maria: yeah. >> they don't know who she is, and it's going to be a big problem for her. maria: i think that's right. a lot of people are worried because of the flip-flopping and also because of the laughing. why are you laughing in. >> generally people who laugh are insecure. maria: or they're nervous if about something. >> yeah, of course. or they're lying. maria: final thought, adam johnson. >> there's a lot of noise about the economy, is it growing, is it contracting? focus on earnings. they start in two weeks. estimates are expected to be up 10-11%, that's why stocks are making new points. maria: wow, that's a big number. caroline. >> i think for all the a positive press coverage that kamala harris has received, she is not further ahead, she's not running circles around trump, and she's insecure about that, to your point. i think she's suffering from a case of imposter syndrome. maria: imposter syndrome, got it. all right. great conversation, guys. thank you so much is. we'll see you again tomorrow. varney "varney & company" picks it up. stu, take it away. stuart: good morning, maria. and good morning, everyone.

the intelligence agencies have warned donald trump that the iranians are trying to assassinate him. the campaign has been threatened, one plot already foiled. this is separate from the assassination attempts in butler, pennsylvania, and mar-a-lago, florida. it is direct interference by a foreign power in a u.s. election. in response yet from the biden-harris team. at the united nations ors iran's president said he wbts his country to may a construct we've role in world affairs. he wants america to end sanctions. later today kamala harris outlines her economic policy. she says she's a capitalist and wants to work with the private sector. she wants to boost manufacturing. donald trump calls her the tax queen. he has his own plan for manufacturing. he says he's for low taxes and cheap energy, and if companies manufacture overseas, there will be stiff tariffs if they try to sell those products here. he would appoint a manufacturing ambassador whose job will be to bring manufacturing back to america. all right, let's get to the markets. stocks pretty flat this morning

after tuesday's modest gains. the dow, s&p and the nasdaq all down slightly. bitcoin, we're looking at $63,000 a coin, not much change there. the 10-year treasury yield right around 3.75%, 3.76. the 2-year just above 3.5%. gold still around $2600 an ounce. actually, it's getting closer to $2700. oil, little change, it's down a buck at 70. gas, no change at $3.21. diesel unchanged, $3.58. more on politics. harris would abandon the the filibuster in order to pass a national abortion rights legislation. that would be a major change to the way the senate works. trump and harris have agreed to dueling town halls hosted by a spanish language media company. they'll be interviewed separately two days apart. not quite the debate. for the first time, hezbollah fired a long range missile at tel aviv. it was intercepted. iran is trying to the arrange

for russian advance missiles for the houthis in yemen, and we will bring you a coffee shop owner whose store was shut down by college authorities because she was pro-police. she just won $4 million worth of damages. wednesday, september 25th, 2024, "varney & company" is about to begin. ♪ ♪ i've got the power ♪ stuart: okay. we are playing that song, i've got the power, because we do have the latest fox power rankings. lauren: very clever. [laughter] stuart: you like that? kind of obvious. latest fox power ranking, there's some movement in the presidential race and a shift in the senate balance of power. lauren, take us through it. lauren: so this is two weeks after the debate, and kamala harris finally gets her bump.

take a look at that a last line, she is up a point, trump is down a point. he's holding relatively steady, 48% support. that's the red line. on top of it is the blue line, that's harris, she's at 50%. and what's -- or i should say who's moved in her favor? independents. she is up 12 the points with that group. let's look at the senate. fox news power rankings suggest republicans will flip the senate and take at least 51 seats, two toss-ups, ohio and nevada, while montana has moved from toss-up to lean republican. if these polls hold, it looks like montana's democratic senator, jon tester, could be unseated for the first time in nearly two the decades by republican and navy seal tim sheehy, $120 million have been spent on that race thus far. we are six weeks until the election. voting has already started in almost half the country,this is how it looks. 40 something days to go.

