the president has plenty europe carrying a legislative failure, civil war among the democrats. i promised a big show, friday october 20 ninth 2021, "varney and company" is about to begin. ♪♪ ♪♪ stuart: all right. that is virginia. very appropriate place to start because there's a new foss paul mentioned at the top of the show. glenn youngcan leads terry mcauliffe by eight points in virginia -- virginia's race. it goes from the dead heat to an 8 point lead. >> the other pole went from a 5 point deficit to an 8 point lead for youngkin in the span of a few weeks and that is typical, somebody found a tape of doing something really bad category, that's not the situation as far as we know. that is based solely on education and the fears that the voters in virginia regardless of party have for education and the situation where former governor wilder came out more or less with an endorsement of youngkin. when you have that happen the african americans in virginia are saying i don't know if this mcauliffe guy is the guy for me combined with suburban soccer moms. stuart: there wi

there was a truck driver shortage across the whole of europe, foreign drivers from europe apply, do you know how many applied? 127. it has nothing to do with brexit. it has to do with driving down standards for drivers that have been paid 15 bucks an hour for doing the responsible job and because of european rules, spending three or four nights a week sleeping on the side of our main roads. no money, dangerous conditions, race to the bottom in terms of money, people fled htv driving. driving vans, delivering things house to house for better money and better conditions at a shortage of drivers in western europe, the fuel crisis we had was unbelievable. i come from the country of kent, the worst affected by this and i was so relieved to see lads from the british army delivering fuel. things are gradually easy but we face the problem are we going to have turkeys, supermarkets running short and this mess where if you drive wages to the bottom and nothing to do with brexit, european rules got us in this mess. stuart: how bad a crisis you face in britain if you have a cold winter? i'm told it

bernie sanders often said his model is europe but europe is falling behind for decades. in america more people get out of bed and go to work than anywhere in europe because workers over there have plenty of incentive to stay home. unemployment much higher in europe because with heavy taxes it is expensive to hire people and in a worker's paradise it is difficult to fire people. this is why america has been growing faster than sluggish europe for years. has europe produced amazon, that is what happens when you discourage work and demonize wealth. it is full of europeans eager to join dynamic innovative america. we are still powering ahead but we will fall behind if the president, bernie, aoc and senator warren get their $5 trillion. third hour of varney about to begin. kayleigh mcenany joined me now. how come this president gets things so wrong because we are not falling behind? >> we are not falling behind, we will be falling behind the devastating biden policies, you know as well as i do donald trump handed him a economy hitting record numbers especially underserved com

i find it ironic that they are holding this climate conference in europe when fossil fuels are in short supply, prices going up and they face a freezing winter. there is irony there. >> a shadow over the conference particularly in the us, in the new map of the revised issue we are headed for disruption and in europe and china you have big disruptions in energy supply because insufficient investment and conventional resources so it does cast a shadow on what is coming up although they say have more renewables. certainly a problem, seeing higher prices but we are not a kind of crisis where they run out of gasoline. in china they are rationing electricity. stuart: this is because there is a shortage of fossil fuels, shortage of oil. why the shortage in the first place? >> the shortage of oil and natural gas making up a shortage of coal and the offshore wind on which europe deepens the wind hasn't been blowing. those are the factors that have done it and oil is following along because people in asia and other places we use oil to make up for natural gas since natural gas costs a lot more. s

he leaves for europe friday. meeting the pope, and she 20 leaders and goes to glascow for the climate conference. he is going to glasco empty-handed. joe manchin vetoed part of the green new deal. here comes another crisis. tuesday october 20 sixth 2021. "varney and company" is about to begin. >> a windy new york. a nor'easter coming at us today and look who is with me, brian bromberg, lauren simonetti, you come in from the suburbs. what kind of trip? >> superearly. west side highway looking like a swimming pool at times. if you can work at home today i would do it. >> in the parking lot it was amazing. stuart: all driving through puddles. we got the case shiller 20 city home price index. what about home prices? >> prices rose 19.7% year over year. less than the month before but the second largest annual gain, prices up 33%, san diego number 22 at 26%. stuart: the real estate rally in terms of prices. >> august's number was less then july but i'm not ready to go there yet. stuart: the next story is elon musk and

as you look at culture in time in europe in 1492. slavery was everywhere. you did not have power or you didn't. he did not invent it. it was culture in italy. stuart: the culture was still going strong that is a fact. brian kilmeade. thank you. >> thank you, sir. stuart: deroy murdoch, jake bequett, the mayor of miami frances suarez all coming up on this program. the supply chain problem isn't a problem, it is a crisis. it is affecting every aspect of our lives and the vaccine mandates are not helping. that is "my take" next. .. just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind. find new roads. chevrolet. >> free money started in this problem. we are capitalist society, you have to work to provide for yourself and your family. >> until we get ramps up right now -- >> part of the administration saying we are paying more. >> the pullback we have seen is as bad as it gets. money is invested in best invested in large proceeds. stuart: 11:00 e

