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tv   Varney Company  FOX Business  January 9, 2024 10:00am-11:00am EST

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and the cures are allowing patients to get to grow up and live amazing lives all around the world. stuart: what's this?
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move like jagger as in mick jagger, my old pal? that's new to me. i would like to be on the move like jagger at 80 years old. good morning, every one. 10:00 eastern. strange to home money. the dow is down 260, nasdaq down 86. the 10 year treasury yield, where is that? it has gone down on the 10 year at 4%. how about the two year? not much change. bitcoin emerging as a star these days. $26,500, that's the price. now this. president biden is begging mexico for help. border is out of control. another caravan forming as migrants are becoming a
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negative for democrats and the election. mexico is willing to help, if biden accepts humiliating terms. president obrador wants $20 billion from us taxpayers to develop latin america and caribbean countries. is that the young with the root causes? reminds me of kamala harris. he wants visas for 10 million hispanics who worked in america for 10 years, that's the kind of amnesty democrats love. obrador demands a end to sanctions on venezuela and the end to the blockade of cuba. added up, but it is black male, give us money, amnesty and support for our fellow traveling communists and we might help. that is humiliation. candidate biden invited migrants in, president biden opened the door. migrants poured in by the million and biden bags mexico for help to keep them out of. truth is obrador has a strong
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hand, he controls the migrant flow from central america to the southern border. biden has allowed this to happen and we are supposed to change domestic policy and foreign policy to deal with biden's border mess. second hour of varney just getting started. pete hegseth with us this morning. is lopez obrador laughing at us? >> he is the spigot. he can keep it moving or turn it back and he knows it. watching this, groveling and begging and blackmail, the same we did to saudi arabia. the same begging to china, do these things you don't care about. our priorities are so far for
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longer from the american people, protecting sovereignty and safety, enemies exploit the basics against us. the sovereignty of the southern border, are we going to entertain this? hopefully it is with a different approach. stuart: a to be backhanded or we are incredibly weak. that is intolerable, can't have that. >> to be think kamala harris seeking root causes was a rude thing, they treat it like a meaningful thing. our enemies, able to read the signals we are sending out all of them are ambiguous and self-defeating, we don't believe in ourselves anymore. we have our defense secretary i don't know where, or who is
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making calls and put a lot of leverage and pressure on our friends but our enemies can run roughshod. it is open season, you see deals like this from a week country in mexico. if we confronted them we could bring them to their knees. susan: stuart: donald trump is in dc. he wants immunity. trump's lawyer says this would open pandora's box prosecuting political enemies. is that how you see it? >> no idea. i'm confused by the number of cases. almost impossible to follow. it sounds like this will be appealed higher, supreme court will make multiple calls which i think the trump team feels good about considering who they appointed. a lot of this is process.
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it pertains to the political timeline. he could be in iowa. the cameras are all fair and it's a demonstration of election interference and political persecution republicans hate that makes it more likely to be the republican nominee but this is part of the political fight. stuart: we can't follow those cases and appeals and charges it lets looks looks like political persecution. you know what is going on. >> looks like what it is, a sense that you are living your life punching a 9-to-5 providing for your family it is all noise but it is all noise that looks like they are going after trump. stuart: always good stuff. let's get back to the markets. icac of red ink. nasdaq down 100. i read your stuff, scott, i
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read about you expecting a reckoning that sounds ominous. what are you looking for? >> it is only ominous because i spelled reckoning with a w and that is the case. a bunch of plates spinning in a bunch of sticks here, trying to keep the plates spinning until the election and sometimes you have to step back and trust your gut. we've been getting information from the bureau of labor statistics how great the jobs market is and how many jobs we are creating but if you look past the headline number we get revisions downward. if flipping a coin, the number is lower and revise upward not just higher revise it lower and my gut is telling me main street is hemorrhaging while wall street is celebrating higher stock prices.
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you can't tell me, there is nothing great happening by the consumer. they are struggling. stuart: consumer spending is strong, inflation is coming down. that doesn't seem to me, the consumer is in trouble here. >> they spent pandemic money. and home equity lines of credit and purchase now pay later. people are not leaving their jobs, but pay raise for the standard of living, there are
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great things out there. and bleeding the bls as long as i can. when you flip the coin we bad job revisions downward the last 10/11 revisions. to see if coin does not right, this doesn't happen and statistical data environment. they are working to entry jobs work from home without the other 2 or 3 employers knowing about it and it doesn't smell right to me. the cfos of costco, and mcdonald's says people are not by anger as much. living on fumes, it will come to a end, we've been wrong about when that is going to happen.
