and coming down so, yeah, i'd be in cash and gold and waiting for better opportunities. >> get out of the way. maria: 263,000 jobs added in the month of september, and thank you, everybody. great panel. have a fantastic weekend, everybody. see stuart: that is a giant panel and a very good one too. good morning, maria, good morning, everyone. the analysts and all of the economists are they scrambl ing to interpret the jobs numbers. let me throw in a judgment of my own. i think it was a middle of the road report, not too strong, not too soft, here is the number 263,000 jobs added in september, the unemployment rate came down to 3.5%. look at this. the participation rate down ever so slightly but down 62.3%.

here is the market's reaction. a lot of selling the dow industrials down about 200 points at this moment and the nasdaq down about 200 points as well. so, you've got a sell-off. maybe the market looked at that report and thought well it's kind of strong, so the fed is probably going to keep on raising rates. maybe that's the interpretation we'll see. interest rates are moving up i can say that definitively. the yield on the 10 year treasury right now is all the way up to 388, 4% ain't that far away. here is a headline. energy prices, still rising. this is a big problem for the president right before the elections. oils gone to 89, and gas up another $0.03 overnight to a national average of 3.89. $4 next week? probably. diesel starting to go up 4.91 is the average up another $0.03 just overnight and i'm asking $5 next week? probably. it's an active day in politics. president biden pardons

thousands of people convicted under federal law of possessing or using marijuana. it points the way to legalization at the federal level, which would expand the industry dramatically. pot stocks are, well they were booming, but they aren't now. maybe they boomed yesterday. anyway the prohibition of alcohol, that ended in 1933. we seem to be moving quite rapidly away from the prohibition on weed. a break in the hunter biden affair. authorities close to issuing tax and gun charges. how close? well its been four years since the new york post broke the story of hunter's laptop going unanswered now. what about influence pedaling. trading on your dad's name? compromising the president of the united states. more on this coming up. another blockbuster show for you yay west talked exclusively to tucker carlson. he addressed the backlash of a white lives matter t-shirt. he also says he was told he be killed if he wore a maga hat. dr. siegel is with us. he wants a full accounting of

president biden's cognitive problems. how about that? we cover it all, friday, octobe. "varney" & company is about to begin. >> good morning, stuart and susan, here i am working in my home office with my ever-present fox business. thanks for the great work. ♪ dancing in the moonlight ♪ stuart: that gentleman left you out. stuart and susan? lauren: i know. stuart: don't forget lauren simonetti. lauren: ashley webster. we're on it, me and ash are coming back for revenge. stuart: all right, good morning, everybody. we're going to start with the jobs report. 263,000 jobs added in september. okay, look, i characterize it as kind of middle of the road. not too strong, not too soft.

maybe the market thinks differently. lauren: can i say it doesn't matter because we get cpi on thursday and that's the data point the fed is most concerned about. i think this is a good report for the fed, because they can show what they are doing so far with hiking interest rates is working, because look, if more jobs being created or restored you have the prior two months revised higher, problem is you still have people that don't want to work, you have the participation rate dropping as 57,000 people just stopped looking for work, that's why your unemployment rate falls to 3.5%. the other thing i keyed into and this is good for the fed, that the people who are working are making less money. if you look at annual average wage growth it rose 5%. that's the lowest reading annually so far this year. so what does the fed do with all this , right? they are slowing inflation, if you look at the wage growth component. they are adding more jobs, so we might, there's a 78% chance we get a fourth 75-point hike from the fed when they meet next

month. stuart: that's what's upset the market. lauren: yes. stuart: that 75 per per chance there's another 75 basis points move. lauren: for now. stuart: all right, look at the market. this is the reaction. down 200 on the dow, down 2 on the nasdaq. that's what futures are telling us. bill baruk is with us market watcher of this friday morning. bill, i read your stuff and you say we could get another historic rally. we would love to hear stuff like that. tell me your thinking. >> yeah, i do. i think risks are now skewed to the upside. i think we're setting a very parallel path that took place in july. june, the quarterly close was pretty awful. we came out of that with a pretty good start to july, similar to september and here to the start of october, and it really was a matter of cpi so cpi next thursday as your colleague just mentioned is going to be crucial but remember , in july, it was june cpi and that actually came in hot. the market couldn't sell-off any

