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tv   Varney Company  FOX Business  July 30, 2024 9:00am-10:00am EDT

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she comes out with next. i'll be waiting by -- reading the press releases to see which group i can join. cheryl: i think you're excited for the cat lady caucus. [laughter] >> i think both you and me are waiting for the rugby players for kamala. we'll be on that one, right many. [laughter] cheryl: what are you expecting, fed meeting? markets? >> yeah, so little news from the fed. hopefully not news, because if it's news, it's probably going to the crash the markets. and great earnings from microsoft, and i think we're going to see the same thing from amazon. hopefully, good news from apple, great news from facebook but that's -- we'll see9 where the market goes. cheryl: you are bullish with a capital b -- >> yes. cheryl: all right. good luck on nvidia. [laughter] mike lee, joe borelli, thank you so much. that is it for me. "varney & company" is up next and stuart varney, good morning, sir. stuart: good morning, cheryl. and good morning, everyone. this is the big one. microsoft. sometimes the called the
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godfather of a.i., it reports today. if you own stock, you probably have a piece of this company. you've done well. now the company has to show that its massive investment in a.i. is paying off on the bottom line. the numbers are going to be released after the closing bell today. in advance of that, the stock has been moving up. right now it's at 427. fingers crossed, folks. politics. the kamala harris honeymoon, she's still feeling the love of the democratic party, but she's flip-flopping trying to cover her san francisco liberalism. schaap- sharp-edged republican attacks have begun. the first trump-vance ad says she's failed, weak and dangerously liberal. today the harris campaign launches a $15 million ad campaign. she heads to atlanta where she will appear with megan thee stallion. the democrats seem to have ditched the trump is a danger to democracy talking point. it's been replaced by a single word. they describe trump-vance as
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weird. it's the democrat word of the week, but tom friedman at the new york times says using that word could be a big mistake. he says it's a putdown of the white, working class, non-college-educated men and women that democrats need to win. to the markets. not much price change ahead of the microsoft report later on today. the dow down about 40, but the nasdaq with microsoft moving up a little bit, up 600 points at this stage. 60 points. interest rates, the 10-year at 4.17%. the 2-year around 4.38. it's actually -- no, moving up to 4.40 right now. bitcoin, $66,000 and 600 a coin, no further bounce after donald trump's enthusiastic endorsement. gold, around $2400 toan ounce, up $6 today. oil in the mid 700s, $75.011, to be freeway ice. diesel, unchanged, $3.811.
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on the show today, biden and harris push for radical reform of the supreme court. you don't see much enthusiasm for it in the media. it's widely dismissed as pure politics and very unlikely to go anywhere. it is a dud. and we'll bring you the story of the $5 billion allocated for electric school buses, a kamala harris favorite. unfortunately, only 60 have been built so far. tuesday, july 30th, 2024, "varney & company" is about to begin. mug. ♪ ♪ well, now, they call me the breeze -- ♪ i keep -- stuart: leonard skinnered. i like the pelling there. big earnings -- spelling there. we're going to the start with microsoft, they report after the bell today. the tongue a mere 700 cents.
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look who's here. charles payne, the man himself. i think this is the most important earnings report we get quarter. we're going to get a judgment on a.i. what are you seeing? >> it's the among the most. this, meta, of course, and i think nvidia might be the most because nvidia, a.i.'s been the overarching story, but we'll learn a lot from microsoft. remember, google beat recently top and bottom line. stock got hit pretty good. in fact, that's when all of these names began to retreat because the question isn't how much they'll a make from these a. i. investments. we know they'll build business moats around these, but wall street is getting anxious about how quickly you'll start to recoup, and google wasn't really convincing. let me give you an example with microsoft. their cloud business from 2010 to 2023 made $100 billion. they think the next $100 tobillion will happen from 20213 to fiscal year 2026.
