Skip to main content

tv   Varney Company  FOX Business  July 30, 2024 11:00am-12:00pm EDT

11:00 am
11:01 am
think what happened is horrific to these children playing soccer and that barbaric deaths suffer as a result of that and lead to all out war with hezbollah. >> women voters and young voters like myself, they might be more liberal on the issue of abortion, but they're not single issue voters and capable of thinking about plenty of other things. >> i think the news media will try to make this a three month honeymoon. journalists and fellow activists will try to drag her all the way to november without serious scrutiny. ♪ stuart: i remember this. save the world. i couldn't believe you knew that one. good morning, everyone. it's 11:00 on the east coast here in america. tuesday, july the 30th. quickly check the mar markets ad
11:02 am
nasdaq down 102 and dow up 128. let me have a look at big tech, please. mostly, let's see, mostly, mostly, mostly green. meta, alphabet, apple up. amazon, microsoft down. and the 10-year treasury yield coming down at 4.167%. right now, the senate judiciary, homeland security committees are holding a hearing on the assassination attempt on trump. opening statements have concluded and so far this is what we've learned. the acting director of the secret service says he went on to the roof himself to evaluate the shooter's position and said what he saw made him ashamed. and attempted assassination was a failure on multiple levels and fbi deputy director shared a recently uncovered media account associated with the shooter and comments reflect anti-semitic and anti-immigrant themes and described as extreme in nature. they still have not been able to
11:03 am
get into incremented apps that the shooter used -- encrypted apps that the shooter used. remember when the democrats main talking point was trump is a threat to democracy? didn't work. didn't relate to people's lives and looked for something different and came up with a single word: weird. somebody, a democrat central must have sent out a memo and label the trump advance ticket weird, please. sure enough from kamala harris on down and word pops up whenever a democrat appears in the media. i guess weird is a put down. is it really effective in political discussion? absolutely not says tom friedman. the star columnist of all democrat all the time new york times. he's really ripping into it today. he writes "democrats could regret calling trump and his supporters weird". he says i cannot think of a sillier, more playground, more foolish and counter productive
11:04 am
political taunt for the democrats to seize on than calling trump and his supporters weird. he doesn't like it. if the democrats want to win the white house, they have to attract white working class, noncollege educated men and women. calling them weird is a nonstarter. it's like hillary c calling trup supporters deplorable. it's an insult but the elites don't see it that way and they're used to looking down on people and better learn that people don't like it, they resent it. remember, please, the new york times is the bible of the democrat party. and tom freeman is a three time political starter and i feel the word weird will fade rapidly. third hour of varney starts now. stuart: jimmy failla back with us and what does it mean for
11:05 am
you? >> they have no idea to sell the candidate to the american people. that's what it means. if you're the party that spent three years telling us men can have babies, okay, weird really isn't the lane to be running in. this is the administration that had a guy, sam britain, stealing women's luggage and putting on their clothes which last i checked was a little weird. the biden administration gave sam britain a pink slip and he put it on. stick with me here, stu. they're running on social pressure and it's all they have. there's this manufactured enthusiasm right now and i call it faux mentum. it's not real, it's fake momentum. people that wanted kamala off the ticket thee months ago. it would be a problem to kick her off because of identity politics leaning harder than ever into the same identity politics and trying to convince and she happens everyone else around them they're enthuse last ick about this person and if they were, they wouldn't be
11:06 am
denying her record. they're denying she was the border czar. we're like a day away from msnbc saying she was never vp. i don't know what you guys are talking about. this is crazy. fake news. they don't know what to do. stuart: another one on similar vein. a group called white dudes for harris. they raised $4 million on a zoom call last night, 190,000 people in the meeting, including celebrities and transportation secretary pete buttigieg. watch this. >> i'm a policy guy. i've never been totally comfortable with the truth that no matter how much you believe in your policies, so much polpolitics is vibes. having said that, it's incredible. stuart: it was the white women zoom call and there's the white dudes and this is all identity politics. >> of course it is. in their defense, they went with white dudes for harris because it had a nicer ring than losers. if you just called it what it was, it sounds a little more abrasive and easier to gather
11:07 am
under this umbrella. when he talks about vibes, what is the good vibe in segregation. they just spent four years telling us anyone that votes for them is racist and if anyone needs me, i'll be at whites only meeting and this is insanity and back to them not having a deliverable. what do you say to somebody crushed by inflation? somebody plagued by the border crisis. trump is weird and all the white guys are having a zoom. how does that pay a bill and keep you safe and it doesn't. they're running on this. it's faux mentum, it's fake momentum, stu. stuart: you're the guest. >> i take very good care. stuart: laugh out loud. we're going to watch you every saturday night 10:00 p.m. eastern, fox news saturday night. jimny, you're all right. >> thanks, stu. stuart: look at markets, please. we've got dow now up, what, 29 points but the nasdaq falling out and it's down 209 points.
