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tv   Varney Company  FOX Business  December 5, 2023 9:00am-10:00am EST

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packed sames' club store. the deer went for a dip in a nearby pool before making its way into the store. luckily, animal control was able to capture the deer. the deer's okay, cheryl. >> he's probably really scared, but, yeah, he jumped a wall, went through some a backyards, then he hit sam's club. i think it was a great day for that little deer. [laughter] he's probably back out in the forest now going, well, that was interesting. [laughter] >> california's deer population has fallen by, like, 80% in the last half century, is consider this a christmas miracle, especially that the deer was able to find its way through southern california, and hope any, animal control brought it back the safety. maria: thank you for that. 30 minutes before the opening bell, dow's down 113. we've got the jolts report at 10 a.m. and, obvious, jobs data the rest of the work. t the iana, cheryl, thank you. see you again tomorrow, everybody, thanks for being here. stu, take it away. stuart: good morning, maria, and good morning, everyone.
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two events overseas making headlines. israel has built giant pumps capable of flooding the tunnels in gaza with mediterranean sea water. big risk. hostages may be in these tunnels, and sea water would ruin the supply of drinking water. separately, the idf if says it has raided hamas security headquarters. the had the war continues. in due dubai, a cop28 climate. conference is descending into farce. the u.n. secretary-general says there must be a folt phaseout od gas. saudi arabia says, absolutely not. al gore says this is the most brazen conflict of interest in the husbandly are of climate negotiation -- history of climate negotiation. to the markets. the dow industrials down about -- sorry, we've got the yield -- let's deal with that first. yield on the 10-year treasury, 4.20%. so that yield is down. you'd think that would help stocks. apparently not this morning. the dow industrials are going to be down over 100 points at the
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opening bell, the s&p also on the downside, and the nasdaq composite sharply lower. interest rate, as i was saying there, edging lower. 4.20 on the 10-year treasury. that is not helping the nasdaq, and the 10-year yield -- let's see, the 2-year yield, let's get to that, 4.61 right now on the 2-year. all right. bitcoin, a that, it's now at, almost hat $42,000. it hit 42 grand earlier, 41,8 right now. gas down again, off two cents overnight to an average of $3.22 a gallon, still 11 states below $3. diesel down one cent, $4.18 is your price there. politics. this week shows how the presidential campaign will roll out. the republicans out front and vocal, trump holds a town hall with sean hannity tonight on fox. tomorrow four gop hopefuls will be squabbling for attention at the alabama debate, but the president, he'll spend the week raising money and largely staying out of sight or at least
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as out of sight as his handlers can make him. on the show today, hillary clinton, senator kirstin gillibrand and sheryl sandberg deliver speeches at the u.n. condemning rate as a weapon of war. breakdown in chicago, maw your -- mayor johnson can't handle the influx in migrants. he's losing even his own supporters. tuesday, december 5th, 2023, varney and company is about the begin. ♪ ♪ ♪ ♪ stuart: i knew that. you didn't know that? taylor swift, we've only begun. charles payne, you didn't know that. fess up, charles. [laughter] sixth avenue on a tuesday morning. not exactly crowded, is it?
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let's start the morning with a look ahead to 2024. the likelihood of young people voting in next year's election has plummeted since 2019. good morning, jackie. >> good morning. stuart: this is a key demographic for democracy. >> this is really interesting because you really need the young vote for democrats. that's how they got it last are time, it was one of the groups that helped them take it over the finish line. but now the indication is they're sort of dissatisfied with everything that they're seeing. so there was a poll that was done that shows that these young voters when they are asked about certain issues whether trump or biden, they actually trust neither to handle those issues, stuart. that's the israel-a hamas war, climate change, gun violence, ukraine, crime and public safety. and neither column is polling higher than both of the candidates. that's a problem because you need these gen-z and young millennials to take you into th- stuart: they're not voting anything like the numbers in 2019. >> no. stuart down, down, down. >> down. is. stuart: thanks, jackie.
