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tv   Varney Company  FBC  March 18, 2024 11:00am-12:00pm EDT

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have you seen it, by the way? happy birthday, grandma! really? look how the brushstrokes follow the line of the gas tank. -hey! -hey! brought my plus-one. jamie? >> all he realizes is that he's losing and that he's angry about it. he lashes out then. >> the democrat party has a major issue with israel within their ranks and they're trying to kowtow the voters of michigan and minnesota as well as their backbone deals with the iranians. >> we need a fed chair that'll be more skeptical of massive government spending and debt. i'd like to see the fed chair jawbone congress about bringing spending down. >> deputies realize the republicans make this issue and vote for joe biden and kamala harris as the next president of the united states and now the democrats are freaking out about
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that. stuart: nice to meet you, nigel. i don't know the song or the guy. mr. wonderful walked on the set and he's not going to disturb us and we'll get on with things till he sits down quietly. welcome. look at this, look at that, dow is up 160, nasdaq up 263 and s&p up 64. i like it all. big tech please. losers in big tech this morning? no, there's not. apple, meta, amazon, even microsoft is up this morning. making a noise on the set there, jimmy. check the 10-year treasury yield. are you happy to be here?
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>> very happy. stuart: okay, 433 on the 10-year yield and keeps going up a bit. it's not hurting the nasdaq. okay, now this. four years ago, we were all locked down, covid had arrived and the government responded with draconian shut down policies. now we can see what went wrong. a lot went wrong. the committee to unleash prosperity with a scathing report and this is a fairly conservative free market organization, very different from the health bureaucracies around the covid show but it's a long list of failure. the lockdowns did not substantially reduce deaths or stop the spread. the psychological effects of isolation from friends and family was for many traumatic and masks of little or no value and didn't stop you getting it and mandatory mask wearing was disruptive and resented. perhaps the worst mistake was the forced closure of schools and it was dropped and in many
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areas not fully recovered and tens of thousands dropped out and never came back. honesty and experts and took advantage of the crisis and there was some excuse because we didn't get rid of what we were dealing with and didn't learn. the authorities were not transparent. looking back on it, it was bewildering. if you were unvaccinated or objected to masking, you were vilified and if you didn't conform, you could lose your job and thousands did. in hindsight, covid produced so many public health failures and me question is next, the play of death rate 20 or 30% and in that extreme situation, we'd probably go back to the same covid-19 policies and it would be panicked like we were four years ago. third hour of varney starts now.
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stuart: kevin o'leary here with me in new york city. if it were to happen, the next time it happens, if there were a death rate of 20-30%, we'd be panicked. >> there'd be more confidence for those that believe in vaccines that we could come to the solution in some kind of cure and relatively quickly with new technology we have and the politics remain and we haven't resolved anything as you pointed out. there's mistaked and i thought let's lose the vaccine and vaccinated five times and i'm still here and thought i'd grow hair back but didn't happen. stuart: did you get covid? >> i did but had no symptoms so maybe the vaccine worked for those that got it. stuart: that was the problem. you're mandated to get the vaccine, but didn't work. >> i believe in science, stuart,
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i said what do you got, give it to me. i'm that kind of guy. worked for me a. lot of people talk about the side effects, et cetera, et cetera, we have accepted vaccines for so many other diseases. what was it about covid that freaked everybody out? i don't understand that. stuart: good point. there's also talk of recession. actually the talk is dying down, especially in corporate america. 47 companies in s&p used recession and that low since 2021. where is the recession, kevin? >> we don't have one and engineered first time ever a soft landing and i see this for my own private companies and employees 5-50 million in sales and softer than 24 months ago revenue wise and the collapse we anticipated to build the right amount of inventory and one thing that's remarkable, rates have gone up, stayed up, and yet the market, the s&p 500 absorb that had because people have to
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remember, 20 years ago, this was the norm in rates and i was 6%, 7%, you know, cost of capital was not extraordinary for decades. here we are back at that, and we're absorbing it so i'm not sure the fed is going to make a move at all this year. everybody is saying when will they cut three times. they're not cutting anything. stuart: the market could rally even if they don't cut. >> everyone should stop whining, they did a great job. stuart: no whining on this program. this is up our street now, i saw a tweet you don't think people should merge their accounts with their significant other. are you talking about married couples who should have accept rale financial accounts? >> yes, every couple that co-habitats regardless of gender. in this society, you must maintain your own financial identity, you have to. 50% of marriages end in divorce for financial stress over the first five years of marriage and even if you have a long term situation and anything would
