coming and spells trouble with the holiday season with delays. maria: yeah, we need more pilots as well. thank you, kelly o'grady at lax international airport. mark, we to want get out of the covid lockdown so much. we're sucking up the high prices. >> after being locked up for a few years, there's a lot love for hunting pent up demand especially with the weather break, we have a find palm trees. >> when are not here by the way, maria, but they're nearby a bit south trying to get dinner at dorsea last night, a three month wait so we went to mcdonalds. maria: that's not good. it's been great having you both here. thank you so much, gentlemen. have a great day and see you soon. have a great day, everybody. back tomorrow same time same place. stay with fox business.

here is "varney & co.". stu: good morning, everyone. it's the week that could make or break the market. i picked up on two: coca-cola issue add strong outlook and that stock is up 2.5%. however, on the downside, 3m issued a weak outlook and the stock is down, let me see, 2.6%. two giants report this afternoon, microsoft and google, remember, it's often the analyst called following the actual release of the numbers pointing in the stocks and both report this afternoon and walking up to the event slightly higher. overall at more selling this morning after a strong day tuesday. dow is up 400 and down 200 and

small loss for the s&p and small gain for the nasdaq. the nasdaq doing well and backing away from recent highs, the 10 yeatreasury yielding 415 and that's come down a bit and two year treasury now yields four points, read it, please, 4.46%. again down considerably. all right, let's get to politics. getting exciting, two weeks to the vote. fascinating debate in florida between governor desantis and challenger charlie crist. the democrat said governor desantis is the most antibusiness governor. the audience burst out laughing and they called crist a worn out old donkey and more laughing. he said he's cut prescription drug prices, healthcare premiums and energy bills. that's not too . he hopes to do that in a couple of years. we're all suffering from inflation right now. leagued democrats keep trying to reverse the policies that got us into so much trouble.

the reverend al sharpton said we have to talk about crime. we'll cover it all on this tuesday, october 25th, 2022. "varney & co." is about to begin. ♪ ♪ stu: yes, it is tuesday and even on a rainy day, more people back in midtown manhattan that you can see right there. we like to be entertaining, this was entertaining. senator ted cruz joined the view yesterday and it was wild good morning, lauren. not a friendly crowd. lauren: not at all and climate protesters in the audience interrupted a few times. >> inflation has one cause and one cause only. [ chanting ].

>> inflation in the unit has one cause and one -- united states has one cause and one cause only. >> excuse me. excuse us. ladies, let us do our job. let us do your job. we hear what you say but you've got to go. >> glad we don't have a van gogh on the wall. >> give it to whoopie, you've got to go. they interrupted fife ti times d you -- quite a few times and you often see the panelists clash on the view but this was the first demonstration from the audience. stu: we're going to have more on this because first of all senator cruz will be on the show about 10:30 this morning and we'll cover all these crazy youngsters sticking their hands to a wall and chucking stuff on paintings and -- lauren: the view went to a commercial break and i want to know what happened in the break and what it was like to be there. stu: we'll ask them.

latest fox power rankings are out. two weeks to the midterms, how are thing looking? lauren: republicans are getting momentum in the house and forecast to win a 16 seat majority and that is one more than last week and the gop would grab 233 seats, democrats 202. the senate still a tossup and all comes down to these four races, the ones we've been talking about: pennsylvania, georgia, nevada, and arizona. stu: and it's swinging towards the republicans there? lauren: yes, towards the republicans. stu: good stuff. thanks, lauren. now this, al sharpton, the rev rand al sharpton callingousing t democrats for ignoring,s important to voters. >> some of us saying to democrats, you've got to talk about uncomfortable things that are really concerning and that are very important to the base of voters that you want to come out and vote. so, yes, we got to talk about voting rights. we have to talk about democracy,

but we also have to deal with crime. stu: we also have to deal with crime, that's rich. jason chaffetz joining me now. >> he's looking at polls and surge primarily of lee zeldin in new york and probably going to be the next governor of new york because of the crime issue. this is stating the obvious. i think it's interesting that he calls it an uncomfortable issue because i think he knows the democrats have been ons wrong side of crime, they don't want to implement tough on crime policies. they've spent the last two years trying to get people who get arrested back out on the street as quickly as possible. that's why it's uncomfortable because it's counter to the policies they've implemented for the last couple years. stu: the rev rand sharpton spent his life pouring scorn and contempt on the police and now we better talk about it. okay, former president trump, he's criticizing florida's governor desantis over desantis'