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stuart: we consider ourselves warned. we will see you again soon. looking at the movers. lauren: hewlett-packard enterprises close to buying $13 billion, and they want to enhance the cloud offerings for small businesses using artificial intelligence. stuart: paypal is not doing good well. lauren: it is not slowing down. to underweight, it is 111. progress is slow in general, not optimistic paypal can monetize which they own as check out for younger consumers. stuart: rent the runway.
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it sounds like a great deal, 6 items per month. lauren: for certain price. stuart: cutting $0.62. stuart: lauren: every woman i know runs it but it's not profitable at this point cutting jobs. stuart: alaska airlines. boeing planes. lauren: united has the most 737s in the fleet. during inspection of all those planes found four instances that bolted the door plugs have installation issues and needed additional tightening. this issue is broadening as we have seen. the travel influencer has said flying is safe but maybe not on
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a 737 max 9, what caused a terrifying instance. are there three lap babies on that flight? if any of them had been seated near 26 a and b, holding the plane, that would be yet. there are four unaccompanied minors on the plane, the flight attendants are so scared and during the mpc hearing, the media is requesting to speak with flight attendants but they are so shaken by it, it's such an emotional story. alaska airlines is bringing passengers for that ideal of that ordeal i told you about. stuart: a full refund of $1500. lauren: more than $1500 clearly.
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stuart: would you get on a max jet now? lauren: not immediately but i seem to trust. stuart: wouldn't touch with a 10 foot pole. lauren: after the issues with the max 80 do you go on an airplane, the type of jet you are flying in? some people do. i've never been that person. i will just close my eyes. stuart: just get me there. thank you very much. the president of mexico has a list of demands in return for help with the border crisis. senator roger marshall will deal with it. secretary mayorkas claims a majority of migrant encounters at the southern border have been removed, returned, or expelled. why tell them 85% of these migrants have been released into the us? a full report on the contradiction after this. ♪
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stuart: secretary mayorkas visited the border ahead of his impeachment hearing. listen to what he had to say. >> the majority of all migrants encountered at the southwest border throughout this administration have been removed, returned, or expelled. the majority of them. stuart: i'm sorry, that does not sound right to me. casey steagall in eagle pass, texas. has the majority of migrants been returned or expelled? is the secretary accurate?
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>> it caught my attention yesterday, notice how he reiterated and said majority. 85% of them are returned into the us, they are released into the us, that's the release rate. more on that in a second at the primary reason for his visit in eagle pass was to meet with, recognize and commend all the agents and officers who are working so hard out here on the front lines of what he repeatedly called a challenging and unprecedented time but he never used the word crisis and he said the immigration system is broken, has been for three decades and it is up to congress to take legislative action and approve more funding, get more money to help tackle the migrant crossings. dhs chief stated the majority
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of migrants illegally crossing are returned or expelled if they don't meet criteria to remain in the us however, in a closed-door meeting earlier in the day, he admitted the release rate is over 85% according to fox sources. dhs clarified the figure ebbs and flows. >> not enforcing the nation's laws. this could not be further from the truth. there is nothing i take more seriously than our responsibility to uphold the law and the men and women of dhs are working round-the-clock to do so. >> reporter: during his trip the secretary met privately with eagle pass's mayor and maverick county judge. this community has been a
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primary hotspot during the escalating situation. one of the reasons we've been posted appear for more than three years. stuart: we hear you. the president of mexico issued a list of demands if we want his help with the border crisis. you wants biden to give $20 billion to latin american countries, work visas for 10 million hispanics already in america and end sanctions against venezuela and end blockade of cuba. senator roger marshall is here. i think that's a humiliation for our president. what say you? >> feels like mexico took president biden's lunch panel. how dare they do this? when you have a president operating from the point of weakness that there's chaos going on, the secretary of dhs
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does not have operational control of the border. we need to operate from strength, control the border, change policies, and what is not leverage, mexico is the number one trade partner. trade going back and forth, $130 billion deficit. trade deficit with mexico. the trade has grown but let's use the deficit as leverage. stuart: do you think our president will use the leverage on trade and all kinds of things? >> he operates, very reactive, never proactive, never taken to the next move ahead of this and gave the president of mexico the first shock, he is negotiating through the press.