further, because of that it was able to rally in those risks were skewed to the upside, and i think you saw the good flows. now, one difference here, to play devils advocate is october 's inflation data, the early indicators for that are showing a rise in october, so that could be a little bit of a little headwind here if the market arises. stuart: that's what really you're looking at is more important than the jobs report. the consumer price index. >> absolutely. stuart: next week, because that will relate to september, it won't relate to october. are you telling me that inflation is now on the upswing, and that's a problem for you, right? >> yeah, it looks like the cleveland fed now has headlined cpi at increase of 70 basis points or seven-tenths of a percent which is keeps it very elevated pressing towards 9% year-over-year. stuart: got it. thanks very much indeed, bill. it's a very difficult time to be looking forward in this market. you've got a difficult job to do

young man but you do it well. thanks very much, bill turn to politics yeah, why don't we. federal agents investigating hunter biden. believe they have enough evidence to charge him. lauren, what could he be charged with? lauren: failure to pay income tax, money laundering, other tax crimes, and lying when buying a gun. this has been a four-year investigation, a potential charge, or charges could come anyday now, so trump-appointed judge dave weiss is handling this case. a potential problem is this. investigators seem to be going after-tax crimes rather than his international business dealings, using his father's name. this is what hunter's attorney says. it is a federal felony for a federal agent to leak information about a grand jury investigation such as this one. we expect the doj will diligently investigate and prosecute such bad actors as is proper and legally required. stuart: yeah, yeah, yeah. lauren: he continues. did the doj diligently

investigate the abortion leaker? and why was this hunter biden story leaked? maybe there's a worry, among officials that from the information they have, i'm speculating, maybe there's a worry he's only going to get off with a slap on the wrist here and remember what biden said in florida? no one gives a, what was it? stuart: no one mess with biden. lauren: so -- stuart: wonder if he's referring to the hunter biden case. lauren: i don't know. stuart: we need to bring in mollie hemingway whose been following this. they have been investigating for four years. why have there been no charges until now, and they are only just a possibility now. >> right we'll see if these charges even take place but the ones mentioned are things that have actually been publicly known for years. we haven't, we had it public public reported on this lying form to get a gun and we know the doj itself notified hunter biden about his failure to pay taxes which was a very friendly thing to do that enabled him to

have a very powerful friend pay those on his behalf in a way to avoid higher charges, but the real context here, are all these other reports we've had from whistleblowers who have been talking about all of the investigations into the biden family business, which is not just hunter biden. james biden, joe biden's brother , is a big part of the biden family business, where you trade access to the president, and the policies and finances that that provides or , you know, access to a powerful person when he was in the senate or vice president in exchange for money from the chinese communist government affiliated companies, or ukrainian business interests. it is clear that this is what is most disconcerting about the biden family business, and there has been a very weak investigation into that. at the federalist, where we reported that former attorney general barr and a host of other well-respected department of justice officials believed that there was more than enough reason to appoint a special counsel to investigate this , that the resources of the delaware office were not sufficient for such a wide rang

ing investigation, and this report of a couple charges that may or may not even be put out is nowhere near enough to deal with the gravity of the situation. stuart: it just, it's casper at ing because this is a four-- year-old story, the new york post has been going through it forever, and all we've got is a couple of charges, maybe, maybe, about taxes and guns. you're quite right. >> even worse than that we had the fbi being involved in the 2020 election by telling tech companies to help sensor that very real story into the biden family business on false claims that it was russian disinformation. we have an fbi and department of justice that are routinely meddling in elections on behalf of democrat allies and against republican candidates, and you've had a complete takeover of the department with politicization, whether they are going after multiple different types of republicans from the former president to school parents, and all while doing very little to investigate

anyone on the democratic side of the ledger. they are going after pro-life protesters while ignoring the firebombings and arson attempts at pregnancy centers, the assassination attempt of a supreme court justice, so we have major problems at the department of justice and if they think that charging hunter biden for two of the least problematic things involved with the biden family business is sufficient to correct these problems, they should know that that's not in any way going to be enough. stuart: stay on it, mollie hemingway, and thank you very much for being with us. >> thank you. stuart: thanks. all right, futures, we've got some red inc. this morning the markets taking the jobs report as being a little strong, therefore the federal reserve won't back off from interest rate hikes, so the market goes down. not that much, 200 points down for the dow. here is clinton's, hillary clinton's long-time aid, umer ab erdeen on why hillary didn't win in 2016. >> all these impossible

