maria: 30 minutes before the opening bell, final thoughts. >> get out and vote early. maria: yeah, good within. >> can trump bring along the the senate? maria: we'll see. >> it's literally a dozen days. we've been talking about this for years. maria: we're here. thank you, emily, mark and todd, great show. everybody have a wonderful thursday. "varney & company" pix it up now. stu, take it away. stuart: kamala harris has delivered her closing argument, trump is a fascist. he's dangerous, unstable and unfit the serve. that was the bottom line after

80 minutes of a cnn town hall last night. no answer to direct questions about the border, about major policy goals or who to blame for rising grocery prices. 12 days to to go, and for the harris campaign it's all about attacking trump. at this point it is it's in the working. the the latest wall street "wall street journal" poll shows approval of trump's first term rising, approval of vice president harris' term as vice president falling. trump is staying positive. he wants to retore the american dream, to bring energy prices down and grow the economy. that's what's happening. to the markets. first, you better take a look at tesla. elon musk reported strong deliveries, better than expected. the stock is up, what's that now? 14%. when i wrote the script, it was up 10%, newest the up 14%. that is clearly helping the they can- tech-heavy nasdaq to rally. dow's down about 40, but look at the nasdaq, up 167 points.

that's about .if 8%. in the bad. little change for interest rates. the 10-year treasury right around 4.22, down a little bit, and the 2-year still well above 4%, 4.06. bitcoin, $67,000 a coin, not much action. gold close to its record moving the $2,7522 per ounce. little action in oil, 71.15. gas, $3.15 per gallon for regular, $3.58 for diesel. on the show today, shocking numbers on the violent tren de aragua gang. more than 800 known members are in the country. ful kamala harris could not directly answer any questions last night about her responsibility for the border mess. the state of play in the election, trump still has the momentum. harris struggling to define just who she is. thursday, october 24th, 2024, "varney & company" is about to begin. ♪

♪ finish. ♪ ♪ i'm picking up good vibrations. ♪ she's give me excitation ♪ stuart: what's wrong with a little beach boys first thing in the morning? depends which camp you're n. yeah, that's right, trump's getting the good vibrations. i'm not sure about ms. harris. it's election season and, yes, we are in the home stretch. basically, we're getting mixed messages. harris going negative with aggressive attacks on trump, trump going positive with a message of hope. that's the way i look at it. good morning, madison. start with trump. he held a rally in georgia last night. what did he say? >> he talked about immigration, harris' rise to the top of the ticket while getting if in votes and delivered a message of what he will do if the american people promote him to the white house again. take a listen. >> i'm here today with a message

of hope for all americans. with your vote in this election, i will end inflation, i will stop the invasion of criminals into our country -- [cheers and applause] and i will bring back the american dream. gonna bring it back very quickly. [cheers and applause] our country is being destroyed and crippled by kamala harris -- [background sounds] a person that got no votes, no votes. therefore, she's a threat to democracy. but together we're going to fix our nation, and we're to going to fix our nation fast. >> crowd there clearly into the messaging. going into these final days, the trump campaign says their message will be vice president harris broke it, and former president trump will fix. trumps has more stops in swing states today, as you mentioned, and harris though, he held no campaign rallies on tuesday or wednesday. instead, focusing on interviews with nbc, telemundo and cnn.

on friday she will visit deep red texas. this is a unique strategy because going to a non-swing state in the final days before the election could be risky. typically, you want to visit those swing states because every time a candidate does, they pick up more votes there. but harris is going to be highlighting the issue of abortion the in texas, spotlighting the tate's restrictive laws. it's a big advantage that she has over trump. stuart: got it. thanks, madison. it seems the joy campaign for harris is just about over. watch this. >> you quoted general milley calling donald trump a fascist. you yourself have not used that word to describe him. do you think donald trump is a fascist? >> yes, i do. yes, i do. and i also believe that the people who know him best on this subject should be trusted. again, look at their careers. these are not people -- with the exception, i think, of only mike pence, these were not

politicians. stuart: all right. let's bring in marc thiessen for this. hearst my judgment, my may offer it for the moment harris went negative and danced around every question she was asked, and i don't think that that's working. what say you? >> i agree with you. you know, there's a famous essay by dave barry years and years ago, the comedic writer, called how to argue effectively. and and his final point is if you're losing catastrophically, compare your opponent to adolf hitler. [laughter] bring up hitler up, say shah if -- that that sounds like manager hitler would say. she is going out on the am pain trail and saying donald trump is a fascist who calls americans the enemies from within and plans to use the military against them. donald trump is not a fascist. he did not say that enemy -- americans who disagree with him are the enemy from within. it's a bald-faced lie, and it --

