it because is a is important blessing now like a five minute pleasing at dinner we make fun of him for that but whether we should not. maria: i love that i've been doing that as well for my, i posted on thanksgiving a reaction, because we said grace, pray before dinner. >> by the way, this book, is really resonating with american people, because i am looking at charts right now best seller "new york times," "the wall street journal," publishen's weekly "usa today" hope for a lot of people are applying this book. >> congratulations. >> thank you very much i want to a thank readers out there, many of them are giving the book gifts this holiday season there is no greater gift than the one that helps you be the best you can be and find your devine assignment with the lord. >> pick up the book faith moves mountains, dagen mark joe great to see you have a great day, everybody stu take it away.

>> good morning, maria. stu: go. wnba star brittney griner is on her way home from a russian penal colony and swapped for viktor bout, an international arms dealer convicted of selling weapons to international terrorists who were going to use those weapons to kill americans. the president made the official announcement from the white house. the president said he did not forget about the american marine, paul whalen in prison in russia for several years. price of gas lower than it was a year ago. $3.32 for regular compared to $3.34 in december of 2021. in ten states gas has a two handle on it. that is it's less than $3 a gallon. drivers getting cheaper gas and that should help inflation and put more money in your pockets right before christmas. i think this is kind of good news. oil, going up reaching $74.56

almost $75 a barrel and gas price decline might not continue. i see greens for stocks, dow up about 150 premarket and s and p on the up -- s&p on the upside and 66 on the nasdaq and interest rate gap, oh, dear, it's getting wider and 10-year yield at $3.48 as we speak and 2-year at 429. that's an inversion as its call and as we always say, it's supposed to be a recession indicator. bitcoin hovering around $16,000. i really do want someone to explain to me why there's so little price change in the crypto industry, which is in such turmoil. we're trying to find out. you know we have to cover this, like it or not. three episodes of the harry and meghan netflix so-called documentary have been released. what we've seen so far? harry compared meghan to his mother, princess diana, meghan

seen in tears, harry says the royal family was sometimes part of the problem. we'll bring you all the highlights, that's a promise. thursday, december 8, 2022, "varney & co." is about to begin. ♪. stu: good morning, everybody. how will i know, whitney houston. lovely view of the christmas tree on sixth avenue and breaking the news starting right now. wnba star brittney griner has been released from russian custody. it's a high-profile prisoner swap. lauren's got the details. the president just spoke about this. lauren: yes, president biden said she's safe and on her way home. she was released from a penal colony in russia where she spent months. she was there in russia, back in february right before the ukraine invasion.

then arrested on drug charges and convicted in august of drug smuggling and possession. she had hashish oil in her luggage that she used for pain. she was sentenced to nine years in jail, she was in that penal colony. her freedom was exchanged for the so called merchant of death, viktor bout and they're working on getting paul whelan back to the u.s. and that'll be a longer and more complicated trade as russia sees whelan as a spy. it's awesome that brittney griner will be back in the u.s. in time for christmas after all of this time but many are saying this is not a fair trade. she had hashish oil in her backage. viktor bout is the so-called merchant of death. he sold arms -- he was the bill gaits of the weapons -- gates of the weapons industry. stu: let's bring in mike huckabee joining us now. governor, was this a fair

exchange, brittney griner, basketball player for international arms dealer trying to kill americans. is that fair? >> of course not. look, i'm glad she's going to get to come home. i think the level of sentence that she was given for the crime that she was convicted of was ridiculous and absurd and clearly a political stunt on the part of putin and the russian government. for an administration who hates guns and firearms especially in the hands of law-abiding american citizens to turn lose a guy who is as you just mentioned the merchant of death, one of the most notorious gun dealers of all times shows a level of hypocrisy and level of let's scratch our heads for awhile while a marine sits in a russian jail. celebrate brittney griner getting out. that's great. glad she's coming home. i hope when she gets home, maybe she's a little more grateful to the united states and the government she had no respect for before she got incarcerated in russia. let's hope that happens and she

