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tv   Varney Company  FOX Business  April 19, 2024 9:00am-10:00am EDT

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necessary an ya hue where -- netanyahu where biden told them not to go into rafah, you know? it's too much, don't retaliate. and even though israel is fighting for its own survival. and they're leaking this call in the middle of the public so that the public knows what biden is saying, again, so he gets the votes in michigan and missouri. >> yeah -- >> yeah, that's what's so wrong -- maria: go ahead, jason. >> look, the president does not is have -- maria: yeah. >> -- the respect of the world. he just doesn't. maria: right. final word, yeah. >> donald trump does because when he says something, he's actually going to do it. maria: kaylee, final word. >> a small minority of voters continue u.s. support to israel. maria: we will leave it there. kaylee, jason, thank you so much. i'll see you tonight on maria bartiromo's "wall street" at a 7:00, fox business. tu, take it away. stuart: good morning, everyone. israel launched a limited attack the on iran last night.
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a military base was hit, a nearby nuclear facility was not directly attacked. we are told the israelis just want to show the mullahs that they can attack anywhere, anytime. the uniranians are saying nothing except -- iranians are saying nothing except to report explosions. when the news broke, stocks sold off bigtaoism oil went straight up and gold rallied too. the dow, which was down almost 400 points just a couple hours ago is now down a mere so points. -- 10 points. the s&p is down a mere 2. same story with the nasdaq. way down when the news broke, back up again. down 30 points, that's it. and look at oil. it actually touched $89 a barrel, again, when that first report of israel's attack came through. now it's back down to $82.37. that's quite a turn-around. bitcoin, i can't explain this, but at one stage when the news broke it was down to $59,000. now it's come all the a way pack if up to $65,000.
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back up. you better take a look at treasury yields, they're down a little. what we're seeing is a modest flight to safety. investors buy very safe treasuries, pushing up the price. that brings the yield down. the 10-year right at 4.60%. as for the 2-year, that is below, still below 5%. this is not a forecast, but i would not be surprised to see the market close higher today. [laughter] having said that, i might regret it. quick check of netflix. blockbuster earnings report late yesterday, but netflix -- look at it now, down $41, back to $568. what's the problem in netflix will not disclose number of new scrub crier's -- subscribers in the future, investors do not like that. let's get to politics. new fox if polls show trump leads if florida and -- georgia and michigan. biden has a high disapproval rating. the trump trial, jury selection moving quickly.
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more will be seated today. it is possible that opening statements could come monday. our question today, will trump take the stand. one of his lawyers is on the show. and on the show later, at the demonstrations a lot of support for hamas, and why are women screaming their support for iran? the mullahs' morality police is just started a new crackdown on women not wearing the hijab. some are being sexually abused in prison. why do you support hem? if we're all following the developments many in israel, iran and gaza today. it's going to affect your money and it's friday, april 19th, 2024. "varney & company" is about to begin. ♪ if ♪ ♪ ♪ stuart: all right. friday morn, let's are get straight to it. israel caroled out a retaliatory strike on iran overnight, that is. the latest please, lauren. a. lauren: the u.s. says it did get advanced warning. the strike is described as a
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limited, but it went deep into iran, right near a city that has a nuclear facility and a drone factory. those sites were untouched. so iran is downplaying the attack, but reuters says hamas is not. they say it's an escalation by israel, and they're calling for an expanded response. rye now i think -- right now i think investors or think the israel's attack was symbolicking showing they could attack more, they know where the sites are are, the nuke facilities, if they wanted to being but they're opting not to escalate. stuart it was a warn, watch out. get you anytime, anywhere. sean duffy is with me this morning. hey, sean. it was a fairly limited strike. biden and other world leaders called for israel to show restraint. is that what it was, a restrained strike? >> yeah, it was a restrained strike, stuart. but we have to look at this in the full picture of are we seeing a restrained strike from israel in response to a restrained strike from iran, in
