tv Varney Company FOX Business October 10, 2022 10:00am-11:00am EDT
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♪. [working nine to five ♪ stuart: good morning. 10 eastern. straight to your money. here is what is happening. after friday's big selloff a small selloff in the nasdaq. tiny fractional gain completely erased on the dow. you have a mixed picture the morning after the big selloffs of last week. the price of oil, $92 per barrel as we speak, going up just a fraction. bitcoin not much action there, $19,300 per coin. that is the markets. now this. let's call it what it is, revenge. vladmir putin is showering the ukraine's capital with rockets
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an drones, going after civilian targets and power plants. he wants to cripple kyiv's energy resources just as cold weather sets in. putin has been humiliated. his army is on the run. his pet project, crimea bridge is put out of action. humiliated putin is lashing out. that is his response. what is our response to his rein of terror. presidentpresident stunned evere talking about nuclear armageddon. hurdedly getting away from the media before they asked awkward questions. after putin's attack on kyiv, we need a clear-cut statement from our leaders. european leaders need to step up. this is a real war. he is threatening the whole continent. he is certainly trying to threaten them cutting energy supplies. conservatives in america have to decide how much help americans will give zelenskyy. there are rumblings not getting involved in a long foreign war. china wants to figure out how
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much they help putin. they thought putin would win and give beijing a gameplan to take taiwan. putin is a loser. still want to be on his side. all nations act what they believe in their own best interests. the whole best interests of the whole world is surely a putin loss. time for the good guys to stand up and be counted. second hour of "varney" just getting started. ♪ stuart: sean duffy joins me this monday morning. all right, sean, what do you think our response should be to be to putin's reign of terror? >> you have to negotiate, stuart, back someone like vladmir putin into a corner, seems what we are doing. he has a lot of nuclear weapons. he can destroy the world with those weapons. it is bad to back a guy like that in a corner. where are the smart people,
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people come in negotiate, let him save face, let him get out of this, let's bring the world back to peace but to think that vladmir putin is bad which he is, that we will have regime change in russia continue to back him into a corner, i think that is recipe for disaster for global affairs. stuart: mike pompeo, former secretary of state sat next to me 20 minutes ago, we america, should give zelenskyy the tools to finish the job. by that he meant pushing the russians out of ukraine completely. not invading russia. not offing putin. get the russians out of ukraine. what is wrong with that? >> then what, stuart, what happens after that, stuart? what is the next step after that for putin, right? if we do that how does he respond. stuart: isn't there some value to liberating ukraine, isn't there. >> 100%. listen, do i want to see vladmir putin storm across all of his neighbors land and democracies?
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no, i don't want to see that. if you back him into a corner the consequence of that could even be worse, right? we have to have smart people, not just puffing their chest out to play this is the old soviet union and there is no cone sequence for backing putin into a corner because there is. here is my concern. you have republicans and democrats, i love mike pompeo, i served with mike pompeo, i respect mike pompeo. he want america, puppets chased out. give vladmir putin ukraine, more assets more tools to fight the war. where are the republicans and democrats to hold on a second. we're really smart. see how this plays out. we're not playing checkers, stuart. we're playing chess. who is playing chess, stuart? i don't know. the consequences could be grave and desperate for the world if put inch uses his nukes and he threated to use them. america wants to support ukraine, give them weapons and tools, if this ramps up you will
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see america give up real quick when their hide is on the land because vladmir putin is angry at support we've given to the to the ukrainians. stuart: you differ from me in this respect. move on to this one. correspondent in abc news says the democrats are doomed for the midterms. watch this. >> the economy is so tough for so many people, food prices, rent spiking. if they got retirement funds those are evaporating. even the issue of abortion. while millions of people who that will be number one issue i think the economic headwinds are so tough and biden, he doesn't have oomph as a candidate. people don't want him around. i don't think the democrats are in any better place. stuart: ouch. democrats walking away from biden. only four weeks to the election. >> he is saying joe biden, there is no oomph with the president. there never was any oomph with the president, first off, stuart. second, democrats running on abortion and climate change, those are second and third tier
