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tv   Varney Company  FOX Business  October 21, 2022 9:00am-10:00am EDT

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at a decline. we are off of the lows but nonetheless down 150 on the dow and 153 on the nasdaq. final thousands. >> 18 days from now, the republicans are going to win the house and the senate because normal people right now filling up their oil at home and trying to buy halloween candy are getting sticker shock and that matters. maria: a look at the week ahead and we get your final thoughts, nile. >> my final thousands thought - thoughts is that the united states will have economic freedom and liberty and the biden administration is destroying the economy and we need the united states as a beacon of economic liberty across the word. maria: well, we're all feeling it. i'll see you tonight, everybody, on wall feet at 7:00 p.m.. to varney we go. stu, take it away.
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stu: good morning. chaos is the theme of the day. chaos at twitter and early reports subjected musk would fire 75% of twitter's employees and now we hear twitter's general council e-mailed employees denying the layoff report. musk says he wants to unlock twitter's tremendous potential and the stock is down this morning. chaos in britain, a huge fight among conservative prime minister liz truss. this moment the britts are out of europe, dismissed by europe and the pound has crashed and inflation rate is 10.1%. chaos on the campaign trail and the president loses his temper about limited campaign appearances and snapped on a reporter who asked him about abortion and it was a chaotic scene as the president tried to get away from reporters. his handlers have to do a better job with the basement strategy. the markets, interest rate
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climbing and not going well with investors and 10-year treasury yield closing on 4.2% and have 4.6 at the moment and two year 4.6% and slipped to 4.56 and that's elevated. stocks down across the board and dow down 70 points at opening bell and nasdaq down about 70. the price of gas, little change, $3-$3.82 is pegged for the high california is $5.83 and diesel $5.34 and that's up 42-cents in a month. a jam packed friday show for you. hispanics marching into the republican party. housing in serious trouble and snap falls out of bed. we cover it all, friday, octobe. "varney & co." is about to begin. ♪
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♪ s stu: all right, good day, dan and shea. it's a friday morning and not much going on. people work from home on friday. going to start with elon musk and what i call the chaos at twitter. susan, i understand chaos is a strong word but i think it's justified. susan: when laying off 75% of workers in months, that's a big deal. down to 200 from the current 7500 and that's what e len wants to do and they spend $7 billion on personnel and if elon owns twitter, he wants to narrow down on expenses by october 28 and
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that's the deadline by the delaware judge or go to trial. elon's layoffs part of the investor pitch in april looking for outside investors to join the $44 44 billion bid and according to analysts, he needs around $2-$10 billion to sell in testa stock by next friday's deadline. he hasn't done that and the clock is ticking. stu: what do you make of this, david? quick comment. >> do you know that twitter has $600,000 per revenue per employee and apple $200 million per employee. that was in the text released that elon musk had before and that's a huge driver and they have too much people for the revenue they have. stu: that's if he does it. get to the campaign and inflation remains the top issue and house majority whip james clyburn requested that the democrats have a role.
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susan: he acknowledged they're very aware of how economics work. listen. >> i want to make it very clear, all of us are concerned about these rising costs and all of us knew this would be the case when we put in place this recovery plan. any time you put more money into the economy, prices tend to rise. susan: that's how economics works. i was looking through some of the analysis and even the federal reserve economist at the fed said they handed out $1400 checks and that's responsible for a big chunk of the high inflation this year and even johns hopkins university said $1.9 trillion act rescue plan responsible for half of that 9% 40-year high inflation we're feeling. stu: that's the first time a leading democrat acknowledged that wild spending produces inflation. he acknowledged it. i like to see that.
