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tv   Varney Company  FOX Business  October 31, 2022 10:00am-11:00am EDT

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♪. stuart: got to be old because i know it. it is thriller. before you put it on the screen, "thriller. we have red ink today. down 250 on the dow. down 130 on the nasdaq. that is stocks. 10-year treasury yield, where is that? it is moving up to 4.05%. oil the mid 80-dollar range, 87. oil, got that at 87. now bitcoin, it has been very stable recently. 19, 20,000 bucks a coin for a few weeks. that is where it is you now. 20,400. now this. from day one the president got energy policy dead wrong. it is costing the democrat as lot of votes and maybe control of congress in next week's elections.
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gas prices do matter. for two years we've been warning if you deliberately cut the supply of fossil fuels energy prices will go straight up. now that that has happened the president is furious. he is angry demanding the excess profits of oil companies be taxed away. he thinks big oil should use more profit to invest in production. what? he spent two years driving oil companies out of business. now he has got lower production, which is what he wanted but wants more production. i don't get it. what a mess. this all goes back to climate change, of course. joe biden wants to be the climate president. he believes climate poses a existential threat to the planet. an assault on american energy industry is entirely justified but those green policies are producing much higher energy prices right before the elections. president obama said votes, voters i should say, really don't like high gas prices. he has been saying that for
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years. president biden is about to learn that lesson. second hour of "varney" just getting started. ♪. stuart: okay, we just restored matt schlapp to our picture. we thought we lost you for a few seconds there. the man is right there all right, matt, the democrats green agenda coming back to haunt them. energy prices soaring going into this winter. looks good for the republicans doesn't it? >> yeah but quite a cost, right, stuart? i think on tuesday we'll see a great american unwokenning. this woke disaster that hit america is nowhere more pernicious when it comes to energy. you said it exactly right. morety of energy policy. the white hat is what they call renewable. no matter what it costs we'll chase it. the problem is if you look at total energy usage, 80% of what
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we use comes from fossil fuels total. if you look at the grid you know all the teslas, electric vehicles we need to use, 60% of that electricity comes from fossil fuels. what will they do to replace that with? stuart: listen to senator rick scott from florida, what he has to say about the senate races. roll tape. >> we'll get 52 plus. herschel walker will win in georgia. we'll keep all 21 of ours. oz will win against fetterman in pennsylvania. adam laxalt will win in nevada. i think we have every reason to pick up blake master in arizona this is our year. the democrats cannot run on anything they have done. people don't like what they have done. stuart: one week to the midterms, matt, senator scott will pick up georgia, pennsylvania, nevada, new hampshire, arizona. would you go that far. >> i would go that far.
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i see senator scott out on the campaign trail. no one is working as hard as he is. the key is adam lags -- laxalt. i leave to go to nevada. he is number one. keep your eyes out of new hampshire they came out of a primary and bolduc is tide. stuart: that is bolduc. 79% of the country say the country is out of control. 21% is out of control. >> they're saying what is out of control? stuart: the country. >> no. i can tell you as i travel around, stuart, that the people are tired of this war on america. they love their country. they don't know why the biden administration is trying to hobble us our economy with green new deal, go after cops, spikes in crime. they can't figure out why the democratic party is not doing anything to help them. look at all the democrats on the sunday shows. there is no agenda to help people who are hurting
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economically to try to stop this crime wave. stuart: got it, matt schlapp. thank you very much. glad we made it. >> thank you, stuart. stuart: a new "cbs poll" predict as red wave in the midterms. ashley, good morning to you. how many house seats are we talking about? reporter: good morning, stu a 15 seat gain, that is the latest "cbs news poll," republicans clock in 228 seats, democrats 207, a 21 seat difference of far begin of error for 12 seats. there are variables to consider of course. the poll says if there is a big turnout of young voters and voters of color, democrats could hold on to the majority by a single seat but an uptick in white voters without college degrees could clinch even bigger win for republicans by 23-197 margin. by the way crime and the economy are polling as top priorities for voters, beating out issues democrats have been emphasizing
