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tv   Varney Company  FOX Business  June 6, 2024 9:00am-10:00am EDT

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maria: i want to thank this incredible panel. thank you so much. markets mixed going into the open. "varney & company" if picks it up. stuart: food morning, everyone. this is d-day, the 88 -- 80th
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anniversary of allied troops storming the beaches in normandy. the average a age of those veteran who is made the trip to france is 100. we'll take you there. we'll show you the greatest generation. to the money. another stunning performance from nvidia. it has surpassed apple to become the second most valuable company right behind microsoft. we've done the math. the top five tech companies are now valued at over $13 federal. 162 million americans own sock. they've done well. big tech companies are the crown jewels of american business. we're all over it. overall a, we have a mark rally. the s&p and the nasdaq closing again at new highs. the european if central bank cut rates a quarter point this morning, not much response here. in premarket action this morning, the dow's down about 12, fractional loss but virtually unchanged on the s&p, the nasdaq up 21 is points. as for bitcoin, $71,000, 711,1,
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to be concern 71,1, to be precised. interest rates, the 10-year is right around 4.30, 4.31. the 2-year, you're looking at 44.75, little change -- 4.75. oil, $74 a barrel. gas, down 2 cents, $3.48 is your average for regular, and diesel is down one cent at a $3.83. gold, $2,377 per ounce, 376, got it. politics. donald trump appeared with sean hannity last night in a wide-ranging interview. he said the leaders of russia and china are, quote, at the top of their game mentally and joe biden is not. he said america has become a banana republic and by the time biden leaves office, 20 million migrants will be in our country. that's from trump. today trump leaves for campaign stops in arizona and california. what will be his reception in the deep, deep blue golden state? if on the show today, the white
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house rattled by the "wall street journal" article referring to biden's declining mental and physical abilities. they sent out their supporters who claim the president is, in fact, sharp as a tack. it is thursday, june 6th. yes,es it is d-day. varney and company about to given. ♪ ♪ ♪ ♪ i'm still standing -- stuart: i'm still standing. okay. who would that be with referring? the president or donald trump or what. cloudy day today. we're going to start this morning with donald trump's one-on-one interview with sean hannity. he went after a biden. lauren, take us through it. lauren: he said biden is weaponizing the election through the judicial system. he also said the usa's becoming a banana republic. >> what i've gone through,
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nobody's ever gone through. i'm a very legitimate person. i built a great business. everything's been -- i have been under siege. nobody's ever seen anything like this in this country. now, in other countries, in other third world countries or banana republics, as they say, a banana republic, we've become a banana republic. at the border we've become a banana republic. with so many elementses of our country. you take a look at what's happening with inflation, that's a banana republic inflation. lauren: i thought this was one of his stronger issues. you mentioned the mental acuity of our enemies and their leaders, but he was also a very humble. he spoke about how he relates to addiction speaking about president biden's son hunter and what's going on with him. i thought he was very, very strong. i liked his tone in this interview. stuart: humanity -- humility is not a quality we associate with
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trump very often. maybe that's breakthrough, who knows? lauren, thank you very much, indeed. the "wall street journal" reporter behind that bombshell piece is defending her story. roll tape. >> what's not really at dispute is a lot of what we're seeing in these meetings, and when we talked to administration officials, frequently there was not a difference over what was happening there was a difference in cast. so, for example, in the debt ceiling conversation. if biden had a loose command of detail, well, that was because the principal was supposed to be above the fray. he's not supposed to be engaged. if in the january 17th meeting the president, for example, is standing back letting lawmakers do the talking, that's an appropriate way to run a meeting. so there's not a dispute about the basic facts here. stuart: not a dispute about the basic facts here. todd piro joins me this morning. not dispute about the basic facts here. >> that's concerning if you're the biden administration. look, basically, the white house is taking these bad facts and
