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>> what joe biden always does the, paneling rates his claims time and and time again. he's walking into these headlines. it's everyone else starting the notice and comment on the obvious, which is he's not capable to do job. >> the president's embellishment of the truth has been something that's been a lifelong problem. his wrestling with reality is whatser baited by the fact that he is getting older, and husband cognitive decline are is just apparent to everybody. >> we have unregulated crossings at the border, we have a system that's now sinking. >> so far you can't get across the country using ab electric voc. the emergency success is tear tried to do this big stunt with a caravan of electric vehicles, and they had all to kinds of issues. politically, it's a dangerous thing to go down. >> the four models that are going to be put out, what people are looking for is the better camera and the usbc charging. ♪ here comes the sun, here comes the sun -- stuart: isn't this a good song?

♪ ♪ tiewcht stuart it's a beautiful song, it really is. me lot aric, i'd say. how about that? 1 1:00 eastern time. it is tuesday, september the 19th -- 12th. on the markets, the nasdaq down about 10000 points, dow -- 100 points, dow off 36. show me big tech the, it's all a red right there. alphabet, meta, microsoft, amazon, apple, heir all down. look at apple, down to $76 a shower. they -- 176, they come out with or their iphone 15 in about two hours' time, and they're way down this morning. how about that? check the 10-year treasury yield, it has been going up, now it's down a fraction. 4.28%, and that's where it is now. and now this. wildfires, climate change. floods, climate change. the mass migration of central the america the north america, climate change.

at least according to vice president harris who is looking for the root causes in the migrant crisis. and the president in his rambling news conference in vietnam said, quote, there's a lot of lying, dog-faced pony soldiers out there about global warming, enquote. you get the point. climate change is invoked for everything, and if you're not onboard, you're a lying, dog-faced pony soldier. all right, now this. the leader of a climate think tank published a study in a prestigious magazine showing that a warming temperatures increased the likelihood of wildfires in california. there's the link. climate change, wildfires. ah, but just a but days later the researcher turned around and said his study failedded to take account of other factors that could encourage wildfires. he'd focused on climate, the exclusion of, say, forest management, uproar in the climate industry and you know why with. if other factors aggravate natural disasters, climate change loses its clout.

why turn the whole world upside down if climate change is not entirely to blame? but the climate crowd has to keep the anxiety going. they can't allow the scare the recede. university climate departments, think tanks, they have no room for the slightest hint of skepticism. climate is their religion. they are zealots. surely it's time for balanced research. disasters are complex events. if they're studied always in terms of climate, climate, climate, credibility is lost. and voters turn off. third hour of "varney," well, i'm just warming up, folks. stay right there. ♪ ♪ stuart: now, before we go further, take a look at this. the economist, adam smith -- no, not a guy from 2000 years a ago a, he told politico we're seeing

the fingerprints of climate change all over our nation. ill not expect things to slow down anytime soon. brian brenberg with me this morning. should we have some balanced research? >> here's the problem with balanced earning and nuance, doesn't get you any money if you're a researcher, doesn't get you power if you're in government, right? these are the crisis people. you remember, never let a crisis go to waste. why in because when you've got a crisis, you can say i need the authority and the money to solve it for you. that's how governments grow, that's how the state grows from time immemorial. stuart: you know, i think you're right, actually. i do feel you see any kind of news of natural disaster or weather, extreme weather, it's always, always, always climate change. >> look, it has to be simple because if you say, listen to in this, if you say, oh, it might be forest management or it might, you know, there mean some electrical grid problems, what happens? that's the government's fault. they don't get more power, they

get blame. notice, notice government never gives up power, ever. it's always taking, and it needs a crisis the take power. stuart: i think you're on to something will the, brian. let's change the subject. listen to what ana navarro from "the view" has to say about biden and the narrative around his age. watch this. >> what do they need to focus on? they need to the focus on the undeniable, joe biden is old, and that's narrative that they created to cause panic in people. so so what's the second part of that narrative? joe biden is old and kamala harris is unprepared. joe biden is old, but he ain't dying anytime soon. stuart: did you catch that last bit? [laughter] ignore the frailty. >> this is classic, okay in it's shift the argument slightly. nobody's daying -- saying biden needs to go because he's old, it's because he doesn't have the capacitied to do the job. or haw they doing on "the view"

