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tv   Varney Company  FOX Business  January 17, 2024 9:00am-10:00am EST

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world war ii veteran gains over 6 million views on social media after a video captures him meeting his great, great granddaughter for the first time. watch this. >> oh, isn't she print. [background sounds] oh, baby. [laughter] martha: -- maria: beautiful story there. solid, your reaction. >> a great moment with his great, great granddaughter for the greatest generation. maria: yeah, good point. yes. nice if analysis. cheryl. >> oh, same, what a beautiful moment p. it almost makes me want to join tiktok because that's where that video came from. i still will not, but it is nice to see moments like this. this is the fun part of social media, the good part there's always the down side, but this is more of a positive side. maria: we are about 30 minutes away from the opening bell for a
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wednesday. we are at the lows of the morning, the dow industrials down 191. we did get better than expected retail sales numbers out and, of course, investors are making the jump to what that means for the federal reserve. the next fed meeting at the end of the month. we'll see what the fed does. a lot of expectations here about lower interest rates this year. thanks so much for being with us, everybody. todd piro and cheryl casone. "varney & company" takes it out now. stu, take the it away. stuart: good morning, maria. good morning, everyone. we have donald trump more vigorous than ever, we have a president who seems to be in hiding. what a contrast. in the last three days, trump has gone from the iowa caucuses to the new york courthouse, then to new hampshire, then back to new york for another court hearing this morning. this afternoon he's going back to new hampshire for another rally. the president, however, on the other hand, the rarely seen in public, and when he does, frail and not always sure where he is. there have been no public events at the white house this year.
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his handlers keep him under wraps. trump is barn storming, biden is not. if to the markets. more selling as interest rates rise. the dow down nearly 200 points. that's the eau low of the day -- the low of the day so far, and the nasdaq is down 41. the yield on the 10-year treasury now well above 4%, it's at 4.11. market doesn't like that. the 2-year coming in well above 4.25%, no, now you're up to 4.32 percent. rising rates hit stocks. oil in the low 70s, $70.59. gas actually up a little, regular gained one cent overnight to an average $3.08. diesel up one cent at $3.93. bitcoin at $42,000 per coin, the exact quote is 42,55. politics. internal division at the white house over the war in israel. anonymous letters are circulating, and some young
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staffers threaten a walkout. if just a few years ago if you disagreed can with the boss, you resigned. now you undermine inside and go on strike. times are changing and not for the better. on the show today, china has a demographic problem. its population is shrinking and aging rapidly. women having fewer children. the government has started a program to encourage men and women to get together. and the weather proves to be a big problem for electric vehicles. the big freeze drains battery power. some chargers don't work. looks like an ev bust. january the 17th, wednesday all day, 2024. "varney & company" is about to begin. ♪ go big or go, go go -- ♪ go big or go home ♪ stuart: go big or go home, yeah.
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not really -- oh, that's about trump, is it? lauren: yeah. stuart: that's germane to trump. lauren: i'd say so. >> i thought it was maybe the rate cut, but that's okay. [laughter] stuart: go big or go home. look at that. midtown manhattan still is not exactly busy now, is it? 9:00 in the morning. well, there's a little traffic. we're going to start this fridge if squid wednesday morning with politics. iowa is now in the rearview mirror. all eyes are on new hampshire. that's where trump held a rally last night. i don't know where he gets his energy, lauren. lauren: i don't east. it is impressive for anybody, leapt alone a 77-year-old man. last night was the first of five expected rallies in new hampshire for trump before the state's first in the nation primary if on tuesday, so we're under a week. trump was joined by his new bro, former contender vivek ramaswamy. stuart: bro? [laughter] >> i was honored to receive the endorsement of a man who has become a true leader and earned the admiration of so many patriots. i've been a friend of his even though we were competing against
