>> a great day, "varney and company" begins right now. stuart: the best known as hell week is so bad that the president had to cancel his trip to chicago. he is staying in the white house to deal with the raging fire in the democrat party. the left won't budget. they want at all, $5 trillion. nancy pelosi wants at all. she wants or legacy to be new entitlements with the moderates

want $1 trillion for infrastructure but they know $3.5 trillion for social spending will cost her seat next year. somebody has got to give and give soon because the government shutdown looms into full-scale default is possible. if socialists get their way, that is just my opinion folks. that is not much of a bounce after yesterday's big selloff, the dow was down 569 tuesday. the s&p, the nasdaq took the biggest hit yesterday over 2%. and in the bond market, interest rate stabilizing

one.5%, they are stabilizing, bitcoin at 42,$000, 42 grand is stabilizing. let's be clear, this is a period of volatility in the markets. inflation has not gone away, default is not out of the question. fed chair powell who runs the financial world is a dangerous man, the economy is slowing and it is hell weekend who knows what comes out of that. vice president harris to the question from a student who accused israel of ethnic genocide. she nodded and said your kids should be heard. the president caught in a lie, he was advised to keep troops in afghanistan according to two generals and the defense secretary. the president said he did not recall any such advice. wednesday, september 20 ninth 20. "varney and company" is about to begin.

♪♪ go ahead and jump ♪♪ stuart: go ahead and jump, not sure what to make of that but let's get to it. president biden canceled the trip to chicago to focus on the $3.5 trillion spending. good morning. i have been calling it hell week. chaos on capitol hill, division between democrat moderates and the socialists is on full display. you've got the latest on this. >> they double down on their ultimatum, on the hard infrastructure bill you won't have our votes without the social infrastructure bill first. president biden meeting with moderate senators manchin and

cinema to pare down the legislation. the price tag what they give people and get their support, he doesn't have it yet. he canceled his trip to chicago, to push vaccination to spend more time trying to greenlight his agenda. there is the risk overspending, the debt ceiling debacle, senator schumer tried to increase the debt limit blocked by senator mcconnell. we have a very fractious democratic party meeting what looks like unified republican resistance. stuart: the left won't budget and they haven't got a debt ceiling increased. stuart: that is good stuff. pete hegseth is at john rich's bar and bbq. how do people in tennessee feel about what is going on in washington?

>> great to be here, he has the new show on foxbusiness tonight, primetime lineup, great to see him all morning. steve, jerry, and angela, what are folks meeting of the mess going on in washington dc. take the pick what angle you want to get but you see what is happening, what is your reaction? >> crazy that they say it will not cost anything. the $600 deal checking out your bank account to catch billionaires and trillion heirs. none of what they say is true, we saw that, can't trust anything with these people. >> reporter: when you don't believe a word out of official washington you have to become skeptical of everything they are saying. afghanistan economy is $3.5 trillion bill, what concerns you?

>> i'm concerned about the state of this country. the ineffectiveness and failures of this administration. who is holding them accountable, the system of checks and balances, how much are we going to put up with? >> reporter: how much are we going to put up with? great question. >> people are pretty fed up. >> reporter: what concerns you most? >> everything going on in our economy, millions of dollars of equivalent they left in afghanistan. our city being shutdown, luckily things are coming back, i businesses to thrive again. >> reporter: you think the $3.5 trillion bill will be helpful? >> i don't think it will help one bit. >> reporter: how about inflation? are you concerned that could contribute to that? >> as you look across the world

everything is more dangerous. china is a huge threat, no one is paying attention to that, they could invade i tomorrow at this administration wouldn't do anything anymore than they have done around the world and this is more dangerous world since president biden has been in the white house and it will impact all of us in our pocketbooks. >> reporter: chairman millie might give him a heads up. taiwan is yours for the taking seems to be the theme. stuart: sarcasm is a low form of with. we would like to hear the opinions and viewpoints of people outside the coastal elites and outside the beltway. please thank your guests. secretary, treasury secretary janet yellen warning of catastrophic consequences if the debt ceiling isn't raised. lauren: at her senate testimony and exquisite morning and she did that. listen.

>> i think there would be a financial crisis and calamity. >> the deadline is october 18th and the government likely runs out of wages to keep the lights on. did you hear what jamie dimon said? he was speaking to reuters and said we are preparing for potential default like we always do. the last time it cost us $100 million for the research and time spent and he said get rid of the debt ceiling, it makes no sense and is all political. stuart: the debt ceiling is front and center of the debate. let's get to the markets, looking at futures in the green. shah gilani, the dow may be up

90, s&p up 16, nasdaq up 71. that is hardly any bounce after yesterday's huge selloff. people are not buying that dip? >> in late afternoon but not enough to turn the tide. investors will wait to see how the markets open during the day but anybody's guess, the 10 year treasury yield is a benchmark investors are watching for and that is the trigger that everyone your program will be watching all day. stuart: why should i buy stocks now? inflation is with us, getting worse i believe, political chaos in washington, make the case why i should go out or any of our viewers should go out and buy stock today? >> i am a by the dip buyer, more stocks on sale, apple is

10% off, for investors who don't have positions in mega tech stocks, growth stocks led the market higher since 2009. the first stop should be taking a starting position and stocks are down 5% or 10% and if nervous investors want to wait they could this time of round, we could see a dip in the markets with an opportunity to buy something lower and rising interest rates, economy is doing well, we will not hit gangbusters like 9% growth, gdp, if we see 5% that is phenomenal, 4% is twice for economic growth. equities do incredibly well buying these dips will pay off. stuart: you are still a dip buyer after all these years you've not changed. by the dip, that is still your mantra. >> it is a question of timing,

if i get cautious i may wait on the 5% dip to see if it comes down lower but i am anxious to buy these dips, more capital being created globally every day and fewer equities because of buyback and am and a, equity will rise forever, just a matter of timing. long-term investors hit it out of the bark. stuart: there is no alternative. stuart: shah gilani, always a pleasure. look at futures. i am going to say that's not much of a bounce. coming up on the show today vice president harris goes to school and fails to take on a student who accused israel of ethnic genocide. we've got the tape, roll it

please. >> backing israel which hurts my heart because of ethnic genocide. >> your perspective, your truth is not being suppressed. stuart: your truth should not be suppressed. where's the truth in her allegation? that is unbelievable, we will have more on that. is covid an emergency for children? that is what fda experts will be debating before approving the jab for youngsters. doctor matt mccarthy has concerns about this. he is here after this. ♪♪ like the cool kid ♪♪ his. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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that's it. i'm calling kohler about their walk-in bath. matching your job description. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for fifteen hundred dollars off your kohler walk-in bath. visit kohlerwalkinbath.com for more info.

stuart: that is sixth avenue new york city. the ceo of salesforce, about returning to the office. >> fantasy building, you will get together at an event but not at the office. stuart: >> we have 75,000 people now. they are not in. they are mostly at home and fine. lauren: two month ago salesforce closed on a $20 billion purchase of flak which is a way to communicate

in one place. last week salesforce had a big event called - is how many people showed up in 2019. how times changed. wells fargo delaying their return to the office starts on january 10th, see if that is delayed and giving incentive to the booster shot. >> pfizer's vaccine for children may not be fully authorized until november. do you think we should mandate vaccines, it is all in black and white, should we mandate vaccines for kids? >> this is what we spend 2022

fighting over. the pediatric population, i talked to a lot of parents, some eager to vaccinate their kids but they are cautious. and while they took a vaccine as an adult, kids are not affected in the same way the immune system is fundamentally different, especially for older adults. around november there should beef permission for vaccine available for kids 5 to 11. a small segment of the population going up to vaccinate their kids but by march we will only see my kids second grade classroom 30% of the classes actually and the question, how safe is this, which we are getting safety

data but the second question is how will the vaccine shave the life of my child, to make it up to wear a mask at school? like it is exposed, what are the ramifications for doing this? i don't recommend mandating this right off the bat. if safety data isn't appropriated, you will see it added to the long list of vaccines we mandated. i don't want to reinvent the wheel. there are lots of vaccines we mandate so our kids can go to school and with time we can add this to that list but it will backfire if we reminiscent of people before they are ready for it. a lot of people want to talk to their pediatricians and have a softball conversation and as a parent i of them. stuart: every day we are check how many new cases of the delta virus there are in the united states. the number of new cases has been falling quite dramatically. the latest on the front page of

