minutes of that happening. >> yeah, we saw a lot of heros that day, maria, and in the weeks that followed too. it took a long time for all of us to get beyond that, and guess what? we must never forget what happened on 9/11. maria: that's right. jackie deangelis, liz peek, so wonderful to be with you both, ladies thank you have a great monday we'll see you again tomorrow "varney" & company begins right now. stu take it away. stuart: good morning, maria, good morning, everyone. we begin this monday not with money, and not with politics, but with the war in ukraine. it's a breakthrough. the russians are on the run. in the last 48 hours a ukrainian counter offensive liberated about a thousand square miles of territory the russians held since the spring. in the retaking villages and towns, local people describe young russian troops dropping their weapons and running away. what will putin do now? what will president biden do? it's a fluid situation, but as

of now, putin is losing the war he started. all right that's the war now let's get to your money. stocks moving up a little. a little bit more, after a solid rally at the end of last week. the dow is looking at a 60 point gain, the nasdaq up maybe 45. there is some green there this morning. bitcoin hit $22,000 earlier. it's at $22, 200 as of now. little change for interest rates the 10 year yields around 3.25% and the two year at 3.5%, so it's still suggesting recession. a nice headline for you. gas and diesel prices have stopped falling. gas averages 3.71 no change. diesel 5.01, nge. another day of pomp and ceremony for britain's royals. maybe a little soap opera thrown in. earlier in a shorter address the king spoke to a joint session of the commons and the lords. king charles arrived where he will address the scotts parliament and in about a half hour, members of the royal

family will walk through the streets of edinbrook, behind queen elizabeth's coffin. the big question will be will william and harry walk together. on this monday, september 12, 2022 you will see it all. "varney" & company is about to begin. ♪ stuart: the world prepares to say their final goodbyes to queen elizabeth, her coffin has arrived in edinburgh, that's scotland, ahead of the royal procession. susan is with us this morning. what are we going to see? >> later on today we'll see king charles iii and queen consort being moved from

edinburgh to st. charles cathedral where a service will take place to celebrate the queen's life and her connection to scotland and then the queen's coffin will lie in state for 24 hours which really offers the public their first opportunity to pay their respect s, and then of course, queen elizabeth will make her way to london for that funeral to take place next week on tuesday, but the pomp and ceremony to celebrate a life of 70 years of overseeing 33 countries, you know, she's been in 33 countries in the commonwealth over that seven -decade reign that's quite a scene i think. stuart: very interesting scene will come in about a half an hour. approximately 9:35 eastern time this morning. members of the royal family walk through the streets of edinburgh down that golden mile. >> beautiful. stuart: at the royal mile and they are right behind, will harry be with william? >> i don't want to overshadow the queen's legacy with any palace intrigue in terms of the

relationship between the two boys. i think the focus should be on queen elizabeth, her reign, what she's accomplished in seven decades and that's what i'm focusing on. stuart: the two boys did you call them? >> the two boys. future king, i understand that. stuart: but you will be glued like the rest of us to see if harry and william are together. and you know you will. >> well i just love queen elizabeth and what she's accomplished. the grace, the dignity, the duty , the discipline over seven decades i think that's a tremendous life worth celebrat ing. stuart: well-said. thanks, susan. check that market. futures i see some green but not that much of it. jeff sica with us this monday morning. i want to talk inflation, jeff. on wednesday we get news on consumer prices. in your opinion will the cpi, consumer price index, will it show peak inflation? >> that is what i think that this cpi is going to show. we're seeing oil prices have declined. we are seeing that there's other components of the economy like shipping prices that have plung

ed. i think we will see the cpi decline. i think the inflation numbers are at a peak, and i think we might see a decline. now that doesn't necessarily mean we're out of the woods because keep in mind, stuart. we are, we still have insanely- high inflation. stuart: but it would still be 6% or 7%, you think for the rest of this year? >> yeah, i think if you eliminate food and energy prices , i think we're going to see a 6% and 7%. i think we're going to continue to see massive fluctuations in energy prices, unpredictable, in a lot of ways, and then what we're going to have to decide is how much of this inflation is going to end and how much of it is going to persist in the future. stuart: i'm interested in whether we get a rally in stocks towards the end of this year, and judging between by what you're saying, you think we are going to see a rally. >> well, stuart, what i see is

that so much of this market is determined on what jerome powell is going to do and what the fed is going to do. now we have the fed meet on september 20 and 21 where they're going to decide whether to raise interest rates 75 basis points. now, last week, we had a big rally and i think a lot of that rally had to do with people thinking that either they were going to raise only 50 basis points or just one more raise or two more raises, so there's a lot of talk that even though jerome powell is acting like a hawk, he's probably going to behave like a dove. >> wow. stuart: okay i think i've got that. let's see what he does. jeff, thanks very much indeed. now i want to get to this. we're talking migrants here. the mayor of chicago, lori lightfoot responding to the migrants have been arriving in her city. all right, what is she doing about this? >> well, you know, chicago has

been going through a crime spree , so what lori lightfoot has been doing is well she's been blaming, of course, the texas governor saying why are you shipping these migrants and busing them over to chicago but also trying to find them shelter, of course. then axios saying this with the philadelphia mayor also saying the city is inventorying existing resources, should those seeking safe refuge find their way to philadelphia. i'm just wondering what your thoughts are since we've had migrants also bussed here to new york city, and they're saying it's to fill those jobs that are necessary. stuart: the objection to lori lightfoot is she's shipping them out of downtown chicago and sending them to the suburbs of chicago. she's supposed to be a what is it? a sanctuary city and illinois is a sanctuary state. how can you shove them out and give them to somebody else if you're the sanctuary city? same with new york. >> yes, exactly and also what about those that live around the suburbs as well? how do they feel about the drain on the resources in those areas? stuart: right. how do they feel about it, we don't know. nobody is asking them.

>> i think policy is in question stuart: despite these ongoing migrant issues, vice president harris claims the border is secure. roll tape. >> would you call the border secure? >> the border is secure, but we also have a broken immigration system and in particular over the last four years before we came in, and it needs to be fixed. >> we're going to have two million people cross this border for the first time ever. you're confident this border is secure? >> we have a secure border. stuart: okay, governor mike huckabee is with us. how much longer will the administration be in denial over the border, governor? >> as long as the news media continues to let him skate. what a follow-up that he missed. i mean, he asked the question. is the border secure? and suddenly, we have a five- alarm fire because her pants are blazing, and he doesn't follow-up and say, wait a minute. there's two million people that crossed the border. how can you call it secure? you've got the texas governor

shipping people all over america in what could be called greyhound therapy and yet, you tell me the border is secure? i mean this is the most bizarre thing ever but i don't blame her for lying. i blame the press for not having the guts and the pro for example , all professionalism to pushback and say let me show you video from the border. you tell me this is secure. stuart: well, why aren't they down there? i don't think vice president harris has been to the border in the last 12 months and when she was there previously she was there for a couple hours not at a point where a lot of migrants were coming across. i just keep getting back to this , governor. why does nothing change? >> because they can get away with it, and i go back to my point. if you don't have accountability from the people because the people generally, unless they're watching fox or fox business, they don't have any idea that things are that bad. now the people down along the texas border and the arizona

border they know because they're feeling it everyday, but the only way that it's going to, i think, get a little more clear , is by governor abbott doing exactly what he's doing. he needs the blue ribbon for the state fair this year for the most brilliant idea ever these are mayors that say we're sanctuary cities. we want these migrants. well, they are getting what they want. they just don't want what they get , and that's their problem. stuart: it is indeed. governor huckabee, thanks for being with us. jeff sica, still with me. i want to get this in, jeff, because your warning, very strongly, about a housing crisis you're saying look, we're 6 million apartments short. rents are rising fast, but i would have thought that was good for you. you own 3,000 apartments for heavens sake. >> well, yes, in a lot of ways it is good for me but i'm deeply concerned at this point, because what a lot of apartment, what a lot of apartment renters are,

not fully, but a lot of them are people who have been staved out of the homeownership market, so you have about 40-50% of people who are staved out of the homeownership market and they have to rent because they have no choice. now, a lot of those people are -- there's even more employee being starved out of the homeowner sephora market because interest rates are ris ing, the average $400,000 mortgage you'll pay $700 more a month so you have those people coming into the rental market and you see rents increasing and what keeps me up at night is i think there's a lot of people in that median income from 50 to 125,000 who are going to have a very hard time finding an affordable apartment, and because costs have been so high, we have not kept pace with development so there's not enough supply coming on to the market. stuart: not even close to

keeping pace. jeff, thanks for being with us good stuff. check futures monday morning. here is what's going to happen to your money. a little bit of green on the left-hand side of your screen. profiting from an old relationship. one of elon musk's exposes is auctioning off mementos from her relationship with him. one item has a bid of $7,000. we'll go through that. gop peter thiel criticized republicans for lacking a positive message ahead of mid-terms. the temptation on our side is always going to be that all we have to do is say we're not california. it's so easy. so ridiculous, to denounce, but maybe, we should have a more positive agenda. so, what should the positive message be? congressman jim jordan on that, next. ♪ i've just got to get a message to you ♪

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this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. stuart: a little bit of green suggesting the market will go up just a little at the opening bell this monday morning. dow is up about 85. now, here is a headline for you. russian forces are retreating. ukraine regained lost territory in the karkiv area. jeff paul is in the capitol city the russians appear to be on the run. is that accurate? reporter: yeah. yeah, and this is all happening as ukraine marks 200 days at-war and they are marking that occasion with the significant gains, regaining territory both in the south and the east, and while that is happening, as you mentioned, stuart, russia is reportedly pulling its troops back from the karkiv region. according to ukrainian forces in that region they are reclaiming

