trash off. not anything else. maria: yeah, that's right. nobody gets away with not doing the chores that we all need to do. craig, great to have you. congrats to you and thanks very much. >> thank you. maria: craig morgan joining us this morning. tiana and hogan, many things to you. it's been a great show and we'll continue our coverage throughout the day tomorrow. stu, take it away. stu: good morning, maria and everyone. at this moment, florida's governor desantis is about to detail the preparations the state is making for the arrival of hurricane ian. it is currently a category 3 storm slowly moving past cuba toward florida's gulf coast. hundreds of thousands of people have been told to evacuate mainly from the tampa st. pete region. this will be a test for the governor. it's a major damaging storming and governor desantis is the executive in charge. now look at this, a significant

bounce for stocks after a string of sharp losses. the dow could be up about 250 at the opening bell and the nasdaq about 160 points, nice gains but the threat of recession and inflation have not gone away. the treasury market still suggests recession. look at this. the yield on the 10 year coming in -- sorry, that is the 2 year, 4.26%. the yield on the 10 year is well below 4%, that means that is a recession indicator. the yield on the 2 year, higher than the yield on the 10 year equals recession. that indicator still in place. i also should tell you that bitcoin has regained the $20,000 level. how about that. i should also tell you that gas prices are going up again. it's now $3.74 on average for regular and that is up 2-cents overnight. president biden weighed in on gas prices and he got it wrong. he said there's several states where gas is under $3.

that's not true. the cheapest state is mississippi where it's $3.07. then he tried to command gas stations to cut prices. do it now he said. don't wait a month. do it now. it sounds desperate. always blaming someone else and getting angry. in europe, a shift to the right. italy, sweden, britain all lead by conservative politicians and the left is getting anxious about this. the socialists see their decades-long dominance slipping away and what are they doing? just like here, they condemn conservatives as hard right extremists. it's not working. here's a question, what would you do if you saw migrants begging for help on your street corner? it's happening in new york. i'll give you my political and personal reaction to it. i'm not going to be popular with everyone, all though i think lauren will be with me on this one. heads up, lauren. tuesday, september 27, 2022. "varney & co." is about to

begin. ♪ stu: well, energetic movement on this tuesday morning. lauren: i like that jt song. is it new? stu: asking me? todd? >> is berry white still popular? stu: that was the generation before yours. we try to cover all the markets and that includes housing. now, that is a market that's been in trouble recently. this morning we got the latest read on home prices so, lauren, let me guess, prices are going down. lauren: yes, down for the third month in a row. this is for july, the 20 city index did rise 16.1% annually

but it has come down in the past three months in a row. another indication of retracement in home prices as rates rise. where are the outperformers? in florida, the hottest markets right now for home prices, tampa and miami prices are still up more than 31% year over year versus 16% nationally. stu: okay. let's get to president biden going after, really going after oil and gas companies, specifically he's demanding gas stations cut prices right now. lauren: here we go again, the midterms are close, low gas prices are popular among voters and now president biden is ordering again for gas station owners to lower their prices. >> gas companies are still making record profits, billions of dollars in profits. companies running gas stations and setting those prices at the pump, bring down prices. you're charging [inaudible] do it now. do it now.

not a month from now, do it now. it's going to save people a lot of money. lauren: completely ignorant of the operating costs of those small businesses. those gas stations. then he also said, oh, gas has dipped below $3 in some states. completely false. yeah, sure, it's under $3 in some stations but it's above $3 at every state. in fact, the cheapest is in mississippi where gas is $3.07 and look at this nationally, prices rose another 2-cents overnight, $3.74 today up 7-cents in one week. stu: i think he's getting desperate and hung his hat on lower gas prices and know pricee going up and he's getting mad. >> this is exasperating because you wouldn't go to a diner owner saying you need to slash the cost of a blt by 25% especially if you as the government did something to make that blt rise. the mom and pop owners of the