the new york times is down 23%. we are heading towards a situation where the virus has just about run its course of the surge. we might get there fairly soon but should we start to relax the mandates in place? >> the thing i will caution you on his nationally the cases are clearly dropping but the northeast hasn't had the delta wave hit yet. i remember what it was like last january when we were getting a lot of cases and i'm expecting cases to go up as we go into the winter in certain parts of the country. the tricky part is those cases may go up as we are rolling out a third booster shot and people will say we are having more cases with a third shot, do we need a fourth shot? that is why i'm switching against the idea of giving everyone a booster but your point is well taken, as cases

drop we certainly should be pulling back on these restrictions because this will be an endemic virus and we are going to have to learn to live with it and we won't be living with restrictions for the rest of our lives. stuart: thank you for being with us. give us clarity, appreciate it. staying on vaccines, what is the latest on these booster shots? >> first is the moderna booster which hasn't been looked at by the fda. they are leaning toward authorizing have a dose of that shot so your third dose would be half of what you got the first two times according to bloomberg and the second is this concern of side effects, the cdc study finds they are mostly mild to moderate along the lines of the reaction people felt after the second dose. 28%, i'm putting myself in this 28% category said after the second dose they couldn't perform their normal daily activities so you might see that again with your booster. stuart: i took the second shot

and right after the second shot had to take two days off of work, didn't feel myself but it just lasted two days. get the booster shot, you go through that all over again? >> with moderna if it is a half dose maybe not. a hard one. >> hard to be clear on something so confusing. market check, dow is up 150 points, nasdaq the 6 after yesterday's huge decline that's not much of a bounce. we will take you to wall street for "the opening bell" next.

your strategic advantage. stuart: i'm looking at how markets are likely to open, slightly higher and that's not much of a bounce. eddie, good to see you again. inflation is not going away. there is political chaos and that is putting it mildly in dc. why don't you make the case why i should buy stocks now or by this dip, why?

>> i am a big believer the markets rarely crash when anyone is positions for crash. when you look at positioning and the narrative, if you look at last monday, mike wilson said monday was the start of a 20% crash and analysts said the same thing. i disagree in the near-term. when you look at what we are going to in the fourth quarter, the third quarter, on the delta variant, the rate of change on covid cases in the us and europe and china and around the globe are down huge. this fourth quarter is going to be the last big reflation trade we will see before you take the risk off so we think october or november could look like january. inflation will be the head wind

that crushes us next year in my opinion but it will be because of a fed policy mistake, not because of what is going on in dc. stuart: would you buy big tech? >> the bond market is panicking about the 10 year going up. we are telling clients to see this in the fourth quarter. you've got to take advantage of these opportunities. stuart: october could be like january. october we go straight up. >> when you look at the cyclicals and energy, in january and february, they are

going to be the leaders in october and november. to prepare for what is happening. people are risking too early and they will miss the surge that happens at this tale end of the bull market. stuart: i hope you are right. we will check back with you in future weeks to see if you are right. "the opening bell" is about to ring and we are starting trading on wednesday morning. crucial moment, how do we open after yesterday's big selloff. in the opening seconds of trading we are opening 120 points on the dow industrials, one third of one%. please remember we were down 500 yesterday. look at the s&p 500, we are up one third of one% of 13 points, it was down 90. the big one is the nasdaq down

2.3%, a whopping great big selloff to the tune of half of one%. facebook, alphabet, microsoft, amazon took it on the chin yesterday in small percentage terms. >> how about $300 billion in market. september is down 4%, making stocks look more expensive if you are getting one% guarantee on the note. stuart: they are not showing much. >> one.5%.

it is illustrated with the outflows from etfs, with $2 billion of outflows on etfs in the week preceding the selloff, the most that have been taken out in 3 and a half years. stuart: let's look at the cryptos, that's not much of a bounce. if i say not much of a bounce what do you say? >> i would agree. we are looking at september down 12%, and september is a tough month for crypto currency. this is the fifth consecutive year of the negative september for bitcoin, a were september in two years, have to go back to 2019.

recovery at 13%, if you can hold it until next month you will see some recovery, 6 of 10 octobers positive for bitcoin. stuart: the crypto players. >> micro strategy is close to 2%. micron technology, idaho-based chipmaker. you know how it plays on wall street, forecasting weaker than expected sales, and weaker demand for mobile devices. a record year, a chip-based company in idaho is not bad. stuart: it is down 3 person. >> i want your view on this story. stuart: the robot is called the

astro, diminish what does this do? >> it follows you from room to room, in the storage hatch. it has a touchscreen tv and monitor in a room. what do you think of the robot age, but in 5 to 10 years you will see a lot more robots in the average home. for $9.99. stuart: that is the astro. i can see robots in the home at some point in the future doing useful things i don't want to do myself. >> it has taken longer than anticipated. >> they look a lot like the

robot in the jetsons. >> you don't have one already like an echo? i was told you did have one. stuart: you gave it away. >> i don't have one. >> our is the truth. >> lauren is cringing, this idiot who can't do anything. i've got one more for you. a new citigroup survey found most clients are braced for sticky inflation that they think is here to stay. >> they are saying in this claim a 20% stock selloff is more likely than a 20% rally. that means high prices won't just be here a few months to a year. 23% say it is transitory.

stuart: you keep hearing we are setting up for the big correction. >> the s&p is up 16% for the stock market. most fund managers would go on vacation 8%. stuart: a lot of people would think the predictions of the bears are a good sign to buy. >> so far in one direction, when everyone goes one way. stuart: if it starts, we see the correction started there will be a stampede for the exit like we've never seen before. >> if they do it badly and there's a policy mistake for the fed they will be running for the exit. stuart: what do you make of senator warren saying jay powell is a dangerous man? >> her thesis that he made the banking system more vulnerable. he wasn't around in 2008.

stuart: that was a diplomatic answer. >> what do you think? >> i do not approve of anything senator warren has to say. look at the dow winners, bouncing to the tune of 20 points, that is it. it is headed by boeing. >> it is worth 279 which is why it is leading the advance. >> s&p 500 winners headed by - >> dollar tree which has a buyback, $2 billion share buyback. stuart: look at the nasdaq winners. >>e just bought another videogame. tell you more about that in the next hour. stuart: we have twee 7 minutes of business, down 560 points,

up 50. the 10 year treasury yield, one.51%. the price of gold, and oil went straight up yesterday, we had 76, $77, we are at 74. natural gas also retreating from the $6 yellow, it is still an elevated level. the price of average regular gas right there still at $3.19 and california the same gallon of regular will cost you 440. coming up, president biden's own military brass contradicting him on afghanistan. role tape. >> your military advisers did not tell you we should keep 2500 troops. >> president biden: no one said that to be that i can recall. stuart: the president contradicted.

jack keenan the next hour. lebron james says unlike kareem abdul-jabbar it is not his job to tell nba players to get the jab. >> i don't feel for me personally i should get involved in what other people do for their body. stuart: we have the full clip and reaction from sports fan joke onto the best joe concha. you are looking at the first all electric rolls-royce. the whole company will go electric by 2030. is that what rolls-royce customers want? electric cars? will ♪♪

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stuart: electric avenue, why not? electric cars, why not indeed. looking at charleston, west virginia. here is one for you. elon musk has overtaken jeff bezos and reclaimed his spot as the world's richest person. >> the first ever to surpass that milestone following jeff bezos but mister bezos is only worth $193 billion. 177 and you can see bill gates and mark zuckerberg round out the top 5 richest people in the world. of the what i do know how

someone like elon musk feels about senator elizabeth warren, who will just take it. i would like to know what he thinks. >> when you have that much money, i get most of my money to philanthropy, just leave me alone. stuart: what he should say if senator warren, was asked what senator warren, i can make much better use of this money than you can and i invest in other businesses like space, i will employ people directly. lauren: they have their hand in everything but constantly under politicians radar. stuart: create private capital and use it to advance our society. you don't advance our society by having it seized and taken away by the government. lauren: it is bad for the rich

according to some in washington. >> one follow-up story, what are they doing? >> it is not everyone. if you show proof of vaccination, you can win a prize, there's going to be a monthly drawing every month through the end of the year. elon musk got covid. he seemed to be anti-vaccine. he is supportive of the vaccine, there is no mandate and we don't know if he himself has been vaccinated. he is encouraging it with 10,$000 prizes. stuart: i want to talk about lucid motors, the all electric company being in production at the flagship, the air sedan. isn't this the company that gave you a 500 mile charge. lauren: it is in arizona up 10%. they say they have a premium car.

they will start producing it and next month start delivering it. 13,000 people preordered the lucid air dream the cost 169,$000 but that is what you pay for premium in a 520 mile range. stuart: a 500 mile range is a big deal for a lot of people. the air sedan, when is it for sale? it is here. >> coming up, president biden's own military brass contradicting him on afghanistan. role tape. we were going to bring you that tape, we were going to bring you that tape any moment now, we will see the president being contradicted by his own generals.

we've been on the brink of government shutdown and default before. this time it is different, this time the country and president biden's presidency are very much on the line. that is the subject of my take which comes at the top of the 10:00 hour. before any migrants reach our border they have to cross into mexico first. no surprise the mexico border is wide open. griff jenkins is there. he will show us what is going on. we will be back. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... hey, graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... ...giving us confidence in our future... ...and in kevin's. you ready for your first day on the job? i was born ready. go get 'em, kev. well planned. well invested. well protected.

