stuart varney of "varney and company" on the fox business network joins us now. is the ninth it but people are saying these union guys might have tinkered with the man made them loose on purpose. fhfa sabotage is a possibility. stuart: there's also the pilots are deliberately calling in sick frequently and calling in maintenance calls where they are not necessary but within the manual. what you have got is hundreds of canceled, thousands of delayed flights and a lot of people who do not wish to fly on american airlines. i honestly question is american going to say a united states airline carrier? it is in such a fight with its unions and has such bad pr and no money that i know of. i don't see how it can stay in business which is very good news for all of its competitors. charles: they are in talks to merge with u.s. airways and that could save them. dennis: why don't passengers stay away? don't we have little choice? are frequent flier miles a big reason people fly american even though they're having union problems? stuart: you are right on all counts but i thin

stuart varney serta talk about that next. we bid you adieu, michael reagan, it is always a pleasure. >> thank you. [laughter] megyn: you are so quiet you can hear a pin drop inside the debate hall. anyway, some seriously bad news today for the most accomplished american cyclist in history. lance armstrong and his fall from grace gets more dramatic as one of the country's biggest brands says goodbye. in the news gets worse from there. plus some answers to a few questions from the presidential showdown. who won with women? the race is tightening up with women voters. we will have a fair and balanced debate with eye-opening answers with what happened last night. >> there are three and a half million more women living in poverty today than when the president took office. >> women are increasingly the breadwinners in the family. >> i will help women get good work by getting a strong economy and supporting their work. >> cervical cancer screenings is a pocketbook issue for women and families across the country megyn: a fact check n

bring up the picture from 1987, stuart varney. you look great. ng over each other] stuart: where were you at age 7? >> i was in high school playing soccer, basketball. i was not concerned like -- everyone is reminiscing. stuart: monday morning i want you to bring this high school picture. got to move on. let's get back to the big tech companies that are taking a hit. to time to buy because it is a huge hit? shod the lani with money morning, individual stocks. i will start with microsoft. profits down, sales down, microsoft at 29. would you touch it with the ten football? >> yes i would. it has a great dividends. dividend is secure. i like microsoft and it is down 24. anywhere between here and 24. i don't think it will go there but it did i have a position. it is that this price level but it [talking over each other] [talking over each other] >> moving swiftly along to a stock i do not known called google, $700 a share, weighed down. withhyou by it? >> if you look at google at stock graph based on yesterday's action and didn't know what business th

♪ imus in the morning ♪ >> i'm charles payne in for stuart varney and here is the big story.t romney continues to ride the momentum from last week's big debate victory and the latest pew research shows romney gained 12 points overall, 18 points among women. those are huge gains for just one debate ands' also taking support away from president obama among top bankers on wall street. executives and employees at goldman sachs so-called the fat cats, they are abandoning the president and giving nearly 1 million dollars to the romney campaign that's what they gave barack obama four years ago and companies report earnings and could be lots of bad news expected, but could this also be the momentum that helps mitt romney? "varney & company" about to begin right now. follow the wings. >> it's tuesday, october 9th. earnings season starts after the bell today. the vice-president and the vice-presidential debate two days away and right now here is our company, sandra smith in studio and nicole petallides from the the floor of the new york stock exchange. guys, new polls from pew research

stuart varney is here with all those details. the study lincolns house to go unemployment? the housing situation and the unemployment situation in 900 counties around the country and the conclusion is in two-thirds of those counties, 580 out of 919 are worse off now than we were four years ago. again, that's in terms of housing, home prices, foreclosure activity and the unemployment rate and the jobless rate in those counties. we are worse off in two-thirds of the country. that's the conclusion. >> where is the trend? >> well, the trend in housing, if you look strictly at housing, a very, very modest up trend for home prices and the number of home sales. if you just talk housing and isolation, you can make the point that maybe we are coming back just a also. but when you mix in housing and unemployment, and you look across the entire country, it's a very different picture. i thought i was watching a debate on the economy last night. he brought it all the way back to that constantly and mitt romney always made that point. you can't have a strong foreign policy if you have a

