tv Varney Company FOX Business October 6, 2022 10:00am-11:00am EDT
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care, eye exams and glasses, hearing aids, and more. a licensed humana sales agent will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today, and we'll also send this free guide. humana. a more human way to healthcare. stuart: a lot like this. we've broken the rain spell. it is straight to the money. with her first course on the nasdaq, we were down, now up a tiny fraction, the dow down 140
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points going up $3, the price of oil was going up still going up $88 a barrel. bitcoin $20 a coin hanging on barely. just after 10:00, that means time for mortgage rates. what have you got? >> it is down a bit from last week 6.7, a year ago under 3%, 2.99%. >> mitch rochelle is with us, big picture, what's the effect on the real estate market since march. >> it hurts a lot and the first time homebuyers are getting beaten up the most, not only did they grapple with the
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higher mortgage rate they lost money they saved in the market on top of that, their entire basket if you look at the cpi number shelter cost is part of the cpi, they are getting to the point i don't think i can make this move, they are still chasing houses. the only saving grace is rents are going up more, housing prices, the reality is it is going to break and i said we are close and the 666 might not be the tipping point, just the headline number, people not bothering to look. stuart: in florida it will take a long time to rebuild and establish demand, that surely is going to mean the end of the
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florida economic boom. >> i disagree. i am no john kirby, go easy on me but people on the west coast who lost their homes, they will rebuild those homes and probably stay there but people want to be in florida who were on the west coast move to the east coast, that is what is happening. in the naples area, in sarasota, some of those hard-hit areas, houses are either washed away or will take a while to rebuild the area and are asking where should i live on the east coast. they are not ready to move back to massachusetts because they can't stay at their house in florida, they want to find a place in florida so the vast majority of those bodies will stay in the economy and all that rebuilding is good for the economy. stuart: you may your point.
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thanks, now this. the president of the united states begs the saudis to pump more oil, they refuse and pump a lot less. than, national security adviser jake sullivan threatens opec, he will get congress to reduce their power. that' s a toothless threat. it gets worse. the wall street journal reports biden is negotiating a deal with the venezuelan dictator nicholas maduro. we get our dirty high carbon oil. maduro's wife got her two drug dealing nephews back and he promises to hold free and fair elections in 2,024. if that is not embarrassing, what is? biden's energy failure has bad consequences. oil prices going up, good news for russia to finance the war in ukraine, bad news for europe, and terrible news for
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american consumers, the national average 386, say hello to $4 soon, already $5 on the west coast, $6.42 in california come of that inflation and you can lay that firmly on biden, he got the ball rolling, on day one he ended america's energy independence, he did the bidding of the greens, to opec and russia that america would no longer dominate energy production, signaled to oil companies that they were evil, put them out of business and look where we are now. 33 days to the elections and democrats are stuck with a president who would rather do deals with foreign dictators than let americans drill for the oil and gas that lies beneath our feet, that is embarrassing. second hour of varney just getting warmed up. pete hegseth with me, i am
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exasperated. why are we negotiating with dictators to get more oil from them and won't drill for our own? you have an expiration for this? >> i will try. it is foolish, very cynical and dangerous. if you are in the white house listening to the greens and you know you can't explore domestically which you should then you try to virtue signal domestically to that base that you are moving to a green new future but you know your economy depends on fossil fuels and so you back the saudis and begged the venezuelans and other dirty sources of oriole that are dirtier, they will t states and are a net emitter, that is the cynical part of it and the dangerous parties they know all along that we are not prepared for this transition to a green new future so the pain is intentional. it's going to hurt people, they
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know that and are trying to paper it over, a little too soon, prices are going back up as everyone is going to the ballot box and reminded of this energy disaster. stuart: timing not good on this one. something else for you later on, back to the market right now. gary, i want to make the bull case first of all, the bull case seems to represent the fed is going to slow rate hikes and inflation is piqued, that is the bull case. are you buying it? >> i'm not and the fact -- i hate the fact that we are dependent on a select few people and their whims, what they are going to do with interest rates, these are the people that caused the problems and are still running the show so i do think it could help markets a little bit. there's a lot more going on right now and that is the economy itself, the amount of
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debt, we had 30 one trillion dollars yesterday and you nailed something very important, energy prices and dependence on others and by the way the cost through the oil from these other places is gargantuan compared to getting it from here so so many ways to look at it. i've not seen any characteristics of a bear market ending, the only thing i've seen since last november is rallies that lasted anywhere from days to a few weeks. i'm not ready to call it a day for the bear, and a nice waterfall to the downside. stuart: not happy with the federal reserve, are you? >> they cause bubbles all over the place. and look what is happening to
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housing, it is on the right side of the output, we need to do that. i've got to mention two things, a day after the market dropped 1000 points said he was happy, this is a central banker savings happy that they will lose money. mary daly, if we have a softer job number tomorrow, that would be good news, people losing their jobs is good news, these are our central bankers, this is frustrating and worries the heck out of money. i have to talk about on my radio show and if we just get rid of them and go back to free markets, depend on the people of this country, the business of this country, not a few select people in washington dc that got 0 out of one hundred times. /100 times. stuart: getting rid of the fed is a big lift. i see where you're coming from. see you later. thanks a lot.