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all that's going to be driven by a.i. if they can lay out, yes, not only are we investing massive amounts of money never before invested by businesses, but it's going to the pay off far quicker than it has in the past, the street's going the to be happy. stuart: they're supposed to bring in revenue or f of -- the of around $64 billion. >> right. stuart: in 13 weeks. >> it's mind-boggling. imagine if they do $63 billion, the stock goes down. [laughter] there's someone at home saying i wish i could have a million dollar business one day. it's extraordinary. they have beaten the street 13 of the last 15 quarters. the stock hardly even moves on earnings. the last time this stock made a double-digit move was a year ago. it hasn't nudged the needle that much, it's just one of these names where it's such a behemoth that so much is expected from it. stuart: do you think they'll perform? do you think hale come through with a stellar report?
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>> i do. and i think google had other issues including youtube and things like that. remember, it's all about the cloud. the profit margins are enormous. it's 53% of the business. if they can articulate that today on the call, this stock will be one of the biggest winners. stuart: i like your comment, if they only bring in $63 billion -- >> imagine that. that's nuts, yeah. see you later. stuart: "making money" with charles payne, 2 p.m. eastern here on fox business. politics. donald trump says he's going back to butler, pennsylvania, where he was shot. he wants to finish his speech. lauren, what else -- lauren: back to rallies outdoors. watch here. enter so you're going to, -- so you're going back to the butler to give another speech -- >> i'm going to back to -- it's interesting you say to the finish -- >> continued, to be continued. >> that's a very interesting way of looking at it. >> i think that's, you know,
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i've said i think it's a good idea. why? >> i think it's important symbolically. i don't think we should be stopped by somebody that has severe mental problems or whatever his problem was. >> you're going to do rallies outside. >> yeah, i'm going to do rallies. lauren: he also a wants the honor corey comperatore, the father who died during the july 13th assassination attempt on trump. laura ingraham also a asked him, what about debating kamala harris? >> i'll probably end up debating. i think, actually, the debate should take place before the votes start being cast. if you're to going to have a debate, you've got to do it, i think, before the votes are cast. i think it's very important you do that. but the answer's yes, but i can also make a case for not doing it. >> maybe just you and her -- vice president harris in a room together with no moderators. >> i don't mind that. i don't mind anything. look, i don't mind -- we can do any form of a debate. lauren: okay. so why not say, okay, i'm on for
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september 10th. that was the previous he-scheduled debate between trump and biden on abc. maybe trump doesn't want abc as the host, as the moderator of the debate. also he's speaking about early voting. he wants the debate before that point. in pennsylvania, a swing state, it's september 16th. it's -- [laughter] it's so close. so if he has to debate kamala harris, fine, but who does j.d. vance debate, right? who's her vice president? all this has changed so fast, and the trump campaign needs the respond to it. stuart: thanks, lauren. trump also a took aim at harris for flip if flopping on key issues. watch this. >> she's a course candidate than him. she's far more radical left. she is younger, i mean, she's 60 years old. i didn't realize she was 60. i thought she was a little younger, but she's 600. -- 60. she is talking a big game, but her game is pretty bad. she was the border czar. she's trying to pretend that she
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budget. in politics when you start off saying something, that's where you are, and she was with defund the police, she was for open borders, he was for having anybody come in. now i notice they're actually saying they want immunity for everybody that came in. stuart: former arkansas governor mike huckabee joins me now. governor, is the harris honeymoon about to be over? i ask the question because she's flip-flopping, and that's going to be very apparent to voters. >> yeah, i think her honeymoon lasts as a long as julia roberts' in runaway bride. the horse is galloping. so, yes, there's going to be real scrutiny, something she hasn't had to the face. and as far as if flip-flopping, she's making mitt romney look like somebody with an iron spine because she can't afford to let her positions be articulated out there in the public because people know, open borders, socialism, getting rid of private health insurance, taking away people's guns. all of these things she's now
