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tv   Varney Company  FOX Business  December 5, 2023 10:00am-11:00am EST

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stuart: reach out, the four tops. it is 10:00 eastern, red inc. nasdaq is turned her around 100, nasdaq is up 21 points. the 10 year treasury yield, 4.21%. the price of oil roughly $73 a barrel, not much change and bitcoin, a rally, $42,260 a coin. we have the latest read on job openings. how many jobs are available. ashley: it came in at 8.73 million, that's a lot less
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than estimated, 9.3 million job openings, 9. 55 in september. a big drop in the number of job openings at the end of october. should we move on to the service sector, the manufacturing sector, the services, nonmanufacturing if you want to be official came in at 50 pool -- 52.7. the estimate for 52, expansion for the services sector, it has contracted 13 straight months. stuart: we will see if there is any impact. cop 28, the great climate conference, descending into fars.
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hosting the whole thing, there is no science behind phasing out fossil fuels to limit global warming, predictably that caused uproar. un secretary-general antonio gutierrez said we must have a total phase out. al gore chimed in claiming the sultan is engaged in the most brazen conflict of interest in history of climate negotiations because he runs a giant oil company, a huge expansion of oil and gas production. king charles iii said fossil fuels threaten the existence of the planet. he shouldn't put the monarchy into politics. 's mother queen his mother queen elizabeth would never have done that. the saudi ruler mbs asked about a phaseout, absolutely not, his words. yesterday, back to the podium, angrily denied having said there is no science even though he said it on tape. they are trying to paper over their differences. will the final communiqué call for an orderly and just
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phaseout of fossil fuels or accelerating efforts toward facing out or just not mention fossil fuels at all, they are trying to paper over their failure with platitudes and john kerry watching his life's work go down the tubes claims victory in the war on call. last point. if they can't agree on where to hold next year's cop 29 it goes to germany with sultan alger bear --al jaber presiding over it again. "varney and company" just warming up. thankfully, murdoch is with us now with the new piece you can see on the screen, lavish green boondoggles leave co2 temperatures virtually unchanged. what boondoggles are you talking about? >> the green front, the story
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we hear a we will all be dead in 10 years et cetera and all the spending we see significant reductions in co2 temperature we've got president biden's electric vehicle mandate, two thirds of all new cars are supposed to be electric and the benefit of that is it reduces co2 by 10 billion tons between now and 2055. china over that period will produce 320 million tons of co2. for every ton we save they produce 32 so we are not getting anywhere. $370 billion in green spending is what the budget says. goldman sachs, $1.2 trillion, reduction in temperature of the earth according to a climate expert, get this number, 0.0009 ° fahrenheit, like take your thermostat and turning it from 72 ° all the way down to 71.99991. in new york state we have kathy
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hochul trying to ban gas stoves and gas heaters and according to the empire center of public policy that will lead to global reduction of 0.05%. we are spending all this money, having our freedoms taken away, less consumer choice and this will reduce temperatures by one or 2 °, maybe we are making progress. we are losing our money, losing our prosperity and making almost no dent in temperature. this is a total scam, and irretrievable fraud. stuart: strong stuff. how can you explain what seems to be a contradiction to al jaber who runs an oil company is the whole get co2 initiatives down conference. >> not sure why organizers agree to have this affair. stuart: it costs a lot of money to put these things on.
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like an anti-gambling office, surrounded by fossil fuels if they are floating upon lakes of petroleum. stuart: next year because it is so extensive nobody wants to host it. by default it goes to germany and if it goes to germany, al jaber is the president again. >> he will talk about there being no science behind is and the germans have gotten away from wind and reopened coal plants. they won't be enthused about this either. stuart: it is a farce. >> a giant comedy show. stuart: we are learning more, good story, those gold bars found inside senator barbara menendez's home. what do we know? ashley: reports when the gold bars are linked to serial numbers to a robbery, the bars were recovered by police but now there's a lincoln.
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bribing the new jersey democrat for a series of favors including disrupting a federal prosecution, investigators charged to men and does with 3 counts of conspiracy claim he benefited from bribery agreement with three new jersey businessman and the government of egypt. democrat senator john fetterman of pennsylvania trolling menendez posting the sarcastic video on x that includes a cameo from george santos. >> hey, bobby, i don't think i need to tell you but these people who want to make you get in trouble and take you out and run away, you make him put up or shut up, stand your ground, bogged down by all the haters out there. stay strong.
