tv Varney Company FOX Business June 7, 2021 9:00am-12:00pm EDT
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maria: all right, big thank you to jackie deangelis and great to see you this morning. >> great to see you. >> thank you. maria: have a great day, and thank you so much, everybody for watching. we'll see you again tomorrow, "varney" & company begins right now. stu, take it away. stuart: it sure does and good morning, maria and good morning, everyone. former president trump will be joining us momentarily and i'm going to give you the background to our interview before we get started. here we go. west virginia senator joe manchin says no to ending the filibuster. translation of that? it makes it more difficult for the democrats to push their far left program through the senate. item number two. treasury secretary janet yellen says okay to a global minimum tax. that means foreign governments
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have a say in the taxation of american companies. it's really a question of economic sovereignty. by the way she also says higher interest rates maybe good for the united states. let's have a look at the market, pre-market this monday morning. first of all, look at the nasdaq gains for the dow, gains for the s&p, but the nasdaq on the downside this morning. that's because this global minimum tax is aimed soundly at america's big tech companies. let's get to bitcoin. at the crypto conference over the weekend, elon musk was vigorously attacked. a video appeared with speakers repeating endlessly "we will not sell" musk replied with a tweet" bitcoin is a hell of a drug" and the quote is $36,000 per coin. i promise, a big show, donald trump is on the way, monday, june 7, 2021 "varney" & company is about to begin.
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>> ♪ ♪ ♪ stuart: yeah, start me up, indeed. here we go. june 7, and today, vice president kamala harris will meet with guatemala's leaders to address the immigration surge at our southern border. this is her first foreign trip as vice president. the visit comes 75 days since being tapped to lead our response to the border crisis. tomorrow she meets with the president of mexico before heading back to washington. at this point, she has no plans to visit, actually, the border itself. all right, do we have mr. trump on the line? he's coming? he's coming any moment. quick check of the markets dow industrials this monday morning will open higher, not a huge
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rally by any means, but you're looking at close to 35,000 on the dow, when that opening bell rings. modest gain for the s&p, up maybe two points, and the nasdaq are down 17 points. mixed market right now. joining us now on the phone, the 45th president of the united states, donald j. trump. sir, welcome to the program. good to have you back again, sir >> well it's good to be back with you, stuart. it's a great show. stuart: thank you, sir. now, vice president harris in guatemala, tomorrow she goes to mexico. no plans to go to the border. mr. president, a couple of months ago, i think it was, jason miller said you might head to the border yourself. any plans to go to the border? well i've been asked to go by a lot of different people including border patrol. these are great people that work so hard for our country, and i've been asked to go so i'm seriously considering it, it could happen, relatively soon, just to support these incredible men and women who have done such
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a good job and they just are left out to dry. it's disgraceful that nobody has been there from the administration in terms of the top is really terrible. stuart: why do you think the border is now open? they say it's closed but it's not. it is open. why do you think they are doing this? >> so it's totally open. i personally think it's in competence. i don't think it's to let people in, because so many of the people are criminals coming in. i don't know if you know but they've opened their prisons, they are sending people in that you don't want in this country. rapists and murders and drug dealers and many many of those people are entering the country. look, wisely, they don't want them in their country so they open up their prisons. if you remember with cuba, you remember what happened there, well this is the same thing but this is on a much bigger scale, and what's happening to our country, they are destroying our country, stuart it's very simple stuart: if you went to the
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border yourself it would shake things up. it would really shake things up if you went to the border. >> well there's a good chance i will, but i actually think it's incompetence. i don't think it's anything else i really don't. they don't need the votes because they cheat at the elections, everyone says they are doing it because they need the votes. they don't need the votes they cheat like hell, so i just think it's gross incompetence. stuart: the commerce secretary says these hacking attacks on america, the pipeline and the meat supply, these hacking attacks, she says they are here to stay. what should our response be? should it be a direct attack on the hackers themselves and their state sponsors by our government you're in the white house for four years. you must know whether or not that kind of counterattack is possible. >> well this really started in a big fashion recently during the biden administration, because they don't respect our country anymore, and they don't
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respect our president, and the same thing with you look at what happened with israel. we have thousands of rockets and missiles being shot at israel. that would not have happened if i was president. that's unbelievable that things like that could happen, and china, lack of respect for our country. you see what happened in alaska, and you see where that's going. russia surrounds ukraine with troops. they never did that when i was president. they would not have done it so call it the biden moan. phenomenon. the fact is these attacks are very very serious and they are getting incredibly you look at the number, nobody has ever seen anything like this. stuart: well, it's here to stay, according to the commerce secretary. how do we stop it? >> well the way you stop it is go back to a much more old fashion form of accounting of things. i have a son whose so good with computers, he's a young person,
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and i mean, he can make these things sing and when you put everything on internet and on all of these machines, you never see a piece of paper, i really think you have to go back to a different form of accounting, a different form of compiling information, because anybody can break in. i mean, i see young people. they can't walk without computer s. what they can do with them is incredible. i'm witness to it because as a young person, my 15-year-old son is, you know, he's just a genius with this stuff, and you have people that are going to break into systems. i think you have to go back and be much more reliant, has to be much better security and the kind of information they are getting is mind boggling. stuart: but that takes an awful lot of time. do you or do you not favor a direct response to the hackers? i mean, shut them down.
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shut their computers down. could we do that? >> well you have to hit them very hard and i agree with that but you have to get better equipment on our side because they are getting paid millions of dollars in order not to do what they're doing. millions and millions of dollars they hack somebody out, they do whatever it is that they are going to do, and they get a $5 million, i don't know how the hell they get paid by the way so you'll have to explain that to me. you have a great business show, one of the truly best so i think you should explain how do they get paid without getting caught. that's interesting also. stuart: well they get paid through bitcoin. >> that's another beauty. we should have the currency. the currency should be the dollar, and bitcoin, since i left, has gone way up. let me just, my opinion is that with the currency of this world should be the dollar, and i don't think we should have all of the bitcoins of the world out
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there. i think they should regulate them very very high, but the currency should be the dollar, and when you have things like that out there, stuart, you know what happens is you really lose something that takes the edge off of the dollar and the importance of the dollar stuart: okay. what about janet yellen, treasury secretary and the global corporate minimum tax why should we allow foreign governments to dictate the taxation of american companies? >> well, i have a lot of respect for her, by the way, but we were doing things that were incredible. we would never allow that to happen because that's happening to our companies. now, we should be taxing our companies, but they shouldn't. stuart: okay. let me ask you about china. you said recently, just a couple of days ago, that china should be forced to pay $10 trillion or
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maybe put 100% tariffs on their products coming to america, if it's proven that china was the origin of covid-19 and it came from the lab. that be drastic, $10 trillion, that's drastic, mr. president. you want to go that far? >> well i said that it came from the lab a year ago. i had no doubt. i said it came from the lab a year ago and the fake news media and the big tech shut me down for saying that, but i say it then, i say it now and now i turn out to be right. there's no question in my mind it came from the lab. just follow the evidence. follow the bodies, because you take a look at what was happening and where it was all coming from, i have no doubt whatsoever, now people are saying that i was right, but in the meantime they lost a lot of time, and they wanted it all shutdown. they said it came from places which were absolutely ridiculous i would say this.
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china, the greatest attack whether it's on purpose or not, it's the single-greatest attack on the world, and not just us. on the world in history, and they have to pay. they have to pay. they could not afford to pay what it actually cost if you want to know the truth. they can't afford to pay the kind of damage that we're talking about, but i suggested $10 trillion, and they can't afford that but they should pay something, because what they've done is unthinkable. whether it's by incompetence, again, whether it's the border or not, but incompetence, or whether or not it was planned, and there are those people that feel it was. i happen to think it was gross incompetence that this happened, but regardless, it was their fault. it came from china. it came from the lab. it's the china virus, and that's
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the way it is stuart, whether we like it or not, and they should pay damages of, i would say, at least $10 trillion. stuart: mr. president, i've got a headline in the washington post. it says "trump allies try to rewrite and restore history of pandemic while trying to villain ize fauci." are you villainizing dr. fauci, mr. president? >> no, i always got along with him great but he was wrong on so many fronts and there's an example. you look at his e-mails, they are really horrible. he was in the pocket, it would seem, he was in the pocket, now maybe not but if you look at him , you know, we're all start people. he was in the pocket of china, the way he pandered to them and the way he dealt with them, and so that's their first salvo on trying to save fauci. i guess last night, fauci made a trip with the current first lady , but that's the first salvo
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in trying to save fauci. if people read those , so many e-mails i mean i've never seen anything like it, you would almost say that's all he could do because how can you do so many e-mails? but when people read that, they will agree 100%. it was unfortunate. now in our case, we had him but he was there for many many years. i got along with him but i would say that if i listened to him we would have had hundreds of thousands of more people die because he said keep the borders open to china, keep the borders open to europe and i closed them very very early and we would have lost hundreds of thousands of people. he also said the vaccines would take too long to produce, and i got them done in nine months less than nine months, so you know, i didn't too much listen to fauci unfortunately or fortunately i should say. fortunately for our country, i did what my instincts told me to do based on a lot of information stuart: well we've got the
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vaccine virtually, well more than half the population is now fully vaccinated. do you think that employers should require to go back to work or schools and universities require the jab before you go back to campus? >> well, i'm a big believer in freedom also, you know, freedom like you can't force people to do certain things. we are in a position, a lot of people that have had covid and, you know, i think you had reported numbers far greater than the actual numbers. a person that i know just told me his father died and i said oh , that's too bad what happened it was a heart attack but they put down covid and i said what do you mean? did he have covid? no. he didn't have covid, they put down covid. so many deaths are reported, this whole thing is whether it was election fraud or other fraud, but you know, there are many many more cases if you take a look and i'm sure you've heard
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this you're a professional to put it mildly but this was just an interesting conversation i had with somebody that i frankly that i barely know and they said it was covid but i've heard that many times before. many many times before. stuart: is it over in america now? as i walk around i've been to florida, i've been to new jersey and new york city, upstate new york. it seems like it's pretty much back to normal with the exception of maybe of california. but the rest of the country, it's seems like we're back to normal. does it feel that way to you, sir? >> well if we didn't have the vaccine you wouldn't be saying that. the vaccines made a tremendous difference and again, some people feel negatively about taking it and you have to, you know, stay with their freedoms and they have to stay with their freedoms, but when you add the people that have had it with all of the people that have gotten the shots, and we had a great distribution system that the next administration handled,
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they took it, but the military did an incredible job. not only did we come up with a vaccine, not only did we buy billions of dollars of it before we even knew for sure it worked, which saved us a year, but we also had a great distribution system, so you're going to be very high and yeah, you're going to be in a position where if you go down to florida, i spend a lot of time in florida, if you go down to florida, it really is , they've done a really good job, ron has done a good job. it really is as though you just don't see it. you don't see it. people feel free in florida, i can tell you that. and it's still that way in texas stuart: if you were to run for the president say in 2024 would you consider ron desantis, governor of florida, as your runningmate? sure i would, but there are numerous people that are great. i would certainly consider ron. i was at the beginning of ron, i was the first one to endorse him when he came out as a
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congressman that a lot of people didn't know and my endorsement helped him tremendously and i know him very well. he's a great guy. we have other great people look at some of the people that republican people that have done a great job with states and you don't see that with the democrat s. i mean, they kept their states closed and locked down, and the schools are closed. it's just absolutely outrageous how they get away with it. stuart: so you are considering running in 2024. how about 2022 for the house or senate? has that crossed your mind at all? >> well so many people are saying that i should run in 202y unlikely, but they do say that a lot. you've heard that. i should run in 2022. it's pretty amazing. you know there's a whole theory behind that. we won't get into that now. stuart: i know, [laughter] okay. you summoned a large part of the gop leadership. you're bringing them to bedminst
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er later this week. i want to know are you the leader of the republican party right now and is that what you're going to tell those gop people when they arrive? i'm the leader of the party. >> well they actually wanted to go and that's up to them. it's a great group, and a great group of people from congress probably is what you're talking about but we have many different groups of political leaders, politicians, republican and conservative leaders. people that, you know, are very politically involved they want to be there. you know our record on endorsements is 128 in 2 in the last fairly short period, we just won a big one in texas, one in louisiana. our record is last, by the way, the head of the republican party , last night, yesterday, in georgia as you saw, was victorious. that was another endorsement and likewise in north carolina, we had a great day in north carolina i'll tell you that.
