that time. dagen: that's who she was. steadfast in her duty and devotion to obviously not just the american people, of the british people but americans as well. maria: she was. joe, final word? >> a queen not only to the uk but to the world, maria. maria: yes that's a great way to put it dagen mcdowell, joe concha great to be with you have a great weekend everybody here is "varney" & company stu take it away. stuart: good morning, maria, and good morning, everyone. this is day one of the mourning period for the late queen elizabeth, her passing dominates the news all over the world. there is near-universal praise for her long reign and some anxiety about the future. king charles iii takes over just as britain goes into economic crisis and installs a new prime minister. we'll cover the events as they unfold. the 96 gun salute earlier this morning, one for each year of her life. the first look at the new king, and later today, his first

address to the nation. it is a time of sadness and respect, and that will be a big part of our programmed to. there is other news. a modest rally for stocks, the dow looks like a gain of 200 points at the opening bell. nice upside move for the s&p, and the nasdaq look at that, up maybe 120 points, pretty much green this morning. bitcoin, back above 21,000, just above 21,000, but it's there. and the 10 year treasury, the yield coming in now at about what, 3.3%, 3.26 actually. the two-year is very close to, and it's there, 3.50%, so that's still a recession indicator. better take a look at the price of gas, down $0.02 this morning down to 3.73 on average. this decline reflects the recent sell-off in oil. diesel also down $0.02 on this day, 5.02 is the price there. it is friday, september 9, 2022.

the first full day of king charles iii reign. "varney" & company is about to begin. stuart: she was a model of unity and strength, the world mourns the loss of queen elizabeth. she was 96. 70 years on the throne. my colleague ashley webster joins us. charles will address the people today. when is that going to happen, ashley? ashley: well, he is scheduled to address the nation at a memorial service, stu, at st. paul's cathedral later today, will be at 1:00 p.m. eastern eastern time, 6:00 p.m. in london. before that, we know he will meet with british prime minister liz truss and he's on his way to buckingham palace. he spent the evening at balmoral but queen camila are on their way. earlier today bells rang out in

tribute to the queen, windsor castle and churches across the country. as you mentioned, gun salutes of 96 rounds to mark each year of her life have been fired in hyde park, tower of london, k ardif, northern ireland , jersey, gibralter, it is expected charles will be formerly proclaimed king at a share moan it at st. jamie spears' palace tomorrow in front of a ceremonial body and for the very first time ever, that process will be broadcast live on television. next week, potentially tuesday, the queen's coffin will be taken to westminster hall where her body will lie in state before her funeral service. it will also allow the public to file past and pay their respects for 23 hours a day. following the funeral, the queen 's coffin is expected to be taken in a procession through the center of london, before heading to windsor castle , her final resting place will be in the king george the

xi memorial chapel where her mother and father are buried and by the way, stu, i want to bring this up. there have been questions about what happens to the queen's wealth? firstly the monarchy holds nearly $28 billion in real estate assets alone, but none of that can be sold. it is part of the business, the firm, as it's sometimes called but the queen herself, has accumulated over $500 million in personal assets, largely due to her investments, art collection, jewelry, real estate holdings which include sa ndringhom house and balmoral castle and most will be passed down to king charles. stu? stuart: a very good roundup of what's going on ashley, thanks very much indeed. we'll get back to you shortly that's a promise. royal commentator neil shawn joins me now. neil, welcome to the program. it's good to have you with us. it seems this is a very difficult time for charles. king charles. is he popular? >> well, good afternoon, from london, stuart. is king charles popular?

yes, he is. it's a mixed bag, really, because you know, the difficulty that you have is the monarch was so well-loved but we didn't know that much about her. she was a blank canvass for many people. i think the problem that charles has had, is that he's been very vocal over the years about many things from, you know, green climate change to architecture here in london, that sort of stuff. we feel we know him a lot more. sometimes for the better, sometimes for the worst. the biggest upheaval he has now is finding the monarchy for the 21st century and the biggest problem he also has is slimming it down to make it accessible and sort of pallet able for the british public particularly when you have a cost of living crisis, you know? we've already got a big sort of trending thing over here on social media about abolish the monarchy the usual nonsense but forget this brings in millions and millions of pounds every year so it is as you rightly said there, and ashley pointed out, you know, a

business that does incredibly well, but yes, i would say on the whole, king charles is popular. how he defines that now is the next big step. stuart: can you bring us up to speed on the split within the royal family? prince william against prince harry, kate middleton, against meghan markle. i mean it seems like that's a real split. can charles heal it, bring it together? >> you know, a brillianted question, stuart, really because when you think about it, you know it's a soap opera as a side line isn't it? i have to say the real royals, kate and william, you know, prince william, duke of cambridge, dutchess of cambridge , they've always carr ied on representing and being great ambassadors for the british monarchy. i think what's really highlight ed the fact is that how does prince charles now deal with his wayward son and of course the cable tv actress meghan markle. she's dropped so many mistakes and all sorts of things and actually, whichever way you look

at it has been proven to be a liar and that doesn't simply sit very well over here in the united kingdom. charles needs to about fast. he needs to really remove their tie towards them and let them standalone. they wanted to go it alone. they wanted to be independent. they saw all of the hissy fits as they left to mexit as it were so the bottom line here is the instant popularity poll for prince charles, takeaway the titles, off you go. do your best. let the real royals get on with the work. stuart: neil, really? you think king charles, should strip prince harry and his wife, the dutchess, strip them of their titles? that be a split and a half, wouldn't it? >> you're right though, stuart but that's the feeling over here we feel that they've just exploded, monetized, and i mean you look at the recent podcasts of megan. its not been very easy when you think about it for our wonderful late monarch, queen elizabeth ii

i don't know if you saw the pictures where she met her last prime minister liz truss. in that room there were all the daily papers on the table. don't ever forget that the monarch looks at all of the headlines, all the newspaper s everyday. it can't be comfortable reading. let's not just forget she also had to deal with her son, prince andrew, and the debacle that he put upon it, so its not been an easy ride either way, but i think an instant popularity definitely be to remove the titles. stuart: okay, we hear you. neil, thanks very much for being with us. queen elizabeth met just about every world leader of the last three generations. she was no stranger to american presidents, was she, lauren? lauren: 13 sitting presidents she met, everyone in the past 70 years, minus lbj, lindsey graham on b. johnson so all this started in 1951 when she was princess elizabeth she meze with harry truman six years later she's queen and stays at

the white house for four days, visiting president dwight d. eisenhower. she then hosted jfk at buckingham palace in 61. she rode horses with ronald regan at windsor castle in 1982 and of course if you look at the last pictures there she met with the obamas, the trumps, and finally, the bidens last june. stuart: nobody has met more world leaders, politicians, or any other title. lauren: she was apolitical. stuart: yes she was and she had to be. can charles be apolitical? lauren: it's going to be difficult. stuart: he's a climate warrior. how's he stepping aside from that? we really should go to the markets this is after all a financial program and thankfully dan ives has decided to spend the entire hour with us. he hasn't said much so far, but we're with him now. i want your outlook for the rest of the year for the stock market what do you got? >> look, i think right now, it's setup for a significant rally in tech stocks. stuart: hold on. setup for a significant rally between now and the end of the year in tech stocks?

>> yeah, we've tech stocked from here could move up 15-20% because our view that you've seen over-correction and ultimately the fundamentals, from microsoft to apple to cybersecurity across-the-board, barks worse than the bite holding up well. a lot of bad news baked in. the fed, you're starting to see more and more what i believe will start to be a risk-on as we go into the rest of the year. stuart: but the fed is not a problem for big tech? despite what they're going to do , you can still go up 15-20% on the big tech stocks? >> well i think that's already started to get baked in. i think the fed, you look at what we're seeing in terms of hikes it comes down to fundamental, the streets baked in that number has to get cut five, 10% and what's really starting now to play out it's a bifurcation in tech where specifically on enterprise names like apple, supply chain starting to abate in terms of what we're seeing. that, what i believe is going to be a perfect storm in terms of a positive for the bulls. stuart: we'll get back to that later but real fast. what do you think to my idea of buying and holding a two year

treasury until maturity, get 3.5 % interest with a tax break. what's wrong with that? >> there's nothing wrong with that. stuart: thank you very much. >> i've asked every analyst on this program. lauren: i'm wrong you're right, goodnight. that's how it works in stuart's world. >>stuart: you're right. you can stay right there, son. we're just learning about the twitter whistleblower received a big settlement from twitter. how much we talking about? lauren: $7 million, so the whistleblower peses name is peter zatko. he was paid $7 million by twitter to basically keep his mouth shut about his gripes against the company and he did the exact opposite. stuart: but he didn't. lauren: so the impeachment, and he did sign an nda came in june the whistleblower complaint came in july. he accuses the company of fail ing to protect sensitive user data and lying about security problems. he is the central figure now in musk's trying to wiggle out of the deal. tuesdays going to be huge. you have two things happening.

he testifies before the senate judiciary committee on twitter security lapses, and on that same day, special meeting, twitter shareholders will vote on the $54.20 bid by musk to buy the company. whatever price they eventually, if ever, agree on, if they are going to have a deal the window is closing because the trial is in one month. stuart: um, 20 seconds do you still think that twitter is bought by musk? >> yeah, i think the zatko situation, i think that changes the calculus, it does put twitter's back against the wall and this will be heard in delaware and i believe they are going to have to come to the table before they step into court. stuart: that's why the stocks up to $42 a share? >> right now streets baking in there will be a deal but we've renegotiated somewhere in the $ 50 range. stuart: back to the market overall looking at a 200 point gain for the dow jones industrial average right there and the king is hads arriving at buckingham palace i believe we have video, yes we do.

matt is the large red road right in front of buckingham palace and the crowds have gathered and king charles iii is one of the vehicles, probably the front one, he's just getting out of it now and that is the queen consor t, as camila, the queen decided before she passed that camila be known as the queen consort. that's important to get the word "queen" into the sentence describing her and she is there, and there's king charles iii getting a round of applause from the masses of people who are assembled outside buckingham palace and he's doing a walk and talk, a meet and greet as the new king and i don't know how many people are on the mall there, there must be hundreds of thousands of people by the looks of it. they've come out to cheer their

new king. remarkable. remarkable. we were just asking about his popularity and the royal watcher , neil shawn, told us he is indeed popular, and neil shawn suggested that the new king should strip prince harry and his wife meghan of their titles. that be a dramatic move, but neil shawn thinks that that would improve his, the king's, popularity. he certainly seems popular with that crowd but then who wouldn't be? he's the brand new king, first day on-the-job and he's meeting the people of his country. coming up for you, queen elizabeth, the stability in class will be honoring the life and legacy of the queen, throughout the show today. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values.

i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com ♪ the new 2023 gmc sierra at4x is equipped to conquer the great outdoors... ...or the great indoors. welcome to the peak of premium off-roading. the new 2023 gmc sierra at4x. gmc. we are professional grade ♪ ♪ ♪ ♪

♪ ♪ about two years ago i realized that jade was overweight. i wish i would have introduced the fresh food a lot sooner. after farmer's dog she's a much healthier weight. she's a lot more active. and she's able to join us on our adventures. get started at longlivedogs.com

pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line.

