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tv   Varney Company  FOX Business  July 23, 2024 10:00am-11:00am EDT

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stuart: this is the song that kamala harris came out to, freedom by beyoncé who gave her permission to use the song. 10:00 eastern, straight to the
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money, dow down 30 manas backup 48. the 10 year treasury yielding 4.4%. oil is coming down a bit. bitcoin holding firm at 66. important news for realtors, the latest read on existing home sales. >> 3.89 million homes sold on a seasonally adjusted annual basis. down four months nro. i'm working on getting the price. stuart: we want to see if it has gone higher prices, fewer sales. not a great place to be in the realtor business. 3.89 million. selling 5 or 6 million on an
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annualized basis. lauren: not close to going back to normal those stocks are improving and construction on the market is not happening. stuart: tough housing market. now this. the democrats are euphoric. for a week they've been down in the dumps. the assassination cast donald trump and the role of fighting patriot, rumblings about the president's mcmillan physical abilities were growing until on sunday afternoon he quit the race, that left biden's reelection campaign leaderless. democrats were in complete disarray. then miraculously, the democrats settled on a single replacement candidate, kamala harris. the money was flooding in. all doubts were suppressed. no challenges. this coronation, the installation of kamala harris is an old-fashioned backroom deal to put a san francisco
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liberal in the white house. may not go down with investors. democrats didn't get an open discussion to find the best candidate. harris has been coordinated without a contest. they may not all agree with harris's radical ideas, there are some centrists in the party, do they want to go forward with a green new deal huge tax increases electric vehicle mandates and massive unsustainable debt. they want that? in her first public speech since biden stepped aside, she attacked donald trump in a personal way. is that the way to go? as a prosecutor in california she said she'd gone after, quote, predators who had accused women, fraudsters who ripped off consumers and cheaters who broke the rules for their own game. she says she knows trump's type. it sounded like a sneer. basing her candidacy on trump hatred is politically dangerous. better be standing on the high ground of a successful trump record, trump does, kamala harris does not.
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second hour of varney just warming up actually. former governor of arkansas mike huckabee joins us. i democrats making a huge mistake by coordinating harris without a competitive contest? >> your profundity is alarming. make the statement, honeymoons don't last. for some couples honeymoons never happen. i'm not sure she's going to have much of one. i think kamala harris is approaching this in this is what she's going to say, unburdened by what has been because maybe that's going to be her theme of the campaign. she's going to have a bump. a lot of people are relieved joe is not going to be the
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candidate because they realize his car had run out of gas or in this case run out of electricity. that wasn't going to happen. almost like a bj, anybody but joe. she was in the position to take it. it would have been difficult if not impossible to take her off the ticket because to do that would have violated their approach but we have to have a female, a minority, she checks the boxes but ultimately what you said is her biggest challenge. the policies of the biden/harris administration. i am hoping the trump campaign is focusing not on the person or the personalities but on policies. stuart: change the subject to an important subject. the secret service director dodged questions yesterday. watch this. >> you are being completely dishonest.
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this is not theater. it's not about jockeying. the court will be finalized in 60 is let alone prior to any actionable decisions that would be made is simply not acceptable. stuart: it has been ten days since the shooting, no press conference, no answers to the committee yesterday. my question is why won't buyer cheadle? >> we are being too hard on kim cheadle, she has done something no one else has been able to do, she brought unity, she brought democrats and republicans together. marjorie taylor greene and aoc on the same page calling for kim cheadle to be fired or resigned in disgrace. as far as her job, going back to pepsico and guarding chester chinos than overseeing the president. this is an incredible failure on the part of the secret service. she has at all under control,
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to keep that job going just like that. the most disgraceful, arrogant, disgusting display of a public official ever that i've seen at a congressional hearing. and mass shooting within 2 to 3 hours you have 5 or 6 police agency heads at the podium evanescent details, how many shots were fired, what do we know about the shooting, she wouldn't answer the simplest factual questions. and some have asked jested they were. she said she knew the answers but wouldn't tell them. that's discussing, disgraceful and should be shown the door by representatives of both parties. stuart: biden never fired anybody in his administration. >> in this case this isn't an
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incompetent person who is incompetent resulting in bad policy, economic downturn. we almost saw a presidential candidate assassinated before our eyes on live television. murdered in cold blood by trying to protect his family. that's why he out to be fired. stuart: see you again soon. president biden is going to return to the white house, first time since he dropped out of the race. when is he returning? are we going to see him? lauren: he is scheduled to leave his beach house until around arrived in dc at 2:30. maybe you can see him as he gets out were however he gets there.