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response to the an astack on an. bess -- attack on an embassy in syria. this is an's craigs, is what i'm saying. when you have limited strikes, they turn into unlimited strikes. we have to recognize it doesn't happen in a vacuum. ing bad american policy, weak american leadership creates a world aa blaze. and so you have joe biden who unfroze billions of dollars in iranian cash. he's also allowed zapses -- sanctions to not be enforced on iran allowing them to make tens of billions of dollars in oil sales. they don't use that money, stuart, to build roads and bridges and help their people out -- stuart: right. >> we know what they use it for, they use it for terrorist activities. they use it to fund terrorism of and to attack iran and the west, and this is joe biden's fault. it didn't happen under trump. it's happening right now because of biden. stuart: we had sanctions, new sanctions imposed on iran earlier this week, but they left the oil trade open. so iran still has access to billions of dollars in oil
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sales, mostly going to china. that, was that weakness or was he just responding to domestic politics which would have gone crazy if he got the price of oil to $100 a barrel? >> of course it was politics, stuart. i think the sanctions were on drones and steel exports. they don't export drones and steel, they export oiling that that's where they get all their money. joe biden wanted to make a show of sanctions but didn't really want to go after the iranians. again, it comes back to climate change. you wouldn't be concerned about a spike in oil prices if iran couldn't sell oil if you actually unleashed american energy which joe biden has attacked because of his climate-crazy policies. stuart: sean, would you just stay there for a second? right now i want to switch gears and move back to domestic politics. new polls out in four of the battleground states, big deal here. what's going on? lauren: we're talking about georgia, michigan, pennsylvania, wisconsin. trump is ahead in two of hose statements, he's up by 6 points
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in georgia, up by 3 in michigan. but it is a dead tie in pennsylvania and in wisconsin, 48% for eve. if biden's -- for each. biden's disapproval ratings are pretty high, at least 55% of voters in these four battlegrounds disapprove of his job performance as president. so what about his favorability in look here. trump has higher ratings in three of the four states, and the two, the two men are tied at 54 in wisconsin where they're still both pretty negatively at 54%. stuart: interesting. those are fox polls, i think. lauren: fox polls. stuart: let's get back to sean. the race is still tieded the, but trump does have the edge. my question to you, sean, is are trump's court appearances having any influences on voters so far? >> they're not having an influence right now, stuart. i think we don't know what's going to happen if there's a conviction or a jail seasons. that would shake it up -- sentence. we've seen his poll numbers go
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up with all of the indictments and the trial activity. but i think it's interesting, the medias has worked so hard to demon ifize donald trump and lift joe bide, and donald trump's favorability rating still is better than joe biden. that is remarkable. what's interesting, if you add back in arizona and nevada and you include georgia and michigan, donald trump wins the election. donald trump can lose pennsylvania and wisconsin and still win. this is a dumpster fire for joe biden. if he was to change policy, if he was to say, you know, listen, we're going to start to put pressure on iran, we're going to actually secure the southern border, we're going to stop spending so much money, just the signal of that would do wonders, i think, stiewfer, for the american people feeling more comfortable with joe biden. but he's such an idealogue, he's not to going to change policy. he's going to ride this pone ifny if all the way to the election, and it doesn't look good for him. stuart: sean duffy, good stuff. we'll be watching "the bottom line," 6 p.m. eastern on fox business. thank you, sean. check the market again. yep, we turned it around.
