"varney & co." about ashley: stuart varney will be ringing the bell 30 minutes from now at the nasdaq to celebrate the 15th anniversary of fox business and being celebrated in time square. get to the big banks and we mentioned they reported earlier this morning. come in susan lee. how are they doing? susan: judging by the market reaction, better than expected for some names and start with the biggest, jp morgan and jamie dimon beating on profit and made more money off the loans and thanks to rates and higher offsets and the economy turns and for jamie dimon for a place with recession in the next 12 months and morgan stanley missing on earnings and the investment bank navigates a difficult and uncertain environment they say. you have to remember that morgan stanley could stand to lose hundreds of millions of dollars on the financing loans that they're underwriting and that elon musk twitter takeover. things are not going the right direction and wells forgo making more money thanks to rates going up a

joining us now, host of "varney & co." on fox business, stuart varney. didn't realize the shockingly low number of florideans that have federal flood insurance and therefore they may not even qualify. >> that's what makes the disaster even worse. on the southwest coastline of florida, way under half of the properties have flood insurance. way under half and they've been decimated. go in land towards orlando and it's below 2% that have flood insurance. these people are now facing financial disaster and you point out those nine counties declared disaster areas, that pays for minor damage and minor cleanup and does not pay for flood insurance. now, just go forward a little bit -- pete: yeah, that was the question. how does it play out? >> over a long period of time, there's going to be money districted but it will take a very long time to get florida booming again. in fact, it'll take years. you've got all these people who have facing financial ruin. i don't think that's too strong a word. if you're flooded and have no flood insurance, what do you do? you'v

"varney & co." is about to begin. ♪ par hrer stu: lauren said she likes this song but doesn't know what it is. hello black. who is that? lauren: they take too long to put it on the side of the screen. stu: help me out, producers. put the name on the side of the screen. rather grim day in new york, pretty gray. two hours away from varney and me town hall. right now to get us started, the markets. futures pushing higher after a wild week. big names like netflix and tesla report their earnings later on this week. jason katz with us this monday morning. what is the signal that you're looking for that shows us we've hit some kind of market bottom? >> i think there's two catalysts, stu, number one we need the midterm elections to come and go. at a minimum, the markets want to see divided government in terms of the republicans taking the house. now, if the republicans sweep, the focus will shift the policies that really could fight inflation. less hon reigns leadings regulatory environment and independence

third hour of" varney if" startt now. ♪ ♪ stuart: okay, we just did a quick market check.ll up almost 600 points on the dow jones industrials. jonathan hoenig with me now. almost everyone with a 401(k) has lost money since biden took office. do you see things getting any better if the republicans take back the house and the senate? >> well, ideas move the world, stuart. there's no assurance of a bull market, but whether it's north korea, south korea, east germany versus west west germany or havana versus miami, the most prosperous economies and countries are always the most free countries. that's a one to one correlation. you want to talk about are you better off, investors are asking themselves that. and unlike a lot of the democrats who believe that investors are only in, you know, wall street with their caviar and grey poupon, we're all investors, stuart, and we've gotten shellacked this year not just in terms of even stocks, they're down, but the inflation as well. and that is sorely government's responsibility here. if investors and people really cared about the econo

here to react is the host of "varney & company" and "american built" on fox business, stuart varney.ir. what do we think of those numbers? >> ok, had this number of new jobs been 300,000 or more, it would have been a very strong report. and i would expect to see the fed raise rates aggressively and the stock market come down. but what you've got is kind of a middle of the road report. 263,000 new jobs created. that's about in line with what was expected. not too strong. not too weak. the result is on wall street, futures are actually up a little. maybe they think that the federal reserve with the report like this won't be raising rates quite so aggressively. i don't think so. i think they're going to keep doing what they're doing right now. and this report makes no difference. >> ainsley: how does it compare to september? >> september, we had an unemployment rate of 3.5%, what you're saying is compared to august. the unemployment rate went down compared to august. >> ainsley: you're right. this is for september. >> this is for september. more importantly, the participation rate, the

joining us host of "varney & company" an american built on fox business, and my buddy stuart varney.that here? while we have bad inflation they have really, really inflation. >> europe has lousy green policy plus a warne with a rampant inflation. rachel: same thing here. >> the winter of discontent is coming here today. we have lousy financial policy, beginnings of inflation at 8% and we have a slowing economy. if we don't turn things around, if policy doesn't change, things get worse. now in november we've got these elections. there is a possibility here, that if the republicans sweep, take the house and the senate, that would mean we don't have to have all the tax increases on business which biden proposes. those could be stymied if the republicans take control of congress. certainly slowed down. if that were to happen you have a ray of hope. if the democrats keep control, then you got more spending, higher interest rates, more inflation, and i know will is going to get to me on this one, you will have a nasty recession in the middle of january next year or first quarter of next ye

