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tv   Varney Company  FOX Business  May 29, 2024 11:00am-12:00pm EDT

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>> political act, to he's a disaster. this was a big mistake by the biden campaign. what undecided voter is going to be moved by what robert deniro said e? >> the israelis can discuss a ceasefire when they have their hostages back. they don't even have that. and this all lays at the feet of hamas because they're the ones that are hiding behind civilians. >> i felt like during their meandering sum is make yesterday the state was trying to throw spaghetti on the wall in the hopes they connect with all 12 jurors. >> what cud he do expect come there and rave like a like concern lunatic about the apocalypse that is the donald trump second term? >> what president biden's now doing is undermining democracy with these charges and this ridiculous case. ♪ ♪ ♪ stuart: californiacation.
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>> red hot chili peppers. stuart: this is a family show, sports fans. i'm surprised at this. we're embarrassing mr. wonderful9 sitting right here. >> morgue i like it. stuart: you like it? [laughter] okay. let's move on. 11:00 eastern time. it is wednesday, may the29th. on the markets i still see plenty of red ink. the dow's down 3690 -- 3606789 the nasdaq is noun a mere 47 points -- 360. apple, amazon, alphabet up. meta, microsoft down. here's the key number of the day, look at this, the 10-year treasury yield is now 4.if 611%. it's gone straight the up. investors don't like that. now this. gavin newsom is the governor of california. he wants to be the president of the united states. recently, he's been with rather quiet. no big national interviews, no grand policy statements k and he's not even doing much with
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the biden campaign. there's a reason for this. california is not doing well. it's a very poor model for the rest of the country. newsom is in deep financial trouble. he's run up a huge, enormous deaf situate california concern deficit. california is bleeding red ink because with he's been spending big money, and now it's in retreat. he's cutting government jobs, cutting some progressive climate programs, cutting what are called state operations. he wanted to cut $12 billion from the public schools, but the powerful teachers' union soon got that reversed, and now he's desperately trying to reverse the $25 per hour minimum wage for all health care worker. he's scrambling. it's set to go into effect june the 1st. that's this saturday. oh, yes, he's scrambling. that wage hike alone would cost $4 billion a year. the that state can't handle it. he's trying to reverse it at the last minute. but he's still giving free health care to migrants.
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california is still a sanctuary state, it still has the highest taxes and wealthy people and businesses are still leaving. how can you run for the presidency when the sate you govern is such a mess in so consider the democrat dilemma. yes, they are, indeed, freaking out about biden losing, but they can't easily move him or his vice president, kamala harris, off the ticket. and even if they could, the front-running replacement, gavin newsom, has made a mess of his own state. third hour of "varney" starts now. ♪ ♪ stuart: steve hilton with me dodd -- today. he's a california guy. has newsom's long list of failures, do you think that's killed his chance of being the president? >> well, i don't know. i mean -- [laughter] we've talked about a it before, stuart. the question is, who else have they got? i mean, it's not exactly a strong field out there.
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but you're completely right. and in many ways, i know you don't like the word that you started this hour with, but they have totally f-ed up in this state. that is the bottom line. this is a complete disaster on every single level. what we've seen is a far-left experiment in action, and the results are in. i mean, exactly as you said, it is the state with the highest taxes, we have the highest taxes and the highest poverty at the same time which is kind of an amazing achievement if you think about it. hen you look at all the other areas. we also have the highest unemployment in the country, the low income growth, the highest housing costs, the lowest home ownership, the worst business climate ten years in a row. i mean, it is a complete disaster on every level. you talk about education. i mean, he's saying that they're cutting school budgets. not really. i mean, this is the one thing that they're not cutting, which is the pensions and the luxury health care that a hay give to the unions who fund their campaigns.