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that was fantastic. stuart: mr. president, it seems straightforward, you seem a little reluctant. this is not like you, you seem reluctant to say flat out "i'm the leader of the republican party, these are my policies." >> well a leader doesn't say he's a leader, he doesn't say i am the leader. you know? a leader leads through example and becomes the leader so i don't like to say that i'm the leader. we have other leaders, we have some really bad ones too, frankly, in the republican party some terrible ones, and they shouldn't be there. they've caused us two seats in georgia, they cost us a lot of problems but we have some very good people and some good people are coming to see me and if they aren't good i won't endorse people and if i don't endorse them they aren't going to win for the most part. you've seen that, but we have a star record when i endorse people win. whether it's primaries or general elections, and it's an honor, and you know, if you look at the polls i guess i'm
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the leader because i've never had polls like this. i mean the polls are higher than ever before. stuart: mr. president, senator m anchin says he will not end the filibuster. that seems like a victory for the republicans because it's going to make it difficult for the democrats to push through the far left agenda, certainly through the senate. do you read it that way? >> well it's a very important thing he's doing the right thing and it's a very important thing otherwise you're packing the court, you're doing all sorts of very very bad things that were unthinkable and were never even brought up during the election. nobody brought this stuff up. bernie sanders can't believe it. this is so radical liberal, radical left, bernie sanders can't believe it. this is far more than he ever even talked about. they cannot, the most progressive they use the term progressive, but the most radical left people cannot believe what's happening.
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stuart: censorship, facebook has banned you for two years. twitter has banned you forever. how do you get the word out? do you have a plan? >> well, i have been getting it out. i do news releases or press releases and i've been, i think i've been getting it out very well but they are really, these are bad people, they are dangerous people. its got to be stopped, because our country is in danger. you know, zuckerberg would come to the white house to have dinner with me, couldn't have been nicer. sir, you're number one, congratulations, number one on facebook all of this crap. he would bring his wife. it's amazing, actually, when you think about it, but no, they have to be stopped and they will be stopped eventually they are going to be stopped. stuart: why do you think they are doing this? there is, i mean, a whole group of people. >> because my voice is very strong and my voice is very powerful. i got 75 million votes which is
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more than any sitting president ever got. i won the election, but they cheated and by the way, facebook and zuckerberg with the $500 million worth of phony lockboxes that he put on, some of them had 96% biden votes in them, 96%. they were like just dumping ballots it was a phony deal, and let's see how that all turns out but there's a lot of litigation coming and what they did is a disgrace and i think, you know, they allowed dictators that say "death to america" that's okay. "death to israel" that's okay, but with me they take me off because they are radical left crazy people, and they are destroying our country, and they don't want to hear a sane voice. that's and it's a voice that has , and you know, i was one of the top, by far, on twitter and top and zuckerberg said, top on facebook, and you know, instagram too and you add it all up it's hundreds it's like i
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don't know, i think close to 200 million people they say, and they take that off, they are a disgrace to our country. they don't have free speech. we don't have free speech any more, and who are they to tell us what ideology we should be talking about, what politics we should be talking about. they are a disgrace. stuart: what can you do about it you've got two monopoly platform s, basically, twitter and facebook, who won't have you on that platform. what can you do about that? >> well we'll see. we're working on things right now. i think i'm getting word out but it certainly can't be the same yet, but they are a disgrace to our country, and i think the people of this country are very very angry. you know, we have people that are very angry, very very angry as you know, very well and we'll see what happens but they are a
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disgrace to our country, and there's going to be a lot of litigation very soon. you'll see that, and we'll see how it all comes out, and it's going to be very big litigation. stuart: how about the state of the economy? do you think it would improve if we ended these $300 a week unemployment pay? >> well nobody wants to go back to work, so that's a problem, but nobody wants to go back to work. nobody has ever seen anything like this but the economy, you've got inflation that's going to be rampant, and we've seen inflation before you have. i remember you a long time ago when the world was cratering, and jimmy carter and all of this stuff, the things that were happening were not even believable, where interest rates were going up to 22%, prime rate was over 20%, it's what's going on now is exactly the same, but it's worse. it's much worse. what they are doing now guarantees, and you already have
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massive inflation. look at food prices, look at gasoline. we had energy independence, and now, that's gone, stuart. it's gone. we had, think of it. we had energy independence, when i left, gasoline was $1.87. now it's, you know, going to be double that. it's going to be triple and quadruple that but food prices, everything, lumber for a house is up at a level that its never been, so it costs much more for housing. it's inflation. it's massive inflation and it's going to be very bad. stuart: if you get massive inflation, mr. president, you get a crash ing economy and a crashing stock market. is that your prediction? >> well i don't want to make predictions. you know what? because i just think that it's not good if i do, but i am very concerned about what's going on. i'm very concerned about some of these bills and if you remember, i wanted to spend a lot of money on infrastructure, but it was on infrastructure to rebuild our
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roads and bridges and tunnels, not to do things like they're doing, handing money away and giving it away to foreign countries, and all of the things i'm very proud we got rid of some of these endless wars. you know we haven't had a soldier, killed in afghanistan in over a year. people can't even believe it, and we started that train rolling. it was just about completed and frankly, i'm very happy that they are going to continue it. we've been there 21 years, 21 years, and it's enough. so they are coming home and they are coming home from iraq and coming home, they are already back from syria. we've done a hell of a job and we've rebuilt the military. stuart: can i just go back to one thing you said a couple of minutes ago, you say people don't want to come back to work. you think that that, the pandemic and the lockdown, did it change the workforce forever? expand on that a little bit. how did it change it? >> well, it might have for at
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least not forever i guess, but people's attitude on work seems to be different beyond the money that's an incentive that they not go to work, but people, i don't know. you know exactly the purpose of your question is interesting, because did it change their psychology on working is really sort of what i think you're asking, not just the money incentive because eventually that wears out. what i am surprised is that employees you'd think they be more loyal to their employer, so when the employer calls and he wants them back you'd think they would go because this is just temporary this money, but there is a different feeling out there in my opinion, and i think probably in your opinion, so it may have changed the level and degree of people wanting to work it may have changed it, stuart there's no question about it, because you see such a difference. stuart: okay, the bell, the opening bell for wall street is about to ring.
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i'll ask you one last question. you don't like bitcoin, you wouldn't invest in bitcoin, do you invest in the stock market at this moment? >> so not at this moment. i think it's high, so i have not invested in the stock market at this moment. i have in the past but i have not at this moment. i think it's high. bitcoin, i just seems like a scam. i was surprised, with us, it was at 6,000 and much lower. i don't like it, because it's another currency competing against the dollar. essentially it's a currency competing against a dollar. i want the dollar to be the currency of the world. that's what i've always said. stuart: mr. president, thank you very much for being on the program this morning. great to hear from you. thank you, stuart. stuart: i hope to have you back soon. >> i will, thank you. stuart: thank you. all right you got one and a half minutes to go before that stock market opens. we're looking at a modest gain, certainly for the dow industrial s you're looking at about an 80-point move up for
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the dow. i'm still looking at a downside move for the nasdaq. that's in part because big tech is not doing well this morning. this threat of a global minimum tax is aimed very securely and squarely, i should say, at the big tech stocks, and only one of them is up this morning and that is apple. amazon, facebook, alphabet and microsoft all on the downside this monday morning and that is one minute to go before we hit that opening bell. interest rates. i'm going to talk about that this morning because the yield on the 10 year treasury always very important, and what we've got this morning is a movement even further down below the 1.60 %. this may sound rather technical, but it means a great deal in the financial world, when you've got the 10 year treasury yielding 1.57% and there's all this inflation, which is going on at the moment and as you heard from former president trump there, he expects the
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inflation to absolutely rage in the future. there you have it on your screen now. 1.56% on the 10 year treasury yield. it wasn't that long ago, maybe two weeks ago that he was at 1.7 %. again, sounds like not much at all. but in the world of money, that is a very big deal. >> [opening bell ringing] stuart: we're off and running, almost on this monday morning, let's see where we go. we're heading higher from the opening bell i'll tell you that now certainly for the dow industrials a very small gain, there's not that much movement in stock prices although i do see that almost three-quarters of the dow industrials that's the 30 stocks on the upside this morning the dow is up .16% we'll take it. the s&p 500, also ever so slightly higher and i mean ever so slightly, that is a fractiona l gain and that's how we look at the nasdaq composite that i expect to be on the downside in the very early going and yes it is. that's not a huge sell-off by any means. all right let's get on with our market coverage and bring in
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keith fitzgerald who joins us right now. keith, well we've got keith and we've got steven moore as well, so keith, to you first. what do you make of what president trump had to say moments ago about the market and bitcoin, keith you first. >> i thought it was very spot on, interesting. it's one of those things you want to hate even if you love it you've got to be into win i found his comment on bitcoin particularly surprising in that he said he wouldn't go forward, but i do agree with him, make the u.s. dollar of the world, make the world reserve currency the united states dollar. we need a strong dollar. stuart: do you think that big tech is being hit because of this global minimum tax, keith? >> there's two components to this. one is the global minimum tax definitely but two is the fear of inflation. we're going to get a number later this week and the bet is, stuart, will it be a hot enough number that it causes the fed to come off the sidelines early and say something hawkish.
