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stuart: if you're wondering why there's so much traffic in new york city today, it's not because of the rain. it's because the president is here and so a lot ovworld leaders are going to the un summit. choked off in manhattan. it's 11:00 eastern time, monday, september 18th. to the markets, please. the dow -- virtually unchanged down two. nasdaq virtually unchanged down 2.5 and s&p virtually unchanged and up three points and show me big tech, please. not a clear picture there and apple, alphabet, meta up. microsoft, amazon down. key to this is the 10-year treasury yield that keeps ongoing up. the latest we've got there is actually down a bit. it's at 433. it was higher earlier. watch out for mortgage rates and they're based on the 10-year treasury. now this. among democrats, there's an

increase the anxiety about the president's ability to serve a second term 6789 what are the democrats doing about this? they seem to be focusing on vice president harris. if you could somehow be persuaded to lead, voters fear about a harris presidency would go away. it started already. top democrats undermining her position. former speaker nancy pelosi was asked three times if harris was the best candidate. she could not bring herself to say yes. maryland democrat also refused a ringing endorsement. to get her out, the la times suggests senator feinstein resign, california governor newsom appoints harris to take her place in the senate. biden then makes newsom vice president and walleye la. wala. a brand new vice president that could move into the oval office. the problem is getting her to step aside. one of the ladies on the view suggested that biden would lose the black vote if harris were removed.

that's a full back at being black and female. the president is giving her a role to be successful and harris sent on a nation-wide college tour rallying the youth vote. look at this poll. it's from cbs. 42% say harris made them feel worse about the biden administration. only 32% believe harris is indeed ready to assume the presidency. getting the president to step aside necessarily, that would be difficult retirement is his call and people close to him say he's deputied to stay. therefore the best way to convert a losing ticket to a winning ticket is to somehow push aside the weakest link. that would be kamala harris. deep inside the democrat party. the process has begun. third hour of varney starts now.

stuart: steve forbes joining me this morning. i think something's going on with the biden/harris ticket. are you with me on this? >> yes, not just the failures of joe biden in terms of mental capacities, but the fact that democrats are waking up and real fire behind the hunt every biden scandal that just goes beyond the son himself and they see that ex-ploiding with the impeachment hearing coming up where they can issue real subpoenas and get more critical information. so, yes, they want out. i think their hope is somehow biden will do what lyndon johnson did back in 1968, withdraw early next year, stay in office somehow and they can have a convention and get a new presidential candidate -- a new vice presidential candidate and then take obstr on the republic. stuart: that's a long shot. a very long shot and would leave the democrats in chaos and right in the middle of the election campaign going through november. >> they may even force him out sooner and he may start to see

the light and do you want this scandal to continue with affirmties and son. >> he doesn't want to leave. stuart: of course. when you're the president, you get an ego and you want to stay. >> do you want to face real impeachment with real evidence of real wrong doing and you want that stain? stuart: think he could get that evidence? >> i think it'll happen -- stuart: they're looking for it and they've made real progress with the impeachment hearings. they're realizing that can get to the truth. >> so, yes, and then you also have the economy. economy is not gonna be booming next year, either. so much for bidenomics. stuart: who is it that goes to the president and says, time's up. best if you step aside. like leading republicans went to richard nixon an watergate. please, sir, tim's up, step aside. which democrats have the clout to do that with president biden? >> that ranges to be determined

and nothing like an election coming up and the problem is with kamala harris getting her out on the senate or supreme court, the problem is her success sos has to be approved by congress, by both houses of congress. that's the 25th amendment. can you imagine any republican voting to confirm gavin newsom as vice president, heart beat away from the presidency to the gems are in a real pickle. stuart: i didn't know that and didn't know that congress had to confirm a new vice. thank you. trump said he'd support a government shut down if conservatives don't get a good deal. roll tape. >> i think if they don't get a fair deal, we have to save our country with $35 trillion in debt, we have to save our country. >> you'd support shutting down the government? >> if they can't get a deal, jessica mitchell yes, i'd shut

down the government. >> working out with appropriation committees and various exit tees passed budgets for each department and sector of the government instead of year end catch alls and getting -- do a temporary. they're not going to change fundamentally the budget and win next year the elections and shutting down the government, when you're trying to get impeachment, credible impeachment inquiry underway, tough to deal with public opinion. stuart: don't do it? continued resolution. >> get a carrytales contribution, go ahead on impeachment inquiry. sneak new poll reveals more than 40% of column cysts -- stuart: this is quoted in financial times expect more interest rate hike from the federal reserve. jason katz is here. jason, if that were to happen, i don't know whether you think it will happen or not. if it did happen, what impact on the stock market?

