>> i think we have a delusional administration lying about the border, like about the economy, redefining what a recession is and i think it will backfire. >> this is remarkable to listen to as they pretend this is new and the governors are the problem. >> this is one of the worst years on record, trillions of dollars has been destroyed, inflation is hollowing out this economy.

>> i can't time when the market will be up or down, we need to evaluate or protect assets. we need to look at our fears. ♪ i don't want to work ♪ i went to bangor every joke all day ♪ stuart: i like the upbeat music. it is friday morning. todd rangarun, bang on the drum, that was more paul marquardt a, i know this stuff. it is 11:00 eastern and it is friday september 16th, check the markets. not as bad as it was an hour ago. dow is down about 300, nasdaq is down 200, still a selloff, big tex tame story, still selloff across the board. they are all down. alphabet, microsoft, apple, meta, amazon, percentage dropped as well, the yield on the 10 year treasury, 3.

43% but hold on a second, the yield on the one year is 4%, that is very important stuff. now this. the migrant crisis has the administration truly rattled, the white house is considering legal action against republican governors who send migrants to sanctuary cities where they are supposed to be welcomed, gross hypocrisy. how funny governor gavin newsom wants the justice department to consider kidnapping charges. the fact is texas and florida are showing the liberals what they have to deal with. when 50 migrants arrived suddenly on martha's vineyard democrats called a humanitarian crisis. when a thousand today arrive in el paso it is ignored. which liberals in massachusetts suddenly realize biden's open border hurts them but they don't like it. 100 arrived unannounced it kamala harris's front door

governor abbott was exposing the hypocrisy of the vice president who repeatedly said the border is secure, no it's not. what governors abbott and desantis are doing is making the country aware of biden's border mess and things are going to heat up. the migrants will keep coming, why not? they might get a free trip to a city of their choice, the buses will keep running, more rolled into new york this morning and the administration will continue to deny reality, trump is not to blame, republican governors are not to blame, this is on president biden but like his energy and inflation failures he won't admit it. he will lash out. he is an angry old man. third hour of varney starts right now. stuart: i'm coming out with some strong stuff this morning, steve hilton joins me now. before we get to governor newsom, what do you think?

i am saying the president is an angry old man. i'm aware of being rather harsh. you want to chime in on this? >> couldn't agree more. i said the same thing myself on twitter this week, he's turning into a parody of an angry old man. he can't open his mouth in public of these days without yelling at people. even when he think that is good news he was yelling about inflation and that is all he does is yell at people. that is exactly what he is, an angry old man. the rest of the country has a lot to be angry about based on this angry old man's record. we when you've got a bone to pick with california's governor, what is the bone you want to pick? >> you used the word pathetic and you are right. on one level this is laughable but it is not because while he is picking these pathetic political fights, engaging instance with governor ron

desantis and abbott and so on in order to push himself to the floor of the pack for the president on nomination, while gavin newsom is doing that, in california, hundreds of children, he talks about cruelty to children, in california, hundreds of children are dying because of fentanyl poisoning. why don't you do something about that, gavin newsom? why don't you do something about the smuggling drugs across the border in california? why don't you do something about the families having to face the prospect of grieving because of these completely insane policies instead of doing something about that of the crime and disorder and chaos in california, picking these fights, it is truly pathetic. stuart: you are like a lot of people, getting hot under the collar, increasingly so as they

see this going on all the time, the president in a state of denial. one more for you. a democrat running for mayor of los angeles, congress and karen bass admits she does not feel safe in her city. roll tape. >> angelenos around the city are not feeling safe and in many neighborhoods people don't feel safe, they would like to see an increased presence of police officers, we need to get officers on the street as fast as possible. stuart: hold on a second. i'm sure that karen bass at some stage in the last couple years has been asking to defund the police. hasn't she? >> even if they whittle away by saying i didn't use the words defund, they were all in on attacking the police and accusing them of all sorts of crimes and by doing that not just the defunding, the demoralizing of the police had such an impact on the crime wave because the police think why should i bother if i'm not

