tv Varney Company FOX Business October 27, 2021 9:00am-12:00pm EDT
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but i kind of like the toothpaste orange juice combination but it is how i start my day. maria: there you go. learned something about you. great to see you both. thank you so much, always a pleasure and honor to be with both of you. have a great wednesday, see you soon, same place same time. "varney and company" begins right now. stuart: it is an unseemly scramble to pull together a spending deal. they are coming up with some pretty wild schemes. the latest is the confiscation of wealth, they make us believe 700 people will pay for a big chunk of the trillions in spending. they want to 15% minimum tax on
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profits corporations report to shareholders, not what they report to the irs. all those legal right offs will be swept aside. both of these tax measures will face legal and constitutional challenges. the spending will not be paid for and they still don't have an agreement. this is no way to run the government. he trump for -- to get suburbanites to an employee -- avoid inflation, crime and others and go back to the old standby, just run against trump. this is a must win for democrats but republicans have the momentum. there's another bellwether election, this one in new jersey. closing the gap with governor murphy, taxes, that is the big issue. he will join us in 15 minutes. back to the markets. here is help two of the biggest big techs are doing after both came through with spectacular earnings reports. if you are in stocks, google,
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down, microsoft up. we will begin to those in a moment. look at cryptos. the pull back from the record highs continues. bitcoin has fallen well below 60,$000 at the modest pullback and interest rate continues as well, the 10 year treasury below one.6%. stocks holding right at record highs, dow is up 40 points, s&p four points, nasdaq 25 points to 15-5. if you are a taco fan you will be happy with the world series game last night, taco bell will give you one free taco as part of their steel a base, steal a taco promotion. the braves did beat the astros 6-numtwo. we do cover it all. "varney and company" is about to begin.
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♪♪ stuart: cost on camera. that gentleman who scampered away from the camera, will cain. we are going to? later in the show to appear. that was a live shot of minute maid park in houston, the braves bit be the astros, game 2 is tonight on fox of course. look who is here. lawrence jones. todd pyro by the way. did either of you watch the game all the way through? >> i missed all sporting events
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since may of 2017. >> i thought they would bail me out on this one. the braves pitcher break his leg? brian: devastating injury because the braves don't have a lot of starting pitching. they went to it with 3 starting pitchers, they have two left, a lot of bullpen games going forward. interesting to see if they hold on. stuart: you dodged the question. brian: i turned your show into sportscenter. stuart: will cain will appear static on camera. i see record highs across the board. shah gilani will be with us was i want to talk about tax ideas. what impact will democrats 15% tax as reported to shareholders have on stocks if it is enacted?
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>> it is not a devastating impact. a lot of corporations paying less than 15%. is not the worst idea to have a 15% minimum tax and if there's an alternative tax where they pay 15% or create lower base that is legitimate in terms of proving the their tax base should be lowered that is fine with me but as far as the minimum, it will not impact corporate profits that much. companies make that much money and handle 15%. stuart: you don't care if a tax corporations. i >> corporations in this country are strong enough to handle 15% minimum tax easily. stuart: pat yourself on the back because big tech is making the running. what are your earnings from big tech, microsoft and google? >> one word, fantastic. they have been leading the
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market. investors are willing to pay up for these earnings. this is five quarters in a row of record profits, microsoft looking at 48% net profit growth. these companies have the ecosystems and everything consumers want and investors are willing to pay up. this will continue because this is where the growth is and where revenues are coming from and cash is being built up and that justifies higher multiples which they are all fairly highly valued in certain ratios but it is justified and will continue as long as they are not overly regulated. tech will continue to lead the market higher. stuart: we hear you and thanks for being with us today. i to dig into the microsoft
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report. i was following that report closely. i couldn't find any negatives. >> the top 20 billion for the first time, growth of 50%, they took 20% market share, 800 million members, paired with google, the cloud boom has momentum going forward when stock is at a record high. stuart: what about google? >> they are immune from a lot of issues hitting their peers. one is supply chain that impacted automakers that advertised through the site but if you look at apple, google's overall and revenue, $53 billion, that is how big it is.
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we saw limited impacts from the apple ios privacy changes. barely hit youtube. those are the issues plaguing other companies. people searching for open near me four times what it was in 2020. how many times is this open, can i do this as a regular person looking to do stuff with the family? open near me. stuart: that is an important metric. let's get to politics. president biden visiting virginia to campaign for terry mcauliffe but his focus was on someone else. >> i ran against donald trump. terry is running against an acolyte of donald trump. doesn't like to talk about very much now but to win the republican nomination he embraced donald trump.
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stuart: you add it up and you get 24 times trump's name was used by the president. will cain is in position. i to see you speculate why do you think president biden went after trump in virginia? >> reporter: miscalculation, thinks he can make this race about donald trump because they calculate in 2020 they won and election that was an up or down vote on donald trump and his personality. they may be right about 2020 but they're wrong about what is happening in 2021 in the virginia gubernatorial race. a better analogy or better characterization of this race would be parents on the ballot. this race is a reflection of the democratic policies, the national and state level, putting parents on the ballot. should parents dictate what their children learn in school?
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can parents be in charge of the children's educational should it be government bureaucrats? i might want to make this about trump but it is about parents. stuart: let's get to the world series. the astros and the braves got some issues, no matter who wins the world series. >> the referencing the astros, the cheating scandal from a few years ago tainted the world series. i was in the stadium and they are laying into it. signs saying whatever it takes we are here to win. we want to get in their head. i am sure it would be a level of vindication to say extra technological help. we are here, we can win. they are game down. on the other side, baseball pulled the all-star game out of atlanta for the voter rights bill that characterized the voter suppression bill. major league baseball, game 3 and 4 and potentially game 5
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hosted the same state or the same stadium. stuart: you can get back off camera if you like. >> for you impressed with my horizontal movement? that was a leap. stuart: we will see you at some point in the future. stuart: when the market is likely to open slightly higher. congresswoman ilhan omar, for the violent spike in minneapolis. >> reporter: to not fulfill their oath of office.
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stuart: the other, minnesota native pete hegseth will be on shortly. the virginia governor's race is not the only big contest but the new jersey governor's race is competitive. the big issue, i'm talking to a republican candidate after this. ♪♪ to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ ♪ ♪
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days from the gubernatorial races virginia and did he in virginia, in new jersey governor phil murphy holds a shrinking lead over his republican challenger. jack toarereally, education is the top issue, is it taxes? >> taxes and business, that is what i am talking about and will continue to do so over the final 6 days. stuart: will you cut taxes if elected and which taxes would you cut? >> the first we need to cut is the property tax. it touches every citizen whether they own or rent particularly small businesses. we need a new school funding formula that will lower property taxes. stuart: what about income taxes in new jersey? >> the highest bracket is eight more than pennsylvania. if we need a new tax-cut i
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propose the new tax brackets that benefit all new jersey and. stuart: what tax brackets will those be? >> that is something i will talk to the legislature about. we are not going to lose people to pennsylvania, delaware, florida, georgia. we need a new tax-cut that works for all new jersey and's. stuart: let's talk about education. will you allow critical race theory to be taught in the classrooms of new jersey in public schools if elected? >> we will get back to teaching critical life skills in public schools and providing vocational training for children the don't want or need to go to college and other sensitive subject matter to the kitchen table between parents and their kids and we will not teach critical race theory or teach our children that white people perpetuate systemic racism. stuart: can the governor of the state say that to all the school boards?
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know crt, can you do that? >> absolutely. the governor has great sway over what is taught in public schools, we know because of what phil murphy did and i the pandemic. he made changes to the public school system and having gone over well with new jersey and. he believes we should teach gender id and sexual orientation in kindergarten. i have yet to find is a person in new jersey who agrees with that. stuart: how about a vaccine mandate for children and state workers. would you impose such a mandate? >> i am vaccinated, promoted my vaccination and encourage people to get vaccinated but i don't believe government has a right to tell people they have to be vaccinated let alone telling parents they are vaccinated children, we are not going to infringe under parental rights. stuart: governor murphy has not impose the vaccine mandate at this point. do you expect him to? >> that is the great fear, this guy has not been transparent,
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this is the guy that said taxes are your issue, you want to make it the california east coast and the bill of rights was above his pay grade. the great fear is he's not true about what his intentions are with regard to vaccine mandates. that is what the campaign is about. stuart: are you going to win? >> we are right there in new jersey is known for pulling out republican victories. we have won 6 of the 10 governors races and i intend on winning this one. we are where we need to be with 6 days to go. stuart: thank you for being with us. we are following this race closely. i live in new jersey. good luck to you. this is an interesting news item. florida school district is rolling back its mask mandate. >> broward county was one of a few districts to implement a mask mandate in defiance of
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governor ron desantis was beginning next week wearing a mask will be optional in high schools. the school board voted to keep a mask mandate in effect for elementary and middle school students in support of the differing treatment. high schoolers are old enough of the vaccine. stuart: i wonder if you will hear more mandates being pulled back. >> and the way they did it in broward, high school rollback -- stuart: gradual rollback. a vaccine mishap in washington state. what is this mishap? >> really disturbing reports, three people accidentally given the covid vaccine, now the army investigating, spokesperson saying 3 people were supposed to get another vaccine adding corrective action has been taken to prevent this from happening again. why is there not corrective action? we want to make sure we are getting the right one.
