tv Varney Company FOX Business January 7, 2022 9:00am-12:00pm EST
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skilled wages going up this is your moment if you've been thinking about getting back into the workforce. dagen: i will as my father would ask me when i call on sunday why aren't you at work every day, i am like because sunday, thank you so much, everybody, i'll have stuart: i will. good morning, everyone. the jobs report an indicator how the economy is coming back from the pandemic. bear in mind these late numbers come from mid december before omicron surged. 199,000 new jobs created in december. that is a big miss. 3.9% is the unemployment rate, good news indeed. the next time we see these numbers they will reflect the
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omicron surgeons may sure mo weakness. the market is selling off, not huge but there is some selling going on. the dow industrials and s&p down slightly but the nasdaq is going down all over again. this is why interest rates, the yield on the 10 year treasury moving up, we have one.76% in a 10 year treasury. technology stocks always lose ground when interest rates rise. bitcoin, 41,$000 a coin, that is a low of the last 2 or 3 months, bitcoin stocks, nasdaq, composite, tech down. covid news, we may be at a turning point how we deal with this was a group of the president's former medical advisors, prominent medical
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people calling for change of policy, stop trying to eradicate it, learn to live with it. they want some big policy changes. today the supreme court considers biden's vaccination mandate, if those mandates are struck down or suspended that would be a turning point, a major shift. heads up, there's a new variant called ih you that has appeared in france. the alarm bells are not yet ringing. vice president harris getting sharp criticism. in a speech she compare the mohammad omar baradar riots the pearl harbor and 9/11. novak djokovicz is still industrial, he was detained at the melbourne airport and taken to a quarantine hotel where he still is, there are two guards outside his door. january 7th, 2022, "varney and company" is about to begin. ♪♪
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stuart: good morning. let me see you, all gathered together on a friday morning. we've got the jobs report. you've got to break it down. lauren: a lot of numbers, it is confusing when you are trying to get to the true state of the economy. 199,000 jobs added. that was a disappointment, but look at the unemployment rate, that felt a 3.9%. here is your perspective. we were at 3.5% coming into the pandemic in february of 2020. 6.3 million americans are still unemployed as companies are paying them more. look at wages, they are at 4.7% on the year. that is inflation. leisure and hospitality at the most jobs, 53,000, bars and
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restaurants, 43,000, transportation 19,000 but this report was right before the omicron surged and still recorded 3.1 million people unable to work because their employer closed or downsized. bottom line, what message does this send to the fed? do they need more data as in what happens after the omicron surged? lauren: let's bring in our market watcher this friday morning and relate jobs news to the market. that was a big miss. only 199,000 and i see the nasdaq down 50 points and the yield on the 10 year treasury going to 176. what -- not a great reaction. >> it is not an unexpected reaction. there are two things going on. one is the report on wednesday double the jobs creation number which gave everyone the sense that today's numbers would be
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sung and this is a disappointment that will take a lot more kind of uncovering to see what went wrong but wages are up more than the expectation. talk about the wage price spiral, when wages went up, to be able to afford the food they had to buy, they got that and they raise the price of food to pay for the wages so you run into a wage price spiral which is something you have to start to talk about which means the fed will have to stay on target with their triple threat which is rates and the balance sheet reduction. stuart: the big deal as far as the stock market is the rise of the 10 year treasury yield. it sounds technical but it is down 176. that is the major factor upsetting especially the nasdaq. >> absolutely right. no one should suspect yields will go down. yields will go up and we can
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talk about this for a while so everyone should expect the market has to reprice, takes on these rising yields. in the past that yields go up will dictate what the reaction in the market is. we suddenly see it go from one.7, 22%, very quickly, watch what happens. stuart: thanks for joining us. have a great weekend, see you later. james bolin is defending rate hikes. what is he saying? lauren: three hikes likely this year and the first one is coming in march. he argues the fed's credibility is on the line because they need to fight inflation. he sees inflation at 3% by the end of the year. takeoff start in march, this is the conundrum for the fed. they have one meeting to communicate that. january 20 sixth and 20 seventh about again until march 16th and seventeenth. that will be a key for fed communication.
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stuart: he says three rate hikes this year, three. that is the big number. president biden will deliver remarks on the jobs report at 10:45 eastern this morning. governor huckabee, former governor of arkansas joins us now. how is the president going to spin these week job numbers? >> i have come to realize president biden is like clark griswold in the vacation series. he will always take his family to some wonderful place but he ends up in east st. louis getting his hubcaps stolen. here's a jobs report that is half of what it should be, he is dealing with an economy that is totally falling apart and i guarantee you he is going to come out and basically mimic ethel merman singing everything is coming up roses, he will tell us how great it is, how wonderful the job he's doing and people are beginning, even the people who support him scratch their heads and say i
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know you are reading what you were handed but surely you can perceive this is just not so. stuart: let me move on, you had your fun with this. the president was challenged on his comments about donald trump. >> is calling him out -- >> president biden: to heal you have to realize the extent of the wounds. you can't pretend. you've got to face it. that is what great nations do, face the truth. deal with it. and move on. stuart: do you think the president is going to move on? i think he's going to try to milk the january 6th events for the rest of this year. >> they can't talk about the economy, the border, the afghanistan withdrawal, energy, inflation, they can't talk about jobs, they can't talk about what a wonderful way they shut down the virus they promised to do. make sure everybody who was
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vaccinated was immune from it. the biden has continued to say things that aren't true, that the pandemic is the pandemic of the unvaccinated, no it isn't. many of my friends who have gotten covid are fully vaccinated and boosted. i don't know what else he has got. it is a tough spot for him. this notion that there was an insurrection, how come no one was charged with the crime of insurrection. it is in that little code. memo to ted cruz, it wasn't terrorism either, nobody was charged with that. stuart: thanks for being with us. we will see you again a lot soon. vice president harris slammed for the way she described the capitol hill riot. come back in, take us through this. what did she say? lauren: the vice president said it is one of three dark days in america. >> reporter: certain dates echo throughout history, dates that occupy not only a place on our
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calendar but a place in our collective memory. december 7th, 1941. september 11th, 2001. and january 6th, 2021. lauren: 2400 americans died in pearl harbor, 2900 in 9/11 and one on january 6th. that is why some are calling that an unhinged comparison among other things. stuart: i describe it the same way. back to futures, that sounds wrong, thou is down 20 points, nasdaq down 40 when the market opens in 20 minutes. red ink this friday. labor secretary marty walsh coming up on the show very shortly because of the jobs report this morning, have to work out what he thinks about what is a very weak jobs report. let's see what he's got to say later.
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hosts of the view put up an all-out defense of chicago's teachers who refuse to go back to in person learning. role it. >> the notion that teachers should just suck it up and go to work, i think it is ridiculous. this is a petri dish they are being told to walk into every day. stuart: the science says schools are safe. the chief executive at moderna says people need to get a fourth covid shot. does that sound like shots forever? doctor marty macare he takes it next. ♪♪ get me with your best shot ♪♪ hit me with your best shot ♪♪ fire away ♪♪
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stuart: 15 minutes to "the opening bell". modest amount of red ink, to our 50, nasdaq up 20. the yield on the 10 year treasury is at one.75%. that the problem for big tech. we do have the bull going up. a few minutes ago, the yield on the treasury at 176, all big tech stocks were done, it is 175 and big tech is up. we will sort it up i promise. moderna's chief says people may need a fourth covid shot. doctor marty macarrie joins us now. looks like constant shots are in store for us. is that an effective public health program? >> the who put a strong
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statement against universal boosting type programs like the ones we have in the united states. not only is there a global social equity issue but also how long are you going to boost somebody? will you boost somebody every two month for the rest of their life? there are concerns about multiple doses when the benefit starts hitting the asymptomatic leveling. there was a study out of the uk that suggests the booster efficacy declines 10 weeks down to 35% for pfizer and 45% for moderna. that is concerning because that would suggest we need to do this nonstop and there are concerns. stuart: i think the public would reject that. large numbers of people don't have a booster shot and may not get it for all kinds of reasons but i think the public would reject constant shots. >> what a lot of scientists would reject constant shots
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because what this approach is failing to do is recognize the b cell immunity and t-cell immunity. they are focused only on the antibody and if you listen to the language of doctor fauci from the beginning of the vaccine story when many of us recommend first doses to ration more vaccines and save more lives early he is fixated on the antibody levels and it is not just about antibody titers but be and t-cell immunity, a lot of people -- stuart: peak in the section appears to be close. we had 1 million infections reported monday, 780,000 yesterday. that level appears to be coming down. some people say we can see the other side of this thing. it occurs to me that would be a good time. this is a good time to pivot government policy and change the way we look at the virus. >> exactly right and as you
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know many democrat politically appointed physicians wrote in the journal of the american medical association this week they once a more reasonable policy that is more sustainable and got to learn to live with this. i encourage people not to follow the case numbers too religiously. it is not a stock price. there are probably three times or four times the number of cases for home tests, not recorded tests and not many people left who haven't had the infection. stuart: i don't know any family who doesn't have a family member who has had it or got it now. i don't know any family that doesn't have a member who is in quarantine or has been in quarantine. we are almost at the point where everybody has been exposed and most people have had it. we are almost there. >> that is how to think of it. i refer to omicron as omni cold. half or everyone you know will be getting this infection. stuart: what do you think about
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bullying the unvaccinated. >> i stay out of politics would generally speaking it is a pattern, politicians, some group to blame for their problems. right now the infection is ripping through the vaccinated population. one danish study suggests at a faster rate than among those unvaccinated because the unvaccinated may have more natural immunity. stuart: what do you make of this new variant that has popped up in france, one or 2 cases in america too? ih you, the new variant, do you know much about it yet? >> we know about a dozen people have had it. it came from africa among travelers to france from africa. there have been a lot more variants that have not made the news headlines. i'm not concerned. the la variant and some of the other variants we heard about ended up being nothing and omicron is difficult to compete with. i don't think it is going to
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turn into anything. stuart: how about flurona. what do you know about that? how do i know what i've got? flu or covid? >> we don't test for flu every year and so you may not know. we don't do flu testing. it puts our massive testing industrial complex for covid in perspective but we are concerned about the flu this year. on the positive side people are taking basic precautions. they are not showing up to the office coughing and slobbering next so somebody like we used to before covid. we have good hygiene. on the downside the vaccine does not appear to be working at all according to university michigan study. stuart: thanks for joining us, you will be on this show a lot because covid is still with us. i want more, the former top medical advisers who are now telling the president to change
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this. what changes do they want. >> and and that is reassuring for a lot of americans. the following will not be. neither inoculation nor infections provide long-term immunity and vaccine mandates. we want to see treatments, free distribution of masks to all-americans and more testing and implementation workforce. we have to learn somehow to do the same with covid 19.
