services. we saw that in the recent jobs numbers because we saw wage growth went up in june and july and that tends to attract workers into the labor force and that's what happened in august. maria: great conversation. i'm sorry to interrupt, have a good day, david carter, thank you so much, 30 minutes away from the opening bell, that is a market faction really hire joe forget to join as the exiled crown prince of iran will be here. we will be talking about the new money that iran will have access to right now, what will he do with the money, $6 billion, have a great day. we will see you tomorrow, "varney & company" picks it up from here. stuart: good morning maria good morning, everyone inflation getting a little worse. in august consumer prices were up 3.7% over the past year that is a second method of row of exhilarating price increases,

core inflation that leads out food and energy in the fed looks at this number they came in at 4.3% over the last year that is a decline from the 4.7% rate in the previous reading. here is a market reaction very restrained, first the market went down, now dead flat across the board, the dow up maybe five, the s&p up a quarter of one point in the nasdaq down seven all over the place but dead flat basically. interest rates at first on the cpi news they went up now they're coming down a bit, the yield on the ten year actually moves well above 4.2%, now it's up for 29, 428, the two-year went about 5% and is right at 5% now, down from where it was, interest rates have not move that much, got it, the price of

oil flirting with $90 a barrel, eating 894 to be precise and because of that gas prices are starting to move up, regular averages 384 but look at diesel now live it up to $4.51 as the national average, bitcoin about the 26000 mark, 261 to be precise, there you have the market. politics, house republicans launching impeachment inquiry a government shutdown gets closer and the whistleblower says a cia panel was paid big money to change his opinion on covid change from the wuhan lab to not sure where it came from. were looking at political turmoil as far as the eye can see and we're going to ask how will voters react, here is a hint on that, the polls of the iowa caucus goers show a decline in support after biden and trump but a head-to-head matchup has trump 11 points ahead of biden. try this for a political bombshell, ace columnist david wright and the pro-democrat

washington post president biden should not run again in 2024, he saying publicly what 70 democrats are saying in private politics and money, that's what we do, wednesday september 13, 2023, "varney & company" is about to begin. ♪ ♪ ♪. stuart: it is wednesday and sixth avenue getting more crowded, you know what i mean, traffic is picking up in new york that is the first headline, here is another one the inflation report prices in august rose 3.7% over the past year, lauren take us to all the number. lauren: i think energy is a

story a roast head.5% in august from july, that much in a month that drove overall consumer prices up 3.7% annually getting the number down is very challenging for the fed especially as you look at the prices for rent and shelter, shelter is up 7.3% annually. stuart: over the last year? >> from august last year let's take a look at court if you factor out the core inflation rose .3% month over month and 4.3% year-over-year, you are encouraged by the core annual number because it is coming down. stuart: that is what the fed looks at that is coming down. lauren: they look at other things too. they look at the consumer, they look at retail sales, believe it or not. stuart: are you giving me a fight how to characterize the inflation report. lauren: i'm going to make the bet that the fed will cut rates next year. stuart: there is a forecast. lauren: they are seeing the five a 50 basis point of tightening and the effects of that is had

on the economy and is looking at prices that are unaffordable. it's not just meet the folks at texas to. stuart: you can move the market, thank you very much indeed, look who's here eddie ghabour, 3.7% inflation rate over the last year taking up a little, what does that mean for the market. >> i think one thing is clear the battle with inflation is far from over and it's going to stay sticky for a while especially with energy prices staying where they are, if they stay at these levels you can see every acceleration of inflation month and the month after and that is the fed's worst nightmare. i think the market is trying to digest the fed's next move. i would not be surprised if they don't raise in september because that is kind of what they conditioned us to think and they have followed their game plan but they are not done raising rates in my opinion. stuart: your good to get an argument from lauren who is quoting wall street saying this would be rapid declines in

interest rates, next you? >> in 2024. >> look to 2024, any chance every decline in 2024? >> historically speaking, the only time the fed aggressively cuts rates is if they break something, if were going into recession which i still believe that we are i would agree they are going to cut rates, they are not going to cut rates if the labor market stays tight and inflation stays high in unemployment stays at the current levels, they're trying to get inflation down to 2%, that is 50% cut in where we are now, you are only going to get there with the recession unless they change their target to 3%. stuart: you are not piling into stocks at this point, correct? >> no india is an area that were bullish on and we've been buying dips and we did trim on friday india because it had a 52 week high working to look to buy back

