tv Varney Company FOX Business October 27, 2022 11:00am-12:00pm EDT
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100 tonight, apple and amazon, and that'll be two more where earnings and sales have decelerated, and now we'll see whether they have anything decent to see going forward. >> focus on less government spending, less taxes and regulation. most americans know joe biden's economy is a very cruel one. >> markets always rally after midterms no matter who wins just because you have clarity. if you have a republican congress and a democrat white house, over the next 12 months you have an average 14% gain. >> i think that a lot of people are not nostalgic for a time when they didn't have the concerns they have. i think they're experiencing a cowmplet couragement of a leadership at the white house that seems divorced from reality. ♪ still like that old time rock and roll. ♪ that kind of music just soothes my soul. ♪ i reminisce -- stuart: bob seger, i like that. ing that is new york city. doesn't it look good?
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all right. it's october -- thursday, october 27th. here we go. the dow is now up 396, almost 400 points, a 100-point drop for the nasdaq. most of that is accounted for by the big crop in meta, down about 19, 20%. huge. now, tell me concern show me big tech. there you have meta, it's down 22%, right at $100 a share. all the other big techs are down including apple which reports late this afternoon, and one other one, amazon, they too come out late this afternoon. all of them down. the 10-year treasury yield belo. that's interesting. 3.93%. i would have thought that big tech would have done a bit better after that but, no, it's down well below 4% yield. all right, folks, now this. twelve days to the midterms, and you can tell there's some desperation in the air. the democrats see the polling trend, and they know they're
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losing ground. it's very late in the game, so why not throw a hail mary and hope that voters forget two years of bad policy? believe it orbit, speaker pelosi now wants the democrats to be the party of public safety. in a letter to colleagues, the speaker says our house majority if has taken strong to honor our men and women in blue. end quote. this kind of last minute turn-around makes your head spin. the democrats own the defund police movement, they own the anti-police rhetoric that's ruined our big cities. 9 you can't fix the problem that you created with a letter. in new york, same thing. a last ditch effort by the governor to address the crime during a bruising debate with republican challenger leen. governor hochul talking about crime said i don't know why that's so important to you. cue the eye roll. new yorkers have been seeing violent crime splashed across their screens for months, so now 36 hours after the debate and 12
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days til the election, governor hochul goes on camera to say that, quote, statistically new york is the safest big city in america. tell that to scared-stiff new yorkers. the democrats now realize that climate change, crt, gender preference for young children, voting rights and abortion are not high on the list of voter concerns. too late. no amount of last minute spin could change the public's perception of policy failure on crime and inflation. third hour of "varney" starts right now. ♪ ♪ stuart: david avella joins me now. will this last minute spin change any minds? >> stuart, here's what i can tell you based off your take the, i am going to work the next 12 days to make sure you and lauren get tickets to speaker
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pelosi's final election as speaker. it's going to be historic. i mean, think about it, she's the only individual in u.s. history who has twice gained a majority and lost a majority for her party. not once, but twice. and that's because every time democrats take majority, they act like looters at a riot. they take away people's ability to feel safe, they take away people's economic security, they take away a secure border. in every area that americans care about, you have democrats that want to take away the very way of life americans have grown accustomed to and made us the envin to -- envy of the world. and that's why you will see on election might the speaker once again be unceremoniously removed. stuart: you think you might be a little overconfident? what are you seeing in the polls that makes you say, ah, speaker pelosi is out, we're going to sweep the congress? what do you see in the polls? you've got internal polls.
