♪ ashley: shake your groove thing, morning in new york city as we pull back on that beautiful shot. it is 10:00 eastern time. ashley webster in for stuart varney. look at the green on the screen.

dog just jobs report not too hot which if it was it would have forced the fed to be more aggressive but the dow up one hundred 39 points, s&p up half of 1%, nasdaq more modest gains. look at the 10 year treasury yields. on the august jobs report the yield coming down 7 basis points, 3.19%. the nasdaq not really taking off today. oil up a little bit, $88.60, what about bitcoin, around the 20,000 mark, up $126, twenty six thousand two hundred twenty three. now this. republican senator rick scott defending republican senate candidates against what he calls treasonous party members. he says, quote, unfortunately many of the people responsible

for losing the senate last cycle are trying to stop us from winning the majority this time by trash talking our republican candidates. giving anonymous quotes to help the washington post or new york times to write stories trashing republicans is the same as working with the democratic national committee. that is rick scott from florida. joining us david avella. ronald reagan famously said you shall not speak ill of another republican. is this hurting conservative candidates ahead of november to rick scott's point? >> republican voters want the focus to be on the failings of president biden and fight him, not each other as we get ready to go into the elections. all of that said the most important thing is voters have the final say. with the president at 42% approval rating, 70% thinking we are going in the wrong

direction there is every indication despite what washington pundits may say it is going to be a good year for republicans. ashley: i want you to look at this op-ed from the washington post. it reads with trump's help, biden makes the gop play defense, the piece goes on to applaud president biden's attacks on republicans, but aren't they swaying americans? >> it is easy to say on september 13th, when shipper university announced the recipients of their stability award in politics president biden will not be a recipient of that and it would match up with what we were talking about. right now voters are turning this president out, give him a failing grade, whether it is how he handles inflation or

handling crime, or how he is handling getting schools, teaching our kids the basics. every single one of those areas the president has a failing grade, most of those areas you have voters particularly independents favoring republicans over democrats pointing to it is going to be a big day for republicans this november. ashley: to that point, will republicans retake the house and senate? >> today all the wind suggests that it is. you have pundits say the democrats have closed the gap. the reality is every single republican senate candidate in a competitive race has a chance to win this. we just need to stay focused on telling americans what we are for and how we are going to make life better because they decided they don't like what they are getting from the biden administration. ashley: very quickly, your

thoughts on the speech last night, two marine guards, very divisive speech, was it not? >> goes back to my first comment. the president claimed he was going to bring stability to politics and we are getting the opposite. ashley: we will leave it right there. thank you. for your time this morning. a new poll shows how many people believe democracy is in danger of collapse. does it differ politically? >> quinnipiac poll finds 67% of democrats and republicans think democracy is in danger, that is up 9 percentage points since january. look at last night, president biden put fuel on the fire with the primetime address where he called donald trump a threat to democracy, used the word amaga 13 times, it for the campaign

style speech. how he campaigned in 2020 on uniting the country. ashley: a new report says republican control of the house in november may longer be a foregone conclusion. david avella said hang on. what happened? >> a political report says there is a pathway for democrats to keep the majority. it is a narrow path but it is possible. the author of the report cites 5 specific recent races that help democrats move up, the alaska special election, the first democrat in the house, nearly half a century, virginia, abigail sandberg are pulling ahead of republican mainly because of the abortion issue. that's the issue where you have the independent suburban women moving democratic and the wall street journal paul, democrats took a 3 point lead over

republicans for the midterms in november. this shows there is a path. ashley: we shall see. thank you very much. a day is a long time in politics. check the markets if we can. we were up 50 points on the dow, now we are starting, the dow and s&p slightly higher, the nasdaq negative. let's begin with of the jobs report. what were your reactions to what the august jobs report told us? >> it said what we expected, not going to be as strong as july, we didn't think it would be a disaster. the unemployment rate going higher, a little improvement in labor participation. i care about that number more than anything. more people in the workforce.

you want them to find work too but still a lot of job openings i'm not worried about. what i don't like is the couple million people in the workforce during covid having them come back. younger and older people, not good for our society. ashley: it really isn't. 11 billion job openings, remarkable. i want to move on because you are a dividend guy. let's begin with franklin resources. tell me about that. >> i love the ticker, been as in ben franklin. this is an interesting asset manager. they have grown the dividend every year since 1995 and a lot of asset managers, the financial crisis, during covid, very disciplined company, diversified, they handle stocks, bonds, alternatives, rate fee, revenue, 4% dividend.

