tv Varney Company FOX Business May 5, 2021 9:00am-12:00pm EDT
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movement and automatically adjusts to keep you both effortlessly comfortable. perfect for those relaxing weekends. proven quality sleep, is life-changing sleep. only from sleep number. maria: have a great day, everybody. we'll see you tomorrow. varney and company begins right now. stu, take it away. stuart: good morning, everyone. you know, you really have to wonder what's going on in the financial world when a cryptocurrency started as a joke is now worth more than some of america's biggest corporations. case in point, dogecoin. latest quote, 66 cents per coin. that gives dogecoin a value of $86 billion. more than fedex and dozennens of -- dozens of other big corporate playerses. why is it up so much now? apparently, investors are buying it ahead of elon musk's appearance this weekend on
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"saturday night live." i confess, i don't get it, but we will cover it for you. the dow this wednesday morning showing ad modest gain, up 96 points. the s&p, up 16. the nasdaq up 78 points which brings us to the janet yellen reversal. first, she said interest rates may have to go up. stocks went down. a couple of hours later she said she was not predicting higher rates or trying to pressure the federal reserve. stocks went back up again, some of them at least. that was not exactly reassuring for investors in big technology companies. the stock prices dropped very sharply, not much of a recovery this morning. want some positive news? here it is. covid levels are now below seasonal flu levels. if that's not an open-up signal, what is? as we wait to see if he's restored to facebook, former president trump has a new platform of his own, from the
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dex of donald trump. we'll hear -- we will ask lara trump if this will be her father-in-law's new twitter. here's the bad news. that software company, basecamp, which banned politics at work, has caved to the woke brigade. we'll tell you all ability it, it's the not good. wednesday, may 5th, 2021. "varney & company" is about to gun. ♪ ♪ ♪ stuart: jimi hendrix. that'll wake you up on a wednesday morning. even if it is a little mist ity here in new york city. now, look, we could start with dogecoin. i could that start with all kinds of things, but instead i'm starting with what looks to me like a back to work, back to the economy kind of thing. here's the headline, op-ed e,
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new york post, don't buy the fear mongering. the covid-19 threat is waning. the author of that piece is dr. marty makary, and he joins me now. doctor, you're saying that we are below seasonal i flu levels with covid. what exactly does that mean? >> well, good morning, stu, nice to see you with. you know, we have a completely distorted perception of risk with many things in life. for example, the opioid epidemic. it's not good just because the media stopped covering it. and right now there's this distorted perception of risk that covid is worse than the seasonal flu. it was definitely much worse than seasonal flu in the past. but today the case fatality rate of covid is dropping because it's moving to younger, healthier populations. it's now comparable to seasonal flu, and in terms of daily case counts, stu, we've got about 50,000 daily cases of covid whereas we have 450,000 cases of flu in a mild flu season in the middle of that season. so we with need to put things in
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perspective. stuart: is this a signal that we should be opening up fully and soon? >> well, i'm amused at the debates about what is herd immunity. if you go to the johns hopkins covid information web site, it says that herald immunity is when -- herd immunity is when most of the population is immune. it's not binary. and i think people have come to associate it we rad case. -- with eradication. it's not. what do you call los angeles county when they've had zero deaths over the last few days. are we still in a state of emergency? san francisco had 26 cases yesterday, most asymptomatic. what do you call that? at some point we've got to move on and live our lives. stuart: do you think the administration is dragging its feet on declaring things open? >> well, if you look at the gallup poll, certainly the
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perception of covid risk is radically different depending on your political background. and it was suggested that over 20% of democrats think that about a thursday of poem with covid -- a third of people with covid get hospitalized. the real number is about 1%. we're battling the public perception, and i think it's important to remember that covid is not gone, it's not extinct, but we have to put it in context. it's below the levels of a mild flu season right now. stuart: dr. makary, thank you very much for joining us. i'm cutting that a little short because i've got news breaking right now. facebook's oversight board has upheld former president trump's suspension. that's the headline that i'm reading. sounds to me like the suspension will comet. will continue. facebook's stock up a fraction, down a fraction, then back up a fraction. basically, not changed. let me mauve on to tesla.
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the ceo, elon musk, as we all know by now is going to host "saturday night live" this weekend. that is fueling dogecoin's rise. i've got it at 66 cents a copy right now. so so, susan, come on into this. what's the market saying? how high is this thing going to go? susan: we're at 70 cents, so some say maybe a buck before the "saturday night live" appearance but elon musk. that's on top of the 40% bump you got yesterday. if you're a dogecoin investor and you going to at a penny, you're up 11,000% so far, and now bigger officially thanmotors this morning -- than general motors, dollar general and kraft heinz. now, you read through social media sites on crypto, traders are talking about this runup into elon musk's snl i appearance saturday night. they're looking for maybe a buck a copy, but is there -- a coin,
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but is there a selloff after this weekend? there's a lot of i hype right now, and this has attracted so much interest in dogecoin. elon musk touching down at a private jet airport just yesterday, you have pictures of him getting ready for his hosting duties this weekend. just to talk about facebook quickly, i just want to talk about the upholding that headline that just crossed, i don't think it's a surprise when mark zuckerberg himself said that he was suspending president trump back on january 7th and then throughout that month because he said that it posed too big of a risk for the social media platform. a 20-person oversight board, do you think it's going to overturn that decision? stuart: probably not. and to repeat the news that broke a couple of minutes ago, facebook upholds the trump ban. got it, susan. mark tepper with us this morning at 9:07 eastern time.
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mark, i've got to talk dogecoin. i'm sorry to do this to you -- [laughter] but i want to know what this is telling you and other financial professionals about the financial world when a joke coin is worth more than fedex. >> this is scary, stu. dogecoin, obviously, has no value although i believe maybe not too long ago mark cuban said he was going to allow payments at dallas mavericks' game. maybe that was a joke, i don't remember. i owned bitcoin, ethereum, i'm not going to touch any of these others, especially dogecoin. there's a lot of speculation going on, and that's what happens when you continue to dump free money in people's laps and they're sitting at home on their robinhood accounts buying dogecoin. that's what they're doing. stuart: it's a problem for me in that it's a completely different way of invest. i don't think it's investing. it's a gambling chip. i must con fess to being a
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little -- confess to being a little exasperated about this. i can't wrap my arms around this new investment world. >> nobody can. it's absolutely crazy. fortunately, my clients are very well behavedded, stu. no one has called me asking for any dogecoin. thank goodness. [laughter] if they did, i'd have to talk them back a little bit, hey, pump the brakes, we need to focus on buying stuff that actually has a real value. right? stuart: i'm very glad that you've got well behaved clients. [laughter] all right. let's get serious for a minute. you've heard the expression sell in may and go away. think that'd be appropriate this year? >> well, look, i mean, people are dying to get out of their houses, so so typically what happens from may through i think it's october, the market's seasonally weak because people top sitting in front of their
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computers all day long. they want to go out and enjoy the weather. you shouldn't bail on your positions because returns are still historically positive over that time frame, right? what you should be doing right now is tempering your expectations. don't bail on all your positions. the market's tiredded, it's going to trade sideways for a while. the best thing to do is to actively make moves over the course of the next few months. defensives will probably outperform cyclicals, so you want to figure out how to best be positioned to take advantage of what's going on in the market. stuart: would you recommend any selling of any big with tech this. >> i'd be buying a lot of these things as they pull back. so, you know, one of the companies that's on my radar right now is teledoc. it's trading in the 150s. we owned this thing before anyone even knew what covid was, rode it all the way up to the mid 200s, sold it, and i'd be interested in getting back in right now. it's telemedicine, they're not
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going anywhere. the price is right kind of firm, bob barker, drew carry, and when -- drew carey, and when we find companies that we really like and the price comes down to a range that we're comfortable with, we want to buy that stuff. so we'd be buying the pullbacks in a lot of these big names. stuart: i'm going to digress to politics for a second and keyture, actually. -- culture. basecamp folded to the woke brigade. i know you've been following this, mark. they even suspended their chief strategist after he said white supremacy doesn't exist at the company. that man, ryan singer, has since resigned. he'd been there 18 years. this is what companies are facing from their own employees. mark, i don't think this is good. >> it's not good at all. cancel culture's terrible, this whole woke movement. this is bald. i mean, look, we have a first amendment for a reason. everyone should be able to express their views. and when you start silencing
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people and you're only getting one side of the story, that's bad. i mean, that's how you just completely suck innovation out of what usedded to be -- and it still should be -- the strongest economy in the world. we want people to have differing points of view. we want people to have differing opinions. that's good, right? and, look, i love talking with people about their opinions that might be opposite what i believe. we can have productive conversations. it doesn't need to be nasty. and, unfortunately, that's where we're kind of headed as a society. people get nasty going back and forth and rather than wanting to hear the other side, you just cancel them out. i think it's completely ridiculous. stuart: you should see the messages we receive. [laughter] mark tepper, we appreciate it. i'm not going to show them to you, believe me. i've got to repeat this, it's important. facebook's oversight board has upheld former president trump's ban. they will reassess over the coming months. the stock is up half a percent,
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stuart: yes, facebook's board has made s decision. they will uphold their ban on former president trump. hillary vaughn on capitol hill. look, hillary, they're going to revisit in a few months. does that the mean that from here on out he's on probation? >> reporter: that's our understanding of this ruling, but facebook does have seven days to respond to this oversight board. one interesting factor of this is they did decide that facebook was correct in originally
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suspending the president from their platform. but what they didn't like that facebook did was essentially make that ban indefinite, for a undefined period of time. and so the oversight board is saying facebook needs to take accountability here and communicate to their users how long the time frame is, why they reached that time frame. so within six months from the january 7th ban, to that really would be july 7th if i'm reading that right, they have to communicate and revisit whether or not the president should be allowed back on the platform. but ultimately, stuart, they did uphold the decision that it was right from their belief and their understanding, the board's, of facebook to suspend the president. of but there is a potential that it is not a permanent ban, and they could revisit it in july and say he has a right to access facebook's platform, to use
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facebook's platte moral. and the reason why -- platform. and the reason why this is critical from a business standpoint, stuart, is a lot of ad revenue is hinging on this for facebook. they're walking a tricky line to make sure whatever decision they decide essentially this summer, allowing the president back or not, users on that platform are going to have a strong opinion east way about that -- either way about that. and then advertisers are going to be pressured either way to do business with facebook or not. stuart? tiewcht stuart i know this news broke just literally minutes ago, and i know that you're right in the middle of politics there on capitol hill. have you had, talked to any politician for their reaction to this news? >> reporter: no, stuart. so we're in recess right now. congress is out, so a lot of lawmakers are not here. but i will be speaking with congressman jim jordan in about a few minutes from now, this hour, to get his reaction to this. he's been one of the biggest critics of facebook's overreach on what he calls censorship.
