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tv   Varney Company  FOX Business  November 28, 2023 9:00am-10:00am EST

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oversight committee will accept a public forum on december 13th, which is what hunter biden is offering to testify. and the house hearing which, again, would be an open public hearing, the republicans have called for hunter biden to testify in a closed door session. other news break out of the middle east, we are learning over the last hour that three explosive devices were detonated near israeli troops in two different locations in the northern gaza strip, potentially hamas violating the framework of the current ceasefire. we will continue to cover that. stay with fox business on all of that. chris, cheryl and john, great to be with you, thank you. have a great day, everybody, we'll see you tomorrow. "varney & company" picks it up. stuart good morning, everyone. let there be no mistake, on line shopping has taken over. we just received the numbers from cyber monday. according to adobe, we spent $12.4 billion on online shopping yesterday.
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now, that is up 9.6% from last year. that is a very solid performance. quickly to the markets, minor losses monday, no impact from the cyber monday figures today. we have the dow down about 14, s&p down 7, nasdaq down about a 19 points. not that much movement on this tuesday morning. interest rates, same story, not that much movement. 4.39 is the yield on the 10-year treasury, that actually up a little bit. the 2-year coming in well beau 4.9%, right now at 4.85. oil, let's see, it's been in the mid 700 range, we're at 75.50, and gas has gone down almost every single day for two months. today regular averages $3.24. that's down one more cent. no change for diesel, $4.23. bitcoin, that rally holds, $37,400 this morning. that's bitcoin. the cryptos doing okay. politics. chaos at the white house.
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speculation that the staff reshuffle is coming. the president down in the polls and losing ground on all the issues. karine jean-pierre pressed by fox's peter doocy makes remarkable claims about the president's performance. she says the economy was in a tailspin when biden took over and that prices are actually coming down. >> we have this just coming to us, hunter biden has agreed to testify before the house oversight committee. we'll have more on that just a little later. on the show today, a young israeli who saw her father killed and spent 11 hours trapped by hamas when the terror attacks began on october the 7th. we'll have the full story if her. we'll have an update on the new york high school where a student mob chased down a jewish teacher. still no explanation of why so many people of color support the terrorists of hamas. and we'll look at discrimination against with obese people. new york has passed a law, but it looks to me like a lawyer's charter. bring on the lawsuits. and did i get it wrong? i said consumer spending was
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wrong over the thanksgiving weekend. retail expert gerald store the. says, not so. he's looking for a weak holiday sales stop sign. nonetheless, we're going to put him on the show. it is tuesday, november the 28th, 2023. "varney & company" is about to begin. ♪ ♪ ♪ ♪ stuart: ladies and gentlemen, you may find this song rather unusual. it's by a band called 30 seconds to mars, the singer is gerald leto. -- jared l exto. this -- jared let toe. the end of the world is with us, but it's the beautiful day. that was my choice entirely. [laughter] why are you laughing? look at sixth avenue. it's decentered.
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lauren: yeah, i know. that was my first reaction, where is everybody? stuart: didn't like the music, you just looked at sixth avenue. lauren: it was fresh for me. stuart: we're going to start with cyber monday sales. lauren: okay. adobe analytics, we spent $12.4 billion online yesterday, up 9.6% from last year. peak hour was 10-1 1:00 at night people on bed saying, a couple hours left, let me get it all in. we spent almost $16 million per minute between 10 and 11 last night. buy now, pay later, we saw another surge of 42% from last year, $9490 # million worth -- 940 million of purchase purchases, $2000, four payments -- $200, four payments automatically deducted from his account, 50, 50, 50, 50, that's how it works. overall this holiday season -- i'm sorry, this cyber monday
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weekend, the five days, we spent $38 billion overall. stuart: that's a pretty strong performance. lauren: cheryl doesn't think so, but i say so. stuart: it suggests online sales has really taken over. lauren: christmas is on a monday, i believe, so that final weekend, that's when people are going to go to malls and shop, so we could see a big uptick. last minute shoppers. stuart: not me. thanks, lauren. switching gears, let's get to politics, the bread and butter of varney if company. karine jean-pierre was requested whether we might see some changes at the white house. roll that tape. >> reporter: has there been any talk by this white house about a change in strategy or staffing going forward in reflexion of those numbers continuing to show him underwater? >> no. >> reporter: should we be anticipating the any departures of any cabinet -- >> look, i can't speak to people's personal if decisions. we don't have anything to announce at this time and, you know, we're going to continue to