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those are unreasonable demands but 1.7 million got aways across the country, 300,000 died from fentanyl poisoning, we don't have operational control of the border and that's why on the senate floor today we will be offering a resolution as a vote of no-confidence in the secretary of dhs. stuart: if a vote of no-confidence goes through or if he is impeached, it doesn't make any difference at the border, does it? the same situation is still in place. >> it certainly does but it brings attention. america needs to fire president biden in 300 days. that the emphasis. we can't talk enough about this. this is the issue folks are talking about, they feel their lives are being threatened, they don't have operational control of the border and needs to keep this front and center for americans. this is there concern demanding accountability. stuart: the border is issue
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number one above a economy? >> from an emotional standpoint it is. people very concerned about the price of groceries and gasoline absolute but from this emotional level what i hear people talking most about back home is the concern for the southern border but it is an open border, no control of the border, the economics this president created inflation, he needs accountability for that and we need to fire president biden in 300 days. stuart: thanks, hope to see you again soon. we are learning more about thousands of chinese nationals crossing the southern border. ashley: good question, remarkable story, 31,000 chinese citizens picked up by border patrol. to your point, how, why,
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authorities say at the combination of factors, three years of covid lockdowns, and a crackdown on free speech, civil society and religion. many of these chinese migrants started their journey in ecuador in the andes, and then the track begins north. 3000 miles on the us border. spun up in ecuador including airport pickups, signs of maps written in chinese. the number of those chinese migrants heading to ecuador and the united states. stuart: it is a 3000 mile walk. coming up, new documents show
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wuhan virologist known for her research on coronavirus in batcave is presented her findings to doctor anthony fauci in 2017, details on that next. ♪ (christina) with verizon business unlimited, i get 5g, truly unlimited data, and unlimited hotspot data. so, no matter what, i'm running this kitchen. (vo) make the switch. it's your business. it's your verizon. you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach
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coventry direct today at the number on your screen, or visit coventrydirect.com. stuart: away we go. one hour into the trading session, dollars down 250, nasdaq down 76. officials in st. louis reinstated mask mandates for city employees last week. as i understand it, that has been reversed. ashley: the order was rescinded 24 hours later. the original said the city of st. louis employees were required to wear a mask indoors because of a sharp increase in rsv and covid cases. local hospitals were surprised by the order saying they are not overwhelmed with cases beyond a seasonal increase and apparently missouri's governor,
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mike parson, made a call for city harm a challenging the mandate and in the end, the st. louis mayor changed her mind saying employees are strongly recommended to wear masks but it is not mandated. stuart: scientist at the center of the covid lab leak theory known as the bat woman of china met with doctor anthony fauci in 2017. what is the significance of that meeting, do you have any doubt covid began at the wuhan lab? >> i have no doubt at all. anyone who looks objectively at all the information will agree with the lab leak origin except fauci because of his embarrassing hunting the lab, the meeting he had with doctor xi means he was aware of what they were trying to do. these meetings with the and ih, you do research, you suggest
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you would like more funding. doctor xi submitted a detailed proposal how she wanted to take a bath coronavirus, add a gene and allow it to infect human cells. that proposal was sitting in the government office, that grant was not funded but was very clear what the intention was. stuart: do we have absolutely firm proof that began in the wuhan lab? actual proof? >> they destroyed the virus samples. when they submitted gene sequence to the and ih they call after the pandemic started and said delete those sequences. will have definitive proof but circumstantially, it is definitely something that would work in a court of law. stuart: i understand 40 states report high or very high levels of flulike illnesses. everybody i know has a cough or
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sick in some way. what exactly do we all have? >> probably 10% to 20% of the population has had some cold. common cold viruses that come in the winter are collection of viruses. rsv which peaked around thanksgiving and it is covid which is not one of the dominant viruses but one that would trigger, this is the normal seasonal virus type of increase we are seeing. even the cdc which has been criticized for stoking fear has said this is not out of the ordinary. stuart: forgive me for disagreeing but everybody i know has a hacking cough that goes on for weeks, everyone has the sniffles, it seems way above the normal level of this kind of thing in winter. am i so wrong on this? >> no one tracks how many are having coughs or sniffles. you may be right but it does
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appear to be nothing different from what we normally see in the hospital. stuart: you reassure us, thank you. listen to this. another new study suggests giving toddlers and ipad for as little as an hour a day could cause unusual sensory issues. you have looked into this. what do you make of it? >> i appreciate the researchers looked into this question because this is one of the big issues of our era. the screen time affected the department of children and three hours of screen time is average for your average 2 or 3-year-old. that's are markable. they found screen time shuts down one of the sensory pathways in the brain, which is why they are in a zone and the zone they are in is shutting down certain pathways. stuart: when i was a youngster they said don't watch too much television, it's destroying your brain and ruining your eyes, are we just in a different era?