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abortion access and protecting decrock sy. it is about the economy stupid, i think bill clinton once famously said. stuart: many years ago, he is still right. top cybersecurity official issues a big warning ahead of the election. what is she saying, ashley? reporter: yes, jen easterly, head of u.s. cybersecurity and "fruck" truck agency she appeared on the the warned about a complex threat environment. >> you have cyber threats. you have insider threats. you have rampant disinformation. yes, very worrying threats of harrassment, intimidation and violence against election officials, polling places and voters. that has to stop. it is unacceptable behavior. it is undemocratic. we all need to work together to insure that this is a safe and secure election. reporter: easterly said, look the agency has no information
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about specific or credible threats to disrupt or compromise the election infrastructure. her comments talk about a intelligence bulletin, warning election officials and public, face a heightened risk of violence. stuart: thank you, ashley. get back to the markets and the economy. goldman says there will be a 75 basis point rate hike wednesday. 50 basis points, december, maybe 25 in january. david bahnsen joins me. if they're right, if goldman is ride, david what will that do to the market? >> it would do something that is exactly what the futures market has been saying. so it isn't just goldman in that camp. the futures are saying there is almost 100% chance of 75 basis points in two days. then another 50 to 75 between the next two meetings. so goldman is just right on consensus and markets are
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expecting that, stuart. stuart: if they did that will that bring down inflation? >> no the fed funds rate right now has nothing to do with inflation. inflation is supply side driven. there is not enough production of goods and their policies are impeding us the economy running at the pace we need and this is not the cost of capital, my friend. stuart: we come to you, strong paying, consistently paying dividend stocks. you have got two today. start with black stone. go through that one for us. >> the reason i want to wray up blackstone if which you and i talked about it really dropped quite a bit. it is interest rate sensitive. they borrow money to pie companies. the stock got down to $80 or so it has come back up into the 90s. at six, 6 1/2% annual dividend yield, this is a tremendous buying opportunity for a company that has now become a trillion dollar powerhouse buying real
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estate, private equity and credit. stuart: thanks to your recommendation i am still in it, david. i thank you very much for that. how about intel, always keep an eye on that. what is the dividend at $28 a share? >> yeah. i mean it is over 5% and you say 28 because it was up, the stock was up over 10% on friday. stuart: yes. >> this is the first time i can remember in a long time that intel's quarterly news causes the stock to go higher. they have been spending a ton of money reinvesting into ohio and arizona to build semiconductor manufacturing. in the meantime their personal computing chip business has been declining. well it kind of picked that up. if a bottom is in place for data center, personal computing, that business is trading nine times earnings, yielding over 5%, wow, you get to buy a call option on the future business endeavor of intel.
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i really like entering intel at this level. stuart: got it. david bahnsen, always good stuff. we appreciate it always. thanks, david. see you soon. susan back in the 10:00 hour. don't tell me, meme stocks? oh, boy. susan: amc up 5.25. this is risk on. this comes off. we're looking at the best october since the 1970s. there are believers that think this bear market is over and that includes morgan stanley calling the end of the bear market in the first three months of next year, 2023. they're saying there are hints that the fed is done tightening after the last one in december in their view. stuart: you want to comment on that? susan: do i want to comment on that? i think there are very strong indications that the economy is dramatically slowing. you saw that with the worst week for a lot of technology shares last week. also you have the slowdown taking place in the housing market which accounts for 20% of the u.s. economy. why are you smirking at me while i'm explaining why that i think there might be a risk on end of
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the year. stuart: you're often unwilling to express an opinion like that, i'm glad you did. i'm glad you did. i think you're right. susan: you think it will be a santa claus rally this year? stuart: i don't know. i'm not going that far. wynn resorts. getting a lift. susan: tillman owns the nba houston rockets, golden nugget qassin that brands, favorite up ga bump restaurants. i'm make that up. win has been hurt by macau's shut down. zero covid policies. the high rollers have not been able to go into their gambling tables. stuart: paramount global. susan: downgraded to underweight at wells fargo. second downgrade by the way in recent months because cord-cutting continues to accelerate. rising costs of sports rights is concerning. neal send said streaming grabbed a bigger audience than broadcast
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and cable, despite the return of the football, nf l&m lb playoffs. look at roku is doing well, outperform of wedbush, $75 in their view. stuart: stream something beating broadcast tv. susan: yeah. i think new reality. doesn't mean that there can't be new winners and existing winners. stuart: got it. thanks, susan. angry liberals tried to cancel luke bryan welcoming governor desantis on stage during a hurricane relief concert. we'll tell you what he had to say. five states are trying to legalize recreational marijuana in next year's elections. there are cautionary stories from states that legalized. william la jeunesse has a story. after being fired from a home improvement chain, bernie marcus