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i want to get back to politics with a lot of issues there. squad number cory. is touting democrats momentum ahead of the midterm. listen to this. >> i'm optimistic. i believe we will hold the house, we are seeing the momentum especially as we get closer to november we are seeing the momentum really pickup and people that say i don't share your views in other areas but i don't want my right to abortion restricted. that is a huge driver. stuart: it seems congresswoman cory bush believes abortion is a much bigger issues and everything else and that carries democrats to the house and keep control, you disagree? >> i disagree. that you would define an entire election by desire to abort
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babies and a radical position the democrats take all the way until birth. we should keep asking democrats how far they would go because it is extreme. it's not a winner with their position and the inversion of what she said. some people don't love the decision on row, may be on the middle but don't like crime, don't like inflation, don't like energy being curtailed, don't like the border, don't like us being embarrassed around the globe. again kind of like we talked about on energy and gas prices there -- the media howling about this comebacker democrats in september around row, august, september come and now we are back to kitchen table issues, republican stay disciplined and stand behind her belief in life i think that benefits them. stuart: always a pleasure, thank you for coming with us today. hold on, to the end of this,
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you are hosting the fox nation patriot award november 17th in hollywood, florida. can you still get tickets to the big event? >> we are sold out, the show is sold out. it is a packed house. every seat is sold. if you have a ticket you can get exclusive tickets to preshow events, radio shows and broadcasting so still room to do more but maybe not get in. stuart: you look good in a tux i've got to say. one day i would like to see you in a full dress military uniform. great guy, see you again soon. the fbi has released a report showing violent crime dropped in america last year but the report does not include thousands, several big cities like new york and los angeles. why not?
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senator lindsey graham slams elon musk after he tweeted out a solution to end the war in ukraine, we will tell you what the senator had to say about musk's piece proposal, troops in ukraine using weapons captured from fleeing russians. is a win on the horizon? i will ask brett velicovich who was on the show next. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪ there's no going back.
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first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. stuart: lindsey graham, senator, feuding with elon musk about the war in ukraine. lauren: elon musk tweeted how
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do we get a piece plan with ukraine, either you redo the election under you and security or give up crimea. the russians saw that and are using it to their advantage, lindsey graham is weighing in, all due respect to elon he needs to understand the fact of the russian invasion of ukraine suggestively end the invasion by simply giving parts of ukraine up is dumb and an affront to the bravery of the ukrainians. then gives his solution, if you want peace in ukraine simply demand russians honor the boundaries they agreed to in 1994. ukraine gave us its nukes in exchange for territorial authority in crimea and donbas. you have an honest polite exchange on social media between a senator in the world's richest man at it makes the world's richest man look bad because the russians
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interpreted his tweet as support for them to further the war. stuart: another headline from musk. made the news again. not a good one either. poland is asking the us for nuclear weapons. ashley webster with us. this is their response to putin's threats. ashley: it is seen as symbolic and the white house says it has received such a request, the polish leader's announcement is the latest example of nuclear signaling as the us and its allies try to deter putin from the first nuclear use in battle since 1945. experts also say it is a fine line to tread given the uncertainty of putin's state of mind and his record of giant miscalculations over ukraine, besides it is estimated the us still has 100 nuclear weapons left over in europe in the aftermath of the cold war spread among the netherlands, belgium, germany, italy,
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turkey, the proposal follows changes in the constitution of neighboring belarus that would allow russian nuclear weapons to be based on its territory. stuart: thank you. ukrainian troops are using weapons captured from fleeing russians and they keep on advancing. brett, the russians are running away, ukrainians are advancing using russian weapons. is a win on the horizon and by when i mean russians pushed out, all of them from ukraine? >> russia suffered massive losses, definitely a win, they will take into crimea. stuart: are they on the verge of a win? >> i just came back from ukraine the last couple months, went all the way out to the front lines. when you are out near the front it looks pretty rough. it looks different from sitting
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back in the capital, cruise missiles shaking the buildings, i was in one of the provinces where they just had the vote referendum where putin was claiming he was going to take them over and there were no boots there. blue one are they on the verge of a win? can they do this? could they shove them out? >> russia is a nuclear power. no one is de-escalating this and this is the biggest issue. putin is backed into a corner and as long as the media keeps talking about ukrainians winning the more likelihood putin comes out and does something big. if you listen to his speeches he's always saying we will win no matter what the cost. lauren: is that nuclear? >> i hope not. more likely a chemical attack before it goes nuclear. he knows it is going to be chaos if he takes it that far but he's got to show the world that he's strong and right now