bill: fox business network stuart varney, with me. stuart, i look at 2% give you? >> it will give you a lot of spin. that number will be postively spun because the summer numbers, 2% are indeed better than the sprung numbers, there is improvement. 2% growth is nothing to write home about. it is still a slow economy. it is still the worst recovery from a major recession. it will still not get you a lot more jobs. that number, it is very likely to be revised and revised downward after the election. bill: we've seen a lot of revisions over this. we mentioned government spending increased. what is that about? >> here you have a positive number, 2% growth. they will spin it postively right before the election. dig deeper. look inside the report, and see a 9% jump in government spending. there is some suspicion that these numbers have been juiced by government spending deliberately in that quarter, in the report, right before the election. bill: this is the number we have but what number do you need to have in order to show a stronger economy? >> the number we have is 2%

plus, stuart varney joins us now. he is a host here on fox business network.nother one bites the dust here. so how much novartis did this company get? >> they got $249 million worth of grants. that is a check from the taxpayer, plus, a lot of state aid going into their system as well. essentially, they are bus. another green energy bus. this comes on the day of the presidential debate. president obama wanted to back electric cars that have not been selling where. they were set to make a payment. they don't have enough money to keep going and they are likely to keep going bankrupt. megyn: they were supposed to be selling these electric car batteries with fisker. they, too, had all sorts of trouble. they actually had to stop the bleeding and stop giving money to fisker karma to fisker karma got $529 million in loan guarantees. they ended all production of the electric cars in the united states that does still make some electric cars in finland. we have a half billion dollars worth of american taxpayer money backing up a company which will no longer have a123 sys

good luck with stuart varney. i hope you can explain it better than i was trying to there. the jackson five. it was the number within song. what a good one. ♪ i'll be there ♪ i'll be there [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. >> gretchen: quick headlines. a penn state cheerleader suffering a traumatic brain injury after falling 39 feet from an apartment building. 19-year-old paige rack now in critical condition. police believe it was an accident. >>> check this out. a military transport plane hitting the ground in germany. pilot did finally steady the plane and was able

here is dana perino from the fox business network and stuart varney. hello.e enjoy it. >> i'm going to say the brochure will not work. >> sean: so, i don't think the bar is going to move any which way. i think the momentum still moves to romney? >> right. i think he did fine in the debate and that is all he needed to do. >> sean: you were almost giddy about last night's debate? >> i was shocked to see the president of united states, so sarcastic, glaring at his challenger, arrogant. there was a glare, he was arrogant. i think he failed totally. in that sense of image he completely lost and romney clearly won. i would like to see him as president of united states. >> sean: it's interesting because this clearly was a strategy that president obama was going in, trying to create an impression that romney is a loose cannon but it didn't work. >> obama wanted to show romney was very aggressive, a warmonger you don't want to go back to those days. romney was mature, confident and president al. you look across the board. mainstream media he passed the >>> been challe

stuart varney breaking down those numbers next. why else would he?n ncis: los angeles to join us on the couch. actor chris o'donnel here. >> steve: first, folks, play along. born on this date in 1959, this celebrity chef is most famous for his cajun cooking. be the first to e-mail us with the correct answer. you'll be the winner today [ male announcer ] when this hotel added aflac to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometime

stuart varney here. martha: speaking of businesses wall street looking for a bit of a rebound today. futures are up this morning ahead of the opening bell thanks in part that better than expected numbers came in from facebook and also from boeing. they're hoping that will bolster the dow. it closes down 230 points yesterday. that is the third biggest decline of the year. bill: that was a shocker, wasn't it? falloff on friday and again yesterday. hold on today. we're just getting started. much more on the e-mails detailing information the white house had as benghazi was in progress. liz cheney will react to that next. martha: and it is go-time in ohio, folks. take a look at this. they are voting for the presidential election 2012. voting has begun in ohio. we're live in battle ground buckeye. we'll be right back with more. >> we're about ready to harvest. once we identified people who voted, we identify those who are not likely to vote for president obama, our job, just before election, is to get out the

stuart varney is anchor of "varney & company" on the fox business network. so, stuart, what do you make of this number today? >> may i start with last week please? martha: yeah. >> last week was the big shock, a very convenient, politically convenient drop of 30,000. that was last week. a sudden drop becausep apparently one big state didn't report their new jobless claims. the president took advantage of that very convenient political decline, going out and saying the economy is headed in the right direction. fast forward to today. a complete reversal. we now have a new number. 388,000 people. that's a very large number. that is the number of people that file first time jobless claims, highest in four months and up 46,000 from last week. that means the employment picture has turned dismal all over again and the president will be hard-put to say the economy's headed in the right direction with a number of people filing jobless claims is going straight up. martha: stuart, we'll get one more monthly look at the overall unemployment rate before this election. >>

