muck. ♪ ♪ maria: welcome back. time for the big buzz of the morning. oh, deer. surveillance video shows a deer hurtling over not one, but two cars where he eventually lands in the back of a pickup truck. whoa! >> wow. maria: he's okay, he's okay. what do you think can about that? >> i wonder9 if the truck's okay. i hit a deer once, $are 16,000 of damage. maria: that's horrible. they come out, hay fly out when you're not expecting it it's true. >> scary stuff when it flies out in front of you, but that reminds me of evel knievel. that was impressive. maria: great to have you both here. a market that is firmer going into the bell, dow industrials up 33, the s&p up just a fraction. we'll be waiting on jay powell, he's speaking soon. tu, take it away. stuart: good morning, everyone. a sea change in politics. the democrats won big in tuesday's elections, and

abortion was the winning issue. in conservative ohio, voters wrote abortion access9 into the state's constitution. in deep red kentucky, the democrat governor beat his republican opponent who favored a near-total abortion ban. virginia, oh, a crushing depeat for republicans, and again the issue was abortion. democrats kept the state senate and flipped the house. governor youngkin, who proposed a 15-week banker lost big. tonight, the third republican debate, front-runners desantis and haley will surely be asked to define their positions in light of tuesday's election results. and then there's 2024, democrats have pound a competitive the issue. lauren will have the results in just a moment. to the markets, and i'm going to start with interest rates because that's what's moving stocks these days. the 10-year staying below 4.6%, it's down now to 4.556. the 2-year well below 5, 4.92

right there. modest gains for stocks tuesday, a mixed picture, well, it's turning green now. across the board, the dow up maybe 39, 40 points, the s&p up 3. tiny loss for the nasdaq. the race is on to be the most value until -- valuable company in the world. s it is close. apple worth $. 2.82 trillion, microsoft, 2.68 trillion. trillions only 14 billion between hem. between them. gas, still falling. now, this is getting interesting. the average for regular around the country is $3.40, but there are eight states now under $3 a gallon, all of them in the south. there you are, right there. diesel, we're looking at a $4.39 this morning, no change from yesterday. all right, let's get to the politicses. we'll get the aftermath of the elections. democrats breathing a sigh of relief, but for the general election next year, trump still leads a head to the head matchup

with biden. the house. censures rashida tlaib for her incendiary statement backing hamas. 22 democrats votes to censure her. that is a slate party. on the showed today, why did jeff bezos leave seattle and move to miami? hint, it's taxes. why are one-quarter of medical students thinking of leaving medical school before graduating? and what would you pay for daniel craig's tux or indiana jones' bull whipsome we'll tell you. movie memorabilia upper for auction. wednesday, november 8th, 2023. "varney & company" if about to begin. ♪ ♪ ♪ i'm winning, i'm winning ♪ stuart: winning by santana,

okay, got that. it's a lovely day in new york today. it's chilly but bright and sunny, and there are some people taking the walk onth avenue, new york city. tuesday was election day. the results are in, and it's not a good morning for republicans. good morning, lauren. take us through it. lauren: i think this is a moment to the reset and reframe for democrats and republicans. what is the national message of the democratic party? let's start with kentucky. the popular incumbent democrat governor, andy beshear, wins re-election, 52 of the vote. he campaigned on his record bringing private investment many in, responding to national disasters, enshrining abortion rightses. in ruby red mississippi, the republican incumbent governor tate reeves fended off his democrat challenger, brandon presley, related to the elvis presley, reeves stayed in. but we have a major upset many in virginia and the agenda of the republican governor there, glenn youngkin.

democrats now have full control of the state assembly. the house flipped blue, the senate stayed blue. and then democrats secured the majority on the loudoun county school board. but i do want to point out they got a lot of out of state funding including from former or new york mayor michael bloomberg. i think the bottom line here is that democrats are still packing a punch in the suburbs. governor youngkin made parental rights in education a key issue. he wanted to the limit abortion at 15 weeks. hose goals, those priorities were voted down. finally in the ohio, which is a republican state, voters there enshrined a abortion with rights into the state constitution. abortion is a motivating issue for democrats and independent voters. does that give comfort or to joe biden when he's looking at these abysmal polling numbers? stuart: yes. you'll have to say yes,. wouldn't you? lauren: right. stuart: they found a winning issue. lauren: but at the same time, is it that democrats don't have a problem, the only problem they

