stuart: gimme gimme gimme,

okay, the union strike or the shutdown of the government? good morning, 10:00 eastern. we will hear from uaw president sean fain who will same whether the strikes will be extended to other factories. when we get the news you will get it too. let's get to the money this morning, we have the market, not going anywhere, dead flat down, dead flat s&p and nasdaq up 60 points, where's the treasury yield, the 10 year treasury. it is shy of 4.5%, down to 445, still elevated. the price of oil $90 a barrel earlier this morning, 9117 right now. bitcoin still hanging around 27,000, 26595. that's the markets and now this. nobody wants to talk about it but everyone is talking about it.

the president's age and infirmity. i believe we have a duty to report on this. if the national security issue. the president's condition is getting worse, his handlers cannot hide it. thursday in a speech to the congressional hispanic caucus he praised the congressional black caucus, didn't pause to correct himself. the united nations he walked off the stage without shaking the hand of brazil's president. was a snob or did he just wander off? at a fundraiser he told a story about the events in charlottesville. a few minutes later he told the same story almost word for word. that's a memory loop, happens when you lose your train of thought and it happens a lot when you get old. you can dismiss all of this, you can say we are just nitpicking, just piling on, but this is the president of the united states, and his condition is getting worse. there's a gaffe almost every day. at the heart of our concern is vice president kamala harris, she is as they used to say, a

heartbeat away from the presidency, the it ministration it's doing but it's best to bring some could ability to her, she's on a college tour, talked about climate anxiety the keeping people from having children, and she's been appointed to lead the federal office on gun violence and prevention. this is not working, herod has no credibly as a president. i repeat for the umpteenth time, nobody believes president biden can do the job for another 5.5 years and very few believe kamala harris is ready for the oval office. the president's deteriorating condition is a national security issue. the second hour of varney just getting started. tammy bruce with me. i don't like harping on the president's agent infirmity but this is all about president harris, isn't it? >> that's right.

he has been a frontispiece for the system, for group of people to running the country, the bureaucracy always feels it's always running the country anyway and the president doesn't mean anything, you saw that with the resistance to trump, what they decide they will decide. with kamala harris they remain in place. with anyone else who feels they can actually be the president, suddenly that establishment comfort zone ends especially with people in the white house, whether people talk about barack obama's old or the democrat leadership in general, that's the concern, who really is running the country, the fact that kamala harris is their talent tells you the problem with the bench of the democratic party, tells you they want to continue running things as they are and that is a mistake. he mentioned this is a national security should, the world leaders who did not go to the un include xi xinping, couldn't, but also macro of

france, british prime minister rishi sunak, the primacy of india, the president of the uae. people who are involved in war and impending wars and building up of farms and immigration did not come to this un because biden is irrelevant. there is no american president, the united states doesn't matter, so these major leaders who passed, that tells you everything. stuart: that is -- >> and today's world. stuart: different story. parcel sports calendar dave portnoy disbanded -- school pizza after washington post reporter walked they keep peace against him, even reached out his advertisers. a lengthy soundbite coming up for you, here is. >> it is a reporting tactic when you want someone to respond, you have to indicate there might be something negative and you get them to engage, that's all i was trying to do. i wanted them to engage with me.

>> that's a sad state of journalism if that's the tactic. what i would say is make up something about somebody. >> the very people trying to threaten these pizzerias, you're going to write a hit piece, they are fighting to shut these people down. i'm the one fighting to keep them open, raise money, keep a small business and they turnaround to the people to help save and say you should do business with them. it really, activist. stuart: the outraged portnoy. are i jealously coming activist? >> remember the scandal from over a decade ago, many people may not, journalists getting together on an online forum talking about the leftist narrative. it was exposed, got shut down but it operates in different ways and love what portnoy did, was shocked that he called her because they didn't reach out to him and what he said to her, what they do is known as push pool, you get a phone call and

