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>> we need more supply in the global market mace to keep energy prices low. look, this administration's federal leasing policies, for example, are abysmal. they campaigned on shutting down production on federal lands, and they're effectively doing it. >> i do not believe we have yet seen the bottom with. we could get some lift here maybe by the end of the year, but i'm certainly looking first quarter to have a nice if rebound. >> the likes of apple, amazon and i think microsoft as well. i think it's important in terms of what i view as a barometer for seeing green screens in tech. overall, we're seeing enterprise holding up. >> enjoy this rally up. i think it lasts a but weeks. after that, i'm not so shower. -- sure. ♪ well, shake it up, baby, now. ♪ twist and shout ♪ stuart: i'm singing to twist and shout. please, do not show minnesota -- me on camera dancing to it. you never wanted to hear that

when your parents were in the room. because that was kind of extreme back in 1963. it is 11:00 in the morning, and it is october the 20th, thursday. look at those markets go. the dow's up 320. the nasdaq's up 144. show me big tech. should be doing pretty well morning. yes, they are. amazon, 2.5% up. 2% for alphabet, 2% for meta. 1.5% for microsoft and just over 1% for apple at 145. here's the kicker, the so is -- 10-year treasury yield moving up again, 4.15%. all right, folks, now this. it's a return to the basement strategy. the elections are just days away. the democrats are in bad shape, but the president will not campaign like his predecessors did. obama held 16 mass rallies in october 2010 with. trump held 26 in october 2018. biden's not boeing to do it. he's keeping -- going to do it.

he's keeping a much lower profile. today in pennsylvania the president meets john fetterman, but it will be a closed-door reception with very limited exposure to those pesky reporters. that cupid of campaigning has been left to former president obama who goes to atlanta, milwaukee, las vegas and detroit right before the election. bernie sanders plans 19 events in 8 statements, butted biden's handlers are shielding him. he may not have the stamina to do it. he may not have the focus to get through public appearances without a big gaffe. and besides, there are a lot of democrat candidates who don't want to be seen with the president when his approval rating is tanking. that's why there's a return to the basement strategy which biden used in the 2020 election. it worked then. the media gave him a pass. and by staying quiet, he avoided the stumbles that have plagued him ever since. but time around he's the president, and the basement is no place for a president to be. third hour of "varney" starts

right now. ♪ ♪ stuart: jason chaffetz, the gentleman on the right-hand side of your with screen, joins me now. biden's gone back to the basement. it worked in 2020. do you think it works this time? >> i think it's their only option at this point, stuart. i don't know that it's so much that his handlers are trying to hide him as much as it is no democrat running for office wants to be seen with the guy. i mean, and kamala harris is going to be absolutely absent as well. she's nowhere. i don't think they can draw a crowd to save their lives. he's gaffe-prone, and he doesn't even pronounce the names of the candidates right, forgets who he's campaigning for. and in the case of john fetterman, i mean, how can the president of the united states, a guy running for the senate have just a closed-door reception when you're literally,

you have early voting that's beginning? and so that, that tells you his failing policies, he's gaffe-prone, he personifies weakness. there's a reason why, yeah, stick him in the basement. that's the best place for him. [laughter] stuart: jason, i'm seeing democrats make some big reversals on policy ahead of the my terms. j.b. pritzker, democrat of illinois, governor, he's now in favor of school choice. four years ago he wanted to kill it. do you think these last minute reversals will make any difference at all in november? >> well, hope any, voters are smart enough to see these people are just being chameleons. they're reading the polling. they're looking at immigration, inflation, energy, crime, all of these issues. hay, their policies -- democrats have the house, the senate and the presidency, they're failing. mark kelly is running ads, i was many arizona, running ads saying he stands up to joe biden, he's tough on the border. that is an absolute, total,

complete fiction. it is a lie, and that's why i think people like him, mark kelly, are going to lose. because they're telling lyings. heir not telling the truth. they're not telling the truth. stuart stuart i see the polls shifting very much in pare of republicans. do you think the republicans are going to retake the house and the senate? >> i do. there's never been a better opportunity because heir on the right side of the issues. if they can just keep talking about the issues, laying out their plan and saying, hey, if you want results, you're going to have to elect different people, then i think they're going to be just fine. it's the best opportunity they've had in a long, long time to take both houses. stuart: i see bernie bernie sanders going to 8 states and making 19 appearances at major events. he's trying to spread socialism around the cub. i do -- the country. i do hope that his message falls flat. would you like to join me in that? [laughter] >> yeah. his policies are bad for america.

