biden-harris administration, that we have seen so much terrorism not only overseas, but in our own country. maria: terrible. trisha. >> amen. i'm on the lookout for not only the jobs report, but also september 6th, the the early ballot toes in north carolina are going out and september 10th, orb of course, the debate. donald trump, policy, policy, policy, policy. kamala harris at the cnn interview, if it was any indication, she will self-implode. don't take the personal if attack bait that abc will try and feed you. maria: you would think if he sticks to policy, he wins the argument. >> absolutely. 100%. maria: all right, thanks, everybody. thanks for being here, "varney & company" picks it up. stu, take it away. stuart: good morning, maria. good morning, everyone. this is the day after the big selloff and, yes, some limited selling continues. we're going to the start with nvidia. the value dropped around $279 billion yesterday alone. the news is that the government has launched an antitrust

investigation. nvidia's dominant position in a.i. is the problem. the stock's down again premarket down a buck at $106. we'll be looking for any bounce today. we're seeing more red ink across the board actually. tuesday the dow dropped 1.55%, right now it's down another 56 points. the s&p was down 2.1%, down again this morning 16 points. thing big losses came -- the big losses came down yesterday on the nasdaq, down 3.3%. it was a chip wreck, as they say. this morning premarket down another 100 topoints, that is about a half percentage point. so there's some selling. yesterday's slide start is thed with clear signs of a slowing economy. these days bad news for the economy seems to be bad news for the market. other market, bitcoin, for example, that's down to $56,000 per coin. interest rates staying well below 4% on the treasuries. do 10-year though the yield up to to the 3.83%.

the 2-year at a3 .86%. so again, the 22-year yield withs just -- 22- year just lightly above the 10-year. the price of oil is down to $70 a barrel. it was 69 a little earlier this morning. the steady decline in gas prices, well, that continues. there's good news. $3.411 for regular and there are now 9 states in the south where the price is below $3 a gallon. no change for diesel at $3.68. at 10 eastern this morning we get the jolts report, the number of current job openings. that could move the market. and so could friday's unemployment if report. we'll see if bad news for the economy is bad news for the markets. let's get to politics. a big announcement today coming from kamala harris. she wants up to $50,000 in tax credits for small business start-ups. donald trump currently leads in the policy on the economy. harris wants to reverse that with our opportunity economy.

we'll hear from trump tonight when he sits down with sean hannity, 9 p.m. eastern on fox news. on the show today, the pro-hamas crowd returns to college campuses. at columbia, jewish students have been harassed, buildings defaced. this is not like the campus turmoil of the 1960s when the vietnam war was the issue. in 2024s the anti-semitism writ large. it's wednesday, september 14th, 2024. "varney & company" is about to begin. ♪ ♪ baby, you can drive my car ♪ stuart: that's a good start to the morning, the beatles. that song, amazingly, is over 50 years old. lauren: old i think but goody. [laughter] stuart: well, let's get to the markets. we have to start with nvidia. they've been slapped with

subpoenas from the justice department. this is an antitrust invest. taylor riggs with me this morning. why are they going after a nvidia? >> they are basically seeing if it makes it harder for supply suppliers to switch chipses and how nvidia prioritizes which customers get the chips and if they're penalized if they don't exclusive hi work with nvidia. remember, this is the sort of an escalation from the doj. earlier, back in june, it was a questionnaire. this time this report we're hearing is something a little bit more formal, signaling that a full launch could be imminent very soon. i think what's interesting is back in june we did hear from the ceo of nvidia, yen seven wang, and he said, look, we do priority -- jensen huang. we give them to customers who have data centers ready to go. that prevents hoarding of chips. so he has been very clear about how he prioritizes the customer. stuart: and the justice department thinks otherwise. >> they don't like it. and they don't like that maybe

there's a difference in the way that a nvidia treats customers who don't use exclusively their chips. stuart: okay it's a negative for the stock. it's reacted negatively, and it's down again this morning 1.4%, you're at $106 -- >> and you were off 7.55% yesterday, so you're nearing a 10% correction within two days. stuart: i want see if there's any bounce, any dip buyers at this point. we'll have to wait and see. thanks, taylor. you're with me for the hour. all right, look at futures overall. still some red ink, dow off 50, nasdaq -- i'm sorry, the s&p is down 17 points. the nasdaq, that's the loser here, again, it's down 107 points. half a percent. eddie ghabour with me this morning. a selloff to start september. are we going to get a bounceback like we did in august, eddiety? >> ultimately, but i think more than like it's going to be postelection for any type of sizable bounce. and this is exactly why we

