number 2, manamy. >> i know where colombo, sri lanka are. stuart: daily is the capital of what used to be portuguese to war. the capital of bahrain is located in the persian gulf and saudi arabia. i want to get this in. president biden has received a friendly interview, and he was at peace with stepping aside from the election but he insists he would have beaten trump calling him a loser. i shared his advice for harris. he says be yourself. that is it for "varney and company". time is up for me. right now coast-to-coast starts with neil. neil: pay attention to the

democratic nominee, kamala harris at 3:15 or so today, talking about stuff that could move these industrial stocks, how to boost that into incentivize that and critics will say, you had for years to work without with president biden, why are you proposing these measures now? and this corporate friendly pushovers of late, mark meredith, what can you tell us. >> vice president harris is backing republicans produces him to label her as a socialist. she will try to labor herself as a capitalist while outlining how if elected the she will create economic opportunities,

and and how much the city's manufacturing in the last city and she believes it's time for a new cycle. >> the choice on the economy is crystal clear. when she speaks in pennsylvania about her vision for the economy, and how it might work best for the middle class. >> harris is trailing donald trump on the issue of the economy, harris is starting to improve on the issue. wall street journal saying harris sought to blend the advantage at the start of early voting in battleground states and samples of shown the former president's edge slipping. trump is ready to talk about the economy accusing harris of copping his playbook on things like no taxation on tips. tuesday trump appeared to take a swipe at harris's remarks.

>> under kamala there will be no car industry, no steel industry, and we will be at risk of military defeat. a simple fact is if you don't have steel you don't have a military. >> reporter: trump talking about the economy, polling continues to show the economy is the dominant issue for voters in all these states. we will hear a lot more about the economy going forward. harris likely to talk about trump's plans for widespread tariffs which see said would equate to a tax hike on many americans. stuart: she has a substantial number of tariffs of her own, trump's are bigger and wider but they share the same tariff approach.

>> i imagine she will talk about the remarks the other day trump talked about when it came to john deere and how they moved production to mexico and he would impose new tariffs so it will be the tit for tat on tariffs and i imagine she will attack trump's upbringing. more campaign sources, he's only focused on people that on the buildings, she's focused on those who work in those skyscrapers but voters will decide which matters more. stuart: thank you. mark meredith with all that. the access reporter follows the stuff very closely. i am wondering what you make of kamala harris's approach to carve out a separate ground on manufacturing to spare factories and get them going again. critics will quickly come out and say almost four years to do that and that's not happening. she's going to part with the president on a number of issues including how far to go to

support them. where does this land her? >> it is interesting, she started on the back foot on this issue, closely tied to president biden who was trailing in the polls generally but also pretty significantly on the question of the economy, the campaign had no choice but to find a different ground to stand on to differentiate themselves from the biden administration. a lot of these are wish list items when we talk about tax deductions, up to $50,000, that's what the vice president wants if she becomes president. the reality, if a question she needs to be asked in both candidates should be asked is if elected the reality in congress is it is likely to be divided government likely looking at republican senate, democratic house and depending on how the white house falls,

that is a tenuous road to getting your wish list through congress. both of them need to be asked the question of compromise and what does a middle ground platform look like for them? neil: that a wish list right there. there's the issue of paying for these tax impacts, and issue i raised with david rubenstein of the carlyle group who worried about something we rarely talk about, the debt. how would you react to this? it's not resonating with voters. it's not resonating, not even on a top 10 issue and should be tier point but it is not and that, like you are taking the capital. >> it it is not until that is. in other words at some point people on wall street and congress will say we've got to deal with the debt and when they recognize it is a big problem and the calamity comes about people will be more interested. people are more interested in other things.

inflation or jobs but not the debt. neil: he said and as he pointed out it doesn't pop up on issues of concern, they love to hear about tax cuts and all the rest but i am wondering will we see this going? they are both going to improve the dollars to already 35, $36 million bill. >> it is supercool. i think congress, both parties are difficult, bearing their head in the sand on question of the debt. there are lawmakers who out how do we pay for these tax deductions that they plan. most of that will be from the harris campaign, tax increases on the top 1% of earners and that is the way they argue they would balance that out.

