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tv   Varney Company  FOX Business  October 13, 2021 9:00am-12:00pm EDT

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and nine of them. i speak weirdo and i don't even get the whole squid game thing. that is my native tongue. >> you can sleep at night, that is an issue. >> what a pleasure to spend the morning with you. >> >> inflation was the financial story, here are the numbers. consumer prices rose 5.4% over the past year. it is canceling out the recent wage gains and the federal reserve, it is transitory. dow industrials down a little.
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the 10 year treasury yield at one.59% moving up just a little. bit coin, not much reaction, 55,$000 her coin. that the market. president biden lunch the supply chain fix focusing on the port of los angeles, a 90 day sprint to clear the backlog of container ships. walmart, fedex and ups will be on hand to remove thousands of containers stacked at the port, desperate attempt to get holiday gifts in the stores on time. the big event of the morning comes in about an hour. the blue origin rocket, takes off. all eyes on william shatner, he's riding as the guest of jeff bezos. the man is 90 years old and he's going to be by far the
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oldest person ever to great into space. to him, blasting off at 90. a day to remember for everyone. wednesday october 13th, 2021, "varney and company" is about to begin. stuart: space cowboys, fine producing of music. and less than an hour, blue origin will launch its second spaceflight. fascinating to see you 90-year-old william shatner on board with three other crewmembers. kelly a grady in texas where the lunch is happening. >> the crew just suiting up
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and. the excitement is palpable. captain kirk himself will be on board but has quite a ride ahead of him. the rocket will be accelerating a three times the speed of sound. yesterday and inside look at a replica of the capsule he will be traveling in. >> inside the capsule, where the workers and crew will take the suborbital flight. two of the four passengers are playing. origin not released how much they are paying but their competitor version galactic selling seats for 250,$000 to 450,$000 but william shatner has a window seat. >> reporter: the ticket cost has critics questioning the professed aim of democratizing space travel. this goes beyond commercialization. jeff bezos is looking to transfer industries that stress earth into space and in service
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of that developing fully reusable rocket systems like the new shepherd rocket in use today. as the billionaire space race heats up critics are questioning should a few men be responsible for defining humanity's relationship with space for the foreseeable future? it is really exciting here. you can feel that brewing. last night, and inside look at astronaut village where they eat, where they sleep, looked pretty good but blue origin is developing a holistic experience beyond the 11 minute flight they are going to experience today. bringing more as we get closer. stuart: 56 minutes to lift off. look at who is here now, tom jones, former astronaut back on varney. is this going to be a rough ride into space, traveling 3 times the speed of sound, you're going to beep into the back of your seat.
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>> acceleration levels, turbulence and shaking from the powerful rocket engine, 110,000 pounds of thrust but only last a couple minutes. it is no rougher than a roller coaster ride. shatner will have a treat of his life looking out that window and will get three minutes of weightlessness. stuart: i find it hard to believe a man of 90 is in such good shape that he can take a trip to the edge of space. does that surprise you? >> i have been impressed with shatner since i was a kid watching him on star trek. he is in decent shape, enough to survive like this. we could have put him on the space shuttle and he would have survived that lunch to orbit as well. if you are in generally good shape it doesn't matter whether you can run a marathon or not, you just have to be able to withstand the switch from high
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acceleration, three or four geez to freefall, weightlessness, then there's a deceleration -- deceleration is the capsule freefalls and you get smacked by the thickening air with the force of gravity on the way down. stuart: there has to be something more to this man space tourism. they are launching rockets to carry tourists into space was elon musk is launching rockets to launch satellites. there has to be something more than space tourism coming out of this. >> is the first step. they are demonstrating the reliability of the rockets by the fact that they can carry humans safely to space and back. on bezos's side he's building a giant new rocket called the new glenn which will be orbital capable and carry supplies to the space station and the new lunar space station so the new glenn is for the space force, nasa and commercial satellite customers, that is where the
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big money is in blue origin's plan and same with branson, he hopes to scale up his spaceplane to the edge of space such that you can travel halfway around the planet in 30 minutes. that is where he is going with that with fast-paced business transport station and scaling up to orbital travel as well. stuart: it is not just billionaires having fun. we will be following the rocket as it heads up there. see you soon. to the markets, the price index news, 5.4% over the past year. shah gilani joins us now. the market doesn't seem too worried about inflation. >> i think the market understands there is inflation and it is more overlooking like it is structural as opposed to transitory. transitory, they get canceled and not too distant future if we get prints like we saw this morning but understanding tapering is going to happen and
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likelihood of rising rates. that is what is going to happen with earnings in this quarter and the next quarter. this quarter is paramount for investors consideration, how our cfos going to address in the future vis-à-vis rising rates, inflation, supply chain, investors will be hanging on the edge of their seat to every conference call that happens after every earnings report. stuart: are you looking of dip buying? >> slowing down for monumental growth, 33% growth a couple quarters ago, we can't sustain 10%, sustaining 5% to 6% is phenomenal, i will be happy with 3% still above trend and the economy can do that and that bodes well for equity.
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this sort of churning has given me opportunities to buy copies on deep sale. stuart: i can't buy stock in space x and can't buy stock in bezos's blue origin but i could buy stock in branson's space operation. would you buy branson's space operation? >> i wouldn't. i like the question you asked tom jones. what is the end game? we think we know what space x's end game is. these two i imagine are going to try to trail what space x is on and launch satellites etc.. they are focusing on space tourism. don't think that is a winner in terms of earnings and probability and stocks rising. stuart: it might send us into space and get some new technology out of it. shah gilani, i will leave you
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with the king of the dip buying, that is you and we will see you again soon. i got news on apple. apple is cutting iphone production. this is chip shortage. >> reports that broad, and texas instruments can't deliver the parts in time. apple might have to cut iphone 13 production from 90, to 80 million units this year. what does that do to their holiday quarter revenue? word the current orders are delayed until november. this raises questions whether companies the size of apple which has so much power here are going to make christmas deliveries. when you have a lot of demand and long wait times it indicates blowout sales and keeps people wanting your product. stuart: eventually. lauren: chip shortages affecting the biggest of the big. stuart: half a percentage point. the market opens in 19 minutes.
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the nasdaq doing well, up 45 points. ceca pelosi says the media needs to do a better job promoting democrats agenda. >> a better job at messaging, how do you sell this? >> you have to do a better job selling it to be honest with you. stuart: she assumes the media will always be on her side. bret baer will be sitting next to our studio in new york. taking aspirin daily has long been recommended to prevent a heart attack. new guidances it will do more harm than good. ♪♪
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stuart: as of right now the blue origin crew about to leave the astronaut training center, heading to the launchpad. four people on board, all civilians. 94-year-old william shatner, two paying customers and blue origin's place president for missions and flight operations, takeoff time, 10:00 am precisely. we will take you there. take a daily aspirin for heart health, that has been a recommendation for a long time. in a report says people 60 and older should not take aspirin daily. doctor marty macarry, i have been taking baby aspirin every day for years, should i stop?
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>> this reversal by the preventive services task force in draft form if becomes finalized will represent a significant change in the universal recommendation for everyone to make a recommendation. there is a carve out for people already on aspirin and have been on it for a long time. your doctor may recommend you continue but the new guidelines will say people under 60 should not take aspirin including those at high risk for heart attack and people over 60 should take it if they are high risk or had a heart attack and passed. stuart: what is my risk from taking a baby aspirin every day for 10 years? >> we know there's a risk for internal bleeding and hemorrhagic stroke. for the same reason the aspirin helps with heart attacks, it can increase the propensity to bleed. that was evident for years in an fda panel, they pointed that out and heart attacks are from
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general body inflation. there is a trend that less is more, invitations were far more narrow than we appreciate it. stuart: no idea what to do but i will consult my doctor. you have an op-ed on foxnews.com. the fda needs new leadership. tell us what is wrong with the fda? >> why do we only have full approval for one of 3 vaccines? over 400 million people have gotten these vaccines and why astrazeneca's vaccine never approved in the us despite 1 billion doses being out there worldwide and why stick to the narrow 3 or 4 week interval between the first two doses? we now know they should be spaced out months apart and with kids there should be fixed ability with the second dose and some would benefit from one dose. there is a lot of rigidity. time for a fresh approach and new leadership.