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stuart: managed to find a covid tests. how much will it cost but tell me who pays. >> for insurance pays you back. if you find a typical rapid tests, they are hiring professionals to come to their homes and paying for appointments. dealing with price gouging and the insurance issues. the insurance company, to reimburse you. one final thing. they don't even have the tests yet but why not mail them to madison, why go to a website and request them, they have our addresses.
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mail americans a test. stuart: back to who pays for a moment. if you got children in school and they need a test, negative test or whatever the parents pay, right? >> as sure as we can talk to the insurance company and get that through. a lot of school districts are saying there is no testing to go back, it is hard to find and if you are doing it at home you have to prove that. what one doctor told me, page a picture of the test result next to a newspaper and it shows the date. stuart: it is a good idea. what a mess. that's all i can say. some red ink, not a lot of it. labor secretary marty welch and "the opening bell" coming up to you next.
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some red ink, nasdaq 41. 10 year treasury, the key number of the day is now one.74%. big tech earlier all of them were down. now, that is not right. look at bitcoin, that is at 41,$800. show me game stop, absolutely soaring. the getting into nfts? >> that the reason. a new revenue stream, they fired 20 people to run the new marketplace later this year. this makes sense because if you play video games, you have avatar weapons and outfits and things like that. we started not doing so well,
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700% last year but now getting into the nft and aftermarket. this is another revenue stream and investors leavitt. stuart: showing only 199,000 jobs added in december, labor secretary marty walsh joins us now. how do you respond to that? >> every month on the tv, the experts always have a bigger number and it is a solid report, if you look at 2021 as a whole president biden, 6.4 million jobs, unemployment is down 3.9%, the lowest since the beginning of the pandemic. american rescue plan is working on getting sectors back to work. we acknowledge that as we see today and talk. stuart: these numbers did not
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include the effective omicron. omicron hit after that. >> we watch it closely as we move toward that and anticipate the look on variant. we focus on continuing moving the economy moving forward and that is the president's focus and what we will focus on at the government of labor. stuart: average hourly earnings up significantly, really strong increase. people say that is inflationary. what do you say about that? >> anytime workers could get more money in their pocket that's a good thing, historically low-wage workers have seen increases as well, outpacing inflation now.
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>> wages increased 6%, that wipes out the ways gains. >> i'm talking about low-wage workers increase higher, that is the average, 4.6% is the average of all workers but the president has been focused on inflation as well, working on supply chain issues and making sure we get products on the shelves and asking companies not to pass those prices on to consumers. we are doing what we can to speed up and get more product in stores in america right now. >> do you think the big meat conglomerates are responsible for me price inflation? do think oil computers are responsible for oil present gas price inflation? is that the source of inflation in this country? >> it is production as well. there's different reasons for inflation as we are talking about right now and we're living in unprecedented times. there's a lot of work we have to do. we need to move forward
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collectively together. stuart: thank you very much for being with us this morning. we will be hearing from president biden around 10:45 eastern this morning. he's going to address the nation in a press conference talking about the new jobs report. look at the big board, we are down 95 points. there is a predominance of selling the dow 30. the tenure treasury plays, we are i.74%. we are below 1800 pounds. bitcoin dropped to 41,$000 earlier, oil, touched $80 a barrel yesterday. 7942 today. and across much of the country, natural gas up a little bit, 2% today.
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another retailer hit by inflation. >> it is inflation but also the combined of lapping fiscal stimulus and inventory bills, and their names, they don't like this retailer right now. stuart: another retailer gets hit. draft kings. put that on screen. it is that not much though. as i understand it, i will be able to place a bet on my phone, what time? >> and drafting, this is huge,
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this is for draft kings, the 18 state, and 20% in new york city place bets in new jersey, new york gets a part of that. if you want to know how much, new jersey legalized sports betting in 2018, $20 billion in wagers, $1.5 billion in revenue. stuart: let's not forget the super bowl is coming up just in time for the phone gambling to kick in big time. starbucks down another 2%. the story please. lauren: a downgraded ibc to sector performance, concerned about margins and inflationary environment and that includes the fact that starbucks does pay its workers more. stuart: our own travel experts,
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business travel is not going to get to anywhere near normal until 2023 but am i right in saying the big bank, don't know which one it is but there's a big banks saying business travel is coming back sooner than that. what's the story? lauren: bank of america like delta are giving, by rating, they like the balance sheet compared to delta's peers. they do think corporate travel is coming to back, they didn't say return to pre-pandemic levels, nonetheless they like and giving a $40 price target. when i read the headline i said wait, corporate travel is coming back this year? but not to normal levels. stuart: put me down as a skeptic about that. i'm very skeptical about travel coming back. show me the list of dow winners, the dow is down 20 points. anyone at the top of the list, verizon and walgreen boots. s&p 500 winners in the green.
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discovery is there and viacom on the list, host hotel and resort, nasdaq winners, none of the big names as per usual, honeywell up there, fox corporation again. none of the big name tech companies on the winner's list for the nasdaq. coming up on the program early tests for pfizer's vaccine in children younger than five show it may be a three dose vaccine for kids under 5. vice president harris on the wave of departures from her office. >> what would you say you've learned over this year? >> one of the things i learned is to get out of dc. stuart: that is a nervous laugh, a little uncomfortable perhaps. the launch date for donald trump's social media apps has been released. we will tell you when you can get it next.
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stuart: the dow is down 70, nasdaq up 25, the tenure treasury yields one.75% and big tech all over the place down to start with, mostly higher. microsoft, apple, up, amazon, meta-up. not much movement on google. mark myhaney has three big name tech companies that he says are going to the moon this year. you are saying it. let's start with amazon. you still think it is going to
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$4,300. make your case. >> you know i don't believe in moon shots but i like amazon, facebook and uber. i want to warn people is high multiple stocks traded off 10% plus you today. a rising rate environment is the new issue for tech investors so you want to stick with more valuation supported, go hard-core with tech stocks, uber is a great recovery outperforming the market year to date. amazon because you have a return on that. stuart: why do you think amazon is worth $4,300 worth less than $3,300 now. >> the stock has been sidetracked for over a year. concerning all the investments, this year from all the margin
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pressure last year with margins expanding and revenue growth unlocks the stock. you may see a tag list coming up where we see a prime price increase. it is a wonderful proposition to most consumers was that unlocks the stock. stuart: i noticed you think meta-facebook, will go to $430. another $100 on top of where it is. they are getting into this meta-verse. will that propel the stock up? >> probably not. one is last year they were negatively impact, they can come up with the new ad targeting a distribution model and i think they will and you will see marketers rush back to facebook so they fixed that problem. much more speculative, a discount, esd concerns. if they can address those if
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they can address those it can cause multiple to rise, those are the two fixes the can help their stock outperform this year. stuart: you look closely at individual stocks. that's what you do. can you give me the big picture? by that i mean, looks to me like we may soon be through the omicron surgeons. we might see the other side. do you factor that into your equations? >> you have to and i hope you are right and if you are right you want a reopening play. i have been pushing this for a while. hasn't worked yet but it is uber, 47 -- 40% below the free covid levels of ridesharing so if we do come back, probably won't but if it does come back and we start commuting more that's the big boost for uber. two key things tech investors need to focus on, the covid recovery and rising interest rates, some positive and negative warnings. stuart: i have seen some wall
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street forecasts that we could be through the omicron surge within two weeks. maybe that the optimistic point of view but it is surging through rapidly. >> i hope you are right. i hope we get beyond is and if we do, focus on what are the reopening plays, travel stocks, air b&b, booking and expedia and ridesharing stocks. i'm going to make the point that uber and lift are not trading as if covid -- omicron, the travel stocks are assuming that. it is easier to buy -- stuart: it would be great to see the other side. you are all right, thank you for joining us, see you again soon. i have an item here, a news item which is going to annoy bernie sanders and elizabeth warren. we now found out how much tim cook made last year. how much did he make? big bucks.
