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stuart: the rain, it is a rainy day in new york city, misty, foggy, rain and missy elliott performs a song. good morning 10:00 o'clock eastern i want to go to the money the markets not doing much the dow is down 40, the nasdaq down 11 the ten year treasury that's where a lot of interest is focused, the yield is going up on the two year end five year, the two-year and the tenure, 4.354%, that means mortgage rates are probably going up a bit from where they are now, 7.5% may be a higher, the price of oil fueling up energy price inflation, 9148 today. gas prices probably go with it from here. bitcoin modest rally it is reached 27279. and we got the latest read from homebuilder sentiment very important what is your number

actually. >> good morning it is down it is down for the second month in the lot the estimate was for 50 and they came in at 45 the second month in a row the sentiment has fallen, you were just talking about it the mortgage rates seven, 7.5% taking away the purchasing power from potential buyers and that is hurting the sentiment of the homebuilders, no big surprise but so far the stocks are doing okay but not on the sentiment side. stuart: got it, thank you very much indeed. now this, the president has arrived in new york city. and so have 100,000 migrants. he likely will not see them as he drives down the east side of manhattan for the un summit. what he does about them will establish migrant policy for his reelection campaign. we are told he wants to let them work, that will not be popular because it'll make america more

of a magnet for border crossers, new york congresswoman alexandria ocasio-cortez appeared at a migrant center in the city on friday and shouted down. she wants them to work, she has not been to the border since biden was elected but back in 2019 she went to el paso and accuse the trump administration of establishing concentration camps where migrants were being brutalized. now they're in new york flooding the schools and shelters in her district, let me show you this video the trainload of migrant happily on their way to america, clearly more coming in if the president says okay, you can work, even more will come, let them work, get the taxpayer off the hook but only after you have closed the border. another point the president will hold two fundraisers in new york, the democrat leading daily news says it will be a broadway for biden event tonight, tickets

250 - $7500 a piece. on wednesday lawyers for biden were tickets start at $3300. i wonderful ever find out exactly who is giving money to the president whose policies are ruining the city. the second hour of "varney" just getting started. stuart: mike huckabee is a former governor of arkansas enjoins me now. how would you react if the president says let them work. >> i would not be buying a ticket to a broadway show to give joe biden more campaign money, here's the crazy thing new york has been basically invaded by 110,000 migrants, eric adams the mayor wants to blame greg abbott of texas but only 13300 of them have even

been bussed from texas these are people getting there on their own they know it is the sanctuary city and the sanctuary city is failing and cost $1000 per week per immigrant for these people to be in new york city chicago has spent 200 million on their immigration infestation and let's keep in mind they are a sanctuary city they beg for this and wanted it now they have it in if the people keep voting for democrats they will get more and deserve more. stuart: if the president says let them work is not a good policy going into the election. >> not if you're an american worker and would like a job because immigration workers are going to come in and undercut the wages for american workers making it more difficult for people to find work. a lot of american families cannot put enough food on the table and cannot put fuel in the gas tank because bidenomics has been an unmitigated disaster.

it only makes it worse, what could go wrong with joe biden's policies, he is asleep at the switch through most of it, the tragedy a lot of american families are suffering but people keep electing the democrats to impose the policies we will get more of it and it's going to get worse and we will end up having people deserve what they get they just won't want what they got. stuart: reports show the migrant crisis is taking chunks out of the budget of self-declared sanctuary cities they are the ones paying the price. i bet those cities are hoping for a bailout, what say you. >> of course two things are going to try one is a bailout they will ask uncle sugar to give the money so they can pay for the so they don't have to live up to the responsibility be in the sanctuary city and the rest of the country will be paying for which is absurd because a lot of places don't want to be a sanctuary city, the second thing they will raise

