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there you go. values new york city, the empire state building. it is 10:00 eastern. let's get to the money, not much price movement. the dow off 91, the nasdaq down 91 points. where's the 10 year treasury yield, up, down, sideways? it is up a little, 434, the two year is 507. way up. the price of oil $93 earlier, 9279, that price going up. supply shortage. bitcoin $27,000 and change, 26-9, almost 27. that is the markets. now this. last night, broadway stars turned out to donate money to president biden's reelection campaign. 1500 trump haters back to the

new york theater to hear the president say trump is determined to destroy the country. that's why he's running for a second term. just 1/2 a block away the president could have seen for himself how his open border policy is destroying the city and if he ever went to the board he would have seen 7500 illegals arriving in one day, changing our country forever and not in the best way. when his limo drive through manhattan, you see boarded-up stores and locked merchandise, crime destroying quality of life for the poorest citizens, supposed to be democrat voters. i wonder if alvin bragg is there, the radical da prosecuting trump and twisting and bending the law, helping destroy our belief in a fair legal system. don't go to a city public school, biden's powell, randy weingarten, ruined them, a kids camp. perhaps the president heard

last night latebreaking news, they are considering removing george washington and christopher columbus statues of the city's a mess. that their priority. jeffrey seller, well-known theater group, introduced the president at this broadway for biden event. he said, quote, we in this theater, 1500 strong, are your warriors. do they really care about the city, this country, do they just hate trump? tomorrow, lawyers for biden, know where they are coming from. second hour of varney just getting started. this just coming at us, drug cartels sending thousands of migrant to the border to overwhelm the system and that is what we are seeing.

7500 stop on sunday alone. 2200 people rushed the border in eagle pass, texas. we showed it to you yesterday. a train full of migrants smiling as they head towards the united states. sean duffy is here with us. this is going to change america forever? >> it is going to. when you bring in millions upon millions of people in the country you are not going to get them out there. people who aren't vetted. we don't know what skill sets they have. it may change the world forever but what is troubling here, cartels laughing at president biden surged the board with a bunch of migrants by telling them they will get amnesty when they come across and when border patrol is consumed with migrants, they have access to send drugs and human trafficking across the border. they play the system to their benefit and president biden has

the audacity to tell the american people the border is secure. the problem with this all, the american people don't see it unless they are watching fox news because the other media outlets don't cover it. this is a big news story, they only cover it when you have a city overrun with migrants, new york, chicago, or boston which is why in chicago they should ten fold the buses and send more migrants to sanctuary cities, sanctuary states and let them deal with their policies. would be better off with change of course in the white house. stuart: i don't know if you are watching but a few moments ago, florida governor desantis on the show says he will get us back to $2 gas. watch this. >> want to give people relief at the pump, gas is almost $4 a gallon in 2,025, we are shooting for $2 a gallon and that means got to let people do their jobs, embrace their

resources, biden's energy policy benefits china, iran, russia, venezuela, restore energy dominance. stuart: $2 a gallon gas, half the price of what it is now. is that an achievable goal do you think? >> don't know, we saw that during the pandemic but you fit 250, 280. donald trump, vivek ramaswamy, tim scott, they will open up american drilling, the ripple effect oil and gas prices have is massive because oil and gas touches every part of our economy, you drop the price of that all of a sudden makes manufacturing a lot cheaper even with higher wages. this is a really important part of our economy and if we get it right the future is bright, this policy of president biden what they are trying to do a string of oil and gas, and once you lose the infrastructure, that's what they are trying to

do in the next two years. he gets four more years, if you can strangle oil and gas, gas pumps, pipelines and drillers you don't snap your fingers and bring it back, you're stuck with electric which is devastating for the american economy as well as our reliance on china. stuart: i am sure you saw bitcoin is back at $27,000. we have 30 seconds left for you to tell me how long -- how wrong i have been for so long. >> every time we talk about this you are wrong. you have a lot of crypto investors waiting for clarity from the sec, get a tight trading range, etf, that's what people are waiting for rent until that time i don't think we will see a rate cut but, look at the dollar, $33 trillion on 50. and in crypto or gold, people

want to head to the dollar, we see a lot more. spend big cash. stuart: we will be watching you tonight. we enjoy these conversations, the biden administration announced more money. a new green energy push. what more do we know about this. >> $400 million to states for adopting and incrementing building energy codes that reduce utility bills, increase efficiency, reduce greenhouse gas emissions and make things more resilient to put climate disaster, residential and commercial. the funding comes from president biden's inflation reduction act.