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anyone who looks at what cut desta 0, looks at the fact that they are taking two months to ponder these results. somebody has to say this drug was invented last year, can we reevaluate the process. stuart: they were accused of dragging their feet, they were accused of rushing to authorize emergency use of the pfizer vaccine. a lot of people said you are rushing into this, going too fast. see what i mean? >> know corner should become on safety in protocols and trials but there's a lot of waste in between. the time they look at results for phase i and phase ii, phase ii and phase 3. you could review those results in 48 hours, four analytical teams independently review the data and they need to cut the waste. right now, two month pondering is an example of that waste. stuart: who appoints a new leader if a new leader were to
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come along? >> the president. if you ever wondered who is the regulator that approved oxycontin that spend the opioid epidemic that regulator is running the agency and we need fresh leadership. stuart: point well taken. thank you for being with us, much appreciated. companies in texas define governor abbott's executive order on man -- vaccine mandates. which companies are still making their.get the? >> ibm, southwest and american airlines. federal law supersedes state line as federal contractors they will enforce vaccine mandates on their staff. whatever they do they are breaking the law whether it is federal or state. they are stuck between a rock and a hard place. they did a risk calculation and said vaccine mandates are easier but they create a massive headache legally and politically. however, the goal of the biden
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administration is we know we will be challenged all the way to the high court but by the time that happens we president of people to get vaccinated and because of that they win in the end. stuart: which ever way they go, state law or federal law. what a mess. i understand there's a new ruling on religious exemptions, they get the exemption. lauren: they cannot be fired for being unvaccinated. this group claim the exemption, they said the vaccines take tissue from old abortions, that with their complaint. what happens now? it estimated 35,000 medical workers in the state of refused vaccination. many quit or lost their jobs as a result and return to their jobs because of this ruling. the wall street journal editorial page calls the
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mandate political vaccine jujitsu. it is hard to navigate this environment. stuart: all you got to do for healthcare workers is say i have a religious objection because fetal tissue from old abortions is included in this vaccine, i object, therefore i don't have to have the vaccination. it gets rid of the mandate, doesn't it? >> governor cuomo allowed that but governor hogle did not allow that and she was taken to court and it is mayhem. it is so political. it is very hard - >> covid took our personal freedoms away and with the mandates people feel your freedoms are still being taken away and it is polarizing to american society.
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stuart: let's get to the markets and show you what is happening. pay attention to the nasdaq up 72 points, 73 points. the nasdaq is doing well. "the opening bell" is next. ♪♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones
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stuart: the crew of. origin's new shepherd about to be driven to the launch site by jeff bezos himself. it is in 34, 33 minutes time. we will take you there right before it happens. futures in the green especially the nasdaq up 100 points. a modest rally. don'ta bone h tbonepi t yot i eeven ad altrreuur ,tu y'rmie omi e li i ali rririo plo odexto te deup pret settyf.stf. akur
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e tgeh rough eese xtks. me niediglsig llwitiutyou yo theer hood asoo w when g ti ange and s at ippateninpp th few feweekss evyone ne is s ng stang slangla int i 20 , we have interest rates going up, global interest rates rising, these going vertical. when you see that happening in combination with what we are seeing in regards to covid and small caps outperforming at high beta outperforming the s&p and nasdaq the last three weeks this does not happen in our opinion if we are not going to see acceleration in gdp. delta came out with earnings and talked about the fact they've seen an explosion of booking from europe to the us. if we are getting ready to reopen, the second reopening because covid cases are down and plummeted and you and global demands on top of that i
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don't see how gdp does not accelerate to the upside from where we were in the third quarter and that will lead to much higher gains in equity markets such as dialing of the risk for the fourth quarter. especially in the small-cap area and that is why we see fundamental supporting that. stuart: you are selling big and buying small-cap. is that what you are doing? >> we are increasing exposure and increasing exposure to the russell 2000. for those investors who have risk tolerance we think we are seeing a consolidation right now. stuart: a space stock like virgin galactic. you can't buy into bezos's blue origin or musk's space x. would you buy into virgin
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galactic? >> right now for our positioning we would not. we favor financial energy and the russell 2000 for the fourth quarter rally. we have a fourth quarter rally coming and we will take the risk off in the first quarter next year. stuart: we hear you, we have a fourth quarter rally coming. we hear you. thanks for being with us, see you soon. we open the market on wednesday october 13th. here we go. it is 9:30 right now. expect to see some green from "the opening bell," they are not all open yet but when they do more green, about half of the dow 30 in the green. show me the s&p, a solid gain of a 12:45%. the nasdaq is where i expect to see a better gain and that is what we've got, europe almost half a percentage point which implies that is not bad.
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big tech, all of them up except apple and some news on that. have a look at the banks the kicking off earnings season. let's start with jpmorgan. >> a great start to the earnings quarter, largest bank in america doing better than anticipated feeling more confident they are loading out another $2 billion they are keeping the bank just in case, keeps anything from happening during covid. do you see the record advisory quarter, they made the most money every in advising people in m and a activities, jpmorgan up 30% on the year. stuart: down a little bit today despite that. black rock. >> how does $9 trillion sound? under management, largest asset
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manager, less than $10 trillion forecast. this is a monster company doing well when it comes to etf. when we talk about jpmorgan, jamie dimon says it is worthless, the founder of black rock sees huge opportunities in digitized crypto block chain, crypto currency. the underlying technology, it is a block chain, and the direct transfers in the future. stuart: what stood out and he was black rock manages $9 trillion. delta reported the stocks down. >> first quarterly profit since the pandemic but they are forecasting the final 3 months of this year because of higher oil prices and jet fuel costs. stuart: international travel is only 30% of what it was in 2019. one third of -- >> to mystically close to
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pre-pandemic levels. stuart: apple. a couple items here. i know that next monday they have a lunch event, deal with that first. >> we will talk about the chips and it is called the unleashed event, we are looking at the first major design in a macbook pro, top of the line laptops apple makes, apple as i mentioned make the chips that go into their iphones and i've hads, the bloomberg report that apple is cutting production of its iphone 13 chips by 10 million units or they will be impacted by 10 million units, those chips are made by the broad,s of the world, texas instruments. these apple suppliers are the ones that can't get the chips made to put into the iphones.
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i have this right here but it is the other suppliers and i might be the glut. the joke point. stuart: that is not such a huge problem. >> you heard from the cfo who says we will have an impact, a shortage of iphones and i've hads because we will get hurt by this global shortage of chips by other people. stuart: apple is at 140. club power, partnering with airbus. >> hydrogen fuel cell. stuart: wire they teaming up a huge aircraft manufacturer? going to electric lanes? >> possibly, something cleaner burning and maybe supplying across airports as well. worth $40 and it is not just green hydrogen fuel cell technology aircraft deal with
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airbus but also phillips 66 which is an oil company. one of the green climate winners is up 75% over the past year. stuart: and gone up some more. 8% up on that recommendation. costs that is a meme stock. >> owing to volatility. 23%, is back. >> was it mentioned -- >> the retail crowd -- >> couldn't an outsider ride all kinds of good stuff. >> don't know if you jumped in. i did to know there are
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fundamentals starting today. stuart: squid game, i watched it for 30 minutes, could not get into it. >> did you see the subtitle of the dumb? >> i did the too. it was 11 million people tuned in for the launch. >> 111 million viewers, a big global release. have you watched it? stuart: couldn't get into that. at least two episodes didn't you find squid game -- people tell me it is discomforting. >> it is violent and quirky which i enjoyed but also a rich for social commentary and 82 million viewers over 28 days. when you have a hit show think
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of how big gaming is. imagine how big and how much it adds to the bottom line with a huge show like this, 111 million viewers and how much international is a bigger part of netflix's business, 60 million domestic subscribers, 140 million outside the us border. stuart: no wonder netflix is $630 a share. dow winners on your screen again headed by salesforce up $4. what is the percentage? show me the s&p winners headed by black rock very nicely after their results. >> i thought you were going to point out microsoft as one of the big winners. >> didn't want to harp on microsoft but show me the nasdaq leaders. >> of all the chip the bank makers twee product five were chipmakers, talking about the impact on apple with the chip
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shortage. stuart: coming up, who is to blame for the border crisis? top republicans point the finger at biden's homeland security chief. >> there is clear examples of a deliberate dereliction of constitutional duty on the part of the secretary of homeland security. in this case deserves impeachment. stuart: chad wolf held the job under donald trump. he will be here later to discuss the impeachment of mike lucas. the top destination for bitcoin minors, not china but here in the united states of america. we will tell you why we are so attractive to the crypto guys was back to texas where the all civilian crew of. origin's new shepherd is preparing for take off and you are looking at the rocket. ♪♪ no one can stop us now ♪♪
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stuart: newsflash, the blue origin launch is delay. they are calling a brief hold. you see the countdown clock in the corner, stopped right now, t minus 45 minutes to lift off. on the markets we thought we would have a nice game for the dow but it has turned south was a miserable gain of one point. 34,300 on the dow, the nasdaq doing well. it is up 90 points, past 0.6%, a rally for the nasdaq. consumer price inflation a little hotter than expected. 5.4% consumer priced higher than one year ago. look who is here on this. scott shelley joins us, different bowtie and different red on the shirt. the cows stay the same.
