maria: welcome back. okay, we had a little rally in the last hour, dow industrials showing a gain of l 86 high of the morning, think david nelson, tiana low. >> thank you so much for having us. maria: i'll see you soon. markets kick a new day off in the green, "varney" & company takes it up from here. stu take it away have a great day, everybody. stuart: good morning, maria, and good morning, everyone. you know, three weeks ago the president was on a roll and now he's floundering done in by

the document scandal which is nowhere near over. saturday a fourth set of documents were discovered. sunday it emerged the chief of staff ron klain will leave. is he the fall guy for the documents mess? democrats are not happy. senator manchin calls the handl ing of the documents totally irresponsible. senator durbin says he's lost the high ground. today the justice department is considering searching biden's beach house. considering, what? trump's house was raided by armed agents. they are telling him they they are going to look at the place before they get there. in my opinion, biden's re-election efforts are in doubt to the markets we start with bitcoin another breakout. it has reached the 22000 level. 22, 784 to be precise right now. a modest gain for stocks, solid gain last friday, modest gain this monday morning. dow could be up 80-100 points, nasdaq up maybe 15. this is a big week for earnings reports. microsoft tomorrow, tesla

wednesday, both stocks are higher before the opening bell. gas keeps on going up, 3.42 is the average now for regular and that's up $0.32 in a month. on the show today, the far left and egg prices? robert resch says the egg price surge is the result of corporate greed. the administration is going to investigate. the socialists do not believe in supply and demand. now, something special. this is monday, january 23, and look whose here. that is my daughter. you could just see her, that's my daughter emma and my 11th grandchild, madeline lee. lauren: congratulations. stuart: thank you very much, congratulations, mom and dad. they're all good. it was love at first sight wasn't it? "varney" & company is about to begin.

♪ because it's never really over ♪ stuart: it's never really over, yeah. lauren: [laughter] stuart: i know what you mean. the white house claimed the search was complete but i guess biden's classified document scandal isn't really over. good morning to you, lauren. lauren: it's getting hard to keep track. stuart: bring us up to speech. another batch was found saturday lauren: six additional items with classified markings were found friday night, some from biden's vice president say and long time in the senate. nbc news reporting that the white house requested the fbi search president biden's private home in wilmington, delaware and delaware agency is reporting that the doj is now deciding whether to search his r ehobeth beach home as well. biden is called a serial classified document horder but the president continues to say he has no regrets and downplays the scandal. the public is saying come on,

man. right? that's what they are saying. here are my questions. he obviously had a heads up. did he remove some documents and only allow a couple to be found? and what about other family members? was anything searched on hunter while they were in that home? stuart: those are all fair questions and waiting for an answer by the way. jason chaffetz joins us now. all right, jason. when will all the president's residences be searched? >> oh, this is months later. look, he admitted that he broke the law multiple times. what in the world is the fbi waiting for? an invitation that says hey, come on over on thursday afternoon at 2:00? that be convenient? this is not an fbi, it's not a good look for the fbi. stuart: it's just dragging on and on and on. why didn't the president turn around and say enough. go search everything. i don't care. search everything, find whatever you got to find, just go for it. why can't he say that? >> because they are afraid of what he's going to find.

stuart, what's most problematic, what's most problematic are the documents from the united states senate. when you're in the house or the senate, you're not, you don't have classified information. you can go to a skif, but then you have to a secured compartmentalized information facility, but then you would need to remove that classified document in order to retain it. that is much more about breaking the law than having something as a vice president and oh, by the way i carried that home where i can also review document s. that is the most problematic thing that he's facing is documents taken while he was in the united states senate. stuart: biden's chief of staff, ron klain, is expected to step down in the weeks ahead. here he is defending the administration. watch this. >> the american people are more show me, not tell me. they want to see that the economic recovery is real and sustained. i think the political credit will follow from that. >> of course the president is

confident that his son didn't break the law. >> we are not in a recession. i want to be really really clear on that. >> fiscal responsibility is very important to us in the biden administration. stuart: the timing of his leaving is suspicious, isn't it? is he the fall guy for the document fiasco? >> well, there are a lot of scandals that are be sieging this white house right now, and the new chief of staff has his hands full certainly, but and not necessarily the fall guy but you're the point person. i was chief of staff to a governor. chief of staff to the president is exponentially more complicated, more difficult, but i've got to tell you, he has his hands in everything. i think he's worried not just about the documents but also about hunter biden and how he handled the family finances. he was involved in everything. the e-mails show that. stuart: the documents, the scandal just drags on. the president seems to be losing the democrats. >> yeah, it's getting in defensible, when you claim and you go so difficult, it goes so

