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tv   Varney Company  FOX Business  June 14, 2024 11:00am-12:00pm EDT

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from recent grads... ...to rising stars... ...to living legends. —you got this. —thank you. vanguard's retirement solutions can help all your employees be well on their way to their financial goals. that's the value of ownership. stuart: turning the tables on donald trump saying he's too old for the job and really? let the tale of the tape be the decision maker for you. >> strong america on the world stage makes for more peaceful planning and something was an
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example and joe biden is destroying in front of our eyes. >> not coming down and wager and say wow, $750,000 house is now $950,000 and that the dilemma that buyers have. >> i'm looking forward to a secure border, better economy, dead terrorists, and mean tweets. that's what i want for my christmases for the next fur years. >> thumb's up. i wish somebody would be kind to me and get me off this dam ride. stuart: what's this song? i like this song. ain't too proud to beg. it's like any news of the day and friday, june 14th and flag day, happy birthday to donald trump. 78 today. on the markets, the dow is still up nearly 200 points but we've
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got a very small loss for the s&p and for the nasdaq. the 10-year treasury yield coming down this morning and still down a bit, 4.21% and now this. pile on and during a public service and we're pointing out on a daily basis the president's mental and physical decline and that decline is speeding up and look at g7 meeting and attending a sky diving demonstration and the president seems to wand r away and italy's leader prompted by the french leader had to bring him back to where he was supposed to be and looked lost and again had that vacant stare. later, he was unhappy with the report their had asked questions about gaza. biden said that was against the rules as if the questions had to be about approved topics. there's no such rule. his objection showed his
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inability to take questions and he can't think on his feet. he can't answer preapproved questions without the answers going for him. who writes those answers. just who is exercising presidential power and going for the campaign money and leaving the g7 early and and los angeles for a fundraiser with his friend george clooney and vice president kamala harris and going for them take ago closer look at kamala harris' presidency looking like because if the president's decline continues to get worse and can't be long before kamala moves into the oval office. trouble s we have no idea what she would bring to the presidency. you know, we'd better find out. third hour of varney starts now.
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stuart: steve hilton with me this morning. i'll repeat the question i've been asking for a long time, does anybody believe that biden can be president for another four years? what do you say, steve? >> no, it's impossible to believe that. his fellow g7 leaders clearly don't believe that. look at the way they treat him like a poor elderly uncle that's wandering around to take care of him and embarrassment and embarrassment to him and it's a humiliation for countries and you're right to start your take saying we're to the piling it on and not about mean personal attacks on biden is a public interest matter and leader of our country is incapable of doing the job and this is why we have a 25th amendment because it's not just that it's obviously can't do the job for another four years and after the election and he can't do it for another four months and he can't do it now. he can't do the job and nobody is like that in public and remember, he's in public and he
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knows he's on display and he knows this is the best you get with biden is imagine what you know in private and supposedly taking the crucial decisions and back to the country and all for the decisions we know about the most of time and it's really, really serious and difficult job. and the person who's in it right now cannot do it. that's an insult for every american and the further point and every democrat for the nearby democrat and biden is in good shape and can do the job better tantrum and they're lying and he and joe biden is forcing all the democrats to lie on his behalf. that's a disgrace as well. >> going under 40% and prime minister and notably has conservative politics and steve, are we see ago rejection and all
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those things and combining fors over the last four years and the pan democrat and i can border and wage competition and pushing the green extreme and i am forcing them overhigher and going to lead to problems for a business and that's a whole set of ideological issues that's actually causing such daily nightmares for working people and they've had enough. in italy, you have one leader who gets that and who is in touch and that's why she's popular and a bunch are a bunch of lame ducks and will of course have their own.
