all humans to start stocking up given the supply chain initiatives. squirrels are good at explaining thing. maria: thank you for being here this morning. have a great day, see you again tomorrow, take it away. stuart: good morning, everyone. it is back up and running, all platforms out for about 26 hours now fully restored. what happened? a hack? and attack? a power surge outage? don't yet know but the consequences were severe and global. facebook went down all over the world. facebook stock tanked, mark

zuckerberg lost $6 billion in one day. the stock is back up a little but just a little. later the whistleblower francis haugen will appear before a senate committee and she will say facebook will put profits ahead of honesty. all eyes, not showing much of a bounce, where the dip buyers. the s&p about 20, the nasdaq in with a 53 point gain. during the recent stock selloff, gained ground as inflation ticked up as well. is bitcoin the new inflation hedge? 50,300 right now. the uptick in energy price inflation is severe. oil back to $78 billion a barrel is a public and natural

gas up crossed $6 again. let's hope it is not a really cold winter. we will see inflation like you wouldn't believe. the president heads to michigan selling his tax and spend plan and probably criticize the republicans for their opposition to raising the debt ceiling. senator schumer need 60 votes to pass it. mitch mcconnell says he will have to go it alone. the republican support so it will probably fail. on the show today, senator cinema harassed on a plane. president biden would not condemn the protesters who followed her into a bathroom. harassed again. october 5th, 2021. "varney and company" is about to begin. ♪♪

stuart: frenetic music to start the show. this could be a very active day. it was a real shock, they all went down, the longest outage since 2008. facebook has apologized. did facebook say how did this happen? >> a configuration change on its routers the coordinate network traffic across the platform used by 2.75 billion people, no evidence user data was compromised. its employees and contractors do their work, 164,$000 a minute in revenue, 5% stock slide went down $47 billion in market cap at $6 billion in

welfare mark zuckerberg. the outage shows how a goal facebook is to people and business. one hour from now the whistleblower will say to regulators facebook became a $1 trillion company by paying for its profits with our safety. they have gotten so big and this is the cost, team mental health, polarization online, and coming together, they might have gotten too begin too in trouble. stuart: facebook stock down 5%, backup 0.7%. i see green across the board, david nicholas joins us.

senator schumer hold a vote, likely to fail. are we in danger of a data downgrade like we saw in 2011? >> i'm bullish on america's future but concerned in the short-term, fully convinced the us is heading for another boundary. in 2011 the downgrade was based on two factors in the first was what was the trajectory of us debt. by 2021 the us debt to gdp ratio would be 80% debt to gdp. where are we today? 100% debt to gdp. goes beyond that metric. the other metric is what was the political stability? we are more polarized today than we've been in long time. that has me concerned. it will spell trouble for markets. stuart: if we get the debt downgrade, prices fall or go

up. what do you think? >> of 5 your credit default, the us is behind 9 other european nations have less debt ratings, yields surge. tenure will be above 2%. if we get a debt downgrade those numbers are blown past 2%. we are telling our clients unless nancy pelosi writes you a check for the money you lose in your retirement account you need to take action, give yourself some protection now in the event things don't go well out of the chaotic washington. stuart: i you saying so now to avoid the debt downgrade consequences? >> you want to have hedges meaning resolute of cash.

we have a much better buying opportunity. i'm not a fan of selling altogether but raising cash, you can buy defensive acquisitions and have some cash ready, a great buying opportunity. stuart: as of today you are not doing any data buying in big tech? >> not yet. adding hedges, we want to profit for some profit-taking, - >> thank you for joining us. 50,$300 a coin, first time above 50,000 a month. lauren, is it possible to say bitcoin is the new gold?

>> >> citadel - would trade crypto once it is regulated. the crypto cheerleaders basically saying their passion was directed towards the us dollar. if you look at the inflows for crypto currency, $390 million in 7 weeks, institutional demand for more support could be coming from regulators, the fcc of the fed. stuart: regulating this is bullish for bitcoin. lauren: we haven't been at this level since el salvador. stuart: makes it respectable. we will show this video senator christensen above followed by

activists, that was disgraceful but she's been confronted again this time while walking through an airport and later on the plane. watch this. >> you want to cut climate priorities? is it eldercare you want to cut? >> senators implement. stuart: todd pyro, the president says that harassment is part of the process. what is your response. >> this is not part of the process. - the press secretary jen psaki walked back the statement and disavowed what they saw.

and and and on the dems side, when you confront a sitting senator on a plane where there is nowhere to go, and it is illegal to film anybody, it is encouraged among the liberal left -- >> doesn't it backfire, they are harassing them in a restaurant or will it backfire so that she gain support as opposed to lose it? >> cinema will gain support in arizona, manchin in west virginia, these fringes are ultimately what allow the warknockeds to win in georgia,

if you have a tough election in 3 to 4 years, i happen to think you were right, this is the latest eye-opening reason, what can they do to you and me. >> we are still in the green but hardly a majorly bounce from what we saw recently. president biden says we cannot guarantee the government will pay its debt because of senate republicans. watch this. >> not only are republicans refusing to do their job, they are threatening to use their power to prevent us from doing our job. it is hypocritical, dangerous and disgraceful, obstruction and irresponsibility knows no bounds. stuart: have a critical, what does republican rick scott

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stuart: are we playing bruce springsteen again. i distantly ask not to play bruce springsteen. capitol hill, 70 degrees partly cloudy, washington, democrats trying to change the messaging

behind the $3 trillion spending bill. they are deflecting from the price tread. >> they want to divide it by 10 because that is the investment spread over ten years and they think if you do that people will realize $350 billion year is easier to stomach than when you multiply that by 10 and so you want to invest $3.5 trillion but regardless, $3.5 trillion is not going to happen according to the president who made it clear to progressives that they need to come down even from there on the price tag. alexandria ocasio cortez tweeting i don't know who needs to hear this but $1 trillion bill is the annual budget for new york city alone but spread

thin for everyone in the us, do you think that is enough to be impactful, to be widely felt in people's lives, it is the bare minimum and yesterday we heard a clear message from the president that this reconciliation bill is not a progressive wish list, these are his priorities and progressives backed that up. alexandria ocasio cortez said the president is right, it does not go far enough. they wanted something to offer tuition free schools, lowering the medicare age and green new deal scale investments but there is also some wavering supports, the chamber of commerce druids backing for that will because they say it is clear the reconciliation package is linked together. stuart: thanks for joining us. look who is here, ashley joins

me in new york city, great to see you. the democrats are trying to look at everybody's bank account. how do you stop that? >> the financial privacy act and what we want is make sure the irs should not be snooping in our bank accounts. it is what these democrats are pushing, anytime you bring $600 working family could send that in. stuart: do you have the votes to pass it? can you see the time we don't want the iris looking at our bank accounts. >> you wonder why these packages, this is not right, don't want to pay for more irs agents.

mixed up messaging from the biden administration right now. stuart: donald trump holding a rally and i am seeing polls which show his approval rating is higher in i than when he was president. what do you say about a run in 2024? >> i was are ready to welcome him back because you see this chaos and dysfunction with president biden's administration. everything president biden touches he breaks, we know donald trump's policies were working. stuart: are you suggesting he should run in 2024? >> i'm suggesting his policies worked. i'm supporting policies -- obviously that is the process that will play out in iowa. the first in the nation caucuses for a reason so i love donald trump come all these candidates coming to iowa have great ideas and we need to

consider all those ideas because this administration, the biden administration is taking the country in the wrong direction. stuart: who else has come to iowa? >> mike pompeo, former secretary of state, marco rubio, tom cotton, nikki haley came last year, she probably will be again. stuart: four or five topline candidates. the people come to i. and they've got a lot of great ideas that put them through the ringer like they do it for every candidate and i have tough questions. i hope forms too. every presidential candidate, we are happy to have donald trump back in iowa. stuart: to see those candidates come through. a pleasure having you here, see you again. another interesting item of

political news, andrew yang left, has quit the democrat party. >> to become an independent. he described the two party system is stuck, saying he could be more honest about politics and politicians if not constrained conveniently. his book tour starts today, this is like bernie sanders saying he's not a democrat, he is a socialist. he supports universal basic income, open primaries and ranked choice voting. stuart: he was one of the most interesting, he was interesting. i don't like the idea, he was interesting. lauren: he said i ran for mayor and became a celebrity and people started treating me yesterday and i didn't like this power circle that politicians have. stuart: what did you get into politics for. that is the real reason. >> this is where people make

change. the futures point to higher opening. when "the opening bell" rings you will see some familiar faces ringing "the opening bell". we put them on screen for you and you will know who they are. our people will be back. ♪♪