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>> the amount of screen time now is far greater than we've seen before. from 2012-2020, we've seen an increase of an average of one hour, that's a lot more screen time. stuart: point taken. thank you for joining us, see you again soon. coming up a new survey shows employers prefer hiring older workers over recent college graduates. roll tape. >> was this gentleman sitting behind you? >> i am dale and i think i might be able to help with a dilemma. >> that would be great. stuart: do you believe that? one reason, jen z is taking their parents to job interviews with jimmy failable deal with it and humorous way. nikki haley defender us support for israel and ukraine during the town hall last night. did that move the needle?
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stuart: nikki haley took the stage for town hall debate in iowa. he continues to outspend her competitor but lags in the polls. grady trimble is in des moines. what are people saying? >> former un ambassador is 10 minutes from where we are, we are told there were 15 supporters in the crowd. that might tell you something about the support as they brave the control to see her. some of the voters i've spoken to say they think she could win florida 5 against president biden in november.
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that is a big appeal but voters had concerns about her foreign policy relating to ukraine and israel. she has won over those wealthy donors. her campaign put out numbers they didn't have to, to tout that they raised $24 million in the recent quarter and as she surgeons in the polls particularly in new hampshire she's fending off attacks from donald trump. historically, as you know, big-money donors help pick the nominee and the winner but donald trump has proven the regular rules don't always apply. he's got a strong ground game here in iowa sending 800 of his most loyal supporters, calling them caucus captains to recruit ten first time caucus goers each and leads the field in small dollar donations, the last reporting quarter he had $37 million in cash on hand.
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then there's ron desantis, the preferred candidate of those wealthy donors when he launched his campaign but he is attacking haley. jamie dimon, long-term political donor, though he may not be donating to haley, he does get the appeal. >> i said she would make a good president, i do. she's conservative, would be a good choice. if you were a republican and she was there she would be a good choice. biden versus haley would be a good thing. >> reporter: today with the snow coming down, vivek ramaswamy canceling events because of it, not good timing for the first major snowstorm of the season considering this is the final push for the candidates to reach voters. stuart: what is the temperature? >> haven't looked.
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it's very cold and the snow is coming sideways. stuart: thanks. nikki haley defended her support for israel and ukraine during last night's town hall. >> hamas said they would go into is your, china said they would take hong kong. russia said they would invade ukraine. we watched. china said taiwan is next. we better believe it. russia said once they take ukraine, poland and the baltics are next. those are nato countries. that puts america at war. this is about preventing war. stuart: bret baer co. moderated that town hall and joins me now. a performance strong enough to bring some trump supporters to her side? >> reporter: she had her marks, she made a little news, she was a little more pointed about the former president, deftly
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pointed about the current president in that speech at the south carolina church in charleston, she made news on secretary austin how president biden should be fired for what happened for the defense secretary but i think she is improving in her delivery from the beginning of when she got into the race until now. she has an answer for everything. there were people who said they were swayed last night into town hall audience. the question is can she come in the second and i want to propel her to new hampshire where she's single digits behind the former president? stuart: i didn't catch mistakes, gaffes, blunders or problems, she seemed to flow on every subject. did i miss something? >> you are right. a couple things to clarify. she never said raising the retirement age, and referring
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to people who are 20 years old, not later. she went with the nuance and clarified it. that's where we are in this campaign, taking sentences from other candidates and making it an ad that requires more questioning to get to the bottom of where they are. stuart: president biden was heckled by protesters in south carolina. watch this. >> president biden: the truth is under assault in america. as a consequence, so is our freedom, our democracy and are very country because without the truth, there is no light. without light, there's no path from this darkness. >> if you care about the lives lost you should honor the lives lost in the cease-fire in palestine. cease-fire now! stuart: apart from the protesters, that was a sharp edged speech, going after donald trump. did that speech move the needle?