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i want to bring in lawrence jones. he just happens to be at a diner in north carolina. lawrence, good morning to you. a new billion shows 60% of republican primary voters back trump. where do the diapers stand where you are -- diners stand where you are now? >> well, i said this at the beginning of the primaries, just based on the diners that i was going to, there was really no ap a tighten for another candidate but trump -- appetite. and i know there was a wave of folks that said ron desan advertise e -- ron desantis was going to be the person. although people love desantis, they just felt like trump was their guy. and it only accelerated when the weaponization of the doj and all the different prosecutions started to happen. plus you had inflation going up, then you had crime going up, you had the border not being secure and now on the national stage they felt like he negotiated
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things through peace through strength. i just think that only electrified his folks and his base. i don't think anything has changed over the past six months of me talking with focus about if they felt like he was their guy, i think it only made them double down on their support for trump. nothing has changed. the same thing in this diner today. had ron desantis at a diner the other day. they like him, gave a nice speech to them, electrified the crowd, but they don't see him as their -- as the guy yet. maybe in the next election. right now it seems like trump still has a hold on the republican party. stuart: it's the fourth republican debate tomorrow night, wednesday night. do the diners want the four remaining candidates to just drop out and leave it the trump? -- to trump? >> you know, it's so funny, i was talking to a lady last week in georgia, and i asked her what do you think about the republican primary, and she goes, there's no primary.
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the race is over. is i -- and i think a lot of voters feel that way. but again, i always caution the former president to be careful with that, because there is a certain segment, although small, that may be in favor of another candidate. and they don't -- voters don't like being pushed for another candidate when they have made up their mind on a candidate. so although he holds the base, although there's a lot of people that support him that say, hey, you're just wasting time and money, you're wasting camera time by having this debate when we've selected donald trump, he still has to go through that process. and the candidates have to organically drop out on their own. they can't be forced to do that. stuart: organically drop out on their own. nicely put, lawrence. delicately -- >> thanks, brother. i may use that on "fox & friends" tomorrow. stuart: you got it from us. lawrence jones, you're all right. thanks for joining us. see you again real soon. thank you, lawrence. president biden's headed to
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boston today. what's on the agenda, jackie? >> money, money, money. he needs it. big donors in boston have it. he's going to do three fund raisers. one of them is tonight, james taylor is going to be performing. tickets are $50 fish balcony, that's -- fish balcony -- he's going to have to fight hard and he needs money to do it. stuart: james taylor, oh, woe is me, how awful life is. [laughter] >> exactly. stuart: sorry about that. we're looking at red ink for the opening bell in about 20 minutes' time. down 100 for the dow. now i want to see bitcoin, and i'll tell you why. bitcoin hit $42,000 this morning, and none other than charles payne is joining us this morning. have you ever been a bitcoin fan? >> i have one bitcoin. stuart: oh, do you?
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>> i opened a coinbase account two years ago, i put 50 grand in, and i was safing the 50 grand for the worst, crap crappiest coin out there. i wanted to buy something that was 00001 and then would go to a buck and i would go to a trillion dollars. the only thing i was worried about was it would happen overnight while i was asleep, and then by the morning -- that was my nightmare! stuart: are you putting any more into bitcoin? >> i might. my office used to be next to stossel in the building. he was one of the first people that i knew personally who was into this. a lot of the anti-government folks are. anyone who is concerned about fiat currency which, by the way, should be everyone, quite frankly, promoted this a long time ago. the only thing i had trouble with, the idea that this amazing, full proof design that could never be breached, i mean, every day we wake up to cybersecurity crimes and, you know, but i got that tell you,
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it's -- i will probably buy more at some point. listen, i've got some gold. but this is the way i look at it, because i don't think the gold-bitcoin comparison works anymore. for me, gold is a store of value is. i'm not going to get rich with gold, but gold is something that will be worth something forever. but i think bitcoin is an investment. could be an investment that can go up in value maybe tremendously. so it's got huge upside potential, and the adoption rate is growing faster and faster. stuart: jobs report on friday. you think that's pivotal to the markets in what way? >> without a doubt. i mean, listen, everyone wants to believed that the federal reserve is out the way. the last test of this might be this jobs report. ironically, the estimate is a little bit higher than the month before, but what i'm looking at mostly, obviously the fed wants to see the up employment if rate, which is the u3 -- i hate that a number, right? it's so manipulated. it's just a terrible number.
