tv Varney Company FOX Business June 26, 2024 11:00am-12:00pm EDT
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somewhere if trump wins georgia and pennsylvania, it's over. and there's 12 combinations of those six states that help him win by president biden and >> factoring in the got aways. >> those are the first people that were telling us there's no inflation and saying inflation is transitory. well, by the supply chain, now they write garbage like at its consumer's fault for spending too much. stuart: what are they playing? every dog has its day by tebrese
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toby keith. let's get on with it. down 150 now down a mere 50. not that much price movement at this stage. how about big tech. where are they now? all of them and expect alphabet on the upside and amazon getting $4 and apple 213 and meta 513 is and microsoft 453 thank you very much and alphabet down a mere 8 crepts. we better -- eight-cents and treasury and yield is going up and only the market doesn't like that . up 431 on the 10-year right now. now this. nice planned by biden. they know the migrants are a huge problem and so miraculously and numbers on border crossings appear. which are favorable to appear
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and mayorkas going to the border to announce since biden's executive orders went into effect and border apprehensions are down 40% and how convenient. that will likely be the first thing out of the president's mouth and presidential debate. crossings at the border may be down but what about migration using the app? migrants can check in overseas and fly from their home countries straight to america. that is not an actual walk across the border and it's a flyover. not included in the favorable numbers. and there's been a spike in the number of criminal migrants entering the country. 13,000+ in fiscal year 2024 so far. there were 4200 in all of 2019. that's all on biden. it's gotten to voters because there's been a crime spree including rape, murder and
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assault, alleged by by illegal migrants and grieving relatives and outraged citizens splashed all over local tv news for weeks. so, come the faceoff tomorrow, biden may think he can blunt trump's attacks on the migrant issue but migrant crime is a real story. the rape and murder of young women outrages voters and the president simply cannot get around that. third hour of varney starts now. stuart: the mother and grandfather of jocelyn joined sean hannity. she's the 13-year-old girl allegedly murdered by two migrants in texas. watch this. >> she was going to make it. she was going to do things, and these men, these illegal men
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took that opportunity from my daughter, from our family of watching her become this amazing person. this has got to stop. we have to stop burying our kids. >> you don't wake up and decide to commit this horrific crime. we need a safer country. stuart: martha mccal lum joining us here in -- martha mccal lum m joining us here in new york city. migrant crime will be a big issue in the debate tomorrow night. >> i think it will and brought up by president trump time and time again and talked about that fraise, migrant crime and we now have this list of young women. you have laken riley, jocelyn nungary and the 13-year-old girl in queens that lost her life. the mother of five. i would imagine that is the way the former president brings this
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back because i'm sure you're right that the opening savo from president biden is that these numbers are down 40% and the obvious retort to that is where have you been for the past three and a half years to which he'll say republicans blocked me in congress. go back and remember what mayorkas said department of homeland security is making a big splash in tucson to announce these numbers. he proudly said on day one, we reversed so many trump border policies that i can't even name them all for you here. and i would just add this. why not implement these things and that's just a logical approach to things taking over something new and what's working and not throw it out with the bath water and that is not what we've seen. it's going to be interesting. stuart: very true. next one, martha. this is the an attack on supreme court and former house on nancy pelosi and going for the supreme
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court and it's unfortunate. stuart: martha, is there a con is thed effort to delegitimize by democrats the supreme court. >> absolutely hundreds of millions in private money going to keep this abortion issue front and center and this is the way that you see it manifested and it's interesting to me and this same court that we're talking about upheld mifepristone, which is the pill used in more than 60% of abortions in the country. the other number i've been digging into and what i found so far is the number of abortions has not dropped since dobbs. so the people need to pay attention to what the actual
