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stuart: dean martin. why don't we go back to the 1950s? dean martin. that is fox square outside our studios. 10:00 eastern. to the money i see green, dow is up 400 points helped by chevron and apple. the 10 year treasury yield hovering around 4%, dropped below $0.40, doing the nasdaq some good. 396 on the 10 year. they turn around, one loser, amazon still down 10%. price of oil $80 a barrel down $0.48. in important indicator, the consumer sentiment indicator. lauren: slightly better at 59. 9, final number for the month

of october. i'm trying to get the expectation of inflation. those numbers are sharply away. blue one consumer sentiment slightly higher. we have pending home sales. lauren: a huge fall. this is for september, supposed to be down 5%, they came down 7.6%, down for 10 of the past 11 months, we had the increase in gdp. looking at the housing component, 6%, this adds to the story we have been saying all year. stuart: ouch in the real estate market. i don't think it had any big impact, the dow is up 400 points. it has been a bad week for the president, how the president is perceived.

he called vice president harris the president, fumbled the name of the new prime minister, was confused about the student loan handout. when he took office, he said it was in ruins and gas was $5 a gallon when he took office, that is not true. he did this in one week. no one wants to pile on. he's the president of the united states, america wants and needs a focused and energy leader. he is not focused, watch out of he strays off the teleprompter, he's not energetic, frequent reappearing tired and worn out. everyone sees this. members of his own party keep him at arms length. many press don't want him to campaign with the. 's white house staff keep them under wraps because they know the damage he could do even with a friendly interviewer. he has been wheeled out occasionally to make a brief presentation from the teleprompter. who knows who's really calling the shots.

i think his presidency is already winding down and goes into a tailspin of democrats lose big in the midterms. president biden turns 80 in three weeks. second hour of varney just getting started. president biden falsely claimed gas prices were over $5 a gallon when he took office. watch this. >> most common price of gas in america is $3.39. down from $5 when i took office. stuart: it was actually $2.39 when he took office and tammy bruce joins me now. i believe the presidency is winding down. am i going too far? >> i don't think so. with the way the trends are for the midterms if they have a chance of holding the white house they need somebody who is a candidate who can win and

that someone will need to be built. it is somebody who will need to be getting a profile and is going to know what to do and what their job will be and that's not kamala harris. they have to start fresh and have to think out of the box because at this point they have been denying what is going on when it comes to the country and they don't have high regard for the american people, they think we are a bunch of rubes sicking our thumbs and they can roll over us like a monster truck, they have been mistaken so we have had it and it is a matter of being lied to or having the president and others being mistaken. this is not a political game of battleship on the computer. this is real life. people's lives, the futures, some people aren't going to have 20 or 30 years to rebuild

their accounts, rebuild their lives. this is an excess essential threat and we are worried about being too harsh with the president. i understand that sometimes, seem to be not worried at all how harsh they are on this country and the average american. stuart: the current trend is towards the republicans taking the house and the senate. after that vote i don't see, he will stay in office but i don't see how he can say i'm running again in 2020. >> it is a problem with not knowing who is running the country. the same people who got us here would remain. he becomes a friend that you shift out and put another placeholder in. this is why the constitutional republic requires people to punish a person or remove them who is a mistake or creates problems. when people are not elected are running the country we don't have that luxury.

this is why the republican dynamic is a referral. what party you are in. if the future matters to you. his tendency, not just that he has a problem going off the teleprompter, they are worried he may tell the truth about what he really thinks or what they are doing or he will go off the line with a narrative because this is what we have seen him do sometimes and they are worried about it. stuart: someone else is running the shadow. >> it must be a distinctive message and i think we will have it. stuart: more on this line, president biden's recent gaffes so out of line that fox tracked his gaffe average. lauren: 17 gaffes between the end of september and this week. translation, about one

thousand. let's show you the most recent. >> president biden: happy birthday to a great president the we know all the time. if you don't have one of those loans you get 10,000. it is past. got it passed by a vote of two. including bipartisan government. senator booker, representative jackie -- where is jackie? she must not be here. >> that was the worst one, the congresswoman, jackie wolarksi died. stuart: i do not want to pile on. here is a good point, political election's forecast shifted 3 house races shifted in favor of the republican. >> for the house, in the suburbs out west, the forecast

