>> i got to shot myself, i got covid twice myself so yes. for joker, that's his nickname, right? is one of the top tennis players in the world, absolutely insane. i can't believe these restrictions still exist. we saw this with hiring irving playing for brooklyn. the last thing i'll say, kudos for saying on the ground. >> thank you so much, great to see you both. varney & co. begins right now. >> good morning, everyone. what's that song? we are having a heat wave? we are going to get into the 90s in new york today but remember it's mid summer and supposed to be in the mid 90s whether you like it or not. in focus, biden is a scrambling to explain and correct what he said during his green energy

speech he does not have cancer. he did have skin cancer but he got from the sun, not exposure to oil because he said. during his speech, he stopped short of imposing green pauses democrats watch. he's not declared a climate emergency. the polls not kind to the president is all. could be an all-time low approval rating of 31%? he has only 19% support among his hispanics. this is a lame-duck presidency, 18 months into his first term. let's get to the markets. is this rather for real? it was going to be a modest pullback of the open but futures have turned around and now they are all in the green. got up five. nasdaq up about 55 points. interest rate still suggesting recession. yield on the two-year treasury, well above ten year. 324. the two-year, 304 on the ten

year. price of oil, recession talk keeping oil below $100 a barrel, 9652 as we speak. gas down another couple cents overnight, 444 national average. a month ago it hit the record of $5.1. on the corporate front, tesla's earnings report was their sale of the big coin holdings. revenue up, profitable, stocks up by 3% but big coin, despite tesla's sale, is holding up above $22000, down 800 but still 22800 is your price. outrage at mayorkas, home and security chief, he told a meeting the border is secure. his elite audience laughter the word invasion. always interesting to see which democrats left off the concerns of ordinary people. thursday july 21, 2022, varney & co. is about to begin.

♪♪ stuart: that's the statue of liberty, gorgeous. 95 degrees right there later on today but let's get at this. president biden gave a speech in massachusetts yesterday about climate change. a number of guests including saying he has cancer. >> i'm glad we are starting with this and i'm starting with an idol, this is what he said yesterday in fact why i and so many other people i grew up with have cancer and why for the longest time delaware has the highest cancer rate in the nation. but he says have cancer like he has it right now. he does not. the white house tried to pull

back and said he had treatment in cancer treatment last year. as somebody who had cancer myself, i use past tense because i do not have anywhere, it's offensive for him to milk the cancer card especially skin cancer in the respect to environmental. gas like this are not appropriately like this, every word that came out of his mouth matters and he should use it properly. stuart: another mistake about england and scotland said some kind of conference, climate conference -- >> that one i don't remember but he's made so many, it's hard to keep track of them all. it's not right. stuart: maybe that's why his approval rating hit a new low, 31%. that's -- sean duffy is with me this morning. i can see how bad the pool is, 2024 but how bad is the polling number for the democrats in the midterms this november? >> good question, joe biden is

not on the ballot but democrats are and you can't take your frustration out on the president himself and americans are frustrated with him, they take out on his party so you will see democrats get obliterated in november and the poll numbers are right because most americans say what are you doing to make my life better? what are you doing to fix inflation and gas prices? the answer is we are not really doing anything. you want to ask us with the crisis in america is, it's a climate crisis. it's not inflation, it's not a gas prices or border crisis or crime, its environmental crisis, i can't afford to buy heating oil for the summer, prices are skyrocketing, pre-pay propane, it's gone up three or $4000 for your winter contract so joe biden is out of touch and the democrat party is going to hold

the bag election day for joe biden is going to be bad. stuart: looking at the of the polls, ill it doesn't seem as much support for trump or joe biden in 2024. i presume we are going to see new blood on both sides of the aisle, what do you think? >> primaries on both sides, joe steps away which at them in your show and said don't think joe biden will step aside, i think he's going to run again but in looking at the policies, i think joe biden is changing course which means the economy is not going to get better, people are not going to be about it and to me that means joe biden isn't going to run again so i think he was the primary on the left and you might see ron desantis come out and run again with donald trump or nikki hailey, a lot of people come out on the republican side. i think trump is hard not to be because he's really good at demonizing people i remember

what he said about marco rubio and ted cruz, i still remember those things and they are pretty effective so i wouldn't count him out but if you have new blood on the democratic party, you bring trump back, it could be a problem for republicans should have a good year in 2024 but they may not it's a candidate people are frustrated with. stuart: you love politics basically. thanks for joining us. see you again soon. white house says president biden has been very busy this week despite no public funds for three days. what's on the calendar coming up? >> he's busy flying about the fact he has cancer of the moment. what he's doing right now . stuart: lying -- >> the way he said it in private is different than the truth. basically, he's taking a long week and headed to delaware today. miranda devine who comes on our network and wrote laptop from

hell got a no-fly zone information, he's leaving from this afternoon and staying until monday afternoon, on nice weekend for him and the lady and a lot of people are saying with 9.1 inflation rate and people suffering, the president, bad optics to go on vacation, riding your bike, whatever. stuart: but he needs the rest. i'm being facetious. we got to get to the money side. [laughter] futures, down 50 on the dow put up 40 on the nasdaq. adam johnson is back with us this thursday morning. on the markets looking past the upcoming federal rate hikes beyond rate hikes. >> i think that's the message of the bond market. bond market saint investors like you, jackie and me go buy stocks. i don't mean to be flippant in the way i'm saying it but let me explain. if we are all talking about fed fund futures and will the fed

hike rates by 50 or 75 or even 100 this week? fair points because we are worried about inflation, if you go to 2023 futures predict lower rates. bond market is telling us if you go out a year, rates are going to be lower, lower rates are good for stocks. i think that's why stocks have been rallying. stuart: can you say the market overall has hit? >> actions speak louder than words. you and hike have been talking about this for weeks if not a couple of months and yesterday i took the last of my cash and put it to work in the market so actions speak louder than words, i'm one 100% invested now. stuart: fascinated. with hit the bottom. adam johnson, you are all right. tessa reported earnings yesterday, it doesn't look like they are so hot on for quite anymore. >> a billion and a half dollars

only in a long-term investment they sold a lot, three quarters of that according to the filings and earnings yesterday. ceo elon musk involved in this twitter stuff, to open up liquidity so he could do the twitter deal but he's looking at the market and sees things. we've seen the loss over the past weeks and months, not a dumb guy, i don't think he's dumb. stuart: one of these days we will put a three hour show on the air is not mentioned elon musk what's. >> i can try. stuart: 20 minutes to go to the market, a mixed picture. down dow, and coming up, mitch mcconnell says trump will face a lot of competition if he runs in 24. >> i think we will have a crowded field for president. i assume most will be later and people will pick the candidates

in the primary field. stuart: trump declares 2024 before the midterms this year? is not a gift to the democrats? we have a coming for you. mayorkas laughs when asked about our border being secure. what's so funny? andy biggs is next. ♪♪

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that's beautiful. that's seattle, only 63 degrees

at the moment, early in the morning, that's a beautiful picture of seattle. we open the market in 15 minutes, we'll be down the dow, s&p with them about a.nasdaq ab 50. a mixed bag. eagle pass, texas, fox news spoke on camera with illegal migrants crossing into our country. matt flynn is there. what are they telling you? >> not far from where we are at the border right now, we have an update, you may recall last month in san antonio the tractor trailer discovered with d3 dying or dead migrants inside, they likely died agonizing death in extreme heat, two people have been arrested, 46-year-old -- junior a 28-year-old martinez are charged with transporting migrants illegally resulting in death. they face life in prison if convicted last month, the hot

airless truck was discovered packed with 67 people, 53 who died when the two suspects abandoned the truck with a broken refrigerator system. it's the deadliest tragedy of migrants smuggled across the border. democratic congressman henry cuellar told a report 11 of his 53 migrants inside had serious criminal records in the u.s. indicating they had men in our country before dead migrants from mexico, honduras, guatemala and el salvador and here in texas we talked to a migrant from guatemala across the u.s., 33-year-old model told us he had a difficult journey by foot. he took a bus at times or whatever means he could, he's looking to settle in dallas texas to create a better life for his family and told us he was robbed by police multiple times along the way, forced to pay police to continue his trek to the u.s. >> every checkpoint they take you off the bus and telave

to pay 20, 30, $40. they think you have money even after you tell them no money. they keep going to your pockets. they shouldn't but corruption in mexico is real thing. >> as you can see, the son is in out yet but the temperatures the past couple of days here have been hitting above 100 degrees. we've seen firsthand migrants look like they are about to pass out from heat stroke. we seen border patrol agents and exhausting temperatures so extreme heat played a role in the deaths in the truck and ongoing heat is still happening at the border. stuart: thank you very much indeed. i want everyone to listen to secretary mayorkas in charge of the border respond. here's how he responded when asked if the border is safe. >> is the border safe now? watching a news channel talking about invasion of happening and

i'm concerned. [laughter] >> look, the border is secure, the border, we are working to make the border more secure, it's been a historic challenge. stuart: did you have the last of that? they were laughing up a storm. andy biggs joins us, the audience laughed, mayorkas laughs, why is it the elites laugh at the concerns of ordinary everyday people? >> they don't touch her, they don't see it. mayorkas should see it but the elites don't see it, they don't feel it, they don't consider literally hundreds of thousands of people coming across every month the number of criminals, terrorists on the terrace watch list, the fentanyl coming in and killing people in america, they think they are aloof and

untouchable from it and as long as they think that, it's a big joke to them but it's probably one of the most serious security threat in the u.s. today. stuart: if you take as proposed take control of the house and senate this november, could mayorkas be impeached by republican congress? >> of already introduced articles to impeach, i would reintroduce and i think you would be impeached in the house. i think what he's been his high crimes and misdemeanors, he's ordering his eyes and cbp to not enforce the law. think about it, to not enforce the law and in other ways he's helping them deliberately ordering them to deliberately avoid the law. stuart: i want to bring up a different subject here, he voted against adding sweden and finland to nato, why are you against that? >> multiple reasons. first of all, do you really think article five of nato is more binding than the u.s.