30 territories and counting. all of this happening ag russian forces start backing away from that area. now left behind russian tanks, the landscape as ukrainian soldiers raise ukrainian flags high above from different points for all to see but while ukraine takes these occupying territor ies many in ukraine's second-largest city are without electricity and running water. ukraine's president is accusing deliberate and cynical strengths against civilian target but he also discussed the future of the conflict amid these territorial gains. >> i believe this winter is a turning point, and it can lead to the rapid deoccupation of ukraine. we see how the russian forces are fleeing in different directions. if we were a little stronger with weapons, we could deoccupy faster. reporter: now, all of this happening as international attention focuses on the future

of this power plant, europe's largest nuclear facility, a site of heavy shelling. the power plant was finally re connected to the ukrainian power grid and that allows engineers to safely shutdown the last operational reactor as fighting continues in the region. now, russia is not sort of cushing this withdrawal as them running away from the fight, all they are saying is they are simply resupplying moving some troops around further east where they hope to "continue liberat ing the donbas" stuart? stuart: jeff good stuff indeed. congressman jim jordan joins me now. congressman, with russia in retreat, don't you love it? but is this a win for president biden? >> well, i think it's a win for ukraine if this is actually happening and i think a win for people who value freedom and oppose the aggression from russia, from the get-go, so let's hope this is a good sign and it continues to move in the right direction. stuart: what should president

biden do? pile on the pressure with more weapons or push for peace talks to sort of smooth things out? >> well i think obviously helping ukraine we've done that. i'm not for this spending additional 14 billion whatever he's proposing now. i opposed the last i think it was 40 or $50 billion that the biden administration wanted, so but yeah, we should always be talk together see if there's a way we can work this out but remember i think we can never forget russia is the aggression here and has been and we've been supporting ukraine as we should. stuart: i mean, you know, don't we want them to win? i mean, zelenskyy wants to push the russians out of ukraine completely. >> sure. stuart: they could do that if they got some more weapons from us. are you really unwilling to spend another 14, 15 billion or whatever it takes? you could beat the russians. >> well, i'm all for helping ukraine. i just don't think it should be the american taxpayer continue to give and give and give, so you know, again, let's hope he

moves in the right direction as it seems to be doing and we want ukraine to prevail in this war, but let's be supportive but i don't know that we need to be sending a bunch of more american tax dollars there. i get the privilege of representing across the fourth district folks i see all over the country. they want to focus on the concerns we have right here in the united states. stuart: okay. on the mid-terms, peter thiel is criticizing the republican party for not having a positive message to run on. in your opinion what should that positive message be, congressman >> well, i think this campaign is real simple. i think it's four issues plus freedom. remember you just talked about this a few minutes ago we went from a secure border to no border. we went from safe streets to record crime. weren't from $2 gas to $5 gas. we went from stable prices to record inflation, so republicans are for securing the border. we're for stable prices. we're for reducing crime and funding the police, not de funding them as the democrats have done, and we're for energy independence like we had just two years ago, and then i think we have to stand up and say we're for protecting your rights

never forget what joe biden has done in the last month. in just one month's time he raided the home of a former president, took the phone of a sitting member of congress, called half the country fascists and extremists and said to those same people oh, by the way you'll pay the student loan debt of the good to vote democrat and if you guys don't like it, never forget, i just signed legislation which will unleash 87,000 irs agents to come harass you so republicans are for defending your freedom, rights and liberties and the constitution. that's what this campaign is ability. i think it's as simple as it gets and as i talk to folks all over the country they get it, they get it loud and clear and i think they are going to show up in a big way november 8 and put republicans in charge. stuart: congressman jim jordan, always a pleasure. thank you very much for being here, sir. appreciate it. see you later. >> thank you. stuart: futures indicate not a bad gain at the opening bell up maybe 100 points look the dow is at the 32, 200 level.

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stuart: all right, three and a half minutes to the opening of the market. we've got some green right there , dow is up about 100 points, and keith fitz-gerald joins us this morning. okay, has inflation peaked? i ask because there's a very good story in the wall street journal this morning suggesting that inflation has peaked. what say you, keith? >> i tell you what. i saw that story and it is a very good story. i don't know that i'd buy the argument, but, it is certainly very well-constructed. it makes you think, and it would sure be nice to see happen. stuart: if inflation is peaking, becoming something, a little more under control, does the market rally regardless of the fed? >> you know, i think the market is going to rally regardless of the fed, and even if inflation potentially hasn't peaked. even if it just levels off, because remember, our history, right? the markets tend to run before the headlines reflect what's

happening, and so you've got great companies out there, still putting up great numbers. i think the markets are beginning to understand that. they certainly understand at this point that powell is not volcker and that gives an excuse to get on the gas. stuart: which stocks are most likely to rally before the end of the year? >> i've got to tell you, my favorite right now, bar none, is the stock you and i talked about it both of us own it, microsoft. that stock has been beaten, everybody has given up on it, thrown it out with the bath water and that's a stock that's a great example, becoming more sticky, revenue growing by 20%, cloud uses up 40% partnering with companies like oracle. it's moving forward. i think it's 300 bucks by the end of the year, if the fed stays on it and the rally continues. stuart: susan is sitting next to me and is laughing, because we so often mention microsoft and i constantly mention microsoft. >> always. yes, small sliver that he has. stuart: so all right, susan you don't think it's going to hit $300 a share? >> i think it might especially if they close that activision

blizzard deal and you called it before that it was hit its bottom a few months ago, which i was impressed by, but so i think it wasn't almost sub-200 when stu says i think its hit bottom and here we are. stuart: i think so. you hear that? susan is being nice to me about microsoft, keith. what do you say to that? >> well, i think it's great, because you know you and i talked about that bottoming and we talked distinctly about it. the stock market is a funny thing. it's the only store in the world where people run the other direction when stuff gets put on sale. i personally, it's tough, you got to learn to run into the fight and that's what the we've done. stuart: last time you were with us just a few days ago you said you would not touch meta with a 10-foot pole. do you still feel that way? >> absolutely. only now it's a 20-foot pole. i think that company has really got serious challenges, competitors are coming hard, apple stuck it to them to the tune of billions of dollars and i don't think zuckerberg has the moxy to recover. the markets, wall street is going to defend that stock like crazy and try to push it higher,

but it's not an investment i'm getting anywhere near. stuart: you know, you have no confidence in the meta universe? >> no, i don't. the universe itself, as it's used by companies like bmw, is fabulous because they are recreating factories and procedures and profits. >> [opening bell ringing] >> but this idea of meta as amusement i think people want to get out and live life so i don't see it. stuart: keith just hold that thought microsoft $300 a share. the market is now open. it's monday morning. it's september 12. we're off, we're running, and look at that. the vast majority of the dow 30 are in the green. disney is now turned higher, you just got one loser that's it, amgen is the only loser on the dow 30. all of them up and the dow industrials in the first couple of seconds of business up 120 points. the s&p 500 up a half percentage point, the nasdaq composite up a half percentage point and most of the big tech stocks will be

up and apple, amazon, higher, alphabeted, microsoft higher, meta the one stock that's down and it is down a sharp 1%. now, we've got an update on the elon musk and twitter drama. i think this is boring, so can you do it in 20 seconds? >> okay, well, on that premise, so we have a shareholder vote later on today. shareholder vote to seal that 54.20, $44 billion deal with elon musk which we know, of course, he's challenging in court trying to walk away from it. so why is this important? well, i mean if shareholders say okay, let's have this deal go through. obviously that four or five day trial will start in october, in delaware court. so i think elon musk has to find a way to try to walk away from it. you also have peter zatko, that whistleblower testifying in the senate this week, so before he raised his hand with this whistleblower complaint it was all team twitter by the way in that delaware court at least that's what wall street was

pricing in so now that you're going to hear from the whistleblower will he have more unveils? will there be more discovery in terms of how many bots are on the platform? you seem utterly board by this. stuart: i can't follow it. >> you can't follow it? stuart: extremely difficult to follow. >> which part of what i just said is difficult to follow? stuart: all of it. >> okay. the deal is going to, so look the shareholders say yes probably to the $44 billion deal you'll hear from the whistleblower, we're going to go to trial still in october, and then dan ives of wedbush says we could even get a settlement before then and he's still putting the price target of $50 for twitter so he thinks there's going to be some sort of buyout at some point. stuart: he said it on this program last week. >> well he put on a note this morning as well. stuart: okay. now, let's look at, we're going to move on after two minutes worth of that. disney. this act it vest investor, was pushing disney, to sell espn but he changed his mind, why? >> well i think he's looking at the probably the stats inside at espn. also he's probably spoken to

disney executives. in fact if you read that article that came up this weekend, it looks like bob chapek, says he's had regular conversations with dan lobe, a third point so they are backing off the push to spin-out espn, because he thinks there's more value. now, i would argue, if you look at this tweet, i think lobe says it very clearly. he says that we have a better understanding of espn's potential as a standalone business, a vertical to reach a global audience to generate ad and subscriber revenues and we look forward to see the head of espionage else execute on the growth front. now what i want to make the argument. is there really that much value in espn as a standalone entity? isn't it kind of an aggregation of sports licensing deals any ways? what sort of ip do they have, espn except for the brand itself stuart: i'm with you on that one now, i believe bristol-myers squibb is up 7%. they've got a new drug which has

won fda approval. what's this drug for? >> plaque psoriasis, not exactly the most attractive-type condition but a big money maker and it's rare to see a big cap of these type of blue chips move like this up 7%, so look it's a first oral drug to be approved for this type of condition in 10 years. it's a big deal. stuart: it is a big deal. >> especially with the r & d, think about the pipeline investment you need for these drug developments. stuart: yup, huge. roblox, makes video games. >> kids video games. so we're getting a downgrade actually this is better than what we saw and this is a metaverse place because i just heard you and keith talk about the metaverse. i think cowen agrees with you saying the metaverse is over- hyped, not happening as quickly, and that's why roblox to them is overpriced and it's only worth $31, but if you look at the monthly users, we're talking about 400 million or so stuart: 400 million? >> yeah, and most are under the age of 18. 80% or so so that's why there's

a lot of bullishness on roblox especially with the metaverse ad s, they just revealed last week. stuart: it's very hard for me to get used to the idea of a global audience where 400 million users just like that. there's only 330 million americans and suddenly there are 4 million around the world. >> think about 3 billion active users on facebook. that's a large audience that a lot of people are capturing. stuart: indeed. let's put up big tech please. put them all up there. we've got them all moving higher except for meta what's leading this? >> apple is up today up 2%. you had jpmorgan this morning calling apple an overweight still, and pretty much reiterating a lot of the analyst notes i've read that the iphone demand continues to remain strong, especially for this new iphone 14 offering, and most of that demand, 80-90% is for the expensive pro-model that'll cost you $1,000 so that means margins are higher, more money being made by apple, and i'm just wondering if you're upgrading this year. stuart: i don't know. did you get your 14 yet? >> i haven't yet. you can order starting last week

, shipment starts this friday, and i can't wait to get my hand on it but when i do i'll show it to you but i can't wait to show you and explain the discovery island which is top of that pill, so the new iphone has this pill set here. stuart: a pill? >> yes, so it's going to be on the display and i'll show you when your microphone is working, what app you're using to make sure you have all your privacy settings in place. stuart: what's a pill? >> it's a pill-like [laughter] this is my job explaining tech to stu, which isn't always easy. so it's at the top here, and it'll show you exactly what you have running on your phone. so you know whether your microphones on, whether your cameras on. stuart: okay. thank you very much. >> [laughter] stuart: i have to break away from this fascinating discussion to show you what's going on in edinburgh at the moment, on your screens, king charles is about to lead the procession behind the queen's coffin, through the streets of edinburgh. they are walking up the mile as it's called, the royal mile. his siblings, the princess royal , that be princess ann,

that's the sister of king charles, the wessex, that is the brother and the duke of york another brother, that's andrew, they will join the king. we will have more on this procession throughout the show but the interesting thing is where is harry and william? why are they not walking together with the king behind the queen's coffin? we're on it. coming up former senator of missouri claire mccaskill calling out o her own party's leadership. >> the democratic party is struggling with an issue that is real. all of our leadership and i say this as somebody whose ancient, you know, a lot of old folks are running the democratic party now stuart: hold on a second. some folks think there's an age problem on both sides of the aisle, which we will discuss there's a continuing fight about school closures during the pandemic. the new york post editorial board says the union leader lied

randi weingarten is defending herself and she's been demonized more on that, next. ♪ ♪

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stuart: okay, on your screens left-hand side, king charles leading the procession behind the queens coffin through the streets of edinburgh. his siblings, his sister, the princess ann, earl of wessex , and duke of york, prince andrew are joining the king but big deal here is no sign of prince william or prince harry. there's a story behind that, we'll try to get to it, but we've got to go to the market because we've got a nice rally this monday morning. not huge but it's kind of nice, dow is up 150, nasdaq is up 91 points. now look at this. it's a new book. i'm going to read the title for you. said it all.