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ashley: the congressman was ousted by congress over ethics violations but fetterman wrote i approached a seasoned expert to get bobby from from jersey some advice. this sarcasm, fetterman the first senator to call for his resignation. stuart: senator elizabeth warren warning about the return of student loan payments. what is she saying? ashley: warren and three other liberal colleagues are warning struggling borrowers could experience implementation errors that could cause unanticipated consequences to borrowers credit dollars. federal student loan payments resumed in october. warren with senate democrats, richard blumenthal of connecticut and chris van holland of maryland, bernie sanders, sent a letter to the education department wanting to know the extent of any errors
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of measures taken to impress them. student loan borrowers complained about waiting hours on the phone to speak to customer service reps. an estimated 305,000 people received student loan bills with the wrong amount. stuart: just a bit. back to the markets. the land of rationality. is the stock market all about the future of interest rates and not much else? >> let's boil it down to its simplest form a. this was, this is, this will be interest rates. the first month ever on record with a rally north of 7% where the volatility index was below 15. that is astounding. that move was predicated on the fact that inflation has come down, there are these interest rate cuts.
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real interest rates than the fact the economy, interest rates minus the inflation rates keep on going up because inflation, inflation is not declining at the same precipitous pace so this has led investors believe rate cuts aren't if but when. they expect 100 basis points. stuart: nice heavy-duty expectation. i read your stuff and you say one of the big themes for 2024 is decarbonization. how do i invest in decarbonization? >> you can't ignore decarbonization. if you can't beat them join them from the standpoint of how to monetize this trend, the drive toward cleaner energy and 0 carbon emissions by energy security and extreme weather events and the wars we are witnessing demonstrates we can't be beholden to our enemies for our energy.
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the best way to invest is onshore, the modernization of energy production. i play it mostly through infrastructures. companies that supply picks and shovels to the retrofitting of the energy industry so it is oil service companies that are now going to be servicing other aspects of energy, heavy equipment. stuart: it is a i week at fox business. what is the best play in a i in your opinion? >> the whole ai boom is a huge catalyst for the semiconductor industry so instead of chasing the mag seven which are very elevated semiconductors are around 18 times earnings which is at a discounted 24 times earnings for the less global technology. mobile ai is expected to grow by $300 billion next year and the government controls with respect to our exports to china
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push the semi conductor industry down, those again are the picks and shovels to the goldmine of ai. stuart: picks and shovels. i should remember that. now this. senator joni ernst is blasting the fail border policy saying migrants are filling up hotels needed for military families. details on that. the people of ukraine are losing trust in president zelenskyy, he has become an autocrat. the white house urging more aid for ukraine. critics say there is no exit strategy. congressman carlos jimenez on that next. ♪
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stuart: the mayor of kyiv was issued a warning about president zelenskyy's support inside ukraine. what is he saying? zelenskyy is losing support? in ashley: that his opinion, ukraine - ukrainians are losing trust in zelenskyy's handling of the war, told the swiss media outlet the ukrainian leader is paying for the mistakes he has made. what kind of mistakes? he said people are wondering why the country was not better prepared and why russia was able to reach kyiv so quickly. the former boxing champion claims the ukrainian leader has authoritarian tendencies telling a german newsmagazine at some point zelenskyy will no longer be any different from
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russia where everything depends on the whim of one man, strong words. vladimir putin will visit the united arab emirates and saudi arabia, the russian leader rarely travels abroad in recent days, mostly to states of the former soviet union. stuart: israeli forces ramping up their attacks in gaza and considering putting the hamas underground tunnels with seawater. what is the latest? >> reporter: we are at an israeli defense for staging area outside the town twee 6 miles from the gaza strip and we are hearing drones constantly overhead and the coming of artillery. camara man giving you a brief glimpse at the darkness of what is behind this. armored personnel carriers
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transporting 12 troops at a time bringing forces in and out of gaza and they are pretty good. deflecting small arms fire and shrapnel. the attention is on principally the southern part of gaza. that is where it is believed leaders of hamas are hiding out, some of the heaviest israeli airstrikes of the campaign are happening there right now. there's been a variety of firepower hitting gaza strip. also in the center in northern part of the country. important number being put out today from the israeli government, they do say that 15,000 people have been killed since the start of the war inside gaza but in their calculation five of those 15,000, hamas fighters. some reports that there are some considerations of the flooding hundreds and hundreds
