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tv   Varney Company  FBC  March 13, 2024 9:00am-10:00am EDT

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that as well, adam. >> yeah, you would think. and you walk around to cvs issues in new york city, everything is behind glass. i went in with a list of 20 things, my soap, my ham poo, and i said to the manager, are you going to have someone walk around with me and open 20 separate locks -- maria: and he said, yes. >> he said, yeah. i said, thank you, but i'm one of probably 25 or 30 people in here, you've only got 3 assistants. it doesn't work. crazy. maria: that's the issue, for sure. we are, what, 30 minutes away from the opening bell. for a wednesday markets are mixed. the nasdaq is lower by 52, s&p flat, down just 1 point. thank you, everybody, adam a, todd, lee are, have a great day, everybody. we will see you tomorrow right here, same place, statement asylum. varney and company company picks it up. stu, take it away.
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stuart: the die is cast, biden versus trump eight months from now. polls show trump leads in key battleground states. the president campaigns in wisconsin today, and all eyes will be on his every move. the democrats thought they hit a home run with the state of the union message, but polls show a large majority believes his performance raised fears about his age. same with robert hur's appearance before congress. democrats say the dock wriewments probe is case closed. they tried to say biden had been exonerated. hur denies that and says that word never if appeared in his report. quickly to the markets, and yet again bitcoin is the standout. it's broken above $73,000. the halving comes next month when the supply of bitcoin is restricted. supply down, demand up. the price goes up too. $72,900 right now. solid rally for stocks tuesday. the s&p hit another high. relative calm. so far today. if the dow up mabley 30 -- maybe by 30, s&p up 2.
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nasdaq had a iewj rally yesterday. interest rates moved up tuesday, the 10-year well above 4%, 4.18 right now. the 2-year treasury, that also is moving right around 4.5%, it's now at 4.61. how about that? if gold, holding fairly close to $2,200 an hundreds, 2,169. no change for gas, $3.39, no change for diesel, $4.03. politics. the ceo of tiktok appears on capitol hill one hour from now. east got a problem. the house will ban to -- vote to ban the app. 10:00 eastern. authorities in florida on guard with for mass migration out of haiti. the island is in chaos. this morning the marines have been deployed to the capital, port-au-prince, the protect the american embassy city. on the show today the, britain bans puberty blockers for anyone under the age of 18. that is a drastic move.
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former prime minister liz truss calls it the crazy result of gender ideology. it is wednesday, march 13th, 2024. "varney & company" is about to begin. ♪ ♪ ♪ just the two of us, you and i ♪ stuart: oh, of course. just the two of us. you know what that refers to, obviously? biden versus trump. lauren: trump-biden, yes. stuart: well done, producers. that was kind of obvious. still gray and not great on sixth avenue, new york. here we go. robert hur's testimony tuesday the has set off a fierce if political debate. did his report exonerate the president? did it show he's capable of running the president even though his decline has gone so far that he can't stand trial? lauren, good morning. take us through this. lauren: good morning.
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hur did not bring charges for joe biden's retaining of those classified documents, and he used the hearing to show his work. >> there the has been a lot of attention paid to language in the report about the president's memory, so let we say a few words with about that this. my assessment in the report about the rell advance of the president's memory -- relevance -- was necessary and accurate and fair. most importantly, what i wrote is what i believe the evidence shows and what i expect or jurors would perceive of and believe. i did not sanitize my explanation, or nor did i disparage if the president unfairly. i explained to the attorney general my decision and the reasons for it. that's what i was required to do. lauren: so he thought and he said voters would be sympathetic to a president who was diminished mentally. so i ask, why is trump facing 40 felony counts for the same thing? is it because, by inference, trump is mentally competent?
