stuart: what a man. linda linn dell. okay, i like it. i like it. it's not about me. it's not about me. we've got to stop it. good morning, everyone. 10:00 eastern. get me out of this. the dow is up 100 and nasdaq up 60 and s&p up 13 points. where's the 10-year treasury yield and very important to investors down a bit and oil is up $82 a barrel. bitcoin is at 271, right about where it was yesterday. that's the market on this thursday morning. now this. surely there can be no doubt, it's time for a changing of the guard and america's political leadership is stuck in the about to retire mode. age is now a factor in politics. wednesday, 81-year-old mitch mcconnell froze again. he suddenly stopped talking at a

public event and aid asked if he was okay. he said yes, but appeared unable to say anything more. he's the longest serving gop leader with history and the president is 80 and his decline has been apparent for some time. three out of four voters see him as just too old. does anyone believe that he can be present for another six years? donald trump is 77. if elected president again, he would be 82 at the end of his term. he's as vigorous as ever and he'll need a youthful vice president to move for voters. a new generation is already here. look at all the attention and the 38-year-old vivek ramaswamy is generating. he doesn't have to win to make a mark on politics. he represents a new generation. so does ron desantis. he's only 44. if he doesn't win this time, he'll surely change the guard for 2028. then there's kamala harris, she's 58 and she's not a baby boomer, unlike virtually everyone else in the top echelon

of politics and may not enjoy the confidence of many voters and she's part of this generational change. i've always thought that america latches on very quickly to what is new. we're a young country, and we value youth. that is very much apart of politics today and will be a big part of the 2024 election. it is the changing of the guard, and it is here. second hour of varney just getting started. stuart: come on in, david arelatively constant low. we need now -- arelatively constant low. we need you here . avello. >> stuart, congratulations on being the moderator for the second republican debate and i'll temporal integration them have -- tell them have good

answers or you're going to get deep answers. stuart: don't box me in a corner three weeks in advance. answer the question. >> absolutely. what we're seeing in the senate is what we're seeing across america, 80 people -- people in their 80s are now 20% more likely to continue working while they're in their 80s. this isn't just happening in the u.s. senate, it's happening across each other. certainly senator mcconnell is at the top of minds because of yesterday's incident. talk about what happens when senator -- if senator mcconnell chose not to finish his term. does a democrat governor in kentucky get to appoint his successor and republicans and the legislature a few yearsing a changed it that he must appoint a republican so there's much talk about what would happen to the balance of the senate if senator mcconnell doesn't continue, it will stay in republican -- that seat will stay in republican hands.

stuart: the rise of a new generation and vivek ramaswamy and governor desantis, vivek is 38 and governor de desantis is 4 are they the new face of republican s? >> absolutely. you see it across the country. youthful leaders are stepping up and you see it in the u.s. house with speaker mccarthy and quite frankly on the democratic side going home for nancy pelosi and leader jeffrey now and you're seeing it on both sides, republicans from democrats and ultimately who gets to decide who gets to represent them as the voters. they're going to decide who is the voter or not. this is the old generation and you're hearing republicans talk about the need to create jobs and have energy and independence of letting parents be in charge of children's education and ultimately you're seeing a very

consist message just new mesosaengers. stuart: i think on the left, the new generation is more to the left than the old generation. what do you say to that? >> partly, yes. i would agree with you on that, stuart. certainly they are turning more left, but that presents great opportunities for republicans to grab more of the center because you look at many of -- most of the policy positions being staked out by surprise. amongst voters and talking about those and we'll win these key elections. stuart: david, thanks for joining us on that note. let me tell you this. senator joe mansion and his daughter looking to boost candidates ahead of 2024. what are they doing, lauren lauren: they mentioned registering a nonprofit called americans together and pitching donors for $100 million. this is a move to the middle acknowledging that the current political system might be broken

