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tv   Varney Company  FOX Business  December 6, 2023 9:00am-10:01am EST

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[laughter] >> good for taylor swif. she is the biggest superstar on the planet, and according to "forbes," she as passed into with billionaire territory, her e net worth is now $1.1 billion -- maria: wow. and she did it just through the sheer entertainment of, you know, no side hustle, she is did it through her albums and the tour and the movie, so good for her. martha: how about sam altman, ceo of the year? >> that is interesting because he's leading a very revolution their technology charge, and even he doesn't have control of it, elon musk, nobody has control over it. so i think they're hoping that all of these people leading a.i. are responsible, and that remains to be steven. maria: we'll see is. we've got a market that is the higher, dow industrials up 90 points -- 80 points as we approach the open. adam, monica, amber, great to be with you all. see you tomorrow everybody. "varney & company" pix it up. stu, take it away. stuart: good morning, everyone. a strong and vigorous
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performance from donald trump last night at the town hall with sean hannity. it was an opportunity to make his case for re-election, and he took it. on day one he'll lose the border and drill for oil. he said don't joke about biden's cognitive decline, and he predicted that biden, ultimately, would not be the democrats' nominee in 2024. meanwhile, the president -- as in joe biden -- he told donors if trump wasn't running, i'm not if sure i would be running, end quote. so it's not that he still has a lot to accomplish, oh, no, it's just to save the country from trump. to the market, and we're to going to start with bitcoin this morning. the rally connells. it it -- continues. it hit $44,000 this morning, and right now it's at $44,100. the dow up maybe 80, s&p up 20 and it just pond up for the nasdaq -- popped up for the nasdaq, up 110 points. apple's stock is rallying. i think that's good news. it is the most widely held stock
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of all and has returned to a valuation of $3 trillion, $1194 on apple this morning -- 194. interest rates still on a downward path. the 10-year yields 4.14, and the 2-year is down to -- last time i checked it was 4.61, now it's 4.57. interest rates are down. gas slowly falling. regular now averages $3.21, it's down one more cent overnight. eleven states still below $3 a gallon. the cheap gas in america, texas, at an average of $2.if 70 a gon. diesel down one cent, $4.17 is your price there. republicans sent a clear message to senate leader schumer, you don't get aid for ukraine without a ale change in border policy. -- real change in border policy. and where is the response from women's rights groups to the mass rape of israeli women by
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hamas? you should read brett stephens' column in "the new york times" today. he spells out exactly what hamas thugs did to women. it is dreadful. so why don't women's groups forcefully condemn hamas? i just don't understand it. on the show today, anti-semitism and the double standard at top universities. what would harvard's leader do if students demonstrated against blacks? she was asked, gave no answer. it is wednesday, december the 6th, 2023. "varney & company" is about to begin. ♪ ♪ stuart: let's start with highlights from last night's -- from last night. donald trump joined sean hannity for that town hall. good morning, lauren, take us through it. lauren: so much to go through. it was filled with passion and chants of usa by the crowd at the end. we're going to -- you're going to hear three parts. the first participant is making
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the mainstream, front page news today. watch here. >> day one. >> except for -- >> he's going crazy. >> except for day one. >> meaning? >> i want to close the border, and i want to drill -- he says you're not going to be a dictator, are you? no, no, no, other than day one. we're closing the border and we're drilling, drilling, drilling. i think he's in bad shape physically, and mentally i would he's possibly equally as bad and maybe worse. i guess they say that kamala would be the one -- [background sounds] the odds to beat. because they say if they didn't give it to her, the african-american vote, the black vote would not go to them, and we just had a poll where i'm at 22 and 25% with the black vote. of. lauren: yeah. okay. he was joking about those dictator comments, but those are his priorities. national and economic security. second part, doesn't think biden
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can handle the job physically or mentally. third part, black voters are disconnected with the democratic party. stuart: that was a pretty good roll-through, wasn't it? lauren: he says it the way many of the candidates can't say it. stuart: what i also noticed was his viewing gore. it contrasts -- vigor. it contrasts sharply with president biden. lauren: president biden says you need me in the race and i'm the only one that can beat the day one dictator which is trump, which he is fund raising on today, by the way. is biden the only person that can beat trump? stuart: you're asking me? [laughter] lauren: i beg to differ. stuart: i don't think so. president biden might be keeping out of sight this week, yes, he is, but yesterday he raised eyebrows at a campaign fundraiser. he said, and i'm quoting now, if trump wasn't running, i'm not sure i'd be with running. ben domenech with us this morning. i don't think that's a really good reason the run, do you? [laughter] >> well, you know, as bumper stickers go, stuart, or i don't