taxes that the world get move with a high tax place in america and you want to raise taxes so not your kids can go to school or get healthcare, so illegals can do it, at what point are people set up to say that is enough, send aoc back to the bartending job intake their brains to work then rather than leave it on the nightstand. stuart: i'm going to leave it right there. governor huckabee thank you for joining us. i hear that hilary clinton is calling out the president and his handling of the border is that accurate. >> he gets bad when that happens, hilary clinton is acting as an advocate and pushing the biter to administration to do more for the migrant crisis, she agrees with new york governor kathy hochul new york city mayor adams at the administration that the administration needs to do more including taking steps to allow

work authorizations when you were talking about biden will be in new york for the general assembly and expected to raise money of four separate fundraisers not just the run on broadway for his campaign but reports claim numerous democrat leaders are voicing concerns behind the scenes about biden's handling or should we say mishandling of the migrant crisis including hilary clinton. stuart: got it, thank you very much indeed, we gotta get back to the markets on this monday morning a little bit of red ink but not much, jeff sica is with me let's talk about the united auto workers strike do you support the workers. >> of course i support the workers, i support the rank-and-file, what they are experiencing is what all of america is experiencing and that we've been annihilated by

inflation so they haven't got the cost of living increase so why do support the workers. that being said i have an issue with the way the leadership is specifically handling the negotiations they're not focusing on the root cause of the strike which has a lot to do with number one with the four screen initiative which is forcing the automakers to produce the electric cars in number to the inflation in general so it's right for shawn fain to advocate for the workforce in higher wages but they need to direct their attention at the true culprit which is the u.s. government, specifically the biter to administration. stuart: who benefits most from the strike.

>> i would say it has to be tesla, keep in mind tesla is not a union job they pay 38%, 30% less then the union shops pay. one thing this weekend i took my son to buy a ford, i met with him and i went to the lot and on the lot there were rows and rows of cars and i asked the manager what are they, what kind of cars are they and they said those of the electric cars the government is incentivizing to produce them and put them on our lot and basically have electric cars all over america that are rotting on the lot so the price of gas powered vehicles has increased significantly in the electric cars are not being sold as you saw with the chevy volt they had to stop production on that because shelby decided to not

making enough money so tesla has been successful there selling cars and delivering and labor is infinitely lower than the union so tesla will benefit clearly. stuart: the talk about saudi arabia and building tesla's in saudi arabia. thank you for being with us. check out the price of oil in the news 91.61 as we speak. ashley i understand refineries are struggling to keep up with the demand for diesel. >> they are and if you think the gas prices are surging and pales in comparison with diesel, u.s. prices jumped $140 to the highest level ever for this time of year in worse thing it could get worse. saudi arabia and russia have tightened the spigots on crude

that are richer in diesel and the cuts could last for the end of the year when demand usually picks up and adding to the crunch has been streamlined after it was shut down after covid and the problem is they've never been reopened, lack of refineries, look at that diesel $4.57 today and likely to go higher. stuart: filling out my tractor is increasingly expensive. the president of turkey met with elon musk ahead of the summit in new york. we have details of what they discussed. hunter biden suing the irs he accuses agents of releasing his tax information. charles hurt on that. president biden's campaign ramping up looking to raise $43 million.

madison alworth tells us what we can expect from the broadway blitz that is coming, we will be back. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different.

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stuart: a go nowhere stock market. of course i do not know how it is going to close but right now not going very far, dow is down 20 nasdaq up 20. elon musk met with the turkeys president, do we have any idea what they discussed? >> reports say they talked about

45 minutes saying the topics were artificial intelligence and tesla. according to erdogan, also a bit of soccer, it was informal, video footage showing musk going in with the child believed to be his son and then we see these images that were posted on x that was formally twitter. very informal, turkey is helping to bring elon musk's starlike satellite service to the country and hope to get help to develop batteries for the first homegrown electric vehicle. i think the boy got bored within the first 30 seconds. stuart: i wonder what president erdogan thought of elon musk son. i can only guess. thank you. hunter biden is suing the irs for repeatedly and intentionally