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spring it. everybody does that. -- spinning it. it's less of a spin and more of an excuse, and we all a can't buy it. this isn't some ceo delegating to the people below him and and sitting back and saying everybody's doing a great job, trying to take it all in. no. this is the leader of the free world, and he's not able to do the job now, how is he going to do the job for another four years? that's the question the american people need to ask. stuart: well, that's the question we've been posing all along, is this man capable of being president for the next four and a half years? >> no, he's not. stuart: i've never heard anybody say, oh, yeah, he'll do just great. >> i've said this multiple times on the show, their not necessary writer -- they're not necessarily voting for joe biden, they're voting for an administration to tar carry out their wish z because the guy at the top can barely get through the day. stuart: we've got a new poll from georgia. in georgia it shows that trump beats biden by 5 points. that's interesting because that a poll was taken after the trump guilty verdict. i mean, i could conclude from
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that that the lawfare if tack a tick of the president just didn't working. >> well, actually, it's backfired. not only is it not, working, it has backfired. stuart: you go that far? has it backfired? >> i think we need to see the other states at this point. but when you look at georgia, republicans have had a horrible time in georgia over the last four plus years. up by 5? that's a really good sign for the president, and this is a liberal quinnipiac poll. quinnipiac skews left. good news for president trump. stuart: biden's struggling in the battleground state of pennsylvania as well. is this all about gaza? lauren: absolutely. the white house, it's like a half support strategy for israel. it's divided the democratic party in states where they can least afford the division. a man called abe a who lives in pittsburgh with, pennsylvania, told "the wall street journal" i have a very hard time imagining myself being able to pull that lever for him seeing what biden has endorsed and allowed to the happen. it'd be very hard to say yes because voting is still a tacit
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endorsement of that individual. he doesn't like deaths in gaza. but other democrats feel completely abandoned because they're jewish, that biden abandoned israel. so they're submit. the administration's wishy washy on its support for israel, and i think the party and most americans see through that. and you guys were talking about the swing states. i look at the real clear political average every day of the swing states. right now at this moment trump is up in all 7 of them. he's up by 2 in battleground pennsylvania. stuart: okay, got it. next let's turn to the markets. nvidia passed apple in market cap making them the second most valuable public company right behind microsoft. how far behind microsoft is nvidia now? lauren: $140 billion. stuart: that's a mere $140 to-- lauren: that's a couple good days of trading. microsoft is worth $if 3.15 trillion, nvidia 3.01 trillion. nvidia's up 12% this week. this week.
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they own a.i. it's their market. we're all a trading in it. and more people will be trading in it, because guess what happens tomorrow at the close? the 10 for 1 stock split. stuart: okay, got it. so monday they would start trading as a split stock. >> monday the 10th. if you look at this year alone, nvidia, microsoft, meta, google and alphabet -- amazon, rather. those five stocks make up 60 of the s&p's 12% return this year. those are the 5. stuart: we'd better bring in adam -- he's chomping at the bit here. [laughter] your original a target price for nvidia, i think, was $120 to-- 1200. you've raised it to what? >> to 15755. i know you're saying, why didn't you round it to 16000 -- 160 to-- 16000? so microsoft trades at a 35 pe, price to earnings multiple. if you put the same 35 multiple
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on next year's theoretical earnings for nvidia of $45, you get to 1575. and the reason that it's up from 1200 is because i had been putting on the current year earnings of 30. so i just said, okay, now that a we're half away through i the year, what do i think they earn next year? the key here, and this is really important, stuart, these are aggressive numbers, you know? nvidia needs to keep growing. it needs to keep putting up the numbers, it needs to keep leading the a.i. revolution. and if it does that, i will keep raising my target as a will others, and the stock will continue to go up because people will continue to buy it. but they need, they need to put up the numbers. do you see what i mean? if. >> i understand that. i'm looking at the big picture for a second. we've got a really nice market rally here, ups and downs every day, but nasdaq and the s&p closed at all-time highs yesterday. >> yes. stuart: is this because inflation is, in fact, declinin- >> yes. stuart: -- and interest rates are, in fact, coming down. >> yes and yes. and i would add to that what we