going to be supported, just be undermined by the elected leaders and on top of that not just about policing in los angeles but the da's office. george gascon who she supports and the police, what is the point? even if i arrest them they are never going to be charged, prosecuted, if they are they will slap them on the wrist. it is the whole system, it is a pro crime philosophy. stuart: tomorrow is national constitution day and citizenship day, both you and i should be celebrating and we will. i think we lost him. >> i am here. i wasn't aware of this. so often i think this is my first whatever it is since i

became a citizen, but it is such an important day. i remember it so fondly even though i had to wear a mask so i didn't get the full ceremony. and incredibly crowd day - proud day as it is for me as it is for you. stuart: we will tolerate together. see you again soon. we will be watching you on the next revolution sunday night at 9 p.m. eastern on fox news. back to the markets please. fair amount of reading down 260, nasdaq down 170, not a rallying day at least yet. welcome back, good to see you again. are we near the bottom of a market? >> not quite yet. with the inflation numbers as high as they are, consumer sentiment hanging in the balance, the market can give us door bad news.

blue when could we retest june's lows? >> we might but we don't see earnings getting better with companies tackling inflation issues and drop off. stuart: that was a nasty shock from fedex. they said we have a global recession and stock has fallen out of bit. >> reporter: the s&p 500 roughly 40% of revenues generated from overseas, and better weakening, global demand for volumes. stuart: a hard time to be positive. it doesn't look good. i notice you are wearing black and you have a british accent. are you grieving for elizabeth? >> i am. we try to be positive. i have great affection for the queen. stuart: this is a financial

program. what are the finances of monarchy in britain? >> reporter: more complicated than people think. there's a preconception the royal family is the wealthy overlord, but that is not the case. they have a lot of private assets, self-funded to a large degree but the british state gives the royal family 100 million pounds per year to pay for upkeep but tourism generated by the royal family generates 5 to 1. i would take that investment return. stuart: that is not bad. tourism gives you 500 million, gives the royals 100 million. thank you for being with us. we will see you again soon. let's go to lauren who is watching fedex. lauren: everyone is talking about fedex. it is the most talked about company in the us in the last 12 hours. one of the problems fedex is

referencing, their problems or everybody's. she think this is a credibility issue, what happened in the last 3 months that they are withdrawing guidance they gave in june? between july and august and september. stuart: we are heading toward the global recession, he thinks we are headed towards a global recession. i am told the market, the economy around the world has not fallen off a cliff but slow dramatically in the last couple months. >> particularly in asia and europe and there's a dichotomy. stuart: coming for dollar general. >> haven't done a winner all day. it is a one% gain, dollar general says we are committed to one dollar, fifth of the

items still across where everybody started raising prices so they are expanding the dollar section. dollar tree sells most of their items for $1.25 or $1.50. if the fedex ceo is right and there's a worldwide recession people will go. stuart: dollar general is a winner because of that. ball arrow. lauren: bowling people. another winner. it is up 5%. they recorded a surprise profit versus a year ago loss of higher sales, revenue up 68% in the quarter. stuart: that will work. uber is investigating after a major hack attack, the hacker claims to be a teenager. we are on that. the ceo of mcdonald's sounding the alarm about crime in chicago, workers are afraid to return to their offices downtown. the white house claims they have, quote, done the work to

lower costs and fight inflation. the consumer price rippled 8% from a year ago. edward lorenz has lawrence has the story from the white house next. ♪ ♪ one minute warning never bargained for you ♪ lots of people talking ♪ you will let them know ♪ heaven was created below ♪ [sfx: ding] [message] hey babe, meet us at the bottom of the trail.

