tv Varney Company FOX Business February 1, 2024 9:00am-10:00am EST
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kids, certainly better behaved than i was in elementary school on the school bus. think it's amazing. consider this my formal application to apply to be a pup bus driver. i am willing to relower candidate anywhere i need to be, that's amazing -- relocate. maria: yes, i love that job. let's take a look at the markets, dow industrials up 12, nasdaq's up 95, the s&p 500 up 19.25. big news after the close tonight, apple is going to be reporting earnings, meta and amazon, mark. >> yeah. so, i mean, look, they may disappoint, but it's okay. they'll pull back, investors will pile back in. maria: sticking your neck if out on that one. thanks, everybody, great show. great to have you all. thank you so much. have a great day, everybody. "varney & company"'s going to pick it up now. we've got a market that is ready to -- stu, take it away. stuart: i will take that it. good morning, maria with. good morning, everyone. big tech is dominant. it virtually rules the whole market. today is the big day for wig
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tech. -- big tech. three giants report this afternoon, here's how apple, meta and amazon are doing premarket. all of them are up a little. now, here's microsoft and google. both took a huge hit wednesday, a modest rebound this morning. you know, wall street had its worst day since october. doesn't look like the fed will lower rates in march. market didn't like that. i'll call what you see on the left-hand side of the screen a modest rebound today. the dow up maybe 11, s&p 20, but the nasdaq up maybe 10 to point. interest rates, down. the 10-year well under 4%, you're at 3.89 now, and the 2-year with, your looking at 4.19. gas has started to go up, $3.15. it's the up about a couple of nickels, no, a couple of cents. diesel, same story, $3.93. all right, politics. defense secretary austin will hold a press conference this morning, his first aexperience since his treatment for prostate
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cancer. this is going to be about his failure to tell the president's of his absence, america's response to iran and the war on hamas. two house democrats vote no on a bill to keep hamas operatives out of america. cori bush and rashida tlaib rejected the no immigration benefits for hamas terrorist act. they say it would be used by republicans to incite hate. mark zuckerberg aapologizes to the parents who say his social media harmed their children. senator hawley asked if he wanted to say anything, he turned around, faced them and said no one should go through what a you've gone through. on the show today, elon musk stunned by a delaware court voiding his $56 billion pay package. he wants to move if tesla's jurisdiction to texas. he objects to a court deciding how much an executive can be paid and mohamed monsieur joins us, oh, he's got a tough job. he's got to compete with england's premier league and
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saudi arabia which pays renaldo $200 million a year. his guys make maybe $600,000. thursday, february the 1st, 2024, "varney & company" about to begin. ♪ ♪ if look out, baby, 'cuz here i come ♪ [laughter] stuart: i was going to say, i don't know this one. lauren: what? stuart: get ready, it's temptations. >> really? i mean -- stuart: you weren't even born in the '60s, were you? [laughter] all right, everyone, let's get going. off to the a good start, i can see is. just for a change, we're starting the day with money. we'll get to politics in a moment, i promise you that. this is big tech week. vital to investors. we saw microsoft drop 2 percent if yesterday, google down 7%. goods morning, lauren. why the big drop, what's happening to hem now, and one more for you, what's happening
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this afternoon with the other big tech? if. lauren: your mood matches what's happening to them now. yesterday they disappointed because expectations were just too lofty. some air had to be let out of the tires. and then jay powell spoke, and he didn't help. he squashed any hope of a rate cut in march. cheap borrowing helps the tech companies. so you had that too. if you look at fed funds futures, they're pricing in just a 35% chance of that happening now. okay, we got that out of the way. tonight, apple, amazon, meta. three of the magnificent seven. apple is reporting the day before it launches their first major product in years, the vr headset. there is not much hype about this $3500 device, but sales are expected to finally increase to $118 billion in the holiday quarter. stuart: what? that, the goggle thing? lauren: no, overall sales. overall quarterly revenue in the final three month ifs of last year. no, no, yeah, they're -- $3500, they have 200,000 preorders but,
