>> we have major problems at the department of justice, if they think charging hunter biden for two of the least problematic things, that's not enough. >> october's inflation data, early indicators show a rise, a little bit of head wind. >> what is the timing going to be? looking forward we think we will slip into a recession. what we are thinking about is when do we get more interested

in sectors that are sensitive to recovery? >> when energy continues to rise it will go higher in november and because the fed to remain as aggressive as they are remaining. ♪ stuart: put it on the screen. lauren: makes me want to go to the beach. no one knows who he is. stuart: that should be the trivia question today. 11:00 eastern, it is friday, october 7th. look at the markets. off of 400 points on the dow, 280 on nasdaq. big tech, every single one of them is sharply lower. microsoft is down $10.

thanks very much. apple back to 141, that is a selloff big time. maybe this is why, the yield going straight up, now it is $3.87, big tech doesn't do well with higher interest rates like that. now this. the president has parton thousands of people who were convicted under federal off possessing or using marijuana and order review whether part should be in the same category as cocaine or heroin. cannabis stocks went up on the news, they are down today on the big selloff because the president seems to be moving towards legalization at the federal level. that could open the pot industry to another big expansion. recreational use of weed is allowed in 19 states, another 12 have decriminalized its use, 37 states for legal medicinal use. walk the streets of most big cities and you will smell it.

the president is testing the political waters, he announced a fundamental change to the drug laws right before an election, and election in which is party is not doing well. he's taking a gamble here. the president needs a winning issue, this may be it. public opinion has changed dramatically, the majority favors legalization and in states where recreational use is okay there have been problems with underage use but the sky has not fallen. when i walk around new york the potheads do not scare me but the drugs do. on december 5, 1933, the prohibition of alcohol came to a end, the states wanted the tax revenue and a lot of people like to drink, they didn't see why they had to go to jail for taking a drink, same thing now. vast numbers of people want to use weed, state and feds could use the money and prohibition of marijuana seems to be coming to a end.

the third hour of varney just getting started. we need a californian. we got him. his name is steve hilton. this marijuana parton, i think it is a big gamble for the democrats right before an election, you think it will pay off for them? >> another way of putting that in terms of the election, this is a big briber from democrats, an attempt, a bit of pandering to get some people on their side they are worried won't turn out to vote, student loans and now this. on the other hand doesn't mean it is wrong. i am with you. adults should make these choices and it is important that some people who are in jail and shouldn't be, shouldn't be barred from getting a job and have those

obstacles in their way because of something that reflects a different society when different priorities were there but it is still an election bribe. stuart: inflation relief checks going out today, receive some kind of relief, $1000. it surges to $6.39 for a gallon on average. what do you make of these checks going out today. >> speaking of election bribes, this is absolutely absolutely unbelievable, this is really for gas prices, roughly $2.50 higher the average, that is a direct result of democrat policy, the intentional result of their policy, a big chunk,

direct gas attacks and the regulations they put on the industry which pushes the price up. they started discussing this, this was proposed in march. from the moment they actually get to send it out is weeks before an election, when the ballots, we have all-male voting in california, stated checks to the front ballot and send it out. stuart: i was checking you out, you went on a twitter rant talking about smart phones. more and more services from smart phones, this is digital discrimination and should be stopped, we should be incentivizing people to be phone free, not make society more dependent on toxic antisocial and high human devices. i don't think you've quite made your case. you are the guy who doesn't

want a smart phone in the hands of anyone under 16. that is true. >> exactly right. i don't think children should have unsupervised access to the internet. you see all sorts of terrible content, violent and aggressive porn shouldn't be allowed and despite the parental controls they say they put on there, in fact kids know how to get around them because they are very strong, parents want more kids to have these devices but feel they have to go around with it. in terms of the adult world, people make their own choices but the choice not to have a smart phone has become increasingly impossible in today's world. i made that choice and found over and over again, small things like showing up and checking with the restaurant are bigger things like engaging with government services, you

literally can't do it if you have a smart phone, they are designed exclusively for smart phones. i don't think we should force people to have these devices as a matter of course. b1 if you band them isn't that an unconstitutional interference in trade? >> i want to ban them for children. we make many rules that ban things to children whether it is alcohol or weed as we were discussing or smoking. lots of rules we put in place to protect children and actually that kind of rule would help parents do what they want which is to limit their kids exposure, which is unsupervised. i am saying actually, but is in government services is banning people who don't have smart phones from using their services. i don't think that is acceptable. stuart: i know we will get a lot of emails on this and i will pass them on to you. we may feature them in weeks to come.