maybe even would stand for the national anthem in the future. but that aside, i do think there's going to have to be some accountability for where does this guy, viktor bout, now go? what does he do? does he get back into the business, and i think the answer is you bet he does. stu: governor, thank you for waking in on the breaking news story. we value your insight and appreciate you being here today. governor huckabee, thank you very much, sir. appreciate it. i want to get to the markets this morning because i see green right there, up 130. this is premarket activity of course, up 130 on the dow, up 67 on the nasdaq and look who's here, adam johnson. a favorite guest on this program. >> i'm the guy who comes on when things are green or when they're really red and ugly. stu: that's right. >> i tell you, they'll be green again. stu: really? >> yes. stu: this is a year end rale lay? are we -- rally? are we starting now? >> we've been done nine out of past ten days and to put that in context over the long term, stocks are generally up two out of every three days.

so what we're seeing here is a crescendo of negativity and happening against the backdrop with the most people working ever making the most amount of money ever, spending the most amount of money ever. stu: that's right. >> it's an incredibly powerful narrative, and somehow we've gotten ourselves all caught up in this crazy inverted yield curve thing that somehow means recession. stu: i've been doing that every day for two weeks. >> you know, we -- there comes a point where you say come on, get out of the weeds and get back into the center of the fairway and look at what's straight ahead of you and that's a lot better. stu: the great gorilla in the patch is the federal reserve. i mean, you said -- >> and the federal reserve -- stu: labor markets, wages are good, the whole thing. their job is to clamp down on that, isn't it? that's what everybody is worried about. >> well, you know, it's that notion that if all you have is a hammer, then everything is a nail. so if the only way you think you

can fight inflation is to just hammer, hammer rates and beat people into submission, i guess that's one way to look at it. but remember, jerome powell a couple of weeks ago told us they are pivoting. now, you may define pivot as cutting rates but i define as no longer raising rates 75-basis points at every meeting so i think we'll see a 50-basis point rise this month, 50 point in january and then i think they're done because he also told us, and this is really important, there is a lag between when you raise rates and when they actually start to have an early intervention program pact. in the same way if you look at a housing market, the number of homes sold has fallen nine months in a row, but the home prices have only fallen three months in a row. there is a lag. so i think all these rate hikes are just starting to catch up. the market has bottomed ahead of that, and i think that sets the stage for rebound. stu: what is the strategy that you're recommending to your, you

know, clients? are you telling them buy now and fully invest? >> yes, i am fully invested and we had capital come in last week and put it to work. where where he put it to work is different from what i was buying a year ago. what i've been buying more recently are the large, quality chunky stocks in the nasdaq 100, biggest 100 -- all the tech stocks down so much. i mean, to think there are big stocks we know and love growing 20 to 25% trading at only 12 to 18 times earnings, in some cases cheaper than the market, that's crazy. i think it's a function of the negativity that has leaned on growth stocks, which is a function of interest rates going up because higher rates hit gross stocks disproportionately. stuart, i think we're on the cusp of a turn and i know i've been saying this for a long time but i'll be right over the long hall and look at -- haul and chart of s&p 500, two out of three it's up and gotten far too

long and far too negative. better times ahead, stuart. stu: music to our years on a thursday morning. adam johnson, you're all right. thank you very much, indeed. new report that says people who saved through the pandemic now have less cash on hand. who's saying that? lauren: a lot of people and i'll rain on your parade. parade. stu: i knew it was coming. lauren: we have this cash cushion, all these savings accumulated during the pandemic and being depleted and fast. what are the numbers? the fed says during the pandemic, we've accumulated $2.3 trillion in savings. that's amazing. okay, who's saying what? i'll give you one. jp morgan -- ja jaime dimo n sad this is hiking as people are saving rates and spending is going down and spending on

credit cards is spiking and makes balance more difficult to payoff and troubling signs heading into the recession that is apparenting happening. stu: but the gentleman on your left-hand side told us the economy is strong and limit is strong and the money is out there. >> i would counter saying the money hasn't run out yet. stu: that's true. $1.3 trillion left, you're right. hasn't reason out. >> sure, if we go up but hasn't runout yet. there's a lot of concern about layoffs; right. say 33,000 layoffs in tech and 10,000 on wall street and last month alone created 281,000 jobs. we keep creating jobs every month. stu: lauren tried to rain on your pay raid and you came -- parade and came back nicely. >> one thing that jamie dimon and a few other bears said we're chalking up credit card balances.

