tv Varney Company FOX Business January 25, 2024 9:00am-10:00am EST
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>> you've got to have special breathing techniques. [laughter] jackie: that was a good one, a good idea. possibly. >> they say a cold plunge is set at normally 40-50 degrees, that's the new fitness craze. 40-50 degrees and they say no more than 5 minutes -- jackie: and they're good for you. >> three hours ain't good for you. >> i just, fine, i want to be in the guinness book of world records, let's figure out what the category is. i can't do anything about my if height, i'm going to go for the coldest? if wouldn't you rather make a really big pizza or something? i don't know. jackie: we're going to have to leave it and if end on that question. [laughter] thank you guys so much for being here. futures indicated hire on the dow by 84 points after we got that gdp if number for the fourth quarter. stu, i'm going to send it over to you. stuart: and i will take it. good morning, jackie. jackie: hi. stuart: good morning, everybody.
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the president goes to wisconsin today. a half hour ago his government reported the economy slowed a little to a 3% growth rate. an increasing number of democrats showing embarrassment about the president's age and performance. one cnn pundit says he should stay hidden, bring back the basement strategy because he, quote, doesn't inspire confidence. that was on cnn. vice president harris has been more visible on the campaign trail recently. she's blamed republicans for the border mess, and she dismisses concern over bind's age. hard to dismiss that. a vote for an 81-year-old biden is really a vote for president harris. intense pressure on nikki haley to drop out of the gop nomination race, but she says she's fighting on and and has arranged several fund raising events in her home state of south carolina. truth, on -- trump on truth central, truth social, i'm sorry, trump on truth social has again attacked her calling her delusional. what happened to trump's new, more friendly tone?
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to the markets. the economy grew at a 3.3% rate. that's stronger than expected. that report showed some improvement in inflation as well. investors seem the like it. the dow up maybe 70, the nasdaq up about 80-odd points, but there's between on the screen today again. the stock to watch is tesla. it has dropped well below $200 a sharaf a decline in profits and a weaker outlook. look at it go down 8.5 percent. interest rates, the 10-year treasury, down a little, 4.14 on the 10-or year. the 2-year down a little, we're yielding there the 4.34%. bitcoin, early this morning it dropped below 40 grand, it's still there. 39 if,9, to be precise. the produce of gasoline on average, $3.10 for regular. diesel down one cent, back to $3.91. all right, let's get to politics. biden messing with america's energy industry again. "the new york times" reports he's likely to delay a massive expansion in nat gas export
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terminals in louisiana and texas. a final decision can will be delayed likely until after a the election so biden tries to avoid the political fallout. at the border, a standoff between the feds and the state of texas on just who is allowed to stop the migrant surge. governor abbott digging in. he will not stand for what he calls an invasion. on the show today, the backlash against marijuana. it's more powerful these days, and some teens head to the emergency room with psychotic episodes. but pandora's box of legalization has been opened. really hard to close it up. here we go. another big show on this thursday, january the 25th, 2024. "varney & company" about to begin. ♪ ♪ ♪ where do the good boys to the hide away, hide away. ♪ i'm a good, good -- stuart: you know this --
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>> you like -- stuart: hideaway, i personally don't know it, but it's very relevant to our first story. the basement strategy, okay? well done, producers. you got that one right. it's a rainy day in new york city president. for some reason, there's more people on the city. it's thursday morning. cnn's van jones advising biden to stick to the basement strategy. watch this. >> if i were biden, i would, i would stay hidden. and i'll tell you why. he doesn't inspire confidence. and he's not a great messenger for himself. there's something wrong with this campaign where we're somehow if expecting joe biden -- frankly, he hid during the last cam patienting to come out now and be flash gore done and save his own campaign. the people that are benefiting from the bind economy -- stuart: well, well, well, pete hegseth with us. he seems to be admitting biden's age is a significant problem,
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right in. >> well, he's admitting what what everyone in biden's camp knows. i bet they wish he wouldn't have said it because everyone understands eventually e the only option democrats will have, besides demagoguery which they've already start, right? donald trump is hitler and focusing only on abortion and demeaning and demagoguing on that, they have to hide him. there's no alternative. and you can't put in the backup in kamala harris. you reported at the op of the show, that seems to be part of their plan. but there's a reason that hasn't been good either, because eventually she'll step in it too. so they're going to try to dust off the 2020 playbook. i bet they wish someone like van johns hadn't said it, but they're already kind of running a basement approach. remember when they built a set in the white house to give him the opportunity to read off prompter only? they will create a cocoon for him. maybe one we haven't seen yet that provides him an opportunity to run in the most cozy place possible while counting on the media to do their work for them.
