maria: trisha, your thoughts. >> best moment of the debate for j.d. vance was when he was talking about the economy, prosecuting the railroad of biden-harris -- the record of biden-harris. worst moment for walz was the first 20 the seconds where he seemed petrified, and we don't want that in a a leader. maria: that's true, good point. adam, we are 30 minuteses away from the opening bell, a mark that is under selling pressure once again after a huge year. your thoughts. >> well, about 30 minutes ago the adp if job numbers came out, and they were stronger than expected. that argues for a strong jobs report on friday, and it's the also emboldening. it's one of the reasons why labor leaders are willing to ask for more when they strike. maria: all right. all great points. thanks, even, adam, trisha, lee. see you again tomorrow. "varney & company" picks it up. stu, take it away. stuart: good morning, earn.

and the consensus is vance won. even "the new york times" said he was dominant. walz looked nervous and uncertain. he pulled off minor win on abortion, forcing vance to admit the republicans needed to do a better job. vance successfully revealed harris' abysmal record on the economy and the border, two big issues the democrats wanted to run away from. the moderators, they didn't do too well, and margaret brennan tried to the fact check vance. vance dealt with that with a calm voice, made his point even though they'd muted his mic. we've got a lot more on that for you. to the markets. big drop tuesday with concern over iran's missile attack on israel. minor selling so far this morning. the dow, s&p, nasdaq, small losses all around. nike, ah, that's the stock to watch. its turn-around is not going well, and the stock getting hammered. it is down 7. as for bitcoin, you'ring looking at $61,000 -- 60,800 per coin.

a flight to the safety of treasury bonds, and that's keeping rates relatively low. but the yield on the 10-year treasury has moved to the 3.800, and the 22-year was around 3.64, it's moved up to the 3.66. oil now close to $72 a barrel and we have gas at a $3.20 to the, no change. diesel, $3.57. gold staying up there because of the fighting in the mideast, but it's down $18 today, 2671 per ounce. there's news on that. israel will retaliate for iran's missile attack. nearly 2000 rockets rained down on israel. most were shot down. some got through. we don't know how or when israel will respond, but they're not likely to deescalate. on the show today, the port if strike. biden under intense pressure to get involved before the economy takes a hit. he says he won't. but inflation and shortages right before the election will not help harris. we're getting a closer look at the damage caused by helene.

161 deaths reported. that number is likely to rise. asheville devastated. the president visits north carolina today. it is wednesday, october 2en, 2024. 2nd, 2024, "varney & company" is about the begin. ♪ ♪ i can't get no satisfaction ♪ stuart stuart i love it when they play my favorite song. [laughter] gets you going, doesn't it? j.d. vance and tim walz went head to the head in what is likely to be the final debate. highlights, please. lauren: they were civil. they were midwestern nice. [laughter] they kept the conversation largely on solutions over problems. but there's a but. when tim walz said donald trump is responsible for iran's provocations, j.d. vance put him in his place.

watch here. >> iran is closer to a nuke to lahr weapon than they were before because of donald trump's fickle leadership. and when iran shot down an american aircraft in international air space, donald trump tweeted. >> you said iran is as close to a nuclear weapon today than they have ever been. when did iran and hamas and their proxy ises attack israel? of it was during the administration of kamala harris. so governor walz can criticize donald trump's tweets, but effective, smart diplomacy and peace through strength is how you bring stability back to a very broken world. lauren: repeateddedly, vance kept the conversation on kamala harris, the incumbent. and when they spoke about the economy, he hammered that point home. watch here. >> if kamala harris has such great plans for how to address middle class problems, then she ought a to do them now, not when asking for a promotion, but in the job the american people gave her three and a half years ago. and the fact that that she

