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tv   Varney Company  FOX Business  November 30, 2023 9:00am-10:00am EST

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quarterback of the new york football giants. tommy cut lets! maria: lo that. we are -- love that. let's check markets here, near the highs of the morning after the pce index came out up changed month to month. dow industrials up 207 points, nasdaq up 29, and the s&p 500 up 11.25. mark, your final thoughts, what are you watching? >> inflation's definitely coming down, you know? it seems like, you know, look, when we look at rate cuts, we were expecting something in may or june, it got pulled forward into likely march. maria: we'll see about that. mark, t ed lee, great to be with you. todd, lee, great to be with you. another big show tomorrow, join with us. "varney & company" if takes it up now. stuart: good morning, everyone. it has been a spectacular month for stocks. on this, the last day of the month, the rally continues. interest rates are down, and the latest inflation indicator shows
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price rises are cooling. dow industrials opening with a gain of maybe 200 points. s&p up 9, nasdaq up 20. now look at the yield on the 10-year treasury, it's down to 4.33%. actually, up to 4.33%, i'm afraid to say. the 2-year coming in, last time i checked, it was 4.65, that's gone up to 4.68, okay. the rally in bitcoin, that's holding fairly firm, 37,700 is the price there. gold, well above $2,000 an ounce, you're at $2,054. no change for gas, $3.24, national average. diesel down one cent at $4.22. okay, that's the markets, that's money. now politics. tonight, the great debate, desantis versus newsom, red9 state verse is the blue state, if you go by economic performance florida wins hand down -- hands down. 9 p.m. eastern with sean hannity
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tonight. on the show today, 1 #,434, that's how much extra we each need to keep the standard of living we had when joe biden took office. we don't have that extra money, we're but we're still spending and, yes, going deeper into debt. what a con travis. pro-palestinian demonstrators disrupt the christmas tree lighting at rockefellerer center. a swastika appeared. it was an ugly scene. and then there was senate chuck schumer -- senator chuck schumer standing on the senate floor with a dignified and powerful reproach to anti-semitism. way to go. elon musk unloading on the advertisers who have left, and. he dropped in a couple of obscenities to make sure we know how he feels. thursday, november 30th, 2023, "varney & company" is about to begin. ♪ ♪
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♪ start me up, if you start me up, i'll never stop ♪ stuart: the song? we have to start the show with this. >> yeah, start me up. stuart: rolling stones. >> love it. stuart: who cares if he's 80 yearsed? that's the -- years old? that's the scene on sixth avenue. >> yeah. stuart: protection for the if christmas tree, that's what you're looking at right there. >> yep. stuart: good morning, lauren. you've got headlines on the republican candidates -- lauren: who is it going to be? cell phone mccarthy wants to see a trump-haley ticket. he says haley is getting the anti-trump voter, and she can pull in voters for trump if he's at the top of the ticket. well, stuart, trump has nicknamed her bird brain, so this is all speculation that she would, a, get the vice presidential from him, offer, or accept it if she does. jamie dimon of jpmorgan said
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nikki haley's actually a good alternative to trump, and he says democrats should help her so they don't get trump. i think he was addressing more than just democrats. when he made these comments yesterday. he was speaking to the rich people in the room. who was in that room yesterday? elon musk, bill ackman. bill ackman is not on the biden brand right now, and bob iger. maybe he can get some democrats and some big with democrat money to come over to her. stuart: i think what he was trying to do was to swing american business away from trump and towards someone who might be considered more moderate, nikki haley. up lauren yeah. stuart: swing american business in support of that moderate because he may like trump's policies when he was in office because we had a very successful economy, but they don't want that chaos to return. lauren: i saw the same outcome but a different take. i thought he was trying to take money away from the bide incorporate donors, the big money that is -- corporate donors, and swing it to a mored moderate republican like nikki
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haley. stuart: maybe he was. lauren they're final point, vivek ramaswamy's political director spearheaded everything that vivek just did in new hampshire, he's moved over to the trump campaign. tooth i wonder how long vivek will stay in the race. we'll see. now this, bill ackman says biden should drop his 2024 campaign. roll tape. >> i think biden's done a lot of good things, but i think his legacy will not be a good one if he, if he is the nominee. i think the right thing for biden to do is to step aside and say he's not going to run and create the opportunity for some competition. stuart: well, look who's here now, lawrence jones. he's at a diner in georgia. big smile, lawrence. do the voters there really think that biden can handle another five years? >> reporter: i don't think they think biden can handle another day. [laughter] but you're talking about georgia
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voters who, you know, honestly, georgia's become somewhat of a swing state, but they just don't think that the president is governing in a way that says i'm there. and, you know, you can just compare joe biden to when he was vice president. he was alert, he was known as the greatest retail politician. and you're just not seeing that joe biden right now. the question is we have 70% of the democrats saying they would prefer a different candidate. the are the democrats truly sending their best? well, that goes, takes us to the debate tonight where gavin newsom is debating ron desantis. many people say gavin newsom is the democrats' best. stuart: yeah. trump wants the support from young voters. he wrote an op-ed in "newsweek." he's fighting against political content in our schools, actually, it's more than that. he says he's fighting against political -- inappropriate racial, sexual and political content in schools.