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stuart: nikki haley has planned nearly a dozen fundraisers in her home state of south carolina. she still trails trump by double-digit points. do you think she should drop out, pete? >> i do. i don't think she will, at least in the next week because i think she's waiting for a a poll or two in zock to give her -- in south carolina to give her a grimmer of hope that there's some sort of nikki momentum. the problem is the south carolina primary is it's only for republican, and out turns out it's democrats and independents who have been voting for her in new hampshire. i had a bunch of to liberal friends that switched over and voted the republican primary for nikki haley, they're going to vote for joe biden in the future. there isn't prospects for an actual victory here. if you want to win the nomination, you have to win a primary, and there isn't a state on the map better than new hampshire for nikki haley. it'd be smart of her to follow
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the desantis playbook and say, hey, this dog's not going to hunt. but there's a lot of ego involved, stuart, and a lot of campaign advisers in her ear. i think she should. will she? not sure. stuart: did you see truth social? trump says anyone who donates to haley will be permanently barred from the maga camp. [laughter] forgive me for saying it, pete, but i think he's going back with wards with his tone. i thought he was going towards with a more -- forwards with a more friendly tone, but apparently not. what a do you say? >> well, the primary's not over. this is a guy who goes double bariums on points to -- barrels on points to win. said the same thing about desantis staffers, by the way. anyone who worked for ron, not going to work for me. money for nikki is her achilles heel, she needs if money. telling donors you're not a part of the maga movement to get rid of her, he wants her out so he can run against joe.
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that's always been who he is. i think he will move toward a conciliatory tone, but this is how he campaigns, and it's worked for him so far. stuart: you got it right. thanks so much, pete. see you again soon. be sure to watch his special poison ivy with pete hegseth. that refers to ivy league schools, all right? not that nasty stuff. it's available on fox nation right now. lauren are, it looks like trump has the nomination sewn up. so who do voters say they want as his running mate? lauren: are i feel this is what everybody is talking about. voters say someone much, much young or. listen to these voters in new hampshire. >> it has to be definitely someone browninger. [laughter] a lot young or. >> any president is going to need -- [inaudible] by him. >> really doesn't matter to him as long as it's somebody that supports the main person, you know, that's the most important. >> he's old, biden's old, you know in the number two's really important in this election. lauren: trump the says he knows
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who he will pick. he said it won't be nikki haley who could actually help bring in the independents that he needs to beat biden in a general. other names being floated, we speculate all the time, elise elise stefanik, sarah sanders, tim scott. but you know what? i don't think anybody expected mike pence back in 2016, so we really, truly do not know. stuart: okay. we're going to move on. let's look at the economy. we've got the first look at the fourth quarter gdp number. that's a lot better than expected. lauren: 3.3%. and it's a sweet spot. 3.3% in the final three months of last year. the or consumer was formidable over the holidays. if you look at growth for all of last year, 2.5 percent. another piece of good news, the personal consumption expenditures price index fell. it's part of the gdp report, and it came in under 2%. so we're seeing an economy that is proving resilient, growing as
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inflation is moderating. that's why i'm calling this sweet spot, right? enough growth to cool inflation. stuart: okay. let's see if adam johnson has the same opinion -- lauren: he's nodding his head. >> i think you know where i'm going. stuart: wait a second, 3.3% growth rate fourth quarter? how can the federal reserve lower rates anytime soon with a growth rate like that in. >> okay, well, remember, c pix went up to 9.1%. well, cpi's now about 3.5, and the data this morning, lauren has just pointed out, pce, personal consumption expenditures, under 2. and, in fact, the gdp price index was 1.5. so if your target for inflation is 2 and you've got growth, that's wonderful, and i think the fed can look at this and say, fine. we raised rates harder and faster, more aggressively than we have in 50 years. so, you know what? let's take back some of that. we're not going to take back all the rate hikes, but we can back back some of them.