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what are you seeing? >> what your seeing is a move by independents to come towards republicans. and every time a majority has been gained whether it's republican or democrats, the party that took control won independents by double digits, which is where republicans are now. if you look across the country at voter registration, in every key state republicans are outregistering democrats. in turnout across the country, you see the enthusiasm with republicans that you don't see democrats at the same level. the key, stuart, is gaining majorities in 12 days we need to govern the way we got elected, which means republicans in congress need to focus on the crime issue and the economic issues and the energy issues and the immigration issues that got us elected, and there's a lot of this talk about all these investigations that need to be done and impeachment needs to be
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done about, on the president. no, what we needed to do is help make americans' lives better. and if mccarthy and mcconnell focus on that, we set ourselves up for generational majorities. stuart: look, the republicans want tax cuts and spending cuts. "the new york times" says that will not reduce inflation. what's your 30-second response to that? [laughter] >> i'm not sure "the new york times" has ever been right on an economic issue. we ought to go with policies that have actually worked. and when the markets and when americans know hair axes are going to be -- their taxes are going to be lower and regulations are going to be lower, our economy always booms. stuart: got it. david avella, thank you very much for being with us. i'll talk to the new york times later about what you said. [laughter] >> very good. ooh. stuart: back to the markets, please, because we've got that rally going for the dow at least, 400 points up. got it. david have siewz key joins me now. have we had enough pain to make ped back off from rapid rate
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increases -- the fed? >> good morning, stuart. i don't believe that we have seen enough pain because we've not seen enough of jerome powell's talking points come to pass yet. it is interesting though that just yesterday two very specific things happened that were interesting. one is that the 3-year and the 10-year treasury inverted. powell specifically pays most attention to that. not necessarily the 2 and 10, but the 3 and 10. so that could be, you know, a potentially dovish type of a thing developing. if also the bank of canada, which if you read how they hook at things, they were supposed to raise .75, and they actually just raised yesterday .5. so maybe this could be signaling of a pause that could be coming in the federal reserve. stuart: well, that's a positive. >> i know this much -- yeah. well, the fed certainly knows how to, the central banks know how to pause, how to go backwards. but the real question is have we done enough to get down to the,
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quote-unquote, 2% inflation that we're going for, and have we got to a terminal fed funds rate that's going to be consistent with jerome powell's thesis. we are a long way off from that. stuart: what happens to the market if the republicans sweep congress two weeks from now? >> well, i think that we're seeing the rally today as a result of some of those ideas being priced in right now. just like your last guest shared, there's typically a rally that follows these midterm elections. and specifically, times we go from, you know, where one party has clear understanding where they're going and maybe it's not as positive for the nation, and then we get a mixed bag. obviously, the president would still have veto power, so it's not an all-in republican agenda at this time, but it's going to be long lasting because of all the economic headwinds that we've got coming at us right now. if the republicans get it, this would be, obviously, a nice change of pace, get the nice upside in the market, but here's
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the reality, you know, what goes up ultimately does come down. and we have big credit issues that we're facing, geopolitical challenges. recessions are one thing but a global recession? this is very unique. and, ultimately are, we could be looking at this series of time as the great global reset specifically because debt is changing and the consumer is getting a lot weaker than we've seen in the past. stuart: last one. are there any of the big tech stocks that have been so hugely beaten down, is there any single one of them that you would buy? >> well, institute -- stuart, i'm a big fan of the home hometown team, moth. i think we're allocating to some of our portfolio -- microsoft. i colike them hong term, but we are cautiously optimistic begin kind of where we are and how choppy -- good news on microsoft, maybe. stuart: i'm scared to death, it's just dropped below $2305
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share, down -- 230 a share. down another 1.2%. david, thanks for being here, always a pleasure. see you again later. >> thank you, stuart. stuart: i want to start looking at the movers with paypal. lauren: it looks like they reinstated that policy where you could be fined $2500 each time you violate their user agreement. and they think you spread information -- misinformation, false or inaccurate information. so they included wording in a new agreement that they posted online that basically says you're going to get slapped with $a 2500 if you post misinformation. so you have here a private company deciding to take your money if you with say something that they disagree with. stuart: i don't find that very attractive. haarp lauren no. they didn't lay out specifics, but remember we did this story a few weeks ago, and they said, oh, it was our mistake, it was our mistake, when they saw the
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backlash. but it looks like they're quietly putting the policy out again. maybe it was their original intention. we're calling them out on it. stuart: mcdonald's, i think they're at a 2-month high? >> 266 is the 2 the-month high. really solid comp sales globally, up more than 9%. look, they're charging more, but they're still a value, so people continue to go in. good traffic numbers because we're all battling inflation. stuart: o'reilly, an auto e parts retailer. >> yes. they hit a new annual high, up 4%. same-store sales rose more than 7%. it's hard to get a car, so you fix one you already have. dig demand for if -- for their products and they're opening up new stores. rah. lauren: they hit 819. might be an all-time high. stuart: a former executive for levis, the jeans people, are refused a $1 million severance package so that she could speak out about woke politics.