have is the messenger, joe biden. what is the message of these results that we got yesterday? stuart: fare point. they've got a winning issue but not necessarily -- lauren: a winning candidate, exactly. stuart: karl rove is with us. seems to me democrats found a winning issue, and it was abortion. do republicans have to change their message thousand? >> well, they have to get better at messaging about it and take, for example, kentucky. the democrats ran an ad featuring a young with woman who had been raped by her stepfather at the age of 12, and her message was the republican candidate didn't favor an exception for rape or incest or life of the mother. so she made the argument you're too extreme. and virginia, look, it's a purple state. won by joe biden by 10 points. so the fact that the republicans came within about, you know, a couple of thousand votes out of the million plus cast mt. state legislative races is, you know, close but no cigar. but abortion did play a role there because virginia has a

current limit of 26 weeks. you can have an a abortion up to 26 weeks. republicans advocated limiting it to 15 weeks, and the difference between those two, the 11-week difference, was enough to give them a couple more seats mt. statehouse. they lost a seat in the state senate, the democrats did, it's going to be 21- 19, it was 22-18 before the election. stuart: the third the republican primary debate is tonight. governor desantis has favored abortion restrictions. does he have to change his position? >> well, in a republican primary it's not good to be changing positions many in reaction to an election. of he's just going to have to suffer through it. but let's go back to the a previous debate in which nikki haley sounded like the adult in the room saying the idea that we're going to have a national law that bans abortion is ridiculous because there's never going to be the 60 votes in the senate to do that. and she came across as the more sensible candidate, realistic, dealing with things as her.

and the idea of a 6-week national ban was not sellable. and we're likely to see this issue pop up tonight, but my sense is the republicans would like to the not talk about it. that hay be possible this in a primary, but in a general election next year you can bet the democrats are going to be following the model of ohio and trying to get on the ballot in as many states as possible similar measures designed to protect abortion rights. stuart: 33 senate seats up for grabs next year, abortion will be part of hose election rayings. -- those election races. thanks for being with us, karl. >> thank you, stuart. stuart: form ther adviser to president obama david ax aing rod suggested earlier this week that biden should drop out of the race. is he walking that back? lauren: he's clarifying his warning shot. he's saying, quote, it's overreacting to say i told biden to drop out. i didn't do that. if his decision is, no, i'm the best person to take this on,

then he will. but, look, he did imply that biden should drop out, and that really peeved the biden camp. but this is happening at the same time president obama is coming i out and and speaking and talking about the israel, and it's exposing frictions between the popular democrat president, obama, and the unpopular democrat president, biden. stuart: those polls really shook the roof, didn't they? lauren: the polls are a moment in time. they capture one moment in time. and the results from the elections yesterday are capturing9 another moment in time. we've still got a year to go. stuart: i shall remember that. thanks, lauren. check those markets, please. what day is it, wednesday? all a day? yes. dow is up 40 points in advance of the opening bell. eddie ghabour is back with us. we've had a huge rally in tech this year. meta, up 150% this year. amazon, 70%. microsoft, 50%. you've been on the sidelines. eddie, have you missed it all?

>> stuart, look, in december 2021 on your show we made one of the most well-timed calls on wall street when we it would you we were going to start getting out of the market. we sold the nasdaq, we started selling small caps. and for 22 months now, we've stayed patient. we've within in and out of -- been in and out of positions, but we've been very, very defensive. compared to that had we just rode it all the way down and all the way up, we're still not to the levels at where we sold. and here's the reality -- stuart: but you did not tell your people to get back in, hey, now's the time maybe you can inch back in and make some money. you didn't say that. >> we did not do that, stuart. because, again, we till think we're going to have another leg down. and so when we look at the scope of a diversified portfolio, and everyone that is bullish on tech, i'd be curious to see what percentage of clients are actually in tech. when we look at these diversify ifed strategies, they've had a tough year again this year when you look at all the other asset