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issues for americans when they can't buy groceries at the grocery store, put gas in their car, heat will rise, price of energy has gone up and safety and crime is a huge issue. those are number one issues for americans. i think he is right but you have the chair of the d triple c, democrat congressional campaign committee, in charge of electing democrats to the house. sean patrick mahoney, chair of that, new york congressman is over in europe for 10 days raising money. he is not at home. he will lose his race. blake masters, arizona, kerry lake is surging for governor, bringing some air under the wings of blake masters. blake masters could win the senate race. governor's race in george go giving a lift to herschel walker. this could be cataclysmic. gas prices are rising, $93 a barrel? this is horrible for democrats. gas prices go up. they blame joe biden and
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democrats and they really haven't separated themselves, democrats have note separated themselves for joe biden because they voted 100ers with for his agenda. stuart: sean, we hear you loudly and quickly. >> thanks, stuart. stuart: democrat candidate for senate, john fetterman facing questions about his fitness for office. what now, lauren? lauren: lauren: always exciting in politics. this is a hard story to do, he is cities recovering from a stroke back in may. we wish him well. hope he recovers soon. he returned to the campaign trail. repeatedly verbal gaffs, stumbling has become ammunition for his opponent republican dr. oz to say he is not fit for office. if he has not fully recovered. here is real clear politic average, fetterman is up by over 3 percentage points, that gap it is narrowing. democrats are trying to flip the senate race in pennsylvania. we'll see if they can. stuart: do you have more on that fund-raiser for a couple of
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democrats on a balcony, swanky balcony in paris? lauren: adam schiff of california and sean patrick maloney of new york. you just heard sean say, you know, he might lose his race. they were on this three city trip to europe last week, collecting checking from democrats living abroad. they were seen on a swanky paris balcony sipping wine, eating hordeuvers, it makes them look out of tough with the struggles that americans feel at home. fox news digital got a statement and the european trip was part of the organization being the d triple c. their effort to stop maga republicans at home. i can't quite put that together. they're there drinking wine but want to stop trump republicans here at home. stuart: that would be a conundrum. lauren: i don't know what that means. stuart: nor, do i. lauren, thank you very much indeed. to the markets now, kind of
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falling apart. the rally we started the morning with has evaporated. we have the nasdaq down 80 points. got that. i want to bring in a big hitter on the market. that man is mark grant who joins us now. it seems to me, mark, investors are really worried about the fed driving us off a cliff towards a very nasty recession s that what you see happening? >> yes. stuart. ageless stuart as i call you. stuart: thank you. >> you're welcome. yes, i think the fed is acting much too quickly with these giant 75 basis point rate rises. they're causing borrowing costs in the country to go up substantially whether it's a mortgage on a house is now at a 12-year high. they're causing any kind of borrowing, corporate borrowing, to go higher and higher. it is causing major problems for the economy. i think the fed is out of
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balance there. their mandates are price stability not inflation and all their combat something inflation. i think they're causing, the way they're doing it, causing a lot of problems for the economy and for the markets. stuart: is there any way around this? i want to look to the future on this for a second. is there any way around a nasty recession? >> not the way the fed is behaving at this point. also not the way the administration is behaving throwing all kinds of money into the economy causing inflation while the fed is trying to lessen inflation. and you've got massive problems in the market. all the major bond indices are down double digits. all the equity indices are down double digits including nasdaq down over 30% year-to-date. stuart: i feel it. we all feel it. >> there is all this collateral damage being caused by the fed and what they're doing and i think the fed needs to slow down
