maria: that is wild. >> i'm doing platte tease now, so don't count me out. >> you could have a martini and not spill it? maria: she is good, james. she's really good. >> yeah. i can't even surf without heels, so -- [laughter] really impressed. the hula hoop thing, that's an athletic feat as well. >> i'm not sure if i'm more impressed with the hue that hoop or the drink not -- maria: i don't think i could rules la hoop on ground, never mind water. [laughter] james freeman, lee carter, ryan payne, great to see you guys. markets completely turned around by the time we ended show, down 141 on the dow industrials, nasdaq down 64. have a great day, everybody. stuart takes it from here. stu, take it away. stuart: good morning, everyone. it's always good to start with a winner, and we have a big winner today. netflix, a spectacular financial report.

they brought in over 2 million new subscribers, reversing a down trend. the stock is urging -- surging. susan will have details. here's a loser, the democrats. real clear politics projects the republicans will win the senate. fox power ranking projects the republicans will win the house. in the face of this defeat, what looks like a defeat, this looks like a hail mary prime minister he's going to release -- from the prime minister. from the president. you're at $84 a barrel. look at diesel, that's the industrial fuel, it just keeps on going up, averaging $5.32 a gallon. as for gas, down 2 cents this morning at $3.85. california gets a break, they're below $6, $5.94 on regular. we've had a great two days for the stock market, a modest pullback this morning. the dow's going to be down about

140 #, nasdaq down 60, s&p down about 20. we're going back to the well. you can always rely on "the view" for entertainment. today we'll show you joy behar almost distraught because voters are more concerned about inflation than abortion. wednesday, october 19th, 2022, 35 years to the day after the crash. "varney & company" is about to begin. ♪ ♪ stuart: yeah, i'm on still. [laughter] >> so beautiful. the camera couldn't look away, stuart. >> frankly, the open is all about you anyway -- >> younger pictures of you smiling. stuart: do you think i'm being criticized here, folks? anyway, we're or on. netflix, big rally. their financial report hit late tuesday. susan was covering. what have you got? susan: yeah. it's all about subscribers, 2.4 million more, that's double

their guidance, and netflix says they will set up another 4.5 million subs this fall. will stu possibly be one of those sign-ups? because i know you're a password sharer, which they will crack down on in 2023. so your time is coming, stu. now, most of the new sign-ups of 2.41 million, most of those are international. only 100,000 stateside, so going forward netflix says the worst of the slowdown is over. sigh of releaf there. you have monster hints like stranger things, season four, which i love, bringing back viewers. they say they will not be giving any more guidance when it comes to subscribe iser growth, and they're focus on sales instead. their competitors, they're all plowing and losing a combined $10 billion on content in order to compete with netflix. they say, well, we are actually making a new profit each year of $5-6 billion. and, of course, we'll talk more

about streams when -- streaming when the markets open at the bottom of the hour. stuart: that's fascinating. susan: you're sending lots to catch up with us. is it worth it? stuart: i love to see it. that's a fact. check futures. down 140 on the dow, 70 down on the nasdaq. eddie ghabour is back. well, it's a mow momentous occasion, eddie. you said last week you'd finally started buying again. i think you were into health care stocks. are you selling them today? >> we sold, actually, bought health care and utilities last week, we actually sold a third of what we bought yesterday, but we took it all from utilities. we kept the health care position on. utilities have higher sensitivity to interest rates, and with us thinking the 10-yeao continue to be volatile, we thought it most prudent to take it from the utility sector. look, i shared with you at the end of last year that buy and hold was going to be a losing strategy for 2022. and i continue to pound the

table on that. i think the only way you're going to survive this bear market over the next six months especially is going to be being very active, getting in and out of positions. so if you make 3-5% on a position in a week or two, i wouldn't be greedy, i would take some off the table. just keep a good, strong cash position especially if you're concerned with volatility in your portfolio. stuart: just to bring everybody up to speed, you say we've not yet hit a bottom, and i believe you're still saying that, we've not hit the bottom yet. and i believe you're looking to the first quarter of next year to actually hit bottom. is that accurate? >> i do. i think it'll be sometime in the first six months of next year. we really haven't had that huge capitulation moment yet. and i have to tell you, like, when you look at bear markets, it's always that last leg down that's the most painful. and we haven't seen it yet. i think you're going to see that in the first half of next year. by the end of the first quarter,

