tv Varney Company FOX Business October 18, 2022 9:00am-10:00am EDT
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reality of the two es of earnings and employment. i say that in all seriousness, todd, because you're absolutely right. with inflation being what it is, it's hard to appreciate the fact that a market could be up 600 points two days in a row. but the two es of earnings in employment are so strong. we have more people working than ever before. they're supporting earnings and we're getting plenty of evidence of that this morning, strong earnings. maria: yeah, it could be, todd, that the earnings period has begun better than expected but our guest this morning said it's a bear market rally and most expectations are for this economy to slow down pretty considerably in 2023 but right now it's about a market that is strong on earnings. adam johnson, todd piro, great to be with you this morning. please come back soon. thank you for joining us, everybody. have a great day. "varney & co." begins now. stu, take it away. stu: good morning, maria, and everyone.
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ready for another 1,000 point turn around and yesterday's big gain and this morning's rally and the dow up 600 points which is 2% and s&p up 2.3% and solid gain for the nasdaq up 2.5%. rallies like this are exciting. makes you wonder if we've actually hit bottom already. we'll find out. interest rates steadily rising and yield on 10-year treasury did hit 4% earlier and backed off to 397. two year treasury keeps moving closer to 4.5%. you're at 4.40 as of now. price of oil is not doing much this morning, hovering around introducing, the best price for two lines of unlimited. just $30 per line. introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again mid $80 per barrel level and the after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. stu: that is tallahassee, the state capitol of florida where white house is considering it's 56 degrees and looks like a real nice day to me. releasing soon another wish i was there. 10-15 million barrels of oil if you like the music ons show, from the strategic reserve. follow us on spotify, search there's not much left. oil, little change in price. "varney & co." or scan the qr code on the screen. diesel keeps ongoing up slowly. futures, got to take a look because we're going upright from average price per gal leeanne is the opening bell. $5.30 and 50-cents away from all 255 up on the nasdaq.
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time high and average now $3.87. 2.25%. dow up about 540. continuing at the opening bell politics and the elections, at least yesterday's rally. three weeks away and there's a clear swing in the polls to the three weeks to the midterms. all right, susan, come back in gop. the republicans have the again, please. what's the media predicting? momentum a poll in the new york susan: left wing media msnbc times shows a stunning turn around for independent women morning host says he expects voters and in september, they favored democrats by 14 points. republicans to do pretty well. in october, they favored republicans by 18 points. >> house, if you look at history, if you look at latest that is an extraordinary 32 point swing. inflation report, at this point, inflation remains the big problem. the white house claims to have a i'd be very surprised if fix, but it won't kick in till republicans didn't have a good night in the house. there would have to be a next year. polls show rising prices are the overwhelming concern for voters. historic occurrence, a lot of 21 days to go, tuesday, democrats still hoping that the overturning of roe would cause, october 18, 2022. "varney & co." is about to let's say some hidden trend begin. lines we're not seeing in the polls. susan: the fox power rankings >> ♪ show the republicans are poised to take the majority back in the house and 17 seats more likely grabbing 15 and taking power in the lower house. dinner table issues of course dominating the voting booth.
