maria: finally, families affected by hurricane milton urgently need support, donate today to hurricane mill tennessee recovery efforts and residents in need in north carolina by scanning the qr code on your screen or by going to redcross.org/foxforward. final thoughts real quick, mark tepper. >> inflation came in hot. the jobless comes -- claims number, unfortunately, spiked, but the fed's till going to bring that 25 basis point if cut. maria: jonathan madison. >> my thoughts and prayers are with the hurricane victims. we talked to the reds cross today. i hope that everything works out. maria: todd piro. >> i coke those sentiments. republicans, don't spike football on the poll toes. it's all about registration. maria: the dow jones industrial average showing decline of almost 100. "varney & company" begins now. stu, take it away. stuart: good morning, everyone. the sun is up, is and we have

eyes on the aftermath of milton, and the news is in on inflation. it has picked up a tick. first, though, milton. it's now moved into the atlantic as a cat one storm. it has left behind widespread flooding that stretches from the gulf coast to orlando. 3.3 million without power at this time. you will see dramatic video of rescues and of those tornadoes. next, the inflation story. the consumer price index moved up 2.4% over the last year. that is a little warmer than expected, same with the month over month number, up 0.4%. i think it was 0.4. no, i'm sorry, the graphic is correct. up .22. that is a little stronger than expected. this affects the federal reserve's interest rate strategy and so because the jobless claims number. much higher, 25 the 8,000. -- 258,000. here's the market reaction. on the downside. the dow off maybe 100 points, the nasdaq off also maybe 1000

points, a limited reaction -- 100. a limited reaction. the 01-year treasury just over 4%, you're at 4.007 now and rising --4.07. higher inflation is doing the trick. the 10-year going up. the 2-year though at one point just a moment ago was below 4%, it's now at 3.99. bitcoin, $60,000 and change, 60. 800. got it. oil, $73 a barrel. no, $74 a barrel. it went up in the last half hour. gas up one cent at $3.the 11, diesel at $3.611. gold still just above $2622, 6 -- 22,60 -- 2, 600. on the show today, the president seemed to lose his temper, he accused donald trump of lying about the administering's hurricane response. when does criticism become disinformation? we'll take you all across florida listening9 to the

experience of those who lived through the worst of milton. trump notes a new tax cut. he wants to abolish the tax on americans working overseas. we will contrast trump's tax cuts with kamala harris' tax hikes. and the robotaxi revealed today. elon musk is everywhere, campaigning with trump, bringing his starlink to remote if disaster areas and now showcasing tesla's future. where does he get his energy this it's thursday, october 10th, 2024. "varney & company" is about to begin. ♪ if. ♪ ♪ stuart: hurricane milton made landfall late last night just south of sarasota, florida. lauren, take us through what we know so far. plurp lauren it flowed -- plowed through as a category three storm but has weak withinned as a category one as it moves offshore now. heavy rains could still flood

parts of the gulf coast with storm surge of 3-6 feet. remember, they're still dealing with the afterhath of helene. 3.3 million in the state without power. the unique characteristic of milton was the unexpected and unusually strong and long-lived tornadoes that came with it. officials say multiple people are dead in a retirement community in st. lucie county. a record 19 plus twisters touched down many that one area. in that one area. and hook at this video of tropicana field. the fiberglass roof, completely shredded. it had been used as a 101,000 -- 10,000-person shelter. fortunately, they were relocated but the roof just blown off by the winds of milton. stuart: all right, thanks, lauren. congressman mike waltz joins us now. he has to be on the phone, i believe the the power is out at his are residence. what kind of disruption are you

seeing this morning? >> thanks, stu. we're still a little bit in the if thick of it, i'm on the east coast, with9 major wind gusts. nothing like what sarasota or tampa faced, but we get the flooding from the west, the the major push of water in intercoastal waterway, our rivers, our lakes. then there's, which it's doing right now, as it pasts off the east coast, the the wind whips around like a right hook and forces a storm surge back onto our beaches. actually, north of the eye wall. it's the opposite of when it comes in. but -- stuart: congressman, we're showing our viewers at the moment those tornadoes which were a spectacular part of this storm. i believe a record number touched down, something like 13. i'm not sure a what damage they did, but this is a unique feature of this particular storm in the florida. >> yes,es. yes, it's. we didn't get those in my district, in northeast florida,