the administration says states updated to the codes over 30 years. it powers all household in the united states over four years. the energy department built into today's energy code, 40% now more efficient than homes built just 15 years ago dramatically cutting energy costs for consumers. let's consider this. the extra money will come in handy to pay for higher gas prices. why rely on foreign oil, i digress. stuart: $93 a barrel. we will get back to you shortly. let's bring in scott shellady. wise president binding spending more money on what i think are failed green energy fridays. >> that is who he listens to and his party and use that it came from the inflation reduction act which is the green new deal, that is what this is coming from.

get ready for those buildings and houses that cost a lot more, and breakeven on the trade, 40 or 50 years when you don't have it anymore. whatever they tell you is going to happen, the opposite happens. costanza administration. just last week, you saw this, you side your cell, usda is going to spend $1 billion, across the country, to help reduce some -- reduce the temperature which is otherwise known as shade and folks to more nature and green space so you can go out and have your lunch on the lawn underneath a tree. it is absolutely ridiculous but this is what we are dealing with and if at some time hopefully in the next 18 months we get some sort of policy change, we are wasting money on a folly. this is a graft. it is not true. but we are going to continue to go down that route spend your

dollars in my dollars for something that isn't happening. stuart: $33 trillion worth of debt we have, $700 billion with interest. more this year. how do we get out of this mess. where does the growth come from in bidenomics? >> it doesn't. need to have something with artificial intelligence, not quite there yet. artificial intelligence is here but having that growth is not here yet. number 2, we've got to stop spending money. announcing $400 million here, a billion for trees there. every week we have to stop spending money. that's the problem. it is unelectable for a lot of folks but one or 2 things, we need to turn the corner with ai and stop spending money. stuart: easier said than done on stop spending money. good stuff, thanks for being with us. this coming in to us. elon musk has announced a major

update for x formerly known as twitter. are we going to have to start paying to use the apps? ashley: maybe. musk says the social network is moving to have a small monthly payment for use of the x system to combat what he calls vast armies of bots. he did not say how much the new plan would cost users or what other features would or would not be included with payment at the lowest tier. during a conversation with benjamin that yahoo yesterday musk also divulged new metrics from x saying it now has 550 million monthly users, generating 200 million per day. after buying twitter for $44 billion in late oxbows or, massive staff cuts and sweeping changes to the platform. we know that. he continues to run the company

as its largest shareholder, chief technical officer, executive chairman, window washer and also ceo of tesla and aerospace company space x. stuart: he has a lot on his plate. dressing well is a form of good manners. role it. >> you are wearing sweatpants. it is monday. >> that against the rules and you can't sit with us. >> whatever. those rules aren't real. stuart: now senators can wear whatever they want including sweatpants on capitol hill, on the senate floor. but they are expected to look the part. jimmy phelan has a lot to say about the dress change on the senate floor. the summer of strikes, the right to strike in hollywood, the auto strike in detroit and an airline could be joining the

picket lines. details on that. speaker mccarthy, spending thursday, where is the win for republicans if the government does shutdown? tom tiffany on that next. ♪ ♪ ♪ teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve. i recommend sensodyne. sensodyne toothpaste goes inside the tooth and calms the nerve down. and my patents say: “you know doc, it really works." your record label is taking off. but so is your sound engineer. you need to hire.

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that's 1-800-217-3217. stuart: the first biden impeachment hearing will be held next thursday. is impeachment going to take a backseat to the looming government shutdown? >> government funding is consuming most of the auction

on capitol hill. we have two new news nuggets this morning. we just learned this morning that the house oversight committee is expected to issue subpoenas this week for the bank records for james biden and also for hunter biden. listen. >> i just had an oversight committee meeting today. we were talking about the upcoming subpoenas. they are finishing with the house counsel, finishing the legal paperwork, ways and means, judiciary and oversight committees together, so we can send out our subpoenas. >> reporter: kevin mccarthy officially announced impeachment a week ago but potential for government shutdown friends progress on the impeachment fund. it was thought that impeachment, conservatives were upset about government funding. it failed to do that. mccarthy is worried the fight over funding could interfere with impeachment.