making it about his age? i have to many idea how long the president's going to live, and and that's not my concern. my concern is can he be the president of the united states, and and based on what i've seen, his capacity, i don't think so. stuart: answer me this question: does anyone believe that joe biden can be the president for another five and a half years? >> i don't think he can, but i've said to you many times i think democrats would love him to stay in that spos because he will sign anything, he will do anything that the hard left requires. he has -- she's right, navarro's right, he's proven that. he's pliable. and if they can keep him in that spot by hiding him, whatever, they'll do it, stuart. stuart: another fine contribution from brian brenberg. you're all right, brian. thanks a lot, map, appreciate it. i'll watch you late are orer on today. president biden in alaska to cover 9/11. ashley, he began his remarks by cracking a joke. tell me more. ashley: yeah, incredibly, you're right. biden took to the podium in

alaska to mark the anniversary of 9/11 terror attacks and began, weirdly, with this comment. listen. >> governor dunleavy, it's the good to see you. the governor and i have something in common, we're both from scranton, pennsylvania. i wish i had him playing in my high school ball club when i was playing. i could have been ankle all-americaning having you in front of me. ashley: that comment drew immediate criticism on social media. comments ranged from gross, he can't not make it about himself, can he, said one. two, joe biden cracks jokes about being an all-american football player on the anniversary of 9/11. he had taken heat for becoming the first president the neither send and the day at an attack site or the white house. kamala harris attended events in new york city. very strange, to start your

speech with that. just veried odd, stu. stuart: well, inappropriate, i would say. odd, yes. inappropriate, for sure. ashley: yes. stuart: thanks, ashley. let's turn to the markets, please. mike murphy with me. i want to start with oracle, the stock -- well, the market is showing some red ink. orr can, way down this morning. worried? >> no. if you look at what the stock has done, out it had a big rally so far year to date up over 50%. having a selloff on numbers, but i think wall street's missing something here, stuart. so the numbers, earnings is and revenue were pretty much in line. guidance, kind of in lewin to weak, but look at the cloud business. i think that's the big deal. that's the big area of growth for this company. continues to grow. maybe not at the pace it was, but i think if you're a shareholder in oracle, that can give you increased having in the near term, that cloud business. stuart: didn't investors want to see what oracle's doing with a.i.? didn't they want some proven if results from oracle which did

not appear? >> they really do. i think they put up this i think they showed results. i think people maybe were looking for more, maybe expecting more. but if someone's been waiting to buy it and saying, hey, it's run up too much, here's an opportunity on this billionback. stuart: i know you're watching the ipo arm. you've got to tell me what this company does and how big a deal this is. >> so the reason it's the -- starting with the second part, we haven't seen too much large upos in this country in over a year now. so to see this coming, a lot of people are looking at this to lead the ipo window to open again so capital marks can get moving again. chip company. think about the run nvidia's had. a.i. chips or so many different chips, everything we're billing we need chips -- building, so here's arm coming to the public markets, and it's giving investors a chance to the own another chip company, again, if they think a company like nvidia has a run up too much. stuart9 stuart they could be

raising $54 billion -- >> a valuation of $54 billion. they're looking to take in about $5 billion of new capital. stuart: all right, mike, thanks a lot. you're with me for the hour. >> yes, sir. stuart: don't leave now. mcdonald's planning to phase out its self-serve soft drink fountains. ashley, what are -- why are they doing that? >> fewer customers aring actually visiting the dining room, opting instead to take out or digital orders. so self-serve fountain the drink stations at mcdonald's locations nationwide will soon be fading to a thing of the past. mcdonald's says it's the going to create a consistent experience, as they put it, for both customers and crew across all ordering points through the app, kiosk, drive-through or in-restaurant where customers will have to ask employees for refills at the counter. and mcif donald's isn't the only company looking to the experiment on this. other fast food companies like tack can debell -- taco bell,