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that's exactly what she's going to do when she joins me shortly. prince harry released the name of his tell-all memoir. it's got critics, excuse me, rolling their eyes. we'll show you the cover. california's governor newsom taking a page out of the president's book. he's blaming profitable oil companies for the high gas prices in california. what about bad policy? leo terrell on that next. ♪ -- put the blame on me, you can put the blame on me. ♪ you can put the the blame on me, you can put the blame on me ♪ ♪ what will you do? ♪ what will you change?
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♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us. then i got the dexcom g6. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2. that's a huge victory.
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♪ stuart: that's london, by the way. that's what you're looking at. and we're playing cry me a river for a reason -- [laughter] we're playing that song because prince harry just released the name of his new memoir, and i believe that song has got something to do with it. lauren: the name, spare -- stuart: oh, yeah? >> a play on the phrase, he's not heir to throne. penguin random house says this memoir will be full of raw, unpublishing honesty and insight, revelation, self-examination. [inaudible conversations] lauren: how far does he go? the royal family tried to pull some of that back. they delayed the book. so we now know it's coming out on january 10th. but, you know, what exactly is going to be in it? it's supposed to be an inspiration -- stuart: he better not insult his dead grandmother. lauren: that sells. that sells.
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we don't know how much he's getting paid, but everything -- stuart: yeah, it may sell, and a disgrace, and i hope he never sets boot in britain again. california, you can have him. lauren: you won't read it no matter that? stuart: of course not. i won't put a dime in that man's pocket. lauren: what if someone gave you a book? stuart: switching gears -- lauren: i like the enthusiasm. i like the boycott of harry. of -- i'll read it. stuart: carbon emissions down 20% in to 20. that was during the pandemic. lauren: nobody was on road, nobody was doing anything. i remember actually when we went to start the car because we haven't driven in so long, it was like -- [background sounds] remember that? stuart: i remember. lauren: california is now saying, yes, our carbon emissions fell 9% in 2020, and it is a similar story
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nationwide, but the officials are cautioning don't, you know, this is not a marker for success. it's because of the pandemic, and that was an abnormality. stuart: i think that's bloody obvious, but there you go. lauren: from the if common sense department of the varney and co. team. [laughter] stuart: the golf of california -- governor of california ripped into valero for record or profits. v.a. valero made $2.8 billion between july and september, that is a 500% profit increase. meanwhile, californians are paying the highest gas prices in the country, $5.64 per gallon as of right now. come on in, leoer the april -- lee owe terrell. you're in los angeles. do you think the governor should be taxing the awful profits of big oil companies? >> first of all, the governor who will never be become president, stuart. thanks for having me. heath now playing politics with oil. he's going to have a special session of the legislature to talk about a windfall tax
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profit. it'll never happen. it's his goal to try to distract from the fact that california has the highest gas prices, california declared war on the oil refineries, they do not want oil in this state. and, therefore, we have a problem because, essentially, he's trying to divert from his lack of energy supply in california regardless of oil. it's a smoke and mirror game, stuart. stuart: why do you think it will never happen? i mean, californians have never met a tax they didn't like. >> they need a two-thirds majority in both statehouses. they're not going to get that. they have try tried this over and over again. it's not even in his interest to do it. it's a talking point because these third quarter profits coincide with the midterms. 9 and throughout the entire program, the democrats are disconnected from what people are concerned with. they're not blaming big oil, they're blaming the democratic climate control policy, the green new deal, and all these
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high prices is a reflection of the disconnect between losing oil energy independence and the democratic green deal policy. stuart: if they, if governor newsom objects to the, what, 40, 50, 60% profit margins for some oil companies, why doesn't he object to the 70, 80, 90% profit margins at some big tech companies many northern california? >> because he, because governor newsom, stuart, is in the business of picking winners and losers. big tech is in their back pocket. that is the heart and soul of the democratic party. democratic party do not want oil in this country. they want us to buy into the argument that this country is going to go green in the next 10 or 15 years. it's never going to happen. you know that, i know it. but it's talking points, it's democratic talking points. this guy is basically kowtowing to those who are going to put money in his coffers to run for the presidency in 2024. save this tape, he will never