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think that's very compelling. again, it's one thing to sort of say that in the vacuum of space, the time in 2020 where people could envision a biden agenda that was perhaps more moderate, more normal, would, you know, speak to the center of the country and would be able to deliver, i think, on a lot of things independent voters hoped he would do instead is of increasing division in the country. but now we have three years of seeing what bidenomics has done to this economy, we've seen the way that his divisive approach the partisan issues and domestic policy issues here at home, you know, has proven to be, you know, something that has completely made things even worse in terms of uplifting, i think, a lo of different divisive elements -- a lot of different divisive elements in our society and inadequacy when it comes to dealing with border security and foreign policy around the world. you know, just proving this old hand of foreign policy leadership was one that was really not right for the job in
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terms of taking on the challenges of the day. and so given all that, we now have a biden record to look at, and it's not a good one. and is so just saying, you know, vote for me to block this guy, he's terrible, is not something that can really be done when you have a record of your own for people to look at and evaluate. stuart: let's talk about the fourth republican debate. it's tonight. four candidates made the cut. i think it's still a race to be second behind trump. what say you? >> of course it's a race to be second. but i think it's also a race to get a shot at actually having a chance to take on trump. but, look, stuart, we shouldn't have any illusions at this point. none of these candidates has caught the kind of momentum that they would need to be on the same fight as donald trump with the republican electorate. the primary electorate is clearly dee voted to the idea of renominating the former president. they're very excited to do so. and even for the portion of republicans who are not supportive of him, he's a lot of their second choices, particularly for governor desantis, which crypts
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problems. -- creates problems. if nib key haley -- nikki haley i memories at the alternative, a lot of those votes go for trump. look, this is a field that collapsed, or you know, that slunk a lot faster than people -- shrunk a lot faster than people expected, but none of these candidates is connected with the voters enough to get the kind of momentum needed to stand toe to toe with the former president. stuart: i think trump's standing will go even higher after his performance last night. that's just my opinion. ben domenech, thank you, sir. >> thank you. stuart: we talk a rot about the battle for the top market valuation between microsoft and apple. what's the latest? lauren i lauren apple's on top, $248 billion more than microsoft's because apple finally closed above $3 trillion, that milestone, yesterday for the first time since late summer. i want to say apple is durable. not that microsoft's not, but apple is a durable country. they're growing despite
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lackluster sales of their new phone, the 15, and they've got catalysts. number one, the vision pro, vr headset, comes out next year. it's been almost a decade since they had a new product category, the watch in 2014, and then this gold rush product, right now we are in the next tech bull market, so i ask, where is apple in artificial intelligence? they're anytime, but it's more quiet thanker let's say, microsoft, nvidia and the others. stuart: you got it. look who's here now, kenny polcari joins us this morning. kenny, apple's on a tower right now. $194, i see, is the price. do you think it's going much higher from here? it would be good news because it's the most widely held stock of all a. >> right, of course. , and listen, is it going much higher from here? what time frame are we talking about? next week, next month, next year? i think apple's a foundational name. even needs to have some exposure to apple in their portfolio. so, we, it's a long-term holdinm
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holding like your microsoft, you probably have apple as a well. it's not a name i would be quickly selling unless the story is fundamentally changes. yes, i continue to own it and continue to think it's going to do better. stuart: i see bond yields falling this morning. quite dramatically, actually. is that what's come peg -- compelling the nasdaq posit, is it lower bond yields -- [inaudible] >> well, it certainly is, right? the lower bond yields are suggests there's going to be lower interest rates, and you know how interest rates and the tech space react, right? it makes perfect sense, and the fact that the 10-year's at 4.14%, right? i mean, that's dramatically much lower than where it was. and so, therefore, that just gives a sense that, you know, people are going to put money into equities, and they like growth names when bond yields start to -- or when interest rates start to really decline. stuart: tell me about a bitcoin. this morning it went to $44,000