we'll probably become extremely bullish. we're already making our list of things we want to get into. but when you look at the bond markets, as long as interest rates and the dollar stay strong -- strong, it's going to be problematic. and the other thing is people are expecting this big bear bounce. i don't think this bear bounce is going to have as much juice as the ones in the past. so that's why you've bot to be active because, again, the trend is going to be downward, unfortunately. and i want to point to this too, and i don't think this has ever happened in a bear market at this phase. long-term treasuries have lost over a third of their value. they've underperformed high-yield debt. something's gotta give there, and i think you're going to see that be the next thing that cracks, the high-yield debt market. and that's going to cause equities because of their correlation to spiral downwards over the next six months, but it's never a straight line down. stuart: look at the 10-year yield, 4.# 1%. eddie, thanks for being with us.

politics, we're 20 days from the midterms. lawrence jones is at a diaper in florida. senator -- diner in senator. senator rubio debated last night, what were the takeaways from that? >> hey, good morning, brother. when you audiocassette with the folks here -- talk with the folks here, they say there may have been some petty attacks, but it doesn't seem like they were taking issues seriously. the number one issue is inflation. and apparently they're making a mockery of the american people on the debate stage when they're talking about these issues. crime is another big issue. a problem with her flip-flopping. how do you become a police chief and then turn your back on law enforcement? if i talked to one guy, eighth generation farmer. they're getting ready to shut down the farm just because they can't take the it anymore. they said they've got great success from the last administration, but now they're getting hammered. talking to this restaurant

owner, the prices of his goods have gone up from 30-50%. and those are average americans that are telling you they want the administration to take it seriously, or they're going to change their vote in the next election. as a matter of fact, stu, i want to talk to this gentleman right here. you are worried with about the economic engine of this country. >> yes. thank you, lawrence. it's just a big concern. as we've seen in the last two behalf years, especially the economic engine has had such a stranglehold with regulations that people just can't operate, and it's pretty much shut 'em down. i work for a large corporation in the security business, and we have customers that tell us they love our service, but they have to pull back. and there's cuts they have to make. you have people making cuts where theyment can't go to the grocery store and feed their families, they can't afford security for their businesses, their homes, and that's a big risk. >> reporter: thank you very

much. this is a swing state, but when you look at the polling, ron desantis is up 7 points as well as mario rubio. i don't think these voters are swinging any ware. back to you, brother. stuart: okay, brother, thanks very much, indeed. lawrence jones. "the view"'s joy behar attacked or seemed like she was attacking voters for prioritizing economic concerns. roll it. >> the republican party is happy to let corporations never pay another tax for the rest of their days -- >> yeah. >> they will cut social security. they're going to cut lunches for children. they are not going to help you. so why would you vote for them? and yet i see that it's very close, that people are not understanding what the stakes are. and i find it, i find it sad and depressing. stuart: we don't understand what the stakes are. we're so foolish. [laughter] it's laughable, todd piro. >> she demonstrates a fundamental misunderstanding of the economy. jersey todd's response, she's a

freaking idiot. [laughter] she really is. that whole show is the dumbest show on television. how will republicans fix the economy oh, i don't know, maybe by bringing back drilling which will bring back gas and oil production which will allow our economy to recover. she says republicans voted against giving you money. that's the fundamental problem with the left, they think government's main role is to give you money? that's not government's main role. giving more money is what put us in this inflationary mess in the first place, and it's the reason every american is suffering. it's sad, the stuff that that show spews into the ether, and some people believe it. it's scary, because those people that watch that show can vote in three weeks. stuart: it's so much fun to go back to the well, isn't it? they're always coming up with some kind of stuff like this. >> it's the great for tv, it's bad for our country. stuart: but it's good to see it. if that's what people really do think, corporations don't have to pay any money forever, social security's going to get attacked, people need to see that because it is so ridiculous

are. >> barbara walters, if she were dead, would be rolling over in her grave. i believe that barbara is still alive. the show that she created, down the tubes. stuart: we're going to end it there -- >> i killed barbara walters in the paris 10 minutes. >> it's only the first 10 minutes. >> i should hold back. stuart: long way to go. red ink, down 170 on the dow, down 85 on the nasdaq. coming up, speaker pelosi responded to democrat congresswoman alicia slot kin's call for new leadership. let's just say pelosi does not agree. kevin mccarthy says if republicans take back the house, they will end the democrats' spending spree. that might mean a government shutdown. we okay with that? congressman byron donalds next. ♪ finish one way or another, i'm gonna if find you, i'm gonna get you, get you, get you, get you

