Skip to main content

tv   Varney Company  FOX Business  August 9, 2024 11:00am-12:00pm EDT

11:00 am
gs at golo. don't settle for starvation and yo-yo dieting, create your own success story with golo. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo. voya, well planned, well invested, well protected. ♪ >> kamala harris has not held a single solo press conference on u.s. domestic soil in the five years plus since she first announced she was running for president. >> i don't think it's settling down for a while yet. remember, we're in a seasonally weak period of time anyway in
11:01 am
the market. >> i hope the american people are smart enough, speaking of smart, to actually demand that that someone who wants to be the ceo has to answer questions. >> the consumer got soft on ralph in the month of july. we need to figure out whether we're dealing with a summer rainstorm or a hurricane. >> what they've done is they've forced the economy into a less efficient place, and that's what's driving prices up. >> there's so much to attack kamala harris for on her policies which, half of which she's disavowed now. the key getting her to take a position, stake a stick to it. >> people trying to predict what the market will be ten years out is really folly. this is a bull market. it will continue after the correction's over. ♪ ♪ i want to step out down the champs-élysées. stuart: they're playing this music because i'm about to to
11:02 am
opine on to olympics. [speaking french] if fred astaire, ah, the greatest dancer of all time, in my opinion. you don't even know who he is. lauren: i know who he is. there's several dance studios named after him. [laughter] stuart: all right. lauren: one right in my neighborhood. stuart: you've got to watch that guy. lauren: tringing toes. stuart: it is 11:00 eastern time, friday, august the 9th. the markets are now showing some green. no red at this moment in time. don't know how we're going to close. dow's up 30, nasdaq up 25. have a look at a big tech, please. most of them are up. amazon, apple, microsoft up, nvidia, alphabet down. the yield on the 10-year treasury has been falling this morning, retreating from that 4% level. you're back to 3.99 4 on the 10-year -- 3.94 on the 10-year at this molt. now this. the paris olympics are almost over. i think they've been a wild
11:03 am
success. so much so they may have resurrected to olympic movement. last time around in tokyo the entire event was upended by covid restrictions, but in paris the whole city became the backdrop for the world's greatest athletes. i think it worked. there were the inevitable controversies. the mockery directed at christianity in the opening ceremony, that was tasteless and offensive. the organized disruption of the train system just as the games started, it was disturbing, but its impact was minimal. gender confusion in the women's boxing event, that made brief headlines. and the belgians, they took their team out of the triathlon because one athlete got sick swimming in the river seine, but the athletes and the city transcended it all. who's going to forget the incomparable simone biles or katie ledecky or noah lyles taking the bronze in the 200 meters when he had covid. every four years we get to see sports that we only see every
11:04 am
four years. i don't spend much time watching table tennis, synchronized swimming, men's field hockey or women's pole vault, but i enjoyed them this time around. and then there was the air pistol shooting event turning up without almost any equipment. with one hand he shot his way to silver, a tar overnight. there -- a star overnight. there have been many questions about whether hosting to olympics is worth it. they're very expensive, and when they're over, the host city is often a left with a pile of debt. to me, the olympics with was worth it, it can work if done properly. in 2028 the games will be held in los angeles. and here is our california guy, steve hilton. steve, in 1984 the l.a. olympics turned a profit. [laughter] can california do that again four years from now? >> well, bonjour, stuart, i guess we should start by saying. [laughter] i think so.
11:05 am
i agree with what you're saying, and i want to look back briefly, because the 2012 olympics in london were a huge success for london and the u.k. i was modestly involved in that. i was working in 10 downing street at the time and, in fact, i was the guy that they put on the team to work with the directors of the opening ceremony. and so my job was really to stop the bureaucrats messing it up. but we never had anything offensive in that, i should hasten to add. but i do remember it was a huge success. looking forward to los angeles, i think the reason that actually you could see it be yet another success, even more so than paris, is that the organizers have very sensibly said -- and this was part of the bid -- we're not going to build any massive, me venues. -- new venues. we're going to use the sporting venues we already have in southern california and in the los angeles area to host these events. and so we're not going to spend money on white elephants that are built just for the games and then fall into disrepair which used to be the way it was done.
