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tv   Varney Company  FOX Business  February 20, 2024 11:00am-12:00pm EST

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>> the enemy is reality. shape misinformation, shape each of our minds into thinking it's anything other than a fire staggering around. >> one job is to secure the border, secure this nation and the american people. that is the first job interview look at the first, i what i give you money for any of the job? >> that's why the selection is so important this year. it's involving many middle americans with the taxpayer exits in standard deduction. >> so they want to look at minneapolis-st. paul or michigan, those communities have been divided because migrants who come in don't necessarily share american values. ♪ >> frank sinatra.
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>> you can't see staten island. that is new york city. lovely sunny day here in the big apple. 11:00 eastern time, it is tuesday. we are looking at the markets, the dow is positive up 20 points but deep in the red for the n nasa. down 150 so show me big tech, most if not all are down this morning. nvidia reports tomorrow, that's way down and dragging most of big tech down with it except for alphabet up just above 40. check the ten year treasury yield, where is it today? down a bit, right there at four and a quarter%. now this. elon musk made another headlight and this is a big one. his company planted a computer chip in a human brain last month. the headline is the first human
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patient can move a computer mouse by just thinking. that's a breakthrough. early days in the future we hope to restore capabilities such as fishing, motor function and speech. a typical musk. extremely ambitious goals, go for it in a mad -- of creativity and risk-taking. he did that with tesla, medic activity and impossible goals somehow he often met spacex, rocket from scratch, improvised constantly and used abandoned airbase on remote island as a testing site. he did it with sterling and put up literally thousands of satellites to create a brand-new communications systems. now he's done it again. a chip in your brain so you can do things like thinking. he's a genius driven by dreams and demons alike. as big an impact on the world steve jobs in the iphone. his made enemies, ask those who
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he fired, the sec, he's rude, abrasive and little understanding of human feelings and according to the "wall street journal" he takes hallucinogenic drugs. no one has achieved so much in such a short time am a classic american dynamo but no matter how much money he offered, how important the project, i wouldn't want to work for him. third hour of money starts now. ♪ thone d only jimmy failla joins me this morning. i'm not tryingo puthe exit now. >> the kat out othe bag. people need to know. >> wld you work for elon musk? >> i coun't pass the background ccks assalike i'm eligible tworkor elon musk but du think i want t
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put him in that class ofeoe that i like a manic genius and hard to wo for because they get an idea and go go? is a part of me that likes tt because that is kind omy ocess, i don't have background with hallucinogenic drugs but you uld think i do. [laughte you think i'm selling them to other fox chlengbut the one thing about it that i like is thambition. i think you are who you are, not toutter you up too much but for real, you have the ambition become stuart varney, we know you as varney so you're basically donna and finance so we don't say stuart varney, we say i'm ing party at 11. understand have that elon musk ambition and aunt to that in your own w, i'm not suggesng you put seminary on a cket and get her out of here although i thought about it but i applaud the ambition, i don't know if the style would work and that's the challenge great bands have.
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mccartney ran into. >> i would put him above steve jobs, what he's done for the world and to the world. >> to be clear, the iphone hasn't helped the world, it's made everything worse because it basically took us all together and confirmed my theory that we were supposed to spend this much time together. that's why we are so divided. i love the convenience. i like the convenience but when you look at society, would you say we are happier now? we are more divided than ever. >> i am. change the subject. [laughter] >> debbie dingell says she's fed up with people talking about biden's age. will tape. >> joe biden needs to be joe biden. when i was with him a couple weeks ago for eight hours and he was the joe biden i know when he's talking to people, he is enter chinese energizing, he has happy. as noted better than joe biden.
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i think the campaign needs to let him get out there and be who he is and i'm tired of everyone talking about his age. the neck people safe. party will that will good acting like the look of the camera. welcome don't see him? you joke about somebody who has a good-looking girlfriend but she's never around? that's sharp joe biden we keep hearing about. it's like you got to see the sharp joe biden but he's on a modeling shoot right now. give me a break. >> if you want to watch more, you can from jimmy on fox news saturday night 10:00 p.m. eastern. >> i'm not on the varney level yet where it's just the last name. [laughter] >> i love you. >> let's get back to the markets, the dow has turned
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positive. nasdaq down 161. i read your stuff and you say invest in people's addiction to lifestyles. explain that and give me stocks or lifestyle stocks to make jimmy hit the nail on the head of the iphone because we are so involved in social media, iphones, trying to compare ourselves to others it post things so others can see the lifestyles we are living in a feet into our lifestyle addiction which feeds into a spending addiction so look at the statistic, 50% of gen z's expense obsessed with being rich i don't think people understand the obsession. get rich or die trying, people are going to massive amounts of debt and they are dying trying because they are so stressed o out. stuart: millennial's or gen z, which stocks?