11:08 am
we'll get some explanation for that later. mike murphy with me and talking microsoft with reports after the bell this afternoon and in my opinion, this is the most important earnings report of the quarter. what are you expecting? >> i'll agree, it's one of the important ones but i think microsoft is going to put up a very strong quarter. i expect not only over their last three months but they're guidance going forward. they're talking about ai and how that's going to generate profits for the company. i expect all good news out of microsoft. the question though, is the moten men it up going in the wrong direction? most tech companies sold off 5-7% and nvidia a little more and are too many people expecting too much and setting the bar too high for microsoft to clear? is that even a good quarter or very good quarter causing the stock to sell off.
11:09 am
stuart: yeah, they're expected to bring in revenue of $64 billion in the quarter. just imagine they bring in $63 billion, the stock sells off because they disappointed. that's not real though, is it? >> it's not. if you're a trader, if you're making your money feeding your family by the momentum in a stock on a day-to-day basis, that really matters to you. if you're an investor in microsoft, you can tune it out. has no impact whatsoever. 63, 64 billion. same thing in the long run. stuart: microsoft is not the kind of stock that you guys buy, is it? you don't need that? >> as a company, i own it personally and owned for a very long time. there's nothing -- unless hay come out in the earnings report and say something about how the business is shifting there's a major change in how the business has been running over the last few years, i'd be a seller. short of that, holding the stock. stuart: me too. thanks, mike. you're staying with me for the hour, i believe. good man. lauren's been taking a look at proctor & gamble, down 6%.
11:10 am
lauren: yeah, and just to digress a bit, nvidia is down 6% and that could be weighing on the nasdaq. why it's down so much now. p and g down 6% and say they own the supermarket and they do. they reported a surprise drop in revenue and seeing slower growth for charmin toilet paper and beauty products and the weakness is continuing and management on the call said first couple quarters of next year looking like past quarter and it was not so good. stuart: novo vex. lauren: cuts and reaffirms their street low price target of $8. they believe the current share levels are substantially overvaluing their new covid shot and i do want to point out, a 27% decline is ugly but the stock is up 250% this year. just to put it in perspective. lauren: it's a boeing supplier
11:11 am
and make some of the medal and engine components and travel demand still strong. aircraft is aging. strong earnings up 50% in the quarter and strong guidance and hiked dividend and bye back program. stuart: thank you, lauren. coming up, donald trump defending running mate and democrats are spinning vance's cat lady comments. watch this. >> the democrats are good at spinning things differently from what they -- all he said is he does like -- for hip, he likes -- him, he likes family. a lot of people like family and sometime it is doesn't work out. stuart: alicia finley from "the wall street journal" came out strong against vance's comments. is she buy trump's explanations? she's coming up a little later on the show. the hearing on assassination attempt on trump and acting secret service director cannot defend why that roof was not better secured. israel weighing response to
11:12 am
hezbollah attack that killed 12 children on a soccer field. is israel strong enough to defeat hezbollah? are we supplying the weapons they need? i'll put that question to senator bill hagerty on the senate foreign relations committee, and he joins me next. ♪ what will you do when the power goes out? power outages can be unpredictable and inconvenient, but with a generac home standby generator, your life goes on uninterrupted. because when your generac detects a power outage, it automatically powers up, giving your family the security and peace of mind they deserve. we don't have to worry about whether we lose power or not.