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were just talking about with nvidia, and that is earnings. we have the most number of people ever who are gainfully employed, and because two-thirds of our economy is consumer spending, that is generating profit growth at a companies which is generating earnings. so i if you have you have the economy, if you have employment and if you have earnings, you can have stocks go up. at the same time, we are seeing inflation slow. the average of the four inflation indicators is now 2.8%, all right? the fed's target is 2. cpi was as high as a 9.1, now it's around a 3. it's still high. prices are still going up, it's still uncomfortable for people, hard working american families, but inflation is coming down. so when you combine falling inflation with a still-strong economy and rising earning, yes, you have an environment for people like me who buy stocks, and we want to own stocks. stuart: you notice how politicians whenever they refer to people, they always say hard working american people. even's got to be hard working
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always, always, always -- >> well, you're hard working, i'm hard working. todd or lauren, we're all hard working. stuart: yes, we are. it's just the way politicians finish. >> yeah, i know, probably true. avoid cliches, is that what you're selling -- telling me? stuart: sort of. >> all right, you win. [laughter] stuart: coming up, the trump campaign has sent vetting materials to top vice presidential contenders. we'll tell you which three names come up most in discussions. donald trump said there could be more than 20 million illegal migrants in the country by the time biden leaves office. roll tape. >> he's allowing terrorists to flood into our country, and the numbers are probably 16, 17 or 8 million people -- 18 million people. you're going to have over 20 million people -- stuart: 20 million? is that an exaggeration? well, tom homan will be with us shortly, and he'll deal with that. he's next. ♪ ♪
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stuart: just one day after two nypd officers were shot by a teen migrant, fox news went on a ride-along with the nypd to see firsthand how they're handling crime connected to the migrant surge. alexis mcadams joins me now. alexis, what did you see? >> reporter: hi, stuart. we were in queens and other areas near the bronx not too far from where those two officers were shot by that venezuelan migrant who was out on a moped in that area near queens. also linked to a string of robberies. this comes as the officers are recovering, and the nypd is cracking down on the scooters that are linked to the major spike in crime. >> it's going to be one of those nights. >> reporter: fox news hit the streets with the nypd. >> i have one moped, northern boulevard and --
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>> reporter: what's going on right now? >> so they have a guy driving a stolen moped. and that's how it starts, right? stolen moped, they commit a crime on a stolen moped. >> reporter: the department's highly skilled community response team out in queens patrolling a neighborhood they say is a hot spot, finding drugs, guns and this guy who they say is a repeat offender. 49 arrests. is that shocking at this point or -- >> no, not at all. arrest him for the second time in two weeks, arrested by the same officer. >> reporter: we hit lots of hot spots, we've seen more than 50 unregistered mopeds that they've taken off the streets. >> we are seeing a huge uptick in people committing crimes on scooters. >> reporter: according to the nypd, armed migrant moped croups have been eye -- crews have been tied to dozens of street robberies. police say this is just one example of crime connected to the ongoing migrant surge. just this year the nypd says they arrested two armed
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venezuelan migrants on mopeds and charged them in connection with more than 100 robberies. >> there's 200,000 migrants that have come to the city, give or take. a small portion of them did not come here for the american dream, they came here to prey on new yorkers. >> reporter: so the department is on record pace for those scooter and moped seizures, but a lot of people are watching at home and across new york wondering what's the big deal. they say it's really connected to that big surge in migrant crime. back to you. stuart: alexis, thank you very much, indeed. trump predicts we will see 20 million illegal migrants in this country by the end of biden's presidency. watch this. >> there's never been a president like this. look, he is a horrible president. he's destroying our country at the border. he's allowing terror terrorists to flood into our country. and the numbers are probably 16, 17 or 18 million if people. you're going to have over 20 million people, i think, i believe and a lot of other people do too, by the time he,
