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stuart: led zeppelin from way back when. even i don't know that. look at sixth avenue, cloudy sort of day. good morning. 10:00 eastern. it it is wednesday, september 25th. straight to the money, the dow is down 86. nasdaq is up 61. split market, not much price movement so far. it is up more today, 3.77%. the price of oil to $70 a barrel despite the middle east. bitcoin 63,000 $700 a coin. we have the latest read on new-home sales, new home sales, big difference from existing home sales. lauren: 716,000 in august, down

4.7% from the revised is a july number. looking at median sales price $420,600. stuart: 760,000, that is not many. thank you. now this. iran is directly interfering in the election. the mullahs are trying to assassinate donald trump. a foreign government plotting to kill a presidential candidate. intelligence officials have briefed trump on the threats. one plot has been foiled that a safe house in iran. they planned an assassination, came to america with lots of cash, try to hire a hitman, the fbi posed as the hitman. a pakistani man is arrested. plot foil. the iranian this have been hacking the trump campaign condensed are be to damaging material, trying to so division and discord among american voters, trying to kill donald

trump because they are terrified of a second trump term. they are interfering just like that. just as this is revealed iran's president appears at the united nations summit, he demands america drop sanctions, drops nerve. try to kill a presidential candidate and then demand we go easy on you. president biden also appeared at the un, probably his last appearance on the world stage and he used it to burnish his legacy but it is obvious his legacy is clouded by his iran policy. from the beginning he allowed access to oil money, gave them cash, they spent it, supported the hezbollah terrorists. he was trying to appease the mullahs and in response they tried to kill donald trump. there is no more dramatic example of election interference than that. iran is a stain on the biden/harris legacy. second our varney getting started.

liz peek with us, it seems iran wants the harris presidency. >> of course they do. they will continue this misbegotten path of appeasing iran. what did they do? they kept sanctions in place on irani and oil production and ignored them. oil production went up half a million barrels a day in 2,022. in 2,023 that meant 10 billion extra dollars of revenue plus they handed over $10 billion that was payments from a rack that had been held up by the trump administration, for humanitarian reasons in iran as though those same dollars could not be spent on drones. three american soldiers were killed in jordan january of this year.

biden said we are going to punish those accountable. was accountable? it is iran. we never punished iran. this is the single worst thing the biden administration has done in terms of foreign policy because from day one they have been concerned about gasoline crisis. if you look at biden's polling, nothing pulled worse than afghanistan and the tragedy of that withdrawal. number 2, $5 a gallon gasoline prices. we have appeased iran, given them an opportunity to flood the market with half a billion barrels a day having a mental production to keep gasoline prices low. heaven forbid that that is interrupted and biden becomes less popular than he has artie been. we when we are six weeks or thereabouts to the election. kamala harris's liberal policies are beginning to become clear i think. can she win middle america with liberal policies? >> no, she cannot and she can't win it with oprah winfrey or

taylor swift or any of the celebrities like hillary clinton, to convince voters. what convinces voters? how well you are off today compared to four years ago and if you look at median income which came out a few days ago from the census bureau, median income this went up under donald trump and down under president biden. americans are not stupid. they know that that is what matters to them and trump was out yesterday talking about his economic policy and manufacturing. manufacturing has gone down under president biden. he talks a big game. it hasn't resulted in anything but donald trump was the one that turned our country onto the idea that too many jobs were going overseas. they were excited about the transpacific partnership, nafta, all these things as millions of jobs went out of the country, donald trump

stopped that, talked about it, changed the story on trade agreements and we are protecting american workers. that was a seachange and he did that. stuart: you think harris loses? >> i'm beginning to think she's going to lose. the polling if you look at the swing state polling those are middle income voters, they are not in favor of reparations, they are not in favor of women playing or men playing in women's sports or packing the supreme court, they are appalled and some of them they are appalled by energy policy, pennsylvania is key on that. stuart: we will see how it works out. thank you. quick programming note. a highly anticipated cbs news vice president will debate will take place, tuesday of next week, october 1st. you can watch it here on fox business starting at 9 p.m. and leading up to the debate, preshow coverage on the bottom line from 6 to 8. back to the markets, mark