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and the budget, i mean, my goodness, these results come with a budget this has gone up from not more than a decade ago, about 11 or so years ago, the budget of california, the state budget was under $100 billion. now $330 billion and more. if they've more than tripled the budget. and looking at the result. s it is an absolute catastrophe if on every level. stuart: i can't imagine that the guy who who runs a state like that can go on to run the country and make the rest of the country like california. i simply don't see that, but, hey, maybe i'm wrong. i want to move on to something which i think you know a lot about, and that is police in attarton, wealthy california town, or they turned about 50 poems -- homes into what they're calling bait houses. they're using them to catch burglar withs. residents are volunteering their homes to be used in the operation. this is your area, i think. tell me more about this. [laughter] >> it's my town, that's exactly right. i'm afraid i can't report to you directly from a bait house
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that's not one of ours, but i know the police department here. they're very good, very effective. the interesting point about this, stuart, is that the crime story in california, we normally think of that as the big cities or, los angeles, san francisco, and, of course it's terrible there, totally out of control where you have these far-left d.a.s. but actually it's spreading beyond the big cities into the suburbs, into towns. and that's why right across california you have concern about this. and here's another as aspect to the story. the home invasions, the burglaries which is really at the a heart of this particular story, that is coming from american gangs. they're roaming the state of california. so, of course, it connects back to the other point you mentioned which is the border policies. and right now p as a bill melugin has been reporting, california is the epicenter of illegal immigration, the highest numbers coming in through the san diego sector because what you have in california is a combination of disasters. open borders ideology from washington and the federal government there plus open
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borders ideology from the california government here -- stuart: what a mess. >> it's a complete if disaster. stuart: all right, steve hilton. we've said our piece again, and i like it. steve hilton, see you again real soon. >> thank you, stuart. stuart: look who's sitting next to me for the next hour. the man himself, kevin o'leary. it's great to have you with us. >> great to be here, stuart. stuart: you've got kind of a story you want to tell me about many newsom? >> yes. last year's press dinner, i generally go to schmooze if around media, and i met him for the first time. very charismatic guy, really enjoyed it. and i took a selfie with him. i didn't consult any of my social media people or anything, and then i posted it. and then i got on a plane without internet. [laughter] by the time i landed two and a half hours later, i had lost 1,. i talked about him managing one
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of the largest economies on earth and what a challenge that must be, but i kind of like the guy. he has a lot of work to do -- [laughter] because if that's the kind of reaction a you get from a diverse base like i have across all these different platforms, they were so pissed. i've never seen anything like it. i don't think d -- he's got to do a lot of work because everybody knows california is a basket case. i would never invest there. private equity, look, we've not to move to next, north dakota, montana maybe, oklahoma, we can't stay here because this is not in business. california's not in business. and san francisco's a war zone. stuart: i don't see how he could mr. president the president of the united states -- >> i mean, anything can happen, but i rest my case, your honor -- [laughter] stuart: okay. let's talk money. let's talk the markets for a second. what's with the 10-year treasury rising line this? 4.600 on the 10-year. that's a big deal to me. >> yeah. inflation's not going away, it's clear. and all the pundits, only 14
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months ago a when i was sitting here with you, were saying 4-6 rate hikes. no. 4-7 reductions in rates, remember? rate cuts, that was it. we got none. and right now there's a narrative emerging as of last week9 that the next thing the fed's going to do is raise rates 25 basis points. stuart: neel kashkari -- >> yeah, he was over or in london. stuart: yes, he was. he said rate hikes are not off the a table. >> no. and this is a narrative -- he's one of the best at a putting out what the fed is on a group think basis doing, and i think he's right. i think there's a 50-50 chance that they raise rates. anyways, this is the new normal, and these rates -- we could see a 55 handle -- 5 handle on that pretty soon. stuart you'd see a market that a really falls. >> yeah. but we've had great earnings or particularly on tech, we really have. the economy's held in there. it's a balancing act right now. stuart: got it. kevin, you stay with me for the hour, thank you very much, indeed. lauren, let's take a look at
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apple today. it's up -- lauren: yeah. they were up 1% just moments ag- stuart: is it still more if valuable than nvidia? lauren: yes, apple is more valuable. bank of america says apple is set open from it a, quote, once in a a decade phone upgrade cycle driven by the a.i. smartphone idea. bank of america is calling them in telephones you have apple ooh's big developer conference june 10th. bank of america does not expect apple to release all the bells and whistles of a.i., but it's a start, and they are really hopeful that the a.i. iphone is going to be this, start this massive upgrade cycle. stuart: was it wedbush that says hay go to 250 within the year? lauren: 275, dan ives says it's possible that nvidia, but perhaps apple and also microsoft could all hit $4 trillion valuations. if. stuart: i follow netflix closely. i think i saw them hit a new high earlier today.