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>> the nasa is taking a guy from s&p is down 50 basis points, what to stocks are up right now? are books is up, lifestyle addiction spending stocks that fit the same narrative i played. everyone wants to post a picture of the starbucks coffee think every morning, something about starbucks, i don't know what it is but you know how many times i see instagram post with the premium label, some people get satisfaction posting that. i see that a lot. also restaurants, people like eating out and post pictures of steak dinners, i definitely suggest but those are two stops for lifestyle spending. >> addiction to lifestyle. invest in starbucks. thank you very much. short and sweet. lauren is here, very important. caterpillar, up or down.
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>> a more boring story, it down and the worst decline or. i am from staten island although i don't talk like that. the story is from a they were downgraded, the price target was increased but it's not caterpillar specific, it's just on the entire group, it includes ingersoll, equipment makers are taking as much money. >> i see ford cut the price of ev's. >> 3100 to $8100, imagine cutting the price by $8100. also offering 0% financing for starts at just under $40000 and they want to compete with tesla. >> conagra is a giant company to market stocks of 4%, they make frozen chicken fillets, very popular they are making a play for fast food restaurants. you can make the uber popular fast food chicken sandwich at
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home. the ceo says do it at home, our chicken is just as good can you save a lot of money. the cost of eating out four times more than making meals at home including fast food. >> thank you very much. department of education says one in four college graduates earned less and people who only have a high school degree. higher education, losing his value. local officials asking the government to send in the national guard. look to your wife. trumps big weekend court, healy tied up with legal issues and it will hurt his campaign and his ability to campaign. this is exactly what the democrats want. jon levine on that next. ♪
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tomorrow president biden's brother james will answer questions on capitol hill. part of the impeachment inquiry into the president himself. david but of the department of justice, this is the first biden family member to testify, what do republicans want to get out of it? >> it's going to be a big day. we want to get to the heart of the matter, did james biden deal with joe biden, his brother, the president and any sort of business deals perhaps involving hundred? getting the brother of a sitting president of the united states to testify for hours even behind closed doors is a coup for republicans, they wanted to talk to jim biden for many months now, the younger brothers of the
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president and questions both republicans and democrats so james biden promoted the hospital chain defined and accused of committing massive not including medicare fraud. his published to the weekend. the article claims he used his brother's name over and over again. james, the republican for kentucky says joe biden is a brand, has always been the brandon they want to explore more about tomorrow when they speak to biden. biden testified tomorrow, a week from tomorrow, hunter biden, the president's son will be quick impeachment investigators, republicans and democrats under oath behind closed doors. if that happens in a week and we will get transcripts even though these are not in public, will get transcripts from these so should be turned quickly depending on how it goes and it's possible hunter biden may
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on the road testify in public as he is ready to do so in front of cameras in public so after this session we may see under on camera taking questions. >> can't wait. thank you very much indeed. donald trump facing another critical people. pics of marlboro darkness tomorrow facing election results with me now, your box political reporter, jon levine. this is the week when trumps legal problems that interfere, right? >> how do you keep track of all this? looks like he's wrapped up, republican nomination in the primaries salary. he's going to be the presumptive nominee and a low and campaigning but this litigation is designed to jam him up in the
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general election and how will he run against joe biden when he's locked in the courtroom? it's been reported joe biden not moving faster on these cases because he wants to see the conviction, he wants to run on my opponent as a convicted felon, my opponent is incarcerated and can't debate me, that's the message he wants to send so it's clearly the intent. >> democrats plan this, pick up four different trial situations and they planned it right before the election. to me, it amounts to political interference in an election. >> stormy daniels payment was all of a sudden a charge, why wasn't a charge done? or even after he left office, right before the election all of a sudden is barrage of charges? it appears political and i hate to say it, who had the death of mr. navalny and russia which is terrible, probably murdered by vladimir putin. we have the president of the united states in our country trying to imprison his chief political rival right now in.
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it very unseemly. >> what's your take on this $350 million fine and the new york civil case down last week? >> is a lot of money and an effort, it's part of this effort to keep them from running, bankrupt him financially. nobody has had money sitting on and that think he needs to put it all up plus 20% extra to cover interest in an escrow so it's going to end up being something closer to $4,150,000,000. he's got have in cash and 30 days escrow and the ruling says he can't get money from a bank that does business in new york city which is every bank so he can't find a bondsman or he's up and if he sees his property. >> what do voters think? trump support going up legal intimidation increases?