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and say look, we're going to do 25 basis points three times. stuart: they won't. >> i don't think though will. i think they're making a very large mistake, stuart. stuart: okay. there you have it. you don't think they will slow down the rate increases. okay. mark grant, thanks very much for joining us, mark. we appreciate it. >> thank you. stuart: see you again soon. good luck in that market. back to the wall street. we've got the netflix that is interesting, up 2 1/2%. lauren: it is interesting because nasdaq dropped over two-year low. why do we have a substantial leg down in stocks? charles evans, federal reserve bank president of chicago is speaking. he says we're still waiting for convincing evidence that inflation is cooling. so yeah, they're going 75 for the fourth time when they meet again. that is why the market just turned. i want to talk netflix is up which means a lot when the stock market is down so much. jpmorgan says they will haul in billions of dollars for the new advertising tier. could add 7 1/2 million
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subscribers next year alone. stuart: that is good. we'll take that. ford is down. general motors down 6%. lauren: same reason. ubs cuts them, takes them down to neutral. says they're only $38, which is up where they are now. they like the ev pipeline. the overall sector is deteriorating next year. they expect gm earnings half in 2023. stuart: all the companies looking to the future saying it is getting worse, getting worse. lauren:s a the supply chain is getting better. which means we don't have enough inventory now. but we have might have a lot of inventory goes on sale soon. stuart: don't know what we'll do with it. except put it on sale. five9, are a cloud calling center. lauren: how annoying when you call someone you speak to a computer, that is what they do, the software. they're down 20% the ceo resigned. they announced quarterly numbers. they beat on the top line but one of the smallest beats in two years. stuart: they're down 20%. migrants are helping cleanup
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efforts in florida at hurricane. i wonder what hispanics think about that? i will ask the mayor of miami, he is on the show later on. the white house looking to fend off republican led investigations into hunter biden. they hired an army of staffers to help defend the administration. tell you about that. american embassy are warning americans in ukraine to shelter in place as multiple explosions are in ukraine. trey yingst with with the late developments. we'll be right back. ♪
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just look around... this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it. and now a lot more people can. so let's go. the digital age is waiting.
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monday morning. i should tell you nasdaq is on track for a new 022 low. down it goes. russian troops carry out a new wave of strikes across ukraine. rockets hit kyiv for the first time since june. trey yingst is in kharkiv. what is the latest from there? reporter: stuart, good morning. russia launched a massive attack on ukraine, firing more than 80 missiles into the country. ukrainian president volodymyr zelenskyy says the i iranian drones were used in the assault fired from belarus. explosions rocking the capital of kyiv, killing at least five people, in other areas five others were killed. you see the aftermath of one of those strikes, pure deinstructs in the central part of the city. it is the worst air attack on the capital since the war began. american embassy sent out an email to americans still in ukraine urging them to stay in
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place. they are saying impossible to leave the crimes of the kyiv regime under answer putin said. he framed the crimea bridge explosion as ukrainian terror attack. three missiles slammed into the power grid outside of the city. we spoke to the mayor in the metro system where people are sheltering. take a listen. >> translator: russian rockets hit all of ukraine including our city of harkiv hit the infrastructure. their aim to not let people live normally to destroy the infrastructure. reporter: the city of harkiv is in a blackout. some buildings have general generators running but people are staying underground, fearful of more strikes. stuart. stuart: thank you, tray yingst from ukraine. general keith kellogg joins me now. looks like putin is out for revenge, targeting cities across
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ukraine. what should our response be this morning. >> stuart, thank you, i appreciate you having me on. we need to lean on him, need to provide, everyone is saying, that provide weapons they need, zelenskyy and ukraine to take the fight all the way to the russians. what we want to see the end state, not given by president biden, not talked about an end state in ukraine. we want the russian army out of ukraine. that includes crimea as well. zelenskyy said that as well, zelenskyy said in 2014, said the war began in crimea. it will end in crimea. if you look to the southkers son where he is pushing, cut crimea. that is reason they went after the kerch bridge, it supply as land route, rail route into crimea from russia itself. i think we need to keep leaning in. keep putting pressure on putin. is it risky? of course it is.