and they think it is. senator mansion is up for reelection in west virginia and he's facing a big republican challenge from both the governor and congressman alex moonny and hasn't said if he's running again for senate. does he run for president or anything? this is their moved to the middle? lauren: this is separate from the new label and we're reporting that they're talking to mansion and this is completely separate about that. stuart: thanks, lauren. back to the market. lou is with us. are these ipo, tech ip os a catalyst for the market? >> ipo windows ryan higgins closed and last year 71 ipos and end of the basement and last time was less than 2009 after the great recession and this is

really a key opportunity and the valuations have come down too. take instacart about a year and a half and they're trading in the private markets at a $39 billion valuation and it's coming at $12 billion. there's been a valuation reset that could be a really good catalyst for investors that want to get involved in new tech ipos and buy and attractive price and again, there's 20 to 30 companies waiting if the wings and these three, two out of three do well and more companies filing to go public. that's a harbinger of good things and talk about ai in the good things and more. stuart: the cannabis stocks. what do you call them? >> do you think i have an interest in that space? stuart: i have no idea but it went up after recommended marijuana be reclassified as lower risk drug. what do you think of that? >> i think it's interesting and a long time coming and a government regulation that probably needs to be changed for the investment standpoint and it's the stocks and cannabis growth and down 95 to 96 and 10

or 15% rally and don't fall for the head fake. i wouldn't touch because they're touching them on the short side and down in the day of 2018 and hype gets crazy and fundamentally i don't think their business is strong. there's too much ply and facing regulations and you're banking regulations that are still in the way that won't allow the companies to operate very clearly. >> going for the black market and running the show and rung the supply. lauren: it's legal in more than half the country and state by state and different rules and that's on the black market. >> any business tethered to the government and it's set that and becoming a difficult investment. stuart: not into pot stocks and touching the stock.

lauren: the series of chemicals and military ear plugs and morgan stanley upgrades to a hold, no buy for 3m on wall street and price target is 113. stuart: the stock that drives people nuts, palantir, up, down, up, down. lauren: dives on a downgrade and morgan stanley cutting on the too much near term optimism and artificial intelligence in the product cycle. they think it's too much hype. stuart: it's all over the place, always. >> ai hype everywhere and palantir and some people are huge supporters and this is a company that's very obscure and hard to understand what they're doing. i think it's subjected to a lot of volatility. stuart: i could say that about a lot of companies, i'm not quite exactly sure what they do but i follow them. octa. lauren: cybersecurity. shares are up 15% and crowd strike up 7% and both reported strong earnings for crowd strike and earnings more than doubled on the year. both stocks raised outlooks going forward.

stuart: solid gains, 14 and 7%. not bad at all. sam bankman-fried's lawyers made a last ditch effort to get him out of jail. lauren: he can't prep for his trial and go through all the documents that he needs to go through, are you ready, because his laptop only stays charged for one hour. he can't get an extension cord because that's considered a weapon in jail and the internet connection is spotty so he's been in jail since august 11, he's previously complained about not getting vegan food and his trial is in october and he's allowed to meet with his lawyers and two times a week and to use the internet, but he wants a fancy computer with a super fast 5g lightning speed internet connection and fancy meals. stuart: why not, he was a billionaire? lauren: i know, trying to live the billionaire life behind bars. >> like i tell my kids, suck it up, butter cup. this is a guy that

misappropriated billions of dollars of funds and tens of millions went to buy houses and he was planning to buy an island for the ac apocalypse and no one wants to hear that . you were living a life of luxury. i remember the days of dial up. lauren: good news is the judge wasn't buying any of it. stuart: he stay where is he is? lauren: stay where is he. >> no vegan food, poor guy. stuart: millions of salaried workers could get overtime pay under a new biden proposal. that's interesting. you're salary and don't get overtime but biden wants you to get overtime. we'll tell you that story. the white house said they'll encourage everyone to get new -- the new covid vaccine. dr. marty makary urging people behindly saying it's not only bad -- blindly that's @ not bad medicine but bad policy. a california mom argue that had her daughter was social letang y transitioned a school without her consent and we react to that