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i think it was 664? hurp lynn correct. up 2% now. mark hama haven any said stock is going to 700 easy. they're seeing process results from their subscriber surveys here in the and also the u.k. users love the live content, the nfl games coming on christmas day, and that a gives netflix an edge as a its streaming rivals are bundling to keep their subscribers or to get subscribers, i should say. stuart: ca a ba -- lauren: down they go, like 1%. that's the chipotle of european food. stuart: is it really in. lauren: their profit margins in the past quarter fell to about 25% because of these incremental wage increases. the cfo put a number on it. he said they increased what they pay their a workers 8% from last year. so the stock's down even though their sales are great, they upped their sales guidance for the year because they're spending more to pay their workers. at the same time, they're also a investing in the connected kitchen idea. stuart: i didn't know that caba
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was the equivalent of our chipotle oi over here -- lauren: no, no, in the u.s. they sell european food, greek food, tough like that. you go through the line and pick what you want, and you make your pita. stuart: i'll try it. coming up, charlamagne tha god says talking about real issues like the border and crime doesn't make someone a maga extremist. watch this. >> all of a sudden a i'm on, you know, msnbc with the headline charlamagne tha god is spreading maga message. dude, people aren't maga, it's just a regular, everyday, working class person who's coming to me because they know i've got a microphone, and they're complaining. stuart: we're going to bring you the full comments. president biden will visit philadelphia today kicking off a nationwide effort to try and mobilize black voters. will he get the the same turnout that trump got, the same excitement and enthusiasm as trump got in the bronx? we'll find out. israeli forces pushing further into rafah.
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are we finally ready to let them finish off hamas? we'll ask congressman mike waltz. he's next. ♪
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craig here pays too much for verizon wireless. so he sublet half his real estate office...
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[ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. stuart: a report in the "wall street journal" claims the administration is pressing allies not to confront if iran on its nuclear program. don't confront 'em. that's the report. gillian turner at the9 state department. what do you have on this? >> reporter: so, stuart, the world's nuclear watchdog is called the iaea. it's set to meet in a couple of weeks, in june, and they are going to vote to formally censure or iran's nuclear program, but some biden administration officials are not
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onboard with this. they say calling out iran is going to embolden the cream. we -- regime. ing the state department tells us they are not trying to influence any other countries in this process. take a listen. >> that report is not true, we have not lobbied any country to vote against or an abstain from any resolution in that regard. we are actively increasing pressure on iran through a combination of sanctions, deterrence and international isolation to counter hair destabilizing behavior and prevent them from obtaining a nuclear weapon. >> reporter: now, if the biden administration back backs down from censuring iran, it would put the u.s. directly at odds with the u.k. and and france, major allies who are now leading the efforts for this june meeting. >> all the british and the french want to do is issue a resolution of censure. for joe biden, a censure is even too strong. when the french are stronger than the american president, we've got into a bad place. >> reporter: just this week a new iaea report suggested iran
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has increased its stockpile of near weapons grade enriched uranium, though the regime insists the program is, of course, only for civilian purposes. state department officials appeared to agree just two weeks ago. listen. >> president biden, secretary blinken will not allow iran to have a nuclear weapon, period. we continue to assess though that the iran is not currently undertaking the key activities that would be necessary to produce a testable nuclear device. >> reporter: so now behind the scenes state officials are saying that they have not made a decision yet about what to do in this june meeting, and they insist they are sticking by their tried and true policy of pressuring iran through sanctions and trying to isolate them on the world stage. stuart? stuart: gillian turner, thanks very much, indeed. florida congressman mike waltz joins me now. iran is producing more weapons-grade your rain crumb, and at the same time they want sanctions lifted.