♪ stuart: yeah, let's see that again. king charles ii continues to greet bystanders outside buckingham palace. one thing that struck me looking at this is he's got a wonderful reception from the people who are shouting out "god save the king" and if you notice, there's no security. he's got a couple of guys behind him, but what about that crowd? have they been filtered, gone through metal detectors? i don't think they have. that looks to me like a meet and greet very much impromptu and it's a certain amount of risk but it's a good start. lauren: it's a coming hadding together, even if you aren't a royalist. the backdrop of the uk was queen elizabeth and that is her son and you can see the expression on the people's faces. they look honored and excited to meet him yet sad. stuart: ashley, this is happening right now.

what do you think? it's a remarkable thing, isn't it, this? ashley: it is. i'm actually very surprised. i expected him to get out of his car and go straight into buckingham palace but i think this is very good, certainly very sincere, looks on the faces of the people who i think are quite shocked they are getting to meet the new king, but he looks very good. he losing relaxed. the support is there. i think this is very good. i mean, just think about what he's been through in the last 24 hours and it's a moment i think he's been waiting all his life for and here he is, and he's out there amongst the people and as for the security question, i had exactly the same thought, but that's so typically british. often you see a prime minister walking around on the streets with no security. it's just one of those strange things. stuart: it's a wonderful thing. ashley: i see , it is a wonderful thing. i see security with him on that side of the barrier, but there's nothing to stop someone in the crowd, but this is a great moment. it rile law enforcement is.

stuart: stay there, ashley. i want to bring in mercedes schlapp to join us this morning. mercedes, as an american conservative republican, how do you feel looking across the pond at the new king and the new monarch taking office? what's your thoughts? >> look, i'm filled with joy in the sense that while this is, you know, a sad moment for great britain, and the british people, you see king charles embracing his new role, stepping up where his mother left behind. remember, so many of the people in britain, the only monarch that they really know that has been in charge has been queen elizabeth, so this is a new phase in great britain where it's this continuity where you know king charles has to embody the tradition and history and unity of great britain. this is where you do put politic

s aside and where you know that the monarch will be there to help provide the best advice they can give to the government and obviously, to serve the people of great britain so i like this idea of the king being the people's king , because we know that queen elizabeth, when her father passed away, knew that she had to serve and make sure that the people of great britain be prosperous and live in a safe and free country. that is what she focused on and i think you're going to see the same with king charles. stuart: mercedes thank you very much for being on the show today i just had to ask you how a republican feels about the monarch system. it turns out you like it. thank you, mercedes, have a great day and weekend, please. by the way, a lady just leaned over and kissed king charles iii on the cheek. you couldn't do that for the last 70-odd years. you couldn't do that kind of thing. you never got that close to

queen elizabeth but apparently, prince charles, on day one, is very much in with the people. all right, quick check of futures, please. we're going to open that market shortly. we've got the dow up about 200, some green there, and the nasdaq is up 116 points. we'll take you to the opening bell on wall street, next. ♪ businesses have to find new ways to compete in order to thrive in an ever-changing market. the right relationship with a bank who understands your industry, as well as the local markets where you do business, can help lay a solid foundation for the future. pnc provides the resources of one of the nation's largest banks

and local leaders with a focus on customized insights to help your business achieve its goals. that's how we make a difference. ♪ another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities.

♪ stuart: we've been showing you a video of king charles iii and the queen consort camila walking around through the crowd outside buckingham ball as , you hear the three cheers there singing " god save the king" and he was very popular a very good start to his reign walking now into the palace which is his future home. there you have it, a little history right there. you know, we really got to get to the markets and i'm going to bring in mark mahaney and my oops to you, mark, because you've been squeezed between the royal family and opening of the market you don't have much

time but i want you to tell me why you like spotify so much and where you think the stocks going >> yeah, it's good to see you again, stuart. we hosted a conference in new york this week, i thought two of the most interesting companies that presented in stocks that i like are uber and spotify. spotify we like but the $230 price target, it's the global leader in music streaming and what's interesting to me is i think we'll start see seeing gross margins expand next year and get this setup for an acceleration in paid sub- growth. they have about 400 million user s all-in and i think overtime, they can get to six to 700 million just given the music as an app and here is the innovative leader in the space and it's also a stock that's been materially underperformed so you get a chance for a re-rating. stuart: $230 a share on spotify, and it's 107 now? >> yes. stuart: what's the timeframe? >> 12 months. so, you know, yeah this is one of those stocks -- stuart: i'm really squeezed on time so i want to get in as much in as i can.

uber, tell me why you like it. >> they just reached free cash flow, positive free cash flow for the first time ever and i think that free cash flow is going to start rising over the next year and a half. we're in a hard money-market. you need to have, you need to prove to investors you've got free cash flow generation. uber can do that for the first time and as people start to increasingly appreciate that shares will rise. stuart: one last one. etsy. i know it's down, what about 50% this year, but you're optimistic tell me the story. >> yes, this is a niche commerce play and e-commerce has just been battered as a stock sector for the first, you know, nine months of this year. we think there's a recovery play , as people get back to purchasing online. this is a company with a really nice competitive position, and its been a significantly and consistently profitable name for sometime, as sentiment shift s on e-commerce, etsy should benefit. stuart: you've got it all in, mark. that's pretty good. you should be a professional tv broadcaster because you've got it all in. excellent. mark mahaney, everyone, thank

you very much indeed, sir appreciate it. >> good to see you again. stuart: yes, you too. i've got 20 seconds to the opening of this market. we're going to see some green right from the opening bell right now we're looking at a gain of maybe 180 for the dow, and somewhere in the region of 100 points for the nasdaq, so we've got, look, futures look to extend thursday's gains. that's very true. >> [opening bell ringing] stuart: so they are clapping and cheering and we are up and running. it's 9:30 right now trading has begun. this is the first day of king charles iii's reign and it's on wall street the market goes up right from the opening bell, how it closes is another story entirely. the vast majority of the dow 30 as you can see are in the green. j and j, home depot, amgen, and walmart in there as well, dow is up 150. as for the s&p 500 also to the upside this morning. right from the get-go, up .63% that's 25 points, and the nasdaq composite is up .87 that's pretty close to 1%.

i'm sure big tech is doing well, yes, sir, they are. apple, only 150, amazon, meta, alphabet, microsoft on the upside this morning. time to take a look at tesla. where are they going this morning? i presume they're up yes they are not much. shy of $300 a share. what's this about a lithium factory, lithium factory in texas? lauren: it's huge. stuart: is that what you call it , a factory? lauren: yes. it's securing supply of lithium key component in batteries for ev's. most of the lithium comes from china. we have very few supply here in the u.s.. tesla says their decision is based on tax incentives, but we just had the inflation reduction act, and this meets their qualification for domestic sourcing, so they could get money or subsidies to do this. the price, this is why ev's are so expensive. the price of lithium this year is up 138%. and musk has said, in the past, actually after the last

quarterly call, he said when it comes to lithium refining, you can't lose. it's licensed to print money. stuart: you like tesla? it's $300 a share, where's it going? >> 360 is our price target one of our favorite names and this is significant, because the one thing right now is controlling ultimately raw materials and battery and naturally what musk continues to do, flex the muscles is a huge move we're seeing in austin. stuart: next one, docusign, now they have had a pretty tough year, but they are up 12% this morning. start of a turnaround? lauren: that is apparently working. they delivered stronger earnings in the quarter. they raised their outlook for the year, subscription revenue up 23%, billings up 9%. not all analysts are convinced, rbc capital says look this is wait and see mode. we're still waiting on the new ceo to be officially named, and jpmorgan says well, near term profitability might remain weaker but today there's conviction behind the turnaround stuart: dan, i've got docusign

at 64 bucks a share. what's your price target? >> we're at 55. i mean, i believe this is a growth hangover. you'll see a short covering ultimately here. we don't think it's sustainable but it's a step in the right direction and that's something you got to give them credit for. stuart: okay, kroger. this is the grocery store chain. they reported before the bell. the stock is up a fraction, what's the story? lauren: we're still cooking at home because it's very expensive not only to buy food but more expensive to eat out. so they are doing fine. they raised their annual forecast, big demand for groceries and the essentials you cut back on discretionary spending, you buy a household essentials at kroger and other food stores, and they also said for their brand names, their own brand name which is a generic as opposed to another company, that's where all the demand is because they are usually cheaper prices. stuart: during the 12-year bull run, i got used to stocks that were going to double. not stocks -- lauren: well. stuart: never interested in

