nat gas, that's up as well, half percentage point there at $7.76.california, 5.49. all right, a good start to the show, i'd say. here is what's ahead. pete hegseth, congressman mark green, will cain, and lara trump the 10:00 hour is next. ♪ .. go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative

thank you for that. >>> nor more on the reversal in the nat gas prices and whether further declines are ahead, let's bring in bill perkins with skyler capital, ceo and head trader what's behind the decline? >> i think basically global macro. you have the fed basically dropping the hammer on assets and we had a very tight market, supply was growing there was concern, would we have enough in storage for the winter those concerns have eased a bit and that led to a selloff. >> if average monthly production this year has exceeded all other years, how is demand matching up with that? are we going to see lower prices here in the united states? normally we use the natural gas we produce are we going to see that lead to lower heating bills? >> you would think so, except we also export a lot of gas to our neighbors in europe who need it. there's a supply dus rupgs with a little thing called the ukrainian war going on right now. that is where we see a commensurate increase. we're tightly balanced any kind of upsetting of the apple cart one way or the other will lead to wild price swings we were pr

we talked about nat-gas earlier in the show.ding this might be a make-or-break behind here? >> technically speaking we could be a large so-called head and shoulder pattern developing the last few months. europe has done a great job stockpiling inventories. they're unto 85%. russia cut off the for things like ung. you don't want to see a move down 7 1/2 if you're long nat-gas. that would cause a move down likely to high-fives end of year. charles: for the most part how do you ride this out? how are you suggesting to investors to ride this part out? this is still the diceyest part of the year. certainly if you held on this long you don't want to blink now. >> i agree. if you're not in cash, you really want to be in defensive sectors, utilities, staple, health care is under a little bit of pressure today. that is generally an area to be. the dollar is still going higher. it's a tough spot. you want to hang on into october, buyer of equities commodities, treasurys. peak out in early part of october. that should lead the market, stoc

nat gas reserves to china? company eventually folded and that is why i say cefc was the enron of china. they built up a energy company that really was built on a lot of fraudulent accounts and a lot of fraudulent figures. so we don't know yet how much they bought. we don't know yet if they actually acquired ownership of any of these drillers. we'll continue to investigate. we do know that hunter biden hired a law firm in mississippi to conduct the transactions for these, the purchase of chinese, the purchase of american natural gas from the chinese energy company as well as to take steps to start buying interest in american drillers. elizabeth: are there emails or is it the whistle-blower saying that joe biden was personally involved? >> both. in the emails, that they were encryptedded. we had to struggle to get what the emails actually said but we have that and the emails showed in the communication with hunter and the chinese that his father was involved. even put his father's personal cell phone number on th

nat gas, where's that this morning? 772 per million british thermal units. regular down to 3.67 in california though you'll still pay 5.45. here is an op-ed to look at. mad about migrant flights? open border liberals should look in the mirror to see whose really breaking the law. tom homan wrote that piece and he's on the show and i'm going to ask him too. why can't the migrants work? honda accidentally overpaid some of their employee bonuses and they want some of the money back we'll tell you all about that. britain's prime minister liz truss in new york for the u.n. summit. she announced tax cuts and a return to drilling and fracking for fossil fuels, praise the lord. is she pointing to the way for america? i'll ask larry kudlow, he's next ♪ ♪ ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq (vo) the fully electric aud

down side exposure to all of the geopolitical rifts going on with russia and ukraine and how the nat gas situation will play out. for those bullish the u.s. market you've got to take chips off the table somewhere and i think this is a way to hedge your portfolio if you don't actually want to do it in the domestic u.s. market >> keep in mind it has been an underperformer relative to the s&p, but if you look on a five year basis the correlation runs about 80%. what we know it's developed markets, europe, austria, asia, far east the issue is it better or worse? and on that it is worse. >> worse what would you ato that before we get to mike >> i mean typically the u.s. domestic market has has outperformed any really time frame you've looked at so i didn't agree with carter that's the reason i'm suggesting you put on a trade that lets you profit if efa rolls over >> mike, your thoughts >> any economic pressures you think you're facing right now europe is facing them harder and actually developed asia they have some problems too just demographically. i think as a hedge against the long u.s. tr

nat gas is going up in price. that is inflationary.k to day one of this presidency. i think we are in real trouble here. the economy is approaching a serious recession. that's my opinion. we still got high levels of inflation. 6% plus maybe going up to 8%. and we have still got a border that's completely out of control. those are failures on the part of this administration and i think they know it. but they cannot admit it and they cannot change course. >> brian: to your point they cannot admit it. we are probably in a recession right now two quarters back-to-back negative growth, that's a recession. all the president's high priced analysts are going, you know what? it's not a recession because we have got a lot of job growth. nobody ever said two back-to-back quarters but if you got good job growth it's not. the whole world is looking at a slowdown to their economies. the same is true in america. and we have got a stock market -- we are not going to use the word crash but it's all the way down. down 20%. >> steve: we are in a bear ter