11:13 am
if the utility company does not come through, our generac does. after the hurricane happened, we just want to be prepared for anything. 8 out of 10 home generators are generac, with thousands of satisfied customers. number one thing to prepare for is extended power outages. don't make it so hard on yourself, have a generac home standby generator. and owning a generator is easier than ever. special financing and low monthly payment options are available, and if you call now, you will also receive a free 5 year warranty valued at over $500. call or go online now to request your free quote.
11:14 am
meet the jennifers. jen x. jen y. and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal with some help from j.p. morgan wealth plan. let's go whiskers. jen y is working with a banker to budget for her birthday. you only turn 30 once. and jen z? her credit's golden. hello new apartment. three jens getting ahead with chase. solutions that grow with you. one bank for now. for later. for life. chase. make more of what's yours.
11:15 am
here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine, like google, but it's r and doesn't spy on your searchs and duckduckgo lets you browsel but it blocks cookies
11:16 am
and creepy ads that follow youa and other companies. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. stuart: the new acting secret service director ronald roe is testifying about the attempted assassination of donald trump. hillary vaughn on capitol hill. any new revelations from the hearing so far? reporter: stuart, surprisingly a
11:17 am
lot of new revelations and seeps like senators are getting answers and learning clarity from the acting director today. he is really leveling with congress in a way that his predecessor, the former secret service director, kim cheatle, did not with lawmakers. he went to the event site in butler, pennsylvania. something that cheatle also did not have time to do. roe says flat out he was ashamed by what went down in butler, and that the roof the shooter climbed un-was unprotected and exposed and that fact is indefenseable and we're getting a better time line. the shooter thomas crooks was first flagged as a suspicious person by law enforcement an hour before he fired his first shot at former president trump. we also are learning new information about how out of the loop the secret service was when the would be assassin thomas crooks climbed on the roof with his rifle. >> neither the secret service counter sniper teams nor members of the president's former
11:18 am
security detail had any knowledge that there was a man on the roof of the agr building with a firearm. it is my understanding those personnel for not aware the assailant had a firearm until they heard gunshots. reporter: the secret service is still not able to access the shooter's encrypted apps to see who he was talking to and what he was saying in the days and weeks leading up to the attack, but we are getting insight into a possible motive that the shooter had and turns out he may have been on social media and secret service director found an account that they believe to be his. >> the social media account, which is believed to be associated with the shooter in about the 2019, 2020 time frame and there were over 700 comments posted to the account. some of these if ultimate laetrile to the shooter appear to reflect an tim -- reflect anti-semitic and an t more.
11:19 am
reporter: money and how the seat wretrocochlear service and -- secret service and agencies alabama the events that unfolded and the acting director push that had aside to the point and asked about it saying any government agency would want more money. stuart. stuart: hillary, thank you. israel vowed retaliation against hezbollah after a rocket attack that killed 12 children. i asked retired four star general if the united states would support israel in a wider war. watch this. >> i think it would 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 reigning down on them. i don't see how we could say no to that, but there's some skepticism in my mind about it. stuart: senator bill hagerty is
11:20 am
with us this morning. mr. senator, you're on the senate foreign relations committee. in the event of a wider war, will republicans stand united and firm behind israel and give them the weapons they want or need? >> stuart, be absolutely certain of that and we've stood steadfast and i don't know how they can hesitate to step up but this administration is trying to both sides the situation in israel time and time again. to provide support for activities of hamas and un-courbetable and look -- unconsciousable and 12 children were killed. stuart: you spoke at a bitcoin conference in nashville. are you in favor of trump's plan to make a national bitcoin stockpile?
