acquire the social media company by next quarter. no word on the price tag and george former said that'll be kept private and he did not answer my question on that . liz, your thoughts? >> look, i think we need more social media platforms that are open platforms whether it's twitter with elon musk or this one with parlor becoming better funded to compete with technology, which is very expensive. i welcome that 1,000%. maria: totally agree with you, nancy. >> we've identified trends today, maria. phil night sponsoring a republican candidate in oregon and this news with ye and unlikely speaker and champion for free speech in elon musk and this is indicative of the country's move. move. maria: liz, nancy, great to be with you ladies. here's stu with fox business

news. stu: good morning these days investors have to watch out for whiplash and might have a case of that today. big loss friday. pretty solid gain in morning and dow up about 350 and that's a good gain, s&p 50 and nasdaq 200 points but the nasdaq is down 35% year to date. that's a sell off. interest rates keeping to steady up trend and 10 year getting closer and not this morning and coming down a bit on that yield. 392. but the two year, that is getting closer to the 4.5% level, 441 right now. here's your energy price inflation. gas prices averaging 388 unchanged and california just above the $6 level, $6.50. here's the news for truckers and farmers, diesel keeps on climbing. $5.28 and up 28-cents in a week. politics and money, three names for you making news.

elon musk says the hell with it and he'll keep funding star link service for ukraine. mark zuckerberg getting a lot of negative publicity. "the wall street journal" says his meta verse is falling short. ye as in kanye west plans to acquire parler, the conservative social media platform. voters asked what message they want to send to the government. lend me a hand or leave me alone. the majority said lend me a hand. there's a lot going on and@11:00 hour, we'll have a live studio audience and you'll see it and be apart of it. monday, october 17th, 2022. "varney & co." is about to begin. ♪ par hrer stu: lauren said she

likes this song but doesn't know what it is. hello black. who is that? lauren: they take too long to put it on the side of the screen. stu: help me out, producers. put the name on the side of the screen. rather grim day in new york, pretty gray. two hours away from varney and me town hall. right now to get us started, the markets. futures pushing higher after a wild week. big names like netflix and tesla report their earnings later on this week. jason katz with us this monday morning. what is the signal that you're looking for that shows us we've hit some kind of market bottom? >> i think there's two catalysts, stu, number one we need the midterm elections to come and go. at a minimum, the markets want to see divided government in terms of the republicans taking the house. now, if the republicans sweep, the focus will shift the policies that really could fight inflation.

less hon reigns leadings regulatory environment and independence and et cetera. then forget about the business pivoting or pausing. at the first hint of that, markets could bounce pretty significantly. stu: lot of economists are quoted saying, yeah, there's a recession coming. do you see the recession that's coming to be deep or short and sharp or see it as shallow and long? >> i'd equate it to the latter, it's sort of like an olympic sized pool. they're swimming in 2 meters of water but it's a 50-meter pool. we've gone from denial to cassioppi accept tense and the market know what is it knows and knows inflation will remain higher for longer and knows the fed is not coming up for air till it gets to 4.5, 4.75 feds

fund rate and the fed's goal is to cure the disease but the market's fear is it's going to kill the patient in the process. that's why we've been down 16 out of the last 20 days up until that reversal on thursday. to answer your question, a soft landing is off the table, but a long but shallow recession in our view is the greatest likelihood. stu: is this, today, is this just a bear market bounce? >> i don't necessarily think so. i think it was pretty telling that in the face of two really strong inflation ppi, cpi that the markets buck the trend. going back to my original point, the markets know what the markets know. i'm counseling investors if you have fortitude a time frame and fortunate to have cash, may feel like putting your money in the woodchipper but the success of slowly legging in here is not measured tomorrow, next week or next month but the next few years because i do think now's

the time you can slowly wade into the waters here. stu: we hear you jason katz. thank you for joining us on a monday morning. president biden faced questions about the economy this weekend. lauren, what did the president have to say? lauren: he was specifically about the strength of the u.s. dollar at that baskin robins in oregon. >> i'm not concerned about the strength of the dollar. i'm concerned about the rest of the world. our economy is strong as hell. inflation is worldwide, worse off everywhere else than it is in the united states so the problem is the lack of economic growth and sound policy in other countries, not so much ours. lauren: nothing on policies here and that's stoke inflation and fuels the dollar's rise and when

