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♪. stuart: good morning, everyone it is 10:00 o'clock eastern today marks 22 years since the attacks on september the 11th. a solemn day 22 years ago. a breakaway for the markets, let's see what's happening there, on monday morning, the nasdaq was up over a hundred now it's up near 71, the dow was up over a hundred now it's up near 77, still some green on the left-hand side of the screen, the ten year treasury has been moving up this morning it is at four-point to 7% now, the price of oil also going higher, 8746 and bitcoin, last time we checked it was 257 now it is 25598, that is the market sports

fans president biden will be at the new york city for the un summit and raising campaign cash, i would really like to know just to is giving him mo money. those of us that work and live in new york are watching the city being trashed by biden's open border policy. and in their wealthy penthouses, the wealthy people are going to fund his campaign, that will not go down well especially now that mayor adams has announced budget cuts to every department police and firefighters to pay for the migrants, my guess that biden will arrived with a peace offering the migrant have cost $12 billion for the year end perhaps the president will offer a few billion from the federal treasury but that brings problems of its own. if new york is money what about everyone else, bailing out the states and cities that are being asked to taken literally millions of people will take tens if not hundreds of billions of dollars.

that is the bill for the open border, how do you think voters are going to think about that? what the president should do is control the border but he walked he has not reversed course on any of his disastrous policies and is not likely to start now, trump cut the flow, biden open the spigot. with the president arrives here next week to head up the wealthy for donations we new yorkers would like to know which new yorkers are giving him money to keep trashing new york. the second hour of "varney" just getting started. ♪ sean duffy, the gentleman on the right-hand side of the screen, do you think the president will bailout new york city? >> is going to try no doubt that new york will boil itself out, the sanctuary city and a policy that does not work and they won't change course and the reason that they can do this is the rich liberals of new york

love this policy that they get themselves separated from the consequences of the policy. all the migrants go to poor communities, poor neighborhoods. they're not sitting in the rich neighborhood of new york city as long as the rich people would say enough of the policy you would see eric adams and joe biden change course they're unwilling to do that right now because they deliver the policies that they promote. stuart: mayor adams wants every agency in the city to cut their budget by 5%, he's doing this to pay for the migrant crisis, this will affect the police, firefighters, the schools, education, they're already in crisis, the migrants in new york are making the problem far worse and i think that's developing to a national problem for this president. the stupidity of the policy you can say were not to be a sanctuary city the idea that we thought was great to open our borders and that anyone who wants to come into our community interest in our country. it does not work, let's reverse

course and try to stem the flow and put pressure on her party to secure the border they're not wanting to do that instead a to cut their budgets, i think if you're in texas and arizona, the policy that actually works is the only policy that works, send the migrants to the sanctuary cities and century states, flood them with the people that they have asked to come into the country and when that happens all the sudden they get really uncomfortable they don't actually like it they can afford. arizona and texas have been living with the consequences of joe biden's open border and when you share in the pain all of a sudden they start to squeal and squirm and cut their budget and in the end i think what you will see when services are rolled back services been rolled back even aoc in new york is saying maybe this policy doesn't work because her constituents are angry that services are going away there's less resources for the poor because of going to

migrants because people who don't pay taxes and have a history of the country articulate the resources that normally that the poor and unfortunate people have in her community and the police force, the fire department and the only strategy keep sending migrants to these communities and hopefully mayor adams and others will get common sense and say joe, enough seal the border we can't deal with this any longer. stuart: i doubt that will ever happen but i would like to see it. thank you for being with us, see you later. vice president here is trying to deflect the blame for the administration's failed border policy, what is her response. lauren: this was a terrible excuse, watch the interview with cbs yesterday. >> when the border crossing went down earlier in the summer the administration said it was due to your policies working another going back up doesn't show the strategy is no longer working. >> absolutely not what it means we have to stay focused and the

