stuart: let's give them something to talk about. new york city on a beautiful

day, as good as it gets. the mid 70s and no humidity. this is the weather we live for new york. 10:00 eastern, straight to the money. the dow is off 300, nasdaq off 264. in percentage terms, up 1.5%. 10 year treasury yield going down a little, 3.8%. the price of oil down to $70 a barrel. that suggests gas prices will be down more. bitcoin nowhere near 60 grand, back to 68,267. we got a read on the manufacturing sector which could move the market. lauren: manufacturing came in contraction 47.2, weaker than expected. the prices paid component which

is the inflationary component came in hotter than expected at 54. stuart: that is troubling the market. lauren: inflation is still -- stuart: weakness in manufacturing would suggest the fed would lower rates more. lauren: prices came in hotter than expected, 52 and change to 54. stuart: 350 now on the dow, 40 on the nasdaq composite. now this. new york city monday thousands of demonstrators ran through the streets to support hamas. some more masks. jews were harassed. a disgrace to the city. hamas just murdered six hostages including an american add these people came out in support. hamas murdered six hostages, israel is blame to. that's exactly what is happening.

the president comes out of a two week beach vacation and says netanyahu is not doing enough to free the hostages. has one word answer essentially supports hamas, a cease-fire gives hamas a big win. democrats urging kamala harris to rethink israel policy. they want a harris administration to halt israel's big to obliterate the tariffs. they see israel as the villain. they want to initiate a large number of muslim voters. domestic politics are more important. hamas takes hundreds of hostages. that is an outrage. they are brutalized. israelis get close to freedom, they should six and claim it is is relapse fault and they do it again if they try another rescue. with the election so closely anti-semites are returning to college campus, hamas supporters have the run of the street in new york and the administration pressures is real to vote easy on terrorists. from a jewish man on the

sidelines at hamas demonstration, role it. >> how long this is handled by president biden and kamala harris, will it change how you vote? >> i am a single policy voter. isn't kamala the one who said she sympathizes with the human emotion of these protesters? are you sympathizing with terrorism? where is president biden? has he made a speech about anything? america got shot in the head. where is the accountability? i don't get it anymore. i might be going off the lamb but you are crazy, your insane. look at schumer, they don't have a best. stuart: we will leave it right there. second hour of varney getting started. ♪

stuart: a group of pro-hamas protesters at the gates of columbia university where students need to enter, they are walking with signs come in chanting columbia, your hands are red, free palestine, no more war. jason chaffetz with me now. is biden effectively supporting hamas? >> he has been pro-hamas, the most pro-hamas pro-terrorist president we ever had. i thought we were united, we had an unbreakable bond, kamala harris and president biden stand for they go out of their way to make excuses, to praise these people, say they have a good point. that's what president biden said and kamala harris, where is the plan to victory? victory is peace and getting back our hostages and they have no plan to do that. stuart: we have legitimized the taking of hostages. >> i thought we didn't negotiate with terrorists.

instead of taking a hard stance and understanding that iran is behind this and bringing the fight to iran and holding people responsible. this administration doesn't do that. the difference between donald trump and kamala harris is as stark as they can be. stuart: i am going to change the subject. the trump/harris debate is a week away. illinois's governor warned democrats do not underestimate donald trump. roll tape. >> i don't think anybody should underestimate donald trump. he has won a couple of debates. he is is not to be underestimated. we shouldn't be thinking somehow kamala harris has a greater ability to win a debate than donald trump. they will come in as significant rivals with very different points of view and getting those points of view across and making sure you are not getting flummoxed by donald trump will be an important thing for kamala harris. stuart: i get the impression

they are trying to undercell harris so it looks good if she does well. >> i can't wait to see which kamala harris shows up, the one who has taken these policy positions or who knows what? she doesn't seem to have driving principles, she flip-flops on every issue, she's the most fake person i have ever seen run for the presidency of the united states. we don't know what she stands for. which one will show up with policies? without notes. stuart: you will stay with me for the entire hour. tell us what you really feel. let's get to the markets. clearly take a dip to the downside, the dow is 450 points, the nasdaq is down 278. a few moments ago we got figures on the industrial production. it contracted but prices paid came in hot and that is hurting

the market this morning. jason katz is with us to cover the markets. headline in the wall street journal americans are really bullish on stocks. not this morning apparently. that makes the rally continue but apparently not. >> there is reason to be bullish. we fat under -- uninterrupted rise of the last two years with the exception of two weeks ago when we had a dip. frankly it has been the institutional investor driving the market, from the standpoint of cash, $106 billion last month, then economy heading towards a soft landing, the fed on the precipice of cutting rates, all of that is constructive for equities. we are not without risks. stuart: what are the risks?