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that is very dangerous for the markets. stuart: all right, steve moore, with us this morning. steven, what was your sponsor your reaction to what the president had to say, president trump, that is, especially on this 15% global minimum tax. >> well first of all, stuart, great interview and a lot of news so i thought you did a fantastic job and i miss the president, i miss donald trump. it's great to hear his voice and boy do we need him back in the white house. look you covered a lot of areas, before you get to the global minimum tax i want to say something about that issue of china repper asians and i think it's a really important issue for americans. trump was absolutely right. he was vilified for saying it but it was absolutely right about the lab the virology lab in wuhan and its role in cover ing up this terrible terrible pandemic, and i'm with trump and i think the american people are that the chinese should pay repirations to the
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united states and the rest of the world for inflicting this upon us. on the global tax, i love what donald trump said. i think he is spot-on that we should be taxing our own corporations but we should not be allowing foreign companies to essentially attack with higher taxes our own companies, and that is spot-on. this is the first time in history we've had a u.s. representative going to the rest of the world saying we want higher taxes. i've never seen that before and it is insidious. stuart: okay, hold on for a second, everybody. i want to move on with our market coverage bring in susan. you're looking at the movers this monday morning i believe visa is moving. good morning to you. >> hey good morning to you. yeah, it's great to be back. i understand why people enjoy the florida sun now. so yeah, visa is up today because we got an upgrade from piper sandler to over, they are calling it a 260 stock in the future as the payments network will benefit as more vaccine-driven spending will
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occur in the economy. doesn't that sound positive? peloton also got a buy call this morning from loop capital and they say this treadmill drama is really just overdone in their view and also pretty good earnings from g 3 apparel it looks like they are raising their full year outlook so people are buying clothes once again, as we get back to human- to-human and face to face interactions, also we saw g 3 apparel making more money in the first quarter of this year. stuart: how about the big tech reacting to the proposed 15% global minimum corporate tax? is that what or why we're see ing most of the big techs down this morning, susan? >> i would say 15 is better than the 20% that president biden had proposed and we heard from facebook global affairs vp claiming that facebook long called for a reform of the global tax rules and we welcomed the important progress, he says, made at the g 7; however implementation, yes, you can agree to a number, but implementation is going to be difficult. first of all you have to get
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through the u.s. congress, right and that's going to be hard since you have a split senate and u.s. lawmakers and you heard from donald trump there who says that on the gop side, they are hesitant to give authority and seed authority to other countries to tax american companies. especially without any guarantee s of sorts and it's also going to take a long time to implement at least 18 months possibly even more than two years according to the experts, so i don't think there's that much reaction when they have the global tax, so it's possibly being threatened. stuart: okay, i think it's your turn now, susan li to check out the meme stocks. you've got to cover them, we always cover them, i see , starting with amc at $55 a share as we speak. what else do you have on the memes? >> so okay the talked to, short s and maybe the reason we're looking at amc up 1000% this year, so when wall street banks lend out stocks when they don't actually own the actual underlying stocks, so a lot of talk about whether or not this
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should be legal in the first place, and likely contributing to the surge that we're seeing in these meme stock s, because when you don't own the stock just short and when there's a short squeeze as the price rallies and that's what we're seeing right now these banks are then being forced to also buy the underlying stock in sizable lots which is another reason that amc, game stop, the bed, bath and beyond and blackberry have rallied incredibly over the past few weeks and so far this year. stuart: i think that's a valid use of the word "incredible" because their performance has been absolutely incredible. you're right. 1000% gets it every time. susan thanks very much indeed. take a look at the dow winners these are the best performers among the dow 30 headed by visa, american express, cisco, ibm is in there as well and practice for and gamble number five. the s&p winners, let's see who we got there i'll tell you now it's the apache corporation, followed by biogen. nasdaq winners, there are a few,
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obviously. probably not amongst the big tech nvidia, look at nvidia, $ 711 a share as of this morning. couple of weeks ago, it was in the just $600 range and then it changed. all right, $700 for nvidia now, the dow industrials up just a tiny fraction this is a pretty flat market this monday morning. as for the 10 year treasury yield, look at this again, please. 1.56%, couple of weeks ago that thing was at 1.70. the price of gold bopping around $1,900 per ounce, 1,893 right now and again bitcoin not moving that much today, after the big crypto conference in miami over the weekend. it's down about 1%, 36.5 is your bitcoin quote right now. oil, well got to tell you, it hit $70 a barrel earlier. that's kind of a landmark for the price of oil. the average price for a gallon of regular gas where it was last
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week, $3.05 is the national average for regular, but the poor guys in california, they are paying an average, within california, for regular, $4.22 a gallon. here is what's coming up for you , house minority whip steve scalise is here next hour, he will react to my interview with former president donald j. trump. twitter says they're committed to a free and open internet just months after banning president trump. we've got that story for you and it is next. >> ♪ ♪ ♪
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34.8 is where the dow is right now still minor league's loss for the nasdaq composite. quick check of big tech again not a serious movement to the downside but most of them are lower, microsoft to the exception, so too is facebook actually moving up to 3.30 only up a fraction buffets book is up how about that? staying on big tech. twitter declares access to its platform is "a human right." susan, come into this , please. what about the censorship of conservatives? >> great question a lot of people reacted with the same question as well to jack dorcey and twitter and the reason why twitter was saying it's a human right because nigeria banned twitter so in response he had twitter declaring itself to be an essential human right in modern society and yes that's when the flood gates open up with twitter users calling hypocrisy especially with the ban of donald trump and censoring conservatives as you see on your screen.
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jack documenter at that bitcoin on friday, during his keynote he was heckled several times and one was quite dramatic being called out for his censorship and twitter censorship of conservatives so people are not letting this go, obviously. stuart: good. i'm pleased to hear it thanks, susan. let's get back to what president trump just had to say on this program, about tech censorship. roll that tape, please. >> these are bad people, these are dangerous people, and they are, its got to be stopped, because our country is in danger they allow dictators that say " death to america" that's okay. "death to israel" that's okay, but with me, they take me off, because they are radical left crazy people. stuart: i want to bring in sean duffy on this one. good morning to you. >> good morning. stuart: i'm sure you heard what the president just said and we just repeated it. i've got to tell you, i find this extraordinary. a former president of the united states banned on facebook for at
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least two years, banned forever on twitter. how convenient that this ban just extends just beyond the 2022 elections. i think it is outrageous. that's my two cents worth what's yours? >> it is and the bottom line is that these are private companies that have a far left, you know, political leaning and so they want to use their platforms which is the public square to shutdown the voices of conservatives and the leader of the republican party which the president won't admit to that, stuart he was quite humble in your interview but he is the leader of the party and they want to take his voice off the internet but it was fascinating mark zuckerberg came into the white house and they sat down and had dinner and zuckerberg brought his wife and i think that zuckerberg was dup ing the president into complacency and when you come to washington i was an outsider that was elected to congress very different, but trump was an outsider coming to washington and you don't understand how the tunnel works and i think after four years and losing in 2020 if the president runs again and wins again, big tech should
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watch out. the president has ripped the band aids off and i think is going to go after big tech in a profound way and make sure they are regulated to have it be a space of free speech that everyone is able to use, because it has become the public square, and again, i think he was duped in his first presidency if he comes back he will not be duped again. stuart: how do you explain to say look, i'm the leader of the republican party, i'm moving forward with my policies. i was surprised at that. >> oh, he's a humble man, stuart. listen, i do think what he said was appropriate. it's like leaders don't have to say they are leaders they lead by example and what he said is true. those who are unaring in the primaries or those who are running in general elections when president trump endorses, the power of that endorsement is a huge factor in whether you can win or not, whether conservatives in states or districts are going to get behind candidates and so he doesn't have to say it. he does lead by example because
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the power of his endorsement is the power to win in these races, so again, i thought it was a moment of humility from the president which i thought was great. stuart: would you support him if he ran in, suppose he ran in 2022 for a house or senate seat would you support him? would you support him in 2024? are you a trump guy? >> listen i love the policies of president trump. we now have issues because he was going after bitcoin and he wants the u.s. dollar to be the reserve currency and he's an american patriot. i agree with that but when the u.s. dollar is like dogecoin and you keep printing it over and over again, trillions of dollars of new dollars have come out this year, and we're borrowing trillions of dollars, when you devalue your currency, it destroys economies and the currency, right? and so people are looking for something else out there to reserve and preserve their assets and they are going to a space that is cryptocurrency and when we talk about what backs up bitcoin, well, nothing but what backs up the u.s. dollar?
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nothing. so i think the president is wrong but i am a fan of the president's policies and i think he did a great job pointing out that border is a mess, the middle east is a mess. relationships with china and russia are a mess, infrastructure, there are all these infrastructure packages that's social infrastructure so i think he's frustrated that the policies have gone in a different direction. stuart: he is, yes, he definitely is. thanks for joining us we'll see you again real soon. there is one headline which in the last 48 minutes we've not covered. and it's a great headline. that man, jeff bezos, is heading into space and susan has the story. >> i would have love today have heard if president trump was heading into space as well in the future so yes, jeff bezos, richest man on the planet, being launched on july 20, along with his brother first human passengers on blue origin's test flight. >> i want to go on this flight, because it's a thing i've wanted to do all my life, it's an adventure, it's a big deal
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for me. i invited my brother to come on this first flight, because we're closest friends. >> isn't that so sweet so there's one more seat being auctioned off right now and the highest bid stands around roughly $2.5 million or so but july 20 was chosen to celebrate the 52nd northbound of the apollo 11 moon landing and it should be relatively safe because the original reaction initial reaction from a lot of people is like is that safe, given it's the first test flight to the edge of space? but look, the space rocket has been tested numerous times and its been flown more than a dozen successful test flights already, without passengers on board, and that includes a recent one in april, so it should be safe for only talking about the edge of space we're not taking jeff bezos to the moon just yet, but some would say this is great pr for amazon and jeff bezos. stuart: yeah, all of the above but i admire the man. he's doing it and i admire a guy like that. i really do. thanks, susan. here is what's coming up on this
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show today. president biden pushing trillion s in spending, progressives calling for more stimulus checks. republicans argue no way. that's no way to build our economy. we're going to take you to capitol hill after this. >> ♪ ♪ (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business realize new possibilities. only one 5g partner offers unmatched network, support,
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stuart: just a few moments ago, president trump, former president trump, on this program , was really calling out the cost of all these social programs, and the cost of these stimulus checks, which are still going out. hillary vaughn joins us now. how are we paying for these? i know the republicans object, i've got that. how do the democrats propose to pay for these endless stimulus checks? >> well all of it's going to ultimately come down to increased taxes, and democrats want to do that by just raising taxes on the rich, but republicans say, of course that is going to, at some point, have a trickle down effect on everybody in america, but republicans are also doing the math, stuart. they are tallying up just how much money a family of four has made during the pandemic through government relief, through stimulus checks, through enhanced unemployment insurance.
