more people to adopt a forever bury friend. how to do you like that, rebecca? >> i love it. i'm a dog lover. i've got two labs myself, so, you know, we need some good news, maria. love it. maria: exactly. joe, i bet dusty would have liked it, although i don't know if she likes movies very much. but just being with all those other dogs -- >> look, i think my dog would have been chaos. i'm just surprised and blessed we didn't have any dog the on dog crime there. joe biden's america, crime has gone through the roof, but at least the dogs have not lost their minds here in this bidenomics economy. maria: we love it. thank you for giving us those shots of you with your dogs. thank you, everybody. we so appreciate your time, joe, rebecca, great show and great to be with you. we are 30 minutes away from the opening bell. markets at the lows, down 175 on the dow right now. "varney & company" picks it up. david asman in for stu. david: good morning, everyone,

i'm david asman in for stuart varney. president biden heads to michigan today to join the uaw members on the picket line as contract negotiations with detroit's big three auto makers drags on, this comes after the white house says president biden wouldn't be picking sides here. maybe he has. president trump will also be visiting detroit tomorrow where he's going to be peeking to a crowd of -- speaking to the a crowd of current and former members. hollywood writers voting today on whether or not to accept the tentative deals from studios which would end the nearly 150-day strike. the terms not just released s. and new video showing the overcrowding at the southern border. this comes as we learned 11,000 migrants crossed the border in a 24-hour period, and hundreds more migrants making their way on tops of trains again, some waving a venezuelan flag as they make their way to the u.s. border in texas. now let's take a look at the markets on this tuesday morning. a lot of red on the screen. we see the dow futures down 180,

s&p down about 27 and nasdaq way down, down about 100. the 10-year yield is down, remember, it popped yesterday. we're going to be talking about that, why the market didn't react more strongly to the pop in interest rates but, again, they are down a little bit today. the 10-year yield is at 4.5%. and the stage is set for the second gop presidential dethe bait. seven candidates are going in the spotlight tomorrow night including doug burgum, former new jersey governor. chris: city, florida governor ron desantis the, nikki haley, former vice president mike pence, tech entrepreneur vivek ramaswamy and south carolina senator tim scott. it's tuesday, september 26th. "varney & company" is about to begin. ♪ ♪ ♪ i'm still standing better than

i ever did. ♪ looking like a true sur discovery, feeling like a little kid ♪ david: oldie but goldty. tomorrow though is the big with day. it is going to be a golden day for fox business. we host the second republican debate tomorrow at the ronald reagan presidential library in similar ismy valley, california. -- simi valley, california. madison alworth is there. set the stage for us. what because it look like? >> reporter: good morning, david. well, right now it's quite dark because it's the still really early out here in california, but we are one day away from the second gop primary at the reagan presidential library. we have our official lineup that will be on the stage tomorrow night. taking a look, these are the seven candidates that have been locked in by the rnc that will all be debating at 9 p.m. you know, when we talk to voters about the issues that they hope to hear on that stage, we consistently hear that her concerned about the economy. that is something that has

really persisted for some months now. but what we're increasingly hearing over these past few weeks is concerns around the border crisis and candidate fitness has been a topic that pops up more more. on the border cbp has registered over 2.2 million border encounters this year. in recent days we've seen daily crossings hit 9,000. the spillover is hitting nearly every corner of the country. on the economy, 44% of americans in the latest abc news-washington post poll say they've gotten worse off financially under biden's presidency. that is the most for any president since 1986. and when it comes to age, voters are frustrated that front-runners may lack fitness for office. >> it seems like with things becoming more expensive that it's taking even longer to get where i want to be. >> i care about our border. i think our border's important to my grandchildren especially. >> i'm concerned in a few years when i'm ready to retire that

we're going to have an economy that would allow me to, or am i supposed to work until i'm 70, 8900 years old? >> the -- 80 years old? >> the the same age as my grandparents. >> reporter: so these candidates will have the chance to address all of these concerns tomorrow night at 9 p.m. here at the reagan library broadcast on fox business. david? david: madison, thank you very much. new polls out showing biden's disapproval rating sits at 56%. listen to what the white house had to say about that. roll tape. >> reporter: you've got a 56% disapproval, the highest of his presidency, and 74% of registered voters say they have major or moderate concerns about the president's age and mental fitness. how troubling is that? >> i get the polling that you're laying out, i get that that, but we can't, we can't be focused on that. >> reporter: [inaudible] >> i hear you, but it is -- look, our focus is going to be on, on what we can do to