"nation of victims, identity politics, the death of merit and the path back to excellence." vivek vivek ramaswamy is the author. would you say that victimology is the political strategy of the left over the entire generation? >> i think it has been more much of the 21st century. there's something about the psychological need that human beings have that when you describe them as a victim, that justifies taking any action to achieve their ends, but it's not just limited to the american left. even vladimir putin in some ways describes himself as a victim, because that's what allows him to take extraordinary force that otherwise wouldn't have been justified even to his own people , if he didn't describe himself as a victim. stuart: i've got the feeling that that's victimology is very much in charge in america today, and my question is, how do you reverse it? >> that's right so that's what this book is all about. the case i make in this book is we used to have a national identity built around the shared

pursuit of excellence. we now have a national identity built around victimhood and it's not just black victimhood, not just liberal, both of which i talk about in the book, it's also spreading to white victim hood culture, to conservative victimhood. there's a chapter about that in the book as well. the answer though is how do we get back to the path towards excellence? well the case i make is it runs through an uncomfortable terrain a terrain that we call forgiveness, and i think this is , you know, philosophically rich exploration , i hope. it traces a lot of not only american history, all the way dating back to the civil war. it even goes back to roman history, taking a look at the rises and falls of rome and one of the conclusions i come to in the book is there was no fall of rome. there were many rises and many falls, and for those who say we're at the end in the fall of american experiment, i say we're not quite done yet. we may actually recover yet still if we're able to mutually forgive and revive that shared national identity based on excellence. stuart: i think of forgiveness as a christian concept. what's your response to that? >> well, forgiveness is

definitely a christian concept. i was educated in catholic school myself but whether you are a christianity is a fundamental virtue, a virtue of many religious traditions. it is a virtue of even secular traditions as well. emmanuel kant, and get to a secular case for forgiveness without necessarily having to take the christian path to get there, if you are a christian and that's the path you want to take god bless you because it's a great way to get there whatever your path is that's what we need to revive in our culture. stuart: vivek you're single-handedly elevating the intellectual discussion level on this. but hold on a second. i was watching you on "fox & friends" this morning. you opened your new book and read out a passage from it a short paragraph. would you do the same because i thought that summed up the book? >> thank you, let me pick a different passage for us. okay? it's going to talk a little bit about the economy and laziness culture. stuart: you've got 30 seconds. >> when laziness and victimhood enter the equation people compete to receive government handouts instead of working and economic growth

suffers even more. by squabbling over how to split the economic pie instead of growing it then, we may actually be making wealth inequality worse. even if we did manage to achieve some more just distribution in the short-term by piketi's reasoning if we did it in a way that slowed growth more than returns on invested capital we would only be changing who the have's and have-notes are and creating more have-nots. stuart: that's very well-put. you could write a my take for me and be almost perfect. it really would. >> i hope you enjoy it. it talks a lot about the economy and i make the case in this book it's controversial that a market crash maybe a good thing for our culture actually. >> wow. stuart: okay we'll leave it right there. don't you dare do that to it. vivek ramaswamy we will see you again soon. >> thank you. stuart: speaking of going woke, what is the city council in new york calling moms who give birth , susan? >> you're not going to like

this , because instead of happy mother's day can you imagine saying happy birthing people's day? that's the type of language that's being used, so the new york city council speaker, adrian adams praising this bill that saying the legislative package passed by the council in august, most severely affecting black women and birthing people. i'd love to hear what vivek has to say about this as well. stuart: can you give me on 20 seconds where on earth this comes from? >> it comes from changing the topic and if you're in the position of leadership and you have failed the people, it's like the roman version of bread and circuses. distract the people with bread, distract the people with circus es. effectively government printing money is the bread and identity politics is the circus. stuart: it just reminds me of senator josh hawley confronting the berkeley professor, the senator asked can a biological man have a baby and the berkeley professor responded by saying "just by asking that

question you're inciting violence" extraordinary stuff. >> at the end of the day they said the person you're attracted to is set at birth but somehow your gender identity is completely fluid over the course of your lifetime. take that contradiction. >> let's move on quickly. stuart: you have a far more interesting story about musk's ex-girlfriend putting his stuff up for sale. >> that's right imagine when you were dating back in 1994 and you become the richest man on the planet and all of a sudden your ex-girlfriend is selling 18 of your photos together and one necklace you gave her as well. stuart: that's it just photos and a necklace? >> yeah if you look at these bids so far, this is pretty personal. i mean, as a individual i would not want that, some of my private shall we say private properties put up for auction. stuart: you're digging yourself in here. >> okay, so far from what i see the highest bid is actually a birthday card that elon musk had gifted his ex-girlfriend, and it's going for $7,000. could sell for more than $10,000 and there's an emerald necklace

assett being offered. auctioned off. stuart: we done with this? >> how does vivek feel? stuart: he's far too high on the intellectual food chain to be discussing this. i'm married and staying married so no sales coming anytime soon. stuart: here is what's coming up take a look at this it's an op-ed. "biden continues to stiff-arm the press" joe concha wrote it and he says the need for accountability has never been greater. joe is on the show shortly and look at this back to edinburgh. live pictures, edinburgh, scotland. the profession is underway. queen elizabeth's coffin is being transported from the palace of holyroodhouse. prince harry and prince william are not there. why not? i'll ask douglas murray, later. ♪

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stuart: president biden travels to massachusetts today. while there he's going to tout his infrastructure plan. peter doocy is with us. how the president's polling on these policies? reporter: well, so far, the latest polling that we have, according to gallop, is that a majority of americans are

feeling some sort of hardship because of inflation, and the republican lawmaker who is about to go public with a new platform for the mid-term says he thinks there is a direct line between that new hardship and biden's policies. >> what we've watched from the democratic policies, they're wasteful spending. i mean their wasteful spending has brought inflation. the rising cost of everything you want to buy from not only your gas but in the grocery stores. every american should ask themselves, could they afford to give up one month's salary? the most people would say no, but do you realize that's been taken from you because of how high inflation is, based upon the democratic spending? reporter: and people are making big changes to adjust their routines to this inflation. per gallop, 24% are only buying essentials now, 17% are traveling lessor canceling vacations, 17% are driving less,

12% are buying generic, 10% eating out less and 10% growing their own food now and vulnerable democrats are now blaming biden including congressman chris papp is the democrat from new hampshire. >> well i think the administration was asleep at the switch when it came to managing inflation and understanding the emergency that existed with inflation early on last year. many said it was going to resolve itself on its own. i think they are relying too much on economists not listening to the people on the ground in districts like this. reporter: we get another inflation number tomorrow, and officials here at the white house must think that it is going to be great for them because they are planning a big celebration here at the white house in honor of the inflation reduction act, stu. stuart: can't wait. [laughter] peter doocy thank you very much, we'll see you soon. check those markets. keep going up. the dow is now up 250, nasdaq up 126. that's a modest rally.

still ahead, douglas murray, steve forbes, karol markowicz and joe concha. the 10:00 hour is next. ♪ ♪

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♪. stuart: good morning, everybody. it is 10:00, susan you were waiting for me to say something about queen, don't stop me now. susan: one of my favorite songs. stuart: really? susan: i love queen. given what is happening across the pond this is apropos to have some queen music. stuart: the producers are always on the ball. maybe there is some belief that we're near to peak inflation. maybe that is what is moving the market because it is going up. the 10-year treasury yield at 3.28%. the price of oil actually moving up today, 88 bucks per barrel. bitcoin is moved up.

that is the market. i see some green. now this. it's a breakout. the russians are on the run in ukraine. it is a stunning development in a war that had seemed bogged down. over the weekend ukrainian troops retook several towns and dozens of villages that the russians occupied since the spring. in two days ukraine has retaken roughly a thousand square miles of territory. local villages describe as young russian soldiers dropping their weapons and running away. president zelenskyy in his nightly tv update talks about pushing russians comely out of ukraine, crimea included. he is going a big win. the world is waiting for putin to respond. he could threaten to use nuclear weapons. he coprovoke a direct clash with nato and use that as an excuse to escalate. he could cut off all energy supplies to europe just as weather turns cold. he is meeting with china's

leader this week. we'll get some financial, maybe military help from him as well. the world is also waiting for president biden's response. he could pile on the pressure with more advanced weapons. he could slow the ukrainian advance, fearful of putin's, of putin's threats. or he could just urge peace talks now. it is a fluid situation but as of this monday morning putin is losing the war that he started. good. second hour of "varney" just getting started. ♪. stuart: david avela joins us now. great to have you back. >> good morning. stuart: seems like the russian troops are on the run, they're in retreat. would you call this in any way a win for president biden? >> well certainly it's a win for america in that, and for our allies who are helping ukraine

defend itself. so yes it is a win for america which then president biden gets credit for that as he should. the problem is it doesn't counter the negatives that president biden has put on america, whether that be now we're going to countries that don't like us to get our energy supply because he has wanted to stop energy production here in the u.s. or certainly radically change it. whether it be the tax increases and government spending that has made life in america more expensive. while he does get credit for efforts to help ukraine, this is all in the other area that voters give him poor ratings. stuart: i will change the subject here for a second, david. former democrat senator from claire mccaskill, from missouri, the democrats have an age problem. listen to this.