support from moderate republican in colorado. at the same time we got a new poll showing the vast majority of voters want desantis to have influence over the republican party. jason, that seems like a split party to me. what say you? >> what election at a -- one election at a time. if those two would put that aside and get through the midterm and then clash all they want. ron desantis is far ahead of most other people, other than president trump, he's further ahead in terms of creating excitement within the base. young, aggressive, great success in a tough state like florida. his leadership on the hurricane, what he did against disney and the woke crowd. i think they really like -- look, i served with him in congress. he was a very good member of congress. he's been a great governor, and i tell you everywhere i go across the country, i hear more about ron desantis than anybody else. stu: did you hear his opponent

charlie crist said desantis was the worst antibusiness governor in florida. can you believe that? the audience laughed. >> i mean, it's hard to get through that without a smile on your face. charlie crist is done and he'll be sailing out on some beach for the rest of his career. i can't believe he got this far, but he's going to come in a strong second there in florida. stu: jason, thank you for joining us. we're having a fun time today. >> thanks, stuart. stu: we have the latest read on home prices but however, lauren, it's back ward looking from some time ago. lauren: yes, but it establishinged the start of the trend that exacerbated. the 20 city index fell 1.6% since august and that's the biggest drop since march of 2009 and rose annually 13% but the rate of increase fallen has dropped for four straight months and it's old data but bleeds into the cpi, which everybody looks at. i want to talk about regionally

f. you look out west, we have the biggest home price deceleration specifically, san francisco followed by seattle, both down prices by average of 4% in august. the reason is homelessness, crime, bad politics and people are getting out and voting with theravite. their feet. stu: thank you, lauren. back to the futures market down for the dow and up for the nasdaq but not by much. ryan payne is back. okay, ryan, last time you were here about three weeks ago you were on tape saying here comes a rally. you were right, we had a rally and where are we going from here? >> you put the pressure on and appreciate you acknowledge that had, we had the rally. it's a good point, where do we go from here? earnings have been pretty good. we beat expectations for the most part and coke c came out great and lockheed martin and buying back stocks and it's physical and the big question is housing prices coming down. is that going to feed into

inflation? is inflation going to come down and fed saying let's back off a bit? i think they will. stu: you're in the camp that says, yes, the federal reserve won't pivot but slow down the rate of interest rate hikes, is that what you're saying? >> that's what i'm saying, yeah. stu: you don't know, but you're speculating. >> speculating because you can't trust the fed. they lied to us last year, stuart, when they said they weren't thinking about raising interest rates and now they're saying we're not going to back off on interest rates, i suspect eventually here inflation numbers will soften a little bit and they'll have to take a pause and that'll be extremely bullish for the market. stu: yeah, exactly. >> which i think means the market will go higher. stu: if you've got a pause from the fed in raising rates and inflation is not quite so hot as it was, that sets the tone for a market rally. >> 100% and you have earnings coming in better than expected, next year earnings should be up and a lot of catalyst here and one thing i mention is money managers have too much money sitting in cash.

they're not sitting here listening to me obstructing cerumen your show in the morning, stuart, and they'll need to get invested here because they're underinvested at highest level since really like 2000. stu: real fast, this is the week for big tech earning ands to me it's make or break for the market. it could be that big of deal. what say you? >> i think yes and no. for the s&p, it's 25% of capitalization and tech is very, very important but for the overall market, it's not that big of a deal. it's one sector, it's not the most important sector moving forward because rates going higher and tech will be chalchallenged and not doing asl in the next couple years. stu: setting the stage for another rally and think the fed will ease up on interest rate hikes and inflation will not be so hot. that was me on tape saying that. you said it on tape; right? >> i said it on tape. next time do or die for me, stuart. i'll be under the microscope. stu: thanks, ryan. check futures one more time, please. still the same situation, down 100 for the dow and up about 20

on the nasdaq. what's coming up, new op ed says xi jinping is operating his dark vision for china next. i'll ask gordon because he's on the show next. president biden claims democrats are building a better america for everyone, no surprise here. he attacked republicans. roll tape. >> republicans are doubling down on their mega maga trickle down economics that benefits the very wealthy, fail the country before and will fail it again if they win. >> every day costs. stu: has he seen grocery prices or gas prices? we're on it and we'll be back. ♪

