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tv   Varney Company  FOX Business  October 6, 2022 11:00am-12:00pm EDT

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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, to transition to a
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more clean energy and environment, we've got to transition away from fossil fuels. >> we are not prepared for this transition to a green new future so the pain is intentional, it will hurt people, they know that. ♪ >> the wanted? is that a band? the wanted? rob smith the wanted. i've heard that but didn't know i had. 11:00 eastern time. it is thursday, october 6th all day long and the markets, not much selling. dow is down, nasdaq only 4. how is the tenure treasury yield doing. it is up 382. that yield has been all over the place the last few days,
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don't see movement like that in the bond market, 382 the yield, big tech mixed picture, not much price movement. microsoft, amazon down. now this. don't get bogged down with elon musk's maneuvering to buy twitter, don't get distracted by his occasionally juvenile antics. this guy has bigger fish to fry and has the means to do it. his fortune is vast, forbes puts it at $237 billion, you can do a lot with a quarter trillion but it is technology companies that give his world changing ideas real scope. he founded tesla and it has changed the world car market. he's acclimate warriors electric cars are his answer to climate change. tesla has a real impact, the
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most valuable car company in the world. space x, this is musk's vehicle to go where no man has gone before, he wants to colonize mars. that would change space exploration, wouldn't it? starling, musk's internet access company, there are 2300 functioning satellite in orbit, the goal, ring direct internet access to anyone anywhere. and to go directly to massive computing power, transportation, space communications, medicine, musk is at the forefront, all those industries, there's never been an executive with such broad-based power, using it to shape the future, whether you like his vision of the future or not he has the power, money and technology to do what he likes. how about that? third hour of varney starts
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right now. stuart: the media meltdown over musk's twitter deal is in full force, watch. >> what could he be thinking? recipe for disaster? >> remove the guard rails around free-speech, what does that mean for misinformation? i don't know. not open to free speech. >> it is a hot mess. >> sometimes controls, don't know how he's going to run this company. >> ever been to a wedding where you are like they really shouldn't be getting married, this is not going to work out. don't you love it? stuart: that is a media meltdown but are you worried about this? >> i am a little bit. it is hysterical seeing the
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left and mainstream media meltdown, elon musk may do the things they have been doing, social media platforms, that is hysterical, i worry about elon musk having this much power, not a very popular opinion but i believe all these big tech companies from facebook to google to twitter are broken up. to make twitter what it needs to be. to use that to push his agenda, he believes in free speech, one of the greatest thinkers, don't want to depend on him. stuart: do you agree with his world vision, where the world is going? >> i wanted to buy a tesla, but -- stuart: i didn't know that. add that to our knowledge.
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>> we are in this awful administration so everything is backed up, you are 18 months out. i believe with this, teslas are credible cars. blue when you are a military guy. earlier on the show we just talked to john kirby who doubled down on the vaccine mandate in the military, watch this. roll tape. why are you firing 20,000 trained military personnel because they won't get a vaccine that doesn't work? >> when i'm trying to say, phallic military requirements. if you are not vaccinated you are potentially putting your teammates and their families and communities at greater risk. we want if it was the bubonic plague of course, everyone should get it but covid vaccine was experimental. >> if they make a decision to violate lawful order they have to pay the consequences. stuart: rob smith the cemetery
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man. >> with the unpopular opinion, i'm against vaccine mandates, always have been from the beginning but when you join the military you are the property of the united states government that means they have control over what you putting your body, i do not believe in the vaccine mandates but that is what you are signing up for in the military. if you are asking me whether we should be firing 20,000 qualified military personnel i believe absolutely not especially in this period we are in where we know the vaccines are not as effective as they were. looking at that clip even though i disagree with this, good for him having a conversation with you. stuart: what was the status of more row in the military? >> from the emails and text messages i get from my buddies,
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people are over the woke deer i stuff? having an opposite effect, it is tearing people apart when military cohesion needs to be brought together a little more but what they are doing is they are gritting their teeth and holding their breath for hopefully the republicans to take the house and senate and somebody to do something about this woke stuff that is affecting the military. stuart: we like that. see you again later. back to the market. show me some red ink, down 120 on the nasdaq 17 points. the market man of the moment, david, has a recession, looks like we are going into recession, market price did in yet. >> good morning, great question, we are watching a