anyone's game. stuart: in montana that spending works out to over $150 -- lauren: per voter. stuart: how about that? and there's still $100 million still to be spent. how about that? a thanks, lauren. trump declined another debate, but he has agreed to what we're going to call dueling town halls. tell me more about this. lauren: this is on univision next month. trump's downtown hall, october 8th, miami. harris, two days after that in vegas, and enrique a acevedo will moderate both. hispanics are the largest minority in the united states, that voting bloc, 36 million strong. this is a key demographic. unfortunately, separate town halls, the candidates won't be together. stuart: got it. thanks, lauren. trump revealed his plan to bring manufacturing jobs back to america. roll it. >> finally, to exploit these pro-manufacturing policies, their full potential is going

the happen, it's going to happen very quickly, i will appoint a manufacturing ambassador whose sole task -- and it'll be a great one -- will be to go around the world can and convince major manufacturers to pack up and move back to america where they want to be. stuart: and harris is expected the pitch her own plan for manufacturing and a revival thereof later on today. mr. wonderful is with us this morning, that would be kevin o'leary on set here in new york. kevin, can manufacturing be revived in a significant way in america? >> 100, stuart. yes, it can. i mean, i don't like tariffs or you know that. i like them as weaponry particularly against china, but the manufacturing base was eroded by lots of low cost alternative to be, but they were strategic. and we saw that in the chip manufacturing sector first. it takes a long time to bring back mandates like this, decades. but why not start now? there's nothing wrong with it because you want to be competitive in crucial industries, and they've been redefined by technology, but also you need infrastructure. we're woefully lacking in that.

so this idea of, you know, the big controversy around steel, we actually should make our own steel, and we should figure that out. and we spend all this money support being all these different sectors and not the basic core manufacturing. so i was not a big fan of the chips and science act, for example. i would have liked to have seen some of that money go to smaller businesses but also more core infrastructure like steel. stuart: we don't have the details on harris' a plan if yet, but we know what trump's going to the say. you either make it here, you can't make it over there and bring it back. is that workable? >> it is. he's going after the manufacturing in mexico. the compromise with the industry will be worked out probably in the white house because you're talking about thousands and thousands of jobs, can and we really have seen leakage. and that's a policy mistake in some ways. i'm not about being with an isolationist, but there's a balance here of job creation that i do agree with. i don't know harris' plan yet or, nobody because, but we're

hoping to get more this week. buy the way, it was be unprecedented for a presidential candidate not to deal with the press. at some point she's going to have to. she should be sitting where i'm at right now, stuart. stuart: the offer is on the table. stay with me, please, you're with me for the hour. democrat strategist james carville, he's predicting more drama right before the election. like what, lauren in. lauren: a plot if twist. the unexpected, unpredictable, unimaginable. he says it's yet to unfold before our very eyes. >> something tells me something else going to happen. i don't know what it is, but the idea we've got 42 days to go, 6 weeks, this is a sprint to the finish. i think there's going -- there's another plot twist coming here. lauren: and likely so. but if the election is going to be decided by events that have yet to happen and voting has already started in the 221 states -- 2221 states, how much does that -- move the needle?

>> i love that guy. he's sheer entertainment. the raging cajun. if. lauren: -- out with a movie, a film that'll air on cnn how he got biden out of the race. stuart: is that that coming? if he may have done that. lauren, thanks. we better check those marks, please. i don't see that much price movement premarket. down 19, nasdaq down 25 the points. eddie ghabour with us today. eddie, you're telling me this is a goldilocks market thanks to the fed rate cut. does a goldilocks market just go straight up? >> not going to go straight up, in our opinion, heading into the election. obviously, these next six weeks there's going to be volatility the as we get closer, and then on election day if we don't have a clear cut winner, that could certainly cause some volatility. but the bottom line is the fed is cutting rates aggressively when we're not in a recession. and like their policy or not, that's going to inflate risk