shows these three have shifted to the gop, go to district 27 in california north of los angeles, mike garcia is the republican incumbent running against kristi smith, his focus, inflation, incurs abortion, this is lean republican and that is why the super pac that supports house republicans poured $235,000 into this race. stuart: that is california. lauren: outside san diego they went from democratic to tossup and in oregon, 50 strict around portland, politico says they are leaning republican. the gop candidate is pounding inflation. she is ahead of her opponent, jamie skinner who is pounding inflation but slamming chavez as a multimillionaire and out of touch. stuart: the senate race

shifted, which one is that? lauren: arizona between democratic in competent mark kelly and blake masters. it is a tossup instead of democratic. the average has kelly just 1.5 points. it is so exciting what could happen a few days from now. stuart: if you are a public and it is exciting. lauren: the big players are pouring money into specific races hoping to change things. stuart: back to the markets. good to have you on the show, sarah. if i am a long-term investor should i be buying now, big tech? >> a great question. we've seen a massive week for earnings and the old guard fall. when i say old guard i mean big tech. in the short-term it is difficult. interest rates rise and companies still challenged but if you are long-term investor

like you said, think of the opportunities that could be created. in the words of warren buffett be fearful when others are greedy and greedy when others are fearful and how much fear is out there now. i would say look beyond big tech too. if you think of the top companies today, where were they 20 years ago, look at the early 2000s, the top companies, only one overlaps with the top five companies today. you need to make sure you are vigilant of companies that could be the companies of the future and they might not be included in the s&p or the dow or the nasdaq because they are not large enough. look beyond large tech and structural growth mis structural growth memes like cybersecurity.

stuart: i see big energy doing well, has all the upside move been ready? >> we are optimistic, up 60%, we are adding energy stocks to portfolios because the inflation hedge, if you look at valuations, still not operate. stuart: there will be some buying done today by people with a longer-term perspective with prices down as they are. we hope to see you again soon. let's get to apple. it is moving nicely. 5%. lauren: she just called them what? old big tech? okay.

morgan stanley give them a price target and says the guidance is better, the bar is low and they are considering apple much better than their peers. stuart: earlier when going through the list of big winners, gilead was on the list of top performers up 10%. lauren: they raised forecasts not because of covid treatments but big demand for cancer and hiv drugs. stuart: i also saw kids clothing, why are they down? lauren: they cut their for your forecast on reduced discretionary spending, you're not buying as many clothes. the ceo says the holiday season there are indications holiday shopping might not be as robust and you get good deals so if they have a massive inventory the deals will be better and he's worried. stuart: there is a possible rail strike, lots of businesses

worried what will happen come the holiday season. what is the latest on the real crisis? lauren: inflation, if comedies can't shipped by rail and are more expensive this is the latest. the president helped broker this deal last month but 12 unions involved have to ratify it to ever a strike next month before the holidays. two have not, four haven't voted yet, business group wrote a letter to the president of they say intervene right now, get the deal done, we cannot afford higher prices. stuart: so long as the strike didn't take place before the midterms. lauren: if you got everybody to agree, the prounion president. stuart: elon musk's twitter takeover is a done deal and he has top executives heading for the door. steve hilton will deal with musk's plans.

after the company forecast sluggish sales for the holiday season, jeff bezos's net worth, we will tell you how much you lost, senate majority leader chuck schumer admitting democrats are, quote, in danger in the midterms. >> it sees that. stuart: pennsylvania congressman guy rosenthaler is on the show. i will ask how much the debate hurt fetterman next. ♪ ♪ i heard it through the grapevine ♪

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stuart: president biden and vice president harris heading to philadelphia to campaign for john fetterman just ahead of the midterms. what can we expect? >> reporter: good morning. we can expect president biden and vice president harris to speak at the state democratic party fundraising dinner tonight in the philadelphia convention center marking president biden's 21st visit to pennsylvania, much more than other battleground states like georgia where he went three times. john fetterman is expected to speak to the crowd. earlier on in the campaign fetterman's campaign distance itself from biden but they have since made two public appearances since september. today's visit comes as fetterman tries to reassure voters that he is fit for

office. change i believe, so to my doctors believe, that i will be able to return to being will back on 100% as long time keeps going longer and longer. >> reporter: biden and former president obama will be in pennsylvania november 5th. obama held big events in 2016 for hillary clinton and in 2015 for biden, two ads playing throughout the commonwealth starring obama. is closing messages and the economy. >> we can turn a blind eye to white nationalism and conspiracy theories or fight for in america where truth matters. when the fate of our democracy and a woman's right to choose are on the line, i know john will fight for pennsylvanians. >> reporter: i'm told to expect fetterman to campaign with democratic gubernatorial

candidate josh schapiro who has a 22 point lead over republican doug mastery otto --mastriano. trump is coming to rally for dr. oz. stuart: senator chuck schumer caught on a hot mike admitting democrats are in danger in pennsylvania. role it again. >> i am worried. it looks like the debate didn't work in pennsylvania. stuart: guy rosenthaler from pennsylvania joined me now. how much did this hurt fetterman in your opinion?