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landmark victory for parental rights saying parents need to speak up. this happened in monterey county, california and socially transitioned her 11-year-old daughter without telling her mother and allowed her to use the boy's bathroom and mom found out and obviously she was furious and sued. the upshot here is $100,000 and her daughter decided after all this to reidentify as a girl. here they were on "fox & friends" this morning. >> after covid hit, i was out of control of the school and i really figured out that who the school said i was, i was not. i had an identity for so long that was false so it really took me awhile to figure out that i was elesia but after i figured it out, everything went up. >> everything the child goes through, the parents should be

involved. stop putting secrecy into parents in general and it stops the bond you make with your children. lauren: whose children are they? they're not the school's children, they're not the government's children, they're my children. i should be involved in every aspect of their life. stuart: especially in something like that. lauren: it's like common sense. stuart: corey deangelis with me now. will this make schools think twice about pushing them out of their decision. 100,000, make them think twice? >> yeah, of course. the left launched an all out assault on parental education and the money will make them listen but also they need to listen to the ballot box and families push back against candidates that come out against parental rights and education like we saw with terry mccall law in virginia and if you give those kids in california $20,000 a year to the

school of their choice. maybe another public school or private school and that has policies that are aligned with family's values and that's more effective than $100,000 and over $200,000 for the k-12 education. stuart: there's an avalanche of lawsuiting comes for parents of his honor that transitioned and didn't work for whatever reason and it was awful. i see lawsuits coming, how about you? >> yeah, me too. >> yeah, parents have a fundamental right to direct the upbringing for the supreme court precedence and before 1925 and the pier sources of the society and sister case and these authoritarian and places of power like california and they'll be wise to remember those wide words important from 1925. stuart: california announced the lawsuit for the chino valley and they do not want pans notified

if their -- parents notified if their child is identified as another gender. >> on the board of liberty justice senter and looking at for parents with the chino unified school district and i can't believe the authoritarians in the state and california and they're fighting this hard to keep sexual secrets about their parents and it's totally blahs fade patternmy and if parents want to -- bl pla blahs foamy. >> i'm pro parents and pro whatever. the government shouldn't be keeping the government if their kids and they're in the best place to talk to their children about important aspects of their lives. the state isn't -- has no business wedges themselves between the parents and their own kids, particularly when it comes to sensitive topics like

sexuality. stuart: indeed. cococorey deangelis, thank you r joining us. stuart: lou, you're a dad. what your thought s? >> i'm the father of those kids and i have hard conversations with them all the time and it's not the government or school's place to tell me when i can have those conversations and they should absolutely involve me. i'm pro self-actualization and i want my kids to be whoever they want to be but i want to be engengaged in those conversatio. an 11-year-old. i have an 18-year-old, 15-year-old and 6-year-old. that 11 year age, you heard her, aliberal alicia, she figured itt not the freedom to phygouroit out on their own. lauren: if your child truly wants to be a different gender, we'd support it. i'd support it. i'm not going to force my child to be something they're not. but i'm going to be in charge of that. stuart: it's you that's in charge. lauren: we're going to see

psychologists and doctors and do it together at certain ages. my rules. stuart: i'm sorry, didn't mean to account you off there. dow up 400 points and nasdaq up 80 points and the winner please and top of that list is sales force and dow is the sales force and 3m and cisco and nike and 3m and what have we got, crowd strike and z scaler and micron, adobe system and they're all up. that helps stocks. the price of gold is $19.70 per ounce and bitcoin 21.70 per ounce. nat gas, a mere three-cent

change and mere price of gallon of gas is $3.82 and diesel at $4.45 nationally and up two-cents overnight and up 42-cents in a month. coming up, governor gavin newsom blaming california's out of control homeless problem on, wait for it, progressives. how about that. we've got the story. florida suing -- sorry, florida is surveying the damage after idalia slammed the gulf coast as a major cat 3 hurricane. fox weather's britta merwin has the latest in hard hit keaton beach, that's why idalia landed, i think. we'll be back. ♪ ♪

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- [announcer] call aag, the country's number one reverse mortgage lender. - call the number on your screen. stuart: markets, we've got a green across the board. not a lot but some green. dow is up 1 # and will s&p up 40. a steady climb throughout this morning and lauren's got the movers and starting with amazon. lauren: they're linking up with ev go for an ev charger and enabled by alexa. iowa, alexa, take me to the nearest charging station.