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hopefully, gets out. stuart: tom homan joins me this morning. tom, what's your number? trump says 20 million by the end of biden's term. it sounds kind of a high number to me. >> no, t not a high number, and let me explain in a minute. but first, i really want to talk about the -- no one's talking about it, the illegal alien that shot the two cops, people need to know this. his case was dropped by dhs. even though he entered this country illegally, claimed asylum, they removed his case from the court. 350,000, they removed. he's not even in court proceedings. i want the american people to know dhs dropped his case, which is travesty. as far as the 20 million number, look, we've been saying there's 12 million illegal aliens in the country for two decades. it's always been higher than that. we know the biden administration has released 14 million -- add a 6 to the 12, you've got 18, and by the end of this year, a million people through the cbp1 app and the if aliens flying in
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through the port of entry. so 20 million is not an exaggeration at all. stuart: that's just an enormous number. i don't think people have wrapped their arms around that one yet. biden introduced the new executive the action on the border. it went into effect midnight wednesdayful tom, have you seen any impact from these new rules? >> no. look, that's smoke and mirrors. i looked at that, i read the whole thing. what's disturbing is they're saying it's okay for 2500 people every day to be red.c.ked into the united states -- released into the united states. why isn't that number 1? they're saying 2500 a days which is close to a million a year, again, add a million coming through the points of -- ports of industry, are we okay with 2-3 million illegal aliens entering this country a year? we're not. and this is nothing but smoke and mirrors. they do nothing about the illegal use of parole, they did
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nothing about a child trafficking. children were excluded from this means the cartels are going if to keep smuggling children in this country, child trafficking. since biden's been president, over 4000,000 children have been smuggled into this country in the hands of criminal cartels, and they can't find almost 1000,000 of them that they've released to sponsors. this is a terrible, terrible thing. stuart: what -- where's the left? they were screaming blue murder when trump was in power and kids were coming across the border, and now we've lost 80,000 children, don't know where they are. 4000,000 are in the country -- 4000,000 are in the country all over the place. where's the left on this? where is the outrage from the left? >> you know what? i'm dumb founded. it's disgusting. and i tell you based on my three decades of experience, the children that are missing, many of them are being forced labor with. we've found hundreds in forced labor in meat packing plants, we've found some involved with sec trafficking.
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a lot of -- sex trafficking. a lot of this almost 100,000 children missing, many of them are living a life of hell, and no one seems the care, right? they still talk about trump 2500 separations, but here we have 400,000, and no one's talking about it. stuart: you got that right. ought appreciate it, thank you, tom homan. donald trump says he has a solution to the country's drug problem. what is it? >> and it comes with a powerful warning to the drug dealers in a possible trump second term. watch. >> you'll never really solve the drug problem unless you do what other countries do, and that's -- >> [inaudible] >> -- the death penalty for drug dealers. a drug dealer or on average a, will kill during that person's life 500 people. unless you have a death penalty, unless there's something that they're -- right now they don't even get charged with anything. if you don't institute the death penalty for drug dealers, you'll never solve that problem. >> and, stu, as you know, trump
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has spoken before about a going after the cartel at their bases of operation in mexico instead of waiting for them to flood u.s. shores with the drugs. stuart: got it, todd. thank you very much. still ahead, check futures, first of all. we've got not much price movement on this thursday morning. the nasdaq's up about 30, dow down 1, s&p up 1. not much movement. got that. the opening bell is next. ♪ ♪ country girl, shake it for me, girl ♪ shake it for me, girl, shake it for me ♪ (luke) so... i hear some of you are concerned about the fact
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stuart: three minutes to go before the market opens. not much action in the early going. a little, tiny bit of green. d.r. barton with me. you say the a.i.-fueled rally has legs. so it continues? >> i believe it really does continue, stuart. and one of the things that i'm seeing with my engineering background is that we're still building out so much stuff. we have a 1200% increase in electrical, that's power plants plus data centers and computer certains in the u.s -- centers in the u.s. over the past 101 years, can be and that mostly -- 10 years, and that mostly has been in the last few years. so we are going to continue to