stocks going up 5%, but now, kroger, i can't get excited about that kind of thing. dan? >> look, i mean, i think it's a continued combination, right? ultimately, i think you still have to own high risk tact in the left lane. there are these right lane names going 55 miles an hour like kroger. we continue to like big tech but i believe overcorrected. lauren: profitable tech surged during the pandemic and apparently got used to and now they are back down to earth because they don't make money. stuart: i'm always interested in companies doing big stock buybacks and i know that t-mobile is doing a very big stock buyback. how much? lauren: this is disappointing because i would expect on a $14 billion buyback that the stock be up more. i think investors wanted more, and they expected more, so this share repurchase of $14 billion runs from now through september of next year. if you look at t-mobile shares this year, we have a chart because this tells the story, they're up 25%. their rivals verizon down 20%,

at&t is down 9%, so now, they have the money. they're rewarding shareholders, because remember they bought sprint. those costs to buy it are wind ing down, so they have this cash, and they promised more buybacks but i think investors are saying, it should be bigger. stuart: just don't tell senator elizabeth warren about a $14 billion stock. lauren: can't make money. stuart: don't do that. might make a profit, good lord. you've got stock picks for us before we leave you. z-scaler. did you do that? it's up 14%. >> it's great timing. yeah, i mean look, z-scaler reported last night and that's been one of our table pounders in cybersecurity and you look at names like this and palo alto, cybersecurity holding up like a rock of gibralter in this market and you want to continue to own names, z-scaler is one of our favorites. stuart: it's a cybersecurity company. >> they are protecting that's not fading. stuart: microsoft, i know you like it how high is it going? >> i think it'll have a three

in front of us because ultimately this cloud story is not dissipating and look at what's really happening in terms of they're gaining share from amazon. microsoft, we view, as a core cloud play in this market. stuart: okay, apple. the big one. >> the big one. iphone 14, obviously, you know that's going to be the big one is the catalyst. we believe a quarter of the in stall base have not upgraded in three and a half years so you continue to own apple and i think this is ultimately a stock we think passes 3 trillion. stuart: what you got? lauren: i have a question for dan on the iphone 14. what do you make of them not raising the price? everything else has gone up but apple had the ability to keep prices the same. >> i think it was a shocker that they didn't raise prices but it shows ultimately their control of the echosystem in terms of the a-16 chip but they don't want demand destruction and cook, everything cook has done has been the right move, continues to be a half of fame ceo. lauren: so the supply chain doesn't affect apple? >> i'd say the supply chain most of the worries are in the rear view mirror and that's

important for apple as well as just overall semis. stuart: okay got it thanks very much, dan. check the big board in business now for six and a half minutes and the dow industrial average is up 200 points that's .63%. which are the winners please among the dow 30? top of that list is caterpillar, disney, salesforce, intel. intel is at $31 a share how about that my goodness me. 500 winners, dish network, take two, halliburton, national oil well varco inc, and gap. nasdaq winners, zoom, paccar, and micron. lauren: broad based rally. stuart: it is a broad based rally all kinds of industries are taking part today and the dow is up 208 points. here is what's coming up for you , energy costs were painful this summer and they are projected to get even worse this winter we'll tell you how bad it's going to be. the biggest story of the day, the passing of queen elizabeth. throughout her reign she upheld the vow she took as a 21-

year-old princess. roll tape. >> my life, whether it belong or short, shall be devoted to your service and to the service of our great imperial family to which we all belong. stuart: from a spirited princess to britain's longest-serving monarch. we're honoring queen elizabeth's legs legacy after seven decades on the throne. ♪

go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed.

indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire finding my way forward with node-positive breast cancer felt overwhelming at times. but i never just found my way, i made it. so when i finished active therapy, i kept moving forward and did everything i could to protect myself from recurrence. verzenio is the first treatment in over 15 years to reduce the risk of recurrence for adults with hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur.

tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain, and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. i'm making my way forward, my way with verzenio. ask your doctor about everyday verzenio.

♪ stuart: that's outside buckingham palace right in the middle of london. i believe that's the statue, the large statue, at the top of the mall, right in front of

buckingham palace where tens of thousands of people are gathered to pay their respects to the late queen elizabeth. earlier we saw king charles and the queen consort queen camila a rrive. we're just learning of closures we're learning lloyd's of london will close its building on the day of the queen's funeral and all premier league soccer games this weekend have been canceled, out of respect for the late queen. back to the markets. stocks looking for three-week losing streak at the moment the dow has opened higher, so has the nasdaq and so has the s&p. we'll keep in touch with that one. and there's this. the white house is considering releasing more oil from the strategic reserve, but wait a minute, lauren. aren't the levels all the way down to what 1974 levels? lauren: yeah, because the biden administration started tapping it in may and they will continue through next month, releasing in total be about 180 million- barrels, 23% of its capacity. bloomberg is reporting, they

might do it again, when, right around the mid-terms, and in time for the cold weather, right especially in europe, so it would put more oil on the market and help keep bills low and they are worried because yes, gas prices, energy prices have been coming down here, but they could spike again and that's a bad look both politically and for consumers. stuart: oil is up this morning $ 85 a barrel. let's bring in dan everhart, our oil and nat gas kind of guy whose with us this morning. nat gas kind of guy. you said that global energy markets are entering a winter of discontent. okay, got it. how high is the price of oil going to go in your opinion? >> well, look. i think this is a calm before the storm, right? the last couple of weeks, oil prices have gone down based on china, reducing demand and global recession fears, but you know, i think we're going to exit 2022 with oil 105, 108, 110 , somewhere around there and natural gas is really going to spike this winter.

stuart: when you say spike, get up to what? nine or $10 per million british thermal units is that what price you're looking at? >> yeah, for north america. look, it's already around 30 in europe and i think you're going to see those two converge and see it definitely spike in north america to somewhere around $9 in million british thermal units stuart: but if that happens, the electric costs go straight up as well, don't they? i mean, they're already at a very high level. you're predicting essentially that electricity costs, utility bills, go much higher than that this winter, right? >> oh, absolutely. look, about 40% of power plants are powered by natural gas, and as natural gas goes, so goes the electric costs and you have already seen huge problems in california right? they are asking people not to charge their ev's from 4:00 p.m. to 9:00 p.m., or even a little bit later and i think you're going to see that continue to roll especially in california but also roll through the rest of the country a little bit. stuart: i know that you're in

london at the moment. i'm not sure what you're doing over there. is it a vacation or whatever i don't care but what's the mood like in london this morning, on day one of king charles iii? >> sure. well, i'll tell you, look. last night i went to buckingham palace and the mood was very somber, but you know this morning i got up very early , went to the oldest news stand in london actually bought newspapers at 6:00 a.m. with the coverage of the queen's death, but the mood today, i think, is a little more upbeat, and people are all talking about the new king and what that means and what's going to stay the same and what's going to change. stuart: okay, dan, thanks very much for joining us this morning have a great old time in london. enjoy yourself. >> thank you. stuart: see you later. >> thank you. stuart: bernie sanders says he may vote against keeping the government open. what would make him do a thing like that? lauren: because a spending bill would include a side deal for senator joe manchin for the

mountain valley pipeline in west virginia. right? that was the iou that manchin apparently got for supporting that massive inflation reduction act. well the time has come, and senator sanders says yeah, not on my watch. he says i oppose anything and this is a quote. "that makes it easier for big oil to destroy the planet" and apparently he is not alone. we're hearing about 60 house democrats are going to make their opposition to keep the government funded, funding runs out the end of this month. they are going to make their opposition known soon. stuart: it's entirely possible that joe manchin will be cheated he thought he got a deal. he vote for the spending and the taxes if you give me permitting for oil drilling. lauren: it is possible, but i don't think the government shuts down. stuart: i don't care. i'm very interested whether manchin gets his permitting deal he could really lose on this one lauren: he only got an iou, so that really means nothing these days. stuart: you're being very quiet on this one, dan ives. >> look, ultimately i think it

just speaks to some of the uncertainty that we've seen, but it's all starting to get priced, in my opinion, to stocks. stuart: it is. all right, here is what we have for you coming up. don't forget to send in your friday feedback. you can e-mail your questions, your comments and even critiques and hate mail, "varney"viewers@ foxcome. we are mourning the loss of queen elizabeth, she served for 70 years on the throne. we will continue to honor her, stay with us, please. ♪ you see, son, with a little elbow grease, you can do just about anything. thanks, dad. that's right, robert. and it's never too early to learn you could save with america's number one motorcycle insurer. that's right, jamie. but it's not just about savings.

it's about the friends we make along the way. you said it, flo. and don't forget to floss before you brush. your gums will thank you. -that's right, dr. gary. -jamie? sorry, i had another thought so i got back in line. what was it? [ sighs ] i can't remember.

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile.

flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line.

♪ stuart: that is buckingham palace looks to me like tens of thousands if not hundreds of thousands of people are paying their respect to the queen right outside the palace gates. earlier king charles iii and camila, the queen consort arrived greeting bystanders on the line with no security that i could see. that was pretty extraordinary. the new prime minister liz truss will arrive at buckingham palace to meet formally with the new king shortly and at 1:00 p.m.

our time, 1:00 p.m. eastern our time, king charles will address the nation for the first time. back to money. it's a great shot there of buckingham palace but we have to talk about money on this program zero percent mortgages, zero percent down mortgages, i should say. they're coming back. some banks are offering loans with nothing down, based on income and race. that's the kicker. gerri willis is with us now. aren't these the same policies that got us into trouble last time? gerri: we've seen this movie before, right? absolutely, no doubt about it, and some of these big banks are offering big breaks to homebuyer s. zero down mortgages, just as mortgage rates hit their highest levels in 15 years. freddie mac reporting this week that the average 30-year fixed rate mortgage is 5.89%, and there are other barriers like the price. right? we set an all-time high of 403,000 back in june. now, what we're talking about are those notorious ninja knowns , no income, no job, no

problem, that led, in fact to the housing crash of 2018 and some critics say zero down mortgages offered during last housing boom were the first to go belly-up. now, while most mortgage loans require a down payment of 20%, bank of america becomes the latest large bank to offer zero down loan, jpmorgan chase already doing it, td bank already doing it. the idea here, to assist buyers and predominantly black and hispanic neighborhoods in 21 cities places like charlotte, dallas, detroit, los angeles, and miami. now to make all of this work, b of a is footing the down payment making $15,000 grants for folks who qualify and you have to understand homeownership rates in black communities, 43%, and white communities, it's 72%, so it's very very different, bank of america tried to make a difference here, but the big question is whether zero down offers will have a similar impact in the market this time around. loading up people with debt, who can least afford it. stuart: and can least afford to repay.

