yield communities. they have more on a tax basis for much less risk. they're going to be even more than. >> great idea guys thanks so much. to read more check out this week's edition of barron's.com for dpending, taxing or regulating don't need it. save america, killed the bill. ♪ ♪ collects from the fox studios in new york city at this is the marie bartiromo wall street. maria: happy weekend all parade that analyzes the week that was an helps position you for the week ahead. i am maria bartiromo. a wild week of triple digit swings as markets digest washington's debt debate and another disappointing jobs report. cornerstone map is here joining me on where things go from here. plus, dumping the democrats, andrew yang ran for president

new york city mayor as a democrat. and now he says he is leading the party but he will tell us why and what he thanks about the state of democrats today. and feeling the pinch. americans are now paying over a dollar more a gallon for gasoline than last year's oil prices hit a seven-year high. georgia congressman buddy on the policies that god is here but we also get his take on the vita ministrations push for the irs to spy on your bank account. they want to know about every transaction above $600, but first let's take a look back as of the top newsmakers on mornings with maria in its edition of the week stalkers, watch. ♪ ♪ doubling the number border agents among this preparation you're doing obviously comes with an expense for. >> of billions of dollars which is a significant number even for a large state as texas. we are spending more money on border security that we've ever spent and that money keeps going up eclectic got the president print secretary

pushing the idea that banks should report transactions of $600. >> i think it is a dangerous idea for several reasons for a number one it is an incredible invasion of privacy. maria: why is china considering to cover this up why not come clean with the world? >> i think chinese leaders, if they know which they probably do, how this pandemic started they have done their cost-benefit analysis. they think they can cover this up like they have done so many other things. maria: here's a look at where markets ended the week is a wild week for stockmarkets. a deal was made to delay hitting the debt ceiling but we saw a big mess on the jobs and number are out on friday paid the number of jobs added in september only 194,000. the expectation was for 500,000 jobs to have been created. however the unemployment rate

dropping to 4.8% prejudgment right now is the cofounder of cornerstone macro nancy. it's great to have it this week and thanks so much for being here. i thought is really interesting to see the unemployment rate go all the way down to 4.8%. you had 194,000 jobs created. what did you make of the september jobs report? >> once you peeled through all of the new shed and the detail it was actually it okay to healthy report. the drop down a rate as part of the easiest rate to see that pretty did have a sharp drop of the number of people who obviously encouraging. he did have a slight drop in the labor force participation that could be noise. if you took off the government workers which could have been a seasonal factor private sector was over 300,000 hit over 100,000 revisions to the private sector job in the past several months which has been a trend. i knew her up about 450,000 from private employment if you

look at the revisions. it was actually an okay report. what is important to remember is you side headwinds to the employment data in september. one you side the extended unemployment benefits they did not expire until september 6. two, the lag effects of the delta very will probably continue to hold down the travel and leisure sector. now both of those things are gone. so i would argue you are going to see stronger employment numbers. much stronger employment numbers the fourth quarter. >> we are looking at where the jobs were in the month of september your job growth and hospitality, manufacturing trade and transportation. interesting to see job creation they got a shortage of truck drivers among the supply disruptions. nancy and look at one of the most recent reports quantifying covid and jobs by states. we saw lots of movement state-by-state. elon musk saying he's leaving california going to put the

head quarters of tesla and texas now. it is the state of states and where do you see the economy within the united states? >> one of the things we've learned and pulling apart the state is that one, if you have really stringent rules under covid you lost more jobs. too if you're somewhat of a business unfriendly state you also had a lower job growth. in fact florida's top five texas new york, california, new jersey, connecticut, all have unemployment rates of over 7%. in contrast to states like florida, federal unemployment rates only 5%. there are several factors that have job growth rate one business really are not, covid stringency rules in general and unemployed extra unemployment benefit. the bottom line is the less restraint, the more business friendly the stronger they have. the middle part of the country unemployment rates are on average below 5% more as

unemployment rates on the coast are still 7% or higher. that really summarizes where you had more business friendly or less restrictions due to covid. maria: i wonder people do not want to go back to work because they getting all this money thrown at the economy. right now lawmakers are tibetan and three -- five actually dollar plan lots of incentives and government programs. >> this is actually one of the healthiest job markets we have seen in a long time. like he said the unemployment rate up, job opening data almost 11 million job opening. there are roughly 8 million officially unemployed people. you have more job opening something is wrong. in part related to delta also the extended unemployment benefits. maria: i wanted this report on jobs will change a federal reserve position. the fed tells will start tapering in november, is that

