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tv   Varney Company  FOX Business  July 13, 2022 9:00am-9:47am EDT

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so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. stuart: there is a surprise. wanted to show you a movie star, that large bird has been sitting there for a long time, don't want to get rid of it. that is our beauty shot of the morning. this is nothing nice about this one. a 7-year-old girl allegedly disciplined by her school in california. she wrote any lives matter on a black lives matter drawing she made for her friends. all those friends were racially mixed. douglas mary, this girl has been barred from drawing any pictures in school.
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how did this get started? >> it is amazing. a political game, for two years it was claimed by black lives matter activists to say our lives matter is racist. if you say black folks matter but every life matters, that is racist. this schoolgirl, the complexity of a schoolgirl's thought, seems to me she would be saying i've got lots of friends of different backgrounds and everyone matters. that is racist trope. stuart: that is ridiculous. in america and 2022, totally normal. stuart: i would have thought that was a special single example. >> every day i hear from parents across this nation
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whose children are put through indoctrination training of a similar kind to this told what is happening in america in record time this ideological movement that called itself blm, a political movement has bleed its way to every school, university, corporations, at least business won't fall for this. in businesses, corporation, government, all of this is a bullying political agenda that even bullies school girls into saying the dogma of the age. stuart: one more for you, lebron james kind of weighed in on the britney griner story. >> does she feel america has her back? why would you go back to america? stuart: he is backtracking.
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my comments, wasn't knocking the beautiful country, simply saying how she's probably feeling emotionally, other thoughts inside that cage. this, not the first time he said something inflammatory and tried to walk it back. >> in a way he can speak his mind it. something interesting about this, a hostage situation going on here. shouldn't be under any illusions. the contents effectively what the iranians have been doing and the north koreans, the russians are doing it now, they can d10 -- detain people, it is hostagetaking in the hope for
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political bartering to go, i hope they are wrong but that is what they are doing. b1 stay there for a second, do we have enough time to roll the soundbite of senator howie --hawley and the senator from berkeley about whether a man can get pregnant. have we got it ready? it couple seconds. we don't have it yet. it is coming from a any day now. just to you. >> there was the movie junior where arnold schwarzenegger got pregnant. stuart: that was a movie. we got it. >> schwarzenegger could get pregnant of all people. stuart: roll the tape. >> he referred to people with the capacity for pregnancy. would that be women? >> i want to recognize your
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line of questioning is trans phobic and opens up trans people to violence by not recognizing them. >> i'm opening people to violence by asking if women can have pregnancies? >> you believe men can get pregnant? >> no. >> you are denying trans people -- >> that leads to violence, our students allowed to question you? are they treated like this? opening up people to violence -- >> we have a good time in my class. stuart: that was fascinating, have at it. >> i said last night when i saw this, how is this woman 8 professor? she talks like an element to school teacher, thinks like an element preschool kid, much stupider than an elementary school kid, no element re-school kid would actually believe men can become pregnant and she says you speaking about
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this because death of trans people, anyone can play that game but how could somebody be a professor at a friend of mine is a professor, this is totally routine in american universities for people to be this low caliber. when i see somebody acting like this we cannot do that, some but he criticizes me, criticizing me is phobic, you're causing potential violence against me so you got to agree with everything i say otherwise you are a killer. we could all do it. nobody -- ideologically insane maniac, unfortunately this berkeley professor is such a thing. stuart: that put everybody in their place. that was -- glad we made the extra two minutes available. >> indoctrinated by that berkeley professor. stuart: that is okay. check the markets, got to get back to that.