something is suggested to you. candidates do this. do you think president biden's agent is hindering his cognitive issues, hindering america's national security, call regular people up and that inserts an idea they should be thinking about, whether reasonable or not. in this case she suggests she has to bring up something negative to get a small business to call back the washington post? now but he has to be tricked into calling the washington post or even the new york times. it is meant, many reporters do this. the suggestion is why are you engaging with dave portnoy, racist, sexist, misogynist, if that is the threat to advertisers, the threat to people to not associate with you, that was the point and her excuse is pathetic and i love

he did that, we need to do more of that and more of calling it out because that's the activism, to scare people. stuart: another message, thanks. got to get back to the markets on friday morning. mark, are you looking for a santa claus rally. i believe you are. here's your opportunity to make your case. >> we saw bad news or disappointing stock market news from the fed chair earlier this week, we saw the markets react, we saw interest rates bumped up. the bad news, oil prices have risen, wage fights that are nasty but from an investment standpoint, that's good news for investors. get all the bad news out, get these valuations, more reasonable especially the large mega tech and as that unfolds

and we look forward, the market will look forward and we think by year end stocks have a nice rally heading into hopefully a good 2024. stuart: meanwhile as i often say, watch the problem with a 5% treasury, 1-year treasury that yields more than 5%. what's wrong with that while we wait for the santa claus rally? >> we have talked about that and you've been on point and you started with the 4%, 2 year treasury so it has gone up since then. the good thing about owning a 2 year treasury is when rates go up you don't get hurt as much because you only have less than 24 months of that old 4% interest so if we talk about that a year ago or 8 months ago, you have about a year left of that 4% rate and it doesn't now that rates are at 5, you can now reinvest maturing bonds at the high rate. rolling bond like that is not a

bad strategy especially for conservative investor, staying in quality us paper, staying on the short end of the yield curve and sitting out all this interim volatility. stuart: i will sit on 5% and wait for the santa claus rally, thanks for being with us, have a great weekend. there are some movers including activision blizzard. lauren: this is a microsoft story, a good one for you. of the uk said game on the microsoft deal to purchase activision blizzard for $69 billion, stunning turnaround if you ask me by the uk antitrust authorities after microsoft -- stuart: microsoft accommodated, the brits said don't like this, this, this, microsoft accommodated them and now they are saying the coast is clear. lauren: they sold the gaming rates. that the accommodation. stuart: wayfarer. lauren: furniture people online.

stuart: lauren: they were upgraded at bernstein, price targeted 65, sale getting stronger, cost going down, stocks at 4% this year. now it is not moving. stuart: i apologize. stuart: meta, $303 a share, says it's going higher. lauren: city going to $385 up 30% from yesterday's close in the next 90 days. driven by advertising and excitement around artificial intelligence. meta does much a i already. the bad actors on the site, they are new in artificial intelligence. of the one see what you did? you just moved the market. lauren: after wayfarer was flat. stuart: new jersey senator bob menon does and his wife have been indicted in new york on federal bribery charges. they allegedly had corrupt relationships with three business men. this is the second set of corruption charges against

menendez in 10 years and he vigorously denied any wrongdoing. us attorney's office in manhattan discussing the environment at 11:00 eastern this morning. it's important to note that menendez is up for reelection this year, next year, 2024. he faces one significant gop challenger. next case, get ready for long otto strike. leaked messages reveal the strategy to, quote, create operational chaos for the big three. tell you about that one. thousands of migrants walk across the southern border so who does the president blame? republicans. watch this. >> president biden: republicans in congress and my predecessor spent four years gutting the immigration system. they continue to undermine our border security blocking bipartisan reform stuart: republican governors are not buying it. they want to know where the administration is sending these migrants they are letting them.

alexis mcadams has that report shortly. mexican cartels are the fifth-largest employer in mexico. former acting ice director tom homan takes that on next. ♪ the coach. the manager. and the snack dad. all using chase to keep up with their finances. the coach helps save goals here, because she saved for soccer camp there. anddd check this out... the manager deposited a check. magic. and the snack dad? he's getting paid back. orange slicesss. because this team all has chase. smart bankers. convenient tools. one bank with the power of both. chase. make more of what's yours.