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♪ ♪ good day sunshine. stuart: any day you want to play the beatles is a good day, as far as i'm concerned. you're looking at naples, florida, post-hurricane ian. don't see any records there, bun the road there's quite a bit. you like the music we play, follow us on spotify. search "varney & company" or scan that qr code right there. futures, two days of strong rally, now we've got the morning looking down 150 for the dow industrials. democrat congresswoman alicia slot kin calls for new blood in the democrat party. what does speaker pelosi, 80

years old, i believe, say to that? >> on another network, listen. >> yes, we need generational change. of course we do. but in some cases, there's no substitute for experience, and i think that what we have been through9 with the legislation under the leadership of president biden whos has done a spectacular job, he's had a better two years than most presidents that you can name certainly in the recent generations. stuart: spectacular job. >> all this after slotkin called for new leadership in her party and across government. pelosi claiming joe joe biden had a better first two years than most presidents. i call into question, bill clinton, a member of her party who i think did a much better job each though you may not love bill clinton. but all this comes back to her notion of just win, baby. she doesn't care if you have to throw the her under the bus as long as you win. she likes you as a candidate. and that goes to her ability as a ruthless politician. stuart: how many people really think that this president,

president biden, has turned in a spectacular performance? >> i don't think she does, but she has to say it -- stuart: it's politics. that is politics. thank you, todd. house minority leader, kevin mccarthy, he says he's going to curb government spending if republicans take back control of the house. he's not afraid to uses use the debt ceiling debate. congressman byron donnells with us this morning. congressman, are you prepared for a government shutdown in order to cut spending? >> i'm prepared for a government shutdown in order to get our country back on track. the government is not working for anybody right now. it's actually created the massive inflation which is crippening -- crippling americans. we have a southern border that wide open. the government's paying for that. we have woke ideology in our military. recruitment cute is down significantly. we're funding that as well. so if it means you have to stop the government from running it day-to-day operations so that we can actually fix the systemic

and fundamental issues that are facing the american people, then so be it. that is what must be done, because america must be on track. the country must survive going forward. the principal government, if it -- the federal government, if it has to stop working for a couple of weeks, so be it. stuart: would republicans get the blame for this, and are you prepared to take the political reaction to it? >> i'm prepared to take all of the success that comes from getting the country back on track. like i i just said, if we secure the southern border, it takes a government shutdown to do the it, i'll take full responsibility for that because fentanyl is killing people in our cities no matter what your race, no matter what your politics are. it is indiscriminate. so if we're going to say that shutting the government down leads to stopping fentanyl from coming across our border in the rapid amounts it is because of joe biden's reckless policies, i will take all of the responsibility for that. stuart: congressman, here in new york we're hearing reports that

home buyers are going to florida trying to buy real estate that was damaged during hurricane each. is that a good thing, do you think? -- can hurricane ian. >> i don't really want to say if it's a good or a bad thing. it's definitely happening, no tout about it. we do have some people who are trying to pick up parcels of land sight unseen, trying to undercut some borrowers -- i mean, some owners who might be distressed because of the storm situation here. but this is a functionality of real estate markets. there are going to be owners who are going to make decisions about will they want to rebuild or not. i want everybody to rebuild, but that's an individual decision. if somebody comes from out of the area to buy that distressed real estate, that's a function of getting the local economy and our local real estate market back on track. stuart: how's the recovery going? i mean, are the people still without power? are there still people who cannot get back to their homes? i mean, how's it going? >> we have a handful -- we still

have pockets of resident cans that don't have power, but where we're at right now is you have literalling sections of the electric grid that have to be rebuilt. i'm talking about transformers, utility poles have to be put back where they were. they're rebuilding a lot of that stuff. that's where people don't have power. if the electric grid was largely intact, power has basically restored. we're well over9 95%, but we do have pockets where they have to rebuild those systems. stuart: in the coming election, governor de. sanities will sink or swim fending on how the recovery effort is going. in your judgment, how is it going? fort myers, naples, that's what you represent. how's it going? >> the recovery process is going about as well as it can go considering the devastation that we have taken. governor desantis the has been an exemplary leader during this time for our state and for southwest florida, and we've seen it from everything from the