11:21 am
>> president trump announced a good plan with bitcoin in the coughers of the united states coffers of the united states and didn't announce a broader program to acquire bitcoin and not selling it and making it a benchmark that gives credibility to the bitcoin currency and also more articulate about what we'll do broadly speaking with crypto technology and he'll end the war on crypto, that's been waged by this current administration and will stand against a central bank digital currency, which is directly the means and meth this administration -- method this administration wants to deploy in the same way that china uses the wand to control financial trans-accounting standards boards in their country and -- transactions in their country and we don't want that here in america, even though the biden administration seeps to move every bit in that direction. president trump favors the de-centralized nature of this currency and he's going to end the war on crypto here in america and see this innovation
11:22 am
take mace here on our shore -- place here on our shore rather than push it offshore like we're doing. stuart: sounds like the republicans are the party of crypto. is that accurate and the democrats are not? >> i think that's very accurate, stuart. and i think president trump's speech made it increasingly clear. these are republican principles and the people in the crypto currency and arena and crypto technologies and the bitcoin, i think fully identify with that because that's the way they see the world too . the alignment could not be better and what we're doing is broadening the appture and bringing new voters and supporters into the fold for republicans and certainly president trump is leading the way. stuart: tell me what this national bitcoin stockpile would actually do. what's its function? >> i think the number of legislative proposals about what might happen beyond what president trump announced and what president trump announced at the conference was the fact that we would be retaining the bitcoin that's already in the possession of the u.s. government. i think what that does is
11:23 am
establish a level of credibility for the currency and shows that this is something we're going to be supporting as a nation moving forward. i'm most interested in the productivity and innovation that comes with it as well and creating the ecosystem here and republicans are elected it's on the ballot this november. republicans elected, the industry will thrive here and if democrats retain power, they're doing everything to kill the industry. stuart: senator bill hagerty, thank you for taking time this morning. appreciate it. thank you very much indeed. mike murphy with me this morning in new york. are you in favor of trump's plan to make a national bitcoin stockpile? >> i'm not. i'll tell you why. i think what president trump was doing was speaking to a certain part of voter base and good for him and worked what he was saying but my concern, stuart, is people at home watching your show go out and think they need to trade bitcoin. and that works great over the last couple of months but the months before that or last year, it didn't work well at all. i think it has become a gambling
11:24 am
tool or a way for people to speculate. i don't know if that's -- having a national stockpile is one thing, but having speculating on the daily price of a crypto currency to me, those two don't fit together. that's my concern. it may be here for the long term and great for people innovating and around them and hopefully they're all very successful but the trading for the individual person is the part that concerns me. stuart: got t mike. thank you very much indeed. don't forget to tune into the cryptocampaign, that's a special. it will air 8:00 p.m. eastern on friday here on fox business. next case, big tech billionaire speaking opening about politics and we know elon musk, he's a trump guy. which other billionaires are speaking out? ashley: it's interesting. the fighting has been particularly acute among the so called paypal mafia. it's a wealthy group of tech executives and tech investor
11:25 am
reid hoffmann and elon musk and david sacks and investor peter thiele. sanks went after hofmann, that's a democrat donor and trump lit ick claiming the left "had normalized the at a". and musk weighed in on x saying hoffmann, another democrat donor and people like him got their dearest wish with that attempt. for years the silicon valley has been a bastion of liberal elites and mark andreason and mark haharowitz for supporting tram d calling him a useful idiot for supporting the democrat party. it's getting feisty. i'm amazed there's any conservatives in the sill von valley. stu. stuart: apparently there are.
11:26 am
how about that . thanks, ash. coming up, we've been calling out democrats this morning for using the word weird to cribrum and vance. now it's picking up steam. watch this new ad from a democrat pack. >> the republicans banned abortion. that's just the start. >> if trump gets elected, we want the government involved in all aspects of your sex life. stuart: what's? what's going on here. straight to name cal calling and petty insults. some republicans are accusing the treasury of manipulating the economy and market because it's an election year. we'll ask a former member of trump's economic council if there's any truth to that. that's next. ♪
11:27 am
daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out.
