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tv   Varney Company  FBC  February 27, 2024 9:00am-10:00am EST

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maria: welcome back. i want to thank this fantastic panel this morning. look at markets here, negative right now. final thought, you're looking at value. >> value stock stocks. [laughter] maria: all the way. all right. thoughts? >> the death if knell of nikki haley today in michigan. gotta be. >> i'm going to wendys. [laughter] maria: see you tomorrow, everybody. we have a mixed story with the dow industrials negative but the nasdaq and the s&p 500 higher by a fraction. a big show tomorrow, don't miss it. "varney & company" picks it up. stu, take it away. stuart: good morning, everyone. a breakout for cryptos. cryptos this week playing catchup. earlier this morning bitcoin hit
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$58,000, and etherium touched $3,200 for the first time. now, we're told that some large players who have been out of the market are now moving in. and and just yesterday micro strategy announced it had bought 3,000 bitcoins for $155 million. that stock is up $84 this morning, that's 10. it's actually a big political day as well. primary day in michigan. at issue is how much support biden gets. there's a campaign to write in uncommitted because some beganner thes -- michigan michiganders aoppose. the president made a major announcement in an ice a cream store standing next to seth meyers, a comedian. the optics look really bad. we may be at the turning points in the immigration with debate. new york's mayor adams wants to end the city's sanctuary with status. that's a real turn-around.
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and the backlash in georgia to the murder of a nursing student is intense. the alleged killer is a migrant from venezuela. a local republican congressman says biden and mayorkas have blood on their hands, end quote. to the markets. stock stocks holding pretty steady. dow up maybe 20 at the opening bell, nasdaq up maybe 40. interest are rates holding pretty firm, the yield on the 10-year at 4.29, moving up a little bit there. and the 2-year, last time we checked it was at 4.69, and that's where it is. gas, $3.27 for regular, diesel is $4.07. on the show today, we'll tell you what the president had had to say to rate night -- late night comedian seth meyers. lots of softball questions and playing it safe. the interview was tape thed just in case it had to be edited. it is tuesday, february the 27th. it's 2024. "varney & company" is about to given. ♪
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♪ ♪ stuart: oh, okay. this song is get ready for this. okay, i got it. i got it. we don't have the normal monitors in the studio this morning, so i can't read the name of the music off the monitor. oh, there it is. get ready for this, we're getting ready, of course, for the michigan primary. laura: lauren: it would be today. polls are open. stuart: good morning, everyone. biden is facing a campaign from progressive dem9 cats to get voters to -- democrats to write uncommitted. the goal of this campaign is to secure, what, just 10,000 uncommitted votes. >>some that's not much of a protest. >> i'm going to match the enthusiasm in that room with the enthusiasm in my an for this protest, it's nothing. but there's a caveat.