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become president. [laughter] stuart: i've said it so many times myself. last one real fast. you follow politics very, very closely in california. have you seen a rise in the support for republican candidates on a local level? have you seen it in california? >> yes. and i'll tell you where it is, stu, it's on the city council, school district. this is a national wide rebellion against democrats who used to control policies on school issues and local council matters. no longer. wills a red wave. it's small -- there is a red wave. it's small in california, but it's building, and that's the start. stuart: we love to hear it. thanks, lee -- leo. >> thank you, stu. stuart: back to the markets, please, why not? we've got the dow up 378 points, nasdaq's only down 74. kind of a mixed picture here, but the dow is up to 32,200.
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show me boeing, please. they think that china's going to double its commercial plane fleet over the next two decades. that comes out to 8400 new planes worth $1.5 trillion. the assumption is that boeing will be supplying some of them. china doubling down on the zero covid policy. cities from central china like wuhan all the way up to the northwest of the country, they are being locked down again. they even closed up kind versal studios in beijing again. this looks like something out of a nightmare. a drone drops off a robot attack dog armed with machine gun. the video was posted on a chinese social media site by a page that's affiliated with a chinese military defense contractor. they say this robot dog can be dropped off behind enemy lines for surprise attacks on weak links. lauren, what do you think about this robot murder dog? any opinion? lauren: no. no opinion. stuart: okay.
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[laughter] lauren: who did that? stuart: the chinese. lauren: oh, gosh. that's kind of scary, actually. stuart: the reto bot -- look at that. lauren: it looks like a bug. stuart: warfare is changing. thanks, lauren. now this, elderly people are not the only ones getting tricked into losing money on the internet. kids and teens lost millions through online scrams -- scams last year. we're going to tell you about it. latina and longtime democrat says she's voting republican this year. she's a school choice advocate and says democrats only care about politics, not what's in the kids' best interests. her name is v -- valeria, and she joins me next. ♪ ♪ changes, turn and face the strange ♪
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show me big tech, why not? man, are they urn pressure. there's been bad news for weeks, and it's bad news today. apple reports this afternoon. walking up to that report they're down $3, 2%. and all the other big techs are down today. let's bring in susan, as in susan li from cupertino, california, the home of apple, of course. i know you're there for the big event. everyone's watching iphone sales today, is that right? susan: that's right. you only get three weeks on this report card, so guidance is key. and especially in light of the numerous reports that we've gotten about apple cutting their iphone 14 production. so what is the guidance forward, especially key into the holiday shopping period which, as you know, is when apple sells the most iphones of the year. it's being called a seminal if report card by wall street here, stu, and that's because analysts want to see how well the world's biggest company is holding up in light of the tech wreck we've seen this week. also we'll get indications as to how well supply chain is
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recovering and moving especially into the holiday shopping and shipping period as well. how's the u.s. consumer and, of course, that strong dollar impact which is hurting everybody, and that that does include microsoft. also important to to note is that we are expecting profits to actually go up from from last year. not much, just 2.5%, but still that's positive. sales should jump about 7%. and i also want to show you the mix here in the sales because, you know, there have been reports and there are confirmations that, of course, apple's raising their services for apple tv +up to 6.99 a month. services now make up more than 50% of iphone sales per quarter. 25% of their revenue each and every year. and, of course, if you talk about slowing, possible saturation, an iphone 14 sales, you're going to need to depend on something else, and that could be the content. and, of course, charging customers a little more for that. i'll be teaking to ceo tim -- speaking to ceo tim cook, i'll
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bring you that exclusive con. tent later on. stuart: i'd be intrigued to hear about how he's navigating the difficulty of china and transferring iphone production to india. i'd be very entered in that -- susan: yeah, that will be part of my key and also just the strength in the global economy as a whole. stuart: susan, thanks very much. we will see you again shortly. we've got a new report and it shows kids lost, children, kids, lost $101 million to online hackers last year. how are children losing all that money? i thought they were supposed to be, you know, tech-savvy? lauren: they are. but the scammers are just aztec-savvy. and there are many point9 of entry, and kids are overconfident news baer on their devices all the time. last year according to the fbi, it's an 1100% increase in just four years. stuart: so that's the parents' money, basically.