bring in stuart varney, anchor of "varney & company" on the fox business network. what did you make of that, stuart? >> i don't think the president had a strong answer why gas prices had doubled during his tenure from a 1.84, to 3.75 as of today. if you look across the whole spectrum of energy policy the president was on pretty shaky ground in all areas. no pipeline. doubling price of gas. he could not answer forcefully governor romney's charge there is less drilling for oil and gas on federal land and offshore. then yesterday morning, we had the failure of another green energy taxpayer subsidized company, namely a123 systems. so across the spectrum, this was an area, energy policy where governor romney could attack, and where there was not a forceful comeback from the president. martha: it seemed, stuart, when it came to the issue, they both tried to portray themselves as all of the above energy, in terms of energy proponents, right? governor romney i thought sort of had a strong moment and went back and said to the audience, does this strike you as a person who wi

good news on the economy, and neither can his friends on the right, including knocks fuss anchor stuart varney who suspect politics were behind the jobs numbers. >> oh how convenient that the rate dropped below 8% for the in 43 months five weeks before the election. >> eliot: unbelievable jobs numbers, these guys will do anything. can't debate so change numbers. tweeting in regards to today's jobs report, i agree with jack welch, chicago style politics is at work here. more about jack welch and g.e. and accurate numbers more in this show later. we have an interview with cnbc. >> we have a very professional civil service organization where you have top, top economists that work at the bls. it's really ludicrous to hear that kind of statement. >> eliot: and the always wise economic adviser had this message for jack welch. i quote love you jack, but here you've lost your mind. what a coincidence joining me now is austan goolsbee, former chairman of president obama's council of economic visors. conspiracy theories running wild, and how you generate them. what is your take on this. >> okay, the num

stuart varney joins me now. anchor of "varney & company" on the fox business network. good morning, stuart. what is this all about? >> this is the sleeper tax issue, isn't it. you have not heard very much about this. the truth is this is about social security taxes will probably, almost certainly go up on january the 1st. neither side wants to keep the payroll tax cut, which is currently in place. so, as you pointed out, martha, that means that everybody who works, maybe 163 million people, they will see an increase in their social security tax each and every week. if you make the median income around $50,000 a year, your tax bill for social security will go up roughly $1,000. if you're in the high six figures, then it will go up maybe $4500 per year. why is this tax cut going to go away? why does both sides think it should go away? because it was originally designed to stimulate the economy. that didn't work very well. and it takes over $100 billion a year out of social security, which has to be replaced with borrowed money. odds are, martha, this thing goes away, the

people protection clause as interpreted by the constitutional scholar stuart varney requires the federallarly situated entities and a similar way. stuart: how can they get away with it? judge napolitano: can't get away with it depending what the federal judge in california will do. they have invoked another power to demolish this oakland facility. the power of condemnation. that is the same power of firms by the supreme court in his infamous case, the federal and state governments can take any real estate the one for any real-estate they want. dave: you are bearing the lead for a second. why is it california, the most liberal state in the country is coming down harder on this marijuana facility -- [talking over each other] stuart: it is not california coming down on it but the fed's. [talking over each other] dave: you have a chance of coming down hard in new jersey, the fed does with the governor that is a republican and coming down harder in california where the demo of -- wire they focusing on the democratic states rather than republican? >> do not know the answer to this until they g

. >> you're nosey, stuart varney. stuart: 100 more or less. >> not telling, not telling.pparently 100-- >> good for you. stuart: we'll return to this subject. >> no we won't. stuart: oh, yeah. listen to this, the headline for you, and this is a headline for everyone, maybe there is hope for california, in a new poll, support for tax increases have fallen below 50% for the first time. and joining us now is tom del beccaro, he's the head of the republican party and whom i would owe an apology, i can't believe that the californians won't go for every new tax that's ever been put in front of them, but this time maybe this'll beat a tax increase, really? >> actually the last eight state wide tax increases failed. this is following the usual pattern. at the beginning of the year, do you want for education? californians are big on education, but over the summer people find out they've been wasting money in sacramento, big surprise closer to the fall, what's on the ballot are you going to give more money, not are you going to give more to taxes. of course, we have the big fight b