11:06 am
so i'm looking forward to it. i think it's going to be great. stuart yeah. i might even visit if i'm still around at that a point. [laughter] governor gavin newsom ordered homeless encampments to be torn down all across california, and he was spotted personally clearing up those camps this week. now, was that just a photo op op, or is there something going on here? >> basically, yes. there's much less to this than meets the eye. by the way, if there's one thing that finally might mean that the homeless situation is cleaned up in california, maybe it's the 2028 olympics. they'll do it by then if not before. look, the truth is that the announcement that he recently made was more spin than substance. it wasn't actually ordering the clear-up across the state, it was ordering state agencies to draw up plans and, of course, most of the issue is in the hands of cities and counties. but the real issue here is that for decades now in california you've had this homeless crisis get worse as a direct result of democrat policies. policies on housing which means
11:07 am
they're so expensive to build anything because of the environmental regulations and the taxes that are charged on us house building, there's not enough homes for people, but even more, the actual homeless crisis itself. there's a law in california called housing first which makes it illegal to get homeless people the mental health treatment they need and to require sobriety to get them off drugs. and given that the estimates are that roughly 80% of people homeless are suffering from some combination of mental illness and aa diction, it is a total disaster. they've actually made it illegal to solve the problem, anding nothing we've seen either in this photo op or in recent weeks is changing the fundamental problem which is this tubed policy, housing first. stuart: maybe they'll clean it up for the 2028 los angeles olympics. who knows? >> exactly. stuart: you have a great weekend, and we'll see you next week. thank you, steve. >> thank you, stu. stuart: lou basenese with me for the hour just to see what's
11:08 am
going on here. at this moment we've got green. lou, earlier this morning the great investor, entrepreneur, ken fisher, he was on the show. and he said this is a correction. it's not the start of a new bear market. what a say you? >> agree 100%. i mean, we started this week in the back of an ambulance on the way to the emergency room, walking out and going for a weekend at bernie's. we've gained back pretty much everything we had lost as a if it never happened. and here's the thing, bear markets don't start when the economy's going along at a 2-3% clip and growing. i didn't start when corporate profits are up by double digits like they were in q2 and they're expected in q23 and q4. -- q3 and q4. we've gotten the better jobs data this week as we suggested might happen on monday, and it all is calm again on the western front -- stuart: so an emergency rate cut by the federal reserve, that's off the table. >> completely. i think we're going to get ppi and cpi next week that are going to stay in line, it's going to be a little bit higher than the
11:09 am
fed target, that's going to give them the cover to say, hey, we're going to wait until september. it's a question of 25 or 50 basis points in september, that's the debate. stuart: we've had a lot of folks on the show saying when the fear index, what's it calls, the vix -- >> the vix volatility index. stuart: when that's riding high, that's the time to buy. but i put it to you, you've got to have a strong stomach -- >> ironclad stomach. this is the difficulty in investing which i've learned over 25 years, you've got to separate the emotion from the action. if you just look at the data and we use that as a guide, when the vix spikes like it did one week, three weeks, four months, six months and twelve months later, the markets have always been higher. it's a great call to be greedy when others are fearful, it really is. it sounds very simple, but we know from being investors it's really hard to hit that buy button when everything's going down. stuart: yes, it is, it really is, especially at my age. >> the worst thing you can do is hit the sell button. even if you don't have the courage to add to positions,
11:10 am
please, don't hit the sell button. stuart: but one of these days we're going to get a huge selloff, and it doesn't come back -- >> i disagree. look at the long-term chart of the markets. it's up and to the right. we suffered the 1987 crash, up and to the right. covid crash, up and to the right. the dot.com era, up and to the right. the markets are forward looking, on the to mists -- optists, perma bears are right every once in a while. stuart: i remember the early 1970s. >> i don't. i wasn't around. [laughter] stuart: i do, and it went gnat for the entire decade. i don't remember the '29 crash, but the market did nothing for 20 years. >> but remember, sir john templeton after the '29 crash bought $100port of stocks and made millions coming out of it. stuart: and he lived long enough to enjoy them. all right, lou, stay there. more for you later. we have an intriguing story about travel. lauren: i don't get it. stuart: no, neither do -- travel's supposed on down. education media's a travel company, but they're up 8% --
11:11 am
expedia. lauren: and they said travel is softening, but we've been it would that by airbnb and some other travel companies, so when expedia comes out and reports stronger profits and says international demand is holding up, the market cheers. stuart: trade desk. don't they do digital ads? lauren: correct. they do business with netflix. so many people cutting the cord, they're helping get viewers' eyes, brands to wear -- where the viewer is on the computer, if you will. sales rose by 26% in the quarter. they also use artificial intelligence to better target brands to the right audience. >> which is what with we saw with meta's results. stuart: that's true. sweet green. i've got myself into trouble -- lauren: rabbit food, go ahead. stuart: i should never do that, of course. i do apologize. lauren: they sell steak now and tons of other protein. stuart: the stock is up 23% --