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do the work that the president set out to do. stuart: we don't have anything to announce at this time, that's interesting. and hook at this, it's an op-ed in "usa today," earth to democrats: biden presidency is a dumpster fire. we need the former governor of arkansas whose name happens to be mike huckabee joining us now. for plenty of warning signs. do you think there's something going on here, governor? >> well, it appears to be when the press in the white house start asking these kind of tough questions, they're all feeling it. i mean, right now f if karine jean-pierre -- by the way, there's a talk show host in nashville who has nicknamed her cringe jean-pierre because every time she speaks, there's just cringing going on with what she says. but for them to claim that bind's doing a great job and -- biden's doing a great job and everything's coming up roses and ethyl merman is just off stake warming up to sing, look, here's
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the reality. trying to say joe biden's presidency is doing well is like that captain of the titan titanic caming on can the deck and saying, folk,s, we have decided to identify this ship as a submarine. everything is going to be just fine. it just doesn't sell. and people aren't buying it. it's why joe biden's numbers are not just underwater, i mean, they're sinking rapidly. stuart: i want you to listen to education secretary miguel car done. that he misrepresented a famous ronald reagan line. you've got to watch this governor. it might hurt, but just watch it. >> as i think it was president reagan said, we're from the government, we're here to help. there are resources there, there's technical assistance there, and there's a playbook that can support the work you're doing. count on us as a partner in this. our students are waiting. stuart: that was a little longer than we expected, but here's what reagan actually said. roll that tape, please. >> the nine most terrifying
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words in the english language are, i'm from the government and i'm here to help. [laughter] stuart: okay, governor. have at it, why don't you. >> i mean, he totally messed up the line. he got it exactly polar opposite of what reagan said. reagan said that the problem is not, you know, that we have too little government, we have too much government. and when the government says they're going to help you, they're going to hurt you. and then the education secretary comes out thinking, i guess, he's going to be real wonderful and bipartisan quoting reagan, and he totally muffs the line in a way that is laughable. that's why we're economicking about it today. -- chuckling about it today. i heard those great numbers on online shopping that you just mentioned, $12.8 billion? stuart: 12. 4. >> i just wanted you to know that my wife is personally responsible for most of that. [laughter] stuart: lauren, sitting right next to me, is personally responsible for another chunk of it late last night. lauren lauren we'd get along
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just great. [laughter] stuart: governor, you're all right. thanks for joining us, see you again soon. >> thanks. stuart: what's this? a billionaire is the home depot cofounder, ken langone, great guy, frequent guest on the program. he says he's going to meet with a republican candidate -- i know who this is,, who is it? if. lauren: nikki haley. he's soured on ron desantis. once desantis signed florida's law banning abortion at six weeks, he was a little with pit of a question mark and, obviously, nikki haley is a little bit more of a mod rate. so he may switch teams. meanwhile, look, it's still a race for who's number two behind donald trump. there's a superpac that spent $35 million in the past -- 3.5 million in the past two months knocking desantis, absolutely nothing attacking trump. i know the former president had huge rallies in south carolina, but so did nikki haley.
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she drew her biggest crowd yet with, which pales in comparison to donald trump, and she will not hit donald trump, but she says repeatedly drama and chaos follow him. stuart: i'm just going to say in the run, in the hunt for second place, it's nikki haley who is leading the pack at this moment. she's got the momentum. lauren: i agree with that. stuart: and desantis does not at this moment. lauren: at this moment. stuart: we do have the latest on the case shiller report on home prices. got to remind everybody these numbers are two months out of date, two months ago. have that in mind. lauren: they speak to the trend that you're still seeing a huge annual gain. for september, up 3.9% from last september. but when you look from september to august, they're moderating. the cumulative effect means housing is expensive, as we're showing you the month over month over month increase. you have a near 4% gain on the year, that's tremendous and painful for people even though
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now things are starting to improve. it's the qume la they've -- cumulative effect. stuart: it's tuesday morning before the market opens, we don't have. that much price movement. down 32 on the nasdaq. david nicholas with us this morning. i want you to comment on the cyber monday sales, $12.4 billion, up 9.6% from last year. what does that tell you? >> well, stuart, yeah. between governor huckabee's wife, my wife and lauren, this was a strong holiday season sale, so that's good news. i wouldn't be caught dead inside of a mall these days, but spending was up. here's the bad news, it's how consumers are paying for it. i was looking for the numbers from klarna, one of these companies that allows installment payments, their installments are up 30%, the total number i read was 45% that people are doing buy now, pay later. this tells me, stuart, we're really putting band-aid, some makeup on this.