gas stations have nothing to do with the price of gas. they make nothing off the gas. it's off the kit kats and everything in the store. his ignorance begs the question has he been to a gas station in the last 20, 40 years? stu: that's a set and you happen you know he hasn't -- set up ask you know he hasn't. he's moving towards a command economy. do this, do that, wave the wand and it'll work. not the way it works. to the market again, we do have what looks like a -- i'm going to call it a modest bounce. mark typier joins me now. is this just a bear market bounce, mark? >> oh, yeah. you have without a doubt, stu. good morning. look, the market has been completely pummeled over the course of the last 10 trading days or so to close at a new 52 week low yesterday. i would call that a crash. we're in a down trend and, stu, there's probably maybe 15, 16,

17 signals that we watch for so that we can determine whether or not we've hit the bottom and i can tell you, none of them are signaling that the bottom's even close. one of the biggest issues with these bear market bounces, stu, is that retail investors, you know, they probably have avoided buying stocks for the last few days because it's been a complete blood bath, but it's these 1, 1.5, 2% pops in the midst of a bear market that suck retail investors in to break their heart a month from today. stu: i'm told there is a $5 trillion cash pile sitting on the sidelines at this moment, $5 trillion, that's what i'm told. at some point, mark, that cash pile is going to be put to use. put to work in the markets. when do you think that might be? >> and that's been the bull case but it still hasn't happened and there's a lot of cash sitting on the sidelines for good reason as we've been talking about for months and months and months and

we're staring at what is potentially a global recession and a recession that i think is going to be longer and probably a heck of a lot deeper than most people believe. look, as i told you before, we have our clients are like 80% invested, roughly 20% in cash. i probably only have a dozen clients that could sit in cash for the rest of their lives and get through. most of our clients need returns especially with inflation ticking where it's at. at some point that money will come back into stocks but the most important thing is you've got to have a system and a play book and a set of rules to follow when it comes to deploying that cash and don't break them. look, maybe you make a decision that i'm going to invest 10% of my cash when the s&p is under 3700. another 20% when it's under 3500. another 30% if it's under 3300

and you come up with a set of rules or use simple dollar cost averaging and put in a fixed amount every single quarter like clock work and in the end, you'll be okay because the market's not going to zero. the world is not coming to an end. i just don't think the time is buy is right now. stu: not a bad strategy. cue the balloons, folks. it's tepper's 29th birthday today. remarkable the way he looks. congratulations, mark. >> thanks, stu. stu: good luck. i'm going to change the subject here away from birthdays to this, president biden's under a lot of pressure and he's resorting to this command economy i call it telling gas companies to lower prices and do it now. his numbers are slipping. a recent poll has his approval back below 39% approval in that poll. todd pyro, the president is under a lot of pressure and i think it shows. >> of course he's under a lot of pressure. all of his policies have put us in the absolute mess we were in and and yes, stuart, they

celebrated over the summer with regard to gas prices slipping a bit but we all predicted and many times on this very show, in fact, that right around now, gas prices were going to rise again. the strategic petroleum reserved is very, very dwindled and what's the big factor arnold the corner? around the corner? energy prices to heat your home are starting to become a focus because temperatures are getting colder and we saw what happened in europe. that could happen in the northeast. so when that happens, energy is under a vice grip right now and biden's feeling the pressure because of it. it'll be interesting to see what the temperatures, it sounds crazy what the temperatures are that first week of november. if the price pressures because obviously oil and gas are purchased on futures. what happens in that week? it's very curious to see what happens. stu: in some places, the cost of running an electric car is about the same as running a gasoline powered car because gas is high, and electric, the juice is high. reach that point. >> look at your electric bill.

they didn't plan on that and it's hurting them. stu: todd stay there, please. check futures coming up to the opening bell in 20 minutes and dow is up 250 and nasdaq 160. on this show later, msnbc host joe scarborough calling out democrats for hair handling of the -- their handling of the border. >> democrats badly mishandled the southern border over the-several years and horribly and the issue doesn't seem to matter to them at all. it matters to most americans. stu: finally the migrants are having impact on democrat supporters. ian threatens to become the worst hurricane to hit tampa in a century and it is a test for the governor of florida, ron desantis, right before the election. florida congressman mike waltz after this. ♪