because that is a growth story for many years ahead of us with what the tech companies are going to be investing in the country. stuart: was it an etf from india that you invested that did very well. >> it is i nba is the etf that we hold for clients and again, i think the trend is going to take business from china into india and it could be a multi-year growth, we will keep buying dips but we will sell as we tactically manage throughout this time. stuart: apple is good news for you and their announcement yesterday they were talking about moving iphone production to india, that future narrative, doesn't it? >> it sure does i think that is going to be a trend amazon has talked about increasing and india as well in the short term risk for companies if china looks at that as a war against them from a business standpoint they could retaliate but in the long run i think china is ultimately going to be the loser and india is going to be the winner we are glad we got in

early and i think there's plenty of room to run over the next couple of years. in da, thank you for joining us we appreciate it. the house has announced a formal impeachment inquiry into president biden, what exactly did speaker mccarthy say. lauren: the speaker says he wants to unleash the full power of the investigating committee to gather evidence into alleged abuse of power and corruption by the bidens. [inaudible] >> eight months of power of the house. when the house wants to be able to get the shell companies. we have got to be able to. [inaudible] i think the president will be happy to do this, if he uses his administration that is obstructive. lauren: banks have flagged 150 transactions involving biden family members as suspicious,

yes there are bad flags but there are risks of impeachment two, what mccarthy has done in my opinion he appeases the hard right and his party as much as they can be appeased because he needs their vote on the spending deal but he's walking a tight rope, did he let some air out of the tires if you will. stuart: this could be a conflict, turmoil i think is the word. look at this headline in the washington post pro-democrat, washington post, president biden should not run again in 2024 liz peek with me. david wrote that headline, he is saying publicly what a lot of democrats are saying privately. i think his column gives new emphasis to getting the president into retirement. >> of biden is listening so far he has exhibited absolutely no concern about his ability to r

run. >> people will be all over this. >> how do you walk into the oval office and say mr. president it's time for you to step down, i think that's a pretty tough conversation and my guess the only person that can have it is jill biden, democrats are in terrible shape, not just because joe biden has a terrible approval rating and concerns about his age but f, s, nikki haley has done the nation a great service by shining the spotlight on, the harrison say the vote for joe biden is the boat kamala harris and now they have her outdoing and raising and at ground zero. they are really trying to pump her up but the problem is the more you see kamala harris, the less you like. that is not going to work, would democrats like to have joe biden step aside, yes, in the column one thing that he said that is totally true which i've been talking about for a couple of months it has to happen soon they have to have a primary because otherwise you are stuck with, here's. stuart: yes you are. i read your column you said that bidens push for electric vehicles could destroy our auto

industry, you know the ford motor company channel was on fox saying ev's are not for everyone. you say they will destroy the auto industry. >> joe biden wants to get rid of internal combustion engine, why is that a terrible thing, a lot of people agree with us and they think we have to transfer to ev's one group that is not keen is the uaw. it takes 40% less labor to create an ev then an internal combustion engine, that's why we have a strike deadline tomorrow night, uaw is making outrageous demands, 46% pay hike over four years, four-day workweek all kinds of things that the auto company cannot agree to, this is really the nut of it that people haven't looked hard enough if they raise the cost structure which is bad for inflation and bad for all of that but if they get more expensive in terms of the cost structure you will have

a flood of chinese ev's coming into our market, americans don't realize the biggest ev maker in the world is in china. right now they're poised to take 20% of the european market and the next two years and are going to come here and selling ev's for $20000, our average price in this country is 55000. my prediction is either joe biden has to come out in favor of the automakers and help them get to this is under negotiation without a big win from the uaw, very tough for him or they can have taxpayers propping up the auto industry forever. stuart: again. great to see you again, very much indeed. we will see you soon. here's what we have coming up ron desantis says the president is too old, rotate. >> the presidency is not a job for someone who is 80 years old, there's nothing wrong with being 80, you need an energetic president. stuart: was that in direct hit on trump, he will be 80 in his

second term. administration is sending a team to new york to help the migrants, but will they bring with them, money, work permits, either way a growing riff between new york and d.c. we are on it. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style.

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stuart: new york's mayor eric adams well known for say the white house is not doing enough with the migrant crisis. the biden administration is pushing back. edward lawrence at the white house, what are they saying.