gerri: yes. stuart: could be the same all problem resurfacing and we'll see. gerri thank you very much indeed and dan, also, thanks very much for joining us. here for the entire hour. didn't get much of the show because you were eased out by events in london, but it was nice to have you. >> great to be here. stuart: especially when you said microsoft is going to 300. still ahead, big smile. tammy bruce, robokneel, steve hilton, deroy murdock and we'll show you again the mourners continuing to surround buckingham palace. doesn't look like a morning crowd, actually. looks like a rather joyful crowd , almost, celebrating the new king. tens of thousands, if not hundreds of thousands right outside the palace gates. that's what's happening now, in london. ♪

.. my husband and i have never been more active. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel, your risk of shingles sharply increases after age 50. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix.

fainting can also happen. the most common side effects are pain, redness and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. shingles doesn't care. but shingrix protects. ask your doctor or pharmacist about shingrix today. ♪

stuart: britain, commonwealth nations and the entire world remembering the legacy of queen elizabeth the second including the last 7 decades serving her country, the longest serving monarch in british history, she passed away yesterday at the age of 96. throughout our show we will look back at the late monarch's

rise to the throne and the remarkable moments from her historic rain. check the markets real fast, down just real's up 200 points after a half-hour's worth of business and the nasdaq is up 163, continuation of the rally and may end the week in the plus column. the 10 year treasury yield coming in this morning at 3. 30%. the price of oil nearly $86 a barrel and bitcoin is back to $21,000 a coin. that is the markets this first day of king charles's rain and now this. the passing of england's queen has the attention of the whole world, she had no real power, she couldn't command anything. she was always there. always there no matter what was going on the queen was on the throne even though britain has

gone through dramatic change she carried on. don't be surprised if the brits are anxious, charles is quinoa country to thrown into turmoil, a brand-new prime minister only days in office, a full-blown economic crisis getting worse by the day and the royal family is split, prince william is estranged from his younger brother prince harry and kate middleton doesn't have much time for megan, the duchess of sussex, charles has a tough job but that is the job. be there, be a symbol of unity, don't take political sides, don't engage in politics at all. that may be difficult for charles, he is a climate warrior, he is uber green and takes the throne just as britain has an energy crisis in part the result of green policy. i am a very happy citizen of this constitutional republic the united states of america, we don't need a king over here but over there, queen elizabeth

made monarchy work. a royal commentator joins me now. appears we are off to a good start with his meet and greet outside the palace doing well so far. >> made an effort to spend time with the british public, clamoring for his attention, a feeling of continuity during this surreal and on sensitive time. stuart: what happens with harry and megan? in our last our we are talking with another royal watcher, he thinks charles should strip them of their titles. what do you say to that? >> it is a sideshow, that is what is really going on, the monarch and ushering in the new era of charles. don't need to make any rough decisions.

can't imagine the first full day since winston churchill in the 1960s. a huge event and we are seeing every member of the royal family and many others. stuart: the mood in britain was rammer's hopper yesterday as the news was sinking in but seems to be lighter this morning. i see some joy on the faces of thousands outside buckingham palace, a whole new day. >> during any time of grief people take solace in community. one of the reasons we see extraordinary gatherings at buckingham palace, people want to be together and grief together and the british spirit, they have a sense of humor and the queen exemplified that, things that are

repeatedly coming up in remembrance, the sense of humor she was known for. stuart: do members of the royal family all have to move houses now? king charles goes to buckingham palace. what about prince william? do they move from palace to palace? >> it won't be a fool -- prince charles lived in the house across green park within a distance from buckingham palace causing britain's monarch in the palace, traditionally, to move over there, and it will become windsor castle but william and kate have moved to winslow, william is the direct heir to the throne, will need to be close to charles, shadowing him as the next king.

stuart: william's son george is now more directly in line for the throne. will he go to a regular school? >> yes. all three of the children just started school this week, many american children, one of the reasons the duchess of cambridge didn't do that yesterday, now -- trying to keep as much continuity as possible. stuart: word of the day, continuity, a good word. thanks for joining us, we always appreciate it. come and see us again soon. the car company jaguar in britain is pronounced jaguar. jaguar land rover, they are paying tribute to the queen who had extensive car collection. what is the company saying? lauren: a lot of jaguars, land rovers, the limousine, before

she was a royal she drove and fixed as a mechanic in the army during world war ii big large trucks. blue one she has always been a royal but wasn't queen. in world war ii she fixed trucks. i interrupted you. lauren: you find tuned it. this is what jaguar said, the passing of her majesty the queen made everybody deeply saddened. thoughts and condolences to the royal family. it is the platinum jubilee this summer, gifted her a defender 130 suv and that is when we started to see that she slowed down, had mobility issues and shocked by something we have seen and i go back to when her husband passed last april april 2021, you saw a different queen, she was showing her age at 95 and happy she got to

celebrate and the world got to celebrate her platinum jubilee but that is when we started to see her age. 96. stuart: 96. moving onto the market, back to the markets. i believe, the dow is up 270, nasdaq up 170, not a bad rally, the gentleman's name is kenny polcari. what is your outlook for the rest of the year? >> i think we will rally to the end of the year, i think we will test a little lower and rally into the low 4000s, where i think we will end the year. that being said i don't think we will test new lows but we might get close as we move in to september and earnings season which starts in a month.

stuart: dan ives, you may have seen him on the show a few minutes ago telling me big tech could go up 10% or 15% from where it is now, talking about apple, microsoft et cetera. you think that will happen? no big rally for big tech? >> those are safety plays, if you want stability and safety those are the names to go with because the dividend payers pay and change the world they are names i own. i would buy them on weakness but i would think the market will come under pressure and tech stocks will get hit a little bit again. i think they will all rally to the end of the year, you have a chance to buy them cheaper first. blue one at the risk of boring everyone i will ask you like i ask everybody else, what is wrong with buying and holding a two year treasury, hold it to

maturity, milk it for 3.5% interest, small tax break, what's the problem with that? >> no problem with that, you get your money back in the end and get whatever it is at the moment and have some stability, if you're the kind of person who gets nervous, in a chaotic environment like we have at the moment, no reason not to do that. it depends on who you are in the cycle. stuart: not good for you and your line of stock market. >> it is good for you. stuart: i hope so. thanks very much for always being with us. you are always there and that is a good thing. you have a great weekend.

>> you as well. stuart: back to tesla, stock is up nicely, 2% higher, shaking up leadership in nevada. lauren: they make the batteries, key and put in the cars. bp of operations chris lister is leaving and will be replaced by a bushy cigar who also oversees the california manufacturing plant that assembles the cars. he's pulling double duty, in charge of both operations, the batteries and nevada that supply the cars from california. and 14,000 cars per week, 2000 more than currently. out of one plant. stuart: i see teslas everywhere these days. if you go out west they are all over the place, new jersey, new york, massachusetts. lauren: where the price of gasoline is high and some tesla models get the tax credit so you might see more.

we what are you need is charging stations, dan ives likes it and they reported and are up 19%. stuart: lauren: cybersecurity and wells fargo like it. they are built for this type of environment, budgets are tightening and they want to cut costs. $183 is 225. stuart: what is with caterpillar? the top performer of the dow 30. stuart: construction and mining equipmentmaker, we just settled an inquiry that settled 9 years including no penalties. stuart: they are settled, no penalties, stocks off 3%. >> investors say that overhang. >> as soon as they read the word subtle stocks are up. what is happening with peloton?

>> they are going to $24, given by rating, all these actions getting rid of the white gloves, raising sub prices, living with a manufacturer are catalysts to key inflection took a positive cash flow. stuart: we shall see. you never got peloton. . i need to work out in a class where people look at and i show up. otherwise i will slack but i do own a home. stuart: expecting all of this. lauren: i have to be in the middle of the class. stuart: we try to be entertaining on this show. lauren: no one cares about my work out or not work out. and when they do now. tributes are pouring in around the world, the longest-serving monarch in british history. >> not just london that is morning today but the entire

world. we are going to miss the queen a lot. of the one in a couple hours king charles iii will deliver his first address to the british people. massive crowds gathering outside buckingham palace, we will take you there momentarily. they customize your car insurance, so you only pay for what you need. and by switching, you could even save $652. thank you, liberty mutual. now, contestants ready? go! why? why? only pay for what you need. ♪ liberty. liberty. liberty. liberty.♪ another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions

all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism,

optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo.