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the consumer is strapped. bidenomics is not working. i think you have half the population that's really going into debt just to keep up with holiday shopping. so to me, this isn't great news like it looks like on the surface, stuart. stuart: the i know you brought a biconcern dividend play, the southern company, i believe. make your case as to why it's a good deal. >> stuart, you may get on me about being boring, but i think this is an okay time to be boring. look, there is a global demand for renewable energy. why i like southern company, they're a leader in this. they just purchased two solar energy plants, they have about six different nuclear plants. this is a company that's looking to the future. now, it pays a 4% dividend, i know that seems boring, but what i want viewers to understand, stuart, is you may buy a bond that's paying $5%, but that's all you get. if you look at southern company, they've paid we a dividend for 33 years, raiseed it for 22 years. the stock's up9 0% with the
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dividend in 5 years. you also get growth, they're free cash flow positive, i think you buy this stock with both hands. we it's a pretty good -- stuart: some stability too. all right, david, see you again soon. now, coming up, peter doocy, fox news' peter doocy, he grilled kjp if on why a majority of americans aren't buying biden's economic message. roll it. >> reporter: why do you think it is that when you say the economy is improving, that president biden says the economy improving, that a majority of americans outside of this building are not buying it? >> when we walked into with this administration, the economy was on a tailspin. stuart: what? i don't recall a tail tailspin. the economy was not on a tailspin when biden took office, but we'll get into that later. israel says hamas has violated the terms of the ceasefire if after three detonations and gunfire near idf soldiers. trey yingst has a report from israel next. ♪ ♪
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now, hamas releasing a statement of their own pointed the finger at israel, claiming the israelis are behind the violation of this ceasefire. it's unclear how this will play into the negotiations and the expected release of more hostages tonight. here at the ichilov hospital in tel aviv, we continue to follow updates after the release of 11 israelis overnight,9 of them children. hospital officials talking about their condition. the israelis were taken from a small community along the gaza border on october 7th during the maas consider. officials are hopeful that 10 additional people will be released tonight and that the ceasefire could actually be extended once again. it's already been expended 48 hours. it's the families reuniting that stand out this weekend. look at this video here, this family reunited with their dog, and it gives you a sense, you see the joy on the children's faces just of the horror they experienced and the opportunity that they're able to just see loved ones and their pets again. all of this taking place though as a fox interviewed the family
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member of another family, all of their loved ones still being held inside gaza, just giving you a sense of how unpredictable it is for those who have not yet been reunited with their las vegassed ones. take a listen to that aunt. >> they lost their home, there's nothing to come back to. every family that you see, those children receiving that dog, and they have no home to go back to, no -- nothing that they knew from their previous life exists. >> reporter: so many people lost everything, and 53 days into this conflict, there is no end in sight is. stuart. stuart: hamas has broken the truce. has the idf responded with an attack of its own? >> reporter: so the israelis say they responded with live ammunition inside gaza. there are reports they scrambled
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fighter jets, not clear if they actually conducted any strikes inside gaza. but all of this illustrates just how dell -- delicate the agreement is, and a lot of conflict on the ground inside gaza. stuart: does this put a hold on any hostage release? if >> reporter: we're not sure. we do know that at this hour there are top officials in doha, qatar, that are meeting with negotiators trying the determine if those 10 hostages will still be released tonight. remember, they're being exchanged at a 3 to 1 ratio, so if they are released, the palestinians will see 30 people released this evening. stuart: got it. trey, thank you so much, see you again later. we've got a new report from a human rights organization acknowledging that hamas did, indeed, cause that hospital explosion. this organization has a long history of anti-israel statements, so this is a big deal. members of the squad, they were quick to blame israel for that blast at the hospital. what's the squad saying now?