ashley: i will move on, don't know how to pronounce it, a company that does little bit of everything. >> you pronounced it better than stuart does. and they do well with natural gas liquids and leads to the manufacturing of products we all use. it is an important company, high dividend yield, sensitive commodity prices. when oil was higher it should be doing better. natural gas is high right now so you have to take some volatility, 5% dividend yield, they grow every year. even if you can't pronounce the name it belongs in your portfolio. ashley: liondell bezell. we had a rough august.

how do you look at this month which is traditionally not great for the markets? >> this thing about one month, it means 70%, 60% of the time which means it means nothing, you can have a bad september or good september, don't want people to worry about calendar superstition. usc football, markets are going to respond to fundamentals, earnings. this is the way it works. august was a good month the first two weeks in the last two weeks, gave that back, volatility, people have to be used to it, it is going to continue, volatile, that's the market we are in for the foreseeable future. >> thanks for joining us this friday. have a great labor day weekend.

ashley: you are looking at the movers, up 4%. >> they raise their revenue estimates but completely bucking the trends, the consumer slowing down. consumer it spending is very much holding up, then you have shell, their ceo, stepping down, reuters reports the short list is four candidates. two completely different things and produce more oil, and going to get this job at the end. and a pretty big on an expected output, rental meet on monday. neil: thank you very much.

the white house blaming donald trump for the drop in student test scores but what about the unions the schools close, more on that story. republicans may sue the admin station over its student loan hand out program, that. president biden attacking trump republicans as a threat to democracy. >> donald trump and the maga republicans represent extremism that threatens the foundations of our republic. maga forces are determined to take this country backwards. back to and america, there is no right to choose. ashley: the president who said he was going to unite the country. alexandria half -- >> no more mr. night guys, no mr. nice guy.

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ashley: looking at beautiful lake george, new york one north of the city, it is 61 ° there. some fall in the air. if you like the music we play on the show, follow sunspot toif a matt, "varney and company," scan the qr code on your screen and you can enjoy the playlists has updated every week. let's check the markets, we started out strongly, august jobs report that wasn't overheated seemed to give us some momentum and now we are picking up again, the dow up

215 points, the epson p up 0. 8, and the nasdaq up 7/10. we are on the upside. despite the president running at 2020 campaign on the promise of uniting the country the administration is ramping up its attack on the republican party. alexandria half is at the white house, take us through it. >> reporter: the president spoke in philadelphia. this is in a taxpayer-funded event, the president used the term maga 13 times, the president said this is not political. >> president biden: i stand here tonight, equality and democracy are under assault. we do ourselves no favor to pretend otherwise. >> reporter: the backdrop was significant my independence hall, the birthplace of the american revolution. marine standing at attention behind the president. it was a break from white house

tradition and even members of the mainstream media called out in responding to a tweet from brandon keeler which noted the military is supposed to be outpolitical. white has to be to press secretary wrote democracy is not a partisan or political issue. here's more from the president. >> president biden: no question the republican party is driven and intimidated by donald trump and the maga republicans. that is a threat to this country. >> reporter: the president framed this is a battle for the nation's all to which senator lindsey graham tweeted, without a respect, mr. president, there's nothing wrong with america's all come to the merc and people are hurting because of your policies. the president did attempt to separate what he considers to be mainstream republicans from trump allies but in a preemptive response to the speech, kevin mccarthy said this. >> the first lines out of his mouth should be to apologize for slandering tens of millions

of americans as fascists. >> reporter: the president returned to the white house last night and we expect here from him again this afternoon when he speaks to the american rescue plan. ashley: alexandria at the white house. good morning from newsweek. what did you make of president biden's speech last night? it was pretty divisive, was it not? >> i am old enough to remember, calling half the nation a basket of deplorable's are talking about people living in failing industrial communities are saying they are clinging to the guns and religions and big trees was a gaff. now they are running on this with pride calling people semi-fascists. what is so interesting about this is the president actually has a robust bipartisan record that he could be running on.

they have the infrastructure bill that passed with bipartisan support, a gun-control bill that passed with a lot of bipartisan support, so much to be running on, the chips act and their climate bill which was not bipartisan but they are very proud of. why not run on that? why is he running on hate and division? ashley: let's get to your new op-ed in the wall street journal that reads democrats are the party of the over class from student loans to covid restrictions the left seeks to make the wealthy wealthier. explain how the democrats making the rich richer. >> we are old enough to remember when the democrats used to at least pretend they were the side of the little guy, last week the president decided to get families making up to $250,000 a year a $10,000 gift at taxpayer expense but the thing is what i wrote about on the wall street journal's this is not an aberration from