classes. so, yes, did we participate in this rally in tech this year? no. hats off to the the anyone that did buy on the lows. but i think over the next six months as an investor there's going to be bigger or opportunities just as big as many in tech. for us, we're going to be the playing the dave kenneled play. i think these -- dividend play. i think investors that play this right going to be able to the generate tremendous decash flow because over the next decade, tech will probably not be the leader, in our opinion. stuart: in 30 seconds, can you tell me when you're going to get back in? >> i would say within the next six months. this fed is stopping raising rates because things are going to get worse over the next six months. there are several warning signs that are continuing to show and people ignore it. we're not going to ignore it. we will stay patient. we did not -- we don't have fomo to. but again, hats off to anyone that bought the bottom in tech, they did well. stuart: eddie ghabour, always a

pleasure. see you again real soon. thank you, sir. >> thank you, stuart. stuart: the white house seemed to dismiss biden's lagging poll numbers. watch this. >> obviously, we all here at the white house have seen -- [laughter] have seen the polling. i'm just saying we have to take them, as a general rule, we should take these polls with a brain of salt. stuart: whoa, okay -- grain of salt. that's kind of difficult. we'll get into it. house are republicans hold a news conference with the families of hostages held in gaza. florida congressman corey hills -- mills was there. what can be done for for hostage as who are held by terrorists? he's next. muck. ♪ ♪ ix choose t-mobile for business for 5g solutions. because t-mobile is helping power operations and experiences for hundreds of thousands of fans with reliable 5g connectivity. now's the time to accelerate your business. you can't buy great conversations

or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. ♪ (upbeat music) ♪ ( ♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪ ) constant contact. helping the small stand tall.

i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. (♪♪) my plaque psoriasis was so bad... i couldn't get my hair done.

my psoriasis was all over. then my joints started hurting, found out it was psoriatic arthritis. who knew they could be connected? for me, cosentyx works on both. 5 years and counting. did you know people with psoriasis on the scalp have a 4 times higher risk of developing psoriatic arthritis, which if left untreated can lead to permanent joint damage? cosentyx works on all of this and helps stop further joint damage. talk to your doctor. find something that works for you. serious allergic reactions. severe skin reactions that look like eczema and an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. cosentyx. still workin' for me. ♪see me♪ find relief that can last. ask your dermatologist about cosentyx.

♪ ♪ stuart: there have been at least 40 attacks on our troops in the mideast since mid-october. edward lawrence with us. edward, what's the white house doing about this, and what are they saying about it? >> reporter: yeah, stu, so far they're just warning the proxies, don't. now, the white house did or the administration did respond. there were two attacks by the u.s. on proxy groups, but that was about two weeks ago as the iranian approximate e sayses, those attacks keep happening. so on the iranian roxies, why isn't the -- proxies, why isn't the president's message of don't getting through to them? >> you'd have to talk to the proxies there. what i would tell you is they continue to attack american troops and facilities at their own peril, and we will, we will do what we need to do. the president will make decisions on his own terms and in his own way about better protecting those troops and

facilities. they continue to do this at their own peril. >> reporter: so while the u.s. continues to the warn in the 40 attacks by iran proxies, 46 americans have been injured and 1 died of a heart attack. republican ted cruz says this president is leading from weakness and gave iran all the money it needed to fund terror operations through oil prices. now, the foundation of defense for democracy said iran were to build 15 new militias recently, and that's in addition to its well known proxies in israel and lebanon. president biden says that the he supports israel and will give it what it needs do defend itself which now includes $320 the million for the precision-guided bombs. but the president continues to the pressure the us are reilly prime minister for -- israel prime minister for a longer humanitarian pause. stuart: congressman cory millses joins us now. you're on the armed services committee. has our response to attacks on

our troops been strong enough, do you think? >> they haven't been. but i also sit on the foreign affairs committee as a well, and i can tell you these iranian proxy militia ises, whether it is the iranny proxy militias of iraq and, you know, all of these things have been something we're aware of for the if last ten years. varney, look, in 2006 i was blown up in radside bombs in wag dad, iraq. these have existedded well before the soleimani days, and they still exist to in this day. this actual administration has done nothing to work with our partners whether it be the iraq national intelligence, whether it be our partners throughout syria, whether it be looking at supporting israel's defense and bolstering their approach. the idea is that you're trying to slow hem down in their approach to be able to the wipe out a terrorist organization like hamas and start holding our adversaries accountable like iran to put sanctions back on

