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tv   Varney Company  FOX Business  January 30, 2024 9:00am-10:00am EST

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morn manager. are you ready for some football? it is two weeks until if kickoff for the super bowl and ticket prices are skyrocketing. seatgeek has ticket prices averaging more than $12,000. the cheepest -- cheapest going for over 9,000. cheryl, i know your cowboy withs are not there, so you're not going to pay. [laughter] >> not paying up, but i'm going to watch. this is going to be a great game. and nobody's happier than cbs right now p. people are going to watch, it's going to be fun. maria: high prices, brenda. >> maria, i hope paul's not watching -- powell's knotts warning these data points. selfishly, though, i hope people will spend their money on this, and i plan to go to -- [inaudible] at the end of the year -- maria: thank you. brenda. and, cheryl, great to see you. "varney & company" picks it up. stu, take it away. stuart: good morning, maria. good morning, everyone. the world waits for president biden's response to the attacks
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that killed three american soldiers. the white house says america will respond, quote, in i our time, end quote. this is a dilemma for the prime minister how can the attacks be stopped without starting a full scale war in r.n.? -- iran? if the world is also waiting for big tech's financial reports. these are corporate giants with enormous clout in the markets. two big with names, google and microsoft, heavy been headed higher in advance of the numbers. the market or little changed despite the threat of a wider war, the dow down about aing -- 80, nasdaq down about 45 points. bitcoin at $43,000 and change, the 10-year treasury yielding just over 4%. 4.05 right now p. the 2-year just above 4.25, it's at 4.30, to be precise. oil, little changed, again, despite the threat of a wider war. oil's holding at $76 a barrel. politics. house republicans are poised to approve impeachment charges
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against alejandro mayorkas. they say he has refused to uphold the law. on the show today the, elon musk claims a breakthrough for his neuralink start-up. the company has successfully implanted one of its wireless brain chips. the human who received the implant is recovering well. and there are the reports that the biden campaign has reached out to taylor swift asking for her endorsement. we cover it all. tuesday, january the 30th, 2024, "varney & company" is about to begin. ♪ ♪ stuart: all right. we'll start this morning with the latest on the attacks against our troops in the mideast. the pentagon has released the names of the soldiers killed in jordan sunday. lauren: sergeant william jerome river, specialist kennedy sanders, 24 years old. specialist bre january that alexandra moffett, 23. all from georgia.
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they died when a drone hit their sleeping quarters, and there was no warning signal. here's kennedy's mother from earlier this morning. >> as a grieving parent, i would not want to see any other parent go through what we're going through right now. but given the circumstances, our child and the others who lost their lives are considered heroes in this situation. however, the president of the united states decides to respond, it won't change our situation at all. lauren: yeah. it won't change their situation at all. and, obviously, the next question is what does this biden response and look like? if you know, his administration as has emphasized deliberation, but the fear of escalation of a wider war is very real, and it's moreoverred into appeasement which has -- morphed into amuse peezment. stuart: that's where we are now p. president biden is under pressure to take action on iran.
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guy benson joins us,. guy, once again, iran is playing a huge role in our presidential election. it's just like jimmy carter in the 1970s. will it be biden's down farc do you think, iran? >> it depends where things go from here. if there's a sense months from now that iran is still on the march and challenging us and provoking us and killing americans and we're not doing anything sufficient about it to stop it, i think a lot of voters will take notice. they're already taking notice of the chaos around the globe. stuart, i saw yesterday john kirby at the white house made a point, he was sort of analyzing the situation, and he said iran has made a calculation that these attacks are worth it and won't come at a steep enough price. his point was that's not true, we're going to respond many time here in a significant way. but an observation i have to make is there's a reason iran is making that calculation. it's not coming out of nowhere, it's because of months of basically inaction, pinpricks, hand slaps after escalating attacks against our people, more
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than 150 of them. now we have 3 americans dead, and there are adversaries and hostile force across the world making calculations during this presidency in russia, in afghanistan and elsewhere. and and if you have to wonder what the chinese are thinking as they watch all of this. it's a dangers time when america's looking weak. stuart: do you think that biden has, indeed, tried to appease iran and that policy is now unraveling? >> i think that he has continued the obama policy of doing everything they can to bend over backward to bring iran into the fold. and i think it was a very misguided approach during obama. i think it's been done even less successfully under biden, and sometimes you just have to wonder how many rakes are to be stepped on until you realize that iran isn't going to play this game the way we want them to and, in fact, they want our people dead and they sic their dogs on us across the world. the escalation has been theirs.