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he's losing in every regard. winter is coming which is a big issue for russian troops. we went what you've got conservatives in the united states saying let's hold off on this, let's not give the ukrainians that much weaponry because maybe they don't want to get involved in a warlike situation. >> the us government is clear on sending weapons that can go into russian territory, that is a redline for them. the reality is they are - no one is de-escalating, more weapons come out. i'm not seeing much de-escalation. stuart: what is the end game? >> the end game is we start seeing a real nuclear sort of talk occur because we are seeing ships get move, russia is smart and they know the us
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is watching ships getting moved, nuclear sites and there's going to be more talks in the future about what everyone has to do to stop this. stuart: i have one last one. the new york times says america believes that it was the ukrainians involved in the assassination of the daughter of the prominent russian nationalist killed in a car bombing outside moscow. that's bad prf america things ukraine did it. >> the ukrainians -- unless it was a false flag operation, and the fsb and likelihood, they hit the wrong target. they hit the daughter and were going for the father. i don't think it changes anything in the end. they want to strike inside russian territory and reach moscow and that is what they did.
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stuart: thanks very much, i know you flew in from ukraine which is a strain but you came on the show and you know what you are talking about. thank you. north korea in this game, they fired another ballistic missile in the sea of japan. tell me more. >> they fired towards the us aircraft carrier, that is provocative, flexing their muscles, several launchers, missile launchers in the past two weeks. it appears the north koreans are ready to launch their first nuclear test since 2017, this adds to the anxiety of nuclear tests for north korea, putin and his nuclear threats. what is the strategic alliance, what's the position with respect to other countries with china and hold the un
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accountable, russia and china don't like this. blue on the bottom line is tension is ratcheting up all around the world. thanks very much. republican senators say they have grounds to impeach secretary mayorkas, impeach him, rainbow colored fentanyl pills seized in 21 states, hidden in lego boxes, what is the white house doing about that? i will ask dan crenshaw next.
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lauren: are we happier or poorer? stuart: i can't answer those questions. credit suisse, where are they this morning? lauren: a little bit. they -- there's a report about the outside investor financing their spinoff of their advisory and dealmaking. stuart: past the lehman moment. pinterest are up. lauren: goldman upgrading them to $31, that an increase of 26%, user engagement and growth is stabilized. stuart: markets down 230, started to slide after gary was very bearish. look at this. lauren: you have the latest beneficiary saying we are not backing off so they get it really quick. the overall number, the unemployment rate or wage inflation. that's part of the report tomorrow. stuart: very good. thank you.
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all right. look at this. border patrol agents rescue 20 migrants locked inside a trailer in eagle pass, texas, the del rios sector saw two groups across the border on wednesday. griff jenkins at the border in eagle pass, give us the border report, the latest. >> reporter: the border report is the border crisis of unprecedented migrants is being delivered with the efficiency of your amazon package. let me show you from our drone if you just lift the fox drone in the air you can see we are breaking the wall. the road behind me manned by border patrol texas dps and national guard a quarter-mile from where we are standing, you see the river in the distance and every morning those groups are coming, the first before
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don, 106 migrants, let me show you some video and our ago, you see 200 plus migrants that were here along with multiple white buses being processed, they are from one hundred 18 countries in this sector according to last month's number, mostly venezuelan, colombia, northern triangle and far beyond as well. as you mentioned in those pictures, the smuggling has never been more dangerous. let me show you footage of texas dps pursuing a gravel hauler that became suspicious, the driver bailed and ran into the bushes, troopers found 17 migrants in that dangerous travel component prior to the truck pulling off. a migrant had fallen out of that, got run over and transferred to a hospital but that's not the only event, the other picture is the eagle pass south station near where i am they found another smuggling
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attempt thwarted, 20 migrants locked in that total trailer and what is really remarkable about this is the center for immigration studies reports today they have been tracking mexican cartels changing their business models to now make human smuggling and human trafficking a profitable business for the more than narcotics because they are extracting money from migrants not only to cross but many who cross and have to pay after they are here in the us. stuart: what a racket. good stuff. some republican senators say they have grounds to impeach the borders are. on what grounds? lauren: they wrote a letter saying in the past 19 months you've been in charge of the border, trying to enforce immigration laws and humanitarian crisis at the border amounts to gross dereliction of duty, that is impeachable.