constitution? the further we get involved in nato which by the way is a u.s. led alliance, the more responsibility we are going to have. second when you look at it, as we expend more resources in nato, how are we going to do with china? how do we do with deterrence in china when we are stretched then? we don't. contrary to colleagues think, we do not have unlimited amount of resources even militarily so these are important issues. the third thing is, the u.s. is basically funding nato and it looks to me as this is a european centrist alliance the u.s. lead and designed post-world war ii throughout the cold war, we've left behind, maybe europe should be in charge of the phone alliance with the u.s. providing outside leadership and set of being so entrenched. stuart: is unlike in america first argument. >> i guess that's what i would

say, how cindy want to stretch us? somalia, troops in syria. how far can the usb stretched when we can't control our border and can't get baby formula in the u.s. stuart: andy biggs, thanks for joining us. check the futures, please. heading further south, doused down 130, nasdaq 30 points. opening bell is next. ♪♪

about google this morning at 114 dollars a share. mark has something to say about google. good morning, mark. google is going to freeze hiring for two weeks. it does not have any impact on the stock at all? is a tell you anything about big tech? >> i think it does. we've had a series of big tech companies that have slowed or frozen hiring the insiders, like

when they buy or sell stock, it's usually about their business or their stock price, when they do hiring freezes or dramatically accelerate hiring, it tells you about what they think is happening with demand trends how well positioned the company is for that. we've had a series of these, one reason we took down numbers across the board the last three weeks, i think the margin google which probably has more visibility into the global economy than just about any other company, they are probably more cautious, we should be, to. stuart: but you got 155 on google, right? >> yes, google like every other company will have to whether to challenge an economic times. the advantage google has is probably one of the more recession resistant, not proof but resistant companies out there, performance marketing, if they are search advertising, one of the last things to be cut, we

tracked this during the great financial crisis a dozen years ago. google got cut, it deteriorated but not nearly as much as other platforms. stuart: step reports after the bell this afternoon, that stock i believe is down 65, 67% year to date. can that be turned around? >> i doubt it happens this afternoon. this was the first in a coal mine so if you remember about a month and a half ago only shortly after they printed and announced their march quarter earnings, they announced they would completely miss guidance for this june quarter, the first tell we maybe had problems with advertising companies. we've all been struggling with was this specific or is this a macro call? only will get a better answer tonight and next week when google and meta or facebook reports snap are referred to as beta long so it's not a

defensive name, i like the asset long-term but near-term is excited to get excited about shares. stuart: if you look at the companies you follow, mostly tech or technology companies generally, would you be prepared to say we've hit some kind of bottom in the last three or four months or weeks? >> i put it this way, i think evaluation risk has been taken out. we've seen dramatic correction. estimate risk, that's what i'm still waiting to have taken out but my view, as they started to do this, i think we are within 10% of downside scenarios unless we have a severe recession, i think estimate risk is taken out, a long-term investor, you want to move into these stocks and i will start with amazon and meta. stuart: amazon and meta, if you're a long-term investor, your in it at least a year.

thank you for being with us thursday morning. stay cool, i know you are in new york, it's going to be 95 today thanks to. the opening bell is about to rain. the backdrop is the yield on the two-year about the yield on the ten year, something of a recession indicator. europeans raising interest rates 50 basis points i think it was affecting european stocks not necessarily hours. 9:30 a.m. eastern thursday morning and the dow is opening with a small loss. the dow from the get-go is 100 points i think in only five or six among the dow, 30 in the green. the rest are being sold off. apple a buck 23 at the moment. s&p 500 opening a fraction lower, nasdaq composite opening a fraction higher. now a look at big tech. apple at the top, it's up at 154. amazon slightly higher, meta is

down, not that much price change but big tech, microsoft down $2. i want to start with tesla because i know they dumped the majority of their big coin holdings but susan is with us. what did muscat say about higher prices? >> he's keeping his doge coin for now. [laughter] so here's what elon musk turn into, a question about whether or not he's going to show up, he said he wouldn't be on the call each never quarter so he said prices could possibly come down inflation comes down. he did say he thinks inflation might be moderating and inflation could come down later on this year, most commodities are in a down trend this year or early next year and you see higher profit because he had to raise prices on the tesla models, roughly 20% across the board on the supply chain. they are still guiding and probably surprising, 50%

increase in production this year, 1.4, 1.5 billion, that's going to be tough because the only deliberate 550,000 in the first half of this year, you will expect and better have a huge end of year. this morning if you look at the stock, i counted at least seven price target hikes 1000 bucks plus for the stocks once again and the other electric car makers, the competition, given tesla has set the standard now in terms of how well they did in the spring despite the fact that they had shanghai closures and i would think tesla is outperforming. stuart: but you still have people on wall street calling for $1000 a share. >> first peak was 12 to 1300 or so. there's been an overhang with elon soundings, 14 billion tesla stock, roughly some of that was twitter take over but also you had overhang of 150 dollars on

the stock which to me is around 15, 20% overhang because of this ongoing twitter anomaly. stuart: 773 at the moment. i own blackstone, a giant company, they reported before the bell stocks down 4%. what is the problem? >> you own as much as schwartzman does? apparently not. private equity taking a hit with the worst start since 1970. they had to mark down assets and they reported $30 million loss the spring compared to billing dollars plus profit a year ago. they're going to hand back and shareholders double from last year. stuart: they raised the dividend? >> no, distribute it amount of cash on hand. if you ask for cash back, they can give it to you right away. stuart: thank you very much. how did they do? >> for a wireless carrier, they added 813,000 of these wireless,

that was a surprise. top bottom line, lower free cash flow probably the problem, the guidance. they noted a jump in raising full-year outlook and sales for wireless. stuart: still down 10%, $18 a share. >> the spinoff warner, a separate entity. stuart: my how the mighty has fallen. travel insurance, catastrophic losses. >> catastrophe losses. investment income falling so insurance still is better. stuart: i want to get to airlines. i know how it always and say they are boring and never do anything. united reported the first profitable quarter since the pandemic and they are down 8%. >> wall street is pretty high expectations when it comes to sales and profit but that i would say is probably their fault, they got for a strong

springtime and said sales and profit would do well. just like delta, united warning about high jet fuel cost and what it means for the bottom line because it's 70% of there's expenditure for any airline an economic slowdown could mean slowing passenger numbers. stuart: how about american airlines? >> first profit covid forecasting summer travel as well but is the jet fuel costs, everyone renewed spring for all airlines, really. stuart: i don't know what to make of all of this. >> imagine doesn't fly commercial by the way. do you fly commercial on your trip recently? stuart: no, i have a small propeller plane i took up to cape cod and back. >> that's why the airlines are falling. stuart: they don't fly to cape cod. >> they don't have varney details dollars. stuart: one healthcare provider.