nat gas down 4% and that's a market all over the place.ge price for a gallon of regular, down to $3.77 as of right now but a gallon of diesel still above $5 a gallon. $5.05 to be precise. would you work an a fast food chain that pays $22 an hour? california sign add landmark law that makes that happen. boar boris johnson bidding farel to downing street. will he be remembered for brexit or party gate? listen to who elizabeth plans to represent. roll tape. >> i want to be a voice for the 74 million americans that voted for him and kind of tell them, you know, from my experience, here's why i won't support him again but here's what a future republican party can and should look like. stu: wow, it'll be a tough table she'll be sitting at. joe concha breaks it all down and how it all plays out, he's next. ♪ stu: opec agreed to cut oil production six weeks after president biden begged the saudis to increase supply. grady trimble in chicago. all right, grady, what output does this send to america? >> saudi arabia and opec don't care we're paying m

how much does it cost for you to extract nat gas from the ground right now?qt and profitability moving forward? >> we are a low-cost operator. at eqt, we generate profits and free cash flow at a gas price a little around $2 that's well below where gas prices are today so, you say, with this market signal you're seeing where gas prices are north of $7, what is america's largest gas producer growing supply the answer is very simple but disappointing at the same time we are out of energy infrastructure we do not have any more pipelines. you can't push a rope uphill, you can't put more gas in a pipeline that's full that's why this infrastructure is incredibly important. i'm saying loud and clear, with more infrastructure, industry will step up and bring the supply america needs, the world needs. we need the opportunity to make it happen. we need the opportunity to build this infrastructure that is critical >> toby rice, hearing it once again. every time you come on, it's a similar refrain. we always appreciate it. thank you. >> thanks. >>> after the break, nasa c

nat gas down 17-cents and price of gas going up again, up 2-cents overnight to $3.74.alifornia, you'll still pay $5.88. coming up, sonny ripped into republican cohost for sticking with their party. roll tape. >> it's a party of white supremacy, it's a party of fascism. if you remain in the republican party given what you've seen, given what you know, are you comcomplicit? stu: white supremacy et cetera et cetera. we'll get into that. it's gotten scary and dangerous. look at that headline? she's on the show later. we're six weeks from the midterm elections, larry kudlow always says the cavalry is coming but even if republicans do take control of the house and senate, can they cake stop the big tax hikes? we have more on the show after this. todd: stu: six weeks to the midterms and these elections could be the most expensive midterms ever. henry vaughn with us. how much spending are we talking, hillary? >> stuart, $6.4 billion and that's the company ad impact and combining with campaign finance data and candidates and groups spent almost $50 million on midterm ads just i

nat gas up 1.5%. >>> in cryptocurrency, bitcoin and ethereum with support to the upside bitcoin prices up 3% 22,256 losses for ethereum. 1 1,756. ethereum prices out performing the crypto market ahead of the merge of the technical side. watch for cryptocurrency as well >>> around the world, europe is getting the trading day going on they have been open for a little bit. green on the screen. karen tso is standing by with the early trade action in europe >> dom, good morning up, up and away with the risk-on moves. it has been cautious trading pattern for a number of weeks with the energy story as europe eyes supply from over winter and beyond we are back in the green parking aside the concerns the ftse here in the uk up 1.2%. dax up 1.5%. stronger gains of 1% across the markets from france to what you see in spain and across to italy at 1.76% pop defensive markets in switzerland. if you look at sectors, you see various sectors up more than 2%. basic resources and banking and reit names higher. gdp from the uk returning to growth in july up .2% after the contraction in june. also hawkish

dutch nat gas down 6.66% that's ominous eep up. so my husband just stopped taking his medicine.et back what i lost, but thanks to aarp, a new law will protect seniors with a cap on their prescription costs. that could have changed everything for us. i'm just grateful that no one will have to face the terrible choices that we did (vo) hi. we're visible. a different kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com. ♪ ♪ i was having relationship issues with my old bank. it was just take, take, take. so i moved to sofi checking and savings. get 2.00% interest, and earn up to $300 when you set up direct deposit. sofi. get your money right. how do we show strength and stability? you set up direct deposit. (eagle call) a mountain? a tree weathering a storm? (thunder) lions? nope. (lion rumbles) we do it with our people. you'll always remember buying your first ca

nat gas is up 1% in crypto, bitcoin and ethereum prices trading lower they have been volatile, but steady around the 20,000 mark. just about flat for ethereum prices $1,359. >>> let's get a check of markets around the world and julianna tatelbaum live in the london newsroom good morning, julianna >> dom, good morning as for european trade, it has been choppy so far at the moment, all of the major regions are trading lower. ftse 100 in the uk is only 7 basis points higher. cac in france is under per perf performing ftse mib is down as they wait for the elections on sunday. and we could have alarm for investors with german august producer price index it shows inflation is continuing to run hot that was the biggest jump ever for the ppi. in terms of the central bank, we got a big decision from sweden central bank the ckrona is trading lower analysts are calling this a catch up move from the central bank to beat inflation running at 9% in august. the move in the krona is moving lower on the back of the decision the idea is the central bank is front loading interest rate hikes, but doesn't mea

