>> a lot of sprite people in

their 80s, not president biden won't be one of them. is rapid decline will continue to be an issue. voters are not better off than they were, crime in your neighborhood is worse, what else would cause you to vote for the people in office? >> locally, doing well, that will translate to the pivot, that is what markets are hanging onto and i thought today's number was strong, new surprise number was strong, the market did not collapse, that is a good positive sign. for those looking to reenter the market or enter the market is reassuring. >> >> that the way you need it ♪ anyway you want it ♪ anyway you want it ♪ anyway you want it. your member that?

11:00 eastern, wednesday, october 12th. we had hot inflation report first thing this morning, the market seems to be ignoring it, the dow is up 120, nasdaq down 13 points, they have been clobbered recently. alphabet and apple up about amazon, microsoft and meta down. the 10 year treasury yield is a problem for big tech going up, down a fraction now but earlier 395, 396 close to 4%. the subject of cognitive ability is back, difficult subject that has to be addressed. democrat john federman is running for the senate, had a stroke earlier this year which he described as a near-death experience. as he campaigns he has trouble with words, can't always follow

a conversation. and msnbc reporter interviewed federman this week. >> we had a monitor set up to read my questions, still has lingering auditory processing issues and some problems, challenges with speech in small talk prior to the interview before the closed captioning was up and running it seemed he had a hard time understanding our conversation. stuart: federman has agreed to only one debate and that will take place when mail in ballots have been received and he has demanded questions be written during the debate so he has time to process. doctor oz - dr. oz is crying foul. who decides if he is fit to serve? voters doing the same is true of president biden.

his cognitive ability has been questioned, he turned 80 next month and his handlers going to great lengths to avoid difficult media coverage. biden is not on the ballot this november but cognitive ability will play a role in the future of his presidency unlikely in the pennsylvania senate race too. third hour of varney starts right now. martha mccallum joins us now. this is a difficult subject are federman and president biden up to the job? >> the question is raised and handled effectively in the interview and i give her a lot of credit because she laid out, when we spoke before the interview before we turned on the readout on his computer he had a harder time communicating.

she's transparently reporting as any reporter should do, that before we turn on the device for him he had a hard time responding to questions. this is the kind of information voters need and as john federman has said they can decide for themselves clearly cognitive ability is important, what is going to happen if he goes to the senate? will he understand everything being said and be able to communicate his own thoughts about what is being said? it would be better if he had released the report from his doctors about where he stands in this process, no one is unsympathetic to what he has gone through but can you do the job? with regard to biden i agree with what jason chaffetz said, ages a number but ability is different, some can be in their 90s my work with world war ii veterans, some are 100, incredibly sharp and many i

would vote for for any public office but the problem is when you have difficulty like we have seen with president biden and if the former president runs he will make a huge issue of this, put together a montage of biden gaffes they played in nevada at the rally so it is on the table. i give federman credit talking more openly about what he can or can't do, we will see if it works. stuart: it is an issue. a new analysis shows democrats are focusing their ads on abortion and republicans focusing their ads on crime. in your opinion what really is the number one issue? >> it says a lot democrats are leaning on that issue. something voters found out, between pat ryan and marla nardi, the emotions are high off of the dobbs decision in the supreme court, as a result

you can see the race go to the candidate who put his focus on losing abortion rights in new york and he won that race, they are running against two people because of redistricting. i wonder if things have cooled a bit, and many people's rights have not changed at all, new york or illinois or california or many states across the country and people have an opportunity, like kansas, to vote and people in kansas voted and kept the abortion law, and whether it works or not the issue feels further away than it did in august. stuart: 8% inabortion, it over everything. >> those are things people tend to lean on and that is where the gop put their focus. stuart: the name of the show is

the story. it appears at 3 p.m. at 3:00 pm eastern on fox news. martha anchors it and we will watch. see you later. back to the markets, can't escape the markets these days, the markets go south a lot but right now the dow is up 150 and the nasdaq down 5 points. mark tepper is back with us. would you dare predict where the bottom of this market is? >> absolutely not. sound like the game. blue what are you and that line of business? >> it doesn't make sense to try to catch a falling knife, sometimes you get cut. stuart: the knife is still falling. >> if i look at the data in combination with how hawkish the fed has been let me give you a piece of data, trucking jobs saw the biggest monthly