on the next revolution, sunday night, 9:00 pm eastern only on fox, thanks a lot. back to the markets, still selling off but not as bad, down 400 points on the down what we have on the nasdaq? jonathan honed a good with me, bear market is not what kills the economy? what does? >> reporter: we can recover from a bear market. what kills an economy is what is killing this economy and that is inflation. americans are getting frustrated, 400500 points, or the fact costs are going up, people's wages are going down, the federal reserve of dallas had a number, americans got an 8% pay cut. imagine the president fund raising or campaigning on everyone gets an 8% pay cut,

that kills an economy, 8% year after year after year, savings evaporating, that is what is going on, no evidence of any leadership from the white house to put it in reverse. of the one i agree with that but what about the future? do you see inflation moderating at all big time or at all in the month to come? >> it started in washington it needs to end in washington. this is not a washington or wall street story, it is a main street story, cutting back on food, travel, dating, quality of life is suffering but back to 1978-79 the end of the last great inflation jimmy carter was putting 7000 government jobs a month, he had a lean budget, he cut taxes, those policies need to be enacted in washington just as vigorously as a stimulus was enacted, the $5 trillion of stimulus everyone arguing for bigger and

bigger stimulus checks, paycheck protection program and more giveaways and inflation reduction in california, all material that fuels inflation, that is what is killing every day americans, working the same amount but making 8% less when costs are going up and investments are going to the ground. stuart: thank you very much, see you again soon. lahren is looking at the movers. amd down earlier. lauren: the chip silver maker warning it will fall $1 billion shy of their forecasts, pc shipments down, week demand, semiconductors, but concern this could be worse than expected, one reason intel is down 4%, one of the big reasons, 400 points. stuart: what is the story with meta other than it is now because interest rates are rising?

lauren: they are telling usernames and passwords might have been stolen because they downloaded a bad apps. if you look at a year to date performance for meta, down 60%, worse than their competitors. to investors not believe in their pivot? they are less than 1% of the s&p 500. stuart: they state their claim in the meta-verse. lauren: that is how it seems. stuart: levi's down sharply 8%. we to they cut therefore your profit forecasts, they missed on their latest quarter's revenue, morgan stanley said they are taking a hard hit from the supply chain disruptions and that hit. stuart: how many pairs of jeans you have? lauren: i stopped counting. i drove them out but levi's has strong brands, they really do, surprising to hear this. stuart: they are indeed. thanks.

right aid sick and tired of people stealing in new york city, they are considering a plan to lock up every item in the store to make sure nobody can shoplift. republicans are renewing calls for energy independence and the president says he is considering alternatives. does this include domestic drilling? i will try to answer that. the border chief says migrant buses and flights are attracting more illegals to the border. they say it is a ticket to go wherever they want. the border report is next. ♪ ♪ progress... (music) ...innovation... (music) ...discovery? or simply stability...

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stuart: look at that. 600,000 known got aways in this fiscal year alone. griff jenkins at the border at eagle pass, they found more migrants in a tractor-trailer. tell me more about this. >> reporter: since i have been on the ground in eagle pass there have been 75 smuggling attempt busted. it is unbelievable. i was here in the same spot reporting to you in june when we learned that 53 migrants had died in a tractor-trailer in san antonio. this turns out better. take a look at this video, in the are gv, a concerned citizen, and the sheriff and

had all go county, they found they were in the back of the trailer and more troubling, this tiktok video. the tiktok and bows, he drive an 18 wheeler right now from mcallen to houston, we pay $70,000 and most of that goes to diesel for that distance but it is part of why cartels are using social media to get involved in this smuggling endeavor. we were able to go up with texas dps helicopters as they pursued the 600,000 got aways. look at this video, the player camara technology, heatseeking individuals on the ground to find migrants under the brush and if we are being honest