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stuart: good question with. not answered yet. lauren: huh-uh. stuart: now i, this a dem a accurate congressman, hank johnson, accused robert hur of helping trump get reelected. roll that tape. >> partisan politics -- >> or you are a member of, you are a member of the federalist society, are you not? >> -- and fair. >> are you a member of the federalist society? >> i am not a member of the federalist society. >> but you are a republican though, aren't you? >> i am a registered republican. >> yes, sir. and you're doing everything you can do to get president trump reelected so that you can get appointed as a federal judge -- [laughter] attached to another position in the department of justice, or isn't that correct? >> congressman, i have no such aspirations, i can assure you. stuart: oh, dear. descended to that. pete hegseth with us this morning. do you believe republicans made the case biden cannot be the president for the next four years in did they a make the case? >> in part. do you hear the way in which he said you're a republican -- [laughter]
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aren't you? it's almost like you're a communist. are you a communist? [laughter] i mean, the disdain with which someone doing an investigation might actually be a republican, you see they're used to cornering the market on these investigations. usually their fellow democrat friends who are very apt at wiping anything, everything under the rug. in this case, robert hur -- it's devastating to joe what was said in that report, no doubt. it's started a lot of panic in the white house. and this testimony sort of act a seven chaited that. certainly not a death blow to joe biden. it's a reminder of his vulnerabilities, another day where cable news is talking about his feeble nature and bad memory and how he's old, all of things which voters already know. voters know these things. to me, the frustrating part about this is all the revelations that he willfully had classified evidence, that he lied about it and yet they didn't pursue anything further than a report on him because, well, he's not donald trump.
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they'll do everything to donald trump, not to him. in this case i guess it's not a part san thing, it's just -- mine, he's the president. so there is maybe a higher bar there. but so is donald trump. stuart: exactly. >> and the standard should be applied the same way. stuart: cognitive decline has gone so far with biden that he can't stand the trial, but he can run the country. that's a contradiction which i've never understood. but i'm going to move on. trump locked up the republican nomination last night. look like we've got a rematch here. by the way, trump leads in seven swing states by my count. he's looking good at the moment, isn't he? >> absolutely historic. there's no other way to look at three cycles in a row locking up i a pay very party's -- a major party's nomination. i don't recall the last time it was done. was it done after term limits? i'm not sure. he has completely consolidated the base of the republican party, it's the rnc as a well,
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state party chairmen and in these key swing states, that number there is going to scare people on cable news. many those swing states, he's above the margin of error in those swing states. consider what he did this year, consider what they've done the him, stuart. all three of him are -- i mean, the first one was incredible, the second one us understood, he's the incumbent. but to do it a third time is a demonstration of political prowess that we haven't seen. stuart: pete, you've got to bring me up to speed on fox nation, they've got this sprung sale. which programs have been -- spring sale. which programs have been added? this is fascinating stuff, and you're in charge of this. >> well -- [laughter] i am, i am in charge of this, stuart. i will take that promotion. 29.99 for easter, a whole year. that's the lowest it's ever been for a year subscription is. you saw the chosen, you see battle in the holy land, a life of jesus on there, a lot of ways that families can look at
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faith-based, christian content going into east easter. fox nation's got more many its catalog than it's ever had. at that price, can't beat it. stuart: there's no place else like fox from showing christianity at its very best. pete hegseth is, you're all right. see you again soon. if the white house has responded to hur's testimony. what's the spin? lauren: they're still bass withing in the success of the state of the union, and they say that this is the cher arely on top. and they say -- cher arely on top. and they say bind is exonerated. >> i think the main thing to take away from today is two words for the american people, case crowed. there's, there's really no reason that anyone would need the awe audiotape. we have a transcript that's been made public. house are republicans asked for that, it's been released to them. it's to inform a transcript, that the official record of the proceeding, and that's how this worked. lauren: yeah. if you just release the audiotape, american voters can see for themselves. but that would be embarrassing.