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so we're going to get his reaction to that, and i'll bring that to you as soon as we have it. stuart: hillary, thank you very much, indeed. super, come into this, please. and i'll start with an opinion. susan sure. stuart: i find it incredible that the two leading social networks, twitter and facebook, have now banned a former president of the united states of america. i find that really bad. susan: so snap is probably bigger than twitter when it comes to daily active users, they have 290 million. we're talking about shopify, twitch, youtube has still suspended indefinitely, they say, president trump. but i just want to note there are different practices here at play. no other company except facebook has an independent oversight board that made this ruling. it's pretty much like the supreme court of facebook. and facebook arguably is also the most innine, since they have around 3 billion that visit their properties each and every day. also they have a lot of control over the advertise thing, the digital advertise thing market
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with 25% market share at last count. so i would say facebook probably has more influence here, but they're doing things a little more independently than, say, a twitter or snap which only individually and internally decided to suspend president trump indefinitely themselves. but i think this comes down to money, don't you think, stu? because if other companies decide to reinstate president trump, i think that's when you might see some more wiggle room there. stuart: well, facebook's stock has gone up on this news, up about .6%. doesn't sound like much, but facebook's at $320 per share. susan, we'll see how the market opens later. futures, show me those, please. green on the board, up about 100 for the dow, up about 100 for the nasdaq as well. i want to tell you that in 20 minutes we're going to speak with lara trump on facebook's decision to uphold president trump's ban. back in a moment. ♪ ♪
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hillary, what you got? >> reporter: we're now getting reaction from facebook. remember, the oversight board is completely separate from facebook, and facebook, the company, is now responding to essentially the oversight board saying that their decision to indefinitely ban a user was not okay. here's what nicholas clegg, the vp of communications, is saying: while the board has not required facebook, it is not the appropriate duration of the penalty. he continues to say we will take action that is clear and proportionate. in the meantime, mr. trump's account remains suspended. there is still kind of some vagueness around the time frame of all of this. of are we expecting another decision to come town this summer? we've reached out to facebook to get specifics on the actual timeline of this, but we are with getting confirmation that until facebook makes an ultimate
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decision on how long trump should be baned, his -- banned, his accounts will remain suspended. stuart: got it. hillary vaughn, thank you very much, indeed. shah a gilani, high is this ban good for fcc's stock price? -- facebook's stock price in. >> it's not up a lot, stuart. i think the only reason they might look at it as a positive is fear that if the ban was reversed, then there's this woke and this enlightened customers of facebook might boycott. not that that's ever had any efficacy in the past, and that might have hit the stock. i think it's up a little bit on the fact that they've upheld this ban is which i think is an embarrassment. stuart i think you hit the nail on the held. these companies, which may advertise on facebook, they're scared to death of their own woke employees. because if trump goes back on
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facebook, the woke will object. they're terrified of their own employees. that's a whole new deal in more than corporate governance. that's brand new. last word to you. >> i'd like to know how independent this board is too, this oversight board. i'm sure they have their own proclivities in terms of what they think about the president and what they think is right or wrong or how to silence or muzzle him. i think this is a problem. stuart: okay. i've got to ask you about dogecoin. i know that's not necessarily your turf, but i want to know what on earth is going on in the financial world when a joke coin reaches 66 cents per coin right now, and it was near 70 cents per coin at two a.m. eastern time this morning. what's going on, shah is? >> it's just pure speculation, stuart. there's nothing wrong with speculation as long as it doesn't get overhyped and then we see a cash. the market for crypto now is
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north of $2 trillion, and what i'm worried about something like dogecoin crashing. well, maybe they'll adopt it, maybe they won't if we see a crash in the crypto markets, then you've got leveraged folks that are going to end up selling right and left because they have to. that could cause some margin selling across the board, we could have a negative feedback loop, that's the thing that worries me the most. and i think they're going to get their wings budgeter, and i think they're -- burnt, and i think they're going to come down to earth. stuart: shah gilani, you, sir, are all right. you've been right too, and that's a good thing. see you again real soon. all right, we've got 30 seconds to go before we start trading on this may 5, 2021. i see green, left-hand side of the screen. yesterday the market was really
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upset by a statement from janet yellen early in the morning. she said rates may have to go up. couple of hours later she said she's not predicting higher rates or pressurizing the fed. stocks recovered a little bit, but we were still down for the big techs, and now we're starting trading again. bang, here we go, 9:30 eastern time. we're off, we're running and we're going to go up just a little for the dow jones average right from the start. we're at 34,200, and i see about two-thirds of the dow 30 in the green, so a positive start this wednesday morning. as for the s&p 500, where is that, he asked? it is up about a half percentage point. solid gain. and as for the nasdaq, that, too, on the upside. three-quarters of 1%. so i'm going to, i presume that big tech stocks -- which i'm going to show you right now -- they are mostly on the upside. yes, they are. that's not a huge gain by any means. microsoft, for example, 248,
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well below its 260 high. probably the same is true for most of the other big name techs. i want to run through some of the earnings reports we've already received this morning. general motors, they expect a strong first half of this year despite the chip shortage problem. that stock is up 3.3%. solid gain for gm. hilton hotels, no surprise, they got hit by covid travel restrictions, but they do say 97% of their hotels were open as of the end of april. down just a fraction on the stock. zillow, whoa, blowout earnings on the back of a very strong housing market. the stock is up over 1% and climbing as we speak. susan looking at the other movers. how about invidia? susan: yeah. i just want to get back to be zillow. how impressive was that? 221 average monthly visitors to the website, and that is only continuing. those numbers are pretty
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staring, don't you think, stu? stuart: [inaudible] susan: yeah. we all have during the pandemic. stuart: yeah. what dud you say? how many million visitors? >> it was 221 million monthly average visitors to zillow. for the quarter, 2.5 billion with a b, which i found the staggering, thanks to that housing boom. speaking of staggering numbers, nvidia, we are up in the session. they're saying that nvidia is going to dominate when it comes to gaming, chips, the cloud and self-driving, and that's why it's an $800 stock, and it's worth 40% more. kraft heinz going in the opposite direction, calling it just a hold. if you have it, don't sell it, don't buy any more: but the input costs, you know, inflation is the talk of the market right now since we have food costs
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going up. coffee's up 8%, stu. i'm a little hurt in the wallet, but that will impact minute like a kraft heinz. stuart: don't worry, i've got my coffee pot going right here. all right, susan, match. hook at that. -- look at that, nice gain there. they operate tinder and other dating services. they say it was a hot second quarter. actually, they said there's a hot second quarter just ahead inspired by a summer of love. how does that grab you? up 8% on match, $150 a share. look at the dow winners. what are they? of the 30 stocks, who are the best gainers? apple, how about that? up 1.5%. the s&p 500 winners headed by caesars, up 9.6%. i'll get you the news on that. not sure what the news is, but they're popping on that news. nasdaq, acti havevision blizzarp
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4.7%. there's news there, and it is this: blowout earnings. it's been a pandemic winner. give me more on -- susan: candy crush maker making more money in sales because of the pandemic. you know, people have been gaming a lot more, and that's why they're raising their full-year forecast as well. activision and gamemakers, along with the xbox and the consoles doing very well. gaming had a record year when it comes to sales. stuart: gaming is big, and i'll leave it at that. but, susan, let's get back to caesars. we showed earlier that they're got a nice pop there, 9.25%. susan: yes. stuart: good earnings, is that it? susan: yeah, that's right. they had a huge loss in the first quarter of this year, but stock markets anticipate what's upcoming, and they're seeing a big recovery in the las vegas especially if we have, again, people coming for conventions and in-person events, and that's why caesars is up. big loss though, we're looking
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at a few hundred million dollars, republican a billion in the -- almost a billion in the first three months of this year. stuart: i want to talk about your favorite etf run by kathy woods, a arc innovation, it's up this morning but about 30% down. fill us in, susan. susan: yesterday we had that major selloff when it comes to the nasdaq, the worst day since march of this year, and the arc innovation fund, what they call disruptive technology, was down. i thought it was down about 6% on this week and almost 10% so far and, yes, even 30% from recent highs as well. so it has people thinking. in order to keep up your status as the fund manager of the moment, you really have to produce returns, and so far i would say being down 30% whereas the dow is up and so is the broader s&p, you know, cathie wood, even though she has returned 100% over the past year, she's not really
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performing this year so far, so there's an unwind take place especially with the fast innovation growth type of stocks. stuart: got it. how about checking the big board after, what have we got here, the dow jones industrial average this wednesday morning is up a mere 13 points, up slightly yesterday, up slightly this morning. the 10-year treasury yield, you've alls got to they can that -- always got to check that. 1.59%. price of gold really has done virtually nothing recently. $1781 per ounce. bitcoin, we've been all over doge and ethereum this morning. bitcoin, 55,900. that's your current quote. oil, whoa, that's moved up. $66 per barrel. and the price of gas, that's the national average, that's moved up $2.93 is your national average. getting real close to $3 a gallon. elsewhere here's what's coming up on the show. the governor of new york, andrew
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cuomo if, sparking a lot of anger after saying this about unvaccinated people. roll tape. >> there is an attitude that there'll be fine or maybe you go home and kiss your grandmother and wipe up killing your grandmother. -- wind up killing your grandmother. stuart: oh, good lord. janice dean says the governor has some nerve to say that. she is on the show. we now know that facebook's decision, they're going to extend president trump's ban. we'll get lara trump's reaction to that next. ♪ ♪ how am i doing? some say this is my greatest challenge ever.