standards she needs to be taller , shorter, talk this way, this is annoying, you know, she looks angry when she speaks and it was almost like you couldn't win, no matter what you said. stuart: well, wait a minute. what about margaret thatcher or liz truss? margaret thatcher won an election 50 years ago. governor ron desantis' wife casey stegall playing a leading role with hurricane relief. that looks good on the national stage maybe as a future first lady? we'll be back. ♪ ♪ people remember ads with young people having a good time. so to help you remember that liberty mutual customizes your home insurance, here's a pool party. ♪ good times. insurance! ♪

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stuart: the jobs report this morning, investors seem to take it as a fairly strong report and selling off stocks but not that much, dow is down 200 nasdaq down 180. residents in southwest florida still trying to ic p up the pieces. robert ray is in the middle of it in fort myers. how is the cleanup going there, robert? >> yeah, stuart, good morning to you. we are seeing progress. the big clues, the heavy machinery, picking up debris like what you see behind me, across areas, but the thing is, stuart, what we're also seeing is the heartbreak and the devastation of all of this. i actually just spoke to tom and lisa land. they have this house. i'm standing on their property. they built it in 2018. they tell me that they have been on the phone, stuart, with insurance. they can't get their insurance company to even return a phone call at this point. they are also told, because they are temporary residents only down here six months, the other

six months up in chicago, that they are not eligible for fema money. they are in a bind right now. they are completely losing everything that they have here, and they are not sure of their future in the short-term and the long term here. they just got down here, literally, and this is what they have seen. on top of that, stuart, there have been over 90,000 structures in this area that have been swept and door knocked by officials they tell us. the death toll, the loss of life , unfortunately, continues and is over 100 at this point. second-only to hurricane katrina 's 2005 death count in this century which was over 1,800. historically this is going to be retired. there is billions of dollars of damage right now, stuart, and that number, we just don't even, can't even fathom what it is at this point because stuart, literally, over think on fort myers beach, just ink across inlet from where i'm at, they are still searching through the

piles of rubble looking for a miracle, and you know, power at this point, electricity there's still over 100,000 people without it and they can only restore it in areas where the infrastructure is suitable. this area right now, not at all. they are going to have a problem restoring that so in the meantime residents are coming back a week after ian has come in, and what they are finding is absolute devastation and heartbreak and the economic losses they just keep piling up and the complications with insurance even more intense for personal lives, stuart? stuart: robert, the pictures tell the story. tell it very well. robert ray, thanks very much indeed. that is the case, when you look at those pictures you realize, if you're under-insured, well, you're going to lose almost everything and no insurance, you do lose absolutely everything. lauren: and a lot of people are under-insured in certain parts of florida because they are snow birds and not there all the time and with covid many people have stayed longer than they should, or plan to, and didn't adjust

their insurance policies. stuart: not everybody can get back to see what's happened in their houses. it's that bad. look, let's get on with this , because governor desantis, well you know he made waves on social media when he stood at the podium with the presidential seal. well, his wife casey is reportedly leading the hurricane relief effort. florida congressman byron donald s joins us. congressman, are we seeing a future president and first lady in action here? >> oh, yeah, it's very possible there's no doubt about that. listen, governor desantis has been a leader and everybody sees it, even joe biden had to acknowledge it two days ago. he has pulled the trigger and it's not just during the recovery here in hurricane ian. it's even with how he managed the state during covid-19. he's done a phenomenonal job as our governor and so i think that if voters decided that's what they wanted he would absolutely i guess make the seal come true. stuart: fort myers, part of naples, that's your constituency

that's where the damage is being worst. a lot of the people that we're seeing have lost everything. where are they going to get the money from? where do they get any money from any idea? >> well, there's going to be a number of things that are going on so there's obviously the fema individual assistance. fema is actually in communities right now walking, knocking door s. people actually can get fema assistance right now. then, the army corps of engineer s they have operation blue roof for people who want to get their roofs tarped, go to blueroof.us. the army corps of engineers is tarping blue roofs. the sba is actually doing low interest loans for businesses and individuals, so people who need help they can get a low interest loan with businesses and with individuals through sba then you're going to have all of the various state assistance in the insurance villages, the department of employment