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a couple of hours ago the dow was down 400, now it's up 3. that is a turn-around. nasdaq still down 50 points. ray wang with me the morning. ray, you follow big tech. what is the impact of israel's strike and the market reaction on big tech stocks? >> you know, we're not seeing a big with reaction right now. i think overnight there was some scare of what was going on. there's been a minimal reaction especially looking at cybersecurity and especially looking at security or stocks and security companies that are based in israel and development centers there. but overall a, there hasn't been as much negative if impact as people have kind of cammed down and realized -- calmed down and realized this was not a major strike, and people do not think it's going to continue to escalate. stuart: we have had some impact which, i believe, has moved to well above $2400 an ounce, but that's a traditional a safe haven. look at it now. i'm sorry, look at a it. it's now below $2400. there's a pullback there. i guess the market is credit carding this is not the -- concluding this is not the start
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of an all-out war, right? >> i agree with you. we also see bitcoin prices stabilizing as well. we've got a halving event that's coming as well, and you're also seeing other indicators. i think the real big problem for big tech is the 5% if interest rates and the fact that we are not seeing an interest rate cut or we don't feel there's going to be an interest rate cut anytime soon. stuart: tell me about netflix. great report but they're way, way down again. down 7% this morning. what is the problem there? >> they blew out their numbers. they added more subscriber growth than people expected, but the challenge is they are not reporting membership numbers, subscriber numbers going forward: path of the reason for what they said was they're going to have different membership tiers, it's going to confuse the people, is that the right number. but the reality is there's not that much more for them to add in term it is of users. what they are focused on is revenue numbers in terms of where heir going to build revenue through adses and, of course, some of the things they've been doing with password sharing crackdowns.
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they're the also about to add live viewing and live tv viewing on netflix is just going to tin crease their revenue. right now investors are upsit they're -- upset they're not going to get the numbers. stuart: as i recall, you have a target the price on netflix well above $600 a share. are you sticking with that? >> i am. i actually think they're the winner in the streaming wars, and and i think the that, you know, that parking lot -- that target of about 750 is going to hold. they're adding new products, and the live piece is going to be a game-changer. stuart: got it. ray wang, good stuff on an important day. we appreciate it, and we'll see you again real soon. thank you, sir. biden is losing support from college students, and the issue is israel. roll it. >> -- believe that many people will not be voting for joe biden. >> that was the first time i could vote in the presidential election. >> frankly, i look bark i'm embarrassed. stuart: all right. how much does bind's re-election hinge on his support with
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gen-zers? tammy bruce on that. israel carried out a retaliatory strike against iran overnight? is this the the start of tit for tat or the end of tit for tat? we'll deal with that next. ♪ ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. everybody wants super straight,
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stuart: all right. quick check of the markets. it has been quite a turn-around. down sharply when the nudes of israel's attack -- news of us israel aa's attack on iran broke. let's get back to israel's retaliatory strike. jeff paul is with us, he's in tel aviv. the latest, please, jeff. >> reporter: well, stuart, life at least here in tel aviv feels mostly are unchanged. you see a lot of people out exercising, going to to the beach, running last minute
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errands before shabbat, but at least since last weekend when iran attacked israel there's been a lot of tech in the air just not knowing how israel would respond -- tension -- didn't know what it would look like, when it would happen. some thought maybe they would wait until after of the upcoming passover holiday. but we now know there is this targeted strike that israel did in the central province in iran. if now, again, this was a very targeted and specific strike. and it is a significant location because it is very close to the capital city of tehran, but it's also near the natanz nuclear facility. now, the site was not part of the strike, and it appears that it was a nearby iranian air a base that was the target. but it clearly shows that israel can hit within the borders of iran when it wants to, where it wants to. so far there really haven't been too many comments from either country, iran rah or israel. the only comments we're hearing coming from iran are through
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their state media which said e that there were some explosions heard that were from the if iranian air defense system shooting down three drones. and while iran is seemingly downplaying this strike, retired general jack keane had to say regarding how israel's strike could impact iran. >> the important thing is there are going to be some sanctions coming forward. certainly, missiles, drones, you mentioned the steel industry. all of that is worthwhile. they're flush with money and what's that from? oil. oil, oil, oil. and that should be our focus. >> reporter: now, so far no comments being made by anyone if within the israeli government or the military, and we likely will not hear anything from them throughout the day at least because that sort of goes in line with their military strategy to not confirm these very strategic strikes. we do know the war cabinet is supposed to convene today at some point, they're likely going to be talking about this and talking about the ongoing war if gaza, and they also will be