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and went on to build home depot empire. he has a new book out with the life altering moments that led to his success. bernie is next. ♪ as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com
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♪. stuart: that is santana. i knew that. i was stuck in an elevator with him 35, 40 years ago. susan: really? stuart: back in the old days. >> for how long? >> not long. couple minutes. that is new york. looking good today, 58 degrees and kind of nice and sunny. if you like music we play own
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the show, follow us on spotify, search "varney & company" or scan the qr code right now. the markets after about 50 minutes worth of business we come do to the downside. dow is was down 200, now down 80. voters in five states will decide whether to legalize recreational marijuana in next week's elections. william la jeunesse is with us. in los angeles, william, recreational los angeles has been legal, what since 2016. how has it played out? >> not as promised. you know we still have these huge illicit grow operations around the state and the crime and the violence that comes with it, stuart. despite legalization, about 19 states, you still get 80% of the pot here and nationwide comes from illegal growers, not from mexico it but california. you still have organized crime providing the capital. gangs are selling it. chemicals poison wildlife. the water is stolen and the labor is mostly illegal
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immigrants who are paying off their smuggling fee. one sheriff calls it "narco" slavery. >> labor trafficking is becoming part of the equation and you're betting involved in this "narco" slavery where people are forced to cultivate cannabis illegally. they're in deplorable conditions. reporter: so what kept wrong in california? high taxes effectsly killed the golden goose. with so many regulations growers and retailers cannot compete with the black market. marijuana is fully legal in 19 states, illegal in three. the others, some allow medical marijuana but recreational use remain as crime. voters in the five states willfully consider legalizing the drug. here are two points of view? >> makes no sense to me you use
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alcohol, that can kill you from alcohol poisoning more likely cause reckless violent behavior but using cannabis is illegal. >> we reduce demand, not by promoting marijuana's wonders but by actually getting the truth out there about the science and how it is hurting people. reporter: the bottom line, stuart, the hippie generation who pushed this thing a decade or two ago, they thought they would be fighting big pharma. they're still fighting organized crime. the states who saw the huge windfall are taxing the heck out of it. that is actually making the situation worse. back to you. stuart: hey, i'm the hippie generation. don't you forget that, young man, don't you forget it. see you later, maybe. thanks, william. my next guest has a new book, just came out "kick up some dust, less sons on giving back and doing it yourself." bernie marcus is with us, found
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founder of an empire home depot. he is with us now. >> huge empire. stuart: it's a huge empire. it's a wonderful thing. talk about life altering moments. tell me how you refused to pay a bribe to harvard medical school. >> stuart, i wanted to go to medical school in the worst way. i studied it as a kid. i knew every bone in the body, i was a good student and when it came time to get into medical school i was recommended by the dean of our college, rutgers, to harvard and harvard accepted me except they needed $10,000 for me to get in. $10,000, at that time i didn't know it, this is the 1950s, they had a quota system of 10% jews and i didn't know that every university in the united states had the same quota.
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so becoming a doctor was out of the question. my family, if you hung them upside down, my aunts, my uncles, everybody, my friends you couldn't raise 10,000 bucks. so i kind of gave up that dream and started on a new career which came about over a period of time and the book, kind of tells the story how i fell into retailing and actually, stuart, i had been a doctor, i would have been a good doctor i'm sure but i don't think i could have done what i did with home depot. stuart: can you just tell me, maybe briefry, how did you just fall into starting home depot? >> oh, it didn't fall in. i got fired. i was running a company in california called, handy dan. we were owned by a conglomerate. we were a very profitable
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company. we were the only profitable company in this conglomerate and the owner of the conglomerate hated me. he just didn't like me and he drummed up something to get me out and he fired me along with arthur blank, who is my cfo and ron braille, who is our comptroller. all three of us one day came from running a successful business, that was a public company, we're out on our rear ends and that point it was a pretty low time in my life and that is when your buddy ken langone came along. when i told kenny what happened, poor bernie, poor bernie, come on get over your ass, let's build that store you were talking about that would put everybody out of business. kenny followed through.
