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tv   Mornings With Maria Bartiromo  FOX Business  November 2, 2021 6:00am-9:00am EDT

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most would be grounded for good. so just be glad that the men and women of our aviation industry all through the night and come the morning, will still be hard at work on our behalf. because whether on the ground or in the sky, they are an indispensable addition to how america works. maria: good tuesday morning, he everyone. thanks so much for joining us, i'm maria bartiromo. it. is tuesday, november 2nd. your top stories right now, 6:0. no deal for president biden's economic agenda, west virginia senator joe manchin slamming the social spending package, calling out shell games and shenanigans, accusing progressives of holding the bipartisan infrastructure bill hostage, tying it to the reconciliation package. >> i will not support a bill that is this consequential
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without thoroughly understanding the impact it will have on our economy and the american people. every elected representative needs to know what they're he voting for and the impact it has, not only on their constituents but the entire country. maria: the fallout all morning long this morning. voters headed to the polls today in virginia and new jersey. all eyes on the race for virginia governor between terry mcauliffe and glenn youngkin. what the results mean for the midterms next year, right here. meanwhile, markets this morning are fractionally of moving, futures pulling back. the fed is expected to announce the beginning of its tapering tomorrow. dow industrials down 4 points, s&p 500 lower by 2. this after stocks reached record highs yesterday boosted by strong earnings and confidence in the economic recovery. at the close, the dow industrials were up 94, nasdaq was up 97 and s&p 500 higher by 8 and a quarter.
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best perform, the nasdaq up two-thirds of a percent. the eurozone, we see the ft 100 in london lower by 33, cac in paris up 20 and dax index higher by 73. one-half of 1% higher in germany. in asia overnight, markets finished mostly lower, south korea leading the gapes, the kospi -- gains, the kospi index up better than 1%, shanghai composite down better than 1%. "mornings with maria" is live right now. ♪ maria: now some of the top stories that we are watching this morning. p president biden in scott happened announcing a set of new initiatives aimed at protecting global forests, spurring clean energy innovation and reducing methane emissions during today's
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united nations summit, the president making waves yesterday for you apoll guying shall -- for apologizing on america's behalf for leaving the paris climate accord and for dozing off. >> this is a challenge of our collective lifetimes, the threat to human existence as we know it and a every day we delay, the cost of inaction increases. so let this be the moment that we answer history's call, here in glasgow. maria: the climate summit also highlighting the divide between developing and developed nations as leaders argue over which countries should shoulder more of the burden for further emissions reductions. china, the biggest polluter of all, did not show up to the conference. back in the u.s., meridian automotive speaking a valuation just above 60 of billion dollars $60 billion.it plans to sell shn
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57 and $62 a share. it is being backed by companies amazon, ford, cost enterprises among others. amazon disclosing last week it holds a 20% stake in that company. its valuation would make it more valuable than fellow you automar honda. american airlines canceling hundreds more flights next week after 1900 cancellations this weekend. thousands of passengers remain stranded as the airline grapples with staff shortages while blaming bad weather for the cancellations. thousands of first responders are leaving the job because they say they don't want to take the vaccine. the company hopes to make up the losses. the stock this morning as you can see, down about 1%. the cdc could green light the
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covid vaccine for kids as young as 5 years old beginning today. an fda panel authorizing pfizer's lesser dose shot last week, if the cdc agrees on it, vaccinations for children 5-11 could begin by the end of the week. the former hud secretary and neurosurgeon dr. ben carson weighed in on this on sunday morning futures. >> the fact of the matter is, the mortality rate for children from covid-19 is 0.025 which is very similar to the rate for seasonal you flu. seasonal flu and we haven't been for years and year going through all these things for seasonal flu. plus, we don't know what the long-term impact of these vaccines is. so this is really sort of a giant experiment. do we want to put our children at risk when we know that the risk of the disease to them is relatively small but we don't know what the future risks are? why would we do a thing like
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that? makes no sense whatsoever. maria: pfizer's vaccine has been authorized for use in older children. markets this morning waiting on the fed, we're looking at a decline at the start of trading. it's fractional, following another record setter to kick off the month of november. the dow industrials are down 20 points, s&p lower by 3 and a quarter, nays a dabbing down 25 -- nasdaq down 25. yesterday, the dow briefly jumped over the 36,000 mark, that's the first time that happened. the nasdaq and s&p 500 also closed at record highs. the nasdaq now at 15 you 15,595t 4613 at the close yesterday. investors will be looking ahead to the federal reserve as the fed's november meeting kicks off today. the central bank is expected to approve plans to begin tapering back its stimulus while investors look for where the fed stands in terms of inflation and what that means for interest rates. another big day of earnings this morning, we've got dupont, pfizer and a t-mobile reporting
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their quarterly numbers today. we'll get you those numbers as they hit the tape. joining me now is penn capital chief investment officer, eric green. also joining the conversation is joe concha and strategic wealth partners be president and ceo, mark tepper. eric, kicking things off with you. what do you make of the fed meeting? do you think this is going to be as important as so many have talked about, p given we will hear the beginning, potentially, of the fed slowing down that bond buying program. >> sure. this meeting is going to be similar to the last meeting. a lot of this has been foreshadowed. we expect them to taper. we don't expect any major surprises, maybe slightly a little bit more on the tapering may come a little bit early because we have had much better economic data in the last week or two, also had earnings that have been strong and employment
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numbers are likely to come in pretty strong on friday. maria: okay. what about oil? when you look at inflation, oil prices are now pretty much holding steady, well above 80 plus dollars following opec under-shooting the pace of output increases in october. we've got crude oil at 8379, chinese refineries are boosting their own outputs to prevent a diesel shortage. joe biden canceled the xl pipeline, we've got prices being talked about in a number of investment banks yesterday, goldman said the bull case is in in place. what does that mean for the broader macro story? >> we think oil prices are going to at least stay where they are if not go higher. the supply, demand situation looks extremely favorable to oil of. the last time around the u.s. producers started to -- they raised a lot of money and every-produced very quickly. this time around investors lost
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a ton of money and they're basically telling the major u.s. producers that you need to return capital rather than go out and produce a bunch of oil. some of the things that a are happening in the transition to alternative fuels, definitely it's preventing more oil from being produced around the world, projects that would have goten done are not getting done and opec is fine with the prices up here especially when biden talks about going to europe and trying to find ways to reduce the demand for oil. i'm not sure the middle east is going to be real cooperative about releasing more oil into the system. maria: yeah. i'm sure you're right about that. what about the spending plan, the negotiations at a fever pitch. west virginia senator yesterday, joe manchin, accused the democrats of playing shell games with the cost of the buy p den social spending bill, -- biden social spending bill, they're trying to say it's $1.85 trillion because the massive federal programs go away in one year.
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nobody is expecting them to go away in one year. his big concerns are inflation and the price adding to the national debt. is that going to be an issue for investors? >> i do think ultimately something will get done. p manchin definitely has -- he's pulling the strings right now and likely something will get done at some point. market i believe has -- is factoring in a deal getting done at some point. we should see something from an economy standpoint and inflation standpoint. this adds to some of the price pressures potentially with more money being spent. a lot of this has been factored in and expect that the markets will be okay with it. we are in a very positive seasonal time, earnings are coming in a little bit better than expected and you're starting to see some of the risk on small cap stocks are doing better. they had a great day yesterday. we expect that to continue for the next few months. maria: so you're a buyer of stocks. >> yes.
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maria: eric, it's great to have you this morning. thanks so much. >> thank you. maria: eric green joining us this morning. your morning mover is avis, the rental car company reporting better than expected third quarter sales, the stock up 6 and two-thirds percent. they are seeing strong demand as revenue per day and rental days increased in a year ago, also increased the share buyback program by a billion dollars. we are just getting started this morning. coming up a new poll shows how many democrats do not want president biden to have a second term. they don't want him running. and then senator manchin slamming progressives' economic agenda. tennessee senator bill haggerty is here this morning. plus, virginia's gubernatorial race coming down to the wire. california congressman kevin mccarthy will join us, we'll hear his take on all of this heading into 2022 and 2024. don't miss a moment of it. you're watching "mornings with
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maria" live on fox business. (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. ♪ ♪ ♪ ♪ ♪ ♪
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maria: welcome back. nearly half of democrats want a candidate other than president biden to run in 2024. according to a new poll, 44% of democrats and democrat leaning independents think they have the best chance of keeping the white house with a different candidate. 36% say they keep biden at the top of the ballot. 50% of republicans and gop leaning independents believe former president trump gives them the best chance of winning the 2024 election. mark tepper is here, joe concha is here. guys, what do you think? mark, kick us off here. >> so look, of course the chances are better that the dems keep the white house if biden's not on the ticket. i also have a better chance of
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winning the mega millions if i buy two tickets instead of one. let's face it, it's not going to happen. sleepy joe's back. we all saw the video of him sleeping through the climate change meeting. and i really shouldn't be joking about it because it's actually a very sad look for our country when our leader is snoozing in important meetings. he's clearly unfit to run the country. yes, joe biden is an issue for the democrats. he was elected a year ago and he he's really done nothing over the course of the past year after promising everything under the sun. his political capital is fading. there are deeper rooted issues within the democratic party. we heard joe manchin's pushback on the reckless build back better spending plan. progressives are holding everyone hostage by refusing to ink the bipartisan deal without the green new deal being part of it. watch the elections in new jersey and virginia, there's a 90% correlation with the shift
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in voter preferences in virginia to next year's midterm elections. so i think the shift is underway. maria: yeah. joe, you saw that poll a couple days ago that we're pushing pete buttigieg forward. his he donors are saying we should put him at the top of the ticket. they too want biden out for the next run. >> i wonder what that's based on exactly versus pushing pete buttigieg. at last check there is a supply chain crisis that the transportation secretary has almost zero interest in solving. he's talking about paternity leave and universal pre-k if you look at his tweets but he has yet to visit a port city. so if we're going to base him on performance, it's interesting that he's the guy that's going to come off the bench. that's a very, very not so deep bench, believe he me. when you look at presidential elections, overall approval of a
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president is important. elections usually come down to eight or nine states. president biden is underwater in these states. we're talking double digits underwater. his coat tails are non existent. it's so bad for biden, recent news poll found that 37% of democratic voters want biden to run again in 2024 while half of democrat say the country is on the wrong track. remorse is very real right now. maria: joe, you know who you never hear about when you're talking about biden's successor, kamala harris. nobody is talking about kamala harris. of course we've got pictures as mark mentioned, president biden getting a little shut-eye during the opening remarks of the climate conference in scotland. the president dozing off until an aide was able to snap hick back to attention. nbc news senior white house
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reporter kelly o'donnell called the cat nap a political obstacle before defending it. watch this. >> it is also true that the hours are long, the time differences are real, and the president has kept a rigorous schedule over several days, having lots of meetings and appearances and speeches and quite a late night last night. maria: the hours are long, joe. >> yeah. i'm sure if the previous president trump ever fell asleep during any conference they that nbc news would be defending him. well, it was a long night and things go on for a while. i don't see anybody else asleep, if everything is so horrible with the schedules and listening to speeches. as mark said a bad look for the country. sleepy joeys indeed back. maria: when we come back, no
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deal for democrats, despite all the smoke and mirrors and the theatrics last week. senator manchin says he will not be pressured into a reconciliation vote. he's slamming progressives for holding the infrastructure bill hostage. we're going to get into it when we come back. climate hypocrisy on full display, amazon founder jeff bezos calls climate change the planet's biggest threat. that didn't stop him from taking a private jet to the conference. we'll get into it in this morning's hot topic buzz when we come back. stay with us.