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inflation isn't exactly where we wanted it to be, but it's going there quickly and we have growth, let's help the economy. stuart: let's talk about tesla for the moment. premarket it's down 8.7%, town $18 at 189. that is an enormous dip after its earnings report. >> yeah. stuart: would you buy that dip? >> no, i would not. stuart, this is one of the questions that my subscribers can ask me frequently, where would you buy tesla? if it's a lot lower. do i have a number in it's probably closer to 100, to be perfectly honest. and i'll tell you why. tesla has been trading at about, pardon me, 70, 7-0, 70 times earnings. ford trades at 7 times earnings. should tesla deserve to trade 10 times ford and gm in terms of price to earnings multiple when they sell fewer cars, when it appears that fewer e people actually want those electric vehicles? that's all they do. if elon musk could make an argument that tesla's more than a car company, it's a battery e company and it's an electricity
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storage a company, it's a solar company, then i could start to say, all right, fine, maybe we can attach a higher multiple to those businesses, but it's still a car company, and it's selling evs. people don't want 'em. i don't want it. stuart: you're not touching them. >> no p i will not. stuart: all right. coming up, nancy pelosi has said she wouldn't discuss trump's cognitive disorders, with but she ended up having a slip-up herself. roll intape. >> i'm not going to spent too much time on donald trump's cognitive disorders. he tried to say that nikki haley did not allow the national guard to come, but it was nancy pelosi. it was nobody. it was joe -- it was donald trump. stuart: it's endless, isn't it? if we'll be back with more of that a. and the gloves are off at the southern border. governor abbott says texas has a right to defend if itself. self-defense from a migrant invasion. we have a report on that right after this. ♪ ♪
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♪ ♪ stuart: a conflict if over that razor wire in texas, it's escalating. who has the power to stop the my grant surge? is it the feds or is it the state of texas? matt finn joins us from if eagle pass, texas. what's the latest, matt? the. >> reporter: the latest right now is that texas' razor wire remains untouched behind me. however, the biden administrations if has warned that texas has until tomorrow to allow biden's board or agents back into shelby park and the ability to remove texas' razor wire as it sees fit. a federal attorney where writes
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to texas attorney general ken paxton that the supreme court ruled in favor of the biden administrations ending the temporary restrain thing order that prohibited biden's border agents from touching texas' razor wire in and around shelby park. the biden administrations' letter to texas reads in part, quote: the supreme court restored the department's right to cut and move the concertina wire placed by texas in order to perform their statutory duties. in sum, we require full access to the shelby park area currently obstructed by texas by january 26th, tomorrow. please confirm if that the state will provide u.s. border patrol with the access described. now, the biden administrations goes into with detail about what it wants access to which includes shelby park where i am standing, as the international bridge and a boat launch nearby. now, for two weeks texas governor greg abbott has seized this property, he has kicked out the feds arguing in part that president biden just wants an open border. governor abbott says president
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biden's lawless border policies has allowed more than 6 million illegal immigrants to cross the southern border in the past 3 years, so abbott has used his authority and decared an in-- declared an invasion writing that authority supersedes my federal statute to the contrary. finish the texas national guard and other texas personnel are acting on that authority to secure or the texas border. and this morning the u.s. speaker of the house and at least six other republican governors are backing governor abbott in his fight against the biden administration, and the u.s. speaker of the house said the united states house will do whatever it can to support the texas governor. so the showdown continues with the deadline tomorrow, stu. stuart: got it, matt. thanks very much, indeed. national border patrol council vice president art del cueto joins me now. governor abbott is holding out against the feds. how do you see this playing out? >> well, look, it's very difficult to even know what's going to happen, but let's see
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what's happening so far. we have the administration that now admits there's a problem. the american public knows there's a problem. the media has reported this there's a problem, and the texas governor is trying to do something to fix the problem -- stuart: yes. >> but -- [inaudible] knowing it's a problem, doesn't want any help. stuart: can you, wait a second. can you see a standoff, a physical if fight between fedsif state authorities? i mean, that could happen, couldn't it? >> it could, varney. right now i don't know any more. i hope it doesn't get to that point, but it's very frustrating that we got here. and in the end, this administration not only has to -- [inaudible] they just need to change the policies. it doesn't have to come to this. policies alone can stop the invasion that's happening at the southern border, you know, with the -- [audio difficulty] why won't they just change the policies? it's as simple as detaining individuals that are coming across, making them -- before they release them. that's all they have to do.
