tv Varney Company FOX Business August 30, 2023 10:00am-11:00am EDT
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♪ stuart: god's country. a view of new york city in the clouds, how about that? good morning, everyone. it is 10:00 eastern. we'd better get to the money. nice gain for the dow industrial average, it is the up 170 points. a smaller gain for the s&p and also for the nasdaq, but i see green. and when you look at the dow 30, 28 are winners. just 2 are losers. the 10-year treasury wield has been coming down recently, down a bit today, 4.10 is the yield. price of oil, pretty static around -- can 80 a barrel, 81.86 right now, and bitcoin, big rally yesterday. a court move in its direction helped bitcoin. it's down today, but that's quite a rally. it's back to 27 the,3. it had been 25 the,5 earlier this week. the just received the latest reading of pending home sales. what do we have? lauren: this is contract signed, deal not closed, improved in
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july, up .9% for uniand higher for the second month in a row. i think people are sick of getting multiple offers on a property, they're just trying to sign it as quickly as possible and close the deal because there's nothing else to buy, and they think mortgage rates are going up, up and away. applications for a mortgage last week rose for the first time in 6 weeks. stuart: mark tepper's with us, by the way. your reaction to these real estate numbers. >> we're dealing with a rather frozen real estate market right now because there's not a lot of people beating the doors down trying to get out of their 3% mortgaged house to a 7% mortgaged house. existing home inventories are incredibly low. i think people are trying to get deals done quickly because there's the not a lot of deals out there. and i think consumers, home buyers in particular, really have to start looking at the new home market as well, so that's why home builders are doing well as well. stuart: stay there, please, you're here for the hour, you
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lucky guy. [laughter] hurricane idalia is making its way across florida. grady trimble joins me now from florida. again, what's it like on the ground near you in. >> reporter: well, stu, just in the last 10 is minutes or so the wind really started to puck up there. we've been showing you the stein hatch chi river behind us, and it occurred to me, stu, since the last time we talked that we believe this river typically flows in the opposite direction into the gulf. so for per speckive, the gulf is that way, the current of the river right now is heading in that direction which gives you a sense of the powerful winds that are forcing the water from the bay up the river and in the wrong direction. i want to zoom in there, and you can see some of the structures that have been taken down the river including debris. i saw a capsized boat, it looked like, and some other structures floating down the river. and we've seen search and rescue
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crews moving in this morning, but we've also seen residents, locals, coming in. you guys are are assessing the damage for the first time, huh? >> we are. >> reporter: what is the the situation as far as you're aware from -- if you had neighbors who rode out the storm? >> we rode out the storm here. >> we were in a church back here. >> reporter: okay. >> so that's where we rode it out at. and what we're trying to do is we're trying -- we work over here too. we run the hungry house, so we're going to have to go check on it. we have a house across the street. we need to check on it. >> reporter: based on what you're seeing right now, are you worried about the level of the water in. >> no. >> reporter: you're not worried. >> i'm not, no. i mean, we've had it pretty deep, you know? but, i mean, you know, we really won't know anything -- >> the river usually flows into the gulf. yes, that's true. but it's high tide, so that
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affects that a lot. >> reporter: okay. >> and we're, we're having a super tide, so it's -- >> super moon. >> reporter: thank you both for your time, wish you the best of luck. best of luck to you, hopefully everything's okay. stu, they don't know what the damage is going to be until they get over there, and that's the situation as people try to to the head a back into town. stu? stuart: watch out there, grady. the wind's picking up where you are. watch out, lad. grady trimble, everybody. thank you very much, indeed. now this. joe biden is the most unpopular president in decades. it's going to be very hard to see him making a comeback, a convincing comeback on every major issue. his kiss approval rating is -- disapproval rating is way above his approval rating. he is underwater on the economy by 20 points. 29 points down on inflation. 15 on foreign policy.