but southeast, st. lucie and others, really got hammered. we've had a number of deaths because of them, because i think they were just completely unexpected. but florida, florida will recover. we've got a lot of people without power, but florida power and light alone has 17,000 employees deployed, tens of thousands of trucks, and we've invested in the state from a resiliency standpoint, for example, putting power lines underground with new developments and hardening our infrastructure. so we'll bounce back. stuart: you will bounce back, indeed. congressman, thanks for joining us on a difficult day. always appreciate it. >> all right, thank you. stuart: that's the storm. let's get to inflation. we got the latest read on consumer inflation earlier this morning. prices up 2.4% over the last 1212 months. any her on this, please? lauren: so the story is that headline inflation continues to move the last mile to that 22% target, it's -- 2 percent target, the it's just taking a long time. 2.4% in september, lowest since

february of 20221. okay, let's move on. the problem is the core. still moving up. 3.3% on an annual basis after two months of 3.22%. housing, big reason for that. insurance, big reason for that. so are services like transportation, up 8.5% in the last year. if a nearly 5 percent increase for shelter, 3.6% for medical services. energy keeps moving lower, down 6.8%. look, i think jay powell and the fed were looking for a permission slip to focus more on the labor market, not inflation, as they look at that dual mandate, and i'm not sure the the teacher signed jay powell's permission slip -- stuart: that's a good one, nicely put. lauren: 3.3% core. stuart: adam johnson joins me this morning. what does that consumer price index number mean for the markets in enter well, the market is now down a little bit because it means that the fed cannot cut rates as quickly as many traders believe.

and that's probably actually a good thing. and i'll tell you why. i think the market got a little ahead of itself. the market got a 50 basis point cut a few weeks ago, so the market said, you know, we'll get another 50 in november, another 50 in december and, by goodness, a full point next year. that's too much. and so now we're saying well, hang on, inflation is coming down, it's just not a straight line. the fed will go strongly. stocks can still go up, but we probably got ahead of ourselves, and this is just a little check. stuart: the other big story, the storm, cpi, we've also got the tesla robotaxi. >> yeah. [laughter] stuart: speculation, that's whats, about two-seaters, butterfly doors and those thing- >> they're cool. stuart: they are. [laughter] what do investors actually want to see? >> i don't want to see a robotaxi on the street if i'm a pedestrian, to be perfectly honest. i don't think robotaxis are quite ready for prime time. they're incredibly exciting. they're fun the talk about.

they're fascinating to watch. the technology is incredible. i think there are applications for which a robotic car or van is very important, but i would say a controlled environment like a warehouse, not necessarily the corner of 47th and sixth avenue around, you know, from the studio. stuart: well, that's what we might if see today. want to see a self-driving demo in a controlled environment like a movie lot -- >> yeah. stuart: it's a closed course. you show me that, you've made progress. >> oh, for sure. i mean, there is an application for this. well, lauren -- where was the warehouse you were yesterday? lauren: i'm so glad you're bringing this up, i was at amazon. >> yeah. lauren: not to steal or your thunder, you don't see their a.i., you don't see their robots. they're in the background. they're not noticeable. if elon musk comes out with a have vision of a humanoid robot, which is expected because the theme of the event is werobot, i'm not sure investors are going to be that into it.

as for the robotaxi, i think they want the demo and and the timeline, and a lot of people are concerned about -- stuart: we want to see it >> think about it in a warehouse you can have thousands of robots interacting with one another and doing things safely, but it's a controlled environment. that's very different from, you know, new york city where there are pedestrians. so i think there's a place for robotaxi technology, i'm just not sure that that place has me in it, if you know what i mean. stuart: i'm not sure it's good for new york city anytime soon. >> no. but, you know, there's something about it that's futuristic and cool, and he's cutting edge, and there is a place for that technology. stuart: all right. see later on today. adam, stay with me, please. the biden administration is warning about price gouging in florida after milton. lauren: this comes from kamala harris. any company or individual that tries to exploit americans in an emergency should know that the administration is monitoring for allegations of fraud and price gouging and will hold those taking advantage of the situation accountable. look, many airlines started to

cap fares because evacuees were posting on social media, like, screen shots of, hey, my one-way ticket from tampa to st. louis is $1,000. there was a budget hotel, normally $9 00 a night, went up to $5500. -- 550. a lot of the companies course-corrected. a reminder if you're going to give to a charity for disaster victims, do your research because that's another scam. stuart: what you get about price gouging in florida in >> so this is a key insight into the minds of not only kamala harris, but democrats. the message should be, let us come together. we will get through this. we are strong, we are americans, we are resilient. instead she's saying, well, there are going to be price gougers, people taking advantage. what an unfortunate message to the american people. we immediate a leader who is optimist in, who is strong, who will get us through it, not who warns us about the downside. i'm very, very disappointed.