isn't, tells you a lot about how much you can trust her actual plans. lauren: i'm calling this a home run for vance. i said yesterday he would win on substance, but guess what? he won on style too. he came across as after able, malleable, a smooth operator. i think walz seemed nervous. stuart: thanks very much, lauren. i feel the same way. lauren: yeah. stuart: j.d. vance fired back at the moderators last night after they fact checked him or tried to. watch this. >> just to clarify for our viewers, springfield, ohio, does have a large number of haitian migrants who have legal status, temporary protected -- >> well, margaret, but -- >> thank you, senator. we have so much to to get to to. >> since you're fact checking me, i think it's important to to say what's actually going on. so there's an application called the cbp if 1 app where you can go on as an illegal migrant, apply if for asylum or parole -- parole and be granted legal status at the wave of a kamala harris open border wand.

that is not a person coming in applying for a green card and waiting for ten years -- >> thank you, senator. >> -- of illegal immigration, margaret -- >> thank you, senator, for describing -- [inaudible conversations] >> we have so much to get to, senator. stuart: vance made his point, didn't he? will cain's with me this morning. i think that vance won. what say you? >> i think it was a clear win for j.d. vance. i think he thoroughly dominated. i think it was a complete embarrassment for the moderators once again. and once again it's the important point, stuart, the cbs moderators not unlike abc were totally in the tank. it was once again three on one in one of these debates. and we can sit here and go, well, we should focus on margaret brennan or norah o'donnell, but at some point cbs, what is it, parent company is paramount? abc, disney. at system point have a little

shred of dignity. i'm not even going to ask for objectivity. have some shred of dignity that you can -- are you so bad at hiring that you can't even find someone the feign the objectivity needed in a presidential debate? all you have to have is a shred of objectivity and intelligence to know, hey, i'm tilting the scale here. my personal opinions are coming through. i just -- the entirety of the enterprise, stuart, from morning television to nightly news, to these sunday anchors, they're all of one type. and how is that possible? you can't hire someone to full till the basic foundations -- fulfill the the basic foundations and expectations of the job? sorry, stuart. on the other side of of the equation, j.d. vance, thoroughly dominant. i will tell you one thing that might be a little different, i don't think tim walz was bad. i think his performance was fine, and i think a lot of people who might have been if undecided could have come away with, oh, tim walz, he's better

with than i would have expected. stuart: listen to the this, walz actually was forced to correct the record of whether he was in china for the tiananmen square protest in the spring of 1989. watch this. >> i grew up in small, rural nebraska, town of 400, town that you rode your bike with your buddies til the streetlights came on. i will be the first to tell you, i have purred my heart into my -- poured my heart into my community, and i'm a knucklehead at times. >> can you explain the discrepancy the is? >> all i said was i got there that summer and misspoke on this is so i will just -- that's what i said. so i was in hong kong and china during the democracy protests. and from that i learned a lot of what needed to be in governance. stuart: will, he didn't look real good there, did he? [laughter] >> no. that was the low point, stuart. no doubt about it. and, you know, it'll never happen, but the point of that

story, first of all, what did you learn from the governance of communist china that you would want to take back to to the minnesota or nebraska, wherever you were living at the time? obviously, that little moment is an illustration of something that's a larger story when it comes to the tim walz, and that's the fabrication of his personal narrative, his story. he basically admits right there under the banner of i was a knucklehead and i misspoke that he's been lying about being in the city january men square protests. -- tiananmen p. how does that apply the your drunk driving arrest, your coaching history? meaning not directly, you've told similar fabrications about oh parts of your story -- other parts of your story including your military service and whether or not you were in a combat theater. if you add it all together, stuart, is this guy just a liar? stuart: whoa. >> i think that was the low point when he said he was friends with school shooters, but that was when he mispeck. otherwise -- mispoke. i do think he was affable enough for the noninformed,