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27 points underwater on immigration and 20 points down on crime. outside the issues the president is wide hi considered physically and mentally frail. by an overwhelming majority, democrats, independents and republicans think he's just too old for a second term. that's not reversible. once the president is judged to be in cognitive decline, there is no sudden return. you don't get your memory back. you don't miraculously regain your mental and physical vitality. you have to ask who is really running the country. the president is actually putting his own personal and political interests ahead of the interests of this country because if he is incapacitated for any reason, it is president kamala harris. liz peek with me new in wednesday morning. liz, you agree with nikki haley, quote, a vote for biden is a vote for kamala harris? you agree we that? >> i do agree with that, stuart. as you said, the president looks
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increasingly frail. he looks doddering. most americans don't think he should be running. even 44% of democrats think he's really incompetent to stay in the oval office for four more years, and so you have to worry if he's like this now, what's he going to be like four years the from now? and it's because of husband tub bornness and arrogance -- stubbornness and air arrogance, qualities that got us out of afghanistan in the disastrous pullout, he won't step aside even though i think he must be hearing from leaders of the democratic party that he has to do that. because, guess what? 44% of democrats don't want him to run, only 13% of democrats want kamala harris to run for president. is so this vice president that we have is incompetent, and all we need to do is look at her record on the border the make that assessment and to ward off americans from voting for joe biden because, god forbid, when
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kamala harris takes over to value office if the way she treated our open border, the flood of illegal millions of migrants into our country, dismissing that with a sort of hysterical laughter, if that's how she's going to handle the other problems that that confront our country, we do not want her in that that position. stuart: i think we've got a problem. the country has a problem. liz peek, thank you very much for being with us. >> we do. stuart: we do, indeed. see you soon. >> thank, stuart. stuart: now that, former arely known as twitter, x these days, is making sop changes ahead of the -- some changes ahead of the 2024 election. lauren: they're allowing political ads back on the site for the first time since 2019. so now a candidate and a political party can advertise on x. it's a win-win for elon musk. he wants x to be the town square, and he needs the revenue. put things on it that gets people talking. and he hopes the de-- he helped with the desantis campaign announcement, and he allowed
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donald trump back on x. critics say there's no content moderation, and by doing this x is essentially allowing misinformation to spread. stuart: what is misinformation? lauren: well -- stuart: it's anything a democrat disagrees with. [laughter] i'm being pejorative at this point. if. lauren: so you like this. stuart: yeah, sure i do. expand the debate. >> that's how consumer cans consume content now. stuart: exactly. >> a a lot of it, twitter, instagram -- lauren: we've gotten a lot smarter when it comes to the sourcing of information that we see online are. i do, i give us credit. stuart: had the political advertising back on x, good stuff. time to get back to the markets. bottom right-hand corner of the screen, now the left-hand side, the dow is up 142 points, nasdaq up 75. apple expected to launch its i phone 15 at a special event on september the 12th. what are you expecting, mark tepper? >> iphone 15, buddy. stuart: you sure? [laughter] >> i think that's what they're going to roll out.
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look, apple was the biggest innovator and disrupter of the 2000s and 2010s, and now they're at the point where with they're essentially a company run by a bunch of accountantses, and they're trying to optimize operations -- stuart: a bunch of accountants? that's we scoretive. >> they're like the modern day ibm. it's a great company, we own 'em, but they're shifting from being a growth-oriented company that that's innovating and disrupting into more of a blue chip company, right? their goal now is just to execute, and they execute very well. but you look at a company like apple, i mean, they're expecting their earnings to be flat this year and then next year just 10% growth. and it's getting -- investors right now are paying a growth multiple for it right now, so it looks a bit rich. stuart: yeah, i think so. i wouldn't invest in it unless i could see a significant capital gain, not just inching higher safely. i want a capital gain, for heavens sake. >> one of the issues investors have is they ride out the last
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big, mega theme a little too long. they overstay their welcome and fail to get into the next one. you get back into the 1990s, it was personal computing. 2000s, it was flip phones. 2010, smartphones, and now it's a.i -- lauren: wheres' apple in a. a.i.? a little bit far behind, and where's the icar in they need something new, something fresh. stuart: what really turns me on is google and nvidia. >> yeah. stuart: they've got this deal where nvidia gives their best chips to google in the future. that is a really good deal. >> it's a very good deal, and it's giving nvidia exposure to those who work through the cloud platform. nvidia, it seems like there's a new headline about invid what what that's really cementing their status. they're doing a great job. rosenblatt securities last week, i think it's the most bullish analyst call out there, but he raised his price target, the analyst there, from 800 to
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$1100. lauren: i think that's the highest. >> 12 thes from today. it's $490 right now. stuart: i don't have the courage to put money into a $500 stock. heroin lauren what do they have, 90 share of the chip market? -- 90% share? stuart: sounds secure, i must admit. a bit rich for me. i've got to move on. interns at citadel have the opportunity to make an extra $19,000 a month. what do they have to do? lauren: be a math genius. [laughter] seriously. stuart: dime a dozen. lauren: less than 1% of the interns that apply get it, right? 70,000 apply, less than 1% get in, and when you do, you take this 11 week boot camp, math, computer, problem solving, and you would love this. here's a 163-world e-mail, now condense it into 690 words. these -- 60 words. these are math geniuses, he he