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stuart: i will be okay when i recover from the hairspray. michael lee otherwise known as the bull in the china shop is with us this morning. would you buy facebook right now this morning? >> yes. you add facebook on weakness was the was lower that came out today is a smokescreen to give them more cover to sensor conservative posts and

conservative pages on facebook. it is the noose in the stock. their algorithms, it is highly addictive and the most effective form of advertising ever created. until something better comes along you want to add the stock on weakness. stuart: the case against facebook is pretty strong. they have been lying and politicians don't like that. from both sides of the aisle. some form of regulation that hurts their business i think is going to happen. if i was going to buy that stock i would have to think what damage it could do to my business down the road. >> mark zuckerberg spent several billion on this last election in terms of a nonprofit to secure drop boxes and other things in swing states, and swung the election for president biden.

the largest lobbyists in washington dc on both sides of the aisle so until politicians stopped taking donations i don't think there will be any regulation that is meaningful in the way of facebook, their too begins powerful and have too much money. stuart: not supposed to say this but only time will tell. still bullish, the bull market still to come, correct? >> correct. you've been calling me the super bull, the market will go in one direction until the fed becomes very happy and send us for a spin. jerome powell did that a couple weeks ago and once interest rates find a home whether it is 150, 165 or 178 we will start taking off again but while there is uncertainty in the interest rate market we will see some uncertainty and underneath that uncertainty rates go higher, tech becomes less favorable.

techs are at high multiples suggesting a economy that is low growth low-inflation and if we have higher growth cyclical value stocks, energy stocks lead the market. off to the races that could be months from now. stuart: once interest rates so we could be off to the races. "the opening bell" is ringing, you see familiar faces, fox is ringing the bell and the nasdaq celebrity the 20 fifth anniversary of the fox news channel. fox corporation chief operating officer suzanne scott, ceo of fox media. can you put that shot back up please? i want to see that. president and executive editor of fox news, sherry burke, president of fox weather and on-air talent right here from the start, neil cavuto is there, steve doocy, lorne greene, eric shawn, john scott,

congratulations, fox news, 25 years. let's get to the markets. the big board shows a gain of 130 points, plenty of green among the dow 30, also on the upside, just 4% higher. the nasdaq is down 5.3% in the last 7 sessions. take a look at big tech. big damage, facebook down 5%, backup one%. it is up one% after a huge drop. the whistleblower, testifying on capitol hill. what kind of regulation might we see after this bad publicity? >> speaking to social media executives what do you think should happen here? there are two scenarios but the

best case is a slap on the wrist, pocket change for them. do you have to raise the age of youth, it might go up, not a big deal. don't think there's a breakup of the company because retroactively hard to do when acquisitions are made in 2013 with instagram. you could have criminal charges brought against the company, criminal negligence headline to the public and the government for not exposing the truth. does that go up to the top? that will be hard to do. does zuckerberg get removed from facebook? a lot of people don't think so but a lot of changes below him, maybe even sheryl sandberg might be at risk.

stuart: doesn't sound like the changes that might happen would seriously interfere with facebook's ability. >> the worst day for facebook down 5%, up 20% on the year from an investor perspective. a long-term financial effect on facebook. stuart: a look at pepsi. looking good. do they have any supply chain? >> if you look at their statement, better sales, better profit raising the details salesforce cast, labor costs are going up, sales are recovering. a great take away, restaurants and movie theaters reopening. north american sales are slowing because they weren't as

great as they were in 2019. there some catch up being done. stuart: next question of the day, crypto stocks are rallying, cryptos are rallying, crypto stocks rallying, answer the question for me. i cryptos the new goal? >> numerous factors at play for bitcoin, options expiring causing distortion, short covering according to funds and bitcoin adoption in el salvador, using bitcoin, bitcoin funds back in vogue, $80 million over the past three years, 20 million is ethereum and the next bitcoin resistance, 54,000 but lifting the plays today. are you going to buy it?

may be? stuart: i'm not sharing my investment plans at this point. i have a deal. if i own a stock, i have to tell the audience i own the stock. i've not bought bitcoin at this point. energy price inflation, 78. >> 40,$000 a month, and it was bad for company costs which we talked about. stuart: natural gas went above $6 again. did i tell you yesterday, $6. imagine the effect of a cold winter. >> i saw lineups at the gas

pump and the uk. stuart: a downgrade. down 9%. >> to fox con, they not going to help much. a fifth of its value. and only worth $2. stuart: one of the former - >> tesla, $130 million, suffered an environment of racist abuse. and an arbitration clause in their contract. this is a class-action lawsuit

of other numerous accusations of a hostile work environment with racism and discrimination and harassment. stuart: $137 million to one guy. >> it is a group of workers who face similar abuse at tesla but the big story is they are going to have investor day which elon musk hold in austin, texas and promised to do it in a posh british accent. stuart: why? >> i thought of you and right off the bat. stuart: i will give you lessons. you are all right. dow winners headed by oil company -- chevron is near $79 a barrel. the s&p winners headed by -- can't read it. >> that is philip 66 marathon.

stuart: nasdaq winners, any big tex on their? 6:15 on netflix. >> microchip. i like how you project your hopes and dreams. stuart: now we are up 94 points. 34,000 just up a 12:45%. the 10 year treasury yield 150. gold 1755. no benefit from the inflation. natural gas 6:15, six% today. natural gas text up to 320. california, 4:41 on average for regular. pizza reviews, make or break a

restaurant. >> here we go. feels pretty good. stuart: dave portnoy is getting into the pizza business and will tell us about it when he appears on the show shortly. the gas shortage so bad in britain, deploying the army to deliver fuel. nigel farage tells us about that. of the country default on its debt, senate republicans will be to blame. republican senator rick scott response to the president next. ♪♪ iving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party.

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stuart: the president's agenda is on the brink. the president is pitching his spending plan. >> the president said he wanted to hit the road weeks ago but natural disasters and other business got in the way. he will be heading out to michigan an hour outside detroit focusing on why this infrastructure bill would make childcare more affordable. keeps getting in the way for democrats creating headlight for democratic leaders was progressives are demanding massive spending but moderates want to see the price tag trained in. nancy pelosi reveals the decision needs to be made on the size and scope of this package and she readily admits $3 trillion is not going to fly. arizona senator kirsten cinema got a near full on american

airlines flight monday, heckled by progressives, hard to see in the video but she's on the airplane, her objection to these spending bills, the president was asked about this monday after cinema was called into the bathroom over the weekend. >> it happens to everybody but they are not appropriate tactics. the only people it doesn't happen to our people who have secret service standing around them. it is part of the process. >> cinema called some of the behavior unacceptable and we heard from some republicans started to come to her defense that they will not tolerate this behavior and we are seeing protests in dc, it is unusual to see a senator heckled on a cross-country flight like that. as for president biden before he heads to michigan he will meet with house democrats to talk about all things spending and see if he has a chance to break the law. stuart: the president called

senate republicans hypocritical, dangerous and disgraceful after they blocked a vote to raise the debt ceiling. >> they refusing to do their job and threatening to use the power, their power to prevent us from doing our job, saving the economy from a catastrophic event. quite frankly it is at the critical, their obstruction and responsibility knows no bounds. stuart: here is a republican senator from the state of florida, rick scott. mister senator, hypocritical, dangerous and disgraceful. would you like to respond? >> that is exactly what he is, the same guy he didn't vote for the debt ceiling, let's remember, here's why democrats want republicans to come on board. the democrats can do this all by themselves, doing all the spending all by themselves, the white house, the house and the

senate, they don't need a republican vote except if we say we are going to suspend the debt ceiling so we don't have to talk about a number. they can do it by themselves but don't want to explain their plan to take the debt to $40 trillion. we are talking about this because republicans know unbelievable spending is costing, inflation - families are saying i don't have enough money to buy the gas to go to work and feed my kids, and can't buy a house anymore. it has gotten too expensive and cars are ridiculously expensive because inflation caused by ridiculous government spending. this is got to stop. biden is being a complete hypocrite here, democrats are doing everything else by themselves, they passed the $1.9 trillion non-covid bill in april by themselves, the reckless spending bill they will do by themselves but they

want us to cover for the ridiculous spending. i'm not doing it and republicans are not going to do it. stuart: we could get a debt downgrade like we did in 2011 because the political process to get the debt ceiling raised is so complicated and the trajectory of the debt is so strong. even all this wrangling you could still get a debt rating reduction. that will be a problem for the market. >> people have got to understanding, they are not going to raise their taxes to pay for this. people buying long-term treasuries, did they believe the american public is this stupid that we, they are going to elect people like me to raise their taxes.