reach record nat gas production this year.nd for more on the markets and of course maybe some football, we're joined this morning by dallas cowboys owner, majority stakeholder in comstock resources, jerry jones, as well as comstock ceo jay allison. celebrating 25 years of listing. congratulations, guys. >> i told jay earlier, it seems like i'm in the habit of riding these greattraditions to a little bit of gain cowboys, of course, we've ridden that great tradition to beyond anything we could have imagined. and really here comstock is 25 years on the stock exchange, and we've ended up with more natural gas in the right spot than anybody in this country, and so it's great to be riding tradition at 25 years in this case >> you know, 25 years and 9 months ago, you'd have never thought we'd be here at the single largest financial institution in the world, and having natural gas, which is, you know, it's american gas. >> does this cycle, this energy cycle, feel different than anything you guys have been through? >> no, i think we've

we have nat gas moving lower at the moment but basically, when you take all of that offline, it meansnow out 190,000 barrels per day of oil production. offline. according to the bureau of safety and environmental enforcement, they say that. now there's new data from core logic, which estimates more than 1 million homes across florida's gulf coast are at risk of facing major damage from ian's impact, possibly facing reconstruction costs and too early to tell but estimating $200 billion. let's go live from the ground to find out really what's going on. st. petersburg, florida, with max gordon. max. >> reporter: hey, liz. mandatory evacuation orders in place in pinellas county and people in zones a, b and c and people in mobile homes told to get out. right where we're standing is evacuation zone a, the most susceptible to the storm surge and we're expecting the scene behind us to change drastically in the next day or so. all 67 can wants here in florida under a state of emergency and thousands of national guard troops have been mobilized to help out when the storm makes landfall here in

nat gas down, diesel down. t a rail >> yeah, you go coal you don't have to switch to natural gas. coal is all shipped by train i want to announce, julie whalen, a terrific ceo, moving to expedia i just interviewed expedia the other day. i will say that laura has a terrific bench she had an amazing quarter at williams sonoma but i think expedia is a very interesting travel company >> we have the southwest guidance on the current quarter. they don't see any real hiccups barring unforeseen events. they did note maybe a little bit less business travel activity. >> that's true and expedia would confirm that too. this is part of the economy that i like, which is the service economy, the go somewhere economy, the extremely full flight, no more overhead economy. nine wedding a year economies. this is where the money is going. i think i keep going back to what you said. the fed has got to start looking at some of these weaker numbers. they can't just say, cpi bad, let's keep ratcheting. they have go to go back to 2018 ga

benchmark is up ice brent futures is 1.75 to the upside now $90.89 nat gas with 2% gains. we are trying to figure out if there are weekly losses in play. rbob gasoline. gasoline future on pace for four straight down weeks. in cryptocurrency. bitcoin and ether prices moving to the upside. ethereum is $1,104 up 4%. >>> around the world, hong kong surging 2% shanghai up 1% let's spin around the world to europe very much green there. ftse 100 is up 1.5%. the cac in france is similar gains with the dax in germany. let's get to the top stories with partnippa stevens >> dom, the biden administration is weighing executive order for development in china the order could come in the next couple months and potentially block outbound investment by american companies and individual investors >>> and a rocky week for the spac tied to former president trump's truth social the company failing late yesterday to gain the necessary votes to delay planned merger with truth social trump media and technology group digital world had been pushing shareholders to vote for the year-long delay this w

nat gas where's that this morning not doing much i don't believe. it's down 4%. all over the place. regular gas is 3.72 gone up overnight. actually its gone up for five days. diesel $4.89 on average. here is what we have for you. authorities seize nearly a million fentanyl pills. last week alone. one plan was arrested after authorities found 90,000 pills in his car. nothing is being done to stop this deadly flow. the governor of california, gavin newsom, now allowing illegal migrants to get state id cards. that will allow them to get other benefits all on the taxpayer dime. former white house press secretary jen psaki has a bleak outlook for democrats ahead of the mid-terms. roll tape. >> look, i think that democrats , if the election is about who is the most extreme, then they're going to win. if it is a referendum on the president, they will lose and they know that. ♪ go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software tha

nat gas reserves going to cefc, tony bobulinski said 10% was set aside for the big guy, joe biden. gop oversight finding more and more information about joe biden knowing all about this all along. >> well, absolutely. tony bobulinski testified before, gave testimony to the fbi, at least five hours that we know of. all of that is simply gone into a black hole. so these are the questions we need to ask. eventually we want to see those five hours, see what he said. we know what he would say to us today but it is important to see what he said then and why the fbi thought it was possible to ignore it. and you know, liz, when i say fbi, it is important to understand the fbi is part of the department of justice, a u.s. attorney in every case is part of the coverup. elizabeth: got it. congressman issa, thanks so much for joining us. a pleasure to have you on. >> thank you, liz. elizabeth: dr. fauci again claims school shutdowns were quote, worth it after he denied urging shutdowns. democrat senator joe manchin he is warning that bernie sanders and the democrat far left, they are destroying

