Skip to main content

tv   Varney Company  FOX Business  November 29, 2023 11:00am-12:00pm EST

11:00 am
they can even help enroll you over the phone in a humana medicare advantage dual-eligible special needs plan. so, call now. humana. a more human way to healthcare. >> the overwhelming majority of people regardless of party believe he's too old, too feeble, and he doesn't have the
11:01 am
cognitive capability to be the president. >> we are not in the position to tell politicians how to act. but with we know one thing, without the military forces, there will be no deal. and my aunt will never be released. >> we're actually producing oil at the fast rate ever right now here in the u.s. which is great for oil prices, but the bad news is we're probably producing oil at such a fast pace because geopolitical tensions all around are going to remain high. >> when you went through how dismall the polling is, it's richly deserved. i'm hoping joe biden is the candidate, i'm thinking any republican, and donald trump as well, is going to be the able to beat him. ♪ i know it's only rock and roll, but i like it ♪ stuart: that would be the rolling stones, i believe. a band from my generation, i might add. lauren: the rolling bones. stuart: mick jagger's 80 years
11:02 am
old. >> and he can still move. stuart: looks like it. hope i can move like that when i'm 80. let's move on. 11:00 eastern time, it's wednesday, november 29th. we still have the market in modest rally mode. not as a good as an hour or two ago, but we're still up 60 on the dow, 61 on the nasdaq, 15 on the s&p. show me big tech, please. are they up, down or sideways? it's a mixed bag, as usual. apple, amazon, up. the 10-year treasury yield, this is a very important number, 4.27%. not that long ago it was 5 a% -- 5%. there's been a huge move in bond prices. huge move. now this. it's not going well for the climate crowd. they are assembling right now in dubai for the 28th united nations climate change conference. trouble is, shi gin e ping if will not be there. -- xi jinping. he leads china, the world's biggest carbon polluter.
11:03 am
joe biden, america's green president, will not be there. pope francis is too ill to attend, so his moral voice will not be heard. and the whole conference is being staged by the fabulously wealthy gulf states which made their money from oil. there have been 27 concerns like this, and carbon emissions are still rising. the planet, we are told, is still getting warmer. gee, do you think it's time to come up with some new policies? the democrat governor of connecticut just reversed course on climate policy. ned la monohas withdrawn his electric vehicle mandate which had demanded all passenger vehicles be electric by 2035. that's gone. watch for other states to start retreating too. with unsold electric vehicles piling up at dealerships, the writing is on the wall. and then there's the wind industry. now, that's in really deep trouble. offshore projects cannot get financing. two projects off the coast of new jersey have been canceled. others in massachusetts, rhode island, new york and connecticut have also been canceled. projects in maryland and
11:04 am
delaware suspended. they're just not going to produce the electricity that is desperately needed if we can't use fossil fuels. but our president plows on. today he's visiting the world's largest wind power manufacturer in colorado. he insists his green policies will produce record numbers of clean jobs. that is a green dream that's turning into a nightmare if. one last point. from the climate conference, the u.n. food and ago ature organization reportedly -- agriculture organization reportedly will suggest a drastic reduction in the consumption of meat in western countries, including america. that, they say, will reduce greenhouse gas emissions. i'll leave it right there. thursday hour of "varney" starts now. ♪ stuart: martha maccallum joining us this morning. to you agree with my premise that biden's green dream is turning into a nightmare and
11:05 am
we're in retreat e from climate policies all over the world? >> we've been covering this story very closely on "the story" for quite some time. when you look at all of the areas that the were leased to european if companies primarily, one of the biggest ones in the wind turbine ocean industry, these projects -- and we've seen it in europe as well -- getting canceled, canceled, canceled. they can't build these, this equipment for the price that was agreed upon in the contracts, so the contracts are falling apart. the states don't want to renegotiate them because they can't afford it at the higher prices. when you think about the millions of dollars, they also bought out multigenerational fishing families all up and down the east coast, okay? in order to get them onboard with this. you know, when i was growing up, greenpeace, you know, organizations like that were really embracing the economy. they were, you know, protests -- i mean, not the economy, excuse me, the environment. and they were protesting lots of
11:06 am
projects, right? we haven't heard from them on any of this, right? they all are, they're, they are all part of the cabal, i will call it for lack of a better word, who are orchestrating this green energy push that is turning out to be economically not feasible. and it's falling, it's falling apart. it's falling apart before our eyes, you can see it. because it wasn't built on demand for these thing, it was built on thrusting them on people. stuart it was forced. >> rather than saying there's a need for this out there. let's ramp it up a bit at a -- a little bit at a time. it was absolutely the reverse, and it's a huge story. stuart: biden's approval rating continues to spiral downward.. i'm sure you've seep the latest gallup poll. his approval overall is 37%, and it's down to 32% just on the economy. look at that. the economy, 32%. mid mideast, 32%.