>> the democratic party is struggling foreissue that is real, all our leadership, as someone who is ancient a lot of the older folks are running every part of the democratic party. i think the democratic party would benefit from doing naval gazing more young people to the forefront. young people will be very important for us in 2024. stuart: i think there is a age problem on both sides of the aisle. i see a demand for a new generation of leaders from both sides. how about you? >> as the gray hairs on my head mount, stuart, i would say they don't look as old as they used to look. the challenge for the democratic leaders is the younger generation isn't anymore in line with what americans want than the current leadership that claire mccaskill claims as too old to lead. the younger democrats are in line with the increase in

government spending and the higher taxes and the shifting of our energy policy towards sources that we, need to spend others money to get. those are all the ideas that americans don't want. it doesn't matter whether you're a current democratic leader or a younger democratic leader, you're out of step with where americans want to go. stuart: do we need age limits in congress? >> absolutely not. voters get to decide who they want to represent them in congress. it is preposterous to say we should put an age limit on folks. stuart: agreed. don't put an age limit on me, please. >> that's right. stuart: david avella, thanks for joining us. good to have you with us. look at that market, doing well this monday morning. first thing on a monday you want to figure out where the market is opening this week? well opening higher pretty much across the board and mark grant

joins us now. great to have mark grant back. let's talk inflation just for the start here. if wednesday's consumer price index number shows or suggests that inflation has peaked what happens to the markets? >> well, i don't think that is what is going to happen. currently the cpi and the ppi, the average of the two inflation indexes is 9.15%. so even if we were down a little bit we're still at very high inflation and of course with the fed's policies combating inflation, it's also having a disruptive effect on borrowing costs which are going up and up and up which i think are going to have a real effect on the american economy. stuart: i'm going to change the subject for a second here. you sent out a note last week about queen elizabeth and your mother. i remember receiving the note and i thought it was really poignant. repeat it, please.

>> well the note was that given what had taken place that we should all make sure that our mothers, fathers, aunts, uncles, everybody is okay and we need to pay more attention to them and that's what i did and that's the note that i put out so we all remembered that. stuart: may i ask if your mom is still with us? >> she is still with us and god bless her. i just had dinner with she and her husband last night. she is charging along. stuart: what advice did she give to a spring chicken like yourself? >> she has been advising me for all, all of my years on this earth and, she advises me to stand up for myself, be myself, move forward, not concentrate too much on the past but concentrate on building a better future. stuart: does she ever give you financial advice? >> yes. she tells me to keep my wallet

in my pocket. stuart: what does that mean? don't spend, only invest, is that it? >> watch out how much you spend, pay more attention to your investments. she is a very smart woman. stuart: she is indeed. mark, give our very best wishes to your mom. i hope she is watching. >> absolutely. you're ageless, stuart. stuart: he knows how to win friends, influence people. susan: he is coming back. stuart: you can anchor the show if you like, sir. let's change the subject again. the cbo, that would be the congressional budget office is rebutting claims from the white house that student loan handouts are already paid for. susan: not true. stuart: no it is not true. susan: yeah, that is according to the editorial board of "the wall street journal." so they're citing the cbo. they had pegged the annual deficit $900 trillion that went

down from 1.7 trillion. you're cutting down covid spending and bringing in haier tax revenue with the good economy. higher debt relief of student loans that has thrown the calculations totally in flux. "the wall street journal" editorial board. the budget gnomes explain why student loans are not paid for. they're talking about uncertainty on calculations. they're blame blaming the white house on substantial outlays, that is quote, on 2022 deficit considerably larger in their view than what the cbo originally estimated. stuart: it is not paid for. susan: yeah. stuart: we have some credit card companies, they have a new way to track gun sales. what are they doing? susan: this throws privacy into section. that will be new code that will start tracking gun store sales. a new merchant category on the receipts will track transactions for guns and ammunition.

the companies use a four digit number to track your purchases. new york city approved this month. it would help financial institutions to flag what they see as suspicious activity. it goes back to privacy concerns, whether my individual purchases should be regulated by credit card companies, mastercard and visa and the like. stuart: why are they interested in tracking firearm purchases? susan: they feel to protect americans and their safety. but in terms of privacy i would have issues with that. stuart: jpmorgan chase, they just agreed to acquire a payment startup. it is called renovite. susan: don't you find this interesting as well? we'll talk about this later. banks are higher on a day where technology is rallying. usually inverse with higher interest rates and merges. this is what happened jpmorgan, fends off what they think is fintech. have you heard of stripe before?

stuart: yes. susan: one. most expensive valued startups in the world close to 100 billion. looks like jpmorgan is helping to augment some of their fintech, which means paints whether it's online services et cetera. they have processed nine trillion dollars in transactions each and every day. so, most of that is being done online. of course jpmorgan thinks they need a company like ren owe site that is relatively small. they didn't disclose the financial details. jpm is trying to get bigger fintech with five purchases so far. stuart: did you say nine trillion dollars of payments transacted every day? susan: every day. i think that is reasonable in this globalized world that we live in. stuart: it is. obviously you need financial technology to handle it and that is what jpmorgan chase is doing. susan: tells me with yields up and banks higher, obviously they make more money off their loans in the future. but there could be a economic recovery taking place with technology also higher as well. stuart: an early indicator,

wouldn't that be nice. thank you, susan. randi weingarten deflecting the blame getting called out for her role in school closures. she blames the shutdown on trump. we're all over it. you're looking live at edinburgh, scotland. a procession underway. queen elizabeth's coffin being transported, to st. giles cathedral in the city. interesting point here, soap opera lovers, prince harry and princess will not there. what does it tell you about the strife in the royal family? i will ask douglas murray next.e ♪e ollowed me everywhere. so i consolidated it 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.

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♪. stuart: those markets still rallying very nicely, thank you.

dow is up close to 300. that is close to 1% and the nasdaq's up 140 points. there you go. look at goldman saks. "the new york times" says the company is preparing for layoffs as deals slow. investors seem to like that. the stock is nearly up 1%. next case, change charles and the royal family will be pay during a service at st. giles cathedral in edinburgh. jonathan hunt is with us. he is actually at buckingham palace in london. take me through the day as events please. reporter: there have been so many moving moments ever since the moment queen elizabeth ii's death was announced but few have been more poignant nan what we've been witnessing over the last 30 minutes or so. that is the procession of the queen's coffin carried by a hearst obviously from holyrood

house in he edinburgh to st. gis cathedral where the service will take place. the members of the royal party entering st. giles right now. as the coffin was carried by that hearse along the royal mile in edinburgh, following behind it were all four of queen elizabeth's children. change charles himself of course, princess anne and the princes edward and andrew. i think, stuart, it was interesting to note in particular that andrew was not in military uniform. the only one of the four not in the military, not in military uniform. andrew served in the royal navy but you may remember he had his titles, his honorary military titles stripped by the queen in the wake of his alleged involvement in the geoffrey epstein scandal. andrew not in military uniform. the other three children all wearing full military dress. i think that was worth noting

today as the party now enters st. giles cathedral, stuart. stuart: all right, jonathan, thank you very much indeed. that is remarkable video, really touching. thanks, jonathan. douglas murray is with me now. all right, douglas, i think charles is off to a good start. what say you? >> i agree. i think that his first address to the nation last week was really remarkable. he didn't put a foot wrong. it was very reassuring. it was also very human. i just started on a personal level he was demonstrating the royal family learned from the death of diana in 1997 that the public expects them to show human warmth. they would like to see that. they don't have to be entire le reserved t was extremely reassuring to the nation not just about mourning for his mother and his respect for her legacy but his reassurance to the nation that he would continue that legacy,

particularly that leg ba sy of service. i think he has done extraordinarily well for a very difficult time for him in the first few days of his reign. he is already receiving very significant amounts of public support and sympathy, of course. stuart: douglas, princes william and harry were not in the procession to st. giles cathedral. should we read anything into that and what's the long-term future of meghan and harry? are they just going to leave england and go back to california? >> you will note in his first address to the nation king charles referred to meghan and harry quite appropriately because it was the elephant in the room in some ways although, elephant of prince andrew you might say as well, but, king charles mentioned meghan and harry. mentioned his love, warmth towards them, said particularly as they you know, pursued their lives and careers abroad. well that was quite, that was

quite clear vindication, there is nothing on the horizon immediately that will see prince harry welcomed back into the fold in london but that doesn't seem to be what prince harry wants. i don't think we should read anything into william and harry not being in edinburgh. the royal family is entirely dispersed. that is partly a protocol thing you about it is also worth remembering although they came out together at the weekend, there must be some -- [inaudible]. prince harry has signed a very significant book deal as well as with netflix and spotify deal and things to a tell-all memoir. i put it to you, stu, if i was with a family member who already sold a tell-all memoir, i might be kind of cross with them. stuart: yes. >> and on stage and so i'm afraid that to the extent that harry might be feeling slightly left out at the moment is something entirely of his own doing, and his wife's own doing.

stuart: there is this book coming up as you mentioned, douglas. the publisher is being very tight-lipped about what's in it but it would be worthless if it wasn't some nasty gossip stuff about the royal family. that has got to be in it virtually? >> well that's right. it reminds me of the in a rather different context the story of bill clinton's memoirs not mentioning monica lewinsky and publishers allegedly say we pay all thisdown payment for you not to mention monica lewinsky and terse few paragraphs. the same would happen if prince harry didn't do a relatively salacious memoir. i think it's a great mistake he has made. his grandmother, the late queen's life of service is being honored by people up and down the land. because people respect people who put others before themselves. prince harry and his wife decided to pursue a different form of life which is putting themselves above all others.

and i'm not sure within the long term that will earn very much respect. it might earn them some money in the short term but in the long term i don't really see what the future for him is other than meghan in her tell-all interviews the other day he is doing a lot of diy in the house in l.a. quite a falloff there. stuart: douglas before we leave you, you were obviously born and raised in england. you have a strong british accent. you live now in the united states. when you look back what is going on in britain, the pomp and circumstance, the royalty, what do you feel? >> it is ex-extremely moving. in recent days i've been explaining to some of our colleagues in the uk the queen is something like the physical embodiment of the american flag in america. she is the person to whom all parliamentarians swear allegiance, all court cases are

carried out in her name. arm forces lay down their life in her name. she is absolutely essential to the life of the nation and everyone in it. there is one other point i would make which is what i said in the "new york post" on saturday which is, that she did embody these values of decency, resilience and courage and stoicism much more, which our age seems to be going away. in days ahead we should reflect on admiring the values, while not practicing them ourselves. we should think about that. stuart: i know what you're thinking. douglas, thanks very much for joining us. i'm sure we'll see you soon the rest of this week. change the subject, talk about inflation. you are going to be paying more at the grocery store, even more than what you pay now. the ongoing heat wave in the west damaging crops and shrinking shipments of some produce. we'll tell you which items are going up some more.