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is this a message that will resonate with young voters, lawrence? >> reporter: i think it's a message that will resonate with some. look, i probably stirred up a little bit of controversy the last the two days when the black lives matter, you know, activists that was a part of rhode island came on the program and endorsed donald trump. and i've been warning people that people that are reasonable, you know, there's -- black lives matter are a big organization, and then there's the people, you know, that were saying we want just equal justice under the law. we don't want anarchy and all that, but we believe in the phrase back lives matter. i think that donald trump has this real opportunity to get black males, people within that group, young voters, and i think it's different from any other republican because he doesn't speak the same way typical republicans speak. stuart, no he doesn't. >> reporter: there's a culture aspect about it. and, look, if it was all about facts, donald trump would have won the past election. there's an emotional connection
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to voters, and right now joe biden is just not connecting like he did the last time. we'll see what happens, you know, there's a lot of time before the election is here. but when you look at these national polls right now, there's one guy that is gal van isizing the people. -- galvanizing the people, that's donald trump. stuart: i take it that is a trump diner, lawrence. correct? >> reporter: they said that this is trump country. i didn't say that, they said that. [laughter] stuart: okay. lawrence, thanks. great job today. see you again soon. >> reporter: thanks, brother, i appreciate it. stuart: former secretary of state the henry kissinger has died at the age of 100. he was one of the most influential political figures of the 20th century. lauren: he 'em bodied american power. at a time when the u.s.' role in the world was changing,. henry e kissinger advised presidents from nixon to trump. he's noted for easing tensions with the soviet union during the cold war, opening up diplomatic e relations with china. he earned the know bell peace
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prize in 1973 for his efforts to end the vietnam war. his story really is remarkable. i mean, or he came to the u.s. as a child refugee fleeing persecution as a jew in nazi germany. and and imagine what he say right before he died. all these years later, what's going on in the u.s. right now. he is survived by his wife, two children and five grandchildren. stuart: he's passed away at the age of 100. thank you, lauren. check those market, please, here we go. dow is up 180 odd points. that's at the opening bell. it might hold until then. s&p up 8, adam johnson with me this morning. why this rally? november's been fantastic. >> it has been, and that is because inflation is going down, and as a result, the fed is off our back. it's that simple, stuart. the economy is stronger than people believe. you know, we were so pummeled, i call it the ghost of covid past, we were so pummeled by all the bad news of covid, that we came to think that bad news was
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normal. month after month even though we merged from our homes and kind of went back to work, we still expected bad news and kept thinking there was a recession. gdp is rising 5.2% despite all the mess if in washington and their inability to get anything done and president biden's inability to lead the country. the economy as a whole is moving forward. inflation is still high, it hurts, but you know what? we have the most number of people working ever, spending the most amount of money ever. we learned that last week with holiday sales. and that is good for earnings. so if you have earnings and employment, that's strong. stuart: 30 seconds, does this rally have legs? >> yes, it does. we are still well the all-time highs, and we have an economy that is growing. again, for the first quarter in over a year we actually had earnings growth. what a concept. because earnings were going down. supply chains have normalized. inflation's coming down. it's a good story, i'm fully invested in it. stuart: stay with me for the hour, please.