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yes, not nearly -- services up 13%. amazon, most of their profits came from the cloud, aws. can they follow what microsoft if said about azure? 30 president sales growth. -- 30% sales growth. all in, the revenue, $166 billion. last one, apple -- meta, apologies. so most of meta's profits come if advertising. does a.i. benefiting advertising, can it bring in more money by selling a.i. tools, right? that's the question. so reuters looked at the number of times that a.i. was mentioned on the calls, 38% of conference calls in january mentioned a.i. i thought this number would have been higher. stuart: oh, yeah. it should have been. lauren, thanks very much is, indeed. quick check of the markets, dow's a down a little. s&p up a little, nasdaq, nice gain, 84 points. adam johnson with me this morning. >> yes, sir. stuart: big picture, is it time
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to start gradually shifting out of big tech? >> no. no, it's time to put more money into big tech. in fact, i was thinking to myself early this morning as i was kind of reading the news, you know, i could almost have a portfolio of just tech, and i think i'd be just fine. in fact, maybe even better off. tech is where the growth is. tech is where the scale is. tech is where artificial intelligence lives and breathe withs and gets bigger and better. in, in fact, i -- no, in fact, i put more money to work across a number of tech stocks earlier this week. stuart: did you get in on microsoft yesterday on the dip? >> yes. stuart: you did? >> and google was down 6% after the earnings because the ad revenue was slightly, and i mean slightly, slightly, might be school slightly below -- minuscule slight ally below the estimate e, that's a just silly headline trading against the day trading minnows that come out when it's earnings season. stuart: day trading minnows. >> they're not sharks, they're
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minnows. [laughter] stuart: contemptuous. is there such a thing as a trump the effect on the market with the rally? >> yes. i think that's one of the reasons we are rallying. trump is good for business because he goes against regulation. the polar opposite of what the biden administration is doing. and you see that across all sorts of different business. i mean, look what the ftc did trying to block amazon's purchase of irow dot. oh -- robot. oh, wow, how terrible. amazon, the place where you buy stuff, might actually be able to buy you robots. that's terrible for competition because there's so many robot makers. i mean, really? that's so misguided. trump has no time for that a silliness. he's a serious person who argues on behalf of businesses and people. he gets out of the way. he wants government out of the way. it's like ronald reagan 2.0, and i think the market likes that. less regulation is better. zero stuart all right. adam, stay with me for the hour.
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it's going to be a big hour. let's turn to politics. a new poll shows president biden's job approval rating down to 38%. all right, now look at this, it's from "the new york times", i'm quoting, can biden take a page out of trump's playbook looking at the immigration and border issue from a purely political vantage point, bind has much more to gain from taking a tough conservative stance than he stands to lose. ben ben domenech. with me. even the new york times is calling biden out on the border. oh, it's getting there, isn't it? >> stuart, it's interesting to see what's going on here because behind the scenes for quite a while now democrats have been seeing -- saying the big achilles heel they have in coming cycle is the border issue. especially when it comes to holding on to the senate which, as you know, involves a number of different candidates in the trying to win reelection in states that are going to vote in all likelihood for trump over biden come november.