11:28 am
we go outside the friendship has kind of grown into a family i was overseas on a deployment. i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training mission. did a military freefall, and i had some faulty equipment. i hit the ground. going, 30 to 40 knots and was instantly paralyzed. i met jack fanning when he invited us to park city, utah, through his foundation. i was able to actually get on the mountain and ski with my family, i can't put into words what that meant. i got paid in the military to do crazy fun stuff. and after my accident, i'm still that same guy. and when i was able to jump out of a perfectly good, helicopter, at 10,000 feet, i did it. i was talking to some vets last week
11:29 am
amazing how we have these houses where they can come over because they■re in chairs too. carpet and wheelchairs don't mix very well. tunnel to towers, they got rid of all that. they redid my whole bathroom. that's probably the favorite part of my house. i thought they were just going to do the upgrades. but the surprise to me was they paid off the entire mortgage. when they told me they're going to pay off my mortgage, i cried. please contribute $11 a month by visiting t2t.org now ♪ i have type 2 diabetes, but i manage it well ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart ♪ ♪ as time went on, it was easy to seeee ♪ ♪ i'm lowering my a1c ♪ jardiance works 24/7 in your body to flush out some sugar. and for adults with type two diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too.
11:30 am
serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital, yeast, or urinary tract infections. a rare, life threatening bacterial infection in the skin of the perineum could occur. stop jardiance and call your doctor right away. if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell ♪ stuart: this just coming to us, vice president harris will reportedly tour battleground states next week with her vice presidential candidate. the the short list of harris possible vp picks is senator peters, arizona senator mark kelly, minnesota governor tim walt, pete buttigieg and
11:31 am
pennsylvania governor josh shapiro. she's not yet decided but she will soon and she'll take that person with her to batted l ground states next week. there you have it. check those marks. where are we now? we're down certainly on the nasdaq. off 160 points there. 62 up for the nasdaq. and mike murphy with me. you sold meta a long time ago, didn't you? >> back before it was meta. when it was facebook. i owned the stock since the ipo literally and had a huge run with it, but then when the company got very political, and political toward one side, i thought it was going to impact the company negatively. now, since i sold, it's continued to go up and i think at some point, all this news about meta suppressing any viewpoint they don't agree with politically, at some point that'll bite them. stuart: zuckerberg is not favored with trump. >> no, but he came out and said how amazing trump was for getting up and rallying and
11:32 am
feeling like a true american and he felt so proud to see that. those words came out of mark zuckerberg's mouth, roughly those words. interesting so i don't know if he's coming around a little. stuart: crowd strike, are they going to get sued in >> they're getting sued and the stock continues to lose value. we talked about it a week or so ago after the first drop and now the problem here, all though it's down again today, we don't know what the potential liability is for the company. cybersecurity is a huge area, and this has been aigrette company going forward and we have to see what the liability is. stuart: you need a number. what's the payout? you've got that number and can move? >> exactly. stuart: thanks, mike. starter homes cost over $1 million in hundreds of cities across the country. ouch. lydia hu is with me. lydia, how many of those cities are in california? reporter: a whole lot, stuart. 105 cities in california. the golden state has more cities with $1 million starter homes
11:33 am
than any other state take a look at this. starter homes hit the $1 million mark in 241 cities across the country. florida and new york have 22 cities and you can see here, a lot of coastal states are highlighted but we're also seeing some states in middle america: tennessee, minnesota, nevada. almost half of states in the country have at least one city where starter homes come at that eye popping price tag. stuart, today we got a fresh read on home prices. prices were up 6.8% over the last 12 months ending in may. that's an increase higher than what was expected and still it's slower from the previous month of 7.3%. that slowing and prices rising probably related to this higher interest rate environment. we're moving away from 7% 30-year mortgages and 6.78%. some say don't expect any significant relief from home prices while the housing supply
11:34 am
remains tight. watch. vascularized we're going to see home prices maintain unless we see a really significant surge in construction and that's sustained over several years and we've got a big hole to build out of. i don't see us digging out of it any time soon. reporter: there's demand for homes and higher home prices are keeping first time home buyers on the sidelines for longer. according to zillow, median age for first time home buyer was 35 years old last year and a year older than it was in 2019. just hard tore get that home, stuart. stuart: why am i not surprised. lydia, thank you very much indeed. by the way, we got the latest read on job openings, 8.14 million job openings in june. you were with the trump campaign one time ago?