opportunity. they are provided for people who are out of work. they provided the ability for you to get unemployment insurance during this time period where obviously disaster has struck. the national guard still has food, water and ice being distributed to people in southwest florida, and then on top of that is what you talked about with the first lady. florida disaster fund.org, that is a charity through visit florida that the first lady is running of the great state of florida. casey desantis and that's available to help individuals through our non-profit groups, so there's a lot of assistance that's out there. what's going to be coming from the next couple days is making sure people communicate, that's being communicated so people can take advantage of those resources. stuart: clearly everybody is on top of it down in southwest florida. congressman thanks very much for being with us. i know you're busy but thanks for taking time out to be with us today, sir, appreciate it. >> thank you. stuart: friday morning, how is the market going to open? it will open down, but the red ink was worse just a few minutes ago. we'll be back after this.

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stuart: okay, the jobs report has produced a 200 point drop for the dow, at the opening bell probably, and a 200 point drop for the nasdaq, at the opening bell probably. our market watcher of this morning is scott ren. scott what is your reading on-the-jobs report? i said not too strong, not too weak, somewhere in the middle. what say you? >> well, stuart, i think for the market and you can tell by the reaction that it might be a little strong, and certainly, we still have a good labor market out there, but of course, the feds hiking rates they want all of us out there spending less money and one way to do that, and they might not say this directly, is to have a higher unemployment rate, not a lower unemployment rate. they want people out there spending less, people who have, you know, fewer people having jobs that reduces spending in the economy. stuart: now, you're a global strategist. so you look at markets all the way around the world. would it be true to say or would you say that the american market, american stocks, are the

place to be right now? >> i think it is, stuart. we're very favorable for u.s. over international. we think by the end of next year , the s&p 500 will be at 4,400 so that's a good gain from here, but when you look at the u.s. economy, it's much more resilient. it's much more productive. we tend to have more liquid markets where europe, for instance, low productivity, high unemployment, they didn't really handle covid very well. you could say the same thing about japan, so there's not a lot of global growth going on, certainly in the developed world , so we heavily favor the u.s. over international markets right now. stuart: is it time to go on offense? in other words, start buying? would you do that today or next week or anytime soon? >> no. we're hunkered down. we've been playing defense since say march and april, but our discussion, you know, when i talk to my colleagues on the investment strategy committee, we're not talking about how to get more defensive,

how to hide more. what we're talking about is what is our timing going to be looking forward. usually, the market turns higher about half way through a recession. we think we're going to slip into a recession late this year, probably last until the middle portion of next year, so what we're thinking about is when do we get more interested in sector s and asset classes that are going to be sensitive to a recovery. we don't want to get more defensive here. stuart: scott i've asked all of the other market watchers who appear on this show. what's wrong with a one year treasury that you buy and hold to maturity and milk for 4%? what's wrong? >> i think there's not much wrong. i just had that discussion with my dad a couple of days ago, stuart, so there's not much wrong with that. short-term fixed income is where we want to be. that's where we've been more favorable. it's less susceptible to these jumps in interest rates, so we've moved money from equities into fixed income and we've certainly been in short-term fixed income. that's the area, the term that

we would favor. stuart: i just hope your dad got the idea from watching this show i'm not suggesting he did. >> i think he did, stuart. stuart: oh, there you go. you can come back anytime you like and bring your dad with you thanks very much indeed scott wr en, you sir are all right >> [opening bell ringing] stuart: let's see how we open on a friday morning jobs friday, jobs showing 263,000 jobs in september, here we go. we're going to be down about 283 points, we have started. i see chevron as a winner. well, oil prices are up and so are gas prices. j & j is a winner but the rest look like losers. dow is down close to 1%. s&p 500 also on the downside. 1.15% there, and the nasdaq composite, where's that this morning? down 1.6%, oh, dear. a better show you big tech because it looks like they are all down, yes they are. look at apple 142 you kidding me

amazon 118, meta 136, alphabet below a hundred, microsoft is down 6 bucks good lord. lauren: oh, my. stuart: good morning, susan. >> we've got a fresh headline on elon musk and twitter, take me through it. >> sub $50 so you're $10 less it was 10% gap now between the offer price and what twitter is trading at and the reason is because the trial has been delay ed until october 28, and that's the date that musk says he needs to delay it until in order to get the deal done so twitter thinks it's a stalling tactic and musk is going to try to find a way out. that's why you have the big gap in terms of the offer price of 54.20 and twitter trading sub-$ 49 by the way, and the reason is because funding is not secured here. the banks underwriting that $13 billion loan. they are going to lose hundreds of millions of dollars first of all because there's a frozen corporate debt market so they can't sell it, and then they have extended these loans when rates were closer to zero.