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me.

stuart: i like the look of this, friday ending the week, we've had three down weeks on wall street but this week looks like a winner. the down just real czar up 300 points, the the nasdaq is close to 200 points. that's a solid rally and it has been solid all morning, see how it closes. britain's new monarch king

charles iii is back at buckingham palace. he will deliver his first address to the bridge people in a few hours time. alex hogan is outside buckingham palace. the crowds are gathering all morning, tens of thousands of people paying tribute to the queen. is it a joyful mood right now? >> reporter: different emotions, the crowd has continued to grow, there are people who want to come out simply to be a part of this monumental historic day. there are people really saddened but also celebratory of how long queen elizabeth ii lived and the fact that they lived under her rain for so many years. there's the devastation of people who hoped she could have been the queen for much much longer. she was the longest reigning british monarch, 70 years on the throne and tributes throughout the morning for her majesty, bells ring for an hour

around the country. there was a salute. 96 times the one for each year of her life, she took the throne in 1952. she was 25 years old at the time of the death of her father king george the sixth. during her coronation millions of people watched this live in 1953, the first time television outnumbered radio listeners. her death is elevating prince charles to king. king charles the third, age 73 compared to when she took the throne at just 25. this is elevating the rest of the royal family members taking them closer to be next in line for the throne. charles iii starting stepping in for his mother increasingly over the last year when her health started to take a decline. now that he is king a few things need to take place. he will have to go through the coronation process. that will not take place yet. a lot needs to be set up before

then but there will be a counsel that will meet at st. james palace, the royal family and counselors and the prime minister, who king charles the third will meet with later and address the nation and people are back here celebrating and morning the queen. surprised and shocked, the first day for so many people living their life without this symbol of british tradition. >> never known anything different. she has been queen all my life. it is going to be huge. >> really sad but pleased she went quietly in her sleep. >> to pay my respects, quite a sad day, isn't it? for more than 70 years. >> reporter: that constant, that simply is no more. there are people here who are deep-seated royalists who support the monarchy and

everything it stands for, there are some people who do not support them anarchy but pretty much everyone i talked with has a similar stance of supporting this one woman, this symbol of british tradition and she did not want this to be about the individual, she said it was about the institution. people out here today are morning this one person who lived such an incredible i she dedicated herself to service. stuart: incredible life, exactly right. alex hogan, thank you very much indeed. queen elizabeth appeared on the world stage constantly, the first to be televised. she met 13 sitting presidents of the united states and spoke of the strong bond between britain and the us. tammy bruce is with us, could the queen of england be a role model for american women? >> he is a role model for all of us, americans love her and

there's a reason for that, not just the constancy but the position itself, how she handled herself. a commitment to her country, a commitment to her family, to tradition, to values, her christmas message 57 talked about, completely relevant for today, despite the fact that the world is changing it doesn't mean we should abandon our ideals or abandon our principles are the values we hold important when it comes to family and faith, that is something all of us can relate to and it was her manner, her ability, her biggest accomplishment was maintaining respect for the monarchy in the midst of everything going on in the world from world war ii through the modern age. if that is not a role model for what women can accomplish, a quiet power, a presence, the

ability to deal with every major power in the world, not just the united states and having good relationships with those individuals but not being abused, being respected and being treated like the leader that she was. stuart: you worry about king charles and his ability to stay out of politics. >> she ascended, nobody thought the family would be involved because they were second in line so she moved through without thinking she would have a normal life. charles has known what his position is and has been an activist. he has been vocal about things like climate change and what we need to do and people have not like the great deal of what he said, some people like it some people don't. you really never knew where she stood. she was a christian but she never alienated -- a remarkable achievement a anyone in the sense of what the politics are

even though she was powerful and influential. he has got to restrain himself and i don't know if he can do it. i hope he does. stuart: i wish him well. come on in please, you and i have often talked about this, we were born and raised in england, now americans in america and we have often talked about the difference between britain and america, to me i think of america as a dynamic, american dream kind of place where it is a meritocracy, you rise as far as brains, talent and drive can get you, britain was in my day of class-based society, there was a ceiling put on you. i still feel the same way today. how about you? ashley: i do but not as much. wasn't it george orwell who said there is no, forget, the

most class ridden society under the sun is how he described britain and that was 80 years ago and he was probably right at that time. it is still about your accent and the schools you go to, that produced the captains of industry and the future prime ministers but what i find interesting, there was a story on this recently, funny you should bring this up, younger people, millennials look at income as more of a definition of class. in other words a top footballer in england these days who has a high salary is considered upper-class which is a shift to the old class lines based on the way were brought up, and so on. it has changed but i think it is there beneath the surface. stuart: glad we had this out. we do agree. bring you back later on.

a councilwoman in washington dc admits we got a crisis at the border but she is blaming on the governors of texas and arizona. >> the governors of texas and arizona have created this crisis, we don't know how long it will take to resolve, don't know how long they will continue. stuart: arizona and texas to blame? student loan borrowers shouldn't bank on forgiveness just yet. one republican attorney general fighting to block biden's bail out joins me next.

moving forward with node- positive breast cancer is overwhelming. but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning,... as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell... ...while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain,

and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain, and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. i'm making my own way forward. ask your doctor about everyday verzenio.

stuart: britain has a new prime minister and she just tweeted honoring the queen. i will show it to you. on behalf of a grieving nation i offer my deepest condolences on the passing of her majesty. she was the rock on which modern britain was built. the thought of this government and this nation are with his majesty the king and his family. trusts will mutually with king charles at buckingham palace. we will take you to that shortly. more than 740 migrants have

died at the southern border since october. border agents just made a massive drug bust see using 100,000 fentanyl pills. garrett 20 in your past, texas. the border is out of control. what is going on today? >> the situation is not getting better. across-the-board everyone is expecting it to continue to get worse. for one thing, it means more groups like the large one we saw yesterday expect to come across, this group of 500 is the largest we've seen in months. mostly single adults from venezuela and colombia with a handful of other countries and more groups like this are expected over the next few days and things getting worse means more scenes like this one anytime there is heavy rain. >> jump in, jump in.

>> reporter: 13 people drowned in the rio grande last week, if not for the work of border patrol agents like these, that number would have been a lot higher. law enforcement is also seeing at least a couple car chases a day involving human smugglers like this one where the driver eventually pulls over and everyone packed inside bolts as officers approached the car, the amount of drugs coming across the border is unreal. border patrol in del rio seized the largest batch of meth in the nation's history when they found $12 million worth of meth hidden inside a diesel tank container on a semi truck. again, that is one drug bust on one day at one port of entry to give you a small idea what it is we are all facing with this crisis at the border. stuart: you've given us a full view of what is happening at

the border, thanks very much. a sitting member of the washington dc city council is blaming arizona and texas for turning her city into a border town. watch this. >> the governors of texas and arizona have created this crisis. the governors of texas and arizona have turned us into a border town. we don't know how long this will take to resolve, don't know how long they will continue this. the federal government is not stepped up to assist the district of columbia so we along with our regional partners will do what we have always done, we will rise to the occasion. we want texas and arizona's fault, the attorney general of arizona joins me now. it is all your fault? >> as folks are member the queen let's not forget the great english playwright billy shakespeare who famously wrote the fault, dear brutus lies not in the stars but in ourselves.

this is a washington dc problem, so washington dc should start experiencing it as border states have done for the last year and 1/2. we all know washington dc is out of touch but apparently folks on the city council are out of their minds. stuart: i have never heard william shakespeare referred to as billy shakespeare before, but you are the attorney general of arizona and you can call him what you like. i want to change the subject and talk about biden's student loan handouts. i believe you are saying borrowers, don't bank on forgiveness just yet so what are you planning? >> i have taken on the higher establishment and arizona. i've seen the numbers skyrocketing tuition and we know the last 20 years when you look at other consumer goods adjusted for inflation weather is tvs, phones or appliances, going down or staying the same, education has gone straight up. the question we shouldn't be asking is should there be debt

forgiveness but the question everyone should be asking whether democrat or republican is why discussed so much to go to public universities? they stifled competition, stifle innovation, don't allow community colleges to offer 4-year degrees so if you are a borrower it is unfair economic policy for someone making wondered $25,000 a year to get debt forgiveness when my ac guy had to pay for his own trade school or the person who drove the truck that brought the groceries to my grocery store today also had to pay for that so it is fundamentally unfair, no one should bank on it because no president has the authority to unilaterally start forgiving debt. we when you are going to court to stop him with the stroke of a pen shelling out half a trillion dollars, going to court to stop this. stuart: we want to. >> i see the university before, big question among lawyers is i

have been successful in suing the biden administration, stopping him rescinding title 42 but every time we've sued the biden administration department of justice we use every procedural trick up their proverbial sleeve to get it thrown out of court so we have to make sure we have a good legal theory to survive a standing challenge because that is what the biden administration will do is they will say he, like a king can do whatever you wants and no one can challenge them so we will make sure there is solid legal theory so we cannot only take him on but when and stop this transfer of wealth. blue and kings are okay over there but not over here. appreciate it. student loan forgiveness we believe will not trigger federal taxes, but some states may recognize cancellation of debt as income. let's get an explanation. in plain english, does that mean student loan borrowers who

have forgive and some of their loan may have to pay some taxes? >> these are the 7 states according to the foundation already confirmed, the state income tax and county tax, ditto in mississippi, likely in north carolina, arkansas, california, minnesota and wisconsin, why these -- their tax policy does not align with federal policy. they have to set the rules for student loan forgiveness. stuart: there may be some tax involved. the university of princeton just announced it is extending its pledge to cover the cost of college for some families. what kind of costs are covered? >> it is free, tuition, room, and board if your family makes $100,000 a year starting next fall. it if you make up to $300,000 a

year it is not free but instead of being $65,000 a year to go to princeton it will be $50,000 a year. this is generous. they have a huge endowment, they see what is going on in the country, how people feel about higher education so that is what they decided to do. of the one that is very interesting. i wonder if anybody else will do it like harvard with a huge endowment. >> $65,000 a year to go to college, the prices are astronomical. granted i do not pooh-pooh higher education at all, you have a princeton degree you should be able to get a great job and many of them do and go on to do great wonderful things but that is a lot of money. stuart: i have six children, i know all about college. classes in seattle, the school district there, canceled again, teachers continue to strike despite getting a 6-figure salary with benefits. our seattle guy, jason rantz has details on the teachers strike in seattle.

from a dynasty of corgis to victorious racehorses the queen's passion for animals well-known, the life and legacy of the uk's most famous animal lover, queen elizabeth ii. you've put your dreams on hold. remember this? but i spoke to our advisor, and our vanguard investments are on track. “we got this, babe.” so go do what you love. thanks for being our superhero. only at vanguard, you're more than just an investor—you're an owner.

giving you flexibility to follow your dreams. that's the value of ownership. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no once-daily copd medicine... has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy.

ask your doctor about once-daily trelegy, and save at trelegy.com. i'm a performing artist. so a healthy diet is one of the most important things. i also feel the same way about my dog. we were feeding her dry, triangle shaped ingredients long as the yellow brick road. we didn't know how bad it was for her until we actually got the good food. we got her the farmer's dog sent in the mail. it was all fresh, when she started eating healthier, she started being more active and smiling more, running more, playing more. i want my dog to have a healthy and long life. the farmer's dog really helps that out. see the benefits of fresh food at betterforthem.com (woman vo) sailing a great river past extraordinary landscapes into the heart of iconic cities is a journey for the curious traveler, one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a serene river voyage on an elegant viking longship.