enjoyed they care more about earnings than rates and go too high and statue too long with a different story and the fed has been banging the same nail with the same hammer just raising rates once they indiscriminately and what they're going to do is use their balance sheet. all these bonds throughout the covid crisis and they'll roll off and won't reinvest the interest. that'll have a natural floor and raise rates a little bit. that'll be the tool that they use. stuart: that's taking money out of the economy? >> precisely. you pointed to a 10 year earlier being the proxy for mortgages and other loans and the 10 year may stay elevated for awhile as a result of that. that'll be the arrow to fight the inflation fight. stuart: inflation is a night obviously but do you see it going up from here? continuing basically?

the fed is in control of the fate of the economy. >> i think the market can deal with 3% inflation. investors can. the dead fed can't. they have so much mud on their face from the transitory nonsense that they're hell bent and not going to move the target to 2%, excuse me, at 3% and they're going to keep at 2% and as a result that's a bit of wet blanket on equ equities and 470n the s&p between now and say a year from now is possible. do the math, that's only 5 more 6%. stuart: sounds like you're forecasting not a dead decade but a dead year where the market really doesn't go anywhere. >> on the index level, yes stuart: financials are lagging.

i don't follow industry groups and they're lagging? >> they have, certainly. they're at a decade-low price to book ratio and the arm ipo of last week was really a shot in the arm. the capital market haves been basically dead for 18 months and not many ipos and not much merger and acquisition activity and you're going to see that really pick up in the weeks and months ahead. stuart: i saw arm at 58 this morning. the momentum is gone. you can't talk about a individual stock -- >> that's okay. regardless of outcome of arm, the fact that it made it to the market with as much enthusiasm means there's many others on deck right now. what the banks and brokers need to see is more deals coming to market and more mna activity and boost to their bottom line.

bank of america thinks fun-flation is here to stay. ashley, you're the man to explain funflation. ashley: okay, it's the large amount of money that people shell out and this summer we've seen blockbuster concert tours from taylor swift and beyonce and fans are paying thousands for a ticket and also been the box office success of barbenheimer and the summer concerts and films expected toed a $8.5 billion to u.s. growth in the current quarter. ticketing giant live nation benefiting from the boom along with music labels like warner music and streaming platforms like spotify are streaming as album sales increase as fan bases and spending grows. funflation paying a lot to go

and get entertained. stu. stuart: did you see oppenheimer the movie? i did and loved it. ashley: i haven't but everyone says i should. stuart: it's fantastic. go do it. entertainment value right there. thanks, ash. see you there. less than two weeks from potential government shut down and house republicans released a short term spending deal. what's the reaction to it? aishah breaks it down. the president of uaw sean feign calls the deal a no go. roll tape. >> 21% is a no go for you? >> that's definitely a no go, we've made that very clear to the companies. stuart: all right, dave green is a regional director for uaw and he'll respond to that right after this. ♪

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stuart: the auto worker strike now entering its fourth day, negotiations set to resume later on today. grady trimble in wayne, michigan. grady, the latest from there, please. reporter: stu, as far as we know by all accounts, progress in the talks has been slow and we're also hearing about the ripple effects of this strike already just four days in. ford says it's laid off 600 workers from this factory who are not yet striking and general motors tells us it might have to idol a plant in kansas as a result of the walkouts. i talked with one of the workers who has not yet on strike at this plant and he tells me that he's not at all concerned about

potentially getting laid off. take a listen. >> i'm not concerned but ready to join any coworkers on the picket line. reporter: why aren't you worried in >> we're fighting for a cause, you know, it's a purpose in this strike here. we gave up all that we did in 2009 during the great recession, and it's time for the companies to start paying back to the workers. reporter: the uaw is welcoming with open arms democratic lawmakers that have come out to stand in solidarity with them and walk on the picket line, but the union doesn't seem too keen to have president biden's help. biden says he's sending two administration officials to detroit to help with the negotiations and the uaw said they don't need them and can do it on our own and meanwhile back here live, you can see something we've seen play out repeatedly