i don't want us to default on their debt the democrats made this choice, that this is good for them, makes no sense to me, to anybody in this country. let's remember we've got to start living within means, you have to, american families have to, the inflation caused by reckless spending is hurting the poorest families in this country right now. this has to stop. we have to live within our means and democrats don't want to do it. makes you so mad. stuart: is there any doubt in your mind that we will default? that is the wrong way around. i am certain that we will not default on our loans. do you have the same level of certainty? >> absolutely. we have enough money to pay the interest if it was a default, the executive branch decided to default. our taxes are high enough. stuart: they are. senator scott, thank you for being here, good stuff, see you again soon. socialists are hell-bent on creating new entitlement programs that can never be taken away.

i say it is financial fraud on a vast scale. that is my take at the top of the 10:00 hour. my next guest says facebook's outage was almost certainly an attack. cybersecurity expert mark douglas is here to explain. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (video game vehicle noises, engines revving,) match (horns beeping, carsion. hitting one another.) (continued vehicle calamity)

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stuart: mark douglas used to run cybersecurity at eharmony. good to see you again. i want to talk about the facebook outage, was it an attack or power surge or what? >> in terms of what caused it it is clear the internet works a lot like real life. when you go to facebook apps on your photo website on a computer there's one protocol on the internet that looks at the address and another one that gives it directions on how to find it so the outage was caused by this protocol that gives directions so there were no directions for how to find facebook.com and basically people couldn't use facebook or instagram.

the question, what caused by facebook, self-inflicted by a problem they caused? most people in security think it was more likely an attack the facebook a few hours ago said they caused this problem themselves. i tended to agree this was something external. >> you have to be a real technical genius to pull this off if it was an attack. >> how vulnerable the internet is. how it worked, it was designed so that these protocols that most people heard of called bgp are not very secure so it is a serious vulnerability not only to facebook, what can't you

take off the internet, these protocols are vulnerable to attack and it has happened in the past. stuart: facebook has to be honest or have an investigation and come up with what happened. they've got to tell us. that is a big deal. what are we waiting for is the official word from facebook, how did this happen? you think it might be an attack? we will see. thank you for delving into this. big show still ahead. dave portnoy, brian kilmeade, charlie hurt. more varney is no can. ♪♪ i love the way you move ♪♪ i love the way you move ♪♪ i love the way you move ♪♪

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♪ stuart: this takes me back. i remember this from way back when. god morning, everyone. it is 10:00 eastern. straight to the money, please. we have the dow industrials up nearly 200 points and the nasdaq is is up over 117. that is nice bounce from yesterday. big tech, that was down, down, yesterday, today it is up but not a full recovery by any means. apple still at 139.

amazon at $3200 a share. big tech not fully recovered. this is probably one of the reasons why. the yield on the 10-year treasury has gone up to 1.52%. here is energy price inflation. look at oil, it hit many $79 a barrel. nat-gas moved to 6 bucks. you have energy price inflation especially if we have a cold winter coming. 10:01. the latest read on the services sector. what have we got. lauren: economic activity at 17 different firms faster than we thought. this is a look at the food sector, retail trade, health care, services to the economy and they're keeping up t was stronger than expected number, 61.9 in september. stuart: you have an immediate response on wall street. the dow up 234, nasdaq up 136. and encouraging report there now

this. don't be fooled, the socialists are hell-bent creating new entitlement programs and they figured out a way to get them in place so they never can be taken away. it is financial sleight of hand. actually i think more like financial fraud on a vast scale. they're not shy about their strategy. pramila jay apal cuts the price tag on a program. instead after trillion bucks over 10 years, 2 could be a half trillion over five years. getting price tag down to get the votes. jayapal's colleague on the left, ooc, fully fund what we can fully fund. instead of doing it for 10 years, you do it for five years. cut the time in half, cut the price in half, you get the votes. you get the program. that is how it is done. entitlements never go away, their costs always goes up. so a couple years down the road

the left will be back demanding more tax dollars for what they call essential programs. they don't care if the economy tanks or debt bomb explodes. they want to transform america. they don't like the way it is. that is the strategy, pretend the free stuff giveaways cost zero dollars to get the entitlement programs on the books and they keep going forever. the next month will decide if dynamic american capitalism prevails or socialism takes over. you're watching the second hour of "varney". ♪. stuart: scott shellady joins us this tuesday morning. yes it is tuesday all day. all right, scott, i will do it again, the democrats are going to shorten the time frame of a program so you cut the cost in half, thereby get it into the system so it is never taken

away. is that just run-of-the-mill left-wing politics these days? >> it is farcical finance. you call it financial fraud. whatever it is it is only being done, stupider, they think we're stupid. they really do believe their ideas are so holier than thousand, so noble they don't care what they have to do in front of your face by the way. they used to do it at least behind closed doors. they're doing it in front of your face, they believe no matter what, your ideas are, no matter what your ideas are so high and so noble that they can follow you into the restroom, right? they can badger you on a plane where there is nowhere to go. because you know what? it is all part of the process. the hypocrisy is part of the process. the lying is part of the process. that is what we're facing right now. they're going to fundamental change the way america works. you said it, don't like the way it is. look they're going to throw our

energy business under the because it is part of the process. they're going to allow millions of undocumented illegal aliens into this country because it's part of the process. it is part of the process of fundamentally changing the way you and i look at our own government and act with our own government. that is their goal here. stuart: if we get one entitlement program, one new entitlement program, it is all over, you will never get rid of it. the others will come naturally. friday, the jobs report, september jobs report, first thing friday morning. last time around the august report very, very disappointing. you're in the market. you know how these jobs reports can really affect the market. what are you expecting? >> well, if it has anything to do with jolts it should be a good number. i'm not against my country. i don't want to wish anything bad. i hope it's a great number. the problem is it put the fed in a pickle. you already talked about it on your show i'm sure.

they see inflation, throwing our energy business under the bus. they see what happened to those prices, nat-gas, gasoline, there is inflation all over. the fed is worried raising interest rates to fight inflation. at same time if we had another bad number like last time around. stuart, i've been in the business for 34 years. i would say to you in august the economic indicators were weaker than expected that would be the best i can say. the economy is not doing anything like we thought it would be doing at the beginning of the year. when is the last time we talked about raising interest rates into the teeth after tepid to weaker economy? never. never. stuart: never. >> so that's the situation we're in today. so we're fundamentally changing the way that we interact and view our government at the same time we might have to be raising interest rates into the teeth of a weakening economy. just unbelievable. stuart: it is just not going the right way, is it? that is a fact. >> not at all. how about this, a cornucopia of crises what i call it. stuart: you can patent that

expression. you might make money out of it. >> all right. stuart: scott, see you again soon. i will do this again. we showed you the video of senator krysten sinema confronted by activists in a bath room. we got that. the arizona senator was confronted yesterday. watch this now. >> do you want to cut climate priorities? is it elder care you want to cut or child care? >> we're asking for your help, senator. we need you. >> i want to know, as my senator, can you commit to passing a reconciliation, provide a pathway to citizenship? stuart: all right. bring in charles hurt, who is shaking his head at this video. charles, the president calls that, what we just saw, part of the process. what do you say to that? part of the process. >> well, in terms of joe biden's comments yesterday i got to say, for a guy who has been in politics for almost 50 years

now, he is so bad at it. what a stupid thing to say. it is so, the haughtiness, arrogance of it. it is really just kind of amazing that it is like, like a game of musical chairs in washington. the music stopped, he was the last one standing so they put him in the white house. he is really bad at politics for something considering he has been doing it his entire life but all of these videos, whether chasing krysten sinema into the bathroom or pinning her down in her seat on an airplane, the sense of entitlement that these people feel that they can go up and accost people is just astonishing. the idea that she is held hostage in a bathroom stall? where do these people come up with this stuff? the same mentality that tells them that they -- stuart: it is outrageous behavior. i cannot see how it would change krysten sinema's viewpoint or opinions.