the progressive movement, this is just the apotheosis of who they have become. if you look at everything they are pushing, open borders, covid lockdowns, climate extremism, each of these is a piece of class warfare that liberal progressive elites are waging against the working class that makes progressive elites who are affluent feel good about themselves while making the working class pay the price for it. ashley: do you think the new attack from the administration, it appears to be an intentional strategy of labeling tens of millions of people as semi-fascists, that is incredibly strong wordage. could this backfire on the democrats? >> what i want to see is the republicans not meeting the president at the bottom but taking the high road and understanding more unites us as americans then divides us. we are very divided on the most important issues this great

nation was founded on, finally there is no division about the most import issues, dignity, equality for everybody and i want to see the republican standing up for the little guy, standing up for the working class, signing onto marco rubio's teams act, signing on to andy levin's overtime act, these are things that can help working americans and i want to see the republicans picking up that mantle because the democrats have abandoned it. ashley: we have to leave it there. thank you for joining us today. a new poll shows how many americans believe the country is heading in the wrong direction. what that number? lauren: 68% say the country is headed in the wrong direction but i think this is why politics is so fascinating, this is the wall street journal poll we've been talking about. of the election were held today

44% would vote republican versus a higher 47% saying they would vote democrat so the top issues are abortion and inflation. the administration not doing much on inflation so you see the president trying to divide republicans. calling them ultra amaga, fascist, you name it, trying to go to him on the social front, on the abortion front. neil: ashley: there's a story republicans may soothe the white house. what is this? >> student debt forgiveness for tens of millions of americans, the washington post reporting republic and lawmakers including senator ted cruz but also the gop attorney general from arizona and texas might bring a lawsuit. they would argue the president does not have the authority to do this. the white house says yes we do, debt cancellation is appropriate under the heroes act. that permits the executive branch to forgive student loans

during national emergencies. is it still covid? as we discussed, schools are going back to normal. if it is a lawsuit it will go to the supreme court. and are they forgiven? ashley: we will find out. thank you very much. nasa trying to relaunch its artemis one rocket tomorrow after engine problems delayed the original left off. i will ask a former astronaut why going back to the moon is so important. and airlines already offering for passengers as they brace for more flight mayors, what you need to know before taking off.

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ashley: i don't think the august jobs report changed anything in the fed's mind, the market reactant, dow up 250 points, the s&p up 1%, the nasdaq up near one% at this time. let's bring lahren back in,

you're looking at the movers, let's start with peloton. lauren: ubs says they cut the price target by $5 and it will be a tough to balance higher upfront cost to grow their subscriptions and fix their problems and limit spending at the same time. very hard to do. this is cloud-based software up 9%, lifting the stock from cell to neutral, the bad news is arnie priced in if you look at on your chart, this company is down 70 one% this year so it is ugly. and finally forward is a winner today up 1.8%, they are easy sales up 300% in the past year and overall august sales rose by 27%. ashley: good news for ford. now this. more than 12.6 million people

are set to fly over the labor day weekend, i'm not one of them but madison allworth is at tampa international airport. what should travelers expect? >> reporter: they should expect not a lot of delays, that's what the airlines are hoping, this summer has been marked by delays and cancellations, labor day weekend the unofficial end of summer, hopefully the unofficial end of that period of time. because of all this we have seen airlines make some adjustments, now some are stepping up to the plate and offering compensation to those travelers who have experienced problems so some of the airlines there's are stepping up, american airlines community, southwest, also us transportation officials they will provide meals for customers, delayed by at least three hours and hotel rooms for stranded passengers if there are delays or cancellations prompted by issues under the

airline's control and travelers should still expect some delays this weekend. >> one in 5 flights been delayed on departure. in previous years it was a little less, one in 7 flight so that is 16% increase in the delay rate. that is down from a 50% increase earlier this summer. >> reporter: moving in the right direction. everyone is hoping the end of summer will be better than the beginning of summer when you look at those delay numbers and we see the department of transportation releasing a report that shows there was a 35% increase in air travel service complaints from may to june. that is 270% above pre-pandemic levels. passengers are not the only ones complaining. off-duty pilots picketed 13 major airports yesterday to demand a new labor contract and send a message that airlines

need to improve operations and reduce flight delays and cancellations. look at the delays and cancellations today, 948 delays, cancellation 111 so hopefully those numbers stay low. the travel period from thursday through monday. ashley: fingers crossed on that, thank you very much. let's bring in jeff hoffman. how do you think we can to travel will go? one in 5 flights being delayed? that's better than the carnage earlier this year but are things improving? >> yes and no. madison's report was pretty optimistic. it doesn't account for one thing we haven't seen yet which is a lot of people in the system from pilots to air