learn more at viking.com

stuart: classes in seattle canceled again today. teachers on strike. they want more pay, mental health support and better staffing ratios. our seattle guy, jason rantzthey make $131,000 year including benefits. how much more do they want to? >> could question. they will try to get as much as humanly possible. the problem is over the course of the last two years not only have they been paid much more

than they were in the past because in 2019 was the last time they renegotiated the contract but at the same time enrollment has gone down so kids are leaving and funding to schools is tied to enrollment so they are basically saying we are not doing as good a job as we have in the past and yet we are still asking for more but it is $101,000 with benefits but let's take that completely out of it. 40% of teachers, the scale for just the salary is $60,000 for brand-new teachers, 120 incomes. the idea that they are not getting paid very much is not accurate. everyone agrees they do good work but this is a lie to claim they are underpaid. stuart: you say people are leaving, enrollment is down. any idea how much. how many young kids are not in seattle schools that rivera

couple years ago. >> you have 4,000 families that decided to leave over the course of the last couple years. some of that has to do -- in the private sector, private school enrollment and homeschooling went up because of covid lockdowns. i've spoken to a lot of parents who don't like the curriculum and direction schools are going, going into blm stuff, gender identity stuff and the controversy about homeless encampments that were on campuses and the school board failed to clear them. that pushed parents out. stuart: not surprised at that. the mayor of portland is pleading with residents to stay in the city as more people move out. he says we are starting to see the positive results. this isn't the time to pack up and quit. i want people to work with us, not get mad and leave, get mad at me, scream at me but work with me. your reaction to that?

>> they've been trying to work with the city for years. this is not all of a sudden a new homeless crisis that has been happening overnight. this has been an ongoing issue at not just homelessness the that is a context you were speaking but crime. people have been pleading with the city do something, please address this, come up with policies that don't just allow homeless people to hang out wherever they want to hang out and don't say we are going to defund police and then not enforce the law and at some point families are going to have to make the decision as to whether or not it is worth waiting and working with this mayor and a lot of them are saying no and i can't say they lame the. of the one portland, oregon, seattle, washington state, all seem to have real problems with crime and education. it seems to be concentrated. what is going on? >> in this region folks are

unapologetically liberal and so far to the left the they have blinders on and they either justify the damage they are causing because they think in the long run there's going to be some good or they are so blinded they don't see anything that is happening so they are not paying attention to the consequences and people who wake up make the decision like they are in seattle and portland. stuart: jason rantz, we will be with you in the future. as we approach the 20 first anniversary of the attacks on 9/11 we look back at a historic moment when queen elizabeth stood in solidarity with the united states. rob o'neill will take it on. ♪

another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. 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.

first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. stuart: earlier this morning we told you about the premier league soccer canceling all

games this weekend. i know we are disappointed but any other postponed events? ashley: golf, the pga tour has been put on hold. it may resume tomorrow but not today. cricket, there is a test match between england and south africa and horse racing has been canceled. horse racing is popular in the uk and was the queen's favorite sport. i was reading what the executive of the premier league said, this is a sad time for the nation and for millions of people around the world who admired her as we join together with all of those morning her passing at the sport organizations, it is up to you individually, these sports don't want to take up police resources, they want to air sports during this period and what is the mood of the public? that is why we are seeing so

many cancellations in the sports world right now. ashley: this sunday marks the 21st 21 years since the deadly attacks on september 11th. following that tragedy queen elizabeth broke tradition and ordered the star-spangled banner played outside buckingham palace as a sign of solidarity. watch this please. ♪ [the star-spangled banner] ♪ stuart: let's bring in rob o'neill, the navy seal who killed usama bin laden. do you remember that happening? the star-spangled banner outside buckingham palace? >> of course i do and it says something about queen elizabeth.

she has always known about solitary going back to the fact that she wore a uniform when the alliance was fighting the nazis, when she was a princess she met president harry truman, when she was the queen she met president eisenhower. winston churchill as prime minister, she knows how important it is and she was brilliant enough to realize it wasn't just lower manhattan that was attacked, it was our entire coalition and it was incredible that she did that. it was never about her and what she could get out of it. she once said something like i can never lead you into battle but i can give you my love and devotion and that is the way she was. stuart: she gave her people her heart. what are your thoughts as we near the 21st anniversary of 9/11? >> people need to really concentrate on what is important. little things in life aren't as

bad as you think they are especially saturday night on the 10th, hug everyone, kissed everyone you love. you need to realize stuff that is important can vanish in the blink of an eye. i don't want to to happen again. member the basics, remember family and friends and be good to one another. stuart: 30 seconds for you to tell me about your podcast call the operator, give me the 30-the second pitch. >> people who do stuff are the operators, the trash man who never gets credit at 3:00 in the morning for keeping the place clean out the mom who keeps the family running, i was an operator, two other operators and that's all of us. stuart: that was pretty good, 20 seconds, where do i find podcast? >> the podcast is everywhere, spotify and you can find it on social media, youtube, spotify, rob o'neill, thanks for joining

us. still ahead, steve hilton, and roy murdock, 7 decades queen of sabbath range with stability and grace, she was loved by all. role tape. >> i will continue to treasure and draw inspiration from the campus kindnesses shown to me in this country and throughout the commonwealth. thank you all. stuart: in june of this year. we will have continuing coverage of her life, her rule and the future as her son, king charles iii takes the throne. ♪ at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies

designed to help you keep more of what you earn. this is the planning effect. go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson.

as a main street bank, pnc has helped over 7 million kids develop their passion for learning. and now we're providing 88 billion dollars to support underserved communities... ...helping us all move forward financially. pnc bank: see how we can make a difference for you. >> this is a sad moment for great britain, and the bridge people, you see kanga charles embracing his new role, stepping up where his mother left behind. i like this idea of the king being the people's king. >> redefining the monarchy for the 20 first century. king charles is popular. how he defined that now is the

next big step. >> this morning i got up early, went to the oldest newsstand in london, people talking about the new king -- >> people want to brief together and it is certainly a keen sense of humor. stuart: good morning, it is 11:00 eastern time, september 9th which left-hand side of the screen, buckingham palace, home of the queen and now home of king charles iii. huge gatherings to honor queen elizabeth. her son the new king, charles the third has arrived at the palace, he will address the nation for the first time as king in a couple hours. we are looking back at the life and legacy of queen elizabeth ii throughout this hour but we are a financial program as well as politics and culture. let's look at the markets which i will call data solid rally coming at the end of the week,

the dow is up there hundred 68 points, better than 1.1%, the nasdaq doing very well, near 2% gain with a 200 point rally. show me big tech where the money is and where the action is too. we've got meta up 3.5%, microsoft 2%, amazon almost 2%, same with half a better and apple. significant gains but big tech today, the 10 year treasury yield coming in right now at 3. 29%, that 9%, that is the market. now this. . when the news came the queen elizabeth had passed i found it hard to adjust my thinking. she has always been there. the only monarch most brits can remember. she was in my earliest memories. her coronation in june 1953 was televised and my mom and dad bought a tv for the location. the first tv on our street and the whole street came to watch. i have this enduring vision of

30 or 40 people crowded into a tiny living room trying to watch a flickering black and white image on a tiny 14 inch screen. in 1970s i wrote as a reporter for radio.com, she came from a royal tour and i was assigned to cover it. we were in our of her. i was standing in a crowd as she toured an exhibit. as she came closer to at the crowd backed away, we are backed away. this was the queen of england just a few feet away. she had the military, economic or political power yet she had impact like no one else. this expression, you can take the english out of england but you can't take english -- england out of the english, how true that is which i've lived in america nearly 50 years and i am, i believe thoroughly american but i am saddened at her passing. she was my queen. restrained, constant, kind, and

she knew her duty, virtues all americans can admire. that is "my take". what do you say, steve? your thoughts on day one of king charles's rain? >> i completely agree with everything you said. i can relate to that. my equivalent of your story was in 1977, the silver jubilee, the 20 fifth anniversary of her accession to the throne, we were given the day off school, i don't know if that is with you today and he grew up around there as well, we were led out of school to go see the queen. i remember peering through the crowds, remember what she was wearing, you never forget that and had the honor later on when i was working in 10 downing street to meet her in person on the occasion of the ninetieth birthday of prince philip when she and prince philip came from downing street, very rare a head of state would go see the head of government rather than

the other way around. looking ahead it is encouraging to see the scenes today in london where the new king is being greeted very warmly but i would say he has got a huge challenge to unite the country behind him the way she did because the love and respect was for her much more than the institution of the monarchy lucci has been a controversial figure, he has weighed in on political matters, he has views that actually if he expressed them as a politician in america would be highly controversial particularly climate change, he has two things going for him. number one, everyone understands the best way to honor the queen and her memory and her life is to support the new king because that is what she would have wanted. that is very powerful. the second actually is camilla.