number of issues related to the irregular migration and that were seated around the world and america is not immune. overall were not seen progress, there could be fluctuations that is normal. >> she said immigration is a global problem, is due to authoritarian regime and extreme weather in the interview. , she is the problem, it's a biden administration own making did you read the new york times op-ed by michael bloomberg. he was making the case to speed up the work permit but he said the white house auto recognize the political damage that this will do to democrats up and down the ticket. stuart: i think they're realizing in panic mode. lauren: she makes excuses like that. stuart: it just doesn't work climate change worldwide event, no. check at the market we are 36 minutes in and we come back a little, the dow is up 60, the

nasdaq up 70 points, ryan payne is with us. i read this. you said that investors should put their money anywhere but to act are you trying to ruin me. >> that was my goal tech is the most over concentrated trade and most investors have their money evaluations are not cheap we talked about this a lot in apple last week lost $200 billion in two days. and it's standing on stilts and the rest of the market i would argue is relatively cheap. stuart: if i don't put money into tech where do i put it. >> my philosophy 60% are baby boomers one of the fastest in the country and if you look at it right now, anybody like dividend in companies that raise the dividend for over 20 years plus their earnings are going up last quarter while the overall is going down and evaluations are a lot cheaper and you have a nice dividend and dividends are increasing consistently is a great place to get capital right

now, growth stocks and tech stocks pay very little divi dividends. it's a perfect time to reallocate your portfolio to where the dividends are a lot richer. >> if i'm going for a dividend paying stock i want better than 5%, i can get 5% in the six month treasury were a one-year treasury, i do better of not if i go to a corporation. >> you're playing with my thesis, cash's trash and i'll tell you why here's your biggest risk investors always make the wrong decision at the wrong time. it sounds smart to put it in a 5% treasury the problem inflation is coming down next year is an election year end are pretty confident the fed will lower interest rates so all of a sudden the 5% that you locked in the money market creating 5% is paying three, meanwhile you missed a move in the market because earnings are going up and you can lock into longer-term bonds at a 16 year high in interest rates, by a longer-term bond portfolio walk into the market but this in cash is like the worst decision you

can make with their long-term money. stuart: no tech, high cash, high dividend payment. >> you heard it here first. >> company, my last name. great to see you again. forgive me for this one. were looking at the movers at rtx is a mover and you couldn't tell me what it's about. >> aerospace company the jet engine people revealed an engine manufacturing flaw and said it would book a 3 billion-dollar tax this quarter to address that, the stock is down 6%. stuart: 3 billion is a chunk of money. the cybersecurity. >> brokerages has cybersecurity spending remains resilient and businesses continue to invest despite the challenges economy. there up to in a quarter. stuart: you like cybersecurity, dividend. >> maybe not that stock specifically but a long-term trend that you could bet on. stuart: doordash.

>> you like the delivery. >> evaluation is insanely hi higher. >> jefferis upgrades them to hold the price target is 90. in sticker, the ipo is happening possibly next week, the roadshow is today. his ipo market coming back. in the disclosure the instacart is revealing of the roadshow, there is confidence in the delivery market, dashes up in one of the reasons is that. >> united auto workers union could be going on strike this week, here's the question what i've been hearing how could elon musk benefit from the strike. lauren: tesla is a nonunion he does not have to deal with this. obviously tesla could benefit because it can and will continue to turn out cars in the inventory for the big three right now is 55 days, that is it if the strike is significant prices are going to go up for

buyers, it's devastating for car buyers but also the small suppliers that make the brackets in this and that for the automakers and others the total economic loss of a ten day strike is estimated by anderson economic group at $5 billion and maybe there will be individual deals that stellantis is making a counter offer to the uaw today, obviously they want to avoid a strike at the time of the economy is softening and banks are tightening their lending standards which makes it tough for the suppliers. stuart: it'll probably go up to the last minute and tesla benefits. that's the way it looks at the moment. thank you, now this, more than 70000 daycare centers, 70000 could close by the end of this month as government aid is about to end, gerri willis has a story, three top democrats in california are trying to replace

diane feinstein california governor gavin newsom has a plan of his own to fill the seat. we will have details on that, breaking from tradition president biden is heading to alaska to commemorate 9/11 from a military base in anchorage, peter doocy has the full story after this. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ teeth sensitivity is so common. it immediately feels like somebody's poking

