they have our good friend stuart varney on. that coming up on fox business. >> announceryou never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon as our network spots a threat

and the economy is improving but stuart varney is the host of "varney and company," says -- stuart: you you say the economy is improving that assumes there is a sense of direction the economy is going in the right direction. it is weakening. 4% growth at the end of last year. 2% in the first quarter this year 1.7% now. wrong direction. it is weakening. the debt, $15 trillion last year. $16 trillion now. is going up. gas $1.84. most americans pay $4. wrong direction. $54.9 a year, four years ago. was $4,000 less. wrong direction. you cannot say that the economy is improving. cheryl: we are better off than we were six months ago. look at the housing data. there is now more demand supply. [talking over each other] stuart: overall the economy is weakening. the direction is down. gas prices up. food prices up. everything going in the wrong direction. i grant you there's not one element. home prices have gone up 2% after falling 30%. the best you can say is bumping along the bottom. cheryl: we have a recession in the housing market. was depression. we have come out of that ad have people -- [

we continue with dana perino and stuart varney.ion, the president keeps telling us, we ought not offend the prophet muhammad. maybe he has a lecture for harry reid who said he's coming to a state where there's a lot of members of the latter-day saints, lds, that they understand he's not the face of mormonnism, said that he's sullied mormonnism. >> is there anything harry reid won't say? he said he hasn't paid taxes. now attacking his religion. >> it's been three weeks since there was a disgraceful comment by senator reid. we were due one. this happened to be very offensive. most of the media would say, that's exactly right. no one reports on harry reid's religion. >> bill: listen, i'm not allowed to bring up jeremiah wright. >> you're not? >> bill: no, i mean because -- he knew nothing about jeremiah wright's radical islam. nothing. >> where is the screaming headline about attacking governor romney's religion? you will not see it. >> bill: these guys go on -- their little buddies, go on "meet the press," all the sunday shows, and i

stuart varney, thanks very much. just now getting reaction from governor mitt romney making the following statement on the august unemployment report. and we'll quote here. if last night was the party this morning is the hangover for every net new job created, nearly four americans gave up looking for work entirely. this is more of the same for middle class families who are struggling and suffering through the worst economic recovery since the great depression. after 43 straight months of unemployment above 8% it is clear president obama just has not lived up to his promises and his policies have not worked. we are not better off than we were four years ago. the governor says, my plan for a stronger middle class will create 12 million new jobs by the end of my first term. america deserves new leadership, and that will get our economy moving again. just moments ago the reaction from governor romney. >>. heather: meantime, it is game on. 60-days to election day but first president obama making it official. >> madam cha

and that's where we start with stuart varney, host of "varney & company" on the fox business network. stuart, that gdp number is a downward revision and it is a very rough picture in terms of growth. >> yes. it means that america's economy right now is at stall speed, going nowhere, extremely low rate of growth. think about it, martha. we've come from 4% growth at the end of last year, 2 1/2% growth at the beginning of this year. now we're down to just 1.3% growth. that is it. i think that stall speed for america's economy. less consumer spending, less business investment, in the april through june quarter. i've got another number for you that also confirms a very weak economy. durable goods orders, big-ticket items like cars, trucks machinery, and planes, down 13.2% in the latest period. that's the lowest order book for factories all the way back to twine. so when you add it all up, we're at stall speed. feels like we're going into recession and to a majority of people, it feels like we are in a recession already. very rough numbers today, martha. martha: indeed they are. and as you

up next, stuart varney and what america is looking forward to for the next four years. and growing concern about one group who says politics are at stake at the doj. >> president obama and the band of his merry men, might as well erected their own pink sign at the arizona mexico border saying welcome all illegals to your united states. our home is your home megyn: little before 4:00 p.m. yesterday afternoon from the united states marked an unfortunate milestone. the national debt past $16 trillion. if you just sit and watch the number, it's really kind of disturbing. just watch it. we were talking about this yesterday. it didn't get a lot of attention, not on the media headlines for charlotte, north carolina. stuart varney is with us now. >> to ignore this is to ignore a real danger to the country. our debt is now bigger than our economy. our debt is now greater than all of yours that combine. we have interest that we have to pay of $10 billion every single week for ever on that. worse yet, this debt is accumulating much faster than they used to because our economy is n