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i put my hat on four years in the white house. you resolve conflicts forcing the other guy react negatively to you. stuart: that is the objection raised by some conservatives on this program, that you are driving putin into a corner. he will lash out that is dangerous. >> right. stuart: don't provoke him. so don't keep pouring weapons into ukraine to let them push the russians out. i'm not sure i agree with that, frankly. >> well, stuart, the reason i'm saying that, because you want to do, you want an adverse reaction within russia. if the russian army false in ukraine, then putin is a real tenuous situation and position. that is when other people will say, maybe we don't want this guy around. that is what happened actually when the russians, then the soviets left afghanistan. that is why gorbachev eventually left among other reasons. you put putin in the position where he lost an army and lost a war. i don't think the russian military, russian hierarchy will
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let minimum stay in power to do that. that is the risk you take. i say granted it is risk but don't see a solution from president biden. he is not talking about a end state. or giving the allies that. this is a way to finally get to an end state. again, i've said it just a minute ago, is it risky? of course it is. but all wars have a little bit after risk to them. stuart: do you think president biden should have used the word armageddon talking about a possible nuclear exchange? >> i think it was terribly reckless. stuff, when you look at the presidents, presidents words matter. he shouldn't spay anything. leave that to his spokesman. leave it to other people to talk about what happens if a nuclear fight goes on. first of all i do not believe it woe be a nuclear armageddon. i may be an outlyer on that. i don't think that everywhere we go to. president shouldn't talk about that. condition the american people what we going forward. what i said a minute ago, stuart, president biden needs to
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come to the american people, this is the end state we need to see in ukraine, tell the allies. you don't jump to "the nuclear option," cross the nuclear threshhold. then he said it at a fund-raiser, which is foolish. stuart: strange at a fund-raiser of all places. general kellogg, thanks for joining us. >> thank you, stuart. stuart: secretary of defense lloyd austin, ordered nine u.s. military bases to be renamed. why? lauren: because they have confederate ties. austin believes they should commemorate the best of america. let's show you the nine posts renamed recall fort benning around gordon in george, lee, a.p. hill, in virginia, fort bragg in north carolina, rucker in alabama, polk in louisiana and hood in texas. two navy ships and more than 1100 items commemorated confederate officers will be renamed at a cost of 62 1/2 million dollars. all this starts september 18th. stuart: i'm absorbing
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$62 million. thank you, lauren. 17 states are planning to send out inflation relief checks. there is concern all this extra cash would ruin the labor market keeping workers on the sidelines. grady trimble will have our report. one economist says the u.s. is at risk of damaging recession. we could have steered clear of it. watch this. >> there is a possibility that the federal reserve makes another mistake and that that bumpy journey actually changes the destination. i fear that we risk a very high probability of a damaging recession that was totally avoidable. stuart: moments from now, stephen moore will break down the likelihood or possibility of even higher inflation. we will be back. ♪.
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we planned well for retirement, but i wish we had more cash. they have no idea they're sitting on a goldmine. well they don't realize that if you have a life insurance policy of $100,000 or more, you can sell all or part of it to coventry for cash. even a term policy. we've got to tell them! hey, guys! you're sitting on a goldmine! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ♪. stuart: on the market right now after one hour's worth of business it is a mixed picture. the dow is up 80, nasdaq is down 50. there you have it. some movers of course, this is time we take care of them, look at them, we've got boeing nicely higher. the story?
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lauren: it's a defense stock and many defense names are up as the war in ukraine escalates but also for the first time in four years a 737 has flown in china. that jet has been grounded since 2019. it flew. stuart: merck, i know they have been the top of all the list too. lauren: look at this, up 4%. so they have a blood pressure drug that succeeded in a late-stage trial. that gave them an upgrade to buy at guggenheim. if you look at boeing and merck together they're contributing 50 positive points to the dow jones industrial average. stuart: nordstrom -- lauren: down. stuart: right before the holidays, department store. lauren: adobe came out with their holiday forecast. we're expected to spend $210 billion online this year. that is the slowest growth in seven years. nordstrom is down. fedex, they're no longer providing a monthly economic update. not sure they were very good at it to begin with but they slashed their update. they don't have good clarity on the the consumer right now or
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businesses. stuart: thanks, lauren. number of people filing for first time unemployment claims came in 219,000 in september. that is up 29,000 from the month before. how about that? grady trimble in chicago. where are all the workers going, grady? reporter: i wish i had the solution and answer to that question, stuart. there are more than 10 million openings, that was the case in august. it appears to be staying around that number each month. the big problem, according to economists, the checks from the government keep coming. starting with the federal stimulus checks. states are getting on board with this plan. by our count, 18 states, including some red states sending out what they call inflation relief checks. checks in the mail in california, those making as much as $250,000 for individuals, up to half a million dollars for families will automatically get between 200 and $1050 depending how many kids they have.