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edits people in real life are. get to the point. land the plane, lauren. and then you have to make a video of you introduce yourself. so you have to have those people skills also. you're paid $5,000 a week, a signing bonus, a stipend, corporate housing, and the cream of the crop of this less than 1% get offered a job at ken griffin's company. >> do i send my resumé? lauren a lauren are you good at math? >> two plus two is four. [laughter] lauren: that's what i said. stuart: far too old. if you want to attract the best of the best of the best, you've got to pay them. lauren: i loved the soft skills that were being required. that's basically citadel saying this new generation's not cutting it with remote work -- stuart: can you teach people how to relate to others? >> no. lawyer lauren you can try. >> so you're taking this tiny little pool of these math superstars, and you're making it even smaller because now they actually have to be social people too. [laughter] those two don't always go hand
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in hand, you know? stuart: that's true. changing the subject for a seconder here, 1500 migrants living in chicago police stations as shelters run out of room. the city's police union says officers shouldn't have to babysit asylum seekers. jeff flock brings us the story in our next hour. commerce secretary gina raimondo says there is an appetite to continue to do business in china, but she wants beijing to level the playing field. we have the story. russian state media released new video of former u.s. marine paul whelan inside a russian labor camp. he's been detained for more than four years. we'll speak to his brother david about that video and when he can come home. ♪
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♪ ♪ stuart: russian and ukrainian forces launched a series of attacks on each other overnight. russia accused ukraine of its most significant drone attack since the war began 18 months ago. greg palkot has the latest. what have you got, greg? >> reporter: hey, stuart. yeah, what we are seeing right now as that ground war grinds on is a real fight in the skies by both sides is. ukraine sending drones against six different regions of russia including moscow, four areas south of capital and a city to the to the north where an air base was targeted. russia saying and ukraine confirming four troop transport planes were blown -- blown up in the strike. kyiv saw the biggest air assault from russia since the spring, drones and ballistic missiles hitting the ukrainian capital. the port city of odesa and another city also hit.
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ukrainian air defenses knocking down much of that deadly assault, but some got through. and finally, stu, word from moscow about the possible cause of the plane crash which last week killed mercenary chief yevgeny prigozhin, a kremlin spokesman admitting it could have been due to, quote, deliberate wrongdoing. russian sources say, of course, it could have been the kremlin itself which did the wrongdoing. mystery continues. [laughter] stuart: thanks so much, greg. russian state media just released a new video of former u.s. marine paul whelan working and eating inside a russian prison. whelan's been detained for more than four years. david whelan is paul whelan's brother and joins me now. david can, you have seen the video. how does your brother look in. >> well, i thought he looked strong. he seems very resilient, and in the brief interactions he had with others, he sounded like he hadn't given up the fight yet. stuart: are you a little maybe
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disappointed by the release of brittney griner in return for that international arms dealer? your brother was not part of the exchange. disappointed? >> no. i think that the kremlin said that they would exchange brittney griner, or they wouldn't exchange anybody, ask i think in that that sort of situation the u.s. government has to allow an american to come home. and so they made the right decision and, unfortunately, until the kremlin has a way to come up with a transaction that allows paul to come home, he will, unfortunately, remain. stuart: how often do you talk about to the administration about this? >> our sister does all of our governmental relations, and she speaks to them at least on a weekly basis just getting updates and encouraging them to continue to look for opportunities to find solutions. last year there was a significant proposal made by the u.s. to the kremlin. i'm not sure what that was, but that seems to have gone by the board now, the kremlin wasn't breasted. so she encouraged them on a very frequent basis to continue
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looking for ways to bring paul home. stuart: earlier there was talk of a a prisoner roadway lease, a prisoner exchange, and it worked out to a billion dollars per prisoner. can you see anything like that happening for your brother? >> i don't think so. russia has so far not had any sort of financial interest as far as i know. they have always been exchanging only people for people where some other countries have been interested in exchanging other things for people. so i think in this case, in paul's case, it will require the u.s. to come up with humans to exchange for paul. stuart: you're being very guarded and cautious in what you say. is the administration add advising you to be guarded and cautious? >> no. in fact, from the very start they have said say whatever you want to say, and so we are careful mostly on paul's behalf. as you saw9 with the prison video, he was careful there, ask we worry about him being retaliated against which happened in the case of that video. and so to the, e tent that we're
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guarded, it's because of paul's situation. stuart: do you have any contacts, letters, any exchange of any kind in. >> yes. paul and i have exchanged letters, but he's able to speak to our parents on an almost daily basis, he gets 15-minute phone calls, ask he uses to -- it to call our parents. he sounds very strong the, very resilient, keeping up the fight. stuart: well, we're all thinking of him and praying for him. your brother. thanks so much for joining us, sir. we appreciate you being here, thank you. >> thanks for having me, appreciate it. stuart: commerce secretary gina raimondo just gave more details about her visit to china. lauren, what is she saying? lauren: well, we don't -- [laughter] stuart: not much. lauren: she came up empty-handed, right many but they're continuing to talk. she did say a couple of things, many companies that she talks to, they say that china is uninvestable for them, and she wants to change that. so her message to beijing is give us predictability.