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lauren: he deserves it. he's the head of apple, $98.7 million up 500. stuart: tell that to bernie sanders or elizabeth warren, he deserves $100 million. lauren: he has committed almost all of it to charity. tell them that too. you want the breakdown? his base salary is $3 million. got 12 million for hitting specific targets, travel security and all that. $82.4 million in stock awards including the first one ever. he has been ceo for a decade, the first one, and equity award. stuart: takes delivery of that stock, personal income tax on it. that is bernie sanders and elizabeth warren looking at 50% but that's another story. let's have a look, that will get you.
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digital world acquisition down today. was it because it is a launch date. lauren: presidents' day weekend, trump's social media network. february 21st, looks a lot like twitter. when we first denounced the tie between digital world and trump's company. up to 175 at 50 something, can't complain. stuart: that is volatility. here is what is coming up. a new covid variant has arrived in america called ih you. we told you about surging car prices. if you've got a lease you can make some easy cash. jeff flock tells us how to do it.
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cars are in short supply but if your lease is up soon, could be a way to make some easy money. jeff flock has this story. take me through it. how do i make money on a lease? >> reporter: i will make it simple for you. i know you like to make money. i know you will be listening. lexus dealership in suburban philadelphia, used to be when the lease came true, probably gave it up because he wanted a new car, wasn't worth that much but look at these numbers. in 2019 back when you least it was 49 grand. it is going to be worth 28,000 when you turn in the lease.
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you turn in 28,000. if you paid 28,000 the vehicle is worth 28,000, with 45,000. if you turn around the next and sold it, you make a profit of 17,$800. easy money. if you don't want to take it to buy it and sell it yourself you could probably negotiate with a dealer to make a deal and throw you some money because he wants the vehicle to turn around and sell it. there are fewer vehicles in december, 41% this time last year leasing vehicles, 23% this time last year. the new price going through that. if you negotiate with a dealer on the lease, i'm going to say mister varney will get all of that 17,$000. stuart: i have avoided leases. >> reporter: i don't even by used cars.
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stuart: we've gone on too long with our clunker story, back to you later. the markets please all in the green, talk about a turnaround, dow up 11 and look at the nasdaq, now it is up 64 points. got to take another check of the 10 year treasury. it is a one.76%. regardless, the nasdaq has turned to the green. still ahead, moments away, tammy bruce, steve hilton, larry elder and lara trump. the 10:00 hour of varney is next. ♪♪ ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna.
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♪ ♪ stuart: good morning, everyone. it's 10:00 eastern. to the money, please. the dow absolutely dead flat, actually, down a point. in a moment it'll probably be up a point. now it's up three, you see. s&p is up 9. the nasdaq, what a turn around. now it's gone to up 77 points. have a look at the 10-year treasury, please, because that seems to dictate big tech, but not today.
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1.76%. it's moving up there, but big tech is still on the upside. strange market. bitcoin though, watch out. 41,700 per coin. that's the markets this friday morning following the jobless report. now this. almost everyone knows someone who's had covid or has it now. almost everyone knows someone who's been in quarantine or is in quarantine now. the surge is upon us, and we're all very aware of us and, yes, it's grim. but maybe, ah, just maybe we're at a turning point in how we deal with it. the president still insists we must beat it, eradicate it. but the senior health advisers on his transition team now say we have to live with it. these are prominent medical people, biden people, and they want biden's covid policy to change course. therefore -- their voice is being heard. today the supreme court takes on biden's vax mandate on big
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companies and on health care workers. it's a conservative court. it may well suspend if or strike down those mandates. it affects 80 million workers. that would be another real turning point. there's a change in the public's acceptance of cdc policies. new rules widely considered confusing, and the new york times -- of all people -- accuses dr. fauci of muddying the waters. that's a switch. it's all right two years -- for the last two years he could do no wrong. policy should reflect the new normal. stop bullying the unvaxxed. tell the teachers union, open the schools. don't fire vital workers because they're unvaxxed, and above all, stop the top-down dictates. they're not working. the second hour of "varney" is just getting started. many. ♪ ♪ stuart: look who's here, tammy
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bruce. good to see you, tammy, great stuff. now, i say we can't kill this virus. i say we've got to live with it, and i think you'll agree with that. >> i do. obviously, nature says that as well. viruses are not new, they are endemic in the world. the flu is a virus, of course. there's all kinds of things that as human beings on earth we adjust to. our systems adjust to them, and we've seen this through this trajectory of covid in particular as well now with omicron. as people are getting it, there's a realization -- i think the biggest problem, stu, has been this argument from the government that the individual can stop the virus or that government can stop a views. that has been one of -- a virus. that has been one of the most dangerous arguments because now really i think this is going to burn through everyone. people are feeling guilty or bad or shameful that they got sick, and this is not because they did something wrong. the mistake was the government telling you that you are supposed to keep this at bay.
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and that becomes pretty political -- political, it changes whether or not people feel like they should report. we don't need more depression, we don't need more fear. and so i think what people are arguing for is for the government to realize this is now out of their hands. americans know how to protect themselves, and if we get sick -- i got the virus, i'm vaccinated, i'm out of this framework -- there's now natural immunity has to be discussed. so we know that this is part of our participation in society, and i think we're now finally, because of the surge, having to deal with it. stuart: the times are a-changing. we've got to live with it, we have no choice. there you go. i'm sure you've heard this, tammy, but i'm going to play it for our audience. listen to what vice president harris said during a january 6th speech yesterday. roll tape, please. >> certain dates echo throughout history, dates that occupy not only a place on our calendars, but a place in our collective
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memories. december 7th, 1941. september 11th, 2001. and january 6th, 2021. finish. stuart: tammy, i think that did great damage to her credibility. what say you? >> it's awful, it was shameful, it was embarrassing, it was insulting. but she wasn't the only one saying it. you know, apparently the talking points memo went out, because a lot of commentators on left-wing legacy media were say saying the same thing. there's two fronts here. one is this idea that other victims, you know, that the only way to make january of -- january 6th memorable or important is to equate it to those atrocities, and that's a lie. it's almost like there's this embarrassing -- embracing of victimhood to such a degree that you can't have anybody else be more of a victim than you or that's the only thing that people will understand. and, of course, we know it's a
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lie. we know there's nest andic terrorism. -- domestic terrorism. the peep of oklahoma and the -- the people of oklahoma and the people of the united states experienced that with the murrah bombing. the families that still have an empty seat at their table after september 11th, the equation of a rue yacht -- rye9 yacht or a demonstration as most americans saw it that turned bad and got out of hand is also unsubtling. but the other -- insulting. but the other point that's even more dangerous, stu, is what they're saying that people who went to a protest are the equivalent of nazis or the equivalent of al-qaeda. and that is, i think, the political effort of the democrats here which will not bode well for them. the american people reject those equivalencies, and they're going to find out that nothing they've done -- as long as they continue to try to manipulate and try to inflate, the american people are further moving away from taking
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them seriously. stuart: tammy, good to see you back on the air. great to see you, indeed, and we'll see you soon. >> thank you, sir. stuart: president trump hit back at president biden for his january 6th speech. take us through it, lauren. what is mr. trump saying? lauren: he accused the president, president biden, of continuing to make political enemies as tammy was saying while attacking biden's accomplishments in his first year. this is what he wrote, and i'm quoting: biden, who is destroying our nation with insane policies of open borders, corrupt elections, disastrous energy policies, unconstitutional mandates and devastating school closures, used my name today to try to further divide america. this political theater is all just a distraction for the fact biden has completely and totally failed. it's been called, what we heard yesterday, biden's best and most passionate speech yet. i agree with that.