not only is it offensive, it reeks of desperation. a winning campaign does not do this. you only do this when you're catastrophically wrong and losing, and that's what she's -- that's what's happening right now which is why she's resorting to the f-word. stuart: i don't want to boil it down to simplicities, but harris negative and losing, trump positive and winning. is it that simple at this stage? >> yes. i mean, if you just look at the body english of the harris campaign, i mean, look, the polls show that this is neck and neck. and if you looked at a all the swing states, they're all within the margin of error. the difference is a few months ago harris was leading within the margin of error, now she's losing within the margin with of error. so the momentum is behind trump. of just look at how the candidates are campaigning. trump is campaigning with joy -- [laughter] to coin a phrase. he's serving french price at

mcdonald's -- french fries, he's having a great time, and she's calling him a fascist and warping of a dark, you know -- warning of a dark, you know, making his first inaugural sound on the midwestic and hopeful. [laughter] -- optimistic. i can't remember what it was, the american darkness speech. those are the actions of a campaign that thinks it's losing. i don't know if she will lose, but they're worried. stuart: the pollster, nate silver, he says his gut tells him trump will win back the white house on election day. marc, what does your gut tell you? >> my gut says the same thing, and apparently so does kamala harris' which is why she's campaigning the way she is. my gut also told me we were going to have a red wave in 2022, and that never materialized. i think it's moving in trump's direction, but it's incredibly fluid. "the new york times"-sienna poll shows about 2 in 10 voters have not made a firm decision.

they're either undecided -- in the swing states. they're either undecided, or leaning trump or harris but could change their minds. they could stay tight up until the last second, or it could break big for trump in the end. we just don't know how those people are going to to vote, but they are going to to -- a few tens of thousands of people in the handful of key swing states who are right now not sure how they're going to vote on election day are going to decide this thing. stuart: marc, you enjoy this, i can tell. you love politics -- >> well, i'm on with stu varney at 9 a.m. how could i not be having fun? [laughter] stuart: see you again real soon, marc. good luck to you. we better get back to the market. dow down a fraction, but look at the nasdaq, it's up 176 points. adam johnson with me this morning. >> yes, sir. stuart: you got to talk tesla. the stock is up 14%, 14.5%. what was so good about their report? >> well, it wasn't as bad if as

everybody thought. remember, they've cut prices -- stuart: not as bad as a it was supposed to be, so the stock is up 14%? >> that was one reason that i haven't looked at it seriously, and i'll tell you why. they had to cut prices by 20% over the past 12 the months. as it turns out, that's working, right in you lower the price, and people buy more. my concern with tesla, and that's clearly not an issue this morning, is maybe everyone wants to buy an electric vehicle has effectively bought one. i don't quite know where the growth comes from here, but mr. musk keeps pulling rackets out of his hat. stuart: he does, indee. let's talk about boeing. the union rejected the latest offer -- >> disgrace, yeah. stuart: the stock's at 153, down another 2%. would you -- >> i sold it. you know, i owned it for two years, stuart, on the assumption that when great companies stumble, dot, dot, dot, you buy them. it's a theme that has served me well. in the ace of -- case of boeing, i bought it at $a 150 two years

ago, here we are back there. time to redeploy. i just can't seem to understand why they can't seem the figure out how to get back to business, how to make a quality product that is dependable, that the people trust. the airlines want to buy it, but the problem is it takes years to get a plane. you can't just switch to airbus and say, well, i didn't get the deliveries e expected last month. what's really important, stuart? these striking employees, they rejected a 35% pay increase. can you imagine the arrogance, right? if they're under a microare scope for baking a bad product, and -- making a bad product, and they're offeringed a 35% pay raise and they reject it? i think that that's arrogant. stuart: we've got intel and boeing both crumbling, and that's not good for our country. >> no, but i have bought intel. i think they're getting it together. apollo, the investment firm, wants to invest $5 billion and simultaneously, qualcomm, which is waiting on the outcome of the election to make an announcement, is thinking of

buying the company. so, you know, there's value there, stuart. stuart: got it. thanks, adam. democrats are getting nervous that trump is beating harris in key voting groups. >> when you flip a group from going +5 biden to now +1 trump, that's the type of movement donald trump loves the see, and it's the type of movement that gives democrats some agitation -- stuart: trump's momentum remains strong. it seems obama's pitch to male, black voters had a reverse effect. >> deeply offended. i was deeply offended. and it felt like a moment where it was like you n-words better get in line and do what we say. it felt like him as the czar of the democratic party coming down. stuart: florida congressman byron donalds has more to say about that, and he is next. muck well, now, they call me the breeze -- ♪ i keep blowing down the road ♪