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>> reporter: i think it matches where the white house, where the president is. they are going down this threat to democracy line. i will point out after that protest, the president off-the-cuff said i have been working to try to get the israelis out of gaza faster. that raised some eyebrows in israel and there's a big story in the israeli press about wait a second, he is? he's trying to get us out, this is clearly their pitch and whether it sticks, we will see. stuart: we will be watching and make sure we watch tonight with ron desantis. that is 6:00 pm eastern tonight. tomorrow you have donald trump at 9:00 pm eastern. really, the gamut this week. >> going out with him.
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we have a big piece on special report. stuart: spread your self around, thanks for being with us this morning. michelle obama says she's terrified of the outcome of the november election. and she lighting a fire under the biden campaign getting the moving or is she making a strategic move of her own, the president going after donald trump, called him a loser. and out reaction to the new campaign strategy next. ♪ ♪ but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell... while verzenio works inside
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stuart: the reading is still there. show me the 10 year treasury, above 4%, $4.01 the nasdaq is down. you know what that means? brian kilmeade will miraculously appear on your screen right about now. michelle obama is weighing in on this year's election. >> i am terrified about what could possibly happen because
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our leaders matter. who we select, who speaks for us, who holds that bully pulpit affects us in ways that sometimes i think people take for granted stuart: do you think she might jump into the election was she just trying to light a fire under the biden campaign to get it going? >> she talked about different issues in a separate soundbite. stuart: we just got to get out of this and fix the microphone problem. the markets are red ink in terms of the dow, 260 points, nasdaq down 54. the yield on the 10 year treasury at the 4% level.
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a big drop in the dow, a couple dow stocks must be moving things down. boeing is down again. that's in trouble. i have not picked up the other ones, it is down 263 points as we speak. the price of gasoline not changing, $3.07 per gallon. that the average, now significantly over the past few months, we've got diesel $3.94. going through the markets, see how we stand. gas $3.07, gold, all over the place of this morning, natural gas price average, we got the same, 307, same as yesterday, diesel is unchanged at $3.94 because we've got record oil production in the united states. the national gas price average, crude oil is $71 a barrel,
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relatively low in terms of recent improvements, natural gas up 2%. i'm struggling here. natural gas is up. it is snowing. lauren: raining. it will be double digits. negative double digits when they go to vote in iowa. we one negative 10. lauren: negative 15. that could affect turnout. stuart: big tech. lauren: alphabet is up, 5. 8%. %. amazon also higher as is meta that microsoft and apple are lower today. stuart: okay. crypto, why not? 46,700. lauren: tomorrow is the deadline for the sec to greenlight the etf so wait and see. stuart: i bought some ethereum, lost my shirt, did not sell, not all the way back, a small problem. the dow is down $2.70, dow winners merck.
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lauren: merck salesforce j&j, proctor and gamble. on the other side the losers, goldman, mcdonald's and caterpillar. stuart: what have we got on politics? trying to fix brian's microphone. tap dancing for another minute. what have we got? lauren: a story i was going to do, president biden losing support among black voters. in 2,020, i got 92% of the black vote. one of those voters spoke to nbc and said that was borrowed support because we loved barack obama. what is biden done in the past couple years for us to keep up support for him? the answer is not much. stuart: losing support. lauren: 20% of those voters could be looking at donald trump. stuart: we had a problem with brian kilmeade's microphone, four minutes of live airtime to fill and you are so cool. just ahead, reliably, south
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carolina congressman russell fry. will he hold hunter biden in contempt of congress after the trying a subpoena. lloyd austin asked -- lloyd austin's hospitalization, did he ask to keep it secret? that's a question. arizona senate candidate mark lam on a new migrant caravan heading towards the border. the 11:00 hour is next. ♪ so it's decided, we'll park even deeper into parking spaces so people think they're open. surprise. [ laughs ] [ horn honks, muffled talking ]
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-cear you, jerry. -sorry. uh, yeah, can we get a system where when someone's bike is in the shop, then we could borrow someone else's? -no! -no! or you can get a quote with america's number-one motorcycle insurer and maybe save some money while you're at it. all in favor of that. [ horn honking ] there's a lot of buttons and knobs in here.
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- our customers' homes are taking care of them, maybe your home could do the same for you. - [narrator] call aag, the country's number-one reverse mortgage lender and get your free info kit. call the number on your screen. >> they're encouraging the flow of migrants. they're basically telling people get on that train, go north, go to the united states of america because i am the president of mexico and fight for you to make sure to get a work permit and you can live there. >> this is no way to run a government, certainly no way to run a world when there are two wars going on in the middle east and europe and a potential third conflict with china in the taiwan straights. >> it's a red herring to distract from th

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