change things? i love your report on the impact of oil prices. it used to be oil was all clipped $80 a barrel he worried that would cut into economic growth. the rate that oil prices and not what they used to be in terms of the impact of the united states. >> at first on the feds probably not. that's not a real good job for this whole crisis in implementing policy. on the oil increase on average is a big headwind to the u.s. economy, but within components of the economy it is he gets clipped a little bit particularly the low-end consumer which is frustrating to me. capitol spending its will bit of a booster shot. you've seen the topic but the oil recount is up, capitol spending even to the second quarter was already increasing. it's not going to be a huge tailwind as it was probably

more similar to 1618. maria: thank you so much for joining us somewhere this weekend. >> will see you soon. chief economist cofounder cornerstone macro part up next andrew yang is here, why he ♪ limu emu & doug ♪ got a couple of bogeys on your six, limu. they need customized car insurance from liberty mutual so they only pay for what they need. what do you say we see what this bird can do? woooooooooooooo... we are not getting you a helicopter. looks like we're walking, kid. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive,

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maria: welcome back. dumping the democrats after running as a democrat for president in 2020. and then again running fort new york city mayor earlier this year. andrew yang said he said leaving the party to launch a new party parties also out with a new book. the book, forward, notes on the future of our democracy. andrew yang joins us right now to talk more. and your comment great to have a very thanks so much us this weekend. tell us why he left the democratic party. >> thank you maria it's great to be here.

we can sense the polarization is getting worse than ever. and unfortunately the incentives are going to make it such that we are going to end up with the violence, strife in a new civil war. it is that serious. it is at civil war level part left the democratic party if the temperature of the country down because if you are a businessperson like i am, you follow the incentives but right now the incentives are leading us toward the extreme. reward the people who want to live in a reasonable middle pair to think that is most of us. most of the people watching this broadcast today. maria: i could not agree more. i feel like it is a head scratcher these last several years with so much hatred among us. most people i know, most people i think are watching are hanging out in the middle. they may lean to the right on some things, they may lean to the left on other things.

we all agree on things that would make the country better. you are a businessman. and so you actually deal in policy have run a balance sheet. tell me some the policies we are currently seeing that frighten you most in terms of creating a bigger government state. >> maria, i want to return to why it is we are so angry all the time. like it seems like it's the rule the day. it's because of one word, incentive. if you are an elected legislature right now your job is not to make 51 people% of the people and you're happy but 20% of the most extreme voters on one side or the other because the way our system is designed 83% of our seats are safe seats producing these legislatures who do not seem reasonable. there incentives are making them less reasonable. this is leading to the

dysfunction, the gridlock and a portion of the conflict. i love talking to your audience i think they understand organization we set this organization up the legislative branch to fail and also to drive us insane in the process. >> you look at what is going on right now and people are feeling this. some of us think about policy over here but the truth is a policy and certain incentives you referred to in the book have actually impacted american families across the country. you talk about the un- extended employment benefits for one thing. they went away and now we've got employment situation that is real, that we can see in terms of people going back to work, getting paid the way they were rather than getting all this free money. when you look at this reconciliation package democrats are trying to push

through. >> i'm a huge fan of the bipartisan infrastructure package. and for the life of me is passed on a bipartisan basis i feel that it's a no-brainer it should have passed already. that's going to create jobs and create economic activity. maria most people want things to work and work better. i started the forward a party in the large part because were not set up for success right now. centrist feel homeless. one thing i love talking about a 62% of americans want a third party. if you imagined being a businessperson you showed up in a marketplace there were two major companies and 62% of people wanted an option, you probably would to give them that option. right now our political system is set up to make that difficult if not impossible. we have to take this opportunity because they need a third voice in the middle more than ever right now. >> and i got a lot of support when you're running for president from silicon valley. you look at silicon valley and

big tech and have issues with some of the censorship issues they're having? >> the big tech is it making us miserable parts making art were getting sold and resold for hundreds of dollars not to our well-being certainly. right now we are having these conversations and the tech companies are essentially doing what they will. we need to have more modern leadership working hand in hand with technologist and industry leader to develop rules of the road. the internet has exploded at that time facebook did not even exist. you need a much more modern approach. the biggest concern is that making its miserable, what kind of a product are we building when literally your kids are sad instead of happy as a result. maria: and where you can run

for public office again? lex and marie at right now i'm super pumped about the forward party. for party.com that is where my attention is. i'm going to try to open up some of these primaries in 2022 so we can bring the temperature of the country down and hopefully get the like-minded people into office. >> arrayed the book is a ford, notes on the future of our democracy by andrew yang. andrew is great to have you we hope you'll come back soon thanks very much for all your efforts in this regard. thirty-six coming up soaring oil and gas prices costing americans and more across due in large part to policies and the biden administration. how much higher will prices go and the white house wants the irs to spy on us. irs to spy on us. monitoring