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stuart: major league's financial story of the day, fedex warning of worldwide recession. let's get to edward lawrence at the white house. is anyone else warning of a global recession? >> reporter: the world bank

said the risk of the global recession has increased because of inflation over the next 12 months in the us, we are seeing poor inflation in the us rose for the first time in five months and this tells the federal reserve inflation is more entrenched in the economy. they are working on it. >> they are doing everything to bring down inflation pressures, and to see them lower. just like doing what i can to make sure people get into good opportunities. >> reporter: one quick fix by the american petroleum institute allowing the us to produce more oil and natural gas. >> none of the policies have pursued issues where we continue to produce in the united states and continually from this administration more restrictions, more regulations

on this industry which is hindering american production rather than encouraging it with first ability in the marketplace. >> reporter: the white house saying the inflation reduction act. >> look at that planet will lower prices, healthcare prices, and it is important which is a fight members of congress and the president included have been fighting decades against big pharma. >> reporter: the atlanta fed and gdp estimate down and out 0. 5% growth% growth in the third quarter after a negative first and second quarter, that estimate is coming down and down and down. >> reporter: staying on inflation. stuart: a new survey says half of us, our wages have failed to keep pace with inflation despite receiving a pay bump. sandra smith with us. what this means is our standard

of living is falling as we speak right before an election. >> reporter: i interviewed a couple in the middle of kansas yesterday, hard-working couple, both full-time jobs raising a family who said they have to buckle down to the point they are only able to buy what they need, not what they want. some might say they've both got jobs, they are employed and not so bad but that is a real economic sign we are living in. economists watch that. when you have a shift in the economy where people are only buying what they need and not what they want, take fedex for example taking notice of that. fedex shares, i look at as a leading indicator in the economy. they see something coming in the global slowdown, buckle up. this is where we are today. incomes are stagnant. they have not budgeted since president biden took office, wages are nowhere close to keeping pace with inflation. all your added wages are

gobbled up by high prices. stuart: you know about money and you also know about politics. governor newsom launched the billboard campaign, 7 republican states touting california's abortion laws. do you think the abortion issue is what democrats will hang their hat on in november? >> you look at the real clear politics average, the margin of potential victory shrinking between republicans and democrats, it was much wider a few months ago. it is significantly shrinking and shrinking the chances of the red wave that was projected a few months ago. are democrats championing that message? winning on messaging? many analysts are making that case. republicans have a lot they can talk about including inflation, the economy, the top issues for voters, 4 american voters republican and democrat but if democrats win on the messaging

and this election becomes about worship, that puts it on the favor of democrats. we've seen that in the polling so far. stuart: that would be a real turnaround. when everything is going to pot so to speak, the economy and the rest in the border and everything and come up with another richmond when on that other issue that is extraordinary. >> what they are trying to do right now but look at what is happening at the border, with inflation, look at what is happening with crime in great american cities. republicans have a lot to work with and they've got to get the messaging right 53 days out. stuart: you went to london to cover prince harry's wedding. >> i was not a true royal observer or study of history but it is a be a full place. stuart: i've got to tell you i am vigorously opposed to prince harry. i think he should be stripped of his title and sent to

california. am i being harsh? >> you were against him based on his antics, post oprah winfrey interview talking about things that have been talked about with the royal family. my country embraced harry and megan in 2018. they welcomed her and him together, the streets were filled to applaud them in their marriage. those tactics they deployed since then. i want the best for him. people say that but i would like to see them reunited. harry and william and the royal family. a show support for his grandmother, things are about to happen. stuart: i am kind of harsh today. would be nice if they got together.

i believe love at first sight, when you see your newborn child, that is when you feel love at first sight. >> is concerned about their titles reportedly and if charles goes on and strips royal titles reportedly, not happy about that. stuart: the producers are telling me that. we will see you at 1:00, you are all right. change the subject of. . many mcdonald's employees have not returned to chicago headquarters. why are they not coming back? ashley: they fear for their safety. mcdonald's ceo says lack of safety is indeed keeping his employees from returning to the company's headquarters in the windy city. crime is up 37%. chicago mayor lori lightfoot has not responded to those comments but still pledging to

keep the company headquarters in chicago even if half the people aren't there and even has plans to build a new innovation center in the city but that is not addressing the crime and the problem with employees saying they don't feel safe going into the city and back to their office. stuart: i've got you, thanks very much. christianity is on the decline and could use its title as the most popular religion in this country in a couple decades. pete hegseth on that. the new iphone 14 is available to buy. susan lee at apple's flagship store in new york city, think she picked one up for me? doubt it but i will ask her, she is next. ♪ ♪ ♪