11:35 am
>> that's campaign, but economic council. stuart: superior position, joe. what's the report tell you about the state of the labor market? >> labor market, stuart, is slowing and still holding but it's slowing. in particular the job openings rate in construction plunged down almost a point and that's important because listening about housing. housing affordable at all time low and all these construction jobs. i worry at some point we'll start losing those jobs and that could push the unemployment rate up near 5%. so the jolts looks okay but that construction piece looking weak and that's the indicator. stuart: signal that the economy is slowing, overall slowing? >> i believe so despite the gdp numbers and we don't have q2 data but the income side of the economy, which is based on tax receipts which i believe the data are more durable has shown significant weakness relative to gdp numbers, which is happening to be more popular. stuart: janet yellen, treasury secretary, has been accused of
11:36 am
manipulating the economy because it's an election year. now, she denies that, but she's accused of doing that. she's accused of keeping long term rating down to help the democrats in this election year. any truth to that 124 >> i don't know. what i would watch is the treasury operating balance. right now about $800 billion and normally the treasury wants to keep it somewhere around that number, give or take a couple hundred billion. if that balance is run down into november, i don't think tissue, but if it were, that certainly would fuel some of these theories perhaps that the treasury is being political. at this point-blank layups, we can't say -- point we can't say but i'd want to watch that . treasury yield on the screen and see that yield keep oncoming down? >> right now the 10 year about where we think fair value is between 4 and 420. we're kind of in that range and that's because we think inflation will eventually move lower because the economy is
11:37 am
weaker than the official data shows. what's interesting, stuart, the fed bought into easing for reasons that aren't exactly obvious following rhetoric. i've long believed the fed should lower rates because of inverted yield curve and high dollar, but they're now pivoting and we'll see how rate cuts we get. if the dead cuts more, the 10-year might sell off with a risk premium and fear inflation could reaccelerate again. stuart: worry about politicized fed and treasury. joe, thank you for joining us this morning. >> yes, sir. stuart: coming up, historian correctly predicted nine of the last ten elections and made his prediction this year. microsoft reports after the bell today and could be the most earnings reports of the quarter. tech analyst takes that on next. ♪
11:38 am
11:39 am
power outages can be unpredictable, inconvenient,
11:40 am
and disruptive to your life, posing a real threat to your family's comfort and safety. when the power goes out, you have no lights, no refrigeration, no heating or air conditioning. the winds are not letting up at all here. we're going to see some power outages. number one thing to prepare for is extended power outages. are you prepared? you can be with a generac home standby generator. when a power outage occurs, your generac home standby generator automatically powers up, using your home's existing natural gas or propane, so your life goes on without disruption. you and your family are comfortable, safe, and secure. stay tuned, to get over a $500 value free on the most popular home standby generator in the world. with the generac, we don't have to worry about whether we lose power or not. if the utility company does not come through, our generac does. having a generac takes a lot of the anxiety out of, there's going to be a storm.
11:41 am
after the hurricane happened, we just want to be prepared for anything. generac generators are designed, engineered and built in the usa. 8 out of 10 home generators are generac, and have thousands of satisfied customers. how many times have you heard people say, i never want to go through that again? well, the next time you go through it, don't make it so hard on yourself. have a generac home standby generator. call or go online now to request your free quote with one of generac's nationwide dealers. special financing and low monthly payment options are available, and if you call now, you will also receive a free 5 year warranty valued at over $500. the call is free, the quote is free, and there's no obligation to buy. call or go online now, so the next time there's a power outage, your home powers up. power your life with generac. call or go online to request your free quote today.