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a coin. i can't remember whether you ever dipped your toe e in the crypto water or not. did you? >> yes, i did. but, you know what? you never own enough when something like this happens. [laughter] it's funny, i owned it two years ago, i sold it last year e when it was, you know, rumbling. i got back into it early part of this year, but i never actually got into it enough. yeah, i own it. am i participating? i am. is it great? it is. do i think this is going to be -- that bit coyne's going to challenge the pryor prior highs of 700,000 a couple years ago -- 70,000? i think it is. there's certainly more names getting behind it. larry fink is the latest one that's going to be the face of bitcoin now that they got sbf and cz out of the way, there's going to be more legitimacy attached to it, and larry fink seems to be the person that just might carry that flag. if that's the case, watch, bitcoin could certainly go higher. and as you know, there are estimates of $100,000 for
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bitcoin next year in 2024. stuart: yeah, i've soon those headlines. i had to invest some money yesterday, i was thinking about bitcoin, i didn't know do it. may i should have. kenny polcari, have a good weekend. see you soon. >> you as well. bye-bye. stuart: speaker johnson says ukraine funding depends on, quote, transformative change to our border policy. should we hold up aid to get action on the border? good question. john kerry pledges the slash emissions from air conditioners and refrigerators. trump's not happy about that. roll tape. >> our country can be rich again. john kerry has to be stopped. he's destroying our country. [cheers and applause] this guy -- stuart: when will the greens stop hurting us? i'll ask oil state senator dan sullivan. he's from alaska. after this. ♪ only in my dreams. ♪ and i can change the world.
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economy, a drag on taxpayers. the amount of money we spend on the national debt, we could pay the entire budget of medicaid for one year, we could pay the entire bum for the transportation department -- budget for the transportation department one year. it would cover the entire amount that we pay on children for one full year. now, the interest payments on the national debt rose to the fourth largest government program that's just paying the national debt $659 billion in fiscal year 2023. now, that debt sits at $33.8 trillion and rising. the fed chairman for years has been warning about the issue. here he is december 1st. >> the u.s. budget, federal budget, is on an unsustainable path meaning that the debt is growing substantially faster than the economy which in the long run is, by definition, unsustainable. in the long run. but we don't, we don't get into calling congress out or, you know with, telling them how to balance, how to bring down the deficit.
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>> reporter: over the summer i asked the fed chairman when that might change because the white house keeps pushing big spending packages and offers no cuts in the budget. listen. at what point do you talk more firmly with lawmakers about fiscal responsibility? because monetary policy cannot handle alone the inflation, keeping inflation in check at the higher levels of spending. >> i don't do that. that's really not my job. finish. >> reporter: standoff with the $so 1016 billion supplement ago $106 billion supplemental, the white house wants spending without cuts. the house wants to separate that package, and some members would like to see mundy accelerated from some areas to that -- mundy accelerated to some areas, but again, republicans would like to see some cuts are related to this. stuart: understood, edward. thank you very much, indeed. john kerry pledged to slash emissions from air a conditioning units and refridge if raters. he made this comment at the cop28.
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he also made a commitment that he promised to close down u.s. oil coal -- coal, all coal plants. i think i've got that right. alaska senator dan sullivan joins me now. mr. senator, when will all this end? >> well, stu, good morning. and, look, whether it's appeasing dictators in iran -- terrorists, by the way, in iran -- or kowtowing to chinese duck today to haves, everywhere -- dictators, everywhere john erie goes -- john kerry goes, he undermines national security interests, economic interests. as you know and you talk about it all the time, our energy, all of the above energy but especially oil and gas is one of the great strengths of america. the fact that john curry goes over -- john kerry goes over to this cop meeting and is unilaterally surrendering it, it's another example of what he's been doing for decades; undermine being u.s. interests.