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lauren: last check, nothing. they're said nothing. the name of this typically anti-israel group is human rights watch and, yes, they just said what israel and what the u.s. has said, that it was a misfired palestinian rocket that caused the hospital blast back on october 17th. rashida tlaib and ilhan omar blamed that on israel. i haven't seen either one of them say we were wrong, that's not the case. stuart: and in the u.s. congress. a disgrace. a self-proclaimed journalist getting slammed for saying a hostage was express, quote, appreciation to hamas? lauren: i almost don't want to give this woman air time. her name is marie campbell. she was talking about one of the hostages, mia. she says i'm not a facial expression exe permit, but judges by the look in her eyes are and the expression on her face, i'd say that is the look of appreciation and thanks. stuart: dear me. lauren: lauren: saying thanks for being treated unexpectedly well whilst
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in captivity? marie campbell is called a lunatic on social media even by msnbc for telling us that. the reality is that she was shot and kidnapped. her brother is still being held by hamas. this isn't a story, a love story, to abductors. it's propaganda. those released hostages were told to smile and wave. it is day 53 of the war. they're returning to homes that don't exist, some of them are orphans. that's the reality. stuart: yes, it is. she should never have said that. thank you, lauren. let's get back to reality, that would be financial. the dow down a point, nasdaq down 34 as we run up to the opening bell on wall street. we'll take you there after this. ♪
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give you extra benefits. including coverage for doctor visits, hospital stays and prescription drugs. plus, dental, vision, hearing and more! look, with so many options, it can be hard to find the plan that's right for you. so, call now and let a knowledgeable, licensed humana sales agent explain your coverage options, answer any questions you have, and if there's a plan in your area that will give you extra benefits, help you enroll over the phone. it's that simple! call now and we'll also send this free guide. humana. a more human way to healthcare. stuart: a little bit of red ink on the left-hand side of the screen but not much. michael lee with us to cover the market for us. okay, cyber monday sales, $12.4 billion, up 9.6% from last year. what does that tell you? >> well, stuart, that -- it's the continued shift of shopping
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from bricks and mortars into online. people don't want to leave their house, they don't want to get involved in the crowds. but overall, black friday spend according to mastercard's spending polls was only up 22.4, and when you look at that in the context of 3.5-4% inflation, not exactly spectacular. stuart: so what does that tell you about the holiday sales season that's coming up? >> yeah, that, you know, we're probably going to be up between 3-4%, which is about even with inflation. not a total collapse, but the am of money that's being -- the amount of money that's being spent on credit card and in addition to credit cards, alternative financing methods whether that's affirm or paypal or any of these other different ways of financing short-term purchases, that's up 15% year-over-year. and when you look at credit card debt at the lowest 100 banks, delinquencies are at all-time highs. delinquencies at the top 100
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banks are at decade highs, and if you look at that in total, it looks like a hockey stick of them spiking. so the consumer is weakennenning. i think this is kind of the last huh rah before things all off a cliff earlier next year. stuart: fall off a cliff earlier next year. are you talking about the economy and the market? >> well, definitely the economy. i think the market can continue to hold in there because what's been driving the market this year are the magnificent seven, the most recession-resilient businesses with the cleanest balance sheets. and in times of economic uncertainty, businesses that have basically bulletproof proof business models continue to take share. i think that's going to continue, so i think the market on a whole can hang in there while the underlying economy continues to deteriorate. stuart: okay, one last one for you. do you think that the nvidia run is over? >> i think in the short term, yesment and -- yes. and i think that's because the buy side, the hedge fund world, the large mutual fund managers
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are unsure of what 2025 text band is going -- tech spending is going to be. as i've been saying, nvidia's going to earn $50 billion in earnings which means the stock's trading at 25 times earnings, so i would use this period to accumulate because everything we know about a.i. is that it's exponential growth. so i think 2025 will be a much bigger tech spend year for artificial intelligence, and our favorite pick axe seller is nvidia. and so i continue to add to it. stuart: a big nvidia fan, is mike lee. all right. the market is now open. there you go. [laughter] dramatic, isn't it? we've opened actually slightly -- dead flat. let's be honest here, that's not much price movement for the dow industrials. now we're up a point, before we were down a point. a roughly even split, winners and losers, amongst the dow 30. the dow is right now up 14
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points, 35,352. the s&p 500 opening with a fractional loss, .08 down. all of 3 points, nothing. the nasdaq composite down 16 is points, .1%. nothing. show me big tech, please. a mixed bag. microsoft is moving up to 3. 9 -- 379. apple, 189. alphabet at 336. a mixed picture and not that much price movement for big tech. boeing, that has opened, and it is rallying. you're looking at a gain there of about 1%. i want to know who's bullish on 'em and why. lauren: rbc, and they say shares are going to $275. two reasons, improving max if outlook. this is the plane that boeing has struggled to get back into use worldwide and sustained, that's a quote, strong demand. did you know that the tsa said 2.9 million people flew on sunday? the most ever. not the most since covid, the most in history on a single day.