>> number one, that this landing is not soft. this is a tough needle to thread. as evidenced by what you said about prices paid, we are in a paradigm where bad news is now bad news. the fed comes in with half a cut would be construed as a sign of panic and markets could take a leg down. stuart: you say there is a big problem for the economy and the markets with a plan to tax unrealized capital gains. what is the big problem? >> that would be an unmitigated disaster. with steve forbes they start with that. when you have an ultrahigh network person, one hundred million dollars of amazon and goes to 150 million and tax 23%

and not 50 million, if in year 2, that one hundred 50 because amazon drops goes back to 100 million, to rebate the tax, it would be an accounting nightmare that would suck money out of the capital markets and this applies to real estate. are real estate owners going to liquidate real estate to pay for taxes. make no sense whatsoever. stuart: have i got the number right? that's an enormous amount of money. >> $100 billion more added to the pile once again. as the fed cuts rates, will that go back into the market? some of it will. they are going to the cyclical parts of a market that have been left behind. i've set on the show countless times for months on end that the money will be made in equal

weight, this trade is in its early early innings. what brought us to the party is not what's going to take us home. it the other constituents. stuart: thank you for joining us, the market is down 450 on the dow. lauren: it is down 8%. give them a street low-price target which is $119. boeing spends too much money and might have to spend more. 32,000 union workers could go on strike september 12th. they want a 40% wage increase over three years, it would be less cash. or they can hold production and not pay it. stuart: down 8%.

and they got an upgrade. and one of these issues when they change the pricing model with developers but despite all that they maintain 70% market share. stuart: supermarket. lauren: they delayed the release of the annual report, stock fell and they formed a committee to review internal controls and they do not anticipate material changes. when so many a i plays are down today. stuart: a report in politico, office real estate values are plunging in washington dc. almost five years after the pandemic. lawmakers are worried about this. lauren: they are worried about the country and the plunger in commercial real estate values

nationwide. some of these lawmakers admit some, if you are working from home since 2,020 are you coming back now four or five years later, a democrat from new york says excessive exposure to commercial real estate remains a ticking time bomb in the banking system. and interest rate cuts might ease the symptoms but will not cure the disease itself. extend and pretend candy leah crisis but can't make it magically disappear. real estate loans come to do this year. they finance higher rates. they don't have those big capital christians of large lenders. they went out okay 20% tax credit to support office buildings into housing. not every building can be converted and that takes time.

some lawmakers say this is a problem we need to do something with. stuart: will democrats give tax breaks to developers? interesting question. okay, thanks. coming up, two us marines ambushed in broad daylight by turkish nationalists over america's support of israel. we've got more of it for you. being held in captivity for 11 months, president biden is calling out benjamin netanyahu saying he didn't do enough for a hostage deal.

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stuart: the red ink persists, nasdaq is off close to 300 points. fresh off of a 3 day weekend, plenty of red ink on screens. president biden called out benjamin netanyahu after hamas noted six hostages. what is biden saying? >> reporter: the president says he is outraged by these recent executions but the administration is seeking peace in the middle east. the biggest headline is comments the president made on the south lawn in which he said the israeli prime minister is dragging on these peace negotiations. >> what makes you think this deal will be successful in a way the other deals cannot?

mister president, if you think it is time for prime minister benjamin netanyahu to do more on this issue do you think he's doing enough? blue >> president biden: know. >> the president met with his national security team including the vice president as the us and its allies are working to negotiate a final peace plan. democratic lawmakers telling fox the ideal has to be reached as soon as possible. >> people realize, a war in the middle east, it scares me to death. everybody has to be willing to work together. >> reporter: the murder of a 23-year-old american put the peace process back in the spotlight, the young man's parents were in the center of the dnc in chicago. they want to ensure their son's debt is not in vain, the president weighing in on his execution saying i worked tirelessly to bring him safely to them at heartbroken by the news of his death.

it is as tragic as it is reprehensible. wearying from donald trump who says it's the lack of american leadership he believes is responsible for the latest rounds of execution. we will see if president biden fires back. stuart: mark meredith, thanks. lieutenant enteral james carafanno, is biden supporting hamas? >> the reality is from day one of the crisis the united states policy was to outsource the fate of the hostages to hamas. hamas hasn't agreed 20 piece deals and they always go back to israel. the reality is from october 8th on the united states depended on hamas to ensure the safety and return of the hostages. hostages for over a year, the strategy was a disaster. stuart: why is hostagetaking now legitimate?

