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tv   Varney Company  FOX Business  April 3, 2024 10:00am-11:00am EDT

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ibly1 of trump campaign song, the latest rallies you will hear this. it is 10:00 eastern. let's get to the money. it is different looking market, dowser 50, s&p four points nasdaq 18. the 10 year treasury yield always of interest to investors. 442 is the left. 85, 87. bitcoin drifting lower at $66,000 a coin. the latest read on the services sector. lauren: it is weaker than
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expected at 51.4 but above 50, and expansion territory 15 months in a row. typically services have been outperforming manufacturing. they went from over 58, to 53.4 in march. prices are coming down. stuart: i'm sorry. i think the market likes that. the dow has gone up a few points. the nasdaq has gone up a few points. consumer service sector is expanding and prices paid came down. that is motivated some move to the market. lauren: jay powell will speak at stanford university. any nuances on the criteria needed for a rate cut. stuart: even the nasdaq turned around. thank you very much. now this. donald trump knows how to
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fine-tune his campaign. his rallies perfect to the news and issues of the day. biden plods along blaming republicans for the border mess and claiming we have the best economy in the world. voters are turned off by this because it's obvious political spin. what a contrast from trump last night at rallies in wisconsin and michigan, called for a crystal visibility day. the transgender visibility day on easter sunday, the most sacred day of the christian calendar. and received thunderous applause. when when did he get thunderous applause? trump went on to address another big issue. the murder of jonathan diller. he was gunned down by violent couples with long rap sheet. trump visited the family. biden didn't call. trump said, quote, i'm going to
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indemnify all police officers to protect them from being destroyed by the radical left, q the thunderous applause. what is biden said on crime other than denied is the result of defund the police, two rallies tween court appearances, no sign of fatigue, no script. today, the president speaks on lowering healthcare costs. he will use a talk after, his speech will be scripted, not take questions which is contrast in campaign style contract, relevance to people's lives is why trump leads biden in six key battleground states. biden may keep his opponent in court, that is his strategy but doesn't cancel out trump's political smarter understanding of voters every day concerns. ♪ lives peak joins me this
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morning. democrat strategy seems to be to keep trump off the campaign trail and that might take -- >> i did watch the michigan speech yesterday and i think you got it right but you left out one thing. he identifies with voters reactions to what is going on. he is incredulous all the time, think everything is crazy. when was the last time you had a conversation with anyone where we didn't say it is so crazy. everything is upside down in the progressive world. increased penalties on crime in new york state says that doesn't matter, open borders doesn't matter. what is up with these people, we can't believe it's happening and that's trump's reaction. stuart: trump gets on stage.
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liz: he had sore points and it's not going away. stuart: a new op-ed titled president biden doesn't care if his policies hurt the average joe, >> policies are hurting the average american. and and it's not being reported. the isr does a lot of surveys, investigative research, put out a survey, two thirds of investors think the market is not pricing, how about the low income is. bank of america put out credit card data saying low income spending is beginning to stall, that was strong last year. "my take" is the importance of
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this is as follows. those swing states, michigan, wisconsin in particular, the little guy in those states, blue collar worker, union member, not the union boss determine election outcome and they are not in good shape. i saw a survey of voters view the economy in those states, it's not terrible for everyone. all the people who went to radio city music hall to give money to president biden are doing fine. it's the little guy. inflation a problem and we are not talking enough about 5 million people in this country getting jobs, driving down low end wages. you saw in february, numbers bear this out. the wage gap is beginning to narrow. it's beginning to widen again. those people putting pressure on wages.
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americans will figure out these policies support a bad thing. stuart: before we go on, the market has taken a turn, we have impressive inflation numbers at 10:00 this morning. the report on the service sector showed prices drop substantially. that's good news if you are the fed or an investor, the dow turned around 20, nasdaq up 34. liz: one of the reasons those services and inflation numbers may be getting better, wages are down. lauren: prices fell to the lowest level in four years. stuart: the market turned around. back to president biden and his interviews. a former espn host release details about her sit down with president biden in 2021. what is she saying? lauren: this is sage steel.