stuart varney has evidence that will have you seeing red. o many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. ♪ ♪ ♪ ♪ that should do it. enjoy your new shower. [ door opens, closes ] >> lot rougher than the presidential debate. they were going at each other like ronnie and sammy after a third round of kamikaze. i was clipping between "jersey shore." it seemed to me like joe biden spent about 80% of the debate trying not to curse. he actually said the word malarky at one point. >> steve: more than once. three times. >> gretchen: he said

here to break it down, stuart varney on the "fox business" network. how could it be?it is smoke and mirrors. and governor romney hammered the president on this last night. look, the unemployment rate has indeed come down. why has it come down? because of the creation of a whole bunch of new jobs? no. because literally millions and millions of people have just quit. they've dropped out. they are not looking for work. they're out of the labor market. in august alone, 368,000 people dropped out in one month. they just walked away from the labor force. that just is in one month. since january of 2009 when president obama came into office, 8,419,000 people have just walked away from the labor force. when you shrink the labor force like that, the unemployment rate does indeed go down. >> gretchen: you think the debate last night, that it was effective for romney to point that out, because one of the arguments that i've made is that when the unemployment rate went down from 8.3 to 8.1, that on the simple terminology of just look at the number, that people would go oh, the ec

stuart varney up next. >> pete: nascar champ cause ago massive pileup.de the v8 taste lab. tomato, obviously. haha. there's more than that though, there's a kick to it. there's a pop. wahlalalalallala! pepper, but not pepper, i'm getting like, pep-pepper. it's kind of like drinking a food that's a drink, or a drink that's a food, zip zip zip zip zip! i'm literally getting zinged by the flavor. smooth, but crisp. velvety. kind of makes me feel like a dah zing yah woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. woooo! c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! b

three calls upset the stuart varney household.dministers the do not call list. they told me i am still on it so why the calls? turns out if you have, quote, a commercial relationship with a company the rules have been relaxed recently and they can call you with for example special offers. that is why most of the calls come from credit card companies, utilities, mail-order food deliveries and banks. you do business with them they can call whether you are taking a nap or eating dinner with the family. nonprofits can call too. charities can ask you for money. i understand why i am getting these calls. if you are a marketing director you want to get the word out and a land mine called beats a letter or even e-mail but frankly i hate it. i am watching fox, the phone rings, i have to get up, listen to a sales pitch and there's nothing i can do about it. i can't turn the land line off and i do have a commercial relationship with dozens of companies. i bet it is the same for you. but there's one thing i and my four colleagues are being fo

i'm stuart varney, regular programming continues. >> steve: stewart, thank you very much.own from 8.1. you can imagine they're going to be making a lot of political hay with that today. but as charles payne pointed out, the disappointing and puzzling part is, how could we go down that far if we only added 114,000 new jobs in the months of september? >> brian: all right. we'll see if you think the president's administration is going in the right direction. we'll see what polls say as they continue to go at it in battle ground states. yesterday the vice president was going at it, at which time he ad libbed and let everybody know, your taxes are going up. >> steve: what? >> gretchen: here is the vice president. >> you know, the phrase we always use, obama and biden want to raise taxes by $8 trillion. guess what? yes, we do in one regard, we want to let that trillion dollars tax cut expire so the middle class doesn't have to bear the burden of all that money going to the super wealthy. >> gretchen: you can almost see his brain sort of churning. he was saying in a funny voice,

stuart varney host the "varney & company" on the fox business network. what do the numbers say about the health of our economy, stuart? >> the numbers say there is too little highering and far too many lie yufs. if you go to the big picture, that unemployment rate that has been pushed down because literally millions of people have dropped out of the workforce. 369,000 new claims for unemployment benefits is still a very high number. down from last week but a very high number. if this economy were booming, bill, we would have at least 50,000, maybe 100,000 less jobless claims. bill: what is holding american business back from hiring [why is it not getting better? >> that is easy. that is uncertainty. uncertainty about the election. uncertainty about this fiscal cliff. uncertainty about future tax policy. uncertainty about obamacare is it imposed or withdrawn. that is uncertainty. if you don't know what is coming down the pike you don't expand, you don't hire. bill: good point there. i found the revision last week bumping over 400,000. >> it was revised up,