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we want to do business with you, but we need due process and a level playing field. she was talking about a law that startedded, that came into effect last july that it's an espionage law, it's a a national security law, but basically companies are reporting that their offices are being raided more frequently and things like that. so they think china is uninvestable. she doesn't want that to be the case, but he says be predictable in how you're conducting business with with foreign firms. stuart: so she has put our case to beijing -- lauren: yes. stuart: now she's back without -- we don't know if anything is tangible that she brought back with her. lauren: no deliverables except that the lines of communication are wide open. stuart: got it. lauren: and arguably, china's economy terrible right now. they need us. stuart which brings me to mark. look, china's economy is, indeed, terrible right now. having a a big impact on america or the market here? >> we were talking about apple earlier in the hour. apple really relies on the chinese consumer for a a lot of
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their future growth, so, yeah, without a doubt. right now they're experiencing deflation in china which is -- that's more painful than inflation sometimes, right? it slows the economy, people don't want to the make any purchases. china's definitely in trouble. but when you look at what gina raimondo said, she's asking china for predictability and for transparency, and you're asking that if from a country who has a track record proof building ghost towns to make it look like their economy's booming. lauren: they also stopped reporting some economic data because it's so bad, today don't want people to know. stuart: what we want is something we're unlikely to get. lauren: correct. stuart: is that that accurate? >> very difficult. stuart: okay. next case, governor desantis, as you may know, he's off the campaign trail. he's getting a lot of media attention though because he's dealing with hurricane idalia. does this give can him an edge over his gop rivals? maybe if he does a good job with hurricane relief, maybe he does get that the edge. mike emmanuel has the story in the just a moment. a new poll shows a majority
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of voters think trump has the best chance of any republican of beating president biden, and that's after his mug shot was are released. e vista duffy alphonso will react to to trump's level of support, next. ♪ but first, let me take a selfie ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently.
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oh, and happy birthday... or retirement... in advance. stuart: markets this morning, a solid rally -- there was a solid rally for the dow, it was up 140 points a few minutes ago. i don't know what happened, but now it's down 23 -- lauren: yesterday, the best day for the market since june because the data has been disappointing, which brings you to your fed discussion. stuart: but we opened higher this morning and now we're 221 points down. -- 21 points down. you're looking at the movers, and i see that visa is moving nicely, maul gain. lauren: and as the dow went negative, the 1.3% gain for visa a went to half a percent. the "wall street journal" is reporting that the9 payment processers visa and mast orcard plan to increase fees that merchants pay when they accept your credit card. right now they're around 2.
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the increase is slated for either october or april and also for online purchases. stuart: all right. hp, i believe formerly known as hewlett-packard. lauren: stock is down 8.25%, the biggest decliner on the s&p 500, they cut their full-year profit forecast. so, basically, they're saying the sluggish demand for pcs and printers, it's going to continue. stuart: okay. what have we governor got on maui electric? lauren: hawaiian electric, the utility that's been urn fire for its power lines potentially starting the whilefires, it's up 6.6% right now. it's actually up over 40% this week. the latest is the white house has pledged $95 million for hawaii's electric grid through the bipartisan infrastructure act. stuart: so the money comes in, the stock goes up. there you have it, all right. lauren, thank you very much, indeed. florida's governor desantis, he may be off the campaign trail, but he's getting a lot of media cover as -- coverage as he deals with the hurricane.