also if musk can't get the $13 billion in loans, he could say well, the moneys not there, so i can just walk away and pay a billion dollar breakup fee. now the judge might compel him to the banks to get that cash. according to reports you have the banks saying they haven't received any word from musk's team he wants to go through with this deal, so you can see why there's skepticism on the twitter board and the management team. now, also, you have musk sold $3 billion short according to wedbush, he still needs to sell tesla stock, and then what about that $7 billion in that consortium of rich people including binance, and larry ell ison, said they haven't received word so there's a lot of skepticism here and a lot that can happen in the next three weeks as i mentioned i think wall street is also skeptical about whether or not this deal gets done. stuart: i'm not sure that elon musk is that popular with wall street, with a lot of executives , with a lot of people and investors. >> i wouldn't say that. i would say he killed the shorts obviously, that have been short ing his stock and some say

rightfully so and he's made a ton of money for tesla investors reaching a trillion dollars in market cap worth more than the next 10 car competitors combined so i think he's doing something right. stuart: you've got it. now let's get to this. take a look at pop stocks. they aren't doing much this morning, but yesterday, they went straight up. >> oh, yeah. stuart: they are rallying on biden's marijuana pardon. >> actually they were up in the pre-market so i think the jobs report changed that as well so the federal possession charges will be pardoned as you know, that effects 6,500 cases. biden also asking for states and city localities to pardon marijuana possession cases, and then you have tilray earnings this morning, lost more money than expected lower sales and they did reaffirm their full year forecast because of cost savings so not exactly growth when it comes to sales but pot is legal in 19 states and counting, and some would say that with this federal pardon that that could accelerate more states to possibly as you know -- stuart: i think it will.

>> federalize. stuart: if they legalize it at the federal level, that business explodes. >> of course. stuart: it expands dramatically. advanced micro devices. >> this is a big deal. stuart: i thought the chipmakers were doing real well. >> they were up until recently, and this is more of a pc problem because amd makes chips for those personal computers, so they are citing weaker sales, supply chain issues here, and that means they will make less sales, less money per-chip. amd says the sales are short about $1.2 billion, plus or minus $200 million on that estimate but pc's aren't selling well compared to when people were locked at home. remember when you had to refurbish your home office because covid meant you weren't going into the office. what i find surprising is it's dragging down the entire chip space, because i don't think nvidia makes that many chips for pc's more of a gaming graphics chipmaker, but it's interesting that when i look through the actual warning itself from amd, they said gaming was still pretty strong and the rest of their business. stuart: advanced micro devices

when it's down 6.5% like that you know somethings going on. >> i don't know why you're obsessed with the two year treasury yield, you can get 4% in six months so put six months of your money in the u.s. government. stuart: that's a very good idea. i've changed my mind entirely. i'm now promoting the six-month treasury. >> challenge your guests? stuart: yeah, it's a t-bill, not a bond. i take your advise thank you very much indeed. now what's this about a possible link-up between disney and draftkings? >> i think it's interesting times we live in because we were just talking about how we could be legalizing more marijuana in different states, for online sports betting. bloomberg reporting that you have draftkings close to a major partnership with disney's espn unit so it's more of a licensing deal where draftkings can license the espn brand to a sports book and offer betting odds during live games. that's the future of sports entertainment, isn't that interesting? so disney already owns a stake in draftkings with marketing deals with caesars and

they've been really looking for an online sports betting partner and this deal could be about a $3 billion deal between the two. stuart: i watch premier league soccer as you know, sometimes i sit at the bar watching the tv on. i've got guys next to me who are making bets during the game. >> okay on their phones. stuart: yes, absolutely. >> also the u.s. is behind other international markets like the uk when it comes to sports betting because that's been around in the uk for a decade at least, right? stuart: remember when you were in london? there's a betting shop as we call them on every street corner every single one. >> i thought they were called p ubs. stuart: well, that too. what's this from levi strausse? >> this goes back to demand and the consumer, i think, because the iconic blue jeans maker cutting their full year sales and profit guidance, supply chain they are blaming inflation , strong dollar being blamed here, but i think that strong jobs report, yes, was less than expected but the fact that you had the jobless rate coming down that's made everybody rethink how strong and