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that alone drops the numbers. it should not and does not need to go this far because this administration is just refusing to do the right thing. stuart: i want to move this forward. some democrats are calling on on the president to federalize the texas national guard. in other words, put the texas national guard, state authority, urn federal authority. under federal if authority. can you imagine that taking place? i can. and i can actually imagine texas national guard people saying, no, no, no, we're not going to cut the wire even though we're working for the feds. this is all possibly playing out. >> no, it is. and all the while we need to realize who is it that's benefiting from this? it's the drug car pells -- cartels. while all of this is going on, there's drug can cartels continuously bringing drugs and more individuals throughout other areas of the southern border. so -- [audio difficulty] the drug cartels. the criminals are the only ones that are gaining out of this. stuart: don't like the way it's going.
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i can see a clash coming any moment. art del cueto, thank you very much for joining us. very important subject and day. appreciate it, always. >> thank you. stuart: how about this? missouri senator josh hawley sounding the alarm on last year's migrant numbers. what are the numbers? lauren: the congressional budget office said there were more than 860,000 gotaways last year. that number was increased. so the senator from missouri, josh hawley, in a letter to the secretary of homeland security, mayorkas, put that in per e spect if i. he says those gotaways outnumber the combined populations of kansas city and st. louis, the two largest cities in missouri. at the very least, you owe the american people full transparency into what your department knows abouting legal immigrants who have entered our nation without being stopped or tracked. why are they here? what are their intentionses? what are they doing? that 860,000 is on top of the near 2.5 million migrants that we knew about that came in last year. so over in the house not being
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talked about this, mike johnson says the next step, holding mayorkas accountable as the house works to advance the articles of impeachment. stuart: okay. get on with it. you move him and nothing happens, because the same old flow keeps going. lauren: but at least it's an acknowledgment that a there are no policies that are working down there, expect border is wide open. someone needs to be held accountable. stuart: okay. it is a disaster. >> by the way, the 8550,000 gotaways, 10 times more than the number of people, 855,000, allowed through -- 85,000 on h-1b visas, the smart ones, the accountants, the doctors, the scientists. we eliminate the is that right people, we let everybody else in. the biden administrations has got it so wrong. stuart: you're right on all counts. check futureses, i see green. getting better too. up 90 on the dow, up 96 on the nasdaq. the rally continues. the opening bell is next. ♪ you want to know if he loves you so -- ♪ it's in his kiss, that's where
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have a modest rally at the opening bell. 3.3% expansion for the economy in the fourth quarter. investors seem to like it. ray wang with us today. you cover tesla, and it's down really big this morning after musk warden of slower growth. this is a huge -- warned of slower growth. would you why buy the dip? short answer is, yes. >> >> we're in the third inning of a nine-ingleing9 ballot. inning battle. tesla won the price war what's going on interesting in the fourth inning is really competition with byd and the korean ev makers. that's where the next bat withing's going to hit. -- battle's going to hit. but tesla, it's not just a it can company, it's actually an a.i. and robotics company. and what we're seeing in automation, cost cutting and robotics is out of this world. that's where the advancements are, and, obvious, the energy business with. stuart: here's my point about tesla and electric vehicles, tesla has no, nothing to fall back on. it doesn't produce
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gasoline-powered cars. so when electrics are not that popular, they can't fall back on gasoline power whereas qm ford and the others can do that -- gm. isn't that a problem for the stock? >> it's a great point, right? they're purely an everythinger v maker, but they're also in the energy business and the e solar business, and that actually holds them the up as well. and, of course, the large accounts -- contracts for energy management for battery stores and large solar farm arrays. they do are that to fall back on and some of the other businesses that are built off the car as a platform. stuart: how long do you think we have to wait for a significant bounce in tesla's stock? >> i think there's going to be about 18-24 months. why? because the model 2 isn't out yet e. they're going to make the announcement sometime soon. cyber trickle sales are going to layer in in the next year, but it's got complex if manufacturing problems that are hadding it back. in the hong run are, there's not as much competition as there was in the space before.