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stuart: is that so disturbing? if you go for one vaccine you go for another. >> the argument from those individuals in all likelihood i have a reason i was getting the other vaccine that was more tested than the covid vaccine. stuart: i smell a lawsuit. to check those markets, you have 7, 8 minutes to go before we open the market and i am seeing green across the board. it will be a good day. back with "the opening bell". ♪♪ (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf.
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welp, enjoy your house. nope. no thank you. geico could help you save on homeowners and renters insurance. stuart: wednesday morning the market shows a modest gain across the board. you were with us and said you would get a christmas rally. could be we are seeing a christmas rally. >> a coiled spring ready to explode and this rally is going to continue to accelerate to the end of the fourth quarter but there's a lot of money on
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the sidelines on the wrong side of the trade predicting a 20% drop and now they chase this market. that comes with the caution sign, investors need to take profits at the end of this year, next year in the first half it will look different. don't be greedy here and enjoy the rally in 2021. stuart: the first time you remember saying sell something. >> maybe one of the reasons why twitter handle is common sense bull is i tried to take a common sense approach to this. three strikes against them. inflation crippling to the consumer. mathematically impossible to have as much discretionary income next year as they did the first half of this year. gdp is going to decelerate.
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the fed has gotten the inflation wrong. it's not transitory. the fed will be in a tough position where they have to tighten while gdp is decelerating. tightening while gdp is decelerating is one of their worst scenarios for the stock market. that is happening in asia and why their markets are taking a big hit and thirties earnings. in the second quarter of next year compared to peak earnings in the first quarter second quarter, the deck is stacked against the market in the first half. i expect 15 or 20% selloff next year. stuart: most people in the audience who got any money in stocks have a lot of money and big tech. are you now saying it is time to lighten up a little on big tech gains most of us have made? >> our playbook we share with our clients is we are not taking it off the table. we think certain asset classes could go up 7 to 12%. by november and december we
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will incrementally start taking risk off and big tech could be included in that and then playing defense late to mid january next year. that would be a risk early rather than late so that would be an advantage of the big trop we think will happen. stuart: you get out now by the end of the year and thinking of jumping back in again by mid year. is that your scenario? >> 15% to 20% drop at that time, some great entry points and hopefully enjoy a rally in the second half of next year. we haven't had a double digit drop in quite a while but the data i just shared with you will be accurate and play out the first half of next year. >> you are very specific in a man who manages money and goes on television. most people are vague but you spelled it right out. lighten up in november and december, big drop coming in
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the first half of next year. keep your powder dry and buy something by next year. interesting, isn't it? we will see you soon very soon i'm sure. looking at the market in 20 seconds, we will had some new record highs, the dow, the s&p, the nasdaq not close enough. it is 9:30 eastern time. the market is open, we are up as expected, 30 points on the dow industrials split among the dow 30, winners and losers. the s&p has opened higher but only just 0.08%. the nasdaq is up, the game is 0.31%. that is pretty strong, that is
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one third of one%. big bound to be doing well, the nasdaq is up, microsoft is a new record high of $3.17. apple shy of 150. google is up 22 points and amazon up, the only was her is facebook which is down $2 at 313. early this morning, there's mcdonald's, good report, they could boost prices because of inflation and price power. >> not only were people placing more orders but bigger orders. they were up 10%, in contrast this report to dominos and burger king sales were down because of the labor shortage. the dow stock up 2%. stuart: how about coca-cola, it is up 2.5%. >> the reopening story, they posted $10 billion in revenue,
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raised for your profit forecasts for ordering soda. >> they charge more for those beverages. stuart: to a company that size they open up? >> the off premise location, the bar. stuart: i didn't realize that. move along to general motors. >> the loser down 3 and 2 thirds% so revenue and profits fell short, shift fewer cars to dealers because of the chip shortage. results were stronger-than-expected and full-year earnings will come in the high range of previous forecast. stuart: here's something i was not expecting. robin hood reported a slowdown in crypto trading. >> not only are they not prepared but don't have cash revenue going forward. such a volatile market. numbers on revenue from crypto trading and i had to check
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these a few times but for the past quarter, $51 million in the prior quarter, $233 million, that is a sharp fall and now they are proceeding cautiously, the ceo said we are waiting for regulatory clarity before we had more cryptos, and they are waiting for regulators to come in here and one reason their user growth slowed to under $19 million. stuart: that slowed the bitcoin rise down to 58,000 and a theory him below $4,000. harley-davidson, ticker symbol is hard, up 4 and a half%. they had a turnaround plan that is working. lauren: motorcycles for older and richer folks, like the man having a midlife crisis. i love the turnaround plan, that it is working and they reported a third consecutive
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increasing quarterly sales, fell for 2 years in a row. stuart: are they selling more bikes to richer midlife crisis 40-year-olds. >> you said they expect motorcycle revenue to grow 30 to 35% because of it. stuart: i'm not suggesting you have a midlife crisis but would you buy hog? >> i'm not a hog guy but i hung around the hog guys, not necessarily 40-year-olds like me but little older and have a connection to the brand. maybe their stock portfolios are that good. stuart: i used to drive a triumph a long time ago. a better bike than harley. there are no pictures of me riding a motorcycle. it doesn't exist. there is no such picture. moving along to boeing. anything good in their earnings report? >> hard to find. the headline may be the ceo
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talking about borders reopening,737 max coming back, they delivered a lot of 737 maxes but other than that an ugly report card that reported a loss, sales fell short. stuart: before that max problem, that stock was $350 a share and now it is 210. lauren: they are having others too. they are in production. stuart: not because of the stock price but the relationship. carvana partnering with hertz, the car-rental people. lauren: they just came out of bankruptcy. stuart: there were 100,000 teslas. >> totally reinventing themselves. they are going to sell cars through the carvana marketplace, direct customer, you don't have to rely on dealers can pay the dealers as a result. rental cars a big part of the
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used car market and that worked for carvanas well as partnering with uber. uber drivers can rent a tesla, the $4.2 billion order, the uber driver can rent one for $300 a week so these two partnerships solve the two problems for rental car companies. they can keep the cars moving longer. stuart: when those teslas arrive, i would be there to test drive. i've never driven an electric car. why not drop in for a couple days and drive one around for a bit? >> i get driven to work every morning and an electric car and it is a beautiful ride. stuart: which car? which tesla? do you drive in the morning? >> it is a long day to walk an hour and a half home. lauren: what do you like? >> it is peaceful experience
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like you're in a first-class plane cabin. i feel like the sound from the outside doesn't make its way in. it is smooth. lauren: can you find a handle for the door? >> the first couple times it was tough. i was late to work because i couldn't get in the car. another joke. they are hidden in the door so you have to push and it comes out magically. it is a very secretive car. there are compartments but it is well-designed and looks really good. stuart: it is a techie's dream. >> nothing as cool. stuart: dow winners, look at that list. coke at the top, procter & gamble, nike and intel as well. the s&p 500 winners, squinting again, trying to see it. ups was a big winner yesterday, big winner today. nasdaq winners, showing them? lauren: regeneron, advance -- stuart: tesla again.
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$1,040. that wraps up our market coverage, the dow is down 60. cnn seems to suggest the labor shortage in this country is a good thing. >> strike tober, the great resignation may look chaotic but this is the kind of chaos the american economy needs. stuart: i will take that. i love a little chaos. the miami private schools forced vaccinated kids to stay home for 30 days after they get the jab. the head of the school tried to defend the rule. watch this again. where is the science that says a vaccinated child will infect an unvaccinated child. >> the science hasn't been concluded. there is no science. we are doing the research as we speak. stuart: i didn't get a straight answer to my question and now
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thinkorswim trading. from td ameritrade. stuart: i promoted my vaccination, i don't believe government has a right to tell anybody they have to be vaccinated little in telling parents we are vaccinating your children, we will not infringe upon that. >> he is running against democrat phil murphy and that race is tightening. the race, sixties until the election.