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stuart: governor newsom wen to the border and touted the work he's doing on the migrant surge. roll tape, please. >> just down here with the national guard and meeting with customs and border patrol and talking about partnerships throughout the 90 and going for them last week and going here in the state of california and making more resources and everybody needs more resources and the republican party has been consist and providing the resources and working for it and going for issues related to the border. stuart: a selfie. aviation. aviator glasses and he's threatening the republicans for
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that. where y are the democrats constantly more money and more taxpayer money and here in california, they have tripled the budget in the last ten years or so and everything has gotten worse and no questions of resources and he is responsible for the california stretch of the border and governor abbott acted despite the dysfunction of action as the governor and sometimes all the flows have now shifted to california and california is the epicenter of the open border disaster and yes, it's true that biden and the federal government do nothing serious about it. that doesn't mean the state governor can't act. he can act here in california despite all that and gaslighting we just saw is not doing it and they've got the same ideology here in california and far left
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and about money or republicans and it's just an absolute abdication of responsibility. stuart: one of these days, steve hilton, we'll find out how you feel deep down and not there yet and we're get willing and steve, you're all right. have a great weekend. see you later. stuart: check the markets, please. red ink is still there and not that bad and down 200 on the dow and 19 down for the s&p and 18 down for nasdaq and that marks the rally and how long does that march. >> all highs are technically bullish and all time highs tending to get more all time highs and he has three stocks making 20% making up 20% of the entire index and that's the most concentrated the market has been since at least 1980s and i'm not fighting the tape but i'm
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focusing on the value stocks and biggest small cap stocks and international stocks and dirt cheap compared to the large cap tech in particular and cash ain't trash and yield curve inverted and 5+% and going to wait for the fed inflation and the like. stuart: you know that all of our viewers tune in on a friday morning for jonathan hoenig's exotic investment of the week and i know what you've got here. you've got chump hill downs and home of the kentucky derby and why do you like that? >> seems antiquated in an age of electronic gaming and vegas and churchill downs and you said it's a american monopoly on horse racing and now they also own the racetrack and quietly peeked up and challenging the april high and it's not vegas and vegas casinos are here for the like and it's true middle america and i think that horse racing might be making a
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comeback and addressing a lot of animal welfare and online is propelling into interest in the support and churchill downs is a bio candidate in the middle of all of it. stuart: lauren looking at all the cruise lines. lauren: have they lost pricing power and bank of america said pricing in june from may is modestly softer. these are high flying names they're booked and packed and lost some of that. stuart: stocks are up and down and up and down. how about jp morgan z scaler and the cybersecurity firm trading at discount to the peers and
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well positioned task of 2005 and going to be better than that. caught at crispy to sell and it's a software maker and stocks are under pressure and this name had a good run. which exacerbated the excess and down two and three quarters percent for data dog. stuart: 78th birthday today for donald trump and spending it hosting supporters at club 47 and he'll spend the rest of the weekend on the campaign trail and bring you a full report from florida. a new op ed says lack of leadership from democrats let black voters become swing voters. so what do republicans need to do to win them back over? bob woodson will tell us, he's next. ♪
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stuart: today it donald trump's 78th birthday and he's in west palm beach and how is trump going to spend his birthday weekend? reporter: well, stuart, he got a break in the rain over the last couple of days that we've seen here in south florida. it's going to be a busy weekend for former president trump as after tonight he'll speak around 7:00 p.m. and tomorrow heading to michigan to campaign and the former president turns 78 today and he shares his birthday with flag day and the event is being hosted by club 47 with a group that calls themselves the largest club of trump supporters
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in america. this after trump's capitol hill visit yesterday with house and senate republicans that brought a rare moment of gop unity. and said republicans should not attack one another and promising to "work out any lingering differences within the party". senators even gave him an american flag birthday cake with 45 candles and then 47 47 referg to next presidency. trump was influenced by influencer and professional wrestler logan paul on his podcast with almost 1.3 million views in less than 24 hours, the former president is reach ago younger audience giorgini by cog topics from ufos and rapper kendrick lamar and busy day for trump heading to battleground michigan and court black voters and listening to residents at round table discussions and going for them and go going in
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detroit for the city and president biden won by them and back out here live and doors open for the public at 3:00 p.m. and they're expect ago large crowd and a sold out event tonight and going to speak around 7:00 p.m.. stuart: this is op ed from "the wall street journal" and black voters becoming swing voters and discussing a vacuum and republicans making the case for themselves and founder and president bob woodson joins me and bob joins me now. what should the message be to win over black voters. >> they need to go beyond what the left is doing and dei and all the other race and grievance and it needs to be ended but it's not enough for republicans to talk about what they're against. they need a -- that's defense and you can't win a game playing just defense and you must have
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an offense and going into the communities with something to problem and low income and they are clear of their problems are not racial and you must offer remedies and for the problems of violence of a lack of economic development and these are bread and butter issues and stuart: going for detroit or over this weekend hawaii kind of reception do you expect him to get there? >> he'll get a warm reception because low income blacks are really frustrated, they feel demeaned, marginalized and patized by the -- patronized by the president of his campaign and constantly reminds them their problem is defined by race and light people going for it and going tomorrow and low income blacks with their conditions not changing and so the jowski we must have 3,500
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grassroots leaders in 39 states and going to the most toxic and economic neighborhoods and when you talk to people in barber shops and hairdressers and they don't talk about kamala harris and race or politics and they want to get it in my community and get the resources i need to promote flourishing in these communities and they don't spend any time and it's debate among elites and republicans stop listening to the elites in the community and who through their actions and conservative principles.
