it is friday, may 27, 2022 and "varney" & company about to begin. the boys are back in town ♪ ashley: kind of a cloudy, misty friday in manhattan, and good band from ireland, the boys are back in town. as we head into the memorial day weekend, the national average, we've been talking about this all week and for a while now, but the national average for a gallon of regular still at that record high, $4.60. ouch. good morning, todd piro, great to have you along this morning, sir. the white house is looking to reopen some closed oil refineries is that right? todd: yeah, could, ashley, this finally be the action from the white house that we have been begging for? well, biden administration reportedly reaching out to the oil industry to inquire about restarting those shuttered refineries. all this , of course as the white house scrambles to address what you just saw on your screen, those record high gas prices that are sending shivers through democrats as the mid-terms approach. just one of the many things sending shivers through democrat s. members of t

maria: all right, we gotta go ashley webster is in for stuary varney today on "varney" & company have a great day everybody ashley take it away. ashley: thank you very much, good morning, maria, good morning, everybody, indeed. i'm ashley webster in today for stuart. let's get right to it, elon musk is committing more of his wealth to finance his $44 billion bid for twitter. this comes hours after the current ceo of twitter told shareholders that well, the company was going forward with the deal. the news of musk's boosted equity to fund that deal sending shares of twitter higher up more than 4%, and you know what else is really higher now? well you know, gas prices. another new record. the kind you don't want to hit. the national average is now at $ 4.60 for a gallon of regular, five states are now averaging over $5 a gallon. that's bad news for the estimated 35 million americans that are expected to hit the road this memorial day weekend. they are going to pay for it. the second quarter gdp revised slightly lower to down 1.5% and there you can see it doesn't effect the futures they

varney & company begins right now. ashley webster in for stu. ashley: good morning to you, i'm ashley webster, indeed, in for stuart varney. let's get to the big headline. deal is on hold, elon musk tweets his 44 billion-dollar takeover of twitter is temporarily paused. he's got to do something with spam accounts. we will explain and have all the details ahead but that tweet sent twitter shares plunging down more than 10, 11, there you go, 11 and a half percent under $40 a share. meanwhile take a look at this, pallets of baby formula, no, it's not headed for store shelves, congressman kate says they are for illegal migrants crossing our border, she's on the show to explain more on that story. meanwhile store shelves are remaining bare yet the white house claims they have been working on the baby formula shortage for months. now the market was set for mild, i say mild rebound. the dow, s&p and nasdaq, look at that, it's all in the gene. in the -- green, in the premarket we will see how it turns out. take a look at the ten-year, 2.9% what the yiel

i'm ashley webster in for stuart varney.oints, just the dow lagging behind, down 1/4 of a%. look at the 10 year treasury which has been heading down 4.5 basis points, 2.86. that could be helping the nasdaq with those big growth check names, let's look at the big tech. meta and amazon have turned positive. meta-up 33/4 of 1%, microsoft and apple and alphabet/google slightly lower. google is flat. let's get to it. producer prices went up 11% in the past year but let's break down these numbers. lauren: the fifth month of double digit increases that means inflation is anything but transient. it is persistent and i will say invented because if this is what producers are feeling double-digit inflation for 5 months they pass it along to consumers. for the most part we have been saying it. it will change at some point and this issue is bedeviling and that is a good word, bedeviling policymakers. ashley: i like that too but that is the word i will use more often today. embedded. thank you very much. i love it. look who is here, embed

great show, "varney & company" begins right now. stuart: good morning, everyone inflation hits and hits hard raising cost and pinching future profit. it hurts, look at target. they report shows people are still spending and still coming into the stores with foot traffic. costs are getting out of control despite walmart. that stock is tanking down 24%. that is target, big company. inflation won't quit, new high for the price of gasoline $4.57 is the national average. every state in the nation has 4-dollar gas. it is $5 in western states and $6 in california. that is for regular. diesel $5.58 a gallon. by the way $7 diesel frequently in new jersey. all of this is not helping stocks. a slowing economy plus rising inflation, probably means stagflation. the dow this morning will be down 270 at the opening bell and s&p down 45 and nasdaq down 180. that is the opening bell, we don't know how we close. bitcoin is below $30000, 295. interest rate the ten year treasury is right at 3%. that is the market this morning. let's go to politics in t