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that would be very embarrassing for the white house. it would add to this news cycle. we keep talking about this because now we have the audio, and it would reenforce, potentially, some americans' opinions that this is an elderly man with a failing memorying who had poor judgment in this instance. what was the motivation for the poor judgment? stuart: tell me. lauren: jim jordan says the $8 million book deal. the writer got an advance, biden got money, here's classified information. stuart: that's a stinger. lauren, back to you in a moment. have a look at the markets. this is the wednesday morning. not much change so far. dow up a bit, s&p, nasdaq down a bit. please show me bitcoin this morning because it hit another record high. you're now at 72,9. it had been over 73,000. etherium also a continues its roll eddie ghabour with us this morning. eddie, are you into crypto at all? the i can't remember. >> we do not own crypto for our you are clients. the volatility for our clients in crypto is just not in their
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wheelhouse in their risk tolerance. but as i shared with you a few weeks ago, crypto year will probably continue to be the leading asset class because this is a are risk-on market just like 2021. and it's a perfect storm for goldilocks right now, for the risk assets, and crypto will be the leader and continue to be until this bull run ends. stuart: but you're not in it. so you've missed the crypto run are. >> we are not in it. stuart: did you also miss the big tech rally and the whole market rally we've seen the last few months? >> no, stuart. we've been buying this rally, we've been buying this market year, the first part of this quarter just as we said. we still have more pry dowder -- dry powder to buy. i've been very transparent on what we got right and what we got wrong last year. but at the end of the day, we measure where our clients from the are from their all-time high this is of net worth in 2021, and at the end of the day, that's what matters most. we've made some great sales, we've made some great buys, and
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we've also made some mistakes just like any firm does in any given year. but, for example, we sold small caps at the end of 2021, and we bought them back just in january for 12-13 lower than what we bought. so we don't look at that as missing. and tech, we sold the qs at a level of about 390, and we bought them back this year at about 6% lower than what we sold. so that area we did miss by about 6%. but because we got out at the highs and were actively managing it, that's how we measure ourself each and every day, and we're very critical about how well we do. and when we make mistakes, we learn from them. stuart: and you're an honest man. eddie ghabour, see you again soon. >> thank you. stuart: coming up, fox business sitting down with treasury secretary janet yellen. consumers are dealing with riding prices. yellen says there are encouraging signs on inflation. we'll show you the interview. about an hour from now, the house will vote on a bill that
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would put tiktok's chinese control in jeopardy. it's expected to pass with wide, bipartisan support. we'll bring you the latestest. it costs new york city $388 per night to care for a single migrant household. is this crisis going the break the city? new york congressman mike lawler answers that very important question after this. ♪ it's been waiting for you. ♪ welcome to new york, welcome to new york. ♪ welcome to new york ♪ (♪) (♪) (♪) (♪) as an independent financial advisor, my promise to you is simple. as a fiduciary, i promise to put your interests first, always. i promise that our relationship will go well beyond just investment decisions.
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♪ stuart: we have an example of the extraordinary rise in home prices which is keeping a lot of people out of the market. lauren found a tiktoker in brooklyn who thinks she's lucky
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to have -- back in 2021. lauren: her month wily mortgage is $3100 at a 2.1% interest rate. watch. >> when we bought our house in brooklyn, new york, in 2021. we got a killer deal in that we were super lucky. if we were to boy this house today, conservatively are, it would be about $1.3 million. but the worst part if you got a 30-year fixed or mortgage rate at approximately 6.if 655 -- 6.655%, you end up with a monthly payment of $. [inaudible] that's more than twice what we're paying right now. lauren: it's more than double in the three years' time. and her message is, look, i'm lucky. i'm flabbergasted about how much the market has changed in the past couple of years, but if you're struggling right now to afford a home, she's like, it's not you. it's the timing. because so many people feel exasperated that they just can't keep up. it's true. those are the numbers.
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stuart: how would you keep up with numbers like that? you can't. case closed. new york city says it costs $388 per night the daughter for each migrant household concern to care for each migrant household just for food and shelter. new york congressman mike lawler joins me now. $3889 per household -- 388 per household, for day. are these migrant costs going to break the city? >> as eric adams has said himself, the migrant crisis is destroying new york city. when you look at the fact that they are paying $388 a day to house and feed migrants in the city and you're talking about nearly 200,000 migrants that have come to new york in the last two years, as joe biden's border crisis has exploded, this is a crisis for new york city. and, you know, the governor is proposing to cut tate school aio support public school students
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in new york state to provide new york city with $2.4 billion of taxpayer money to deal with this migrant crisis. and it's really outrageous when you look at what's going on. stuart: you represent westchester and rockland counties, new york city suburbs. are you seeing migrants in your district? >> oh, of course. i mean, look, we have a large immigrant community across the state including in my district. but obviously we've seen a massive influx of migrants over the last few years. one school district in my district took in a thousand migrant students at once, and so this has been a major challenge. this is why i've been talking about this issue for a long time now, pushing back against this administration, against governor hochul and against mayor adams. it's also why i introduced the defending borders, defending democracies act to help secure our border and reinstate remain in mexico and title 42 as the
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policy of the united states. and just yesterday signed a discharge petition to get that on the floor for a vote. stuart, we have to secure our border. we have to stop this massive influx of migrants, and and it needs to happen now. stuart: i'm concerned about people who visit new york, formers and nest you can terrorists -- foreigners and domestic tourists alike. when they go into the subways, they see heavily armed national guardsmen patrolling. that just ruins the image of this city. what say you? >> well, or you know, governor hocking rather than actually reverse the disastrous policies -- hochul -- like cashless bail decides that she's going to send armed national guardsmen into the subway system rather than supporting law enforcement by enacting policies that work. and giving them the resources and the tools they feed to do their jobs. and -- they need to do their jobs. so this is, obviously, a reaction by the governor.