we get into the situation you put that through congress are you going to get that through what is likely to be a republican senate and we know there's a huge generational tax bite facing washington in 2025 with expiration of the trump tax cuts that he signed in 2017 so whether it is trump or harris, this will decide tax policy and how the government is funded and how it takes in revenue for the next generation. neil: your orioles pitch notwithstanding always a great guest and i might remind you, looking likely yankees have the american league east but as the wildcard does well, we follow that closely. nice seeing you. all right. we have lynn martin, new york stock exchange president. don't know which team lynn would be rooting for but she generally roots for capitalism as a general rule which is a good rule of thumb. let me first ask what we touched on, the candidates are

tripping over themselves to offer help to american workers, even corporations in the case of kamala harris who carved out small or medium-sized businesses or manufacturing activity is not a big theme today. that something wall street likes to see but wall street also would like to see how this is paid for, wouldn't it? >> i am sure wall street would. to answer your first question, one of the most port questions. i happen to be a new york mets fan. but the yankees as well. given i'm a native new yorker. one thing you look at when you look markets, the market is at an all-time high, the dow reached an all-time high earlier today. s&p reached an all-time high earlier today. irrespective of who wins in november i hope either candidate has a plan to address

the mounting us debt has that is clearly something that could impact the markets for the medium to long-term. neil: this has been an interesting year, that's an understatement, some of the politicians we've had. if you think about it, they have point got of the federal reserve, we've had some bumps along the way. a lightning war in the middle east and other developments, how we see these next few months of the year post the election wrapping up. >> one thing we should look at is what we see the last couple months. the volatility. the temporary volatility occurred in the markets. look at august 5th for example, given the challenges we saw in japan going into that morning session and how the us markets

recovered that week to be flat from where they ended the week prior. all that screams to me is the resiliency of the us economy and the liquidity of the us market. the depth and strength of the us economy has continued to show itself as a shining star globally. if i look at the last 2 or 3 years in particular, and this year as a great data point, the s&p is up almost 21% year to date. and we are outpacing the growth in the market during 2024 whereas you point out a lot of external factors at any time.

while we may see volatility, the strength and depth of the markets. of the global economy. >> they were not supposed to be that magnificent. the buying has widened too many more stocks, medium-sized stocks but nvidia's pop notwithstanding, whether they had their run it's a slower run. the ai thing is going to be a phenomenon. these stocks continue to soar but how do you see that sorting out? >> what you are seeing is the diversity across multiple sectors. talk about ai, energy is

another area to consider and demand for energy. and that is starting to show itself in the strength of that sector, energy and industrial sector in particular. banking sector is performing well and you shouldn't really skirt the strength of the consumer and the largest companies by revenue, walmart had a great year so far so it is not just the technology sector but all sectors growing and that is why you see the s&p giving the returns that you do. neil: they are lofty but not wacky and i wonder if the

earnings momentum justifies the stock momentum whether it will confirm that. what do you think? >> it will play itself out. i know that from speaking with investors, looking to put money to work. when i say investors, the long run, looking to put money to work. they see the returns that generate equity markets despite the volatility in the market. julie: we will see what happens. a good shot at the wildcard. a chance with the braves. we will see. >> next couple games. stuart: that compensates for support, a great team by the way. they are not the yankees. we have a lot more coming up

including back and forth you heard from ukrainian president zelenskyy. he didn't necessarily rip donald trump back but he is in good him yesterday, that's raising eyebrows what a trump administration could mean for ukraine and that war and zelenskyy himself after this.

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>> all wars possible but also an opportunity in play to have a settlement that could change the region. neil: the latter seems always off right now. trey yingst is in israel where the widening warfare seems justified given israel has intercepted the first missile fired directly at tel aviv. it does remind you the potential of some things that could go wrong very fast. >> good afternoon. today there was a massive escalation by hezbollah as the iran back to group launched a

ballistic missile it is relapse second largest city of tel aviv. sirens sounded sending hundreds of thousands of people to bomb shelters, the missile carried a 15 pound warhead and was ultimately intercepted by is relapse defense system but the attack marked the first time tel aviv was targeted. northern israel came under heavy rocket fire with the house taking a hit during a barrage that included dozens of rockets at israel is ramping up their air campaign against hezbollah, tens of thousands continue to flee southern lebanon. >> lines of cars filled with families as an israeli air campaign against hezbollah intensifies. there were strike so we got into the car and came here. we don't know what is left behind to. where we going now?