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numbers are and i thought it was very telling and kamala harris went after -- excuse me, pelosi said if they have a point of view about abortion, they -- that's fine. they're right, but they can't advocate for a point of view, the justices. but that's not what happened. stuart: that's not what happened. >> they decided a long held debate there was nothing in the constitution that protected abortion made sure this was going to go back to the states and we've seen how that played out in a number of states: ohio, kansas abortion right haves been upheld by the people who are closest to that decision. that is what the supreme court wanted to have the environment be. stuart: the court's doing the right thing. it is judging issues by the constitution. how they stack up against the institution. they're doing the right thing. that's just my opinion. martha, we'll be guaranteed to watch you every day 3:00 p.m. eastern on the fox news channel. it's on fox news. that's how you say it. >> fox news every day. at 3:0 this afternoon and see
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you then and lots of debate coverage tomorrow and tomorrow night of course. stuart: going to be a big deal. martha, thank you very much indeed. >> thanks, stuart. stuart: janet yellen asked if she noticed the raise in cost of basic necessities at the grocery store. here's her response. >> have you been to the grocery store lately? >> i have. i go every week. >> it's sticker shock, isn't it? >> i think largely reflects cost increases including labor cost increases that firms, grocery firms have experienced all though there may be some increases in margins. stuart: that's a little weak i would say. charles payne with me now. no sticker shock at the grocery store for janet yellen. she's got a net worth of $20 million. >> yeah, there's a lot of things to unpack here. first and foremost, kroger, the largest pure shopping supermarket in the country saw the operating margins going from 3.4 to 2.9%. no one would think 2.9% was
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gouging and the story and the thing is the administration is setting up the media and between now and the election and slower rate of increase, they'll come down a bit. the real story is that the american consumer is tapped out. we're tapped out. they're done. they don't have any money. how do i know? this morning general mills reported their results. general mills, 1,000 cereal products and everyone's staple. they actually lowered their prices on a retail sell by one point and pet food by one point and volume on retail down six points and volume on pet food down seven points and lower prices saw a magnificent draw down on actual sales. we are tapped out as a nation. listen, mcdonalds, $5 value meal. target, 3,000 items on sale. these are all these companies, look at their stocks, look at chart. they're tapped out right now and that's the real story. the accumulation of higher
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prices, that doesn't go away. you go from 10-100 and 100 to 97, administration tries to make 100-97 the story. that's not the tourist. story. it's 10-100 and that's the story. stuart: it's the little guy. >> exactly. stuart: i just want to get your comment on fedex. you see them as well weather for the whistled, they're going straight up today and cutting cost and all the rest. >> there's a couple of stories. fedex is seen as bell weather but two transportation names reported today, southwest airlines and the airlines are proof that the american consumer has a lot of money and i've been watching retail numbers on spending and things like iraq and southwest airlines, there's a key metric the airline industry uses revenue for available seat miles. prior guidance up 1.5 to 3.5%. new guidance is down 4-4.5% and
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southwest airlines getting crushed today. someone says yeah, that's okay. fedex is doing well. they're intriguing and more of a competition story. fedex is going to rule because ups rushed into that deal with unions and fedex did not. fedex will rule. it'll be able to change their business model, adapt and add ai watch the two stocks on different directions. stuart: i'll be watching you at 2:00 this afternoon. i learn a lot from you. the consumer is tapped out, flat out done. >> thank you. stuart: the stocks are moving significantly today. that would include tesla, it's up 2.5%, 191. lauren: yeah, stifel initiated a buy at $265 and revamped model 3 and up coming revamp of model y and cheaper model 2 is coming
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out. they're hopeful for that. stuart: 265. okay. robin hood. lauren: going up 30% to $29 a share. this has nothing to do with meme stocks, nothing to do with cryptocurrency. they like their earnings and the fact they're growing the market and market share. stuart: general mills just a -- lauren: no lucky charms and maker of cheerios and cut annual profit forecast and stock is getting cut to tune of 4.5% and saw big declines in sales for snack bars including pet food. usually you don't cheap out on your dog or your cat. stuart: as charles said, the consumer is tapped out. >> tapped out. more and more everyday of that event title day. stuart: thanks, lauren. coming up, new york primary voters gave jamal bowman the boot and lost to george la tech merri bowl. is is there a sign there's a split in the democrat party? i think there is.
