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tv   Varney Company  FOX Business  November 4, 2022 10:00am-11:00am EDT

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ashley: the hazy vision of manhattan, a great, iconic shot as i listen to madonna. let's get to your money on this friday, the dow up 334 points, the s&p up 1%, the nasdaq up to par, trying to crawl back to the bosses we've seen this we, the 10 year treasury yield always a factor, not good for stocks and equities when this rises but the yield on the 10 year at 4.15%. oil is higher, up 4%, $92 on the hopes that china can reopen, the demand for oil theoretically will go up and
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that is moving the price of oil up, bitcoin the same story up 586 points at 20,007 $65. now this. late-night host jimmy kimmel claiming he lost half his fan base because of his anti-trump jokes. >> i've lost half, maybe more than half. 10 years ago among republicans i was the most popular talkshow host. i have said listen, if that is what you want to do i understand and don't begrudge you for it but i'm not going to do that. ashley: what a martyr, taking a stance. tammy bruce, great to see you. does any of what he says surprise you? >> no. it is not because people love trump and didn't like the nature of what he was saying, at late night with comedians
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they want comedy. television, entertainment is supposed to be an escape from politics. regardless, that is where late-night hosts have lost, why the numbers in the ratings have tumbled, regardless what they say about trump, what trump did interestingly is by his existence exposed the nature of a lot of people, their character or lack thereof. that is what is unfortunate. a lot of people have forgotten as actors or comedians what their job is. they can do whatever they want to do and the marketplace is going to respond. many shows, many hosts found out that is an approach americans don't like. they've got their own little bubble in new york or los angeles. americans living their lives. it is difficult and they want
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an escape and that is why hollywood is in trouble as well. neil: this is remarkable. the view cohost had a lot to say about white women backing republicans in the midterms. >> what is surprising is the abortion issue. i read a poll yesterday that white republican suburban women are going to vote republican like roaches spoken -- voting for raid. >> we don't know. >> their self-interest -- ashley: we don't look to the view for insightful commentary, but comparing white suburban women to roaches, come on. >> remember when barbara walters was involved, that was more interesting, relevant show. clearly it has gone off the
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cliff some time ago but this is what we've got. the democrats have resorted to calling people who disagree with them politically fascists, white supremacists, racists, bigots, now cockroaches and when the president of the united states does this, begins the rhetoric that it is not about the issues, not talking about the economy, inflation, or crime but internal threats to democracy, this vague general threat. fascists in the 20th century killed 100 million people. you have this problem associated with even subhuman dynamics and it tells you when people are under pressure, when they are losing you find out who they are and sunny austin needs to realize it's not white women republican women, everyone is voting for the gop. we are voting in our own
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interests. it is about food on the table. if there is gas in the car, if your child is safe at school, if you are safe walking to your car after work, if you've got any savings account, your 401(k) exists, that is voting in our own interests and they live in this bubble they thought the narrative would be abortion and are shocked it is not but this is who the republicans are and it is important to remember on november 8th. ashley: they haven't learned from hillary's deplorables comment. thank you very much. a former clinton pollster claiming democrats aren't acknowledging voters real concerns. what exactly -- >> stating the obvious. gavin newsom said the same
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thing, democrats are not focused on what americans are focused on. >> this is the problem with my party, the democrats. we don't acknowledge people's legitimate concerns about food prices, gas prices and law and order. why isn't he talking about the economy? wise and he talking about law and order, why isn't he talking about real-world concerns? to relocate the 2020 election is a mistake. people don't want to focus on that. >> they are using that as a scare tactic. what are we concerned about? 89% say inflation, 79% say crime. i don't see election integrity on the list. ashley: not at all. how about this when? the ceo of disney is reportedly cozying up to republican lawmakers ahead of the midterms.
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>> it is likely republicans take the majority in the lower chamber which means more focus on the culture wars where disney finds itself. this is the battle in florida with governor ron desantis. there are reports that disney ceo has held several phone calls with congressman steve scalise, the minority whip in the house, they had a relationship for years so it's not that unusual for him to call but they are speaking more often because we are assuming a republican majority pressures disney to stay silent on social issues or pivot away from responding from what their cast members want them to do on certain issues. ashley: a lot of people think the same thing. elon musk is set to begin massive layoffs of twitter today reportedly looking to cut 50% of the staff.