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the republicans on the ways and means committee added it up with a family of four with both parents out of work would have been eligible to receive over $100,000 from the government between april 2020 and this upcoming september, when extra government benefits are expected to run out. the family would have been eligible to receive over 80,000 just in unemployment benefits, 8,000 dollars in child care credits, over 7,000 dollars with the now-doubled child tax credit and over $11,000 total additional stimulus checks that have been passed through all of these covid relief packages. they say this about the relief, "americans needed covid relief temporarily but the time for that is over. the way to help people build their lives and rebuild our economy is through good work opportunities, not by enabling an anthropology addiction to endless government tax but some senate democrats don't want that to happen. there is an effort to try to make reoccurring direct payments , stimulus checks, part of the way we dole out
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assistance to what democrats want to do, keep people out of poverty, senator booker, warren, sanders, among others trying to get president biden to not only make checks reoccurring certain individuals but also make that beefed up unemployment insurance permanent as well but as far as we know, stuart, that's not going to happen. the commerce secretary said sunday september is when the cutoff happens. stuart? stuart: 10 9,000 dollars for the average of four, two parents out of work. $10 9,000, pretty soon you're talking real money, hillary thanks for talking to us we appreciate it see you soon. still ahead house minority whip steve scalise, dr. scot atlas, sandra smith and yes, the mayor of miami francis juarez. second hour of vargasly coming up, next. 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...
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always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different. ♪. stuart: all right. good morning, everyone. 10:00 eastern time. let's get straight to your money this monday morning. the markets have been open for half an hour. all of them on the downside but that is not a selloff by any means. fractional losses about all across the board. big tech on the downside largely although we do have microsoft as minor leagues winner. facebook, alphabet, yes, apple
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on the downside. surprising actually because the yield on the 10-year treasury is at 1.57%. usually when that yield drops below 1.60 tech is favored. big tech down. now this, former president trump joined me earlier, i asked him if he would consider governor of florida, ron desantis as a possible running mate in 2024. here is his response. if you were to run for the presidency in 2024, would you consider ron desantis governor of florida as a running mate. >> certainly. there are numerous people that are great. i would certainly consider ron. you look at some republican people that have done a great job with states. you don't see that with democrats? stuart: you are considering running in 2024, how about 2022 for the house or senate, has that crossed your mind? >> some people say i should run
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in 22. i think that is highly unlikely. stuart: highly unlikely. i think we made news right there. the gentleman on the right-hand side of the screen house minority whip steve scalise. steve, good morning to you. welcome back to the show. great to see you. i got to tell you ways a little surprised at mr. trump's reluctance to come out straightforward saying i am the leader of the republican party. what do you make of that reluctance to say that? >> well, stuart, good morning, good to be with you. president trump doesn't need to say that because if you look when he gave his speech over the weekend in north carolina, when he went to cpac, he garners mores attention than anybody, even president biden when he speaks. he is somebody who has a large following. i would call him the leader of our party right now because he clearly is former president, still very popular. his policies by the way worked
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tremendously well to get our economy back own track to secure our border, to stand up for our allies around the world and stand up to our enemies. we're not seeing any of that right now from president biden. stuart: i believe you're going to bedminster later this week. that is where the president, president trump lives during the summer i believe. i believe you're going. what is the purpose of that meeting? is it to put forward trump's policies in the future and make sure that the republican party follows trump's policies? is that it? >> jim banks, the chairman of the republican study committee put this together. i'm on the road fund-raising because we're work to get the house back in 2022. i'm on the road a lot. we're continuing on the road to raise money. we're getting tremendous support around the country because people are really disturbed what joe biden has already done but jim banks has done a really good job as chairman of rnc.
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he wants to put together an agenda like we all do to focus on conservative principles that work. it is not just opposing what president biden has done. we're opposed to the radical policies, socialist left movement, paying people not to work. massive inflation, letting our border get completely wide open n addition to that we want to lay out what the conservative principles are, jim is one working on it. that is one of the things i will being talking about with president trump. president trump is very interested in helping us get the house back whether he runs himself or not is a different story but, he really does care about this country still. is very concerned about the direction that president biden's taken us in. stuart: here is what i hear from many, many people, they like trump's policies, they were successful, not so keen on trump the persona and how he came across. what say you? >> well, if you look at what's happening right now, you know, i think for those people that would say that, they are very
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concerned about the economy. if they wanted toe add on to their house or buy a new house now, they will be paying $35,000 more for that house than they would have a year ago. we're not seeing growth in the economy we should have. look at israel under attack. president biden who spent more time trying to help iran get that nuclear weapon if you look what president biden has done on russia. he just gave a tax break to russia to build their pipeline, the nord stream pipeline to germany around said no to the keystone pipeline are and insulted our friends in canada. policies that are devastating. they like the policies of president trump and they're probably longing for those policies to come back. stuart: okay. congressman, thank you very much for joining us this morning. i hope you're well, fully recovered. i believe you are. god bless you steve scalise. >> thank you, stuart.
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stuart: back to the markets. we've been in business 35 minutes this monday morning. mostly lower for the big indicators, dow, s&p, nasdaq. not that much of a selloff but they're down. bitcoin, where are we this morning 35, 36,000 bucks. i asked president trump the whole thoughts on the crypto marketplace. roll tape. >> i think they should regulate them very, very high. the currency should be the dollar. when you have things out there, stuart, what happens, you lose something it takes the edge off of the dollar. stuart: all right. jason katz, market man of this morning with bitcoin at 36,000 bucks, down at the moment. jason joins us right now. do you think it's a scam, jason katz? >> look, the taxman is coming. the regulators are coming and central banks are coming. there is competition for cryptos
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now. so i'm not going so far to stay it's a scam but i think the bloom is coming off the rose, let's put it that way. stuart: got it. president, former president trump says he does not invest in the stock market. he thinks it is too high. he is a very high-profile guy. you deal with high-profile people. what do you think? >> i think that in spite of the runup, in spite of the fear of inflation, you can still be long the economically sensitive areas of this market. look, it's logical for him and anyone to be suspect of this rally, especially in the face of this meme stock phenomenon but all these air pockets we've seen, high flying ipos or in spacs or bitcoin coming down? has that rattled the market? it really hasn't. in the case of the meme stocks i don't think that is going to either. so the short answer is i would remain long inspite of 80% move
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off of the bottom because we'll get 7% gdp growth this year. we'll have 40% earnings growth this year. we raised our estimates for next year for 8% earnings growth. stuart: you say the bloom is off the rose with cryptos. is the bloom off the rose with these meme stocks? >> look, this is no different if you think about it and proliferation of online poker or sports betting or in game betting. just another version of it and the constituency of people that are playing this game on a relative basis are pretty low. so when you saw the wind come out of the sales of the high flying ipos or the spacs i mentioned before, did that deter the reopening of the economy? did it deter the market moving higher? no. i think this s&p powers higher to 4400 by year-end. does that mean all the low-hanging fruit is there for us?
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no. you can't mistake a bull market for brains. you have to do your homework, hire a professional. easy pickings have happened. you have to be a thoughtful investor. the fed has your back. the we have 30% m-2 growth the last year and had the balance sheet of the fed expand 90%. there are consequences to that but in the meantime that is a saw nammi of liquidity. stuart: a tsunami, i used to say the high tide of liquidity. you're quite right, by the way. trillions make a tsunami. jason katz thanks for joining us. >> thank you. stuart: there is a hacking group. it is called anonymous, i don't know where they get the name from but it is a anonymous in quotes, going after elon musk and crypto. tell me the story, susan. susan: a anonymous say elon musk is a target because of constant trolling. people are beginning to see you
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as another narcissistic rich dude desperate for attention. anonymous is serious hacking group. they have been linked to cyberattacks on police departments, politicians, financial companies and religions. they went on to say expect us, to elon musk. i don't think it's a veiled threat. i think it is pretty obvious, isn't it? at the bitcoin miami conference, stu, it is divided, divided right now the thoughts and ideas on elon musk. some like him because they think he is a icon. he can see the future. that does include cyber and also of course bitcoin and cryptocurrency but some hate him because they want him to stop tweeting about bitcoin. i saw this advertisement taken out in miami at the bitcoin miami conference says, elon musk, please stick to space only. stuart: oh. okay. big sign right there. microstrategy, isn't that a crypto related stock? susan: that's right. stuart: and it's down 1 1/2%.
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what is the story? susan: this morning, actually an hour ago, they say they're raising $400 million to buy more about it coin on the dip. they already own roughly 2 1/2 billion dollars worth of bitcoin. along with test today, these are the first companies to use capital to buy cryptocurrency. they have lost money on the bitcoin holdings with the slide in price recently. speaking of tesla, the chip shortage, other supply chain issues causing production problems. that means cancellation of the plaid plus model s, because tesla has a regular model s played coming out later on this week. has a shorter range. but goes zero to 60 in two sections. that is pretty good. kkr will buy airport services company, atlantic aviation. 4 and a half billion deal. growing demand for private jet services in cases you need one, stu yeah? >> i know all about atlantic aviation actually.
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not because i use private jets. because they're big at teterboro which is one of the most active private jet airports on this planet. susan: you know that because? , because? stuart: i didn't know they were worth four billion, leave me alone. i don't know they were worth four billion dollars. tell me about microsoft. change the subject. susan: won approval from antitrust regulators, why microsoft is outperforming the rest of the tech sector today, because they have gotten the go ahead for that 16 billion-dollar deal to buy a.i. communications company nuance. that is expected to close at end of this year. >> that will get you. 16 billion bucks. up goes microsoft. a restaurant in california says if you wear a mask in his place you get an extra charge. the owner of the restaurant is here. i will ask him why are you doing that in call born, coming up. plus logan paul and floyd mayweather went at it last night. watch. >> right upper cut to the face.
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logan paul is eating these shots. >> he is. but they will add up. stuart: fans are up in arms because a glitch shut down their streaming of the fight. we've got the full story for you. first. president trump told me moments ago that senator manchin is doing the right thing with not ending the filibuster. so what happens to democrats agenda. we'll get into that too. ♪. ♪ na na na na ♪ na na na na... ♪ hey hey hey.