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obviously, biden is going to win the democratic primary. that is not in doubt. however, if enough of those individuals -- and that 10,000 number's kind of interesting -- if joe biden loses the muslim, arab of 34er7b vote in november, he loses the presidency because he can't lose michigan. he has to have it. the reason i said that 10,000 number is interesting, i think that's around the margin that he lost michigan. if he loses 50, 100,000 of the arab-american vote, if they all decide not to vote for him, it doesn't matter if they vote for trump or not, trump's going to win michigan and the presidency. so the big takeaway, this is much ado about nothing today. if it happens in november, huge deal. stuart: todd, stay there, well, you're with me for this one. biden sat down with seth meyers last might and was asked about his age. watch this. >> this isn't a gotcha show, but i do want to ask about it that a says you are currently 81 years old. >> who the hell told you that. >> according to recent polling,
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this is a real concern for american voters. how do you address that concern going forward as you come up to the 2024 election in. >> a couple things, number one, the other guy's about as old as am, but he can't remember his wife's name. this is a guy who wants to take us back. he wants to take us back on roe v. wade with, a whole range of issues. stuart: i mean, this is not about his age, 81, it's about his mental competency. that's what it's all about. >> you said it perfectly. maybe glass houses joe shouldn't be throwing stones about trump and the wife. if we made a list of every single dumb thing that you said, we would not have time the film in today's show. but when it comes to idea with, he said trump's ideas are old. i wrote down some of trump's old eyes, enforce immigration, restore the american values of law and order, and, of course, go back to a time when there were two genders. i'm pretty sure the majority of the american people would like those old values as opposed to
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the new cockamamie, to use a joe biden word, ideas that are, quite frankly, destroying america. further stuart that is destroying his -- that is his word, ask and it's destroying america. thank you, todd. former obama aides are publicly calling president biden frail. an interesting word. what else did they say, or lauren in. lauren: the mumbling is obvious, it's repeated, and they're concerned about it. here's obama's former speech writer. >> if you watch joe biden speak, often times he sounds frail, and he sounds more frail than e used to -- he used to even in 2019 and 2020. now, that may and, i think, doesn't have anything to do with how sharp he is mentally. but the voice sounds frail. and he shuffles more because of the arthritis this in his back. so for most people in the country who are just watching him be president, what do they see when they turn on the
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television? if. lauren: yeah. weakness. finish other aides say, well, white house, put him out there more so he can assuage voters that he can do this. he's fit to run. if you can't, then he shouldn't run. and david axlerod says cockamamie made me think of this, let joe be joe. he has a temper. show it, right? if leading to his personality. stuart: what do you say, todd? >> i mean, maybe he shouldn't talk about major foreign policy with an ice cream cone. but with regard this, how many times can i say, yes, the man is frail? when you talk like that, it is a sign of presidentially early onset dementia or something worse. obviously, doctors need to diagnose that, but it's there's something not right. this is no shock here. obama's people are right to be concerned about it. joe's wife should be a little bit more -- stuart: this tells me obama's people have a very big hand in the campaign. is obama running it? >> potentially unrunning it to put in, rumor mill here, michelle obama. we'll see.
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lauren the solution, according to three former obama aides, is to put him out there m right in. [laughter] even if it's a risk. stuart: it's a huges risk. >> you put him out here more doing his themmer thing -- temper thing, i guarantee he says something a racist, homophobic, misogynystic that gets him in trouble with his race. todd piro, the mentalist, is predicting if you let him go hog wild with his temper, that's what's going to happen. stuart: i'm moving on, because you're on dangerous ground. let's get back to the markets, please. check them out. it is tuesday morning. not much movement in stocked today. we've got the dow maybe down 30, nasdaq up maybe 42. the real action this morning in the financial markets is in bitcoin. earlier today it hit $58,000 a share. right now it's 56,8. mike lee joins us this morning. we are told the big players are moving in to the bitcoin market, the crypto market. is that what your seeing?? --
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you're seeing? >> stuart, i'm seeing a multitude of factors. i expect more big players to continue to come in as the etf gets rolled out. it's getting approvedded on various platforms. just because they went public doesn't mean every brokerage firm is going to offer it, every financial adviser can sell it to their clients so as that's happening more money is flowing into the etfs. and the congressional budget office is completely off the mark on the amount of revenue that's going to come into treasury. they're predicting a 10% growth in tax receipts this year. but revenue is tracking down between 8-9%. that's almost a 20% difference between what they're expecting and reality which means our budget deficit is likely to be well in excess of $2 trillion this year. more money printing, more destruction of fiat currency, bull case for bitcoin. stuart: interesting. are you still the reallying really big on nvidia? i mean, or last time you were