i think that she in some ways could be his real strength, she has established a real rapport with the british people. i think they are starting to like camilla for similar qualities that you can see in the queen. he's got some advantages there but also huge challenge to get that kind of respect the queen built up over her extraordinary rain. stuart: there's another challenge that is unifying his family. we have a estrangement between william and harry not to mention kate middleton and megan markel. how does he bring that family together? that is a real challenge. stuart: it is. on a human level one would hope this would bring them together as a family, seeing some signs of that, none of us really know, there has been a lot of interest in that but i would hope the focus on the qualities

and virtues you touched on that the queen represented, and on top of that list selflessness, the fact that if -- not everyone shares this, her understanding that if you are in a leadership position as she was it is not about you, it is about us, we the people as we would say in america and that servant leadership that she up a demise to. i would hope all the focus on that in the tributes to her might make some members of the boyle family who haven't quite example to hide that might make them think a little bit about their behavior going forward. stuart: maybe so. when you popped up on the screen a couple minutes ago i didn't recognize you. i've never seen you in collared shirt and tie. good for you, steve. i think you have shown respect and we admire that. i hope you will be dealing with the queen, and king charles on

your show, the next revolution, 9:00 on sunday night on fox news, we are looking for it, see you later. i keep saying we are a financial program, we do have to cover the markets even on a day like this and who is here? jonathan koenig, the man himself. i read your stuff, i know what you are saying, do you really believe gaetz one, the new prime minister can turn britain into the hong kong of europe? that is what you are saying, i can't believe that. >> britain needs a turnaround to. our thoughts are with the royal family if this morning, the british people, what are determined as leader and england is still a leader in the world economy, this is not a small economy at all. a lot of potential not only for the english people but british stocks which have been massive underperformers and the etf that tracks british stocks is down 50% over the last five

years so i have faith in liz truss that she can put the bridge economy back on track, separating from the you but he did but kept the you but he did regulations. that on britain. stuart: what do you make of the british pound? i think it is a 40 year low against the us dollar. >> it is a problem for the bridge, great for us who earn dollars. is a hamper on the british economy which that is another area american investors looking to diversify could take a look at the etf like ff be that tracks the british pound. these are undervalued assets, british american tobacco, etr, things are very cheap compared to almost any other market in the world. stuart: that is to buying, basically. extraordinary depth and you are saying to buy that. what was the currency one

again? >> fx b. you want to do your own due diligence to track the british pound, 7% dividend, there are risks and stocks go down but if you are looking to diversify don't look to that. look to these true off the radar things like the british pound and the british market and the queen and other opportunities as well. stuart: fx b. i didn't know about that but i will remember it. thanks very much. looking at the movers and icy shopify 7%, we will take that. >> reporter: e-commerce helps them setup their website, there's an exec of shakeup shaking so don't roll your eyes, i will ask ln. morgan stanley investment bank, the new cfo. stuart: why should i roll my eyes?

lauren: it signals shopify might be different for companies. they are in cost cutting mode, laying off 10% of their staff so this is a shift potentially in and mandate. stuart: i'm not going to roll my eyes. what is with in phase energy down? lauren: they are up 73% this year and the guggenheim says you've come too far too fast. stuart: we dealt with them yesterday, they are up again today. lauren: a 22% gain in two games, morgan stanley looked at those positive -- the drug trial and this is follow-through. a nice two day again for regeneron. stuart: it is not absolute blindness. there are forms of blindness. lauren: i believe. lauren: blindness treatment,

however it is. stuart: thanks. the president is headed to ohio today. intel is breaking ground on a $20 billion semiconductor plan, leica victory lap like passing the chips act. queen elizabeth, a source of strength to her country throw out her life. >> remember it will be for us, the children of today, my sister is by my side and going to say good night to her. come on, margaret, good night, children, good night, and good luck to you all.

your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire bubbles bubbles so many bubbles!

as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are.

pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line.

when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you.

stuart: left hand side of the screen buckingham palace, hundreds of thousands of people gathering to pay respects to the life of queen elizabeth. deroy murdock, you are an american. how do you feel when you look across the pond and see a new king of england? it is a republic, you're looking at a monarchy? >> a tremendous sense of warmth, for the departed monarch of the uk, they subjugated us for so many years, to medicine outpouring. what an amazing life to be a world war ii truck mechanic and survive covid and think of all

she experienced. there have been terrible kings of england, despite your wonderful accent and american citizenship, we get paid to state our opinions and qe2 spent 70 years not especially her opinions not telling anybody what she thought about the issues of the day. we could do that for they were two and then explode. the other question, king charles iii, can he keep his big mouth shut? it will take every strength, all the fibers of his strength to do that. i'm not going to chime in on these topics. stuart: your point is well taken because prince charles attended the glascow un conference, was very much a part of it. now he is the king. he can't do that, shouldn't do that. >> might he say i am the new

king and redefined with a monarchy is and chime in on political issues which it is not supposed to do but this is a matter of tradition. there is no law that says you have to keep quiet about things being debated. stuart: he could be held responsible for the failure of britain's green policy. he helped write a that policy. it is a gross failure they are trying to get out of it now. >> this will blow up in the face of the monarchy, the real test is whether he can follow his mother's model, govern and preside, state preferences and opinions. stuart: forgive me for commenting on your appearance, but you are wearing an anglo-american flag, the tie pin -- >> has little crown on it. the house of lords cufflinks.

stuart: you are a good man. you are a good man. president biden says he will attend the queen's funeral. the president is headed to ohio. jackie heinrich in columbus, the president is treating this as a victory lap. >> this is the site of a $20 billion investment, in a manufacturing facility, employee 3000 people and reduce 7000 construction jobs and union jobs originally slated, this groundbreaking for july, and since it did, the president is heading here to tout this ahead of the midterms.

>> president biden: the chips act is a gigantic investment, that will create technologies for the future. >> reporter: the biden victory lap comes as ohio voters are looking at a pivotal senate race, jd vance and tim ryan both vying for rob portman's seat. may the president's lagging poll numbers some democrats are reluctant to campaign alongside. ryan kept his distance and though, distancing himself from the president, biden is not tough enough on china, he's not in enough on gas and energy, ryan described himself as campaigning as an independent and when asked whether he should seek a second term, he said this. >> my hunch is we need new leadership across the board, democrats and republicans, time

for a generational move. >> reporter: similarly vulnerable democratic congress woman marcy captor wouldn't say if she's coming to this event, be despite coming in june and since august slamming the administration saying the president's solar manufacturing jobs are undercut by china. she's fighting back against it by working with republican senator rob portman. speaking to portman earlier here, republican members of congress, they are a little bit leery watching to see what the president says because this is an official event, not a campaign event, watching to see if he does the ultra themaga stuff. stuart: can he resist making it a campaign event, not so sure. we will see you soon. show me tesla, stock was up early rent is up now. they want to build a lithium

refinery for ev batteries. >> they want to secure supply of a key material, and electric vehicles and secure the tax credit. so hard to source most of it comes from china. you can process -- process it here, i was talking to david, doug cohan, about these tax credits. for consumers, if 40% of battery materials are processed in america. it is not the mining, it is the processing, you get the credit. stuart: the inflation reduction act of 2022. back to the markets please, looking at a market that may

just snap a 3-week losing streak on the upside to the tune of 300 points on the dow, nearly 200 points on the nasdaq. look at big tech leading the rally earlier on the show, dan ives expected 10% to 15% run up for big tech by the end of this year. then there is this. the queen is remembered as a symbol of strength and comfort to england but as historic as she was she wasn't afraid of making a joke. or member when she toasted the prime minister of canada, roll tape. >> thank you, mr. prime minister for making me feel so old. stuart: i love that accent. more on the queen's life and legacy after this. ♪

another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both.

with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. it■s hard eating healthy. unless you happen to be a dog. ♪ ♪ ♪ ♪ ♪ ♪

stuart: we are back with a quick check of the markets. i see green, dow is up 320, nasdaq 211.

a great moment between the queen and prince william. the queen notices william standing at the military parade. he couldn't break ranked but also couldn't help but smile at his grandmother. prince william said this is one of his favorite moments with the queen. prince harry had a similar experience with another in a military parade. they had a military career during world war ii, 1945, the first woman in the british royal family to serve in the here, jennifer griffin is with us. the queen led the military for 7 decades. >> queen elizabeth the second's 7 year reign began in 1952 when harry truman was president of the united states, she met every us president since with

the exception of lyndon johnson, portrait of stoicism and resilience. >> during her reign queen elizabeth ii served as the colonel in chief of 16 british army regiments. she was the first female in the royal family to serve on active duty in the british armed forces. she's the last surviving head of state to have served during world war ii. step number 13th 1940, five bombs were dropped by german warplanes on buckingham palace. rather than flee the city queen elizabeth's father, king george the sixth, and her mother, remained at buckingham palace to show solidarity with londoners living through the blitz. princess elizabeth was 13 years old when war broke out on september 3rd, she and her sister like 2 million other british children were sent to live in the countryside to protect them from the air raids. >> when peace comes, remember for us it will be the children of today, my sister is by my

side, and we are both going to say good night to you. come on, margaret. >> good night, children. >> good night, and good luck to you all. >> reporter: she experienced the people in europe, the end of the cold war and a changed global national security environment, the nature of war changed during her reign but the threat to stability remained constant. ♪ >> reporter: on september 12th, 2000, one, 24 hours after 9/11 queen elizabeth ordered the us national anthem be played at the changing of the guard outside buckingham palace, nothing like that had occurred in 600 years. she later paid her respects at the 9/11 memorial in new york. in 2020, queen elizabeth visited the headquarters of britain's mi 5 dimmest expired agency to thank her country's spies. >> when responding to threats

from the nazis or the cold war, domestic terrorism, you have always demonstrated the utmost commitment. >> reporter: even in her 90s she recognized the shifting nature of the threat facing the united kingdom, inaugurating london's new cybersecurity center in 2017. >> queen elizabeth ii oversaw the british military for 7 decades. she grew up during world war ii and died as europe faces the possibility of another war waiting to expand across the continent as vladimir putin seeks to change the map of europe. jennifer griffin, fox news. stuart: an extraordinary life span. a royal watcher, you have been watching the royals for years. do you think charles can be a popular monarch?

>> pleasure to be with you. don't know that he will never be as popular, nor can anybody step into the shoes of elizabeth the great. we know that the polls, 47% approval rating whereas the queen has always enjoyed over 80% approval rating as has prince william. i don't think that will be anytime soon. however, he has gained a lot of respect from the british public, for their dedication to duty over the previous years, recent years. they have not wind, they have not focused on themselves. they have not complained, they have not ever stopped serving people and that has gained more popularity than they had 25 years ago. stuart: we've been showing our viewers the scenes outside buckingham palace where king charles going down the line meeting the people, kept at it

for quite a long time, seemed to be enjoying it and the crowd responded, seems to be after a good start in terms of public relations. >> absolutely. that has not happened in previous, it wouldn't happen if anybody dared to do that but when michelle obama made the ghastly mistake of putting her arm around the queen, the queen didn't shut her, she responded with a warm gesture back to michelle. when the queen visited washington dc, famously there was the large lady of color who embraced her and the queen took that in stride, the queen was warm as well. to answer your question about prince charles, let's bear in mind who was outside buckingham palace, supporters, not detractors, what will happen after this 10 day morning period. stuart: do we know when the coronation will take place? not until next year.