wanted to come into the month of september with a really high cash position, and we sold more last week. the month of september setup, we have a lot of economic data that's coming out in the next two weeks. that could show things slowing at a faster pace. the presidential debate, i think, is going to move the market as well too. and then we've got the fed. if the fed makes what we are perceiving as higher cuts or because of the fact the economy is slowing faster, that will be negative for the market, in my opinion. i'd rather see a 25 basis point cut and the fed saying things are fine. and the and lastly, the thing i'm most concerned about is bank of japan. last time they raised rates, we saw what happened in the beginning of august. so we're staying very cautious until we get through these headwinds, but we may see some opportunity this month. stuart: we're looking at this jolts report, unfilled job vacancies, at 10:00 eastern this morning and the jobs report 8:30

eastern friday morning. if we we get news that the market, that the economy is slowing from those two jobs reports, is that bad for the market? >>s it is. i think we're in a scenario now where bad news is going to be bad news for the market and good news will be good news. you've got -- the tech trade is telling you everything we didn't know right now, and i think that's why you're seeing the volatility there. again, i think you need to be patient here because we're going to see a lot of volatility here, but i do think the setup could be similar. you can buy in the october time period heading into the election and hope for that november-december bounce. and, of course, anything can change, but right now that is how we are set up for our clients and staying extremely activity here -- active here. stuart: all right. eddie ghabour, thank you very much, indeed. we'll see you again soon, i'm sure. >> thank you, stuart. stuart: i want you to listen to the president, biden, praising his own handling of the economy. roll it. >> we had one of the most extraordinary the periods of

progress ever in the history of this country. covid no longer controls our lives, we've gone from economic crisis to the strongest economy in the world literally. a record 16 million new jobs, record small business growth, record stock market, record high 401(k)s, wages are up, inflation's down, way down and continuing to come down. and the smallest racial wealth gap in 20 years. stuart: mary katharine ham joins maine mary katherine, his numbers, they're just not right. they're plain wrong, actually. meanwhile, harris outlines her opportunity economy. can she make the economy a winning issue for her? >> well, can you feel the progress? [laughter] it doesn't feel like progress to a lot of americans. stuart: fair enough. >> that is the problem this ticket is running into. the best magic trick that harris has is to pretend that she wasn't part of this administration, right? because people aren't happy with the economic results that that trillions of dollars dumped into the economy brought which is

this incredible inflation and the way they can't afford groceries or buy new homes, right? so she's trying to separate herself from him. he's messing up her message because she wants to the say -- he wants to the say i did a good job, and she has to say things are bad right now, turn the page to me, right? the problem is she was on the trail yesterday with biden. so if biden insists on saying, yes, the economy's great, i'm doing a great job, that is going to the mess with her message pretty good. and trump has had a solid lead on the economy and inflation in polling and immigration as well, the top three issues, despite other weaknesses he has. he has strength on those issues. she has gained ground though, and to the education tent he has, it's because she's telling this fiction about a she's this change candidate and she can be a new version even though she was literally in the biden-harris administration. stuart: we've got what sounds and looks like a case of political bias, streakily enough. listen to amazon's alexa when

asked separately about trump and harris. >> why should i vote for donald trump? >> i cannot promote content that sports a political party or specific politician. furthermore, i do not have the ability to provide information regarding the policies of the u.s. government. >> iowa hex saw, why should i vote for kamala harris? if. >> well, there are many reasons to vote for kamala harris. the most significant may be that she is a female of color with a comprehensive plan to address racial injustice and inequality throughout the country. [laughter] stuart: well, how about that? amazon says they've fixed that, but why does the bias always seems to favor democrats and not republicans? >> yeah. i think that's the takeaway, is that every time this happens, the mistake and the oversight seems to go one direction. you shouldn't be surprised to see this from any sort of a.i. or technology.