catch stuart varney on varney and company 9:00. watch american built on mondays 9:00 p.m.nd it over to carley for headlines. >> carley: more word on inflation. having a major impact on first time home buyers. americans believe they can only afford to buy a startedder home in four u.s. cities. the survey from point 2 real estate shows earnings median income in detroit, tulsa, oklahoma city and memphis only people that can actually afford to buy their first home that is a tragedy. the u.s. army is renaming fort hood after first hispanic four star general. general richard served in both korea and vietnam. receiving a purple heart and two distinguished service crosses. repeatedly returned to the battlefield to it injured troops despite suffering his own injuries. fort hood originally named after a confederate general is one of nine u.s. military bases that will be renamed oh boy, here we go again. climate protesters strike again this time throwing mashed potatoes at a clawed monet german museum. glued themselves to the wall with the painting all in the name of protesting fossi

a regular tank of 275 gallons, stuart varney $1100.ixed income cannot afford that. >> hold on a second, as i understand 25 days on supply of home heating oil diesel in the northeast. so that means short supply, heavy demand equals price increases. i think that is what you will see this winter. people on fixed incomes will be really hurt by this. >> steve: we talked was a player a couple of days ago, they are rationing the fuel. so people will have to choose between heating and eating, which that defies -- >> it gets worse if there is a cold snap in november /november, january, december, february. >> steve: i'm asking you to forecast the future. in 2 minutes and ten seconds the gdp numbers will come out and it sounds like it will be the number on its face will be rosier than what happens when you dig down and the numbers? >> first quarter, second quarter -- the third quarter, it should show a small amount of growth. as you say, it is deceptive because a lot of the growth comes from exploding exports. that masks underlying problems withi

rorocco and i watch "varney & c" every day.f we're out working on the tractor, we listen to you online. keep smiling at the diesel pump. ♪ it's a new day, and i'm feeling good ♪ stu: that was a very good welcome friday from steve there. lauren: you're welcome. stu: don't forget the john deere track templet about the same size of the one i got. what's the song? feeling good? yes, indeed, we are feeling good this friday morning. however, big tech not doing well. amazon and apple capped off big tech's week of reporting. good morning, lauren. start with amazon. lauren: we start with the bad news. in all about $950 billion has been wiped off the five biggest tech companies this week. there's your out. it's do or die based on outlooks and investors don't like the outlook from amazon and they said in their holiday quarter sales will come in between 140 and $148 billion. okay, wall street wants $155 billion so that's a big mess in the outlook. stu: they're tacking them down 15%? lauren: then look at aws, cloud grew at slowest pace yet,

if you like the music ons show, follow us on spotify, search "varney & co."scan the qr code on the screen. futures, got to take a look because we're going upright from the opening bell. 255 up on the nasdaq. 2.25%. dow up about 540. continuing at the opening bell at least yesterday's rally. three weeks to the midterms. all right, susan, come back in again, please. what's the media predicting? susan: left wing media msnbc morning host says he expects republicans to do pretty well. >> house, if you look at history, if you look at latest inflation report, at this point, i'd be very surprised if republicans didn't have a good night in the house. there would have to be a historic occurrence, a lot of democrats still hoping that the overturning of roe would cause, let's say some hidden trend lines we're not seeing in the polls. susan: the fox power rankings show the republicans are poised to take the majority back in the house and 17 seats more likely grabbing 15 and taking power in the lower house. dinner table issues of course dominating the voting booth. you kno

"varney & co.". stu: good morning, everyone. it's the week that could make or break the market. i picked up on two: coca-cola issue add strong outlook and that stock is up 2.5%. however, on the downside, 3m issued a weak outlook and the stock is down, let me see, 2.6%. two giants report this afternoon, microsoft and google, remember, it's often the analyst called following the actual release of the numbers pointing in the stocks and both report this afternoon and walking up to the event slightly higher. overall at more selling this morning after a strong day tuesday. dow is up 400 and down 200 and small loss for the s&p and small gain for the nasdaq. the nasdaq doing well and backing away from recent highs, the 10 yeatreasury yielding 415 and that's come down a bit and two year treasury now yields four points, read it, please, 4.46%. again down considerably. all right, let's get to politics. getting exciting, two weeks to the vote. fascinating debate in florida between governor desantis and challeng

keep it right here "varney" & company picks it up. stu, take it away. stuart: good morning, maria, good morning, everyone. it's all about inflation that moves the fed and moves the markets and yes we all feel it. today it's prices at the producer level that is prices paid by businesses up 8.5% over the past year. that is up from the previous month's reading. month-over-month, producer prices went up .4%. the previous reading it actually showed a decline. this is really important because it shows the pace of inflation. at the producer level it appears to be speeding up. my reading of all of this report is inflation is still running hot. i'm quite surprised at the market reaction, however. it's kind of mixed. the dow up about what, 30 points , nasdaq up maybe 40. that's not a very strong reaction to what i think of as negative inflation numbers, but now look at interest rates on the rise. the 10 year treasury getting awfully close to 4%, 3.95 at the moment, and the two year coming in at 4.31, so, interest rates up there. let me show you real energy price