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pete hegseth. why is pete hegseth coming? he lives in new jersey. it will be a huge win for the republicans and loss for the democrats going into next year. >> new jersey is solidly blue and to see the race within 6 points and factoring in the margin of error, is closer. it is an indication of the way conservatives and republicans could have and the anchor that is president biden and the policies at the national level and people like phil murphy who is an auto crap. early on in covid he said in an interview with tucker the bill of rights is above his pay grade. he believes any controls, any mandates are good. there was a video that came a few days ago showing murphy
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staffers saying don't worry, after he gets elected there will be mandates across the state. a lot of posturing but it is about freedom and choice and new jersey might be left of center but a lot of common sense individuals in the state. we will see. stuart: personal freedom important to people of the garden state. squad member ilhan omar said the police are to blame for the spike in violent crime. >> children to not fulfill their oath of office and provide the public safety they owed to the citizens, the minneapolis police department, to function as a police department in our stated policies. stuart: you are from minnesota. what do the people of minneapolis say? they elected ilhan omar and suffering from this crime
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spree. what are they saying? >> they are saying i don't want to go to minneapolis by myself, basic public safety is at issue. the woman who wants to defund and dismantle has been an advocate for doing that at the minneapolis police department, now is saying the dismantled police department is to blame for the fact the crime is on the rise. is not about funding. leadership of any department in any city requires police officers believing city leaders have their back if they do their job even if they make a mistake and in minneapolis they know the first people thrown under the bus if they were to be proactive would be police officers. we are not going to chase or pursue or be aggressive which means they know they have carte blanche to effectively operate,
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we've seen it, and at the police officers that she demoralized. she is safe where she is, democrat plus 1000 in her district the democrats elsewhere went into this. stuart: give me 30 seconds on president biden as gender equity plan that includes eliminating cash bail. >> yes i can. this is defund t the police in sentiment from the white house. murder rates are up 30%, the highest increase in the history of the fbi taking these statistics. plenty of evidence folks committing the crime if they are allowed to be released right away reoffend before they are arrested again or show up for their court date if they show up at all. this is letting criminals out of jail in the name of equity, in the name of gender equity,
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females locked in prison and the inequality that results, this is left-wing defund the police. stuart: that was 40 seconds and we will see you again soon. todd, recovering lawyer. what do you say about the end of cash bail? >> new york city perspective you walk the streets and see these individuals that have been let out in new york city because new york got rid of cash bail. i get in, i get out, don't spend any money in the city anymore because i am scared. gender equity is like gender equity like tree equity deals with infrastructure, makes no sense. stuart: democrats believe 700 billionaires would pay a chunk of their spending spree, not going to happen. is this any way to govern, my make-believe? top of the 10:00 hour, the head of influential teachers union praising an op-ed which claimed
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parents don't have the right to shape kids curriculum. i will ask two parents about that, lauren and todd after this. ♪♪ we're the kids in america ♪♪ we're the kids in america ♪♪ with voya keeps me moving forward... even after paying for this. love you, sweetheart they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas are the best! well planned. well invested. well protected. voya. be confident to and through retirement.
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stuart: the head of the second-largest teachers union, randi weingarten praised the op-ed that said parents claim they have the right to shape their kids school curriculum, they don't. let's bring in lauren and todd. both of them are parents. should parenting your belief have the right to shape their kids curriculum? >> absolutely. i never thought i would be so aware of what is being taught in school because we blindly trust the school system. that it was it was when i'm growing up, have to ask questions and be aware. i'm not surprised randi weingarten said this because teaching what our children are learning, parents rights and values is at the heart of the virginia gubernatorial race and might be at the heart of midterm elections next year. stuart: what about you? >> i agree.
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what is -- you new jersey as well as i do. there are one and a half conservative counties. it shows how important this education issue is. parents, regardless of what party they are in do not want many things that are currently being taught, they are fighting back and protecting kids which is what a mama and papa bear do. stuart: don't teach that america is a bad place. another one here, fda panel did recommend pfizer's covid vaccine is safe and should be applied. do you think schools should mandate vaccines for kids? >> this is a tough one, schools mandate many other vaccines was the concern as a parent, we had this discussion before is testing. we all agree we are older, we may put something in our body without the testing because whatever, we are older but for the forming body of a child i
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think it is okay to have a concern if it is ready and safe. stuart: i will try to be optimistic you can't mandate something for emergency use, we are buying some time. they are in a different place. they are vaccinating their children because it is their mindset. no more. we will see what the climate is with regard to people getting infected. the rates overall and adverse reaction and you can't talk about it now. stuart: every parent will have to discuss this across the country. the push is on to vaccinate the kids. >> cost-benefit analysis when they look at kids getting sick. stuart: you are a glutton for punishment but good to have you. still ahead, mike pompeo, former secretary of state, martha maccallum, byron donald,
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♪. stuart: '50s music. yes it is. i was saying, couldn't hear me, this is 1950s music. and it is. dean martin, the man himself as we look at the empire state building. good morning, everybody. it is 10:00 eastern. straight to the money. up 35 for the dow. nasdaq going strong again, up 82 points. i bet big tech is doing well. show it to me. we it is. microsoft close to $320 a share. big smile, stu. amazon up. facebook is only down a buck. show me tesla, please, up again. $43, another 4% higher. musk must be worth, what 310 billion by now. i haven't done the calculation but it is in that neighborhood. the 10-year treasury yield is firmly below, i mean firmly
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below, 1.56 right now. bitcoin in retreat, down 59,000 bucks a coin. now this. the democrats believe 700 billionaires will pay for a big chunk of their multitrillion dollar spending free. that's nonsense. first of all the seizure of wealth is unconstitutional and the super-rich will use an army of lawyers to help them avoid it. the left doesn't care about that. they want to pretend for paying for it all just to get the programs on the books. it is a trick. vilify the rich. then blame them for failing to support the children. there is another desperate tax proposal, a minimum 15% tax on corporate profits as reported to shareholders, not as reported to the irs. big difference. so corporations would not be able to use perfectly legal deductions. those writeoffs swept aside. corporations have as many
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lawyers as the billionaires. so there would be a legal challenge there too. clearly the big spending plan will not be paid for. we will have to borrow trillions. how do you think this looks? a bitterly divided party scrambling to ram through highly controversial spending. they have 36 hours left to get it done. this is no way to govern and there is three more years of it to go. second hour of "varney," oh, we're just warming up for this. ♪. stuart: bob doll joins us this morning. all right, bob, right at it, what impact do you think the democrats 15% tax own corporate profits as reported to shareholders, very important distinction, what impact would that have stocks if it passed. >> taking a back seat to earnings but it's a negative. you know what, stuart? i think a lot of corporations will say i would rather have
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that 15 minimum than raise the number by a certain percentage up to 26 or 28 from the 21. wall street investors are breathing a bit of a sigh relief despite the negative tax comments you just made. stuart: what about earnings so far. we're right in the middle of the season. how does it look so far? >> off the charts again, stuart. the surprise factor is 14% better than expected. that compares to 16% last quarter, 20% the quarter below that, before that but the long-term average is eight. so earnings are amazing. i thought, in fact i said on your show that inflation and supply shortage issues could cause earnings to be less robust. that is proved wrong. companies are passing through with price increases those cost pressures they have. we'll see how long that can last. so far so good. stuart: that's what we've got? we still have the wall of money
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coming at wall street and now we've got another record profit reporting season. that's what is doing it? that is why the market is up? >> pretty good combination. tina, there is no alternative argument still holds true. stuart: did you watch the show yesterday when i mistakenly said anita instead of tina? >> close enough. stuart: close enough. let's go back, tina, there is no alternative. everything's up, no alternative to stocks, is that your point? >> that is what people come to the conclusion. put my money in cash? nearly zero. that's crazy. put money in bonds. interest rates moving up as inflation does. i lose money in bonds. i will stick with the stock market. maybe i sell stock a and buy stock b but this is a reason a lot of money comes into the stock market. stuart: record highs still to come before the end of the year? >> i expect so. the amazing 7% rebound the last
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two weeks after that selloff has been very impressive. markets get tired like you and i do but i don't think we've seen the high yet. stuart: not seen the high yet. amazing after 12 years of rally, good stuff. bob doll, thanks for being here. always a pleasure. >> all the best. stuart: as of now the dow is up 54 points. here is a headline for you. biden versus americans, his priorities like climate change ignore the top worries of most voters. who wrote that? liz peek wrote that. she joins me now. is your premise president biden south of touch with the concerns of ordinary voters and ordinary people. >> oh he is. you don't have to take my word for it. 37% of people in a recent poll biden doesn't address issues they care about. job, inflation, number one right now. crime, crime is big issue in the suburbs and obviously in the cities. what is the biden administration
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focused on, climate change to the exclusion of many everything else. racial equity, trans gender rights, that is not what most americans are focused on, stuart. this is hurting his administration and there doesn't seem to be any pivot at all taking place. last night in virginia, president biden looked like he was running against trump. run against trump. failing on education, inflation, jobs, what do you do? you resurrect your old enemy, saying that trump guy he is going strong. >> he mentioned trump 27 times in 17 minutes. stuart: we counted 24. >> i'm not sure he doesn't know he is not on the ballot. this is interesting because of course in 2020 the election was all about trump. it wasn't about joe biden. i think now voters remorse, people looking at joe biden homely mackerel how did we end up electing this man president? now in this election in virginia and by the way in new jersey too, resurrecting donald trump as sort of a centerpiece of your
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campaign is not working. again, voters don't care about that. they want things fixed in their hometown and in virginia obviously education has become a center point of this race and actually i think it is an incredibly good thing that's happened. stuart: i think you're right. >> we need this conversation. we need people standing up for their children and watching what their children are being taught. high time. stuart: we don't want to go in that direction. that direction is not right for america. >> no. stuart: that is the way i feel about it. >> if you start little kids indoctrinated ages three and up? guess what they turn out to be the kind of people right now subverting our media. all the young woke liberals come out of college educated to think america is a racist society that this country doesn't offer opportunity to people. it is so damaging, stuart, so undermining of our country. now they want to start even earlier with these kid. we have to stop it now. stuart: well-said, liz. thanks for being here. >> thank you for having me. stuart: want to go back to the speech last night from president
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biden in virginia. the president stumbled, i didn't see it. i'm told he stumbled through the campaign speech. what exactly happened, lauren. lauren: not exactly sure because it was incoherent. let's take a look. stuart: incoherent. okay. >> we're taking a page from terry's book when he was governor and when he be governor next time. we're emerging from the pandemic. we want to expand pre-k for 3 and 4 yieldings millions of -- lauren: i know, i know. we've seen a lot of stumbling, incoherent. could explain a few weeks ago, terry mcauliffe distanced himself from biden. didn't really want biden to stump for him. as the polls get closer he called in the big guns, biden, obama, dave matthews is going to virginia. stuart: dave matthews, the singer. lauren: the band, yes. stuart: big time dem. i didn't know that. >> yeah. i knew that, he is. stuart: can you name a single rock star who is a republican,
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on one hand maybe. lauren: country singers. stuart: back to the market. this is all good stuff. texas instruments, what's wrong? down 6%. lauren: earnings miss, tepid forecast. they were hit by the supply chain. so they can't cash in on big demand for their chips unfortunately. that is big loser today. stuart: f5 i believe a network software-maker, nice gain? lauren: solid report card. they raised their outlook. they're benefiting from subscriptions. credit suisse coming out saying f5 is best positioned in the i.t. networking space. stuart: advanced micro devices. lauren: they just turned. they just turned. they hit a high earlier. sales rose 54%. they're seeing a big demand for chips used for servers and game consoles. you have to remember as big tech companies push further into a.i., using chips like the one amd provides. stuart: fascinated by this one. mark zuckerberg, his wife, priscilla chan, are being sued by what?