>> primary, all-cash, 3.9 billion here and it's another sign amazon believes in the future of healthcare. they bought the online pharmacy for about $1 million a few years ago, they have this healthcare with warren buffett, jp warren and it didn't go anywhere so if shopped around for some time but it tells you where amazon was to pivot their future and where they expect, where the dollars could be coming from. stuart: looks happened, the dow is down nearly 200 points, is not your fault but you know. >> pick me next time on your propeller plane and we can fly together to cape cod. [laughter] stuart: you fly with me. [laughter] the dow is down 186-point, not your fault but we are down. cisco, walmart, lisa, travelers down, s&p 500, winners. what do they do?

you don't know? got you. thermo fischer, what do they do? >> that's a laboratory supply company, a huge stock. stuart: new cost deal, gambling, whatever. tesla, a row that one. insight, was that? >> i believe also biomedical. stuart: some of the people who run these committees don't call me and say how come you don't know what you doing? >> so many viewers for your opening market. stuart: we do, we do it very well. thank you. only the ten year treasury, 2.98%, that means we dropped below 3%. goals not doing anything, 17, 18 and outs. but going holding out 22000. down a thousand. was at 23. oil down to $96 a barrel. gas 7.75, it goes all over the

place. average price for a gallon of regular gas 4.44. in california, below 6.6 calibrate five .81. a bargain. coming up. on this show today, secretary of transportation, pete buttigieg is astonished people don't want to transition to electric vehicles. roll tape. >> for the pain we are all experience in for the high price of gas the more benefit there is for those who can access electric vehicles. stuart: access electric vehicles? price for an electric vehicle is $54000. next case. could we see gavin newsom challenge kamala harris in 2024? will ask california caitlyn jenner what she makes of that later in the show. ♪♪

senate minority leader mitch mcconnell says former president trump will face a crowded republican field if he runs in 2024. roll the tape. >> if donald trump's one to run for president, you oppose the team, what is your view? >> i think will have a crowded field for president. i assume that will unfold later and people will pick the candidates here in a crowded primary field. stuart: newly mentored american citizen joins me now, nick adams, strong australian accent and might slip into the accent through the interview and you know why. welcome back, good to see you. >> was a pleasure. stuart: if trump declares 2024, the november midterms this year,

isn't he handing the democrats someone to run against? >> i think no matter who it ends up being, the republican candidate to president, this entire relation democrats will run on donald trump because it's the only think they know how to speak about about the only thing they know how to criticize and target so whether he is the man or not the man, democrats will talk about donald trump. stuart: i don't know many republicans or any who really want donald trump to run, especially running before the november elections, what you say? >> my experience is different, i traveled across the country, different city almost every single day in. kennedy: americans and all parts of the country and i've got to tell you, donald trump remained incredible popular, almost every poll still shows him as a runaway favorite if he wants to run to win the nomination. if you want to ask me, my plan

to say america is bring back donald trump. only he can fix what joe biden has broken. stuart: i don't think americans want that kind of behavior in the oval office again. stuart: well, listen, i couldn't disagree with you more. i think it's important is the country, the material things we have here in the united states of america. all of these people who have the war is concerned saw math every time, they need a teaspoon of the cement and they've got to harden up because the left is destroying this country. democrats have a completely different vision for this country. there are far greater things than your own feelings and at the end of the day, if you hate donald trump more than you love your country, you are the problem. stuart: that sums it up nicely. welcome back, nick. interesting view.

>> always a pleasure. stuart: now is got more on 2024, trump and pence, what dueling events, is a tomorrow? >> this is interesting, gubernatorial primary there. pence is endorsing karen taylor rawson, trump endorsing kerry lake so they got different candidates they are endorsing and when he gets behind somebody, it's always the person who wins. that remains to be seen but also rivalry between the two, they once were so close, trump and pence and you brought up and pence said no, i'm not overturning results of the election and you can imagine how trump took that and hold grudges as we know so here we are. stuart: now look at the midterms this november, house republicans later kevin mccarthy turning the parties key issue, with the governor run in november? it's going to be inflation? >> we've got a soundbite from

him and i will let him say in his own words. >> the highest inflation in more than 40 years. gas prices you've never seen like this before. crime in our streets and the border wide open that now has spent all to be the number one killer of americans between 18 to 45. if we take the majority, we will make sure we lower the cost of energy, become energy independent, secure our street to be safe and more important, secure our border at the same time. >> brings up a lot of issues but 9.1 inflation off his list. you and i have been talking about it, this is what people are talking about it, they feel it. stuart: everybody feels it, ourselves included. de blasio bill de blasio, the new mayor of new york, he's ended congressional campaign, he ended this week. there is speculation he was using his run to pay off his debts? back there's money left over from the congressional side, for 50000 and 245,000 from his

gubernatorial exploratory committee and you put those together, roughly 700,000 in cash, the former mayor still owes us new yorkers around 320k for using the new york police department as his protective detail. there is speculation maybe these will be used to fit pay that. i don't know, i'd have to look more into it before i know if that's allowed. single-handedly. stuart: this is new york city. >> i know. unless they put alvin bragg and. stuart: that's true. i'm going to move on. disney's fairy godmother going woke. we'll tell you about the change in their title. thousands of pilots, what are they going to do about that? that story and the report after this. ♪♪ he

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aware. largely because of the pilot shortage. grady trumbull is with us. how are airlines trying to fix the pilot shortage? >> in some cases, they are raising pay for current pilots, dropping college degree future profits and doing everything they can to recruit and train the next crop of pilots. >> with summer travel soaring to near the pandemic levels, delays and cancellations have put the nations pilot shortage front and center. american airlines said it's on track to hit entire but a recent analysis by oliver found the industry short 8000 pilot in north america right now. that is expected to grow in the next decade 30,000. >> one of the things we are focused on is educating people and inspiring them to dream of

becoming a pilot and then helping them mitigate barriers that come with it. >> one of the biggest barriers with american says is the cost. the airline makes loans available for students at its cadet academy. >> you seek quite a lot of folks from the military but with got to bolster up the civilians so that's where the cadet academy comes into play. >> the program compels students, one of americans regional carriers from classroom to commercial cockpits in about three years. no college degree required. >> even though i know i'm 100,000 with that, i know one day it will be one 100% worth it. >> the number of current pilots approaching retirement age of 65 rows, the industry is desperate to generate interest so the next generation and fill their seats

she. american says it could expand cadet academy if it had more people interested in joining it. by the way, pilots leaving the academy starting the first job at a regional airline can make well over $100,000 a year in their first job. stuart: we need to pay them well so we can get more of them working, it's a good idea. we'll get back to you later. thanks check the markets, with an open 25 minutes. the dow is down 50, nasdaq 35, not that much movement. i want to thank jackie for being with me for the first hour. >> become a pilot, you can fly for free. [laughter] stuart: james, brett baier, caitlyn jenner and congresswoman youngkin. 10:00 hour of varney is next. ♪♪

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stuart: good morning, everyone, coming up on 10:00 eastern time. we don't have that much price change for stocks and thus far this thursday morning, the dow is down 80 but look at the level, 31,800 just about, the nasdaq is up 23 again, look at the level, 11,900. 9. the 10 year treasury yield now down to 2. 98%, the price of oil down $97 a barrel and bitcoin is down this morning but just holding, $22,000 a coin. we just have the latest read on mortgage rates, the latest on the 30 year fixed rate loan is 5. 54%, that is up ever so slightly from last week's reading of 550 one, that you 's your 30 year fixed, brian brumberg is with us the entire

hour. do you think the housing market is beginning to cool? >> demand for mortgages is cooling because of these rates but average prices over $400,000 for the average home. that's not cooling to me, that is high rates, high prices, something's got to give but there's no inventory. as rates go up the prices are still high. it is what are we going to do? stuart: i would call the housing bubble a bubble, down it comes. i don't see this housing market rally bursting, do you? >> reporter: there's so much sustained demand, people want out of the cities, they want homes but people who had the homes are saying i'm not selling even with these prices. stuart: now this. inside the white house communications officer they must be near panic.

seems every week there is a new form a statement that has to be cleaned up. this morning they are reeling president biden's suggestion that he has cancer from exposure to oil. he does not have cancer. he did have skin cancer in the past but got it from the sun, not oil. he was bashing oil companies to rally his base but ended up worrying and confusing a lot of people. i have not seen a response to alejandra mayorkas's insistence that the border is secure and it was obviously nonsense but tough to walk that back when 200,000 migrants a month walking, maybe the white house will say nothing leaving mayorkas just dangling out there, all coming out in the polls, 19% of hispanics support the president, the open border didn't work with that demographic, quinnipiac puts the biden overall approval level and a basement level 31%,

npr gives them a higher rating, 36% but neither can be covering for months before the midterms, the president can't get out of his own way and the white house commit occasion steam cannot help him. if they let him speak he makes gaps. if they write him a speech he is inclined to go off prompter and make mistakes and always has to face his own party which is becoming increasingly hostile because biden is leading them to electoral defeat. we are watching the unwinding of a presidency halfway through his first term. second hour of varney just getting started. look who's here. molly hemingway is with us. great to see you this thursday morning, you think president biden is already a lame-duck? i am hesitant to use an extreme expression like that but i am

using it anyway. >> people are trying to make him be responsible for all the democrat party's problems. the problem is his policies are why he is unpopular, not because of who he is as a person. he's having struggles speaking but he has always had those struggles. it is the policies people are rejecting, they don't like what's happening to the country and on the policy issue democrats are in lockstep agreement. at best you have two elected members of the democrat party opposing the biden agenda and usually they are going along with it as well, the two senators. it is those ideas people are rejecting and that's why democrats are going to face electoral defeat, they want to make about biden but it's the whole party. stuart: is that a catastrophic electoral defeat? by that i mean democrats lose 60, 70 seats in the house at a couple seats in the senate and control goes to the republicans? that will be catastrophic, you think it is that bad for the democrats?