fall off since 2009. stuart: trucking jobs? i thought there was a shortage? lauren: they are not stuck to move? >> consumer demand is falling. that gives us a read what is happening to the consumer. we are in a recession and we are going to suffer. stuart: here's another one for you. amazon's prime day sale yesterday drew 70% fewer twitter mentions, is that important? >> everyone who tries to manage money, on the market, and edge on competition, once data is available everyone has access to it. this is one piece of data to

glean insight to consumer preferences, this shows consumers are losing excitement, less consumer enthusiasm and the sales data amazon has provided so far has shown they've seen not a single increase in sales over any random data so prime day is not working at all for the one right now. that is not a good read into the consumer. stuart: producer price index over 8% inflation the past 12 months, i call that negative but the market is up. >> i don't know what the market to do. the market thinks the fed is bluffing. i'm hearing the market loud and clear. the fed is going to continue hiking. they will not take their foot off the break, there will not be a pivot next year. stuart: that is a big statement, no pivot next year?

lauren: all these hikes will affect things all of the sudden? we haven't seen it yet? >> a growing number of people feel there is another hike at the next meeting whether it is 50, or 75 basis points at a pause which is being thought of as potentially a pivot changing course a little bit and cutting that. it is highly unlikely the fed cuts next year and we have ? a quick example from a client. a client i on boarded yesterday, 50% in stocks and cash and how to invest that cash. treasuries, 6-month or when you're 2 years and we will put the money to work. stuart: that is what you are doing. stay there. you have some movers and starting with boeing. lauren: worst performing dow

stock, the latest version of the defense bill does not contain an amendment to extend a deadline for boeing for the latest version for the 737 but then a wheel fell off one of its cargo planes, everything is okay, that is a bad one, a wheel coming off of one of your planes. stuart: tell me about pepsico. lauren: higher pricing boost 9%, they upped their numbers for the year. less frito-lay snacks and it is up because they were able to beat expectation. stuart: you know how i love cruise lines and tell me what is going on with norwegian, 6%. lauren: ubs says we are seeing an improvement in bookings and i thought prices word dirt cheap to go on a cruise, they say prices are going up and in some cases higher than they were before the pandemic. stuart: thanks.

now this. a star wars action figure will sell for at least $50,000 at auction, similar one sold for 6 figures, we will tell you what makes them so rare and that is why they are valuable, dramatic video shows a high-speed chase ends at a crash near the southern border, troopers say the driver was muddling migrants and getting paid thousands for each of them. the border report coming up. view host anna navarro says vice president harris is not getting enough support from her own party. >> he is a brilliant woman who has broken glass ceilings and has great achievements. the white house needs to have her back. democrats need to have her back. stuart: lara trump will have something to say about that next. ♪

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stuart: meta-platforms in vail their virtual-reality headset. is this for office workers? ashley: it is. mark zuckerberg says the vr headset is the next step toward his vision of the future of work. employees will travel seamlessly from their own digital workspaces to virtual offices when they can do whatever brainstorm created with their colleagues as they do in the real world. meta says the new headsets are capable of blending the real physical world with virtual-reality spaces, with full-color mixed realities so

users can see the outside world with digital experiences at meta announcing partnership with microsoft, offering apps, with the microsoft teams. the headset is an important part shipping october, how much does it cost? $1500 to take a break from the real world. stuart: not quite for the mass-market. what do you think of a meta-verse? >> he has gone all in 100% on the meta-verse so much that facebook changed their name to meta. i've never seen the movie ready player one. if you want to understand the meta-verse you have to watch that movie. this is not for me. i enjoy sitting next to you right now. i've been meeting more clients face-to-face. it feels good. if you are trying to court a prospect of client and court them into becoming a client

there is something to be said about shaking their hands, something to be said about that and it seems what zuckerberg is doing is allowing people to have their cake and eat it too, a hybrid between working from home and seeing people face-to-face. stuart: many many critics, this is down to 127. show me intel. they are planning to cut thousands of jobs this fall, could be up to 20% because pc sales are slowing down, stock is at 25 a share. big picture in the markets this morning, some green, thousand 170, nasdaq up 19, small game for the s&p but the view cohost anna navarro doesn't like republicans criticizing vice president harris, role tape. >> republicans are laser focused on building the narrative that kamala harris is a bumbling idiot, she's not.

