tv Varney Company FOX Business August 20, 2021 9:00am-12:00pm EDT
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stuart: the president will address the nation at 1:00 pm eastern today. it will not be covid this time. it is afghanistan. protests breaking out in kabul and other cities, crops to the afghan flag, that's not allowed by the taliban but is a sign of mounting resistance but the taliban opened fire killing some of the protesters.
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it remains a dire situation at the airport, the taliban blocking thousands of afghans trying to escape. that's why planes are flying out only 60% full. on the early escape flights refugees were charged $2,000 to get on board. that charge has been dropped. the defense department does not know how many americans are trapped. the british and french have sent troops to bring their people to the airport. we, america, have not done that so far. america is being held hostage by radical islam. the markets will wrap up a difficult week. afghanistan doesn't seem to be the problem. it is the spread of the delta variant and the fed tapering. the dow will be down 20 points, same with the s&p but a small gain for the nasdaq. look at this. the flight to safety, 10 year treasury yield down to one.24%. money pouring into treasuries,
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that raises the price and lowers the yield. the cryptos, 47,$000, $225 for bitcoin at this moment. in florida a tourist boom. even though there's a spike in cases. governor desantis's open up policies bringing in the crowd, 30 million domestic visitors in the second quarter and that is up 6% from the same period 2019. elon musk showed us this. you are not seeing it just yet. i want the guy dancing all over the place. he showed us a person dressed up as a robot. you can almost see it. i want to see him running around. don't let that overshadow musk's discussion of artificial
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intelligence and how he will apply it. the fake robot makes a good visual and i promise we will get that visual shortly. "varney and company" is about to begin. to afghanistan, the state department says they've evacuated 9000 people since august 14th, six days ago, 3000 were flown out yesterday including 350 us citizens. we will hear from the president later. >> he will speak for an hour, take questions and depart for delaware. will he be able to say how many americans are in afghanistan? officials don't know that number so how can they promise to get everyone out by the end of the month and 11 days, and what about all those americans
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and afghans who cannot get to the airport? yesterday retired marine sergeant brian roberts told fox news his interpreter told him taliban fighters are going door-to-door knocking to find out who the afghans were who worked with the us and are hanging them. stuart: it is a one hour presentation, that is a long time. lauren: probably less because he departs for delaware at 2:00. stuart: to go home for the weekend. does he have any other scheduled events? lauren: not that i know of. stuart: it is one hour maybe this afternoon. thanks very much indeed. we will take you to fort drum, new york, home to the tenth mountain division which is the most deployed infantry in the military. allotments to afghanistan. lawrence jones is at a diner near the base. what are they saying about afghanistan?
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>> right down the street, as you correctly said where the majority of folks are deployed in afghanistan are coming from. many are asking where is the president of the united states after vacation after vacation, statement after statement, they want to hear from the commander-in-chief and the growing message is you don't leave people behind, you don't leave american citizens behind. they are sad about it, disappointed. they want to hear from the commander-in-chief but also they want him to lead. while the french, the british are going to get their people and american citizens are being told just get to the bed. taliban are blocking road after road. stuart: we might find out some
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more this afternoon at 1:00 when the president addresses the nation on afghanistan. we just have to wait and see what the man has to say. we wish you well and will see you again soon. afghanistan, now the markets, looking at futures here which show we are down a fraction for the dow but up for the nasdaq and the s&p. mark tepper joins us. i can see a lot of reasons the markets would go down in the next couple months. i don't see many reasons it would go up. you think we will go sideways maybe? >> i do. you've got three big risks. you got delta fears, supply chain issues, once those are defused the market will continue its upward friend. here's the word of the day. shellacked. 50% chill, 50% relaxed. for those not familiar with
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that vernacular. investors need to shellac. we got spoiled with crazy returns over the last few years and if you think about it and put things in perspective, the markets are up 30% from pre-covid levels and that is why we are battling this 100 year flood. historical returns in the market, maybe 9% a year and all of a sudden people expect 15% to 20% and if they don't get that they are hitting the panic button. if you're sitting at home watching just shellac. stuart: we will all try. tell me, in the old days you split your money 60% in stocks, 40% in bonds, bonds in my case i am about 95-5 as opposed to 60-40. >> that is what we are telling clients.
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what do you do with bonds? they stink, to get a one% to 2% annualized return and lock up 40% of your money, doesn't make sense. we've been telling our clients the average time from the trough in a bear market is 2 and a half years. if you think it takes one year to go from the prior pizza the trough that means a bear market on average is 3 and a half. as long as you set aside 3 and a half years of expenses in something liquid whether it is bonds, cash, money market or cds whatever it might be the rest should go into risk assets. bonds are no longer a tailwind of performance, they are a head wind. stuart: for youngsters to say put it all at risk you have time to recover. oldsters like myself do not. we've got more emails on one particular thing than anything else, it is a puppy. did you finally get it for your
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son? >> we got him tuesday. you can see, they are torn up from these puppy claws, like little talons so he goes to the vet today, they will file those down or whatever they are going to do but my kids are head over heels in love with this dog. even my oldest daughter didn't want a big dog but she is madly in love with him already. it is great. stuart: you didn't call him stu or varney? >> his middle name is varney. stuart: what breed is he? >> he is 15 pounds right now. he will grow to be 120 or so. those are some big coops. stuart: that was a nice segment. i'm sure we will see you again soon. >> my daughter called you
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barney. it is hilarious. she's only 5. stuart: shall we move on? a graphic on screen is pretty good. over 1 million americans got the jab just yesterday, two month. >> 30% increase over the past week. more americans after restrictions come on the they will need. stuart: i will call that good news. i'm interested in hearing what the cdc is saying about annual boosters. >> annual booster might not be necessary so it is likely to change, you get the first two pfizer or moderna vaccines, the third booster shot provides adorable unity so that could be accountable to so many in
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vaccinated americans saying they are proving to be ineffective, why should i get one? if you could say with more assurance he will just need three some people might get on board that haven't already. the booster shots should start for most of us september 20th. that is in time for the potential winter surge of covid 19. stuart: i am there. tell me about john deere, the tractor people, they make other stuff. from what i've seen around rural america, john deere must be doing very well. >> very well. 29% to meet demand for food which costs more money, increasing outlook for the year, stocks up 2%. stuart: footlocker. >> i know you don't like estimates but i have to give you the estimate because it explains the 10% pop we are seeing, they said same-store
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sales would rise 0.one% but they came in at 6.9% growth. fewer discounts big demand for kids shoes and women's shoes. stuart: let's look at futures friday morning, 19 minutes to go before we open the market and we've got plenty of green but look at the nasdaq up 44 points. big show still ahead. elon musk reveals, that is it, we've got it, that is a humanoid robot prototype. actually a person dripped as a robot. it's not me. diane: want to see you jump rope. stuart: shortly we will tell you what musk plans to do with these characters. in corporate america, bank of america is one of 3 companies telling white employees to, quote, seed power to people of color in crt training.
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florida's governor desantis says tourism room is about rejecting lockdowns and unnecessary mandates. we have a congressman calling for the resignation of biden's national security team over there handling of afghanistan. he is next, varney just getting started. ♪♪ fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. ♪ music playing. ♪ there's an america we build ♪ ♪ and one we explore
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rainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just five to ten minutes a day. the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. stuart: for those just tuning in here's the news. the dow, the s&p and the nasdaq going up a little at "the opening bell" today. as for the 10 year treasury yield we are at one.24%.
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the price of gold at $1,784 an ounce, that is gold, bitcoin doing well, 47,$000 per coin and oil, 63 yesterday, 63 today so holding at a low level. facebook, twitter, linkedin taking steps to prevent afghan users from being targeted by the taliban. what are they doing? neil: facebook you can make yourself unsearchable on friends list so others can't see who you are and linkedin is hiding your connections so others can't find you. twitter. if you think something you tweeted in the past makes you vulnerable to the taliban twitter will remove the record for you but they still allow the talent ban spokesperson's account that has 300,000 followers and a lot of people saying you band donald trump of the television can have an account, twitter standing by the decision. we when i don't see how you can
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ban the president of the united states forever on your platform and still allow the taliban, that is outrageous but that is just me. what is this i'm hearing about the early flight out, refugees being charged -- lauren: $2,000, it appears some of them were asked to pay for that flight home. those reports caused scathing reaction. many american saying illegal immigrants can fly across the country for free but evacuees have to pay $2,000, the state department has clarified, richardson, the us not charging in these flights, we have no intention of seeking any reimbursement from those fleeing afghanistan. stuart: so glad to hear that. president biden's national security team facing backlash
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for their handling of afghanistan. congressman and the bar wants the whole national security team to resign. does that include secretary of state anthony blinken, we haven't heard anything from him at all. >> it include secretary of state blinken. members of congress were first briefed about president biden's decision to unconditionally retreat from afghanistan in april the entire national security team including secretary blinken and generally briefed us and we knew immediately that this was a shift away from the previous administration's policy from conditional and orderly withdrawal and instead in place of the secretary blinken describes what we saw as an unconditional retreat based on a date certain of september 11th.