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stuart 2.9 million? on one day? lauren: yep. boeing makes many of those planes that those customers, passengers were flying. stuart: i'm just glad i wasn't at the airport -- lauren: that was my exact reaction. stuart: i'm told apple's supplier, foxconn, or they're looking to diversify outside china. where are they looking? lauren: india. that is a huge slam for china. foxconn is one of the biggest employers in china, 70% of its revenue if -- foxconn gets 70% of its revenue from china. but foxconn's clients like apple are looking to diversify their supply chains away from china, and india is dangling tax breaks and incentives, and companies like tesla and apple are saying, okay -- stuart: yeah, right. [laughter] lauren: it's bad for xi jinping. stuart: why wouldn't you? offer me tax breaks, and i'll move. why not? i see something about amazon wanting other companies to use their palm-scanning technology. what is the significance of
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that? lawyer lap so instead of swiping your id even when you get into your office building, for instance, you can just swipe swipe your palm. is our culture ready for this, to have our sensitive biometric information stored somewhere and used just like that? this is, no doubt, the future. but how -- are we going to accept it right now? it's a business version. in preview right now, a hotel company called ihg is reportedly using it. it makes sense, but do you want your information stored somewhere when there's cyber attacks happening all the time? stuart: stuart: you're probably not going to have much choice. don't stand in the hallway, you can't stand in the way of progress. lauren: i know. stuart: technology comes at you, you have to aa just to it. stuart tooth i can say i jeff find my id, so scanning my palm would be useful, but i don't think i'm okay with it just yet. stuart: a little relate isn't. elon musk, bad problems with the
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cyber truck what's the problem? lauren: a application nightmare. he said after the earnings, remember, we dug our own grave with cyber truck. the biggest issue is the stainless steel. bulletproof, strong, durable, but it's so hard to bend that they have trouble installing it. so that's one of the biggest obstacles that they're facing because the cyber truck has been delayed for years. look at that, that's a line of people not at an an apple store waiting for the iphone 15, they want to get a glimpse of the tesla cyber truck. that is what happened outside showrooms over the weekend.. amay zing, we -- amazing. we might see the first delivery this thursday. stuart: you're quite right, normally there's a line out the door in the mall, it's the apple store. this time it's the tesla show case. that's very interesting. what's the goal of the -- lauren: 250,000 a year. stuart: per year? lauren: probably by 2025.
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stuart: not around until next year? lauren: no, the deliveries start this week, on thursday. i've been reading maybe just a dozen at first and they'll slowly ramp it up. stuart: you drive down a highway in a cyber truck, people are looking at you. lauren: you're so cool. and they're all the same color, as far as i can tell, that gray color. because of the steel, they're not painting them. which eliminates a process in production, but nonetheless, still difficult. stuart: the s&p 500 is up just a little over 8% this month, november. so what are the strategists at citi saying about that? lauren lawp the rally is running out of steam. so the market is up four weeks straight on bets of interest rates coming down, but citi cautions any santa claus rally that we see this year, which could still happen they say, is really because investors are short covering. it's not because they're so bullish on the economy. stuart: want to get back to affirm, that's the buy now, pay later company. it was up 11% yesterday, virtually unchanged this
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morning. i take it that it's doing well because of the cyber monday figures. lauren: yeah. jeffrey's upgraded the company. they said as a company affirm's stabilizing the cost of capital, they're saying customers' credit performance improved. and adoption, more people are using this, as we saw from cyber monday as you noticed. so they upgrade only to hold, they didn't go to a buy x they take the price target to 30 from $9.50. affirm's stock doing not much right now, it's tripled this year. yeah. stuart: you brought us an example earlier today of one of our folks who works here bought something for $200 and now has four $50 payments scheduled. lauren: right. stuart: does that person not pay any intersection? lauren: correct. that's what i said, what happens if you miss one of your payments? he said, i won't, it comes right out of my account. it offers you instant gratification and relief on your wallet at the same time especially when you're buying for the holidays.