pizza hut, kfc have mentioned the possibility of focusing on digital sales only in the future. things are changing. stuart: i witness stand who -- wonter if they've had shrinkage from people scoring refills. ashley: oh, sure. >> sorry, ashley. in the only shrinkage a, but right now it's not a crime to go into stores and take whatever you want. so people can just camp can out in a mcdonald's if they choose and drink as much of this stuff as they want. so the company, again, going babb to the company whatever their political stance is, they have to give shareholders the best chance to make money. so if they're losing money on this, they have to shut it down. stuart: and they do. next case, the father who was pardon by governor glenn youngkin in virginia is speaking out. he was arrested for standing upper for his daughter after she was sexually assaulted. watch this. >> they used me to silence moms and dads and grandmas and

grandpas and everybody else that were starting this movement to protect our children and stand up for our rights. stuart: carol mark visits has reaction and the full story. house lawmakers holding a hearing on beijing's threat to financial stability. and president biden's under pressure after he stumbled his way through that speech in seat nap. look at this headline from "the new york times" coming to his defense. we'll talk to jer ily baker about how biden looks on the world stage. we'll be back. ♪ ♪ teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve.

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with china. madison alworth with us. madison, what's the big concern? >> reporter: stuart, the big concern the level of economic risk we face thanks to our deep coupling with china, a country that lacks transparency and has military goals that are in direct opposition with the free world's. the house select committee hosting that hearing today the looking at exactly that and also hosting war games yesterday to investigate and play out the threat that we face. specifically during those war games, they played out the scenario of what would happen if china moved to invade taiwan. the conclusion, according to chairman mike gallagher, quote, the losses across our financial system would dwarf the russia-ukraine war. that's why the goal of today's meeting is to find out what we can do now before it's the too late. >> what economic levers can we be pulling now so that we ourseg space with china in 20227.

we need to do everything we can to put economic pressure on them. >> reporter: the focus today what legislative steps and should be taken to better protect pension and retirement funds that are currently invested in choi news companies. the -- chinese companies. the committee is act a actively investigating vc firms and asset managers that invest in chinese military assets. in the meantime, the committee taking today the opportunity to encourage wall street leaders to take steps on their own. >> don't facilitate espionage or activities that could endanger our national security. and for heaven sakes, don't invest in companies that facilitate human rights abuses. you have the right to do these things currently. in many cases. but it's the not the right thing to do. >> reporter: now, a current refrain that the committee has heard from different financial leaders that they've met with is that this is the cost of doing

business with china when talking about things like the lack of transparency of chinese companies as well as the excessive government oversight that they have really across the economy there. what the committee has set out to prove and to legislate on is that that cost is just far too high in many instances. stuart? stuart: madison, thank you very much, indeed. president biden stumbled his way through his speech in vietnam. "the new york times" came to the his defense. quote, biden's news conference in vietnam ignites his opponents. in that article white house spokesman ann a drew bates -- andrew bates blamed qanon conspiracy theories for the negative headlines. gerry baker with me now. how do you think biden did on the world stage? >> you know, it's interesting, i looked to that new york times piece, i read it. it's such a classic piece of covering, what the media does for joe biden, they cover for him. we don't see the problems that joe biden has, but they somehow say, no, no, you're just being

told stuff by conspiracy theorists. it's kind of interesting because they're asking us to believe every time we actually can see joe biden, and that press conference was a disaster -- stuart: it was. >> he got name names wrong, the weird story about john wayne, it was classic biden, the biden that we we see all the time. but "the new york times" and these other media organizations want us to believe, oh, he's tired. for the rest of the time, he's focused like a laser beam on his job, and he's brilliant, and he knows exactly what he's doing. you have to ask yourself, is it the joe biden that we we see on our screens all the time or the joe biden that the new york times describes to us that we really think -- stuart: that's the problem, isn't it? the whole world sees this, sees the stumbles, sees him being rescued by his press secretary. you can see it. i'd love to see the democrats' internal polls about what they really think about -- >> "the wall street journal" had a poll last week saying a majority of democrats think biden is too old for the job. that is the largest problem