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saying, oh, no, i don't believe that stuff. but she did believe it and, you know, it's one of those things when a person says it over and over for years, you might wanna believe 'em. and i say we ought to belief what kamala has been saying before she became the presidential nominee if. stuart: i want you to listen to harris during the last election cycle saying she's open to expanding the supreme court. roll it. >> so i will say that i am interested in having that conversation, and i'm hope to conversation about extending the number of people on the united states supreme court. about a increasing the number of people on the united states supreme court. suiter start look, governor, is that a flip-flop. she wanted to pack the court back then, but now she's back biden who doesn't mention packing the court. >> well, but he is talking about term limits for the court. i think a better idea is term limits for congress. and if you're going to push it, go ahead and and just get 'em for everybody including bureaucrats and make it so that if a person is in congress, when they finish after a term-limited
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run of, let's say, no more than, you know, eight a years, twelve if they're in the senate, that's tops, they can never, ever lobby anyone, anywhere, anytime if for anything for the rest of their lives. that would change washington and change the country. one of the reasons people hate donald trump in washington is because he is not the product of lobbyists. he is not the product of the donor class. hay don't control him. they don't own him. and they can't stand that. and that's why there's so much animosity including from among some of these establishment republicans who pretend that a donald trump is unacceptable. the truth is the reason he's unacceptable to them, they don't control him. he is not a wholly-owned subsidiary of the donor class and the lobbyist class of d.c. stuart: he's not. governor, thanks for joining us. see you again soon, i do hope. >> thanks. stuart: just got the latest read on home prices. a reminder though, these numbers are from may, so they're two months old. with that in mind, give us the highlights.
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lauren: up 6.8% in may from a year earlier, from may 2023. a little bit more than expected but press than april. where are prices rising the most? on the coasts. many new york city, up more than 9%. ditto for san diego, california. stuart: thanks, lauren. coming up, the democrats are trying to tarnish trump by branding him and j.d. vance as weird. roll it. >> i mean, on the other side, they're just weird. >> the 32 ounces of weird. >> donald trump and his weirdo running mate. >> they are weird. >>s it is bizarre. it's weird. stuart: sent out a memo, you've got to use the word weird. but all that name calling, that could backfire. bret baier on that. u.s. intelligence officials have revealed an iranian platte plot to sabotage trump's campaign. are they reacting now because they fear trump's coming back to the office? retired four-star general jack keane deals with that next. ♪ ♪
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stuart: check out the cryptos this morning. bitcoin down a little. remember over the weekend trump became a big bitcoin booster. not much of a bounce there. etherium, though, on the upside again this morning. let's have a look at the secondary stocks that feed off the cryptos. coinbase is up, micro strategy is down. marathon digital, riot blockchain, gray scale bitcoin, it's a mixed bag. no serious movement there at this point. israel has promised to retaliate after hezbollah rockets struck a soccer field killing 12 children. what's the latest? lauren: israel is walking a tight rope. it says it wants to hit back
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hard against hezbollah, but also they want to avoid a wider war. saturday's deadly rocket strike that hit those 12 the children and teenagers was the deadliest mere their border with lebanon since october 7th. stuart: thank you, lauren. retired four-star general jack keane joins me now. general, is israel strong enough to defeat hezbollah, and are we supplying the weapons they need in a timely fashion? >> well, yes. hezbollah's very different from hamas. so our audience understands, they have ground forces around about 100,000. they operate as a military organization as well as a terrorist organization. and note this, they have 130,000 plus rockets and missiles to include ballistic missiles. their missiles are much more lethal and have extended range beyond what hamas has. hezbollah can literally reach any town or any city throughout israel. so this would be quite
