the german shepard is selling it, joe. your thoughts. >> it's amazing. that's my plan, maria. i'm going to leave my savings to maximus, my dog and give the 8ing-track collection to the kids. man -- [laughter] this is max, by the way, five months old, new a addition to the family and very tired right now. maria: oh, love that. dusty would love that too. good to see you, bob nardelli, joe concha, thank you very much. "varney & co." begins right now. stu, take it away. stuart: well, the dog show is over, good morning, maria, and good morning everyone. [laughter] let's get serious. a mounting chorus of criticism for the president, and it's coming from his own party. and it's coming from the democrat bible, that is "the new york times." if the democrat loses the times, that democrat has a big problem. quote: i warned the democrats about inflation, writes steven rattner. how could an administration

gotten this issue so long? that's what he's saying. ratner was a top official with president obama. quote: democrats shouldn't panic, they should go into shock. you'd think warnings and discontent like that would make the president change course, but he can't. he's locked into far-left policies that created his problems. despite inflation, or maybe because of it, consumers are buying early for the holidays. the retail sector is on fire. macy's reported this morning. foot traffic strong, that's important. consumers are going back to bricks and mortar stores because they know that if they see it, they can buy it, no delay. i'm sure you've heard of the chip shortage. yeah, real, and it's really helping nvidia. strong profits, very strong revenue, and this giant stock is up big again. here's the rest of the market. not that much price movement this morning. the dow's going to be up about 20, s&p11, nasdaq up maybe 85.

not too bad. interest rates, the 10-year treasury priced at 1.61%. bitcoin still hovering around the $60,000 level. it's right now at $59,000, just above. and ethereum just at $4,100. some pressure on cryptos this morning. then there's this. a chinese tennis star goes missing after alleging a top political official sexually assaulted her. women's tennis association demands to know about her safety and whereabouts. this is a hot issue with the winter olympics beginning in china in a couple of months, and there is growing talk of a boycott. one hour from now you can expect fireworks on capitol hill. this is a hearing for saule omarova, biden's pick for control of the currency. senator pat toomey will call her a socialist and the most radical candidate he's ever seen for a federal regulator. how about that? thursday, november 18th, 2021.

"varney & co." is about to begin. ♪ muck. ♪ ♪ very superstitious, writing's on the wall ♪♪ stuart: you're looking at the statue of -- the you're looking at the empire state building. that is, of course, new york city. >> a little foggy. stuart: yes. i got that. another former obama economic adviser slams the administration over their handling of inflation. in a new york times op-ed, steven rattner writes this: how could an administration loaded with savvy political and economic hands have gotten this critical issue so wrong? they can't say they weren't warned. miranda devine is with us. miranda, these are the people biden has worked with, and you can add former treasury secretary larry summers to this list. why does the president not

pivot? >> well, i mean, i'm just surprised that steven rattner is surprised at all. i mean, this is just very on brand for joe biden and his administration. there's this sort of toxic mix of arrogance and incompetence and recklessness anded rah callism -- radicalism and stubbornness. joe biden isn't going to admit that he's done something wrong, and they are absolutely determined to pour more gasoline on the fire with this reconciliation bill coming up. you know, they -- as rattner said, the original sin was the coronavirus spending bill, a couple of trillion there and then the a couple more trillion here and a few more trillion coming up, and they don't care that that is fueling inflation which is the cruelest tax on the very people that joe biden pretends to be pulling for. so i don't think it's a surprise. i think what's really gob smacking and i think opening up

a lot of people's eyes is the fact that they keep on lying about it. they say, oh, it's only transitory. and then when it just keeps on going, it is obviously going to last, they say, oh, it's really actually just a high class problem. it's the really not -- it's really not a problem x then they get this media stooges to go out and say it's because we're so wealthy and we're doing so well that inflation's happening. stuart: his only hope is that things turn out better at some point. hopefully, inflation declines. hopefully, something happens on the border. [laughter] i mean, it's just -- they're living in a dreamland really. it's just hope. do you think inflation's going to get better? do you think things will improve? do you think the border's going to improve in. >> well, of course not because the very people that have created the disasters are just making it worse, and they -- you know, the border, for instance, mayorkas was confronted on that in the senate yesterday and on

tuesday, and he just was recalcitrant. he did not care. he just said that he was more compassionate than the terrible trump man. that's all he could talk about. and he said the $450,000 payments were not going to be a magnet. it's the same attitude they had to afghanistan, it's the same attitude they have to inflation. they're living a la la world, and they think if they tell people something that's not true, that they will buy it. and i guess they're lulled into that feeling because they have such a docile media. but the voters are not going to be quite some tolerant. stuart: i like that expression, gobsmacked. i haven't heard it in a very long time. [laughter] miranda devine, see you again soon. >> thanks, stuart. stuart: osha is suspending the federal vaccine mandate. >> this was slated to go into order january 4th, but the

supreme court issued a stay, and osha is complying with that stay. look, it's becoming more difficult to argue that covid poses such a grave danger that warrants mandatory vaccinations because vaccinated people can still transmit covid, as we're learning, and treatment options are expanding. and there's another wrench. here because you have businesses struggling to keep up. anthony fauci is suggesting that booster shots may become the new standard for that school vaccination category. so what are you supposed to do if you're a business trying to abide by all these different sets of changing rules? stuart: yeah. i think osha and the courts may have done the president a favor by turning away from this vaccine mandate for private businesses. that means you probably won't have these staff shortages as you get towards christmas. >> it certainly helps with inflation, absolutely. stuart that's right. let's move on from there. we've got the ceo of goldman sachs, very important guy on wall street. he's got some words of caution for the markets. watch this.

>> when i step back and i think about my 40-year career, there's been periods of time when greed has far outpaced fear. we are in one of those periods of time, and generally speaking, my experience says that, you know, those periods are not long-lived. something will rebalance it and bring a little bit more perspective. certainly, given that it feels like inflation's running above trend, chances are interest rates will move up, and that in and of itself will take some of the exuberance out of certain markets. tier institute okay. greed -- stuart: okay. greed outpaces fear. greed is good. who said that? d.r. barton is with us. this sounds like we are in the very late stages of a bull market. what do you think? >> well, greed is good was gordon gekko in the movie "wall street" way back in the day, stuart. and you know what? david solomon has so many researchers at his disposal.

he's a sharp guy. of course we're in a later stage of a bull market. this bull market is really old if you take out the covid dip we had last, you know, last year. you know, we got that big correction and then an immediate move up. but here's the thing, people who hear late stage start saying, well, maybe i should start taking some money out, and that, i believe, is the exact wrong thing to do right now. we have got to see some signs that we're topping in the market before you start pulling money out. you could have pulled money out in 2016, 2018, lots of different times. i do not think now is the time. i think we have a little bullish run left. stuart: well, you've got me worried here, d.r., because we've got inflation, and we've got a federal reserve that sooner or later has to take some action or the whole thing spirals out of control. maybe then you'll see a nasty pullback. that always worries me because that fed intervention seems to be very close.

>> and it's a huge thing to watch for, stuart. and here's one of the sign posts that i'm watching. when the fed says, yes, we're going to consider tapering, actually, we are going to start tapering, the market had already discounted that, had already said, yeah, we're expecting that. is here's where we stand. we've got this huge rash of money that's till this, stuart, it's still providing a tide pushing the markets up, and as long as that is happening, we do not want to get out of the way of that tide. we want to leapt us push our vote is -- let it push our 401(k), our pension plan, whatever we've got, let it push that up as well. be on guard but the time is not yet now to act. stuart: you've been saying that for the last 4, 5, 6, 7, 8, 9, 10 years, i don't know how long, but you have been right. i just worry this time you might

be wrong. [laughter] come back soon and straighten us all out. thank you very much. i'm going to take a look now at rivian. they're down today. i think yesterday was their first down day since the ipo, down again this morning. update me, what's going on with this? >> well, the stock came out last wednesday at $78, and it hit at one point 147 -- >> that was wednesday? >> yeah, the 10th. november 10th. i'm going to bottom line this real easy, reality bites. investors are buying into the ev promise, but the reality is rivian has 60,000 reservations for its $70,000 ev truck, okay? americans are are still very range-anxious, they're keeping their gas cars longer, so the chase to be the next tesla is a crowded chase right now. and it's stalled out a bit. in the meantime, in the past week, rivian finish. [laughter] is the world's third biggest automaker by market cap. stuart: unbelievable. >> people are saying don't discount gm and ford because they have the infrastructure for

the ev revolution, and they're putting a lot of money -- stuart: rivian actually went to $179. that was the high. having opened, gone out at the ipo at 78. so in about five or six trading sessions they went from 78 to 179, and they've backed off now to 140. that's still a gigantic gain. >> getting a lot of traction with the wall street reddit crowd. stuart: exactly. almost a meme stock. futures, check 'em, please. a nice gain for the nasdaq coming up today. harold to believe the -- hard to believe the president's pick to oversee the banks wants to get rid of all private bank deposit accounts. watch this. >> there will be no private accounts, and all the accounts will be held -- the. [inaudible] stuart: saule omarova facing lawmakers on capitol hill this morning. should be some fireworks there. inflation and supply chain disruptions, the ceo of gioia