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the bipartisan infrastructure bill, holding that bill hostage is not going to work to get my support of what you want. maria: joining me right nows is tennessee congressman and house financial services committee member, david kostoff. congressman, it's great to see you this morning. thank you very much for being here. where are we on this. do you expect we'll get a vote on either of these bills this week? >> the democrats keep threatening that. listening to what senator manchin said, he's exactly right. i mean, the word is that we could vote on a bill like this wednesday or thursday. and i say that to you, maria, we have not seen the bill. we have not seen any text. and so if in fact we vote wednesday or thursday this week, a lot of members, virtually every member will be getting a 1,000 or 2,000 page bill that
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we'll be asked to vote on within hours. to senator manchin's point there's a lot of things that need to be done when you talk about a bill of this size, whether you're going to vote for it or not and one of them is getting the score from the congressional budget office. let's see what things actually cost, what the debt's going to be, what it's going to cost to pay for it and we won't know any of that if in fact the democrats rush this process like they're talking about doing. maria: yeah. i mean, i was happy that joe manchin really called them out for a lot of these really what he said was shell games and we've been reporting on that for weeks now, the fact that they're trying to come up with this number of under $2 trillion by making believe the federal programs are going to go away. in fact, when you look at this over a 10-year period, the reconciliation plan is close to $4 trillion without saying that the child credit is going to go away in one year. what's your take on the you true
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truecost of this reconciliation package? well, it's going to be huge. to your point exactly, we don't know what it's going to cost. not only are you talking about the reconciliation bill, but remember we're also of talking about the infrastructure bill. so in theory, if those two bills were to pass, you're probably talking about 4 to 5 to $6 trillion, with a t. this is massive spending. and the fact of the matter is, whether you're a republican, whether you're a moderate democrat, frankly whether you're a progressive democrat, i think that you owe your constituents the right and the duty if you will to know what's in the bill, to know what it's ultimately going to cost which means it's needs to be analyzed and you we need a congressional budget office score. maria: you don't have a score so you how can you vote on something. i think the op-ed really nailed it. it says manchin nailed the
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progressive hostage strategy and it says, look, mr. biden told the senators that the two bills were separate and that wasn't true. twice he made clear they're actually linked. house republicans ought to make the democrats pass the infrastructure bill on their own of with their own votes. if the progressives want to kill it, that's their choice but they shouldn't be able to use gop votes to ease their way to passing the largest expansion of of government in decades. this infrastructure bill, what, is 11% infrastructure. so do you think that actually is going to get separated or are the progressives going to keep going? will you vote for this infrastructure plan? >> no. and i think you're going to take president biden at his word, no, i won't vote for it. he linked the two bills together. he has come to capitol hill twice including last week and said the infrastructure bill and this massive social reconciliation bill, they're tied together. they're linked together.
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and so beforehand, if there may have been 10 to 15 to 20 moderate republican congressmen that were going to vote for it, i think there will be far fewer that the democrats can he depend on, far fewer republicans that will vote for the infrastructure bill because biden and pelosi have linked those two together. maria: and congressman, over the weekend you and your fellow republican members signed a letter, demanding answers about this proposal to pay illegal migrants $450,000 a head. what the heck is going on? are they seriously thinking about giving a million dollars per family to people who broke the law to breach our country, 11 republican senators are calling on the president to halt talks of these settlements. what can you tell us? >> maria, it's real. and it's totally within the discretion of the biden administration to make these payments. so when you're talking about almost a million dollars per family for people who have
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illegally crossed our border, it's ludicrous. and you think about it. what does that say to people who are lawfully trying to become citizens of the country and to immigrate to this country. it's a terrible mixed signal. it really concerns me you're going to see strong congressional opposition to the biden administration trying to make this deal but ultimately it's the decision of president biden whether those payments are made. maria: wow, that's unbelievable. congressman, thank you very much. of course if anybody hears they can potentially get to america and get money, that's only going to increase the number of people coming here illegally. david kostoff thanks for your leadership on that. we'll be watching. quick break and no climate commitment from china, beijing, the world's worst polluter of all, but president xi jinping is a no-show at the climate summit.
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general jack keane is here on the message that sends to the world. stay with us. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪
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maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, november 2nd. a look at a markets this half hour, where futures are pointing to a fractionally lower opening at the start of trading this morning. we're waiting on the federal reserve, dow industrials down 8 points. s&p 500 down 2 and three quarters, nasdaq lower by 28, pulling back from all time highs reached yesterday. the strong earnings news that we had, confidence in the economic recovery sent the major indices to once again new record highs at the close. dop industrials were up 94, nasdaq up 97 and s&p 500 up 8 and a quarter, beginning the new day in unchartered territory. european markets are mixed. take a look, fractional moves across the board in the eurozone with the ft 100 down 37, dax higher by 78 and cac up 25.
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in asia overnight, markets finished mostly lower, kospi index up better than 1%. back in the u.s., a grand jury in new york indicting disgraced real estate heir robert durst for allegedly murdering his wife 39 years ago. cheryl: this coming after he was convicted of murdering his long time friend, susan berman. prosecutors argued he killed his friend because she was about to testify to authorities that she provided a fake alibi. he was sentenced for life in prison. his first wife disappeared from their new york home back in january of 1982. she was 29 years old. her remains have never been found. she was declared legally dead in 2017. well, breaking news this morning, dupont is making a
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billion dollar move. the famed chemicals company will acquire rogers corporation. they're an electronics materials specialist, for 5.2 billion. dupont which makes construction materials, fiber for bulletproof vests, planning to sell a large portion of their mobility segment. dupont reported third quarter earnings, net sales 4.3 billion, an 18% jump year over year. they're currently valued at $36 billion. looking at the stocks right now, dupont is down which you would expect in a deal this size but rogers in record territory. up almost 30% on this news this morning. well, amazon is easing its mask wearing rules for u.s. employees, starting today fully vaccinated warehouse employees no longer need to wear a mask at work until it's required by state and local law. those who want to go maskless have to show proof of vaccination. amazon is the second largest private employer in the country.
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they have not mandated workers be vaccinated. despite that eo from the biden administration. right now, amazon is actually flat in the premarket. and finally, how about a side of t bitcoin with that. burger king teaming up with robinhood to offer loyalty members the chance to win a side of cryptocurrency, it could could be dogecoin, ethereum or bitcoin. if you use a code, it rewards you with crypto. you better hurry. only runs until they've got the prizes that run out. bitcoin is above 63,000. there's ethereum and light coin. those are your headlines from here. back to you. maria: thank you so much. we are zeroing in now on china. chinese president xi jinping givenning only a written statement to the climate summit. owe urged developed countries to do more and wrote, quote, we
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need to uphold multi lat trail consensus when it comes to global challenges such as climate change. multilateralism is the right prescription writes xi jinping. china is the world's largest polluter, contributing 27% of total global emissions, far outweighing the united states at 11%. joining me now is fox news strategic analyst, general jack keane. it's always a pleasure many thanks very much for being here. it's interesting that xi jinping doesn't leave china very much anymore. why do you think he skipped the climate summit? >> well, certainly i think the fear of covid has certainly gotten to him, despite vaccinations and the fact that you can be tested and test people that are going to be around you which is really what most of the leaders in the world are doing now, who are willing to meet in person, certainly, knowing full well that in-person
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meetings are considerably more beneficial than anything done on zoom or virtual meetings and certainly better than just sending a message. i think it underscores some of the challenges that president xi is facing. first of all, the hypocrisy on climate change and being for it and yet now, right now, -- because demand for electricity in his country is outpacing the supply and what is he doing? he is reopening coal fired plants and building new ones every week. but he has to reopen the old ones because the demand is so high and he's going to put his economic self interest ahead of the world's needs every single time for sure. because he needs to have a stable economy, maria, for the chinese communist party to stay in power. that economy has to grow, has to add to the quality of life of the people or he will have problems with those people themselves. i mean, this is a closed society
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as we have said and a he has a strangle hold on the people in that society and at the end of the day, he's ruling by repression and force but if 1.4 billion people reject that regime, believe me, they will have major problems staying in power. so he's these are serious decisions that he is making and reveals kind of who they really are. maria: right. which is why i don't believe that they're ever going to keep any promises on any climate agreement with the united states. it feels like this administration is going to great lengths to ignore the bad behavior and the genocide going on in that country on the idea that they're going to keep some promise. they're not going to keep the promise. they need coal plants. they're buying more coal products right now. but i want to get your take on this threat forcing taiwan to boost reserve force training. the country's defense ministry said it will be doubling down on
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combat and shooting exercises as china increases military activity near the island, general. i was looking earlier at how much the world depends on taiwan when it comes to semiconductors. i mean, semiconductors obviously critical components that power electronics that we all need from cars to computers, et cetera. and taiwan come of enates the dy market, accounting for more than 60% of total global foundry revenue last year. is that one of the reasons that most people do expect china to make a play and reunify taiwan? what are your thoughts on all of this, this military activity near the island, what the the u.s. is doing as well. >> well, president xi has made an objective of his regime to -- for reunification, to take control of taiwan. he believes right now that it is a province of china with the one
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china policy, two systems, so-to-speak. but he is expecting that taiwan will capitulate. there's no indication that that's going to happen. and if they don't, he's obviously -- and we're well aware of it, he's threatening the use of force and certainly taiwan, they want taiwanese people united with china, certainly incidental to that and important to them is the fact that taiwan, as you mentioned, is a very high technology platform itself. it is the producer of the number one producer in the world of semiconductors, so much so it overwhelmingly dominates the marketplace, plus other technology as well. and most significantly, geopolitically, this is a thriving democracy, certainly, and the united states has huge identification with as does the other democracies in the world. but the other thing that's happening here, we have to recognize it, you mentioned
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taiwan's military. there's much they can do to improve themselves. this is a step in the right direction. they only do four months of service in the taiwanese military. that should be a year or two. they should get closer to the israeli model where their active duty forces serve longer in terms of conscription and reserve forces are well trained. that's not the case in taiwan but they're moving in the right direction. the challenge we have here is the taiwanese military is no match for china's military. that's understandable. so what is this really about? why are they increasing their he defenses? because what they can do and they recognize it and the united states recognizes it, they can impose cost on any military invasion, slow down that invasion to enable the united states and our allies to get into the fight. that is the military strategy that's ongoing in taiwan.
