RUSH TRANSCRIPT dedicated teachers ░░░░░░░░ by a union the ░░░░░░░░ public schools into crisis ░░░░░░░░ hour of Varney starts ░░░░░░░░ now the big financial ░░░░░░░░ this morning was we ░░░░░░░░ in a recession whether ░░░░░░░░ white house defines it ░░░░░░░░ way or not we ░░░░░░░░ an inflation problem 8 ░░░░░░░░ revealed in today s ░░░░░░░░ report the market is ░░░░░░░░ responding to the numbers ░░░░░░░░ dow is up the ░░░░░░░░ P is up the ░░░░░░░░ is down a couple ░░░░░░░░ Ryan Payne market watcher ░░░░░░░░ the day is with ░░░░░░░░ now I defined this ░░░░░░░░ your own drum roll ░░░░░░░░ defined this as stagflation ░░░░░░░░ are in recession and ░░░░░░░░ inflation it is all ░░░░░░░░ wages we are in ░░░░░░░░ stagflation area because inflation ░░░░░░░░ high we saw the ░░░░░░░░ year treasury down under ░░░░░░░░ 7 inflation is coming ░░░░░░░░ but meanwhile wages stay ░░░░░░░░ baby boomers are coming ░░░░░░░░ to the workforce because ░░░░░░░░ have so many jobs ░░░░░░░░ fill that s not ░░░░░░░░ away anytime soon we ░░░░░░░░ you are not buying ░░░░░░░░ and gloom not buying ░░░░░░░░ at all Stuart what ░░░░░░░░ that mean for the ░░░░░░░░ market 100 we are ░░░░░░░░ the bottom at this ░░░░░░░░ the bottom is in ░░░░░░░░ close to 10 since ░░░░░░░░ month everything we ve ░░░░░░░░ talking about a negative ░░░░░░░░ market is aware of ░░░░░░░░ the market priced in ░░░░░░░░ coming to beat earnings ░░░░░░░░ market melt up the ░░░░░░░░ was good the biggest ░░░░░░░░ is positive news Stuart ░░░░░░░░ to tell me about ░░░░░░░░ Federal Reserve 8 7 ░░░░░░░░ taking their foot off ░░░░░░░░ break they are going ░░░░░░░░ do that or pivot ░░░░░░░░ think that is what ░░░░░░░░ told you yesterday the ░░░░░░░░ of that is inflation ░░░░░░░░ coming down we will ░░░░░░░░ more dovish they are ░░░░░░░░ in what they do ░░░░░░░░ monetary policy Stuart what ░░░░░░░░ you buying I love ░░░░░░░░ look great energy sector ░░░░░░░░ a long time peak ░░░░░░░░ not for another decade ░░░░░░░░ they are increasing this ░░░░░░░░ and Coca Cola looks ░░░░░░░░ the  old-school names.