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stuart: but this has been boeing on for 40 years -- going on for 40 years, since the mull thats, basically, ended the presidency of jimmy carter. why take -- why didn't we see this? why couldn't we anticipate this? if why do we bend over backwards in favor of iran all the way from the obama administration all the way through this one? if why? >> yeah. i think a lot of people did anticipate this, is what is so galling and frustrating about this most recent now dead lu attack. you can make an argument, stu, from the beginning of the obama years, okay, this has been our a approach to iran forever since the mullahs took over, since the revolution. let's maybe try something different. let's try to negotiate something on a nuclear deal. at at some point iran has to say effectively, no. they can speak one thing and then act another way. when they act that way over and over and over again, it becomes folly, it becomes dangerous to keep sticking to the political game plan that you have laid out because obviously it is not working.
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finish. stuart: the president is spending this day attending two campaign fundraisers in florida. that doesn't have a good look to it, does it? >> i think the optics are questionable. you've got these americans dead. you come out and mutter about some sort of a response on our timeline, and then you go raise money for your political campaign. look, i think ultimately by the end of the week we might have a better sense of what the administration response is. wherever the president is, wherever the commander in chief is up to, the, he can authorize something, and it needs to be something significant. all the military people i've spoken to in the last few days use this phrase escalate to deescalate. so far with iran under biden it's been des class to deescalate to deescalate while they escalate. that needs to change, and we'll see no matter what he's up to, whatever the appearance ifs might be politically, what he actually orders as the commander in chief of this military, it has to be something much more than, quote-unquote, a
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proportional response, i would say. stuart: got it. guy men beson is, thanks for being with us -- guy benson. >> thank you. stuart: this is tuesday morning. i see some red on the markets. not that much trading activity. you've got some big earnings reports out at 4:00 eastern this afternoon. that's when they market the trading pace pay ming a lit been pick up a little bit there. donald trump is taking credit for the market rally. he says my polls are so good that investors are predicting that i will win, and that will driven the market up. david bahnsen is with me, and he's itching to have a go at that. what do you say? >> well, i just want to be as nonpartisan or bipartisan as a i can be here, because it's the historic accurate reality. president trump is right to be spinning it from a campaign standpoint but, of course, it isn't rooted to reality are. stocks really move because of corporate profits. exxon and chevron's profits are up huge in the biden administration. does anyone believe that's because of president biden?
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i don't think so. amazon and apple had record profits when president trump was president. profits drive stocks. our national idolatry of politics causes us to say that the president controls the stock market, the economy, apparently sometimes the super bowl. so it just isn't true. and it's okay. everybody does it. but i just think we have to stop giving the president all the credit and all the blame. stuart: so it's not the policy of trump or biden that's moving the market, it's just the politics of it. >> the policies have an impact, but they are -- they impact profits, but the fed is a much bigger factor. sentiment in the economy is a big factor. but there's just too many facts over history that move stocks up or down that are the unrelated to public policy. stuart: if biden won a second term, what would the market do? >> it would depend if what would happen in the house expect senate. if biden wins the presidency9 and the republicans took over the senate, then i think the market likes grid lock.