them because they're making more revenue in oil than they have under the last three administrations. stuart: the counterargument, if i may make it, is that our restraint has stopped it being a much wide or war, and it's kept the price of oil down it's thousand about $77 a barrel. you buy that argument? >> i am buying that argument at all, and i can tell you right now if that was the actual argument yourself, you wouldn't have been seeing what we're seeing across the entire world with. the destabilization where russia fed 'em bonded to go into ukraine -- emboldened to go into ukraine, the continuing belt and road initiative, the idea of utilizing their type of efforts in the western hemisphere and economic coercion to advance the chinese agenda. look, this is continuing to be spiraling out of control. we had great things happening under president trump with the abraham a accords. you started seeing where saudi arabia was moralizing relationships with israel, and those -- normalizing relationships with israel. weakness invites aggression,

varney, and that's what we're seeing why hamas, hezbollah and others are not worried about the outcomes of what will happen when they do launch attack. stuart: you were among the republican leaders who held a press conference with the families of hostages held in gaza. roll that tape. >> in 30 days every day is like eternity to me, and i can't wait any longer because i know that he was shot. finish. >> this is a wake-up call not only for israel, not only for the jewish community, this is a wake-up call for all of you here, all of america, all of europe. you are next. stuart: congressman, biden, the president, he wants a 3-day pause to get the hostages out. wouldn't any kind of pause if help hamas? >> it would, indeed. and, look, hearing these families, you know, i'm a father, it's heart-wrenching. i can't even put myself into their shoes, you know? i spent a lot of my time

overseas and, unfortunately, no one wins in think war. you're always going to have collateral damage and civilian casualty it is on both sides. you know, the best thing is prevention and actually trying to get a peace through strength mechanism. but your exactly right, a continuation or a pause would be utilized for propaganda and misinformation that the israelis are actually being stifled, that maas is somehow winning. it would embolden a message for them the try to launch a counterattack but also potentially to the move the hostages. what the idf has done has been brilliant in encircling gaza which prevents things from coming in and out of the actual area while simultaneously hitting key strategic targets that are either weapons catch theys or part of -- caches or part of the tunnel systems. this is what they continue to do as they seek out intelligence and look at how they can go in and actually prevent these hostages from being maimed or heinously and barbarically murdered as they have in the past. stuart: congressman cory mills, thanks so much for joining us,

sir. >> varney, thank you. stuart yes, sir. the house censured rashida tlaib. lauren: she's only 26th member in history to be censured. 22 democrats voted that her comments are beneat the dignity of the office that she holds. watch. >> do you realize what it's like, mr. chair, percent people outside the chamber right now listening in agony to their own government dehumanizing them, to hear the president of the united states we helped elect dispute death tolls as we see video after video of dead children and parents under rubble. lauren and she calls it a shame that her colleagues are more focused on silencing her than they are on saving lives. as the death toll in gaza surpasses 10,000, she says. many of them have shown me that palestinian lives do not matter to them, but i do not police their rhetoric or actions. she's not being jailed, not

being fined, she's not being expelled or removes from think committees. this is symbolic. it is her colleagues saying this is our formal disapproval of what you say and the misinformation that you spread. it does not represent our values. stuart: she's brought anti-semitism to the middle of america's congress, and she's been censured, rightly so. check futures please. up 50 on the dow, fractional gains for the s&p and the nasdaq. we'll take you to wall street for the opening bell next. ♪ we could have had it all, rolling in the deep. ♪ you had my heart inside your hands ♪ 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. because advice worth listening to is advice worth talking about. ameriprise financial. so, you have diabetes, and your glucose is heading low. [ alert sound ] dexcom g7, the most accurate cgm, can alert you before you go too low. now, that's more peace of mind with dexcom g7. ♪ ♪

when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's yours free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you see, medicare covers only about 80% of your part b medical

expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money, and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, emergency care, and more. you can keep the doctors you have now, ones you know and trust, with no referrals needed. plus, you can get medical care anywhere in the country, even when you're traveling! with humana, you get a competitive monthly premium, and personalized service, from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money! so how do you find the plan that's right for you? one that fits your needs and your budget? call humana now at the number on your screen for this free guide. it's just

one of the ways that humana is making healthcare simpler. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. stuart: heading toward the opening bill, i see a little wit of green, and -- a little bit of green, and look who's here. okay, shah ghailani, why don't you trust this rally? >> i think we have to the get past the treasury issuance on how gargantuan it is and to see investors grab what the treasury has to to sell. for instance, today there's $236 billion being auctioned in bills, anded the today we've got with, i think, $40 billion in