11:07 am
how much worse can this get before the democrats get themselves together and and ease the president out of the race? >> so it's fascinating, historically you need 40, 45% to get reelected. as an incumbent president. he's not there. so they are looking at this in a much more cold reality way. and i thought it was interesting in one of the teases that you played, you had one of your former guests saying now that a lot of people are conservative, they don't wallet biden moving anywhere -- want biden moving anywhere, they like what they see in their prospects, so you going to see a lot of conservatives and republicans, i think, just keeping quiet. they don't want biden to go anywhere. they think he's beatable at this point. and, certainly, those numbers would demonstrate that he is beatable. i think it's really interesting when you look at this foreign policy number at 64%. he could lose michigan and georgia on this palestinian issue. i mean, that is a real possibility given the populations in those states and
11:08 am
the sentiment that is coming out of them that you see manifested in some of their representatives in congress as a well. stuart: it's fun though, isn't it, being in the news business and looking at the 2024 election period which is going to be absolutely fascinating. >> right around the corner now. we're 50 days away from if iowa at this point, so it's heating up. stuart: i'm beginning to enjoy myself. martha, thank you for being with us. we'll watch you on "the story," 3 p.m. weekdays on fox news. back to the markets, please, and look who's back, glutton for punishment, mark tepper. [laughter] interest rates down, inflation cooling. is this rally for real? >> it's all a bunch of good stuff. yes, i will say this rally does have some legs. i think the santa claus rally will will persist through the end of the year -- stuart: but? >> next year becomes more difficult. [laughter] growth expectations for next year, 5% revenue growth and 11 or 12% earnings growth, going to be very, very difficult to hit that. two major reasons i think the rally's going to persist, number
11:09 am
one, insider buying ticked up substantially this month, throughout month of november. insider selling really isn't a good indicator of a stock's performance because there's plenty of reasons someone might sell. it could be divorce, tax, retirement, whatever it might be. but typically, insiders only buy when they think their stock is undervalued. and stocks that experiment appearance -- experience above average buying outperform their peers by 5-10% per year. so that's good news. the second thing is thier, as we know -- consumer as we know from cyber or week has stayed pretty resilient. i think a lot of that has to do with the fact that they ratcheted up their lifestyles. they are now working two jobs so that they can maintain their standard of living. i mean, steve harvey once said everyone should fly first class one time, because once you do, you'll never fly coach again, and you are going to work harder to make more money to make sure
11:10 am
you can continue to sit in first class. once people the finer things in life, they don't want to go back. stuart this is so true, isn't it? [laughter] o.k.. so we're okay on this rally until the end of the year. 2024 -- >> becomes more challenging, yep. stuart: stay there, you're with me for the hour. i believe ford motor company is moving, i'm not sure how much. lauren: ford's up almost 3%. stellantis is up almost 6% and, obviously, gm is higher. this is on the news of their $10 billion buyback rewarding shareholders after they said, well, our deal with the uaw cost us $1.1 billion. another positive, cruze losing billions of dollars, they're moving away from it. stuart: and all the carmakers are up today. >> sounds like the impact of the strike was better than feared, right? stuart: okay. a $10 billion stock buyback for general motors, that's really had a nice effect. $31 a share there. unity software.
11:11 am
lauren: video guam software company, stock's. human % because they've announced job cuts, cutting about 4% of staff. in fact, the division that worked with the lord of the rings director, peter jackson. stuart: rover. i would have thought that was some kind of car company from england, but it's an online marketplace. lauren: for pets. dog walking business. pet services. i know. i whispered to mark, do you know what rover is? and we both didn't know, we looked it up. go ahead. >> yeah. i got nothing to say. [laughter] stuart: franchise, right? lauren: yes. the news is that blackstone is taking them private in a deal that's valued at over $2 billion which would be $11 a share for other shareholders. that's why the stock is up 28%. and even blackstone -- stuart: blackstone's up 3% -- lauren: you're welcome. stuart: i've got a piece of it, i didn't know anything about rover. thank you very much, indeed, for that report, lauren.