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elon musk had a strong response to the advertisers boycotting x. are we allowed to say exactly what he said, lauren? lauren: we're not. but i will say he's biting the hand that feeds him. he curses the very advertisers that he needs. watch here. >> there was all the criticism, there was advertisers leaving, we talked to bob buying eyeing -- bob iger -- >> i hope they stop. >> you don't want them to advertise? >> no. if somebody's going to try try to blackmail me with money? go [bleep] yourself. >> but -- >> go [bleep] yourself. [laughter] is that clear? i hope it is. finish hey, bob, if you're in the audience, that's how i feel. don't advertise. lauren: he was absolutely referring to bob iger because disney stopped advertising on x. if look, a lot of me likes what he's saying. users like what he's saying there because that's elon musk,
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unpredictable, says what he feels, what he means. but his customers aren't us, they're the advertisers. i think that was bad business. what do you guys think? >> i would agree, and i would also argue if you remember about a year and a half ago he went on that podcast and was, you know, smoking marijuana and the smoke was everywhere, that was the moment, i think, when tesla became shortable. tesla a was this great growth story, but if the judgment of the ceo comes in question, if a ceo can go in a public place, right, there's something wrong with that. i'm not entirely supportive of these commence. i think it shows poor judgment. stuart: maybe so, i be i like to hear it. [laughter] >> i know, i hear you. and, by the way, i wish i were long tesla, and i'm not. lauren: you know what those comments did really quickly? i think they're drumming up buzz for the cyber truck today. stuart: could be. coming up, president biden touted bidenomics. he says inflation is down. watch this. >> we have more work to do, but
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inflation's down at the same time, core inflation if is the lowest level in two years, the lowest inflation of any major country in the world. any corporation that's not passing these savings on to the consumers needs to stop price gouging. stuart: let me follow up on that. people now need an extra $1,000 to maintain the standard -- 11,000 to maintain their standard of living. tonight's the big night, california governor newsom against florida governor desantis. they'll debate. could this be a preview of a 2028 presidential matchup? interesting idea. that, or we'll deal with next. ♪ we're going at it tonight, tonight. ♪ there's a party on the rooftop, top of the world ♪ muck
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♪ ♪ stuart: tonight two of america's most prominent governors face off on fox. liberal gavin newsom, conservative ron desantis, they're going head to head moderated by sean hannity. ashley, the two governors and the two states couldn't be more different, could they? [laughter] ashley: you're absolutely right. also think it's fair to say that the two men truly don't like each other. newsom has called desantis a small, pathetic man, desantis says newsom if should stop grandstanding and chirping from the sidelines. but for desantis it is a rare opportunity to take center stage without anyone if else stealing his thunder as his campaign has been spiriting, and for somehow this -- sputtering, and for? newsom, another opportunity to position himself as a national figure within the democratic party even though he's not running for president, wink-wink.
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and, of course, when it comes to governing, the two politicians have very different stories to tell. so let's take a looked at the tale of the tape starting with employment. since 2019, florida has gained more than a million jobs. california has lost 85,000. the unemployment rate stands at 4.8% in california. in florida it's almost half at 2.8%. new business applications, 2.3 million in the golden state, 2.7 million in florida. as for population, well, california's lost just over a million residents. florida has gained 737,000. and as for spending, california boasts a $31.5 billion shortfall despite all the taxes. florida, by the way, has a $17.7 billion surplus. and, of course, let's not forget the cost of gasoline are. in florida the current average is $3.17 while in california it stands at $4.8ing 4 all thanks
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to higher taxes and and, oh, yes, don't forget climate egg layings. if -- regulations. so with those stats, you can expect gavin newsom to probably focus more on the abortion issue andd. trump while mr. desantis will hammer home that his state of florida has flourished while california has struggled. and and guess what? he has the numbers to prove it. stu. stuart: by the way, that expression from england, chalk and cheese, that's a flurry of interest in the studio here. we've heard it for years and years and years. give us another one next hour. ashley: i'll try. stuart: a black lives matter if leader is backing trump, how about that? for president. roll that tape. >> it's the duplicity of the democrats, the hypocrisy. we're not stupid. the brothers are not stupid. we understand when someone's for us and when someone is not, and it's obvious that the democratic party's not for i -- for us. a lot of people don't understand because they don't educate