>> the government shutdown -- doesn't interfere with this? >> if government shutdown it would slow down. >> it was an attempt to distract from the fighter government funding, they never have the votes to impeach the president, that's why there's a risk the process could inflame the right if there is no end result. the attorney for the irs whistleblower says there's an effort to quash questions. >> the biden family attorneys have given up on arguing the facts and now have decided their best defense is to muzzle us and intimidate us and it is not going to work. we won't be muzzled. we are not going to distract from the mountains of evidence coming forward. >> the first hearing is going to be next thursday. that's the first impeachment hearings kevin mccarthy announced the inquiry a week

ago today. they expect to review the evidence they have so far but not tread any new ground. stuart: looking at the markets, i had to the south. maybe that is what turned the markets sour. speaker mccarthy is going to put the gop funding proposal to a vote on thursday. congress and tom tiffany from wisconsin and a member of the freedom caucus joins us now. great to have you on the show. the spending plan has significant opposition, looks like we are heading towards a shutdown. where's the win for you are anyone in the government shutdown. >> we will see if the shutdown happens or not. oftentimes things happen at the very end. a status quo is not acceptable which we can't spend the way we have. look at the american people,

record credit card debt, we have this record debt they have to shoulder in washington dc. something has to be done, hr 2, the secure the border bill that i believe should be added to any continuing resolution because i don't believe in a clean continuing resolution. stuart: speaker mccarthy's plan, sorry to interrupt, hate to do that to you, on thursday, the speaker is going to submit the plan for a vote. it continues some spending cuts, promises action on the border and gives you a month to craft a better plan. why not take what you can get? >> if that's the plan that is before us i'm going to vote for it. i think the question, what are democrats going to do? are they going to shut down the border or are they going to shut down government? that's going to be their choice.

i agree with what is coming before us if we put in the secure the border bill and the 8% reduction in on defense spending, i can support that. stuart: is that, you're going to say yes on thursday? >> if that comes before us, and >> we are not going to have that? >> some members work their way through the process, maybe they want something else and there. getting rid of 87,000 irs agents. they want more. stuart: it will fail. 5 or 6 members of the freedom caucus vote against it and it fails? >> got the calculus right there. are some democrats going to vote for it, some democrats want to secure the border? i hope so. stuart: you are not supposed to say it in journalism but only

time will tell. we are going to get a couple days to go. thanks very much for being on the show. hope you can come back soon. it's very pressing issue. thanks for being here. now this. congress is having trouble cutting spending, the average person is not. ashley, come on in. we are not reducing spending? tell me more. ashley: only time will tell. the new survey shows the vast majority of adults, 92%, have reduced their spending over the past 6 months, not good news for the consumer driven economy. those cutbacks include clothing and apparel by 63% of those polled, 62% reduced spending, restaurants in bars, 56% say entertainment outside the house, that's taking a backseat. looking ahead to the holiday

shopping season, retailers are being put on notice. 3 quarters of all us adults surveyed, 76% plan to cut back on spending nonessential items. 62% expect to cut back on essential items, or more often over the next six months. a new poll shows americans spending a lot of money on social media. 48% made impulse purchase, $71 billion on social media impulse buys in the past 12 months. a lot of money. 57% of buyers were granted at least one of those purchases, too late. stuart: watch out. see you soon. california governor newsom brushes off concerns about keeping kamala harris on biden's to, he claims the

administration has been a master class in producing real results. we have to hear this and we will play it for you. resident biden addressing the un assembly in new york. madison alworth is there with headlines from the president's remarks. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪

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stuart: on the market this morning on the southside 177 points down on the dow, 93 down on the nasdaq. and stockard set to ipo today. indications the first trade will be around $39 a share. the first trade could be at 39. ashley, you are looking at some of the movers. ashley: a huge drop down 6.5%. the company had its first launch failure in two years. the rocket launch approved this morning, because been disclosed issue.

they expect to revise guidance lower and postpone their next mission, down 7%. on to microsoft, the uk minister, activision standing firm apparently, the decision to block the deal, and when approval, the stock is down. look at starbucks, what they call worrisome backdrop in china. it is down 2.4%. stuart: president biden is not speaking to the un general assembly in new york. first, madison, tell us what to say so far if the president saw anything of the migrant crisis as he drove to the un?