the u.s. promising to help britain this winter by expanding fuel exports to europe. that despite the white house ignoring similar requests by governors in the northeast. edward lawrence has the full story after this. ♪

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what was it? [ sighs ] i can't remember. stuart: nasdaq up 140. the founder of nikola, trevor milton, he is facing a securities fraud trial. it happen this is week. what is this all about. susan: he overpromised the technology, capabilities of electric trucks that didn't prove to fruition. so overhyped the technology. basically fraud is what they're contending in this case and a faked presentation with a truck that didn't work. but he rolled it downhill saying it did. he is indicted on two counts of wire fraud, two counts of securities fraud. jury selection begins on monday. trevor milton who has been on this program, he resigned from nikola in 2020 after being accused by short seller hindenburg research about stock fraud. the stock is down 45% this year.

people say this was the start of the end of some of these spac deals. nikola is a spac deal. a lot of these spac deals have not played out as we say. stuart: rolled the truck downhill. susan: saying it was technology it was riding on. stuart: thanks, susan. take a look at the price of gas right now. we've got gas at 3.71. that is the national average. treasury secretary janet yellen says there is a risk gas prices could rise again this year as the european union stops purchasing russian oil. edward lawrence at the white house. this is a global energy crisis. what do the european leaders propose? reporter: so europe is making changes. even the united kingdom is rolling back some of its bans on fracking. they're moving that direction. european union is actually reversing some of its energy policies and including more fossil fuels for the future coming in. now the u.s. though not changing policies and not increasing that global supply. gas prices are falling.

that is mainly because the global demand for oil is also falling on fears of an economic slowdown. so cpi inflation right now, 8.5%. we get another data mark on inflation tomorrow. now in the u.s. the release of one million barrels a day of oil from the strategic petroleum reserve ending in mid-october. the european union close to a full ban on russian oil. there is concern about a price spike. >> the european union will cease, the most part buying russian oil and in addition they will ban the provision of surfaces that enable russia to ship oil by tanker and it is possible that that could cause a spike in oil prices. reporter: so here's what the biden administration has been doing to keep gas prices down. tapping the reserves. allowing ethanol blend to be

used over the summer urging opec plus to pump more oil which has not worked and working on a price cap countries will pay for russian oil. all of this and no change of energy policies here in the u.s. >> i've said many times we can't just shut the spigot off on oil and gas and carbon-based fuels t will take some time to get it done and in the meantime we need to start that transition because it makes sense. reporter: so the biden administration trying to keep gas prices in the u.s. here under $4 a gallon going into those midterm elections which are coming up, but again no changes in energy policy in the u.s. stu. stuart: edward lawrence thank you very much indeed. let's bring in steve forbes on this. steve, europe's energy crisis is just in full gear. it has got everybody really worried over there and "the economist" magazine, i'm sure you read it, they're predicting germany is facing deindustrialization. is it that bad, steve? >> actually it is not that bad.

it can be recovered if they change their energy policies. fortunately the europeans have been storing up gas that is 80% capacity of storage which is enough with the cutbacks they have had. they cut back natural gas use 10%. they will have to subsidize a lot of companies with those cutbacks have been taking place. they are going to do another 5%, so it will be 15% cutback. so they have got enough on the natural gas front to get to the spring but what you saw in britain with prime minister truss going for fracking is what the european continent has to do as well. drop this insane, expensive, and dangerous push for renewables and go for natural gas and oil and here in the united states we should be permitting on a fast basis liquified natural gas terminals and increasing natural gas supply here. so it's a crisis. they're going to have a tough winter but they can set the stage for a revival. germany does not have to deindustrialize. it will just import energy, not cheap gas from russia but

plentiful gas from the united states and elsewhere. stuart: what inflation in the united states, there is an article in "the wall street journal" today says inflation is moderating, whether it's gas prices, energy prices, generally, moderating. what do you say to that? >> they're moderating for the wrong reason and that is a slowing economy. yes the third quarter will show some growth, probably a little bit in the fourth quarter but with those tax increases coming in, regulations they have coming on and the federal reserve relentlessly raising interest rates, you will have a real slowdown in 2023 we saw this back in the 1970s they brought inflation down depressing economy. that brought prices down. they printed more money. prices went up again. we'll see if they repeat the dreadful pattern here. stuart: can i get back to the news we're reporting this morning which the russians are on the run in ukraine. retreating they lost 1000 square miles of territory. does that make any difference to

the european energy crisis? >> yes, it does because vladmir putin is becoming desperate. what does he do now? does he point out he has lost territory equal to the size of rhode island in a matter of days, territory they had taken with a lot of blood they spent over the summer months in these dreadful offenses they have inch by inch. they lost it all almost overnight. so you got to realize, i hope they're having contingency plans, what if he threatens tactical nuclear weapons? we've already seen what he will be doing on the energy front, on the grain front. we have to make sure we have neutral shipping going into those ukrainian ports. i don't think putin will be foolish enough to try to block picking up that grain but we'll see. he is a desperate man. we should be increasing our weaponry to ukraine. they have shown brilliantly they can win it if they have the tools to fight. stuart: steve fobs, thanks for being here. good stuff, steve. we'll see you soon. >> thank you. stuart: thank you. the heat wave that is currently

battering the country is now affecting the agricultural produce. ashley, good morning to you. what's the details on this? ashley: good morning, stu, high temperatures in the western u.s. are damaging crops, shrinking shipments and leaving fewer leafy greens and fruits on supermarket shelves. california grower says some of his lettuce leaves are turning brown and melting in the fields because of crop diseases that have been intensified by the high temperatures n pennsylvania a retailer said its stores gone a week without having any straw per riffs to sell. a distributor in new york somebody instituting honeydew medical months for watermelons which have become scarce. supermarket chains are receiving products from canada, new york, new jersey, florida, ohio, instead of california. that is driving up costs. prices of produce increased 11% now compared to a year ago. stu? stuart: ash, got it, thank you

very much. dramatic news indeed, 125,000 railroad workers could go on strike at the end of the week. that could lead to gaps on the shelves at the store. higher prices too. jeff flak has the report coming up. russian forces retreat. ukrainian troops retaking territories. the tide is turning. general keith kellogg is next. ♪

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if i can invest in her health and be proactive, i think it's worth it. visit betterforthem.com stuart: the rally holds. the dow is up nearly 300. nasdaq is up 130. russian troops are retreating after ukrainian counteroffensive retook key areas after after karkov region.

ashley, what is the status. >> rush should said they nearly lost all the region of kharkiv that is 1000 square miles and key military hub. this rattled kremlin leaders and a call for the u.s. to send more essentially more weapons to ukraine to win the war. spread of offenses is undermining in places like arguments like germany, who better would arming more arms to ukraine would lead to a bloody stalemate against a russian military destined to win. ukrainian allies love russian setbacks. lithuanian foreign minister it is beyond doubt that ukraine could have thrown russia out months ago if they would have provided the necessary equipment from day one. i'm not sure about that but making his point very clearly, stu. stuart: that is very important point to make at this stage, ash.

thank you. i want to bring in general keith kellogg, who knows a thing or two about this stuff. general, thanks for being with us. president zelenskyy wants to push all russian troops out of ukraine and at this moment very much in retreat. we've got stories of young soldiers dropping their weapons and running in panic. what should we do? >> right. stuart: what should we do, should we support go for a flat-out win and pile on more weapons to the ukrainians at this point, what should we do? >> yeah, stuart, thanks for having me this morning, absolutely. this is the time when they're on their heels. i will use a boxing analogy. they have been jabbing at each other for a long time, jab, jab. the ukrainians hit the russians with hard right cross, knocked their mouthpiece out, put them back against the ropes. i am not surprised by this. ukrainians fight differently and much better than russians. russians have losses in military. they lost key units at the

beginning fight. they lost bdv and spetsnaz. first line units of russian army were mauled at the very, very start. they are at the second and 30 level and lost key commanders. the ukrainians saw a gap the donetsk region. this is very important. still the south, look at area aroundkers son and kherson. i agree what was said earlier f we had given months they want months ago, mlfs, jet fighters, if we would have given them this would have happened earlier. russia has a significant problem. putin has a significant problem. their military is not the vaunted military, they have significant problems and they're in retreat. stuart: they're in retreat, and what is putin going to do about it? he could threaten to use nuclear weapons. he could use a fake clash with a

nato country and use that as an excuse to escalate. he could cut off all energy exports to europe. food exports. he could do all of the above. are we prepared for those extreme measures that he might take? >> well, stuart you asked some pretty critical questions there, one you're right, if putin gets backed into a corner no one knows what he will do because he is so irrational right now. he could do something really foolish. what i mean by foolish, use a nuclear weapon, tactical nuclear weapon what is called a demonstration. demonstration he put it somewhere, he does it, doesn't hurt very much but shows he has the capability. energy is always used as a weapon. we have him backed against the wall and he is very irrational. zelenskyy said clearly he is not negotiating at all. he will keep pushing forward. so i think the big an known what does putin do now? he disestablished all relations with former senior commanders that he has.

he put his best commander in charge of everything. if he is losing, you're right, where is putin going to go? that is the question everybody ought to be thinking about right now because he can be very, very irrational in a situation where the vaunted russian military loses against ukraine. stuart: just in the last 48 hours things have really changed, seems to me at least. >> yeah. stuart: general, thank you very much for being with us. i know we'll see you again. thanks a lot, sir. >> thanks a lot, stuart. stuart: one retired general is warning that he is seeing reduced intelligence capability in afghanistan following the botched withdrawal. what else he is saying? ashley: retired frank mckenzie who led u.s. central command as you point out our ability to track terrorist activity inside of afghanistan has been very severely reduced since that withdrawal. here is his assessment on cbs's "face the nation." take a listen. >> i think we have very, very limit ability to see into

afghanistan right now. i said i think we have certainly less than two or 3% of the intelligence capability that we had before we withdrew. our interests in afghanistan is preventing al qaeda or isis from regenerating and being able to conduct an attack on our homeland or the homelands of our friends and partners and our ability to do that has certainly been gravely reduced. ashley: less than two or 3% of the intelligence capability. mckenzie said he advised president biden to maintain at least 2500 troops in the country but biden pursued a complete withdrawal as we know. asked why he didn't quit? mckenzie said doing so would send a very bad signal, stu. stuart: it would. he got that right. thanks, ash. the new york city council voted to change the term mother to birthing person. not sure why the word mother is a political issue. maybe karol markowicz can

explain it to me. the mayor of new orleans is refusing to pay money on first class and business class planes saying it is not safe for black woman to fly coach. our media person joe concha is on next. ♪ 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 ♪ ♪