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game right now, the players are not as important as the referees are. and they are back to back and we have not priced this in, 5 things we follow that move the markets, looking at inflation, interest rates, what the fed saying or doing, 5 of those categories that are taken. stuart: you are still not buying aggressively. >> many americans will not be buying aggressively until the first quarter next year and they could price a recession in, earnings that came through with the labor market and what happened with the housing
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market, and 2 million barrels less per day. until we get those details coming out it is difficult to paint a strong picture that we are back in recovery when there has never been a market when the federal reserve has been hiking it. stuart: i am happy with my treasuries milking 4% to safety. i'm still doing okay. last word to you. >> the us dollar is not going to remain strong. lauren is with me and i want to see costco 2%, huge gain. lauren: another strong month of
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growth, shoppers spending money on groceries looking for the deal costco offers, and and and that is an enormous savings, they will not have to. they have that power. >> dr barton said go out and buy costco and some people did. krispy kreme up three straight days but krispy kreme is coming to -- lauren: will the french take a krispy kreme doughnut? that is a poor choice. i don't know.
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look at krispy kreme, that is the reason, they have this international expansion, france will be a big part of annette have 2000 locations. stuart: 2000? >> can't define long-term. stuart: compass real estate firm i do declare up 11%. %. lauren: a report they are looking to take it private. stuart: that will do it every time. this protester after storming the field during a football game, the guy fired a police report against the player who tackled him, he might even sue. squad member cory bush says abortion will dr. democrats to vote and when in the midterms. >> we are seeing the momentum if we get closer to november, we are seeing of the momentum where we pick up. stuart: bush is confident democrats will keep the house
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next. a big win for florida's governor desantis, federal judge tossed out a lawsuit against his parental rights in education, so-called don't say gay bill. a mom of 3, her reaction next. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.
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so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. ♪ stuart: the statue of liberty and the sunshine.
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why -- i didn't know she was in the city but princess and made a surprise visit to new york city, took a ride on a staten island ferry. the royals in town for a gala for the english-speaking union. i was not invited, the princess became the leader of the unit after the queen died, still on the royals. the palisades in buckingham just announced when king charles will be crowned. is there a specific date. june 3rd is the day, it will be june 3rd, ceremony in westminster abbey, days of celebration to mark the beginning of a monarch's rain but reports suggest this is a more modest version when elizabeth the second was crowned in 1953, more than 8000
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guests, 129, including every member of the british aristocracy and rich in tradition, known as edward's chair to represent his constitutional control of the nation and sovereign's or but, after being anointed, charles will have the crown of saint edward placed on his head. the king will also be 74 making him the oldest person to be crowned in british history. stuart: i'm sure our american audience lapped that up. i think they did. ashley: it is traditional all right. stuart: forget buckingham. i've got to get serious,
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federal judge throughout a lawsuit, to halt rights in education, goes through it. carol moscowitz with us, what does it mean for education florida? >> activists did the public a disservice by lying this law was don't say gay, pretended teachers for example that were gay couldn't talk about their spouse, all of that was untrue, the lawsuit against it might have held that but if you explain to any reasonable person the law prohibits learning about sexual orientation which includes being straight, and why only until third grade, why not make them for all elementary school, parents wanted this and the fact that activists don't understand it is a telling moment in our history. stuart: if it is a chance to make changes in education
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policy? >> charlie crist shows as his running mate a teachers union, democrats don't seem to realize parents know that it was teachers union to damaged our kids the last few years, they stopped kids, and governor desantis. and with the kids. republicans on the national level can pick up the message, and support children while opponents have a special interest union. stuart: with charter schools, they he supports that. >> you he does. why shouldn't they pick where kids go to school? why should only rich parents get to do that? all of the children across the country.
