without joe manchin, and kyrsten sinema buying into this we will be wauchg all that big that you to all of you, gate to see you all a great jobs friday with the market reacting to better-than-expected number 531,000 jobs added to the economy in the month of october dow industrials up 138. "varney & company" begins rights now stuart: good morning, everyone. i will start with the jobs report but i don't think it is the most important story of the day was waiting for you see the mess on the floor of the house of representatives. they are trying to transform your life and it is chaos. 531,000 new jobs, that is strong, better than the previous month's number that was revised to show an extra 235,000 jobs. unemployment rate 4.6%.

that is low and falling. here's was notable, surge in manufacturing, 60,000 new jobs is strong as the participation rate is as low as it has been since the 1970s, 4 million workers are missing. the impact on the market, investors like it and there may be new records today, the dow is up 100, the s&p up 20, nasdaq 52. i will call this the stock of the day. pfizer breaking out its covid antiviral kill, cut hospitalizations and deaths by 89%, highly effective treatment. the drop of the day, palatine expect sales to so few of those bikes in the future as people get back to outdoor exercise or local gym. it is down 30%. the chaos in congress.

speaker pelosi tried to call route enough votes to pass the social spending bill, she failed. the speaker is trying again right now but the bill is more than 2000 pages long, nobody has had time to read it through. the speaker has not allowed time for the bean counters to figure out the cost. don't know what is in and what it will cost but the speaker is in a rush to get something, anything past. this is the way to transform society and no way to run a government. something else, my opinion, entirely unacceptable, personal in-your-face protesters, senator manchin was followed into a parking garage by climate demonstrators. a dangerous tactic of the far left. unacceptable. friday november 5th, 2021, "varney and company" is about to begin.

♪♪ stuart: mark tepper, the right generation, and and more important than the jobs report. and 2000 pages, there's is no way to run the government. >> and no cbo score. we don't know, we don't know what it is going to cost. president biden, chuck schumer, nancy pelosi, $3.5 trillion projection will cost 0. we all know that is not true.

and nancy pelosi and the left seized their power and being away. if they don't do it now they may never be able to. stuart: if they get a yes vote on the spending plan it goes to the senate but the senate will change it with manchin and kristen sinema it will be changed anyway. this is a pointless exercise to get the speaker, and brush up her performance and reputation. this is outrageous. >> what she's doing from a political perspective, she is making her members take bad votes when they are not even going to pass the bill out of the senate and get president biden to sign it. this is often not. republicans are going to be

running against these members and congress and winning seat after seat across the country one year from this week during the midterm elections. stuart: don't they understand this? have they learned nothing from tuesday's elections? >> i hope not. for donald trump, for the republicans leadership in the house and senate it is shocking they are going to double and triple down the left wing leadership of the house of representatives because the progressive caucus in the house of representatives which is the hard left counts 97 members, 97 members, consider themselves part of the socialist caucus that is where we are in america and why -- tuesday was a complete rejection of socialism from virginia to new jersey to

seattle to new york city, city council elections, to elections in texas where republican 7 won in 20 or 30 years it was all across every region. it was unbelievable the rejection of socialism. they tried to run against donald trump and every time terry mcauliffe said donald trump's name it made people remember how bad a job president biden was doing because there was not hyperinflation, the border crisis, those were all created under president biden and makes everybody say donald trump did a great job and that is what they are remembering when attacking him. it was the wrong strategy at the wrong time. stuart: glad we were able to get this off our chats and thanks for helping with that, see you soon. got to get back to the jobs report. edward lawrence, 531,000 jobs. >> second most interesting story of the day.

last time the economy added back that many jobs as unemployment rate was as low as it is today was march of 2020 and the private sector added 604,000 jobs, the losses in the government sector at 73,000 so the private sector leading is what you would like to see, march of 2020 was last time it was lower than that. it was the next bag for labor force participation rate, it remains unchanged but below the level from february of 2020. this is the number the federal reserve watches with wages with jay powell concerned that inflation is increasing faster than wages. when you have cpi inflation of 5.4% and average hourly wages increasing 4.9% so the number has been increasing, record number of companies raising wages to attract workers so where other jobs?

leisure, hospitality added 164,000 jobs back but under the 1.4 million jobs, 8.2% lower than the timeframe, manufacturing, traded transport station, services up, government down. the fed wants to see labor force participation rate, it was not flat at this right, coming back to the labor force, people leaving the labor force. stuart: we hear you, thanks very much. mark tepper with me this morning. i call that strong jobs and investors seem to like it. >> the market is reacting positively. when you look at the jobs report everything was good. one thing does stand out to me as negative, hourly earnings up 4.9% but headline inflation up

5.4% year-over-year and president biden a couple days ago said that wasn't the case. obviously inflation is growing faster than wages. that is a problem from a consumer spending standpoint but when you think about wage growth it is a double-edged sword. we want to see wage growth exceed inflation but if ways growth runs too hot it contributes to inflation. we need to see it in a sweet spot but it is underwater and that's not good. stuart: suppose for one bright shining moment this massive spending bill fails. with the market like that? >> the market would love that. to pay for the massive spending bill the big issue is you have to raise taxes pretty substantially and they are talking a $1.75 trillion increase. anytime you raise taxes that will hurt the stock market,

whether it is corporate tax or capital gains it is not good for stocks. if we can eliminate the head wind, 2022 could be as nice. stuart: let's get to political harassment, intimidation. protesters are harassing senator joe manchin, a group of them surrounded his car yesterday. [crowd chanting] stuart: you see more of this later. senator manchin went to a parking garage and they followed him in, tried to block his car. it was political intimidation. we've seen a lot of this recently. >> not just intimidation. i think it is illegal. i don't think you can unlawfully detain someone even if they are in a vehicle and when you start touching the car

it is potentially assault. a lot of them are complaining president -- the joe manchin tried running them over. when you're being detained you are allowed to use reasonable force to remove yourself from the situation and driving 5 miles per hour or so is allowed. there's nothing he did wrong that it blows my mind all this woke that is going on. this is violence. you may not be hitting someone upside the head but it is violent reaction. stuart: surely counterproductive. you think senator manchin will change his views because a couple kids standing outside his car? i hope he doesn't change his views. >> he has been doing a good job sticking to his guns. stuart: check the market. we will open up in 18 minutes. i see green. nasdaq up 60, dow up 120. baseball games, the airplane

cockpits, let's go brandon has become a rallying cry. it is taking the music charts. ♪♪ ♪♪ >> tammy bruce, an undeniable declaration. liberals a critical race theory is taught in schools, one public school official says yes it is. >> we can tell parents we are not teaching critical race theory. it's not in the academic standards but the classroom door shut and the teacher starts teaching through a lens of race you sent elizabeth could students against each other based on their color. stuart: if you thought math was safe think again. he says crts infecting math as

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stuart: pfizer says it's covid pill cuts the risk of hospitalization and death by 89%. doctor mark siegel joins us. is this a game changer. >> i'm excited about this drug and i will tell you the reason. it is an enzyme that helps the

virus reassemble itself, science fiction it sounds like, with hiv, and the drug battled hiv incredibly successfully and this looks promising here, 89% decrease in hospitalization and death, that is huge and my mail order chorus, you see mark drop 10%, the market opened and they have a drug that competes with the drug, in the uk. both will be approved here the next few weeks but the game changer may be what is from pfizer.

stuart: we have a stronger treatment for those who can't covid and keep you out of the hospital will that affect the vaccine mandates, will they be so strong and permanent if we have this excellent treatment. >> i never believed in the mandates because the vaccine wanes over time, some to get one shot rather than two but it shouldn't be a direct correlation. working hand-in-hand, a way to beat this virus and have it running away by its tail and knock it down. i like the idea of both. mandates have been rigid and superimposed from the beginning. they don't make public health sense because there are other ways to approach this. stuart: it is a game changer.

thank you. stuart: futures, 72 up, 34, the dow. give me a sense of the market. is responding to the jobs report and the chaos in dc? >> the news in hospitality doing very well. the country coming back to life as we make our way through, also very positive in terms of what that means for people, the vaccination. it is very exciting and they are not paying attention. stuart: you have to forgive me. i have to alter your audio. you are breaking up, can't hear you correctly.

is the markets ignoring the chaos in dc concentrating on the economy? >> i think so. the market is focused more so on economic growth. the jobs report should lead to better economic growth and all the chaos in dc, one of the main issues is there is a large spending package and potentially large tax increase. market doesn't want to see that happen but on margin, as it gets smaller you can react positively here. stuart: interest rates of not gone up, treasury is 152-153. >> he will see rates go back up. we talked before about owning bonds in someone's portfolio. we are in a period with interest rates low and over the

next decade they will ratchet higher and move up and up and up which is not good for bond allocations. stuart: it is one.50% and boil is below $80 a barrel. i thought a strong economy would raise rates. >> can't get a full tank of gas in my car anymore. they authorize my credit card for $75 and shut me off. then i am too lazy to print the credit card back in the machine. i have been driving around with 3 quarters of a tank, can't get enough gas. stuart: your attempt to interview humor into this, that is very funny. stay there please. check futures again up a little bit more, "the opening bell" is next.

stuart: look at the market go. we will hit more records today.