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here i think you were looking at $900 or $1,000 a share. >> stuart, the -- [laughter] look, in the last two years its earnings are off by over a factor of 6, and the stock is only up like about 4x, rights? a little bit less. so the reason high the stock is up is because the earnings are up. and the earnings could triple over the next couple years. so i think nvidia has a very long runway this in front of it. and and what nobody talks about is how much money they're going to make on the services. similar to apple, when they rolled out all these iphones and you had a big install base, now everybody's got the up vid ya gpus, they can go out and sell services to them, and that's where the company's going to pivot. if the ceo is right and in two years it's a $300 billion market, if nvidia's market share goes from, say, 99% where it is now town to 90%, they're gown to make $130-140 billion just off
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the gpus, not including, not if including the services and the other things that they can sell. so this stock has a long way to go. it's much cheaper now than it was two years ago even with the run areup. stuart: okay. we're going to leave it right there. you are obviously an nvidia fan, and we'll be following it along with you. thanks, mike. see you later. we have the latest case shiller report on home prices. just a reminder, please, these numbers are from december, so they're two months old. take that with -- not a grain of salt, but give me the numbers. lauren: bottom line, home prices up 6.1% in december from last december. largest increase in 13 months. where are prices going up the most? if san diego, up 8.8 on the year with, followed by los angeles. stuart: and that was up until december of last year. lauren: correct. stuart: got it. thanks very much, lauren. coming up, during his ice cream break with, president biden laid down a very important announcement, a possible ceasefire in gaza. watch this.
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>> could you give us -- [inaudible] a cease fiewr will start? >> my hope is by next monday we'll have a ceasefire. stuart: okay. that is a pretty big announcement to come out of an ice cream shop. more on that later. democrat mayor of new york, erin adams, is -- erin adams, is fed up -- eric adams, are the chickens coming home to roost on immigration? that story's next. ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists not only in investing, but also also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission -based products, right? (fisher investments) no. we have a simple management fee structured so we do better when our clients do better. (other money manager) huh, we're more different than i thought!
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stuart: all right, this is the standout market today, cryptos. bitcoin earlier was at 58,000, now it's 56,8. stock futures not showing much price change this morning.
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dow down 30, nasdaq up 40. new york city's a mayor, eric adams, calling for change to the city's sanctuary laws. madison alworth with us. what specifically does he want changed? >> reporter: stuart, he wants migrants that commit violent crimes to be turned over to i.c.e. right now, because new york city is a sanctuary city, that can't can't happen. >> those small numbers that are committing crimes, we need to modify the sanctuary city law that if you commit a felony, a violent act, we should be able to turn you over to i.c.e. and have you deported. it is a right to live in this city, and you should be not committing crimes in our city. [applause] >> reporter: now, this move, a change for adams who had promised that, quote, new york city will remain a sanctuary city. it's not the first time that adams has suggested changes to sang chew a ware law, but it comes after a series of violent
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incidents involving migrants like when a group allegedly attacked new york city police officers. now new york city has slashed spending on migrants, but even with a 30% in spending, the crisis is still going to cost this sanctuary city $10.6 billion through the middle of next year. finish in denver, home to more migrants per capita than any other city, officials are tapping into their 2024 the savings and already pulling several million from the if budget. it has meant already a reduction in services like reduced hours at the dmz and the rec centers. in chicago mayor brandon johnson has allocated $150 million for migrants in this year's budget while the state and county have agreed to spend an additional $250 million. that's not sitting well with minority residents who say migrants are being with prioritized over local communities. but while there are talks of change in new york city, at this point nothing has changed. so when these hundreds and thousands of migrants come into new york, they arrive to the
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roosevelt hotel behind me, processing center, where they are then given housing, food, education and health care all for free on the taxpayers' dime. stu? stuart: only felons get picked up by i.c.e. and deported. that's quite a change but not big enough. madison, thank you very much, indeed. rachel campos duffy was with at the border asking migrants who they prefer, donald trump or joe biden. watch this. [speaking spanish] donald trump or joe biden? >> joe biden. >> joe biden. [speaking spanish] trump or joe biden? >> joe biden. >> joe biden. trump or joe biden? >> joe biden. >> trump or joe biden? >> joe biden. >> trump or joe biden? >> joe biden. >> we're asking joe biden to help us, to help us accomplish our dreams here so welcome get ahead. stuart: all right. now take a look at this. elon musk recently posted, here's what he's saying.