but i'm not surprised by ms. harris' reaction. stuart: all right. thanks, adam and lauren. coming up, in the polls harris seems to be stalled, and the democrats seem anxious about it. watch this. >> what's also creeping in now is that anxiety. the reason for that is because these polls are not really moving. if stuart: has harris lost her momentum? good question. biden and harris are slamming trump claiming he's pushing lies about hurricane relief. watch this. >> these lies are un-american, and there is simply no place for them. >> well, consider themselves a leader would mislead desperate people. stuart: are biden and if harris deflecting criticism over their own hurricane response? pete hegseth will join us later with more on that. ♪ ♪

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stuart: futures, 14 minutes before the opening bell, look at that. nasdaq down 100, and the dow down 84 points. let's get back to hurricane milton danamarie mcnicholl's still getting the tail end of the storm, right? >> reporter: that's right, stuart. we're just feeling winds and a little bit of rain. nothing compared to this morning or even last night. as you can see behind me, a lot of destruction. this is from a tornado. we're going to bring you as close as we can the so you can see how devastated this super cuts is. the roof completely blown out. obviously, every inch of this business is completely destroyed. so what happened yesterday around 6:45 p.m. there was a tornado warning off the coast of cocoa beach that came through and ripped this community.

there is a neighborhood even behind us that had a lot of damage to homes. on on the back side of this building, because it is all glass, it really felt those powerful winds last night. on the west coast, they were bracing for that flood and wind event. on the east coast, fox weather reported 126 different tornado warnings, so that is what we were dealing with yesterday evening. i was hunkered down in the hotel kind of watching what was going on. we also talked to some people out here, the mayor said that him and his daughter was hunkererring down, they had a lot of damage to the their home. another couple said waiting 20-30 seconds going outside to see what was going on saved their life. >> i said i would come out and turn the pool pump offs which is behind the screen, and she said, no, don't go yet, and it wasn't 20, 30 seconds later where the wind just went crazy. the tornado came in if all this happened. and i would have been stood right here turning that pool

pump if off when it happened. >> reporter: and thankfully, they are okay. but now this is the time when people come back to their businesses. florida eye associates, they just it would me they did a $500,000 remodel and now a lot of it destroyed. so this is the beginning part of clean-up efforts, 3.1 million people out of power. governor desantis just said there are still 80,000 people sheltered -- sheltering. now, of course, as the storm moves off the coast, that's the cleanup. stuart: danamarie, thank you very much, indeed. according to a new gallup poll, trump is leading on the top three voter issues. he's got a 9-point lead on the chi if immigration and a 5-point lead on foreign affairs. sean duffy with me this morning. trump isn't leading in the national polls, but he's leading in many battleground states and and on the top issues. he seems to have momentum, right? >> he does, but it's a bit

confusing, stuart. again, i think at lot of republicans don't answer the polls, so they have to do additional assessment. and if more republicans did answer polls, what would they look like, because it makes no sense. but again, when you look at the economy, it shouldn't be this close. when people look at the basic necessities of life, of food and their shelter, whether it's their home or their rent, their car, their insurance, they can't afford to think about abortion or climate change. and so, again, i think something's amiss with the polling right now. i think trump is doing better than what the polling would say especially when people talk about what really matters to them and what they're looking for. kamala harris just did an interview on "the view," and if you want a different economy going forward, you wouldn't go on "the view" and say, listen, i wouldn't change anything that joe biden and i have done over the last three and a half years. you're, like, well, that didn't really work for me, stuart. [laughter] i'm many a lot of financial pain. i -- i'm in a lot of financial

pain. i want someone who's going the fix the economy. stuart: good point. cnn says democrats are worried about the direction of the harris campaign. listen to this. >> this has been a campaign that was described by multiple democrats, allies, aides to the vice president as the good vibes campaign. but what's also degreing -- creeping in now is that anxiety. the reason for that is because these polls are not really moving despite multiple battleground blitzes, despite the opportunities she has had across media outlets. they know the polls are tight, and a lot ofs us having these flashbacks to the 2016 too. stuart: sean, trump has momentum, harris has stalled. my question is, who's going to break out and how? >> i think you're right. trump is -- it's not a massive surge ors but it is a slight surge. and the throwback to 20216, stuart -- 2016, is the fact that that kamala harris is only