>> i think there will be major losses for the democrats in the house, the senate is up for debate how that will go but clearly people are remembering what happened during the trump administration, they like how the economy was going at what was happening for their own wage growth, their jobs, how the country was faring in terms of foreign policy, peace was breaking out all over the world and they look at what is happening now and say there's going to be some checks but against the democrat party. it is going to be very bad insofar as the republican party understands that people are looking for an alternative to what they are getting from democrats. stuart: we made the point this morning that if donald trump declares for 2,024 and make that declaration before the midterms this year, that will be good for the democrats, it would give them a target, you don't think so? >> i think donald trump has been somewhat vindicated by what happened in the last 18 months, the entire

establishment worked to put joe biden in office and baker democrats control the house and senate and the entire country is suffering, a lot of people are wishing they had a type of leadership they had during the trump era and it would excite republican voters and it does upset democrat voters but there are fewer and fewer democrat voters as we experience more of what that democrat rulers, the republican party needs to understand the reason its prospects are so good is because donald trump reshape the party into a working-class multiracial party and that is why they will have electoral success and they should acknowledge that and understand why people are moving to their party and the way they didn't before. stuart: thank you, interesting. brian brumberg agrees with you. so what do you think? if trump declares for the presidency in 2,024 but does it this year before november, good or bad for the democrats? >> molly is right in terms of

how he reshaped the party and he reshaped it in a way where people will check some basic things, how much does it cost me to put gas in my car, what does my paycheck look like, is my kid in a mask or not this fall, they will use those things to decide how they are going to vote and does not look good for democrats because you see blue cities putting kids in masks and gas prices high and paychecks -- stuart: los angeles considering indoor masking. >> san diego doing it to kids, come en. >> you are professor, you know this stuff, thanks, you are staying for the hour. to the markets please, the dow is down one hundred 70, some reading canal, the nasdaq is down, not much change for the nasdaq and s&p but the dow was down one hundred 70, the gentleman on the right-hand side is well known to us, mike murphy and my question is have we found the bottom for the stock market yet? >> good morning, short-term, yes, the market has put in the

bottom, we talked a lot about big tech leading us, look at tesla, look at apple, look at amazon, the stocks of moved 15 to 20% off of recent lows so the near-term bottom -- stuart: will it make any difference next week when we start getting big tech earnings? >> if you look at tesla and a lot of the big companies that have announced earnings so far, they are talking about higher costs, talking about whether that is labor costs or input costs so a lot of that is already priced into this earnings report so if the earnings are coming out, quote, good enough, that will make the stocks continue their rally so i think good enough is good enough for a rally. blue when the earnings, fascinated by these earnings reports that we've seen already and still to come. does the profit level, made by all american corporations, does

it justify a dow jones average at 30 one thousand and nasdaq close to 12,000? >> there is a lot there. i'm going to say yes, not only does it justify but the market is not looking at what happens yesterday or last quarter, it is looking at what will come tomorrow and next quarter and next year. if we are starting to see inflation come under control and the fed is not going to surprise the market and telling the market what they are doing these companies will continue to innovate. look at tesla, apple, microsoft, amazon, these companies will continue to make more and more money for the foreseeable future. i would argue the correction is still an opportunity for people watching at home. stuart: thank you, see you again soon. next, commerce secretary gino ron mondo warning about our

dependence on foreign chipmakers calling at a national security risk and it could create a deep and immediate recession if we are cut off from those manufacturers. this reliance on foreign chipmakers it is a huge problem? >> you know why she is doing this, she's got to push this quarter trillion dollar chip package. that is why. if we lost access to taiwan, that would be a problem but taiwan semiconductor building a plant in the us right now. so is samsung. they are doing it because they don't want to get cut off either. this is more about her making the case for corporate welfare. stuart: a remember a month or twee ago looking for $54 billion in chipmaking, what is it now? >> you got the 52 but chuck schumer said i like the bipartisan support so let's layer on a bunch more national

science fund and commerce department spending, now it is a quarter trillion. why spend 1/4 trillion on profitable companies that already want to build plants in the us? that's not national security and -- stuart: if republicans don't sign onto it they will be accused of ruining the american ship industry. >> jeopardizing national security, politics. stuart: thank you. a new report shows roughly a dozen lobbying firms bought in more than 5 million each in the second quarter alone. intel, hyped lobbying spending by 64%, the company spent $1.4 million to lobby congress over the chips act, the bill would get $52 billion to chipmakers and added that to chuck schumer. fascinating stuff. here's what we have still ahead. homeland security secretary alejandra mayorkas is insisting the southern border is under control. we have video that directly contradicts to those claims and you are looking at it right

now. president biden focused on the climate crisis, edward lawrence will tell us the breakdown, the true cost of biden's green agenda, transportation secretary pete buttigieg can't believe majority of americans don't want to transition to evs. >> i'm astonished some folks, i felt this in congress yesterday, really struggle to let go of the status quo. >> electric vehicles are extremely expensive, don't you get that? we will discuss it next. ♪♪ she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle,

and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank.

♪♪ don't worry be happy. stuart: you can sing along with that, don't worry, be happy. you are looking at montauk at the far end of long island, new york, only 77 degrees there right now, 20 ° cooler than in new york city. if you like the music make sure to follow us on spotif, or scan the qr code on your screen right now. check the markets please, we are nearly an hour into the trading day and we are down 220 on the dow and down 27 on the nasdaq, some reading this morning, lift going to lay off 60 employees, shut down their car rental unit, focus on expanding coverage and making the booking experience more

seamless for riders which i could get behind that. the president will use exec and orders to push the green energy plan including a lot of extra spending. edward lawrence is with us. how much are we talking about and where is the money going? >> going to a number of places but we are talking tens of billions of dollars and it is still adding up, the president highlighted the fact the administration is spending 2. $3 billion on climate resistant infrastructure projects and another $385 million to help people pay their energy costs. a lot of money for climate change, listen to the president from yesterday. >> president biden: we invested more than $4 billion in federal funding, the 25 hardest to call communities in the country, from west virginia to kentucky to wyoming to new mexico. through the infrastructure law we are investing in clean

hydrogen, nuclear, carbon capture of the largest grid investment in american history. >> in a report from the international energy agency shows that in 2022, $1.4 trillion will be invested globally in clean energy, half of that investment is being eaten up by inflation because everything related to climate costs have gone up, rising energy costs and supply chain disruption. republicans question where the money has gone is what benefit we are seeing right now. senator marsha blackburn said the blind force transition when the economy is not ready makes china stronger. >> now he's looking at turning this economy into an elixir city based economy where we will be doing more business with the communist chinese party, buying more solar

panels, more electric batteries. >> reporter: inflation hits 41 year highs, there is no change in energy policy or restrictions from this white house as of yet. stuart: thanks very much indeed, transportation secretary pete buttigieg is astonished a majority of people don't want to transition to electric vehicles. watch this. >> i'm still astonished that some folks, i felt this in congress yesterday, folks need to struggle to let go of the status quo. stuart: about a statistic, two electric cars take four times the electricity the same household uses on air conditioning. i thought it was one extra car. we can't afford electric vehicles and don't know where the electricity to charge them is going to come from.

i call this the mess. >> absolutely and all the investment we are doing on electricity generation is reliant on mother nature. i drive an electric hybrid suv but by no means fooling myself i'm doing something better for the economy. i'm doing it because it is better for my pocketbook, and instead of going every week i go every 21/2 months. that doesn't mean i'm doing something great for the economy, just the contrary. what we are seeing is a microcosm. 20 years ago, california went forward promoting solar panels which is great but they have no plan to dispose of those solar panels so we are approaching our 25 year lifecycle of solar panels, don't know what to do with them so going to landfills

which allows the heavy pocket metals encapsulated in those cells to see about to the groundwater so we want to push the green agenda but have no plan. problem is we are doing it on a 0-sum basis, directing funds away from fossil fuels which is driving up the cost of energy, driving up inflation, driving up the cost of fertilizer which is having a direct impact on food costs. when we get to this harvest this fall corn crop is at a 5-year low and we directed more demand to ethanol which is consuming more corn so inflation is not going away. inflation the next 6 months is only getting worse because of the 0-sum green agenda we have that is hurting our pocketbooks for everyone at this point. we simply can't afford it. it's great to push energy, electricity but we don't have a