. >> and finally, megan, in terms of energy, a lot of losses recently in west texas, nat gas, gasoline, even european energy, but you are remaining long on that space, right? >> that's right. we have a slight overweight to energy stocks. if you look out over the next year, we think the supply environment is going to remain quite tight. you know, we have gotten the oil market and energy markets more broadlypricing in recession risks here in the u.s. and globally but, you know, if we look at the china zero covid policy and the potential, not guaranteed, but the potential for that to relax a bit, the iea has a 2% cut and a 6.5% growth next year. so there is a potential swing there to support energy. >> right interesting. megan, that's a lot of work we just did going through some play books. appreciate it very much. see you soon. >> thank you so much. >>> well, the tax man cometh and he's coming for tech why they could see their tax costs skyrocket next year. that's after the break don't go anywhere. >>> dow is down about 186 here the pound, obviously, had a busy morning. there was some sp

nat gas coming down to 6.62 the average price for a gallon of regular gas on the upside again, yeah,0.02 overnight to 3.76 and look at that. that is california, the average for regular is 6.03 it was 5.49 a week ago. i believe they got refinery problems in california. coming up, a new op-ed says president biden thinks the stock market doesn't matter. liz peek wrote that. i'll tell you why the stock market really does matter for most americans. halloween just weeks away, but now the drug enforcement administration is warning parent s hey, you've got to be on high alert after officials seized 15,000 fentanyl pills dressed as candy. disguised as candy and there's this. the governor of new hampshire, chris sununu predicts a reckon ing this november for the democrats. he's here on that later in the show. ♪ then i got the dexcom g6. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2. that's a huge victory. if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and s

nat gas prices, up. this could be a very difficult inflationary winter. what say you?rd winter, and the europeans are going of to have it even worse because what is happening with the gas from russia. but the president overlooked the fact that even though he says it only inched up, comment caters, observers thought it was going to go down slightly because of the big decline in gasoline, so it was a disappointing report. so this happy talk is going to hit him back hard, and he's doing all he can to make it impossible to recover from the inflation that comes from disrupting supply chain. they already put, pulled back leases, five major leases on federal hands that had already been done, now they're walking those back. and so it goes on and on. and the federal reserve is going to push us -- if it hasn't done already -- into a recession. and that's the only way they know how to get down prices, is by depressing the economy. not the right way to do it, and we're all going to pay the price for it. stuart: vanguard has come out, an investment firm, they think there's a 65% ch

and this wednesday we saw definitely less supply, which means higher prices, crude oil up 4.5% and nat gas up 3.25 and heating oil getting a big bump of 6%. now we want to dell you about 9% of oil production in the gulf of mexico shut down at this hour as the storm was forcing oil companies to evacuate the offshore platform workers and refiners rallying. that's a nice move there for pbf energy. up 8.25%. sinclair, hf sinclair corporation up about 6% and phillip 66 up 5.6%. now, you know, there are all kinds of etfs here. we have the direct and daily oil and gas exploration bull move giving you double the move whether it's up or down here. you can see up 11.6% for that etf. more than 624,000 customers without power in florida at this hour. lee county reporting the most out ages in ft. meyers and cape coral. let us go live to the area where ashley webster is in gulf port, florida, in the middle of the tempest. ashley, tell us what you see and what it feels like? >> reporter: the winds continue to ramp up, liz. i'm in at least half a foot of water here laying in some places more than a foot d

skyrocketing here because america's energy is stretched to the breaking point that matters because nat gasay powell is watching like a hawk. higher energy prices mean he has more reason to continue this relentless series of rate hikes. unfortunately, with wage inflation we simply don't have enough people to get the labor market to cool down. we don't have enough natural gas to bring it down 50% to where they were a year ago that might surprise you because we're supposed to sit on a century's worth. we're supposed to have enough of this stuff to totally replace coal as we send the surplus to europe how do we have a shortage? is here is the thing. we have enormous amounts of natural gas the god father natural gas, energy building to tells us we can take care of ourselves and europe and he's been dead right on natural gas for years if the predictions take awhile to play out. delorean is too speculative but if you're a younger investing you have my blessing why am i worried the natural gas prices won't come down any time soon it's not enough to have this stuff in the ground. you need the infra

i would like to get bigger i think you'll see nat gas rise into winter in europe, but that's consensus >> pioneer >> i agree with savida on this energy is a supply story materials, they need demand, and they need demand, the most powerful source of demand comes from the chinese in their public works project. and you're just not seeing that right now. the absence of demand and materials, i wouldn't be there relative to the opportunity source, where you've got supply challenges and energy. >> we'll take a break, and when we go back, back to where we started. fedex shares, on pace for their worst day ever one of our committee members owns that stock. they'll call in with their take, next ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> big stock story of the day, by now, you know, fedex on pace for its worst day ever on the back of that preannounc