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happen to your spouse such as death, i hope that doesn't happen, but it occurs, if you don't have your own financial identity, you're in the wilderness in america. you must have a credit raiding and a financial -- credit rating and physical identity and own financial accounts for your own survival and when people tell me we're merging our account, i say are you nuts? absolutely not and i forbid in my family and force prenumbers and cohabitation agreements and i want financial due diligence and i'm a realist and i deal in the real world. stuart: how do you get to a successful marriage where you're unified as one and separate accounts and one has a lot more money than the other? how do you handle that? >> i solve it this way, third date, second glass of wine, you talk money. that's how it works because if you're going on a third date, you're interested. you're sniffing around here, stuart. you know that . both sides are looking at it. if you don't discuss the financial obstructing cerumennives. stuart: i know the romance.
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>> you know me, this is financial information. stuart: you haven't solved the problem, unequal financial accounts. >> that's a different problem. stuart: that wasn't the question. >> that's why you need a prenumber. why you need it. i'm invested in a company called hello prenumber empowered by women lawyers and forces you to ask questions of the potential partner, do you have debt, have you been bankrupt? is your family bankrupt? these are questions of love. they are. they are because if you're building that financial pillar together, it's because you want that harmony to last. i'd argue that pre-nup helps amore. i really do. stuart: not talking about 30s 40s, 50s or wherever. we're talking youngsters, 2t23 years old and just falling in love and going to get married. you've got a pre-nup for kids that age? >> absolutely, 100%. what's your responsible than discussing your financial future
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together? before you even have your first child, you have a baby, it's called money. it's sitting right at the table with you every day. every day for breakfast. how's our financial situation, money? and money looks up and smiling if you have some and crying if you don't. it's that simple. stuart: stick around. we've got a lot to talk about today, kevin. it'll be such fun. i want to bring in jason katz. he's a financial adviser what go you tell them? >> premarital inher tense and gifts should be -- inhair tans and gifts -- inheritance kept separate and commingling they're subject to division and you have this estate tax exception getting cut in half or may get cut in half at end of 2025, which is another reason to have assets titled in each spouse's name. stuart: i seem to be in a total
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high norty on this program today about this but i'm going to move on. lauren: i'm with the boys. sorry. stuart: you agree with the guys? lauren: yes. stuart: i am moving on. i've met a lot of people, jason, unwilling to sell their stock. they've made a lot of money but unwilling to sell and don't to want pay a whopping capital gains tax. do you meet a lot of these people, don't want to get out? >> most people let the tax tail wag the proverbial investment dog. look, a lot of people have a high class problem, investors that is. they're victims of their own success. we have clients that bought large cap tech in the last year and up 50%. they sell that and that's a 50+ percent tax. what about our clients that own these stocks for the last several years, up 1,000 plus percent and 23% tax. nonetheless, stu, it's important not to let the taxes entirely drive one's investment decision so we are pairing back a little
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bit in that arena, re-deploying and more cyclical parts of the market and frankly i think are coiled springs. when you get that first rate cut, you're going to see a mayor re-rating of other parts of the market that have been left behind. stuart: we shall -- we look forward to it. jason, thanks for joining and yous we'll see you again real soon. jason katz, everyone. >> thanks, stu. stuart: lauren, netflix? lauren: price raised to 700 from 585 and one of the highest on the street and competitive environment for netflix is easing and traditional media companies with streaming services increased prices good for netflix. stuart: talking about weed as in marijuana and pot. cannabis growth and canadian marijuana, why are that up 20%? lauren: it's cheap stock and up on expectations that the dea will reclassify from a schedule 1 to schedule 3 subtans meeting tax burdens for businesses that sell eliminated and paves the
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way for eventually opening up banking for cannabis. stuart: got to beat the black market first and walk around new york and smell is everywhere. lauren: everywhere. stuart: before i get bogged down in marijuana, talk to me about tesla. lauren: still the worst performer on s&p 500 this year but up 6% right now on price increase for the model y by $1,000 beginning april 1. what that does is pull volumes into the first quarter from the second and that could help their earnings overall. if this $1,000 price hike sticks, that's estimated to be worth $1 billion a year for tesla. stuart: nice bounce, 6%, we'll take it. thanks, lauren. coming up, you heard my take on our failings during covid. does dr. mark siegle think we'll make the same mistakes during the next pandemic. he's on the show. the media jumped on it suggesting the blood flows in biden wins. they got it very wrong. we'll play the tape and you can decide and joe concha passing