>> they say the problem is with new york city and congress trying to blame both agencies were not hearing much from the white house about the flow of illegal migrants across the southern border into the united states president joe biden competing his cancer cabinet doing a campaign event so the white house would not confirm the last time the president spoke to the new york city ma mayor, eric adams says it's been months as he gets more vocal of needing help with the migrants for senior administration official laying out the steps the administration has taken to help new york including $140 million this fiscal year as well as the faa leasing space at the jfk airport house migrants on monday secretary mayorkas has their addressing as this. >> we have responded with a model approach that has proven to work to build awful pathways for individuals to arrive in a safe and orderly way and deliver consequent is for those who do not meet them read we are

working closely with the city of new york we sent an assessment team here that devised approximately 25 recommendations and we are executing on the recommendations and we will address this together. >> tomorrow senior white house official will go to new york to further work on that. in a call between the white house officials and select media outlets the administration blamed new york city for fumbling the migrant issue the administration saying the city failed to get enough information about migrants to see if they qualify for a work visa then they tried to turn around and blame congress for not reforming the immigration system saying if there were reforms tens of thousands of more migrants in new york city would've been eligible or could be eligible for work visas. stuart: thank you very much indeed. congressman pat pollan joins me now. it sounds like they're going to expand work permits for migrants. what is wrong with after all 5 million and are not going b

back. >> this is a problem with the body to administration they ignore laws and they let them cross illegally open arms and new york city is a sanctuary city policy. i have it right here and they recently reaffirmed it. texas, where i am from we band sanctuary cities, this is a problem for the administration to handle. we should not be in this position at all and if we had a mexican policy like under president trump we are talking about these things. we have a 33 trillion-dollar debt. stuart: what are we going to do if there are 5 million here illegally what do we do with them. were not to deport 5 million people and at the moment were paying food, clothing, medical care, housing, you name it, we are paying read why not let them work. >> it's about the law, is it lawful for folks, do we have a robe by decree where the president can ignore the law and say go ahead. >> is it about money and reality, how much does it cost to take care of 5 million pe

people. >> they have been working illegally for decades now this is why people come across the border, the issue if we ignore the laws were to get more of the problem and exacerbated because people in mexico and central america across the world are going to say i know the u.s. has immigration laws but looks what happens you come across the border the house you and let you work, we shouldn't even have immigration laws and forget have an open border policy that is the issue at hand. stuart: speaker mccarthy launches an impeachment inquiry but again congress i sense voters are fed up and they have an impeachment investigation fatigue, what do you say about that. >> i think the america people do, the democrats cheapen the impeachment process and they impeach president trump the second time without opening an inquiry at all it was clearly political route i'm not looking forward to it i said on the oversight committee. i'm on this committee and i'm not looking forward to this but

we have two other constitutional duty and in reality we just talked about the facts, the fact that i would prefer joe biden to be on the ticket for the democrats come november next year but we have to do a constitutional duty we found way too much evidence not to open this inquiry. stuart: the democrats say no direct evidence linking biden, no direct evidence, what say you on that. >> i would say when i read the ft 1023 form that the fbi produced from the reliable informant i would say that is direct and that's what you open an impeachment inquiry to see what you can find moving for forward, did the congress have direct evidence of richard nixon's involvement of a cover-up initially when they investigated, no, they found it once they open up the inquiry. by the way that's why you have a bad man coming of hunter biden who is joe biden's bagman. every piece of evidence points in that direction.

stuart: is going to get chaotic we have an impeachment inquiry and a possible government shutdown in a few days that is chaos. >> to be fair i think we can chew gum and walk at the same time, even members of congress. i think we can do both. stuart: hopefully we avoid a shutdown. great to have you on the show, please come back really soon. thank you very much. congress been fallon. back to the market, checked the futures and light of what i would call benign inflation, i guess you could call it that certainly a benign call. were down across the board but fractionally, the opening bell is next. ♪ (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how?

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jublia is recognized by the apma. most commercially insured patients may pay as little as $0 copay. go to jubliarx.com now to get started. stuart: look at futures on the upside to only just the consumer price index of 3.7% year-over-year, michael lee with me now. that seems to have minor leagues impact on the market. nothing there. i thought 3.7% in the second consecutive month with an uptick and inflation might bring the market down. >> it's been baked into