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stu: kentucky a chilly 62 degrees right now. lauren: workout music. stu: is that what it is? if you like the music we play, follow us on spotify "varney & & co." and use the qr codes on the screen. we have the dow down and nasdaq up 31. not that much price movement. look at these chinese tech stocks, i should tell you that these are today's numbers. they're all up a little. they were in free fall yesterday after china's xi was elected to third term and packed his

cabinet with allies and the golden dragon china ally dropped 14% to lowest in ten years. back up a little today. the president's advisers are negotiating a summit meeting with xi jinping in bali. gordon is with me now. if it's arranged, could this be a breakthrough and face-to-face meeting in a time of crisis? >> i don't think so, stuart. there's been a very dis-add venn -- >> the communist party a behind

the fentanyl gangs and we have opposed interest on fentanyl, and i think we need the administration to start acknowledging things like that because if we don't acknowledge those things, we don't do in ang effective about them. stu: xi is acknowledging his predictions sooner than expected for his dark vision. what's his dark vision for china? >> his dark vision is a totalitarian state where the state runs the economy and very little private enterprise and very little foreign enterprise and xi jinping has been clear about this and said the communist party has to absolutely control society and he must absolutely control the communist party and we're talking about a one man state. and this is of course empathetical to everything we believe and so certainly we've got problems here that are beyond what we normally think they are. stu: i'll go back to that forcible removal of tao during

the congress. i've not heard a good explanation for that so far and highly unusual. what's going on, gordon? >> well, it's certainly not what the news agency, the official media outlet said, which was a health issue. if it were, we would have seen two things, which were not on that video. one of them is surprise by the people sitting around him and also expressions of concern. xi jinping showed disdain towards a senior leader, and this, you know, americans don't really care very much about their appearance in a sense. in china, the culture -- this is flouting chinese culture thousands of years of it so disrespecting an elder here was something which completely flouted what the chinese think. stu: to me, it was stalinist. i read about the purges of 1930s

and '40s and seemed to be exactly the same. is it? >> well, certainly. there are reports, which are unconfirmed that tao's family has been rounded up, i don't believe them but nonetheless that's what the chinese people are saying. what's stalinist about this is that in this extraordinary event, this is one of the most extraordinary events in the history of china, everybody is facing forward with stony expressions and this is unbelievable. stu: and yet it happened and i've not heard a reasonable explanation for it. it blew me away when i saw that. gordon, great -- go ahead, last word to you. go ahead. >> xi jinping wanted to intimidate the communist party and the chinese people and the world. this was done right after foreign journalingists were let into the great -- journalists let into the great hall of the

people. stu: see you again. great stuff. >> thank you, stu. stu: on related note, there's charges against chinese nationals allegedly spying. lauren: ten chinese spies and three chinese nationals charged in three separate cases that appeared to be connected and accused of participating in schemes to recruit spies for china, repatriate critics of china back to china and obtain data about criminal investigations of -- please continue for me. stu: i'll continue because you need to cough. lauren: i need a sip of water. stu: continue with that. that scheme included paying a u.s. spy acting as a government agent $60,000 in bitcoin for bogus information. drink up. check futures please, we're down 80 on the dow and up 30 on the that's nasdaq the the opening bell is next. ♪

>> a look at futures approaching the opening bell, down 70 on the dow and up 30 on the nasdaq. stu: two tech giants, microsoft and alphabet report after the bell. will these earnings, big tech earnings, are they going to make or break the market? what do you say? >> stuart, my atlanta braves are no longer world series contenders so this is my world series. this tech week for earnings is the world series for the markets. i disagree with ryan because that rally he was talking about can't happen without good earnings out of tech this week so it's a very big deal. i'm watching google specifically. google is a recession resilient business. if we see slowing in search demand for google, that should tell us something about the greater economy but the one positive thing, stuart, the bar has been set so low. just look at google. there's been 36 downward earning shares or re-vegass and 35

revenue -- revenue downgrades and 8.5 year over year for going and will we get that but if there's -- google and if there's any weakness, we need to be buyers because you're going to get in on some names at a really good value where they're trading a few months ago. stu: next case, if the gop wins in the house and senate, if they sweep, if they did that, do you think that's a positive for the market? >> stuart, i watched this closely. the race has shifted. we're seeing gop take momentum in pennsylvania, georgia, here at herschel walker race, out west in arizona. we're seeing a shift. the republicans pick up the senate. i don't think it's a red wave, i think it's a read tsunami, and i think that's good for markets and earnings. businesses are making decisions today on whether they want to make investments that are going to impact them 3 to 5 years from now and they make those decisions if they believe the regulatory environment for their businesses will be better. i think this is bullish for