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tell your doctor about an infection or symptoms or if you had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reaction may occur. best move i've ever made. ask your dermatologist stu: this is a modest bounce after recent losses or however you'd like. we're up about 270 before the opening bell and nasdaq up about 168. hurricane ian is category 3 storm and barreling towards florida and governor desantis right now is giving an update. we're monitoring it to see what he's saying and i believe he's saying, hey, if you're evacuated, get out. you have to. ashley webster is stationed right now 50 miles north of tampa. ash, the evacuation order was given yesterday. are people listening, are they getting out? ashley: yes, they are but more to today than yesterday and those areas closest to the coast

have now been told they have to be out beginning at 9:00 a.m. this morning and that's already in effect and if they don't get out by late tomorrow evening, it will be too late for them to get any help should they need it. as you can see behind me, a giant hill of sand and it's quite remarkable to watch all these people coming here and filling up sandbags as quickly as they can and it's no easy job and i think the biggest issue with this storm, stu, yes, the winds will be strong but it's a water event. not only are we expecting maybe 5 to 10-foot storm surge but also 12 inches of rain or perhaps more. that is going to lead to flooding, it will also bring down trees, which will affect powers and for the most part these people are trying to fill as many bag -z athey can. let me see if i can jump in and speak to someone. excuse me, sir, how you doing? that's hard work. how many b bags you trying to g? >> ten. >> do you feel safe enough to not leave? >> yeah, you know, i've been

through some before and we're just going to do the best we can. >> just do the best we can. all right, we wish you the very best of luck. thank you. stu, again, we spoke with hernando county authorities and that's where we are right now. they say things will go down rampantly by this time tomorrow and by tomorrow night, early thursday, that's when they're expecting the brunt of the storm to move in. again, rain, no power, they say power could be out three to five days and they're telling people it, you know, prepare, have people left? some have. i got to tell you we'll be going down to the coastal areas later on in the show. i was down there yesterday and didn't seem like people were making any moves to leave. that's going to be interesting to see whether that has changed today. stu, back to you. stu: ashley, if the power's out, it's tough if you've got an electric car because you can't get out. how about the supply of gasoline, how's it going down there? >> yeah, that's become a big

issue. in fact, we were at a gas station earlier today, a big one, 18 pumps, no gas at all. that particular gas station ran out of gas about 4:00 yesterday afternoon and now you see people frantically driving around trying to fill up their tanks and becoming harder to do and other basic supplies. water is hard to find anywhere that sells a case of water for instance. batteries, flashlights, those kind of things but as i said before, time is running out. stu: got it, ashley. thanks very much indeed. we'll be back to you later on in the show. thanks very much. congressman mike waltz is with us, a republican from the state of florida. congressman, i think of this suicide a test for governor desantis as -- as a test for governor desantis running the show, he's the executive in charge right before the election. it's a test, isn't it? >> well, it is, but i have no doubt that ron desantis will pass this test. he's shown leadership through a

global pandemic, through hurricane dorian that came after he took office and he'll show it here as well and the sad but true thing is that our state officials including the great florida national guard have to go through this on a pretty regular basis and they know this drill but, stu, i can't elmore emphasize, if the models hold, the nightmare scenario that false positives' been dreading for a century. if this storm rolls up tampa bay, the low lying areas around tampa bay and st. petersburg, which could get turned into an island of a quarter million people, could be devastated so two things to watch. one, we have a lot of new people that have moved into florida. a thousand a day that haven't been through this before. you've got to listen to your local officials. then number two, there's a lot of florideans around a long time that have had a lot of close calls and maybe kind of shrugging their shoulders. we have to take it seriously,