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and -- undermining u.s. interests. and once again, stu, i call on john kerry to resign. he's been a disaster for u.s. interests across the world. everywhere he goes, he undermines our interests. and here's one thing, do you ever hear john kerry criticize the chinese and the chinese communist party on their horrendous emissions records, their pollution record? he never criticizes them, he criticizes us. but this guy's gotta go. stuart: if elected, donald trumi should say, he says that on day one he would drill, drill, drill for oil. i guess, mr. senator, that makes you a trump guy, correct? >> with well, look, the trump administration's record on energy independence particularly as it relates to alaska was fantastic. at the end of the trump administration, we were energy independent. and, look, the president and his secretary of beer your, ryan stink key, they didn't just talk
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about energy independence, they the talked about energy dominance. ryan zinke. in this very dangerous world, a lot of people talk about the military which, of course, biden is cutting dramatically. but again, one of our great strategic strengths over our adversaries like china, like russia is energy, is american energy. xi jinping is scared to death of american energy if dominance. the trump administration if did a great job, and if president trump is reelected, i look forward to working with him and his team like i kid in the -- i did in the previous administration when they were in power to make sure we have energy dominance not just in alaska, but throughout america. stuart: mr. senator, thank you very much for joining us this morning. a good moment for you to join us, because alaska a's an oil state. mr. senator, thanks for joining us, we appreciate it. >> thank you, stu. stuart yes, sir. the governor of michigan,
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gretchen whitmer, just made a big commitment to push her state toward electric vehicles. lauren: all 8,000 state government vehicles must be electric by 2033. all government trucks, fully electric by 2040. putting her money where her mouth is, or right? they want michigan, detroit wants to be on the cutting edge of zero emission. however, how do you power them? congress earmarked $7.5 billion for charging stations so you get the range and the comfort that comes with it, that you're not going to lose power in the middle of a road trip. not a single charger has come on line that has been funded by that $. -- 7.5 billion. stuart: not one has been built. lauren: contract. stuart: that says manager, does it not? let's check futures, please. it is wednesday morning and we're heading toward a modest rally for the dow and the s&p and a solid gain for the nasdaq. the opening bell is next.
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stuart: well, i like the look of this. the nasdaq is going to be up about 120 points at the opening bell, mainly because we've got a downside move in treasury yields this morning. if we could put that up on the screen, it would be very useful. the yield on the 0-year treasury is all the withdraw down to 4.4. 10-year are. that's almost always $4 -- 4.14 on the 10-year. can we look at the 2-year, can we get that up? earlier this morning it was around 4.57, that's where we are now. the yield with, again, is down, and that really helps technology stocks. what else have we got on our plate this morning? we have no new significant economic reports coming out. i think the mover of the market is going to be interest rates, but we should also tell you that bitcoin is on a tear again. $44,000 per coin as of now. david industry due sky is with us this morning. look, david, i read your stuff, i know you're a bear.
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i can't believe that what you want to invest in next year is treasuries, gold and silver. is that it? >> hey, well, good morning, stuart. you know, when treasuries are paying us 5%, you know, we call that the risk-free premium. if the expectation is that the stock market's going to give us 7, i'm not really rewarded for taking the risk that it takes the get into that market and really believe that this is a long-term trend. i mean, i believe things in the short term and maybe even the medium term, but i think that we need to be cautiously optimistic here. is so, yeah, i think gold and silver are a great play. a lot of economists that are looking at the world and where we are today with the u.s. government, our p and l is not exactly clean. you know, moody's is looking at some pretty negative things. we've got over $650 reported by the major banks as losses because of the bear market that's happened in bonds over the last three years. so i think that there is some challenge, there's still a lot of great opportunities out there. technology's growing and so, you
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know, the world's going to keep turning either way. stuart: but you're really bearish. if you're looking at treasuries, and gold and silver, you've got to be very bearish. are you looking for a recession? >> stuart, we are, no question there is about to be a recession. but, you know, recessions come and go. i think it might even be worse. i think what's happening right now in banks is going on underneath the scenes and something like an eruption that's about to occur. i don't want to be a bear. i don't believe to believe these these things are going to be the horrible, in fact, i'm pretty optimistic as an individual, but the handwriting is on the wall as it relates to our financial climate right now, and i just do not see this thing turning around in a short matter. also the consumer's getting a lot weaker going into '24. stuart: just remember you're on tape, it'll come back to haunt you maybe. david, thanks for being with us. >> that's fine. stuart: see you again soon. it's 9:30. the guys, the ladies have pressed the button, and we're
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off and running. they look excited, don't they? the dow has opened to a gain of 80-odd points, and the vast majority of the stocks are in the green. up a quarter percent for the dow. s&p 500 also a opening higher. dow stocks, about two-thirds, three-quarters are up. 222 points higher for the s&p -- 22 points. show me the nasdaq, because i think there's a solid gain there, two-thirds of 1%, 92 points. now show me big they can -- tech, probably all higher. any exceptions? in, they're all up. meta, apple, alphabet, amazon, microsoft all on the upside. now let's is -- have a look at bitcoin because it's been on quite a tear recently. $44,193. any comment? lauren: i'm going to say it, animal spirits are back when it comes to bitcoin. and not just bitcoin, which is up 22% since november 21st, but the meme coins like done copyin?