lauren: auto loan delinquencies as well. >> that's not great and i'll concede that. stu: producers say that's enough. >> enough of the green guy. stu: thanks, adam. check those futures, still in the green. dow up about 100 point-blank layupses. what's -- 100 points. what's coming up, herschel walker's loss in georgia and rnc needs a total revamp and that's why she's running for mcdaniel's job. harmeet on the show. did big tech and big government all conspire to win the 2020 election. use of conspiracy here is very important. we'll be back. ♪

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stu: still seeing a little green on the left hand side of the screen. dow up about 100 and nasdaq about 50. then we have elon musk. he continues to be the target of new investigations following his takeover of twitter. hillary vaughn is with us. what is he being investigated for now, hillary? >> several different things, stuart. one of them being the insulation of beds at -- installation of beds at twitter headquarters and he continues to publish internal documents that led to takedown content on twitter like the hunter biden censor story and jack dorsey said get it all out there. if the goal is to build transparency with trust and do it without a felter and let all judge for themselves around all discussions with current and future actions making everything public now.

musk replaying he will. saying "most important data was hidden from you too and some may have been deleted but everything we find will be released". as mussing tries to build back -- musk tries to build back user trust in twitter as a free speech platform, he's being buried with a number of legal probes into his businesses. musk's upgrade to twitter's headquarters is being investigated for possible code violations after musk converted office space into bedrooms for employees working long hours on deadline. musk reacting to the investigation saying "so the city of san francisco attacks companies providing beds for tired employees instead of making sure kids are safe from fentanyl". as republicans are promising to use their majority in the house to investigate, who was involved in suppressing and censoring content on twitter, democrats fresh off a bigger majority in the senate now are promising to use subpoena power to keep a closer eye on corporations. >> our committees will have

greater oversight ability, subpoena power, and people say well, it's the biden administration. oh, no, no, no. subpoena power can deal with corporate corruption and inequities and other problems throughout the country. >> and, stuart, elon musk's company neura link is under investigation for potential animal welfare violations. stu: hillary, thank you. our next guest wrote an oppoan op-edpraising elon musk y censored the hunter biden laptop story. greg, did big tech, big government, and big media conspire together? that's the important word to me, it was a conspiracy to effect the election? >> well, whether it was a deliberate conspiracy or a collusion of common interests, it's pretty clear from the released twitter files that elon

musk has made public at least through to reporters that, yes, the biden campaign, democratic operatives with the big assist from the fbi pressuringed social media companies, especially twitter to essentially kill derogatory stories about hunter biden's laptop and the complicity of his father raking in hundreds of millions of dollars by selling access and promises of foreign influence. i think musk should be commended for standing up for transparency but free speech and, you know, the guy deserves a medal in my judgment. of course, there's a downside to that, you get liberals in places like san francisco, who want to investigate him for things like beds or maybe animal rights violations. you know, we keep the focus on the forthcoming twitter files,

there's a lot more to come, stu. stu: do we know when they'll be released, the forthcoming waiter files because you put a date on your calendar for that one? >> well, they should have been released by now, but musk discovered that his deputy general counsel there at twitter, who he fired a couple of days ago, had been curating the twitter files. his name is james baker. he was a former comey general counsel at fbi and was knee-deep in pushing the phony russian collusion hoax and there's evidence apparently that musk has that it was baker who was not only involved in the censorship of the original story just before the presidential election but now may have been trying to delete incriminating evidence of the fbi's involvement so that is likely

delayed more release. stu: i'll back from conspiracy and go with collusion. how about that. greg jarrett, come and see us again when we get the next slew of documents. lauren: led by georgia congressman andrew clyde it would prohibit big tech from using free speech and strip social media the ability to label certain information as misinformation, disinformation and prohibit from de-platforming user and that's the first amendment, say what you want and also require an annual compliance report to congress. so bottom line, it would end government by proxy through big tech and social media and end that censorship. stu: what about free speech? it's a private company, twitter is private. lauren: yeah.