how aggressive the fed might be until the end of this year. stuart: we were going to have well we did have a private discussion during a commercial break about how many pairs of jeans various people on our team had. >> how many did you have? stuart: one young lady has 50. lauren: it wasn't me. >> who has 50? am i allowed to ask for names here? and how many do you own? stuart: four, one in each house. >> [laughter] stuart: moving swiftly along. lauren: it's like one pair of jeans. >> what's the other brand? >> gap. lauren: a true american, i love that. >> [laughter] stuart: do you remember those? >> do you know what ang is? is this going too far? stuart: yes. you never heard of true religion >> that's an 80s brand i believe, right? lauren: early 2000 maybe? stuart: i'm getting screamed at because we're taking too much time but that was fun. lauren: i can't believe you have true religion. stuart: my daughters do. check the 10 year treasury look at the rate go up. the yield on on the 10 year

treasury is now 389. gold is at 09,, bitcoin is at 19 , 600 oil last time i checked was oh, key marker there, $90 a barrel. >> did you know this is the strongest week of gains for oil prices since russia invaded ukraine? stuart: yup, straight up. nat gas down a little, 686. the average price for a gallon of regular went up again three cents higher overnight 3.89 and california you got a break, it was 6.42 yesterday it's only 6.39 today. coming up, comedian russel brand blasting hillary clinton and other liberals for calling trump supporters fascists. roll tape. >> is fascist just the convenient term to bring down people you don't agree with there are families where there are trump supporters and democrat in the same family. stuart: cute accent, ha? he didn't stop there by the way. we'll show you the full tape coming up. vice president harris will visit austin, texas this weekend. why won't she visit the border? texas congressman tony gonzalez

represents a constituency right on the border. he's on the show later. how concerned should we be about biden's cognitive abilities? ouch. watch this. >> american is a nation that can be defined in a single word. jackie are you here? where is jackie? i didn't think she was going to be here. stuart: all right, look the question is when does it cross a line and you can say the president is impaired? dr. marc siegel will take that on, brave man, next. ♪

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♪ stuart: all right, that is phil collins, and you're looking at denver, i do believe. it's about 61 degrees there. check those markets, please. we're sinking a little bit here. it looks like investors think that jobs report was pretty strong, so the fed may not be easing up on rate increases. dow is down 300, nasdaq is down 221. okay it's no secret that president biden has made a number of gaffes during his presidency. there's a string of them. watch this. >> so, the best way to get something done, if you hold near and dear to you that you, um, like to be able to, anyway -- >> we're going to seize their yachts, luxury homes of putin's, yeah cliptocracy. america is a nation that can be defined in a single word. >> jackie, are you here? where is jackie.

i didn't think she was going to be here. stuart: all right doc siegel joins us. you're saying that america deserves answers on president biden's cognitive function. in your money, has he crossed some kind of line and can now be labeled impaired? can you say that? >> no. i can say that he's reached a line where we need to know. we're testing needs to be done, where we need full disclosure. stuart, this country has a long history of hiding presidential health problems, going all the way back to woodrow wilson to fdr to kennedy, toize en you hower but here is the problem when it becomes apparent there's a problem, you are already sending a message of weakness to our enemies. you're already sending that so the american public has a right to know, because in the 20th and 21st century, we're doing yearly physicals on our presidents, and i don't like that on the last physical, a year ago, it was said he has an impaired gate.