continue to deliver for the american people. polls are polls, right? her going to be all over -- they are going to be all over the place. david: and ben domenech joins me now. great to see you, thanks for being here. more and more this administration particularly from the white house spokesperson seems to be just ignoring reality whether it's biden's poll numbers or the economy where they ignore what everybody knows to be true. they ignore that that exists, or the border crisis. how much longer can you ignore reality? >> well, it's funny how california then jean-pierre -- karine jean-pierre framed that as polls all over the place. well, they're not. they're very consistent. they show how much concern there is not just among republicans, but among independents and democrats about the fitness of this president to continue into a second term. very highest levels of skepticism that we've only seen grow over the past year.

and i think that the fact that these polls are all moving consistently in one direction and that's heightened levels of concern shows the white house that they haven't done a good job in allaying any of of the fears of the american people, that this is a president who is personally not just out of touch, but incapable perhaps of finishing out another term. we saw the news, for instance, just this morning that the white house has purposefully started to make the president wear more sneakers because they're concerned that he's going to have another tripping episode, that's going to fall down and potentially hurt himself in a way that could prevent him from being able to function on the campaign trail. that's not the kind of conversation you want to have about a commander in chief. david: of course, with the new decorum rules, it goes in place with john fetterman -- [laughter] >> absolutely. david: the white house attitude is what happened in the final days of richard nixon. you don't remember, i do. i'm old enough to remember e.

there was this denial, he realized he couldn't go any further. ron ziegler was the white house spokesperson at the time. he said the same kind of stuff, just ignoring reality. and then, of course, nixon resigned. do you think it's possible -- of course, the president may not resign, but that he'll come out and say i'm not going to run again? >> so here's the thing, i think that, you know, joe biden has worked for so long, over the course of more than three decades, to get to this point, to get to the presidency, and i think that he's not going to be someone who walks away from that position without having it sort of pulled away from him. democrat elites are kind of exercising their last opportunity at this moment, i think, over the past month to try to give him a path out. you saw that in the david ignatius washington post chum, you see it in the polling that has been released that shows him potentially losing to donald trump. you see it, i think, in some of the promotion of california governor gavin newsom by a lot of folks that would like to have

him potentially as the candidate. but i don't think you're going to be able to do this except by ripping it away if the president. david: i've got to rush you because we only have time for one more, it's got to be kick request. another person -- quick. senator menendez came out and said he's going to fight to the end. a lot of people say he's already reached the end. "the new york post" takes kind of umbrage at his suggestion that he had all that money because of his cuban roots, that that's what i cubans did before fidel closed the place down, and he's worried about the same thing happening. is it time for the senator to leave office and will he? >> it's the past time for him to leave office, but he's taking the same lesson that every other senator really took from the al franken experience which is franken regrets ever stepping down in the face of that challenge, you know? and i think in this case menendez basically feels like i can get through this, i can hang on, and no one's going to push me out. he's hoping for a divided field that allows him to win that senate nomination once again

and, you know, frankly, i think there's a possibility that that happens. david: that al franken analogy's spot on. i forgot about that. ben with, great to see you. thank you very much, appreciate it. >> thank you. david: let's turn to the markets with us. david bahnsen is with us, and he's going to stay with us for a while on the show. first question about yesterday's market, david. why did markets seem to sort of yawn even though we had that huge jump in rates? >> yeah, it's important to point out that markets had been going down in concert with rates moving higher all of last week, and so i think it was just sort of -- david: it was a big pop. it was a big pop yesterday. >> yeah, but it was the really big last thursday. david: that's true. >> the 10-year moved up 15 basis points thursday, and the dow was down over 300 points. and so i just think a lot of that correlation was absorbed into market action yesterday. and even with the big pop yesterday on the long end of the curve, the dow was only up 40