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judgment. ceasefire talks between israel and hamas set to resume today. we'll bring the latest from israel. that's next. investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product.
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her uncle's unhappy. i'm sensing an underlying issue.
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it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. stuart: ceasefire talks between israel and hamas set to resume today. trey yingst in tel aviv, israel for us today. trey, does anyone expect this to succeed or come of it? reporter: yeah, there's a huge divide in the positions and there was a major unexpected development overnight as israeli forces once again entered gaza's largest hospital the al-shifa complex. you can see in the drone video
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here, a fire fight erupting as the israeli soldiers entered the hospital and the top spokesman for israeli military said israel is acting on the hospital and he had this to say overnight. >> hamas is hiding in hospital. surrender immediately. medical facilities should never be exploited for terror. reporter: our understand asking the israeli soldiers are still operating in al-shifa at this hour and hamas released a statement condemning the incursion and israelis killed more than 20 militants inside the complex. i spoke last week with a doctor working in al-shifa hospital and said the conditions are difficult and doctors have resorted to giving their own blood to treat patients. some food, water and supplies are reaching the hospital, this doctor says it's not enough. as for extent of hamas ordinary personses in the 4079, it's not
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clear how many militants the military believes are hiding in the compound. we've reported extensively from shifa and seen a tunnel underneath the fade pattern 'tilty and weapon -- facility and weapons in the area and not seen the command center the israelis claim is there. what will today's operations will bring and how many hamas fighters will be killed and we understand one israeli soldier was killed in the bat sol far. stuart. stuart: trey yingst, thanks very much. stuart: watch this. >> biden is so bad for israel, they should have never been attacked. if biden were good to israel, they wouldn't have been attacked. if he were supportive of israel, the iran nuclear deal would have never been signed and israel would have never been attacked. >> what would be your message if you talk to netanyahu? >> finish it up and do it quick and she get back to the world of peace. we need peace in the world. stuart: former state department
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spokesperson mo morgan ortagus s with us now. seems like trump is in full on support of israel and wants them to simply beat hamas. that's his position. clean cut; right? >> and it makes sense. i don't think anybody including the leadership of israel wants a prolonged war. that's one that's certainly not good for the hostages and not good for the israeli people. you're talking about hostages by the way that have been held captive by this terrorist organization and by hamas for over five months now. i think president trump is right, this did not happen under his watch. this type of attack wouldn't have happened, and i can tell you as being apart of several hostage negotiations while i was at the state department in the trump administration, the fact that we still have five americans left behind is untenable. we're also watching on the news today as cory mills, the congressman from florida is rescuing american citizens from haiti because our government has left them behind. we still don't know the number and state department has never given us the number of americans left behind in afghanistan and this is the pattern around the
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world. it's close to thoroughly defeating hamas. >> the rest of military and hamas military forces left in rafa and contentious right now and i'll caution the biden administration from doing this and remember, it's the same thing as president obama's foreign policy and a decade ago, they stopped the saudis and meraudi's from finishing off the houthis almost a decade ago. what's happened a decade later when the saudis weren't allowed to finish off the houthis and baa-ick drone and advance weaponry that attack the u.s. troops on the daily basis. whether it's in the red sea or whether it's the acco militias
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killing our service members in jordan and don't finish off the terrorist groups or the job, that's what decades that happen for a decade later. stuart: change the subject and donald trump refuses to place any blame on putin for a alexei navalny's death. >> i could say probably but i don't know. he's a young man so statistically he'd be alive for a long time. >> how could anything like that happen without putin and high ranking kremlin officials sanctioning it? >> i don't know. you centerly can't say for sure but that would look like something very bad happened; right? stuart: trump seems unwilling to outright condemn putin. >> i think that's probably because he's used to as president getting intelligence reports, getting intelligence briefings, and knowing exactly what happened. he's a candidate right now.