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i immediately reacted secretary blinken and said why september 11th? i can think of 364 preferable days, secondly a date certain doesn't give you any flex ability in terms of reacting to conditions on the ground and i also asked about the wisdom of abandoning bagram airbase when we knew we would need it for the evacuation. we didn't know they were going to totally abandon bagram before they extracted all the americans and afghan allies and equipment. now we know there are billions of dollars of us armor, helicopters, weapons, and equip and that are now in the hands of the taliban and. the taliban and now has more blackhawk helicopters than the nation of australia. this is an embarrassment, a
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disaster, a catastrophe and it has invited aggression from other countries, not just about compromising the counterterrorism mission any racing 20 years of progress in the war on terror. it is also about now what our other adversaries are seeing, the weakness of this administration, the incompetence of this administration and the lack of will of the biden administration to deter our enemies. stuart: with all this pressure and all this, i expect some resignations voluntarily. i expect somebody to take some part of the blame and responsibly by resigning. 30 seconds. do you think the resignation will happen? >> we think it needs to happen, don't know if it is going to happen but there needs to be accountability. these leaders in the national security team had the intelligence, i know they had the intelligence their strategy was failing because the biden administration was briefing members of congress that this was not working and we knew it, they knew it and they did
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nothing to adjust their strategy. this is a total debacle, the american people are demanding accountability and this has compromised american national security. we need a totally new team in place. stuart: we thank you very much for being an impassioned guest on our show. let's have a look at the market, we are up 30 points for the dow, "the opening bell" is next. ♪♪ ♪♪
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♪ ♪ ♪ ♪ now, get new lower auto rates with allstate. because better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today. it is 9:2070 time. we are looking at a little bit of green for the market. jonathan holick joins us. i remember when the terrorist threats would really move the market but with everything going on in afghanistan will be see a return of the terror threat? >> when you look at those terrorizing scenes of the last few days i think it could.
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these horrific barbaric images of parents passing their children over barbed wire fences, the talent ban, the same group whipping people, executing them, shooting them in the streets, it's not just a tragedy but could be a danger to this country. 10 or 15 years ago when those terror threat levels would move the market considerably, 4 or 500 points, 20 years after 9/11 it is not that the us looks week, we are weak. we have this ragtag bunch of stone age barbarians with our own weapons in the country we have inhabited for over a decade. this is a threat to the country. we are not seeing it in the market but long-term how could it be anything but? stuart: we have a weekend coming up when anything could happen and after that september eleventh twentieth anniversary. that is a terror marker if i
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may say that. i would be unwilling to go long with stocks in an environment like this. how about you and your funds? >> we always talk about the market hates uncertainty and the rise of evil militant islam. how can there not be more uncertainty. when we look at the market, the politics, there's reason for concern, 70% below the 50 day moving average. that means the momentum slowed. a lot of investors of every size saying you don't want to go to the weekend with so many stocks losing upward momentum as they had a few weeks ago. stuart: we will be watching for that, appreciate you being with us. we have 30 seconds to go until
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"the opening bell". a tough week for stocks. looks like we will open for trading on the upside. i'm seeing green for the dow, the s&p and the nasdaq. in a few moments, starting with trading we will show you big tech because there is a significant movement upward for big tech this morning. you might see microsoft, $300 a share. we shall see. we live and hope. 9:30 eastern friday august 20th. right from the start we are up, not that much, 20 odd points, 34,900 is the level and an even split for the dow 30, half of them up, half of them down, a third up, 2 thirds down roughly speaking. the s&p 500 has opened ever so slightly higher, the nasdaq composite is a bit better off, up a quarter a 12:45%. let me show you big tech.
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if you have any money in the market you've got a piece of some of these stocks on screen and they have been doing extremely well. look at microsoft. they just got an upgrade from wedbush, they raise microsoft's price target or their price target, to $350 a share. they say the office 365 price increase next year very smart move could bring an extra $5 billion revenue in 2022. the stock was up $6 yesterday, real close to $300 a share right now. spot but ify announced the stock repurchase program. a big week to have an impact. >> it starts this quarter. confidence in their growth opportunity. investors need it. the stock is down 4% from 364. stuart: i had forgotten.
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how quickly they forget. that we have ross stores way down, blowout earnings down 5%. neil: investors alike profit quarters, they say they will have 61-$0.69 in earnings looking for 93 so it is a big mess but after the quarter they just wrapped up it was great numbers, customers going back to the store, spending stimulus checks and it rose 50%. on guidance. stuart: on guidance. thanks. show me period. they got an upgrade from credit suisse. petco which is $20 a share could go up 40% from here, doing the math it might get to $28 a share. petco added 1 million new customers last quarter, one third of petco customers are millennials. >> millennials to come during
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the pandemic. stuart: coin base bot $500 million worth of crypto. do we know which could sos they bought. lauren: ethereum, the first publicly traded company to hold ethereum and many other crypto assets in addition to the $130 million of bitcoin they already own and $48 million in stable coin and they will invest 10% of profits in crypto currency. stuart: it is getting respectable. neil: that is a good word. stuart: europe $3,200 per coin, doing well on the back of the coin base purchase. look at amc, their chief financial officer just unloaded some shares to how many? lauren: $1.5 million worth or 45,000 shares.
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the ceo, adam aaron, warned investors, i am 67 is going to sell shares, doesn't want to rock retail investors enthusiasm that help to drive up his stock price from a buck 90 so he's warning i am selling. stuart: when insiders start to sell why is he selling? what does he know that i don't know. let's get to robin hood a drop to its lowest price since going public, 10% yesterday. my question if you could answer it, is the meme rally over? neil: lauren: these stocks have come up so much. look at robin hood, it is high, a different story for robin hood. they are not necessarily a meme stock. they allow trading in meme stocks so it came down from its high of 85.
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they expect the slowdown in real tell trading and that makes sense, the stock market has come up so fast and furious, haven't had a 5% full back in 10 months and it is summer, people are going out, not staying home trading on their phones as much as they used to be. stuart: whatever you say. shorted stock is the word for meme stocks, all of them slightly higher today. we should take a look at the dow winners. there are a few including microsoft. lauren: $332.32. stuart: i'm almost embarrassed, almost. winners on the list right there, we've got microsoft, caterpillar, top of the list is boeing quite well with microsoft. the s&p 500 list headed by mosaic. who else is on the list?
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prominent names, nasdaq winners. here is where we should see big tech. nvidia is up there, ebay is on the list and humana. lordstown motors up slightly. did the share healthier -- shareholder meeting last 10 minutes? lauren: about two minutes of silence and 3 minutes from the chairwoman and that is when the news came that their endurance, their electric pickup, they will begin production in september. regulatory approval likely this winter. stuart: that is not to give $0.12. lauren: so many setbacks, all the regular tory probes, lying to investors multiplying statements. stuart: strong words, cheer up, it is friday, that means friday feedback. we are still open for business, still taking in emails. send them to us, varneyviewers@foxbusiness.com. talking mandates, governor ron
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to santos says rejecting them is why florida tourism is booming. on the opposite side california expanding vaccination proof for more indoor events, not allowed to make your own decisions in california. did you see this? a high school teacher's read about trump. 's stuart: do not turn off fox news. a lot more varney still to come including more from that teacher. ♪♪ ♪♪
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stuart: not much price movement. most of it is green. look at big tech and you will see major movement headed by microsoft just shy of $300 a share. microsoft, the dow is up a tiny fraction. news from facebook, working to create virtual reality videoconferencing. this is not where you have to wear those stupid goggles. lauren: they cost $300 and you can be the man in the conference room. you can move your hands, the audio sounds like you and you can feel like you are working with your colleagues in a real conference room but you are in the meta-verse.
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stuart: i would be in my little goggles, looking out, i would be at home may be and at a board meeting and i could see all these avatars and converse with them. lauren: like you are watching a cartoon. is there a need for this? apparently there is. every smart person is saying there is. i think it is a little strange. there is a way to get into this meta-verse without the goggles but you can't create an avatar but this is the work of the future, it is work at home for the future. you have the head setting this virtual world together. stuart: i'm being silly about the goggles. that's not a point. that is the work way of the future. neil: concert of the future, the everything of the future. a lot of smart ceos really believe in it.
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stuart: a lot of companies dealing back to work and apple are the latest. lauren: now it will be january at the earliest. they need to give you one month notice, you are home and don't need someone taking your kids to school but you have to be in the office whenever that is at least three times a week, pwc. november 1st at the earliest. they push that back and charles schwab saying january. you need incentive to get people back to the office. it makes it worth their while to come in. they are giving everybody a pay increase of 5%, that is strong stock market and new accounts they have opened but that is popular.