11:12 am
coming up, the migrant crisis putting a strip on local businesses near the broaderrer. -- strawn. near the border. the u.n. wants us to cut back on meat consumption to fight climate change. senator mike braun is from indiana, that's farm cup. i'll ask him what he thinks about the u.n.'s meat reduction mandate. president biden celebrating the success of his green energy initiatives, but voters and businesses having overwhelmingly they've rejected his green energy push. edward lawps on the -- lawrence on the green agenda and has it failed. that's next. ♪ and i don't want the world to see me -- ♪ 'cuz i don't think that they'd understand. ♪ if -- when everything's meant to be broken -- ♪ if i just want you to know who i am ♪ arexvy is a vaccine used to prevent lower respiratory disease from rsv in people 60 years and older.
11:13 am
arexvy does not protect everyone and is not for those with severe allergic reactions to its ingredients. those with weakened immune systems may have a lower response to the vaccine. the most common side effects are injection site pain, fatigue, muscle pain, headache, and joint pain. i chose arexvy. rsv? make it arexvy. we're travelling all across america, talking to people about their hearts. ooh, take this exit. how's the heart? i feel like it's good. you feel like it's good? how do you know when it's time to check in on your heart? how do you know? let me show you something. it looks like a credit card, but it is the kardiamobile card. that is a medical-grade ekg. want to see how it works? yeah. put both thumbs on there. that is your heart coming from the kardiamobile card. wow! with kardiamobile card, you can take a medical-grade ekg in just 30 seconds, from anywhere. kardiamobile card is proven to detect atrial fibrillation, one of the leading causes of stroke. and it's the only personal ekg that's fda-cleared
11:14 am
to detect normal heart rhythm, bradycardia and tachycardia. how much do you think that costs? probably $500. $99. oh, really? you could carry that in your wallet. of course you could carry it in your wallet, right? yes, yes. kardiamobile card is just $79 during our holiday sale, that's a $20 savings. get kardiamobile card for yourself or a loved one today at kardia.com or amazon.
11:15 am
(car engine revs) (engine accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking)
11:16 am
11:17 am
♪ ♪ stuart: that's adele with her wonderful voice, and that is myrtle beach look really nice and bright and sunny. trouble is, it's only 45 crees -- degrees. looks good, don't it? president biden is heading to a wind tower manufacturer in colorado to tout his green energy investments. edward lawrence is with me. is biden going to mention the fact that wind projects are being canceled left, right and center? >> reporter: yeah or stu, the chances are slim to none and slim, i think, just left town. the president will say $7 billion in private company investments have been made for manufacturing and other investments in clean energy. the reality is the clean energy push might be losing steam. i mean, take wind, for example. projects, companies are struggling to find financing to
11:18 am
stay on track. the largest wind shore company in the world scraps two prompts off the coast of new jersey, suspended work on projects off the coast of maryland and delaware. a german-based company canceled a wind turbine blade facility in virginia. republicans say like the car dealers asking president biden the slow down his forced transition, he needs to listen to the american people. >> we all want our grandchildren to have energy, but we have to understand we have children right now. so the biden administration's trying to skip ahead a generation, and the technology simply is not there. we all want a clean environment, we do. >> reporter: some of those who believe in the clean agenda also a acknowledging that it does take time. in an exclusion irv interview with -- exclusive interview, the president of the rock feller foundation and if author of "big bets" says the transition needs a little more time. listen. >> and, you know, like any government program, it takes time for these programs to be
11:19 am
pulley ired out -- fully ironed out and to become part of the day-to-day lives of families and consumers. and that's the hard work that i know the administration is pursuing, and that's the hard work that they should keep pursuing. >> reporter: sources are telling me the president is asking his aide as to speed up that forced transition. the irs on friday reportedly is expected to release its details op how to get that $7500 ev credit. right now the inflation reduction act says that the battery cannot come from a foreign inti withty of concern, we'll have to see where chinese companies fit into that, and today make most of those batteries. stuart: i can see a problem right there. edward lauren, thanks very much. let's bring in indiana senator mike braun. mr. senator, is the green agenda, biden's green agenda, is it failing? >> i think without exception, it is. guys like you and me, stu, we're conservationists, we're practical on that issue.