method to keep the lights on with the reliable btu. >> i will leave it at that. not joking, being facetious. thank you very much indeed. we can't afford electric cars. >> the secretary of transportation is astonished that americans can't switch to evs whose wages haven't kept up with prices, what is astonishing is that he's in that position. she's been in that position with the pie chain problems we've had, the things he has said about evs and the green economy saying the pain we are experiencing is the benefit of what is going on right now. stuart: have got to play the party line at the party line is we've got to transition, we must transition to save the planet. >> it's the party line it looks like they are willing to ride that to electoral defeat, they are saying we will do as much as we can now, tank fossil fuels is much as we can,

probably cost us at the ballot box but we are hoping to do it so much that americans simply can't come back from it. stuart: despite fears of a total shutdown, russia's nordstream one has resumed gas flow, natural gas, to your, the pipeline had shut down earlier this month for maintenance but the flow that has been resumed is still only 40% of capacity, got that. still had, remember the massive cambridge analytical scandal, collected data from millions of facebook users without their consent, now meta at ceo mark zuckerberg and outgoing sheryl sandberg will be grilled about it, details on that. federal investigation against hunter biden reached a new critical stage, we have the latest of element from that, we will be back. ♪♪

stuart: quickly to the markets,

the dow is down 300 points, downside move, breaking news for you. president biden just tested positive for covid. edward lawrence standing by with details. we are told he tested positive for covid but has mild symptoms. we are getting ready for edward, getting everything together. he is gesticulating, has his thumbs-up, he is ready. what is the latest? >> reporter: you know the president biden has tested positive, he is taking the drug from pfizer that is helping folks get over this, he will continue his work of the day, not meeting people face to face, he has a negative test going forward on this, the president has a number of

events the past several days, yesterday, shaking hands in massachusetts after the event, those were outside, a lot of events in the last two weeks, the white house feels that might be safer than the president being outside, when the press goes in to meet the president or an area where the president is going to be, required to get tested to make sure a negative test, they have phone calls in place around the president, protocols are looser when they move events outside and we don't know where the president may have contracted covid but he traveled overseas in the last few weeks. neil: the dow did take a trip to the south at the time of the news was announced, not sure there's a connection between the president having covid but we are down 300, fbi

investigation into hunter biden released a critical stage. officials looking at possible charges. >> the keyword possible charges, hunter biden is not charged with a crime as of yet but is under investigation for tax issues and oversees business dealings as we are reporting, this investigation began in 2018 but sidelined by covid. things are coming to a head, a source familiar with the investigation says the grand jury tasked with looking at evidence related to hunter biden wrapped up its latest term in this case in recent weeks, the case may now be in the hands of the government to make the next move, they are looking into whether to charge hunter with various tax filings and foreign lobbying violation and possible false statements.

when president biden became president, the us attorney in delaware, donald trump appointee, sources say president biden did so to avoid any conflicts of interest, grand jury hearing multiple cases in this instance, the delaware based grand jury made up of everyday citizens made their case is about a wide range of things, for example may be a suspect involved in a bank robbery in wilmington up to the hunter biden investigation. attorney general merrick garland had been asked about the hunter biden investigation multiple times, every time he says he's staying clear, letting us attorneys in delaware conduct the investigation but we are told garland and his deputy would likely be briefed on any decision by that us attorney in delaware. important to duck out just because the grand jury term is over, doesn't necessarily mean there will be charges, the grand jury simply says yes or no to charges, a new grand jury with new people will be appointed soon and serve over the next few months.

stuart: james come joins me now. congressman, you've got documents on hunter biden's activities. is he still selling, or accused of selling access? >> we don't know if he still selling access. i don't think anyone would be real anxious to acquire services right now but having said that he has made a career of selling access to the government at the highest level through his last name, not just hunter biden but also jim biden but with respect to hunter we've been saying for months now that he is under serious investigation by republicans on the house oversight committee, we been bringing a lot of this to light, the things the us attorney's office is talking about charging him with our honestly the least of his problems, this is a guy who is involved in many sorts of activities that would be defined as criminal by a lot of prosecutors, he's done this with our adversaries, not just

in russia and china but also the congo, places like the middle east so i think the secret to hunter biden is out now and it is just a matter of time before he's held accountable. stuart: would you give us your response to president biden who has tested positive for covid? >> i hope the president recovers quickly but i'm not surprised. we are all going to have it. it is something we are going to have to live with, hopefully washington can learn from this, there's a significant portion of the federal employees working from home because of covid. stuart: you can still be fired for not getting a vaccine and booster and the president was vaccinated and double boosted i think and still got it. it is astonishing you can be fired for not getting something that doesn't work. >> that plan is obsolete. it is just nonsense that started from doctor fauci who

also has covid so we are going to have to live with this, hopefully when republicans take the majority we can determine the origination of covenant holding accountable that had a part in that. stuart: thanks for joining us, we appreciate it. president biden's approval rating hit an all-time low and he just tested positive for covid. bret baer will take on next.

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we fit your standards, with a lifetime guarantee. bath fitter. it just fits. visit bathfitter.com to book your free consultation. stuart: news of the moment president biden has tested positive for covid, he is taking paxlovid to treat very mild symptoms. a quick question. when the news was announced, i guess 5 or 10 minutes ago, the dow dropped maybe 40, 50, 60 points, do you think the dow dropped because of the -- >> it has come back now, here's

the upside, the president gets it and is okay, everybody says we are in a different phase of covid now, we've got to permanently dispense with the mandated requirements, that the upside, that would be good for the market. stuart: the president is obviously vaccinated and boosted. everything he could possibly do he is done and yet he still got it. >> we've got treatment and if he ends up okay it takes a lot of wind out of the sales of people who say we've got to go back to offer restrictions, they don't work. if it doesn't work for the president it doesn't work for anybody. stuart: why we firing people are not allowing them to go to work or school if they haven't taken a vaccine which doesn't work? >> it is dogma. it is like superstition. we cannot afford to operate on superstition because the price

is too high. the president getting it, he has every protection, still got it and if he is okay there is only one conclusion, with got to live with us. we when i don't want to drone on about this but i gotta be in my bonnet about it, san diego schools are considering imposing indoor mask mandates for kids, los angeles is considering indoor mask mandates. this is -- by the way one more, the world health organization is considering making monkeypox turning into a global emergency. one thing after another. >> we talk to parents from the san diego school district and they are absolutely livid because they have watched the damage this is done to their kids not just psychological, not just relational but educational, kids aren't ready for the next phase because of what these policies have done to them and parents know it and are absolutely apoplectic about

it, they want nothing more than to say goodbye to all the dogma, let's get back in person and do things we should be doing. we when i guarantee when the president comes through this he will not turn around and say forget -- >> you are probably right. i want you to be wrong but you are probably right. stuart: doctor marty makary, trying to get together the news here, i will come right at this, the president has been vaccinated and boosted, isn't it time to drop these mandates on vaccination? >> they don't serve any purpose because they have no impact on transmission and if they create - that's why i've been against mandates but it is amazing it has taken the president this long to get covid because covid is inevitable and every time somebody has spent every time they have a dose of a vaccine or booster, the risk of severe

illness goes down significantly so i'm not concerned about the president's infection resulting in severe illness. stuart: i guess, very mild symptoms but he is vulnerable, made vulnerable by his age, can we sum it up like that? >> age is the leading risk factor but he does not have any known other serious covid comorbidity that creates a high-risk situation, not immunosuppressed, doesn't have a chronic condition and there's a lot of reasons to think he will do very well, no one should be dying of covid right now given the therapeutics, given the state-of-the-art care, the way you can monitor someone early, someone who's not immunosuppressed has virtually a -- excellent prognosis. we when the president is taking paxlovid, take us through that. >> it works too well, block the replication of the virus. it is given off label, it is

not clear to me he should be on it right now off label, this is not the indication by which it has been approved and as a result people can get rebounds, doctor fauci himself took it in the same situation, double boosted and low risk, relatively healthy older individual and got a second case that was worse than the first case. stuart: thank you very much for jumping onto the show real fast, we appreciate it. anything more on this? brian: i appreciate doctor makary, he sticks to the data, always the studies it is clear, don't need to have the mandates because it has shown not to work, let's not rouse people up about this, do what makes sense. stuart: we've got the dow down 260, momentarily down 300 after news of the president's covid

test, now back to-268, more varney after this. lions? nope. (lion rumbles) we do it with our people.

