neil: peter doocy, connell mcshane is looking at some other issues the president is yet to address how it will respond to the opec cut in production, something is coming, we don't know what. >> reporter: back and forth has been interesting, fair to say the rhetoric is picked up between the white house and saudi officials, the saudi's say the white house wanted them to collapse the midterms, peter said it was different reasons and also that saudi arabia pushed opec plus to cut even though as they put it more than one other member didn't want to, didn't want to go and felt coerced so it has brought up questions whether the biden administration might turn to venezuela to fill the opec plus avoid. as for the price it is down today by $3. it is down for the week. most of this seems to be economic worries about the recession which -- in terms of demand and politics last week the president said the us was looking for alternatives to saudi oil and then he was pressed about venezuela directly but that we haven't made up our mind yet meeting the united states, what to do with that and national s

ticket prices surging and connell mcshane has the report from minute maid park. big payday if astros with the world series. jim mc inveil will tell us about his bet. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ stuart: i'm going to call this a rally. dow jones industrial average is up 1.7, only slightly behind is the nasdaq composite which is up one hundred 80 one which is one. 68%. the s&p is up one. 5%. i would call that a rally. i hope it holds. the astros take on the phillies in game one of the world series and it is on fox. connell mcshane at minute maid park. how much are tickets going for the secondary market? connell: we are looking here, $1500, a little more than that. the series goes back to philly for game 3, the price goes up $3000 on average. you look at it and say there is pretty good demand, people are excited about the world series, the astros come in, 106 regular-season games to the phillies, houston has not lost a single game in this postseason. there manager is dusty baker, a terrific career when he was a player. the thing about dusty baker, he has won more games than any

connell mcshane following that. our top national correspondent.lso following served in china, not talking to terry, talking about education, many more chinese institutions making the list and some american names are falling off the list. after this. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. neil: republicans saying you can do it and legally they are making sure he doesn't do it but the president is outlining on a website how he will go ahead and force it, talking about the student loan bailout double effect 40 million present and former students. $20,000 forgiveness the president is looking at, easier said than done. >> reporter: so the concern is this new process might open the potential for fraud. applications open later th

connell mcshane, a big deal when the national correspondent is out there and quite the event, one of ld series ever. take it. connell: i will hype it up the best i can. these are two different teams. the houston astross come in, winners of 106 games with the regular season, the phillies just 87. that is the widest gap we have seen in winds between teams in the world series since back in 1906 was the old sports clichÉ. you can throw out the record books in situations like this. the phillies had a dramatic win, bryce harper in philadelphia knocked the padres out, what a moment that was. and a shot against the astros and all their star players and all the rest. this houston team has not lost a single game so far this season. as they were working out last season we had a chance to speak for a few minutes with mister october himself, reggie jackson, now an advisor to the astros. >> this is my 15th world series between the oakland astros, it is a comfortable place for me and i think i am very grateful. i show up with gratitude because it is a special place to be. there are 30 other teams th

connell mcshane, great to see you. tout gas prices have been coming down. they are turning around. what's driving it? >> there is a short term and longer term story here. short-term prices at the pump is largely regional. bigger problem out west, particularly in california. the average price there was $6.40. they always have higher gas prices than other states. refinery issues. maintenance being done on six refineries in california. that might be skewing the national average a little bit. but there is reason to believe that even though seasonally we might not always see it higher oil prices might lead to higher gas prices going into the rest of fall and winter. opec or opec plus meeting tomorrow may cut production out of vie -- vienna. we have sanctions that could come in on russian supplies in early december. european officials finalizing how that might look. the near and short term outlook aren't great for prices at the pump. >> bill: the american west. washington up $0.41, oregon 45, alaska 45 on down the line. cali