stu. those bridges, when the wind reaches a certain levels and those bridges, the first responders are not allowed to come get you. you will be on your own and you have to evacuate now if you're being told to do so. so. stu: congressman, am i right in saying the big danger, especially in tampa is the storm surge? i'm hearing that it's possible that water levels could rise like 9 neat. 9 feet. i mean, that is the problem. >> no, that's exactly the problem and especially if the storm slows down. that's even worse because it will literally push water up tampa bay as it moves from south to north and flood all of the areas, many of which because they haven't had a serious storm in the last 100 years have been heavily developed as we've had such big population growth in florida in the last couple decades. decades. stu: congressman, we talk to you about politics but today the storm is a bigger issue and greater threat to florida. thanks for being with us this morning, sir. we appreciate it. >> all right, thanks, stu. stu: check futures and we've got

eight minutes till the opening bell and dow up 260 maybe and nasdaq up 160 and the opening bell is next and we'll take you there. todd:

stu: 4.5 minutes to the opening bell and i see green. dow up 230 and nasdaq up 250. mike murphy joins me now. would you call this just and dismiss it as just a bear market bounce? >> good morning, stuart. i'll take the bounce. i'm not going to say it's just the bear market bounce. we're down here at the lows that we held last time and rallied very hard off these lows. we may go lower, stuart. i mean, depending on what the fed messages to the markets, we could go lower from here. we could go 5% or 10% lower but for people invested at home, a lot of the damage has already been done. we're down over 23% on s&p 500 year to date. so whatever the bounce is, we'll take it because eventually we're going back higher. stu: does it make much sense to sell out now after weathering this storm on the downside?

unless you think that the market is down and will stay down for a very long time. in which case if that's you're out look, get out of stocks and into something more safe. >> absolutely. i don't know what that would be. if you look back over the last say 100 or 150 years, the u.s. equity market has been the place to be. so the fact that we're downright now to be able to buy on this weakness and selloff is a place where people who have a longer term time horizon should be allocates money right now and not trying to figure out what's going to happen tomorrow or the next day but know that prices are much lower than they were and overtime will get past this inflation scare and the market will be higher. stu: i got figures this morning that suggested $10 trillion has been wiped off the value of all stocks traded in the united states. $10 trillion. huge losses. it occurs to me that's going to have an impact on the wealth effect. we had the wealth effect when market was going up and people

had money to spend. now it's coming down to the tune of $10 trillion. that crimps the wealthy effect. that's not very good for the economy. >> no, it's not just not very good, it's terrible. a lot of people looking at statements now are not going to go out and spend money. that's why i would go back, stuart, to this recent move by the fed. as people are opening up their statements in two days of their september statements, they're got anne going to be happy witt they're seeing.ing. stu: is the damage bad enough they're going to pull back a bit? >> you're hearing that now from some fed governors and my hope is, yes, if they need to keep raising rates, it's not a rate. let's see if the rate hikes had an impact or desired impact on the economy they're looking for.

>> when you look at yield on two year treasury and over 4%. if that's a level you're happy with, if you're comfortable getting that 4%, take it. for me, it's not. for me it doesn't work. stu: you're coming around to my way of thinking and what's wrong with 4.24% yield on a two year treasury over a tax break. you're beginning to agree with me. >> i'll agree with you for the ultra wealth yay that maybe the 4% it's good. a lot of pe people out there, stuart, invest to see growth on their portfolios and that 4% annual isn't good enough to really help people in their retirements number one. and number two, it has to continue at that level a year out and two years out when they go to roll it over. stu: that is true. unless they get their money back in full in interest and are happy and lost less than everybody else. >> correct, if the market goes back to where it was six months ago, they'll make 12 or 14 years

of 4% return just in that time. yes, there's risk but again, with extra risk is extra reward. you have to look at both sides. stu: just heaven forbid the market is down and stays down for four years. that would be awful for he can be. >> yes. stu: we're in agreement. whether or not that happens is another story. >> yes, sir. stu: all right, mike, you're all right. thank you very much for being with us. three seconds and the market will open on this tuesday, september 27th. we're off and running at 9:30. we've opened to the upside at the tune of two-thirds of 1% in the very, very early going and plenty of green amongst the dow 30 and when they all open, we'll get most of them on the upside. all right. s&p 500 up over 1% and nasdaq composite of 1.3% and that's a bounce. where it goes i have no idea and showing you big tech are all up and apple at 152 and apple, meta, amazon, microsoft still

