dave: uptown funk, had a cheat sheet, sean duffy had something to do. i just heard that for the first

time. you are giving me all the cheats i need. i'm david asman in for stuart varney. it's 10:00 eastern, let's get to your money, the market is doing well today. dow jones industrial average up one hundred 50. i will skip the s&p. look what's happening to the nasdaq. we have good numbers on inflation as it came down to, core inflation, it takes out food and energy and those are important to everybody but the fed looks at core and it might be with more to come. 10 year treasury yield is down to 3.972. let's look at oil if we can. that had been ticking up, was up $80 a barrel before the market opened. it's coming down a little bit from that.

$79.80, bitcoin is up 68, 20,293 for bitcoin, tesla doing well today. i don't know if she had time to digest it all, she does it quick. lauren: 11% above june and july's final number at 71.6, the highest since october 2021. current economic conditions fell a little bit. dave: stronger economy than people thought. now this. hunter biden's former business partner devon archer set to testify on capitol hill behind closed doors. congressman byron donald joined us to give us a preview. >> it will be clearly revealed that hunter biden was the bad man, joe biden knew what was

going on and was involved and the entire purpose was to shakedown companies, shakedown foreign countries for money because the only thing the biden family has to sell is political influence. there is no other business with this family. that's public corruption. president biden was selling access to his office through his son and in my view, that is an impeachable offense. dave: sean duffy is with us. what is incredible, listening to democrats say there is no evidence. there's a lot of evidence not only from the congressional hearings but stuff we heard from the plea deal et cetera. are we going to get to an impeachment inquiry? >> i think what kevin mccarthy says, impeachment inquiry is the track we are on. devon archer, friend of the bidens, business partner, it wasn't until president biden understood and realize devon archer would testify that he changed his story. the last five years, i never

talked to my son about his business dealings. dave: he had his press secretary changes story. >> the press secretary says president biden was never in business with his son. that tells me they are scared of what devon archer will say. on the spectrum of truth. dave: what does this phony plea deal, have -- is a phony plea deal, that is what the judge told both the prosecution and the defense lawyers. what does that tell you about our legal system? >> they had a side deal. hunter, you are not going to be prosecuted for anything else we are investigating, plead to these misdemeanors in regard to the tax charge and the deferred prosecution agreement on the gun charge. when the judge asked, and the

feds don't want to say that. america will lose their minds because no one gets that kind of a deal. because of whistleblowers, they cut this original deal, people weren't paying attention. this deal america is paying attention to, whistleblowers talking about corruption, the irs and the fbi, they will have a hard time doing it and you will see prosecutors making a decision between do i want to save president biden or my reputation and career. dave: republicans standing by mitch mcconnell after he frozen some front of reporters 30 seconds. watch this. >> i have no concern. i met with leader mcconnell after this incident. i have no concern. >> he has a strong strong voice, he's, providing steady leadership and doing a great job as leader. >> i have confidence in his leadership. at lunch yesterday, he spoke,

he was completely on his game. >> is a great leader. and >> this class of lawmakers, in the house and senate. in the house, 57 years old. should we do something about this? elon musk says a new constitutional amendment. >> i was a republican congressman, dianne feinstein, president biden, i have to criticize mitch mcconnell. at one point you get to a certain age, i love having people who have been there, institutional knowledge. government is complicate it, i wanted that knowledge there. if you can't function and perform you got to go and people stay for a lifetime. if you are having those freezing moments you should reflect upon whether this is the right job for you right now at this age.

dave: at the very least, i am for term limits. archbishop in portland pushing back against the green flowing, the gender identity issue in catholic schools saying they must use names, pronouns and your forms that correspond to their gender at birth. he's getting pushback by teachers and students. how do you think this ends? >> i am a catholic. you may have a smaller group of more faithful people but good for the church, good for the archbishop. we are not going to play the woke game. we will speak the truth and if people want to leave because we speak truth to gender, not by the end of this radical leftism good for the church. i saw the story, thank god we have some bishops standing up for what is right. the flock is the kids. if you can't get in the church or anywhere else --

dave: i was criticized for mispronouncing florida. it is based on the word florida. here you go. that's not you. dave: i don't see -- i was trying to hang back in the back. dave: you were up against some tough competition. >> i was dancing out there. >> you should know how to dance because you were a kid. >> we are turning into that. i swore i would never dance like my dad tried to. >> had to be understated. sit back in the back and do a little move. then take my hat off and redo my hair for you. dave: catch you and dagen