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or just ask for this free guide to compare options and learn more about the only plans of their kind with the aarp name. so set yourself and your future self up with an aarp medicare supplement plan from unitedhealthcare. smart now, really smart later. stuart: 14 minutes to the opening bell, and the standout this morning is the nasdaq composite, up 174 points. tesla giving a lot of strength to the nasdaq this morning. it's up 14%. take a look at bitcoin, please. investors are expecting a rally if trump wins the white house. this morning bitcoin goes to $67,5. and, by the way, you can watch the fox business special, "the crypto campaign," hosted by sean duffy. it airs tomorrow night at 8 p.m. eastern. trump heads to the sun belt today, a couple of campaign stops there. which states? >> okay. so he's starting the day in arizona, and then he's going to -- he's going to host a rally

there, and then he will continue on the nevada where where he's going to bolster support at a turning point action rally. his running mate vance is going to be in michigan today to talk about the auto industry. he's going to continue to push that message that manufacturing will be strong stronger under a president trump. during trump's stops, we're going to expect him to talk about immigration which he's really been fishing as the top issue -- pushing as the top issue. our polling ask and and also what i hear from voters on the ground is that the economy is the top issue. immigration is a close second but, regardless, both are issues that voters do prefer trump on. stuart: i want to know where trump gets his energy from. he's 78 years old -- >> ping-ponging from state to state. >> and he seems to be having fun. maybe that's part of it. stuart: yeah, that's right. madison, thank you. listen to a podcast host who slams obama for his endorsement of harris. watch this.

[no audio] what was it in any day now, any day now. [laughter] okay. i want to bring in florida congressman byron donalds with me this morning. i thought obama had a lot of clout in the black community, but he got at lot of pushback from that podcast host. doesn't he have clout in the black community? >> some, but the truth is, is that it's waning and that's because democrat policy has not only been disastrous for america, it's been disastrous for black families and black people across america. stu, when the price of food is massively up well over 20%, the price of fixing your used car is up over 50%, when massive illegal immigration -- which barack obama supports, which kamala harris wants, which joe biden did -- when it's devastating communities in every state in our country, black people are looking at that as well and saying, this is nuts. why would we do this to ourselves? we need a change. and because kamala harris can't

even answer a question, i mean, last night was a debacle, and because barack obama's running out there basically saying just vote for her 'cuz she's black, black people are saying, no, dude, i'm thinking about my pocketbook, i'm thinking about my children, i'm thinking about the future of america. that's why he's getting pushback. stuart: you may have seen this, congressman. lawrence jones from fox, he visited a barbershop in atlanta. he asked the people there what the number one issue is facing black americans right now. here's what he had to the say. >> the number one issue i'd say facing black america is the trust. the trust of washington d.c. the inflation is crazy high right now. interest rates are up, and we just don't believe what's in office right now is going to support us another four years. kamala hasn't presented a plan yet with what she's going to do. all she's talked about is what she's to going to give people.

it don't matter if you give these people $25,000, they're not going to to buy a house. they're not going to do it. everybody wants something for free, you know? that's what the democrats think. if we give you something, you'll vote for us. i don't need a honed -- handout. i need an opportunity. stuart: that's very interesting. i don't need a handout, i need opportunity. what is trump's appeal to black voters? >> when he was president, the economy worked. people were making more money, prices were stable. that's the general appeal. you add on top of that the border was secured, and we weren't getting into wars, into unnecessary wars and conflicts. that's the other appeal. last piece is donald trump, whether you like the tweets or not, he was direct in what he was going to do, and he actually did it. there's comfort in that. so when people are comparing kamala harris and donald trump, they're comparing the last two presidential administrations. finish and without a doubt, donald trump had a better presidential administration. that's what you're hearing