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is biden kind of negotiating another deal here? >> yeah, stu, this team that was around obama is and biden, by the way, have been at this now since 2009. this is well over a decade of appeasement after appeasement after appeasement, and this concessions-based approach has only emboldened iran, has only given them the space to advance further. president trump was the only president that put enough pressure on 'em that they were broke, they were on their back foot, and they were desperate to come back to the table if a position of weakness. and i just want to point out one thing, stu. from that clip there, the deputy state department spokesman cleverly shifted the language. for the longest time, it's been we will not allow them to enrich enough uranium to produce if a bomb. now you notice he said a testable nuke. if next it's going to be one that's weaponized on a warhead. next it'll be one that's
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launch,. they're moving the bowl post -- goalpost in very subtle but dangerous ways, and iran is going to -- it's like the bully that's going to keep taking the lunch money, and these guys are the kid offering more more hoping the bully will stop. stuart: the $300 million pier built by the u.s. to deliver aid into gaza has been damaged by bad weather. is this a failure? >> stu, i think this pier debacle is kind of a met for for this administration -- metaphor for this administration's entire middle east policy, sadly. i know from back channel that officers familiar with the sea state, the weather conditions and what have you repeatedly briefed that this thing would not be able to last long with the way the weather and the sea is in that part of the mediterranean. and, oh, by the way, everyone
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should know they only got 16 trucks off of it, and 11 of the 16 were looted. the other 5 finally made it to the u.n. warehouse, and they're going to face the same distribution problems. but to put our soldiers in harm a's way, to waste over $300 million that's desperately needed all to virtue signal to the progressive base is shameful, and the president should be called out for it at every turn. everybody with any military sense knew that this wasn't going to make a dent, this was only done so that he could have something to say at the state of the union and placate the progressives. stuart: the news this morning is that israeli tanks are advanced -- have advanced further into central rafah. can we assume, can we suggest that maybe biden is allowing israel to finish off hamas if the tanks are in the middle of the town? is biden say, okay, you can do it? >> no. i think it's the opposite. i think bibi said and listened to the israeli people that we have to destroy hamas.
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they're openly saying if they're allowed to survive, hamas is saying this will be more october 7ths. so that's it. we wouldn't allow al-qaeda right on our border or isis right on our border to attack it again, so i think it's actually the israelis, you know, kind of giving the stiff arm a to the administration and saying we have to do what's in our national security interests. nobody's listening to biden, stu. not our allies or our adversaries. stuart: you got it. congressman, thanks for joining us. always appreciate it. see you again soon. >> all right, thank you. stuart: now this, u.s. lawmakers just met with the new president of taiwan. what was the purpose of that visit? lauren: show of support. china calls taiwan's new president a separatist. they do not like him, and they have been provocative in enhanced military drills in the taiwan strait and around tie. wan. beijing sees -- taiwan. beijing sees it as interference in their internal affairs, but the u.s. views taiwan as an economic and political ally.
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stuart: nobody is listening to bind, are they? -- biden, are they? >> it doesn't look look that way right now. clearly, the test for him -- and i'm quite, one thing i've learned about this israeli conflict, it's unique from any other conflict on earth, particularly in the last few days. every single image is broad cast within seconds including that fire. stuart: yes. >> in that fire, i don't know if you've seen those images, it is brutal. stuart: yes. >> i just can't imagine that not having a political impact one way or another. it's brute a. it's hard to watch it. stuart: it is. all right. stay there, more for you later, mr. wonderful. coming up, judge judy has advice for gen-z workers; if you want to be noticed, you've got to put in the work. watch this. >> you want to be successful in what you do, you're supposed to be first in the morning and close up shop. somebody will notice that. stuart: i'll guarantee kevin to
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o'leary has some advice for again z workers as well. we're going to ask him, that's for sure. the judge has just finished giving instructions to the jury for trump's criminal trial in new york. deroy murdoch was with mr. trump yesterday. he'll tell us how the trump guy is doing as the trial enters its final days. ♪ if. ♪ ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education
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stuart: two hours into the trading session is, we've still got the dow down nearly 350 points. the nasdaq's recovered a bit, it's down 632. still plenty of -- 62. how about the cryptos? bitcoin is at $67,5, and etherium, 3757. both of them down a little. a former top eggtive at ftx got sentenced to prison. what was he convicted of, and how much time did he get, lauren? lauren: this is ryan a salem. he led if ftx bahamian subsidiary and pled guilty to to operating an illegal money-transmitting business. the same judge that sentenced sam bankman-fried himself gave salem, here's your answer, 990 months or almost -- 90 months
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plus 3 years of supervised release and $11 million to pay back. my opinion, that was steep. the u.s. attorney said salem's involvement in two serious federal crimes undermine public trust in american elections and the financial system. stuart: well, kevin, you know something about this situation. do you think in this case the punishment, strong punishment, fitted the crimesome. >> well, full disclosure, i was an investor in ftx and a paid spokesperson for them during that period. i find this a little heavy. lobbying, political lobbying if and donating to democrats and republicans, has been done by corporations for while. obviously, in this case the judge deemed and jury that they breached those laws. 8 years plus 3, i find that a little heavy. however, here's the good news not for ryan, but all the crypto cowboys from that era are in jail. or they're out of business. and we have emerging now as a result of this a very positive