here, forget the domestic politics, the pro contraction of america's image abroad when biden does things like this, when he goes and and meets foreign leaders. this is someone who's just not on top of the job. it projects american weakness, not a country that's strong. stuart: i've never met anybody who thinks -- well, i is are -- that joe biden can be the next president for the next five and a half years. >> no. certainly not kamala harris. stuart: that's true. i need your advice. i do need your advice. back in 2015 you moderated the republican debate. that was 2015. >> yeah. stuart: what should i do with this republican debate on september the 27th? advice, please. >> first of all, congratulations. it's a great privilege to do it. i did it with fox business and the journal last time, it was a great privileged to do it. look, you you don't need advice from me, stuart. you're a seasoned prosecutional -- stuart: that means i'm old. [laughter] >> the only thing i would say is

don't completely ignore the director shouting in your ear while you get into an argument with rand paul about china or something like that. you don't have the advantage or the disadvantage of having donald trump, i suspect, who knows, he may change his mind. that that made things quite interesting afterwards. he did remain sort of aloof for most of the discussion. no, stuart, it's a great opportunity, and it'll be a great debate and look forward to watching it. stuart flattery. now, you've got a new book out. it's called "american breakdown." why we no longer trust our leaders and institutions. give me the 30-second elevator pitch. >> it's the about the fundamental problem that's arisen in america that is causing all of our chul -- cultural and social problems which the the breakdown of trust whether it's media, government, science and technology, whether it's big business, stu, which, again, you know, you talk a lot about this too. they don't trust these leaders because fundamentally, because

these leaders are pursuing values and ideals that are not that core american values. they have taken the country the direction in the last 25-30 years, these elites who control these institutions have taken the country in a direction that most american people don't want to go. trust is central to any ability for a society to sustain itself, and american society, american institutions have lost that. they've forfeited that trust. and we've got to basically take the country back. stuart: id real that book -- i'll read that book. jerry baker, thank you, sir. the prime minister of canada, justin trudeau, reportedly stuck in india after the g20 meeting. ashley, what happened? if. ashley: well, true doe is stuck for two extra days after the g20 summit. why? because his aircraft experienced a, quote, technical issue. the canadian armed forces says it discovered the mechanical problem on sun, stranding trudeau and the entire canadian delegation for those extra the two with nights in new delhi.

reports say a replacement part was actually needed and, of course, that had to be flown in, and in the end a standby plane was brought in and the p.m. was finally able to leave. that is the story. stuart: take a look at apple, their big event kicks off at 1:00 eastern time today. they're expected to unveil the brand new iphone 15. the stock's down a couple of bucks. susan li's going going to to tell us all about the iphone 15 next. and look at this headline, never forget. it was randi weingarten and the bidens when sacrificed a generation of kids, end quote. karol markowitz wrote that, and she will be on the show next. ♪ hey, teacher, leave them kids alone ♪

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stuart: moments ago speaker kevin mccarthy called for the house oversight committee to open a formal impeachment inquire orally into president biden. mccarthy said he will how lawmakers to gather facts. congressman james comer will lead the the inquiry. mccarthy said he did not make this decision lightly, and he will go wherever the evidence takes him. check that markets, please.

i see some red ink. dow industrials down just a fraction of 1 point, but the nasdaq is down 10 is 7 points -- 107 points. apple, their big event kicks off at 1 p.m. today. the stock is down a couple of bucks in advance of that. susan li has the preview. the big new thing is, presumably, the iphone 15. >> yeah. you'll also get some watches and next generation ipods as well, and we'll see if with we get any surprises in the a iconic one last thing, maybe a new ipad mini. but they'll try to surprise and delight as they always do with these apple events. so tough times though for this new iphone 15 release because, as they say, it's a challenging u.s. smartphone market as you heard tim cook describe it in the last earnings last month. now, apple staring down a fourth straight quarter of falling sales which is the longest sales decline for the world's biggest company in more than two decades, 20 years. so the biggest change here for the new iphone 15s will be

the switch in chargers from the light anyone cable to the user sbcs.. -- usbc. >>s. elle show you this, and that's to comply with the new e.u. rules which forces all smartphone makers to use one standard of chargers, also titanium instead of stainless steel, faster chips. here's the difference in the chargers. this is the lightning cable right now, and this is the usbc that they'll switch. it's also going to cost a little bit more, so the new iphone 15, the top en, will cost a few hundred dollars plus. but most people buy their new iphones through these phone plan, it's roughly $10-20 more per month especially with the heavy subsidies that you get from the item comes. you'll also -- the telecoms. you'll get next gen air pods, possibly a new ipad mini, but i don't think that's going to happen. production will shift to india for the first time, you'll get