across the country. that's what you're hearing no matter the demographic groups. more and more people are supporting donald trump. that's why he's going to win in 12 days. stuart: you're in pennsylvania campaigning for trump. why do you think he can turn that state red? what's the main issue that you're dwelling on in pennsylvania? >> oh, man, it's energy, it's immigration and it is our economy. the issue set really, stu, is not changing no matter what state you're in. all the issue sets are the same. when you're on the ground whether it's black voters in philadelphia where i've been or steel workers out in western pennsylvania where i've been, they're talking about the same thing. 9 and the solution for what ails america is the 47th presidency of donald trump. stuart: wrapping it up nice toly, byron donalds. congressman, we appreciate you always. see you again soon, thanks. and then there's david axlerod, senior obama adviser back in the day. he said harris' recent appearances with liz cheney have been a mistake if what's his

reasoning? >> he -- the argument was that it was tone deaf overall. so saying that it was a conversation among elites and that it doesn't grab the attention of an audience that harris really needs to win. take a listen to how he put it. >> so, you know, i watched the liz cheney -- i have to say, someone texted me in the middle of it and said this sounds like a conversation you'd hear in first class. [laughter] and i thought that was a pretty good observation. and it isn't the people in first class who may be deciding this election. and so that worries me a bit. >> now, harris' campaign believes the endorsement of someone like cheney helps to pull undecided voters to her side, and maybe pulling republicans that don't feel comfortable voting for trump. but it could also do more harm for democrats who are considering holding their vote specifically because of the war in gaza. the pair appearedded together in michigan. that is a state with a huge

muslim population. and they're not necessarily fans of hawkish cheney or her dad, the former vice president. so there are concerns about the partnership and where they decided to show off that partnership. stuart: i think that comment was spot on. it's the kind of conversation you'd hear in first class. >> yeah, so good. stuart: that's a putdown, actually. let's look at the futures market this morning. we're down on the dow, 68 points, but we're up on the nasdaq, up 169. the opening bell is next. ♪ i got tata song that i sing -- gotta the -- song that i thing. ♪ i can make the rain go anytime i move my finger. ♪ lucky me. ♪ can't you see i'm in love? ♪

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and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. stuart: futures suggest the dow is down 60, but the nasdaq 1500 points. -- 150 points. ray wang with us this morning. tesla crushed their earnings report, at least investors seem to think soment what was so good about it? >> i think the important thing to recognize is tesla showed it can produce if cars cheaper and gain the regulatory credits better than everyone else. they've achieved escape velocity. more importantly, it's more than ev.

people can see it. it's ev and energy the a.i. and robotics, and that's the big shift. so the autonomy piece is going to come, and and that's going to be the piece that's going to give them not only the efficiency that they're -- yo you're see, but also on the line. those optimus bots are going to be producing teslas as well, is they're going to have cost advantages better than everyone else. so their 17% margins are nice right now, that could be even bigger in the future. stuart: did we learn anything new about the robotaxi? >> we didn't learn anything new about the row oboe taxi, but -- robotaxi, but as we're looking at the business model, what's brill about this is individuals and governments can put them into fleets over time. and basically what he's having is other people fund the robotaxi as well as take a cut in the profits. and it's a really, really sharp business model. stuart: it seems like tesla has emerge adds just, very recently, as a much more futuristic company. would you agree with that the?

>> stu, you're actually right. what's actually happening is that shift to autonomy and a.i. gives them an edge. they're the only company to be able to do the awe. on themy in the ev and build it from the ground up. all the other manufacturers are trying to figure out how to reverse engineer, and that's a very hard thing to do given how tough the challenge is from an engineering perspective. stuart: you own it, i know. where do you think that stock's going? >> i think it's going to go to $28 to -- 280, and here's what people are missing, the mega-pack revenues, they're cone massive amounts on energy generation and storage, and if they're up 522 on -- 52% on energy production. stuart: $280 is the call from ray wang. i wonder if you're right again, we shall see. >> take care. stuart: the market is officially open, and we've opened on the dow side for the dow industrials, off about 100 points.