tepper with me. i read your stuff. these profits are disappointing though not well for the market. >> we are setting ourselves up for substantial disappointment next year. when you look at third-quarter earnings this year, on july 1st they were expected to be up 7. 3% for now they are only expected to be up 3.7% so estimates are coming down. when you look at next year they are still expecting 15% earnings growth next year which would imply record margins and it's incredibly rare that when the fed cuts by hundred basis points the market is able to grow earnings by double digits. stuart: at a warning sign on the horizon. what about the rotation out of magnificent seven stocks? is that proceeding? >> we will see that happen. one thing i've been banging the table on with clients and prospective clients, it's important for everyone to use their peripheral vision.

don't just put your blinders on. everyone knows about nvidia and the eli lilly but use peripheral vision to identify other winners and losers in those key themes. just taking glp number ones as an example there will be winners and losers. you look at mcdonald's or pepsi, they are all hurting and they used inflation as the scapegoat but the real thing that will impact long-term are these glp number ones. you need to be able to see the forest for the trees. stuart: the russell 2000. and index. >> not now. once it becomes clear that the fed is close to finishing their rate cutting cycle land or the economy has bottomed if it actually is trending downwards, that's when you hop into small caps, small caps underperform following the first rate cut.

stuart: you never jumped on the big rally bandwagon. >> i have not. the question i am getting from clients is not can this melt up the 6,000 mark? what about 7,000? they are not asking me that. my clients are saying what if? there's so much uncertainty with the election, fed policy, the economy. my clients are more concerned by year end that we protect the downside. stuart: stay there. with me for the our. you are looking at movers. general movers. neil: ford is down 4% downgraded at morgan stanley. china, oversupplied market producing 9 million more cars than they can sell. stuart: is china producing 9 million more cars or is america? lauren: china. stuart: that market, we can't

sell them because they are oversupplied. down goes gm and ford. southwest airlines, what are they doing? lauren: reportedly cutting service and jobs in atlanta. it is cost-saving move tomorrow is southwest investor day and investors want to know is the turnaround working amid pressure from elliott investment management. we one microsoft. lauren: the news is big. google filed a complaint with the european union over microsoft's licensing practices in crowd computing. microsoft locks in customers which means they can't bring their workspaces to competing services. stuart: so google goes to the europeans to complain about microsoft. american company complained about another american company. lauren: i don't like that and i'm surprised by it. they are both under fire.

stuart: nancy pelosi's husband once again under fire for his recent stock trades. what did he do this time? lauren: disclosures show paul pelosi sold 2000 shares of these are worth $500,000. he did this july 3rd. yesterday the department of justice sued visa saying monopolizes the debit card market. the perennial question for lawmakers, we discussed this many times on the show, does nancy pelosi's perch in dc give her access to nonpublic happenings? this was going on for two plus years. also on that day, july 3rd, he sold chesler, bought nvidia, broad.com, could be regular business but he is a wealthy guy. the spouse of nancy pelosi and his stock trades are following. stuart: it will bring back the

market should numbers of congress trade stocks? that's a perennial subject of conversation. i don't know. we've not made a decision on that at this point. lauren: he sold visa before the lawsuit. stuart: that is entirely legitimate. a new fbi report finds crime is down across the country. one cnn panel has their doubts about that. >> those statistics are correct. in our daily lives we are still, i here in dc we have carjackings, people getting mugged in the middle of the day. it doesn't feel like crime is down. stuart: we have a perception the crime is up in new york. new york post john levine will take that on later in the show. donald trump says if he's elected president, he will get the us out of the war in ukraine. will that empower vladimir putin? we will dig into it. new video shows israel intercepting a hezbollah missile over tel aviv. this is called an unprecedented attack deep inside israel. the report from the middle east is next.