points. so it was sort of a bit of a pause. but the trend has still been a correlation between stocks and bonds. david: and what are we seeing today? the dow is down and futures over 200 points right now. why do you think investors are nervous? >> well, the number one thing i always have to say as to why the market is doing any particular thing on any particular day is nobody has any idea because markets can do whatever they want -- [laughter] for no reason whatsoever on any given day. david: and that's the beauty of the free market. go ahead. >> yes, it is. yes, sir, david. look, the market right now is jittery. there is not any news to push it higher, and this is the part i can't emphasize enough. the s&p was only up based on 7 companies all year, those 7 companies are are trading at 50 times earnings, and they are 34% of the market. the rest of the s&p, let's call it the s&p 493, they're flat on

the year, okay? and so you really have a market that is expensive, it's pricey, and it's the totally dependent on a lot of tech and very expensive tech at that. and so i just think right now until we get into earnings season which is a couple weeks away, it's tough for the market to really get a feel for where corporate profitability is. david: we're going to be talking about the s&p 500 49 -- s&p 493 a little later. thank you very much, david. cohost of "the view," ann ma navarro, warning president biden so not take any poll for granted as his approval rate sinks. >> i think joe biden needs to look at this poll, not be afraid of it but, yes, learn from it. people need to feel that the economy is better. the economy is better. two stronger years of growth. but it's not enough to say it, people need to feel it. david: looks like they're getting a little worried there. and take a look at this, new video showing luntz of migrants pouring in on tops of trains again waving venezuelan flags as

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pass that are unpatrolled. that, david, is a cartel's dream. now with me, texas lieutenant chris oliveras. i want to get to that. but, lt, before that we had some video yesterday you posted of a south american, i believe colombian flag being taken down. migrants planted it on that island just behind us. what happened? why'd you do that? >> that was disrespectful to the state of texas and to the country. when you have illegal immigrants that areing as cross between ports of entry and they claim they're leaving their country out of fear, yet they planted their flag on texas soil, it's an insult. the federal government may welcome that, but the state of texas will not stand for that. that's why we needly took down that flag. >> reporter: you went in there and took action. we're talking about the miles of unpatrolledded border right now. and just so our viewers understand, david, the eagle pass sector has on any given average day about 45-50 agents on shift. 90% or more are here with busy

processing these 2,000-plus migrants. texas dps having to step in to try to help patrol the area. >> exactly. when you have thissen influx between ports of entry, especially these smaller border community, it holds more resources, federal resources from the line, from the river where there's miles and miles of river that are being with unpatrolled. texas dps supplements that. we have additional state troopers that will focus on highways used for human smuggling, focus on private ranches that are typically used for those where we see gotaways, and moe importantly, working on the river -- most importantly, working on the river focusing on public safety and national security risks. >> reporter: the cartels are using these thousands of migrants as distractions, it seems. >> absolutely. they saturate areas, we're seeing that in texas and arizona where they saturate multiple areas along the border with large groups of illegal immigrants because they know that's going to deplete

resources, federal resources, and there's going to be miles and miles of area or river in this case unpatrolled. that's where we see criminals, suspected terrorists, cartel members and drugs such as fentanyl coming across our borders. >> reporter: fox news getting excollusive video of more migrants on top of trains heading right here where we are. we saw a tweet from elon musk. he has been speaking with congressman tony goppedz less who represents this area. he is apparently going to bring elon here, and elon's going to see us firsthand. we'll bring you that when that happens, david. david: great stuff from your reporting and please thank the lieutenant for us. he's doing tough work. thank you very much. well, texas congressman pat fallon joins me now. congressman, i just want to ask about title 422 because there was this -- 42 because there was this slowdown once they got rid of title 42. was that just a fake to kind of get everybody's guards let down in order to prepare for this big

influx that we see now? >> you know, david, that's just one of those mysteries. we don't know why it went down slightly, but i knew it wasn't going to last. and the biden administration, they're also manipulating the numbers because there's tenses of thousands of folks that they're allowing to come in with the cbp one app, and i'll tell you something, david, this is very important. we had never had a month in our history where we had over 200,000 illegal border crossings. under joe biden we've had 14 months, and last month was a 300,000 number, a new low. david: and then there's this question of humanity. the white house is saying their policies are humane. let me play a little sound from karine jean-pierre talking about this other day. roll tape. >> they are doing the opposite of what the president is trying to do, actually move forward in a way that is humane, safe and this is has an orderly enforcement pathway, process here. ca. david: congressman, when we see children being dragged through