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they're focusinged on it, unfortunately, everyone does. i'd like to see jobs outside of leisure, outside of government, outside of health care, you know? i want to see organic, the borrow a word from lawrence, real,ing organic job growth in this country. stuart and if you get it, if you see that, what does the market do? >> well, the jobs report is too strong, the market will go down. but i don't think it's going to go down a lot. we can see the finish line for the federal reserve. whether they cut rates in march, may or june, i'd rather it, quite frankly, be later. if they have to cut rates in march or february, that means the economy is in freefall. stuart: right. >> and i would love to see them have to cut rates later in the year and just to have a little bit of a sweet spot. they're out of the way, we can focus maybe on fundamentals for a change. stuart: we'll be watching you this afternoon, 2 p.m., "making money." >> thank you very much. stuart: you got i. futures, please, where are we
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going at the opening bell? down but not that much. coming up, the white house warns ukraine aid is oning out. they want more funding from congress. but what about money money for our borders? that's congressman california loss jimenez's priority, he's on the show. and israel thinking about flooding the gaza tunnels. but what do you do with the hostages down there? an idf spokesman is here and he'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?
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stuart: smoke rising again from gaza today as the israeli
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military pushes deeper into the south. trey yingst on the ground in israel. the latest, please, trey. >> reporter: hey, stuart, good morning. there are new reports of rocket fire from the gaza strip today. 60 days into the conflict, hamas and islamic jihad still fighter on major cities. sirens sounding in tel aviv and across central israel after 15 rockets were fired from the gaza strip. we also know that we are following a report today about tunnels that the israelis are considering -- and i just want to actually pan up here and show you something as we are talking here. there's a helicopter that's firing some flares here along the border. so as i talk about this, i'm just going to show you the scene here. this is just along the israel-gaza border, stuart, and you can see this helicopter as it fires flares, likely launching missiles into sass a saw -- gaza and firing flares so it doesn't get shot down by anti-aircraft. as they continue these air and
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ground operations against hamas, they're considering flooding the tunnels with sea water from the mediterranean sea. and if this takes place, it does raise questions about what it will do to the is access to fresh water. it also comes a forces say they raided hamas headquarters overnight. soldiers from two separate units located rockets and weapons before calling in airstrikes. the israelis ramping up efforts in the south today trying to go after a number of hamas leaders. we understand that they are calling for more evacuations from the southern area, and a source in rafah, the third largest city in gaza, saying that internet was cut off last night. this does come as iranian threats are increasing not just from proxies inside gaza, but you had iran's foreign ministry overnight saying, quote, no action against iran, its interests or our advisory forces will go unanswered, and we do know along the northern border
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between israel and lebanon, hezbollah firing new rockets into israel today. stuart? stuart: thank you, trey. the state department says this is the reason hamas refuses to release all the women and children hostages. just watch this. roll tape. >> the fact that they continue to hold women hostages, the fact that they continue to hold children hostages, the fact that it seems one of the reasons they don't want to turn women over that they've been holding hostage and the reason this fell apart is they don't want those women to be able to talk about what happened to them during their time in custody. certainly, there is very little that i would put beyond hamas when it comes to its treatment of civilians and particularly its treatment of women. stuart: a spokesman for the israeli government joins me now. avi, that's dramatic claim from our state the department, but is the world listening? >> thank you very much for having me on, stuart. i'm not sure who is listening. what i can tell you is that
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we're hearing daily reports, testimonies from both hostages that have been released and eyewitnesses from october 7th when hamas plowed through our borders and slaughtered everybody in sight, raping women, sexually assaulting men, children, dismembering limbs. it's something i can't really speak about in length on daytime tv. but we know who hamas are, and we will plow if on with our mission to destroy them and bring home all 240 hostages. stuart israel is considering, we're told by the wall street journal, considering flooding a hamas' network of tunnels in gaza. now, what about the hostages who may be in those tunnels, and what about the sea water destroying local drinking water? >> so i've seen those reports, i heard or what trey just said as a well. loose lips sink ships. i can't speak directly to operational activity or plans. what i can tell you, what has
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flooded gaza in recent years is billion and billions of dollars in aid money, aid money that has gone to establish that massive network of tunnels, underground civilians embedding themselves under civilians to commit the double war crime of attacking our civilians while using their own civilians as human shields. we're plouffe on with the mission -- plowing on with the mission to destroy hamas. as of sunday we have found 800 tunnel shafts and destroyed 500, and we will continue to destroy those tunnels so that never again can they perpetrate the types of atrocities that we saw on october 7th. stuart: okay. before you went into gaza, did you know the extent of these tunnels? did you know that there were literally 300 miles of tunnels? >> i think that we have solid intelligence on the ground, you know, what's going on in gaza. we knew that hamas operated in the way that they operate. they want to insure that there's maximumming civilian casualties
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on both sides, and we want the make sure that we free gaza from hamas if while minimizing civilian casualties. it's a brutal a enemy, but we're doing this not only for israel, we're doing it for you in america and for the entire west. stuart: you're not stopping until you crush hamas no matter what the west and america says, is that correct? >> to borrow a line from somewhere else, stuart, if you tolerate this, then your children will be next. we're seeing these testimonies, we're hearing about children that for days and days afterwards can't speak without whispering because they're scared, because they were held by masked monsters with machine guns deep underground. we can't tolerate this because the west will be next. stuart: thank you very much for being with us this morning and giving us a very interest picture of what -- interesting picture of what's gown on. thank you very much, indeed. >> thank you, stuart. stuart: now, we've seen a lot of donors pull their cash from colleges over anti-semitic protests on campus.