hard on president trump, and then it comes to your own house, yeah. i think the democrats, you can not defend this. there is no excuse for this whatsoever. stuart: is his re-election in trouble? >> yeah, i think that has to do more with his inability to cognitively keep up with the rigors of the job. i mean, even this morning, stuart, he's returning again from delaware. he's spending more time hanging out on the couch there in dalton dalton than he is doing the most difficult job in the country, so you combine that with the in competence of what's going on here, i think his re-election has been in jeopardy since about month one of his presidency. stuart: okay, we hear you jason chaffetz, thank you, sir. see you again real soon. by the way senator joe manchin says he's open to working with republicans on the debt limit. interesting tell me more. >> thank you much. lauren: senator manchin says he will meet with the house leader kevin mccarthy. >> i know there's so much

rhetoric that cops out and i think everyone knows that we cannot default on our debt, the united states of america, the full faith of the government and the treasury that we're going to pay our debts. we're going to sit down when i go back and look is there a path way forward? hopefully that we can recognize we have a runaway debt. we recognize we're all responsible. lauren: sanity. republicans are using a vote to raise the debt ceiling as a point of leverage to get government to cut spending, and the white house is refusing to play ball. they are refusing to come to the table. they want this clean debt limit increase which is typically what happens, but manchin who is a democrat says look, every american lives on a budget. why can't the federal government live and adhere to a budget? stuart: in a separate interview, manchin was asked are you going to run as a democrat? he didn't answer. he would not answer. lauren: i know. stuart: tells you a lot. doesn't it? back to futures, please it's monday morning want to see how your monday goes to work for you

today, up 60 on the dow fractional gains for the s&p. jeff sica joins us this monday morning. a couple of weeks ago, you were on the show and we said are you going to buy tesla and you said yeah, you'll buy tesla if it drops below 105. well it did drop below 105. did you buy it? >> yeah, and i think that i owe you and lauren a fruit basket because if i did not put it out there, and give my word, and say i was going to buy it, i think that i would have chickened out and not bought it so i owe you guys a fruit basket, so be expecting that in the mail. stuart: you've gone up to $135 a share. >> yes. stuart: you probably made 20 bucks a share at least. >> yes and everyday i sit there and stare at it and think should i sell it now or maybe later and that's, it has been consuming me since that day on the show. stuart: well tell us what you're going to do. >> well, here is where i am and i spent the entire weekend in the rabbit hole of tesla looking

at deliveries and what their projections could possibly be. this is what i came up with. they're obviously at a point now where their deliveries are the most important thing. they've been consistently cutting prices, especially on the higher end models. they've been cutting prices to be more competitive, so what i'm intending to do is i'm intending to pay very close attention to their projections on their deliveries and i'm going to base it off of that, because from my perspective, the stock fell too much. i think they were punishing elon musk for his political views. i think a lot of people were selling it because it became unpopular with a considerable percentage of the population and i think it was overdone, but keep in mind, stuart, on your show, i spent years bashing tesla. stuart: yes, you did. >> i had tesla owners a costing me in public places like the short hills mall in new jersey. stuart: really?

>> coming up and saying you're dead wrong about tesla. i'll race you in whatever you're driving, so there was a lot of that, so i pretty much committed what i would consider financial blasphomy by buying it stuart: i want to tell you about microsoft, they report tomorrow, 4:00 afternoon. what are you watching for there? >> well i've always liked microsoft. i know you like it too, stuart. it's all about azure. azure, the market flipped outlast quarter when azure couldn't deliver the 50% growth that they were getting consistently. they came in at 35% growth, so i believe that azure is going to continue to propel them. the stock is off 33% based primarily on what i believe was the decline in azure. i think azure's going to pick-up steam and i think the stock is, i think azure is going to do fine. it's not going to do 50% but do like 35%. stuart: so are you going to buy

more microsoft now at 241? are you going to do it? >> i'm not going to buy more, and i'm going to be very careful what i say on this show because i'm going to always do what i say but i'm not going to buy microsoft. i'm going to hold what i have and see what happens. stuart: you're all right, jeff. thank you for being here. coming up, the house judiciary committee is going to investigate the leak of the supreme court decision that overturned roe v. wade. darrel issa is on that committee and he's going to be here in the studio shortly. more classified documents found at biden's wilmington home. chairman of the house intelligence committee mike turn er, whoa he's not happy about it. watch this. >> what's amazing about all of this is it takes us to the question of why were these documents here when now that we learn some of these go back to his senate time, you know, clearly, he's become a serial classified document horder. stuart: so, how far will congressional investigations go? judicial watch president tom fit ton takes it on next.