i know it won't be stu varney because he doesn't play the varney. stuart: i don't.taxing poor people. i don't indulge, ash. there is a critical shortage of diesel across the east coast. madison alworth will tell us how the shortage could affect the supply children. it has been 44 years since the original "halloween" movie was released. the iconic thriller is still popular. take a look. ♪. >> oh, look. >> look where. >> behind the bush. >> i don't see anything. oh. >> you know it is halloween. i guess everyone is entitled to one good scare, huh? stuart: the 1979 "halloween" beta tape, not vhs, is just one horror themed item up for auction. we'll tell you how much it is actually worth. that is next. ♪ i'd like to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. we were blown away. (chuckles) legacy is really, really big at howard university so it's really a special moment to know that i had a family member who over a hun

you could also submit questions to "varney"@fox.com. check futures one more time.south after the news that opec will cut oil production 2 million-barrels a day dow is off 350, nasdaq is off 150. the opening bell is next, and you'll see it. ♪ ♪ (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. another busy day? of course - you're a cio in 2022. but you're ready. because you've

>> might know a guy, you might be sitting next to stuart varney.ave a ton of money, you need advice, real professionals. >> don't care about the wagon or the escalade or forward f one hundred 50, those are the issues you need to deal with. do you need two vacation homes? probably not. stuart: straighten them out. the wednesday trivia question, what is the least populated state? the state with the lowest population? is it rhode island? north dakota? wyoming? the answer after this. . . stuart: okay. what is the least populated state in the nation? rhode island, alaska, north dakota, wyoming. ashley, you're first. >> i go wyoming. >> i go north dakota. stuart: i go wyoming. reveal, please. baby 581,000 people live in the state. california the most populated although they are now losing population. they have 39 million there. thanks, ash, thanks, mark, all good stuff. quick check of the market reveals a selloff continues. time's up for me, neil, sir, it is yours. neil: thank you very much, stuart. we're focused on florida today. obviously the president

here to react, the host of varney and company, and american built on fox business network, stuart varney came, in you said this is impacting everybody. you hear it at the grocery store as do we. >> yes. i mean, that poll gets it just right. the economy is getting worse. and we are all forced to cut back in some way. in a grocery store the other day, i'm checking out. the lady next to me. look at the price of bread, 7.99 a loaf. chucks it back i'm not doing that she was upset. purely antidotal. >> rachel: people feel it. know it's happening. yet the president comes out and saying the economy is as strong as hell. >> let me go through that the jobs market is definitely softening. big corporations are changing their hiring plans. housing, unaffordable to first-time buyers these days. and reasons are still sky high. home heating oil. natural gas going up as the weather gets colder. >> brian: significantly. >> energy prices are going up. we all feel it. we all have to cut back. here are the results of this worsening economy. our savings down 83% from last year. do you realize what that means?

and, yes, the demand is there, stuart varney.to swing by the varney estate, the grounds, and i'm happy to report that the moat and the alligators, they're doing just fine. [laughter] the giant iron front gate, buckingham palace style, is firmly locked. it hook like everything's safe and secure at the varney household in naples. stu, back to you. stuart: thank you for a fine report, what's your name again? ashley. [laughter] i'm not sure how i can follow that up, but will you go. seriously, great stuff. that is a very attractive area. thanks, ash. look who's here now, congressman byron donalds. you're in that area. that's your constituency, the fort myers area, you represent. are people still moving could be to florida after the hurricane and despite all this damage? >> there are people who are coming down. if they're trying to figure out if they're still, their plans are are still going to work, but they're going to continue to make that trip. we are seeing people who want to buy property whether it's distressed or still want to

"varney & co." is up next. stu, take it away. stu: i doubt i'm all over the number coming out at 9:45 but i may be reported. good morning, maria, and good morning, everyone. everybody monday i say, have we got a big show for you. well, today elon musk barges into twitter, biden furious at oil companies, obama rallies democrats as biden takes time off, a minor pull back of stocks after friday's big rally but i'm going to start with this, work earns streaming out of big fox con iphone plant in china. thousands of new cases reported at that plant, fox con denies the number and boosting pay and healthcare to get workers to stay on the job. the shanghai disney resort just closed indefinitely. china's zero covid affecting us. concerns of the future iphone production and the stock is down $2 at the moment. twitter saga, musk is considering big layoffs and considering monthly fees for bone fioed users and -- bona fide users and general motor halting ads on twitter and plenty of ho hollywood celebrits are leaving. the federal reserve wide