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stuart: a reward for the hard work as opposed to an invitation to come back to work. lauren: i think you will see a lot more rewards because workers are saying i'm fine at home and as productive. stuart: look at tourism in florida surged in the last couple months, 30 million the mystic visitors in the second quarter. that is up 206% over the year but it is up 6% from 2019. the governor, ron desantis says florida is open for business, florida continues to serve as an example of the country that when you reject lockdowns and unnecessary mandates your economy will flourish. mike huckabee, former governor of arkansas joins us now. this seems like a trade-off, you get economic growth, but arising covid cases. do you think governor desantis
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made the right move? >> making their own decisions and decisions they make are responsible and i'm not an avatar, this is me. this idea is zoom for ugly people. great face for radio. people have a right to make decisions and live in a free society sometimes make decisions i wouldn't make. i snow skiing once and promised god if i lived through getting down the side of the mountain i would never do it again. i kept my promise to god, don't do motorcycles, don't even ride ferris wheels or roller coasters because i'm careful but i don't mind of other people want to ride a motorcycle get on a ferris wheel. in some ways we've got to let
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adults make decisions. the christian philosopher who is just brilliant, all tyranny sincerely exercised for the good of its victims may be the most oppressive. clear under robber barons than omnipotent moral busybodies to be cured against one's will and states we don't regard as disease of those who have not reached the age of reason to be classed with infants, imbeciles and domestic animals. that is great reminder, part of being a free human being is a right to make decisions that others find offensive or unacceptable. stuart: we are coming from the same place. we've just got this in. the treasury says states if they wish, to extend those emergency benefits, would
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extend the well beyond suppose an exploration date of september. you might get this money to stay home into next year. where is the incentive to go back to work? >> there isn't any. instead of giving the money to people who don't come to work of the extra money to the people who do go back to work, they are the ones keeping the economy going. if you're trying to hire anybody good luck. nobody wants to work so construction jobs, restaurant jobs, anything in the service industry is choking because of these free handouts to people who don't work. i say take that money and give it as a bonus to the people who will come to work and will get the economy going again. stuart: we are displaying our age. they don't want to work, the younger generation don't want to work. how many times have i said that
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was a great quote from cs lewis and thanks for bringing it to us. i make a plaque and put it on my wall because that is good one. we will see you again. another question for you. how much will you shell out for lebron james's signed patch rookie card were tom brady's championship rookie card, they are up for auction and you will see them both on this program today. look at this. tesla bot, a person dressed up as a robot. it is from elon musk. in a moment we will tell you what it is trying to do. ♪♪ liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars.
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stuart: elon musk has wrapped up his tesla artificial intelligence, the human avoid robot. that was an actor dressed up in a robot suit. when will he make a real one and what will he do with the real one? neil: this is in tesla time. here's elon musk. >> the world's biggest robotics comedy. our cars are semi-sentient
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robots on wheels. it makes sense to put that in humanoid form. we think we will have a prototype sometime next year. neil: will be pushed back but a prototype may be. in addition to awesome dance moves the tesla bot is 5 foot 8 with 125 pounds. it can lift 50 pounds, meant to perform boring and difficult tasks but here's the question. if you have a tesla bot taking over what is the point of a human worker? elon musk says there might be a valid need for universal income or stipend because people can't work if humans -- of robots are doing so many jobs. stuart: technology replaces humans as workers, therefore takes the profit out of technology and give it to workers on basis of guaranteed income. lauren: you would have to. of technology and artificial
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intelligence and every thing we are learning is this great, if that is a robot, they say it could be a friendly robot not meant to scare us but artificial intelligence is very scary when you look at the ramifications of it. if you're not an engineer what job would you do? stuart: they are not real people but they look like real people and they will say anything you like i don't know what the expression is, can't think of the word to use but it frightens me to death. i could be replaced. lauren: the future is scary. if some humans can't keep up what happens to those humans? this is a recruiting event for elon musk saying if you believe in ai we will show you what we can do and we showed you the robot. stuart: dow is up 120 points.
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microsoft above $300 a share, that adds 42 points to the dow industrials, 303, not bad. big show still ahead. steve hilton, laura logan, rick grenell -- ric grenell. a strange quite has fallen over the democrats. they don't know what to say about the chaos in afghanistan and they should be honest, the president messed up. that is my take. ♪♪ ♪♪
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♪ with a rebel yell, she cried more, more, more ♪♪ stuart: good morning, everyone. it is 10:00 eastern. let's get straight to your money. the dow industrials with a triple-digit gain, they've crossed back above the a 35,000 level and the nasdaq doing very well, up 103 points. momentarily, we'll get to big tech. that's doing really well. the 10-year treasury yield is at 1.24%. a lot of money flowing into the security of treasuries. that puts the price up and the yield coming down, 1.24. the cryptos are moving including ethereum, news that coinbase is
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buying $50million worth of digital currency, and that's put all the cryptos on the upside this morning. now this. a strange quiet has fallen over the democrats. they don't know what to say about the debacle in afghanistan. perhaps they should be honest, just admit it. the president messed up. he is uncompetent, unfocused, and up instead of clear leadership, he blames others for his own failures. the democrats are keeping quiet because there's an election in 14 months, and biden's failures threaten their re-election. that is pathetic. it is an embarrassment. in the face of a monumental policy collapse with thousands of americans held hostage, you'd think the democrats would have something to say. but, no. a couple of tweets from former servicemen, a statement from speaker pelosi telling the taliban what they must do, that's it. don't expect the situation in afghanistan to improve anytime soon. more heartbreaking scenes will
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be on everyone's tv screens this weekend. the taliban are playing with those stranded americans, they're playing with biden. they know he's weak. here's the latest from kabul. protests against the taliban, the afghan flag paraded through the streets, signs of resistance, but then taliban gunmen fired into the crowd reportedly killing several people. the airport is besieged. people can't get through the taliban cordon, escape planes taking off only 60% full, but british paratroopers and french police officers have brought their people and afghan helpers out of the country. why aren't we doing that? in three hours, president biden addresses the nation, then he'll go to his home in delaware for the weekend. he has scheduled no public events for the immediate future. the second hour of "varney & co." is just getting started. ♪ ♪
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stuart: brian brenberg is with me for this entire hour. brian: wow, can you believe it? stuart: let's get serious. what do you make of the prime minister and his leadership at this point? -- prime minister and his leadership? -- president and his leadership? brian: i wouldn't call it leadership. you see the nonreaction from democrats. here's what they're betting on, they're betting on americans forgetting all of this. they're betting on americans being callous, not paying attention, having other things that they're going to care about. they're betting on the lack of heart and compassion of the american people getting them through this crisis. that's what's so sad here, stuart. how can they think that about us? stuart: indeed. look, the president will be speak at 1:00 this afternoon, 1:00 eastern time. we're told it might be up to an hour. i don't think he'll take the whole time. whether he answers questions, i don't know, but this is a chance to stake out a position as leader of the united states. it's an opportunity. brian: yeah, yeah, it is, but
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it's kind of late, stuart. he had that opportunity, and the fact that he's not taking questions on it already suggests to me he's probably not going to again. he could make things much worse with what he's going to do in three hours from nowen than better. i think that's the big risk. stuart: whilst we're here, i cowant to deal with this issue. james madison university training their student employees to recognize male, straight or christian people as oppressors. that, to me, is a very big deal. you're a professor. you're a teacher in colleges. what do you make of that? brian: the first thing i would tell any student is when you meet somebody new, take the time to get to know them, learn something about their character and make your assessments based on that. this policy is so crazy. if i walked in the room, you'd look at me, they'd look at characteristics i can't change about me and judge me and say you're the oppressor in this room, never taking a chance to get to know who i am, how i respond to the things that i've
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faced in life and how i would relate to them. stuart, it's completely antithetical to the academic enterprise which takes everyone at face value, what they offer in terms of their ideas. that's how we build something better. it undercuts that completely. i would be ashamed if i was sending my kid to that school, i'm sorry. i would be ashamed. i would be sad for them. and as an alum, i would be appalled that's where this has gotten. stuart: well said. brian, you're with me for the hour, stay there for a moment, please. now this, the treasury department says the states can keep those extra unemployment benefits flowing past the september 6th deadline, they can use pandemic funds to keep that money flowing. anthony chan is with us. anthony, i've been seeing help wanted signs everywhere for months. they're still there. tell me, when is this labor shortage going away? because at the moment, it's a long-term prospect, and now we're going to pay people to stay home some more. >> well, first of all, stuart,
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you're correct. we've seen a lot of help wanted signs out there. there's a study by home base, a soft ware company, that finds no disincentive effect from these $300 benefits. as an economist, i i say that study is completely fraud, and i'll tell you why. because in reality, economic incentives do work. yes, a lot of workers have come back. we had 23 million people unemployed in 2020, april, and now we have 8.7 million. so more than 14 million people have come back, but the reason they've come back is because most workers today feel a hot safer with regard to the risk -- a lot safer with regard to the risk of death s and that's why they're coming back, and that's a what makes these studies flawed. the reality is these $300 incentives are, in fact, reducing the incentive to work. but how can we make this a win for capitalism? if very easily. what we can do is say, look, in those states that have very low unemployment, it's hard to get workers, let them keep the $300
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maybe for a month, and they can get that in addition to their salaries. in those other areas, maybe not as much pressure, let's keep that program for about two months. that would be very exciting. but the reality is that economic incentives do work, and we have to make sure that we actually do the right thing and not the wrong thing and just throw money at people out there is the wrong thing. stuart: okay. let's fast forward for a minute. take me into, say, early next year, spring of next year. will we still have a labor shortage, still help wanted signs everywhere still in next spring? >> i really don't think so, stuart. i think more people will be coming back to work especially as you reduce these $300 incentives. supply bottlenecks start to go away, people feel even more comfortable going back to work, we will see a reduction. as i said, we've already seen more than 14 million people return to work. the unemployment rate is at
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5.4%, we're making progress. let's just do the right thing, and we will see more workers back to work. stuart: anthony chan, thank you for being with us. we'll see you again soon. have a good weekend. see you later. >> thank you. stuart: i'm going to put coinbase up on the screen. the stock is up 2.5%. they're investing in crypto. they bought $500 million worth of stuff, and they're investing future profits into a clip poe portfolio as well -- crypto portfolio as well. that's had a positive effect, bitcoin's at 47,6 and ethereum is up to $3,250 a coin. news on foot locker, they crushed second quarter earnings. a lot of optimism for the rest of the year. the stock's up 10%, that's a gain and a half. petco got an upgrade from credit suisse. they say that the stock could rise 40%. that would take it to about $28 a share and, by the way, petco added a million customers just
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last quarter, a million extra in one quarter. and then, of course, there is robinhood. down 1.5%ed today after sinking 10% yesterday. brian, you've got to tell me about the meme stocks. are they -- is the rally over? brian: i don't think the rally's over, no, but i think the problem with robin is most of their revenue growth came from crypto trading, and 62% of that came from dogecoin, right? so investors look at that, and they say, wow, this business is built on a lot of trading in dogecoin. do i want to buy the meme of the memes? i don't know. i think the first derivative meme is okay for me on this one. stuart is that what they call it? the meme of the memes? brian: i don't know. robinhood becoming, do you want to buy that? stuart: china passed a big data protection law cracking down on how companies handle their users' information. tell me more. brian: this is laughable to me.