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it was all about covid, getting football players playing again. this is what she said. at that time. the sit down with the president being scripted. >> you will say every word we write out, you will not deviate from the script. to the word. every single question was scripted, gone over dozens of times by many executives. i was on script. very much this is how you will say it, no follow-up. this went up to the fourth floor, the top executives, the president of the company, the ceo. liz: she was a vessel for them. how do you conduct an interview? you are not listening to what the person is saying to ask your natural follow-ups.
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stuart: deliberately put out by people who run espn. lauren: she said one other thing. during that interview no matter how skipped it was she could tell biden's mental acuity was awful. she called it -- that's a one-2 punch. stuart: that is remarkable. thank you very much. to the markets, complete turnaround, dow is up 76, s&p up 10. show me bitcoin. it was $66, still is. you think bitcoin hits one hundred thousand, one hundred 50,000 by the end of this year. make your case. >> reporter: great to be with you. i think it is going to get 100,000, 150,000. that's my least exciting prediction.
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these are the other coins coming out right now that are starting to catch a lot of trend. new institutional money going in now, we are seeing an appetite here to invest in technologies that could lead the future as we go forward. stuart: i want to talk about ethereum. that is really done very well recently. why would that be, what is so special about ethereum? i own a little. >> full disclosure. with ethereum, the algorithms and how the world in the future, this is the money that
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is transferring with the objects buying and selling. this is important. cardonea is poised well but what you can do is tokenized things like stocks and bonds and real estate, etc. . there are a lot of applications. you are going to transact and trade so it will come down to the wallace. ethereum, it is coming up on april 20, 120% on the upside the same as well. i want to caution people even though the market goes up, markets go up and down and don't be surprised if we get a little bit of a pullback as it happens two weeks prior to that. stuart: very bullish on cryptos. thank you very much. lauren is looking at the movers. we had sales figures.
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liz: they sold 508,000 cars, up 7% from a year ago. electric vehicle sales, 20,000, hybrid vehicles, taken together, that's 11%. that is the pivot to evs and hybrids. they are hot evs, the mustang, the suv. 20,000 evs. stuart: that is it. chow mein foods. lauren: 3% in the quarter as prices rose and you have bird
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flew, 1.5 million laying hens just in texas. stuart: bird flew helps the price of eggs go up, got it. lauren: they are up 9% after raising full-year earnings, demand for jewelry. stuart: next case. florida governor desantis demanding answers of the biden administration to include 300,000 migrants into florida. the white house has no control of where marriott migrants decide to fly. matt finn has the story on that next.
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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they 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.
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governor desantis demanding answers after president biden flew 300 migrants from the southern border to miami. matt finn is with us. how is he going to fight back? >> desantis and the group of house republicans are demanding the biden administration end this program which they say flew in hundreds of thousands of migrants to florida and thousands more to other states across the country under biden's evp one immigration apps. the exact biden program being called into question is cuba hating nicaragua venezuela. currently the biden administration allows 30,000 migrants per month from these countries to bypass migrating by foot into the us. they can purchase commercial flights into our country and be
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granted are rolling what the white house calls a safe and orderly method. applicants must pass a series of security checks and requirements for the united states sponsor who will initially pay for their fences. new center for immigration studies says there's been a particularly sharp increase of these migrants arriving in florida from january of 23 through february of this 2023 through february of this year. 326,000 migrants flow into my agri-and 8300 into los angeles. governor desantis responded writing the federal government is encouraging illegal immigration and aiding these individuals to enter the country, they quote these flights as a lawful program. the florida house filed for 5 legal cases. one of the complaint against the program desantis claims it does not give states advance notice for the incoming migrants making it difficult to
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track them. the white house tells me there's no secrecy surrounding humanitarian program that eliminates the threats of cartel trafficking. this is a lawful process that cutout smugglers seeking to take advantage of individuals considering migrating and decreased irregular migration from these countries. to say the program is secret is laughably false. governor desantis is holding a press conference, we will keep you updated. stuart: president biden could introduce in a refugee program, more than hundred 25,000 refugees who have been processed to be allowed into the us. chris cabrera is with the national border patrol council. this is a good idea. more refugees who have been vetted properly is separate