>> it is not. on october 7th taking hostages was an integral part of the plan. they deliberately took hundreds of hostages. that was such a red flag to the us how serious and dangerous this was an we treated it like whatever. to me, what is remarkable is not the aggressiveness of hamas but the response of the american elites and american media. when this happened under jimmy carter, in the 70s most american journalists were leftists. they were liberal. i knew these guys. when it came to the hostages in iran, pondered every day for a year, not only not focusing on this issue but the administration don't want to

talk about it but all the other media try to bury the issue and pretend it doesn't exist. stuart: i am sure you've seen this, the us seized maduro's personal plane in the american republic. the us is laying the groundwork for sanctions on this in response to maduro stealing the election. i'm inclined to ask what happened to the cia? back in the good old days they could have gotten rid of study like this and fix the problem but now we are stuck. we take thousands of people coming to america, criminals included, they won't go back, totally failed on venezuela. >> where the united states essentially outsourced to the bank robbers the security of the bank. we enabled venezuelans to do everything, what did they do? they used that to create the world's largest human trafficking network in the united states.

we should have let maduro keep the plane because what our policy should be is to get the guy to leave the country and live with his buddies. stuart: what do we do now? >> this, there are two -- if there are two foreign policy issues i think go 180. if the republican wins, one is iran. everything the middle east goes back to iran. if you don't have a tough iran policy you can't fix the middle east and we get more october 7ths. if you want a secure border and you want to secure the western hemisphere, venezuela is the test case for that. you've got to hamper that regime. if i were going to predict something those would be the two day one issues foreign policy would flip on its head. stuart: always appreciate it. over the weekend two us marines were attacked in western turkey. take us through what happened.

ashley: it happened on turkey's coast. two marines dressed in civilian clothes shouting for help after they were attacked by turkish nationalists. watch this. you can see a plastic bag over one of the marines. turkish officials say the attackers belong to a group called youth union of turkey who released a statement saying, quote, the youth union of turkey gave way, us soldiers who carry the blood of our soldiers and thousands of palestinians cannot dirty our country. when you step foot in these lands we will meet you the way you deserve. authorities arrested all 15 of the attackers. the marines, who were not injured, returned to their

ship, the uss wasp. this is strictly about israel and supporters of iran. just horrible. horrible. there were five other marines who tried to jump in and help. absolute mess. stuart: thanks very much indeed. we are being attacked all over the world and it reminds me of the situation in iran in the late 1970s. >> we been projecting power like jimmy carter did. the politics of appeasement has infected the democratic party, president biden and kamala harris. what they don't understand, what reagan understood, what donald trump understands is peace through strength works. if you carry the biggest stick on the block and are not afraid to use it things are a lot -- getting rid of bullies at your local school, it's true on the world stage. stuart: more for you still to come.

still out on this program former new york governor andrew cuomo will testify at a public hearing on his handling of the pandemic. lawmakers want to know why he forced to new york nursing homes to admit covid positive patients. a new study found people taking weight loss drugs were less likely to die from covid. doctor marc siegel on that. the doctor is next. with chase freedom unlimited, you can cashback 3% on dining including take-out. cashback on flapjacks, baby backs, or the tacos at the taco shack. nah, i'm working on my six pack. well, good luck with that. earn big with chase freedom unlimited with no annual fee. it's odd how in an instant things can transform. slipping out of balance into freefall.

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stuart: an hour's worth of business, nasdaq down 300 points, the dow was off 485, 1.1% and reading out there this morning. better start with nvidia. lauren: the chipmakers, many of them down 5% but don't have a catalyst aside from it was september, traditionally a rough month for the stock market coming out of a long weekend into a tough month. investors are rotating out of highflying companies that spend a lot of money chasing artificial intelligence. where are they rotating to? only two sectors are up today, staples and it was healthcare

that turned lower. stuart: oil companies on the downside. lauren: there is a report that livia will restart oil production adding more supply to the market and the deal is reportedly in it so prices go down. stuart: it is a copper company. stuart: goldman sachs cut their price forecast. $10,000 per ton. copper had seen so much demand in data centers, utilities upgrading but china is slowing down, the largest consumer, stock is down 7%. lauren: they sneeze and the world catches cold. stuart: people taking weight loss drugs like ozempic are less likely to die from covid 19.