joe concha and connell mcshane are standing by. first, we go to ed lawrence who joins us from 1600 pennsylvania avenue. hi, ed. >> hi, gillian. you showed the clip there. the president went after republicans today in his speech. this week he's talked about student loan debt relief, the bipartisan infrastructure bill and on sunday, he's going to do a forum from now this presidential forum. in that he's going to say it's absolutely okay to use federal money so a woman can then go get an abortion. nothing specific this week about inflation. when you ask the white house press secretary about inflation, she says the president empathizes with americans while he keeps asking for more time to make his transition. >> over the last few years, we face some of the most difficult challenges in our history both at home and abroad. we're making real progress. we just have to keep going. i know we can. for everything we've been through, i have never been more optimistic about america's future. >> again, the president did not mention the world "inf

connell mcshane following that. kenny polcari, slatestone wealth chief market strategist. not a big dahmer fan. he strikes me as a very big queen elizabeth fan. no doubt glued when netflix downloads the latest season. always good to see you, kenny. it is interesting. i thought connell laid it out pretty nicely here. all about earnings. but netflix is a telltale stock, isn't it? we talk about subscribers. they lost, i think over the last half of the year about 1.1 million. at the very least wall street looking to see that momentum on the downside slow or what are you looking for? >> well, certainly netflix you want to see it slow. otherwise it will take the stock down once again, right? it is looking, if you look on the chart, it is looking to form a base but it is off better than 60% from the-year high. at some point they have to do a turnaround. yes it's a big number tonight. the trader types will be looking at it. tech guys are looking at it. overall for the market i think it says less about what the earnings season is going to look like. how it is unfolding. certainly w

connell mcshane on that. this is a mid-term election year but generating the kind of interest and support and the volume of activity that we see in a presidential election year. doesn't sandra smith know it. she's been following this closely. >> sandra: i always follow the money. >> neil: she's like a dutiful later. you have your papers and details. >> sandra: this is for you, neil cavuto. >> neil: what's going on here? >> sandra: massive spending across the board. this is certainly going to be a record, most expensive mid-term race ever shaping up to be 2022. billions of dollars being spend on tv, radio, think about the digital space for these ads. i mean, it is everywhere. if it's not about the economy, it's about crime, the border. parental rights is a huge part. go to the pennsylvania senate race, this is one of the tightist in the nation ahead of the debate that we'll watch tomorrow night. 130 million poured in to this senate race against the democrats. if you follow the money, you clearly see where dr.

it's quite a stage center for tonight's game, connell mcshane of foxbusiness has more. >> well, it'siet in here now. but this place was a madhouse last night when the asters jumped out to a five nothing lead in game one. but then the phillies come storming back to tie it's in the fifth inning for the game still tied in the bottom of the ninth inning. billy right fielder nick with the slide and catch. that literally saves the game for the astros would have won it right then and there. instead it's the phillies who win it. jt goes to the opposite field in the tenth inning. it's just over the wall and for a homework. dramatics is hundred six -- five win because i thought i got enough of it to flash backs of the play from the last series with us on running back to the wise and please don't catch it just don't catch it. it was going to be close. i thought originally had enough when a somber running back i wasn't so sure progressive did get out through the philly fans went crazy back in philadelphia. now comic game to pretty stop by the fox sports booth, before the game last night john sma

doesn't connell mcshane know it. t is sending a lot of key prices a lot of key foods up, up a lot. connell? reporter: big time. all you have to know about how bad the drought is, neil, this cornfield where i'm standing, if this was a regular year you wouldn't see me. like the movie "field of dreams," if you remember that look at the corn how low it is. all it has grown this year. if it was normal times it would be way up here, way up above my head. 99% of wayne county, nebraska, is in exceptional drought. it reminds people of 2012 which was a dry year. this might be worse. we talk to merlin who farms this land, they say the worry is about what is still to come. >> it could be considerably worse down the road. we're going to need moisture. with that we'll need price both. a little more. we're going to have to see a significant rise in the product that is leaving the farm here. especially in the beef. reporter: the corn here is for feeding the cattle that you're looking at. it costs merlin about $1200 a day to do that.