traffic controllers calling in sick or planning to call in sick this weekend. a lot of people i talked to their reason is they don't want to take the abuse from angry travelers because of the delays. unruly passenger incidents are part of the increase in passenger complaints and service complaints so we are not done with this. we haven't solved the labor problem for air traffic control and a lot of them, significant number of people are planning to skip this weekend and call in sick, they won't get fired for calling in sick because they need the staff. that will make it worse than madison reported. people traveling this weekend should bring a pillow. ashley: oh my gosh, that's not what we want to hear. thankfully i am not one of them so i can at least be on the sidelines on this but the next one for you. one economist predict airfare prices will continue to drop over the next month until we

enter the upcoming holiday season, do you think prices will fall and by how much? >> that is some good news. they are down since may, down 25% because% because fuel prices have gone down but they are down from high numbers. relatively speaking it is better. they could continue to get better but i think it is only going to last september and october because they already -- i went and looked, prices for the holiday period november, december, are already back so we will have a break, 25% decrease in prices for a while but only for two months and then you will hit holiday travel and the prices are already going back up so book quickly. ashley: i want to get back to the staffing issues in the problems it is creating. when do we get through that? or will we see the same kind of delays and cancellations

towards the end of the year? >> i don't think it will be affected by holiday time. traffic decreases september, october, because everybody is back in school, vacations are over, normally business travel picks up then but we will not see a recovery there and holiday travel a lot of people didn't travel during the covid years so there's pent-up demand for holiday travel that will exceed staffing, they are still having trouble recruiting pilots, you can see they are demanding more for the level of effort they are putting in. all in all i don't think it recovers by the end of this calendar year so the holidays will be tough service wise. we got little while until we will really see staffing return to an acceptable level. ashley: have to leave it there. jeff hoffman says if you are headed to the airport anytime soon bring a pillow. that's not a good sign. thank you very much.

the department of transportation released its air travel consumer report. take us through it. ashley: lauren: bring a pillow. the first 6 month of this year you needed a pillow because 24% of domestic flights did not arrive on time. staffing, weather, those are the biggest culprits. some carriers did better than others, no surprise, hawaiian airlines ranked first and did again, the most reliable 82% of their flights arriving on time, delta came in second place 80% followed by alaska, united, one point on american. let's give them credit, they also operated the most flights so tougher for them. delays are just one headache which baggage is another. ever notice you have the same carry-on bag and maybe a connecting flight and you didn't pay for it on the first flight but you do on the second flight. it makes no sense. the gate agent is literally

looking at your bag as a dollar sign and looking how many people on the flight and say we will just charge right now. they see it as a stream of revenue. baggage fees last you hit an all-time high and they are trying to do that again with carry-ons, $20.9 billion last year for baggage fees. to check our bags and now to carry them on the plane. ashley: they get you coming and going in every sense of the word. thank you very much. let's move on. the meme stock phenomena and is making its way to the silver screen. seth rogan and pete davidson will star in a movie based on the short squeeze movement. tomorrow national cinema day, movie theaters across the country are cutting prices and hope of a box office boom. kelly o'grady will have that report next. ♪

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ashley: let's look at these markets, the dow gaining some ground up 332 points, the s&p up 11/4, the nasdaq up, 1/3 gaining more upward momentum. meme stock mania making its way to the big screen, why not? coming and give me the details. >> film reportedly stars this month, calling it to money. don't know if that will be insulting to anybody but it is about the short squeeze movement popularized by the wall street crowd ending together to choose the price of the meme stocks like game stop and put headphones out, the stars are seth rogan and pete davidson and it is based on the

book the antisocial network. i'm curious to see how they portray the meme stock traders in what kind of light. are they heroes or just messing everything up? ashley: we will wait and find out but i like those two actors, national cinema day is tomorrow, movie tickets will be just $3 at a majority of theaters across the united states, that is the deal and kelly o'grady is outside a movie theater this morning in los angeles. i theaters expecting a boom from this event? >> reporter: they are hoping for it, not necessarily with the box office number, $3 isn't going to do much for a theater like this that normally charges 15 for an evening showing that the big idea is to get those reluctant moviegoers back into theaters. this summer has seen a resurgence versus the height of covid box office receipts are down 20%, releases tracking 30%

lower, 2019 sans 9 films across the billion-dollar mark, this your only top gun has delivered those results but there are major releases this fall and viewers tomorrow will be treated to a multi-studio sizzle wheel in hopes of strong turnout during the final quarter. theater chains are up against a big change in consumer behavior following the pandemic. a survey showing 55% of respondents were more interested in watching movies at home and 50% said seeing a movie of theaters is too expensive, the straight to streaming is helping consumers on that front but hurting theatrical chains not only in ticket sales but concessions as well. theaters take half of box office revenue but concessions is where they make most of their money. tickets may be discounted but your popcorn will start cost more. event organizers say while this is a trial it could become an annual event. little downside to the $3 in promotion because labor day weekend is already very slow. marble, the biggest opening at

