the cac is up 22, dax lower by 10 in europe. if in asia overnight red across the board, take a look at the asian indiceses with the worst performer being china, shanghai composite down 1 and a quarter percent. "mornings with maria" is live right now. ♪ don't believe me, just watch. ♪ don't believe me, just watch. ♪ maria: now some of the top stories we are watching this morning. turning up the heat on facebook, the federal trade commission rey looking into whether or not facebook research documents he show and a prove it violated a 2019 settlement over privacy concerns. the company paying a record $5 billion penalty, internal research found evidence that facebook knew its platforms were harmful to teenagers and helped spread hate, despite the social media giant hoping to he rebrand the name of the company, they think that will help shrug off the widespread backlash and a pr nightmare that has only grown worse in recent weeks. ceo mark zuckerberg is expected to announce the new name today. he is unveiling new details about

we're paying $6 per million btus, in europe it's $40. so this is really at crisis levels. we've seen business failures already here in the u.k. and you're seeing real logistical challenges with delivering lng throughout the continent. it's a headwind for the u.s. but it's a downright crisis here in the u.k. dagen: as the wall street journal editorial page writes today, i know this is the word on wall street, but they point out that vladimir putin is exploiting europe's dependence on russian natural gas. so using it to his advantage as a power grab. >> yeah, absolutely. look, we achieved -- in the u.s., we achieved energy independence a couple years ago and unfortunately the administration is trying to regulate that industry to death but they don't have that option here in europe in terms of production. they can produce natural gas here in the u.k. it's unfortunately the so-called conservative government here banned fracking in 2019 but, yeah, it's a strategic issue because you're seeing putin pull the strings right now in operating the lever on supply and so it's a real ch

and other places, europe and latin america even. the situation with chips, the smaller lighter more expensive item use airfreight multiple things on ships, goods, larger items but we are just in bottleneck, production will ramp-up, and we will move to this more software defined environment those will be the -- >> that is a great point. >> -- chip shortage -- production in other places even here in america software capability will drive functionality. maria: ivan, thanks so much, joining us this morning, on a rally important issue that affects so much, thank you, quick break the latest, inflation and tight supplies dept durable goods report out right after this. stay with us. . when you're driving a lincoln, stress seems to evaporate into thin air. which leaves us to wonder, where does it go? does it get tangled up in knots? or fall victim to gravity? or maybe it winds up somewhere over the bermuda triangle. perhaps you'll come up with your own theory of where the stress goes. opportunities... are all about timing. behind the wheel o

hear from one europe using social to help you find classic cars online. wait till you see this and meet him. joining the conversation all morning long is dagen mcdowell and steve forbes, getting back to fantastic panel when we come right back. you're watching mornings with maria live on fox business. moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. maria: welcome back, taking safety into their own hands, more than 150 families in san francisco have now hired private security to patrol their streets amid the braising property crime spree. many say that they no longer feel safe in their own home. residents say car burglaries are a biggest problem, larceny theft, 2500 cases this year

take a look at the rally underway in europe. ftse 10083 and cac up 106 and dax index higher by 210, best performer one and two-thirds percent in paris. in asia overnight, hong kong best performer here, better than 3% on hang seng index overnight. back in the u.s. brian landrie's father joining authorities in the searching for his son now. cheryl casone with the details, cheryl. cheryl: that is right, maria, landrie's family requesting the help. brian's parents belief their son is in the reserve. reportedly left to go hiking on september 13th, landrie is the only person of interest. well, done deal. iec is buying magazine meredith for 2.7 billion. the publisher, people magazine, homes and gardens selling for 42.18 a share and the deal will add other names like real simple and instyle to growing portfolio of media and web properties, taking a look at iec in the premarket. up one and a quarter percent. millions of americans feeling inflation. households earning a median annual income of $77,000 will spend extra 175 a month on food

take a look at europe and the euro zone where we are seeing a search for direction but solidly higher, s&p up 29, cac up 61 and dax index by 82. asian indices finishing like this. mornings with maria live right now. ♪ ♪ ♪ >> some of the top stories that we are watching this morning, fractured democrats scrambling to find new sources of renew in order to pay for president biden's 2 trillion-dollar spending bill. this as senator kyrsten sinema draws the line on any tax increases on corporations or high-income earners. the president admitting during the town hall on cnn that he does not have the votes to pass the corporate tax hike but still thinks democrats can get a deal done. lawmakers want the bill's framework by the end of the week, next week as we have been reporting. that's highly unlikely that we will see nancy pelosi's reached. the cdc signing on booster shots for moderna and johnson and johnson. the agency recommending boosters for anybody 65 or older or those who are at high risk of covid complications. recipients can now mix and match brands of doses. well, the manhunt