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from the asylum program, seems to be a good deal to me. what do you say? >> if they've that him it needs to be very transparent and people need to know what they are doing. a lot of people aren't done under the cloak of darkness, the ministration seems to have no concern for the average citizen and they don't answer to anyone. stuart: not doing anything about the asylum situation but changing the refugee system. listen to how the white house responded. >> is the person in charge of preventing a terrorist attack, does president biden think these border crossers could be plotting a terrorist attack? >> the president is confident throughout the agency dhs intelligence community, are as
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vigilant to secure the safety of the people here at home. stuart: a loan somali terrorist it was mistakenly released. took authorities a you to realize they can be rearrested. we have a terror threat of significance. >> those are the ones we know about, that are apprehended and released, thousands get away every single day. we don't know what they are up to and if we don't learn from our failures we are due to repeat the. stuart: donald trump promised deporting migrants on day one if elected. >> on day one i will seal the border and we will begin the largest domestic deportation operation in the history of our country. if other countries say they won't take them back, we are not going to take them back, i will say here they come.
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hold onto your britches because here they come, they are coming back. stuart: deport a million or two people? >> i don't know how that will work. the first step, the first thing you need to do is secure the border and hopefully we make that done to a manageable pace and get some work done. nowhere near the ballpark of having a secure border. stuart: florida governor desantis with the flight of migrants -- migrants to martha's vineyard. they headed migrants a victory. what did the judge do? lauren: migrants can sue the flight company, transported mostly venezuelan migrants to
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martha's vineyard. apparently under false pretenses. migrants were told they were going to massachusetts, not martha's vineyard. and they were prepared to offer work or housing. the judge, allison burroughs wrote the defendant's were not legitimately enforcing immigration laws but instead exploited the plaintiffs in a scheme for the national profile of ron desantis and manipulate them to political ends. stuart: that is a political statement from a judge. lauren: a private company hired by a state accounted by it. the white house, migrants in the middle of the night, what about that company? what was that company? is that carrier going to be charged? stuart: watch a migrants doing the airline wherever they wanted to go.
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a new fox poll shows 64% of voters say taxes are too high and biden's proposed budget raise taxes higher. iran has vowed revenge on his real and military advisors. retaliatory strikes against israel and america. jason che fits deals with that after this.
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stuart: start with oil, price is $86 a barrel in the department of energy confirmed. to replenish thought to replenish the strategic petroleum returns, the purchase of oil at $79 a barrel or less, has gone 85. lahren is looking at the movement was what with until? >> worst performing dow stock, showing ballooning losses, $7 billion in operating losses for the chipmaking business, foundries unit. it will take years from to catch up with taiwan semi. the turnaround plan is stalled. investors are on that.
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there's a report it is raising prices including the uk and australia by $2 a month. it stinks to pay it if you are the customer, it is 50%. it w amo is as of today delivering in some parts of arizona. and and there's no chip. who would you tip, the robot? stuart: a fox poll shows 60% of people think taxes are too high, grady trimble with us, who would be paying the most? >> reporter: wealthy people and corporations, that's what
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president biden says but he's pitching this to attacks weary electorate, two thirds of voters, 62% say their taxes are too high, that's the most since pollsters started asking this question in 2004. 2% say their taxes are too low. most voters want lower taxes, about half at the same time say they want the government to lend them a hand, it state higher compared to pre-covid. president biden is making the case if he gets tax increases once and the administration will help more americans. donald trump says raising taxes more would be catastrophic. stuart: he's promising to have a tax hike that will turn the
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us economy, never heard of a guy campaigning where he wants to raise taxes. >> reporter: the same fox news paul we've been referencing finds 3 quarters of voters are say the economy is in fair or poor shape which as we discussed a lot, that would spell trouble for president biden because the economy is one of the top issues for voters. stuart: back to the primaries, donald trump and president biden secure the party's nomination. both had some opposition in their state. unobstructed got 8% of the vote. in connecticut, uncommitted got 11%, voters subject the biden's support of israel and 47,000 voters in wisconsin, wrote in somebody other than the present, that would be biden. and and is a problem for biden?