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if they have got to keep the filibuster, right? >> i think exactly right, stuart. i think the democrats will learn a very important lesson in the midterm it take as bipartisan effort to got things done. american people expect it. as you know hr-1, that is no more than a federal takeover of our election process. listen, our founding fathers knew politicians in d.c. could not be trusted with such an important decision. that is it why they left it in the hands of the states to decide elections. really what the democrats are after here, trying to do away with voter i.d. they as you know, tried to normalize the idea that voter i.d. is racist which it is not. voter i.d. protected integrity of elections across the country n oklahoma, when i served in the legislature before i became a banker we saw record turnout of minority voters after we passed voter i.d. this is about them, the woke mob making everything racist. actuality trying to keep people
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from cheating. that is what the states are doing. the federal government trying to take over to prevent that, so they continue to fix elections in their favor. that is really what this is about. stuart: i agree with you, it is about that, but there is more to it, if you keep the filibuster, if you got to get 60 votes in the senate, that means you have to have 10 republicans on your side, very doubtful that the democrats could get the 10 republican senators come over to their side on things like infrastructure for example, or maybe down the road on taxes, i don't know. it makes it, the whole thing, the whole bernie sanders agenda much more difficult to get through. i see this as a major win for those who don't want a left-wing take over of the country. am i going too far? >> no, you're exactly right. in fact that would be majority of the country. the majority of the country recognizes that the aocs of the world really have hijacked the democrat party. this is not your grandpa's democrat party anymore as you
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would say. the reality is they have gone so far to this radical left that really they're trying to indoctrinate people with marxism. you see it from everything from critical race theory to defunding the police, abolishing the police. these radical ideas that you're seeing, really the senate filibuster is the last stop gate for so many of these issues. there is a fix to this. you don't have to do away with the filibuster. what you can do, sit down with republicans, come up work with bipartisan effort like the state legislatures doing across the country and bring forward legislation that will move the country forward, will heal the country but unfortunately president biden which is really the third term of barack obama, he is really done nothing to bring the country together. all we've seen is further division, further demonizing people and hr-1 and doing away with the filibuster is another example of that. kudos to senator manchin, standing up trying to work in a bipartisan fashion. that is what the founding
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fathers thought. that is what they decided. that is the way this country should be moving forward. unfortunately the democrats are unwilling to do that. stuart: you're from oklahoma. you are a republican. do you support, you're smiling, you know what is coming. do you support donald j. trump as the leader of your party, would you support him as the republican candidate in 2024. >> absolutely on both. you know, again donald trump did more to transform this country in a positive way, particularly for minority communities. you look at how he grew in every, nearly every demographic this past election there is no doubt he is the leader of our party. he hasn't formally declared he wants the nomination yet. i think certainly if he does, the party will line up behind him and get it. but republicans, we're not like democrats. we don't all fall in line and begin to think about one person, one personality. there will be discussion about who our nominee is, make no doubt about it, donald trump is
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the leader of the republican party. if he wants the nomination, he will have it, he will have my support like he did last time when i chaired the plaques voices for trump organization which grew voting for african-americans exponentially. stuart: we like the way you go at it. we appreciate that. come back soon, sir. got it. >> thank you for having me. stuart: i got to get, sure thing, man. the infrastructure negotiations. president biden meets shelley moore capito again today. ashley, good morning to you. ashley: good morning. stuart: how close or how far apart are they from a deal? ashley: not very close i'm afade, stu. there is still substantial gap between the proposals, somewhere north of $750 billion. that by any account is a lot of money. biden is proposing a $1.7 trillion package. republicans added 50 billion to their 928 billion-dollar offer last week. the president says, that's not
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enough. biden is also told republican senator capito that he want as bill to include at least one trillion dollars in new money. the republican plan only allocates, i say only, 250 billion-dollars in new funds. the talks go on including how to pay for it all. that is a very big issue as well. i wouldn't hold my threat for a breakthrough today, stu. stuart: you're right. the only 250 billion. if it ain't a trillion dollars these days it's nothing the way it is these days. my, times change, don't they? thank you very much, ashe. president trump says vaccines helped us get back to normal. does that mean companies should mandate them? good story. we're on it. plus we showed you this sign from a restaurant charging customers for wearing a mask. that is not the only additional fee. the owner of that restaurant is here next.
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and new york city, upstate new york, it seems like it is pretty much back to normal with the exception of maybe of california but the rest of the country, it seems like we're back to, back to normal. does it feel that way to you, sir? >> well if we doesn't have the vaccine you wouldn't be saying that. the vaccine made a tremendous difference. i spend a lot of time in florida. if you go down to florida it really is, they have done a really good job. ron has done a great jobe. it really is, as though you just don't see it, you don't see it. people are, people feel free in florida. stuart: yeah. okay, that was president trump on this show last hour. ashley, come in please because you're in florida. i guess do you agree with what former president trump had to say? ashley: absolutely. it has been that way for a little while now t was way out ahead of the curve compared to the rest of country, possibly texas but florida has been on
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the forefront, you go out now, this weekend it was absolutely packed everywhere. you go to a restaurant. we had to be put on a waiting list. 20, 25 minutes to get a table. it is just full on. it has been that way for a little while now. if there is anything back to normal i think florida is it. stuart: okay. grad to hear it. it is nice, the way the former president described it was, you're free in that. i can see that. ashley: yeah. stuart: masks are off. social distancing broken down, et cetera, et cetera. all right, ash. you have a good ol' time in florida. ashley: i will do my best. stuart: market is a mixed picture, really. not a serious sell off, the dow, subpoena, nasdaq are all down. show me beyond meat, please. i asked for this because they launched beyond mat bales in australia. they cost 15 bucks for a pack of 12.
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that can't be the whole story, meatballs in australia but they are up 5%. hormel, announced purchase of planters, the peanut people, they bought them from kraft heinz. the stock is virtually unchanged. notice this is the first time ever that we talked about hormel and not used the word spam. okay i just did but there you go. look at this one, it's a sign, show it to you again. outside of a california restaurant warning customers they will be charged with wearing a mask. owner of the restaurant is chris castleman he joins me now. chris, i thought in california mask wearing was mandatory. now you're charging people for obeying the law, coming into your restaurant. what is going on here, chris? >> yeah. thanks for having me on the show. my dad watches you every morning. we're charging people five dollars. it is not a large price to pay.
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we donate all the proceeds to charity. i think it is, it is time to fight back against these mandates, like you mentioned around the rest of the country. things are back to normal. you're free in florida. right now we're underlockdown 15 months still in this california. time to fight back. stuart: how many people have walked into your restaurant, wearing a mask, and paid the 5-dollar extra charge? >> all but one. we raised a couple thousand dollars for charity so far. stuart: so you have had that many people come into your restaurant and wearing a mask and pay the five bucks? you have $2000 collected already? man, your food must be good? >> well we put the sign up before memorial day weekend. that is usually our second biggest weekend of the year. we're a tourist town on the california coast. so we get very busy. the pandemic shuttered close to half the restaurants in town as well.
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that never reopened again. so, it is slim pickings here when you're looking for somewhere to eat. stuart: what has been the reaction, generally speaking to people who come into your restaurant? >> generally the mood is great. i mean people they like the idea of it. you know, they might agree or disagree with masks but i think they understand that the conversation around what is the collateral damage that's been done from these shutdowns, i think they understand that is a conversation we need to have now. we need to make sure it never happens again. we need to support these charities that are dealing with the overwhelming consequences of the lockdowns. stuart: if i were to say, californians in general are fed up with newsom and masks and covid, would i be accurate? >> most of them r i think there is still a small holdout population that is, that is really bought into all of this mask stuff despite the science, despite the cdc coming out and
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saying that if you're vaccinated you no longer need to do these things. ply zip code is about 90% vaccinateed yet i see 90% of people walking outside by themselves with a mask on. so i think there will need to be a psychological change happen in people before they take the masks off. stuart: fascinating. chris, thank you very much for being on the show. fascinating story. please, give my very best wishes to your dad who you told me watches the show frequently. hi dad, you're all right. thanks very much indeed, gentlemen. thank you. we told you about restaurants struggling to fill positions. some are turning to what is called an on demand hiring app. susan you have to explain to me how this thing works. susan: might be hard. think of craigslist. you think of craigslist, right, gig pro or task manager?
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managers are offering higher pay for last minute workers. tough give to get. dishwasher typically makes an hour rate of $15 or so. in this case they usually get $20 an hour on gig pro. there is huge shortage for labor. half of restaurants are operating with only 20% less staff than usual. that is according to the national restaurant association. they need to find people to fill the positions but the problem is, according to the work experts you will be treated as an independent contractor if you go through the on demand hiring apps. another way to get workers they say, to pay up front. pay 50 bucks for anybody that shows up to work, right? whether dishwasher, you pay them more per hour. stuart: 15 bucks an hour for a dishwasher. susan: 20 on gig pro. stuart: okay. in my day it was a lot less. i have been a dishwasher in my time. susan: how much, tell me? stuart: it was in england in the early 1970s. it would have been about 50 cents an hour by american
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standards. susan: wow, okay. what year was that? just so i know for reference? stuart: 1970 to 71. susan: got it. stuart: those are the days, susan. you missed them. miami's big crypto conference this weekend. did the mayor of miami convince any new companies to move there? he is big on tech moving to miami? well he is back on the show and i will ask him about that. royal caribbean reversing course. now saying passengers do not need to be vaccinated. live report from the port of miami next for you. ♪.
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stuart: can just see her peering through the mist there, statue of liberty in new york harbor. cruise lines will finally set sail next month. one of them, royal caribbean, backtracking. they will no longer require people to be vaccinated. sounds like a cave to the governor of florida, desantis to me. phil keating is at the port of miami. phil what restrictions are they keeping in place? reporter: royal caribbean is still strongly recommending all of its paying passengers for this first round of cruise ship resumption, you know, they're encouraging them to be vaccinated. they say about 90% of people paid for tickets are vaccinated or are intended to be vaccinated by the time of departure. you don't have to wear masks and when you're at the buffet line, which is very popular amongst cruise ship goers you cannot serve yourself. they have to put the food on the plate for you. not that bad of a thing.