bridge being rebuilt in three days when people said it would take five months, the sanibel causeway was just reopen for emergency use only. it's going to be open for residents in if a come of -- couple of days. they said it would take a year, it happened in 20 years. we've been able to restore power in most of our area. his leadership speaks for itself. the recovery is on the way, but it's going to take a lot of time to get back to the way it was because of of the devastation of this storm. when it comes to his re-election, this is not going to be a sink here in florida. governor desantis is going to swim, he's going to swim big because he's been america's governor and, to be perfectly blunt, charlie crist is has-been politician, it's time for him to go. stuart: i'll leave it right there. congressman if donalds, see you soon. governor desantis handed out checks to first responders. >> $1,000 recognition payments to first responders impacted by

hurricane ian, acknowledging these first responders have been working day and night. these recognition payment checks were actually mailed prior to hurricane ian, however, they were unable to be delivered to the impacted area, so he's actually serving as -- what's going on? stuart: i'm just laughing, we speeded up the tape. >> we're going to get all -- playing mailman, and he's doing it quickly. stuart: he certainly is -- >> i look over, see you cracking up, do i have food on my face? stuart: it's first time i've seen speeded-up video -- >> since benny hill. [laughter] stuart: check futures. still some red. not that bad. the opening bell is next. ♪ ♪

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stuart: futures, still some red ink but not that bad. shah gilani's with us. hey, shah, we've had a two-day rally. is that enough to get you buying again or not? >> no, stuart, it's not. i'd like to see some momentum, like to see some value forward

into at least the end of this week. if we get that, yes, it's maybe time to look at some positions and step in gingerly, but i don't know based on the actions this morning and based on what's been happening mechanically in the market that we're going to see it. that's got nervous investors staying on the sidelines. until we see that, until we see sideline money coming in and then the market going higher and then other investors look around with fomo, fear of missing out, climbing back in, we're not going to go anywhere. stuart: i've looked at the earnings reports we've seen so far. 10% of the s&p 500 have already reported. 70% of those companies beat their earnings expectations. that's a pretty good report card, isn't it? >> it's a decent report card, stuart, but the typical story is an a lists lower their consensus estimates going into a reporting period as they did here.

at the end of the second quarter, estimates were for 10% growth across s&p 500 earnings. then that got lowered to, right before earnings started, about 1.7% growth. so it's pretty easy when you've lowered the bar, when analysts lower the bar to beat. investors have to look through what is the top-line growth, is there really top-line growth, and where is that coming from? is it coming from appreciation in terms of the prices that they're charging? are they able to maintain their margins? investors are having to do a lot more homework than in the past. stuart: okay. which comes first, capitulation selloff or a rip your face off rally? [laughter] >> wow, that's a tough question. i think probably a rip your face off rally only because with everyone is looking for a capitulation bottom to go in, myself included. all of us who were thinking, well, at some point -- moment there's going to be a flushing out, the market's going to tumble 5, 10, 15% and, bam,

that's the time to load up the truck, that doesn't often happen when there's so much money to on the sidelines that might come in on any good news, maybe a cpi print with a handle of 7 or 6 would get investors off the sidelines, maybe the fed will peak raising will happen at the end of this year and then the expectations are for normal rates, before anybody sees capitulation, we'll have a rip your face off rally. it's just the point of the egg and and the chicken -- [laughter] stuart: i see you've got your sweater on, i guess fall has arrived. >> it has. stuart: thanks, shah, we'll see you again soon. it's cold when i walked in. it was about 40 degrees and the wind was blowing. it was cold. the opening bell, as you can hear, is ring aring, and in -- ringing, and in lee seconds -- three seconds, here we go. we're down, what, 100 points for the dow. about a third of 1% maybe.