nat gas is down 4%. regular gas is at 3.68 unchanged from yesterday. california, you're paying 4.91. wow what a show coming up and there's this for you. we have a lot of viewers in the villages, in florida, and i hope they're with us today because steve doocy is on the show. he had a fine old time in the villages yesterday with his cookbook. he's on the show today. will fed rate hikes slowdown holiday shoppers, good question. analysts don't seem to think so. what about our retail guy gerald storch? what does he say about consumers shopping at the end of the year, i'll ask him he's on the show and add speaker pelosi to the list of lawmakers dodging questions about a biden run in 2024. watch this. >> president biden is the president of the united states. he did a great service to our country. he defeated donald trump. i'm not going into politics about whether the president should run or not. stuart: [laughter] okay, democrats seem to be distancing themselves from the president ahead of the mid-terms. we're

look, i'll be back in it i still believe in nat gas i still believe europe's going to have a tough timebut you just can't fight the trend i had to stop on a trade and i had to get out in terms of amazon - >> please . >> i sold amazon i sold it because 15% down, in this market 15% is quite a lot so, it was a trade, worked out sort of okay. >> you do have some other trades, too. we're going to wait. we'll do those on the other side of the break stay with us we have mike santoli joining us with his midday word ♪ ♪ ♪ ♪ ♪ ♪ at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. >>> we're back mike santoli is back with us with his midday word what's on your mind today? >> well, scott, obviously the bond market once again in control. it's hard to see, you know, any kind of an all-clear moment in stocks, if we're going to keep making new highs in those yields they've kind of gotten to new highs and held there for a while. everyon

first up, nat gas and suspicious leaks in a pair of pipelines carrying russian gas pippa has that story. >> we're talking about the nord stream pipelines they have been hit by three different leaks at once raising suspicions of sabotage the swedish national seismic office said it detects two blasts they're certain were explosions rather than an earthquake this does not interrupt supplies right now, given that neither pipeline was actually carrying any gas. gazprom had already cut flows via nord stream 1 and production on nord stream 2 was halted earlier this year. it raises questions about future flows, especially heading into winter antony blinken said sabotage of the pipelines is in no one's best interest but rbc said this could be a burning down the house strategy with more infrastructure potentially at risk >> wow we also want to talk about oil and the impact from hurricane ian. it's poised to strike florida's gulf coast what's the impact on crude so far? >> at the moment we're not seeing that much of a response hurricane ian is nearing florida but missing the panhandle, missing muc

this is a big deal >> where do you think this goes in terms of the impact on prices both in oil and nat gas find alternative sources? >> yeah. what we've learned is alternative energy can't cover everything europe, between nuclear and alternative, can only cover 25% of the requirement 75% of the energy in europe is still oil, gas, and coal so that's going to be a reality for a long time, not just for europe, but across the world and that means prices will stay high as long as the russian supplies and the rest of the world are at odds with each other. it's got to be resolved or we're going to see high prices for many years, well into the end of the decade. >> wti coming back, it was under more pressure under concerns of chinese growth sadad al husseini thank you for taking the time. >> my pleasure. >> do not miss tonight's special "energy emergency" for more on the outlook of oil and natural gas, tonight 6:00 p.m. eastern here on cnbc let's check on the markets right now. the dow down about 141 we recovered a little bit since the start of the final hour of trade. the s&p down less than a thi

to america and to the world with an all-star guest lineup including ceo of the country's largest nat gas producer, eqt. why the boston area warned it may not have enough power to give you heat and light in the years ahead. plus, the ceo of american light and power. that is tonight, 6:00 p.m. eastern time tie it all together to why it matters to you, your family and the united states. we have a big news alert on the housing market mortgage rates are on the move and not on the way down. >> no, they are not, brian after a really volatile week last week, here we go again. the average rate on a 30-year fixed jumped to 6.25%. we saw some very wide sprwings last week, but this jump up today would seem to indicate that the 6% range is now the new normal the last time we were this high was back on june 14th, but rates came back down into the 5s quickly in august. it was the jump in june that put the first brakes on the housing market, which has been weakening ever since rates did fall back to just about 5% but recent word from the fed it's going to be more aggressive on putting the brakes on infl

they're in the nat gas and crude oil space. they had tremendous dividend growth, something over 68% i think five-year annualized because like all of these companies, they have changed their investment strategy to a capital allocation strategy, so they have grown the dividend they had $1.50, $180, $2, and $1 special dividend in the last year on top of their $3 regular dividend that's a great stock to put in the portfolio and just let it do the work for you in terms of target, it's well above the lows we saw in june. this is one of the best managed retailers in the world, frankly. dividend was raised about 20% last quarter and it generates a 2.6% yield. you're getting paid to wait for the consumer to stabilize and normalize. and then cmg has proven they have pricing power they continue to raise prices, they continue to beat on earnings and they're in the sweet spot of the digital narrative. that's where you want to be. >> nancy, always great to see you. thank you for your time. >> thank you >> coming up, retail sales rose in augu