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if the, in 2020 biden won the presidency and the democrat doctors won the senate, markets were concerned, but it was still a moderate enough senate with manchin and sinema, or they weren't able to get some of their extreme stuff done. so the nuances matter here, stuart. stuart: if trump wins in november and the republicans take the senate senate, what does the market do? >> then i would hi you'd have a good rally around small business optimism. i think that president trump's focus on deregulation and pro-energy is good for small business. he's going to threaten big tariffs and things, and the market's going to have to wonder how that a play ifs out. but i actually think a lot of the tariffs he threatens wouldn't really happen, he uses them as a negotiating ploy. so we'll see how that plays out. david: david -- stuart: david, stay there, please. we have the case e shiller home numbers. these numbers are two months old, from november of last year. lauren: prices rose 455.4% -- 5.4% in 20 large cities that are
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tracked. that was the biggest jump in 20 year -- two years. 20 cities reported higher price except for one, portland, oregon. prices fell there not even 1%. prices rose the most in detroit, over 8%, and in san diego up 8. san diego surprised me. >> a huge caveat. these are price off of almost no volume. nothing sold. so even though those are the reported prices, transactions are so down, it's really distorted. stuart: thank you, david. thank you, lauren. here's what we have coming up. jay leno making some changes to his come key shows. watch this -- comedy shows. watch this. >> i just stopped doing politics in my act altogether because, you know, when i did "the tonight show," the idea was to make fun of both sides equally. now you've got to take a side, and i find what i start to tell political joke, they want to know the punchline before -- stuart: he went on to say you either adapt to the times or or die. exceed if january jimmy failla is here on that a little later
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in the show. the white house says there are no remarks scheduled from the president to address the deaths and attacks on our soldiers, but what is on his schedule? he's going to grab some campaign cash. we've got the full story for you after this. ♪ ♪ you know, when i take the bike out like this, all my stresses just melt away. i hear that. this bad boy can fix anything. yep, tough day at work, nice cruise will sort you right out. when i'm riding, i'm not even thinking about my painful cavity. well, you shouldn't ignore that. and every time i get stressed about having to pay my bills, i just hop on the bike, man. oh, come on, man, you got to pay your bills. you don't have to worry about anything when you're protected by america's number-one motorcycle insurer. well, you definitely do. those things aren't related, so... ah, yee! oh, that is a vibrating pain. we're here with chris counahan
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stuart: president biden promised to respond after three soldiers were killed in the mideast sunday. mark meredith at the white house. mark, are we going to hear anything more from the president on the attack? >> reporter: that's a great question. the president's going to be leaving for florida within the
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hour, so we'll see if he makes comments as he is heading out of town. good morning to you. the white house insists the president has a range of options for responding to this attack which, as you know, killed three u.s. service members. his national security team, heavy been all over the airwaves in the past 24 hours vowing to say this is a matter of when, not if, the u.s. is going to respond. >> we do not seek another war, we do not seek to escalate, but we will absolutely do what is required to protect ourselves, to continue that mission and to respond appropriately to these attacks. >> reporter: reporters did not see the president on monday, the white house put out this poe toe of him getting an update from his security team in the situation room. what was more striking was what we heard from the secretary of state, anthony blinken. he had this dire warning on monday. >> look, first, i think it's very important to note that this is an incredibly volatiling time in the middle east.
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i would argue that we have not seen a situation as dangerous as the one we're facing now across the region since at least 1973. and arguably even before that the. >> reporter: so that's the administration's point of view. we're also hearing from lawmakers up on the hill who are demanding an immediate and forceful response to not only those who carried out the attack, but iran altogether. south carolina senator lindsey graham saying, quote, or i'm calling on the administration to strike targets of significance inside iran not only as a reprisal for the killing of our forces, but as a deterrence against future aggression. other republicans also say this is not a decision solely up to the commander in chief. utah republican mike lee post: there is no iran is bad exception to the constitution. he says if we're going to war, congress must declare it. so an indication here that congress wants its say before moving forward from the administration even though we're likely to see a response, stu is, sooner rather than later.
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i mentioned he's going to florida, stu, he's going to campaign fundraisers. there will not be cameras inside the room, but there can be press that can -- will be press that can take note, so we may get an idea in a few hours. stuart: president biden wrote on x the u.s. will respond, quote, at a time and in a manner of our choosing, end quote. retired lieutenant colonel james carafano joins me now. there's been more than 160 attacks on our troops in the mideast. we could see this coming. why wasn't there a plan in place to deal with it? >> well, that's a good -- [laughter] i mean, that's a good question. and and that,s one of the things we've seen actually is there was no plan response to the don't. so this was, we just told them to knock if it off and nots calculate and do things that might kill american, and and they did it anyway. and then the first thing we get is a strategic pause while we think through how to respond.