and, by the way, bernie sanders said joe biden would be the most progressive president in america, and thus far he pretty much has. he's kind of an entertaining personality but, boy, his policies are the wrong prescription for the united states of america. stuart: you know, if the republicans retake the senate, the senate budget committee will no longer be chaired by a socialist. and i think we should hold a party for that. finish. >> isn't that amazing? he's the budget chairman for the united states of america. [laughter] oh, my gosh. you wonder why we're $31 trillion in debt. [laughter] stuart: let's change a few things. hey, jason, you're all right. thanks for joining us. see you again real soon. >> thanks, stuart. stuart: back to the markets. why not? dow's up 300, nasdaq's up 135. i think this is because of the poor performance of the single-fam ily home sales -- family home sales. 4.7 million per year right now, and that's a very low number. weakness in housing, maybe good

news for the market. i'm not sure. let's bring in adam johnson, he follows these things. i want to talk about interest rates. i've seen the rate on the 10-year treasury, i think it's 4.15 this morning, and the 2-year treasury, i think that's well above $4.5% -- 4.5%. >> there it is. stuart: do you think we're near a top? >> i do. and that- year is really important, and i'll tell you why. the fed fund futures market in chicago is telling us that the collective wisdom of the bond market is that the fed is going to be done raising rates probably march, maybe april of next year at 4.65%. versus about 3.75 now. so the 2-year has gone right up to where that fed funds number is, and that's why i think we're getting close. and you hit on one of the reasons. housing and money supply. it's really important for people to understand, stuart, that when we look at cpi, the consumer price index which is, you know, how we measure inflation, 42% of

that is from housing. stuart: 42 %. >> 42% is housing. stuart: and that includes rent, i think. >> correct. if you to rented out the house that you own, what would you get for income. and what we found last month was the first decline in home prices since 2018. so what happens is when the fed raises rates, eventually it percolates through to housing. but there's typically about a one-year delay. well, they started raising rates six months ago, and we with just decline. it's operating with a delay, and that's why i'm optimistic over the next several months we'll see cpi come down. housing is just starting to reflect the effect of higher rates. it's really important to understand that. stuart: so follow the 2-year treasury yield, currently at 4.55%. >> right. stuart: if it goes to 4.6% or just above that, that's meted fed's target rate, has it in.

>> for now. and it's important to say that can change if a month from now we find that cpi increased again, that could change. but because what's happening in the housing market, new home sales down, traffic to see new homes down, mortgage applications down, actual home prices down, listing prices down. you see what i mean? it's starting to turn, and then the other important thing i think our viewers need to listen to or be aware of, and it's a little quirky but it's important, stuart, and that is cpi inflation always follows money supply. which makes sense. if there's more money out there, you're pushing prices up. well, the money supply was growing 27% last year. the fed, government was flooding world with money, right in to help get people9 out of covid. it was growing 27% last year, right now it's only growing 4%. so as you slow the growth of money supply, by definition lesses money out there, you're going to tend to have less price pressure. add to that what's happening in housing, and i think we're setting the stage for a peak in

cpi. a peak in c cpi means a peak in rates. that's good for stocks. stuart: very positive outlook there. >> well, you know me. i also try to be reasonable and realistic. it's been a hard year. a lot of my names are down, so of course i want them to come back up -- stuart: you've made a good case. >> thank you. it's grounded in data and numbers. stuart: adam johnson, we appreciate it. >> thank you, stuart. stuart: liz truss has resign after just 44 days in office. ashley, am i right there's some speculation that johnson, boris johnson, might come back? ashley: yes, there is. britain's becoming a bit like italy, isn't it? [laughter] liz truss vowed -- and apologies to the italianings. liz truss vowed just yesterday that she was a fighter, not a quitter. today, under enormous pressuring she quit. as you say, she lasted just 44 days, the shortest term for a

british prime minister in history after winning a contest to replace boris johnson who resigned over the summer following an ethics scandal. incredibly johnson, yes, is reportedly preparing to run again for the p.m. job, and a petition has been circulating among conservatives to bring boris back. truss' short stay at number 10 has been marked by fiscal fiasco; hostile opposition from within her own party over her proposal to cut taxes on the wealthy while raising corporate taxes which sent financial markets into fur moil. it was a mess. but whoever takeses over will have to stabilize a torrey party in disarray. the opposition labour party is licking its chops and calling for a general election immediately, something the conservatives don't want. and, stu, did you see this? this is typically british. last month a british newspaper wanted to see if a head of lettuce could outlast truss' time in office. guess who won?