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[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. match your job criteria. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath.

yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for fifteen hundred dollars off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. stuart: rolls-royce has announced its first will the electric car called the specter. the ceo of rolls-royce joins me now. before we get to a description of the specter, i want to know, our rolls-royce customers demanding and electric rolls-royce? are they saying that? >> we are in talks with

clients, we experimented a couple years ago and remarkable interesting feedback from our clients and particularly younger ones and asking the question when are you going electric and i promise this will happen and how it happens and two years from now i can fit them in specter, for most of all it is a rolls-royce and it is electric and that combination is perfect. stuart: how much will it cost? >> honest, that is the question. when you ask the price of a rolls-royce you probably can't afford it. rest assured it is in our price range we currently have and it is a proper rolls-royce and

carries probably the rolls-royce price. stuart: when i was a youngster in england we used to say when driving along a rolls-royce the only thing you can hear is the ticking of the clock. how about the specter? now that it is all electric i presume you will still be able to hear the ticking of the clock because electric cars are so quiet. i know there's a delay so take your time answering. >> 100%. our clients are used to this because it is required in silence. all par rating the engine. it is supersilent and we are used to insulate passengers from any noise from the

outside. the only thing you will here is the ticking of the clock. stuart: we will leave it at that. thanks for joining us and good luck with the rolls-royce electric specter. we've been in business for 24 minutes. this is a bounce but not much of a bounce after the 560 drop for the dow. for the benefit of our radio listeners the nasdaq is up 0.8% but please remember it was down 2.3% yesterday. i will call that a modest bounce at best. bret baer, john rich, martha maccallum, retired 4-star general jack keane, the 10:00 hour of varney is next. ♪♪ ♪♪ pushing for the feel of it ♪♪ on and on and on

♪♪ never looking down as if tamara wasn't going to be ♪♪ ♪♪ ♪♪ i'm so glad we did this. i'm so glad we did this. . . t. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. . .

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if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. ♪. stuart: shirley bassey? i remember shirley bassey.

i don't think anyone under 60 still. the dow is getting a bit better. dow up 150, nasdaq up 100 after huge losses yesterday. 10-year treasury, still stable but at lofty levels. big tech, mostly higher, but again not by much. major league losses, modest bounceback. we have latest read i think on pending home sales. lauren: contracts signed awaiting closing. huge beat to the upside, rising in the month of august by 8.1%. i'm only give youing expectations to see how the big the beat was, expectations was 4 loin 4%. came up 8.1%. stuart: i wonder if that is

helping the market? we saw the dow move up better than 200 points. it is possible that's strong news on pending home sales helps the market. indeed looks like it in the green for all three indicators and moving up right after that news. all right, everyone. now this. no wonder the president canceled today's trip to chicago. he has got to stay in the white house to save his presidency. yes, it is as serious as that. he is in deep trouble. the left demands five trillion dollars worth of spending. the moderates say no way. they're fighting it out as a government shutdown looms as a catastrophic default is weeks away. we've been to the brink before but this time the politicians involved are much more idealogical and much less inclined to compromise. bernie sanders he chairs the senate budget committee, he just turned 80. he has been in congress for 30 years. his life's work is socialism. he will not give up his dream now. he is holding his party and the

countries who damage. he said you can't have a trillion dollars worth of infrastructure without another 3 1/2 trillion dollars worth of social spending. it is all or nothing. speaker pelosi, she is 81. she demands it all not for idealogical achievement but career at vansment. she brought us obamacare. she wants the entitlements as her kuhn crown achievement. aoc is 31. she is new to congress. she emerged as the shining star of the far left. "the squad" and progress serves demand it all. like bernie, they are idealogically motivated. they are socialists. taken together, barning any in the senate, aoc in the house represent in my opinion looming disaster. if they get their way democrats lose the house and america is

stuck with socialism. if they don't get his way, he problem is missed the earth and couldn't get his party to deliver. if socialists get half of what they want, mere three trillion, we'll be stuck with inflation, probably a recession and a stock market selloff that will take down your 401(k). wouldn't it be nice if we could sit back to watch the democrats implode. unfortunately the whole country is being held hostage by the speaker and the socialists. second hour of "varney," we're just getting warmed up, we're just getting started. ♪. stuart: all right, everyone, look at this headline, it says biden lying about taxes inflation, dems massive spending but voters catching on. who wrote that? liz peek wrote that. back in the studio in new york city. >> so exciting to be here, it

really is. stuart: let's get real, liz. lying is rather strong. lying. you want to back that up. >> he is not telling the truth. that means he is lying. start with the need for this big bill. the premise that the economy is stuttering along, we need a big boost. that is not true. the economy is growing 6%. it was when biden took office and passed the $1.9 trillion plan early on. secondly the cost of this bill, 3 1/2 trillion dollars, it is not on a close to that. it is more like five 1/2 to $6 trillion according to all the people who analyzed it in any depth. secondly it is all paid for says president biden. it is not paid for. the house tax proposal, some 40 different items they put forward amount to about two trillion dollars. so that is a pretty good gap between two trillion and probably six trillion. also the idea that we're not going to be raising taxes on anybody earning less than $400,000, even left-leaning

organizations point out that raising corporate taxes as this bill does would sock everybody with higher taxes including the middle class workers. i could go on and on. everything he says, inflation transitory, no. it is not transitory. inflation's right where we thought it would be. they more than doubled their inflation estimate. this white house is on their back foot in terms of all their projections and their rationale. stuart: what makes you say that voters are catching on? >> well two things. now major polling like national polls show that voters no longer think biden is honest. that is a really big change from when he was first elected because it was on those character issues that he polled very well. now he is underwater, only 40% of voters think he is honest. i think that is really spells trouble for him in terms of now any of his messaging will be met with some skepticism but even more than that, there are moderate districts which were

polled recently by a right-leaning pollster but they show in thoses to why you have districts people are not buying that this is not necessary bill or won't raise taxes or cause inflation. they're very worried bit. inflation according to the pew is the number one economic concern right now. people attach, connect the dots between big spending bills and higher prices. stuart: glad you're back in the studio. >> me too. stuart: this is crutch time. hell week and crunch time. liz, great to see you. let's update where we are. dow is up 130. nasdaq is up 100 points. here is bob doll, market watcher wednesday morning? why should i buy stocks? why should any of our viewers jump in and buy stocks when inflation, some say raging and political chaos in washington? why buy? >> the bulls would say there is no alternative tina.

cash has zero returns. if interest rates go up, bond prices go down, i'm stuck with stocks. i'm not sure i buy that whole story. as you and i have been talking for weeks we entered a period for the stock market it will waffle around, it will be choppy, directionless. we'll have big moves down like yesterday, big moves up, hopefully this holds today. what is happening inside of the market will be absolutely key as investors think about inflation. the washington chaos, the fed and how they're going extricate themselves from zero interest rates over the next year or two. a slowing economy. still good, still good earnings but slowing. what, how do you put that in the pot, stir it up, come up what you should do with the markets? it has gotten more complicated the bottom line, stuart. stuart: let's speculate for one moment, bob. suppose the socialists get pretty much what they want,

somehow or other they get what, let's say $3 trillion worth of spending, supposing they get that, is that good for the market or bad for the market? >> since it is all paid for i guess it doesn't really matter. kidding. if that 3 1/2 trillion gets passed it is not good for the market in my view because both you and liz peek ahead of you hinted it will stoke the fire of inflation which already has been stoked. we just don't need this. the economy is doing fine by itself. let's let this play out. let's let the delta variant continue to fall. and we'll get back to not only u.s. but global growth that is good enough to sustain the economy, better earnings. stuart: suppose we get nothing? we don't get the trillion dollar infrastructure, we don't get 3 1/2 trillion in social spending we don't get all of that, is that good for the market? >> i think that is much better than the alternative of nothing.