let's bring in mark mahaney. buber has been on a roll. where is it going? >> we got good news from uber last night. if there is a reopening, uber is a great play. it is the most dislocated because of the covid crisis. it is 30% to 40% what they were doing pre-covid. i like it is a recovery play, total adjustable markets, it is a global leader and they had the profitability and flexion point. it proved they can generate even the possibilities coming around the corner. stuart: have they become a delivery company? as i understand it they -- their revenue gains for delivery are better than revenue gains from ridesharing. >> absolutely right.

what i call a super apps so you can use uber for delivery from restaurants and other things like alcohol that can be useful from time to time especially on a friday, groceries, convenience stores, and ride sharing, it is a combo of the two, you want to be in a super apps position. stuart: where do you think it is going? >> this thing is turning a few, it has been grinding along for quite some time. you get 50, a breakout, it could go to $80. with these and flexion points, i covered tech stocks, once they reached the controversial, they get to the profitability

and flexion point, i don't think there's 10% upside or 20% upside, there's dramatic 40%, 50% upside. stuart: we hear you, now deal with air b&b at 185. where do you see them going? >> not as much upside because it trades at high multiple, the big surprise was record high profitability levels. that was an inflection point but probable for a while, they took it up to 50% margins, you see very few companies that can do that and a recovery play, their night sold down 5% to 10% from pre-covid levels. both of these should be winners off of fully reopening covid economies. stuart: you are the only guy who appears on this program who doesn't get buzzed when he says

hebitda. you always have a great flow. don't want to see you can't do that but don't do that again. alcohol from uber, never before 12:00 noon mark. >> eastern time for pacific? stuart: you are sharp. thanks very much. it is five seconds to a nice rally on wall street. we are expecting a rally. don't expect it to disappoint, we are up and running. we up 193 points. look at that level, 36,325, and intraday high. there were only two dow stocks. another intraday high, 4700. the nasdaq 16,004. obviously that is an all-time

high. 16,000 on the nasdaq composite. >> nice round number, 16,000. vaccinemakers pfizer to stand out. how many times have you and i said pfizer has done nothing despite the vaccine, 35 to 40 and that is it ended has broken out. >> you got the drug, 89% effective and by thanksgiving, possible approval before year's end, look where pfizer is going, we can ramp those vaccine makers, moderna is down significantly, the $250 levels, travel stocks rallying. stuart: sorry to interrupt human flow. merck is down.

don't they have a pill? >> we will get approval. stuart: as good as pfizer's bill. >> 50% effectiveness for the merck bill compared 85% for pfizer. there is room for two. if you can't get one you might as well get the other. travel restrictions are being lifted for international travelers. stuart: only a 50% reduction in hospitalization and death with the merck fill. i will go for the pfizer pill. stick with pfizer. >> what if you can't get a pfizer pill. or pfizer vaccine. will you say no to moderna's vaccine? stuart: you will he give these tools to people who got covid. if you've got it - >> exactly what i am saying. leave it to me. stuart: telethon. >> started the year at $152. looking at the smallest quarterly subscriber growth

since two years ago, and new sign ups, pretty bad by the way. palatine has 2 million sign ups and this is a quarter where they lower the price of the most popular bike by 20%, not enough to get people to sign up. stuart: do they get an income flow from the installed base? >> not enough and that is why they are lowering guidance by 20% for this year. stock is down 33%. stuart: we had mark mahaney recommending air b&b, they are up 7% today. >> quadrupling sales, pretty good. they are looking at a surge for bookings heading into thanksgiving so you're up 40% from 2019 levels pre-pandemic level, it is pretty good. stuart: uber is on a roll, beginning to move up 4%. a delivery company.

>> i did see the backstop and the first profit outside of expenses, quarterly profit for uber which is something to celebrate but from what i saw, maybe not as much as some people anticipated but overall a pretty good quarter. stuart: anything on uber? >> i will be placing my drizzly order at noon, drizzly is there alcohol delivery service. as far as uber goes they have ride sharing and mark mahaney mentioned it is down 40% from pre-pandemic levels that's not from lack of demand. it is a shortage of drivers. when you are trying to line up in uber there's fewer vehicles to pick from.

>> the weakness in the quarter has to be if you had to reduce the value of what they had that is the drag if you want to point to something. stuart: it is up 4%. remember how we always talk about nvidia, it opened a month ago. is that right? it is 306. >> and the market company as well. i would say this is the largest chipmaker in the world, trailing behind but did you see the stock? it is up 13%, record day. this is another record and the main beneficiary of the new meta-verse, they will make most of these chips, ar, virtual reality. stuart: it could be -- did you know that if google goes up sharply it becomes a $2 trillion company. >> stock is up 70%.

stuart: going up that much. >> google and facebook, the day of the door-to-door sales people, they have been replaced. >> how many decades ago, trying to make references. >> don't you remember the fuller brush man? you have to do something else. he would accept bitcoin payments. >> a press release said kroger's largest growth her would accept bitcoin cash for the holiday period and the

rally is up there, not from them. walmart would accept light coin, it is buyer beware when it comes to the crypto space. i to cover where because they got a boost from crypto trading, the bottom line, it was up 40% in the crypto trading for the quarter and that helped line the pockets. stuart: the stock. stuart: draft kings reported this morning, not that much. what happened? >> interesting recovery. it didn't look great, but looking at wider than expected loss, sales falling short and draft kings, they did raise the

mid point of guidance that faced recovery in 2022. stuart: they heard you. >> it was a bloodbath. >> they had a terrible quarter, they said it was hurricane ida, the delta the variant and the news around dave portnoy. >> pooling back 30%, was it that substantial because of headline more is regarding dave portnoy. stuart: amc expanding beyond -- >> how do you feel, would you go to a shopping mall to get fresh amc layered popcorn, home to live reopening kiosks to sell their own goods and popcorn is probably the

headliner of all the products. stuart: i wasn't aware popcorn was so popular. >> would you go - not my favorite. >> more cost-effective. stuart: i have a lot of important stuff to jam in to it. it is up $5. >> the 737 max. >> the s&p winners. >> the s&p. >> nasdaq winners. >> booking holdings. another 5% rally. stuart: we are 10 minutes into the trading session, new highs across the board, the nasdaq and s&p down, quite a friday.

next case, senator lindsey graham not mincing words. here's his warning for democrats after tuesday's elections. >> any democrat who claims to be a moderate, if you vote for the socialist spending package tonight you will get beat and you deserve it. stuart: will it derail speaker pelosi and the squad from ramming through trillions and spending? the white house doing damage control after denying payments to the border. >> 450,$000. is that what you say? that is not going to happen. >> the president is comfortable with that about of justice so with individuals and families currently in litigation with the us government. stuart: who really is running the show and does the president know what is going on in his own administration? we will be back ♪♪ our house ♪♪ in the middle of our

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stuart: bitcoin 62,$015 a coin. the mayor elect of new york city, eric adam says he will take his first 3 paychecks in bitcoin. he wants to make new york city a crypto currency center. what do you make of that? >> he wants to make a crypto currency center. you hear about eric adams, you are about tom brady and all these big time celebrities and public figures taking paychecks and endorsement deals in bitcoin it is more of a promotional thing for bitcoin than anything. why couldn't you get paid in dollars and buy some bitcoin. not sure what is going on but

how do you do it logistically, we use a dp for payroll. i couldn't start if one of my employees asked to be paid in bitcoin. stuart: jay powell was seen visiting the white house was his job is not in jeopardy but will be reappointed. the wanting reappointed? >> i do. betting odds have it at 70% he will get reappointed. when you look at the alternatives he's the best option, he is undoubtedly the most dovish fed chair ever but is much more hawkish than any of the other potential players when it comes to fighting inflation and that is front and center. stuart: let's deal with individual stocks you follow closely and you like them. expedia up 12%. >> we hold it, we talk about air b&b, more diversified travel play, you can package your flight, your car, all that stuff but where they saw movement was in logic.

they own verboh which is the air b&b competitor. having conversations with people in minor circle more people are opting to do air b&b or verboh kind of stay as opposed to your local marriott. stuart: it is up 11% now. planet fitness up 6%. people are going back to the gyms. >> we side with on down 34% because people are going back to the gym. planet fitness is something we owned for a while. a good solid reopening play. their current gym memberships are at free covid levels so they regained all the members they lost for the most part and the one thing about planet fitness it is more painful to cancel your membership if you

don't want to go anymore. you get to drive to the location and fight with whoever is at the front desk. it is a pain in the butt. they've got the best revenue model known to man, they lock you in. stuart: people know that going in. know the rules before you sign the contract. we are up 288 points. when president biden and a democrat congress was elected we were promised stability but we are seeing chaos on capitol hill. that will be "my take" at the top of the hour. shipping containers piling up in america's ports, that's not gone unnoticed among the thieves. we have that story from the port of los angeles. ♪♪

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cargo theft. jonathan hunt joins us from the port of los angeles. how bad is it? >> reporter: it not surprising with all this cargo sitting around at portend beyond thefts are on the rise. the aftermath of a major theft from a cargo freight train the was idling in downtown la, boxes strewn everywhere, thousands across the rail and according to cargo net which tracks these things there's been theft of $5 million worth of goods in the third 1:45,021, that is up 42% from last year in california. fami fami worhe im theim carrigosi c ve on ve oeirve heirayinay e erx

t'sitent's s d d he rngoveutio solut. sns. bunebussdo their parirt. par we wilco to ue tk em to le ilen an we arewe mweogress th e nghist switch. >> reporep the t ahere ty y y movi mots to th te supply chai americerare shopshngop in re rdre num. asian countries are making numbers in record numbers. they are stalling when they get here. worker shortages are to blame particularly a shortage of truck drivers but that is one thing the administration is helping with. >> we are working hard in training more folks to have a commercial drivers license. the administration, working with pete buttigieg to do that

in the department of labor, train folks to get cbo quickly to have more truck drivers. stuart: it is worth noting the average time to get a commercial drivers license is 7 weeks. 7 weeks from today is christmas eve so good luck getting those deliveries and if you don't, don't call her, call fedex. stuart: thank you very much. mark tepper, the supply chain crisis could ease dramatically in the new year. >> maybe middle of next year it should start to ease. stuart: bad for another 9 months? >> maybe six months or so. here are the main issues. this isn't just about not having goods to deliver but also having too much consumer demand as a result of fiscal stimulus we've seen for the last year and a half.

in the other issue, the truck driver shortage, we don't have enough truck drivers to get the goods from point a 2 point b and it takes 7 minutes to get that. those are some good paying jobs. with the enhanced unemployment benefits falling off that will encourage people to get back to work. so you can get out and make good money on helping the country. stuart: i would love to see this. the nasdaq, 16,000, for the first time ever, 16,008. thanks for being with me. appreciate it. still ahead, steve helton, rhonda mcdaniel, the teller:00 hour of varney next.