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celebrity millennium right now is cruising in the caribbean. this is the first cruising ship with paying passengers in 15 months. that is when the cdc issued the no sail order once the pandemic and reality of it all was really was impacting but not here in port of miami. this ship did not depart out of here because u.s. crewses from u.s. ports are still a couple weeks away. the millen y'all left st. martin saturday through barbados and bermuda. all passengers, 16 and older, 100% of the group all had to be vaccinated which is what the cdc wants. the industry mostly gone along with. the ship has new air purifiers all over the place and abundance of cleaning. 700 passengers on board the ship. that is about 30% capacity. sailing from florida ports
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remains in flux as the state of florida filed suit against the cdc for its vaccine requirements for passenger which by state law is now illegal. >> we're going to be sailing hopefully very soon but there is not been a single elected official in this country who has done more to liberate the cruise lines from a bureaucracy that is totally out of touch and that quite frankly is exercising authority that they do not possess under the law. reporter: royal caribbean is planning a test cruise from port of miami june 20th. the celebrity edge is set to sail june 26th from port everglades with vaccine requirements. seattle to alaska cruises are returning, starting july 23rd. but really a lot of this depends on who wins this federal court battle between the state of florida and the cdc over who has the ultimate authority to dictate the rules for returning
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passengers to cruise ships and to get the cruise ships going. so kind of an evolution. a bit of a flux of the state for the cruise ship industry right now. stuart? >> with florida almost back to normal by the looks of it, it would be nice to see the cruise industry get back to normal. we shall see if that happens. phil keating, thank you very much indeed, sir. appreciate it. we're learning a lot more companies are now requiring new hires to get the vaccine. want to come back to work? get vaccinated. who is the latest company to do this, ashley? ashley: united airlines says the new rule requires external candidates with job offers made after june 15th to confirm they have been fully vaccinated by their start date. it follows a similar move by delta air lines. in fact united, delta, american have offered extra time off or pay to employees who indeed are vacs it thatted. but even big employers like walmart have taken similar measures. now the move comes as companies
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are struggling with whether to require employees to get vaccinated or find a way to incentivize them to get the jab. extra pay, vacation, and so on. it is interesting because back in january united airlines ceo scott kirby said, yep, he wanted to make covid vaccines mandatory for all employees but sofar the airline hasn't taken that step. but it is an issue being debated in boardrooms all over the country. stuart: yes, it is. ash, thank you. boxing fans outraged over the highly anticipated floyd mayweather, logan paul fight. outrage all over the place. all right, susan. what happened? susan: well the feed was cut. it cut out at 8:00 p.m. if you were paying 50 bucks per per view you want your money worth. fans struggled throughout the night to watch the fight. many turned to illegal streams on internet. this is a blow to showtime which expected the fight to drive new
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subscribers to premium cable and new streaming service but the fight went the distance. it went eight rounds, 100 million-dollar payout to floyd mayweather. how spoke exclusively at the bitcoin event in miami. he was there talking about crypto. listen. [shouting] >> another countershot. >> another. >> oh. >> honestly everybody should have their own mine and choose what cryptocurrency they want to choose. what i believe in just being independent and doing what you want to do. it is about people winning their life. i push people to be winners in life because i'm a winner. susan: indeed he is. undefeated champion there, stu. you know this is unexpected. because we didn't know if he would talk to us because they said no interviews before the event. we managed to go backstage. we asked him about crypto. he seems very enthusiastic about cryptocurrency. that is unbelievable the fact he talked about ethereum. you should have the choice to
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choose between bitcoin, ethereum, dogecoin, whatever you like. i think the future when celebrities like floyd mayweather says this is something to invest in. this is the future of money right here. big money. stuart: he certainly clobbered logan paul. that clip you showed there. a couple of big haymakers were landed on logan paul. he didn't go down. there is another one for you, twitter, will launch a brand new feature. all right, susan, a, why should i care and b what is it? susan: talking about paid super followers in the subscription service. in the future stuart varney wants to tweet more, make more money off the platform you do have super followers willing to pay the monthly fee that will need to get exclusive content. think of something to produce for them, stu? twitter launched blue premium service, 2.99 a month. includes the undo button people want and need. twitter is trying to monetize off the 200 million users. we know user growth has been stalling last quarter.
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in case you care about social media, i'm not sure you do but for those that do. stuart: i'm just angry at social media actually. i don't see how facebook and twitter can ban a former president of the united states. i just don't see that. i just don't see it but that's me. got to move on, sorry. have you seen this video yet? i hope you have. the dad and daughter, the duo rejecting critical race theory, if you've not seen it, good stuff, roll it. >> daddy teaches you can be anything in this world that you want to be, right? don't daddy teach you that. >> yeah. it doesn't matter if you're black or white or any color. stuart: isn't that good stuff? well, has the father received any backlash after posting that video. i will ask him because he is on the show. first, former president trump told me a year ago he said covid came from the wuhan lab but big tech and the media shut him down. why he says china now needs to
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♪. >> i said that it came from the lab a year ago. i had no doubt. i said it came from the lab a year ago and the fake news media and the big tech shut me down for saying that but i say it then. i say it now. now i turned out to be right. there is no question in my mind it came from the lab. it is the single greatest attack on the world and not just us, on the world in history. and they have to pay. they have to pay. stuart: all right. there you have it, former president trump saying covid was the single greatest attack on the world. dr. scott atlas joins us now. mr. trump said he knew could have individual came from the wuhan lab a year ago. what are your thoughts on the origin of covid-19? >> well, thanks, stuart. i think what we see from the emails right now i don't think it is proven of course but you know anyone with common sense would think it was a likely possibility even back then and
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what we see here in this trove of emails, in this pathway of discovery which should have been done a year ago, more than a year ago, is a real disgrace to science and to the media and what i mean by that, when you look at the emails, there was a letter written to "the lancet," a very prestigious journal back in february, obviously was just a non-scientific statement of falsity that was saying it was a conspiracy theory to say it was out of a lab and it was basically a political intimidation of other scientists. these people that wrote that letter should be a disgrace. it is a disgrace to science. it is a disgrace to the country and to actually the journal, "the lancet," the editors should have be ashamed of themselves. they were perpetrating false information as if it were fact on the public out of a political desire in my view refute president trump. and it goes down even more than
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that stuart, because when you look at these emails from the fauci trove what you see is a public official who was unethical perpetrating misinformation he knew the data that masks did not function to stop this virus on a widespread way. he knew that the data on immunity existed after infection. he knew the data on the low risk to kids. yet all of these things were instead spread to the public as misinformation and people like me, who said the truth were right 100% of the time on every single thing i said but your colleagues in the media decided to be political as did some of the public health leadership in the country. it's a disgrace to the united states and it had massive harms because what they recommended was implemented. what these public health officials, the fauci birx lockdowns were implemented. they failed. they failed to save the elderly. they failed to stop the spread
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of course because they weren't indicated and in fact they destroyed families, particularly low income families. the working class was dei had from. they closed our schools and sacrificed america's children all spreading misinformation, pseudoscience while the people who were saying the truth were vilified. stuart: we hear you. >> what i say now is finally the journalists are doing their job. where were they a year-and-a-half ago? it is again disgrace. stuart: we'll said. >> that is why people because the -- stuart: i have to go, i'm terribly doctor. i hope you feel vindicated, doctor. i'm sorry i'm out of time. my apologies. coming up sandra smith. border guy art del cueto, mayor of miami francis suarez and a whole lot more. we'll be back. a fund that invests in the innovators of the nasdaq 100
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>> the fact is these hacking attacks are very very serious and they are getting incredibly, you know, you look at the number of them. nobody has ever seen anything like this. stuart: how do we stop it? >> well the way you stop it is go back to a much more old fashion form of accounting and things. currency of this world should be the dollar, and i don't think we should have all of the bitcoins of the world out there. i think they should regulate them very very high. it takes the edge off of the dollar and the importance of the dollar. it's the single-greatest attack
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on the world, and not just us. on the world, in history, and they have to pay. it came from china. it came from the lab. it's the china virus. the vaccines made a tremendous difference, and again, some people feel negatively about taking it and you have to, you know, you have to stay with their freedoms. people feel free in florida, i can tell you that. and it's still that way in texas stuart: if you were to run for the presidency in 2024, would you consider ron desantis, governor of florida, as your runningmate? >> sure, i would. they allow dictators that say " death to america" that's okay. "death to israel" that's okay but with me they take me off because they are radical left, crazy people and i was one of the top, by far, on twitter and zuckerberg said, top on facebook they are a disgrace to our country.
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they don't have free speech. we don't have free speech any more. people's attitude on work seems to be different beyond the money that's an incentive that they not go to work but people, i don't know. you know exactly the purpose of your question is interesting, because did it change their psychology on working is really sort of what you're asking, not just the money incentive because eventually that wears out. >> ♪ ♪ ♪ stuart: it's monday morning, june 7, 2021. you just heard a little from my interview with former president trump. he was on the program earlier this morning. quickly, let's check the markets downside move for the dow, maybe 50 points lower that's it an eight point drop for the s&p that's it and eight point gain for the nasdaq. stocks pretty much mixed to flat
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right now, no clear trend and look whose here. sandra smith jones us. >> hi. stuart: welcome back to the program. it's great to see you again. >> you too. stuart: the president told me, former president trump told me earlier this morning that he thinks the workforce has changed , and people don't want to go back to work. that was an interesting perspective from the former president. what do you say about that? don't want to go back to work. >> i think that it's, obviously siding with the employers in this case. i don't think that you can't ignore that there's been a significant change in the way people see work, the way they want to go to work, the amount of productivity as a result of all of these changes. what i thought was interesting and great interview, stuart, on that. what i thought was really interesting was that he said, but it goes beyond the disincentive to go to work so he was referencing the federal extended unemployment benefits that now 25 and counting states have
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decided to end because so many of the businesses were telling their governors, we can't get people to come to work because of these checks, so they are ending those benefits, but president trump went on to say he believes that there's a change in psychology about the way americans want to work and the way they want to go to work and i think that's a really interesting point that i think we have still yet to discover what that is, and how long that lasts, so i think it's an interesting observation. i think we're going to learn a lot more about that. stuart: next case is senator joe manchin. i'm sure you know this , sandra. >> yeah. stuart: he says he will not vote for his party's election reform bill. just watch this please, sandra, and our viewers. roll tape. >> i think it's the wrong piece of legislation to bring our country together and unite our country and i'm not supporting that because i think it would divide us further. i don't want to be in a country divided any further than i'm in right now. stuart: he went on to say he does not want to end the filibuster.
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i think that makes it a little unlikely, highly unlikely, actually, that some of the more radical proposals from the far left will actually get through the senate how about you? >> absolutely and in that piece that he penned in the charleston gazette, he said that partisan voting legislation, stu, will destroy the already-weakening blinds of our democracy. i mean, he did not mince words and went on to say that voting and election reform done in a partisan manner will all be ensure partisan divisions continue to deepen. his voice, obviously, incredibly important, and very powerful, by the way. says we have to get this done on a bipartisan basis, otherwise you divide the country further. that needs to be out there, he said he's still willing to work across the aisle on this issue. we'll just see how many more democrats and republicans are out there like him. stuart: we just don't nowhere this thing is going, but we do know it's going to be a summer
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of intense political activity. >> absolutely. stuart: and all kinds of fights, republicans vs. democrats, internally, moderate democrats versus their far left, and then president biden kind of sitting in the middle trying to adjudicate what's going on and hoping to get some of the program through. it's going to be an extraordinary summer and if the back drop is violence in our cities, it's going to be quite a time, is it not? >> and so that point, the own us is on this administration, right, stuart, to bridge the divide. this significant divide in our country right now, and this coming from an administration that promised unity. you remember president biden talking about that during his campaign, and when you saw what happened last summer, he came through and said that he was going to bring unity to this country, and so even his own party is calling on him to do just that. we certainly need it. stuart: it will be very
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interesting to see if he can push anything through without using the filibuster on a 50/50 basis. that be awfully tough. it only takes one descenting democrat and that's upset the whole apple cart. >> stuart great interview this morning appreciate it. got a lot of news for our show this afternoon on it. stuart: oh, good. very good. i'm happy to do that for you, sandra thanks for being with us we'll be watching you on " america reports" 1:00-3:00 p.m. eastern only on fox news, today. let's take a look at the cryptos why not? we have the bitcoin at 35.9 it's down today, but ethererum is up slightly, 27.66. now, listen to what president trump said about bitcoin. roll tape. >> i think they should regulate them very very high, but the currency should be the dollar, and when you have things like that out there, stuart, you know what happens is you really lose something that takes the edge off of the dollar
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stuart: there you have it. the former president is not a bitcoin or crypto fan, by any means. nathan latka with us this morning. nathan, you've been on our show before, you're a young guy. i think you're a millennial and you still qualify for that. i've got a question about people who make money in cryptos or meme stocks. if they've made some money, and we've had a lot of them on the show who have, not a great deal of money but a couple thousand bucks maybe, they've made it. where do you think they should put that profit, back into crypto, back into meme stocks or some place else, where? >> well, if you're a millennial and you've made money you've got to be thinking long term, you have to remember with the biden administration you're going to fight inflation like you wouldn't believe. one thing is for sure, money will be printed which means you're sitting on cash from those crypto gains, the dollar today might only be worth $0.50 or $0.75 a year and a half from now so take those gains and listen a first time home buyer is not a bad route to go.