"varney & company" is up next. stu, take it away. stuart: it's up right now. good morning, everyone. we've got an energy problem, and the president is not looking good. "the wall street journal" reports the administration is negotiating to buy oil from venezuela dictator nicolas maduro. biden had begged the saudis to pump more oil, they turned him down and cut production. russia wins, europe loses, and american consumers pay more for gas. we are still not allowed to go get the energy that's under our own feet. look at this, gas prices going up again. 3 cents higher this morning at an average price now of $3.if 86 a gallon. at this rate, we'll be at $4 by the 'em of the month if not sooner. it is, by the way, $5 a gallon on the west coast, and it's $6.42 in california. elsewhere, annal amicable meeting of political rivals in florida. the president went to see the hurricane damage, the governor, desantis, showed him around. a hot mic caught the prime minister if don't f with a -- president saying don't f with a bind. i'll leave it there. we've got some red ink b

third hour of varney starts right now. martha mccallum joins us now.is a difficult subject are federman and president biden up to the job? >> the question is raised and handled effectively in the interview and i give her a lot of credit because she laid out, when we spoke before the interview before we turned on the readout on his computer he had a harder time communicating. she's transparently reporting as any reporter should do, that before we turn on the device for him he had a hard time responding to questions. this is the kind of information voters need and as john federman has said they can decide for themselves clearly cognitive ability is important, what is going to happen if he goes to the senate? will he understand everything being said and be able to communicate his own thoughts about what is being said? it would be better if he had released the report from his doctors about where he stands in this process, no one is unsympathetic to what he has gone through but can you do the job? with regard to biden i agree with what jason chaffetz said,

second hour of varney just getting started. here is david of fellow. the economy is top issue.ublicans have a 17 seat advantage in the house, pretty good. what is your prediction. >> very good night for republicans and as you point out we see the continuing shift of independent voters to voting for republican candidates and look at the last 40 years. it is where independents go in midterm elections that decide the party in power, what their final number ends up being and in every election, majority control, independents of gone double digit to the minority party which puts them in the majority which we are seeing now in survey after survey. stuart: the msnbc host joe scarborough said he would be surprised if republicans do not sweep the midterm is. >> the house if you look at history, if you look at the latest inflation report at this point, i would be very surprised if republicans didn't have a good night in the house. it would have to be a historic occurrence. a lot of democrats still hoping the overturning of roe would cause hidden trendlines we are not seeing in the polls.

"varney & co." is about to begin. ♪ ♪ s stu: all right, good day, dan and shea.s a friday morning and not much going on. people work from home on friday. going to start with elon musk and what i call the chaos at twitter. susan, i understand chaos is a strong word but i think it's justified. susan: when laying off 75% of workers in months, that's a big deal. down to 200 from the current 7500 and that's what e len wants to do and they spend $7 billion on personnel and if elon owns twitter, he wants to narrow down on expenses by october 28 and that's the deadline by the delaware judge or go to trial. elon's layoffs part of the investor pitch in april looking for outside investors to join the $44 44 billion bid and according to analysts, he needs around $2-$10 billion to sell in testa stock by next friday's deadline. he hasn't done that and the clock is ticking. stu: what do you make of this, david? quick comment. >> do you know that twitter has $600,000 per revenue per employee and apple $200 million per employee. that was in the text released that elon musk had be

thursday, october 13, 2022, "varney & co." is about to begin. ♪ ♪ stu: ready to go, reupblica.lation hotter than expected. frankly much hotter than expected. it's accelerating. lauren: this is the last inflation report been the midterms. okay. another scene setter for you. this is before the opec+ 2 million-barrel a day cut of their output. so brace yourself. it's going to get worse. in september, gasoline prices actually fell 4.9% from august. still overall inflation at the headline in the core level, hot since 1982 and one-third of cpi and air fair went up, electricity went up, new car prices went up. now the conversation for the federal reserve is there, not do we go 75 in november but do we go another 75 in december? when can you tap the brakes when you're looking at a report this ugly? stu: we better settle this, what the fed's going to do. who better to settle it. we've got two guys with us this morning, adam johnson watching the market and economist professor brian bremburg. adam, what do you think the market will do? >> i'm in the hot seat being the optimist and the bul

"varney & co." starting now. stu, take it away. stu: yes, good morning, maria and every. this program is all about politics and money. we have the next three hours, there's a lot to go at and i hope we can get it all in. let's start with what everybody is talking about: the fetterman/oz debate. it was hard to watch. we'll show you fetterman's difficult performance and questions this morning if he's capable of assuming high office and why the debate was held so late. 635,000 people have already mailed in their ballots, they've already voted. in new york's gubernatorial debate, republican lee zeldin hammered cathy hochul on crime. in michigan, tudor dickson hammered gretchen whitmer on education. big picture: the democrats thought trump hatred, january the 6 and abortion would win the day. now they know inflation, crime and the economy are the winning issues and as you'll see, democrats are being forced to spend their cash defending once secure votes in deep blue states like rhode island, new york, ca