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commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! ♪ stuart: hillary vaughn has been covering the facebook story for us, and she has clarification on how long this ban will last. what have you got for us, hillary? >> reporter: yeah. we got clarification from a
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facebook spokesperson who tells us that six months' time frame does not start from january 7th, but from told with the board's decision. so that puts it at november 5th when we can expect facebook to have to re-examine their ban/suspension of former president trump on their platform. but we also are getting some reaction from the oversight board themselves. those are, that is a separate entity from facebook that facebook was relying on to decide whether or not the ban was appropriate in the first place. and i want to point out one thing that they said. they said this: anyone who's concerned about facebook's excessive concentration of power should welcome the oversight board clearly telling facebook that they cannot invent new, unwritten rules when it suits them. so the oversight board clearly making a point to put the pressure on facebook to be accountable for this indefinite
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time frame, this indefinite ban that they selectively created in this instance against the former president or the president at the time in january. and there was also a question from reporters, they're fielding questions now, to the oversight board saying in november are you guys going to decide whether or not that ban should be in place? no, it is facebook that has to decide whether or not that ban will be extended or be permanent. stuart? stuart: fascinating. so you're up to november for the ban from facebook. got it, hillary. good clarification. thanks very much, indeed. now let's bring in lara trump, former president trump's daughter-in-law. lara, it's great to see you. welcome back again. you know the result of this facebook extendedden ban til november. your take the, your reaction, please. >> saladly, it's not really surprising. i didn't expect facebook to do much more than this. but i think it just goes to show you that what we have all been
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seeing over the past, you know, five, six years with these social media companies but certainly in the past year is very frightening for the future of america. you rook back, stuart -- you look back, stuart, to during the camp pain, the fact that you had all these social media outlets blocking and suppressing stories about the hunter biden laptop, i ebb mean, this was a very big deal. it went against the democrat narrative, against their chosen candidate. and when you have companies that have this massive power that really have the power to influence people, a lot of people get their information directly from these social media outlets, it's a really scary thing. but, i mean, sadly, i'm not surprised to see this happen. stuart: now, you've got -- the former president has this new platform announced yesterday, from the desk of donald j. trump. that's his new platform. i understand that he, mr. trump, he can post on it and people can share those posts on facebook and twitter.
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is this his new twitter? is this his new platform? are we going to be hearing from him now almost all the time on from the desk of donald j. trump >> well, i don't think you'll be disappointed in the amount of posts that he'll be putting up. i think you'll hear from him very frequently. but he's been doing this, you know, the president has been putting out these press statementing these press -- statements, these press releases over the past several months since he was banned from twitter and facebook, and i think he's finding it to be something he's really enjoying. so this is not, to go back to your question,s this is not the social media platform that you've heard him talk about possibly launching in the future. this is just a space where he can put up these things that he otherwise would have put out as press releases so that they're really easy for people to find and they can go out and post them. what i'll be curious to see is will twitter and facebook allow the posts from former president trump to actually go up on their
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platforms because you might recall i did an interview with my father-in-law, and i posted it to my facebook page, and facebook removed it. so are they going to allow these posts to stand, that'll be interesting to see. stuart: yes. i'm just going -- may i offer a quick opinion? i think facebook is terrified of its advertisers. and its advertisers are, in turn, terrified of their own employees who will object vigorously if president trump is allowed back on facebook. this is a nasty situation, but that's the way i see it. how about you? >> yeah. well, it's all of this wokeness that has consumed so many in america. i mean, we saw that the mlb all-star game moved from atlanta to colorado based on woke politics. people often times do not fully appreciate the gravity of the situation or even what they're talking about. they just know they've got to cave and bow down to all of this, again, woke politics.
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and it's really sad. i think it's very damaging for the future of our country, i think it's a terrible example to set for our children. but i think you're right, i think at the end of the day it comes down to money, it comes down to advertisers. nobody wants to be called out for standing up against this stuff although i think if more people did, i think they would be rewarded heavily. stuart: have you herald directly from the president this -- heard directly from the president this morning? the news broke from facebook about 40 minutes ago. we've not seen anything posted on from the desk of donald j. trump. have you spoken to hum personally today in. >> -- him personally today? >> no, i haven't talked to him today the, but he's probably as unsurprised as i am to see this happen. and, by the way, i don't think he's upset about it at all. the reality is he's going to have a platform that he'll roll out in due time that is going to rival facebook, that's going to rival twitter. already overnight on the can desk of donald j. trump web site we had over a million people sign up, stuart.
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so i think people want to hear from former president trump, they want to hear what he has to say about a range of issues. they are thirsty to hear from him. quite frankly, twitter and facebook have been pretty boring without him on there. stuart: okay. lara, you know that former president trump is teasing a 2024 run again. i want you to listen to this. roll it, please. >> are you going to run in 2024, and if so, can i be your vice president? >> oh, that's very interesting. it's very early, but i think people are going to be very, very happy when i make a certain announcement. stuart: go ahead, lara. you can break the news right here. is he running? [laughter] >> well, i would never be so bold as to do that. i will met him announce -- let him announce when he is ready if that's what he decides the to do, but i love candice owens as a possible running mate. i'm all in for that. i think the country will be ready for a massive change.
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what we've seen out of the biden administration and, you know, in less than five months in office it's terrible, it's terrifying. our country's headed in the wrong direction. people are going to be ready for president trump should he decide to run in 2024, i believe. stuart: got it. lara, thank you very much for being back on the program. it's a welcome return, and we'll see you again soon. thanks very much. >> you too. stuart: i've got the dow up 42 points. modest gains for the market this morning. have you seen this? this is a woke recruitment video from the cia. roll tape. >> uma woman of color -- i'm a woman of color, i am a mom, i have a millennial who's been diagnosed with anxiety disorder. i am intersectional but my existence is not a box-checking exercise. stuart: okay. that videos getting a lot of backlash. bret baier has it all. he's on the slow show a little later. the chip shortage, try
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buying almost any appliance these days. it's affecting that area too. we've got the report. ♪♪ lately, it's been hard to think about the future. but thinking about the future, is human nature. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones. [typing sounds] [music fades in] [voice of female] my husband ben and i opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot.
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♪ they can feel it all over. ♪ stuart: gulfport, mississippi. a little fog there. maybe some thunderstorms coming. it's warm, it is 70 degrees. what was that? 83 degrees, you said? okay. what is it, 83? okay. i'm the weather forecaster these days. it is 70 degrees in gulfport, mississippi. now, the chip shortage hitting appliances, can you believe? grady trimble is at a store in illinois. what kind of appliance delays is that store seeing? >> reporter: weeks to months for some products, stuart, and it's hitting everything from these -- well, i've never seen an appliance like this. it'll dry clean your clothes. think that would come in handy for you there, stuart. but also the more normal i appliances. anything that has one of these
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displays on its has a computer chip in it from microwaves to toaster ovens to refrigerators. the president here will tell you you've pulled some products off the floor because you don't want people to walk up and say i want this and i want it more. >> we've done that throughout our 85-year history. we want to show what we have available, and it makes a lot easier for our customer. >> reporter: how much has this chip shortage hit this industry, appliancesesome. >> i think we're just starting to see the trickle-down effect. it's definitely affecting some of the other categories we sell here, but we're starting to thousand see it with some of our appliance manufacturers. >> reporter: smartphones, computers, of course, and now panel, stuart, certain types of appliances. stuart: i'll get my order in real fast before the chip shortage hits everything. grady, thank you very much, indeed. now, do you remember -- i'm going to play this exchange.