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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. stuart: a fourth batch of classified documents found at biden's private home over the weekend. jacqui heinrich at the white house. jacqui, why hasn't the president's other homes been searched already? reporter: well stuart we know president biden plans to spend this coming weekend at camp david. amid reports the justice department is considering asking to search more locations that are linked to president biden, but we do know from the white house council's office the wilmington search on friday began with an offer from the

president to scour everywhere from bathrooms and bedrooms to the utility room. >> after the personal lawyers conducted their initial searches which they coordinated with the doj, they went back and the president said offer up doj access to the house. i'm fully cooperative. i want to make sure that they have the information that they need so the president's attorneys reached out to doj, offered access to the house, and it was provided. reporter: the new york times is reporting the justice department had not even tried to find materials in locations other than the penn-biden center for the last two months because initial interviews with former officials involved in packing and shipping biden's belongings from when he was vp did not indicate classified material could be found anywhere else but the discovery of his materials from the time in the senate is causing more questions about how it ended up in the president's possession. >> the only reason you can think of as to why anyone would take classified documents out of a classified space at home is to show them to somebody.

who did he show them to? this is crucial i think to the special counsel's investigation is why did the president have these documents. who did he show them to and is it connected to the biden family businesses? reporter: as all this news unfolds fox news can now confirm that president biden plans to replace his chief of staff, ron klain, whose been working with biden since he was in the senate biden has tapped jeff zions, the former covid czar as claims replacement, sir. stuart: thank you, now at the white house listen to what democratic senator dick durbin says about biden's handling of these documents. roll that tape, please. >> do you fear that because of that, the current president has kind of lost the high ground on this notion of classified information being where it shouldn't be? >> well of course. let's be honest about it. when the information is found, it diminishes the stature of any person who is in possession of it because it's not supposed to happen. whether it was the fault of a

staffer, or an attorney, it makes no difference. the elected official bears ultimate responsibility. stuart: seems like some democrat s want to get rid of the president and not have him run for a second term. tom fitton joins us this morning is the president losing the democrats? >> good morning. well, he's losing senators. you know why? because they are all nervous. are they going to be subject to the same type of scrutiny? i think the big criminal issue for joe biden isn't necessarily records that he had from his vice president because the law i think allowed him to take records as he so chose or just take records generally. it's these senate records that are classified that are in his possession or were in his possession. there's no out. there's no presidential out. there's no vice presidential out from being held accountable for that at least and the question is, are they going to go up to delaware, the university of delaware where judicial watch has been fighting for documents for almost two years now to gain access to a senate record?

1,800 boxes of records are up there, stuart. we don't know what's in them and now we can presume classified materials up there as well. stuart: well we have these congressional investigations that are about to start, in fact there's some of them that have already started. how far can they go? it occurs to me that the white house can always turn around and say wait a minute we have a special counsel handling this. we'll delay on your investigations. just a delay tactic. that possible? >> well, there are two issues of investigation here, at least. one is the fbi and the justice department special treatment of joe biden. no raid, no subpoenas, you know, let's cover it up for two months while we're abusing trump, and the second issue is president biden's personal accountability here and there's nothing to prevent the house of representatives from asking the president to testify on these issues. stuart: do you think that's

likely? >> no, but if they're thinking impeachment of something of that nature it's certainly a possibility and joe biden has put it all out on the table. he says there's no there there we should all be confident his documents are secure with his corvette. certainly that doesn't help his argument he shouldn't be held accountable. stuart: i get the impression these investigations will drag on for months if not years. tom fitton thank you very much for joining us. we'll be back to see you again soon. >> you're welcome, thank you. stuart: now house oversight chair, james comer is sharing updates on the investigation. what did mr. comer have to say? lauren: he's investigating the biden family for influence pedaling which has happened over decades from biden's time in the senate when he conveniently served on the foreign relations committee so he has these connections. what countries, which people, which individuals are expected a return on their investment is what he wants to know. listen here.