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in new york, those who are eligible can get what they call a one-time payment of $270. but that is in addition to another quote, one-time check sent out earlier this year for property owners. similar situation here in illinois. economists seem to agree the checks are not helping with inflation. jamie peters from marryville university, says new stimulus checks will make people feel good about wealth and money chasing goods. new round of stimulus checks people may be able to avoid returning to works fora few months, reinforce the labor shortage, resulting in continued supply side shortages. bottom line, stu, the checks don't seem to be helping the situation. we should point out the timing at which the checks are arriving right around the midterm elections. you can see why they might be sending them right now. stuart: it is called buying votes i believe with taxpayer money but that is just a
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pejorative view from me. grady you're all right. we'll get the latest read on inflation earlier this week, very important indicator this year. listen to what top economist mohammed el-erian about inflation. roll it. >> we still have and inflation issue. inflation will come down, major. the question does it come down with a slowdown in the economy or a major recession? that is the question that is being debated right now. it is not whether we'll have inflation coming down, we will. but it is cost of that inflation coming down. stuart: stephen moore joins me. all right, stephen, is that what we're going to do? are we going to slow down inflation by going into a major recession. that is what is going to happen, is it? >> stuart, let me start by settling that issue you were just talking about why there are so many workers missing from the labor force. you had a good discussion about that we estimate there would be about three million more
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americans working today if we just got back to the labor force participation rate that we had before the pandemic. and, there is just no question about it, stuart, that it is all of these government payments that are basically enticing people to stay out of the workforce. it is killing the economy. we got to get back to the old-fashioned idea, stuart, yes we'll provide a safety net for people but you got to work to get it. that is really that simple. now where we are on inflation, i agree that, i think it could potentially get worse before it gets better. if you look what has happened in the last month or so, what you're starting to see, very significantly is gas prices are going back up. remember, stuart, we have three months where gas prices were coming down. it felt pretty good. now they're going up again for a lot of reasons, not least of which are the ding bat energy policies that this administration is pursuing, but that is going to drive -- when
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energy prices goes up, everything goes up in price. count me as pessimistic right now. stuart: okay, some democrats say saudi arabia must face consequences after they decided to cut oil production. listen to what senator chris murphy had to say. roll it. >> listen, we sold most sieve amounts of arms to the south did is. we need to rethink those sales -- saudis. we need to reconsider exemption from opec plus cartel from u.s. price fixing liability. i think we need to look at our troop presence in the middle east and saudi arabia. they chose the back up the russians, drive up oil prices which could have the potential to fracture our ukraine coalition and there has to be consequences for that. stuart: stephen, can america realistically threaten the saudis like this? i think we've lost stephen. i think he has disappeared from view and i can't hear him
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either. lauren: i heard the ding as in a disconnect. stuart: on the screen we had energy prices right there. we have gasoline, $3.79? can you put it back up again? $3.79 or higher. oil at 92.96. gasoline, we had it on the screen, $3.79. okay. sorry about that stephen. we'll get back to you later. britain warning residents to prepare for blackouts this winter. hey, ashley what is this all about? reporter: talk about a winter of discontent, the uk's national grid operator warning customers they should brace up to 3-hour power blackouts this winter. oh, boy. the operator says because of russia's invasion of ukraine there are some areas where brits could find their power shut off during peak use. although any blackouts they say would be managed and controlled. how comforting. authorities say the unlikely event that gas supplies do fall
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short because of that, steps are being taken to try to insure the gas supplies from october 31st to march 31st next year are in place. now the uk public is also being asked pitch in by not excessively using heat and limiting power use during peak hours. we'll see how that works out. meantime on the european continent where as much as 70% of european heating comes from, natural gas, electricity, wood has become a sought-of a commodity. prices for wood pellets nearly doubled in france for example. hungary is banning exports of pellets. row romania capping firewood prices for six months. there are reports of panic buying. indeed will be a winter of discontent, stu. stuart: get it, ashley. arizona gubernatorial candidate kate hoffs, give about her relationship with the latino
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community. >> what have you learned specifically learned from the latino community? >> my sister-in-law, she is, latino and her family, love hanging out with them and practicing my espanol. stuart: we'll play the full sound bite later. exactly what she is saying. to teens shot outside the house of congressman gubernatorial candidate lee zeldin while his teen daughters are inside. joe concha is fired up about that and so are the rest of us. we'll be right back. ♪.