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stuart: saying dei failed and getting rid of it. >> the people that suffer most are low income blacks and you should go into a 78-year-old black man some years ago and big demonstration by the plan and coming for thousands of blacks and screaming and trying to get out in the reporter asking this black man on the high crime area and the drug dealers and colors. that's the reality of low income feeling about this issue and republicans need to wake up and stop responding to what these elites are doing and instead
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going in and spending going to harvest politically. stuart: bob woodson, this is a column edit and going for them this morning. hope you have a wonderful weekend and we would like to see you again. stuart: yes, sir. ashley: polls show and like ground among other voters and the president is focused on climate change, student loan forgiveness and abortion rightss and the theory goes that immigration issues are important to the youth population as well because they're much more likely
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to have a close personal connection to someone who is an immigrant like a classmate or friend or coworkers per happens and talk of deportation could bring out the young vote and just a theory and biden campaign believes the talk about immigration will highlight donald trump's immigrants and comments that they believe young voters could find objectionable. stuart: trying to walk that back and details coming up and administration of the lawsuit and regulations on household appliances and how do we get them to stop messing with our kitchens and we'll cover it next. ♪
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his #2s are perfect! he's a brand new dog, all in less than a year. when people switch their dog's food from kibble to the farmer's dog, they often say that it feels like magic. but there's no magic involved. (dog bark) it's simply fresh meat and vegetables, with all the nutrients dogs need— instead of dried pellets. just food made for the health of dogs. delivered in packs portioned for your dog. it's amazing what real food can do. (bell ringing) someone needs to customize and save hundreds with liberty mutual! (inaudible sounds) (elevator doors opening) wait, there's an elevator? only pay for what you need. ♪ liberty, liberty, liberty, ♪ ♪ liberty. ♪ stuart: dow off 130 and much smaller losses for s and p and nasdaq. lauren, take a look at meta because i believe it's moving.
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lauren: this is a big story. stuart: down a buck. lauren: the company paused meta ai in europe. ireland had a problem with its data collection using your personal information like the pictures in the public comments and on the pages and going to train the ai models and i mean, you need the adults consent. meta call this is a step back ward for innovation and look, they need to sort it all out and it's a step backwards and going to be used to train a large language model. stuart: what got me is innovation and trump's campaign
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is responding to this and former president fierce defender of the second amendment and high court has spoken. biden's campaign is also responding. they say trump's supreme court justices have decided the gun lobby for the safety of our children and stuart: the supreme court reverse that had ban and made them league. lauren: it was trump's supreme court and what happened with the justices and what happened on and off the court. stuart: it was trump that banned bump stocks. >> you're right. and crack down on household appliances and kelly saberi is behind this. what grounds is he suing? >> it's arguing the department
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of energy went beyond the scope of the power and federal appeals court issued a ruling this past january that the department of energy can only regulate water use and nonenergy using appliances and take shower heads, faucets and toilets for example and this came after a lawsuit issued by 11 different states. while the doe can regulate energy use for additional dishwasher and washing machines and take a look at them and fluctuating for that trump administration and created a special distinction and class for faster dishwashers in october of 2020. this allowed the short cycle models that work in under an hour to go unregulated and two monarchies after that, doe added another new class for washing machines and shorter incentive and shorter times and no conservation standards and in january of 2022, biden
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administration repealed those rules and federal appeals court said this is changing the efficiency of the appliances and the competitive enterprise institute with the recent moves by the doe limiting the use of water are not legal and going for that saving consumers $36 billion over 30 years and that seems to be up for debate and the new rules are working their way through the legal system. stuart. stuart: there's certainly room for debate on that one. guarantee. kelly, thanks indeed. i want more on this. i want to bring in the cei general council dan greenburg. you're part of this group suing the administration.