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no word on when he will address the nation. he said he will this week. will he tell us why he decided to drop out of the race? he is still in office for the next six months. many lawmakers want to know are you strong enough to finish your term? stuart: mentally strong enough. can he do it? that is why we want to see the man. lauren: he is recovering from covid. as he recovered? how is he doing? stuart: back to the markets. scott shelladdy, nasdaq is up 66. maybe the week housing report has something to do. show us your big tech earnings prediction. we have a couple people on this show who said the results will be spectacular. what do you see? >> don't know about spectacular. this is going to stop growing
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to the sky but if you look how well they've beaten in the past quarters, not until you start to see those beats slowly but surely e rd. and they are still beating and as far as they do forward guidance i expect they will be good. don't know about spectacular. they've been spectacular until now. you can bank on doing well and i learned something on your show today, talking about those batteries, that is amazing, another offshoot of why you will see this artificial intelligence and intelligence in the news. stuart: i read your stuff and you constantly refer to the debt, 35 trillion now growing by a trillion every year. you write extensively about this. give me one minute on whether
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we will see a debt bomb explosion in the near future. do you see it coming? >> we are starting to print money to pay the interest on our debt, interest will be the biggest line item on our budget but it's not ready. that is when we are in trouble, can't get out of it. number 2. it is a big number. people can't think about that. i will give you a couple examples. if you spend $1 million every day since the birth of jesus christ you would not have made it to $1 trillion. we are talking 35 trillion. if this economic clock was the dollar would take 11 days to burn a million seconds off of the clock, it would take 31 years to burn a billion seconds. you know how long it takes? 31,688 years.
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we are talking 35 of those. it's almost like space. our legislatures and voters can't comprehend. that is why it's a problem. at some point it is going to be in our face that we have to deal with it. probably the next 2 to 3 years. stuart: that's what i'm looking for. next 2 to 3 years. that was an interesting thing right there. more about this next week. lahren is still with me looking at movers. lauren: life science company making medical devices up 7% into the market. when we show them, better earnings report, big demand for their products used for developing biological therapies. they graze their full-year profit forecast 3.5%. management is encouraged by growth in new residential
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speaking, price in june, median price at all time high. >> that the highest ever. 3.89 million on an annualized basis. suffering from last night's outage. >> the transportation department, after they canceled 5000 flights, and the ceo, and maybe longer. 60% rely on windows. what do you do about this outage when presented more than your competitors. should 60% rely on that service.
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they called trump a threat to democracy. >> the idea of selecting the democrat party's nominee because george soros and barack obama and a couple elite democrats got in a smoke-filled room and decided to throw joe biden overboard is not how it works. that is a threat to democracy. stuart: a bipartisan, the sacred service directors yet to go there. cb cotton is in pennsylvania. she is next. ♪
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call or go online now to request your free quote. the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.
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stuart: bipartisan congressional delegation touring the attempted assassination site. the same roof where the gunmen shot donald trump. what are these lawmakers saying? >> they visited the site behind me, they say they are not sure any explanation given to the public make sense. >> standing at approximately the site of the shooter. a 70-year-old man, to tell me secret service agents have been here, that's crazy. >> reporter: carlos jimenez was one of several lawmakers were able to get on top of the roof
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used by the gunmen, and and even photographed the would be assassin on the rooftop. it is before donald trump took the stage. there's overwatch on the building the crux fired from but wouldn't share specifics on what the overwatch entailed. he like rain taking social media to the show, the secret service had access to nearby buildings with unexpected windows that would've allowed someone to spot the shooter. >> the secret service is wholly responsible for the security for a candidate for president. they can delegate authority but not response ability. >> reporter: the house homeland
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security committee will hold a hearing of its own on the attempted assassination. director cheadle, christopher rack, and dhs secretary alejandra mayorkas all declined there invite to attend new york. stuart: j.d. vance called democrats a threat to democracy on his first press solo rally since being named trump's vp. >> the idea of selecting the democrat party's nominee because george soros and barack obama and a couple of elite democrats got an a smoke-filled room and decided throw joe biden overboard is not how it works, that is a threat to democracy. my message to democrats who are disgusted by this process, disgusted by how anti-democratic it is, you're welcome in the republican party where we think we should persuade voters and not lie to voters. come on in, the water is warmer.