connell mcshane is live in portland this morning with more on you how residents are feeling. consistent he'll, good morning -- connell, good morning to you. >> reporter: we notice the business community is leading the push for political change in the state he's person any the city of -- he's person any the city of -- especially in the city of portland where homicides have risen. the owner of this restaurant says he wasn't a political guy in the past, wasn't his thing but he feels there's no choice anymore. his business was affected by break-ins and vandalism. he's been dropped by too different insurance companies. >> there's going to be change. no matter who wins the governor race, there's going to have to be change or the city will keep spiraling out of control. >> reporter: just down the street is the fields bar and grill. the owner there is jim rice and he says it's been broken into now five times. that's just in the last year. >> one of the people that burglarized us never got prosecuted even though we had video evidence showing him, what he did. >> reporter: and he showed

connell mcshane, thank you very much. at least we can say we're officially in a recession in this country. >>> well, the economic uncertainty in europe could be a sign of more volatility here at home. joining me now, kings view asset management cio and fox news contributor or scott martin and nicholas wealth management ceo david nicholas. it's great to have you both here. scott, your initial read on markets today. few quarter, new month, final quarter of the year. >> new frontier maybe, cheryl. i mean, honestly, i think this market is due for a nice bounce. i like how you and connell set it up. my goodness, is connell so good at his reporting. he's laughing, i'm sure, at me and with me in the sense of this is getting laughable in the sense of how the markets and bearishness is completely going wild. and your setup is perfect about relating it to '08, relating it to all fear and anxiety in the banking system for something to to come. do people forget what happened after '08? yes, or we had to get through it. there were som

winds, still see a recession and a lot of things that could be happening as soon as next year and connell mcshane looking at all this and you always see this but they are between some good news, the good news could be bad news. connell: i look at rising bond yields hitting the market a little bit. earnings have been pretty good. not all of them but it has been a busy day, 23 companies in the s&p and a bunch from last night that factor into the action today. ibm is in that category and it is because of ibm but ibm doing its part today, $5 rise, a report was good, better-than-expected revenue and more importantly saying it expects to top 4 year sales growth targets, the key for ibm is in good demand for its digital services and that upsets the strong dollar which hurts these international giants. at&t raised its outlook for profit and wireless revenue. it continues to add subscribers and the stock price doing well when you're up by 7% as at&t, added 2.2 million wireless subscribers in the first quarters of this year, but we will group these other ones together for the sake of time all reporting tod

the greatest world series ever and it's coincidental that fox is, well, covering it and that connell mcshane chief correspondent. connell has been in the war zones, poland, ukraine, and you're going to the world series for a reward. he deserves a break. connell, i caught the super fascinating world series opening game and seeing houston leading and i wake up this morning and apparently didn't end the way i was seeing it. what happened? >> all kidding aside, neil. this keeps up like it was last night. this might be the best world series of all time. and right, a mad house and what a great atmosphere to your point. houston is up 5-0, and philly comes back 5-5 in the fifth. check it up. tie game. bottom of the night, phillies right fielder castellanos, a terrific catch my castellanos saves the game. if he doesn't catch it. instead the phillies win it. realmuto goes the opposite field and barely clears it in right. it's a home run and a dramatic 6-5 win. >> honestly, i thought i got enough of it, but i kind of had flashbacks of the play that tucker made on judge's ball the last series and once h

that's where connell mcshane is. what is this company up against? of local opposition, like going green has a dirty side when you talk to people in north carolina. this land they have all these rocks filled with lithium which is in high demand because it uses electric car batteries but talk to local residents, they are not so big on having a company come in and build a lithium mine in their backyard, concerned about the impact that might have. >> it is not worth destroying this entire area forever. the more we educate people about the nightmare of the environment the more they turn against it. >> those are not encouraging comments if you're piedmont lithium, the company planning to build these mines, it claims it has new technology that will make its operation clean and safe and when we have a sitdown with ceo keith phillips, he is very bullish on lithium demand and confident the mining operation will get approved about he said something else, he acknowledged these things take time. sometimes a lot of time. >> it takes 8, 10, 20 years, we are now at