mcdowell weeknights at 6 p.m. eastern on fox business. is a great show. i have been on before. now let's talk -- did i say dagen mcdowell, did i say mcdonald? dagen mcdowell is going to kill me. you know how that works. markets doing quite well. nasdaq is up 1.5%. kenny, can this rally last? >> we keep going back and forth. it will last as long as they want it to last, responding to data today like a huge surprise. we talk about inflation moving lower but the fact is prices are still rising at 4%. it is negative, they are not falling by 4%. i still think that the fed is not done raising rates. may be too -- dave: forgive me for

interrupting but we had the core rate which we care a lot about come down more than expected. >> it is at 4% so therefore it is still rising and i think the fed is concerned on that and also the upward pressure on wages. we saw it with the airlines and general motors in september after they reported great numbers, tripping over themselves talking how great it was. union members saying give us a little because it is on our back that you make this money. there is still upward pressure on wages. that the concern for the fed. dave: i want you to talk policy for a second. the former treasury secretary larry summers warning bidenomics could make inflation worse saying, quote, i am

profoundly concerned by the doctrine of economic nationalism that's increasingly put forth as a general principle to guide policy. he was talking about trade policy but doesn't seem to like this kind of government forced industrial policy the biden administration -- is the core of bidenomics. what do you think? >> that's why i think they want to push the rate to 6%. i think that is true. we are going to see inflation pick up again. exactly what happened when you and i were young men in 79 and 80 when they were involved, almost had a jam at 20% to finally kill it, two year, deep recession. it won't get that bad but i think the fed is not done yet. dave: great to see you. have a wonderful weekend, appreciate it, you are looking

at some movers, let's start with colgate-palmolive. lauren: raised prices too much, volume fell in the court even though overall numbers on the top and bottom were stronger-than-expected. there prices went up 11%, quarter after quarter, you hike prices. how much should a tube of toothpaste to be. dave: there are limits how much a consumer can take. let's talk forward. lauren: the the the unit is struggling for profitability. as for their traditional cars they are recalling 870,000 after 150s. dave: sleep number. >> pandemic winner, what happened today? stock is down 31%, net income fell 97%. had to check the numbers. dave: a big jump. electric vehicle makers may have exaggerated the driving

range and some of their vehicles by how much? lauren: 12. 5%. this from a study by sae international looking at 21 brands and found tesla to be the worst culprit. tesla advertises battery driving range of 26% better, more than the battery can handle. it is how the automakers use software to configure this. it differs between what has lay users and others use. dave: surprise surprise, they advertise greater -- all right, thank you. now this. airlines and staffing issues for flight delays and cancellations, the transportation department investigating several airlines to make sure they are not engaging in unrealistic schedules. we have that story. republicans say never before seen internal documents show the biden white house pressured tech giants to censor information about covid. edward lawrence has the full

report on that and it is being called the biggest cover-up in history, we ufo whistleblowers reveal ufos are real and our government has been in possession of nonhuman crafter decades. role it. >> as we convene here, you aprn our airspace but they are grossly underreported, these sightings are not rare or isolated, they are routine. dave: that former navy pilot and ufo whistleblowers joining us next, don't want to miss it. ♪

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dave: the markets holding on to the gains big time, thousand 180, nasdaq doing spectacularly well over 1.5%. microsoft if you can, it was up 2%, now i to lower than that but it is up $6.5 to $337 a share. we are talking about congressional hearings on ufos. my next guest is a former navy pilot who testified at that hearing earlier this week. brian, good to see you. did the witnesses this week say things that corresponded to your experience? >> some of them did. commander forever's experiences in the navy, what he interacted with and how his interactions

were received by his colleagues. the experiences with classified programs, not my personal objectives. dave: how does it differ? >> reporter: the uap task force had a report from pilots that they couldn't explain. in the course of the investigation he came across various pieces of information and witnesses and other whistleblowers the testified before congress for in wednesday's hearing. dave: he was the one who talked about beings from outer space, they may have remains of extraterrestrial beings flying these spacecraft? >> he stated biologics were recovered. dave: what do you think of that?