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automakers' cost structures are higher, and they're in negative margins. they've won the price war, but they've got to figure how to scale out. stuart: i'd rather put my money to work in something else. so last question, only got 30 seconds, what's your favorite stock among the magnificent seven? >> well, in this case, put it into amazon. we actually believe amazon's on a run are. they put -- they had $200 billion of cap-x improvements that they've been investing, they took out free cash flow. they're done with that the investment cycle. the automation's in the warehouses. you're seeing the businesses and ads growing like crazy, the third largest ad player in the market and p of course, a lot of businesses. stuart: that's interesting. amazon is your pick. of we'll see where that thing goes, okay. they're ringing the bell. in just a few seconds' time this market will be open on this thursday morning, january the 25th. we're open, off we go. 60 points on the dow, that's all
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we've got. oh, look, there's a lot of buying. there's a lot of green on that dow 30 screen, and it's now up 622 points. getting back to 27,8 or 900. there you are. the s&p 500 opening higher, of course, on a day like this, one-third of 1%, 17 points. look at the dow 30, there's only 3 losers out of the 30 stocks. the nasdaq composite, i'm pretty sure that's up as well because tech's doing well, up .43%, 15,550. okay, here's big tech. amazon and meta are down. alphabet, apple and microsoft are up. look at microsoft, $404 a share. lauren finish. lauren: yep. stuart: you know i'm eye smiling, obviously. microsoft is up again today. lauren it's the second company ever worth that much money after apple. and its value, i mean, it's bigger than the gdp of france. i mean, that's how big microsoft is. stuart: it is? if. lauren: yes. it seems that they were announce
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a new a.i. product every week. i really think they were every single week, and then they were attaching a price tag, $20, $30, what they were going to charge. so morgan stanley says microsoft's play for a.i. is getting strong, not diluting, getting stronger. they say the stock is going to 450. citi yesterday, 470. moth is so big, it's over 7% of the s&p 500. stuart: and it's a valuation bigger than the gdp of france. lauren: yes. stuart: that's a telling statistic. >> well done. stuart: show me ibm, please. show me old tech. way up this morning, a 7% gain. that's a.e., isn't it -- a.i.? lauren: yeah. and the wriewnt that houses the a.i. hips, their revenue grew 8%. it's also a services provider, right? consulting. it says companies are spending more on technology as they adopt and informs in artificial -- invest in artificial intelligence. it raised its full-year revenue if forecast, stocks human 7%,
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and this is the double-edged sword of a.i., oh, we could see job cuts being in the low single digits this years at our own company because we are adopting a.i., which is make us be more nimble and do more stuff faster. stuart: job cuts in technology companies because of a.i. lauren: ironic, isn't it? >> robot took my job. stuart: yes, it really did. a couple of airlines reported before the bell. start with american. lauren: up they go, up 6%. so strong demand for international travel. one big reason is the dollar is strong, so your buck goes further when you go overseas. they also are reducing their debt, trying to hit their goal of cutting $15 billion of their debt load by next year. southwest, up 4%. i mean, the bar was low, remember? christmas, 2022, 17,000 flights were canceled. so, i mean, basically they only had one way to go, which was up. still reported a net loss. , expenses are hurting hem. they took a $426 million hit for the bonuses that they're paying