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stuart: that is 6 avenue, getting your lunch time, just about dessert. don't only we are back in the midtown manhattan office buildings.

it is 49%, workers back in the office on any given weekday. we are not back yet. checked the markets please. slipped a little to the south, down 327 points on the dow, down 190 on the nasdaq so the selling continues this friday morning. how about apple? they've introduced the iphone 14 on sale today, the stock dropped below 150. susan lee is at apple's flagship store in new york city where the iphone 14 is going on sale. can you buy me one? susan: are you going to give me back the money? $1000 or so and show you how to work it but if you want to ask how strong the consumer is look at these lines outside apple's fifth avenue store, they have been steady since 7:00 am. some of the individuals we spoke to, these apple fans tell us they are lining up since

last night to get their hands on the new iphones which shipped today, 3 of the four, with wearables as well. apple ceo tim cook opening the doors of the store on fifth avenue, the iconic apple cube himself, more than the statue of liberty every year and spoke to each of those eager apple fans. we ask why they are spending. >> i know in europe the price increase. >> the same price as the one you had before. >> apple has so many loyal customers they continue to attract people the way they do their launch event. >> reporter: high inflation, slowing economy not stopping these individuals from getting there expensive apple devices.

jpmorgan say the iphone 14 is selling better than they anticipated. 90% of the traffic for those lines. that is the colored. stuart: i will take it. bring it back to the studio. stuart: a new report from pew research says christianity is declining in this country. in the early 1990s 90% of adults identified as christian. that went down to 64% in 2020. pete hegseth with me now. you are christian. why is this happening? >> these are alarming numbers, dangerous numbers but it is a gradual thing. i don't want to put it on one generation but a lot of the world war ii generation said we fought the nazis so you didn't have to. we fought them so you didn't have to and they gave us

everything we wanted, prosperity, opportunity, comfort, ease, the boomer generation, we didn't pass along through families and parents the nature of faith, go to church, be intentional about prayer around the dinner table, pass along stories that have been core to our republic from the beginning, so we took for granted the cultural osmosis of america would push gradually kids into christianity, the faith of their parents and when you are casual about that other cultural institutions captured their minds and attention, their affections whether it is school, media, secular government. as a result we drifted and we are drifting quickly. stuart: you used the word dangerous to describe this downtrend in christianity. why do you think it is dangerous to our society to move away from the judeo-christian ethic?

>> i know my own life. has fallen center. i know without a compass or true north to look to to strive to as an individual are got a lot of other bad options of the world is offering. i going to those pews on sunday knowing i need the redemption of jesus christ. that's a humbling moment. it puts me in perspective in the world, when you tear that and our founders talked about it, our system is only set up for religious people who have a moral compass because if you don't have your own moral compass the leviathan of big government shows up to provide its own of how you ought to live which is insufficient for free people. you can get free government to people who have self-governance internally, faith provides that, nothing else can replace it, no new social justice fad or climate worship or you do you, it doesn't work so if you know your failed nature, you have to appeal to our creator. a lot of things cascade from that. our civilization, was predicated on christianity at

the center. when you lose that everything else -- stuart: only fox allows a free and open discussion about christianity. >> imagine another network. stuart: cnn and nbc you won't get this. shall we talk politics? governor desantis is calling out sanctuary cities where their hypocrisy. watch this. >> all those people in dc and new york beating their chest when trump was president saying they were proud to be sanctuary jurisdiction saying how bad it was to have a secure border. the minute even a small fraction of what their border towns deal with every day is brought to their front door they all of a sudden go to zürich and are so upset that this is happening and it shows you their virtue signaling is a fraud. stuart: spell it out.