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the dow is down one hundred 40 but nasdaq up 20 one. the s&p did briefly join the nasdaq in positive territory, slipped down again. google is going to slow down hiring. that is interesting. how long does that last? ashley: through 2023, ceo of google, the parent company says google is not immune to economic headlines and has to work with greater urgency. alphabet shares down 21% this year, the company missed analyst estimates for the first quarter as growth fell 23% from the year earlier. the company hired 10,000 employees in the second quarter. seems like a lot but the case of hiring will slow for the balance of this he rented next with the company focusing on recruiting for engineering and technical roles, the company says it would be more selective
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to research and development. stuart: a leaked memo at facebook weeding out low performers. ashley: mark zuckerberg getting tough, managers ordered to oust coasting employees. they are told to report anyone who needs support to human resources. it is a big change of time for the silicon valley company known for california laid back and relax attitude but times changed. facebook value plummeted 52% since the start of the year. questions being asked more, the company's privacy policy that has gutted its method of making money by selling user data and in late june zuckerberg told
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employees during a companywide call that this might be one of the worst downturns we have seen in recent history. stuart: come back in, nothing like a downturn to make you tighten your belt. >> reporter: mark zuckerberg talking about low performers calling them coasters but in the privately held business world all of us business owners have this acronym we live by, gwc, you want employees the get it, want it and have the capacity to do it. to meet 2 of those 3, you've got good solid employees, people that are passionate about your company whose goals and values are aligned with what you are trying to accomplish and those are probably the low roi employees for facebook. stuart: got that. we have a reporter saying americans should keep living
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with their parents to handle rising prices. look at this. >> you could say i was going to buy something big and maybe i won't do that, i was going to mail out of my parents house, maybe i won't do that until i get my reserves built up a little bit. stuart: how do you like that? you want the kids to live with you 30 or 40 years? the washington post is calling out president biden over the possibility of a slimmed-down version of build back better, the post doesn't like it. sandra smith is next. ♪♪
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stuart: twitter is suing elon musk forcing him to complete the $40 billion deal. what is the latest? susan: the 200 page lawsuit, tough accusations in this twitter filing, accusing musk of acting in bad faith, that he changed his mind after losing $100 billion in personal wealth because of the stock market selloff but they are saying a deal is a deal.
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musk believes he subjected delaware contract law, free to change his mind, trash the company, disrupt operations, destroy stockholder value and walk away. bret taylor confirming filings hold elon musk accountable, musk on twitter dismissing the lawsuit writing, quote, the irony, we know that musk terminated the deal friday accusing twitter of not being truthful describing the number of accounts on a platform and not providing necessary data. twitter stock as you look at it today, up in a down market, 10% when musk walked away, wall street analysts and legal experts say twitter might have the upper hand here. >> black eye for musk, a fiasco for twitter and sharper than knives going to delaware court
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where it may charter possibility, he could end up owning twitter even though he doesn't want it. >> reporter: game of thrones describe but it this that musk could force $40 million to negotiate a lower price. or he could get out of the breakup fee but lawyers i spoke to said it is a high bar to clear and twitter might have the upper hand at it comes down to the data where he admitted in the filings that he didn't have time to look through them. stuart: that is not looking good. more vulnerable democrats are distancing themselves from president biden ahead of the midterms. aishah hasnie, what are democrats saying? >> reporter: here on the hill the senate democrats, specifically those running for reelection, vulnerable
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democrats are not hot on this idea anytime any reporter brings up why aren't you campaigning with the president distancing themselves from the president coming to their home state and campaigning with them as the president is trying to fight back doubts the democrats don't support him and it centers around this recent new york times poll revealing 64% of democrats would rather have a different candidate than biden in 2024, not a good look for him so last night at a white house garden party the president tried to push back telling reporter, quote, they want me to run and referenced the same poll showing 92% of democrats would vote for him but only if the choice were between him and donald trump so it doesn't mean democrats want him to run. senate democrats in swing
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states don't seem to be in a hurry to campaign with biden. ohio democratic senate candidate tim ryan didn't appear with him when visiting cleveland a few weeks ago. georgia senator rafael warnock doesn't plan their schedule. mark kelly told reporters he hasn't thought about it yet and catherine cortez masto told me this when i asked why she hasn't invited the president to nevada yet. >> the president is always welcome in nevada but let me just say my focus is on as i run for reelection in my state it is the issue nevadans care about. >> reporter: you saw her pivoting to what she is focused on in this is serious calculus for democrats to consider, the most recent new york times siena poll reveals practically a dead heat for democrats and
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republicans trying to take control of congress. stuart: thank you very much. i have a headline for you. biden should know better, no more stimulus. that is in the washington post. sandra smith is with me. that piece says the american rescue plan was a failure, too much money pumped into the economy. my question, do we get any of the build back better program? >> reporter: manchin put out a statement that this is cause for great concern, no matter what spending aspirations congress may have anyone who visits grocery store or gas station, cannot have it add more fuel to the fire, he did not mention reconciliation directly. if negotiations with schumer on deficit reduction and taxes, democrats are talking about tax hikes to pay for this but this
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is an obvious sign of a president not only not acknowledging the problem but what has caused the problem but he called the idea of the american rescue plan cost inflation bazaar. it is not. stuart: the president and the party have four months to get something through congress to buy some votes and spend some money. >> washington post changed their tune, biden should know better no more stimulus but the acknowledgment in the piece is many economists from democratic administrations have been morning this was coming for quite some time. larry summers and others and the warnings should at least be considered after ignoring them all this time that larry summers's suggestion of millions of americans losing their jobs to bring inflation down, we've got to this point,
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it spirals so out-of-control there has to be real short-term pain inflicted on the american public just to bring prices down. his suggestion, his forecast i should say, to bring down inflation, the unemployment rate, 5% for years, short-term pain or long-term pain. stuart: how does that turn up in the election? >> nobody wants to deal with this. we are about to see a federal reserve commit to a 75 basis point hike. there is 100% probability of that, now there's talk about a fall point. what does that do to housing affordability? stuart: i've got a suggestion, see if you can get joe manchin on your show?