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what, do you ever get on a plane dressed like that? >> i happen to watch our exchange one year ago today and you asked the same thing, do i wear these things out in public? i do wear a cow shirt in public every single day just to jog people's memories so they know who they are looking at. i don't where the jacket but i have cow shirt i wear every day. stuart: you think people will recognize you? do you like it? >> how can you not like that? i said this to you a year ago. they don't say you are the cow guy, they say you are the guy on the varney show. stuart: i know what you are doing here. let's get serious. 5.4% inflation at the consumer level, energy price inflation as well. when is the market going to react to this? >> it is starting to react
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because we are slowly grinding sideways. the market will wake up to the fact that we are not doing as well as we might think we are doing. the jobs number is a good example, how we are getting surprised about how things aren't turning out the way we used to be. the reason i watch their exchange from a year ago is you and i thought we would be in better position today than we were back then. that is not the case. we thought the vaccines would have a big impact and they have and we have the delta variant and some weather issues but what really happened is i thought we were going to shut this economy off like the gym lights when you leave practice friday night, they'll go down at once. i thought when we turned the economy on saturday morning they might flicker and it might take a while to warm up again but we will have the monsoon. that hasn't been the case for the economy. too many things have to be in
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the right place at the right time to get this economy started without having these issues because we running so we officially before we shut everything down, one little backup, one little problem somewhere along the line the supply chain line is going to ripple, a big ripple effect and when it gets to the end it is a big problem. that is what we are going through. stuart: president biden has a 90 day sprints to clear the backlog to the ports of los angeles and doing other stuff as well. you don't think it will work? you can't clear the backlog before christmas? >> christmas will be difficult but why don't we ask? he put together committee to worry about supply chains in january or february, the first quarter of this year and they were to come back in june with some answers, they are going to sit around and give lip service to it, talk about it, people who are doing something about it are costco and walmart. it is another reagan lie, when
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was the last time you said thank goodness the government is you come our problems are going to go away. i don't think he will solving. stuart: was it ronald reagan who said the ugly words you never want to hear, hi, i'm from the government, i'm here to help you. i think he said that. him or rush limbaugh, one of the two. love the new outfit. emails pouring in. we will see you next week. let's have a look at bitcoin at 55,$000 a coin. china is no longer the top destination for bitcoin minors, it is usa. >> 35% of bitcoin mining power in the us, up 428% since last september according to cambridge university. washington state hydropower, new york nuclear power. that makes the us attractive and china quit the race
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essentially and pass the baton to attend right next door to china, and, number 2, they have a lot of cold achieved and have 18% market share. stuart: another one on coin base, they are launching a ft marketplace. >> a new revenue stream. currently from being in exchange for crypto currency, they have an fps that operate on block chains, peers to p are transactions generate more revenue, they have a waitlist for the marketplace to trade digital assets, $10 billion in sales for the last quarter alone. the whole idea is social engagement, a personal theater recommendations of nfts you might want to buy or trade. stuart: can you tell me what nft stands for? >> nonfungible token. stuart: passed the test.
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lauren: i have only been sitting here how many years? stuart: the white house stepping in to ease the supply chain crisis. why did it take the administration so long? grocery shelves start to empty, you're paying more for what is left on them, live report from stu lennon after this. ♪♪ ♪♪ you can't always get what you want ♪♪ can't always get i'm gonna earn 3% on dining including takeout with chase freedom unlimited. that's a lot of cash back. are you gonna stop me? uh-oh... i'm almost there... too late! boom! earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online
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when i was diagnosed with dupuytren's contracture, i waited to get treated. thought surgery was my only option. but then i found out about nonsurgical treatments.
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it was a total game changer. learn more about the condition at factsonhand.com stuart: a countdown clock is back on. the 3 people there are passengers on the rocket. and driven by jeff bezos himself, they are being driven to miles to the rocket launch site. the countdown clock is back on shortly after 10 am. they are all peering around. the consumer price inflation got hotter in september, meaning you pay more for eggs
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and bacon. madison allworth, how much of prices gone up? >> prices are climbing here and everywhere across the country, the index up 5.4%. the grocery cart is looking more extensive the last couple months, that is just continuing and it will cost you more. the worst offenders of 12%, that is over 10%. those are the big items and you see this across the car, but i'm here with stew leonard. new numbers out today worse than anticipated. what are your consumers saying? >> you mentioned a couple biggies, luxury items people want like meat, seafood, lobster, crab legs through the
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roof. seeing spikes in that. overall some good prices in grocery stores so you may have to trim back a little bit, the big ribeye steak you always wanted. you can get some good prices out there today. we have seen prices trickle up. >> what are the factors you see, the front end, the back end, what is contributing to this increase? >> we buy direct from the firms, farmers, ranchers, can't get the labor, raised labor rates up and transportation is really tough. that is the biggest concern for the holidays, your turkey can wait a week in the refrigerator. try to get everything you can ahead of time. >> reporter: even though prices are a little higher that supply
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issue is something you've seen so much so seeing that price go up but hopefully we had a ceiling although things are not looking incredible. stuart: 34 minutes away from william shatner and the blue origin crew launching to the end of space. the other stories the market, we turned down 150 points. we follow it all for you after this. ♪♪ ♪♪ wave your hands in the air ♪♪ if you feel right ♪♪ ♪♪ . . . .
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you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. ♪. stuart: good morning, everyone. almost 10:00. blue origin countdown is back on after a brief delay. the astronauts, if i call them that, space travelers, they are mounting those stairs going into the little building right there. that is where they wait for a little while before they get into the capsule at that takes them off into space. bill shatner will have the window seat. he gets the best view. 90-year-old bill shatner ready for a space trip. isn't that something? kelly o'grady is in texas.
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i thought bill shatner looked a little nervous. what is the atmosphere there. reporter: i saw that. he was not talking to anyone in the car. i'm sure he was reflecting on the historic moment about to happen. we had a bit of a holdup. final check. they were prepping the vehicle. we're back on. we're about 30 minutes from launch. interesting fact, none other than jeff bezos, founder of blue origin drove them over to the launchpad. everyone said good-bye, a wave to friends and family that joined them on site. exciting to come. it is palpable a couple facts to set the stage. this rocket is 60 feet tall. fully reusable. fits up to six people. no carbon emissions. the only by-product is water vapor. that is big focus for blue origin as they move nonpolluting industries into space. three times the speed of sound.
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fun for captain kirk. he won't need anymore power, scotty. that capsule will go up to 350,000 feet. the booster will come back to earth. i've been told to prepare myself for two sonic booms. that's normal. that will be a 11 minute journey. they to past the carmen line. 60,000 feet in space. experience weightlessness before hopefully returning safely to earth. you mentioned that bill shatner had a window seat. they all have window seats which is pretty cool. they press their nose against the window looking at beautiful views of earth. we'll bring you updates. can we expect to see you on the next flight into space? stuart: i'm terribly sorry. someone was talking to you. what was your question again.
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reporter: can we expect to see you in space in. stuart: if i live to be 90 i might try my hand like bill shatner. i'm a long way off. kelly, thank you. that is correct to say everybody has a window seat in the capsule. not just bill shatner. we're waiting for the launch. we'll keep you up to date on that. we turn to your money. the dow is turning major league south, down 162 points. where is the price of oil for you this morning? i don't think we checked it the first hour. we're below $82 per barrel. the treasury yield, is 1.54%. look at big tech. you have to always check the big guys here. all of them are up except for apple which is down a buck 45, holding at 140. the big gain from microsoft which is up 2.69. that is the markets. now this. consumer price index for september up 5.4%
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year-over-year. in other words what you pay as a consumer is more, 5.4% more now than it was a year ago. bob doll bring in now. bob, that inflation number is a little bit hotter than expected, 5.4% s that why the dow is selling off? >> i think so, stuart. the initial reaction was oh, maybe doesn't matter because the core excluding energy is if you don't eat and use gasoline was a little better than expected but 5% inflation. remember not too many months ago, fed said we want to get inflation up to 2%. you and ised phrase be careful what you wish for. their wish came true and then some. 5.4% is not good news for the country. i don't think it stays there but don't go back to 0 to 2. stuart: i agree with you, bob, i
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don't see how that can happen, at some point the federal reserve has to do something about it, don't they and what are they going to do? >> absolutely. they have to get on with the tapering. the announcement should be coming hopefully at the next meeting and conclude sooner rather than later. look, we don't want to read them the history books. the fed waited too long yet again to raise rates. that is the danger we face here. inflation stays hot for too long which isn't good for consumers around the way they have to spend their money and it is not good for markets. we've already seen the interest rates out the yield curve, the treasury bonds, slowly but surely move back up. they're still low relative to history but more to go up there and of course that affects the valuation, p-e ratios on stocks. and that would come under pressure as well. so inflation, when it's low, a great friend of the markets. when it's high, not good news. stuart: we got the supply chain
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problem, everybody knows about it. president biden is trying to do something about it at the port of los angeles, okay, but is that supply chain problem, which is definitely going to stretch for a while, is that inflationary? >> absolutely. there are three parts of inflation. one is the transitory piece, and there is some of that. second is the supply-related shortage that people have to pay up to get something if they're is not enough of it. that is certainly part of what is going on and we hope that comes out in the next few months but then there is that core inflation, for example, rent. slowly but surely moving up. month over month up 0.5%. the month before 0.4. the big part of inflation. so it is that last sticky piece that will remain even as we solve our supply shortage problems which is going to be, take some time as well. stuart: all right, bob doll, thanks very much. the dow is still down 170
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points. we'll see you soon, bob. thank you very much. >> bye. stuart: lauren looking at movers including a stock called globalstar and that is moving. i forgot -- low earth orbit satellites, aren't they? lauren: correct. they're on watch. there are rumors at apple's big event they might unveil the satellite service. the next iphone 14, unless they call it something else, could link to satellite networks. just a rumor. obviously, but it's a gain, up 11% moments ago. >> pure speculation, but interesting speculation if apple link this iphone to a satellite, that is much better connection, isn't it. lauren: absolutely. a game-changer that is the gee whiz. a lot of people say well the camera is better, maybe a little bit faster, come on, a lot of newer phones work just fine. you don't always need to upgrade. that would be a need to upgrade. stuart: the breakthrough is satellite direct to your phone.