"varney" & company picks it up stu take it away. stuart: i guess it looks like su nak for prime minister i'm just guessing here, but who knows. good morning, maria, and good morning, everyone. we always like to start with the markets because you want to know what's happening to your money as we begin the new week. well, here you go. the dow continues to rally. nicely so. dow up about 250, s&p about 30, nasdaq about 40 on the upside. interest rates on the downside this morning, the 10 year treasury yielding 4.18%, and the two year coming in right now around 4.50 just straight back to 4.5%. take a look at this. a huge sell-off in china's technology companies this morning. xi-jinping has solidified his hold on power, he's expected to keep going after super-wealthy industrialists, like the founder of allie alibaba, and it's down 15% and similar declines all across-the-board. that's a big deal. tesla is down. elon musk cutting the price in the model 3 and the model y in china. trouble with demand for tesla cars there, as china keeps repo

lauren: from the if common sense department of the varney and co. team. california -- governor of california ripped into valero for record or profits. v.a. valero made $2.8 billion between july and september, that is a 500% profit increase. meanwhile, californians are paying the highest gas prices in the country, $5.64 per gallon as of right now. come on in, leoer the april -- lee owe terrell. you're in los angeles. do you think the governor should be taxing the awful profits of big oil companies? >> first of all, the governor who will never be become president, stuart. thanks for having me. heath now playing politics with oil. he's going to have a special session of the legislature to talk about a windfall tax profit. it'll never happen. it's his goal to try to distract from the fact that california has the highest gas prices, california declared war on the oil refineries, they do not want oil in this state. and, therefore, we have a problem because, essentially, he's trying to divert from his lack of energy supply in california regardless of oil. it's a

here to react stuart varney host of varney and company and american built on fox business.itter when they hear this news. >> stuart: terrified. >> ainsley: do you think it will work? >> stuart: start with, this a report this morning from another outlet general council at twitter put out email no we are not considering lay off. >> ainsley: isn't that what general counsel has to do calm nerves. >> stuart: i'm not surprised that idea of slashing the workforce. he is overpaying or what he might be forced to buy at that time. he has to make cuts to control operations and cutting staff is one way of doing it. >> ainsley: um-huh. >> stuart: this guy is not popular. is he the richest guy in the world he and he keeps making headlines and disrupting all kinds of things. he is not popular. and he is accused of neglecting tesla which is his main source of corporate income. he is paying too much attention to twitter and all the other stuff that he is getting into. >> ainsley: what will happen to the company if he whittles it counsel to 2,000 employees? >> he has got to turn it around. i

search "varney & company" or scan that qr code right there.o days of strong rally, now we've got the morning looking down 150 for the dow industrials. democrat congresswoman alicia slot kin calls for new blood in the democrat party. what does speaker pelosi, 80 years old, i believe, say to that? >> on another network, listen. >> yes, we need generational change. of course we do. but in some cases, there's no substitute for experience, and i think that what we have been through9 with the legislation under the leadership of president biden whos has done a spectacular job, he's had a better two years than most presidents that you can name certainly in the recent generations. stuart: spectacular job. >> all this after slotkin called for new leadership in her party and across government. pelosi claiming joe joe biden had a better first two years than most presidents. i call into question, bill clinton, a member of her party who i think did a much better job each though you may not love bill clinton. but all this comes back to her notion of just win

to shortly on fox business stuart varney. good to raise rates again that's coming in december? >> let's get it straight. there's an interest rate hike this wednesday. day after tomorrow. and it's going to be a big one. 75 bases point as they say in the industry. if they don't do a big rate hike. jay powell losing some credibility. probably almost certainly you are going to get a big hike wednesday. now, that's gonna have a mortgage rates they have already doubled in the past six months they are going to go up some more. paying 7% now on a 30 year fixed that's probably going to 7.5%. maybe 8%. it's going to cost you more to borrow for a car. more to borrow on your credit cards. you as a saver may get a little bit more bank cd a little bit more but not much. won't make up for t inflation eating away at your cost of living. >> brian: you bet the economy is going to continue which has been -- those interest rates man, your expenses have changed. >> if you are facing an adjustable adjustment now, you are going to go up significant

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go to eventbright.com and search varney.ur questions if you want to, varney@andyou@fox.com. president biden and the president of ukraine, zelenskyy, speaking on the phone. we will keep you updated on anything that comes from that call. teacher shortage so severe that some are recruiting them from halfway around the world, first responders in fort myers going door-to-door searching for survivors or anyone who needs help. barrier islands are completely cut off. madison allworth has the story from a fema distribution center. madison is next. go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. (lighthearted music) - "best thing i've ever done." that's what freddie told me. - a p

he's married to the greens wants a divorce, and the second hour of varney is getting started. liz peak with us -- is opec going to hurt the democrats, i bet you're going to say yes. >> fuel oil goes up, cleaner heating season, more important than gasoline. and the fed will continue raising rates, throw the economy into recession like a chain reaction. what is so stupid is what you said, biden could turn this around, could have turned this around, this is on his plate. we are producing 12 million barrels a day of oil up from a year ago. and we should be back to 14 or 15 million barrels a day, and opec will not have this control over our economy. it is an outrage. we talked the stretch to revenue opals. it is 5% are evs, it is not anytime soon the we move away from gasoline. stuart: never understood why president biden from day one was so involved with the greens, he followed them down the track, why did he do that. look at the results. he will get hurt politically for this. >> he has been hurt politically. there's a lot of big money donors in the democratic party fixated on cli

