>> the federal reserve will keep raising its target rate and shrinking its balance sheet so the outlook is not good. >> all the signs point to a slowdown or bigger slowdown and also not a soft landing but a hard landing or longer recession. >> 15, 16, 17 to watch for so we can determine whether or not we hit the bottom and i can tell you none of them are signaling the bottom is close.

>> people with a longer-term time horizon should be locating money, know that prices are much lower than they were in overtime past the inflation. ♪ stuart: pit bull. i actually like it. i like i must confess. it is 11:00 eastern time, tuesday, september 27th. markets show some green. i'm going to call fatah minor-league bounce after all the recent selling. big tech, was a mixed picture but now it is all in the green. apple, 153 and that is up 1.6%, meta 1.3%, solid gains, the 10

year treasury yield inching closer, around 3.92 as of now. now this. suddenly conservatives are winning elections in europe. to the left this is a 5 alarm fire, their political dominance is threatened, for generations europe has been a soft left welfare state run by soft left bureaucracy, they jumped down the rabbit hole of democratic socialism and a lot of on are going the other way. georgia maloney, prime minister of italy, wants the economy to grow, what a concept and she wants something done about waves of immigration flooding onto italy shores. everywhere in the media she's described as hard right. that is a put down. assign a political contempt but georgia maloney won. in britain liz truss becomes prime minister, she is cutting taxes, going for growth and

dismissed as an extremist because she's a follower of margaret thatcher. give me more extremists. in sweden of all places conservatives won power. for how many generations, for scandinavian socialism, immigration changed the game. the open-door policy tore the country apart. the right is picking up the pieces. conservative victor orbach runs hungary. the legacy of angela merkel single-handedly messed up and wrecked germany's energy supply, not quite a revolution but european politics changing fast. may we hope the same thing happens here? our country suffered from president biden's lurch to the left, signs that americans are getting tired of unchecked immigration, unchecked inflation at the prospect of utility bills coming soon. the socialist left is out of steam and reeling, good.

6 weeks to the elections. third hour of varney starts right now. look who is back. lisa booth. can what is happening happen over here? >> i believe so and i believe it is. hooton was a great awakening for so many people not just in the united states but around the world, what did we see? we saw trna and leftist policies, whether here or abroad share the same paul, reduction of the quality-of-life, they destroyed the middle class and it is an affront to liberty. the irony is all these people looking at the rise of a right saying it is fascist, these people push lockdowns, and they have policies and reduction, there's been an awakening that

has happened because we got too close a look what tier randy looks like, and free nations. stuart: republicans build a biden accountability agenda for next year, a series of investigations if they win this year, investigation after investigation. is that when america wants to see? >> look at congress's main objections, the power of the purse and an investigative ability. it's their duty to bring to light what the biden administration has been doing, they have been telling, when you think of how many times we are lied to by this administration, they want to tell us we don't have an open border, they are trying to deny the things we see with our own eyes so i do believe this election, the midterm election will be the referendum on president biden, the midterm

election is always a referendum on the president and that is what this is going to be and if you look at the polls we are not told the truth of the polls. if you look at the 2,020 election, polls were the worst they've been in 40 years, the most inaccurate they've been, state polls were the most inaccurate they've been in 20 years. these people are not even trying to get it right and if you look at robert macauley, who is who i trust in terms of the public polls he's talking about this new group called the submerged voters who after president biden labeled them enemies of the state are not identifying themselves so i do believe republicans when the house and pick up a couple gubernatorial seats and there's effort to demoralize conservatives heading into the midterms but they should not be demoralized. stuart: thanks for being here. always appreciate it. to the markets, still see

green, dow is up to 30, nasdaq is up 150, that is 1.4% gain on the nasdaq getting close to the 11,000 level. kenny, is this a bear market bounce? >> it is a bear market bounce. on friday we talked about the dow theory that got activated at 10:00 friday. we saw what happened on friday and again yesterday, certainly it happened quickly, this bounce just had a bounce and i think there's more weakness ahead as we move into third-quarter earnings season. stuart: explained again the dow theory surrounding the transport. >> the dow transport and dow industrials move in unison with each other and they will detail a trend. we saw over the last couple

months the dow weakened by the dow industrials maintaining above june lows, transports collapsed below july lows so were transports going to rally back or the dow industrials going to fail to hold closer, when i was there friday i brought the point up the we were 500 points away from the dow industrials and in fact we hit it and look what happened, friday we were down 800 points so that suggests the trend going forward is weaker. doesn't mean the bug will fall out but it means beware because the problem is weakness ahead. to be anxious or aggressive. stuart: here is what i keep hearing, that when we get earnings season as you mentioned, in full swing, 10 days, 2 weeks from now if there's any earnings cuts the