>> i mean, this isn't the most complex investigation on the planet. there's evidence everywhere that would point out that this family , has been involved in the influence pedaling scheme for decades. the american people are getting a taste of this with the fact these documents were in so many different locations. does anyone believe that those classified documents, when they left the vice president's office, they just took them to multiple locations all over the east coast? lauren: yeah, and he wouldn't rule out searching the biden brothers as well. stuart: so he got the documents investigations business and the family business investigations going on forever. thanks lauren. check those futures, please. i still see some green. not a huge gain by any means but it is green. the opening bell is next. ♪

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stuart: we've still got some green, not bad, dow is up about 100 points, 27 up for the nasdaq now, our favorite guy, eddie ghabour is back. well not exactly our favorite guy but he has been right consistently. eddie? are we going to hit new lows

before we hit new highs? >> i firmly believe that's what the play is going to be this year. probably in the first half of this year, stuart, as we've said and it's very simple and this is where the debate is right now and whether you're bullish or bearish. it's as simple as coming down to whether or not you think we'll have a hard landing economically or you don't think we're going to have a recession. if you're in the no recession camp you're probably buying dips and it's a bullish setup. i don't see it happening. the bond yields right now are really telling a story that they're seeing significant slowdowns looking forward. that's why the 10-year has really collapsed. the other thing is you're seeing layoffs. companies aren't laying people off and cutting costs because they think there's a soft landing, and then lastly, the bulls are saying that it's going to be a soft landing and the feds going to cut rates. my question to them is why would they cut rates if it's going to be a soft landing? so i don't think they are cutting rates. i think more layoffs are coming. the yield curve is saying crystal clear we're heading into a recession and it's not priced

into the market, so if we're right and we go into a recession we'll hit new lows. stuart: but it's not cutting rates that the federal reserve is expected to do this year. it's just slowing down the rate of increase and there's a huge difference. if you perceive that rate of increase is slowing down, that's not quite a pivot, but it's an easing up on the nasty stuff and that could produce a nice rally in the market. you discount that completely? >> i don't discount anything completely, but that's already priced into the market right? we already know or feel like we know they are going to go to 25 basis points, which is a significantly different than where they were before, but the rates are going to stay high for the foreseeable future, and these companies that have to refinance debt at a higher rate, that's going to really cripple them and then look at housing. new home sales are collapsing, and housing is a sector that touches more parts of the economy than any other sector and that's just now starting to show weakness, so i think housing is going to continue to get weaker this year

which is going to accelerate the recession in my opinion. stuart: so you think the s&p 500 which is now almost exactly at 4,000, you think it will go down to what? 3,500? >> i think we're going to get to 3,200 stuart but i be buying -- stuart: that's 20%. >> that's correct. look, this is a bigger bubble than 2008 and 2009 and i don't see why people can argue against that. look at what crypto did. look at housing accelerating. look at these mega cap tech stocks they still aren't even to pre-covid levels and we have a lot of earnings coming out over the next two weeks which will give us the direction of the market short-term, but this is not a growth environment and i think a lot of these stock s are going to go to pre- covid levels and people are not pricing that in right now. >> [opening bell ringing] stuart: ouch. well you've been right up to a point so far. i hope you're wrong now, but let's see how we go. eddie, thank you, sir, see you again soon. 9:30 eastern the market has now opened and the dow has opened on

the upside i guess about two-thirds of the dow 30 are winners and the dow itself is up 50 points, 33, 400. the s&p 500 that has also opened higher and not much, a 5-point gain on a 4,000 index. a quarter percent gain for the nasdaq, 30 points, 11, 170. big tech not bad. the only loser there is amazon which is down just $0.15. meta, apple, alphabet, microsoft on the upside. check out salesforce and activist investors taking a stake in the company. good morning, susan welcome back >> yeah. stuart: whose taking the stake and what is this group want to do with it? >> then i want to give you some perspectives from my conversations over in switzerland and in davos and some of the big ceo's there because they are all saying china's reopening is bullish for the global economy and yes it's a tough year for everybody else but themselves so that's something typical i've heard throughout the past week or so, but talking about salesforce and you know mark benioff was in