stocks, stuart. i think the rally, hold on, stuart, i'll go on record, this fourth quarter could be a massive rally if republicans take back both the senate and the house. i've been pretty clear on that and we need to be invested now to take advantage. stu: you think it's that big a deal, massive rally in the fourth quarter if the republicans take the house and the senate? repeat that, please. >> stuart, to the mother that's trying to put food on her table and paying $8 for eggs, i can tell you that the cavalry is coming and i tell this to all americans, i think the cavalry is coming. i think it'll unleash a wave of hope that things can change because the status quo, stuart, correct me if i'm wrong, it's not working. somethings that to change. i think that'll be a psychological and a momentum shift for the american consumer that will impact earnings. stu: would you buy any big stock

now before the earnings and before the election? >> so obviously this is a big week. i would buy google. google is one of the largest positions so i put money to work in going and will buy before the earnings and i think amazon is a good stock to own. i just think these names, stuart, even if we see a bit of weakness, they're already trading down at levels that are so insanely low that you can put money to work in google even in microsoft and amazon. today i stay away from facebook, i stay away from paypal but those big three i think you can confidently put money to work and it'll pay off first part of next year, sir. stu: okay, david, you are on tape saying that. let's see how it all turns out. thank you very much for being with us and being specific, david. we appreciate it. good stuff. the opening bell is ringing. we're almost there and now we're there. it's 9:30 eastern and it is tuesday morning, and we're off and running. where are we going in we're down

just a little on the dow, not much, 47 points lower and see winners at the top, cocker home depot -- coke, home depot, apple, visa, pro proctor & gamb, they're all up in the early going. s&p 500 to the upside a tenth of a percent higher and nasdaq composite is up pretty good, 0.42%. i've got to tell you, that interest rates, 10 year, 2 year treasury rates are down a little helping big tech and meta is up 1.5%, asp -l 15 0e, alphabet 102, microsoft 108 and a.m.son at 120. some of the big names reporting before the bell. start with coca-cola. lauren: i've hydrated. here's the deal with coca-cola. they raised prices not once or twice but multiple types. we accepted all price increases. they're betting that that continues and we're not pick muched by inflation coming to their products so they upped

their full year outlook and the stock is up 2.5%. i broke this out. if you buy one can of soda they sell in a 12 pack, any can in 2019, that cost you 35-cents per can in the 12 pack. now that same can is 51-cents. that means in four years, the price of soda has gone up 45%. stu: but we're buying it. lauren: exactly. stu: they've got pricing power. lauren: we have purchasing power and they're resilient. general motors took 170,000 reservations for new chevrolet silverado, 170,000 reservations for the ev pick up. the average selling price for transaction price for their cars is topping $51 no. cars are expensive. then remember -- $51,000. cars are expensive.

then the thousand car pile up and supply chain issues and couldn't deliver the cars. they did. they delivered about three quarters of them and the supply chain is finally improving. and that could be a recession their signal and less demand from other aspects but for gm right now, it's a good thing. the stock is up nicely. stu: show me jetblue, any good news? down 6%. lauren: yeah, this is harsh. they managed to post a profit, that's good news. their costs are going up 35%. i think the cost of jet fuel; right. but that profit, a big deal shy of estimates. stu: down 6%, my goodness, $7 a share on jetblue. ups, they shipped less but charged more. lauren: volume fell, fell 2% and fedex volume fell worse and ups doing better. it's not a bat report card and -- bad report card and that's not bad news ahead of holiday season. stu: got to get back to big tech earnings and start after the

bell this afternoon. what are we looking -- what are analysts looked for in big tech? lauren: david nicolas likes google and looking at alphabet and break it down a lit and will big theme is that there's still growth but it is slowing growth. so overall revenue is a big number, it's expected to come in at $70.6 billion in one water. that's an 8% increase but the fifth straight quarter of a slower pace of growth. that's the theme. they're tightening or seeing companies tighten their advertising budgets, that hits you too, a moneymaker and look at cloud segment. revenue growth there, 33%. stu: good lord. lauren: but down from 50% that they saw over and over and over again. stu: growth rate but that's the big deal. what about microsoft, i got a