working two out of every three days, right in the one thing this campaigns, i know this very well, you don't get one hour, one day, one week, you don't get any time back. time is critical. if you don't maximize it, i think the strategists are seeing this. if you talk to the strategists who are seeing internal polls for democrats and republicans, both of them agree they think trump does have the momentum. and, again, if you want to win, you've got to actually have a message, and you can't come out and have these diatribes, word salads where you say a lot of words that make sentences and paragraphs but have no meaning. in this time especially with foreign policy, economics, the border, they a want real policies that's going to fix these problems. stuart: i'm not picking up the joy. sean duffy, thank you very much. see you again later. >> the harris campaign just passed a big fund raising milestone. it was a big one, wasn't it? lauren: a billion dollars in 800 days. we've never seen that before -- 80 days.

it's enthusiasm from the big and small donors. does it move the needle? can you possibly spend all of that money? stuart: oh, yes. [laughter] yes, you can. lauren large you cut more checks for the down-ballot races and spend money on advertisement. there's a major difference between a paid advertisement, can that ad that you cut sway voters? maybe. or you can do earned media. you can do more interviews in the right places to convince people that they should vote for you. so it's all the money in the world, and it might not move the needle. stuart: thanks, lauren. check those futures. look at them go. down just a little, not that that bad, down 100 percent if nasdaq, down 70% dow. the opening bell is next. -- down 70 for the dow. the opening bell is next. ♪ ♪

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just might be the answer. stuart: check the markets this morning, three minutes to go til the opening bell. nasdaq the standout, down 100 points. d.r. barton joins now. consumer prices up over the last month, that understood can seem to be a huge negative, does it? >> it's not a really big negative, stuart, for the market

because we've already seen inflation continuing to drop year-over-year. we're up a little bit more than we expected, so it's the expectations game versus what's actually happening. and i think we got it right earlier in the show, this'll just dial back the fomc just the teeniest bit which is not a bad thing for the markets. stuart: 22.4% -- 2. 4% inflation at the consumer level, no big deal. the department of justice has threatened to split up google, but you still like them. you still want to buy that stock. why? >> i do still like them, stuart. we've seen this happen before. the worst case outcome is they split up google a bit, and that's a good thing for investors or in general. we like to see things that are broken up so we can value them more properly. however, i think this process is going to be a long one and thats it is going to depress google's

price a little bit more which'll make it an even better buy. and i think that over the next year we're going to see up movement in google, not down. stuart: where do you think it's going? it's at 160 as of right now. >> i think we have 2000 back in sight den -- again -- 2000 -- 200. stuart: even the if they go forward and break it up? would the stock still go to 200 if they really were to try hard to break it up? >> i think it will, stuart. and if they try hard and succeed, that's when i see when we get some certainty out of the whole thing. it's the same thing we saw when microsoft -- with microsoft many decades ago when the certainty came back in from the doj action. that's when we got the up move again. stuart: the election seems to be a toss the-up at the moment. i'm not going to the say it's a dead heat, but it's pretty close. does the election make any real difference to the market at this

point with, what, three and a half weeks to go? >> i think the thing that the market's concentrating on with the election is, again, the certainty of the outcome. i think the big thing that's happening is that the betting markets are showing the red team gaining strength, and that's one of the things that we're keeping an eye on closely. and i think what happens there, stuart, as you've already said, the harris campaign is starting to drift down a little bit especially in those markets where people are placing bets on who's going to win and lose that the end result will be that as we get closer, people are going to say both teams have a chance, real chance, and that's going to give the markets some encouragement overall. stuart: okay, we hall see. thanks very much, d.r., the market is now open. we're going to open on the downside. let's see how much. the dow kicks it off with a very small gain. you're looking at a -if 8 points

as we speak. -- -if 8. maybe more like 80 points, close to a quarter percent if down. even split, winners and losers, green and red, even right from the get go. the s&p 500 also on the downside. not by much. about a quarter percent, 16 points. the nasdaq composite also opening lore. probably more than a quarter percent, yeah, down a half percentage point. 18,200 tois your level. big tech, a mixed picture, i cleave. amazon is up -- i believe. amazon is up, the others own on the downside. the tesla's big robotaxi event is today. the stock is at 241 this morning, virtually unchanged. what are we going to see, taylor riggs? >> there's a lot of hype around this event. this event was delayed. this is the big moment. we do know, of course, with the classic cyber cab, the butterfly doors, maybe a two-seater passenger, but there is maybe surprise. they could have a robo van that