shy of $240 per share. elon musk supposed to begin his deposition with twitter yesterday and the stock down a tiny tra fraction but it didn't happen. lauren: neither did the deposition of the twitter ceo. they both didn't show and didn't raise why and raising speculation maybe they want a settlement out of court and maybe there's a potential deal, we do not know. elon musk is in charge of tesla. edge of the quarter he has to deliver more vehicles and focus on that. ai day, the second one and robot expected to be unveiled on friday. stu: friday this week? lauren: september 30th, yeah. stu: somebody dressed up in costume before but now it's a real thing going to be revealed? lauren: or so we think. the camera was not on you. stu: i'm glad it wasn't. it was doing this. the roadblock thing. they're supposed to be a zoom

conference today and pretrial issues and the trial is october 17th and zoom at 130 and it's the confidence and hotel rooms are booked in delaware for this. making fireworks and elon musk on the stand. stu: mcdonalds up 29-cents. one analyst issued a warning. what's the analyst say? lauren: they're saying we're going to put them perhaps on negative watch and they cut their price target to $246 and i'm kind of worried this is coming from citi. stu: that's not much, face it. lauren: they're talking about currency head winds and think about it. u.s. dollar at two decade high and europe in a low and mcdonalds get as warning from citi. stu: and the stock goes up. see what you did. now it's down 12-cents and just knocked a couple million off the

market share. share. lauren: i wore the right color today. stu: yeah, you did. netflix, the news is they're opening a video game studio in finland. why finland? lauren: i don't know why finland. do you actually? stu: skeptical of sand knave ya and they're not. scandinavia but they're not. lauren: they have to bring in another revenue stream. they have mobile games now and nobody plays them. i don't know if your kids do. d. >> reporter: they don't but finland is a tech hot spot and a hub and that's one of the reasons why. stu: what is it about finland? long dark nights in the winter perhaps? lauren: more time to play games. less than 1% of netflix subscribers play their games so they need to get on it faster if this is supposed to be a revenue stream. stu: we spend so long on small subjects. lauren: let's do the next one. electric vehicles. stu: if there's one thing

electric car owners insist on is more charging stations. i believe that hertz and bp the former british petroleum are teaming up to do just that. lauren: hertz up 4.25% and they have to deal to develop and manage charging stations for owners. for people who rent the cars and the general public. the goal is for hertz 3,000 stations in north america the end of this year, up that to 100,000 by 2030 and to have a quarter of their fleet electric by the end of 2024. stu: all right, mike murphy, the man always in stocks, do you own any electric vehicle stocks? >> i don't directly but looking at charge point and looking at the advertising play on all of these, how you had gas station, tv, those little tvs. that was a booming business and as these electric charging stations go up around the country and there's a way to monetize and a lot has to do with advertising. stu: what's the leading company?

>> charge point. lauren: we have a long way to go. i hailed an uber recently and the uber driver came and said i harper lanes are you go -- how far are you going because i didn't charge and it's a headache because then i waited another 15 minutes for a new car. stu: stock up 3.4%. any highlights? >lauren: restaurant and retail and their profits beat. despite growing cost and they came out and said we look and expect commodity inflation of 8%. wage inflation of 5% next year. and still they're able to grow and expand. stu: they've got pricing power presumably. >> could i weigh in here on somebody that likes to eat at cracker barrels? have you ever been to a cracker barrel regardless of the state of the economy where both the wait wasn't extensive and the line to pay your bill whether you purchased a meal or an item

isn't through the roof. cracker barrel has long lines and always busy. i think the they're recession proof and i've said it. stu: you've made your point. i've not been to a cracker barrel in 20 years. >> no shock there, stuart. stu: 29,500 for the dow industrials. dow winners on that list. sales force at the top again. apple moved up to 154, home depot, visa and sysco systems. the top win is generac holdings. >> the storm coming. stu: exactly. royal caribbean -- the cruise lines are back. octa top of the nasdaq list, tesla is in there but shy of $300, nvidia, zoom is on the list. the 10 year treasury please. 3.896%. the price of gold, $16.43.