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see this rally head up especially into the end of the year. stuart: you like dell and the southern company. you said both are connected to a. a i.. spell out the connection. >> yeah. dell is a little bit of a weird kind of on the periphery because of something called edge computing. so, yes, we have the cloud where with stuff goes out to the cloud and comes back, but for things that need to be very, very low latency, low time to get from here to there and back like automated driving and other things, you've got of the data center ises everywhere, small ones. dell is specializing in that. put out a big software platform last year, and they're doing really well implementing it in these smaller data centers. southern company, stuart, we've talked about a it before. we've had it in the portfolio that we've recommended for years. lots of power's going to be needed everywhere, can and they
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have -- and they have a huge advantage in the nuclear space and some of to only people with long-term knowledge of the next nuclear generation that's going to happen are sitting within the southern company confines. stuart: okay. dell and the southern company, a.i.-connected, you like 'em. d.r. barton, thank you very much, indeed. i'll see you again soon. now we've got to 30 seconds to go before the opening bell rings and the market opens. we're not seeing much price movement in the very early going. in fact, we've got a tiny bit of green. of i'm going to repeat that, tiny bit of green. dow's up 20, s&p up 3, nasdaq up 31, but they are in the green. there's no significant numbers coming out this morning, but we did have the europeans cutting interest rates by a quarter point. bank of canada did the same thing. don't know whether that has any influence on our market, but that's the background. the market has opened and the dow with a very small gain, 24
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points higher. we got the dow up 20 points in the very early going with, an even split between winners and losers for the dow 30. the s&p has opened at another intraday, all-time high. 55357 -- 5357. a new high. the nasdaq composite also higher, .08%. 17 is,200 on that contract. nas nasdaq right there -- nasdaq is another all-time high. alphabet leads the big tech winner list. amazon second. big tech doing reasonably well across the board. look at, where are we now, what have we got next? we've gotten nvidia and apple. okay. they're -- we have nvidia up again this morning, another $13 higher, $1238 is the price. it's getting closer and closer to microsoft. in the most valuable company stakes. lauren: nvidia, apple and microsoft are the new big three, right? stuart: let's call them the big
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three. lauren: all3 trillion plus. stuart: you did that, that's good. the big three. now we've got this, novo nordisk, they are the famous makers of ozempic and wegovy. they're getting ready for some competition. all right, who is the new competitor? lauren: china. literally, all of china. they have a dozen companies working on yes fleshes. imagine that, china -- generics. china doing the copycat thing. here's the deal, novo nordisk loses the patent on the active ingredient in ozempic and wegovy in china in 2026. so it's soon. and the local drug makers are already -- half a billion people in china are overweight. just overweight. and then another 150 million plus are obese, and goldman sachs is saying that the generics could bring down the brand price by 25%. stuart: wow. and mow slow nor disk and eli lilly still a little bit higher this morning. microsoft.
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okay, i've got a thin sliver of that, the stock is down a fraction this morning. they're being investigated by the ftc. lauren because of a $65500 million licensing deal $650 million licensing deal. "the wall street journal" is reporting that the ftc -- both companies. regulators want to know how this deal was structured, why did it evade government review. this is what it's about. inflection a.i. has a chat bot. that chat pot is pi. microsoft also has a stake in openai which has chatgpt. in the government's eyes, whoa, that's way too much power for one company. i've got more. "the new york times" is reporting that the doj is now investigating nvidia. so the ftc takes microsoft, open a irk, doj takes nvidia. we have the department of justice and ftc going after our big three. on other counts too. the major players in this new
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technology. stuart: okay. >> can i just say i'm so sick and tired of this administration getting in everybody's way. from trump to nvidia, to microsoft, to everybody else. and not leading where it should be leading, which is supporting our allies, israel and ukraine. stuart: yeah. lauren: just look at this though. look at nvidia, $1,247 a share, it is 40 points away from surpassing microsoft in market cap. so it could be -- stuart: it could be today. lauren: -- number one, the most valuable company. stuart: it could, indeed, be today. but i second your thoughts there. i'm tired -- big is bad, therefore, break 'em up. they're having a go be at the crown jewels of american business. >> of course they are. stuart: crazy stuff. okay, i'll move on. a couple of earnings reports this morning. big lots, they're down 1011% -- 1111%. lauren: they say the customers are not buying the more egg pepsive items. they are down 12%.