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formidable. they were there in 2006 for 34 days. they left, this is the idf left, they were on the ground and in the air, and they left without accomplishing their mission. all of their service chiefs were fired pd as a result of the failure of that mission. this is many years later. yes, i believe the israelis do have the capability the defeat them. what the israelis really want here is they want the hezbollah to move back from southern lebanon where they have been conducting rocket and missile attacks into northern israel, and 80,000 israelis have been kiss placed from their homes, their -- displaced from their homes, workplace and schools. if israel left it as is, that redefines the border of israel. they're not going to do that. so they want hezbollah to move back. if they don't move back voluntarily so that the israelis can reoccupy the places that they left, then israel will be forced to the conduct a campaign against them. i know they have prepared a
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campaign to do just that. i don't think what happened, this horrific bombardment of these children playing soccer and the barbaric deaths suffered as a result of that, will lead to an all-out war with hezbollah. because the israelis will conduct a measured but strong the retaliation. i don't believe hezbollah would retaliate and escalate it where they start bombing all the cities in israel. that would mean war with hezbollah. stuart: will we support, will america, will the biden administration support israel pushing hezbollah back is that they can reoccupy the towns and cities in northern israel? do we support that? >> you know, it's a great question, stuart. i'm not, i'm not playing with my answer here -- [laughter] but months ago i would have said unequivocally, of course we would. but the there is some doubt in my mind now given how the biden administration has pulled
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ammunition and weapons support for israel, undercut how they conduct their operations, wire brushed them in public. i think it'd be very difficult for this administration to say no if israel needed u.s. help. if israel needed air power to assist in dealing with the attacks that hezbollah is raining down on them. i don't see how we could say no to that. but there is, there is some skepticism in my mind about it, and it's a very good question. soother stuart next one. the director of national intelligence says iran is working to undercut trump in the election. general, are they acting now because they fear a second trump presidency? get in while they can? >> yeah, i suspect that's really the case. i mean, they're not as good as the russians at this, but nonetheless, they are good at it. these are information campaigns that they're conducting. and what's in their rearview mirror, stuart, is what has happened. trump had maximum sanctions on
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the iranians, and then when this administration came in, the very month they took over secretly they began to ease up on the sanctions and told the iranians we are making this concession to you in good faith so that we can renew the nuclear deal and start negotiations. iran is flush with money because china, no sanctions against them, is buying all of their oil. in a sense, china is financing iran's war in the middle east. they know full well that a trump had maximum sanctions on them, he initiated the abraham accords which led to the arabs making diplomatic relations with israel. he moved the u.s. embassy to jerusalem, and he also recognized the golan heights as being a part of israel. iran knows all of that and is acting accordingly many if trying to interfere with our election. stuart and they don't want him back in power.
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general jack keane, thanks very much. always a pleasure. thank you, sir. >> yeah, great talking to you. stuart: now look at this, chaos in the streets of venezuela. people protesting the election results. nick nicolas maduro has declared himself the winner. lauren: yeah. the latest is china and russia congratulated maduro. that tells you everything. the venezuelans are not happy. many of them made their way protesting toward caracas, they blocked the roads, they lit fires, put tires on fire, they threw patrol bombs at the police including near the presidential palace. maduro's opposition says, look, we have proof. we have the tally sheets that our candidate beat nicolas maduro with more than 70% of the vote. maduro says you just hijacked the computers. elon musk also questioning the results. he says, quote, a donkey knows more than maduro. of maduro then called musk his arch enemy, trying to invade his country with space rockets. this is a biden-harris problem.
