we are on the doorstep of third-quarter earnings. i suspect supply shortages will be your headline for earnings. we will see profit disappointment. dagen: double thumbs up on that. >> i agree on that. we will hear more earnings calls that blame supply chain issues. maria: that could be declines and upsets for the quarterly reporting season. "varney and company" begins right now. take it away. stuart: this is the big day in washington. we want to bring some clarity in this. here is the news. no government shutdown. senator schumer says there is a deal to keep the government running, they will vote today. the progressives are preparing to vote no on the $1 trillion infrastructure bill. there is supposedly a vote on that today, democrats don't have the votes to pass it. the $3.5 trillion social spending package is in trouble

too. senator manchin called it fiscal insanity. despite endless meetings in the white house the president failed to bring the warring factions together. the 1 trillion, and the $3.5 trillion deals lack the votes for passage. both may fail. a wait and see attitude, futures got a bounce when senator schumer announced the deal to get the government running, now looking at more modest gains. the dow up 90, the s&p up 13, 60 point gain for the nasdaq. interest rates where they were this year. one.53% on the 10 year treasury and the same with the cryptos. we are looking at $43 a coin up $4,000. i'm going to change the subject.

we will introduce you to an apps that connects you to people who would do your laundry, come to your house, take it away, wash it in their own home for one dollar a pound and bring back to you, it is like uber for laundry. thursday september 30th, 2021. "varney and company" is about to begin. stuart: a picture of capitol hill. i sense a lot of frustration, this brinkmanship in dc gets annoying in the long run but

when you are talking trillions of dollars to be spent on socialism you have to figure out what is going to happen and bring in will kane. the way i see it both of these bills are in serious doubt. what is your read? >> appears to be your right. it is surprising because it resists the national force in washington dc which is when you grow take advantage of your opportunity to grow, the $3.5 trillion bill running into problems because there are some moderate democrats in the senate is no surprise, something they would have to work out among themselves but the progressives holding $1.2 trillion infrastructure bill hostage and threatening it to your point that is the surprising thing because it resists the natural force of washington dc grow even if incrementally but threatens to sacrifice the opportunity to grow the government by

$1.2 trillion. stuart: they want it all, this is their last chance. if they don't get it now they won't get it in the future so they have almost got to stand firm? will a stand firm at the end of the day? if they upset this $1 trillion deal that party is split totally. >> totally split. you are alluding to it, they will lose power in 2022. they are not going to have this opportunity to get a bite of the apple again. all i can do is revert to history and the way it usually works, nancy pelosi could break enough arms to get the progressives to go along the infrastructure bill, intimately played itself out, hostage for

climate bill, that is not what normally would happen. 32 years to get it. you would think president biden would have an influential outcome, he has not been influential at all. to get them in line to get what they can get. stuart: i'm not discounting the possibility they will have something, pick a number in the middle and go after it but that is unlikely. stuart: at the moment i am leaning towards nothing. so is lauren simonetti leaning towards nothing but we are not certain about it by any means and you could get a last-minute deal for $2 trillion deal if that is what it takes. >> if you and lauren are right

it doesn't just represent a fraction of the democratic party is split, it would represent a takeover, the idea that nancy pelosi, lead democrats no longer control the party but it is officially controlled by the far radical winks of that party. they control the agenda. stuart: time will tell. you are not supposed to say that in television on the news business but it is true, only time will tell. let's look at the market reaction. early this morning when we heard news the government was going to shut down the schumer:it spiked nicely up, 200 points on the dow. we've come back down again to a modest gain, 70 for the dow, 40 for the nasdaq. let me pose some questions. if the one and the $3 trillion

deals are rejected we got nothing, what happens to the market? >> that would be a downer, i have to agree with you. the market at one point, that would be a little bit of a downer, short-term downer, just go back and repackage them again. not the end of the world but would be a short-term hit. stuart: i don't want either bill to pass, i just want the economy to surge but let's suppose we don't get the $3 trillion but we did get the $1.2 trillion, the market would like that. >> it satisfies a lot of needs. you are waiting for the economy to be sustainable.

they are not so patient. i love your thought that he is the one.2, you don't get the 3. trillion, the markets go big thumbs up. stuart: let's turn away from hell we can look at the big picture on the market. we had a dip, did you buy the dip and if so what did you buy? >> about the dip, one of the stocks about broad on, the broader market. the nasdaq into my personal accounts, every time we get these small dips. a lot of people are going crazy, but it is a time to buy, not yet time to abandon that strategy. stuart: you are a long-term

bull. >> and intermediate-term pool but we've got to watch out what is happening with supply chains, what they are going to do to respond to that. with all the money out there even if we don't keep adding as much, it will lift all ships. stuart: rising tide of money from the fed lifts all boats. dr was talking about inflation. they said it was frustrating. did he say when he expects inflation to moderate down. >> the bottlenecks, supply chain problems getting a little

bit worse into next year. it holds up longer than we thought. stuart: into next year. >> the question is before it gets better, nike, costco, fedex all warned ahead of the holidays increasing prices, before your profit forecast from higher prices. the demand destruction, you can't pay those prices it has gotten too expensive, they are pressuring their margins. stuart: that was a pretty poor report and talking about problems with supply chain and stock is down 12%. you could have this sort of supply chain problem about to come out. that is a negative, if you go

with supply chain problems for a long time negative for the market. >> showing up on the balance in the free market. this is one company but weird for many companies echoing the same problem, when it can keep up to demand, they were crushed enough, for every aspect of our lives. stuart: look at overall free-market futures, all in the green but not by much. one former obama official says she doesn't care how you feel about vaccine mandates. even if you are a cop at risk of losing your pension. >> the unvaccinated listening to this false news basically just needed a push, a nudge, something taken away from them and then they way that faulty information against the desire for job or in police, the

desire to keep their pension. stuart: if you don't get vaccinated and you are a cop, the lady is okay that. it is urgent that pregnant women should get vaccinated. doctor bob is here to tell us why. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.

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degrees. then you have astrazeneca looking for us approval for covid vaccine. how effective is their jab? >> 74% effective and almost 84% 65 and older, a 2 dose regimen, you get the shot one month apart but unlike pfizer and moderna, technology more similar to johnson & johnson, not the us at least not yet, they are hoping for full approval by the end of the year but you can make the argument their too late to the game. of vaccines show higher efficacy. which i'm sure they will. they issued an urgent warning if you are pregnant, get the

covid vaccine. they are saying more than 160 expectant mothers have died from covid, get out and get vaccinated. doctor, do you think pregnant women should get the jab? >> absolutely. the high number died in august. a pregnant woman had 70% increased chance of dying after being infected with covid, 90% of those who were pregnant were unvaccinated. if you were planning to be pregnant or you are breast-feeding you should be vaccinated. stuart: many women in that situation would be worried about the impact of the vaccine on their unborn child. >> it is a false worry. early in the pandemic you might remember women were concerned

about infertility issues but the antibody carried into the phoenix, the fee is dependent on the mother's immune system, the baby is protected four to six months after birth so it is a good thing it is not a bad thing. it does not have the reaction on the pregnant women. stuart: let's 0 in on new york city. they are worried we've got a vaccine mandate in new york, some people are walking away from their jobs or forced out of their jobs because of this vaccine mandate. do you think the vaccine should be mandated? >> the public has a right to refuse to reject what is injected into them but police officers, fire department people, nurses and doctors should have a mandate of the vaccine because they are in close contact with infected people every hour of the day so

it is unfathomable to imagine healthcare workers would not be vaccinated. stuart: even though we run into serious staffing shortages in hospitals with nurses because of the mandate you would still say that? >> i agree if you are working in healthcare facility we mandate in our hospital the flu vaccine in addition to the covid vaccine and mandating the booster for those employees who are over 65. it is very important. stuart: bite the bullet and do it. thanks for being here, thanks very much. 65% of san diego police officers said they would rather quit then comply with the vaccine mandate. a former obama official says she thinks she has the answer to make them comply. what is her answer? >> make them lose her pension.