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stuart: fascinating. got it. check the big board, please, right now it's down 2 points, not much at all. dow winners, if there are some, there are. boeing, nike, microsoft, walmart, procter & gamble. s&p 500 winners, please, where are they? show me, show me. sin crony, west brook company, tesla is on the list, cm if e and crown capital -- lauren: again. it's a wireless -- stuart: thank you very much, indeed. nasdaq winners, pin duo due bow, 18%? if gotta get the story. lauren: on it. stuart: data dog, paypal, etc., etc., etc. the 10-year treasury yield is at 4.40%. the price of gold, 6-month high yesterday. where is it today? another 6-month high, $2045. lauren: $30 from an all-time high. stuart: is that right? bitcoin, the rally continues, $37,300. oil, about $75 a barrel, not much change.
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nat gas on the downside today, it's at $2.73. gasoline, i find this fascinating. do you know that gas has gone down in almost every single day in the last two months. down it comes. lauren: down a penny overnight. stuart: diesel, not much change there, you're at $4.23. coming up, more hamas hostage as is set to be released today, but their status is in doubt because hamas has broken the ceasefire. wisconsin congressman mike gallagher, he's unhappy with the terms of the deal anyway. he says israel is releasing suicide becomers. the congressman will be here. media research center founder, big tech censored republican hopefuls 169 times while biden was censor ised only 7 times. brent bozell has got all the numbers. and when the white house was pressed on why americans are not buying bidenomics, they, of course, blamed trump. larry kudlow worked in the trump administration. i want to know what he thinks of that. larry is next. ♪
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stuart: you know, it's no secret household budgetses are getting squeezed by inflation, so tell me, lauren, how much has the cost of living gone up since the pandemic egan? lauren: this is the number that voters see, this is the number that economists don't really tell you. if you bought the same exact basket of goods and services back in 2019, it cost you $100, and right now it costs $119. that explains it. it's the cumulative effect from january of 2020 to last month, groceries up 25%. rent up 20%. electricity up 25%. that's what's costing us. so our lives have returned to normal for the most part since
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january of 2020, but the prices that we pay for things have not. the cumulative effect of all that is why voters say they're not getting anywhere even though their paycheck's gone up in this economy. stuart: they're squeezed. thanks, lauren. the administration's trying to pass the blame for inflation over to, you guessed it, donald trump. roll tape. >> reporter: why do you think is the that when you say the economy is improving and president biden says the economy is improving, that a majority of americans outside of this building are not buying it? >> when we walked into this administration, the economy was on a tailspin. and we understand what americans have been feeling over the last two,ing three years. >> reporter: almost three years in office, inflation is up over 17% since president biden came here. [inaudible] >> inflation, inflation is moderating because of the actions that this president has taken. >> reporter: doesn't that mean that prices are going up slower? they're still high.
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>> the prices are going down. stuart: look who's here to straighten things out, larry kudlow. [laughter] you were in the trump administration, and you know what, larry? i really don't think the economy was in a tailspin when biden took over. >> you know, it's like the big with lie. i love this stuff, it's the big lie. it just -- let me just say in the first quarter of 2021 donald trump handed over to joe biden a 6.5% economic growth rate. real gdp. and the inflation rate was, i don't know, cpi was 1.5%, maybe slightly less, 1.44%. 1.4%. and it's funny, for the three years in office they have continued this big lie that the economy was reeling. they blamed trump for the inflation, and the american rescue act or whatever it was called in march of '21, which is
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what triggered the high inflation, you know, that was there to save the economy. so it's, like, here they go again. yesterday biden actually started in again on how the prices of thanksgiving were down. all right? but -- [laughter] that story, which is, like, four days old or five days old, everyone has printed this. every newspaper practically has printed howe a hur key dinner is up -- a turkey dinner or is up 41%. the level of the prices up 41% since thanksgiving of 2020. i mean, really, joe biden would have been better off not doing anything. trump handed him such a good -- don't do anything. if it ain't broke, don't fix it. leave it alone. he would have been much better. his polls would have been 25 points higher than they are today. the other thing i want to say is peter doocy, my friend peter doocy, kjp if actually says -- look, your producers sent me great notes today.