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dems won't deport because every illegal is a highly likely vote at some point, that simple incentive explains what seems to be the insane behavior. charlie hurt joining me now. wrap it all up, charlie, and it seems to me like we are at a turning point on immigration. what say you? >> i think you're right about that. we certainly are. although, obviously, it's going to take a little bit more time to get democrats onboard. they're so busy lying about their record and specifically president biden lying about his record with regards to the border that it makes me sort of worried that it might be a little bit longer before they actually come to grips. what mayor adams says is very interesting. he says he now wants to deport felons, but the problem is you deport a felon, and a felon comes right back into the country. that's the problem. when you open your border and let anybody into the country, you don't know who is coming into the country. and the democrat party, this has been a very thoughtful, this has been a very intentional a policy of the democrat party led by joe
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biden which is to give free welfare to illegals who come in to the country, let the board -- open the border, let them come inning, give them sang chew air and force tax wayiers to pay -- taxpayers to pay billions and billions of dollars not only for more to come into the country. so joe biden and eric adams, they can try to change course now and they can try to claim that, oh, no, they've always to known this was a problem or but it's their policies that they fought desperately for against sensible policies of people like donald trump that have put us in the position we're in the right now. stuart: i wonder what president biden will say today when he goes to the border, he's going to the brownsville section which apparently has been very quiet recently. trump is going to another part of the bordered today where it's been very busy -- border today. what's biden -- do you think biden's going to say, hey, look, look what we did for you in it's quiet here. >> i think he's going to be doing the same thing he's been
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doing for the past couple weeks which is just absurdly claim that it's somehow republicans' fault in congress that they didn't pass this bill. they have -- house republicans have a bill. it's h.r. 2, meaning it was the second proposal they came up with after they took power of the house. that seals the border, that puts back into place all of the policies that president trump had in place that basically, you know, obviously he didn't fix all the problems with immigration and all the problems with the border, or but he got us to the lowest level of flow of new illegals into the country that we've had in 40 years. stuart: exactly. >> and donald trump did that with basic, just the executive orders that he had access to at his dispose ifal. every single one of which joe biden undid on his first day in office because today don't align with his open borders policies. stuart: i should correct something. the president and donald trump go to the border on thursday of
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this week. >> right. stuart: got that. charlie hurt, thanks for being with us. >> great to see you, stuart. stuart: thank you very much. lots of speck laughs about trump's vice presidential -- speculation about trump's vice presidential pick. who dud he meet with at mar-a-lago? >> republican south dakota governor kristi noem who's rumored to be on the short list, this according to a report in "the daily caller." others include florida governor ron desantis and vivek ramaswamy, both president trump primary opponents. you see tim scott there. tulsi gabbard, she's got a d in front of her name. elise stefanik also being talked about, but i think we're a ways before we get to this point. lauren: i believe a lot of them are calling mike pence asking how do you get through the vetting process, how do you appeal the trump that he wants more of you? stuart: my guess is still sarah
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huckabee sanders. lauren: i think it's going to be a surprise. i think the pick will surprise all of us. >> stuart very nebraska for vp in 2024. stuart: i think not. moving swiftly along, the opening bell's coming up soon. we're up 38 on the nasdaq, and we're down 45 on the dow. not much movement. the opening bell is next. must be new. ♪ ♪ if trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies.
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stuart: not much movement when the market opens, dow down 40 right now. david nicholas joins maine why are you so bullish -- me. why are you so bullish on cybersecurity stocks? is it a.i.? >> stuart, that's part of it. two the reasons. the first is geopolitical risk. i think between now and the elections china and russia are only going to ramp up cybersecurity attacks here at home, so u.s. company have to be prepared. the second one, yeah, is a.i. stuart, a.i. is exciting, but it's a double-edged sword because sophisticated hacking attacks that would take six months to build can now be done in a matter of days with a.i.. that is a big threat to u.s.