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this, a federal appeals court rules it is unlawful to offer protection to the dreamers in 600,000 young immigrants that are here under the daca program. that was exec of overreach, he did dismantle the program, hanging in limbo, take these stories together, there's urgency right now to have immigration talks. nbc is reporting biden will do an immigration push after the midterms. what is the push? where's the policy? it is after the midterm. stuart: will you close the border? >> they exchange the two. stuart: let's get back to it. 15,000 fentanyl pills found in a lego toy box in new york city, congressman dan crenshaw, 80,000 americans have died from
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it in the past year. >> i wouldn't seem so, 100,000 for deaths total. fentanyl comes from specific sources. and the poison is murdering tens of thousands, does this administration talk about it like we are in a war footing. they make money as noted in this report charging immigrants as we crossed the river. they make billions doing this. the biden administration says we can't do anything about this. this is extremely capable and well-funded, murderous cartel,
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not just murdering mexican government officials as they do all the time, terrorizing them but murdering tens of thousands of americans, not doing enough, you have to be on a war footing and look at these people like a threat to national security that they actually are. stuart: right before halloween, that is disgraceful. we spoke to john kirby who is denying the us is negotiating directly with venezuela. he says there is work to do. president biden asked about the venezuela talks and he said everything is on the table. why are we trying to make deals with dictators? >> a long time habit. president biden whether it is saudi's or venezuelans, there's a few elements to venezuelan issues, under trump chevron was
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asking to be allowed to have its access in venezuela so maduro couldn't sell them for 5 or $6 billion. there is a negotiation of us prisoners happening right now but also yet another poor policy failure by biden, increasing glee, i don't think it is incidental that saudi arabia announced they will cut production and raise prices. why are they doing that? biden keeps negotiating with the uranian ayatollahs, left a power vacuum in afghanistan which makes the saudis mad so they are sending him a message. they are not our friends, they are transactional allies. so now biden, instead of telling the us oil industry we are going to permit, lease, they are going to go to venezuela and this frustrates americans. why won't you just be nice to american oil and gas? the keystone pipeline was meant to replace venezuelan oil and now back to venezuela.
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stuart: john kirby on the show moments ago, doubled down on vaccine mandates on the military, he won't back off. a former navy seal, i don't understand this. you are firing 20,000 military people because they won't get a vaccine that doesn't work, don't get it. >> my frustration on this, we also take vaccines in the military, everybody who refused previously taking vaccines, the military is a little different from every other organizations, the punishment, doled out for this refusal to take this particular vaccine has been excessive compared to what the military could have done, there's plenty of options, you don't have to kick out tens of thousands of military members to do this at a time like this, when recruitment is down and we are having problems in the military.
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this seems very political, very spiteful and it is not good for the military, not good for america. i don't know why they put their foot down so hard on this. we know now that if you take the vaccine or not the virus has gone through the population and you can be safe, there's a good chance you already had it, natural immunity is a good paul against future infection so there's no good logical reason for them. stuart: john kirby spokes was from quarantine, fully vaccinated, fully boosted, he is in quarantine. that is another story. thank you for joining us. see you later. president biden praises governor desantis for hurricane damage in florida. >> what the governor has done his pre-remarkable. this is what he has done.
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stuart: they are political rivals. did both sides get what they want out of this meeting? i will ask florida's lieutenant governor jeanette nunez in a moment. we talked about boeing and caterpillar, tyson foods is the latest corporation to quit. grady trimble has the story on crime driving businesses out. we will be back. ♪ ♪ i'd like to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty.