davos in switzerland, elliott management is one of the toughest activist investors so they have taken a multi-billion dollar stake in salesforce and by the way when they get in they are a major factor in turning around a company so they were kicking out jack dorsey as twittered, and elliott usually what they do is buy a big chunk of the company and wrangel for a board seat and come in and wrestle changes at the company, so salesforce, you know, they are down about 50%, the stock is down 50% last year. coming off their worst quarter of revenue growth in the company 's history by the way they are cutting 8,000 jobs, they lost a second co-ceo in three years and making expensive acquisitions like tableau, $27 billion for stock that hasn't been contributing enough to the bottom line and it's not just elliott. i think mark benioff and salesforce, also starboard buying end of sentence well and everybody thinks there needs to be more value extracted from this company which by the way is cloud, business

software company. stuart: the sharks are circling because they say seals force is wounded if it's down 50%. >> what do you think about the world economy because i heard how bearish eddie ghabour continues to sound. that's quite the opposite from what you're hearing from the global ceo's in switzerland. they are saying actually they are more bullish now than they were in october and you've seen that with recession forecasts coming down from near 100% certainty down to maybe what 60% now. stuart: i don't think eddie care s much about the global economy in china. i think he cares more about the united states. >> well money flows across borders and if china is reopening and stimulating that comes here as well. stuart: spotify have they got layoffs a big announcement? >> they are cutting around 6% of their workforce, so it's 588 jobs, but look not much chaired to the 10,000-plus being cut in meta, amazon, microsoft and alphabet. overhiring being blamed again at spotify because you have to remember that spotify spent

nearly $1 billion on exclusive podcast content including $200 million for joe rogan, but in terms of the entire tech sector, you know, challenger grey now says they are recruiting and say tech layoffs have surpassed 100,000. i would say that's minimal because you have to keep in mind these tech companies increased their headcount by over one- third during the covid boom years where people were stock at home and all they were doing were going online. if you want to use microsoft as an example they hired 40,000 over the past 18 months so cutting 10,000 of that, not much stuart: wayfair, i remember them during the pandemic. the stock took off and they were delivering furniture all over the place. now, they are cutting employees but jpmorgan likes that and look at the stock. >> well you seen that reaction as well throughout the entire tech layoffs that we've been discussing. once you start cutting headcount that means there's cost reduction and that is positive for the bottom line is jpmorgan says that wayfair is now a buy. we're at $63 in their view so that's pretty good upside of over 30% if you can get it.

the stock is down about 80% over the past two years. stuart: it's possible that layoffs at microsoft will be good for the company because they save some cash to put into artificial intelligence. >> correct. oh, look at you, chatgbt, they increased their investment in there. stuart: i read that from somebody else. >> in the "wall street journal" this morning. stuart: okay, amd, what we got there? >> upgraded as well by barclays overweight worth about 78 liz: $85, so they will continue to keep their lead when it comes to chips into data servers and with business continuing and people have more money because they are laying off people that means they can spend more on their businesses. stuart: apple moving iphone production more to india. how much more to india? >> talking about 25% of their iphones in the future. it's according to one indian minister because right now, apple assembles five to 7% of their iphones but you have to remember that last year was kind of a pivot, a turning point because for the first time in history, they actually made and augmented more of their

production the flagship iphone 14 in india instead of just all pure in china. right? they had 90% of their production locked up there. now the reason that we haven't heard about job cuts by the way at apple is that they didn't hire as much and didn't increase their head count as much as the microsoft and alphabet et cetera. stuart: apple is the holdout. >> it helps when you have $200 billion in cash in the balance sheet, but that could be said about microsoft and meta as well which is why are you cutting people and laying off people when you have all that money in cash? stuart: microsoft reports tomorrow. tesla on wednesday. give us a preview. >> okay, so do you want to start with microsoft or tesla? i feel like i don't need to ask you who i want to start with. stuart: just get to it. >> microsoft, so microsoft, we got a pre-announcement when they laid off people they said it costs them billions of dollars also looking at revenue declines in the sickle digits percentage digits that is and azure of course will be important. stuart: look what you did. >> i did not.