the market will say now, i first of all know what is going to happen, nothing. uncertainty, markets do not like uncertainty when you say on one hand we could get 3 1/2 plus one, five trillion or we could get nothing, the market says which is it? you could drive a truck, bunch of trucks through that huge wage which only increases uncertainty. that crept in along with the higher inflation caused the market to go more haywire than straight up like first six months of the year. stuart: bob, i do not have the courage to buy today, or in the near future. that is where i'm coming from. >> be patient. you will get a good chance i think. stuart: whatever you say, bob. thank you very much for being here. see you again soon. >> thank you. stuart: the ceo of jpmorgan jamie dimon, top banker in america, warning about the consequences of a default, if we run out of money october the 18th. lauren: he said enough is enough

with washington. he said to reuters. every time this comes up it gets fixed. we never should get this close. one day have a bipartisan bill, get rid of the debt ceiling. politics that cost him and his bank one hundred million dollars the last time the u.s. flirted with default. money time and energy running different scenarios as they're doing now as the bank and his clients prepare for a default. stuart: we do not have yet the raising of the debt ceiling. >> we don't have it yet. they're trying. i think they're on plan c and d now, the democrats are ways to get a measure through but doesn't look like they're getting republican support in doing that. >> my goodness me. thanks very much. lauren. wait a minute. you got some movers here, crude oil down today? lauren: down a bit today but morgan stanley says 80 to 85-dollar oil will likely hurt demand. that is when you see the demand

destruction, that inflation with the demand destruction hurt as fragile economy. look at conocophillips a winner. down half of 1%. dollar tree? stuart: yeah. lauren: call it a $1.50 tree. plans to add items that cost a little more than a dollar because its own costs are rising. dollar tree up 13%. stuart: dollar if i havety tree i like that. target, what are they doing? lauren: they're kicking off the holiday deals on october 10th. early bird catches the worm. a lot of people like to wait for sales. buy your item, if you see in mid-december, that item is cheaper we'll refund you the difference. stuart: apart from if you leave it to the last minute you probably won't get what you want, we have a supply chain real shortage here. lauren: santa claus started shopping in my house, after these warnings we have four gifts already. i have to find out where to hide them. stuart: smart lady. you remember this, it is chaos?

remember this? that is chaos. look at that military officials claim that woke issues distracted top leaders from properly dealing with the afghan crisis. we'll talk about that one too, woke issues distracting. a marine officer who went viral for blasting the botched withdrawal, he is now in solitary confinement. you will hear what his parents have to say about that. president biden says he doesn't recall anyone advising him to keep boots on the ground in afghanistan but his own military advisors are telling a different story. roll tape. >> no one told your military advisors did not tell you no, we should keep 2500 troops. >> no, no one said that to me i recall. >> i recommended that we maintain 2500 troops in afghanistan. stuart: so which is it? did he get that advice or not? we'll have general jack keane to sort it out for us right after this. ♪.

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♪. stuart: yeah. you saw the crisis there, biden's border crisis, well it is not just our border is open, the border between mexico and guatamala is also wide open. griff jenkins is in mexico for us. griff, is mexico doing anything to stop the flow on their southern border? reporter: stuart, there is nothing that we see in terms of enforcement. where we are standing is on the river. my cameraman mark is on the bank of mexico and across from moo is guatemala.

the bridge behind me, is the international bridge. that is the legal way to come from guatemala to mexico. this is the illegal crossing that happens all day long. if you look in the distance, anybody can cost on the rafts. costs about 30 pesos. that is a dollar 50 to make this crossing. as you can see on the banks, as people freely come and go, some are day laborers. some are doing cross river trade. many we're told, as many as 800 a day are haitian migrants. here along the banks of the guatamala mexico border, they have 8,000 haitians trying to make their way north to the u.s. yesterday in the mexican senate, mexico's foreign minister embraced the migrants, all will be given refugee status as we have a 15,000 strong caravan down in south america working its way through panama up to this crossing right here. it is the same one we saw in 2019 with those caravans.

quickly we got a surprise visit yesterday from a u.s. based immigration rights progressive activist. he is with pueblo, organized caravans in 2019. he is down here slamming the biden administration for their handling of the crisis. here is a little bit of what he said. listen. >> i would have the biden administration be responsible with their actions. if they're going to talk nice to the migrants or they actually say around mean what they're going to do, not fill them with hope and then fill them with pain after they are deported back. reporter: stuart, message not to come is not being heard. the crossing are happening along the river. we have yet to see immigration officials stop anyone from making the crossing.

stuart: thank you, griff very much indeed. a whistle-blower, that u.s. border patrol agents have until november 1st to get the jab or be fired. lauren, that what we want on our border, fewer border guards? lauren: the last thing that we want. congressman jim jordan, tom mcclintock wrote to secretary mayorkas said your failure to support the federal law enforcement officials will make the biden border crisis worse and make our country less secure. they have word cpb agents must be fully vaccinated by november 1st or fired. we don't know how many are not vaccinated but the congressman writes, it is a significant portion of the border patrol agents. stuart: significant portion. whatever that means. you can't afford to lose any. lauren: they can't deal with the influx as it is. now if you're threatening them with getting vaccinated or losing their jobs, a lot of them are so fed up, okay, enough is enough, i'm out of here. stuart: especially after those

guys on horseback grounded. lauren: being accused of racist. stuart: prejudged by the president for heaven's sake. lauren, thank you very much indeed. now this. listen to it. >> no one told your military advisors not tell you no, we should keep 2500 troops. it has been a stable situation last several years, we can do that, we can continue to do that. >> no one said that to me that i recall. >> i recommended we remain 2500 troops through afghanistan. >> remained consistent throughout keep a steady state of 2500. it could bounces up 3500. >> their input was received by the president and considered by the president. stuart: president three of the top military leaders presenting different to go store rigs. general jack keane, a retired four-star general, looks to me the other four generals completely undercut the president. is that how you see it? >> what i see, they gave voice and testimony yesterday to something that has been widely reported and that is that the

secretary of defense and the entire chain of command below him going all the way down to the commander of our forces in afghanistan all recommended to maintain a modest force in afghanistan and they were able to explain to the president, that was the other benefit of this testimony as it came out that not only did they make that recommendation but they slained to the president what the risk were and what the consequences were. as general mckenzie clearly pointed out the consequence it could lead to the collapse of the afghan government and security forces and the takeover of the taliban of the country and general milley went actually further and described what has happened as a strategic failure which has damaged the credibility of the united states worldwide. so the fact that the american people heard that yesterday, i think was very important to understand the advice and council that president of the united states was getting. he made this decision largely on his own what it comes down here,

stuart. and he owns it. stuart: he owns it but will he own it publicly? he should, i think take responsibility for what happened after this testimony, do you agree with that? >> oh, i definitely agree with that but i don't think based on the pattern we've seen so far, stuart, i don't think he will do that at all. i think he will still deflect responsibility, try to blame the previous administration as much as possible. then blame it on conditions outside of his control. no, he is not going to accept that responsibility. that is why we have elections, stuart. stuart: that is true, general. very true indeed. change the subject slightly. i'm sure you've seen this, outspoken marine officer, lieutenant colonel stuart schellerrer, went viral sent to solitary confinement ahead of his trial. his parents talked about this.

roll tape. >> yes he you into he would go there for the principled stand he took but i'm telling you right now he does not deserve to be in prison. >> he has served valiantly. he deserved his right to speak. he only spoke because what he saw happening in kabul he couldn't take it. stuart: general keane, should he be in prison, solitary confinement awaiting trial? >> i don't know what the rationale is that somebody who spoke out like he did would be locked up for some reason. i mean, listen, so our audience understands when you join the military you give up certain civil liberties. free speech is one of those civil liberties that you're giving up. you cannot undermine the chain of command. that leads to chaos and breaks down good order and discipline which our units have to have. so therefore if you do that, it is punishable and that is what he is facing.

i've been told he was given many, many warnings before the marine corps leadership began to take action. why he is isolated and put in a brig so to speak awaiting a trial makes no sense to me. certainly he is not a flight risk. and he is not going to do harm. he has a strong view. he is entitled to that view but there are also consequences for having that view inside of the military in terms of our good order and discipline. stuart: got it. general keane, always a pleasure. thank you, sir. see you again soon. >> yeah. stuart: now this, president biden wants to increase drastically snap benefits, food stamp benefits, for the unemployed. a move could cost you a great deal of money. edward lawrence has a report after this. ♪.