10-year. so if investors buy e that the up and i'm also talking about retail investors who can buy on treasury direct.gov, hen the i think we have a clearance for the market to go higher. but if rates are stuck, we can't see rates come lower, that means that investors aren't sure about anything in terms of the future, and i think the market's going to be stuck here. but, yeah, i think we have a lot to worry about. we have headwinds, but we also have clearing for a year-end rally. that's there too. stuart: some people missed this big tech rally of the past couple of weeks. they just missed it because they were maybe frightened of getting into it. did to you miss it? >> no, we've been buying -- i've been bullish since, i think -- we didn't call the bottom in march, but come june rah realized this was the first leg of a new bull market. so we got into a lot of positions, we got in gingerly,

buying maybe quarter, half positions of the stuff we want to get including obviously, big tech. to is so we didn't catch the whole rally, but we caught enough of it. we're positioning ourselves into year en, and i think with if we can see the treasury issuance be welcomed, then i think bond markets will prove that rates can come down in this environment, and that's going to be bullish for stocks into the year end. so we're playing that by buying call spreads on benchmarks like the s&p, like the iwm as far as the russell which has been grossly oversold. so we're looking for a year-end rally, and i hope we get it because we're positioned for one. stuart: all depends how much debt they can sell and what kind of price this week. good story. shah ghailani, thanks very much, indeed. looks like we're going to open ever so slightly higher pretty much across the board, continuing the rally that we've seen recently. here we go. we're off, we're running, the hand comes down. the dow industrials opening with a gain of close to 50 points, 48 to be precise.

when we get all those dow 30 stockses open, we'll show you what we're doing, but the dow is up 50 points in the early going, and most of the dow industrials are in the green. their going up -- they're going up. the s&p 500 also slightly higher at the opening bell, .17%. i want to see the nasdaq. that's where the big gains have been. we're up again .15%. lauren: up nine days in a row. longest winning streak in two years. stuart: i'm glad you're there to correct me ask and finish out my sentences -- lauren: i'm not correcting, i'm adding. stuart: microsoft is up again, apple, 182. meta, 319. it's up now. amazon, 142. look, microsoft is creeping up on apple as the world's most valuable company. on the screen this morning, microsoft up again, apple's up a little bit. by my calculations, they're now about $10-12 billion apart. lauren: that's nothing when you're looking at companies of this size. this is all about the fall of

apple. do you remember late july, they were the first company in the world to reach that $3 trillion valuation. they haven't been able to the keep it because their expansion into other markets, their growth in china has slowed in addition to here in the u.s. what is microsoft? the early leader many artificial intelligence, and that is boosting them up. they are $4 away from an all-time high. apple's about $14 away -- stuart: microsoft is, if it closes at 3461.88 -- 361.88, that is the new all-time -- lauren: okay. i was looking at intraday. stuart: microsoft led with cloud, now they're leading with a.i. two huge trends and that's why they're up so much. wonderful company. fine investment. lauren: but will hay be the most valuable company in the world come tomorrow? stuart: by the edge of the day? who knows. i hoper. row blocks, higher this morning -- roblox higher to the tune of 17%. lauren: yes, yes, yes, but the loss was smaller than expected because they're not spending as

much money. let's focus on the good news. this quarter included this summer. kids are at home during the summer, less schoolwork, more time to do stuff. so their daily active users surged by 20% to top $70 million. hay have the customers, they have the content. stuart: up 17, got it. big drop for ebay, hay reported early -- was it yesterday, i think. they're down 6%. what did they do wrong? lauren: europe. overseas is nearly half of their revenue, and they're sounding the alarm. another company to sound the alarm on a weakened consumer over the all-important holiday season. yes, that weaker consumer is in the u.s., but it's also in the u.k., it's also many germany. i do want to bring out a positive. obviously, a.i. is being used by ebay too. they're writing some of the product descriptions, and that business for them is off to a strong start. stuart: got it. ev maker rivian. they've been struggling recently. how was their report? lauren: i think the tide has