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i think it has been widely panned because it doesn't actually do anything to make new york safer and, in fact, to your point, leaves a lot of people questioning why they would even want to go into the subway system. the same subway system that is short billions of dollars because ridership is down, people jump the turnstiles, they lose $700 million a year on people jumping the turnstiles. people don't feel safe, and that's a part of the challenge. stuart: the trouble is nothing changes, does it? nothing, nothing, nothing changes. the flow just coops on coming. >> not when you have policies enacted by radical progressive socialists like we see in new york. and if i'll tell you another thing, stuart is, you just mentioned housing costs before. according to the national, so of realtors, the average mortgage cost has increased by $1,000 a month in rockland and westchester counties where i represent over the last year. that's over $10,000 a year more
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for the cost of a mortgage. it is totally unsustainable, and it's why people are fleeing new york in droves. stuart: bad news. congressman, thank you very much for being with us this morning and highlighting what is a real problem in this city and state. thank you, sir. >> thanks, stuart. stuart: in the past week, there's been an average of more than 800 gotaways per day at the border. garrett tenney is there. he's in texas. you've got exclusive video of border patrol catching migrants wore close to becoming gotaway. take us through it. >> reporter: yeah, stu. this was in the rio grande valley where there is a whole lot of cartel activity, and and this is nighttime video. you can see a cartel smuggler going back to the mexico e side of the border or in a raft after dropping off a small group and a guide on american soil. and then you can see they tried to hide in the brush when agents with the texas department of public safety arrested them. finish now, you also have cases like these where gang members that border patrol agents caught this past week adding to the 215
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gang members who have been caught this year. you have to remember this is big business for the cartels. they are raining in around $32 million -- raking in around $32 manager a week smuggling people across the border according to lawmakers. that's why you see things hike this in the laredo sector where this weekend a joint operation by border patrol and texas dps targeted multiple smuggling operations including stash houses like this one where more than 30 people were hiding out after crossing the border illegally. texas could arrest, charge and potentially deport all of these folks on their own without the federal government under the state's new law, but for now the supreme court has put that law on hold for at least another week while they decide whether or not to permanently keep it on hold while challenges in the lower courts play out. stu? stuart: got it. garrett tenney, thank you very much, indeed. back to the markets. please check out futures. where are we on this wednesday morning? we're up for the dow, fractional up for the s&p, down 45 on the
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stuart: not much change in the markets in the early going, that would be the futures, but we do have shah ghailani back with us this morning, and shah ghailani is the king of the dip buyers.
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so until me, shah ghailani, what have you bought recently? >> we bought some google on the dip. you know, had a 15 plus percent dip on google, so we picked some up there. micron down 10%, picked some up there. we also, stuart, as far as not just dipping, but we're buying some stuff that's breaking out and that means gold and the gold miners. we bought the dld -- gld etf and the miner's etf. i think the market has further to go on the upside. i mow there are a lot of nervous investors, but that makes it sort of a goldilocks support system for the market because there's plenty of cash on the sideline, plenty of nervous investors, certainly plenty of institutional investors that have missed this rally here to date, and they're going to have to change performance wise. the market's got a lot of support underneath here, and breaking stuff that's breaking out a great idea just like buying the tips is always a good
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idea in a a bull market -- buying the dips. stuart: i can never remember, are you in bitcoin or are you out of it forever? >> no, stuart -- [laughter] never been in it and, obviously, missed that boat. you know, all of the volatility is just not my cup of tea. i certainly understand it as an asset is class, as -- to me p i call it an instrument. i don't find any intrinsic value in bitcoin, but as far as a speculative asset, yeah, a lot of people have made money off of them, hats off to them. investors are just starting to embrace it, so now we've got etfs, it's making, it's hitting the radar of a lot of investors ors who normallyup wouldn't have anything to do wit was they didn't want to get digital wallets. now there's easy access, so i think that's going to bring a lot of folks in off the a sidelines. stuart: shaw ghailani is not tempted to to dip his finger in.