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all eyes on desantis and his leadership right now. does that that give him an edge over his gop rivals? >> reporter: stu, it could because he's currently in office while a lot of his rivals are former office holders or. while nobody wants their home state to get pounded by a hurricane, this can remind gop voters of his skills in crisis management. >> when the winds die down to a sufficient level, search and rescue efforts will begin. we have eight urban search and rescue teams staged, ready to go, 33 ambulance strike teams, 5500 national guardsmen. we also have the coast guard on standby should that be necessary. >> reporter: former governor chris christie, who led new jersey during superstorm sandy in 2012, was asked for his advice for desantis. >> the best advice i can give him is just to be present. you know? to be present, be out there, let the citizens see you after the worst of the storm is over so they know that you're on top of
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the job and that you're going to listen to their concerns and do the very best you can to help get them rebuilt and recovered as quickly as possible. >> reporter: former vice president mike pence is making stops today in iowa, hoping christian conservatives in the first republican caucus state will rally behind him. and for other candidates, they are fielding questions about the charges against former president trump. >> it's my expectation that the he will not be convicted. i do have faith in our judicial system as the last bastion of justice, and i do think these are politicized charges. >> reporter: with recent polling suggesting that desantis' campaign is losing steam the, his crisis management skills could make him look presidential. tu? stuart: mike, thank you very much, indeed. we've got a new poll, and it was taken after trump's mug shot. it shows 62 think trump that hae best chance of beating biden. evita duffy alfonso is with
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we -- me now. would you say mug shot backfired? >> 100%. i think they thought it would solidify their narrative that trump's a criminal, and instead it's become this symbol of people fighting the man. it's become this pop culture icon. there's people who, instead of thinking of this mug shot as a bad thing about trump, they actually ended up identifying with it. so it's something that, you know, the catholics who were surveil by the fbi can identify with, the pro-lifers who were, you know, had their homes raided by fbi for peacefully protesting at abortion clinic, you had the people in maui who are suffering from these fires as they're watching corrupt politicians in the deep state advocate for us to send billions of dollars for ukraine. a lot of people see this mug shot as their, as their same struggle with the system, with the deep state and with the corrupt politicians in america. stuart: on the other side of the coin, we've got 77% think that
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biden is just too old to serve effectively a second temple term as president -- a second term as president. i don't think you can come back from that. how can you reverse the public's perception of your cognitive decline? what do you think? >> i don't think you can. it's really observable with biden, right in people are watching him make these gaffes every other week, watching him literally fall, making an embarrassment out of himself and this country on the world stage. there's a place for people who are not doing well cognitively, who are in mental and physical decline, and it's not the white house. and i think a lot of people, even democrats, are not happy with the way that the biden is projecting himself to the world. stuart: is -- what's the feeling amongst gen zers? i presume you are gen-z yourself. i'm not for sure about that, but i think you are. all your friends, all the people that you know, they all think that biden's too old? >> they do. and it's a bipartisan thing really. it's there's too many old people
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on the right and the left, and they're making decisions for the country that have consequences that they won't even be alive for when it really comes down to it. so a lot of young people say we need younged blood, i think that's why there's a lot of excitement around vivek ramaswamy, and it's a problem on both sides of the political aisle that both right and left g-zers -- gen-zers are identifying. stuart: evita, thank you very much, see you again soon. now this, a 12-year-old boy in colorado was kicked out of class for having a don't ted on me flag -- don't tread on me flag on his backpack. the governor of the state is defending the student. the national average for a gallon of gas, $3.82. prices could go higher as hurricane idalia threatens to take refineries offline. kelly o'grady has as that story after this. many. ♪ ♪ ♪ just pump it, louder! ♪ pump it, pump it, louder!