amazing. i mean, i think that's one of the biggest anxieties where you know where all the gas stations are. what if you need a charge? i don't see many charging stations where i live in new jersey. stuart: alexa is not going to drive my car or auto car and get me to the charger. it's going to tell me where it is. lauren: i first time i used a ue tesla, i had trouble figuring it all out. like how to charge the vehicle. >> i'm not going to wade into that one and it's an incremental change and not a transformational one. adding convenience and reducing friction. lauren: amazon is up 2.5%. stuart: there you go. shopify. aren't they another amazon tie in and they're up? lauren: yeah, and they're up 8%. shopify can use buy with prime from amazon and grabbing

benefits from non-amazon place from other retailers. stuart: five below and do they have a left problem like everybody else? lauren: absolutely. it's called shrink in the industry and forecasting current quarter revenue and profit estimates blow what they said to account for shrink for people stealing. stuart: it's that bad. it's the bottom line. >> retail sector, there's more red flags than a communist parade because there's just, you know, increasing shrink, rising labor cost and threateninged with the consumer stretch and target and dollar general and five below and consumer shoplift to buying essential items to discretionary, it's going to be a rocky road and it's a result of the fed. stuart: the guy that runs the national retail federation and told us that in some places, some stores, 20% of the merchandise on the store is stolen. >> totally, socially okay and

culturally okay to steal. that's what people think. britta is in florida with the after effects of idalia. what's it like now? >> landfall was 24 hoursing a and put that in perspective of 83 miles an hour window and it was recorded here and 7-foot storm surge and we're seeing wind damage and we have a home over here and dusty blue, they had an overhang and key ton beach had a little bit of lucky hand and eye wall replacement happening when the storm came on shore so keatop beach saw the brunt of the winds despite the fact that hurricane idalia made landfall and stronger winds in

perry, florida, a bit inland. it was a historic storm surge of 7 feet. look at this. in is someone's front porch and i have idea where it came from, varney, but it's a whole step to someone's front of their home that's off. this is a convoy coming through. of course we've been seeing a lot -- but the good -- stuart: temporary loss of video and audio. i think we've got it back. britta, continue, please. sorry, we lost her. lost the connection. but that's how it works. look at this, chris is with us. now he'ses vice president of zoological operations at zoo tampa and he's with me now. chris, we know the animals are doing well want they're all safe. if things have been really, really bad, do you have an evacuation plan? is it possible to get all those animals out?

>> that's a great question and it would be great if there was an ark we could pull up and swim away and that's not the reality we deal with and certainly every storm that comes in, there's different challenges that come with it and different things that we have to enact in our plans and keep their animal safe and maybe this one. in particular the tampa bay area and it was all about surge and stuart: if service real, really bad, how would you get them out? a line of trucks or how do you do it? >> we have a strong network of zoos in the state of florida that work together. if we know there's a certain area that's in dire needs, we're going to collaborate together and put forth every effort to move and relocate animals to move and relocate them during the storm. it's a great collaboration across the state of florida that we have peers we can depend on.

stuart: chris, this program deals primarily with politics and money. i think that is the first time we've ever had a camel on the program. oh, it's not a camel. it's a rhino. my eyesight's not great. >> it is a rhino. stuart: where's the horn? >> this is my franked johnny, he's a -- friend johnny and he's a greater one horned rhino and he's from nepal. stuart: did he do okay in the storm? >> he did great and fortunately it was a wind and rain event for us and we got very fortunate all animals did well and this guy is nice and safe today. stuart: chris, we're very glad to hear that and thank you fur bringing the first rhino on to the show. >> correct. happy to do it. stuart: chris, you sir are all right and we're glad everything survived in great form. thanks for being on the show, sir. lauren: you have many rhinos. stuart: i thought it was a camel. i couldn't see the hump but i

couldn't see the horn. >> bringing lettuce to the set next time because that was a funny comment, rabbit food. stuart: some business owners in seattle install electric fences to stop people from ransacking their stores. we have more next.