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lauren: care takers of their home. suing head of security for racism and sexism. the family says, both hr department and outside counsel conducted separate multiweek investigations into the allegations conducting numerous interviews of their colleagues and reviewing other relevant documents. following these investigations allegations could not be substantiated. the suit also claims that the workers didn't get paid overtime and they weren't given breaks. stuart: not read anything into that. just report it. lauren: did a thorough investigation. everybody is coming for their money. i mean that is what it is. stuart: thanks so much, lauren. president biden wants to eliminate cash bail as part of a gender equity plan. the country seen unprecedented spike in violent crime in places where they have abolished cash bail. martha maccallum takes that on in our next hour. china launched a military satellite into space, sparking fears it could be used as a
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weapon. former secretary of state mike pompeo talks the space weapons race next. ♪. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
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>> 10:15 eastern, 45 minutes into the trading session. modest gains pretty much across the board for the indexes, whatever you want to call them. i want to show you mcdonald's and microsoft. both way up. new high for microsoft. i think that is a new high for mcdonald's as well. both dow stocks taken together, they are 100 points for the dow industrials. without dow and microsoft the dow would be minus 60. cia director william burns
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making a rare appearance on capitol hill today. the democrats do not want to ask him about increasing global threats for america. no, they called him in to discuss diversity, equity and inclusion. lucas tomlinson joins me. are there more important matters to discuss, lucas? reporter: a lot of people in the the pentagon would agree with you. the top general said he is very concerned about china's hypersonic missile launch. >> we saw a very significant event after test of a hypersonic weapons system and it is very concerning. i don't know if it is quite a sputnik moment but close to that. very significant technological event that occurred or test that occurred by the chinese and it has all of our attention. reporter: this morning for the first time since april the cia director, the director of national intelligence among other spy officials appeared before the house intelligence committee. in the opening statement the
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committee's top republican devin nunez said the following. >> unfortunately we can't counter hypersonic missile launch with better pronoun usage. i argued woke obsessions are the proper juicerdy,s of faculty lounge marxists not our national security agencies. reporter: just yesterday the pentagon's number three officer said he is concerned about isis forming in afghanistan saying the isis and khorazon group could launch attacks in the united states as little as 12 months. some spies say it helps to speak the local language and look like the people you're spying on. stuart: understood. laak cast, thank you. china launched a military satellite saturday to help clean up space junk. there are fears it could be a space weapon to be used against american satellites. mike pompeo joins us, the former secretary of state. mr. secretary is china launching space weapons and do we do the same and are we behind in the
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space weapons race? >> stuart, good morning. not only former secretary of state. you recall i served as cia director for a period as well. one comment quickly. the cia has to focus on things that matter to america on american security. to focus on things that are disconnected from that, things that don't get to merit, get to excellence, don't get to delivering good out comes for the american people put everyone's life at risk. when i hear democrats talking about diversity, inclusion, all that good stuff, fine. where is the folk bus on unending, unceasingly making sure we protect america. as for china and space weapons we have known for quite a period of time that china was continuing to develop its space program, the capability to taket satellites, to execute military missions from space. we've been working right alongside that. we are in a reasonably good position but make no mistake about it, the chinese communist party has the capacity and intent to do real harm, not just from space, but stuart as you
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talked about before american infrastructure through businesses through cyber. there are real risks there. this administration is woefully underestimating the capabilities and intentions of xi xinping in china today. stuart: let's talk about china and taiwan. secretary of state blinken wants all u.n. states to support taiwan's participation in the united nations. my question is, why not make taiwan a full member of the u.n.? wouldn't that give them some profession from the chinese. >> it would, it absolutely would. with respect to taiwan the united states will have to lead on this. we can't ask others to do the heavy lifting, stuart. you know this full well. in the end the united states is the party that has the commitment to provide resources taiwan needs to defend itself, in writing, that is the agreement we signed up for, when president biden did last week when he was on air saving he would honor the commitment to defend taiwan, had his own staff contradict him within hours, this is confusing.
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this is confusing to the world. it is confusing to the world, to the chinese communist party. i assure you xi xinping understanding this demonstrates this administration doesn't have a real policy on taiwan. we should do more talking about whether taiwan can enter into an international organization. that is interesting, we should advocate for that but we have to do the real hard work, make clear to xi xinping going after taiwan is unacceptable the. stuart: it is unlikely president biden will go after and chase down china, strongly react to them. when he is off to glascow and wants some kind of a co2 drop from china. he wants that from china. he is not likely to go against them seriously and forcefully on taiwan? >> stuart, this gets to where i started. this is about priorities. my priority, president trump's priority was putting america first. things like woke culture and climate change were not at the
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top of our foreign policy agenda. saving the lives of americans, making sure our soldiers didn't have to fight and die in difficult places, those are the things at the top of our agenda. you're right. they're prepared to trade climate change and sending secretary kerry all around the world to work on this, to sacrifice the important american security objectives. our friends and allies around the world see it. a fake promise from china to maybe get rid of some coal in 2050, we'll give up an awful lot. this is dangerous time for america. we need a president who will lead this properly. i hope president biden will come to see this. xi xinping may grab our attention real quick and force us to respond in a way that is serious and thoughtful, not in the way that president biden has responded to china to date. stuart: the president is going to meet the pope on friday. if i remember correctly the pope rejected, refuse a meeting with you back in 2020. he said he didn't want to be used for political purposes. am i right in saying that? >> he didn't want to be near
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trump. >> you're correct about that i meet with the pope on my first visit to rome. the second time i had made clear that i didn't feel like the vatican was using moral witness in a way that protected religious freedom inside of china. chinese communist party was denigrating not only christians and muslims in the with. catholics as well. the pope had a deep disagreement on that. so he refused to see me on my second trip there, stuart. stuart: leave it there, mr. secretary. >> thank you, thanks a lot sir. interesting, big airlines and travel industry executives are teaming up. this is an effort to help afghan refugees. what are they doing? lauren: they're donating 20,000 flights to relocate the evacuees throughout the country. there are 53,000 afghan refugees on eight military bases. only 5700 have been resettled. that is a big process. the afghans allies arrived here
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abruptly overwhelming agencies processing them. we're seeing support from the private sector, finding them homes. stuart: in this case the airlines are paying for the flights. lauren: they are. stuart: 20,000 flights. lauren: united american, jetblue, trip advisor, boeing, front tear airlines. they're all there. stuart: fair enough, good stuff. now this florida's job growth, florida's job growth was three times faster than the national average in the whole country. florida is doing a good job there. i will ask florida congressman byron donalds how his state is getting people back to work. half of all american companies are saying they are short of skilled workers. if you ask cnn the labor shortage is a good thing. roll tape. >> so strike tobier, terrible word, the great resignation may look chaotic. this is just the kind of chaos the american economy needs. stuart: that is what we need, a little chaos in the economy. we have the full clip for you which we will play after this.
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stuart: check those markets please. we surgeon -- turned south for the dow, south for the s&p. we're looking at movers, lauren. what is the first one. lauren: robinhood. very slow user growth. 18.9 million users. their cryptocurrency revenue came down in a big way. 230 million in the second quarter, to 50 million in the third quarter. it is a volatile market. that is how they were making a lot of their money and not working this time. stuart: what else? lauren: i was looking at marathon digital assets. we're talking about cryptos. cryptos are selling off today. marathon digital down 6.6%. a lot of crypto stocks are down sharply today. stuart: spot. lauren: spotify. their premium, up 4.4%. the, they keep adding monthly active users. premium subscribers, 172 million of them in the quarter. people like podcasts. advertisers like podcasts. that revenue coming in strong. stuart: 172 million users.