india-made iphones which i think is a big deal. stuart: a you know what i like about the iphone? the engineering of it. it's a beautiful piece of equipment, you know? it feels good, sounds good. >> yeah. >> some people argue it's expensive trading at 28 times earnings, but you talk about a moat? apple has people who are pay figure storage on their phone, they're using the apple phone as their bank. so what apple's doing, the biggest story, to me, is we're talking about iphone 15 and not who's displacing them. nobody if's taking market share from apple anytime soon. stuart: and i will guarantee that susan li has her order many already, am i right? >> yeah. two billion dayses in use around the world -- devices in use around the world. if you look at the pipeline, 90% of teenagers still prefer iphone than android. stuart: susan li, alled good stuff. thanks a lot. here'ses a headline for you.

never forget it was randi weingarten and the bidens who sacrificed a generation of kids. karol markowitz wrote that piece, and she joins us now. strong stuff. okay, sacrificed a generation of kids, but they're still running the public schools, aren't they? >> they are. hi, stu. really nice to see you. you're absolutely right, nothing has changed, nobody's been held accountable. the biden administration's still best friends with randi weingarten, and she's still in charge. and really what we learned in the column uh-uh write about a new book by the biden administrations where we learned that president biden and and jill biden made it a priority to have these croup onmembers at -- these union members at the white house day one. and the way they lied to the american people and shifted the rules around going back to school in 2021 was all because of randi weingarten. and what i like about it even though i think it's atrocious what happened, i like that no the matter how much positive press randi gets from "the new

york times", etc., of the world, we know the real story. she kept poor kids out of school for an entire year, and the biden administration helped her do it. stuart: you left new york city with your family. you went to florida. >> yeah. stuart: because of the schools. are you still in florida? >> yeah. i am. i'm never leaving. are you kidding? this is the greatsst place ever. and that's exactly what happened. we left because schools were closed, because masks were on kids for way too long, and because iran ity weingarten and her cronies ran the place. i like living in a place where the politicians don't answer to the union heads. stuart: scott smith, the virginia parent whose daughter was sex ideally assaulted by a transgender biological male, he's spoken out after governor youngkin pardoned his disorderly conduct conviction. watch this. >> they used me to silence moms and dads and grandmas and grandpas and everybody else that

were starting this high school. to protect our children -- movement to protect our children and stand up for our rights. they tried to shut us down. and, unfortunately, there's clear evidence that it somewhat worked. stuart: this is a movement. has it gained ground? >> he's right, you know? his case was used to call parents domestic terrorists. and it's funny, because i'm pretty in this world, i heard the story at the time, obviously, but i always assumed he threw a punch or something physical had happened. and he had never even addressed the school board. he got into a verbal altercation with another parent, and that's what he got in trouble for. so the idea that this example led to the justice department cracking down on parents talking to school boards across the country, he's right. he was used as some sort of, look, parents are are getting violent even though he wasn't violence at all. stuart: the karol, we wish you

well in florida, we don't expect to see you back in new york. >> i'd like to see you here. stuart: maybe so. thank you, karol. disney and charter communications came to a deal that ended their blackout of espn and abc, but a are popular kids channel was cut in the process. which channel was cut, ashley? ashley: that would be disney jr., a kids' favorite. the new deal between disney and charter communications means there have been a slimming down of disney's bundle of 19 channels. so, yes, disney jr. has been sacrificed along with other popular channels like free form, disney xd and and nat-geo wild. angry parents depend on disney jr. favorites to entertain their children, and they are furious, and they are demanding that the programming be restored. but under the agreement, charter agreed to pay disney's higher price to carry espn, but the