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the breakthrough. globalstar goes up. draftkings, up, what is the news? lauren: sports betting partnership with the nhl, national hockey league, games as well as fantasy sports betting. draftkings is up three days in a row, up 5% for the month. stuart: i've never seen rocketing on betting for sports in a bar. lauren: people are bored, flush with cash. stuart: sitting at the bar and drinking. what is wrong with that? somebody is making money out of that. general motors i see down very sharply. lauren: extending the halt of the electric chevy bolt in michigan for two more weeks. they need to prioritize the recall of 140,000 cars and improve the battery production. stuart: when the satellites were driven to the launchpad they were driven in a riffian. lauren: of course. that makes sense these day is. stuart: we have this story, interesting, chip shortage hitting iphone 13.
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apple's goal was to produce 90 million by the end of this year. that might be cut by 10 million. the stock is holding though at 140 per share. down 10 million units if these reports are correct. the port of los angeles is taking new steps to address that record backlog of cargo ships. all right, what's the plan here? lauren: they will operate defend four seven. the for the of l.a. -- 24/7. that is where 40% of imports dock. agree to staff overnight and weekend shifts. operating 24/7 to ease bottlenecks that left store shelves empty. the optics are so bad for democrats. if kids don't get the christmas gifts in time, that is the best christmas gift you could give with republicans with the midterms next year. stuart: could be exploited for political reasons. >> they're trying to get ahead of this as they can but critics would say they're late to the
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game here. stuart: indeed. lauren: we've been warning on this program, this network, inflation, these supply chain issues are bad, not transient. stuart: our own edward lawrence asked jen psaki yesterday what took you so long. she denied, planning it for months. took a long time. update on the space capsule. the crew is now loaded into the capsule at the top of the rocket right there. liftoff is 21 minutes away. we'll tyke h take it all full, see it in full when it hams. tease what is coming up? secretary mayorkas orders i.c.e. agents stop raising places where they work. their hands are tied. greg abbott says they're putting politics before public safety. >> greg abbott's executive order banning mandates, announcement by governor desantis this morning essentially banning
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implementation of mandates fit a familiar pattern that we've seen putting politics ahead of public health. stuart: florida congressman byron donalds will be here. he is here to take that on in just a moment. blue origin about to launch the second flight into orbit. going to happen any minute now, probably about 15, 20 minutes away. bill shatner, 90 years old. great shape for a man of 90. he is on board. we're live from the launch site in van horn, texas. ♪. dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones
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the man who actually closed the hatch was, jeff bezos, founder of blue origin and the whole amazon thing, okay? liftoff now is, lauren laughing at me because i'm getting tongue-tied. i'm astonished 90-year-old man going to space like this. something else again, liftoff is now 14 minutes away. we'll take you there when it happens. in fact we'll leave that up on the left-hand side of the screen to check exactly what is happening all the time. look at the dow, we're down 237 points. nasdaq is clinging on to a very small gang, a 13 point gang. the word from wall street is that inflation report, 5.4% inflation for the third month in a row, or 5% inflation third month in a row is not going down well. that is why there is some selling this morning. then there is this, the state of florida is going to fine leon
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county 3 1/2 million dollars for violating the state's ban on vaccine passports. governor ron desantis said this, it is unacceptable that leon county violated former law, infringed on current, former employees medical privacy and fired loyal public servants because of personal health decisions. congressman byron donalds from the state of florida joins me now. congressman, why is there such a political divide over vaccine mandates? >> i don't really know why. here is the issue, vaccine mandates are infringement on people's health privacy. i don't know why people like joe biden and the white house are pushing this down on americans. we never in our country had a situation so soon to a pandemic we're requiring vaccines writ large. it is always taken years to go through vaccine requirements. doing it this way, doing it this rapidly, doesn't work for our country, doesn't work for people.
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it divide as lot of people unfortunately. some business owners, some counties think it is their ability and their authority to tell people what they must inject into their body. i find it to be obscene. so governor desantis is right to stand up to leon county and fine them. they should follow florida law. stuart: white house press secretary jen saki says florida's ban on vaccine passports will kill people. listen to this. roll it. >> governor abbott's executive order banning vaccine mandates i would also announcement by governor desantis this morning essentially banning the implementation of mandates fit a familiar pattern we've seen putting politics ahead of public health. why would you be taking steps that prevent the saving of lives, that make it more difficult to save lives across the country or in any state? stuart: congressman the administration is saying in no uncertain terms that your state is costing lives? >> first of all i will not listen to jen psaki and white house when it comes to
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saving lives. if they had done a better job in afghanistan they wouldn't have lost 13 of our soldiers our men and women they put in harm's way, ridiculous logic, ridiculous planning. if i were them, take care of southern border, putting lives at risk and drug cartels and coyotes where they're dying own the journey. white house has no authority to tell americans what they put in their arms. that simple. some business owners are going along playing the political science the white house wants to play as opposed to following the science. what we should be doing with respect to covid-19 is moving into a series of antibody testing for americans. americans should test antibody levels now, not just testing cases. what we should be doing forcing people to vaccinate, make sure people have all the different dreams that are available, whether regeneron, whether getting a vaccine if that is what people choose, whether getting antibody test where they
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know where they are at this point in time. forcing people to take a vaccine that came out a year ago, vaccines are worked wonders, it just came out a year ago, we've never done that the white house talks about polio, mmr, those vaccines had been out a very long time before they were mandated for kids to take. when kids are mandated to take those vaccines it is because those diseases almost unlate rattily affect judge kids and death rates are significantly higher than covid-19 ever has been. stuart: congressman, thank you for making a forcible case. come back soon. >> anytime. stuart: i want to go back to the blue origin launch. william shatner, i don't know whether we call him william or bill. i always called him bill william, anyway, mr. shatner and the blue origin crew are onboard. the "countdown" clock has been stopped again, this is another brief period we're told.
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the load took longer than expected, loading people on to the capsule a bit longer than expected. the the countdown clock has been suspended. we're 15 minutes away from launch as we speak. you're looking at the capsule there. teacher shortage in florida, this follows from byron dyson there, i'm sorry, let me correct, that byron donalds, i'm very sorry, following what he had to say. in florida the teacher shortage has gotten a lot worse. lauren, how many positions are open? lauren: teachers only, 5000. if you look at the support staff, like bus drivers, 4,000. look this is disasterous for the students. you know i speak to many teachers on my podcast. they say this year teach something so much harder than last year when they were forced to do zoom school and everything else. they have gaps in the learning as well. add into that all the criticism what they can and cannot teach.
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in florida, mask mandates being condemned by governor desantis. florida teacher salaries are much lower than the national average. they're stress, a lot of them just quit. stuart: mandate to get vaccinated in florida schools, that keeping some teachers out? lauren: for some of them. some of the school board officials who have a mask mandate in place the governor withheld their salaries. the biden administration for the most part made them whole. a tug of war between federal and state what you can, cannot do. stuart: between republicans and democrats, top-down authority and personal liberty from bottom up. lauren: students are caught in the middle. fewer teachers. stuart: that's true. federal judge in new jersey, in new york, ruled in favor of health care workers over vaccine mandates. does that mean they have got an exemption? lauren: this group of 17 doctors and nurses, medical staff can claim religious exemption. they say the vaccines employ
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fetal cell officials from old abortions. they are against that. the remaining question, what now? how many workers who also claimed religious exemption can return to their jobs now? new york obviously can appeal. this not sure they will. likely they will, but this is, another example of how far mandates can actually go because they're challenged every time in court and appealed. stuart: yes. quite possible that someone would say, i object to feet fetl tissue in vaccination, i'm not taking that. anyone could say that. a lot of people could avoid -- lauren: in new york, 10,000 medical health workers claimed a religious exemption. that is lot. when hospitals are short staffed and nursing homes. stuart: blue origin countdown clock is paused for a brief hold. we're waiting for liftoff. we'll show you when it happens.
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the capsule, blue blue launch. we're still 15 minutes away. blue origin launch. we're waiting on that. we're down close to 200 points for the dow industrials. come in susan. what's moving this morning? susan: we'll look at the chip-makers since we're in this global shortage of chips and qualcomm leading chip-makers, because qualcomm is buying back $10 million in stock. that's a lot. i show you the meme stocks. did you know blackberry hit its highest in almost two weeks this morning? throw that on to koss which is at a 3-month high. looks like meme stocks are back. blackberry announced partnerships for koss. they have a shareholder meeting takes place. gamestop up as well. the reddit, wall street bets crowd are back. airlines, have you looked at a sell qualify, stu?