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172 million? lauren: yeah. stuart: global marketplace i guess. lauren: global like music. stuart: for weeks democrats keep saying, they have kept on saying they're close to a deal on their massive spending plan. watch this. >> yes, i am very confident we will. we are very, very close in this. >> we have seen more progress in the last 48 hours than we have seen in a long time. >> you all never believe from the beginning that they would ever get anything done. i think we'll get a deal. >> you feel like a deal is close? >> i think it is very close. >> tonight. yes? stuart: joe concha is with me, having sheen that. i'm glad he is with me. look, to me, this is unseemly. a mad scramble to get something done in 36 hours when you're dealing with trillions of dollars worth of spending and always close to a deal. are they going to get a deal? >> no, of course not. you're talking trillions of dollars, all the lawmakers involved in this, don't know exactly what is getting stripped
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out, what is being kept in and most importantly we're hearing it has to get done before joe biden heads to brussels sew looks good in front of world leaders. no! i don't care what world leaders think about joe biden that is political reason. the american people deserve to know how is this getting paid for, how the money is being spent and no one has a good answer. stuart: have they thought through? have they thought through the billionaires tax. do they think 700 people will pay for a big chunk. >> i think they're street mart people. they are looking for team of accountants to find the gaping loophole so we don't have. if you tax all the rich ought the with zoo doesn't add up to trillions of dollars here. it will be passed on to american taxpayers. we have core inflation at 30-year high. you spend these trillions, i am not a economist, i read economic papers, they say this will push inflation up even higher that impacts the middle class.
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stuart: you run a government like this, you are a laughingstock around the world. i have another one for you. biden mentioned trump's name 24 times while campaigning for mcauliffe in virginia yesterday. just listen to this. >> now he doesn't want to talk about trump anymore. well, i do. donald trump. donald trump, donald trump. donald trump. donald trump. donald trump. donald trump. former president trump. donald trump, donald trump. donald trump, donald trump, donald trump. is there a problem with trump being here? stuart: not sure you're supposed to do that with the president of the united states and we did it, it was 24 times. what do you make of it? >> i make this is all they have. they have donald trump. usually when trying to win a campaign you talk about the positive things you're going to do or your record. joe biden that is all he has to talk about. talk about inflation? no. talk about the supply chain crisis? no. talk about violent crime rising in american cities? no. afghanistan, taboo, will not talk about that the border, anything but secure.
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every aspect of governing he is failing on right now. i'm looking at this objectively. in virginia, if i'm terry mcauliffe i'm not too excited joe biden came. he is polling 41% approval in virginia, a blue state he won by 10 points. he is polling that low. he is toxic right now. that is why glenn youngkin has the momentum. youngkin is talking about the issues, particularly education, not saying donald trump is bad. therefore elect me. what does that do? stuart: i don't think it will work. i really don't. the performance where you have not done any success, you go back to the old standby, trump's fault, trump is the bad guy. i don't think that works. we're a year from the election. >> donald trump has not been in power 10 months. glenn youngkin has not had donald trump on the campaign trail. that is all they know. they got him elected. we're bad. mcauliffe, biden, democrats proving that is not the case too. stuart: i'm dying to see the
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polls taken after last night's presentation in begin what by the president. will it do mcauliffe any good or not? i'm dying to see that. >> i will stick around. stuart: i want to you stay, i got a story i need you to comment on. >> okay. i was going to leave anyway. stuart: he never leaves. the dating app, not familiar with it, hinge. it is called hinge. want to give daters a better experience. what would that be? lauren: adding audio recording, voice notes. i like this. people take pictures of themselves with the best lighting and all of the filters, even videos like that, you don't really know what someone looks like. this way you get to know them. hear them, tell their stories in their voice. stuart: you're the media kind of guy. what do you think of that? >> outstanding idea. lauren: stop. >> but have a voice. stuart: imitating english accent. >> english act end. stuart: imitating a english actent if that is favorable and
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nice? >> not at all. that is irish. stuart: do you think i would do well on unhinged. >> absolutely. low 50s. gives you wide range. go for the low 30s girl, 70-year-old doing garr. i went on match, the girl's name was melanie griffith. she may be watching. itch had a nice time. one of my friends god married on tinder. that is supposed to be mrs. right now. lauren: did melanie griffith look like. the profile picture was accurate? >> it was dated a bit. lauren: you see. audio recording is what you really sound like. >> that's true. stuart: i will move on. i don't know what to say. >> are you single? stuart: i've never been on a it dating app in my life. lauren: me neither. no. missed that boat. stuart: we've used up a lot of time on this hinged thing. i think we better move on. get serious. nearly half of american companies say they're short
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staffed. they're struggling to keep up with demand. lauren, cnn is praising the worker shortage. lauren: and encouraging worker strikes. >> "strike-tober," terrible word. great resignation may look chaotic but this is the kind of chaos the american economy needs. lauren: you ask a lot of people the real chaos, it is inflation. the strikes add to inflation because they take workers off the job, slow down the supply chain. senator biden was on the picket lines, supported union workers. supported striking. he is not not supporting it now but he can't aggressively support it because he is looking at the labor shortages, supply chain issues. by doing that he would encourage more strikes. stuart: chaos gives us inflation. chaos ain't good. last word. >> that was not journalism. that was activism. he is telling people what to do. just report the news. stuart: that is cnn, clinton
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news network. >> not the network of bernard shaw. stuart: or me, i was founder of cnn. >> you were? stuart: i was the first person to broadcast on day one of june 1, 1980. >> get the tape. i haven't seen. this probably looks the same. lauren: triumph bonneville 650 picture doesn't exist. he had a motorcycle. big one. stuart: bonneville, 650. a bonnie. >> ever had a hog? stuart: no. never driven a harley. >> had a moped at 13. chicks dig it. stuart: dying to see the ratings for this particular segment up or down. i really don't know. let's get serious, the city of seattle cannot find enough police officers to patrol the city. our seattle guy jason rantz has the story in our next hour. flu season around the corner. do you need a flu shot if you already gotten a covid shot? we'll ask a real doctor after this.
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stuart: the rally has faded on the dow industrials, now down 72 points. a bit of a fade on the nasdaq as well. was close up to 100. now it is up 60. a tiny fractional gain for the s&p. mixed position on the stoke market. texas is ordering 1.3 million doses of pfizer vaccine for children ages five to 11, 1.3 million doses on order. this anticipates the fda authorization of that vaccine for that age group. flu season, that is upon us. i want to know do i need the flu shot this year if i have already got my covid shot. let's ask frank who is a real doctor, this morning. doctor, i have my covid shot. do i need the flu shot.
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what do you say? >> good morning, thanks for having me, the simple answer, yes, a absolutely you still need the flu shot. we had a very unusual strange flu season last year. cases were way down. i normally see several hundred cases of flu last year. last year i saw precisely zero cases of flu. a lot had to do people wearing masks, washing their hands not going anywhere. a tremendous drop in flu last year. many people didn't get their shots. things are opening back up, people are going back out again, yes, definitely get your flu shot. stuart: okay. covid symptoms, seems to me, i'm not a doctor, but the covid symptoms seem to be familiar with the way you look and test when you have flu or allergies. how do you tell which one of those three you got? >> sure. it makes it a little hard. coming off the summer months when you know if you come into the office with a fever,
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flu-like symptoms, it is pretty much covid. now we're heading into flu season. we have fall allergies. it can be a little tough. the simple answer, come in to your doctor, let us check you out. when it comes to allergies, you typically don't get a fever with allergies, allergies, if you're eating your breakfast i'm sorry, juicier. you have mucous, congestion, spitting up phlegm. covid is dry. cough. trouble breathing. you might see people having trouble going up and down steps, getting short of breath with exertion. there are some subtle differences. bottom line, let us check you out. we'll tell you what is going on. stuart: last one, do kids need to wear mask this is year on halloween when they go trick-or-treating? i know what dr. fauci suggests. i want to know what you think? >> stuart the only masks that people need to wear
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trick-or-treating this year are the ones that came with their costumes. stuart: that's isn't. >> yeah. listen, if the kid will be outside, the risk of transmission outside is very low. kids have been through enough this year. let them go outside and have some fun. stuart: while we got you, i have 30 seconds left. what do you say to a mandate that kids five through 11, if it happens, a mandate that they should be vaccinated, what would you say to that mandate? >> yeah. that is a tough question. i'm kind of against the mandate. i think it should be up to parents and a conversation with pediatricians. there are definitely kids who need it. we should focus on kids with underlying conditions, who have respiratory problems and are dealing with immunosuppression. definitely get it. then i think it is more of an individual decision. i think it is tough to force it on people. stuart: dr. frank, you covered a lot of ground in there in four different questions in 3 1/2 minutes. that's pretty good. thanks for joining us, doctor. we'll see you again i hope. >> thanks so much for having me.
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have a great day. stuart: lauren, come into this. you're a mom, what about masks for halloween? lauren: god, no. i might not send my child to indoor halloween party, something like that. but outside trick-or-treating, absolutely, no problem. in big groups, no problem. south side. stuart: a related subject here. last week i took on the head of a miami school which forced vaccinated kids, i mean kids who got vaccination, they were forced to stay home for 30 days after they got the jab. watch a little bit more of it. here we go. where is the science that says a vaccinated child will infect an unvaccinated child? >> there is no science. we're doing the research as we speak. stuart: okay. that was the head of the centner academy. defending their policy. guess what in they reversed course. they say their kids can get vaccinated and do not have to stay home. dealt with that.