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jackie, how are they filling the funding gap? >> it's hard, but basically what's happening is $2 million is what $20 million used to be from a donor. now, these schools will tell you that you can't buy your way in, but they do give special preference to those people who give these million dollar donations and to their children. so now if the bar used to be 20 million because so many donors are backing away from the schools and their support of anti-semitism, they're saying, okay, if you can come up with a paltry $2 million, you'll get that special edge now. we've got a quote from the found or of -- education, now they're backing out, colleges need to figure out how to fill the gap. the only way to do that is by recruiting lower amounts of donors but then, of course, you need more to donors to reach the higher bar. stuart: i didn't realize you could actually buy your way in -- >> you know, it's amazing to me. they're liberal schools, and they would say, you know, it should be fair and money shouldn't talk here. stuart: but it does. >> it does.
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all the time. stuart thank you, jackie. check the futures again. i've got a lot of red ink, down 140 on the dow, down nearly 100 on the nasdaq. back in a moment. ♪ ♪ trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning.
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eloro resources. stuart: futures indicate some el selling at the opening bell, dow down about 100, same with the nasdaq. mark avalon with us this morning, parents like to give money to their children, so what stocks are best positioned for 2024? can you be specific ors or please? -- specific, please? >> well, good morning, and yes, i can. typically, in the old days the stocks were the ones like disney where you had a picture of minnie and mickey mouse, and the kid was able to frame it in their ram radio. now you get a digital entry. so some of that joy is gone. in themes of what stocks might be good for 2024, that's going to be a lot different than for the next 20 years when they go to cash it out. if you want to look at a 1-year, i think you should look at what's going to happen in 2024
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which is an election cycle. that's a massive ad spend. and that means meta and alphabet. their valuations compared to their peer for group, still relatively attractive. so i think you could play it both for the long term and for the election year bounce if you're looking at something like meta or google-alphabet. stuart: what about xlk? that's a technology etf, right? >> right. and this is what i was getting at with the 20-year number. much better to own a basket of stocks in an etf. you bundle or all the big tech fakes that you -- names that you talk about, the nvidias, microsofts of the world, put them in a tech etf, and that way you avoid that single stock risk because all too often these 20-year buy for your kid and save it, what if it was a citicorp or ford, we've seen near disasters with ibmge, certainly. you want to avoid buying and
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holding blindly for 20 years. you can diversify with an xlk, a basket of america's best. stuart: i'm just intrigued at meta and alphabet because they would cash in bigging time on the ad craze next year during the election. i think you've got a good point there. never thought of that, but you're right, they're going to spend a billion dollars in ads next year at least, and meta and alphabet might get a piece of it. mark avenue loan, thank you very much for being specific. by really like that. see you soon. what have we got now? 23 seconds before the market opens on a tuesday morning. we'll show you the nasdaq and the big board as we usually do, and you can see they're all getting ready to press the button and get rolling. i don't see any major news item affecting the market as of this morning. there's nothing huge out there the at this particular moment. but i will tell you watch out for bitcoin. $4 2,000 as of this morning. there you go, hit the button and away we go. we're off, we're running, we're opening this market on the downside. the dow at the moment is down 85
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points. about two-thirds of the dow 30 are in the red, that means they're being sold. and about one-third up. top leader there is verizon, i believe. there you go. s&p 500, that's down one-third of 1%. the nasdaq composite is down, exactly how much, i'll tell you now, down .43%. some selling this morning. big tech, we always show you big e tech right there at 9:30 because that's where the money is. apple up at 191. apple, meta, microsoft, look at microsoft, all the way back to 366, down $20 from last week. it's killing me. then we have meta and ibm, they are partnering up. and both of them are down, but what's the partnership in. >> they're trying to put a coalition together to do openai research. and notely ab -- notably absent is your darling, microsoft, because that's their biggest competitor. some of these companies are caming -- teaming up with, like, amd, for example, and also