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discussing the ongoing tenses up ralphing in the north -- unraveling in the north with hezbollah. stuart? stuart: jeff, thanks very much, indeed. national defense expert rebeccah heinrichs joins me now. would you call this a limited strike? is us e eel showing restraint here? >> absolutely. i mean, this was a very scoped strike. i hear a lot of people saying that it was purely symbolic. i would go further than that though. there does seem to be some military the degradation achieved by these strikes, in particular radar facility that was take out at least in one part of syria. so we're going to learn more about the actual achievement of what these strikes successfully did, but it did communicate something extremely valuable to the iran regime which is that iran, iran is extremely vulnerable to the highly sophisticated capabilities of the israeli military. and all of these very valuable
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targets exist at the pleasure of the israeli military. they can reach out and strike and attack hem and eliminate them when hay decide to do so. stuart: before israel's strike, iran vowed to retaliate to any aggression. but now a senior iran official signaled no immediate response. are both sides maybe trying to calm this thing down a little? >> so that's not the way i would characterize it. so right now there's a lot of talk about trying to deescalate the situation, but, you know, you only want to -- israel must if achieve its military and political objectives, and you do that sometimes by slightly s calculating but in a scoped and measured and careful way to compel the adversary to back down. and so nobody actually ever controls escalation. each side gets to decide how he wants to respond. so in this regard, i think israel needed to respond to a miscalculation. i think the iranians overdid it
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with this 300 plus drones and missile attack on israel, and so israel intercepted those. that's the first phase. the second fades is you must if -- phase is you must exact a cost on the iranians for making in that overattack, that overjudgment so they understand that they should not do that again. i think israel may have achieved it with this rethattal -- retaliatory explosions we've with seen overnight. stuart: what we've seen so far is a progressive tit for tat,, the attack, etc., etc. is that now over or to do you expect more? >> well, we'll see. it seems as though the israelis have successfully had the last word here. clearly, they have a better missile system, the iranian militarying a lot of their missiles and drones failed, so we know they do not have as robust offensive capability as held like us to believe so, clearly, israel is the stronger power. they're also better positioned
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geopolitically now if we know there's going to be sanctions packages coming, the united states, britain, the jordanians, of course, helped with that integrated air and missile defense strike. we should keep in mind, there's sill a shad toe of the u.s. government still trying to get israel on restrained -- shadow. i think that's a mistake, and israel has to deal with that right now. but i think in sum, i think israel clearly comes out the winner here and is better positioned because of the iranians overstepping and having that really strong attack against the israelis. stuart: leave it right there. rebeccah heinrichs, thank you very much. >> thanks so much. stuart: we have comments on the israeli strike from two republican senators. what are they saying? lauren: israel has every right to defend itself. senator ted cruz says the u.s. should be very worried. here's the quote. the scope of israel's action tonight shows just how far iran's reach has extended across the region. iran's advances should worry every american because when iran's leaders chant death to
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israel, hay also chant -- they also chant death to america. and senator marco rubio is confident in israel's sophistication. he says they have the ability to conduct strikes against targets inside iran would want entering iranian air space with aircraft over syrian and iraqi air space. of. stuart: thank, lauren. -- thank it is, lauren. check futures, please. when the fuse broke, stocks went sharply lore. heir feel down but not saw sharply so. nasdaq's down 62, the dow's off 1 point. the opening bell is next. ♪ how do you like me now? muck how do you like me now, now that i'm on my way? ♪ do you still think i'm crazy, standing here today if. ♪ i couldn't make you love me -- tamra, izzy, and emma... they respond to emails with phone calls...
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stuart: three and a half minutes to go til the opening of the markets, and we're looking at a mixed picture. mostly red but only slightly so at this point. i want to bring back mark mahaney. mark, good morning again. [laughter] >> good morning. stuart: you've got to explain something to me. netflix comes out with blockbuster earnings. there's one sentence in the report which suggests they're not going to report on the numb of subscribers in the future. the stock tanks, and it's down 7
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this morning. is that a big enough deal to take a stock like that down so much? >> i think, stu, there were three things that caused that stock to trade off last night and this morning. one the going forward's less disclosure, i call that a chump movement that's a technical term on wall street. secondly is they did give us guidance for the balance of the year that implied there's revenue growth decelebration. and third is you had -- deceleration. and third is you had a strong stock price surge year to date, so the mark is high. you have to do a beat and raise quarter, and they did what i call a beat and bracket quarter. that kind of explains the correction. i think it's more of an expectations correction rather than a fundamentals correction. so we remain buyers of the stock here. stuart: you were on the show just the other day, i think you said you've got a target price of, what was it, $640 for netflix in are you sticking to that? >> yeah. we actually 3wu6red up it up to $650. it still doesn't imply dramatic upside, maybe 12, 13% or something like that.