assets, and you're really starting to see that which is why we have pivoted from things like utilities that are a defensive that have had an amazing three months for us and starting to incrementally increase higher beta plays. and that that's how you have to play it, but you have to be prepared for the volatility as we get closer to the election. stuart: you're buying nvidia and meta, is that correct? >> we did add to those positions. nvidia's our largest stock holding that we have for clients. we did not trim at all when we started getting defensive at the end of june. we did add to meta, and we're going to continue to incrementally add. it's not going to go straight up over the next six weeks, but there's more and more names we have on our watch list that we think are going to lead and go back to the highs that we saw in the summer because this postelection rally is really setting up nicely. stuart: okay, we'll take it. eddie ghabour or thanks for joining us. kevin, do you think it's a goldilocks market moment in. >> the economy's pretty strong,

stuart, and i actually didn't think we needed the rate cut. i know everybody's got a different opinion, but i kind of deal in the 5-500 employee segment obviously the consumer markets where 62% of jobs are created in america, those are my companies. we're having a pretty good quarter right now. consumer demand is still in, so i'm optimistic. i think we've got to get the volatility out of this election thing. i don't know who's going to win, nobody does, but when that's over, i think we continue north. stuart: continue north. >> yeah. stuart it's been a hell of a ru- >> i know it has been. but, you know, you don't see the traditional recessionary pressures. and my biggest concern, which was commercial real estate, that's been alleviated by the 80 basis point reduction in costs of maintaining it. so all of a sudden projects that didn't have any economic value now are starting to be reconsidered again. so that collapse of regional banks that i was so worried about is going to be a much slower roll. stuart: thanks, kevin. quick programming note, the highly anticipated cbs news vice

presidential debate will take place tuesday, tuesday of next week, october the 1st. you can watch it here on fox business starting at 9 p.m. eastern, and leading up to the debate there'll be a preshow coverage on "the bottom line" from 6-8 p.m. on this network. coming up, trump says it's time for the u.s. to get out of the war in ukraine. >> biden and kamala got us into this war in ukraine, and and now they can't get us out. we're stuck in that war unless i'm president. i'll get it done. i'll get it negotiated, i'll get out. stuart: question, how can the u.s. back out of the war without giving putin a win? national security expert robert greenway has more on that. trump says he's been briefed on real and specific threats from iran to assassinate him. my opinion, this is election interference by a foreign power. lieutenant general keith kellogg will respond. he's next. ♪ ♪

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stuart: 14 minutes til the opening bell, not much movement premarket, dow's down 16, nasdaq's down 20. earlier today hezbollah made its first ever attempt to strike tel aviv. israel was able to intercept the bracket. -- the rocket. nate foy is with us. is israel now talking about a ground invasion of lebanon? >> reporter: they are, stuart. so not too long ago, today just within the past hour, the head of the idf's to northern command during a training with troops in the north told them that israel has entered if a new phase of this conflict and that they should be ready for a ground maneuver into lebanon. this happens as israel continues with massive airstrikes both north and south of beirut.

the idf says it's hit 60 intelligence sites so far today. the israel wants the finish this fight with hezbollah as quickly as possible. take a look at this strike from a beirut suburb overnight, israel says it's targeting hezbollah's weapons and leaders. about 10 mile from here, they took out the commander of hezbollah's rockets and missiles division. meanwhile, hezbollah's launching more rockets than ever. you see israel's iron dome protecting the city from at least 40 launches this morning, hezbollah launched more than 300 rocks and missiles -- rockets and missiles yesterday, and it also launched what it claims is a long range ballistic missile at tel aviv this morning. take a look at this. [background sounds]