market will be cut as well. you agree with that? >> yes. here's what i said this morning. any company now, we've seen it, any company that knows there will be trouble, that wait until the day they announced, is going to get really snacks because people will say where have you been? what have you been thinking of? they acknowledged the fact that is coming whether it is strong dollar or whatever it is but if they announced, if they don't, if they wait until the day they will be hurting and that will continue to put pressure on stocks which again confirms the dow theory argument. stuart: let me sum it up. you are not telling people to hurry up and get into stocks, you're going the opposite way. >> i'm still a long-term bull but i'm building cash because i

think there will be bargains ahead. it is not horrendous. not the way goldman says it is but if we fail at 3600, 3600, 3400, that will provide opportunities. you can't time the bottom, you have to use your head and feather yourself and gradually. stuart: we've got it. thank you very much indeed, difficult time. lauren has the movers, novelists is the equipment rowing machines. lauren: they are talking to the advisory group about what is best for them? options moving forward? they are down 75%. this year. stuart: didn't we see planet fitness go up? lauren: analysts say they are resistance.

interesting that peloton is up. they come in and look at nautilus's equipment. stuart: may be a rationalization of the business. door-the-ash. lauren: with jpmorgan and national card -- mastercard. cardholders get perks. we one harley-davidson. what are they doing? lauren: they spun off their electric motorcycle division and livewire is the name of the company up 1.7%, the first publicly traded electric motorcycle company. stuart: get into it, thanks. crime out of control in new york city, some business owners say it is so bad they can't get people to come to work. more on that. florida's governor desantis slammed by the mainstream media for sending migrants to martha's vineyard, turns out the move was popular with conservative hispanics in

florida. the mayor of miami will be here on that subject, drivers are lining up to buy gas as hurricane ian moves closer to florida, some gas stations running out of fuel. ashley webster has the hurricane report next. ah, these bills are crazy. she has no idea she's sitting on a

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stuart: in flooding the streets of key west. right now it is a cat 3 storm, looks like it will hit the tampa bay area tomorrow or thursday. earlier this morning florida congressman mike walt's sound

the alarm about the storm. >> this could be if the models hold, the nightmare scenario florida has been dreading for a century. you have to evacuate now if you are told to do so. stuart: ashley webster in hernando beach, an hour north of tampa. have most people evacuated? >> no. i would say maybe 50% say they may move out but the rest say move out but earlier today officials in hernando county where we stand put out a mandatory evacuation for this area. all these homes in the sky now system linked to the ocean. a steady stream of people bringing boats in or jet skis and moving out of the border. we are at low tide. later it will be high tide and you add 5 to 8 feet of storm surge, could be more than that,

very likely scenario where the water will pour over the seawall and inundate all these homes. some are being built now and it is built as a hurricane proof home. don't know if enough has been built to withstand those winds in flooding. we will wait and see but this is not going to happen again. storm surge 528 feet, could be absolutely catastrophic. someone told me, this area will be in 4 feet of water. they have been warned, but to get to the original question, are they heating the advice? there still the element of we have seen this before but officials are bringing home the point this is something that hasn't happened in 100 years, this is strong winds, very strong storm surge pushing that water from the gulf into this area, very low lying, one of

the most vulnerable, tampa bay could be in for a real problem. we will have to see how this storm lands. one of models has a coming over here. regardless, the weather is going to turn pretty downhill by this time tomorrow. by wednesday afternoon into the evening we will start to feel the heavy rain bands and strong winds. gas is running out, one gas station in this part of the county just ran out of gas so gas is disappearing quickly and so are the supplies, bottom line, they -- the sheriff's deputy said to me we can only tell them they should get out but we also tell them once the storm becomes too bad, we can't help you. stuart: are you staying in current location? are you staying in your current location as the storm hits? amy: yes we are, that's the

plan. we were thinking of going further south but the way the maps are, we will stay here and obviously look for higher ground but should be interesting. we have been told the power will be out in 3 to 5 days, that is what they are planning late wednesday into early thursday which means power will be out through this coming weekend. stuart: we look forward to your reports tomorrow. thanks. i want to bring in the mayor of miami, francis suarez. how is the weather in miami now? i ask because it looks like the worst of the storm will bypass the city? >> that is what we are hoping for. we are getting those rain bands which are affecting the city, the storm is massive in size and in the event, the storm