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that is why we're up-gunning them with additional capabilities, missiles, anti-submarine mines, also f-16 advanced aircraft. that is an important ingredient to re-establish the military deterrence in the pacific region that a has eroded largely and most specifically because of the u.s. loss of capability in the region which we're trying to put back together as quickly as we possibly can and believe he me, we are still behind. the balance of power in that region, maria, as you know, has shifted militarily china. that is a fact and it's undeniable. they also eventually want to be the number one military globally in the world. that's not the case now. but in the region, it certainly is the case in terms of available forces in that region. maria: well, they're working on it. especially with that strengthening navy in china. general, fantastic points. thank you so much.
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good to see you, sir. general jack keane this morning joining me where we'll take a short break. when we come back it is election day in virginia. the race between giewb that forl candidates glenn youngkin and terry mcauliffe down to the wire. tune into fox business prime time tonight, american dream home with cheryl casone will start at 8:00 p.m. eastern, followed by mansion global with casey mcdonald at 9:00. you're watching "mornings with maria" live on fox business. stay with us. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire.
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with amerisave's consistently low mortgage rates, your little girl can go wherever her dreams take her, like toward a career in the ethics of rhythm and movement. anyway, good luck with that, because amerisave can only help with the part of the dream you can buy -- with money. maria: welcome back. virginia voters headed to the polls to chias their next governor. what the result of the race means about next year's midterms. we're back in two minutes' time. stay with us. your six, limu. they need customized car insurance from liberty mutual so they only pay for what they need. woooooooooooooo... we are not getting you a helicopter. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ today, your customers want it all. you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds.
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don't you get seasick? we'll find out! come on. and i earn 3% on dining including takeout. so much for catching our dinner. some people are hunters. some are gatherers. i'm a diner. pow! earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. maria: welcome back. the polls are open in virginia, voters are headed to the polls to decide their next governor and education is a key issue. >> the main reason folks i'm running, i want to build the best education, i want every child to have a world class education in the commonwealth of virginia. >> parents will have choice in our public school system. we will not have a political physician also phi in the -- phy in the classroom. i will ban critical race theory from being in our schools. maria: the lastest poll of shows republican glenn youngkin at the frontrunner. joining me right now is former
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senior advisor to the clintons, the stagwell group managing partner, mark penn. i can't wait to hear your thoughts on this race. it is 371 days until the 2022 midterm elections. what do you think happens in virginia and tell us how you see this impacting future races like the congressional races in '22 and be presidential in '24. >> well, right now if terry mcauliffe does win, that would be the upset. because i think everybody has seen this kind of rise in youngkin and, you know, he's poised for victory. he's got the crowds, he's got the momentum, he's got the poll ofs going in direction. terry seems to have adopted a weak strategy in response. he tried to nationalize the race, make it against trump, bring in biden and vice president harris rather than kind of focus on the local
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issues whereas youngkin is talking about grocery taxes and education. i mean, it looks like a pretty sure thing for youngkin. us pollsters have been wrong before. maria: so a maris national poll finding 44% of democrats and democrat leaning independents want a candidate other of than joe biden to run in 2024, mark. you saw the numbers. what do you make of this? >> well, president biden is in conservatively speaking big trouble. i mean, i think that there's no question, this poll and our poll, the president's numbers have he deteriorated from 60% to around 40%. the entire kind of swing electorate, particularly the independents, have swung against the president, they've swung against him on afghanistan, particularly on the economy, on terrorism, on immigration. i mean, this is a white house in trouble. and unless that that trouble is remedied, you're looking at 50 or more seats in the midterms in
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play. and i think the virginia race is representative of that. it was a 10 point margin for biden just a year ago. wow, how things have changed. maria: so if youngkin wins virginia, do you think that does change the outcome of 2022? does that give the republicans even more momentum? and what a about '24? who would you say is biden's successor? who would run, if not biden? >> well, i think of course if youngkin wins it shows that even a 10 point margin can be overcome with a good campaign and a good candidate and that is going to send shock waves. i started to work with president clinton after the '94 elections wiped out the democrats. i think youngkin is a canary in a coal mine in terms of what's
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going on. i don't think biden is going to run for re-election. i think harris is likely to be the nominee. maria: thank you so much. we'll be right back. ♪ (vo) reflect on the past, celebrate the future. season's greetings from audi. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do.
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maria: welcome back. time for this morning's hot topic buzz. hypocrisy in full view, fox news obtaining photos of jeff bezos' private jet arriving in glasgow, scotland for the summit on climate change, after he was quoted on saying that climate change is the biggest threat to the planet. joe concha, bezos' private jet was one of 400 jets in town for the summit. do they not recognize what this is saying when they're pulling up in their private jets and, you know, joe biden is parading
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around rome the other day with 85-car motorcade. >> yeah. the blind and tone deaf leading the blind and tone t and tone d. the best part is that the climate czar is john kerry who takes private jets to places where he doesn't have to take a private jet to and he's supposed to lead by example. you remember obama palooza in august where you had hundreds of people in an indoor tent maskless and john kerry flew a private jet to martha's vineyard. you could take a boat there. he couldn't do that whether it's kerry, whether it's the 85 car motorcade, whether it's bezos, they're all hypocrites and the world is laughing at a them for not acting the way they should if they truly cared about the issue. maria: yeah, mark tepper. mark: yes. so, look, this isn't the first time we've seen this level of
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hypocrisy. it's a do as i say, not as as i do. i'm not going to give up my private jet because i earned it but i need everyone else to do their part so i don't have to. kind of weird. where's china? they've been a no-show. and i think as far as corporations go, as we're talking hypocrisy in china, corporations need to distance themselves from china. it's interesting that companies will get all woke about equity in the u.s. while their shoes are being made by slave labor in asia. it's weird. so -- maria: yeah, good point. quick break and we're talking crypto in the word on wall street. we'll be right back.
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maria: welcome back. good tuesday morning, everybody. thanks thanks so much for joining us, i'm maria bartiromo it is tuesday, november 2nd. your top stories, 7:00 a.m. on the east coast. senator joe manchin digging in his heels on the democrats'
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planned out-of-control spending. as we told you last week there was no agreement on spending. a new way to push the deal by calling it a framework. manchin saying he cannot support the multitrillion dollar framework, calling it a recipe for economic crisis. >> i for one won't support a multitrillion dollar bill without greater clarity about why congress chooses to ignore the serious effects of inflation and debt they have on our economy and existing government programs. it's time our elected leaders in washington, all of us, stop playing games with the needs of the american people and holding a critical infrastructure bill hostage while there's opportunity in the reconciliation bill that we can all agree on. maria: manchin says tying the $1 trillion infrastructure bill to reconciliation will not work in bullying him to sign it. we're on it all morning long. it comes down to this, it is
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election day for key gubernatorial races in virginia and new jersey. we will focus on where voters' heads are standing and where their hearts are as they head to the polls. markets this morning are mixed, take a look. we have seen a pretty good reversal of fortune the last few minutes, dow industrials in positive territory, further into record territory. the dow industrials up 15, s&p 500 up a fraction, the nasdaq is lower by 25 and-a-half, this ahead of day one of the federal reserve's two-day meeting where the fed is expected to announce the beginning of its tapering back of stimulus plans tomorrow. yesterday, all three major indices finished in record territory, boosted by strong earnings. so we begin the day in unchartered territory after the dow gains 94, nasdaq up 97, s&p 500 higher by 8 and a quarter. let's check european markets this morning, here too it is a fractional moving day, but here we are looking at a mixed story, ft 100 is lower by 31, cac is up 30 and dax is higher by 81. in say say overnight, -- asia
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overnight, markets finished mostly lower, the best performer was the kospi up better than 1%. "mornings with maria" is live right now. now some of the top stories that we are watching this morning. president biden in scotland announcing a set of new initiatives aimed to protect global forests, spurring clean energy innovation, reducing methane emissions during today's united nations climate summit. the president making waves yesterday for apologizing on america's behalf for leaving the paris climate acord and also for dozing off during the meeting, despite hyping climate change as a threat to humanity. >> this is a challenge of our collective lifetimes. the existential threat to human existence as we know it. and every day we delay the cost of inaction increases. so let this be the moment that we answer history's call, here in glasgow.