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♪ let's get it started, let's get it started in here. ♪ let's get it started, let's get it started in here ♪♪ stuart: i knee knew that. i like the song too. very appropriate. 10:00 eastern time on a friday morning. good morning, everyone. you'll like this. end of the week rally bigtime. the dow is up 300 points, 36,432.

the s&p's up 34, new high, new high for the dow, new high for the s&p, and the nasdaq well above 16,000. another new high right there. you've got to look at big tech, that's where all the money is. all of it moving higher. microsoft at 337, i've got apple at 151, meta platforms, as in facebook, back to 340. big tech rallying. phaser could be the stock -- pfizer could be the stock of the day, soaring on news that its covid pill is 89% effective. merck's pill is only 50% effective. moderna also way on the downside, a 56-point loss. the 10-year treasury yield, here's a surprise,1.48%. we've got a falling of long-term interest rates. that is most unusual. all right. we've looked at the markets, now this. what a spectacle.

speaker pelosi rushing around the floor of the the house scrambling for votes. the self-proclaimed master legislator desperate to you should through her transformational legislation. didn't work. the thursday vote did not happen. they're at it again this friday morning. we still don't know exactly what's in this 2,000-page bill. even now they're changing things around. for example, they can't decide whether to give illegals a pathway to citizenship or work permits or is access to welfare. the s.a.l.t. cap is no longer set at $72,500 for. 10 years, no, it's 80,000 for 9 years. you got that? if you get paid family leave, you get it even if you are not working. okay. so we don't know exactly what's in it, haven't read it, and they don't know what it's going to cost. imagine that. they want to change everyone's life, but they are deliberately not allowing time to figure out the true cost. they know perfectly well there's many, many trillions more than

the $1.8 trillion that they're throughing around. the wharton school says it's $4 trillion, but don't worry. the president assures us that it will cost zero dollars. cue the eye roll. if this grab bag of nonsense does get a yes vote, it then goes to the senate where it will be changed all over again. senators manchin and sinema will see to that. when they're done with that, it goes back to the house to see if they accept the changes the senators made. a year ago we were assured we'd get stability and calm. dream on. what's going on right now on the floor of the house symbolizes the chaos of the entire administration. this is no one to run -- no way to run a governing party and certainly no way to run a government. i'm just getting warmed up. second hour of "varney" just getting started. ♪

stuart: todd piro joins me this friday morning. where's the outrage? i thought this was the administration and the if party that was going to be the adults in the room. maybe you're an adult if you're forced to read 2,000 pages. i don't think any of them are are going to read it. i mean, look, we have to stop with these shenanigans. we do need roads and bridges in our country fixed. if some of them are are in really, really bad shape, people could die if they're not if fixed. but this is not fixing roads and bridges. this is ridiculousness. let's go -- i think we need to do more. but to your point, not requiring the working part of family leave, what are you leaving then? it's another excuse not9 to work, and it's going to mess if up our economy even further. stuart: i think speaker pelosi has lost a great deal of her power because she cannot corral the hard left. the progressive caucus is

dictating the terms. they've taken away speaker pelosi's power. she's desperate. >> and they've created their own power in their mind, but also in the mind of speaker pelosi through things like social media. it's not real power. if it were, this thing would have been done, and it would be all progressive. it's this fake power, it's the power of fear, and the moderates in congress are feeling it. nancy pelosi is feeling it. it's why we're in the mess we're in. we need to stop being hostage to the the four members of the squad. it's ridiculous. stuart: it really is. i hope voters see it too. hold on a second, todd. i just want to get back to the market because extraordinary things are happening. look at the nasdaq composite. it's up at 16,051. it's never been above 16,000 before, but it's there right now. the dow jones average is up 339 points. that's the best part of 1%. again, another new high. 36,465. the s&p, another intraday high. if it closes like this, it'll be an all-time high, 4,716.

extraordinary stuff. jonathan hoenig joins us now. your reaction, first of all, not to the chaos in d.c., but the jobs report. >> it was quite good. it gives me a lot of hope not necessarily for the experts in d.c., stuart, but for the american spirit. there's an unlimited amount of jobs in a free economy. it's not a fixed piement -- pie now is the time for the gig economy. people are starting new businesses. they want to hire people, and it's only basically three things that are getting in the way. one is government, one is taxes and one is now inflation. so those are all things these new businesses and new jobs have to worry about. but the new number, i think, has to give us hope, and the economy has to have hope that it is going so strong. stuart: new york city's mayor-elect, eric adams, says he's going to take his first three paychecks in bitcoin.

i'm intrigued by this, what do you make of it? [laughter] >> well, why not in take it in beanie babies, stuart, or take it in pets.com or just take it in a ponzi scheme. i'm sorry, i know i sound like kind of a broken record on this one, but the whole point of bitcoin, it is a speculation. it's the not a currency. a currency is stable in value. i mean, gold is one example if over the long term. so i think this is kind of virtue signaling. he's only taking three paychecks, for one thing, and he was trying to signal that new york's going to be the new headquarters for bitcoin. if he wants to create a business, simply cut taxes and get government out of the way. that's what any business wants. stuart: you can't say that the cryptos are going away. i mean, there's so much money this there, it's such an alternative asset if you want to call it that, it's not going away. where do you see it going in terms of price and popularity and usage? >> well, i still think that, you know, what's going to go away is

the value of the price of the cryptocurrency. the technology behind crypto, stuart, the blockchain technology, i don't think that's going anywhere. i like it very much the valuation given to companies 20, 25 years ago, the internet thrived, but a lot of that valuation, that premium building up around the internet stocks went away. i think blockchain could survive, but i think, you know, dog, the value of dogecoin, do i want my if 401(k) in dog coin or, you know -- stuart: dogecoin. >> it's dogecoin, all right. do i want -- to me, it's 100% hype and something i continue to avoid. stuart: would you like to explode about what's going on on the floor of the house with these machinations to get trillions of dollars of taxes and spending? >> what's frustrating about it, stuart, they would like you to believe it has this multiplier effect. the more government spends,

somehow the more the chi -- committee they'ves? it comes out of somewhere. they like you to think, oh, it comes out of those heville rich people. evil rich people. it comes out of production, stuart. it comes out of the next new number of jobs, the next new not just even netflix, but the guy with a plumbing wiz or hardware business or anything that's improving the economy writ large. successes never come from washington or central planning. it's come from that american individualistic, capitalist spirit. that's what we need more of and, unfortunately, it's not just the squad, stuart, it's just democrats writ large with no respect for if capitalism, no respect for individual rights. that's what we need more of in america. stuart: that's interesting coming from a man who runs a hedge fund called capitalist pig e. you, sir, are all right. >> be well. stuart: the white house walking back president biden's comments

over payments to illegal migrants separated at the border. roll it. >> you guys keep sending that garbage out, yeah. but it's not true. >> reporter: so this is a garbage report? >> yeah. >> the president is perfectly comfortable with the department of justice settling with the individuals and families who are currently in litigation with the u.s. government. stuart: all right. pete hegseth will deal with that in his own special way a bit later on the show. in a few minutes, president biden will deliver remarks on the latest jobs report. we will bring it to you live when it happens. stay with us. ♪ she works hard for the money, so hard for it, honey. ♪ she works hard for the hundred, so you better treat her hundred, so you better treat her right ♪♪ wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime.