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stuart: congressman dan news are from pennsylvania. to do you think is the real threat to democracy. let me suggest biden's lawfair attacks. >> the democrats are known for making accusations to us. that's part of their campaign of deception. jd was right in stating this. accusations undermining democracy, they tried to throw their opponent donald trump in jail. prior to that they tried to get him off the ballot. now they nominated anointed, crowned there nominee without one single vote from the electorate, from the people. democracy is government of the people. where majority rules. there has been no majority rule here. this has been on anointment, the only reason she was put in
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this position is only because president biden is down in the polls. if he was up by 5 points in spite of the debate they would still be covering up for his mental decline and his failed policies. stuart: who do you blame for the cover-up because there was a cover-up, someone wasn't telling the truth about history mental condition? >> completely. they want to preserve their power more than they want to do what is right by our constitutional republic. that is clear. so much of the media completely on board. a month ago, 10 days ago kamala harris was an inept vice president. today they have her as ted cruz says a combination of oprah, mother teresa and gandhi. it is a shame how much of the media manipulates kamala is to blame. the vice president. the staff. the cabinet.
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it is a cover-up. stuart: you are in pennsylvania. do you think harris can when your state and the election? >> you. i don't. i think it changes the ballgame, changes the game but the players with the exception of president biden, the game plan remains the same. the same policies i would argue worse. vice president harris's plan for our economy is nothing but tax and spend. how did it work out? if you want to rest of america to look like that, she's your candidate. stuart: she's against fracking, $5 million a year industry, thanks for joining us. appreciate it.
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robert f kennedy junior reportedly floated a job for himself in the white house if trump won. lauren: he wanted a senior position in health and medical issues. he said he wants to end chronic diseases, a critic of vaccines. donald trump intrigued by kennedy turned her down. in exchange for enjoyment of trump and getting up post in his cabinet. stuart: thanks. barstool sports founder dave portnoy blame democrats for replacing there nominee at the last minute. >> not for the right reasons. how they waited this long is insanity and they are trying to hijack democracy. stuart: he's wearing that hat
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because he got shipped rack off of nantucket. kamala harris will not preside over netanyahu's address to congress, what message does that send to israel and american jews? that is next.
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stuart: a week housing report may have contributed to the modest rally on the market, the dow is up 40, the nasdaq is up 72 points. let's start with general motors. lauren: they will delay the opening of an ev truck plant in michigan by six months according to the wall street journal. evs literally up problem, it's a money pit and that is overshadowing a great report card. and demand is strong for at gas powered trucks. and universal pictures film studio, stocks down 3 quarters of 1%, streaming went up 38%.