sharing his private tax information. hillary vaughn has a story, what is the latest. >> hunter biden steam is saying is right to privacy was violated when the irs whistleblowers came to capitol hill and testified to congress that their investigation into the tax matters was stonewalled, the lawsuit alleging irs agents have targeted and embarrassed mr. biden in the public statements to the media in which the representatives disclose confidential information about a private citizen tax matter and a whistleblower is supposed to uncover government misconduct not the details of that employee's opinion about the alleged wrongdoing of a private person but that's what the whistleblowers were testifying under oath that hunter biden was not being treated by the irs investigators like he was every other american. he was getting special treatment and that was a wrongdoing. the government misconduct that the whistleblowers were blowing

the whistle on. the whistleblowers lawyer saying they did not violate anyone's privacy or leak tax information. congress releases information and they had a right to do so. >> hunter biden's attorney is accusing the whistleblower of releasing this information but it was a committee on house ways and means that has a legal authorization pursuant to laws that congress wrote back to release this information. as public information and people can speak in whatever context, this is an attempt to intimidate the whistleblowers and any others that might want to come forward. >> on top of all this hunters team is asking for $1000 every time the irs whistleblowers talk about his taxes. if you tally all that up between the media interviews of the manchin on capitol hill that would be a lot of cash. stuart: yes indeed it would. charlie hurt with me. i think in this is just my opinion i think hunter wants to hold everything up so there is

no immediate investigation to his taxes which would expose the president to vulnerability. >> i think you're exactly right the whole lawsuit is absolutely absurd, it does go to show how insane, i think the whole purpose of the whistleblower protection is to protect a vital interest to the american people and this is not just about intimidating whistleblowers but searching, destroying and punishing them for testifying on behalf of and exposing wrongdoing it is amazing to listen to this guy talk about how he's a normal citizen when he built his entire career off of being the son of joe biden in trading public favors for his business, it is absolutely absurd but i think you're right it is all intended to hold the fire long enough to protect his

fire and his family for the next election. stuart: more importantly a pull from cbs news shows only 34% met one third of voters thanks president biden would be able to finish a second term if elected. 44% think he will leave office before the second term ends. stuart: is something going on i think deep inside the democrat party they're trying to maneuver to get biden out, to get kamala harris out are you with me on this? >> there is definitely something going on i think at the very least it registers the share tear with the leadership level about what they are facing not just with joe biden which is a disaster but kamala harris which is potentially a bigger disaster for the party but the problem with this the idea of removing joe biden against his will at

this point is a herculean task. the amount of time that they have left to do it is when doing down they have maybe a couple of months to do it and what it would take for the democrat party where the leader of the party has such unchecked power to preserve his own place in the party, who knows in this environment who knows what's going to happen next week or next month but the ability for the other powerbrokers within the democrat party to line up against joe biden and have them removed and replaced with somebody other than kamala harris, i look around and i don't see how they managed to pull that off. stuart: if they could push kamala harris aside and bring in someone else like gavin newsom for example, that would neutralize. go ahead.

>> or to throw catnip, you have to find somebody who has a lot of power within the democrat party, you could look at hilary clinton again she may be loathed the electorate but she has authority and power and respect within the power centers of the democrat party. stuart: or michelle obama, i'm throwing out michelle obama. okay, fascinating. >> i think either one ends in disaster for the democrat party which i think is a good thing for the country but i think it is all in the realm of possibilities. stuart: you are having too much fun, that is a fact, come back and see you soon. we love to see that smile, we will be back, politicians on capitol hill could be dressing like a sedative john fetterman, chuck schumer just relaxed, he asked the dress code for

senators, details coming up. mortgage rates well above 7% eroding homebuilder confidence, national association of homebuilders jim tobin on the state of the housing market, it does not look good next. ♪