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environment in washington. we've got the bitcoin etf, we're going to get etherium, and all of the lawmakers are talking about a new version of integrated compliant crypto. and one other note, gensler was right. he never changed his tune. he went after everybody with other regulators. he won almost every case, and i respect him for that because he was consistent. may not if have agreed with him, and i went to washington to his hearings. that bay can take -- guy can take bullets being shot at him, and he doesn't change his tune. stuart: got it. respectability -- >> i respect him. stuart: all right. thank you, kevin. judge herren chan just finished giving -- merchan just finished giving instructions to the jury in trump's criminal trial. the jury has been dismissed to begin deliberations. eric shawn outside the courtroom. i understand the judge's instructions to the jury were long and somewhat confusing. does that mean it could take the jury a longer time to reach a
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verdict? >> reporter: well, hi, stu. you know, it depends upon how they go through all the evidence and a tremendous amount of evidence here in this case. if as you said, the secure instructions over, the jury -- the jury instructions over, the jury getting the case, weighing the fate of former president donald trump. let's take you live inside the hallway. if you look at the hallway just down to the right as the doorway to the courtroom, the jurors will have their own deliberation room where they will be deliberating after getting the instructions in which the judge pell spelled out the charges trump faces and explaining the legal guidelines they must aminored to reach a verdict. he told them the burden of proof is on the people meaning the prosecutors, that they should draw no inference in the fact that the defendant did not testify on his own behalf. he also told them to set aside any personal opinions or bias against trump and focus only on the evidence. he said, quote, you are the judges of the facts, and you are responsible for deciding whether the defendant is guilty or not
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guilty. he explained reasonable doubt saying it is an actual doubt, not an imaginary doubt. it is a doubt that a reasonable person act acting in a manner of this importance would be likely to entertain. and when it comes to infamous witness michael cohen and addressing his truthfulnd, the judge explained that you should the law the jury can disregard everything he said if they find that he testified falsely. the judge characterized cohen as an accomplice because he said there's the evidence he participated in the crime that's part of the case's allegations. he said even if you find michael cohen to be believable, you may not convict the defendant solely upon that testimony unless youal find it was corroborated by other evidence. he also a went true the 34 counts of filing false business records and instruments and finds if under the law the jury sees that the checks the that trump signed for cohen, the ledgers were falsified, that would be a violation and that's
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what a bumps this up to a felony. the judge left it open for basically three potential other crimes that the jury could find trump guilty of, one is dealing with the election play, others dealing with tax fraud, others dealing with intentional fraud to deceive. so right now the jury has the case, weighing the fate for the first time in the history of our country that a president of the united states, a former one, is an accused criminal felon. who knows how long this will take for the jury. we'll have to see and wait. stuart, it's now on. stuart: i'm confused by the jury's instructions, what let ill concern can little i've heard. look who's here now. delaware roy more dock -- deroy murdock is with us. he was at the courthouse with donald trump yesterday. first of all, how's he holding up? >> a lot of pressure, but he's amazingly cheerful. he was with his family, supporters and friends, brought in mcdonald's during the break -
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[laughter] sat there there having a quarterpounder and chatting with all the folks, sort of holding court. the man's incredibly resilient. you'd think he'd be balled up in a corn or, chewing his nails. he's not like that. he is concerned about this judge who he sees as a very conflicted. he mentioned to me his daughter's trying to raise $250 million in democrat fund raising based on this case, and that a at least presents the image of a conflict of interest, can and this judge should have refused himself ages ago. stuart: president biden and vice president harris are launching a new coalition to mobilize a black voters. at this meeting, it's at a pre. dominantly black college at philadelphia, it's a limited audience. i expect this to be an enthusiasm gap compared with trump in the bronx and invest new jersey, biden and harris in philadelphia at an all a-black college. i think there's no or comparison in terms of excitement and enthusiasm. >> no. you look at various meetings and
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rallies, not rallies, but get-togethers biden has done. he had one up in new hampshire where he had two dozen people -- stuart: i saw that. ing. >> and they're all a spaced around -- stuart: he couldn't fill the room. >> no. a few dozen, here in the bropg, not exactly maga country, trump had somewhere between 8-10,000 people in the park and others around the park trying to get in. some people said as many as 20,000 or something like that. so i think there's a real enthusiasm gap. and the outreach to black folks, it's what you see democrats do every four years, vote for us or the right-wing racists will come out and get you, and then black folks show up, vote for democrats, and then they see -- say, see you later and take off. it's the effort on the part of democrats to pay attention to their black base. stuart: deroy murdock, thanks for joining us. politics, charlamagne tha god speaking out about the