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♪. stuart: perhaps the market feels that inflation has peaked. maybe that is what the investors are thinking because we're propelling stocks prices higher all over again. solid rally at the end of last week. another solid rally this monday morning. the dow is up 300. democrat mayor of new orleans, latoya cantrell, refuses to reimburse 30,000 bucks to upgrade her flights, airline tickets. she insists flying coach is unsafe for black women. here is the quote. my travel accommodation are a matter of safety, not luxury. as all woman know our safety and health are disregarded and we're allowed to navigate alone. anyone questions how i protect

myself doesn't understand the world black women walk in. joe concha, what is going on? >> this is official using gender and race from the bottom of the deck. unless i miss it, we work in news is there some violent trend against black woman on flights across the country that fly coach? i haven't heard any examples of this? stuart: i haven't heard of it. >> she got caught. she is a hypocrite. she is flying first class. the voters of new orleans should voice their outrage because the true threat is in new orleans right now. listen to this stu. it is on pace, new orleans to be the most murderous city in the u.s. by a wide margin. 37 murders per every 100,000 residents. baltimore is second, they have 29 per 100,000 residents. maybe less luxury flying, and more take care of the citizens of your city that are truly under threat. stuart: you got that right, joe. another one for you. it has been what, 213 days since president biden had an interview with the media.

you have an op-ed quote, biden continues to stiff arm the press. why is the president so afraid, seems like he is afraid to do media interviews. >> his handlers are certainly. stuart: oh, it is his handlers. >> you have seen him when he goes on press conference. i shouldn't take anymore questions. they are telling my i should get out of here. who are they? those are the handlers. talking about super bowl sunday, february 10th was the last time he sat down with everybody considering a halfway decent journalist. lester holt. we can't count the interview with jimmy kimmel that was a foot rub. here is what is on national press day not long after taking offers. journalist, uncover the truth, check abuse of power and demand transparency for those in power, at a time when the truth is increasely under attack, fact based reporting open public conversation and accountability has never been higher. talk about the best unintentional comedy out there, this is a president that has been anything but transparent and needs to be held accountable

on many things, claiming that we're at zero inflation or the inflation reduction act will reduce inflation and the border is closed. all these things need to be challenged. he stays away from the press they will be broached. stuart: if he had a tough interview with real journalists with probing questions he would lose his temper. >> that happens often when he is challenged in any way, shape and form in press conference. which he doesn't do many, in interview you can do follow-ups one-on-one. sit down with bret baier or jonathan swan of "axios" that will not happen. you interviewed president trump not too long ago you challenged him. that ended up being very compelling. i thought you did. stuart: to interview president biden you would have to, you know, you would have to ask the really tough questions on the border, on inflation. >> crime. stuart: afghanistan, on crime, and defund the police all that lot. i don't think he would -- it is his handlers. they don't want him to take those questions. >> it is the 2020 campaign all

over again, right? hide and survive. that is how it goes. stuart: it is media if the man can't string a couple sentences together, you got a problem. >> exactly. stuart: so he won't do the interviews. >> supposed to have all the momentum. all these wins, okay, sell it. except they won't put him out there to sell it because they're afraid of cleanups on aisle five, nine and 12. stuart: good one. >> you're all right, stu. stuart: you are too. charlie hurt, karol markowicz and royal commentator lindsey schofield. president biden joe manchin side deal is in jeopardy. the greens are hoping to kill off any hope of american oil and gas production. that is "my take" and it is next ♪

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indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >> defending your freedom, your rights, your liberties and the constitution, that's what this campaign is about. i think they're going to show up in a big way on november 8th and put republicans in charge. >> the younger democrats are in line with the increasing government spending and the higher taxes and the shifting of our energy policy. those are all the ideas that americans don't want. >> i think we will see this cpi decline. i think the inflation numbers are at a peak, and i think we might if see a decline. >> i think the market is going to rally regardless of the fed

and even if inflation potentially hasn't peaked. stock market is a funny hinge, it's the only -- thing, it's the only store in the world where people run the other direction when things are on sale. we've got to run into the fight. ♪ you're so golden. stuart: 11:00 eastern time on this monday, september the 12th. have a look at that market, you'll like it. another rally. solid gains at the end of last week and pretty solid gains this monday morning. dow's up 280, nasdaq is up just over 100 points. big tech doing well today. i'd say it's leading this rally. apple at the top of the list, it's back to 161. amazon, microsoft, alphabet all higher, but meta, the only one of the big tech stocks that is truly down this morning. as for the 10-year treasury yield, not that much change. we're now at 3.28%, slightly

lower in terms of yield. now this. the president goes to boston today. he's spreading the word about his infrastructure plan; that is, the inflation reduction plan which is actually a glorified climate plan. spare a thought, mr. president, for senator joe manchin. the west virginia democrat agreed to all of this taxing and spending only if a separate bill were passed, one which would speed up the permitting process for energy projects and produce more fossil fuels. uh-oh. the climate crowd's not happy about that. predictably, socialist bernie sanders called manchin's side deal, quote, a huge giveaway to the fossil fuel industry. he's going to oppose this thing. and 70 house members say they'll vote against it too. could it be that senator manchin will be cheated? the greens run the democrat party, and the last thing they want is more american oil and gas. pleasure they can't defeat the

bill outright, but they can water it down so much that it has no impact. they're holding it back to the very last minute so there's no time to debate. that's how the greens get their revenge on joe manchin. they want the price of energy to go up. you will continue to pay heavily for the climate crowd's dominance of the democrat party. third hour of "varney" starts right now. ♪ ♪ stuart: charles hurt joins us this monday morning. you think the greens will sabotage senator manchin's energy deal, and they will if they can. >> oh, you better believe they will. and it certainly looks like joe manchin got snookered here. but you know who didn't get snookered are the greenies in the senate who got everything they wanted from joe manchin. and i think it's kind of interesting that, of course, the

only reason that joe manchin would make a deal like this is because he doesn't face voters this november. and, you know, if you really want to know the heart of a politician, it's what does he do when he doesn't face voters in the next election. we're seeing it right here and, you know, i don't know what -- you know, who joe manchin is serving or who, or, you know, what he's trying to accomplish here, but one thing is certain, he's not serving his voters back home because they don't want a green new deal. obviously, you know, the federal regulations and restrictions on fossil fuel exploration are, you know, a matter that are important to his voters, but, you know, we've seen nothing concrete at this point that -- and i guarantee you that as long as democrats are in charge, the fossil fuel industry is dead in this country. stuart: ouch. that sounds dramatic. all right. moving on. vice president harris and hillary clinton are speak out about extremism as they reflect back on the 9/11 if attacks.

watch this. >> we have also, i think, been reminded about how important it is to try to deal with extremism of any kind. i give president biden a lot of credit for trying to continue to reach out to people while still sounding the alarm about a the threats to our democracy. >> i think that we have to admit that there are attacks from within, and we need to take it seriously. stuart: charles, is that legit, to compare the 9/11 attacks to the political climate we have in america today? >> no, absolutely not. and it's truly horrifying. and, you know, the president, they get their cues from the president, president biden has made it very clear that he thinks that half of america are terrorists, they're semi-fascists. and to hear them take, you know,

an anniversary like 9/11 which is probably the most solemn anniversary that we have in america today and to twist it around for political purposes to defame and defile half of the voters all because their political opponents and their voters who didn't vote for them is -- i just think it's the most disgusting thing imaginable. and this is why democrats' days are numbered, i think, you know, in the coming this election and the next election. stuart: but we are told that the democrats have staged a nice comeback. the inflation reduction act and the student loan giveaway, that kind of thing, we're told that the democrats have come nicely back and are no longer in such dire straits when it comes to november's election this year. you don't believe that, do you? >> i don't believe any of that. i don't believe the press that is trying to distort the situation to say that, i don't

believe the polls. i think that in a month from now we're going to be looking at all of these races, and it's going to be looking -- obviously, republicans face some headwinds recapturing the senate, but i think that it's well within reach. and like i said, in this environment we haven't seen an environment this bad for a ruling party since, i think, in my professional lifetime. this is worse than 2010 in the aftermath of obamacare. stuart: i recall that democrats lost 63 seats in 2010 in the aftermath of obamacare. 63 seats. >> the only thing going for them is that they lost a spare amount of footing in the last election, so they're already -- they hold a very slim majority in the house. but i think that this, these elections in november are going to be devastating for them. stuart: okay. charlie hurt, thanks very much indeed for being with us on a monday morning. >> great to see you.

stuart: yes, sir. you walk in on a monday morning and are greeted with a rally, that's what we've got today. dow's up 250. it's moderated a little bit, but we're still seeing plenty of green. jason katz, market watcher on this monday morning. you say this week is a kind of moment of truth for the market. is that because of the inflation numbers we're going to get on wednesday? that's the big deal? >> indeed. i think the market has been waiting with bathed breath -- beated breath. we've -- bated breath. is it going to be the third meet in a row with 75 basis points. the truth of the matter is regardless of whether it's the 75 orbit, i think the market -- or not, i think the market has digested that, so we might get a whole lot of nada in terms of reaction as far as report on tuesday and wednesday is

concerned. stuart: there's a report in the "wall street journal"ed today that says inflation is moderating pretty much across the board. that's got to be what investors are looking at morning. >> without e give -- equivocation. we've talked about corn, wheat, lumber, gas, now it's airfares, now it's freight rates. and so, yes, we are seeing a moderation are. but make no mistake about it, stuart, the fed if needs more than that. they need three months of softening inflation data. they need evidence that the labor market is beginning to moderate before they even consider moderating their tone. so, yes, it's all about the moment of truth today, but the moment of truth in the ensuing weeks will be more about earnings and less about inflation. stuart: we are told that the white house plans a big bash tomorrow in celebration of the inflation reduction act. the theory is they've got a big party tomorrow knowing somehow or other that wednesday's numbers are going to be very good. i think the market's looking at the proposed white house party

tomorrow as a good sign for wednesday, so it's rallying now. >> i guarantee two thicks -- things it probably is a good tell the, number one. number two with, you're probably not invited. [laughter] stuart: i'm not. i'd love to be there. i don't think it's going to happen with biden. that's the way of life. thanks very much, indeed, jason. see you soon. >> you bet. stuart: looking at the movers this morning, there are a couple. start with apple and 3m. they are leading the gainers on the dow, 3m is up 2%. if nice gain. bristol-myers squibb soaring on news its psoriasis drug got fda approval. that's up 6%, huge gain for a company of that size. draftkings up. why? if the nfl season is underway. now this: prince william and prince harry reunited to pay their respects to queen

elizabeth. that was over the weekend. if they did not -- they did not reunite this morning in edinburgh. espn could soon have their own sports betting app. disney isn't ruling it out. we've got the story. the city council in new york is trying to cancel the word "mother." they're replacing it with gender-neutral terms like "birthing people." carol moskowitz is a mom who spent most of her life in new york. does she want to be called a birthing person? we'll find out next because with she's on the show. ♪ ♪ you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness,