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out to their pilots. but the good news is their operating revenue was stronger because more people are flying. stuart: just $14 a share on american airlines, that's all you've got. not great. let's move on to boeing, shall we? i don't know whether they're up, down or sideways, down to 205 -- lauren: and they're a dow stock. stuart: more bad news, right? lauren: they have to freeze if production of their max meaning they cannot increase their production which is about 30 jets a month. the faa says it is not back to buzz as usual after the door plug blew out on one of their flights earlier this month. this is unprecedented intervention by the faa, and it has no timeline. the faa isn't saying, well, in a few months you can increase your production. they're not saying that. what they are saying is they have approved the inspection instructions for the max 9. so the airlines know, okay, after we've done all this, we're good to get this max 99 jet
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flying again -- max 9. i can give you two days. tomorrow alaska says the 9 can return to the air, and united says on sunday the same thing. would you get on the max 9 finish. stuart: oh, sure. i have no problem. >> yeah. i would get on it. i think you both know, i own boeing, and it's been a sr. hard ride. but i think this is the time you buy a stock the like boeing. stuart: you're going to wait for an eternity for that thing to bounce back finish. >> okay. it's a $200 stock that used to trade at $450. stuart: that's where i bought it. lauren: a plane fell apart in the sky,ing and the airlines are saying there are more loose bolts on other jets. you wouldn't just wait for all of this to settle? >> i think that's a maintenance issue at the airlines as much as a it is a production issue for boeing. so i think there are a lot of parties that need to be on the same page here. stuart: i'd get on a flight in the middle of a thunderstorm and a hurricane. i would do that. i just want to get there. >> get me there. stuart: humana, health insurer.
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way down. what's e the problem? in. lauren: okay. they're warning about very high medical costs s. and now they're saying they're not going to be able to achieve earlier profit or fore californias because of the expenses that are coming in -- forecasts. and they kind of say this could become a permanent problem not just for them, for the entire industry. i mean, united said the same thing i think it was last week. older americans in particular are, you know, after covid you didn't can get elective surgery, and now people are again. stuart: it's that time when we turn to ad adal am johnson for his stock picks, and start out with a stock that i own. thin sliver, it's up today. >> well, great minds think alike. blackstone is a wonderful company. it's the world's largest private equity firm. an amazing operation founded by steve schwarzman. is and what's exciting about blackstone is as rates come down, it makes moving money much easier for blackstone. first to debt financing, two, to
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sell their -- unwind their holdings, right? because of their buyer,. and the other thing i think the important the market's starting to price in a trump victory. stuart: really? >> yeah. what a trump white house would mean for not only the economy, but the stock market and less regulation. so for all those reasons, i think blackstone looks very good here. stuart: well done, son. qualcomm. >> yeah. here's another one. and this is a stock that a got hammered, got cut in half, and it's on its way back. i own it. still trades very cheap, call it 10 or 11 times earnings. as i think our viewers know, this is the company that makes the antenna and the modem for all of the apple iphones. apple has said we are committed to you, qualcomm. that had been in question for a while. i think we've seen the bottom of the cycle in smartphone sales, and if you remember from yesterday, asml increased new order guy dance by 300%, the company that makes the machines that make semiconductors.