422, 40 -- 432, 40 -- 22 -- 422 -- the s&p 500 on the upside in the early going. over a quarter percent higher, 16 points. now, look at the nasdaq, that's where the action is this morning. that is up 1000 points. one-half of -- 100 points, and there's still an even split, winners ask and losers on the dow 30. show me big tech, please. they've got to be doing well this morning, and, yes, they are. meta is up, amazon is up. alphabet and apple are both down just a fraction. take a look at boeing. workers are rejected the late labor offer. that stock is down $3. back to $153 a share. and now we have tesla. now, the market is open. where is tesla now that they've openedded in they're straight up. 13 if.9%. good morning, taylor. what do we know about musk's wealth -- >> okay. i mean, this is unbelievable. almost a quarter trillion

dollars now if tesla stock, is how much this man is worth. like, $240 billion rough estimate. s it is really just incredible. finish look, we know the tesla story. better than expected profit, good vehicle growth going forward. he said a 35,000 autonomous vehicles a week, he is making, company firing on all sill. ener thes. stuart: we've done that one today, haven't we in what about the new a.i. partnership for nvidia in what's that about in. >> partnering with his what's richest man from india the really build out a.i. infrastructure in india. this is going to be one of the first huge data centers that they're building with that new blackwell chip, the super powerful new chip coming from nvidia. he is now thinking that india will be able to export all of these a.i. data certains to the rest of the world. stuart: is he the guy who had the fantastic wedding? >> i think so. stuart: i don't think how much it cost, it was millions and millions -- >> i'm not cool enough to be invited. stuart: nor me. let's get to ibm.

they reported i believe it was the yesterday. what went wrong? they're down 5%. >> yeah. this is sort of a software problem that's doing well because you have that red hat business, but they're being weighed down by the consulting business and a company that's still trying to figure out how to move forward and integrate a. i.. stuart: would you touch ibm with a 10-foot pole? >> what i'd actually to love to see is u e bm if split if it. -- ip -- ibm. there's some software, there's consulting, there's the old mainframe business, cloud business, a.i. business. pratt those into separate parts so we can put a separate value on each. split them up and you unlock -- stuart: it's not in your portfolio at the moment? >> it's not, no. stuart: all right. earnings reports came out before the bell, ups. >> how is this company doing? they're doing great. they're up 10%. they said we're nearing a 3-month high, revenue is beating

expectations. they said peak season is upon us, and we are ready to deliver for this holiday season. get those packages in the mail. stuart: yeah, but that's an economic indicator. >> it is. stuart: at this stage, when the shippers are doing well, that's an economic indicator. a good economic indicator. southwest airlines. >> also better than expected profit. and interesting though, the shares are down, but we are thinking the battle with activist investor elliott management is over. they got about five new board seats. southwest conceded, so they really want this activist fight to be to over so that they can focus on changes going forward. could be a big win here for elliot getting some board seats. stuart: how about american airlines? >> big earnings beat. raising guidance. traffic, they a said, is up 7%. the shares most -- well, that's apple. but american, we'll see. stuart: i call that neutral. >> yeah. stuart: any comment on airlines? >> yeah. i own delta. it's absolutely the best run

airline. not only do they move people, they move cargo, they sell parts to other airlines, they get a billion dollars every year from am-ex because they sell extra seats to am-ex which has a rewards program, and they own an oil refinery. brilliantly run company, delta. stuart: american a airlines is up 3%. harley davidson, last time the i checked they were down. now they're up a little bit. i thought they had a bad report. what happened? >> yeah. they were saying they had to lower their full-year guidance because this is a customer that's still struggling, but even the low expectations are coming in, and it's a beat. people are happy that at least it's -- it's better than feared. but again,s this is saying something about that consumer and the retail business within motorcycles that are struggling. stuart: adam, love the bike, not keen on the stock. [laughter] >> yeah. i had my fun with motorcycles as a kid. close call and i don't touch them anymore.

stuart: e many too. exactly the same story -- me too. you brought your stock pix. you like 3m. >> good, old old-fashioned company. we've been talking about these big old american companies that get stuck, and then they reinvent themselves. 3m if was $1000 only a couple of months ago. they came out with earnings the other day. went as high as 142. i can't understand why people sold to them because the earnings were quite strong and the company guided up for the second time in three months. it's trading about 15 times which is cheap for a company growing 15%. 3m, you've got to own it. stuart: i would think they would do well as the economy is growing. >> as it is growing, yeah. and this is a company that's growing faster than gdp. if gdp is growing 3, 3m growing faster than that, yeah, it's been unloved for so long, but they're out of the doghouse. stuart you brought us a new one. >> yeah. very exciting.