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he pushed us and we did. we came up with the whole theory of home depot and of course it turned out to be successful. stuart: it did indeed, it did indeed. bernie marcus, this is one book i guarranty i will read from cover to cover. kick up some dust. there you have it. doing it yourself. it was a great pleasure, honor to have you on the show, bernie marcus. i hope you can come back again soon. thank you very much, sir. >> thank you, thank you, pleasuring here. stuart: what a guy. what a guy. susan: great story. stuart: something else again. georgia's governor kemp and democrat challenger stacey abrams squared off for the final debate last night. watch this. >> i did not say nor do i believe in defunding the police. he is lying again. i never said i believe in defunding the police. >> miss abrams on cnn got asked the question would she defund the police, she said yes. stuart: will voters buy abrams
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reversal. we're on it. "the washington post" claims racist tweets have quickly surfaced after elon musk closed his deal to buy twitter. joe concha will take that on next. ♪. ♪ my relationship with my credit cards wasn't good. i got into debt in college and, no matter how much i paid, it followed me everywhere. between the high interest, the fees... i felt trapped. debt, debt, debt. so i broke up with my credit card debt and consolidated it into a low-rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with no fees,
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♪. stuart: all right, the markets show some red ink after one hour's worth of business. the dow is down 160. nasdaq down 160. susan back with me, starting with movers, home depot. >> since we spoke with bernie marcus, start with home depot. that is a 1% decline there because they had their price target cut at city group. citigroup is calling it a 300-dollar stock. morgan stanley is saying 360 for home depot. that is quite a bit of upside, right? mortgage rates at 70% mortgage demand is multidecade lows and housing demand is down sharply. stuart: i would thought that
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would cut into home depot's business, buying fewer homes, renovating fewer homes i thought that would hurt them. big tech on friday? susan: apple had the best day in two years. that news coming from china weighing on apple shares. meta coming off the worst week in history. you were talking with keith fitz meta might get to $50. it is dangerous to short meta at these levels. sub 100, that is price to earning ratio that is single digits. strip out what they're spending on metaverse and oculus, the prime business turns out a lot of cash flow. stuart: i never seen the collapse of such a huge company, stock price so rapidly. they lost 70% of the value. susan: when you're betting $60 billion on moon bet like meta and oculus in these higher rate environments that is dangerous.
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stuart: have we got a self-driving car in the news? susan: this is a interesting story. too simple is being accused of improper ties here, especially improper ties to a chinese firm. there is technology concerns that they are using other peoples patents. we're looking at too simple down 45%. i throw in the other electric car companies, down today, that prices are lower, with the 10-year yields going up 45% the. stuart: i think you're right. senator klobuchar critical of elon musk and his takeover of twitter. safe to say, ashley, she is not happy? reporter: she is not. she says she does not trust elon musk owning twitter and here is what she had to say on nbc's "meet the press." listen. >> if elon musk has said now he will start a content moderation board, that was one good sign but i continue to be concerned about that. i just don't think people should
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be making money off of passing on this stuff that is a bunch of lies. you couldn't do that on your network. reporter: hmmm. the latest data shows the conservative accounts gained thousands of additional followers on twitter in the 24 hours before elon musk took over the company. according to medic can, much of the activity came from fresh accounts. meantime hollywood, oh, no, celebs melting down, singer sara bore relis and shan do grimes, is shedding twittedder. not everyone, believe it or not. rob reiner says people to stay on the platform, tweeting, to preserve our constitutional democracy. that is rob reiner. stu. stuart: i think liberals have lost a mouthpiece. i don't think they like it. >> right. stuart: ashley, back to you shortly, i promise you. general motors are suspending
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paid ads on twitter. kelly o'grady in san francisco. did gm say why, kelly? reporter: they did, stuart. they said they need clarity on what twitter's new direction will be. i want to share a statement with you, they're telling us quote, we're engaging in twitter to understand the direction of the platform under new ownership as normal course of business with a significant change in media platform we temporarily paused our paid advertising. a number of ad agencies are sharing their brands will walk if former president trump is allowed back but critics are highlighting general motors has a substantial presence with the chevy brand on tiktok. they're under investigation for their ties to china and how it uses data. but the big question becomes, what is the new platform going to look like. musk for his part sharing no content moderation have been changed. he walks the thin line promoting free speech and managing government stakeholders. he reached out to the european commission to assuage their concerns that twitter will abide
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by their online content policies. he hinted changes. quote the whole verification process is being revamped right now. he is considering an idea to charge 20 bucks a month for verification. can you believe that, hbo max costs $15. sources say layoff plans are underway. there will be focus on free speech, turning twitter around financially. he will need the government stakeholders to do that. back to you. stuart: kelly, thank you very much indeed. susan is with me. off the wall question, if i may, do you think people would pay 20 bucks a month for vary if i kegs? susan: no. that is too expensive. two or three dollars. you get special privileges with the verification process. people no who you are and will take your direct messages. get back to general motors ending advertising on issue this is competitive issue, given that elon musk owns tesla, not just general motors. fiskar ceo canceled, closed his account on twitter.