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so the problem is not if or when, the problem is what. and there's two things that people really kind of get wrong. one is they think they have myopic choices between kind of do nothing or we have to go start bombing iran and starting war. that's the completely wrong way to think about it. there are things you can do, but this is the most important thing, and anybody in business would understand this. you have to hold at risk the thing the other guy really valued. -- values. that's what gets their attention. so if we just obliterate a bunch of surrogates, and i'm all for that -- they deserve to die, because they were attacking americans -- iran will just buy other surrogates. contrast this with the killing of soleimani. soleimani was a key member of the regime. he was outside the country. he was act actively planning the death of americans, and everybody said, well, you can't kill this guy, he's untouchable. and trump killed him. and the iranians got the
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message. we will go after people in your regime leadership. and then they backed off. and the problem with the biden administration if is, and you hear in -- this in the terminology, we don't want to escalate, we don't want this to spin out of control. the only thing is somehow we want to figure out a way to accommodate the iranians and just get them to be reasonable, and has just not going to work. so their notion is they want to get back to a policy that demonstrably hasn't worked since the first day they were in office. stuart: in your opinion, what should we attack? should we take out the leadership in tehran? if a mullah or two? >> well, you just said the wrong word, you said what should we attack, right? so we frame this as as some kind of symmetrical response. they kill people, we kill people. what do do the things -- what has really made the iranian regime powerful, and it's the hundred plus billions of dollars that we flooded into the economy. it's the notion that we've let them know that all their key
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people and their kind of -- they're kind of insulated from all of this. we've got to bring the thing to the iranian regime. we can debate what's the way to do this, but you have to go after the things the regime fear. and, look, i think we have to be brutally honest here. no president of the united states is going to start a war with iran. it's just not going to happen. we are not into preemptive, proabout i wars. biden's not going to do it. if a republican's elected, they're not going to do it. the iranians know that, we know that. does that mean we cannot do anything to really hurt the rai? remember, we were the ones that put them in the game. we funneled them over $100billion. we gave all the signals that we were going to be equivocal on israel, let the houthis do whatever they want. we started this. we have to unwind all this. the problem -- here's the number one thing, the problem is not in tehran. they're acting like they've always acted. the problem is many washington. the problem is here. the problem isn't there.
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stuart: james carafano, you make a lot of sense. thanks very much for being on the show today. ed hope to see you again real soon. >> thank you, my friend. stuart: msnb if c's joy reid may be fed up with president biden. that's interesting. what did she say? lauren: she was caught on a a hot mic during her show dropping a curse or word when she was tossing to a clip of president biden when he was in south carolina a few days ago talking about a senate border deal plan. watch here. >> over the weekend president biden said he's ready to take action if congress is serious about solving the border issue. >> if that bill were the law today, i'd shut down the border right now and fix it quickly. and congress needs to get it done. >> starting another [bleep] war. lauren: yeah. exactly. not sure what she was referring to exactly. it was out of context for the sound bite that she was talking to, but she was laughing, you know, and she later apologized to viewers. so maybe there is some frustration with how this
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president's doing among the people that like him the most. stuart: speak. >> she's a media professional. i'm just a finance guy, and even i know to keep my mouth shut when the microphone -- no matter what, i just assume someone's hearing something. lauren: yes. stuart: we all make mistakes. lauren: we do here also. [laughter] stuart: we're seeing just a little bit of red ink. even's waiting for big tech results after today. the opening bell though, that's next. ♪ stop dragging my, top dragging my -- ♪ stop dragging my heart around ♪ you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative
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stuart: okay, it is tuesday morning, all day, i believe. it is tuesday, isn't it? if that's correct. lauren: you're confusing me now. stuart: we're all waiting for the big microsoft and google results this afternoon. in the meantime, the market is down just a little. eddie ghabour with me right now. eddie, you say that apple is the weakest link amongst all these big tech names. why? what's the problem? >> so apple obviously is a great company with a great balance sheet, but i think what investors are going if to be looking for as these magnificent seven report earnings is what the future growth looks like. my biggest concern with apple is