casual-viewing voter. stuart: okay. you're a tough guy this morning, will cain, you are. [laughter] good to see you though. keep that smile. >> good to see you too. stuart: the dock worker's' strike continues at east coast and gulf ports. have we heard anything from biden? lauren: we have. he wants both sides to the come back to the bargaining table and urges the carriers to the offer a better deal. this is coming from the white house. quote, these foreign companies have seen record profits, up as much as 8000% if since the -- 8000% -- 8000%. the president believes it is time they present an offer that reflects the workers' invaluable contribution to their success. okay. the union wants a $. >> 69 an hour -- $69 an hour wage in six years' time. they want a complete ask and total ban on automation and 100% of what's called container royalties. the "wall street journal" describes that as a union welfare program that pays them

regardless of whether they work. they might think they have the upper hand now. of course, labor's had this string of victories under this administration. but you've got the presidential election next month. they want to to continue that. day two of the strike, 38 container ships already waiting offshore. stuart: and that's savannah, georgia, you just saw right there, dead stop. check that market, minor if selling in this morning. down 30 on the dow, down 23 on the nasdaq. eddie ghabour with me this morning. the market e sold off yesterday after iran's attack on israel. when israel retaliates, and they will, do you expect another selloff? >> i do expect another selloff. and i think october's going to continue for those that have cash to create some buying opportunities forking again, a postelection bounce. and these strikes generally don't change anything fundamentally, so a lot of times when you look back are great buying opportunities. we did take advantage of that dip that happened midday yesterday when those strikes happened. stuart: i know you bought a

couple of stocks yesterday during the dip. i think you bought nvidia, meta and the qs, correct? if. >> that is correct. and, look, we are fine continuing to gross up our risk because our clients and folks that continue to reach out to us that want to work with us know that we will sell if fundamentals change. but if the fundamentals stay strong, the technicals stay strong, we're going to take advantage of volatility because this government stimulus is going to create a sugar high. we're going to ride that sugar high all the way up, but we will sell it before that bubble pops if we do can our job properly are. stuart: love those sugar highs. thanks for joining us, eddie. trump is going after biden and harris for their handling of the war. batch. watch. >> they are very close to global catastrophe. we have a nonexistent president and a nonexistent vice president who should be in charge, but nobody knows what's going on. stuart: trump says we're close to world war iii. what does florida congressman michael waltz think about that?

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stuart: a mixed market or mostly lower but not by much, left-hand side of your screen. we're going to take you to a couple of mideast indicators. oil has moved up to $722 a barrel. we're worried -- 72 the 2, we're worried about the retaliation of israel against iran. gold, though, it's down this morning, down $17 an ounce. usually it goes up in times of turbulence. still very close to record high levels of $2700 an ounce. republicans, well, they are going after biden's iran policy after iran's strikes on israel. hillary vaughn on capitol hill. tell me what the gop's saying,

hillary in. >> reporter: republicans say that biden and harris' weakness on the world stage created an environment where iran feels emboldened. >> donald trump actually delivered stability in the world, and he did it by establishing effective deterrence. people were afraid of stepping out of line. iran, which launched in this attack, has received over $100 billion in unfrozen assets thanks to the kamala harris administration. what do they use that money for? to the buy weapons that they're now launching against our allies, and god forbid, launching against the united states as well. >> reporter: other refrain -- republican lawmakers are criticizing the decision to ease iran sanctions. they say that's paid for these missiles that they used in this attack against israel. >> i'm tired of hearing that from the democrats in congress and the white house about what's going on in iran right now because they lifted the sanctions, gave the iranians the money to get back into the terror funding business and the capacity in which they're doing

it now. >> reporter: but democrats are turning their focus to to israel's role in this saying their actions incited this attack. congresswoman aye can ya -- ayaan ya presley saying netanyahu's invasion of lebanon is forcing thousands to be displaced and inciting a regional war. the escalating violence must end in lebanon, gaza and across the region. and senator bernie sanders again calling for a ceasefire and for israel to do nothing in response to the iran's attack. quote, a ceasefire remains the key to resolve the wider conflict that can stop the's a cha story cycle. we hu not allow extremist leaders in the middle east to draw the u.s. into another horrific war in the region. there's also that $6 billion that the u.s. freed up for iran in exchange for five u.s. prisoners. they gave iran some of their prisoners back. the u.s. insisted that $6 billion could only with used for humanitarian aid, but iran insisted they can use it for whatever they want.