stuart varney standing by with a very interesting theory.ean connery? >> steve: the actor giving the series a big should be. >> brian: why [ angry ] i just discovered untopped triscuit taste great. oh, it's so good! if this image robbed you of the great taste of untopped triscuit... goat cheese? come on! this is america! ...sorry. [ male announcer ] 100% whole grain woven for an untoppable taste. [ crunch ] ♪ [ sighs ] [ bird chirps ] [ bird squawks ] ♪ [ bird screeching ] ♪ [ elevator bell dings ] [ sighs ] how mad is she? she kicked me out. but took the best stuff. i'll get the wrench. ♪ [ male announcer ] kohler's tresham collection. life. with a twist. ♪ >> steve: take a look at this. gas price spiking above 4 bucks a gallon all in traditionally democratic states. those prices noticeably higher than those in red states. >> brian: so why isn't this an election issue when the economy seems to be driving it? stuart varney is >> you're right, i mean, this is not a political issue. this is not a liability for president obama at this point. my

stuart varney joins me now, anchor of "varney & company" on the fox business network. rising prices and possibly a new stimulus package coming from the fed, stuart. what do you make of it all? >> it is a bleak picture, is it not? that number you mentioned, 382,000, that is a measure of layoffs. that number is far too high. of course it is rising. add that to last friday's dismal america not at work jobs report, throw in the wrinkle of $4 gas which a majority of americans are now paying, and it adds up to a slow economy, a very poor job6ú market, rising inflation, 4 dal gas and with that as the backdrop, ben bernanke this afternoon is widely expected to announce a new money-printing operation, trying to get the economy going. whether he gets the economy going or not is in some question here. it will certainly not affect the economy before the election. so wrap it all up, martha, it's a bleak picture. martha: what does it really do? when you look at the quantitative easing, they print money as you say, buy bonds in an effort to keep interest rates low. that makes the doll

stuart varney from the fox business network joins me now. good to have you here. obviously there is a lot of pressure in this area. >> ben bernanke is driving this oil price spike just as much as the middle east. just yesterday afternoon ben announced he would print up a storm of dollars, $85 billion each and every month as far as the eye can see. that lowers the value of the dollar, when you do that things priced in dollars like oil go straight up. the news this morning, martha, is just that. oil has reached $100 a barrel. gas is closing in on $4 a gallon and we have a blip up in the inflation rate. ben is coming under a lot of criticism on this, because wall street, stock narcket is at a five-year high, doing very well, thank you very much, but the middle class, middle america, pays $4 a gallon. $100 oil, $4 gas and the middle east is part of this equation along with ben bernanke, martha. bill: it raises a big question whether or not that kind of stimulus, that quantitative easing can actually help the economy at all. he seems to think it will. he will continue

stuart varney, see you soon. bill: right about nine minutes past the hour. martha, we mentioned this recorded moment of governor romney speaking frankly with reporters. is this a big deal or does the governor make a good point about the growing government dole in america? we will debate all of that and play a little more. fair and balanced right here. martha: the massive chicago teachers strike keeps dragging on this morning. there may be no school for hundreds of thousands of kids for yet another week. bill: what a headache that is for parents too. two of the nation's top military mds sounding the alarm on many looking defense cuts and what those cuts could do to america's security around the world. >> we need to be honest with the president, with the congress, with the american people and with ourselves about what those consequences are. that a smaller, less ready, led modernized military will be able to go fewer places and be able to do fewer things chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you c

stuart varney from the business network. bill: martha, jobs number two as we get more and more into this. we'll talk to karl rove in a moment how all this place in. we're just getting started, folks. mitt romney responding to critics on secretly recorded video that he is for 100% of americans. karl rove on what governor romney needs to do. we'll talk to karl on that. martha: a stunning report, millions of americans, much more than first estimated will be hit with a tax penalty under the president's health care overhaul. we'll tell you who is hit the hardest. these numbers coming from the government. bill: lucky americans here alive safe on u.s. soil after the reverend jesse jackson help secured their release from africa. all three will tell us about the newfound freedom back at home. >> we're very elated and very grateful for reverend jackson's efforts. he and his team left no stone unturned to insure they took us out of prison and returned us back to the u.s. we're very grateful. you can't argue with nutrition you can see.