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but he spent that time and that passion attacking his former and perhaps his future opponent. wish he felt that way about running the country, that passion, about righting america right now. stuart i think that's all they've got, to beat trump up to try to get political advantage in november. i think that's all they've got at this point. lauren, thank you very much, indeed. back to the markets, look, there's not that much price movement, to be honest with you. the dow down 20, nasdaq up 12, s&p dead flat. so let's bring in ed car denny. now, ed, we've seen quite a selloff recently. i believe you think this selloff is kind of healthy. make your point. >> i do. i do. well, look, everybody agrees that participants of the stock market are very overvalued, maybe even grossly overvalued. we had a tremendous run in 2020 in cathy wood's ark portfolio which was great but then gave
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back some of those gains back year, and -- back last year and continue to. many of these stocks have a great long-term future, but in the near term they're very pricey, and we've seen a hot of these pandemic-related stocks take a hit which is actually a positive. it suggests that the market's come around to the idea that we're either going to learn to live with the pandemic as you just suggested or frankly find that it becomes kind of flu-like and just sort of an annoyance rather than the pandemic that it's been. and then, of course, the bond yields are up, that also suggests that investors are coming around to believe that the pandemic is -- we're moving away from it. stuart: wouldn't that be nice. my question to you is the fed has declared its intention, in so many words, of raising interest rates this year, maybe three times this year. how can the stock market rally in the face of inevitable interest rates hikes? >> i hope the fed does raise
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interest rates because it would be a confirmation that the economy's strong enough to withstand, what, 75 basis points on the federal funds rate? if the economy can't take that, we're really in trouble. and we need it anyway, stu, to create some moderation on the inflation side. on the inflation side, i do see some hope that as the pandemic abates that we're starting to see the supply chain disruptions start to ease off as well. there's some indicators along those lines. so, you know, wouldn't you know it just as the fed became very hawkish, it may very well turn out that they're a little too hawkish about the outlook. but nevertheless, i think it'll be a good thing to have the fed funds rate at 75 basis points by the end of the yield -- of the year. it's a plus. stuart: we may not make the huge gains that we made last year, but we're not going to lose our shirts, and we may still go up 8-10% on the year, is that where
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you're coming from? >> well, yeah. i think it's becoming more of a stock picker's market, but i think the growth versus value area, i think with rising bond yields financials do very well, and they're kind of viewed as value stocks. i think energy stocks are going to do pretty well, and some of these technology stocks that actually have earnings that are growing that are getting whacked here, this is a buying opportunity. stuart: you're very good at relaxing nervous investors, ed yardeni. i think you should make a profession out of it, which you have. >> 40 plus years. [laughter] stuart: me too, actually. we're vintage, i like to say. >> vintage, absolutely. stuart: okay. don't retire. see you later, ed. [laughter] >> thank you. stuart: lauren, come back in again, please. i see discovery moving up big, 13%. the story, please. lauren: i'm on 20 years, by the way, so i'm getting up there. it's number one on the s&p 500. upgrading them to a buy --
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stuart: charles. [laughter] lauren: they like the her merger with warner media and the potential that it could be the most dynamic global media company with cost savings too, that's a quote. roku is moving in the opposite direction. two reasons for that, there's a report that their market share's going to top out in 2025 and also the general manager of the platform business, scott rosenberg, he's out in the spring of this year. and finally, amc, they're going to accept dogecoin in march,s that's in addition to etherium, bitcoin and some others. so you have, like gamestop, another meme stock branching out. so they're not just selling movie tickets, they're doing the crypto thing and also delivering popcorn. i didn't know that. they have a plan to get popcorn in the food store and also direct to consumers. stuart: $23 a share, up 3%. amazing. let's have a hook at this, general motors.
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officially revealed the chevy civilled rad doe electric pickup truck. this is in the vegas ces showment are they getting any reservations -- reservations? >> yeah, they sold out completely, an undisclosed number, in 12 minutes. there's huge demand. doubling production of the f-150, ford. so here are the specs. it starts at about $40,000, goes all the way up to $107,000. a 400-mile range, and help me with this one, stuart, a 10,000-pound tow rate. i'm assuming that's a lot. stuart: that is a lot. yes, it is. but you know about welcome trick vehicles? getting stuck in a snowstorm. happened on i-95 yesterday. if you've got an electric car, your battery runs down real fast in the cold, and that's a problem. lauren: gas engines give you security, i agree. stuart: thank you, lauren. vice president harris was asked about the mass exodus in her office as more staffers quit.
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watch this. >> there have been a rash of stories about dissension inside your office, inside the who is. the white house, questions about your role. what would you say you've learned over this year? >> well, one of the things i've learned is to get out of d.c. [laughter] stuart: there goes that laugh again. steve hilton will comment at the very least in our next hour. senator ted cruz says school boards have no right to force your child to get the jab, and now he's taking that fight to d.c. we've got the story. criminals continue to show up in large numbers along our southern border. bill melugin has a report from there right after this. ♪ muck ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further.
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♪ here i am, rock you like a hurricane ♪♪ stuart: ocean city, new jersey. snow blanketing that area, indeed, the whole state. it's 31 degrees there, so that snow's sticking around a while. as for the markets, we just don't have that much price movement so far this friday. we had the unemployment report, pretty dismal. and the stock market reacted with a minor, minor selloff. look at snap. that company is suing the patent office and the trademark office because they rejected snapchat's trademark for the word spectacles. snapchat wanted to trademark the word for the company's wearable smart glasses. they're suing. let's change the subject completely, here we go to the border. bill melugin is there. do we have more criminals showing up, bill?
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>> reporter: stuart, good morning to you. that's exactly right, we do. border patrol just reporting this october 1st they have an rehended more than 60 sex offenders here at the border. we also just a short time ago had yet another crash here in the rio grande valley. take a look at this video from just about an hour ago here. this is far texas -- farr, texas, about 30 minutes away. we are told by a law enforcement source that a human smuggler was fleeing from police with five illegal immigrants when he rolled out over on the local highway and crashed. now, we don't have any word on injuries, but we did see several illegal immigrants being led away by border patrol. we're also told that human smuggler has been arrested. but this sort of thing happens constantly out here. it's also incredibly dangerous for the public. just last month a local texas mom and her daughter were both killed when a smuggler crashed into them. meanwhile, take a look at these photos out of the el centro
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sector in california, 26 illegal immigrants hitching a train ride further into the united states. from the photos, several of them appeared to be young children. this sort of thing happens often as well. migrants are get onto these trains in an effort to get deeper into the u.s. take a look at these photos out of the big bend sector in texas, incredibly desolate, remote terrain. they used a k-9 and a helicopter to track down 20 illegal immigrants who were actively trying to evade. you're going to see a second photo of a large group of illegal immigrants who were caught as they were being smuggled in a red vehicle driving, basically, out in the middle of nowhere, in a desolate desert area. this sort of thing, again, happens all over the border, not just here in the rio grande valley. lastly, you talk about criminals at the border. take a look at this guy's mug shot. this was in the tucson sector, they caught this sex offender, a mexican national. he's got a previous conviction
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for unlawful sexual intercourse with a minor under the age of 16 out of orange county, california. thankfully, agents able to grab him. covid hitting border agents harold as well, a dhs source telling me as of yesterday here in the rio grande sector they have more than 200 employees currently quarantined, 188 confirmed to have covid-19. we'll send it back to you. stuart: good lord. that's astonishing. bill melugin, great reporting. thank you very much indeed, sir. let's join now congressman jack bergman, republican from michigan, who recently -- just literally -- returned from the border. can you give us a report, congressman? can we use you as a reporter? what did you see on the border? >> well, i can -- thanks. good morning, stuart. i can corroborate what bill said. i was in farr yesterday and looked at everything from the bridge crossings to the detention facilities, to all of the things.
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so what he's saying is right on the money. and one example of that that vehicle that was fleeing, the people who are doing that try to do it at a very vulnerable time, during the time kids are going to and from school because they figure that they can get by because of sometimes the chaos of getting on and off school buses. loud and clear. stuart: what about the towns actually on the border? could you say that they are overrun, or is that going too far? >> well, i -- the towns on the border are not being overrun because what the challenge for the border patrol is, is that is getting them before they cross the river, getting them before they cross the bridge. but they move quickly through the town. but they have -- there are little houses, stashhouses that they call them, they'red hiding until they can be moved on. we saw those yesterday. and once the border patrol find
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them, they shut 'em down, but the car cartels just move on. this is big business for the cartels. they're making a ton of money smuggling people in, and it's directly due to the fact that there's a pull factor for illegal immigrants that are caused by the biden administration policies. pure and simple. stuart: it's the open border, is it pop lahr with -- popular with people on the border? >> absolutely not. they want it closed. and i tell you what, i applaud the governor of texas for doing what he's doing because that's his sovereign border, and i would encourage the other states on the border. you know, i've worked with the mexican marines a long time ago on border issues in my last command in the marine corps. the people on the border want the border closed, they want the wall to be built, and they want to give the border patrol the tactical advantage back that they had before the president decided to stop building the wall. stuart: jack bergman, i didn't know you were a former marine, but we honor your service, sir.
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thanks very much for being on the show. see you again soon. >> my honor. stuart: yes, sir. now this, texas senator ted cruz looking to overturn the student vaccine mandate that applies to schools in washington d.c. lauren are, how's he planning to do that? lauren: because the district of columbia is under the authority of congress. so senator cruz is introducing this bill to overturn their a mandate for school students to be vaccinated by may 1st. he wants to scrap this for good. it's unlikely to happen. but the point is, texas is now -- with d.c. instead of the other way around, right? stuart: yeah, i got it. >> end stead of being passed by other senators. stuart: i wish him luck because who needs these vax mandates on kids? lauren: for a 5-year-old. stuart: exactly. good goodness me. thank you, lauren. classes are can eled for a third
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day in a row in chicago. parents, some of them, are turning to micro-schools as an option. we'll tell you about that in our next hour. and a pizza chain with over a hundred locations is looking to hire thousands of workers, so what incentives are they offering? i'll ask the president of lido pizza next. muck. ♪ pleasure. ♪ pleasure -- ♪ i'm a hard working man. ♪ i get it all on the line for a piece of the promised land ♪♪ thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support.