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staff has anybody spoken. five questions. i'm going to go to bed. >> upstairs he went. president biden is more curious and what the press corps is shouting about, this time he was determined not to deviate from the list of preselected reporters that his staff sent him to the stage with. stuart: i got it, kt mcfarland with me now, kt in your opinion did biden put in a strong performance overseas? >> it was terrified we watched

an old man bubbling across the stage, mumbling into mental decline in his like the emperor has no clothes but the real emperor who was important was the one that was not there to hold you 20 and the whole point is to get the world's major economies in the room to compare notes, china boycotted, they sent their number to the chinese president didn't bother to show up, the russian president didn't show up, what their busy doing sane you can have your meeting ug 20 world order were into a new world order that were in charge of and if you want to stick with the old world order lookee of leading a bubbly president biden this is a really significant meeting, not because anything that was done we discussed or anything that anybody said the two didn't show up, that was a chinese. stuart: kim jong-un is reportedly already on his way to russia and the special train of his, he is going to be putin. it seems the new world order is taking shape, china, russia iran

against north korea against the u.s., japan, europe and india previous taking shape as we speak. >> the tragedy, here we are on september 11 and go back to september 1122 years ago. united states although it was a terrible day for america, the united states was the sole superpower of the world, undisputed world leader, world moral authority and china was a growing country, developing country but not that important, now where are we today china is a country that appears to be calling the shots in china is on the rise in the united states physically is pictured, the picture you have in your mind is an american decline with president biden in a clear and obvious decline. the symbolism is extraordinary and meanwhile the north korean president is meeting with putin and what are they going to talk about the new world order and what's in the new world order russia will keep fighting in

ukraine russia has plenty of money because of high oil prices of russia will buy weapons from north korea and it would not be doing unless china get permission, the whole new world order is the block set up against us and they think they're in the cold war and award that you have a winner and a loser and you do not have equal partners that are going to trade and compete on a level playing ground for china it is a win lose game is not a win-win day think they will win and they're setting up in front of our faces the new coalition. >> reuters is reporting brought a verge of a prisoner swap divan is good for $6 billion next week and the word is they will exchange the prisoners, are you in favor of the prisoner swaps? >> there is a reason that the united states has historic policy if you don't negotiate for hostages you don't negotiate

with terrorist. the minute you pay a lot of money to get the american hostage out, what happens the country nabs a couple more americans. it's good money is a great business, what is the going rate for an american citizen to come home. it is big money, over a billion dollars, here we are with iran taking new citizens, making citizens as hostages in the deal the more you look into it the worse it gets because of the high price tag for the market citizen and turns out even in addition to that we had to throw when iranian citizens of the swap and now that the iranian government has said i know the americans think they were good uses for him unitarian things in medicine and food stamps, we're going to use it for whatever we want and if they want to use it for the weapons program nuclear program in the program to harass countries into ill deeds though do whatever they want. there is a reason we should not of had a policy like this

minutes when you pay bad dividends for us down the road for americans are snatched. stuart: kt mcfarland thank you for being with us on this day in particular. thank you. the head of the house foreign affairs committee calling out a fellow republican for creating a national security risk, come on in, what is risk. >> good morning to you, michael mccaul, texas leaving fellow republican tommy tuberville for holding back on hundreds of military promotions. tauber bill a member of the armed services committee block the promotions for months, over his objection to a defense policy that provides paid time off and reimburses travel costs for service members, independent seeking abortions. mccaul says wait a minute it's a threat to national security to not have these promotions. >> the idea that one man in the senate can hold us up for months i understand maybe promotions but the nominations is paralyzing the department of

defense. i think that is a national security problem in a national security issue. >> mccaul says he wishes tuberville would reconsider the military promotions adding the abortion issue is already been worked out in a budget negotiation and a spokesperson for tuberville says mccaul's remarks are inaccurate. stuart: thank you very much. a communist revolutionary group burned american flags outside of jason aldean konther over the weekend. senator ted cruz will react to that. he's getting join us in your virginia governor glenn youngkin has parton a father that was arrested at the school board meeting. the dad stood up for his daughter that was sexually assaulted at school, corey deangelis is on the governor's fight for parents rights and he is next. ♪