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lauren: it's like teenager, so they work for their money too. stuart: what's the scam? lauren: there's a wunsch of them. what's not the scam, is the question. folks over the age of 60 lost $1.7 billion. stuart: oh. lauren: because of online scammers. i see them all the time. there's some tricks you always have to look at the exact address of the person sending you the e-mail because the e-mail looks legit, but you can tell there's something just off. a ton of things you need to look at. we're on our devices all the time, so the scammers are trying to get us all the time. stuart: us old folks, we take it on the chin every time. thanks, lauren. joining us now, a a latina who has switched parties. valeria, why did you switch? >> hi. thank you for having me. i think my community has been left behind by the democrats.
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they have of make a lot of promises to us but underdeliver. and, you know, i'm personally tired of hearing all that. education is prominent issue in my community. perhaps all the reports are showing the latinos want to have quality access to education, and the school choice is an issue that they care about. i have not seen them take us seriously when it comes to even quality education and leaving our community behind over and over. stuart: during the pandemic and the lockdown, all the rest of it, how did charter schools, religious schools, private schools, voucher systems, how did they perform? did they manage to stay open and teach the kids? >> well, it depend -- every state was different. in states like florida, they remained open. you're seeing the nape scores are actually better for the states that remained open. but in states like nevada, they forced all the schools to close
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including private schools. stuart: but you want to -- facebook -- [inaudible conversations] >> -- in states like mine, the results were not good. stuart: can i just ask you, what is your stance on border? >> can on the border? i i think that is for my community essentially one of the things that we really care and want to see is the economy, quality of education. so i don't think -- i think the republicans, like, are doing a better job on those issues, and i think that's where you're seeing 13% of hispanics actually coming to the republican party because we came to this country to work hard, to want better for our kids, and we want our kids to be able to have access to quality education and school choice is one of the issues that we care about. so i don't know much about the border. i don't have really a great answer for that, but i will tell you that families, latino students want their kids to do
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better. we came to this country because we're hard working, and we love this country as well. so i think that you're seeing more latinos coming to the republican party because it matches, you know, our values and, essentially, the few article that came out a few days ago shows latinos care about the economy 80% and 70% education. stuart: have you lost can have in the public schools? >> completely. i'm just tired of hearing the same, we're gonna fix the state of education and not seeing any changes. i actually work for the teachers' union thinking that we can do better, that we can help the teachers. it was very naive of me to think that we're going to bring the changes. i think that the only change that this country needs -- stuart: wait a second, you used to work for the teachers' union, and you left it and you switched. >> i did. stuart: do you blame the
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teachers' union for what ails and troubles the public schools? >> i do. the only solutions that they have is to increase taxes. and that's not the only solution. the solution is school choice. families, we need to give the power to the parents, back to them. they know what is best for their kids can, and every child learns different. when it comes to the hispanic community, their support is 77-83% on school choice, but they don't listen. so i lost faith completely. it's all about politics and it's not about kids. it's not about the children. and the nape scores are showing that we just lost decades of learning. stuart: yeah. >> and what is the answers to that? like, so our kids want to have a seat ott at the table, and essentially we're saying,, no, you don't have it. if you're not born in a wealthy community and you go to a failing public school, you have to stay there. so that's not fair. i think we need to give fair chances to our children so that they're able to succeed.