second hour of varney just getting started.resident biden falsely claimed gas prices were over $5 a gallon when he took office. watch this. >> most common price of gas in america is $3.39. down from $5 when i took office. stuart: it was actually $2.39 when he took office and tammy bruce joins me now. i believe the presidency is winding down. am i going too far? >> i don't think so. with the way the trends are for the midterms if they have a chance of holding the white house they need somebody who is a candidate who can win and that someone will need to be built. it is somebody who will need to be getting a profile and is going to know what to do and what their job will be and that's not kamala harris. they have to start fresh and have to think out of the box because at this point they have been denying what is going on when it comes to the country and they don't have high regard for the american people, they think we are a bunch of rubes sicking our thumbs and they can roll over us like a monster truck, they have been mistaken

save the democrats but a power switch and policy reversal could save the country, second hour of varney just getting started. ♪ lose peak is with me for republicans if they retake control of the house in november, stop the madness and rain and spending. welcome to the show. liz: thanks for having me always. stuart: he is sending limit the spending but to do that he may shut down the government. liz: time for republicans to get tough on this. it is interesting mccarthy has come out on this, senator mark warner, a democrat, was talking about spending too much money on bloomberg, rival network, i know but the truth is voters connecting the dots between too much spending and inflation, the number when she was inflation. what republicans can do when they take control of the house which they certainly will and probably the senate, they can block bills, block spending bills of the kind we've seen flowing under president biden, spending $7 trillion in the last 2 and a half years and start talking about solutions like reforming medicare, social security, hot button issues. i know that is dangero

we can give varney the day off.aria: ed, you've always talked about wanting to own dividend payers so how do you allocate your capital right now? what are you recommending in terms of positioning one's self-protectively in case you do have a curve ball thrown at you next year with the severe recession? >> first and foremost, if you want to panic, it's too late to panic and market is already down about 20, 25% depending on the day. it's been very, very volatile and stick with it, stick with a dividend growers and i mean obviously if i'm wrong and we have a hard landing recession, we're going to have a lower market and there's going to be cut backs in dividends. but among the big dividend payers are the banks and the banks have been passing the stress test and they've been increasing their dividends and the energy companies, many of them are doing extremely well and they're paying dividends so i think financials, energy, and just depressed technology companies are the way to go. maria: okay, we'll leave it there. ed,

"varney & co." begins right here. stu, breaking news. stu: i'm trying. good morning, everybody. wednesday we started with a winner: netflix. thursday, we're starting with a loser: tesla. in appreciation elon musk reported pretty good profit, not so good revenue. they built 365,000 vehicles and delivered most of them. why is the stock down 5, 6%. 6.3%. i'm going to leave that to susan and star allis dan ives. they're on the show with me momentarily and i'm more interested in a stock bye back and we'll get to that . to the markets, interest rates are steadily rising and 10 year pressurtreasury well above 4% ao year well above 4.5% and now at 460, how about that. inflation, energy price inflation i should say, it rolls on. oil, getting closer, a little bit closer to $90 a barrel despite the president releasing 15 million barrels from the strategic reserve right before the election. he says that has nothing to do with politics. diesel going up again one cent higher overnight to $5.33 and up 40-cents a gallon in the last month. stock market, kind of mixed this morning. the dow up may

third hour of varney starts right now. ♪ stuart: all right. look who is here. good friend steve hylton from california. will the left's hatred for trump work in their favor do you think? >> no quite simply because of their cuts you made which is in the end people vote according to the impact on their lives, the policies being implemented by the people in charge. one thing after another got worse under biden. we saw some data on mortgage rates, something we don't talk about as often as we talk about inflation generally of course they are connected because it is the high interest rates that had to be implement did to fight the inflation but now mortgages up nearly 7%, 20 year high, the average monthly repayment in the last year has gone up by $900 a month. that is a huge amount for a working family. one small example of the disaster these policies in the space of not even two years. stuart: the president was in california yesterday. did he get a good reception? >> he got a good reception from his democrat cronies going out for tacos with karen bass who is running

"varney & co." is about to begin. >> >>> stu: didn't she win american idol? lauren: yeah, the first winner. i have a google in front of me. stu: settle down, everybody. we have serious tough. we're 12 days from the midterms and after tuesday night's debate in pennsylvania between oz and fetterman, the real politics average has him up by one percentage point. lawrence jones at a diner in the state. lawrence, you've been talking to the people there and what is their take on fetterman and tracking? >> reporter: good morning. they're upset about the economy and it's the crime, it is the border because of the fentanyl that's coming across the border and how that impacts their young people and just every day residents here and a lot of talk about that debate performance because a lot of voters feel like they were robbed with a true opportunity to have two candidates with contrasting views to have a strong debate. they feel like the democratic party as well as leadership hid the condition of fetterman. as you remember, stu, a lot of people had these questions during