11:20 am
there is the nothing practical about the green new deal. you look at what's happened globally, our main geopolitical foes are still building coal-fired plants weekly, china, oh places. other places. they're trying to corner the market on all the stuff for the green new deal. and here we are shutting down our energy independence. not to mention i built my little business into a regional national company selling to the automotive market. nearly 4,000 dealers wrote a letter to president biden, stop it, we're getting loaded up with vehicles, and no one wants to buy with at this statement. at this state. so whatever your long-term goal is, don't shut down your energy independence, which we've done, don't go to unproven methods. do that gradually and make sure the market wants it. and do you know what the default
11:21 am
is here? do it all, borrow every penny along the way, and that's being measured in the trillions which most people don't know as well. stuart: it's a nightmare. mr. senator, the united nations reportedly wants americans and other westerners to cut down sharply on meat consumption because of climate change. you're in farm country, indiana, farm country. there's going to be an enormous amount of pushback on this. there has been already in places like new zealand, the netherlands. this attempt to restrict agriculture has not gone down well. i don't think they'll get this through. >> when you actually start going from trying to force vehicles down your throat to saying you cannot eat meat, poultry and other stuff, that is government gone wild. even if you buy into everything that might be at a work in the climate, that's one thing. the modeling has been off. you cannot force this stuff, again, where you're spending trillions of dollars to get it
11:22 am
done. the u.n. has got a lot of other stuff it could be doing better at rather than trying to direct the menu around the country, especially in places like indiana. that's not going to sell very well. stuart this climate conference, cop28, starts tomorrow. president biden won't be there, xi jinping won't be there, pope francis won't be there, and the whole thing is being held in a gulf state that made its money from oil. i'm inclined to say that this kind of -- it's almost becoming a farce. is that too strong a word? >> i think farce and a -- very hypocritical. china can't do it with a straight face because they're trying to play both sides; corner the green market and then keep building a coal-fired plant weekly. the pope may have a reason, because he wasn't feeling very good. but our own country is now starting to get it not only from car dealers, they're starting to get it from the average american. you've given us inflation,
11:23 am
you've taken do our economy we ever had pre-covid, you've turned it into this mess, and now crow trying to force the green new deal down our throat. doesn't make sense. i think they're going to pay a big con intention here in -- consequence here in '4. and when you're trying to get this stuff done globally and we're taking our cues from that, that even makes less sense to most americans, i know most hoosiers. stuart: i know that in new zealand, the government's opposition to cutting down on beef farms, that may change the government. they brought in a conservative government for the fist time in many years. i'm sorry to drone on here, mr. senator. i'm taking up your time, but thanks very much for being with us. come and see us again. >> you're welcome. stuart: back to the markets, please.
11:24 am
we've watched the rally -- lost the rally, just about all of it. the dow is still up but only 14 points, nasdaq up 4, s&p up 4. we're going. to keep an eye on microsoft and apple. we could see microsoft if replace apple as the world's most valuable company today. if apple currently worth $2.962 trillion, microsoft $2up.81 trillion. so there's till a gap there. -- still a gap there. do you think microsoft is going to talk them? >> oh, absolutely. if not today, definitely by the end of the year with. you've got two different companies here. you've got apple, which is struggling to innovate. they're expected to grow earnings like 8-ish percent next year. microsoft is expected to grow earnings 17%. just look at the verticals, whether it be gaming or cloud, now they're a big player in a.i. so you look at a apple, they're failing to innovate, but microsoft got in on openai before anyone if was even talking about a.i. so, yeah, i think it will happen, just a mart of time. stuart: just a matter of time.
11:25 am
many thanks, mark. people are worried about how many jobs a.i. could replace. a new study warns it's not your job that's at risk, it is your money. we'll get into that. hundreds of migrants slooping in the san diego -- sleeping in the san diego airport. a border barrier is being put up between san diego and tijuana. the san diego county supervisor brings us the latest on that, he's next. ♪ ♪
11:26 am
♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. - they get it. they know how it works. and more importantly, it works for them. - i don't have any anxiety about money anymore. - i don't have to worry about a mortgage payment every month.
11:27 am
- it allowed me to live in my home and not have to make payments. - linda, dinah, joanne, very different people, but they do have a couple of things in common. they love their home and they know their stuff. they all talked about the counseling they got so they knew how reverse mortgage worked and how it could be a real financial solution for their retirement. - [advertiser] if you are 62 or older and own your home, find out how you could access your home's equity to give you cash now and when you need it in the future. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments, paying off higher interest credit cards, and covering medical costs. - a person like me needed to get a reverse mortgage. it changed my life, it was the best thing i've ever done. - [tom selleck] really? - yes! without a doubt! - just like these folks, medical costs, and give you some extra cash aag can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash.