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maria: the climate summit also high lighting the divide between developing and developed nations as leaders argue over which countries should shoulder more of the burden for further emissions reduction as we have reported, china the biggest polluter of all, did not show up to glasgow. back in the u.s., rivian ought a motive is seeking a valuation over $60 billion in one of the most anticipated public offerings of the year. the electric vehicle start-up plans to sell shares between 57 and $62 apiece. it is backed by amp son, ford and cost enterprises. amazon disclosing it holds a 20% stake in the company. the valuation would make it more valuable than honda. the shares as you can see, honda at $30.41 apiece, the shares of rivian will start trading on the nasdaq next week. american airlines canceling hundreds of additional flights
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yesterday after nixing 1900 over the weekend, thousands of passengers remain stranded as they grapple with staff shortages, blaming bad weather for the cancellation. had they hope to hire 4,000 employees in the first quarter. thousands of first responders have walked off the job in big cities saying they won't accept a forced vaccine. american airlines shares are down a third of percent. bank of america planning to set up a securities firm in china, had they plan to submit applications for licenses allowing it to trade and underwrite stocks and bonds as well as hedge risk you according to bloomberg. here's what ceo brian moynihan told us two weeks ago when he joined me and i asked him about doing business in china. >> we are in china today with a team that does corporate investment banking with markets in hong kong and mainland china. we're hoping the largest companies in the country do things and we're helping american companies and companies from europe and the rest of the world do things in china. that's our business model
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frankly anywhere outside of the united states. maria: back in august, jp morgan got the green light from the ccp to become the first foreign owner of a brokerage in china, while in october goldman sachs received approval from chinese regulators to take full control of its mainland securities business, the ccp giving wall street honey pots. we are watching a key match-up in new jersey this morning, democratic governor phil murphy facing off against republican challenger jack sitorelli as voters head to the poll is this morning. lydia hu is in east rutherford, new jersey. >> reporter: the polls opened just about an hour ago. earlier this officer democratic governor phil murphy enjoyed a double digit lead over his challenger. in the final weeks of champagning, he has chipped away at the lead over -- that murphy
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enjoyed, significantly narrowing the lead. the issues driving the gubernatorial race in new jeer y include the economy and mask mandates. that's why this race is garnering a lot of national attention. what happens here today could be a bellwether for the midterm elections. >> what we see in new jersey is what's going on at the base, at the baseline of the democrats versus the republicans. and that i think is going to tell us a lot about what our starting point is in those 2022 congressional midterms. >> reporter: responsible registereddemocrats outnumber rd republicans in the state by 1 million voters. even if governor murphy wins
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re-election, if citarelli was able to narrow the margin of victory, that would be a good sign for republicans heading into the midterms next year. maria: all right, lydia great to see you in east rutherford this morning. we'll be watching this race. i'm joined by joe concha and mark tepper all morning long. joe, lydia makes the point that chitarelli has been focused on local issues just the way glenn youngkin has been focused on, things like school, grocery taxes rather than the opponents focused on, you know, federal or national issues and trying to tie them to trump. your reaction? jack: yeah. and this race in new jersey and i live in new jersey has not got even -- i won't say a fraction but it hasn't gotten much attention from the national media compared to virginia which you a hear about seemingly in
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every segment, yet jack chitarelli seems to be chipping away at the huge lead that phil murphy has. the president's coat tails are nonexistent. he's not polling well anywhere including in new jersey. that has to hurt one would think the i'm. incumbent.1977 was the last tima democratic governor that got to a second term. so when a democrat wins they don't tend to hold onto power. jack chitarelli has a puncher's chance. youngkin in virginia has run a perfect campaign you have to say in perhaps winning that race, that's a toss-up. youngkin has all the momentum there. chitarelli, we'll see. probably phil murphy hangs on,
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but barely. maria: we'll be watching that one. we've got much more ahead this morning, focusing on the federal reserve, the bounce in big tech and the latest star athlete to ask for his salary in cryptocurrency. the word on wall street is next. plus, tennessee senator bill haggerty will join me to react to joe manchin's blistering critique of the democrats' revised spending bill. next hour we talk with house minority leader kevin mccarthy with his take on today's gubernatorial elections, was the results mean for the 2022 midterms and beyond. then a cup of joe exclusive, the ceo of black rifle coffee company making an announcement you'll hear first right here on this program. don't miss a moment of it. you're watching "mornings with maria" live on fox business. ♪
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maria: welcome back a. time for the word on wall street. top investors watching your money. joining me right now is senior vice president and senior portfolio manager, bryce doty, mark tepper and dennis guardedman. great to -- gartman. thank you for being here. we have a market that is fractionally moving, small caps outperforming this morning. let's start with the federal reserve kicking off today the two-day meeting as inflation soars, the central bank expected to announce the beginning of its tapering tomorrow, scaling back bond purchases this month. i want to get your thoughts on what to expect here from the federal reserve. i'll tell you right now that
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cornerstone macro has a note out this morning and they expect tapering to proceed at a pace of $15 billion a month which implies the duration of eight months. do you think we'll hear details tomorrow? >> well, regarding the tapering, it's been the fed who cried wolf. they delayed meeting after meeting he despite the huge demand from consumers and businesses but now we think we're finally going to hear some concrete details. so yes, i think now if powell feels like he's got the reappointment locked up and you see janet yellen continue to support him, to us that was the last thing we need to see before we knew that tapering was going to be real. jerome powell did not want to risk another taper tantrum before getting reappointed and i agree with that kind of pace. i think they kick it off in january, so we'll get details tomorrow but they'll probably start the tapering in january and end in july or august and a
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then immediately thereafter we're expecting a rate increase. maria: okay. that's what i was going to ask, when would rates go higher. so you think rates go higher, what, first quarter, first half of 2022. >> exactly. so the market's always anticipating. immediately, 30 year yield may come down a bit, a huge relief that they're aware that inflation is more persistent and just on fire, okay. so that will maybe cause some relief but immediately the short end goes up. everyone moves forward when the rate increase is going to be. whether they taper or not, inflation is going to continue to persist. the supply chain issues are getting worse and worse. so all rates across the whole board will start to go up in the first quarter. maria: okay. well, i want to look at big tech, speaking of inflation. we see the nasdaq coming off of its best month since november,
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up more than 7%, dennis. i know you're bullish on ibm right now. it's spinning off of its infrastructure services business and that deal is supposed to close this week. why do you like big blue? >> the only reason i like ibm is from a technical perspective. it's down 25 or 30% in the course of the last month and-a-half. it's fallen precipitously. it did an outside reversal day yesterday. i find those to be very important when they occur. it gives you a good point at which to measure where your risk is. it's the first time in a long time that i've had had any of interest in ibm and given the almost 6% yield, you have to take a shot at saying i'll own it at 126, i'm wrong if it goes to 124 and-a-half. it's a small risk. i think it goes 25 or 30% higher from here. it's about the only thing i'm interested in. trading only for my own account. i came out of energy over the weekend. i had calls written against exxon mobile and chevron.
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they got called away on friday. i'm going into ibm quietly for the first time in a long period of time. maria: that's a big call, coming out of energy. we've got some firms talking about oil above 100 at this point. but you're taking your chips off the table here. >> i'm taking my chips off the table. look at the fact that brent is trading parody to wti. wti is probably 3 to 4 to $5 a barrel too expensive given the relationship to brent over a period of time. i think we may be able to take energy a little bit higher. watch the term structure. we're still in an inversion, we're in a backwardation. it's begun to narrow. everybody has become bullish of energy over the of past month and-a-half. i'm taking chips off the table. no big move, but moving out of energy and a moving into ibm for the first time. maria: i like that contrarian position.
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speaking of going higher, mark, let's look at oil and crip he toe. crypto is on fire. aaron rodgers the latest athlete to take a leap into crypto, partnering with kesha, converting part of his nfl salary into bitcoin. what do you think about this in terms of the impact on crypto? >> i think it's bullish. you know, it's pretty interesting because now you can add aaron rodgers to this growing list of athletes who want to be paid in crypto. you saw this with tom brady, saquon barkley, they're getting a portion of money paid to them in crypto. i think for all the inof vesters sitting at home right now, let's keep something in perspective. aaron rodgers has made over 260 million in career earnings. so that's his permission slip to bet on the come as relates to crypto and he can invest a portion of his money there. personally i think creep toe isa
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nice diversion play in the right account. if you're in middle america, don't go to your boss and ask him or her to be paid in crypto. it's a risk on speculative play, treat it as such. figure out how much you're comfortable losing, whether it's 10% or 20% and keep it there. stay disciplined. maria: i did a poll on twitter about people's favorite crypto gaming coin and boy oh, boy are there a lot of them and i got a lot of answers around axi infinity, so many coins. thanks, gentlemen. great to see you all. bryce, dennis. mark, we're happy you're staying with us all morning long this morning. when we come back, the long-lasting effects of the chaos in kabul, a afghanistan. i'll be speaking with one relocated refugee. he says he still can't find work in the united states. he's been here for months. stay with us.
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nearly 95,000 afghan refugees are expected to settle in the united states within the next year. rafi amiri is one of those refugees, dropped off in nashville with $20 in his pock t pocket. he joins me right now. rafi, thanks very much for being here. walk us through your story. >> good morning, maria. thank you. and, yeah, this is rafi amiri and i am very happy to be here and thanks for all the military members for their service. so i am here because of them and right now i'm living in nashville so i can on the 25th august i spent 40 days on a military base. right now i'm just looking for having a job. the problem is the paperwork and
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work authorization and i'm just stuck with that. so i just hope that the u.s. government pays attention and helps right the process for all the afghans because all the afghans are young and they want to work. so i think they should contribute to society and do their part, responsibility for the new society. yeah. maria: rafi, tell us a little about what it was like in afghanistan. we continue to see stories and reports of trained afghan spies and soldiers left behind after the botched withdrawal and now they have joined isis. there are reports that there's a feeling among terrorists that jihad has won, america has lost, and they want to join the fight. do you think that's true?