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susan: he acknowledged how economics works. stu: david barnson is here. you wrote the book no free lunch. seems to me that congressman clyburn was being honest. >> i think it's only half honest because it's what he didn't say. the inflationary pressure was taking workers out and downward supply and prices hire and sugar rush of spending from that money goes away. but the long term debt doesn't and the labor force impact doesn't. that's the bigger problem that the democrats and our whole country has to deal with. dade, stay there. >> i'm not going anywhere. i'm all good. stu: you got your computer and coffee. good lad. now this, president biden snapped at reporters yesterday and, no, it wasn't at peter doocy this time. roll tape. >> john fetterman going to appear with you today in pennsylvania. there hasn't been that be
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candidates campaigning with you -- >> that's not true. there's been 15. take count. >> is there going to be even more? >> yeah. stu: he did it later when talking about abortion. snapped at the reporter. lara trump joining us this morning. his handlers have to do a better job of keeping him away from reporters. >> well, if you were trying to cast a role for a movie of sort of like the cranky crotchety old man down the street yelling at kids for riding their bike for no reason, this is joe biden. he can't answer any of the questions and cane acknowledge the fact that he's basically like the scarlet letter of the democratic party and if 7:seen on the trail with joe biden, you're basically getting the buy in of ruining america. you're saying, i want to take this country even further down a hole like joe biden has led us. we know the polling, we know how
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unpopular he is and quite frankly, when he gets on stage and they unleash him, it is very unpredictable so none of these candidates actually want to appear with joe biden so that is the truth. he has to own that, but he doesn't want to acknowledge it so the answer is yell at people. i guess this reporter is lucky she wasn't called a dog faced pony soldier. stu: i forgot about that but now i remember. i see president biden's approval rating. this is in iowa. key state obviously, but it's dropped to just 35%. that's iowa. that's extraordinary. another poll, 73% of voters believe the country is headed in the wrong direction. lara, the republicans better not get overconfident when these see these numbers. >> yeah, well that's right. i think, look, we are confident on the republican side because it's hard to see how anyone would vote for policies that are detrimental to their future. we've seen how bad joe biden and the democrats have been when it
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comes to the economy, when it comes to crime, when it comes to our border and our standing on the world stage. they've taken us in the wrong direction, we're confident and have to play up till the very end and keep our foot on the gas as republicans and the one in iowa is very interesting because iowans, of course the iowa caucuses are always the first stop, major political stop for everybody. iowans don't typically like to show their hand before they need to. the fact that you have them coming out and so resoundingly speaking out against joe biden is pet i incredible. the thing -- pretty incredible. what is it that the 35% think he's doing well? what is it that the 35% think we're on the right track for here in america? that's kind of shocking because truthfully all of the policies and positions have hurt americans so badly, but i think you're right, stuart, let's not get overly confident and take it all the way to november and will have a big win. stu: you got it.
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lara, thanks as always for getting up so early and getting on the show. i know you were up early for "fox & friends". >> this is nothing. stu: this is a breeze; right? thanks, lara. president biden heading out on another vacation with just over two weeks until the midterms. how much time away from the white house has this president spent? susan: this is a cnn analysis, biden spent 174 days in delaware, 64 days at camp david, and that's outpacing former president trump's total 158 days away from the white house at the same point in his demonstration and coming from cnn's own data as well and this weekend's upcoming three-day vacation after the president spent the last weekend in delaware and it's strange because he's called this midterm election the most consequential u.s. elections in u.s. history so why is he not spending on the campaign trail.
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if you extrapolate, maybe he's not that popular on the trail. stu: i think that and his handlers want him off the campaign trail and don't want him exposed because he's prone to making gaffes and stumbling and lacking focus. susan: there's question about why there's no visitor log at his private residence too. stu: that's true. david, you're a financial guy and dabble in politics but when you're moving money around, do you care about the elections in november? >> i dabble in politics because politics dabble in me and affects markets and our clines but the fact of the matter is that you could argue it's better for him to be away. when he's there, he's doing more harm and all these vacation days are fine. what they're doing is how he got elected president and through covid he got to hide in the basement and that's what they're doing now. stu: they can't keep him completely away from the media. >> that's right. stu: at some point they're going to shout a question and he's going to problem. >> when he goes off script, he
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gets in trouble. the cue cards are key. stu: 18 days to the election. susan, thank you. check those futures. dow up 60, nasdaq down 16, not that much movement so far this morning. coming up, president biden changing his tune on abortion. roll tape. >> any restrictions on abortion at all? >> yes, there should be. stu: if there's going be restrictions on abortion, who defines them? who defines what they will be? sharon bream tries to answer that a little later. i thought the open border would attract hispanic voters so why are they turning to the republicans. i'll ask the florida congresswoman next. ♪
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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,
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but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. stu: that's taylor swift. that is from the new album midnights. plural. susan: that drops overnight. stu: i like that actually. it's a lovely voice. that by the way is rhode island, currently 48 degrees. david is wondering what on earth is going on here. if you like the music we play, follow us on spotify and use that qr code thing right there. susan: scan that thing. stu: yeah, check futures, mostly red but not much.