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stuart: it is 3 or 4 days. lauren: nicely for the first time in five days. mega pick, strong potential for their amazon web services, a stock at 188. stuart: kamala harris is going to wisconsin. alexis mcadams is there. both trump and harris will make a lot of visits to that state because it is very important. >> reporter: donald trump has been to wisconsin for a rally not long ago. this will be kamala harris's fifth visit to the dairy state. that shows how things come down a when talking politics in wisconsin. this is the first rally at this high school. we will see who is out here, they are saying there's tons of
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excitement in wisconsin. it is her first presidential rally. presidential candidate, taken the lead on the campaign. listen to this. >> my honor to have joe's endorsement in this race and it is my intention to earn this nomination and to win. [cheers and applause] >> in the days and weeks ahead, i, together with you, will do everything in my power to unite our democratic party, to unite our nation and when this election. >> reporter: the race is on with 100 days until the election. wisconsin democrats say they will use their 48 campaign offices in this state that work
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for president biden to focus on harris. harris visited wisconsin nearly a dozen times since she has been vp but things come down to a here. in 2016, donald trump won wisconsin by 20,000 votes, the first republican president of victory since 1984. in 2020, trump lost this state. harris won the endorsement of wisconsin leaders like the governor. >> i did not endorse the vice president for simple reason. i want president biden to have that connection to the people of wisconsin. >> reporter: i went and talked to some of those people who say they had a last-minute notice to call into work to see kamala harris on that stage for her first rally in this high school. one thing kamala will talk about is prosecutor versus felon. she talked about that saying
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she knows how to take out somebody with a rap sheet like donald trump. stuart: this is just coming at us. secret service director kimberly cheadle just resigned. do we have it right there. this is just breaking, probably just happened. >> after that heinous bipartisan hearing on capitol hill yesterday. and democrats saying if they don't have any answers. we don't know the back story, and the big catalyst.
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>> they are not confidence in harris's chances to beat trump. >> i to know behind closed doors, it can't be the vice president. in one breath and they were saying the president needs to be out, can't be her. stuart: are they as unified as they want to appear? >> and to run orf, forward. and they go into this race a little better positioned.
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there is excitement too, 70% of voters didn't want a rematch of donald trump and president biden. there's something different here, the question is over the next two weeks how vice president harris is defined by her own party and the opposition will show how the race goes. stuart: its early days but harris doesn't appear to be running on policy, she is attacking him on a personal level. is she trying to out trump trump? >> may be. she's trying to go for the former prosecutor against the felon. performer president says they indicted to me and they are going after me from prosecution standpoint. i think it will be fascinating. it is going to open up debate
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about policy, whose administration did things better. i asked the cochair of the biden campaign and the harris campaign what was her biggest accomplishment and he paused and then said helping entrepreneurs succeed in the middle class. i'm not sure if that will sell. stuart: benjamin netanyahu will address congress tomorrow. vice president harris will not preside over the address. she has to have a private meeting with him instead. speaker johnson said harris, ducking benjamin netanyahu, is not a good look. what message does this send to israel? >> it sends a mixed message. you see that was not met by dignitaries, not secretary of state, not the vice president or the president.
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it doesn't send the best message. the fact that vice president harris will not be at that speech, speaker johnson said if you want to be the leader of the free world, that's not the best look. at the same time the administration wants netanyahu to do a deal, a long-term cease-fire and normalize relations with saudi arabia. you wonder if that's going to happen but i wouldn't be surprised if benjamin netanyahu reaches out to donald trump in a phone call, meeting, to cover this. stuart: donald trump is going to be on a youtube show called break 50. what is the significance of trump playing saudi backed liv golf? >> i don't think there's significance. the golfer that just won the u.s. open is a friend of the former president.
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they play from the front tees and tried to liberally break 50. we have to birdie every hole. fun to watch, and you see what a good golfer donald trump is and he is, the best golfer we have seen as president. stuart: you are working hard these days. do you ever get a round of golf in? >> not lately. stuart: i wasn't going to ask about that. watching you tonight and that is a fact on special report. still ahead kamala harris went after donald trump, called him a criminal, attacking trump as a person as opposed to his policies. smart move. donald trump -- president biden has tens of millions in his war chest, the federal election commission, the chair told fox business democrats are trying to take the money now and deal with consequences after the
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election. grady trimble reports on biden's campaign funds next. ♪ ♪
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stuart: president biden's campaign at $96 million in its war chest. what happens to it? grady trimble joins us. >> reporter: there are two schools of thought, harris's name, her campaign gets access to the biden/harris campaign. the other is coming from some republicans. on the fcc boards. they accused democrats of trying to take the money and
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run without asking organization for guidance. >> they change the paperwork on their committee, slapped a new name on it, they harris for president committee, and expend that money for enforcement matters. >> reporter: it will be lawsuits been any court battles get dragged out until after the election. in addition to the question of who that's that money there are also people who donated to biden's campaign who have donors remorse while harris has proven to be a formidable fundraiser at least in the first day of her run bringing and $81 million in 24 hours after biden dropped out of. some big biden donors say they are out. >> if you pick anybody, pick the strongest people to win, i don't think they did. guess what? it is not my decision, my
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decision is do what you do, i will stay home. >> reporter: there is no legal obligation for the harris campaign to refund that money unless out of the kindness of their heart. on the republican side, the rnc chair site nice boost in donations during the convention so they are not worried about harris's successes. stuart: barstool sports founder dave portnoy went on a rant about democrats. ashley: the democrat party is guilty of being the undemocratic party. 's portnoy in full rant mode. >> i don't agree with it. [bleep] hateful left. they are reminding me why i cannot vote for them.