stuart: the news of the moment is president biden has tested positive for covid, he is taking pacslovid for mild

symptoms. the implications of this? >> the president is at a vulnerable age but is twice vaccinated, twice boosted and taking an antiviral pill you take for five days, and said to keep you out of trouble and hospitalization, but the president of the united states is older and going to be watched very closely by the medical staff as we saw when donald trump had covid and was diagnosed and tested positive and went to the hospital but the difference between that time with donald trump and now is light years to where we have been as far as treating covid 19 is also the seriousness in some of the illnesses around these variants, and going to

isolate but the people he traveled with, senators warren, a couple representatives from massachusetts and likely have to isolate as well. stuart: of unfortunate report the president tested positive that the job approval rate, has sunk to a new all-time low of 31%. would you assess the implications and impacts on the november midterms. >> the independents are really low into the low 20s, hispanics in the low 20s, that has big implications for lack of coattails for the president, and see that implication in different races around the country, we just don't know, we are one hundred 10 days from the midterms, a lot can happen

in a short time, the president's approval is one indicator, these individual races will make a difference. stuart: of donald trump were to declare for 2,024, made that declaration in the immediate future, before the november midterms do you think that will be a plus for democrats? >> likely. i talked to a lot of republican leaders who are worried about that, they believe the president making that announcement in september or october makes the former president the focus of some of those close races especially in purple states with independents or moderate republicans holding onto seats or gain seats and they think making it about the former president would not be a good thing. that said, inflation and how people feel at their kitchen table and what they are paying for, gas tanks and food really trumps a lot not to use the word trump but it does, even trumps trump.

stuart: got to talk golf with you. pga tour lobbying congress and the president against the saudi backed live golf league, today two pga players jumped ship, went over to live, this is really something, really shaking up the world of golf big time and next week there is a tournament in bedminister in new jersey which is a trump course the trump will probably attend. >> i'm sure and he has been on his media truth social saying the pga players should go to live, he is advocating for it which is interesting. i told you before as a golfer i don't love to see the game pulled apart like this in this battle but for all the people that thought live was going to just go away and be nothing including the pga commissioner that is wrong because it is

here and with those dollar amounts pga players are making that choice and risking not playing on the pga tour ever again, even eventually you will get the pga tour and there will be a negotiated settlement but for the time being it is this tension. stuart: how are they going to work out the world golf rankings for getting into the majors, huge sticking point. >> and 54 hole zone argument says it's not the same as 72 holes are some of these gaze -- some of these guys play the asian tour events in between the live events to try to get golf forms to make the majors. blue one you are still driving 300 yards? >> it is 285, going down with time. stuart: but not by much. thank you very much indeed, nice to see you. brumberg, what's your reaction? you don't play golf? >> i stink at golf, donald

trump has said this is for real, these players are going to jump and the pga is going to have to merge with this league of they want to get back to where they were, this is a real thing and it will change the face of golf. stuart: change that already and next week there' s this tournament at bedminster, a trump course and he is promoting it, the live tour, he will be there. >> people want to watch those golfers. stuart: let's have a look at the market please because we are coming up on 10:55, dow is down 240 points, one stage it was down 300 right after the news that president biden tested positive for covid 19. we are down 250, nasdaq down 30, s&p is down 15. not much movement in the market today, some red ink but not much.

the governor of alaska, california congressman yong kim, caitlin jenner, nothing is more infuriating than being looked down on by the elites. when the biden administration laughs at ordinary people and their concerns it is hard to take. it is nervous laughter, we will show a soundbite of some border folks laughing at the situation. that is "my take" and it is next. ♪♪ and buying your starter home. or whatever this is.

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stuart: president biden has tested positive for covid. what more do we know? >> we will have a briefing with the white house press secretary, karine jean-pierre, and doctors who have treated the president and what he is experiencing, we are told he is experiencing mild symptoms that is taking paxlovid, it is approved for emergency use authorization.

his planned trips today in this we can have been canceled, he's not going to philadelphia tonight or delaware tomorrow, the white house, contact tracing, he was going to massachusetts or went to massachusetts yesterday but on the flight with senator at marky, elizabeth warren, two representatives from massachusetts among others, the first lady tested negative for covid in detroit, all these people, you see the president shaking hands in massachusetts will get a phone call and take several days for positive test, if you go back four days the president was on his way back from saudi arabia, in saudi arabia in a number of meetings and close contact not only with the prince of saudi arabia but ministers, video from saturday, the president overseas coming

back to the united states and this morning testing positive for covid, taking all precautions here in the president is going to work, isolated but still work on the daily duties and once he has a negative test he will work in person with other people. stuart: before you leave i believe the president was scheduled to go to pennsylvania today for a speech on guns but i believe that has been canceled. >> reporter: all of his events in the near term are canceled, he was scheduled to go to delaware over the weekend. he will stay here as of right now at the white house. stuart: thank you very much and we will keep you updated on the president's condition throughout the program. on the markets we are back a lot, 300 on the dow and down 192. the price of oil $96 a barrel, the 10 year treasury yield still below the yield on the 2-year, on a 10 year, that is

plunging. not sure why, could be a recession indicator, flight to safety, 293 on the 10 year, 324 on the 2-year. nothing is more infuriating than being looked down on at the elites, when they laugh at ordinary people and their concerns it is hard to take an occasion point, a meeting at the aspen institute on border security. alejandra mayorkas was the guest, msnbc reporter tremain lee asked the questions. >> is the border safe? they were talking about an invasion. you look concerned. >> look, the border, the border is secure. the border, we are working to

make the border more secure. that has been a historic challenge. stuart: that is an insult. it is an insult to those border states which have been overrun, it is an insult to the one hundred thousand young americans who have died from fentanyl on mayorkas's watch and an insult to everyone's intelligence when the man in charge of the border says it is secure, no it is not commit has been out of control since biden and mayorkas took office and now when the word invasion is used the aspen institute giggles, do you hear that? they were laughing. what is it with these people in the administration who laugh? energy secretary granham could hardly contain herself when asked about drilling for more oil, vice president harris laughs at just about everything in the elites laugh at us. i think it is nervous laughter because they know their time is almost up. but i'm just getting started,

third hour of varney starts right now. stuart: steve hilton is with us this morning, mayorkas's laughter at the border crisis, he says it is under control, your response. >> that's one of your best, what you brilliantly did so concisely is connect their manifest policy failures, policy catastrophes when you look at the border with their mindset and their attitude and disgusting, arrogant, patronizing worldview, remember this open border, amazing not just to see mayorkas deny the facts, we can see the video of people coming across the border, clearly does not secure but it wasn't even there policy

to make it secure, biden said he wanted a surge at the border, this is there policy. they want an open border. for them to turn around and say we've given you the open border as promised and we are seeing all the disastrous consequences as predicted in turn around and say it is secure, it is a massive insult to every american. i would add a massive insult to every american like you and i who came to this country because we loved this country and did it the right way, americans are in favor of immigration as long as it is done the right way, as long as it is controlled, the opposite of what we see now. stuart: back to the president's positive covid test, he is double vaccinated and boosted but still got sick. what does that tell you about all these restrictions, the mandates, you must be vaccinated and california schools, san diego and los

angeles talking about masking indoors again was such a contradiction, isn't it? >> of course, not talking about they imposed it, it is for real, this week on monday, it is back, they are still talking about it, the next couple weeks imminent. one of the leading doctors, don't know if you have played the clip coming in los angeles repeating over and again there is no one in our hospital with severe covid, nobody in the hospital with this disease and they are talking, and they are talking about these restrictions, in relation to president biden, vaccinated, mild symptoms, best treatments available. what i hope apart from the fact that he is well of course is that the media don't get hysterical about this, breaking news and extended coverage and all these things, what will that do? if the media makes a huge deal

out of this then it will feed the demand for the restrictions to come back and everyone to be terrified of this pandemic all over again. stuart: terrible thing. i'm sure you saw this but i will show our audience, boris johnson's parting words to parliament. >> i want to use the last few seconds to give some words of advice to my successor whoever he or she may be, stay close to the americans, stick up for the ukrainians, stick up for freedom and democracy everywhere. stuart: i like that about stay close to the americans, will there be a change in the relationship? >> no. the two candidates to become prime minister both extremely clear about us produce relationship, richie stu mack met his wife in stanford and

they have a home in california, not exactly helpful to his cause in terms of his election but very pro america, really keen to get the us uk trade deal, the difference between them is pretty small on policy, she's more gung ho about tax cuts now, he is saying we need to wait a bit, his argument is mainly i can win an election against labor, her argument is mainly i will go back to the strong taxcutting principles, we will see what happens, we want to the result by september but won't change the closeness with the us. stuart: i can't imagine a british prime minister with a house in california but that's another story entirely. we will be watching you. >> he will get rid of it soon when he sees the madness in california. stuart: we are going to watch the next revolution sundays at 9 p.m. at 9:00 pm eastern on fox news. back to the markets, moderating losses pretty much across the

board, the dow is down 160 but the nasdaq turned up 18 points. great to see you, gary. are you confident that we've seen a bottom for the market already? >> absolutely not at this juncture but i will give you this. i think a bunch of things for the cycle, particularly a lot of nasdaq fights but only because they were down 80%, pretty much that looks like enough. there's a lot of testing and retesting to do and i will tell you as somebody who called the bear market pretty well, bottoms are not that easy, not easy to predict, they are a process, got to build on itself so i would be careful and the last couple days ibm, allstate, american airlines, united airlines, at&t, a bunch of