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stuart: overall, the markets are showing us a mixed picture. the dow is down 80. the nasdaq is up just 40 points. look at microsoft, sales force, you unitedhealth, all three of those stocks have touched highs. microsoft up an incredible 4 1/2% at $324 per share. all right. check out the s&p winners. they're headed by xilinx. ups is in there again i might add. ups has done really well. tesla, look at them go, $1060 a share. up another 4%. nasdaq winners, probably some of the same ones in the s&p, yes, they are. tesla is there. google is there doing well. look at that google is up 3%. a cop of that size gaining 3 point, whatever it is percent on a single day is a very big gain.
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let's move away from the market. look at loudon county count students who had more walkouts. there was supposed to be more walkout at other schools, but there was one you see there. christopher rufo who is very much part of the school board meeting movement. christopher, we hear what is going on in virginia but is it a national movement at this point? >> yeah i think virginia is a symbol, a microcosm what is happening all over the country. it is obviously close to our nation's capital. there is a lot of media attention. there are thousands of school districts hearing from parents who are rallying like they never rallied before. parents are really drawing a line in the sand. they are saying we want to be ultimate authority over our public institutions, over our schools, no the bureaucrats, not diversity officials, not teachers unions. what is happening in loudon
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county matters. it is important but it is absolutely symbolic of the broader movement taking over the nation. stuart: at the heart of that movement is crt, critical race theory. that has got people fired up s that it? >> that's right. we have school districts, again across the country that are teaching kids they're inherently oppressive or oppressed based on their race. that they should feel guilty for collective crimes and historical injustice. really pitting parents, students against their own parents. i talked about many cases where this has happened. parents are realizing the focus in the public education system today is not on reading, writing and arithmetic. it is indoctrinating kids into radical race theory, gender theory, that transgresses violates their conscience and they're fighting back. stuart: a minnesota school board says public comments will be only allowed if people give the
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name and home address. i know you've seen it before, chris. but our viewers haven't. >> each speaker is asked to state his or her name and address for the record. failure to do so will result in the individual not being allowed to speak. >> my name is john wickham. live in cato. can i get your address? >> i rather not. >> you can't speak. >> i get so much property damage and eggs and everything else from fun people and their friends. happening on the school board. >> john, need to give your address. stuart: why are they doing this, chris? why are they forcing people to give a home address? >> it is very simple. they feel threatened by parent who want to reassert their authority. they're using more heavy-handed tactics. the fbi and doj investigating parent protesters as domestic terrorists absurdly. local school boards are resorting to what i think are tyrannical tactics. forcing people to publicly state their address, exposing them to
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harrassment and property damage. they're working together with left-wing activists in their communities to put pressure on every day parents to tell them to sit down and shut up. we're in control of the institutions. i just hope that the american people are strong enough and resilient enough and determined enough that they can fight back, they can draw a line in the sand. to say we still have the spirit of self-government that drives this country and we're taking the school boards back. stuart: chris i have to say this issue has enough legs to carry it through to be a big issue in 2022. i certainly hope it is. chris rufo, thanks for being here, sir. i know we'll see you again. >> thank you. stuart: we've discussed the miami private school, centner academy, which told vaccinated students they need to stay home 30 days after receiving a jab. they scrapped the policy. lauren: the department of education sent them a letter to withhold state funding, scholarship funding if they pursued this policy you were questioning. stuart: where is the science
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that says a vaccinated child will infact an unvaccinated child? >> this is part of the research. science hasn't been concluded either way. there is no science. we're doing the research as we speak. lauren: the problem is a lot of people are pro freedom when it comes to vaccination. center in academy seems more anti-vaccination or pro freedom or even pro science by their decision. they had a rule? place in the spring if you were vaccinated as a teacher you couldn't work there. stuart: they did. we put them on the show at that point as well. thanks very much, lauren. quick check of the big board. we're still down not that much. down 75 points. look at that level, 35,681. microsoft, got to check this thing out. i'm grinding my own axe here. i own some of it. that thing is up strong, up 14 bucks. 324, brand new all-time high for microsoft. the 10-year treasury yield still
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well below 1.6%. you're at 1.56 at the moment. the price of gold hovering around 1800 bucks an ounce. 1794 to be precise. a lot of selling in cryptos today including in bitcoin which is at 59,400. so it is below 60,000 bucks. oil, 81, 82, $83 a barrel, down a little bit. nat-gas, where is that? almost, that's important, almost back to $6 per million british thermal units as the measurement is. that's interesting for energy price inflation. the average price of a gallon of gas, holding steady for a day, 3.39 is your national, is your national average. that's right. still ahead, martha maccallum, florida congressman byron donalds, indiana senator mike braun, texas congressman lance gooden. if all else fails blame president trump. we have♪ a report on that for yu
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♪ ♪ ♪ deposit, plan and pay with easy tools from chase. simplicity feels good. chase. make more of what's yours. big tech has been leading the market since 2009 and they will continue. investors are willing to pay up for these earnings. they have the product that consumers want as long as they are not regulated which is a worry, tech will continue to lead the market a lot harder. >> investors need to take
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profits at the end of this year because next year it will look different. don't be greedy. >> companies are passing through, with price increases, we will see how long that can last. we haven't seen a high yet. >> a new tax code works for all new jerseyans. we need to teach critical life skills in public schools and not critical race theory and not infringe on parental rights. >> our little kids being indoctrinated pre-age 3 and up, we need to stop it now. stuart: good feeling. it is 11:00 eastern time. it is wednesday october 20 seventh and you are looking at the empire state building, now look at the markets turning south for the dow, up by 88
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points. microsoft is a down stock. it is way up. microsoft is contributing 90 points to the dow. if it wasn't for microsoft the dow will be down 200 points and not 94. show me tesla. it is worth $1 trillion, now it is up another 4.5% at $1,065. i haven't done the math but i'm pretty sure elon musk is worth well above $300 billion. bitcoin and all the cryptos taking it on the chin. bitcoin below 60,$000. the 10 year treasury yield also down one.56%. now this. when all else fails go back to attacking trump. he stumped for democrat terry mcauliffe in the virginia governor's race, brought up donald trump's name 24 times. it is clear what he is doing. he's desperate to keep the
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votes of the suburbanites who put him in the white house in the first place. he believes attacking trump will put mcauliffe in the governor's mentioned that he's feeling on inflation, supply chain, border, crime so why not go back to the old standby, run against trump. if they lose virginia they likely lose the house and senate next year and that means a totally lame-duck president for his remaining years in office, you can kiss goodbye to the socialist dream. as the president was supporting mcauliffe the washington post of all people was hammering mcauliffe. he claimed over 1100 children had been hospitalized with covid in early october. he used that number to back up demand for mandated vaccines but it wasn't 1100. it was 35 confirmed hospitalizations. the washington post gave four pinocchios, as close as it gets
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to calling him a liar. it is rare to see a party which won the presidency less then a year ago collapsed into such chaotic failure. third hour of "varney and company" moves on. maybe i was coming on a little strong. let's see what martha maccallum thinks, quite chaotic collapse into failure. am i going too far? >> here's my take on this. in virginia, they felt they wanted a calm, more peaceful choice for the president. they were over twitter, over chaos, they wanted a step back and were looking for something sort of peaceful and quiet. that is what they thought they were going to get an they are
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waking up saying they don't feel they have that sort of steady hand on the tiller. they feel this stuff going nuts at the border with inflation and parents at school board meetings and they say i am not comfortable with that. the truth is most americans are in the middle. the biggest movement we've seen with president biden is with independent voters, 27 point drop since he became president. these are the people who are most interesting to watch and this is who we will see in virginia watching this turn out. virginia is very blue. even if it is a close race it will be one that is very newsworthy to watch the movements we have seen here but the setting to joe manchin, we are already failing with social security and other government programs running out of money so he said i'm not super anxious to commit to another
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one.7 and more spending programs we know we can't fulfill. he is like i have 3 grandchildren and this is on their backs. no matter what side of the political spectrum you are on most people say common sense. people don't see a lot of common sense out there right now and that is what they are craving. stuart: a diplomat a come back to my suggestion i had gone too far. let's get your opinion on this. part of the president's plan for gender equity would eliminate cash bail. there is not a good history of removing cash bail in new york city. we live under constant threat because of it. >> here's what happens under bail. you have 37% rate of repeat crimes. 37% rate of repeat, people don't show up for their court
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dates. you have to look at the facts of how these programs work. does it make the city safer? it is safe to talk about gender equities, there's a burden on families, people go to jail, that is a reality but what do you have the luxury to handle, you have a 30% increase in homicide rates. that is enormous, scary, dangerous and people feel it. they don't want more people on the streets who will commit more crime because it doesn't make sense. it is not practical. stuart: this is where the middle ground is in the middle ground is being violated constantly. didn't realize it was that big. we start with martha maccallum on fox news and 3:00 pm eastern. check those markets, dow is up
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87, there's a 70 point gain. i want to talk tesla. they are worth $1 trillion, musk is worth 300 billion and the stock is up 5% today. are you by any teslas at these lofty levels? >> know. for us it is too expensive. it was too expensive 20% ago. we are a garp shop, it isn't extremely reasonable with tesla. i would drive one of their cars. i love their cars and politics aside, this is the future of our country and tesla has the first move, their vehicles are ahead of the competition but we are talking with a company that has a $1 trillion valuation which is insane. other automakers are gunning for them. the competition after vehicles may not be there just yet no
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doubt the other automakers will pick up market share and it is more difficult to stay on top once you are there and that is the issue right now with tesla. how long can they stay? >> how about billionaires tax i feel strongly about it. what do you think about it? >> it is a big lie the dems are telling the american people and hoping middle america is dumb enough to take it at face value without digging deeper and doing their homework but it reeks of desperation. they want to fund the green new deal package and can you imagine us running our household like this, i stood by a brand-new tesla but can't afford it so i will rob peter to pay paul. people don't manage their houses like that.