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companies, so the number i read, 80% of fortune 500 companies are going to increase spending on cybersecurity this year. that's a big deal. stuart: how far have they got to run? pa palo alto's at $317, up $15. however do these things go? do they get another 10%, 20% on top of this? >> stuart, you're right, cybersecurity stocks are richly valued. take a name like palo alto, that stock pulled back after earnings, they gave bad guidance. but one thing i'll add, nancy employees she on the pullback bought between 500,000 to a million on call options that expire a year out. she's one of the best stock trade terse i know. lee going long. i think there's still upside. it's going to be muted, but i think we're going to get some upside. stuart: warren buffett said recently, i'm quoting now, anything beyond slightly better for the market is wishful thinking. that is not very optimist ec come -- optimistic coming from a successful investor. >> you're right. fascinating report over the
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weekend. i went through it, and your exactly right, it was shah of a dire warning to investors. look, you shouldn't really expect a whole lot. he even alluded to the best days were behind us, and this is a guy who's been through many market cycles, and he's giving a pretty clear warning. he's actually said there's nothing internationally that we would buy and only a few companies here domestically that would even move the needle. so as we are investors looking to allocate capital, the guru, the man himself has a very clear warning that the best days may be behind us at least temporarily. stuart: but you found value in cybersecurity, and that's where you're putting your must be. thanks very much -- your money. thanks very much, david. see you again soon. here we go, we're about to start the market. it is a tuesday morning, and the bell rings. that's about 10 seconds before trading actually starts. press the button, please. press it. thank you. the market is now open. we've opened hoe or on the dow industrials to the -- lower to
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the tube of 43 points down. ab even split between winners and losers at this point. mixed market to open up with. the s&p 500, where's that in the very, very early going? it is up a tiny fraction, .08%. how about the nasdaq composite? hoe me that one, please. -- show me that one, please. up about a quarter of 1%. if you show me big tech, there'll be a few winners there. yes, there are. alphabet and apple up, microsoft down 20 cents, and amazon is down 58 cents. you've got to take a look at nvidia, the stock of the week, month, year with, whatever. 792 is the price right now. it's up just $1. not much of a price move. nothing like we're used. to let's start with a couple of retailers that reported before the bell. start with macy's. lauren, what have we got there? lauren: or up 2%. not a good report, but they're closing 150 stores to save of money, and they're making bloomingdale's and blue mercury,
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their more luxury brands, a priority. they're forecasting annual sales below wall street estimates on weak demand can for clothing and for shoes, and this is what troubled me, their credit card use. credit card revenue fell 26% in the quarter for macy's because more bad debt. customers aren't paying their bills on time. stuart: thanks so much,ing lauren. now, diy drag -- lauren: do it yourself drag killing lowe's. do it yourself is 75% of their sales. people are fixing things in their homes, but maybe they'll just buy the kitchen sink instead of redoing the whole kitchen. lowe's came back with a down beat outlook, yet the stock is up 1.5%. they're expecting sales to fall as much as 3%. stuart: that threw me a bit, diy drag. should have said lowe's, then i would have understood. zoom, obviously, the video conference people. they're way up, 7.