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each other, but i was a friend of his. i was actually surprised when he called, because he was doing well. and it's an honor to have his endorsement. he's going to be working with us, and he'll be working with us for a long time. lauren: and the crowd chanted are vp. potential vice president? if i don't know. trump said he already picked who this is. stuart: he's not going to tell us yet with, is he? [laughter] keep us headache on that one. trump has been a busy candidate. he went from iowa monday night new york yesterday morning, new hampshire last night for a rally, flew back to new york last night for a court appearance there this morning in new york. later he goes back to new hampshire for yet another rally. sean duffy with me. what a contrast with president biden. what do you say, sean? >> you're right, stuart. you have donald trump, when he speaks, he's off the cuff, he's funny, he's engaged, he knows policy. you compare that to joe biden, if you see him, he stumbles, he mumbles, he can't find his way from a helicopter to a car that's, you know, right beside
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him waiting for him. it's a real distinction between the two. but i think what's fascinating, stuart, and you toll -- follow politics, the fact that in 2016 the republican party was still grasping on to the ideas of george bush and john mccain. donald trumping as you saw on monday night, has completely revolutionized the are republican party. it is a populist party. it is a america first party. it is a no useless war party. and i think a lot of people look back to those four years he had in office and they go, listen, i want more of that. that's what i want. i don't want to be worried about my government and politics. i want to be focused on my family and my great bank account. stuart: texas senator cruz endorsed trump last night, actually, he said he endorsed him enthusiastically. he says the race is over. do you agree with that, sean? >> listen are, all the voters, you know, get a chance to have their say, they get to weigh in, but if you look at the performance, a 51% in iowa, it looks pretty good for donald trump.
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it might be a little tighter in new hampshire, but again, i think he is off to the races. remember ted cruz at, at the republican convention had a hard time saying nice -- this was back in 2016 -- nice things about donald trump. there was a lot of tension between these two. you now see ted cruz coming in in 2024 wholeheartedly endorsing donald trump. what a difference eight years has made in the relationship between those two men. stuart: obama's former senior adds visor has a warning for the bind cam rain after trump's big win in iowa. watch this. >> i don't consider myself a pearl clumper, the -- clutcher. the president and his campaign need to get into gear, and they need a message. they need a message that takes not just democracy, but the day-to-day concerns that people have. and they need to prosecute it every single day through every single surrogate. that's what winning campaigns do. it's going to be biden versus trump, and so begin to draw
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those pair -- parallels not just on democracy, but on issues that are important day-to-day in people's lives. stuart: you know, sean, is that former president obama trying to run the biden campaign through axelrod? is that what's happening? >> well, first of all, i think barack obama joining the white house and is trying to run the campaign as well. what i think he's trying to say is, listen, you can't just run a democracy and orange on man bad. you have to lay out a vision for the country. but if you look at the the last three years, it's not a very positive vision, and joe biden's not willing to change. and you compare joe biden and his rhetoric to donald trump, again, people might say donald trump says some mean and nasty things to people and mean if tweets, but if you listen to what he's saying about where he wants to take the country, it's a very optimistic message, and people gravitate towards that optimism as to proposed to the mean, old, senile man in the
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white house right now. stuart: sean, we will be watching you on "the bottom line," 6 p.m. eastern here on fox business. sean, see you again soon. >> thanks, stuart. stuart: the latest report on retail sales this morning, or came in strong, didn't they? lauren: it really did. don't count out the consumer, right? this measures the pulse of the christmas shopper because it was for desk ands retail sales rose .6% from november and 5.6% from last december can. the numbers are encouraging, and they are sending a message to wall street that maybe the fed's not going to cut starting in march. yield withs are up on this news. finally, if you look at all of last year, retail sales rose 3.2%, online shopping up 8. groceries up 2.5. gas sales down 11.5%. stuart: fascinating. i want to bring in charles payne. he's deigned to come onto the set in new york city. got him out of bed early. actually, charles always gets in early, he likes to avoid the traffic. what do you make of this market