i do see some winners. they're not all opened yet. give them a little time. a few winners. disney's back to $100 a shareful we'll keep you in touch with the dow 30. as for the s&p 500, down a half percentage point. the nasdaq composite down three-quarters of 1%. now show me big tech. mixed picture. meta is up 45 cents. microsoft, alpa bent, apple, amazon all down. gotta start with netflix though because it's on a real tear today, up 10%. but it's down 60%, the stock, that is, since the start of the year. are you prepared to say, susan, that this is the beginning of a turn-around? susan: i'm going to listen to netflix and reed hastings, the founder/ceo is pretty smart. he says the worst of the slowdown is behind them. and i counted at least 15 price target hikes from wall street, so it looks like they have buy-in from wall street. jpmorgan going for a full upgrade calling it an

overweight, it's a buy, in their view. their advertising tier start ising on november if 3rd, 6.99, 4-5 minutes of ads per hour. they're keeping their binge model. and that's a model that they've pioneered, obvious, and they're keeping -- despite a week to week release might be better to maximize advertising sales with that -- when that ad tier starts. analysts say it will bring on 7.7 million new subs, $200 million in advertising revenue and, oh, by the way, cracking down on password sharing will start in 2023, stu. is so remember that. and the stock was at $700 back in january. stuart: yes. susan: did you know it was up 30% in the summertime the, one of the best performers on the nasdaq? stuart: and the low was 162. so it's come back $100. susan: they should have used their stock to -- stuart: you should get on the board of directors.

susan: i really should. why not? stuart: i see apple on my prompter. that means you've got some news on apple. here it is -- [laughter] cutting production of the iphone 14 +. susan: okay. that was one report from one supplier, according to the information they're saying that the large screen, regular iphone will halt production to two weeks after it started shipping. wall street had a closer look at this and said, nah, look, after that knee-jerk reaction during the regular session when you saw a selloff and almost 3% rally yesterday, apple was up 2% in the after hours because that was just one report. however, if you look at the 10-year treasury, the highest since 2008. so that 14-year run of almost zero interest rates is pretty much done. and, by way, that's heading into apple earnings next thursday where people say if you have, say, the regular iphone's not selling as well as the pro model, that actually could be

good given their the selling margins at a higher price means that they make more per phone. stuart: there's your 10-year treasury yield, left-hand. united airlines, they've been on a tear recently, on a tear today, up another 5%. hay must be getting strong holiday bookings. susan: travel's booming, echoed again after delta and american said the same thing, and especially strong heading into the holidays. unit sales were up by a quarter if from pre-covid levels, so they're doing even better than 2019. same thing for the holiday sales. and that's despite higher jet fuel costs, and united here also putting in an interesting note. they're saying remote workers are fueling this travel boom. stuart: cruisers doing can well, airlines doing well. somebody's got some money, and they're spending it on travel. susan: and value plays doing well on travel with higher interest rates. stuart: tesla reports after the bell this afternoon -- susan: are you excited? i am. [laughter] stuart: you don't own a tesla,

do you? susan: well, i live in manhattan. we don't drive out here. however, i have driven a tesla out in california and orr places. amazing software. so we're going to get -- we already got delivery number, so that's slightly less than analyst estimates in the summertime, so we kind of know what we're going to get in terms of earnings. i think important to moment the pricing. tesla, can they raise prices enough to maybe offset the fact that they missed when it comes to record deliveries? i think the bottom line will be important, especially with austin and berlin coming online, and will he be on the earnings call? he said he's not going to be on all of them of. so far he has been. and i'm wondering if the analyst community is brave enough to ask him a question on twitter, because they haven't. i've listened to all these earnings calls since he bid for twitter. no one's asked the question despite the fact that he sold $15 billion in tesla stock to pay for that acquisition.

stuart: you're a big fan of apple ands tesla, i do believe. the companies, not the stock -- susan: they're fascinating companies. and also, by the way, some of the largest in the world. i think top five in the s&p 500. stuart: tell me about ibm, is it this afternoon or this morning? susan: this afternoon. boring is good once again in these bear markets. strong dollar effect and the loss of the russian business, how that's going to bite into the bottom line. stuart: can you define hybrid cloud in 10 seconds? susan: so it's part -- okay. i would say part of it's cloud work, part of it's traditional business enterprise software. stuart: that'll do. procter & gamble, extremely important company. they run the supermarkets of this great company -- susan: yeah. and the consumer pharmaceutical aisles as well. pricing power is key especially if you're buying a lot of pan teen shampoo and other consumer brands. they raised prices, but the problem is shrinking volume.