it will enforce her opinion, won't it? make her even more, i will not put up with this, get out of the way? >> ant it turns everybody, it turns everybody that sees the video off. they're proud of it, by the way. each one of these videos there is a second person videotaping the entire exchange. this is where it is effective. apparently it is working because this sense of entitlement is the same sense of entitlement make these people believe whether they have children or not, i don't know, they believe it is okay to tack on five 1/2 trillion dollars that none of them will ever pay, live to pay off. they're basically living off of the sweat and hard work of their children and grandchildren. i mean, think of, try to imagine that in your own personal life? can you imagine spending your life trying to build up you know, we spend our lives building up, trying to build up something to give to our children. these people spend their lives, trying to build up something they take from their children. so they're left with nothing but debt. the thing to remember is,

$28 trillion in debt, every time ever that was paid for when washington spent it. it is the biggest lie there is. stuart: all right, charles, see you. it got to you, didn't it? it got to you. that is a good thing. >> indeed. stuart: charles, thank you very much. see you soon. appreciate it. we have the market moving. the dow is up 260. oil companies got to be moving. >> like deja vu the grind higher in energy. if you look at the leadership on the s&p 500 it is all energy. apache, phillips 66, diamondback. the dow jones industrial average hit with a rise with the economics services sector which we brought you a few minutes ago. stuart: i'm looking at netflix going up and up and up again, up 3% today. netflix is firsting with and all-time high. its top 10 films, if they were released in theaters they would gross a billion dollars each. that is a performance that

traditional hollywood would really die to see right now. stuart: absolutely. lauren: let me see. netflix might have hit an all-time high because they're so close to it. stuart: 622. up 19 bucks. lauren: about four dollars away. stuart: four dollars away? lauren: but they came close earlier. stuart: that is pretty close. albertson's, are we interested? lauren: they're down 2 1/2%. bmo cut them market to underperform. it was a raise. stuart: i want to move away from the market for a second and look at the concept of the mandate. you can't go to work unless you've been vaccinated. jpmorgan is changing the rules, is it? what are they doing? lauren: the banks are front-runner, jpmorgan says the unvaccinated cannot travel for business and can't attend in-person meetings. higher payroll deductions for cover testing and insurance. new employees in areas will have to be vaccinated. this affects the banks, not

branches, the offices. when you think of the banks returning staff to the office earlier than some of the other companies, really being a front-runner here, i think they see the costs of the pandemic and they're making this decision that look, maybe our companies, our employees do need to be talking to each other and not on zoom. secondly, that is what their clients are demanding. when you're spending money, dealing with large amounts of money, you want to see somebody, you don't want to do it overzoom. stuart: when you bring people back into the office, you got a liability problem. that is why they insist on vaccination. because they don't want to be hit by a lawsuit which says thaw allowed me to get covid. that is the problem. all right, it has been a rough few days for facebook. the site by the way is up and running again. right now the whistle-blower is testifying on capitol hill. she will say facebook put profits ahead of honesty. that hear something now. barstool sports founder,

dave portnoy has huge following but getting shadow-banned on social media. >> i'm being shadow-banned. instagram, 100 followers, that is a break. six comments on a video, no comments. nothing is working. nothing is showing up. stuart: dave is on the show today. going to ask him why he thinks big tech is trying to silence him. we'll be back. ♪

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♪. stuart: you're looking at the capitol, 71 degrees, slightly overcast. that is washington in early fall. now this. facebook whistle-blower frances haugen is testifying right now in front of the senate. jackie deangelis joins us. what is the latest? reporter: good to see you this morning, stuart. she is the whistle-blower testifying on the hill this morning. in her opening statement she will say this, quote, when we realized big tobacco was hiding harms it caused the government took action. we figured out cars were safer with seatbelts, the government took action, and when the government learned opioids were taking lives, the government took action. i employ are you to do the same here, end quote. haugen was a products manager at facebook and says the company put profit over people as it faces no real oversight. she filed complaints with the sec as the debate over regulation of social media rages on. in response to her claims facebook's director of policy and communications said in part, quote, every day our teams have to balance protecting the

ability of billions of people to express themselves openly with the need to keep our platform a safe and positive place, end quote. that statement comes after facebook's head of global safety testified last week that data showed that more teen girls suffering from certain issues found instagram more helpful than not. now that directly contradicts other date that indicates it is harmful to teenage girls and mark zuckerberg knew about it. meantime outages yesterday on facebook and instagram reportedly the worst since 2008. news after data breach? 1 1/2 billion users. the company saying it was a disruption in the network traffic that had a cascading effect how its data centers communicate. stuart. stuart: jackie, thanks so much indeed. i want to bring in congressman lance gooden, republican from the state of texas who joins me here in new york city. congressman, you teamed up with senator josh hawley on a bill that would let parents sue social media if their child has

been harmed by it. what kind of harm are we talking about here? >> the whistle-blower talked about how facebook totally disregarded the harms instagram causes to middle school and high schoolgirls. i think facebook has really gone out of bounds with respect to how they have infiltrated our lives. these teenagers are destroying each other with social media. the statement that i just saw on the screen from facebook, that they're trying to protect one's right to express themselves i don't recall that statement coming out after they banned donald trump from being on facebook, do you? stuart: i understand that i just wonder how can you stop, how can facebook stop youngsters taking pictures of themselves, altering their body shape, and getting nasty with each other about how each other looks? that is what you're trying to stop. that is where the harm is. how would facebook stop that from happening? >> i'm not a techie by any

means. i know they have protocols in place. they were very comfortable monitoring posts around the election back in 2020. apparently they stopped with the protocals after that. i know that they had safety protocols in place that they had discussed but they were more interested in profits and i think that they have got to do more. if they're, if children are harming themselves or each other with social media, someone needs to be held accountable, i don't have a problem with that being facebook. stuart: apart from your lawsuit, not your lawsuit, your bill, to let parents sue, what other form of regulation do you want to see at facebook? >> we were talking about major bills proposed earlier this year, that were breaking up big tech. doing quite a bit to rein in big tech. they said we want to monitor speech. i mentioned the president, president trump earlier but big tech has gotten to the point where they're so big they're controlling our daily lives. they have such huge powers. they have been unchecked. stuart: would you break them up? >> i would. democrats and republicans i

think will really come together on this. later in the month we'll take up these bills. it is one of the few issues people are united i believe in washington in doing something about it. stuart: later this month congress will take up bills which would break up facebook and it has support from both sides of the aisle. >> there is bipartisan support for these bills. the rumor it will be taken up later this month. with nancy pelosi who knows but she has indicated she is interested in that. stuart: congressman lance gooden, welcome to new york, great having you here. see you later. thanks so much. facebook has asked a federal court to dismiss the federal trade commission's antitrust complaint. what is facebook's argument, lauren? lauren: facebook says we're not a illegal monopoly because we bought instagram and whatsapp. facebook competes vigorously with tiktok, i message, linkedin, youtube, the sec cannot credibly claim that

facebook has monopoly power because no power exists. that is the sec chair should excuse herself because of the previous antitrust work. this saga continues. you see lawmakers try to come after facebook and -- stuart: facebook has not recovered much after yesterday's 5% selloff. they're back up 1.3%. they're still under significant pressure. lauren: moment of truth for them. stuart: the irs wants to know exactly what you're doing with your money. you heard that right. they want to snoop inside of your bank account, your personal bank account. we have a report. dave portnoy loves to give pizza reviews all across the country. watch this. >> one bite, there it is. man, oh, man, really, really good. this is spectacular pizza. when you think new york pizza, brooklyn, how have i not been here? stuart: well he has his own brand of frozen pizza. it is going to go and be in

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stuart: i believe we're at session highs today. the dow is up 411 points following a strong service sector report that we brought to you at the top of the show, the top of the 10:00 hour i should say. the dow recovered all of yesterday's losses. it is up 400 points. nasdaq up 168. susan is back with us. watching tech stocks? susan: look at the recovery we're seeing today. as you mentioned the nasdaq is down what, 5% over the past seven sessions. we're still up big for the year, right? one of the banner years, most people cap it off to go on vacation. i want to show you ui path which is cathie wood favorite. stuart: never heard of it. susan: you never heard of it. the stock is it up 100% past 12 months or so they are striking a deal with crowdstrike for robot path processes and a software-maker. there is one of the heavyweights

for cathie wood and arc invest fund. stuart: news on ralph lauren. used to work for them. susan: really? what did she do there? stuart: yes, in new york city. susan: ralph lausch ren has one the cleanest balance sheets. along with nike, under armour. look at the rally we're seeing there. compelling risk/reward. nike is worth 170 bucks. ralph lauren, 137. under armour 26 bucks. stuart: take it all. susan: cotton made, cotton has the highest price in many years. stuart: fun when the dow is up 400 points. susan: makes you feel better compared to yesterday. stuart: you can smile a bit more. susan, thank you very much. dave portnoy is the founder of barstool sports, got that. he says he is being shadow-banned on social media.