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stuart: that's still aa live? lauren: yes. and all the others. kenny said it, legitimacy. sbf and cz are out on the equation, and regulators are expected to approve the first bitcoin etf. number two, rate cut expectations. the fed meets next week. what do they say? and finally cathy the wood, her ark invest is selling $33 million of their -- [inaudible] stuart: well, if she's selling -- lauren: well, she made money. stuart just taking profits. that doesn't explain the rally. lauren: well, not today. stuart: let's move on, shall we? shares of b-o-x, way down -- lauren: yeah. it's a cloud storage software company. they're actually two-thirds of the fortune 500 and they offer a a.i. too manies. so what happened? -- tools. they offered a very tepid forecast, so investors are just
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disappointed. even though you have and are using and monetizing a.i., it doesn't work for every company as you can see. stuart: took a 10% hit right there. campbell's soup, comfort food. must be doing well, they're up 3% -- louvre lauren but their snack sales were down. they pick pepperidge farm cookies, the goldfish. volume there fell. volume overall, which includes the iconic soup and their drinks fell by 5%. so the bottom line is customers are not necessarily continuing to pay those higher prices. they're trading down. stock is up almost 5% right now. they're trying to buy rao sauces and expand a little bit to their prego line of sauces. the numbers were better than expected, but volume still sells bedespite the higher prices. stuart: but they missedded expectations. there you go. lauren: you don't like the expectations. stuart: no, i don't with. it's a game that the analysts
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play. i don't like it. mcdonald's, investor day today. are we going to hear about any new men yaw items? lauren larp the mccrispy, the chicken sandwich, and they're going to have it in nearly every market by the end of 2025. so popular, they're going to put it in a wrap form, the mcwrap, and a tend or form. so there's the men yaw items. expansion. they want 50,000 new restaurants by 2027. will more of them with in the south do -- be in the south and? did you know that 95% of mcdonald's were franchised? stuart: yep. lauren: i didn't know it was that large. how do of he was more insight into what customers want? they have a the app. so their goal is to have 30% of delivery originating on the app by 2027. so they're doubling down on technology to do that. this is their first investor day in three years. [laughter] do they do well because they're fast food and the consumer's cautious, or does the cautious
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consumer also pull back from mcdonald's? stuart: are you going to raise the issue of ozempic, weight loss drugs, you lose your appetite -- lauren: yes. will that factor into their sales forecast? stuart: you're not serious. lauren: show me someone on semior e dove question. -- ozempic if or wegovy. stuart: i guarantee they will not mention the word with. lauren: i think they do. stuart: do you want to bet? lau. lauren: yeah, how much? if. stuart: a buck. lauren: it has to be something they're at least thinking about. stuart: let's get on to something really serious here, mastercard up over 1% or, making some big moves. lauren: they raised their dividend by 16%. it goes to 66 cents a share, can and their board authorized an $1 billion new share buyback. -- 11 billion. stuart: general motors, they have a flexible work from home policy certainly for executives. not on the line at the
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factories. they've had this since the pandemic, but is that going to change? lauren: january 8th. if you're a salaried worker and you live within 50 miles of an office, that's far, you have to go into the office. any three days a week that you choose. stuart: that's not so bad. lauren: i don't think so either. ceo mary barra, we believe in the benefits of in-person collaboration and, her words, mentorship. that leads to higher performance. she's saying, young workers, you're not learning anything because you're not having that in-person contact with experienced and older, salaried employees. stuart: they'll end up working tuesday, wednesday, thursday, long weekends. that would be my preference. lauren: wouldn't that be nice? stuart: meme stock, oh, here we go, gamestop reports after the bell. lauren: they're actually, you know, all this meme stock craze, they're actually down 19% on the year. they're expected to report another loss. revenues expected to fall a little bit, but there's buzz
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because they just released the trailer of game theft auto, the trailer was just released. that's buzz for game so many. stuart: okay. we are 6 minutes into the trading session, and i see a lot of between on the screen. the dow is up 86 points. look at that level, 36,200. take a look at the dow winners, there are quite a few this morning. we have caterpillar, boeing, honeywell, intel, travelers. they're the leading stocks of the dow 30. s&p 500 winners, who do we have there? campbell's stupid, up nearly 5 pr. western dimming call the, discover, advanced micro devices. i think advanced micro e devices are coming out with a chip to take on nvidia. i think that's why they're on that lust. nasdaq winners, show them to me, please. advanced micro devices, lucid, tesla, airbnb. that's what we have for you, and here's what's coming up. fbi director christopher wray testified about the terror threats we're facing. roll tape.