he took office, inflation was 1.4%. you know where it stands now. but ice cream makes everybody feels better. stu: a lot of people criticized him for eating ice cream and talk about the recession. lauren: it was a bit awkward in the beginning and maybe moved his cone away from the face. it is nitpicking. stu: too often we want to find ways to go at him. lauren: what do you think about what he said? stu: that's a different story entirely. he's got it wrong as usual. lauren: how much was that ice cream. i'd love to know. stu: how many people would vote for president biden if the elections were held today? lauren: 33%. that's it, would reelect him with just 21% saying definitely. that's not a ringing endorsement. 54% would vote for somebody else and includes independents hoping for a better candidate and pulled this new york times article. the headline: republicans gain edge as voters worry about economy. independents, especially women, are swinging to the gop despite

democrats focus on abortion. stu: that's in the new york times. lauren: headline. stu: just out today. lauren: 7:44 a.m.. stu: 54% believe america is moving away from capitalism and towards socialism. a 52% would ask the government to lend them a hand rather than get away from me. matt, if a majority of voters oppose socialism, and i believe they do, why are more people asking the government for a handout? >> this very poll, stuart, says 60% of respondents say they don't want to turn away from capitalism and embrace socialism, but they know these biden policies are hurting them so when they say give me a hand, i might have said yes to that because i want the government to green light the foo fossil fuel projects and stop overregulating the economy and what joe biden fails to say between mouthfuls of ice cream is that america is the leading economy so when we have bad policies, it does have

a global impact and he needs to own that. one thing alaska the poll, the new york sometimes came out with a poll that shows republicans with a four point lead in the generic ballot and this fox poll shows republicans down three points. sometimes different polls oversample, it's hard to control it. i would say of the last six polls, republicans have a big lead in the generic ballot, and i think that's more indicative of where the electorate is. stu: just want to give you an idea of how inflation hits people and they react to it. in a supermarket over the weekend, i'm checking out, a lady next to me picks up a loaf of bread, looks at price, chucks it down and says i'm not paying $8 for a loaf of bread. wasn't talking to me. was just reacting to inpolice i. i think the democrats have underestimated what it means to have your wages chipped away by inflation. >> yeah, the hard part for democrats is they're usually the compassionate party. the republicans are the facts and the numbers party.

when it comes to people hurting in the economy, this is easy for the democrats to put their arm around the voter and saying, look, we understand how much you're hurting. we're going to have government programs to help you. i don't really hear that from joe biden and the democrats. they've already failed the test on do they care about average people and their fuel prices and food prices. those people, if they're democrat, they're going to come out in lower numbers. if they're republicans or independents, they're voting republican, which is why there's no way to get around the fact there'll be a big red wave. stu: confident of sweep, house and senate three weeks from now? >> i'm a partisan so people can say that sentimentality, but it's not. the last seven polls around the country from different polling companies, there's only one poll that shows the democrat advantage and all the others show a growing republican advantage in the jessica mitchell nicker and look at all the -- generic and the key races and they're improving by a quarter of a percent, half a

percent each week knowing that the pollsters have gotten them all wrong and six points skewed to the democrats in the state-wide senate races and the polls aren't even capturing how strong the rope advantage is so i feel very bullish about everything. stu: okay, we'll take that match on a monday morning. thanks for joining us, matt. >> you got it, stuart. stu: check futures, 20 minutes to opening bell and dow down about 370, solid gain for nasdaq, better than 2% gain. coming up, have you seen this, teens across britain are dumping milk on supermarket floors. it's to protest the destructive dairy industry. my son is a dairy farmer. and senator bernie sanders sees an opening for democrats to court trump voters. >> i think what we need is a democratic party that has the guts to stand up to them and i think if we do that, some of those people, i'm not saying

all, will say you know what, i'm going to say i'm with the democratic party. stu: in a moment, we'll talk with texas congressman dan crenshaw and he'll have something to say about aging socialists like bernie sanders. ♪