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biggest issues heading into the election. what are they? lauren: the border. and he said, look, i noticed this back in january, i was sunned -- stunned, literally used the word stuns, that worked class people were upset about what a was going on at the southern board. watch here. >> there was some backlash earlier this year when i got asked a simple question, or do you think the border is going to be an issue. this was in january. i said, yeah. the reason why is because for the first time in my life, people that i know are are having conversations with me about what's going on at the border. all of a sudden i'm on msnbc with the headline charlamagne tha god is spreading maga messaging. these people aren't maga, it's an everyday, working class person who's coming to me because they know i've got a microphone, and they're complaining. lauren: yeah. and everyday people who are struggling are saying, look, all the a illegal immigrants are getting the jobs and resources, and we're struggling. he noticed that. stuart: got it. lauren, thank you. coming up, denver has released a
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playbook for how to accommodate migrant newcomers, as they call them. they want to share their advice with other cities. the administering's considering a plan to force millions of homes to undergo renovations to meet climate regulations. we've got a full report on how much it'll cost not to mention the intrusion. we'll be back. ♪ ♪ it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%).
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stuart: former president trump has just emerged from the can courthouse, let's listen. >> -- as you know, very conflicted and corrupt. because of the conflict, very, very corrupt. mother teresa could not meet these judges. these judges are rigged. the whole thing is rigged. the whole country's a mess between the borders and fake elections. you have a trial like this with a judge that's so conflicted he can't breathe, he's got to do his job. it's not -- he's not for me, i can tell you. it's a disgrace. and i mean that, mother teresa could not meet those judges, but we'll see. it's a very disgraceful situation. every single legal scholar and expert said this is no case, it shouldn't be brought, and it certainly could have been brought seven years ago. not in the middle of a presidential election. it was all done by joe biden.
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this judge contributed to joe biden. and far worse than that, but i'm not allowed to talk about it because i have a gag order, far worse than that. a by a thousand times worse than that, but i can't talk about it. it'll be talked about, but i'm not allowed to talk about it. it'll be talked about in the history books. what's happening here is weaponization at a level nobody's seen before ever. can and and it shouldn't be allowed to happen. so i'll stay around here. this is five weeks, five week of really, essentially, not campaigning although i took a big lead in the polls over the last few weeks. something's going on. because i think the people of this country see that this is a rigged deal. it's a weaponized deal for the democrats to hit their political opponent. for joe biden -- the worst president in the history of the united states. he's destroying our country. he's letting millions of people from jails, from prisons, are from insane asylums, from mental
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institutions, drug dealers pour in. venezuela, if you look at their crime statistics, they've gone down 732% in -- 72% in crime because they're releasing all of their criminals into our country because of this horrible president that we have. and then they have a protest of robert deniro yesterday. he's a fool, a broken-down fool standing out there. he got maga'd yesterday. he got a big dose of it. but i just want to say it's a very unfair if trial. it should have never happened. if it was gown to the happen, it should have happened seven years ago. as you know, bragg didn't want to brick it. the southern district didn't bring it. the fec didn't bring it. this judge didn't even let us use the number one election attorneys. he's making the rules. he doesn't know a thing about elections. he doesn't know anything about a voting and vote counts. he count know anything about this stuff. that's not his profession. we had the leading election
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expert in the country, brad smith, ready to testify. wouldn't let him do it. they wouldn't let another gentleman who represented -- and you know very well, you saw it, it was the worst i think i've ever seen they were treated on the stand. bob costello. wouldn't let him talk about all of the hundreds of e-mails that he was sent by a gentleman, another gentleman who i can't mention because i'm gagged. every time i speak to you, you ask me simple questions, i'm not allowed to give you the answer because i'm gagged by this judge. we have a very, very serious problem here. our country's going bad. and remember -- let me just leave you with this, this is all because of joe biden -- and i don't even think it's him. i don't think he's smart enough to think about it. but it's the teem -- people that's around him in the office. they're start. -- smart. they're fascist, they're communists, and they're ruining our country. november 5th is going the to be
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the most important day in the history of our country. we're going to take back our country from these far ifests and these -- fascists and these thugs that are destroying us with inflation and with everything they do, or how stupid they are. allowing 15, 16, 17 million people into our country, totally unvetted, totally unchecked. we're going to bring back our nation november 5th. remember, the most important day in the list are of to our country -- history of our country. in the meantime, this trial is rigged. thank you. [inaudible conversations] >> [inaudible] more holy than mother teresa? stuart: we're just waiting to see if he will answer a or any of the -- any of the questions that are being shouted at him, and and the answer is, no, he is not going to answer a those questions. kevin o'leary with me this morning. biden's lawfare is a strategy. judging by trump's performance in court, before court and after a court, has that lawfare strategy failed? >> you know, stuart, i'm going to take a little journey on this just for a second.