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with interest rates going up like this? 4.11 on the 10-year. >> yesterday was an interesting tale, because it went up initially and then fed governor waller spoke. and initially the street was like, okay, here you have the biggest hawk sounding like he's okay with rate cut, but then the he tempered it. and as the day went on, things changed dramatically. what i thought was really intriguing, if you take all the stocks on the new york stock exchange, nasdaq, the ones that hit new 52-week lows outnumbered those that hit new 52-week highs for the first time since october. that's called market breadth. that's one of those signals that the internals in the market are starting to get a little worried. listen, we've come a long way very quickly. wall street itself, everyone jumped on the bandwagon. bank of america came out with their monthly fund managers' survey. it's the most optimistic survey ever. it's just sort of one of those things that makes you go, okay, you know, and you have to ask how much of the fed rate cuts
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are already built into this market. we've had one hell of a rally since powell took that victory e lap. stuart: yeah. i want the talk about gold v. us bitcoin. gold use -- versus bitcoin. gold used to be the traditional hedge against uncertainty and world chaos. now if it seems like bitcoin 's take over to. do to you agree with that? >> i think bitcoin has usurped some of the gold, you know, taken some of the glitter from gold, not to be -- you know, no pun intended per se. but here is the difference i see. i think gold is still the ultimate store of value. but as far as an instrument that can go up, that can, you know, it's like if the world goes to hell in a hand basket, your gold's going to be worth something. but what has the potential to really, really ignite through geopolitical issue, ups and downs of the world? if bitcoin lives up to its potential, it's just getting started. so i look at them now, i don't think people should be either/or. i think you have a certain amount of gold just as something
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that you know will always be valuable. if you're trying to make a lot of money, i would prefer bitcoin over gold. stuart: o.k.. you're going to new hampshire aren't you? >> yeah. stuart: now, in iowa the big issue was immigration. do you think it'll be the big issue in new hampshire or the economy? >> it'll be more the economy. in fact, one of the things that they're sort of hoping with nicki haile is a more liberal -- nikki haley is a more liberal state because if you look at the exit polls from iowa, where she really excelled was with the more moderate, liberal voters in the republican party. it's not a caucus, obviously, and everyone gets to vote. so, you knowing they're sort of hoping, establishment is sort of hoping that she can make some sort of massive move, even pull an upset, because if not, i think realistically the race is over if trump wins. stuart: yeah. you're hosting a town hall tomorrow -- >> i'm so excited about this, stuart. stuart: it's called becoming unbreakable. >> becoming unbreakable. because with here's my thing, if you invest in the stock market,
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you are going to take losses. you are going to get hit. and you have to learn how to roll with those hit, make them work for you and not get out of the greatest money-making machine in history. also i'm excited, i'm going to do something i don't think has ever been done on financial media -- stuart stuart uh-oh. >> you've got to tune n. you have to tune in. stuart: i love surprises. >> yeah, i've got to surprise you. the focus is going to be on the roaring '20s. i'm going to make some interesting parallels. also i'm going to let the cat out of the bag, the fix is in if the stock market to almost always go up over time. i'll tell you why tomorrow. stuart: 2 p.m. eastern, "making money" with charles payne. that's today, of course, and tomorrow the town hall. >> thanks, stuart. stuart: thanks for being here. coming up, msnbc host dzhokhar borrow used obama to downplay trump's big win in iowa. watch this. >> leapt me just ask you, if barack obama took four years off and then ran in a democratic caucus in iowa, would 50% of
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democrats vote against barack obama? no, no, they wouldn't. stuart: okay. he just doesn't want to anytime that trump really running away with this thing, you know what i mean? homeland security committee chair mark green announced a second impeachment hearing for alejandro mayorkas, but, okay, if he's impeached, then what? the migrants keep coming, don't they? congressman between is next. ♪ alejandro, al hand destroy -- can alejandro ♪ ♪ trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos,