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>> so actually in my opinion it's too hard to say it's true or or false but as we know in afghanistan right now after the collapse of afghan government, so right now the taliban took the control of afghanistan and there is an economic crisis. so people are not able to find money for food. so it might be possible because when you don't have anything to eat and you have a common enemy, perhaps they want to somehow join isis and some have the best opportunity right now because the taliban neither have air strike our good department so they feel comfortable to just
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find the best possible man for the job and those are the people who knows the u.s. and nato forces. maria: rafi, before you go, real quick, can you tell us a little about the taliban and how they are leading in afghanistan, before you left, what did you see in terms of taliban and its treatment of women, its treatment of overall governing? >> so, actually, taliban says that we changed and we are not the same taliban as was of before but right now, as we see and as they have shown in practice, they are the same as back in 2001. so as my family members are there and i know about the situation that the taliban is totally -- they just, you know, they do something in practice to show they are willing to do
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something big or -- they just care about your staff and religious thing, they don't care about people, about women's rights, about freedom of media and about being a free man. they don't care. maria: yeah. right. we didn't think so. rafi, thanks very much. we wish you luck. we will be watching your story as you seek a job here in america. rafi, good to see you this morning, sir. thank you. quick break and then joe versus joe, senator manchin puts his foot down on president biden's nearly 2 trillion dollars in spending. senator bill haggerty is here to take us inside the negotiations. then storm season brings a headache to forecasters in more ways than one. we'll tell you more when we come back. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it.
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take advantage now. maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, november 2nd.
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take a look at markets this half hour on day one of the federal reserve's two day meeting, dow industrials up 13, s&p 500 down a fraction, futures search for direction. but still we are in unchartered territory as the federal reserve starts its two day meeting, the central bank is expected to announce the beginning of tapering of stimulus tomorrow. yesterday major indices finished in record stair tri. territory. we begin today at all time highs on all three major indices, the dow industrials up 94 yesterday, nasdaq up 97, s&p 500 higher by 8 and a quarter. european markets this morning mixed none the less, in the eurozone we have fractional moves across the board. best performer in europe right now is the dax index in germany, up about one-half of 1%. in asia overnight markets finished mostly lower. the kospi index up better than 1%. the shanghai composite in china down better than 1%. we've got breaking news this
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morning, yahoo is pulling out of of china. cheryl casone with details there. cheryl. cheryl: that is right, march a yay. yahoo citing an ins creasingly challenging business and legal environment in its decision to leave china. yahoo now the second well-known u.s. company to leave. last month, microsoft closed down linkedin in there. the departure largely symbolic as the company started pulling services back in 2013. apollo acquired yahoo and aol from verizon last september. apollo down more than 1%. the caravan of migrants heading to the u.s. southern border is slowly shrinking. 3,000 people have completed the 10 day trek but mexican officials say six people including five children have come down with a mosquito borne infection. several kids are dehydrated and have fevers. the weather is impacting people as well, heavy rain trapping the
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group for two days. apple may add a life saving feature to the iphone, a feature that will automatically dial 911 if you're in a car accident. apple has been testing the crash detecting ability of its phones over the last year. they detected more than 10 million sus be expected impacts -- suspected impacts. leading to 50,000 911 calls. no details if they'll move forward with this feature. finally, there is this. tropical storm wanda forming in the atlantic ocean over the weekend striking the last name off the national hurricane center's list of names for 2021. this is the third time in reported history that has happened. each list has 21 names, they're used again every six years. but if the storm is extremely destructive or deadly then that name is retired for good, for instance, katrina. maria, this as atlanta hurricane
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season ends november 30th. it's been a pretty rough one. i was curious, there's never been a hurricane cheryl or of tropical storm cheryl so if they want to use my name, i'm okay with it. they can take it. [laughter] maria: i don't know why. okay. cheryl. funny they run out of names, though. cheryl: there's plenty out there. maria: thank you so much. it's funny. west virginia senator joe manchin criticizing democrats' revised social spending bill and withholding his support of this framework which the white house said would earn the support of every senate democrat. here is senator manchin yesterday. >> what i see are shell games, budget gimmicks that make the real cost of the so-called $1.75 trillion bill estimated to be almost twice that amount. it's obvious, compromise is not good enough for a lot of my colleagues in congress. it's all or nothing. and their position doesn't seem
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to change unless we agree to everything. enough is enough. maria: many people would like to see a vote on infrastructure this week. joining me right now is tennessee senator bill haggerty, a member of the foreign relations committee, appropriations and banking committees. thank you for being with me this morning. can you take us behind the scenes and tell us do you expect a vote on any of this this week? >> i think it will be difficult. as you saw, joe manchin's frustration with this is palpable, something i've been predicting since august of this past year. if you look at what the democrats did and what they've been signaling all along, they created their hostage with the so called infrastructure bill. the whole point of this hostage was to use it as a way to force moderate democrats like joe manchin and kyrsten sinema and others to vote for this massive socialization of america tax and spending spree that they've been talking about. that's been the plan all along, biden signaled it, pelosi
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signaled it. chuck schumer has gone along with it. they're trying to push it through. you've seen the most left members of the house press it hard, linking the bills. this is what i said would happen in august. that's playing itself out. and this is not the way to do business as joe manchin said but this what is they're trying to play. maria: yeah. and you know, it was nice to see some honesty from a democrat, joe manchin, to call out these gimmicks. we've been reporting that now for many months that they say that these programs are going to sunset. we know they're not going to sunset. they're going to be out for 10 years and that makes the bill double the price. it's almost $4 trillion even the scaled back version. i mean, what about this infrastructure plan? do you think all of these gimmicks could change any of the 19 republicans who actually already voted for the infrastructure plan, given the fact that it's only 11% infrastructure. you don't have any acknowledgement of the crisis at the border. there's not a penny to pay for border security in infrastructure. >> i certainly think that's possible, maria. you recall that i stopped the
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infrastructure bill the moment it came out that it was not paid for, that it was in fact over a quarter of a trillion dollars red and in the hole. that allowed five of my colleagues on the republican side to move over and join me, perhaps more would as we get more information about what's in the bills. where we find ourselves particularly the massive tax and spend spree that the democrats are pushing through now is the zone we were in back when awe obamacare came through. you have to pass it to find out what's in it. i think that underscores the frustration that joe manchin was showing yesterday. maria: its was so obvious to me last week with the theatrics, nancy pelosi walk aing joe biden through the capitol and calling it a framework, it was obvious that it was smoke and mirrors, there was no agreement and we don't know what's in it. you recently wrote a letter to vermont senator bernie sanders, you're calling on him to oppose the provisions if the reconciliation bill that would make hundreds of thousands of employment based green cards available. you mentioned in the letter that these provisions would likely benefit big tech the most.
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tell me about that. big tech just wants to hire workers on the cheap. >> absolutely, maria. what this does, i'm sure the corporate lobbyists are thrilled with this, no democrat is coming out to support this, i think one member of the house. what we've seen is basically silence from bernie sanders when we uncovered this. what they want to do is basically he blow the cap off of green cards for a decade and allow permanent residency here in america to bring in cheap foreign labor at a time when i've been back home in memphis, my own state, encouraging young people to get stem degrees. they require technology education. we want to have these jobs for our youth. we don't want to give our youth's future to foreign workers that will come here and work on the cheap. maria: yeah. we're already giving them a whole host of debt to have to pay back, our young people. i'm with joe concha this morning. let me bring him in. go ahead, joe. >> senator, i'm curious to t get your thoughts on congressman or congresswoman, excuse me, cori bush, who says that joe
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manchin's on of significance, this is a quote -- opposition, this is a quote, to a build back better is anti-black, anti-child, anti-woman, anti-immigrant. if all manchin is asking for is how do you pay for this, what's in the bill and what will this do to our debt. how does rhetoric like that, how does this congresswoman think that by saying things like that, accusing a sitting senator of being racist or anti-immigrant, is going to change his mind somehow. i would think if thats was said to you as a senator that would firm your resolve more, not change your mind. >> that's true. it also underscores the fact that she doesn't know what's in the bill. going back to the piece that maria and i just discussed, if you look at the green card provision, blowing the cap off of green cards, allowing unlimited number of foreign workers to come in for a decade to stay permanently hurts the demographic you're talking about. it's taking those opportunities for them to move into stem education jobs right away from
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them. it's going to keep them trapped. if they would read what's in the bill, perhaps they would stop the rhetoric. maria: senator, real quick before you go, i know the democrats are trying to move the goal post. for me, personally, i'm not expecting a vote until at least thanksgiving. but what are your thoughts in terms of when a vote happens and what are the chances that nothing gets done in this economic agenda? >> maria, the more we talk about this bill, the more difficult it becomes for democrats to push it through. i do not think anything happens this week. i think right now today all eyes are on virginia. what you're seeing happen there is a repudiatoino biden's policies. this is not going to be a nice return for president biden. he's precipitated crisis after crisis in america. the american public are fed up with it. biden's polling, he's crashing in the polls. it will be difficult for them to show any momentum whatsoever.