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>> big picture it remains to be seen but there's evidence that it is because if you look at the republican primary, and the military indicted here in new york and all of a sudden support jumps and it's jump with every new indictment of these things to wake him down give him strength so is a lot of evidence going into november could happen but it's uncharted territory. >> he's got a bad legal week, south carolina primary is saturday and he's leading by 30 points. he leads even more after this week. your all right, thanks for joining us. you're looking or going to look at surveillance footage of a gucci store being robbed at gunpoint in new york city. that's broad daylight. tell me more. >> right at noon, the suspects from a two minute and a woman burst into west 14th street in the make packing district around
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noon waving a gun, telling customers to get down before grabbing as much merchandise as possible and they still several pieces and other items worth around $50000. they jumped into a black toyota heading towards new jersey and thankfully no shots were fired, no one injured but police are asking the public for tips as they look for suspects but just another day, paid interviews of tourists who happen to be in the, one from australia and they said it's absolutely shocking. but the understatement. stuart: welcome to new york. thanks. the dow is down 17 points. big tech and monastic. coming up, chronic absenteeism skyrocketing in schools due to covid, schools are going back to
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stay at home policies, kids with the sniffles can still come to class and that in itself is being pushed back. full story coming up. kevin o'leary says he will never invest in new york of the decision. watch this. >> there are many loser states because of policy high taxes competitive regulation, already in the top list of being a loser state. i would never invest in new york now. stuart: the wealth of wall street agree with that? is in the studio if you will walk over to my set and in we will interview him right after this. ♪ ♪
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will
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the dow is down ten for the methadone 170. reading from the left-hand side of the screen, walmart which i think is a winner. >> shares hit a new high of 181 moments ago so the report card, tropical among high income consumers for $100,000 in in income, sales, dividend up by 9%, thus the most in more than a decade and buying up tv people visio to billing dollars. stuart: home depot is not doing well. >> soft report card, sales fell 3%. it was down 2% earlier and now a little higher because numbers
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work better than expected even though they felt. that sometimes is how it's interpreted. the bad news is the number of transactions fell and amounts on each transaction declined. he. stuart: kevin o'leary says he will never invest in new york city after the trump fraud trial. >> it doesn't matter what the governor says. new york was already a loser state like california is a loser state. there are many because policy, high tax, it was already in the top of the list of being a loser state. i would never invest in your now and i'm not the only person saying that. >> look who's here now, dorgan belford is with us now, wolf of wall street. what you think about that decision? would you invest in new york city? >> is a little more nuanced so new york born and bred, there
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are things happening so-called loser state, high taxes and so forth but if you're on the right and you want to be vocal about it, you should be careful before you invest in new york state. the there obviously coming after you. it ratchets up, if you want to be vocal about it than you should not invest if you want to run for office on the right than get out and never look back. if you're on the left, there might be other pressures driving prices down because people on the right will be hesitant but you got to be -- if you're on the right side of the aisle politically, this is weapon icing justice because it's obvious and everyone knows it, it's ridiculous. stuart: your same thought out the courts in new york city are heavily politicized against people who are conservative. >> i'm hoping when it gets to the appeals court gets overturned because at this le
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level, it's politicized and. stuart: nobody lost money. >> even the amount bears no relation to anything that assembles reality so it is ridiculous. stuart: for $50 million in 30 days. nobody that does business in new york can lend him the money. every bank does business in new york. >> you will find the money, i have no doubt he's not going to let them take his property you will find the money somehow and he's going to win but here it supreme court because the whole thing is utterly ridiculous and he keeps going up in the polls because everyone knows how ridiculous it is because these attacks whether it's from here or georgia or anywhere else, they make him strong, he's a tough guy for sure. >> complaint to change the subject, he made a video recently saying youngsters should be top financial literacy in middle school, why start at that age? >> i would start earlier but
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they think it's so important that kids are financially literate because of the things you learn when you are young to stay with you deep inside so when you learn as an adult or play catch up but if you are top at an early age, you understand your money and how to manage and how things work, i think it's going to put any kid in good standing for the rest of their life and who they are versus being confused. overwhelming confused by anything about finance, banking and money management but if you learn it at a very young age, i think you are better off. >> it should be on a basic level, how do you save money, how do you make a budget? organize spending? >> what is a credit score, how do you use a credit card? >> these things are mission-critical because you seek so many people as adults that are lost and it's not that collocated. when you learn young, it's
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building blocks so you learn the basics but as you get older you out on and you're an adult, it's second nature. >> i was going to say tell the kids how to organize their checkbook but they don't have checkbooks these days, do they? >> that is good and bad because i used to be able to memorize, growing up new a lot, i don't anyone other so learning how to physically balance a checkbook, you learn more about what's happening and now is just like here's what i have and here's what i spent, done automatically is good but it can be a trap. >> also just counting money. everything is swiped, apple pay, credit card, the value of the dollar and counting change and all that, a lost art. >> it's not like real money when you venmo. >> i know well, when they went to college they lost their bankcard and they were panicking and they owed everybody money because they weren't aware they could go into the bank to get
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money at the window, they came out of the machine magically in the said you could go -- what? you can go inside the bank? it doesn't come out of the magical hall. [laughter] stuart: something else in a moment, a new report that shows going to school, college might not be worth it. some high school credits are out running people who enroll in higher education. >> it's depressing so the study was done for ten years after enrolling in college. one in four of those college attendees made less than those who graduated from high school meaning income is less than 42000 a year. 8% on less than $22000 a year. i'm using the word enroll, it's not a graduate. your kids are graduating college. 64% of students have actually graduated with a four year degree.