cable company will also if be allowed to include disney +in its $60 a month spectrum tv offering. make makes me so mad, mysed all of the u.s -- misseddal of the u.s. open because of this deal. still fuming about that. stuart: i can tell you're not happy about that, ashley. mike murphy, you must be if happy they've come the a deal. who won? >> i don't know if anyone really won here, stuart. i think it would be the youtubes of the world, the companies that are taking business away from the cable companies. a lot of people are just going to youtube now where you can have five televisions under one account. so i think the idea that people are going to continue to use cable or that cable business is going to grow with or without disney or espn, because people can get it elsewhere, i think this is a dying product in our country. technology's just displacing. stuart: a dying product. my goodness me. kim jong un just arrived in

russia. he's expected to meet with vladimir putin opinion on an arms deal. george bebee tells us the implications of that meeting. america gm hotels and casinos went black yesterday awe awe acrosses the country. the company suffered a cybersecurity breach. we'll take you through what happened next. ♪ -- devil may care, and i'm just a devil with none to spare. ♪ so viva las vegas ♪

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stuart: quick check of the markets, the dow is now in positive territory. it is up 21 points. nasdaq still down, that's off 85. better show me the price of oil, please. last time we checked it was at $8 # 9 a barrel, that's where it is now. it's surging. mike, you don't think we're paying -- not us, but the market generally, not paying enough attention to $89 a barrel oil? >> i think we need to really

focus on that because, again request, we have the ability to bring that cost lore. we're up at 89 because the the people in the middle east who are controlling our oil supply are saying they're going to halt production if for a while so that prices, obviously, will go higher. we have the ability here in this country to produce our own oil, to feed ourselves oil. so this tax now, you talk about inflation, this is just guaranteed inflation. this is just a guaranteed tax on people when they go to the pump the pay more. it's absolutely not what we need in this country at this time. stuart: $4 gas coming maybe. thanks, mike. the u.s -- it's the google v. us the u.s. in the biggest antitrust trial in decades. it's set to begin this morning. kelly o'grady has the story. what's google being ea accused of, kelly? >> reporter: well stuart, they're being accused of anticompetitive practices. the doj in 14 stay9 -- states allege aing they unlawfully abused their.com -- dominance. the doj is saying that google

paid billions of dollars to apple and other business partners so that their search engine would be the default option on their devices, and they're a alleging that these deals were exclusionary and companies like apple with pressured with no other choice. further, in the pretrial brief, the doj is arguing, quote, google's anticompetitive the conduct harms consumers, even those who prefer its search engin because google has not innovated as it would have with competitive pressure. they're going to argue that competitors are not harmed. they toll fox business its contracts aren't exclusionary. instead, quote, our agreement withs reflect choices by browsers and device makers based on the quality of our services and the preferences of consumers. people don't use google because they have to, they use it because they want to. now, the burden of proof is going to lie with the doj, and experts tell us a big part of that will be the economic sense test. >> what doj has to say is --

show is that the conduct of google fails what's called the economic sense test. they need to show that this conduct didn't make any economic sense but for the purpose of excluding competitors given the ease with which a consider can switch search engines. that's going to be difficult to show. >> reporter: this trial's a big deal because it will signal if the doj has any teeth against big tech. and artificial intelligence may play a role because google has proven behind in a.i. search. that could undermine the d to oj's argument that it prevented innovation. back to you. stuart: you mentioned the magic words, artificial intelligence. thanks, kelly. mgm resorts had big computer issues yesterday. i think actually went black all across the country. ashley, what wases the problem? ashley: yeah. not a good situation at all. the company blaming a cybersecurity issue. they say the cause of that shutdown of some casino and hotel computer systems at mgm

resorts international properties all across the united states, it all began sunday affecting reservation systems and casino floors. in las vegas and also in other states including maryland, massachusetts, michigan, mississippi, new jersey, new york, ohio. this really was nationwide. reports say people could also not access the hotel web sites. now, the cause of the issue has not been describe as yet, but a statement says efforts were made to protect data including shutting down server systems. mgm says the investigation is continuing, but that is not good for business, stu. stuart: yes, indeed. thanks, ash. show me the dow 30. we always like to say get a sense of the market. i'd call that a pretty even split between winners and losers. the dow is up a mere 20 points. china deployed more than 40 planes and ships near taiwan, 13 aircraft actually crossed the meridian line getting close to the island. taiwan says it's bolstering its defense in response.