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>> >> it does pull off a few percentage points, this race is about who can get voters out to vote, i give the democrats the advantage, they played this game, changed the rules and figured out play by those rules and republicans cried about it but haven't done much about it. stuart: what can they do about it before the election? >> got to get hunters registered to vote and get out to vote. that would help her publicans immensely particularly in wisconsin, michigan, arizona, that type of thing, you have organizations that will try to give people to register to vote but they are forehead on the democratic side of the aisle, the use ballot initiatives, not
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for profits, and not for profits that i think are illegal but the irs never comes out. stuart: take a look at the new wall street journal poll that has trump leading president biden in six of seven states that includes michigan. can trump lead through november? >> he will in terms of its who gets people out to vote? in terms of cognitive capability, 8 of 10 issues for most voters but ballot initiatives and others bring people to the polls for the democrats but he's doing exceptionally well. you wouldn't want to trade places, he lacks the energy, doesn't have the enthusiasm, couldn't draw a crowd to save his life and lacks energy. always and question whether he can get up the stairs on air force one?
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stuart: what shape will he will be in by november 5th. current and former us officials concerned about his relapse airstrikes on the uranian embassy, and killed during israeli airstrikes in gaza. is israel losing the pr battle? >> always been behind the 8 ball, they never had creditors both the. we support unequivocally israel and we continue to beat that drum and make sure the world knows we will support the one democracy that's active and alive and they are taking it from all sides, hezbollah to the houthis, you have to be realistic about what is going on there and israel has a right to defend itself, they need to
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continue to make that case, just because they take a potential target doesn't mean they are the bad guy where they are on the receiving end of far more than they give up. stuart: this is true. thanks for joining us. see you again soon. pete buttigieg has a message for those who don't want to be forced into electric vehicles. that is what he is saying. analysts say first-quarter deliveries, and unmitigated disaster that you can't explain away. ray wong on that next. ♪
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stuart: just over two hours
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shareholders will meet to vote to determine the future of the company. what can we expect? >> reporter: we will find out if the activist investor fight is successful, whether investors have confidence. it does look like disney, disney received support for investors like george lucas, jamie dimon and family members, they can change until the last second. they are riding on that and the stock held by average individuals. disney dropped the ball of content to extending iger's contract with no further succession plan. i was an analyst a decade ago. we expect iger in 2014 which is
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not happened. realistically, to of 12 board seats warrant the power to overhaul the company. they are primarily involved in leadership changes and major acquisitions, it's not day today. the biggest impact put disney on defense force things into cost-cutting plans and how stock reacted after a terrible run last year, it's up 35% year to date, it increased 40% since announcing support so disney is likely going to win but the scrutiny stays. stuart: show me tesla. talk hit its lowest point in four years after deliveries fell more than expected. ray wong joins me in technology stocks.