expectations, tomorrow is the bigger number the producer price index, as we've seen inflation come down over the last 6 - 9 months it's been the price of oil that has sold automatically, we are hitting highs for the year on the price of oil and although we look at inflation minus energy and food the price of energy drives the cost of everything and if you read the survey response in the ppi reports over the last 6 - 8 months use all respondents saying the cost of energy decreasing was a key driver in price pressure subsiding. as the price of energy spiked over the last month i think we might need one or two more readings before that translates through and will have a mini acceleration and inflation and it depends on how sticky that is which will determine what the fed is going to do. i think a lot of people were nervous that will have a blowout number that was much higher and

because we didn't we are sitting flat. stuart: pretty much dead flat across the board talk to me about apple, 174, 175, i think premarket, it did not get a boost from the iphone 15, why not. >> apple has been price to perfection, and the last recorders they have had negative revenue growth year-over-year so here running up against the limits right here but the bull case for apple yet 1.46 billion iphones outstanding, 25% or approximately 365 million are more than four years old so you're constantly looking at the upgrades. i think them changing the chargers is super annoying but a great way to make money, i'm personally annoyed but i'll go along with it all spend ten bucks a year or 30 bucks a year to upgrade the chargers as we have greater iphones. stuart: would you buy it at 176,

you're a long-term investor in five years. >> you have to, you have to own apple if you want to be invested in the market and that's why don't think there's not much downside. every index fund every individual is fine and their retirement account there is a 2%, 12% share of apple in there based on the index of their buying into the behemoth of a company with a massive moat around their business, i don't think apple is going to go to 200 or 230 in the blink of an eye but i don't think there's that much downside they need to get the positive year-over-year and i believe with the new iphone there is a chance doing that as we have upgrade cycle. stuart: the only big-name stock that i've never bought in my entire life and i wish i had. thank you so much indeed. somebody press the button, reach forward, the market is now open on this wednesday morning 930 eastern time we've opened slightly higher pretty much across the board the dow is up 19 points, even split winners

and losers, move on to the s&p 500 pretty much the same story a narrow game, the s&p that's about as narrow as you can get, up .06%. lauren: and is not moving. there you go to price me a commentary. how about the nasdaq composite, what is it doing, dead flat. can you get flatter than this, i don't think you can. let's have a look at big tech, any movement there, top of the list, microsoft, up 80 cents. meta $302 share, up 80 cents, apple 170 cents up 42, amazon down 19 cents, there is a fractional move across the bo board. lauren: i will take you because september is a terrible month for the stock market so some status quo might be okay. stuart: i want to take another look apple, 176 no bump from

yesterday's event. lauren: ever core called it mildly disappointing the most expensive iphone 15 which is the promax cost $100 more or $1200 you get more speed you get more memory thanks to the a 17 chip and a really good zoom camera and a new charger but those are incremental additions, will that put enough people to upgrade. maybe nine and ten u.s. teens have an iphone and they want the newest for whatever reason, maybe you have some people operating. stuart: nine out of ten teenagers in the united states have an iphone, not samsung or something else. lauren: correct iphone this is the product any small increases more money for apple, can we also talk about the smartwatch they made an announcement on that and there was expectations could directly monitor your blood pressure and it cannot.

if you had last year's apple watch, why would you get anyone pretty think the story what's going on are not going on in china the foreign ministry came out and said they'd not issued a ban on the purchase and use of foreign phone brands. i thought they said you could not use your iphone if you are a government worker, you cannot take it and you cannot use it. >> now the statement center not banning the purchase of, does that change? it's semantics but it makes a big difference. stuart: is like a negotiation of some sort. , show me tesla, ron barron was an early investor in tesla and he's been speaking about what he's going to do now. >> he loves elon musk and he trust him because he so unconventional and that is what he says tesla shares will hit $500 from 272 in the year 2025, he says tesla will be for - 5

times bigger and the next seven years because he likes elon musk he also likes spacex and he says his firm is spacex largest investor. stuart: i buddies made a lot of money. check the airline, i believe they are all down, they're cutting their summer forecast for travel. lauren: 's demand falling to normal or precode levels from the travel boom that we've had sent: since rules eased in you can go places. as demand falling as jet fuel prices are going up and labor costs are spiking. we have commentary from two airlines, the first is american were just under worst of the bunch down for a half% they cut the profit outlook for this quarter and say that pilot contracts will cost them $230 million, they will was $2.55 a gallon, not $2.90 that the fines increase if they are paying. spirit basically said the same

thing and spirit said there seems deep discounting for flights booked this fall that means demand is down, they have to discount and that is spooking all of the airlines today. stuart: i think it was warren buffett this and how do you make a million dollars you start with a billion put into an airline and then you get a million. i think that's what he said i would not touch an airline with a 10-foot pole at this point in my life. moving onto the mozambique maker, david two for one stock split and they are down. lauren: it is the first stock split in a decade. i don't know why they're down you would think this would use up demand the last split was in 2014 and shares were sevenfold in that time. they want to bring the bubble of the shares of trade in denmark to what they traded the u.s. and make them more on par there is about $500 difference between the share price.