>> it's a big claim, not my personal experience but he seemed confident he could provide pieces of evidence to congress in closed session and congress seemed interested in receiving that information. i suggested is in congress's hands. dave: he also claimed they had pieces of spacecraft themselves. your experience, you have a lot of flying experience coming your experience with watching these things, did they do stuff that is impossible for any spacecraft on earth to do? >> we don't have an explanation for how they are behaving that way. we would see objects with no wings, no exhaust coming out, no obvious propulsion signs and they would be able to be stationary and high winds, category 4 hurricane winds and accelerate to mock to. these are spherical objects, very non-aerodynamic shapes.

i was an aerospace engineer before i joined the navy. that is the not the shape of a supersonic aircraft. we don't know what they are or how they are performing and they are doing it all day. very aggressive, high-energy maneuvers. dave: a lot of times you see them over water. some people say they go in the water as well. did you have any experience of that? >> that's what we call trans media and behavior. from space to air or air to water. fat is not equipped with sensors to accurately see that transition. we would see objects near the water and they would be gone but to say what happened during the transition, we don't have the tools to do this. 10% of our operations when doing air combat, utilizing sensors to correlate targets. dave: incredible stuff. i hope it all comes out.

the public deserves to see all this. congressman jim jordan released documents that he says proves facebook change their content after pressure from the white house. you asked the white house about this. what are they saying? >> dodging and deflecting, trying to push this off on the department of justice. there's a lawsuit by states suing the administration over censorship. >> the white house communicating with social media companies. >> as i repeated many times we have promoted responsible actions to protect public health, safety, security when confronted by challenges like a deadly pandemic and foreign attacks on our elections and we have made clear that we believe social media companies have a critical response ability to take account of the effects of their platforms they have on the american people while

making decisions about the content of their platforms. that continues to be the case. >> she would not tell me what contact the admin a station has, social media source says there are lines of communication open with both parties but is less. in this facebook file, jim jordan lays out a pressure campaign, to get certain posts removed. in one email, executive talked about how to explore policy options reducing the prevalence of misinformation. in a statement from meta which owns facebook, they say 53,000 pages of documents. to comply with that after good faith requests from the committee, this is like an onion we are peeling back. just getting layers, much like that where files. dave: that is what reminds us of. democratic senator elizabeth

warren and republican senator lindsey graham are looking terrain and big tech. politics make strange bedfellows. lauren: to create another government agency, 5 bipartisan commissioners. to pursue and shutdown big tech companies if they encourage online on, discourage free-speech, discourage competition, got to prove it and they will fight you every step of the way. they want everyone to do something about digital innovation. moving into ai, that is great. there's a dark side that needs to be managed beyond powers of the doj and ftc. dave: now this. teachers unions in nebraska trying to kill the state's new school choice program. we will speak to a school choice advocate that says the

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dave: looking at the big board, the dow jones is up 167, the nasdaq lost a little bit but still up 200 points and the s&p up 37. we are looking at some other movers, up 2.5%. lauren: reuters, made in india, and and speaking of that, selling it in india. >> in phase energy. >> week demand in the hot states like texas and arizona. and quarter estimates down. dave: wedbush downgrade. lauren: it is neutral. chicken wing prices are going up.

that is where -- chicken wing prices go up all the time. they worry about menu prices like everybody else. dave: now this. teachers unions in nebraska trying to kill the state's new school choice programs that provide private school scholarships to low-income students using funds from nonprofit scholarship organizations. clarice jackson is founder and executive of the voice advocacy center. thank you for being here. why are they against giving parents more say where their kids go to school. >> i frankly think it is a reduction in power, put more power into the hands of parents to make that decision and they know that if the decision is made parents will choose another option. dave: more specifically, the choice parents will make probably will be sending a lot of kids to schools not controlled by the unions.