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stuart: yes, it sure is. lauren: they loosened the sanctions on venezuela, and now if they tighten them, more are going to come to the southern boarder. stuart: check futures, please. i see a little bit of green, especially for the nasdaq, up 60 points. the opening bell's next, and we'll take you to wall street. ♪ but i wonder when you're drinking if you find yourself thinking about that boy from east tennessee. ♪ and i know we -- but we still said forever, and that -- ♪ if. ♪
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stuart: the futures show not that much price change, although the nasdaq is up a solid 700 points at this stage -- 70 points. at this stage. david nicholas joins me. which stock, in your opinion, is the biggest a. i. winner? >> yeah, stuart, no question i think microsoft is the big a.i. winner, mainly because of its ownership in openai. remember, that's produced chatgpt, whisper, these are huge a.i. programs. but what the street is looking for is can microsoft translate all of this spend on a.i. into sales for its as your cloud -- azure cloud business? i think
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they can, and i think this number could be pretty big, stuart. stuart: would you consider buying it now at $427 a share? >> yeah, look, i know it seems like the stock has done well this year, we are still putting money to work in microsoft. i think you can buy today. we've got about a $5000 price target on -- 5090 concern 50900 price target -- 500 price target. i think apple is the safest a.i. play, and this really has to do with the spend. if you think of traditional a.i. as a big powerhouse, apple's a.i. is less powerhouse and more personal. what apple's doing is a very different from a lot of other companies. they're take a.i. to a perm level, so it doesn't rely on external servers, using big nvidia chips. it's about a organizing your data on your phone through voice activation, true photos and videos, so it's a much simpler approach, but the costs are dramatically lower. stuart: what would you think would happen if microsoft
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disappointed ever so slightly? do you think it could take down the whole market? >> yeah, stuart, i don't even want to think about it because, yes, there's a great rotation happening where we see investora route in tech -- rout in tech stocks. the market is being hell up, think, single handled -- single-handedly by movement you're going to see this rotation into small caps, into international, this is the last hope, i think, for tech this week, stuart. stuart we've had a 3-minute conversation about a stocks, and we haven't mentioned interest rates and the federal reserve. there's a switch for you. thanks, david. we'll see you again soon, and we will be watching microsoft really closely this afternoon. i've got a thin sliver. i'll be watching. all right. the market, they're clapping and cheering, they're about to open, seven or eight seconds still to go. on the right-hand side of your screen, any moment you'll see someone reach forward, press the
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button -- i say this every day -- and we're off, we're running. where's the dow? right from the get go we're up 143 points. that wasn't evident in the futures market, was it? lauren: no. stuart: just in a couple of seconds the market hopes -- opens,, up she goes. look at that. a majority of the dow 30 are in the green. coming down a little bit but still up a quarter percent, 96 points higher. s&p 500, where is that this morning? that has also hoped thigh -- higher than we thought from the premarket up 13 points. 5,476. the nasdaq composite, wait for it. that is up, again, just over a quarter percent, 17,418. show me big tech, please. this is their week. this is when four of the big ones report. amazon, meta, alpha a bet, apple, microsoft, they are all a up. not by much, but they're all up. pull out microsoft for a second. as we've been saying all a morning, they report after the bell today. my opinion, this is the most important earnings report of the
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quarter. lauren, what have you got? lauren: dan ives agrees. he's calling this the iphone moment for microsoft. you have to watch as your -- azure growth. that's the cloud. it's expected to top 30%. that's a big deal. investors need to see if cloud revenue has picked up enough to justify the billions they're spending on a.i. if it's expected to be $13.6 billion, one quarter. overall revenue just high of $65 billion. okay. so it's 4-5% of their revenue, but it's still an enormous if amount of money. think about it. for all the companies that sign up for their co-pilot, it's $30 a month per employee. half of the fortune 500 use it which means there's another half still to get. and i also want to tell you this, and this could be why microsoft shares don't know which direction they want to the trade right now. microsoft is investigating outages regarding some of their office products like outlook, word and excel, and this is just