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stuart: the dow is backup to a solid gain of 137.7 nasdaq up

80, we will take it, lauren is looking at the movers i want to start with google tv. lauren: there are reports that disney and charter are near a deal for monday night football everybody wants to see aaron rogers and the jets opener tonight, spectrum had arranged free food bowl trials for customers who wanted to watch espn but could not because of the disney charter disagreement. stuart: if you make it a deal secrecy monday night football, fumo is not good work for. >> they would not get as much interest in using as an alternative. >> why is nvidia down. >> the news today from the ceo he told wire that the partnership's here to stay for a decade and nvidia has a strong track record with innovation but the stock is up over 200% this year, it is selling off a bit

today. stuart: when it goes off that much you can expect the traders to move in volatility, rent the runway always accompanied that i was interested in. >> ninety cents a share, down 8.5%, to brokerages giving a dollar price target, morgan stanley and tulsi advisory they see the revenue slowdown is stark and subscriber growth is concerning. when people went back to the office a few days a week there was a pop-up, people getting dressed again and leisure took a backseat and people got more formal again. it's not here to stay. stuart: i find this astonishing, 70000 daycare centers are at risk of closing as federal aid is about to disappear. it disappears at the end of this month, gerri willis is here. 70000 is a very big number. >> it is a big number in texas is 4000 in the state of new york and 6000 were looking at a sea change for women workers in this

country understand that 70% of women with kids under five years old are working so they have to have the care to stay in the workforce but the elimination of the pandemic era aid for child care at the end of the month threatens families with loss of service of 70000 daycare centers in danger of closing, 3.2 million children could lose their spots as the clock runs out on 24 billion in federal aid and that means cost will rise, the sheer cost are up 6% and that's well ahead of inflation. listen. >> the talk to any family across the country, shared experience that they have pre-pandemic post pandemic is finding and affording job care, we do not have enough high quality childcare available needs across the country. >> the average annual cost of childcare at $10853 exceeds

annual and state university tuition and 32 states and the district of columbia economy see big ramification for the big tight labor market and flexible work of a record number of women to enter the workforce the gap between the proportion of women and men who work is at an all-time low the loss of childcare could result in the loss of $9 billion in annual earnings and states could lose as much as 10.6 billion in annual revenue. stuart: no possibility of a last-minute bailout 70000 daycare centers gone. >> he would think that congress would step in but they have it yet. republican for a long time have been talking about we have to shut off the spigot the pandemic money but for women, either i work or i don't work, this is my bottom line, my wallet and what i do, it's a huge issue. >> it's an astonishing large number. thank you very much indeed. the head of chicago teacher

union is facing very heavy criticism she sending her son to a private catholic school, corey deangelis with me now. she went school choice for her own child but not everybody else. what does the teachers union have to say? >> this is a classic case of school choice for me but not for the it's total hypocrisy. i'm glad she is opportunity to send her own kid to a private school but she shouldn't turn around and fight against having opportunity as a lower income family. she pointed to things like this investment in the public schools is a reason for doing this but her kids tuition is less than $15000 a year, guess what they spent in the chicago government run schools, over $27000 per student and the failure factories that we call the chicago public schools. she knows they are failing in its complete dumpster fire so she sent her kid elsewhere and other people should have that choice to. stuart: do you think this might be an opening for real school choice in chicago. if the head of the teachers union goes for school choice, is