stuart varney is looking at that host of "varney & company". what are the questions now, stuart. >> looks like a great headline, down 30,000 in one week. here's the problem, bill, this is not a complete report. dow jones reports that one large state simply did not report new people filing unemployment claims. it is a large state, unnamed but a large state. so missing from this report is all the people in that state who filed first time jobless claims. it means it is an incomplete report and therefore, gives you an inaccurate picture of the overall labor market. you have to ask the question, why is a report knowingly incomplete put out with such rosy results 3 1/2 weeks before the election? why are they doing that? bill: are you saying the state is not reporting. >> one state did not report. bill: which state? >> we don't know. we simply do not know. bill: is that normal? >> no, it is not normal. there should be asterisk, or something a big blob on this report saying it is not complete. bill: you're saying you have not seen this before? >> i can'

jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul ryan was very clear. you cut tax rates, that gives you growth. listen to this exchange. >> cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mattally possible. >> it is mathematically possible. it has been done before. >> it has never been done before. >> it has been done couple times actually. lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interruption. that was also a put-down and vice president biden woos factually wrong. jfk, ronald reagan, george w. bush, all of them tax rates, and the end result was a an increase in money flowing to the treasury. revenues went up when tax rates went down. joe biden was wrong. jamie: stu varney doing fact check for us this morning. bill: last night the twitter verse was going nuts

martha: stuart varney, anchor of "varney & company" on the fox business network. stuart, you could tell at times last night both men want to get their points in on the economy even though the frame was for foreign policy. >> that's right. governor romney frequently focused back on the economy and focused in on debt and parallels with europe. we have new numbers from the census department which really make governor romney's point. we oy $5.4 trillion to dollars. $5.4 trillion. that works out to $47,495 per household of which 10,000 is owed to china. now that debt to foreigners has almost doubled in the obama years. very tough to work your will in the world when you owe the rest of the world a great deal of money. the second it team -- item, our total debt well over 16 trillion which is bigger than our economy. that is precisely the same danger signals europe was sending out a few short months and years ago. so the governor focused on the economy, our debt and parallels with europe. we've got new numbers this morn to go back up his case. martha: stuart, the flipside

stuart: chris wilson's take on the debate. tune in to "varneypany" at 9:20 shark when we start. to the big board, the market check. the dow is up 52 points. nicole petallides has let dollar tree. nicole: looking at dollar tree. we are looking at these dollar stores and how they are ferrying. turns out the analysts are cutting price target. higher gasoline prices, all we are seeing cautious consumer spending. you are seeing jeffreys downgrading dollars free and lowered their price target. stuart: thank you. the vice presidential debate filled with interruptions most from joe barton. joe biden. paul ryan knows the situation. [talking over each other] >> i know you are under a lot of the arrests to make up for lost ground but i think people will be better served if we can add stop interrupting each other. stuart: joe biden's most memorable quote was this when the two were arguing about taxes. >> precisely what we were opposing. >> it has never been done before. it has never been done -- >> lower tax rates -- >> ronald reagan -- stuart: steve forbes

stuart varney, anchor of "varney & company" on the fox business network of course. good morning, stewart. what is going on here? >> it is a bidding war. a123 systems makes car batteries for electric cars subsidized by the american taxpayer. it has gone bankrupt. there is bidding war for control of the company and its assets. in one corner, johnson control, that is american company from milwaukee. in the other corner a chinese company. they're standing in front of a bankruptcy judge we'll pay x number of dollars for control and assets of a123. for a second, martha, think what it looks like if, if the chinese company were to win this winning battle. that means a chinese company takes control of an american green company, very much part of president obama's green energy policy and it will be taking control of that company which has been subsidized by the american taxpayer to the tune of $250 million. that is a double blow to president obama's green policy, if the chinese were to win. martha: there go american tax dollars to backing that company i should say. that money

bill: stuart varney, anchor of "varney & company" in the fox business network. you read what? >> there is widespread mistrust of this report and these numbers. there are clear contradictions. 873,000 people said they had found work but only 114 thou knew jobs were created that is contradiction. if you delve a little deeper, seems a lot of these people who found work, that would be, that is the 873,000, if you look deeply, it turns out 600,000 of those 873,000 people were part-time workers. so they came back into the labor force and they pushed unemployment rate down to 7.8% but there is a contradiction here, between the number of new jobs created and number of people saying they found work. it was part-time work, bill. that's what it was. bill: how do you drop a third in the overall number and only add about 100,000 jobs? >> well the actual rate, the unemployment rate is taken from what is called the household survey. that's, that's the part that found 873,000 people found work. the payroll survey, which is also part of the jobs report, that's the one that showed 114,000 new j