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i have kids and privates will, one child in private school, two in public school, you make the choice for your kids that make sense. stuart: the voice of common sense in florida. love to hear from you. president biden was caught swearing on a hot mike as he toured the hurricane damage in florida. would you like to tell us what he said? >> it is hard to. you can't, there is no context. bottom line is exchange is out of place and used profanity. listening. >> president biden: coming down with this. i want to know. stuart: that was not -- >> the man just seems, what is he talking about? get me out of here. he told the mayor of fort myers can't argue with your brothers outside the house.
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and sympathize with people who lost everything. decades ago i had a fire in my house and lost a lot. it is awkward and over and over again and dropping the i am sorry the -- obscenity, not the profanity and everyone with ron santos. he was at the podium, introduced biden, he looked presidential fueling speculation that he would indeed run. and looking pretty good. stuart: now have the nasdaq up 8 points, a quarter of one%. 12:45%. we showed you this video and animal-rights protester getting tackled during the 49ers rams game, the person file the police report.
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what does that mean for players in the end of all? ashley: nothing. authorities are not releasing any details. i can tell you there is 0 sympathy for the protester, animal-rights group ran on the field with pink smoke canister before being hit by bobby wagoner who says he is aware of the police report but indicated players and coaches have a right to be concerned in such situations, when they are on the field, wagoner said he took that action to help security officers who were trying from the video to catch up with the protester. shawn mcveigh says he supports him and understands why he did it. haven't heard anything from the nfl but imagine the nfl would rather the security handles it.
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it cannot, can it? in california anything is possible. stuart: this is america. we can sue for anything anytime. a woman who scammed banks out of millions of dollars was released from jail but she's not totally free. why she is band. 33 days away, the key senate races, wisconsin, pennsylvania, georgia. ♪ ♪ the final countdown ♪ ♪ the final countdown ♪ ♪
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if you think you have dupuytren's contracture, there's a simple test you can take—from anywhere. try to lay your hand flat against a surface. if you can't, you may have dupuytren's contracture. talk to a hand specialist about your options, including nonsurgical treatments. stuart: los angeles, 67 ° right there. let's get to the markets. the nasdaq turned positive in the last few minutes, the dow
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trimmed its losses 80 points. general electric laying off workers onshore wind unit. why are they doing that? ashley: losses of the green energy unit mounting up. ge says it will reduce its onshore winds workforce by 20%. that equates to hundreds of employees on reports that cuts are planned in europe and asia operating losses totaling $853 million in the first after a steep drop off in demand. months of uncertainty surrounding us tax credit aimed at encouraging wind turbine installations has contributed to a slowdown in orders, inflation and labor shortage. they are struggling to turn a
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profit, including german industrial giant, they plan to a laminate 2900 jobs following a run of losses. stuart: who would have thought the renewable industry at this point, who would have thought that? ashley: it is counter to what we heard from those who support such things. that gets to straight politics. i want to focus on the three key senate races. first up, wisconsin, ron johnson, republican leads by 3 percentage points. doesn't seem safe to me. >> they are running out the scores. the last reelection, wasn't up 3 at any point and he brought out victories in 2016, ron johnson is in the right spot to
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win this election. stuart: next is pennsylvania, the race is tightening. fetterman up by four percentage points. there's a debate coming up with dr. oz. will debate change that? >> will have an impact is that democrats are reregistering is republicans attitude to one ratio. in the city of philadelphia republicans are outpacing democrats in registration by 10%. stuart: in the city? >> doctor ours -- dr. oz is back to being the doctor instead of the politician candidate and it is resonating with voters and when you see the momentum going towards him because as you see the spotlight shines on fetterman and he continues to shrink. blue when you call that a dr. oz win at this point? >> absolutely.