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the chinese government says we want to make sure that users have to give their consent to tech companies before tech companies can use their data. the chinese communists want users to give their consent. tell me the last time a communist cared about anyone's consent. oh, and they want to make sure the tech companies aren't monopolizing anyone. the chinese communist, one-state party wants to make sure nobody's monopolizing a market? stuart, this is all about the state not having any competition from tech. stuart: xi jinping is turning out to be an extraordinary dictator. brian: he is an extraordinary communist dictator, very bad news. stuart: brian, you're with me for the hour, so stay there please. coming up, a teacher in fired after this rant to students. here's part of it. >> i don't care what y'all think. he's a sexual predator, he's a little moron. -- freaking
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happens, they don't give a crap. stuart: oh, you haven't seen the half of it. we'll play the other half shortly. and then there's this, a lebron james rookie card could go for millions at auction. we'll tell you why it's so valuable with the auctioneer himself, ken golden's coming up. part of a new, quote, racial reduction reeducation program for bank of america employees. deroy murdock is here, he's going to take on the big bank's woke training after this. ♪ give me one more night, one more night if -- ♪ ♪ let's get down, let's get down to business ♪♪ ♪ ♪ build me up ♪ ♪ buttercup baby just to let me down ♪ ♪ and mess me around and then ♪ ♪ worst of all ♪ ♪ you never call ♪ baby
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stuart: bank of america, lowe's and the truist financial corporation sponsored critical race theory training which urges white people to, quote, cede power to people of color. it even goes as far as to say white toddlers are racist. deroy murdock joins me now. all right, come on. what on earth is going on in corporate america? >> it's the bank of american wokeness, stu, it's amazing. i think this proves that this td
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to humiliate, excoriate white people, and i don't see that as a recipe for racial harmony in this country. stuart: surely it's divisive monkst your -- amongst your work force, isn't it? i don't see how it could be a positive, dynamic, active team. it surely divides, doesn't it? >> i would think it would, and this is just a little one hour speech on respecting each other, this is -- this isn't, this is a 21-day brainwashing seminar that goes on and on and it's basically beat up on wheat people. tell black people you're a loser, you're not going to make it, you're a victim, this is not a good message for anybody, and i can't imagine anybody walking out of these seminars saying let's go to lunch. i would think it would leave people tense, unlikely to shake
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hands across racial lines. this is a social cancer that needs to be excised and tossed on the pile of medical waste where it belongs. stuart: would you just give us your personal response to this as a black man in america? tell me, how do you feel personally about it? >> it makes me want to throw up. it sickennens me. i'm 67 years old. this country is as racially tense as i've seen it since i was born a year before the '64 civil rights act. until about seven or eight years ago, most black folks and white folks would try to get along, and now you've got people on the far left trying to pull us to pieces, erase a all that progress. , and remember, we had a black president elected in 2008, reelected in 2012, he beat white folks. we've got a black vice president now, a black secretary of defense. somehow black people keep succeeding, yet the critical race theory tell us we're too white a country for black people to succeed. it's a terrible, terrible message, it makes me sick to my
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stomach, and the soon orer it stops, the happier i'll be. stuart: you shared a photo showing speaker pelosi maskless at an indoor event, sent to you by someone who wants to stay anonymous. it looks like she's not wearing a mask, she should be. is it another case of rules for thee and not for me in. >> that's exactly right. this is house speaker nancy pelosi. this was at the national center for public policy research of which i'm a distinguished fellow, and this was taken at the pro football hall of fame in canton, ohio, on sunday, august 8th. and there again give got nancy pelosi lecturing us about masks, she doesn't have her mask on. the basic idea is masks for thee but not for me. it's part of the reason that people listen to the various types of medical advice from washington, d.c. and just laugh because these people don't -- they offer one bit of medical advice and then violate it. they've lost their credibility, and a lot of people have tuned
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out to those messages. stuart: good stuff. thanks for being with us today. we do appreciate it. >> have a great weekend. thank you. stuart: san francisco will suspend 20 employees from the police, fire and sheriff's departments because they did not disclose their vaccination status. brian, with crime rampant in san francisco, you'd think they might have something better to do. brian: of all the places to fire your police, your sheriffs, san francisco? here's the crazy thing, 90% of the people who work for the city are vaccinated, okay in they voluntarily got vaccinated. you've got maybe 10% who haven't, but do they have natural immunity? probably some of them do. why not give people option to choose, bring them in voluntarily instead of coercing like this to get the 10%? they don't need to do that, stuart. it's ideological. it's not sign terrific, and it has nothing -- scientific and it has nothing to do with the city fighting crime, it's pure ideology, and it's hurting the
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citizens of that city. stuart: san francisco -- brian: in san francisco. stuart: the director of the cdc says we, americans, may not need a yearly jab after the third booster. now, okay, if the cdc said -- sounds like good news to me. brian: that would be great. i would love to hear we get one more vaccine, and we're off to the races for good. and there are some vaccines that have that profile, two primers and and then your third. but this is the cdc. do you believe them? do they know the future? have their predictions been great in the past, stuart? stuart: okay -- [laughter] they've made a couple of mistakes. i just feel, i'm just worried about the idea that we're going to have a booster shot and then ap annual vaccine -- an annual vaccine, and we're all going to be stuck with vaccines forever, jabs -- brian: and, look, it's not just about vaccines or shots forever, how do we deal with that? do we give people choices? do we preserve freedom or do what san francisco's doing and say you can't work here,
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mr. police officer, because you won't disclose your vaccination status. come on. stuart: what a mess. by the way, brian, three senators -- wicker, king, hickenlooperer -- all tested positive for can covid despite all of them being fully vaccinated. it's the latest string of politicians announcing positive tests despite getting the jab. all right. we've just got this coming to us, mike richards has stepped down as jeopardy host. he informed the jeopardy team this morning by mail. it was revealed he made some controversial comments in the past and now he's out. so they're going to continue looking for a guest host format, i guess, until -- you could do that. [laughter] brian: now, that's what i hadn't thought of, stuart. i would love that. i mean, what a great challenge, what a great show. sign me up right now. stuart: in fact, i think you used to be the executive producer of the show. brian: yeah. stuart: he stepped in to fill in, he was going to be the
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permanent -- brian: it's this world where we don't know how long ago he said it or what he said, but so much of what you do is recorded often because you put it out there, it comes back to haunt you. to lose this great job -- stuart: man's been in every game show, run 'em all, and now he's out. all right, businesses across new york city declaring the vaccine passport mandate a death sentence for business. congresswoman nicole mall ya a tackies is on the show to deal with that. -- malliotakis. cay -- chaos in kabul, more on the evacuations with a live report from the state department after this. ♪ we gotta get out of this place -- ♪♪ if it's the last thing we ever do. ♪ we gotta get out of this place. ♪ girl, there's a better life for me and you ♪♪
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as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. ♪ stuart: it's a rally, folks. the dow industrials up 170 points, well above the 35,000 level. look at the main movers. the das damage's up 140 -- nasdaq's up 140, i think it is. can you see the top left-hand corner of the dow 30?