11:28 am
they also know they can pay it back whenever it works for 'em. from a reverse mortgage loan for a better retirement. - it's a good thing. from a reverse mortgage loan for a better retirement. - [advertiser] call right now to receive your free no obligation info kit. the kit will show you how you could get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - i've been with aag for quite a while now. i think they're the real deal. - call the number on your screen. so look, why don't you get the facts, like these folks did, and see if a reverse mortgage could work for you? - [advertiser] call aag, the country's #1 reverse mortgage lender. - call the number on your screen.
11:29 am
stuart: right, the markets are now in the red. as far as the nasdaq's concerned, it's down 2 points. the dow is up just 16 points. mark tepper with me with stock picks and starting with, tell me about this one, invesco s&p etf. >> that is the equal-weighted s&p 500 as opposed to spy which is cap weighted. it's been an underperformer all year. i think the cap-weighted s&p's up maybe 20, this one's only up 5. but the rally is starting to broaden out, can and we think over the course of the next month or so that it's going the continue to working like that and that rsp should outperform
11:30 am
is spy, should outperform the s&p 500. stuart: that's interesting, good idea. intuit. >> that is your quickbooks, your turbotax. mission critical things. no matter what happens, i think there's two certainties in life, right? death and taxes? so you've got to pay your taxes. while we believe in economic slowdown will happen in 2024, small businesses still have to keep their accounting, they still have to pay their taxes. intuit just had a great earnings report. they're expecting, like, 17, 18% revenue growth next year. the stock is up 50% this year, it's still undervalued by our metrics. so we still think there's plenty of room for this one to run. stuart: got it. thanks very much, indeed, mark. border town bracing for yet another surge of migrants. the crisis puts a real strain on local businesses. madison alworth is in eagle pass, texas. how are these businesses coping? >> reporter: stuart, some are coping by leaving eagle pass
11:31 am
altogether like mick martinez. -- rick martinez. he says revenue wasn't the problem, the issue was safety. >> our employees kind of got hesitant, they said, you know what? maybe this isn't the best place to have a business. we had a meeting with the rest of our company, or or we spoke to everyone, they agreed this is probably not the safest place for our employees. there's entirely too much foot traffic. at that time businesses were getting broken into. >> reporter: so we were able to walk around downtown eagle pass with martinez, and he was disappointed to see how much it has changed for the worse since he left. the street where his business used to be had four empty storefronts. now, adding to the problem is the closure of one of the international bridges here. border patrol closed the mexico to u.s. portion of eagle pass bridge one because of the overflow of migrants. agents had to be redirected from the bridge to process migrants crossing illegally on the ground. >> the moment you shut the port
11:32 am
of entry down, all buzz closes. all business closes. we lose, we take such a hit, it's a shame. it's turned into a ghost town. >> reporter: so the bridge closed for the same reason back in september, stu, for four weeks. when that happened, the mayor said it cost the commerce sector half a million dollars. this brim was closed on monday can be bridge was closed on monday, and we're hearing from border patrol the closure still active. when we asked how long, they have gun us no indication, so there is concerns we could see a repeat. back to you. stuart got it. thanks so much, madison. more than 300 migrants are sleeping at the san diego airport. san diego county supervisor jim desmond is with me now. is there any end in sight to this? >> is no, stuart, and that's the problem. and, unfortunately, we're spending local dollars and resources on this issue when it are really should be funded by the federal government, not by san diego county.
11:33 am
since september, since mid september we've had over 44,000 migrants just dropped in san diego county by the border patrol. and it's really, you know, putting a -- stretching our resources very thin. unfortunately, due to gavin newsom's policies, our homeless issue is our number if one issue, and this is stretching our nonprofits and our charities, you know, very, very thin dealing with our homeless issues and, you know, this is untenable. it's just, i mean, more and more local dollars going towards an immigration earth that really -- effort that really the federal government should be taking care of. stuart: what are you going to do with the migrants, these 300, at the airport? are you going to have to move them to tent cities or something? >> well, hopefully they get on their way because we're told these migrants when they're let go in san diego county that they have sponsor ises throughout the country. but when they arrive here and the border patrol drops them off, their first question is where am i and how do i get to the airport.