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♪ mamma said there'd be days like this, there'd be days like this -- stuart: all right. we show you the statue of liberty here in new york city. we're playing that song to get into the next headline. ing there it is. the new york city council's changing the term "mother" to "birthing people." all right, we've got that. now listen to senator josh hawley who with questioned this kind of thinking back in july. roll tape. >> you referred to people with a capacity for pregnancy. would that be women? >> women, many women have the capacity, many women do not have the capacity for pregnancy. there are also trans men who are capable of pregnancy. >> so your view is, is that the core of this right then is about what? >> so i want to recognize that

your line of questioning is transphobic. stuart: okay, look, we missed the point. senator hawley asked the lady, so can a biological man have a child, and the lady, berkeley professor, responded by saying that is an inciting violence. that was her response. i wanted to -- >> yeah. stuart: now, i want to ask you, why do they keep pushing this change of language? >> well, language is important, right? it ties us together, it shows who's in the in group, who's in the out group, and the new york city council quantities to make sure we -- wants to make sure we know how woke they are. you'd think they'd focus on crime or homelessness or the city schools, but they spend their time on this nonsense. the result is a new york city that's really in trouble. now they take next steps. get rid of their women's caucus, get rid of the committee on

women and gender equity. and don't stop there. we don't want to offend anyone, stu, right? stuart: is is this ever going to go away, or are we going to be having this conversation forever? >> no, i think, i think sanity wins. i think most people hear this and mow it's stupid and offensive and erases women. and i know that it's so funny because so many people on the left can't even talk about this because they know that it's crazy and wrong, and they want to avoid the subject altogether. stuart: are you allowed to say i'm a man? are you allowed to say that? >> well, yeah. [laughter] no, you're certainly allowed to say you're a man. i'm not allowed to say i'm a woman because nobody can really define what a woman is at this point. birthing people for women is one thing. you never hear sperm producers for men, it's just not something that they do. and it's funny that these left itselfs enforce the patriarch key in this way.

only women get erased. stuart: i guess in one way it's funny, and in another it's exasperating and incomprehensiv- incomprehensible, so i'll move on. disney's chief is speaking out about florida's so-called don't say gay bill. he says we certainly don't want to get caught. in political sub subterfuge, but we want to represent a brighter tomorrow for families of all types, regardless of how they define themselves. karol, he says he doesn't want disney caught up in politics, but he did it in the first place, didn't he? >> he absolutely did it. their attacks on florida's parental rights law hurt them. i'm not sure what bob chap ec says disney has won -- thinks what disney has won. christopher rauf foe exposed that disney has this agenda to indoctrinate kids. parents don't feel they can trust this company anymore.

so disney's war is with the parents who have traditionally been their customer base. they don't want us anymore, and we recognize that. stuart: the parks are still full, and disney's streaming service is doing very well. it doesn't look like consumers have retreat treated from disney, the brand. >> well, their last movie was a flop, you know? so -- and i think part of that really was that parents heard that something was going on in lightyear. there might have been nothing overt or political, but parents didn't trust the brand anymore. they didn't rush out to see the movie. and i think diss disney's going to have this happen to them. i've been to the parks, they're pretty amazing, but it will affect them eventually when parents turn away from it. they're trying to court a different audience. that audience has to be big enough to replace children and their families, and i'm not so sure that it is. stuart: it's turning a little cooler up here in the northeast, new york city area. there's a slight chill in the a

air. >> yeah. stuart: are you ready for the deluge of snow if birds who will soon be heading down i-95, heading your direction in florida? [laughter] you ready for this? >> well, i'm ready. if you want to come visit, stu, you can come in. i had my window rolled down for the first time in florida while i was driving around. it was very nice. it's getting a little chillier here too. i think it's 80 degrees today, brr. but you can come visit anytime. stuart: karol markowitz, is that correct? >> that is correct. stuart: i so often get it wrong, and i do apologize. [laughter] see you in florida soon. thanks. another story on disney, another one. work on expanding their sports business. come on in, ash. what are they doing? ashley: yeah. well, disney's ceo says the espn sports networks are critical to his overall vision of the company, one that involves more direct connections, he says, to

consumers. and, yes, that includes wagering on sports. he says, quote, sports betting is a part of what our younger, say under 35 sports audience are, is telling us they want as part of their sports lifestyle. the reporter pressed the ceo on the issue, asking are you creating a sports betting app? he confirms, yes, we're working very hard on that. espn, by the way, has been the focus of investors in recent weeks after activist dan loeb wrote to chapek suggesting he spin off to shareholders to better highlight values. he says they've received as many as 100 inquiries of parties interested in the business. stuart: amazon, they've been expanding their film business for a long time. i understand they're spending an enormous amount of money. how much are they putting out there in the film business? ashley: $15 billion.

but, you know, amazon has a different approach to entertainment than every other major company in hollywood. people are trying to figure out its strategy. it doesn't fund tv shows to make money from them, at least not on a stand-alone business. it uses entertainment to lure you into its ecosystem and then market other products. now according to bloomberg, if you include sports -- amazon expected to spend $15 billion on programming this year -- it's comparable to what netflix and others will spend. but analysts say amazon prime video has struggled to define itself. as netflix and disney stress over new shows attract new customers, churn at amazon, by the way, almost nonexistent. one thing is for certain, amazon can afford to play the long game. last year it generated 470 # billion in sales and 33 billion in net income. that's a pretty good strategy. [laughter]

stuart: giant numbers, that's for sure. ashley: yeah. stuart: check hose markets, almost two hours into the monday trading session, and we've sill got a solid rally going. the dow is up, what, .8, the nasdaq's up .95%. show me bitcoin. nice rally there, back above $22,000 per coin. now this one, thousands -- actually, it's over 100,000 freight workers could go on strike as soon as this friday. that could lead to higher prices and empty store shelves right before the holidays. thousands of mourners lining the streets to pay their respects to queen elizabeth. her coffin will remain in scotland for 24 hours before it's flown to london. we're following the queen's final journey next. ♪ ♪

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♪ well, shake it up, baby, now. ♪ twist and shout ♪ stuart: the producers told us

that you'll like the music, and, yes, i do. twist and shout by the beatles. by the way, that's san diego, california. 73 degrees today. it's always 73 degrees -- [laughter] i wanted to be a weather forecaster there, because you can't go wrong. 300 days a year. susan: is that la jolla? stuart: fire there -- near there, yes. look at the markets, please. the dow up close to 300 points, susan is with me. susan: specifically, they said you would like the beatles. twist and shout is one of five songs that i know from the band, so i can pick that out in karaoke. stuart: this was the song back in the early 1960s, you'd be sitting in your living room, the song would come on the t, and you would cringe -- tv, and you would cringe if your mom and dad were there. [laughter] susan: rebels in the early '60s. i just want to show you bank stocks today because they're twisting and shouting.

higher rates means higher sales. also "the new york times" reporting that goldman sachs is laying off 1-5% of their staff after deal making dropped in the past year because of the slowing economy, a falling stock market. i would say 1-5% is natural attrition for these banks which usually cuts the underperforming staff, right? if so i don't think it's that big of a surprise. we did have jpmorgan and the rest of the banks talk about a reduction in profit because of a drop in deals and also the stock market decline that we've seen. stuart: they're all getting ready for what might be a setback for the economy. but i notice that big tech stocks, they're doing very well. they're leading the rally. susan: they are. what kind of interesting market is that when you see tech stocks and bank stocks and rateses go up, that tells me that maybe we're in an oversold condition and people are buying back in. so tech stocks are up, and it's nice i wore this great colored today. google set to release their new smartphone pixel next month in brooklyn, i'll be attending

that, but google also moving production to i could ya according to the information -- to india. stuart: they've got a phone? hardware? >> well, they've had hardware for many years. it's obviously not to the level of apple and the sales they make, but they are moving some of their production to india. we know bloomberg has reported that apple might augment soft of their -- some of their production in india. stuart: do you got anything on ev, electric vehicle, stocks today? susan: it seems like the market just wants to go up, right? tesla, lucid, lieu -- lucent building 40-50 cars a day after that logistics overhaul. tesla is bringing back up untrained service workers because that's usually year end, right, is when you want to make those production sales targets that you've outlined for the year. also we have oil prices up and, of course, in this green climate push with how many millions and billions of dollars being spent

in d.c., i think some of these stocks are getting lifts -- stuart: you said tesla's bringing back untrained service workers? what's the significance of untrained? susan: well, usually there's a lead time to train some of these workers so you get the right service for your model ss, ys and 3,but they want to get the cars out to people who keep buying those teslas. they promised 1.5 million cars to be produced this year,ing so you need to push that out. stuart: okay. susan: by the way, i was driving a tesla in california, and i again, trying the beta mode of self-driving, it's pretty impressive. stuart: did you actually sit behind -- did you take your hands off the wheel? susan: no, i didn't. you're not supposed to, by the way, but it's good to test it out. you are supposed to keep your hands on the wheel. but if you look at your monitor and the display, they're not using lasers. it's all cameras. cars, pedestrians and even the

color of the lights on your dashboard. stuart: did you enjoy the experience? stuart: of course, yes. stuart: for sure, no fooling around, you liked the thing? >> the fact that it ran so smoothly and quietly, i didn't like sitting around and charge, but supercharger it charges in 45 minutes, a full battery. stuart: as long as you've got 45 minutes to spare. [laughter] thanks, susan. it's a -- been a busy weekend for the king of england. this is my opinion, i think charles has done a pretty good job so far: kinsey schofield joins us now. what do you think? i think charles is coming across rather well. >> i do too. i kind of am excited for the king charles reign. i never thought i'd say something, you know where, as a princess diana fan, i never thought i'd see the day where i was looking forward to a prince charles reign, but here he is. he's been so stoic, and it's actually been really nice to see that transition of him mourning