i am indeed ashley webster in for stuary varney, he'll be back tomorrow. meantime, jeff bezos is blasting the white house over attempts to inject more stimulus into a record inflation economy. he says manchin is the only one saving democrats from themselves well guess what the white house firing back this morning, we're going to tell you how they're trying to spin all of this. there's more drama in elon musk 's takeover of twitter. he says twitter is accusing him of violating a non-disclosure agreement after he tweeted about their review process. we'll get into that. house speaker nancy pelosi says, "creature donald trump" is responsible for making the supreme court dangerous to our freedoms. you can bet we're going to take that on. meanwhile record gas prices showing no sign of slowing down, the national average is now at $ 4.48 a gallon of regular. that's up $0.15 in just a week. a new report says that this is causing consumers to cut their spending by $9 billion a month. now, to the market. take a look at what we're expect ing, the dow down seven weeks

watch varney & company. ♪ ♪ >> stuart: that's not -- that is dallas. dallas, okay. i really got to go straight to the markets, though. futures are pointing lower after the dow saw its worst day since 2020. that was yesterday. there's futures on your screen again. there's a lot of red ink all over again after huge selloff yesterday. michael lee joins us this morning. do you think we are at least close to a bottom, michael? >> stewart, i hope so. it's hard to say, though, we have not reached that point of total capitulation and you don't hear people say and you might hear pessimism. you're getting close. so -- but the problem, the overhanging markets is we don't know how high interest rates are going to go and so once interest rates stabilize i believe market wills turn rather sharply. stuart: here is what i might say if you haven't sold yet, don't sell now, do you agree with that? >> the time to sell is middle or end of december. some people did and some people saw this coming, but just to put this in perspective what's driving equities down is the move

second hour of varney just getting started. what do you think?e card. >> you said this is in your opinion but this is a problem, facts show that it is a smear based on what you presented here. it is open you and based on what we have seen occur. on every single issue, not just on the issue of race and voting but on what is going on regarding the row versus wade dynamic and women's rights and women's bodies and then you have a democrat activist tell a judiciary committee that men can get pregnant. the real issue is here so let's see this absurdity of a situation being developed for us is this is supposed to be a women's issue, it is about women's bodies so why aren't you including men, isn't abortion a man's issue? you can't have that because it doesn't suit their political narrative. americans in general see facts unfolding that show not just the hypocrisy but the lies being spewed, manipulation of important issues to the american people like equality and being able to live lives as we see fit are being manipulated and changed for political reaso

it is tuesday, may 31, 2022 "varney" & company is about to begin. it's a beautiful day ♪ stuart: yes, it is a beautiful day, you're looking at new york city, where believe it or not it's going to go up to 95 degrees today. lauren: i'm not ready for that. stuart: that's hot. that's summer. just in, the latest read on home prices, good morning to you, lauren. break it down. lauren: well, they went up by another record amount, 21.2% year-over-year, that is the largest annual gain we've ever seen, so this is backward looking in the fact that it's in the month of march but we did get new home sales and existing home sales and in those reports that was for april so we saw a record high for new home sale prices, the median at 450,000, so point is yes, the housing market was still stronger at the start of the year, but past march we continued to see prices go up, and if you live in tampa, prices are up 35% in the past year. stuart: that's astonishing. lauren: that's the number one most expensive market in the country in terms of the growth of home price acc

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"varney" & company is about to begin. as we report at the top of the show, 19 children and two adults were killed in the shooting at that elementary school in texas. happened yesterday morning, local time. some children are still in the hospital. the town of uvalde and the nation recoiling from this. lauren, the president addressed the nation. what did he say? lauren: he did. he reacted with sympathy, with compassion. it turned to anger and frustration, because stuart, we've been here before. listen. >> i am sick and tired of it. we have to act, and don't tell me we can't have an impact on this carnage. i spent my career as a senator and a vice president working to pass common sense gun laws. lauren: there's a will in the nation to do something now, because too much political disagreement in an election year , we have to do something. so look, after the parkland shooting in florida in 2018, florida added a three- day waiting period. raise the age from 18 to 21 to purchase certain firearms. the texas shooter in this case w