turns in our direction. right now looks like we are outside the probability cohen of getting impacted directly from the i and the most intense winds and we hope that continues but we are collaborating with the rest of the state, the mayor of tampa and collaborating through the state with search and rescue teams at a strike team from miami to help tampa in the event we get it directly as it appears. stuart: governor desantis, governor of florida, the executive in charge of handling this hurricane. is a test for him right before the elections? >> i had hurricane irma before my mayoral election in 2017, always an opportunity is a public official to stand up in a crisis, people want to see public officials make executive decisions and it was beneficial for me, 85%, it is an

opportunity when there is adversity to lead and it is an opportunity. stuart: the media has been critical of governor desantis flying migrants to florida to martha's vineyard, fox is told conservative hispanics approve of the governor's strategy, hispanics in florida. you are hispanic, do you approve of martha's vineyard flights? >> a lot of frustration in both parties using -- to make a point when it comes to immigration but i will say hispanics generally, we are law abiding people who believe in the rule of law and the rule of law has to be followed and that means a lot of people who are hispanics waited in line, jumped through all the hoops you have to jump through to

become an american citizen and there's a feeling sometimes that people are bypassing the rules, that is not something favorably viewed by hispanics. of the one may i refer to an editorial i put out the i don't think you saw, i said on a personal level if i see migrants on the streets of new york, i personally would help. i would offer a small amount of money, sandwich and a smile because i think that's the correct way to handle other human beings in human terms. i realize i will be criticized for helping them and encouraging them to come. what is your perspective? am i doing the right thing, personally helping another human being? >> yes. i think absolutely being helpful to another human being is a moral obligation and we would do the same thing in miami.

what we have to do is have a clear conversation on immigration that is nonpartisan. hispanics for example are turning republican. that should depoliticize the conversation, we shouldn't be afraid to have legal immigration on a level that is beneficial to this country in national security interests. when we see supply-chain shortages, in miami we have 1.4% unemployment, that means restaurants need employees, small businesses need employees, we need immigrants given the fact our birthrates are not at replacement rate throughout this world and create a problem going forward to the next generation. blue on the first interview i've ever done where i've not asked if you were running for the presidency but i will dismiss that, great having you on and hope you come back soon.

appreciate it. >> we talked about it last week. stuart: see you later. let's see. the crypto lending, back to cryptos called and he asked, lawsuits and we ate states. lauren: another black eye for crypto currency, cease and desist orders issued and we ate states, the problem is they didn't meet registration requirements of california, new york, kentucky, maryland, south carolina, offering customers interest-earning accounts, some paying interest as high as 36%. don't ever register as a security. i will offer the product. stuart: 36%. theft at oregon liquor stores up 450% in the last four years. they are shouting from the rooftops for help.

we have the story. the liberal media attacking senator kristin sinema for her friendship with republican mitch mcconnell, it is no longer acceptable to get along with people from different political parties, joe concha on that next. ♪ come together ♪ right now ♪ over me ♪ ♪

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stuart: i get it. and we are playing that song for a reason. to a drinking two prides a beer of day can risk your dementia by one third. researchers looked at the drinking habits of 25,000 people over the age of 60. two pint today keep dementia away. check the markets on the left-hand side of your screen, the dow is up 35 points,

pairing its gains big time and nasdaq up 72, all the indicators were up more than that. the view host ripping into her republican cohosts for sticking to their political beliefs. >> if you remain in the republican party given what you have seen, given what you know, are you complicit and is it better to leave the party? >> with you rather have someone trying to reform the party from within? there's going to be a republican party with you want there to be or not. wouldn't you want someone more aligned with you? >> that's not a good strategy. stuart: joe concha joins me, you can't stop watching the view. you are the most avid viewer of the view that i know. >> i am dvring it. popcorn and 3 pints of beer to

keep the dementia away so i can stand to watch the show. 's is the same host who said latinos that vote republican do so against their own self interests. talk about being out of touch with the hispanic community. one recent quinnipiac poll, 70% of less than latino voters disapprove of the job president biden is doing buttock went to sonny, all these folks are too stupid to understand they are voting against their self-interest, what self-interest is that? wanting lower prices for food, clothing, gas, electric bills, wanting the border to be secure and skyrocketing crime reduced, the view under barbara walters had some level of intelligence and now it is a hate fest that gets nasty and personal and invokes race every chance you can but i watch every day. we when it gives you good material, inexhaustible supply. the liberal media is attacking democrat senator kristin sinema for her friendship with mitch

mcconnell. >> despite our differences, senator mcconnell and i have forged a friendship rooted in our commonalities including our pragmatic approach to legislating, respect for the senate as an institution. stuart: in responding to that a new york times columnist says i cannot for the life of me figure out what kristin sinema think she's doing. another progressive writer says she's the worst kind of democrat, republican kind. across the aisle friendship is not allowed these days. >> it is a dirty word, bipartisanship and remember kristin sinema what was arrest in a college bathroom where she was teaching, activists forced her to hide in a stall and they allow the video to stay up, we use to embrace when both sides got along on a personal level. you can see agree on issues but