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president biden facing questions about the top priorities in the weeks leading up to the mid terms. top issue for voters is inflation and abortion is way down the list. >> yeah, it's number 6 on that list. we're wondering about the focus of the president and within 18 days of the midterm election and clearly voters are showing that inflation is the number one and two issues and in a fox news polling, it shows that you can clearly see it there. yet today the president is going to delaware state university to talk about his student debt relief plan, which could cost billions. yesterday his focus was in pennsylvania on the bipartisan infrastructure bill and the word inflation never came out of his mouth. >> just as important, just as important, we're going to reduce emissions like that comes from the trucks and trains hauling it over by reducing it by 3.5 million tons of co2 a year. >> reporter: so on sunday in a
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now this presidential forum that will air online, the president says absolutely federal money should be used for things like child care so a woman can get an abortion. no focus on inflation as yet another reading comes out a week from today. so real business owners want more from the president that affecting their daily lives. listen to this. >> right now the president is claiming that the economy is going like hell and i'm not sure what hell he meant, but i would like him to come to our small businesses and talk to them and hear directly tr from them how e consumers are being burned by inflation. i want the president this week saying the u.s. can walk and chew gum at the same time and handle multiple things yet over the past 20 months, inflation has gone one direction under this president and that's up. stu. stu: that is correct.
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edward, thank you very much indeed. 18 days till the midterms and support for democrats among hispanic voters shrinking. congresswoman from florida joining me now. congresswoman, i thought an open border policy would attract his panic voters. so why are hispanics turning to the republicans now? >> i'm sorry to say, you were wrong. we do not, with hispanics, we do not want to see open borders and we're getting coyotes, fentanyl, child sex traffickers, and the people in my community understand that those people that are crossing the border are going to be coming to live in their barrios or neighborhoods. we want to come in legally and be part of the promised land and help the economy be part of this wonderful country and that's why they're crossing the border and have dignity, which is i'm sure as you know one of the
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immigration reforms law i presented this cycle to give dignity to those who are here already but first and foremost, seal the border. it's the worst thing that can be happening to the hispanic community. stu: agreed. >> what else, last cycle nancy pelosi was talking about daca and dopa on tps and all the people we have to give some type of dignity to and that has been forgotten by the democrats who have propsed so much to the hispanics. hispanics. stu: what is the swing to republicans like in latino dominated districts in florida, nevada, california, and arizona. what's the swing to republicans? >> well, i think it's two. it's the economy and values. we hispanics, we are not perfect but we are not socialists and we come from countries, specifically my pans, cuban americans first generation and
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nick rawingens and u it's beautiful in theory and miserable in practice. we have a point of reference and that's why the best example, i was able to defeat one of the bast indians of the democratic party -- bastons of the democratic party and nancy and bill came to district 27 to campaign for donna but the brown girl from the hood from little havana won because we know what we're talking about. we're not perfect but we're not socialists and have the same values that are entrenched in the republican party and that's why my party is waking up. stu: congresswoman, thank you very much for being with us this morning. it really is appreciated. >> thank you. stu: florida senator republican rick scott confident we'll see a red wave if this november and
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how many seats does he think? susan. 52 but maybe 55. it's a toss up in pennsylvania, ohio, georgia, et cetera so in fox power rankings, 53 seats in the senate is a best case scenario. worse case scenario is at 49. we're already pretty much guaranteed in the senate according to fox numbers. stu: it's interesting the way the polls shifted towards the republicans in senate races just in the last three or four weeks. there's ban shift in the races. susan: a tail wind. stu: thank you, susan. quick check of futures before we get to opening of the market. down across the board but not very much. opening bell, next. ♪
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stu: mark, i thought you had a price target of $17 for snap. i take it you changed that? >> we did. we took it down to $12. we've been on the sidelines on snap on the cautious side since the middle of the year. i liked it earlier in the year. this is a company that's facing all of the head winds that other internet advertising names are facing but more so. they've faced more competitive risk and a lot of execution issues and lost some top ad execs to netflix and snap is not a buy for us. this company has a lot of wood to chop and my guess is if there's a turn around story, it'll take at least a year to unfold. stu: understood. mark, you were looking for $300 a share on netflix. they reported this -- what was it, this week i think it was, they're at $267 and sticking with $300 as a target? >> no, no, we took that up.