>> reporter: he is speaking behind me. we heard from him that has been notable, talking about strengthening the un security council. that's an important point because four of the nations that are part of the council with veto power are not here today, britain, france, china and russia. with those four leaders missing you wonder, that something he addressed. i want to note he didn't touch on the migrant crisis. in summary, he spoke about protecting the rights of migrants in the western hemisphere. he still talking, we will get more as he wraps up but the migrant crisis was something we didn't expect him to touch on it also it is good news he spoke somewhat on that. the realities four avenues away, the epicenter of the migrant crisis in new york city, the roosevelt hotel, the migrant intake center, 10,000 migrants passing through every single month. we sent a crew to get a look on the ground and the same thing

we see nearly every day when we are there, migrants millie about and waiting in new york city funded shelters, since the summer we have really seen an escalation in calls from city and state leadership begging the federal government to do more. president biden has not stopped by roosevelt hell tell, and focusing on fundraising and the un general assembly. and on the general assembly, the commissioner for refugees refugees, there's a new record high, son hundred thousand of them, why are they focusing on that.

>> minority leader joe borelli joined me now. what happened in the new york city council last night, recommended removing statues of christopher columbus and george washington. that's the priority of the new york city council. >> city council, it's only second to our -- it's always a fan favorite. stuart: what are we going to do about this migrant crisis? new york is exploding. >> it was troubling to hear that president biden said his priority is protecting the rights of migrants, that's a strong departure from the administration's position in 2021 and say kamala harris was going to go in and the head

diplomat, chief negotiator with central american countries to lessen the migrant impact on the us, now you have the president in new york at the epicenter of the disastrous changes that he made over the past two years and he doesn't have the time to come see the problem that he caused himself, doesn't have time to see the tent cities we are acting, and they resulted in new york city -- >> we hear the president, what say you to that. >> i would love them to work. so many populate new york city,

and worked legally contribute to our society, they shouldn't cut the line simply because president biden changed policy. stuart: sorry but the new york post reported only 2% of migrants in new york filed for a work permit, work application permit. >> similar numbers applied for asylum, people not going through the legal process and why wouldn't it be when they are giving every creature comfort known to man, in the port authority bus terminal. it is low on their priority list to do any legal filing or legal adjudication. even if they do, given court dates 10 years from now which is a laughable solution and impossible scenario to consider. stuart: thanks for being on the

show. joe borelli, everyone. there's been a lot of speculation of a potential presidential run by california governor newsom. is the governor throwing, responding, is he responding to those rumors? ashley: he is she is rushing them off. the california governor is suspected of harboring white house aspirations but in an interview with cnn, newsom was adamant president biden was best for the job and kamala harris should be on the ticket. listen to this. >> i'm a little old-fashioned. the results are in. it has been a master class, no administration in my lifetime has been more effective at producing substantive results. >> you the best. >> i think this administration, one of the most outstanding administrations, she's a member of that administration. claim credit to a lot of

success. the answer is absolutely. stuart: administration with outstanding success, a potential newsom 24 candidacy has become a focus for democrats worried about biden's age and anemic poll numbers. the california governor raised his profile recently making appearances and other states but he maintains there's no ambitions to run. only time will tell. stuart: you are not the first to say that. got one more for you. the writers strike, the auto strike, could we be seeing airline strike as well? ashley: we could. the southwest airlines voted overwhelmingly to authorize a strike. in a statement of the union says, quote, while swapper, the southwest airlines pilots association hopes southwest

airlines leadership are overwhelming action, hope isn't a strategy. we are prepared to act says the union. that union pointing to technological and operational manuscript failures. and the digital organization creating absolute chaos as they are loaded suffering but caused major delays and cancellations to the holiday season. it's unclear when the strike might stop, the union said it could be late summer or early fall depending on how negotiations -- stuart: that was sarcasm. carjackers from the homeowners garage. the homeowner was in the car. mgm results, after a cyber

attack, it is still unavailable. lauren has a report from the mgm owned in atlantic city. lauren's next next. ♪ ♪ this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done.