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where i really like to get aggressive on stocks is where i see kind of 20-30% upside. it's not there. if the stock were to come in more, i probably would make it one of our top picks. it's in the there now. look, it's a good fundamental story. they add added more subscribers in the u.s., in their most mature market, they added more subscribers than any other quarter except for the covid are, you know, march 2020 quarter. when you looked at a the old market and you see you still get record number of new subscribers, that tells you just how sustainable the growth is. they also hit record operating margins, so fundamentally i think the results got better. i understand you get these expectations correction, my career on wall street tells me really good assets always have some sort of expectation correction along the way. those are things you buy. stuart: for the benefit of our viewers and myself who don't always understand these things, can you explain how the algorithm read one sentence in the report and tank thed the stock? i mean -- can tanked the stock. i mean, is that normal?
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what's going on? if. [laughter] people get frustrated, you know? you're sitting at home, you see a great report, you think a stock's going to the moon and it tanks. >> there was also the sentence when they gave the full-year guidance and what people realized is that means you're going to do 20% revenue growth if you adjust for currency in the first half of the year, and in the back half you're doing 15%. market looked at that and saw, well, we're talking about a deceleration in the growth. that and more limited disclosure, i don't think there's anything nefarious about the disclosure. the company for a while has said we're going to downplay subs as a metric for you to focus on. i still think they should be disclosing it but, you know, they've made the decision. stuart: mark ma havenmy, the voice of reason, still looking for $640 a share on netflix. come back soon, mark mahaney. in three seconds this market will be open and away we go. we're looking for gain right from the start the here. israel strikes iran overnight,
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and next morning it goes up. the dow is up, started with a gain of -- well, 20-odd points. and if you look at the dow 30, about half of them are winners, half of them are losers. how about that? the day after an israeli strike on iran. how about the s&p, have a look at that one. it's also opened slightly lower. 5 points down on a 5,000 index. obviously, that's not much selling. the nasdaq composite, that's down .39%. and that's a 59-point -- lauren: and down for the 7th day. and the markets are all a down three straight the weeks. stuart: i'm glad you pointed this out, because you're absolutely right. look at big tech, microsoft, alphabet, apple, meta, amazon, they are all a down. let's take a closer looked at a apple, because their relationship with china looks to be kind of strained. what is china ordering apple to do? it's a big deal, isn't it? lauren: their cyberspace administration is asking apple
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to remove whatsapp and threads. those are owned by meta, another major company. china wants them to remove those apps from the chinese app store because of national security concerns. okay. the "wall street journal" say, well, it's because of political content that is criticalling of the chinese president. apple has this very complicated relationship with china, right? it's a huge market for them. and now that complicated relationship just involved meta. stuart: is and it's taken apple's stock down to $is -- 165. lauren: and meta if down 1%. stuart: some of the earnings reports that came out earlier this morning, procter & gamble. lauren: it's a dow stock. it's down about 2%. they had sales of just over $20 billion, slight miss, but volume was good. they make pantene, many of the brands that you buy at the grocery -- stuart: they run the grocery store. [laughter] lauren: their volumes were up by 3%, and they're guiding for higher profits this year. but still, stock down. stuart: okay. american express. my prompter says the rich keep