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he's not getting those. you're right, he did say he's a young man and that -- i mean, obviously we all know that nothing happens in russia without putin knowing about it. we seem to fixate over trump-appointed parsing words. i would prefer that we fixate over biten foreign policy and has the russian ruble trading higher than when it began and exporting daily on international markets and has iran sending again suicide drones we were talking about and ballistic missiles and reportedly sending that to russia and the economy, gdp did better last year than that of the united states and energy exports are flowing and their banks are flowing and iran and north korea are openly sending them military aid. in my opinion, instead of fixating on trump parsing words, fixate on biden foreign policy, that's utterly failed and enriched the russian economy. stuart: got it. morgan orlikowski tay gus, thans for being here.
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ukraine launched wave of drone attacks on the final day of russia's presidential vote. ashley, sound like a political strategy, was it? ashley: yeah, the timing is not coincidental and how effective was it? probably minimal. that said, russia claims a down 35 drones including four around moscow, some of the attacking targeted areas about 500 miles from the ukrainian border and that's the furthest launch and moscow said a 16-year-old girl killed in a city about 25 miles north of ukrainian boarder and another drone fell on the refinery in southern russia and sparked a fire that took several hours to put out. the attacking followed a series of other ukrainian drone raids over the past few days and russian president putin described as attempt by ukraine to frighten residents and derail russia's presidential election. putin says the attacks will not go un-punished. stu. stuart: thanks very much,
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ashley. look at these pictures, what you're looking at is aoc, alexandria ocasio-cortez's district in new york. it's being labeled as a third world country. former host on npr said can you believe in democracy without being pro biden in joe concha takes it on next. ♪
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nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. stuart: dow up 173 and nasdaq up 212 points and no specific reason for the rally. just enjoy it. meta is moving. what do you got? lauren: they've been named a top pick with expected revenue growth of not 17%, which is the street expectation but a lot for ai and good for 1 place to play 6 gain for meta. stuart: i see adobe and ai. i assume adobe is up. lauren: yes, it's the foe to shop people and they're -- photo shop people and about to launch generative ai innovation and
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dubbing and lip sync and speak in the ai transforms what you say instan tiana chicago into another -- instantaneously into another language and lip sync movements to match. that's very, very cool, how can you police that going awry? that's scary. stocks up 3.5. stuart: i'd like to try that actually. what do you think, kevin? >> i've use that had technology. we have a company that sells watch insurance called wondercare.com and i'm in the add speaking fluent chinese. lauren: do you have to put anything on the add saying it's been dubbed? >> not yet. people reacting to it on social are saying how did he learn mandarin so quickly.