"varney & company" is up right now, take it away. stuart: good morning day getting good morning, everyone. april was a rotten month for the market, let's bring on day. not a great start to this month, this is not a convincing bounce. look at it the dow job 939 friday, it was down 4.9% for the month and the dow this morning is up all of two points. s&p 500 was down 8.8% in april. this morning got a fraction again. the nasdaq down 4% just on friday alone and 13% for the month of april on the downside again this morning if you want to bounce it doesn't look like were getting one, interest-rate, the federal reserve is going to start hikes this week. here's another negative energy price inflation into record high for the price of diesel this morning $5.32 a gallon. gas keeps going up as well, now you're back to $4.19. the administration has no answer for this other than to blame putin and the oil companies. it is hurting politically new abc washington post poll shows 94% are concerned or upset about inflation. i cannot remember 94% of us

second hour of "varney" just getting started. ♪.s charles hurt who joins us this morning. "the wall street journal" reports that hillary did it. that is their word, did it. charles, now what? where do they get go from here? >> i think it is important to look back as you did in that excellent, excellent statement i think should be replayed every monday morning. this is not a small thing. we should remember it. at the very beginning six years ago when we started hear about this stuff, hearing about the dossier. we knew so much about it was bogus, we knew it was bs the problem very powerful people in congress, democrats, hillary clinton campaign insisted it was true. we had "the new york times" and "the washington post" won pulitzer prizes that have not been taken away from them based on these very lies. and, think about, think about what we were doing when covid was just stalking our shores? a pandemic was stalking our shores and democrats had ground congress to a halt talking about this stuff they knew was a lie. they knew the whole

in it you were talking to stuart varney. you said that's why we encouraged elon musk to buy it.ke on these tech tyrants. what was that relationship and who -- was there any discussion directly between president trump and elon musk about this purchase? >> well, thanks for having me on. nothing like a friday being fake news friday. i remember with the russia hoax, we were waiting for the fake news bomb shell that we would spend three days responding to. this looks like it's nothing different. we have publicly said president trump and myself, our goal with this company is quite clear. and as a matter of fact, i think i said this on your show last week. we want to open the internet back up to give the american people and people around the world their voice back. very clearly. so it's not just that interview that i did with stuart varney, it's probably three dozen interviews that i have done publicly many on fox, fox business and in fact president trump was very clear before elon musk actually bought the company that he liked elon, he's all for it. he hopes he buys it. that was in a

you have to say you're watching "varney & company."ch, my friend. i'm david asman in for neil cavuto today. stocks reversing course. the s&p turned positive. it has been flirting with positive and negative. the dow is still in the red. we're following all of the market swings in next couple hours. broken record gas pricing yet another high. brace yourself. one gas station is preparing for 10-dollar a gallon at the

third hour of varney roles on. the story of the day is inflation.s morning. do you think inflation has peaked? >> i think probably a lot of the violently accelerating inflation is behind us but if we are talking about has it peaked, put it in perspective. we are not going back to 2% inflation anytime soon, maybe ever. best case scenario 3 or 5 years, 3% or 4%. when people have peak inflation, when people say inflation is back to normal, that is not the case at all. if you actually look at the month over month excluding food and energy number we accelerated from 0.3% last month, 0.6% this month, expectations were 0.4%, that is x food and energy so you can't blame that on putin. as i said before, the fed needs to be aggressive. they should raise 100 points. blue when they didn't. they will raise rates in the future, it is a recession inevitable? >> i think so. i don't think the fed will navigate a soft landing. we are expecting made the, i didn't check this morning, another twee 8 hikes this year. absolutely insane, the economy is not strong enough to

have a good day, "varney & company" begins right now. stu, take it away. stuart: good morning, everyone. where do you start when the news is flowing thick and fast? st got to be elon musk, richest guy in the world and the wildest of all headline makers. here we go. his purchase of twitter is on hold. lots of moving parts to this story, but the bottom line is musk does not believe twitter's account numbers. he's saying to twitter, show me the real numbers. there's uproar about. the stock sinks to around $36 a share, and nobody knows if the deal will go through. a lot more on this coming up for you. inflation at another major league headline this morning, gas going to $4.52 on average, up 4 cents just overnight. and diesel, another few if high, $5.57. the administration appears clueless on how to deal with this. their plan is tax and spend. frankly, that reminds me of 1979. to the markets. a stock rally at least at the opening bell. the dow's going to be up close to, what, 400 points, s&p 60 and the nasdaq up 230-odd points. that would be a rally. bitcoin ba