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has the administration made any comment on this redesignation? >> reporter: yeah, and not yet. we expect that maybe later on today, but reredirecting the ships around the red sea is starting to put upward, pressure on prices. the price of oil, for example, now hovering around that $700 range. you see it $70.85 for crude oil. it had been coming down before the attacks, but since the redirection of ships, it's holding steady. the see owe of chevron says his company will still use the red sea, shell announcing they won't. >> so it's something we're watching very carefully. we're working with various authorities to insure safe a marine transit, and it's a situation that's volatile and could change. >> reporter: sod the the -- today the ceo of dhl warning adding weeks onto a trip could lead e to a shortage of containers for shipping in asia
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because not enough will be returned in time. the weekly cost to assistance port containers to europe, rose 99%. representative cory mills says this started with a policy move to remove the houthis as a designated terrorist group. >> but the problem is that we're continuing to treat the symptoms without recognizing the disease. the disease there being the continuation of helping to find fund and export if oil out of iran by not upholding sanctions by iran, but also not addressing china's relationships to iran that's also exacerbating the situations in the middle east. >> reporter: and again, stu, we do expect the president to reverse course. sources telling fox news they will redesignate the houthis as a terrorist group. stuart: edward, thank you very much is. congressman mark between from the state of tennessee -- green from the state of tennessee joins us now if now. iran has fired rockets into neighboring iraq and neighboring
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pakistan. this looks like a wider war. what do you say? >> well, stuart, first, thanks for having me on. and, look, the houthis are and have always been a terrorist organization. they should never have come off the terrorist watch list. when you have a president that responds so pitifully when our soldiers are even attacked in iraq by iranian-backed militia, this is what you get. now, i'm certainly grad we're striking back at the houthis and their attacks on shipping, but this is a problem of the president's making. and their attempt to separate it from the gaza and what's going on there is just another ridiculous way they want to treat iran. somehow they have a love affair with iran. doesn't make any sense. stuart: how far would you go? would you strike iranian oil installations, for example? would you in any way attack iran directly? >> i would destroy the houthis.
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they have attacks american ships. they actually hit an american ship the other day. so i would destroy every launch site the houthis have, and i would absolutely destroy the militia that are attacking our troops. they need to be, you know, destroyed. stuart: okay. congressman, you focused the second -- announced the second hearing for secretary mayorkas' impeachment, homeland security. o.k.. my question would be you impeach the guy, remove him, but then what? 2 migrants are still pouring across the world e aren't they? >> i get that all the time when i'm in my district, you know? if we pass border security, they have to execute. you know, even if we pass the bill, they still might not even do it because they're breaking the laws now. and and then what do you do with a cabinet if secretary or who's lawless, who's disregarding the coequal, separate branch of government, the congress and the laws we've passed? i have a duty to do the right thing here. we can't how a secretary, a cabinet secretary, to just totally disregard the laws passed by congress, to lie to
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congress, to disregard judges' decisions of cease and desist, orders of cease and desist of their actions that are just being ignored by this secretary. we have a duty to make sure that the any secretary who steps into that position knows that the constitution will be followed. so i feel like even if they put another mayorkas-like guy in there, i have to do my duty and make sure he's impeached. and that's what the house can do. stuart: fair enough. congressman, thanking -- thanks for joining us. the justice department is calling out the white house over a migrant growning on the -- drowning on the border in texas. lauren: so the biden administration is pushing a narrative. they said that two migrant children and one migrant woman drowned near eagle pass, texas, because texas wouldn't let the border patrol in near the area to save them. but then the department of justice provided the truth timeline. it says these three migrants drowned at 8:00 at night, and border patrol wasn't told about it until one hour later, at
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9:00, meaning there was no way texas the prevented a federal rescue. and what this does, it heralds back to the border patrol, the horseback whipping claims back in 2021, pushing this narrative that isn't really what's happening. stuart: it was false. lauren: false narrative. stuart: terrible stuff. thank you, lauren. check futures, please. wednesday morning. looks like we're heading south across the board. the opening bell is next. ♪ ♪ you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence.