that his posts are getting buried. the man himself, dave portnoy joins you now. what do you think is their problem with you? >> who knows. so many people have different problems with me but you know i focus poke fun at politicians. poke fun at big finance, whole amc debacle. big pizza. i launched a frozen pizza. a lot of people don't like me. you never know the algorithm. dark secret. witchcraft. stuart: do you have any theories, any thoughts on the facebook major outage? >> i mean when you're that big of a company haven't had an outage in so long. i don't think there is anything beyond they had some tech issues. that old line with mark zuckerberg in the original social network, facebook can't be downed. shows how big they are because the entire world is freaking out. stuart: would you regulate them in any way? >> i don't know. i mean, i generally don't like regulation.

i do agree, i heard the segment before they do have a lot of competition. there is new competition all the time. tiktok, snapchat, you name it. they let them buy instagram. i don't really think they should be regulated to be honest. there is always crying and people will always cry about something. so this is just the latest in a long line f you're not complain about facebook it will be something else. stuart: okay. jpmorgan, ceo thereof, jpmorgan, bitcoin is quote, a little bit after fool's gold. you want to respond to that? >> again people say something new about it every single day. bitcoin is not going anywhere. it is too well accepted. i was one of the early people who thought it was kind of smoke and mirrors but, whether it was or it wasn't, no different than doge to a degree. once you get enough widespread support for it i think it is legitimate. i not comparing bitcoin with

doge. i don't have doge. bitcoin will be here for the foreseeable future. it is not going anywhere. stuart: do you plan to buy anymore? >> i would like to buy more. i don't have free money to buy. i have to make more money. stuart: it is widely reported that you made several hundred million dollars in your -- >> i'm not totally liquid here. i'm buying houses. i'm spending money on stuff. stuart: where are you buying houses? >> i bought a house in miami. i got one in the hamptons. i'm off to two good starts. we're trying to throw a yacht party. the penn which is the vast majority of my fortune, 200, anybody who bought it, invite only yacht party at my place in miami. stuart: what does a man like you do when all of a sudden he has got a very big chunk of money, couple hundred million dollars? did you, you go out on a spending spree? >> i spend it, stuart. i bought houses.

i like gambling on sports. i'm like jimmy buffet made enough money to buy miami but never meant to last. i didn't have any growing up. when i get it i spend it. i don't hoard it. stuart: were you at the game? >> i actually bet on the patriots. i love tom brady but i root for laundrie first. i was invited by mr. kraft, the owner of the team. it was a game i had to be there. i'm a die-hard patriots fan. been to a bunch of super bowls. tom brady given so much, even to barstool sports. i'm a patriots fan first. stuart: did you fly there in a private jet and did you have a personal box to sit in to watch the game? >> so i flew. i took a helicopter. i landed basically on the 50-yard line. made me feel really good. 10 years ago i had to wait in line 100 hours for a ticket. mr. kraft let me land at stayed

yum. we sat with him. with owner of the team. we were in his box. stuart: you're a major leagues personality. you're a brilliant entertainer. you know how to come across on television. >> thank you. stuart: which brings me to your one bite frozen pizzas. i understand they will be in walmart es across the country. >> yeah. stuart: i'm giving you a commercial here? where are the samples? i don't see a single one bite frozen pizza in the studio? if i invite krispy kreme on the show you get 3,000 doughnuts at the front door as i sampled. where is mine? >> stuart, you named it i can't keep them in stock. i can't find them. we launched last week. we sold 140,000 of them. walmart basically doubled their order. we have people crisscrossing the country looking for them. they're hotting than bitcoin. i can't keep them in stock. krispy kreme sit in the corner. we're flying off the shelves. stuart: dave, you are a genius. one of these days you will come on this show, yeah i made my

first billion. it won't be long, will it? it won't be long. i can see it coming. >> if i'm one billion you invite me on the show i will bring 100,000 cash and hand it to you. stuart: i can't do that, that would be a bribe get me on the show. >> [inaudible] stuart: you're all right, dave. thank you very much for being with us. great stuff. we appreciate it. see you soon. change the subject. got to. rioters demanded to defund the police in minneapolis, looks like that movement is starting to unravel. even democrats are no longer supporting it. we've got the story. look at this, a woman shove as person right in front of an oncoming train in times square, new york city, during the morning rush hour. how do new yorkers feel about the uptick in violent crime. watch this? >> would you take the subway by yourself at night do you think? >> i would choose not to probably. >> what do you think the cities and mayors have to do to kind of get law and order back?

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stuart: not quite the high of the day, but certainly up there. the dow is close to 400 point gain. nasdaq up 160. time to take another look at this one. a woman shoved a commuter into the side of an oncoming subway train. this was right in times square during the morning rush hour. just pushed right to the side of the train. got anymore on this? lauren: this is busy train station. this is the crossroads of the world where people gather, they go to work, and everything connects. a woman is shoved for no reason to the side of an oncoming train. she went to the hospital with facial injuries, but, there was shooting in times square. this is where the tourists come.

terrible look for new york city and try to recover and bring people back. felony assaults up 4.9% in the past year. rape up 4.4%. and grand larceny also higher. stuart: thanks, lauren. i want to bring in mike gunzelman. he went around city of new york asked them what they but the crime spree. >> people are scared around frightened. with the pandemic, many people left the city. for those that remained you saw a rise in drug use, homelessness and crime. i asked them if anything got better since the pandemic seems to be receding a little bit. ♪. do you think new york is safe now? do you think it is getting worse these days? >> not at all. new york has always been the same that it is. you know just be smart where you are and smart about what is going on. >> american cities are not that safe. >> i feel safe at night. my parents don't feel like i'm safe. they threaten to kick me out if i come to work at night.

>> i don't know if there is more or not. i'm no in new york right now. i have was told to be very careful. >> i don't feel crime has gone up. it always feels scarier because of covid. >> would you take the subway by yourself at night, do you think? >> i would choose not to do, because i'm a woman. >> what do you think the cities and these mayors have to do to get law and order back? >> they need to untie the police's hands, let them do their job. >> i think it is starting in the school system. i don't think the youth has as much respect for the law as they once did. >> i think the resources for needy people are not there, for homeless people, for people who have drug addictions. clearly they don't want to be on the streets but where else will they go? the social resources are not there for them at the moment. >> just in general are you seeing kind of different types of crime kind of picking up these days? >> yeah, for sure. the violent crimes like 20 years ago, the news may carry a shooting once in a while.

oh, wow, there was a shooting in my hometown. now it is every day. stuart: you know, gunz, there is a lot of problems in new york city and i suspect they're getting worse. our producers and myself, we come in very early in the morning. >> right. stuart: these outside eateries are taken over by homeless people. >> that is exactly right. we spoke to a couple different restaurant owners, saying once it starts getting dark, not 2:00 a.m. or midnight this is happening, seven, 8:00, 9:00 p.m., people don't want to go to the areas anymore because they're harassed by homeless people or whoever these people coming up to them. but on top of that of course everybody has the outside dining areas. a lot of them are nice. they're being taken over. i spoke to a couple restaurant managers, they said in the beginning they would complain to the cops. all the people would do, walk around the block. they're right there. you can't call the cops every single night. you combine that with the fact subways a lot of people not taking subways at night, because

whole crime underworld right there. also i was at madison square garden just this past weekend and the drug use and the needles, this isn't people smoking pot, but needles all around. you feel scared walking around. it is no way to bring people back to the city. i live here, and i don't feel safe. stuart: we have reports of lots of package theft from the lobby of buildings. fedex delivery, whatever it is it is gone. >> no consequences. there is no consequences. for those that live here you're looking over your back. you feel anxious. people getting back to a routine. you have literal lunatics on the street. there is nobody around to help you. i feel terrible especially female standpoint trying to get to work, perhaps early morning, coming home late, definitely not a safe environment. stuart: gunz, great report. thanks for being here. now activists confront senator krysten sinema again. this time at an airport and on a plane. according to the president it is all just part of the process.

we'll discuss that for sure. the largest private health care provider in new york fires 1400 employees who refused to get the jab. brian kilmeade will take that on next. ♪.

