& bath fitter. before.. & bath fitter. if you have a "before" bath, now's the time to call bath fitter to get a beautiful "after." with our unique tub over tub process, there's no mess or stress. spend smart on a beautiful new bath done right, backed by a lifetime warranty. join over 2 million happy customers who know: it just fits. bath fitter visit bathfitter.com to book your free consultation. ♪ ♪

♪ stu: that'll get you going. good morning, everyone. it's 10:00 eastern. i'm ashley webster in for stuart varvarney. let's get to the market. the dow off 340 points and s&p, nasdaq firmly down also more than 1%. take a look at 10 year treasury yield that has been on the rise, no be surprise with what the fed is doing. it's mad routed a bit -- moderated a bit up 4.17% and taking a look at price of oil. that's been moving lower now down nearly $2 at $88.70 a barrel and bitcoin around the same range for awhile around

20,000 and $27 or $20,090 for bitcoin. we just got the latest read on mortgage rates. lauren, the number please. plea. lauren: okay. for mortgage rates they went down a bit and hovering near 7%, ashley, 6.95% from last week and shall i remind our viewers and if you took out a mortgage, 3.9%. that's red hot. it's hot no more, sorry. ashley: yeah, more than doubling. lauren, more info. the month of october was $54.04. the prices paid component and in september it was $68.7 and road -- 68.7 and the market is coming off the lows and maybe

this sends the signal to the fed that inflation is still an issue, clearly with prices paid. they have to keep hiking and we were spending so much on services and it was a growing and booming part of the economy and overall number came down just a bit. ashley: elon musk met with left wing about victimses to discuss twitter's content -- activist to discuss the twitter content issues. hi, brian, do you think this will help ease tension from the left? what do you say? >> no, no it won't. nothing will ease tension from the left. i don't get -- okay, i get that elon is going to hear out all

these voices but at the end of the day, the sensorship crowd is incombatable with the free expression -- incompatible with the free expression crowd and the center of moderation and i wish he'd abandoned that and abandoned the whole idea of some group of people who are going to make these decisions, let twitter users moderate their own feed and let third parties come in and curate content and things that people can subscribe to and follow the vice ifs they want to and -- voices if they want to and they're coming into the conversation and they want one thing to weed out their definition of misinformation and disinformation, and we've seen how that's played out over the past couple years and that's not a recipe for free expression and it's a problem in my view. i hope musk met with them and said thank you. we're going to move in your

direction. ashley: the problem is everything that they categorize as misinformation is a opinion that doesn't agree with theirs. stay there, brian. stay right there, brian. lauren has locked the studio doors so you're with us for the hour. she always does. congresswoman alexandria ocasio-cortez is going after elon musk over the platform's paid subscription. what's going on here? lauren: this is overpaying for the blue verification check mark and laughing my butt off at a billionaire trying to sell people on the idea that free speech is actually $8 a month. he claps back and elon musk says well, your feedback is appreciate now pay $86789 he8 ae doesn't stop there and neither does she. he posts a picture of one of her sweatshirts that sells for $58.

she wednesday that had and elon is made by union workers and the point is everything the two of you just said aoc is the left. she hates elon musk and everything he represents. now he's making big changes to her platform; right. and that's opinion. here's news, bloomburg is reporting the blue check mark fees starts on monday and in the next few days, musk cuts half of the twitter staff, 3700 workers and tell them if you want to come here and work, come in physically to the office in your chair. ashley: that sweatshirt is $58. she's right, absolutely because he was made by union workers. that's the high cost. the white house just deleted a tweet that boasted about raising social service accounts. social security accounts. after being fact checked by twitter, what did the white houssay then.

lauren: seniors getting the biggest increase of social security checks in ten years through president biden's leadership. they took credit. twitter add add context note -- added a context note and the white house deletes the tweet. here's the press secretary. >> look, the tweet was not complete. usually when we put out a tweet, we post it with context and it did not have that context. lauren: ashley, i can't look. it's nearly impossible to do her job defending her boss, but that was a pretty bad defense. that was bad. i can't. ashley: didn't have the full context. it's like pinocchio. the nose starts getting longer and longer the more you try and make an excuse. all right, come back in here, brian. >> this is the funny thing about

this tweet and they admitted how bad the inflation problem is because that adjustment to social security is based on a formula that's based on data and how much they bragged about bringing deficit down and they blew out the doors on spending the year before and their tweets are always context left and that's why nobody believes them on the economy. lauren: my favorite part is twitter called them out on it. >> along with everybody else in the world. ashley: oh, my, we love them because it gives us so much to look forward to. all right, guys, thank you very much. get back to the markets which are no laughing matter we should say. the dow off 243 points and maybe coming back a bit. nasdaq and s&p down more than