>> the dow is down 98, no clear trend. intel at the top, in quite a run. honeywell american express, and israeli forces are conducting extensive strikes in southern lebanon. this after a hezbollah fired missile at tel aviv overnight. nate foy, with the possible ground operation.

>> that is what we are hearing about. israel is amassing more troops at its northern border, we are learning two reserve brigades will be heading there today. we are learning that so far today israel has hit 280 hezbollah targets in these massive airstrikes north and south of beirut, 60 hezbollah intelligence targets and the airstrikes continue ahead of the idf northern command, telling troops that israel is in a new phase of war and, quote, should be ready for a ground maneuver into lebanon. look at the next strike from a beirut suburb. israel says it is targeting hezbollah's weapons and group leaders, ten miles from here. israel took out the commander of hezbollah's rockets and missiles division. hezbollah is launching more attacks than ever. the pace is getting quicker.

israel's iron dome protecting the city from 40 hezbollah launches so far today. hezbollah launched more than 300 rockets and missiles yesterday, more than any other day of this conflict. hezbollah also launched what it claims is a long-range ballistic missile at tel aviv this morning. [siren] >> reporter: for bomb shelters. this is the first time hezbollah ever fired a missile at tel aviv. interceptor from his relapse davids ling system collided with the incoming missile after 6:30 this morning. hezbollah said this is in retaliation for the attacks in lebanon over the past week. striking numbers just out, the un says over the past five

days, 90,000 people had been displaced in lebanon as a result of these airstrikes and we are learning lebanon's health ministry, 560 people have been killed since monday. back to you. stuart: nate for, thanks very much. now this. aqueous reports has been is urging iran to launch a direct attack against israel but iran has refrained from doing that. robert greenways joining us. our military is in the middle of it and we become involved. is that where we stand? >> one hundred%. we deployed additional forces to join those already there to deter iran from a retaliatory attack against tehran publicly and embarrassingly some weeks ago. let bunnies hezbollah, hamas and all iran circuits and

proxies exist so that with their civilians, iran doesn't have to. they are there to bear the brunt of the costs. i do think at some point iran will retaliate at a time and place of its own choosing. stuart: i think we lost the connection. that happens on live television. robert greenaware talking about an expansion of the war in the middle east. the us military has detected russian military planes flying off the coast of alaska again. what do we know this time? lauren: four russian makary planes were detected in the alaskan coast in international airspace but it is concerning because of the frequency with which this is happening on the timing of it. the u.s. army just deployed 130 soldiers to the region and these provocations happened to dozen

times outpacing last year. we are not done not to mention japanese fighter jets had to fire flares for the first time ever to warn russia when it violated its airspace three times on monday. stuart: robert greenway, glad to have you back. i want to address the iranian threat to assassinate donald trump. i call that direct interference in our election and i am wondering what response we should have. >> reporter: you are exactly right. we want to invite their leaders to join us in new york. and that the millennium help - hotel as they did yesterday, that's the wrong signal to send. without a price or cost imposed they will continue to do it and not just donald trump but other administration officials myself included the stand within because of the administration's policies, they know that's likely to happen.

stuart: what about a harris term? that's presumably what the iranian's want. >> there's no doubt. they provided information to the harris campaign so they made their decision who is better. no surprise, access to one hundred billion in revenue under the biden/harris administration in $200 billion loss under the trump administration, easy decision for them to make. stuart: the issue of russia and ukraine, ukraine's president spoke at the united nations saying, quote, there have been no just peace without ukraine. donald trump has told us the us must get out of the war if he's elected. how could we back away from ukraine without handing a winter vladimir putin? >> if i've seen anything in donald trump it is his ability to negotiate deals second to none. i suspect he will do it from a position of strength which means imposing real economic costs on russia, not allowing

them to post 3. 6% gdp growth while waging a conflict against ukraine and at the same time holding those is vladimir putin values most at risk and i don't think he will see the trauma disadvantage over the vladimir putin in the process so i think he's committed to end the conflict on terms that are favorable to the united states, european partners. stuart: thank you for joining us, hope to see you again soon. the owner of a pro police coffee shop won her for million dollar lawsuit. that is coming up for you. today, kamala harris expected to lay out domestic manufacturing. the strategy is pragmatic and not bounded by ideology. brady is next. ♪