razor wire, when we see children washing up to the shore dead because they drowned, a 3-year-old just drowned last week, an 11-year-old the week before was found dead, what is humane about all that? >> nothing. in fact, you know, the left never wants to talk about the deaths, when people die of exposure or how about the cartels' exploitation. up to 60% of unaccompanied minors are exemploymented with either drug trafficking or human trafficking by the cartels. an open border is an immoral border for the people who live south and knot of it. how about the fact -- can north of it. how about the fact that 30% of women that transit through southern mexico or from central america, through that country, are sexually assaulted along the journey? that's not humane. david: i just want to talk about a legal issue, congressman, because the biden administration has moved in a lot of new york governors, governors of new york, governors elsewhere from blue states that are usually

sanctuary states are moving to grant work permits for as many as a half a million venezuelan migrants. but "the new york times" -- not a right-wing paper the last i checked -- says that under federal law migrants have to wait six months after they file before they can apply for work. isn't what they are doing now illegal? and isn't somebody going to take them to court for doing that? >> i certainly agree, i can't believe i'm saying this, but i agree with the new york times. they are correct, it is illegal, and it's the preposterous. the biden administration has been ruling by decree and fiat for the two and a half years he's been in office. so so, yeah, i would hope some of the states' attorney generals take care of this and do sue. and, certainly, we can pass legislation in the house, but then it dies in chuck schumer's senate. we did with h.r. 2 which is a wonderful border security bill that a we're probably going to and, hopefully, attach to the

continuing resolution to do something about this absolutely cataclysm that we have at our southern border. david: i would think there are millions of people who are trying to do it the legal way, been trying for years to do that who have standing, who could take that to court when they see people who just came in illegally who suddenly get work permits. i don't think it's going to take much to take it to court. i wish somebody would help the folks in need to do that. congressman, thank you very much. appreciate you coming in today. let's check the futures -- appreciate it. and they are down significantly. the dow is down 2000 points in futures -- 200. the s&p down about 30, nasdaq is down almost .7%, right now it is the down 104 in futures activity. the opening bell is next, stay with us. ♪ alejandro, i want you, babe, i want you, babe ♪

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david: checking the markets, it doesn't look too good right now. dow jones is down about 193, nasdaq is down over 100, 111 1 1

1 1 1 1 1 1111 -- 111 points. mike lee, what effect has the auto workers ' strike had on investments? >> very little as of yet, but as this carries on, it's going to be a drag on the entire economy x. if not only is it going to be a drag on the entire economy, it's going to raise the prices of cars which will reaffect the -- affect the inflation numbers. david: and oil. a lot of concern about oil, but it seems to have lost its that trajectory to the upside recently, now trading below $90 a barrel. is it going to stay there? >> look, i'd say the path of least resistance for oil is much higher, and as -- if the price were to drop, you'd expect the saudis and the russians to continue cutting production so that we have inflated oil prices. i think the story with oil is that that hasn't really been felt in the inflation data yet, and it soon will be.

david: now, rates, you don't think rates are going to start going down at all until we have an economic downturn, and you think that might be coming sooner rath rather than later, right? >> yeah, look, i think, you know, the notion of a soft landing is about as real riskic -- realistic about bigfoot or a unicorn. i think it's taken a lot longer for these rate hikes to hit the economy because rates were so low for so long, so much debt is locked in at very low interest rates. so the lag effect which normally takes 12-18 months could take longer in this situation. and, look, you're in a situation right now with the consumer where a third of people making over $150,000 are financing their lifestyle on credit cards, living paycheck to paycheck, and you go down, that's e two-thirds of the population are. so look, i'm not excited about this economy, but we might soldier along. david: okay. well, you hear the bell ringing, the nasdaq is open, the dow is

open. markets are trading down as we expected. the dow is now down about 200 points to the negative. we also have the nasdaq down as well, nasdaq is down even higher percentage wise. but as you can see, the big board the greens haven't come in yet. so far all we see is the red. but we're expecting the dow to trade down about 200 points. all red except one green, walmart is in the green. that's about it for now. look at the s&p if we can, s&p is down large larger percentage wide, down about .64%. down 28 to the downside. and the nasdaq taking another big hit, down about with two-hisser of a percentage point -- two-thirds of a percentage point, 88 points. let's take a look at the big tech stocks. apple down, microsoft, meta, amazon, alpha9 bet, they are all trading down --al a pa bet. though none of them down more than a percent, but they're getting close to that. let's bring david bahnsen back in, if we can, and start with