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i'm with you, thanksgiving at the earliest. it could well be this doesn't happen this year. maria: great to have your thoughts on all a this. thank you very much for being here. senator bill haggerty. always a pleasure. it is election day 2021. we have team coverage of the key gubernatorial races happening in virginia and new jersey. plus, the ceo of black rifle coffee is here with an announcement you will sear only here and first on this program. don't miss fox business prime today. cheryl casone will host american dream home beginning at 8:00 p.m. eastern. at 9:00, catch mansion global with casey mcdonald. you're watching "mornings with maria" live on fox business. stay with us. ♪ let the good times roll. ♪ let the good times roll. ♪ won't you let the good times roll. ♪
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maria: welcome back. a fast growing coffee company with a mission to better the lives of veterans and active duty service members is going public via spac. black rifle coffee company teaming up with sliver box engaged merger corporation. the deal is expected to add up to $225 million to black rifle's balance sheet. joining me right now in this exclusive is black rifle coffee company ceo, evan haper. congratulations to you. thank you so much for being here. >> thank you so much, maria, for having me back. it's been four years i think since the last time i was on the
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show. so i felt it was important to come back and make this announcement with you. maria: i so appreciate that. i remember when we talked back then, four years ago. you were already talking about this incredible growth story that you were leading in black rifle coffee. now you're going to go public through this spac, a $1.7 billion deal. why did you choose a spac? tell me what you can do with that money, how that will be used post the deal. >> well, i think timing was really important as far as being able to take the company public or at least position the company to go public. sliver box was the right partner. we wanted to curate a relationship with somebody that had the same mission, intent and commitment to the veteran community. they've been able to come to the table and commit shares as part of the deal to the black rifle coffee fund which is our nonprofit section of the business and i think being able to partner with somebody right now and the timing of this as far as being able to capture i think market inertia and then
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seize the opportunity to grow the company and maintain our commitment to hiring 10,000 veterans because we set out with that goal four years ago. i said it on your show. never strayed from that mission or that focus and this is just part of completing our promise to the american public and that's our commitment. maria: that is so fantastic. evan, talk to us about the veterans that you hired so far and what they bring to the table. we honor and cherish our yvette rains and i thank you so -- veterans and i thank you so much for your great service to this country once again. coming into business from the military, you're seeing a different mentality, a specific skillset that you're not getting elsewhere. tell us about it. >> i think veterans, especially the post 9/11, the younger generation of veterans are under employed at a higher rate throughout the united states, they bring a complex problem
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solving and split decision making matrix that i think most of the civilian population might not understand. they've been put in some of the most dynamic, complex and dangerous problems in the world, they've been able to solve those at a very high level, they have a lot to offer the profession fall workplace, the american professional workplace. my job is not only to inspire and entertain people through media, it's also to lead the rest of the corporate america to say we can do a better job of hiring veterans. we can do a better job of putting a spotlight on vet ranunemployment, do a better jof taking care of people that continue to serve and sacrifice overseas to include not only the veterans but the veteran families so this is a really important step for me to be able to go out and use the podium or the platform of black rifle coffee to shed the light on veterans' issues, hire veterans and create a culture that is truly authentic to the veteran way of life. maria: and that's why you stand
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apart for some of the competitors out there. but it's a crowded field, right, evan? i know that you have a major philanthropic part of the business as well. your company is donating 530,000 shares, that's $5.3 million with sliver box engage to black rifle foundation. that's terrific. who does that help? and give us a sense of the backdrop, the competitive landscape. how do you compete with such big corporations like a starbucks, like a dunkin and where does the growth come from for you? >> i think the main competitive edge is just being a better company. when i say that we have a better product, we have a better company culture, we have a better mission. i think it's something that is lost in the sea of corporate white wash. we're a true authentic american brand, it's a business success story that every veteran in america should be proud of.
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in seven years what we've been able to accomplished with hundreds of veterans hired and philanthropic endeavors with millions of dollars, we set up with some very intentional mission-focused goals. one of my goals is to field 1,000 plus atv wheelchairs for service members that have been physically disable in order to get them out in the woods, just like i get to do with my kids. i'm fortunate enough to have kept all my limbs, all my digits in the 20 years of deploying back and forth overseas in the united states military and the cia. it's time for us to give back as a company. maria: amazing. >> time for us to continue to give back. maria: terrific. evan, thank you for your leadership and your service. great to see you again. big congratulations from us. we'll be watching. >> thank you very much. maria: we'll see you soon. we'll be right back. stay with us. that was quick. and rewarding. i earn 3% cash back at drugstores
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to receive fifty percent off installation. and take advantage of our special offer no payments for eighteen months. maria: welcome back. it's time fors this morning's hot topic buzz. workout classes in the cloud, del the take airlines ating 5 peloton stretching and meditation classes to the inflight entertainment systems to help passengers relax. mark, some of these might be tough if you're in the middle seat for sure. what do you think. mark: as far as stretching goes, i don't know what you're able to do except for a finger or neck stretch here and there. it gets tight there. i love the concept. i get really antsy on flights. i wish i could take a nap but i can't so i need something to keep me busy. meditation stuff makes a lot of sense. you can comfortably do that in your seat. as you mentioned, the stretching
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i think makes it a little more difficult since you are kind of shoulder to shoulder with everyone sitting next to you. but nevertheless, look, it gives us something to pass the time so sign me up. maria: you got to get out of that seat, walk around. jack: yeah. we're a long way from when i was a kid and a i watched the jane fonda workout on the vcr. i didn't work out to it. i liked watching it. that was interesting. yeah, on a flight, i prefer to read, maybe if there is bourbon available, give that to me. the t last thing i'm thinking about is exercise. this will work. somehow people will embrace this, believe me, maria. maria: we'll take a break. coming up, it is decision day in states and cities across the country. house minority leader kevin mccarthy is here with his take on what key races in virginia and new jersey mean for next year's midterm election. it all starts next hour right here. "mornings with maria" is live on fox business. ♪
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maria: welcome back. good dues morning thanks so much for joining us. i'm maria bartiromo. it is tuesday, november 2 your top stories right now 8:00 a.m. on the button on the east coast. no deal for president biden an economyingl agenda west virginia senator manchin slamming the package calling out show games shenanigans accusing proves hold you you bipartisan bill hostage tying to reconciliation package. >> so that i will not support a bill that is this he consequential without thoroughly understanding the impact it will have on national debt, on economy and most importantly all our
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american people, every elected representative needs to know what they are going for and the impact it has not only on constituents, but the entire country. maria: fallout all morning long, meanwhile, voters are headed to the polls today in virginia, and in new jersey, among others all eyes on race for virginia governor between mcauliffe and youngkin both states this hour. >> markets higher take a look futures are taking a big move higher just a few last few mints dow industrials up 29 further up charted territory s&p 500 up one point nasdaq lower it is down 29 points, all of this on day one of the federal reserve two-day meeting where fed is expected to announce beginning of it tapering, of stimulus, tomorrow. this aftershocks reached record highs boosted by strongest earnings confidence
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in economic recovery to look at markets where we are looking at three major record highs dow industrials finished up 94 points nasdaq up 97, s&p 500 up 8 1/4 at new all-time highs, on wall street yesterday, european markets this morning mixed take a look at your zone ft 100 right now is showing a decline 46 but cac quarante up 17, dax higher by 87, markets mostly lower south korealed again enz up better than 1% on the session "mornings with maria" is live right now. maria: a top stories that we are watching this morning, president biden in scotland announcing a set of new initiatives, aimed at protecting globe or frommets clean up energy innovation reducing he methane, united nations climate a senate no surprise coming hefty price tag. >> this plan is the first of its kinds.
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taking all government folks working with congress to deploy up to nine billion dollars, new york -- to conserve and restore mobilize billions more from our partners. maria: this summit taking place in energy crisis making waves for apologize on america's behalf leave paris summit accord falling asleep despite -- climate change existential threat to humanity. >> one of the most anticipated pecuniary observations of the year electric vehicle start-up plans to sell between 57 and 26 dollars apiece being backed by amazon, ford, among easier amazon disclosed it holds 20 pez stake in rivian would make rivian more valuable than
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honda transitioned under rnvn that happens next week american airlines cancellation hundreds flights yesterday after cancellation 1900 over the weekend, thousands passengers stranded as airline grapples with shortages blaming bad weather for the he cancellations hopes to hire 4,000 employees fourth quarter those first responders the walked off job in big cities saying will not accept the vaccine the way pilots did as well cdc could green light covid vaccine beginning today fda panel authorizing pfizer shot last week, if cdc agrees vaccinations for children 5 to 11 could begin by the end of the week former hud sector neurosurgeon dr. carson weighing in on "sunday morning futures" sunday.
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>> mortality rate for children from covid .0 to 5 similar to the rate for seasonal flu, we haven't been for years and years going through all these things for seasonal flu. we don't know what long-term impact with vaccines is, so this is really sort of a giant experiment do we want our children at risk when we know a risk of the disease to them is relatively small but we don't know what the future risk is? why do a thing like that? makes no senses whatsoever. >> pfizer vaccine authorized for use in older children, voters are headed to the polls this morning, in several cities and states, we are taking you to virginia where there is a tight race with republican glenn youngkin making last minute surge have.