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it's a college professor berating a student for saying cops are heroes. here's just a brief clip. roll it. >> who do we call when we're in trouble and someone has a knife or a gun? >> i wouldn't call the police are. >> why wouldn't you call the police? >> i don't trust them. >> who would you call? professor, who would you call? >> i wouldn't call anybody. stuart: the police are dangerous, she wouldn't call anybody. the student, braden ellis, will join us in our next hour. also ahead, janice dean, brett behavior, sandra smith -- brett behavior, sandra smith all onboard. and the software company base withcamp, man, has that got a problem on its hands. their woke employees are calling the shots, and that is not good. we'll deal with it. ♪let's make lots of money♪ ♪you've got the brawn♪
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♪. stuart: okay. we're back on the air. i'm going to show you the market. we're not doing that well this morning. we've got a modest gain, about 42, 40 odd points up for the dow jones industrial average. we got the 10-year treasury, the bottom line here is, that the treasury yield is just below 1.6%. that is the number to watch for, below 1.6% and it is.
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show me big tech. facebook has upheld its ban on president trump. it won't be revisited. the ban stays in place, at least until november of this year. facebook's stock, look at it, it is up just 50 cents. not much reaction to that. bitcoin is moving up. i have a quote at $56,000 per coin. the real story in the cryptos is dogecoin. would you believe that at 2:00 eastern this morning it hit 70%, 70 cents a share. it is now quoted at 66 cents per coin. that is dogecoin. what a joke. latest read on the service sector. this is important. ashley, what do you have? ashley: well i have 62.7. a little shy of the estimate but it does mean that for the 11th month in a row the services sector, the important services sector has expanded. of course it registered an all-time high in march. i mean an all-time high of 63.7.
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so, maybe not as good as we thought but still a strong number. let's put it that way. i don't think it will have a huge impact on the market but there you have it. stuart: you're right, ashley, it did not have a huge impact. we're modest gains pretty much across the board. nasdaq up 34 after its huge loss yesterday. now this. who runs america's corporations these days? is it the ceo? or the shareholders who own the company or is it their woke employees? at one software company it is the woke brigade and this is not good. last week we brought you the story of base camp. that is a small software company whose ceo said no politics at work. it is a distraction. well the daily wire has been following this and their update is troubling. last friday, a companywide videoconference began with 90 minutes of sharp criticism of
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the no politics at work ruling. the chief strategist, management, jumped into the debate and said, i strongly disagree we live in a white supremacist culture. you're not supposed to say that. enraged black employees said, white supremacy was blatant at base camp. it makes me sick. back came the strategist. i don't treat people in a racist way he said. well, according to the daily wire, that reduced some employees to tears and the black employee launched a series of obscenities. by monday, that strategist had been suspended. he has since resigned after 18 years of the company. management caved. the woke folks won. this is a small example, but what corporations are facing. the fight will only intensify. texas is about to change its voting rules. woke employees at dozens of major companies urge some kind of anti-texas action.
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they will insist that woke politics dictates corporate decisions. so who runs the company? watch out. when the bullies take over the workplace, we've all got a problem. second hour of "varney & company" about to begin. ♪. liz peek joins us as of this wednesday morning. liz, woke employees running these major corporations. that's my opinion. i think it is real bad news. what do you say? >> i agree with you, stuart. i think it is a shame that more corporate ceo's don't do what jamie dimon did a couple of days ago and say, no, it is not our job to weigh in on political arguments, talking about voter rights legislation as being proposed, as you mentioned in texas and other states.
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he is completely right. polling shows 61% of registered voters do not approve of corporations taking political positions. that includes 67% of independents. what is even more surprising 67% of women who tend to lean left. i think it is pretty clear across the political spectrum we're not looking for corporations to dictate how we view various political issues. by the way, you know, the ceo's of these companies who weighed in heavily against georgia's voting law, they're sort of backtracking, trying to convince the biden administration not to raise corporate taxes. this is the problem, stuart. as the government becomes the heavy hand in this country which is very much wants to do, dictates more and more of our business life and your business future, these corporate ceos feel like they have to kowtow to the woke crowd because that is who is running the biden
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administration. so sort of an invirtuous circle where companies are scared to death they will be tagged as bad on race or anti-transgender or whatever, and then the biden administration is going to ignore the requests they make for special privileges or lower taxes or whatever. so it is kind of a mess. i think corporate ceos have gotten themselves into a very, very bad place. stuart: you saw the facebook ruling. >> yeah. stuart: they banned former president trump all the way through november of this year. i think this is another example where facebook is terrified of its advertisers and its advertisers are terrified at their own woke employees. so they have got to ban him until november because the woke employees would object. that is the way i see it. how but? >> i think you're totally right. here is an interesting data
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point. gallup reviews attitudes edgetutions. attitudes towards big business at beginning of this year are an all time low. i really connect that to exactly what you're talking about. big tech is the poster-child for taking woke policies into their business models. obviously in the 2020 elections, coming out very strongly against president trump. i think the more that facebook and twitter ban conserve organizations, shadow ban conservative organizations, ban president trump, et cetera, it is going to reinforce the idea that big corporations are not on the side of every american. that is a hugely stupid position to find yourself in. half the country, is that what they want, half the country, whether coca-cola or delta or twitter or facebook? i think it is a mistake, stuart. stuart: well-said. liz peek, thanks for joining us, we appreciate it. >> thank you, stuart. stuart: we have turned south for the dow industrials but we
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really don't have that much price movement in stocks this morning. wall street rather calm. i will bring in david lefkowitz to join us this morning. welcome back to the show. good to see you. i understand you think this bull market is still solid but my question is, what about all of this government spending, what about all these taxes? aren't the chickens going to come home to roost at some point? >> yeah. so i think look, in the short term, stuart, i think the government spending has actually been helping the economy recover from the pandemic. it is offsetting the very steep recession we would have had otherwise because of the pandemic. so it is sort of, i sort of view the government spending as kind of filling the hole that was opened up by the private sector because of the pandemic. as that pandemic winds down, now the biden administration is proposing to invest in things that are a little bit longer
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term and potentially have a payoff? they could potentially increase the growth rate of the u.s. economy, if these investments are done wisely and they want to try to pay for that with some tax increases but on net, they're still talking about adding stimulus to the economy. we're going to have more spending than we will tax increases. it should on balance boost the growth out look for the economy a little bit from here. stuart: real fast, would you care to deal with dogecoin, the joke coin, made as a joke, now 66 cents per coin? 86 billion-dollar value, worth more than fedex. what is your comment on that? >> yeah. i mean i think the whole crypto, whole crypto space is, it is not something that we have included in client portfolios in terms of our recommendations. you know i think it's still a
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very nascent asset class and it's not clear exactly how it is going to behave over a business cycle. we just don't have a lot of history with it. it is hard to value these assets on a fundamental basis. so we've been recommending to our clients it not constitute a part of their portfolio. look i understand that you know, it has, has gone up in value tremendously. there are potentially opportunities if people are looking to take on some risk but we have not included in our core recommendations. stuart: very diplomatically put. we're not included in our portfolio recommendation. very go, david. you are a diplomat indeed. thank you very much. we appreciate you being here. i did say there is not that much price movement on wall street this morning but look at peloton. what is the story there, susan. susan: peloton is recalling treadmills including tread plus.
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acknowledging that one child died in one case in california there is concern about safety with the treadmills. lyft on the move of a ride hailing is recovering for them on their bottom lines. up 8% from the fourth quarter they say. yes, recovery. still predicting they will make money outside of expenses over the fall at some point. gm, stu, making 10 times more money this year than last year a 3 billion-dollar profit. reaffirming their profit guidance, despite the fact there are ongoing chip shortages. tesla moving higher, stu, recovering, it was moving higher. as you see the reversal, taking place very quickly. we do have elon musk starting rehearsals for the "snl" appearance. tesla was up 2% early on when the markets opened. stuart: let's go back to dogecoin, soaring. my quote is 66 cents a coin as of now. that has something to do with
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musk's appearance on "snl"? susan: as you mentioned early this morning we were up at 70 cents, right? so you're up 11,000% so far in 2021. we started off below a penny a coin. it is now worth $90 billion. if you look at that 66 cents, 70 cents range. that is bigger than general motors this morning, ford, twitter, dollar general, kraft heinz. it is hard for people to wrap their head around it. if you read wall street bets page and sites on crypto, big runup into the "snl" appearance on saturday. some are predicting a dollar a coin pretty soon before this weekend. you wonder what happens the week after, whether or not there will be a big decline and a crash. look, i mean the brigade is up there, dogecoin army what they're called, overloading the robinhood trading system, stu. stuart: i will leave it at that thanks, susan. the cia getting widely
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mocked for its new recruitment add. here it is. >> ♪. i am a cisgender millenial diagnosed with generalized anxiety disorder. i refuse to internalize patriarchal ideas of what a woman can or should be. stuart: bret baier will react to that just a moment. he is on the show. new york governor cuomo sparking outrage with the latest comments about unvaccinated people. watch this. >> there is an attitude that they will be fine, why should they take the vaccine. maybe you go home and kiss your grandmother and wind up killing your grandmother? stuart: oh, janice dean says he has got some nerve. she's next. ♪.