a stiff gate. well neurologists know that can correlate with cognitive problems with certain issues with the brain. i didn't see an mri. i didn't see a cognitive test and if anything, over the year, its only gotten worse so i'm calling for it now. i'm not calling him impaired via video clips that are highly suspicious, stuart. i'm saying, let's test him. let's get some answers. let's get a real neurology report. let's get a real cognitive test and see an mri. we need to know, because what's at stake here is executive function. this is the chief executive of the united states, and executive function involves planning, decision-making, attention to detail, all of the things. it's not just aging, by the way. it's a lot of the medical issues he has in the past including atrial fibrillation which is an arrhythmia and having had some procedures done on his brain. all of this doesn't prove anything, but it's a need to know basis. stuart: indeed. it's a tough subject to talk about but its got to be addressed. all right, doctor, another one for you. the president issued a federal

pardon for marijuana possession. do you support legalizing recreational marijuana? >> no, and i'll tell you why. from a purely medical point of view, the word marijuana needs to be changed because we're talking about thc content here, and its risen from when i was in high school to 1.5% all the way up to 30 to 50%. the product you're getting now is 20-30 times more powerful, and we're seeing it with a huge increase of cannabis-induced psychosis with vomiting syndrome s. stuart did you know that almost 10% of the people that come to an emergency room vomiting in states where it's legal are doing it because of marijuana? we're see seeing marijuana poisoning, psychosis, worsening of mental health issues, behavioral issues so just across-the-board legalize it, will only encourage that. there's no standards here. there's no restrictions and no regulation of the product. now, i understand that there's a

huge industry and as you said before, the stocks of tilray and canopy are soaring but that doesn't make it the correct move medically. it's not the correct move medically. stuart: clean-cut answers on difficult questions. doc siegel you got it. thank you very much indeed, sir we appreciate it. >> thank you, stuart. stuart: all right, here is a question, a medical question i'm addressing it to lauren. why is the cdc not reporting, now, daily covid cases and deaths? lauren: so on october 28, they are going to move to weekly case numbers. just like the flu, right? i think that suggests the hide ened anxiety that we've had over covid for the past two-plus years is winding down. stuart: that's a fair statement, thanks, lauren. oh, sorry, another one for you. jumping the gun here. a cdc analysis shows that youngsters under the age of 17 have had at least one covid infection since the pandemic began. that means they got a lot of antibodies, right? immunity? lauren: 86% of kids have antibodies from a previous infection, and that's a big

number. it does mean, yeah, they are protected against reinfection. the problem is we don't know for how long. so that is why the cdc is still urging these vaccinations and they say you should get a boost er shot at least two months from your previous shot and i think that's the problem that all people have, particularly parents have. stuart: sure. lauren: your kids going to get covid likely even if they had it before or they are vaccinated or boosted against it. are you constantly supposed to do a booster shot? stuart: what are you supposed t do? lauren: deal with it. stuart: look at the bottom right hand corner of the screen. the dow is now down 428 points that's just about 1.5%. yay west says his friends threatened his life just because he supported president trump. roll tape. >> my so-called friends/handler s around me told me like if i said that i liked trump that my career be over, that my life be over. they threatened my life. stuart: why is hollywood so

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stuart: southwest florida, they have to deal with exploding electric vehicles after the water got to them. take me through this one. lauren: so florida actually has more ev's than any other state aside from california. so some of these 95,000 vehicles you're looking at one of them completely submerged in saltwater, right? their batteries been completely submerged so they are just corroding in the water. that's sparking a fire. florida's fire marshall says this is a new challenge. obviously, for the firefighters, especially on this scale so what they are doing is dousing the fire with 1,500-plus gallons of water to extinguish it and it's not going out. like a gas engine would, so, they are often letting the ev's just melt to the ground. stuart: that's not good publicity for tesla, or for any

electric vehicle is it? lauren: not at all. stuart: that's not good at all. lauren: we knew they could catch fire. who knew they couldn't get them out. stuart: we've known that you can't put the fire out. it's very difficult to do. lauren: yeah. stuart: i think that's a real problem here. better check that market please. we're going further south now we're down, what is it 435 points. the wall street journal nick tim aros, he's the guy to go to at the journal about the fed, he says today's solid jobs report is keeping the fed on track for another large rate hike. that does it. the dow industrials down 440, nasdaq down 280, lots of selling still ahead, tammy bruce, greg j arod, texas congressman tony gonzalez, and stu leonard. the 10:00 hour of "varney" is next.

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stuart: another really nice day in new york city, sunshine on the empire state building, 10:00 eastern. but better get to the money because it is a selloff, the dow is down 470, the nasdaq is down 305 points, 2% down for the s&p, look at this. the yield on the 10 year treasury going up 3.859% and oil is over $90 a barrel, not good for the market and suggests enterprise dotage energy price inflation, bitcoin, a price of 19,000, that's the markets this friday morning, now this.