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themselves on donald trump as a person and his history. but if they do that, and it's going to take, you know, educated leaders getting the word out there, i think that it'll happen on its own, and it'll be with organic because, personally, i love the man. how could you not like a real man, how could you not relate to someone like that? stuart: florida republican congressman byron donalds joins me now. trump is attracting a blm guy? what do you make of that, congressman? >> what i make of is it k -- it is donald trump's going to be the 47th president of the united states. there's been a lot of stuff the media's been culpable in in trying the make donald trump damaged goods, but that's far from the reality. he is the best president we've had in the modern era right there with ronald reagan. he is the best. you compare him to joe biden, it's not even a contest. i told you about a year ago, stuart, this is going to be the pepsi taste challenge for presidential elections, who did the better job, 46 or 45? if and the answer is the 45th
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president of the united states, not even close. but what is happening with minority voters in this country is they are looking at this economy, they are looking at a world that is now on fire, they are look at inflation, they're looking at what's happening9 with the future of their children, and they're realizing that conservative policies that have been put forward by donald trump are the pathway to success for this country. black people want that, hispanic people want that, white people want that, obviously, everybody wants it. donald trump is the guy that can deliver. that's why you're seeing this move of minority voters supporting donald trump. stuart: okay. we got that straight the. ed out. the annual reagan national defense survey shows 75% of us are concerned that china is taking over as the world's top superpower. are those concerns warranted, congressman? >> oh, they're serious concerns that we need to address. first and foremost, china is dominating the globe in critical minerals. we have to do the job here in
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washington, stop the environmental foolishness, get into the game because critical minerals are essential. number two, china has built a massive military, and they're on the move. we know they don't care about human rights. thats has a never been their concern, and they have a massive economy that relies in part on our economy, but it's massive nonetheless. china's goals have been clear, they want to become the world's superpower both economically and militarily. and the only reason that goal might be achieved is because of terrible hardship here in washington d.c. leadership here in washington d.c. we can be the continued superpower in the globe, but the united states government has to unleash the united states people. if we do that, we're going to be just fine, we won't have to worry about china. stuart: straight talk from byron donalds, congressman. that was really cool. thanks very much for joining us, as always. thank you, sir. >> thank you. stuart: quick check of futures, please. it's the last trading day of -- well, it's the last day of the month, november. it's been a terrific month so far, and look at this, dow up
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close to 200 at the opening bell, nasdaq up about 25. the opening bell is next. ♪ ♪ - when did doing business become more about culture wars
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stuart: we're looking at a furtherance of the rally this morning. dow up about 180, nasdaq up about 20 points. that's, what, if 3 minutes before the opening bell. d.r. barton with us. we had numbers this morning that show inflation's cooling just a little. that's got to be good for stocks. >> i do believe so, stuart. i think there's been so much good news, so many times over and over again on the economic front that this morning's news moved the markets the teeniest bit but not even that much with, as you say is, pretty soft inflation numbers. stuart: i take it though that you are following and sticking with amazon for the rest of the year. is that right? >> oh, certainly for the rest of the year, stuart. you know, it's been in my personal holdings. i have is recommended it as well. and i think there's a lot of different plays in amazon besides just looking at it as
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the big retailer and, you know, the third biggest company in the world or fourth depending on how you count your beans. and i think it's going to continue. they're going to show some really strong fourth quarter numbers when we see them next year, and i think some of the things they're doing in health and, of course, what they're doing in the cloud is still really strong, keeping them at the top of the pile. stuart: is costco your favorite retailer? >> i think right now with what they're doing and how well they are actually executing, stuart, i believe they might be my favorite retailer. their numbers are showing really well. they touched $600 a share recently. you can buy them now on the teeniest bit of a pullback. i think breaking through 600 would do really well for that stock and, of course, as you covered so well yesterday, they lost a board member in charlie plunger who was a fan of -- charlie munger who was a fan of