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that would be a groundbreaker. america reports, 1:00 pm eastern, you are on that show. >> we will have the newsmakers covering the news. stuart: cvs has advice for those struggling with inflation. >> also some other big decisions you can make. you could say i was going to buy something big and maybe i won't do that now. i was going to move out of my parents house, maybe i won't do that until i get my reserves built up a little bit. it is important to try to make these changes while we can. stuart: watch out, inflation will keep the kids at home forever. you have children. >> i got three. if they were told they had to stay at home forever i don't think they would appreciate it but at least there's no mean tweets anymore. maybe they would be comfortable. stuart: we have a tradition in england, 18, out. don't know if inflation has changed that. i really don't know.
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the president of mexico says drivers going to mexico to get cheaper gas. watch this. >> a lot of drivers going to mexico to the mexican border to get their gasoline. stuart: it is embarrassing but the president of mexico is inviting more americans to come for cheap gas in mexico because they know it is expensive in america. oil producers calling out president biden for traveling to saudi arabia but refusing to visit production sites in america. live report from one of those facilities in america next. ♪♪ ♪♪
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stuart: president biden heads to saudi arabia in a few days. he wants more loyal, refused to diss visit domestic drilling
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sites despite advice from producers. kelly o'grady at a facility the president declined to visit. what are they telling you? >> reporter: they are not sure why the administration is looking to saudi arabia when they don't abide by our environmental standards and national security issues. i met midway sunset oilfield in california. what we are finding is oil produced under the greenest restrictions in the world. the oil is extracted and coaster a process to separate the water and gas. not only is it carefully recycled back into the earth but the gas is burned in a way to prevent harmful methane gas emissions. a place like saudi arabia not only doesn't follow them but follows a different philosophy regarding human rights. >> slave labor, treatment of women in particular and lack of
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environmental stewardship is pretty outrageous in most places. you are in control of things in your own backyard. you are not in control of things in third world countries. >> reporter: the other dynamic, the importance to the community, well-paying american jobs, invest money into the economy and it is hard to miss the direct impact on families. >> there is a community here that is so dependent on producing oil, my wife, a teacher, depends on it. >> reporter: you can feel that here, leading the push for renewables, it is important to remember the earth is a global resource, drill in the saudi arabia, worse environmental consequences for us all the president goes over there, the sentiment here is why turn your back on america when you could be investing in families at home. stuart: what is the yellow thing on your hat?
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>> this actually detects our gas, you don't want to be breathing in that, it goes off and you back away slowly. we never run on an oilfield. stuart: the president of mexico took aim at america's high gas prices. take us through it again. ashley: he says americans dealing with high gas prices are always welcome to drive across the border into mexico to save money on fuel. how much cheaper is it? $3.12 a gallon a gallon. here's what the mexican president had to say. take a listen. >> we've decided, to allow americans to live close to the border. on the mexican side at lower
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prices. going to the mexican border. to get their gasoline. ashley: i am sure that is officially true in california. you jump on i 5, go to tijuana, gas in california $6 a gallon, double what you can get across the border. mexico is another black eye undergoing fire for its energy policies. come down here for cheap gas. i call that embarrassing for the president. stuart: to this one again, bmw, $16 a month to use the heated front seats, part of us discussion plan.