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stu: get higher. you know that gallop poll and look at that there. we're old. lauren: we had a great time fox power rankerrings and inflation is a top issue and gallop poll givings the edge to the gop in handling the economy yesterday. >> reporter: stu: the markets ae and 51% majority approval and less than 50 for democrats. stu: and the economy is where it's at. rallying and continuing susan: yeah and people talking yesterday's big gains but about social issues but going however there's a warning about behind the curtain to make their a recession. who is waiving the red flag? vote, cast their vote, think susan: bloomburg awal sis sayin% think about how well they're doing and can put food on the table. in the next 12 months near stu: is the economy stupid? certainty and really bad news for the biden administration, the latest new york times poll who is repeatedly said that the show republicans have a four u.s. will avoid a recession and pint lead over democrats on a if it's a recession, it's only a generic congressional ballot and mild one think of tightening mike waltz, congressman of florida is joining me now. looks to be a strong swing to the republicans and your problem might be overconfidence. what do you think? >> i don't think so, stu. i think we're going to run through the tape and there's economic conditions and i want to note there was a separate only two ways to run for wall street survey of economists office: unopposed and hard. we certainly aren't unopposed by bloomburg. that probability maybe 50/50, a across the country. look, the problem with the
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little over 50%. banking ceos and includes democrats kind of pro abortion and all eggs in that basket goldman's david sullivan saying a recession is more likely than strategy is that -- they're not and jp dimon at jp morgan focused on suburban independence and we've seen a 30 point swing says if a recession happens it'll be in the first two in our favor since september. quarters of next year or final three months of this year relative -- very, very few women coupled with 2023 for actually go and get an abortion back-to-back negative quarters but every woman is going to the of growth. stu: it's about universal. grocery store, is going to the here comes the research. gas pump, is having to pay their susan: slowing growth, cautious times. stu: we need a market guy and we heating bill, and is dealing have one, david nicolas, and with this economic a taxpayers fio that's a self--- catastrophe he's here. we'll have another rally on our that's a self-inflicted wound hands at the opening bell. what do you tell your people? from this administration. we're just seeing that come through front and center and start buying or stay out? everyone is asking themselves, >> well, stuart, we're not am i safer since joe biden took buying today. we have a general rule at my office? firm is that we don't buy on big no. and is my family better off up days. since joe biden took office and we wait for down days to buy. we're not buying today but there's a lot of positives for that's a resounding no, the market. stabilization out of england, we particularly as their 401ks come have initial earnings that are in lower and as inflation's up positive.
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you had general oversold conditions and i'm positive about that and i'm not a buyer their life. today and we've been buying stu: the fox power rankings throughout this and we haven't suggest the republicans could been one of the firms that sat have a 15 seat majority in the this out the entire time, we've house. if they were the case, would you been active and we've been be disappointed at only 15 seat buyers and wait for a down day, we'll get one in the next couple majority? weeks and, stuart, that'll be a >> stu, i'm going to come back better buying opportunity. to you after the election and stu: the bear market is not over according to you? >> if you look at technical level, 3800 for s&p and it's tough to break that and we're trading around there today. let's see what happens over the next couple of days ask we'll be in a range of 10%, probably 5% stating likes new york, connecticut and california, on the upside, 10% on the downside because really the real they're comfort and will feel their state legislature not impact for earnings, stuart, i making big moves on abortion but love what i'm seeing today, but it's the economy and crime and we're not going to see that in some cases immigration and until really next year. that's not going to show up until fourth quarter earnings everything else is a distant, all that the feds are doing and all that inflation is doing and distant, distant thought. what's happening today is not stu: refer to this real fast, the true picture of where i think the economy and the market china's president g xi reelected is headed first and second quarter of next year. stu: okay. we're going into recession next
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year and the market's going to and how are the people go down before then. responding to xi's military is that basically what you're threat s? saying, david? >> they've gotten a real wake up >> but i'm saying that but we call between the seizure of hong want to be buyers. kong, between ukraine and most if you're one of those investors that have been sitting on the sidelines this whole time, taiwanese people feel like they you've got to be careful because could be the next ukraine in the there's a red wave coming in next 5 to 10 years and xi is november that could smack saying he's going to take taiwan investors in the face. stu: that's interesting. one way or another and the third piece was the blockade after you're referring to the november elections. pelosi's visit that the chinese you think there's a red wave coming and that's good for the market? >> stuart, i do. navy rehearsed and we're seeing look, i've been saying this all a real wake up call and, stu, we year. i think the bottom occurs around the november elections so this need one here in this country is why, if you're an investor, and we need our supply chains out of there and stop funding this is so important because everyone is trying to cash this through american taxpayer bottom, i hear it all the time dollars chinese's technological but it's going to be tough to do. you want to be positioned now for what i think could be an rise and we need to wake up here and be ready for a potential war overwhelming move to the upside after the november elections so and to deter that war from happening in the next five to we're putting money to work today. ten years. there's names that i love, stu: congressman mike waltz, google, jp morgan, microsoft, those are the names we're thank you for being with us. >> thanks, stu. stu: remember when elon musk buying. stuart, now, to be positioned