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stuart: i'm going to call this a rally, a nice bounce after yesterday. the dow is up 400. nasdaq up nearly 200. let me show you some of the nasdaq winners now headed by goldman sachs, chevron and nike. i'm sorry, those are dow winners, i do apologize. all across the oil companies are doing well because oil has gone up to$9 a barrel. -- $79 a barrel. nasdaq up 4%. a very solid gain, $628 per share. how about facebook? they're on the, kind of in the, in the dock today so to speak. there is a hearing going on. there is the whistle-blower. that is frances haugen. she just said that nobody is

holding zuckerberg accountable. that is what she just said. heavy pressure on facebook but the stock is up six bucks this morning. that is 1.8% but do remember it was down 5% yesterday. so it is not much of a turnaround for facebook this morning, although back to 332 as we speak. all right in a couple of seconds it will be 10:51, that means it is time for brian kilmeade. there he is right now. brian, as you know this the largest health care provider in new york, northwell health, has fired 1400 employees because they refused to get the jab. where do you stand on this? i say get vaccinated but no to a mandate. where are you coming from? >> number one the way i feel i'm outraged by it. number one these are health care workers already been through so much last two years. number three, you're 95% vaccinated. you're there. same thing with schools. you're there. we have heart immunity, natural

immunity from people had it already. enough. why you continue to polarize the country. there are real good reasons they don't get the flu shot. they get inoculated. they hear stories underlying conditions. they hear stories about 17 years olds with fluid around the heart or regardless. you fire them, get another job, 1400 strong? they're making decisions for themselves and look around. this delta variant is stopping. it is falling off a cliff just like israel. just like the uk. it is just in the upper northwest right now in this country. we have turned the corner on it. let the american people live their lives. stop firing them. stop getting in their business. stop telling them what to do. stuart: well thousands of unvaccinated new york city school employees, they have been placed on unpaid leave. mayor de blasio says he has 9,000 substitute teachers who have been vaccinated. they are going to fill the gaps.

when this kind of thing is going on what is the judgment of the stay of play of education in new york city schools? >> i was struck. there has been 480 deaths from kids since this started, 480 too many, i get it, statis click compared to the flu, drowning, car accidents, any accidents living their lives, they're way above the number of people that kids lost their lives do to covid-19. i'm sure if you examine those numbers there are underlying conditions. it doesn't even add up. if you do a statistical chart, you can't get a bar graph small enough. what we're doing, separating kids, putting them in plexiglass, putting them in masks, telling teachers to get vaccinated to protect them from what? freedom and balanced childhood? i have a problem if these teachers stayed out of school when they're worried, now told to go get a shot they won't do it. you can't have it both ways. my goodness, they're already 95%

there. there is a lot because school system is huge. handful of principals, a lot of cafeteria workers, other workers in around the schools and teachers. they are the ones who have to get another job now, laid off without pay, can we stop traumatizing kids again. stuart: please, please. >> subs don't know what they're doing for the most part. they try to keep something going. these teachers barely have any time to get the kids on track yet. stuart: there is plenty of outrage out there, plenty of outrage to go around, then there is this. i'm sure you have seen this, brian, activists confronted senator krysten sinema at an airport and on a plane. the president says this is all part of the process. i'm outraged at that. >> yeah. i'm stunned that the president got that question from peter. i thought, okay this is a question he can handle, express outrage and concern. instead he says well basically comes with the landscape if you don't have secret service. really? when is the last time you were harassed outside after bathroom stall while teaching a class

when you went to get a short break? when is the last time you were locked in an airplane with someone screaming at you, demanding that you vote a certain way, you have nowhere to go? you get off a plane, on a phone call being screamed at. that is not par for the course. i'm concerned between manchin, mitt romney, lindsey graham, i'm concerned that the president doesn't get it, that we're getting out of control. you're in a kayak harassing joe manchin's houseboat on a weekend? how empty is your life. >> we hope it backfires. >> stop the stalking. stop the harassing. stuart: stop it now. i'm out of time, brian, could go on for a long time if i have to. >> see you in the halls. stuart: okay. big show still to come in the next hour. look at this matt schlapp, nigel farage, heather macdonald. heather talks about the uptick in violent crime in new york

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>> that is what president biden wants to happen. we don't want to pay for more iris agents, we need to fund border patrol agent. >> we are going to see some uncertainty and underneath that as rates go higher. >> the downgrade is coming and that spells trouble for the market and to think nancy pelosi will write a check for the money you losing your retirement account you need to take action, give yourself some protection now in the event things don't go well out of the chaotic washington. >> biden is being a hypocrite, democrats are doing everything themselves but want us to cover for their spending. i'm not doing it and republicans are not going to do it. >> biden's comments yesterday, forgot who has been in politics

almost 50 years, he is so bad at it. stuart: 11:00 eastern time on tuesday october 5th. let's look at the markets, we are in rally mode. dow is up 400, nasdaq up 200, s&p up 57, big tech really way down yesterday. it is coming back today, not all the way by any means but that is more solid bounce than we were seeing earlier. the whistleblower testifying right now saying no one currently holding mark zuckerberg accountable and facebook has come out and they say there is no malicious activity behind monday's service outage. we will bring you more headlines from the hearing as soon as we get them and now this.

the president plays the blame game. when something goes wrong he's very quick to deflect. it has become a pattern in his presidency. tuesday he blamed senators manchin and cinema for his failure to secure a spending deal. he would not condemn the protesters who followed senator cinema into a bathroom stall. it happens to everyone, he said, part of the process. because the senator was harassed again this time at an airport and on a plane right after the president blamed her. the president blamed the afghans, bemoans their collapse without mentioning we left bagram airbase in the middle of the night. and and the migrant flood started on trump's watch. and he blamed them for doing their job and said he would make them pay.

the possibility of a default on our debt, biden blames the dangerous and disgraceful republicans. democrats could do it on their own but the president blames his political opponents. he will probably blame the republicans for climate change if they vote down the green new deal. he blamed the unvaccinated for new covid cases even the caseload is in sharp decline. the president should be looking long and hard at his own policies and performance. afghanistan, open border, tax and spend, the green new deal. when things go wrong you can't always blame everyone else but the crises keep coming and the president keeps blaming others. 14 months to go. third hour of varney just getting started.

matt schlapp is with us. we need a strong conservative voice on the program. there's only a few of us around. are you surprised the president keeps playing this blame game? >> he doesn't have a lot of options. president obama did this with george w. bush until five years into his presidency, always looking back on his predecessor. the hard thing for senators and they never have been responsible for anything. they've never run anything at president biden finds himself in charge of the world in some ways and having a lot of trouble loading his constant defeat so that will be donald trump's fault. stuart: i have been harping on this all morning but i have a sense of outrage at this harassment of senator cinema. we have all seen the video of her in the bathroom and at an airport and on the plane. is it possible this outrageous

behavior will backfire on the protesters and strengthen cinema's position and weaken the radicals? >> none of this is spontaneous. all of this is organized and funded by the left and the reason the white house isn't calling out this behavior is because this behavior of attacking these senators is being done to push through this $3.5 trillion budget busting bill, they are very good at this street theater which sometimes can be violent and deadly and this is a dangerous thing in our politics. if you want to lobby your senator go show up at a townhall. joe manchin and christian cinema are very available. this kind of aggressive threatening i think is wrong. you will happen to joe manchin and christian cinema? they will be more popular with republicans in their state, it

will drive them further from the socialist agenda so i would be quiet on that, ask them to keep it up because it's not going to help. >> i think the democrats are desperate to push through one entitlement program, maybe more on the books before next year so they have it on the books and it will be there forever. they are desperate to do that. do you think they will make it? >> yeah, we are so focused on $3.5 trillion has a number we are failing to focus on the terrible socialist policies like the green new deal and free junior-college and free daycare and all the things that are in it and they will get this number down lower, democrats might jump on board and it will become law. to the republican party i have a message. if you allow the democrats to keep adding entitlements every decade that you refuse to take back out of law we are in a

flight to socialism. if we get power next year we've got to end these programs. stuart: that is of difficult thing to do. once the government gives you something, very hard to take it back again. always appreciate it. look at those markets, the dow was up 150 points, nasdaq is up 228. we need a guy like mike murphy. the king of by the dip, with us for how many years. you have always been successful. >> coming live from the bronx, absolutely. this pullback, 6% off of recent highs is a great opportunity, missed out on high-growth or missed out on the market in general, and over a week or

two, if nothing has fundamentally changed, and continue to look, the s&p comes down to a 10% pullback, more money to work there. stuart: facebook is a special case under a great deal of pressure, the whistleblower testifying right now. >> very early owner of facebook shares and i sold them 150 points ago. i own facebook through the q? etf but individual shareholders, there is too much headline, we don't need it. the reason i sold the individual holding in facebook was i didn't agree with what zuckerberg was doing as far as censorship goes. i own the overall market and i would advise people to stay away from facebook because

there is too much risk you don't need. stuart: you are a long time investor in uber and it is not done well, it was $42.3. you are smiling. i'm sorry to bring this up but are you sticking with uber? >> uber is at one of our largest holdings, still believe in the company, had a nice move up recently but rallied from when we talked about it, moved into the 60s and came into the 40s giving them an opportunity. there are many levers to pole. it will be as the ceo, it will be a profitable business. an opportunity to get into uber. we haven't sold any and continue to buy on any. stuart: when you joined the show are you playing golf somewhere? >> i am at trump links in the bronx just outside manhattan.