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rick smith joins me now. you said this was going to happen. is he on track with these changes, you called twitter of broken business model. >> happy friday. there's a lot of changes at twitter. public and private companies, twitters in the spotlight of public market investors, he's got to work quickly to create value for himself and his fellow shareholders. some of the changes coming will be beneficial if i were an owner of twitter, users of the platform might have a knee-jerk reaction as we saw in the public spat between elon on one side and stephen king on the other. i joined you in april sharing my view, what i would do. twitter should move towards a premium model and become more of a subscription platform.
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knee-jerk, that might be an unpopular thing but you think about data and content, 2 million users providing content on a daily basis. that data is valuable. why can't users have a fee for real-time access to tweets, on a 20 or 30 minute delay but to put that in perspective, if you are a total shareholder and elon tweets out 13 million followers about market moving news at tesla would you pay a dollar a month, $5 a month for real-time access? you are old enough to recall the days many years ago we had to pay for stock data. stock quotes were free to market professionals and retail investors might have had it on a 30 minute delay. why shouldn't users pay for that at twitter.
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ashley: let me jump in. you say all of this could benefit apple, is that right? >> of twitter start taking up fees and charging blue checkmark users $8 a month that money will flow into the coffers of apple on the apps store so as they begin to shift from an ad driven model and we all know digital ads has been very challenged business in the last year since apple made changes to the privacy. look at the stock prices of meta and google and how they declined but ads aren't working like they used to. the advertisers can't track how well those ads are working. we are being big shift on the model and twitter can go from that model to a subscription model. on the other hand i mentioned elon. think about taylor swift with 90 million users. would you pay one dollar a
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month to be part of a premium plan for taylor, to know she's dropping an album or have advanced purchase opportunities? there is a powerful change to come here. neil: ashley: fascinating stuff. you have been right every step of the way. thank you very much. let's -- thank you. let's look at the movers this friday morning. paypal down 9%. lauren: they cut the outlook for the full year and this is what they say on the fourth quarter. this in stock into a tailspin, e-commerce will be muted in the holiday quarter, carvana is going higher, rising interest rates have 102,000 cars, that is the lowest quarter for them, when they were red-hot and the
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share price is double what they are now and there are examples, the monthly payment on a car is up 160% than it was in 2019. i've got one for you, dow stocks, caterpillar, they won her $1.2 billion contract to the us government, up 4%. ashley: that is a winner. very good, thank you. now this story. jeff bezos could need partnering up with rapper jay z, they are interested in buying an nfl team. the details on that. draft kings reported their earnings this morning. they had a blowout quarter report 136% increase in revenue. the ceo, jason robbins, will be on the show to talk about it. we had a 251,000 jobs last month, business owners say they are still struggling to find workers. edward lawrence has the report
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from the labor department coming up next. ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.
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life causes a lot of stress. i ate a lot for stress. golo and release has helped me with managing that stress and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. ashley: radio city music hall. we just got the latest read on the job report, it shows 261,000 jobs were added in october. higher-than-expected but an employment did take up to 3.7% from 3.5.
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edward lawrence joins me now. you spoke with marty walsh. what did he have to say? >> reporter: pleased with the jobs report but you look at this you mention higher-than-expected report, revisions are moving up, adding 29,000 jobs for the last two months. this shows the federal reserve can stay the course on their rate hikes because the job side of the equation can handle more slow downs. the real pain for americans, average hourly wages going up 4.7%. we had cpi inflation up 8. 2%, average hourly wages, increased numbers coming down. with prices rising faster than wages consumers slow spending. >> don't want to see wages come down. the ideal world we need to bring wages up and pressure at the kitchen table, cost of food and energy down on the average
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american person. >> construction added a thousand jobs, leisure and hospitality adding 30,000, mining 600 jobs, retail of 7200 jobs, healthcare is the big one, 52,600 jobs. economists say this report indicates nothing to show that inflation will be coming back down. >> the lesson of the 1970s in 1980s is to bring inflation down you've got to jack phenomenal rate up above the rate of inflation and keep it there for some time and we will see if the open market committee has the determination that paul volcker had. >> reporter: americans should expect unemployment to rise and feel iconic pain. a host of tech firms had frozen higher or plan layoffs, amazon the most recent saying it would pause increment of corporate higher, twitter and will slow
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hiring, netflix has laid-off workers and these layoffs are not being reflected in the jobs report down the road. . ashley: great stuff, thank you. draft kings, we have look at that stock, nearly 22% but the company reported strong earnings, revenue up 136%, 502 million. jason robbins is the ceo of draft king, joins us now. good morning. the stock is getting killed but numbers are pretty good. what is going on? >> probably a little bit of a disconnect between our guide for 2023 which included a number of states versus
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consensus made of many analysts that did not. apples and oranges. that is what we are getting hit on. we stated this on the earnings call but don't know if many heard that if you take out the account of new states it is under a $390 million loss versus $3 million consensus. that might be a more appropriate comparison. your guess is as good as mine. otherwise i agree with you. we had triple digit revenue growth. ashley: the only issue i can see is your monthly unique players, the number of those fell short, came in at 22% more the year over year but wall street expected more. how would you comment on that, monthly unique players. >> we don't guide monthly unique players, only a handful of analysts submit their numbers.