stu: can we tell them what they're allowed to delete and not delete? lauren: we being the person people? >> the government? >> lauren: that's a very good question and that's probably what they're trying to do. stu: where's that leave you on free speech? lauren: almost all of silicon valley and the big tech companies are aligned politically with the white house right now so becoming increase ily more complicated and we're finding receipts about how they colluded to work together to suppress certain points of view. stu: can you tell me why, alexandria ocasio-cortez is being investigated by the house ethics committee? lauren: i can tell you why i think without giving you the exact answer. the house ethics committee says they're investigating her for ethics violations, no details given, but the investigation started in june and we'll know more next year they say. she says she's confident this will be dismissed. but she went to the met gala, which was in may so the investigation begins the month

after that. she received free tickets and wore that dress, which she said she borrowed splashed with tax the rich. who paid for the table that she sat at? that's the question. because if it was let's just say meta, they lobby her and that would be an ethics violation. stu: i understand. lauren: speculation. we'll find out soon. stu: show me the futures, please? is this a year end rally? it's the end of the year and that's a rally. we'll have more on it after this. ♪

stu: we have green and the dow is up about 100 points with three minutes before the opening bell. dr martin joins us. dr, i have to talk to you about rathion, defense company. you've been talking about it for a long time. has it gone up in the last few months? >> it has, stuart. it's one of those rare stocks like lockheed martin, which we've talk add lot about and another -- talked a lot about and another dividend stock like ibm hugging near the top of the

page over the past 52 weeks and we can't say that about too many stocks and rathion pulled back a little bit here and it's a good entry point. stu: what does rathion do in the defense industry and what weapons do that produce? >> well, they are one of the bil aerospace, a lot of antimissile technology and they do a lot of the airborne-type of stuff more so than a manned aircraft, stuart. stu: i'll take that. dow up about 100 points premarket and is this a year-end rally? >> i believe that's what we're looking at and i know adam talked about it earlier, stuart, and we see that the second half of december, if we look back 70 years on average, the first half of december is kind of flat, but the second half of december is where we see really strong move up on average as seasonal bump

and, you know, we can call it a santa claus rally, i like that and i think we'll have very good retail numbers coming in this year, a bit surprising so i'm looking for a strong rally into the end of the year. stu: so i know this is your birthday today and happy birthday to you indeed. we can cue the balloons to come down from the ceiling, are you buying raytheon today on your birthday as a gift to yourself? >> stuart, i think that's a great idea at your suggestion, i'm going to put a little of that into the portfolio to talk about it going forward. stu: okay, we will do that. happy birthday, good to see you again, dr. have a great day. all right, they're clapping and cheering with ten seconds to go and the market opens on this thursday, december the 8th . dow up about 100 points and they look happy about that. all right, it's 9:30, it is a thursday morning, and the dow has opened with a gain of 80, 90

points, about 120 points higher now. i see quite a few of the dow 30 stocks in the green, don't see many losers thus far and plenty ovgreen there. how about the s&p up a third of 1% and a bit more and nasdaq composite nearly half a percentage point and i guess big tech is doing well and we always show you at the beginning of the market and in my opinion, these are the most important companies in the world and some may disagree with that, ms. li. susan: no disagreement from me? stu: where's microsoft, up 45-cents, i'll take it. staying on big tech because four companies have received cloud computing companies from the pentagon. it's a big contract. susan: it is, we're talking $9 billion and jedi contracts awarded to microsoft in 2019 but then amazon sued alleging trump