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stuart: thousands of migrants walk across the southern border, 20,000 crossed this week alone. alexis mcadams is outside the roosevelt hotel, do we know why new arrivals, thousands of them

go across the country? >> that's the question they are asking, wanting to know, as they see from the reporting on eagle pass by the thousands, once they get to the united states, to figure that out. look on the screen, these are the top cities we know are seeing the most migrants, new york city, chicago, la and dallas, according to track, that the nonprofit data research center pulling in those numbers. sounding the alarm for months, gop governors sent the letter to the president this week calling on him to say, quote, your administered and admitted under oath to congress the cartels prioritize the southern border as a major corridor and exploited daily for human trafficking. they can't tolerate depth from the fentanyl crisis. pouring a failed drug into the communities.

and to the cartels posing the greatest criminal drug threat. and new york city and across the country. they are doing their best to keep up. talking throughout chicago up after spending thousands of dollars and house to migrants. he says where is the federal plan. >> pillows, sheets, blanket, $800 worth of blankets last week. these things are all coming, the city is not paying for those. >> reporter: at the roosevelt hotel and across the city and areas of manhattan you see it as the search continues, local and state leaders say they are looking at the right to shelter mandate, everyone who comes in, get a place to stay, we don't have room for it.

governor kathy hochul saying we cannot house the world in new york. stuart: thank you very much. tom homan is with me. i'm going to try my theory on you. open border biden looks weak. week. build the wall trump look strong. that is why the cartels are pushing them through as fast as they can, why we've gotta new surge. what do you say? >> the same intel report, cartels, that's one of them, don't get detained, get released, lodging, food, one of the latest messages from the cartels is trump is going to be back in office and building that wall and he will end catch and release. stuart: that is what you are hearing. that is it.

>> that is one of them. catch and release, that is huge but lately, they watch our news too. they are saying trump comes back, you won't go, you are not going to -- your going to be detained, removed, everybody on the border, that is one of the messages to sell people to come to the united states. stuart: we have news that mexican cartels are so big that they've become mexico's fifth-largest employer, that courtesy of sanctuary cities in the united states. stuart: that's a big part of it. they are a magnet in this country. in new york, you get drivers license, a job, you can get arrested for serious crime, booked in rikers island, the

nypd, in the country illegally, commit a crime, you will be released back into the community, why wouldn't you go to new york for sanctuary cities, you don't fear law enforcement but that is one of the drivers in mexican cartels, they are like a fortune 500 company making more money than anybody has. making a record amount of money smuggling drugs and people, record amount of money sex trafficking women and children, they've got military on the tape, law enforcement on the tape and government on tape. high school kids and college kids transport the inner cities. they are making more money right now. stuart: tom homan, good to see you. we have news on the uaw strike. what did the uaw president say?

>> we thought it would be a small expansion of the strike. we were wrong. there will be a strike starting at noon today at 38 locations across 20 states in the us. those will be parts distribution facilities for gm and stellantis. there will be no additional strikes at ford. that's because sean fain has said at ford they have made significant progress, they outlined the progress and the issues ford has moved on, specifically they have agreed to cost of living increases that were not there before. they agreed the tier system across the table, return to what it is like in 2009. the workers on the job, they agreed to the right to strike over plant closures, any plants going forward can strike and agreed to profit sharing.

stellantis and gm have not agreed to any of them. told you earlier what we reported coming into the show about how leaks messages indicating they were trying to play one automaker against the other. that is what they are doing and they are striking at gm and stellantis but leaving ford alone. 38 locations, 20 states and they are parts distribution facilities. the trucker simply plants we thought might have been struck, why is this? if you don't have parts you can't make cars and can't necessarily fix cars that are broken. do we see anything else after i left it? anything else i missed? make sure you had all the headlines. 38 locations across the us, 20 states, only gm, only