stuart: may be some profit taking that's why they made so much money on ozempic. lauren: the biggest company in europe. stuart: still on vaccines, moderna, i'm pretty sure they're scaling down there vaccine production and i don't know why the representative. lauren: the scaling back there vaccine production because the last booster last fall, just what he% of americans signed up for one so they know there is less demand so the president of the company is talking with suppliers to make less, they are up because the pipeline is promising they just unveiled the results of mrna flu vaccine is very promising and in the next five years they will have 15 new products. they get that covid in the vaccination and the booster shot there is not much confidence in it if you will so they are pivoting. stuart: the stock is up 6.5%. stuart: a nice gain. ken vio, johnson & johnson consumer health company, the fda

says there is a problem with the congestion. >> oral decongestant, think benadryl, tylenol, mucinex that are sold over-the-counter, this is huge and fda panel voted unanimously that the ingredients don't work and this paves the way for the agency to remove them from their approved over-the-counter medication. new lawsuit top and if that happens, this is $5 billion in annual sales at risk. when my kids are sick i going to the drugstore and a buy over-the-counter many versions of all of these things, do they work, i don't know, i buy them because they're safe. if the fda in the panel comes out and says her effective, that is a lot of wasted money. stuart: did you have a lawsuit. are you selling something that you know is ineffective is that a lawsuit. >> back in the 1930s when this was approved they did not have the rigorous testing that they do now.

i think that will be one of the issues. doctor marty makary will take on all of this at 10:40 a.m. eastern right here. stuart: it reminds me of aspirin is been on the market for 100 years and if it was tested today would not be on the market, liver damage i think. thank you, coming up speaker mccarthy lodged impeachment inquiry into the president and of course democrats point the blame to donald trump, roll tape. >> they are allowing donald trump to hold our economy hostage and they are giving in to the extreme maga wing and they will potentially likely crash our economy. stuart: trump is responsible for everything, isn't that right sports fans, we have abiding impeachment inquiry, trump investigation, the hunter biden probe his way to be an ugly political season, what is that on voters we have to watch all of this, martha maccallum takes it up the administration trying to force everyone into electric vehicles but the ceo of ford

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>> the ceo ford motor made a revelation about electric vehicles, grady trimble, tell us what he had to say. >> while the biden administration is pushing electric vehicles on consumers, ford ceo jim farley says car buyer should have options. >> electric vehicles for certain customers that travel long distance use it more commuting atmosphere that are wealthier, it's a great cycle, the f150

lightning is a best-selling electric pickup in the u.s. and those customers it works great but is not for everyone we are going to offer customers the choice, we are going to have a growth story for all three of our business including our pro-business and we will let the customer choose. >> the biden administration just announced plans to use $100 million from the bipartisan infrastructure law to improve ev charging across the country, recently several high-profile cabinet officials energy secretary jennifer granholm and transportation secretary pete buttigieg have personally had trouble finding chargers despite the challenges the automakers are still investing and in some cases losing billions of dollars on ev's, the big focus of the detroit auto show and also taking over the show this year as a possible strike by the autoworkers, the people to put the vehicles together, the united auto workers union could

go on strike and less than two days, ford ceo jim farley says is optimistic that they will be able to reach a deal with the uaw but it is hard to say how close ford and the other two automakers actually are to reaching an agreement. stuart: very hard to say. grady, thank you very much indeed. economist peter morici joins us. i have a question we are being forced into ev's, why can't we let the market decide? >> the president is been advised by ideologues and villains. new technology tend to coexist with old technology as long as a generation. when i was a boy in new york in 1950s we still had a few horses around. my feeling is, we will be in ev's and if the market is left to do it we will have situations where people can find chargers, it will all happened in orderly fashion. think about this what