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it is a tough comparisons. one reason is last year, basic comparison, mba legend of the third quarter. it made a big difference. september on the earnings call north of 27% year over year growth closer to where wall street has gone but the interest in mba in 2022. ashley: more states coming online. what does that mean for your company, how anymore and what will that do to your business? >> we have four that are either imminently launching or have good line of sight early next year and mid next year, those are maryland which we expect to launch this year, ohio which we expect to launch in q1 and then later in the year. great moment that will bring
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the total up to 45%, halfway there as far as penetrating the us population and see strong momentum, excited about those. ashley: you would say business is good. the headline numbers are strong. the easy way to gamble through your apps is popular. do you see it picking up from here? >> strong numbers are your, we 've beaten estimate every quarter, raised guidance every quarter. the market environment doesn't matter as much. if we continue the track record, over 2 years consistently beating expectations and delivering the promises we make and everything else will work itself out. that is all we are trying to do. everybody wants you to say the right thing.
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it is the whole thing, doing the best we can to deliver on the promises made, pretty good track record, looking forward to that. ashley: jason robins, appreciate it. an interesting story. jeff pabezos reportedly interested in buying an nfl team. ashley: reports a possible joint venture to bid for the washington commanders but the current owners, snyders are exploring a sale.bezos has expressed interest in owning an nfl team for a few years. amazon prime video which we call thursday night football is an expansive team worth $5.6 billion, don't think that's a problem for jeff bezos who is worth $115 billion and jay-z's wealth to come.
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ashley: it could indeed. i'm letting it hang there. it could. jay-z, let me put it that way. lauren: i was thinking the same thing. ashley: unlikely but why not. moving on, former president obama says democracy may not survive in arizona if a republican wins. take a listen. >> listen, arizona. i get that democracy may not seem like a top priority. democracy as we know it may not survive in arizona. that's not an exaggeration. that is a factor. ashley: i think others would disagree. i wonder what andy biggs makes of mr. obama's remarks, he's on the show coming up.
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gubernatorial candidate carrie lake will declare an invasion on the southern border, the latest on the arizona races ask order security is a top issue for voters there. we will be right back. (driver) conventional thinking would say verizon has the largest and fastest 5g network. but, they don't. they only cover select cities with 5g. so, for me and the hundreds of drivers in my fleet, staying connected, cutting downtime, and delivering on time
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ashley: look at the market, and our into the session, the dow up 524 points, same story on the s&p and the nasdaq climb back the losses we've seen this week. you are looking at other movers. lauren: it is down 34%. investors don't like it. it is a software used by apps developers to get voice, text, and the reason they are down and their guidance is soft is they cite soft economy. number one on the dow. the china opening mover, it is a big part of nike's revenue so they are up 7.8%.