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for november. said the hell with it that he stu: thanks a lot, see you soon. will keep funding ukraine's star fox released latest power link internet. susan, is the pentagon stepping rankings. we're three weeks to the up now? susan: apparently so because the midterms, where do things stand? pentagon believes that elon musk can't be trusted, he's not susan: advantage republicans in the house and fox power rankings reliable in their views so showing the gop winning a remember that star link has been 15-seat majority in the house a lifeline for ukraine keeping and possibility extend to 17 the internet on for surveillance seats in the best case scenario. and defense and use of drones so the pentagon is considering notably making gains by the way using money from the fund that's in the west despite the been used to supply weapons and democrats remaining in power out west. there's two competitive equipment to ukraine over the districts in california and oregon. that is expected to swing red long term according to two u.s. officials and costs around and inflation still a top issue then it's crime but almost 90% $80 million or so per year, maybe hundreds of millions of of respondents are concerned about higher costs right now so dollars over the next year. dinner table issues, senate is a it's pretty variable depending lot tighter. on how much star link charges you have four tops of states and that's within the margin of ere and starlink is not profitable and coming out of my pocket error and power rankings and during a slow growing democrats 47 depending on where environment and spacex is worth georgia, ohio, and four toss up states go, that picture could $100 billion and the crown jewel in spacex, it's not launching rockets it's starlink and
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change dramatically. i was looking at the abortion issue, it's only the sixth top services internet and that's the bulk of the $100 billion. issue right now. stu: saw that. stu: no matter what happens, susan: inflation, crime, one two they're not gonna stop starlink right there. stu: it is. from servicing ukraine. abortion is down that list significantly low. susan: stirlink will get the we'll get into that later as well. susan, thank you. money and elon musk. administration has officially stu: good. opened the application form for check the futures and we're about seven minutes from the the student debt handout plan. opening of the market and dow up the president slammed republicans for opposing it. 500, nasdaq 270 and the opening roll tape. bell, we'll bring it to you, >> let's talk about who is against helping millions of hard that's next. me♪ working middle class americans. republican members of congress, republican governors are trying to do everything they can to deny this relief even to their own constituents. as soon as i announce my administration student debt plan, they started attacking it saying all kinds of things. they're outrage is wrong and it's hardship critical. stu: look who's here, molly hemmingway. molly, is the republican outrage wrong and hardship critical? >> the -- hypocritical? >> the issue is joe biden did a
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campaign ploy and he sees those numbers you were talking about where republicans are slated to have the advantage in november so he came up with this plan to have working class people pay the college debt of college graduates and everyone understands this was designed to help increase enthusiasm for democrats because they have a huge enthusiasm gap. it's a plan to be believed immoral and you can constitutional and facing challenges and he needs to get through the election and get the votes and that's what he's aiming for. i don't think many americans like the idea of paying for other people's college education, particularly when they're working class people. stu: yeah. i do see the point, molly. i do see the point. now, this is interesting, the new york post says the first lady was very unhappy with white house staffers because they hadn't cut off the president's long press conference. this was back in january. i notice he hasn't given a lengthy press conference since.
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what do you make of that? >> right, very different than his predecessor who was perhaps too transparent and accessible to the press. this president is very coy sterling heightsed and that's because when he talks to the press as in the press conference, he makes a lot of verbal gaffes and stumbles and has trouble and it's difficult for him to perform publicly and the strategy was keep him under wraps and away from cameras and control the environment he's in. jill biden had a lot of negative press for people's belief she should have done a better job of keeping him away from running for office given his advanced age and what that's doing to him. but seeing that she's so involved is interesting that it's coming out it's interesting, and i think that instituteny of her will -- scrutiny of her will increase stu: the president's lack of focus or age, is that a significant issue in november's elections? >> i think the big problem for
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democrats isn't that joe biden seems to be declining mentally, it's that the policies that biden shares with the entire democrat party are not favorable to the american people. i don't think people like -- i think it's embarrassing of them to see what's happening, but really the issue is the policies. stu: it's just extraordinary, we've come to the point where we can talk about a sitting president as declining mentally. that's a very big deal in my opinion. thank you, molly. we appreciate it always. >> got it. stu: a whistle blower released new documents and they reveal president biden was aware of his son hunter's business dealings. the president may have been involved in those dealings as well. the report also suggests the fbi has a significant amount of evidence on hunter's criminal activities. the fbi and department of justice have not responded this latest week. we bring you up to speed on that one. futures show the rally continues. big rally yesterday and looks to go on at the opening bell this morning. dow up close to 600.