>> the reason mandates, people become more comfortable with mandates is the unvaccinated listening to this false move needed a push to be taken away from them and they weighed the faulty information against the desire to keep their job or in the case of keeping their pension. you do all the things the vaccinated do or you don't. >> a former obama dhs official doubling down on twitter. if they quit they lose their pension and they aren't likely to get hired by the sector that is requiring that scene with massive exodus in light of vaccination rules are rubbish and call their bluff. within the city police department, there is a low vaccination rate in new york city. stuart: if you end up with a large number of minorities

losing their jobs you got a political problem. you lose votes but that the political problem. one group of people suffers more than anybody else because of the mandate. >> it is unpopular to be a cop right now and to be a border patrol agent and those are two groups of federal officials resisting vaccination, if they quit what happens to controlling the border keeping americans safe? stuart: the nba says if you don't get vaccinated you don't get paid. >> the league is not mandating, if you are unvaccinated you are not paid if you miss a game because of the local mandate like in new york city or san francisco. kai re-irving is not vaccinated. he could miss all of the home game so long as the in the

mandate is in place. that costs him and his team. >> very eloquent in his messaging. i'm sure there is a way to find out but there won't be a grand announcement. stuart: check the markets again. it is thursday morning up 60 for the dow, 50 for the nasdaq. ♪♪

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stuart: futures suggest a modest gain at the opening game, gary, some questions for you. if the $3 trillion package fails does the market go up? >> if you believe leaving the economy alone keeping $3 trillion in the economy that creates jobs and wealth and

profits, a, of human infrastructure the markets would be happy about it long-term and the hope is i don't mind doing infrastructure president biden who is part of the obama biden, $800 billion stimulus, shovel ready jobs and we know what got shoveled so trust is quite low. stuart: the market likes it. the next question, the $3.5 trillion deal neither of them go through, both fail, does the market go up then?

>> i would not mind the smaller bill if it is going towards the things we need and not the social spending giveaways and lies, don't worry, it will be paid for the wealthy which is not true. less spending, more of the economy is good. the hope is cooler heads prevail, i am for balanced budget. i'm a dinosaur because that left the building many years ago. more efficient and effective government left the building years ago but anything better than what we have now would be a good thing. stuart: you imagine it goes up by the end of the year. >> as of right now, moshe is

bad, they broke support, it was not good news and hoping to see the change in the coming weeks and we have earnings -- >>, she market. a couple seconds and we are up and running, 9:30 thursday morning. we are up 117 points, a sea of green on the left-hand side. gains are not huge but 28 of the dow 30 are green in the first few seconds of trading for the dow is up 133. the s&p up on the upside, the nasdaq composite, where is that? it is been under pressure recently. it is up a solid half of one%.

>> we are at the end of the third quarter seeing these declines for the sixth straight quarter of gains. stuart: did we see big tech right from the start, 40 seconds of business and all in the green, the gains are not huge. big tech as we start trading, look at bed, bath, and beyond, 27%. they've got a supply chain problem. >> at a traffic problem too because they said the foot traffic has dropped off in august, you can blame the delta variance bread for that, florida, texas, california, the biggest business has been shut. the supply chain problems and bed, bath and beyond cutting proper guidance for the rest of

this year and not looking great so far. how about the discounts. stuart: in all seriousness. in all seriousness, supply chain problems hurting these companies that is going to pop up in the earnings report the next few weeks. it is negative. >> i would say the traffic concerns are what i am concerned with right now. stuart: i've used carmax, i like their service and they are down. >> have you body used car? >> yes. >> the reason carmax is down is hard to compare to a booming car market and that what is what we have seen the last 18 months. you saw the past just jump is queen elizabeth correlated in 1953. that is why carmax can't make as much money as a year ago.

check the date. stuart: don't worry about it. they will get back into space. >> in mid-october, mid-october launch with the italian air force could go ahead and the fda, they were looking at the july 11th mishap. you watch that live televised with branson on board. apparently triggered a very serious issue inside with an alarm bell going off, we will look into this before you start with passengers. stuart: if it was your first time in space you would have that. >> to the edge of space.

stuart: tesla, the sound serious to me, there is a setback in china. >> the reason we are turning it, $900 with record highs and given the china has not only helped in the car market but it is a big deal, big win for elon musk. to the was ordered to pay a quarter of $1 million in damages after this case where tesla misrepresented a car online but this is a bad thing for tesla in china because the chinese electric catching up and elon musk trying to maintain his brand twice praising sign and online forums the past month, they need shanghai to make up for different exports. stuart: tesla and china and

elon musk gets your hair away from your make. >> which you never have problems with. you will tell me about tv. you start a sports book. and gamble through them. >> you have to praise you for spotting the trend ahead of the curve because you were telling me you were watching your soccer games on google tv, business is booming. online sports betting book will start mobile and online in the last few months of this year and teaming up to stream those payments, 700,000 subscribers, 900,000 by the end of this year and stuart varney - stuart: i just watched it for free.

>> you saw the trend. stuart: snowflake macleod people got an upgrade. >> it is worth 350,$000, and a cloud warehouser and supposed to win. stuart: explain what the snowflake do. >> a lot of data in this world helps you organize it so you can use it to compute and analyze your next big sales pitch. it is a big deal to organize a lot of big data since we know there's tons of it for amazon and apples of the world. stuart: now i know. good stuff. let's look at the dow winners. i'm ask you to read them. >> that is a pretty big game since they've been bullish on the stocks. wants to move on to s&p? apple is up there as well.

i am not sure, i don't know every stock out there. stuart: top of the line. >> the chip dominating the uptrend we have seen. stuart: 6 or 7 minutes into the trading session the big board shows a modest gain, 65 points higher, the level xxxiv,cdlv, 10 year treasury yield of 154, the price of gold, 1741 per ounce. bitcoin last time we checked was 43 grand, oil down recently and down $73 a barrel, natural gas an important indicator back at 5:52, close to the 7 year high, 6 bucks recently. i always say that is a point to

inflation. >> especially in the winter months. can't chop down would like you can. coming up, funding the government and defaulting on the national debt, serious business but the white house says getting it done is more like a tv show. >> like an episode of a tv show, i'm not in a position to look in a crystal ball here. may be the west wing. stuart: former white house press secretary kayleigh mcenany takes that on on our program. the afghan debacle far from over. 100 and were evacuated up charter jet just this week. we have details on that. the global chip shortage hitting everything from cars

and iphones, my next guest is buying chipmakers right now. i will ask him after this. ♪♪ i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time.

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stuart: that dow is up two, s&p up 11, nasdaq up 79. not that much it is wait and see what happens in washington. chipmakers on screen because as we know there is a chip shortage globally. greg smith is with us and is buying one particular chip stock and that is in the -- in the semiconductor. what is so great about it? >> the entire auto industry has been upended in the last 18

months, consumers struggling to find a car at any reasonable price. it is going to get shorted out, the chip shortage in the next year or by the end of next year. today cars are getting smarter, the holy grail of the auto industry is they are moving towards the incredible vehicle. it is an unknown stock that went public this summer and they are playing into this trend. they produced four chipsets they sell 2 oh ems and supply 12 of the leading oems in the world. they are making them smarter and there is a greater than 70% came.

stuart: you went to the big show in dallas, texas, and auto show but a technology auto show. what is your main headline out of that conference? >> i attended the sun valley conference on auto tech and had the privilege of staying with president bush, ernie garcia and other industry leaders talking about auto tech but they are making record profits, these dealers and their focus, they would love to see the oems, even in the supply constrained market prices are high, they are tight as you talked about, we are seeing record prices. member when you would buy a new car and drive it off the lot, by virtue of 10%, that's no longer the case, we saw used car prices appreciate 3.6% in september.

supply is tight but that won't happen because when chips return the oems crank up production and that will flood the market with inventory and dealers profits intern will be depressed. stuart: it is $11. >> it is going to double in the next year. into connectivity, safety sensors and moving towards the uncrackable vehicle. stuart: it goes to $22 within a year. we will see you again soon. i will check on parker who made their public debut yesterday down this morning but how do they do on day one? >> 36% to close a little bit above that 5449. you in the company at $6.8 billion they are unprofitable but they have a

solid consumer business. you can too much of an online and they have a mission. they donate to people who need them. and investors buy into that potential. stuart: my grandchildren enjoy the trip to accessories. >> i tried to walk past that with my daughter in the mall. four years after scrapping their initial plan. the buzz, suite 60s and all that again going out. they are unprofitable. another unprofitable company. stuart: very much favored. the gym people lifetime group, they want to raise $4.2 billion. sounds like a lot of money. stuart: in a risky time. so many people during the

pandemic take the workout routines home with them. are we expected to go back to the gym? i will say yes. the people are fed up and want to get out and about. they have child care, they have juice bars. stuart: do you want to go to a gym and workout? >> so i can flex my muscles in the public. it depends on what location. stuart: let's see if they get it. watching a president at a party scrambled to dublin. it is the fault of the new democrat party. i will explain in my take at the top of the 10:00 hour. drones used for everything from medical supplies to surveilling our enemies. what about using drones in space, on mars for example? teal jones joins us after this.