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monster beverage, stronger earnings, fiber dollar share repurchase program, that stock is up 7%. ashley: you need a sad trombone sound affect. the prices at the borders of top issue for voters in arizona, ahead of the midterms. and sierra vista arizona, how are candidates looking to fix the border and how are they elected? >> reporter: the border is front and center in all the candidates on the top part of the ticket, speaking to voters and one of the reasons, this last fiscal year customs and border patrol says arizona saw the largest amount of weapons and ammunition seized on the us
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border than any other state. gop candidates campaigning on record number of illegal immigrant crossings tying them to the crime and fentanyl crisis. carrie lake will declare an invasion on day one. >> we have an opportunity to get things back, everyone wants a severe border, they know i will be working for the people of arizona. >> reporter: separate issue on the democrat side, secretary of state katie hobbs who oversees elections, to recuse herself from doing the job. >> i take an oath of office to uphold the constitution of the united states in the state of arizona. to leave office on january 2nd. >> reporter: in the senate
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race, he would militarize the border and knocked his opponent, senator mark kelly, for not being strong enough. >> what kind of guy promises the people of arizona to be an independent only to get to dc and surrender to chuck schumer and vote for open borders and fentanyl. >> you wants a cut for taxes for big corporations that are hiking up prices and said that he wants to privatize social security. >> reporter: in the final days leading up to tuesday all these candidates are crisscrossing the state. ashley: democracy may not survive, if republicans take control. >> i get that democracy might
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not seem like a top priority. we have seen around the world what happens when places lose democracy or never had democracy. democracy as we know it may not survive in arizona. that's not an exaggeration. that is a fact. ashley: some would call it an exaggeration. congressman andy biggs joins me now. is democracy at stake? >> probably not. what is interesting, earlier in the speech, president obama was talking about we need less demagogue eric language, why is that? because we can't talk about the
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issues, his side of his team is wrong on every issue, that's why we have the highest inflation rate in arizona and gun trafficking and human trafficking on the southern border. he will not talk about issues, to instill fear in people by using demagogic language. ashley: do you feel the red wave is coming? just days away from the midterms are you feeling confident? >> i'm feeling hopeful and confident. the key is we've got to finish it off and have a higher than usual voting turnout in arizona and i'm confident.
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ashley: what do you make of ongoing calls for so-called pandemic amnesty? you want to hold people accountable. explained that to me. >> we are not talking amnesty saying let's not even consider this. the individual who wrote this works for an organization where we saw hypocrisy at the height but don't forget what happened here. we changed our whole culture of america the will be a generation to overcome. educational problems when you shut down schools even though we knew kids were not likely to be harmed or catch or transmit covid, the mask mandate basically mask, lockdowns that came with it, emasculated our businesses, the weird idea that you could shut down churches and synagogues and keep liquor stores and strip codes open.
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if you are an antifa or blm riot, you couldn't gather, these things changed our culture. to get to the bottom of how it happened. ashley: in arizona, thank you joining us this morning. doctor ben carson sounding off on the cdc recommendation on covid jabs for kids. what is he saying? lauren: it is not logical to mandate it. he said so many states decide their mandates based on recommendations of the cdc and it would be a good thing to follow the science, to trade almost 0% risk for unknown long-term risk, doesn't seem to make a lot of sense and should be completely left in the hands of the parents and providers.
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to be clear the vaccine is not mandated in the schools. many states follow the cdc guidance and the cdc added covid vaccine to children's immunization schedules but if you look at the risk of severe complication or death from covid for children it is 0.025%. ashley: just common sense as you say. thank you very much. california's governor newsom is up for reelection but doesn't bother to campaign despite the effort to recall him. california guy steve hilton will deal with this in the next hour. rising rates and high gas prices causing customers to pull back on spending, who do voters blame inflation on? aishah hasnie will break it all down for us next.