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what? steven? some people just know. well played. well played, my friend. those are the people who know you're in good hands with allstate. stuart: i'm going to check the restaurant stocks for a start. fast food chains are offering burger deals in celebration of cheeseburger, national cheeseburger day, you can get a double cheeseburger at mcdonald's for 50 cents through their mobile app, wendy's selling the junior bacon cheeseburger for 1 cent, burger king a free cheeseburger to the royal perks rewards members you just have to make a purchase of 1 dollar or more, come on in i know there are movers, start with lift down 2%. what you got. >> i'm hungry for a cheeseburger. let's begin with lyft, down 2%

after the agreed to pay $10 million to settle charges from the sec, the regulators say that the company has failed to disclose that the board directors sold $424 million worth of private shares before the company went public in 2019. let's take a look at car vana as a used car folks, it's already up over 1000%, up 4% today, analyst seymour upside for the company they've boosted from $48 to 40, they say improving profitability will help the company. a apparently so. paypal the other story i downgrade from analyst down 2% today, they dropped the stock to put outperform all of this comes as ten days before alex crisp is set to take over the company, the analyst they were excited for his leadership that paypal

still has a couple more difficult years ahead of them and they seek potential for further downside, down 2% and nearly $63 a share. stuart: got it, fox news pull shows 91% of voters are concerned about rising prices and a row we number think the administration is making inflation worse, edward lawrence at the white house, the details. >> now we have the uaw striking signs that inflation is on the rise again along with gas prices, the price of a regular gallon of gas in this country more than a month ago is also 21 cents more than a year ago the cost as i get closer to $4 a gallon puts more pressure on inflation so registered voters blame president biden who reversed policies from the last administration, you see a 13-point jump in those say the

biden policies are making inflation worse is from last april, republicans say the president pushing more government spending and budget talks does not help any of this. >> no one comes out until there is white smoke, that is a level of commitment that we need from house republicans it may not be everything but i guarantee it's a whole lot better the nancy pelosi past budget or joe biden budget we have to get real solution today for. >> in public, not in 2025 people are struggling today not only with the border crisis but inflation. >> on the uaw the chamber of commerce shows us a summary of strikes and blames president biden for the unionization of all cost. with inflation i want to know how the white house answers this. >> is a automaker strike and the contact of result of the president force transition to electric vehicles? >> no we do not believe that to be. you have heard us say this, jared was here the other day and he talked about the president's

policies as it relates to the future of auto industry and how it is going to rebuild america. >> president biden in new york getting ready for his address and a big part of the address focus on climate change. now i want to cheeseburger. stuart: you don't have to be hungry to want a cheeseburger. thank you very much indeed, earlier this morning we reported homebuilder sentiment how homebuilders think the building of homes is going that sentiment with the lowest level since april, jim tobin is a national association of homebuilders joining us now is this because mortgage rates are at 7.5% and rising is not a problem. >> that is a problem the fed is working through its mandate of crushing inflation and unfortunately seen interest rates stay atop 7%, seven and a quarter and that's crushing the

housing market right now, we have a lot of people that are currently in existing homes that are not going to move because they don't want to trade in three or 4% for 7% mortgage and that why we see the builder sentiment fall to the lowest level since the first quarter of this year. stuart: would be true to say that any house that homebuilder can be billed will be sold quickly? is that true. >> i think that is true we see newly constructed homes as we go to the housing market right now. one interesting statistic, new homebuyers are making up almost 40% of the newly constructed home market, think about that the new homebuyer they are trained to new construction and that something we don't usually see that the ten or 12% and we see newly constructed homes and was 40% of the for-sale market

in any given month new homes are where it's at and that's why the voters continue to be busy. stuart: it's a grim outlook for the industry if mortgage rates continue to rise and i'm suggesting that might happen because they're tied to the yield on the ten year treasury and the yield on the ten year treasury keeps on going out. i think you have a grim outlook don't you. >> i'm always optimistic that this is the second month in the hmi after increases are there dark clouds on the horizon, sure but i'm also a firm believer if we can build more houses, get local governments and to give us the permits faster and do away with the owner's requirements and come along homebuilding can bias out, were this not talk about homebuilders in the market right now and whether it's