stuart: what do they do and where is it going? >> they make the chemicals that attach to the cancer cells inside your body so when a radiologist does an exam on your -- you, those chemicals light up the bad alternative. number one at prostate exams and heart examines, people -- exams. they've got a pipeline of nine other potential indications yet the stock trades at 15 time it is earnings. medical device stuff doesn't get that expense i. a great american ingenuity story. it's a brand new holding. stuart: very interesting. taylor, thanks very much -- >> and don't hold your heart when he talks about medicine. >> i saw him doing that, stuart, please. stuart: there's nothing wrong with me at the moment. >> good, thank god. stuart: trump spending time at a town hall if these final days before the election. >> to those christian, to encourage them to go to the polls, what would your message be? >> you know, without religion

it's like the glue that holds it all together. stuart: why do. >> christians graph tate to trump? our -- gravitate to trump? our resident theologian, jonathan morris, will answer that question. kamala harris was asked to describe one mistake she's learned from. >> i've made many mistakes and they range from, you know, if you've ever parented a child, you know you make lots of mistakes. [laughter] it's a mistake not to be well versed on an issue. stuart: she made mistakes but can't tell us what they are. someone described that as more word salad from harris. anyway, mollie hemingway is going to deal with -- deal with it shortly. in a new survey, 611 percent of parent -- 61% of parents in wing states worry their children won't be able to afford a home. real estate guy mitch roschelle is next. ♪ ♪

stuart: all right. 12 minutes into the trading session, same story. the dow is now down 130 point, the nasdaq holding on to a near 1000-point -- 100-point gain. keurig is set to buy ghost energy drinks. you know what they're going to pay? a billion dollars. i didn't know ghost energy drinks were worth a billion dollars, but that's what they're going to pay. joining me now, our real estate guy, mitch roschelle. existing home sales down to a 14-year low. 3.48 million sold is, that's it. is this as bad as it gets, or could it get worst? >> it's pretty close to as bad with as it gets. it arguably could get a little bit worse. we still have the supply issue, but i think what's going on right now and you see it also in

awe auto sales, there's this pre-election sort of anxiety factor that has people holding back from big capital purchases. so that tends to happen, and i think this election's created probably more anxiety than others in the past. so my read in talking to realtors as i always do in preparation for my appearances, stuart, i think that they're feeling that the sense of, you know, holding back which means after the election either there's going to be a flood of people making decisions because they feel good about the direction of the economy, it's also possible that it could get worse if people don't like the outcome. stuart: so a lot depends on -- >> a lot depends on the election. stuart: i'm not going to to ask you as i did during the commercial break -- >> i already told you about the sign on my lawn, so i think i'm rare -- can wearing it on my sleeve. stuart: you've got a trump sign. >> three, actually. florida, when e get there on thursday, there will be a bevy of trump signs -- in new york.

in westchester county, yeah. stuart: in westchester county? >> yes. and it created sign wars because neighbors on both sides of me decided they have the put their mondaire jones and harris signs. it created sign wars in westchester county. stuart: we have to move on. in the swing states, we got this survey, 611% of parents -- 61% of parents think their children will not be able to afford a home. that is that become -- has that become a political issue? >> oh, i think, absolutely. the economy's a political issue, and i think the swing states get more attention. they're bombarded with ads about, you know, what happens if she's the president, what happens if he's the president. so i think it's raised the anxiety. i looked at that study. it was a thousand people across seven states, so that's not exactly a great sample. but it shows you the plurality of those people responding to the survey feel like the american dream is on the ballot which could tell you that people are going to vote in favor of the american dream and maybe a

red wave, as adam johnson said during the commercial break -- stuart: you would bet good money that when you talk to realtorses as you do, they will tell you that the best way for youngsters to afford a home is to tap into mom and dad. >> oh -- stuart: that's what's happening. >> mom and dad go to the open houses with them, right? that's absolutely nothing new. stuart: what happens if you don't have a mother and father who have got the money, you know? >> it is the biggest issue. and this is why existing home sales are down, going to the first question you asked me. stuart: so do you think in that kamala harris' offer of $25 the ,000 for first-time home buyers, a new generation of home buyers, does that work? if because that applies to people who don't have rich parents. >> listen, in theory you would think that giving people money would, you know, stimulate the ecosystem. be -- the problem is it's such a bad policy. we saw it in cars.