blockbuster edition of varney & co. is about to begin. ♪♪ ♪♪ stuart: let's move on.et right to it, it is primary day. i've got a couple of guests chatting about the weather. it's primary day in georgia, alabama, arkansas and texas, minnesota as well. spell it out, key races to watch. >> i'm going with georgia and texas, start in georgia, the governor's race there is the most attended. the incumbent and mike pence fact brian kemp against david purdue. revenge against camps, president biden in 2020. since trump endorsed purdue in february, governor kemp leave more than 50% by most polls and that's enough to avoid a runoff. the winner today races off against democrat stacey abrams in november, she's running unopposed. the georgia senate race, football legend has trump endorsement, he's running against other republican's and when basis rafael warnock this fall. two runoffs to watch in texas, 28th congressional district, henry cuellar became term, he faces progressive's jessica cisneros, she's 28, immigration attorney and the only pro-life democrat left and he's the only

"varney & company" is up right now, take it away. stuart: good morning, everyone let's start with what's new, the results from the primaries as we head to the elections. here's the headline trumps endorsement works. jd vance won the ohio primary senate of the republican senate primary in ohio. trumps endorsement put them over the top against josh mandel. 20 2.2 229.9. enormous turnout of republican voters. in fact according to politico which leans left, the 22 candidates that trump endorsed in ohio and indiana primaries are all one. elsewhere democrats mounted a furious attack on the conservative justices who in a draft opinion voted to overturn roe v. wade. vice president harris shouts, how dare they presented a warrant gets very emotional, speaker pelosi and senate leader schumer raise millions of dollars within hours of the news. the using the week to turnaround the fortune in november. we will discuss it. energy price inflation, it is not transitory, it is getting worse. diesel up again, truckers and farmers are paying an average

he still rich now bit of about of the region with all that and him after by nice thought not photo varney, he thought he brought back your faculty now. ah, but there were other fact to about which the west prefers to keep silent. the molotov ribbon dropped, pat was only signed after all leading european powers that made deals with hitler. 1933 germany, france. you? okay. and italy sign the full power packed 1934. poland and germany signed a non aggression declaration. 1935. you okay. and germany signed unable agreement 1938, the okay. france and italy agree to the petition of czechoslovakia between germany, poland, and hungary. 1939 black via and estonia, assigned non aggression acts with germany. as vox log us, i'm. i'm an golf from deutsch front door to want brandy's of it's a noonish pushed him to moss la mcduffton heter to some type point. don via does. i'm for far less ish give isn't. oh, the magnum folk gave me, well, i guess he wagner and england's state on dawkins armeno. 5th is one well known american author. dean henderson thinks of past events. poland and hungary invaded czecho

"varney & company" begins right now. stuart: good morning maria good morning, everyone. someone has done real damage to the supreme court. someone leaked a version of an abortion ruling that overrules roe v. wade, leaks like this are unknown in recent history, there are profound consequences. how will justices trust each other. any other colleagues or staff could undermine their judgment with the leak. the fbi will investigate, they have not started yet with the democrats see this leak as a valuable issue for november. they're already fundraising on it. an obama constitutional scholar ted cruz, there is other news primary day in ohio voting has already begun. this is a test of the value of a trump endorsement, he supports jd, the leading challengers jasmine viel endorsed by ted cruz, in a moment politician ted cruz. in newark amazon workers have rejected unionization on staten island. bernie sanders and aoc has spoken demanding more from unionization. it did not work more than 60% said no union. to the markets, i'm going to start with the ongoing energy price inflation.