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get the fha loan, put the min um amount down and live in it and let the asset value increase overtime. the second thing you want to look at a lot of you guys made money on crypto you love what ethererum is doing, you like what blockchain is doing. take that technology mind set and go buy a side project. use something like remote.com to manage remote employees and you can find these side projects doing two or three grand a month on places like github. go buy those companies and grow them with the prowess you have and lastly, you saw the punches flying between the two fighters, one is an an anthropology olympian, audience is so important, if you're young today and you're sitting on cash from crypto gains, invest in building your own audience because it will pay off for you over the next 20, 40, 60 years. you might not be in a $20 million one-time fight with floyd mayweather but use your audience to generate more cash flow. stuart: i hope you're wrong about inflation.
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if you think that the value of the dollar is going to go down 25-50% within the next year and a half, you're predicting dramatic inflation. last 20 seconds to you. inflation. >> stu, we're both praying here i don't want to see it happen. we're going to see what happens but i have to tell you about trump's comments on crypto. there's a reason china is fighting so hard against crypto. when trump's people and some of the smartest people and biden's people and some of his best people, when you look at crypto and blockchain you have to understand is there an opportunity here you go back to think about what happened in 1971 you think about dollar as currency, is there something that the u.s. government can do here to actually bring blockchain in as an asset from a foreign relations perspective et cetera, have to remember there's a reason china is fighting crypto so aggressively. can the united states use that to its advantage? stuart: nathan latka, thank you very much for joining us. we always appreciate it and come back soon. >> thanks, stu. stuart: show me the markets, please. let's have a check on that we've been in business for one hour
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and 40 minutes, and the dow is down 80, the nasdaq is up 8. susan is watching apple, what's the news? >> we have the worldwide developers conference kicking off in just a few hours so we're looking for new updated i- message functions so sort of like what the facebook what's app does, also privacy controls will also be a focus and maybe some surprise hardware rollouts like maybe the mac book pro or next generation air pods so we'll see what they do in a few hours time that's important also meme stocks are back. check out amc, game stop apparently they are so big now, that they might be included in the russel 1000 index, also lots of debate this morning about naked shorts where banks don't own the stock, but they loan out to short, and that's memes what shorting means is they bet the stock would fall so wall street is wondering if first of all this should be legal, and if it's contributing to the incredible rally that we've seen in amc in the bed, bath and beyond, the game stops because when the stocks rally like they have, shorts are squeezed, the
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banks along with the hedge funds offer to buyback the stock and for the banks they don't actually own it so this means a sharp spike in the stock price when everybody is just piling into buy the stock back. stuart: that's exactly what's happening with amc right now. susan thank you very much indeed here is a surprise. conservatives, i repeat that, conservatives host a climate change rally in miami. they say the environment is no longer a partisan issue. we've got the story. a father/daughter duo, their video goes viral because they are speaking out against critical race theory it's a great video so watch it again please, roll tape. >> how we treat people is based on who they are and not what color they are. >> and if they're nice and smart. >> see , this is how children think right here. critical race theory wants to end that. stuart: wow, that dad will join me in just a few minutes. and yes, it has now been 75 days since vice president kamala
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harris was tapped to lead the border response. she's in guatemala today, she still has no plans, that we know of, to actually visit our border maybe trump will get there first he said he was seriously considering it. stay with us, third hour of "varney" just getting started. sometimes, you want speedy but reliable. state-of-the-art but dependable. in other words, you want a hybrid. so do telcos. that's why they're going hybrid with ibm. a hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. from telco to transportation,
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5,800 migrants, many of them on this property, a rancher's property this is a creek beyond that about a mile south is the rio grande river, but of the 5,800 migrants in the last seven days they've encountered, stuart, they are from 29 different countries, and that is why vice president harris' trip to guatemala where she is right now to solve the root causes of migration from that northern triangle really doesn't address the magnitude of the massive problem coming from countries like venezuela. venezuelans alone here this fiscal year upwards of 11,000 just in del rio. now, our drone camera is up in the air and you can see , if you look at it, the ridgeline coming across in a difficult terrain that the migrants have to go to get there. now, one of the staff here that really is eye popping, a jaw dropper, stuart, is that the number of convicted sex
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offenders, that they have apprehended this fiscal year is up 1383% nearly 1400%. how do they know because when they apprehend them their biometric data shows they committed a sex offense here in the united states. for some, that don't want to be caught, you can see the running water on this creek. if they cross the river ever and then they get into this , this is where agents tell me they get into trouble when they have to go into this terrain, so when you look at the skycam, the terrain they are coming over that ridge and then you see creeks like this , it's a very difficult cat and mouse chase when they don't want to surrender and the gotaways are the ones they really want to know because those folks are more likely to have a criminal background, meanwhile the number s are off the charts in del rio as well as to my east , and to my west in el paso. stuart? stuart: griff jenkins you got that right. those numbers are off the charts
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griff, great stuff thanks for joining us appreciate it. now let's bring in art del cueto , vice president of the national border patrol council. art, vice president harris is in guatemala today. she still has not announced any plans to go to the border, our southern border. do the border patrol people want her to go to the border? >> well, i think she needs to come to the border so she can see what's actually going on. you know, it's great that she's going down to guatemala trying to figure out things with their government but i think for you to be properly prepared, you probably should go to the border where the problem is at and that's our southern border. stuart: now, we just heard from griff jenkins whose talking about just the surge continues. is there no sign at all that the numbers coming across our southern border are beginning to slow down? any sign at all, or is it going the other way? >> it's actually going the other way and i'll tell you one of the things that griff did a fantastic job of speaking about is these gotaways.
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when you're catching individuals and they aren't facing consequences, yet you're still apprehending individuals with serious criminal background, it is very scary to think who are these other individuals that are not being caught, and i'm hear ing the number is, you know, well over 300,000 that have already crossed, and have not been apprehended. we don't know who they are or their intentions and i can tell you that a third of those individuals have crossed down here in arizona and that's been probably some of the issues focus on it is they don't have the visual. gotaways don't have the visual that says let's do this , but i'll tell you it's a much bigger problem, people from all over the world. stuart: thanks very much for being part of our border coverage, art. we need to hear this , because it's not being broadcast many place else. art del cueto, thank you very much for joining us we do appreciate it. thanks very much. let's stay overseas. president biden and prime minister boris johnson, the
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british prime minister, are meeting for the first time this week. ashley? the prime minister is upset with our president? what's that about? ashley: apparently, well, according to reports the uk prime minister reportedly upset that president joe biden referred to the special relationship between the u.s. and uk during a phone call between the two leaders. what's wrong with that? well, according to the profile article on boris johnson in the atlantic magazine, johnson doesn't like the special relationship term because he says it makes the uk seem needy and weak. all right, the term is widely attributed to britain's war time prime minister winston churchill , something that johnson wrote a book about and absolutely idolizes so the special relationship phrase is often used these days by politicians that are apparently and for whatever reason, boris apparently is not a fan and says it makes the uk
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appear weak. stuart: okay not touching that with a 10-foot pole. next one, ashley. as you know, harry and meghan announced the birth of their daughter, lilibet diana, i think the name of the child? ashley: yup. stuart: but i don't know that was announced yesterday. what's the response of the queen and the royal family to this? ashley: well they've all said what you'd expect them to say. they released a statement yesterday saying how delighted they were and congratulating harry and meghan and archie on the new addition to the family. there are reports they called the queen and charles and william after the birth of lili bet, which is by the way a nickname for the queen herself and family and they called immediately and told them the news, and the name, and of course i think that it's being genuinely positive, some look at this as a olive branch being put out by harry and meghan to the royal family but let's be honest
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they've been doing nothing but trash the royal family over the last several months and very publicly so with oprah and on podcasts and what have you whether this will do anything to help soothe some of those wounds i'm not sure, but there you have it. the royal family saying all of the right things and saying how delighted they are. stuart: by the way, lilly will become a princess when currently , prince charles becomes king. did you know that? ashley: that's right. no, but you're right. she will be eighth in line, i believe. stuart: yes, prince archie and princess lilly. that's how it'll be. thanks, ash good stuff. ashley: sure. stuart: now let's get real serious shall we? a psychiatrist tells an audience at an ivy league college that she has fantasies of killing white people. it's a disturbing clip but we will play it for you.
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in miami well they just wrapped up the world's largest crypto conference. did it convince any companies, tech companies to move to south florida? that's what the mayor of miami wants, francis suarez is on our show, again, next. >> ♪ ♪ ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) some days, you just don't have it. not my uncle, though. he's taking trulicity for his type 2 diabetes and now, he's really on his game.