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that's all about a.i. as a.i. becomes the dominant theme of this year, you need more semis and companies like qualcomm. stuart: got it. thank you very much, adam. coming up, don't forget to send your friday feedback n. i can take the good, the bad and the ugly, mostly. e-mail varneyviewersfox.com. vice president harris fiercely defended president biden over concerns he's too old to run againful roll tape. >> i spend a lot of time with joe biden. this is someone who is tireless in terms of working on bethat half of the american people. -- behalf of the american people. this whole issue that they are raising about his age is again because they've got nothing to run on. stuart: so the president is tireless? if well, we'll question that. and there's this, ohio banned gender-affirming care for minors and restricted transgender athletes from participating in became's sports -- women's sports. sounds hike a big win for women's sports. we have a tar on our show, riva.
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riley gaines will walk towards the set. she's doing it right now. she's our guest this morning, and we're delighted to see her. morning, riley. ♪ this girl is on fire ♪ a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. there are some things that work better together.
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stuart: ohio has banned gender-affirming care for minors and restricted transgender athletes from participating in women's sports. ohio's senate was able to override governor mike dewine's veto of that bill. riley gaines with us now. that is surely a big win for women's sports. >> it is. it's a huge win. a few weeks back governor dewine veto thed this piece of legislation despite initially getting through i in both the house and the senate, but now both the house and the senate have is overridden his veto. so governor dewine, a are republican governor, joins the long list of democratic governors who have vetoed this. so i think that's incredibly telling on his part. but honestly, i think it opened
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the eyes of a lot of ohioans. stuart: it's not easy to override a governor's veto, and that's a fact. now this one, you, along with other conservatives, are offering to pay for any women who boy with cot and will not tee off against the transgender golfer haley davidson. now, riley, is that legit, paying people to boycott teague off with a trans-- teeing off with a trans if golf orer? >> it is legit. ivan talked to so many of these girls, and every single one of them who's had to compete against this male, they tell me, riley, i can't not compete because i have sponsorships and endorsements and this is my job. if i don't do this, i don't have income. so we have to incentivize not participating in the farce. so myself along with seth dill long now clay travis, megyn kelly, we've kind of decided, hey, we'll pitch in to this. you guys shouldn't have to be scared. and i think if we created some
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sort of gofundme not actually using gofundme because they have pretty terrible policies, but some sort of crowd funding effort, i think we could raise the money easily. stuart: but you really have to change the rules to get at the heart of this thing. >> but that's how you do it. if these girls boycott, it sends a powerful and effective message that we, as women, as female athletes, we're say, no. enough is enough. we're roming up our sleeve. that's how with we do this. >> they would take the money and just not show up at the golf course? >> yeah. and i pledge this for any sport. any woman who concedes a match that they're playing against a man and they lose out on prize money, i will happily pay that fee, whatever that the looks like in any sport because, again, that's how we stop this. you stop participating. and i know it's easier said than done because when i was faced with this, the i competed. i competed against leah thomas. i didn't have to have to sacrifices all the work i'd put in.
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stuart: you've got a new book out. happy no snakes day. [laughter] now, what does this have to do with trans in sports competing women? >> it's pretty incredible. it is published by brave books who is an alternative the company to something like scholastic who are released these books about virtues and being pro-god and pro-america which is something our kids are lacking. and so my if book, happy no snakes day, is about standing up for the truth regardless of the backlash and the fear and the consequences of what it might bring. which is a message that kids need to hear, of course, in a way that is not politicized. this is just a very virtuous book. and even, if they go to brave books.com and sign up for the book club of concern can -- club of the month, you can get my book for free. stuart: bethny hamilton, she's a woman athlete, and you've got got an event with her, i think, in missouri next week. >> that's right. stuart: tell me again, what does
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she do? >> she's another brave books author, but a lot of people know bethany hamilton by the movie soul surfer. she lost her arm in shark attack, i believe back in 2014, and she has taken a brave stance in saying the very basic thing that we all know, that men and women are different and men should not be in women's sports. so we have an event in missouri, a story hour at a library where we will be reading our books. super exciting stuff. stuart: happy no snakes day. intriguing title. [laughter] riley, thanks for joining us. always a pleasure. >> thank you, stuart. thank you, guys. stuart: hillary clinton getting ripped on social media for her post about the barbie movie. wait a minute, what did she say and why should i care? lauren: barbie was the highest grossing movie of last year, and it received eight nominations but not for best director, greta gerwig with, or best actress, which was ma go robbie. you need to know that, because
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this is what hillary wrote. while it can sting to win the box office but not take home the gold, your millions of fans love you. you're both so much more than that keno. hillary won the popular vote but lost the election eight years ago. let it go. look, she's trying to be funny, staying relevant and i get that, but it's been eight years. stuart: i just don't care about all of this. what do you think about this? hillary always makes everything about herself. >> well, yes, you're right. because that's what narcissists do. they make it all about themselves. and and hillary clinton is a narcissist. stuart: you realize you cannot be on tv without being a narcissist, you do know that, tonight you? [laughter] >> well, then, maybe it takes one to know one, okay? because i'm sitting on tv. honestly, yeah, as you said, why won't he just go away?