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old song play -- stuart: that is el paso, texas. did you know it's only 46 degrees? that's south texas in november? give me a little bit of that global warming, please. check those markets. record for all three. the nasdaq crossed 16,000 for the first time. dow's at 36,4. s&p at 4714. i've got to show you peloton because there's a huge drop in the price of that stock. it's down about a thursday. a third. weak outlook for demand for their bikes. now, let's get back to that jobs report, 531,000 jobs created in october, very strong. labor secretary marchty walsh joins me now -- marty walsh. mr. secretary the, congratulations. that's a very strong number, indeed. may i ask you about the participation rate? if why is it so low? >> yeah, we have about -- we looked at that this morning, and i'll come back to the report in a second. we saw about 3.8 million people

in the job market that are not coming back because of covid-19, the pandemic. so that's certainly a big concern. a big concern moving forward. we have to work to get those folks back into the job market. stuart: what can you do to get them back in? >> i think a couple things. number one, part of it's fear of the an demick, fear of the virus. and the action we took yesterday with the temporary standard for companies with over 100 or more employees either testing, either vaccination or testing, i think that's one area that will help us with it, number one. in some cases it's childcare, getting more women and families back into the market. i think that's another area. and i think building confidence in people's ability to feel that we're moving forward. if you look at the report, and is i've been on here now for the last seven months, when we saw the spike in the delta variant, we saw more people getting out of the work force. as we see these thurms go down -- numbers go down, we're seeing more people go into the

job force. stuart: are you prepared to is accept the pain from the vaccine mandates? when you lay down the law and say you've got to get vaccinatedded, x percentage of the the work force walks away from the job. are you prepared to accept that in. >> yeah. it's not a mandate, number one. it's a test -- it's a vaccine or testing. so we're a little different than what we're seeing around the country, number one. and number two, where mandates have actually gone into place in companies, a lot of people eventually get the vaccine. they're not leaving the job market. i don't think 37% of the populace is saying that they're not going to get vaccinated or tested they're going to leave the job market. i think we have to continue to explain what it is that we're doing here with this emergency standard. lots of companies are welcoming it. some people have concerns about it, and we're answering any questions that businesses have here at the department of labor to move forward. it's about getting back to where we were this our economy, and that's making sure workplaces are are safe people are going to. stuart: mr. secretary, i know it's a busy day for you, and we

want to thank you for taking time out to be with us this morning. thank you very much. >> thank you. stuart: see you again soon. let's get back to capitol hill where hillary vaughn has the latest on this gigantic spending bill. my question, hillary, is, is sam l.t. relief still in it? >> reporter: it is, stuart. in fact, there were late night changes to the s.a.l.t. cap repeal or raising of the cap deduction overnight. and this was a move to satisfy new jersey and new york democratic members. and, essentially, secure their votes because speaker pelosi can only afford to lose three of her democratic members on this social spending package vote. the s.a.l.t. cap right now is capped at $10,000 for state and local tax deduction. they're raising that now, the plan is to raise that to $80,000 so people can deduct a lot more from their federal taxes from their -- their state and local taxes from their federal taxes, $80,000. that satisfied the s.a.l.t.

caucus, essentially, but there's still issues that are unresolved. moderate members are very upset there's not a cbo score. the text was not finalized until last night, that violates the rule of 72 hours that they wanted to see and get to look through and read line by line the text. that's not happening. but also the argument over whether or not this is adding to the deficit and whether or not this is paid for. there's new analysis from penn-wharton. they say that the legislation that's on the table the, the revenue brought from that in the pay-fors is $1.56 trillion, but the actual cost is $1.87 trillion. so they're about $300 billion short if you take these programs as expiring on the date that they're set to expire. as we discussed with you yesterday, the argument from penn-wharton is a lot of these programs are going to be extended and made permanent, so the real cost is over $4 trillion according to their analysis.

and, of course, the cbo score not being included in a big sticking point even for some members this morning, stuart. stuart: thank you very much, indeed. congresswoman cath -- cath tam rack joins me now. can i sum it up like this: nobody's read this thing, 2,000 pages long, nobody knows exactly what is in it, and we've not allowed the bean counters, the official bean counters to tell us how much it really costs. is that an accurate portrayal of where we are now? >> that is 100% accurate. in fact, not only has no one read it, it has been changed so many times in the dead of night last night, for example, more changes were head to this 2100-plus-page bill. but just this morning we were told that this is going to be wrapped up in a parliamentary procedure called a rule that will forbid members from having this bill read on the house floor. let me tell you something, you only prohibit the reading of a

bill on the house floor if you don't want people to know what's in it. and you look at what this is doing, large tax increase in american history, and that's what we know for sure. we know that this is the most expensive bill in american history. we know that at current levels -- and it's only going to go up as the cbo continues to put their numbers together -- we know it spends 46 times or more on this bill than on our veterans, 6 times more than on our military. this bill, in short is, is anti-military, anti-veteran, anti-senior, quite frankly, anti-american, and the democrats don't want you to know what's anytime. stuart: i don't want to dismiss this. if there is a yes vote, it goes to the senate where it will be changed all over again, and a lot of the stuff that's in it now will be taken out. then it comes back to -- this is a pointless exercise. it's a real waste of time, isn't it? >> yeah, a total waste of

taxpayer dollars. but you know what? that's what the democrats have become very good at, wasting time, putting forward all these tactics that are about advancing social agenda items than actually doing the work that the american people expect here this washington d.c. for every single american that's back home, i come from a working class family, my husband's a firefighter. we're trying to make ends meet, and what they're trying to do is spend us down the river. this is going to increase the cost of every single good and service in america. you just hit on the jobs numbers report. participation is down. osha came out with their rule yesterday. they've going to force a mandate that's going to keep more workers out of the work force. we are killing our economy. this bill is killing the economy. and if you look, it is a price tag of a bigger gdp than both mexico and canada combined. try to wrap your head around that one. stuart i'm trying. congresswoman cammack, thank you very much for being here. >> thank you. stuart: let's look at this.

senator graham, he put out a warning to democrats. let's get into this. what did he say? >> lindsey graham telling dems to be wary come 2022 of supporting the biden spending package and using some colorful language in the process. listen. >> it's people this really blue areas -- in really blue areas saying we've had enough of this spending, spending, spending, expanding the government. we're really worried about inflation. to any democrat who claims to be a moderate, if you vote for the socialist spending package tonight, you're going to get your [bleep] beat, and you deserve it. >> used the a-word, stuart. graham pointed to virginia where the far left was rebuked, but we're not seeing that threat be accepted by the left, by the dems. they're doing what they're doing and showing the nation that they really don't care, consequences be damned. stuart: they are still running the show on the house floor as we speak, that's a fact. todd, thank you very much, indeed. do you remember when president biden said he wouldn't mandate vaccines?

watch this. >> [inaudible] >> no. i don't think it should be mandatory, i wouldn't demand it be mandatory. stuart: well, that wasn't even a year ago. the rnc is now i suing the administration to stop the mandate. we'll talk to chair ron that healthcare daniel in the next hour. also -- [laughter] we've all heard this, let's go, brandon. listen again. >> let's go, bran done! let's go, brandon [bleep] stuart: go brandon songs are climbing the music charts. tammy bruce says it's more than just a chant. tammy is here after this. ♪ we will, we will rock you, sing it. ♪ we will, we will rock you ♪♪

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they've become the latest challenge, pollsters keep getting it wrong. that's the story here. it's leading to public mistrust. madisonal worth joins me. madison, what are the pollsters doing about this? >> reporter: some are saying we need to improve public trust and the trust for the campaigns themselves, some going as far to say we shouldn't be releasing polls close to election day. a pollster with monmouth university published ab op-ed following new jersey's election saying in part, quote: i blew it. and then going on to apologize to both campaigns and to the voters saying, but most of all, i owe an apology to the voters of new jersey for information that was at the very least misleading. last week monmouth university poll released a report showing murphy ahead of ciattarelli by 11 percentage points. support was purported to be about 50% compared to the republican's 39. when it came to actual voting

day, the race was so much closer. at last count you're looking at what we have right now, murphy about 50.8%, ciattarelli captured 48.5% of the votes, a huge upset in historically blue state. but with inflation on the rise, the threat of higher taxes and a struggling labor market, pollsters say they should have looked closer at the republican support. >> i think they have to do a deeper job of understanding that public opinion is complex and that people have several ideas, because it's not just about one question, it's about understanding all those other things that are going on. >> reporter: yeah, and that is something that we're still struggling with, stuart. there is no discussion, like i mentioned, whether polls should be released close to election day because of their potential for inaccuracy and the influence on the public. but mark says pollsters just have to do a better job of getting accurate information by asking the right questions and reaching the right people.