stuart. stuart: and they did. thanks very much, hillary. now listen to the harris and trump's comments, the two of them, on iran's attack on israel. >> iran is not only a threat to the israel, iran is also a threat to the american personnel in the region, american interests and innocent civilians across the region who suffer at the hands of iran-based and backed terrorist proxies. we will never hesitate to take whatever action is necessary to defend u.s. forces and interests. >> i've been talking about world war iii for a long time. they are very close to global catastrophe. we have a nonif existence president -- nonexistent president and a nonexistent vice president who should be in charge, but nobody knows what's going on. stuart well, florida congressman mike waltz joins me now. sir,down do you think we're close to world war iii? >> well, stu, we've got the the largest war in europe since world war ii and nuclear saber rattling going on. number one.

and then now, number two,s imagine if one of those 200 ballistic missiles that iran are just fired on israel had a nuclear warhead on it. that is -- [laughter] that is just hard to the the wrap your mind around but a very serious prospect if we don't get a change in leadership in the white house. and what president trump knew was that, number one, we could have prevented this but, number two, he dried up iran's cash. and no matter how successful israel is in lebanon, in gaza against the houthis, iran doesn't want peace. and asking long as it's the flush with cash, it will pour resources and arms back into its roxies and help them re-- proxies and help them rebuild. what trump knew is it's actually chinese cash that's buying iran's deal. the house of representatives passed sanctions on chinese buyers of iran's oil, and schumer has been sitting on it for almost a year. it's disgraceful. stuart: congressman, yesterday

secretary of state blinken released a new op op-ed. he claims that we, america, are in a much stronger geopolitical position under the biden-harris administration. is that how you see it, congressman? >> stu, i'll point you to my twitter x field where i said he's delusional. [laughter] he truly is delusional. and a year ago, remember, national security adviser jake sullivan said that the middle east is the most peaceful he's seen in his lifetime, and then october 7th happened. so this is the world as they wish it to be. i think blinken, biden, sullivan, harris wake up in the morning thinking of what new concession, what -- how they can appease if iran just a little bit better. like i've said, they're the kids on the schoolyard that just keep bringing the bully more lunch money hoping he'll be nice, and we've seen the results of it. the world is on fire. stuart: a quick question about the port strike. will the strike affect the

delivery of supplies to hard-hit districts after hurricane helene? >> well, it's inevitably going to affect it, stu. case in point, florida. third largest economy in the country, just the port of tampa is responsible for half of all of florida's fuel and and petroleum that we need to run as a state. this is a serious crisis brewing. 38 container ships already waiting offshore, and where is mayor pete? once again, a asleep at the switch. he should have gotten ahead of this and driven a deal. president trump would have driven a deal, guaranteed. stuart: yep, i guess so. congressman mike waltz, very much for joining us on an important day. we appreciate it, sir. see you again soon. >> thank you. stuart: check futures, please. the opening bell's coming up. we've got some red but not much of it. the opening bell is next. ♪ disturbia, like the darkness is the light.

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now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. stuart: futures showing not that much price change so far on the markets. if shah ghailani's with us this morning. look, shah, yesterday the market

sold off when iran attacked israel. when israel attacks iran, as they're likely to the, will the market sell off again? >> i think it will, stuart. and, of course, it depends on where israel strikes, how it strikes, and if it strikes some of the, well, what we believe to be the weapons production sites that are keep in iran territory and and also deeply underground, they're going to have to use excessive force to try if and reach those if they do, indeed, go after the nuclear capabilities that iran is trying to build. that will cause serious damage, and i think that will result in further retaliation from the iran side over to israel. so, yes, this could easily blow up in the area and bring in other actors. stuart: you're the king of the dip buyers. we had a dip yesterday. did you buy anything? >> no, we didn't yesterday, stuart. it wasn't significant enough dip, and given consideration for