1%. okay, bill, you think the pace of rate hikes may slow in december but what about in the long term. jabba they communicated yesterday was acknowledging a new terminal rate and september talked about 4.6% being the ceiling. we knew 4.6% wasn't going to be the ceiling. they're going to surpass that in the first quarter of next year. acknowledging that but it opens the door for rate hikes and coming for a peak in may or june and a rate cut. ashley: bill, you think there's opportunity and in recent week adding tex in recent weeks.

anything in particular? >> i like tech down here and think there's opportunity to look for heart in a bullish time of year and really beaten down values. overall outside of the big names, the tech reports and more reports solid and paypal after the bell today and being an active manager, i saw yesterday's movement and started throwing hedges on and hedging tech and some commodities i have in the portfolio and the call raratio is surging to the highet level of 020 and we could come out of this and we have a lot of

data there's a lot of data that digests and i want to give myself up died while giving myself downside. thank you so much for joining us, bill. ashley: lauren, you're looking at some of the other movers this morning. speaking with qualcomm. lauren: down it goes to $10 at 102 right now and it's a primary provider of chips and modems and smart phones and their forecast not so good. they expect smart phone sales to fall double digits that year and blaming the slowing economy for that. take a look at under armour here moving in the opposite direction. stronger revenue, stocks going up 13%. really positive comments from the ceo on the conference call and they're not seeing cus custs

cancel orders and they have a opportunity to increase prices. good for shareholders and not for customers. they didn't specify however. another winner and ebay has a strategy selling they focused on cheaper luxury and it's working. ashley: ebay up 5%. nearly two-thirds of donations, this is interesting of senate candidates coming from out of state contributors and the flood of money drowning out issues at local level. we'll have that story coming up. border agents find over 100 migrants crammed into a tractor trailer heading towards the southern boarder and they were

stuck in the trailer for over six hours. bill malugin has the very latest in the next hour. and biden accused republicans for trying tossup press voters. >> to suppress the right of voters and subvert the electoral system itself. we cannot ignore the impact it's having on our country. ashley: rhonda mcdaniel will take on biden's last ditch effort to sway voters. she'll be here next. ♪

xfinity rewards is a program whose sole purpose is to say "thank you" with experiences big, small and once-in-a-lifetime. sometimes it's about cheering hard enough to shake the stadium! sometimes, it's as simple as movie night right here at home, on us. you mean the world to us. so we're bringing you closer to what you love. kinda like this. welcome to 30 rock! join xfinity rewards for free on the xfinity app today.

our thanks, your rewards. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur.

watch me. ashley: president bind deliver add highly devicive speech last night. he called -- divisive speech last night calling republicans a threat to democracy. lucas, the president attacked republicans but what about democrat election deniers like stacey abrams? >> there's no mention of that last night in his speech, ashley. as you can see here, marine one is about to touchdown on the south lawn ahead of the president's trip out west. last night president biden made hints that any attacks on fellow democrats and thanksgiving his speech came two months after his soul of the nation speech in philadelphia. >> this is about the chaos in america.

it's unprecedented. it's unlawful. it's un-american. i've said before, you can't love your country only when you win. >> well, biden called out his spread cespedes torr and $19 million to support far right republican candidates who have questioned results of the 2020 election according to the washington post and democrats think supporting those gop candidates will boost their own party's chances ahead of the election on tuesday. >> they've emboldened violence and intimidation of voters and it's estimated there's more than 300 election deniers on the ballot all across america this year. >> paul pelosi had any voter

intimidation and compared to the speech in philadelphia and any fascism and he would not be president of the unit today if not for an election denier. his campaign is failing presidential primary campaign and he believed that the 2004 election was stolen by computers switching votes from john carey to george w. bush. >> president biden will be heading out west in new mexico and california. none of those states would be called battleground states. ash. ashley: lucas at the white house. thank you very much. president biden also accused maga republicans of trying to suppress voters during last night's speech. listen to this. >> trying to succeed where they failed in 2020 and avert the

electoral system, that means denying your right to vote and deciding whether your vote even counts. can't ignore the impact on the country. ashley: good time to bring in rhonda mcdaniel. good morning to you. what do you have to say about the president's claim. he was supposed to be the great uniter and that was a very divisive speech. >> yeah, that was the same speech from months ago but with different lighting and it was republican are awful and 74 million people in the country are terrible, deplorable divisive people and he's a great unifier. instead of saying here's what i did for you as president in the last two years. is your life better, gas prices down and grocery prices down and better education. no, he can't.