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muck. stuart: still not that much price movement, in fact, very little price it, not much movement. 199,000 jobs added in december. that is a big miss. ed: ward lawrence joins us. looking within these numbers, edward, i believe -- i think i'm seeing black unemployment making a big jump up. is that accurate? >> reporter: that's exactly what happened. it went from 6.5% to 7.1%. you know, this administration's made a big deal about equity in minority jobs and ending 2021 not really helping out the african-american community in this case. in fact, the record low black unemployment rate was 5.4% in
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august and september of 2019 under former president donald trump. now, when you talk about 199,000 jobs added back to the economy, the only time that was fewer than that was he's of 20 was the last -- december of 2020 when we actually lost jobs. you hook at 3.9% on the unemployment rate, that is a good number. but when you look inside that with people not in the labor force, they did not really come back into the labor force, and that's a problem. so where are the jobs and where were the misses in this report? leisure and hospitality added back 53,000 jobs. manufacturing added 26,000. construction added back 22,000 jobs, but look at health care, losing 3100 jobs, and retail in december losing 2100 jobs. the labor secretary spinning this as showing a strong 2021 for the economy when you interviewed him. listen. >> when i look at the report, it's a solid report. if you look at 2021 as a whole, president biden, 6.4 million
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jobs have been added, the single largest one-year gain in the history of our country. >> reporter: but job growth has been choppy over past seven months. you see up then down, up then down again. this trend does not show steady growth. in fact, the three month average of jobs added back to the economy dropped down to 365,000 per month over the past three months, so you're looking at slowing job growth as wages are growing but inflation outpacing that wage growth. stuart: exactly. it wasn't a very good report. i'm still calling it a big miss. edward lawyers, thank you very much is, indeed. our next guest has more than a hundred pizza restaurants all across america, and he wants to hire a thousand workers. we're joined now by the owner thereof, jamie bell, who joins us now. jamie, what are you offering to get these workers in the door? >> good morning. thank you for having me. we offer competitive wages, flexible schedules, just a
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family-friendly environment. it's just a great place to work. stuart: well, can you -- i mean, look, this is an extremely tight labor market, very tight, indeed. can you bring in the thousand workers you want with what you're offering? >> i think we can, it just will take us a little bit of of time. the restaurant industry has really struggled to bring back workers as have most industries, but i think we can ebb tice them over a period of time -- entice them over a period of time. stuart: have you started yet to bring them in? >> we have. i think at our highest point we were down probably 1300 people, now roughly 1000 people. stuart: o.k.. what are you offering? can i ask you that? how much per hour? >> well, they're franchise-owned, so each franchisee sets their own wages, and they're disbursed to large areas. the rates really vary. stuart: supply chain problems. are you short on cheese?
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any shortages? >> we have shortages across the board whether it be for mozzarella sticks to pizza boxes to soybean oil. we upped our inventory to 3-5 days to try to allow for some of these differences in the supply chain, but overall we're faring fairly well with it. stuart: are you raising prices because of the shortages? >> we'ved had to raise the prices. the commodities have increased anywhere between 6-20%. so we have had some slight price increases. we're also looking to maximize our kitchen efficiencies to reduce our costs so we don't have to raise prices as high as we may necessarily have to. stuart: could i get a slice, a ing is -- a single slice in any of your 100 pizza restaurants for $1? >> we don't offer slices, we only offer individual pizzas. stuart: there's a nice way
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around it. it used to be game maine a slice, and it was -- gimme a slice, it was $1. you know, you should. you can sell more money selling slices than you can selling whole pies, can't you? >> you know what? we're going to be open opening in new york city, so i got a dealing we'll be putting our toes into that water. stuart: i want to see that student open, i want a $1 slice. jamie bell, thanks for being here. see you again soon. >> thanks for having me, i appreciate it. stuart: constellation brands, giant alcohol company. they make corona and modelo beers. they're raising prices. that's inflation, of course. how much of a price increase are we talking about ashley? and good morning to you. >> reporter: good morning. from pizza to beer, how perfect. it could go higher by 2% or more. constellation says the biggest problem, get this, is a shortage of brown glass. a result, of course, of the supply chain bottleneck and
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rising prices of commodities. between 20-30%, i didn't know this, of bottles used in the u.s. are actually imported from europe or asia with. the beer maker is dealing, of course, also with higher freights, warehouse costs. it's a familiar story, as we know, for many industries made worse by labor shortages, reduced trucking capacity. in fact, brewers across the country have been forced to raise prices. that's the bad news. stu. stuart: all right. we've gone from pizza to beer and now we're going to taco bell. they've launched a monthly taco subscription for $10. [laughter] they launched it back in september just in arizona. >> reporter: yeah. stuart: now they're going to expand it. here's the question, ashley. first of all, what is a $10 taco subscription, and where are they expanding to? ashley: they're expanding everywhere because that test run in arizona was so successful. they increased their rewards program membership by 20%.
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so what do you get? it allows customers to get a taco a day for 30 consecutive days for the price of $10. that is free tack -- three tacos for every dollar. not bad. the monthly service is called taco lovers pass. it can be bout through the the -- bought through the mobile app, you can redeem them at your favorite local restaurant. and this concludes the commercial, stu. i will take a 5% cut. [laughter] stuart: actually, it sounds like a good deal so long as you know what to do with the online stuff. $10 a month for a taco a day, i would do that if there was a taco bell near me. but there isn't. [laughter] thank you, ashley. now this, the first case of flurona has hit the u.s. this is a come by combination of the -- combination of the flu and covid. we'll tell you where it was found and how you know what you've got, flu or covid. it's a mystery to me.
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the grammys postponed because of covid concerns, does this spell trouble for the super bowl next month? it's supposed to be played in california. we've got a report. ♪ don't stop me 'cuz i'm having a good time, having a good time. ♪ moving through the sky like a tiger -- ♪ ♪ welcome to allstate. where auto insurance now costs less. ♪ and savings like that follow you everywhere. ♪ now, save more with allstate.
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♪ stuart: citigroup getting hard core, they're going to be touring employees who refuse -- firing employees who refuse to get the jab. office workers who don't comply by january 14th will be placed on unpaid leave, they were the first bank on wall street to imposes a strict vaccine mandate. they made an announcement back in october. jab 17th -- january 17th, jab or
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out. now this, mike gunz gunzelman is with us. all right, gunz, they've got restrictions in l.a. where the super bowl's supposed to be played. is it inevitable that it moves to another state? >> good morning, stuart. i truly believe it is. unless the california covid cases dramatically decrease in the coming days -- not weeks, but days -- then i would say, texas, get ready, because you're getting the super bowl, and los angeles is out. and, stuart, this is because of a number of reasons. let me just break it down real quick with. one is time thing, okay? they have five weeks until the super bowl, and, you know, los angeles officials are saying, oh, we have plenty of time, you know? hopefully covid cases will decline. of course, no guarantee they will. on the other side of time is the fact that it's the super bowl. it's not just one day, it's a whole week of festivities. you're going to have 100,000 plus people coming into your city on top of that, they
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already have a health care shortage. california has thousands of outside health care workers from other states that are already in the cities and state of california. if you have 100,000 more people for the super bowl, you're going to have to get a lot more people many there. and then one other aspect real quick is the fact that it's california. stuart: yes. >> it's amazing that these blue cities and blue states, they're the first to impose more mandates and regulations, stuart, and they're the last ones to ever pull them back. stuart: yes. >> so if i'm the nfl, i'm getting the heck rut of -- out of town. stuart: if california loses the super bowl, that is a huge pr black eye for that state, and if it goes to texas, it is a huge win for texas and governor abbott. that's the way it is. >> yeah. here's the thing, stuart, we are hyperventilating with hysteria. it's all happening again. i talked to you about this a year ago, how things were being
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canceled, and it's all happening again, and it doesn't need to be like this, but our leaders are making it. and it is so frustrating. you're seeing it right there. california versus texas, i believe it goes to texas. stuart: okay. we'll see. you're not supposed to say, but only time will tell. only time will tell actually. gunz, see you soon. thanks very much. the tampa bay buccaneers officially released antonio brown after that incident the other day. ashley, tom brady had something to say, right? ashley: he did. well, actually, brady helped recruit the former all-pro wide receiver to the bucks despite his previous problems, but brady had this to say about the termination made official by the team. take a listen to what he said. >> i think there's a lot of personal, obviously, feelings. i don't think it's really the week to discuss it. i'm just going to do the best i
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can do and try to put together a great week, finish strong. i mean, you just always deal with different things over the course of the season. that's what we're doing this week. ashley: well, brown had just been treated for an ankle injury but was cleared to play last sunday existence the jets -- against the jets, but he refused to take the field in the third quarter. took his helmet off, his jersey, his pads, waved to the crowd, disappeared down the tunnel. brown's nfl future, to say the very least, is uncertain, stu. stuart: thanks very much, ashley. the ceo of moderna says people may need a fourth covid shot. the first case of a new covid variant called ihu just confirmed here in the u.s. in a moment, i'll talk to dr. bob la here that about endless jabs and ihu. ♪ ♪
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and nasdaq go down. that's what's happening now. a new covid variant called ihu, it's emerged in france. gerri willis is with us. what do we know about this new strain, gerri? >> reporter: well, here's the headline, it's in the u.s. we broke the story last night. the cdc telling fox business that there was a single case of this in california. new news here, a few few variant that has -- new variant that has reached the u.s. so far the cdc is not saying that ihu is a variant of concern. however, in their words, they are actively monitoring this varian a i can't which has 46 mutations, and that is more than omicron. here's the statement they gave us last night as you can see on the screen right mow. as of november 12, 2021, there was one case identified in the united states in california in a person with a travel history to mexico. we had questions about that, reached out to the california health d. for details but --
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department for details but have not heard back. this variant was first identified in france last september in a person who had returned from cameroon who was ebbs experiencing mild respiratory illness. the case emerged in the same week as the first case of omicron which was reported in france that week. twelve people were ultimately infected in france. now, the world health organization has said this is not something you need to be worried about. they are downplaying concerns right now, and there are no reports of deaths or serious illness from this. you should also know variants are found all the time. but we are just getting word that this particular variant has landed in the u.s. back to you. stuart: good stuff. gerri willis, thank you very much. dr. bob lahita is with me now. doctor, the world health organization says no serious concern about i health care u.