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all right or shah, see you again soon. the market has opened this on this wednesday morning. the dow is up close to .2%, close to it, and there's a preponderance of buyers over sellers on the big board. perhaps it's about three-quarters of the dow 30 are up. s&p 500 is down a tiny if fraction i call that dead flat, actually. and the nasdaq composite, where's that this morning? it is down 40 point, that's about a quarter of 1%. but, remember, it had a huge rally yesterday. let's have a look at big tech, here we go. alphabet, microsoft up. amazon up. apple down at 1373. meta -- 17. 3. meta, down to 496. you've got to show me nvidia. that's the stock of the year so far, i would say. it's regaining -- it had regained momentum. the stock is up 85% this year, but it's down $13, 1.6% as of now, $904 is the price. ibm cutting job, shifting foafntle shifting focus.
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cutting jobs. has this got anything to do with a.i.? lauren: a little bit. or reportedly, ibm has told employees they're cutting an unspecified number of jobs in marketing and communications. can those positions be with replaced by a.i.? yes. every position can. last year irk bm said they're pausing, not cutting, pausing hiring in roles that could be upendedded by artificial intelligence. in fact, the ceo said he could see 30% of that getting replaced by a.i. and automation if over five years, so i guess you could consider this start of those five years. tech in general has laid off 50,000 positions at over 200 companies. stuart: 50,000. lauren: and it's march, what, 12th, 13th? stuart: it's the 3th. [laughter] i've been following the retailers. look at a it down, down 12%. lauren: wow. stuart: they're closing a bunch of stores. lauren: in this inflationary
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environment can dollar tree not do well where people of all incomes go in to get something for a buck? customers are going in more, but they're spending less each time. they're watching what they spend at the dollar store. they're closing 600 family dollars that they own this year and almost 40 over the next couple of years -- 400, and their guidance for this quarter was bad. stuart: closing almost a thousand stores? lauren: got that right. in a few years' time. stuart: how about tesla this morning, does wells fargo think the stock's done falling? lauren: slapped them with a sell rating, and they say the stock is going to 125 so, no, they're going to continue to sell off. the issue, according to wells fargo, is all these price cuts are not or have stopped juicing demand. they say volumes this year will be flat and they'll be lower in 2025. so those are their delivery concerns for tesla. there is good with news in all of this. i mean, you have dan ives of web bush keeping his $315 price target. he's bullish. saying, look, i bet on musk.
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this negativity is overdone. i bet you that elon musk is in germanyed today at the berlin factually where there was the fire -- factory where there was the alleged arson attack because that plant is back online. and i bet he shows up and has something to say about what happened there. stuart: all right. eli lilly and amazon, i know they're partnering. what are they doing together? lauren: drug delivery like zep bound, weight loss drugs. that's a big reason why eli lilly launched their direct to customer service that amazon is delivering for. if you use lilly direct, you can get a coupon which brings it down to $550 a month. i guess that's a deal to lose some weight. [laughter] and now amazon will be delivering those drugs plus other medications like migraine drugs. stuart: 755 on eli lilly. the streamer, roku. they've been hit by hackers haven't hay -- they? lauren: stock's up.
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stuart why is the stock up? lauren: i'm not sure. more than 15,000 accounts were compromised. the hackers locked the real owners out and then used the credit card data to buy stuff through the roku account whether it was or hardware or like a netflix subscription, for instance. and this is what for the life of me i can't figure out, they have all these -- they have credentials on over 15,000 people, and they're selling them for 50 cents each. on the black market 50 cents. stuart: so the data on each person can be sold for 50 cents on the black market. lauren: that makes to sense to me. stuart: why? lauren: why is it so cheap? you'd think more than 50 cents for that, no? stuart: yeah, but if you can take maybe $50 out of each of these people, a few cents to buy the names and the data -- lauren: do you know what the solution is to all of this in. stuart: tell me. lauren lauren two factor authentication. why doesn't every company have that? it is a pawn in the butt, i
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believe -- a pain in the bunt, it's one of the reasons i mail bills, put stamps on them. so i don't have to remember passwords. stuart: intel, they were supposed to get a big contract from the pentagon. lauren: reportedly, no, pulling their $2.5 billion grant but it was part of this bigger or pang from the if commerce department for $3.5 billion, so commerce was paying $1 billion, and and it meant that intel would be primarily making chips for defense, for the military. so is commerce now going to say, all right, we'll come up with the $2.5 billion that the pentagon has reportedly scrapped? if because if that's what happened, you have the chips act being used for military purposes over commercial purposes, and i'm sure there will be a critic to something like that. stuart: a lawsuit are. that's what what'll happen. were five minutes in, almost six minutes in, and we're up on the dow, 39,061. check out the dow winners headed by 3m, chevron, caterpillar,