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♪. >> there is an attitude that they'll be fine, why should they take the vaccine? maybe you will get a long haul syndrome that we're not really sure what it is yet but a lingering consequence of covid. or maybe you go home and kiss your grandmother and wind up killing your grandmother. stuart: oh dear, that was new york governor andrew cuomo. now let's bring in janice dean who lost both of her in-laws to covid. your response to governor cuomo, please, janice? >> so now he cares about grandparents, stuart? it was a jaw-dropping moment, i will say. the nerve of this guy. the same fellow that put over
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9,000 covid positive patients in nursing homes, had the mandate to put them in there for 46 days. reversed it finally may the 10th last year and scrubbed it from the website. and then actively tried to cover up the numbers for months to correspond with the buying of his book, his 4 million-dollar leadership book in the middle of a pandemic. stuart: not good. and i know that "fox nation" got a special on governor cuomo. i have am just going to roll a brief clip. then i will get your comments on this. this is the a clip from the special on "fox nation," "the collapse of cuomo." roll the tape please. >> many people felt you were the only one who was telling us anything. >> the most trusted democratic leader in america. ♪. >> purposely withheld number of nursing home deaths due to
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covid. >> new accusations of sexual harrassment. >> i'm not going to resign. stuart: you heard it, janice, he said he is not going to resign. i have to point out to you that this man is not going to resign. he could actually win, re-election, couldn't he? >> i suppose you're right. we'll take it day by day. it has been very frustrating to see him still leading this state, not taking a lot of questions from reporters. certainly about the bombshell report that was in "the new york times" last week about the coverup of the numbers. his aides actively tried to quash the reports that were supposed to come out on over 15,000 that died. he kept going on television and lying, saying at least there was 50% less of those that died in nursing homes to cover it up. and the mainstream media continues to cover up for him. they won't cover this story. actually "fox nation" is really the only channel that is having
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a documentary on, you know, his scandals. stuart: that is true. "fox nation" is where it's at. janice, thank you very much for being with us today. you're not in this special but you have taken a great interest in this situation for obvious reasons and we thank you very much for standing up for what's right. janice dean, everyone. by the way, the "the collapse of cuomo," the "fox nation" special, it is available right now on "fox nation." breaking in here to get back to hillary vaughn who has been covering the facebook ban of president trump. it has been extended until november. she has reaction to this. she joins us again now. hillary what do you have. reporter: stuart, i got off the phone with congressman jim jordan, the top republican on the house judiciary committee that also covers antitrust and his quick reaction to this today is that this underscores the need for repeal of section 230 that shields companies like facebook from liability from these decisions and also to
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break up the companies because he thinks that this makes the point that they are too big if they hold this power to control whether or not a former president has access to use his rights to freedom of speech. he also said he thinks the big takeaway here is that democrats, some of his colleagues are applauding this decision. he said that is frightening and that should concern americans because he thinks democrats are happy with this decision because it gives them a political advantage headed into the midterm election, having someone like former president trump off of facebook's platform. stuart? stuart: yeah. good point, hillary, thanks very much indeed. see you again later. back to the markets and we're on the downside, actually heading south. not exactly rapidly but we are heading south. the dow industrials just above the 34,000 level with a loss of 86, 87 points. a fractional gain for the nasdaq. that's it. apple announced a major
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investment. that is a big deal. the stock's up. what have we got, susan. susan: talking about $400 million into lidar laser producer here in the u.s. called two six. they support another 700 manufacturing jobs across texas, pennsylvania and the like. $400 million is a lot of money. that is on top of 300 million apple already invested into this company. this is from apple's manufacturing fund and part of that 430 billion-dollar investment into the u.s. economy over the next five years. apple is putting their money where their mouth is. if you think about it, this is lidar technology. i talked to you about this, self-driving, 3d mapping technology, i know you like to speculate sometimes, stu, lidar may be technology they need for maybe an apple car in the future. stuart: thought we would get to
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the apple car. i don't know when it is coming or in what form. the i-car they might call it. jessica alba's, it is called the honest company? baby beauty products, beginning trading on the nasdaq. tell me all about it. susan: she priced her shares at $16 a piece. she raised $400 million. prices the all organic, all natural products company around a billion dollars or so. we've been expecting this ipo for some time. today it is the debut. we'll see how it does. $16, pretty much in line with the private rounds they have been raising cash at. we have a celebrity name backing a company like honest co, you might get more attention and bids. stuart: fascinating. a woman with a great product valuing the company at 400 million. susan: that is how much she raised. the value of the company is over a billion. she raised $400 million in cash. valuation above a billion. stuart: you get the point.
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1.4 billion for jessica alba. 86 billion for the joke dogecoin. okay. susan: oh, come on. there is value, depends how you see it. stuart: we've got one big league university backtracking after making its rock climbing wall only available to black, indigenous or other people of color. unbelievable but we do have the story. do you remember this exchange? that college professor berating a student saying cops are heroes. roll it again. why not. >> who do you call when we're in trouble and someone has a knife or a gun? >> i wouldn't call the police. >> why wouldn't you call the police. >> i don't trust them. my more dangerous -- >> who would you call. >> in their presence. >> professor, who would you call? >> i wouldn't call anybody. stuart: that is a professor. well the student will join me next. ♪.
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that do bad things should be brought to justice, i agree with that. >> what is the bottom line point? you say police officers should be revered and lauded as heroes, on tv shows with children. >> they are heroes in a sense, they come to your need and help you. >> they are supposed to protect and serve people. >> who do we call when we're in trouble someone has a knife or gun? >> i wouldn't call the police. >> why couldn't you call the police. >> i don't trust them. my life is more danger in their presence. >> professor, who would you call? >> i wouldn't call anybody. stuart: okay. the cypress college freshman, braiden ellis joins me now. welcome to the program. really good to see you. i got to say you were cool, calm, collected and articulate in that change with the professor. what has been reaction on campus to what you said. >> good morning, stuart, thank
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you for having me. means a lot to be on your show. the reaction so far when i went back to class on monday i thought it was important to go back to the class to talk to the students to see what they had to say. i received a lot of hate and not good things. and i left the class early. i don't think i will be returning to that class soon. stuart: that bad? well, what about any grade you might get from that professor, is that in doubt? >> yeah. i am going to pass the class. i want to thank cypress college for working with me, being gracious as well. when i went back to the class on monday, there was discussing hate, i left the class early. i felt it was a bullying tactic. stuart: what's happened to the professor? >> so she's currently on leave. you have a new professor in there that is going to be there for the rest of the semester. and, you know, when you look at that clip, she is kind of cutting me off and just kind of going over me. i want to make sure people know that just because someone has a
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louder voice than you doesn't mean they have a better argument. stuart: right. now is she on leave because of what she said during that exchange or is she on some prearranged leave that has been in the planning progress for a long time, which is it? >> i believe that she is on a leave of absence but did plan on leaving next fall. it didn't really make a difference anyways. stuart: i want to get an impression for our audience as to how it goes on college campuses these days. you have been treated really badly when you went back to that class. you were discussed at. you were cursed at, et cetera, et cetera. is this par for the course on college campuses these days? >> it definitely is and you know, a lot of professors and liberal indoctrination going on throughout our campus, they don't teach you how to freely think. they tell you what to think and what ideas to have. if you don't have those ideas they will punish you. that is a sad case because we
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need free thinking back in our campuses again. if we don't do anything about it in the next five to 10 years or maybe even a year, it won't be good because they teach hatred and they teach just bad things about our country and we're a very good country. our police are heroes, majority of them are heroes. we have to support our police. susan: what do you want to do with your life when you graduate college? >> well, i was on another show, someone said presidency. so we'll see about that. but i major in business management currently right now. so it is a very nice opportunity to be on fox business with you and i watch your show a lot. so i'm looking at business management. i'm also i guess looking at politics. we'll see. and it is an amazing story to be on here. stuart: well, braden, a pressure sure to have you on. you are really articulate. i like your calm demeanor. that worked really well with the professor. congratulations, young man. anytime you want to come to see us at our studios in new york,
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you're welcome. come and see us. >> thank you very much. stuart: braden ellis we'll see you soon. that man is good. then there is this, unbelievable. a rock-climbing course at cornell university, rock climbing, accused of being racist. okay. what's that about, ash? ashley: i'm shaking my head. the rock climbing course at cornell had only been available to black, indigenous, other people of color, hence the acronym bipc. meant to make underrepresented segment of the student body supported but critics called it racial segregation, after the media started talking about it, cornell university backed down, or in this case repelled backwards, lifting the restrictions making it available to all students. now course instructors, stu, have reportedly received guidance how to discuss with
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students the criticism that the initial course offering received because as we know, they can't think for themselves. back to you. stuart: sarcasm is a low form of wit very appropriate on some occasions, ashley webster. >> very effective. stuart: yes it is. i practice it myself on occasion. the world's best restaurants is going vegan. this is your story, ash. ashley: of course. stuart: vegan restaurant, a very important restaurant. it has got to be either new york city or california, which is it? ashley: could be either/or. in this case it is new york city. we're talking about 11 madison park, one of the most famous, revered restaurants in the entire world. no amendment or seafood will be served at this world celebrated, oh, yes, expensive dining establishment but you can expect plenty of vegetable broths. yum. as well fruits, legumes, grains, so on. even at 335-dollar tasting menu