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jon levine will tell us. border smugglers using social media for human trafficking operations and now they're using it to brag about how much money they're making. we have that story. trump and biden are getting ready to face off tomorrow night. we've got a live report from atlanta on what the top issues will be for the cnn presidential debate and that is next. ♪ [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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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. stuart: grady trimble is in atlanta before the presidential debate. what is the top issue for this
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debate? reporter: stu, it's the economy for a lot of voters we talk to and to that end, the trump and biden campaigns are here in atlanta before the candidates and she happens they've been meeting with small business owners and trying to position their candidate as the best for handling economic issues. the former president himself has been on the campaign trail a lot lately talking about issues like cutting taxes and regulation, and that is certainly something his campaign will hit on today, but here's the former president at his rally over the weekend. >> we'll cut taxes for working families as part of our tax cuts i've announced, and there will be no taxes on tips. no taxes on tips. reporter: president biden claims his legislative wins like
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bipartisan inflation reduction act are creating jobs and senator of georgia campaigning for biden said all the spending is spurring private investment. >> electric vehicle production, advanced energy research, development and manufacturing, semiconductor manufacturing, coming here to georgia. reporter: still, as president biden is democrats point to his economic record, more than two-thirds of voters say the economy is in only fair or poor shape right now so even though, stu, this is an extremely tight race according to to all polls, the laelest polling shows that former president trump has a clear advantage coming to a lot of voter's number within issue, which is the economy. stuart: got it. grady trimble, thank you. new polling shows president biden leading in georgia, the lead is 43-38 at this point.
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guy benson joining us this morning. guy, trump's lead is narrowing. why do you think that is? >> i wouldn't read too much too the narrowing and the poll you flashed on the screen is a five point lead for the former president and look at real clear politics average in a five way race, that's basically bang on and the two way race, trump on average is up four points in georgia. you'll hear some poll numbers here and there and statistical noise, but trump up mid single digits is roughly where thing haves been in georgia. he'll bounce to 8 in some polls maybe 2 or 3 or 4 up in other polls and 5 seems like mostly study as she goes and i wouldn't be overly concerned about that if it's the trump campaign looking at it from their perspective. if he starts drifting lower into the low single digits or polls showing the thing tide, that's a different storm -- tied. that's a different story.
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stuart: president trump could announce his pick for vice president. listen to what jd vance said about him potentially becoming the vp. >> i they reach out to a lot of people saying, hey, here's some information and my best guess is they're looking at me and a lot of other people too, and they'll ask me if they ask me. if they don't, that's fine. people in politics, they don't give the american people enough credit. if you speak from the heart, you don't do the talking points and talk about substance, then people respond to it. stuart: guy, i think the point here is that trump's vice presidential pick is crucial this election. both leading candidates are older and would only serve one term. so do they have to sell voters on their successor? the vp pick is of paramount importance to trump. >> trump said a few months ago it doesn't matter and i respectfully disagree. you eluded to it and biden is 81 and trump is 78 and voters will be thinking, stu, about, okay,
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if something were to happen, who would be next. that is going to loom larger than i think it typically would. with trump, this is the one piece of the equation that's an x factor. we know almost certainly who the democratic ticket will consist of, we know trump will be at the top of the republican ticket. if you look back to 2020 because this is a rerun election, rematch, only piece of the puzzle is incomplete and in fact trump's running mate. that intrigue matters and voters teeters and voting for trump and aren't quite sold and a good number of those and they need to feel comfortable and reassured with whomever he picks just in terms of stability standpoint and also a can this person do the job? am i comfortable with that? i think you're right. it's an important pick. stuart: this vice presidential pick, that person will be the president if trump wins. case closed. that's what it is. guy benson, thanks for joining us. see you soon. >> good to see you.