connell mcshane is in portland. connell, could oregon actually get a republican governor?ut i know that the fox power rankings have that race as a toss-up. it's very, very close. anything is possible with the way things have been going here. it's all about crime. you talk to people, homelessness and crime is what residents especially here in the city of portland. and what we've noticed that's interesting, the business community is taking the lead, really taking charge in pushing for change. there's a guy named jim rice who owns the fields bar and grill. he says this place has been broken into now five times in the last year. he and his staff don't even know where to park their cars anymore, the cars have been broken into a number of times as well. for you he's staying, but he says others are not. >> we just lost starbucks, not even a block and a half from us, that just moved out because of crime that's been happening here in the area. i have another business about six blocks from here that got burglarized over 17 times in one year. >> reporter: he actually showed us video

let's go to connell mcshane, markets jumping after they were tumbling. we have been in a thousand point and saw more than that. >> that olivia newton john interview was excellent. neil: waters run deep. >> basically today, the associated risk was down, to the exact opposite of that. we start in the bond market and work our way back from there because one of the headlines was the 10 year yield dropping 4%, dropped below that. 3095, it is up and down, the logic earlier in the day market wise, the cpi, interest rates next year will be higher and a headline out of europe which said something different, the european central bank sees a lower rate take, compared to what the market is or where it anticipated. maybe it started and got us in the right direction and once you get going in a direction like that things can change, the dow was down 550 at the lows, go down 550, that is a 2% rise. of talking about individual stocks i would pick mcdonald's and chevron which started us in the right direction but more than 4%, $10 for mcdonald's and they are leading us hi

connell mcshane, the dow continues to advance as it did yesterday. that would be a special event because we see one day's big gains. >> to be up 700 again, the whole twitter drama, this was happening anyway and you were talking about this, our mutual friend goldilocks, bad news is good news but just about right news for the market right now, the is the environment we are in, maybe the fed is less aggressive but the economy is not as aggressive, ism manufacturing said the job opening number told us that today, stocks are up in bond yields but in terms of market movers, all over the price, energy stocks doing so well, this is a 3 week high, the opec plus decision for production. if you look at the energy stocks that sector, exxon, halliburton and chevron as an example, 3. 5% and anything growth related at all is moving higher, you can pick out well-known companies like apple, microsoft and amazon also having a good day especially amazon with rogaine and the bond market is a big part of this as well, we are at $3.62 on the yield for the 10 year so forge

connell mcshane is here from the fox business network.arry summers came out and he did an interview and a lot of folks have been listening to him and economist from a democratic administration is critical of this administration and beyond. he's saying hey, head's up, there are some red flags out there, and some warning signs reminiscent of 2007 in the lead-up to the 2008 financial crash. >> not making a prediction necessarily, but saying there are some similarities between the two. leave it to me to talk about a crisis when the market is up 700 points, but one necessarily not related to the other, it's been a terrible start to the year, dow had the worst september in 20 years. a little on the perspective side before we go directly to comparison, s & p, went back 17 months, 14%, so obviously nowhere close to there yet. but larry summers talks about the anxiety today and anxiety in 2007. a quick quote from summers, earthquakes don't come all of a sudden, tremors go away but not 100% of the time. >> sandra: a warning, to your point, we are s

connell mcshane has more. he has the latest. connell.orter: the bad news has been the good news as the stock market begins the fourth quarter in impressive fashion. now yesterday's rally was really driven, at least in part, by a relatively weak manufacturing report. today it was a report showing fewer job openings, more layoffs. the idea is a slowing economy may be leads to a fed a little bit less aggressive. that's playing itself out certainly in the bond market where we can forget about 4% for the time-being at least on the benchmark 10-year treasury yield. it is down a two week low. now you look at some of the stock names today, big tech names, leading the market higher. likes of apple, alphabet, amazon, and then there's twitter which has been quite a story. that stock was up today in a big way, thanks to elon musk. musk has offered to close his acquisition of twitter on the terms that he originally agreed to, the price of 54.20 a share, $44 billion. all this coming just ahead of an emergency hearing on the acquisition that was suppos