11:12 am
lauren: i know. the loss was narrower than expected, their sales jumpedded by 21%. their same-store sales jumped by 9% which was triple the percentage a year ago that they increased, and they are based in, i believe, los angeles, but someplace in california. and, hey, i mean, in hollywood they spend a lot of money for salads. stuart: i bet you a salad there is $12. >> more. absolutely, closer to $15, 16 or 20. lauren: yeah. one of our guests have two a day. stuart: i know. [laughter] coming up, voters are taking a look at minnesota's economy to get a sense of what policies might look like in the harris-walz administration. we'll tell you what grade tim walz gets on his economic report card. the u.s. is sending a warning to iran, there'll be serious risk if they launch a major attack on israel. does retired lieutenant general keith kellogg still think we should go on offense with iran is? the general responds. he's next. ♪ ♪
11:13 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.
11:14 am
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 it's pods biggest sale of the summer is extended. save up to 25% on moving and storage until august 12 and see why pods has been trusted with over 6 million moves. but don't wait, use promo code big25 to save. visit pods.com today.
11:15 am
11:16 am
with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place?
11:17 am
show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. ♪ stuart: iran is preparing an attack on israel in retaliation for the assassination of a senior hamas leader. griff jenkins at the white house nurse. griff, what is kamala harris' position on israel? >> reporter: well, stu, that's a great question, and it's on the minds of every world leader. and the answer is unclear. harris has yet to lay out a broad policy agenda after becoming the nominee or even indicate how she would approach the middle east as president. now, her team is struggling with the issue, because they spent yesterday walking back whether she told an anti9-israel group in michigan called the uncommitted movement she'd be willing to consider an arms
11:18 am
embargo on israel. on wednesday "the new york times" reported she would, then yesterday her national security adviser, phil gordon, posted she, quote, does not support an arms embargo on israel. now, the cofounders of this 100,000 strong group that includes the sister of rep rashida tlaib, briefly encountered harris at a rally and had this to stay. >> this movement has always been about policy shift. about policy change, about saving palestinian lives in the immediate. >> we want her to stop sending bombs to kill people we love. >> reporter: and, stu, this comes after harris drew widespread criticism for skipping benjamin netanyahu's address to congress when our closest ally in the middle east is facing an existential threat. add to that the lingering questions over harris' running mate decision. >> again, one glimpse that we have about her on policy is the whole decision that she made about who is going to be her vp. i mean, she passed on governor shapiro in part to a placate the
11:19 am
hamas wing of the democrat party. >> reporter: and the pressure doesn't stop there, stu. she'll be met by those anti-israel protesters at at the dnc, many of which were in the streets of d.c. in july when i was out with them. they told me they'll be out in full force. stu? stuart: griff, got it. now this, the white house is warning iran of serious risks if it launches any major attacks on israel. lieutenant general keith kellogg joining me now. general, do you still think we should go on offense against iran and hit them? >> hi, stuart, thanks for having me. well, the first thing we ought to do is diplomatically go on offense. and having an unname advisor in the "wall street journal" say don't do this means nothing to our adversaries. it doesn't send a message. when you look at preventing a war, you have to have deterrence. the deterrence is based on credible, and the two underpinnings of credibility are capability, which we do have in the middle east with the carrier
11:20 am
battle group, or -- group the tr, and also the am amphibious ready group, but we have seen no political will to to get solve so involved in in this in a hard way. the israelis have going against the houthis, against hezbollah, against hamas. it's been nine days since that attack in iran which killed the leader of hamas, and even the new president of iran, i'm sorry, has a said to the supreme leader, don't do this. so you don't know where they're going to go, and i think they're a little bit concerned where the where are the israelis going to go. and i think our threats ring hollow. what they're afraid of, they the iranian, are afraid of what kind of response the israelis will have. and i think that's good. you have to have a strong deterrence. they have shown that. we're kind of standing back and making sure something bad doesn't happen. look, here's the tell where i come from. we recently had americans killed in the 9, october, event in
11:21 am
israel. there are still five american hostages. we haven't done anything. and just recently, we had americans wounded when pro-iranian militia attacked thal as cad -- the al assad air base. we didn't do anything, we didn't say anything. when i read things like this in the "wall street journal," i just kind of say, yep, okay. seen this play before. doesn't make any sense. stuart: okay. change the theater. fighting inside russia continues for a third day. ukrainian troops stormed into kerrsing, i believe that's part of russia, and ukrainian troops are right there now. is this a turning point in ukraine? >> yeah. you know, this is really interesting to watch, stuart, because what the ukrainians did was they achieved operational surprise. the province is a little bit to the west of where the major fighting so occurring, and there's really no depth of russian forces there. what that has done is that has a put the russians on their back