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lower. we have red ink for the dow, the s&p and the nasdaq. in fact the nasdaq is down quite strongly, 1.1% lower. the level is 10,500. lots of selling today. now this, the white house spent $265,000, just did this, to hire new staffers who will help fend off potential republican-led probes into hunter biden. come on in joe concha. what is going on here, tell me that. >> wow, i'm shocked, stuart. sarcastic monday by the way. you mean the administration that created the disinformation governance board is now paying people to squash a story that isn't remotely going away? shut the front door, right? we've seen this movie before in october of 2020 when highly-paid activists at facebook and twitter suppressed and censored the hunter biden laptop story when it was first broken by the "new york post" before that election. if and when the gop takes back
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the house, stuart, you bet one of the first orders of business to launch hearings and investigations that will make it uncomfortable for joe biden, hunter biden, james biden and fbi director chris way. why is taxpayer money used to pay people to shape to control these narratives? if they work in the white house communications team i guess, but at last check hunter biden is not an employee of the u.s. government. stuart: do we know which staffers or how many staffers got this, what, 265,000 bucks? >> i think it was broken down over two staffers. one 155,000 and another 110,000, but again, why are we spending our money on that? it is not going to matter anyway again gop house hearings and investigations will ramp up in a big hurry, stuart in a couple months. stuart: okay. two people, shot outside of congressman lee zeldin's home on long island over the weekend. he joined "fox & friends" this morning to react. joe, watch this briefly.
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roll it. >> we get a phone call from our daughter makhaela. we hear our other daughter crying. they're doing homework. all of sudden they hear multiple gunshots. one bullet landed 30 feet where the kids were doing homework. it hits close to home, shows up at our doorstep. when we got back to the house we're going through crime scene tape. we're getting advised where to walk without stepping on blood. stuart: if it can happen on a leafy lane in long island, i think lee zeldin made crime number one issue of new york. what say you? >> i think kathy hochul has made crime number one issue particularly her lack of action. cashless bail laws, violent criminals back on the street over and over again, to commit crimes without any fire of accountability or jail time.
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wasn't too long ago leigh zeldin was attacked on stage and a rally, by a man who tried to stab him in the neck. the news media cover the it for a day. trafalgar group, has the new york gubernatorial race as dead heat. this is overwhelmingly blue state. andrew cuomo won by 60% in the last election this is how bad it has become, like mayors-like de blasio made new york into a hellscape. whether you're new york or democrat, people had enough of crime happening in the neighborhood. no longer in the bad parts of town. only way you change things, changing things at the top, stuart that. >> is extraordinary turn around, isn't it? new york is as blue as it gets, maybe as blue as california. now you have the possibility in a statewide election that a republican could become the governor.
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i think because crime is the major issue. i think the migrants who are arriving in new york, we have a story today, about migrants on staten island going going door-r asking for food and clothing, an emergency in new york city. >> wow. stuart: takes crime and migrants to really turn around the politics of new york state. last word to you? >> 40%, 40-year high inflation, right, stuart? wages are not going up. yeah, people are feeling it at the gas pump. it is a myriad of issues right now but things seem to be, the wind is at lee zeldin's back now put it that way, as far as those issues, democrats having no good answers how to solve them. stuart: wouldn't it be great if a republican could be voted into office on a statewide basis in new york? if it could happen in new york, it could happen in california. who knows these things. joe concha, thanks very much for being here. i will see you real soon. >> all right, stu. stuart: meta, as in meta platforms, says one million
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facebook accounts may have been compromised. robert herb knows about this. coming up in our next hour. flu season starts. normally high rate of infections, is a flu, covid twindemic on the horizon? i will ask dr. marty makary. ♪. you love closing a deal. but hate managing your business from afar. you need to hire.