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we're down big on rising jet fuel costs. delta will lose money by end of this year, reported first quarterly profit in the summertime, first quarterly profit since the pandemic began. 225 of where it is because of global supply chain gluts and port jams according to analysts will hurt the furniture sellers. everyone is impacted by inflation or logjam of the global supply chain. stuart: inflation is the story of the day, the month and week, probably. thank you, susan. blue origin launch, countdown clock is halted. sitting next to me, here in new york city. mitch yaw kaku, expert on -- michio kaku is here with me on the set. these space goers today, will only be up for 11 minutes whereas musk took people around in orbit for three days.
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>> that's right. stuart: could you say therefore that musk is ahead in the private space business? >> i think well, it is not head-to-head like the media would portray, the battle of the billionaires. spacex has a tremendous lead over blue origin. they have been around the earth several times. they go to the space station. the last launch they had went past the hubble space telescope. that is how far it went into outer space. elon musks is selling tickets, tickets to go to the moon. a japanese billionaire all bought all the tickets for the first flight to the moon. stuart: good lord. >> none going up for three minutes coming back down. we're talking about the moon now. stuart: they will only be up, that should be 11 minutes, that's it. they get what, three minutes of weightlessness, bill shatner and the crew, three minutes, that's it? >> yes. look at this way, bill shatner will boldly go where no
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hollywood movie star has gone before. he made history. stuart: what do you think about a guy, 90 years old going, touching the edge of space like this? >> i think it means that mom and dad will one day have a chance to go into outer space. not anytime soon. it is very expensive. up to half a million dollars to hitch a ride on virgin galactic but eventually costs will go down. stuart: is that a worthy goal, to take mom-and-pop into space on a little ride? is that what this is all about? the. >> look at it from musk's point of view. he says look at the dinosaurs. the dinosaurs did not have a space program, that is why there are no dinosaurs in this room right now congratulating us. but we do have a space program. we can avoid killer asteroids. next month in november nasa will send the first rocket to deflect an asteroid in outer space. that is in a few weeks. so already -- stuart: wait, you got me intrigued here. you mean there is an astronaut,
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asteroid coming at us, might pass close to us, so nasa will deflect to it? >> nasa considers the threat seriously. first of all no asteroid endangers the earth right now, but next month they will launch and explode we think, will deflect an asteroid on impact. this is serious business. stuart: will it take a nuke, explode a nuke in space to deflect asteroid? great stuff here,. >> forget bruce willis. stuart: you're on a roll. >> if you explode aster road with a nuke you got a lot of baby asteroids coming at you. big one concentrates on one city or area on the earth. can you imagine scores of little baby asteroids coming at you that could knock out a bunch of cities across the world. stuart: we're going into new, totally uncharted territory.
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i'm glad we're going there. literally, he is 90 years old, how do you feel about a 90-year-old guy? will it be a bumpy, rough ride, can a human body 90 years old take it. >> only three minutes of weightlessness. waitless is being free fall. if you jump off a diving board you're in freefall for just a few seconds. like going up a diving board for three minutes. stuart: that's it? >> yeah. stuart: what about the acceleration as it goes up? >> g-forces coming down on you, pushing you down. stuart: yeah. >> so doctors have a mountain of data that they want to analyze from william shatner. he is making history, the oldest man in outer space. though want to know about his heart, lungs, how his bodily functions work, even only a three minute ride to weightlessness. stuart: that is fascinating. he to some degree is a gerry --
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guinea pig? >> all the life signs are being monitored how the human body endures in outer space when you're that wage. stuart: he is sitting in the capsule right now. the clock has been stopped. there is a brief delay we understand. he will get more and more nervous longer the delay is going on. got to be monitoring his heart beat. >> definitely, definitely. >> they want to see how his heart around bodily functions perform when you're 90 years old. >> that's right. stuart: any guesses? do you think he will come out okay? >> i think he will come out. we have to watch out for the space weather report. there was explosion on the sun three days ago, saturday, a gigantic solar flare headed toward the earth. we just dodged a bullet. we missed the earth. if they hit the earth they would have to cancel or delay this launch. space weather, solar flares out in space have to be monitored in addition to tornadoes and hurricanes and everything else. stuart: a whole new world, a
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whole new galaxy i guess you could say. michio kaku, thank you very much. i've been told the clock is back on again. you're 15 minutes away from the launch, assuming there are no other delays. that just happened. looking at the capsule sitting on top of that rocket ready to go in 15 minutes. the clock is on the upper right-hand side of the screen. by the way, jeff bezos and lauren sanchez were spotted in new york city this weekend attending a broadway play. what did they go and see? lauren: the lehman trilogy. date night for a play about capitalism. described by "the hollywood reporter" as the story of the corrupted american dream. what happened to a company that changed the world, right? the start of the financial crisis. is that a foreshadowing for bezos the second man in the world, perhaps in elizabeth warren has her way. i don't think so. stuart: stop it. >> i'm happy they went on date night and saw the play. stuart: they should have been watching old edition, old
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episodes of "star trek," with bill gnat sherr. you are not old enough. lauren: i don't remember it but huge fan. stuart: i'm a trekie. >> i'm a trekie. i've been to at love the conferences. yeah. stuart: now he tells me. >> spoke at some of them. stuart: you spoke? really. "star trek" took place in the 23rd century. way out there in the future. >> that's right. they have tell porters and warp drive. we don't have them yet. science fact is meeting science fiction because now we're sending hollywood actors into outer space. stuart: very good stuff. thanks, michio, good stuff. the white house is about to ease travel restrictions at the southern and northern borders. get ready to show proof, if you want to cross you got the jab. speaker pelosi blaming the media for not doing good enough job to sell the president's build back better plan. watch this. >> do you think you need to do a better job at messaging and
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going forward how do you sell this -- >> i think you all could do a better job of selling it. stuart: okay, bret baier, is on the show. he will definitely take that on next. ♪. as i observe investors balance risk and reward, i see one element securing portfolios, time after time.
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stuart: the countdown clock is back on. we're now about eight minutes away from liftoff. we'll keep the camera on the capsule so you will see it when it moves up. as we're about to do that let me tell you about the markets. we're down 170 points for the dow. we're down nine on the s&p. the nasdaq got back with a modest gain .3% higher. let's deal with this. house speaker nancy pelosi lecturing reporters for not doing a good enough job selling
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the president's build back better plan. watch there. >> do you think you need to do a better job at messaging and going forward how do you sell this -- >> i think you all could do a better job to be very frank with you because every time i come here i go through the list. it is true, hard to break through when you have such a comprehensive package. stuart: okay. fortunately bret baier is here to handle this for me. is it the media's job to sell the president's package? >> no, no. you know what that has echoes of remember back in obamacare where you have to pass the bill before you know what's in it. the same kind of thing. she is, the speaker is saying that the media has to do a better job of describing what's in it but in reality as you do that more, fewer, fewer people like it. and i think progressives realize that this is their pushing, that they have got to get it across the finish line because very well could lose control of congress. stuart: their objective is to
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just get one or maybe two new entitlement programs really appeal to a broad swath of america, make pre-k free, two years of community college. their objective to get that one thing through so you never get rid of it. >> that's true. these things are only funded for a certain period of time but that next congress has to be the one that says, this is over. stuart: yep. >> joe manchin talks about that, the entightments that you're creating that will add to the deficit and debt. stuart: you're in much closer touch with this the backwards forwards we are here. how do you handicap here? do you think we'll get on or two new entitlement programs? >> i think there will be a pared back piece of legislation. maybe bipartisan infrastructure. maybe a really shrunken from 3.5 to 1.5 or something. in big picture that is still a lot of money and you're still adding certain things.
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i think eventually they will get it through. they have not convinced the biten administration progressives to get there. stuart: the progressives will be really angry if they don't get a lot of the plan through. i want to talk about your book. >> thank you. stuart: i've got my copy. >> yes. >> i've not yet read it sorry to say. the book is hearing is titled "to rescue the republic." the life of ulysses s. grant. did he rescue the republic? >> he did. you focus on the civil war. his two terms as president, there were petty scandals, it was consequential. he really tries to keep the union together. he fights kkk with federal troops. the 14th, 15th amendments are because of grant. this book culminates with the climax of the 1876 election, as he is leaving election, there is election contested. hayes the republican, samuel tilden the democrat.
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he strike as grand bargain that literally keeps the country together before we tip back into civil war. that is how it was on the brink. stuart: i may be mixing up my history here but i remember reading that ulysses s grant was mixed up in a nasty ponzi scheme. >> he was. stuart: he lost his shirt. >> he did. he trust ad lot of people. he was a northern politician. after he leaves office he invests all of his money, loses all of his money. he really, doesn't have anything. which is why he writes his memoir. mark twain publishes it. he makes money to give to his wife julia. he ends up getting throat cancer. he finishes it days before he dies. he sells the most books ever in that time. stuart: that is a fantastic story. you got in all in there. >> it is all in there. stuart: it has been released? >> out tuesday. stuart: where are you? on top of the charts? >> i'm getting there. i'm crawling up. 15 on amazon. we're getting there.