11:22 am
foot. heir going to have to shift and move forces. the big question is, what are they doing? it was a limited raid, you know, 5 kilometers, 10 kilometers. that's different. they have gone deep. so are they going in there to hang on to territory as part of a quid pro quo? it's a really gutty move, and we're going to have to see how the russians respond to it. it's really clear to me that the ukrainians have done something they haven't done in the last few months, they actually attacked into a weak spot into russia that was really unprotected, and it took a lot of guts to do it. stuart: and i'm told they used russian -- american and german equipment to get inside russia. that's accurate? so they needed our support, our weapons to get into russia and surprise 'em, right? >> well, yeah. they've used the m1, a10, the bradley fighting vehicle, the tanks that the germans have given them, and they've pushed forward. it also shows a will to do
11:23 am
something that the russians didn't expect. what are the are russians going to do now, that's the next question, how will the russians react to this incursion. i'll tell you, stuart, this is not a minor incursion. when you go 15, 20, 25 mile into someone else's territory, in ths is a serious attack. let's see what the russians do. i think it's a very good operational move by the ukrainians. it's going to force the russians to do something. they caught them totally by surprise. they're going to have to shift forces because they may be stay thing there for a while or, more importantly, they may be going even deeper into russia. that would be a total -- stuart: oh, that's -- we will follow that one. kiel keith kellogg, always a pleasure. thanks for joining us, sir. see you soon. according to microsoft, iran is ramping up its cyber attacks. ashley, what are they up to? ashley: trying to influence the upcoming u.s. election using, among other things, e-mail phishing attacks. microsoft says iranian actors
11:24 am
have spent recent months creating fake news sites and impersonating activists all intended to stoke division and try to sway american voters especially in swing states. u.s. officials have previously hinted that iran particularly opposes former president trump. the microsoft report says it's not just iran using cyber influence, russian hackers are also operating campaigns focusing on the u.s. election, and china is taking advantage of pro-palestinian protests to try to raise u.s. political tensions. iran, not surprisingly, denies any attempts to interfere. stu. stuart: got it. thanks, ash. russia has been hit with a major youtube outage. why is that important? lauren: i'm surprised youtube is even allowed in russia because that's a place where opponents of the kremlin broadcast, right? they broadcast their dissent. it's a place for free speech, in other words.
11:25 am
there was a widespread disruption. it started yesterday morning in russia. users saw either their speeds were so slow or they wouldn't load entirely on both desktop and mobile. it did work on the vpns, the virtual private networks, which is interesting. and fishy. stuart: so is the suspicion that the the russians themselves shut down youtube because they didn't like what was on it? the. lauren: russia will say, no, it's google's fault. hay don't have the right infrastructure. stuart: of course. i need a closer look at big tech, please, this action this morning. amazon and apple are up, microsoft if up at 404. nvidia down just a few cents, that's all, and alphabet is down $2, down 2.929. show me the 2-year treasury, please. we usually concentrate on the 10-year, but the 2-year, that's back right at 4%, 4.03%. and the price of gold, we haven't checked that this morning, 2468, up another $5. there you have it. coming up, a california
11:26 am
county tried to get camping world to the take down its iconic giant american flag. they call it a permitting issue. the ceo says it's not coming down. a weakening consumer and a softening job market are sparking fears that we're tiahrting on the edge of a recession. -- teetering. is that how former cke restaurant chief andy puzder sees it? i'm going to ask him. andy's next. ♪
11:27 am
there are many ways to do things. at old dominion freight line, we do them this way. this way has people who start early. people who care and inspire each other to do things the way they should be done. this way uses technology (♪) and goes the extra mile (♪) to deliver your promises on-time, every time. this way is why we're the number one national ltl carrier for quality. for us, this way is the right way which is why it's the only way we go. ♪ when the sawdust settles and the engine finally roars the thing you care about most is a job well done. ♪ but when you get your tools from harbor freight something about the job feels a little different
11:28 am
- your wallet. because we believe no matter what you're working on you need high quality tools at a great price. and that's what we're all about. ♪ whatever you do, do it for less, at harbor freight. ♪
11:29 am
olukai sandals capture the feeling of stepping barefoot into wet sand. the perfect balance of instant comfort and lasting support. say aloha to olukai. anywhere comfort. anywhere aloha. (♪) it's time to feed the dogs real food in the right amount. a healthy weight can help dogs live a longer and happier life. the farmer's dog makes weight management easy with fresh food pre-portioned for your dog's needs. it's an idea whose time has come.
