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tv   Varney Company  FOX Business  November 15, 2023 11:00am-12:00pm EST

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where the teachers didn't even have to
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requires some kind of peace corps equivalent where students can maybe work down some of their college debt by teaching in public school systems across the country for a year or two. so instead of just forgiving the debt, let's get something back for it. as a nation and as one alternative. but we've got to think outside the box here. this whole thing is broken. we've got to go forward, not backwards. yeah it's broken. completely broken. taking us backwards. another subject, hillary clinton. she is calling for the elimination. that's an important word, the elimination of hamas. she says a cease fire would give hamas a chance to rearm. looks like the establishment democrats are firmly, firmly behind
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israel. you saw at that march yesterday a terrific performance from establishment democrats and i think the hamas lobby as i will call them, the squad. there were aced out of this, may have a turning point here. you know, i mean, she's she's right. of course. and she bases it on her own experience as secretary of state and an agreement that was reached with hamas at one point. and they promptly broke that cease fire. she says, you know, they'll continue to be a threat to israel forever for if they're not eliminated. so she's making sense from her experience. obviously and i do think what's interesting is you're seeing this sort of middle that is kind of formed. right. i think you're probably going to also eventually have some people on the republican side, which we've seen in ukraine, not want to be too involved. right so the isolationist wing versus the sort of more hawkish wing, for lack of a better word. so there's a very interesting political dynamics going on with these two wars that the
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president has on his plate right now. it was good to see the democrats, the democrat leadership, the establishment firmly behind israel and the leadership of the republican party, firmly behind israel. it was good to see that unity, especially at that rally of 300,000 people. i think that's a turning point. that's a that's a change of direction for our understanding of israel understanding for american politics. >> these people have experience in the deep experience in issues whether you agree with hilary clinton or not on a lot of things she understands the dynamic in the middle east and that's what's lacking you can go back to the education question on this with a lot of the young people and why don't think have a deep understanding of the dynamic. stuart: we will watch a this afternoon, thank you for being here. back to the markets i see the rally continues, the dow up 130
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and the nasdaq up 76 points, plenty of green does this rally have legs? >> i would have to say so obviously another great day on the board and over 80% of s&p positive suffered today and i have to say the santa claus rally fortunately is going to happen for us, i do think there will be a rally into year end but i have to tell you what my favorite quotes when it comes to the stock market and old wayne gretzky quote skate to where the puck is going, you have to skate to where it's going and anticipate. i gotta tell you, it might not be the magnificent seven that rallies into year-end it actually underperformed equal weight s&p where i think the pock is going is the best way to play the rally into year end is through small caps. small caps obviously incredibly well yesterday a private half percent, the last i checked up
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1.7% today and whatever your expected lower interest rates in the future whether that is right or wrong we can have the argument both ways but when you expect lower rates into the future companies that make no money and 40% of the russell 2000 makes no money can do very well from a performance standpoint. >> can you invest in small-cap companies doing well, is there an index representing small caps that is easy to invest in a basket of the companies? >> i think they go to etf would bid a em the russell 2000 etf, a lot of people use as a proxy for the small-cap stocks and i've gotta tell you, right now you see a lot of windowdressing going on for money managers, anyone who is offsides and overly bearish throughout this year and went all in on their bearish bets the gotta try to
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make it look like they were not so wrong the get a chase performance and what i say is good luck if you have not been in large-cap growth your way behind. if you not to catch up that way you have to think outside of the box in small-cap iw m is the etf could be a way to play catch-up. stuart: may bid that i'm in big tech maybe i should get after the small caps iw m. that's a recommendation from you you will have to live via if i lose money you'll never eat lunch on the side again. thank you so much for being here, we will see you soon. come on in ashley i wouldn't of general motors has responded for the reports that autoworkers could vote down the tentative deal, have they responded? >> as of now all general motors will say is we need to continue to respectively decline until the uaw has completed the ratification process. a long way of saying no, the uaw says those reports that the deal could be falling through our
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wrong but the issues with the deal are reportedly twofold long-term workers are not happy with the plan i think it is what he 5% pay raise compounder. an identify a pension plan instead of a 401k plan that is currently in place. those are the two major hurdles, will have to wait and see but the news is pushing gm down a little bit down more than half 8%. stuart: i defined benefit plans for the pension that are very expensive for the employer you get locked into long-term liability i'm sure gm does not want that. coming up in the reports as a pentagon is quietly ramping up military aid to israel were getting the details of what that support includes, letitia james has been spending a lot of time in court smirking while donald trump's legal team presented its case i will ask legal expert