>> reporter: stuart, that noise sent millions of israelis into shelters this morning. this is the first time that hezbollah evers has fired a missile at tel-aviv. you see an interceptor from israel's david's sling system collided with the incoming missile just after 6:30 a.m. local time. hezbollah said it was in retaliation for attacks in lebanon over the past week. now, today iran's supreme leader, ayatollah ca haney -- ca havenmy -- khamenei said the attacks will not bring the organization to its knees. meanwhile, israel's aerial campaign continues and they're amassing more forces in the country's north with several reserve brigades being sent there today. back to you, stuart. stuart: trump's campaign says he has been briefed on the threats from iran to assassinate him. trump believes that they will, quote, try again. retired lieutenant general keith

kellogg joins me now. that is election interference, general, and surely it demands a response from the u.s., right? >> yeah, stuart. thanks for having me. look, this is a perfect week to respond diplomatically at least because you've got the u.n. general assembly going on in new york city. president biden is up there. the president of iran is there as well. you know, this is the time when biden should walk over to the iranian president, put him arm around him and say, hey, bud, let's go over here and talk for a minute. let's make this very cheer. if you attack an american politician, somebody like a donald trump or any other senior official, there will be a state of war between the united states and iran. that's the only thing they understand. and they come at it with force. then on the second thing, the second thing, let me talk about arming hezbollah, the houthis and hamas, you need to knock that off. and for a tertiary bit, maybe you ought to stop sending drones

to russia as well. he's not going to do it, but it needs to be very clear to iran, you do not even talk about attack or think about attacking by your third cousin of any senior official of the united states. we need to do it. have we done it? no. but it needs to be said. it needs to be said to the world, the region and iran. stuart: iran is reportedly in talks the send russian missiles, advanced russian missiles, to the houthis in yemen. if they did that, if that happened, that would vastly expand the war in the mideast, wouldn't it? >> well, it will, but they've already done it. they did it today. the missile they were talking about today going towards tel aviv is a medium range ballistic missile. it has a range of about 1,000 miles, but it carries a 1,000-pound warhead. fortunately, the iron dome was able to intercept, but this war has been expanding over the the last three weeks, and you see that continue to grow. the israelis have been very good

about responding. when they talk about taking out the leadership. if you look at a wire diagram of the leaders, hasan nasrallah, the leader of hezbollah, if you took the 18 key leaders, 16 of those are now dead including regular forces that operates in northern israel. so if you're looking at a potential move by israel into the north, probably up the river which is a depth of about 20 the miles into lebanon, i wouldn't put that past the israelis because they've got to create some stability and some distance so they can allow those families to move back to their homes in northern israel. you know -- stuart: you can't do it short term though, can you? >> i'm sorry? stuart: if there is a ground invasion, it doesn't end quickly, does it? they've got to stay this for some time. this war drags on, grounds on. grinds on. >> well, sure it does, stuart. but, you know, this is the frustration i've got and, again, with the u.n. general assembly. when netanyahu guess to the general assembly and say over

202 years ago you, the united nation, passed resolution 17001 that was supposed to end this conflict, and it was supposed to dearm hezbollah and move them north of the river. it never happened. they established a u.n. interim force in lebanon that has not done anything in the last to 20 years. so this is a real cans disgrace of the u.n., and we ought to lean in and tell them this is your job. if you can't control it, the israelis will. and they've been doing a pretty good job. they have shifted clearly from that hamas to hezbollah in the north, and they're clearly doing a great job. primarily taking out the leadership. and when you take out the leadership, it's reaching a point where you pick up the phone and say, hey, would you leak to lead this military unit of hezbollah? a lot of people say, thank you very much but no. stuart: general, we're out of time. thanks for joining us, sir, we appreciate it. quick check of futures, i don't see that much price change currently. down 14 on the dow industrials. the opening bell is next.

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shah ghailani with us this morning. we've had talk this morning about it's a goldilocks market. let me reverse that. do you see any dark clouds ahead for the market, shah? >> well, the only dark clouds i see, stuart, are some surprise in terms of maybe pce this coming friday, as far as cpi. any of those numbers that we gauge inflation by, if they surprise dramatically to the upside, i think that would throw the marks off course. but right now -- the markets off course. right now the expectations is for the trend in inflation to remain lore, to the downside, and you can hear some analysts worried we may be headed below the fed's 2 target rate. i don't see it that way, think we're going to the remain fairly strong as far as inflation. that might be a worry if we see an uptick, but right now it's about as close to the goldilocks economy as we can get. stuart: all right, we'll take that. why did you buy coin coinbase? i know you did it recently, why