the mess at the border, this migrant mess is on president biden but he will not admit it. he will lash out and is becoming angry old man. >> he is an angry old man. he will look us in the eye, his press secretary and say the border is closed. reminds me of baghdad bob when he said don't believe your lying eyes, we know it is open, the illegals will tell you we are coming because it is open, we get pictures from people who have already done it. it was easy, come on in. these flights have been happening in the dead of night to cities and states as the governor said at that press conference for years now, president is facilitating this movement, these republican governors, governor abbott as well, giving the left what they want. we have sanctuary cities and sings where he states, they live freely. it is not a sanctuary state, will happily bring them to you

and bring it to martha's vineyard, bring the problem home and there is a political component but there's a principled component to this. and i love it. stuart: governor desantis has a sense of humor sending 50 migrants to martha's vineyard. >> the vice president is supposed to be in charge of the border. stuart: we will be watching you tomorrow on fox news, 6:00 to 10:00 am, you have a 4 hour show. i do three hours with one. neil: i couldn't do what you do. stuart: i've got something to show you. that is a flying motorcycle vote made its debut at the detroit auto show. it can 540 minutes at a time at speeds of 60 miles an hour. it is not cheap. we will tell you about it. one of those things. you are young man.

the department of energy says its plan to restock the emergency oil supply likely won't happen for another year. and jeff flock jeff flock has that story from philadelphia, jeff is next. ♪ ♪

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stuart: that is indianapolis, it is a near half billion dollar, the money will go towards renovating is marian medical center which will help in the production of electric vehicles. and it can fly for 40 minutes at a time, speeds up to 60 miles an hour.

it is already on sale in japan. you can biden america next year for $770,000. the company behind the flying bikers public on the nasdaq later this year. the biden admin a straight laying out plans to refill emergency oil reserve. jeff flock has the story. when is it going to happen? >> reporter: we don't know but we think not for a while. bloomberg reported the president was considering starting to refill when the price of oil hit $80, the doe pushed back on that saying not for another year and no price in their but spr is at the lowest level it has been since 1984. look at the numbers, 434 million barrels of spr. the holders 700 million. when president biden came to office it was 638 billion so we drained 200 million out of there. worth noting last time we

talked about filling it was donald trump in march 2020 back then he wanted to top it off, fill the spr to the brim by 77 million barrels which would cost one. $3 billion. that same 77 million would cost $6.2 billion. oil analyst says we made a mistake back then, when democrats block that move because they said it would be a bailout for big oil. >> it is my opinion the government should have taken advantage of the low prices we saw in 2,020 when the pandemic resulted in significant decline in demand and producers were looking to store crude oil any place they could find it including oil tankers. >> reporter: he does tell us he thinks the spr release shaved off of the average gallon.

and $3.79 all and was that worth it, to drain the spr as much, we won't need gas anytime soon going forward because everything will be electric, and you and i can benefit from riding bicycles. stuart: let's be honest about this and i don't ride bikes. it is as simple as that. i might consider a flying bike. have a great weekend. and the stock is down 5%. they are investigating a hack attack. what happened? ashley: reports a hacker compromised the workplace messaging apps slack and used

it to send messages to employees saying the company had suffered a data breach. it appears the hacker was able to gain access to other internal systems, posting in a close it photo on an information page, the hacker may have posed as a corporate it employee and persuade another employee to hand over a password that allowed access to uber systems. that person is in trouble today. uber was forced to shut down several internal communications and engineering systems. sack is investigating the breach but says there is no evidence of vulnerability it believes inherent to that but the hacker identified himself as 18 years old. stuart: thanks very much. here is the moment we show you the dow 30 to give you a sense of a market. a good sense from that, a lot of selling on the dow was down 1%, 334 to the downside, 30,600

is the level. don't go anywhere, friday feedback is next. ♪ [sfx: ding] [message] hey babe, meet us at the bottom of the trail. oh, man. hey!