what could happen, again, if this war widen, i think we might get an understood. i hope not, but it's possible that we could get a deeper dip if, indeed, this spreads. we're hoping it doesn't. the economy, everything else going great. we have -- we're very happy with the long positions we have. we'd always like to add to some of them, but i don't know this is the time to buy this brief dip that we saw yesterday. i'm fearful that we may see something worse. stuart: so the really dark cloud that's hanging over this mark at the moment is not the port if strike, it's not -- [audio difficulty] as much as we would like to. no, it's iran and israel. that's the dark cloud. >> yeah. that's what's immediately in front of us. as far as the port strike goes, that may put upward pressure if on prices depending on how long that lasts. i think if we go into a week or two, beyond before the election, i do think that president biden would step in and halt that strike. but i think long term that

effect is going to be problematic because we see what labor is doing around the country whether it's boeing workers going on strike and demanding tremendous pay increases or what the dock workers are wanting here in terms of eliminating any use of artificial intelligence, robotics. these are game-changing demands, and i think we're going to see that movement continue. that's going to put prices, further pressure on prices, and that means that the fed may not be able to cut. so the market has that to worry about. stuart: okay. there's a few worries out there, and you're taking them all under your belt. shah ghailaniing thanks for joining us. see you again soon. we're about to open this market, just a few seconds here. hanging over the market is the likely response of israel to iran's attack of, rocket attack yesterday. they are going to respond. how, when and how severe the response will be we don't know, and we wait and see what the market impact is when we find out. the market is now open.

the dow has opened on the upside is, but if you look at the dow 30, most of them are in the red. we've got just a 4-point gain for the dow industrials now, that's disappearing rapidly. i'd say flat to ever so slightld south, down 9 points on the dow. s&p 500, that has opened with lot -- loss of about a quarter of 1%, and the nasdaq composite also opening to the downside, also down one-quarter of 1%. let's is have a look at big tech. a mixed peck if church microsoft if gaining concern picture. alphabet virtually unchanged. apple, amazon, meta if all down. taylor's with me this morning. what's this about the release of the new iphone model? that's intriguing. >> fresh off the iphone 16, but they're already in talks to do more of a lower-end model early next year. it gets rid of that good home button that i know you like. all this is really for the taking on of the big competitor.

they're losing to android, huawei, so this is a plan to stop that. stuart: okay. let's talk about nike. they are way down this morning, a 7% loss. they reported i think after the bell, was it in. >> yesterday. stuart: what went wrong? >> everything, unfortunately. revenue, a big miss. more importantly, not only was revenue down about 10%, but it hit both direct to consumer and the wholesale business, and that's been a problem. they tried to do wholesale, then they tried to do direct to consumer. consumers are confused, and now none of the business is thriving. the new ceo takes the over october 14th. they want the new ceo to come in and have a fresh look at the company. stuart: ouch. down 7% -- 6% now. not good. how about tesla? i know we found out what their deliveries were in the third quarter. i guess they weren't great because the stock's down 4%. >> fresh, hot off the press, just shy of 463,000 deliveries in the quarter. now, that is an improvement sequentially over the previous

quarter but, again, we're still down year-over-year. it was a little bit shy too of the whisper number on the street. they had expectations closer to 4700,000. so, again, an auto market that's struggling. stuart: what about ford deliveries? >> also struggling, also fresh, hot off the a press here. deliveries for the sales, they rose about 405,000 units overall. now, that is about a 7. -8% improvement year-over-year, but overall a broader car market that is struggling with aaffordability issues. stuart: then we have china stocks. if you put them on the screen, i can tell you now they're all up again. this must be the stimulus effect that's keeping going. >> ole. pull out the baa zock ca, right? -- bazooka. mainland china stocks are closed until october 8th for a big holiday, but you're get a lot of trading here in the u.s., and chinese stocks trading in hong kong that is open. when they cut interest rates, everything rallies. stuart: i saw oil at $722 a