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on spending. lauren: they do. stock's up 1.4%. not all rainbows and unicorns, they are seeing some softness in small and medium business spending and modest increases in the therein again e says and writeoffs -- delinquencies. stuart: american express cardholders are rich, is that what a we're saying? lauren: yeah. and nothing is worrying hem enough where they're cutting back. stuart: nice to be rich. the luxury retailer, nordstrom the, i hear talk it might be taken private. really? lauren: yeah. the board of directors is forming a special committee, and that committee will explore whether it should be taken private by the family, the nordstrom family. the family owns about a 30% stake. they actually offered to buy nordstrom seven years ago at $50 a share. stock's at $18 right now. and, of course, macy's, chief rival, also under pressure to sell itself. stuart: that tells you about the decline and demise, perhaps, of
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the department store. tesla, ooh, this looks bad. they're recalling thousands of cyber trucks. but the stock's up. lauren: yeah, for the first time in seven days. so this is quite a story. there's an issue with the gas pedal which is an accelerator pedal on an electric car, and it's not an over the air software fix. you physically need to take your cyber truck in to a mechanic to have it fixed. the number of cyber trucks called back, 3,878. that appears to be the everybody single cyber truck on the road. or manufactured between november and april 4th of this year. gets even crazier. the problem is soap. they used soap to mate the ped ifal pad to the pedal, but the soap is also causing it to unlatch. hence, you have a recall or whae the every single cyber truck delivered. stuart: and the stock is up if n
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for seven days. lauren: elon musk can change the entire narrative on tuesday. stuart: i was watching the market closely when the news of the israeli strike on iran broke. bitcoin dropped to $59,000 a share. lauren: it did. stuart: now you're about 65. what's going on? the. lauren: that was a fast recovery. stuart: it was. lauren: i don't know what's going on. [laughter] what is bitcoin? is it saw saw a safe haven? maybe. is it risky? absolutely. can it be both at the same time? can it be different things to different people? i can tell you what is going to happen likely tonight, we will see the halving, right? when the number of bitcoins that are mined will go from six and change to three and change. so bitcoin is becoming much more scarce in just a matter of hours from now, and if demand stays the same, the price could go up well past $65,000. i looked this up. the first halving was in 2012. bitcoin was $5 then. five months later, it went to
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$127. so, i mean, when you think about it, this could be a huge, huge price accelerator for bitcoin. stuart: if history repeats itself. we shall see. lauren: yeah. stuart: lauren, thank you very much is, indeed. lauren: one more. stuart: wait a minute. trump media with, where is it going? if. lauren: what is it doing now? up%. it's basically flat on the week. the news is the ceo, devin nuñes, sent a letter to the nasdaq where it trades asking the ceo of the nasdaq to help enforce short selling rules. to go through this, short sellers borrow shares, then sell them back at a lower price later on. but trump media is concerned that what's happening is naked short selling, and that's illegal. what's also happening, because this has been so sol till this week, rump -- volatile this week, trump media is an emotional stock to own. a lot of people just don't like the fundamentals, they're short selling. you have a lot of people that
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don't like president trump, and then you have a lot of people who call themselves patriots on social media that love president trump, and they're going at each other. this has become an emotional trade. stuart south it sure that -- ha. check the big board, we're up 75 points. oh, what a difference two hours makes. look at the dow winners, please, there are several on that list. american express, chevron, honeywell, caterpillar, unitedhealth. united health is back on the upside again. s&p 500 winners, paramount global, american express, fifth third bank corp., first solar, united airlines. sorry, nasdaq composite winners, what have we got? old dominion freight line, baker hughes, diamondback energy, regeneron and illumina. lauren lauren no big tech. but many of them report next week. stuart: they do. lauren: tesla, meta, google, microsoft. stuart: show me the 10-year treasury, please. i like to know the yield. it is coming down a fraction, still at 4.61. gold, on the upside today