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♪ ♪ that is you can't hurry love. 5060 degrees and georgia. it is raining. president biden meets xi jinping in san francisco later on today
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greg palkot is with us, what are the biggest foreign policy challenges a biden faces in the meeting. >> a whole bunch there is a lot riding on this meeting absolutely, china's president xi jinping is in the san francisco area for the asia-pacific economic cooperation summit or the apex, as it's called on the sidelines of that he will meet with president biden. they have a lot to discuss with their last meeting and the summit last fall since then strategic and trade relations have worsened in china's economy has been in the doldrums as well, what we do know they will be agreement to increase the use of renewable energy sources to try to slow down global warming and a commitment to deal with the trafficking of the opioid fentanyl but no real specifics or major breakthroughs are seen on economic or business matters. as for geopolitics, there will be the reestablishment of military to military could be dictation in a push by the u.s. to galli iran to get into back
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of the broader involvement in the israel hamas war, as for attention surrounding taiwan, the island democracy china claims as its own, i would not expect too much there. regardless president biden will push on all sorts of fronts looking for any kind of president xi on intractable increasingly dangerous north korea, the ongoing war, russia and ukraine and considering the state of the economic situation in china you meant to mention president xi will not only look to president biden but to some business folks in california for some help on that side of the front, back to you. morgan ortagus joint is a former spokesperson at the state department. i have some news coming in today, xi jinping will skip the dinner tonight with world leaders. instead he's going to have dinner with american ceos, what do you think of that.
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>> a ticket shows america is for sale that's what it says to him, though ceos are doing business in china and selling a widget i understand however, there has to be a clear line set and people must understand private businesses in china are not the same thing as here, thereby law they are beholding to the chinese, this party and you could inadvertently there is a lot of pension funds right now in america that are inadvertently supporting the pla through the businesses that they fund. it is reportedly mike gallagher who is the head of the china committee the sub $40000 to attend this dinner, i hope the 40 grand can buy you a conscious as well. stuart: how far do we want to push away from china what separation should we have, band tiktok, they cannot buy farmland in america, are we in favor of that. >> yes we need to treat the chinese communist party the way
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we are treated in china do you think they allow us to buy chinese land near their military bases, do they the they would allow an algorithm and american version of tiktok in china, for course they don't. the version of tiktok in china is different than the one that they allow here that should be in addition to fentanyl at the top of the agenda for president biden he should demand that tiktok has to be sold to a u.s. company. we are poisoning the minds of our young people look at what happened in israel hamas by young people being radicalized on tiktok look at the suicide rates for teenage girls because of covid and what they see on tiktok, it is digital fentanyl and poisoning the minds of our young people and our politicians say it is a free market we cannot be on things, find force the sale. stuart: a separate question entirely should president biden meet one-on-one with bill with leader of taiwan who will be on the apex, and san francisco, that would be very provocative wouldn't it. >> i will say no and that's not because i don't think we should meet with the taiwanese i went to taiwan several years ago and hope to go back that is one
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thing that sets the chinese up more than anything, after nancy pelosi went to taiwan that's why we ceased to build conversations up until now we will have an announcement on that, what are the things that i worry in every theater of the world this administration likes to talk big but they don't have the action to follow it up if you take the provocative step of meeting one-on-one with a tiny wheeze leader you better be prepared to back it up, i don't know that this team is. >> the president believes that a deal for free dozens of hostages held in gaza is going to happen, roll tape. >> give them a message of hope and resilience. >> i can i been talking with the people about everything go today i believe it's going to happen but i don't want to get into details. stuart: holding hostages is effective strategy i regret to say but it is infinite. >> it was tough for me to watch the clip of the president
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because what we do with hostage negotiations and rescues are some of the toughest that the u.s. government has to do and i think as much as it hurts not to say anything the president should not say anything until there is a deal yet the families that are holding on to hope every ounce of hope and there has been plenty of hostage situations where the u.s. military went into rescue and the hostages did not come out alive or people get to the end of the negotiation of employee of the state department with mike pompeo, president trump got 58 hostages out for $, this administration likes to pay $6 billion for people who are hostages detained or look at brittney griner they cherry did the merchant of death for her and what did russia do they immediately took the wall street journal list hostage. unfortunately this administration does not have a