there were several hours, that is why they are able to get away with resources and agents, they are walking over. we are seeing that all day long, look at this video, we've had multiple groups literally walk across the river to our spot. this live shot right here, i asked one of them do you have a message for president biden? he responded with thank you. it is unbelievable. this border from fentanyl to the got aways to the smuggling attempt as we head into the new fiscal year it has never been this much of a mess and that is one for the record books. stuart: thanks, back to you later. on a related note, the customs and border protection commissioner claims the migrant

transports by texas and florida are attracting more people to cross the border. texas congressman tony gonzalez joins me. i can see how the commissioner might have a point because if you are busing them to new york, dc, wherever, they are going where they want to go. >> the commissioner is the one that started this. the federal government was flying people all over the country, the state and municipalities busing people all over the country. i am getting word migrants are showing up going i want to go to chicago, new york, dc, the wild wild west along the border. it is 40 miles away from the border. i was sitting with the sheriff who was telling me story after story, people get apprehended and get released.

it is chaos along the border and this is due to the house democrats and president biden. stuart: the mayor of new york city, eric adams has declared a state of emergency over the migrant buses. any comment on that? >> he is not wrong. anything this touches, anything this border crisis touches turns to ash. don't care if you're republican or democrat, house democrats continue to turn a blind eye, the leader of the republican party pushed on this commitment, house republicans win back the majority, and if you get apprehended you get released. more people break the law. it is complete lawlessness along the border. of the one vice president harris going to austin, texas

for democrat fundraiser. in texas. do you think she will go to the border? >> she better go to the border. 74 members of congress, republicans and democrats, i am urging the vice president, i will host you at the border, i will load the room up with nothing but democrats just so you hear what is happening at the border and they will tell you the same thing everyone else is telling, it is frustrating the vice president is coming to austin, texas to raise money. this is about politics. people along the border, we had enough with the politics, we need help, we need solutions, house democrats led by mccarthy, we are ready to do that but it starts in november. vote republican up and down the ballot and let's get some change going. stuart: republican from the state of texas, thanks for joining us. let's get to new york city

because crime is so bad in new york, right aid is prepared to make drastic moves. this is locking everything up. ashley: theft has become such a problem right aid is contemplating facing showcases in new york city stores. they used the word shrink instead of theft when describing the unexpected headwinds the company is facing, right aid posted a $3 million net loss for the third quarter saying it was impacted via 5 million-dollar increase, the company has closed locations on the upper eastside and also added off-duty police officers in other stores and is considering operating a pharmacy only format in some communities.

stuart: good lord, thanks. we will see you later for our feedback. inflation, people are cutting back on lunches but there is one thing most of us, we are not going to stop spending on, i will tell you what it is shortly. crowds are back to normal at the grocery stores but people are not spending like they used to. that is in a few moments with some good news, prices of some foods are coming down. ♪ ♪ ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything.

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stuart: markets and selloff mode, dollars down 460, nasdaq going south to the tune of almost 3%. we have movers on a day like this that are going up. lauren: west texas is up $3 a barrel, the highest since august, best week for oil prices since russia invaded ukraine and that is why apache

and chevron did that. stuart: i think they are glucose company. lauren: it makes glucose monitors for diabetes sufferers. it is up 27% in the past month, 27%, two brokerages raise target prices in the eyes of people and pieper sandler. 20% from the upside. stuart: you have any takeover news? lauren: there is talk that cvs is in conversation to buy the primary health provider according to reports, deal could value keno at $14 a share. it is an upside on the stock, humana exploring a deal as well and healthcare, continuing this year. stuart: there's a good bunch of movers you've got there. what we've got for the weekend.

gas prices as you know have gone up for the last 13 days straight. national average is $3.89. grady trimble in chicago. any relief in sight? >> reporter: unfortunately not. good for the energy companies, not good for drivers lose the days of falling prices over the summer seem like a distant memory, the national average is $0.13 higher than it was a month ago. $0.10 higher than last week, those refinery problems outlasted to some degree in the midwest, started the search but now parts of the country that have been enjoying low prices compared to other reasons could see pump prices go up. in the south and on the east coast prices could increase $0.10-$0.30 per gallon, largely because of opec plus's production cut of 2 million