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stuart: at top see it a mile off. watch you 6:00 eastern weeknights on fox news channel. >> will indeed. stuart: we're loyal viewers. >> i love this launch. boldly go where no man has gone before. stuart: what you do you think about a 90-year-old guy. >> i'm hoping gets up there, says captain's log, star date. stuart: you don't remember the original "star trek." >> of course. stuart: i watched the originals right there in england back in the 1960s, captain kirk and all. three minutes to liftoff. 3 minutes, 23 seconds to be precise. bret, you're all right. thanks very much. always appreciate it. >> thanks. stuart: let's get to the market real fast here. we're down 130. so the market is coming back a little bit. the nasdaq still nice gain, 61 points higher. let me squeeze this one story in before we get the liftoff here. progressives, we are just talking about this, laying out
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new demands for what is going into the reconciliation bill. what is the new demand? lauren: don't scrap immigration and housing. aoc wants $328 billion for that. she wrote a letter to schumer and pelosi. the gist of it, reconciliation package is once in a generation opportunity. sound immigration reform must remain priorities in the debate. here is the tough call for progressives, can they keep everything they want in this bill or do they have to cut the duration or cut programs entirely all together? what are they willing to leave on the table? the senate parliamentarian has to weigh in, says, if you want immigration in this bill, that is policy change. not sure you can do that. because it goes beyond the budget in the budget bill. what do they leave on the table. stuart: what will they get. what won't they guesstimate very interesting. thanks very much, lauren. let's get back to the launch, we're two minutes away from this. looking at the new shepard capsule.
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that is longer shot of the launchpad. bill shatner, three other people, crewmembers, in the capsule a minute to go before they lift off. they will not be up very long. this is a levin minute trip. they will brush the edge of space. they will get three minutes of weightlessness. then they will come back down to earth. the whole thing will take about 11, 12 minutes, right from the get go, very different from elon musks three-day orbit. he didn't do it. but passengers were up orbiting for three days. this is 11 minute brush with the edge of space. they will start in a minute's time. michio kaku told us they will be studying bill shatner as a geriatric guinea pig. i shouldn't use that word. he is 90 years old. they will monitor his heart, what happens to a man of ninety years of age when you get all
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the g-forces. you're propelled upward three times the speed of sound. that is pretty fast. you will be pinned to the back there. to see what happened. lauren: that is the scientific reason to have william shatner going up. just to keep the public interested, i mean that is so cool! that captain kirk is going up. you want to keep raising money for space travel, bringing in billions of dollars. it is a publicity stunt as well. stuart: great pr, isn't it? brilliant pr, when you think about. >> full circle for bezos because he liked to watch him on the tv. stuart: 25, 24 seconds. are we going to listen in, not the launch crew but the people putting this in the air? okay. 17 seconds left to go. let's listen in.
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[engine sounds] [engine sounds]
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[engine sounds] >> thank you again, everybody for joining us live for new shepherd's second human flight with audrey powers, william shatner. customers green de vries, chris boshuizen on board. on their way to space. nominal flight. clean burn on engine three. new shepherd giving them a
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beautiful flight to space. the rocket is towards the altitude. aiming over the carman line, internationally recognized line of 100 kilometers. that is about 328,000 feet. a gorgeous view down the rocket. and now we've had main engine cutoff. the be-3 engine has shut off. in just a moment we're going to separate the capsule from the booster. and at that point our astronauts will have the opportunity to get out of their harnesses and enjoy the beauties of zero g. let's wait to listen. a clean separation between the capsule and the booster.
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now you can see the capsule from the top of the booster. they are continuing their ascent over the carman karman line. they are 328,000 feet, over 100 kilometers. welcome to space, the newest astronauts on board our crew capsule . there they are. they have hit just about hit
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their apogee. at about 351,000 feet. while we don't have apogee, jackie, i can imagine they're having the time of their lives.
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thank you again, everybody for joining us live from west texas. so far a nominal flight for our second human crew. so exciting, jackie. to have sent captain kirk himself, william shatner to space. i cannot wait to hear his commentary upon return. as well as our two customers, chris boshuizen from australia to all the fans tuning in from down under, big shoutout to you guys, as well as glen de vries, our very own audrey powers. they're coming back home. the booster of course will beat the capsule back home. it is more aerodynamically shaped. at the base of the capsule is kind of a blunt end so it is less aerodynamic. what we'll see coming up shortly is at the top of the rocket we have the ring fin, the, there is some, what we call the pie fins that extend from the ring fin as well as the drag brakes, the pie
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thins, the wedge fins, help stablize the vehicle like, kind of like the feathers on the back of an arrow and then you will see the drag brakes. as you mentioned, jackie, it cuts the velocity dramatically. there you can see the wedge fins are out. received descent, we'll expect the be-3 engine relight,
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3600 feet, 1200 meters above level. wait for that now. the drag brakes have deployed. here we come new shepard. [engine noise] >> and to you. down. welcome back new shepard, the fourth flight to space and back for that vehicle, provided a beautiful flight to space for our second human crew. wow. that gets me every time we do this live down here in texas, the sonic boom is so call. drag brakes are folding back in as have the wedge fins. looks like you could fuel her up, go again. what do you think, jackie? >> even when you know to expect the sonic boom it catches you off-guard every time. >> talk about a rumble. a beautiful sight of our new shepard rocket in the west texas
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they will subsequently be followed by the main parachutes that will fully inflate and ergo the drogue parachutes. and here come the mains. what a flight. you can already start to hear the cheers from outside our stage in west texas.
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>> look out the window. look. >> i see the booster. where is it? >> i want to find that and take it home. >> how about that? >> how about that? >> that was like anything you described. >> here comes the crew back in
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the desert. >> unlike anything you have ever seen. >> standby touchdown. standby touchdown. >> the capsule touchdown, welcome back, the newest astronauts, audrey powers, william shatner, glen de vries, chris boshuizen. what a day for you. i cannot wait to talk to them and get with the experience. what a clean and beautiful flight for our astronauts. >> what a stunning flight and i loved hearing the audio of them on their way back about how this experience was for them and can't wait to get their story.
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>> you heard william shatner say this is like nothing i ever experienced before, this from a man - >> warp speed and traveled the intergalactic universe, like nothing he has ever seen before. what a day for our astronauts. our team is preparing landing safety operations and recovery of our astronauts from the capsule, on the ground at the landing site to follow the action and just a bit, maybe talk to the world's newest astronauts, breathtaking stuff and you will see the recovery team show up shortly, we send them out before the capsule has landed, by now we are very very good at analyzing where the capsule will come down, where the winds are and we will see the recovery team come out and they will be joined by their
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friends and family to watch as they emerge from the capsule. let's check these beautiful shots of our astronauts in the texas desert after going over the carmen line and back. and here are some beautiful shots of our astronauts awaiting the recovery, from capcom that they had communications with, they are doing okay, and exhilarating
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flight to space and back. >> awaiting the recovery team and champagne shower. i regret we don't have any. that feels very unfair. stuart: that was one spectacular lunch and landing. never seen anything like that before, gigantic rocket that goes straight up to 3 times the speed of sound then come straight down and lands precisely in the same place it took off from. never seen that before. kelly oh grady on site. that you hear the sonic boom? >> i certainly did. i was preparing myself, it took me by surprise. the booster was coming back and it was a clean separation
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between capsule and booster and i wonder what was going through those astronauts minds, we had a couple delays, they were strapped in. you can only imagine none of the crew had flight experience before, no pilot on board unless you count captain kirk's illustrious experience. crew is about to come out of the capsule, very successful flight, what comes next? we have human commercial flights going into space was the price of the ticket for virgin galactic is anywhere from 250 to 450,$000, blue origin has not disclosed what those two paying customers pay for this flight but it is likely the same amount but when will the average american be able to go into space and what will we see from blue origin when it comes to this focus on bringing industries that are stressing the earth into space, what does this mean for humanity as a whole? a lot of questions but a successful flight. one of the most exciting things i've ever seen in my life and
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it was an honor to cover it. stuart: looks like not the rescue vehicle but the ground people getting out to the capsule. takes a few minutes before they open the capsule and everybody gets out. we will take you back as it happens. sitting next to me this morning, who is going to comment on what is going on in space, mark tepper. i found that extremely exciting. the idea that billionaires are using private money to develop this private space industry is very exciting. would you invest in it? >> i own a bit of virgin galactic. purely a speculative play. i'm not betting the farm on it by any means but i own a bit of it like it pans out. i do agree with you it is very intriguing, as far as individuals, consumer traveling, 250 grand. pretty expensive but there are
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other benefits as well. stuart: i wish i could invest in elon musk's space x. maybe there will be an ipo at some stage. a space expert tapping on the window, thumbs up from everybody. michio kaku was telling us musk is 10 years ahead of. origin. >> everything he touches turns to gold. he did that with tesla. they have a significant advantage as relates to the marketplace. sounds like they have the same advantage as relates to space travel. it remains to be seen. he's a funny guy to follow. lots of personality. lots of charisma. anything he invests in turns to gold. stuart: i like the idea of using private space business to
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really advance technology beyond tourism. i can't see that as an objective, sending mom and dad into space 20 years from now. that is not the objective. the objective is technological development so you can use space to make money. >> i haven't done enough research on it to have an in-depth conversation about it but 6 months ago after amazon potentially dropping packages on you from outer space. who knows? it could happen. i agree there are some business advantages to being able to take advantage of as relates to space travel. stuart: we are looking at the rescue team at the capsule. they have to take a view minutes. you are not going to send an old-fashioned gasoline powered
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-- >> amazon backed trillions. it all comes full circle to mister bezos. stuart: they have all given the thumbs-up, thumbs up from everybody including australian who paid money, could have been 250,$000. they are going to get out any moment, give the thumbs-up. they are doing tests on bill shatner. is that him? >> that's bezos. is giving the thumbs-up to everybody making sure they are okay. double thumbs-up and a cheer. where's the champagne. stuart: a lot of people don't like billionaires playing with space. i think it is fabulous. what better thing can you do with your money than that? >> got to have a hobby and if space is your hobby absolutely. stuart: you are still there. what have you got for me? >> reporter: talk about billionaires in space, that is
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a question people are asking. how comfortable do we feel with these billionaires defining humanity's relationship with space? we are seeing them, we saw the thumbs-up, rescue crew for lack of a better word is out there and i'm curious to see what data comes in from the fact they were monitoring william shatner's heart with the geforce on him. a historic moment where the oldest person to go into space at 90 years old, a lot of scientific data collected so we have a lot more folks going into space. maybe even older. stuart: bill shatner is officially the oldest person ever to brush with space was 90 years old was don't know how that guy did it. just a whippersnapper. >> i feel like i am getting old. i will cut this morning had to get some stretching in. the legs get tight. i'm getting up there. stuart: whatever you had for
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breakfast i for breakfast. i the opening the capsule up? i to see that. no meals in space this time around anyway. that is bezos. >> look like lauren sanchez. stuart: it is a triumph. an absolute triumph. that is the way i will phrase it. bear with us, mister tepper. we are waiting on this. we find this exciting. >> i find it exciting too. this is fantastic. >> we also like to have fun and this is fun. >> not just billionaires paying to go to space but what can space offer us in moving heavy industry up there and in science and for healthcare reasons. stuart: he opened the door and is headed inside. they would not release the video of inside the capsule
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during the spaceflight. i guess they wanted to make sure there were no accidents or airsickness or anything like that. the capsule is open, the thumbs are up. bezos standing at the foot of the stairs. if i was 90 and the g forces coming at me, not sure i would walk real fast. listen in. >> there's audrey powers, big hug from her sister. captain kirk, himself, the great william shatner. chris boshuizen, the first australian citizen to go to space and back and glen de vries. >> how was it?