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that's microsoft. stock of the day. it is up 7 -- i can't read it. up $3 or 8 at this -- 7 or 8 at this point. cheerily, the stock of the day -- clearly, the stock of the day. now this, general mark milley is warning that terrorist groups could quickly gain ground in afghanistan. georgia mill jaffray's to with us, founder of the national security institute. is afghanistan now terrorist central? >> well, stuart, i think it's really a problem. i think, obviously, the taliban have come to power now, we've got al-qaeda and isis likely to return to the region, and it's a huge problem because we saw what they did in the leadup to 9/11, we saw them give osama bin laden a home base to operate to plot attacks against our country. stuart: is it just about afghanistan? are they going to be sending terrorist operatives to other parts of the world now that they've got a secure home base? >> yeah, absolutely. i think there's a very real possibility they will operate
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not just against the united states at home as they did on 9/11, but against our allies in europe and against americans around the globe. remember, stuart, there are still 10-15,000 americans still in country in afghanistan not all of whom we are prepared yet to get out. the president committed to it last night. it's not clear that we will get those people out by the date certain, august 31st. stuart: all right. the president is going to be speak at 1:00 eastern time this afternoon. we will address afghanistan, we believe. what do you want the hear from him? >> i want him to take responsibility for the decisions he's made, the precipitous withdrawal that has taken place and the fact that that is why we are right now. he has a blamed a lot of people -- president trump, president bush, the afghan people themselves as though they wouldn't fight for their own people even though they've lost over 60,000 people in this conflict, and he needs to bring responsibility for bringing every american citizen, every u.s. person and, frankly, every afghan ally that fought alongside us to come out of the country and be safe in this
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post-environment where the taliban have taken over in afghanistan. stuart: look, if you really want to get every single american out. you've got to stay in afghanistan long every than august 31st, and you've probably got to be prepared to have our troops bring our americans to the airport like the british and the french are doing. that's a what it would take, isn't it? that's exactly right, and here's the bottom line. the president of the unite has one correspondent -- of the united states has one core responsibility, protecting americans wherever they are. we should be doing it. the fact that the president hasn't committed to that yet is outray juice. he needs to make it happen immediately, and i think those people who literally fought alongside our soldiers and those afghans are essentially americans for the purpose of this problem, and the president needs to commit to them too. stuart: jamil jaffer, all of us will be watching at 1:00 this
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afternoon. thank you, sir, appreciate it. >> thanks, stuart. stuart: that teacher in utah fired for going on a rant in class. watch this again. stuart: well, well, well. the video is over a minute long, and we're going to play it for you too. elon musk says tesla's humanoid robot is coming, but what will it do? we will tell you. and there is still time to get your questions in for our friday feedback. send your questions in, we'll take them all. ♪ ♪
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[laughter] stuart: those cameras are everywhere catching everything. the teacher, by the way, has been fired. and brian is still with me. you're an educator. what's your reaction? brian: good on the school, good on the district for doing that. did you notice in that video, it was the students reminding the teacher what class they were in? this is a chemistry class. see, you need an adult in the room. the teacher has to be the adult in the room. a student asked her a question she didn't need to answer, and she took the bait and ranted on.
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parents watch this and say what we've got teachers doing and telling our kids that we're dumb, that our kids are smarter than us. is that a what we want to support? teachers unions wonder why america is turning against this institution. well, there you go, exhibit a. but again, good on the school, they fired her. that's the only right answer in this situation. it's gotta happen much more awe often across this -- across this country. stuart: you're an educator, i'm with you. check this rally, we're up 170 on the dow, and look at that, the nasdaq is up 153 points, that's 1% or better. got it. now this. there's a new study, and it shows nearly 6 in 10 investors under the age of 24, under the age of 24 admit to trading drunk. trading while drunk. brian, have you -- [laughter] i'm not going to ask you if you've done it, but does the number surprise you in. brian: you know, it doesn't in a way. if you've looked at the interface for these trading
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apps, they're like video games. it makes you feel like you're playing video games. people drink and they play video games. it's a little gambling video game -- stuart: that's exactly what it is, it's gamble. brian: for somebody at that age who should be learning how to invest, they're learning how to lose badly for the wrong reasons, stuart. that's what concerns me. stuart: it's like playing the slots in vegas, they come up with the free drinks -- brian: exactly. stuart, update yourself. update your example, stuart. stuart: let me update you on charles schwab because they show there's a surge in traders, a surge in the number of traders who entered the market during the pandemic. i think that's very good news. i think that's the democratization of investing. brian: more investors coming to the table, good. but what charles schwab's finding is investors are actually increasing the amount of time that they're researching the decisions they're making.
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so we get the young investors drunk on one happened, but charles schwab is actually finding this is educational. people are doing their homework. that's informing their investment decisions. that is great news. stuart: and we've got news that they're actually doing well. there are now more than, there's more 401(k) and ira millionaires than ever before. the number of accounts with a million bucks in them grew more than 74%. that's what happens when you've got a stock market rally that won't quit. breep e brian yeah. and we should celebrate it because the alternative to social security, we know, is in financial trouble, the future prospects don't look good. we need a lot of this whether it's millionaires or close to that. put money the away for the future, don't do it while you're drunk, good things can happen. stuart: and just remember if you sell stocks within your 401(k) at a profit, you don't have to pay capital gains tax. please remember that, folks.
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brian: america's tax account tax, stuart varney, right here. [laughter] brian: i do not wish for that title -- stuart: i do not wish for that time. as the u.s. leaves afghanistan, communist china is stepping in. we're going to talk to former acting director of national intelligence, ric grenell,, about that. new york congresswoman nicole malliotakis hoping to get some people out of afghanistan. she's going to be here to tell us how she's doing it after this. ♪ ♪
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♪♪ stuart: the administration says about 3,000 people have been evacuated from kabul in the last 24 hours. 350 of them were americans. rich edson is at the state department. rich, let's talk about antony blinken, secretary of state. we haven't heard anything from him publicly recently. now we're learning about this memo that was sent to him with an early warning about the collapse of the afghani government. what do you know about this? >> reporter: well, stuart, embassy staff in kabul, this is last month, did warn the secretary of state, antony blinken, about the deteriorating
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situation in afghanistan. a source familiar with this cable says the secretary immediately saw it and approved the response which they say was an ongoing effort to bring afghans to the united states while they waited for the government to approve their visas. the administration argues that the memo noted afghanistan could fall after the u.s. left on august 31st, not this early. finish though u.s. officials say intelligence throughout the summer showed that the situation in afghanistan was detier a rating rapidly -- deteriorating rapidly, and an inspector general report just three weeks ago called the news out of afghanistan bleak. on the ground in kabul, the u.s. embassy is still warning9 that the u.s. government cannot insure safe passage. though the embassy now acknowledges that the airport gates may open and close without warning and advises to, quote, use your best judgment in getting to the airport. then there are the tens of thousands of afghans who worked
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with the united states over the two decades. we spoke to a former interpreter who says he's trying to get his family to kabul and then through to the airport. we've obscured his face to protect his identity. >> now we are in afghanistan. i am hiding in my friend's house. two or three times the taliban came and asked me, is at my door. so this is very -- for me. i wish i didn't work with the united states. >> reporter: the pentagon says flights out of the kabul airport are accelerating, that the pace is picking up, that that they've evacuated some 5700 people over the last 24 hours bringing a total to the evacuation efforts since saturday of 12,700. stuart. stuart: rich edson at the state department, thank you very much, rich. as thousands try to evacuate afghanistan, our next guest was able to rescue a family successfully including a 1-year-old girl.
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congresswoman nicole malliotakis, republican from new york, joins me now. congresswoman, congratulations. how did you do it? >> well, i have an amazing, dedicated staff who's been working on this since the weekend. and we've been taking in -- from individuals in our district who have loved ones in afghanistan and working with the state department to evacuate them. the state department has set up a dedicated line for u.s. congress members and senators, and we've worked that route to help get a family from brooklyn, new york, out of afghanistan, currently in qatar, will soon be reunited in brooklyn. but this was a mother and three children, 7, 3, and as you said, the youngest one, a 1-year-old. certainly for women in particular in afghanistan, it's extraordinarily dangerous. the taliban has targeted them. and so we're very happy that we were able to swiftly work to resolve this issue.