turned. it was a good report because they narrowed their quarterly loss yet they're still losing money making electric vehicles, but now only $31,000 per ev instead e of $3 3,000. and then they're doing what nobody else is doing, they're increasing their production target for the year to 54,000 vehicles. is they're cranking up while ford and general motors are cutting down on their annual ev production. stuart: they lose $31,000 per car sold? 31,000? but they're high-end electrics, aren't they? lauren: start at $75,000, i believe, and i do not think they have ever cut the price of their evs, and i've been seeing more rivians on the road. stuart: so have i. lauren they're cool. it's like a walking. stuart: disney reports after the bell. the prompter says, what are we expecting? no, no, what are you expecting? lauren: i'm looking at two metrics, their theme barks and disney+, their streaming, because hose are the two units that are, a, popular, and b,

where they have raised prices. also any comment on a spin-off of perhaps espn or a tvs asset, but then you've got to remember bob iger is a genius. he brought in the cfo of pepsi, hugh johnson. johnson battled nelson peltz and the activist investor calling for a break-up of pepsi when he was there. can he do the same at disney? because pelts is malled that you look at diss -- mad, that you look at disney's stock rice to for the year, he wants to get more out of this company. stuart: listen to the call this afternoon to see what they're going to do with espn. i think that's a a key factor. and then we've got, wait a second, is this right? amazon cut the price of its one medical. it was 1.99 a year. who cuts the price of medical care? lauren: can i can ask you a

question, have you ever heard of one medicalsome this is a company that amazon bought last year. no one talks about it. i know tons of people that order everything on their prime subscription, and no one has ever said, oh, i had a telehealth with the doctor on amazon last might. no. so there's no demand there, or so it seems, so amazon cut the price from 199 to the $99. it's an a extra that $9 a month to your prime subscription, and you get access to health care. amazon continually is pushing into health care, i think that entry has been shaky. stuart: you say access to the health care -- lauren: telehealth with a doctor or pull your medical records are, all sorts of things. but is that worth $9 a month? stuart: to me, it would be. lauren: oh. stuart: but i've got a good doctor. a few companies have lored their to forecasts in their -- robin hollywood, for example. lauren: trading activity slows, i don't have to tell you that. if you look at their monthly

active users, down 16%, but the number is half of what it was at the high of the pandemic e. and, yes, they are still unprofitable, so that's a direct hit. stuart: trouble in dating land. bumble, not a good forecast, right? lauren: down 2%. tough week. they cut their fourth quarter revenue forecast. goldman sachs out cut their price target. they mentioned the middle east, less advertiser spending on bumble and also student debt repayment, that means less subscriber spending on bumble. stuart: what's with totes? i thought that was a restaurant chain. lauren: it's a restaurant software company. they lowered the upper range of their fourth quarter forecast. the fourth quarter quarter is the holidays when restaurants are typically busy. stuart: okay, thanks. coming up, this is extraordinary, a café owner in new york city was left short staff thed at after all of his baristas quit over his support of israel. that café owner is here to share the story.

i'm told that the customers are now around the block. there's a 7,000-strong migrant caravan heading towards the border. what happens when they get here? tom homan will spell if it out. where do they go? look at this, an op-ed, the real reason one of america's wealthiest men left a blue state for a red one. steve moore wrote it. jeff bezos moved from seattle to miami. why did dehe move? -- did he move? come on, can't you guess? ♪ ♪

♪ 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. ♪ ♪ as time went on it was easy to seee. ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection,

ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪ ♪ the little pill with a big story to tell. ♪

stuart: all right. 11 minutes, 12 minutes into the market trading day, and the dow's up 690, the nasdaq's -- 60, the nasdaq's up 22. how many days in a row in. lauren: for the nasdaq, 9.

