time for republicans to get tough on this. voters are connecting the dots between too much spending and inflation. >> i'm prepared for government shutdown to get our country on track. >> if you have to stop the government from running operation to fix systemic issues

facing the american people and so be it. >> we should increase the supply naturally via drilling. are they pushing market? >> see seven money coming in and market going higher and investors looking around and piling back and we won't go anywhere. >> people expect big bounce. i don't think we'll have as much juice as the ones in the past. ♪ >> good morning, it's 11:00 on the east coast and wednesday october 19. thirty-five years ago today october 19, 1987 the market crashed. market this morning mixed, not that much price movement after today's of solid grounds. nasdaq down 50.

big tech pretty much a mixed picture we have one waiter it's meta. apple, alphabet, amazon are done. it's a ten year treasury, interest rates steadily moving up, 4.09% on the ten year treasury. here it comes. winter of discontent, europe is feeling it, america is next. this is discontent. tens of thousands margin pairs, schools and trains shutdown, strikers demand higher wages. britain transfer work will shutdown next week and so did teachers. workers can't afford the energy they need. europe, energy prices are so high fauci's are preparing shutdowns. belgians prime minister says they face massive deindustrialization. no wonder there is unrest and

wait until the weather turns really cold. it's coming here, forecasting a recession, wages keeping pace and cost of heating your home is going nowhere but a. there will be political reaction, somebody will get the blame. it should be biden because it was his also feel about this ruling. it should be a climate product which will give an inch even in the most dire emergency. the for several years standard of living living in europe and america is falling, energy policy at the heart of it. winter doesn't start until wednesday december 21. third hour of varney starts now. ♪ ♪ charlie hurt joins me. what you think will be the reaction to the winter of discontent i believe is coming.

>> i think it will be swift and severe and i think joe biden and democrats will pay the price. it's incredible to purely man-made economic pandemic the terrible policies of the democrat party and joe biden in particular have set not just on america but the entire world and you listed the important ones. it starts with fossil fuel but the issue with inflation outstripping wages the way it is, you can't hide from it and most troubling for democrats and joe biden is the fact that every one of these problems can be traced to the promises and policies and rhetoric of joe biden and democrats in congress. it's not a hard squiggly line, it's direct line and they can't hide from it and they will pay a price and will be severe. i don't even think completely

appreciate how severe of a price they will pay in three weeks. stuart: moving on, alyssa calling for new blood among democrats. listen to speaker pelosi. >> yes we need generational change, of course but in some cases is no substitute for spirits and what we have been through with the legislation under the leadership of president biden who then a spectacular job, he's had a better two years the most presidents you can name certainly in recent generations. stuart: i knew you would be smiling. spectacular job. you want to take that on x. >> it's hard to wrap your brain around that but this issue of generational leadership is part of the problem at the democrats face in three weeks, you're talking about nancy pelosi,

chuck schumer to a lesser degree but they have been in washington for decades and joe biden's c case, 50 years. what we are going to today is the paradise they've been promising us for their entire political career and it's not working out well for people and they have no one else to blame but themselves so nancy pelosi has no choice but to say that. you know this when you talk to normal americans, democrats and independents and republicans obviously but put them aside for a minute, democrats and independents, this is not what they are looking for, not what they want. democrats have to feed their families and drive their families, their children to school and can't fill up the gas tank and look at their grocery

bill every week and they are gob smacked by what they see. it's not working out for anyone in this environment, especially adding on top of it the diluted sentiments from somebody like nancy pelosi saying is the best two years -- really? one person walking down the street agrees with that. stuart: i don't think i could find work. republicans will ask are you better off now than you were two years ago? asked question. good stuff. we will see you again stuff. back to the markets. mark, the man himself. monday and tuesday and a little today, is this fair market bounce going nowhere? >> the end of last week as well. these tend to be short-lived and you look at today it seems the euphoria is fizzling out and what you saw happen after that

disastrous inflation report last week because if you remember the knee-jerk reaction as futures plummeted we had a killer day, a killer couple of days so investors started to think maybe there will be regime change in washington and at the same time when you look at the betting odds republicans are favored to win both house and senate interview to get further and compare stocks to benefit from republican sweep versus a basket to benefit from the democratic sweep, there is massive outperformance so i think it is what we have seen happen, it's already tamed down. stuart: don't investors have to change expectations? with have a wonderful run for ten years, you can make double digit gains, we got to ratchet that down. >> since 2008 we've been living in this meditative easing era

and so transitioning. we've been able to spend and spend with no consequence whatsoever. now time to pay the bill and bring volatility, slowdown growth and investors expect most modest returns so investors need to understand the transition is not the end of the world but they do need to recalibrate much lower. stuart: if republicans do retake the senate and house, does that mean the market rises? >> i think we could see santa claus rally, short-lived though because i still think despite that happening the market would like checks and balances but despite that happening i still think we are looking at recession next year. stuart: what a shame. you said you would be honest and we like that. mark, we will see you.