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there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. stuart: the fbi released its most recent nationwide crime stats report. some states didn't submit data. ashley: data missing from big cities like new york and los
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angeles. how can you have a valid report without those cities without that data? the fbi's latest statistic shows violent crime dropped in the us, no big surprise but experts say the report has glaring holes due to an overwhelming lack of participation by police. 40% of all law enforcement agencies including the largest cities failed to submit any data to the feds who reported violent crimes ticked down from one.32 in 2,020, to one. 13 million in 2,020 one. the fbi's new data collection system has been touted for years as a deeper look at crime across the us even though participation is completely voluntary. in new york where gun violence is a problem one in 5 fail to
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report any crime data. i don't think i would take that report too seriously with huge holes in it. stuart: show me the paul about the leading issues, crime is in front. ashley: 3 quarters of americans see violent crime is a major problem according to a new politico morning consult, 77% believe violent crime is a major problem while 17% view as a minor problem in 2% say it is not a problem at all. another 74% of americans say violent crime is on the increase while 18% say it is staying the same. it reveals more americans, 44% say they trust republicans to address violent crime compared to 37% for democrats, republicans are seizing on that
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issue along with inflation and securing the border, these are big issues. stuart: they have a lot to go at. america's top meatpacker, tyson meets packing their bags and leaving the windy city. grady trimble in chicago outside tyson's corporate office. why are they leaving and where are they going? >> reporter: like other companies that left illinois they are going to a red state, arkansas, moving 1000 employees and elsewhere in the chicago suburbs at 1/3 in south dakota. it once all its employees under the same roof near arkansas headquarters which it plans to expand, tyson is not the first major business to fly the coop from the chicago area. the meat processor joins caterpillar, citadel and boeing. tyson didn't mention high crime
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or taxes in its statement we know those were factors for ken griffin when he was deciding to move his fed hedge fund to south florida. chicago mayor lori lightfoot had beef with mcdonald's ceo who said the city's crimes making it hard for the company's downtown hq. mcdonald's's ceo needs to get educated but the fact is crime in the city so far this year is up 37%. the pro business group illinois told us about tyson's move for businesses to thrive and grow, illinois need to less regulated environment on property tax and pension reform to foster a stable economic foundation that attracts businesses to a lawyer, the latest exodus is not coincidental or unfixable. tyson will start moving its employees at the beginning of next year. stuart: he is running the state
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into the ground. don't take it seriously. the animal rights activist who was taken down by a los angeles rams linebacker wants police to investigate the tackle, he's crying foul after trespassing on the field. 33 days to the election, the latest rcp average has governor gretchen witmer ahead and in michigan gubernatorial race. how she going to close the gap? i will ask her, she's on the show next. ♪ looking at your full financial picture. this is what it's like to have a comprehensive wealth plan
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our schools are failing and as schools are failing our department of education keep pushing more and more sex and gender theory into classrooms, parents are upset about this. there was an 800 person rally saying we want to focus on the basics of reading, writing and math because our kids are so far behind, we had a 60% failure rate for reading for third graders. stuart: that is extraordinary. a 60% failure rate for third-graders. i was reading about schools in illinois, the ability of students is way down, you think education, that fires up your state more than inflation, more than the border? >> education bring suburban moms back but we also have a catastrophic statistic saying we've lost more small businesses than any other state in the united states and that is directly a result of
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policies of this governor and you may think it is just covid but it goes beyond covid. she's used agencies in the state to attack businesses over and over again and small businesses are still struggling from the pandemic continue to close under gretchen witmer, her over regulation and weaponization of agencies. blue when you will have two debates with witmer this month. is there one big issue that you will seize on to attack governor witmer? what is that issue? >> radical policies on education, we will go after her, her radical policies on education and energy because she wants to shut down the pipeline in the state of michigan, we are back to that, we still have a governor who wants to shut a pipeline down and 11 energy crisis and as you know we have higher gas prices than almost any other state so shutting down another pipeline in the united states would be catastrophic. stuart: thank you for being with us. we appreciate it and wish you
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the best. still ahead florida's lieutenant governor jeanette nunez, rob smith will be whether senso will carol markowitz and david novella, don't get bogged down with elon musk's maneuvering to buy twitter, don't get distracted by his juvenile antics, he has bigger fish to fry, is out to change the world and has the means to do it. that is "my take" and it is next. ♪ ♪ to be strong. to overcome anything.
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>> there's some ugly headlines but if you look at what they are doing it is not as bad as you think. >> the cost is gargantuan. i've not seen any characteristics of a bear market ending. >> no active negotiations going on from the policy perspective. what the president is going to do, but he needs to do to protect their economic interests, t
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