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those are all democrat incumbents who are facing significant challenges, and they're going to be very expensive races. and the border is an issue for all of them. it's something they wish very much would go away. and the way it's been mishandled under the biden administration by secretary mayorkas but with also a by the white house, frankly, pretending like things were okay when it was well in evidence that things were completely off the rails in terms of the numbers that we've seen is something that a lot of democrats and democrat donors have been saying behind the scenes needed to be addressed. now that's spilling over into their house organs including the new york times, and people are basically saying out loud what they've been saying quietly, you know, for some months now. the biden administration needs to deal with this problem and fast. stuart: when "the new york times" calls something out, you better take care because they are the bible of the democrat party. that's just my opinion -- >> exactly. stuart: ben, next one, defense secretary lloyd austin is going to hold a press conference at 10:30 eastern time this morning. i expect to hard about iran and
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israel and hamas and maybe why he was absent and didn't tell the president when he was absent. anything else going to come up? >> well -- [laughter] look, i actually think democrats including many on capitol hill think privately that lloyd austin should have to resign. this is an embarrassment at a time of international problems and all sorts of foreign policy and security issues that needed to be addressed x this was completely inappropriate behavior on his part. they deserve to know as, you know, the key members on capitol hill, you know, who are informed on these matters, you know, the most senior leadership there on intel issues and the like, they needed to know what was going on with the defense secretary. the white house needed to know what was going on, and it doesn't look like that was apparent or tone in a timely manner. -- done in a timely manner. in fact, your temptations song at the beginning, he ain't too proud to beg to keep his job. i think he's going to really have to get down on bended knee and make a case to a lot of different people, key people on
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capitol hill including in his own party that he should be able to stay on as secretary of defense. stuart: all right. watch it here on this program around 10:30 eastern this morning. ben domenech, thank you very much, indeed. a new poll shows nikki haley beating biden in a head to head matchup. lauren, by how much? lauren: the answer is by 5 points. so she gets 47% support, he gets 42. independents like nikki haley, but watch this. you put her against a third party candidate, biden wins by with 7 points. i think that's because rfk jr. at 21% takes that independent vote away from nikki haley. haley's staying in the race a little bit longer, and she is hoping that this ad works. she writes: the rematch nobody wants and then shows a puckture of the 1993 i movie grumpy old men as joe biden and donald trump. and at first i said, ooh, no, i don't like that. but i think that's catchy. i think that's catchy,
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especially for young voters or who nikki haley needs. stuart: i resent it myself being a grumpy old fella myself. [laughter] >> i'll get there. stuart you've got a long way to go, son. check futures, please. a little bit of red red ink for the dow, not much. good show to the -- friend to the show, dave portnoy, reseals who he would likely vote for in a biden-trump matchup. roll it. >> i don't like either candidate we have right now. it's a no-brainer i would vote for trump over bind, but that is not because i think trump is the perfect guy for the job. i just, i mean, biden has demen shah. stuart: according to recent polls, looks like many people agree with dave. senate majority leader chuck schumer would not commit to hold mayorkas impeachment hearing, so impeachment can kind of in doubt, and we've got no border bill yet. south carolina congressman russell fry on the border, migrant and mayorkas mess. ♪ muck if
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stuart: lawmakers are still at odds on a border deal. president biden and speaker johnson met if at the national prayer breakfast this morning. chad pergram is on capitol hill for us. did the border come up at all, chad? >> reporter: well, salvaging the border bill may, in fact, need a prayer itself as this is the first time that the president and the speaker have been in the same room since the big meeting at the white house last month. chances to pass the bill have dimmed. >> we're not giving up. a month ago i said the only way we'll rise to the occasion, if
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both sides are serious about a finding bipartisan compromise. this is one of the most difficult tasks we've taken, and the only way through it to a solution is to do it together in a bipartisan way. >> reporter: senate minority leader mitch mcconnell believe ares there's still a chance to get a deal, but it's looking less likely. a majority of senate republicans are onboard. lawmakers from both sides are exasperated at the election year politics looming over the bill. >> if democrats can figure out how to message, for sure. because, yeah, they now own this. we may have owned it before, but now you own it. you own it because we can fix it and now you don't want to, and so if the american people want to know why the border's broken, it's both parties. it's not just joe biden. >> reporter: meantime, the house is focusing on impeachment of homeland security secretary alejandro mayorkas. conservatives are applauding the new speaker for moving ahead on