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over. union workers voted to approve a third contract offer. they'll be back on job as soon as tonight with big raises and bonuses. stock's up 2.5%. some of the people dealing the most with rising inflation are our military families. the pentagon's stepping in, what are they doing? >> off-base food and housing, especially an area that has seen rents go up 10%, and since secretary lloyd austin called this a readiness issue, they've got to make sure the the service member have is what they need so they can focus on defending our nation, not providing for their family. stuart: a 10% pay increase, is that it? >> yeah. where they're getting the money from, i don't know. the 2020 budget's not in yet. stuart: the ceo of gioia, company whose products you see in just about every supermarket all over the place, bob joins us now. why did you have to raise

prices, bob? >> well, stu, it's great to be with you, but i have some breaking news i'm going to break on your show. i figured out why the price of lumber spiked so much, and it's because the government has been printing so much money. you know, we have an unfair competitive disadvantage with big government from one year to the next. last year with covid, this year it's much worse because we've gone from capitalism to socialism. the government has stepped in as our competitor. they've incentivized people not to work. 4 million people left the work force in september. so we have to deal with a competitor that can print money all day, and we don't do that. we have to -- we can can beans and things like that, but we can't print money. stuart: what have you got a problem with supply?

you can't get the product on the shelves? >> you know, the is -- u.s. is the biggest consumer in the world. we consume more goods. the logjam is from asia to the united states. we're not producing things here. we're buying everything. so the demand for these products has spiked the price of transportation. for example, containers. labor costs up significantly because the government has chosen to incentivize people not to work. you can't go anywhere. you know, we are struggling to keep people, you know, working. you know, last year with covid we were working, and we were a capitalist society. when the government stepped in and started printing money and giving it out and telling people you don't need a reason to get up in the morning, you don't need to work, then we have to

pay a lot more to compete with the government and ask people to come to work. they're not coming. stuart: a couple of years ago i think it was, you're on the show, and you'd been with president trump. you'd been, you know, photographed with him. and there was a boycott of your products. how did that work out? as i recall, you couldn't get your goya beans on the shelves of the supermarket because people had jumped in and bought 'em all. did it work out okay for you? >> we've had so much spo. you know, we've -- support. we've kept our core market. you had a lot of noise from a few. that's what's happening in our country. we did very well because we kept working. you know, we have a reason to get up every day, to work. ed god, family, work and school. and so, you know, we're -- there's the story of dubai and the guy that built it who said my grandfather rode a camel, my father rode a camel, i drive a

mercedes, son -- my son drives a mercedes, but my if grandson will ride a camel. we are heading for hard times. we are dismantling this country. we're getting soft. we have the government as our biggest competitor. government needs to get out of the way and let us work. stuart: we hear you. good to see you again, bob, we'll see you again soon. >> thank you, stuart. stuart: all right. the administration claims that passing the massive spending bill will ease inflation. some top economists say what? >> doug holtz-eakin says build back better injects hundreds of billions of dollars into an economy that doesn't need it. doug hellen do have say -- elen do have says it increases demand for years, but mark zandi who's

actually a proponent of build back better, he even said this is going to tack a few tenths of a percentage point to gains in cpi next year and the year after. three economists all saying build back better, this sevenning, adds to inflation -- spending. stuart: lauren, thanks very much, indeed. opening the markets in about three behalf minutes. a bit more than that that, seven. the the dow's going to be up about 26 and the nasdaq up about 80. we'll take you to the opening bell next. ♪ i feel it coming, i feel it coming, babe. ♪ i feel it coming, i feel it coming, babe ♪♪ kevin! kevin? kevin. oh nice. kevin, where are you?

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♪ stuart: gary kaltbaum joins us this morning. good morning, gary. i'm going to ask you the same question i asked at the top of the show, do you think we are in the very, very is late stages of the bull market? >> i think there's a good chance we're in the ninth inning of the bull which will last maybe a few more months. a lot of fireworks, a lot of euphoria. you will know we're in it if you start to see some kind of 1999-type action. and you mentioned earlier rivian. when you see something like that, that has almost as big a

market cap as gm and ford, that's everything you need to know. and market comps come, from number one,ly ridiculously high valuation and i think, number two, maybe they're taking the pedal off powell with his easy money to a certain extent. not a lot, but probably enough. i'm expecting more taper next year to start topping. stuart: the white house says we'll get a pick for the chair of the federal reserve by thanksgiving. that's next thursday. i wouldn't be at all surprised if they didn't make the announcement late on wednesday night to minimize the market reaction, but what do you think the market would do if the president chooses lyle braynard? >> i don't think -- lael bray nampletd. >> i don't think it changes much. they're both into printing money, they're both into 0% interest rates. so i don't think much changes. i do know she's a little bit more strict on the banking regulation and things like that,

but i've got news for you, look who they put in as nominee for comptroller of the currency who wants to basically get rid of what we have and oversee all our deposits. i'm not sweating it that much. pick or choose either one, it's going to be the same game. stuart: i keep saying this, that at some point with inflation running as hot as it's running, at some point the fed has to act more forcibly than it's acted already. is that a crucial point? when the fed acts forcefully, is that when everything gets upset? >> when they are forced to. you know, the fed told us if we ever go above 2% inflation, oh, we have to tighten. and you see they're in no rush. if i was running the fed right now, there'd be no more money printing, interest rates would be 1 or 2%. why? because they say they have tools, they say they have control, but they never predicted in the first place, and i have news for you. if inflation really does get out of control, there goes profits, there goes the consumer, there

goes the wealth effect of the market, and we're certainly potentially heading that way. and again, they're into hear no evil, see no evil, speak no evil, and to the hear biden say that is the policy to lower inflation, to me, that's stand-up comedy. surestuart: you're adding to my anxiety, gary, but you are objective, and we appreciate that. it is now 9:30, it is wednesday morning, and we've started trading on wall street. right from the get go a small loss for the dow industrials. you're could be about 20 points, that's immaterial. 35,944. and now it's just turned to the upside -- nah, still flat. the s&p 500 is down -- it's actually up, i'm sorry, i keep getting this mixed up. it's up a quarter percent. you've got a gain in the s&p. it's at 4,700 right now. nasdaq, nice gain there, up nearly one-third of 1%. so i presume big tech's doing okay. not bad. microsoft is down a little but

apple at 153. amazon moving up, 3566. you've9 got to show me nvidia. i believe it's the surging -- yes, another -- >> wow. stuart: you heard that wow from susan. [laughter] >> that's really impressive. stuart: that must have been a good earnings report. >> yeah, it was. already a pretty high bar. nvidia even beat those high expectations, so we're talking about a record quarter for the world's biggest chipmaker and, yes, strong sales when it comes to gaming, artificial intelligence, data center chips. if there's a weak spot, crypto mining fell off a clip for crypto sales chips. down from the spring time, so that's sequential. now, is it a big deal? obviously not because these mining chips are such a small part of the business, and he was really bullish forecasts for the rest of this year. it's only the beginning, by the way, according to nvidia.

we're at $300. stuart: we've been talking about this for months. >> years, i would say, because they're going to benefit from the metaverse, as you know. stuart: i do know. cisco is a dow stock. it's shaving, what, about 30 points off the dow industrials, roughly speaking. that's a big drop. what's the problem? >> going to old tech, the network equipment supplier making less sales in the summer than anticipated. the rest of the year isn't looking that great either, so cisco is actually blaming inflation. you know, the higher component prices and other costs are hurting their profit margins, and i wonder how many ceos and earnings will continue to point, you know, they have no other factors, the ceo can say, well, it's not my fault. it's inflation, the supply chain, there are chip shortages. stuart: it's not exactly an excuse, more like a reason. >> well, you're going to hear that over and over again. stuart: you're right. alibaba reported early this morning, way, way down, 8% drop.

this must be china's crackdown of big companies. >> yeah. a victim of china's crackdown. sales, profit missing, guidance weak. and alibaba was fined almost $3 billion in china's anti-monopoly probe, -- stuart: they're down about a third in the last 6-8 months. >> so remember, they're at half the peak that we saw over the past 18 months. stuart: similar company in china, jd.com. >> so i would say they're probably benefiting because alibaba is hurting. jd came out with better sales and profits. other e-commerce sellers do better. stuart: foot traffic at department stores, macy's, look at it go. 13 up. >> yeah. higher sales, higher profits. they're raising their full-year outlook, and i think the reason

why the stock is up 13.5% is because they're launching a new curatedded digital marketplace. think of the select items that think they will -- they think will match stuart varney. curating some of of the fashion and other product initiatives. stuart: kohl's. >> remember, this was one of the original people stocks as -- meme stocks as well? if we're talking about a record third quarter. shoppers are buying more clothing, more makeup. and wouldn't you say, i think this kind of validates that wall street bets and those retail traders, there's no such thing as dumb money versus smart money anymore. they know what they're doing. they went against the shorts. they saw the fundamentals, and i think the stock is proving that. stuart: all right, i'll take that. i believe that foot traffic probably played a role as well. >> up 16%, that's correct, which is very strong. stuart: that's a big deal. tesla, now what? they're going to recall 7,000

vehicles. that is not a big deal. >> well, given that these are 2021 models, i think that's a big deal. given that they've, what, so far delivered 600,000 cars? that's roughly 1-2%, i think that's a big deal. it's not great for their reputation. also it's the air bag placements. elon musk is not happy with president biden. you know who he was visiting, and you know what he said there was not pleasing for elon musk. president biden was praising general motors, praising mary barra as first in electric and musk sharing the crying/laughing emoji calling this a clown show yesterday at general motors. tooth stuart well, that's because the president only supports electric vehicles made by union concern. >> that's right. and tesla is not happy that in order to get your $12,000 ev

credit, tax rebate, it has to be made in a union shop. stuart: pathetic. >> that is not free market, is it? stuart: no. what a ridiculous tilt to the union just for political purposes. >> and think about what tesla has brought in terms of technology, spending, taxes, you know? stuart: all right. i see we've got to talk about the oat milk people, the singing oat milk people. [laughter] before you go on about this, do to you realize that there is 9 grams of sugar in every cup of oat milk? >> actually look at the carbohydrates, and there's -- [laughter] something like 15 grams of carbs for 240 milliliters. okay, boy, they're getting a lot of exposure from this horrible commercial. stuart stuart didn't it sell off the other day? now they're saying come back in again? >> mayor can stanley -- morgan stanley is saying it's a buying opportunity, only worth $14,