joining me is danaino and stuart varney.the big news of the day, stewart, he gets off teleprompter and he doesn't know he's being reported, obama admitting that he in fact believes in redistribution of wealth. a key point in this campaign. >> as we try to resuscitate this notion that we are all in this thing together, leave nobody behind, we do have to be innovative in thinking what are the delivery systems that are actually effective and meet people where they live. and my suggestion might be that the trick, and this is one of the few areas where i think there are technical issues that have to be dealt with, as opposed to just political issues, the trick is to figure out how do we structure government systems that pool resources and hence facilitate some distribution because i actually believe in redistribution, at least at a certain level to make sure that everybody has got a shot. >> yes, that spells it out. that is how you do redistribution in the obama days, okay? you take it from this group, get it to the government. t

judge napolitano: people like stuart varney in the senate.over each other] charles: when the supreme court gives the power, this is what the clean air act to create an agency that supersedes congress how do you get around that? the supreme court has created and given the epa super sized power that it overrules congress. judge napolitano: for congress has allowed cp a to do this and the supreme court declined to interfere. the epa is a great example because under president obama promulgated regulations that showed up in the federal register, senate for 30 days and the house didn't object so they went to the code of federal regulations. charles: can they object? judge napolitano: those very regulations had been rejected by the congress. before they don't have power. congress has no power over their epa. judge napolitano: if they were willing to exercise it. they lack the will and discipline to wonder stand with epa is doing. stuart: out of time. jeffersonian. excellent stuff. [talking over each other] stuart: my take on the president's activiti

i'm stuart varney from the "fox business" network with this special report.or august. we're going to find out if the unemployment rate has moved from the 8.3% reported for july and just how many people found a job last month. it's a snapshot of the economy's performance just 60 days from the election. the president already knows these numbers. he knew before he made his big speech last night. of course, a lot of people have been scanning that speech for a hint of what to expect today. we don't have to speculate any longer. in precisely 20 seconds, we're going to go to the labor department to find out exactly what the unemployment rate was for august and how many new jobs were created. these are official numbers. so let's go now to rich edson with just a moment of seconds to go before he's allowed to announce the rate and the number of new jobs. what do you have? >> 96,000 jobs added. the unmoment rate falls to 8.1%. stewart, there were revisions over the past couple of months showing 41,000 fewer jobs were created than first reported. so 96,000, the unemploym

they are basing this on scientific gobbledygook which is also the name of stuart varney's character in potter. poppycock gobbledygook. very hard to say without swallowing your own fund. stuart: it was funny. case close. your reaction? >> you should be a guest. you should take it to one on one and lay it out. holes are statistics mark twain's famous for saying they're a tweet times as wise and the third one was statistics. stuart: i said flat out i don't believe these polls. >> i can hire expert witnesses who will say anything i pay them to say. i don't use that kind of experts. you putting your money and they sing the song and you can find it in politics and everywhere. people who will say whatever they want to save for their agenda. stuart: i think there is an internal skew in these polls because the pollsters put their own value judgments into the internal adjustments of their results. sandra: trying to create a perception of movement for president obama. there oversampling democrats and overestimating democrat turnout basing it on the 2008 model and a lot of these pollsters are proj

i will turn this around, there was me, peter, this is stuart varney talking football.d in refs who made a lousy call the other night, if they were in the union, that established union, they could not be -- if the union wins, they cannot be taken out of future games? >> that is correct. stuart: fill it out for me, lad. i am struggling here. [laughter] >> unions trying to protect their position. you know. they want to protect what they've got. right now they cannot be taken out of the game that way for a bad call like we saw on monday night. stuart: i want your prediction. will the real refs be back in time for thursday night's game. tomorrow night? >> i don't -- sure. [laughter] i am like you. i am watching like everyone else. stuart: i got you on a football question. peter barnes, they give very much indeed. iran's president speaks to the united nations today. what will he say about israel today. president obama says the u.s. will do what it must with iran. what mr. obama is saying is a very far cry from this. >> do you really think third rate military dictators would