a lot of people aren't expect expecting. it would carry about a dozen people. this is about the self-driving technology. elon has said if you think we're a car company, get out of the is stock, don't invest. we are an a.i., fully self-driving company. that's who he wants to target. stuart: okay. adam, what have you got to say about this? >> i think it's a real cool technology that's not quite ready for the streets of new york. [laughter] you knowings put it in an warehouse, in an airport, in controlled spaces, you know, but don't put a robotaxi next to he on the sidewalk. stuart: i've got to get to costco because they reported higher sales in september, i think they were up 9%. >> yes. stuart: but the stock is down just a fraction. it's down. >> yeah. look, i did this for you. remember, september 1 they raised the price of that a basic gold membership up to of a 65 from 60, that was the first price hike in seven years. that was a big deal for costco, to see would it increase demand or not. shoppers are still shopping at costco. stuart: yes, they are.

adam, do you like this -- >> i do shop at costco, i don't own it. i think it's a brilliant company. i don't know why i don't own it, to be perfectly honest. maybe i never thought it was dynamic enough or sexy enough or cool enough. well, i'm wrong. stuart: it really is. delta, the stock is down about a .7%. they reported before the bell this morning. how badly did they do? >> they're saying that crowdstrike outage did cost them about $3800 million for the quarter -- $380. and they are seeing a little bit of a cut in their guidance. they did say people are pulling back on travel ahead of the november elections. there seems on the maybe some uncertainty in the next month. stuart: adam, i don't buy airlines, do you? >> it's the only airline i've ever owned. it's an ingenious company, the way they run it. it's not just people in the cabin, it's cargo underneath, there's parts associated with it. they own a refinery as a hedge on fuel, and they also have a deal with am-ex whereby they

sell surplus seats to am-ex and then they can award that through points. so there are a lot of reasons to like delta. it was down, you know, 6% as soon as the number came out, now it's down 1 or 32 the. yeah, just own it. it's cheap, by the way, seven times earnings. stuart: here's a story that maybe has real cig neff cannes. arrests made at the foxconn plant in china that makes iphones. taylor, that sounds to ominous, to me. >> it does. four taiwanese workers in the factory in china, china arrested them. as you know, we never get details. they said something like it equates to breach of trust, but no one knows what that means. taiwan looking into it, but we really don't know anything except that foxconn is a big maker of the plant where they make iphones. stuart: i wonder if it has something to do with the relationship between china and the united states and apple and

china? >> that would seem like a logical connecting of the dots, i agree. the problem with china is they move the goalposts, you know? you just don't know what you're dealing with. stuart: dominoes, pizza people, the stock is down. >> this is the largest pizza chain, but they're cutting guidance, citing a lot of macroeconomic conditions. but they kid see better volume and price last quarter. but really it is going forward, again, similar to other companies that we've heard of, pulling back, give given some of the uncertainty. stuart: you don't buy pizza companies either, do you? >> no, sir. stuart: okay, let's move on. [laughter] what's this about a porch pirate problem for at&t? >> this is fascinating. okay, so you have porch pirates who dress up as amazon delivery people. they are somehow getting the fedex, tracking number for at&t iphones because at&t does not require signature on delivery. the minute the fedex guy drops it off on the porch, and this is multiple states, they

run up, take the packages, and somehow they are getting away with this. stuart: that's a big deal. >> it's a huge problem. it makes you wonder if they need to start requiring delivery signatures, if fedex needs to be more careful with maybe how tracking numbers are getting out. but they're dressing up and stealing poem's packages. stuart: it is a fixable problem, obviously. all right, adam, you brought a couple of stock picks. you're going to to start with uber. full disclosure, i own a thin sliver. >> oh, good for you. i think it's going a lot higher. first of all, i'm not a chart guy, i'm a fundamental guy. this chart looks like a coiled spring, which is wonderful. i think it's going to wreak out towards 100. but what's really going to drive it, stuart, is not that they're carrying more people or stuff, yes, they're doing that, but the new advertising program they now have on the phone. so when you're standing there waiting for your uber and staring at the screen, you are a captaintive audience -- captive