they cut their price target but this might be a discount here. boeing got another upgrade this morning, the second one in two days. jpmorgan saying it's overweight. wells fargo did that yesterday. both are encouraged by signs in the recovery in travel. stuart: i really think we covered a lot there rather well. >> okay. i like this tie/suit combod today. that looks very cure rated. we've got boeing and home depot. it's really interesting about the consumer thematic retail trend that we're seeing. now, for s&p winners, nvidia, moderna's up there, amd. again, i think same will be for nasdaq, it's the chip rally that we've been looking at. stuart: it sure is. >> qualcomm's up there two. four out of five are chipmerricks. isn't that incredible? stuart: well, we did say it was

coming, didn't we? we knew we've got a chip shortage -- >> not just that, just the the buildup of the metaverse. ford is also getting into chips. they're partnering up, so i think really zeroed in on how important these semiconductors are. stuart: i read this morning that the european union was going to set aside a bunch of money to build chips in europe with. all right. good stuff, susan, thanks very much, indeed. the dow is down 35 in the first 8 minutes' worth of business. the 10-year treasury yield is 1.6 is. the price of gold not doing much, bitcoin back to 58,9. price of oil, $78 a barrel. well -- >> you weren't taken -- you more taken aback by oil than bitcoin? five days in a row we're down. stuart: nat gas still below $5. average price of regular gallon

of gas, $3.41. but, oh, look at california. done it again. up some more. $4.70 is your average in the golden state. >> that's pricey, yeah. stuart: good luck, folks. msnbc anchor joy reid tried to draw a parallel between kyle rittenhouse and brett kavanaugh. roll tape. >> the kyle rittenhouse trial, it reminded a lot of people of something, the brett kavanaugh hearing. in america there's a thing about white individual landtism and white tears. stuart: well, that was poppy cock, of course, but millions of people do watch joy's program. new york times says rich people are creating a false pan inabout inflation. we have that story. foot traffic way up to bricks and mortar, and that's surely

good news for the ma'ams. gerald storch, retail expert, next. ♪ 'cuz we are living in a material world, and i am a material girl. ♪ you know that we are living in a material world -- ♪ and i am a material girl ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria.

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♪ this is how we roll ♪♪ stuart: sunny, chilly, 33 degrees. i bet they have a frost. look at walmart and target. they are planning on keeping prices low, so they say, despite inflation. i guess investors are are not happy with that, especially target? >> because it hits hair margins. but, look, what walmart and target are doing are making plays for market share. if they absorb the cost, they keep the loyalty of their customers, and that could be a winning strategy in the end. i've got to say, it's working.

they also commented on what they're seeing from early holiday shop isers, spending is strong and no signs of trading down. sometimes you buy a cheaper brand or smaller size of something, and both companies said we didn't see that in the quarter. stuart: okay, got it. both have now turned negative. retail sales did, indeed, go up in october. foot traffic's real strong at stores, way up. gerald storch joining us, retail expert extraordinaire. people are coming back to bricks and mortar. is this the bigtime return of the malls in. >> hey, the economy is supercharged. to understand what's going on, i brought a chart with me, if you could put it up on the screen, that'd be awesome. this explains supply chains, inflation, everything. look where sales were before the the pandemic and where they are now. everything in between has been a wild ride are. ignore it. so two years ago in july versus this year in july, pre-pandemic

versus post-pandemic, sales were up 18%. it's been accelerating all summer. all talk about delta, i've been telling you, it's been going up, up, up, up. 22% two-year increase is absolutely unprecedented. in a good year we'd be up 4 or 5%. for two years that number should be maybe 9%, not 22%. stuart: that's amazing. when you've been on the show before, priest holiday periods, you've always said or frequently said that amazon is the standout retailer. what about this year? who's the standout retailer now? >> it's still, it's still going to be amazon, but it's also going to be target, walmart, costco, tj maxx, the winning bricks and mortar-based retailers. strategies that were working before the pandemic will work after the pandemic. strategies that didn't work before the pandemic, they didn't suddenly get smart and brilliant. of course, everybody looks

great. the department store numbers that came out today the were great. when you look at it versus 2019, they're still the slowest growing part of retail. they're still losing share. it won't -- just because we had a pandemic and we came out of it doesn't mean everybody wants to shop where their grandmother shopped. that's not going to happen. internet sales are at 40% when bricks and mortar were with up less than 20 because the total is up 20 for this entire period. amazon's still the winner, target, walmart, costco, tj maxx, home depot. stuart: are we going to see the return of doorbusters for black friday? >> absolutely. you'd be insane not to have the most aggressive black friday you could have. just because -- [inaudible] nonsense. retail sales are on fire with all the money in the economy. november's going to to be great. and december's going to be the even better. it's going to be thing biggest christmas ever, guaranteed.

people have the money, they're going to spend it. it's ab an open book test. [laughter] it's not calculus, it's long division. stuart: one of these days you're going to tell us what you really think. [laughter] gerald store the. , you're good at this. i hope to see you again many times before the holidays. thanks. >> my pleasure. stuart: we've got a bipartisan group of lawmakers urging the labor secretary to speed up a particular federal training program training truck drivers. how many do we need? >> 80,000, and like now. some of these drivers are retire thing, and the young drivers want that last minute delivery so they can stay closer to home. makes sense. house lawmakers are pushing marty walsh to speed up the training programs by finding more workers and training them a lot faster. but for the state of new jersey, for instance, there is social distancing required at the the motor vehicle office when you go in and get your commercial driver's license, so it's the slowing the number of people that come in. that just gets some, you know,

into the car, that slow process, and then they have to learn how to drive the truck, and it takes a lot longer than usual. stuart: young friend of my family making $100,000 a year as a driver. he's fresh out of college. what a guy. >> does he enjoy it? stuart: yeah, he kind of likes the money. [laughter] look, we've got electric vehicles, they are all the rage even for the president. look at this. stuart: yes, it is, because it's fast. we'll take you to the los angeles auto show where evs are the main event. now, we did tell you about that california city declaring itself a sanctuary city not from immigration, but from federal covid restrictions. the mayor of that city -- yes, it's in california -- he's on the show coming up later. ♪ i was born free, i was born free ♪♪

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stuart: osha has suspended president bis vaccine mandate for large companies. madison alworth with me here in new york today. you spoke to some of the people who have been fired the for not

getting the jab. now, if osha has suspended that mandate, and i guess they have, can these folks now get their job back? >> reporter: so this is good news for people working at companies with a hundred employees or more. the people i've spoken to that have lost their job, they're all health care workers. stuart: ah. >> reporter: they are not able to return because of this. this is still a mauving target. right -- moving target. it's been suspended, tied up in the courts, so let's get caught up with where we are today. so that first one which has to do with workers with companies of 100 or more, that's tied up. the second one, that is a requirement that's coming from the cms rule requiring all health care workers at facilities that accept medicare or medicaid to be vaccinated. there is no testing option for those workers. so far ten attorney generals have filed a lawsuit against that rule, but for now it's still in place. i've been with able to personally talk to health care professional who have already lost their jobs or worry about losing them. one is jen.

she's a mom who posted about her last day on the job as an rn. she wrote: this week these shoes and badge were retired not choice, but because i refused to get a new vaccine, but while breast-feeding a new baby. and now she worries about others. >> my prediction is we're going to see the quality of health care decline are. you're going to be losing, first of all, staffing. so there will most likely be some staffing issues. but you're also losing the experienced nurses. and so that combination is not a combination that the i think anybody really wants to see. >> reporter: so there are unions calling for even more vaccine mandates. the aflcio -- afl-cio asked for the mandate to include smaller

companies. so supporters of the mandates and this is for osha, they're saying it's going to help get people back to work, people who oppose the mandates say it's going to make a bad problem even worse. stuart: and there was no way out for jen -- >> reporter: no, because health care workers and hospitals can individually mandate it -- stuart: no testing option. >> reporter: no testing option. that's a big difference. stuart: madison, thank you very much, indeed. still ahead, marsha blackburn, steve hilton has peter navarro, remember him from the trump administration? he's not getting vaccinated. i want to know why. what is he prepared to give up because he doesn't want the vax? 10:00 hour of "varney & co." next. ♪ ♪ dad, we got this. we got this. we got this.