she is a brilliant woman who has broken glass ceilings and great appearance. the white house needs to have her back, democrats need to have her back. stuart: lara trump is with us. do you think the republicans criticism of harris is unfair? >> not like we need to portray her, she does it all on her own, sit back and let her go, nothing unfair about criticizing kamala harris, no one is tuning into the view to get smarter. most people tune in to see what outrageous and idiotic things will come out of their mouth this. this is no different, i would have loved to see the first female vice president succeed and i know gender is a tough word for democrats but make women proud across america. instead it is the opposite. her first job as vice

president, border czar, i don't know how more you can fail at that task than having historic high of illegal immigrants, she hasn't bothered but one time to make it down there. we see her on the world stage embarrassment after embarrassment, the word salad, we all know the truth, not as though anyone has to try to make kamala harris look a certain way, she does it on her own, she dropped out when she ran for president before her home state of california even voted she was that unpopular. stuart: please don't hold back. president biden was asked about potential criminal charges against his son hunter. >> president biden: this is a kid, not a kid, he is a grown man, he got hooked on, like many families that happen, hooked on drugs, he has

overcome that, established a new life, i am confident he is what he says and does are consistent with what happens and i am proud of him. stuart: will be get to the truth? >> i hope so. hunter biden is a troubled individual. we see that, and no one is holding against him he had a drug problem, the issue is, he made some foreign business deals and the entire biden family profited off of those and it was based on president biden's, as vice president of the united states. is national security at risk, talking about china, russia, ukraine and for the good of the

country and future of america we need to know we have a president who is not compromised. he's going to get slapped on the wrist with tax charges, but truly we should get to the bottom of this. stuart: things may change if americans - if republicans win back the house in november. london's transportation agency for their new woke guidelines. i used to work there, was a bus conductor in london many years ago. what are the new rules? ashley: be glad -- these new guidelines tell employees not to use words like accident. they say use the word collation. the words bicycles or bikes no good, should be replaced with a more inclusive word, cycles. are you going to upset a tandem

bicycle? the new guide from transport for london, can't think why, set up a firestorm of criticism of woke culture running rampant in england. it deals with morse saying employees should avoid referring to conflict by name if possible. use late 1940s instead of post-world war ii. niall gardner, friend of the show, director of the heritage foundation is blaming america saying wokesm is an expert to britain and sad to see british institutions caving in to the far left marxist dogma. stuart: what is wrong with bikes? what is wrong with bikes? ashley: i have no idea. stuart: it is inextricable. it is ridiculous, got to move on. thank you. gig workers, uber, lift drivers could soon be reclassified as

full-time employees, the president's plan would give them more benefits and able to join a union. guess who will be stuck paying for it? you the consumer. four buses full of migrants arrived in new york city, the mayor says they will be sent to every neighborhood. these migrants are all coming from texas. my question, is governor abbott sticking it to new york? i will ask a texas guy, will cane, next. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting?

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stuart: we are two hours into the trading session, some green for the dow up 140, nasdaq up 14, s&p up 8 despite what i think is a hot inflation report this morning. show me gig workers stocks like uber, lift, door dash, the president wants to classify them into full-time employees. i don't think that is good for consumers. susan: not affairs lack of drivers and prices surge, this is estimated to drive up prices by 20 to 120%. looking at a few studies and

surveys only 9% say they have done any gig work in the past 12 months, according to a pew study in the majority of those see themselves as independent contractors and most of the customers who use the services like uber and lift, majority of gig workers supplement their incomes. only 1/3 of them say this is their main source of income and more than half of gig workers say they do it because they like the flex ability to work and earn when they want and have time. they say this is why the new proposal to reclassified drivers as employees, the benefits is a mistake. we have a survey after survey here, it says state after state many drivers say they choose this work because the independence flex ability it survives, federal policymakers should listen and as for the uber statement it is crucial

the biden administration continues to hear the 50 million people with learning opportunity, and as for the stock reaction, lift after hitting a record low getting upgrade, the labor department will consider debates that decide whether you take it from california or the eu 85 initiative was voted down. stuart: i think it is a terrible move, squashing innovation, innovative industry squashed, the union -- strict environmental rules forcing us companies to look abroad, piedmont lithium choosing to fight those rules and mine in north carolina. that's where connell mcshane is. what is this company up against? >> a lot of local opposition, like going green has a dirty side when you talk to people in north carolina. this land they have all these

rocks filled with lithium which is in high demand because it uses electric car batteries but talk to local residents, they are not so big on having a company come in and build a lithium mine in their backyard, concerned about the impact that might have. >> it is not worth destroying this entire area forever. the more we educate people about the nightmare of the environment the more they turn against it. >> those are not encouraging comments if you're piedmont lithium, the company planning to build these mines, it claims it has new technology that will make its operation clean and safe and when we have a sitdown with ceo keith phillips, he is very bullish on lithium demand and confident the mining