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mayorkas. >> speaker johnson initiated the impeachment of secretary mayorkas. the previous peeker should have done it a year ago. we had two years of evidence. we didn't need an investigation to do this. i can't speak for the senate, but the house is responsible for what with we do, and we should impeach this secretary, and hopefully we'll pass that out of the house. >> reporter: the house is aiming for an impeachment vote next week, and while johnson never completely closed the door to a senate border bill, he wants the president to use his powers to fix the crisis. stuart? stuart: thanks, chad. senate majority leader schuker -- schumer is going after house republicans for their efforts to impeach mayorkas. watch this, please. >> the republican house majority is moving forward with the sham impeachment effort despite pollution no evidence that secretary mayorkas has committed any crime. this unserious spectacle by house republicans does nothing, nothing to secure our border. there have already been many shameful and embarrassing moments in the republican house
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majority, but abusing the constitution by pursuing the sham impeachment effort is a new ignominious low. stuart: okay. it's all the republicans' fault, got it. south carolina congressman russell fry with me. congressman, impeachment's in doubt, we've got no border bill. what do you have to say about all of this? >> well, i think things are up at least with the impeachment of mayorkas, that's going to come up next week, so we will see if the house of representatives are serious about fixing the problem p. i think that starts at the top. you've got to remove this guy from office. he's been a disaster. they've taken over 50 executive actions to destroy security at the border. it's never been more unsafe -- stuart: but, congressman,s i'm sorry to bankrupt you, i do apologize, but if you remove mayorkas, another person steps in with precisely the same orders from precisely the same prime minister nothing really changes, does it? >> well, i don't know about that. i think it sends a very clear message. it's been a very long time since the house has impeached a cabinet if secretary, but that was the intent of the found ors.
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when you've got somebody who lies to congress and doesn't do their job in such a disaster disastrous way, you've got no choice but to remove them from office. we'll see what happens next. but the house has already passed a border bill, h.r. 2, to secure the border act. it will secure the border. the speaker is right hat president has all the authority that he needs right now to fix this. h.r. 2 helps accelerate it, if you will, but at the end of the day where we are right now is the house's position is clear. we'll see what the nat decides to do. but -- senate decides to do. but the house is serious about securing the border. stuart: squad members cori bush and rashida tlaib voted against a bill which would stop hamas terrorists from entering this country. they were the only two members of congress to vote against the bill with. is there a pro-hamas wing in the democrat party, congressman? >> i think there's no question about that. you've seen that on votes that we've taken since the on the 7th attacks on israel -- october 7th attacks. and the democrat party really needs to have a catharsis within
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themselves, are they for israel9 and the american people or are they for hamas. i think those are mutually exclusive. and for the squad members that vote this way, they really need to ask themselves why they're here. are they here to protect the country and make sure we're not inviting terrorists n or are they going to continue to perpetuate protection for people who violate international law. stuart: congressman, thank you very much for joining us this morning. appreciate it. >> thanks u stuart. yes, sir. stuart: yesterday we showed you shocking video of migrants attacking two new york city if police officers. lauren has an update on the situation. lauren: there might be bipartisan calls to change remuscle laws -- removal laws which would enable us to deport them for being here illegally and breaking the law. eight a migrants attacked two cops saturday night in new york city. three of them are still on the loose, five were taken into custody but were not held in jail or turned over to i.c.e. for deportation. here's the finishes ypd chief o.
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>> reprehensioning bl. cowards. you have ought people attacking a lieutenant and a cop. the four that were arrested should be sitting in rikers right now on bail, they should be indicted this week and taken off our street thes. you want to know why our cops are getting assaulted? if there's no consequences. we must change this. lauren: i don't even want to show you this next piece of video, but when one of the migrants was are released, he flipped off the cameras. he flip pd off the cameras. the mayor of new york city, eric adams, says he is disgusted by this and i quote from what he said to a local station, we need to re-examine the laws that don't allow us to deport them. stuart: i think it's a turning point. adam johnson with me. you've been talking to a couple of police officers. >> i did. i asked a couple of officers if they had seen the video and why they weren't using their a bill
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billy clubs and stun guns. number one, they're not allowed to use the billy clubs anymore, the stun gun is only good for one, that's it. we're so afraid of empowering the police that now we are holding the police back. it's criminal. stuart: that incident is a turning point not just for new york, but elsewhere. the imply indications are huge. adam, thank you so much is, indeed. i see some red ink for the dow but green for the nasdaq, up 78 points. the opening bell is next. ♪ ♪ -- these blurred lines. ♪ i mow you want it, i know you want it ♪
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stuart: two and a half minutes to the opening bell. there's the market situation now, dr barton with us. you've said many times in the past any pullback on microsoft is a good buying opportunity. there was a pullback yesterday, did you buy? >> stuart, the pullback was so fast and so slight relative to, let's say, oh, google-alpha9 bet that i didn't have a chance to even jump in for any more. i like it.