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we're more bullish on netflix. this is a very tough macro environment. you need a company with a real clear catalyst in order to be a long on a stock. netflix has that. we upgraded the stock about two months ago on the belief that the core business is probably more stable than the market feared. that's true. and that they have a major catalyst coming up in terms of the launch of the ads business. it's going to be basic with ads, $6.99 a month for netflix with advertising. it's going to launch in about two weeks from now right before the elections, and we think it's a big winner for netflix. if you have a real clear catalyst, you can be long stocks in a very tough environment. the stock is verily nicely outperformed and we think it can continue to do that and price target is $3.40. stu: got it. next week is the big week for big tech. i'm interesting particularly in meta and google. you follow both of them. give me your outlook for those two stocks. >> i want to be careful on these two names.
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more so google than facebook. the read on snap was negative but snap is a weak player in online advertising and i don't want to overread into it. the things you have with netflix is the multiple valuations have been cut dramatically at the beginning of the year and head winds for advertising names and this thing is trading at like ten times earnings, approximately ten times earnings and even if numbers get cut, which it probably will but probably modestly for a name like facebook and trading at 11 or 12 times and you have a lot of valuation support and you have easing comps and this company will be able to work through some of the biggest apple privacy head winds they've faced in the past and i like the risk we regard on facebook and one of my top picks along with netflix and amazon. stu: we hear you. netflix and amazon. got it. mark, thank you indeed. five seconds to go. the market is about to open on this friday morning. this time last week we were ringing that bell. did you watch? >> i did.
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stu: you did? i waved. we're trading and the dow is down not much. looking at about 50-point loss, that's 0.17%. there are some winners but it's a pretty even split between green and red at this point. no clear price trend. s&p 500 down a fraction and nasdaq composite also down and one-third of one percent. look at big tech if the nasdaq is down like that, big tech is also down. yes, it is. apple, amazon, microsoft, alphabet, meta are all down. i want to go back to snap. down 27, 28%. 26%, whatever. what's the big problem here? stu: well, there's a lot -- susan: there's a lot of problems and that's zero sales growth this quarter and sales gone up 9% this autumn and that means they expect a severe slow down to take place heading into the end of this year. they're being more impacted by apple's privacy changes since snap is more mobile and they're
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more impacted by tiktok since they target younger users and the company is losing money and they shed and layed off 20% of workers and what i found surprising is they added to active daily users by 20% at 358 million each and every day and more than the number of people that use twitter by the way. it's not good news for advertising sales and higher rates and slow growth environment for social media. stu: it's not as iowa hawkeyes tractive as it was. susan. the squares move with trends. think of myspace. stu: we're not talking about that. susan: exactly. stu: meta and facebook -- i call it facebook, snap is dragging it down, i got that. you've got more bad news for meta. susan: yeah, and mark seems bull irk on meta and lobar heading into the earnings and meta is
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firing for the first time in history and they're cutting back on cost including the shuttle bus usage and drivers are losing their jobs, -f 3 staffers here and -- 63 staffers here and meta spending $63 billion on goggles for the meta verse and oculus and more than 3 billion that visit the property and platforms each and every month. that's a lot of people. that's close to half of the world's population that goes on instagram, what's app, or facebook. stu: hasn't got much to show for goggles and meta verse. verse. susan: that's why it's down 60% this year. >> snap by the way it down 92%. when we talk about greater traffic, more eyasessers, argue that's a bad -- users, that's a bad thing and they're losing money per user. if you can't monetize and becomes more popular and hip and people like it. it doesn't matter if they don't pay you. you have to get paid and you have to buy stocks at reasonable
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valuations. these stocks are so overpriced a year ago, it's sad. susan: i was looking at snap. if we can bring this up again. i found this astonishing in 2017, the ipo offer price was $17. imagine if you stuck your money with snap for the last five years, you've lost your money. you've lost time and what we call opportunity cost. stu: bad move if you bought back then. inflation, it's hitting whirlpool, how badly? susan: pretty badly and miss on sales and profit and weaker guidance and softer demand and reduced production and whirlpool as a company that was impacted by the supply chain, high inflation, you couldn't get the parts, the wages were high and company is not making money. stu: if the housing market is heading south, that's not good for the washing machine industry. susan: definitely not. stu: some companies reported before the bell and american express is one. susan: strong spending with the boom in travels and sales and