going to ripple down isn't it? >> ctu, chicago's teachers union is the centerpiece of hypocrisy over the past couple of years you had them deleting tweets saying was racist open schools of the board member vacationing in puerto rico while saying it was too dangerous to go back to work in person in chicago so hypocrisy is all over the place they are overplaying their hand and hopefully more families will wake up and push back against the hypocrisy of the chicago's teachers union, one more thing stacy davis gave the president last year said that she is legitimized in the space, because she was spending all of her kids to chicago public schools. a year later she flipped on the stance and sent her kid into a private school. let's hope more families have the same choice. stuart: i hate to have the expression that you cannot make this up but you cannot make this up. and dad in loudoun county protested against the school board and claimed they covered up the sexual assault of his

daughter. the father was arrested and charged, now virginia's governor glenn youngkin has pardoned the man, i say that is a big win for parents and probably a boost for the political fortunes of governor youngkin as well. >> this parent was at the centerpiece when the national school board association actually sent a letter to the department of justice implied that parent should be labeled as domestic terrorist, glenn youngkin is a true hero for parental rights in education and with this move pardoning this parent, he shows he cemented himself as a leader of the new parents party, the gop, this is a great move and a great win for parents and more leaders on the republican side should follow glenn youngkin's blueprint for success. if you don't remember, i'm sure you do but for listeners glenn youngkin won his election in a

blue state that went ten points divided the year before on the issue of education which was a number two issue in that election. the gop can be the parents party is up to the leadership to take the lead on the issue like glenn youngkin did. stuart: he might run for the presidency, thank you for being here we know we will see you real soon. vice president harris made headlines celebrated the 50th a diversity of hip-hop, it was her dance moves that caught everybody's attention. we will explain that for you, my next guest helps wounded veterans served by building them customize surfboards we will speak to the managing director of one more wave, that is next. ♪

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stuart: report because the pentagon is developing a new fleet of drones. i bet they will use a.i. >> based on the graphic coming in from the break i think you're right. yes. the pentagon has started to assess the possibility of developing artificial intelligence powerfully of drones or autonomous systems that will allow the u.s. to compete counter threats from china as being like into the space race with russia kathleen hicks, the deputy secretary of defense told the wall street journal that the goal of all of this is to produce thousands of systems for use of the land, air and sea ready for first deployment within two years the defense department says it has to keep pace because china has focused heavily on a.i. research and development in the latest paragon budget request are around $1.8 billion the a.i. research and development. it is a race for a.i. dominance.

i'm going to change a subject, my next guest runs a charity that provides wounded and disabled veterans with customize surfboards in the community to surf with. rob garnet is a managing director of one more wave and he joins me now. do provide the customize boards for free? >> we sure do we provide custom surfboards for injured and disabled veterans at no cost at all. stuart: in what way do they differ from a regular surfboard. >> may be someone who served overseas suffer some type of traumatic injury something incredibly physical maybe an amputation, spinal injury, maybe a bad burn and they might need something special like candles on the board or strengthening of the deck, everyone's a little bit different and we get excited to try new things and get more people surfing and get the magic of the ocean.

stuart: how many boards have you provided so far. >> we will hit 700 this month, 700 greens. stuart: 700, and to be given to veterans for free just like that. >> absolutely. all they do is they hop on her website one more wave.com they apply they speak to me i speak to everything the veteran that apply and we see if we can get them into equipment that will get them in the ocean. stuart: where does your money come from do you run a surfing business, this is a charity on the side or what? >> no surfing business, we survive on donations, grants and good people of the u.s. that provide us the funds that we need to create these boards. stuart: give a big event in new york, are you raising money here? >> we sure do we have an event on the 13th and it's good to be an incredible event it is a big fundraiser to keep everyone going and keep everyone in the ocean and surfing innkeeper funds coming in.

that is a fine thing, i did not know about you until they told me about you, i think that is a fine charity, 700 free boards. you're good man. come and see us again. i hope you do well in new york this week. >> thank you for having me, to the market the dow is up 70 points, and the nasdaq is up 76, modest very modest gains on wall street to start the new week. more schools and universities are telling students you have to mask up, do we really need kids to be masking again, doctor nicole saphier deals with on the next hour. a columnist for msnbc says donald trump must die and presented protect democracy. >> think donald trump must die in prison. i don't care if he was 45 years old, you should get life in prison if you attempt a two and there should be no chance of