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ihu. how about you? you concerned? >> i'm not concerned, stuart, because, you know, these variants, as gerri said, pop up all the time. and viruses are known to upregulate and down regulate. when they upregulate, you get mutants like this, and there are two significant rue -- mutations of this variant, from what i have heard. i saw it three days ago, and now it's being called the ihu which is name after an institution in france that studies the mutations. so i'm not concerned. we don't know anything about the clinical changes, but we can expect variants as we go forward, stuart. stuart: okay. how about this thing called, it's being called flurona? [laughter] you know, it's detected in los angeles. my problem is it's a mixture of flu and covid. how do you know what you've got? because the similarities, symptoms are the same. >> well, with the exception of loss of taste and smell, you're correct.
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the omicron symptoms and the influenza symptoms are very much alike. we have quick tests for influenza in all hospitals in the country, and now we have quick antigen tests which are fairly reliable for the coronavirus. so if you come in and you have all these symptoms like congestion, extremely sore throat, severe headache, muscle aches, we test for both now. and flurona is, unfortunately, going to be more common as we enter the winter months. stuart: great. >> so get ready. stuart: just great. [laughter] the ceo of moderna says people may need a fourth covid shot because the efficacy of boosters is likely to decline bigtime. it seems like, doctor, we're in this, shots, forever. that's not good. [laughter] >> well, in this virus is going to be with us forever. what they're doing is looking at the various omicron infectivity, and, you know, the booster shot blocks omicron 50 micrograms 37-fold and 100 micrograms at
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83-fold, so it's very, very protective. that's the booster. so people are being encouraged to get that thursday shot. now they're talking about a fourth shot, and i dare say that i would predict that in the years to come we will be getting variant shots every fall for both influenza and for coronavirus. stuart: okay. that's not going to be popular. last one. have any of the patients which you've treated, covid patients, have they come to you and said i've to got brain fog? i can't think straight? has anybody said that because i had covid and i got braining fo. >> people. they can't concentrate, they can't balance their checkbook. it's fairly common. if this virus concentrates in the brain about 1,000-fold, it's not surprising that some people with immune systems that are somewhat rickety may have brain fog. stuart: i'm glad you told me that because i think i'm over
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brain fog, and that's how i'm able to do this job as we speak. dr. lahita, great stuff. thank you very much for joining us. see you again soon, sir. >> thanks, stuart. stuart: still ahead, steve hilton, larry elder, lara trump, nick adams. vice president harris compared the january 6th riot with two devastate ising attacks on our country, pearl harbor and 9/11. you know, you really shouldn't compare capitol rioters with japanese kamikaze pilots or al-qaeda terrorists. it's insulting. that's my opinion, and it's my take and it's next. ♪ ♪ i'm crazy, crazy for feeling so blue ♪♪ at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan
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tell you to boost somebody, every 3 months for the rest of their life? >> biden has continued to say things that aren't true, that the pandemic is the pandemic of the unvaccinated, no it isn't. >> the government telling you that you are supposed to keep this at bay, people arguing for the government to realize this is out of their hands. >> we are moving our economy moving forward and that is the
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president's focus and what we will focus on. >> based on these rising yields from one.722.6 very quickly watch what happens. stuart: 11:00 eastern time friday january 7th, a snowy new york city you are looking at, deserted, people not coming back to work and it is snowing. look at the nasdaq really down, way down again. europe 170 points as we speak, better than one%, the yield on the 10 year treasury, tech stock prices down, 178 now on the tenure, the highest since january of 2020. big tech all of it on the way down because of that rising yield on the 10 year.
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now this. in her speech on capitol hill thursday vice president harris compared to january 6th riots with two devastating attacks on our country. watch this. >> certain dates echo throughout history that occupy not only a place on our calendar but a place in our collective memory. the summer seventh 1941. september 11th, 2001, and january 6th, 2021. stuart: i think that is outrageous, you don't compare mohammad omar baradar riders with japanese, khasi pilots are saudi terrorists, it insults our memory. later in an interview with pbs she laughed. it didn't seem appropriate. then she talked about a level of malaise in america about
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covid. bad choice of words, brought back memories of jimmy carter and the malaise of the 1970s. some of her staff recently left saying she didn't read her breathing material and then bullied staffers after she made an entry mistakes. vice president is a problem for her party and more importantly for the country. this is an unprecedented situation, an old and unfocused president has a vice president who seems out of her depth. a danger for the country. steve hilton is with us. comparing the riot, capitol hill riot, disgraceful as it was to pearl harbor or 9/11, that is outrageous and undermines her credibility in such a dramatic fashion. with me on this? >> 100%. what credibility by the way. let's take that comparison first. it is so despicable to try and
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link and equate the terrible suffering and pain and sacrifice of american heroes down the ages at the hands of terrorists and foreign enemies to what happened on january 6th. as you say, bad as it was. and this person kamala harris standing up there making these despicable comparisons is the one if we go back a year or so who was descending and exulting in the riots that were happening on the streets of this country right across the country after george floyd, she supported getting them out of jail, she went on tv and said we want to see more of it, the people who were riding, keep going, that is what she said to those riots, that is what is disgusting about it. to the point of her credibility. anyone in california where she's from who knows her, democrats have said for years
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now the fundamental problem with kamala harris is she is a completely unprincipled machine politician. there's nothing she believes in other than her own personal advancement. when she's faced with real problems, real policy choices she has nothing to fall back on so she reads whatever is put in front of her and go where the political winds are going, doesn't believe in anything but advancing her own career and arms her career because everyone can see how useless she is. stuart: isn't it a danger for the whole country? president biden is older, often unfocused and sometimes doesn't seem like he is all there. i don't want to say that but i think it is accurate. at the same time the vice president has no credibility whatsoever. i think the country is really in danger here. it is not constitutional or
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political crisis but the danger of the succession from an elderly president. >> it is frightening. look at biden the other day not knowing what year it was, all the time stumbling, mumbling and slurring his words, he's another one, another machine politician, doesn't believe in anything, for 50 years on every side of every policy issue going wherever the political power forces in his party push him. that's what is dangerous, two people who literally have no concrete convictions or political beliefs being pushed around by whoever has the power and right now people with the power in the democratic party awoke left, public-sector unions. stuart: you can't do anything about it. unprecedented to ask the vice president to resign because of incompetence or whatever, you can't do that so we are stuck for three years, we're stuck, last word to you.
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>> exactly right and the one thing we can do is put a check on this in the midterm elections and at least take that power in the congress and put some limits on what this appalling couple can do. stuart: okay. we will be watching you as we always do on the next revolution sunday at 9:00 pm eastern only on fox, see you again soon. look at that market for a moment, the dow is down 70 but the story again is the nasdaq down 173 points well below the 15,000 level, major-league selloff in big tech, the nasdaq because rates are rising on the 10 year treasury. jonathan koenig joins us now. how can the market rally in the face of rising interest rates on the 10 year treasury and rising rates from the fed. how do you rally in a situation like that? >> reporter: you are smart not to underestimate this was the price of money is the most
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important price in the economy. everything else is based on that. that's why you've seen this important relationship between interest rates and big tech. at some point big tech suffers and the rest of the market suffer with it. the majority of stocks below their 200 day and 50 day moving average and the fact that big tech dominates all the indices. apple alone is 10%, you have to play carson especially given none of us invest in a lot today have lived through interest rates moving like this so quickly, so high, so profoundly. i'm playing defense when it comes to big tech. stuart: you say you're playing defense on big tech, you run a hedge fund, you invest a lot of money so are you pulling it out of big tech, saying i'm not going to touch it no matter what? i'm out of it and get away from it? is that what you are saying? >> it is up to your own
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individual context and if you're a long-term investor 10% or 20% correction isn't that big a deal but in terms of new money i'm more interested in bank stocks and financials. an old investing cliché, go where the action is in the action is bull markets are in places but benefit from higher interest rates so bank stocks are the new sixpack if you will and my fear is they could be dead bunnies for a decade just as they were in the first decade of the 21st-century. the market itself in the early 2000s, big tech names were. i'm avoiding those names. stuart: big tech know, bank stocks yes. simple as that? >> it is down to your own individual. my advice to anyone would be
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don't double down. whether it is bitcoin or big tech or beanie babies, doubling down will always infiltrate every big hedge fund with your own 401(k), doubling down, avoid that no matter what investment. stuart: i will do my best, i will do my best. you are all right, see you again soon. come back in again, lauren. bank of america. is that a high for that stock? looks like it? >> it is a 15 year high. jonathan said bank stocks yes, you have banks in general performing well in the new year rates rising, today we had one.77% in the 10 year within striking distance of the high from last year. also take a look at bitcoin going in the opposite direction down hitting september lows.