names, bunch of spots that have blown up on earnings, not sure we are out of the woods just yet. stuart: next week we get the big tech earnings and i'm worried that the slightest disappointment would bring down all of them and the market with it, that's your concern too. >> it always is, there's a dutch semiconductor company that came out with terrible guidance so if i start to see that, that may be a sign that things are to the downside meaning we are down 60%, enough is enough and that is when you end bear markets, individual names and sometimes sectors but as a whole, still so much out there to worry about, you named it, earnings are going to be the driving force going forward, some good things going on, rates are coming down, oil prices are tanking, that

doesn't hurt but overall it's too early to just say the bottom is in and you can't look over your shoulder, the market is not that easy. stuart: you got out after november, went to almost all cash, not back in yet. is that an accurate summary? >> i probe the a little bit but i can tell you it is a rental and i have one eye out on the exit. so far up a little bit but it is not that much. stuart: a rental, i like that expression. you are all right, see you again soon. now that's. a club cancel the dave chapelle show hours before he was supposed to perform, the venue is now apologizing to the woke mob for scheduling the comedian in the first place, what's going on with that. we will cover it for you, three more pro golfers of signed up for the new saudi backed golf

league as the pga tour lobbies washington against the live tour take over, the golf world is divided and we are on it, thieves use a van to break into a store in los angeles, crime raging out of control in california, california resident caitlin jenner is with us next. some like a little comfort, to balance out the risk. others want immediate gratification... and long-term gratification,too. they have their own interests, but at the end of the day there's nothing like being... a gold-owner. visit invest.gold to see why gold is everyone's asset.

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stuart: an american born athlete who chose to represent china in the olympics has won a big award.

what did she win? ashley: the best breakthrough athlete award. eileen goo who was born to a chinese mother represented china in the 2022 winter olympics in beijing rather than her native united states, the young athlete won two gold medals for china as a free star skier, the elliptic committee requires athletes must hold passports for the countries they represent but china doesn't allow dual citizenship so technically she would have needed to renounce her us citizenship, she refused to comment on whether or not she did that but she has also refused to comment on the chinese government's human rights record even though she has been highly vocal about social justice issues in the us such as her support for the black lives matter movement, but apparently not when it comes to china. stuart: the pga tour lobbying

congress and president biden against the saudi backed live golf league. madison allworth with the latest. >> reporter: even for those who don't follow golf this is very juicy so we are seeing the pga tour enlisting the help of lawmakers in washington to target live. according to public disclosure filed by the pda they paid $70,000 in q1 and one hundred 20,000 in queue 2 enqueue 2 of 2022 to the law firm which lobbied members of the house, senate and exec of office on issues including, quote, saudi golf league proposal so live golf has controversial funding financed by saudi public investment funds and poaching the biggest names in golf from the pga tour. the latest, swedish born henry svensson, captain of the european ryder cup team, jensen has been excused from his captain duties by the ryder cup your offense is on twitter while i disagree with this

decision, for now it is a decision that i accept. all of this, here's the juicy stuff, comes after it was revealed that the doj is investigating the pga for antitrust violations stemming from the organization's refusal to allow its members who participated in live events to participate in the pga, the next is that this meal, that trump national golf course in bedminster, location that the pga stop holding its events at. stuart: that is a trump course. >> reporter: that is in part why they stopped previous events and live is going there, lots of back-and-forth, the golf community is conflicted about this but extended beyond that. stuart: major league's fight is what is going on. caitlin jenner is with me, welcome back to the show, you are big golfer, do you support the saudi push?

>> i do support live because live is a disruptor, they are going to shake the system up, the pga tour has never been challenged at all and this is called capitalism. or what we have left of capitalism. the saudi pif is extraordinarily well-funded, they have almost $1 trillion in assets. for them this is like pocket change. they can support this program at live golf forever if they wanted to. it will be interesting to see how it turns out not only as an athlete and golfer, they don't want politics involved in golf. but unfortunately it is, not the saudis that i think people are as upset with. it is trump, trump is hosting

two events. anytime he does something there is controversy involved. i think it will take five years and the saudis can fund this to have a workout. stuart: i just asked bret baer if he could drive 300 yards. i remember asking you that. >> i've had a few changes although i still hit the ball, i still hit the ball about 280 yards on a good drive, maybe a little tailwind. my game is pretty good right now. stuart: well done. i will change the subject for a second, done a lot on golf this morning, democrats are predicting the governor of california, gavin newsom will be on the ballot in 2024. you are a republican from california, newsom is your governor, you think that if he ran for the presidency he could win?

>> i sure hope not. he started in san francisco, really the decline of san francisco started under gavin newsom, destroyed that city and it has gone downhill ever since. and he took on california and has destroyed california. the economy, companies are leaving, the list goes on and on and on. i just don't think he can do it. is the only candidate they have right now. kamala harris, please, she's totally destroyed herself, she has no credibility whatsoever, newsom, the reason he could run and could win is he will be extraordinarily well-funded, his part of the pelosi machine, his related to the family. he is working right now to get more of a national public image.

he's out raising money, he can raise money all over the place. is he a credit will candidate? yes he is. unfortunately he's just not a good candidate. stuart: i want your thoughts on president biden testing positive for covid, he is vaccinated, boosted, everything involved, i don't know why we are still demanding people get vaccinated with a vaccination that doesn't work. what are your thoughts on this? >> it shows you that all of this social distancing, maskeding, vaccinations, all that stuff just doesn't work, here you have the most protected man in the country, the president of the united states and he comes down with covid. i hope for a speedy recovery, i hope he does well, he has also got a john his side, that makes it more difficult but right now we have vaccines, we have

medications. i've gotten covid, i didn't even take anything, it was just take it easy for a few days and it went away. stuart: always fun to have you on the show, don't be a stranger, come back soon. >> i will always come back. stuart: thank you very much, see you soon. this one seems really strange to me, a conservative legal group, conservative legal group is launching a woke wagon database. tell me more, what is this about? ashley: america first legal launching a database, public searchable trove of resumes and other personnel information of the employees in the biden administration, what is this about? the conservative group says it is an effort to provide transparency and highlight what they say are woke radical ties of many of those working in the

administration, organizers say there is never the same demand for transparency in democrat administrations as with republican administrations so the database currently includes hundreds of contacts, documents, easily accessible by journalists, think tanks and anyone else looking for information about who is making decisions in government, the website launches this week, interesting, the woke wagon. stuart: thank you for standing in for me for the last few days, i know it is hard work. ashley: a team effort, a long 3 hours. stuart: now this, 20% of the state jobs in alaska are unfilled, open, the department of corrections so desperate that they are offering $10,000 hiring bonuses. mike dunleavy is the governor

of alaska and he will join me. ♪♪

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>> a big shot going to give you what you want. i'm going to make it. stuart: this is an offer you can't refuse if you're a fan of the godfather, the home featured in the movie is on airbnb. it has one month rental, that is how long it lasts, on staten island, in new york city and it costs $50 a night and you are looking at it right there. president biden has tested positive for covid and is taking paxlovid to treat what the white house is calling mild symptoms, the president has canceled his trip to pennsylvania for today, first lady jill biden tested negative and so has vice president kamala harris. on the market no response to this covid news, the dow is down one hundred 70, nasdaq has turned positive, it is up 30 points. show me delta adding free wi-fi

on all domestic flights, don't know when that will happen, they plan to launch free wi-fi on international routes but not until the end of 2,024, long way away, alaska airlines will become the first airline to use electronic bag tags on luggage, so what? ashley: there are small programmable devices, i will tell you why so what, they are designed to replace the paper tags currently in use. alaska says these tags will cut down the amount of time its customers spend on flights at the airport rather than having to print the luggage tag in person they can instead serve the electric bag tag at home while checking in on the mobile apps. when customers arrive at the airport they can use self-service bags without having to print out a fresh tag. in total the airline believes customers could cut the amount of time spent checking luggage at the airport by up to 40%.

that is why it could be a good deal, the program will be first tested at the san jose airport in california. we shall see. stuart: that makes sense. i should never have said so what, i was being facetious, you handled it very well. next case, 20% of all state jobs in alaska are sitting vacant, no takers. the governor of alaska joins me now. 20% state jobs vacant seems like an enormous number to me. is it because people won't get vaccinated? >> not at all. that doesn't play into this. we don't require vaccinations in the state of alaska for our workers. with the pandemic there was a lot of disruption in the workforce, in our supply chain, some people were laid off initially, once the pandemic,

the first phase moved on, people decided in many cases to go into private businesses themselves, working from their computers at home, we saw an increase in a number of private licenses to that affect but it is a reorganization of the system across the country. i talked to the governors and other states having other problems and we have people who retired early, some have two jobs, now they just have one so it is impacting state governments and the private sector as well but not just in alaska. stuart: probably hurting the performance of alaska, isn't it? can you perform basic services? >> we are performing basic services.