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stuart: jm snuckers. lauren: price hikes are being accepted. price hikes are protecting their a margins. it's not all rainbows and unicorns, their pet food sales business fell more than 40% in the quarter. stuart: not the kind of company you tend to invest in, is it? >> no, it's boring. >> he's a skippy man. >> no, peanut butter doesn't get my attention. stuart: we're not degenerating into this discussion. we're going to move on to robinhood which is making a big bet in crypto. lauren: they're buying bit stamp, a crypto exchange. 855 tokens. really -- 85 tokens. $200 million cash. robinhood will now be in direct competition with coinbase, with binance, and cryptocurrency is a very significant and growing part of their overall revenue responsible for $126 million for robinhood in the first quarter, tripling from the quarter prior to that. stuart: okay. up again. 3% today.
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got it. the discount store, five below, it's down big and that a surprises me because don't they deal in relatively cheap items? i thought he were inflation-proof. lauren: they are. they -- stuart: or a hedge against inflation. lauren: they don't sell essentials. you can buy pool toys and candy, but with whereas your -- you go to dollar tree, you can get soap, for instance. they came out, they reported earnings and then cut their outlook significantly. and they're saying that their same-store sales will drop between 3-5% this year because the customer is beaten by inflation and is under pressure. they're not going to buy things they don't necessarily need. stuart: okay. the latest, please, on the gamestop meme rally. lauren: oh, where do i begin? the tock's -- stock's up today, 5.5%. it's up 80 plus percent since keith gill, roaring kitty, returned to social media last month. 800 something percent. so the -- 800 something -- 80 something percent. is he pumping and dumping, as
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we've discussed. for the ftc to sue gill for manipulation, it would need evidence that a he actually steveed the market. he's posting weird memes. he's revealing his gamestop position. he's influencing the market. i don't know if he's manipulating it. stuart: right. just revealing some strange cartoon character, right? if that's what he's doing. >> he's talking his book, you know? you ask me, adam, what am a i long? d.j. barton, what are you long? he tells you -- stuart: you've got your stock picks -- >> actually, yeah what. you want to talk my book? stuart: energy transfer, what's that? >> yeah. it's the nation's largest operator of pipeline ares. in fact, they move about a one-third of all the a energy in this country, crude, natural gas, rick wind. this stock, you want to -- liquids. it's trading very cheap, call it 10 times earnings, it yields 8%. does that get your attention? stuart: yes, it did do. -- yes, it does. but it's nothing to do with a.i. >> no.