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great track record on hostages. of course they get them out. we hope we get every hostage and every american wrongfully detained anywhere in the world you want to get them out. this administration does not have the best record of a good negotiation into good deal in this particular negotiation with hamas is going to be incredibly fraught because they are not hostages, for hamas there human shields. stuart: thank you very much for being here, we always appreciate it. ashley, come on in. what it was going on america is quietly sending israel more aid, what are they getting. >> this is according to the internal defense department, the u.s. has kept the weapons pipeline o the well-publicized iron dome interceptors and boeing smart bombs, the inventory reportedly includes more laser guided missiles for the gunship fleet and night vision devices, bunker busted under buster munitions in missiles, the weapons are already being shipped in the
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defense department is working to make them available from stockpiles in the u.s. and europe, the pentagon spokesperson declined to discuss the specifics but the defense apartment said it is leveraging several avenues from internal stocks to u.s. industry channels to ensure israel has the memes to defend itself. stuart: thank you, we're going to check the markets, i see the rally is holding the dow industrials up 41 points, the nasdaq up 87, the s&p of 22, the rally holds there is plenty of green. president biden expected to finalize a deal with china to crackdown on fentanyl we will tell you what is in the deal, speaker mike johnson says separating the church in the state is a misnomer, his word doesn't conflict with the constitution, gregg jarrett has a new book all about the constitution and greg is next. ♪
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stuart: same old same old, improving inflation situation, the stocks go up the dow was up 120, nasdaq up 83 at this point. the dow is at 34936.
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show me big tech i ask you to do that because microsoft unveiled to new a.i. chips one that they believe could replace invidious chip and the cloud microsoft at this moment is up a few cents, that is it, the ten year treasury has been going up but is still going up we have the yield at 4.52%. now show me target they reported earlier this morning the stock is surging, did they mention retail theft, did they mention that in the report? >> yes they did and while they be on third-quarter earnings and revenue target said retail theft indeed is still major problem. the retail has closed nine stores across four states because of theft and the threat of violence to employees and customers. we just saw a picture, target store in white plains new york where sales of men's underwear had been put under lock and key.
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insane, industrywide the national retail federation says losses from theft have $112.000000000 last year that is up 20 billion from just 2021, former target vice chairman gerald stortz says the retail has taken a soft approach to crime and is paying the price. >> i think they can't have it both ways they cannot complain and not let the police do their jobs. >> it is interesting target has been hesitant to confront shoplifters and have police arrest thieves. they fear negative responses of pushback on social media. in california jim cooper is been very outspoken about retail theft, he says the strategy of big box stores like target are adding to the problem. >> employees are told not to call don't call law enforcement we seen a bunch of problems of the is definitely underreported the numbers are much more
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staggering than the public gets and it's troubling when folks go out in your viewers go out and shop and see sibley walking out with property they haven't paid for on a regular basis. >> inferior rating is a good word the criminals must be held accountable and lawmakers across the country are starting to act, 19 states now have laws to combat organized retail crime expanded the criteria that would make such thefts a felony charge. i hate to say it but the criminals are still winning and believe the consumers are paying for in higher prices. we need to start enforcing the law. i think so, not bad. new york and attorney general note until letitia james is smirking throughout donald trump civil trial in new york city, gregg jarrett is here, do you think gets a fair trial in the city. >> absolutely not, the fix is in. her smirking throughout truly demonstrates her bias that has
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infected the case and it's a politically driven case. she campaigned on the promise of getting trauma she literally said those words is an egregious violation of the canons of ethics that govern prosecutor she committed to a pre-drained outcome in advance of even taking office she had not open the file or seen the documents or had access to any evidence and then she condemned it and said she would nail him. that's the kind of thing that lawyers should get disbarred but it is new york it won't happen. stuart: is it that grounds for appeal. >> it absolutely is. they have been making a motion for mistrial, it'll be denied by an equally biased judge arthur ait was cited with prosecutors and undermine more than a century of established common-law on civil fraud in