the lebanese capital was also targeted tuesday as israelis took out the head of hezbollah's division. who was responsible for 8,000 rockets that rain down on israeli cities from the north since october 8th. >> we could hear explosions earlier today is is relapse missile defense system intercepted rocket fire to the east. we know the israelis are preparing for the possibility of a ground operation into lebanon with the chief of staff saying two reserve brigades are headed to the northern border to start trading. neil: the fact that they targeted them is unprecedented, what is their game plan? >> tel aviv is a redline for

the israelis, the pentagon and when missiles are targeting a large population center like this you have 300,000 people the head are bomb shelters. the chief of staff in israel discussed that when he met with soldiers earlier today and said in response to this crossing of the redline, hezbollah will pay a price so we expect more israeli airstrike later this evening across lebanon. neil: there is no safe place to hide. be safe your self. it doesn't matter the conditions, he's out there for all of us all the time. in the meantime you might have heard ukraine president zelenskyy is in the new york metropolitan area speaking at the united nations, but some people say he was responding to comments donald trump made yesterday about how worthwhile this war is. to what donald trump said yesterday. >> i watched him, we will win,

he's been saying that for three years. every time zelenskyy comes to the united states he walked away with one hundred billion dollars, i think is the greatest salesman on earth. but we are stuck in that war unless i am president. i will get it negotiated, we got to get out. neil: donald trump was making we will win, quoting, making reference to the fact that when he comes to the united states he leaves with a fact check. the former us ambassador and special representative for ukraine negotiations, always good to have you. donald trump says he could end this immediately. going to be something on day one. don't know what that is. do you? >> i don't think anyone has

that insight into what donald trump is thinking. he will decide himself what he is going to do. the only reason there is a war, is letter putin is doing so every day. we were not in this war ourselves, ukrainians fighting for their freedom defending themselves against vladimir putin's attacks. if you end it you've got to convince vladimir putin it is not worth it. that he will be harming russia if he continues the war. that's what donald trump has to figure out. how do you convince him he has to stop. neil: something i heard is a warning to the leaders out there listening that there is no easy and quick out to the ukraine war. the growing concern he has that more and more looking for an easy quick out to rid themselves of this whole thing.

what do you think? >> he's right to be concerned. a lot of people would like to think if ukraine gives up territory, there will be peace but that's a fallacy. that's rewarding vladimir putin's aggression and wedding his appetite for more. he will be up against the polish border and baltic states, estonia, latvia, lithuania. so i should be taking them. it's a set of wishful thinking thinking you can give up some territory, give up ukrainian territory and there is peace, there is not. what we saw with the japanese, for hitler, people trying to build an empire at the expense of people having this imperialist agenda have to be stopped. they won't stop on their own. neil: i don't like to politicize things and neither

do you which i greatly respect, and close to that, in israel, he wants to end quickly. it can't go on, he says. this must stop. i will stop it. i understand the impatience and frustration, but what signal is he sending in both wars by saying that? >> the first thing to remember is we are in the midst of an election campaign. he's going to be saying things to appeal to his voters just as biden is doing for his voters. it is not in israel's interest or ukraine's interest to be in the middle of that. they should be trying to stay as far from our election as possible and let it play out. as far as what donald trump is saying i think he's right that this has gone on too long.

the biden administration has been very slow and halfhearted in the way it has supported ukraine. we delayed on tanks, delayed on the range of weapons systems and that is prolonged this war. the way to do this, i would say the same with israel as well as ramp-up and let them get it over with. here we are a year after the october 7th attacks, iran has yet to pay any consequences for what it has launched in the middle east. neil: thank you very much. good to catch up with you. in the meantime, chevron, no surprise, has halted production of operations around the gulf of mexico. helene is storming away, could enter florida space as a category 3 storm when all is said and done and then it could rip up the eastern coast of the united states.

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neil: mortgage demand is

soaring right now in and out of a two of the two year hi, could have to do with mortgage at a 2-year low. refinancing compared to last year better than 170% so something is percolating here. fox news real estate expert, you were saying it helps when rates go down and sales go up but there's only so far those sales can go given the price of the homes themselves in your neck of the woods. what do you make of that? when it will budge a little bit to protect first-time buyers. >> i think this is good news, that homeowners are already benefiting, it is news for the housing market, mortgage is up 127% the same time last year.