the unions are closely tied to politicians. they give politicians a lot of money and support. is that all a political connection? >> heidi political. that is the driving force behind resistance to opportunity and choice. it takes a lot of their power away from being able to lobby and put people into positions of leadership that they can wield at their discretion. dave: it is so -- wealthy parents can send their kids where they want to because they've got the money. lower-class parents don't have that choice, they have to deal with what they've got. this provides them with an opportunity, it levels the playing field, something that a lot of the democrats who

support the unions say they are in favor of but when push comes to shove they don't have policies that level the playing field. >> you said it. you hit the hammer on the nail. that is exactly what this opportunity for scholarship does. it is sorely needed for families, the traditional public school does not work for it. i was one of those parents. my daughter had dyslexia. they could not teach her to read. at that time i didn't make enough money to send her to a private school and i couldn't stay home and homeschool her. of their solution to me was we are doing the best and the best was to read for those families and many others. we need additional options. dave: bottom line is they are spending a fortune educating our kids. in new york, $38,000 a year per kid. a catholic school costs $9000 and their test scores are much

higher, the rate of kids going to college after graduating high school is much higher. if parents had a choice, not only with their kids be getting better education but it would be costing people less money. >> that's one of the things, always talking about taking money from public school. in nebraska specifically, legislative session, one. 3 billion. how much money do you need to educate a child, private schools doing it at half the cost. make no sense. dave: we have a phrase, return on investment and business. god bless you and the work you are doing, you are doing great work, thank you for coming in and telling us about it. democrats just introducing a bill that could give some relief to student loan borrowers. what are they looking to do.

lauren: the timing is sensational. current federal student loan borrowers would pay 0% increase on their payments. here's the timing, those payments are set to resume in september. after the supreme court ruling. these democratic otterson say it is immoral to make money off the backs of struggling americans looking to repay the high cost of college education. for future borrowers the bill would establish a sliding scale and you would pay between 0% to 4%, that would be your interest rate. dave: some would say it's immoral to force lower middle class folks to pay for rich folks who have an education, but that's another story. thank you very much. coming up, it's not too late to be on the show today. sending your friday feedback messages. e-mail your questions comments or critiques, varneyviewers@fox.com.

remember when then candidate biden claimed his son never made money from china? role tape. >> president biden: my son has not made money in terms of china. dave: that's not what his son said in court this week. bret tallman here to look at the contradiction next. ♪ ♪ ♪ ♪

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one. 5%. now this. the white house wants to shut down talk of the possibility of president biden pardoning his son hunter. what did the white house have to say? lauren: we've not heard from president biden yet. he took question that two events yesterday. the white house insists the case involving the first son remained a private matter but on wednesday the plea agreement between federal prosecutors and hunter's legal team shockingly fell apart after a trump appointed judge questioned if the agreement would give hundred immunity from potential further prosecution. there are open investigations. then in a surprising twist the white house also ruled out pardoning hunter. >> from a presidential perspective, is there any possibility of the president pardoning his son. >> no. i just said no. i just answered.

lauren: the house oversight committee is expected to hear from former business partner of hunter's and in the meantime house speaker kevin mccarthy says his caucus is still considering whether it will launch a larger investigation into the biden administration. watch. >> i said impeachment inquiry. there's a big difference, let me explain. maybe not everybody understands that. what impeachment inquiry does is gives you the apex power of congress. >> gather evidence to build your case, to see if there is indeed a case. you gather your evidence. dave: i don't want to hit beyond rank but your too young to remember the nixon impeachment inquiry. it was the increase, nixon was never impeached. it was the inquiry that led to his resignation. impeachment inquiry is a powerful thing. he was pulling back from that but powerful enough to cause richard nixon to resign. it is big news.

>> i'm reading between the lines what you're saying, for him to step down. dave: hunter biden admitted to a federal judge that he received more than $600,000 from a chinese infrastructure investment company. i emphasize china because that directly contradicts president biden's claim that nobody in their family made money from china. role tape. >> president biden: my son has not made money in terms of china. i've not had -- the only guy that made money from china is this guy, he's the only one. nobody else' is made money from china. dave: attorney bret tallman joining me now. the fact is democrats keep saying there's no evidence, nobody did anything wrong. clearly there is. the evidence just keeps mounting up despite the fact that democrats say there is none.