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everyone knows i'm dyslexic and can barely speak english. stuart: i didn't know that. >> yeah, i am. stuart: look at headlines on your screen. joe concha is with us this morning and he did use the word blood bath but the media, they're taking it out of context. deliberately, of course. >> what was said before the word blood bath. that's right, talking about electric cars and biden's push around that and what it'll do to the autoindustry and china supplies those parts and terrorists and it'll be a blood bath which it if you look up dictionary.com or anything that you to, blood bath could be a slaughter or economic blood bath. when you connect what he was saying around the autoindustry and says it'll be a blood bath if joe biden stays in office and i don't fix this problem, if you only played a part about blood
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bath and don't play the first part, you're being willingly dishonest. stuart: maybe he should not use words like blood bath. >> it only leads to traditional media grabbing onto something to try and paint him as x. but this has been going on for nine years now when you think about t it was june of 2015 first announcing his candidacy and this doesn't have any impact anymore. now you have social media leveling the playing field and elon musk called out several people on twitter pushing in narrative and it got something like 58 million views, musk saying this. community notes attached to media reports saying that donald trump was saying that it'll be a blood bath if he's reelected and saw overwhelming pushback to the point where now it's app even playing field and this narrative and can't push and expect to be called out and that's because of networks like this and places like x run by elon musk. stuart: somewhat similar story and host at npr wonders whether
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journal is can't believe in democracy without being pro biden. watch this. >> i believe in a free press, i believe in democracy. i think that donald trump is very transparently and pretty brazenly acting antidemocratic in a lot of ways right now talking about plans to dismantle institutions to pack the federal bureaucracy for people that support him. can you believe in democracy without being pro biden? stuart: season the whole point to get voters to decide who's best for the country? >> talk about saying the quiet part out loud. a trivia question and which president signed more executive orders and actions during his first term to this point than any other? was it barack obama, donald trump, george w. bush or joe biden? stuart: i can't answer that question. >> it was joe biden. stuart: i figured. >> take a look at first 100 days and see obviously democrats trying to take donald trump off the ballot. that's not very pro democracy now is it?
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you could go down the line as far as or trying to take them together with all the trials and to your point, let the voters decide who should be the next president, donald trump or joe biden is not have it decided in the courts or any other means. it's a simple argument and what this journalist is saying and simply activism is not activism. joe, you're all right, thank you indeed. you're all right. you got that right. stuart: i'm going to show you a neighborhood that is represented by alexandria ocasio-cortez. that's it. that's new york city. that's aoc represents that area. looks kind of third world doesn't it? ashley, what are residents saying? ashley: yeah, they are not happy as you can imagine. we're talking about neighborhoods of corona, jackson heights and elmhurst in northwest queens all in aoc's
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district and residents complain of areas as you say descended into a large third world flee market with migrants blocking sidewalks selling food and clothing items, trash overflowing on street corners and prostitutes openly soliciting sex. they told fox news the clothes were taken from donation bins or stolen from st stores and peddld on the street. they shut down six establishments allegedly engaged in prostitution and the legislation said it's done nothing to stop the problem and crime continues to rise so far no response from aoc. stuart: ash, thanks indeed. what on earth would you do with that district in new york city, kevin? >> i have to remark, stuart, that aoc, i do not agree on any of her policies is a remarkably successful politician measured by how much free unpaid social media she gets and how much media coverage, this story for