some stocks in particular. david, let's start with ford because it looked like there was some chance of them getting a deal with the uaw. they're pausing work on a $3.5 billion battery plant that was really surrounded by controversy in michigan because of the inclusion of the chinese in that project. they're worried about being able to operate the plant during the auto union strike as a well. what do you think about ford? >> well, we don't own ford, and there's other reasons for that. it has nothing to do with this particular strike. i think people really need to see this as a great example of a permanent investing lesson. the news headlines and what's happening with the stock prices are often not one and the same. the stock prices of ford, gm, etc., have largely shrugged off the strike e over the last couple weeks. a lot of it is just based on the fact that they assume there will end up being a deal, and a lot of these things are already priced in.

that's an important thing to remember about the way the stock market works. da. david: let's talk about meta for a second. they've got this new social media app called threads, and it's not seeing a lot of growth. they haven't done much in terms of competing with elon musk. they rank near the bottom of social media platforms, only beating out tumbler. what do you think? >> i don't think threads has anything to do with what will happen with facebook's stock the, and you'll forgive me that i continue to call it facebook instead of meta, twitter instead of x because i'm too old to keep track of it i all. [laughter] look, i don't believe that a company like facebook with its giant revenues can be impacted one way or the other by a thing like threads which was really an afterthought. and so they have much bigger issues going on. it's a similar story, david, with apple. the iphone always drives apple's stock. they come doing something else like air bods -- pods, it just isn't enough to move the needle.

david: down about 1.25%. next one is chatgpt. it can now, quote, see, hear and speak according to its creator, openai. users are going to be able to use the new feature in just a couple of weeks. what do you think about the stocksome. >> well, again, you're talking about microsoft's large position and a lot of other places that have a position in a.i. framing. but our position on a. a.i. is that investors need to be very careful. i'll do this quickly. either it is a real play on artificial intelligence and it's already priced in or expensive, or it isn't even a real play on anti, that there are -- a.i., that there are different companies marketing a.i. and not yet really monetizing it. david: now, there's this dust-up between apple and google. the justice department accusing google of using licensing agreements to monopolize on line searches. an apple edges executive's going to be testifying tomorrow in

federal court, expected to claim that apple chose google as its default search engine because it's the best product available and that apple did not create its own search engine because google already exists. what do you make of all of this? is this too much government getting into business? >> it's too much government getting into business, and it's too much business getting into government. i mean, that's the whole thing with these companies that a want to use the government as an a ally to put a moat around their business when it's convenient for them, but then they want government to go away on the other side of things. and so this is the problem i have with cronyism, is i do not think the government needs to be involved. let these companies fight it out. but they really are incredibly hypocritical about when they want government protection and when they don't. david: milton friedman used to say the biggest enemy of the free market is not the socialist, it's the businessman who wants protection from the free market, so i think you're on to something there. next one, david or, we've got to take a look at rivian if we can,

it's trading up about 2 percent right now. one analyst says ghierng to win the quarter while tesla continues to face hurdles and won't deliver as strong results. come back in here. who would you choose, rivian or tesla on this one? >> oh, i mean, we don't own either, and this is not a space that i feel strongly about other than the the fact that we invest if in profitable companies, and rivian's losses are monumental. and so if you're talking about one quarter, then i have no take whatsoever and neither should the analyst at baird, because they have no idea what's going to happen in one quarter. david: all right. final one, we want to get your input because you're so so bullish on dividend picks, and you've got some of the best ones out there. start with couplens, by the way. >> ticker cmi, it's a brand new position to our portfolio. we run billions of dollars in dividend growth stocks, and for us to the add a new name doesn't happen a lot.