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i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com ♪. dagen: one of our producers must really like frank sinatra though none of them can remember him. they play him so much. lauren: i grew up in a household that revered frank sinatra. dagen: sure you did. lauren: my grandfather had a room dedicated to him. dagen: i have a place in hoboken where he grew up. lauren: not the exact place. dagen: i don't live in his former house. >> that was great news here.

this hour will be interesting. dagen: sure is. good morning, everyone. quiet on the set. let's get straight to the money. the dow is down 130 points but the nasdaq is scraping up a small 17 point gain. couple of losers, meta platforms, twitter are down. alphabet, amazon, microsoft turned up but not by much. let me this the stock of the day. nvidia a terrific earnings report this morning. they're up 11%, company of that size a 11% gain is monumental. 1.59% that is important, be just below 160. 10:00 eastern on thursday morning that means the mortgage rates. number please. lauren: freddie mac, 3.1%. up a bit last week. why? strong spending on the home. everything that goes in the home. dagen: i sense a rise in

mortgage rates, not much but a rise gradually. halcyon days -- lauren: much lower and that you paid for your first home. dagen: that's true. thank you, lauren. now this. the president's vaccine mandate is frankly falling apart. there is significant resistance to getting the jab and real confusion about which vax to use and when to use it. i'm all in favor of being vaccinated but i'm against forcing people, threatening their job or ability to travel or eat out. that is draconian and it is silly. you have to show proof of vaccination to attend the outdoor times square ball drop on new year's eve? as the president would say, come on man. the courts may do mr. biden a favor, if they strike down the mandates on private companies, osha isn't going to enfores it. lucky joe, can you imagine the labor shortage if the staff revolt against the mandatory jab? awful. you wake up to headlines like

this. vermont has the highest vaccination rate in the company so why are cases surging? michigan becomes top hot spot again. classes going remote in detroit schools. booster shot confusion as california goes against cdc, fda recommendations. talk about confusion, where is the clear message of the white house, apart you will do this or suffer? i'm vaccinated. i encourage everyone to get the jab. but one thing i learned in my near half century in america is this, don't push people around, especially if you don't appear to know what you're doing. second hour of "varney" just getting started. ♪. dagen: president biden calling for the federal trade commission to look into oil and gas companies whether they're engaging in criminal conduct as prices surge. have you heard this before? yes i have.

for the last 40 years. brian brenberg who will be with me for the next hour is with me right now. i literally have been hearing that 40 years. always blame the oil companies on rising prices. what do you make of it. >> every regime that deals with inflation finds a way to blame businesses for it. they don't look at their own policies. this administration won't look at the fact they canceled pipelines, prevented drilling, no, that can't possibly be the reason. because energy companies are evil. dagen: the base hates big oil. >> i don't think the shrinking amount of that base buys it, stuart. you can see, really going to blame oil companies when what you have done to them repeatedly over months tell them to stop drilling you can't do this? anybody who is not idealogically committed gets that i want to look at this tweet, from a "new york times" contributor, i believe, sarah jeong. inflation pan nick is quote driven by rich people, flipping

that i recall expletive of assets. which assets the rich own are devalued? >> exactly. the rich said i can deal with inflation. stocks are going up. house prices are going up. art is going up. it is the poor and middle class saying i can't afford groceries. this hits lower class, not the rich. she is living in into the reputation after "new york times" reporter completely out of touch with the rest of the world. dagen: hate the rich. blame the rich. >> blame the rich. dagen: brian, got it. you're with me for the hour. you glutton for punishment. >> you told me that. dagen: look with us, bob doll, mark cat watcher. i read your stuff. you think the fed will not actually raise rates until december of 2022, a year from now? that's -- >> my guess. i don't think that is the right decision, stuart. dagen: right, right? they want to sit on their hands as long as they can, incredibly

dovish. this whole thing brain around, the potential dove and current fed chair is not. he is as dovish as we have ever seen. they have flooded the system with money. if i told you inflation was running above 6% headline, four 1/2 at core, and asked you what the fed funds rate was you would not say zero, stuart. it is incredible. dagen: if, sorry, if inflation continues above say 4%, or 5%, just pick an arbitrary number, if it continues above four or 5%, what is the fed going to do? will they keep on funding president biden's spending plan? keep pumping the money. if they do that, inflation gets worse. >> rather it is transitory. dagen: they don't believe that now, surely?

>> inflation will fall during to 2022. that core number will remain stubborn, if it falls next year, people will say see i told you don't worry about inflation. stuart: do you think we're lining ourselves up for a crunch at some point early in the new year, not way down at the end of the new year. crunch time coming? >> we could get there. if the bond market and stock valuations come to grips with inflation is not 1.8 any longer, you would think we would have some problems in the markets but that is not where the markets are going. earnings are great. there is so much money on the sideline. there are no alternatives. so stocks just keep creeping higher. stuart: it is amazing. >> sure is. stuart: never seen anything like it before. bob doll, thanks for being with us this morning. see you again soon.

all right. come on in,. lauren: ford motor company. it was up more than this? lauren: always happens to me. s&p ford out look to positive. ford is spending $30 billion on electrification through 2025. stuart: show me bed bath bodyworks. lauren: both surging today, spun off from l brands. reporting earnings as a stand-alone companies. not the best numbers for bed bath bodyworks. victoria secret did better than expected. stuart: foot traffic is up. people going to the malls. that is good news. fiz he, will it ever really break out? pfizer gone to 51. lauren: that is high for pfizer,

right? the government bought 10 billion courses of the covid bill. it will start at end. year around it is free. >> not seen anyone do a jig about pfizer's stock price. stuart: i'm over here dancing. >> 51 on pfizer. lauren: moderna never does. stuart: why? i don't get it. >> i don't know stuart, you are the guy at that does the jig. you tell me. stuart: i don't know the answer to the question. disney let me put them on the screen. we're down to 154. that is not good. lauren: the story starting january 13th, if you want a family cruise, bring the kids, any child over the age of five must be vaccinated. stuart: well -- lauren: go ahead. brian. >> i think there are a lot of parents not going on that cruise anytime soon. >> i'm sure of it. lauren: here is my thing, disney crewses are so popular. you want to take the family.

say i was on the fence about vaccinating my kid, i will do it. enjoy the trip. do they have to wear mask or socially distance on the cruise or really bag to normal because they were fully vaccinated. stuart: very good question. i'm with you, brian. i could see a lot of parents. >> pro vaccine parents. not doing it for my kids. not my five-year-old. stuart: not going to fly. thank you very much indeed,. lauren. brian, how do you feel about vax mandates for kids under five? that was on the prompter before we got there. >> i completely ruined that. i completely ruined it. lauren: i stole his question and went straight to you. >> but lauren, actually lauren make as good point. we were thinking about a disney trip this year. the big question, when we're walking around outside do we have to wear masks? i'm not doing disney that way. a lot of parents takes the fun out of it. the stock's down because parents say i'm pro vax, for myself, adults. talking about my 7-year-old, am

i putting him through that for a cruise? lauren: it will change a lot of vacations for families. if the cruise changes and have a trip booked for the summer, will you lose all that money by not vaccinating your child? stuart: i can't see the conversation between parents and child for the vax. that does not work. you can't have a conversation. >> disney is suppose toed be a place looking around laughing, smiling, breathing hot air through this mask? there are better ways to spend your time. lauren: this has been almost two years. stuart: i think we exhausted the vax mandate question. lauren: clearly passionate about this. stuart: i think we all agree on it. lauren: six, 12? stuart: now this. cut you off right there, failed presidential candidate beto o'rourke throwing his hat in the ring again, this time for governorship of texas. roll it. >> for friends and supporters who did so much magic back in

2018. we produced the largest voter turn out in texas in 50 years. my ut, rgv family here, we're counting on with you unmore time. stuart: he might do well in austin but the rest of the state is dead to him. we'll tell you how much his campaign raised so far. president biden blaming oil companies for the higher gas price but it is his green policies making it worse. that is my opinion at least. texas congressman jodey arrington will take it on right after this. ♪. ♪ ♪ ♪ ♪ ♪ ♪

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stuart: the dow jones average is down 224 points. got to tell you sales force cisco, goldman sachs are down, they account for 100 of the dow's 200 point loss. got that. president biden shifting the blame to energy companies for the high gas prices. edward lawrence joins us. his short-term fix is look to price gouging by gas companies? give me a break. go. reporter: latest action is by the white house is strongly worded letter to the ftc about rising gas prices. they are investigating if there is any price gouging in the system. it is unclear whether the letter will have a effect own gas. today, gas is $3.41 a gallon. a year ago it was 2.12. it is 61% more for gas.

the difference between now and last year the economy is reopening but the administration policies to discourage investment in fossil fuels. >> what we say there, it is midland over moscow. odessa over opec. what the president is saying he wants foreign production. he has and all-out assault through every policy you see. so the american public is not buying any of this rhetoric. it is complete nonsense. reporter: one of the president's first actions was to cancel the keystone pipeline that would carry oil from canada into the u.s. prime minister justin trudeau as mexico's president will be the canadians are not happy. this is why. it would add estimate 2.4 billion to the country's gdp, 30 billion in tax revenue. the bottom line the white house is now acknowledging the gas issue. listen. >> first of all it's real and it's rough. groceries, the cost of groceries have gone up. the cost of gas has gone up.

this is all happening in the context of two years of a pandemic. that is one of the highest priorities actually for the president and for me. reporter: but so far no immediate action. the ftc investigation will take time. opec has said no to increasing the supply. back to you. stuart: edward lawrence at the white house. thank you, edward. i want to hear from texas about. you tell me the oil companies are responsible for high gas prices. i want to know what texas thinks. ideally we have jodey arrington with us. a republican from the state of texas. he joins me now. what do you make of this. the president blames the oil companies. go for it. >> stu, i have never seen such political cowardice in my career. this is an abuse of power, for the president of the united states to call for an investigation and weaponize the fourth branch of government to go after an industry that has given us low energy prices for consumers, it is one of the

reasons why we're the economic envy of the world, and of course energy independence. it is one thing for him to have a philosophical disagreement with fossil fuels but this, this is beyond the pale for a leader of the greatest country in the world. obviously he needs a lesson on economics 101. when you tax something or regulate something, or both, you get less of it. you get less of it, it is going to cost more. this inflation years sis across the board and especially with prices at the pump are self-inflicted. he has to own this and any leader worth their salt would but i suspect he won't and listen, the ftc, by the way, is responsible for unfair deceptive practices. they ought to investigate the president for the false claims and the deception to accuse this industry of something that he created. stuart: congressman, i think we hammered this one to death already but i'm going to move on.