if you listen closely, you can hear the bagpipes in the background, i came here to support the new york city firefighters. stuart: i don't care what they say you are a good man especially for doing that. good luck. general motors is up not very much. >> going all in on electric, announcing another battery project, this one in michigan, hundreds of interviews and testing better batteries. the goal is to bring the cost down from $2,000 to $6,000 and then on par with gas powered cars. stuart: all on the electric. i can understand that. >> the battery the secret is to make the battery. stuart: the industry, everybody is doing it so everybody is competing on electric cars and batteries. lauren: let's look at tesla shares. he would think the news would hit them, they are up to date too. how we drive is electric.

stuart: for this calendar year is negative. >> unbelievable when you think how many amazon boxes people get every day. a little bit of a recovery, talking potential regulation on capitol hill that could hit facebook, could hit amazon and other big tech and one idea being circulated is a on the number of big tech users. the federal reserve did this with the fake account scandal at wells fargo. assets to $2 trillion. could you greenlight a for users for big tech companies, that will hurt the tech companies. stuart: just talking about uber with mike murphy. what is he called?

>> notification. stuart: free food coming in hot. lauren: you don't use delivery services, that targeting is very inaccurate these days. stuart: they've got to change the algorithm. you have 600 bucks in the bank? president biden thinks the irs should be allowed to snoop on your bank account. we've got the report. the whistleblower monitoring it and bring you the highlights. president biden just named his pick for the top bank regulator, a law school professor raised in the soviet union. she would effectively end banking as we know it, he opposes her nomination. ♪♪ money in the bank ♪♪

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stuart: you are looking at capitol hill where facebook whistleblower is testifying about social media's impact on young children. ashley webster has been watching the proceedings. what is the latest. ashley: fascinating to listen to this because it feels like you are looking behind the curtains at the inner workings of what goes on it facebook. the former employee, now whistleblower, is quite astounding, she basically says facebook can't protect us for the harms they know are in their product and she talks about the impact on children. she says facebook knows, she claims, that facebook is

leading young girls to bed content, issues like anorexia, body image, they know they are doing that. she brought up an interesting point. getting younger users is one of the aims because younger users could be lifelong users and bring their parents along with them. parents today don't understand what is going on. the addictive policies when it makes these young teen girls peaking at around the age of 14 according to haugen they are addicted to feeling bad, they don't feel good about themselves when they are on instagram but the way the algorithms work they constantly are brought back to the platform so it reinforces the negative activities. there does need to be

regulation not so much of overall contents but the algorithms she claims facebook manipulates all the time and it is all about she says profits above everything else, profits above safety, profits above over young girls future health so there you have it. interesting stuff. facebook's reaction will be interesting. a b1 very negative stuff for facebook at this point. let's turn to real estate. home prices continue to rise coming young people turning to renting to avoid those high prices. madison allworth in new jersey, are there extra incentives being offered to get renters to move in? >> during the pandemic we were seeing that, we see a month off and no broker's fees, rent is still superhot so you are not seeing those cuts they were giving to renters. the homebuying market is

supercompetitive right now. you are seeing higher mortgage rates, 3.one%, the worst we have seen since 2008. it is tough out there. without those incentives rent will be cheaper than mortgage in most markets and that is why you see young people go to get what they can afford. median income in the us, pay for median house, you have to allocate 32% of income so for some it is not possible. that is why you are seeing people turn toward rent. we spoke to the chief economist who says mortgage rates are only going to go up, take a listen. >> mortgage rates will put the final breaks on the housing market. the advantage of waiting, there will be less artificial mortgage rates because it is more expensive. >> mortgage and home prices are shooting up but -- 23%, income

just up 3%, so renting is only an option for some people that can't afford to buy that home. in a recent survey by lending tree, found 50 of the major markets are more equitable for renters. that's why the only option for young people. stuart: in the real estate market it seems inflation is hurting renters and people who wants to be renters and that is the way it is. thanks for being here. you can catch all new foxbusiness prime episodes tonight. first american dream home at 8:00 pm eastern, mention global at 9:00 pm eastern, starts tonight on foxbusiness. president biden has tapped saul omarrover to be the next controller, i know you have a

problem with saul omarover, what is it? >> every american should have a problem because she is aptly wrong for america. biden midas will nominate a cash for vladimir putin himself, she's a graduate from moscow state university, she received the lennon academic scholarship. that should disqualify her from leading one of the largest banking regulators in the country. stuart: what does she want to do to the banking industry? does she want to change it and if so how? >> she was advocating for ending banking as we know it and moving american finances from private banks to the federal reserve. she argued in the paper she titled the people at ledger she wants to make private banks like mine, chickasaw community bank, a non-depository lender and called for nationalizing retail banking and having the federal reserve allocate

credit. this is a radical with stalinist views and she praised her home country, the soviet union of gender pay gap over the united states. this is frightening that every american should be paying attention to what president biden is trying to promote. stuart: she has been nominated to this decision but hasn't been confirmed. >> that is and many senators are raising skepticism and concern about her radical views. even the wall street journal has reports that janet yellen herself has concerns about this radical ideologue who was a friend to everything we know about capitalism. stuart: that is news if janet yellen is hostile she must be way out on the left. tw shannon, you are all right, see you again soon. >> always a pleasure. stuart: that is a rally anyway you slice it, dow is up 470, nasdaq up 222.

look at the banks, they are doing well especially goldman sachs. there is. it is up 3.4%. 386 is the price. that adds 80 points to the dow industrials which are up 466. the irs wants better look at your personal finances. come back in, ashley. check your bank account. you could want that? ashley: as if tax filing wasn't invasive and of the irs indeed wants to review every checking amount above a $600 balancer with more than $600 worth of transactions but basically every american with a job could be under the microscope. treasury secretary janet yellen is promoting the plan saying it will help catch will the tax dodgers believing they will report income more accurately if they know the feds have their account information.

critics calling it a massive overreach and privacy breach waiting to happen while many state treasuries and auditors are pushing back saying they won't comply even if the reporting rule takes effect, that proposal now being debated in the house but that is overreach. stuart: for the first time in 20 years donald trump is not included in forbes list of the 400 richest americans, it is worth $2.5 billion, lost 600 million since the start of the pandemic. a middle school removing effort from the grading scale. and look at the market scan, that is a rally but much more varney just ahead.