>> that's the multibillion-dollar question. nova notice doing well, moving towards oral drugs, moving towards oral drugs. is the answer to your question. the word inflammation, the way these drugs work is decreased hunger in the brain and gastric epting from the stomach but also decrease insolent resistance and inflammation in the body. that helps the heart if your heart helps you get over covid 19 without that and the study you are referring to out of journal of the american college of cardiology, 17,600 people study, 30% decreased risk of dying from covid related complications if they were taking these drugs and these drugs don't only help with

covid but they help the heart remodel, kidney function, they do a lot and people are asking, i'm not overweight, should've a taking them anyway? the answer is not yet known. stuart: people say to me it works, you lose weight but what are the long-term effects? do we know the long-term effects? >> we don't know them, positive or negative except diabetics have been taking drugs like this for a decade and seem to be doing well. a long-term effect, seems to decrease your risk of alzheimer's which this could be our weekly alzheimer's segment but the other long-term issue, what is it doing to the g.i. tract, risks to some of these drugs, they are not free lunch. i am against beverly hills prescribing the goes on via

telemedicine, see if you can get them in a candy store. i'm against that. i want doctors in the loop but these are exciting treatments for doctors to describe. stuart: a study out of australia find high school students with severe depression are twice as likely to begin vape in tobacco. is this why so many teens are fading? because they are depressed? >> no question. that has to do with social media, isolation and doing what the other person in the room is doing thinking of aping is harmless, it's not harmless. it's the nicotine, it's a stimulant that is overcoming your depression but you are three times as likely to turn to tobacco if you start raping. we have a problem with anxiety and depression, turning to of aping as a way to feel more stimulant, same with adhd drugs, overuse of adderall.

stuart: that concludes our tuesday morning medical session. they will be more. the disgraced former new york governor andrew cuomo is going to testify about his handling of the covid pandemic. when is this going to happen? ashley: a week before today before subcommittee on the pandemic. the former governor of new york will explain why he stopped nursing homes rejecting patients who tested positive for covid. cuomo insists his policy is consistent with guidance from the centers for medicare and medicaid services and the cdc but critics claim it caused the deaths of thousands of nursing home residents, an investigation showed undercounted by 50% or 4000 people. cuomo testified in june behind closed doors, some cavity members accused the former governor of being, quote, shockingly callous when discussing new york's nursing

home mortality rate. the former governor is firing back with a statement saying new york has been a prime political target but despite the master class, the committee continued to engage in political attacks blaming new york for nursing home deaths despite the fact new york was following guidance from trump's cdc and cms. the american people deserve the truth, these partisan political games must stop because this is a matter of life and death. he was behind a lot of death has critics will tell you. stuart: thanks. coming up. a ban on the lawn musk's x is upheld in brazil, some democrats are celebrating. until could soon be removed from the dow 30 and leading technical analyst is seeing bright spots. we will speak to that analyst right after this.

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stuart: brazil's supreme court upheld a ban on the lawn musk's x blocking access to tens of millions of users. grady trimble has the story. what is musk's response to the ban? >> is not happy with the court's ruling and that's putting it mildly. musk has fired off several posts on the platform since the country's top judge band x and its high court upheld that been. musk says three -- free-speech is the bedrock of a lot democracy and a pseudo-judge in

brazil is destroying it for political purposes which musk also suggested he should be impeached and even locked up for imposing the ban. brazil's highest court ordered the country's outcome regulator to shut down x accusing the company of violating court orders and allowing hate >> misinformation to spread online. any individual using a virtual private network to get around the ban could face a fine of $9,000. this band will remain in place until x appoints a legal representative to work with country's government and number 2, pays millions of dollars in fines. several republican lawmakers spoke out against the ban but some democrats are praising it. minnesota attorney general keith ellison posted on x with no context thank you in portuguese, brazil, prompting musk to say the democratic

party wants to destroy the first amendment. the x ban is the latest in a series of what conservatives argue our affronts to free speech. last week the owner of the social media platform was arrested in france for allowing illegal content on the platform and meta founder mark zuckerberg admitted to censoring content, under pressure by the biden harris administration. stuart: this all seems political to me. >> the democratic party of old, the liberals were the ones that champion the free-speech. now they have morphed into the party of censorship and control and making sure people aren't allowed to do anything other than push the political narrative that fits the democrats. they are so far away from the first amendment republicans and democrats should be united in pushing back against the largest country in south america that don't allow