barrels a day, sending oil prices closer to $100 a barrel. >> what is your reaction? lauren: >> president biden: disappointment, we are looking at what else they may have. >> reporter: one of the alternatives the white house is hinting at is taking more oil out of the strategic petroleum reserve. >> we don't have to be in this situation, we don't need the opec complication. of president biden 18 months ago had gone to the got coast and said let's keep optimistic production now we find ourselves begging for oil in the persian gulf, horrible situation to be in. >> reporter: we are keep an eye on diesel prices, the national average up $0.03 since yesterday getting close to $5 a gallon and we know how that impacts everything else that we buy. stuart: it will be $5 a gallon

by next tuesday. thanks, see you soon. we have dealt with energy prices, let's deal with food prices. sue leonard junior joining us from connecticut. you say customer levels are back to normal but are they tightening their belts? >> exactly, tightening their belts. people are buying what they need, not what they want. a great article in the wall street journal, not putting much on sale every week, we are putting a lot on sale. customers are buying more on sale right now. we hear a lot of them wanting -- how do i freeze it? and buying stuff on sale and freezing it one way to save some money when you go there.

stuart: what products are you seeing with price cuts not because they are on sale but the cost has gone down? >> the lobster market doubled last year when it is now. lobster dropped in half. we had normally sold a lot at $9.99. we were able this year to put it on sale at $5.99. normally you sell a thousand a week, it goes up 10,000 a week. and a lot of that is because china is on lockdown and they were buying a lot of lobster from canada and that has dried up so the us has an extra supply of lobster right now so

that is one thing, we left ground beef at the same price, seeing the chicken markets ease a little bit. i talked to a meet a buyer seeing them easing a little bit. seems likely supply-chain is getting smooth the output a couple things are going up like the avian flu that is left the market, egg prices at a high rate. you can navigate through this inflationary time right now. stuart: i want to tell you a short story. i don't think he will mind. 1972, 50 years ago when i first came to america i landed at jfk in the middle of the night and have driven to connecticut. the next morning i got up and was driving around and went to your store, stu leonard's in norwalk, connecticut, my first

ever grocery store supermarket in the united states. the streets really are paved with gold because you have a great store. see you again soon. >> i hope you do and i would love to show you around. stuart: thanks for being with us today, appreciate it. >> love your show, thank you, happy holiday. stuart: when it comes to cutting back costs there is one service consumers don't want to give up. tell us what it is. ashley: streaming services. even as americans cut back in the face of rising prices, fears of recession, few are willing to give up streaming subscriptions. according to a report from national research group most people said they were more likely to cut back on dining out, groceries, and clothing and less likely to cancel

amazon prime, tv, and movie streaming services, just over half say subscriptions now make up a significant portion of their monthly spending with average monthly layout of $135. 9 was higher than that but according to another report most consumers underestimate how much they spend on subscription services every month by $100 because they lose track of those subscriptions that are charged automatically to debit or credit card which is easy to do a ramping up some hefty fees every month. stuart: not like it is real money, it is just gone. thanks. back to you shortly for friday feedback. united airlines wants to launch a fleet of electric planes by the end of the decade. before needing a recharge, that is the first question. electric cars bursting into

flames in southwest florida, firefighters blame water damage from the hurricane that it is nearly impossible to put these fires out. madison allworth has this story after this. ♪

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stuart: chicago, put the title on screen, thank you. this is why we are playing that music, united airlines want to fly electric planes by the end of the decade. ashley: that is the hope and plan, fly regional runs by the

end of the decade. part of the carrier's goal to fully reduce its carbon footprint to net 0 x 2050. the aircraft are being developed by swedish startup company, placing order for planes in july of last year and invested in the amount of money in the company. the 30 passenger planes were driven by electric motors powered by a battery allowing those planes to have a fully electric range of 124 miles in case they include a reserve hybrid engine powered by sustainable aviation fuel. not a bad idea. stuart: water in florida has damaged cars, including electric vehicles. madison allworth in naples, a

big problem for the firefighters, how many do they have to put out so far? >> reporter: in collier county alone they put out 10 electrical vehicle fires and those are dangerous. i want to bring in james hammond. when you see these fires what makes them harder to put out and more dangerous than gas fires? i want to make sure we share the video one of those teslas on fire. why are they harder to put out? >> allocation of resources we have to put towards these fires. the typical car fire is one thing, less than an hour job and these could take hours to cool the batteries to keep them out of a runaway situation into ties of resources a lot longer, and in some cases we have to secure the fire, as we don't get enough water to the.