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of tunnels that hamas used, probably the biggest risk and that is some of those hostages could be gathered inside those tunnels, 138 hostages being held by hamas, 105 are freed, a weeklong seek fire. there is a very rare exception with israeli prime minister benjamin yahoo, probably very emotional. another sad note, included in the 138 being held by hamas we are hearing something like 15 of those are deceased, but still being held by hamas. as for israeli americans there are 8 inside, back to you. stuart: well said, thanks very much. carlos jimenez is with us now. the white house is warning about ukraine funding, they want more and soon but your
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priority is the border, correct? >> that's right. we have two priorities. there's a number of questions we asked, what is the strategy in ukraine, how can we assure that hard earned taxpayer money is spent the way we want it to be spent ukraine before we consider more ukraine funding. he has to commit to secure the southern border. stuart: one item is the money that would go to ukraine actually stays mostly in the united states because it goes to manufacturing weapons and arms, the money stays here. have you thought about that? >> we have, but there's humanitarian aid. that's the money we want to trace to make sure it is being spent the right way but a lot of it is the billions of dollars, a good percentage, you nations being sent ukraine, we
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have to restock that in the united states using american labor and american industry to restock the supplies. stuart: you are urging president biden to suspend travel to china as respiratory illnesses continue to rise, that seems dramatic. >> not really. think about it, four years ago around this time we are talking a mysterious illness that was killing elderly people, now a mysterious illness affecting the respiratory system of children. it's like déjà vu again. i would rather on protecting the american public and american children. if some people travel plans are affected, if we find out what that is about. stuart: china is not opening up about the new wave of respiratory illnesses, they are hyping this. you don't believe it?
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>> they told us covid 19 wasn't a big deal. it was a good thing donald trump did seal the border and restrict travel to and from china, it is even worse than it did. i don't believe anything the chinese commonest party says or anything the world health organization says in the pocket of the chinese communist party so until we find out what this is all about, we are on the side of caution. stuart: we are not on the verge of a lockdown, are we? >> know and i don't think the american people will stand for another lockdown. we need to make sure what is this mysterious illness attacking the respiratory system of children and how do we protect our children but i don't think we will look at a lockdown. the american public won't stand for it after covid 19.
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stuart: congressman carlos jimenez, appreciate it. four illegal migrants were arrested for shoplifting and now they are back on the streets. that's were cash bail has gone. mike tobin will have virtually. the mayor chicago losing support among lifelong democrats, pastor cory brooks next.
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stuart: the nasdaq on the upside, 27 points ira the dow was down close to one hundred 50, come back in please, tell us what is with apple, 193, 2%. ashley: look at that stock, just had a four month i and the iphone, says they are predicting significant growth during the holiday quarter, october and november are stronger-than-expected, november revenue, the second highest on record for the month. stock is up 2%. j m smucker saying comp sales were 7% in the second quarter,
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that is thanks to higher sales volumes and shifting, mixed goods, sales of the company, sounds good, range mostly up by 22%, launching a nationwide ad campaign devoted to those sandwiches. the last one i'm looking at, designer brands, reducing and most expectations, sinking, down 31%, they were hurt by the footwear market, they also blamed unseasonably warm weather saying it reduced the demand for heavy shoes. stuart: two stop lifting incidents in the chicago suburbs, it eliminates cash
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bail. the residents can't be happy about this. >> reporter: proponents of cashless bail, a component of the safety act of a suspected camel to our flight risks would be held behind bars before their trial, now we have these cases in which groups of people were picked up on black friday for shoplifting hundreds of billions of dollars worth of goods. another, an elderly woman for $20,000, the suspects are undocumented. one listed his address, saying he lived on the ground of a police station, he had multiple passports and id cards that are fraudulent, motions to hold them in jail pretrial were denied in all but one case. >> policymakers were advised by every state attorney in the state of illinois that uncertainties like we are seeing now will occur anyway.
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>> reporter: the acting police chief says there's nothing to compel the suspects to face the day in court. when shoplifting goes unpunished, retail stay in business and we pay higher prices. of the two black friday shoplifting cases one suspect, this is not a case of migrants surviving chicago winter but expensive perfume. stuart: thanks. now, senator joni ernst is amending president biden address the migrant crisis in massachusetts. what is she saying? ashley: this is coming ahead of the army-navy game. senator joni ernst, army veteran herself is demanding president biden address the border crisis. veterans and military families are being displaced from hotels for the game to house illegal immigrants.