>> exactly right. thanks for having me on. i wish i had this lack of evidence when i presented cases to a grand jury. it would have been the quickest indictment i ever secured. this is, you have not -- and i have not heard an honest discussion from the white house, from the bidens about what is going on. i think they got themselves caught. i don't think they ever intended to even discuss the issue of apartment because they had a sweetheart deal but when that falls apart, and it fell apart, let's be clear, it fell apart because there were actually two deals on the table. there was the written one, the sweetheart deal, but there was a verbal unspoken one between the department of justice and hunter biden, really aimed at protecting hunter from any prosecution going forward. when you start to deal like that in deception and arrogance all it takes is a few questions by a reasonable judge to uproot

that kind of corruption. dave: let's talk about that. she obviously is going to be getting a lot more criticism over the next couple days, people will say because she was appointed by trump, she is a partisan, you can't trust what she says. she was a registered democrat for 20 years. in 2,020 she changed that to an independent, contributed money to both republicans and democrats. it will be hard to labral her as a partisan. >> it is. keep in mind it is the home senators who select these judges and the process of -- dave: we should mention both senators from delaware are democrats and they approved her nomination. >> that is right. politics is thrown out the window with most judges that are district court judges, these are trial judges and the

questions she's asking are so routine, so basic, they are asked in every single case. for these prosecutors to go in there, what happened is they got caught. they got caught trying to run roughshod over a court and the reason they got caught they do that in 99% of cases. they are able to push through whatever plea agreement they need because they have so much unbridled power. dave: there's also the question whether they were caught colluding with the people they were supposed to be prosecuting, whether the fix was in because this was the president's son, prosecutors were working almost as though he was their client. >> think about this dynamic. they have said that there's an ongoing investigation of hunter biden so they can protect their records. now they get into court questions start coming, they

have to acknowledge there's an ongoing investigation and they can't rule out bringing a prosecution, otherwise they look dishonest to the judge and congress, this throws defense into a tailspin and you saw it blow up in the judge simply said get your act together. stuart: i'm getting a wrap but i have to ask quickly, what happens after they have a chance to talk this thing out, the prosecution and hunter's lawyers, is there going to be a plea deal at the end or will she throw the whole thing out again? >> both sides are intensely going to try to renegotiate a plea deal. otherwise my he has artie been arraigned on two charges that this judge is going to require the prosecution to pursue. dave: great to see you, thank you very much for that, appreciate it. house progressive chair pramila jayapal was asked if she has concerns about coming testimony from hunter biden's for business partner devon archer planned for monday, what did

she say? >> he said nobody cares. watch. >> i think very small percentage of the country cares about hunter biden and the republicans continue to try to make it an issue, and try to make the plea deal an issue. there's a small percentage of people that care about that. more people care, what are republicans doing to help working people across this country. >> many democrats dismiss, deny and deviate to what republicans are or are not doing. americans should care for two reasons. hunter biden has benefited from the political interference of his father. you can say that financially with foreign business deals, getting money for policy essentially and the court room, while it was scrapped, the plea deal was pretty sweet. dave: it's not about hunter, it's about president biden, what he did as vice president to change policies the dealt

with his son's business which he said he never even knew about in the past. prince harry and meghan markel reportedly came up short on content creation for spotif a net, the stock $45 million it after cutting ties with the couple. is there hollywood stardom fading. king charles is facing backlash over his pay raise, neil sean breaking out the drama for us next.

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dave: the money the royal family gets from the british government set to increase significantly, forecasted to generate profits of $1 billion, neil sean joins me now. is that a pay raise or money the royal family has invested that they are getting. is a pay raise?

>> great value for money. it works out to british pounds, 1 pound 29, american money $160 so goodbye to you. what people are forgetting is a substantial amount of pain if you like because we have fuel which is very expensive. the platinum jubilee, the coronation. these things need to be funded. it comes from the public purse. what i would say is the oversight, people say this but the hotels, the tourism, changing of the guard, they are a colossal force in tourism. what you find is people who moan about paying for these things don't contribute anyway, they just refuse but they are a minority.

most of the british public, around the world, would consider king charles, queen camilla, a good value in one way or another, a symbol of united kingdom, great britain, would you rather have a figurehead that we have all seen? doesn't play out too well on the world stage. dave: we've seen that before but has the new king done well in the months since he has become king? >> i think so. it is a bit like me following you. a top class act, how do you follow it. the bottom line is you've got to think to yourself, people loved, he is going to turn this around. i think he's doing incredibly well. his popularity. dave: i want to get to this. prince harry and meghan markel have come up short after they,

one of many names by the streamer, the platform took a $45 million hit following the split. either hopes for hollywood stardom fading? >> they are known as houdini in hollywood because the money was there. i actually blame on a serious note the executives, and and and they fancy a little bit, it made a mistake. this particular person has managed to lose all those people's jobs. it is terrible really. dave: great to see you, appreciate it. we got steve helton on new documents showing the white

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