stuart: now it's in the red, it was in the green when we started >> stop you're counting pennies let's get to tesla. wall street's favorite still by the way because i looked at the analyst community and two-thirds of analysts still bullish on a stock the highest percentage since 2014 so the average price target, they are still calling 194 for tesla stock, and we kind of already know what the numbers are, right? we got the delivery numbers 1.4 million last year so we had 400,000 deliveries in the final three months really it's all about cash burn forecast and whether or not elon musk actually gets on the call. stuart: quickly why is bitcoin back to 22000? >> okay, 23,000. so here is the thing about bitcoin is that i think it was the best weekly rally in two years. you were up 23% last year, and i was looking at the bloomberg estimates so bitcoin trades like a tech stock so how the markets go that's how bitcoin trades. i was looking at the bloomberg analysis and they say when it rallies 23% in one week over the past five years, you had these 20% rallies which usually

means 40% rallies before that rally is done, so you could get past 30,000 before this is all over. stuart: there's a nice headline. >> it is nice. stuart: susan thanks welcome back. now coming up ron klain reportedly stepping down. larry kudlow questions the timing of klain's departure. larry: he has been a very key figure. i'm saying it's curious with this fbi latest all of a sudden ron klain is announcing his retirement. stuart: my question is, is ron klain the fall guy for the document scandal? we're a couple of hours away from the launch of "the big money" show on fox business. what's on the agenda today? co-host, brian brenberg, jackie deangelis, taylor riggs are here with a preview after this. ♪ celebrate good times, come on, let's celebrate!

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stuart: facing a growing list of economic headwinds this year, 2023, maybe a recession, waves of layoffs and of course always inflation. edward lawrence is at the white house. if the fed slows the pace of rate hikes next week, if they do that, what would it mean for workers? reporter: it still means a lot of economic pain because you have rising interest rates. now, everyone from federal reserve presidents district presidents to economists to analysts at big banks are saying not if but when the unemployment rate starts rising, everyone except the white house in this building behind me they are saying that this president has been in charge of the best economy from any president ever in the past. now, now we have spotify adding to the list of companies that are laying off. now you heard susan say spotify shrinking by 6% of its employees you see the other names on this list right here. now spreading beyond just tech companies, goldman sachs, bed, bath and beyond, are also on

that list. here is the president's position on this , listen. >> i'm not going to comment specifically on what's currently happening with particular companies, with private companies. clearly we're closely monitoring but like i said the layoffs remain near record lows according to the job openings data. reporter: and 10.4 million jobs open and latest data does show that consumers are leading a slowdown. consumer debt increasing because of inflation. americans are choosing to buy less. retail sales dropped 1.1% in december. a second month in a row with november sales dropping 1%. now the philly federal reserve president patrick harker described an unusual situation here. basically of labor hording. companies holding off or holding on to employees basically because they are worried they won't find the next right employee and that could be distorting the 3.5% unemployment rate where we are. the federal reserve does believe that unemployment rate will go to 4.6% at the end of this year and that's a lot of layoffs yet

to come. stuart: here they come. edward, thank you very much indeed. next case, "the big money show" premiers today on fox business. 1:00 p.m. eastern time and all three of the hosts join me now. we have jackie, we have taylor, the right order here, and of course, brian brenberg. >> hey. stuart: now, what kind of show is this going to be? let me start out with this. this show, "varney" & company, is politics and money, sometimes it's money and politics but it's usually a combination of the two what do you got? >> "the big money show" is all about the the big money. whatever wall street is doing, we also want to make it relat able to the average person as well so think for today's show we're going all of the big economic all of the big market moves as well. jackie will fold in her expertise in some of the poll thinks as well so it'll be a little bit of a mix of all. stuart: are you the politician? >> well i don't know if i am but i'd certainly like to say about that and similar to what you do a little bit, stu, politics has such an impact on what happens on wall street and

what happens with regulation and all these different things that impact money. policy is impacting interest rates right now, and so people need to understand that and put it all in context, as they are making financial decisions to be smarter and when you're following fog ticks you can to the what's coming down the pike. stuart: brian i hope you can do better than me. i have a real problem. >> no problem. stuart: when it comes to cover ing the document scandal that drags on week after week and i know i'm going to have a problem looking at this debt ceiling crisis because that's ridiculously dull. how are you getting over that? >> it's not ridiculously dull. it matters so much. we got $31 trillion in debt. that's not dull to me, stuart. stuart: it drags on week after week after week, there's still no agreement. that's dull. >> there's drama. there's story, america's financial health at stake in that, stuart. you've got to tell that story. we want to tell that story but not because we care about watts happening in d.c. necessarily but because we care what's happening on main street and