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stuart: the dow is down one hundred 50 points, i wonder if that has to do with increasing tension on israel and lebanon, ground operation is talked about. maybe that has to do with

negative move for the dow. mark tepper is with us with stock picks. verizon. >> we are positioning ourselves defensively. after 6% dividend and tactically, as rates come down, dividend payers are more attractive over the next few months for the stock to pop while we can collect 6% dividend. stuart: digital realty. >> using your peripheral vision, this is an ai away, one of the world's largest data center readout there is interest rates come down, they will outperform but specifically since we are talking ai, this is the best way to play ai, without holding in video. stuart: they build data centers? that is what they do? that's a growth industry.

thanks very much. vice president harris is set to unveil new plans for the economy today. grady trimble gives us a preview. >> we expect targeted tax incentives to spur manufacturing in the us. and support for universal childcare and paid family leave. as harris tries to convince voters she has dialed back past supportive of fracking bandera reports that she will describe her economic policy now as pragmatic and common sense. manufacturing comes as us economy is shedding jobs under the biden/harris administration including 24,000 jobs lost in the month of august. it comes after harris claimed in any event with opera that goldman sachs and the school of

business say her economic plan strengthen the economy while donald trump's we can it. both organizations refuted or downplay the claim. meanwhile, donald trump is outlining new incentives to lure foreign manufacturers to the us and keep american companies here. in georgia he discussed plans to cut corporate tax rate 15%, place 100% to 200% tariff on cars imported from mexico and a lot more. >> under my plan american workers will no longer be worried about losing their jobs to foreign nations. instead, foreign nations will be worried about losing their jobs to america. the only worry will be deciding which job to take. there will be plenty of them. that will be the biggest problem. which company should i go with? >> latest polling shows trump has a 5 point lead over harris

on the economy, she will try to close the gap when she speaks in the 3:00 hour in pittsburgh. stuart: trump is an entertaining speaker. james freeman is assistant editor of the editorial page and joins me now. both candidates, and a tutorial piece says the manufacturing boom that isn't, us industry output has been flat despite subsidies. can you revive manufacturing in the united states. >> will be a tough climb if grady's report is correct and i assume it is that we will hear from kamala harris, not broad-based reform, not progrowth initiatives but targeted tax cuts, the formula they are going with which we pick a few industries like clean energy that washington loves and favor met the expense of everyone else, that's how i have two years of flat job

growth, for manufacturing workers lower than in january 2021 when kamala harris took office. stuart: trump says if you don't make it here you can't sell it here. your slap with a tariff. does that work? >> look at his track record in the first term outstanding. look at what he is promoting now, 200% tariff, not pro growth. baseline tariff, not progrowth. talking about 15% corporate rate tax rate for all businesses. it would build on his reform which puts investment dollars back to the united states. stuart: kamala harris will unveil her plan for the economy and we are told she will say i am a capitalist.

what's your response? >> capitalists who don't like business tend to not get good results. where there is a very big discrepancy between the campaigns and regulation. we can expect in a harris term, heavy regulation especially, industries that use energy emissions, efficiency demand in terms, and i think this is a big negative where the trump track record is entirely different. it is historic in washington bureaucracy. stuart: tax and spend and regulate doesn't turn me on our make me feel that she's a capitalist. >> if you don't want to let businesses grow you under the sense in which someone is a capitalist.