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institutions, academia, to push forward in the a.i. revolution because there are certain companies right now, microsoft is one of them, that is perceived to have the edge, but nobody wants to be out of this game. they all a want their piece of it. so they're working on it together. and it's interesting to me because they're struggling, but these are really big names. we're in the early innings of this. there is still the room to run. pooling resources sometimes isn't necessarily a bad thing, but this market has gone up a lot. tech, a.i., it's all moved a lot, so i think people are saying, you know what? let's take a breather and see how this shakes out. stuart: got it. nio, a chinese electric car company and i take it they're doing well because they're up 5%. >> they are. at first they were slightly lower, now they've rebounded to trade a little bit higher. it was a good report. didn't quite meet wall street's expectations on deliveries, the expectation was 60,000, they hit 55,000, but the bar for wall street is very high with this stock. and just interesting the me because, again, chinese ev
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maker, when our administration is i doing -- destroying the a automakers in the united states. stuart: nicely put. destroying -- >> i mean, i give it how it is. stuart constituter nokia. i think they're close to a 3-year low. yeah, they are. 295, down 6%. >> yeah. stuart: why -- is at&t to blame? >> they are. erickson's working on a new technology, and they've got a 5-year contract with them that could be worth $4 billion of spending. -- 14 billion. they dropped nokia to do it which is why you see that stock trading lower. it's called open access raid yes network, it's supposed to treatment -- streamline the technology and cut costs for at&t, so that partnership having an impact. stuart: below $3 a share, ouch. they're saying as a that zen ca is going to help that
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outperform. we're shifting, right? covid vaccines are out and weight loss is in, so that's a sector to keep track of in 2024. stuart: why are they all down? i suppose it's profit taking -- >> absolutely. and i think you're seeing that across the board. stuart: take two interactive. i know they released the trailer for the newest and highly anticipated grand theft the auto. why's it down? >> i think it was released by accident. i think it was supposed to come out tomorrow and it was actually leaked on social. obviously, it's a highly anticipated game, grand theft auto. the game is supposed to come out in 2025, i'm not sure if we have video of the trailer, i didn't actually get to see it myself. but, you know, the gamers are going to be watching. and then the again, why is it watching even though this is exciting? it's next year proposition for that company and so, you know -- stuart: i'm always surprised at the size of the video game market. >> oh, yeah, there are a lot of
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gamers and closet gamers. and that has become -- we are all addicted to our devices. we like to sit behind screens and not communicate unlike the way i communicate with you -- stuart: oh, face to face. this is extraordinary stuff. >> really special. stuart: we'll text each other. [laughter] check the big board. four-and-a-half minutes' worth of business, we're down 91 points but still at the 36,000 revel on the -- level on the dow jones industrial average. dow winners headed by apple, now at a 192, up a couple of buckings there. verizon, j&j, ibm reaching 161. i that's interesting. i remember a few months ago it was at 13 if 5. they've had a nice run. >> huge run are. stuart: show me the s&p 500 winners, there are some. there are for many, in fact. smucker, at&t, cvs, apple on that list too. nasdaq winner, apple, 192, up 2.70. tesla, t-mobile. tesla a's down 2.36, got it.
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the 10-year treasury yield down, 4.21%. why is that not helping the nasdaq? when those rates go down, the nasdaq usually goes up. not today. gold, fairly close to an all a-time high at $2,042 per ounce. the other day it was about 2100. bitcoin purling back a little -- pulling back a little. no, it's not. it's at a $432,100. -- 42,1000. >> wow. less of a loss than we saw earlier. stuart: that's a rally and a half. the price of oil, low 70s, 73.59. nat gas, don't really care, $2.78. now, gas, ooh i'm always intrigued by gas, the average a price for a gallon of regular across the country is now $3.22, 11 states are below $3 a gallon. diesel down one cent at $4.18. coming up, migrants in chicago begging president biden to extend work permits. should they be allowed to work? i'll ask chicago pastor corey brooks.