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i think microsoft is doing the best front-end implementation of a.i. of any of the big tech, and i believe they're going to be a buy, but i think we might over the next -- [inaudible] over the next couple of months get a chance to get it a little bit lower. stuart: i have very little patience, but, dr, why get out of google? >> i think i have the opposite statement to say about google relative to microsoft. look, microsoft had double-digit growth if on about every mace that was important, especially their -- place that was important, especially their cloud. i think the big thing with alphabet though, stuart, is that they are not getting the rewards from a.i. that they should be if they're so head and shoulders above everyone else. their advertising missed just a little bit from lofty expectations over the last quarter, and i think they've got a little ways to catch up to may
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in the a.i. world. stuart: okay. apple, amazon is, meta out with their earnings this afternoon. overs what worries me, the stocks run up, you get the numbers, the computers go haywire9 and the traders and algorithms take over and the things drop. that's what worries me about these earnings reports after the bell. pulling the plug, pulling the rug away. >> very valid point, stuart, exactly what we saw in google earlier in the week. and i think that there is a big possibility of of that, that we'll see it for at least one of these three this afternoon if only for temporary this afternoon. but i think of those three i think amazon might give us a surprise. i think amazon might have a little bit extra on the advertising side because of the slip-up, of all places, tiktok. so i'm keeping a close eye on amazon, might even add there. stuart: we'll watch it too. thanks, k.r., the -- d.r., the
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dow has opened with a gain of 38 points and about three-quarters of the dow 30 are in the green. here's the s&p 500, on the upside as well, i think. let me see, yeah, 18 points. just over a third of 1%. the nasdaq composite also showing a mice if gain. by the way, treasury yields are down significantly. today that's helping the nasdaq. it's up 90 point, .60%. show me big with tech, all of them, please. all of them except apple are up, 184 on apple this morning. lauren, more big tech after the bell. start with amazon. lauren: okay, when you think of amazon, i think e-commerce, what can i buy, right? their profit power heys is -- powerhouse is actually aws, the cloud. it's expected to grow by 3 better, which would -- 13%, which would be a slowdown. stuart: ap. >> the app a store, apple tv, apple music, that's the bright 309. sales are expected to grow more than 12 percent. stuart: men meta.
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>> last year was the year of efficiency, their profit is expected to grow 182% to $4.96 a share. successful. watch their spending levels on a.i. and the like. can they till generate strong -- [inaudible] stuart: adam johnson, you buying them all. >> i own them all and actually added on google that was, you know, down 6% which i thought was just absurd. stuart: okay. chip maker or qualcomm. now, they reported after the bell i think yesterday with. lauren: yesterday with. stuart: they're down 4%. lauren: okay. the problem is they're losing market share in china. that's where they sell chips for android phones. so they have these new chips, and what the new chips do is they help run the a.i. chat bot on a device, directly on the phone, on the laptop or pc rather than in the cloud. that's a pivot. they have partnerships with dell, for instance, lenovo, with the pc companies because their main market, the smartphone market, is slowing. so we have the smartphone if
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slowdown, the china slowdown. the pivot isn't convincing investors, the stock is down 4.5%, and apple is one of their key suppliers as well. stuart: and apple's down this morning. some companies reported before the bell this morning. merck, up today. i guess they did well. lauren: keytruda solid sales there. they did better there and raised expectations. stock's up. stuart: i'm quite prepared to admit that i got it wrong on cruise lines. lauren: oh, good. >> me too, by the way. i didn't touch them. stuart: royal crib yarntion demand strong? lauren: they're carrying 17% more passengers now than they did before covid. that's a big deal. stuart: yes, it is. lauren: and looking into this year, they're nearly pulley booked for the -- fully booked for the first half of 2024. the stock gains, one of the biggest movers in the s&p 500 last year, was up 160. >> well, you know what they did? they tripled the amount of debt that they had on these companies because if they had no cash