11:42 am
stuart: the man that shot trump conducted a drone flight and acting secret service director said the flight may have been missed and cellular bandwidth issues. >> what if we had geolocated him and that counter uas platform was up? it is something that i have struggled with to understand. and i have no -- no explanation for it. we could have perhaps found him. we could have maybe stopped him and maybe on that particular day, he would have decided this isn't the day to do it because
11:43 am
law enforcement found my drone. stuart: there are already procedural changes in place to make sure bandwidth issue doesn't happen again. bring you more update as they occur from the testimony. microsoft reports earnings after the bell and microsoft analyst joining me now. beth, i see microsoft down and falling and investigating outages in outlook, word and excel. could that be a significant negative for microsoft? >> hi, stuart. i see any dips as a buying opportunity for microsoft. it was known as bell weather for cloud and it's now the bell weather for ai progress. this company quantifies the amount of ai revenue it has at seven points. that's about $5 billion a year. they're able to say, hey, we spend $13 billion a quarter but we're already making money. we're making more than our peers. give me outages and give me
11:44 am
those very minor headline news and they're only getting in the way of the big picture. stuart: microsoft ai adding to the bottom line and you see very positive they'll have a very good report; correct? >> i can say we'll have a very good report and strongest report in my estimation will come from microsoft and to do that ai progress, you can't understand estimate the relationship that they have with openai and poults them leaps and bounds ahead of compancompanies. valuations are quite high and don't know what the price action will look like. i expect the report to come in line. stuart: do you have a long term price target for microsoft like the next 12 months, where's it going? >> i would wide than out and say that i think by 2027, microsoft
11:45 am
azure passes aws to a $200 billion price segment and price could double by then. stuart: okay, interesting concept. doubling for -- i own a thin sliver of microsoft and i'm all aeros for what you have -- ears for what you have to say. apple reports thursday. what do you have to say? >> the street is excited about the apple intelligence on the iphone and hardware that drove upside over the last ten years in the market. we would say be a little cautious and fallen out of top five in china and they've pushed back apple intelligence by a month. ultimately we like 2025 a lot better for apple. stuart: beth kindig, short, sharp, and to the point. perfect for television. if you're not careful, you'll be invited back. beth, thank you very much for being here with us. now this, apple relied on chips designed by google rather than nvidia to build the ai software.
11:46 am
why did they go with google? lauren: none of the companies commented on the riders report and one assumes apple chose google for availability of the chips. according to apple research paper, apple used google chips to train two of the newest ai features. apple intelligence, their ai unveiled last month and some beta testing starts this week. so it's coming, it's coming fast, but it has google chips. stuart: what's beta testing? >> just testing in house to see -- stuart: fancy jargon to confuse everybody. >> yeah, but nvidia stock down 20% from the highs so big selloff there and a lot of people saying i missed nvidia, when can i get back in? down another 6.5% today. stuart: 104 on nvidia. thank you, mike. time to show you the dow 30, a sense of the market. okay. the dow is actually up 20 points, but you've got majority of the dow 30 in the green.
11:47 am
that's strange. a split market. next case, jd vance's childless cat lady comments are coming back to haunt him. he refuses to apologize or walk them back and wall street journal editorial board alicia finley says that's the wrong move. she's here and that's next. ♪ [door creaks open] [floor creaks] [door creaks shut] (♪) (♪) (♪)
11:48 am
relax, you booked a vrbo. (♪)
11:49 am
11:50 am
ryan t. writes, "moving is stressful. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet.
11:51 am
this will move the internet. ♪ ♪ ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the best in home wifi. easily transfer your services in the xfinity app. bring on the good stuff. ♪ stuart: donald trump is defending jd vance over his cat lady comments. watch this. >> what do you say to women out there watching that might not have kids? >> i think they understand that the democrats are good at spinning things differently from what they were. all he said is he does like -- for him, he likes family. i think a lot of people like family and sometimes it doesn't work out .x you know why it doesn't, you don't meet the right person or don't meet any person, but you're just as good as even better than a person in a family situation but they took
11:52 am
it and spun it differently. stuart: take a look at op ed from "the wall street journal". indefenseable kamala harris and childless cat ladies and someone tell jd vance not bearing children doesn't define their degree of womanhood or patriotism. allysia, you don't think much of vance's comments but do you take his explanation? gee did a better job covering umm for vance than vance did himself. he's inclined to dig in and hasn't apologized for it and blamed the media to some extent like donald trump has, but at least trump tried to write a nuance and caveat and sometimes people are sing and will childless and better they're that way rather than rushing to get into a bad marriage. i think the problem here is that vance hasn't apologized and said, well, i misspoke.