things were relatively civil, tip o'neil, ronald reagan famously got together to compromise and they would have a drink every night after work and those days are don and social media, twitter, columnists at the new york times, so much snark that if you say i get along with this guy across the aisle or on a personal level your seen as a traitor to your party and that is not how washington should work. we when you have a new book out today, the title is come on, man, the truth about joe biden's terrible horrible no good presidency. 30 seconds to give me a good preview of this thing. >> elevator pitch, not just the biden presidency. we do a deep dive into why this president is polling lower than truman and trump. we look at president biden's

life as a whole, and everything he has done. all the way to the highest office in the land. we look at a media the did everything they could to get this man elected. when i look at the literary landscape. 15 books are coming out about a president and it is not president biden, it is donald trump. there's one book about the current guy in power and you are speaking to the author of it. 15 to 1, who is in power? biden or trump? if you look at the books you would think trump is still president. stuart: you will be climbing that bestseller list in no time, great stuff. stuart: washington post columnist warning of populist rage in europe. what does he mean? >> dave ignatius on morning joe said italy is tired of european leaders who don't listen to

ordinary people and compared what is going on in italy and europe to what happened here in 2016 which gave us donald trump. >> there is this populist rage across europe, swept across america 2016 election. lauren: people are annoyed in italy and the uk and sweden and hungary, don't want to be dictated by brussels. they are detaching from the groupthink. stuart: that is what is happening. socialist dominance of european politics is coming to a end slipping away. possible trump affect. i think it is wonderful. and democrat congresswoman says covid caused her to miss her house vote, turns out she was on vacation. crime up 28% in new york city in the past month.

money businesses say they -- creating more hiring programs. madison allworth report on that next. ♪

stuart: i am about to show you some brutal videotape. not this stuff. what you are about -- what i am about to show you is very tough to watch. it is a brutal attack. role that tape. right. this is a queens subway station, a man viciously beats

a woman and keeps on beating her. it is awful. he goes back and stomps on her. appalling. crime is up 28%. as to the past month in new york city. madison allworth is with us. must be difficult to get people to come back to work on the subway in this city. >> reporter: very difficult. business owners are asking for a change. not only can you not get customers in the door, it is hard to get employees to come in after business like this what is had by crime. i will bring in the owner of nino's. we are standing not far from where you were when a couple months ago, intruders came in with a gun, you saw that gun? telling what it was like in that moment. >> anytime we think about this.

to face the gun, never been before this time. >> reporter: what were you thinking in that moment, you worried about your restaurant but went into survival mode. >> one more chance, to see my loved ones. >> reporter: you and one of your workers, this hostess not only left the restaurant, but left new york city altogether, she does not work at any restaurant in new york city and your son struggles to work here and doesn't want to work here. when you see crime like that would impact does it have on hiring employees? >> rate difficult. never worked in this restaurant, my son loved this business but lately, he sees problems and is hesitating to come and we need our leaders to keep criminals off the streets. we are begging you.

we don't need guns to protect ourselves. we need our leaders to take criminals off the streets, they are not too many. they are coming back. on the streets. we need them and we back them and for us they are not going to help us. neil: >> reporter: thank you. nino is an immigrant and he opened this restaurant 31 years ago. he has been in new york a long time. right now is some of the most difficult times to manage restaurant with inflation, with crime and labor shortages. he doesn't want to leave which is good news for the neighborhood but crime is high and something needs to be done about it. stuart: let's continue our theme on the impact of crime in oregon. knowles are targeting some products more than others like for example liquor stores. lauren: theft is up 460%, 415

burglaries reported this year alone and it is only september and the issue about this, what is the store owner supposed to do? please put back the bottle. can't go after the thief. this is pushing a lot of them out of business. once you're screaming from the rooftops that we need help and nothing is being done they can't keep employees, one was stabbed in the stomach. stuart: how do you get american cities back on their feet when you have video, don't run it again please, too brutal but everybody sees this. neil: a lot of people say i am comfortable about looking around, cognizant of my surroundings but not looking behind you. when i saw the video the subway that scared me. as alert as you are a crazy person is going to be crazy and it is happening over and over. stuart: we debated long and hard whether we would show the video, we decided to run it with a warning in advance and

glad we did because people should know what is going on in their city. thanks very much. show me the dow 30. my sense of the market is this. we had a nice rally at "the opening bell" that has faded. the dow is up only 51 points. a column in politico claims the constitution must be rewritten to stop donald trump. the wall street journal's bill mcgurn is here to respond next. ♪ hi, i'm karen. i lost 58 pounds on golo and i've kept it off for over a year.

it was so easy that the weight just kept coming off. that's when i knew that this is real. golo works. i still can't believe that i look like this.