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karine jean-pierre trouble answering peter d doocey's questions on inflation. >> we understand there's challenges in front of us here in the country. that is why the president has taken action to lower costs. stu: okay, but what is the president doing to lower costs now? we will get into that. there's this, we're weeks from the midterms and republicans are gaining an edge as voters worry about the economy. florida congressman mike waltz is here on that next. ♪ >> greg, these are volatile times. stu: who makes them ands trading desk makes them? >> looking after the speed of third quarter earnings releases that we have from the big banks and we learn add lot about the consumer and the economy and i think the financials look very attractive right now. stu: what do you think we learned from the bank owners we're seeing so far? >> well, look, the banks are doing very well. you talked about volatility. for you and i we've had a white
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knuckle death grip for months checking brokerage accounts and volatiles and bank of america reported there's zero trading day losses and that's incredible. i did not lose money on any trading day. certainly an increasing interest rate on where they borrow money and where they get to their lenders and talk about the consumer. how healthy the consumer is right now. their balance sheets are pristine and their bank ball languageses have never been higher and hire now than before the pandemic and people are spending more, spending in september and october was up 10% versus a year ago, and their late fee metrics are down. stu: which financial stock did you buy? >> well, look, even this morning, it rose to a crescendo this morning with goldman sachs
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on the up sell. stu: do you own it? >> i don't own names but they're doing great and actually by the way, buy goldman sachs for less than book right now. stu: really? susan: yeah. stu: wait a second, for the benefit of our watchers, less than book. add up all their assets, that's their book? >> where it's trading around 318 premarket and book is north of 330. how often does that happen historically. financials look attractive now and have a good dividend yield. stu: even going into a recession and everybody thinks we're going into a recession.
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their balance sheets are good and performing well. stu: we'll take a look at goldman sachs pro proctor & game millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. theans millions are saving hundreds a year and johnson & johnson open and with the fastest mobile service. now, they're down. the dow is up 2%, 617 points, and now, that's a clean green sheet right there for the big board. s&p 500 is up 2%. the nasdaq composite is up better than 2%. 2.67%, that is a rally. i've got to believe that big tech is doing well when it's up 2.7% and the nasdaq and big tech stocks do well, amazon, alphabet, apple, microsoft, meta
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all up better than 2%. amazon is up 4.5%. specifically take a look at microsoft because they're up 2.4% and they are cutting jobs, why? >> that's surprising, isn't it? susan: for a tech giant like microsoft which has $100 million of cash on the balance sheet and hundred of millions in jobs and the numbers in the six figures or so and three months after microsoft laid off less than 1% of their workers and pointing to pc division weaker window sales and plummeting pc sales and as i mentioned to you, it's surprising and you have $100 billion of cash on the balance sheet and spending $70 billion to buy activision trying to close that and they're laying off workers or in a hiring freeze. meta is firing for the first time in history. tesla laid off 10% of their
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workers, microsoft, pro proctor& gamble slowest revenue growth. stu: stock up 2.4%. several big name companies reported before the bell and in my opinion it's goldman sachs. susan: we just went through that. it's doing well on a valuation basis. you heard greg and everyone talking about this on wall street. the fact that the stock is trading less than book right now, which make it is attractive in this type of environment. the bond trading picked up the slack and profit dropping from last year and better than expected and sales beat and as you know rejig internally with goldman sachs now being split into three different divisions and combining trading with investment banking, consumer fintech and includes the apple card division in the other two. stu: the market likes their reorganization and selling for less than book. susan: also banks to well in rising rates environment and we've seen, i would say some pretty good earnings from the banks side including jp morgan. stu: rates going up, that's a