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do you know what the word ris -- rizz means? no, i don't want. it's mostly used my younger the -- by youngsters. it was just named the word of the year. i want to try to use it in a sentence. >> we'll try. [laughter] stuart: the administration wants congress to pass a $10 is 6 billion worth of aid to ukraine and israel, but they won't tap into the $90 billion in unused covid funds. why noting? i suspect covid money is being used to ball out the -- bail out the states. let's see what larry kudlow thinks, he's next. ♪
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stuart: we're ten minutes in. dow's down 130, nasdaq's recovering a bit, just down 37. the the administration wants congress to pass a $106 billion
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worth of aid to ukraine and israel, but it will not tap into the -- i'm now told it's $135 of unobligated, unused covid funds. edward lawrence at the white house. the covid public health emergency is over, so why won't the administration use covid funds for aid? >> reporter: that is a really good question. in fact, the treasury department told me that they have changed or clarified a rule the day after thanksgiving to allow states to actually allocate more, the rest of the $350 billion pot that was in the american rescue plan. and that plan did not pass with any republican support on this. now, of the $350 billion, $135.1 billion remains unobligated as of june of this year according to an inspectorrer general committee. this could cover the entire supplemental funding request from president biden. the administration says, no, we need additional spending. >> the resources congress has provided for ukraine and other
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national security needs have halted russia's advances in ukraine, helped ukraine achieve significant military victories including taking back more than 50% of the territory that russia a had previously occupied. >> reporter: so for some republicans, the money should come from the supplemental -- should come from leftover covid money. for representative byron donalds, the $106 supplemental request that includes money for ukraine, israel and profession at the southern border makes no sense until we can stop pictures like this. >> the house is going to look at the appropriation bills for the federal agencies, no more and no less. of they've got to do their job. why would we continue to fund other operations in the world if to our border remains unsecured? that makes no sense. that's basic mismanagement of the people's pocketbook, of the people's -- we're not going to do that. >> reporter: and the point for him is that the government priorities need to change, but also some republicans say the money's already there.
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back to you, stu. stuart: got it. edward, thanks very much, indeed. look who's about to appear on the right-hand side of the screen? his name is larry kudlow, and he's our guest this morning. all right, larry, this $135 billion, it's -- i think it's going to be going to the states, and that amounts to a bailout, doesn't it? >> well, yeah. it amounts to just more stimulus from federal spending that they don't need. i mean, that's -- i don't know if it's a bailout per se, but this administration loves to spend. this money goes back, by the way if i'm not mistaken, this money goes all the way back to the 2021, the march 2021 so-called american rescue fund which was unnecessary at the time. it was $1.9 trillion and which triggered the inflation which peaked at 9%, now it's down to
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about 4% with higher interest rates from the federal reserve. but, in fact, prices are so much higher than they were three years ago, the level of prices is going up even if the inflation rate has calmed down a bit. so this is called fiscal inflation, okay? the government spends money, they're literally putting it into your bank account directly. i guess they're going to use the states as a broker. but, no, we don't need any of this stuff. look, the unemployment rate is still less than 4%. the inflation rate is still way ahead of the fed's target. [laughter] no matter what, the bidens love to spend. spending as a share of gdp is about 25, stu. the 50-year average for spending is about 20%. that's how far they've gone off a track. stuart: once they start spending, they'll never stop.
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next one, the u.s. is leading a coalition to triple nuclear power by 2050. they're trying to limit claimant change. do you have any -- climate change. do you have any problems with that, larry? seems like a good idea to me. >> i think it's a great idea. it's good to see the greenies endorse nuclear power, especially nowadays. the technology has improved so much, you've got these small modules that can be with used for states and localities, you can even a move them around. they all have good safety. so i think the nuclear power thing is great. but, you know, i also think going back to this meeting that we just had in the middle east, what was it, cop28 where the uae host -- stuart: yeah. [laughter] >> -- the sultan said if we abandon fossil fuels, we're going to retreat to the caves. i love that. i absolutely love that.