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the company and the business as well. so, yes, i do like costco a lot. channel checks show really strong preholiday sales, and you can't even get near my closest one here now that the holiday season's underway. stuart real fast, digital realty trust, dlr, you like it. give me 20 seconds on it. >> sure, stuart. they are people that handle the real estate and the management of data centers. the a.i. boom is helping hem out all over the world. they're a $41 billion company that i think is going to continue to be a picks and shovels pick in the a.i. space. stuart all right. d.r. barton, thank you very much, indeed. we'll see you soon. the bell is ringing, and that that means we're about to open trading on wall street this thursday morning. this is the last day of november, last trading day of november. it's been a spectacular month so far. i've not got the numbers in front of me, but i think the
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s&p's up close to 0%, if not -- 10 is %, if not more. so we've opened with a gain of a half percentage point for the dow, 17. 5 points. two-thirds of the dow 30 are in the green. this is something of a rally. show me the s&p 500, please. also on the upside is. not as much as the dow. it's up .115% -- .15%. nasdaq composite, not a bad gain there, actually, dead flat -- lauren: up 11% this month. stuart: that's up 11% in november. okay. i guess we've got -- the good stuff happened in november. i'm getting tongue tied this morning. >> well, it's because you're excited. stocks are finally going up, stuart. we've waited years for this, literally, two years for this. stuart: microsoft up again -- >> i know. stuart: apple's at 189. okay. how about -- that's big tech. let's take a closer look at microsoft, because they -- the script says they grabbed a seat on the board of openai. tell me more, lauren. lauren rawrp it's a non-voting
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position. it's an observer role, if you will, but i think it cements microsoft's interest in investigation investment in openai, and it has the ceo of microsoft, satya nadella, and sam at altman intertwined. they won't be surprised when, say, oh, ceo sam altman is fired. sam altman is not on this new board, and openai is ran like the a nonprofit. they don't answer to investors. their financial backer is microsoft. they answer to humanity and advancing technology to benefit humanity. stuart: we're often aa caused of spending too much -- accused of spending too much time on microsoft because i do own a thin sliver of it. you own microsoft too, don't you? >> absolutely. i think you have to own it. for me, american ingenuity portfolio, that, to me, is core inyes e knewty. as for what's happening with openai, it was a little weird from my point of view that microsoft didn't have a board seat before.
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i think it's still a little weird that it's a non-voting board seat now that they finally have one. remember, microsoft owns 49% of openai, and it's been valued at as much as a $100 billion. the question is, do they monetize it, or do they, as lauren pointed out, leave it for the men benefit of humanity. i think that was the issue with sam altman. stuart: any way you slice it, it's good news for microsoft. >> of course it is, yeah. stuart they've got the guy. >> they've got the magician. stuart: microsoft at 379. show me salesforce. i'm pretty sure they're strongly higher. they are, they're up 9% -- lauren: and this is a dow stock, a major reason why they're up 20 to points. the -- 200 points. customer relationship management, that's what they do. they call it einstein, artificial intelligence, at the company. customers are using einstein to generate e-mails, summarize video calls a across
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salesforce's range of apps including slack, a lot of people use that at work. we do. they raised their forecast, and they're cutting costs. so all in, this is a win-win for investors. stuart: salesforce, do you like them? >> i own it, i think it's a wonderful story, and i do think it's going higher. remember, there are fiver -- five activist investors in this company, and they've been pushing for a change, and they're getting it. stuart: are we going to see tesla cyber truck delivery today? lauren: bev within teased for four years, and the answer is, yes, at 3 p.m. eastern time. what can i tell you about the cyber truck? very little. we don't know the price. four years ago musk said about a $40,000. we don't know the range, and we don't know who's getting the first one. there are 2 million people who put down $100 for a reservation for the cyber truck, and i'd imagine the first person who did so four years ago gets the first one, but who knows? maybe 10 deliveries today, maybe 30. all unknowns. i think the unknowns and the allure that is elon musk is
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what's generating the hype for all of these years. it's a catalyst. i mean, it's the first new product they've had in four years too. stuart: it'll turn heads -- lauren: oh, absolutely. stuart different looking, and that material, that steel op on the outside, that's going to turn heads. lauren: but would a pickup truck driver who likes their f-150s go for a cyber? >> no. stuart: you're asking me? lauren: exactly. it's a narrow customer. >> i agree with you, stuart, it'll tush heads. it'll turn mine the other way. stuart: suburbanites will buy it, farmers will not. they're a lauren i think that's accurate. stuart: kroger reported before the bell. lauren, you saw the report. are consumers cutting back? lauren: yeah. they're being pickier about what they buy and how much of it they buy. i, my kids want snacks in the grocery store, we get a couple. i'm, like, put that back, it's too much money, you're not going to eat it or you shouldn't eat it. the stock is essentially flat. all right, down 1 is % now. they are seeing their fresh food prices come down.