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i'm proof of the american dream. i was also stuck in a failing public school, but i had to fight really, really hard to get my education in this country. and i want more children to have access to that. stuart: well done. >> only 90% of hispanics are able to access to careers and to universities and to have a fair shot at the american dream. and the american dream, promise is broken without quality education. stuart: you're right. school choice is where it's at. that's my opinion and yours too, i think. valeria, thank thanks very much for joining us. >> thank you. stuart: taylor swift, uh-oh, caving to the woke mob? if she edited her new music video after critics called her fat-phobic. we'll are report. circle k gas stations want to become a one-stop shop for cigarettes, lotto tickets and marijuana. the concept rolls out in florida next year. phil keating has the story next. ♪ ♪ i spoke two scwoinlts at
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♪ ♪ ♪ turning red. lauren: the swift. stuart: the taylor swift, no less. you're looking at miami where with it's 81 degrees. not bad at all. by the way, donald trump just announced a rally in miami, wait for it, with senator marco rubio, november the 6th. that's two days before election day. right now real clear politics' average has rubio polling 7 points ahead of his competitor, democrat val demings. governor ron desantis is not expected to be at the trump rally even though he's also up for re-election. still in florida, how about this one? some circle k gas stations will start selling marijuana next
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year. phil keating's with us. is this -- this is just medical marijuana, right, phil? >> reporter: that is correct. it's entirely medical. you know, states like florida which only allow for medical marijuana, not full-on legal weed, that's where this is going to be a pilot project by green thumb industries base out of chicago and quebec-based circle k convenience stores like this one. so imagine the future here. you can go pump up your car with gas, go inside, buy your9 lotto tickets, your sodas and then walk right next door to the same building and get your prescribed pot. that's the plan if and the vision of green thumb industries, and its partner, the circle k convenience store chain. two separate doors, one for snacks, lotto tickets, cigarettes. right next door, high quality cannabis. the dispensaries are named rise which already have locations in florida.
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those with the state medical marijuana card simply walk in, get their product and leave. very simple. vladimir did that. he recently was in a bad accident and had the option of prescription pain pills or pot. so he chose to pot. and he thinks the convenience store match-up is a great idea. >> it's, it should be access. i why shouldn't it be? tobacco's accessible, alcohol is accessible. weed should be probably at the same level. >> reporter: so the states that do not have any form of legal marijuana are now mt. minority -- in the minority these days. all of the states you see there in yellow and green, they allow medical pot use. that's 31 states. the states in yellow have full legality to smoke pot, rexal -- recreationally, if for whatever reason. the founder of green thumb
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thinks the just say no days are long gone. the opening of rise express stores at circle k locations is a game-changer. convenience is a strong channel in retail, and people want more access to cannabis. so in a few months there's going to be ten hybrid circle cay stores opening in the state of florida. so sometime early next year, it's obviously a pilot program, they'll see how it goes. but it's a partnership they think is a pretty smart idea. the caveat, of course, is -- at least in florida -- you do have to have a are there's prescription -- doctor's prescription to get your state-sanctioned medical marijuana card first. stuart: got it. thanks, phil. mr. keating, see you later. by the way, two cannabis companies in california are under fire for not getting people high enough. a class action lawsuit filed against dreamfields brands and
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med for america. the suit claims the companies' advertised products which much higher thc levels than they actually claimed. fox news has reach out to both company. and now former levis strauss executive jennifer sey is paying a very high price for free speech. she joins me next. ♪ -- don't wake me, don't wake me up ♪
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stuart: okay. taylor swift's new album is called midnights, breaking records. however, her latest music video getting heavy criticism. what's this about taylor swift being fat-phobic? lauren: yeah, well -- i don't even know where to begin. the video for her new album is anti-hero, you're looking at it. you see taylor swift on money side and her conscience telling her she's fat when she steps on the video. the original video said the word fat, and critics came out and said you can't be fat or have issues being fat because you're skinny. but taylor swift is an artist x