that is a great demonstration, stu varney.hnology where customers will be able to purchase the quest 2 headset and other gadgets. the meta store at the company's campus in burlingame, california. meta investing heavily in the metaverse, adding new features to the hardware devices that serve as access points to the virtual world. the facebook owner says it will start testing tools for selling digital assets, experiences within the virtual reality platform horizons world. that is vr platform launched late last year. consumers are waiting for the next version of the quest 2 vr headset. analysts say are critical to the metaverse plans. only 5% of teens, according to one survey, stu, actually use vr headsets regularly. we talk about it a lot, it is taking longer than expected to catch on. stuart: i'm not surprised. you can get a little seasick, wearing one of those things so long, any period of time can't be comfortable. ashley, we'll get back to you shortly. >>> next issue, protesters filling the streets outside the homes of conse

here to react is host of varney and company on fox business, stuart varney.appears he doesn't care because we are heading in the right direction. >> president biden does not appear to have a real problem with high gas prices. i think he is being driven by the climate crowd. the climate crowd wants high gas prices so we drive less, emit less, and we are all go to electric cars and help out the environment. president biden is on that team and it shows. the problem is we don't have renewables available now to take the place of fossil fuels. so fossil fuels go straight up in price. this morning gasoline very close to 4.60 a gallon and diesel as 5.55. the next step along the process is a recession. you can't -- inflation is being driven by energy price inflation. that's what we have got. and it's driving us over the cliff towards a recession. now, the president has a political problem with that. but he doesn't appear to have a problem with the green crowd that's pushing him in that direction. >> ainsley: if you are going to take something away from me. give me som

but i said that a varney nearly 2000000 people have been affected and not distant cillit region, and what officials described as one of the worst floods in 2 decades. most of the villages we have been talking to in the flood affected areas have complained that they have not received any kind of relief from government or aid agencies. they are in desperate need for fresh water, food and financial assistance. the government has set up more than $200.00 shelters for flood victims, and i started distributing relief in some of the worst affected areas in philip. but some of the shelters provided by the government are inadequate and overcrowded . those who have been displaced by the floods a much to complain above the russians and the living conditions. we're dying of hunger, our homes all got washed away for the politicians had hardly done anything for us that too busy feeding themselves. and over here, we just getting some mika rations that barely feed us, the floods have washed over thousands of actors or farmlands on hatcheries. many people like alarm at, on, not worried about their fu

maria: dagen and ryan great to see you both have a good day "varney" & company begins right now stu take it away. stuart: good morning, maria and good morning, everyone once again inflation is topic a on the financial markets and in politics as well. later this morning, president biden will present his inflation fighting plan. he wants to spend another $1.2 trillion which he says will bring down costs to families, not prices, costs, like for child care, prescription drugs or energy. the president is offering a long term plan, not a short-term fix for rising prices. this is the face of inflation today, look at it. the price of gas has risen to a new all-time high, never been higher than this , 4.37 is the national average. diesel setting yet another new high, 5.55 a gallon. will truckers and farmers accept biden's inflation plan? good question. to the markets, not much of a re bound after yesterday's huge losses. the dow was down what, 800 points? 600 i think it was, backup maybe 300 this morning, nasdaq backup 279. that is a modest recovery, and not a full recovery from yesterday's losse

and company. -- "varney & company".ther's day tie. >> exactly. [laughter] rachel: was it given to you by your with wife or your kids? just because you like the color? is there a sour behind it in. >> no, there is not. i wish there was -- will: let's take a little time and make sure we get your ing.er's day story, becausescint >> absolutely. will: let's run lu some topics here. america's corporations have been so willing to wade into every political, hot button topic over past several months, nothing when it comes to this. >> the silence you're not hearing from major corporations, that's a sign of the pushback against the woke invasion of our culture. i mean, it's gone through the colleges, the schools, the media, major corporations. but now when faced with leak from the if supreme court, you might have expected some corporations to come out and say, oh, i don't know, we're taking sides on this. silence. that's because companies which came out with social issues like disney and got involved in social issues like disney,

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watch stuart varney and company right after our show. shocking vandalism in france. why a man threw cake at the mona lisa. and remarkable video captures the moment a father and son duo saves a 4-year-old little boy with autism in that pool right there. how the community is honoring heroic neighbors. my asthma felt anything but normal. ♪♪ it was time for a nunormal with nucala. nucala is a once monthly add-on treatment for severe eosinophilic asthma that can mean less oral steroids. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occurred. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache, injection site reactions, back pain, and fatigue. ask your asthma specialist about a nunormal with nucala. >> will: indreadable individual flow shows the moment a man saved a boy from drowning. >> steve: that man is spotted with spotting the 4-year-old