>> operation london bridge, dj was the day after, d-day one, 2, 3, through to 10 but we don't know announced date for the coronation but we know queen elizabeth's funeral, president biden will be attending. stuart: we really appreciate it on a day like this. i want to bring ashley back in. what is on your mind about the queen? at this moment? ashley: it is a different day, there is sadness and tributes to the queen but watching king charles outside buckingham palace, is becoming a little warmer, more grandfatherly than he was in his younger years, he has always been very stiff and reserved about one thing i

always remember, he doesn't want to live in buckingham palace, not very keen to base himself there and his mother, queen elizabeth, with philip, in 1952, she was very hesitant to move to buckingham palace. guess who came in and said you are moving? the monarchy belongs in buckingham palace, it was winston churchill. i think prince charles is going to have to suck it up but he talked about reducing the number of rooms in buckingham palace, it's too big, try to streamline the building itself. we will see how he changes things as he gets his reign underway. stuart: i have been amusing some of the people in the studio with a trivia story about the queen's coronation in 1953, but guess who was a choir boy in westminster abbey,

coronation of queen elizabeth in 1953? everybody knows this name, you will be really surprised. >> is that a famous singer? stuart: yes. it is keith richard. stuart: i was close. can you believe that? keith richard. >> i heard that story 5 times. ashley: stuart: i am boring my colleague. i thought the audience might appreciate a little trivia. for we get to the friday trivia question. thanks very much. here is what is coming up later. san francisco's business district, slowest in the country to bounce back after covid. rampant crime for that. susan lee reports from san francisco and we continue to render the queen's legacy, her message about faith from 2011. >> forgiveness lies in part of the christian faith, it can heal broken families, it can

restore friendships, and it can reconcile divided communities. it isn't forgiveness we feel the power of god's love.

go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. when you shop at walmart, you get it. ♪ you spend a little less... ♪ and you can carry a whole lot more. ♪ hi, i'm nancy. i've lost over 80 pounds with golo. i have tried to lose weight in the past and i've lost 80 pounds several times, but i was not able to maintain it. with golo, i've maintained this weight loss for over a year. it just works. (lighthearted music)

- "best thing i've ever done." that's what freddie told me. - a person like me needed to get a reverse mortgage to change my life. it was the best thing i've ever done. - really? - yes, without doubt! - [tom selleck] joanne said just about the same thing. - it absolutely is the best thing i ever did. - jack put it a different way. to him, it was about having his grandkids over. - you want to have the kids over, you want to have the grandkids over. - yeah. - you want to have the family over. you want to say, "this is my place." - great people, different people. that's for sure. and all of them had different reasons for getting a reverse mortgage. but you know what? they all felt the same about two things. they all loved their home, and they all wanted to stay in that home. - [announcer] if you are 62 or older and own your home, find out how you could access your home's equity to give you cash now. and when you need it in the future. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments.

it could also pay off higher interest credit cards, medical costs, and give you some extra cash to help your retirement lifestyle. - i don't have any anxiety about money anymore. - it allowed me to live in my home and not have to make payments. - a whole lot of families have gotten tax free cash from a reverse mortgage loan for a better retirement. - i don't have to worry about a mortgage payment every month. - it's a good thing. - [announcer] call right now to receive your free, no obligation info kit. the kit will show you how you may get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - look, why don't you call aag and find out what a reverse mortgage can mean for you? - [announcer] call aag, the country's number one reverse mortgage lender. - call the number on your screen.

stuart: buckingham palace, left-hand side of the screen as we remember the life of queen elizabeth. prime minister liz truss on the right-hand side just arrived at the palace, with the new king, charles iii, she must meet with him every week from here on out. usually takes place on tuesday. this tuesday she met queen elizabeth, this friday she is meeting king charles iii. now this, a change of subject.

a parking spot on sale in san francisco is making headlines. why do i care? ashley: how much it costs, $90,000. that would normally be a decent down payment on a house. a condo complex in the south beach neighborhood, located near oracle box and it is not uncommon, and also sold for 90,000, a few years ago, the parking spot can be used by a nonresident of that complex. people in london pay thousands a month for a parking space but that is excessive. stuart: you really think so? excessive. san francisco's business

district, the slowest after covid. is this because of crime? or remote work? >> reporter: mixture of crime, working from home forever. san francisco is one of the slowest city across north america to recover from covid according to one analysis, 30% of what it was before the pandemic struck. it was responsible for 70% of the tax coffers, 40% of jobs of an epic collapse. they were up 400% since covid. tech jobs, you can work from home, more conducive and a lot of major companies like airbnb, coin base and square, there's

less need for actual real estate. one small business owner in the downtown core, the pizzeria owner tells us it is worse than 2008. >> right now we usually get 40 or 50 in comparison with 2503 pandemic. i don't think i can survive. susan: anecdotally, near fisherman's wharf, a scenic tour spot, we were victims of an attempted burglary, someone trying to grab our camera equipment in the back of our truck, i can tell you from my perspective things have changed. stuart: i'm sure it has changed a lot. come back to new york soon.

it is your turn to be part of our show, october 17th, holding a special program in the 11:00 hour with a live studio audience, we are calling it varney and you. tickets are free but you must register online, scan the qr code on your screen. you can submit questions to fox.com. october 17th. it will be interesting. back to the market. 27 of the stocks of the dow in the green. home depot travelers on the downside and the doubt itself is up 338 points, 1%. don't go anywhere, friday feedback is next. an investor—you're an owner. we got this, babe. that means that your dreams are ours too. and our financial planning tools can help you reach them.

that's the value of ownership. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

vizsla silver's panuco project represents one of the highest-grade silver discoveries tin wheldorwi. athar lge resource base and over one hundred and twenty thousand metres of drilling planned for twenty twenty-two, vizsla is on a clear path to silver production. vizsla silver. so many people are overweight now

and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now, there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com.

stuart: crowds gathering all day around buckingham palace paying respects to the queen and waiting for king charles iii to make his first national address coming up in a couple hours. it is friday and 11:50, time

for friday feedback. we have lauren and ashley, let's get started. the first comes from mark. did you ever meet the queen? what your favorite film or documentary on queen elizabeth? i've not met her became close during a royal tour of hong kong. my favorite documentary, the crown. how about you? ashley: never met the queen or got close to her. the crown is great which i liked helen mirren playing of a role in that. we want how about you? >> watch a lot of documentaries to catch up. sorry. we won in other words you've not been watching, oh dear. you got caught right there by mark, this is from peter who seems to have -- sending questions to us, do you have a custom that is unique to your original country that you still

do today? i make tens certain way, you warm up the cup, then must put in the milk and then the tea on top of that, that is how you duty. with hot water. get me out of this. you got any old habits from way back when? ashley: i don't. i still love mighty, when you are indoctrinated in the uk, i was an accident-prone kid who went to the emergency room a lot and would you like a cup of tea? broken leg. ashley: i don't think lauren knows what we are talking about. >> we had pasta every sunday. okay, got it. in bakersfield, california, i asked if i could come to their house and do my laundry since

newsom doesn't want me to use large appliances. i would even bring my own laundry detergent and leave it right there with a piece of sarcasm, appreciate that. this comes from mark. i want you and the team to know how much i appreciate the exit music, to find a relevant and hysterical song is brilliant. all i can say is i hope you're following are spotify channel. if not, scan the qr code on your screen. that is free music, isn't it? that is it. this is from donna. what is this? you are in the prime of your life, brighter than most of the people on your show. don't even think of retiring, i'm making too much money listening to you all these

years, thank you for that. that is a nice thing to say. ashley: did you write that? ashley: i did actually. okay, so i wrote that, the way i am. the next comes from colin, one of the great part of your program is your "my take". when you are absent why can't ashley give his take? would you like to answer that? ashley: your take, i love your take and i am not sucking up to teacher here but i love what you have to say, very clear and concise. it is a big part of "varney and company". i would not dare to tread on that. it leaves people wanting more when they don't get to hear your take. stuart: a pretty good response. lauren: i can't top that. well said. stuart: would you like to do

"my take"? ashley: i could. i get a little heated. i might get out of control so i don't know. stuart: you are itching to express an opinion. lauren: sometimes we speak about what you might "my take" about an some of the things you think of i am impressed by. stuart: and some things you are not. this is from jean. why does soccer get all the popularity and attention? why is no one promoting rugby in the united states? there is a rugby leader in the united states but you know more about this. it is very hard to fight the popularity of premier league soccer. ashley: rugby was seen in the uk as an upper-class game and soccer was the every man's game.

in us colleges. stuart: i'm afraid time is up, thanks to everyone who sent their feedback on time for the friday trivia question. which instrument did the queen listen to every morning to start her day? piano? guitar?s? trumpet? the answer after this. into a low-rate personal loan from sofi. get a personal loan with no fees, low fixed rates, and borrow up to $100k. sofi. get your money right. every year we try to exercise more, to be more social, to just relax. and eating healthy every single meal? if only it was this easy for us.

stu: okay, which instrument did the queen listen to every morning to start her day?

stu: time is up. thank you very much, everyone. it was the bag pipes. thank you for being with us for this extraordinary day. neil, it's yours. neil: thank you, stuart. king charles iii will be addressing the nation in about app hour. he got a chance with his wife kansacamilla to meet crowds oute of buckingham palace. there's twin pressures on him losing his mother and keeping a stiff ummer lip for his country like the role his mother was in in 1952 shortly after her father died and had to deal with all that can and was just a wrong