whether it is licensing or permitting it is taking longer which is not something we want to do but we have increased negotiations with unions and contracts, we had a bill that has come across the desk that will increase salaries and set up a task force to find out some things we can do to make working for the state more enticing can we are doing woodlot of other businesses are doing and that is looking at how to entice workers to not only stay in the job they are in but look at state government as a career. stuart: alaska is on track for historic number of wildfires, do you attribute that to climate change? >> possibly? certainly this summer in alaska was very sunny, very warm until week and 1/2 ago, now it has been raining.

if the rain keeps coming we may be on track for one of the radius julys on record, alaska has always been a state of extremes, could be 60 below 0 in fairbanks in the winter, 90 above in the summer, certainly wildfires are natural occurrence in alaska. a record season was in 2,004 one 6 million acres burned in alaska, 200015/5 acres burned, we are seeing an increase in fires and the size of fires, so certainly climate change may be a contributing factor. and fire starting earlier in the season too. stuart: would you suggest drilling for less oil in alaska to help the planet? >> no, i suggest we drill for less oil in places overseas because if we do that we will reduce our carbon footprint worldwide be able to do it better in alaska. we are not done with oil for a

long time so let's drill in a place where we will take care of the environment. stuart: see you soon. dave chapelle had his comedy show canceled hours before he was about to begin. take me through this story. ashley: another victim of the woke mob, his comedy show, the first avenue concert venue in minneapolis was canceled just hours before the show last night, the venue had been under pressure after back lash from booking chapelle in the first place due to the jokes the comedian made regarding the transgender community and his netlike special closing which was nominated for an emmy, chapelle has defended his comments and refuses to as he says bend to the outcry, last night's show was moved to another theater in the city where more shows have scheduled for tonight and tomorrow but he is holding firm and says you can't cancel me.

stuart: president biden will speak to the president of china by the end of the month. it comes as a multimillion dollar arms sales to taiwan moves forward, we have the story for you. sweltering temperatures causing problems from coast to coast, the fool fox weather report but look at new york city where it is currently 90 ° and climbing. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different.

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stuart: what is that on? too hot? right there. that's a hot place you are

looking at, san antonio will reach one hundred 4 degrees today will, joining us is robert ray who is in san antonio. is that the hottest city in the country today? >> reporter: no, death valley 123 expected but san antonio scorching as is all of texas, above 100, triple digits for the next 10 days, the bad part is it has been like this for weeks but look behind me, this beautiful river walk in san antonio, home of the alamo, tourists are out and about, we have a cloud cover which is good, people are able to be out, the sun will breakthrough this afternoon and scorch the region. i've got to say all of this is okay for tourists and people staying hydrated but the reality is there is a big time economic impact a wall this. if we look at the drought

monitor, all across the state of texas, from exceptional, extreme, all the droughts, 94%. if we go north to oklahoma nearly 100% in drought. i spent the past several days traversing this area. i was up with farmers on the kansas oklahoma border, ranchers, and saw first and the devastation this is doing to those crops, many of them calling the season a loss. as this continues with this heat and no rain in sight it will get worse and it goes for the lower mississippi valley louisiana a big time drop. over 100 million americans dealing with excessive heat warnings, not good. 60 million of them in this part

of the country. when this is all tallied up at the end of the year i think most people are hoping this is not a repeat of 2011 or worse when that drought blanketed the midwest, southern plains, in texas alone over $7 billion in ad losses just tremendous but looks like we are headed that way. stuart: for more on this story and more download the fox weather apps nordstream fox weather on your favorite connected tv device. i want to talk about the drought, huge problem for farmers. ashley: one of the hottest us summers on record the farmers with scorched-earth and struggling crop from watermelons in texas to arkansas blueberries, grapes in california wine country, crops have been feeling the stress and reports say even corn in

tennessee is measuring 18 inches shorter than usual this season, affecting a wide area. experts say current conditions are bad but there is more concern about the crops, it could threaten the food supply, dangerous situation and to robert rabb second the latest numbers show almost 45% of the us right now is under a drought condition, that includes more than half of the 48 continental states. it is hot and dry. stuart: and it is nationwide. show me the dow 30, we do this every day at this time, give a sense of a market, no clear price trend even though the dow is down 112, you've got half and half of the dow 30 up and down. next, more than 11,000 anti-asian hate crimes are reported in the last two years, 40% of those in california.

that is where congressman yong kim lives and she will join the next. can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? 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. visit indeed.com/hire and get started today.

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yes, you can. i can do better, too. break free from the big three and switch to xfinity mobile. stuart: markets are mostly green, the dow down one hundred 30 the, the nasdaq up 35 in the s&p up 3 points, mixed market this morning, more than 11,000

anti-asian hate crime incidents were reported across the country in the last two years. congressman yong kim joins us, republican from the state of california. 40% of these hate crimes against asians were committed in california. a huge concern, what can you do about it? >> are we on? >> i will repeat the question. anti-asian hate crimes in the united states, 11,007s, 40% in california, this is a terrible thing, what can we do about it? >> it important to educate the community about the rise in hate crimes especially against asian americans as you mentioned, this last weekend in my district i held a community forum and it was a place of

worship, there are also concerns not just in the hate crimes occurring across the streets of america but businesses as well including places of worship. we are back together, invited the fbi agents, law enforcement officers to talk about how individuals in the community and businesses can be educated and make sure they do a better job of reporting accurate reporting, as many crimes as committed, if law enforcement is aware of it we can have accurate data in order to prepare law enforcement to better dispatch their resources to help the community. that is very important. we address this issue in congress, and pass legislation but i always say it is one thing to legislate but one thing we cannot do is legislate hate out of our hearts and minds. we need to be more vigilant, responsible individuals and treat each other with respect. that's where it starts.

stuart: did this start when the virus, covid was associated with wuhan, china and sometimes it was called the china virus, did the anti-asian hate begin at that point? >> hate against asian americans and hate crimes against the asian-american community was long before covid started. it was exacerbated by covid and individuals are responsible leaders at the top calling it names including that. that made it worse. the crimes against asian americans are there. what we are trying to do is to ensure the community in general is together on this, more aware of the situation and better at reporting those crimes so we

have accurate data. stuart: president biden told reporters the military doesn't want house speaker pelosi traveling to taiwan, china warned of forceful measures of pelosi made the trip. should pelosi stay home? >> we need to send a strong message to our allies including taiwan and india in the indo pacific region, traveling out there to see the pacific rim joint military exercises going on to show our strength and our message that should something happen in the taiwan strait we will defend taiwan and it is a strong message that we need to be sending president biden, speaker pelosi, members of congress, we need to be unified when it comes to taiwan, taiwan emphasizing its influence in the world, they want to be the

economic superpower, exercise in their security areas, we need to be there and that is why introduced the legislation to ensure billions of dollars taiwan invested in procuring military weapons, we need to deliver to them, to taiwan, our allies in the indo pacific region. stuart: taiwan has bought billions of dollars of weapons in the united states and we've not yet delivered them? >> we've not delivered them. 3 and a half, four years ago the united states congress signed off on those sales to taiwan when they were purchased and paid for, billions of dollars but we've not delivered it to the which is why i am calling for getting to the bottom of it, we need to deliver those to our allies especially those that have been purchased, we are sending the

wrong message if we don't deliver on our promises, we need to do the so allies can trust us and enemies can fear us but we need to deliver it with the decisive action and leadership from the top. stuart: i would like you to deal with this. there's a lot of speculation the china has something on president biden because of the activities of hunter biden. 30 seconds, any comment on that? >> i don't want to comment on any speculation. i want to say we cannot waiver on our support especially to our ally in taiwan. other allies in the indo pacific region. stuart: thank you for being with us, appreciate it. it is 11:55, that means the thursday trivia question. who was the youngest us president ever? theodore roosevelt, john f. kennedy, bill clinton, ulysses s grant.

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stuart: here you go, who was the youngest u.s. president ever? ashley, i know what my guess is. what's yours? >> i was thinking kennedy. number one or number two. i will go with number one. stuart: i was going with either kennedy or bill clinton. i will go with bill clinton. theodore roosevelt? whoa, i didn't know that.

well-done, ashe. i was 42 years old when he assumed the presidency after william mckinley assassinated in 1901. president kennedy is the youngest person elected president at age of 43. >> there you go. stuart: everybody don't forget to send in your "friday feedback" questions, comments, critiques. we take it all. fan friday, record yourself, tell us your name, where are from, say you're watching "varney & company," you will be on tv ash, happy birthday. sorry i missed it. sorry, sorry. >> thank you very much. >> gentleman on the left-hand side of the screen is neil can view total of it is now his show. neil: what is it with you two and birthdays. fine, happy birthday. ashley, so do you. we just move on. stuart: yep. neil: but this is how much folks love you, still wishing you happy birthday. on my birthday i asked for email, nothing. even my family. nope, nothing.