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stuart: there's going to be some selling at the opening bell on wall street. look at that, the dow's off a nearly 200, the nasdaq down 145. shah ghailani's with us. shah, big tech did well in january last year. so far in january this year it's done okay with the exception of apple and tesla. now, you're a dip buyer. are you buying the dip in tesla or apple? >> no, or stuart, i'm not. as far as tesla goes, i think the bloom is off that rose, and it has been for a little while. all of 2023 they cut prices several times, they're trying to sell used vehicles, and that's
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impacting the price of new sales as a those vehicles' prices fall. i think it was hertz just decided they were going to be done with their evs, and that meant a big loss for tesla are. i think that the first mover advantage is over, and tesla is probably headed for some trouble. and apple, i think, has got its own problems including what's going on in china where they're losing market share as far as their senator phones go. -- smartphones go. stuart: which of the big tech stocks do you like and would buy now? >> i like the rest of the, say, magnificent five on dips. microsoft, 1000%. google, 100%. nvidia, of course, 100%. already having a stellar 2024. yeah, those names are still going to be solid, and they're going to be dip-buying opportunities. i think we're going to see a bit of a dip. i think rates are probably headed a little bit higher. i don't think that we've seen the peak in rates yet. stuart: yep. of course happening today, the yield on the can 10-year treasury going up to 4.11.
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that's a significant jump. we've just learned that factory, retail sales were up. factory output actually increased dallas month. last month. all of that suggests that rates are not going to be coming down anytime soon. that's my analysis. what's yours? >> i agree. the economy is still chugging along quite nicely, and there's no sign of recession ahead though that may be in the offing somewhere. right now prices are going to remain pretty firm because there's plenty of demand out there. the consumer's in pretty good shape, so far so good. as long that as that maintain, that's going to put upward pressure on rates, period. stuart: i might just go back to buying treasuries. i've got a 1-year yield at 4.81. you know, that's kind of aa tracktive, you know what i mean? >> the yield withs are very aa tracktive right now, and i think they're going to get probably more attractive. they're starting to give some good competition for equities, especially as volatile as the mark's been in 2024.
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stuart: shah ghailani, thanks very much, indeed. the market is about to open, and they will open lower as rates go up. here we go. he's pressed the button. the dow is down in the early going. that number's going to change. at the moment it's down 108. i suspect that when they all open up, or open, i should say, the loss will get worse. right now you're down 150. 37,2 is your level. and just a handful of stocks among the dow 30 are actually going up. most of them are down. the s&p 500 also opening lower. the loss there is some, what is it, 31 points, that's two-thirds of 1%. and the nasdaq, that's going to be down sharply. it's off .83 percent, 124 points down. show me big tech. i'm sure they're all losing issues at this moment, and yes, they are. meta, alphabet, microsoft, amazon, apple down. amazon just launched a new a.i. tool. i find that interesting. if i'm an amazon shopper, how is
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a.i. going to be used for me to help me? lauren you can ask the web site, or the ap i should say -- app, hey, i need a new tie. i'm sick of this blue and pink tie. i like this green one. what to shoppers say about it? instead of reading the reviews, a.i. can summarize for you. you can't have a conversation conversation can with it, but it will stay on topic and answer your questions. so how is amazon using a.i.? everywhere. it's using it for the sellers when they have to write the product descriptions, it's using it for the deliveries. how do you route the best last mile to get that item to your doorstep, right in. stuart: so next we want to see fit raises their revenue. do they bring in more money with this. the stock's done well recently but not today. , or down a point. charles schwab, they reported before the bell. lauren: down 6.3 3%. what's happening is schwab is paying more in interest in goes
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if to haves, so they don't look for better returns elsewhere. if you look at the average that they're paying the depositors, it's about 1.4%. a year ago it wasn't even half a percent. so that's gone up, and that dents the good things that were happening at the bank like the increase in their asset management fees that they're charging. stuart: squeezing their margins, or okay. then we have the chip maker amd. it's been absolutely on a tear. okay, not today, down 1%, but what's behind the tear? lauren: yesterday with shares were within 2% of a record high. what's behind it is they're, like, the second source of super a a.i. chips behind nvidia. barclays said that, they're giving them a price target of $200, and they say amd could post $4 billion in a.i. chip sales this year thanks to their new uber-powerful mi-300, and chip. so this amd is the underappreciated a.i. story. everyone talks about nvidia. stuart: okay.