>> the debate didn't hurt but not to the extent that fetterman's policies are hurting. most voters in pennsylvania are concerned about 3 things, inflation, the economy, crime and it's those 3 points the killing fetterman. the more people realize he is a trust fund baby, the more they hear he wants to release 1/3 of all prisoners in pennsylvania and get rid of second degree murder, that scaring people especially suburban voters who see the crime rate spiking in philadelphia and pittsburgh. it didn't hurt fetterman, probably hurt him a little, the debate a bully hurt fetterman a little, what is really crushing fetterman is the crime issue and the inflation and the economy. stuart: i'm interested in the fracking issue. pennsylvania is a major league fracking stay. four years ago fetterman said

he didn't want anything to do with fracking, now he is all over the place saying i do support fracking. what to people of pennsylvania think? do they support fracking? >> it is popular especially what we described as the areas that are not pittsburgh and philadelphia. it's an economic driver in the state of pennsylvania. if we were to unleash the national gas sector we would have much more power on the international stage and people understand that. it is not just about energy but also petrochemicals the going to the manufacturing cycle and the power we would yield, a net exporter of energy but fetterman, not just one statement that contradicted himself. this is a guy that signed a pledge, made a public deal about signing a pledge to ban fracking. he said fracking is a stain on pennsylvania. that rhetoric will not help him

especially with the trade unions, labor, those trades that rely on the oil and gas industry. stuart: thank you for joining us. all eyes on your state 11 days from now, see you again soon. we told you about california banning the sale of new gas powered cars. the european union plans to do the same. we have that story for you. the administration is forced to scale back a plan to impose a price on russian oil. grady trimble is going to tell us how that affects us as we deal with soaring energy costs. we will be back. ♪ energy ♪ energy ♪ energy ♪ energy ♪

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the screen. let's move on. look at this. the dow industrials up 500 points and the nasdaq up one hundred 13. i will call this a continuing rally. i went to see more. lauren: the nasdaq is on the lead. i was doing the math in my head. exxon, we talked about apple earlier, they are posting the same profit in the quarter. exxon and apple, $20 billion. when you think of it like that, leadership is shifting. stuart: who is expecting the profit in one quarter for exxon is similar to the profit of one quarter from apple. it is an astronomical number. lauren: when you look at some of exxon's fears that shifted to renewables, exxon continued to invest in fossil fuels and shifting. they are doing better because

of their investments. stuart: bloomin brands. lauren: completely flat, shares had a 2 month high. the point is they are managing inflation. raising full-year forecasts and money prices and customers are coming in and traffic is good. stuart: travel and leisure. lauren: it is down 2%, take s the price target from 77 down 31. stuart: like the sound effects. lauren: they spoke of it, atrophy in their vacation exchange. stuart: good word rarely used. the biden administration, g-7 nations, finalizing a price on russian oil. what does this mean for energy prices here? >> reporter: the biden

administration hopes it columns prices. russian oil flowing to market. funding the war on ukraine. >> the price stabilizing energy prices, developing with greater leverage for better prices for russian oil. >> that's the best case scenario something secretary yellen is wearing rose-colored glasses. developing countries would have to buy into a russian oil price gap for it to work. in some developing countries, most notably india and china might not participate. russia itself said it won't sell to countries that impose a cap. a recent report from s&p global found moscow may be short over 100 tanker ships to circumvent the, leading to higher oil prices.