did you do it? >> well, there's been so much talk from both sides as far as the democrats and republicans and former president trump in particular touting. >> crypto in general that the crypto market is likely to take off in, indeed, something happens. and i think something is bound to happen anyway whether the democrats or republicans take control of the white house and/or congress because it's long overdue. there are a lot of wall street forces, a lot of folks that would want to see crypto come to the fore. not just blockchain. blockchain is really what's behind crypto, but crypto as far as i'm going to call it tradeable instruments are envogue. they've been envogue for some time, and i think if we get a favorable administration, we're going to see the laws change, and i think coinbase will be the major beneficiary. stuart: okay. you bought nvidia. is this the first time you've bought nvidia or you're getting back in after selling it? >> no, we bought it, we sold it on -- took some profits, got back in on the dip in early

august and we got more, added more in early september. yeah, we're liking nvidia here, we're holding on to it. we've generally put profit targets in, stuart, and those are exponentially higher than where nvidia's trading right now, but we also put stops in so if we were to to see some kind of dust-up, we would get out and look to get back in lower. stuart: okay. shah ghailani, thanks very much for joining us. we appreciate it very much, sir. now, shah ghailani's something of a bull, has been for some time, and he just confirmed that he thinks the market is in goldilocks shape. you kind of agreed with that, kevin. >> yeah, i do. i think rates in terms of what the per perceived rate cutses are going to be are supporting this. tech is tech and it's very productive, and the market's reflecting on that including nvidia. one thing about nvidia, it is the most volatile big tech stock, and it's liquid, so a lot of traders are involved in that. stuart: yeah. it's gone up so much and come down so much is.

the market is now open. s the 9:30 eastern time, and the dow has opened with a gain, solid gain -- well, it's not solid. it's a gain of .19%, we'll take it, 70, 80 points up. and there are more green squares on the dow 30 than there are red, so there's some buying this morning. the s&p 500, how's that opening up? that is up a tiny fraction. i mean, a tiny, tiny fraction. i'll call that dead flat. and how about the nasdaq? that, ooh too, down ever so slightly, .100%. big tech, let's have a look at them, please. meta is the only winner. microsoft is down just 34 cents. alpha a bet down, amazon down 87 cents, apple back to $225. today is meta's annual connect conference. taylor riggs with us this morning. is this about the goggle things? >> yeah. not like the big vr metaverse goggles. the smaller ones that they do say are -- they're really excited about. the problem is the cost the make

these things are still in the ten it is of thousands so they won't be available to the masses until about 2027. they have to be able to bring the cost down in order to sell it to you at a much cheaper price. but for now it's going out in a limited edition, and i think people are excite excited to see what you can do in this alternative reality. stuart: kevin, i've got to bring you into this. can you imagine people actually wearing these goggle things? >> i started using them recentl- stuart: did you get seasick? >> no, i don't have that problem, they've gotten better with that, but they're very good for zoom meetings. they're really, really effective because you feel like you're in the room. you've got to try it. i see it for for business. i don't like wearing them for extended hour periods but, listen, they're getting -- two years ago, they sucked. now they're pretty good. stuart: as you were speaking, the dow and the s&p 500 hit intraday highs. >> i'll take the credit, thank you very much. stuart: you should -- [laughter] that talk about goggles, and the market goes up. look at nvidia. how -- i think the ceo has been

selling shares recently. >> yes. and i think the market is really relieved that all of that preplanned selling is now in the r.. s i want -- rearview mirror. i want to put this in perspective because he sold, and it sounds like a lot, other $700 million in share sales. but guess what? he still owns $100 billion worth of shares. so this is fine. this is a little bit of selling. he op only sold about 6 million, he still owns 800 million shares. all preplanned. the market relieved9 that the ceo's done selling for now. stuart: jensen huang's worth $100 billion? >> these guys get criticized for selling, also for borrowing against their position. you can't win. the guy's got to take some off the table. stuart: let's move to a different sector, the home builder sector to. kb homes down 6%. i guess they had a bad report. >> a bad profit miss on the bottom line. costs are still very much a problem for the company, but they actually had a lot of positive things to say on the