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>> oh my god! >> big hugs from their loved ones. >> it is indescribable. indescribable. >> that's what i thought. so hard to describe. >> not only is it different from what you thought. >> you know what? >> the impression i had that i never expected -- is -- >> come here. i one. >> i said to hear this. [laughing]
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>> champagne showers have begun. smiles all around. william shatner taking in the moment. changes everybody in the world needs to do this. everybody in the world needs to see - unbelievable. unbelievable. the little things from so great a distance. to see the blue color and now you are staring into blackness. the covering of blue, the comforter blue we had around
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us. and all of a sudden as we whip the sheet off and you are looking to blackness and you look down and there is the blue down there and the black up there, it is just -- there is mother earth. is that death? is that the way death is? and it is gone. it was so moving. this experience is something unbelievable. you see it, my stomach went up, this is so weird, but not as weird as the covering of blue, what i never expected. one thing to say this guy and the moon and the fragile -- but what isn't -- what is unknown
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is this payroll, the softball to come the beauty of that color and it is so thin, and you are through it in an instant. is the extra mile, two miles? >> that is how you measure it. >> you are going to hundred miles an hour, your through 50 miles, whatever the mathematics, like a beat and you are through the blue and you are into black and it is galaxies and things but what you see is black. what you see down there is white. that is the difference. not to have this -- you have done thing, whatever those other guys are doing, i don't know. but you have given me the most
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profound experience i can imagine. i am so filled with emotion about what just happened it is extraordinary, extraordinary. i hope i never recover from this. i hope i can maintain what i feel now. i don't want to lose it. so much larger than me and life. it has nothing to do with the little green men, it has to do with the enormity, the quickness and the suddenness of life and death of all life. >> it is so beautiful. >> is, beautiful in its way. >> i mean your words. >> i don't know. i can't even begin to express
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what i would love to do is to communicate as much as possible, the jeopardy, the moment you see the vulnerability of everything. it is so small. this air which is keeping us alive is thinner than your skin. it is a sliver. it is immeasurably small when you think in terms of the universe. it is negligible. this air. mars doesn't have any. this -- when you think of the change to oxygen, one%, the level that sustains our life, it is so thin to dirty it.
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that is another subject. so quickly, 50 miles and your in blackness, in death. >> this is life. >> and that is death. in an instant that is death. that is what i saw. >> that is amazing. >> i am overwhelmed. i had no idea. we were talking earlier the foregoing, it is going to be different, you. whatever that phrase is that you have a different view of things, that doesn't begin to explain, to describe, for me, everybody is going to -- this is now the commercial.
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if everybody would be -- so important for everybody to have that experience through one means or another. maybe you could put it on 3-d and where the goggles and have that experience. that is a technical possibility. but what you need also, lying there, one delay after another delay, how do i feel? a little jittery here. there is something in the engine. an anomaly in the engine. we are going to hold a little longer. and i feel the stomach, the biome inside and thinking i am thinking i am a little nervous here. another delay. a little more nervous. by the way, the simulation is
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only a simulation. everything else is much more powerful. doesn't capture -- besides with the jeopardy, this thing hits, that was amazing. the geforce, what is going to happen, am i going to survive the geforce, am i going to survive it and then i think just getting up the blood he gantry was enough. god, what an experience. >> look like you had a moment of, roderick? >> we all hugged each other. and and very embattled, i have
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had an experience. >> thank you for joining us. astronaut crew has made it home. some wonderful words from william shatner, captain kirk who had the opportunity to go to space, he became the oldest person ever to have flown to space at the age of 90 if you can believe it. he went up there with our own audrey powers, our two customers, glen de vries and chris boshuizen. you heard what william shatner was saying. what a moment, everybody needs to see this. commenting on the fertility of
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it all. it is all covered in blue but then when you go on a rocket and see how quickly it turns to black. he was literally moved to tears by it and we talked about it before. rockets with people on board is an emotional experience. >> right now we are about to see our four newest astronauts pinned with astronaut wings. let's check that out. stuart: i think we just saw the best commercial for space travel that i have ever seen when bill shatner right next to jeff bezos was talking about the experience. he was clearly overwhelmed. i think he was brought to tears and consistently said you've got to do this. you've got to see this. everybody must do this. exciting stuff.
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>> very exciting. he was head over heels in love with the experience overall. i think he was on the verge of kissing bezos on the lips, he was so excited. stuart: that made me think, if shatner describes the experience like that i want a piece of that too. >> appreciated his perspective of, and the sense of feeling mortal, there's life down there and all of a sudden up there. it is black. death. someone of his stature,. and and - that puts you in space. he went there. the oldest person ever to do that and other crewmembers.
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>> astronauts 596, 597, 598, 599. stuart: is that the official number of people who have been in space, that is how it works. he's having a quiet word with his patron i guess you would call him, jeff bezos, now they are all getting there things. we will wrap this up soon. we would like to let everybody see, getting their pins, the official wrap-up of what has been an extraordinary journey. there were only 11 minutes up there. three minutes of weightlessness and back down to earth, 10 minutes before they open the capsule, phone up from everybody, bezos gets them out of the capsule and william shatner explodes with enthusiasm for space travel. that is a terrific commercial. it pales in comparison with what we see, that is a triumph
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for private space and ever. the second richest man in the world, jeff bezos, and elon musk, the richest person in the world, with $200 billion. there you go. all right, everybody. we have to leave it, we've got to run a commercial. we have to make some money somehow. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones
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>> captain kirk himself, the great william shatner. stuart: there you have it. that just happened, absolutely spectacular.
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stuart: vanhorn, texas, fantastic lift off. and bill shatner, he gave the best commercial for space travel i have ever heard. this man is completely overwhelmed. >> he has been a spokesperson for the entire blue origin - stuart: don't know if he was paid or not. >> how cathartic was that. he got off the rock and told jeff bezos about the experience. a profound experience like seen the light going up there. stuart: all that time you were checking space stocks. are they doing anything today?
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>> let's check virgin galactic. blue origin is a private space company. the other alternative is version galactic and i will throwing maxar, the space infrastructure company, star fund manager had the space etf because this is an opportunity for investors, morgan stanley said space sales tripled to $1 trillion by 2040. that is conservative, don't you think, $1 trillion in 15 or 20 years, by the end of the decade. >> it is not that much. a lot today. >> we could cross $1 trillion by 2030 and look at his interest, you were live for 90 minutes on that and same for jeff bezos when he was the first person to go up in blue origin. stuart: if i could invest in elon musk's space x, maybe i can, that is where i will put
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my money, pick a space stocks, that is where i put my money, he's launching thousands of satellites. lauren: and the first private space company to fly crew to the international space station, and jeff bezos sued to look at that. >> not all of our viewers -- what else is in the market. >> that is pretty fantastic, i have this problem. >> we control we gone you one day. cyber security companies crowd strike moves, and the hydrogen fuel cellmaker, and a fantastic deal with airbus that heralds the future, cleaner burning fuel.