nat gas and electricity prices are going straight up. >> brian: people feeling the utilities. >> it'st worse. the moment the weather turns colder and do that pretty soon -- almost said it, didn't i pretty darn soon. well, the moment that happens, your home heating bill goes up. and your electricity bill goes up because na. >> it is in short supply it effects elected et cetera et cetera. >> steve: one figure last week. fuel oil which a lot of people depend on gone up 70%. jaw-dropping. later today the feds are going to meet up and jack up interest tritsd try to slow this economy down. you will see all kinds of speculation today are they going to raise interest rates 57 bases points or 100 bases points. there is a cottage industry of fed watching, just speculation. the fact is interest rates are going up. mortgages are now above 6%. double from what they were two years ago. auto loans, the interest rate on them going up. credit card rates going up. and today -- tomorrow afternoon, the federal reserve will announce just by how much they are raising interest rates. be sure they are going

nat gas also up a bit, 6% because it's all over the place these days and the average price for a gallonifornia though, it's still 543. coming up, the white house claims they have done more to secure the border than the previous administration. really? roll tape. >> we're certainly doing a lot more to secure the border and could be doing even more if republicans would stop their obstruction. stuart: what! what! it's somebody else's fault? good lord. texas congressman tony gonzalez says it's president biden who brought pure chaos to his state. he's on the show. and there's this. the threat of a rail strike still looms and the food industry would definitely be rattled if a shutdown happened. food prices would go up. jeff flock reports, after this. ♪ ♪ it■s hard eating healthy. unless you happen to be a dog. (cecily) wow, we're on verizon now. (adam) because of their new plan, one unlimited for iphone. it comes with apple one. that's apple music, apple tv+, apple arcade, and icloud+ (adam and cecily) all included. (cecily) on the network you want to be on. (adam) exactly. we could be up her

and as we talked about, the price of nat gas ten times what it is here in the united states. so people complain here, people are really feeling it over there. that tells me that we could get that sub $2 that jim was talking about for the earnings picture for the s&p. we could get that because if europe really has to hunker down, if those factories are not open, except for three days a week instead of five, that's a significant head wind, and the counter to that would be if china came roaring back. we know that consumers in china will likely spend because that's what we saw here when we reopened but the fact that they have been locked down this long, dom, probably without the same wages and government support that they had here tells me that maybe they don't come roaring out of the chute like we did here and if they don't, and europe is flat and falling off a cliff, as far as demand, that's a reason for these earnings to be revised lower. >> so interesting, steve to that point, you watch the fed, you watch the ecb as well the fed kind of laid the precedent out there for the hi

/reward of entering into the energy patch has just gotten ten times better, right instead of buys nat gascan buy it at sub-8, 7s, maybe even lower you know, the risk/reward lines up much better in anticipation of the winter, which is not going away you've got a lot of moving averages, technical selling, some dumb-dumb money being sold, but by tuesday, wednesday next week, again, i think people will reassess what's going on here and say was it a warm winter winter hasn't even happened yet. who knows what dizzy mand will be so i think it's going to present a pretty good buying opportunity. >> what's driving it the most, do you think, and maybe it's a confluence of the dollar, weakening global outlook one more than the other? are they both playing roles in their own way? >> i think what it is is really the market is pretty illiquid, as the opec minks test said, things are happening for no reason i think what's happening is no one want to get in front of a freight train. but i do think -- you've seen what's going on in europe with the variation payments situations where, you know, everyone is

there is quite a divergence between crude nat-gas, crude is further going backwardation.he curve itself is pricing something very different. my view there are a couple event driftedden things that can push it way higher. i hope that doesn't happen, if god forbid this administration does go forward with withinan iran deal, let iran put a lot more crude on the market that could put prices up. if that deal gets done it could push it lower. if it falls apart it could go lower. i said it backward. the chinese saudi discussion, people a applauding u.s. backs taking their own hands world oil supply. i'm kicking and screaming we take our own matters in our own hands. other people are following advice and i wish we would follow it ourselves. charles: to that point the uk is doing all things of price caps but on the other end they announced they would lift a fracking ban. that is a great message to everyone, particularly the davos crowd, tell us we don't knee fracking do this, do that. they can afford it. the fact we need to push back against this notion that fossil fuels are bad f

nat gas reserves to china, trying to help china invest in u.s. drillers.s a federal judge tosses out school mask mandates and vaccine mandates as school board parents, they're coming on strong as the new powerful force in u.s. elections. i'm elizabeth macdonald. the even -- "evening edit" starts right now. ♪. elizabeth: welcome to the show. we begin with stocks, wall street posted its third straight day of declines as traders sold off financial and tech stocks on fears of federal reserve's aggressive rate hike to rein in inflation. those hikes, then orders 300,000 more russians called up to fight in ukraine. his invasion faltering badly. more than 1400 protesters in russia reportedly arrested. back home, the big fight over the fed raising rates and the fear it will not stop inflation. edward lawrence has more from the white house. edward? >> we, liz the federal reserve chairman told me americans can expect that economic pain for another two years. the fed predicts that inflation won't be back to their 2% target until the end of 202025. in fact the predicti