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their exposure to china. china accounts for about 20% of their revenue, and right now china's having some real problems economically. their trying to really stimulate their economy, but put a backstop to what's happening with their stock market, and it's not working. and with the new product the vision pro, that price point at $3500, when you're depending on 20% coming from china when they're in a version, i think that's a tough -- a recession, i think that's a tough pill to swallow. it's a story of lack of growth. and as they report earning, one thing we need to pay close attention to is their guy, dance moving forward because their last earnings report showed revenue ifs decelerating year-over-year. to mentioner i'd rather be in other names like one of your favorites that has higher potential for growth. stuart: you're talking about microsoft, i know you are, sir. you you don't have to hide it. i'm quite open about this. >> yes, sir. stuart: microsoft and meta have both had a nice runup before we get numbers. what worries me is you get the
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numbers, and they get the rug pulled from underneath you regardless of what's actually in the report. you might see that this afternoon. >> yeah, absolutely. and, look, when you've had a runup like this, the right, there's nothing wrong with taking money off the a table tactically, taking some gains and buying back in because we know these names don't go straight up. you're right, it may be a sell the news event, and i think what you'll see especially in these big tech names if they continue acceleration like microsoft has, those dips will get bought here in the near term for investors. but to your point, taking profits is a good thing especially after quite a big run we've had since the october lows. stuart: just paying the capital gains tax that i don't really like, but of course you've got until april of 2025 to pay up. eddie, thanks for joining us. see you again soon. five seconds to the opening of this market, and we'll count you down. here we go, 3, 2, 1, it's open. we've opened lower but not a huge loss by any means.
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the dow's a off 34 points at 38,299 4. two-thursday of the dow 30 are down. the s&p 500 also opening just a little bit lower, down 3 points. that's it. hardly anything. and the nasdaq composite, again, down just a fraction. .13%. 15,600. have a look at big tech, please. this is where the action is this week for many of us. meta and microsoft both -- excuse me, i'm sorry -- are both up. amazon, apple and alphabet are down. apple's back to 191. lauren: should be new highs for meta and movement yeah, new highs. stuart: that's right. that's where we are. several earnings reports out this morning including general motors. what have we got? lauren the stock is up 8.5% because management is upbeat for 2024 after saying, and this surprised me, that their net income rose 5 percent in the last quarter. of the uaw strike, all the a red ink at their robo taxi two
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division and a billion plus write-down for their ev battery sales, yet net income rose more than 5%. the stock is up now almost 10%. stuart: who would have thought, general motor, a 10% gain just like that. jetblue, i know they reported this morning. lauren: yeah. the stock price is down by a 5.5%. look, the story here is that the economy is softening. domestic demand is softening for some of the airlines. where is their profit? not profitable. reported a loss, looking to cut costs and now they expect first quarter revenue to fall by 9%. stuart: ouch. you got a comment on that? >> i sure do. other reporting it's up, i think it's very interesting in the airline business how things are bad when the economy's good and things are bad when the economy's bad. this is the worst sector i've ever seen to invest in, airlines. lauren: american airlines is cutting jobs, people who rebook your flights and help you find
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lost luggage. >> what could go wrong? if. [laughter] stuart: then we have pfizer. they reported earlier. lauren: look at that, surprise. quarterly profit on demand for, i'm going to emphasize this, demand for covid vaccines and and treatments, bigger than they expected. not saying the numbers were great, but they were guiding pretty low, and it surprised. stuart: yes -- >> you realize what surpriser concern -- pfizer's stock was in 1998? if it was $28. i just want to congratulate thes said at the height of covid,tize orer was alls pretty static. stuart stouter it was, that's right that. you're sarcastic today, i can tell. ups. i saw a report earlier that this they were cropping 12,000 jobs. -- dropping 12,000 the jobs. that's9 accurate, right? lauren: i have not seen that. i will check. it is accurate? it's accurate. thank you. as you know, they lost business in their negotiations with the teamsters over the summer. they lost market share. quarterly revenue missed again for the sixth consecutive
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quarter. heir now guiding down for the year. volumes fell more than 7 here in the u.s., and their international shipping volumes fell as well. it's a bellwether for the economic, for the overall economy. they're taking fedex down -- stuart: okay. >> the teamsters' union got raises for people, and then 12,000 people lose their job and that's good for labor? if i mean, i just -- stuart: it's a contradiction. there you go. and then we have whirlpool, these are the -- lauren: appliances. stuart: appliance if people. lauren: increased competition from cheaper appliances. that's the story. where do they come from? they're chinese brands. so whirlpool says sales this year are going to the fall, and they might actually come in almost $1 billion less than anticipated. finish. stuart: google and microsoft. they report after the belled today. start with microsoft. what are you expecting? lauren: them to be a leader and set the pace for a.i. for the rest of the industry.