bitcoin, $20,000. that's what it reached this morning. the price of oil is back -- well, it's at $78 a barrel. still below 80. that's the point. nat gas down 17-cents and price of gas going up again, up 2-cents overnight to $3.74. in california, you'll still pay $5.88. coming up, sonny ripped into republican cohost for sticking with their party. roll tape. >> it's a party of white supremacy, it's a party of fascism. if you remain in the republican party given what you've seen, given what you know, are you comcomplicit? stu: white supremacy et cetera et cetera. we'll get into that. it's gotten scary and dangerous. look at that headline? she's on the show later. we're six weeks from the midterm elections, larry kudlow always says the cavalry is coming but even if republicans do take

control of the house and senate, can they cake stop the big tax hikes? we have more on the show after this. todd:

stu: six weeks to the midterms and these elections could be the most expensive midterms ever. henry vaughn with us. how much spending are we talking, hillary? >> stuart, $6.4 billion and that's the company ad impact and combining with campaign finance data and candidates and groups spent almost $50 million on midterm ads just in the last 30 days. the $6.4 billion in ad spending

that's been spent already surpasses what was spent in the 2018 and 2020 election cycles. ad impact predicts that spending could hit $9.7 billion by election day in november making it the most expensive election ever. but democrats are focusing a lot of spending on one issue. the associated press analyzed ad impacts data and they found they're pumping a lot of ads related to abortion rights into the final weeks before the midterm elections while republicans are focusing on a number of issues that they think democrats are vulnerable on leading up to the midterm election and what's interesting about democrats really focusing on abortion, stuart, is we've tried here on capitol hill to get more specifics about what democrats would stand for in regards to abortion if they'd support any limits on abortion at all because they've criticized republicans 15-week abortion ban introduced by

senator lindsey graham and democrats here are shy on the specifics. stu: hillary, thank you very much indeed. back to you later. larry kudlow with us now. larry, every time you come on the show and say, hey, the cavalry is coming meaning the republicans are going to come to the rescue. but look, even if they take the house and the senate in november, surely they can't stop the big tax hikes or huge spending plans that are already on the books. >> well, that's true but it's not true. i mean first of all the latest poll, this is eye popping poll from washington post abc news in swing districts across the districts and the republicans have a 21 percentage point lead. 21 percentage point-blank layupses that mean the cavalry is coming and may come in bigger numbers and it's probably going to spread to the senate as well.

so let me just puts this on the table, it's hard to forecast, but if you have good republican majorities in the house and senate, they could conceivably make a deal with joe biden. for example joe biden wants a larger child tax credit and a lot of republicans agree with that in which the corporate tax hikes in the last silly inflation reduction act would be taken out. maybe you can sneak in something and get rid of 15% minimum tax and your full expensive and 100% expenses for equipment machinery expiring at the indianapolis of this year and maybe they can make a deal to extend that completely and it would be a booster rocket for the economy. it happened under obama when the republicans took the house and senate in the 2010 elections. and obama made a whole bunch of

compromises including taxes. let's wait and see. it's very interesting this latest poll, which is not a conservative poll, shows tremendous gop gains and of course kevin mccarthy's commitment to america hits on exactly the key issues from this poll. that is inflation, recession, economy, and crime. along with that parental choice and schools and closing the border. stu: let's cheer on the cavalry. >> i think they're right on message and they're going to have a lot of negotiating power with joe biden. stu: let's turn to the markets. there's been a huge selloff in the bond market in the last couple of weeks. does that mean a recession, a nasty recession is coming? >> yes, i think more than likely the soft landing idea is probably out the window. we've had two negative quarters as you know. the third quarter could go either way and we'll get an update from the atlanta fed