for the s&p, 8. stuart: and the dowsome. lauren: i want to say 8 off the top of my head. but for the nasdaq and s&p 500, we haven't seen long of a winning stretch for two years. i think bulls are betting on the doves. that's what's going on. stuart: this for you. "u.s. news & world report" put out etc. list of the best cities in which to retire. naples has to be top of the list. lauren: you've got to go all the way to 28th. stuart: impossible. lauren: this is the top ten. there's only one city in florida there, daytona beach at number 8. this is all pennsylvania. harris harrisburg, pennsylvania, is the best city to retire, the capital, in pennsylvania? the grounds, affordability. if you look at the median monthly mortgage payment in harrisburg or, it's under $1,000 a month. and i think of why i go to pennsylvania frequently. they have ski mountain, water parks. i don't think senior citizens are going to the water parks,

but maybe with the kids. they have things to do and it's affordable. and it's a close drive to new york city. philadelphia, you want to go to a? stuart: i want to go to maples florida. you only need $100 million to retire there. lauren: i'm very very close. stuart: we do have a housing problem, so madison alworth, she's in florida for us. madison, i believe you're at the house of a seller who's doing something different to bring attention to her house. what is she doing? >> reporter: she is, stuart. so she's actually listing how much she makes on airbnb renting out this property on that platform for the year to attract the investor-buyer. this is a four bedroom in miami. she says she makes $138,000 a year renting it out, and she's hoping that will help sell the house. she has included that in the description and priced the property so that it attracts instead of the family, it attracts the investor or developer, because she says with interest rates rising and home

prices remaining high, has the type of buyer she's hearing from. single families are struggling to buy the single family home. instead, they're pursuing representing them. >> most of the people, they are developers or investors from out of miami, argentina, missouri. and the family -- new york. and the families that are buying, they are looking the investor or developer is -- [inaudible] but not for living here as a family. you're putting investor to make your up money. >> reporter: so this comes at the same time that we're seeing pe get into the airbnb says, private equity purchasing a dozen single family homes many fort lauderdale as a pilot program. they say they started the pilot program two years ago as part of their longstanding thematic focus on leisure. at this point, they've paused buying. they're waiting to see how things go. if it goes well, they'll continue and maybe buy elsewhere. when we talked to monica for

this property here, she says she's only hearing from pe firms, from investors and developers, part of the reason being the property, again four bedrooms, is priced at $1.9 million. so to aboard that or a mortgage on that, makes sense that it's hard for a single family. but that's the kind of prices you're seeing in florida this -- these days. stuart: well said. all right. look at this op-ed. the real reason one of america's wealthiest men left a blue state for a red one with. steve moore wrote it, and he's with me now. all right ors steve, this is jeff bezos reeving seattle, washington, for -- leaving seattle, washington, for miami, florida. and and i'm pretty sure it's because of taxes, am i right in. [laughter] >> i think you hit it spot on. and what's so interesting is, you know, look, he's probably, what, one of the five richest people in the world, wouldn't you say? and so his net worth, you ready for this? is estimated over $150 billion.

and and so he built his business in in seattle, and the story here is that washington state is still one of the nine states that doesn't have an income tax. so it's been a real spark to its, you know, the fact that it's become a real technology hub. it's where microsoft if was started, it was where starbucks was started, where amazon was started and so many other great companies. and i estimate that because seattle and washington state have reintroduced a 19% estate inheritance tax and a 6% capital gain requests tax, now they want to have a 1% annual wealth tax, that. jeff: bezos is going to save over a billion dollars a year, a billion dollars a year by moving from washington state to miami, from seattle to miami. amazing. stuart: well, steve, do you think that the political climate has made a difference? washington state is about as liberal as you can get and florida is not.

>> well, this has been the big story in america demographically, is the massive migration of millions of people every year out of these high-tax states. you're many in one of them right now in new york, new jersey, connecticut, my home ate of illinois -- state of illinois. obviously, california is losing, california may lose three or four congressional seats because they're losing so much population in the next census. so what was startling to me, by the way, stuart, was that other than "the wall street journal," none of the other news stories, not "the new york times," not ap, not "the washington post," none of them even mentioned taxes as a reason that jeff bezos was leaving. now, he had made a statement saying, well, my heart will always remain in seattle -- [laughter] but you know what's not going to remain in seattle? his e wallet. stuart: money. [laughter] i want to get in, steve. half of high school seniors say they will not apply to colleges that cost more than $40,000 a year. look, i think this is a good

sting thing, steve. costs are out of control, and it's time for people to react to that. >> i could not agree more. and, you know, i've always said that the biggest financial scandal and scam in america is how much these universities are charging american families. and about 90% of your viewers would agree with me on that.. we've seen tuitions -- when i was in college versus today which wasn't that long ago, 35 years ago, the cost of college has gone up tenfold. and so people can't afford it. they don't want to take out these massive loans and start their careers with over $100,000-150,000 in debt. it's a scam. we need consumers to be saying, no, we're not going to these high priced schools. but the problem is, stuart, that now the federal government's coming along and saying, oh, guess what? we're boeing to forgive your student loans. come on, that's ridiculous. stuart: it's a racket, that's what it is. stephen moore -- >> one last quick thing, my