this is his closing argument and making him the divider and lier in chief and went in front of the american people and, boy, is he worried and he's trying to turn out his base with fear and division and lies because nobody is suppressing the vote and we want people to vote and we're seeing record voting in georgia, where he called the laws jim crow 2.0 and more votes than we've seen and it was sad and shows his party is on the ropes and he'll be the reason that they lose in this midterms because of abysmal record. ashley: this is interesting and the next one for you, ronna, 46% of hispanic voters say they want republicans to control the house after the midterms comparing to just 42% that want democrats. also latino members could have as many as 45 states in congress after the midterms that would be by the way if more hispanics move toward the gop? >> this is an election about common sense and it makes sense for hispanic voters to go to the

party that talks about school choice and economic freedoms and lowering gas prices and especially the communities that came here that love this country and came here and turn into under the democrats with the democrat party lurching towards socialism and rnc invested a record number of dollars and hispanic community centers and 21 around the country and recruited some of the best candidates the list goes on and on and we're seeing a realignment with hispanic voters towards the republican party and democrats haven't delivered and republicans are offering a vision of hope and policymaking their lives better. ashley: have to leave it there. we've got lots of news and thank

you very much for your time here. by the way, many donations given to candidates coming from out of state. lauren, come back in here and give me the details on it. lauren: we're showing you money falling from the sky because these numbers are staggering. about 65% of money given to senate campaigns were from out of state donors this psychoand will about 43 -- cycle and about 43% for the house and bloomburg. the translation is national issues are drowning out local issues so all politics is not local. examples, go to toss up races and in nevada, senate race 86% of donations were from out of state and the number is over 80% in the other tossups, arizona and georgia. big money coming in from other places to influence local politics. or for control. control of the upper and lower chamber. ashley: the numbers you are right are staggering. lauren, thank you very much.

talking of staggering, mortgage rates nearing a 20 year high and feds latest rate hike will likely just push them even higher. the question is are we nearing a peak with all of this? we'll have that story. 29 million households say they've cut back on other expenses in order to pay their soaring energy bills and white house on the series and we'll have that report next.

ashley: lauren, come in here.

you have some booking holdings. lauren: yeah, travel boom and their profit more than doubled from a year ago and stock up 4.6%. shake shack inflation. their cost for oil, french fries, ketchup all increased pretty sharply in the past quarter and the stock is getting punished and there's good news here. we have a lot of urban locations and said people are coming back to the cities and they're working in cities again and hybrid schedule and look at this gain, 17% and i call that outsized and they had better profits and some of their cost haves gone down and margins and based on $8 st stocks and it's e add lot. ashley: lauren, thank you very much. president biden announce add

$13 billion in funding he claims that were lower and edward lawrence is in the white house and what is this money going toward? >> ashley, this is money where the president is thinking, hey, look at all this money over here and don't pay attention to the inflation and the issues that you're dealing with in the economy over here. the vice president actually is announcing they're going to release 4.5 billion in order to go pay for and help -- and repair costs and helping families upgrade their home and help make energy efficient and more on solar panels for a rebate between $2,000 and $8,000. later today the president on his way to new mexico highlighting more taxpayer money that he'll spend to eliminate student debt for some students while largely ignoring what his policies have done to inflation, which you can

clearly see on the graphic when you see cpi inflation going basically straight up since the president took office and making his plea to voters to ignore what they are feeling and vote democrat. >> miles per hours believe our democracy is at risk and democracy is under threat. there's a lot of midterm elections from our economy, the safety of our streets to personal freedoms. but it's an elected health. >> so again, in his closing argument here is not about the economic panel americans feel but bashing his opponent and see where inflation has gone and i asked the fed chairman this: >> how big of a head wind is our fiscal spending to what the federal reserve is trying to do to get back to the 2% target? >> you know, in theory it was a head wind this year and i do

think the broader context is households with the significant amounts of savings and can keep spending. >> when the fed chairman said they thought they'd see inflation come back down now, they said that has not happened yet, ashley. ashley: certainly hasn't, edward lawrence at the white house. thank you very much. earlier we got the latest read on marge rates and 3.08% and i'm joined by jon now. john, good morning. the fed's latest hike most likely pushing interest rates higher and do you see them peaking any time soon and 7% is more than double from a year ago. >> hey, ashley. thanks for having me. it's a great question everyone is wrestling with. i think, look, to call interest rates at this point is a very