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traders worried about rates but there is an internet shutdown because of riots in catholic stand. that is important because they are the number 2 minor of cryptos in the world so you can see minors and platforms down for marathon almost 5% as a result and we've got to look at game stop again, shares are surging, they are getting into the business, selling in a file. this year but it is almost 1 you to the date that the meme stock rally began last year. it hits 350 at the end of january of 2021 and now 42. stuart: i still think of these meme stocks as gambling chips. i thought that he year ago and it is the same now. neil: they get a new business that is nots and crypto currency partnerships does that help their fundamentals which take them out of the meme stock category? stuart: not sure, i can't answer your question.
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you got me. can't ask you a question. let's get that is interesting store, the boston bomber received $1,400 stimulus check, the government wants it back. we will find the progress there. the cohosts of the view are supporting the chicago teachers who refuse to return to the classroom. you got to watch this. >> the notion that teachers should just suck it up and go to work is ridiculous. this is a petri dish they are being told to walk into every day. stuart: can't wait to see lara trump take that on. she is on the show shortly. california guy larry elder is here, he says he will not run against california governor gavin newsom in the next election like he did last time. lara is here to tell us why he's not running against him. ♪♪
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stuart: there is the supreme court and the justices are hearing arguments over president biden's vaccine mandate for large private companies and healthcare workers. shannon bream joins us, what is the latest? >> reporter: they have waited two hours and it will go beyond that. as we thought it would in a case of this important, the chief justice allowing a lot of extra time so far. what is also clear is none of
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the left-leaning justices are interested at all in the workplace mandate. kagan said more people are getting sick every day. i don't mean to be dramatic but stating fact, this is a policy geared to stopping this. there is nothing else that will perform the function better than incentivizing people strongly to vaccinate themselves. he said getting people vaccinated is the best way to stop the virus from spreading. justice breyer seemed incredulous that anyone would show up in court and argue the mandate should be stay justice mayorkas is it is not a vaccine mandate at all because it provides testing and masking alternative for the unvaccinated. she's calling it a mask mandate. scott kelly arguing for businesses challenging the mandate says there's going to be an immediate negative impact on the us economy if the regulation goes into effect because it is estimated about 1
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to 3% of the workforce would just quit and the department of labor is going far beyond powers congress delegated to it for the specific task of regulating safety in the workplace. that's what the argument is about, federal branch through these agencies have the power to do something that just months ago president biden and other members of the biden administration said they didn't have the power to do, can they essentially force private employers to carry out? this is having a real-world impact on the covid situation, one of the attorneys has been arguing, tested positive for covid, had to stay in his place and argue by phone. he says he's fine and is not anti-fax, just what is being done with the mandate is a broad overreach, the solicitor general is arguing on behalf of the biden administration. justice tomeyer decided to stay in her office and not join the courtroom today, she has consistently worn a mastering argument, she's really one, she is diabetic and has been open
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about that it is trying to be careful, we know all the justices are vaccinated and boosted and the arguments continue. stuart: could we get a decision today? >> know, that is highly unlikely that this is super fast tracked, normally you would wait months or even days. stuart: thank you very much, see you again soon. the governor of california gavin newsom is up for reelection this year. larry elder is with us. larry challenged newsom in the recall election was wire you not running again? >> you had me on the show for years and asking the same question, when is california going to hit rock bottom and while we have rising homelessness, rising cost of living, people leaving california for the first time, california, one of the heads of states where president biden's poll numbers are still above water and you ask me to move in in new jersey a few months ago. i pounded on your door, you might remember, you didn't
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answer. i leaned in and heard somebody say 9/11, what is your emergency. we had over 150,000 people who donated to my campaign and at least half were outside california. no ties to california, no business in california. hadn't lived there before but almost half of the donors were from outside california because the issues were universal, crime, education, cost of living and they know so does california so does the rest of the nation so i set up a political action committee:alertforamerica to help americans retake the house and senate and campaign favor school choice, to get soft on crime das and these are the issues i will campaign all across the country to take back the house, take back the senate, do something about the soft on crime das and school choice. i'm asking people to throw something in the to darken elderforamerica.com. >> burial there has gone national as opposed to just california. i hear you. governor newsom has pledged to
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keep the schools open. public schools in the bay area north of you, closing for covid. let me ask you this but if you were the governor how would you keep the schools open, what would you do to keep them open? >> i wouldn't be imposing facemask mandates or vaccine mandates and governor newsom has done a 180. initially when i was when he wanted schools close, he is not realize the downside, kids already lost a whole year of in-person education before the pandemic, have all third-graders could not read at state proficiency levels and the mask orders were even worse, suicidal, depression up, opioid addiction up. at least he recognize he should not have done that. i which district make their own decision, a parent determination but i would not be demanding any kind of vaccine mandate especially for people age 5-14 was only 14% of all the people in that age category have gotten vaccines
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because parents are pushing back and i would give the parents the right to do that. stuart: thank you for joining us, best of luck with going national. got to check the markets and got to point out the main story like it has been this week, the nasdaq way down 164 points lower because interest rates are rising. show me pfizer. they expect the result of the clinical trial for kids under the age of 5 by april, talking about very young children receiving three doses. if you are a parent how do you feel about that? next case, the boston marathon still owes millions of dollars to victims. i find this incredible, he got a stimulus check. ashley: first line of my script, incredible, yes he did. he had a $1,400 federal stimulus check deposited into his inmate trust account back
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in june of last year. now the us attorney's office in massachusetts wants the federal bureau of prisons to turn that money over, back to his victims, rightly so but despite having more than 21,$000 transferred to his account since 2013 look at this, prosecutors say he has paid a little over $2,000 toward restitution while owing more than $100 million. he is serving a life sentence for his role in the bombing that regrettably resulted in the deaths of three people and injured hundreds more in a horrible horrible event. he's not turning it over. stuart: i'm interested to find out how many other prisoners perhaps with no children or spouses, young men or women in prison, how many of them got stimulus checks and what are we going to do about that.
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isn't that crazy? all right, i will move on, now this as i like to say, the president takes aim at mister trump in his speech on the mohammad omar baradar riots in the media loves it and watch this. >> this may become the strongest speech he has ever given. it was from the heart, >> extraordinary remarks at the mohammad omar baradar. >> more where that came from and you will hear it and lara trouble respond, she's here shortly. class is canceled for a third straight day in chicago, some parents are so fed up with the teachers union they pull their kids out, and rolling them in micro schools, grady trimble has the report from chicago next. ♪♪ back back back to school again ♪♪ ♪♪ got to go back
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nasdaq land, down 133 points. that the story of the morning, way down for the nasdaq composite and the big techs. here is why, the yield on the 10 year treasury is one.79% was when that yield goes up nasdaq goes down. 's closing again because of covid. a return to remote learning, parents don't like it, they are looking at micro schools as a solution. grady trimble in chicago, explain to me what a micro school is. >> i learned that today as well. typically they have smaller class sizes and fewer students like where we are, 55 students enrolled right now but these types of micro schools are getting more popular during the pandemic, kristin heninger is director of the school. what do you think is by the uptick in enrollment? >> it is because parents have been looking at what kind of
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education they want for their child advocate things like we can offer different we like we go outside a lot and have individualized learning and hands on learning during our school day. >> reporter: you are not going outside today when it is 6 degrees here but if you look at the numbers for chicago public school enrollment they have been going down over the past few years while your enrollment has been going up. one of the reasons could be parents want their kids in schools and you state open through the much of the pandemic. >> we been able to stay open and in person. a lot of it is because we are really small, we can keep track of who is coming in possibly second do a lot of testing on site and keep track of the community. >> reporter: obviously you have to pay for this type of schooling. it is more expensive for some parents but you have an interesting pay structure. >> one of our missions is to make sure our school is accessible so we have an equity based financial aid structure so some parents pay the higher end of tuition and a lot of
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parents payless. >> reporter: the higher end? >> 13,000. >> it could be as low as 1000. >> a couple students of gotten full scholarships. >> reporter: interesting approach to schooling and they are seeing an uptick in enrollment here and it these types of micro schools all across the country. lauren: the hosts of the view went all out to defend those chicago teachers who refused to return to the classroom. role tape. >> our teachers are underpaid, overworked, they have a right to be safe in their work environment. the notion that teachers should just suck it up and go to work, i just think it is ridiculous. this is a petri dish they are being told to walk into every day and i'm holding my mule i want to scream so hard. but i just think it is a terrible situation for the chicago kids parents to be in
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and the children themselves. lara trump, thanks for coming on the show. why doesn't president biden express the same degree of anger at these teachers were keeping kids out of school as he expresses that anger towards the unvaccinated? >> he seems to get angry a lot. he's always yelling and very upset about so many things except he hasn't gotten superangry about these teachers. teachers are essential workers like nurses, doctors, grocery store workers, truck drivers, we need teachers to keep society functioning. they play such an important role and it is very confusing to see the women of the view, obviously they are completely disconnected with reality. we shouldn't expect them to
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have any other take on things that covid is here to stay. people continue to talk about it. experts -- stuart: we just lost audio. check the markets and cfi can get her back and look at that. now you know why the nasdaq is down so much, it reached one.80% on the 10 year treasury. we have been talking about this all week as the nasdaq has been selling off, the yield on the 10 year treasury has gone back up. the latest it is 180 and lara is back, you got cut off, froze again. i tell you live television is very difficult on occasion but there is a secret. when something goes wrong you smile. do not pound the table and express anger, do not ever do that. viewers do not want an angry anchor. let's try one more time.