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we also have two other citizens that we've supported their evacuation as well, and we continue to work with anyone who comes to our office from the district or from the surrounding area. we're trying to help, and i urge people if you do know someone in afghanistan trying to flee, many people are not getting a response when they try to call the state department. and so, you know, call your member of congress and make sure because there is a direct connection there, and i think it will help expedite a lot of these cases to bring individuals to safety. stuart: congresswoman, the white house communications director made the rounds this morning. she claimed the president never shies away from taking questions. he is addressing the nation on afghanistan in a few hours. i mean, i know it's speculation, but i would say he has to answer questions this time. he can't turn his back on the media or anybody else and just walk away. he's got to take questions. >> i agree with you. there are a lot of answers that are needed and wanted by the american people. congress has been warning about
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this. our foreign affairs committee has been very voc isal about the need to -- vocal about the need to insure safety for americans and also the afghan interpreters and partners who worked alongside our men and women in uniform. and the idea that we have more individuals on the ground today, more americans on the ground today than what the president first announced withdrawal is a complete, total and complete disaster. we want answers about the individuals, the prisoners who were released, 5,000 individuals. is the president going to secure our borders now? we already know that people on the fbi terror watch list have tried to cross our borders. thankfully, some we know have been caught over the last several months and how did these individuals get access to our weapons? the taliban is using our weapons to take over this country. that's absolutely unconscionable. so there's certainly a failure in the strategy and the planning of the administration, and the american people do deserve answers. stuart: i'm going to switch
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gears, congresswoman, to an issue that's of great importance to us here in new york city. proof of vaccination is now required in new york city to eat indoors, eat or drink indoors or go the a gym. what do you make of that? because you represent part of new york city. what do you make of this vaccine passport? >> well, it's absolutely a government overreach. it is a -- [laughter] you know, violation of your privacy. why should you have to show your health records to every matily d in -- maitre d' in new york city, stuart? it's an imposition on the small business owners i represent. i'm supporting a lawsuit by local small business owners who are saying this is not their responsibility to be the vaccine police for mayor deblahs owe. they're already -- de blasio. they're already struggling due to the labor shortages created by the democrats, and they're already having a difficult time. now they have to be tasked with insuring these cards are -- and everyone coming into their
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establishment has one? this is certainly an undue burden. i believe that it needs to be reversed. we're going to continue to push mayor de blasio to do that. it's just not practical. stuart: i don't want to get extreme here, but i find it's almost de facto segregation. in the bronx 70% of black adults are not vaccinated. finish -- that means that in the bronx those people cannot go into a restaurant, a bar or a gym. i, maybe i'm being extreme here, but that, to me, is de facto segregation, and i don't like it. again, what do you say? is. >> i agree with you. what about those individuals who have autoimmune issues and their doctors are recommending they don't get vaccinated? i've been encouraging vaccination, i've held pop-up sites, helps hundreds of people get appointments, we should be encouraging it, we should not be mandating. and this is interesting coming from the if people who don't
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want voter id -- stuart: exactly. isn't that incredible? >> it is. but nothing' really incredible anymore in new york. stuart: a passport to eat or drink at a bar, but, oh, you must not have id to vote. my dear lord. congresswoman -- >> welcome to de blasio's new york. stuart: i've been here for a while. thanks very much for joining us, congresswoman. good stuff is, indeed, we appreciate it. thank you. brian, come back in, please. you're a professor. you're here in new york -- brian: have been for a while. here's the thing, the congresswoman makes a good point. so you've got these business owner, somebody walks in and says i want to eat here. well, do you have your passport? no, i already had covid. i are have natural immunity. well, you can't eat here. why not? they have to defend a policy that doesn't make logical sense. there's nothing magic about passport. stuart: all right. brian: but it's businesses that have to defend this, not the mayor. that's unfair to them.
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stuart: i agree entirely. now, that's the vaccine passport. what about the mask mandate? are you in favor of mask mandates for kids in school? brian: no, i'm not, because i think parents can take responsibility. i've got three kids living in the city. i want them to communicate like human beings with other human beings which means they look them in the face, they see what's happening with their mouths, they read all these things. as a participant, i can look at my -- parents i can look at my kids in the morning, you know what in you're not well this morning, we're going to be care. why are we making healthy kids walk around this city and look at scowling faces, they can't read the facial expressions, they can't communicate like a human. it stunts their development, and it hurts their happiness and well-being, and we know this. studies are showing it, parents are seeing it. stuart: would you be prepared to say, tough it out? okay, we'll get past this. brian: are we going to get past it? i don't know that we're going to
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get past this. i think there is a population in america that wants the make masks a religion, and they want you to get onboard with that creed, and i'm concerned that if you start to bend the knee now, you're never going to get back on your feet. stuart: spoken like a real libertarian, if i'm not mistaken. brian: i have some libertarian leanings. it makes a lot of sense. stuart: it's been a great pleasure to have you with me for the last hour. do it again sometimes. brian: thanks, stuart. stuart: check the market. is dow is up 150, the nasdaq's up 150, the s&p is up 26. that, folks, is a rally. and there's another big hour coming up. steve hilton will join us, march rah logan, ric grenell and more. president biden has worked hard to reverse president trump's policies, and now we're seeing the disastrous results. that's my take, and it's coming up after this. ♪ but i would walk 500 miles, and i would walk 500 more -- ♪ just to be the man who walked
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this is an embarrassment. our their adversaries are seeing the weakness of the said ministration. it is not a the menstruation looks we, we are weak. we are not seeing it in the markets but long-term. >> instead of giving money to people who don't come to work give the extra money to people who do to work. they are the ones keeping the economy going. >> 50% chill, 50% relaxed. investors need to shellac. people expect 15% to 20% and if they don't get that they hit the panic button. ♪♪ stuart: we are in new york city. it is friday august 20th. you want to get the markets, we have a pretty solid rally. the dow industrials above the 30,000 level and the nasdaq composite is up 137 points.
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cryptos are doing well, bitcoin has gone up to the 40,$000 level. coin base spent $500 million buy-in cryptos, buying bitcoin and ethereum and most of the cryptos are up now. now this. now we see the disastrous results of biden's reversal policy reversing every aspect of trump's presidency. it may be popular with his far left base but america is suffering. back to work as soon as possible is what trump said. we will pay to stay home says biden and we will keep those emergency payments flowing until after their scheduled expiration in september. cut taxes, cut red tape, that was trump, tax the rich, kill fossil fuels, tax big business, that's biden. hundreds of billions of dollars into our city said trump,
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defund the police said biden. get of the iran nuclear deal, trump did that, biden is trying to get us back in, trump demanded build the wall, biden opened the border. leave afghanistan with conditions said trump, get out now says biden. twee 7 months into this presidency we see the results of reversal, chaos, death and defeat in afghanistan. the breakdown of law and order in our big cities. labor shortages because we are paying people to stay home, 1 million illegals coming into the country and here comes biden's socialism reversing the capitalist economy. biden has heard it all. it's not going to get better anytime soon. there's 3 and a half years of the biden harris team still to come. the third hour of varney just getting started.
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11:0 two eastern time. steve helton joins us from california. it would be nice of governor newsom's policies were reversed. >> that may be about to happen. we talked about it often but you have a recall election less then a month away, polls are tight, people of this state not just republicans as governor newsom wants to make out, not just the trump fanatics as they say, democrats, independents all want to get rid of him. guess which is the only racial group in california that overall is in favor of kicking out newsom, latinos. this whole state is saying we've had enough of those disastrous policies, we do need a reversal on homelessness, the
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craziness of the antibusiness climate of taxes and regulations. the climate policies that go on about virtues signaling that make no difference to the wildfires that are destroying the forest in ruining your quality. all these things and on top of that the craziness of the permanent pandemic they want to introduce, mandates all over the place. that is why people are so angry. stuart: california is expanding the vaccine mandate. you need proof of vaccination at all indoor events with 1000 people in attendance. and the school district requiring vaccines for students 12 and over. in california you are not allowed to make your own decisions. >> exactly right and they keep telling us this is public health, not an individual decision because it is about public health but if they keep telling us the vaccines work it
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doesn't make sense. they tell us over and over again that if you've been vaccinated you are fully protected from serious illness or death so why are they insisting that it has to be this collective action on top of that look at what they are doing with kids in school, mandating masks in schools, 0 science based on data informed evidence for that. it does more harm than good, governments around the world, the uk and ireland saying do not mask kids in schools because it does more harm than good but they do it because masks have become the political symbol. you see people wearing these cloth masks everyone knows make no difference, indoors or outdoors to the spread of the virus. it is a political symbol. it is about politics and control, they can't give up the control that they grabbed over the last year and a half. stuart: you have a podcast, california reveled base. tell me more.
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>> we talk about it often but i'm fired up about what is going on in the state that i love. i'm an american now, it has been so badly governed, not just republicans but democrats and independents. i wanted to create a place to talk about issues in-depth longer than on tv, get people from all sides to figure out what is going wrong with california and how we put it right. we are launching it in time for the recall a month away but it is a long-term effort because it will take a long time to turn around the state from the craziness we are subjected to buy one party rule by the democrats. stuart: i came to california in the mid-1970s and i lived in san francisco for four years before moving to new york. in those years there -- the late 1970s california was
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paradise, it was a wonderful thing. i walk around san francisco and didn't see many homeless people are traffic jams. it was a different place with a positive upbeat go get them attitude. that is completely reversed. >> that's what we've got to get back to. stuart: great for that podcast and we will be watching you on the next revolution at 9:00 pm eastern on fox. thanks very much, see you soon. back to the markets we have a rally on our hands, look who is joining us now. you've got to be happy, this is a nice sized rally. >> it is. i wanted to see more of a pull back before we had this rally. i was waiting for to come back 5% or 7% and i thought we were going to get there but they
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come in with this mentality, once again now the word is circulating because the virus is getting more out of control that may be know all the news the fed gave us monday and wednesday maybe they are going to go slow again because they are getting more nervous. maybe they will not start to taper the way they did, buyers come running back. stuart: what about afghanistan? i don't think it had any impact on the stock market. do you think it might in the future? >> a little bit maybe. i was surprised it didn't. it didn't happen. there was a little of that nervousness tuesday and wednesday. the implications are further out. we will get a little bit more nervous depending on how it is and whether we are able to get everyone out there that we need to get out of there and what
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happens down the line in terms of china and russia because they are cozying up to the taliban and because of rare earth minerals and china wants it. stuart: i can think of several reasons for the market to go down whether his covid inflation, the fed, afghanistan. but i can't think of many reasons why the market should go up. i'm suggesting may be we are sideways for a bit. >> i think the market will end right here at the end of the year. goldman, bank of america, tom lee are calling for 4700 on the s&p by the end of the year because we are in this industry, there is no world to go, rates will remain low if the fed starts to taper, the fed, rates aren't going anywhere, the two are mutually exclusive. because it starts to taper doesn't mean rates are going up so you have this rally in the stock. this is where it ends.