stu varney issued the warning. a jagged line in the wrong direction at the right of the chart. let's watch. >> we're talking serious inflation hitting right now. you know what that does to the economy. interest rates rise and we move closer to recession. no matter what they tell you, when rates rise, at some point stocks fall. federal reserve can't suddenly start printing money to relieve the market. here we have are watching the slide. does anyone see a bottom? that's the question we've been asking. >> harris: wow, the bottom. haven't considered that. the middle is so bad. >> you won't see a bottom unless the administration steps up and tries to do something about the problems we have. >> harris: what do they need to do? what should the president be saying and doing? >> come back to the baby formula example is the supply chain problems we're experiencing. part of that has to do with the labor problems we're experiencing. you had record numbers of people quitting jobs in march. we have 11 1/2 million jobs to fill. our wages are not growing as fast as inflation is growing. they'

here to react is host of varney and company stuart varney. >> later on the morning the president is goingwn. not prices down. costs down. >> ainsley: what's the difference? >> he says he is going to subsidize like prescription drugs child care for example. subsidize that so the costs to some families goes down. that helps out those families. that's how he deals with inflation. it doesn't do anything about the price that we all have to pay every day. go back to gasoline, 4.37 on average now for regular. and diesel 5.55. it's never been higher than that and everyone can see it. every time they fill up or a trucker fills up, you see it, you feel it president biden's plan will do nothing to bring those prices down. it will simply add to spending which i think adds to inflational pressure. >> ainsley: diesel price that these truckers are delivering our supplies. >> sure. truckers use it, farmers use it, heavy equipment uses it diesel is the industrial energy and when it goes up to a level like this. it ripples through the economy. so, inflation actually is about to get worse. which is very bad

neil: i love the show, varney. thank you, my friend. great seeing you again, ashley. we're on top of the same thing you're on top of. a lot of selling going on right now. you know where money is running? this is pretty fascinating in this topsy-turvy week, into bonds. 3.80 neck of the woods, who would have thunk, right with all the inflationary pressures? you will hear a whole lot more about it especially with the wholesale inflation report, year-over-year we're off the worst levels but still at a fairly dramatic clip but these higher rates will put a chill on economic growth. we've seen it certainly in chinese production numbers coming in. growing concerns as well europe will see a slowdown here. that is weighing, higher prices go, feeling seems to be building that will be a slowdown. even opec indicating today with an economic outlook that says this year 2022 growth is going to see a big hit in overall demand for oil. and opec might have perpetrate ad lot of that being a bit too greedy, not helping out the western world, the world in general, not beefing up producti

start with stuart varney fox business stuart varney, stuart it, sounds like half a percentage points. money. unless, of course, you are getting a check from the government. >> steve: right. >> end of an era first time in 22 years interest rates will go up a half point in one go. what it means is mortgage rates are going to go up. you are probably looking at 6% mortgages a little way down the road. adjustable rate mortgages will adjust up. car loan rates will go up. borrowing money will become much more expensive quite rapidly it reminds me, frankly the 1970s when you had high levels of inflation rises interest rates. the federal reserve steps. in raises rates big time and you get an awful recession. that's possible this time around. steve the problem is the federal reserve should have done more before. >> yes. >> steve: we have been saying this on this program they don't want to hurt the economy. they blew it. >> they are a year late. >> steve: right. >> they were saying a year ago this inflation is just transitory it will go away. it didn't go away. it's getting worse. they have got

he was on with stuart varney, saying what the plan was to get back to energy independence.f you have to put it in just two words, those are the two words, energy independence. that's a plan. >> well, our plan actually worked and our plan would be the exact opposite of what democrats are doing right now. remember both obama and biden talked about fundamentally transforming america. we're seeing what that looks like now. open borders, flood of illegal immigrants, deadly drugs, 107,000 overdoses last year, 40-year high inflation, record gasoline prices, rising crime. indoctrination of our children. they're fundamentally destroying our country. this was purposeful. this just didn't happen. high gasoline prices, the first shot across the bow in terms of their war on fossil fuels, cancellation of the keystone xl pipeline but this is what their goal is. that is what president biden basically admitting. they want high energy prices so we transition away from fossil fuels into i guess, you know, their utopia of electric vehicles, powered by windmills and solar farms. david: yeah. >>

but i saw that a varney nearly 2000000 people have been affected and not distant cillit region and what the official to describe as one of the worst floods in 2 decades. most of the villagers we have been talking to in the flood effected areas, have complained that they have not received any kind of relief from government or aid agencies. they are in desperate need for fresh water, food and financial assistance. the government has set up more than $200.00 shelters for flood victims, and i started distributing relief in some of the worst affected areas in philip. but some of the shelters provided by the government are inadequate and overcrowded . those who have been displaced by the floods a much to complain about the russians and the living conditions. we're dying of hunger, our homes all got washed away for the politicians had hardly done anything for us that too busy feeding themselves. and over here, we just getting some mika rations that barely feed us, the floods have washed over thousands of actors or farmlands on hatcheries. many people like alarm at, on, not worried about their