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stuart: now this, fox's will cain got to sit down with actor kevin costner and wide ranging interview including hallmarks of a great leader are. what did he say? lauren: costner told will he yearns for a leader that's a big thinker. watch here. >> leadership is we're in desperate need of that. we're not in need of extension of careers. leadership, you know, definition of a great leader probably won't be elected because he's done the right things to make enough people uncomfortable. think about lincoln for some reason, you know, fio could have dinner with a few people, he might be one of them and be to say no, you had a great presidency. we think of him as one of our greatest presidents, and that kind of leader who just feels, you know, i yearn for that kind of big thinking. lauren: he sounds sour on politics. he sounds like a double hater,
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especially with reference to that first part. we don't need a leader that wants to extend their career. kevin costner has been all over the place coming to politics and supports both sides throughout his career. mideast not endorsing anyone now that i know of. seems like he wants another option. stuart: yeah, a lot of people do. lauren: yeah. stuart: thanks, lauren. coming up, three harvard dropouts are looking to take on nvidia's ai chips. they've raised a ton of money to do it. we have that story. it's hot topic on the hill right now: should women be drafted for the military. texas congressman chip roy is fired up about it and i'm sure i know which way he's going. here here to sound off, he's next. ♪ we've always been competitive.
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get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo stuart: not that much movement on the market this morning. look at this. the dow is down 3 and will nasdaq up 23. lauren is with us and looking at a cane called -- lauren: they're down 10% and auto tech parts supplier and piper sandler said they can get hurt by the joint venture between rivian, ev truck maker, and volkswagen. they got them to sell. joint venture shows auto maker, volkswagen, thinks they have to
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configure their own electrical architecture and design own on board computers and code to stay competitive and if they link up with outside company like aptiv, that's expensive and slows down the process. the beyond meat partnership with mcdonalds to sell the plant based burger, well, company's u.s. president said that failed in places like san francisco. stuart: griff jenkins has the story about what changes and what to expect and how female athletes are responding. good morning, griff. >> good morning. they're not happy.
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title #, part of educational amendments of the amendment and proticketing -- these new regulations would extend those protections to include gender identity without addressing transgender athletes. ten states have filed for preliminary injunctions and multiple lawsuits and more than 25 state attorneys general are challenging it. tennis legend and other prom nprominent female athletes havea bus tour called our women, our sports. >> women sports must stay sex based, female, sex based spaces for women and means you can't put people in position of power that make the rules so they can do better. reporter: she's a lesbian and self-described democrat said she's being called everything
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from a homofobe to fascist and the bus was vandalized and part of the tour, riley gains, ncaa swimmer and outkick contributor. >> seems as if we're asking the for the bare minimum here and equal opportunity, privacy in areas of undressing, safety in our sports, bare minimum but we have administration in the white house right now who is actively undermining this. >> the fight is on, stu. education department tells fox digital the regulations will be implemented in august if it survives legal challenges and they had the rule making process is ongoing related to athletics. stu. stuart: thank you very much indeed. now this, lawmakers on capitol hill proposed a bill that would require to register for the draft. chip, let's go straight at it, should women have to sign up for the draft? >> great to be on, stuart.
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of course not. i'm the father of a 35-year-old daughter and under no circumstance do i believe she should register for the service. it's not good for the country or the women. we came out of the signal and talking about the absurdity of what's going on with title 9. they're literally undermining everything that was fought for to make sure female sports, male sports and all in this guise of transgender nonbinary individuals competing and it's totally up ended those differences. meanwhile you have the deputy secretary of defense, the deputy secretary of defense as a key national security issue, make sure we're taking care of nonbinary individuals in department of defense, this is woke social engineering and this is draft nonsense should not be supported and there's republicans in the senate arms services committee and vote it had out and voted for the amendment and the national defense authorization act and drafting your dollars included in that bill sent to the senate