11:34 am
so is we've been taking people to the airport and getting them on their way, but they have to spend, you know, maybe a night or two there primarily because they have no place else to go and maybe they can't get a flight out right away. you know, it's -- the border's being overwhelmed. the federal government, their capacity to manage migrants and bring them into the country safely ising being overwhelmed. they're allowing more people in than they can manage, and this is the outcome of it, having people sleeping on the streets or in camps or at the airport to try to get on their way wherever it is they're going in the country. stuart i hear that you've got new border barriers going up between san diego and tijuana to prevent mass crossings. are you building a wall? >> well, we aren't. hopefully, it's the federal government doing this. and if any other administration were doing it, they'd be called racist. but this, you know, i'm actually glad to see it. it's -- tijuana river which crosses into the u.s., the
11:35 am
migrants have been coming through there, and so they're putting a fence there. we've had actually, unfortunately, migrants die in that river by, or you know, drowning. so i'm glad to see, you know, it's kind of a little bit too late for this, but it's a step in the right direction. but it's like trying to hold an avalanche back with a piece of paper, you know? it's just not, it's not the right answer. but it's a step in the right direction. stuart: we try to give our viewers an accurate picture of what's going on at the border, and you really helped us do that. sir, jim desmond, come and see us again, please. >> thanks, stuart. stuart: new york city has added two new asylum support stations for migrants. what do they do, ashley? ashley: get 'em along in the process. they're called asylum application help centers. they're set up, to your point, stu, for migrants to apply for asylum or protective status and designed to help relieve the pressure, ultimatelying on new
11:36 am
york's shelter system. the primary if center in hell's kitchen opened this past summer and are basically staffed by immigration attorneys and application helpers. with two new centers have now opened in harlem and lower manhattan while another center on the upper west side is set to open in the coming days. so they are the expanding these. the new stations, by the way, part of the state's $2 billion program to help the city handle the migrant crisis. mean meantime, mayor eric adams continues to please his case with washington for more federal support. it always comes back to the same thing, stu, you're a sanctuary city. what did you expect? stuart: yes. [laughter] good one. very good, ashley. so obvious, isn't it? if mark tepper, is this a good thing? >> yes. stuart: off the streets and into work? >> absolutely. this migrant crisis has been such a substantial drain on taxpayers. so much so that new york is already talking about slashing education budgets, sanitation,
11:37 am
police, right? cardi b. says we're going to be, what, drowning in rats? i think that was her comment on social media last week. but, yeah, this is a big drain on tax payer withs. the only way all of our wealth can grow is to increase economic output, get their butts in the work force. stuart: well said. thank you, mark. as the travel industry returns to pre-pandemic levels, some ax vises want to limit how much we travel. they want carbon pass posts. -- passports. we'll tell you exactly what that means. house oversight chair james comer says he will gladly hold a public hearing of hunter biden, but he still wants hunter to agree to a closed door testimony as a well. we'll have a full report on where the hunter biden investigation is going. that's next. muck here it goes. ♪ i'm just a kid and i'm watching a night make r -- nightmare ♪
11:38 am
♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee. ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. on taxpaye n in the skin of the perineum could occur.