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stuart: all right. look at that market. we're down for the dow 3 points, up for the nasdaq, 33. not much price change so far today. now this, the tsa gearing up for a busy labor day weekend. lauren, i've got a question. is hurricane idalia going to make things worse many lawrence lauren probably. tampa is closed. orlando is the second is most popular destination behind seattle, think alaska crude. so, yeah. as they get -- alaska cruise can. it should making things more day9 yachtic, if you will. the tsa plans to screen more than 14 passengers between in this friday and wednesday, the labor day weekend. that's 11% more than last year and the busiest day is expected
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to be friday, 22.7 million people -- 2.7 million people. stuart: in one day. lauren: in the airports, yeah. stuart: gas prices going up all over the country. kelly o'grady at a gas station in los angeles for us. kelly, just tell me, what's the price of regular where you are now? >> reporter: it pains me to say this, stuart, but it is $5.39 a gallon. yesterday i actually the filled up my car, an average full-sized vehicle, it cost me $75 to fill up my tank. now, of course, california, we're known for our high gas prices, but this is a trend that we are starting to see across the nation. so for labor day weekend if you are driving like i am, it's going to cost you $3.82 for a gallon of regular. the good news is we've seen that nudge down ever so slightly this week, but more concerning is what's going on with diesel prices. so currently, it's $4.43 a gallon, but we are seeing a consistent uptick in that price, that's over 40 cents higher than it was a month ago. for context, if you're driving
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an average 2-tank 18-wheeler, that's going to cost you over $13000 to pill up -- 1300, and that is why diesel is known as the canary in the coal mine when iting comes to inflation. >> keyes el prices are -- diesel prices are like ad hidden tax on the consumer. all of those goods and services that the consumer buys end up being delivered on a truck or a railroad. as those diesel prices increase, those service providers have to raise those prices to the consumer. >> reporter: now, whether prices remain high or recede, that's going to come down to supply. domestically, crude inventories dropped close to 111.a 5 -- 1. 5 million -- 11.5 million barrels. we could see another voluntary cut from the saudis which would put pressure on supply. the good news is that hurricane idalia, the track doesn't hook likest going to impact the refineries down, but we aren't out of the woods.
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we could see a delay in fuel transport and, of course, we are just entering peak hurricane season, so that could put an e impact on gas prices as with well. stuart: oh, yes, it could. kelly, thank you very much, indeed. mark tepper with me. i want to concentrate on diesel for a moment after kelly's report. $4.43 per gallon, that's very strong, and that's up 43 cents in a month. that hurts business badly. >> oh, without a doubt. and that's probably why if you look at the small business optimism number, we're at pandemic kind of lows right now. small businesses is are not very optimistic. when you look at diesel, it's in every aspect of the economy, right? stuart: yep. >> when gas prices go up, when diesel prices go up, that raises costs for businesses. they're going to pass some of that or all of that on to the consumer, and then it's going to hurt demand as well. so from all different angles, this is inflation, and it hurts consumers which, you know, obviously hurts businesses as well. stuart: it costs a lot more money to fill up my tractor -- >> without a doubt, yeah.
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which leads to higher grocery bills and, yeah. stuart: it'll wipe out the profit of some small businesses, the rise in diesel. mark, thank you very much, indeed. now listen to zillow. they say we could see a home price surge, 6.5% higher from here by next july. kevin o'leary, he's been sounding the alarm on the housing market, and and he's going to take that on in our next hour. kevin o'leary coming up. hurricane idalia makes landfall in florida's big bend country as a cat three storm. fox weather's tracking it. we've got a live report from clearwater beach, next. ♪ ♪ (woman) what if my type 2 diabetes takes over?
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stuart: on the markets this morning, i see not much price movement i do see the nasdaq up 34 points. dow's down 4, s&p is down 7. got that. let's get back to hurricane aidala barreling through the -- idalia barreling through the state of florida. it made landfall as a cat three around 7:45 this morning. fox weather's robert ray in clearwater, florida. robert, what are the conditions like there now? >> reporter: yeah, stuart, it's still breezy here. thankfully, those rain bands and
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the outer bands of idalia are gone, obviously, as the landfall occurred. look at this, this is storm surge from the gulf of mexico that came in in earnest overnight, hours ago. three hours ago it was up to above my knees in some points. and, stuart, we just talked to clearwater police here on the ground as they are driving a around the a humvee assessing all of the surge and potential damage. and if there's good news out of the aftermath of a category four hurricane, which is what it was before landfall and then it turned into a cat three, is that we are told by them that most people got out of here. they followed the mandatory evacuation orders that were in place yesterday, and they are not in their homes and other areas. so right now there's no reportable injuries here. that's incredible. so far no major structural damage, also great. many of the businesses here seem to be okay. can and even though the surge came in, many of them did the not take water.