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we won rafael moreknock leads by 3 points on herschel walker who is getting bad publicity. four point lead, can herschel walker pull them out? >> the majority man, holding two seats, taking the majority. this is a state, every paul, republicans have momentum, canceling by 7 to 10 points. that helps herschel walker, here's what voters have to decide. do they want to keep a senator who the senator who voted for the inflation increasing act passed by biden, to see taxes going up, count on opec to give us energy supply which makes everything else expensive. you vote for rafael moreknock. stuart: congresswoman cori bush says democrats will keep the house on midterms. >> i'm optimistic. i believe we will hold the
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house, receive momentum as we get closer to november, they are seeing the momentum pickup, and don't share your views of other areas but i don't want my right to abortion restricted. that is a huge driver the last several months. stuart: cory bush is saying abortion beats inflation, crime, the border and everything else. >> it doesn't beat it but enclose races particularly in the northeast it could have a huge impact. 728% say it is the most important, not assize inflation, and the economy. could have an impact. schools and teacher, reading, writing and arithmetic, and why you, students got a professor fired, and grading them too hard. had that been the case at
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shepherd university, talking to a valedictorian. stuart: said to the conversation, see you soon. the dating apps humble just launched a new feature. tell me more. ashley: if your soulmate might swipe left if your politics lean right and vice versa, allowing users to add a voter badge, registered to vote in the midterm elections, a virtual version of those i voted stickers and they use badges. for political views. a dating apps launched for conservative singles joins left-wing dating sites like liberal heart and democratic people.
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one thousand americans, 3 quarters of respondents will only date someone if there political and social views align. stuart: anna sorkin, did they make a netflix show about her? ashley: she is out of prison but will be band for all forms of social media including twitter, facebook, tiktok and instagram where she reportedly has one million followers, she will be placed under 24-hour house arrest for electronic monitoring, the subject of the show inventing anna has one release from the orange county prison in new york where she spent the last 17 months in ice custody as she fights
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deportation, actually four years in prison after a 2019 conviction related to years long standing scurries during which he built new york's elite and skipped out on bills luxury hotels and restaurants. after being released for good behavior from that conviction she was arrested last year by ice agents on immigration issues, and she should remain locked up but she is out. >> half of ceos considering job cuts, tell you which workers to get their pink slips. president biden and governor desantis put on a -- who won what is essentially a political pr battle? we going to that next.
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stuart: floridians trying to rebuild after ian, search and rescue efforts in the hardest hit areas. fort myers was absolutely clobbered. what is the latest? >> we are on fort myers beach embedded with the florida task force, we are seeing absolute destruction, ground 0 the hurricane ian aftermath. this is where home used to be, some foundation and staircases that lead to what would have been the entrance of the home is all the left. we are over a week since the hurricane, they have found
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bodies as recently as yesterday. they did pool 40 people off the island, 25 cadaver dogs scouring the island. look at this cut now. you would think that is from damaged homes, that came from the storm surge. as the water came in it pushed against that, you see a lot of homes badly damaged, a lot of water damage but for the most part somewhat intact so that came from the ocean but that leaves a challenge for these crews. let me show you video an hour ago, the first boat mission where it is an assessment but could turn into a rescue checking these canals and estuaries and looking through all this debris and seeing if someone is still alive in that
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debris, they are looking for anyone who has passed away. that is the first of its kind mission today, looking at this video across the bridge, this is on the fort myers side of the bridge, we talked to a store manager who sent us video of what he experienced, his store is filling with water, storm surge rising by the minute, he was concerned it would rise so much he would drown in the store so he went outside and this is what happened. listen to this. >> i go here and here. my finger -- like that. >> reporter: i can also tell you the pine island bridge, one of the hardest hit areas is now operational after just three days. the state and county worked together to connect the people
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of pine island with the mainland, one of the hardest areas, sanibel, a lot of progress being made, 270,000 floridians don't have power right now. over 2 million had power restored. this is ground 0, the worst of it but at least progress is being made and people are getting more hopeful. stuart: starting to hear some positive news. see you soon. president biden and governor desantis teamed up to survey hurricane damage florida. not everything has to be political. >> president biden: what the governor has done is pretty remarkable so far. he has done a good job. i told him -- he called me and we worked hand in glove. worked hand in glove.