a group of 13 republicans for the house oversight committee looking at the biden administration's misuse of the strategic petroleum reserve. the spr holds enough reserves to offset us consumption for 50 days should imports cease. to cover additional foreign fuel bands are price fluctuation is a shortsighted fix that could exacerbate former ability. all of this comes as winter approaches as home heating and energy prices in europe and parts of the us could get worse. we talked about that over and over as it gets colder. stuart: saudi crown prince muhammad bin salman has marked president biden's age, has been impressed with biden since his

days as vice president. the saudi's, you've just come back from saudi arabia, the saudis are not popular in dc or with this administration. is america popular with the saudis? >> the answer is both countries are thinking about each other with puzzlement. remarks from the wall street journal piece, haven't been able to confirm that is what the crown prince has said. that is an enormous -- anonymous source. i was a guest of the secretary-general, the most senior figure in islam and saudi arabia and globally and an advisor to the royal court. they have deep regard for the united states, values, free speech, they are puzzled by this administration. and called saudi arabia a pariah and done damage, the

relationship is at an all-time low. stuart: secretary blinken says the saudi's recent aid to ukraine does not make up for the opec plus cut in oil production. where do our ties with saudi arabia stand? >> there is an 80 year relationship as old as the president between saudi arabia and the united states. relationships are very deep, saudi arabia is head of opec and opec plus, consortium of 23 countries balancing the market with her decision of reduction cuts. the price of oil fell and that should be benefiting the world. we talk about huge profits that you just mentioned the. enormous amounts of that is a tax base for the federal government so that is not mentioned to the american public. it is not strained to the point of breaking but the communication for the united

states is negative, hostile and pandering to a pre-midterm population in the united states that is about to hammer this administration and saudi arabia's aid to ukraine a $600 million in aid directly. the crown prince and his leadership has intervened to save the lives of two american hostages, british and american citizens, releasing them from russia extending the visas of ukrainian residents in saudi arabia indefinitely and voted alongside other nations against annexation and this portrayal of saudi arabia being an ally of russia is false but serves the biden administration propaganda to demonize saudi arabia for these price hikes. putin was the aggressor but the united states chose to sanction oil affecting the global markets about to get worse. the you but he did crunches

sanctions on russian oil further so we will talk about this again in december. stuart: thank you, appreciate this. the european union is going to ban the sale of gas powered cars. when does this happen? lauren: by 2035. it will be impossible to sell a diesel or gas powered car or van in european union countries 13 years from now. if you are going to do that you need an affordable supply of evs. there's fear of the have anna affect, vintage gas guzzlers on crowded streets because nobody wants to give up the car they paid for but i see europe in this direction. stuart: that is an impossible target as far as i am concerned. lauren: that is what automakers say. >> opec addicted no falling demand in oil until 2045 and i wonder if that affects the

share price of oil majors. perhaps there will be thes in europe and the us but oil operating elsewhere. stuart: a former saturday night live star assaulted in an unprovoked attack outside a comedy club in new york city. is the issue of crime in new york. growth rates are slowing and it would not take much to tip into a recession. the president thinks otherwise. watch this. >> president biden: economic growth is up, price of inflation is down. the price of gas is down. folks continue to spend, but a more stable pace than during our rapid recovery last year. stuart: that is what he said yesterday. peter doocy has the latest economics been from the white house next.

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stuart: the administration is counting yesterday's strong gdp numbers. peter doocy at the white house, top economists morning growth rates are slowing. >> reporter: this may be a surprise but president biden is claiming this is better-than-expected, the report is good because his policies are working. >> president biden: there's nothing bad about the report. the core inflation is down a point and a half. a situation where we have created more jobs. >> reporter: the president is talking about inflation at he says congressional republicans agenda is different, it would drive up inflation and add to the deficit by cutting taxes for the wealthiest americans. it would raise the cost of

prescription drugs, healthcare and energy for american families, the president is focusing on republican plans more than his own but no matter what republicans do or what democrats do, there is trouble laying ahead. >> there will be natural gas shortages around the world, the winter of 2023, a disaster is looming. offer natural gas has been gobbled up by europe trying to get through this winter. what is left up for next winter end of people get colder this winter and see their bills go up absolutely. let him veto and explain why venezuela, putin, opec, is better than we have at home. >> reporter: there is so much going on and we are so close to the midterms, president biden is not out there campaigning very much. he has a reception in philadelphia tonight to benefit john fetterman. next week he will go to florida