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stuart: we are playing harry styles for my granddaughters poor adoring fans. we went to the concert and that is why you are playing the song. is that new bedford, massachusetts? let's get on with it. friday feedback, lauren and ashley are with me. this comes from kristin. what american custom did stewart and ashley find most bewildering. i will go first. ice and water. when i first came to america, you have ice water, room temperature water. ashley: you have to ask for ice in europe if you're going to get any. first thing i remember is weird as the money is all the same

color. everywhere else different denominations, different colors because it is easier especially for elderly people to tell the difference of how much money they are handing out. i think it would be great to have colored money. air conditioning, first thing i noticed when i came to america walking into a supermarket in la going from 110 ° to this is incredible. lauren: the food is really good here too. stuart: i'm sure she is glad she asked the question. why do you say roll tape? i believe tape is obsolete and all the videos stored on hard drives. just an expression, the way i you the director to put the video on screen. is that a good explanation? lauren: is your trademark. the producers right that when ashley fills in for you but do you say that? ashley: i do.

i picked it up from stu. all these varney habits, very old school. stuart: a registered trademark and if you use it -- lauren: like you are all right. stuart: from larry, we watch your show every morning, my son asks when we get home from college what did varney say today? my question, who is the most important or impressive person you have ever interviewed? absolutely easy, margaret thatcher. lauren: on the spot, i don't know. i don't know. we when you have forgotten? lauren: bill clinton. stuart: you interviewed bill clinton? lauren: i got one question in. stuart: what have you got? ashley: mohamed ali many years ago, got lucky. stuart: this is from becky. and the king just a figurehead with no real power? why would the king's politics

matter? they don't matter as long as he never expresses a political opinion. they do matter if he expresses a political opinion like some climate stuff or something like that. have i got that right? what are you frowning at? lauren: we might hear political opinions from king charles. we went very probably. you think so? ashley: yes. stick to being king. it is not your area. stuart: richard right this. will there ever be a varney and company dance off? stuart: no. lauren: i would love to have one. stuart: ashley is a renowned dancer and so are you. lauren: we did dance and you can never see on camera. you haven't been on set in a while. stuart: the only dancing i would like to do which i cannot do is ballroom dancing.

you hold your partner and go around with the music. that is graceful and beautiful. if i could do what i would do it. one more. this is from our the. where is the setting for your show of america built? your home? a library? it is an architect's office in new jersey. lots of maps and plans. lauren: are you supposed to be sending? stuart: why not? lauren: you can change it up and it looks different and viewers think you are not in new jersey. stuart: you can watch american bill tuesday starting at 8 p.m. eastern on fox business. we are out of time. anything more to say? no, done. thank you everyone for sending your friday feedback, time for the friday trivia question. lauren: are we allowed to guess? is is stuart: we can look up. the mayflower set sail from plymouth, england on

september 16th of which year? 1492? 1542? 1588? 1620? i think i know that one. the correct answer after this. thanks, dad. that's right, robert. and it's never too early to learn you could save with america's number one motorcycle insurer. that's right, jamie. but it's not just about savings. it's about the friends we make along the way. you said it, flo. and don't forget to floss before you brush. your gums will thank you. -that's right, dr. gary. -jamie? sorry, i had another thought so i got back in line. what was it? [ sighs ] i can't remember. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities.

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american did not know. >> the ship landed on cape cod november 21 that year, 66 days after setting sail. >> ashley just schooled me. stuart: it's been a great week, ashley, lauren, thank you for all the help is been terrific and we will be back next week to do it again. why not. my time is absolutely up. my weekend begins now. neil it is yours. neil: thank you very much my friend we have a selloff going on despite news you would think would be accommodative but not so today, what are the things we followed what's happening with the dow transportation average, a lot of people subscribing to the dow theory, look at transferring stocks, there among them tracking, real concerns, airlines is supposed to be an indication of future demand building for the economy. if that is the case and given the roughly 22% fall