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we have been in lockstep. stuart: got along pretty well. the lieutenant governor of florida jeanette nunez joins us now. did both sides get what they want yesterday? the president looks gracious, governor desantis looked like he was in charge. if it was a political pr battle. >> the most important thing is floridians getting the help they need and they deserve from the federal government under the leadership of governor desantis, there were no politics, no partisanship. it was about bringing hope to floridians and that is something the governor and the president indicated clearly, working together to make sure floridians are able to rebuild and get on with their lives under difficult circumstances.
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stuart: people are asking who is going to work to clean everything up and rebuild, could you put migrants to work? >> we have been working since day one. this has been historic, engaged in search and rescue. 42,000 lineman -- stuart: do you know what i'm getting at here? forgive me. >> i hear what you are saying and what i will tell you is the work of anish stuart: i understand you've got lots of people and you're doing a great job but you need a lot of people to clear up all that mess over the vast area. migrants who are available, are you saying categorically, not going to be put to work during cleanup? >> not saying categorically no or yes because cal of --
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floridians are no strangers to hurricane, we separate hurricane irma 5 years ago, hurricane michael four years ago. there has never been a challenge with rebuilding, we are confident we can rebuild with resources that we need them we are not going to turn away any opportunity to help floridians. i will tell you right now under the governor's leadership we have everything under control and we will stand by floridians and make sure they rebuild sooner rather than later. stuart: thank you for joining us, appreciate it. our next guest owns a frozen treat shop in texas. she says operating costs are skyrocketing. watch this. >> in 12 months, it has increased by $17, that is a really scary reality. stuart: we bring lots of small businesses to this program. this lady had to raise prices twice in a couple months.
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stuart: a small business owner who sells frozen custard and cocktails in texas has to increase prices to keep up with rising costs. faith thomas is the owner of frozen flamingo and joins us now. welcome to the show. you looked at costs this year and you looked at your costs 12 months ago what do they find? >> >> just those prices, to the customer. stuart: custards has gone up and you raise prices. >> i don't think so.
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i did raise most products for 26% and a lot of people questioning the increase. went as long as i could without increasing, and higher-margin products, got to the point that i wanted to stay open. stuart: what about supply chain issues? you have been hit hard and can't keep the menus the same. is that correct? >> yes. there's a huge issue, hard to offer products, one week, the strawberry brands, to scramble and find, it is hard to offer and that is what i am doing. stuart: some restaurants have been offering smaller portions
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because of the higher costs. have you done that? >> i looked into it. when it comes to most products, i feel like i had a wide range but pushing for people who may still want to buy the smaller portion. blue when you are staying in business, i hope. >> i am. i have to do one more price read this week, last week to this week, $5.50% increase so i will have to add on to my current prices but i have a lot of loyal customers to get through this. stuart: you will get through it. faith thomas, the frozen flamingo, great name, see us and tell us how you are doing because we would like to see you doing well, thanks a lot. thursday trivia question, who has the most number one hits of
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all time? elvis? madonna? michael jackson? you know what i'm going to guess, we are back with the right answer. ey collect hundrea points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay.
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they put it up before i had a chance. they have 20 number one songs in eight years. how about that? we played most of them on this show too. there you go. penny lane. remember that one? i was in east africa when that thing came out. i remember singing it. thanks, ashe, great show today. my time is up. i have five seconds before i hand it over to neil. three, two. neil, it is yours. neil: there was own four beatles but one elvis. doesn't elvis -- stuart: what generation. sound like my teenage grand child. neil: fine, stuart, thank you very much. we have a bit of a selloff going on again today. oil prices ticked up a little later when we had word from the white house there is nothing to these resumes more we're asking venezuela to pump more oil of the that we'll do all sorts of things to help them out to do that. just the notion that extra supply that the mark

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