this morning and that is that these semi-trucks are trying to get through the union is the uaw picketers are blocking them from crossing and getting into the factory. we even saw police come out here this morning and tell the picketers they're not allowed to block the truck and the trucks signature here waiting to go ultimately and the picketers will move aside and let them through. that's the dynamic that's playing out here this morning as the talks continue today. stuart: that's what it's like on the picket lines these days. grady, thank you very much indeed. stuart: what uaw president sean payne had to say about the stellantis strikes. >> we've had for 40% increases because in the last four years alone, ceo pay went up 40%. they're already millionaires and one of the leaders of the corporations sitting in his

second home in mexico while bargaining than being at the bargaining table. >> 21% is a no go for you? >> definitely a no go and we've told them that. stuart: dave, you offered 21% and turn it had down. you respect -- turned it down. you wanted 40%. would you settle for somewhere in the middle, 30%? >> yeah, it is bargaining and i anticipate, you know, those offers will go back and forth across the table urn 'til we can reach a fair and equitable deal for the members. stuart: it was in the wall street journaling in the new york time -- wall street journal in the new york times people on strike receive $500 a week strike pay, is that accurate? >> that's correct. we'll be picking up their benefits as well so, you know, the idea here is to make sure that our members can weather the storm as we get through this tough situation. stuart: how long are you prepared to whether this storm

if you amp it up, amp up the strikes and more people go on strike, you're shelling out a lot more money. how long can you go on for? >> i think we're going to go on as long as we need touchdown pass get the justice our members deserve. stuart: is it all about income inequality? is that parking lot of the deal? >> part is -- is that part of the deal? >> income inequality and fighting quarterbacking people across the country and as we look, we're taking concessions in the past and we've seen other organizations, companies require concessions for their employees and we receive gains, people that don't even work for the big three will receive gains and what we're fighting for is our members, absolutely, but also for the entire working class. stuart: white house adviser and labor secretary are planning to be in detroit early this week but i heard that mr. payne doesn't need them or want them there. your comment, please?

>> our president is doing a great job negotiating with the companies right now. we're doing everything we can to protect our members through this process. i'm sure there's resources available and if we need to use those, they'll be there. but at this time, i'm going to follow my president's lead. stuart: dave, we've got reports that your guys, your members have been losing ground for many years because of inflation. but your wages simply have not kept up with rising prices. do you blame biden in any way for the inflation which some people say he caused. >> i don't personally blame president biden for inflation. this came out of covid and we know that that had a huge impact across all sectors in our economy and our country. i know inflation is starting to level off a little bit. but, look, these corporations they've had $66 billion and are

million in buy backs over the last decade and have made over $250 billion, that's a lot of money. workers right now, we want our fair share. stuart: would you be in this situation if it wasn't for the headlong rush towards electric vehicles? >> we knew electric vehicles were coming and coming for awhile and we have this transition between internal combustion or ice into the ev market and part of this struggle is making sure if there's a fair transition here and members aren't left behind as we move to evs. stuart: dave green, you, sir, are a diplomat and know how to handle a tricky interview. thank you for being with us, dave. have a great day. >> thank you, sir. have a great day. stuart: ford, facing a strike in canada. i didn't know about that. ashley, tell me more. ashley: yep. indeed. the union that represents auto workers in canada preparing to go on strike against ford tonight.

union reps say the two sides are far apart, especially on financial issues. the canadian union reportedly rejected the first two offers from ford neither uniford or ford are talking about the wage incretions and looking for wage hikes, pension improvements and job security guarantees as auto industry invests billions in electric cars much like their southern brethren. ford has one assembly plant in canada with 134 union members and two engine plant withs 1700 workers and last time ford workers went on strike in canada was 33 years ago. the current contract runs out at 11:59 p.m. tonight, stu. stuart: ashley, got it, thanks very much. now this. five americans who were jailed in iran just arrived in qatar. they were freed as part of a prisoner swap. a $6 or $7 billion prisoner

swap. more on that . hakeem jeffries claim republicans are on a civil war over a government shut down. watch this. >> house republicans are in the middle of a civil war. the house republican civil war is hurting hard working american taxpayers and limiting our ability to be able to solve problems on their behalf. stuart: okay. a civil war, strong stuff. republican congressman brian stiles takes it on next. ♪