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don't address insulin resistance. that's why they don't work. now, there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. ♪. stuart: alert the media, the nasdaq just fell to a new two-year low. it is down to 10,526. it is up 126 points this morning. that is better than 1%. all right. new york's flu season off to an early start. sorry, nearly 600 cases reported for the week ending october 1st. that is four times the number of infections in the same period last year. dr. marty makary joins us. doctor, is a flu and covid twindemic on the horizon? >> hard to say. typically we use the southern
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hemisphere as a guide whether or not we hit by the flu. we're expecting a bad flu season at some point in the flu season in the future, given susceptibility to people have to the flu. inclear if it will be this year. what we're seeing flu and covid appears to be earlier in the course of this normal viral season than we typically expect and that is a bit concerning. stuart: very few people seem to be taking the new covid booster, even though there is likely to be more covid cases as the cold weather arrives in fall and winter. is this something to be real concerned about? >> look, this is what happens when you lose public trust. something like 6% of eligible americans have taken the new omicron vaccine even though the white house, cdc, fauci have been pushing it hard now for a month 1/2. it may well be a safe vaccine but the questions are open, why did they cut corners at the fda during the authorization? that was very apparent that they
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cut corners. when is the best time to take it if you need it? maybe omicron will have its surge later on, you may get that blanket of protection for three months at its highest level. stuart: this is purely anecdotal but a lot of people seems to me have come down with serious colds or flu or some kind of illness. it is more severe than it was two years ago before the pandemic. have you noticed this? is this talked about in the medical profession? if it's accurate, illnesses are getting more severe, why is that? >> well, with flu it's because when people are not exposed to it, so immunity runs low. just like you don't have exposure to certain allergens you can get battlergies later in life. there are 20 common respiratory viruses. people come to me saying i have this virus or that virus, many are similar. what we know from south korea,
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that the flu-like symptoms coming into the hospital are coming in two months earlier than they normally see and that's why people are concerned we might have a bad season this season. stuart: never really gone away, has it, covid, flu, all the rest of it, jabs what not. doctor, always great. thanks for joining us. see you soon. >> thanks, stuart. stuart: covid cases, here is a headline for you, covid cases are back on the rise in china. ashley, does that mean more of those severe lockdowns? reporter: well it's china so you know it, right? the country reported 1878 cases yesterday that is the highest number since august 20th as the week-long national day holiday saw cases flare-up among those returning travelers. shanghai posted 34 new local infections, the most in almost three months, and yes, that has led to some neighborhoods being locked down. 34 cases and some buildings barricaded with green fences. one city with zero infections in
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northern china was placed in lockdown for three days just to prevent those potential cases and travelers going home after the holiday. beijing also by the way on high alert with the communist party congress set to begin next weekend. authorities say anyone traveling to shanghai will need a negative covid result within 24 hours of arriving in the city and get this they will have to take three tests in three days. such is the zero tolerance policy of china which we know does not work. stuart: yes, we do know it doesn't work. boy. ash, back to you later. still ahead on the show today, the nair of miami, francis suarez, "shark tank" star, robert herjavec, charles payne, vivek ramaswamy. new york in a state of shock. gunfire near the home of gubernatorial candidate lee zeldin. migrants on staten island
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bagging for food and clothing. it does not look good for the democrats. that is "my take" next. ♪. i'd like to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty.
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>> i think the fed is out of balance, and i think the fed needs to slow down and say, look, we're going to do 25 basis points, but i don't think they will. >> i would describe the fed as a petulant 2-year-old that's not going to stop until they break something. >> three-quarters of the voters believe that violent crime is a very important issue when iting comes to the midterm elections. and what's happening with crime is impacting even those beyond the cities. >> we should be providing them the full firepower they need to impose real costs on putin. and if we to that, it's the only possibility of convincing him to withdraw. europeans should have done more, the united states should have done more. >> the consequences could be grave and delaware sating for the world if putin decides to use his nukes, and he's threatened to use them. ♪
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