we've seen it many, many times when people put prompts into a.i., oh, if you ask it to say something accurate or positive about republican, oh, we can't do that. and if it's to the left, it's happy to the tell you all the things. i don't think you should ask alexa who to vote for anyway, you should do that on your own. [laughter] but the fact that we're not getting even distribution of information is a real built-in problem in our society, and i'm glad people are bringing attention to it. frankly, and this is a technical term or, it's trashy to treat your customers like this and not give them a faired -- fair, balanced situation. stuart: fair new. mary katharine ham, see you again soon. coming up, kamala hearst facing scrutiny over the her border policy flip-flop,. >> when the democratic candidates were asked do you support decriminalizing border crossings -- >> you got, like, a half a second to think about it. stuart: has her border position

actually changed? border expert tom homan answers that one. harris is set to roll out a proposal for a $50,000 tax credit for new small business start-ups, massively expanding the current $5,000 deduction. she's trying to position herself as better for business. will voters see it that way? rnc chair michael whatley tax it on next. ♪ well, good for you, you look happy and healthy. ♪ not me, if you ever cared to ask. ♪ good for me, you're doing great out there without me, baby. ♪ god, i wish i could do that ♪ ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected.

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stuart:s it is the day after the big selloff, and there's a bit more selling this morning. down 50 on the dow, look at the

nasdaq. took it on the chin yesterday, down another 112 points this morning. that's premarket. again, don't know how we're going to close. later today kamala harris will lay out her plan if for small business tax relief. edward lawrence with me. what do we kno if ability this plan so far? >> reporter: as you said, this is going to focus on small businesses laterred today. she's going to ask to cap or expand the start-up deductions for small businesses from $5,000 to $50,000. it seems like a nod to the fact that it's more expensive to start a business with the average costs at $40,000. the vice president also wants to cut red tape for occupational licenses to make it easier to expand across state lines. she will pressure states to also reduce regulations. all of this from a campaign official speaking anonymously because the the plan has not been officially unveiled. >> when i am presidenting, we will continue to -- president, we will continue to to build what i call an opportunity economy. so that every american has anen

opportunity -- an opportunity to own a home, to start a business, to build intergenerational wealth for their families. [applause] we fight for a future where every senior can retire with dignity. >> reporter: so small family businesses like farmers say the damage is already done by the biden-harris administration with increased regulations and kohs. costs. >> so we talk about overregulation. dairy farms are one of the most highly regulated industries. inflation, of course, has been a big issue, and that's been a big challenge for farmers. and then the other thing is when the american people are not doing well, they can't spend as much money on our products. >> reporter: so, in fact, the american action forum found that the biden-harris administration added more than 850 rules that cost $1.4 trillion over the past three and a half years to to deal with. in addition, the american action

forum said the regulations added more than 267 million paperwork hours. the vice president needs to turn the tide and opinion on the economy in order to win this election. stu? stuart: edward, thank you. rnc chair michael whatley join me now. thanks for coming on the show. what do you think of the hearst plan to increase the small business tax break to $50,000? i've got to to say, it seems like a good idea to me and moves harris more to the center politically. what do you say? >> well, we are all for tax cuts in pretty much any form that you're going to take a look at, you've got to remember that kamala harris' signature tax issue is that the she is going to let the trump tax cuts expire. she is going to to give us the largest tax increase in the history of america. those tax cuts, which were tremendously beneficial for everybody down the ladder, everybody in every class, was getting benefits out of them, and we need those tax cuts to be

extended. president trump has also said he's going to no tax on tips which kamala harris is now copying, and he also said that he's going to have no tax on senior care and assisted living. so there's a lot to unpack in terms of kamala harris, but what we do know is that she cast the tie-breaking votes on $2.5 trillion worth of unnecessary federal spending which unleashed inflation which have raised grocery prices, gasoline prices and housing prices through the roof. stuart: yep. >> she has also fought every single instance of trying to extend these tax cuts for the president. so -- stuart: i just want to press the point -- >> -- walk back all of that right now. stuart: i just want to press the point when a political ca candidate comes up with what i think is a good idea, i have to call it a good idea. and a $50,000 tax cut -- not tax cut, but a tax credit -- for small businesses coupled with less red tape, i've got to say

that is a good idea regardless of her other ideas. >> that may be a good idea. it's hard to see how he's going to the -- she's going to to move forward with it, and she certainly is not going to reduce red tape. we've already heard how much red tape he and president biden have put in place -- she and president biden have put in place. her administration has been the worst for small businesses and americans across the family. they inherited 1.4% inflation, took it to 9%, and now they're bragging about 3%. but the aggregate for americans over the course of the last four years has been devastating on every single family. stuart: politico reports the republicans are starting to passenger about the fund raising gap9 with the -- panic about the fund raising gap with the democrats. how are you going to close the gap? >> the democrats are always going to have a ton of i money. they have always had a ton of money. that that's okay. what we're going to do is take the money we're raising, we certainly have enough to be able to get our message out to every