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stuart: are you in florida? >> i'm in boca. stuart: report to me business in florida when you have a spike in cases. with the feeling in business in florida? >> as if where i am i am between palm beach and miami, that part of the east coast of florida. if i walk outside or go across the street to go to lunch you can't get a seat, people are out and about, life is normal. if you didn't tell me there's this pandemic that is raging just by looking out the window are living as part of florida i would not necessarily understand another than what i read in the paper. i will say there's been a spike. i'm hearing more people talk
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about the spike hitting this part of florida. i haven't seen it yet but it doesn't mean it is not here. i think people should get vaccinated but people will do what they want to do. stuart: a good to live in a republican state, isn't it? thank you very much, have a great weekend, see you next week. have a look at bitcoin, it is moving up nicely, 48,450 is your bitcoin price. i am told it is easier to buy a house with crypto. you want to explain it to me? >> i will. starting later this year, the wholesale mortgage says it will start accepting crypto currency for home loans. how about that? it would make the mortgage company the first in that industry to take that step but the game is to begin with bitcoin but it is evaluating ether and crypto currency as well.
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uwm is the second largest mortgage lender so this is significant but it is unclear if the company will hold to the crypto currency or convert it into dollars. i am in northeast florida. this place is packed. we've seen a surge in cases but this economy has not slowed down. stuart: i've not been in florida for several months and i remember you had to be told there was a pandemic when you walk around florida because i guess it is still the same. we will see you soon on the other side of this break. look at this. would you believe that could sell for $2 million at auction and explain why it is so valuable. the social media dissenters in afghanistan, sites like
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facebook and linkedin working to respect those potential targets. we've got that story. take a look at this. desperate mother hands her baby to us troops so it can be evacuated from afghanistan was lara logan has insight on what element take over means for women and children, she joins me next. what you need. hot dog or... chicken? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ experience, hyper performance that takes you further. at the lexus golden opportunity sales event. get 0.9% apr financing on all 2021 lexus hybrid models. experience amazing at your lexus dealer. ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network."
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dollars in foreign reserves for afghanistan and we talked hundreds of millions of dollars put on hold. i was talking to a treasury department official, the real question is what happens to billions of dollars in foreign aid flowing into the country for years because that is how the government gets by day today. in 2002 you are talking the united states providing $88 billion through security assistance. we know now so much of the military has fallen into taliban hands, 36 billion in civilian assistance including $3.9 billion in humanitarian assistance. on the military side congress appropriated $3 billion for this year and the president's budget requested $3 billion plus for the next fiscal year but now you have no afghan army
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to support, maybe if the biden administration will push for changes because even though the defense bill is passed technically changes could be made and we have a comment from senator marsha blackburn on the armed services committee telling foxbusiness funding to support afghan security forces needs to be reprogrammed to support the evacuation of americans and that is the direction they go. for an 8 is part of it as well, $300 million in civilian assistance for this year, the president wants $364 million in developed assistance for next year. state department money and usaid money, we will hear if that changes and experts tell us that is where the leverage might be in dealing with the taliban as evacuation efforts continue, millions in frozen assets is one thing. they didn't need that money day today but the government uses this money to operate. we will see about the change. stuart: my bet is they will use
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the money in exchange for the americans, you let him out you get the money. that is speculation on my part. see you soon. a female journalist describes living in afghanistan. role that tape. >> reporter: why will you not renounce al qaeda? you never have. stuart: that was the wrong soundbite as we say in television. tell me when you cute up the right one. this is a lady in afghanistan telling us what is like to live under taliban full. >> taliban allow us -- we have about two days. people in beijing, women see
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them -- superpower -- i came to the taliban from afghanistan forever. no one can. stuart: that is pretty grim. let's bring in lara logan. the taliban and say they will give women's rights under sharia law. what you think of that? is what the taliban and say is a well orchestrated propaganda campaign, and information warfare operation where they conveniently had cameras there when afghan troops surrendered and they delivered messages about women but the reality on the ground coming from afghanistan contradicts that and you know who never believed it in the first place? anyone with a brain in their head to wasn't politically motivated who was paying attention because the taliban, you hit the nail on the head
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with your reporting on the money. this isn't about paying to get americans back but those who were already promised to the taliban in those negotiations with presidential envoys. what is promised for? in exchange for recognizing the taliban and as the legitimate government of afghanistan. there's two significant things about that. one is the number 2 in the taliban is head of the how connie network designated as a foreign terrorist organization since 2012. this is the afghan al qaeda. they are in the taliban and they are leading, his brothers one of the people leading the government. so we are preparing to legitimize and recognize and fund the terrorists of al qaeda responsible for 9/11 two
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decades on the anniversary of the attack which is mind-boggling and what are we talking about? nobody is talking about that. the second part of it is right now, the afghans surrendered, you can't buy willpower, they lost territory in bagram province, there's a resistance many thousands of special operations troops, some fought their way in, and in afghanistan, the acting president, end of the population, you see afghans holding up the afghan flag protesting on national independence day so to say afghans just gave up and collapsed in the afghan military law soldiers and police and killed in 2001 is
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around 70,000. to accuse these people of being weak but not having the will to fight is not only dishonest but insulting -- stuart: it was described as shameless. the new season of your show premieres sunday. we have a clip of your interview with the taliban and. >> you never renounce al qaeda from 9/11 to now. >> we condemn killing of civilians by any entity, any group, an organization, a state, of any group. is anyone. stuart: do you believe anything he said? >> from a terrorist group until
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afghan civilians today, and yesterday, i believe it your viewers to decide, they are al qaeda, they share the same ideology, by afghan intelligence they find isis today or two weeks ago, they were taliban and when he was vice president said to me, pepsi or coke, can you tell the difference? stuart: we can catch part one of the new season lara logan has no agenda, 21st-century terrorism revealed on sunday 10:00 pm eastern, on foxnation.com after it is live.
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appreciate it always. the taliban wants china to rebuild afghanistan. i will ask acting director of national intelligence ric grenell what he makes of this. a person dressed up like a robot but tesla is building real humanoid robots to do the jobs we don't want to do. how soon could they be put to work? ♪♪ ain't seen nothing yet ♪♪ baby ♪♪ you and seen nothing yet ♪♪ here's something you never could forget ♪♪ baby ♪♪ you ain't seen nothing yet ♪♪ (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to 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
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the number on your screen. coventry direct, redefining insurance. stuart: kitty hawk from way back when, austin, texas, 84 degrees, the home of tesla. that is what we are showing you, the fake robot dancing on artificial intelligence day. lauren is back with us was when will the real robot -- >> a prototype as soon as next year, just add many years to that. you saw a human dressed as a robot. that burst the stock. it is in a revenue stream but the robot would do things you don't want to do, iron, go to
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the food store, it -- its body will look like ours but it will be a screen. i bring this up because the screen will use the same autopilot cameras. i'm calling this almost a distraction from the real issues tesla is facing, safety issues, the autonomous driving software lead to injury and death and they say it's too daring, let's real drivers make them feel like they can stop watching the road when they can't and that probe covers every tesla sold in the us in the past 7 years. stuart: to some degree musk is playing defense with a robot. >> i think so, a distraction. stuart: all right. check the market, the dow is up 170 points, blue across the board, nasdaq 126. i want to bring in ric grenell,
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you helped with the trump administration's exit plan. what went wrong when biden took over? >> what went wrong is the taliban and heard a different message. when donald trump and the trump administration were in charge they were clear to the taliban and the taliban heard a strong credible threat of military action and i focus on the word credible because most presidents have a threat of military action. if it is not credible then your enemies don't hear that they should change their behavior and that has unfolded. i've been talking to foreign service officers. i spent 10 years at the state department. many are still employed and i've been talking to many about what went wrong and the fact of the matter is in june the warnings began to happen.