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because of the events in fact middle east but not as much as it was before. it had been well above $2400, now it's right at $2400. bitcoin, as we told you, went from $59,000 to 6,6 -- 64,6 in just a matter of hours. the price of oiling well, that spiked to $89 a barrel, now it's down to $83. how about that? interesting movements on the market today. coming up, britain's former prime minister, liz truss, she says trump has to win. she's warning against the deep state in america. of she's going to join me on set in the 11:00 hour. p. ray easily was a former intern for barack obama. now she's a proud conservative and trump supporter. what changed? i'll ask hersh she's going to be on the show. day four of the trump trial. will the former president testify? should he testify? trump's attorney, alina habba, next on that. ♪ ♪
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stuart: on the markets this morning 12 the minutes in, dow's up 130, nasdaq is down 70. i call that a mixed picture. the dow, let's see what we've got here, the s&p relatively flat. there you have it. i wasn't expecting that commentary on the prompter there. thanks for the contribution -- lauren: [inaudible] stuart: they are. [laughter] lauren: it's friday. sthawrt. stuart: they don't think i can get through it. it is day four of trump's hush money trial. 12 jurors and 1 alternate have been selected, 5 more alternates are still needed. eric shawn joins us from outside the courthouse. give me the latest, eric. >> reporter: good morning, stu. man, is he angry, former president trump arriving -- >> never done that before -- >> reporter: in this as the lawyers are in court now talking
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to the prospective jurors to get the 12 that will finally, they hope, start opening arguments on monday. as far as the jury's concerned, they all promised they would judge this case fairly and appropriately. but the former president arrived here wanting to have that gag order lifted. here's what he said. [no audio] >> and the conflict has to end with the judge. the judgement has a conflict -- the judge has a conflict, the worst i've ever seen, and it has to end with the judge. the gag order has to come off. i should be allowed to speak. every time i come out to speak to you, i want to be open because we did absolutely nothing wrong. >> reporter: and some of the views expressed by a few of the jurors have also raised eyebrows. trump's attorneys tried to keep up one woman off the jury who was critical of him and told the court, close, i don't like his persona, how he presents himself in public. i don't like some of my can coworkers, she said, but i don't
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try to sabotage their work. that brought some laughter in the jury box, but trump lawyers are not amused. they tried to keep her off the jury is, but they had run out of challenges, so she is on. another juror was more possing she, in fact, likes trump because he basically speaks his mind. and a man follows the former president on truth social but also follows mike ifing cohen on x. and it is cohen, the expected star witness, who has kind of really gotten into the president's mind. he's been attacking him on social media, and that's why the d.a. wants trump held in contempt of court. bragg has cited 10 examples of that. it could cost the former president $10,000 in fines if the judge finds that the former president is violating contempt of court and there's some concern from prosecutors that some of these posts on social media, that they have been actually emanating from the courthouse. that could be raised when they have a hearing on that. but right now the questioning of the jurors individually has resumed, so we'll see if we get
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the full panel of 18 by tend of the day. stu, back to you. stuart: eric shawn right there, thanks so much, eric. trump's attorney, alina habba, joins me now. alina, will the former president take the stand? >> it's yet to be seen. i know he wants to. obviously, i'm not there and i would never break privilege. but, you know, there is a couple things that have to happen first. they have a meeting with the d.a. team to find out what the scope would be. i know the president wants to testify. he's said that publicly last week. he hasn't done mig if wrong, so there's -- anything wrong so there's nothing to hide. in fact, he was in washington at the time. ing but this case is a joke. i mean, he's eager to speak to the public. i think it's important that he does, and the first step we have to do is get rid of this gag order as he said morning. it's unconstitutional. stuart: if mr. trump were to take the stand, who would cross-examine him? i believe alvin bragg wants to. >> yeah, e highly doubt that.