the lettuce. it has more shelf time than liz truss' tenure. they are brutal in britain, they really are. stuart: i was just going to say that. man, that's nasty stuff. a head of lettuce. thanks, ash. i promise we'll be back to you. [laughter] china may still be able to spy on tiktok users end even though the white house makes a new security deal. one senator says china's surveillance capabilities should, quote, scare the dickennens out of all of us. stacey abrams thinks abortion could be the answer to inflation. she claims having children is the reason people are worried about money. yeah, we're all over that. football tareq hill gave a relatable answer about why he didn't join the new york jets. roll tape. >> how close was that to happening? >> it was very close, man, but it's just those state taxes, man. i realized i had to make a grown-up decision. [laughter]

stuart: a straightforward, honest man. it was the taxes. former new yorker karol markowitz on that next. ♪ ♪ there's no place i'd rather be. ♪ no, no, no, no place i'd rather be ♪

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hi, my name's steve. i lost 138 pounds on golo 1-800-217-3217. and i kept it off. so with other diets, you just feel like you're muscling your way through it. the reason why i like golo is plain and simple, it was easy. i didn't have to grit my teeth and do a diet. golo's a lifestyle change and you make the change and it stays off. golo's changed my life in so many ways. i sleep better, i eat better. took my shirt off for the first time in 25 years. it's golo. it's all golo. it's smarter, it's better, it will change your life forever. ♪ ♪ give me just one night ♪ stuart: capitol hill, of course. 50 degrees, nice if fall weather there. let's bring in ash on this one. a new york times op-ed suggests climate change can affect a baby in the womb. ashley, you want to explain this one for us?

ashley: i can't. back to you. [laughter] no, the opinion piece written by jessica gross is based on a study which followed kids who lived through hurricane sandy while in their mother's womb, all right? and kids who were born before or conceived after the storm. the study found elevated psychological issues in kids who lived through the hurricane while in utero, and the boys who were exposed to sandy in the womb had elevated risks for anticipation deficit disorders while girls had elevated ritz -- risk for phobias and anxiety disorders. she's not alone. another guest essay in the paper claimed that florida was targeted by hurricane ian because if florida governor ron desantis hadn't taken enough measures to combat climate change, i kid you not x. another article in "the washington post" claimed hotter temperatures due to climate change is fueling a rise in hate speech. oh, mid goodness.

stuart: yeah, yeah, yeah -- ashley: i don't know what else to say. back to you. stuart: sometimes you have just got to move on. ash, thanks. here we go, georgia gubernatorial candidate stacey abrams suggests abortion is the answer to inflation. roll tape. >> having children is why you're worried about your price for gas, it's why your -- you're concerned about how much food costs. for women this is not a reductive of issue. you can't be forced to carry an unwanted pregnancy from the economic realities of having a child. stuart: i want to bring in karol markowitz on this one. look, i'm not -- my opinions on abortion are of no consequence here whatsoever. but i do want to know what you think of this particular statement where stacey abrams seems to say abortion saves money with children. >> you know, i don't know any parent who have ever looked at their kids and thought, you

know, if i didn't have you, i could afford more gas. it's just not one of those things we really consider when we're having children. but also the fact is inflation is here now. gas prices are high now. what is abortion today going to do for that? so a woman won't have to pay for children in phi years, ten years, but right now those prices are high. this is a way of combining two issues that are important to americans but combining them so clumsily that it makes -- stuart: that has to be a loser. that is not a vote winner. >> no. stuart: when you say things like that, i just cannot believe that in america today that wins you votes. >> i agree. i agree, it makes no sense. and i think a lot of things she says make no sense, but this is one that went viral because it was so deeply just uncomfortable to even consider the idea that you wouldn't have kids because of gas prices. stuart: i think that's the nicest word you could use, uncomfortable. it goes downhill from there. we've just seen tyreek hill go