at the broad definition of the term. stuart: thank you for being on the show. mark tepper, what do you make of the candidates plans for the economy. >> equality of opportunity, not equality of outcome. kamala clearly believes in equality of outcome. even though she called opportunity economy which i like lower taxes. lower taxes promote stronger growth. the critics of trump's plan will point to how much it deepens the deficit. why than comment on that? only if we continue reckless spending at the pace we've been going. efficiency commission, leading that. it doesn't get enough attention. it's the opportunity to be what minimizes reckless spending. look what xavier did in argentina, nine weeks balanced

the budget, cut half the government. i think that is one heck of an opportunity the doesn't get enough attention. we one more for you later. kamala harris suggests a radical way to secure abortion rights. >> we should eliminate the filibuster. and get us to the point a vote would be what we need to actually put back in the law the protections for reproductive freedom. stuart: critics call that extreme the shortsighted. we will see what mike huckabee has to say about it. jared isaacman became the first private citizen to walk in space. 's mission lasted five days but he only had a few seconds to walk in space and enjoy the view. x plane what is going on next, he is joining the show. ♪ ♪

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stuart: we still have the dow down 150 points, one third of 1%, nasdaq up 63, one third of 1%. interesting news about apple. lauren: the new phone that started shipping friday, apple 16, looks like a big disappoint mcconnell, the stock is down one. 4%. two pieces of information for you. the wait times longer, ubs says the wait time is 24 days but last year with the 15 promax was 42 days. new street research, they expect iphone 16 shipment in fiscal 25 drop 10%. they call it disappointing, a

late rollout of apple intelligence. >> disappointing, we were betting the farm on demand pool forward because of the ai capabilities on this phone but customers don't like it. stuart: let's move on. one of the largest rv shows in the country, mike, either pushing a lot of electric or hybrid rvs? >> reporter: the rv capital of the world. it's a combination of the two, stock is up. this is afford test vehicle, a hybrid normal, normal hybrid vehicle is gas, then electric, this is electric and gas, charge, the batteries are

charged by on board generator. it will reduce rage anxiety for consumers in the market. i had to give this to you. it has a time of 6 seconds. the ford explorer is pretty unique. other trends we are seeing, the new category growing in strength, to take your rv to one location, come and go as you want. winnebago, just about anywhere in the market called winnebago connected. if you're in the market anywhere you want to be, average mean age 32 years old, getting into the market. a lot of things happening, a lot of excitement. stuart: now this.

my next guest is a billionaire, just completed the first ever private spacewalk, jared isaacman, thanks for coming on the show. your spacewalk lasted a few seconds, about one minute i think. will you describe it for us, tell us if it was worth it and if you would do it again. >> thanks for having me. the actual spacewalk operation was 90 minutes in the vacuum of space before we repress rise. after all the data collection and tests we went through to learn as much as we can about the first new spacesuit designed in 40 years i probably only had a minute or so to enjoy the views but it was a busy period of time. it is super important. we believe in a future where you've got hundreds or thousands of people in the space, on the moon or mars. we will need an awful lot of spacesuits. it was important to gather a

lot of data. i am sure there will be a lot of exciting spacewalks in the future. stuart: that was a brand-new spacesuit, the first redesign in 40 years. >> exactly right. that speaks about the entirety of the mission. we went farther into space in 50 years since last time humans walked on the moon. the reason, it's a harsh environment. you have more radiation, micro meteoroid debris. we tested out a brand-new spacesuit so someday a lot of people could be wearing them on the lunar or mars surface, we tested new communication methods, lots of science and research. these are things that haven't been done in a long time and we need to get aside -- outside our comfort zone if we want to build that more exciting future in space for the benefit of everyone. stuart: you want to be part of it. you want to take part in the future of space. is it elana musk opening that opportunity to you? >> space x has 14,000 brilliant