american voter. with we have a better messenger with president trump, and we have a better message because he is the only candidate right now trying to unify this country to restore the southern border, rebuild our economy and ensure that we are strong enough to protect our interests at home and abroad. stuart: quickly on this, you're suing the north carolina elections board for allegedly allowing noncitizens to vote. is this all about voter id? >> no. actually, there's a couple different things in there. first off, we do want voter id. very glad that we have that now in north carolina. we're trying to make sure we have it in every single state. but we also want to make sure only american citizens can vote. it is a matter of federal law right now that only federal citizens can vote. we need the states to everyone force it -- enforce it. and that's what we're trying to push in multiple states including in north carolina. stuart: michael whatley, rnc chair, thanks for joining us. see you again soon. >> yes, sir, thank you. stuart: you got i. new data shows pay for some blue collar jobs is falling.

which jobs, by how much and why is pay falling? if. >> all right. three questions in one. stuart: yes. >> retail jobs falling by 56%. agriculture wages down 25%. manufacturing down almost 17%. transportation down 14%. why? if in my opinion, a normalization or cooling of this labor market. remember when there were with two job openings for every one of me? i would go to my employers and say, you know what? i want a 20% raise if you want me to come to you. those times have changed a little bit, right? now i don't have as much power as the employee, so i'm getting a little bit of a pay create do -- pay cut, you're starting to see that. stuart: retail, manufacturing, agriculture, transportation down. not used to hearing that. thanks, taylor. a wick check of the market in advance -- quick check of the market in advance of the opening bell, nasdaq down 117. the opening bell is next. ♪ ♪

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stuart: there's still some red on your screen but now the dow industrials. off 1.5% yesterday, up 4 points in the early -- well, before the market opens this morning. that's .001% -- .011%. the nasdaq down 1366, almost three-quarters of 1%. 136. show me nvidia, please. 7% down yesterday. >>. 75% yesterday. -- 7.5% yesterday. stuart let's bring in mike lee who is a super bull. all right, mike lee, is this a big enough dip for you to the buy? >> oh, absolutely. absolutely. and if you're fully invested in nvidia, you're at your position limit, you just need to ride this wave. nothing fundamental in this company has changed. but we're down 23% from the high, so i think the hype around

a nvidia is somewhat evaporated, but if you're a long-term investor or you're worried about bubbles, that on, you know, in the long run is a good thing. and if you think you missed the wave, now is a great entry point. you know, the key thing that pulled the stock down is that blackwell chip that is not going to generate any revenue in the next quarter, but only the quarter after that. so that's, you know, missing that revenue guide by a few hundred million in that just took kind of the excess juice out of it. and then you had in this doj indictment, and here we are. stuart: does that make any difference to your strategy? the department of justice has issued antitrust subpoenas against nvidia. make a difference to you? >> no. to me, it creates an opportunity. i mean, this administration has proved time and time again it will use the justice department to achieve political ends on any different level, and i think they picked intel as their chip winner.

and we can see how that has worked out. nvidia, nvidia should be able to profit handsomely from their technological breakthrough, and to be accused of antitrust violations is a very, very far stretch. and i think the rubber will eventually hit the road, and this kind of head lauren risk -- headline risk is absolutely an opportunity for investors. and just the kind of put this in perspective, the long-term price to earnings multiple on nvidia is between 35-40 times earnings. we're trading at about 24, 25 times forward earnings on nvidia right now, so very, very cheap, in my opinion. stuart: okay, we hear you. mike lee says buy it and and buy it now. the market is open, we're off and running. let's see how we start this day which is the day after a very big selloff, and that would have been tuesday. all right, we're open. the dow is down 13 points, not much of a loss by any means. we do have some winners, there's some green on that screen of the

dow to 30. kind of an even split. the s&p 500 also opening lore. the percentage, down one-third of 1. if the nasdaq composite, that has opened lower, down .71% after a 3.3% loss yesterday. let's have a look at big tech. took it on the chin yesterday. this morning, no bounce. alphabet, microsoft, ap8, amazon, meta-- apple, they're all further down. we've got to go to nvidia. after the do to j announced those subpoenas, it dropped like a stone and now it's down another 2%. what have we got? >> i i mean, are remember, market cap loss of $2800 billion yesterday -- 2800, the ceo lost $10 billion in paper money yesterday. it is all about how this doj starts to play out. this is a stock that we're watching. tour stuart we're watching it all day long. i just want to sew foo if there's -- see if there's any bounce. >> mike lee. [laughter] stuart: advanced micro devices just hired a former nvidia