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>> administration on this with their horrible horrible border policy. this is the week america focuses on america's game, the army/navy football game, legal immigrants are being housed in those hotels that were already reserved a for the families and servicemembers, cadets and midshipmen, getting the boot while illegal immigrants are being put up in those hotels. ashley: he said it is unacceptable for veterans and families to scrimp and save, to afford the trip from the game and have to compete with illegal immigrants for hotel room space because of biden's failure to control the southern border. as the military is facing recruiting challenges, the
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army-navy game represents an abort opportunity to show the full spirit of our military and particularly the armed forces. ashley: pastor cory brooks joins me now, community leader in chicago. mayor johnson seem to be losing support, residents of chicago seem to be almost in open revolt. will >> reporter: his policies? i think we have an audio problem. i thought the goodpaster could hear it but he cannot. a breakdown in communication at this point. a botched shoplifting attempt at macy's takes a tragic turn. one security guard dead. more on that a little later in the show. leading democrats voting for heller clinton kiersten jell-o
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brand called out progressives, getting slammed on the violence hamas is inflicting on israeli women. jason rantz details that next.
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stuart: we had an audio problem with pastor brooks but he's back with us now. you are a community leader. can the mayor >> reporter: support? he's losing support because of the migrant crisis and the crime crisis. there's hostility from chicago residents. will he have to change policy? >> absolutely. in order for him to move chicago forward, at this time he's losing support, the protests, the lawsuits, continuing to go down a
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slippery slope. these progressives, superliberals in chicago are not ready to run a city like chicago. stuart: what happens next? the mayor's policies fall to pieces? >> policies are definitely falling to pieces and what we see in chicago, individuals, the policies that were established so long in our city are not for residents of chicago. we will see these issues come up every single day. it is unfortunate he continues to blame conservatives for issues that chicago is facing but all of us are smart enough to see through the red tape and the rhetoric. stuart: is there overt hostility to the migrants? >> there is not so much of overt hostility to the migrants. in my case, i can sympathize. i understand the migrants wanting to come to america,
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have a better family situation, but we have to keep the laws of the country, we can't just allow anyone to do anything and not have to follow the process others have followed, and we have to make sure border is controlled, make sure migrants in the city have to get in line like all the other people and have to establish those processes for everyone. stuart: have to wait a long time for that to happen but things might just get worse. thanks very much for being with us. sorry about the audio problem. next time we will hear you loud and clear. fox's benjamin hall was seriously injured when covering the war in ukraine. he has a podcast out called searching for heroes and been joins me now. i want to know, you want to
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talk to heroes, heroes don't like talking about themselves, do they? >> not a single person i've spoken to who says they are heroes. they also say they are giving back to the community. what is amazing about talking to them. i look back at the last your to have, badly injured, terrible things happened but i came across, one bad things happen to me but hundreds of good things happen to become hundreds of heroes came out to get me through to save me, to fix me up and they are the people i consider heroes but they think they are doing what communities deserve. the backbone of america, backbone of great nations are people like this who go around and do the best they can, help others when they have to help others and that is what the podcast focuses on. my first episode, my first guest is someone who stopped a mass shooting, he's a veteran
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and he says to this day he did it to save his family and his community, doesn't take credit for saving so many dozens of lives but he took the terrible thing that happened to him, turned it around and made an incredible thing out of it, he helps other people. we speak to a lot of people who went through the most difficult times. they were homeless, opioid addicts, had nothing nice, they found the little bit of resilience and used it come pooled together and help other people. i think i always wondered from the minute i was injured, what is resilience? how do some people have that kind of resilience? i asked every doctor i have spoken to, what gives that to some people? they are not sure. they all say we know one thing, it is community, it is family, but why some have that resilience to get better and others don't is a big mystery. that's what i'm looking for in this podcast, to find out what makes some people so resilient. what makes one want to help the community? stuart: seems like you found a
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few, congratulations, well done. you can come back to the show anytime you like and more. some of the country's most influential democrat women delivered a strong, several strong speeches at the united nations condemned the rapes of israeli women by hamas. watch this please. >> it is outrageous, some claim to stand for justice, closing their eyes and hearts to the victims of hamas. >> world has to decide who to believe, to be -- do we believe the hamas spokesperson who said greeted her business so it couldn't have happened on october 7th? or do we believe the women whose bodies thomas how they spent the last minutes of their lives? >> when i saw the list of women's rights organizations who have said nothing, i nearly choked.