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but also goes back to the question why elon musk wanted to buy twitter for $44 billion. general motors and ford spend $2 billion a year on advertising. what does tesla spend? zero. stuart: nothing. susan: all because of elon musk and the traffic and the buzz that he drives through his products are fantastic but also through his own social media feeds as well. so some say that he bought twitter as an extension of his empire. stuart: looks like he did, actually. i see the logic in that. susan: yes, i think so. stuart: good explanation. not heard that before. original stuff. good lord. welcome to the show. susan: thank you, stu, noticing, after five years. stuart: no, did not. headline in "the washington post." quote it, racist tweets quickly surface after musk closes twitter deal. joe concha is with me. has muck opened up pandora's box? is it a free fall at twitter these days? >> wow, stuart, if there never was a racists tweet on
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helloscape of a platform before. best unintentional comment out there. face it "the washington post" is warning about dangers of billionaire owning a media outlet. at last check, jeff bezos, one of the richest men in the world owns "the washington post" where democracy dies in dumbness. liberal journalists panicking over elon musk buying twitter as you said before, loss ability to control the narrative. censorship, locking accounts no longer the norm. the scent you smell is the smell of desperation. stuart: in new york city that is the marijuana in new york. governor brian kemp, stacey abrams faced off in the final debate in the georgia governor's race. watch this. >> i did not say, nor do i believe in defunding the police. he is lying again. >> ms. abrams on cnn goat asked the question, would she defund the police and she said yes, we
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have to reallocate resources. >> i'm not a member of the good ol' boys club. i don't have 107 sheriffs who want to be able to take black people off the streets, who want to be able to go without accountability. stuart: joe, i noticed that governors races are trending republican. do you think that affects the house and senate races down ballot? does the republicans, an advantage down ballot, house and senate? >> that's is a very good question. just to fact check stacey abrams very quick, i'm literally looking at the transcript from the interview brian kemp referenced. she was asked yes to some defunding. she said we have to reallocate resources, yes. there it is in writing. lied on national television in that debate in georgia. to answer your question, look at georgia brian kemp up seven to 10 points on stacey abrams, you then have to believe somebody will vote for brian campusp, look at the senate race, i like
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that rafael warnock guy too. let me vote for him instead of herschel walker who is a republican. i just don't see that happening in too many scenarios. so if chem is up big there, if you look at ohio where the governor is up big there, then a j.d. vans should be the persons benefits from that. you have the arizona race and republican, lake, opening up a lead there you would think that would trickle down to blake masters. governors races will have profound impact on many senate races. stuart: kari lake catching up in arizona. >> she is ahead. stuart: she is ahead. that is amazing. thanks a lot, joe. ashley, tell us what rnc chairwoman ronna mcdaniel had to say about the attack on paul pelosi. reporter: well on "fox news sunday" the rnc chairwoman basically blamed democrat policies for pelosi's attack. take a listen to this.
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>> but i think the other thing to remember is, if this weren't paul pelosi this criminal would be out on the street tomorrow. we saw lee zeldin's attacker was on the street after he attacked him this is what democrat policies are bringing. we wish paul pelosi a recovery. we don't like this across the board. we don't want to see attacks on any politician from any political background. reporter: mcdaniel said the attack was action of deranged individual blame people calling for nancy pelosi's firing or republicans to take back the house is simply unfair. she went on to say president biden was basically silent following assassination attempt against supreme court justice brett kavanaugh. stuart: thanks a lot. 1/5 of american adults have bet on sports in the past year. now there is a push to let people bet on the midterms. we'll break down that argument for you. it's a growing trend, betting on
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elections. we'll deal with it next. ♪. what if there was a community of like minded people ready to support you when you need it most? christian health care ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are regardless of your health history. offering values-based affordable health care cost solutions for people just like you and me. learn more today at your chm.org about healthcare that puts you in control.
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♪. stuart: some business leaders are pushing regulators to let americans, us, bet on elections. ashley, is this something that could happen before next week's elections? ashley: well it could but it hangs in the balance. right now as it stands betting on elections not available to americans even though as we point out in 2020 well over a billion dollars was reportedly spent on the presidential election, for instance, between joe biden and donald trump but of course it all came from overseas but again that could change. the commodities future trading commission is being asked to approve a bid by the prediction
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market operator kashi, would offer contracts, basically allowing people to bet which party would control congress. the venture backed by some heavy hitters including former obama white house economist jason furman, sacramento kings co-owner and by the way the parent company of the new york stock exchange. the cftc long resisted efforts to open up political betting in the u.s., on the grounds that the product was represent a type of gambling. people that cover the betting world, election betting would provide a very interesting twist. take a listen. >> to allow voters to bet on their own votes, i think for a regulator you see it that same way. you know at some point you're incent -- incentivizing somebody to vote for the person they necessarily align with. maybe i'm betting on him because i got seven to one.