the speaker suggests there will be, they are going to debate this massive social spending plan. they will debate it today. it is possible that they will get a yes vote on it. but then it goes to the senate where i think it will be just torn to pieces. you see that all happening, a yes vote probable, then just loses everything in the senate? >> well, i will tell you with the new analysis around the s.a.l.t. cap increase, which is going to give millionaires and about 85% of the benefit will go to millionaires in high-taxed states in new york. there is a whole new debate now, jared golden of the democrat party in the house saying this is the second largest spending program in the democrat tax-and-spend bill? so the biggest welfare program is now for millionaires. doesn't fit the narrative of closing the income inequality gap. so i'm not sure they're going to have that easy of time getting

it out of the house even though there is presumed agreement between moderates and the progressives. but then you got manchin in the senate. i think at a minimum a lot of this is going to be stripped out but the house members, democrats and moderate competitive districts will all be accountable for signing this monstrosity as it leaves the house if it does. stuart: congressman, i will just add this, fox is being told that big social spending bill vote is more likely to be tomorrow. >> yes. stuart: depends more on timing of cbo numbers. want to get that in. congressman, thank you for being with us. >> thank you, stu. stuart: beto o'rourke has announced that he is running for the governor to be governor of texas. how much has he raised? lauren: two million dollars. stuart: first 24 hours. lauren: first 24 hours. had a failed senate and peacedential bid. he can bring in the bucks.

governor abbott, 55 million for his re-election campaign. the last time a republican was in the office was 1995. he has to convince voters abbott is too conservative. if you look at red meat issues, border security, energy security, those are kitchen table issues, local issues in texas. stuart: how about guns. >> second amendment. lauren: what he said in the presidential nomination race. stuart: i don't think governor abbott has much to worry about beto o'rourke except in the city of austin. >> democratic governors will worry about. he will suck all the cash out of other competitive races, minnesota, wisconsin, michigan, pennsylvania, nevada. all the races need the cash. he will get it. beta is the sinkhole for cash in texas. these other races will do without it. lauren: he raised 80 million when he ran for president for the democratic nomination. stuart: they thought they could turn texas purple or bluish. lauren: with the new york

hollywood money. stuart: there you go. not going to happen. look at this picture. i will show you a picture of moscow university. that is the university where saule omarova was taught. she wrote her thesis there on marxism. this is the person the president picked to be the comptroller of the currency. we'll have a lot more to say about that shortly. msnbc's joy reid says there are parallels between kyle rittenhouse and brett kavanaugh, roll tape. >> rittenhouse trial, it remind ad lot of people something, the brett kavanaugh hearings n america there is a theme about white vigil lantism and white tears. stuart: not sure of the connection if there is one. charles hurt will be on the show to help us deal with that. we will be back.

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♪. stuart: the markets are still showing a lot of red out there. the dow is down 240, nasdaq is down 54, the s&p is down 13. it's a down day pretty much across the board on the stock markets. cvs, they announced they are closing 900 stores in the next three years. they want to reduce store density and focus on digital sales. more people apparently are shopping online. the stock is up. msnbc's joy reid made a tiktok video showing what he says are parallels between kyle rittenhouse and beat -- brett kavanaugh. roll the tape. >> the rittenhouse trial, it reminded a lot of people of something. oh, the brett kavanaugh hearings. his tears turned out to be more powerful than the tears of christine ford and in america there is a thing about white

vigilantism and white tears. stuart: i think i need someone to explain this. i think i found the right guy, charles hurt. i'm not sure he can make that objection flickable or not. the power of white tears, charles, go at it, please. >> it is just full-blown racial bigotry is what it is. that is what it comes down to. what is so interesting about it, not the fact that she is hung up on the race of these two people but the fact that they're capable of tears. of course a powerful, important part of this kind of racial bigotry to dehuman eyes the people that you're trying the people you're trying to set aside, the idea of people you're trying to dehumanize would produce tears that is almost human-like. she seems absolutely astonished like this. people like joy reid and her ilk, they're losing power and influence. i think they're frightened by the fact they're losing

relevancy and influence and this is what they're reduced to. and their trueselves are coming out. and as disturbing as it is, as alarming as it is, and as toxic it is for our republic, it is good to know the truth and it is good to see these people reveal themselves. stuart: let's get it it out there to see what we're dealing with it, pass judgment ourselves. good stuff. i have a something else for you, charles. new "quinnepiac poll," shows president biden's approval rating dropped to 36%. that is a real low, charles. it is rhett pewable polling organization. quinnepiac is no slouch. that is a big bad blow to president biden. >> i think that probably spells doom for the rest of any hope the democrats are going to get anything serious done over the next year. although entirely possible they can blow through a lot more money. the only thing more dangerous

than a dead man walking in politics is a desperate dead man walking in politics because they're willing to do anything. but this is, this is the cautionary tale i think for republicans. i think a lot of republicans are sitting back in congress, sitting back, saying look, just don't do anything wrong. we've got this. we're going to win. the american people don't care whether republicans win or not. they want these problems fixed. so while i think the tendency among republicans in power in washington right now is to sit back to say, let's do nothing and coast to victory, the real thing for them to do is to come up with a winning message and sell it to people and get people enthusiastic about that so that when they do take power, they can actually get things done and they can start fixing the vast a ray of problems that have been created both by democrats and joe biden in the decades leading up to this them. stuart: that is great point,

charles. see you again real soon. turn to brian brenberg for the hour. 36% approval. >> 34% on the economy. there is our issue right there. that you cannot escape the economy because everybody sees it right in front of them. you don't have to believe anybody's argument. you just feel it but voters also doubt the president on his leadership and his honesty. you talk about fundamental issues, the majority say he is not a good leader and they don't think he is honest. if you're underwater on those issues, forget about all the policy issues for a second, that's bread and butter and people say i can't have you in that office. i can't vote for you in that office. stuart: can rebound? how does rebound? >> it would take such a repudiation of everything he has done. a change in rhetoric, a change in policy. how do you come back from that, stuart? he would be sacrificing his own interests, chances in his own party in order to pull his party back on the right track. i just don't think the moderates have the power in that party for

him to do that. we'll talk about his nominees to key posts. he is not picking moderates, stuart. he is not going the other direction right now. stuart: he is stuck with the left. that is where he is going. that is who he with. he can't back out. brian, thank you very much. the senate as of right now is questioning president biden's pick for comptroller of the currency saule omarova anything developing on that. lauren: these are some radical picks. the senators are going to use her own words against her how she plans to reinvent the financial system. her defense is academia, free thinking you can do at university, different than regulation but there is bait and switch. president biden campaigned as a mooed rat but not appointing people who are moderate. she said the fed should be in charge of your bank accounts. the question should we be asked, will you make it easier for the irs to snoop on our bank accounts and get access? she said she would bankrupt companies that don't disagree

with her policies. stuart: she is the lady in the moscow class. there is circle around her way back when. lauren: her thesis, karl marx economic analysis and revolution of in capitals. we have a history of her writings and her words. she will spin it. that is just because i was in college. one more small point, in 1995. she was in late 20s, she was arrested for stealing $200 worth of goods for a tj maxx in wisconsin. the white house is defending her. she was transparent about that the issue is settled. this is the person charged with regulating 1200 banks. stuart: she is in charge of regulating the banks, that is the role of the comptroller of currency? >> 1200 financial institutions. stuart: she wants the federal reserve organize all bank accounts, organize all bank accounts. >> nationalize banking at federal reserve. create an oversight board of academics to make sure the federal reserve is doing a good

job. stuart: oversight board of academics? >> yes. she, her vision of banking has an enormous role for well-paid academics to oversee the regulations. so why is, why is the senate committee paying attention to what she wrote as an academic? that's why. stuart: we got this on the prompter here? show me that picture. that is what we're doing. i've seen enough of omarova. thank you very much indeed. there you go. the one lady circled back there. lauren: she could put the federal reserve in charge of allocating credit. your credit score doesn't match what we think about things, well then we're not going to lend to you. so the senators, got, will drill down really hard about her exact position. stuart: >> she explicitly written about this. this is not an ethereal thing. she has written proposals at academic level. this is not about her academic background or the fact she was in moscow.

the thing she an has written last five years. it is not only the other stuff. stuart: she gets in, there for at least three years. >> think about what she can do for the financial institutions, how hard life she can make for them. lauren: this is what some senators want like elizabeth warren. stuart: another house democrat announcing retirement. i want to know who it is how many democrats that makes are leaving. last count i got 14 democrats are retiring. is this one more. lauren: congressman butterfield. he represented north carolina since 2002. there is new congressional map. one safe seat within reach of gop. 15 democrats won't seek re-election in 22 versus 10 republicans. stuart: many of them know they would lose in 202. lauren: do republicans flip at least five seats needed to regain control? stuart: i have no answer to that question but i'm hoping. thank you so much, lauren.

who could forget this video, afghans clinging to the side of military planes during the botched withdrawal from kabul. state department officials are speaking up about the chaotic exit. we'll tell you what they are saying now. drug overdoses hit a new record in america. 100,000 deaths in a 12 month span. the big problem, fentanyl pouring into our country from across our southern border. we'll be back. ♪. 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

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♪. stuart: new report state department officials suffered a complete mental break down from the failed afghan exit. what else did they have to say? lauren: it was so disorganized getting americans out that the state department officials told this experience broke a lot of people including me. we were powerless to do anything. you're supposed to be the government's 911, knowing the call for help didn't go very far

beyond you was extremely demoralizing. they're feeling psychological scars from feeling unable, incapable of doing anything, poor policy, lack of guidance. stuart: poor policy. that is what did it. the president set a date certain. you will be out on that date, august 31st. that's it. that precipitated this chaotic withdrawal. those state department officials are blaming the president indirectly and his policy. lauren: i would say that is the correct take. stuart: thank you. all right, fentanyl seizures at the border up 42% last month. drug overdose deaths in america hit a record 100,000 in the last 12 months. senator marsha blackburn, republican from tennessee joins me now. senator, you're not a border state but do you feel the effects of this open border? >> oh, absolutely, stuart. right now until they secure that southern border every state is a border state. every town is a border town.