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lauren: okay, fine, but they were $500 more than they are right now back in the leiday of covid at -- heyday of covid. yes, they are having a good day because they reported a double beat, as we like to say on wall street. better earning, better revenue. but look at this, they have 220,000 large business customers, more than 500,000 customers that are using its artificial intelligence on those video calls. that a.i. option is still free, and they announced a 1.5 billion buyback. stuart: well, there to you go. that's up 7%. lauren: i should have let with that. i'm sorry. stuart: expedia with. i know they're cutting jobs, and i don't i understand it because i thought people were traveling a rot. lauren: we are, but we're traveling more like we did back in 2019, not 2022 and 2023. so they're cutting 9 of their staff, that's 1500% -- 9% and, yes, they're also using artificial intelligence to do jobs that humans do also. when we speak about experiod what i often -- ec media, i
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often forget this, they own vrbo, so this is a huge portfolio of brands with. stuart: sure is. video game people, where are they? they are down 15%. lauren: i know. the problems are guidance and and their management. if so for this quarter they say revenue will fall 16%. that's a big deal because when thinking of the metaverse, if you will, they make the software for the a.r. and the v.r., the experience that gets you there, right? so if demand is going to fall, that's not a good sign. and they're also recovering from former management's move to raise prices for their developers. that really annoyed the market, and it's taken them a long time to recover. in fact, they fired a quarter of their taffe in january just to get back -- staff in january. they got an upgrade at pipe sandler. that's not helping the stock. stuart: i don't see a clear trend today. the only clear trend is in the cryptos. bitcoin, straight up. but stocks not doing that much, frankly. now, bitcoin is rallying, 57,000 right now.
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the crypto stocks are up too. lauren: they're all up. you have bitcoin touching $58,000, right? bitcoin is up 34% this year, right? two huge reasons. i mean, there's many. i'm going to pick two. this comes from anthony pompliano, a major bitcoin investor. basic e con 101, institutions are buying 12 times more bitcoin via the etfs than the network actually produces. finish that's each day. that's going to get worse when you have that hahing -- halving event in april. and the send is you had micro strategies, a major crypto investor, buying $150 million -- 155 million more of bitcoin. it's up 0% in two days. -- 10%. yesterday a alone, $2.5 billion went into the etf pz. stuart: it might be like nvidia, that kind of blockbuster move. lauren: except bitcoin's a lot more volatile. stuart: we're going to put some cruise lines up -- you know i
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hate, i don't like looking at the cruise line, but they're all up. lauren: look at norwegian, 13 plus, because they say they're about to turn a profit, and it's going to happen this quarter. record bookings for cruise lines. not only are the advanced bookings better than they were back in 2019, they're 56% higher than they were in 2019. stuart: everybody wants to go cruising. lauren: yep, not me. stuart: more me. check the big with board, we're now down 100 points. it is, in fact, just over a quarter of 1%. you're down at 38,953. dow winner, there are a few headed by -- let's see if i can see them -- goldman, dow, walt disney, clear way energy and caterpillar, they're the winners of the dow 30. the s&p 500, the top gainers there, or norwegian cruise lines, carnival, royal caribbean, constellation energy. cruise lines doing well today. and the nasdaq winners, i'll there's no big tech on there -- lauren: palo alto.
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stuart: i don't call them big tech. they are big and they are technology. palo alto is up $13, that's 4%. micron technology up 2.7%. and marvell is up as well. the yield on the 10-year treasury no longer quite as important as it was a week ago. we've got that at 4.29%, and that yield is up. the price of gold still above $2,000 an ounce, 2,045. bitcoin, back to that, $57,000 last time we checked, 57,1 right now. oil, mid $70 a barrel range, $78 now. picking up a bit. nat gas still below $2 -- the price is down, okay? if 1 million british thermal units will cost you $1.67. we okay on that? yes, sir. the average price for a regular gallon of gas, $3.27, and diesel, $4.07 a gallon. coming up, c. phil rattled cohosts of the view after he criticized pandemic school closures. watch this.