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ashley: a new fox bowl shows inflation is the number one issue facing voters in georgia. aishah hasnie is in georgia this morning and you are talking to business owners. what are they saying to you? >> reporter: what we are hearing in georgia, we just wrapped up a walker evened with tulsi gabbard. voters are telling me, small business owners, whether they are democrats or republicans, doesn't matter which side of the aisle they belong to, they are getting hit by inflation very hard so let me introduce republican darrell perry. he voted for republican
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herschel walker because he blames democrats and there spending for causing inflation. he runs a pest control company in cartersville and says he's lost $60,000 in revenues this year because of the rising costs of chemicals entire gas prices for his fleet of trucks. on top of that he is losing clients because they can't afford his services anymore. >> this is the worst i have ever seen and it affects my business because they get rid of the pest control to feed their families and i don't blame them. ashley: >> reporter: on the other side, they have been hit hard by inflation, they say their prices for beauty supplies have doubled and dwindling clients led to an employee leaving the salon for a full-time job at the right voted for incumbent
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rafael warnock, democratic spending, the covid relief money, all of that they say was needed. >> if i was in their position i would have done it too. i heard the cries of so many for, we need help. what do you do? >> reporter: that couple want democrats to have more time in congress to fix the economy. you know the fed rate hike hit small businesses hard, senator warnock was asked what he thought about a rate hike yesterday and he said he wished the fed would have waited. ashley: a economy and inflation the number one issue. retired nfl legends backing herschel walker in the georgia senate race. who is and what is he saying? lauren: michael irvin from the
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cowboys played with herschel walker and one of the first things he said to me was i think i could beat mike tyson. why are you talking like this, he believes he can do anything and beat everybody at everything, he' s that kind of competitor. so i looked at the rcp average in georgia, a key tossup state. walker is up, look at that, wait, okay, yes, 47.2-46.8. versus the incumbent. got confused. ashley: you had it right the first time around. thank you very much. new york's governor hochul acknowledges crime is a major issue. >> i acknowledge there's a crime issue. it is not new to me because it is election time. i've been working on this throughout my entire time as
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governor and i am soft on crime, he is soft on guns and that's a real problem. ashley: does it too little too late? brian kilmeade will take that on next. hello cashback! hello, kevin hart! earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. 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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only pay for what you need. jingle: liberty. liberty. liberty. liberty. hi, i'm jason and i've lost 202 pounds on golo. being a veteran, the transition from the military into civilian life causes a lot of stress. i ate a lot for stress. golo and release has helped me with managing that stress
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and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ashley: it is 10:51 on the east
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coast, i want to get to this issue, governor kathy hochul admitting there's a crime problem in new york city, saying it is not a new issue but claimed last week crime was a conspiracy, to me looks like she's backtracking with days to go before the election. >> reporter: showing she's tough on crime and always has been and drilled down, what i was saying is shootings and murders are down, down from 20 one to 22 but 20 one was through for roof and others point out crime was an issue during trump's years, don't know if you notice about trump use federal troops in portland and seattle. he offered national guard to chicago to get gang wars broken up before it spread to the city, it already has. one thing with the previous administration, they address the problem.
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maybe it was too aggressive, we don't want donald trump's federal troops there, all the groundwork was laid there but administration trying to rain is in. cannot acknowledge the problem, it goes to the administration where there is nothing but crime, drugs and homeless all around him. ashley: nothing to see here. hillary clinton and vice president kamala harris hitting the campaign trl. thursday. get your comments. >> i think about someone who legitimately cares about the people of this state, they don't care about keeping you safe but scared. >> the governor said everything is on the line. she has shown you what she cares about.
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she has shown you how hard she will work for the people of new york. >> what has she done? ashley: so insincere, like they've been given a bunch of information on a flash card. >> a couple things. obscure buffalo politician to shore up governor cuomo's upstate new york, but didn't meet with her ever. looks at her as a turncoat, earlier, governor cuomo, critical of her for not acknowledging crime is an issue. he's the reason crime is an issue, signed off on the no cash bail but i don't want to digress. 200 people at that event, nobody cares. president biden, vice president kamala harris, hillary clinton ranting non sequiturs about things that may be happening
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that were relevant in the 1990s, crime is an issue and rudy giuliani and ray kelly were the ones that rain didn't. you can't say they didn't. that is a fact. lee zeldin is talking about it. most of the speech was about abortion, that is number 7 or 8 on things american people care about. this lane is open up wider and wider for leave zeldin, the people and staff, they say zeldin has done a great job in western new york getting the vote out there. 30% in new york city, start dominating long island and to grab upstaters from kathy hochul who has some support this might be the biggest upset of this election season. ashley: before we have to say goodbye i want to mention your
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book, the president and freedom fighter now available to order in paperback, give me a pinch. >> the pushback on american history, i want to talk about how an african-american slave was able to rise above it and become one of the most famous people in the world combined with abraham lincoln, our finest president and bring us through a tumultuous time. and people to understand where we have been when it comes to race relations, take time to study it to use in their words to understand why america is the greatest country and they wanted to be americans and put the country back together and frederick douglass needs to be studied and that was my hope that people would care enough to pick up. ashley: the order is in, appreciate it. still had, steve hilton, jonathan morris, kim strawser, "varney and company" is next.
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# # >> i think the jobs report
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is clearly suggesting it's not slowing down at all and leaves jay powell in the position

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