stuart: business owners in washington state and keeping the homeless away and springing it back in seat and will has it put a stop to the break in

>> there's a number of businesses that are really stepping up the voltage in their security measures and 7,000 volts to be exact and electric fences going up across the could your honor triple-demic in response to crime and in tacoma, washington, property crime tripled the national rate and 1 in 15 chance of becoming a victim and the tool and rental equipment was getting ripped off on average of 2-3 times and motion sharing and electric fence installed and since then not a single break in and 100% effective. >> it is december prayer. we're desperate to keep our product where our products are meant to be. have it here for our customers and we can make money and go to our families. reporter: the charge towards the electric fences led by car dealerships and electric car companies and have them outside protected only by a fence and

catalytic converters and car thefts only off the chart and state farms say catalytic converter theft up 400% since 2019. homeless encampment getting some but not all the blame. the massive crisis and coming up with homelessness and crime. >> they're selling drugs and manufacturing drugs and stolen vehicles and you've got pit bulls running around going after people and there's no policy in place with them going away. >> they're all put up behind and the thieves have to cut through these chain link fences to get to the electric fence behind it and the 7,000 volts in life and it won't seriously hurt you and it's not going to kill people and it's going to deter the

criminals. stuart: have you touched an electric fence and touched an electric fence, believe me. dan springer, you're all right. thank you very much, indeed, sir. change the subject. democrat gavin newsom is blaming progressives for california's homeless crisis. what exactly is he saying? lauren: like minded groups are turning on one another. so the ore governor slamming progressive ju judges and advocs for california's hope wills problem and preventing city officials from clearing out tent encampments and called the court's order propost-roush and -- preposterous and insane and posted the judge's number so residents could call the judge and say let's clean up our streets because the court wouldn't allow the san francisco officials to do that. stuart: all the years he's been the governor of california, where's he been?

lauren: things have gotten so bad there's a division in california based on how liberal you are. i'm just a democrat. he's a progressive democrat. stuart: he wants to run for the presidency. lauren: he's trying to come to the middle. stuart: he cannot be a real super progressive get the rest of the country. >> you cannot be on the extremes. lauren: it's trying to say we want everybody to be use drugs and live wherever they want but in reality over -- look what's happening to california over years of the policies, they don't work. stuart: the transition of gavin newsom. i've got to see this. thank you, lauren. check that market, please. i still see green. not bad. nasdaq up 83 points and dow is up 113 points and s&p up 50 and it's a good week for stocks so far. my next guest is a business owner in seattle, fed up with rising crime and so he's decided to run for congress. the co-owner of bistro baffe.

tell me who was so bad that happened to you at the restaurant that made you rush financial congress? >> hey, stuart. thank you for having me here. stuart: we got you, go ahead. >> thank you, stuart. thank you for having me here. what happened was last saturday, i got a phone call from my chef saying it was broken into again and third time in one year. it was not the whole last year in a half, 18 times my business is getting vandalized or broken into for some sort of money. and leaves thousands of dollars in damages. stuart: you're running as a republican for congress. national office as a republican. >> yes, i am. stuart: why run as a republican when the state, washington state, is almost entirely democrat? >> look what's going on in the

seattle, 134% rise in criminal activity and i move to the state in 2015, my wife joined the army and i was a marine myself. i'm an immigrant and this is my fourth language. i came here as a student and i was homeless when i came here. from being homeless to a u.s. marine to u.s. police officer then a successful business owner, it was not an easy journey. i have done it. this country gave me a platform. support, and this country is a beacon of hope. that's the reason everybody comes to this country. stuart: that is true. that is true. >> not just for me. it is still alive. it's the american dream. stuart: what would be the first thing that you do if you won a place in congress? >> first thing is supporting the

law enforcement. not supporting it at this moment. defunding the police and not even having the property that makes our heart and i had the meeting with mayor kent saying they're being forced to follow protocol and they're not getting funded by the state. it's unfortunate. stuart: pushing it very well and coming again soon. >> thank you, thank you. stuart: how about this, dave portnoy laying overworks at barstool sports and because so many of the workers are coming in late. remember how we complained about that? we got the story. federal prosecutors investigating tesla and accused of using company funds to build and elon musk and kelly o'grady on the billionaire's latest legal challenge center creed, that's next. ♪