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stuart: the dow industrial up 82 and the nasdaq up 85, that is the state to play a liberal talk show host on sirius xm says donald trump needs to die and presented protect democracy. rotate. >> i think donald trump must die in prison, i don't care if he was 45 years old you should get life in prison if you attempted to and there should be no chance of parole, i don't care who it is. joe concha is with me this morning, what does that say about the state of politics in america or that particular newschannel. >> it is interesting msnbc columnist who wrote this is a practicing attorney and as a practicing attorney one would think he would honor the top role of the u.s. legal system the crazy notion that individual is innocent until proven guilty but this lawyer and writer skip that part would trump and goes directly to declaring him guilty before one court proceeding begins and therefore he should die imprisoned according to the

columnist. according to msnbc allows this crap and that's what this is, crap unhinged on apology genic hatreds to be greenlighted and displayed on his website that appear propaganda publications do. i always go back to the gallup poll conducted last year they found that 83% of americans believe that the media only helps to divide the country instead of informant. and when you see stuff like this written and said that as exhibit a. stuart: it's amazing to see trump hatred alive and well with vigor and passion and venom. this astonishing when you see things like that. it did not go away, 2015 or before and it's never ever got away, it is still very much a part of the media and america today. the last word to you on this particular subject. i said last word to you on the subject. >> sorry about that.

look it's not just hatred from personal perspective it is good for business quite frankly no one attracts readings quite like donald trump into gillooly for stations like msnbc and cnn. if you take them off the stage is like taking tony soprano off the sopranos and taking stuart varney off of "varney & company". suddenly is there reason to watch at this point, that is the thing he is a central bogeyman a good for business and yes they do hate him as well it's a double whammy. stuart: the president says climate change is a greater threat the nuclear war, watch this. >> only exponential threat humidity faces even more frightening than a nuclear war is global warming going above 1.5 degrees in the next ten years. it would be real trouble, there's no way back from that.

stuart: he seems confused, that is only way i can put it. >> he seems confused on a daily basis, this is not a one-off. if i'm a republican running for president i make this a campaign ad and start running in pennsylvania, michigan, wisconsin, georgia, arizona and virginia today. i'm certain voters in the states especially the independence the suburban moms, the disgruntled democrats when they hear here this the tired old man should not even sniffing the country's commander-in-chief until january of 2029, you are telling me that nuclear war is less than a threat than climate change in your saying that with a straight face. he called people dogface lying pony soldiers if they disagree that climate change is not a threat. the dogface line pony soldier thing is happening again that's from a john wayne movie except john wayne is rolling over in his grave because that never existed in any john wayne movie. confuses the best word to move. stuart: thank you very much see you again soon. vice president harris celebrated the 50th anniversary of hip-hop at a white house event.

why is everybody talking about her dancing i don't get it. >> they didn't like her moves, the vp ridiculed online for busting out her so-called granny moves during a white house party that she hosted celebrated the 50th anniversary of hip-hop, critics pounced on her for her tired bare minimum shuffles. some called it cringe worthy, one person broke her dance moves are on par with her skill level in dealing with our border crisis, another called it the cackle shuffle referencing her laugh. here is my take i think mocking the vice president for her constant nonsensical word salads, fair enough but this seems a little harsh i really do think that. stuart: i am with you. it's silly to criticize on that basis. we are in agreement today i can

tell. will see you later, texas senator ted cruz on the migrant crisis, john catsimatidis on rising energy prices, steve hilton on governor newsom's concern about a federation is for autocracy in america. and also the president of the united states told the world he wanted to go to bed while visiting vietnam, he mobile through his answers and reporters questions and had to be rescued by his press secretary. his decline has started and can only accelerate, that is my opinion and next in my take. ♪

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