free-speech via x, elon musk is exactly right. stuart: the left detests elon musk because he took over twitter and replaced -- >> elon musk exposed the collusion between the government and these subversives that wanted a political narrative and exposed that and democrats can't stand it because they are about control, not free-speech. stuart: today, intel launches the next generation laptop chips. the market doesn't think much, 6%. a leading tech analyst joins me now. what is supposed to be so good about these chips? >> gpu made a historic moment for ai in the data center. neural processing unit created an important moment, what intel has been leasing. one difference between nvidia's

data center, intel, the number of competitors we see. we see many competitors on the pc market. what intel is up against as they defend their territory. stuart: is that the story, intel will have a hard time making it with these new chips and that's why stock is down 6%? >> until will have its work cut out for them. a the has always been a strong x 86 competitor rendering with qualcomm, a lot of competitors coming on the market in the next six months. stuart: intel may be coming out of your dow 30? expect that? >> until will come out of the dow 30 because of a weakness in the data center, they used to own the cbo market.

amd has eaten their lunch on cpus, then you have nvidia's strength. until needs to focus on one or two segments. we away from intel as a stock because they are in so many segments. stuart: the news is grim i intel but thanks for joining us. always appreciate you being here. thousands of pro-hamas protesters flooded the streets of new york city. students at columbia university on high alert as protesters returned to campus. brian kilmeade on all of that next.

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stuart: we have a ton of red ink, dollars off 500 points, nasdaq is down 400. big losses all around. in percentage terms a selloff in your hands and that is what we've got. it's almost 10:51, time for brian kill laid who miraculously appears on your screen. hamas murdered six hostages including an american, president biden put pressure on benjamin netanyahu as if it is his fault, israel's getting of the blame and it should be hamas.

>> if they do acquiesce and cease fire conditions get better for hamas by killing hostages. you're going to kill more hostages. imagine if the administration did not tell them not going to offer six months ago. how to implement the war, which started this whole operation to begin with. imagine that, it would be a different story. the president did make a speech and said benjamin netanyahu, he said as going down a woke line when asked by a random reporters do you think benjamin netanyahu was doing enough, he said no. that is policy. they rippled into the tunnels of gaza and hamas put out a statement saying even america

is against benjamin netanyahu, helps to from and the unrest in new york city as well as the unrest in tel aviv. stuart: students returned to class today at columbia university and as of right now 70 pro-hamas protesters at the gates of the school. they have to go through that to get to class. the anti-semitism in new york city is a disgrace. you agree with me on this? >> i do. who will step up and do something? don't know if it should be the speaker from louisiana or chuck schumer, the highest ranking jewish politician in american history who represents new york, go down there with a bullhorn and say how dare you just committed against a religion. if you don't like policy, you're willing to endue it in a peaceful way, but that hamas flag, should not be allowed in this city yet it is everywhere. as trey yingst told me these idiots are holding the saudi

flag and didn't realize it and the palestinian movement who know nothing about. stuart: this is about domestic politics, isn't it? the democrats have to win michigan. so they appear to be anti-israel. that's ridiculous. >> if you have to give up all your value, pushing certain things and not others, i get it but when you talk about what is it like supporting your ally in a time of war, that should be a bridge too far. a category that matters a lot of people, that figures into it. do the things even if it is unpopular and more people don't have the bullhorns or posters and don't have the old tag. aren't getting paid by outside companies. they are going to work every day and are outraged by the anti-semitism and understand what it's like to fight against an enemy, such cowards they build tunnels and allow innocent people to take the

blame at the punishment, that's hamas. stuart: dead right. thanks for joining us this morning, you are right on. what is your reaction to these pro-hamas protests? >> reporter: where is senator chuck schumer, the most powerful person in the senate? this is his closest rate and he is dead silent. kamala harris hasn't changed her principles at all. i believe her. where is she on this issue? she gives lip service? where is her leadership on this? this is not something that is brand-new. it's been lingering get for a long time. stuart: let them put pressure on hamas, they never say release the hostages, get on with it. >> we continue to give them aid. as long as you have a hostage, you get no more aid, everything to support and take him down. this is a terrorist organization and they are performing that type of terrorism on the streets of new

york and other cities by making sure people live in fear. stuart: thanks very much for being here. appreciate it. jimmy failla, dei isn't working after they say it works, charles payne on older workers creating career gridlock for young workers by refusing to retire. tomi lahren on kamala harris widening her support among women. how does trump turn that around? the 11:00 hour is next. ♪ ♪

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