small deliver of this. lauren: the issue for microsoft is we're buying fewer pcs and spending less money on software than windows. overall the numbers shy of $50 billion for the quarter looking at revenue and that's the slowest growth in five years, stuart. azure, the cloud, expected to bring in $23.7 billion. stu: one division. lauren: one division on the bulk of the growth. stu: 248 on microsoft right now and let's see where it is this time tomorrow morning and only time will tell. lauren: they're a dow strong stu: yes and apple and they've got earnings reports later this week. lauren: yeah, thursday. hie they hikes price on the services. this is a huge deal. apple music goes up from $10 to $11 per month, it's a first. apple tv from $5 all the way to $7. the bundles go up in price too . even apple is pinched by inflation. i think that's the take away. and the other take away is, oh,

if apple -- if apple is doing this with apple music, can the other streamers do that too like universal music? stu: fair question. lauren: can we pull up universal shares right now. they should be up sharply. well, they're up. stu: only time will tell. moving to amazon. it's down this morning. they've got -- this is important, they've got a hiring freeze on their very important cloud division. lauren: yeah, that's what the new york post is reporting, a hiring freeze in that block buster division. it's shocking because there was another report not so long ago that said there's going to be cutbacks and freezes but in the other divisions like logistics and retail. not in the cloud so if this post report is true, that is not a good sign for amazon. stu: however, the move to unionize amazon workers at a warehouse in california has been called off. that's a very mild positive. the canopy, these are the

canadian weed people, they're setting up a holding company in america. what's that mean? lauren: they want to be in a position to benefit if the white house reclassifies marijuana. president biden said he wanted to do that earlier this month when he announced the pardon of federal offenses for possessing marijuana. so what c canopy growth is doing is fast tracking their growth into the u.s.. stu: i wonder if the president will do that before the midterms. lauren: in the next 14 days? i don't see it. stu: wouldn't be a vote winner. don't think so. thank you, lauren. small move down for the dow industrials. you're up just 43 points. all right, time to look at dow winners. what's on that list today? top of that list, i'll tell you right now, it is american express having a good run recently, home depot is up there, coke, sales force and boeing up there as opposed to s&p 500. i don't know that one.

don't know what that is. intuitive surgical and look at that, up 4%. nasdaq winners, paypal up 4%, intuitive surge gal up 4%. zoom 2% and velacian corporation up 2%. president biden forgot how his student loan bailout got passed. the white house had to come out and correct his statement. in a new video, putin seeing iv marks on his hand so there's speculation he's fighting cancer. it's pure speculation. but we'll bring it to you anyway. president bind criticizing mega maga economics and got a certain ring to it. i wonder what larry kudlow says about that. he worked in the trump administration. he'll take it on, next.

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lauren: we're 12 minutes in and dow down 40 and nasdaq moving nicely and up nearly 80 points. take a look at it. this. 3m is a dow stock and dragging the whole index lower and down nearly 2% and not sure how many points that accounts for but without 3m, the dow would break even right now. president binden -- biden is doubling down saying republicans will increase costs. >> republicans are doubling down on mega maga trickling down economics and they've failed the country before and will fail it begin if they win. democrats are lowering your every day costs like prescription drugs, healthcare premiums, energy bills and gas

price. republicans made it clear, at least they're being honest around this time and telling you exactly what that they want to do if they win. they'll increase every day costs. stu: i just don't get it but larry kudlow joins me right now. larry, the president bind, i don't think he -- biden. i don't think he makes economic sense. he's not lowering prescription drug price or healthcare costs or energy costs, he's not. he thinks he can do that in two years from now. we've got inflation right now. larry: look, point number one is president biden is just incapable of speaking the truth on the economy. i mean, he's just incapable. all these statements are just fraudulent statements. i mean, since february of 2021, the consumer price index has gone up 13% and it's hovering all this year at 8 to 9%. when he came into office, the inflation rate left by trump was barely above 1%. the economy growing at 6.5%,

okay. now the economy is falling and it's contracting and we're in a recession and we have all this inflation. stu, i want to just say this, look, regarding this mega maga whatever he says, it's really mega maga democratic malarkey. those trump tax cuts and biggest ben fish rares were the blue collar middle and lower income middle classes. may i read you numbers, please. facts have to play into this. okay. the real wages road typical family, real pages, $6500 increase in 2019 alone, pre-pandemic, 4400 and that was the fastest gain from the prior -- compared to prior to 16 years and point number one. point number two, the wealthy, really, real wages for the bottom 10% increased by 8.5%.