something that's clearly been a problem in recent years. stuart? stuart: thank you, madison, very much so. all right. now this -- [laughter] here we go. anti-biden songs are climbing the itunes charts. four let's go brandon songs reached the top ten in the u.s. last week. tammy bruce is here. [laughter] i'm glad you're handling this. what do you think this let's go brandon chant is all about? what's behind it? >> you know, i've got a column right now in the washington times where i really enjoyed writing let's go brandon many times. it was a thrill. and the feeling is, look, yes, it's a fun thing to chant -- stuart: it's a vulgarity, tammy. >> and that's part of my point which is this is a very important slogan, if you will. the reason it's taken off is because it was a mistake from a reporter who couldn't ignore it at a nascar race, who then explained it as being the vulgarity being let's go brandon who ran that race, brandon

brown. so this is really a chant that mocks the media that we are able to have a chant that the children can hear and that everyone knows what we're saying, it's rebellious, it's unifying. everyone can do it. if it makes us all laugh. it's got a nice rhythm to it, let's go brandon. i mean, it's lovely. [laughter] i do feel sorry for these children, little boys named brandon who are doing their hockey or their little league, because what do you say to your kid? you can't yell let's go brandon. but maybe you can. maybe you can. it really, as we've seen it on itunes, two songs, rap songs are like the number one and number two on itunes. people are writing about this, they love saying it. it's an acknowledgment of this country that something has gone desperately wrong. it also pushes back on cancel culture. you can't exactly get fire thed thed -- fired for that. it deals with everything that

we've been facing, and the left hates it, stuart, because they know it's correct. stuart: what are they saying? you've written about this extensively are, i know you have. >> yes. stuart: what's the left saying? >> the left is saying it's the racist, it's evil, it's like you're the klan -- stuart: why is it racist? >> why is everything racist? it's not. that's false. it's a code. the nazis had codes. isis has codes. it's, you see the left melting down, and it's because they know it overcomes everything they've tried to do to silence us. it also reminds the left that we will not be silenced, that we will be heard and, in fact, i find it charming that this is -- [laughter] stuart: charming. >> i find it harming that this is what the conservatives have pulled off, something that, in fact, is kind of nice and fun to do, and yet everyone really knows it's kind of, you know, true and genuine and profane but not. stuart: i've -- >> it's wonderful. stuart: i've known you a long time, and i've never seen you so

happy to a specific -- >> well, because i've worried about what the power of the left can do to the mindset of regular americans. not even just conservatives, but all of us. and this is a statement just like this last election was the let's go brandon election. we have had enough. we've now seen it in the elections, in the results, we see it in our attitudes. americans must be happy warriors, and that's what we're doing. this is a happy warrior kind of thing. we have not been beaten, because this country is worth saving. let's go brandon. stuart: that's my set you're chopping on here. >> oh, i'm sorry. stuart: thank you. >> thank you, sir, my pleasure. stuart what a smile. so cool. all right, somewhat similar, this story. republican truck driver edward derr has ousted a long-term serving new jersey senate president, steve sweeney. he's been on this show many times. he's a tough guy. but that guy just beat him.

now, todd, you're still with us. he appeared on your show this morning. what did he tell you in. >> the main takeaway is that he is running and ran for all the right reasons, and he wants to accomplish positivity in trenton. it is official. from the warehouses of raymore and flanagan, i love saying that, ed durr claiming the seat in the new jersey state senate, defeating democratic new jersey senate president steve the sweeney. he was the longest serving legislative leader in state history. it was revealed he spent only $153 on his primary campaign, later telling fox news he only spent around $5,000 total on his general campaign with sweeney spending close to $500,000. and, stuart, he was pretty con treat answering why he won -- contrite. he said i won because steve sweeney did a horrible job. stuart: that simple. that was probably one of the biggest shocks of all the elections across the country on tuesday. that's what i think.

as big a shock as youngkin who won in virginia and as close as ciattarelli got to murphy in new jersey. >> and you know why i know you're right on that? because you've seen the liberals between that. even they acknowledge this was bad for them. some of them still won't acknowledge the youngkin/mcauliffe race, but they're all acknowledging mr. durr. stuart: still here and still smiling. [laughter] >> brandon and durr. [laughter] >> it's the american way. we still can do it. stuart: all right. i'm going to turn to something maybe a little bit more serious, when knows? the border, biden's border crisis, uh-oh, watch out, could get worse. a new report shows the border patrol could lose half their a agents because of, yep, the vaccine mandate. and back in 2017 speaker pelosi railed against republicans for trying to pass legislation without a cbo score. remember this? watch it. >> -- forcing a vote without an updated cbo score shows that the

republicans are terrified. they're terrify of the facts of what that cbo report would say. [laughter] stuart: they're terrified? well, now the speaker is doing exactly the same thing. ramming through biden's massive social spending without a score from the cbo. georgia congressman barry louder milk will react to that in a moment. ♪ ♪ oh, something bad ♪♪

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(judith) in this market, you'll find fisher investments is with once-a-month cabenuva, i'm good to go. different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market.

(other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. stuart: american airlines delaying the e for their employee vax mandates. okay, todd. two questions. when was it supposed to take effect, and when will it actually take effect? >> november 24th is the day it was supposed to take effect. 100,000 employees would have had to have gotten their second dose

by november 24th, but now it's going to be january 4th after the biden administration set that january 4th deadline. the airline has faced a lot of opposition from labor unions and employees very much against the mandate. but american is a federal contractor. as a result, federal law -- stuart: true. but they'll keep workers on the job longer, and the stock is up 4%. perhaps they're connected right there. let's get to the border patrol. yeah, you've got this story. the border patrol could lose half of its agents because of the vax mandate? >> this is chilling amid this already devastating border crisis, the federal vaccine mandate may are result in the termination of over half the border patrol agents. according to a document from a source within cbp, nearly half of agents have not registered their vaccination status, and 10% of those who registered have yet to receive a jab. this is the worst case scenario, so take this with a grain of salt. the worst case scenario, more than 11,000 agents would be

fired leaving only 8,000 on the border. 8,000 people to to deal with the insanity that we've seen since january of this year since biden took office. stuart: that is worst case. >> hopefully, that won't happen. i don't see that happening but, still, they can't afford to lose one. it's bad. stuart: i hate to be sarcastic, but maybe this is the way the democrats do get an open border. >> we've been talking about that. stuart: do you know anything about texas building a makeshift wall on the border? i've heard they're using some strange -- is that containers? they're building a wall out of containers in. >> abbott, the governor of texas, installing makeshift border walls created from repurposed shipping containers. the goal? to channel my grants into areas -- migrants into areas with more border patrol presence. it's forced augmented border enforcement, but don't we need

those shipping containers for, you know, the supply chain crisis? stuart: don't ask he -- >> that is how you solve the crisis to a certain extent, funnel people to where you do have acts and law enforcement -- agents and law enforcement. stuart: you block the damn border. excuse my language, there you go. let's go back to 2017. listen to what speaker pelosi had to say about voting on the bill before getting a cbo score which would tell them how much this thing's going cost. roll tape. >> republicans are facing, racing this bill forward before the cbo can truly expose the consequences, the catastrophic if consequences of their health bill. we shouldn't be having this markup without the cbo report. forcing a vote without an updated cbo score shows that the republicans are terrified. they're terrified of the facts of what that cbo report would say. stuart: ah, the republicans were

terrified. barry loudermilk, republican from georgia, joins us now. speaker pelosi says we need a score, but we don't have a score for the big social spending bill today. what on earth is going on, sir? >> if you go back and you remember nancy pelosi's quote, we have to pass the bill to find out what's in it, that is the same mantra we're seeing today. and the irony from your previous guest is can, you know, we may lose half of our border patrol agents. they don't care about that. what's in this bill? double the irs agents. this is the insanity that's out there. they really don't want the american people to know how much it costs, and they really don't want the moderates in the party to know either because they're having a hard time getting the votes. they're leaving this current vote open for a record amount of time. i think it's just to keep us from doing any proceed number motions to gum -- procedural moments. it's gamesmanship at its finest right now. stuart: we don't know exactly what's in this 2,100-page bill. we don't know exactly how much

it is going to cost. and we still -- will we get a vote on it? >> who knows? i mean, the majority leader of the democrats sent out today their pro oazed schedules -- proposed schedule is when are the first votes? question marks. when are the last votes? question marks. they have no idea. they don't even have the votes. but she is bent on getting this thing done, and she wants to do it quickly before more and more americans really find out how much this is going to cost them in the future and cost their liberty. stuart: speculate for me, just speculate. do you think we'll get a positive vote, a yes vote on the huge social spending bill today? >> my gut would tell he we're going to be still fighting this battle sometime in the coming weeks, but you never know. pelosi is just so bent on getting this thing done, she's going to pull out all the stops to get it done. i'm surprised they just don't deem it passed as they did in the, with the budget and the debt ceiling extension. they didn't even have a vote on it, they just put a procedural

motion on the floor which deemed them to pass. so she's got parliamentary tricks and gimmickry that she could continue to do. but i don't think they're getting closer. stuart: are the republicans absolutely lockstep to say no on it in the senate and the house? >> absolutely. especially on the reconciliation bill. this is so damaging to americans, so damaging to our economy. things are just going to get exponentially worse than what we've already seen happen as far as inflation. we saw today that, as we expected, inflation is outpacing the pay increase that we've seen. and so i think it's just going to get worse. stuart: congressman thanks very much, indeed. i know it's a busy day. thanks for taming time to be with us. >> thank you, stuart. stuart: democrat til murphy in new jersey, he says the governor's race is over and that he won. however, his republican challenger, jack ciattarelli, is not conceding, and the rnc is send anything a squad of lawyers. if you think you're saving