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so their disinflation is what they're experiencing. so customers aren't spending as much money because prices aren't as high on some items, and at the same time that customer's being pickier. so that's why they trimmed their annual forecast which is why the stock is down. stuart: let's move on to snowflake. i know they're a software company. big gain, 7%. that's got to be a.i. lauren: yeah. they wanted a name for their a.i. application, so what customers can do here is extract data that snowflake stores in the cloud very, very easily. the customers like it. they stay with the company. snowflake is not based on subscriptions, it's just, it's regular customer relationships. so they have tradition. 436 customers paying at least a million dollars for their cloud services a year, and their quarterly revenue -- stuart: that'll work, wouldn't it? adam, you brought your stock picks with you, and your first one is charles schwab. >> yes. i know a lot of people running
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the american ingenuity portfolio say what's ingenious about charles schwab? it's an extremely well run business, it's also the largest broker in the world. as people got scared over the past year and took money out of stocks and put it into government bonds because they yielded more than 5%, obviously, that was money out of schwab's pool of how it could try to earn, right? if true interest -- through interest payments, financing, etc. and and now all of a sudden that money is finding its way back into portfolios which is good for -- stuart: it's 59 now. where's it going? >> probably going back to 75 or 80 where it belongs. it's trading right now at about 4 or 15 times earnings. -- 14 or 15. historically, it's traded at 20 or 21 is, which is a people if yum, but it's done a wonderful job. stuart: ford motor company. not like you to be buying an automobile company. >> yeah. well, i'll tell you what, the stock trades at 7 times earnings, the pe is 7.
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it yields 7%, how's that for a dividend? and the whole concern about the uaw strike is misplaced. the cost per vehicle is less than $1,000. it's really $7-800. ford can afford this. and even though there's some concern about whether evs are really the way forward, the margins ultimately will be better, and that's good for ford. i like it. stuart: all right, thank you. coming up, senate if minority whip john thune says the border must be a top priority because our national security is in jeopardy. he'll spell it out later in the show. south dakota's freedomworks campaign getting bad press. not bringing in enough work to south dakota, the governor, kristi noem, will give us the numbers. and internal documents show the biden white house wanted americans censored on matters relating to vaccine misinformation. the full story after this. ♪ break the silence i'm holding
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stuart: house republicans have obtained documents from google that show the biden white house tried to censor americans on, quote, vaccine misinformation. hillary vaughn joins us. all right, take me through what we know, or hillary. >> reporter: stuart, internal e-mails that fox business obtained between the biden white house and google employees at youtube detail how the white house tried to browbeat big tech to get them to censor covid vaccine content that they didn't like. documents show that the white house staff didn't care if the content was right or wrong with. if it wasn't pro-vaccine is, they wanted it taken down. google's youtube was eager to keep the peace with the white house as the president's team turned up the pressure on the
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platform. documents we on obtained show that biden's director of digital the strategy, rob flaherty, pushed youtube to take more action on content that didn't break their rules, asking about a tweet that claimed youtube's algorithm was pushing anti-vax content next to "breaking bad" videos. i'm curious, saw this tweet, i think we had a pretty extensive back and forth about the degree to which you all are recommending anti-vaccination content. you were pretty emphatic you were not. this seems to indicate that you are. what is going on here? this is the tweet that triggered the white house, the examples of so-called anti-vax content including a video of senator rand paul from a senate hearing talking about covid vaccines and a video of a vaccine debate with rf if k jr. youtube told from a flaherty they only remove content that contradicts the world health organization. the pressure from biden's team though did not let up, sparking concern among youtube
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employees. in another e-mail, a team member warned the drop in demand for covid shots is about to put a lot of pressure on social media companies to do more saying, there's a very high degree of interest coming from the white house now regarding vaccine mis-info, vaccine is has fancy, the role of tech -- hesitancy. it's about to come under a massive spotlight particularly as the supply of the vaccine is soon set to outpace demand. finish youtube teams highly sensitive to the white house's disapproval came up with a strategy to preend vent anything from, quote, spiraling out of control. what they feared might happen, we don't know. we reached out to youtube for more clarity on what they meant by spiraling out of control. we have not received any comment back from the company. we also reached out to the white house for comment. they did not respond to our request either. stuart? stuart: hillary, thank you very much, indeed. tennessee senator marsha blackburn joins us now. madam senator, the white house is censoring americans. what do we do about it?
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[no audio] >> yes. we have watched closely as the white house has tried to do a disinformation bureau, a ministry the of truth and has tried to censor the american people. there are a couple of things that aye worked on for a period of time -- i've worked on for a period of time. number one is an online consumer privacy bill, and that would give people the right to control their information on -- [audio difficulty] the deal with section 230 of the 1996 communications act, decency act. and that is where we can go in and use more specific language. and, stuart, we would be able to curtail some of this censorship -- [audio difficulty] and to work with the white house to try to manipulate.