later today. that bond crash is long overdue and even as the 10 year gets towards 4%, stu, it's still under water relative to inflation. and the federal reserve is going to keep raising its target rate and gradually shrinking ises balance -- its balance sheet, its monetary base. one of the reasons the outlook is not good is there's no boost to the supply side growth of the economy. you know, because of rising taxes, because of the war against fossils, because of the extraordinary reregulation of the economy, there's no help from the supply side of the economy. the usa should adopt policies in london with liz truss or look at a good supply side policies coming up in italy and prime minister melania and she appears to be on the right track also. the area of woke progressive

things may come to a an end and maybe here in the united states. we'll get back on track. stu: see you at 4:00 this afternoon. larry, i know you've got a special show prosperity in america, it's on thursday from the reagan presidential library. we'll all be watching. thanks for being with us, larry. always good. >> thank you. stu: the president student loan handoff will cost $400 billion. todd, i've seen other studies which put the cost even higher. >> yeah, this is according to the congressional nonpartisan ---stu: cbo. >> yeah, biden's plan and forgiving $10,000 in student federal loans for borrows earning less than $250k for families filing jointly and application to apply for this should be available in october. but you know as well as i do, we've seen multiple different estimates on the right leaning side.

we've seen half a trillion and all the way up to a trillion as to the cost of the american people and on the other side, ie the white house's side, we've seen, this isn't going to cost anybody anything, it's all paid for, nothing to see here. i think the devil is in the details and cbo saying $400 billion is probably the closest and regardless you're paying for it, american taxpayer even if you didn't go to college. stu: can the president unilaterally cut debt? >> legally i don't think he can, but we'll see. stu: thanks, todd. coming up, politico's founding editor talking about donald trump and what will be said about that. question, is beer good for you? scientists say drinking beer every night may lower your risk of dementia. that's next. ♪

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nasdaq up 170. i've got a new report and heating bills expected to hit a 10 year high this winter. kelly o'grady looking into this. how much more are we spending this winter in dollar s? >> about $200 more and to put that into absolute value, that's over $1200 to heat your home and if you're using oil, that's more closer to $1900 and families are dealing with inflation at the grocery store, inflation at the gas pump and now you're going to struggle to simply heat your home. i want to put that number into context though, a new study shows that costs are going up 17.2% this year versus two years ago, that's a 35% jump. we're bracing for a cold winter and concern is brewing how persons, they're going to make ends meet. many parts of the country, we experienced heat waves, which consumers were crunched with their electric bills and add this with the winter already being a tight time for family

withs the holidays. i want to share a quote from the director saying the rise of energy cost this winter will put millions of low income families at risk of falling behind on energy bills and choosing between food, energy and rent. a new poll shows 17% of respondents have missed a utility bill due to financial difficulties and households making under $50,000, that jumps to 25% so don't expect much relief. natural gas prices are expected to stay elevated with the war in ukraine, you look at what's going on with energy costs in europe and that's chilling. utility companies are sharing tips on how consumers can conserve energy, have your heating system inspected, change out your led lightbulbs but, you know, you're living paycheck to paycheck, looking for lower prices. stu: get real. up 17% this winter, 25% of households making less than $50

grand are not paying utility bills. >> out of all the senate battleground states, pay attention to new hampshire. they get colder first. stu: you got it. excellent stuff. did you want to say something? lauren: i wonder if the white house has a reprieve for us this winter. stu: if they do, i'd like to see it before the mid terms. lauren: might be an announcement. stu: never know. thank you, kelly, for being here. i know you're based in los angeles normally. todd here for the hour. thank you. >> i'm based in connecticut. stu: still ahead, senator roger marshal, brian k kilmeade, lisa booth. the 10:00 hour is next. ♪

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stuart: have you noticed we have a terrific string of good weather in the new york area. we shown use this shot many times over the past few weeks, bright sunshine and blue sky. 10:00 eastern, let's get to the money, lots of green this morning, the dow is up 250, nasdaq up 160,