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stuart: you heard it on this program many times, the global

chip shortage affected everything from cars to iphones and everything else but what about drones? the ceo and founder of teal drones joins us now. you are doing well as a company. we kept in touch with you. your stock has gone up specifically, you're not affected by the chip shortage? >> good to be with you again. last time i was on teal announced golden eagle, one of the only american-made drones and also announced we were being acquired by a nasdaq company with a focus on drones. today i'm excited to say the acquisition is complete and we are scaling the team and production volumes and talk about the supply chain a little bit and our sister company breaks the remote piloting technology and was awarded a 5-year contract with nasa and selling drones too.

stuart: if i buy into redcap holdings, that is a pure play in drones and building on your work as a drone guy. one more question. what -- are you building artificial intelligence into your drones and if so, what does artificial intelligence do for your drones? >> great question. even today this country needs drones more than ever to solve problems that have traditionally, ai comes solve a lot of them. as one of the only american drone companies approved by the us government and able to fulfill a lot of these cases coming out of initiatives like the infrastructure bill we will capitalize on the upper trinity with no competition. stuart: you want the big spending bill to go through because you will benefit. >> absolutely.

our drones are being used for because and applications for war fighters, public safety, state and local agencies and big infrastructure inspections which we think will grow significant after that big bill. before this my team told me to be careful what i say but we are looking at credible products that will make drones way better and able to integrate seamlessly into the everyday work environment. stuart: throw caution to the wind and excite me by telling me what new product are you working on that is particularly attractive. tell me what you can. >> stay tuned, the focus is on golden eagle and given how the market has shaped in the past few years i think it is positioned extremely well. the american dream exists and i will do the best i can to prove that. stuart: by the way, since you started this interview to a

half minute ago your stock has gone up. now you're up 7%. if i have everything to do with it, okay. we've got to go but george mattis, teal drones are redcap holdings, thanks for being with us. check the markets again. a better gain for the dow up 90 and the nasdaq doing well up 112. still ahead, senator rob portman of ohio will report on hell week in congress. congressman greg steube hit a homerun in the congressional baseball game last night, brian kemp talking about the vaccine mandate and kayleigh mcenany commenting on the performance of the white house recently. "varney and company" the second our next. ♪♪ ♪♪ anything you need ♪♪ you've got it ♪♪ anything at all ♪♪ you've got it is worth.

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♪. stuart: tina turner. wow. i didn't guess. i could not guess that. okay. good morning, everyone, it is 10:00 eastern. let's get street to the money because that is what this show is all about. the dow is up 23. that is virtually nothing. s&p, 13, same story. nasdaq, nice rebound there, 90 point gain. where is the 10-year treasury yield this morning. gone up a little bit.

1.53%. we've been around this level most of the week. big tech i presume it is rebounding. if nasdaq is dog well, big tech is doing well. microsoft, face back, apple, amazon, all on the upside but that is not a huge rebound by any number. look, it is 10:00 eastern. it is thursday. that mean it is mortgage rate time. i bet mortgage rates have gone up. lauren: above 3%. 3.01%. they're tracking the 10-year which is at the highest level sense june. freddie mac says rates continue to go up, that, good news that could bring home prices down a little bit. that is what they're forecasting. stuart: i'm not so sure about that. lauren: home prices up in july 20% for the year. stuart: i just don't see it. >> the demand and the labor shortage and material shortage. freddie mac is saying they expect prices to moderate if not decline slightly. stuart: 3% -- lauren: historically low. stuart: on a 30-year fixed rate

low, 3% is historically very low. >> i agree. stuart: get on the program here, lauren. lauren: i remember when i was shopping for a house, my dad would always say the same thing. rates are low. that's why prices are high. when i bought my home back in 1980, rates were this high but prices were this low. there is some sort of are can correlation. i think we might be slowly getting back to it. stuart: fine explanation. everybody you heard that. now this. we're watching a test of strength for the new democrat party. i say new because this is not your father's party, now, is it. it is bernie sanders's party. it is aoc's party. it has gone way out there to the left. now it crunch time. there is supposed to be a vote today on the one trillion dollar hard infrastructure bill, roads, bridges. it has got support from republicans and democrats alike but the left says no.

jamila jayapal leads the progressive caucus. last night she repeated absolutely vote no position. infrastructure may go down in defeat because of the power of the far left. what the progressives want the 3 1/2 trillion dollar deal. that too seems knob real trouble. last night senator manchin called it fiscal insanity. he went on. i cannot, will not support trillions in spending all or nothing approach that ignores the brutal fiscal situation our nation faces end quote. that is a strong no on 3 1/2 trillion. the democrats cannot afford a single no vote. so at this point both the one and the 3 1/2 trillion dollar deals, look very sheikhky. it is the left's fault, that is my opinion. it is the left's fault. if they had not pushed for the whole enchilada, free democrats plan and climate spending thrown in. no they had to have it all. so they split the party and they

have badly damaged the president's agenda. such is the power of the socialists in the new democrat party. we're going to watch this hour by hour. we're watching a president at a party scrambling to govern. second hour of "varney" just getting started. ♪. stuart: all right. let's get more on senator joe manchin. he says the 3 1/2 trillion dollar spending plan is the definition of fiscal insanity. our guest has a large smile on his face because he thoroughly approve what is mr. manchin said, had to say. brian brenberg is with us. hold on a second. >> yeah. stuart: i know you will take me on this. >> all right. stuart: i'm saying that the one trillion dollar deal and the 3 1/2 trillion dollar deal are both in trouble and i'll very happy about that what say you? >> i'm happy about it too. i think you misplaced blame

here. you blamed the left completely for this. we knew what they were going to do, stuart. the problem lays with the president in june when he threw his centrists under the bus and we're linking the bills together. he didn't have the guts to stand up to the left, set the agenda for the president and he might get nothing as a result. stuart: i don't think they will get either. >> i don't think either. stuart: do you agree with that? >> i agree with that. the president had a leadership opportunity in june he could have said folks we're going with this bipartisan deal. that is what we can get done. i'm the moderate. i can get things done. he didn't have the guts to do that. he didn't lead. he gave that man tell to bernie sanders. now he is getting exactly what he sewed. stuart: does the economy need another couple trillion dollars worth of spending, whatever form the spend being takes, does the economy need it. >> can we do road the and bridges for quarter of a trillion dollars, stuart?

yes, that would be absolutely fine for the economy. no, the economy overheating where people are watching prices rise does not need hundreds of billions or trillions of dollars of new spending. we have got the wrong prescription for what ails us. the best thing that could happen here is all of this falls apart and we start to reckon with our real situation which is prices on the move and we've got to do something about that. stuart: if we do get something, some kind of a compromise down the road, just suppose, two trillion, what does that do to the economy, inflation? >> it raises prices, yes. it raises prices and solves none of our underlying problems. stuart, two trillion doesn't help us. if that is where we get with manchin, manchin has failed the american people. i think he is giving himself that out, that is the wrong out for america. stuart: dramatic stuff, isn't it? atmosphere in washington, d.c., at this moment must be absolutely paranoid in various

place. >> it is always paranoid. it is always crazy and it is always detached. that's the problem. stuart: brian, good stuff, thank you, sir, see you later. natural gas at a very sharp decline in price. the sharpest decline in price yesterday since january. price is up 50% for the quarter. we've recovered a little ground this morning. 5 piv 52 on nat-gas. david bahnsen wants to talk about this in nat-gas, a big spike. who gets the blame? >> he will with the blame lies with those that are hurting the production side. we haven't had a price spike because of monetary inflation anymore than when natural gas went from 15 to 1 nobody considered that to be radical deflation. it is a matter of supply and demand. that is how commodities work. we have the ability in america to meet the demand with our supply. we have the ability in america

to meet global demand with our domestic supply and we're not doing it. the production side is what is cause you prices to go up at the same time that the demand is growing substantially in europe, asia and it is going to be growing here in the united states as well go into the winter season. stuart: do we have a price inflation problem if we get a cold winter? i presume your answer is yes, we do? >> well i consider it to be a problem. i don't think there is any reason that we have to be experiencing five, six, seven dollar natural gas but some apparently don't consider it to be a problem. they think by actually curtailing production of the cleanest fossil fuel, that is the most responsible for electricity production, that is the most effective at meeting cooling demand, heating demand and so many other aspects of the energy needs of our country and our globe. the other alternatives are