and you mentioned the drugs that are pouring in. you look at the 100,000, 100,000 deaths this year, the most ever in our nation's history and most of this is attributed to the fenn at -- fentanyl, heroin, the meth coming across the southern border. the marijuana laced with fentanyl. the way this is killing so many young people. it is a disaster. this is a travesty, every life lost is a family that has been affected adversely by the policies of this administration and that open border. stuart: why don't they do anything about it, senator? this is an obvious problem and they do nothing. >> you know, that is what is really so amazing. in the hearing we had with secretary mayorkas this week was so dissatisfying, oh, the border is under control, better than it has ever been and what you look

at is, this is their border policy. wide open cartels in charge of everybody and everything that comes across that southern border. 1.7 million apprehensions. you only have about 350,000 of those that have received notices to appear or removal. so where are these people? when you hear from local authorities and the border patrol that they think that the got-aways may be anywhere from half million to a million 1/2, these are astounding numbers. and the cartels are brazen. they're running the border south of the u.s. border. stuart: that is true. >> everybody pays to come over that border. they're so brazen, they have now set up distribution centers in u.s. cities for their sex trafficking, human trafficking, their labor crews, gangs, drug

traffickers, drug runners. it is quite an elaborate system that they have developed. stuart: i really got to get this in because this is important. osha has suspended the enforcement of biden's vaccine mandate for large businesses. let me tell you where i'm coming from. i favor vaccination for everybody. do it. go for it. >> yeah. stuart: but absolutely no vaccine mandates. don't use force. americans don't like it. what say you? >> i say that i am for a vaccine. i've had it. i am anti-mandate. and i think that is important for individuals who are candidates for the vaccine to talk to their physician. if it works for them, great. if they have medical concerns, reasonable doubt, if they have religious doubts and questions, then they should apply for an exemption, and that exemption should be honored. it should be their choice.

as to how they want to live with covid. stuart: senator marsha blackburn, thank you very much for being here. >> you too. stuart: we agree, just about on the same page for everything. >> yes. stuart: then there is this, a city in california of all places declaring itself a sanctuary from federal covid rules. can they do that? we'll find out because the mayor of orville, california, that is the town, will explain it all next hour. the l.a. auto show is back after years and the vibe is electric quite literally. we'll look at after this. ♪.

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stuart: right now we're going to take you to the los angeles auto show. mike cordell is there. he joins me now. i understand this was all about electric vehicles, mike. so that is how far we've come these days. show me what you got. >> stuart, it is truly electrified on the floor in los angeles. it is great to be back at an auto show. i never covered this many

electric autos despite the chip shortage, and there are a new wave of vehicles. fiskar ocean debuted this week. 350 miles of range. you're getting a lot with this vehicle. with the tax incentive it will fall around $30,000 a lot of vehicles going electric as well, subaru, first time a global unveil with electrified subaru. call it the soltera. 225 miles of range. subaru tells you about they're adventure and off-road, so it will be all-wheel drive. screen inside the vehicle. great price starting next year, north of $30,000. this is name you viability heard before. this car company fin fast, they are building a manufacturing facility here in the u.s. next year. they debut two different vehicles. they are the largest automaker in vietnam. two vehicles, e-35, e3 6,

beautiful sport-utility vehicles. took the silks off. they are not giving range or pricing but giving you a 10-year warranty with the vehicle. we talked about toyota the past year with the before. zx, this is the production version. coming to market in 2023 see it next year. this vehicle is amazing with 250 miles of electric range. crossover utility vehicle, all-wheel drive. tons of technology on the inside. toyota stepping up the luxury guam with this vehicles well. i have got two more for you, stuart, you know what, amazon, thinking about the holidays coming. everyone sees trucks rolling through their neighborhoods. ford has an answer. this is the etransit. all electric. 128 miles plugging into the front grill. ford says we have a way to help mitigate some things impacting the environment. you will get pro power plus on the inside. of course, my friend, i have to close with a truck. i know how much you love trucks. toyota showing off the all new tundra, they will offer this in

a hybrid. you get hybrid technology with all the new toyota tundra. great new on on the ranch. towing capacity with 12,000-pounds. a lot happening in l.a. it is all about electrification, stuart. it is cool stuff. stuart: sure is. we've come a long way. mike, great stuff i enjoyed looking at all the new evs. mike, thanks a lot. with the holiday season fast approaching triple. a is revealing the cheapest day to fly. when is it? lauren: monday before thanks giving. monday coming. that is also the deadline day for tsa agents to be fully vaccinated. stuart: oh. lauren: airports will be busy. stuart: how many of them vaccinated? lauren: 60%. stuart: only 60%. lauren: yeah. they might push the deadline a little bit. when you have 4.2 million people, essentially same as prepandemic, expected to fly around thanksgiving that could be a nightmare especially with bad weather. still trying to get crews back

online. stuart: not easy to push back the deadline. you stated it very clearly. you have to do it by then. you push it back. you're in trouble. are you flying on thanksgiving? >> i'm not. how many hours ahead of time would you have to get to the airport with 60% tsa staff? like five hours ahead of time? stuart: that is just not going to work. lauren: tsa says they have this covered. we shall see. i don't know how they could possibly. stuart: even if you had 5% of tsa staff not show up because they're not fully vaccinated. stuart: even 5%. you have a huge problem. lauren: there are exemptions will be granted for religious and medical reasons. you're right, still the number is huge. the number that are not vaccinated that reported so. >> i hope tsa is very religious. i hope they have a very religious population. so they can come to work to get through the line. lauren: i think we're scaring a lot of people traveling next week. stuart: i'm driving. you're driving. >> i'm driving. lauren: i'm hosting. i make the worse turkey by the

way. >> i can't make it after all, lauren. i'm sorry, i can't make it after all. lauren: i get no company. stuart: thank you very much for being on the show. great stuff. appreciate it. here is just what is ahead for you. steve hilton, florida congressman byron donald donaldsability. peter navarro. not looking for democrats in next year's election. there is a storm of bad news for them. president biden's handlers should not keep this from him. that is "my take" next. ♪. ..

>> reporter: if i was running the fed right now there would be no money printing, interest rates would be one% or 2%. if inflation does get out of control, there goes profits, there goes the consumer, certainly potentially heading that way. >> inflation is likely to fall some during the course of 2022. if it falls next year people will say i told you don't worry about inflation and that is a false insurance. >> president biden will not admit he did something wrong and they are determined to pour more gasoline on the fire.

the very people who created the disaster are making it worse. >> we are heading for hard times, dismantling this country, getting soft, the government, the biggest competitor, government needs to get out of the way and let us work. ♪♪ stuart: 11:00 eastern time thursday november 18th and i see a lot of red ink on the markets especially the dow industrials. 3 stocks, dow stocks, goldman, cisco and one other i can't find at this point. they are responsible for 100 points, loss of the dow. without those stocks, you're not down that badly. there is some red ink out there that is not dramatic. the yield on a 10 year treasury is down to one.58%. big tech is okay with that yield.

it is down 58,$000 per coin just at 58,$000. ethereum is lower today. now this. somebody should tell the president how bad the outlook is for democrats in next year's election. his handlers should not keep this from him. there is a storm of bad news. you heard about the low approval ratings, 14 house democrats retiring, they figure they are going to lose and maybe you heard about redistricting which gives republicans an advantage but you probably haven't heard about this and this is key. in the eight hotly contested states the latest abc news poll shows dramatic preference for republican candidates. 58 to 35 respondents say they are more likely to vote for republican house candidates and democrats. that is a huge, 23 point gap in

eight key states. the new york times headline puts it, democrats shouldn't panic, they should go into shock. maybe they should. the president shows no sign of listening at no sign of changing course. he can't. he is locked into the far left policies that helps create all these problems. it is a year to the elections. that's a long time in politics but the democrats only have hope that somehow everything will be turned around. the policies are all wrong. i can't remember any president's first year that is gone as badly as biden's and i've never seen the president less likely are able to change course. at the time says, democrats shouldn't panic, they should go into shock. third hour of varney continues. stuart: steve hilton joins me this wednesday morning.

i'm coming on strong saying he cannot pivot. he cannot change course because he is so locked into the left. am i going too far? a politician is faced with imminent defeat, maybe you do change course. what do you think? >> exactly right. what we have seen over the last few months, 10 months since he has been there is he's not the moderate unifying pragmatic centrist person in the oval office we were promised. he laid out, the prisoner of the power groups that control modern democratic party, farmers, the woke left and the government unions. if you look at what is going on look at the reason for this collapse in his support and democrats support more generally. it started with the afghan disaster, the afghan crisis he created. that destroyed any reputation he had for decency, compassion and competence but the real

drivers now, the other self-created crises from him first and above all the economic crisis, inflation, supply chain crisis, labor shortage, all of those policies are doubling down on. they are not saying we worried about inflation, we are going to put the brakes on the spending but go full steam ahead with spending to put more money into the economy and into the system to make inflation worse. they are not reversing course on the border crisis, it is full steam ahead on open borders. they are ideological zealots to people who control the democratic party, not pragmatists and won't change course even if it spells not just disaster in the real world but political disaster for them. stuart: it is a religion, they are zealots. i was born and raised with those people. i know what it is about. in california it is predicted, budget surplus at $38 billion

next year. why doesn't california, it is like that. >> the same ideological zealotry. they have this desire to punish the people who are most successful. look at the anatomy of this. where is that coming from? the lectures and sanctimonious in this for democrats about working people punish the rich and the rich have to pay their fair share. in california 50% of the tax revenue comes from the top one% of earners. the quote in tax revenue was the structure of the tax base in california which relies when it comes to rich people on the stock market and capital gains, the stock market has done well, that is why you have this enormous inflow of revenue but they need the money because of the corruption, the systemic