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stuart: an the markets this morning, still the same situation. green but not much. the dow is up 30, nasdaq up 15 and s&p up 6, got it. back to washington now. looks like house republicans have struck a spending deal to avoid a government shut down, but not all republicans are behind it. aishah hosney is with me. what's in the deal and who doesn't like it?

>> hey, good morning, stuart. there's a lot in the deal you'd think would be very pleasing to conservatives out there and there's spending cuts and practically the entire gop house border bill is in this deal, which is now being called a frame work as the number of noes continues to grow this morning, but some folks say the spending cuts don't go far enough. i just caught up with, stuart, one of the chief negotiators of the deal, mainstream caucus chair dusty johnson, so touchdown catch ask him what -- to ask him what he thinks about hours after this deal was revealed, a number of house republicans came out and said they were against it. watch this. >> the reality is that we can't shut down government and we must secure the border. our frame work, our deal does that, but if there's another way to do it. let's do that. >> should members forfeit their pay if the government shutting down? >> i think shutdowns are stupid and be big boys and girls that get our work done. shame on us if we don't.

i won't be taking a paycheck. reporter: stuart a closer look at what's in that bill. they'll fund the government for a month and proposing to cut fiscal year '23 discretionary spending by 1% and doesn't go far enough and include that gob border bill and take it up with the dod pentagon defense bill as well and what's out here is that it does not inclues disaster relief or ukraine funding. now, johnson tells me he's been talking to all not votes all morning but more and more republicans admitting they expect the government to shut down by next week and growing frustration with the speaker as well. we of course have heard matt gates threaten to file a motion to vacate the speaker and also heard nancy mace over the weekend saying all options are on the table and in the last couple of hours and the

representative from indiana basically calling the speaker weak. stuart. stuart: okay, let's move on from this. aishah, thanks very much indeed. house majority leader said they're in a looming civil war over the shut down. >> house republicans are in the middle of a civil war. civil war has follows attributes, chaos, dills function and extremism and the house republican civil war is hurting hard-working american taxpayers and limiting our ability to solve problems on their behalf. it's unfortunate, but as house democrats, we're going to continue to try and find common ground with the other side of the aisle to work with senate democrats and senate republicans and president biden. stuart: wisconsin congressman brian style joining me now. looks like a serious dispute here. my understanding is that 12

republicans will vote no on this bill. that's almost a civil war, isn't it? certainly a dispute. >> well, this is a good bill. everybody wants a perfect bill but this is our best opportunity to secure the u.s. mexico border and begin to address this spending that president biden has driven forward. sure, there's a few people that have yet got ton yes, but failure to do this is a much worse situation and fail to secure the boarder and we would continue to see the democratic levels of spending. this is a good bill, and i think by it end of the week we'll see republicans get there. stuart: yes, but there is a group in congress amongst the te republicans in the house out to get the speaker so it seems and public relations aspect is a disaster for republicans, isn't it? >> we are stronger when we're unified. we're only one-half of one-third of all the federal government being republicans in the house of representatives. we're stronger when we're unified and a handful of people that want to be critiquing from their particular angle. but hopefully people look at

this bill and recognize it for what it is. it's a significant step forward, it's a good bill, it allows us to secure the u.s. mexico boarder and begins to address the spending and at the end of the day, it's the large aprop rations bills that have -- appropriations bills that are yet to get done and really the proof is in the pudding. get the time to get it done and this bill does that. stuart: would you agree with me that at this point, the odds are very strongly in favor of a government shut down? >> i don't know if it's in favorite duh a significant risk. nothing more would please president biden than having republicans in the house pass this bill and allowing him to blame republicans for a government shutdown and we can't allow that to happen. stuart: congressman, you're very concerned about the safety of your staff getting to work on capitol hill. how bad is it and what are you going to do about it? >> i serve as chairman in the committee on house administration and we're front and senter and crime is spiking in washington dc. i just came from a briefing