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i believe lara is back. we all smiled all the way through. the media just couldn't hold back their praise for president biden's january 6th speech. role it. >> delivering an extremely powerful very very significant speech. >> this may well become the strongest speech he has ever given. it was from the heart. >> this was the clearest -- >> this speech by president biden was a remarkable one. >> extraordinary market the mohammad omar baradar. the most powerful and confidential speech of his presidency. stuart: if you think that speech was partisan then you believe the former president's lies. stuart: i think they miss your father-in-law. they want to drag him back to
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the public square and beat him up all over again for political advantage in november. i don't think it is going to work. >> they would love to. nothing from the heart from president biden, nothing has been from the heart. the media has been waiting with baited breath for january 6, 2022, for an entire year. this was their moment they have been waiting for, they have been ready to pounce on donald trump, pounce on conservatives, they had to make such a spectacle out of yesterday, nobody is in january 6th, 2021, was a good thinkable we don't want to see anything like that happen again but these are the same people that ignored the riots during the summer of love, ignored all of the police precinct burned down, small businesses destroyed, gave people a pass on that and encouraged that behavior and to see the way they treated january 6th, the way they treated this speech from
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president biden who talked about the former president basically the entire speech, he didn't want to name him because he didn't want to start a competition. the whole thing was so predictable they are different to change the narrative because they have nothing on the democrat side to offer the american people, they know these midterm elections will come up quick and people know that life was much better before the democrats took control of congress and before president biden took the white house. stuart: glad we got your audio restored, thank you for being with us. we have one disney park shutting its doors for two weeks as covid cases rise and tennis star novak djocovicz is held at immigration hotel. he was denied entry into australia. djocovicz's family says he's a victim of politics was nick
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adams is our australia guy and he's going to take that on next. ♪♪ freedom ♪♪ freedom ♪♪ freedom ♪♪ freedom ♪♪ freedom ♪♪ ♪♪ freedom ♪♪ freedom ♪♪ ♪♪ freedom ♪♪ throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns.
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stuart: president biden just started his remarks on the jobs report. here's what he said so far. he called today historic day for our economic recovery and went on to deliver a series of statistics about how great the employment situation was. he started with a very positive spin on what was a rather dismal jobs report. the press conference is in progress. we will go back to it when and if he starts questions. a disney park closing its doors for two weeks because of covid cases. which one?
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ashley: hong kong disneyland, the park closed today through thursday, appointed to the latest global surgery saying the move was required by the government and in line with prevention taking place across hong kong. the move affects the park itself, this is the fourth time this park has been closed since the beginning of the pandemic. stuart: tennis star novak djocovicz arrived in australia to take part in the championship. he was detained at the airport because he didn't have a vaccination certificate. he's being held at an immigration hotel, there are guards outside his door. djocovicz's family says he is a victim of politics was nick adams, australia guy, joins us.
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talking about australia's response to omicron. >> what happened to novak djocovicz is not excusable. somebody who arguably is the greatest tennis player who ever played the game, he won the australian open nine times, that's nine, one less then ten. of these are approved all the time, all of a sudden because there was a little bit of back lash among the people of australia and pressure to the federal government, all of a sudden a problem, we are not hearing anything about medical exemption, vaccination exemptions, all of a sudden the problem and it tends to be the way it goes in australia maybe even in other places as well. when they can't get you on one thing they look for something
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else to get you on. and unpleasant side of australia and the world is getting to see it. stuart: you suggest australia has become a laughingstock but as i understand it, inside australia the decision to keep djocovicz out is popular. is that correct? >> absolutely, absolutely. the australian people don't want any special treatment for novak djocovicz, they don't want any kind -- don't want to say that he is great, he is fantastic. the problem is australia as far as mediocrity, we are seeing that now. it is a bureaucratic place, a pedantic kind of place, nothing brings that more to the 4 than omicron or the pandemic and we are getting to see, the whole world is getting to see this façade is being carefully crafted by so many hollywood
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actors, and individualistic bastian of freedom and common sense that all of that is just not true. it is run by right now a bunch of people that are vacuous, overly bureaucratic and mediocrity. stuart: welcome to america. >> delighted to be here. stuart: we all are. give me a status report inside australia. can you travel from one state to another, new south wales to victoria. can you do that yet? >> changing by the minute. everyone from sydney, i'm from new south wales and from what i understand every single person has got covid right now which is why the whole djocovicz thing doesn't make much sense
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but in any event there are restrictions now, coming back in new south wales, victoria, a state that suffered more lockdowns than anybody else. that will happen as well. to see how this plays out. stuart: it played hell with my son's business, not good. great to see you again. come and see us again soon. we like you. >> my fellow american. stuart: thanks. breaking right now, new york's governor making an announcement. new york will be the first state to require boosters for healthcare workers and no test out option. that is playing hardball. let's get back to the market, show me the dow 30, a sense of where the market is, 50/50, winners and losers and the dow is positive, up 29 points. don't go anywhere.
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stuart: why not start with a gorgeous view of the beach in florida? lauren and ashley, let's get started. this comes from scott. family aside, what was the most memorable part of the past holiday season? i will go first. it was memorable to sit alone in a small apartment in new jersey throughout the christmas. go alone eating turkey alone. how about you? ashley: i am laughing with you. i got to be honest, you picture the beach, and ourselves from their, 80 degrees, got some pictures of us around the pool on christmas day and on the beach, my wife is from australia so she's like this is normal but it isn't normal. that was a highlight. stuart: what about you? lauren: so not fair and so
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mean. here we go. i was hosting christmas, the whole dining room table, expanded it, christmas candles, day of, covid. my husband's christmas is orthodox christmas, today, i will discover the table and host orthodox christmas and guess what? not hosting it. stuart: two unfortunate memories and one wonderful memory. this is from preston. my wife and i are in cape canaveral and drove by the norwegian gym looking for ashley. we would love to meet him and the foxbusiness crew. do you meet a lot of viewers when you are on the road? ashley: you would be amazed especially in florida. i can think of three times, i wish they had come by but i was
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unclear, the couple came down and said we saw you on varney and wanted to say hello. it happens all the time. varney, you use that name in florida it gets you into a lot of places. stuart: in some places can get you into a lot oft roofubt ofue th is frim jim j j j jwhopurw tiso?on be caus caus bways twaheh ua : i rthertam yo have aesn?io ashl as: hldodododo ringitutng i wick swkeee toott t away ets and s eaans alieich isich y? ua rt: uayouaocyoocor yoeyu eymemememe st st how abhow ? licorice? ashley: yes. i got a bag in the cupboard i'm trying not to open.
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stuart: most viewers have no clue what we are talking about but a specific candy available in england which was part of my childhood and yours too. we will get to the next question from david. i just love it when you say after your "my take" we are just warming up. i do offer spirited editorials at the top of the hour to warm up, get the excitement going. do you think it works? lauren: i do. you need to sell yourself, i've got 3 more hours. you need to brace for what is about to hit everybody. and your self. you are laughing but it is kind of true. ashley: it is true. the people i meet here say they love it when stu gets really revved up and as one person said recently, puts those woke people to the fire. stuart: glad they like it. teresa wants to know what will
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it take to get stuart to be a guest on gutfeld? he is the king of late-night. i would love to see it. i am not sure about that. i'm not really funny. it is not my brand, you know what i mean? what are you laughing at? lauren: because todd pyro has been twisting your arm to do this and i fought you were going to say yes. stuart: not on the air. i'm not going to commit on the air because then you can't take it back. we are done. thanks to everyone but we have the friday trivia question. stick around. who was the first female elected to congress? jeannette rankin, caroline o'day, rebecca felton, mary norton? submit your guesses, lauren and ashley? we have the correct answer after this.
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♪ feel stuck with credit card debt? ♪ move your high-interest debt to a sofi personal loan. earn $10 just for viewing your rate — and get your money right. ♪ stuart: we asked the first female elected to congress? jeannette rankin, carolyn is a, mary norton, lauren, ashley, you want to guess? i haven't got a clue? >> i don't either. i will go with number one, jeannette rankin. stuart: how about you? ashley: i know it because the statue is in montana capital
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building. it is jeannette rankin. stuart: you are right. it is jeannette rankin, the first elected to the house of representatives, first woman the republican from montana, 1916 four years before the nineteenth amendment granting women the right to vote. fascinating, you spent years in montana. ashley: loved it. thanks for a great week. my time is up and neil cavuto, it is yours. neil: we are following the same development looking at a turnaround on the dow industrials side. the nasdaq under selling pressure again but we have been looking at the curious response to the latest jobs report disappointing as it was, 3.9% unemployment rate but the fact of the matter is wages and key component continues to move
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