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will be entirely derived from vegetables from both the earth and the sea. i just can't get enough of that seaweed. daniel hum, the famous restaurants, chef, owner said he made the move to address the impact that animal product diets had on the environment and health, saying that the current food system is simply not sustainable. what i think will be interesting whether his restaurant will be sustainable after making this move, stu. stuart: i'm going to leave it right there. okay? i will not touch this with the 10-foot proverbial pole. i will leave it right there. okay. here we go, just got this in, the latest read on how much oil we've got in storage. how much did we use, how much we had in tourrage. here is the story. a drawdown, we used, took out of storage eight million barrels. that is a big deal, means demand is pretty strong and the price of oil is at $66 per barrel as
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we speak. in other words, gas prices will probably keep on going up, just a little. here is what is coming up. the white house says president biden deserves credit for his work on the border. all right? i will ask arizona sheriff mark lamb if he agrees with that. he is on the show. the cia mocked for its new woke recruitment ad. watch this. >> i am tired of feeling like i'm supposed to apologize for the space i occupy rather than intoxicate people with my effort, my brilliance. stuart: okay. there is a lot more where that came from. from the world's premier spy agency. bret baier will react to it all after this. ♪
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>> i am a sis gender millenial diagnosed with general anxiety disorder. my existence is a, not a box checking exercise. i used to struggle with imposter syndrome. at 36, i refuse to misguided patriarchal ideas of what a woman can and should be. stuart: that is the latest cia recruitment ad. i need help from bret baier on this one. has the woke generation, you're laughing, you know it is not funny bret. >> i know. stuart: this looks like the woke generation has arrived at the cia. what on earth is going on? >> yeah, it is quite something. i think when that came out that promotional video, that it really shocked some people, raised some eyebrows in washington. former cia director, former secretary of state mike pompeo thought it was ridiculous in that, that shouldn't be the focus. it should be on america and safety. i've got bob gates on my show
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tonight. i'm sure i'm going to ask him something about this as well. it is not, a sign of the times. the cia pushback is that they had the best recruiting year ever but it is different than what we've seen in the past. that is definitely true, stuart. stuart: i think we better leave it right there, bret. get on to something that is very serious, that is facebook. their advisory board has up he would the ban on former president trump. it goes all the way through until november of this year. so the ban is extended way out there. what do you read into that? >> well, i think that they, the independent board said that facebook couldn't make the indefinite suspension. so they will re-evaluate it in six months. either way, it opens the door on capitol hill, stuart, to a lot of concern especially from republicans about censorship and these companies, what they're allowed to or not allowed to do, who they are allowed to keep on and not keep on and this is a former president of the united
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states. so i think that this will open a lot of doors to a lot of hearings yet to come on this issue. stuart: i think, many republicans, josh hawley in particular, want to break up these social networks, break up big tech. now, that's a demand from some republicans. but it is going to take an awfully long time before you break up the crown jewels of america's technology companies. so, i'm saying look, i don't see that happening for a long, long time to come if ever. you with me on that? >> i agree. you know, it is not a traditional republican point of view, to break up successful companies in the u.s. but, treating them like utilities, if they're going to make editorial decisions, they, according to hawley and others, need to be treated differently, in a different category. that is why you see this 230, this section 230 bubbling up
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again on capitol hill. that is to kind of recharacterize these companies and i think that could happen in that vein, breaking them up, i agree with you, it is not going to go. stuart: i wonder if president trump, former president trump's new plat form, from the desk of donald trump can that really replace his presence on twitter? >> no. he can get millions and millions of followers, but essentially it's a blog. people can take the posts that he does put them on facebook and twitter. that is basically what it is, interaction or the big numbers, i don't think you will see the same in that format. stuart: you seem to work all day long, bret baier. i'm jealous of your energy. >> there you go. stuart: we're watching tonight, 6:00 p.m. eastern, fox news "special report" with bret baier.
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have a good day. appreciate it. >> okay. stuart: check the markets again please. not that much price movement. i see nasdaq and s&p are now on the upside. i'm watching peloton. that was a pandemic comeback stock. look at it, down 7%. what is the story? >> definite pandemic winner. we're looking at voluntary recall this morning of their treadmills. tread plus, the treadmill itself. after one child died in an accident that was acknowledged by ceo john foley. also several reports of injuries as well. company advising customers who already have the treadmills to immediately stop using them and contact peloton for a full refund. caesars entertainment reporting results this morning, losing almost half a billion dollars in the first three months of this year, but the ceo, just on the earnings call predicting a big rebound in las vegas in 2021 saying weekends are full for the foreseeable future. that is bullish sounding.
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zillow reporting over 220 monthly visitors. stuart, you're one of them. so am i. 2 1/2 billion unique visitors each and every quarter. that is a lot. stuart: it is a lot. look at the stock down 2 1/2%. i sometimes -- despite swinging to a profit, yeah, despite all those people who look at it every month. there is sometimes when i just don't understand what is going on. now ask one of those occasions. that is a fact. >> buy into it. sell afterwards. you know how the game is played. stuart: this is for you as well. amazon, tell me, they are imposing personal grooming rules on delivery drivers? tell me more. susan: you will react afterwards? i can't wait. so amazon is saying no bad body odor or breath, clean teeth, face, fingernails, hair, these are recommendations from amazon to small delivery companies they sometimes use and reviewed by
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bloomberg. amazon also requiring their drivers to refrain from obscene social media posts. for several years amazon has been trying to streamline their operations, bring order to far-flung delivery operations where they have to use contractors and they have had complaints of accidents, packages that were damaged and thrown, also infamous incidents as well which we won't get into. i think amazon, you probably are thinking the same thing, trying to reduce the legal risks, right? just in case. stuart: yeah. dying to see the woke generation's response to amazon telling them you can't have bad breath. i guess that is racist. thanks, susan. not a bad -- new york city schools, can you believe this, scrapping columbus day, instead it will be called indigenous peoples day and juneteenth. liz macdonald, a true new yorker, she has something to say about that and she will be on shortly. jeff flock, he is talking to a restaurant owner in philly
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♪. stuart: easy money. you're looking at philadelphia, raining, drizzling, 59 degrees. all right. we told you about restaurants trying to get their workers back. some are trying to bring them back with higher wages. jeff flock is in philadelphia. he is at the restaurant, hit city veg. jeff, i know they're raising wages but my question is, are they going to pass that along to the consumer. reporter: of course that is your question because you are quite think of thety. i'm at a restaurant called hip city veg. it would be probably your favorite restaurant if you came to philadelphia, mr. varney, because you can get a hamburger, fries, all plant based. >> plant based. reporter: nicole markky is the owner of the the markey groups.
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you say i will pay all my employees, $15 minimum wage. >> that's right. reporter: what are you thinking. >> 15 for our families is our commitment to show our employees with our action how much we value them. reporter: everybody back here is getting a race, almost? >> that is right. after this very difficult year, that we had, and the growth that we're about to get back on track with, we needed to invest in our teams. it is so important right now. reporter: i hear that. i want to see the rest of your operation. come this way, frank with me, out the door if we can, i want to show you the whole operation. i will answer your question, nicole at least will answer your question, are you going to pass this along to the consumer? this is going to cost more for me to get a plant based burger? >> that is great question. every single year we evaluate our costs. food costs go up. rented goes up. this is really just part of cost
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increases across the board. we're going to evaluate it that way. what we're doing right now is investing in our greatest asset, which is people. reporter: you can't get people. hard for restaurant people -- by the way this is the outdoor dining. they have this outdoor dining to try to save themselves through the pandemic. hard to get people right now? >> really is. has been one challenge after another. hiring is now our biggest challenge. reporter: is it because people get unemployment benefits supplement typically what they get? you hear that a lot of people. is that true? >> i hear that two. it mixed bag of reasons. we had two rounds of layoffs last year. many of our employees said i have to find another industry to find a stable job and career. other employees left town because the city was on such a lockdown. some of our employees are single parents with not reliable child care. it's a mixed bag.
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reporter: this is another one of her establishments. also $15 minimum wage. it is good to do it when business does it on the own. as owe he wassed to government paying $15. mr. varney. stuart: didn't get an answer, are you going to raise prices but that is for another day. mr. flock, we appreciate it. still to come, big hour, sandra smith, elizabeth macdonald, arizona sheriff mark lamb, and actor john ratzenberger. teachers union as the biden administration in their pocket. that is my subject on "my take" next.
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take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan. >> it is not surprising. i didn't expect facebook to have a massive power. directly from the social media outlets, it is a scary thing. >> thank goodness. and there's nothing wrong with regulation is nice it doesn't get overleveraged, and cryptos
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climbing to the cryptos and they would get icarus, they will get their wings. stuart: is 11:00 eastern time in new york city and is may the fifth, wednesday, may the fifth, check of those markets. we have a fractional gain for the dow, s&p up 10, nasdaq up 65. not that much movement. and facebook upholding the ban on donald trump at least through november, market seems to like it. and we are below one.6%.
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you have to marvel at the teachers union. when randi weingarten said jump, the biden team asks, it makes the point. in february after the inauguration the cdc, a terrible mistake. schools could reopen and teachers don't need vaccination, you can't say that, jen psaki rushed to the rescue. not offering official guidance. when we do get that official guidance, it contained several teachers union demands, it is a straightforward case of a politicized union bullying scientists. and that is the way it is.