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fact. then hasbro. they missed -- adon't know what that means, they're down -- no, they're up, they're up. susan: i would say hasbro, yes, they missed on bottom line and sales came in with expectations and consumes are not paying for higher prices and having problems raising prices and toy giant says that while they did raise their prices for my little pony and et cetera, consumers are not keeping up with their sales because of a high inflationary environment. as you know, the market rewards companies that have been able to raise prices but then continue growing their sales like pepsi co and lvmh. not hasbro. it's a market that wants to go up. it's oversold; right. we've been looking at worst start since the great depression. stu: j&j, a moment ago we had the big board and only loser among the dow 30. what's the story? susan: i think the guidance was pretty weak. j&j beat on the top and bottom line and pharmaceutical sales and they narrowed their earnings at look. they maintained caution because
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of strong dollar so they're saying that sales won't grow as much as they hopefully had expected. stu: they beat on the top line and missed on the bottom. this afternoon and they're down a tiny fraction now. what are you looking for? susan: obviously it's a subscriber number and guided for a million gain in the summertime after shutting 1.2 million in the first half of this jeer. that's a big deal and the first time and first three dais losing subscribers and looking to add and don't forget the ad tier is what people are looking for. stu: when does that come? susan: the first week of november and paying $699 for the ad tier and jp morgan adding around $200 million in advertising sales next year for netflix and then it will attract
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7.7 million subscribers next year to the ad tier and that's positive and bullish. the best performer over the summertime. jumping 30% during the similar. stu: trusion i didn't -- true, i didn't know it was the best of the bibbing names this summer susan: the stock was trading and shouldn't they have bought something with the stock price and missed opportunity for them to extract value. stu: could have used the stock as currency and didn't. susan: correct. to expand. stu: united airlines going up some more? susan: yeah, united is reporting after the bell today and listening to american and also delta and it's been a summer travel boom and going through december in the holiday period
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and we're expecting the same thing from united airlines and united as you know travel names and airlines are value plays so as the yields go up it makes the stocks look more attractive compared to tech. stu: real fast, sales force. i looked at them earlier and big, big gain up 6.6%. what's the story? susan: there's an activist investor and star board getting involved, jeff smith. they have built up a stake in sales force and telling greg smith, sales force has done comparatively well compared to silicon valley pierce and what is it -- peers and what do they want to shake out? we don't have any insight right now but when activists get in, they want to extract some more values some how. stu: it works. stock up 6% at 156 on sales force. thank you, susan. average price for a gallon of gas in california is $6. the president thinks it's much higher than that.
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roll tape. >> have you seen gas prices around here in la, it's almost $7 a gallon. >> well, that's always been the case. stu: he got it wrong. really wrong and we have the numbers. the white house insist the president has "done the work to fix inflation". larry kudlow tears boo that one. more companies charging employees who quit their job trading and we'll bring you details. ♪
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this is a continuation of yesterday's strong rally, which has put the dow over 11 point-blapoi11 pointsup in the . not bad. millions of employees with buying power and that's of course because of inflation and all right, how much did their buying power decline? susan: so, they lost 3% in a pay cut because of the average hourly wages going up 5% and that means that you're losing over 3% in your hourly wages after inflation, and u.s. workers are worse off today than a year ago thanks to inflation. you have the labor department reporting last week that average hourly earnings were dropping month over month as well if you factor in the inflation numbers. think about it. groceries are up 13% over the past year. you're paying 13% more for your grocery bills. i don't think your wages are keeping up with that type of
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increase. stu: tell me about t i see people really at the super market getting upset by it. susan: so i went to whole foods the other day and i walked out, $100 bought me one bag of groceries. even the cashier said you would have gotten three bags of groceries for that money. stu: lay off the caviar, i tell you that. the white house insists president biden has "done the work to fix inflation". roll it. >> if president biden's top domestic priority is inflation, why doesn't he have more to show for it? >> cost is an issue for the american people so he's been very cl ab clear about making ts number one economic priority and he's done the work. he's done the work with congressional democrats and republicans are going to make things worse and then democratsment to do the opposite and make things a little easier. stu: well, i'm sure our good friend larry kudlow will have something to say about that.