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flow, so they needed debt to stay alive during covid. and i thought, well, if the asset is just ships, you can only put so many people on a ship. you can only work the asset so hard, and you've got more debt. but they figured out a way to do it, so i missed it. stuart: so did i. [laughter] >> it hurts. stuart: elon musk is making some moves after his $56 billion compensation package was denied by a judge in delaware, okay? making moves, what he's he doing? if -- what's he doing? lauren: he wants shareholders to vote on transferring tesla's state of incorporation to texas from delaware he's already shifted the headquarters from california to texas. but why? if okay, i know the delaware judge might not like him; i mean, she just void ised his record pay package because she said it wasn't in the best interest of shareholders. why can't he just say, hey, share holders, vote on this, vote on the 2008 $56 billion pay package? if they will probably say, yeah, sure -- stuart: didn't they approve it
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when it was first -- lauren: yes, and then there was the lawsuit. stuart: so did the board, they approved of it. and now along comes a judge and says, uh-oh, i think that's excessive, and we're going to stop you, your company from paying you what they think they want to pay you. >> crazy. stuart: so musk objects to that and tax his company to texas. can you blame the guy? lauren: well, i think he can get share holders to vote on an equally good pay package for himself -- stuart: he's going to hold a vote on whether they move to texas. lauren: you think? stuart: they'll say yes. >> yeah, i think so. lauren: but half of -- [inaudible] companies are incorporated in delaware. it worked for elon musk. >> stay tuned. interventionist -- lauren: so delaware should be scared. >> -- not good for business. stuart: thank you. you made the point well. nvidia, what's this about nvidia's chai china-specific chip? if. lauren: it's the h of-20, and
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it's on par with the huawei chip. the cost, $12,000-15,000 per chip and then you add a distributer markup, so this stuff is expensive. china is about a fifth of nvidia's sales. they are facing export restrictions from washington. i told you a few weeks ago the ceo was in china. he visited all of the nvidia offices there for the lunar new year, but he has to get them a super powerful chip, as powerful as he can that d.c. the will approval. and -- that deet will approve. -- d.c. will approval. it could overpass amazon very soon is. $1.5 trillion and counting. stuart: haven't you raised, your target for nvidia used to be 700 or 800, where is it now? >> well, i just upped my target to $900, stuart. you know, i bought this a year ago, 175, and the target was 425. sold a little, made my next target 625. it's there. same i just didn't keep it the
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well time. 900, and i'll tell you why, they'll do $the 22 earnings this year, i think it'll be 30 next year. you put a 30 multiple on $30, 30 times 30 is 900. lauren: i think the industry high is 1100. >> correct. two other analysts are higher than i am which gives me cover, right? i'm only 900. stuart: i know some people who are sitting on nvidia and absolutely ecstatic. and they love you. lauren: wish we didn't miss that one. >> yeah, right. we didn't buy the cruise ships, but we bought nvidia. stuart: i didn't. >> oh, no. stuart: sofi, on your screens now, up a penny. >> yeah. stuart: well, is that a mover -- lauren: adam a -- stuart: oh, that's your stock pick. >> i hope it's -- it was up 20% the other day on very strong the earnings. they finally are a profitable company. this is the company, the first ever online-only bank. it was designed from the ground up to be an online-only bank.