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stuart: on the outside, i am looking at this mad scramble to get a deal, any kind of deal, some kind of deal, get it on the books so the president can go to europe. that brings us into disrepute all the time. people are going to laugh at it. >> as i said, as you look at how the government spends and manages their finances the easiest way for the american people to think about whether or not it is egregious spending is would you do it in your own house? the answer is going to be know. this whole billionaire tax, capital gains on publicly traded assets on billionaires but that will affect everyone. imagine elon musk, if he were to sell, to pay the billionaire tax. that will hurt everybody. there are so many extenuating
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consequences to this -- stuart: on the same page, we are that close. come again soon. always a pleasure. now we are going to cover microsoft. i own a thin sliver of it. microsoft watched by lauren. >> can't believe they had $324. revenue, fastest rate of growth since 2014 for the first time their earnings topped $20 billion. if you look at the hardware unit were x box sales are, despite supply chain issues, that unit sale is up 166%. those who are a cloud strong, the shift to the cloud is just beginning to take the next stage of growth. in the early innings, they can keep running.
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stuart: what about twitter? lauren: the lowest level since april, twitter is investing as a result. from brokerages, prosecuting price targets today. it is too saturated. stuart: they banned the president of the united states forever, don't think they should ever do that but i will move on. what is the story? stock is a sharp drop. lauren: this is about guidance. investors don't like it and don't like what visa had to say about travel demand. especially next month when restrictions, doesn't look like the payment processor. all the spending, what visa is expecting. stuart: a big ouch, 5%. jaguar supply electric cars for
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the un climate that is climate summit in glascow but there are not enough charging stations to keep them running. low income residents in seattle can collect thousands of dollars from what was the covid relief fund, and you don't need to be a citizen. it is an income support scheme financed by covid. unvaccinated police officers welcome in florida. governor desantis want to pay them a big bonus to relocate. florida congressman byron donald takes that on next.
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nation in job growth. 43% of all the new jobs created all across the country. byron donald does joins me now. what is your state doing so right. >> we don't do stupid things with public policy. we let them thrive, don't tax them to death. we want everybody to be successful. we have proven it in florida. that is why ron desantis is america's governor. stuart: will he be a candidate in the 2024 election? >> i will stay out of that, that is above my pay grade. stuart: you are a real smart guy. we have seen many parents speaking out against critical
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race.. it is taking center stage in virginia and new jersey as well. do you think education and crt will be the top issue as we go into the elections next year 2022? >> not a top one, but it is a key one because it speaks to the heart of the progressive agenda. they don't want to control economic policy, they want to control all policy. they want to divide our kids. if you put people in groups it is easier to point fingers as opposed to treating people as individuals. it will be an issue index year's election. stuart: as a black elected official in the united states what do you think of crt? >> don't think we need it. shouldn't have to coach kids, we should teach children to be equals, teaching about our full history and providing them institutional intellectual knowledge to take over the leadership roles in our country
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and economy going forward. stuart: is the black community split on this? what proportion of black folks think teach that and others say it is not. what is the split? >> i'm not sure but people know what is in it, they don't like it because they want their kids to be equals not separated even in bias or whatever the case may be. these little catchphrases, digging into the details, the devil is in the details is a split in the black community. not clear how big this is. stuart: governor desantis is recruiting police officers who are at risk of losing their jobs over the vaccine mandate. he's offering $5,000 as a cash bonus. what do you think of mandates? >> it doesn't make any sense. adults know what they are doing. trust them with their bodies.
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allow them to make decisions for themselves and it comes to vaccines. of other governors want to do that, officers who served with honor and distention we would love to have you in florida. i support this 100%. stuart: must be something the water in florida that lets you speak so much truth so eloquently and so quickly. one more issue to raise. i understand you ran off the court at a basketball game last night to get to an interview with tucker carlson. you were still in your shorts when you did the interview. did you at least win the game? >> we lost the game but you've got to walk and chew gum at the same time. stuart: you will be in new york or i will be in florida and we are going to get together, i will buy you lunch and i've never done that was almost anybody.
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>> i like good food at lunch time. stuart: mcdonald's would be just fine but if you are not up for it, congressman, you are right and appreciate you being on the show. back to the markets, dow is down 70, nasdaq up 70, s&p is up 2. there is a new project that calculates the environmental impact of your groceries. how is that going to work? >> it calculates their environmental impact from releasing emissions, methane, you say methane, emissions, fertilizers, the shipping and the label, 27 brands, i will give you an example. this is what investors want, a prepackaged cheese sandwich, that is the same as driving to
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add a half miles in a gas powered car. stuart: they can measure it. you think it makes people paint their decisions at the grocery store. stuart: when they put the calorie count on the menu board at a restaurant i moved down the calorie counts. i might do this. lauren: this will impact your decision. lauren: there is no harm, give consumers more information about subject they are interested in. i see no harm at all. lauren: completely not expecting that. jaguar land rover, electric cars shall world leaders around the glascow climate summit but don't have enough charters. neil: is the point. they want to highlight how the world isn't on track to cut greenhouse gas emissions as fast as they want. since they don't have enough charging stations for the 240 easys they use generators fueled by hydrogen cooking oil.
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that is creative. lauren: i will give them that. stuart: queen elizabeth ii is not going. >> he is 95. she was told by her doctors to rest. 95 and told you better rest. she's delivering a video message to the climate summit. stuart: i believe prince william and prince charles are going. that is interesting because we'lls are not supposed to be in politics. they are supposed to stay out of politics completely but going to glasgow climate summit is involvement in politics because climate is a political issue. lauren: also a societal issue, social good. the queen has been very pro-cleaning up the environment. lauren: charles is a greeny, that is - you wouldn't expect that but he was on dangerous ground. i'm a royalist at least i was.
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thousands, getting serious here, thousands of migrants are marching closer to the southern border. griff jenkins is traveling with that caravan joining us shortly. 200 responders take off duty for refusing the vaccine mandate in seattle. my next guest is jason rants, that city cannot afford to lose any more cops period. ♪♪ as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary,
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♪ ♪ ♪ ♪ stuart: i remember this so well, 1960s. you are looking at sixth avenue, new york, doesn't look busy for 11:30 on wednesday morning. still not fully back to work. looking at the markets, dow, over 100 points, lawrence looking at retailers. >> reporter: let's start with walmart, nordstrom, kohl's, target moving to the downside but we just got a forecast. they see holiday sales
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increasing from last year between 8 and a half and 10.5%. that speaks to the strength of the consumer and they will pay close to full price because we supply chain issues and the hiring, 650,000 seasonal workers. there is a job for you. stuart: a 10% increase in christmas sales compared to last year very strong if it works out. hilton. are they moving up? lauren: they hit an all-time high better than expected, the traveling leader segments continue to improve and there are beneficiaries. lauren: they guide me around the world with their maps and all. what is the problem? lauren: the problem is the hardware they sold, the numbers were not big enough. what they forecast going forward was much better. i'm trying to figure out why it is down so much. stuart: i never worked out how
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they make money. how do they make money? never paid a dime in my life, i use it almost every day. lauren: advertises with the car companies, they did well with aviation and marine device sales and that goes beyond auto. stuart: look at this headline, seattle police can't find enough staff, jason rants wrote that and joins me now. how many police officers are they short? >> 500 to 600 officers. as a result of vaccine mandate they took a deep arm of the lost 335 since last year and we are a little over 100 cops placed on this unavailable list as they wait to see if there are accommodations, rejections will be overturned. what this has caused is every
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single ship in every precinct in seattle is borrowing officers from non-patrol unit so they have enough cops to respond to 9/11 calls. a perfect example how dire this is. the third watch in the west precinct overseas downtown seattle and one neighborhood with the most shootings and stabbings and homelessness. they are shortstaffed the entire month of november as of right now and the consequences as you pull detectives and police and a mystic violence unit or community outreach to do that they are not doing their normal jobs. detective working on a case to solve a murder, that criminal is still out there because that detective is being pulled. stuart: isn't anybody in authority in seattle talking about backing away from this mandate the cops have to get the jab? you can back away from it if you have this chronic shortage. >> they could back away but not as a politician has said anything. they are not commenting on
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this, pretending it doesn't exist and a media that is equal partner disinterested in the story and ignorant to how staffing of the police department works but here is the worst part of it. tuesday's election could see the candidate who supported defunding the police become mayor, two police abolitionists a one of which who could get on to the council any other the seattle city attorney who thousand not to prosecute misdemeanor crimes. we are trending in the wrong direction in the city unless the voters wake up on tuesday. lauren: will the voters wake up? things -- you don't think so. you think these folks will take over. >> it will be a mixed bag. he will get the police abolitionists on the council. i'm worried about the seattle city attorneys because their 60% according to the polls that have not made up their minds who to vote for which for me tells me they are not paying attention. you can't see a police abolitionists candidate and say
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i am going to vote. you like him or you don't and at the end of the day it might be the activists who create this next council and mayor and city attorney and that is the problem. stuart: two quick stories for you. low income residents in seattle could receive $3,000. that is money taken from covid relief payments and given to them as a form of income support. los angeles is starting a guaranteed income program. families can collect $1,000 a month there. why should people go back to work with always free money? >> that is exactly it. they don't want these folks to go back to work, no strings attached to the dollars we are talking about. includes people living in this country illegally and on the one hand you have some politicians saying covid put these people out of work so we have to help them. with respect, your covid policies put them out of work and right now you are
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continuing this trend. you have moratoriums on evictions which means people aren't paying their rent so they don't have the incentive to get a job. in seattle washington state, new jobs crumble. 47% month over month and at a time you have a bunch of people saying we need people to sign up, amazon, the retailers doing the same thing, you have to incentivize people, if you give money no strings attached, no incentive. not a genius to come up with that. that is basic function, you have guaranteed income that keeps me comfortable. what do they need to do to advance their lifestyle? you've done it for them.