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then we have disney. they had a rough 2023, very rough, actually. but i understand that the ceo, bob iger, made a ton of money. lauren: as shares fell. $31.6 million total compensation for last year. of that doubled the prior year. he was brought in november of 2022 to fix the company, right? if did he do that? activist investors don't think he did. they're annoyed at the share price in disney, and they didn't get a seat on the company's board. the disney board nominated 12 directors including mary barra, ceo of gm. none of them were nelson peltz or an activist investor. stuart: okay. but bob iger is a liberal democrat. i wonder if he agrees with raising taxes on the rich. [laughter] i'm moving on. i'm not touching that with a 10-foot pole. spirit's stock is off, what's the percentage terms? down another 18%. this has to be because the her ier is with gent blue is dead
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can. lauren: the best case scenario for spirit is filing for chapter 11. stuart: okay. lauren: exactly. a federal judge says it would harm pages by taking out the cheaper competitor, which is spirit. it was a $3.8 billion deal. it would have made a combined company, the fifth largest carrier in the u.s. the airlines were saying, well, we need to compete with the big four, delta, american, united and southwest. they control two-thirds of air traffic. we need to compete. and the biden doj was saying, absolutely not. and i find it funny because this is a win for the biden department of justice. they're not doing well with big tech, but they're doing well with the airlines because hawaiian and alaska are stet to -- set to merge through. stuart: it mate be for a -- may if be a win for the biden administration, but to me, it's a loss for the flying mix. lauren: and now spirit might go out of business entirely, and the market is saying this company can't survive. stuart: you're right. i know google is laying off a lot of workers, but do we know
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which part of the company, which divisions are laying off the most? if. lauren: it's trickling in. reportedly, hundreds from their advertising sales team, but last week it was voice assistant, the pixel team, the fitbit teams. so hundreds here, hundreds there. why? a.i. the companies are figuring out how best to use it, aka, replace a human. but also how to make investments in it. that costs money. so it's kind of like a leveling of the playing field in a way. stuart: yeah. but it's another untold story about a.i. because there were chips and nvidia and what it can do for everybody, but it replaces human beings, and you can see that at google. you're talking hundreds of -- what is the it, 7500 people? lauren: that's for all of tech so far this month in january. the tech industry has laid off more than 7500 workers. but look at, i think it was 160,000 for last year, the year of efficiency for these big tech companies to kind of rein in their spending, right the ship.
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it's continuing so far in the new year, and the new year is because of artificial intelligence. stuart: amazing. check the big board. here we go, we're down 125 points as we speak back at 37,2. dow winners, there are a few -- lauren: boeing, i bet you. yep, boeing. boeing's number one. stuart: that's a bit of a rebound, but only to $203 -- lauren: the faa finished inspection on some of their planes. stuart: unitedhealth, disney's on the winners' list. merck too. s&p 500 winners, show 'em to me, please. i'll squint. boeing's on the list, johnson controls, cardinal health, citizens financial. and the nasdaq winners are headed by -- lauren: the board says -- [laughter] o'reilly automotive. stuart that was up yesterday as well. lauren: was it? stuart: i'd like to know what's going on there. o.k. i want to know where the 10-year treasury is because that really is upsetting the market. the yield is up to 4.10 -- lauren: 5-week high. stuart: yes.
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and a couple of days ago it was below 4%. check the price of gold, please. not necessarily the new hedge against world chaos. it's at $2,023 per if ounce. bitcoin holding pretty steady around $42, 400. oil, low $70 a barrel, 71 right now. nat gas, $2.83. you would have thought it'd be up today, wouldn't you? with all this cold weather? no, it's down. coming up, john kerry snapped at a reporter when asked about his carbon footprint. roll tape. >> why do you think you're more important? your carbon footprint doesn't matter but with everybody else around -- >> -- suggested that. nobody ever suggested that. don't make up stupid questions. >> your being here suggests that. >> stupid question. stuart: well, that's a little controversy right there. we'll show you more of that. [laugher] many ev owners in chicago hit a speed bump. they found out the hard way that their batteries don't carry the same charge in the bitter cold. charging stations became robot
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graveyards. is the ev push headed for a crash? kevin to theory, the man -- kevin o'leary, the man himself, he's next. ♪ ♪ voya ♪ there are some things that work better together. like your workplace benefits and retirement savings. presentation looks great. thanks. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals. that one. and look forward to a more confident future. that is one dynamic duo. voya, well planned, well invested, well protected.