nat gas, $7.97 and rising just a little. very volatile comity.e price of gallon of gas down one cent to $3.75. the cheapest gas in america is in texas, $3.21 for regular there. buckingham palace says doctors are concerned for queen elizabeth's health. members of the royal family gathering around her at her especially estate in scotland. >> cool your home and make sure that thermostat is above 78 degrees. still feels cool beyond words. i walked in at 78 degrees and felt like i needed a jacket. stu: i wonder if governor newsom read this morning's wall street journaling that takes his climate policy to pieces. we'll be back. ♪ stu: dow is up 100 and nasdaq down 64 and the treasury yield up about 15, 20 minutes ago and now it's moved a fraction lower, 325 is the yield there and show me the two year, please. 325 on the ten year and 346 on the two year and again that's close and a recession indicator. administration about to release its $50 billion chips act. susan lee joining us from san francisco with how much of this money is actually going towards

nat gas, where's that? that is at eight bucks per million british thermal units.of gas is 3.69 down one cent you're still paying 4.97 for a gallon of diesel. there you go just dropped below five bucks. coming up president biden slam ming republicans for sending migrants to sanctuary cities. roll tape. >> republicans are playing politics with human beings, using them as props. what they're doing is simply wrong. it's unamerican. it's reckless. stuart: oh, right get this and the city of el paso run by a democrat. going to spend $2 million to bus migrants out of there, to d.c., mostly. and there's this. 90% of americans identified as christians in the early 1990s that number is now down to around 64% and it's declining further. more on that trend, coming up. ♪ faith in something bigger ♪ ♪ i've always loved building things. not just structures and skyscrapers, but teams who make it all possible. after all... we wouldn't be where we are today without them. so we made sure that like these buildings... their futures may also stand the test of time. ♪ ♪ ♪ ♪ ♪ ♪ we believ

have a look at where we are in brent, and other nat gas. e some special measures ahead of that to rein in these energy costs. maybe gas price caps and also may be some tweaks to derivatives trading in the power market. let's throw in the kitchen sink, kind of energy crisis. yvonne: let's bring in andrew james. what are we expecting from the eu? andrew: as david was mentioning, a bunch of things are being considered. they're looking at capping the price of natural gas and also looking at a price ceiling on natural gas from russia, restricting derivatives trading. and also critically, they are looking at creative lines to support utility and the market participants. trying to avoid some sort of lehman moment where you get the impacts from the spring across the financial sector. germany has already come out with a $65 billion package to protect consumers from some of the impacts of the energy crisis and scandinavia has moved to support liquidity for direct utilities. david: opec+ has a meeting later today. what can they do with their oil market

supply chain, you know, operations inside of russia and russia seems to be making as much money on the nat gas and oil as ever. who has the upper hand and where is this headed the next few months? >> that's, first of all, thanks to mike and everyone for joining this morning. it's complicated and let me take a step back and first of all, there are multiple layers to this. first of all, there's the support that we, the u.s., the g7, the eu are providing to ukraine, which is a huge economic financial component and second, the more aggressive warfare elements that we're using against russia. i'm going to start with the latter ones, that you pointed out and i don't want to forget ukraine support as well,it's not just himars and other military, ukraine needs money and where it's going to get that money is important of the short-term aspect of the war, but the longer term, what happens next and i don't think we can lose sight of that. let' start with the russia side. we collectively and the u.s. made a decision at the earliest stages of the battle that we were not going to engage militarily in direct

let's bring in dan everhart, our oil and nat gas kind of guy whose with us this morning.said that global energy markets are entering a winter of discontent. okay, got it. how high is the price of oil going to go in your opinion? >> well, look. i think this is a calm before the storm, right? the last couple of weeks, oil prices have gone down based on china, reducing demand and global recession fears, but you know, i think we're going to exit 2022 with oil 105, 108, 110 , somewhere around there and natural gas is really going to spike this winter. stuart: when you say spike, get up to what? nine or $10 per million british thermal units is that what price you're looking at? >> yeah, for north america. look, it's already around 30 in europe and i think you're going to see those two converge and see it definitely spike in north america to somewhere around $9 in million british thermal units stuart: but if that happens, the electric costs go straight up as well, don't they? i mean, they're already at a very high level. you're predicting essentially that electricity costs, util

that's not going to do the nat gas much good going to go straight up.ult to navigate this winter. >> steve: we are so lucky stuart would stop by. so busy today. tonight at 8:00 on fox business it's "american built" a great series and watch stuart on varney and company coming up in about 20 hours and 13 minutes on fox business. thank you, stuart. coming up on this tuesday that feels like a monday, a texas sheriff is labeling fentanyl a weapon of mass destruction and he's right. the effort to stop the surge from deadly pills from china as border agents seize more than 200,000 rainbow colored pills. who could those be intended for? that's straight up. ♪ and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with no fees, low fixed rates, and borrow up to $100k. sofi. get your money right. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your j