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stuart go. >> it's very hard to talk about this case without getting involved in partisan politics for obvious reasons because half the country thinks this case shouldn't be brought, that's cheer. i was in europe last week fund raising in london, england, and geneva, switzerland, and previous weeks when this started, this is really bad for the american brand with. we took someone out of executive office, we had a porn star talking about sex with condoms in court to our -- to an executive the of, an ec-president of the united states -- can ex-president of the united states. that's what happens in venezuela. that's what happens in -- and so i walked in these meetings, and they want to talk about porn star wars. i thought to myself, what are we going to -- doing to our brand? i would argue western raise the bar on former education thetives regardless of what party they're in and say unless it's murder or, we're not bringing you in to
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courtful we're tainting our brand, a 2000- 200-year brand -- stuart: this is biden's strategy, crag him into court, embarrass him, maybe put him in prison, ridicule the man. he's the one that's den gate -- denigrating our brand. >> well, i think there's many people that feel the way i do that don't think this case should have been brought at all a because it wasn't worthy of tainting the american brand because that's what it did, and that's what it's doing. it's hurting everybody that is involved in the economy in america. that's what i argue. i think it's not good to do this to former executives that sat in the white house. why would you do this to the mother egg, america? if why would you do that? so that's my argument. stuart: they think they can win the election -- >> i don't think it's working. stuart: no, it's not working. >> but it is doing damage to our brand, and that the i am just sorry to see. stuart: come on, this is a -- lauren: tds, trump derangement system, a lot of people have it. do independents have it?
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speaking of brand. if you have to refer to former president trump as convicted felon former president trump, does that push independents to biden or not to vote at all? if i think that's the question. the nation's polarized. independents will determine the next. >> i listen to you say that, and i think we've sunk right into the toilet. that's what we did to ourselves. that's what we did to the american brand, the economy. the best economy on earth. the country that everybody wants to move to. the reason they get caught up in barbed wire is hay want to come to this country. this hurts that brand. stuart: it's all based -- i mean, biden's strategy's based entirely on trump hatred, trump derangement syndrome. it's -- the only way they think they can win. they're losing on all of the issues whether it's the border, inflation, the economy or just about everything, but they think they can win by trump hatred. they think there's enough people who hate trump and will, therefore, vote for biden. i think they're wroing. >> i'm flying 90,000 feet above that saying four years from now
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both of these guys are gone, and what did we do to our brand. stuart: that was a very important moment, i think. staying on the issue for voters, the border and migrants, there are about a 680 hotels in new york city. 135 of them are reportedly operated, operating as migrant shelters. one of those hotels is the roe hotel where car loss -- carlos used to work. carlos joins me now. you tell me, how do hotels make money from those migrants? tell me. >> well, they charge, they charge the city and the taxpayer, they charge them double. you know, people think you're just paying for the room, but you're paying for the staff members. you walk into one of these hotels, and depending on how far you get, you can see a table of 10 staff members. but out of those 10 staff members, only 32 of them are really working -- 2 of them are really working. the other 8 that are there just
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hanging around not doing a thing. and i used to say why do i need 10 people when i have 2 people only working? i need to get rid of some of these people, and the excuse was always the contract requires this many people, and it requires that many people, 10 of them, because they want to charge the city more from the taxpayer funds. so they upcharge anything they can, you know in they say, oh, we're going to offer them home schoolteachers for the migrants that don't want to send their kids to public school, the hotel's going to charge it to the city twice as much. so they find any little excuse to charge more money inside. stuart: what's the condition of these hotels from the inside? i hate to say trashed, but are they in good condition or not? >> oh, no, they're ruined. they're never going to be what they once were, and that's why they keep renewing the contract, but a -- because they don't want anyone to go in there and see what damage they've done to this place long term. every, every other week there