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where is the solidarity for women in this country and in this world to stand up for our mothers, sisters, and daughters? stuart: jason rantz with me now. they are not taking sides, they are issuing an absolute condemnation. i like the sound of that. how about you? >> i like that they are calling out progressives who are not new enough to condemn the rapes. the problem for the victims, they are jewish, jewish lives do not matter to folks in the un, doesn't matter to folks on the radical left, the progress of banks. you have folks like pramila jayapal who i'm ashamed to call my congressman making barbaric comments trying to look at two sides of this, trying to pretend we have a balance in condemning rape, no, we have to condemn rape. it is quite simple. i'm seeing a lot of these voices online, especially
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patrols coming out and winning social media wars saying there's no evidence whatsoever. i keep hearing these stories, what evidence do you need? we have mutilated bodies, women with broken pelvis bones, videos by hamas, first-hand accounts and medical examiners and first responders not looking for evidence, no evidence will be good enough, they want to continue to pretend it didn't happen because they don't like jews, this is anti-semitism. stuart: changing the subject for a second, two security guards stabbed during the shoplifting incident. one of those guards died from his injuries, violence is taking over the retail sector and that a terrible thing. >> at the same time you have different policies telling people to let this go and people will step in and try to stop the shoplifters. the problem is these people can be incredibly violent.
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we've emboldened them not just to commit to shoplifting but to fight back if stopped. they have this entitlement complex. if they walk into a store, they steal what they want and you can't get it away, it is disturbing. stuart: thank you for being with us. we appreciate it. four candidates qualified for the fourth republican presidential debate, a new poll shows majority republicans would still vote for trump in a primary, in the 2024 race after this. ♪
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chris christie has qualified for tomorrow night's debate, four candidates take the stage, but 60% of republicans and 21% of independents say they will vote for trump in the primary. it seems like trump is unstoppable at this point. brian: it is all polls, all spring training. as much as you want to dismiss the polls and say they don't matter and then the polls do matter, look at them. i think trump is on top and in front but i would think that those four in the stage of thinking this, 91 charges, four indictments, i want to be standing of the american public says if convicted i can't vote for him. that is what they are looking at. nikki haley and governor desantis picking up steam. if desantis gets crushed in iowa he is done but if he has the governor behind him and the christian evangelical behind him, hall 99 counties, doing what he's doing right now,
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looking very strong after that debate last week, and he does well and i will he send for the long haul and nikki haley is ready to make noise in new hampshire. that's where chris christie makes his stand. but donald trump says i am leading. only one. 4 million people in new hampshire. can anyone in new hampshire look at iowa and change their vote? governor chris sununu says yes. i've created some intrigue, am i right? stuart: it is not over until it is over. looks like he's going to win but you can't be sure. it's all about iowa and new hampshire. it is hard to see for desantis or haley to beat him. that's my point. very hard to see. >> the only thing is the wildcard, the charges. it is not whether he's going to overturn obamacare or touch social security as nikki haley talks about a new program. of the american public says that's the person who's going to beat joe biden and can't campaign, they see some
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revelations that have independents and suburban women go back the other way, that will be the issue where the others will say that is why i am here. i'm an option. haven't dropped out yet. stuart: hard to get his core supporters away, we both agree on that. biden's campaign announced a new team for south carolina. that the presidential primary in february, part of the plan show strength ahead of the election. we will see another basement strategy. that the only thing biden can do. brian: the basement strategy, all these people fanned out, he will have his vice president playing him and he will go to fundraisers like in massachusetts and los angeles but what does it say to the american public and democratic voter? last year, jim clyburn pick to the nominee was going to be.
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people picking sanders, remember hillary clinton started getting pressure to the dnc behind closed doors, donna brazil the but he giving hillary clinton the answers on the debate and debbie wasserman schultz making sure hillary clinton got the support, making sure bernie sanders didn't win and now they are saying no new hampshire, no iowa, i don't like them. we will forget about dean phillips, forget rfk junior, who is going to kick them out and ignore them? south carolina, he's never going to win it. should have invested in new hampshire. that the state he could win in the general but he just wants the quarry in south carolina. i find it baffling. stuart: i see tonight trump with sean, that's a huge exposure. biden going back to the basement campaign is raising money in various parts of the country. very prominent republican exposure and biden not in the public eye this week.
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brian: i look for trump to show confidence. they are trying the best they can to say biden might be losing but donald trump is just as bad. watching other channels, that's what they are doing, show me as chris christie said, his greatest critic, don't think he's losing his staff, the pressure of these charges is getting to him and who wouldn't. everybody would be. one of those cases would get the average american, four separate indictments in 2 or 3 civil trials so maybe that's getting to him. enjoy yourself, how you would have been different in last week's debate and how much better you are than president biden, that should be his focus. stuart: we will see you again soon. still ahead, former energy secretary rick perry on the farsi merging at this cop 28 climate conference. jimmy phelan on the contrast between republicans 2024
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>> the bottom line is we can see the end of the finish line

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