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$6billion in revenue -- 61 billion in revenue, is the expectation. best in just about two years. how big is close? their as your -- azure enables a.i. it is expected to grow at almost a 28% rate. if they come in at 25, wall street is very demanding, and they might sell the stock. >> i don't think wall street's demanding, i think the stock price is at 39 times earnings and 38 times forward earnings. so it's the math of the val base that -- valuation that if they don't have a bigger number than the astrothe mom if call expected, the stock has to sell off because of how expensive -- stuart: you're not interested in big tech stocks d. >> i'm not interested in stocks trading 40 times future earnings. that's my personal if opinion. stuart: alphabet. their a.i. operation is called gemini. lauren: correct. not nearly as big as a microsoft's. however, they sell art a
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artificial -- artificial intelligence tools to advertise the ors. advertisers want to be with google. if you can sell a tool to help someone better target their audience, that's a win. you have a catalyst this year, and that's political advertising. ad a revenue is expected to rise about 12% and overall revenue to rise the same percentage to over $85 billion. stuart: 895 billion just like that --85 billion. stuart: lauren: just like that. stuart: show me walmart, please. as i understand it, store managers got a nice race, and some of them may earn a small fortune, am i right? if. lauren: almost half a million dollars. $404,000 per year for a supercenter store manager at wal-mart. stuart: that's one with of their giant stores. lauren: you have 350 people over you, you've got to make sure all the e-commerce if orders are going out. a bonus if you achieve your targets up to 200% of your salary, and then the stock
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awards. i mean, you don't need a college degree for this. in fact, walmart will help promote you from cop -- coming and greeting people all the way up the ranks, and now they're damaging $400,000. i think that's a win-win. is. stuart: that's a fine thing. have you got a negative comment? >> very p.o. s they don't have labor unions forcing it, this is the private sector coming up with a solution that is wealth-building, intend niewcialtion aspirational. and my favorite part is they don't require a stupid college degree. i absolutely love this story. [laughter] [inaudible conversations] stuart: that's very positive. i like this david. but you brought if your dividend picks with you. you're going to start with american electric powerful. >> it's a -- it pays 4.5%, and it's growing high single digits every year. but i just want to point out we don't own any utility names but this one, and i think a lot of people want some exposure. it was the worst performing sector last year, and at this price point, or i don't think it's going to stay in the 70s
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for long. 4.5% dividend yield right now and gives you a best name in the utility sector. stuart: you were the guy who recommended blackstone to me a couple of years ago. it's done very well. you like it again. what's the dividend now? >> right now, if you buy it today, you're getting a 3.5% yield, be i think it's a 30% yield. you say, what are you talking about? if the yield they're paying out from when you and i bought it back in the day is 30% cash on cash of what we originally paid. that's dividend growth at work. blackstone has long way to go. they are the premier asset manager on wall street. stuart: and i got a wonderful capital gain out of it too. coming up, comedian bill maher called out "the new york times" for having biased coverage. roll tape. >> the front page used to be just the news, just give me the facts. the headline today was something like trump's victory,ing? the nation's psyche. what the [bleep] that's not a headline. stuart: "the new york times" politically biased?