ashley has headlines for us starting with uber, what you got? >> yes, they launched a new advertising division. customers will see ads pop up as they wait for their riser perhaps delivery to arrive in can't wait for that. we were things that can reach 1 billion in ad revenue by 2024 so that's a lot of money. faa wants to know what you think about the size of your airplane seat. agency considering safety standards including seat size, anyone in the public and sit submit a comment until november 1, i'd love to read the comments. you can soon buy weed at the gas station. circle k convenience stores in florida will sell cannabis next year end hope it will make marijuana more mainstream. customers will need special counsel to buy their weed, only

medical marijuana sales but stopped by the corner store and pick up weed and looker take. stuart: why not? thanks. a big problem in los angeles, libraries could soon handout anti- overdose treatments. china doubling down on their covid zero policy ramping up testing and building massive quarantine center and major financial hub in beijing a four-month high of new covid cases. russia imposed martial law in regions in ukraine. trey yingst reporting from ukraine next. ♪

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 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. putin announced martial law and for reasons of ukraine. trey yingst join us. tell us what's happening, are people evacuating? >> good morning, today vladimir putin announced martial law to be implement to across annexed territories legally taken last month. russian forces are continuing to fire on civilians. >> another rushing attack the body of ukrainian civilian lives in the streets. nearby flower shop owner alexander sweeps up pieces of his business. while russians probably get pleasure from this, alexander

says they get pleasure from us feeling that. here's the region where ukrainian troops are reportedly significant progress liberating new territory. russian installed leaders are banning civilians from entering the region and ask others to evacuate. all signs of battle ahead. russia resorted to using iranian made weapons and earning low on precision guided missiles. volodymyr zelenskyy says these are good signs for his country. we must remember the fact of russia's appeal to iran for such assistance is equivalent recognition of military political bankruptcy. today newly appointed russian general accused ukrainians of being directed by nato. >> the leadership of ukraine armed forces demanded kyiv regime carryout defenses with no

regard for casualties. >> russian forces target ukrainian capitol of kyiv with missiles and drones and most were shot down by air defense systems. stuart: thank you much indeed. rebecca joins me now, an excellent coverage of what's happening in ukraine for the past year. for annexed regions in ukraine, is this a new phase of the war? >> absolutely entering the new phase called strategic operation to defeat critical infrastructure of the adversary and a precursor step potentially to nuclear warfare, exactly w why. stuart: hold on a second, annexed for regions as of today and laid down martial law to make yes and i'll explain. stuart: his military is targeted infrastructure destroying water and power supplies.

you think it's a precursor going further to declaration of nuclear war? >> if he feels he needs to. the reason he annexed for territories illegally from ukraine is so he clears the path for the use of nuclear strikes because based on russian doctrine, it is allowed to defend russian territory with nuclear weapons. today putin gave three days to his government to come up with the solution on how to defend russian territory. he wants to have nuclear warfare in his back pocket if he needs to, he can't achieve what he's trying to strategic operation so we have firmly on the escalation path with russia unfortunately president biden's de-escalation

strategy is hope and change. biden hoped putin will pack up eggs and go but it's not going to change his behavior. we need to urgently take measures. stuart: what measures do you recommend president biden take on this threat? >> there needs to be an adult in the room right now. we had an adult during the cuban missile crisis, jfk who was sober minded individual, they sat down figured it out so president biden needs to grab zelenskyy and putin and get them to the table and start talking because putin will end the war because he has prepared for this for the past 20 years, he calibrated the strategy. stuart: but if we respond to this nuclear war from putin we end up pushing zelenskyy into

negotiated peace which leaves russian troops in ukraine, a win for putin. >> it doesn't mean -- we absolutely -- we cannot kyiv in because caving in signal to putin. stuart: but you do kyiv if you create peace with russian troops in ukraine. >> is the prerequisite you need to articulate to putin. these are our rules, this is your position. unfortunately, we have come to this situation because decrease our posture in europe. nato countries still don't have been fully from only eight countries out of 30 provide 2%. with germany the largest eco economy, not meeting the troop%, we telegraphed to putin that we are not going to have robust