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maria: welcome back, pain at the pump. americans are spending on average over a dollar more a gallon than this time last year. as oil prices surged to a seven year high. georgia congressman buddy carter serves on the energy and commerce committee joins me right now. congressman is good to see a thank you so much for being here. what has been the impact of the move in oil prices from your standpoint? lex well, we've got the highest oil prices we've had in seven years. not only oil prices but everything is higher. inflation is running rampant now for the average family and america's being $175 a month, more than they were because of inflation. what is inflation? nothing more than a tax. who does that hurt the most? it hurts the middle class in the lower class than most. and gas of all things, if you have got a job you have to travel to your job right that

means is going to cost you more to travel. the gas prices is so saddening. because we worked so hard in this country to achieve energy independence. we finally get it and now joe biden comes in, was the first thing he does when he comes into office? he cancels the keystone xl pipeline. and he encourages and advocates, this makes no sense whatsoever. he is wasting our energy independence that we work so hard to achieve. maria: he actually asked opec to pump out more so we have to be reliant on foreign countries to pump out more. look i've got to get your take on where we are on the spending package. i know they want to push through another 5 trillion-dollar plan they're trying to get down. you think they are going to be able to get something done, one or $2 trillion? what is that going to look like we've got jobs numbers out this weekend, fridays

numbers were worse than expected be a lot of people saying there's too much money being thrown at this economy. >> there's no question about it but thank you for making that point, maria. whether it's 5 trillion or 1 trillion that is still a lot of money. do not be mistaken at all. what happens here is how did they come up with $5 trillion? the congressional budget off it scores it. this program is going to cost this much. how do they get it from five down to one or one and a half? you cut back some of these programs are being a ten year program to a five-year program. they're forgetting the price down for they really do not give up anything. the problem is once you start these programs how are you going to end them? ronald reagan said long ago the closest thing you'll ever see to eternity is a government program. if they can just get their foot in the door and get this a pass, 5 trillion or one half joint is going to be hard to stop these programs once they are in place.

>> one of the places they want to look for revenue to pay for all this stuff is our bank accounts. they crackdown on the banking surveillance. i've always wanted the irs to monitor over $600. where is this going? lex they try to weaponize the irs. keep in mind the last time the irs had this much clout, this much power it was during the obama administration who did they target? they targeted the conservative so get ready. they are coming after you again. this is an invasion of our privacy. this is a weapon icing the irs to be able to look at our bank accounts. if you have a venn mail or paypal, if you are using those once you get over $600 all this at the irs is going to be on your trail for their going to be following everything that you do. this is socialism for this is not the start of socialism,

that is socialism but this is exactly what they want. they want this where they have control over everything. >> you know, the wall street journal did a great op-ed saying if it if they change the threshold to 10,000 dollars, it is still capturing most americans. if you get a social security check of $1200, if you are getting paid by your company, you are all getting captured the obama administration weaponize the irs. >> they did. that is why i have proposed we need to deal with the irs. they will they put us in a fair playing field. you choose what you want to buy. and therefore you choose to tax there would be no need for the irs there would be no need

for "big brother" overseeing your bank account like this. >> certainly is disturbing. at a minimum to see the irs wanting such a birds eye view into our bank accounts. we will be watching all this thanks so much for joining us. us. >> thank you at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. vanguard. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪

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maria: welcome back with that have big program that works for next week and part i am traveling back to the southern border. i will be on the ground in del rio the scene of the biden biggest border blender as thousands of migrants are now making the trek to the united states but make sure to tune into wall street every friday at 8:00 p.m. that's for my latest border coverage next weekend. i will see you over on the fox news channel. setting morning futures life of got live interviews with john at ratcliff house

minority leader kevin mccarthy, senate gop conference chair john, and the author of the blackout candace owens fit all exclusive sunday morning fox news. plus on foxbusiness start smart every weekday with a six -- 9:00 a.m. eastern with mornings with maria at life from exam until 9:00 a.m. easter bread hope use will start your day with us for that will do for us for this we and thank you so much for joining me. hope you have a great rest of the weekend, see you next time. ♪ ♪ >> how would you uncheck this week and will sojourn a larger joe's presidency descends into further disarray with intensifying fighting among democrats rising chaos at the border and more evidence of extremism and intolerance on the progressive left of the party. look at the presentin