those numbers rise since the days of 3% or 4% are not coming back anytime soon. the sector of the housing market that will benefit the most will be new construction. builders have more buyers with more purchasing power. in addition, builders have more borrowing costs. the new home space is driving the market so that is the first factor we see in the housing market and we will begin to see the market pickup but i don't think it will be a quick fix by any means. we need to continue to see more mortgage rates continue to be lower and lower because there are sellers that are tight into 2. 3%. prices continue to rise with more demand in the market especially now that we have lower interest rates. it will not be what we saw

during the pandemic. neil: you don't see a housing crash. >> absolutely not. i do believe the housing market will recover slowly. it will take some time and we need the reduction in interest rates. builders benefit tremendously and buyers sitting on the fence. let's also remember every market is different. florida different from california and new york. there are local economies that affect those factors. we got it with reduction, borrowing costs. julie: have an update on hurricane helene. it will be a category 3 storm i guess soon. it is a booming business environment. does stuff like this scare

them? put them off? >> i was joking with your crew. as a floridian you don't take as seriously as you should. it is affecting our insurance costs and it is affecting so many factors in florida who are not accustomed to this. you need to be careful and look out for it. as a floridian i am used to it. i was born and raised in florida. it something that comes with the territory, you live in florida you deal with hurricanes. it is part of the deal. neil: it is. i pay attention when i hear those storms are by their. thanks, great seeing you again. adam plots on helene. where she is headed. what can you tell us? >> this is an interesting storm that ultimately is going to pick up in the next 24 hours currently looking at a storm

near cancún, category one hurricane. this is our forecast track and shows me a couple things that are interesting. is going to be screaming from wednesday p.m. into thursday p.m. talking about potential landfall getting up along the florida big bend and pushing in towards atlanta by friday morning. this is going to be moving quickly and that will add a couple factors. what you can't see is how large the storm is. the fact that it's going to the big bend doesn't matter. the entire state is going to see some impact from this as you look at tropical storm warnings across the entire state. those are hurricane warnings. it's moving so quickly, it will be so strong potentially at landfall at category 3 it is going to hold itself together a little longer so tropical storm watch as far north as atlanta, strong wind and rain into north georgia. what we are worried about as far as winds, looking at a huge area, 40 to 60 mile an hour

winds, pulling itself into tallahassee with winds of 110 miles an hour or greater. a powerful storm that will be dragging itself further north with the rain and those winds and because it's moving so quickly we are talking a huge area looking at widespread power outages, tampa, jacksonville towards atlanta and charlotte, all of these areas could see major impact with the storm as it makes that move. on top of all that up and down the coast we are looking at areas dealing with storm surge, perhaps the tampa area, 8 feet and watch it get higher as you work around the florida big bend, population centers a little lower into this area but still some major storm surge, 15 feet perhaps and rain as part of this as well. that makes it soggy or so winds moving you see trees come down, powerlines and power outages which everything in this

orange, 5 to 8 inches isolated. because of that speed and how strong it is it will impact a lot of people. neil: you did warn us. bank you very much. in the meantime, if the storm doesn't scare you, maybe a potential strike on the east coast will. we could be looking at that from new jersey. >> reporter: no talks are scheduled and we are approaching this deadline. the contract report workers that stretch from maine through texas expires monday night. we could get that strike of 45,000 port workers as soon as tuesday. the concern, you could wreak havoc on the american economy. a strike of that magnitude would disrupt $2.1 billion a day in goods that are traded in

containers. as you could imagine major shipping lines are preparing for a possible strike, they are imposing surcharges if the strike happens as much as $1000-$3500 per container that are being shipped to the east coast or the gulf coast. those shipping lines trying to offset the increased cost that would be created by a strike if it happens. we are at the port of new york and new jersey, the largest port on the east coast and management told customers to get ready. they want customers to pick up their cargo by close of business warning customers won't get their cargo if there's a strike. they are also saying cargo for exports will not be accepted unless it can be guaranteed to be loaded on a ship by monday. they are reacting with plans to stop accepting refrigerated containers with goods for export headed to the east coast

after today. those containers are used for perishable food. the concern is those containers will get stuck at the ports if we get a strike and perishable goods will go to waste. i can tell you the department of labor has been in touch with the employers. the employers want to get back to the negotiating table. they want talks to resume but they are at a standstill. the union says the offer for wages is insulting. the union says they are probably bearing for one of the hardest battles they've seen in decades. the rhetoric is any indication it seems they could get a strike tuesday of this week. back to you. neil: could be a mess for christmas presents. lydia following all that. we are following donald trump to end evey mandate. of the cars are so great he says they should sell