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a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. ♪ stuart: china is deploying over 40 planes in the taiwan strait.

many response, taiwan is bolstering its own defenses. former russia a cia agent george bebee is with us today. george, flat if out question, is china getting ready to invadesome. >> well, no, i don't think they have plans to invade taiwan anytime if soon, but they're e quite concerned that the united states is attempting to both isolate china internationally and punish it, cripple its economy, but also that we're preparing for war over the taiwan strait and that we may be with heading closer and closer to recognizing taiwan as an independent state. ask and those are things that cause great alarm in china k and we, of course, are reacting to what the chinese are doing. we are in an action and reactions cycle with the chinese right now which is quite dangerous. stuart: how do to you defuse that the situation? >> well, unfortunately, there's not an easy answer to that question. i think you have to do two things. one, you do have to prepare

militarily for contingencies. but you also is have to couple those military preparations with diplomatic engagement. and i think that latter part has been lacking in the u.s.-chinese dialogue to this point. stuart: should we be raising our defense spending? >> well, i think we need to be smarter about how we're spending our defense dollars in dealing with both china and you should shah. -- and russia. we can't afford to waste money in this situation. we've been doing too much of that. stuart: kim jong un has reportedly arrived in russia to meet with putin. north korea seems to have the ammunition that putin needs, and putin has the food that kim jong un needs. is that the deal? >> well, i wish that were the deal. i think it goes beyond that. the north koreans have tens of millions of artillery shells on the shelves that they could provide to the russians for uses in ukraine, and that's pebbly quite a significant --

potentially quite a significant factor in the course of that war. but in return, i think the russians can provide a lot more than just food or energy which the north koreans certainly need. the big concern is that they will provide space technology, satellite technology, help with north korea's submarine program, and those are things that could have real repercussions for security in northeast asia. stuart: it's a new world order. russia, china, iran, north korea verse is us concern versus america, europe, japan, india. that's how it's shaping up? >> well, i think that's a little bit too neat a division. the the united states has been trying to isolate russia and china in the world, but a apart from europe, japan and australia, we've not made a lot of success. a good portion of the global south has said we don't want to choose sides. we want to be able to have

strong relations with both the united states and west on the one hand and with russia and china on the other hand. so we're going to have to be at lot more sophisticated in our diplomatic game to deal with this. stuart: george beebe, we appreciate it very much, indeed. back to the markets real fast, i see the dow gaining ground, up about 50 points. nasdaq down 84. mike murphy with with me. what's with this casey's general stores? i don't think there's strong earnings. i never heard of them before. >> very interesting. they operate in 16 states, they're a convenience store with a gas station. casey's general store is the fifth largest seller of pizza in the united states. now what analysts are attributing this to, this is interesting, middle american stores, they're saying there's not as much shrinkage as the their larger competitors are seeing in the big cities. so in these smaller towns, like the song says, they're not seeing so much theft that we're seeing this in big cities. either way, it's a great if

quarter for casey's -- stuart: yeah, look at it ego. what does it tell you about consumer spending? >> the consumer is still spending, they're going to continue to spend, stuart. people need to go out and support themselves whether it's putting gas in their car, buying pizza or fixing up their homes. people still want to spend in the right place, but the consumer has the choice. so they're going to pick where they spend their money. stuart: what happened to uber? i distinctly remember buying it on your suggestion when it was $44 a share. it's now 48. >> that's good. almost 49. i call that good. am i getting a raise many. [laughter] stuart: i used -- doesn't matter. i cannot refer to that. mike, stay there, please. it is the tuesday trivia question. you may wish to the to play along. which country drinks the most coffee per capita? norway, finland, the united states or iceland? now, that's a choice, isn't it? i haven't a clue. don't look it up, mike. >> i already did. stuart: we'll be back. ♪

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stuart: i've never known a question to generate so much inquiry during the commercial

break preceding the answer. which country drinks the most coffee per capita, norway, the united states, iceland. three very cold countries. what is your guess? ashley: not sure about the scandinavian. >> i will say norway. stuart: i'm going to say iceland. it is finland. nobody got it right. fins consume 26.45 pounds of coffee per person each year according to the international coffee organization. i am sorry you got it wrong, i know you looked it up. see you again soon i hope. you are a good man. time is up for me. coast to coast starts now.