"varney" & company is up next, ashley webster, take it away. ashley: thank you very much.y weekend is mr. "varney" and millions of americans are ready to kickoff the summer travel season today, this despite ris ing gas prices and wicked inflation, who better to put on the road with millions of people than the very entertaining and informative jeff flock who we just saw there on the morning show. meantime, elon musk says the pandemic created lazy workers. he says they're in for a very

i'm ashley webster in today as maria says for stuary varney.g another record high overnight, jumping $0.02 to $4.42 that's the average for a gallon of regular gas. take a look at this.

maria: all right, we gotta go ashley webster is in for stuary varney today on "varney" & company have. i'm ashley webster in today for stuart. let's get right to it, elon musk is committing more of his wealth to finance his $44 billion bid for twitter. this comes hours after the current ceo of twitter told shareholders that well, the company was going forward with the deal. the news of musk's boosted equity to fund that deal sending shares of twitter higher up more than 4%, a

varney & company begins right now. ashley webster in for stu.tter is temporarily paused. he's got to do something with spam accounts. we will explain and have all the details ahead but that tweet sent twitter shares plunging down more than 10, 11, there you go, 11 and a half percent under $4

i am indeed ashley webster in for stuary varney, he'll be back tomorrow.economy. he says manchin is the only one saving democrats from themselves well guess what the white house firing back this morning, we're going to tell you how they're trying to spin all of this. there's more drama in elon musk 's takeover of twitter. he says twitter is accusing him of violating a non-disclosure agreement after he tweeted about their review process. we'll get into that. house speaker nancy pelosi says, "c

stuart varney on fox business since that tweet, twitter has put out a proxy statement to the sec anday we are going to try this $54.20 per share. they have got to do it according to sec rules. that came out this morning. i don't think that's really important to what's going on between musk and twitter. >> will: what is going on? >> musk is saying i'm not paying $54.20 per share because your numbers don't add up. you have got far more bots and fake accounts inside twitter than i'm being told about. he is saying, look, you show me the real numbers. and until you show me the real numbers. the deal is on hold. that's where we are at the moment. now, this has had quite an impact already on the twitter share price. it's now down to $36 per share. the original offer from musk was 54.20. all the way down to 36 right now. a lot of stuff going on in the background as musk tries to find out what is the true nature of twitter and its accounts and what's the ceo of twitter going to say in response to musk? i want the numbers. >> will: i'm asking you to do something impossible which is get in the

that is all for varney/ashley webster today. neil cavuto writes in every friday to get on tv. neil: you usually recognize my letters, they are cut out magazine letters. you tell stuart, no that is cavuto. ashley: thank you, my friend. neil: look forward to that tomorrow. corn of wall and broad, dow jones industrials maybe securing, we still have another day to go, say of another half trading today, we'll have first up week in maybe eight weeks? i will check with charlie brady our senior stocks editor, knows this stuff inside out. he is like "rain man," definitely a record, definitely a record. after eight down weeks in a row i think we're looking, possibly, possibly, maintains today and into tomorrow, the first week we interrupt that, hopefully. we'll see. another thing we're following up on right now the battle back on capitol hill in the fallout of the texas school attack here and what should be done right now, as well as some disturbing video made their way to show that parents were very concerned at the time of the shootings what was being done on the part of local authori

you have to say you're watching "varney & company." do that, if you're not careful you will be on tv. time's up for me. neil, it is yours. david: if it was neil, he would say thank you, david would thank you as well, thank you very much, my friend. i'm david asman in for neil cavuto today. stocks reversing course. the s&p turned positive. it has been flirting with positive and negative. the dow is still in the red. we're following all of the market swings in next couple hours. broken record gas pricing yet another high. brace yourself. one gas station is preparing for 10-dollar a gallon at the pump. plus as the u.s. turns to venezuela dirty, in effective inefficient oil company to relief demand, china is turning to russia's blood oil to replenish its reserve. we're on the energy crisis all day long. stocks seeing a turnaround today. banks, experts are warning not if, but when a recession will hit. joining me now to break it all down for us is susan li and constellation research ceo ray wang. susan, wonderful to see you. confidence is t