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profit beating full four year forecast and here's the problem. there's a problem because they're keeping more money aside just in case customers can't pay back their balances with higher interest rates and slowing economy. stu: they're anticipating trouble down the road the customer is paying off. susan: that's right. i was thinking of the strong dollar impact and what that was helping. have you looked at travel stocks and airlines because you're looking at strongest dollar versus the yen since 1990 and euro since 2000, people are going out to travel and that's helping lift the airlines and hotel stocks. stu: i'm going to australia in november, it's going to be a much cheaper trip than it was a few weeks ago. the australian dollar sunk like you wouldn't believe. susan: a strong dollar is helping our bottom dollar but sinking everyone else. stu: another one down. susan: it wasn't terrible quarter because i think they had a better sales and profit number, but it's a smaller
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number of prepaid -- postpaid net ads and subscriptions to their phone plans. stu: weren't you big on verizon ?>> still am. you have to be very patient and when lower amount of prepaid and people that put out into the future when it's going to pay off, it's a high cap x stock and spend a lot of money. stu: what dividend, 35? >> 35 if the dividend is over 30%. very secure, they're not cutting that. susan: at&t paid 5 to 6% and that stock rallied. >> they cut their dividend in half and we sold -- they lost just hundreds of billions of dollars after the sell of discovery. the time warner thing was a disaster and at&t was what we sold to buy verizon four or five years ago and the whole space struggled quite a bit. susan: interesting. stu: going on the air with the financial report, at&t was the
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gold s standard: susan: things change. stu: right. susan: the stock is rallying after better results which means higher ship volumes, higher prices they're charging to ship the goods. is that also an indication that maybe things are moving a lot better in the economy than people had anticipated? stu: maybe. >> transportation general meeting indicators and that's a good sign if railroads are doing better. stu: 6.5 minutes into the trading session and dow jones is not moving much and we're up 7 points, look at the level. 30,340 and look at dow winners, i see caterpillar on there. travelers on there, dow inc, ibm is on that list. they pay 5%. >> they do. ibm was up yesterday and had a huge earnings quarter the other day and great news. stu: s&p 500 winners, huntington
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bank shares. i worked with a guy who was the heir to that. fox is on there. wall green boots, marriott international. coming up, here's a question: are you addicted to tiktok? we might have found your dream job, an influencer marketing company is looking to hire tiktok watchers for a high paycheck and we'll bring that to you. a new patriotic film. roll tape. >> i want you to take it down. >> from where? >> your truck. truck. >> my truck, my flag. >> some people find it offensive. >> what if i find them offensive, you going to take them down? stu: dukes of hazard star had to finance that film himself. said woke hollywood wouldn't touch it. he'll be here. ♪
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stu: 12 minutes into the trading session and some red ink. 18 days to the midterm and grady trimble is comparing prices today to just before the 2020 election. coke, grady, are we -- okay, ggrady, are we better off now? >> no, stu, it found that two-thirds of working americans feel like they're worse off financially than just a year ago and three quarters have less in savings now compared to the same time last year and you can see why when we look at the prices of every day items at the grocery store compared to two years ago a few months before president biden took office, eggs cost double what they did in october of 2020. the cost of beef has gone up nearly 70-cent a pound in the
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past two years and cost of bread up a quarter, 25-cents. these might not seem like huge increase when is you look at individual items but of course these are the kinds of groceries we're buying every single week so it adds up and as we head into the winter months, home heating costs are surging and expected to keep climbing and it could get so bad in parts of new england, they're bracing for possibility of rolling blackouts and from this graphic utilities like electricity and natural gas are up 21% and 63% respectively over the last two years. now, we know inflation hits lower income americans and the finance americans and high earners as well and some of them are living paycheck to paycheck and dipping into savings just to make ends meet so we say, stu, that people vote with their wallets oftentimes and unfortunately this election, voters wallets are a lot lighter than a year ago and two years
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ago. stu: you spelled it out for us, grady. thanks indeed. see you later. i need an economist to talk about the housing market. john is here to do just that. the housing market to me seems short tseem tohave fallen sharpd suddenly. some say it's like in a free fall. what's the impact on the economy? >> negative. without any question, we already have sales of furniture and appliance stores down significantly from their highs and eventually this spreads to building material stores and with a deep decline, there's downward pressure on the prices of housing and as people begin to see that their --