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amazon. coca-cola's on the lust. s&p 500, this is the an opportunity to show you some stocks that are moving, freeport mcmore if ran, nexterra, align technology, energy companies very much on that list. and the nascar damage winners headed by pin duo again. lauren: third day in a row. stuart: moderna, diamondback, warn or brothers, alphabet, etc., etc. what's the deal on the 10-year treasury? well above 4% again today, 4.18 today. the price of gold, well over $2,000 but shy of $2,200, 2,172. bitcoin hit $73,000 earlier, it's at 72,5 right now. new high earlier. the price of oil, $79 a barrel. that's why the energy stocks are doing well. $3.39 for gasoline. no change. coming up, did robert hur exonerate biden? progressive pennsylvania if
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manila jayapal says, yes, he did. robert hur says, oh e, no, he didn't. roll tape. >> this lengthy, expensive investigation resulted in a complete if common if ration -- >> exoneration? >> i'm going to continue -- [inaudible conversations] >> i'm going to continue with you -- >> did not exonerate him. that word does not appear in the report. stuart: ah, democracy at work. ask a question and fail to listen to the answer. jason rantz says jayapal failed miss rabblely. he's be here a little later. rfk jr.'s short list for vice presidents contains some interesting candidates, aaron rodgers and jesse ventura. britain has banned the use of puberty blockers for children. could a similar ban come next? we've got a ron -- report on that next. ♪
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stuart: 12 minutes into the trading session, the dow is up 46, the nasdaq's down 46. i call that an even spread. a civil rights group suing nassau county on long island for discrimination over an executive order which bans biological men from competing in women's sports. of c.b. cotton is there. on what grounds is the new york civil liberties union suing? >> reporter: yeah, hi, stu. on the grounds of discrimination.in the state of n women and girls' sport sports may ultimately come down to the the court of law. the nassau county executive tells me he stands by the ban. >> biological males are traditionally bigger, stronger and faster. that's why there's a wnba a, that's why there's an nba. we need to protect women, we need to make sure that the
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competition is fair, on level playing field and safe. >> reporter: so the nyclu filed a lawsuit this week on behalf of a hong island roller derby team calling the county's policy a violation of new york's human and civil rights laws. under the new order, the county will need to know if there's a biological male on an all girls ' team if that team wants to use county sports facilities. the nyclu says that question is intrusive adding, quote, being forcibly outed talk about humiliating and dangers. nassau county executive bruce blakeman signed the executive order last month and says he's not trying to out anyone. >> they are the ones that are identifying themselves as transgender female, biological males, which is fine. but you can't bully your way on to a woman's basketball team or softball league.
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>> reporter: nassau county has filed a federal lawsuit in response new york attorney general letitia james' demands for the county to rescind its ban which lbgtq advocacy groups call illegal. >> he's trying to create a solution where there is not a problem and, unfortunately, the real problem is our transgender youth being attacked. >> reporter: so the county's ban affects more than a hundred site, stu, to include a baseball field, basketball court, ice skating rinks, swimming pools and, of course, tennis courts. back to you with. stuart: c.b. with, thank you very much, indeed. england's national health service will no longer prescribe puberty blockers for churn under the age of 18. former prime minister liz truss wants to ban hormone therapy altogether. roll it. >> so this is a massive step forward in britain that these drugs will no longer with prescribed on the national
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health service. what i want to see is it stopped altogether, because we mow that people are getting them mail order, we know that they could get them privately. and and i think it's incredibly damaging to young people. stuart: okay. terry schilling is the president of the american principles project, and he joins me now. tr arely, welcome back to the show. it's good to sew you. is there any chance this ban comes here? now, i understand it would have to be on a state-by-state basis, is that correct? >> well, thanks so much for having me, stu. i love coming on. it does not actually have to be on a state-by-state the basis although that's how it's been playing out over the past five years. right now 24 states, mostly red states -- there's a few purple ones in there -- have banned these procedures entirely for minors, anyone under 18. but what we're seeing on the blue state side is actually much more troubling. the blue states are actually weaponizing the government to go after and to actually force parents to go along with this. some states like california, washington ask and minnesota are
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so is extreme and radical that they will transition children who escape their parents' custody in a red state and transition them in their blue states. and so this is, this is ramping up. it's definitely polarized, and the next presidential election's going to determine the future of this movement. stuart: it seems like it's a somewhat a similar situation to abortion. red states tend to be down on abortion and down on trans and pube or orty blockers. -- puberty blockers. there's a real cultural split in america, right? >> well, that's exactly right. however, stu, my organization, app, we've actually done 12 focus groups across the top 4 swing states in america, and we've sat down with suburban women and black and hispanic voters, and the one thing they all agree on, right? suburban women, they're woke and pretty progressive and leftist on every issue. the one thing they all agree on though is that children should not be able to get sex change procedures or chemical castration drugs.