♪ stu: we like to see your

pictures from all over the country and you like the music we play, follow us on spotify, search "varney & co." or scan the qr code on your screen right there. the dow is going to be up 400 points, get it right, stu, 404, up about 230 on the nasdaq. administration is facing questions on when the so called inflation reduction act will begin to lower prices. what are they saying now? lauren: the same thing as bind's economic adviser was asked how does this $700+ billion inflation reduction act reduce inflation? here's her answer. >> i'm just curious and a lot of americans are curious when the so-called inflation reduction act will start to bring down inflation. >> the many parts of the bill will start to take effect next year. for example, there's tax credits for energy to help people

weatherize their homes and also bring down other forms of energy costs so we are focused on helping to make that transition to clean energy in a way that brings down energy costs for families. families. lauren: well, the sting of inflation is now and 7 in 10 of us cut back on necessities but go ahead. weatherize your home for relief that might come next year. stu: next year, that's a long way. lauren: asking that question, that was cnn. stu: hold on tight, thanks, lauren. three weeks to the midterms. senator bernie sanders telling democrats they have to try and remember working class americans. >> look, i think there are some extreme right wing voters and i don't think we should forget them but i also think there's millions of people in the country, working class people who look at washington and they say, you know what, i'm falling

further and further behind. who is listening to me? i think what we need is a democrat party that -l can do that. some of those people, not all, are saying i'm going to stay with the democratic party. stu: republican dan crenshaw with us right now. didn't he just put out a new campaign to be a new generation in politics looking to aim at the 82-year-old socialist, bernie sanders? >> no, but rather well and in south texas, it's turning red and working class americans and they want security and process prosperity and they're flowing across the counties and democrats just can't seem to understand so their main philosophy is we're going to buy your vote. what do you need? we'll get it for you. somebody else has victimized

them and that's what democrats say. they'll pay off your student loans, they'll give you free money and free checks and they've doubled food stamps as contenders as well and prices are through the roof. they want to pay you off. they think that's taking care of you. but that's not the american way. the american way is the government is there to create a structure in which you can thrive and live free. it really is that simple and people are realizing that's what republicans stand for. if you want to reduce inflation, hit the supply side of things and make it easier to build things and don't make it harder flooding the market with more and more money. that itself is inflationary and they're out of touch and don't understand economics and what the american spirit is and that's we want to be free to work hard and prosper for ourselves and our families. stu: congressman, we've got new fox polls, 89% of voters view inflation as number one issue this election cycle. if the gop takes congress back,

this november, three weeks away, how are you going to get this inflation problem under control? we heard from the administration official saying you've got to wait till next year when the energy credits will kick in. what are you going to do if you run congress after november? >> well, first of all, weatherizing tax credits are not going to kick in really late and they having in to do with inflation and you want new windows and get a tax credit for it. that has nothing to do with what kind of gas prices you're paying at the pump or how much chicken and bread costs at the grocery store. these people are completely out of touch. this is a supply side problem and caused by bad policy in the first place and caused by lockdowns and caused when pete buttigieg wasn't dealing with the bottlenecks at the port and dealing with paternity leave and look at skills-based training and improve apprenticeships and instead of encouraging the useless degrees and democrats are just paying them off with

taxpayer money and there are things we can do. it's going to take time and starts with good policy and we need to help our energy sector so they're drilling more and producing more and help our supply chains and help our ports as well, and we need to make sure americans have the skills they need that the labor market wants. stu: the new york ti times is looking for the republican party to sweep in november. do you agree with that? are you going to win? >> i think we'll definitely win the house and i'm optimistic about the senate as well. look, we're going to show the american people what we stand for. we're going to hold this administration accountable and especially in places, especially in issues like the border and energy sector and it'll be the key driver especially in texas where people are upset about. stu: i think investors would like a gop sweep. see what happens. congressman crenshaw. thank you, see you again soon. how about this, barack obama offering his advice to the party during the midterms.

lauren: he said stop focusing on donald trump. >> we spend enormous ams of time and energy and resources pointing out the latest crazy thing he said or, you know, how rude or mean some of these republican candidates behaved. that's probably not something that in the minds of most voters overrides their basic interest. cannot pay the rent, what are gas prices, how am i dealing with child care? lauren: there you go, another high profile, maybe the highest profile democrat warning the party inflation is the key issue and it might be the motivating issue so president -- former president obama will hit three swing states in the coming days and stump for vulnerable democrats in georgia, wisconsin, and michigan. stu: your fix for inflation, cannot wait till next year. where am i going wrong? lauren: 22 days left to announce what it is. stu: lauren, thank you indeed. quick check of futures before we get a break.