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many two thirds of kids are saddled with debt and no degree. i used to think the better school you go to, about at the job you get which usually equates to higher earnings. >> the value of higher education is going down the neck certainly so but it depends on what you're studying so if you want to be a professional, a doctor, a lawyer or something that really requires a degree then you should go to college go to the best school you can and make the most of it but all of these other softer subjects like gender studies and other stuff, what are you going to do with that? it's a waste of time so i'd rather see they were going to the world professionally, no reason to go to college. a social experience, the social experience has gone down the tube so you get brainwashed in a negative way in my opinion going to college unless you want to be a professional, i would have waited like the plague.
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>> i think your opinion resonates. you're all right, thank you for joining us. overwhelming majority of gen z workers blowing off job interviews. they just don't show up. give numbers on this. >> remarkable 75% say they've ignored an employer in the past year but the youngest gene generation, gen z worst offenders, 93% say they've flaked out of an interview. this is according to a survey by implement website indeed is served 1500 businesses in 1500 looking people in the united kingdom. even worse, a staggering 87% managed their way through the interviews, secure the job, sign the contract and leave their new boss stranded on the very first day so why would you do that? according to the survey, and makes them quote feel in charge of their career.
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what career? they are not showing up. the pole found the cost of living crisis even worse with around 40% and admitted they are more likely to ghost if they find a job offering better pay or cheaper commute. stuart: these youngsters, i tell you. >> get off my lawn. [laughter] next, king charles out of action for longer dissipated. could prince william access regent? about prince william, prince harry split? been. the teacher in rhode island sounding the alarm on a literacy program to schools. she says it will indoctrinate children. the teacher will make her case next. ♪ in
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both hard stay homesick what's okay to go to class. actually, this problem before : so what is the issue now? >> it's the lingering impact of covid ring the pandemic, when schools were actually open, teachers were advising parents to keep the children home and any sign of sickness because of the fear it could be the virus but now we got back to normal, the measure of success is not apparently, chronic sin deism has skyrocketed since covid and administrators struggling to find a balance between buddy students stay home and the consequences of children missing school. we know how devastating that can be data shows lower test scores are directly correlated to absenteeism. some educators call it a national crisis say communication with parents keep
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with both combating absenteeism and updating health guidance. the message here, a simple and a cough does it mean to me should stay away from school. stuart: whatever you say, ashley. [laughter] going to get serious for a second. a teacher in rhode island sounding the alarm on a government-funded media literacy program that reportedly promotes combating disinformation. that teacher is ramona and she joins me now. you say this program will indoctrinate children. what you mean? >> first of all, shame on the department of homeland security for extending what was meant to be a terrace surveillance extremism and what the department of homeland security is done is basically created a government snitch and student and former program being rolled out here in rhode island under
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the name media literacy. stuart: what does it do exactly? our kids asking about? >> there are a variety of steps and ways this media literacy is rolled out into k-12 education and one of the ways specifically is very alarming. every parent should be concerned about the fact that this so-called media literacy program is giving teachers the right to sort of isolate children in the classroom may have different points of view from the teacher. i'll give an example, should a teacher feel there's something worrisome children may be exposed to in the medium? people and bring that up in class and get a sense of who's in agreement and disagreement and set out to isolate those
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voices. this is nothing short of an assault on the first amendment only this time you're talking about kindergartners through 12th grade. >> is this a mandatory program or a suggestion? >> it is been being rolled out and integrated within the curriculum and not mandated although schools for example, my school has as an integrated curriculum content so in other words, media literacy is now part of every english class or it might be part of history class and it looks different but the one common denominator is any child who expresses what is subjectively referred to as violent extremism, and i'm