barrel -- 722 earlier this morning. i presume the oil companies are up in yes, they are. >> 100%. when oil rises, oil stocks rise with it. this is all on middling east tensions. oil is sort of a key beneficiary of all the tension in the middle east. stuart: when israel retaliates, it could go after iran's oil supply or operations. if it did that, the price of oil would really go up. this is just a small taste of it in advance. now, bitcoin, i know it was at $66,000 less than a week ago. now i've got it at $600,000. what went wrong -- 600,000 -- 600,000. >> if would say it is a classic risk asset. maybe we'll call this a diversification play. maybe people are -- will try to say a hedge against inflation. when you get out of equities and go into oil with techs in the middle east, bitcoin suffers.

stuart: look at amazon. a shockingly large number of employees may quit over the full-time return to the the office mandate. how many people are we talking about? >> in a survey, or 73% said that they are thinking about quitting, and80% -- 80% said they know a colleague who is thinking about quitting. this is a huge revolt for andy somewheres city's big return -- andy jassy's return to the office play. it's easy to say in a survey i want to quit, it's harder to the pull that trigger. stuart: exactly. especially if you've got a job which you rather like. taylor riggs, thank you very much. good stuff. quick check of the big boarding we're down 1600 points, back below 42 the ,000. there are some dow winners, and and here they are. unitedhealth, chevron, salesforce, intel and boeing all on the upsidement not by much. the s&p 500, caesars entertainment, diamond if shamrock, cf industries, unitedhealth on that group as well. the nasdaq winners, pinduoduo,

again, a china stock, obviously. global foundries, diamondback, lam research, kla corporation. the 10-year treasure i yield going up this morning. that's a reversal of yesterday's flight to safety. people were buying treasuries yesterday, forcing the yield down. this morning they may be selling them, forcing the yield up. 3.81 on the 10-year. the price of gold, $2679. bitcoin can, as we showed you earlier, you're at $60,000 a coin now. the price of oil, again as we showed you, it's up to $72 a barrel. nat gas on the upside as well, almost $3. a -- the average price for a gallon of regular gasoline, $3.20. no change. california, you've got to pay $4.68 per gallon. coming up, remember when the biden-harris administration warned iran against attacking's ream? -- attacking israel? >> what is your message to hezbollah and its backer, iran?

>> don't. don't, don't, don't. >> what's the message to iran? >> don't. >> don't do it. stuart: iran ignored that message. do they not take the current administration seriously? that's a good question. we'll ask it of lieutenant general keith kellogg to. msnbc didn't like it when vance tried to fact check illegal immigration during the debate. >> i actually think if you're a woman, that might be the worst moment j.d. vance had because he was going to mansplain right over that mute button. stuart: really? kennedy's got something to say about that. vance admitting walz had a tough story to spin about the biden and harris economy. >> you got to pretend that donald trump didn't deliver lower inflation, and then you've simultaneously got to defend kamala harris' atrocious economic record. stuart: there's more check

uncertainty today with port strikes. economist e.j. an tony spells it out for us next. muck billie jean's not my lover. ♪ she's just a girl when thought i am the one. ♪ but the kid is not my son ♪