mortgage bankers, the local lumber yard, all of those that support homebuilding the starting to feel the pinch to. stuart: speed up the permitting process, dream on, that's the way life is. that is america. senator bernie sanders wants workers to reap the benefits of artificial intelligence. ashley, how are they going to do that. >> bernie says if a.i. and robotics means more work then labor should reap some of the gains of that in the form of more paid time off citing the parenting housing, healthcare and financial stresses confronting most americans while generally shortening their life expectancy, sanders says workers should have more time to spend with their children and families, watch this. >> it would be an extraordinary thing to see people have more time to spend with their kids, their families to be able to do

more in cultural activities and get a better education so the idea making sure the artificial intelligence and robotics benefits us all just not the people on top and something we need to be discussing. >> that's what he supported the uaw strikers demanding more from a 32 hour work week beginning for pay sanders also blaming the industry top executive for the strikes say they continue to receive giant salaries while workers have made sacrifices and deserve a substantial raise. stuart: he should blame biden for the inflation. >> he should but he won't. thank you very much. you bailed me out thank you very much we will see you later. now this a constant drumbeat of anxiety and president biden's age, looks like the media is echoing those concerns, joe concha on the growing cause for biden not to run in 2024, that is next.

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stuart: look at this video issue is whether the largest mass illegal crossings that we've ever seen taking place in the eagle pass region of texas. border patrol says more than 2000 people crossed sense midnight, the fox drone team was able to catch his video from the u.s. side as part of the group was being processed, 2000 st strong, earlier today we showed you a video of a trainload of migrants heading to north america en masse. maura cumming, president biden will hold a fundraiser on

broadway, madison alworth has the story. the president is struggling in the polls, are we see that reflected in the fundraising ability as well? >> third-quarter campaign donations do not need to be announced until october 15 so we don't have the official numbers but what we hear is the biden campaign expecting to report less than they did last quarter and that is why the campaign is doing a full-court fundraising press in the final days. a constant performance happening tonight will feature stars like vindman well miranda, josh groban and sarah barela's, cito sally twitter $50 up to $7500, today's event part of the blitz of donor meetings to round out the third quarter of fundr fundraising. the campaign is expected to report that they raised around $43 million in this quarter, far less than the 72.7 million that they raise previously. this is a quieter fundraising

time for an income that president but there seems to be growing concern as biden favorability slips, and recent fox news pulling a biden match up with leading gop candidates show several gop contenders beating biden if they were to be cast today and voter confidence on his ability to hold office that is also slipping, 61% does not think biden has a mental sadness to serve that is the percentage that only continues to grow as his tenure continues, when you look at his age and his mental abilities and his economy there is a lot of concerned around the favorability abiding but supporters are rallying around the call for potential impeachment, right now all the lights of broadway are going to be a biden not necessarily on his policies but the donors that is campaign are hoping will show up. stuart: i would love to know who is providing money to the president in new york city, maybe we will find out, maybe not. great stuff, thank you very much

indeed, take a look at the op-ed, the media bell starts the toll that joe biden 2024 campaign. joe concha road and he joins me now, this is something i've been saying for a while, democrats don't want biden to run again. any idea who they do want? >> they don't want the vice president that i can say and kamala harris polling lower than joe biden and pulling lower than 80 vice president pulling history so the obvious option that we seen in the past whether nixon from eisenhower or george h. w. bush, that probably would not happen, that name that comes up is gavin newsom governor of california which if you looking at his record in california they are losing more people out of that state than any other state in the country and they're going to places like fort, texas and tennessee run by republican governors the highest rate in the country in poverty rate in the country, it is interesting that gavin newsom is the choice, the bumper sticker make america

like california i have a feeling not too many americans would sign up for that but perhaps it's more about the presentation with gavin newsom than the actual performance. stuart: make america just like california, not a very good slogan a host on msnbc thanks people who are critical of kamala harris because republicans are afraid of her, rotate. >> it is so silly for folks to have this conversation. my conversation are they doing it, not because they think she's incompetent but because they know her potential and they are afraid for. >> i think the vice president is in a historic role a lot of times you have a political press that is white and male and used to covering politicians that don't look like the vice president here's. stuart: that would be a revelation if republicans were afraid of kamala harris, what say you. >> they got that completely wrong.