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floor. thankfully house conservatives would have prevent that had and house national defense authorization act is a good bill and does not add your daughters to the draft. under no circumstances should we do that and hope the senate will kill it. if they don't, they need to stand strong and say no to drafting our daughters. stuart: we admire clean cut opinions and thank you very much. there's been a spike until the number of criminal migrants entering the country and 13,000 in fiscal year 2024 and 4200 in all of fiscal year 2019. what can you do to address this problem in the immediate future without waiting for the election? what can you do now? >> this is a question i'm talking about and your point is the main one. today i'll say we put on the floor of the house a dhs appropriations bill that would require the elements of hr2 be
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included if funding will be transmitted to department of homeland security and going to found the country and power of the purse is the weapon and tyrannical government. a tyrannical executive branch, that's allowed people to get killed; right. we had this woman, rachel morand in maryland brutally ra raped ad murder and not the first in her county. kayla hamilton brutally raped and murdered. another one found dead in a bathroom. little girl raped in new york and a 12-year-old in iowa raped and we're allowing these criminals dumbed into our communities and i'm not afraid of having that fight in september. i suspect i will not be in the majority here, stuart. i believe we should use the power of the purse and fight. i believe the american people will respond to that in november. we've got to put it out there. stuart: one more quick one, i presume the first thing that president biden says about immigration and the debate of
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the cnn presidential debate tomorrow night and first thing we said is there's a 40% reduction in cross border apprehensions since my executive orders went into effect. he's going to use that statistic and what's your response? he's the people and laken riley is dead because of joe biden's policy releasing people under parole and he's lying when he says that. we should absolutely hammer them on that and we're sick and tired including hispanic americans who they want the rule of law and communities safe and they're tired of having their little children getting killed by fentanyl or raped and abused and sold into the sex trafficking trade and rich white liberals and democrats and progressive democrats want to pat themselves on the back in the name of open boarders. i'm tired of it and we should do something about it.
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stuart: fired up chip roy is welcome on the program. sir, kongman, thank you for -- congressman, thank you for joining us. >> yes, sir. stuart: border smugglers using social media for human trafficking operations and all these days huh? lauren: they're flaunting their crime outright on social media about what they're doing and they're using social media and travel agents to facilitate their business and their ordinary personses and hire the smuggler on social media. they recruit the migrants that are their customers on social media and this is happening in plain sight and you ask, what are the social media tech companies doing about this? tiktok, snap, meta, they all say they have policies in place and languages on a lot of channels. stuart: they're advertising. lauren: advertising and bragging. stuart: exactly what they're doing. thanks, lauren. new report reveals some of the intelligence officials that try to discredit hunter biden laptop
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story has active contracts for cia and it's the system that's probably going to be heavily politicized and that's jon levine's story and he's on the show a little later. could the new hit song of the year soon be written by artificial intelligence? we've already seen some artists experiment. now washington is taking notice. the full story after this. ♪
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big topic today? >> it's expected to be. they'll be discussing this bill called american music fairness act and part is likely to touch on how artists are compensated in an ai world. there's a bit of curiosity about ai music and take randy travis for example. he suffered a stroke over a decade ago and impaired his ability to create music. last month he releases a new song using ai to recreate the vocal and it charted and he consented to creating that song and there's a gray area right now regarding music that leverages an artist's work without consent. it's raise ago lot of questions about talented discovery for example and why would you care about a new artist when ai can create a song that's tailored to me using lady gather dbrox's vocals -- lady gaga's vocals and style. senator marsha blackburn is one of the sponsors of the bill and shared this with fox business, we must ensure song writers are
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properly compensated and using ai models with artist work and permission and rip off and profit from the talented song writers and musicians, that's called theft. that tension is playing out. for example there's two ai music startups being sued by some of the biggest music labels like universal and sony and write songs from text prompts and sound similar to the most popular music out there and don't pay anyone for it. there's people that are getting ahead of this. youtube and more to license those songs for their ai tools and regardless. stuart: kelly, thank you. some companies started using ai workplace assistance and getting positive reviews. lauren: calling first date with co-pilot or assistant it is appointing. the chief investment officer of