11:39 am
stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪ ♪ the little pill with a big story to tell. ♪ (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? ♪
11:40 am
11:41 am
11:42 am
stuart: the markets this morning, we're now back all in the green, but there's not much of rally left over. dow is up 27 points, nasdaq up just. -- just 4. hunter biden wants to testify publicly as part of the house impeach peach ifment inquiry. impeachment inquiry. hillary vaughn on capitol hill. what do republicans want? >> reporter: republicans want him to first show up to a closed door deposition on december 13th and then they say they'll schedule a public hearing, but we talked to democratic lawmakers today who are defending hunter biden's lawyers' decision to turn down a closed door deposition invite and instead offer to have hunter show up to a public hearing instead. do you think hunter biden should have to show up the his closed door deposition? >> no, i don't think he should
11:43 am
show up for a closed door deposition. >> reporter: why not? >> because chairman comer has distorted everything he's said. the whole point of the private deposition is so you can cherry pick quotes and distort what he says. he wants his testimony, let it be in public, and then he can't distort what he said. >> reporter: democrats did dozens of closed door depositions over weeks during the trump impeachment. why is it not okay for republicans? >> because no one was accusing democrats of distorting what anybody said, and the witnesses didn't object to it. >> reporter: but republicans say that special treatment for hunter biden, and democrats in the past defended their decision to do bops -- dozens of closed door interviews. nadler did several of his own when he was chairman of the judiciary committee at the time, and congressman adam schiff, who was of chairman of the house intelligence committee, made the case at the time that closed door interviews were absolutely necessary. >> there's a reason why
11:44 am
investigations and grand jury proceeding, for example -- and i think this is analogous to a grand jury proceeding -- are done out of the public view initially. we want to make sure that we meet the needs of the investigation and not give the president or his legal minions the opportunity to tailor their testimony and in some days fabricate testimony. >> reporter: so, stuart, republicans are not saying no to hunter having a public hearing at some point, but first they want him to comply with the subpoena request which is a closed door interview. stuart? stuart: hillary, thanks very much, indeed. now, check out this headline: it's time to limit how often we can travel abroad. carbon pass poverties may be the answer. passports may be the answer. all right, ashley, this is for you. explain what these carbon passports would actually do, please. ashley: oh, boy. yeah. a carbon passport would see each traveler being assigned a yearly carbon allowance that not exceea
11:45 am
certain number that would force us to actually ration travel. you see some numbers on the screen. according to some data, the average annual carbon footprint for a person in the u.s. is 16 tons, one of the highest rates in the world. globally, the average annual carbon footprint is closer to 4 tons. now, the idea of a carbon passport may seem ebb treatment -- [laughter] you think? -- but it's not new, to doe, no, the u.k. parliament debated this issue back in 2008 but ultimately ditched it. environmentalists say to slow down global warming, the average a global carbon footprint needs to actually drop to under 2 tons per person by 2050. in other words, that would equate to around two round-trip flights between london and new york per year. or, stu, you could fly to see your family in new zealand and then have to stay there and wait a year before you could fly back. [laughter] stuart sarcasm is a low form of wit, but it's very effective,
11:46 am
ash. well done. what do you think, tepper? >> look, if your goal is to reduce the carbon footprint. you've got to start with all the private jets, first and foremost. i mean, look, the climate cult meeting every year in davos, there's a thousand private jets that fly in and out, and to ashley's number there, we're at 16 opportunities, they want to bring us down to 2.3 tons, davos, 9700 tons for that one event. and the richest 1% of people in this world pollute more than the bottom two-thirds. all combined. like, what does that say? i mean, you know where the problem's at. it's not us flying on a 737 across the country, it's the private jet users. stuart: i think you're right. another one for you, ashley, if you're still there, i think you are. ashley: yes. stuart: we've talked about the threat of a.i. to jobs. all right, what about the threat to wages? ashley: well, according to research from the european central bank, jobs that are most exposed to artificial intelligence have slightly
11:47 am
negative impacts on wage growth. now, the study examined the link between a.i.-enabled technologies and employment in 16 european countries, and while wages actually did suffer just a little, slightly, the fear that a.i. would actually replace human labor was not true. in fact, the research showed a.i. actually created more jobs especially with high skilled positions getting the biggest boost. that may provide some comfort to u.s. workers because a recent poll showed that 66% of employees admitted that a.i. could probably do their workplace if duties, and 74% were worried about the technology's impact on their industry as a whole. so maybe that's a little exaggerated, but wages could come down just a bit. stu. stuart: i hear you. thanks very much, ash. there's a new bombshell book about the royal family that's just been released. it claimed to be an expose of all the royal family's dirty secrets. royal watcher neil sean will tell us if there's any truth to
11:48 am
these claims or if it's all just a bunch of malarkey, as our president would say. that's next. ♪ i'll keep you my dirty little secret. ♪ if. ♪ you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. she runs and plays like a puppy again. his #2s are perfect! he's a brand new dog, all in less than a year. when people switch their dog's food from kibble to the farmer's dog, they often say that it feels like magic. but there's no magic involved. (dog bark) it's simply fresh meat and vegetables, with all the nutrients dogs need— instead of dried pellets. just food made for the health of dogs. delivered in packs portioned for your dog.
11:49 am
it's amazing what real food can do. elevate your portfolio with reyna silver. harness the enduring power of silver, a vital industrial medal and inflation hedge. backed by strategic projects and a seasoned team. secure your silver investment. reyna silver.
11:50 am
i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network.