actors in russia meeting european demand. okay? this whole thing makes no sense geopolitically but also doesn't make sense environmentally. that is the thing, when i come here to talk about the need for fossil fuels it is not because i'm a climate denier, because we're getting lower carbon emissions from the cleaner fuel that is natural gas. we have the ability to export it out of liquified natural gas terminals to europe, to asia, at a big profit margin, that is a big tax revenue. it is organic wealth creation. so every box that different people want to check, growth in the economy, new jobs, blue-collar jobs, environmental benefits, the trade deficit, everything people talk about natural gas can help meet. we're sitting here curtailing production. it is like i live in the fantasyland. i don't understand it. stuart: i just got 20 seconds, sorry i'm tight on time. give me one stock to buy that cashes in on natural gas price

rises? >> i talked to you on the show about it before, umi is the ticker. it is an etf actively managed, umi around all midstream energy. you're getting paid when natural gas is transported, when it is exported. when it is being stored. it covers the pipelines. it has about a 7% dividend yield. umi is a great way to place natural gas, the whole energy infrastructure story, stuart. stuart: i will take a 7% dividend yield at a time like this. >> i know you will. i know you will. stuart: david, thank you very much, sir. we'll see you again soon. thanks a lot. >> yeah. stuart: now then, the market had turned south actually, dow industrials are down 20 points. look at movers, lauren, up 5% on paychex. lauren: number one on the s&p 500. they send paychecks out. they see more market activity. sales up 16% in the quarter.

they raised their full-year forecast next year as a result. stuart: tell me about the gap. lauren: we told you about the yeezy hoodie from kanye west, 90 bucks, sold out? why is the stock giving back yesterday's gains today. this is the real reason, this is important. they rely heavily flying by air items from asia to the u.s. that is much more expensive airfreight. they want to have items for the who season but they. stuart: smith & wesson. lauren: love this story. relocating their headquarters 125 million out of spring feel massachusetts. they cite new legislation if enacted in massachusetts could prohibit them from making certain firearms. but for governor lee in tennessee, two big ones in one week, ford, sk innovation and now you get smith & wesson. stuart: tennessee is in the

news. no state income tax. lauren: great quality of life. cheaper to live. stuart: we've been doing specials on the home prices in nashville i think, and they're low, demand is very strong and homes in nashville are selling average of 10 days. >> the bars are open 8:00 a.m. you can always see live music. stuart: there you go. what time are they open? lauren: really early in the morning. a lot of activity in that city. good spirit. stuart: i think you got more on this one, elon musk slamming the president and the sec. what is he saying? lauren: not the first time. remember he said biden was still sleeping when, biden didn't congratulate elon musk after the spacex launch. he is mad about cars and unions. listen. >> biden held this ev summit didn't invite tesla. invited gm, ford, chrysler and uaw. ev summit in the white house. doesn't mention tesla once and

praised gm and ford for leading the ev revolution. does this sound maybe a little biased, friendly administration seems controlled bit unions. lauren: richest man in the world said the biden administration is controlled by the unions. stuart: very restrained but very sarcastic. that was -- lauren: what is with the handkerchief by the way? stuart: i have no idea. lauren: me neither. stuart: a fashion statement. jen psaki compares spending bill negotiations to a tv show. you got to watch this. >> it is like an episode of a tv show where we, i'm not in a position to look in a crystal ball here. >> [inaudible]. >> maybe the west wing if something good happens? maybe "veep" if not. stuart: why not humor in a difficult situation. kayly mcdonald will join me in the 11:00 occur. caylee mcenany. does that mean boosters for

life. we'll certainly discuss that. biden wants to find companies up tohundred thousand dollars if they don't comply with his vaccine mandate. the governor of georgia brian kemp fighting back. he is on the show. he will tell us what he is doing ♪. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones

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have a look at merck. they struck a deal to make the drugmaker acceleron pharma. they will pay $11.5 billion for acceleron if that deal goes through. speaker pelosi quietly used the $3.5 trillion spending to tuck in massive fines for companies that violate the vaccine mandate. edward lawrence at the white house. we're not talking peanut fines here. substantial fines. reporter: substantial fines. you will love this stu. you thought vaccine mandates itself were bad but now the biden administration would like to crush the businesses that don't follow the vaccine mandate or any osha rule. in the rick sill ages bill osha could get a windfall for a fine. the fine for serious infraction violating the vaccine mandate would go to $70,000 per offense. for repeat violations the fine would be $700,000.

osha says the current fine of 13,500 is not enough to motivate large employers. critics think the osha mandate is not legal. what could map the fines could force smaller, medium-sized businesses to close. white house press secretary says mandates work. >> for the most part we have not seen a max exodus in employees. yes individuals decided not to get vaccinated, therefore no longer been employed. that is nobody's preference but for the most part we've seen an increase in vaccinations in these companies which makes work places more healthier. reporter: so it could affect 80 million workers. under the current rules now osha has written 300 violations related specifically to covid-19 for about $4 million in fines. 1/3 of the companies have paid those fines at about $900,000. that is under current

regulations. stuart: current regulations which get more stringent later. edward, we got that, thanks. bring in the governor of georgia republican brian kemp. governor, always good to see you. welcome back to the show. good to have you on again. let's deal with the fines. they are really very large fines. before we get to what you might be able to do about this, tell me the impact of fines of this level on businesses in the state of georgia? >> well, stuart, this is unnecessary federal overreach. it is going to be bad for hard-working georgia. as we learn the details coming out whether through the $3.5 trillion boondoggle the democrats are trying to push through with no republican support it es going from bad to worse. i've been a small business owner for over 35 years. this is unnecessary, number one. they're pitting one small business against another with the rules that they're putting in place, with those over 100 employees will lose employees

will lose to those that have under 100. in georgia you've seen the vaccination rates increase in the past few months, or at least the past month anyway because the delta variant surged again. you also had a lot of private sector companies like us, state government that doesn't have a mandate. we incentivized employees with a day off. had the highest vaccination rate in the month of september when we did that free holiday for our employees. so the private sector was already doing this. you know, for the white house to be saying this is working we don't even know what the rules are going to be for this yet. they're not all out. as soon as we know those, there will be legal action not only in the state of georgia but will see it around the country. stuart: you're going to court about the president's vaccine mandates are going to court and fines they proposed? you will go to court, stop this, or roll it back or somehow or other to deal with it? >> we'll go to court or support

others depending how they roll it out. this is not necessarily about the vaccine mandate. this is about the federal over reach. we do not need that at this time in our country. when you have fines literally start out at $70,000, there is a lot of these small businesses struggling out there, they're not making $70,000 a year, not making much more than that. in fact a lot of companies that are in the service sector, many others have been hard hit by covid, this is the last thing we need to be doing is putting them out of business with an outrageous federal fine. i don't think anybody in their right mind thinks any fine should start at $70,000 over, something like this policy. that is just outrageous and people, if they have gotten, business owners and working gorge -- georgia upset about. this we haven't seen what the rules are. they created chaos in the marketplace. this is no different than they have done with other disasterous

policies we've seen at the border, the pullout of afghanistan, runaway inflation, you know, what they're talking about doing, raising taxes, they say it will be just for the rich but i can assure you it is coming for middle america and hard-working georgians. that will be bad for our economy. stuart: governor, got it. thanks for joining us. come back and see us, sir. you got it. new data from the cdc shows the pandemic effects on obesity rates in america. what has the pandemic done to our waistlines? lauren: the covid-19 pounds. cdc says six states including texas and delaware reporting obesity rates higher than 35%. so a third of the population in those states say they're obese. why? stress, job loss, boredom. this is a voluntary response. a lot of people tend to underreport their weight. so i bet you the numbers are even higher. stuart: that's true. lauren: if someone asks how much you weigh, you probably say you

weigh less, right? stuart: absolutely. lauren: that is what is going on. number is higher unfortunately. stuart: a lot of people gained weight. nothing to do. lauren: sitting around. nervous. stuart: i was never nervous. i had nothing to do. that is what it is. i gained some weight. any moment now facebook's global head of safety will be grilled on capitol hill. the hearing follows the bombshell reports accusing instagram being toxic for teen girls. question, is facebook really the one to blame. vivek ramaswamy will take that on at the 11:00 hour. president biden appeared at congressional baseball game. some in the audience didn't give him a nice reaction. democrats did but the republicans didn't. here is the star of the show. republican greg stuebe, hit a home run out of the park. he is on the show next. ♪