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coming to us now. stuart: that's butting -- putting a little damper on the stock, it just turnedout. okay, got that one. we got some earnings reports before the bell. merck. lauren: down it goes. they raised their full-year forecast thanks to keytruda, but the stock is down because they cut their annual profit forecast. stuart: pfizer. lauren: they lifted their 4-year outlook. they're diversifying out of covid vaccines once responsible for 60% of their revenue. that's down a quarter percent. stuart: proctor and gamble which dominates the grocery stores. lauren: okay. they do dominate the grocery store and the beauty aisle. a major revenue miss because of slower growth for beauty products, charmin toilet patient, pampers diapers. yes, they've increased their price, but they're seen they are customer push back, so they're trying to the keep prices in check. it still didn't work. stock's getting hit. earnings got hit as a result
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too. a worried consumer. stuart: fascinating story, that really is. jetblue. lauren: surprise q2 profit. stock's up 9%. they're also delaying plans to buy airbus planes worth about $3 billion. the reason is heir aiming for profitability through cost cuts. stuart: let's have a look at nvidia. they've not reported yet, a couple of weeks to go, i believe, there. did they have some kind of new advance in a.i.? lauren: physical artificial intelligence. what is that? stuart: what's to that? lauren: i thought all of the a.i. happened in the cloud. you know when you used to do the robot, right? if you're literally going to be doing the robot as you train the robot to do the job you want it toot to do. so you put on a pair of ar/vr goggles and say, hey, robot, this is the toaster. you take the toast out of the toaster, put it on the plate, get the knife out, put the butter out -- on the toast. every single worker will have an a.i. assistant including the ceo
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of nvidia, jensen huang. stuart: that's fascinating. haw lauren yeah. and it involves three computers and a pair offing goggles to train a robot. stuart: you made me understand that. lauren: how would you train a robot to do your job? the. [laughter] stuart: we're going to change the subject, shall we? amazon. i believe they're expanding their 1 to 2-day delivery service? lauren: for rural areas. that's a big deal. it's like the last frontier. it's bad for the usps, they typically to that delivery for rural america. how does amazon do this, and why is the stock so convinced? they're going to use what they're call aing hyper-efficient warehouses, they're going to contract the drivers and use local shops, mom and pops. they don't plan to do 100% of this delivery, maybe settle at 90%, and it's making financial sense for them because they're charging sellers fees to the package and deliver. so it's the on the back of the sellers. stuart: smart company, oohed
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say. delta. i'm sure they're going to sue crowdstrike and microsoft if because of that mass outage. there's huge damages, right in. lauren: yeah. there's one report that says tell that suffered up to $5000 million in damages. -- 500 million. july9 19th, 6,000 flights canceled since hen. that's a huge black eye for delta. and now reportedly they've hired a law firm and they're seeking compensation from both crowdstrike, they want compensation from if both according to report. stuart: okay. novo nordisk, ozempic folks, right? there's something else that ozempic takes care of. what is it? lauren: two other things. quitting smoking is number one. there's this study that after a year of taking ozempic, up to 322 of the participants were less likely -- 322% of the participant -- 332 the -- 2332
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the -- 322% were less likely -- i guess there's ways it might help you quit smoking, but i also a saw this, it's a very early and small trial, but the loss of brain volume in people with mild alzheimer's disease. stuart: it slows the brain loss. lauren: yes. it seems like it's the panacea for everything, for every ailment in the world. stuart: that's right. lauren: what could go wrong? if. stuart: no wonder novo nordisk is the largest and most valuable company in europe. because of ozempic. lauren: yeah. stuart: one more. tesla, recall. lauren:. 11.8 million -- 1.8 million cars over a software failure that causes the hood the to unlatch suddenly. i think the stock is down almost 2% for this. a truist tesla analyst was testing full self-driving in the suburbs in new york, and if he said that there were multiple instances where he had to intervene to control the car
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including one at an intersection. the tesla in fsd mode started accelerating really fast. he had the take the wheel. if you're an analyst of the company and you had that a experience, what are you going to write about the company? he said he's, quote, befuddled at what tesla can possibly show at their robotaxi event in october. stuart: and the stock is down just 1.5% -- lauren: his price target is 215, by the way. stuart: coming up, president biden's latest gaffe. he called speaker mike johnson dead on arrival. watch this. >> reporter: speaker johnson said it's dead the on arrival. >> [inaudible] >> reporter: that he is? >> [inaudible] stuart: oh, dear. will biden get as pass on flubs like that now that he's out of the race in guy benson will cover it. biden calling the supreme court extreme in his latest push for term limits. roll it. >> i believe the best structure is the term limit. that would help ensure the