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>> bitcoin, it just seems like a scam. i don't like it because it's another currency competing against the dollar, essentially it's a currency competing against the dollar. i want the dollar to be the currency of the world. stuart: by the way, bitcoin actually dipped just a little after president trump called it a scam; however, i've got to tell you that the president of el salvador disagrees. ashley, come on back again. what did the president say about bitcoin? ashley: yeah, well, listen he's a big fan, apparently looking to introduce legislation that will make it the world's first sovereign nation to adopt bitcoin as legal tender, right alongside the u.s. dollar. the president of el salvador announcing a partnership with digital wallet company "strike"
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to build the company's modern financial infrastructure using bitcoin technology. el salvador is a largely cash economy where roughly 70% of the people there do not have bank accounts or credit cards, and while the details are still being worked out, as they say, jack mathers, the founder of strike, said this announcement will go down as the shot heard around the world for bitcoin so very ambitious plans with regard to cryptocurrency in el salvador stu? stuart: first government to actually branch out like that, i think is el salvador. as we mentioned, the largest bitcoin conference in the world just ended. it was in miami. the mayor of miami, francis suarez, he joinses, whose been a frequent guest on this program for a long time. sir, congratulations. it was a huge success. you've got a lot of people in an
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enormous amount of activity and excitement, but my question is, did you bring in any new tech jobs or tech companies to your city? >> we absolutely did. first of all, it was the largest bitcoin conference in the history of the world. we had 50,000 people there. it was sort of the big coming out party post-covid, for our city and just over the weekend we made two huge announcements two major exchanges located and created headquarters in the city of miami one was blockchain.com and blockchain.com is bringing 300 jobs at an average salary of $110,000 so it's a $33 million recurring economic impact on our city, and then you have etoro, which is an israeli company, the second largest crypto exchange in the world, also announcing a miami headquarters and they setup headquarters with about 50 jobs to start and i talked to dozens and dozens of people over the weekend, including the founders of gemini and others who are considering
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growing their presence in miami, and there's a lot bigger presence in miami of some other companies that maybe people don't know about like square and twitter already have a miami presence, and maybe we'll expand it in the future. stuart: why miami? why did you decide to try to make miami the crypto capitol of america? >> because we realized that first of all technology isn't going anywhere. you can like technology or dislike technology and debate about some of the benefits and the detriments of it but it's going to become an ever- increasing part of our world, and so for us to be successful as a city for my children to be successful, for my unborn grandchildren to be successful, all cities need to position themselves to embrace this technological economy, and so we decided to do that by differentiating ourselves and one of the ways we thought we can do it and sort of turn the cruise ship of the reputation of our city from being a fun and sun place, it retirement community to a place where you can do serious work and grow companies was to get involved in crypto and in
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fintech so that's why i did it and we're starting to see the fruit of it. you have ftx which is a major crypto exchange which spent $200 million to name where the miami heat played at the arena is now the ftx arena and that'll create jobs for children in our community over the summer and give us a resource to combat gun violence in our community. we have a variety of other crypto players that are also investing in our city, so having the largest conference and having some of these companies locate here is really making a market difference in our quality of life. stuart: okay. what's with this conservative group that held a climate rally in miami? i associate climate change, typically a talking point for liberals. any idea why conservatives are focusing on it now, in miami? >> because we realize that it's a campaign issue that young people are really focused on and
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so i think there is a, i think, a misperception that our environment is empathetic to our economy. in miami we like to say our environment is our economy. we need to have obviously clean drinking water to survive. our bay is a huge economic engine, and by the way, we have a governor, two u.s. senators and state legislature that have passed a very pro-environment agenda and they are all republicans, so i think we just have to message it correctly. we have to talk about the semantics of how our economy and our environment are inter twined on how things that are good for our environment are good for our economy as opposed to allowing it to be empathetic and i think that is something that's going to not only protect our city and make us hardened against hurricanes and other kinds of climatic phenomenon but it's also going to help our brand and investment into our city. stuart: all right, congratulations, your honor that was a fine performance over the weekend.
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50,000 people, a covid breakout. your honor thanks for joining us check those markets i want to just point out the dow industrials sliding it's not a huge sell-off by any means, the dow is up 120 and that's about 1/3 of 1%. facebook hit an all-time high earlier today, despite having banned former president trump until at least after the 2022 elections. i don't get it, how you can just ban a former president, and say you can't come on this platform. i don't get that but nonetheless investors seem to like it. it's up over 1%, 334 is your facebook price right now. question? do you have an all car just sitting in your driveway? could be worth a lot of money especially if it is a certain brand. we'll tell you which one, after this. plus, moving companies can't keep up with the surge in demand some families are waiting weeks to get their stuff delivered to new homes, we've got a report on that from illinois.
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stuart: that is the intrepid the aircraft carrier and that is the hudson driver looking out towards new jersey. new york city, 87 degrees and sunny it's a nice day in the big apple. we talked on this program about people fleeing high tax states we're seeing this in record numbers. well now, moving companies, they just can't keep up. grady trimble is at a moving company in the chicago suburb, so how far backed up are they at that company on deliveries? reporter: this company's doing
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all right because they do things a little bit differently, but some companies are three, even four weeks behind with delays, because people are moving places like illinois, even though the pandemic is waiting, they are still moving in large number s, john is the coo of mini moves and tell us the problem that you're experiencing with a driver shortage. >> yeah, so over the years, 10 years or so the driver shortage has always been an issue with moving and storage but because of the pandemic, a lot of driver s who left the industry, simply because they don't want to go into the consumer's homes, and that's caused a lot of problems. in addition you haven't been able to bring them back. and business is up 200% so people are moving everywhere simply because you know longer have to live where you work, so there's been a lot of mass exodus from big cities going into other locations like austin , texas, nashville, tennessee, parts of florida so we're seeing a double-digit growth right now during the course of our summer.
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reporter: now stu asked how long your delays are. you figured out a system so you aren't dealing with them? >> so we have a containerized model so we have 125 locations across the country where they perform at the origin of the destination. for example, some of our crew will pick-up at tampa, florida, bring it back to the warehouse, load it in the coin tearer you see behind me and use a logistics company who have predictable transit times will deliver it to the destination, and the destination partner at that location will decontainer rize and perform the delivery. reporter: instead of one driver doing it all you've got drivers along the way and stuart by the way here in illinois, nashville area, a popular place to go this box right here going to tennessee. stuart: i thought it might be naples, florida but that's another story. lots of chicago folks come to the gulf coast of florida as you may well know. grady, great stuff thanks for joining us. see you later. now, we've been telling you this for a long time. used car prices just keep on climbing. i want to get a handle on just
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how far up prices have actually gone. ashley? you got some numbers for me on used car prices? ashley: oh, i've got more number s than you could ever use stuary varney. used car prices continue to go through the roof and some will make your eyes water and your wallets cry, at least 11 brands have seen their used prices increase by over 30%. take a look at some on the list. it's fascinating how about the brand ram, up nearly 41%, ford 38%, ashton martin what? up 38% and then you have gmc, chevrolet, dodge, dodge up 36%. those automakers seeing least amount appreciation so the other side of the coin, tesla up just 6%, ferrari, oh, boo-hoo up nearly 9%, genesis 13%. in other words what we're saying here, cars with lower price
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points when used have tended to sky rocket in price when compar ed to many of those sports cars or super car brands, except, apparently for ashton martin, it is a super car and has appreciated greatly. stu? stuart: i've got more on cars. china is making a big bet on a mini car, tell me more. ashley: this is fascinating. it's the hung won mini it's a squat four-seater mini car. there it is. it's kind of cute. its become the top seller in china. it's an entry level model, costs right around $4,500, compared to a tesla 3 model which comes in at 42000, yes, while the tesla has a lot more power and bells and whistles, this mini has captured the imagination in china. it's a key attraction is the ability to customize it, it comes in about 20 different colors, and buyers can add
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details including car panels, stickers with brand logos or even cartoon characters, like hello kitty. the vehicle was a joint venture between saic and gm, and the goal was to sell more cars next year of this mini than all other countries electric automakers produced in 2020. it's one of those cars that just literally has taken off. stuart: in some parts of florida they drive around in golf carts, i can see them driving around in whatever the name of that car is which i can't pronounce. i can see it coming, ash. ashley: i can do. it's cool. stuart: i'm going to change the subject to something much much more serious, and sinister quite frankly. a psychiatrist rants about killing white people during a lecture at yale. you've got to watch this. >> loading a revolver into the head of any white person that got in my way. stuart: good lord, the doctor is
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not apologizing. instead she wants even more people to hear her speech. we will have that story. a father-daughter goes viral with their video rejecting critical race theory in schools. that dad getting backlash, is he i'll find out because he's on the show, next. >> ♪ no, we ain't gonna take it , we're not gonna take it, any more ♪ the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq
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and if you're an active or retired federal employee you may qualify to get eargo at no cost to you. >> how we treat people is based on who they are, and not -- >> and if they're nice and smart. >> see? this is how children think right here. critical race theory wants to end that. not with my children. it's not going to happen. we need to stop crt, period, point blank. children do not see skin color, man. they love everybody. stuart: that was a big hit on tik tok, a dad and daughter taking on critical race theory and look whose here. corey yeshua, the man who made the movie, is with us this morning. first of all, sir, your daughter is about as cute as cute can be, and that's a fact and you know it, and secondly, the other side of the coin, when someone talks
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like that about race and race theory, they get a lot of backlash. some of it vicious and nasty. has that happened to you? >> um, yes, it has. i've gotten messages in my instagram, you know, telling me that i'm white, or i'm sticking up for white people or i'm going along with you know this or that and i just say no, i'm going along with what's right. stuart: what's next for you and your daughter? >> just continuing to fight against the racism they are trying to indoctrinate kids with i don't know what's your evil than telling children that your skin color is the most important thing about you, so yeah, that's our plan. fight against that. stuart: in the school district where your children which you're located in, are they going to impose critical race theory and can you stop it?
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>> if they tried to, i will, for sure. they played a video about segregation a couple months back and i actually addressed the principal about it, and he was apollo get ic and he understood, so, yes, they try. i'm here. stuart: it was great having you on the show, corey and i'm very sorry that we don't have more time, but please, give our very best to your daughter because she's something else and i hope she really goes far. >> will do. stuart: thanks a lot. sure thing. now, i'm going to change the subject to something much more sinister and frankly ugly. psychiatrist tells an audience at an ivy league college she has fantasies of killing white people. david lee miller joins us. david the speaker is defending her comments? tell me more. >> she's certainly offering an explanation, stuart. her controversial virtual
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presentation to the school of medicine last april might have gone unnoticed if not for a am toker new york times staffer who posted the audio on a website and the backlash is calling for a suspension of the doctor's medical license and the subject of the online lecture was the psychopath ic problems of the white mind in addition to saying white people make my blood boil, she left nothing to the imagination. >> loading a revolver into the head of any white person that got in my way, and raising the bloody hands. like i did the world a favor. white people are out of their minds and they have been for a long time. >> now the school of medicine in a statement released after the doctor's speech made headlines said, "school of medicine leaders reviewed a recording of the talk and found the tone and context empathetica
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l to the values of the school." the doctor has put out a video on tik tok accusing yale of trying to make her lecture in accessible. >> you go to the yale center and you'll see that there's a talk released and do you know what's missing from the talk? the name of the title of my talk which is the psychopathic problem of the white mind and the create or of all of that content which is myself. >> now adding to the controversy, the doctor says that the issue of her talk was raised to the school's dean, and that nothing further that was said she's aware of the the event was not canceled. most recently doctor says her remarks were taken out of context and i quote her now, she used provocation as a tool of real engagement. stuart? stuart: well, david lee miller that was certainly provocative i'll give that. all right, david, thank you very much indeed, sir, see you soon.
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corey yeshua to that doctor, and now this. the trivia question of the morning. what is the largest sea in the world? not ocean, sea. very important. we'll be back. i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ . .
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call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy. and save at trelegy.com. stuart: what is the largest sea in the world? i got it completely wrong. i said the mediterranean. wrong. it is the philippine sea, which
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is 2.2 million square miles located in the northwestern part of the pacific, roughly there. stretches from japan all the way down to papua, new guinea. check with the meme stocks. active, to the upside. am up 17%. gamestop up 9%. blackberry up 11%. meme stocks are active. david asman in for neal. it is yours. david: by the way, the biggest fresh water lake in the world i don't know the answer to that but i think it would be a good trivia question. stuart: lake bical, i think. david: for those worrying, write it down and win the next contest you have, thank you very much, stuart. happy monday to you. happy monday to all of you. welcome to "cavuto: coast to coast." i'm david asman in for neil cavuto today. we have news from around the world. starting here at home, president
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