where we briefed members who work on capitol hill, staff members who don't feel safe. we're seeing carjackings increasing two to three a day. over 5,000 cars have been stolen in washington dc so far this year. that's 20-25 a day. people don't feel safe. we need to make sure that we're standing with the men and women of law enforcement, but it's the liberal democratic policies from the dc city council and the mayor that have allowed crime to spike in the nation's capitol and we need to change the policies and in the meantime, provide resources so visitors from my home state and the nation's capitol to staff members and members that make sure everyone is safe in the nation's capitol. stuart: congressman, the same in new york, good luck to you. see you again soon. congressman steil. five americans jailed in iran just arrived in qatar and freed as a prisoner swap. ashley, give me some details of what's going on here. ashley: yes, iran and united

states exchanging those prisoners after 5, $6 billion froze anne donovan south korea was transfer qatar. five prisoners were released from prisons in the u.s. and five imprisoned citizens in iran given to the u.s. side. they're now in qatar and it's been report that had two f oturu arraignen prisoners will stay in the -- two of the iranen prisoner wills stay in the united states. the deal opened up for criticism from president biden is repubrepublicans and others sayg the administration is helping boost the iranen company at a time when iran poses a growing threat to u.s. troops in middle east allies and a buildup in the persian gulf with the possibility of u.s. troops boarding and guarding commercial ships in the straight through which as we know 20% of all oil shipments pass but the iranens get their $6 billions+ in the bank account. stu. stuart: that's a lot of money.

thanks, ash. a headline for you, i'm quoting, colleges are making gen z mental health crisis worse with trigger warnings. rikki schlott wrote it and she'll break it down. the white house sending in its own team to detroit to resolve the auto strike and biden claims to be the union president but what about small business owners getting hurt from the strike. small business administrator joining me after this. ♪

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don't wait. get started today. take charge of your health care. call unitedhealthcare for your free decision guide and learn more about lowering your out-of-pocket medicare costs and seeing any doctor who accepts medicare patients. oh, and happy birthday... or retirement... in advance. stuart: back to the strike. it's entering its fourth day now. former administrator linda mcman joining me now. ma'am, do the worker haves a point here? i ask because their pay really

has not kept up with inflation. >> we, good morning, stuart. thanks for having me and always a pleasure to be on your show and with your viewers. you know, i was the administrator for sba but now i'm the chair for the center of american worker at the america first policy institute, which i also chair. i'm on the side of these workers. i don't think their pay has kept up with inflation. i think they do have a lot of legitimate concerns, but i really believe the fault here is with policy and president biden's policies of pushing auto manufacturers towards electric vehicles is really a good part of what's going to hurt our workers in the long term. i think this push, i mean, our research has shown that with this push towards electric vehicles, we're going to lose about 117,000 auto workers at a minimum. then what does that do to all of the other ancillary businesses that are involved when these workers lose their jobs in

they're going to go seas and electric vehicles require fewer assembly people and driving them overseas. stuart: the introduction of electric cars will push business overseas? do you agree with that? the union is demanding money that would make the cost of producing electric tars much, much -- cars much, much higher and open the doors for cheaper electric vehicles from china. that's the way a lot of people see it. you too? >> clearly there would be cheaper vehicles from china. the chinese now are trying to put more plants in this country for batteries and et cetera. that might be a good thing. however, i don't think that's going to happen in the very short run. we're going to put more and more parts in china and elon musk benefits from tesla and this and not a knock on elon.