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example and how much money she raises in small increments. her policies, horrific. she's a horrible manager as evidenced by the state of her district and if i were living there paying taxes, i'd want to change my management. that's weak management and ends up in bad out comes for the people living there, that looks terrible. these streets look horrific. but when you understand the game being played, she's so good at it. she's constantly getting, saying outrageous things on social media, getting a ton of free media from it, and raising a ton of money. if you understand that game, you've got to alaud her but if -- applaud her but if i were there, i'd want to swap management. she's a moral manager. stuart: that looks like third world country. that's new york city. >> i don't believe that's new york city. that's the crazy part. stuart: it's true. >> new york really should look at that and say shouldn't we get
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better managers like a lot of new managers. stuart: got it. kevin, thanks very much indeed. what's coming up for you, weight loss drug wegovy approved for heart health and it's expensive. should insurance cover it? doc siegle on that. ceo of goldman sachs said inflation is stickier than anticipation and drivers is energy costs and grady trimble has the reports on that and he's next. ♪
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a year ago and grady trimble is with us. is this slowing down the administration's green push at all? >> no, stu, in fact the administration insists that green energy will help cut energy costs for americans but as far as oil and gas prices right now, the white house is pointing to actions it took two years ago as a way to lower prices. remember it sold off almost half of the strategic petroleum reserve and as you mentioned, inflation ticking back up in the wrong direction. the administration in some ways as it relates to higher prices is passing the buck. >> p pandemic and supply chain d putin doing that in ukraine saw inflation to increase. the president's unprecedented alabamas he took relating to oil, we sagas prices go down, which is important at the tank to americans across the country. >> okay, but spr release was back in 2022 and now americans are paying more at the pump
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again compared to a year ago. the national average has jumped nearly 20-cents in just the past month and partly because gas ion are swimming to summer blends but also because crude oil prices have been climbing since the beginning of the year and supply is tight and demand is going up. nevertheless the biden administration is focusing its efforts on green energy and energy secretary jennifer grandholm is pushing president biden's climate agenda at a conference today in texas which, stu, happens to be the largest producer of oil and gas. rising energy prices come as we await a fed decision on interest rates and as goldman sax ceo warns -- goldman sachs ceo warns it may be stickier than anticipated. stuart: goldman sachs head guy david sullivan said inflation may be stickier than
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anticipated. he's an important guy. is he going to be sticky? going to stay with us for a long time? >> yeah, it is, and the fed's mandate, i agree 100%. fed mandate is 2%, not 2.5% but 2%. all this discussion about the fed reducing rates because they've met their challenge on reducing inflation is completely incorrect and going to remain above 3% would be my guess and will stay quite a long time and it's not only energy policy causing this, it's also the fact that we have bills like the science and chips act and inflation reduction act, which is pouring $1 trillion of free money into the economy and fuels the fire of inflation and so it'll be around for quite a listening time and so anybody thinking we're getting three cuts from the fed this year in my view is living in fiction. stuart: the market is cali. >> e yeah, but it's beginning to real estate this inflation enough is not 6% anymore will remain around, i think, 2.8,
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3.4. that's going to be the range for years to come. stuart: it's manageable. >> it is manageable but the fed is not going to cut rates and everybody get over it, stop talking about it. it ain't going to happen. stuart: okay, march 18, 2024, kevin o'leary said they're not cutting rates. it's on tape, folks. lauren: current ceo resigns at end of the month being replaced by gill west, coo of delta and before that gm's cruz. sure made this pivot and bad path in electric vehicles and big part of tesla's ev fleet and hertz found out customers don't want to rent them and repair costs are super high. it did not pay off. stock is still down today, which is shocking. i thought you'd have a new person coming in that would give investors confidence, but i guess that bad bet on evs -- stuart: sticks around.