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>> i've never if seen a time where all the threats or so many of the threats are all elevated all at exactly the same time. i see blinking lights everywhere. stuart: we're going to get into that and tell you more about it too. two biological men took home gold and silver medals at the women's illinois cycling championships. i'mly gains -- riley gaines not happy about that. she's urging women to stop participating in what she calls a farce. she will sound off on this program next. ♪
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>> although the title of this
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hearing implies a much-needed discussion, we're going to be listening to bigotry. >> i ask that while we sit through this hearing and hear the hateful misinformation i'm sure is going to come our way, let us not forget that children are at the core of this issue. >> there's a place for everyone to play sports in this country. but unsafe, unfair and discriminatory practices towards women must stop. inclusion cannot be prioritized over safety and fairness, and ranking member lee, if my testimony makes me transphobic, then i believe your opening monologue makes you misogynyst. stuart: that was rival arely gains during a hearing on women's rights in sports. riley, you called out the illinois state women's cycling championship because two transgender women took first and second place. what can you do about that? if. [laughter] >> well, i'll tell you what i think needs to be done about that. i've been saying for a while not
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always think this. at a first i didn't think women should boycott because i didn't think it's us who should have the compromise that. i was waiting for the people in the position to make changes to do the right thing, but that's a naive thought. but now i do believe women shuled boycott these events where men are competing, and i've been saying this for the past few months. it's incentivized. after some conversations with some different people, i've decided now that i will personally and happily pay the price that a woman were to lose out on. the girl who placed third behind these e two men, the prize money she lost out on if she were to concede and doesn't compete, i will happily pay her the money. stuart: you want to have any woman being asked the compete against a transgender woman drop out, boycott, don't race, don't run. is that what you're saying? >> i think it's effective. i think that's how we send the message that enough is enough is
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and that we as women aren't going to put with it anymore. because right now what we're being asked to do and what we are doing, what i did at that national championships is we we smiled when we stepped aside and allowed these men onto our podiums. and it's not because we're okay being discriminated against on the basis of our sex, it's because we're being told to. and as women, we're more emotionally driven, we're more empathetic, we're more likely to be people pleasers. we don't want to hurt anyone's feeling. but guess what? it's not -- it shouldn't be, it doesn't make you not compassion sate to call out an injustice when you see it. stuart: what do you think of this, the president of an lgbtq advocacy group says that women should, quote, learn to lose gracefully to transgender competitors? any response to that? >> well, it's funny because thif the national women's law center who said that. so it's not even technically an
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lgbtq add a advocacy center, it's a women's center when said that and let it be known that this women's center has not released a statement yet condemning any of the violence going on against any of the women in the middle east, but that's beside the point. this woman who said that about losing gracefully, first, let me be clear, he was talking to me specifically. -- she was talking to me specifically. i didn't lose to thomas, the 6-4 man who competed against me in the national championships, which is kind of embarrassing that he couldn't beat me. we tied. is so i certainly didn't lose. and secondly, this is coming from a woman who's probably never played a competitive sport in her entire life. stuart: last one real fast, the fc -- ncaa considering rules that would allow colleges to pay their athletes. what would that do to college sports? >> yeah, it would be interesting to see. i will be very interested the see how this unfolds. i believe, you know, as someone who typically aligns conservative, i believe this ultimately would hurt college sports, especially the sports of
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football and basketball. i think when we're giving these athletes, young people, i'm talking 18, 19, 20 years old, when we're giving them millions and millions of dollars in sponsorships and enforcements, i believe it makes the game less competitive, and and i think it's just irresponsible to give that much money to a young person without the proper financial craning d training. i do believe coaches and other people benefiting off these athletes, i do believe there's a process that should be in place, but i think basketball and football will ultimately be harmed by this. stuart: we hear you. riley gapes, great to have you. come back soon. >> thank you. stuart: lauren's with us. there's a report that -- this says elite women's sports are expected to hit a milestone. what milestone is that? lauren: deloitte says globally they'll take in $1.3 billion, so over the $1 billion milestone for the first time. and it will happen next year. stuart: that's elite women's sports bringing in revenue of over a billion dollars. lauren: that's it.