call particularly around demand. the the last 2 2-3 weeks in august started the show strength as the market was anticipating the the fed rate cuts. wed bush likes it, they upped the price target from 67 to 75. still not close though. stuart: okay. hoe me starbucks, please, because that's been urn pressure if recently. they're got a new ceo. what's he been saying about the workers' union? >> he wrote an e-mail and said, yes, we will still continue to work with you in good faith even though i prefer to talk to you directly, not through a union. none of this really matters except that the union had e-mailed him on monday, sent him a letter, saying even though you're the new ceo, we still want to work with you, we hope you still hold a high standard for employees and will be a setter in the market. this ceo just responding and saying, yes, we're still doing things in good faith with you. stuart: any comment in they've got a leadership comment. >> yeah. there's been a rotating door through starbucks. if you look at the decade-long chart, i mean, this company has

got growth issues now in terms of what it can do. china's not been as great as they thought, and this unionization thing is a very tough nut to drag crack -- to crack. it's a commodity, stuart, and in the case of star buck, a very expep -- starbucks, a very expensive commodity. consumers have lots of choices. stuart: they do. uber, they're partnering with a chinese self-driving tech start. -up. are they going to bring chinese technology to uber? >> yes. not here in the u.s. but, yes, in the uae. so if you are living in the uae, you can open up your uber app and choose to select a ride through we ride which is a chinese autonomous driving company and get an uber with a fully sell driving sort of autonomous if -- self-driving ride through that platform. stuart: so it's kind of experimental -- >> yes. no plans for the u.s. or even in china at this point. stuart: okay. trump's djt was up yesterday,

it's up again this morning, 4.6%. >> remember, this is a stock that's been down 30% in the last month. really the boost today, some really good positive economic comments we got from the president request yesterday in savannah, georgia, the former president. and this stock, certainly, has been tracking him in the polls. stuart: okay. it's the up a little bit. check the big board, we are now ten minutes -- no, five minutes into the trading session, we're up seven points. a new intraday high for the dow, well above 42, 200. dow winners headed by intel, up again, but just around $23 a share. merck, american express, unitedhealth. microsoft has turned to the upside just slightly. s&p 500 winners, hewlett-packard, constellation energy up again. they've got the deal to reopen the three mile island nuclear power plant, investors hike that. united airlines is on the list, delta's on the list and nvidia, a $2 gain. nasdaq winners, constellation energy, doordash, advance micro devices, noer the that and

o'reilly automotive -- moderna. how about the 10-year? 3.77. going up again. gold still close to an all-time high, $2687. bitcoin, $63,000 and change. oil down to $700 a barrel this morning -- 70. nat gas not going anywhere. $2.60, up 5 cents. and and the average price for a gallon of regular, no change, $3.21. in california it is the $4.722 per gallon for regular. coming up, trump is calling out kamala harris' last minute trip to the border. >> she's going to -- you know she's going to the border very soon. she hasn't been there for four years, the border czar. [laughter] stuart: good question. why is she going there now? art del cueto will cocover it for us. harris celebrating new fbi crime data claiming americans are safer under biden's administration. if however, cnn panelists say they don't feel safer.

>> here in d.c. we've got carjackings, we've got, you know, people getting mugged in the middle of the day, so -- >> it doesn't feel like crime down. stuart: jon levine has more on that. trump's proposed tax deal for manufacturers comes with strict guidelines. >> i will give you the lowest taxes, the the lowest energy costs -- [cheers and applause] if the lowest regulatory burden but only if you make a your product here in america. stuart: will that work? we'll can ask economist e.j. antoni. he joins us next. ♪ lovers, keep on loving. ♪ believers, keep on believing ♪