stellantis, parts distribution for studies, ford, no additional strikes but no change to the strike behind me. the three plants will stay out but with these additions. ford making progress. stuart: i'm reminded of the internal message which we've got hold of last night. if we could keep them wounded for months, they don't know what to do about it. keeping them wounded for months. >> reporter: that would be a wounding. the parts distribution thing would be a wounding because that could wound everybody as opposed to a specific plant. stuart: do we have ford motor company? ford stock is up 3%. by these extra stoppages, gm and ford, and stellantis, up 3. 5%. here's what we have coming up for you, former ncaa swimmer riley gains urging people to

stop using the term biological woman. she will claim why it's important to drop that expression. hollywood studios met with the writers union for the second day in a row. are they close to a deal? kelly o'grady reports from hollywood next. ♪ at ameriprise financial, our advice is personalized, based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us.

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stuart: major announcement on the ua strike came to us moments ago, the strike will be extended to 38 additional factories run only by general motors and stellantis. ford's factories will not be affected. ford has come to agreement on some issues with the union. lauren: they are serious about a deal, additional job security, the right to strike or close plants, enhanced profit sharing formula, reinstating call of the cost of living is the inflation, ford has agreed to that, gm and stellantis did not. stuart: they were saying the

uaw has invited the president to join our fight mother uaw says the public is on their side. maximum pressure on general motors and stellantis, they threaten to wound the big three and extent of 38 locations is indeed a wounding. they start immediately, 38 factories, they are walking out. on your screens, we have ford up 3.5%. a small gain for gm and stellantis as well. maybe the market feels, a deal is fairly soon because they are putting on so much pressure. let's get to the hollywood strike, ongoing right, the studios met with the writers union, the second day and a row. kelly o'grady is in hollywood. any closer to a deal? >> reporter: they are making progress, was pretty far apart in a number of key issues.

it was the second day, today marks the third day of negotiations, the statement the deal w sent to their members, a preaching a message of solidarity and support we received the last few days, and ask as many of you to come to the picket lines so we expect a lot of folks today. it lasted over 10 hours, you had a big four studio heads from disney, universal, wb discovery and netflix, expecting them to attend the session today. i'm hearing from a source on the studio side, they have a deal for this weekend and it would be huge for california's economy for the film industry and tv industry in general. we had production shutdown, major film releases delayed, many of your favorite tv shows aren't coming back this fall. this weekend next week, like they normally would and california's gavin newsom to put context around it thinks

this has already cost the california economy over $5 billion and counting. even if a deal is reached today or soon, it would take two weeks for the writers union to ratify with their members. the actors union on strike. no movement there on getting them back to the negotiation table. what i'm watching is what they come to an agreement on on artificial intelligence. there are major implications for many industries as well. stuart: thanks very much indeed. i will change the subject. riley gains is urging people to stop using the term biological women. riley gains joins me now. what is wrong with that expression biological woman? >> i will be the first to say i adhere to this for a long time too. thought i had to make the distinction that i am in fact a biological woman, thomas is a

biological male. it hit me a couple months ago, a few weeks ago, what we were doing when we added the prefix of biological, we are admitting there's a nonbiological alternative and there is not. there is man, there is woman, male, female, mother, father, boy, girl, this idea of biological woman is crazy. i don't think we realize how much language matters, how important it is because when we use these words we put emphasis behind them. it dictates our well-being, it dictates what these words mean. i think god created the only distinction we will ever need when he created man and woman. stuart: fair point. the olympics, 2,024 olympics kick off next summer in paris. do we know what the gender rules are in the swimming competition? the gender rules been set yet? >> of the ioc like every large

governing body including the ncaa are total cowards. they said there is no presumptive advantage between the two sexes, they've taken all hands on deck, leaving each specific sport governing bodies making decisions for their own sport. stuart: sorry to interrupt. does that mean leah thomas, if that person decided to compete, they could compete in the olympics? we could see, hate to say this, biological male competing in women's sports and the other picks. is that correct? >> you can just say male next time, but yes. not for the sport of swimming. swimming, the international governing body of swimming, created guidelines that say if you go through male puberty, you can't be women. there are other sports like soccer, weightlifting, that have not created those guidelines. some sports are protected. some sports are not. some sports are protected.