connell mcshane is live at minute maid park ahead of game two tonight in houston on fox. orning, connell. >> reporter: good morning. it was such a great game last night. and to your point, these types of events, the world series, they're a lot of fun because they're so important to the young fans. this 13-year-old boy you're about to meet, his mom surprises him with tickets. check out the raw emotion here. watch. >> why are you crying? >> because. >> why? >> [inaudible] >> where are you going? >> the world series. >> i'm crying too. are you happy? you're excited? >> reporter: yeah, he's happy. great stuff. you know, the tickets are just so expensive to these games. we looked at the secondary market, it's like $500 -- 1500 plus on average for one ticket. so knowing that, alex bregman, he heard about the story of a young boy who was trying to raise his own money to go to the games the old-fashioned way, with a lemonade stand. watch. >> i heard y'all had a lemonade stand this weekend. how'd you do? okay? >> yeah. >> who's your favorite player? >> alex bregman. >> somebody wan

postseason run against the red-hot houston astros who have yet to lose a postseason game from a connell mcshanebusiness network is live at minute maid park right now, connell, set the stage. >> a lot of fun, a lot of fun story lines, it's the widest gap we have had in wins between two world series seems since 18 oh six. 106 wins for the astros come it is 87 for the phillies but to your point, it was something else the way they got here, the dramatic home run from bryce harper on sunday in philadelphia to beat san diego. joe davis coming up, the swing of his life is what davis said, exactly right in here they are to face this astros team, not a single loss so far in the postseason. down here on the field yesterday the teams were working out and who do we run into? but a real baseball legend, the great reggie jackson! mr. october now a special advisor to the astros who tells us he is involved in the 15th world series. >> compare errors, what it was like when you play versus how does now, what do you think of the state of the game right now? >> oh, gosh, i think that you are starting to see the ga

we'll explore that beginning with connell mcshane taking a look at the events that prompting the buying wave and the reaction from washington as well. connell? >> it was a wild day. consumer inflation at a 40-year high. 40-year high. still as you say, the stock market came storming back from the early losses. now we're seeing speculation when you talk to investors that maybe, just maybe, the market has reached a bottom. we'll get to that. let's start with a closer look at inflation. consumer price index was 8.2% from a year ago. we see this chart, it's a longer story, the inflation story with prices rising now since really late in the last presidential administration, continuing through the inauguration of president biden and the passage of the american rescue plan, the russia invasion of ukraine, so on and so forth. a lot of that is food. everybody knows this. food prices are up big highlighted by more than 30% rise now year over year. the price of eggs, milk is up huge. 15%. look at that list. even as you move outside the volatility of food and energy prices, so called core inflation

face off houston astros for game one major league baseball series ticket prices out of the park connell mcshane lines surrounding world series widest gap between two world series' teams in 1906 astros won 106 phillies 87 who can forget how they got here drama in philadelphia sunday bryce with home run to beat san diego swing of his life here in houston to face astros, they have not lost the game a single game in this entire postseason. down in field yesterday with teams working out when did we run into but a real baseball legend great reggie jackson, special adviser to astros 15 world series. do you compare think what it was like when you played versus now what do you think of the state of the game right now. >> oh, gosh i think that you're starting to see game kind of come back to -- a little bit of the old school. well, you see, who was manager just came back into the game, you see dusty in the world series old school manager over there on the other side. talking about rob thompson phillies dusty, of course, dusty baker astros skipper won more games than any manager in baseball history to win