large exporter, but we have the capable to do far more i think we'll see this play out in terms of nat gasorganizing right now. we would not go back to business as usual i as usual. i think we'll see that play out over the next five to ten years. >> interesting the world order reorganizing right now. we really appreciate your perspective, al. thank you for joining us today. >> thanks for having me, appreciate it. >>> as we go to break a quick programming note, starting tomorrow "techcheck" will be live from the code conference in los angeles where the speakers include tim cook, andy jassy of amazon we'll be live alongside kara swisher and the crew >>> dow almost erasing all of its morning losses "squawk on the street" will be right back lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just

of the euro strength today euro dollar up a percent, that's staying about six months eur european nat gasone month low. germany today saying storage could go to 90% and then a bunch of, obviously, hot takes on what this means for putin's image as, you know, of competence and stability and whether or not he's going to start to get some pushback internally, not to mention the operational gains that ukraine has made. >> don't want to be too historical but in the war against chechnya in 1994, led by yeltsin, there was a terrible defeat and one of the reasons is because the chechnyaens united against russia when chechnyaens abandoned chechnya and went with russia, i believed from the very beginning that putin felt there were many russian supporters in ukraine. major misjudgment. and then he felt that the government would collapse. major misjudgment. he also felt that this war would be over quickly because he wouldn't want to talk about it as being a real war. he wanted it to be a police action all these things, carl, are cutting to the belief, i believe, that europe, the euro dollar, may be bo

had a down tick because the number of reactors that are offline so almost everything is related to nat gas, which has gone from 38% to 44% this year, which is an awful lot of natural gas, so you can see why the price is higher thank you to russia and brazil for that the thing i would emphasize, carl, is once again, why don't people see that powell's winning on some fronts you can say, that's happenstance, but this decline in gasoline wasn't supposed to occur. carl, it just wasn't supposed to occur. and yet, he got it that used to be front and center as the main reason why we're in trouble. it's just wrong. people are paying three bucks, having fun >> yep yep. there was some policy behind it, but also, you know, demand, david. maybe that's a return to work. people didn't have to commute as much, which is sort of a -- will be a question for a while, how much structural demand destruction is there, and just gas gasoline usage in this country at least >> it will be an interesting question because again, when we come back to it so often, it's not as though people are going to be going back to t

nat gas may have its lowest close since july opening bell coming up in a moment and you can catch use, anywhere, listen to the "squawk on the street" opening bell body cast back in a moment this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. ♪ ♪ ♪ ♪ all-electric with room for up to seven. it's the suv electric has been waiting for. the all-new eqb from mercedes-benz. ♪ ♪ go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainabl

goldman, cutting their forecast on european nat gas. in their view they have successfully solved the puzzle how to get through a winter. the issue will be next year when storage goes back to 20. you have to get some demand destruction. >> and going to be dealing with what are going to be consistently high prices for energy and what that's going to mean for manufacturing on the continent and certain sectors they're going to have to slow dramatically >> oh, yeah, goldman has called the situation dire we haven't mentioned ukraine page 1 of the journal -- timely, the "times" 40 local russians calling for the resignation of vladimir putin bloomberg with the piece about how the possibility of a collapse in the russian military is now something people are actively trying to gain out. >> well, in the second month of the 1994 incursion into chechnya the russian army did collapse and everyone thought that this russian army was the brand new, more disciplined army. they chose this to be a police action they did not send their major divisions like

stu: the price of oil at $88 a barrel and g nat gas up $833 and still at 370 and for a gallon of dieselboth down slightly. new york timesments its staff to return a -- new york times wants its staff to return to the office at least three days at least. employees in revolt. cancel culture of scooby-doo's velma for her inability to call police. next, roll tape. >> i'm mr. ross' nephew. don't worry about it. stu: we're showing you that because new york state lawmaker are pushing for more people to be like george and allow some workers to sit on the job. what a story. we'll be back. ♪ which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain, and rapid breathing or heart rate, or if you are nursing, p

nat gas down significantly, below eight bucks and the average price for a gallon of regular is down onenia still paying 5.27. here is comes coming up. growing concerns that pennsylvania democrat senate candidate john fetterman will not be able to fulfill his duties if he wins. listen to republican senator pat toomey. based on what i've seen from the videos of his very few public appearances i have my doubts about whether john fetterman is up to the job. stuart: there are health concerns, so is fetterman up for the job? remember his dr. oz is his opponent. we'll take a look at that. and look at this. it's an op-ed, november elections are fast-approaching and republicans must get our message. oh, what is that message? liz peek wrote the story and she's on the show and she'll tell us what the message should be. and then there's this. margaritaville at sea. its got a special offer for first responders. we'll tell you all about their heros sail free program, which launches today. ♪ ♪ with my hectic life you'd think retirement would be the last thing on my mind. hey mom, can i go play video g