11:51 am
11:52 am
stuart: all right, well, look at this, virgin atlantic became the first airline to fly across the atlantic ocean using 100% sustainable aviation fuel. it was a boeing 787, it flew from london heath row to jfk in new york. the fuel was a blend of cooking oils and other fats. now you know. and there's this too, a new book called "end game" about britain's royal family is being labeled a bombshell. neil sean is a royal watcher, and he's with us now. okay, reveal some of the so-called bombshells in this book. [laughter] >> well, there's so many, apparently, stuart. you know, lovely to see you, by the way. it's just incredible really because apparently, you know, there are royal racists named, catherine doesn't want to work, prince charles has his shoe laces ironed. let me tell you something that i've seen about this particular
11:53 am
project, t it's fascinating to me. as a business, and this is fox business, you have to admire this guy, the author. he has no affidavits, no backup, absolute no real content in there, yet somehow if he's managed to persuade the public and, of course, the publishing house that this is fabulous, this is all bran new when, in effect, you can actually find all of these stories, stuart ors for free on the internet. he's just kind of remixed it, some people might say. stuart: do you believe any of it? it just sounds to me like it's just gossip put out by prince harry and his wife, the duchess of sussex. it's a gossip thing, isn't it? can't believe it. >> i tell you what's interesting there, stuart, you really hit the nailen on the head. if you remember the priest book, of course, they both denied any association with it, and then of course they said, basically, yes, there is, you know, we did help by their communications officer. again, there's nothing really that interesting if you really want to know something new. you saw yesterday the dutch
11:54 am
version, apparently, named the -- and i hate this phrase -- the alleged royal racist. and, oh, it was a glitch, it was a mistake. this is very similar to prince harry's stint, do you remember when "spare" came out and miraculously it got released early in spin, and it was translated -- [laughter] it's just a marketing tool. very clever, but a marketing tool. stuart: how would you judge the standing of harry and meghan right now in britain? >> well, i mean, it was an all-time low before that really. i think the worst thing, i'm sure you would agree with me on this, i think the worst thing, you know, that she kept his children away from the coronation in may. it was an historic event. it is his father, whatever you think, and then very publicly he disappeared very quickly, didn't he? so i think the standard over here is beyond rock bottom whatever they think. i do kind of think also that meghan's stint on the variety carpet and the william morris if agency, they've got a lot of
11:55 am
work to do to try and convince anybody over here that there is anything worth investing in. and this book does nothing to take that any further. as you know recently, apparently, they would have said they wouldn't have minded reconnecting for christmas. can you imagine, stuart, sitting round the table -- stuart: no. [laughter] >> with a turkey wish bone? stuart: no, i can't imagine. that's a horrific visual impression. neil sean, thanks very much for being here. see you soon. thanks a lot. quick check of the markets, please. dow's up about 40 odd points, nasdaq is up 15, s&p up. last look at a microsoft and apple. we're watching to see if microsoft overtakes apple as the world's most valuable company. they're not there yet. they're about $150 billion apart at this point. all right, here's the wednesday trivia question. how tall is this year's national christmas tree? 25 feet, 30, 35, 40 feet? the answer when we come back. ♪ ♪
11:56 am
.. hey, you should try new robitussin honey medi-soothers for long-lasting cough and sore throat relief. try new robitussin lozenges with real medicine and find your voice. you know? we really need to work on your people skills.
11:57 am
11:58 am
(christmas music) ( ♪ ) weathertech gift cards have the power to wow everyone on your holiday list. offering a variety of american made products... weathertech! nice! like floorliners... cargo liner... seat protector... boot tray... cupfone...
11:59 am
sink mat... pet feeding system... anti-fatigue comfortmat...and more. order the weathertech gift card instantly for the perfect gift at weathertech.com. stuart: we asked how tall is this your's christmas tree the tree that fell over in a gust of wind.
12:00 pm
what is the answer? 25, 30, 45, 40 feet? ashley: i will go for thomas, 40 feet. >> i agree, 40 feet. stuart: i would say the same. the answer, we all got it right. a norway spruce from west virginia. 40 feet tall. you've got to have a tall tree to have a national tree. thanks for sticking around for the hour. good to see you again and i know we will see you tomorrow. i've got 20 seconds. check the market. the dow is up 47, nasdaq up 14, s&p up 7 points as we speak. that is that for "varney and company". coast-to-coast starts now. ♪

50 Views

info Stream Only

Uploaded by TV Archive on