. >> brian: watched a little bit on the town hall with stuart varney yesterday in between breaks. >> you know that stuart -- we had him on the show. we did the town hall and he forgot my name. >> steve: what did he call you? >> rachel: he went uh-uh. and sean goes rachel campos-duffy. >> steve: now with the rebuttal. >> stuart: the rebuttal. i did not forget your name. but i think you are being very cruel to seniors who often cannot remember what they were thinking about 10 seconds ago t. that was me yesterday i deepy apologize. >> rachel: is it joe biden? >> brian: fantastic. a hesitation not a forgetful. >> stuart: take it all back. you are a great guy. >> steve: i don't see it as a hesitation. i think you paused to build it up. >> stuart: i did, indeed. your husband jumped in. >> rachel: i was nervous when i had to host laura ingraham show and introduced myself as rachel duffy. all these people tweeted i was getting divorced. i said rachel campos and dropped the duffy. and they said i was getting divorced. >> stuart: marital spat about crypto but that's another -- >> brian: stuart

stuart varney decided to walk out right now ♪ hey now. ♪ >> tech: at safelite, we take care of vehicles last customer discovered a crack in his car's windshield, he scheduled at safelite.com. safelite makes it easy. we're the experts at replacing your glass... ...and recalibrating your advanced safety system. >> customer: and they recycled my old glass. now that's a company i can trust. >> tech: don't wait. schedule today. ♪ pop rock music ♪ >> singers: ♪ safelite repair, safelite replace. ♪ >> ainsley: more pain at the pump this morning. hate to tell you that gas prices on the west coast are spiking. in california, the average just hit $6.41 a gallon. >> steve: but, ainsley, in l.a. county, residents are seeing a record-breaking $6.49. and in neighboring states, including nevada, oregon and washington all averaging over 5 bucks for regular h how are celebrities going to afford it since streaming is going on right now. why hoyer on the west coast. >> a variety of reasons. first of all, the spike in gas prices is by far and away the worst in california. as you just pointed out, it's 6.41

third hour of "varney" starts right now. ♪ ♪ stuart: jason chaffetz, the gentleman on the right-handour with screen, joins me now. biden's gone back to the basement. it worked in 2020. do you think it works this time? >> i think it's their only option at this point, stuart. i don't know that it's so much that his handlers are trying to hide him as much as it is no democrat running for office wants to be seen with the guy. i mean, and kamala harris is going to be absolutely absent as well. she's nowhere. i don't think they can draw a crowd to save their lives. he's gaffe-prone, and he doesn't even pronounce the names of the candidates right, forgets who he's campaigning for. and in the case of john fetterman, i mean, how can the president of the united states, a guy running for the senate have just a closed-door reception when you're literally, you have early voting that's beginning? and so that, that tells you his failing policies, he's gaffe-prone, he personifies weakness. there's a reason why, yeah, stick him in the basement. that's the best place for him. [laughter] stuart: jason,

in front of a live audience, varney and you, fox.com, next monday. you can set your dvr to see it later. it is yours. neil: you speak, still don't understand. all right. i will set my dvr as we speak. we have a run up at the corner of wall and broad, the surge in the dow today occurring at a time we are getting signs of a surgeon the economy, that's no big deal, you have that but it is not the case. bad news is good news on wall street. when you are texico say we are doing better than thought, the consumer might be hard-pressed to buy things but not when it comes to chinos or burritos or gatorade and then you have a much stronger than expected inflation reports, so you could say all of that after we quadruple short-term interest rates. it is not affecting people. they are still buying as prices are rising, holding those levels, picks up -- pepsi co. is adding more product, more than most folks thought. this is one of those rare occasions, don't want to necessarily, it is unusual with good economic news being treated as good news. i find that a little

third hour of "varney" starts right now. ♪ ♪ stuart: for years we've seen, yeah, it is years, gaffe afterrom the president. watch this. >> my name's joe biden. i'm a democratic candidate for the united states senate. all men and women created by the thing. the former general, i keep calling him general, but my, my -- jackie, are you here? where's jackie? i i think she was going to be here. stuart: okay. perfect time for this headline in the new york post: senile joe biden is bringing shame to the united states. that is very strong stuff. miranda devine wrote that, and miranda joins me now. calling the president senile, that is a very harsh word. can you justify it? >> good morning, stuart. look, i think whether or not the president has dementia is kind of immaterial because most of the world thinks that that's what he has. and so what happens is this weakens america, and it imperils us all. and the optics of joe biden are constantly palling upstairs, falling off a bike, making these ridiculous gaffes, losing his mind, falling asleep, just seeming much older a than his 79 years. he will be

the 10:00 hour of "varney" is next. .. [coughing] hi, susan. honey. yeah. i respect that.tussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin. the only brand with real honeyand elderberry. if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. stuart: another really nice day in new york city, sunshine on the empire state building, 10:00 eastern. but better get to the money because it is a selloff, the dow is down 470, the nasdaq is down 305 points, 2% down for the s&p, look at this. the yield on the 10 year treasury going up 3.859% and oil is over $90 a barrel, not good for the market and suggests enterprise dotage energy price inflation, bitcoin, a price of 19,000, that's the markets this friday morning, now this.