minds and they show up to work every day. there is no bigger difference they can make in the world than working on opening up this last great frontier for everyone. i was lucky to lead the first civilian mission to orbit three years ago. lucky to follow with the polaris program. i can't emphasize enough this is a huge effort, largely driven by space x. nasa is their too. the exciting time is if this the second grade age of space expiration it is not being funded with 4. 5% of us gdp like it was during the 60s. it is largely funded privately and through commercial endeavors but still benefits everyone. stuart: if you have the opportunity to go to mars, would you go? >> there's an awful lot we need to get accomplished from now until then. that's what the polymers program is about. of the opportunity presented itself i would go. stuart: thanks for being on the show today. obviously a fine experience and wonder if he will do it again. thanks for joining us, see you again soon. >> thank you.

stuart: private space exploration seems to be the way to go. >> private is the way to do it and this confirms an important lesson of life in that we cannot rely on the government for innovation. you've got to get that from the private sector. of taxes are high, they get to the point they disincentive eyes, risk-taking, they kill innovation, ensure that the private sector can do what they do best. stuart: thank you. this just coming to us. a toxic chemical spill from a parked railcar near cincinnati, ohio. authorities are warning about a possible explosion. president biden has been briefed on this and we will bring you any updates as we get them. the new fox power rankings make it hard to see either party winning the white house, the senate, and house, no clean sweep. looks like divided government. that is what investors like. that is "my take," top of the hour.

donald trump responding to assassination threats from iran. he says he is surrounded by more men, guns, and weapons than ever before. aishah hasnie has a report from the campaign trail next. ♪

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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.

stuart: donald trump was briefed by intelligence officials about threats from iran to assassinate him. are there any new security measures in place for today's event? >> reporter: the campaign doesn't talk about security measures. we have seen on the ground charlotte police on bicycles circling the perimeter of this manufacturing plant. a few of them, several dozen earlier this morning getting on their bikes and circling the building and perimeter, something new on the trail we haven't seen before. talking about these irani and the threats in his own words.

here's what he wrote on x. big threats, watching and waiting, moves were made by iran that did not work out. he goes on to thank congress for approving more money, and attack on a former president is a death wish for the attacker. the campaign says trump was briefed yesterday and these coordinated attacks tightened in the past few months and today secretary of state blinken said that the iran thread is something they've been tracking for a while. and ongoing threat against a number of officials including former and current officials in the administration. the trump campaign says iran is going after the former president because he fears another trump white house. >> because the corrupt irani and regime, the terrorist regime fears donald trump's strength and resolve.

they fear trump administered in 2.0 where they know he is going to crackdown, restore his sanctions that made him broken his first term. >> reporter: so far does not appear the trump campaign is changing the schedule at all. everything is still on track despite these threats. stuart: thank you very much. kamala harris said she support illuminating the senate filibuster to codify roe versus wade. mike huckabee joins me. what happens? what impact would killing the filibuster have? >> it would be like when harry reid decided to do the nuclear option in the senate and take away the filibuster for judicial appointments. he thought he was so smart to do that. thank you because as a result of that, donald trump had to appoint three people to the supreme court.

when democrats police stops and think they are being real smart, what it ends up is the exploding scar in their own face. they may get away with it, they may try to do this. may be they succeed but the net result is the weapon you use against one is the weapon the other will use against you. stuart: would it change permanently the workings of the senate? >> it could. what it really does is destroy the workings of the senate. the senate doesn't get a lot done. probably america is better. as a result of not getting a lot done, it's a paralyzed the government, so many idiots are arriving. it complicates it further and one side will get everything at once cover the other side will get nothing. you create more bitterness, more anger, more hostility, more dysfunctional government. stuart: always appreciate it.

mark tepper, thanks for being here. the 11:00 hour of "varney and company" is next. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo. voya, well planned, well invested, well protected. maya knows how quality care can bring out a smile. but it's been a few dog years since she was able to enjoy a smile of her own. good thing aspen dental offers affordable, complete care all in one place.

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