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country would not have what it has now, an extreme court. stuart: brian kilmeade fired up about that. he will appear in the 10:00 hour. this is something, the group white women for kamala held a zoom call on how to use their privilege. watch this. >> if you find yourself talking over or peeking for bipoc individuals or, god forbid, correcting them just take a beat, and instead we can put our listening ears on. stuart: dear lord. cayee mcghee white -- the. [laughter] i hope, will take that to piece. we will be back. ♪ ♪
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stuart: 13 minutes into the trading session, and look at the dow. it's up 175 points. the nasdaq's up 72. we've got some green out there today. north carolina governor roy cooper has taken himself out of the running to be kamala harris' running mate. bryan llenas with us this morning. give us the latest on the veepstakes, please. >> reporter: stuart, good morning. well, look, we expect the veepstakes to come to an end sometime within the next week when vice president kamala harris makes her decision as the short list consolidates. last night north carolina governor roy cooper bowing out of the race reportedly in part of his desire to want to run for the senate in 2026. but now reportedly gary peters, the senator from michigan, is now in the mix. axios reports that unions have been pushing for the swing state senator who is interesting. so now the short list of possible picks now includes senator peters, arizona senator mark kelly, minnesota governor tim walz, transportation season secretary pete buttigieg and
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pennsylvania governor josh shapiro. michigan governor gretchen whitmer headlined a harris rally in pennsylvania yesterday where shapiro attacked trump as, quote, weird, a line that the harris campaign debuted in the last week. and both shapiro and whitmer, they cursed a lot at yesterday's rally which seemed purposeful, perhaps a way to speak to the youth and maybe even go viral. voters told us hay feel a very different energy than at biden rallies. >> absolutely. i do feel the excitement, and i talk to a lot of people and i feel that it's just an excitement that's growing with everyone, young voters, all of my family. >> reporter: what is your message to vance? >> ach. you don't mess with -- [inaudible] if. >> reporter: what's your cat's name? >> angel, silly girl.
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>> reporter: you've always a had cats? >> always. >> reporter: you didn't bring them odd? >> they're political. [laughter] >> reporter: you know that they are? >> they are. they are political. >> reporter: the weird 2024 campaign continues to get weirder. the bottom line is she obviously found energy and comments from the republican vice presidential candidate there in d.j. vance, calling -- j.d. vance, well, attacking what he said are childless cat ladies. just9 another day on the trail. stuart: you know, bryan, weird is the democrats' word of the week, but weird comes up constantly. if bryan llenas, you're all right. thanks finish very joining us. now this, harris appears to be focusing her campaign on abortion and health care. two issues important to the women's vote is. kaylee mcghee white with us. will it be enough for harris to win in november? if your opinion. >> i don't think it will because there are significant differences between this election cycle and the mid if
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term cycle where abortion was a very motivating factor for democratic voters. and the first part of this is that in many of the swing states kamala harris needs, this issues has a already been decided by the voters. i think of my home state of michigan. they had that decision, and they made it so it's not driving them to the polls. and the second thing, stuart, is women voters or young voters like myself, they might be more liberal on the issue of abortion, but they're not single-issue voters. they're actually capable of thinking about plenty of other things including the economy and on immigration. and if you look at the polls, trump is still dominating on those issues even in the swing states and among female and young voters. stuart: the group white women for kamala held a zoom call. they talked about how to use their privilege. watch this. [laughter] >> yeah. i'm sure -- >> as white women, we need to use our privilege to make positive changes. if you find yourself talking over or speaking for bipoc