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and creepy ads that follow youa from google and other companie. and there's no catch, it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. stuart: elon musk's x ask rolling out another new feature. what is it this time?

lauren: video and audio calls and you do not need a phone number. it makes x a global address book and eliminates someone saving their number and search their name and have them can he beinged with them. when he plaps to launch this and they're paying customers. stuart: no end to the idea that elon musk will put into play. nothing wrong with that. federal prosecutors investigating tesla over using funds for a secret project. kelly o'grady is with us. what was or is the secret project, kelly? what is it? >> stuart, it's said to be a glass house built for elon musk and tesla is under investigation for the alleged misuse of the company funds to build the structure. both manhattan federal

prosecutors and sec are reportedly investigating the personal benefits to musk and how tesla funded a secret initiative calling project 42 and that glass house was stocks and bonds be built near the headquarters and it was an internal probe and tesla shareholders are investigating an order for millions of dollars in specialized glass after employees share concerns over how they were being paid for and being used for. we reached out to doj and tesla and hasn't heard back and it was the "sev not commenting on existence or nonexistence of possible investigation. the sec requires public companies and tesla is to disclose transactions above $120,000 in which an executive has a material interest. they also require any executive perks worth more than $10,000 to be disclosed to investors and this wouldn't be a new action. the sec brought forth a number

of civil cases in recent years over failure to report these types of perks and i'll highlight because there's an investigation because there won't be formal charges and i'm told by legal experts there could be loopholes, stuart, like if the class house had intended company use and a class house in austin i'm scared of the air conditioning. lauren: mostly managers could get ot if hay make less than $40,000 a year and they're skilled workers and work hard weeks and should be able to make more money. obama tried to do this and he was criticized by business groups and criticized by republicans and ultimately he was shot down by the supreme court. fast forward seven years, inflation is biting.

should managers that make $55,000 or less get overtime? i'm saying yes. because $55,000 isn't enough these days. stuart: what does lou basenese say? >> don't hate the idea but hate the timing. when they were put in place for the 70s and now 60% were possible and now the timing stinks because the fed is trying it get wage growth under control and giving them a big boost and it'll be another factor contributing for the fed and holding rates higher for longer or one more time. stuart: good issue for the president making underpaid workers get paid more. does this have anything to do with when workers coming in late and he plained vigorously on this program and he bought a company, he walks in at 9:00 in the morning and nobody is there. lauren: didn't like the welcoming committee he received but don't think these two are linked and the new york post is

reporting that barstool is looking to cut 25% of workers and known for frat boy culture and maybe that gave way to some laziness. just would he being a after portnoy bought the company back for $1 from pan entertainment. that was the news and this is happening quickly after that. portnoy says it's a break even issue assuming barstool might be losing money. >> there's no way he get it is back for $1 if it was making money. too many valuable assets. i was in the green room with him that day and asked him a question about the regulatory change and how does that change things? we've been spending a lot of money. there's a big financial burden and cost that was being born by pen gaming. he had it and now cutting costs to be profitable. it's all up to him now. stuart: he's a great broadcaster. he's a personality that jumps out of the screen at you. lauren: he said he hates firing people. it's the absolute worse thing he has to do. he loses sleep over it but i guess it has to be done.

stuart: if you've losing money, you're doing it. lauren: that's a quarter of his staff. stuart: thank you, lou, for being with us for the hour. clay travis our pot legalization potentially being a big issue in this coming election cycle. california congressman darryl issa on botched afghan withdraw, dr. marty makary on mcmcconnell freezing for the -- mitch mcconnell freezing for the so he could time and u.s. tennis championship underway and what's making news and the smell of marijuana and tennis players don't like it. that's just part of my take, which is coming up next. ♪ mitch mcconnell, it's the

second time he's done this. don't be fooled and