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you know, he might say he wants to, and that in itself is just telling that this is more of a pr play than an actual justice play. and if that's very clear from this. it's who gets to cross-examine a former president that's been sitting in a criminal court instead of campaigning. that's their interest. t not supposed to be that a way, let's be with very clear. i think michael coanglo has been very solvedded. as -- involved. as you know, we asked to see who the first three witnesses were so that the defense team could prep and be ready, and they refused to let the defense team know. so it's very sideways in there, unfortunately. it's something i've seen personally many times, and it's going to be difficult in new york. stuart: we were expecting jury selection to take two, maybe three weeks. looks like e it might be over this week in just one week. would you say that the process is being rushed a little? >> of course it's being rushed. we've had this case for seven or
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eight years. and then all of a sudden they rush to bring it before november 2024, and the only time he got indicted was after he said that he was running for office. it's like every other jack smith case that we've seen. the d. a. a in georgia. -- d.a. in georgia. everything is all of a sudden rushed. i have is cases personally that have been sitting in new york for three years and all that's been filed is complaint, and i can't get them heard. ec plane explain to me how judicial resources are not a problem when it's president trump. ing it's complete political election are interference. stuart: the new york judicial system does not look good at this point, but i wouldn't expect you to make a commenter on that, to steer clear of that. >> no, i can comment if on that. stuart: oh, go ahead. [laughter] >> no, you're 100% right. i mean, look, you don't think it's intentional that they pick a new york state, manhattan jury? it's intentional. same like georgia, same like d.c. you can't get a fair shake if you're president trump in these states. that's why they bring them
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there. stuart: alina habba, thank yous very much for being on the show and speaking freely, we appreciate that. >> thank you. stuart stuart jurors dismissed from the trial, i think it's a lady, she was asked about her impression of the former president president. what did she say? lauren: yeah. i'm not sure if this is funny or despicable. watch here. >> so you just became a citizen of the united states -- >> yes. >> so that means you've never voted in a presidential election. >> exactly. >> yet called to be a juror. what was your impression of donald trump when you saw him? >> you know, he looked less orange. definitely more yellowish, yellow. he doesn't look angry or -- i think he looks bored like he wants this to finish and go do his stuff. lauren: that juror was all smiles, but he was dismissed because she said she couldn't be impartial. he looked bored like he wanted to get it over with, of course -- stuart: and less orange. lauren: yeah.
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stuart: where does that come from? lauren: strange. stuart: coming up, president biden's mideast policy is a failure. that is my opinion. when he took office a, he reversed president trump's policies, and it's been all downhill ever since. that's my take, coming up top of the hour. rents stuck at a price many people can't afford. one economist says don't expect them to come down anytime soon. jeff flock covers that for us after this. ♪
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stuart: headaches in the housing market are not limited to just home sales. renters, well, they're paying through the nose. jeff flock has our report. jeff, first of all, what's the average rent for an apartment nationwide? that start there, please. >> reporter: i will or start there, but just to be clear, it's not just apartments. this is the a single-family home that's for rent here in new jersey. that's not a for sale sign, that's a for remember sign right here, and -- rent sign, and these things are also in demand because people can't afford to buy a home, and they're trying to rent. i got that number for you and here it is, put it up on the board, $1,987 is the median rent
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for an apartment right now in the u.s. now, that may sound a little high. it's only up less than a percent since the first of the -- [no audio] stuart: we just lost -- i'm afraid we just lost audio from jeff just as he was getting into it. $2,000 a month is the median rent. he was about to go on and say that was up just a fraction, less than 1%. he was going to go on and say look at new york city where i believe it is absolutely, it's out of control in new york city. and other cities like it too. we'll try to get back with jeff's information a bit later on. meanwhile, look at the markets. we're up 170 points for the dow, we're up 2 points on the s&p s&p. the nasdaq, though, big tech taking it on the chin again, we're down 55 points. show me the 10-year treasury, please. that's always key to these markets recently. 4.61%, is your with yield today. and the price of gold doing well because of the incidents in the
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mideast. we had been well above $2400 an hundreds -- ounce but now we've slipped below, $2396. where's bitcoin this morning? it was all the a way down to 59 grand, now it's back up to 64,. oil all the way up to $89, down to $82 a barrel as we speak. still ahead, tammy bruce deals with biden's challenge with gen-z voters. border guy art del cueto on gop lawmakers tying up speaker johnson's border catastrophe bill. i don't think art likes that. kevin o'leary says the trump trial makes america look like bunch of clowns. and britain's former prime minister, liz truss, she's got a new book out called "ten years to save the west." what do we need to do within ten years to save the west? truss on the set. the 10:00 hour is next. ♪ ♪ if our love's insanity, why are you my clarity?
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