executive. is that why the stock's up? >> yeah. look, he was the lead of global a.i. strategy, he now joins amd to spearhead the payment initiatives worldwide. not bad if for a america d, to the take some notes from nvidia. stuart: a very important stock delivered this morning ab earnings report. it is -- yeah, look at it, that would be dollar tree, down 11%. what's the story? >> basically saying they're cutting their forecast because they are still worried about that low income consumer where the ceo was saying there's a macroeconomic environment that just is such a big headwind. there's also a lot of rising competition. should i say wall market target getting down into -- walmart, target getting into that low income spacesome. stuart: bad news for a company is bad news for stocks. that's the way it works these days. not always like that, but now it is. taylor, who gave super micro -- >> yeah. stuart: somebody likes them. somebody don't like 'em. >> barclays doesn't like them, stu. cut to an equal weight from

overweight. you know what their price target was before? $693. remember, this is after a last week that big short seller, hindenburg, came out and said they have a lot of inaccuracies in their financial statements. the ceo said, no, that report is wrong. analysts not buying it. stuart: that is down 6% this morning. the ceo of taiwan semiconductor, he's bullish on a.i. okay, why's stock -- well, the stock's up a bit. >> yeah, so, look, a big a.i. conference happened overseas. we're sort of waking up morning, are we getting caught up in the overall a.i. selloff? bullishness from them overseas helping the stock today. stuart: lyft. they announced a restructuring this morning? stock's down? >> yeah. you know, this is not good. they announced a restructuring that they're going to the dispose of certains a sets of, like, the bikes, the scooters. they actually may be selling those off and closing down those programs.

they want to lay off about 1 of their employees. -- 1. they're -- 1%. heir hoping it'll boost the bottom line by the end of next year, but do is cutting your way to growth the way to go? we'll have to see. student suiter doesn't look like it. costco. favorite company of mine, favorite place to go shopping. they've got new membership piece. how much now? >> yeah. so if you are gold or a business, you're now paying an extra $5-65 for if an annual membership, but if you're the big techstive member, your cost just went up by $101 to $130 -- $10. but this is their first increase in the membership many seven years. given all the inflation that we've had, i think, actually, this is pretty good. remember, hay get so much of the revenue from these membership fees. really important for them. stuart: the upper level, what's it called, the executive? >> yes. stuart: you get cash back, right? >> yeah, a couple percent

cash -- we have the rundown. [laughter] i'm in a tiny apartment in new york city, so i don't do costco, i'm going to have to trust you on that one. stuart: why are some middle eastern countries boycotting coke and pepsi? i think i know why -- >> okay, yeah. as you know, they are equating these american companies with america which they're also now equating with israel, right? so if you're in that middle east region really caught up in the gaza and israel fight, that is why you're saying, you know what? i don't like israel and i don't like america. there's one interesting study the here, that sales of coke have cratered in egypt, but the local brand has tripled their export. so you're getting people who really want more of the local brand and not anything associated with the american brand. stuart: yeah, but it ain't coke. that's the way it is. oh, let's have a look at a bitcoin. that was down to, to what, 55, 56,000, so it's come down in line with stocks. not a great way to a start the month. >> remember, september's the worst month for stocks on

average. so risk off also now includes crypto in many ways. crypto, are crypto-related stocks under pressure, and it is a broader selloff. stuart: all right. let's see if we've got any kind of bounceback on the markets after yesterday, and the answer is we have a minor leagues bounce for the dow industrials. up 80 points, back above 4111,000. that's the -- 4411,000 the -- 41,000. there are some dow winners. travelers, 3m, unitedhealth, dow and visa all on the upside. s&p 500, there are some winners there each though the overall index is down. nasdaq, mondelez, advanced micro devices, baker or hughes. and the nasdaq, mondelez, advanced micro devices, old anyone yoon and tesla up $3 at $214. check the 10-year treasury. that is down in yield a little bit, 3.82. check the price of gold, moving a little bit away from its