bias against jeff bezos that happened to own the washington post and they canceled the contract and now it's being redistributed to four companies. fair, i guess it's fair so no one companied and sues so that the contract runs through 2028 and helps unify the pentagon's defense operations but the reason why amazon sued saying this is bias because you know that amazon with aws is the market leader by a long shot; right. microsoft is catching up, but oracle says we need to be included but people are saying oracle is so small, the fact it's being awarded is a gift. stu: look at apple, china lifted some covid restrictions. did the foxconn, makers of the iphone, did those folks have anything to do with the lifting of restrictions? susan: yeah, foxconn said all covid restrictions have been lifted at the factory and this morning you read the reports that it was foxconn's letter to the leadership that celebrated the reopening in china. foxconn is huge and i was checking the numbers this past

week. for china exports, foxconn accounts for 4% of china's total exports last year. that's a big -- stu: that is huge. susan: given china's one of the largest exporter, probably the second largest behind the u.s. in the world. china would lose the status at the world's factory floor if they continue with the zero covid policies and companies like apple will move. it might be too little too late since apple very clearly tell straited they're moving production abroad to india, vietnam and buying chips from the u.s. in arizona and other u.s. corporates and operations in china, shanghai disneyland finally reopened after they lifted most of the serious parts of the lockdowns and allowing home quarantine unless testing. stu: got it. let's look at tesla. they're down again today. susan: there's a china problem and the latest from bloomburg is they're shortening shifts in

shanghai and there's a demand problem from these reports and if you're shortening shifts, is there a demand to buy for every tesla car and 1 million from shanghai every year and delivered 100,000 in november and don't forget the reports of tesla having to cut prices by 5% also offering insurance subsidies to get people to continue buying and the fact that elon musk says they have demand for every car that rolls off the lot is being challenged by analysts and stocks should be at 150 according to bernstein. stu: at 172 right now, ouch. got that. i need you to tell me what's happening with rent the runway. i believe it's up 20%. susan: sorry, one more note on that tesla move is that the headline on bloomburg is elon musk might be putting up more tesla stock in margin loans to fund the $24 billion twitter takeover. i didn't know this but twitter has a $1.2 billion interest charge at the end of this year with all the loans from the creditors just to give that deal

through. stu: come up with $1.2 billion by the end of this year? susan: yeah, and might be rejigging some loans and putting up more tesla stock from elon musk's end. i wonder if he regrets that decision? take a look at rent the runway. stu: think he does? it's kept him in the headlines where he likes to be. be. susan: i think it's tough on his wallet and probably his holdings, but in terms of rent the runway, personal st stylists online. i saw revenue coming from well above forecast and issued an upbeat sales forecast and restructuring process is pretty much complete and a smaller equipment networking maker you like it when stocks go up 20% so that's why i'm pointing it out and it made six times more profit than wall street estimates and sales came in way above as well and talking about outside size growth. stu: how could the analysts get it so wrong that they missed six times more revenue or profit or

whatever? susan: i knew you'd bring this up and check in on oil. oil is surging today and we're talking about pipe pipelines and keystone pipeline has been disrupted and oil up 4% this morning. stu: keystone in nebraska that, part? susan: yeah, there's expenditures by the oil companies we should bring up. did you see the, i guess expanded buy back and spending plans by chevron and exxon last night and chevron spending budget, increasing budget to $17 billion and exxon is expanding that range as well. stu: that's not stock buy back is it? susan: exxon is increasing stock buy backs as well. stu: that'll help. susan: but don't forget, the government said you don't invest enough here in oil and gas and the fact that they're increasing their expenditures, a lot coming here to the u.s., that's positive. stu: got it, susan, thank you very much indeed. check the big board and we've been in business for all of six minutes and the dow is up about one-third of one percent at