thanksgiving weekend is going to be like in the fourth year of his second term of joe biden on i-95 as people go from washington and philadelphia and new york city and pulled into the new jersey turnpike sensation to recharge the battery at the same time. it's going to be a certain situation. think about this a snowstorm where people get bottled up and they basically are stuck for two or three hours and her charger is running out how do you think we charge all those batteries. we cannot bring them gallons of electricity. stuart: you make a very good point, i don't like being forced into something, let the market decide, free choice. give me a choice. the next one for you, prices on the rise, the cpi, consumer price index of 3.7% in the past year, meanwhile household income actually came down between 2021 and 2022 the third year in a row the income has fallen. my question are weakening poor. >> yes we are, what is happening

the administration is financing all this industrial policy semiconductor factories that are too expensive, electric vehicle that could not earn a profit and so forth by printing money that's where they're getting money to fund the inflation reduction act. basically enter basically by selling thought into bonds and so forth, they don't raise taxes and make us poor, what that does is make us poor through inflation and that's what you see outside were reliving history when paul volker had to bring inflation down it peaked pre-prior times, basically it rose a bit and the fed tightened and it got hesitated and it rose a bit so went down but not enough then situation where the fed is weakening and unwilling to take the medicine and a consequence of inflation expectation baking it. if you look at the concert under conference board survey of consumers inflation expectations

were a year from now at about 5.8% for the last four or five months, do you want to know why the pay 7% on a mortgage is because the inspect inflation to remain high and the feds could ability the president's credibility is not there they don't know why they're being taxed this way, they know that they are. stuart: we have a columnist in the democrat friendly washington post hitting biden strategy on the economy. he says don't say the economy is better than it is, he has a point. >> absolutely, the people going to grocery stores and apparently joe biden does not do that anymore we would not expect them to but you drive to work this week and the price of gasoline is up, you going to the grocery store, my wife told me a steak went up $2 a pound at whole foods last week and hamburger went up $2 a pound and so forth, my feeling you have to be in tune with what people actually see, voters are like armies they march on their stomach and i'm afraid they're knocking to turn out for joe biden if things

don't get better. stuart: ready go to the grocery store the gas station, that is inflation that you can actually see, they take food and energy prices out of the core inflation but that detracts from the way that we feel about inflation, last word to you. >> the thing the core inflation is not going down is been stuck in the force for a long time we have been hearing for mr. mr. powell, remember mr. transitory how falling brent was going to pull down the core inflation, falling brent was six and seven months ago they have gone back up in the shelter figure has slowed its growth reflecting that but it has not gone down and now it's going to go back up again, they are not done with this thing and basically they're lying to themselves at the fed, the cooking up indexes the numbers that give them the narrative that they want and unfortunately the country is going to sever another bout of inflation before were done. stuart: we have to leave it there but we appreciate you being here, peter morici, coming up both political parties are in

turmoil, no one can predict how voters would react to it. we are in for a miserable. that will be my take at the top of the hour, have a nice day, big tech leaders are on capitol hill to discuss a.i. regulation the ceo is split on how to regulate, the latest on that after this. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures.

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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: on the market this morning a little bit of green the dow up 40, the nasdaq 20-point there was an inflation report this morning, i'm going to call it fairly benign 3.7% consumer price inflation over the past 12 months, that is a second month in a row that inflation has ticked up, show me big tech pretty much, i got it wrong meta, amazon and microsoft have turned higher look at microsoft up a couple of dollars. alphabet is down and apple pulling further away despite the big event yesterday where they had the iphone 15 announced in some changes to the watch, apple

is down to 174 this morning no bounce from the big review, take a look at the dow winners, the dow for a start is up 44 at 34688, can we have a list of the dow winners, we have honeywell, unitedhealth, microsoft is on the list, merck and goldman sachs are all up, not huge gains, up one or 6% but that's not huge, the s&p 500 the winners are headed by my moderna $6 higher over 5%, western digital, ford motor company that is interesting for the motor company the top guy says ev's are not for everyone in the stock goes up a little. lauren: they plan to double the hybrid f150 production next year that is the news double production hybrid version in 2024 gives you the option.

>> is also the possibility that the uaw will favor ford in negotiation they're supposed to be further along than gm and stellantis. lauren: it might not be one big strike but may be a targeted strike. stuart: that is the whisper if you want to know, the nasdaq winners we have a moderna, honeywell, tesla at 271, micron is up in adobe system, ten year treasury where is that four-point to 7%, the price of gold 1900 and something per ounce, 1934, bitcoin last time i checked 26 and change. oil watch this flirting with $90 a barrel, nat gas, who cares 270 right now. still ahead david, droid murdock, martha maccallum and lieutenant general keith kel kellogg, the 10:00 o'clock hour is next.

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