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because i think it's crazy to abandon fossil fuels. and, again, you know, we had mrn o'leary, last night, and he was talking about this, how the clean technology, you know? if scrubbers and sequestration, cleaner coal, we already have the cleanest oil in the world. natural gas is a clean burning fuel. so there's no reason to end fossil fuels. it makes no sense whatsoever. but if you want to tack on nuclear development, i am all for the nuclear side. stuart: good stuff. i'm sure you'll be watching hannity, sean, with trump tonight. that should be ec closive and interesting. -- explosive and interesting. is and we'll be watching you this afternoon, 4 p.m. eastern, right here on fox business. >> drill, baby, drill. stuart: agreed. [laughter] go for growth. now this, a new poll reveals 1 out of 3 gen-zers, 11 to 26-year-olds, they say the key to building wealth is to be
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self-employed. >> love this. stuart: to so do i. i expect it's easier to start a business online. >> yeah, but what does an 11-year-old know about working for a business? this should a lot of gen-zers on instagram, take it with a grain of salt. many of these people are living at home with their families. they've been impacted by higher inflation. they realize now, oh, the man lied to us, he's not going to be paying back our student loans, remember those on the 26-year-old side probably have those loans the pay, and they're trying to think of what was best way is to achieve their version of the american dream, and they realize that owning your own business still presents some opportunity if they don't crush that too. stuart: and they're right too. the american entrepreneurial spirit is a fine thing. thanks, jackie. here's what we have coming up. cop28, i think it's descending into farce, and it's not over yet. that's my take, top of the hour. then there's this, a.i. already
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stuart: it is a.i. week at a fox business. today we're taking an inside look at how a.i. is revolutionizing medicine. lauren simonetti at a hospital in new york. all right, lauren, how is that hospital implementing a.i.? >> reporter: stuart, how are they not using a.i.? every doctor right now is saying, hmm, how could i use an algorithm that is trained on mountains of data to find a use case for a.i. to predict how a patient will respond to something and then to personalize their care. take seizures, for instance. believe it or not, a lot of doctors don't know why a patient isn't responding or waking up. >> most of the patients in the intensive care unit don't have visible seizures like we see on
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tv or we've seen in the community. they have something like silent seizures where they're having seizure activity in their brain, but their body's not moving. >> reporter: so a traditional eeg would take anywhere from 4-60 hours to determine if that patient is having a seizure or a silent seizure. bring in artificial intelligence. anne marie here is a nurse, she's administering this headband with electrodes on it, as you can see here, and she will squeeze each one. gel will pop out and be able to tell on the monitor behind her if this patient -- who, by the way, is a pop -- is experiencing a seizure. the algorithm is right here. and as you can see, stuart, no seizure, right? but if there were a silent seizure, this is what it would look like and what would happen. and then the doctors and the professionals know right away, okay, let's treat this patient accordingly. let's move them to a different
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area where they can get the proper care, higher care and the proper medicine. so every single doctor is probably saying right now, whoa, there are machines like this and algorithms and technology going to replace me? i asked every doctor here. the answer is hard no. they're going to work with the technology and perfect a human bedside manner to explain the technology to the patients. back to you, stuart. stuart: perfect the human bedside manner. that will be very important to me. for it's all about that. stuart: lauren, thank you very much, indeed. see you again later. jackie, has a.i. changed your life at all? >> not for the better. i love what you're doing with the medicine, as a cancer su vi, they're backing up doctors, and i think that's a wonderful thing. somebody in my family got scammed. they took online the likeness of a celebrity image and voice, put a video together selling something. the person clicked on it, put their credit card information in and literally started seeing multiple charges pop up on the credit card.
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so there is a dark side to a.i. a.i. while some of this stuff is amazing, we have to as a country find that balance as we move forward. stuart: the person got out of this problem? >> they did, they canceled the credit card, but it's scary. stuart: yeah. thanks for joining us for the hour, by the way. >> thank you. stuart we'll be watching you on "the big money show" at 1:00 eastern here on fox business. still ahead, carlos gimenez, one of the are republicans urging biden to suspend travel to china. he's worried about the rise in respiratory illnesses. four gop if candidates made the cut for the debate tomorrow night. can they catch trump? cul immediate on that. what is rizz? do i have it? i'll ask jimmy failla. do we have to phase out fossil fuels or not? i'll ask foreman energy secretary rick perry, he's going to be here. the 10:00 hour is next. ♪
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