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you're off 34 points. at this point i don't know of any development out of hell week in washington to account for the state of the market right now. i still think it is wait and see what turns up. senatorially facebook head of global safety will testify about the bombshell report in the journal which says instagram is toxic for teens. we'll bring you headlines from the hearing once it gets rolling. we're looking at movers. lordstown motors, 9%. lauren: susan: lordstown reportedly selling their ohio plant to fox con which builds apple iphones and ipads. this ohio plant was where president trump visited after lordstown bought it from general motors. remember general motors was shutting it down in 2018. lordstown rescued the plant and jobs.

lordstown is embattled being investigated by the sec for overstating orders. stuart: the plant is being bought by foxconn? susan: reportedly yes. stuart: doesn't foxconn make phones and gadgets as opposed to cars. susan: they assemble the phone and ipad. they don't make them. they were supposed to fund that 12 billion-dollar factory for flat screen televisions in wisconsin which never came to life. stuart: what will they use the factory for, lordstown. what will it be used for now? susan: electronics. you're right. away from cars. stuart: that is interesting stuff. netflix, what is with them? susan: record highs from them. not much in terms of news flow. just on the viral series called "squid games" which has been a lot of talk on social media about. this also the gaming push. remember they bought the night school game publisher over in europe. stuart: game on netflix. that is extra business to get into.

susan: growth industry. stuart: per rig go. susan: i checked. the drugmaker resolved a 300 million-dollar tax issue with ireland. ireland was demanding 300 until dollars with the largest tax bill from the irish government. stuart: did they get it? susan: they paid up. ireland is a low tax state, country. stuart: the stocks is up 12%. now you have the number. you have certainty. susan: they're domiciled in ireland. if you have no problem with the countries you are based in, that is a good thing. stuart: tell me about kohl's, do i care? susan: the stock is down 14%. downgraded by bank of america. supply chain concerns. only worth $48. think about the supply chain concerns with the retailers, not just kohl's but bed, bath & beyond. not just assemblers or electronic gadgets are having problems with port congestion

and supply chain issues. stuart: fed chair powell said he didn't see the supply chain issues going away. susan: why inflation will be here for a while. stuart: those two companies taking it on the chin. bed, bath & beyond taking it on the chin 26%. president biden booed at surprise appearance at congressional baseball game. i have to take issue with this. i didn't hear that much booing. i heard a lot of democrats saying build back better, build back better. lauren: he came out in the second inning to cheers bit dems, boos by the republicans. we'll show you some of it by expected. >> there he is. [cheering ] [booing] >> president biden making appearance. lauren: you can't hear booms. he has to save the economic agenda. he handed out, get it, handed out ice cream bars. his agenda is all about handouts. stuart: who is saying that?

agenda is about handouts and who is saying that? lauren: i'm saying that. stuart: that's you. lauren: he handed out ice cream bars. stuart: i got it. thank you, lauren. look at this congressman greg stuebe, republican from florida, he hits out of the park home run during the congressional baseball game. he is the first lawmaker to clear the fence in 40 years. >> democrats trying -- wow. >> greg stuebe with the first swing, it will be a home run! stuebe out of the ballpark into the left field bleachers. stuart: congressman greg stuebe joins me now. sir, i've got an issue, i've got an issue. the democrats regular pitcher was not pitching last night. he is no longer in congress so he couldn't pitch. you got a break right there, congressman. you know it. >> yeah he is no longer in congress. the rules are only members of congress can play. i'm just happy i was able to distract from joe biden being in the republican dugout when i hit

that over the fence. stuart: i don't mean to diminish your home run, sir. it was splendid effort. case closed. left's get serious. what is happening on capitol hill right now? i've been saying all morning i don't think they will get both one and trillion dollars deals passed. what do you think? >> i don't think so. there are reports that progressives are locking down on the $1.2 trillion package. more than five votes on the d side can sink a bill. a lot of moderates are concerned about 3.5 trillion spending. why would the moderate democrat vote for a bill that joe joe manchin will not support in the senate? it is not going anywhere in the senate. the senate is trying to pass the continuing resolution so at least the government is funded. i can see what is happening, cr, passed the house, fund the government that passed the house last week. they pass that out of the senate and they avoid a government

shutdown and the 1.2 infrastructure package they tied to the $3.5 trillion spending i don't think that makes it out of the house. stuart: of course, speaker pelosi, she is a brilliant tactician in terms of getting votes together. is it possible she could strong arm members and come through with a win on the 1.2 trillion? do you think that is vaguely possible? >> i think if they put the 1.2 trillion on the floor by itself, she didn't make the mistake of tying that to the 3.5 trillion in the social i-t spending free i would say yes. that is why a lot of moderates, moderate democrats early on were saying just bring up the $1.2 trillion senate approved bipartisan infrastructure package and pass it. she didn't do that. she could have done that right away. she refused to do that because she tied it to the 3.5 trillion in social i-t spending. i don't, now she tied the two together i think it will be very difficult to get votes she needs.

she was also on the baseball field last night, frantically making a lot of phone calls. on camera making a lot of frantic phone calls, like you said strong arm some of her members to voting for the bills. if the senate is going through with the cr to fund the government, they get that that , i don't see how the other bills pass today. stuart: fascinating. greg stuebe, congratulations on the home run. come back soon. coming up companies having trouble staffing up are turning to robots. does that mean robots are taking jobs away? grady trimble reports from chicago. don't have the time to do your laundrie? it is called sub chair. the uber for laundry. he will tell me how it all works after this. ♪.

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stuart: markets are mixed. the dow is now down 100. i don't know of any developments in washington, d.c. to account for that 100 point loss for the dow. nasdaq is up 53. s&p up a tiny fraction. big tech across the board mixed really. apple down a tiny fraction. amazon, facebook, alphabet, microsoft on upside. got that. we told you about business struggling to hire workers, we know about that. some companies are turning to robots to fill the employment gap and paying them by the hour, how about that? grady trimble in chicago. grady, how much cheaper is a robot than a human worker? reporter: this robot arm will cost seven bucks an hour to start. that drops down to five bucks an hour after certain number of hours work, compared to the average worker at the same factory which makes 18 bucks an hour. bob albert is the owner here at polar hardware manufacturing. bob, tell me why you decided to

do this? when we talk about automation, people get worried that will take human jobs. >> not really. really reducing our costs. we're not getting rid of any employees, just reducing our costs, making more parts in a shorter period of time. it is just an improvement. we also have people now learning how to operate these robots. reporter: this robot here is making handles for semi-truck trailers. it has been so successful that you want to rent two more. >> right. we'll have two more. this one is named joe. in the near future we'll have jack and floyd here. they will be doing about the same thing. they're very consistent and work during, they don't have vacations or sick pay, sick time. they don't go to the bathroom. not on the cell phones. just keep going all day long. it is a really nice cost saving feature. reporter: stuart, there you go, robots hard at work coexisting

with people working in the factory as well. stuart: coexistence that is interesting word to use talking about robots and humans, coexisting. great stuff. grady trimble. now this, introduce you to a company called sud share. being called the uber for laundrie. it connects people with an app with a washing machine at home. i will explain. the ceo is here and mort joins me now. great to have you on the show. you have an app app. asusudshare. i contact through the app, people come to my house, pick up the laundrie, take it back to their place, do the. lauren: dry for me, charge it one dollar per pound laundry and bring it back to me. that is what you do?

>> sudden share is marketplace for laundry. we have customers who outsource the laundrie to us. they want to free up their time to enjoy life. they tapp the app, it is done, wash, dry, fold, pick up and delivery. the other -- stuart: i'm intrigued. this is a great story. it is really intriguing. i want to know how many customers do you have right now? >> so we're a private company, so we don't share that information. stuart: i know you don't share it but i'm giving you a commercial here. i'm telling the world that sud share is pretty good. at least give me a claw how many customers you got, give me a clue, come on? >> we have tens of thousands of customers in 400 cities nationwide. we have 45,000 sudsters, that is what we call our washers serving customers in all of these cities. stuart: is your business taking off?

is it growing very sharply? >> it is grown over 10,000% over the last year. it has grown tremendously. covid actually helped in three ways. so first, covid really put us in touch with our mortality. life is short. the question is, do you want to spend it doing laundrie. most people don't. they're outsourcing it to us. also people who are working from home. they're wearing sweats and pajamas building up in the laundry. also everybody wants to work from home. and -- stuart: i'm afraid i got to go. i have one of these breaks. we have to make money. we run commercials, that is how it works. thanks for coming on the show. very interesting company. stay in touch with us. i would love to see if you're growing fast. sud share, mort, thank you very much. look at headline in the "wall street journal." nancy pelosi's hell week. dan heninger wrote that. he says democrats are pushing us

towards legislative chaos. he will be with us in the next hour. we're talking to senator rob portman. i want to know where he stands on the 3 1/2 trillion dollar spending bill. does he agree with manchin who called it fiscal insanity? i will ask him next. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing,