stuart varney, anchor of "varney & company", fox business network with me now. what do you make of that comment? >> the president made three remarkable comments on debt last night and they have been totally ignored by the media. this is key issue, the remarks have been ignored. as you point out, bill, the president said we don't have to worry about $16 trillion worth of debt in the short term. wait a minute. it is ben bernanke who is int mr. ing up the money. that's a problem. interest is running at 9 billion a week. that is a problem. we've reached european style debt levels. is that a problem? last week we were downgraded. all these are causes for concern right now. point two, the president blames president bush for much of this debt. the wars and the tax cuts. that's what's to blame. the president's ignoring massive increases in spending, a stimulus program and a failure to reform long-term entitlements. number three, he was asked how big was the debt when you came into office? he couldn't answer. he said, i don't remember the number precisely. yet in the cam

cheryl: stuart varney. thank you very much. sales of the iphone 5 disappointing some analysts. apple shares are taking a hit. mitt romney fighting back against critics who say he didn't pay his fair share of taxes. we will ask grover norquist, president of americans for tax reform about that very issue in a big interview last night. and union problems are forcing american airlines to cancel over 300 flights over the weekend with more cancellations expected. we have an analyst coming up during this hour of markets now. and it is the top of the hour right now. stocks of course now and every 15 minutes with nicole petallides on the floor of the new york stock exchange. let's talk more and more about apple here. nicole: what's really interesting is what did they actually do? they sold over 5 million iphone 5s this weekend. right? and now they are running out and there are shortages and tim cook is saying being patient. we will get them out as fast as we can. the stock is lower right now. some of the analysts were thinking 8 million would be sold. despite the fact it was more than 5

joining me stuart varney, host of "varney & company" on the fox business network. this is not a milestone we raise our champagne glass to and toast like ticking down of the clock on new year's eve, stuart. >> most definitely it is not, martha. we crossed the $16 trillion mark on friday. we only found it yesterday mid-afternoon when the treasury updated the numbers. so this $16 trillion figure was ignored at the dnc last night and been ignored by the mainstream media this morning. we rolled past a very important milestone with very little attention given to it. but 16 trillion ask 16 trillion and it is going very rapidly. and in fact, martha, the pace of accumulation of this debt is about to speed up. because our economy is weakening all over again. factories are producing less. we have spending on construction, down. and a big shipper, fedex, sees gloom and doom all over the place and a slowing economy. when you have a slowing economy, you build up the debt even faster. so that $16 trillion figure is going to grow more rapidly. martha: yeah. you have to wonder how t

stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you go further and look at the hardship picture we find this year a half million people, actually more than a half million people flat-out dropped out of the workforce. they quit looking for work. they're out of the workforce. and another 736,000 people have gone on social security disability this year. add it up all together, declining income, more people on disability. far more people on food stamps, 12 million more on food stamps, th

joined by stuart varney, fox business network. what do you makes of today's number. >> this is not a good report, make no mistake about it. this does not provide a positive for the u.s. economy. the number is down only because last week the number was revised up so this week looks good by comparison. the fact is layoffs are still running at a far too high a level. 365,000 is way up there. that is a very high number. it is, everybody is looking for a pointer to what unemployment rate is going to be with with the big jobs report tomorrow. so far this week, there is nothing to suggest that it is going to be a positive report tomorrow. all the economic news thus far this week has been negative. martha: all right. stuart, thank you very much. and the president may well know that number. >> he will. martha: as stuart pointed out to us earlier when he takes the stage tonight. thanks, stuart. we'll talk to you in a bit. bill: jam-packed show on thursday morning of "america's newsroom." president clinton now addressing the biggest issue in

let's bring in fox business network anchor stuart varney, anchor of "varney & company". a hallmark of sorts people won't be too happy about. >> around midnight tonight, early tomorrow morning we'll cross the historic $16 trillion mark. this has huge political implications as it comes after first lady michelle obama speaks to the dnc. there is a huge economic warning signal being made here. number one, $16 trillion worth of debt which means we owe more than our economy produces in any one year. our debt is bigger than our economy. secondly, we're now going to be paying close to $10 billion a week in interest alone. about a half trillion a year. 10 billion a week. up from nine billion last year. and about a quarter of that interest will be paid to foreigners. it will go out of the country. japan, china, britain, they're the three major holders of our debt. they all get about a quarter of all of this interest that is flowing and it will flow out of the country. so political impact, and a big economic danger signal too, martha. martha: we know, it was a huge focus of the rnc

stuart varney host of "varney & company", fox business network. glad you're happy you left 35 years ago. what's up? >> germany is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividend

stuart: regular varney & company guest and union defender phil dine demanded proof that the union waslved. listen to this. >> show me the cases where that intimidation has been shown, not claimed, to have existed. stuart: see where we're going with this. now the l.a. times finally gets around to covering h story. -- this story. here's the paper's description of the law firm that the police employed at the time that the mayor was falsely accused of the dwi. stuart: phil dine author of state of the union is again with us in d.c. is that enough concrete evidence for you, phil? >> good morning, stuart. first let me commend you for sticking with this issue. i think too often tv shows flip from one issue to the next. i want to applaud you for sticking with this. it shows you're serious. that doesn't however mean that you're entirely right. i hope to be able to help you on that. last time i was here, the way the mayor presented this about his altercation with police -- not with police, but with a law firm that supposedly made a call that he was driving drunk and then he talked about move on

stuart: do you have gone to south carolina school of mining than what you did in harvard. >> i specialized in social studies and then at oxford and-- >> now here he is now on "varney & companyt: social at harvard and-- >> it represents everything you believe is right in lives. in terms of free market. stuart: i don't have a clue up who enoch powell is. >> spokesman for free market capitalism, led to margaret thatcher and revitalization of britain. stuart: you learned something. >> and oxford, your country. my home country. >> i've been covering for fox business, a vocational school they're thriving, and unfulfilled jobs in this country that need a specific requirement. stuart: we've got to go. the latest read on the housing market in just a few minutes and we'll bring that number to you at the top of the hour. plus, president obama blames bush again. we will play you the tape. and real estate developer don joins us, why the candidates are not talking about housing. so do we. that's next. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex w

stuart: that was a reaction to this morning's jobs report. catch more "varneyweekday at 9:20 sharp. check the markets across the board. not much action in stocks. the dow is up 4. check the price of oil. it is down because we clearly have a sign of a weakening economy. trading in natural gas has been halted. a vital commodity halted for a technical trading reason. that is where it has been halted. gas prices flat as we head for the weekend. national average at $3.82. diesel pay $4.11. bank of america and caterpillar leading the dow. give me two stock prices. nicole: both of these are higher and when bank of america -- you remember this so well. back in december remember when it broke the $5 mark under $4.92. it is up 4%. caterpillar is a great economic indicator up 3.6%. you have some winners. we talked about craft and intel. and banks have done well. >> john cheung said the state teachers retirement system does not helped employees from spiking their pensions. 26% retiring public school executives within a year. is that how it is done. if you can move up the s

stuart: so you went to stanford university. gretchen: oh, charles, where is this going? >> then you went to oxford and you grace the set of "varneywith an educational background like that? >> oh, please, yes. well you know what, i had great parents to told me how important it was to get a great education. stuart: that's fantastic. >> be nice to me now, i don't know what's going on. [laughter] >> i'm just an immigrant, you know. gretchen: and the school of economics, not too shabby. stuart: not too bad. we follow the polls closely on "varney & company," and most have president obama and governor romney next and neck and next, karl rove, the man himself, on how accurate the polls really are. could romney actually be winning. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> president obama leads mitt romney in most of the national pos. the question, can you trust those numbers? do th

stuart: you did. tune into varney & company every morning. we start at 9:20 a.m. eastern.r the dow. check the price of gold. 16.95 to be precise. guess steady overnight. by the way, the number of states, big population states charging four dollars is growing. i believe it is not eight big population states at four dollars a gallon. the dallas cowboys against the new york giants tonight. millions will be watching. the leagues regular refs will not be there. they are using replacement officials instead. i made the comment a few moments ago there was uproar in the studio when i made it, what does this have to do with safety? you substitute refs, what does that have to do with the safety of the players? >> it is the integrity of the game. you will have referees that are on experience, unqualified making calls and games that count. stuart: there is no safety at issue. >> safety could be at issue. if they miss calls. in terms of unnecessary roughness penalties, after the whistle heads, other actions that would be called in a game. if players are being flagged for stuff that is n

stuart: thanks for sarg that first on "varney & company." mitt romney made a strong statement on the chicago teachers strike, president obama has not. the longer it goes on the harder it would be for him to remain quiet. herman cain tells us what he thinks would solve the economic problems in chicago and nationwide, he joins us next. ♪ ♪ i can do anything ♪ i can do anything today ♪ i cano anywhere ♪ i can go anywhere today ♪ la la lla la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything solutionism. the new optimis wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% sati