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stuart: this is america in 2,023. a pair of thieves walk into a man's garage dragging him out of his car and drive away with his aston martin. what else do we know about this? ashley: let me take you back to the beginning of this, 4:00, this man pulled the vehicle in his garage, an affluent

connecticut neighborhood in that area. a pair of thieves running up from behind, demanding he get out of the blue convertible. when he refused the robbers threw him down onto the floor of his own garage. as homeowners struggled with the suspect he yelled for someone inside the house to call the police but the thieves got away with the vehicle. carjackers follow the victim home in a stolen bmw, urging residents to be extra aware of this for suspicious behavior but that's the definition of brazen. convertible aston martin james bond. stuart: mgm resorts losing millions in revenue per day. some of their computer systems remain down after a cyber attack. lauren is at one of mgm's properties. when will things be fully up and running again?

lauren: it's getting better each day but things are still down. by the way, the only person who can spend two hours walking the floor of a casino and not gamble, didn't spend a single dime and the only drink i bought was starbucks. you have it. the people i spoke to said the reason they come here is things are done for them. those comp cards, that system is down because of the hack attack nine days ago. >> they didn't split our bill last night. i was surprised about that. we were drinking and there was confusion. >> you can split a bill, charge anything to your room, can't make any online reservations for any service ahead of time and monday night football, last night was annoying because the system went down for five minute. in the end this is annoying, frustrating and costly.

every estimated mgm could be losing 8. $4 million each day they don't pay their ransom. caesars paid $50 million and here on the boardwalk according to workers i spoke to it is really busy. back to you. neil: what a mess. we talked you again soon. the uaw chief threatens to expand the auto strike. no serious problems by friday at noon. more factories will be hit. i think this is about ev mandates. brian kilmeade on that next. 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 investments. (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 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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and china will. where do i go wrong? brian: don't think you go wrong. i hit with jim farley, the ceo of ford, talking about a new electric car plant. we have 40% of the workforce, 40%, the average combustion engine workforce is needed for an electric car. in many cases they are opening up in nonunionized areas in the better part that gets under the skin of the workers, the electric cars are subsidized by the federal government so you buy them and they are somewhat affordable. especially if you're getting additional money to get the price down. $11 billion in grants and other people get money back if they purchase electric and the combustion engine, excuse me, sending you my ratchet, my

wrench, wondering why i'm losing when the american public appetite is still with the traditional combustion engine which is driving cleaner than ever before. stuart: it is crazy. destroying the established auto industry in the united states which has been a mainstay of manufacturing for decades, doing it in the name of going to electric vehicles, at what point can we reverse course? don't think we can. brian: i think you can when you have an administration that says no more subsidies for electric vehicles. these guys don't want to do it. they are being pushed to do it by the government and incentivized it to do it, losing money. i was in the f 150 lightning, donna special on it, and drives itself and people want to purchase but not more than the f 150. let's see how to do that and build everything here.

one of the geniuses of tesla, they do everything in one plate, not getting something from japan, something from vietnam or china but do it all there, i wonder ford will do that too. they know the knee-jerk reaction is antiunion but they are not anti-work. a lot of these men and women, wondering where their benefits run and the their salaries are not commensurate with the cost of living. stuart: donald trump is going to skip the second debate. he is going to give a speech to workers in detroit. i think he does not have the support of union leaders but a lot of support among the rank and file. brian: i watch the interview a couple weeks ago with the union head saying i don't like trump, he's worse, how's he worth? went out of his way to bring manufacturing back, portion of

a trade deal done, wasn't perfect, redid nafta to stop the exit of most of our manufacturing, it was not perfect but it was a lot better and when he talks to workers coming in 2016, zero. 2%, he lost it by 1.2% and in michigan, how do you feel about the economy, inflation, interest rates, this guy produced this, who is doing better work for you. mike rogers running for the open senate seat, very popular, not really duggan right or left, the intelligence committee, the military and fbi background, to see if it is vulnerable for democrats too and trump has great instincts on this. stuart: strong political instincts. back to the grindstone and continue with this which what

do we have in front of us. here's the tease, texas congressman lance goodman on the wave of migrants. kennedy on parents pushing to have a say in which books go to school libraries. david webb, democrat strategist, said voters don't want another four years of biden. the 11:00 hour is next. ♪

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>> this excessive debt and spending shut down the american dream for so many americans. homes are unaffordable, cars are unaffordable, even groceries now, that is a direct result of the behavior of washington dc. >> his campaign is in trouble. you have democrats openly talking about how they don't want him to run. the economy is not good. foreign policy is not good. border policy is not good. crime is rampant and this is something that people associate with president biden. >> the cartels are l