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♪ stuart: so everybody is in the green. the dow is up 200. the nasdaq is up 113. maybe this news gave a shot in the arm to investors. here it is. the senate could vote today on a bill that would keep the government running until december the 3rd. in other words they decoupled

raising the debt limit from keeping the government going. this will probably pass. that is being well-viewed on wall street. dow is up 200. susan is back with us. i want to know what on earth is going on with netflix. susan: lot of good things. netflix buying their first videogame studio called knight studio. rolling out five mobile games in europe. have you watched squid game by the way? most watched netflix serious ever. stuart: what is it called? susan: squid games from south korea i found interesting. there is a lot of interactiveness. it came from south korea, a long-time series, that will be interesting. stuart: i'm getting over "kim's convenience." susan: that is from canada and bbc. that has been around for six seasons. part of the dow recovery, they're expanding a their presence in atlanta and opening

an office, hiring a 1000 headcount. i want to get back to boeing, that bowing is leading the dow advance. if you look up we're 5%. outperform by bernstein of 289. benefiting from the global inflection point according to bernstein, positive comments coming from the 737 max recertification. stuart: interesting, comments from analysts and observe observers that is enough to give you four 1/2 -- lauren: the 73 recertification. cathie woods sold -- stuart: she has just sold all that, all that value of, tesla stock? susan: tesla stock. she holds a few billion. she is one of the original tesla bulls what she made her name on. stuart: do you know why she

sold? susan: sell-off yesterday, you have to raise cash. that happens. stuart: are we done? susan: all you. stuart: my show. susan: kim's convenience. stuart: i love that show. president biden's plan to expand snap benefits, food benefits, this friday could cost taxpayers an additional $20 billion a year. edward lawrence is with us. who does this affect and how much money goes into their pockets? reporter: it affects all taxpayers. critics say it will do two things, increase inflation more and cost a lot of money, you mentioned 20 billion to taxpayers. here is the break down. the average benefit for snap will go up $36. a conservative think tank says a unemployed person of two get $2400 a month. you make 24% more than being

employed. democrats say the rising cost of food. agriculture secretary justifying the increase. survey of people receiving food stamps families struggling to buy healthy food as prices rise. republicans are saying this will all cause people to spend more money at the grocery store, adding to the demand and surging and spiking inflation. it will also cost taxpayers, listen. >> people understand what's going on here. nothing's free. everybody is going to be taxed. you look at inflation going up. that is a tax on the middle class and it is a tax on working americans. reporter: republicans also sending a letter to the president saying that this entitlement program is spending, that is congress' realm. they should have gone through congress. the president is abusing his authority making this change permanent. back to you. stuart: my question is why work? edward, thanks very much indeed. i think i should pose that question to an economist. we got one. his name is john lonski, with

the benefits staying at home, 2468 bucks from all sources if one adult with two kids at home. $2468, my question, why work? >> that's right. that money is tax-free, by the way. it custodies courage people from taking jobs especially those entry level jobs so important if they're going to improve their lot, their standard of living. seems as though we ventured into a new period in the united states where the government goes out of its way to discourage people from working, making an effort and that can only be damaging to individuals but to society and economy overall. stuart: let's have a look at the state of the economy right now, where it is going. i believe we have got inflation. i don't think inflation is going away. i see the economy is slowing. do we have, are we about to get into stagflation? >> we are in stagflation right now. we'll have quite a drop in real

gdp growth. 6.6% in the second quarter. it is headed down to something, i would say 4.5% in the third quarter, that is pretty good. maybe we get a little uptick in the fourth quarter. looking ahead, a situation with higher prices with slower economic growth. we're finding right now, that the purchasing power of wages is being reduced by inflation. inflation is running faster than wage growth. stuart: if we get any part of the 3 1/2 trillion dollar social spending, if we get any part of that, we get two trillion of it, what does that do to the economy, what does it do to inflation? >> i don't think it does much of anything to the economy. remember a lot of these spending programs on pre-k and also free community college education, people are already spending that. so what we're doing is, we're moving the funding of this type

of spending from households, from individuals, and sometimes companies to the federal government. it is really not going to be much of a net gain. we would find it because of this we're going to be looking at more inflation risk. we'll find it people will have more money on hand to go made and spend that will put additional upward pressure on prices. of course this is going to lead to faster price inflation in pre-school education as well as more community college education. you will have more administrators paying themselves more money. stuart: we have an inflation problem now and i think, you think it will get worse in the immediate future. >> yeah. stuart: john lonski, we're in agreement there. >> i'm agreeing with you, stuart. stuart: that's good, that's very good john. john lonski, thank you very much, sir. see you again soon. we have the latest read on oil inventories. how much oil came out and how much went in, the news is we

went up by 5.48 million barrels. that is how much was added to storage as opposed to being taken out. the price of oil holding steady at $75 per barrel. the white house keeps claiming that biden's tax plan will cost zero dollars but when pressed about the numbers jen psaki admits this. roll tape. >> do you guys acknowledge the sort of broader truth that it is not, that it does cost somebody right? >> a lot of high income, high income individuals pay lower tax rates than nurses and teachers but yes, we're asking them to pay more. stuart: so it will cost someone. bret baier will be on the show shortly. he is reporting on hell week. we'll be back. ♪.

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stuart: going to say it again, that is not.

much of a bounce. the dow rebounds 160 on the first house of wednesday morning. i will not call that a huge bounce. definitely not a big bounce on of the nasdaq which was down 2.3% yesterday and back up a mere .4% this morning. >> now this, this is wednesday of what i've been calling hello hello -- hell week in congress. president biden canceling his trip to chicago to focus on that bill. bret baier is with us this wednesday morning. bret, we learned that the senate could vote today on a bill that would keep the government running until december the 3rd. sounds like they uncoupled or decoupled from the debt ceiling to keep the government going. i would say that is a little bit of progress. what do you think? >> stuart, republicans are separating the two, have democrats go it alone.

there is a lot of hurdles for democrats to get over, primarily in the house first of all. the vote on the bipartisan infrastructure bill, $1.2 trillion scheduled for thursday, speaker pelosi the bigger bill, 3.5 trillion, build back better bill, needs to be written and signed off on the white house before thursday, in her words they want to keep progressives voting for the bipartisan bill. you need a whiteboard here. they are essentially saying you have to have all of that locked in and they still might lose some progressives, the whole thing might implode. the reason the president doesn't go to chicago, not because as they put in the statement there is progress on the bills. because there is a lack of progress and he needs to do some hand-holding if he is going to get this across the finish line. i don't know the over-under, stuart, i think it is looking tough right now. stuart: it really does look

tough. if they have to write the 3 1/2 trillion dollar bill, it is wednesday. they have to write it before they get to it on thursday. i don't see how you can do that. even though speaker pelosi is good at legislating a political genius in some respects but i don't think even she can do this. >> i agree. you see the order of things, originally they would take up the 3.5 trillion first. now they're voting on the bipartisan infrastructure bill first. it will be a touch-and-go. literally the moderate versus the progressives part of the battle inside of the democratic party is what this comes down to. remember some of these votes are clearly going to impact 2022. we saw it in obamacare when there was a backlash. i think one of the biggest bellwethers you can see today democratic gubernatorial candidate terry mcauliffe, former governor of virginia, running again for governor

saying 3.5 trillion is too big for that legislation. that tells you a lot. stuart: that could be the kiss of death on the 3 1/2 trillion dollars. seems to me that bernie sanders, he is 80 years old, speaker pelosi is 81. they're basing their careers on this 3 1/2 trillion. if they don't get the 3 1/2 trillion, bernie sanders will just be very discouraged, put it like that and speaker pelosi will not have a new entitlement series to add to her career achievement list. they're basing everything on 3 1/2 trillion. >> yes. they're not saying it has to be 3 1/2 trillion. it can be negotiated. don't get stuck on the number. if they get a bill passed somehow progressives can sign on to, that will be a major win but there is a lot of nuance here. there is a lot of gray area. all you need to lose in the house for speaker pelosi is three votes, let alone the senate, where it is really

tight. stuart: nobody is brave enough to say how things will stand at midnight friday, not even you, bret baier. >> i will cover it though. stuart: bret, you're all right. see you again soon. >> yes, sir. stuart: country star john rich, he has a new show, part of the fox business prime line up. the show is called "the pursuit," how celebrities chase the american dream. he will give us a preview. wedding season is booming. nashville cashing in. what makes the music city such a hot spot for brides to be? i don't know but we have a report on it. ♪. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values.