to the miami dolphins instead of the missouri jets. it's because of -- new york jets. it's because of high tack -- taxes. that's your story, karol. >> it is. people move for a lot of reasons, and economic reasons are obviously at the top of the list. and as a lot of statements do poorly, the economic reasons become even more important. why would i live in a place with high crime and, you know, potential covid restrictions at any moment when i could live somewhere with a lot of freedom that also has no income tax? that's the decision that a lot of people are making. and if the jets are having trouble attracting talent and football teams, you know, something that people want to be a part of is having trouble getting talent, what's happening to regular companies in new york and new jersey who don't have this flashy, you know, job available? so i think it's a real problem for these states, and they should take it seriously. stuart: okay. bring me up to speed.

any regrets? you moved from new york to florida, i guess it was about 18 months ago -- >> no, actually, i -- [laughter] i only moved in january. it hasn't even been a year yet. it's been amazing. of every day is a happy adventure here and not a single regret, stu. not one. i miss my family, my brother, my mom, my in-laws, be but that's it. stuart: i get you -- bet you get a lot of visitors, don't you? >> nonstop stream. [laughter] stuart: same with us. thanks a lot. see you men soon. >> thank you, stu. stuart: both jeff bezos and jamie dimon have warned that a recession is coming. edward lawrence at the white house, what does the white house say? >> reporter: yeah. president's saying nothing to see her, move along, basically. but you can run down the list of people who last year were saying we're not going to see a recession, and now they're changing their tune. you talked about the list of

votes, jeff bezos, elon musk, jamie dimon as well as the head of goldman sachs saying we see some troubled times ahead. so i asked this question about this white house bubble. we've heard you say that the president believes there's not going to be a recession, could -- might not happen. but a growing number of business folks who are outside this building, jeff bezos yesterday joining jamie dimon, goldman sachs' ceo yesterday, why are they wrong thensome. >> so, look, the president has said this and i'm going to say this here as well. what he wants the american people to know is because of of the resilience of the economy and because of our economic plan, we are in a better place to deal with these global challenges, to deal with global inflation than my other -- any other, you know, global, may jr. company -- i'm sorry, major country in the world. >> reporter: but inflation going up under this president, so the message about recession has shifted from the white house

over the past year with. first the president says we will not have a recession. now it's a possibility. and then the white house press secretary had to clean up those comments saying it's a possibility, but he doesn't think it will happen. now, the federal reserve chairman told me last month that he says or believes that americans will feel economic pain for another two years as inflation and the fed's trying to get inflation back down to the 2% target. back to you, stu. stuart: edward, i heard that machine in the background again. this is a constant -- >> reporter: it's farther away but it's still there. yeah, all in my head. stuart: that's a concession to you. thanks, edward. now this, a popular fast food chain installing electric car chargers in their parking lots. plug in your car, get a white to eat -- bite to eat. we'll tell you where it's happening. move over, tiktok, gas is now the most-downloaded app in the country. it's designed to spread positivity among talkers. the gas app see quo is on the

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♪ looks like this when you move it like that. ♪ come on, shake, shake, shake, shake it ♪ stuart that sounds like a british accent. susan: no, it's not, i think it's miley cyrus' brother. stuart: oh, sorry, i didn't know. [laughter] okay. that is the white house, of course. and if you like the music we play on the show, follow us on spotify. search "varney & company." or just that qr code on your screen right now. have you ever done that? susan: have you ever scanned that -- stuart: not yet. susan's with me. i want to to start, first of all, big picture. dow's up 200, nasdaq's up 100. show me tesla. that's the stock of the day, i think. susan: if you scan any qr code, i can pay-per-view it. tesla one of the worst performers on the s&p 500. i would say for the summertime not really a bad quarter.