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not even trotting out kamala, and hid for years, hijacked democracy. they tell us, so -- just admit you hijacked democracy. ashley: portnoy says they must stop calling trump a threat to democracy when they won't let their own party vote for their candidate. stuart: i will leave it right there as well i should. kamala harris said biden is feeling much better. the white house doctor said biden's vitals are absolutely normal. why haven't we seen him in almost a week. brian kilmeade on that next.
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stuart: on the market this morning the dow is up, suddenly the dow is down 26. no movement for the s&p or nasdaq at this time. they both reported earnings after the bell, tesla taking a $4 hit, alphabet up $0.30. it is now 10:51 eastern time, that means brian kilmeade joins us.
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doctor kevin o'connor gave an update about biden's health, claims biden's vitals are absolutely normal. kamala harris said biden is feeling much better. i want to see the president, to know he's capable of running the country. is there a cover-up going on about biden's true state? >> i think he is coming back to the white house this afternoon. that is what i heard. we will see him. he will eventually address his situation it is decision. behind the scenes you know what he was saying, i'm not leaving, i'm not going anywhere. look at my schedule, i will sit down with lester holt, sit down with the bet network, 2 appearances, address nato, do a press conference, that is a guy that wants to stay. what happened? what leverage did they use to force him out? he's got nowhere to go. he's 81 years old, doesn't need another job, has a pension and social security.
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something happened behind the scenes to force him out and take his 34% approval rating and his vice president who has 30% approval rating and leave everything to her. took over his office. took his entire staff running for president. on a speakerphone. stuart: why did he go from a guy who wanted to to stay versus a guy who is gone. lauren: the donors stopped giving, a situation where you have jill, hunter, mike donlon and look around and quell the uprising.
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and don't turn this thing around. either that or nancy pelosi say i will 25th amendment you and that is what the posters today. he read the wall street journal. they chronicle behind the scenes where he has fallen short. 2021 when he tries to explain the infrastructure deal, needs one trillion dollars. he gets up to a claim to his caucus and makes no sense, nancy pelosi finished it up. allies and it will matter in different meetings, not being able to show up for 5 days and only go to meetings overseas in lithuania. all these stories are coming out. stuart: he is the president for another 5 or 6 months. >> politically it behooves the president, republicans, to leave him where he is but for
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the country, clearly he is not up to the game. one of the things he said to donors, working too hard, i will get up later and end the day earlier. fantastic. the anti-american work ethic front and center by the most powerful man in america, that should have been a red flag but politically the republicans would not benefit from kamala harris having air force one and looking like the first female president of the united states. to the country he should go. stuart: kamala harris likened trump to the criminals she used to prosecute when she was the attorney general, she's attacking, to trump's policies. is she trying to out trump trump going after him personally? >> america knows donald trump. america doesn't need it defined by anybody whether it is jill
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biden, barack obama or kamala harris, do you want to examine those new york cases and underline the fact how corrupt they were, how politically motivated they remain and every time people looked at those cases trump got more money. the money flowed in after the conviction. you want to go back there? the immunity ruling that came out of the supreme court revisiting the new york case. when you talk convicted felon, don't be surprised if that's not going to work anymore or be accurate. what hunter biden is looking at in september versus what he experienced already three weeks ago. stuart: politics is fascinating, isn't it. russell fry, bill hemmer and the boston globe's editorial board, the 11:00 hour is next. ♪
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