operation will get approved about he said something else, he acknowledged these things take time. sometimes a lot of time. >> it takes 8, 10, 20 years, we are now at a point, the first time ever the entire mining industry is focused on identifying sources of lithium and material so takes a lot of time for that to come through. 20 years is not atypical. we are in a bull market for lithium. >> piedmont would settle for 10 years having started in 2016 and planning to be operational producing lithium by 2026. the big picture, the plan in california where they want all cars to be electric, 0 emission by 2035, he doesn't think that is possible because of what we are talking about, how long this case, there's plenty of demand but doesn't think they can get enough lithium in that

time to make those batteries. >> thank you very much. mark tepper is with me. watching connell's report it occurs to me you can't open a mine in america these days. >> we are handcuffed in america. it is okay to source it from anywhere else but we can't produce anything here and it is kind of weird that going green has an environmental cost associated with it. isn't that ironic? people need to make up their mind, do you want to go full ev or are you okay with fossil fuels? you need to make a decision and the decision should be a hybrid approach, that the free markets decide. stuart: and get on with it. new zealand could slap attacks on cow burps, the proposed rule aims at cutting down methane emissions from farm animals because it is a greenhouse gas much worse for global warming

than carbon dioxide. new zealand has been looking for ways to cut back on methane for years and even considered putting bird catching masks on cows. i am affected by this because our family has organic dairy farm. >> i like to eat steak. we have issues here. stuart: let's move on. there is one emoji that jen z you folks say is only used by old people, they call it passive-aggressive and confrontational. we will tell you which one to steer clear of if that is what you want to do. migrant smuggling out-of-control on the border. rick jenkins has the border report next.

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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: to the border. another smuggling attempt is

ended up in another violent crash. the driver of the vehicle the crash says he was paid to smuggle migrants, how much was he paid? >> reporter: he is being paid a lot of money, $3000 a head, look at this high-speed chase, here in eagle pass area. a man from indiana paid $3000 per migrant to drive them to san antonio. they crashed into a crash, 3 migrants were rescued, one with a severe head injury, no one died. officials are seeing 2 to 3 of these incidents every single day. meanwhile not are being , you've got these large groups coming, take a look at this footage we shot where i'm standing an hour ago. it was three total groups since the sun has come up. you see them, 100-160, coming from venezuela, colombia, cuba,

nicaragua but since i have been here since october 1st we had people from syria, yemen and iran. the local democrat state representative eddie morale us is running for reelection and he acknowledges this crisis is out of control and wants the biden administration to do more. take a listen. >> the white house could do more in terms of planning. we cannot incentivize these individuals migrants that are coming through our rivers and exposing border patrol, troopers and national guard. >> the 12 days i've been here 15,000 migrants in this sector up 66 from this time last year, lastly to give some insight this is a id card we picked up on the ground, a woman from cuba who has temporary residency protection in the

republic of chile but she discarded on the ground because border patrol officials, she had protection another country, could possibly be sent back but doesn't want that, she wants to stay here and that is why they are coming in that is drawing them here in unprecedented numbers. stuart: that is the border report. an average of 6 buses arrive in new york city each day loaded with migrants. mayor adams estimates 17,000 arrived since april and he is saying all boroughs need to help in the crisis. >> staten island and other communities, everyone is going to see asylum-seekers, all the calls i'm getting from elected officials, all the calls i'm hearing from people saying please not here, that can't happen. this is a citywide crisis and all of us are going to be impacted. you can't have it both ways. either we are in this together

or we are not. of the one we have a texas guy named will cane who joins us now. are the people of texas enjoying this? are they happy to see governor abbott sticking it to new york? >> you see the smile on my face. mayor adams is laying out the rhetoric perfectly. we are in this together or we are not. all of this, we can admit it is a political stunt from governor abbott governor desantis of florida. all this is designed to highlight the issue being experienced in expert initial numbers by fellow american states on the southern border. whatever new york city is dealing with or expired them to declare state of emergency is being dealt with in increased numbers hourly, daily, on the hour every day and that is something we should all be in this together, solve at a federal level is deemed by the constitution a national problem of illegal immigration.