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♪. stuart: i like the look of that. that is fort smith, arkansas, 77 degrees, but it will go up to a high of 88. nice looking place right there. nancy pelosi is about to hold her weekly press conference. this is very important. maybe she will tell us when she will hold the vote on the $1.2 trillion infrastructure bill. that is the main issue today. she is trying to bring the moderates and the left together to do something with this bill but progressives, they're saying absolutely not. can the speaker resolve that dispute? we'll find out. she is going to appear at that press conference momentarily. but she is delayed. probably strong-arming some people. senator rob portman is with us

now. republican from the great state of ohio. senator, can we just try to get some clarity on this? are you a yes on the $1.2 trillion infrastructure bill and a no on the 3 1/2 trillion dollar spending bill? >> absolutely. there are two very different products and that is why it is so important that we separate them. and what speaker pelosi wanted to do all along as you know is bring the two of them together. the infrastructure bill has no taxes in it, no tax increases t came out after process truly bipartisan. recall president biden proposed $2.65 trillion so-called infrastructure bill. it had a lot of non-infrastructure items in it. it had huge tax increases in it. we got out of the core infrastructure, and tack and took out tax increases. it is 550 billion. it is the right thing for the country. long-term capital expenditure, think of sitting as part of the

supply side rather than the demand side of economy. it will be spent over many years, not just couple years but five, 10, 15, 20 years. i think that is a good idea. the other one is a disaster that is the tax-and-spending extravanganze. it is reckless and wrong thing to do in our economy t will increase inflation and hurt the economy by raising taxes on pretty much everybody and everything. stuart: senator, peeker pelosi has just walked to the podium. she is about to start her press conference. we expect to find out if and when there will be a volt on the $1.2 trillion deal today. if it is delayed, i think that sinks it. but if she holds the vote she has got to make sure she has the left on board, that it will pass. is that accurate description where we, senator? >> that is true. the progressives doesn't like it t doesn't have the tax increases. doesn't have the green new deal, all the new free items for everybody in the so-called reconciliation bill, which by

the way is not just 3.5 trillion. it is closer to five trillion when you really add it up. so i'm very concerned that what she may do today is not work hard enough to get the infrastructure bill passed because she would really would prefer the tax-and-spending bill that would be a big mistake for our country. pass the infrastructure bill. it is good for our country t has bipartisan support around continue the debate on other issue. i'm strongly against it. by the way so are moderates on democratic side spoke up recently. let them speak for themselves. they should be separate items. she is trying to confuse the two. bring the two together. stuart: will there be a yes vote on keeping the government open? that looks likely. you agree with that? >> yes. i mean i hope so. i do have a big concern about what the democrats would like to do on the so-called continuing resolution to keep government open because these evacuees from afghanistan are not being properly vetted under their bill. we need to vet them like we

would vet any other group of refugees or so-called paroleees. we don't know who a number of them are. one thing the democrat version does provide funding without proper vetting. i'm offering an amendment with tom cotton and couple others to say okay, we're all right bringing folks in who helped us in afghanistan but they have to be properly vetted if we don't know who they are. that is simple amendment. i hope it passes. stuart: senator portman, thanks for being clarity and it us exceptionally confusing for out viewers and we appreciate the clarity. >> thanks, bye. stuart: left hashed side of the screen, we don't know yet what speaker pelosi has said at her weekly press conference. as you saw on the screen there it just began. i'm waiting for news as to whether or not she will hold that vote on the $1.2 trillion infrastructure bill, roads and bridges. is she going to hold the vote today as promised. what do you got?

lauren: says the u.s. house will pass the stop gap bill to keep the government open once the senate has passed it. stuart: okay. she is talking about the keep government running bill. so far. we hope to hear more from that later. still ahead, kayleigh mcenany. vivek ramaswamy, wall street guy, dan heninger. these are desperate times for president biden. he is trying to unite his party but his performance as a negotiator really not going well. that is my opinion. that is "my take" which is next.

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$.5 trillion bill running into problems with moderate democrats in the senate is no surprise, the progressives holding the $1.2 trillion infrastructure bill hostages the surprising thing. >> we get the one.2 we don't get the 3 trillion than the markets go big thumbs up. >> trust is quite low, less spending is good. more of the economy is good. the hope that cooler heads prevail. >> the economy is overheating where people watch prices rise

does not need hundreds of billions or trillions of dollars of new spending. the best thing that could happen is all of this also part. falls apart. ♪♪ stuart: it is 11:00 eastern time, straight to the market. the dow down 180 points, small gain for the nasdaq, the market has turned south, big tech mostly lower at this point. apple down among big tech stocks. the 10 year treasury yield, one.532%. here is the most important news of the day, speak opposing holding a press conference, she has said there's going to be a vote today on keeping the

government open. that's not as important as the vote on the $1.2 trillion infrastructure. >> they might get the spending than keeping the government open. this is what she said about the infrastructure bill, the bipartisan bill, quote, so far so good on taking of the infrastructure bill thursday which is today. the third thing the white house has to do is push through the $3.5 trillion spending bill, she says we will have a reconciliation bill for sure. the fourth thing is the debt limit. stuart: sounds like the $1.2 trillion infrastructure bill, roads and bridges so far so good is not the same as saying we are voting on this thing today. lauren: she knows she doesn't have the votes is how i read this, she's taking questions now. stuart: all right, everyone, now this. these are desperate times for

president biden, battered by crises, hold up in the white house, his performance as a negotiator is not going well, headline in the washington post biden 62 dealmaking strategy with little tangible progress. senator manchin so the vast spending plan the president was trying to get him to support, fiscal insanity. senator christensen attended white house meetings, she too said she doesn't support the spending and is not saying what she will support. those two holdouts mean the $3 trillion spending package may not make it through the senate and progressives may kill the $1 trillion infrastructure plan too. the white house negotiations have not worked. the president's ratings have fallen because all those

partitions face reelection in 13 months concerned his performance will track them down. he's underwater on a variety of issues, the economy, covid, foreign-policy and the board and on the issue being negotiated right now, disapproval numbers rising fast. after all this negotiating and arm-twisting, the spending plans are in trouble. the third hour of "varney and company" just getting started. ♪♪ a fine thing to have kayleigh mcenany on the program, she knows what is going on in washington. it is all about the vote will take place today. welcome to the program. speaker pelosi has said on this important infrastructure bill so far so good.

that is not what i was hoping for, not saying we are going to vote today, she's not saying it is going to pass. >> she's in for celebrity when she has the votes, that is not necessarily that but what i think it is is a tepid we might get their effort to put a tailwind behind progressives. maybe a head shake from pelosi, you better come on board so it is a strategic move, the fact that moment by moment is how we are taking this. it is indicative. stuart: she hasn't got the votes at 11:0 five eastern time. if she delays this vote or goes down to defeat. >> we have a very weakened president.

manchin doesn't exercise his muscle when it was seemingly going well for president biden. after the afghanistan debacle, inflation, board officers report you have manchin saying i exert my power and influence because in some ways, more influential than the guy in the white house. stuart: the president is under pressure, crime, inflation, do all those problems make it more difficult negotiating this infrastructure deal. >> he is not known for picking up the phone and controlling legislatures, to support legislation or he would be on the hill, and you have a hampered presidency, quinnipiac approval rating, signaling to every democrat have add it, i don't want to hitch myself to the biden presidency. in the gubernatorial race.

stuart: you know how washington works, you are on the inside big time so you tell me your assessment. i will preface that with i don't think they will get $1.2 trillion with a $3.5 trillion. >> what i have learned is never underestimate the power of democrats to stick together. one thing i will say democrats are better at the republicans are sticking together in their caucus. they get one or both past because it is not good for the country. stuart: heaven for bid $3 trillion. >> fdr remaking society, nowhere near majority. stuart: we can't do that. this country cannot change course dramatically altering its culture and economy on the strength of one vote in a divided congress. we can do that. >> they say it has no implications, no one knows it better than you, they will remake the society. >> that the strengthen the republicans?