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stu: we have one analyst predicting double digit mortgage rates. susan, who says this and when is it going to happen? susan: waylon global economists say 10% next year and if that happens that means home prices will get back all of the 45% in covid price gains during the last few years. that's even a bigger call by the way than some of the estimates i've read for 10 to 15% protection in home prices if rates continue to go up past 7 maybe even 8%. stu: what do you think the impact on the overall economy would be if they went to 10% mortgage rates? >> the economy would crash, the recession would deeper -- stu: crash? that's a strong word. >> yeah, the recession deeper than of 2008/2009 and i think it's highly unlikely the yield reaches 10% and that's something the economy couldn't with stand
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and who knows how much damage done to the ick -- equity market and that's off the wall forecast in my mind. we're having enough problems right now with the 10-year treasury yield at 4% and 7% yield ain't going to happen. if it does happen, watch out. stu: that's spelling it out nicely. david, any chance of 10% marge rate? >> no chance, no chance of 7% 10-year bond yield and ultimately there's a level which housing prices correct is a good thing. they were overpriced and need a correction that's too high. that kind of drop, 40%, that can't happen without a huge collateral damage in other parts of the economy and 10% repricing could be very healthy. a lot of people can't get house for kids and grand kids, it's too expensive and they're complaining for the home price appreciation they were liking a few years ago. >> that's not going to be healthy for people who bought at elevated prices. >> well, they need to sell it's
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not but if they just go home and live in their house, it's not begun that matter much. susan: what's the peak interest rate because it's at 4.5 by march of next year. >> i've been wrong on this and take my answer with a grain of salt, i think we're right there. the ten year can't go much higher than about 4.5. >> i agree with david and i believe the federal funds rate will peak at about 4.63%. stu: sounds positive, peaking at 4.6% at 10 year -- >> but how long are they leaving it there? >> next year one widely respected forcasting survey from bloomburg and they go ahead and pull 70 economists and what they're now saying is that next year 2023, the average monthly increase by payrolls will be 28,000 new jobs per month.
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stu: that's it. >> that's all. we had 263,000 in september. if that forecast is roughly accurate, you are going to have quite a slow down by the economy if not a recession, and i would believe that once that recession strikes, your ten year treasury yield now at about 4.25% will go down to 3.5% if not lower and of course the fed will begin to cut rates pretty aggressively. stu: and the market will see that coming and rally. >> months in advance and could have job losses while the stock market is going higher and everyone being confused. susan: the markets are pricing in the cuts right now. >> totally agree. stu: this is the most enlightening economic discussion in some time and hope our viewers share in that. john, thank you. next case, coming up. tom brady under fire for recent comments he made about leaving his family for the season. listen to this.
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>> i must look at like a football season like you're going away on deployment for the military and like, man, here i go again. stu: brady, now regrets his choice of words and we'll bring you his apology. serious stuff, britain's prime minister liz truss resigned after only 44 days so here's the question: could boris johnson make a comeback. ? i'll ask steve hilton and everybody else who's on the show. ♪
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stu: susan, american airlines changing up premium cabben. what's that mean? susan: that means you might be forced to fly cattle business instead. stu: cattle business? oh, please. susan: that's what i call it for you guys. american airlines is fazing out the flag ship flights first and privacy and live flats on the new planes and air buses going international. i will point out if you look
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through some of the earnings from the airlines so far, they say that corporate travel is only 80% of what it was in 2019. still 80 is higher than what i thought given we're in a remote work area. stu: what is this about artificial intelligence now able to tell me how much i am prepared to pay for a ticket on the airlines. susan: yes, artificial intelligence sweeps through your identity, what you're spending on, what you search for, and will tell them, you know, what type of flier you are. are you a 1% lie flat type on first class cabins or private air flier? that's what i would extrapolate for stuart varney. >> that's natural intelligence. stu: we got to get this in, you're here to give us your dividend picks. i want to start with lamar advertising. never heard of it. >> yeah, it's a smaller cap company, only about $2 billion in size, but it's come down this year about a 6% dividend yield.
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the family who started the company 100 years ago, they own 20% of the stock, grade alignment with shareholders and grow the dividend every year and make billboards, digital billboards and do advertising all over. stu: quickly, molis, they're a financial services company. >> specifically they're an investment bank but don't do all the trading and stuff that goldman sachs and morgan stanley do. it's advisory and they get fees to advise on deals and came down and pay special dividends every year and about a 7% dividend yield and both of those two are new stocks we've bought in the last few weeks because of the market downturn. stu: is that 7% molis dividend safe? secure? >> yes, we'll never buy a stock without a safe and secure dividend yield, my friend. stu: thank you, david. we appreciate that. still ahead, shannon braeam, former ambassador to nato, and the 10:00 hour is next as the market continues to rally.
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