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ashley: it would change the landscape. supporters say it would offer a way for americans to hedge portfolios which are affected by the whims of congress. other critics say could give financial incentive to cast votes for certain candidates. political insiders could use the contracts to profit on non-public information. we're still awaiting a decision by the cftc. it could come anytime now. there are reports that claim the agency will go ahead and reject the idea of election contracts. that in turn could lead to a lawsuit but the idea of election betting as you know, stu, in uk has been massive business for a long, learning time. stuart: you can bet on anything anywhere anytime, true for decades. ashley: yeah. stuart: thanks, ash. nobody won the big prize in the powerball, 800 million-dollar powerball. ashley: not me. stuart: next drewing is tonight. what is the prize up to now? ashley: cool estimated one billion dollars. it is like dr. evil.
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it is only the second time by the way in the lottery's 30 year history that the jackpot actually has gone to a billion bucks. there have been 37 drawings in a row without a grand prize winner. estimated cash option which most people take for wednesday's prize, comes out at $497.3 million. you can see the odds there. they are a little slim, are they not. odds in winning the jackpot 1 in 292.2 million. some one has to win it at some point. i know it won't be stu varney because he doesn't play the varney. stuart: i don't. most efficient way taxing poor people. i don't indulge, ash. there is a critical shortage of diesel across the east coast. madison alworth will tell us how the shortage could affect the supply children. it has been 44 years since the original "halloween" movie was released. the iconic thriller is still
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popular. take a look. ♪. >> oh, look. >> look where. >> behind the bush. >> i don't see anything. oh. >> you know it is halloween. i guess everyone is entitled to one good scare, huh? stuart: the 1979 "halloween" beta tape, not vhs, is just one horror themed item up for auction. we'll tell you how much it is actually worth. that is next. ♪ i'd like to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty.
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♪. [evil laughter] >> [screaming. no. no. no! no! >> here's johnny. stuart: why would anyone pay good money to go see that? i simply don't understand it. we're showing you that because a new study says scary movies and
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haunted houses could reduce stress. ashley, help me understand this. ashley: i'll try. according to an associate professor of clinical psychology, the neurological response to being scared can be beneficial. why? michelle cutler says we get a rush of adrenaline, endorphines, dopamine. that actually translates into feelings of euphoria, satisfaction or empowerment once the fear subsides. she says to get the best experience, you should surround yourself with people that make you feel safe. remind yourself you are in control. got it. reaffirm you're not in danger. good, deep breathing we're told can help as well. or, this is my opinion, you can avoid visiting haunted houses and scary movies. stuart: far too simple, ashley, far too simple. ashley: yes. stuart: horror themed items are
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up for auction. jay karlsson from heritage auctions brought some stuff. start with this 1979 "halloween," beta tape of the movie. how much is that going for? >> a bid of 10,000. it is, we're in the last hours before the auction ends. stuart: but it has, it is in perfect condition i take it, the beta tape? >> it is in near mint condition. it has been graded by a third party authenticate tore, how comics and baseball cards are operating. stuart: so that is 10,000 bucks. how about the "jaws" 1983 vhs tape? >> "jaws" is another great classic. right now that is up over $7,000 with current bids. stuart: okay, the 1981 "halloween" vhs tape? >> yeah, that one's has a bid of over 5000 as well right now. stuart: the 1982 "the thing" vhs
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tape? >> that broke 8,000 i think last night. stuart: the 1985 "a nightmare on elm street" jhs tape? >> that is one over $7,000. stuart: the best one is the "halloween" beta tape, 7,000 bucks up from there. >> yeah. stuart: before we go, are prices going up for this kind of horror-related item. >> oh, yeah. there is huge demand. vhs tapes have been dominated by horror enthusiasts. to see some of these tapes in pristine, you know, sealed condition is very out of the ordinary. people are really excited about it. stuart: jay carlson, thanks for bringing your stuff along. heritage auctions. the auction is proceeding as we speak. heritage auctions. thank you so much, jay. >> thank you so much. stuart: got this. video from a foxconn plant in china shows workers streaming out thousands of new covid cases reported at that plant. the workers are getting out before they're locked in.
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covid front and center in china. it's a crisis. that is "my take." it affects us over here. that is next. ♪.
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