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>> good morning to you. >> the polls open two plus hours until 7:00 this evening in person voters in and out of recreation center behind me adding to tally who voted early by mail tell you about race momentum dmaments democrats possibility losing statewide race first time over a deducted glenn youngkin businessman o former ceo carlyle group built up momentum i was at his rally running an hour behind schedule youred didn't care there, fired up so was he, by the way, when he got there zeroing in on what is a prime focus of his campaign, especially here in loudoun county education the roll parents have in it. >> let me many be clear what we won't do is teach our children to do everything through a lens where we divide them into pockets one group in
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a pressor o presser another victim we pit them against each other steal demonstrators we will not be a commonwealth of dream stealers we will be a xhoth of dream enablers builders. >> mcauliffe staying with democratic playbook smaller crowds the education issue project more spending on schools. >> average teacher pay compare average pay of residents we are 50th out of 50 states disgrace for tenth wealthiest state in america as your governor i am going to raise teacher pay above national average for the first time in history of great commonwealth there almost a rematch of 2020 presidential race president biden winning virginia 10 points mcauliffe tried to link youngkin and photo president trump youngkin kept former president at arm's length but
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not appearing with trump in person, former president had a telerally supporting the republican candidate here last night maria. maria: all right. thanks very much we will be watching this closely, in virginia this morning, i am here with joe concha jashg tepper your thoughts on virginia race i think we need to call out, the lies and cheats that democrats fried to do here they tried to smear glenn youngkin over the weekend, with that whole -- group of people, trying to call him a racist, you the busted lincoln project admitted yes we were just lying, and i saw intaun with head of the lincoln project he said that is what it takes that is what it takes and that is that is playing you know tough, i -- i mean unbelievable they also tried to play games with vote they
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wanted to extend voting for five days the governor said no. >> yeah, it is remarkable to hear terry mcauliffe saying we are 50th out of 50 in teacher pay who would with democrat last for years ravel, governor before that terry mcauliffe himself,so, you say wow why are has this been done you were governor once why should we believe you are doing it again playing the race card from bottom of the deck lincoln project, nbc has people on all the time should be shunned from they openly say we are lyinging trying to defy people by race getting national platforms the president going to turn 79 this month fell asleep in public for the world to witness, at that conference, over in glasgow, symbolism for this absentee president virginia is going the way of
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youngkin, youngkin has obviously, focused on issues, economy, education, being the number one issue while mcauliffe tried to nationalize it bringing in president obama first lady jill biden, jill biden kamala harris not talking about issues overall virginians in commonwealth seen absentee president on soern border he refuses to see 77 close visiting a president asleep at wheel in afghanistan hundreds of americans behind the lines. >> trillions more in spending doesn't address violent crime rising in cities, when 70% say this country is on wrong track in virginia to have you think that has an impact, on the democrat flung terry mcauliffe and now glenn youngkin has all momentum is it enough in a state that joe biden won by 10 points? we will see. maria: we will see the, and mark, i don't know if this is
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going to do anything, for the president's agenda, either. what this race tells us will very well dictate what happens in 2022 and 2024 will it kill should youngkin wen will it kill the biden economic agenda? >> i don't know that it will kill it but going to certainly be a major roadblock for the democrats political agenda you are talking about a -- a build back better package that will be much smaller tax hikes much, much less substantial. but look. it is show remarkable the shift in voter prefrns in two states virginia 7 to 12% youngkin front-runner parents do better are the when it comes with kids learning in school new jersey 7% it is not just those two states the shift in voter preference that is rippling across the country
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i think a roadblock immediately but a great litmus test a minicrystal ball looks forward to what midterm elections look like in 2022 going to become more and more difficulty for democrats to shove these unbelievable packages down the american people's throats. >> more from kevin mccarthy when he joins us in a few minutes a break when we come back juror mansion slams democrats for holding bipartisan infrastructure bill hostage, house minority leader kevin mccarthy will weigh in. state of the market and economy as federal reserve gets ready to taper, steeple ceo is here, "mornings with maria" live on fox business. . car, i earn 5% on our cabin.
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. maria: welcome back. markets waiting on fed futures off their lows of the morning, and now trading up on dow industrials, further into record territory up 43 s&p up 3, nasdaq lower, federal reserve two-day meeting kicks off today, investors watching to see what the fed says, about plans to begin tapering walk bond-buying program many where fed stands in terms of nation what that means for interest rates forward. >> ron it is so great to see you this morning. thanks for being here we have lots to talk about, first assess the markets for us we are watching fed day what is activity been in terms of capital market from your standpoint. >> you know the marketslet talk overall markets maria good to see you, too, by the way. you know. it is i get asked all the time
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why is market going up consistently, what i would say you have to remember we've taken 5.2 trillion dollars, 5.2 trillion, and spent it basically in the last year-to-year 1/2. in all of world war ii, in today's dollars including marshall plan rebuilt europe, we spent about 4.3 trillion, so, when you think about the amount of money that has been put into this economy, and demand that we've brought forward no one s&p earnings up 60% supply chain bottlenecks all over the place we have a lot of demand. you couple that the discussion here couple with monetary policy very accommodative, you've got rip-roaring market, the question is: when is the fed going to --
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make this interest rates not so accommodative in all fiscal year stimulus i that i a big question for markets. maria: for sure you have seen this over now two plus decades of people, congratulations to you celebrating 25 years ceo steeple, you have -- incredible that is incredible accomplishment you have to be feeling great tell us about state of the business, and how you you've seen this business change. >> well first of all steeple i think maria you and i talked 25 years ago, some point when i first became ceo i am looking forward to it, the markets have evolved as steeple evolved, a little bit about steeple, my ten year from 100 million to 5 billion in revenue 40 billion-dollar a
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couple 8 billion broken to different market, and, you know, the we are growing in this market as well. but, again, i -- i want to see what is going to happen, today, i would think start tapering, today you have to keep an eye on fed here if you are a market player, you really do. because as the fed begins to raise interest rates, at least in my career, what brings a little sanity to markets is usually the fed tapping on the brakes. maria: . >> how do you see the business changing going forward? every day we talk about the digital economy, and many of your competitors in business are reassessing how they approach business, with digital currency backdrop, what do you want to say to us in terms of how things o evolved with new technologies, as new tools for you?
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>> well, you know, in -- in many ways, as much as the business will change, it will change through technology, it will remain the same in from my perspective, in that you know you need advice, and technology may make it easy to apply stocks may make it easy to by crypto to buy options, you can you can pick up your phone just dial away and suddenly own some assets. but you know. certainly i am talking my own book. but i believe no matter how technology he evolves it is not going to take volatility in the importance of being in the right asset at the right time. that is what we do. from my perspective what i see, we're again in for really good times in the advice side of this business, clients need advice, today more than ever.
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maria: for sure you will become he corporate sponsor for jimmy kimmel bowl national held december 18 at sofi stadium southern california why was this partnership important to you. >> you know, first of all, it is college football, stifel found 1890 college football goes back a long time tradition we are traditional on the other hand this bowl is going to be fun jimmy kimmel coming in, going to be a different way to look at college football, that is what stifel is about, we are both tradition this is going to be a fun event why not we can -- wringing hands about deficits, and you know, rates and markets we can being have a little fun too that is what we're going to do do at the l.a. bowl. >> why not? you are celebrating 25 years
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at helm during one of the most unprecedented times for markets investing today once again record highs, great to see you best wishes thanks for joining me this morning. >> see you in 25 more years what do you say. >> all right, you are on you are on, come back before '25, please. >> lydia hu on ground with the latest on the race for new jersey governor president biden pushes for energy attorneys at climate conversation as americans face record gasoline prices ats home edward lawrence a live report from scotland on hypocrisy of the energy crisis underway, stay with us. . station.
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. scomhoo welcome back. president biden wrapping up european trip at u.n. climate summit in glasgow talking,
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emissions preserving forest could better energy hours be out there fox business edward lawrence scotland with more. >> president in event for build back better world climate change earlier this morning white house making two announcements as you he referenced one of them to expect a methane leaks on oil and gas wells this will be the most aggressive action through the epa taken against oil and gas industry. in the biden administration, now this will 15 of the top 20 methane emitters in world signs on including u.s. eu mexico, canada. now as we wait to hear from the president again earlier this morning, the president announced that forest investors club to help climate aligned outcome in land sector, listen to this. >> united states is going to lead by example at home.
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in support other forest, nations developing countries i am confident we can do this all we need to do is summon the world to do what we know is right. >> scotland the green capital of the world in united kingdom, i should say this morning we talked with a company, that makes blue energy using water ceo of orbital marine says solar tend less reliable. >> -- places like scotland, it is you know, invest heavily in -- particularly, because six months of the year barrel see sun challenges around. >> interadmitantly. >> we go from zero to full power, in you know in six hour cycle back down again.
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>> title -- estimates water energy industry marine energy 170 billion dollars by 2050. from here president will go to meeting about accelerating clean energy around the world back to you. maria: . >> edward thanks very much, in scotland coming up a new poll finds many democrats want somebody other than joe biden on the 2024 ticket votes in we show you which k9, the ugliest dog not really ugly. stay with us. . ment... ...they're with me all the way through it. voya. be confident to and through retirement. it's our veteran's day sale on the sleep number 360 smart bed. it senses your movements and automatically adjusts to relieve pressure points. and its temperature balancing so you both sleep just right. save $1,000 on the sleep number 360 special edition smart bed. plus, 0% interest for 24 months. only for a limited time.
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. maria: welcome back, virginia voters are headed to the polls today they will decide who next governor will be education top issue on this race. >> the main reason folks i am running i want to wonderful best education i want every child to have a world-class education here in commonwealth of virginia. >> parents will have choice in our public school system we
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will not a political philosophy in classroom day one i will ban critical race theory from schools. >> republicans businessman glenn youngkin front-runner in this race 53% of vote democrat terry mcauliffe 45%, joining me right now, is the leader of the gop, california congressman house minority republican leader kevin mccarthy, congressman great to see you this morning thanks so much for being here i want to get your -- >> thanks for having me on maria. >> radio i want your take on race in virginia as we do that what kamala harris said i had when she pained for mcauliffe last week virginia. >> it is a close election a bl weather for what happens,in the rest of the country last time i was standing with terry, making don't -- texas virginia let's not texas
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virginia. >> because you see what happens in virginia will determine what happens in 2022, 2024, and on. . maria: ask leader mccarthy reaction to that if youngkin wins what impact might you expect on terms. >> no greater contrast than two politicians look at mcauliffe only licensing to pongs glen youngkin never ran before listening to apparent, youngkin giving optimistic vision for the future, and terry just running a negative campaign not talking about any issues, it is eye-opening because remember, president biden won this state by 10 points, this race should not even be close if this recess are -- close of really has been a bellwether for congress
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in the future go back to 93 republican won, republicans won congress, you look at -- 2005 democrat won democrats won congress 2009 republican won republicans won congress, so really and state has moved more blue than before, so i've got to give glen youngkin all the credit in the world that is guy not run for office before not -- only listening to people talking about reforming dmv, education parents have a say inside children's education in congress going to write a parents bill of rights so parents can know what curriculum is being taught to their children. >> congressman you have been listening to voters i know you have been traveling a lot, you have been raising a record amount of money for the gop. what are you hearing and what do you want to say, are the priorities, for the gop today?