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stuart: how does seattle allow itself to get into this situation? >> it is run by dracula. stuart: by who? >> ideologues blinded by their political beliefs. they are not paying attention. this isn't intended. stuart: i don't understand so mini people prepared for the for that kind of chaos. we will talk to you soon. indiana is trying to recruit unvaccinated chicago police officers. did anybody make the move? i will ask senator mike brown. even democrats aren't tied to the billionaire tax. it would pay for a small part of their massive spending plan. we have a report on that from capitol hill next. ♪♪
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each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance. but, they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospital stays, doctor office visits and your original medicare deductibles are covered. and of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2020 humana medicare advantage prescription drug plan members saved an estimated $8,400 on average on their prescription costs. most humana medicare advantage plans include a silversneakers fitness program at no extra cost. dental, vision and hearing coverage is included with most humana medicare
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advantage plans and, you get telehealth coverage with a $0 copay. you get all this for as low as a $0 monthly plan premium in many areas. and your doctor and hospital may already be a part of humana's large network. if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare.
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stuart: some democrats want the wealthiest americans to fund the president's massive spending bill. hillary vaughan on capitol hill, targeting 700 people. that is it? >> the top 700 wealthiest billionaires in the us is the billionaire tax senator ron wyden is supposing to pay for president biden's social spending package. they estimate more than $100 million in annual income or anyone with more than $1 billion in assets, this proposal is hitting a snag because senator joe manchin does not like the billionaire tax with the connotation that comes with targeting wealthy
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people so he's not on board. senator elizabeth morton is currently trying to convince manchin to get on board, this is the key alternative, traditional methods of raising tax revenue like corporate tax hike. the other proposal is a corporate minimum tax that would essentially guarantee, we will raise between 300, and $400 billion. republicans are not on board with this. congressman kevin brady said this about the idea. we should not be punishing american businesses that suffer during the pandemic. another day another unproven confusing tax proposal from democrats to fund their special handouts to the wealthy.
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house democrats in the senate not convinced this billionaire tax, unrealized vein is not going to be able to be implemented to scoop up billions of tax revenue they are claiming will pay for this plan. stuart: me too. great report. let's bring in senator mike braun, republican from indiana. you are shaking your head just like me. this is a trick, the left knows they won't realize much money from billionaires but don't care. they want to get something on the books, get a deal done to keep it forever. are you with me? >> you and i should start the top 10 dumbest things you come up with here. that would be close to the top especially on top of what we've gone through. they put out 10 ways to raise revenues. we have record revenues.
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even more so in 2020. it is not a revenue issue, regardless of the tax rate, you look historically back 50 years, we average 17.5% to 18% gdp. the higher the rates are the lower the economic growth and the lower the rates are, if you find the sweet spot that was the pre-covid economy, tax cutting jobs act. i have never seen a party try to undo something that wasn't broken and this would be on that top 10 list. forcing vaccinations or you get fired, that polls at 14%. we will get through this but main street america where i come from, we just got in my hometown a report we are down to 2.3% unemployment. we don't need more government. we need to get it out of the way. we need to talk about balanced-budget amendments a
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the size of the federal government to the percentage of gdp that revenues normally come in at, that is what we need to talk about as opposed to how to fund a runaway government. stuart: it is unseemly to see this last-minute scramble with these harebrained ideas checked into the pot. people are laughing at us. let me move on to something, you invited chicago police officers to come to work in indiana who quit over the mandate, no jab requires. any takers? >> just got an update, last time we spoke i live five ourselves of chicago, had somebody inquire downstate. our office in indianapolis has had a lot of inquiries and in touching base with the police department in the region yes and before illinois and a lot of other issues that might want you to consider moving to a
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land that is a little less regulated, lower cost of living, the amount of activity, police, other folks subject to those draconian policies that role like the federal government. i thought it was smart to say come on down. when you try to equate someone leaving a job where we've been paying them to stay put but the fact that you have chosen not to get vaccinated. i have been clear on that. do it unless you have a good reason not to. no mandates, nobody should be forced between decided to get vaccinated and losing their job and federal employees are raising a ruckus too and that is right around the corner to make the decision. stuart: straight to the point. republican indiana, thanks for being here, see you again soon.
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let's get to when i say massive migrant caravan it is on the move. who is paying to organize that? griff jenkins is traveling with the caravan it has the answer after this. ♪♪ to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. it started with an idea... and became a new tradition.
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stuart: right now a caravan - hold on a second. i was going to take you live to that caravan which is marching right now towards our southern border and is expected to be here in two weeks. this is a story the media is not covering at all. the morning shows on abc, nbc, cbs, msnbc spent no time at all covering a huge story on mondays this week, they won't cover it. republican from texas joins me now. it is a huge story and it is being ignored. how do we get the word out that this is a genuine crisis? >> it is important for voters, constituents of members of congress need to call and
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demand representatives in washington do something about this, not just talk about it but take action. the biden administration has refused to answer any of our request to declare a crisis in the fake news media is aiding and abetting, dereliction of duty and a real shame. my constituents are angry but good people like yourself are continuing to shine a light and thank you for. stuart: why to the people of texas and arizona have to keep paying for president biden's mistakes. can't you do anything about this? >> we have demanded so much along with many members of my texas delegation on president biden to declare a national emergency. i can't get anyone on the democratic side to admit we have a crisis at the border. last thing we want to do is acknowledge a caravan. stuart: talking about the democrat side. i have a story about a local election in san antonio, texas
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which is gaining national attention. a quote from the new york times, the contest to fill a vacant statehouse seat has exposed the vulnerabilities of a democratic stronghold. the bottom line is that stronghold could go to the republicans. i presume it is because of the board because it is right on the border. >> we are seeing huge republican gains in the last election for donald trump in the southern border of texas, democrats waking up to the reality that just because you are hispanic doesn't mean you're a democrat voter. we are seeing those voters set up on the border because of open border policy. hospitals are full and seeing open border policy fighting violence and crime into a nation they have come to love and realizing the republican party is not the bogeyman, democrats made them out to be over the years. stuart: if i were to come to south texas and drive around, a
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couple small towns, would i see illegals walking around, what i see these folks? >> you would if you want to the hospital, you would have trouble getting care. if you want to the airport late at night you would see planes being loaded up with illegal aliens being shipped to god knows where. we are seeing this happening in border communities and large airports across the southern borders and city like monroe, louisiana, received an incoming aircraft full of illegal immigrants and this is standard in small cities across the united states. it is a shame the biden that ministration doesn't want the american people focused on this and is not proud of this or they would do it in broad daylight. stuart: speculate with me for a moment. that caravan gets to the border in a couple weeks. what happens? do they come in and are dispersed around the country? >> that happens based on what has been happening. unless there is meaningful
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action or people show their outrage and contact members of congress and my fellow colleagues in washington will stand up and do something we are going to see this deterioration along the border and i don't believe anything will be done and it is a shame it is despicable. stuart: thank you for being here. come back, we want to know what is going on. the wednesday trivia question. i was looking at this and don't know the answer. which president served two nonconsecutive terms. answer when we come back. is w. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living. principal. for all it's worth.
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stuart: we asked the question, which president served two non-consecutive terms? all right you have a list there, lauren. want to take a list? >> i know andrew jackson was 7th president of the united states. i will go with him. stuart: i will guess with william taft. >> you changed. stuart: yes i did. i was told andrew jackson was not the right pick. we're all wrong. it is grover cleveland. he was both the 22nd and 24th president of the united states serve from the 1885 to 1889 and 1893 to 1897. he was only the president to serve two non-consecutive terms. lost to benjamin harrison. wentnew york city to practice
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law and ran again benjamin harrison and won in a landslide. you learn a lot on the show. leave time for microsoft, forgive me. i'm grinding my axe. microsoft at 322 all-time high. it actually hit a 324. tesla powering ahead some more, up 3%. musk is now worth about $300 million, more than all but 21 of the s&p 500 companies. how about that? neil. it's yours. neil: he is already sounding off on that, elon musk, the billionaires tax. he is not a fan of it. stuart: good. neil: rationale different from what you hear from others. stuart, thank you very much. footnote, stuart, on grover cleveland. he has the rap for being the heaviest, fattest president we ever had. william how hard taft gets rap. it is actually grover cleveland by second term, it was separate non-concurrent term was
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