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stuart: have we lost the senator? has the audio just gone out right there? i'm ott not sure. we do have the senator, okay. madam senator, camilla haste was asked about -- kamala harris was asked about a possible tiktok ban. listen to her response, please. roll tape. >> -- chinese-owned social media platform which vir lull chi everybody in the country is now looking at on a daily basis needs to be regulated or in some states as you know they're trying to ban it completely. >> i think we should take very seriously the fact that not only individuals, but nation-states take -- >> china's doing that? >> -- to undermine the democracy of the united states of america -- >> and the view on the social media piece, you don't have a specific view on tiktok itself? >> i'm not -- >> oh, you won't? stuart: that was pretty clear, no comment from the vice president is. senator, why won't harris comment?
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>> -- ban tiktok. tiktok is a surveillance tool that they use to actually follo- [audio difficulty] and they captured this data, they carry it outside of the country regardless of what the tiktok ceo has told us. and also, stuart, remember, tiktok is owned by bytedance. bytedance is closely aligned with the chinese communist party who has a seat on the byte withdance board, and all of that information is shared with bytedance board members. that is your information. it should be banned, and i am so pleased to be working with senator rubio with his legislation which would ban tiktok in the u.s. stuart: okay, i've got it. senator black burp, thanks for joining us this morning. we'll improve the awed a owe quality next time we have you onboard. thanks so much, ma'am. now this, the navy -- that would be the u.s. navy -- shot
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down an iranian-made drone. tell me more. lauren: a u.s. warship in the red sea shot down this iranian-made drone that was launched from yemen, a part controlled by the iran-backed houthis. this drone was headed toward a u.s. warship. that warship was escorting a navy if oiler, and the ship carrying u.s. military equipment. this happened during the ceasefire. it's the first confirmed attack on u.s. forces since november 23rd, since the ceasefire. and if you're keeping track, because there have been dozens, there have been 74 confirmed attacks on u.s. bases, 36 in iraq, 38 in syria since all this started. stuart: it was a powerful and heartfelt speech by the leader of the united states senate, chuck schumer e. what a contrast with what we saw in new york city last night if at the tree lighting ceremony in rockefeller center. that will be my take, top of the hour. at least 20,000 migrants have been sent to chicago since last august. the city's scrambling to shelter
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them. we have a report on that next. ♪
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♪ stuart: the migrant crisis in chicago clearly growing, and that has democrats pointing the finger. kelly saberi joins us. who is major -- mayor johnson blaming? >> reporter: stuart, he's blaming the previous administration of lori lightfoot as well as right-wing extremism. take a listen. >> the international crisis that i inherited six months ago made it very clear that we are going to make sure that we remove people out of police districts, women and children who are living on floors and sleeping outside. what we've seen is a very rag raggedy form instituted by right-wing extremism. they've been very intentional about going after democratically-ran cities that are led by people of color. >> reporter: construction began this week on winterized
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camps for migrants, moving them from the city's airports and police stations into their own designated area. julia ramirez is the alderwoman of the 12th ward where this construction site lives. she says construction began despite disapproval from residents of the area. in a statement, ramirez said, well, let me be clear, i am opposed to the construction of this site. the administration's a decision to proceed without addressing our concerns not only undermines transparency and efforts of co-governments, but also disregards the well-being of everyone in our community including the asylum seekers. since the fall of '22, texas has sent more than 20,000 migrants to chicago, creating the need for 20 active migrant shelters throughout the city. the mayor's office says taxpayers will pay $361 is million to help house and feed these migrants in 2023. meanwhile, toxic heavy metals have been located here at this construction site, and we're
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expecting a full report about this from the mayor's office by the end of the day tomorrow. this construction site that they're currently working on is expected to house about 2,000 migrants, stuart. stuart: kelly, thank you very much, indeed. quick check of the markets. we're in business now for 25 minutes, almost 26, and we've got the dow now up 280 points. thank you very much to adam for spending some time with us this morning. hope to see you again really soon. still ahead, douglas murray on the free-light -- tree-lighting ceremony. what chaos. new york congressman mike lawler on new york's refusal to establish a task force, and south dakota governor kristi noem on banning sales of farmland to china. the 10:00 hour is next. ♪ ♪ ♪
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