connell mcshane has more. >> more than anything, this seems to be investors buying the dip.eally the first nine months of the year that we were overdue for a day like this. one other contributing factor we probably should point couldn't, there was a weak report on factories. maybe that helped stocks a little. some investors see that as making the federal reserve a little bit lists aggressive. look at these big tech names like alphabet, meta, all in the green today. meta and netflix are still down 60% for the year. the other two are down 30% or so. none of this wipes out the anxiety overall. opec is considering a production cut. that could send oil prices up. the new government in the u.k. has issues now backtracking from the tax cut plan that has been poorly received by investors. today it was simple. just the bounce back day that we've been waiting for on wall street. energy stocks led the way. 11 sectors in the s&p 500 were in the green. so now the question obviously becomes whether stocks can put together a strong final quarter after fulling three times in a row since the

connell mcshane is live from our newsroom to breakdown this comparisons and our concerns. connell? charles? not hearing really predictions yet, but to your point we're seeing talk of parallels, right? going back to august of 2007 there was that french bank, bnp paribas, and it ran into some funding problems and mortgage losses, and at the time , maybe it wasn't a huge deal. didn't seem like a huge development but now, people pointing backwards, they say that was the start of the financial crisis. a lot of people feel that way but now, see , liz truss now, i know you were talking about this a few minutes ago in the uk , with this plan for the tax cuts, the market has a negative reaction to the plans , so people started to draw parallels saying this is like 2007 maybe this is just the start of something bigger. it's a similar tremor, and now of course the news that the uk is backtracking on that plan so it's still a story unfolding. the other thing is the banks. back in 2007 and certainly 2008 there were weekends in which all of wall street seemed to be worried about the health of a

liz: connell mcshane. not a cleveland fan, but i am.onight, 7 p.m. eastern, only on fox. do not miss it. >>> interest rates still on the rise, driving up the cost of everything from buying a home, loaning, you know, getting a car, even credit cards. but the it -- is it slowing interest in loans or credit? if wait until you hear from the ceo of valley national bank. he's got his finger on the pulse of people who are taking out loans right now. there are some very interesting shades of gray, or should we say green here? ira robbins up next in a fox business exclusive to give us the temperature gauge of who and why people are taking out loans. closing bell, we have it ringing in about 27 minutes? yeah, how about that. dow is still up about 840. remember, high of the session, 850. could we best that, at least during the commercial break? we're coming right back. take a look before we go at the dow 30. ♪ ♪ this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place t

connell mcshane, what do we have? or. >> reporter: the two things can be true at once, you know, we see benefits in the banking business of the higher interest rates for their business, and we also see a financial sector, like other sectors certainly bracing for a slowdown, maybe bracing for a recession. and even though consumer's held up pretty well, retail sales data not giving us a ton of confidence that that continues from september. let's go through some of this. backing stocks is where -- banking stocks is where we're starting, morgan stanley is the only one of the four that is seeing a stock decline. the other ones are up mostly because they beat the street in the last quarter with earnings. and in this environment, the higher interest rates mean higher net interest margins, difference between what banks are earning on loans and paying out in deposits, and that helps the likes of jamie dimon at jpmorgan. his commentary today saying that consumers and businesses are holding up relatively well. however, there are

connell mcshane is here, right now. i could say that because i'm italian. it goes with the territory. connell, it's interesting here because we're talking already about how do you help americans out with the higher price the president wants to tap the reserve but even the irs is pitching in here right? connell: yeah, doing their part, but at some point, they had to or somebody had to give on some front with inflation, and the irs was the latest example, we saw this with social security as well cost of living increase 8.7% and now we have changes to the tax code which amount to about a 7% change from where we are to where we're going. we'll go through it in detail to give you an idea what to expect with the irs putting out its parameters for 2023. we saw standard deduction go up, we also have the thresholds for the tax brackets going up, so on the screen, we'll look at the individual filers. these salary numbers be higher for a married couple but you get the idea. the top rate, tax rate on the federal income tax is still at 37%, but now, that applies to an in