stuart: can you explain why in the president will interview last night jake tapper on cnn did not ask a single question about the border? never mentioned? how come? >> if you think about the way this issue has been handled by the biden administration and gains coverage outside the fox news channel, fox business umbrella it has been ignored but for one instance and that was the, quote, strap me as described by president biden or whipping of haitian migrants by border patrol officers because for one moment it became something they are comfortable and familiar discussing and that is systemic racism. because the images somehow are reminiscent of the images of plantation life, horrific plantation life some 150 years ago. inspired them to talk about the southern border and this is where we need to say breaking

news, reporting on heritage freedom of information request act showing alejandra mayorkas new the story was false two hours ahead of time, told by his own administration before going to the podium and d feigning, that the legal firm i'm using specifically, defaming border patrol officers as whipping haitian migrants, not only is it the only time they care to talk about it, not last night, not jake tapper, not president biden, it was an outright lie, defamation of those who were trying to enforce our laws on the southern border. stuart: outrageous, thanks for being with us today, see you again soon. back of a market. look at all 30 dow stocks, most of them, 24 of them, 25 in the plus column, the dow is up half a percentage point. first edition iphone sealed in

its original packaging is about to hit the auction block. it cost $500 back then in 2007. we will tell you how much it could go for today. hints. a lot more. ♪ ♪

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stuart: a new poll reveals millennials think the thumbs up emoji is for old people into comes off as a lazy way to say thank you and considered passive aggressive. others making the old people list are the crying laughing face and red hard. i use the thumbs up all the time. >> i know hold down the other person's text and thumbs up it that way so i don't send it any more. did you know you could do that? just told it down and do a thumbs up or thumbs down, really easy. for as lazy folks. stuart: and passive-aggressive old people like me. let's bring in mark montero who

has iconic pop-culture items on his auction block. i want to start with the 2,007 factory sealed iphone, $500 in 2,007. how much will go for now? >> we think it will exceed $35,000. it is in mint condition, factory sealed, 15 years old. if you remember this is the one that steve jobs held up at his math world presentation. these images of him holding the phone is iconic. we are seeing a trend in collectibles where collectors are migrating to pop-culture items that are both important and ubiquitous in our culture. this is one of them. we are expecting a lot of action. stuart: $35,000. i have some more for you.

1978 star wars luke skywalker action figure. how much? >> this was released 1978 for $1.87. we are expecting $50,000 for this piece. what makes this one special is a special lightsaber that kenner discontinued early on. this is one of the few that was preserved. we set a record in the last auction with one selling for $100,000. this one is a little bit lower. we expect $50,000 plus. stuart: the 1987 g.i. joe playset. how much? >> this is getting a lot of early action. we expect it to exceed $25,000. it is now 35 years old, this is huge. four feet tall, three feet

wide, very few left and in factory sealed condition. this is the centerpiece of somebody's display. stuart: 1982 he man action figure. >> we expect he man to go to $20,000, the original release in great condition, pristine clear bubble, presents beautifully. of the one i want to get to this. friday the 13th dhs, has to be in the original sealed container. what is it? friday the 13th vhs. >> we expect $15,000 on this one. of vhs tape factory sealed, very early release, retail up to $80 so almost all of them were opened, very few saved. this is one of them. the horror genre is very

collectible, we expect it to get up to $15,000. stuart: it is an online auction? >> it is an online auction. it ends sunday at 5:00 pm eastern. stuart: does anybody play with the action figures or play the videotapes? or do they just want to own it? >> we have investors, we have collectors, collectors display these, they look great. this is great at a company called beckett which is synonymous for sports cards, they are now in vhs space and excited to see what happens next. stuart: thank you very much for coming to us. who would have thought of vhs tape would be worth a dime? see you again soon. check those markets, we still have some green for the dow at least, up one hundred 50.

it is 11:55, time for the wednesday trivia question and is it a good one? what is the best-selling nonreligious book of all time? harry potter and the sorcerer's stone? the catcher in the rye? the da vinci code? or the hobbit? the answer after this?

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and submit the application. that easy. getrefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefunds.com powered by innovation refunds. stuart: a very good question. what is the best nonreligious books, best-selling nonreligious book?

there is on your screen the possibilities. you first. >> i will go with the hobbit. stuart: ashley? ashley: i will go with harry potter. stuart: i will go with the hobbit as well. that is right. >> victory dance. stuart: i read that 50 years ago in college. >> a must read for high school students. stuart: 140 million copies of the hobbit have been sold. got to move to a programming note, don't forget to submit your questions for our upcoming special varney and you. in front of a live audience, varney and you, fox.com, next monday. you can set your dvr to see it later. it is yours. neil: yo