ambition many life when i retire in five or six years is to move to alantown, pennsylvania -- allentown, pennsylvania. >> was that a joke? [laughter] stuart: what can we say? gotta go, steve. >> that's the dumbest thing i've ever seen. stuart: here's what's coming on the show later, there are 33 senate races, 435 house races next year. every single one of those elections you can expect the democrats to run hard on abortion rights. at this point, it's their only winning issue. that'll be my take, top of hour. the administration wants $14 billion for border security. what will that do to control immigration? mayorkass is testifying right now. he'll have to the answer the question, what does $14 billion do to control the border in we have a report for you next. ♪ tell me can you feel it? ♪ the heat is on, the heat is on. ♪ the heat is on, oh, it's on the street ♪

ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly.

j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat, all while controlling stress and emotional eating. at last, a diet pill that actually works.

go to golo.com to get yours. ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. (♪♪) my plaque psoriasis was so bad... i couldn't get my hair done. my psoriasis was all over. then my joints started hurting, found out it was psoriatic arthritis. who knew they could be connected?

for me, cosentyx works on both. 5 years and counting. did you know people with psoriasis on the scalp have a 4 times higher risk of developing psoriatic arthritis, which if left untreated can lead to permanent joint damage? cosentyx works on all of this and helps stop further joint damage. talk to your doctor. find something that works for you. serious allergic reactions. severe skin reactions that look like eczema and an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. cosentyx. still workin' for me. ♪see me♪ find relief that can last. ask your dermatologist about cosentyx. ♪ ♪ stuart: secretary alejandro mayorkas is testifying right now on capitol hill. senators want to know why $14 billion in border funding is part of biden's $106 billion

package of aid for israel and and ukraine. mike emmanuel with us. i guess the senate doesn't want border funding and israel and ukraine aid all bundled together, right. >> >> reporter: stu, good morning. many republicans would prefer to the vote on individual components of that proposal and not some massive bill. let's take a live look at the senate appropriations committee hearing room where the secretary of homeland security on the hot seat once again. alejandro mayorkas is trying to convince senators to accept the white house's request for $14 billion in border funding, a small part of the $106 billion supplemental funding request from the white house. here's mayorkas making his case moments ago. >> insuring the safe i and security of the -- safety and security can of the american people must be if more than just a talking point. we owe those who protect to our country better. we owe them the funding, resources and support needed to do hair dangerous and difficult -- their dangerous and difficult jobs. we owe them this supplemental funding package.

>> reporter: this comes as the southern border is, of course, overwhelmedded by migrants from across the globe. and while republicans want more security at the border, they argue the biden administration is just throwing money at the problem. >> democrats want to shovel money into sanctuary cities, new york and chicago. hay want to do direct payments to illegal immigrants once they get into the country. that does nothing to stop the flood of illegal immigrants, and it does nothing to stop the terrorism threats that continue to increase in our country. >> reporter: so, stu, this may not be a surprise to you, but both parties continue talking past one another on capitol hill. no end to the migrant crisis in sight. stu? stuart: thanks, mike. sill ahead, liz peek on the power of the abortion issue. some medical students may quit school because of burnout and debt. doc siegel on that. martha mcif call lumbar previews the debate tonight. the 10:00 hour is next. ♪ hold me closer, tiny dancer ♪

♪ count the headlights on the highway ♪ (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪

(♪) kevin! kevin? kevin? ooh, nice. kevin, where are you? kevin?!?!?.... hey, what's going on? i'm right here! i was busy cashbacking for the holidays with chase freedom unlimited.

i'm gonna cashback on a gingerbread house! oooh, it's got little people inside! and a snowglobe. oh, i wished i lived in there. you know i can't believe you lost another kevin. it's a holiday tradition! that it is! earn big time with chase freedom unlimited. how do you cashback? chase. make more of what's yours. ♪ let's give 'em something to the talk about. ♪ let's give 'em something to the talk about it ♪