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was power power outages at the row on floor 23. i used to get, go to work and they would say you have 5 floors without electricity, go figure it out. and we would be without electricity because it would be five floors of illegal migrants wanting to plug in air fryers into their rooms. is so can you just do the math, five floors worth of people, there's 5,000 people in this hotel spread across 28 floors. you have 5 floors trying to plug in air fryers ors -- it's going to -- stuart: there's 13 if 5 hotels in new york city which house migrants, 6800 hotels altogethe. that's not going to change, is it? >> oh, no, because the last thing i've been hearing when i've been out talking to migrants at the border is they tell each other, they tell each oh make sure your hearing, your
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asylum hearing is in new york because in new york there's judges who lean a certain way that will give you more time. if you put your court hearing in texas, you're going to screw yourself over. so they tell each other make your court hearing in new york, claim your free hotel once you get there and then come back to the texas. because if you do it in texas, it's not going to go well for you. so they coordinate with each other, tell each other go to new york, go to chicago, go to denver. so this is not going to stop anytime soon. stuart: carlos, thank you for joining us and telling us the true picture here. we do appreciate it, carlos. thank you, sir. >> thank you for having me. stuart: kevin o'leary, it occurs to me that yesterday robert deniro was outside the trump trial saying trump is going to ruin new york and ruin america. who exactly is ruining new york, may i ask, kevin? >> two pieces of advice to all entertainers. you're an entertainer. the minute you go partisan, you
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lose 50% of your audience, number one. i love that guy as an actor. i don't think he's voting for trump, that's the other thing i learned. [laughter] stuart: he shouldn't have said that kind of stuff. >> i don't know how it helps him. stuart: it doesn't help bind, i don't think.. -- biden. i just don't think it works. lauren: he has the hollywood a a-list crowd, but he's 80 years old, and he's white. and president biden needs if black people, he needs spanish voters and young people. and i'm not sure an 80-year-old actor who we all seem to like as an actor basically saying get off my lawn is going to work. stuart: i'm waiting waiting for biden's statement when we get a verdict. lauren: of course. >> you know what should happen? he should immediately pardon trump, immediately pardon him. that would be a good move for him if he's found guilty and say let's play ball the real american way. let's debate. that would make him look really good. and if i were, if i were biden,
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that's what i would do the moment that occurred. stuart: that's a good idea. >> if it should be done. it's good for america. stuart: yeah. >> immediate pardon. stuart: yeah. lauren: but there's -- go ahead. stuart: but then biden would have to explain why on earth -- >> everybody would understand he wants to raise the bar to get us out of the toilet we just flushedover s toes down. it was bad for the american brand, and people want to hear policy. let's go into the debates two free men -- stuart: or get out of his own mistake by pardoning -- >> i hope he's listening. lauren: there's a chance president trump is put under house arrest -- stuart: is there? lauren: yeah, of course. that could be one of the sentencing, that could be the judge's sentencing. guideline -- >> how do you think -- lauren: then he potentially can't have his rallies -- >> how do you think dependents would feel about that? stuart: i've got to break away from this. [laughter] even though it's very important. you know what we're going to do now? we've got to do the wednesday trivia question. >> oh.
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i win these every time. stuart: oh, you do? >> yeah, it's fantastic. stuart: what is the styed of a -- [inaudible] hedge called? ear, wedge, paw, cheek. >> again, or i know the answer. lauren: you do? >> i win every time. you want to know? [laughter] susan stuart the true answer a when we come back. daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking.
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stuart: when we posed this question before the break, kevin insisted that he knew the answer and always gets it right. therefore he gets it first. what is the side of a hammer's head called? wedge, cheek? >> the answer is cheek. if i am wrong, i am litigating. lauren: i was originally going with par, not to disagree with you but that was my gut reaction. >> >> most have 8 different parts. cheek, the size of the head.

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