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you need to have some ballast in the portfolio, you can sleep at night, it pays a big dividend, it's cheap, it's essential to america. i'm very happy to own this one. stuart: you like chub, the insurance provider. >> same idea, ballast in the portfolio, it's cheap, making new highs and trading at 00 times earnings -- 10 times earnings, and it's growing almost 10%. if the pe ratio is the same as the growth rate, 10 p persian, 10% earnings growth, that's very is attractive. that's one of those metrics guys like me look at as a being cheap. stuart: we'll take it. thanks very much, rapper. coming up -- adam. coming up, the rapper 50 cent -- [laughter] he says black voters identify with trump. roll it. [inaudible conversations] >> -- african-american men -- [inaudible] >> i see them identifying with trump. >> why do you say that? >> because they got rico charges. stuart: how many black voters do
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did trump's guilty verdicts bring in? even jen psaki says biden's border policy was just a political move. roll it. >> it's a political vulnerability for the president and his campaign. they know that that, they knew they would have to do something like an executive order before the election. stuart: all right. has arizona border sheriff mark can ills, has a he seen a slowdown since the order went into effect? the sheriff will be with us in our next hour. tj maxx and marshalls will give some of their workers body cameras. will it prevent theft? we're going to get into it with axon, their chief executive is going to explain right after this. ♪
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stuart: 13 minutes into the thursday trading session, a little bit of green. dow's up 50, nasdaq's up 34. take a look at a microsoft, nvidia and apple. lauren has labeled them the big three. [laughter] she's right about that. all three of them are trillion dollar companies. actually, $3 trillion companies. and nvidia is now just 30 points away from surpassing microsoft in market cap. so they're getting real -- lauren: who goes to $4 trillion first? i mean, we're actually talking about this. stuart: and when does somebody hit $4 trillion. lauren: i know. stuart: i'd invest in them now, if i could. tj maxx and marshall's, they've got a new way to deter shoplifting. tell me about this, todd. of. >> don't forget about home goods, the wife loves home goods, you may soon see employees with body cams meant to thwart shoplifting and keep stores and employees safe.
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people are less likely to do something bad when they are being videotaped. national retail federation says as of last year 35% of u.s. retailers were researching body cameras for employees. manufacturer of taser twices and other security equipment now designing and marketing body cams specifically for retail workers but, stu, one tj maxx worker in florida told them they were just for show and their presence did not make employees feel any safer. stuart: okay. let's bring in ax a son's ceo, rick smith -- ax a son. ax a son makes these body cameras in the retail industry -- axon. you make the cameras. tell me how they stop theft. >> well, good morning and thanks for having me on again, stu. so it's the same phenomenon that we've seen in policing, that when there's something recording, people feel they're accountable for their actions. and the data we're seeing out of retail is showing that people that are wearing body cameras
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are seeing 50 fewer confrontational incidents, and it's deescalating about half of them because when people know they're being recorded, again, most folks change their behavior. not everyone, but it does have a significant effect. stuart: now, is there also some use for these cameras and the footage that they film in defending the retailer in lawsuits? or just being a part of lawsuits anyway? i mean, that's what they're for really, isn't it? >> absolutely -- well, that's how they started. but these cameras can also a live stream to police. so if you have an incident that's really escalating, you know, most people don't realize this, but there were more active shooters in retail last year than in schools. and when those sorts of things happen, you want the police to be able to see what's happening, where the incident is and get there as a fast as a possible. so our body cameras can be opened up to live stream to both the security operations center and retailer, or they can share it directly with police and to our acquisition of a company earlier this year we can now
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help any retailer connect their cc tv cameras so when there's a critical incident, they can open those up immediately so first responders can get a late -- lay of the land. stuart: you make the police body cameras as a well. that's where you started. >> we do, that's right. stuart: what's the difference between the police and the retail industrial body -- industry body cameras? >> most of them are cosmetic. our police cameras are designed to fit in with the police uniform, so they're typically black so it doesn't take away from the element of their uniform. in retail, we've totally redone the cosmetics so they're a bit friendlier looking, they fit in with different brand colors, but it's got live streaming, panic button, so it's got the same safety feetures, we've just packaged it in a way that fits in more -- stuart: can you tell me how many of these retail body camera as are actually in use right now? is it thousands? 100,000? close to a million --