he's already put his manufacturing plants outside of the united states and now maybe he's even looking at turkey. let's look here in the united states and they're asemi-plants they've tried to put in are in right to work states so that doesn't help the union members very much and i'm on the side of the union members and i'm not on the side of union management because i don't think they are putting the deal forward in the best interest of workers if they're not challenging the pollty of electric vehicles. stuart: the president is sending his own team to detroit to help with the negotiations, labor secretary and adviser. they're there to support the unions, they've taken a side on this. what say you? >> we heard a little earlier in the program that the unions aren't necessarily welcoming them with open arms they think they can handle this negotiation

themselves. i don't think sending the biden administration officials when the policy is out of wack with what's really going to benefit the workers in the long run is the right thing to do. i think union workers really do want, and they should have good benefits and increase in their wages. we've seen inflation take a bigger bite out of their paychecks, and this inflation is as a result of biden -- bidenomics, which is clearly not working in our country. stuart: i'll leave it right there. linda, thank you for being on the so she felt always appreciate it, ma'am. thank you very much. >> thank you, stuart. stuart: back to the markets briefly. look at this, a sense of the market. i sense that the market is split evenly. winners and losers, but the dow is up a quarter of 1%. 34,700. billionaire democrat donor george soros donated millions to fund an army of gen z tiktok influencers. he wants them to use the platform to push left wing causes and bash conservatives.

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stuart: well, this is new, amazon and wal-mart this holiday spending season, tiktok is going to take on amazon and wal-mart. i didn't know that. ashley, what are they doing? ashley: yeah, according to bloomburg, tiktok making a strong effort so boost the tiktok shop online marketplace through heavy discounting during the holiday shopping season and the discounting could begin october 27, which would give the company a head start on the black friday/cyber monday and extended holiday period. so what does counts are we talking about? well, maybe as high as 50% to try and gain traction with u.s. holiday shoppers. the tiktok shop by the way just rolled out in the u.s. and the company launched an affiliate program for cry yay torrs that sell product -- creators that sell through their videos and push as part of the company target to move $20 billion worth of products this year word wide.

watch out, tiktok is coming. stuart: thanks, ash. there's an army of gen z tiktokers getting ready to push extreme left wing causes and bash conservatives. new york post columnist rikki schlott is with us. who's providing the money for this tiktok army? i'll bet it's the soros foundation? >> seems like the open society foundation gave a $5.5 million donation to middleman which is accelerate action incorporation and $300,000 of that ended up with organization called gen z for change, which is essentially an army of tiktokers who aren't just doing the tiktok dances but pushing cash bail, defund the police, green new deal and medicare for all. all the very prod cal positions and biden administration has been cozy with them as well. stuart: soros society foundation used a middleman to disguise the origins of the money? >> i don't know if that was the intention, but certainly they donated to somebody who did then

disburse the money to this organization. my coworker at the new york post john levine did a lot of investigation into the tax records and clear $300,000 that started with the open society foundation and ended up moten moting these ideas on tiktok. stuart: while we have you with us, i have a question about colleges. >> yes. stuart: do they still issue these trigger warnings? >> yes. most certainly i was on a college campus at nyu and syllabus in the beginning of the semester, the content in this court will include all these ideas. just this year actually, we forget this stuff is still happening but cornell university, their student organization june anne donovan chicago voted in favor of -- june non-mousily voted in favor of -- unanimously voted

these kids are graduating and demand it shows up in the real world which is a sad predi predicament. stuart: we will let it go at that. i want you to stick around for the trivia question, will you do that. a quick market check, the dow was up 90 points, not bad at all, the s&p up 12, nasdaq up 31, green on the left-hand side of the screen, watch out for

oil, hit $91 a barrel, $92 a barrel now. i forecast our rising gas prices very soon. do you know what time it is almost 11:55 a.m. it is time for monday trivia question, this is for you ricky the answer may coe back.

stuart: we have three people playing this particular trivia question, ashley, ricky and myself, here is the question when did the american revolutionary war and, ashley should be you when i first, we were born elsewhere and we could be forgiven for not getting the right answer. what do you got? >> we lost this particular war, 1776, that is obvious one, i will go number three, 1783. >> that is a bit late in the year, i would go with 1776 and

now the youngster who studied history, ricky, what do you have? >> i'm cringing at the fact that i'm going to say three but i'm not 100% sure. stuart: you are right. it shows up in yellow. is your mom watching? >> my mom is watching i would've never heard the end of that. hi mom, your daughter did not look it up, she got the right answer, ashley and i got it wrong. stuart: i got it right. stuart: i'm sorry, you did get it right. thank you for being on the show. thank you for your wonderful input now is the time i count on to the start of the next show, "coast to coast" starts now. neil: what you did for yourself, do for us, there is a whole strike of shooting words