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stuart: not. of a bounce. the dow is up though 220 points. nasdaq up 100. now this. the pandemic put many weddings on hold but now couples are finally getting ready to tie the knot we understand. 2 1/2 million weddings planned for next year. nashville, tennessee, that has become a hot spot, not so much for weddings, necessarily, but

for bachelorette parties. madison alworth, lucky lady, is there. why is nashville so popular, tell me. reporter: neil, so sorry, well, stuart, the reason it is popular a couple things, i know, so bad. a couple reasons i'm sorry. i haven't had couple drinks. we're bouncing on a bus. it is difficult. the reason bachelorettes want to come here. looking at affordable prices. cheap flights and experiences like this one here, the open-air bus, obviously all of broadway. you said 2.5 million weddings. that is big business for nashville because this is the number one destination for those groups. they absolutely love to come here to have experiences. but for businesses here in nashville, it has been a big part of that covid comeback. i'm sitting now with the owner of this bus, honky-tonk party express. tell me, grant, what has "the bachelorette" party comeback meant for your business after covid closed down? >> the comeback has meant

everything. it has meant everything for downtown nashville, tourism, businesses like myself, the honky-tonk express, get to be beneficiary of bachelorettes come into this town. 2020 when it went through covid it really destroyed our business. the first group to come back were the bachelorettes. it is not conventions, corporate businesses but bachelorette parties. nashville should be thankful that we have influx. these girls love nashville. riding on the bus seeing city with fun, safe rides. they love nashville and coming in droves because 2020 they got everything taken away. their bachelorette party, their wedding. all they want to do is celebrate a year they lost. we get to do it thankfully in nashville, tennessee, and get to do it on our open-air party buses and we're so thankful to be in nashville and so thankful nashville is so receptive to these bachelorettes and continue to be as they come into nashville. reporter: you might think vegas or maybe miami but bachelorettes

in nashville have taken that number one spot. for all of those reasons you're seeing, also trends wanting to be in open-air spaces because of covid. they have houses they can rent and be outside on a bus like this. you're planning bachelorette, stuart, i don't know why you would be, for some reason that is on the agenda for the next year, i think nashville is the go-to spot. stuart: maybe so in the unlikely event that i hold a bachelorette party. but there you go. madison, i got your name right. madison, you're all right. see you again soon. lauren: you could pay for a bachelorette party. stuart: could but i won't. new show in the fox business prime lineup. called the purr -- "the pursuit" airs tonight at 9:00 eastern. features celebrities who pursued the american dream. look who is here, john rich, the man himself. he has his black hat on. that is signature of john rich. tell me more about

"the pursuit," who have you on the show tonight? >> my guest is candace owens. she has a incredible story what happened in her life prior to all of us coming to know candace owens. we're doing a show on me personally tonight to kind of show america where i came from and how i pursued happiness in america. the show is based on a really simple concept, stuart, and that is america doesn't guarranty you happiness. it guaranties you the right to pursue happiness. so we sit people down from all walks of life, all different backgrounds and we tell their stories about what they have had to go through, to struggle through to finally reach the american dream. of them are famous. some are not. some are regular people that i have run across that have incredible stories. stuart, there are reasons the lines coming into the country, no lines going out. we're the only country in the world that offers the people right to pursue happiness. stuart: you're doing interviews in your own house in nashville, i think, is that correct?

>> a lot of interviews are at my house in nashville. some are out on the road. i went saw harrellly davidson family up in milwaukee. i saw richard petty in north carolina in his hometown. a lot happen in my house. which makes it easy on me. i know you can appreciate that. stuart: any surprises? you have 30 seconds. give me a surprise. >> there is a young man named robert cheryl who is not a famous guy. he got busted in nashville for selling $2 million of crack cocaine. went to federal prison five years. 8th grade dropout. started a business. has over 1000 employees in nashville. got pardoned by governor of tennessee and donald trump final day in the white house. this guy turned his life around, only because he lives in america he has a chance to hit the reset button. incredible story. stuart: john rich, we think you're all right. we'll tell the audience how to watch you. it is called "the pursuit" with

john rich. fox business prime, 9:00 p.m. eastern. good luck to you. appreciate it. still ahead today, martha maccallum, indiana senator mike braun and joe concha. seems the president was caught in a lie. he says he was not advised to keep troops in afghanistan. his military advisors are claiming the exact opposite. what a mess. my take on that is and more is next. ♪. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected.

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>> reporter: the premise that the economy is stuttering along, $3 trillion, not even close to that, more that 5.5 to $6 trillion raising corporate taxes as this bill does woodstock everybody with higher taxes including middle-class workers. >> if that gets past it is not good for the market. it will stoke the fire of inflation which has already been stoked. we don't need this was the economy is doing fine. >> i'm a by the debt buyer if investors want to wait and they could this time around we might see a further dip in the market

with an opportunity to buy something. equities doing credibly well. finding dips will pay off. >> markets rarely ever crash and everyone is positioned for crash. i respect we disagree. in the near term, it is a lot like january. stuart: that music is a little friend eric. it is wednesday september 20 ninth all day long, the markets are rebounding modestly, dow is up 200, nasdaq is up 100 following yesterday's huge selloff. the 10 year treasury yield is one.15%, big tech, is that bouncing, huge decline yesterday. that is a modest bounce for big tech this morning.

a few things i would like to get off my chest. number one, the president has been caught in a lie after the afghan he believes and he called george stephanopoulos, he was not advised to keep troops in afghanistan. yesterday two generals and the defense secretary said that was the advice he had received. maybe the president had forgotten what he was told. if that is the case, cognitive difficulties cost a lot of lives. number 2, vice president harris took questions after a speech at george mason university. one student accused israel of ethnic genocide. the vice president could have stamped on his gross display of anti-semitism but she didn't. she just nodded and said your truth should be heard. number 3, jen psaki speaking for the president destroyed trump's economic policy is a failed giveaway to the rich.

it insults our memory that they do their best to ruin. it has gotten over the president's embarrassing situation that spending trillions of dollars costs $0. border guards - lose the men and women who guard the border just as we open it up to people who will not be vaccinated and many of whom are paring covid, you would think border guards would get support but not from an open borders administration. i believe it at that, it is 3 and a half more years. the third hour of varney warming up. ♪♪ stuart: martha maccallum joins me in the studio in new york city.

a short list. you want to add anything to it? >> a couple things. in terms of the lie that we've been talking about, the advice to the president was for 2500 troops to be on the ground. when you talk about bagram, people need to listen to the answer, it is that the president would only allow 6000 troops for that part of the transition, didn't have enough people and they had already been told by the president i'm not going with their number. if we have 6 or 700 people they lose bagram with the subtext there as well which we were told we were going to hang on to as a diplomatic landmark, was another one of the president's promises we will get you out.

still there. i am struck that you referred to it as a lie or he forgot which you point out both are problematic. remember those tallies of trump lies, we are up to 3762 now. for some reason there is a different handling of this. although there is a bit of softening in the widespread media towards president biden because they see the poll numbers, people's confidence in him is hampered because people look at this and they go back to the headline. the bottom line which general milley needs to be recognized for because he laid it on the line. the enemy is in control in kabul. when you look back at 911, the twentieth anniversary of

september 11th. it is so heartbreaking and heart-wrenching, and the taliban is in charge, forming an alliance between pakistan and iran and afghanistan, you see the chessboard, >> you have been covering hell week. the $3 trillion spending plan. and they are in danger of

losing at all, it could be that bad. >> the first thing that comes to mind after we pass it. it is a addictively long bill, everyone puts a piece of pork in it where they wanted. 2500 pages absolutely impossible, the most important part of the story, president biden want to change the united states economy. it will look more like your country of uk and france. is that where you want to be? if you want to wait longer for the healthcare across europe and a friend of mine, it took 2 hours.

if this is where you want to be, just because it doesn't of the fact that that is where we are going. >> >> back to the market please. a modest rally coming back, down 500, the doubt, the nasdaq up 89. look who is here now. mark tepper, the man himself. bank of america says if we buy the dip, it makes the next selloff much much worse. what do you say to that? >> this one has me scratching my head a little bit. it makes a lot of sense.

in the long run the market will trade at its fair value, doesn't matter if people are buying the dip or not. in this has, the selloff we see this year has been 4.5%. in a normal year it is 13% but maybe bank of america isn't paying attention to the average stock because the average stock was already in a 10% correction. half of the s&p is in a correction. the reason the overall market, the biggest companies are doing well, and we all know covid crushed small businesses and made the big guys even stronger and that is what we are seeing play out in the stock market. stuart: you still say buy stocks for the long term. that is the place to be. there is no alternative. you are still saying that. >> without a doubt. where else will you make money?