11:30 am
stuart: on the market this morning, we've got a tiny downside move for the dow, a tiny upside move for the s&p and for the nasdaq. not much price movement after an extremely volatile week. lou basenese is with us. a most interesting stock pick from lou this morning, almost predictable -- [laughter] no, no, no, no, eli lilly. kudos to you, you're looking for eli lilly months ago. >> it was in the beginning of january, and people said it was overvalued, but i said it was still in the early innings of growth. and i told you on monday that a strong report could bolster the markets, and that's exactly what we got. sales up 36%, profits up almost double that. and it's not just their weight
11:31 am
loss and obesity drugs. they have an anticancer drug and a colitis drug that have added billions to their sales. still very early on. if you look at zepbound, their obesity drug, they started filling prescriptions in november last year, this is a trend that's going to play out, and this is how you invest over the long term, find thematic trends, get in on them early and ride them until they don't work anymore -- stuart: yeah, but it just sounds like the pop that we had for nvidia. i mean, we've got people on the street predicting $1100 a share for eli lilly. >> i think this is the next trillion dollar stock and largely driven by hedge funds. if you look at microsoft or nvidia, 40% is hedge fund owners, so this is the next big hedge fund stock. stuart: you've been right so far. kudos to you. voters are examining tim walz's track record in minnesota to see how a harris-walds administration -- walz
11:32 am
administration would handle the economy. lydia hu, what grade does get on an economic report card? >> reporter: i think we could ask any of the minnesotans who have left the state, and they would probably give it a failing grade, right? they probably weren't very happy. and we do see that there was a jump in the exodus by higher income households during walz's tenure. households are -- with roughly $5 billion in adjusted gross income left minnesota for other states. in 2022, minnesota ranked 8th in the country for income loss coming in after other high-tax states like illinois, new york, california, you know 'em. all those folks leaving for states like florida. many say that the migration was driven by waltz's -- walz's tax hike on the state's high income households and businesses. he did, after all, create a 1 surcharge on investment income over a million dollars, he reduced standard deductions for businesses. why? well, his state needed money to pay for other programs like the child tax credit.
11:33 am
he created the largest state child tax credit in the nation according to the tax policy center. kids are eligible for up to $11,750. -- 1,7500. when people leave the state, what happens? it makes it harder to grow business, and minnesota has grown jobs by with only 1.6% -- 1.4% under walz's tenure, lacking the national growth. and when we take a look at the quality of the jobs, there's some concern there. nearly all of them have been added in industries that rely on government spending; health care, social assistance, government. the top adders there. and so when we think about the u.s. economy, we know there's a lot of concern, so when you think about minnesota's economy, you probably would be concerned there. take a look at their gdp, it's only grown by 6.2% when the u.s. economy has grown by 11.5% during that same time as measured by the gb -- gdp. stuart: not quite a aa+if.