we're looking at greed, up 400 on the dow and would cancel out friday's loss and nasdaq up about 227, we'll be back. ♪

stu: futures indicate a nice solid opening bell, up 400 for the dow, 230 for the nasdaq and not bad and that would wipe out friday's losses. keith fitz joining us this morning. same question, always the same: are you buying anything yet and if so, what? >> well, i tell you what, i've been tinkering the entire time particularly on big down days and don't like to chase the up stuff. this weekend looking at netflix, johnson & johnson and tesla. i want to short the former and increase the latter. stu: tesla is down 40% this year, roughly 40%. it seems -- isn't musk sort of distracted by all kinds of other stuff that's going on. >> i would respectfully push back on that . that's the narrative that wall

street wants you to believe and i see a lot of steve jobs and elon musk and they're both changing the field and what they don't like is he plays by his own rules, stuart, and i'm not willing to get off a winning horse. stu: not willing to get off a winning horse. he has a lot more competition these days, doesn't he? >> well, he does, but that too is a point of contention because that's exactly why the company makes sense. they've doubled their job postings since june on the tesla board. i looked just before coming on air. if that's right and he's really hiring, then he's investing through the crisis and already looking beyond that. that is the hallmark of a great leader. stu: i've come across investors getting tired of elon and don't like his antics in public and don't like it. you think in any way that affects the performance of tesla? >> i do, stuart. i've got to admit as much as i like him and think he's

brilliant, i do grow tired of all the nonstop shenanigans and look how jobs handled himself and look how elon is handling himself, i think the two are very similar and much more similar than people care to admit. stu: tesla $210 a share. where is it going? >> i think it's $300. i'm going to redraw my time line a little bit. i'm going to split from dan ives who he and i agreed a couple weeks ago and q1 of next year. stu: 300 in the first quarter of 2023. >> he's nodding his own video tape. we'll see. only time will tell. back to you later. see you, keith. ten seconds to go before we opening this market on a monday morning. we're coming off a big selloff and the nasdaq is down 35% this calendar year. all right, 9:30. we're off. they started trading. reich from the start, the dow is up.

about 1.5%. that's pretty solid i have to say. 28 of the dow 30 are in the green. they're all in the green. every sedge one of the dow 30 are in the green and the dow is up 460 and climbing how about the s&p 500, up two solid and 2.5% for the nasdaq and i'll call that solid and that implies that big tech is doing well. amazon, microsoft, meta, alphabet, and apple on the upside. now, we had major banks reporting before the opening bell this morning. susan's with me, good morn. susan: 5.25% for a traditional lender surging with the income and that's the am the banks make off their loans and kind of make sense in this type of environment and interest rates are zero for over a decade and going up at the fastest pace since the 1980s and still profit dropped better than expected and

no investment bank job cuts that's important and boa did better for bond trade with the rising rate environment and going in the face of other investment base and stu: why the dow 1.5%? >> that's surprising because of the strongest quarterly performance in the company's history. $150 billion in new core assets and worse start to the stock market since the great depression means more trading and i think one of their famous traders and customers in the platform. susan: also rising rate environment that's up and up for the bank and 4% now and goldman reorganizing and according to reports and asset management and going to another and that includes markets and consumer

facing and third will be a financial tech and that includes thai ups with apple, and boa not cutting jobs with goldman sacks and morgan stanley thinking about it. stu: who is now bullish on apple? susan: we're back up above 140 and earnings later on this month on the 28th, morgan stanley says apple is their top pick in a recession and the device intro coming and ipad pro and it's over a billion iphone users call the install base and cash costs $200 billion, which by the way is worth more than 90% of the s&p 500 so morgan stanley, which by the way is one of the top apple analysts on the street and where the $177 in their view is upside of 28%.

it kind of makes sense too. you know how the mentality works on the bear market and they sell their favorite stocks last. that's kind of what's happening with apple. that's why it's more insulated than other stocks and down around 20% or so and in some ways outperformance compare to do the rest of the sector. stu: thinking about it now. susan: some would say cheap at roughly 25 times or 30 at its peak. stu: works for me. caught the story about mastercard getting involved with crypto. i got it. does anybody buy anything with -- do you buy pizza with crypto these days or a car? nobody does. susan: not yet. not for transactions and bitcoin is like a digital gold and eth has potential and mastercard will help banks access crypto trading for its clients by providing regulatory compliance, security, and these are two areas that banks have been handcuffed by the government and