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>> i tell you what i am hearing across the country is frustration not just republican and democrats you see time and again, the real we when will democrats understand the policies they are pushing, the policies they are implementing that is hurting america, you see every day, we find in it nbc polling, 71% america believes we are on the wrong track, you find it with inflation, people concerned about rising prices what does white house tell you inflation is only about wealthy people's problems we should expect less for christmas look at border you have covered this day in, day out maria before others works now the administration wants to provide 450,000 dollars hard-earned taxpayer money to someone came here illegally, watch crime in major cities based on democratic policy cutting police you are watching there in new york, fire station are being closed,
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it really comes to what the policy of this administration has done now on brink of being energy-independent with biden administration shutting down american jobs letting put00 a new pipeline asking opec to produce more but not america? >> a when our energy production, even on national gas is 42% cleaner, than russia? >> this is just when backwards i am thinking maybe virginia will finally wake up the democrats, to say, they should not vote for what this reconciliation trillions of dollars will only put down the path of further destruction for this nation. maria: let me ask you about that all of this spending negotiations going on behind-the-scenes, i know you've been doing a series roundtables senator manchin scathing senate for progressive democrats over reconciliation package here is manchin yesterday.
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>> i will not support the reconciliation legislation without knowing how the bill would impact our debt a our economy our country. >> i am urging all colleagues in the house to vote, and paf a bipartisan infrastructure bill hold that bill hostage is not going to work to get my support of what you want. maria: then cory bush wasn't happen with what immaculate conception said put out a containment saying senator manchin opposition to the build back better is antiblack antichild antiwoman i am grant. >> what can you tell us promises last two months kind of like nancy pelosi lucy with football in charlie brown kepz bringing president biden up to pull the football out from under him i don't know if they can oet vote again why is it
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controversial that a member of congress is asking to know what is in the bill, and how much does it cost before they vote-it? that is what they are attacking joe manchin over, these are trillions of dollars will transform this government into a more socialist wing of the government, people should no what affects in a would have on american public, the american public as many have a right no know what it costs what it would do, the democrats don't want to allow that to happen, pelosi, remember famous line, you have to pass the bill to know what is in it that is why we've been doing roundtables, today at 2:30, instagram live if you go to rep kevin mccarthy, chef andrew on there talking small business the effects to small businesses we talked about energy before, we talked about the challenges of what this bill is doing, when it gives
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10 million illegal immigrants amesty talking about 87,000, irs agents, remember that is the largest revenue to par targets majority of americans if you spend 28 dollars a day you are a target this is where they want to gain money from. maria: i noticed in latest version biden said he wasn't going to put the bank surveillance in there. tloufr still is the 80 billion dollars, for 87,000 new auditors at irs is that a trick? he is saying not in there but still wants to hire 87,000 auditors to do that surveillance? >> yes still in there it is the largest gather of revenue to pay for this bill they cannot remove it only produce more of it, think of premises what they are talking about, they think americans all cheat on taxes so going to bring
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87,000 new irs agents, that is largely population than scranton pennsylvania, hometown of the president to go after not going after wealthiest in america it is going after everybody almost in america being you spend 28 dollars a day fill up gas tank buy coffee go to lunch they are going to target you why? why don't we look at ways to improve america instead of going after america. maria: how does he getaway with coming got youing to podium saying that this costs zero? i don't understand why the president keeps saying that this doesn't cost any money and that it is paid for, when we know that it is not paid for and it hasn't been scored, maya macguineas at committee for responsible budget says without independent school how do we really ever know what this framework costs joe manchin yesterday said it comforts double 1.8 trillion the president says maybe that is why we keep seeing polls look at recent national poll
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finding 44% democrats, democrat leaning independents want a candidate other than biden to run in 2024. what do you think these numbers mean and who is on the bench if not biden to run in 2024? >> o you raise very good point why does president say there are no more americans in afghanistan? why did he say that was the best way to remove from afghanistan why tell american public economy is in a strong position we should expect less from washington why does he continue to lie to us in this process? i think americans are seeing through this even democratic party is running against this president now they think -- is weak on leadership, they watched his policies failed they are not standing with him so it is interesting to me, why would in democratic congress actually vote for this bill that would create more inflation, harm our economy going forward, and actually the only people that is going to help is a china
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economy, when i look at where this president is continuing to move, i don't know if we can put these together i am seeing more democrats announce retirement you've got committee chairs announcing 15% democrats on appropriation have announced retirement, they don't want to stay around either they see future not bright based on policies they are pushing i don't know what democrat would be running, three years from now i do know with 371 days, seven hours away from changing the course of history, a flipping the house, to prioritize this house, secure are border making america products actual in america shipping to other countries instead of a backlog supply chain controlled by china. and opecproducing oil, that will never happen again. >> good points we are counting, you just counted
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days and hours, that is funny, leader mccarthy great to see you. thank you so much for joining me this morning. >> thank you, maria. >> we will be watching. all right congressman kevin mccarthy there new jersey residents headed to polls is race between democrat governor bill murphy and ciattarelli, we are going to show you how k9 candidates did i had when won this ugliest dog competition you are watching "mornings with maria" live on fox business. . at drugstores with chase freedom unlimited. that means i earn on my bug spray and my sunscreen. you ready to go fishing? i got the bait. i also earn 5% on travel purchased through chase on this rental car. that lake is calling my name! don't you get seasick? we'll find out! come on. and i earn 3% on dining including takeout. so much for catching our dinner. some people are hunters. some are gatherers. i'm a diner. pow! earn big time with chase freedom unlimited with no annual fee.
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maria: welcome back decision day in new jersey, as well, residents has had to polls casting ballots for the state next governor with virginia it is expected to set the tone for midterms in 2022 lydia hu live in east rutherford new jersey governor phil murphy looking to rewrite history. >> that is right, maria. he is trying to become the first democrat incumbent governor to secure reelection, in roughly 40 years garnering a lot of national tension as well as issues that are driving this race for governor, because the issues mirror what we are seeing in national politics too the economy, taking center stage in this race gop challenger ciattarelli pledging to make
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new jersey more business-friendly, to create jobs, to governor murphy he is increased minimum wage notched one of the highest unemployment rates in country 7.1% according to latest jobs' report, new jersey, regaining jobs lost during pandemic has some strictest lockdowns, east of rutherford is a blue area of blue state in new jersey we are talking to voters finding some casting only for murphy and ciattarelli. >> high taxes -- unfortunately, that is the way it goes here. >> i do understand, that there was a kind of like a -- a delayed response but i do feel he did best as he could. >> undecided unaffiliated voters in this state will come out support the candidate they think will do the best for the state and the country. gentleman. maria: .
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>>. >> governor murphy joyed double-digit lead over critic he critic over center gop candidate ciattarelli nader in a lot to watch as this race unfolds. maria: sure is lydia thanks so much lydia in east rutherford, joe concha mark tepper with us this morning what do you to see in jersey you live in new jersey; right? >> i do i have -- the economy -- report is number one issue in this race jack ciattarelli has a shot, republicans has a shot as mentioned unemployment rate in jersey above 7% nationally below 5% a disconnect here so sorry about that probably had trouble hearing me jobs and economy are the big issues here, than you have the -- joe biden is currently polling in deep blue new jersey as just 43% approval, 50% disapproval if
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president constitute tails are that nonexistent republican has a shot at least to keep it close. >> we will see, we will be watching that one, as well as virginia obviously, also a mayoral race in new york, mark, and we know the state of new york, in terms of crime, and vaccine mandate got thousands of first responders stepping off the job. >> yeah, i i mean vaccine mandates nobody likes to be told what to do let alone put something in your body you may or may not believe the right thing for your situation but look the american people, seem fed up with politics that we've seen over the course of the last year really, kind of leading into last year's election people started turning on each other, maybe the american people have had enough of the wokeness movement may be we don't want to be decided through critical race theory maybe people want compete leadership with real plans real action, i mean that
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is not rocket science rather than just a bunch of talking in about circles that is kind what have we've seen over the course of the will have a year people want change, and maria, the interesting thing is the change that everyone wants right now is exactly what we had a few years ago, grass ain't always greener on the other side. >> quick break barking her way to the winners circle fourth annual ugliest dog competition results in making a big buzz this morning. we will have it next. . how about a throwback? you got it. ♪ liberty, liberty - liberty, liberty ♪ uh, i'll settle for something i can dance to. ♪ liberty, liberty, liberty, liberty ♪ ♪ ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪
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. welcome back first up under armour surging better than 12 1/3% better-than-expected third-quarter earnings raising full year guidance, want to show pfizer stock up after
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beat aing third-quarter earnings expectations drugmaker raising full-year forecast including for covid-19 vaccine sales says sales of covid vaccine will hit 36 billion dollars this year stock up better than 23% -- then plunging better than 35% losing a third of value missing revenue estimates online education company setting lower enrollment numbers settle for worse day better than five years decline 30% of its value, quick break beauty only skin-deep annual ugliest dog competition kicked off this week's the win makes a big buzz this morning. back in a minute. . [clapping] “we will rock you” by queen ..
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♪ yeah, it rocks. it's beautiful out here. it sure is. and i earn 5% cash back on travel purchased through chase with chase freedom unlimited. that means that i earn 5% on our rental car, i earn 5% on our cabin. i mean, c'mon! hello cashback! hello, kevin hart! i'm scared. in a good way. i'm lying. let's get inside. earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. maria: the big buzz of the morning, things getting ugly in austin for good cause was one
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coffee shop crowning the winner of the ugly dog competition, this dog named panda winning for the second year in a row. all voting fees benefit the humane society. they call it the ugly dog competition but these dogs aren't ugly. they are babies and sweetie pies. >> in our world, as a big supporter of the aspca and a dog owner my whole life there is no such thing as an ugly dog. that said let me show you a new addition to our family injuries the, max, a 5-month back puppy along with my daughter cameron. 12 pounds. 85 million families own a pet in this country, americans spend $99 billion a year on their pets according to the american pet association. maria: what is your take on this competition?
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i love max and your beautiful daughter. >> i believe derek zula, the famous male model said something along these lines. there is more life than being really ridiculously good-looking and that is probably the case for panda who isn't going to be a dog model anytime soon. beauty can exist on the inside. we all love our pets. maria: we say goodbye, thanks for being with us. "varney and company" begins right now. stuart: tepper faking a british accent is the worst i ever heard. good morning, everyone. let's recover from that one. on this election day the democrats are at each other's throats just days before congress goes on vacation, they cannot agree on spending.

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