monday, october 3, 2022, "varney" & company is about to begin. let's get it started here, let's get it started hot ♪ stuart: all right, let's get it started, the black eyed peas. we started this monday morning with a stunning reversal from the brits. prime minister liz truss says she will drop tax cuts for high earners, good morning, lauren. lauren: good morning. stuart: i'm tempted to ask and whether you know the answer or not but could the same thing happen here? could biden be pushed into reducing his spending plans? lauren: doubtful. stuart: true. lauren: especially if it's not paid for , which is what happened in the uk. the most divisive elements of liz truss' plan was cutting the tax rates for those who make more money when inflation is obviously hitting everybody very hard. but here is the deal. that tax cut for the high income earners which is just a $2 billion part of this much- bigger budget, so it was small stakes here, but look at the optics. look whose calling shots, the international monetary fund and others rebuked the plan of tax

thanks for being here and thank you for watching we'll see you again tomorrow same time, same place, "varney" & company begins right now stu take it away. stuart: good morning, maria, good morning, everyone. i must admit to being a little nervous first thing this morning the market was heading south, looked like it be a continuation of friday's big sell-off however stocks have come all the way back. i'm going to call this slightly higher at the opening bell. dow is looking for 100 point gain, up 11 for the s&p, 24 the nasdaq. modest gains. today, look, it's all about the fed. on thursday, it's going to be all about inflation with the consumer price index, and on friday, it's going to be all about the banks and profits. over diagnoses hanging the whole thing is the growing threat of recession. take a look at energy prices, yup, still going up. the price of gas closing in on well oil is at $92.49 this morning. gas closing in on $4 a gallon, you're at 3.91 now. california by the way they caught a break. their average price for regular dropped to 6.33. diesel, this is important, as predicted has

third hour of varney starts now. ♪ ♪ charlie hurt joins me.you think will be the reaction to the winter of discontent i believe is coming. >> i think it will be swift and severe and i think joe biden and democrats will pay the price. it's incredible to purely man-made economic pandemic the terrible policies of the democrat party and joe biden in particular have set not just on america but the entire world and you listed the important ones. it starts with fossil fuel but the issue with inflation outstripping wages the way it is, you can't hide from it and most troubling for democrats and joe biden is the fact that every one of these problems can be traced to the promises and policies and rhetoric of joe biden and democrats in congress. it's not a hard squiggly line, it's direct line and they can't hide from it and they will pay a price and will be severe. i don't even think completely appreciate how severe of a price they will pay in three weeks. stuart: moving on, alyssa calling for new blood among democrats. listen to speaker pelosi. >> yes w

montana, as you just saw, has annual skeet shoot for a cause, he'll be talking about that and stuart varney talk about rising gas prices he wished he didn't have to say, but the market did go up yesterday. and republican candidate sued after her husband wore a seahawks jersey in a campaign ad even though he got his jersey from the seahawks themselves. leo terrell and lee carter will bring us ntsdz 2022 with five weeks to go. i urge you with nine minutes, you have nine minutes to put something on and get dressed. let's take a wide shot and finish up "fox and friends first." . >> carley: president biden head to florida to assess the damage from hurricane ian as 78 people are now confirmed dead. >> todd: residents hit by the storm being warned they may be homeless for months. congressman steube joins us now. congressman can, that is a tough reality to hear your life upended just like that. how are the people in your district holding up. >> floridians are resilient. used to hurricanes but certainly not what impacted my district in southwest florida. i was able to tour hardy county and charlotte

energy crisis, this is biden's mess, the greens won't let him fix it, we all pay, second hour of varney just getting started. the selloff is in progress on wall street, the dow close to a 500 point loss, 1.65%, a lot of selling this morning. i will give you two items here, the wall street journal, the guy who checks the fed for the journal and he says the stage is set for the fed is on track for another large rate hike, we've got oil at $90 a barrel suggesting energy price inflation. those two things pulling the market down today. >> absolutely those two things and what today shows is monday and tuesday was a flash in the pan, the market got so exaggerated that the fed was going to have it, clearly they are not, the nfp report shows unemployment showed that so you've got this reversal of fortune in the energy prices only add that but energy is up, oil is up, natural gas and coal is up, they will continue to go up into the winter and into next year, europe struggles as the us struggles so there is some light at the end of the selling terms of investment but not for biden because it will

third hour of varney starts right now. with me now, kayleigh mcenany. think the public schools failed miserably in large part due to the teachers union. i would like to see the schools deunionized. the federal government could do that, am i being extreme? >> you are not being extreme. i would add to the schools the duplicity of the journalist. i stood at the podium and said data from the american academy of pediatrics, various credentialed peer-reviewed studies, the president at the time said schools must be open. this was predictable. we knew the effect of this would have on children and minority communities but the very groups, the underprivileged, they are trying to help, they hurt, they would not listen to the data and the journalists covered it up. ibly1 you stood in front of that podium almost a year. >> during the height of covid. ibly1 you survive rather well. nbc's savannah guthrie questioning the report on john feertert fetterman's auditory issues. >> it was difficult for him to understand our conversation. other journalists who dealt with him