>> it does. it is in settlement programs after they are passed, we saw the one$.9 trillion package that was popular among the electorate. once an entitlement program passes it is hard, the trickle-down effect of the broader public even though they are there. stuart: if you get free pre-k, it goes away. great stuff. he will be on outnumbered today. >> 12:00 pm eastern time. stuart: i call that show ambushed. stuart: you are a mission recently. stuart: only a couple seconds of airtime because of press conference going on. appreciate that. let's get to the markets. we need advice as the dow turned south to 150, small laws for the s&p i great gain, i call that a mixed picture.

i want to know how the market will react to various scenarios. suppose we do not get the $1.2 trillion infrastructure plan or the $3 trillion behemoth. if we get neither of them what does the market do? >> it is pricing in the stimulus that will come out a tad disappointed, the one.5 in terms of infrastructure, they have been banking and pricing in, this is what it will mean. it will go back and revalue, that will benefit from this plan, they are not going to benefit and the market backs off a little bit. stuart: not much. >> not much.

stuart: i am inclined to save we get the infrastructure bill, just get that one thing the market would like that. >> part of it is priced in, clarity on it and it knows it is coming market would embrace that. stuart: is what is going on in washington right now the overriding factor on wall street? >> in terms of government shutdown everybody on wall street understands, what dc does is not going to provide a lot for late-night television and saturday night live but anything in terms of an investor or you buying microsoft because the government is threatening a shutdown, as the president crisis, this not going to be,

never going to let the - everybody knows that so it is great to watch it and the market is not concentrated, the three things you know, the pace of inflation and interest rates and tapering. stuart: thanks for that. see you again soon. we like clarity. see you soon. lauren has been following movers including carmax. >> strong performance, the issue is what they are saying about the future and profits getting squeezed by the chip shortage, the industry building between 5 and 6 million fewer cars as a result of the chips they can't get which segues into general motors, the chip shortage is affecting the ability to produce the chevrolet blazer halting production in mexico for an additional 2 weeks because of

that stock down a little bit. stuart: how long have we talked about chip shortage in supply chains? lauren: how long are we going to talk about it. . stuart: inflation -- >> to next year according to the head of the fed. stuart: that is an important statement. we have a breakthrough covid case shutdown a broadway show just one day after it reopened, bad news for new york's recovery. banning all anti-vaccine videos, censorship, that is my opinion. it will backfire, he's going to join us. facebook rolled on capitol hill, instagram is toxic for teen girls. that hearing after this. ♪♪ ♪♪

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stuart: let's get to what speaker pelosi just said. the press conference wrapped up and you are the main points. she says the house will pass the stopgap bill to keep the government open. the senate will pass it, they will pass it, the government will stay open, point number one. number 2, she says we will have a reconciliation bill that is for sure, not sure what she means by that, the $3.5 trillion mammoth spending bill, she says we will have it for sure.

here is the really important point. speaker pelosi said so far so good. those are her words, on taking up the infrastructure bill today, thursday, this is the all-important $1.2 trillion infrastructure bill, roads and bridges. the speaker said there's going to be a vote today but so far today we have not got that vote. that is an important thing. that means she does not have the votes for it. maybe that is why the market turned a little bit south. maybe not. that is what she is saying right now. she says so far so good and that is not the same as saying i'm going to pass this thing was facebook's head of global safety testifying before senate committee. this is about the wall street journal bombshell report that instagram is toxic for teens. kelly o'grady is with us. first appearance, you will do just fine. you have been listening to the

hearings. any headlines? >> they have come out swinging. they cited internal research facebook has that does decrease body image feelings and this is a perfect storm. these big tech hearings are often nothing more than political theater but this may be different and it comes from a senate hearing, protecting kids online. that focus on children may create impact here. facebook just started testifying and we expect they will focus more on the defense. they are playing damage control, last night the wall street journal came out with more internal documents with 66% of teens say that body image is a problem and

instagram makes them feel worse about themselves with negative social interaction. data says instagram makes things better, you are able to protect children with safety precautions. here is the thing, reputation and credibility is on the line but the fireworks aren't over yet. next tuesday the facebook whistleblower will testify in front of the senate and this comes back to who is responsible for these children? parents? the government, facebook? a fiduciary responsibility to their shareholders but the senate seems to think their accountability goes further than that. stuart: great start for your career. appreciate that. let's bring in the author of a book on this subject, how do we stop kids from altering their

look on social media, the body image of youngsters displayed on a small screen, passed around, altered by technology. that's the nature of the problem. how do you stop that from happening? >> this is a complicated issue. part of what we've done here is made facebook too powerful in determining solutions for itself. we need to have a conversation if we live in a society where you can't smoke a cigarette until 18 then we should talk openly about whether or not kids under the age of 18 not to be using social media at all the prays on our psychological insecurities and basic human emotions of envy and insecurity and writ large. it is time to have that conversation. that starts in the family, started the school, start in

our communities and the net result could be legislations that says if you are an adult, fine, you're fine to make those trade-offs, we don't live in a paternalistic society, if you are an adult on this trade-off it is different when you are a kid and if you are kid we might live in a moment this has become the new cigarette of our moment where we draw boundaries to say before you are you fully formed adult, we make sure you get to be a fully formed adult first. stuart: what measures? how can you stop younger people from messing around with their own body image and passing comment on other people's body image? that is the nature of the problem. how do you stop them doing that? >> the nature of the problem is upstream of that. virtue is a precondition for capitalism. we lost the institutions in the off-line world that used to cultivate the self-confidence in kids, they are vulnerable to

exploitation by social media companies, it is philosophical but an important problem we need to talk about, the recession of religion in public life, the recession of patriotism, ideas that used to give people a sense of grounding and self-confidence believe them less vulnerable to be prayed unlike teenage girls to virginia slims manufacturers in 1990s who used to pray on their body image insecurities to sell a cigarette, that is the moment with modern social media today. the solution is to begin first in the off-line world in creating a stable enough population with her psychic insecurities cured by a foundation of personal beliefs. in the short term as the symptomatically or be we've got to have an open conversation about whether additional social media products are to be banned in kids under 18. it is difficult for adults to say if you've got to be 18, to buy a cigarette, to access certain content on the internet you might have to be 18 before you access addictive social media.

it is the moment to have an open conversation. stuart: it is an extreme measure, thank you for being here. we've got broadway. one broadway show just shutdown because of covid. it was open one day and then shutdown. todd pyro, which show. lauren: the show is aladdin. broadway thought it was entering a whole new world after being closed by the pandemic and arabian nights will be dark for the foreseeable future. did you get either of those references? stuart: yes i did. it's a brave new world. >> we are going to get song out of it, that was a total win on my part. of the what i have 6 kids and 10 grandchildren. >> are you listening to this? aladdin is halted after an unnamed member of castle crew

tested positive for covid, it will now be shutdown for one upcoming show. that was awesome, wasn't expecting that. >> one cast member and or staff member, golfing shutdown, everybody goes home. one outbreak and everything shuts down. no way to get people back to the city. >> didn't know you knew the story of aladdin. a new study shows long-haul covid could be worse than we thought. >> more than a third of people who got covid have some symptoms up to 6 months after initial diagnosis and some had symptoms after they had more severe covid were more likely to get these long-haul symptoms. they found email and young adult patients had an elevated risk for the long-term symptoms. next case, air b&b renting out

the famous scream house just in time for halloween. more importantly speaker pelosi is the latest democrat to repeat president biden's $0 talking points. >> it is not about a dollar amount. the dollar amount, this bill will be paid for. stuart: wall street journal by dan heninger says they are living in a fantasy land. he is on the show next. ♪♪ when you wish upon a star ♪♪ makes no difference who you are ♪♪ anything your heart desires will come i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this.