deterrence posture we did during president reagan's time. that's when we developed star wars capability, the fbi. stuart: it's a kyiv. if you want to get zelenskyy and putin together to negotiate peace on the ground right now, your caving because you believe russian troops in ukraine. >> listen. right now, the alternative is this. today nato forces are running the nuclear trail, steadfast where we are flying nuclear capable b-52 over russia, 625 miles close to russian territory, these exercises overlap with russian exercises, russians are gearing up potentially to test nuclear powered cruise missile, a flying

turn over we are this close to nuclear war because they want war, neither putin nor biden want this because what they have shown is it escalates quickly but can come unintentionally due to miscalculation because of what happened in 1983, not many know that, everybody feels the missile crisis on the brink of nuclear war, that was 1983. operation evil danger and we will have a piece coming out on that, people need to be aware how putin thinks and we violated the first principle of warfare. know your adversary and you will win 1000 battles did right now they have no idea what putin is doing and how he calibrated strategy. stuart: i will take issue on another day. thank you for joining us.

covid cases climbing china. beijing, four-month high new cases reported but tell us what they are doing in shanghai. >> building massive isolation facility, reports say it about house thousands of people, the facility will be constructed on an area covering about 35 acres on an island east of shanghai's business district when it's finished, it will have 3,002,150 beds. you may remember shanghai endured a two month shut down earlier this year end despite random lockdowns repeated testing, they are dealing with covid flareups. xi jinping defended zero tolerance approach saying the policy save lives but never mentioned economic toll in public anger that followed and embarrassingly, as he spoke in the party of congress in

beijing, they've jumped to the highest level and four months. stuart: and that's a big deal. thank you. back to the markets. the dow is up 50 points, nasdaq is down 30. not much price movement. voters in atlanta sounding off about the number one issue. >> honestly, the economy. my money is everything. abortion is imperative. stuart: more where that came from. midterms are 20 days away. cadillac unveiled upgraded escalade, the most powerful engine in history but that much power doesn't come cheap. his the escalade five next. ♪

♪ stuart: it's upbeat, a new york mood. not sure what new york mood is. that's sixth avenue new york

city. people are getting back to work gradually. a new report shows office buildings in the city, just 48% build last week but that the highest rates at the start of the pandemic, certainly half full. >> the last three or four years we've been -- [laughter] hard workers. stuart: susan is here, the dow is up -- okay. what's going on? >> netflix on pace for just best percentage taking since january 2021. fifteen wall street price hikes this money, of grace from jp morgan, 330350 for the stock. that's because the surprise at doubling to 2.41 million new subscribers in the summer and for the half-million this fall.

they pointed at competitors spending 10 billion in losses to try to become -- compete with netflix but if you look at streaming, there's a sigh of relief across the board. walt disney up 2% right now and warner bros. discovery and the rest, some say netflix was the pioneer of this industry and the addict here is coming november 3, the benchmark releasing all episodes at once which doesn't make sense in the advertising world but they are sticking to it. stuart: streaming thought to be on the decline, netflix says no, it's not. >> it's all about netflix, the reason you have warner bros. spending billions to keep up. stuart: how about oil companies? the president will release 15 million barrels of oil from strategic petroleum reserve, what about oil?

>> oil services companies. stuart: try to get the price of oil down and the oil companies are going up. >> think about oil prices, they are up today. why is that? stuart: 15 million barrels is useless. >> also important to note if you draw down as pr and you have heard this, if you join it also fans inflation with less buffer bring down the prices so oil stocks are going up today. stuart: tesla report. >> i think it will be a big report card, we will see if elon musk will be on, so far he has been i want one tesla analyst brave enough to ask him about twitter 15 billion worth of tesla stock this year to pay for the 44 billion transaction. he still has 3 billion two cell, obviously price pressure on

tesla stock if you have more supply in the market for business itself, it's about price margins given we got delivery numbers of 344,000. they need to have a huge back half of this year to get to the 1.4 million. stuart: tell us tomorrow morning. leaders over there scrambling to find ways to keep the heat on this winter. what are the solutions they are coming up with? >> the most significant proposal is gas price kat. not the immediate kat some european countries wanted but more of a last resort triggered if natural gas hits a certain price. no word on what that price would be from european union leaders with a plan to encourage companies to pull their needs and biogas together so they have more purchasing power and they are working on a way to share