94 million compared to black panther which opened presidents' day weekend in 2018 at 2 $42 million so we will see if viewers take the bait and going to movie theaters as we come to the end of summer. being from la i am a big movie fan so maybe i will see top gun this weekend again. ashley: for $3 you can't beat it. kelly o'grady, thank you very much. coming up don't forget to send your friday feedback. you can email your questions, comments and critiques. the world's first autonomous restaurant is opening in san francisco. our prices lower than a fully staffed restaurant? we will ask the ceo and cofounder who is on the show next.

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1%, the s&p, the same story for the nasdaq composite up 1.4%. meantime companies across the country are struggling to handle the tight labor market to deal with unseasoned staff. give me the details. lauren: a big race to replace workers who left the workforce during the pandemic and now all these positions to fill and companies have filled most of them with many inexperienced staff. if you don't have experience had a baptism by fire and the result is you work slower, you can mess things up a little bit, maybe entirely, a customer or patient, the nurse might have graduated without ever touching a patient. if you are at the airport, who will handle, no one there to train them. ever had any bad experiences with that?

neil: one of the new employees handled my bag earlier this year, took two days to find me, i had to go out and buy clothes in the meantime. it is bringing up a lot of bad feelings on that. a self stocking robot in japan looking to take away the boring jobs being done by humans. what is this about? lauren: gordon can stock shelves, one thousand bottles a day with those robotic arms, kind of freaky. the maker is a japanese company, they say gordon will soon be able to do any mundane job human doesn't want to do and eventually do the jobs you do want to do. they are working on powering their robot to coexist with human beings, to provide social needs as well. it could be stuart i'm talking to a robot.

ashley: i think gordon will frighten customers, he looks like something out of a sci-fi horror movie. lauren: just prop me up and tell me beautiful things. is stuart listening? ashley: probably not. a company just opened fully autonomous restaurant in san francisco, the world's first restaurant of its kind with 60,000 possible customizations and variations on its menu. fantastic. the ceo and cofounder joins me now. congratulations. how long did it take you to come from an idea and you did this with a couple of your cohorts from stanford, how long did ago from this would be a good idea to reality? >> we started thinking through this in 2,020, almost two years ago when we realized we didn't

have any great affordable food options around campus. in the course of 2,020 one we built some prototypes and started our test and started designing and building what you see now what we just launched, the first fully autonomous location, a 2-year journey from start to here. ashley: how does it work? i am a customer, walk-up to the box behind you. is there a digital menu and i make my pics and the robots take over? >> exactly. let me give you a little tour. you see right here, ordering touchscreens on the side so you can place your order and keep track of the order status on your phone and when you are ready, pick up from the smart lockers on the end here so the glass turns clear when your order is ready and you grab anything else you need and you got a healthy meal for a low price. ashley: is the price cheaper

because you don't have a staff per se? >> it is cheaper for two reasons, one is these are a lot cheaper to build than a restaurant so there's less capital to be returned. the other is we have sound in our central kitchen where they can do their job more efficiently than on site where we bade -- need barely any labor at all so we pass that on to customers. ashley: what happens if something goes wrong and there are no humans around, is there somewhere the customer says i didn't order this or i don't like this, what is their option? >> right now we do have staff on hand to talk to customers and explain what is going on and we can adjust for any issues but long-term there is email and phone contact they can reach so we can step in. ashley: how much do these autonomous kitchens, restaurants, how much do they cost and are you looking to expand? >> we are planning to expand,

right now there are half-million to build per location but we expect to get that down substantially because these are reproducible. ashley: that is fascinating, thank you for taking time to speak with us and give us a tour and we wish you the best of luck. how fascinating. thank you. still ahead, florida lieutenant governor nunez, steve hilton, jonathan honing, the 11 a.m. am hour of "varney and company's" next. like any family, the auburns all have... individual priorities. some like strategic diversification.

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the next very well could be a wartime president and god help us if it is joe biden but this will be won or last economically way before it is militarily. >> and give him a failing grade. it will be a big day for republicans this november. >> we are in a very interesting time when it comes to the economy, we are not in a recession period, we are not