you had near record sales, but, first of all, there's no way they're going to get to that average old -- original guidance of 1.4 million vehicles delivered and produced this year and there's healthy skepticism that tesla will be bigger than apple and saudi aramco in the near future. don't you find it inquiztive too, because you have the 10-year yield hitting its highest since 2008 this morning which usually crag cans on it can stocks. oil prices are up. so i think the point is that this is an oversold market. i think there's an argument or whether or not this is a bear market rally, will it last. but so far look at the earnings. it's been fantastic on a eloperred expectation, of cours. amazon one of the big headlines next week. stuart: all eyes on that. streamers, where are we today? susan: up again. yeah. so best day for netflix in almost two years yesterday when

it finished up about 13%. a sigh of relief across the board after netflix doubled their subscriber adds for another 4.5 million this quarter. also, by the way, "the crown, "trailer five just dropped. this era will focus on princess diana and the british royal family in controversy and turmoil. stuart: where is with it on? susan: it's on netflix. stuart: okay, identify still got that. i -- i've still got that. i still share with other people. susan: the creators of "the crown" call it dramatic theater, but some people say there needs to be an actual disclaim at the bottom saying this is not fact and reality. stuart: yes, they should do that. wait, i can see "the crown" today? susan: the trailer has drop. i think it's closer to christmas when you can binge it. stuart: thank you. there's a social media app calls gas, g-a-a -- g-a-s.

it's dekinded -- designed to be a positive space for teenagers. nikita we're joins me now. -- nikita we're joins me now. how do you make it positive? >> hi, stuart. thanks for having me. the way that we've designed gas, it's similar to a lot of apps that exist in the app store, but many of hose have been plagued by bullying. you answer polls about your friends that we write, and we make all these polls uplifting, polls that are, like, most likely to be president or should deejay every party. and teens vote on each other on these poll, and then they receive a message saying that up someone has picked hem for these questions. stuart: well, that's clever. that really is clever. how many people have down loaded the app so far? >> we're getting around 30,000 downloads per hour right now. stuart: per hour? >> it's growing pretty fast. yeah.

stuart: i'm sorry. i'm not used to these global marketplaces. okay, now tell me how you make money. >> so right now we self-finance. i previously built an app that i sold to facebook, and it was a venture-back business. for this one we're monetizing slightly through an in-app purchase. and i think that's kind of the direction that we're seeing a hot of social apps go. you have apps like, products like twitter blue, snapchat +, and they're monetizing through in-app purchases instead of ads since the market has kind of change changed where ads haven't been as profitable for social networks. stuart: so you -- i'm not quite sure the term moll here. you wrote an app or designed an app for facebook, is that right, and hen you left -- >> yeah. stuart: -- you took your money with you, so you're using your own money to finance gas, and at 30,000 downloads an hour, you're going to make a ton of money, are you not? >> so far it's paying the server bills.

[laughter] it's not a cheap app to run -- can. stuart: don't be modest. if you're going to make a fortune, a billion dollars, i want to hear it. [laughter] >> we're doing can okay right now. and what's mostly motivated us is kind of the feedback we've gotten from users. we receive messages every day about how the app has inproved their -- improved their self-esteem because of the messages they receive. we each get themes on a daily basis about teens who have resr.ed self-harm and suicide. that's really what motivates us, and that's why i wanted to bring this app back into the world five years later. stuart: well done. we love success, and i'm prepared to sagas is a success. 30,000 downloads an hour is a big success, in my personal opinion. in nikita bier, you better come back and see us again soon when you've made your paris billion. -- first billion. waiting for a response this, didn't get it.

[laughter] let's talk tiktok. ashley, what's the biden white house doing? ashley: yeah. right now they're considering a security agreement that would actually spare if tiktok which is owned, as we know, by china's byte dance from a total ban in the u.s., but foreman national security officials say -- former national security officials say users would still risk espionage by china. tiktok's been under u.s. scrutiny since 2019 over concerns that chinese actors might surveil the app. servers maintained by oracle which is auditing the app's algorithms, but that may not be enough. a number of u.s. lawmakers on both sides of the aisle, by the way, have expressed doubt citing china's track record of protecting users' privacy. exactly. stuart: ashley, thank you very much. now this: san francisco is spending nearly $2 million to the to build a single public

toilet, and it won't be done until 2025. outrageous. we'll try to explain it. nineteen republican-led states are demanding answers from big banks. i think want to know how the banks' environmental, social and governance, esg practices, might be hurting the energy if industry. grady trimble has the report after this. ♪ ♪ do you really want to hurt me? ♪ do you really want to make me cry. ♪ do you really want to hurt me? ♪ ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything.