you won't make money in cds or bonds as an inflation hedge. may be a tiny bit of that. you want to do that? looking at emerging markets with china being 31% of that index. so us stocks it is, buddy. stuart: let's talk about hell week. we are in the middle of it, dc. if speaker pelosi does not have the votes for $3 trillion plan, if she doesn't have the votes is that good for stocks? >> absolutely, great for stocks. she doesn't have the votes because if she did she wouldn't have punted on the smaller package until the eleventh hour. stock market doesn't want to have the green new deal and human infrastructure. we all know money doesn't grow on trees especially $3 trillion so you have to pay for this egregious package with egregious proposed tax hikes so

it is clean energy human infrastructure those tax hikes are going to be moderated and will still happen. stocks will like that because as of now, with all these tax hikes backed in. and stocks -- >> you are all right. i will see you again soon. >> looking at a variety of stocks including the gap. >> we can thank on your list for this. he has a cookie on the main stage of the gap website and it sells for $90. for $90 -- >> is that why it is up like that. >> he's very popular.

eli lilly up 3%. >> they are optimistic. >> glad they are optimistic about that. >> gaming stops are down sharply. what is the story on casinos. >> if you look at the chinese exposure. those would be mgm and void gaming and at this hour their price target was flat from 8261 at citigroup. it is a 12:45%. stuart: i was looking at the tape showing gambling stocks down 20% or 30% from their high

so you are telling me correctly that they are sitting at 52 weeks. now this. indiana deploys the national guard to understaffed hospitals. indiana senator mike braun will take that on. democrats don't just want to expand child tax credits the change the definition of a child for tax purposes. a report on that from capitol hill. the annual congressional baseball game is back. carly shimkus is live at nationals park with a preview after this. ♪♪ next in line ♪♪ ♪♪ we got this. we got this. life is for living.

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>> highway to hell. and it is hell week, and and democrats want to change the definition of what a parent means. and >> you don't have to be a parent of a child or a relative of the child. or be the child's legal guardian to qualify for the expanded child tax credit, this is a provision that is part of

the reconciliation package house democrats are trying to make the tax credit permanent but also make a lot more people eligible. lord if it is past, that they cash in, even part-time. applicants can be supervising the child's daily activities, or do what the proposal calls maintaining a secure environment for the child are involved in financial support for the child's educational or similar activities. under this definition multiple people would be able to take credit for the child but not at the same time. a child has to live with someone for more than half a year to qualify for the child tax credit the democrats would change their too allowing someone to take the credit if they take it for more than half a month to qualify for that month's payment. one person one month getting the child tax credit for that child and the next the

different person taking credit for the same child. the irs under this proposal would be in charge of settling disputes were two adults cash in on the same child in the same month. the irs would be turned into a family court. stuart: unbelievable, i want to bring in the wall street journal's kim stressful, this is part of this $3 trillion massive social spending bill. my question is, is that $3 trillion popular with swing voters, the people who put president biden in office in the first place? >> we don't actually know. they have been pushing it through so fast no one understands what is in the bill or how these provisions will work or the consequences of them. that is one of the mistakes

that is going on here. it took many years to put together the new deal, the great society packages. a lot of debate, or you tell someone you are going to get free childcare, that might sound good but what are the downsides, is there inflation, will it be harder to find quality care. before you rush them through, nobody has done that. stuart: have you ever seen a government entitlement program that was taken away? i ask because this $3.5 trillion deal introduces several new entitlement and i believe once we get any of them you will never get rid of them. are we right? >> absolutely correct. i've never seen one. and more portly democrats have never seen one and that is their operating procedure. if you look at everything they

have done, the negotiations, one thing is constant, no programs are going away. they are cutting some of them back, and to make the numbers work, they work every single one. down the road it is difficult, for the republican congress, taking a universal pre-k. making sure these programs go to the affluent because they want everyone hooked on these programs, not just the working poor. stuart: talk to me about virginia, a state president biden won in a landslide in 2020 but less then a year later the governor's race in virginia is not quite neck but close. does that suggest democrats should be taking a warning about 2022? >> you bet because it shouldn't

be close, people talked about how virginia is a bellwether, often a check on who is in government but the state is also changed a lot in recent years, donald trump lost it by 10 points. most people no longer think of virginia as a swing state yet here we are. a couple things going on. one is washington, the president's following approval ratings and the backlash against his sweeping agenda. 2, you have a good republican candidate, glenn youngkin who is running a race is what people are worried about, cost-of-living, education, crime, these are democratic liabilities as well. stuart: don't be a stranger to us. now this. in a few hours members of congress take the field at nationals park for their annual charity baseball game. carly shimkus is there. it is hell week in dc. is a game going to be friendly?

>> to be determined lose this congressional baseball game dates back to 1909 but it is happening at an interesting time because this is one of the most hostile and busiest weeks on capitol hill with lawmakers fighting over spending in the budget, trillions of dollars in spending but at 7:05 lawmakers will try to put political partisanship aside to get out on the diamond and there will be a crowd of people watching this game, 15 to 20,000 people raising over $1 million for charity and lawmakers are extra excited to play ball this year because the game was canceled last year because of the pandemic and this event took on a whole new meeting on june 14th, 2017, when a gunman opened fire at the republican

congressional baseball practice shooting several people including congressman steve scalise who i spoke to earlier this morning. >> i had a different perspective, god performed miracles that day and i am lucky to be alive so i cherish every day like this. come out on the big league ballpark, it is the experience. >> as the game republicans and democrats have been practicing since april. democrats won 10 of the last 11 games but if you want to catch the action today you can watch it on fox nation streaming live starting at 7:0 five eastern time. stuart: there is this too. lebron james reveals he is vaccinated. he will not tell other people to get the jab. we are covering that. treasury secretary janet yellen has a grave warning for congress.

>> to increase the debt limit would have catastrophic economic consequences. stuart: senator mike ron disagrees, saying there is no need to raise the debt ceiling. senator ron next. ♪♪ i know the end it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network.

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stuart: rebound is losing steam, the nasdaq is down 2.3%, the dow is down 560, we only back 170. i don't call that much of a rebound. susan is here to talk about one dollar and $0.50. lauren: the reason it is outperforming is they are increasing stock buyback to $2 billion but they are selling items above one dollar so think one dollar and $0.25 and one dollar and $0.50 which inflation, supply chain snacks entire cost of labor. stuart: the spectacle people. >> glasses, we are expecting the first trade at some point in their direct listing on the

stock exchange, $40 apiece to which values, the spectaclesmaker, $5 billion but direct listings takes a long time and we learn these types of openings take a wild. stuart: we are waiting and waiting and waiting any day now. tech rebound. >> the nasdaq has come down. whether it yields flat or down for the first time in 6 sessions yesterday we saw $315 billion worth of market wiping off the 7 biggest tech firms and i include the names on the screen. stuart: a rebound to be proud of. >> with we get that debt ceiling crossed. stuart: another rarity is the retail investor. >> the amc, the game stock but guess what other names are in there. lucid motor and tesla, lucid is

on track to hit those 2022-23 output targets and tesla with elon musk, some people see him as the coming of the next messiah on stocks at least and when he speaks people listen. stuart: that is going a little far. >> i don't think so. stuart: let's not say messiah in the same sentences elon musk but don't worry about it. i will move on. speaker pelosi slamming members of congress who won't vote on the debt ceiling. watch this. >> why get added members, the arms of moderates? >> what are you talking about? we have a responsibility to uphold full faith and credit of

the united states of america. that is what we have to do. these members that all voted for this last week, i have no patience for people. stuart: very interesting come no patience, the gentleman on the right-hand side of the screen, ladies and gentlemen, the honorable senator from the great state of indiana mike braun, a republican. i am sure you heard that, that sounds to me like desperation. >> talking about the nat stadium and the ballgame, a lot of balls being up in the air this evening. she has done that here. the spending spree bill for reconciliation and this is the first time i witnessed she is in a real pickle, to get the hard infrastructure bill voted on first, and they never do it. debt ceiling is interesting. i vote against raising it every time it comes up because i want to talk about reforming a broken system.