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total blame but this decline on red sea attacks and production issues, but ev demand in america slowed. will this decline continue with tesla? >> it's the demand problem, interest rates in the us and incentives that are declining, than expiring. that the important part. consumer demand for evs may be down overall, the demand for hybrids going up. the be whitey numbers are up for hybrid. tesla did reclaim the ev crown but declining sales. stuart: is this true universally that evs are not that popular and sales no longer going straight up. >> a price war going on in
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china, the rage anxiety worried about what to do with resale values, they are pretty much down. people are worried about those things and they are more expensive than a regular car. stuart: any chance the ev movement will reverse and say are not going down? >> could happen. states made mandates, the important piece to understand if you have this many evs on the road, we've not upgraded energy infrastructure that any state might say they have a mandate for this administration is asked for. we've gone from the magnificent seven to the fab four, you say is the fab five. which stock did you add? >> you can't take google out of
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that number. you've got to go in there. tesla and apple are out of it because of three factors. and decline in sales and they fallout. stuart: what is the big temp pick? >> my pick for big tech, amazon is a good stop. the last 7 years. shedding workers as they need, massive cost going on, high-growth companies, leading that charge with meta, going to a level of efficiency they need so we see a lot of investment in ai and individuals and automation. stuart: thanks very much, good to see you again. transportation secretary pete
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buttigieg has cemented to americans, don't want to be forced to do electric vehicles. lauren: tesla put out their delivery numbers, they are down. evs aren't popular. why are you jamming it down their throats and pete buttigieg responded. >> the automotive sector is moving toward evs and we can't pretend otherwise. it's the early 2000s, talking to some people who think we have landline phones forever but the reality is the automotive sector is moving toward evs in the us can either fall behind china or claim the lead. president biden wants to make sure those evs i made in america as more americans choose evs every year than the year before. lauren: we do -- the former part of it, the first part, i love a good analogy, but the landline analogy did not work.
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it took years for people to start giving up their landline dental needed when the cell phone service got so good. it improved so much at a reasonable cost, people started to give up the landline. do we think the ev future is inevitable? you can't force it but it happened when the technology and the price and the market, the market. stuart: if trump is the president and the future i'm not sure about the ev, i think it could reverse. thanks. costco launching a weight-loss program. you could get prescriptions for popular medications like ozempic. there could be a brain impact that promises to transport neurosurgery, we will speak to the company behind a new brain implant next. ♪
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stuart: neuro-technology medical group launched a new brain implanted device that could transform neurosurgery. the ceo joins me now in new york city. is this a chip?
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>> this is not a chip. it's a brain electrode placed in the brain. stuart: that the device and that is -- >> this is the device and it is placed like this typically 15 of these are placed in the brain and connected to a monitor and with that monitor it takes an ekg of the brain monitoring brain activity, trying to locate the problematic areas of the brain causing seizures. stuart: it does it all, not that you don't need 8 or 9 separate operations. >> you do one surgery and what makes this special, if the fda they do the diagnostic part.
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he then connects this device to a generator which provides heat, which burns the tissue, if you resolve the epileptic seizures, the doctor can check his work, reconnected the diagnostic equal and then visualize what the brain activity looks like to make sure the outcome is as expected. stuart: this is been tested on humans? >> it's not been tested on humans even though it has fda occurrence. stuart: where's the first human? >> it will be done at the mayo clinic this month. stuart: that is very interesting. you are the ceo and start using that this month at the mayo clinic. thank you. appreciate it. tell us how it is going. bernie sanders going after
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weight loss drugs like ozempic. lauren: he wants them to lower the price tag. >> they should not be charging us over $1000 for this product a month when they charge people in germany $59, charging people in canada $155. the american people in my view no matter what your political view may become are sick and tired of being ripped off by drug companies and paying the highest prices in the world for prescription drugs including ozempic. lauren: have the government negotiate prices. they say sanders is oversimplifying the science, the cost of the research, the majority of patients with insurance pick 25 a month. i want to bring you this.
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costco, like the big warehouse retailer, is offering weight loss drug prescriptions to its members and a three months supply worth $79. lauren: private enterprise doing what bernie sanders wanted to do. lauren: you are getting a prescribed weight loss drug. stuart: that has always been your point. food consumption. still ahead. pete hegseth on trump going after biden for recognizing transgender day of visibility, and jen z being the toolbelt generation as more students enrolled in vocational schools, and jake patterson on his new crime series fox nation. the 11:00 hour is next. ♪
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