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can you just stop their crackdown on our appliances? >> i think so. the fifth circuit court of appeals said it's obvious that the law does not allow the biden administration to put these water restrictions on clothes washers and dishwashers. stuart: they're putting them in because of the climate policy? >> that's at the heart of it and the problem is the biden administration is doing very bad math. because according to administrations on estimates and one of the rules was adopted because it's going to save consumers who own dishwashers $1.12 every year and what that
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math doesn't take into effect the problem of having to run a cycle not just one hour as was the average time years ago but cycles that last two and a half hours on average or even three hours and that causes expenses in electricity bills that dwarf the kind of $1.12 yearly savings to consumers that this administration used in&is so proud of. stuart: sounds like you should win. are you confident you'll with in? >> i'm reasonably confident and never can tell for sure and going for the fifth cut rates in cut court of appeals and these rules are unlawful and i expect a fifth circuit district court to pay great attention to the appeals court. stuart: we wish you the best of luck. i like my dishwasher the way it is. see you again real soon. >> thank you for having me. stuart: sure thing. now something totally different and postage stamp from the 1860s and going to sell for millions.
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a collector's club and what's valuable about this stamp? >> yeah, what's valuable is there's one over in the entire country and going for the public library going on sale any time soon and i want you to take a look at one cent stamp right now and this is going to be on auction tonight going for $4-$5 million and it was issued in 1868 and got ben franklin as you can see and it's going to go for a lot more to be tonight and charles shreve and going for that and why the stamp sell asking unusual. >> has everything to do with that and it's an experimental tesla and meta and going to stop people from reusing tesla and metas and cleaning the cancels and came up with invention of grill orem bossing or waffle embossing on the back and
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handful was known and not known till 1920s and to date only two found and only one in private hands. >> it's a complete and charles like a complete set of all the stamps issued in the u.s. and you've got to have stamps tonight and tell us how many people want to complete set and most importantly tell us about bill gross who owns this and is selling it tonight. >> every collector's dream is trying to get completion and we obtained that for 2005 and more. >> they're wraps up and bill gross' adviser going to dial the speed dial with the hall of fame
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and warren buffett and how about that. >> back to you and back to you. stuart: goldy han is ripping los angeles for having her house burglarized twice and fast food restaurants see ago noticeable drop many foot traffic and one mcdonalds franchise owner how his stores are doing. that's next. ♪
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stuart: actress goldy hahn revealed her home in los angeles was burglarized twice within a four month period. ashley, tell us what happened. ashley: yeah, hahn told kelly rip wow. that la is terrible when it comes to crime and the actress says her malibu home was rob when had someone got into her bedroom through an upstairs balcony and ransacking and stealing her property and four months later she was home when she heard a noise up stairs and later learned someone was trying to break in again. handout said she and kurt russell had enough and moved two and a half hours inland to palm desert saying they can now relax because it's so much safer. however, i would not have said where i was moving to but she did. stuart: she did and she's moving out of los angeles. she's out.
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california's $20 minimum wage went specific on april 27 and the less foot traffic and the mcdonalds franchise owner returning to talk with us now. jot strip on my families and going for this very real and quite clear and not quite the overnight 25% increase in wage going for paper and insurance and third party service providers and literally the ugly hint of inflation is impacting both sides of my front counter. >> i'm in the people business and that happens to sell
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hamburgers and i'm going to do everything i can to grow my business and going to receive that. stuart: has your profitability been shrinking? >> i think that's a complicated question and it's a little bit too soon to determine what the impact of margins have been based on the $20 wage and it's a lot of intricacy happening in space and restaurant business in the country and people dining out less and spending less when they dine out and all the impact of inflation and we're closely monitoring margins of that and they're tight and pre-$20 wage and going to have the path of not to reduce path and going for my organization and it's to grow market share and building the type line. that's allowing me to provide a livelihood for my family and the hundreds of employees.
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stuart: the $5 value meal and my question is is that sustainable and the franchisee. the franchisees and this particular one is interested in driving my market share. for 45, 50 years that my family has been in the mcdonalds business, we've worked very hard to find the best approach to presenting value and it's at the core of the what the brand had stood for and you'll see a lot more stuart: keep it going over the longer term. thanks for coming backtous. have a great weekend. yes, sir. stuart: california lawmakers want to allow restaurants
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changerring extra fees like what? l service charges, gratuity and kitchen charges and you name it. using credit card and this is updating an approved long going into effect and junk fees and that's banning extra fees for service charges if they're not disclosed up front and lawmakers saying wait a minute this. is california. we need our restaurants but restaurants need to stay in business. and colonoscopy rudabeh shahbazi high and if they can't charge the extra fees, how do they stay alive and they want an amendment to that approved law to say you can charge more and it's transparent and disclosed. stuart: that's something of the reversal.