33,700. who are the winners among the dow 30, i'll show you there. we have the top winner atlassian corp. and chevron and boeing and big winners of s&p and las vegas sans, wynn resorts. that's pretty good. and nasdaq composite winners, please. headed by net ease. susan: china stocks are again recovering. stu: there you go. all good. susan: you say it so well these days. stu: check the 10-year treasury yield, please. the yield is 3.49%. that's way below the yield on the 2-year actually. gold, 1798 per ounce, bitcoin, same old story, $16,000 a coin. never moves. price of oil as we've just reported, up today $73 per barrel. nat gas up a bit today. the average price for a gallon of regular, $3.32 and that is

now below where it was exactly one year ago. that's kind of a milestone. in california, $4.62. you lucky people. coming up, officials in boston freely handing out crack and meth pipes to addicts. we'll have that story for you. the governor of florida, ron desantis holding an intimate dinner with top donors this weekend. is he gearing umm for a 2020 ru? i'll ask florida congressman byron donalds. sam bankman-fried wanted to sponsor taylor swift's tour for $100 million. we have that story too right after this. ♪

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stu: we're 12 minutes into the session, dow is up 156 points. we were just discussing christmas presents and suggestions, and the suggestion -- lauren: you didn't like any of mine. stu: i didn't like your suggestions, sorry. a look at crypto this morning, bitcoin and ethereum and bitcoin at $16,800. the ceo of coin base predicts a big drop in revenue. what's the prediction? lauren: whoop de do. brian armstrong said cut in half. that's a headline and revenue last year was $7 billion but before the ftx fallout he said it's crypto winter, bitcoin prices have come down so much. it's probably going to be $3.3 billion for all of this year. so what's the big deal? whoop de do. i thought he said what surprised him most, and i'm quoting, it's

baffling why sam bankman-fried is not in custody already. i think that's the bigger news story. stu: that's the news, that's the one. i like the way you picked up on my expression, whoop de doo. that's from all in the family in 1960s. archie bunker. lauren: i know archie bunker from my grandfather. stu: probably liked him. we have a crypto investor back with us this morning. she's been on this program many times in the past and she's an early bitcoin investor. welcome back, nicky, it's good to see you again. >> yeah, thank you for having me, stu. stu: have you stayed in bitcoin all this time? >> yes, i have. so despite all the turbulence and all the crazy things that have happened in the past couple months, i have my bitcoin. stu: are you underwater, in other words is your portfolio worth less now than when you bout it -- bought it? >> yes, it is. stu: why haven't you not got out? >> well, i believe in it in the

long term so right now i think we're going through a crypto winter but i think in the future things will get better and we'll see the price of bitcoin go up. stu: do you have the courage to put more in, buy more bitcoin now because you think it's going up in the future? >> right now i'm not purchasing anymore crypto. i'm just holding onto my investments, and i'm just going to ride it out until it gets better. stu: a lot of people tell me they're waiting for it to go back to where they bought it and then sell it. will you do that? >> uh-huh, yes, i'll do that. stu: essentially you're getting out at the earliest possible opportunity? >> yeah, i do want to -- in the future i realize i should cash out some of my crypto so i can reap the benefits and rewards because before i wasn't selling and i should have done that before. stu: what do you think of sam bankman-fried? say what you'd like, open up.

what do you really think of him? >> i think that he portrayed his company in a certain way and that's not what was shown, and i think that, you know, he definitely took money from every day american people and made it seem like ftx was the cream of the crop in terms of exchanges, like, i live in miami and there's an arena named after it and there's a lot of promotion that ftx does, and it's really sad to see how a company can go so wrong. stu: did you go by a chance to the big crypto conference in the bahamas? >> no, i didn't go to the one in the bahamas but i went to the one in miami. miami. stu: i don't know whether bankman-fried was there but was he in miami? did you see him or meet him? >> no, i did not meet him. stu: what would you say to him if you met him in the streets?