if volume sales are down, you need to make more per bottle of shampoo, which they're doing can. stuart: and the stock, apparently investors like it, it's up #.5%. susan: like everybody else, the strong dollar is having an impact and will going forward. stuart: the okay. 35 years ago today marks the crash, the crash of 1987. it was called black monday at the time. susan, i was on the air that day on another network, okay. you had to be very careful what you said because if you, oh, no, we're crashing, you're talking the market down. susan: yeah. well, back -- stuart: you weren't even born at that time. susan: the single big drop not by actual points drops since we mow we've seen 1,000-point drops, but what was it like especially amongst all that panic on that day? stuart: it was a panic. susan: when you lose a quarter of the stock market, that's something never been seen -- stuart: people weren't chucking themselves out of the window,

but they were very upset because they could have lost their shirts just like that -- susan: and do you remember what caused black monday? stuart: i've forgotten. [laughter] i'm out of time. they're killing me, gotta go. coming up, california will end the covid state of emergenc- [laughter] in february next year? what's taking the governor so long? rents in new york city surging so bad that minimum wage employees working more than 50 hours a week still can't afford or a one-bedroom. how many hours people need to work to afford one. barstool's dave portnoy took his complaint elon musk about twitter, and musk responded. portnoy is here with the inside scoop. ♪ ♪ ♪

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stuart: all right. the dow briefly turned positive. now it's gone negative again. i'll tell you why it turned positive, proctor and gambler -- procter & gamble, adding 50 points to the dow. got that. president biden will take 15 million barrels of oil out of the strategic petroleum are reserve. he made the announcement just ahead of the midterms. what's he trying to do with this? >> he claims it is all an effort to drive fuel prices down. obviously, there are many people who disagree and think this is all a political move. but the big takeaway, this leaves only 400 million barrels left in the strategic petroleum reserve, and they may not be done, stuart. the administration's also going to look into shipping out more

barrels in the new year, further depleting the reserve. a couple takeaways, one, why are we shipping some of this stuff to our adversaries, i.e., china. and secondarily, if only there was another way to keep these oil prices. oh, wait, there is. we could have been drilling the last two years, but the administration doesn't want to do that. stuart: todd, thanks very much, indeed. let's bring in dan eberhart, chief executive attica nary which is one of the largest oil field services companies in america -- the at canary. what's your judgment of taking 15 million barrels out of the reserve? >> i think it's a bad idea. we should be trying to increase the supply naturally via drilling. we can do do it in north dakota, texas, pennsylvania. why is the government getting involved many trying to push markets? i think it's completely unstrategic. stuart: it's political. he's trying to make a political move right before the midterms. tell me this, what are the

consequences? >> well, i think it gives us less oil that we can, if there's some kind of disaster with the middle east, that we can respond with. but the other thing that really worries me is the administration's going to have to refill this at some point, right? we're boeing to need 200 million barrels that the administration's going to have to buy. they're saying they're going to do it that when oil palls below $72. the government's going to be in the market competing to buy the same barrel. so, to me, it's completely unstrategic not to mention the whole time we've been doing this, china's adding to their strategic reserves. i think it's purely political. it wasn't meant to be weaponized for political reasons, hencest called the strategy -- hence it's called the strategic patrol petroleum reserve. completely short termism. stuart: the administration's gone on a bender. perhaps it has. now, you've written an op-ed

about opec+ pseudoing with the russians in the -- siding with the russians. why did opec+ side with the russians? >> well, first of all, i think you see the biden administration, their trip to saudi arabia just completely was for naught. the saudi arabians went the other way in siding with the russians, and i think they're looking at the market, they're looking at global inflation and looking at demand, and they're saying, hey, look, we want to keep prices relatively high. we don't want to help the biden administration, and we don't want to help america because they're not our ally and friend right now. and i think it's going to cost american consumers at the pump. stuart: look, if the world is headed towards a recession, europe for sure is, america probably is, i don't see that puts upward pressure on the price of oil, i think it puts downward pressure, doesn't it? >> absolutely. that's why they're wanting to take 2 million barrels a day of supply off the market to put a floor on the price of oil so they can keep their profits high or relatively high. stuart: are we going to drop

below $80 a barrel? >> i think we're likely to see it if the inflation keep raging and we continue to be in recession. i think we're going to see oil fall. but i think in the short term between -- in q4 oil's going to rise, i think it's going to fall in 023. stuart: dan, thank you very much. we will see you soon. britny griper -- brittney griner, she shared a message yesterday. it was her 3 32nd birthday. >> monday marks eight months since he was arrested in russia. like you mentioned, her 32nd birthday. thank you, everyone, for fighting so hard to to get me home. all the support and love are definitely helping me. as you know, she was in russia in february to compete during the wnba off season when russian authorities arrested her for having vape canisters with cannabis oil -- stuart: i think she's a hostage. leave it at that. thanks very much. don't forget to send in your friday feedback. e-mail your questions, comments,