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voyages or, ford forbid, correcting them, just take a beat. and instead, we can put our listening ears on. use the privilege you have in order to push for system,ic change. stuart: kaylee, i suspect if i responded, i'd get myself in trouble. so why don't you do it. >> you seems like a -- she seems like a real treat at thanksgiving. i'm sure her family members just love being around her. this is a great indication of how the left thinks about other americans in general. this think take this condescending tone as if we need to be spoken down to simply because we have a can title political disagreement. i think you take this seriously, because this is what hay think of you. stuart: i'm going to move on before i end up in hr. >> yeah. stuart: thank you very much. we'll see you again soon, i'm sure. kamala harris, the honeymoon has lasted a week, but her flip-flopping is opening the door the sharp-edged republican
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attacks. when voters see the real harris, the party's going to be over. that's my take, top of the hour. california facing a mass exodus. it's driving off businesses and residents alike. a full report on the sorry state of the golden state. that's my expression. that's next. ♪ hello from the other side. ♪ i must have called a thousand times -- had been. ♪ if to tell you i'm sorry for everything that i've done ♪
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stuart: california has seen a mass exodus of businesses thanks to high taxes, soft on crime policies and now the $20 the minimum wage for fast food workers. max gorden joins me now from santa monica's once-vibrant 3rd street prom nap. ed not so vibrant anymore, is it? >> reporter: yeah, stuart, it just ain't what it used to be, and it's indicative of the challenging business environment here in california. you walk up and down the promenade, and you see closed-up storefronts like restaurant and for lease signs in empty storefronts and businesses here. now, there are a lot of reasons
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for the decline. we've seen changes in retail over the past few decades, the covid-19 shutdown, of course, can't hurt -- or didn't help. and there's also been an increase in homelessness, and now some businesses across the state are deciding that they need to leave california. over the past decade, hundreds of businesses large and small have left or announced that they will leave the golden state. that's according to the california policy center which tracks what they call the california business exodus. among the businesses moving out of california are some pretty big names, neutrogena, charles schwab, lucas oil, pabst brewing company, elon elon musk's tesla, spacex and x. musk announced he would move tesla's headquarters to austin, texas, and then this month if he announced that spacex will be moving from hawthorne, california, to star base, texas, and the headquarters of social media platform x from san francisco to austin. musk said the most recent moves have been in response to california's new law barring schools from requiring staff to
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notify parents of a student's gender identification change. property costs, high crime and a recent increase in the state's minimum wage are also reasons for leaving. we spoke to the owner of bulletproof pet products based in the bay area. she told us that expenses over the past several years have been skyrocketing, driving up company debt and forcing them to raise prices. it's now got them considering a move out of california. >> i feel like i'm in this hole, and the only way that i'm going to get out of this hole is to move, you know? and if that's hard because i've lived here since i was born. i was born here. so -- and i've never lived anywhere else. >> reporter: she says that she doesn't know where in the country she'd want to move her business but says that if things don't change in a year or two, she's going to have to move, her hand's going to be forced, or he might have to close. stuart, back to you. stuart: thank, max.
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and, by the way, welcome to fox business. you've just made your first ace -- appearance. see you again soon. thanks a lot. check those markets, i see green -- do i see green? yes, i do. especially for the dow, it's up 180 points. i'm going to figure out which stocks are making that a gain. goldman, jpmorgan, travelers, amgen and unitedhealth. still ahead, back in 2018 kamala harris compared i.c.e. agents to the kkk. former acting i.c.e. director tom homan, or you know he's going to be fired up about that. he's on the show. democrats have a new attack line calling republicans weird. you know, that could become fire. bret baier will have his stay on it. -- say on it. tensions amply fight in israel. are is a wider war inevitable? tennessee senator bill hagerty will answer that. j.d. vance's cat lady comments not going over well.
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allysia finley of the "wall street journal" is not happy. she's just hate. the 10:00 hour is next. ♪ i need a hero, i'm holding out for a hero til the end of the night ♪ it's odd how in an ins .. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. (marci) so, how long have you lived here? and how are the restaurants around here? are they good, bad, meh? (luke) marci, we've gotta go.
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