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randi weingarten has won hundreds of billions of dollars, state bailouts and infrastructure spending. members are introducing the extremely controversial critical race. and political activists, the schools are not fully open. children lost a lo education and public schools in some cities are close to collapse. you have to marvel at the power of the teachers union, third hour of "varney and company" just getting started. ♪♪
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>> >> one of the worst things to come out of this pandemic, what is happening to the education of our children, i'm surprised there aren't more parents -- >> >> they are a lot of support. you have kids, think about every single kid that has been at home behind the computer. and a look at those emails, coordinated decisions the cdc is making in tom cotton's words bending to the teachers union, the cdc is doing behind the scenes, this is hard to stomach. what is heading into the
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midterm elections, and when you think of government and agencies, and and you look at these decisions that were made and those that we now see, it is heartbreaking, it really is. stuart: i want to make the point, and in 48 years in america. there are professionals, fine people. doing a job we could not do, hat is off to them. it is an entirely different story. >> moving on to facebook, the ban on donald trump -- what is your reading of that? >> facebook is breaking its
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rules, and a hard stop in what it ends and the oversight committee taking issue with that. in their own words, this is a vague standard, and referring the case to the board of resolve, they are saying, and justify a defined penalty. facebook innocence is breaking its own rules. so many see this, one standards donald trump and not to others. where the right raises their hand and says what about those racist accusations against tim scott last week, not pulling down from social media sites but here you have this and, it continues indefinitely. i don't know what donald trump's next move is, and what republicans want to see happen
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with this, if you want them to go back on in full capacity during his presidency. stuart: only time will tell. i will guess this is a terrible cliché. i think it is going to be a permanent ban, i don't think facebook wants him back. i don't think the appetizers the go to facebook want to advertise on facebook -- >> will regulators allow that? they have to break up facebook. stuart: i can't answer your question but breakup is on the cards but it is going to take decades. yes, yes. bill and melinda gates filed for divorce 27 years. can you tell me, do you know anything about the scoop on this third-party? >> to put my tmc hat on, the ex-girlfriend, apparently we are now learning time magazine interview 1997, an arrangement
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with this ex-girlfriend, in 1987 apparently the arrangement was to marry melinda there would be this annual get away to a little cozy cottage in north carolina. the relationship lasted decades but they had an arrangement where they would jet off to have annual weekend getaways, pitch ideas to each other, talk about the good old times. we are learning a lot and when it comes to this breakup, talking about the billions of dollars involved, i have to think that the lawyers, the decisions made about the breakup would happen before this went public. especially if there wasn't a prenuptial agreement. stuart: you have to believe that is the case. sandra smith, we believe it right there. but we will see you this afternoon on america reports, 2:59 pm eastern fox news, every
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day of the week. thanks, come in, susan. give the latest on the top performances. perhaps we can start with that period? >> a record high above 30,$000 a coin, making the v, a russian canadian programmer created a theory in 2013 when he was only 19 years old. he holds around 3000 either points in his public wallet so that is worth $1 billion. either has outperformed bitcoin this year, up almost 400%. if you think everyone is trying to get into this goldrush these days that includes tire king's carol baskin. the coin is selling for $7 apiece, a fan token, not an investment.
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glad she made that distinction. i don't know how to follow that but more mainstream science of adoption with the world's biggest index, s&p, standard & poor's, launching crypto currencies, bringing bitcoin to the trading floor, trillions of dollars in blackrock and other etf index funds based on s&p in their indices, this is a bullish signal for bitcoin and other digital assets and demonstrates we are soon to get a possible crypto currency etf soon. stuart: glad you didn't mention dogecoin. dogecoin, tiger coin, looking at the market. the dow industrials up 31, nasdaq up 70 and you are
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watching a big move. what is the story? >> it was outperformance by $800, up 40%, the biggest chipmaker will dominate in chips and gaming, cloud, self driving. apple recovering from yesterday's selloff, just announced $400 million in us based laser company like 26. 3-d maps to self driving cars, that might lead people to think there might be an apple car coming. activision blizzard, and $50 million, and and general motors made $10 more this year in the first 3 months than they did last year and reaffirming their guidance despite the chip shortage. stuart: gm at $57 a share. now this. it is national skilled trades day. one pixar movie star working to
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get more people into skilled jobs. i ask them what is going on with that on the show. the white house press secretary says president biden deserves credit for his work on the border. watch this. >> after four years of immigration system rooted in destructive and catastrophic policies president biden is taking the challenge head on. stuart: rooted in destructive policies, fascinating. mark lamb will respond to that, believe me he will, new york city's schools renamed columbus day to be politically correct. we have that story for you. ♪♪ don't you ♪♪ forget about me ♪♪
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♪♪ wake up little susie wake up ♪♪ wake up little susie wake up ♪♪ stuart: a war of words, wake up little susie, the beverly brothers, the woke new york city schools dumping columbus day. instead the schools will recognize italian heritage and indigenous people today. look who is here. the classic new yorker herself, liz mcdonald, she is not of italian descent but you have something to say about this. are they going to take that statue down? we have a picture of it in columbus circle, there is columbus, are they going to take it down? >> they shouldn't take it down. indigenous people day, why you got to wipe out another
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holiday, and wipe out columbus day to do it, we need to learn from our history, and the question is why are we focusing on national holidays in new york city when the focus should be on children being out of school for a year. talking to students in harlem, with scholarships, getting into universities. in new york city that debate is raging. where should the focus be? it should be on educating students, have indigenous david have it on a different day than columbus day. why are we wiping out our history when students need to learn from history, don't get it. stuart: the voice of reason,
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glad you are on the show. coca-cola's chief lawyer resigns. he created about diversity planet violates civil rights laws. here's a guy trying to do the right thing, for his own woke employees, he has got to resign. what a contradiction this is. >> i am just a business journalist, you can't litigate or legislate out of existence, ignorance like racism so you have the best system in the world to catch the bad guys, the bill of rights, the constitution of the court system, when we have this conversation, which is a false conversation many critics say about systemic racism, that sounds poisonous to a lot of people out there, you are not recognizing the due process of people protection under the law to catch the bad guys.
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when this came up with coca-cola, and this has been since the sixties and the civil rights movement, you want to have diversity, when this is about getting outside warriors to meet racial quotas to work with coca-cola. this feels like top-down control. the systemic racism argument is about a lot of the time critics are ripping apart a good system, works to stop the bad guys and trying to control the system, not fix the system. we want to help, we live under one constitution, one bill of rights. that's the way the country needs to see it so we move on. stuart: again, the voice of reason, and they fold in on the
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no politics at work policy just days after bringing it in. they suspended their chief strategist. brought several employees to tears and white supremacy does not exist at the company. this is incredible. this guys out after 18 years in this company because white supremacists, he is out. what is going on here? >> the bullying comes in at the company, the attitude -- stuart: management lost control. that lost control of the company. the ceo doesn't run the company, the woke employees do and that is dangerous. liz: the company said you can talk about these issues in your personal time. we are not stopping that and
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reportedly a third of these workers quit and took a generous severance package the company gave them, if you work at a company it should be about the bottom line. it should be about, making your own job in your own salary in a pandemic when a lot of other people want that job. the problem, racism is an issue in the country. it is idiotic and ignorant. when you have what is going on inside companies, experiencing these problems since the sixties. and distracting what the work should be about and making a good product during a pandemic when other people want your job, then say to yourself when you invest in a public, would you invest in a company where workers themselves don't understand what is at stake here and that is the survival of the company and their own job.
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>> we will be watching evening it with you 6:00 eastern on fox business. thanks for being with us. much appreciated. we have the dow moving up a little bit, 70 point gain for the dow, 71 points up from the nasdaq, we call that a moderate rally this morning. i want to see pandora, jewelry people, no longer selling mind diamonds. this is one of the biggest jewelry companies in the world, not selling real diamonds so what are they selling. >> making it in a lab. to focus on what they say are more affordable, sustainable, lab grown gems, man-made diamonds are up to 10 times cheaper than those mind
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diamonds critics say create environmental damage and blood diamonds hope to fund conflicts. the lab grown diamonds will be launched initially in the uk, no time for mom over here this weekend and in other key markets next year. pandora says they will so what mind diamonds they have in stock but after that fall down to the lab. >> on a similar story i'm looking at tiffany, they are launching their first ever line of engagement rings, they will be called charles tiffany sitting, charles tiffany, the company says the line was launched due to growing demand for male engagement rings and some of them are on your screens right now. the mayor of a town in arlington declaring a common sense sanctuary. watch this. >> we are saying these lockdowns and mandates are
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hurting our people more than the virus. stuart: interesting. that is the lady, that is the mayor, she's on the show coming up. dozens of migrants discovered hiding inside a stash house in texas. border agency these human smuggling sites are real dangerous. we've got a report from another stash house coming your way next. ♪♪ i can see for miles and miles and miles and miles and miles and miles ♪♪
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stuart: donald trump responding to facebook's decision to keep the ban on him through november. it is a total disgrace. free-speech has been taken away, by the president of the united states, the lunatics are afraid of the truth but the triple come out bigger and stronger than ever before. the people of our country will not stand for it. that is from donald trump. moments ago. facebook's stock down a fraction.