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this cockamamie statute that they're using also violates the constitutional protection on commercial speech. >> let's go to a different trial the fulton county da fani willis says the trial in georgia could spill into 2025, what do you think of that. >> she intends it to interfere with the election and for in fact interfering with trump taking office in january of 2025. she had two years to bring this case there was an abundance of evidence, she stalled and delayed and she waited to bring it until the campaign was underway. this is another politically driven prosecution and it's also an exaggeration of racketeering statutes, this is not an organized criminal enterprise, disorganized if anything at all
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in moreover trump has various defenses including the first amendment. stuart: not getting a fair shake izzy. speaker johnson says the separation of church and state is a misnomer, that is his word, you have a new book is all about the constitution, the constitution of the united states and other patriotic documents. can you tell us does the separation of church and state the whole idea in the constitution, or does it conflict with the constitution. >> it is in the first amendment free exercise clause which embodies the principle of separation of church and state. i think his argument is that faith is an endemic part of our nation and to some extent our government and he is right about that, the word of god is mentioned in the opening sentence of the declaration of independence twice more throughout the document nearly every state constitution makes a
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reference to the divine creator of god and dishonor currency in god we trust it in our pledge of allegiance and the supreme court has said those are historic practices that are perfectly acceptable. so his argument we are people of faith and to some extent so is the creation of our government. stuart: your new book the title the constitution and the united states and other patriotic documents and not just the constitution written out in your book your taking a position. >> visa letters and pamphlets and addresses and speeches by america's greatest patriots beginning with patrick henry and it goes all the way through history, abraham lincoln, frederick douglass, teddy roosevelt, franklin roosevelt, ronald reagan, many of his addresses are in here it
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actually ends with donald trump's memorable address on the 75th anniversary of d-day, for anybody in america who cares deeply about this country and the principles of a constitutional republican democracy i think this is an important book for them to have it is a collectors edition. stuart: gregg jarrett thank you very much i'm sure we'll see you soon. now this the pga tour will start offering some players the chance to have a direct equity stake equity ownership in the pga how about that. we will have details. ahead of president biden's trip the streets of san francisco were overwhelmed by the homeless now they are nowhere to be seen, local gym owner wants to know why the city couldn't be cleaned up sooner and will it last. daniel rapkin joins us from san francisco next. ♪
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stuart: there are a lot of business owners that are not happy with the city's position to deep clean ahead of the bidens meeting with xi jinping, daniel rapkin is a business owner and san francisco enjoins me now. why could they not do this before. >> that's a great question i'm thrilled that they are doing it now because if it was not obvious over the years it is sure glaring obvious now that the people in power do not care about pausing harm to their constconstituents to push theirn agendas let this serve as a reminder to all of us that they are being super transparent about the fact that they do not care and they just want to look
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good under the national spotlight. stuart: how long do you think it will take before goes back to the way that it used to be? >> it's funny san franciscans have been joking about this over the last few days is equity take a few days or a few weeks, some people think 30 minutes, don't be fooled, this is not a permitted change this is not the impetus for change i truly believe things will go back the way they are pretty darn qui quickly. stuart: does it affect your business and how much business you can do? >> 100% it affects my business is incredibly frustrating san francisco is a busy city and it's very expensive and attentive regulations permitting the rent is astronomical, we need all the help that we can get to survive and having squalor on the streets makes it very difficult, people do not want to live here and with the rise from work from home policies, they do not have to live here anymore, san francisco has gotten away with poorly run
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and do not getting away with it anymore because people are not forced to stay here, i find for sure it's always been a transient city and it's more so now than ever before, people are leaving all the time. stuart: what i don't understand is why local people don't elect different politicians. >> also very frustrating i don't think anyone can expect there to be change unless change happens at the ballot box we need to try something different nothing is changing were pouring hundreds of millions of dollars in the city alone forget what this day is spending were not seen change why not try something different i completely agree i hope that this serves as a wake-up call to people. stuart: danielle i hope it stays clean exactly where you are and where your businesses but i don't expect it to say very clean for long, that is a fact, daniel rapkin, thank you for being on the show and tell us