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the ben frank if lin highway in reading, pennsylvania. a fast food chain is installing electric car chargers in their parking lots. ashley, where is this happening? >> california where at taco bell you can make a run for the border in an electric vehicle, apparently. ev charging stations are coming to more than a hundred locations in the golden state over the next year. these solar-powered charging stations belong to a start-up company called chargenet stations. they offer a 20 the-minute, 100-mile charge for about $20. adds up quickly, i'm sure. it's not just taco bell hoe. many august starbucks announced it planned on aing chargers for sol volvo. great if you drive a volvo electric vehicle. and also ikea says it is planning to open public charging stations at more than 25 of its locations across the u.s. stuart: it's a great idea

because a big parking lot is often empty for much of the day. fill it up with chargers and make some money. i can see why they'd do that. ashley: exactly. stuart: thanks, ash. there's a start-up company called terra watt. they'll be near highways in california, new mexico and arizona. they'll serve both medium and heavy trucks, and these first stations will be in service as early as next year. now this, 19 republican-led states are launching an investigation into big banks. grady trimble joins me. take me through this esg invest, grady. can investigation. >> reporter: yeah. so the states are looking into the big banks' involvement in the united nations net zero banking alliance which is essentially a commitment from the banks to invest in and lend to businesses that are climate-friendly in order to ore deuce climate change. here's a look at some of the banks that are involved now in this investigation.

they were served with civil investigative demands, essentially a subpoena prosecute if states for more information -- from the states for more information. some of the biggest financial institutions in the country, even the world for that mart. the 19 red statements that have launched this investigation include arizona, tennessee, texas and others that aren't on this map for for confidentiality reasons. they want info on the banks' environmentalling social and governance, or everything sg, policies. missouri attorney general eric schmidt, he's leading the charge because he says these policies are killing american companies and jobs. >> this stinks to high heaven and ought to scare the bejesus out of everybody. it means for credit think applicants -- creditworthy applicants who happen to be in the auto industry or or agriculture, it means they're going to shut down lending and make everything more expensive. and that's a real problem. >> reporter: blackrock isn't

part of this particular investigation, but conservatives also accuse them of participating in this left-wing activist investing. louisiana, missouri, south carolina and others are pulling pension funds from the asset is manager because of its esg push. the total amount of money they've pulled from its management is more than $1.7 billion. they don't like this woke investing and lending, stu, so they're punting their money where their mouth is. stuart: i like to hear that. good stuff. grady, thank you very much, sir. show me the dow 30, please. we do this at all -- every day, every program, we do. we put it up on the screen so you get a sense of where the market is. a lot of buying today. plenty of green left-hand site of -- side of the screen. next, do you remember charles smith, the washington state winemaker with cool hair? we haven't spoken to him in years, but he's back on the show today. charles will tell us about his new pinot noir project.

after this. ♪ ♪

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♪ stuart: a cloudy, misty industries. save me, san francisco, by train. ever heard of that? i kind of like it. 356 degrees in san fran. we're showing you san francisco for good reason. they are spending nearly $2 million on one public toilet. ashley? what have you got to say about this? [laughter] ashley: it's complete loony ifness, stu. prepared to spend as much as $1.7 million for just one toilet. not only that, but the public toilet also will not be completed until 2025. it must be one heck of a toilet. this is california. a spokesperson for the san francisco recreation and parks department told fox news digital that the exorbitantly high cost is due to, quote, onerous demands of unpredictable costs levied by pg&e as well as construction costs that have skyrocketed 20-30% and employment of workers who are

being paid a living wage with benefits. but constituents have been complaining for years that a public toilet is needed because of all the feces on the street. how delightful. ing. stuart: okay -- ashley: stu, back to you. stuart: i'm going to change the subject right there, man. ashley: please. [laughter] stuart: look who's here now. this man is charles smith. he's a winemaker from washington state. he's not been with us on this program since 2018, four years ago. there's a reason why he's not been on. you have recovered from leukemia and throat cancer, is that accurate? >> yeah. two years ago i was diagnosed with leukemia, and about one year this month i got diagnosed with neck and throat cancer. i'm cancer-free -- stuart: completely? >> yeah. so i beat cancer while having cancer. stuart: it's wonderful to have you back. you must have lost about a couple hundred pounds, for heaven sake.