stuart: you expect to be sorted out for the time those limericks begin because people are training right now. >> i think we should expect it to be sorted out but i don't because i know how these governing bodies respond. they are spineless. they are following the money. they don't want lawsuits, don't want to lose federal funding. they choose to leave all hands on deck which is a very unfortunate response. it means we as women, we as female athletes are collateral damage, we are being exploited in locker rooms. we risk our safety especially in physical contact sports, we are losing on opportunities while the ioc, the united states olympic and paralympic committee are making money. of the when you make your point very well. pleasure to have you on the show. come back soon please. alarming statistic for you. 13 schools in baltimore, not a single student tested proficient in math.

we have that story in the next hour. here's a headline for you. hispanics running away from democrats. bidenomics is making things worse. alfredo ortiz wrote that. he will tell us what a problem this is for democrats. that's next. ♪ ♪ doors lead us to places we've never been. your dedicated fidelity advisor can help you open those doors. they can help you create a retirement-income plan designed to balance growth and guaranteed income. and provide access to specialists who help with estate planning to look out for future generations

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stuart: look at the markets, the nasdaq up 105 points. ready for points, s&p up 18. hispanics are running away from democrats. bidenomics is making things even worse. alfredo ortiz joined me now. can you put some numbers on it? >> thank you for having me.

hispanics are not only walking to the republican party, they are running to the republican party. the latest new york times paul, biden holds a 50 point lead among hispanic voters, down from 65% in 2020. huge drop because of bidenomics. stuart: does it have anything to do with the border? >> hispanics are the most entrepreneurial groups in the country. under the trump administration they were doing well. median incomes up extremely high. record levels, now they are getting hurt the worst. when you think about inflation hitting populations the hispanic population is the hardest in. stuart: you've got $6 gas in california. i want you to listen to what the president said to the

hispanic caucus yesterday. >> president biden: what my dad taught me, everyone is entitled to be treated with dignity and respect. professional black caucuses, those values. stuart: the congressional hispanic caucus, the congressional black caucus, hold on a second. i picking up on this we could be accused of piling on the president. nitpicking. i think it is important to report on this because he is the president and i believe he is in cognitive decline. where are you on this? >> absolutely, it's not something we can joke about. i feel bad for him because we are human and we feel bad for other humans that are declining. you can't be the president and be in this state. stuart: when the election rolls around in 2024, at the moment

according to the times, biden leads 50-40, 40% will vote for the president. what will it be in 2024? >> i think it will be less. if you look at just virginia, i am in loudoun county, senate candidate, governor youngercan they back 54% of the hispanic vote. i think we will be beating the president in 2024 among the hispanic market. hispanics are being hit hard by biden inflation, they know that, no matter what the white house or the press secretary, hispanics feel it every day at the gas pumps and grocery stores and their businesses because they are suffering at this point. stuart: without hispanic vote

in his favor the president cannot win. i will see you soon. then we have liberal actor john q sack going after the elite. lauren: he went on a rant logical blistering attack on the democratic party elite if you scroll up the screen i can tell you that. sold out the working class for decades and don't have moral and intellectual honesty in response to democrats looking at outlying get federal wealth taxes. yale and harvard buddies, and they are all in bed with all the same big-money power players and we run the world, he continues. this kind of staggering amoral bs is one of the reasons trump's demagoguery works on people. he says the democratic elite are pushing americans to like donald trump.

stuart: maybe the man has a point. we mentioned this, gas prices in california are close to $6 a gallon, up $0.26 in the last week. california guy steve hylton on how drivers are dealing with that. bill gates thinks we need to spend a lot of money on climate change, role that tape. >> there is no excuse for not getting to the point where we get to 0 co2 emissions which i believe we should spend a lot of money on climate change. we should have very high carbon taxes. stuart: did year that? very high carbon taxes. i wonder how popular that will be with consumers. bjorn blumberg here on that next. ♪ ♪