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she has the right to have a viewpoint or interpretation. anyway, apple music and yaw talking about edited out that fat part. so you don't see fat when she steps on the scale because of all the controversy that this caused. stuart: so that's all they've done, just the fat bit out, that's it. lauren: yeah. i really feel bad for taylor swift here. stuart: why? lauren: she had her struggles with an eating disorder. stuart: well, she shouldn't have caved, right? lauren: well, half-caved. edited on some versions, not all. you have to think of everybody when you're designing and creating -- stuart: yeah, and you end up with immediate yo i don't careli don't care arelity. lauren: it's like the cancel culture. stuart: i'm going to move on. our next guest was on track to become the next ceo of levis, you know, the jeans peoplesome but schoen -- then she spoke up
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about school closures. she was offered a million bucks to stop talking about the issue, she turned it down so she could speak freely. jennifer sey is with me now. first off, jennifer, congratulations on doing the right thing, in my personal opinion. how tell me how -- now tell me how the woke mob took over levis. >> i think it's happening more broadly than just at levis. business is always as it has been, it's about making money. and that's okay. and anyone who challenges the narrative that business is in it to change the world and to drive a social justice point of view and to protect people and save people, anyone if who challenges that narrative is banished. can that's what happened to me. but, you know, if i could offer some real facts here -- stuart: please. >> you know, levis has aggressively taken these social justice stances. ceos across the country want to be known as do-gooders.
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it's not enough to be really rich are. but during covid levis laid off close to a thousand people, and during that tame time frame -- and that's understandable. the business with us incredibly challenged. a huge percentage of our stores were closed, maybe that was necessary. but during the same time frame, the ceo collected over $40 million in stock payouts. now, the real socially just thing to do would have been to find a way to have those employees keep their jobs. stuart: fair enough. >> that's what i mean by it's a stance, it's a pose. stuart: may i ask what you're doing now? my question is, have you been forced out of the executive suite everywhere? >> oh, that's a great question. i don't know yet. honestly, in the days after my resignation -- and i did resign. of you know, i was told there was not a place for me, and i decided to quit on my own terms because i didn't want to sign an nda, i wanted to be able to talk about what happened because i think it's wrong. i did get a bunch of calls in
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the aftermath. i i am really interested right now in a corporate leadership role. i wrote this book, which obviously took a lot of time and energy over the summer. it's coming out in two weeks, and i am making a documentary film. stuart: it occurs many toe -- to me to ask, the woke mob will come after you all over again for writing this book, won't they many. >> sure. they are already, but they can't take anything from me, i don't have a job. i get to say what i want. [laughter] stuart: and you lost -- well, you can't lose, but with you turned down a million dollar dollars so you could speak to people like me. >> yeah, e yeah, that's correct9. i felt, you know, my stance and what i was pushing back on was school closures. i was concerned about children. but as i i was being told that i needed to be quiet, i became more and more concerned about the silencing. so that's what i wantedded on
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able to talk about, and that's why i didn't seen an nda. stuart: jennifer sey, we think you're great, and we hope your book is a wild success. send me a women and -- copy and i'll read it. blood test -- best of luck to you. of. >> thank you for having me. stuart: trivia question, good one again. who was the first president born west of the mississippi river? the answer after this. ♪ ♪ . .
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stuart: all right, who was the first president born west of the mississippi, lauren? warren harding. stuart: i'm saying william mckinley. >> oh. >> the answer is herbert hoover. he was, herbert hoover was born in west branch, iowa, 1874. that is just west of the mississippi. don't forget to send us your "friday feedback". send your videos. don't forget to say you're watching "varney & company," we might president you on tv. >> can't believe it is friday. stuart: is surely is. quite a week with big tech, politics all the rest of us but we've been glad you've been with us. time is up for us. neil, it is yours. neil: stuart, thank you very much for that. we're following a lot of developments, certainly bigges
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