corruption at the heart of the california democrats which they the union, the government unions, they say it is spent on schools, that means it is spent on pensions and luxury healthcare for the teachers unions are the biggest donors, prison unions, prison and penitentiary unions, massive donors to the democrats too. government unions have a stranglehold on the democratic party. they need this tax money to pay them off. that's where the money really goes. stuart: am i right in saying california has the highest poverty rate in the nation and the largest gap, income inequality, the largest gap of any state in the nation, am i right? >> exactly right and exactly to go further in that direction, whatever issue you look at where you have democrats constantly lecturing about how they are helping the poor and working-class people and for black people and latinos and people of color and social

justice and racial justice, everything will measure, educational achievement, poverty, opportunity, wealth creation, home ownership, it is worse because of their policies. their policies particularly hurt the people they claim to speak for. stuart: one of these days you will move but it won't be in the immediate future. great stuff. we will be watching you on the next revolution sunday night at 9:00 pm eastern only on fox news. see you soon. check those markets again please. i'm seeing some red ink, 160 on the dow largely because of goldman sachs and cisco taking a chunk out of the dow industrials. bill baroque joined me now. you think despite inflation, despite possible action by the fed fairly soon, despite all that, you think the market keeps going higher. make your case please. >> i would like to see a little pull back from buying opportunity that is strong year end push, you see big tech, the

meta-verse, that is pushing that sector but what we are seeing is early signs of a syncopal slowdown, energy and materials this week. i am paying close attention to that, early signs in middle may so the third wave of covid started you had covid cases in germany and across europe, the highest levels in france, starting to uptick so you have to keep a pulse on that and bonds make a today rally, yields are going to go lower, the tailwinds, it could be with covid a head wind for the cycle of the markets but what ultimately does is pave the way if we do so off a better opportunity and tech will lead higher in june.

stuart: it is the same argument all over again. there is a wall of money from the federal reserve and spending by congress in savings, a wall of money will protect stock prices and keep them going higher. that the basic arguments, isn't it? >> you are right. if they keep printing money will be a tailwind and you see the balance sheet expand over the last month since september they added $100 billion. i caught a pbs news hour in the evening after a show my kids were watching came on, larry summers was on, he said congress is pushing through a bill that will not stoke inflation at all. the federal reserve needs the tight policy and start tapering faster in order to raid inflation. you will see inflation publicized and it is not a coincidence they are

considering moving away from powell, brainerd is more dovish by the way but they need someone to blame for this inflation and i would not be surprised to see powell get pushed aside in 2022. stuart: thanks very much, see you later. we have some movers, i will start with nvidia, the stock of the day. >> graphic shift company, record sales, and they are huge in the meta-verse. the stock at 317 is more than doubled this year. the selling price is 599 and they are going for 1000. stuart: the biggest chipmaker in the world, cody is down today. >> the good news is priced into

the stock which is 25% this month. the beauty retailers forecasting growth beyond 2025, strong outlook that stock is down. stuart: amazon is moving today. >> it is up to present, starbucks is down. they are teaming up and between lexington and park there is this new store, starbucks, with the amazon go logo on the outside and your your drink on your phone, there are humans in the store just to make you drink but you pay with your phone so it is expanding amazon go technology with starbucks, such a loyal customer base they went for both companies and a bad sign for workers who are getting paid more and are being replaced by technology. stuart: that the major gain for amazon up to and a 12:45%, that's a big deal right there. covid cases hit a record high in germany. could they follow australia, or austria and lockdown the unvaccinated?

we will get into that. florida leading the charge against vaccine mandates. state lawmakers approved the bill to limit vaccine mandates with governor desantis says he will sign it. congress will begin debate on the social spending bill. moderates have vowed not to vote on the bill without more information on his cost from the cbo. we have a report on that next. ♪♪ we can work it out ♪♪ we can work it out ♪♪ ♪♪ we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones

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stuart: for house will begin their debate on the build back better plan. can we get a vote before the weekend. ashley: i was just listening to nancy pelosi in her weekly press conference and she said she could see the first procedural votes, the issue is moderate democrats waiting for the cbo score, how to pay for it, the actual costs, all of the information she hopes will be available by the end of this day. we could have a procedural vote later today could get into the evening but she seems confident that will happen was the issue is how to pay, it is all about the rich and corporations paying their fair share. universal 3 k for all children

in the united states is $381 billion, one of the items on the build back better bill and she says all of that could be covered with the taxes collected from those who are not paying their fair share but with thanksgiving around the corner they are trying to get this on track but so far the moderate democrats are hanging in there saying prove to me this is paid for. stuart: i wish they would tell me what a fair share really is but they never do. look who is here now. congressman byron donalds, republican from florida. in my opinion i don't think build back better is going to fly. it may get through the house but in the senate i think they will tear it to pieces. >> i agree with you. in the senate will look nothing like what the house is doing and let's be clear, what nancy pelosi and the radical democrats are trying to push through is the most massive

expansion of the social welfare system in our country. it will lead to higher prices, childcare costs are going to go through the roof as a result of what they want to do and when she talked about wanting to have the rich pay their fair share what they won't tell you is this is the largest tax cut for the wealthy in blue states in american history. stuart: that is the salt, raising the salt, $285 billion given away to rich democrat sponsors but that's where the money is going. talk about the vaccine mandates. osha has suspended all enforcement to biden's vaccine mandates to large businesses. republicans are beginning to win the mandate fight not just in florida but nationally. >> totally agree. the mandate is unconstitutional. i was in a session with the solicitor general when osha was saying they would do a. pending

what happens in courts. the reality is it is unconstitutional, president biden doesn't have legal authority to do that, he knows that, i know that, you know that, america knows that but he wants to play catch me if you can, have to hold on. stuart: do you republicans feel you are on a roll? all kinds of criticism of the president and the democrats coming from inside the party almost inside the administration. are you overconfident? the elections are a year away and you're feeling very strong right now. are you overconfident do you think? >> i feel very good, overconfident is not this. one thing that has happened to our country is the failure of radical democrat policies is a reality in america. everybody sees it. that is why they are reeling. republican still have work to do. we must push forward positive agenda items that will allow our economies to drive and people to thrive and prosper in the united states. >> in the next year.

>> the bureaucratic red tape, and ridiculous mandates president biden pushed through, secure the southern border. i got too many but that is the reality. our tax code needs to be simple and businesses can thrive and prosper and when that happens america thrives and prospers. stuart: come back soon and give us a full list what you are going to do. we i think you are all right and i will see you again soon. moderna resubmit's its application to the fda to authorize boosters for all adults. the revised application comes as the fda is expected to authorize pfizer as early as this week. bill gates is making a prediction about covid deaths. what is he saying? >> reporter: he believes the number of covid cases and those dying from the virus will drop pretty dramatically as more people get vaccinated and new

treatments become available. the billionaire says death and infections could reach seasonal flu levels by the middle of next year unless there is a new variant that pops up. gates points to reasons including more people developing natural immunity, more vaccine distribution and new antiviral pills that will become available. more than 5 million people have died from covid. the world health organization estimates 290 to 650,000 people die from the flu each year. stuart: germany report 65,000 new covid cases in the last 24 hours. what is angela merkel saying about it? >> she is sounding the alarm. angela merkel says a fourth wave of the virus hitting germany with dramatic stretching hospitals to their limit and forcing lawmakers to consider a new raft of restrictions.

germany has one of the lowest vaccination rates in western europe, 67% of the population fully vaccinated. german mps have voted in favor of a new set of measures including restricting access to public transport for only people who have been vaccinated or tested. across the border in austria where lockdown continues for 2 million unvaccinated people, lawmakers are considering nighttime curfews and in the netherlands, a partial lockdown imposed. it is remarkable in spreading quickly. >> germany has a low vaccination. stuart: is a handful of countries lower than that but one of the lowest. germany with their efficiency would be much higher than that. 67%. stuart: i would like to know what opposition austrian authorities go into house to house checking papers if you

are not vaccinated. i would love to see if there is any protest about that. ashley: i am sure. haven't seen anything yet but we know the italians and french held huge protests when the government tried to enforce covid passports. interesting to see what pushback they get in austria. stuart: i am going to change the subject dramatically. do you ever wonder what your dog is thinking? role tape. >> did that god just say that? >> my name is doug. i just met you and i love you. stuart: we are going to tell you about a new invention that lets your dog call you whenever they once. we will explain it. do you really want that? one city got so fed up with rules and regulations in california, they declared themselves a sanctuary against covid mandates. we have a store you for you

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stuart: one of my favorite beatles songs, the life, the energy in this. imagine being 16 years old a hearing that for the first time. you are dancing up a storm. so lively and positive and the harmony is perfect. saint pete's beach florida, 73 degrees. how appropriate the first subject you discuss. take it away. >> he does love you, selling cotton and lace, 10% more on the bottom line. a standalone company, victoria's secret has spun out of l brands and no more victoria's secret angels in those primetime monterey shows. instead you get naomi, osaka and megan ruffino as ambassadors. stuart: don't using it was a

brilliant segue from she loves you. >> you want me to complement you? fantastic, amazing stuart varney. stuart: stock is going up. 20%. >> very impressive. >> looking at a 3-year high for the stock despite the fact you have the ceo voicing concerns he's not going to get enough workers for all his stores this holiday season but you know business is booming, the digital marketplace, that is what the market is trading off of as well. a one foot traffic is up, you have big crowds and not all the staff you need. you are looking at a problem. >> looking at sales and forecasts, business is doing so much better this year than many. stuart: it is a department store. who knew department stores would come back. we got to talk about nvidia. >> favorite stock of the day will get to $1 trillion soon.