for the top 10% only 5% and finally regarding wealth, real wealth, for the bottom 50%, the bottom half, all right, of the income spectrum, real wealth up and don't forget the trump tax cuts put a stiff cap on state and local deductions aimed at the wealthy because these blue state democratic donors were getting in the way with murder by deducting all the high taxes. every sedge number shows that the trump tax cuts were a blue collar boom and had nothing to do with tax cuts for the rich and so forth.

stu: if republicans win the house and senate, can they fix the border crisis? i'll ask texas senator ted cruz ted cruz. , he's on the show. former house speaker paul ryan does not expect trump to win the republican nomination in 2024 so who does he think will get it?

i'll ask him after this. ♪

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recognize that, gentlemen, to the guy in the right of the center was former speak of the house, paul ryan ringing the bell at new york stock exchange this morning and paul ryan joining me right now. i should tell everyone mr. ryan is a member of the fox corporations board of directors. mr. speaker, what a pleasure to have you with us today. >> yeah, good morning, stuart. nice to be with you today, thanks for having me. stu: been a long time. your splat went public granite ridge resources and what are you doing with fossil fuels? >> producing more of them. it's a great bet. look, i'm a big believer in american oil and gas and biden administration had terrible policy on this front and american oil and gas is great for jobs, great for foreign policy and bringing inflation down and granite ridge is a non-omittomitterring oil and gas producer -- nonoperating oil and gas producer and gives investors

access to private operators and it's a great investment and it's a scaled firm great management team and no debt and good free cash flow. we're very excited about this asset and very excited that it was publicly listed this morning and we're excited about the future of this and it's a good bet on american oil and gas. stu: if you can get good american oil and gas out of the ground, we're all for you, sir. let me tell -- >> that's the whole point of it all. stu: absolutely. is donald trump electable in 2024? bearing in mind that you have a history with mr. trump? >> yeah, everybody knows our feelings toward each other i guess i should say, my point is we're going to want to win so badly and beat biden and the democrats in 2024 that we won't nominate trump because we want to win. the new swing voter american politics is the suburban voter and it's really clear, the suburban voter doesn't like trump, but they like republicans so i think anybody not named trump i think is so much more likely to win the white house for us and sort of like what the

democrats did, what they went trust worthy dean to john carey in '04 and bernie and joe bide ton win in 2020 and the same thing for us. we'll want to win the white house so badly and beat the democrats and we're so much more likely to lose with trump because of the fact that he is not popular with supporter suburban votersand we'll want t. we've got a great stable of candcandidates and any of whom e capable of getting the general election. election. stu: are you a desantis guy? >> i like all of them. i like ron, i like glen youngkin and mike m pompeo and ni n nikky and we lost the house, senate and white house in a span of two yeyeyears and id oint want to repeat, i want to win.

we'll nominate someone to win. stu: look to immediate futures and november elections, are you looking for a sweep, republicans win the house and senate? you think? >> i feel very good about it. look, i don't think i felt this good in se august or september, but i think the trend lines here in october are looking great. my own senator ron johnson's been polling consistently in the 50s and really good for incumbent and i feel like we'll have a great night for the house. i thought it was about 15-25 seats and more like 20 and 30 seats. in the senate, senate is a hard call and trend lines going the way they're going i feel good about the senate as well. stu: i'm reading between the lines, mr. speaker, and i don't think you miss politics at all. >> i love the private sector, i get to teach at notre dame, i got book coming out at aei on how to pay off the national debt and get to do a lot of fun, private sector stuff. it's pretty nice actually. i enjoy the private sector. stu: mr. speaker, thank you very much for being on the show this

morning. congratulation on the career change. all good stuff. thank you. >> thank you. stu: we just got this coming at us, former defense secretary ash carter has died at the age of 68. his family said he suffered a certain cardiac event. carter served during the final two years of the obama administration. that's just coming to us. still ahead, senator ted cruz will be joining us. brian kilmeade as well. charlie herd and california congresswoman michelle steele. 10:00 of "varney & co." is next. ♪

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stuart: this is just for lauren, elvis. good morning. to the money, are you in the green, the dow is up 200 and the nasdaq is up 167 points. th