all-time high, $2,520 an ounce. oil going nowhere, there is -- actually, it's below $70 a barrel. i would look for gasoline trice -- prices to be coming down a bit more. nat gas, $2.23. now let's get to regular gas, down one cent overnight, you're at a $3.31 is. california, we always like to do this to you, $4.65 is the average for regular in the formerly golden state. coming up, pro-hamas demonstrators brought chaos to columbia university. jewish students say the school is failing them again. >> how do you think columbia's handled this protest? >> terribly. that would be an understatement. the administration has turned a blind eye to it. i'm actually just appalled. stuart: why are colleges allowing anti-semitism to run riot? pete hegseth will react to that. biden facing questions after saying netanyahu isn't doing enough to reach a ceasefire deal with hamas. >> reporter: why is he harder on benjamin netanyahu than he is on the terrorist leader of that

fashion? >> the president has been -- hamas? >> the president has been very, very clear about what -- hamas leaders. stuart: we would like to know, where is biden's clear cut policy on israel? california congressman darrell issa has some ideas on that. he's later on the show. most biden-harris administration appointees have zero years of business experience. economist steve moore says it's amateur hour. he joins us next. ♪ ♪

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stuart: you'll notice that the dow industrials have turned solidly to the green because we have microsoft is up. it's a dow stock, and that contributes 21 points to the dow. apple, also a dow stock, it's also up, and that's contributing 20 points to the dow. i see a bit of a turn-around for the nasdaq as well with.

had been down over 120, now it's down 60. volatile today. gas tax revenue down thanks to the ev push. some states are looking at new ways to the make up for the losses. jeff flock in philadelphia. jeff, what are these states doing? >> reporter: well, here in pennsylvania, stuart, the teslas that you see at the superchargers behind me, they will soon be paying an additional annual $2500 fee if because, well -- $2500 they're using the roads and bridges but they're not paying gas tax. pennsylvania will join 37 other states around the country now doing something or another to the the try and make up for that lost gas tax revenue. take a look at the states, different states doing different things. some of them charging per mile driven which seems more fair. colorado is charging a fee on retail deliveries from amazon. minnesota is raising sales tax revenue on all of new vehicles, not just evs.

yeah. the highest gas tax the in the nation, not surprisely, is california, 68 cents. surprisingly. illinois and pennsylvania not too far behind. and, you know, gas tax generally funds roads and bridges but in some states funds other things as well like education and law enforcement. and even the folks, you know, we talk about the federal gas tax. that, as you know, stuart, has not been raised since you were a young man. that was 1993, the last raising of that. it's now 18 cents, and it's been that way for 30 years. even the folks at the tax foundation which, as you know, are not big fans of taxation even though tax is in their name, they told us this morning something needs to be done with that federal gas tax. listen. >> -- a common sense idea is maybe we can index that for inflation. at a minimum moving forward, just the to ensure that the real value of that tax revenue maintains itself. because we know the infrastructure costs are doing nothing but going up, right? between the materials and the labor whichs has really gone up in cost since the pandemic.

>> reporter: and lastly, stuart, on a political note -- everything's political these days -- vice president harris, as you may remember, four years ago advocated for a mandate, all evs or hydrogen-powered vehicles by 2035. campaign spokesman says that's not really on the table this time around. stuart: yeah, another reversal. >> reporter: i'm sure. stuart: jeff, thanks very much, indeed. see you again later. i didn't know about ev fees like that. didn't know about that. a new study from unleashed prosperity found that a majority of appointees in the biden-harris white house have vir chilly no business -- virtually no business experience. economist stephen the moore joins us. you call it am sue hour at the white house. i take the it you expect more in the harris-walz administration, right? >> yeah, stuart, you and i have been talking for weeks a and weeks about a some of the crazy ideas on the economy everything

from price controls to a $a5 trillion increase to doubling the captain -- capital gains tax. who would think up these things? apparently, people who know nothing about the economy, because it turns out the majority of the people at the very top level in the cabinet, in the white house, in the major regulatory agencies who are making these decisions in the biden-harris administration have very, very little business experience. in fact, the median years of business experience, you ready for this? it's zero. that is to say most of the people who are working in these high-level positions have never, not only have they never started a business, stuart, or they've never worked for a private, for-profit company, and that's a big problem. and one other quick thing i would add to this, then we looked at some of the top advisors that kamala harris has brought aboard, and the same thing. very few of them know anything about business.