audience. i think put ads in there. right now people think they're going to earn $22-- 2.50 next year, i think it's more like $4.50, maybe even $5 which means the stock is trading a lot cheaper than people realize. stuart: you are the third analyst on this program in the last two weeks to say uber is going places. >> yes. yes. stuart: what is celestica? >> it's a contract manufacturer that started off years ago as the group within ibm that made hardware stuff. they pun if out, and now they're effectively -- they spun if out, and if now they're doing what super micro computer does, they combine the chips, the software, the racks, the wiring so if you want a full a.i. platform in your office for your business, you can do it. and, by the way, the success trades at 15 times earnings with 35% if growth. you want a cheap a.i. play, this is your one. stuart: okay, got it. >> oh, by the way, that chart also looks like it wants to go.

[laughter] stuart: taylor, thanks very much. adam, stay right there. >> yes, sir. stuart: coming up, trump appeared in a 900-minute -- can 90-minute interview on a podcast popular with young americans. >> i can go so far here or ther- [laughter] and i can come back to the exactly where i started. [laughter] now, someday when you you don't come back to the where you started -- >> you're biden. stuart: trump the seems to be trying to appeal to younger voters. carine hajjar on that. alexandria ocasio-cortez promises a brawl if people try to force lina khan out. we're getting a looked at the disruption from milton. residents on the ground throughout the storm will tell us their experience. stay with us for the latest. we will be back. ♪ ♪

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stuart: on the markets, 12 minutes into the trading session, not that much price movement. some rather unfavorable inflation news, but the market's down just a little. the price of oil though, that's going up a fraction. we're at $74 a barrel right now, 74.18. look at the oil companies. they're on the upside mostly today as you would expect when crude goes up a little bit. exxon, chevronning conoco, bf all up. back to inflation. consumer prices up 2.4% in the last 12 months. lydia hu with me this morning. break it down for us, please. >> reporter: stuart, the real news is that the prices are rising faster than what we expected. the month over month price increases two-ten it's -- tenths of a point hotter than expected. and, stuart, i really want to focus in on the core inflation. that's going to the take out the volatile categories of food and energy. and when we look there, core

inflation is rising for the first time this year, core coming in at 3.3% year-over-year. the expectations to 3.22%, so hotter than what we were expecting. month over month if, or core inflation riding three-tenths of a percent, expectations was two to-ten to beths. that core inflation number coul. whether the fed is moving accordingly. of course, you remember in the last fed meeting from september we got that jumbo 50 basis point cut. the fed telling us the bigger concern was now the labor market. but just on friday we had that jobs report showing 254,000 jobs added in september, much more than expected. now today we're getting this inflation report that shows core prices increasing faster than expected, rising for the first time this year. that could stir concerns about is inflation under control. the main drivers of this inflation report, shelter costs, food prices. and if we look at these components under the biden-harris administration

since they took office, stuart, food is up 232. 3% -- 222 2.3%. -- 2 2.3%. home prices and rent up 23%. energy prices, they're soaring, up higher than 2929%. overall, prices have increased almost 20%, 19.999 %, since biden took office. now, of course, we had the hurricane, and that is bringing forth a host of concerns about life and recovery but with also some are concerned about our ability to collect economic data and assess fully the condition of our economy. watch this. if. >> the hurricane will likely show up in the data as a weaker labor market, fewer people will be able to go to work because of the hurricane events. and so, you know, that could lead the fed to, you know, cut again many november -- in november because the market a data could appear soft.

>> reporter: and, institute, as you know, this is the last cpi report ahead of the election. tomorrow we get the ppi report. i pulley expect the the biden-harris administration to tell us inflation is under control, but, stuart, price increases up 19.9%, i don't think people will forget that. stuart: just like the border's under control, right. thanks, lydia. next case, mark cuban says if kamala harris wins, she should fire lina khan at the ftc. new york congresswoman alexandria ocasio-cortez, she's coming to lina khan's defense programsing an all-out brawl. -- promising. kevin o'leary joins us this morning. all right, kevin, or i know you are not a fan of lina khan. you'd love to get her out, wouldn't you? >> i would because i'm a believer that it's not regulation that works, it's innovation. particularly in technology. we have lots of evidence over the last 50 years, you just let the market be the market, and innovation always wins out and