go ahead. >> i would say be honest next time and don't let your ego get in the way of doing things and do things ethically and give people back their money. stu: should he go to jail you think? >> well, based off of what has been revealed, i think so but, you know, we'll see how that pans out. stu: i'm reading between the lines here, nikki, and i think you've lost confidence in crypto, just a little, hasn't you? >> yeah -- haven't you? >> yeah, i would definitely say my enthusiasm is not as high as when i first came on the show, but i still do believe in it and i'm finding myself investing in other areas right now in the meantime. stu: nikki beesetti, we thank you for being on the show and you're honest and can come back any time you'd like. >> thank you, appreciate it. stu: we have a new report and it says ftx discussed a deal with liverpool and manchester united, two premier league soccer teams

for heaven's sake. lauren: how much you think a sponsorship deal with either one of them would be worth? stu: i know the story so i can't answer. go ahead and tell them. lauren: $100 mil each. this was sam bankman-fried trying to expand globally; right? and he apparently g got cold fet and thought $100 million on each team wasn't enough and i assume it meant ftx was on the front of the jersey and see the logo and backdrop when the players did their interviews. something called roi, return on investment, and he didn't think doing that would bring in more users and thinking about how do we expand more, and he loved taylor swift. stu: yeah, that's right. wasn't he going to sponsor her tour, $100 billion or something? lauren: yeah, reportedly got to the end stages of a deal that didn't go through, good thing for taylor swift, to sponsor her for $100 million but the details weren't clear and i guess she

got cold feet in this instance. stu: people are running a mile from sam bankman-fried. lauren: now there's tom brady, steph curry, shaquille o'neal, gisele and all others in a laws. stu: a judge dismissed a lawsuit for the celebrities. lauren: that was ethereum max were kim kardashian and floyd mayweather and not for this one. stu: thank you for sorting this all out. i appreciate that. moving on, senator joe mansion wants permitting for drilling added to the defense bill. wasn't he cheated out a permitting deal by his own party? remember the massive christmas light display in the movie christmas vacation? look at it again.

stu: it was a good scene. if you want to light up your house like clark grizwald, if you want to do it this year, it'll cost you a lot more money. grady trimble has the story shortly. ♪

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stu: california regulators want to cut, repeat, cut the incentives for the installation of solar pains on your roof and it -- panels on your roof and reduce the dollar amount given to homeowner when selling excess short term orientation the -- to the state. why cut incentives, william? >> well, stuart, number one, fairness. how much and how long should those without solar subsidize those who do and secondly, some argue that too much rooftop makes the grid more vulnerable to blackouts, but supporters say the program is so successful in california, rooftop now generates as much electricity as 12 nuclear power plants. is too much of a good thing bad? this as california considers putting the brakes on rooftop

solar. >> where california goes, so goes the nation. if we make solar more expensive here, it'll threaten the affordability and availability of solar throughout the unit. >> debate is about how much those who don't have solar subsidize those who do. >> those without solar, now they're paying even higher rates essentially because we're subsidizing those with solar panels on their roof. >> the state mandates utilities pay homeowners with rooftop solar 30-cents for every kilowatt hour they generate, whether the grid needs it or not. a new proposal cuts that to 5-cents. numbers that make rooftop systems unaffordable threatening some 70,000 jobs. >> monopoly utilities are trying every way they can to hurt rooftop solar because it threatens their profits. >> supporters say it's also about grid reliability because solar is irregular, sometimes there's too much, others too little risking a blackout. >> the motive behind this is to

tamper down solar insulations because -- installations because we've hit that point where the grid is so un-reliable. >> both sides say it's up to governor newsom to step in. >> the governor is in a difficult position because he needs to appease the environmentalists but can't have the blackouts. >> we're asking the administration to stand up to monopoly and keep them from gutting the solar for average consumers. >> the holy grail for rooftop is batteries and the commission now, stuart, is saying, listen, you want solar, we'll incentivize you to put batteries in your own garage and that means the break even or pay back from 7 years to 15 years, unaffordable for many and a decision is expected next week. stuart. stu: can't wait. william right there in the middle of it in california. thanks, william and see you later. still ahead, florida congressman byron donalds, wyoming senator john barrasso, california lady harmeet dhillon and border man

tom homan, the 10:00 is next. ♪ >> ♪ ♪ ♪