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oh, it could not be. say it ain't so. and there's this, house republicans say we don't need a new law to stop the migrant flow. what do we need? if i'll ask texas congressman tony gonzalez right afte are r -- after this. ♪ meet the jennifers. jen x. jen y. and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal with some help from j.p. morgan wealth plan. let's go whiskers. jen y is working with a banker to budget for her birthday. you only turn 30 once. and jen z? her credit's golden. hello new apartment.
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♪ stuart: house republicans are now calling for executive action on the border. hillary, what specifically do they want the president to do? >> reporter: his job, stuart. as president, he has the power to do a lot, and republicans say he is choosing not to. president biden could shut down the border and suspend entry to anyone, he could end catch and release and not offer a parole to thousands of people a day and also go back to remain in mexico
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so people wait out their asylum claims there, not here. biden instead is biding time, waiting for this bipartisan border deal to work through congress. >> he has said he's willing to use executive measures, and, you know, if he gets the bill passed, if he gets border funding and includes those reports, he'll use those authorities. >> reporter: why not, why wait with til congress? >> we need, we need the legislative support for border security measures. we need the funding to be able to put in place border security measures that the president can utilize. >> reporter: but that deal as is dead on arrival in the house. speaker mike johnson specifically calling out a part of the dealed that effectively allow 5,000 people to cross illegally every day before anything is done. johnson saying this: any border shutdown authority that allows even one illegal crossings is a nonstarter. thousands each day is outrageous. the number must be zero. today house homeland security committee will begin debate on
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impeachment article as for dhs secretary mayorkas. mayorkas writing a letter to the committee yesterday saying their claims he has been negligence in his job and has lied to congress are, quote, baseless and says republican efforts to impeach him are not going to rattle him. he's going to continue to do his job. stuart? stuart: thanks so much, hillary. trump says, or donald trump, he says that democrats are, quote, using this horrific senate bill as a way of being able to put the border disaster onto the shoulders of the republicans, end quote. congressman tony gonzalez, or republican from texas, joins me now. congressman, what do we need here? if legislation or executive orders? >> thank you for having me on, stu. what we need is we need a president that enforces the laws, it's that simple. and, oh, by the way, president trump didn't have a border bill pass through congress. neither did obama, bush or clinton. is so this can all -- so this can all be alleviated today.
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we need the president to enforce the laws that are on the books. you know, we talk funding, i sit on the appropriations committee. if you need more money for i.c.e. flights to deport if people, i'm all in. if you need more money for technology that prevents fentanyl to come in our country, i'm all in. but if you're asking for more money to just release more people into our country illegally, i'm all out. stuart: how do you see this playing out? if because the president is not likely to take executive action. the congress is not likely to get the kind of border bill that you would like. play it out. what happens? >> you know, stu, i think now more than ever more americans are impacted by this border crisis. and it's not just my district along the border, it's all across america. somebody has a story where someone died of fentanyl over with these migrants are coming in overwhelming communities. you know, we're talking about denver today and we're talking about chicago, but it's going to be pittsburgh and boston. this thing's going to continue to spread. so what can happen, i look at a it through the lens of we need
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help today. what are some border security measures that can alleviate some of the stress today? that's the deportations. that's surging immigration judges to the border with, and you get your case heard in days, not years. just like every other president has done. stuart: congressman gonzalez, thank you very much for joining us, sir. we always appreciate it. >> thank you. stuart: we've got one former fbi official warning that biden's open border could put the risk of an october 7th style attack. lauren: it was chris swecker. he said the border is our greatest security risk ever. >> this open border, 1800 miles of open border represents the greatest security risk in our lifetime. we can shut the front door or guard the front door, if you will, of the airports and train stations and other modes of transportation, but if we just open up our border, you know, all our intelligence agencies, all that a work goes for nothing because we don't know who's coming in. lauren: it's so true. i mean, and then how do you surveil a gotaway?