challenging thing to co. there's so much volatility and rates moving 10 to 20 basis points right now and we're confident what will happen is once interest rates set toll spread between the 10 year and 30 year mortgage will narrow. it's blown out to about 300 basis points at this point versus historical average close to 150. even if rates move up and fed raises rates and if we can get the spread to come down, that would be very helpful.ful. ashley: you know, we talk about work from home trend and we know some workers are going back and being asked to go back by some companies and some being allowed to stay home and how do you see that trend going and what will it do to home prices you think? >> that's a good question. recent analysis on this, ashley and what we found is working from home was the biggest contributor to home prices since covid. to the extent you believe that work from home will -- even the hybrid model and is a support

for home prices and it's really a stark contrast to what the bears are saying where the bear thesis is down about 15, 20%. we think it could remain recently and this whole work from home trend. ashley: that's putting a crimp in the prices and coming down around a 30 year mortgage and starting to price people out. >> 100%. affordability is absolutely a challenge and used to sort of offset that and immigration is a very big trend in the u.s. moving from higher cost areas to lower cost areas and the earlier segment just talked about student debt, that could actually be a benefit as well. and we're in the midst of the largest generational wealth transfer in the history of the country, $68 trillion being transferred to generations and that alone will help on the sort of affordability front.

ashley: thank you for joining us this morning. thank you very much. appreciate it. let's see -- thank you. let's bring back in brian. brian, what do you say about the mortgage rates? will we see a peak any time soon and coming down? >> yeah, they were brutal, ashley. with the fed's announcement that rate hikes will continue and i don't see them coming down but going higher. you've got these prices for homes that are very high level. you got no inventory, which is keeping those prices high and you've got borrowing rates at 7%. i mean, this is what's crushing people and it's why the president does not want to talk about the economy because he knows people are looking at these numbers. ashley: they are indeed. brian, thank you very much. new york city now required to post salaries for job openings

and has already gotten off to a glitchy start. come in, lauren. what's happening? lauren: there was a job post at citi group for client service officer and the salary range was nothing so you worked for free to $2 million. sign me up for the $2 million. technical glitch. but citi had tons of time to prepare for the rollout and job seekers went on the site. they said when we found a range, it was wide and almost meaningless to them. new york employers that don't post salary ranges because that's law right now, can be fined up to a quarter of a million dollars each time. ashley: brian, that could be a way around it. you're posting a salary, nothing to $2 million. it's somewhere in between. >> see how good of a negotiator you are. if you're bad it's $2 but if you're good you get q $2 million. this is the

regulation to put on businesses to confine them and it's hard. people have different experience levels and bring things to the table and have to have flexibility, so i think the ranges will be wide and don't think this will be the last mistake. it will not be for sure. lauren: can i just say i like to know what other people make. i would love to know. >> you're kind of nosey, lauren. you're so nosey. lauren: i want your answer to be somewhere between 0 and $2 million. newark that's human nature and being nosey is where we're journalists because we're professional nosey partners. brian and lauren, thank you very much. the former mayor of miami beechh wrote an op-ed to do something alaska the crime in new york city and he is a democrat. phillip levine will join us

next.

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't

know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

>> car -- >> cara ben field's mother said the government should be charged with the crime and it prevents judges from requiring bail in many cases. the attack that sparked the controversy was caught on security camera video and the 8 minute regarding was caught on video shing her beat and punched by her husband at her home in buffalo. he was charged with third degree

assault and other misdemeanors and that crime allowed the judge to release him without posting bail. his previous criminal conviction of attempting to kidnap a former girlfriend could not be taken into account and the only thing the court did to protect her was issue an order of protection. a day after adam bennefield was released, he shot and killed her as three of her children looked on. he had a brief appearance in court yesterday. after kiera's mother lashed out at the governor, hochul said she understands the pain of a grieving mother and willing to consider certain changes to the state's bail law. >> i'm always willing to take another look again to make sure we protect the citizens of the state and it's my number one job and my main focus since the took the oath of office. >> the governor is also calling on judges and prosecutedders to