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no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. stuart: 1 is 11 minutes into the trading session, and the market is headed south just like yesterday. we're off 128 points on the dow and down over 100points on the nasdaq. we don't know when and how israel will attack iran, we know they're going to, and that's a dark cloud hanging over the market. bitcoin down to $60,000, etherium also on the downside. i want to get back to the strikes at the east coast and

gulf ports. lydia hu is in new jersey. are there any negotiations of any kind, lydia? >> reporter: no, stuart, there are not. they seem to be at an impasse still on what is now day two of the strike. and, in fact, the u.s. maritime alliance which represents the group of employers is urging the union, please, respond to that latest offer that was conveyed just before this strike started. the alliance is writing in a statement they issued yesterday, quote, our current offer of a nearly 50% wage increase exceeds if every other recent union settlement while addressing inflation and and recognizing the hard work to keep the global economy running. again, stuart, no formal response has been made to that offer, but the union president, harold dagget, told me yesterday he wants at least a $5 per hour wage increase across the board for the duration of the next contract in addition to protections from automation to

keep jobs safe for his union workers. here at the picket line today workers are back, if they are passionate about demanding what they think they deserve. but i talked to some of them, and they tell me they're also aware about the concern that the strike will impact the economy. still, one worker told me that he thinks they're being blamed unfairly. watch this. >> we are hard working menwomen that work 24 hours a day -- men and women. there's a lot of fake news that goes on. people watch too many movies. they think that the longshoremen are bad guys. we love america. ila, i love america. >> reporter: and yet, stuart, we're already seeing the consequence of the strike starting to tally. we have six ships at least or that are now anchored outside of the port here in new york and new jersey, dozens more are on their way. those all contain goods that all of us, everyday americans, need

that now won't arrive on time because we don't have the port workers to the unpack them, and there goes the supply chain debacle all over again. stuart, back to you. stuart: lydia hu in the middle of it. j.d. vance went after tim walz's comments on the economy in the debate. watch this. >> honestly, tim, i think you've got a tough job here because you've got to pretend that donald trump didn't deliver rising take-home pay which, of course, he did. you've got to pretend that donald trump didn't deliver inflation -- lower inflation, which, obvious, he did, and you've simultaneously got to defend kamala harris' atrocious economic record which has made gas, groceries and housing unaffordable for american citizens. stuart: economist e.j. e.j. antoni joins me on the set. e.j., i thought that was a really good line. kamala harris' atrocious economic record which has made gas, groceries and housing unaffordable for american citizens. that kind of stomachs it up, doesn't it? -- sums it up, doesn't it? >> i think so.

he did a really good job of articulating just how much of a contrast there is between the economic record of these two the administrations and, frankly, what a difficult spot the democrat vice presidential candidate was in last night having to defend -- stuart: he wanted to cover it up. you know, he didn't want to talk about the last three and a half years. but that one-liner forced it right out in the open. >> exactly. and and really anytime i think walz did talk about the last three and a half years, he tried to blame it on the previous four years which, again, doesn't really pass the smell test. vance did a good job pointing that out. stuart: yeah. i think vance won, do you agree? >> i think so. and far more important than my opinion is the opinion of the voters. and if we look at the polling data even among the liberal news outlets, it shows that voters overwhelmingly thought vance won. stuart: yeah. new york times says he was dominant. there you go. listen to what speaker mike johnson said about the republican plan for the economy. watch this. >> first, we'll promote if investment and opportunity, and we'll do it by extending and

building upon the trump tax cuts. number two, we'll use your economic -- our economic weight to prioritize this nation. gone are the bay -- days of allowing china to steal our jobs and technology and exploit if our trade deals and hollow out our manufacturing sector. third, under our plan we will revive and empower our energy sector. fourth, we'll reform our education system. by maximizing school choice for parents and holding elite universities responsible for de-education and out of control costs. stuart: if he can get it all done, that's a winning plan, isn't it? can he do it? >> i think so, stuart, absolutely. i don't think it's a winning plan because of the rhetoric, the messaging or the promises, but because of the record, right? these are things that already happened under the first trump administration. and so, again, there's a proven track record there that shows these ideas work. store stuart one thing that worries me is trump says he can cut energy prices in half in one year. that means oil goes down to,