facebook is hiring in europe. does social media giant plans to add 10,000 jobs over the next five years to build up an online realm where users can engage with one another using augmented reality. facebook says it's a key component of its future and a major driver of new technology investment. ceo mark zuckerberg first laid out his vision this summer. e-commerce unit looking to go public with an ipo slated for the first half of next year end he could value the company at $6 billion. it was valued at $2 billion in march. finally, "halloween kills" murder the box office with the latest installment of the michael myers saga making a killing bringing in over $50 million this weekend. taking the top spot from james bond, falling to number two in the second weekend at the box office, but that horror movie, maria, was released simultaneously and in theaters so it was a risky bet, but he came in number one. maria: that's interesting. the crisis at the border is getting worse, certainly more dangerous as we speak. cartel g

we're going to have a cold winter, not just in this country but in europe and other parts of the world. energy prices are going to get significantly higher and, look, people are already mad. i spent a lot of time in the airport last night, trying to get back to washington. people are mad. they've had about enough of what this administration has to offer. they just want things to work again. don't people deserve a country that works and a government that works? right now the biden administration says no. maria: is somebody else pulling the strings here? i mean, is it that maybe these are all things that obama wanted to do but he didn't want to see a 30% approval rating so they threw joe biden in there to take all the hits and then when they're ready they'll just pull him out? is that what's going on here? >> i shouldn't speculate but, look, all i know is it's wrong. it's not working. it could work. it worked under the last administration. people didn't like his tweets. gas was cheaper. energy was plentiful. the country was energy independent, i would dare say energy dominant. now we've

he was seen in hong kong and now we understand was traveling in europe but he's going back to china. do you think he can be as prominent as he once was now that the ccp has been clear in terms of making him pay for negative comments he made about the financial services industry in china by disappearing him for several months? >> yeah, i don't think there's any chance, jack, could be high profile as he used to be and more importantly i don't think he would be willing to be. if he sees the risk in what happens, you become this high-profile opposition figure in china. it's not a political opposition figure but someone who is high profile that people know and i don't think jack is going to want to show his face around that much. right now i think he's happy to keep his whatever level of assets they're allowing to keep, keep his head down and try to move on with his life but i don't think that his job is going to be popping up and making comments about the party any time soon. maria: leland, before you go, what's your take on wall street firms that are getting the honeypot from the ccp. y

he traveled with oligarchs, of course, went to millionaire billionaire playground world and europe the way white house and joe biden campaign have rolled since the very beginning, since a year ago, when "new york post" started ring ask exclusive stories from laptop, they have no o absolutely obviously, no desire to admit the truth or to come clean. we know hunter biden for instance, is still in business, with the chinese communist party. he is still earns 10% of equity firm in china asked about it periodically or isn't because he down the answer jen psaki, just brushes past it says oh, he is working, he has been working, to extricate himself from that since you know january 20 apparently joe biden has not talked truth about this said always knew nothing about hunter biden's laptop he denied, that he met with hunter biden's business partners we have evidence of it my book comes out november 30, laptop from hell, catalogs time after time in joe biden involved in hunter biden's influence peddling operation over seas and his uncle, uncle jim all in it together the white house, i think is n

as for europe, you've got red arrows across the board. the ftse 100, the cac board and the dax are all substantially lower. to asia overnight, shanghai composite inching out a gape of 1%. mornings with maria live right now. wake up, everybody. top stories we are watching for you this morning. president biden slamming republican lawmakers for opposing tax and spending agenda despite all of the infighting on the democratic side. >> these bills are not about left versus right. these bills are about competitiveness versus complacency. they are about opportunity versus decay, so support these investments is to create a rise in america, america's movie to pose these investments is to be complicit in america's decline. maria: the president met by hundreds of demonstrators in michigan yesterday as he tried to rally support better for the stalled build back better plan. the protestors are angry over spending spree and lack of response at the southern border. democrats meanwhile looking to trim spending on health care education and climate change p

gasoline demand trailing off but will some global energy crunch issues in china, europe solved in quick enough order to see relief towards the end of the year that remains to be seen, as you said, oil production lagging behind though starting to increase i think biggest, concern i have is how this sets up stage for what will be summer of 2022. dagen: brian. brian: key is supply anybody in that space saying wait a second that is a lot of money down to develop oil and gas reserves at what point does that operation get shut down? or run into regulation that we just can't overcome? do you really think in this environment with this administration, you can see supply come back in a way that is going to bring, prices back down to what will be more of a normal level? >> i think going feedback a struggling, as you mentioned becoming harder for the public sector companies to do just that, there has been obviously, a big move to eds there is a question if even socially acceptable no. >> 59% new wells drilled by private companies, where as was only 42% before the pandemic, so you are starting to se