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stuart: should have known. i am a miley cyrus affection auto. that is the white house, 69 degrees. that is a bounce from yesterday, did start strong this morning, 450, 210 on the nasdaq. >> that you were going to roll your eyes, what is this millennial music they are playing? miley cyrus, the supply chain facility. for the retail staff during the peak all of a season, targets minimum wage at $15 an hour. stuart: you are looking at $17 an hour at certain times on the holiday. >> it is going to be busy. stuart: what have you got on

best buy. >> it is total tech, and it is the recurring revenue netflix model they are implementing. stuart: $200 a year and what do you get? >> you get repairs, and if you need somebody to install it. stuart: income screen of the crypto plays, bitcoin back at 50 grand. >> the total tech membership program. stuart: it is good for someone like me, and one computer and you can take care of my

computer. >> my service is free. and back above 50 grand, robin hood offering 24/seven customer service. the coin bases -- stuart: i got that. great to talk about a rally. the author of plant your money tree, that book is a guide to growing your wealth. which youngsters put their money into to grow their wealth? how about bitcoin? >> they give a more general answer because the best investment is in some form of education that what i like to

call having a context. stuart: we deal with real investment here. if i put money into facebook, microsoft, i have a rate of return, return on my money. if i put money into community college that is not the same kind of investment. >> i'm not talking about that type of education but in the market you did some great examples. we had a decade of easy money. that could change. a big difference between buying a depend the following knife. if you look at something like facebook where was a goodbye on one it? you would really be underwater buying it when it went down and then have a little green. you need to have something to sink your teeth into whether it

is bonds and how they are affecting the market and charting knowing about a moving average would be helpful so you can make good decisions and money management and risk re-ward. whether it is a short-term investment or long-term investments. these are the things i'm talking about when i say education, even meme stocks use a technical analysis with moving averages. stuart: i didn't come after you for my misunderstanding of education but i would like to know how education as you define it could help me decide to buy the dip or not. >> for one, it would be historical price patterns. i'm an old commodity trainer and we understood two things, praise and momentum and the best way to do this is look at

historical price movement, the simplest thing to do and to have some understanding of how the market works, and only influential for so long so these are questions people need to ask and if you understand where to put your money as far as having this knowledge and look at some of these mega trends and artificial intelligence, block chain technology, if you're into eating, these are things technology as well that will continue to grow. stuart: i will try to educate myself. thanks for being here. we appreciate it. the company rent the runway, you can rent designer clothes will go public getting ready to file for ipo. rent the runway turned money last year. >> losses with the digital

clothing rental platform grew last year, subscriber base fell, tumbled some would say during the pandemic with fewer women adding to their wardrobe. rent the runway and use the rent clothes on shop, secondhand merchandise from hundreds of designer brands. last year the company subscriber base dropped to 95,245, in 2019, and by the way revenue last year plummeted 39%. the company says it is improving winning coaster is back and is preparing to go public and rent the runway will listed stock on the nasdaq under the symbol rent, r e in t. stuart: a little sarcasm. democrats slamming plans to defend the police in minneapolis. is that the funds movement over? i will ask heather mcdonald.

the bridge army delivering fuel to gasoline stations in britain, there is a major trucker shortage. nigel farage will tell us what is going on over there. he is next. ♪♪ ♪♪ pecific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. that building you're trying to buy, for a prospectus con- you should ten-x it.on. - 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, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good.

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stuart: as of right now the dow is up 400, the price of oil at $79 a barrel. we are well over 6 bucks right now, 621 per million british thermal units, looking to me like an 8 year high. a gallon of gas ticking up, looking at 320, up one dollar and $0.02 from this day last year. let's get to britain. in the uk the british army, the

army is delivering fuel. nigel farage is with us. you are the father of brexit and 400,000 foreigners (including a lot of truck drivers. it is your fault. >> we were told there were 3 million, 6 million registered, the answer to that is how many more million do you want and the truck driver shortage, they are on the deck of a national emergency. there was a truck driver shortage across the whole of europe, foreign drivers from europe apply, do you know how many applied? 127. it has nothing to do with

brexit. it has to do with driving down standards for drivers that have been paid 15 bucks an hour for doing the responsible job and because of european rules, spending three or four nights a week sleeping on the side of our main roads. no money, dangerous conditions, race to the bottom in terms of money, people fled htv driving. driving vans, delivering things house to house for better money and better conditions at a shortage of drivers in western europe, the fuel crisis we had was unbelievable. i come from the country of kent, the worst affected by this and i was so relieved to see lads from the british army delivering fuel. things are gradually easy but

we face the problem are we going to have turkeys, supermarkets running short and this mess where if you drive wages to the bottom and nothing to do with brexit, european rules got us in this mess. stuart: how bad a crisis you face in britain if you have a cold winter? i'm told it could be really disastrous. >> it is worse than that. boris johnson is saying the saudi arabia of wind, display of many of these, many of our seascapes. that is good when the wind blows 20 to 35 miles an hour. that is a maximum operation. in september, wind energy only

produced 2% of our energy needs which means we need gas to back it up which makes us dependent on vladimir putin who supplies the natural gas market in recent weeks which the price is going through the roof, strategic reserve for one.7% of annual national needs for natural gas to produce electricity. we face, genuinely, the prospect the lights could go out in this country in february and that in the modern world because of digitization, is valued more than it has ever been, let's cut carbon emissions.

for economic suicide in the name of growing green but a conservative prime minister is completely adopted for this ideology for many millions who voted for it. stuart: how much longer will voters pay this high price for going green? they don't answer the question. how much longer do we support this? thanks so much. we now have 28 of 30 in the green, it is up close to 400 points. a woman is pushed towards a moving subway train in times square. on the right, a street fight, released this new video of a wild gunfight in the bronx.

youngsters firing guns at each other in the street. heather mcdonald will talk about the rising crime, the threat thereof in new york city. ♪♪

stuart: this is what you live with in new york city, a woman is pushed into the side of an ongoing subway train in times square. she survived. hours later a man accidentally shot himself in the same subway station. we've been showing you the street fight in the bronx, the police released a video of something that happened last month. that was a fight. kids brawling, fighting with guns in the streets. heather mcdonald has written about this and joins us now. why is crime surging in new york and other cities? >> they backed off, we sent a message that this is a white supremacist country. people are acting out. with regard to the subway pushing which is one of many that happened on a frequent basis now we only see half of the incidents but it may be a racial hate crime.

when the democratic politicians and the press constantly send a message that systemic racism is the defining feature of america we shouldn't be surprised to see people acting out. stuart: in minneapolis it was a hot spot for the defund the police movement. now i understand some democrats are calling those plans shortsighted. is it too soon to say the defund the police movement is over a winding down? >> it is too soon to say because to my amazement people like ilhan omar pushing this idea, they are completely ignoring the consequences of their poisonous vitriolic rhetoric. the first 6 months of this year than in all of 2019, 10 children under the age of 10 that had been shot, several killed, young high school graduate shot in the throat

august 20 fifth getting off work at midnight, she will probably never speak again. the idea that the cops are the problem is pushed by the democratic left. stuart: a successful strategy pushing the defund the police movement when you have this explosion of crime. do those politicians who are still pushing it, are they getting support? >> they are from their base but i don't think this initiative is going to pass. it is too ludicrous. we have artie basically defunded and demoralized the cops in minneapolis. street stops, traffic stops dropped 85% after the george boyd riots. here's who else is getting assaulted in minneapolis, the cops. when they go to break up these completely insane fights and brawls and shootings in downtown minneapolis they are pelted with rocks, bottles, anything that will injure them.

this is building on a phony democratic narrative that systemic racism characterizes policing in the country. that is not true. the cops are not the problem. criminals are. we have unleashed that. stuart: thank you for joining us and speaking the truth. we appreciate that. then we've got this middle school in minnesota which will no longer be able to grade f. the school says it will help fight racism. he wants to explain that? ashley: you have to follow me. sunrise park middle school says it will eliminate the f grade and instead focus on the process of learning. the school's principles the grades will not include behaviors, attitudes or the assignment was turned in late or on time. instances the school students will retake tests and quizzes and revise papers and projects within 10 days of grades getting posted.

the school website mentioned an equity audit have been conducted and grading disparities among students of color, one of the largest areas in which systemic racism and iniquities are perpetuated. from now on, no more f grades. stuart: that will solve the problem. the tuesday trivia question. was the most played jukebox song of all time. that is a key one. i might be going for elvis. we will see. give you the answer after this. ♪♪

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stuart: well i'm going do bring ashley into this one because i really, up the street, up the creek. i when is the most played juke box song of all time? do you want to guess, ashley? what do you think it is? >> i am music crazy, righteous brothers, you lost that lovin' feeling. when i saw the four choices, lynryd skynyrd sweet home alabama. stuart: i would have said hound dog. let's reveal it. what is it? crazy, patsy cline.

you know what the original name of that song was? it is not crazy. do you know what the original name was? >> nuts? stuart: stupid. good decision. who would have said that patsy cline, "crazy." i don't know where they get the questions but our time is up. neil, it is yours. neil: thank you, stuart. technology stocks a real turn around there. a lot of technology stocks are seriously under water going into today? almost all the prominent names are at highs. attention for the time-being appears to be on facebook. not only head, founder of that company, mark zuckerberg looking at a loss on paper, on paper, of aboutbillion dollars