people on main street are saying i live within a budget. why don't they have to live within a budget? those are the kinds of questions people want answers to and insight on. that's what we're bringing on this show. stuart: jackie and taylor are you prepared to let him be the drama king? >> oh, he can have the mic drop moment for sure. >> our spinster. >> [laughter] stuart: what? where did that word come from? >> i don't know i guess it's because i'm just i don't think it's means because because i'm an older lady. i think it means because i've got -- >> we're still in the "getting to know you" phase. >> do you see how good this is going to be you never know what's going to happen. stuart: i want to know what is the lead story on your show at 1:00 this afternoon? >> for us it's all about economics, looking at a lot of the weakening data that we had last week we're now in a quiet period for the federal reserve and you're looking at a consumer that we've frankly had a lot of debates on, maybe off air, off camera about how healthy or not the consumer is so really all of that folding into the big

economic story. stuart: a quick suggestion if i may. lay off the fed. that is dull and boring and drags on year after year. >> this guy just doesn't care about interest rates. >> i hear you and actually what we'll do similar to what you do, stu, we'll give you our stance just to start out today so people have a sense of where we are on these issues because we've been following them for a long time. that's part of the context too. stuart: brian brenberg i'm dying to see it all. >> you'll love it, stuart. stuart: i'll be watching, 1:00. good luck guys. a new survey shows what recent college graduates are looking for in a job. hey lauren what do they want? lauren: well gen z wants a job that helps the environment, overwhelmingly so, 65% say they are more likely to apply to a company committed to sustainable practices. i'll give you some examples. furnish keeps furniture from landfills, people want to work there, brightest, design software to help organizations reduce their environmental footprint, respondents also say

working from home helps them reduce their carbon footprint. i mean, seriously, stuart, do you think gen z really wants to not commute into the office so they can reduce their carbon footprint? stuart: i don't believe a word. that's nonsense. lauren: last thing, this is very important. this isn't a survey but real data. who is getting the biggest pay raises? it's black workers and young workers in that order. the median raise for black americans grew over 11% in the past year. it grew almost 11% for younger workers for gen z. stuart: that's what everybody wants isn't it? more money. i mean -- lauren: of course. stuart: isn't that what people want? pay me the money. >> that's why we named the show "the big money show", stuart now you're starting to get it. you're catching on. stuart: so are you. everyone, thank you. kim kardashian was invited to give a lecture at harvard, the skims co-founder, her speech heavily criticized online we'll tell you why. the problems from air travel far

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stuart: right from the top here i want to bring in jeff flock. he's at newark airport at the moment there he is right hand side of the screen. jeff, you've got this report on a plane shortage. not a pilot shortage, a plane shortage. what do you got? reporter: if it's not one thing it's another, stuart. yeah, not enough planes out there. the reasons stem from everything from the pandemic when a lot of planes were taken out of service and then you've got now supply chain issues, not only at the plane manufactures but all of their suppliers and then boeing had problems with the 737 max and the dreamliner. altogether now look at the bottom line. the investment bank jefferies says we are more than 12,000 planes short right now. airlines across the world, ones that have been promised to be delivered but have not been delivered. so, what do we do about that?

well you remember all of those planes as i mentioned, out in the desert that got mothball ed by the airlines, the reality is they have been brought back. we talked to bob mann, on fox business, the aviation consultant, and i quote him most of what economically useful has already been recalled from the desert and put back into operation. he says the only things left out there are those gas guzzling planes. they probably should have been taken out of service anyway, if it hadn't been for the pandemic. now with fuel prices so high jet fuel prices, they aren't really economically viable. what's that mean to the traveling public? well, if you're hoping for one of those fancy new planes with all of the cool amenities you might have to wait for a while. listen. >> consumers and passengers may just be not enjoying the most up-to-date cabins and products that you might see on those new deliveries. reporter: and that figures to lead to a bit more in the way of

passenger dissatisfaction. faa reports 49,000 complaints in the first three-quarters of 202. i don't suspect with old planes and shortages and pilot shortages and everything from delays and cancellations other than that, everything is perfect stuart: [laughter] reporter: in the airline industry. stuart: apart from that, yeah, i've got it. jeff good stuff thank you very much. to the markets, we are 25 minutes into the session. the nasdaq is making a move. that is up better than 1%, at 117 points, pretty modest gain for the dow up 70. still ahead, joe concha, pete hegseth, sean duffy and congressman darrel issa. the 10:00 hour of "varney" & company is next. ♪

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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. that's a huge victory.

♪. stuart: working nine to five. >> who works nine to five? stuart: not that many people these days. lauren: those are the worst hours in the