and new mexico that he is steering clear in case something changes from the close senate races in georgia, ohio, and nevada. stuart: thanks very much. amazon is building a new factory. amazon builds factories? what is this going to do? lauren: for making internet broadband satellite. stuart: like warehouses. lauren: they want to put thousands of these low orbit satellite in orbit by 2026. it is really cool. space x and elon musk have a big star to. where is the factory? seattle suburbs, 172,000 ft. . they have a prototype that is very large and they hope to leverage other benefits -- businesses to give you great broadband service, they have the cloud to provide the

networking and all the logistics they have. stuart: maybe it is time to buy amazon stock. lauren: it was worse after hours, much worse. stuart: 11% or 12%. the houston astros will take on the phillies as the world series kicks off on fox. ticket prices surging and connell mcshane has the report from minute maid park. mattress max stands to make a big payday if astros with the world series. jim mc inveil will tell us about his bet. ♪ ♪

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stuart: i'm going to call this a rally. dow jones industrial average is up 1.7, only slightly behind is the nasdaq composite which is up one hundred 80 one which is one. 68%. the s&p is up one. 5%. i would call that a rally. i hope it holds. the astros take on the phillies

in game one of the world series and it is on fox. connell mcshane at minute maid park. how much are tickets going for the secondary market? connell: we are looking here, $1500, a little more than that. the series goes back to philly for game 3, the price goes up $3000 on average. you look at it and say there is pretty good demand, people are excited about the world series, the astros come in, 106 regular-season games to the phillies, houston has not lost a single game in this postseason. there manager is dusty baker, a terrific career when he was a player. the thing about dusty baker, he has won more games than any manager in the history of baseball who has not won her world series. one of many storylines to watch as he gets another shot at it

this year. >> i'm just a ballplayer who's trying to play ball. if i win one i win two. i win one first and then work on number 2. connell: the phillies hope they are the team of destiny. last sunday, here is in philadelphia. one moment during the phillies a trip to houston. this will go down as one of the great moments in baseball history no matter what happens in this series but the astros get it started. a lot of excitement building, game one. it is on fox. one weather note, it is raining come in not a problem, they have a retractable roof and it is closed. one less thing to worry about. stuart: is that really baseball with a retractable closing roof? is it?

connell: it is better than the alternative which would be baseball in the pouring rain. a couple years ago the roof leaked a little bit when it was pouring rain. fingers crossed history doesn't repeat itself. stuart: i am sure they fixed it for the world series. thank you. i want to check big tech, very much the news today. you are looking at apple up 7%. amazon down 8%. meta platforms below $100 a share. interesting numbers here. this week, which is a reporting week for big tech, those big tech stocks lost $950 billion just this week. this calendar year big tech stocks of lost, their value has dropped $3.5 trillion, all down to this exceptionally low level in the question, is this the

data by -- the day to buy? you are can expect these prices to be up. lauren: you might be right. they have been ringing the alarm bells, maybe the last one yet. investors are choosing to ignore it. big tech has been taken down. stuart: there is some bounce back, apple is not taken to the cleaners. they are at one hundred 55, up 7%. somebody is buying that an expectation it goes up some more. microsoft is up there. they have bounced off of their tragic low, down $230 a share. >> reporter: apple and microsoft aren't safe, who is? if you look at apple, there expensive iphones are selling

the best, that is a good sign. stuart: do we have mattress? i was tap dancing on the big tech. mattress mac is with us, jim -- jim mcingvale, you bet on the astros to win. if they win -- how much do you make? >> i bet $10 million on the astros. i make $75 million profit. stuart: not bad. what odds you get? >> i got so mad at 1220 some, the whole $10 billion amount. the principal win 75 million to get to the extra $10 million principal. stuart: if you win $75 million what do you do with the money? >> payback our customers who participated in this promotion and said if the astros win the world series you are free.

lot of customers participated and they will be happy if they get the money back. stuart: how many customers are going for this? >> 3000. stuart: what happens if you lose? >> customers get -- they are regular and if the astros when they get it for free. a great deal for the customers and a lot of excitement, if we went to a hometown team like the astros lodz stuart: you generated some publicity. jim mcingvale, mattress mac as you are known. i hope you win the money. still ahead, former westchester executive rob astorinoh and kate's trostle too. the biden years don't feel good, you don't feel financially secure if inflation wipes out wage gains, mortgage

values doubling your value of your 401(k) drops by 1/3 or more, this is a huge red flag for voters, 11 days to the midterms, "my take" next. ♪ ♪ is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. then i got the dexcom g6. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2.

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>> this is not a political game. this is real life. people's lives.