stuart: 794 at the moment. >> nvidia had a fantastic quarter in the summertime, everything is booming when it comes to gaming which they make their bread and butter off of, and data centers, cloud, artificial intelligence. central processing units. >> it is automotive and self driving. and down 60%. >> you and i were talking and did a 4 for one stock split and that is a good sign. that is a good sign. got the stock up to $200 a share as i recall. $200 a share and look at it now. 320. >> this is only the beginning,

they are going to be one of the main suppliers of the meta-verse. a lot of people getting into it. microsoft, the meta-verse, virtually everybody has a virtual augmented reality future plans and growth. stuart: that is the experience you could live in as opposed to look at on your phone. the meta-verse. >> there was an interesting article this morning about south korea already living in the meta-verse and there are companies that offer real estate in the virtual world and they are doing very well. a company called sandbox up 8000% this year. stuart: to a fake piece of real estate, occupy that real estate. and i pay for it. >> you have real real estate.

your thoughts of paying for acreage in a virtual world. stuart: maybe my grandchildren will. this is aimed at you and i. >> aimed as you and i. maybe not you. stuart: we are going to change the subject and talk about a dog getting a phone call from your dog. you got to explain this one. ashley: you can't have any more treats. i told you once. my cocker spaniel gracie. researchers in scotland and finland who have nothing better to do experimenting with dog phones. not the kind humans use. it is a tennis ball with a tech device inside. when the dog moves the ball it triggers another gadget that allows the pet to see and hear its owner during the 13 day experiment the lab named that called his own or 5 times a day.

it is unclear whether this is intentional or not. you could get but dials from your dog. they are trying to figure it out but it is hilarious. but when you're the technology lady and don't have a dog. >> how did they push the buttons? you squeeze the ball and make the direct call to any number? ashley: it automatically triggers the machine to call the owner. they see the owners face and hear the owners voice. stuart: we've gone overboard on this subject and i am going to move on. going to capitol hill of all places. chad program is there. the house has begun the debate on the social spending bill. >> just came from a press conference, and having a vote,

and they will wrap up debate on this bill. not everybody is asking about the formal price tag from the congressional budget office. and and looking for certain tables and should be getting other information from the cbo later this afternoon, should satisfy those blue dog democrats, some information on free pre-k, $281 billion what cbo estimates, less than what the white house fought, close to $290 billion so democrats put these numbers and in the process them, knowing how long it takes in the house of representatives. there are some mechanics they have to go through and this is more of a tomorrow project.

saturday in passing she said did i say anything about saturday? you may remember we were here late friday night when they moved the infrastructure bill. the social spending bill from the infrastructure plan and passed it late friday night two weeks ago. we tend to think this is a late afternoon or friday evening or even overnight project, it depends how quickly you get those numbers from the cbo and make sure democrats are on board, and the press conference, that may be they could get those numbers later today late this afternoon or vote tonight. and recalibrate the overall schedule. the senate has to get this to a line with its special budget rules. this is called the bird bath where they go through processes and put it on the floor sometime in december.

ashley: i think i got that. any day now we get a vote. here's a story that is developing. there is growing concern of a missing tennis star who has not been seen publicly since she made allegations of sexual assault against the member of the chinese communist party. we got the story for you. the average price for a gallon of regular gas is $3.41. if you want to skip the gas, take a look at the new electric car at the la auto show. that is next. ♪♪ (judith) in this market, you'll find fisher investments is

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stuart: that was the president screeching the tires while to striving electric a, he took it for a spin while visiting the general motors factory in detroit. in los angeles the auto shows back for the first time in two years was kelly oh grady is there for us. electric vehicles are running the show. tell me about it. >> reporter: the crowd, the energy, the cars, everything is electric. traditional and new carmakers showcasing their latest tv offerings. sales spiked 88% versus last year but only making 3% of the cars on the road. i chatted with nissan and will show the new area. this is an all electric suv, 40,$000 price tag, delivery start, followed 2022. i will show you some of the features. a 300 mile range is more, but

this week design, it is helpful for me, a mobile office, i put my computer here. i'm in the field all the time sending reports back to you. this is helpful. the other thing that is unique about this is the tech technology. i can ask nissan what is ahead on the road, traffic, i can get news headlines and stay up-to-date on foxbusiness, fox news, what is happening with you, and i talked to the executives yesterday and they are talking about the supply chain crisis. >> no question. the industry is going through a lot of change, coming out of covid and the supply chain shortage. we are getting better every day. building more, being able to deliver what consumers are looking for. >> reporter: adoption is slow. 51% of consumers site price as a concern and i heard this term, rage anxiety. all president biden's touting of evs that solution may be in

the future or miles away. stuart: i accept it, thank you. i% of the market and the dow 30. there's a lot of selling. most of the dow 30 in the red, 6 are going up, the rest are down. the dow is down 89 after being down 200 earlier. virtually nothing came out of biden's 3-hour meeting with china's president xi jinping. peter navarro calls it the seinfeld summit. mister of aro is on the show next. ♪♪ make thinkorswim even better, we listen. like jack. he wanted a streamlined version

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stuart: a chinese tennis star is at the center of sexual assault allegations that may affect the winter olympics, he won the doubles final at the french open and wimbledon. she had an affair with senior chinese political figure. in a public statement she alleged she had been assaulted. since then she is not been

heard from. the tennis world express concern for her safety. this week, a statement purportedly said there's nothing wrong, she's just resting. that is not satisfied the head of the women's tennis association. they are concerneds to her safety and whereabouts. joining me now is peter navarro. welcome back to the show. i will talk about china in a moment. first, forgive me but i do to talk about vaccination. i know you are not vaccinated. i want to know why and i'm going to ask what are you prepared to give up because you are not vaccinated. are you going to give up your job, flying and traveling? where do you stand on this? >> as i document in my book on february 9th, 2020, i was the guy who wrote the memo for the

president that said if we act now, we could have a vaccine by october or november. we hit that mark, one of the great achievements but in the memo i also documented the vaccine was unlikely to be a silver bullet, we would need widespread use of therapeutics and the virus, this was all in the memo would rapidly mutate over time and we would be in a war of attrition. my position on the vaccine is simple. people should have the choice. the vaccine should only be used for people who need it, which are senior citizens with risk of death, people with comorbidities and it should not be used for children for example or otherwise healthy people. that is the role of therapeutics. a battle royal in the white house, like hydroxychloroquine

and other supplements which i believe would be more effective and i believe if we use therapeutics instead of being fought by the faucis of this world, over 300,000 americans would be alive today. that my position was i'm a therapeutics kind of guy, the first line of sickness. i have had the virus. i have 20 times the power of antibodies people have as they get the vaccine. a discussion about what good science is. there are a lot of people out of work now because of this vaccine mandate, donald trump never would have imposed, pilots, truck drivers, food processors, longshoremen. if i had known this was going to be used as a weapon i have thought twice about getting the vaccine february 9th, 2020. i'm not anti-vaccine but this is a personal choice and science tells me it is the right choice.

aaron rodgers didn't take the vaccine. he was off a week, got back in won the game. healthy people don't need the vaccine and it is dangerous to give it to them. stuart: let's go to china. president biden and xi jinping held a virtual summit is why are you calling it the seinfeld summit? >> because nothing happens. it worked to china's advantage because it maintain the status quo. there was no discussion about the wuhan lab and getting to the truth of where the virus came from. there was no line drawn in the sand by biden on taiwan. you remember january 15th, 2020. you covered that will. there is exuberance about the fact that it was a skinny trade deal and china was going to buy $200 billion of product in the united states. there are $70 billion short. that has huge implications for industries and businesses and

it is another example of how the chinese never abide by any of their agreements and they make people disappear who disagree with them. stuart: 30 or 40 seconds left. should we boycott deal and picks? >> no question about it. stuart: you want to bring politics into sport like that? what would that do for us. >> 2 million people in concentration camps, the healthiest ones used for organ donations. china flying hypersonic vehicles around the world, with nuclear armed missiles threatening us. they continue to attack our economy with 7 deadly sins. the athletes trained hard to for that but when is enough enough with communist china? they have gained position by attacking us with the virus and even if you don't think they spot the virus they did allow

it to seed and spread by locking down their own country but letting people, 20,000 chinese nationals today leave the grounds and spread the virus. i'm a china hockey. everyone needs to be a china hockey, we can disagree about that but with communist china i view them as an x essential threat and not as a competitor like president biden says and the pentagon, china is more dangerous than climate change to this country. stuart: great to see you, don't be a stranger come back soon, good luck to you. you know what time it is, 11:55. that means the trivia question. yesterday we asked you what is the coldest temperature ever recorded. day the question is what is the hottest temperature ever recorded on earth. here's your selection on the screen right now. the real answer when we come back. we got this.

we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones . .

stuart: i shall repeat the question, what was the hottest temperature ever recorded on earth. ashley, if you're there, you want to take a guess? ashley: i am. listen i lived in yuma hottest i was living there22. i go with 134. i can't imagine 148 or 155. number two. stuart: you sir, are correct. ashley: yes. stuart: hottest temperature 134 degrees fahrenheit. furnace creek, death valley,

california. 1913. ever been there, ash. ashley: i have indeed. it was a balmy 95 when i was there. stuart: a bit like yuma. thanks, ash. remind the viewers don't forget to send in the "friday feedback." email us at varneyviewers@fox.com. we get a lot of entries. add more to the list please. neil, it is yours. neil: stuart, thank you very, very much. keeping an eye on the corner of wall and broad with the dow down 86 points. a lot of things going on today with including with cryptocurrencies including a partnership that might -- after the whole cryptocurrency argument they're here to stay, whether you like the volatile investment or not. we're going to be speaking to the entainment group leader dan beckerman on that, because this particular partnership could be paving the way for others that are now, sort of solidifying the