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>> important developments on what may turn out on this infrastructure bill. majority leader steny were just said no when asked if he was confident the bill would past. speaker pelosi was on earlier saying she was so far so good for the infrastructure bill, sounds to me like this bill does not have the votes.

senator manchin is talking about the $3 trillion bill, it is fiscal insanity, he's willing to talk about it. the dow is down 100, not much reaction to what is going on in dc at this point but we have serious movement on the market including the chipmakers. >> they are pretty at large, nvidia were $3 billion and leading the nasdaq advance for the third quarter so we are in the final 3 months of the year. talking bed, bath and beyond and coals which are selling off dramatically, this is indicated short-sellers who have been

shorting meme stocks like amcs and game stops. they've downgraded coals this morning and bed, bath, and beyond having problems with traffic and supply chain issues. stuart: they are not getting them back up again. >> they have tilted its already. they have been vindicated the fundamentals. virgin galactic is a stock you enjoy talking about since we have richard branson's company clear to go back into space. stuart: i'm interested in private space and glad to see them get back into space because they had a problem with their last landing. it went off course. everything is okay. they take off when? >> they have spaceflight with the italian air force and i want to throw in snowflakes with data warehouse or, they got an upgrade worth $553.

stuart: snowflake is all right. listen to what nancy pelosi, speaker of the house just said. >> are you continuing regardless of that? >> i intend to. i don't want to consider any options. that is our culture. stuart: that is interesting. what the speaker just said is very important. it sounds like she does not have the votes for this infrastructure bill, if she had the votes she would put it for a vote. looking grim for the infrastructure bill. that is what i am saying. i want to bring in dan

heninger. i want the audience to see what dan heninger wrote, the legislative agenda in the house of representatives sounds like the to do list of the madhouse. nancy pelosi as hell week. i would hate to be skewered by you, hope i never cross your path. a madhouse? >> consider what they set out to do, pass this infrastructure bill, then pass the $5 trillion spending bill and they are trying to pass continuing resolution to work out the details of the $3 trillion budget and raise the debt ceiling. it is already at $28 trillion. what other than a madhouse would attempt all those things in a single week? stuart: the speaker when she appeared at her press conference looked arid, that is the best way to put it.

she is trying to get the votes for this infrastructure bill but what she is saying is she hasn't got the votes and steny hoyer says not confident of passage. >> senator manchin put out a statement, explaining and deal why it is opposing the $3 trillion bill and it wasn't merely that he objects from the top line figure but objects to the substance of much of what they are doing like no meme stocks for these entitlements. entitlement is permanent and he is inclined to put into place entitlements that cannot be reversed. there were no such entitlements -- four entitlements. this reality check is beginning to settle in on members of congress as they get closer to this vote.

they made it quite clear this is the culmination of a career, this is her legacy doing these things at once. she looks as though it is a bridge too far, looks like the bridge over the river quiet, the bridge simply collapses into the river and the car looks up and says what have i done? nancy pelosi is starting to look like that. stuart: i did see that movie. thank you, appreciate it. it is october 1st and there is a new listing for horror movie fans. todd pyro back with us again. >> this is a credo you live by. role tape. >> certain rules.

you can never have sex. >> didn't realize we were doing that on the foxbusiness channel. to the rules the unmanned mention mention staying in the house from the movie screen in the days leading to halloween, they can get the real scream experience each night without being killed but we cannot confirm that. a $2 million mansion on a venue. stuart: it is a gimmick but i will take it. despite weeks of lockdown's covid cases are spiking in australia. officials are blaming a football game. and that is the warning, labor shortages worsen shipping delays, the report from savannah georgia, next.

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stuart: that is the port of oakland, 63 degrees. ports in california are badly backlog, labor shortages causing delays around the country, not just california but ashley webster is in savanna. what are they doing to fix this backlog in savanna? >> it is not an easy task, welcome to container city, the camera can't do justice, tens of thousands, if not hundreds of thousands of container units unloaded from the cargo ships but still waiting to be delivered across the country. why the delay, increased volumes, big demand and infrastructure isn't quite in place because of labor shortages to move this on.

compared to last year the percentage of delays, oceanfront is up 43%. they are waiting their turn to bring their cargo in. on the west coast in savanna from 20 to 24 ships in the ocean waiting for their time to come in. why the extra volume? increased consumer demand for retailers bulking up their inventories and this is the beginning of the busy holiday shopping season was overwhelming amount of cargo coming in and the system is straining. griff lind is executive director of the georgia port authority. great to have you here. supports are struggling to handle the volume and stuart varney will ask should i do my christmas shopping now? >> you are standing on the

single largest container truck in the western hemisphere. we are overwhelmed with freight but doing better than most. ashley: we are talking the empty store shelves. >> will i go christmas shopping early? i will tell you on the side. there are major hiccups. ashley: we have construction going on, increasing the capacity to 2 million containers. >> we are investing $600 million on 3 major projects, $100 million in capacity.

no other portages quick as we are doing it. ashley: there you have it. maybe not such a bad idea to get your holiday shopping. not sure stuart varney does holiday shopping. back to you. stuart: i am thrifty, not cheap. we have a serious development in the market. the dow is down 260 points, the s&p down 18. we've taken a sudden turn south and i think it has to do with what speaker pelosi just said about $1.2 trillion infrastructure bill. she said so far so good. there is supposed to be a vote today at all she's got is so far so good and the number 2 person in the house, steny hoyer, was asked if you are

confident you will get this infrastructure, roads and bridges bill, he said nope. it doesn't sound promising for the infrastructure bill and maybe that is why the dallas has taken a sudden turn down to 70 as we speak. this is moving as we speak. all the moving parts are moving against each other at this point in a yes vote for infrastructure. so your friday feedback to it. we would love to answer your questions and if you send when we might answer yours. >> for the governor desantis questioning after the military covid lockdowns. >> is australia freer than china. something has gone dramatically off the rails.

>> who would have thought about that, adams will respond to that next.

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stuart: look at the market go south, we are down on the nasdaq, down on the s&p. i think it is because speaker pelosi is engraved and -- in grave doubts whether there will be a positive vote on the infrastructure bill today. the second-in-command in the house, top democrats in the second top democrat, steny hoyer says nope when asked if they were confident they will get the infrastructure bill through. i think it looks doubtful you're going to get $1.2 trillion of infrastructure and that is why the doubt, the s&p and the nasdaq have turned south. let's get to australia, florida governor desantis slammed the covid restrictions and suggested the us should

reconsider our relationship. >> what is going on in australia right now. that a free country at all. i or why we would still have the same diplomatic relations when they are doing that. australia, communist china, i don't know. stuart: let's bring in the guy with the australian accent who happens to be an american citizen these days, nick adams. we think of australia as a freedom country like the united states so we were all kind of shocked when we saw that guy who was tackled by the police, thrown to the ground because he wasn't wearing a mask outdoors. what is going on in your old country? >> i wish i could tell you i was surprised, the flying kangaroo turned out to be a plotting wombat, as somebody who was born there, raised there, lived 32 years of my

life there, this kind of draconian is him is typical for australia and has been underneath the surface. anyone who has visited australia will know that if you bring in the wrong piece of fruit you may as will bring in a kilo of cocaine because you will get treated like a colombia drug dealer. australia has always had that island nation mentality, always leaned socialist and we see the effects of all of that. stuart: i can't believe it is popular, the draconian lockdown that has gone on for a long time. can't believe it is popular. you might be seeing signs of revolt. this football match people are blaming for the spike in covid cases, revolting against the strict lockdowns, is there more signs of revolt? >> i think so. everybody has their breaking point. australians are remarkably

compliant people, the same ones who voluntarily handed in their firearms for a gun buyback team in 1996. there have always been people who look for direction from the government but the signs for freedom are pretty promising in that lots of people say enough is enough. we have been locked down for several months. there seems no end insight. the government botched this up badly, and we don't want it anymore. stuart: cnn will no longer publish content in australia because an australian court says media companies are liable for comments posted under those articles. that is draconian. >> australians, big guardians, can think of anything worse than having a bad reputation and that is why defamation is a

big thing in australia and big tech is feeling all of that. you don't have to worry about your reputation because you are known as a good guy. stuart: i am? you are all right and we will see you again soon. it is thursday trivia time. which president is the only one to have a phd. todd pyro will take a guess and we will give you the answer after this. ...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement.

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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] life is for living. let's partner for all of it. i'm so glad we did this. edward jones

stuart: we found another reason why the market is selling off. it is this. speaker pelosi held a news conference just a few moments ago. in that news conference she made assurances to the progressives that is the reconciliation bill will happen, will happen. that is the 3 1/2 trillion dollar behemoth of social spending. she says that will happen. well that bill includes a lot of taxes and that is not going to be popular on wall street. that is another reason why the dow is down 300 and s&p is down 21. all right. trivia. which president is the only one to have a phd? todd piro, final guest. >> i went with obama. stuart: i went with woodrow wilson. went with woodrow wilson. thank you very much indeed. applaud. woodrow wilson received a phd in political science from johns hopkins university in

1886. i believe he was a lecturer at princeton before he became president. >> they named a school after him and unnamed a school after him. stuart: as we leave you, we have negatives for the market. the dow is down 316. they may get this huge reconciliation bill, all the taxes that go with it, at least that is what the speaker says. that is not good for wall street. we're down 300 points. neil, it is yours. neil: think about it, stuart, also lost in the sauce if they can't get their act together on either of these measures, they can't vote on a short-term funding plan that was agreed to with republicans. that doesn't happen that is immediate concern. they have to do it by tonight. what a mess. thank you, my friend. we're following that as stuart indicated here. everything was going along smoothly on final day of the month, final day of the quarter, we'll be 3/4 of the through the market year when the closing bell rings