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stuart: on the markets 12 minutes' worth of business, dow down 30, little change for the s&p or the nasdaq at this point. two major strikes looming in the transportation sector. port workers, autoworkers, they may soon be walking the pick lines. boeing workers have been on strike for nearly two weeks. edward lawrence joins me. biden said he would be very much pro-union, but there's an awful lot of strike activity right before he leaves office. >> reporter: yeah, it certainly is, stu. and all industries we're looking at three major strikes, not just transportation, potentially to the u.s. economy. and if this could be what amounts to an october economic surprise right before folks are getting ready to vote. boeing worker went on strike we know about two weeks ago, turning down offers demanding a 40 percent pay increase. united autoworkers threatening a strike at ford and stellantis plants with their record 25% wage increase in their national contract, now trying to work on on local plant contracts. and then we know about the port strike looming on tuesday.

>> it would be a $6 billion hit a day, $5 billion a hit. that's a 6% reduction in our country's to gross domestic product. we have to get this figured out before tuesday. >> reporter: the president still saying he will refuse to act while the acting labor secretary is in touch with the unions. the white house trying to keep the biden-harris administration proverbial head down in the potential port strike because it's a lose-lose situation for them. the president and vice president must support the unions for their votes, however, allowing the strike to happen could damage the economy in october, a time when the vice president could lose other votes. >> october 1st if the dock workers don't get a contract, there could be a strike. is the president, do you know, going to invoke federal law to avoid -- >> i'm not going to get into hype net can calls from here. all right, thanks, everybody. see you tomorrow. >> reporter: again, this morning white house telling me, no, they will not invoke that. one common theme, stu, when you talk to union members is that

the price of everything has grown so high, they can't afford their lifestyle which is the reason they need more money from these companies. stu? stuart: understood. thank you, edward. trump revealed his plan to bring manufacturers back to america. watch this. >> here is the deal that i will be offering to every major company and manufacturer on earth. i will give you the lowest taxes, the lowest energy costs -- [cheers and applause] the lowest regulatory burden can and free access to the best and biggest market on the planet. but only if you make your product here in america. it all goes away if you don't make your product here and hire american workers for the job with. [cheers and applause] if you don't make your product here, then you will have to pay a tariff, a very substantial tariff. stuart: ouch. economist e.j. an tonemy joins me now -- antony. that's pretty blunt, make it here or you cannot sell it here. is that going to work? >> well, stuart, i don't know if it's so much a question of is it

going to work as did it work. this is really, i would say, on a larger scale what trump did in his first administration. you know, he reduced corporate tax rates and other taxes that businesses have to pay. at the same time, he reduced energy costs. he also greatly reduced regulatory burdens, something that his administration doesn't get enough credit for. on average, it was over $2500 per household, per year. conversely, the biden administration has added about $10,000 to the average american family in terms of regulatory burden. so you put all of this together, and the former president essentially created a situation where it once again became viable to make things here in the united states. stuart: this time around it's aimed primarily at the car companies, can't it? -- isn't it? >> i think it's actually a lot broader than car manufacturers, stuart, although that certainly has gotten a lot of attention recently. again, i think it's much broader than that. this is more so manufacturing writ large. stuart: it's pretty blunt

though, isn't it? you either make it here or you don't sell it here. that's as blunt as it gets. >> well, it's certainly blunt, but i wouldn't say that means it's going to work or not work. at the end of the day, how effective it is and the kind of messaging that's attached to it, i think we need to separate those out and look at the numbers. stuart: it's all a negotiation with donald trump, that's the way it is. biden touted his record on green energy last night. he says his policies are working and the push towards renewables is going well. do you agree with that, e.j.? [laughter] >> going well? i would love to know how, spending $8 billion to create precisely 8 ev charging stations around the country in how on earth is that going well, stuart? stuart: what worries me is all the green spending that's still to come which could well be very inflationary, right? >> oh, absolutely, stuart. especially when we consider that what a lot of this money is doing is shifting resources away