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if nearly 1000,000 -- 100,000 that we think we with know about since october. in three months? stuart: good question. you pass judgment, david, on all a manner of things this morning. you want to pass judgment on the border mess? >> yeah. i definitely think it is a crisis of leadership. i think that there has to be decisive steps taken of but one thing i'll point out because this is true of so much of our politics, people have to be willing to do things that are unpopular. and i think sometimes the right policy is unpopular. i feel that way about foreign policy a lot, a lot more on the right becoming more isolationist. but you have to do what you have to do. president biden's afraid of being unpopular with his base, and that's general guised his president city -- general -- jeopardized his presidency. stuart: crime is getting so bad in oakland, california, that it's too dangerous to take a break. kaiser permanente warning with its employees, hey, avoid going out for lunch. stay inside. we have the full report coming up next. ♪ if
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stuart: crime in oakland, california, so bad that some companies are telling their employees not to go out for lunch. what's going if on, lauren? lauren: oakland's largest e employer is kaiser permanente and blue cross blue shield telling workers ors eat in the office, it's too dangerous to go outside. >> it's just kind of scary in general. not even just to go to work, but just kind of coming outside, you know? if you can work at home, work at home. if you have to come in, just be safe about it. lauren: chlorox is also a headquartered there, and chlorox has hired security guards to's escort staff anywhere they want to go, even to their car. you just is have to go to these videos to see why. just last week 281 reported robberies in oakland on top of almost 3700 reports of robbery last year. there were nearly 50,000 reports of violent and property crime in 2023, that's an increase of 25 percent. vehicle theft up 44% meaning one
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car was stowingen for every 30 . stolen. there's -- bishop bob jackson with the oakland n if aacp he wants california governor gavin newsom to declare a state of emergency. >> when you see major companies closing their doors and and malls shutting down and even starbucks leaving the area, even southwest airlines have threatened to move their operation out of oakland. they want to move out because of crime. everything is predicated upon crime. lauren: wake up, right? smaller businesses are struggling too. they're losing now their lunch crowd. >> half our business monday through friday because we do get lunch rush from 12:00 to 1:00, and that is a lot of our sales. so it's about 50 percent of our business --. lauren: half their business. so while the workers are essentially on lockdown having to stay in the office, the street crime runs rampant.
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the police department in oakland has been gutted and demoralized. they are at least 300 officers short, and they don't have a police chief, and they haven't for over a year. stuart: that's extraordinary. you've -- wait a minute. david, you're still here. you live in california. or you used to. actually, new york you used to live in california. and -- you used to live in california, and you've moved to new york -- lauren: it's so much better here. >> the crime is lower than in parts of california. in fairness, newport beach is not a climb haven -- crime haven, but the situation in oakland is known throughout the state. it's a question of will. this is not anything that has to be investigated or considered or studied. they have decided to avow crime as a lifestyle in oakland, period. and they have the ability to stop it and they won't. and we are entitled in this country as a basic life to rife, liberty -- life, liberty and the pursuit of happiness, and they're not getting it in oakland. lauren: they also do ranked choice voting, and they're not necessarily getting the people
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they want. there is hope for 2024, not only there there the presidential election, but the odd number of council members are up for re-election, and maybe the people there are saying enough is enough. >> which is what new yorkers would do. it's because of law and order and and because of crime, and maybe that's what oakland need to do, pull a new york. stuart: they voted for giuliani, a republican, because of crime. thank you for joining us for the hour, david. >> my pleasure. stuart: great contribution. the governor -- still ahead, the governor of oklahoma, kevin stitt, he wants to join texas in its border war dispute with the federal government. he's here to tell us what he's doing. vivek ramaswamy claims the super bowl will be rigged for the chiefs to set the stage for taylor swift's biden endorsement. i've got to get brian kilmeade on that. i wish david could stick around for longer, he's got strong fielding -- feels. is the president going to call for a ceasefire in gaza? sean duffy answers that one with. the 10:00 hour of "varney &
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company" is next. ♪ if. ♪ ♪ you and i got lost in it. ♪ and life was never worse but never better ♪ ..
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