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>> are you saying no school children died of covid? >> i'm saying it was the safest group. they were the less vulnerable group, and and they suffered and will suffer more from the mismanagement of covid than they will from the exposure to covid. and that's not an opinion, that's a fact. [applause] stuart: whoopi goldberg wrapped up the discussion very quickly after that. it's primary day in michigan, and the polls are open. trump's hoping to cruise to victory carried by blue collar workers. we're live at a polling place in the crucial swing state. we're talking to voters, that's next. ♪
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stuart: show me amgen, please. it's harply lower. by the way, amgen is a dow stock, so that one stock
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accounts for a chunk of the dow's 105-point loss. health care in general is the largest drag on the dow. okay, the overall markets9, not that much movement 12 minutes n. dow's down 1000, s&p down -- 100, s&p down 3. donald trump and nikki haley face off in the michigan pri may. grady trimble is in bloomfield. what are the voters telling you? >> reporter: stu, one of the most important issues for progress i voters and a real test for president biden here in michigan is his handling of the war many gauze what saw -- gaza. for republicans though, it's all about the economy, crime and all the a way up here near the canadian border, stu, immigration. finish. >> they're moving all over the country. there's no such thing as a only a border state anymore. we're all border states now. and they are coming from the north border also. >> there's no process left. it's uncontrolled and unvetted
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really. >> reporter: former president trump is counting on voters like those as well as blue collar workers to carry e him to a decisive victory today as he looks ahead to the general election in november. he's seizing possible vp picks. he met with kristi noem at mar-a-lago yesterday, but former south carolina governor nikki haley is doing everything she can to to stop trump or at least eat into his lead here. while trump says the party is unified, she's making the case that's not true, and she says he's bad for michigan. >> they're now lost the governor's race, the governor's mansion, they've lost the statehouse, they've lost the state senate. the party is completely divided, and that's not just michigan. we are seeing that all over the country. >> reporter: and on the democratic side, president biden is losing support for michigan's arab-americans and young voters. lee trying -- he's trying to fed if off a campaign from
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progressives encouraging democrats to vote uncommitted and not for biden today. one voter told fox she sees it as a way to bring down biden. we should note, stu, that in the gop primary 16 delegates are up for grabs. the rest are of the state's 55 delegates, 39 of them, will be divvied up at a state gop-run convention this weekend, and so we'll see where the rest of those delegates go on saturday. stu? if. stuart: grady trimble, thank you very much is, indeed. bret bair is with us this morning. good morning. >> hey, good morning. stuart: what's the state of play in michigan? are you watching for anything in particular tonight? >> i actually think the democratic side, to grady's point, is going to be interesting. unmitted, which is on the -- uncommitted, which is on the ballot, if it goes up in points, it's pretty embarrassing for the president. i think it may be, this is cynical, but it may be one of the reasons that he says a ceasefire is imminent even though israeli and hamas officials say they have no
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indication that any ceasefire's imminent. so when he says that publicly the day before the michigan primary, obviously people's eyebrows go up. stuart: yeah. i wanted the talk to you about that a because biden did, indeed, discuss a possible ceasefire in gaza while on an ice cream outing with seth meyers. watch this please, bret. >> can you give us a -- [inaudible] when you think that ceasefire will start? >> well,ing i hope by the beginning of the weekend -- the end of the weekend. my national security adviser tells me that we're closers we're close. we're not done yet. my hope is by next monday we'll have a ceasefire if. stuart: forgive mentioner bret, but i'm shaking my head at that. consider the optics, a mayor news announcement, nearing a ceasefire, while getting ice cream with seth meyers. there's something wrong with that picture. >> here's the thing, it literally may be just putting it out there, and who knows?