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>> we're not into the hundreds of thousands, we're probably in the thousands at this point, but there's a ton of interest. this was, like, i'd say police body cameras around 2012. but the data that's coming back is very encouraging. unfortunately, we're paying a price as a society for some bad policy decisions where, you know, they decriminalize low-dollar theft. many people were envisioning, you know, the pauper from the dickens novel of stealing a loaf of bred -- bread, and hay got mobs of people going in to steal $999 televisions. everybody has an interest in turning this thing around -- stuart: rick, i'm terribly sorry, i'm flat out of time. rick smith, thanks for joining us. thank you very much, indeed. adam a, i want to know how retailers in general are trying to deal with this enormous problem of shrinkage. what are they doing? many. >> they're closing. and that's the problem, they're
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closing stores. a cvs and walgreens have just closed in my neighborhood, you know, 20 blocks from here. and the real problem, and the ceo just made the comment, we have d.a. as who are not prosecuting shop lift aring, they're not prosecuting crime, and they're doing that because they were emboldened, empowered, almost told by democrats that have been elected to go soft. that somehow it was acceptable for this sort of thing to happen. it's not acceptable. stuart: no, it's not, they're closing. adam, thanks a lot. now, coming up, when "the wall street journal" published an article highlighting the president's declining mental and physical condition, the white house was truly rattled. the trucking industry short 64,000 drivers. jeff flock is behind the wheel at a truck driving academy. he's next. ♪
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stuart: the american trucking association says we're going to need 1.2 million drivers over the next decade, we're 62,000 short now. jeff flock at the roadmasters' driving academy in pennsylvania. all right, jeff, how long does
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it take to become a truck driver, and what do you make when you qualify? >> reporter: four weeks, stuart, at this roada master facility here in bethlehem, pennsylvania. you make maybe 600, 700 grand to start with -- 60, 70 grand, and this is my first time -- >> left, got it. if you see maybe luis out here, he is the chief instructor here. got it. the first thing they teach you is how to drive straight. >> very good. stuart: you think that's easy. if you've been behind the wheel of an 18-wheeler -- >> [inaudible] >> reporter: yep, okay. now, the next thing they teach you to do is to go in reverse. okay, we going back? >> yes, sir. >> reporter: okay, here we go. >> floating like on a river, nice and easy. keep it in the middle. >> reporter: as you might guess, this is former army ranger, a veteran -- >> very nice. or. >> reporter: has been instruct thing here for about a six years. as you point out, stuart, we're
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behind in terms of -- >> 9:00. >> reporter: got it. >> reporter: very nice. >> reporter: the problem though is that folks are getting older. it's really hard to talk and maneuver this truck. >> very good. >> reporter: but we're in what they call a freight recession right now. three, got it, okay. i'm still going backwards. okay, got it. a freight recession, declining the number -- >> 3:00. >> reporter: okay, got it. >> good. >> reporter: the numbers of freight being transported now has actually been down the last few years because of the weaker economy. but still there's the need for these drivers. and as a i said, everybody who comes through this -- >> 3, 2, nice and easy on the brakes. >> reporter: okay, got it. okay, great. whew. okay. >> very nice. good job. >> reporter: up and back. thanks, brother. [laughter] it looks easy, doesn't it, stuart? it's not as easy as a it looks.
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i was going the quit my job but now i think i might rethink it. [laughter] stuart: jeff, that was really cool. good stuff, jeff. we'll see you again real soon. thanks a lot. i've got to take a moment to thank todd and adam for joining us. hard work. >> i love the fact that flock has that guy, or he's got producers yelling in his ear, all angles. >> that was awesome. lauren: thank goodness no other cars were on the road. that was impressive by jeff flock. stuart: good stuff. thanks, everybody. still ahead, ben domenech on trump's reaction to the journal's piece on biden's age. trump says biden was not at the top of his game. house ways and means chair referring hunter and james biden for criminal prosecution, martha maccallum on biden's visit to france. how's he look on the world stage on this d-day? and congressman darrell issa or, he's in normandy, he's going to jump out of a plane to commemorate the 80th anniversary of storming the beaches in normandy. the 10:00 hour is next.
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