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how it really is, we appreciate it. >> i hope you check it a few weeks to see how things look. it is a deal thank you very much. the u.s. and china are about to sign a deal to cracked and affected all, do we know what is in the deal. >> it's a crackdown on the export of the source chemicals that they used to make fentanyl into export those and flowing the materials into mexico and fentanyl is up to 50 times more potent than heroin stronger than working, where the 150 people die every day from overdoses related to fentanyl, investigators say chinese brokers and family-run networks in china export the chemicals even in some cases providing recipes to the cartels and to take substantial to cut off the
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supply. the say it before and we'll see what happens now. we could really change the subject, working to turn into something really for the positive, the 2023 national dog show is a week away. that means it's time for joe overly he is here and he is a cute dog with him we're going to preview the whole show and preview the dog with john overly right after this. ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim:
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>> the pga says that offer players equity ownership. come on in, what does this mean and how does it work? >> both very good questions were not totally sure, in negotiations working towards an investment agreement with saudi arabia public investment fund which we know owns liv golf in the world to her the idea to combine the business interest of the golf leagues and encourage outside investment. part of the discussion involves offering equity ownership to pga
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players and the details have been made public but the polls say it'll be stronger when players are like the commercial success of the business the pga says it'll be a unique offering of professional sports and know what the league allows players were members direct equity ownership in the league's business, interesting. stuart: we got it. look who's here the man himself coming on the show before thanksgiving, the dog show john o hurley, the national dog show it is fantastic rating. i want a piece of those ratings that's why jonathan is here. in the embodiment of a 4-year-old beaver terrier this is what we look at on thanksgiving day will.
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>> this is on the machine is not in the dog show she's actually not she's one of the top range in dogs and will not be there on thanksgiving day. >> this is a brand-new breed interestingly we have 209 breeds at the akc that recognizes. in 2002 we had 165 you can see how the breed recognition has grown she is a relatively new breed but a popular breed we're going to have 25 of hers out there competing for the best of the breed. stuart: i'm sure you have noticed but post-pandemic there is an awful lot more dogs. >> two observations on that a lot of people dogs for companionship during the pandemic but a lot of them return them after the pandemic and our shelters are overwhelmed right now. it's actually a problem because of the cost of keeping the dog has gone up obviously but the cost of living is very sad and
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more dogs will return to shelters. stuart: what are the dogs judged on apart from the way that they look and what about behavior. >> behavior is a given these dogs are extraordinarily trained we've only had one accident in the ring in 22 years and happened to be the great dane of all dogs who went by the nbc booth and their i am and squatted and left me an editorial comment on my performance right there, they are judged on the written standard every breed has a four-minute function is a written standard of what the representation of the breed should be. were really not judging one against the other the judge gives the written standard of the breed. stuart: how about the person who holds the lease. >> the handler, it's interesting the people that do this is like i walk a dog, it's how you show the dog off to the best.
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the dog will have a certain pace that is a natural pace, you will have to learn that, what is the best pace that you show the dog so they look their best, the best handlers are invisible, they know exactly how to stack the dog perfectly in front of the judge and let the judge do the rest. stuart: apart from the beaver terrier that you are holding what is your favorite breed. >> very easily the irish center when it comes into the ring you see the blue behind me imaginable with auburn hair dog very erect and athletic coming flying free it looks like the redhead that walked into the cocktail party. all the heads turn immediately to see the irish setter. that's my favorite. i would not own one. >> against extraordinary ratings. 3 million people. and through the weekend and what have you and it'll creep upwards
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30 million. it would be a best in show the seven groups. stuart: is on thanksgiving day. we can have a special side thing that. has put together, it's called thanksgiving top dog, during the show from 12 - 5 you will be able to put pictures and videos of your dog on in all of america will be voting for the top dog. stuart: hold on a second act to deliver the wednesday trivia question which you may play. >> at moderate to be in your presence. father is the mother's book of television. how many states have one u.s. representative to, four, seven, nine, stating for the answer with john o hurley after this. ♪
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stuart: a good question. how many states have one us representative. very rural states, as tradition
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has it you are first. ashley: i traditionally go first and get it wrong. stuart: john o hurley. >> i will side with ashley on this, it only had two. stuart: i would like to know which state to they are. i will go with four. the answer is seven. are you kidding? alaska, wyoming, montana, north dakota, south dakota. your summer estate. all those states have one representative. i want to thank you for sticking around for the trivia question. and bringing your lovely terry year. >> love spending time with you.
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