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i think that we're -- there's no indication from the israeli or the hamas sides that there's a major breakthrough imminent before the end of the week. but maybe the president knows something different and he wanted to share that during the ice cream cone. but i agree with you that the optics don't look great. stuart: it looks at the moment like it is shape ising up to be trump versus biden, no way around it. is that accurate? >> that's true. that's very true. i think it's probably those two, and the question really becomes if there's any third party activity that disrupts that or changes it. already robert kennedy jr. is, you know, he's making an impact. he's getting above, he's getting double digits, into the teens. and, you know, that could affect some really close states. if you have another candidate, you know, there's talk of nikki haley flirting with no labels even though she's said that's not going to happen, you know, there could be some disruption that really throws this thing up
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in the air. stuart: and perhaps one of the big unknowns is the impact of any trials or verdicts that trump may face in the runup to the election. that's an unknown pause we don't know how the voters -- because we don't know how the voters will react to that. >> that's right. and right now in the republican primary it has solidified his support, the former president's support, and and increased his money grab donations. but as far as independents, suburban with women, how would that work, you know, with a conviction? the question now is really a race against time, stuart, whether those trials will come to pass before the election day. stuart: bret, we love having you on the show because you clearly love politics and so do i. >> i do. [laughter] stuart: we'll watch you tonight, "special report," 6 p.m. eastern only on the fox news channel. thank you, bret. coming up, a wave of criminality allegedly by migrants. the massive numbers involved since biden took office, the extraordinary cost of taking care of them allful we're now
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seeing real backlash to all of this. we've reached a turning point on the border and on immigration. that is my take, coming up, top of the hour. on the border still, it's doubtful an impeachment trial for secretary mayorkas will begin this week. the senate isn't ready to get the articles until the government is funding. we've got a report on that right after this. ♪ ♪ ♪ meet the traveling trio. the thrill seeker. the soul searcher. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control.
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stuart: oh, no, here we go again. government shutdown. congress has until friday, deadline friday, to come up with a new spending deal. chad pergram on capitol hill though. chad, change the subject. what does this mean for secretary mayorkas' senate impeachment trial? >> reporter: well, stuart, good morning, and it means the start of the trial might be delayed. no funding, no impeachment trial. a partial shutdown looms friday night, but bipartisan lawmakers believe there's still a way to avoid a shutdown. there's a big meeting at the white house today. >> what's more, a shutdown this week is entirely avoidable. we have the means and just enough time week to avoid a
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shutdown and the make serious headway on annual appropriations. >> reporter: mcconnell joins other top the congressional leaders from both bodies at the wows to talk about government funding, but it's -- at the white house, but it's unclear if lawmakers can avert a shutdown. here are the spending areas on the hook: military construction projects, agriculture programs, energy and water funding plus transportation and housing. even moderate democrats are dubious about an impeachment trail for mayorkas regardless of when it starts. >> that's ridiculous. i mean, play these games right now, you know. i don't know -- [inaudible] whether you like it or not -- [inaudible] >> you would vote to dismiss the articles if it came up? >> oh, in a heartbeat. >> reporter: but voting to end an impeachment trial quickly could pose risks for democrats. that can serve as a signal that democrats are not concerned about border security. >> every day the biden body bags
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are building up, and more and more people are dying, more and more children are being brutalized, more and more women are being sexually assaulted. and i've got to say, joe bide -- joe biden, kamala harris, huck schumer, the democrats in office a, they do not care. >> reporter: this is exacerbated by the killing of a college student in georgia by someone who was in the country illegally. stuart? stuart: chad, thank you very much, indeed. todd piro's till with me. let's talk about a government shutdown. it comes up all the time, and i detest reporting on it because it never goes anywhere. >> i don't remember this ever happening, now it happens every two months. a lot of it goes over everybody's heads, but the overall takeaway is we're doing this again? it makes everybody's faith in d.c. even less than the low bar it's already at. and it makes you question what are they doing? do they care about us, or do they just want to play their political games? and that goes for both sides.
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stuart: thank you, todd. thanks for joining us, we appreciate that. check those markets, please. 9:55. we're down 100 on the dow, up all of 3 on the nasdaq. still ahead, will haley's voters save the day for biden? if gerry baker says, do not bet on it. he's going if to be here. iran reduced its near weapons-grade your rain a yum stockpile -- uranium stockpile. now, that is a real surprise p. morgan ortegus reacts. the a vice president girls' basketball -- vice president girls' basketball team was banned from competing after they forfeited to a team with a trans player. the 10:00 hour of "varney & company" is up next. ♪ ♪
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