11:34 am
>> reporter: i don't think so. i know you want a straight answer. stuart: have you got one? >> reporter: i'm not, but maybe someone from minnesota, call in. stuart: well done. good stuff. a take a look at this headline from "the wall street journal,"s has the u.s. economy reached a tipping point? former ceo of cke restaurants, andy puzder, joins me now. all right, andy, let's lay this out. fast food restaurants are bringing babb value meals. demand for disney's theme parks is weakening, and the latest jobs report shows a softening labor market. are we at the tipping of a -- point of a recession, towards recession? >> as you know, about two-thirds of our economic growth depends on the consumer, and the consumer, because of the past three and a half, four years, the inflationary trends, having been told that inflation was going to be transitory so they weren't very worried about it, people have exhausted their savings accounts. we've seen credit card debt as high as it's ever been, and credit card defaults are way up. auto loan defaults are wane. last time i was on the show, we
11:35 am
talked about 78% of americans viewing a fast food restaurant purchase, a purchase at mcdonald's, for example, as a luxury purchase. there was a report the other day from credit karma that said that 50% of parents are going to be cutting back on essentials this year to get school supplies for their kids. so the american consumer's many bad shape. the attitude is bad. their confidence going forward we're going to get back to where we were say, me-pandemic -- pre-pandemic, back to 2019's glowing economy, i think those dreams are beginning to fade, and people cutting back. stuart: i want to show you some of the democrat party's platform from 1992. the number one priority was growing jobs and the economy, they rejected the idea of big government and the idea of taxing and spending your way to prosperity. they promoted free enterprise. they also a called to cut, cut non-productive federal programs. andy, those sound a lot like what the democrats, the democrats are now calling maga.
11:36 am
the democrats have really changed a lot over the last 30 years, haven't they? >> yeah. well, you think back to bill clinton, bill clinton stood up in 1996 and said the era of big government is over. you know, he cut back regulations on banks, he cut capital gains taxes, worked with newt gingrich to balance the budget. those are all things that today you would consider republican. you wouldn't consider bill clinton's economic policies to be democrat policies at all. and there has been a huge switch. i think the american consumer is feeling the results of that switch. this is -- we're in, we're not heading for a very soft landing if we're going to have a soft landing at all. we've got 39 months with inflation over 3%. we've got the dollar's worth 25% less than it was 4 years ago. we've got a lot of ground to make up. we need those good free market economic policies we had back in the trump administration to get this, get this economy back on track. and i think voters are going to
11:37 am
recognize that. stuart: i do hope so. andy puzder, thanks for joining us. always good seeing you. >> thanks, stu. stuart: lou basenese, do you think we're on the verge of recession? >> no. there's nowhere we're near one. i think you're seeing some signs of weakening, some channel checks with some of my colleagues who are high-end builders, you're seeing restraint in consumer spending, but when we start talking about recession, it naturally changes people's habits. we saw this back in the beginning of 2022 when we got two consecutive quarters of negative gdp growth. we avoided recession seven. i think it's not a question of if, it's when, i don't think it's anytime soon, and i think it'll be short in duration because we've had a lot of layoffs going into 2023, corporate profitability's up, productive is up -- productivity is up, so mild recession when it hits, but i don't see it on the horizon. stuart: lou basenese, thank you. a camping world store in
11:38 am
california has been ordered to take down their giant american flag. ashley, what's the problem? ashley: it's california. the epicenter of red tape. [laughter] officials for zahn joaquin county in the central valley say the business failed to obtain a building permit for the flag. the county also says the flag pole could be dangerous because of its closeness to property lines and the nearby highway. camping world disagrees and has ordered the flag to be reinstalled saying if it were any other flag, they would probably have no problem taking it down, but they feel strongly about keeping the american flag flying no matter what. so what happened? well, the county has a backed down and has issued a building permit. just another day in the formerly golden state. [laughter] stu? stuart: i love it. thanks, ashley. coming up, have you ever wanted to own a bat used by babe
11:39 am
ruth? >> the sultan of swat -- do the king of crash. >> the colossus of clout. >> babe ruth! >> the great bambino! stuart: okay. welsh ken golden has a game-used bat from the great bam bean know up for auction. he's here, he's showing it off. he'll walk over to my set shortly, and we'll interview him and the bat. we'll be back. ♪ 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
11:40 am
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.