"charge appropriately". the eerie county district attorney prosecuting adam bennefield says despite the graphic images from the video, the injuries were not serious enough to charge him with a bail eligible felony. >> wow, okay. david lee miller, thank you for that. by the way, former clinton pollster mark penn warning the tragic killing of the young mother in new york could help give lee zeldin the win. >> crime is the number one issue in new york state. this horrific murder in which someone beats her first and then is let out on the street, this could be the incident close enough to the election, clear enough in its relation to the bail laws, clear enough by the way in hochul's opposition to giving judges about 70% of what

new yorkers want. this really could be it. >> interesting, former mayor of new york. could this turn the tide in new york? >> well, i think overall this is around the country. it's not just new york. it's unfortunate that the democratic party, which i'm apart of, is pandering to a very small group of progressives that are really taking the party down a road that is not a good road, and it's not a winnable road. you know, ashley, a former major said years ago that a liberal is just a conservative that hasn't been mugged yet. so unfortunately if the democratic party wants to retain this liberal base, they better make sure they don't all get mugged. it's very unfortunate. >> you are or not calling on mayor adams to do something about the skyrocketing crime in that city? my question to you is what do you think can be done to get

crime under control? >> let's look at this. with bill i de blasio, the ente state of florida and miami wanted him to have a third term and he was the best thing that happened to florida and miami. i believe that mayor adams has great promise and talented, charismatic and intelligent and says all the right things and it's time to get down and get to work as i said in my op ed in the post. he needs to dot hard work and it's not easy. you can't attract business if the city's not safe. so forget about being pro business, you've got to be first anticrime and there's things he needs to do, he needs to button down and not about going out and it's about getting on the subways. going and making those arrests and he was a great police officer and needs to show that police department he's with them 100% but obviously a lot has to happen in the state capitol of new york so let's see what happens.

>> he's also got a very liberal and he wants to charge these people and more about getting them back on the street to give them another chance and all they do is turn around and commit another crime. >> i can props you, that's going to have to be the future of the democratic party after we see the results of these midterm elections. >> very interesting. phillip levine, thank you for joining us. great stuff and very good conversation. do appreciate it. >> thank you. >> okay. thank you. the faa asks for input on making airline seats smaller. do you remember that? well, it turns out the public has a lot to say. i'm not surprised and the agency has been flooded with thousands of complaints. of course the question is is

anyone going to listen? students suffered historic learning losses during the pandemic and those who pushed the score shut downs want to be forgiven. erica donalds takes that on next. ♪

so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies—

whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive $1500 off your kohler walk-in bath. and take advantage of our special low monthly payment financing. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen.

serious allergic reactions may occur. watch me. >> take a look at this headline in "the wall street journal". it says now they want a pandemic and am nec amnesty. the school shut down lobby want voters to forgive them. eric donald joins me now. good morning to you. would that be asking for amnesty if the midterms weren't just days away? what do you think? >> they wouldn't because they vice president asked for it yet. they're doing it now because they see the polling, see what's happening, and the red wave that is coming their way. they see that the polls say that parents are now trusting republicans more than they trust democrats with education. we can tie that directly back to cool shut downs and there's no

forgiving what they've done. >> erica, is this election a referendum on teacher's unions in part? >> it absolutely is, and we're seeing that -- we saw it in virginia and we hope that randi goes scout campaigns hard for the people we want out of office like our governors in michigan and arizona. we want to see the republicans win because they are the ones who stood up for our students and our parents to go back to school. we want to see ron desantis prevail because heaths the one that kept -- he's the one that kept florida free and parents at their jobs where their children were in school learning for a lot longer than around the country. she's out there touting the same talking points that she did during the pandemic as if it wasn't their fault that the cdc said they couldn't go back to school safely and governors were

keeping school shut down. we know exactly whose fault it was. >> right. legal experts predict the supreme court will likely ban affirmative action in college admissions. where do you stand on that issue? >> this is a huge issue. we know that socio economic status is a better predictor of academic status than race and if we want to get away from race-based admissions, we can look at socioeconomic status and where our students are coming from, the quality of education they're receiving unfortunately in k-12 in admissions decisions, which is a better predictor and more valuable than checking a box for the color of someone's skin. if we truly a merri bowltoxy, we should be -- maretoxy, we should be holding schools accountable and not allowing excuses and quotas and race-based admissions and the salespeople court will get this right. >> we'll have to leave it there. >> erica donalds, thank you so much.

great stuff and great conversation. appreciate it. >> i hope both are overturned so these colleges can admit people on the basis of me merit and cre some diversity. >> amen to that. brian, i just want to thank you so much for being with us for the entire hour. >> can lauren unlock the door now? >> well, it's being done. you'll get a little door prize as well to thank you so much for spending the entire hour with lauren and i. lauren: i lost the key. ashley: brian, thank you so much. brian bremburg here for the 11:00 hour.

guess what, more varney next. ♪