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and crammed with illegal, up and down. william launchins is with another staff house. >> the rio grande river, but where do they go, stash house like this one. monday night, police down 60% of americans inside. neighbors said the house, when police showed up. and the border patrol has found 140 stash houses this year. they demand the balance and families for more. we learned something else yesterday. the biden administration says it is different, more humane, and unaccompanied minors back
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to mexico. before countries, and mexico 25% and mexican, the united states sending unaccompanied minors back to mexico. when it comes to guerrero, and guatemala or el salvador. when asked if this was hypocritical or double standard the administration said under trafficking victims protection act, unaccompanied children from countries like canada and mexico must be returned there. in the case of mexican unaccompanied minors, received an interview by their counselor and their return is coordinated by national immigration agency. they are going back to their home country. the 2-year-old is a 10-year-old
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coming from mexico, or why if it is the mexican consulate or guatemalan child meet with a guatemalan counselor. they are simply treated differently. stuart: good story. more on that later. border patrol apprehended 1600 migrants. and many of them coming across the problem, and mark lamb, and a progress report, >> it is busy for us. a huge amount of trafficking coming through, human trafficking, drug trafficking. in the first quarter of this
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year in the tucson sector which i belong to, border patrol, 60,000 people you saw on camera and helicopters, 60,000 people got away, 170,000, they are pushing a lot of groups to keep the summer heat. stuart: if a man came through your county, a lot of people, and who are you and where you are going, >> it is the traffic violation, they stopped them and found them. they are camouflaged group, and they have 15 people and their, border patrol and ice in the area, not much we can do and sad to report that. >> white house press secretary
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jen psaki says president biden deserves credit for improvements at the border. i will let the audience see this. >> after four years of immigration system rooted in district of policies president biden is taking the chalice head on and building an orderly and humane immigration system. stuart: district of policies for four years now a fair system. your response please? >> let me tell you what these guys did, showed up to see the house is on fire and then put it out so they can be the heroes but in the process they burnt the house, that is happening in this country. they took it, they burn it. they burn it to the ground so they can claim they fixed it. this is a shell game. they are taking people and moving them around and using antics to dance around the true crisis that it is.
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the sheriff are wise to it. that is why sheriffs are coming together on the protect america now and i hope your viewers will support and protect america now.com because we are going to be the last line of defense because the government does not take this crisis seriously. stuart: sheriff mark lamb, thanks for being with us, hope to see you again soon. >> thanks for having me on. stuart: we have some gains looking at the dow up 88 points, some green on the board this morning after 2 hours of business. i'm going to shift gears and really shift gears and talk about nfts, nonfungible tokens. could becoming to the world of soccer. this is your story. nfts premier league. what have you got?
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ashley: the english premier league, the world's most-watched a mystic soccer competition wants a piece of the nft action. some cash-strapped types want to see whether digital collectibles can offer a new source of revenue but it is unclear if each team would act independently were the league as a whole. since the start of the pandemic english clubs lost a staggering estimated $2.78 billion in ticket sales and broadcasting income. we should point out other sports in the us are generating big money. look at that. in the nba $400 million of transactions took place just in february or march alone with the league and players association not only splitting part of the revenue but also gaining a 5% cut on each sale of the secondary market. it is a new and developing market but when talking about that kind of money the premier league teams are saying yeah,
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would like a bit of that action. stuart: sound like a new version of collectibles. that seems like that is what it is like. thank you very much, ashley. actor john ratzenberger has been in every pixar film ever made. watch this. >> abominable! do you believe that? do i look abominable to you? why can't they call me the adorable snowman? what do you say to that? stuart: recognize the voice? that is john ratzenberger. he wants to help skilled workers get a job. that is his mission and he is on the show. first it is not just computers and carmakers dealing with the chip shortage. home appliances have a big
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problem too. we've got that story, full report coming up. ♪♪ anyway you want it ♪♪ that's the way you need it ♪♪ did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of an hour, your savings will tower... over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance. keeping your oyster business growing has you swamped. you need to hire. i need indeed. indeed you do.
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stuart: the global chip shortage has had the carmakers and other industries. is it hitting home appliance makers? grady trimble is at an appliance store in illinois. does this mean prices are going up? >> i will have to ask. i don't know if it means that yet but it means if you have your eye on a certain product, you might have to wait a little longer or and needing to be replaced you might order it now
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because it could be weeks or months before you get it. one of the co-presidents, they have to pay more for their appliances because of the chip shortage. >> the cost of manufacturing, chip sets and all sorts of things driving up product. >> this is the higher end section and those higher end appliances require more chips, and those are some of the products you are having to pull off the floor. >> some of these items have more technology inside them. 11 where you set the wi-fi and turn it on or turn your dishwasher on remotely, these things have more tech behind them. >> a lot of people don't think of that but smart refrigerators, everything is connected to wi-fi these days, one thing does not require any
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chips. i think you would enjoy it. that pool table with ping-pong on it, no shortage of that. stuart: back to you shortly. you may know our next guest, the voice of ham in the toy story franchise. we recognized the voice, that man, you know him, you know his face and voice, john ratzenberger, great to see you today, welcome back. >> how are you doing? stuart: i try to use an american accent. >> national skilled trades day. this is your mission, to bring skilled workers, we don't have
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enough skilled workers to build our roads and bridges, do we? >> know. you can throw all your money you want at the infrastructure but nobody is showing up to weld the bridges or pound nails because we canceled shop classes 30 or 40 years ago and never gave young people a taste what it would be like to work in those jobs. with the pandemic a lot of skilled tradesmen retired like the trucking industry, they are desperate for drivers, even that. the rv industry will pay you to move to where you are and teach you how to build or inspect or repair and rv. stuart: i don't get it because the jobs you are talking about. electricians, welders, people who work in carpentry, they make a good living.
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okay, there's that involved as well. how else do you explain the total lack of skilled people. >> the lack of skilled workers. didn't gave him a taste of what it was like working with your heads. we had shop classes and a taste of carpentry and i gravitated towards it and low and behold that is how i make a living prior to acting, between acting jobs in the beginning. as a matter of fact i just finished building a rocket chair for my 3-year-old granddaughter. it is a skill i can take anywhere in the world and get a job the next day. you can bake a cake you have a skill that you own but time and
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again you see movies and hollywood shows, people like that, skilled trades people as being idiots or being lesser than everybody else and why would a young person seeing that portrayal want to do that? stuart: well said. bring back shop clasp says john ratzenberger -- john ratzenberger. i have some breaking news and we will get you back real soon. listen to this. breaking news on bill and will indicate. everyone wants to know what is going to happen to the money. the wall street journal is reporting bill's firm, cascade investments, maybe it is just bill, cascade investments
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transferred $1.8 billion worth of stock to melinda gates. 14 million shares of canadian national railroad worth $1.5 million, 2.9 million shares of autonation worth $110 million. we know they have a separation agreement, some of the financial details are beginning to emerge. show me amazon, jeff bezos says. origin is going to start selling tickets for space tourists. they start today. actually, how much? ashley: still waiting to find out to be honest with you. what they are going to announce today. when the first flight will be launched and yes indeed, how much a ticket will cost. in 2018 a report suggested. origin was planning to charge passengers at least 200,$000 for a sightseeing trip on its new shepherd spacecraft. the rocket and capsule combo is designed to autonomously fly 6 passengers, more than 62 miles above earth into suborbital
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space, high enough to experience a few minutes of weightlessness. you can probably see the curvature of the planet up there, before the pressurized capsule returns to earth via parachutes. ilhan musk's space x planning a similar launch later this year and richard branson's virgin galactic claims -- plans to 5 virgin -- customers next year. space tourism is really starting to heat up. especially if you are a celebrity or a millionaire or billionaire. stuart: so is the dow jones industrial average. look at this with the dow hitting another all-time high, 34, 287 as we speak. then there is this. the mayor of an oregon town declares it is a common sense sanctuary. that is the town. comments and sanctuary to protect businesses and lockdowns. the mayor's next. [ race light countdown ]
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the mayor joins me now. you declared a common sense sanctuary in your town, okay. the governor says no indoor dining. can you dine indoors in baker city right now? >> that would be up to the individual business owner at this point. she locked us down to the extreme level where there was no indoor dining three days ago and after three days they reversed it so we will see what happens. stuart: are you deifying the governor? >> i believe so. i believe this is an act of peaceful noncompliance at this point. the people of baker city had it with this. people across oregon had it with this. stuart: are other city officials on board with this? >> absolutely. this has nobody across the state. and there are three or four other cities.
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and they are looking at something similar. stuart: and other states, businesses which the 5 governor's shutdown were ruined, bankrupt in and ruined, which defied the governor. >> what do you mean by back up. this is the problem. we are a small municipality. technically speaking can't come up against the weapon i state agency which she has been having targeting businesses defied these mandates, and several have to close those doors. and and the voice of reason. best of luck with your endeavor.
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it is wednesday, time for your trivia question. cinco they mayo celebrate the next economy's victory over france on may the fifth. in what year? that is the question. the answer when we come back. a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you . .
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1862. there you have it. didn't know that. check the markets. dow hit an all-time high, well above 34,200. jessica alba's honest company just started trading. went out at 16. current trade, $22 a share, up 25, 38%. that is our story. neil, it is yours. neil: thank you, stuart very much. nice profit for jessica alba. we'll talk to the honest ceo momentarily. corner of wall and broad has it peaking in and out of record territory. this time the nasdaq going along for the ride as technology stocks attempt a comeback. the big story right now is focused on the economy and finding a job. there are plenty of them being advertised out there but devil of a problem has proven. we had them on this show, other shows on fox business, they cannot find workers and a lot of that is because of very
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