his father, mourning his mother and his father. we just recently lost prince philip too. but also accepting the responsibility that he has. stuart: what do you think about prince harry and prince william not walking behind the queen's coffin today? apparently, no rah proposalment. do you think this ends up with the prince and his wife ending up in california forever? >> i mean, i do think that they have done enough to end up in california forever. we are hearing that prince william and prince harry are likely to walk side by side along the coffin on monday. they are starting procession rehearsals tomorrow after the queen is flown to london. she's going to be taken to buckingham palace, and they're going to start those rehearsals for the official service on monday. they're going to start those rehearsals tomorrow from buckingham palace to

westminster. so i do think that the brothers, we will see them more united on monday. now, there was -- i don't know if you saw this, but during the procession today in scotland somebody yelled at prince andrew. so he was heckled, and that person was grabbed as soon as he started to create a commotion. and there is debate with royal watchers. they believe it's unfair that prince andrew is being toll he's going to be allowed to wear his uniform, but prince harry is not going to be allowed to wear his official uniforms. stuart: i think the big concern at the moment though is this book that prince harry and meghan have written. we don't know what's in it, but he was paid an awful lot of money to write this book, and he wouldn't have been paid a lot of money unless there's some dirt in it. that's the overhanging problem here, isn't it? >> it truly is. and that's why you're going to see the royal family put on a brave face for the queen and the queen's legacy, but they do have walls up. and i think that's the

intelligent direction to go, because they don't want to end up in one of harry's four books, it was a four-book deal. i think most royal watchers would feel much more comfortable if harry would hand back that big advance and decide that he'd rather focus on the future of his family. stuart: kinzey, thanks for taking time out for us. we do appreciate it. >> i love your handsome face. thank you. stuart: oh -- [laughter] okay. come back tomorrow, okay? see you later. [laughter] the brits, as in the u.k. government, has told foreign heads of state, hey, don't fly private gents or helicopters -- jets or helicopters into london. this sounds like a climate problem, ashley. is it? ashley: i think it's a lot of problems, but authorities say you should arrive on commercial flights. forget the climate issue, just take a commercial flight. arrive on those commercial flights because london's heathrow airport will not be

available for private flight arrangements or any if aircraft parking. if leaders insist on traveling by private jet, they should head, we are told, for less busy airports. how about newcastle? and they are banned from using helicopters to get around as well. you could argue it's climate, but if they've been told to take commercial flights, i would say, no, it's partly based on security but also just the sheer volume of visiting dignitaries. world leaders have also been told, this is classic, they cannot use their own state cars to attend the funeral at westminster abbey on september 19th and will instead butsed en masse from a site in west london. it's hard to imagine joe biden ditching the beast and jumping on a bus, but that's where it stands at this point. westminster. abbey, by the way, will be so packed for the event than it will be immoral possible for more than -- impossible for more than a single representative and their other half from each country to attend.

to see joe jumping on the bus with all the other world leaders, that will be a sight. stuart: yes. i'll pay to see that -- [laughter] and i don't with expect to see it either. ashley: no, i don't think so. stuart: thanks, ash. back to you later. let's get serious. teachers union head randi weingarten hitting back against critics who say she sabotaged children during the pandemic. she says she's been villainized. demonized, i think she said. railways preparing for a potential worker strike this week, could bring 40% of u.s. freight to a grinding halt. jeff flock has our report from philadelphia next. ♪ i'm going off the rails on a crazy train. ♪ i'm going off the rails on a crazy train ♪

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♪ so i'm already gone, i'm

already gone, already gone ♪ stuart: ah, the empire state building makes its return appearance just flanked by the underground building, and you're listening to "already gone" sung by kelly clarkson. we're playing that song because the free coffee at goldman sachs is already gone. got it? the company cut the free coffee perk just as they mandated all workers, you get with back to the office for five days a week. goldman says it doesn't need to -- need coffee to keep employees around. and as we just told you, "the new york times" says goldman is preparing for layoffs as deals have slowed. how about this strike? there are 125,000 workers who represent the railroad unions, and they could strike as early as this friday. jeff flock with us from philadelphia. what are the unions asking for, jeff? >> reporter: well, you know, stuart, when they say it's not about the money, usually it's about the money. but in this case, it does not

appear to be about the money. the money looks pretty good. take a look at what's on the table right now from the presidential emergency board appointed by president biden. it's retroactive pay raises of about 24% over the course of five years, cash bonuses in addition. and as of last week, 5 of the 13 unions had approved that. it's not about the money, it's about the work rules. the unions, the guys that run the trains, say that the rail operators have laid off 29% of their work force in the last six years. that's 45,000 people, meaning the guys who left have to work hard, harder, longer, don't get a lot of time off, have to be on call all the time, and that's where they're -- what they're dug in on. if this thing does happen, it's going to be a mess. 39,000 shipping containers would be idle, three-quarters of the nation's automobiles and trucks

go by rail. if you tried to replace the rails with trucks, it'd take 467,000 of 'em. and cost the economy $2 billion a day. the administration, the biden administration, marty walsh, the labor secretary, has been involved in this, appealing even today for the two sides to try and reach some agreement. but you know what? the ball -- or the bat's out of the president's hands. he cannot stop this strike. only congress can do that. because of the railway labor act, they would have the ability to step in and order that the current deal be accepted by both parties, they could make their own deal, they could order an end to the strike and order more talks, or they could ask for last best offers and pick one of them. problem is with all of that, stuart, is that you've got to have bipartisan support in the congress in order for any of this to happen. right now that ain't happening. you just saw maybe, did you see those cars go by? they come in largely on rails.

and if they don't come in on rails, they don't go out anywhere. you have enough trouble finding cars these days. there's going to be more trouble, maybe. stuart: i'll bet you it goes down to the wire, all the way down to friday -- >> reporter: yep, it always does. stuart: it always does. thanks, jeff. see you later. i want more on inflation, there's a whole inflation-moderating story, because it looks like shipping rates have peaked. ashley, am i right in saying that shipping rates are actually coming down? ashley: they are. ocean shipping rates on the major trade routes have fallen by more than half since the beginning of the year. always you say -- as you say, a potential sign of easing inflation, also the unclogging of supply chains. according to data, the cost to ship from china to the u.s. west coast around $4300, that is down almost 72% from mid january. in comparison, a container ship from asia to europe now costing

around $7800 but that, again, 40% less than the start of the year. the rates, though, still higher than pre-pandemic levels. but record profits have allowed these shipping groups to invest if heavily in more containers. industry analysts predict shipping rates will continue to drop for the rest of this year and into 2023 which will help to to bring down inflation. stu. stuart: it might just happen. thanks, ash. let me show you the dow 30 stocks. we always do this at this time, give you a sense. overwhelmingly, buyers. there's only two losers on the dow 30, home depot and amgen. look at apple, top left-hand corner, best performer. it's up over $5 at 162. that's a breakout for apple, and the dow's up 230. the heritage foundation just released their education freedom report card. florida got the highest score in the country. new york, new jersey and d.c. ranked dead can lasting.

dead last. what goes into education freedom? is we're going to tell you right after this. ♪ and i'm never going back to my old school ♪ ♪ ♪ ♪

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♪ stuart: teachers in seattle on strike again today over a lack of pay and classroom support. the strike began last wednesday. it was supposed to be -- that was supposed to be the first day of school. 49,000 kids didn't go to school. seattle has has, the thin there have already missed four days of the new school year. and the heritage foundation has just released a report on the top-rated states for what they call educational freedom. florida takes the top spot. new jersey, new york, d.c., they are dead last. would you look at that. erica donalds is a former school board member and an education expert on this program. she joins me now. my first question is, what exactly is educational freedom? and how can florida comes out on top -- how come florida comes out on top? >> well, i am honored to be here in the free state of florida, long known as the school choice state. i was happy to be there with the

heritage crew, governor ron desantis, our education commissioner on friday at the freedom report card launch. florida's number one because we have the greatest choice programs in the country. we also have low regulation that helps those choice programs thrive and serve their students best. our spending is efficient, and in the heritage report card it's not about how much you spend, but how well you spend and what your return on investment is. and finally, we have one of the most transparent systems in the country with a-f grades for every single school, high accountability for teacher performance and for schools that are not performing well, making sure that they are held accountable to bring those scores up. stuart: florida's just so far out in front, isn't it? i say this every time we see you. i've got another one for you. "the wall street journal" and the new york post have called out randi weingarten over what they call lies about school closures. now she is deflecting the blame and saying she's being

demonized. where do you stand on blaming the union or anybody if else for the lockdowns during the pandemic? >> well, the union is absolutely to blame for the lockdowns not only, but the resulting huge losses that our children experienced now that we're seeing the test scores where fourth grade reading and math, huge losses, the greatest in math ever recorded, the greatest in 40 years in reading. and the union has no one to blame but themselves. we saw red states like florida open up safely, and the unions continued to fight to keep schools closed like they're still doing, as you mentioned, in seattle. places like l.a. where the superintendent tried to add school days to the year, meanwhile, these students lost a year of school, and he just tried to add ten days, and he's still fighting with the union over adding four optional days. the unions have only themselves to blame. randy wine garth. en is trying to rewrite history

just like she tries to do in our classrooms. stuart: i hear you. erika, please give our very best wishes to your husband, byron donalds, a fine congressional member in florida. thank you very much. >> thank you. stuart: okay. important announcement, folks. on october the 17th, we will be holding a special program in the 11:00 hour with a live studio audience. how about that? tickets are free, but you've got to register online. just scan the qr code on your screen right now. figure out how to do it. by the way, you can also submit questions to varney and you@fox.com. it's time for the monday trivia question, another good one. which state has the most national parks? this is most in number, not in geographical area. california, alaska, utah, colorado? if which is it? the answer after this. ♪ ♪ ngs.

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okay. ashley: ah. stuart: we dropped the ball on that one but so what? ashley: we certainly did. we're rubbish. stuart: see you again tomorrow. thanks a lot for being here. quick check of the market the rally pretty much holds. we had been up over 300. now we're up 172 on the dow. had been up over 100 for the nasdaq but we're up 76. we'll take that green. neil, i'm out of time. it is yours. neil: thank you very much for that, stuart. we're in the green although not as much in the green. the dow up 165 points. we interrupted last week what had been a month for losses pretty much with technology. people saying it isn't what it appears to be. interesting indicator they look at forward earnings to show it is still rich if you want to look at the technology group as an aggregate, if you look at apple, microsoft amazon, tesla, even meta and look at those as a group. they're right now trading at