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all right, larry, good morning to you. what work has the white house done? larry: by the way, stu, thanks for the town hall yesterday, it was great. stu: you were great. you were great. larry: i think the team of lee and kudlow has a very bright television future. stu: she's sitting right next to me right now. she's right here, larry. right here. susan: and larry buys the champagne and caviar. stu: get on with requester your, larry. larry: i'm sorry. biden's done the work but the trouble is since the inflation reduction act has been in place, we've had two worse numbers on inflation for august and september. i mean, look, i don't know if you look at tips full, the tips full shows that since february of 2021, after the $2 trillion spending bill, another trillion
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dollar spending bill, plus the inflation reduction comes down to a trillion. stu, inflation is up by 13% on the cpi, okay. groceries are up by 17%, energy is up by 39%, gasoline 48%. new cars 17%, used cars and trucks 36%. even maintaining a car is up 14%. i mean, come on. there is a -- inflation if anything is getting worse if you take a look at the cleveland fed median cpi. that thing is run up all the way to 7%, which is a good measure of the underlying inflation. look, spending, regulating, turning off the oil and gasping gots, raising -- spigots on investors and the market is rallying, the rally started a week ago, eight or nine days
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ago. the new polls coming out likely voter polls are now showing a republican sweep. i think -- stu: you think that's a factor? larry: yes, i do. i think the stock market is saying, we've got a bad inflation problem, the economic recession and the new thing with congress and things are going to get better and stocks do tend to look ahead 6 to 12 months and i'm not saying that republicans are here in the generic ballot and that's giving hard to the stock market and things are going to change for the better. looking towards free market capitalism. stu: i got to say, larry, leading a party in a country where your standard of living is
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declining for everybody and it is. the net result of inflation and the slowing economy is a slowing and a downside move in our standard of living. i can't remember the last time that happened right before an election. that's a key factor here. last word to you, larry. larry: look, the last time it was 182 and reagan came into power and everything will magically and crisis into next year and i have a feeling that stock market is saying, okay, rough times ahead, inflation conquered and declines and i get all that. but in the mix of all that bad news, there is a nice piece of good news that those advocate
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and spend taxing and those advocate and they'll come to power and take 118 and a little bit of optimism in an otherwise difficult period. stu: i'm very optimistic that the republicans will retake the senate and just my point of view. larry, we'll be watching you this afternoon. see you later, larry. coming up, there is indeed a shortage of police officers and now there's a little creativity and how to bring new offices on board. when i say creative, i mean it and there's this, yesterday i hosted the first ever varney and you town hall and may have had a senior moment. oh, dear. stu: sean duffy and --
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when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works."
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my advice for everyone is to go with golo. it will release your fat and it will release you. stu: law enforcement needs new recruits and they're getting creative to bring them in. casey siegle is with us. tell us about this creativity. >> stuart, from signing bonuses to viral videos, law enforcement agency say it's been a difficult couple of years trying to hire good quality officers to put out on the roads and they say they've got fake outside of blocks and get this in los angeles, for example. the new recruits are being offered up to $24,000 over two years for housing subsidies in pierce county, washington, or tacoma, the sheriff's department offering a $10,000 signing bonus and taking recruiting efforts outside of washington and setting up a booth at the
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minnesota state fair. fort worth will hear police making a funny video going viral and comparing to a used car video and charleston, south carolina, police have revamped their entire process with a more doubted driven approach to hiring and retention. >> you know, we went with humor on this one and decided to stay a little light hearted and it has paid off. it has paid off for people to say, you know what, i'd like to work for that department right there. >> it's really important that we invest in the beginning to hire the right people and we want to have the best talent and police department is an independent organization and business of independent safety and we want the best talent running it and providing the best customer service for community.
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of course among a lot of other things law enforcement is facing as they've gathered here and the top leaders of departments around the country in dallas leaving aftertoday. stuart. stu: i like the used car salesman. that was particularly fun. pretty good stuff, okay. good stuff, see you again soon, casey. check out the big board, it is a rally and it's holding and we've been up 600 but we'll take a gain of 450. that's where we are now. how about the dow winners on your screens right now. headed by who's top of that list? sales force up another 7%. goldman's up 3% and walt disney, disney shy of $100 a share and carnival cruise lines on the list of s&p winners and norwee norweeken and royal caribbeans and the top there is -- can't read it properly.
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octer. idex, zoom, align technologies, lamb research all looking pretty good. interesting. let me tell you about that for a second. you've got a rally coming on from yesterday's rally and about a 1,000 point gain in the space of about 24 hours. even though you've got most columnists forecasting a recession and amongst the economists, there's a 100% certainty that a recession is coming. on the show, still to come, the man who ran the housing department ben carson and fox news star brian kilmeade, katie pavlich and more next. ♪ ..
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