stakeholders, sovereigns around the world want to move away, especially in the western hemisphere, western europe all want to move away from carbon emissions. that of move, however, those pledges for zero emissions, carbon neutral and so forth, are incredibly aggressive. at the same time, during covid we went through an incredibly low point on the price of oil where the majors around the world rethought at that point for financial reasons their drilling programs. so the two things combined went ad head and really dropped the drilling intentions of the majors. however, as we've seen with most things out of covid, the demand has picked up massively. and so, therefore, you couple the low supply with the higher demand and an inflationary environment generally, and you now have a recipe for disaster. and russia and china and most importantly opec know it. the biden administration has already called on opec three times so far to go ahead and get pricing under control. it's been met with deaf ears and, frankly, they know that they have the u.s. and other governments in the palm of their hands. maria: ye

and maybe europe will be looked at as defensive move. things are going digital and there's this concern that they may be unable to keep up with that, i guess, is the only way to say it and it's a defensive move and number 1 and number 2 it's a reaction to china who is going forward with the digital currency and they are concerned about that in some ways, i think, and finally, i think it's another -- at least the federal reserve is looking at if they're going to put out request for comment on it because it also has the effect of, i think, restructuring the banking system of the united states because potentially you will have digital cash and you will have it on your wallet, on your iphone, or whatever phone and you will process it that way but also you can have accounts depending on how they were designed that they would be at the federal reserve system level and you don't need that to move funds more quickly, you have realtime payments that will take care of that, so this is going to move accounts from banks to the central bank and i thi

inflation numbers out earlier in europe, eurozone inflation rising at the fastest pace since 2008. in asia, mostly lower, nikkei average worst performer, down two and a third percent in japan. meanwhile, back in the us, special counsel john durham sending out more subpoenas in the russia hoax investigation. cheryl casone with the details now. cheryl. cheryl: and more of those subpoenas targeting a law firm with ties to the 2016 clinton campaign, a month after durham charged former clinton campaign lawyer with lying to the fbi. at the time he handed over data he claimed showed the trump organization had a secret server to communicate with a russian bank. it became part of the fbi's investigation into russian interference in the presidential election that year but the fbi never found evidence of a link. panama's foreign prime minister sounding the alarm on another migrant surge at at the southern border, saying a wave of 85,000 haitians crossed through panama, believes they're headed to the u.s. she is saying she wants to have more meetings with the u.s. around other of countries on

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a shortage of natural gas, you have countries in europe now going back to coal and so what do we need in this country? we need pipelines. they're about to pass a trillion dollar so-called infrastructure bill that does nothing, nothing to increase for our own gas culpabilities. maria: great point. really dumb and vladimir putin try today insert himself and move markets the other day. it didn't really help. there's movements going on because of policy across the country. we have a new home now for tesla. we will take a break and come back after that and talk about why ceo elon musk is moving the company out of california headed to texas. tax debate in corporate america is coming up next. stay with us. maria: welcome back, big move for tesla, elon musk announcing he will move headquarters from palo alto, california to austin, texas. although some activities will continue in the golden state. musk has been at odds with the state for some time. last year calling the covid related restrictions fascist and also fighting all of the efforts on higher taxes as well. steve moore, your thoughts,

and canada the other chunks from europe and then latin america and asia. to have a south korean program like this is really game-changer for them. i'm expecting good things for them. they focus on bottom line better than any other large cap company out there. maria: yeah, squid game. and i thought the crown was a big deal for netflix. this is a real game-changer apparently. >> yeah. maria: let's talk about north america's largest con taper port facing backlog as the crisis chain crisis continues and approximately 200,000 shipping containers are gridlocked. they are gridlocked off the coast of la and comes day after port of la will run a 24/7 operating schedule and i don't think anybody thinks that's going to put a dent in anything, denise. what's your take? >> it's a long time before we resolve the problems and we have a trucking problem. you can't have find trucks drivers. the last mile. almost 30% from a year ago and 50% from two years ago and that's a problem. that's -- cargo moving at the margin from the west coast to the east coast. this is in the goi

lacks-- let's check action in europe with european markets now turning positive at. fractional moves across the board in the positive lane in the eurozone. in asia overnight markets finished mostly lower, evergrande was the big story with stocks halted in hong kong as it announced it will sell a stake in its property services unit to a chinese company. breaking news moments ago, johnson & johnson looks to get approval for a booster shot. cheryl has the details. cheryl: good morning. the company reportedly asking for emergency use authorization to administer its coping booster shot that could happen in the next day or two according to the "new york times". on friday the fda scheduled a meeting to discuss whether or not grant approval to j&j even though they had not asked for it yesterday-- yet. some research shows those who received the j&j shot were more likely to have a breakthrough in fractions. stock is slightly down. one of the largest oil spills in california's history, a suspected leak in its underwater pipeline with estimations 126,000 gallons of fuel up miles