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stuart: plug power and hydrogen fuel cell guys with airbus, second or first largest manufacturer in the world, you are right, that points in the future. >> according to morgan stanley is $40, flying 10% and you want to talk about my favorite netflix show which everybody is loves as well except for you. stuart: squid game. >> 111 million views in the last 17 days. it was higher earlier, at 628. keep that in mind, close to record levels. b1 what do you like about squid game? >> i identify with the culture obviously but i like that it has international themes that everyone can relate to which is this rich poor divide, obvious
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entertainment. stuart: there is violence in it. >> and game of thrones as well is a phenomenon. i loved it. that was great, something innovative. stuart: a little violence. leave it right there. good stuff. let's get back to one of the leading financial stories of the day, consumer price inflation up 5.4% at the consumer level. we are still at the 5% inflation rate we saw in august and july. inflation canceling out the recent wage gains, the market doesn't seem to be reacting. >> inflation earlier this year lasted through the summer. that is where the shock took place from the data point of view and higher base numbers in july, august and september of last year.
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inflation was in line with expectation, the core number at 4%. at the end of the day we will move through the entire base comparison. real inflation numbers through the end of the year. stuart: if you pick up inflation from the 5% level towards the end of the year that is bad news for the market. >> bad news for certain spots in the market and that is why we maintain a believe that energy is higher, financials can be higher and they do well. at the same time, putting a big trend line earlier this week. prices rebounded, yields of come back in a bit. this market is a rotational market. you are selectively -- i love
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healthcare tech, sales force this week, software general, if you are picking tech out, continue to rotate these markets when they surged, look at pioneer natural resources with a big trend line going back a couple years 195. and they continue to outperform by the end of the year. >> financial and energy outperform by the end of the year. and neil cavuto will be holding a special on inflation in america starts at 1:00 pm eastern today on foxbusiness. now this, educated suburban women in the white house, they are told to be quiet at school
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stuart: i hope you are with us but blue origin successfully completed their second human spaceflight. the new shepherd crew landed safely moments ago. that made bill shatner at 90 the oldest person to fly to space. kelly oh grady is there. do they have another flight in the pipeline? >> reporter: they do. they have another one coming up at the end of this year and several more planned for 2022. i heard you say this is the
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best advertisement for anyone watching who is interested in going to space. the raw emotion william shatner expressed to jeff bezos when he got out of that capsule, that is what we will remember about today. there was the sonic boom, the cheering of family and friends, champagne showers, but that emotion, shatner described himself as overwhelmed. that the word of the day. we were staring glued, eyes to the sky, and there was a communal understanding that something historic happen today and that came out in his conversation. there are a few more flights planned and this is the moment we got to see he boldly went where no 90-year-old had gone before and not many other people have either on this earth. there will be a lot of people inspired to go buy some tickets for the next. origin flight. stuart: a triumph from beginning to end as my eyes
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were glued to the tube. that is our coverage of blue origin. now this. when far left activists made a video of senator christensen a going into the store, president biden dismissed it as part of the process. when suburban moms angrily confronted school board officials over race-based education the biden team called them domestic terrorists. democrats are playing with fire. educated suburban women put president biden in the white house in the first place, those same women are being told to be quiet, don't show your anger. virginia's democrat governor terry mcauliffe doesn't believe parents should be telling schools what to teach. democrats are offended, a powerful group of voters. biden's approval rating among women is falling rapidly and look who is here to comment, liz peak. am i right here that women are
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starting to walk away from the democrats because of stuff like this? >> the polling shows that. i read recently an article in the new york times which expressed mystification of why women were defecting, it is like deus ex machina event taken place. they don't like anything going on under this administration, they are the ones paying the bills, they are very aware grocery prices have gone up, rents have gone up, inflation which we saw a new meeting of today which was worrisome, creeping up in a way the administration said would not happen, that is a big problem. crime is a big problem for suburban women. they don't like to see their neighborhoods becoming less safe, they don't like being called domestic terrorists. for the first time ever parents have been watching over there children's shoulders, they are horrified, rightly horrified, not just the halftime remote education wasn't working properly but the content of what their kids are taught. shame on this administration
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for pitting parents against education for their kids. there rebelling against this but shame on them for all the things happening that women and men are upset about and showing up in the polls. stuart: could they get women voters back in large numbers if for example the democrats push through free pre-k or more help with childcare, could that bring women voters that? >> without a doubt. that is why they are pushing this big agenda for sure. interestingly the gender gap if you will has been cut in half so i think there's an awful lot of women out there particularly independents saying i thought this would work out okay but now i'm looking at higher taxes, higher inflation both of which stem from that bill. the bill doesn't carry no cost. president biden keeps issuing whopper after whopper to tell educated people there is 0 cost to this bill.
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it is preposterous. women are saying there is a cost. everything costs more and taxes are going to go up. i know it, you know it, everybody knows it. biden will have better approval ratings down the line when covid becomes better down the line. other than that in terms of the policies the administration is backing i don't see much help. stuart: we believe it at that. good stuff. my next guest lives in the texas energy court or. can texas supply the oil and gas we need this winter and if not why not? we will be back.
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and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 stuart: we were looking at. origin take off and land the market was all over the place. the dow was down 80 and the nasdaq is up a solid 70 points and that is the state of the market. show me apple, the chip shortage could force them to cut production, 10 million fewer ip 13s are expected, the stock is down one dollar and $0.57, up 139.
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oil and natural gas prices are the highest they've been in many years, oil at $80 a barrel, natural gas over 6 recently. i will bring in wesley hunt who is running for congress in a district i really call the texas energy core door. wesley hunt joins me now. obvious question. can texas supply the oil and gas we need this winter and if not, why not? >> i'm running for united states congress congressional district 38. this is an issue that is near to our hearts. natural gas is at a 10 year high. the biden administration wants to add a tax to that which will push part of the consumer. gas prices are up 30% from last year and all a part of this green new deal agenda, they are trying to hide it in a $3 million tax bid. texas can do our part to supply
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our country with enough energy to last the entire winter time. the biden administration canceled the keystone pipeline, protecting the interests of russia by allowing their pipeline, making us more reliant on fossil fuels crippling our energy independence. this is a problem that has got to stop and this is why i am running for congress. stuart: one more subject, white house press secretary jen psaki says that governor abbott, governor of texas is putting politics above public health. when the governor opposes the vaccine mandate. politics above public health. how do you see it? >> under no circumstances is the role of the federal government to mandate if an american citizen should or should not get a vaccine. that is a personal choice. i am vaccinated and all for it but don't want the government telling me what to do.
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it is part of a bigger socialist agenda and the government to take more control over our everyday lives. that is not the american way or what our constitution - how we should make our own decisions based on her own health. i applaud governor abbott. i applaud governor desantis taking a stand saying we should not mandate vaccines. stuart: is governor abbott's stand popular in texas? it is? >> it is popular in texas because texas is about prison, it is about allowing us to make our own decisions. it is your health, your body and who is the federal government to make decisions on personal issues? stuart: would you move to new jersey and help us out? i live in new jersey and we have lost track of personal individual liberty and freedom.
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i've got space in my house if you want to move, set us straight please. >> come to texas, we need you. stuart: i don't think you do. great to have you on the show. good luck in the election coming up. see you again soon. the wednesday trivia question. what is the record speed of the fastest car ever? the answer after this.
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>> what you have given me is the most profound experience i, i'm so filled with emotion about what just happened, i just, it is extraordinary, extraordinary r. stuart: they're you have it. that was just fantastic. bill shatner brought to tears by this historic flight into space, brush with space. ashley webster, come on in, please. i was gripped. absolutely fabulous. how but. ashley: me too. mesmerized. that rocket came down, so precisely landed on the spot where it took off. that alone is worth of the price of administration. then you had william william wir reaction. he was truly overwhelmed.
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he says it's a experience he will never recover from. fascinating stuff. like everyone should have this experience and thinking, well tickets go anywhere from 200, to 250,000 each. a rare treat for those who can afford it, but are invited. still remarkable. neil: stuart: i changed my mind when i saw them come down safely, saw shatner overwhelmed by the experience. i would do that. i would do that. ashley: me too. stuart: forget the money. i would do it if i could. let's go with the wednesday trivia question. the record speed for the fastest car ever? any guesses, ash? ashley: i was going to say this before it propped up, popped up on the prompter. i promised you i would say usually fastest but going for 763. i think that is right. stuart: you are correct. 763 is the answer. that is faster than the speed of
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sound. the car was the thrust ssc. the driver was andy green, october 15th, 1997 all those years ago. andy broke the land speed record in in the blackrock desert in nevada t was powered by two jet engines. i didn't think you could faster than 2 or 300 miles an hour because the car would take off. ashley: fastest speed on interstate. you can't do 763 on i-5 in california that is for sure. stuart: neil, it is yours. neil: stuart, i have a trivia question for you? stuart: yeah. neil: what is the difference between the blue origin flight and inflation? stuart: is this a trick question? i do not know, will you tell me the answer? neil: yes i am. stuart: go ahead. neil: blue origin came back down. see when i did there? came back down. basic cable.

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