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the state department was warning the taliban was on the march. july 1st is when they closed bagram air force base. that is a disaster in the making. you don't remove american troops and you don't remove the base if all of a sudden you're dealing with afghan americans and others who want to get out of the country, you still have state department officials. by july 15th state department officials foreign service officers had enough and did what they call a dissent cable, a rare moment when they rise up against the bureaucracy and on july 13th they did that and they said this is chaos something's got to change. stuart: what do you want to hear from president biden when
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he addresses the nation on afghanistan? >> he needs to give us assurances he realizes he messed up. he needs to say this didn't go well. i'm going to adjust the policy. he's got to stop digging is what i want to hear. he's got to reverse course. stuart: a spokesman for the seller and says they are open to working with china to develop afghanistan. what do you think that would mean for our national security? >> for me the criteria in afghanistan or any other country is whether there is an immediate threat to us national security. the world is a dangerous place. the world is a messy place, little girls don't get to go to school all around the world. this is a terrible thing. why we created the united nations. if you drop back and think we have these world problems, the united states responsibility to
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go fix the entire world, no. what we did, 50 plus years ago we got together with a whole bunch of responsible countries and create an organization called the united nations to do good and go out and help countries that are failing. i think it's time we say the united nations is broken and not working, the backstop we have that the international community has is not working and so we need to reform it or come up with an organization. stuart: always good stuff, see you again soon. i'm getting this coming at us. new requirements for kids playing sports in new york city. is this some kind of vaccine mandate? ashley: yes it is. mayor deblasio tweeting this out with the news, covid 19
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vaccination will be required for all students and staff participating in athletic league sports this year and that will include football, volleyball, basketball, wrestling, lacrosse, rugby, and bowling. if you want to participate have your children participate in those sports, vaccination will be required. stuart: that is a vaccination passport in sports in new york city. back to the market, the dow 30 of the fast majority in the green are appended hours up 200 points above 35,000. take a look at this. tom brady rookie card considered the most desirable nfl card in the world. we will tell you what is going for an auction next. ♪♪
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stuart: southwest university park in el paso, texas. that is a minor-league baseball stadium. news for major league baseball, they are ending a 7-year deal with tops. to fill me in, what is this? ashley: why are they doing it? to get a bigger slice of the action. majorly basil and tops trading cards of gone together for 70 years all the way back to 1952 but now reports say tops will get benched in favor of the sports apparel company called fanatics. under the current agreement with tops, they get a royalty on products sold with its intellectual property but it is believed fanatics plan to turn a trading card company that will give equity in the company to major league baseball and the players association.
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fanatics already owns all of mlb's e-commerce right but for tops, that has licensing deals with major league soccer and the national hockey league it is going to be a big blow as it goes public later this year. stuart: thank you very much and look who is here. ken golden, king of the sports memorabilia. he has big-ticket items up for option. lebron james's rookie card. tell me how much. >> this is his 2003 exquisite card, the holy grail of his games card. there are only 99 of them. this is one of the highest graded, considered the best patch, we expect this to approach or exceed $2 million. stuart: i heard it right. the tom brady rookie card how
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much? >> this is his championship ticket, part of a limited-edition series of only 100, the most treasured football card in existence as we expect this to sell in the 600,$000 range. stuart: you have a partnership with wwe, the wrestling people with special high-priced items you are auctioning off, like what? >> we have 10 unique items, the first one is a scary looking item wrapped in barbed wire used in the 2006 summer slam, to knock his opponents, cactus jack, unconscious. it is very unusual directly from the wwe, we expect 50,$000. stuart: dramatic stuff.
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wwe headquarters and archives tour with hhh, the wrestler. >> a multi-champion of wwe, one of the most popular wrestlers of all time, you would get a tour of the offices and a tour of the warehouse through the archives, basically spent a day with h h h, this is a 1-of-a-kind experience with the lucky fan and we expect this to exceed 50,$000 range. stuart: that is different. it's not like a card. it is an experience you are doing with wwe. i think you have a goldmine going for you. another rookie card. austrian soccer star harland, tell me about that. >> it is the one of one rookie card, one of the most desirable cards out there. we expected to exceed 100,$000 when the bidding close next saturday.
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stuart: have you seen soccer cards gaining value? >> soccer cards was less then one% of our business in 2012. now it is our number 3 sport. you saw behind basketball and baseball the fastest growing sport and we expect the trend to continue. stuart: what about the auction? is in progress online now? >> the auction is available right now, goldenauctions.com. it started monday, we have 1400 lots. one through 400 closed next saturday and the remaining lots close a week from this sunday so august 20 eighth, 20 ninth, to add a little bit of content to the earlier conversation, very familiar with the manufacturers. the tops deal was called off so
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is not going public and fanatics also got the basketball and nfl licenses sold from committee. stuart: thanks for the news update from ken golden, see you again soon. the markets are still in rally mode. i see green across the board and friday feedback is next. ♪♪ ♪♪ give me a sign ♪♪ hit me baby one more time ♪♪ ♪♪
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♪♪ stuart: kicking off friday feedback with jackson. -- jacksonville beach, florida. the first one from reed nelson. everybody is bullish. that has me worried. i think a stock market correction is coming soon. it may already have started. i'm not sure it hasn't started. it may come soon and yet i am nervous.
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how about you, lauren? >> it is an unloved the rally. people want to question it but the fundamentals are looking pretty good. i hope it stays. stuart: are you selling it? ashley: no but i think the time has come. we need a correction of some sort but every time we say that it continues to climb higher. stuart: how many times have we said we have a nasty selloff and we buy the dip and it goes up, it happens all the time. may happen again too. this comes from tom daly. i wish more americans would listen to you, when you tell us the evils of socialism, you lived it and understand the destructive effect it has on society. i came to this country directly, not directly but via england which was a socialist society and i feel honored to be in the freedom of our capitalist america. what do you think? you knew socialism. ashley: throughout the 70s the
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state owned everything, the power companies, the rail lines and they were always on strike. it was an absolute nightmare and god bless margaret thatcher who broke up the unions and put it back into the private sector and things got a hold up better. stuart: i miss margaret thatcher, she was wonderful. this next viewer didn't include their name, they want to know why won't you pay for netflix? may be i can. i use somebody else's password. lauren: ipad other people use my password. we pay for a lot of services. we will start to cut down. stuart: how many streaming services -- neil: five, too much. stuart: how about you? ashley: same thing, five. we have cut back on a couple. i pay for netflix the no one else uses my password. lauren: why not?
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ashley: no one has asked for it. stuart: i click from one streaming service to another. i stick with one. this is from noreen. i love when ashley visits the villages. i have a bunch of friends there who get a kick out of it. would you ever do a show from there? yes if we ever did a show from other than the new york city a we would consider the villages. you were there the other day. ashley: it is a great place, really unique and the fastest growing community and the country. it has everything and you are a rockstar there. i'm not sure we would be able to do a show for all the shouting and streaming. stuart: let's get this right. we are on our way. lauren: my favorite celebrity, when i didn't say him, got annoyed. stuart: silence on the set. daniel gallagher writes this,
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training my twin grandsons to be free-market capitalists, included this photo. way to go. watching varney, watching us, teaching them the right thing. tom says this. i propose a new award category for foxbusiness anchors, best pandemic remote moment. i will start this one. the realization that i couldn't get a haircut and didn't have a haircut for three months and finally i got some real hair. that was my remote pandemic experience. lauren: i didn't wear high heels or real pants for over a year. stuart: your best moment. ashley: wearing shorts and flip-flops right now if that's too much information. reporting from a garage in connecticut when it was just above 30 degrees will stick in
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my mind. stuart: during the commercial. michael harris, i have to know what you have against baby yoda. it is nothing, just a quirky little toy for kids. we keep putting it on the air, drives me up the wall. ashley: kind of looks like stu. neil: we are not a baby yoda household. stuart: friday trivia question. which president was the first to live in the white house. there is your choices, the answer when we return. ♪♪ knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication.
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oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. these days, we want sophisticated but simple. cutting edge made user friendly. in other words, we want a hybrid. and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud,
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♪ stuart: and here is the question, which president was the first to live in the white house? hold on a second before we get the answer, come on in, ashley, lauren. it's your -- ashley, who was the first resident in the white house? ashley: well, i knew this because i watched the hbo miniseries, i believe it was john adams. stuart: who would you have guessed? lauren: james madison. we're not allowed to google, ashley. ashley: i didn't google, i remembered the miniseries. stuart: i got it right. it was john adams. people don't know that. hawrp -- lauren: you were around in 1792. [laughter]
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stuart: george washington oversaw the construction, didn't live in it. it wasn't until 1800 when it was almost complete that john adams and his wife, what was his wife's number? lauren lauren abigail. stuart: correct. [laughter] they became the first residents. so now, ladies and gentlemen, you knew. ashley, lauren, thanks very much for everything. we'll see you again next week. neil if, my time's up, but it is yours. neil: you knew about adams because you covered it when he, when he moved in the white house. [laughter] come on. stuart: very good, neil. neil: best i could do. all right, stuart, thank you very much. have a wonderful weekend. we are up about 206 points at the corner of wall and broad, stabilizing news on the afghan front though it's not quite all stable and some better than expected retail sales data that is fueling the belief that maybe we overreacted earlier in the week when home depot was getting clubbed and that despite pretty strong numbers. all of them cocoalescing around this right now. but we're still
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