as my wife debbie, who's watching this segment in the studio, says it's like offering kids in school, you know, free extra lunch or help with lunch money so that they vote for class president. it's actually ridiculous. you put $25-50,000 into the money supply in housing, you're going to raise prices by a minimum that. because right now somebody's got more currency, so maybe you need every nickel, but the other person bidding is going to outbid you when they have mom and dad helping. so it doesn't solve the problem. >> real quick. as a young person who would love to own a home one day -- >> you want to get continued my me? >> that would be great, but isn't it also an issue that mom and dad aren't selling their homes in. >> 100%. >> we don't have that availability to get into the market. >> if mom and dad sell their home, they will be in a supply-constrained market looking to replace that home. so maybe they have a four-bedroom home and they want

a three bedroom, two and a half. they're now competing with everybody else for that home. it's really -- when you constrain supply, which is what's going on in this housing market, and then you juice demand with either low interest rates, which we saw, or cash to buy homes, what do you do? you raise prices. it's pretty simple. stuart: mitch roschelle, thanks very much, indeed. >> thanks, stuart. stuart: coming up, kamala harris has signaled exactly what her message will be in the final days of the campaign; make the election about trump and how dangerous he is. not how good a harris presidency would be, oh, no. harris turns negative, trump goes positive. that will be my take at the top of the hour. kentucky congressman james comer says america is dangerously behind in the political fight with the chinese communist party. chairman comer is on the show and he's next. ♪ i got moves i count -- new rules, i count 'em ♪ to me, harlem is home.

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and don't worry about surprise medical bills, either. you'll know up front about how much your care will cost. which makes planning your financial future easier. i'm glad my husband and i can use our savings to do the things we want to do. plus, coverage is guaranteed for as long as you keep this plan. call unitedhealthcare now to talk with a licensed insurance agent or producer. or just ask for this free guide to compare options and learn more about the only plans of their kind with the aarp name. so set yourself and your future self up with an aarp medicare supplement plan from unitedhealthcare. smart now, really smart later. stuart: joining me now is the house oversight committee chair, congressman jake comer. you've at -- jameser. you've got a new report out today. are what way are we behind the chinese communist party in

political warfare in. >> well, our federal government has no clue, first of all, what to look for and how to the identify -- how to identify a threat from china, much less a plan to prevent any type of warfare from china. china every day is exerting its influence in the united states on policy billion, through -- on policy, through the media, through political campaigns through policy. and if you look at, you know, some of the problems that we have with the chinese communist party, we are spending so much money in congress, $1.83 trillion deficit this fiscal year, we're encouraging china to buy our treasure erie bonds -- treasury bills because we have to have that to continue to overspend. so that makes the unite reliant on china. -- the united states reliant on china. we're afraid to do anything in the biden 58 administration if to china about buying farmland because we have a fairly positive export relationship

with china with respect to agriculture goods. china has invested significantly more in their military than we have. our intelligence agencies, we believe, are compromised by chinese spies. the list goes on and on and on, stuart, not to mention cyber attacks and things like that. our government cannot identify any type of intrusion from the chinese communist party x there's in plan to prevent it o- stuart: in what way would a trump administration counter what you seen from the biden administration in vis-a-vis china? >> i think on day one the trump administration is going to have a new trade policy with china that puts america first, that makes sure we're competing on a level playing field. they're obviously, as you know, stuart, things that china can manufacture cheap or than the united states, but there are things the united states could cocheaper than china. we can't rely on china for

manufacturing things important to our national security like vaccines and our food supply and things like that. you're also going to see a cut in wasteful spending so we don't have to rely so much on china buying our treasury bonds. and i think you're going to the see prohi wigs for china buying farmland anywhere in the united states. our food supply's a critical part of our national security, and china continues to buy our food processers as well as our farmland. this is a huge problem. the biden-harris administration's oblivious to it, butup donald trump gets it. -- but donald trump gets it. stuart: got it. that's quite a change coming if trump wins this election. congressman, thanks very much for being with us this morning. i've got to do a quick check of the market because i see some red ink for the dow industrials. we're off 105 points, 4 2-rbgz 400 toas we speak. you're down 100 points, but we've got a solid gain for the nasdaq. in part because tesla is up 13

or even 14%. so so a tale of two markets this morning. the 10:00 hour of "varney & company" is next. ♪ this is gonna be the best day of my life. ♪ my life ♪ ..

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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. >> i don't know this song but madison does, she's dancing get. looks like rain but just a little cloud, we are not used to that in new york. good morning, everyone, 10:00 eastern. let's get to your money, looking at some red ink, down the street is up less than hundred points, nasdaq higher by 101 points, 10 year treasury yield is what everyone wants to know about, it's down this morning but well above 420, 423 to be precise.