companies come and go. you don't need a french or european-like regulator, if that ooh -- that's what she's turned out to be. i think she'll move on if there's a change in administration. stuart: next one, kevin. two damaging hurricanes in a couple of weeks in florida. insurance premiums sky high, property taxes probably going up significantly as well. because this make florida real estate less attractive? >> no. [laughter] stuart: really in. >> i live in florida. stuart: i know you go -- do. >> no, no. we have lived with bad weather forever. it's a particularly bad hurricane season, but what drives florida is great policy on tax, great business regulatory environment, so you've got lots of jobs there. you've got all these guys from new york and new jersey and massachusetts moving there, moving their football services companies -- financial services companies because of the punitive tax regimes of those states. and then the one thing, stuart,

that matters the the most, there comes a point in your life when yourself just too old to be cold and you want to be warm. i like the wear flip-flop, i walk on the beach every day, i ride my bike 12 mime miles. listen, i can't get that anywhere else. i'm a miami if dude. stuart: are you referring to me being old and having to live in new york in the cold? and and i can go down to my house in naples, florida. are you talking about me, mr. wonderful? >> well, the guys in naples have dinner at 6:00. i'm having lunch at 6:00 in miami, okay? that eat what's going on there. stuart: that's your problem, son, let me tell you. mr. o'leary, i hope you're all right. and i hope you'll come and see us again real soon. have fun in miami. see you later. >> take care. stuart: there was accurate criticism of the government's response to hurricane helene. accurate, it was. j.d. vance correctly pointed out that the arrival of the military in the hard-hit remote areas of north carolina was delayed a week. why? biden and and harris though,

they reacted to this angrily, used some very harsh language. biden and harris are on the wrong side of the debate. that is my opinion, and that's my take at the temperature of the hour. the aftermath of hurricane milton, our next guest owns two restaurants in a flood zone in sarasota. he stayed through the storm. he'll describe his experience after this. there are. ♪ ♪ welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. patients who have sensitive teeth

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stuart: the hurricane. joining me now, share e soda, florida, resident. paul, you own an italian restaurant right in the middle of the storm path. what kind of damage are you seeing this morning now that you've got eyes on? >> well, good morning, stuart. we're extraordinarily fortunate yet again with the storm the. it takes a quick run around through the downtown area, it didn't have much except for lots and lots of trees down, a lot of power lines down, system damage here and there. -- some damage here and there. of course -- [audio difficulty] i checked out. but i think -- stuart: sir, you escaped a little. could you say that you escaped serious damage? >> oh, no question about it.

yet again. stuart: okay. what was -- >> absolutely. stuart: what was it like, what did it feel like when you were right in the middle of it? >> well, it was an interesting storm. the formation was interesting and to sit new it was even more interesting because the front end of it was very intense with wind, but it was only really about 20 the minutes, 30 minutes. the back end of it was, seemed to go on forever. and really dealing with what looks like primarily a lot of very, very loose and wet soil and a lot of enormous trees that have come down. it's just a question of where they come down. i saw relatively little damage from what i saw today. now, obviously, it's a very large community. i haven't been out on the barrier islands where i'm sure it's a different situation, but yet again we're very lucky. stuart: you say florida was properly prepared? >> i believe so. i think that, i think many more

people shuled heed evacuate -- evacuation warning considering we did have quite a bit of debris on the ground from the last storm. i can tell you that lots of people evacuated. much more than i can remember at any other time. stuart: well, maybe you dodged a bullet. that would be good, wouldn't it, paul? that would be good news, indeed. thanks for joining us, we really appreciate it. >> thank you very much, stuart. stuart: check those markets. 24 minutes' worth of business under our belt. still seeing some red but not that much. still ahead, pete hegseth will respond to biden's angry outburst over hurricane response which the president called disinformation and lies. we'll ask carine hajjar what's been drawing younger voters to trump, and judge judge jeff 9/11 is going to -- judge jeanine is going to discuss the migrant crime crisis. milton's destruction, we'll

bring you the latest. the 10:00 hour is next. ♪ ♪ ♪(voya)♪ there are some things that work better together. like your workplace benefits .. 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.

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stuart: 10:00 eastern time, you are looking at sarasota, florida. hurricane milton is a category one storm packing wind gusts of 80 miles an hour. more than 3.3 million floridians are without power. water rescues underway in orlando, we are going to bring the latest as we get it. we have eyes on the result of the storm. check those markets. some red ink but not a lot. dow is down 90, nasdaq down 62. the tenure treasury yield is at 4. 09%. 9%. that's not good news for the market. the price of oil is in the $70