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so i read this. here's what she said, quote: they want to rid med pick of medicare, they want to get rid of social security. who's they? republicans respect going to get rid of medicare or social security is. it's the big lie. stuart: yes, it is. >> and the great part about it is american voters are a lot smarter than the bidens think, and they're not buying it. that's why biden's economic polls along with the rest of his polls are so terrible. falling. they continue to fall. down. it's a downward spiral. [laughter] stuart: i'm going to change the subject for a second because i know you're hot on this. yeah. stuart: why has president biden not mentioned american hostages still being held by hamas? >> yeah, that's an important question, stu. he hardly ever mentions it. now, we got this 4-year-old girl, which is wonderful, okay? that's a joyous occasion, they returned that. but there are, i don't know, 8
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or 9 or 10 other american hostages. and really i don't understand why from day one when this war started and and americans were taken hostage president biden hardly ever even mentions it. and and, you know, hostage taking is an act of war. and we also know it's not just hamas, it's their pay master and puppeteer, iran. and iranian proxies keep firing on american military assets. the number is something like 70 shots. all we do, the administration it's like pinprick responses. but i think that this business of taking american hostages, i don't know why mr. biden's not talking about that day after day. i don't know why he's not threatening some forceful actions whether it's against hamas or whether it's against iran. i don't understand this at all. presidents, you know, trump, reagan took strong actions
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against iran when the time came, when american assets were being fired on or when americans were taken host an. so it's a bizarre -- hostage. and so it's a bizarre story. a lot of americans think this is a weak, appeasing response. this is not a strong, forceful, deterrent response. stuart as you said, larry, the polls are down, down, down, and that's a fact. larry kudlow, be watching you at a 4:00 right here on fox business later on today. thank you, larry. >> thanks, stu. stuart: the next case, nowhere is there an explanation of why so many black and hispanicing students should be so antisell dick sr. anti-semitic, how anyone could show support for the terroristests of hamas. nobody is putting out the lies put out by the squad in our own congress. that's just not good enough. that will be my take at the top of the hour. we've been following the migrant crisis, more than a thousand known gotaways just
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last month. how much this is costing america's big cities, that's next. ♪ (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away.
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stuart: border patrol says there were more than one thousand known got aways in the month of october. madison alworth joins me from eagle pass, texas. how much is this costing taxpayers. >> reporter: we have a new report that say the price tag is $451 billion. that's for the housing and care of asylum-seekers and known got aways. texas dps is trying to minimize the number of got aways. we get a ride along as they patrolled for potential got aways trying to enter without filing for asylum. a helicopter picked up heat images on a ranch and we went
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to four hondurans arrested for criminal trespass. one was armed with a knife. cameras pegged another group that scale they fence to a different ranch. we followed them scaling the same fence and located the five. they were also arrested. those groups trying to sneak into the country and detected. and detected. this compared to the group you are seeing as a steady stream of migrants head to eagle pass. the strain left central mexico yesterday and is expected to arrive in the city across from me this week. chris oliveira's broadest and last week. do we know when the train will arrive and what happens when it does arrive? >> reporter: the method of
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transportation when they make it to the northern part of mexico, broken into smaller groups and they cross to ports of entry. we expect the train to arrive soon. we've seen a constant flow in eagle pass with illegal immigrants in port of entry. talk about the sheer number crossing, to community in eagle pass showing that burden. it is our responsibility as long as the federal government incentivizes the information we will see this flow of illegal provisions. >> reporter: back to you. ogram today, on the grou is wing the war. does lieutenant general keith kellogg agree? and iconic reagan quote, brian kilmeade's reaction. eric schmidt trying to get back peddling for soldiers who did
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