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does she really think that, you know, if biden can't run that now they're going to call her back from the minor leagues, you know? lauren: maybe she feels responsible. stuart: maybe. i just want to tell you, it was narcissists who fell in love with his own image looking into a poll, the are reflection. that's what narcissism is all about. i just thought i'd educate you. >> yeah. stuart: thanks, adam. speaking of hillary clinton, president biden's new lu e appointed campaign chair previously called remany palin -- republicans a bunch of f-ers. jon levine will respond to that. maybe it's because president biden's showing his anal, maybe it's -- his age, whatever the reason, kamala harris is out in public a lot more these days. she's not doing well. that's my take coming up, top of the hour. ♪ ♪
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company. lydia hu's with me now. why did u.s. steel accept a smaller offer from a foreign company? >> reporter: well, it turns out that board with members may have been concerned about antitrust issues. we're learning about this from a new regulatory filing that shows us they were concerned antitrust regulators would possibly block the sale of u.s. steel to the american company cleveland cliffs. this filing says that if u.s. steel and cleveland cliffs had merged, 95% of u.s. iron ore production would be under the control then of a single company. and as we know, the biden administration has recently blocked mergers in the airlines and has launched investigations into proposed mergers in food chains. there's also increased scrutiny of big business. google, apple, you name the others. some say now it's not surprising that u.s. steel's board members weighed antitrust concerns. watch here. >> we have a biden administration that increasingly is abusing antitrust law in order to get the business outcomes they want with rather
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than doing what antitrust law i is supposed to do. i have no doubt that the board of directors is, indeed, concerned about potential antitrust implications of selling to a variety of different competitors. >> reporter: so the result, now we know, u.s. steel decided to sell to a swap news-based company -- japanese-based instead. this transaction raises concerns from lawmakers about national security and what it means for the tush of the -- the future of the american steel industry. nipon steel wrote that it pledges u.s. steel will keep its name, it's going to stay in pittsburgh with. but still, stuart, critics say this is an example of the consequences of president biden's policies to go after big business under the guise of antitrust concerns. now we see companies looking outside of the u.s. for more opportunities. stuart: lydia, thank you very much, indeed. adam johnson, this administration seems to think that big is really bad. >> yeah. stuart: negative results. >> well, what we're seeing is
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regulation run amok in the biden administration. and one of the reasons i think markets are up today and are going to continue to go up is that markets are starting to price in what a trump win might look like. and one of the aspects of a trump win is less regulation. and i am certainly of the view that a smaller government is better government. i'm certainly supportive of that. stuart: i'm with you on that one too. thanks for joining us for the hour. >> thank you, stuart. stuart: is it time for nikki haley to drop out of the race? i'll ask ben domenech. biden was interrupted for the second time in two days, democrat protest testers going after a democrat president. that is a split. jon levine on that. and new reports claim marijuana is more dangerous than we with thought. have we opened a new pandora's box with legalizationsome i've got to get kennedy's thoughts on that, and i will, because she's on the show. the 10:00 hour is next. ♪ my heart's a stereo. ♪ it beats for you, so listen close. ♪ hear my thoughts every in every note ♪
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