cummins has incredible legacy business around diesel engines that we think has a really great growth opportunity in competing in the hydrogen engine space. in the meantime, has grown the dividend 16% per year for 20 years -- david: and what is the dividend right now? >> right now you can buy 3% yield at entry and get that dividend growth. da. david: what about lockheed martin? this has to be the last one. >> yeah. only defense name we own. i just want to point out lockheed also has about a 3% yield at purchase, also has great dividend growth and is really the company benefiting most from many of the contracts that are inevitably being done right now in terms of defense, certainly a lot of the missiles that are going to ukraine, and i think that just big picture lockheed is so well run, you have to have lockheed in your portfolio. david: brilliant stuff the, david. thank you so much for joining us, appreciate it. david bahnsen. coming up, new jersey democrat senator bob menendez

facing growing calls to resign, but he says he's going to be exonerated from the bribery allegations leveled against him. we've got all the details. and the most pro-union, so-called, president is heading to the picket lines today. but larry kudlow i think it's too late for biden to make any real change ahead of 2024. listen. >> what is going to change for joe biden? his border policy is a complete disaster. is he going to change it? don't think so. rising gasoline and food prices are burying the middle class as their wages may go up, but inflation is going up more. working harder, buying less. they can't afford new homes and cars. david: the great larry kudlow is next. ♪ ♪

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david: well, president biden is headed to michigan today to join striking uaw workers on the picket lines. jeff flock is in warren, michigan, with the very latest out there. hey, jeff. >> reporter: morning to you, david. white house is saying this is the first time a sitting president has ever joined a picket line. although it's probably worth noting that, u.n., the u.s. has had -- you know, the u.s. has had a president that was not only a member of the union, but actually started a strike. that would have been ronald reagan with the screen actors' guild back in 1959. but i digress. this president e mains at the -- remains at the white house this morning, but he'll be coming here this afternoon to join the picket line with the uaw president, shaun painful you know, i think -- shawn fein. i think it would not be correct to say everybody on the picket

line supports the president, but the general sense, i think, is that, in general, they're happy to have support from pretty much anyone. the automakers, how do they feel about all of this? well, guarded in their comments. they issued statements this morning. stellantis saying, number one, on the first day of the strike, president biden said that uaw deserves a contract that sustains them and the middle class. we agree. and we presented a record a offer. gm says our focus is not on politics, but continues to be on bargaining in good faith with uaw leadership. you know, or the president, i think, thought he might be coming to a strike that was making progress with ford at least. uaw saying, you know, they weren't striking ford additional plants, but that all went to heck overnight with news that ford is going to pause work on a battery plant that was much ballyhooed with a big ceremony. governor whitmer was there, $3.5

billion investment, highly touted. ford says, no, they're going to pause that because they're not sure what the contract is going to produce and whether that will be a profitable venture or not. uaw mad at ford now. uaw president saying, quote, this is a shameful, barely veiled threat by ford to cut jobs. closing 65 a plants over the last 20 years wasn't must have for the big three, now they want to threaten us with closing plants that are not even open yet. i think the president hopes things will be calmer, but i don't know that he has much power to control all of that. either way -- [laughter] david: that's a great point. and so many of these powerful politicians think they control the whole thing. very often you can't do that, at least not under free market. great to see you, jeff, thank you very much. larry kudlow joins me now, the great. larry, first of all, jeff brings up a great point. ronald reagan, the republican conservative, was the head of a union, and he was pro-union.

in fact, he had some union support back when he was running for president and running for re-election. the fact is, is that this so-called pro-union president is driving a lot of union job jobs it's in the oil industry or whether it's in the auto industry, driving them to nonunion states or to china. so, you know, it's not -- people think that the republicans represent anti-union and democrats are pro-union. it's not always the case. >> well, yeah. look at reagan negotiated the first strike in screen actors' guild history, sag, and beat -- he actually beat the studios. he did a great job. and he basically won that strike. he was the five-time president of sag, so he knew how to negotiate. he spent a lot of time at ge in the plants, in those days ge had a lot of plants around the country, and reagan used to visit them and, you know, talk

about free markets and, you know, why socialism fails and things of that sort. by the way, trump, trump is very similar. you know, trump worked at construction sites. trump was an accomplished negotiator in a variety of different areas. and in 2016, for sure, he had a big chunk of the union vote. he had a decent chunk in 2020. i think this year if he's the nominee and looks like he will be but whatever, he's going to get a huge chunk. i mean, look, the uaw so far hasn't endorsed biden. now, i suspect they will at the end of the day, but what you're seeing today with biden marching with them is just for show. david: right. >> because, look, think of it this way. the mandates, the climate emergency mandates -- and i think climate emergency is completely wrong -- but those mandates to end gas-powered cars