gas across borders if some countries run short. in addition to home heating crisis, high energy costs hit businesses across all sorts of industries, the latest to feel the pinch is the fashion industry. wall street journal reports production costs for brands like gucci has risen as much as 25%. small suppliers for german automakers like volkswagen and mercedes are facing tenfold hikes and energy cost. small suppliers threaten to raise prices to the big automakers. ikea instruction manual for dealing with my material and transportation costs calls for higher prices. a report found the swedish diy furniture giant increased prices by 25 -- 80% and finally, maybe worst of all is beer production is in jeopardy because carbon

dioxide shortage, carbon dioxide is a byproduct of burning fossil fuel. stuart: that as of two winter of discontent, it really does. good stuff. this is the new 2023 cadillac escalade, the most powerful cadillac ever. what makes the car so powerful? >> i realized i been coming here 15 years, testing cars, never one like this, super charged engine, 682-horsepower, the most powerful ever, launch control and hit the break and gas and they go and send this to 60 miles an hour important have seconds. also strong breaks and computer control air suspension to improve handling and ride quality. pretty much the most ridiculous

luxury suv, no one needs something like this but people want them. they are moving through dealers as quickly as cadillac can get them there, 150,000 a pop. a lot of people pay tens of thousands of dollars to get there hands on one. one was auctioned, used for 180 grand, 30 grams more than the list price. different from the $300,000 electric cadillac coming next year but after that, they will have an electric version of the escalade so i sometime the two worlds will provide but right now there's market for good old-fashioned muscle trucks. stuart: $150,000 for the when you are driving now and they're coming out with $300,000 cadillac next year, 300,000. that's all electric, right? >> all electric car, every

single one of them with the unique taylor to the buyers designs. that one has 600-horsepower, so powerful but interesting to see what the escalade looks like. escalade iq cannot quite as unique but along those lines. it will come out probably in another two years. stuart: if you do get to test drive the $300,000 cadillac, you've got to bring me because i'd like to get in one to see how fast it can go from zero to 60, i think i'd be impressed. keep on trucking and we'll see you later. sixteen years worth of emissions and cuts you raised in california, nothing to do with gas powered cars. fentanyl doses killed 70000 people in 12 months.

the epicenter of the drug crisis in san francisco adding, acts are complaining nothing is done to help them get clean. lauren is there with the report, next. ♪

♪ stuart: only 48 degrees. we're showing you that because fox news digital spoke to voters in the atlanta about concerns for the coming election. what's the report? one of their concerns? >> the voters in the city seem to have opinions whether

abortion access or the economy has bigger influence on how they will actually cast their ballots in the midterm elections. >> personally abortion. >> same. >> honestly, economy. our money is everything, money makes the world go round. >> cost of living is crazy. i think the bigger issue for me you would be supporting themselves and having that choice. >> my stance on abortion is your body but i understand where everyone is coming from. >> things that matter majorly probably or generally, the economy. stuart: i think the economy one out. according to the latest fox news poll, nearly 90% russian voters were extremely or very concerned about inflation. more than any other issue, abortion policy ranked number six and 71%, not even the top five. stuart: fentanyl killing tens of

thousands every year, 70000 so far this year. the epicenter san francisco. you are in a different location earlier but you have to move for your own safety? >> in the heart of the tenderloin district, the open air drug market and did not think it would be safe to bring fancy lights and expensive equipment to the district. often you see crime to fund fentanyl addiction killing people in the area, 50 to 55 a month. americans dying so let's show you the video from yesterday, we went deep inside block by block and you see users strong out littering the streets as moms and children, baby carriages are pushed. it's unbelievable. i can still smell what i smelled in the district. what is that the pope the preventive health doing? is called harm reduction so they give out narcan, three drug

paraphernalia like pipes and syringes and hope everything will be okay but it's not. it's just making the crisis worse, enabling users and why the biggest critics say progressive politics are not working anymore. >> i'm not afraid of retal retaliation, it's a business, not personal to them. i'm more afraid of the woke mob, many of the far left folks at the criminal justice, board of supervisors 11 members, at least for a democratic socialist that don't believe in any criminal justice approach to the drug crisis on the street despite the fact 55 people die every month, refuse to admit criminal justice response is required as part of the solution. >> it's very easy to be a drug user and drug dealer in parts of san francisco. we saw essentially every two

hours users open this piece of tinfoil and a dealer would give them a bag or power, is $7 a dose and they do it multiple times a day all day. they get government checks to fund their drug use for half the month and resort to the crime which is what we saw it's branched out to this part where i am, the good areas to fund their use for the other half of the month and it's rinse, wash and repeat because it's so difficult to arrest and convict the drug dealers. stuart: what the situation. great report. thank you, good stuff. to the market, 30 cents off the market, even split right there. the market is virtually unchanged, the dow down three points, that's it. california will finally end their covid state of emergency. next february.