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stuart: how about this one? ahead of the big holiday baking season, bakeries are getting squeezed because of the soaring price of ingredients like butter, for example. madison alworth is at a bakery in new york city. madison, how much has that bakery had to raise prices? >> reporter: stuart is, across the board they've had to raise prices by 30%. that's because many of their ingredients have gone up in cost but one in particular, a core baking inbreed cent skyrocketing. -- ingredient. on average food up 13% in cost, but butter, that is up 32% in price. and, obviously, a very big part

for a bakery, adding immensely to the cost. i'm here with the owner, jim. >> hi there. >> reporter: hi. you've increased prices, do you expect more? >> most likely, yes. everything is going to keep going up for the foreseeable future. >> reporter: you guys have a specialty christmas bread you make, tell me about that and what you expect to happen. >> we do it every holiday season, usually we're starting to produce it now, but we're a little bit behind. but we're expecting the cost of everything that goes into it has gone up in part because of the increase in the cost of fuel, in part because of, like, for example, we we buy citron imported from sicily, and because of shipping, it's gone up. i think shipping costs, from what i've been told by some shipping brokers have, importers have gone up 200-300% just on

shipping. which is crazy. but, you know, between the increase of the price of butter, which is part of the pantone, and the increase of some of specialty sources for this holiday bread that we make, yeah, we're definitely going to have to raise our prices. i think last year we were selling them at, like, clash 47, which i pelt was reasonable. we tried to keep the price down because at the end of the day we were kind of live manager that cloud of uncertainty that the last two years kind of gave everyone. >> reporter: so what are we thinking for this year price wise? >> probably pushing $60. >> reporter: okay, thank you so much. >> yeah. it takes -- it's a lot of inbreed cents, and it takes a long time to make. >> reporter: thank you, jim, i really appreciate it. so, obviously, this is a big bakery, but even the home bakers, you know, cost a lot. manager run, if you break that out of the butter category, up 34% in cost. this baking season's going to be

very, very expensive. stuart: that is dramatic stuff, madison. thank you very much, indeed. let me turn to susan and todd with me in the studio here. a 30% increase in prices in the last year for that bakery. that's a lot of money going out there. >> and it's sad because those are the activities that we with all like to do with our friends and family around the holiday season. and it's something that little kids can go -- do, big kids and and another thing that's been taken away -- stuart: it's not been taken awa- >> i interviewed somebody who said they're going to have to drastically, totally revamp their holiday preparations. i talked to her this morning oi -- on my show. stuart: that's fair enough. are you revamping your holiday -- susan: i'm not necessarily a baker, although i do appreciate the art. i did stop by for a treat the other day at one of the bakeries here. can you imagine paying $8 for a cupcake these days? stuart: what? just across the street there's a

fancy cupcake shop. >> magnolia. stuart: are you telling me it's $8 a cupcake? susan: there's one down the street, but they said because of the cost of eggs have soared, they have to charge more. stuart: you have to cut back a little -- [laughter] susan: are you saying that i need to maybe cut back on a few calories? >> i'm going to bake you some duncan hines, next time on the set you're going to get it -- eat it on air. stuart: thank you for joining us on the set. check the dow winners. big board, first of all. we're down just 23 points. that's not that bad. dow winners, there must be a few. put them on the screen. travelers, procter & gamble, chevron, disney just shy of $100 a share. s&p winners, netflix way up, 14% higher. now, that's a rally. and we have top of the nasdaq list, netflix again. intuitive the surgical up 11%.

i'll get it out there, don't worry. still ahead, liz peek, dave portnoy, charlie hurt and larry elder. the 10:00 hour is next. ♪ are you happy now. ♪ are you happy now? ♪

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