they either are government employees or they're academics or lawyers, or they're community activists. stuart: this is par for the course, isn't it? >>s. stuart: people on the left are, go towards redistribution of wealth. people on the right who have maybe had some experience in business, they go for growth and prosperity. there's a huge difference between the two. i'm not surprised to hear that there's very little business experience in a democrat white house. last word to you. >> yeah. i would add to that, that, you know, some people say, well, maybe it was an oversight, that they didn't hire any ceos, and i don't think it's an oversight. i think they just don't like business. stuart: that's right. >> i think they view businesses as villains and investors as villains, greedy corporations and price gougers. and this is a big problem, you know? if as i've been putting it, you know, would you get on an airplane if the two pilots didn't know how to fly the thirchg? [laughter] well, we've got people trying to fly our economy who know new york they've never made a

profit. i mean, there's a problem when kamala harris sayings, oh, profit gougers and price gougers. well, come on, why don't you show you can start a business and make a profit, because it ain't so easy. stuart: exactly. all right, steve, thanks for joining us. see you again later, thanks a lot. another company has walked back some of their dei policies. this is kind of a trend. which company are we talking about now? >> coors light. the coors company, right? so if you were boycotting anheuser-busch, coors now the latest to pull back as well. let me read off some of the things they are doing. they're no longer tying executive pay to representation. they are scrapping some of their supplier diversity goals, and they're no longer engaging or participating in the human rights campaign's corporate ranking. really just saying we're pulling back a little bit. remember, i mean, bobby starbuck, that conservative activist, has been all over these companies. it's been deere, ford, lowe's, harley davidson, tractor supply and now coors.

stuart: that's a real trend. thanks very much, indeed, taylor. coming up, kamala harris is cobbling together her own economic policy. she's come up with a mishmash of ideas that seem to be put together on the fly. that's my take at the top of the hour. ♪ there she goes, there she goes again. ♪ pulsing through my veins. ♪ and i just can't contain this feeling that remain ♪ you ever try cashbacking? it's earning 3% at drugstores with chase freedom unlimited. so i can save on something special for a first date? wait! that's all for a first date? whoa. alright, c'mon earn big with chase freedom unlimited with no annual fee.

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stuart: it was almost laughable, with but earlier we showed you the separate responses of amazon's alexa when asked why to vote for trump is and why to to vote for harris. alexandria hoff joins me now what's the back story here? if. >> reporter: the back story is kind of confusing because according to amazon, or its alexa has no political opinion. they said this statement to fox news digital that this was an error that was quickly fixed, something they have teams dedicated to prevent semisituations in the future and, yeah, alexa does not have political opinions, but it sounded like she was a campaign operative at least. she gave a pretty good pitch for

kamala harris if and said there was nothing alexa was going to comment on when it came to the president trump. fox news digital tried it out themselves to see if different answers were given at the time they did, they still were very different at that time. this gets really murky because when you look at the numbers here, while alexa may not have political opinions of her own, amazon employees and family members do. according to open secrets, we have some data here, a.m.son affiliates have given four times more to the campaign of kamala harris than donald trump's campaign. here's congressman jim jordan weighing in. >> right now we have a major political party who is for censoring the other side under the guise of disinformation, misinformation, all this jar began -- jargon. it's wrong and this issue is

critical. >> reporter: jordan is fired up there because last week he received a letter from meta's ceo mark zuckerberg confirming facebook had felt finish to suppress certain information relating to the covid-19 pandemickic. during the pandemic and also the biden family. zuckerberg said he regretted not speaking up about this sooner. it has an impact, because overall the pew research center survey found that 78% of americans think that big tech companies have too much power, too much influence over elections. 74% of democrats, 84 of republicans. so the trump team, hair response to this whole alexa debauble, they called it another example of big tech manipulation. they used it in a couple of fund raising texts, so maybe they can balance it out here. stuart: alexandria, thanks a lot. taylor riggs, donors affiliated with amazon ghei four times more to the harris than to trump. baked-in political bias? >> yes. which is we're i --

what's why we're not surprised. they won't put trump's assassination attempt at the top of google search it's all the same thing in silicon valley. stuart: taylor, thanks for joining me for the hour. we'll be watching at 1 p.m. eastern on "the big money show" later on today on this network. still ahead n2019 kamala harris supported until decriminalizing border crossings. border expert tom homan will join us. anti-semitism running rampant on college campuses. pro-hamas crowds return. new york congresswoman nicole malliotakis will respond. can kamala harris make the economy her strong point over trump? martha maccallum on that. california congressman daryl ice is -- issa is going to be here. the the 10:00 hour or of "varney & company" is next. ♪ ♪

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