11:41 am
11:42 am
11:43 am
stuart: we're going to run through various or sectors of the market, start with banks. mostly up. morgan, gotman, citigroup, morgan stanley up, bofa down just a fraction. how about the cryptos? bitcoin coming in at $600,000. e -- 60,000. etherium, 25 -- 2570. both down a little. ken golden is back with iconic
11:44 am
memorabilia. ken, welcome back. gotta start with the baseball bat used by babe ruth sitting right there. >> sure. so this one is from9 1928. in that year the yankees won the world series. ruth hit 54 home runs, and and this is what they call a ruthian bat, it is a 40-plus ounce bat, 35 inches, great use. and this one is part of our best auction of the year which is called the golden 100 which is why we have so many different genres here, because it's the best items of various categories of collectibles. stuart: value? >> the value on this is probably about $175,000. stuart: 175 grand, okay. moving on to the a barcelona olympics gold medal. from whom? >> yes. stuart: who won it? >> so this is very special. this is a dream team gold medal. it is the only one that has ever come up for auction. s it is clyde drexler's personal medal that he was given for winning the olympics in 19932. the dream team, to me, is the
11:45 am
most important team of all time, the most important basketball team of all time because it made basketball a global sport. and this is a seven-figure piece. stuart: seven figures. >> yes. stuart: how much gold is actually in it? >> it's not all gold. i think the medals are gold-plaited. i think the current bidding is about $500,000. stuart: but it'll go up, you think. >> yes. stuart: i don't understand this one, "star wars" $1 million action figure. >> let me take off the gloves -- stuart tauter why are you laughing at me, lauren? >> this is the one everyone's going to remember. this is the single most valuable action figure that has ever been created in the history of mankind. it is a 1979 kenner prototype of boba fett from the original "star wars," the action figure. now, what happened was they were testing a rocket launcher. and, remember, this is for little kids. so you've to got the rocket pad
11:46 am
and you got the missiles that he was firing, and they were testing it. and on the back it's -- you see the j. if you zoom in, you can see the j. there are only three j slots in existence in the world, and this one is the highest graded, and it comes to us with the original designer's business card. it never made the market. they found out it was harmful to kids, and it was never released. so this is the holy grail of action figures. the current bid if on this, i believe, is $600,000. lauren: what? >> we expect this to go well over a million. for all of "star wars" collectors, that is easily, easily the holy grail without a close second. stuart: you really know how to talk up your product. [laughter] you really do. >> gotta learn about this stuff. stuart: we've got one last one. >> this is a show-stopper and, again, this is why i love the golden 100 because i can really -- it's not just cards, sports, comics, i can do
11:47 am
whatever i want. stuart: what is that? >> so this -- oh, my god, this is heavy. this is, like, 30 pounds. this is ric flair's nature boy robe. so this is the actual robe, it is photo matched to the 1980s, that ric flair wore. and if you look at it, it is so intricate with all the gem stones and all the lions and cheetahs and giraffes on it. this thing probably cost him back in the day about a $20,000 to make, and it is photo matched to the cover of a magazine i believe from 1984. but that is an absolute, absolute classic. [laughter] i've had so many people come to me, said i want to try on the ric flair robe. no, you can't do that. stuart: like i said, you know how to talk up your product. how much? >> the current bid on this is $80,000, we figure this one's going to go probably in the $150-200,000 range. and all of these items are part of the golden 100 at golden.com,
11:48 am
and the auction ends next saturday night. stuart: okay. good stuff, indeed. thanks for bringing it along. alwaysed good stuff. especially that robe. thank you, ken golden. [laughter] and, lou, thanks for sticking around for the hour. we always appreciate it. let's see, the dow 30, get that sense of the market. i'm not seeing much price change. i'm seeing an even split between winners and losers. the dow is up 20 points. remember, please, it was up 680 yesterday. no big pullback so far today. don't go anywhere, friday feedback is next. ♪ if we looked into each other's eyes -- ♪ we would never be far apart. ♪ and maybe love is the reason why muck for the first time ever, we're seeing it eye to eye ♪ ♪ it's our time ♪
11:49 am
♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. introducing new advil targeted relief. the only topical pain reliever with 4 powerful pain-fighting ingredients that start working on contact to target tough pain at the source. for up to 8 hours of powerful relief. new advil targeted relief. (aaron) i own a lot of businesses... so my tech and my network need to keep up. thank you, verizon business. (kevin) now our businesses get fast and reliable internet from the same network that powers our phones. (aaron) so whatever's next... we're cooking with fire. (vo) switch to the partner businesses rely on.