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juniper told wall street journal they can't do that much. asking them the basic question like what's revenue, they'll give you old data because they don't have new data and executive team and don't go to the right place for the information. charging 30 a month per worker. stuart: new high 452 at this moment. there you go. next one for you, lauren. lauren: the name of startup is etched and chip is a transformer specialized ai chip. they call it sohu and used to train large label models underpinning ai. not only did they drop out of harvard but they raised $120 million. that's a lot of money for a young chip company that's not
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only making a big bet against a big company, nvidia. when you look at chip investment, that's a long cycle because it take as long time to develop the chip and bring to market. that's a huge bet that nvidia can have their type of rival. stuart: got that feel like that's happening. a look at dow 30 stuart: dow is down a mere 24 points. squad member ja jamaal bowman lt primary battle and it's a split in the democrat party and it'll hurt him. jon levine, that's his story and he's got it for us after this. ♪
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zionists, we're good. stuart: that man turned himself into the nypd and being charged with manager called coercion. now this, squad member jamaal bowman defeated by george latimer in the new york democrat primary. jon levine joins me now. jon, this is a major blow to progressives but democrats a fundamental shift or divide in the democrat party between jewish people and pro hamas people. >> well, i just think that anti-semitism is not a political winner and running around spewing how much you hate jews and appearing on campaign withs people that openly celebrate jewish people in israel wasn't a winner and we saw it in the race. i'll go further, i think the race was about a lot more than just israel. i don't think the democrat primary a big thing in this race was the fact that jamaal bowman voted against president biden's infrastructure bill. apac didn't make him do that. jamaal bowman pulled the fire
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alarm and pleaded to a misdemeanor and was centured. apac didn't make him do that. he did a lot of other wacky things and he got into this race and smelled blood in the water. stuart: part of bowman's constituency is in the bronx and those voters in the bronx tend to be minorities and they all voted for bowman, 85% voted for bowman. aoc was also up for election yesterday and had a primary. her area is primarily minority and won hands down. i conclude from this that people of color back anti-semites like bowman. >> bowman was in a tougher district than aoc and it was heavily jewish and it's quite obscene for someone like jamaal bowman to be representing one of the most jewish districts in the country and jesse helms representing the bronx? it would kind of be like that. it was bad for the district and
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reason ap ac didn't spend a lot of money in aoc's district and she's a better politician and doesn't make the kind of stupid mistakes and has a better hold on her people. stuart: another one for you. new york post report that had some of the intelligence people that said the hunter biden laptop story was just russian disinformation. some of those people, intel people, they had contracts with the cia. that tells me the intelligence community was politicized. >> yes, what's the expression, i'm so tired of being right? we've known about this forever and the people that signed the letter, 51 former intelligence individuals and not all former. it's russian news from russia and said his son never took any money from china and said he was never involved in his son's overseas business dealings and it's all a bunch of bologna and
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i hope and pray tomorrow on cnn they ask him about that. cnn is in the tank for biden, we know that, but it would be malpractice if they don't bring it up. stuart: trump will. >> i'm sure. stuart: thank you, jon levine. hunter biden filed a new motion for a new trial on the gun charges. on what grounds? lauren: technicality and legal team said it moved forward prematurely and entitled to a new title because the federal court didn't give the trial court grounds for appeals. stuart: now time for the wednesday trivia, which state has the highest dog ownership rate? arkansas, idaho, wisconsin, or montana? if you lived in new jersey where i am, you'd know new jersey has the highest dog ownership right now. it's not the right answer. real correct answer when we return. ♪
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ownership rate? wyoming or montana? all four of those states are fairly rural. one would expect rural people to have dogs so which has the most? lauren: farm dogs. idaho, idaho, idaho, maybe montana, let's go with idaho. stuart: i am going to go with wyoming. i don't know why. the answer is, scroll up, idaho. 58% of residents own a pet dog, washington dc has the fewest number of dogs, 22% of residents own one. i wish i could find out. in hoboken, new jersey, the canine capital of the planet. on sunday morning, on
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washington street, all these youngsters have dogs and babies parading up and down washington streets. the canine capital. lauren: the restaurant outside the waterholes for the dogs. i don't have a pet. the dog bowl. what do you call them? they are called dog bowls. sorry. stuart: you ever have a dog? >> i get that question daily. we when your children are begging you. >> i have to do the work. they promise they will walk the dog and feed the dog, and that last 3 days. stuart: we should do something about this on friday feedback. how many parents are being begged by their children to have a dog and refuse? lauren: every parent caves. i have not yet. stuart: almost out of time. three seconds. coast-to-coast starts now.
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