. >> i said philadelphia, i say never bet with me on "varney" trivia. i always get it wrong. good to see you. good afternoon. ckie: i'm jackie deangelis in for neil can -- cavuto on "coast to coast". president biden suggesting that military intervention if china advances on taiwan and the white house is cleaning up his comments once again. how the world is reacting just ahead. is it the happiest place on earth becoming the priciest place on earth? some saying walt disney world is simply becoming unaffordable. we'll break down the numbers on the magic kingdom. we have a jam-packed hour. so let's get started. our top story today the white house trying to get a handle on diesel cost hitting every corner of the u.s. economy. fox business's edward lawrence has reaction from the white house. hi, edward. reporter: jackie, not only cost but they're trying to get in front of possible shortages. the president could release oil from rarely used oil reserve, diesel oil, it is called the northeast home heating oil reserve to lower diesel prices and deal with the supply chain issues that c

well it was the year 1932, we're not talking about the year, stuary varney was born, oh, that's not kind. that's the last time the dow had an eight-week losing streak and we are going to do that, it looks like it again, at the end of the day unless there's an amazing turnaround as for the s&p one more big sell-off, and it could be entering a bear market. we're also hitting more records but not the good kind. gas prices reaching new highs again today, but the administration won't say that the price at the pump is too high. wow. and now, we are hearing that china maybe dipping into where oil reserves, the one you bought and paid for , we have a big lineup today to break it all down including a live interview with st. louis federal reserve president james bullard on how this week will impact the fed and the economy. all that's coming up, but first, the recession trade is on, folks we start on these markets with our all-star panel today jackie jackie deangelis and kaltbaum capital management and fox news contributor gary kaltbaum. jackie is getting late breaking news. jackie let me start wit

to be with you dagen, have a good day, joe concha, dagen mcdowell, we'll see you again tomorrow, "varneyning, everyone. in the primaries a mixed picture for the candidates donald trump endorsed. many of the republicans he backed did win, including ken pa xton in texas and hershel walker in georgia. mr. trump's preferred candidates lost, georgia governor kemp beat david david perdue and now the media is taking those defeats as proof that trump has lost his mojo,

varney and company begins right now. suh, take it away. stuart: all right. good morning, everyone.00 at the opening bell. is this the bottom for the market? the s&p 500 down about 40 points this morning at the opening bell, but look at the disaster at the nasdaq which is down pretty close to 30% from its high. that is wha

"varney & company" is up right now, take it away.arket, let's bring on day. not a great start to this month, this is not a convincing bounce. look at it the dow job 939 friday, it was down 4.9% for the month and the dow this morning is up all of two points. s&p 500 was down 8.8% in april. this morning got a fraction again. the nasdaq down 4% just on friday alone and 13% for the month of

have a good day we'll see you again tomorrow "varney" & company begins right now.rising interest rate, you are waking up to an ugly mess on wall street here we go. i'll start with this another record high for diesel. the average is now 5.54 i paid 6.40 in new jersey and $7 diesel is reported in some parts of the northeast. gas matching the old record high $4.33 is your national average for regular. this is the inflation you see every sin

"varney & company" is up right now, take it away.s the headline trumps endorsement works. jd vance won the ohio primary senate of the republican senate primary in ohio. trumps endorsement put them over the top against josh mandel. 20 2.2 229.9. enormous turnout of republican voters. in fact according to politico which leans left, the 22 candidates that trump endorsed in ohio and indiana primaries

patrice lee onwuka, mercedes schlapp great to be with you, have a good day, we'll see see you tomorrow "varneys station, at the grocery store, at the restaurant , price hikes were staring you in the face, but the president, hold on, he's got a plan, and the wall street journal he outlines three points to tackle inflation. number one, he won't interfere with the fed, number two, he meets with jay powell at the white house, he'll make things more affordable for families and third, he'll t