they've been limited in what they can offer their clients and mastercard says we'll clear all that for you. we'll be your underlying provider so mastercard is partnering with paxis and they're like the pipe of the crypto world and provide services for paypal. stu: got it. you've got to explain to me why ye as in kanye west, is buying parler and if he buys them, will he allow anti-semitic rants on parler? susan: there's a lot to question going forward but it's very interesting because we don't have any financials in terms of how much ye paid up for parler and parler at its peak was during -- i think after twitter suspended donald trump back in 2021. at it is peak, parler was worth multibillion but then it was kicked off google play, the apple app store and some say it's been poorly run by the way because there's been a lack of

growth when it comes to users so how much does kanye actually pay? we don't have the financials just yet. it also makes you wonder what kind of position parler is in if they need somebody like ye to step in. the conservative youtube equivalent and that went public by a spac at $2 billion valuation. parler some would say probably not worth $1 billion at this point. he's worth $2 billion and apparently he's worth $2 billion and i would say that his brand value in this is probably worth more than any money he puts in. stu: all right, last one, why should acare? continental resources going private. >> san: interviewing chairman alexander ham on the program. susan: it all makes sense to me because the stock is surging and looking to take it private and

28 and mixing in this type of environment and closing by the end of this year and oil prices hit their highest since 2008 contraindication for cerumen removal right. might as well; right. own the whole thing and reap all the profits yourself. stu: bring back fracking please. frack till the cows come home. lauren: not like u.s. energy. stu: we'll see you later. promise. check those -- the big board please. you're going to like this. we're 612 points and that's better than 2%. dow winners show me the list, please. got a look at that. sales force, microsoft -- oh, microsoft, don't you love it. morgan, american express, walt disney, big names there and s&p 500 winners, show them to me please. news corporation.

for whom i work. susan: the news is recombination possibly. stu: yep, nvidia is on that list and generac, up 5%. nvidia, microchip, auto desk and more. susan: is this because the market is oversold at this point? they just want to buy? stu: could be. it's a very nice bounce. thanks, susan. coming up, former congresswoman leaving the democratic party and joe concha saying she's the voice of reason. listen to what president biden said about britain's prime minister liz truss' tax cut plan. roll it. >> i wasn't the only one that thought it was a mistake. i disagreed with the policy but that's up to great britain to make that choice, not me. stu: appears morgan is calling out the president for being, i'm quoting now "disloyal". he joins me mome momentarily one

set. two nice british accents together. next. ♪

>> don't you love this, mondays morning and look at your money and it's going up. dow is up 660 and nasdaq up 340. nasdaq up 3.25%. that's a significant gain. got it. take a look at cover of today's new york post. see that, 401ko. the article reads: the average american is losing $34,000 and everything else on biden's watch. that's how much average, on average, that's how far down your 401k has gone. steven moore with us this morning. he wrote that thing right there. steven, our standard of living is clearly declining. does it get worse from here?

>> well, it's certainly getting better this morning with the good numbers on the stock market. 32,000, not 34,000 and this has been a pretty ferocious bear market and it's really been since the start of this year. there's two reasons by the way, i want to explain to people why your lifetime savings are getting so wack. number one it's obviously since the market has been down and not standing with good numbers today and by about 15% and that's, that just means your stocks are worth less and then also people forget. you have to factor in inflation and $100,000 saved up in a 401k and 8% inflation, the value of that plan has dropped by 8%. savers are the biggest victims of the high inflation under biden. that's what we're trying to

alert people to and it's exactly the opposite, stuart, of what we saw under trump where you have a very strong bull market. stu: are you better off now than two years ago? you know the famous professor at warton school is warning of extremely high risk of inflation. he says it's the fed's fault. >> i think we're in a recession right now and in a cost of living recession that is pulling down americans feeling of being able to pay the bills and, you know, wealthy people even notwithstanding the drop in the stock market, they're pretty protected by high inflation and they come and seniors are seeing the biggest decline in living standards right now. when you see people losing

thousands in their retirement and $4,000 in wages, i'm going to say that's a recession. stu: yes, well said. it's not getting better any time soon. that would be my opinion. i think it's yours too. steven, i'm afraid we're out of time. sorry about that . i could talk all day. mr. moore -- you got it. see you later. senator bernie sanders is going after the fed. lauren: he's hitting the fed for exacerbating the inflation problem for so many americans. >> i think they're hurting the situation. i think it is wrong to be saying that the way we're going to deal with inflation is by lowering wages and increasing unemployment. that is not what we should be doing. this inflation thing is a real issue, it is a global issue. but at a time when working families are struggling and the people on top are doing phenomenally well, i don't think you go after working people. lauren: the sentiment of that might be right, inflation is the real issue; right. higher rates needed to bring it down only pinch americans more. i think most people get that.