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stuart: democrat congresswoman cindy askin a claim she couldn't attend a vote on the inflation reduction act due to the ongoing public health emergency. what is the real story? lauren: she is from iowa and she was on vacation in france in august. there's a picture to prove it. she cited i am assuming covid or covid related health emergency for her absence. she has been in the news for not the best reasons lately, member the new york times

article about denying 7 lawmakers? she was named, times said she traded stock with companies that had business in the congressional committee. stuart: i wonder how she's doing in the elections in 6 weeks times. she has to stand for reelection. how's she doing? only time will tell. look at this. it is an op-ed from the founding editor of politico. the best way to save the constitution from donald trump is to rewrite it. bill mcgurn joins me now. less power to the states, abolish the electoral college, term limits for the supreme court and change the wording of the second amendment all to stop trump. >> it would be italy. all these people who want to

cast trump out of politics like they pronounced him unclean, then drive to the edges of society, the way to do it is beat him, come up with a candidate that has better ideas, tells people i can offer you a better idea, not to denounce trump and all that. that just hardens some of his support. so this is ridiculous. if trump is so bad and people see it, he should be easy to beat. stuart: well said. i read your stuff and you say donald trump's fade won't be decided by the republican party elders. who will decide trump's fate? >> the voters. that's what primaries are 4. i think donald trump could be beat. i think desantis is doing a good job to show the focus on your agenda, have a conservative agenda based on opportunity and free-market and take it to the american people

and don't waste time and if you denounce trump that is all anyone will talk about. it is a bad sales pitch, tell people why you would be a better president and your policies would help them more and that is what trump did in 2,016 but not what he is doing today. there are a lot of good republican candidates out there and they shouldn't take -- spend their time worrying about donald trump. we when i wonder if it will be desantis versus newsom in 2024. not supposed to say this but only time will tell, could it turn out that way? >> he is the representative of blue state policies, california very attractive especially with money so in some places it is a

matchup between florida and texas on one side and california on the other side. whatever it would be would be a clear choice of traction. stuart: i'm very happy that i'm in the news business because the news is going to be sensational for the next 2 or 3 years and that is the way it is. thanks for being with us, see you again soon. watch this was we have another crypto alert on a crypto lender. lauren: bitcoin is holding 20,000. gave a cease and desist order, on celsius networks, they filed bankruptcy, they were caught in the terror collapse. their ceo has resigned in the middle of the bankruptcy proceedings, he said too much of a distraction for the company. stuart: all the cryptos up and holding get.

the tuesday trivia question. was the only person to be to be the president and a supreme court justice? john adams? martin van buren? millard fillmore? or william howard taft? i am going to get this right. i know the answer. i really do. my answer is the correct answer, you get them both after this. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2. that's a huge victory. . .

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income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. stuart: you could have looked it up. it is kind of easy thing to do but i hope you didn't.

i hope you just know it anyway. who is the only person to be the president and a supreme court justice? lauren? >> going with william howard taft. stuart: so am i. i'm sure that is, yes it is, thank heavens for that. i knew i got it right. william howard taft was our 27th president and the 10th chief justice of the supreme court. the only person to hold both positions not at same time obviously but in their career. we better check the markets because the market has turned around. we opened this morning with a gain of a couple hundred points for the dow industrials. that has completely faded. we're now down, what is that? i can't read it. 22 points. that is a big deal because the dow stands at 29,200. watch out below, if it drops below 29,000. i want to put this plug in. send in your "friday feedback" questions, what have you. what do you think of our show this week? send your thoughts to

varneyviewers@fox.com. i'm interested in receiving any response to my editorial this morning where i suggested that i would help a migrant on the street corner face-to-face, one-on-one, i would give them a small amount of money and a sandwich to help them out. am i right to do that? am i encouraging more illegality. pass judgment please. send your views to me. my time's up. neil, it is yours. neil: stuart, thank you very, very much we're indeed down 43 points and a lot has to do with reassessment of economy, home sales coming in stronger than expected even though the rate of home price increases started to slow dramatically from the pace we had. sort of a mixed bag. sentiment numbers show more confidence than americans generally have. but it is the hurricane now on everyone's mind, certainly in the sunshine state as ian barrels towards that state with expected arrival sometime tomorrow