and mandate electric vehicles in the next ten years is a huge job destroyer. and it's going to destroy, you know, kevin hassett has a number, up to 4-500,000 jobs, okay? some of those union jobs, some of those nonunion jobs. 40% fewer man hours go into an electric car compared to a gas-powered car. so whatever the wages and benefits from this, you know, if they make a deal the next whatever weeks, months, whatever that is, the fact remains it is biden's extremist policies on climate that is going to destroy working folks and unions. david: and meanwhile, larry, with we have the whole destruction of the auto industry itself as a result of these ev policies. i mean, ford, it's no accident that this battery factory e in michigan is embroiled in all this china stuff the, but then you look at what ford is trying to sell, and people aren't

buying. they're not buying in the united states. and, by the way, they're not buying in china. ford's share of the market of car market in coo china which they had great hopes for particularly among evs has gone way down. is so the industrial policy of the biden administration on green energy is failing, isn't it fair to say that? >> yeah, i think industrial policy always fails. but i think ford, i mean, the story in the "wall street journal" this morning, ford had very, very bad management. their marketing and sales program and, you know, trying to compete with tesla direct to the customer just flopped in china. and ford's car was, you know, second, is second rate, even third rate. that was in the "wall street journal" story -- david: larry, you know how things are on the "varney" show, we have literally run out of time. in fact, we did 10 seconds ago. i'm getting the hook here. larry kudlow, we thank you so much for being here.

we're going to be watching you at 4 p.m. eastern right here on fox business. and coming up, take a look at the cover of the new yorker. it shows biden, pelosi, mcconnell and trump all racing for the finish line with the assistance of walkers. jimmy failla is here and all over that one. and we're going to know a little later today if speaker mccarthy made inroads with the gop holdouts on his new plan to cut government spending, but mccarthy still doesn't have a plan to avoid a government shutdown come sunday morning. we've got the report, that's next. ♪ we must stand together, yeah ♪

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david: we are less than a week until a partial government shutdown, and house speaker kevin mccarthy still doesn't have a specific plan or the support to avoid a shutdown. chad pergram has the latest. >> reporter: david, good morning. the house aims to vote on a series of funding bills this week, but these plans are only to thwart kept call keys and will not concern skeptical conservatives and will not avert a government shutdown. >> remember, we've had these posted since july, but we had

some members back even before then that would shut the floor down, and we couldn't do anything. apparently, they're willing to work now. people want to close the government that only makes it weaker, why would they want to stop play paying the troops, the border agents or the coast guard. >> i don't understand how that makes you stronger. >> reporter: some conservatives like montana's matt rosendale and marjorie taylor greene of georgia remain opposed to mccarthy's gambit. greene said she was a, quote, hard no, and she characterized money for ukraine as, quote, blood money. the white house says the gop is not adhering to the terms of the deal on the debt ceiling from the last spring. >> a deal is a deal. it is up to them to keep the government open. this is something they can do. they know how to fix this, and it is the an extreme, extreme part of the republican party that is holding this, holding this because they want to ram through extreme policies that's going to hurt the american people. >> reporter: the government runs out of money sunday

morning. it's believed the senate could try to move an emergency bill by the weekend with bipartisan support, but conservatives may not play. >> i am shocked that all of the discussion about deadlines and never about dollars, that is not the best way to run a railroad are. it's certainly not the best way to the, you know, run congress. so i'm hopeful we can get some reform as we move this forward too. >> mccarthy could echo the senate with a bipartisan bill to avoid a shutdown, but working with democrats could infuriate the right and prompt conservatives the attempt to strip mccarthy of his gavel. david? david: we have to run, but very quickly, donald trump is saying maybe a shutdown wouldn't be such a bad thing. is that influencing anybody? >> reporter: not just yet. maybe with the hard right, but they were already for a shutdown. david: chad, thank you very much. appreciate it. still ahead, alaska senator dan sullivan, brian quill immediate -- kill immediate and dr. marc siegel. the 10 a.m. hour of "varney &

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