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stuart: temperatures plummeting and many electric vehicle owners are finding out their batteries do not carry the same charge in the cold. kelly saberi joins us from a tesla charging station. how long is it taking owners to get a full charge in temperatures like this, kelly? >> reporter: well, stuart, if you have a tesla, you know that you're not supposed to charge it to 100%. usually to 80 or 90. and people are telling us that the would usually take them maybe 20 minutes, it's taking about 90 at this point. tesla says to get to 200 miles, superchargers only take 15 minutes.
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just to paint you a picture of how bad the situation is. now, you also won't be able to drive as a far in these conditions. evs at 20 degrees or below are going to experience some difficulties, and there's different estimates on how bad this may be. aaa says the performance decline is roughly 41% which means what could be a 100-mile journey will only be 5 miles. drivers here in oak brook, a suburb of chicago, at this tesla supercharging station say they're getting frustrated. >> i had to charge, like, multiple times every day the last come of days. i had to, like, wait f, like 45 minuteses for a charger, i pull in, it doesn't work, and i pull out, and spun else takes the next charger, and i had to wait 9/11. >> i was at 50% when i got here. usually from 50 to 80,9 0% takes 10, 15 minutes, it's taking an hour and to minutes. >> just -- hour and 20 minutes.
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>> just -- it's just frozen, so i'm getting it toed because that's my only option at this point. >> reporter: there are some options if you live in a climate like here in chicago where it is bitterly cold. what you need to do is get the heated seated and preconditioning which will allow you to set a timer telling your car when you need to be out the door so it will be charged and ready to go. of course, that's only if you have the home charger e. it's the supercharger that you're going to need to leave the house for. stuart? stuart: kelly, this is not good pr now, is it? kelly saberi, point out the problems. and look who's here now, mr. wonderful himself, other side known as kevin o'leary. looks like he's in some warm spot somewhere. are you in miami or something? >> no, i'm actually in boss tonight. i'm on the road on my way to washington, d.c., stuart, to testify at the small business hearings tomorrow, and i have an earful for them, so i'm looking forward to it. stuart: i want to have an earful
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about the ev push. i think it's collapsing -- collapsing. what say you? >> the reality of ev is striking. i mean, this narrative started weeks ago in the united arab emirates at the climate conference. the adoption rate and the limitations of evs in europe and here domestically are evident. we've never actually had this kind of cold, so now we're testing the battery longevity, and everybody's learning about lithium batteries in freezing cold weather. the bigger issue here is when you consider yourself going green buying an ev, it's also coming to the fore that you have to make that welcome trilts, ant now we burn a lot of coal to make that electricity. in the long run if this is going to cork -- work, we have to find new way of making electricity. probably nuclear power would be good. solar's very limited in terms of getting it into car batteries. this whole thing is a very complicated equation. in addition to that, you've hard the market rule at hertz,
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they're dumping them. this morning from davos the ceo, hoover, claimed that it would be great if we could get more people to buy evs if they were driving them, but if people don't want to do it as drivers, they're not going to do it. so we're at an inflection buoyant, stuart. stuart: we are, indeed. i want to talk about boeing. the stock has gone on a steep fall after that door plug incident if with alaska airlines. the dip, a profound dip in boeing with stock. are you the kind of investor who would buy boeing on this kind of dip? >> no, because i've learned that i'll be punished in nine months with another incident like this. i, i always have a hard time saying this, but boeing was my darling stock ten years ago. it was unbelievable. it was a 5% weighting of our portfolios in the money we manage. it was a spectacular company because it had incredible executional excellence. these mistakes, these problems are a result of heightened
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scrutiny on boeing's manufacturing process but also, i'm sorry to say this, stuart, it's time to question with leadership. for me, if i were a board member, i'm sorry e, i'd get the thanking stick out. hyde make changes. the market's going to need that to move forward. to make an incredible aircraft like this is amazingly complex added by all the challenges of supply chain. but if you keep blowing yourself every nine months, literally -- and that's what's happening hert shareholders are going to do? they're going to say i want change. and these markets, these days that doesn't take too long to actually immaine so -- can implement. i'm sorry, i'm a fan of the ceo, but somebody's got to pay. the whacking stick has to come out, and i'd also a whack some board members while we're at it. they have lost so much market cap to the backers and the institutions and the shareholders that own this stock, and now the delay in the china orders, i'm sorry, it's