but he is bernie sanders, and he went after at a later point in the interview, big oil, big pharma, even food stores, grocery stores, razor thin profit margins for reaping profits while every day americans struck and will he didn't acknowledge government spending as a root cause of inpolice station. stu: it's the eternal shame of the united states senate that a socialist sits and chairs the budget committee. i've said that before and makes me very popular. thank you, lauren. coming up, we have a special programming alert, the very first varney and you town hall ticks off today at 11 -- kicks off today at 11:00 a.m. and we can't wait. we have an all star panel. then ye west, as in kanye, taking a page out of elon musk's play book and west is buying social media platform parler. does this have something to do with being locked out of twitter? we'll be back. ♪

stu: all right, we got a new theory and it suggests alzheimer may be an autoimmune condition.

lauren, what does that mean exactly? does it mean there might be a cure? lauren: yeah, a different type of treatment. so some scientists are starting to think of alzheimers as a distorter of the immune system in the brain rather than a disease of the brain. that's a reclassification to autoimmune disease ask&could lead to a new way of developing therapies for alzheimers. stu: we need dr. mark segal. fortunately, he's lined up in front of the camera. is alzheimers an autoimmune condition, doctor? >> you know, it looks more and more, stuart, like it is. by the way, you do remember we talk about alzheimers almost every time i'm on. stu: yes. >> that's a memory test. so look, there's a researcher out of toronto, donald weaver, that feels strongly and he does a lot of great research on this that basically betaameloid is that protein that clogs up the

brain with alzheimers. normally that's a repair protein and helps the brain. something signals that protein to attack the brain and that something is the immune system turned awry. there's a way to look at this so both theories work together. the proteins clogging, what's causing them to clog? the immune system. biogen as you know has been pushing alzheimer drugs that stopped the production of data amyloid and i took a -- beta amyloid and their new drug that's in the pipeline that looks very, very promising despite the fact that autoimmune drugs may work too. this is finally entering an arena where we need to go. autoimmune and stop the production of this protein. stu: i call that very good news. let me turn you onto elon musk and some other celebrities using diabetic medications for weight loss. what do you make of that, doctor? >> you're not going to believe what i'm going to say, stuart. this is an indictment of the

insurance industry in my opinion because they don't like preventative drugs. why not? this drug that's made by nova nortis is a diabetes drug, works really well against diabetes but that's all the insurers will cover it for and medicare. but guess what, when it was studied, it decreases weight about 25% over a year. it does both. works against diabetes, works against obesity, how can it do that? it stops the production in the gut of hormones that signal hunger. well, when you eat, your sugar goes up; right? the two work together. this is a ground breaking finding, these drugs. that's the future of weight loss in my opinion. stu: someone comes to you and said, c doctor, i need to lose , 15 pounds and maybe 200 to start with. would you prescribe that to lose

10, 15 pounds? >> great question, no. i would say in that case, do more walking, cut down on cassius and stop having that -- carbs and stop having that desert at night, same with me. i use that for people 50 pounds overweight and can't seem to lose the weight no matter what we do with lifestyle change. this will be a very powerful and exciting drug in the future, by the way, it may prevent the need in many cases for bariatric surgery. stu: are you expecting a new surge of covid this winter? >> welshing right now we're in the omicron group and the numbers are down and i don't like the fear mongering so i would say it's possible we'll see a new subvariant. some are lingering around out there. right now we're at a low ebb and i don't want to automatically assume there's going to be another surge. one thing i'll tell you, stuart, that new booster for the omicron subvariant and latest information out of that last week shows it increases

antibodies against the virus dramatically and that's more than some thought. i'm on board with this booster right now especially at high risk groups. stu: got it. doc siegel, thank you very much. see you soon. the dow is up 500 and nasdaq up 323. 3% up on the nasdaq. where's the 10-year treasury yield this morning? going down. 3.94%. where's gold? as we keep saying, it's not doing -- today it's up $21. okay, okay. bitcoin, $19 and chain. oil, in the mid 80s at $86 and nat gas going down 7%. average price for a gallon of regular gasoline unchanged at $3.88. in california you'll still pay just above $6. will cain, katie mccarland and more. the 10:00 hour of "varney & co."

is next. ♪ is . .

♪. stuart: simply the best, yes