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started off doing can student loan, that's only now about 15% of their business. it's growing gangbusters. the ceo is the 17th largest shareholder because with he keeps buying stock, i think it's probably a $20 stock but i may have to be patient. lauren: are they doing better because students are repaying their loans? >> no, because they're growing. deposits, by the way, doubled. they're now a bank so they can fund themselves like a cheap bank. stuart: thanks, ad adam. coming up, don't forget to send in your pretty feed oohback -- feedback. evil mail varney viewers -- e-mail varney varney view@fox.com. lloyd austin with his first press conference since being hospitalized at 10:30 eastern this morning. about a year ago we heard from an east palestine resident. watch this. >> we have a lot of people that started buzzes because it's the american dream, and new they're living the more than nightmare if. i feel like the current administration if federally is
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afraid to come to town, and my message to them is if you're scared, get a dog. stuart: well, the president is finally going to visit. why did he leave it so long? that a east palestine resident responds to that next. ♪ finish -- chance has come and gone. ♪ and, you know, it's just a little too late, a little too wrong and i can't wait. ♪ you know all the right things to say -- ♪ you know it's just too little, too late ♪
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stuart: biden will finally visit the site of the east palestine train derailment. kelly saberi is there. kelly, what's the town saying about the biden visit? >> reporter: stuart, some residents tell me that he's welcome to visit, they're just hoping that this isn't a campaign stop for him. meanwhile, the payor of east palestine, trent conway, tells me that those residents urged him to write the formal
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invitation that the white house says prompted the visit and the timing of the visit, but he also told fox digital before the white house's announcement that the best time for biden to visit would be on his 2025 book tour. talk a listen are. do you still stand by that comment about the book tour? >> 1000% stand by the comment i. i think that's the best time for him personally, you know, joe biden, that's the best time for joe biden to come. i think the best time for him to come would have been whenever he, you know, whenever this happened. >> reporter: in addition to construction and clean-up signs, one indication of how life has changed here can be observe ised after a storm the rolls through. there's a unique smell that lingers, and it's not a fresh rain scent. the moisture actually makes the air smell like a paint factory. the epa and the local government told less are dents here they were safe to -- residents here they were safe to return to their homes less than a week
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after the derailment. meanwhile, one doctor has experienced ongoing health issues and has been test testing the water in the creek. >> i would have as sid reflux. i've never had that in my entire or life. this was on steroids. this is shooting into my throat, burning my gums and my teeth, sore throat, cough. >> reporter: chai is now running for congress because he says that this town has been forgotten by the federal government. norfolk southern, meanwhile, is the first major railroad company to agree to a federal program that will allow its employees to anonymously report safety issues. stuart? if. stuart: all right, kelly, thanks very much. the white house dodged a question about the possibility of president biden drinking the water in east palestine the during his upcoming visit. watch this. >> reporter: when the president is in east palestine, will he drink the water there?
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if. >> i mean, look, what i can tell you is the president's focus has been to do the everything that he can to support this community from day one. this is not about some sort of political stunt here. this is not about, this is not what this is about. this is about this president being a president for everyone and showing up, showing up for this community. that's what this is the about. i'm not going to get into some sort of political stunts about drinking water. stuart: all right. east palestine are resident d dj yolkly joan -- joins me now. will biden be welcomed by the resident? >> i can't imagine it's going to be good. i have a pretty good pulse on the town, but i can't imagine that it is going to be a positive welcome. there's going to be a lot of of questions, and and i'm going to guess there's not going to be a whole lot of answers to those questions just as there hasn't been for the last year. stuart why do you think he's doing now, a year after the
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event in the middle of a campaign season? what's he going for? if. >> you know what? the more i think about this, this isn't about the people of east palestine and the surrounding area are, this is about joe biden. this is about his election campaign in 2024. and quite honestly, you know, to go off of that clip you just plaid, i don't care if he drinks our water but as long as he knows we're not drinking the kool-aid he's serving coming to his little birthday party here. stuart: that's a good lewin. the epa -- let's go back to the beginning of this. the ep if a burned off the chemicals from the train. they wanted to avoid an explosion. a year later are you satisfied with the air and water quality? >> you know with, there's a lot of people in town, speaking for myself, we haven't had any problems. my if family, god willing are, has not been sick and hopefully will not get sick. but it doesn't answer the questions that a lot of people have had about health care over the next 10, 20, 30, 40 years and generations to come. you know, we've lost a lot of people in our town, stuart, to
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moving because they didn't feel safe, because they weren't getting answers. and i think that's the big to-do about this. this is the storyline is we're not getting answers. we can't make, you know, tough decisions or that are going to affect if yen rawtions to come, but the -- generations to come, but the white house is going to tell us they've been alongside of us the entire time, and it's just not true. stuart: i believe you run your sports network. that's your company, i believe. how's your business doing? >> you know, we had to move out of the town because we were, you know, in a plaza that sulfur run ran right underneath. we tried to get answers from the president standpoint, is it safe. we have people with compromised immune systems and, obviously, if we bring them back to work, then, you know, i'm liable for lawsuits and, you know, if something happens to them, it's on my conscience. the problem is, is we moved out and we were deemed that we were traitors for trying to keep our business alive, you know? i've had this business for the last seven years.