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>> they have a electric monday. we will end the electric mandate. all electric cars. all electric ending that immediately. neil: donald trump saying if the cars are so great they should sell themselves. others including elon musk are open to that idea. tesla, auto expert, attending the biggest in the country. there's a big market for electric evs. a full-scale assault when it comes to government mandates for evs of any type. >> exactly right, donald trump's announcement welcomed

by the greater auto industry and will be welcomed by the rv industry. it is about relaxing regulation and that is what he said yesterday. the president of ford motor company talk about shifting resources away from battery technology. over my shoulder, battery electric vehicle with on board generator, series hybrid. on leica toyota that is an engine powered by a little bit of battery, this one is all battery-powered with a little bit of a longer generator and that is gasoline. the news is welcomed by the industry. it's about giving consumers and automakers freedom of choice. neil: i always thought that was such a decent middle ground idea. you want one you get it, the other one is a backup. the best of both worlds.

toyota siemens to seize on this before a lot of folks and it worked out well on them. where do you see this whole thing going? >> i think this technology is something you see the auto industry take on. this rv gets 500 miles of total range. that's a range generator, you have 150 miles but we love performance, they announced this has a 0-65 of 6 seconds. this is a test pilot here but they announced it would go into production next year. when you ask where do we see this going? ford has the intention of bringing this to market in one year from now. neil: i was surprised that the average vehicle in this country cost $50,000, he is actually right, 47, 48,000. that the jarring figure by people who have been stretching payment for cars they purchased

for 7, 8, 9 year leases so there could be a backup of americans who want to get at the new vehicles but can't. what do you see happening? >> reporter: the used car market is strong. there's a lot of opportunity if they want to go used. what i saw here is interesting, the average buyer of an rv is 32 years old. yesterday i had a chance to walk around. there are rvs sub $20,000. consumers are looking for affordability with interest rate still high although there is interest in finding things that are affordable. it gives consumers a chance to have fun. you take those two and combine them you have a recipe for success especially with the excitement here. neil: you are good at what you do. following that in beautiful

indiana. i want to talk about this with jay wood, expert market reader and chief global strategist, former executive and forward governor but i was thinking of you. we were talking about these big purchase items. they don't come much bigger short of a home buying and rv but with the price of vehicles and the rest, those big purchases continue in an economy depending who you talk to is getting long in the tooth but that is remarkable when you look at it but pricey items continue to sell. don't know how long that lasts but it is probably a reminder why we are looking at an environment where a soft landing seems possible. what do you think? >> you nailed it. the housing market continues to see prices elevated and rates are coming down, don't expect prices to come down anytime soon. some of these luxury vehicles may have seen a dip but the

consumer is spending. when people talk about recession, spending habits continue to be there so it's an interesting time, you shake your head how people are affording it but debt is going up a little bit but not at a panic mode. the consumer is continuing to have experiences, travel will come down a little bit. big-ticket items still in demand. neil: to your credit, do you ever -- you are a contrarian now matter what the consensus is. i wonder when more and more come your way do you feel wait a minute, everyone is with me and i don't know if that's a good idea? >> i was a contrarian thinking we would have a week august and september. it has been a choppy august and

september. now september, this is where my horns come out on the bullish side. the equal weighted index is carrying us, rotation rate continues. what's the second worst performing sector in the last three months? technology, energy being the first. of the technology trade comes back which i believe it will at your end, you will see a rally in this market, not believe we were going to get the rally we did. the market took half a day to digest it and we are moving slowly and steadily. this is a slow market. it's never short of boring. we are set up to have a strong fourth quarter. these headlines are crazy.

talking cats and dogs instead of economics. neil: more after this. [coughs] when caroline has a cough, she takes robitussin. so, she can have those one on ones again. hey jim! can we talk about casual fridays? oh sure. what's up?

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that's life well planned. neil: vladimir peden -- vladimir putin responding to comments from volodymyr zelenskyy saying we reserve the right to use nuclear weapons against russia including if the enemy poses a critical threat to sovereignty with conventional weapons. the conventional weapon president zelenskyy saying you need more of and to get soon to use against russia. those are grounds according to vladimir putin. here we go. and "the big money show" with jackie deangelis and company ready to get going. of the 16 we appreciate the toss on a positive note. neil: can you believe that? nuclear weapons.