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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: bill gates thinks innovation is the key to combating climate change. >> there is no excuse for not getting to the point we get to

0 co2 emissions. in terms of avoiding the unknowns and what it is like to get certain temperature increases, an extremely hard thing to do. innovation gives you a chance of doing that. if i believe i should spend a lot of money on climate change, we should have very high carbon taxes. stuart: you worn blumberg, a well-known environmentalist, i think you agree with bill gates, you've got to innovate. >> >> yes. fundamentally you are asking everyone to switch the growth engine of the last 200 years. you are not going to do that if it is costly. the only way to convince especially china, india, africa is the green energy is cheaper than fossil fuels. it's not right now but if we make it cheaper, what drove the biggest reduction in us emissions was the fact that fracking turned out to be

cheaper than using more coal. fracking only admits half of co2. that's why you switch because it is cheap. stuart: gaetz says how about a really big carbon tax. what do you say to that? consumers are not going to like that. >> any economist would say the carbon tax that reflects the damage is a good idea. that's not as big as what most people want it to be and certainly not very realistic to match that this is going to happen in most part of the world. most countries in the world, any reasonable carbon tax, have to replace all their taxes with carbon taxes. when we reach 2050 and don't have more carbon emissions they have to go back and redo their taxes. that's unfathomable. it is a theoretically correct idea. we should look at those that. stuart: i am sure you know about rishi sunak.

he reversed course on environmental rules and green policy including stretching out the ban on gas powered cars to 2035. you approved? >> yes because you can't get rid of gasoline driven cars. when people like them. the biden information administration assumes by 2050 america will only have 10% electric driven cars. most people like and need their gasoline cars. unless you have something that is better, our president and prime minister is -- stuart: all of them including biden? >> when you get close to doing something most of your voters don't like say i will extend it, leave it to someone else to make that decision and in 2035 somebody else will postpone it

to 2040 and eventually it will not be a thing. stuart: what does the climate crowd think of you? >> they are not happy about me pointing out these obvious things but someone needs to say that. it's not the climate isn't a problem but we are fixing it badly. gaetz is right. it's about innovation. we when you are saying the emperor has no clothes. >> i'm saying there are smart things to do. we should be doing those things which i'm not just about saying don't do this but do the smart stuff. stuart: bjorn lon berg, a welcome voice. the epa's own scientists questioned whether ethanol is more climate friendly than gasoline. what are they saying? lauren: the corn-based ethanol they thought would be better for the environment than traditional petroleum-based fuels and two years ago congress mandated its use but now they are not so sure. the epa' s science advisory board, a panel of experts say there are minimal or no climate benefits from substituting

ethanol for gasoline for diesel. stuart: bjorn blumberg is nodding his head. >> the benefit is it helps people in iowa. lauren: i was speaking to some oil people, it is legal and legitimate they are doing, spending this money to take the carbon and put it back in the ground. these small operators saying we can't do that because we don't have the money to do that because a private equity funds have pooled their investments from the fossil fuel industry but they say it's going out the other end, you are technically capturing on one end, redirecting it. stuart: i will break in and get into what ford just said. they are not being hit by extra strikes the way gm and stellantis are. here's the statement from the ford motor co. ford is working diligently with the uaw to reach a deal that rewards are workforce, enables ford to invest in a vibrant and growing huger, we are making progress in some areas but have

significant gaps to close on key economic issues. in the end the issues are interconnected and must work in an agreement that supports our mutual success. ford stock is up this morning because they have this partial agreement with the uaw. gm and stellantis do not. the wall street journal's bill mcgurn and the white house granting work permits for half a million venezuelan migrants. steve hylton on the ongoing auto workers strike and campus reform's nicholas giordano fact checking randi weingarten, the 11:00 hour is next. 11:00 hour is next. ♪ i've spent centuries evolving with the world.

that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. >> these five, six holdouts have any plan. what's the game plan? >> it's negativity on top of negativity on top of negativity. therefore i'm not surprised nor should anybody be surprise that had the market is under pressure. this isn't overstretched by any