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this was abundantly clear and, actually, i think this transjeanedder issue protecting minors from the industry is a great way to help stave off the political losses from abortion with suburban women this fall. stuart: it just seems very hard for me to understand that we would allow young people, young teens to do double mastectomy, for example, or to take hormones which reverse hair puberty. i find it very hard to believe that people will support that. >> well, stu, they don't. the only people in this country that really support it are transgender industry activists that are being paid to do it and also politicians that have been fooled and misled. but the vast majority of the american people are against it. stuart: who's paying them the suggest this? >> well, a whole industry now, and this is one thing that we're trying to get out. we did a project with grandview research, and they estimated that the puberty block orer, the pharmaceutical and the surgery end of this industry is over $4.12 billion annually, right? and that's a lot of money to be
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able to throw around back into p if r efforts and lobbying. -- pr efforts. it's the surgeries, it's the hormone companies, it's the everything. the hospital systems are all in. you saw the video from vanned vander -- vanderbilt just a few years ago a talking about how much money they can make. these transitions cost upwards of $140,000. that's a lot of money per person. stuart: it sure is. terry, thanks for joining us. important subject. if you want to know the extent of the terror threat from migrants, look no further than europe. they are giving us a taste of the risk we face here. that will be my take, top of the hour. lockheed martin's been building the world's most advanced defense technology, and it's built here in america. we're getting an inside look at a plant in georgia right of after this. ♪ ♪ made it, made it, made it in america ♪
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(fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different.
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♪ ♪ stuart an increasing focus on america's military as china ramps up its military spending. madison alworth with us, she's live from a lockheed martin ifen plant in their marietta,
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georgia. advanced technology, give us a look insides the plant, madison. >> reporter: absolutely. good morning, stuart. what you're looking at behind me, that's the c130j. this plane, this iconic piece of equipment which is nicknamed hercules is celebrating its 70th anniversary this year. it continues to be heavily unitized by the u.s. military -- ute lite used, and that's because of its capabilities. it can hold 46,000 pounds and is designed to take off ask and land on short and severe runways. let me put that in context for you. a commercial runway is roughly 10,000 feet. these guys just need hundreds of feet to land or take off, and he can do it in dirt, in a field, you name it. it has landed on rough runways from vietnam to afghanistan. over these 70 years, 2,700 of them have been made and half are still operational. finish kevin mather tells us that part of the success is a work with force that is one-third veteran and being made right here in merck america.
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in america. >> so when you're working and the guy on your right and the lady on your left are operating that air aircraft, it brings a different sense of importance to the quality requirements on the aircraft. i think americans build things extremely well, i really do. >> reporter: is so lockheed martin plans to build 20 of these planes this year, but they do have the capacity to build as many as 36. the american company is over 100 years old and has had a hand in every american military victory since its inception. the company's efforts here help to make aerospace georgia's number one export, and you can tell why with the size of these things and the output they do here. because of their plant here in marietta, georgia, and the work they do in the state, they have a $4.4 billion impact every year on the economy. send it back to you, stu. stuart: great story. great company. thanks very much, indeed, madison. see you later. back to the markets, please. submit decision. dow's up 50, nasdaq's down 86. still ahead, florida border
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agents on high alert for haitian refugees. it's chaos on the island. there's familiar fear of a new flood of refugees coming here. brandon judd on that. britain banned the use of puberty blockers e for children, will the ban come to america? if i'll ask martha maccallum. and what's going on with america's public schools? former education secretary bill bennett will reveal the troubling trends among students. the 10:00 hour is next. ♪ please excuse me, i don't remember to be rude -- can. ♪ but tonight i'm loving you. ♪ oh, you know, that tonight i'm loving you ♪
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>> oh my god from a dell, i'm not sure the relevance but will run with it. manhattan six avenue, is going to be a nice day,

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