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stuart: that doesn't sound like much. lauren: i don't want to discount it because it is a milestone, but that's it. it's led by soccer and basketball. slowly -- despite all the transgender controversy or maybe because of it, it's become a -- it's becoming a moneymaker. it's more of a family event, not so hard to get tickets if, you know, i think the image of a strong woman when is a part of those who are so fit in the field is great for advertisers. stuart: separate subject, the portland school district is going to make changes to their disciplinary policy concerning race and gender. tell me more about that. lauren oh, god. first of all, this is the district where the teachers went on strike for three weeks and nearly 45,000 students just went back to class. bolterland, this is a statement -- portland, this is a statement that was reached with the district to end that strike. the superintendent shall review
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disciplinary disparities by race, jenner -- gender, lgbtq+ identification with individual building leaders at least annually and plan building-level preponderances responses aimed at reducing disparities. translation, students will be treated and disciplined based on their gender and/or race. stuart: precisely. lauren: this is the message that it's sending to students. my oldest friend is the dean of a huge public school, 4,000 students. they all wear their hoodies, they slump in their chairs. one day john is a boy, the next day he's a girl. he keeps doing that, he messes up the teachers, they don't want to deal with him. now they have it in the cold to discipline -- code to discipline him gently because he's con confused. you're allowing bad behavior because of a student's daily identification. stuart: right. that's something else again, isn't it? if all right, lauren, let's move on, shall we? coming up, here's a good one, where are the feminists?
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where are the women's rights organizations when it comes to the mass rape and torture of israeli women by hamas? they are nowhere to be seen. that will be my take, top of the hour. firearms sales shed a new black -- set a new black friday record. we have a report on that next. ♪ ♪ man, he had it coming. ♪ now that janie's got a gun she ain't ever gonna be the same ♪ ? i'm right here! i was busy cashbacking for the holidays with chase freedom unlimited. you know i can't believe you lost another kevin. it's a holiday tradition! earn big time with chase freedom unlimited. how do you cashback? chase. make more of what's yours. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day.
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stuart: gun sales hit a new back friday record this year. the fbi completed 200,000 background checks. that's up 11% from last year with. kelly saberi at a gun store in illinois for us. kelly, who is buying the guns these days? >> reporter: stuart, the demographic is certainly changing. guns outside of chicago is the largest independent retailer of firearms in the midwest. they've noticed those changes. i have nicole to tell us about how that's changing. who are we seeing that you maybe wouldn't have seen 5-10 is years come in and by a firearm? >> our demographic has
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absolutely changed even in the four and a half years that i've been in the industry. we are seeing a huge increase in women and a huge increase in our older population. they're coming in for self-defense. they want to be able to protect themselves. they don't want to rely on anybody else to do it for them. so our job is to find the right fit for them with a firearm. if they're older and have trouble handling a firearm, we look for lower calibers that will make them safe. we look for women, we recommend training for everyone, so for women there's a lot of fire arm dealers or manufacturers that are making guns specifically for women now. manual safeties are a high priority item for women. so that's where we're at right now. >> reporter: what is the main thing or type that people are coming in for? i know we were talking a little off camera about pistols. what have you seen the trends look like in. >> pistols. pistols are the greatest self-defense firearm there is, and they range in every size from the tiny .2 -- 3800 pocket
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gun up to a huge revolver. so anybody can find a pistol that will be a perfect fit for them. there's different sizes for home defense versus what you would carry on your person, and for women and the elderly population, we have great guns with, like i said, lower caliber. they're easier to handle, less recoil. women, .38800 call -- 380, things like that. jr. interesting. demographics are certainly changing here. this is one of the largest independent retarials of firearms in the u.s., and they've certainly been seeing the types of people change as they come to shop. stuart kelly, great stuff. thank you very much, indeed. still ahead, liz peek on where on -- liz peek is here on why cop28 is doing real damage to us all. dr. nicole saphier on the new breakthrough alzheimer's blood test that could hit the market early next year. martha maccallum on biden's comment that he's only seeking re-election because trump is
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running, and karol markowitz on randi weingarten who blames lower math scores on covid. the 10:00 hour is next. ♪ darling we don't have ever have to -- ever have the go home ♪ .. [ "i'll be seeing you" by the five satins ] ♪ ♪
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