why they waiting so long? larry elder takes that on, next. ♪

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 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.

california wildfires in 2021 years of emissions and cuts, all the fires and smoke, how much damage are we talking? >> according to a new ucla study, carbon pollution in california wiped out 16 years of the state's greenhouse gas emission cuts, fires burned or .2 million killed dozens of people and destroyed thousands of homes, said he says fires released roughly 127 million megatons of greenhouse gas emissions, twice of california's emission cuts from 2003 to 2019 but some researchers disagree with the premise sink also fuel emissions and wildfire emissions are different. they say also fuel emissions

stay in the atmosphere thousands of years while wildfire emissions are eventually reabsorbed by vegetative growth somewhere on the planet. stuart: good to know. california announced they will end state of emergency, covid state of emergency let us but they won't until next february. the judgment on the right hand side of the screen is larry elder, why the delay until february? >> iran for governor, i was hammered by suggesting the state of emergency was too broad state too long and i was considered anti- vaccine. growing recognition there are unanticipated that consequences to lockdowns both for businesses and schools, kids lost a year of education and scores were already near the bottom, third of restaurant owners are gone forever, suicides are up, homicides are up, opioid addiction is up, overdose deaths

are up, domestic violence are up. stuart: why the delay? why? >> why did gavin newsom sit at the french laundry restaurant people . stuart: it's a serious question, the governor of california refuses to end state of emergency until february and i want to know why. >> he's ignoring the signs for people on the left do. stuart: wait, what's in it for him? if you extended until february next year, what does he get out of it? >> the majority of people in california support him, los angeles times support him, they all panic and belief it's necessary to put mandates, when i argued young people not likely to get sick or hospitalized, cnn interviewed me for a half-hour and claimed that and said the cdc said i was wrong so you have conflict between people like

gavin newsom and other states like long dissenters who approached this very differently you tell me why, it seems these lockdowns were about idea and down the road we will find out it's one of the most serious mistakes ever for medical crisis in human history. stuart: i agree with that. the drug crisis, public libraries in los angeles county could soon supply anti- overdose drug, narcan. libraries? >> same thing, your encouraging the behavior getting them involved. another outrage gavin newsom and super majority left-wing legislature in california have been doing. i could go down the line of the things they have been doing which is why i read in hopes might be a change. crime is up and people are leaving california and los angeles, the school system is a wreck and still they vote for

the same people all the time. you tell me, i don't know. stuart: a quick question about the l.a. city council in an uproar, it seems it's about identity politics. people are elected in los angeles not for what they can do but for who they are and it's not working. are you with me? >> absolutely, the suit city council is one independent and three city council leaders, latino talking about how they can increase latino power using racist anguish, antiblack and antiwhite language, homophobic language and never one word about crime, homelessness, fact that people are leaving california for the first time. they are about holding onto their own power, three black councilmembers and all are in districts majority hispanic or largely hispanic and not something diversity inclusion equity folks like.

apparently hispanic voters voting for black leaders hispanic leaders don't like t that. stuart: i'm exasperated but we've got to leave there. hope to see you again. a trivia question, movie week so watch this clip from forest g gump. >> they put me on a thing called the all-american team. you get to meet the president of the united states. >> how does it feel to be all-american? >> i believe he said he had to go pee. stuart: the question is, i'm not sure what that could men's but how many doctor peppers did force, drink? thirteen, 14, 15 or 16? not a better person but intriguing. we'll be back. ♪

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stuart: all right. how many dr. peppers did "forrest gump" drink? ashley, you're first up. >> no idea. i will go with 14, number two. stuart: i will go with 13. how could you drink possibly more nan that. 15. i don't think that is something you can look up. thanks for all the help, ashley. my time is up. neil cavuto, it is yours. neil: stuart, thank you very much. we're up about 11 points right now. oil in and out of positive territory here. the focus today of course is what the