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this equipment is in the car, to turn it on and get heat you've got to pay extra. >> i don't understand why they are doing this. it is a bad pr move. they could probably if they needed more money raise the price of the car by one thousand dollars and nobody would bat an eye. they will sell a premium product to a consumer and nickel and dime that consumer by charging extra features which is insane. stuart: you could charge for all kinds of features, rolling up the steering wheel, cruise control, $12 for the steering wheel, $18 for the seat. >> preece and you are at one hundred dollars a month. we want don't think you could do that in america. back to the market, show me the dow 30, giving an idea how the market is shaping up this day. a lot of selling going on, i see only 5 winners out of 30 dow stocks and the dow is down
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250 points. president biden heads to saudi arabia friday, what if anything will the president get out of the saudis? we deal with that after this. ♪♪ we can work it out ♪♪ we can work it out ♪♪ ♪♪ she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. dad, when is the future? um, oh wow. um, the future is, uh, what's ahead of us.
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stuart: president biden arrived in israel this morning, he will make his way to saudi arabia friday. doctor off med -- what will america get from the saudis, want to guess? >> great question. i think the economist captured it best as it described president biden's aimless tour of the middle east region. the answer is pretty limited. if anything, this is going to be acknowledgment of the new middle east, left behind following the abraham accord, by donald trump and jared kushner where many agreements are ongoing between israel and saudi arabia, and significant
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empowerment of belligerent and bellicose expansion. that will become apparent. stuart: what do saudi's get from america? >> what the saudis may be -- fractured relationships with the united states, they are being courted to engage with israel like the abraham accords but that is the long-term goal. the saudis would like to be expanding their defense agreements and contracts with the united states and israel in joint aerial integrated defense system. stuart: a lot of opportunity for something positive, closer relationship, saudi arabia, israel, golf states, united states, combined against iran. i would think that was a positive. >> that the positive but it is
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already occurring without the engagement of president biden. the ground for that was laid in the obama doctrine years which favored iran over the sunni arab states and when president biden is visiting in saudi arabia the region remembers him endorsing the supremacy of iran over the sunni arab world, they remember the iran deal because the memories are very long in the middle east so this positive develop into the region you identify correctly are already there and flourishing as we see with trade and security agreements already. it will be interesting to see how the events unfold in the coming days. we want will the saudis produce more oil for america? >> they are already pumping out 650,000 barrels daily additional. they are not going to be separated from russia. that is the key.
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many of the golf nations, saudi arabia as the kingpin, russia, they will not be separated from that, they will not be isolating russia from that agreement but not enough refining capacity in the united states to deal with this, saudi arabia, kuwait and others in the region are expanding their refining capacity and probably not be able to meet the demand to lower significantly. stuart: great expectations not. great to see you again. it is wednesday and that means it is 11:fifty five. here's the trivia question, it is a good one, they are all good. how long does human hair grow on average per year? 6 inches, 9 inches, 1 foot? 1 foot 3? we will see if mark and ash will hazard a guess after this.
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stuart: all right. here we go. how long does human hair grow on average per year. mark, you guess first. >> four clips tell me they take off 3/4 of every time. yes i go to sports clips. i will go with nine inches. stuart: ashley, where are you at? >> these are monthly reads from my hair. i would, go with number one. stuart: six inches. i will actually go with one foot. i think that human hair can grow
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that much. ashley is right, only six inches. that's it. here is the blurb. they believe hair goes quicker in the summer due to increased exposure to uv rays, dietary changes, shift in hormones. >> yeah. there you go. stuart: you leave my hormones alone, sports fan. that was cool stuff. thank you very much indeed. thank you, neil. neil: you know hair salons, hair replacing rate is double some of these other numbers we're looking at. barbershop quoted price i think is about 20% year-over-year. that doesn't seem possible but i guess it is. stuart: neil, you had fun at my expense. i know i have very little hair. get on with my show. neil: i think you look fine. they didn't say anything about my toupee prices. there you go. inflation is front and center we're back at levels we haven't

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