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whacking stick time. stuart constituter okay. i'm going to change the subject entirely. general gen-zerss, joy behar on the view mocked gen-zers for feeling like they are falling behind in this economy. roll tape. >> they're owning homes at a lower rate. this is the why 45% of people between 18 and 29 still live with their parents. they feel left behind by the economy -- >> oh, please, get a job. [laughter] >> no, they have jobs. they have to work multiple jobs -- >> there's a million job openings in this country. get a job. >> they've also lived through a pandemic e, they've lived through the worst of time. i'm raising two gen-zers -- >> boohoo. stuart: kevin, i think this is one of those rare occasions when you will agree with joy behar. is that right? >> i have a coupe of g d -- couple of again dis,sers. the dead bird under the nest
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never learns how to fly, and that means you can't keep them in the house. they've got to fend for themselves out there, and there are the lots of jobs. but to be fair, stuart, we raised rates from basically 0 to 5.5%, change thing the -- changing the whole cost equation for a generation that had a never seen high rates. ing they've never paid 23% on their credit cards, now they are, and they're freak out. stuart: i'm not surprised. mr. wonderful, i do hope you can make a return appearance as soon as possible on this program. >> take care, stuart. thank you. [laughter] stuart: see you later. coming up, it is so cold, the national worth service has issued wind chill advisories across 10 states. we'll find out if a warmup is on the way after this. ♪ ♪ ♪ if
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(fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different.
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sara federico: at st. jude, we don't care who cures cancer. we just need to advance the cure. it's a bold initiative to try and bump cure rates all around the world, but we should. it is our commitment. we need to do this.
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get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now.
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stuart: yeah, this is a fox weather alert are. the national weather service has issued wind chill advisories across 10 states. brandy campbell is in little rock, arkansas, for us. okay, is a warmup on the way at least in the south, brandy? >> reporter: well, stuart,
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it's not coming now, but next week we can expect things to work up, thankfully for the folks here. now, i'm taking a look across the that states in the south who for the past couple of weeks faced severe weather with. well, now they've gotten their fair share of winter weather. also getting some of the coldest air since the winter freeze in february of 2021. at this point there's still several wind chill watches and warnings that are being advised to several states going down to the mexican border. let's start here in arkansas. we're in the state's capital of little rock where the lowest temperature recorded in this state over this weekend was at -if 7 degrees. -- -if 7. they also got up to 8 inches of snow in some places. however, this did cause several school districts to close down for at least two days including the local government. it created dangerous snow-packed roads where, unfortunately, at least one driver died after driving off the road and hitting a tree. now, let's go over to tennessee
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where their snowfall pretty much broke a record. snowfall measured nearly 8 inches in the tennessee capital which is more than their yearly average of 4.7 inches. again, unfortunately, the tennessee department of health has confirmed six weather-related fatalities there. finish now, on the upside, people are enjoying this weather, hitting the hills that they can find that are snow covered. take a listen to what this one family said about enjoying the snow. what do you guys think about sledding down in the snow? >> good. >> reporter: what's your favorite part about it? >> going fast. [laughter] >> we just had some good family fun time. these are memories we'll cherish for life, and we're glad to get some snow in arkansas. >> reporter: all right. and, stuart, unfortunately, we're seeing several southern states having thousands of power outages at this time. back to you. stuart: not good if you've got an electric vehicle. brandy, thank you very much for joining us. still ahead, liz peek, florida
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congressman mike if waltz, martha maccallum, clay travis. the 10:00 hour of "varney & company" is next. ♪ i'll give you electricity, give it to you. ♪ and even if i could, i wouldn't turn on you ♪ ..
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