democrats are afraid of kamala harris and we know this not because it's my opinion, it's because she ran for president in 2020 except she never got to 2020 she had to drop out 2019 because she was pulling so unfavorably and so low among democratic voters, to talk about race or gender that's a funny way to talk about democrat voters, they're the ones that rejected her. if we look at performance i wish we would do more as voters in the media in general, her number one job was finding the root cause of mass migration over the southern border and if there is a grade below as minus that's what she would get millions of people come across the border and hundreds of people on the terror watch list and not many people talk about, we have a humanitarian issue and a national security crisis and the vice president was put in charge and now she almost never speaks about it and when she does do speeches, often times is

incoherent tackling and quite frankly doesn't inspire much confidence, i don't think many republicans are afraid of kamala harris, they would invite her to be the nominee instead of joe biden that is certainly for certain. stuart: we need you to comment on this the senate will no longer enforce the dress code has senator schumer carved out an exemption for john fetterman. >> this is exactly what this is about in the legacy of john fetterman has been cemented not for improving the lives of the stadium represents but thanks to the new role he gets to address like it the sophomore year end summer school, i understand what he simply cannot wear a suit like everybody else he's a 54-year-old man on the back nine, this is united states senate not a corn toss tournament with the media loves us, he will continue to do it whether fellow democrats likely will push him to be president one day we see members of the media talk in that sense and scarier process than kamala harris as present. stuart: i think you made your point.

we will see you again real soon. it is day four of the auto workers strike costing the u.s. a lot of money, where do t talk stan will speak to a regional director and the uaw in the next hour. shocking video shows on be like addicts passed out philadelphia. an addiction specialist frank rodriguez will tell us about the academic. i want to know is there any care for this addiction? we will see. ♪ ah, these bills are crazy. she has no idea she's sitting on a

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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: here is the zombie vi video. the zombie like addicts laying on the ground in philadelphia suffering from the trinket academic. frank a former drug dealer in a recovering addict. i want to know how do you get people off of fentanyl. >> that is the million-dollar question. the drugs that are out there right now it is a small percentage of fentanyl mip

10 - 14% and there's also a large percentage and a whole bunch of fillers that they put in there. there is no one-way to attack the epidemic in the drugs to help people go through withdrawal. we are using antiquated ways to treat people and retreating people as if they were still here when on the street when there's absolutely no heroin it is fentanyl and car fentanyl and synthetic opioids that's the million-dollar question. stuart: if you go into a treatment program in java problem with fentanyl, what is the success rate of getting people off of fentanyl or any other drug, what is the success rate. >> i would say historically the success rate and recidivism rate is very high. people are going to return a lot of times to familiarity and they

know something is going to kill their pain. a lot of people are using and choosing to use because of self-medication they have been through some type of trauma, they have been abuse when they were younger. one of the biggest steps that we can take as a society to solve this problem is to address the mental health issues, address the childhood traumas, address that type of stuff. without that we are working with the symptoms of addiction and were not resolving the core issue. stuart: anyway that you slice it you have to spend tens of billions if not hundreds of billions in treatment of some sort that is the bill that we are facing, am i right or am i exaggerating? >> you are not. to be honest with you you are probably underplaying a little bit and if 70 was to give me

$10 billion to say start working, i don't think we scratch the surface. the videos and the pictures what we see on tv and social media doesn't light a candle to what is actually going on. if you walk through the streets and smell the rotting flesh this is chemical warfare waged on american people by china. they're starting a war in america without firing a single bullet or a single bomb this is killing americans. stuart: i am out of time. thank you for coming on the show and telling us the extent and the difficulty of the problem. frank rodriguez thank you for having me. >> wisconsin congressman bryan steil saying the civil war on republicans over shutdown threats. steve forbes on anxiety of the president's ability to serve a second term. small but business administrator linda mcmahon on the auto workers strike. the 11:00 o'clock hour is next.

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