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putting that in quotes, or disinformation is isolated by the teacher. there are steps that follow isolation which are dangerous and alarming. >> thank you very much for bringing this to our attention. i didn't realize how serious it was. thanks, ramona. appreciate it. high school in massachusetts begging the government to send in the national guard. that's an extreme request, what's going on? >> how bad can it be to call in the troops? according to some members of the school committee come up the national guard is needed to stop violence and address security succumbs at a troubled high school in south boston, four of the seven members of the school board back to the national guard request is now being sent to the governor's office, they say teacher shortages and budget deficits have made the situation worse. cardmembers could be used as hall monitors or substitute
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teachers. remarkable. robert sullivan serves as chair of the school committee, says he has forward request of the governor even though he opposes it saying national guard soldiers are simply not the answer. stuart: thanks. it's time we show you the dow, the market, a split decision almost exactly. half up, half down. the dow down 44 points. 38000583. prince harry reportedly filling to return to his royal duties if asked. in aid to king charles allegedly said there's 0% chance of that happening. neil will tell us what's really going on over there next. ♪ in.
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the duchess of york with her medical problems and of course the king. a little bit than on the ground. what's interesting about this particular story is that as you often notice with harry and meghan, it's never them together, he always has to go ask for things whether it be disney awards, voiceovers, that type of thing. he was really hoping for was reproach meant from his majesty, 15.
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but i suspect the brave move because over here, who would risk putting him in the public? he was booed in canada, what would it be like here? stuart: in aid to king charles says there's 0% chance for this to happen so you're discounting this completely. not going to happen, right? >> they truly the british public, we own the royal family and the bottom line is too ri risky. harry possibly, megan markle one 100% no. she's seen as the bad apple of the two promote the worse of the two. >> what's this about prince william acting as king charles health deteriorating? >> we hope it doesn't happen of course and we wish king charles the best for speedy recovery but this is the possibility. what you have to remember is we've got a situation here and we all know anybody goes into
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any treatment procedure, the timescale is difficult to say who can come back. you got to be right yourself and this is by an excellent source being discussed about what that would be and when you see, he's become whatever you want to say that he is a king and waiting but i know he would want to do anything to assist his father and that could mean he would take his place perhaps if recovery takes longer than anticipated but we are in the early stages but we just wish him all the very best. stuart: you have an update on king charles condition and what kind of cancer it might be? >> we have no idea what the cancer is.
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whatever people speculate about one 100% honest nobody knows. obviously apart from the inner circle. what we saw sunday when he was there, he said it looks like he's lost quite a bit of weight and for all of his -- you can see this has literally rocked him. i think the problem now is determined and thinks he can pick up and move on and that's not always the case. your health tells you what you're going to do and even the king will find this out. stuart: kate, princess of wales, is she recovering on schedule? [laughter] >> we hope so. again, very speculative. everybody talks about this return and obviously that's a projected period of time. again, nobody truly knows and we should not try as to why she
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went into the hospital, that's their private decision. i'm sure in time she will share evidence of there's hope in literacy full-time. i think would want that given the resources. >> i get the impression the royal family has improving image is more popular given these illnesses, is accurate? >> you know, valid points there. i think it makes them relatable, it just proves he gets everybody at some time. particularly with the duchess of york, a difficult time one can imagine in his majesty the king who knew about this before we did of course and now of course catherine so it makes it incredibly relatable into these terrible circumstances and more connectable. they are like us, they are hu
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human. stuart: see you again real soon. a real turn, change of subject. how much of your teeth, a quarter, half of your teeth? two thirds, what is it? the answer when we come back. ♪ .. exams and x-rays for new patients without insurance and 20% off treatment plans. making it easier to get started with quality care. it's one more way aspen dental is in your corner.
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stuart: what a question. how much of your teeth are in your gums? supposedly said a quarter, a quarter of your tooth is inside your gum or 3 quarters outside? what is your answer? ashley: the brits and teeth questions again. i would say number 2, third. lauren: i'm thinking of the size of the root. i will say half. stuart: i'm going with number 2, one third. the answer is one third. thank you. another tooth, your teeth are like fingerprints. it is completely unique, even identical twins don't have matching teeth. thanks for being with us. coast-to-coast starts now.

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