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♪ stuart: when the president of the united states is about to appear, he gives a two minute warning to the media so you know he's coming and you can prepare the show. we got the two minute warning about two minutes ago, and here is the president of the united states. >> today, another great day for our economic recovery. america's getting back to work, our economy is starting to work for more americans. thanks to the economic plan we put through in congress earlier this year and a successful vaccine deployment, america continues to add jobs at a record pace. this is historically a strong recovery. unemployment rate has fallen again today down to 4.6%. this included a substantial drop in the unemployment for hispanics which was much needed. our economy is on the move. this morning we learned that in

october our economy created 51,000 jobs. well above expectations. we also learned that job growth over the prior two months, august and september, was nearly 250,000 more jobs than previously thought. in total, the job creation in the first if full nine months of my administration is about 5.6 million new jobs, a record for any new president. that's a monthly average of over 60,000 new jobs each month. ten times more than the job creation at three months before i took office. new unemployment claims have fallen every week for the past five weeks, are down by more than 60% since i took office and are now at the lowest level since the pandemic started. people continue to move from from unemployment rolls to work. unemployment has decreased this year by more than any other year

since 1950, any year since 1950. unemployment has decreased more in this year than since 1950. and not only are more americans working, working americans are seeing their paychecks go up. weekly pay went up in october with an average hourly earnings up almost 5% this year. that's more than some of the lowest -- that's more than some of the lowest paid workers in our country, men and women, who work in restaurants, hotels, the entertainment industry have seen their pay go up 12% this year. over 5.5 million jobs. unemployment down at a record pace to 4.6%. and before we pass the rescue plan, forecasters said it would take until the end of 2023, til the end of 2023, to get to 4.6 unemployment rate. today we've reached that rate two years before forecasters thought it was possible. i would humbly suggest this is

significant improvement from when i took office and a sign that we're on the right track. this did not happen by accident or just because. we laid the foundation for this recovery with hi american rescue plan -- my american rescue plan that congress passed at the beginning of my term. it put money in working families' pockets. it gave families with kids a tax cut each month. it helped keep small businesses going in the dark days earlier this year. and it provided the resources needed to launch one of the fastest mass vaccination programs ever. we got more than 220 million shots in arms in my first 100 days. we didn't stop there. in recent months we've started implementing vaccination requirements which have helped bring the number of unvaccinated adults down in this country from around 100 million several months ago to 60 million now. you know, that's good for our health, but it's also good for our economy.

now vaccine -- vaccinated workers are going back to work, vaccinated shoppers are going back to stores, and with the launch of the vaccines for kids ages 5-11 this week, we can make sure more children stay in school. these plan ifs i've implemented -- through these plans of economic success, the economic rescue and vaccination plans, both of them, have made the economy the envy of the world. we're the fastest growing major economy. and one creating jobs at a faster pace. yet, yes, there's a lot more to be done. we still need to tackle the costs that american families are facing. but this recovery is faster, stronger, fairer and wider than almost anyone could have predicted. that's what the numbers say. but we want to make sure that people continue to feel it in their lives, in their bank accounts, in their hopes and expectation its for a tomorrow that's better than today. that's what it's all about.

making sure our recovery is fully felt. to determine that depends on two things, two things that are entirely within our reach. the first, for our economy to fully recover we need to keep driving vaccinations up and covid down. and that effort, we took two major steps this week. on tuesday the cdc recommended covid-19 vaccine for children between the ages of 5-11. we've prepared for this moment. those doses have started to arrive at thousands of pediatricians' offices, pharmacies, schools and other sites. as a parent of one of the first children to receive the shot said, quote: today is such a huge sigh of relief, end of quote. starting next week, our kids' vaccination programs will hit full strength with about 20,000 trusted and convenient places

for parents to get their kids vaccinated. and yesterday the occupational safety and health administration, osha, issued a rule requiring employers with 100 or more employees to insure that each of their workers is full ily vaccinated -- fully vaccinated or tests negative for covid-19 at least once a week. and the centers for medicare and medicaid services issued a rule requiring that all workers at health care facilities participating in medicare and medicaid are fully vaccinated. these rules along with other requirements we've put in place means two-thirds of all workers in the united states are now covered by vaccination requirements. these requirements have broad public support, and is they work. already we're seeing organizations that have adopted vaccination requirements increase their vaccination rates by more than 20 percentage points, often as high as over 90%. this is good for the workers,

for their colleagues, for their loved ones and for their communities. and it's also good for the economy. in a recent university of chicago survey is, every economist agreed that requiring staff vaccinations or regular testing among large employers would promote the economic recovery that is faster and stronger even than it is now. analysts at goldman sachs predict these kinds of requirements could lead to up to 5 million more americans reentering the work force. that's because this feel safer to do so. it's because there are fewer disruptions to things like childcare. again, beating covid-19 remains one of the most important ways to strengthen our economy. not just save lives, but strengthen our economy. we're making progress. as of this week, 70% of american adults are fully vaccinated. more than 199 3 million americans -- 193 million

americans fully vaccinated. it was less than 1% when we took office ten months ago. and one more and one more piece of good news. we received promising news about another potential covid treatment. uphill developed by pfizer that may dramatically reduce the risk of being hospitalized or dying when taken shortly after an infection if you are infected. if authorized by the fda we may soon have told that they treat the virus for those who become infected. we have already secured millions of doses and this would be another tool to protect people from the worst outcomes of covid. it is important to remember we need to prevent infections, not wait to treat them once they happen. vaccination remains the best way to do that. the pandemic is not yet behind us but within this week's

announcement vaccines for kids, more adult getting vaccinated, potential treatment for those who get sick we are accelerating our path out of this pandemic. the second way to make sure recovery is fully felt is to pass our bipartisan infrastructure agreement and my build back better plan which will be debated now and i will head over there shortly back to my office to make some calls. i to say very clearly, if your number one issue is cost of living, number one priority should be seeing congress pass these bills. 17 nobel prize winners in economics have said, spontaneously wrote to me together, said this will lower inflationary pressure on the economy when we pass my bills. a new analysis from the wall street journal, moody's analytics found it will ease the financial burden of inflation for middle-class families. put another way these bills

will provide families with as my dad used to say just a little more breathing room, because the build back better framework lowers your bills for healthcare, childcare, prescription drugs and preschool and families get a tax cut. that is how you end the anxiety people are feeling about the economy. that is how we give people breathing room. that in addition to the infrastructure bill. it will create millions of jobs rebuilding the arteries of our economy. by the way these two bills add up to the largest effort to combat climate change in the history of the united states of america. right now we stand on the cusp of historic economic progress. two bills that together will create millions of jobs, grow the economy, invest in our nation and our people, lower costs and turn the climate crisis into an opportunity. to win the economic competition

in the 21st century. passing these bills will say clearly to the american people we hear your voices. we are going to invest in your hopes, help secure a brighter future for yourself and your families and make sure america wins the future in the process. i am asking every house member, member of the house of the representatives to vote yes on both these bills, send the infrastructure bill to my desk, send the build back better bill to the senate. let's build an incredible economic progress, build on what we have already done because this will be such a boost when it occurs. let's show the world that america's democracy can deliver and propel our economy forward. let's get this done. i will be back to answer questions when they pass, may god bless you all and god protect our troops.

>> without the cbo score did you speak to jay powell? stuart: he's not answering questions. he's now on his way to capitol hill. that is the news out of the presentation. he gave the news out of the jobs report, all good news and then he said i'm off to capitol hill, that tells you the gigantic spending bills are in trouble. speaker policy has not been able to marshal the votes to pass that multi-trillion dollar social spending package and all the infrastructure packages as well. that was the news the president gave us. he is off to capitol hill because the spending bills are in trouble. the markets, no reaction whatsoever. we have a solid rally, dow is close to one%, the nasdaq is well above 16,000. another surprise from the markets. the yield on the 10 year

treasury, down to one.47%, the lowest i can remember in several months. can't explain it but a big plus for the nasdaq especially for those tech stocks. the vaccine makers, the outstanding stock among them is pfizer soaring on news it's covid pill is 89% effective against hospitalization, and merck is down because their pill is 50% effective. pete hegseth joins us on time. news is the president is headed to capitol hill to push for these mammoth spending bills. that tells me those pills are in trouble and nancy pelosi's leadership is not carried them to the point where they vote on it. >> precisely right and

president biden is not been the guy to rescue the deal. he has tried twice before and this will be the third time. this is the first time he had to do that after the election in virginia and new jersey which if you are a moderate or just a reasonable democrat, you are rethinking whether you want a $2 trillion socialist spending bill without a cbo score was that was the question we could hear, what will this cost? not that i think the cbo score is all that accurate but he is doubling down on the spending bill is a lifeline for the administration. he we are under crushing inflation as you cover better than anybody else and by the way the democrat party is unwilling to change if it comes out of virginia. those two things plus doubling down on mandates, a huge push back, we shall see. that feels like a lot of spin

to me. >> x percentage of any workforce will walk away at a time you can't find workers in the first place, the pain is still to come. i and to backtrack to something, the white house walked back president biden's comments about payments to illegals. >> as long as you keep sending that garbage out, yeah, but it is not true. >> the president is perfectly comfortable with the department of justice settling with individuals and families who are currently in litigation with the us government. stuart: i don't think the issue is payment to illegals but whether the president knew what is going on in his administration and who is really running the administration. that is what this is about. >> the cleanup crew came behind, the left-wing cleanup crew, what we got in the answer from president biden, this is garbage, was an honest answer

from a president who had no idea this was happening in the glimpse of 2008 joe biden, when he was running for president, supporter of the border fence, against sanctuary cities and believed in finding any employer that hired an illegal. it shows you his instinct was we would never pay 450,$000 to an illegal, we would never -- he didn't know and is falling back on how he really feels or felt as one time and as soon as he went behind the curtain it was cleanup time, got to loop you in on this we are definitely playing this. that is the reality. stuart: i need my dose of hegseth on friday and just got it. >> thank you. stuart: back to the market, spectacular performance. we have great news on the jobs and this chaos on the floor of

the house of representatives in washington dc. i think the market is paying attention to the jobs report and is ignoring chaos. what say you? >> it is friday and fridays have been friendly to the market, nothing new at this was the goldilocks jobs report, it shows growth in the economy, manufacturing was terrific and wage growth did not surge. we have cpi next week but at this point, the fear that we can see stagflation or signs with big surge in wage growth and no job growth at all. it keeps the party going, the momentum is going and the fed called to taper, pretty much customs, the u.s. treasury are issuing less debt in the fourth quarter as well by an equal amount.