stuart: okay, next case for you, shocking inflation numbers from europe. the highest rate over there in a 13 years, energy cost serving. it has to have a little work for us you-- here. lauren: in your consumer prices rose 3.4% last month driven by a 17.4% increase in energy prices and is expected to stay that way, so they said look, first thing is first, supply demand cycle is interrupted. we saw a lot of that demand in the summer so they went through the national-- natural gas inventory and they have not replenished it enough in the wind is not blowing as they transition from fossil fuels to keep the homes warm in the winter so what you are seeing in europe-- gas is actually down today, but still $5 and serves as a warning as we transition to fossil fuel. stuart: just saying if not-- natural gas supply is limited, up close up close the price of inflation for thank you very much. futures please as we are a few minutes from the opening bell and the dow jones will be up about 140. coming up, i have been calling it hell week as lawmakers are haggling over how

in europe it is about $25. it is so expensive that some european fertilizer companies are cutting production. it will be very interesting to see what happens at the u.n. climate summit which starts on november the 1st. the energy price crisis is partly due to the failure of renewables which the climate crowd absolutely love. the wind didn't blow in europe this summer, big problem. how will they explain this brave new green world which really is not working? another problem for the market is the threat after debt ratings downgrade. it happened in 2011, financial reputation took a hit and so did the markets. we have the political chaos now about the debt ceiling that we had back then. another damaging downgrade is possible. but what really worries me is a cold winter, because that would really fire up energy price inflation which is bad already. that is "my take." let's see if we can find bob doll, yes, market guy at the moment. i see these two things putting a cap on stocks, energy inflation, the possibility of

delta came out with earnings and talked about the fact they've seen an explosion of booking from europe to the us. if we are getting ready to reopen, the second reopening because covid cases are down and plummeted and you and global demands on top of that i don't see how gdp does not accelerate to the upside from where we were in the third quarter and that will lead to much higher gains in equity markets such as dialing of the risk for the fourth quarter. especially in the small-cap area and that is why we see fundamental supporting that. stuart: you are selling big and buying small-cap. is that what you are doing? >> we are increasing exposure and increasing exposure to the russell 2000. for those investors who have risk tolerance we think we are seeing a consolidation right now. stuart: a space stock like virgin galactic. you can't buy into bezos's blue origin or musk's space x. would you buy into virgin galactic? >> right now for our positioning we would not. we favor financial energy and the russell 2000 for the fourth quarter rally. we have a fourth quarter rally coming and we will

natural gas and oil, once we hit that, oil in the 100 range, natural gas because of supply constraints in europe. stuart: i am watching energy price inflation and energy price inflation and so are you but you don't think the big drop comes until next year. we hear you and it is always interesting talking to you. you walk outside in new york this morning and you know the weather is cooling down. the temperature was in the low 40s. didn't like it. it is 9:30 eastern time tuesday morning. the trading day has begun. off they go. right from the start we are up not much but 112, 110 point gain for the dow industrials, the vast majority of the dow 30 are in the green. the s&p on the upside the third of one%. the nasdaq well above 15,000, gain of one third and one%. big tech is doing well, microsoft, new hire, $308 a share, apple is a, google is up, amazon is down $14 only. we have some earnings reports including johnson & johnson. start there. didn't they benefit from the jab? >> vaccine sales were hit by production hurdle, they kept their outlook for the year, $2.5 billion and raise their profit outlo

to get a deal, any kind of deal, some kind of deal, get it on the books so the president can go to europe. that brings us into disrepute all the time. people are going to laugh at it. >> as i said, as you look at how the government spends and manages their finances the easiest way for the american people to think about whether or not it is egregious spending is would you do it in your own house? the answer is going to be know. this whole billionaire tax, capital gains on publicly traded assets on billionaires but that will affect everyone. imagine elon musk, if he were to sell, to pay the billionaire tax. that will hurt everybody. there are so many extenuating consequences to this -- stuart: on the same page, we are that close. come again soon. always a pleasure. now we are going to cover microsoft. i own a thin sliver of it. microsoft watched by lauren. >> can't believe they had $324. revenue, fastest rate of growth since 2014 for the first time their earnings topped $20 billion. if you look at the hardware unit were x box sales are, despite supply chain issues, that unit sale is up 166%

disparate groups inside syria including the turks to walk that back, the biden team is mia d faring to europe. stuart: it was great, hope you're enjoying life, in washington dc. >> at the beach in a moment. stuart: see you again soon. stuart: fired fbi deputy director andrew mccabe got his pension restored. mccabe was fired two days before his scheduled retirement back in 2018. he sued the department of justice was politically motivated, settled and reached an agreement. and dallas of 289. friday feedback is next to the that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! stuart: no comment on the music. let's get our friday feedback. susan, lauren, ashley, stephanie writes this. what time do you go to bed each night to be rea

and, by the way, $6 here is $25 in europe. >> wow. stuart: can you imagine that? >> wow. is that because of pounds? stuart: yeah. that's an adjustment. that's in dollars $25. "saturday night live" is back with a new joe biden. roll it. >> how's everybody's summersome mine was bad. [laughter] definitely not afghanistan good. on the bright side, i went the entire summer without falling down the stairs once. stuart: ooh, that's a little brutal. we'll show you some more of the highlights just ahead. >>> a new warning about her migrants surging toward the border. what's the plan? i'll ask border patrol council president brandon judd later on the show. we're talking tens of thousands coming soon. >>> married to an unvaccinated person? that will cost you. new requirement for one major health provider has critics outraged. ♪ what's love got to do, got to do with it? ♪ who needs a heart when a heart can be broken? ♪♪ you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality cand