11:53 am
i was a little too snide and said he was sarcastic and implies there was irony in his remarks in which there wasn't. he'd do himself tremendous benefit to apologize and that's something that women really appreciate. stuart: okay. from a woman's point of view, you think that vance's comments were that bad, a real turnoff because you went after him in your column. >> right, they were snide and demeaning and even for women both who have children and do not, it showed a disrespect for women in their own choices and life paths and not only choices but again, life paths. sometimes we don't get to make our decisions and sometimes people don't get married till later in life like kamala harris, and they don't really have a choice to have children. they could and could have them single but i don't think jd vance would approve of that either. stuart: a democrat pack released an ad of attacking maga men saying they want to control what
11:54 am
happens in your bedroom. roll tape. >> us maga republicans banned abortion but that's just the start. >> that's just the start. >> if trump gets elected, we want the government involved in all aspects of your sex life. stuart: it's downhill or uphill from there. i'm not quite sure which. allysia, where are we in politics and calling each other names and questioning each other's habits. what's going on here? >> i think that is an ad to use democratic word is just weird. they're trying it appeal to young single women that are worry that had democrats or rather republicans are trying to control their reproduction and all that . i don't think it's going to play well. i think it's a little over the top. people understand that donald trump is not a socially concerned guy and leave abortion to the states and no one is talking about banning contraceps or even ivf and senate
11:55 am
republican haves come out saying they support women's right to contraception and ivf and also to that, no one is talking about banning porn or anything like that either. stuart: got it. allysia finley, wall street journal. we'll see you again real soon. now, there's a historian that's correctly predicted almost every election since 1984 and revealing who is going to win: trump harris matchup. who is he saying wins? lauren: kamala harris and he's allen lickman and labeled nosotravion green data committee mouse and not making final prediction till after the dnc but says "a lot would have to go wrong for harris to lose"like social unrest at dnc next month, a foreign failure, arguably we have two, and a stronger third party candidate in rfk jr.. stuart: okay. got it. thanks a lot. now going to the tuesday trivia question. which of the following was not
11:56 am
one of the first four jell-o flavors? cherry, strawberry, orange, raspberry? the answer when we come back. ♪ you ever try cashbacking? .. wait! that's all for a first date? whoa. alright, c'mon earn big with chase freedom unlimited with no annual fee. how do you cashback? did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com things will go wrong for your customers.
11:57 am
but your business can make it right, with watsonx assistant. ai that can help resolve problems by understanding your customer requests with 90 percent accuracy. let's create customer service in service of customers, with watsonx assistant. ibm. let's create. hi, i'm sally. i'm from phoenix, arizona. i'm a flight nurse on a helicopter that specializes in trauma. i've been doing flight nursing for 24 years. i had a fear that i wouldn't be able to keep up. i wanted all the boost i could get! i heard about prevagen from a friend. i read the clinical study on it and it had good reviews. i've been taking prevagen now for five years and it's really helped me stay sharp and present. it's really worked for me. prevagen. at stores everywhere without a prescription.
11:58 am
do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate
11:59 am
cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
12:00 pm
stuart: we asked which of the following was not one of the first four jell-o flavors. cherry, strawberry, orange, raspberry. a compelling question. ashley: it is cherry or raspberry. i'm going number 4. raspberry. stuart: all right. >> they are all bread except for number 3. stuart: i am doing that. i was going to say cherry. in 1897 you could get a box of jell-o for $0.10. the original statement was america's most favorite dessert. time is up for "varney and company". coast-to-coast starts now.

31 Views

info Stream Only

Uploaded by TV Archive on