the balance sheet expanded by $100 billion since the end of september. this party keeps going like a rocketship now. stuart: can you explain why the yield on the 10 week treasury has gone down to one.47, can you explain it? >> it was a dovish taper. fed chair powell in the committee, they fear a moment like 2018 and won't make the mistake again. the stakes are higher now. from the top down moving to a larger demographic that is reliant on higher stock prices for spending and heading into the holiday season. the fed was extremely dovish and even though there isn't real progress in washington, but the fact that there are talks makes you think there's not going to be a debt ceiling

issue and there's a little bit of underpinning to the bond market. stuart: it looks like a year end melt up. thank you for joining us, we appreciate it. the dow is up 300, nasdaq up 88. pellets on down 33%, that stock has been cut by one third as of now. they expect to sell fewer bikes as people get back to outdoor exercise, down it goes. show me live nation, the return of summer concerts help them, their profits last quarter after two years of losses and they are up 14% and the republican national committee suing the white house to stop the vaccine mandate from taking effect. a school district in indiana claims they don't teach critical race theory but one

school administrator says that's a big lie. you will see that story. texas has a message for cargo ship stuck in california. role tape. >> us get, everyone is doing it. stuart: steve hilton. steve is next. ♪♪ moving on up ♪♪ to the sky ♪♪ ♪♪ ♪♪ we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones you know how some carriers give you so little for your old or busted phone, let's partner for all of it.

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stuart: i have a correction. president biden announced he was going to contact house members to get them to vote for this bill. i suspect that he was going to capitol hill, he's going back to the oval office to make calls to congresspeople. he wants them to pass the spending will pressure them. a public school administrator in indiana says schools are lying to parents about critical race theory. take me through the story. ashley: in a video that has gone viral indiana public school administrator, schools are teaching critical race theory and intentionally deceiving parents. he is an administrator in the largest and observes dozens of classrooms a week. he says, quote, we tell our teachers to treat our students differently based on color.

and everything western civilization built is racist. capitalism is a tool of white supremacy. kennett spoke with jesse waters on fox news last night. >> we are not teaching critical race theory, it's not any academic standards but all of a sudden the classroom door shut and the teacher starts teaching through a lens of race essentialism that pits students based on their color. they should talk to kids teachers. ashley: the administrator claims the controversial curriculum is embedded in all subjects from math to science to history and encounter dozens of teachers who share his concern about crt. the indianapolis public schools has not responded to requests for comment from fox. stuart: the new york times

reports california trying to close the gap in math but set up a back lash. the time said proposed guidelines in the state would deemphasize caucus, reject the idea that children are naturally gifted and build connection to social justice. steve hilton lives in the great state of california and joined me now. california to me as a complete outsider, is politicizing math and that is all wrong. what say you? >> another example of the story we were just hearing about, an example of critical race theory being pushed where it originated in the faculty lounge in every aspect of our life and is embedded in what is taught in schools and california leading the way, if you can use the word leading to something so regressive because it makes the achievement gap worse. this is in the name of closing

the gap and the gap is caused by this kind of thing, by what george w. bush called the soft bigotry of low expectations, powerful phrase saying expect black kids will do worse than white kids. and reached the same standard. that led to an achievement gap in math. four years on average. that is the difference. four years of learning in california thanks to what we already had of this kind of teaching and they will make it worse in the name of social justice and as always with democrats they are guilty of the thing they lecture everyone about, they are the ones promoting the systemic racism in the education system. stuart: you needed parents were holding california like there was a parents revolting virginia and you may get one. i am sure you've seen this.

texas has a message for the cargo ship stuck in california. >> delays up to 100 days in california. less than two weeks your cargo can set sail from california and be at one of our 24/7 cargo ports, unloaded and on their way, choose a state that doesn't see inflation in america's supply chain back log, escape california. everyone is doing it, too texas. stuart: that was good political humor with a good reason behind it. california is losing a lot of business in texas these days. >> not just this. it is a widespread message and you see giant business at hewlett-packard, one of the founding companies of silicon valley going to texas. on and on it goes.

gavin newsom in the face of these defections, you've got the university, it is so complacent. it is true that california still has great teaching universities and well-educated people and a great state but they are doing everything they can to make it less great. look at the tax rates, the regulations. that's one of the reasons things are so jammed up in those ports and so unless they wake up and realize this escape from california by business and enterprise is a real thing they will find they don't have the money from taxes for the ridiculous social program they want to push out because the tax base is defecting. stuart: it is leaving town. we will watch you on the show, the next revolution, sunday night, 9:00 pm eastern on fox news.

we will see you again soon. amazon using robots to keep up with supply chain issues. jeff flock at a warehouse in delaware. show me how these robots work. >> reporter: can't show you right now because the robots are on break. robots don't take a break but people that run them do but we have pictures as we show you the incoming supply chain here. i will show a picture of the robots. will carney with me, general manager of the willington facility. >> we have quite a few robots. thousands of employees in the facility, amazon is a pioneer incorporating new technologies into our building, hired 1 million associates since doing so, making the job not only easier for associates that safer.

>> reporter: in the old days, someone grabbed something off a shelf somewhere. the robot brings it to you. >> brings it to the associate and to minimize walking and keep the team savor on the floor. >> reporter: this is a big help because workers are at a premium right now. >> it is a big help and we are continuing to do quite a bit of hiring, 125,000 full-time and part-time employees, with seasonal associates. >> reporter: incoming inventories, we just pulled one of these off, show me what you've got here. it could be anything from alleged cat food. what else have we got? that is a fit bit, we got more fit bits, hello kitty, you keep track of all this stuff. how do you do that?

>> every one of our products, we know everything in the facility. >> the robots to you and me and so on. >> all across the country. >> reporter: fascinating was a real treat to be inside these things. what behind the scene. stuart: it is so technically advanced. i would love to see one. see you soon. the mayor of miami became the first politician to get paid in bitcoin and started the trend. new york city's mayor elect announced he wants to to be paid in crypto instead of cash. donald trump did not play a significant role in glen youngkin's when in virginia. that might be the republican strategy in 2022. we will talk about that next.

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♪♪ i am back ♪♪ stuart: in midtown new york city. as busy as 2019. getting there but not yet. the mayor elect of new york, eric adams, will take his first three paychecks in bitcoin. adams wants to make the city the center of the crypto industry. this is what jonathan koenig thinks of that. >> taking a beanie baby, taking in a ponzi scheme. the point of bitcoin is speculation, not currency. this is virtue signaling. stuart: jonathan is not a fan. bitcoin is 61,245, down slightly on the day. look at the market, not pulling back much at all, 300 points for the dow, nasdaq up 80, higher than that.

plenty of green. movers, susan is back. >> let's talk about what jonathan koenig said. what is the definition of currency, able to be used in transactions. that is what bitcoin is used for, or 2. transactions in the future, sounds like a currency. you stuart: you disagree. canada goose, the surprise profits, better sales and a strong winter season which you would hope, don't know how canada goose makes money but raising full-year forecast, no supply chain issues. stuart: google past $3,000 of price earlier. did that mean --

>> briefly surpassing $2 trillion, briefly surpassing $2 trillion market range so only the third company to do that with apple and microsoft, the best tech stock on the year, 70%, could catch up, to assure and microsoft. stuart: expedia going strong. >> what is powering their bottom line is there air b&b competitor, the home rental, domestic travel, the entire travel stock, the airlines, welcoming vaccinated international travelers starting monday and boosting travel stocks at the pfizer covid pill. this broke 15 minutes ago, the

wall street and reporting the wall street journal is joining the sec in investigating a startup for overstating their production and what the technology is. stuart: an investigation will do it every time. republican glen youngerkin won the governor's race while keeping trump at base. the republican national committee, joined me now. keeping trump at arms length. is that the republican template for 2022? >> i don't think trump was at arms length at all. mcauliffe talked about trump every single day. trump endorsed youngkin to get into the primary and trump was pivotal in doing tele-rallies in southern virginia. i don't think that is a winning strategy. stuart: youngkin would not have mister trump in this day campaigning. >> youngkin didn't have anybody doing that.

it is the key focusing on what the voters care about. mcauliffe brought in biden, obama, stacy abrams and ignored parents being kept out of the classroom, ignored the inflation in virginia and the issues for janine's cared about and that propelled him to victory but it was the republican party helping youngkin across the finish line. stuart: your organization, the rnc suing the biden administration over the vaccine mandate. when you get the results? wind you get a verdict? before or after the mandate kicks in? that will be important. >> we filed today. it is so egregious that the biden administration would put front-line workers who worked through the whole pandemic, saved lives, at risk, if they are making agency over their own body.