what, $35 a barrel and gas goes to $1.60? is that doable? >> i don't know if it's so much a focus on the wholesale price level as much as the consumer price level. can we get gasoline down not only by reducing the cost of oil per barrel, but also by reducing regulatory cost and taxes which increase the cost of that gasoline tremendously. stuart: yeah, but can you cut it in half? >> i think overall you probably can if you're talking about the entire basket of energy that the american consumer uses, again, whether that's electricity prices, piped natural gas in the home, gasoline, everything together. stuart: e.j., you are a true believer. thanks for joining us. >> thanks for having me. stuart tooth j.d. vance won last night's debate, that is my opinion and the opinion of most media outlets. "the new york times" says vance was dominant. it's hard to find anyone who thinks walz won. his supporters put his loss down to inexperience on the debate stage. vice presidential debates don't often affect the election, but this one might. that's my take, top of the hour.

florida homeowners face the highest home insurance rates in the country, hurricane helene is going to make things worse. our real estate expert, mitch roschelle, has the full story next. ♪ lord, i was born a rambling man. ♪ trying to the make a living and doing the best i can. ♪ but when it's time for leaving, i hope you'll understand -- ♪ i was your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients. try pronamel mouthwash.

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stuart: today biden and harris make separate visits the communities devastated by helene. the president goes to greenville, south carolina, then he goes up north the value league, north carolina. harris will head to georgia. she'll survey the damage, and she's expected to make remarks later on today. homeowners in florida facing an insurance crisis. mitch roschelle is with me now. homeowner insurance costs in florida were already sky high, now it's going to get worse. is there anything a homeowner can do? >> they're going to go sky highier if you live in florida -- higher and even surrounding states. two things. one, the most powerful lobby in tallahassee, the the capital, is the insurance companies. so there are laws in florida that don't exist in other states like you can just drop a customer without cause. in new york you just can't drop

a customer without cause. florida can. so insurance companies are holding all the cards. but what's your hack if you're a homeowner? keep raising your deductible. raise your deductible. is you have a $5,000 deductible, make it 10, because in reality you'll, a, be on the good side of the insurance company who may be thinking of dropping you and, b, you know, the extra $5,000, the repayment of that is the fact that they're going to keep your premiums lower. stuart: in some states you have to have homeowner insurance. is it mandatory in florida? >> not to my if knowledge mandatory in florida or but if you have a loan on your home, a mortgage on your home, the lender is going to require you to have homeowners insurance. and if you're in a flood zone, flood insurance, which is a whole other bag of worms because flood insurance is really only obtainabling through fema, through the government. and really many of these claims that you're going to see are flood claims. but the interesting thing is

when you have water damage in your house, many times it's wind that caused the water damage. the wind blew off the roof and the rain came in. is you have this push-pull fight between the fema insurance carrier and the flood claim and then your homeowners policy citing who's responsible. stuart: why not just self-insure? if you've got the money is you don't have a mortgage, why not self-insure? >> let's say you have a million dollar home. you want to take that risk if your home is wiped out? if you have a million dollar home, the land is worth something, but i'm not a big fan of self-insuring. i like co-insuring by raising the deductible. i've raised my dedeductibles on my home, my home in florida which is my primary residence and my home in new york considerably, and my insurance company loves me because i'm willing to take a big piece of the risk. so that's a way to sort of win a little bit. stuart: that's one way around a little bit of the problem. all right. mitch roschelle, thank you very

much, indeed. i see some green for the dow industrials. there's a turn-around. the nasdaq's still down close to 1000 points. cnn admits j.d. vance comes out ahead in the debate. i think he won too. let's see how mike huckabee scores it. new york city, mayor adams back in court after holding a noticeably solo weekly press conference. where was his team? brian kilmeade on that. israel vows revenge after iran's ballistic missile strike. will u.s. forces intervene at all in what role do we play? lieutenant general keith kellogg coming up. j.d. vance corrected moderators, then he was accused of mansplaining. kennedy that is a a lot to say about that. the 10:00 hour is next. ♪ i'm right over here, why can't you see me? ♪

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