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we're in over 70 mustn't -- communities doing sports games online and, you know, we can't just pack up and shut the doors and reopen whenever joe biden says, hey, it's all a okay. stuart: you got it. dj, thank you very much for being with us. we really appreciate you being on the air to tell us how it is. >> god bless you, stuart. stuart: thank you. what's trump saying about a biden's east palestine visit, lauren? lauren: too little, too late. here's the quote. with the world blowing up around us, biden has finally decided to visit east palestine one year later and only to develop some political credibility because everything else he has done has been such a disaster. look, you heard from dj, the locals are mad. the mayor and the governor, mike dewine, both asked joe biden to approve a disaster declaration in east palestine. biden never did. stuart: all right. lauren: they're mad. stuart: coming up, where is the respect for america? if those thugs who beat police officers in times square in new york have no respect for the country that's paying for them to be here illegally.
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america's no longer looked up to. that is my if take, top of the hour. there's this: a trio of mexican nationals busted for an allege a ad identity fraud if ring. they told migrants to shoplift in exchange for fake ids which would allow them to work. we've got that full story for you with next. ♪ ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders.
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stuart: chicago police have uncovered a group of foreign nationals selling hundreds of fake ids to migrants. nate foy with me now. tell me more about this. >> reporter: well, stuart, cook county sheriff says migrants are stealing more and more from retail stores in chicago every single month but often not for the goods that they're stealing. instead, they're using it in a trade with criminal groups in order to obtain the false identification cards. listen to the sheriff. >> they were being either told to steal things to get money or specifically directed to steal specific things all of which were taken back to individuals
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where they were able to either buy or trade for social security numbers, cards or american permanent residency cards. >> reporter: stuart, the sheriff says these three men from mexico ran the chicago operation for quite only time. deputies eventually got tipped off by migrants they arrested, so deputies went undercover and served a search warrant finding over 500 fake ids, a lot of cash and a ledger showing different exchanges. the majority of the migrants arrested for stealing are from venezuela. the sheriff says many of them are stealing just enough to obtain a fake id card so that they can get jobs. finish. >> you can have all the debate in the world about whether they should be here, should not be here, you can have that debate. but if they are here, we certainly shouldn't be closing our eyes and saying let's just see what happens. >> reporter: the sheriff says, stuart, that he believes there are several criminal groups in chicago exploiting migrants'
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desperation for profit. the average a price for a fake id card is $150. back to you. stuart: nate foy, thanks very much, indeed. adam a johnson, do you see the impact of migrants in new york city. >> i do. i see families begging. yeah. little children with mom and dad. stuart: i've seen some of that very early in the morning when i drive -- >> it's not good. stuart: no, it's not. adam, thanks for being here. still ahead, nikki haley beat biden in a national poll but 2r5eu8s when third party candidates are added. should she drop out? i'll can is mike huckabee. nat republicans not happy with the irs. the agency has failed to remove tiktok from devices. i'll is ask minority whip john thune if beijing has our tax information. and hunter biden faces more legal action. do voters care about that? mollie hemingway, coming up. the 10:00 hour is next. ♪
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