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if they did, it wasn't -- it was not deep. it was more like inches. even though on the streets up to 4 feet of wart has come in. now -- water has come in. now, high tide's coming up, they are worried about more water being pushed in by the energy still, and in the northern end of clearwater beach, that's where a lot of the homes are, the water is a little higher because it lies a little lower. but mandatory evacuations, people seemed to follow that, and that is not often the case with hurricanes. we saw that during ian last year. many people did, they hunkered down. now, having said that, i'm not negating what's going on on the big bend area where the9 storm came in, the surge much higher there, in some spots up to 15 feet, and those are rural fishing villages with lots of trees, so we're going to see a hot love coinedded -- a lot of down treed and power lines. -- trees ask and power lines. it's trucking into the carolinas and georgia, then back out to
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the atlantic. yesterday at about this time it was just turning into a category one hurricane. think about that. 24 hours ago, just turning into it. and then it intensified to a two, a three, a four and then makes landfall as a three. that is a remarkable turn of events for a violent weather pattern cans which is exactly what a hurricane is. i'm just glad that in this area, the tampa area, at least so far initial views of what's happening, nothing catastrophic. stuart: good news. good news, indeed. thank you, robert. good news, indeed. barron roddy is the the chief operating officer of an rv park in palm harbor, florida, and he joins me now. you have some residents who stayed behind in your rv park. the people who rode it out, are they safe? >> yes. the people who rode it out, they kind of stuck through it, and then thankfully it wasn't as
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severe as we thought it was going to be in our area. so everyone is safe. stuart: are the rv parks which you operate, are they basically empty? i imagine there are not that many people stayed behind. >> yes. everyone followed the mandatory evacuation that was given in our county, thankfully, and everyone pretty much drove to higher ground. stuart: would you say that the authority it is are handling this well so far? >> yes. i think they've done an extremely good job, and they've really focused on safety and making sure that anyone who was in a low-lying area was evacuated at the appropriate time. stuart: has the storm passed where you are now this. >> we're still getting some outer bands of the storm, and there's definitely some storm surge that's going to be picking up around noon today, wherever the -- whenever the peak high tide is, but now the wind has died down. everyone's worried about the storm surge that's beginning to creep in. stuart: that must have everyone
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worried. in the big bend area, i understand the surge has been up to 12-15 feet. you're not in that area directly. what kind of storm surge have you been told to expect? >> between 6-9 feet. right now we have water creeping over the docks and onto shore. some of the roads are flood thed, but we're doing what welcome to maker sure that we pump out any water that's either in the way or is creating any sort of issue. tour stuart can you handle a -- stuart: can you handle a 9-foot surge? >> wouldn't be ideal, but as long as everyone's evacuated and safe, that's kind of the main priority. and if things flood, then we just have to deal with it if it happens. stuart: we're all thinking for you. barron, thank you very much for joining us this morning. we're glad it's not as bad as it might have been. all that's good. lauren's with me. i understand that uber is doing something to help out florida residents. what? lauren: free rides to any evacuation shelter up to $35. all you need to do when you're
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using the app, use the code idalia relief, and you can get the free ride from where you are to the shelter. stuart: that's a nice thing to do -- lauren: yeah. stuart: assuming you've got drivers who can get out in the storm. >> i can't imagine there's a big amount of drivers who are willing to do that -- stuart: but will uber pay the drivers for what they're doing? lauren: i would assume they would. they're risking their life. stuart: okay. we've come to that time where i look at the big board for a start. where are we? if that's it, 7 points higher, but we're at 34,86. can you hoe me the dow winners, please? there must be some winners. we've got the list for you. there you go. apple is up another 1.3%. boeing's many in there, visa, home depotment caterpillar all on the upside. s&p 500 runners, inslet are. dr horton, lennar. the home builders are in there.
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siriusxm radio, use it myself, zscaler and, of course, are there you have nvidia at $49555 a share. -- 495. it is worth 1.2 trillion, just over. mark tepper, you're all right. thanks for joining us for the entire hour. >> thanks for having me. stuart: still ahead, kevin o'leary on the strength of a.i. stocks. guy benson on the white house trying to downplay concerns about the president's age. dr. siegel on the rise in hospitalizations from covid. the 11:00 hour of "varney" is next. ♪ ♪
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