i am very pro-vaccine. i got the vaccine, my kids have gotten it but i don't think people should choose between putting food on their table and livelihood and the government mandated vaccine. i think it is unconstitutional. we don't know what the courts are going to do. this is such an emergency, so critical to our public health and safety that we are going to delay it until after the holidays in january. it seems politically motivated and takes away from the argument that biden is making that it is a huge public health issue. stuart: in new jersey republican jack - refusing to concede. >> we are looking at the way new jersey brings in their vote, the accounting vote by mail ballots through monday. there are a lot of votes out there as well so we will make

sure it is done throughout the election, poll watchers, the.20 more. it is very tight. the way new jersey conduct their elections, we need to wait until all the ballots are in. stuart: we covered a lot of ground in the last three minutes. thanks for joining us. as of now the vaccine mandate only applies to businesses with 100 or more employees but president biden could soon put small businesses on noticed too. we will explain. president biden said he is heading back to his office to make calls on the spending bill. speaker pelosi desperately trying to get those votes. it is chaos down there, pure and simple. a report from capitol hill is next. ♪♪ one way or another ♪♪ i'm going to get you get you ♪♪ one way or another ♪♪ i am going to get you ♪♪ one way

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stuart: the rally continues, apple is up 150, meta-platforms up as well. alphabet hit $3,000 a share. that would make it worse $2 trillion. the biden administration considering big changes to the vaccine mandate, what are they proposing? >> the health and safety folks looking at whether businesses are fewer than 100 employees, for vaccine and testing mandates. as it stands beginning january 4th businesses with more than 100 workers have to mandate vaccines or else employees need to wear masks and be tested for covid weekly. osha considering the same rule

for small businesses despite concerns smaller employers don't have the same capacity to implement the rules without significant disruption. osha says it will listen to comments before making a final decision but that could be huge for small businesses that would have a hard time. stuart: huge for the labor market. that would be a disaster. senate minority leader kevin mccarthy with an update ahead of the spending bill. the vote today, he said the vote, giving you some headlines from kevin mccarthy's press conference, he said the vote today is irresponsible, democrats are bullying their members, the $4 trillion bill will bring harm and damage to the economy and our society. he says there are so many problems if it passes in the house it won't pass in the senate. conference of opposition to the gigantic spending bills causing chaos on the floor of the house right now. that is kevin mccarthy.

speaker pelosi desperately wants a vote on the spending bill today. you heard the president say he was going back to his office, to make sure they vote on the spending bill. hillary vaughan on capitol hill. >> we are hearing lack of cbo score is what is scaring off democratic members from being able to vote yes on social spending package. how slow things are moving and how stalled they are, the house broke the records for the longest voted recorded history. this vote to adjourn has been open and until it closes the ball cannot get rolling on social spending package and infrastructure package and while the vote remains open and in limbo, you have seen members go in and out and part of it is behind-the-scenes negotiating trying to convince members who want to cbo score to make sure it doesn't add to the deficit

to vote yes anyway, house majority leader steny hoyer said it is impossible to get a cbo score. it will take some time. it could take weeks. it could go into thanksgiving week. the reason this is relevant, flash back to 2017. policy at the time criticize republicans for trying to shove through legislation without a cbo score, we dug up some of her tweets from the archives. she said shouldn't but without updated cbo score, republicans trying to jam a bill through without an updated cbo score on its impact. she has in the past recognize how critical it is for lawmakers to have a cbo score on key legislation that seems her position has flip-flopped today. stuart: they are arguing about the cbo score, however much it is going to cost.

it is the moderates who want the cbo score, that worried the moderates more than anyone else. >> they signed on to the letter demanding they need a full cbo score before they can vote yes. that was sent to pelosi days ago. she is aware of the issue and thought the jcp analysis that came out yesterday would be enough to satisfy them but as we reported there are parts of that that are less empty, jcp punted some items in that to be scored by the cbo. that's not a complete scoring. that is where it is important because stuart: am i right in saying that the left count care? they don't care what it costs? >> reporter: no. and they probably -- i think one of their arguments is they wish it cost more. they think this is a big compromise. they wanted $6 trillion. so they're not necessarily concerned here about government spending. they've been trying to push the price tag higher and higher. stuart: i think you're going to have a long day on capitol hill,

hillary, and you have my any. that's a -- my sympathy. that's a fact. [laughter] the dow 30, well, let's see now, we've got 25 of them are in the green. that means the market is up pretty much across the board, and the dow is above, well above 36,300. all right, folks, don't go anywhere. friday feedback is next, and we will be talking about the beatles. ♪ ♪ late nights in the middle of june ♪♪ as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately

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♪ i am the walrus finish. [laughter] stuart: most creative song ever written in popular music. i am the walrus written by john lennon. it's friday feedback so we have susan, of course, and ashley. are you ready for this, boys and girls? >> always. >> bring it on. stuart: pat wants to know this: did you ever think the beatles would be as popular as they are in 2021? no, i did not. i knew the music was fantastic, and i loved it, of course, i was a teenager, but i couldn't think

it would be as popular as it was now. i'm not asking you about this, susan, because you're too young to know. >> that's ageism. stuart: yeah, that's true. how about you, ashley? >> no, i kid not. what's amazing is they were only together as a band for eight years. they had 20 number one hits, and their music goes on forever. so it still holds up. yes, it's a bit old for some, but there's some classics that will never, never -- stuart: for example, the walrus. i mean, that was radical this its time. [laughter] i mean, if you came out with it today the, you'd think, good lord, that's new, wouldn't you? you would. it's still good. >> i will tell you this, you know, stu, we do have this huge documentary on the beatles coming out on disney plus. it's supposedly the most informative and insightful video that you've never seen before, so i'm looking forward to that. stuart: i might actually watch that. rodney. would you please stop calling

your program a show unless you're going to sing and dance? [laughter] you're a fine business program, you're not a show. i used to call it a broadcast -- [laughter] >> who says you can't sing and cannes? come on. stuart: no, no, no. you're right, rodney. show is not the right word to use because it's not a variety show or something like that. sometimes -- [laughter] i'm trying to do my best to call it a program or something. i'm sure crypto is still foreign to you, but are you warming up to it? yes, sir, i am, on the grounds that it's not going away, and i might make some money if on it. how about you, ash? >> i am warming up to it. i think it's, you know, here to stay, but i have not yet yet dipped my toe in the crypto pool. stuart:? >> it's strong, it's powerful, it's definitely the future, and that, i think, ties into the metaverse as well. it may not be good for if society, but i think it's definitely happening. stuart: it's going to stick

around, that's for sure. chad, just wondering to you had considered joining cameo.com -- [laughter] >> do you know what that is? that's when a celebrity like yourself or well known people make surprise messages that are personalized. so stu varney will dial and say happy birthday, how are you? i think you should definitely do that, because you have that warm touch once in a while. stuart: you have to call people in. >> or you send in a recorded message. even you know how to do that on your cell phone. >> i love that. >> you get paid. stuart: you get paid? >> it's not allowed. stuart: i'm not sure what my if employer would say about that. how about you, ash? you could do it. >> no, no, i wouldn't. do you remember do you remember the old answering machine tapes? this is the next generation. stuart: do you know what an answering machine is, susan? >> is it kind of like a fax machine with voice? stuart: yes, it's outdated. [laughter] what are your plans for

thanksgiving this year? that's easy. i'll be spending time with my family out on the farm out in the country. how about you, susan? >> i'll be spending it with my mom this year as well -- stuart: i do not grow christmas trees. >> you will one day. [laughter] stuart: a ashley, where are you going? >> well, i didn't get an invite from the varney family. i'm going to be in florida with my own family and friends, so i'm looking forward to it. stuart: okay. hilton writes this -- milton asks this. stuart the, after you moved from great britain to america, did you have a problem adjusting to driving on the right side of the road? yes, sir, in one respect i did. in america you have occasionally you'll see a rotary, you know, where you go round -- >> round-about? >> they're all over england. their very, very common. they're very uncommon in america. and the first time i drove up to a rotary in america, i went the wrong way. i went completely the wrong way -- [laughter] that was about my only rob.

but i love driving in america. the roads are fantastic, the cars are big and comfortable, much better than in europe. what do you say to that, ash? that's true, isn't it? >> absolutely agree. stuart: everything's better here. >> the roads in europe are within inches, and in america you've got yards. also i remember i drove stick in england, so having to shift with my left hand in england was great because i was right-handed, so i could be a little smoother. when it came to america it was the first, second, so forth -- [laughter] it took me a while to get used to it. stuart: an oldsmobile delta 88 was my first car in america. it was huge. it weighed about 2 tons, got 11 miles to the gallon, but it was a glide ride -- [laughter] >> you drove manual? stick shift? >> stuart: no, that was automatic. >> wow. automatic back then. is road rage better here or

worse? stuart: road rage? >> yeah. stuart: i've never seen it. friday feedback, we've done that. let's get to friday trivia. how many registered cars are there in the united states? the answer when we come back, choice on your screen. ♪ ♪ i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones

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♪ stuart: i thought this was a really good question. how many registered cars are there in the united states? all right. let's guess. first of all, ashley, make a guess. >> yep. i'll go with 301 million seeing as there are well over 3 if 00

million people in the united states. >> i'm going high, i'll say 276. stuart: i would also go with 301 million because there's a lot of cars -- >> 276. we got it wrong. did you get it right in. >> no, that was my strategy, i chose what you didn't choose. [laughter] stuart: 276 million is the correct answer. thanks, susan, thanks, ashley. see you next week. neil, it's yours. neil: seems the more discord in washington, the more the buying at the corner of wall and broad. all the major market averages buoyed by that really strong jobs report and some very good news on the covid front. a pill to deal with covid. i'm very, very serious. and this one showing potentially a lot more promise and notoriety than merck's pill. we're going to be talking to the ceo of pfizer on the significance of this statement.