>> reporter: the video we saw was on a runway but there was concern about these evs or hybrids as they return back, what is the danger? what do you want people to know? >> we ask them to get towed as soon as possible to a service center, work with their insurance and if they can't get them try to remove as much as they can, tell everybody 50 feet, if they get them out of their house, put the extra effort into getting them removed as soon as possible. >> reporter: there were a lot of gas masks because you are fighting this fire for a lot longer. >> standard in any vehicle fire, from the hazards of everything, crews would do that in any fire but it is the extended time we are there also.

>> reporter: this is a huge risk to people who still have those cars. got to get them away. stuart: thanks very much. this is going to be the third elon musk headline of the day, musk says tesla will soon start delivering electric semi trucks. will get the first of these? ashley: pepsico on december 1st, production of these futuristic battery-powered semis were slated to go to production by 2019 but the timeline is pushed back because we are told of a shortage of parts. pepsico reserved 100 tesla trucks in 2017 for beverages for manufacturing and distribution centers and retailers. the truck expected to pass $180,000 qualifying for a tax break of 40,000 under a program

approved by the senate. they have arranged 500 miles but where will they find the chargers? the tesla semi chargers, reaching 70% in 30 minutes but bear this in mind, the average mileage for an 18 wheeler is 2,000 one hundred miles one miles and they can fill up in 5 to 10 minutes so it may take some persuading for the everyday trucker to jump on board electric semi. stuart: all right, let's get back to the market. we do this every day. a sense of the market, but all 30 dow stocks are doing, 27 on down, the dow is below 30,000, twenty nine-four. don't go anywhere, friday feedback is next. ♪

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stuart: this is the best time of the week. it is gorgeous fall foliage. ashley, susan, let's get started. this comes from allie, watch out. who is the biggest diva onset when something goes wrong? not trying to get you in trouble. i take full response really, i am the worst of the worst, i try to hide it from you but when thing goes wrong i am tearing my hair out. susan: you said it perfectly. stuart: go on. ashley: back in the day, we all

ducked under the desk. stuart: thank you for that. roy. i knew there had to be another reason i liked stuart and then i found out he wears car parts. you don't see them in east tennessee. i want to ask the following question of susan. ever heard of that? do you have a pair? susan: i don't have a pair but i have many pairs of designer overalls. stuart: not leica bib. they are sort of in style. every year they are in style. they try to come back. stuart: i am doing business. this is from lisa.

thank you for great interview. wise john kirby in quarantine? he can transmit the virus to others despite his four vaccinations, no different from the unvaccinated heroes whose virus he supports. i support 100% with you all the way. this is from helen. thank you for call me reporting as the hurricane moved towards your own families and home. professionalism you displayed is amazing and thank you for once again displaying what our generation was raised to do. thank you for that comment. we take it all in hand, a great job in my opinion. dave sent us this one. stuart or ashley, why do english banisters where those goofy wigs? it is yours. ashley: it goes back to the

late 1600s when everybody in high society wore wigs and then it continued in the law profession because it set them apart those who applied the law for those to them. it is a sign of reference for the law if nothing else. it is tradition. stuart: very british, next one from phil. is the tractor a full char size? and you know how to operate it? two questions right there. it is a full-size tractor capable of that. i haven't touched it in some time. susan: do you wear the socks and sandals? stuart: i knew somebody would. lauren: who don't they want you operating it? stuart: family, friends. ashley: anyone in the way. stuart: we are out of time. thanks, everybody for taking

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stu: how many cars were sold in america in 2019? ashley. >> pre-pandemic going with the

highest number, number four. stu: lauren. lauren: 17.1 million. stu: i'm with ashley on this, it's 18 a 18.26789 the first oni got wrong all week. it was $462 billion on new vehicles in 2019. that's a lot of money. my time is completely up. and in three seconds, here is -- it's yours, neil. >> thank you very much. sir. stu: we have a selloff going on. this week a catastrophe and significantly up with dow jones industrials having the 1600 points they gained but substantial nevertheless and the big culprit today seems to be an adding to the selling. this report that shows even though job growth is slowing down, it's still fairly robust and likely to keep the fed