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lauren: his mom regrets getting him a phone and going for that flip phone hoping to trade sticks of smart phone for a flip phone and a lot of parents are doing this and a lot of kids want this and see the distraction of the smart phone. stuart: you know kids that want a flip phone and not a smart phone? lauren: they're all the rage and we keep theming them social media use and looking down on your phone and not making eye contact and living in the present. state queens tarts on the smart phone and putting this device into kids hands and going for basic skills and it's hard to text on the flip phone. stuart: it's another reversal and reversing the trend. dow back to 38,482. don't go anywhere, folks.
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♪ stuart: christine with her dad on the screen and next is robert's dad and father-in-law. there they are. kate and her father. there you go. all right. jen with her dad. chris and his family and juliana with her dad and caitlyn and her family. preston with his father. payton and her dad. have i got it right. here we go. john with his family, here's brendan and his dad. and we also have a picture of ashley with his parents. lauren: happy father's day, ashley and stuart, to you. stuart: thank you very much indeed.
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i was a young man right there. you're good, son, looking good. friday feed back, ashley and lauren, here we government first one from greg, what's your favorite thing to cook? what are your plans for father's day? i used to make a really good shepard's pie and haven't done it in years and i'll move on. lauren: hands down eggplant parmesan and not tooking for father's day and don't know men that love eggplant parmesan. stuart: i love it. ashley what do you have? ashley: i do not. if i had my donald trumpers and don't do it enough, roast beef, york chiropodying and graaf i have and peas and the whole sunday extravaganza. stuart: we're so english, aren't we? that's the truth. we really are. this coming to us from jerry. this is for you. i was interested in lauren's sky diving experience. was it a solo or tandem jump? lauren: unfortunately it was tandem. both times. first south africa and up state new york. stuart: don't have any pictures,
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do we? lauren: actually no. i paid for a video tape of it when i was in south africa and oops, the video tape wasn't working and never got my copy or my money back. stuart: no money back? outrageous. this is from jack, ashley seems always to have a quick joke ready and what's your favorite cheesy joke? this is for you, ash. you're on the spot. ashley: i wouldn't say cheesy and inside four cutting and always car stays ick and i don'o me at the time and never pre-think and never a good audience lauren and stuart varney so sometime it is just occurs to me and you know, clearing it up. stuart: got one he's thinking and haven't got one. we've got to put you on the spot. that's a fact. this is from sienna and what book or movie left a lasting impression. a book by george orwell, a
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classic take down of commodity i did. going in the exact opposite direction. lauren: going with pretty woman and the best movie of all times and probably said every female everywhere. stuart: ashley. ashley: talking the other day to my wife and don't particularly like it and huge with clock work orange and first house society and can fall apart and the disturbance to this day. stuart: i liked what about bob. that's lightning it up on a friday. stuart: time for the friday trivia question and that's the next thing and average life span and up to how many days and
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average life span of eyelash? we'll return after this. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪
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i was only 23 when i was first diagnosed with non-melanoma skin cancer. 40 years later, i've had almost 20 mohs surgeries. i had just accepted that the pain and the scars were going to be part of my life. but when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. if you, like millions of others, are affected by skin cancer... it's important to know that surgery isn't the only option. there's another choice. gentlecure. it sounded like everything i had been looking for. gentlecure uses low energy x-rays to kill skin cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring
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and no downtime. i'm so glad i did it. it was successful in every way. to learn more, call today or go to gentlecure.com as an independent financial advisor, i stand by these promises. as a fiduciary, i promise to be the financial steward that you and your family need. i promise to put your long-term financial well-being above any short term transaction. everyone has a big picture. my job is to help you invest in yours. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com difficult questions about lifetime what is the average lifespan of an eyelash, after
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how many days, 7500, 125, 150, ashley do you have any clue. >> not wine i didn't know there was an average lifespan i thought they would stay in there until they got pulled out by accident and get a number two, 100. stuart: were talking real eyelashes, what you got. >> i feel like i lose eyelashes delay, i may go with one, 75 days. i'm to go the brilliance of the human body, 150 days, thank you very much ladies and gentlemen. your eyelashes can last five months before eventually falling out and quickly replacing themselves. i got that right. a great week, thank you very much, lauren, ashley, great day. i'm in a dead "coast to coast" five, three, close to two, one, "coast to coast" starts now ♪

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