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lauren: yeah, for a little bit. stuart: i'll do sport, how about that. golfer scotty sheffler made history and ash, the play-by-play, please. ashley: by the way, scheffler is the first player to record back-to-back wins and shot a final round 64, pretty impressive at tpc saw grass in florida and jack never did that and tiger woods never did that and won a prize of $4.5 million in 2023 and there he is yesterday smiling. lots to smile about. it was a nail biter and at the end wind ham clark thought he made a birdie on the 18th hole and would have forced a playoff with scheffler. here it comes from 17 feet and it is in. it went around the cup and came back out. so there you go. top finishing second and taking
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over measly $1.9 million but it was in. and then it wasn't. if that had gone in, it would have been a playoff. he was just about to celebrate stuart: yeah. ashley: he said i won a lot of money and got a lot of fedex points and thought that putt was in. stuart: he nipped it. put on the dow 30, please. should look good and does look good and dow is up 170 and vast majority of the dow 30 stocks are in the green. a new report breaks down the lessons we learn or should have learned during covid and how we can avoid making some mistakes. doc siegle has insight after this. ♪
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stuart: the committee to unleash prosperity issued a scathing new report on our response to covid. it says lockdowns, school school closures, vaccine mandates were catastrophic errors, their words. dr. siegle joins us. that was a damming report, doctor, but what happens next time there's a pandemic? suppose there's a 20-30% death
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rate. what would we do? how would we respond? >> well, stuart, i think the report was focusing on the idea of fear, about stoking fear to gain control, and they said that that was deliberate. i don't know that was deliberate but one thing there was a lot of fear around on both sides, and i think we need a calmer approach. the second thing is we need to look at the overall global health picture and i was doing that at the beginning throughout the pandemic and so were you. in other words what are the implications of what you're doing and what is the science behind the idea? masks, it's somewhat iffy and may help a lit and will they were sent out like there were some kind of gift from god to actually prevent spread. we knew from previous pandemics that that wasn't going to be true. the lockdown nosofio was based on the 1918 flu pandemic and nobody told us that. i knew that and it was a different virus. again, the hyper-focus on covid without looking at the
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consequences of closing schools, of closing businesses, you knew that. you're a business expert. that's what we need to do differently the next time. as far as vaccines are concerned, too much fear mongering on both sides. if you don't take t up oh. if you do take it, uh oh. i don't like that. i like the calm, measured risk benefit approach. stuart: got it. weight loss drugs ozempic and wegovy can cost $1300 a month. we geopolitical i have was approved -- wegovy was approved to lower heart disease risk and should they be covered by health insurance therefore? if it could be used to treat ho art disease, it's grounds for insurance coverage; right? >> look, stuart, i think these drugs should be covered by health insurance. i believe that strongly, but i also think that physicians need to be more at the tiller here guiding the boat when you prescribe it. i've said that on your show multiple times. it shouldn't be something to get
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through an ad or online and i want to be in charge or have experts in changer. but the real problem is a philosophy of insurance. insurance is this country covers you when you're ill and have a heart attack god forbid or cancer or something severe. it's not inclined to be set up for prevention and why it should be because i'm taking care of the patient at the other end. i see them when -- i see the results of obesity and diabetes and high blood pressure and heart disease. i want insurance to cover this but again, the way insurance gets you in is they're getting you to pay a high premium for if you get sick or in the hospital they'll cover you. has to do with entire change of culture here. stuart: it would be extremely expensive. there's going to be a rush of people want to use these weight loss drugs for whatever reason. we can't afford that, can we? >> we can't afford that, but we really can't afford the strokes and heart attacks and diabetes
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that occur when we don't do that. there has to be a way -- by the way, i have to remember to tell you that exercise, eating better, you know, having a med mediterranean indict is part of the if i canture too and cost benefit analysis these drugs save money in the long term because they cut down the risk of diseases i'm worried about. stuart: doc siegle, all good stuff. see you again real soon. the time is approaching 11:55 and it's the trivia question and kevin o'leary may play this one. when did chicago first dye the river green for st. patrick's day? 45, 56, 65 or 1970? the definitive answer when we return.
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it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. stuart: a good question we asked when chicago first died the river green in st. patrick's day 1946, 1962, 1970 kevin o'leary
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our guest of the morning your answer. >> 1946 celebrated the second of the world war must've killed a lot of fish that turn green. >> ashley our guest. >> 1962. >> i'll take 1970 number four. >> i'll take 1955, the answer is 1962 it was originally suggested by the columbus union when they first died the river a stay green for nearly months now the coloring last only a few hours. thank you for sticking around a programming note our favorite mentalist is back on the show tomorrow. we will see fees able to shock us like he did last time "coast to coast" starts now. >> nvidia and the fed which do you think matters more today it's not the fed weirdly kinda know what they're not going to

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