>> maybe a little less, but i feel great. stuart: i want you to tell me about your pinot noir project. you are planting 500 acres? that's enormous. >> it is enormous, with the brown family, a great family in washington state. we planted 500 acres of pinot noir because it made sense. this is the place where pinot noir should be -- stuart: why that? if is there an expanding market for it? >> it is. it's exactly the same great wine withs of france are at the same latitude that we are at 47 degrees and also the soils are limestone. so you check a lot of boxes. it seems like this would be the perfect place to plant pinot noir. we think about the 1960s where someone wanted to plant by no noir in oregon, and everybody thought he was crazy. stuart: i talked to my son this

morning, he's in australia, a winemaker, and he said ask charles about growing wine in california. because he says climate change is making california too hot to grow wine. >> i i saw somebody sent me on their dashboard a screen shot of 115 degrees in sonoma summer. grapes don't like to be 115 degrees. they don't grow in the desert. stuart: is optimum wine growing going north? >> i think it's becoming much more viable, even more so than we've been for the last 30 years, absolutely. stuart: how many -- i suppose you measure in cases, don't you many. >> we do. stuart: how many cases of by pinot noir can you extract eventually? >> we'll grow to 150,000 cases of single vin jarred pinot noir, which is unheard of. sustainably farmed, native fermented. i like to say there's more wine in our wine. stuart: o.k.. you can do a commercial, if you like -- the.

[laughter] >> no. the thing is we're passionate about this. it's what i love to do. i mean, you know, we've been successful from the business side of the wine business. but the thing is my dream was to make wipe. so i get to continue to do this, finish do wine. so i get to continue to innovate and do things i think are necessary and are really seeding for the future. stuart: do you drink it? >> absolutely. stuart: but when you taste it, do you spit it out? >> right now i do because i got about two months to be completely healed up because of my throat. but my doctor said in about two months he goes, yeah, you can -- don't drink a botting of wine at lunch and dinner every day, but -- stuart: wait a minute, charles, did you ever do that? >> oh, yes. stuart: you could drink a bottle of wipe at lunch and a bottle of wine at dinner? >> well, you know -- stuart: did you or didn't you? >> i did. [laughter] the good life, you know? the thing is i have my wine's a

substance, and this is actually first time anybody's actually seen this wine. this hasn't been released. this is the debut of pinot noir, joining the family of three wines, it's four. stuart: is the alcohol content of your wine going up? and if so, is it deliberate? >> it is not going up. it's actually in the classic area right around 13% which is very balanced, very fresh. that's the way you really want wine to be. stuart: i'm told that a lot of makers are now upping the alcohol content. i don't know why. >> i think one of the pleasures is the actual taste and how it tastes with food. it's very satisfying. i don't think -- stuart: but a man who drinks a bottle of wine at lunch and dinner likes the effect. >> yeah, but i don't have to be strong. quantity instead of strength, you know? stuart: charles, it was just great having you on. >> it's great to be here. stuart: i'm so glad to see you

looking is so well and fit. >> well, so are you. stuart: it's a mutual admiration society, ladies and gentlemen? isn't it great? >> so good to see you, stuart. stuart: stay there for a second. i've got a little business with america here. it's time for the trivia question. first, watch this clip from titanic. roll tape. >> they called it the -- >> the heart of the ocean. >> yes. >> it's overwhelming. >> it's for royalty. we are royalty, rose. stuart: okay, here's the question. which french monarch does cal say once won the hart9 of the ocean?? -- heart of the ocean? maybe charles smith will stick around to guess, i don't know. [laughter] we will have the correct answer for you after this. ♪ ♪ ♪

. . but then i found clearchoice. [ forde ] replacing marcia's teeth with dental implants at clearchoice was going to afford her that permanent solution. [ marcia ] clearchoice dental implants gave me the ability to take on the world. i feel so much better, and i think that that is the key.

stuart: here ask the question. about the movie tight tannic. which french monarch does cal once wore the heart of ocean. first your guess. >> i think louis xvi. >> ashley, your guess? >> name, number four. stuart: i'm going with charles v. it is louis xvi, wouldn't you know. that is the answer. thanks for being on the show. thank you very much. neil: thanks very much for that, stuart, corner of wall and