11:50 am
11:51 am
11:52 am
♪ she's the only one who really understands what gets me -- ♪ she thinks my tractor's sexy ♪ [laughter] stuart: as a tractor owner, i always like that song. okay. and by the way, you're looking at louisville, key. we just -- kentucky. we just showed you a babe bat,
11:53 am
so why not show you louisville? ashley and lauren, let's get started. you may have heard me earlier in the show say it was a bad move for donald trump to call kamala harris dumb. we're getting reaction from viewers to that. this comes from us from mike. you're absolutely correct, president trump should not be saying the insults and calling her dumb, president trump needs those independent voters who are on the fence. and this one's from john. he said, right. many of us find such remarks to be unduly personal, crude and boorish. thanks to all a of you for responding to my comment. now, we have a regular e-mail coming to us from roj proker. stuart, i've always a been curious ma we head -- what made you want to own a' farm. and for ashley and lauren, do you have a side hustle -- that's a nice name -- like stuart does? i'll answer first, i love the tax breaks you get from having a tree farm, and i just love walking in my own woods. how about you, ash? ashley: well, unlike mr. varney, i can't afford an estate manager
11:54 am
to take care of it while i do my other job, so there you have it. stuart: what do you have, lauren? lauren: right now i don't have the luxury of time or finances, however, i'm creative. so i like interior design, i like making things. you know? so i would do something like that. stuart: this is from maureen. what was your very first job, and did you always want to be in the media? my first job at the age of 14, delivering milk. the darby cooperative society and, yes, i did want to be in the media, because i'm fascinated by current events. how about you, lauren? lauren they're babysitter. does that count? i was paid, i was young. and after the fourth grade, storytelling conference. i won. i memorized a story and would give it to the class. i just loved speaking in front of people, and i always wanted to be a journalist. stuart: and look at you now. lauren: it took a long time. stuart: ashley? ashley: i used to be a bank teller for lloyd's bank when i was 17. i did banking for 4 or 5 years.
11:55 am
my parents were bankers, absolutely hated it and, thankfully, found media which i've within doing for the last 37 years. i'm very lucky. stuart: yeah, your -- you are, well, we all are. stuart, we've heard you mention your love of knowing capitals from across the globe. was geography always a passion of yours? absolutely, yes. nothing i liked better as a young man, to put a big map on the floor and look at it. and then, of course, i went to visit as many place as i possibly could. what are your passions, ashley? lauren? ashley: same as you when it comes to -- go ahead, sorry. lauren: go ahead, ashley. [laughter] stuart: go ahead. ashley: well, i was just going to say, same thing. maps, you know? i love geography, i love history. lauren: do either one of you put the ap map on the wall, and then you can put the pin into all the places you've traveled? stuart: i used to. lauren: my favorite place is an airport. you never know someone's story. why did the they just go wherever they went, are they
11:56 am
coming home? are they going somewhere? stuart: all right. thanks, everybody, for friday feedback. here's the trivia question. how many states are named after a people? if 5, 8, 11 or 14? the answer when we get back. ♪ ♪ oh in a harbor, there was a port ♪ ♪ the busiest port, that you ever did see ♪ ♪ now the boats move the goods ♪ ♪ good jobs for the people ♪ ♪ the people build the city ♪ ♪ and the city comes to life ♪ ♪ and the life has a rhythm ♪ ♪ and rhythm has a home... ♪ jpmorganchase invests in infrastructure to help create more jobs here at home. ♪ make the green grass grow all around all around ♪ ♪ make the green grass grow all around ♪ ♪ power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your family's comfort and safety.
11:57 am
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. after the hurricane happened, we just want to be prepared for anything. generac generators are designed, engineered
11:58 am
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.
11:59 am
12:00 pm
stuart: how many states are named after people? we've been trying dog figure oue those two named after people? anyway, we've been trying to work it out, we're going to make our guess and, ashley, you're first. ashley: i'll go 8, number two. stuart: lauren in. lauren: i'm going 8 also, but was it the state is named after the person or the person named after the state? stuart: good point. is dakota the name of a person? i'm going to go with 11. the answer is11. if. [laughter] delaware, georgia, louisiana, maryland, north and south carolina, new york -- new york? new york? the duke of york, okay. pennsylvania -- yeah, go ahead. virginia, west virginia and, of course, washington. now you know. time's up, "coast to coast" starts now. neil: all right, stuart, thank you very much. hope you guys have a great weekend. looks like we are going to turn around most of the market average as

49 Views

info Stream Only

Uploaded by TV Archive on