we haven't done budgets here in 20 years that we have adhered to. we shrug off trillion dollar deficits. imagine running your show if you were losing $0.23 on every dollar. my business, we would be out on the street. that is the way the federal government works. in this case she is correct, republicans and democrats have full blame of bringing us into the range of $26 billion in debt. with the rescue bill, the four they have to eat up is above and beyond anything else we have seen. turning this country, asking us to be part of it. it is supercritical, but this is a baseline our annual deficits another half trillion,

those are soft, only a few will materialize, mostly borrowing more money like we've done for years with no budgets. the biggest business in the world run by the seat of its pants. stuart: only 20 seconds, i don't think they will get $3.5 trillion. what say you? >> i don't think so either. that is another part of the bad business plan. manchin and cinema will vote that down. that is major egg on the face of schumer, biden and pelosi because she runs the show out there on the other side of the aisle. she will get something done in my opinion. stuart: we will see what happens. senator baran, thanks for being here. the drug enforcement administration is listing the help of social media sites. good morning. what are they asking for. ashley: that are health,

clarity and oversight on social media platforms according to angry parent groups, buying drugs through social media they say as easy as ordering pizza. the dea is awarding the increase of fake pills brought online that include fentanyl. a synthetic opioid that can be fatal in small doses. more than 93,000 people died of drug overdoses in the us last year. that is up 30% from the year before. the dea called out snapchat and tick-tock in particular for not doing more to combat drug sales to teenagers and young adults. the companies say they hired extra moderators but are using sophisticated algorithms to weed out the drug pushers but prescription and other drugs can still very easily be found for sale. stuart: youtube says it will remove videos that spread misinformation about all vaccines including videos the claim any approved vaccine is dangerous. causes chronic health defects

or does not reduce spread of disease. on youtube those are gone. the bachelor just name the replacement for host chris harrison, the new guys a former football star. we will tell you who he is shortly. the governor of indiana is being sued by a group of vaguely parents who want to end to covid rules at school which they say are helping -- forcing healthy kids into quarantine. we talked to one of those parents after this. ♪♪ no ♪♪ we are not going to take it ♪♪ we are not going to take it anymore ♪♪ flexshares etfs are built with advanced modeling.

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have reached the breaking.suing the governor over his covid rules for kids in school. one of those parents is mike bell who joined me now. what you object to i believe is the quarantine rules. you think they are too strict. spell it out for me. >> thank you for having me. essentially what we are hoping to bring here is a lessening of quarantine healthy children, kids everywhere are being impacted by this. their rights are being trampled on in defense of our children. stuart: it is difficult, if one child tests positive, all those around the child have to go immediately into quarantine. do you have children, when they can't go to school. >> that is what we are trying to bring attention to.

these are healthy children, these are not sick and are being restricted, things children -- >> the quarantine rules and that is it. >> the complaint is lengthy in nature, there are 9 counts to it, we are not going to dive into that because it would take too much time. when they boil this down, this is about two things in my opinion, children and freedom. stuart: we wish you the best of luck. thanks for joining us.

this is a related story. this is the story from new york city, how difficult the rules all for kids going to class. we found one school where students cannot talk during lunch and the class needs to alternate lunchtimes which half of the class reads while the other class seats and vice versa. no talking. and wearing a mask. another company that is pushing back their return to the office. when are they coming back? ashley: let's get to wells fargo. the employees will go back to the office in january, the second time the bank would delay its return to office plans. earlier plans were postponed because increased risk from the delta variant. the bank says its operation and

contacts start returning to the office over several weeks beginning january 10th followed by employees and business support and enterprise functions return during the first quarter next year. according to a memo wells is offering eligible employees up to an additional four hours of paid time away to get the covid 19 booster shot. very cautious indeed. stuart: what is the vatican's announcement about the vaccine? what are they saying? ashley: the message is straightforward. or submit to regular coronavirus testing beginning this friday. no exemptions and those without proof of vaccination or negative test will be continued, quote, unjustly absent and won't be paid. pope francis was vaccinated in january and roman catholics get the shots calling in a moral duty.

earlier this month the pope said he didn't understand why some higher-upss in the church new don't want the vaccine saying humanity has history of friendship with vaccines. stuart: i will leave it right there. show me the dow 30. it is supposed to be rebounds day, not that great a rebound, 2 thirds of the dow 30 are up, one third down. watch as a student conference vice president harris about his real. role tape. >> it hurts my heart because as an ethnic genocide. stuart: ethnic genocide, israel accused of being ethnic genocide and harris, just rubs along. joke on the will have something dramatic to say about that next.

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stuart: vice president harris was taking questions at george mason university when a student accused israel of genocide.

>> backing his real which hurts my head because ethnic genocide -- >> your perspective, your experience, your truth cannot be suppressed and it must be heard. stuart: your truth is not be suppressed, it must be heard. this gentleman is joe concha and i want to know what he makes of this. >> i would love to see a halfway decent reporter ask the vice president after that exchange why are you supporting rhetoric that is anti-semitic falsehood. that student literally said israel was committing genocide and it is like when you go to yankee stadium on derek jeter night and they gave you the bobble head, nodding along, don't think she was absorbing what was being said in the situation but this vice president has not held a press conference since she took office. you will find brian laundrie before you find her in front of microphones at a press conference. there is no account ability, we don't know and can't ask why we you agreeing with such sentiment.

stuart: i don't know how they keep that together, you have anti-semites with people in the same party who support israel and its right to exist. >> and numbers support that. iron dome protect civilians, women and children and rockets from hamas and some members of the democratic party funding for that, how do you keep the party together? you pass this infrastructure bill, all $5.5 trillion of it but more and more looks like that's not going to happen. of that doesn't happen tell me where the big win will come for president biden, kamala harris and the democratic party in general, they are post if they don't pass it. stuart: the $3 trillion, you don't think it passes. >> pelosi detached the two bills, actual infrastructure, if she attaches that and goes to a vote progressives will think that vote, unless the whole thing is presented as one bill that it can't pass and presented as one bill, then

manchin and cinema will vote against it anyway in the senate. i don't see the path to get this forward. stuart: stick around for the trivia question. and a day after kareem abdul-jabbar sounded off on an vaccinated basketball players lebron james is joining the conversation. ashley: the lakers superstar says his decision to get the vaccine was based on people closest to him. he said i was skipped at first but after doing some research decided it was the best option for himself, his family and his friends but he says he won't try to convince other people to get the vaccine, james says everyone has their own choice to do what is right for themselves and he shouldn't get involved in what people should do with their bodies and their livelihoods. the lakers say they expect the entire team roster will be fully vaccinated by the start of the season which is october 19th.

stuart: i have another sports related one for you. the bachelor, former football player. ashley: the most important story of the day, jesse palmer, former nfl quarterback will be handing out the roses as the new host of the bachelor. he appeared in the series in 2004 as the bachelor and takes over for longtime host chris harrison who was dropped from the franchise following backlash, with past racist behavior. palmer who is 42 years old from canada has never been married, says he is humbled for the opportunity to return to the show as host. stuart: manny paccho is done with fighting.

ashley: a video posted on facebook and twitter, pac-man thanked fans everywhere before officially ending his 26 year boxing career that earned him world titles in eight different divisions. that is a feat that no one else has matched yet. he will now get into the political ring and focus on a run for the presidency of the philippines. he's already a senator in his home country. he began life as a ship stowaway boxing on the streets for $2 a fight. his net worth now estimated at $63 million. the kid did well. stuart: he is living the dream. here we go with the wednesday trivia question. how much does hair grow in a year on average, joe concha will guess at the answer. how many inches in a year on average does hair grow? haven't a clue but will give you the answer in a moment.

i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] . .

stuart: the question, how much hair, how much does hair grow in a year on average measured in inches? ashley, what is your guess? >> mine grows six inches a month, six feet a year which isn't on the board. i go with six inches. stuart: i'm jealous. what do you have, joe concha? >> based on struggles i've been having lately i thought two inches is the answer. that is all mine grows for the year. my guess is 12 inches? stuart: my guess is six inches.

i think i'm right. i tell you why i guessed correctly. during the pandemic when you couldn't go out, couldn't get a haircut, my hair grew half-inch in one month. i'm average. i'm a very average guy. mine grows six inches in a year. >> your hair looks good for a 45-year-old. stuart: flattery is the mother's milk of television, concha, you're all right. time's up for me, neil. it is yours. neil: six inches? stuart: yep. neil: that makes sense i guess. i just add six inches of paint and away we go. thank you, stuart, very, very much. we're focused on what you've been focused on the last couple hours the dow trying to make a comeback after yesterday's rout. this seems to be a pattern, after a big hit make up for it next day. that doesn't always work. 600 point drubbing it was flat after that. came back roaring in the days