from productive private sector the activity that does reduce cost and into these green energy boob doggles which are -- boondoggles which are wasteful and increase cost to the consumer. you know, when you create things, for example, like subsidies for certain products that are actually much less efficient than they were previously, what's that going to do to the consumer? you may think because it's a subsidy it will reduce costs to the consumer, but what it's actually doing is causing manufacturers to produce if products that a the do not work as well and that actually end up using more energy, not less. we can looked at a home appliances as a perfect example of this. stuart: e.j., thanks for joining us. all good stuff. kevin o'leary's still with me. what to do you make of the green energy transition? how's it going? >> i think reality chicken has come home to roost. it started last year at the dubai global climate conference. most countries admitted these objectives are not possible. in terms of the scheduling, it's

okay to talk about diversification from hydrocarbons, but you can't eliminate them. britain's started drilling again offshore, the germans are back looking at nat gas in a different way. they got caught up by the russianss. it's kind of over. i think we've got to deal with reality. our decision to spend this much money should be scrutinized in terms of the internal rate of return on these projects -- stuart: absolutely. >> measurable ones because, on obviously, they are not hitting targets. stuart: kevin, thank you. coming up, iran is trying to assassinate donald trump, imagine that. a foreign government plotting to kill a presidential candidate, that's my take. tropical storm helene heading towards florida gulf coast. a full report on that for you next. ♪

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stuart: evacuations are underway in florida as tropical storm helene threatens the gulf coast. janice dean in the weather center. is this storm going to become a hurricane, janice? >> yes. i think that we're going to get the name advisory at 11 a.m., and they will categorize this as a hurricane.

i do anticipate rapid intensification over the next 24 hours as we have a lot of warm water here, atmospheric conditions are going to be conducive for rapid intensification. what does that mean? we're going to see a major hurricane within the next 24-36 hours making landfall across the panhandle and the big bend of florida including some of these bigger cities like tallahassee, albany, georgia, as a well towards the tampa area. i need you guys to be on alert as a well because we have hurricane warnings in effect. major hurricane. winds in excess of 120 mile per hour for a duration of hours starting tomorrow. this is a very big storm, stuart, 400 mile wide. so even though we're talking about this cone here, it's going to impact much of florida for the next several days and then move inland, and i am very concerned with the southeast, the tennessee valley9 and the ohio valley where we have a system moving through right now,

and on top of that we could see over a foot of rainfall. so the southern appalachians, we could have a flash flood emergency. so the effects of this storm, very widespread. but for the meanwhile, we are very concerned with this region right here with where with we could see hurricane force winds for a duration of hours and power outages not just for a day or a couple of days, we could see weeks of the power out. so you need to react right now. , time is running out. i have friends that live in tallahassee, stuart, i have told them to move westward now. especially those, you know, the elderly that need power, that need to have supplies, and and that's what i'm really concerned with. when you're talking about a storm surge of over 15 feet, that's over top of yourself, homes, and that's potentially a disaster. so this is happening quickly, there's not a lot of time here, stuart. if you live in any of those areas, especially florida but then, you know, going up towards atlanta, georgia, nashville,

asheville, greenville, flashed flooding, huge concern. s this is a very big deal. thank you for covering it. stuart stout thanks for the warning, janice. we are warned, indeed. i've got 30 seconds to spare, and i've got the talk to kevin about him starring in a new movie. >> very excited about it, very excited. same guys that did uncut gems with adam sanler. dark script, i read it, i said i have to be part of this. i'm working with gwyneth paltrow and timothee chalamet, and it's set in 1952 new york. check this out. 1948 tech right here. [laughter] stuart: movie star. you've got to tell us all about it. thanks for being with us. still ahead, jared i.c.e. isaacman became the first private citizen to walk in space. would he do it again? he's going to tell us all about it. the cartels are in america using airbnbs as stash houses.

how can we stop them? seems like they're getting very well organized. art del cueto on that. oklahoma senator markwayne mullin will react to iran's attempts to send missiles to houthis. 10:00 hour is next. (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ .. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®.

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