tv Varney Company FOX Business November 4, 2022 11:00am-12:00pm EDT
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roadway main on course. >> what's really expensive these days? >> the dating scene. to take a lady out, it's three times the cost that it used to b. you've got to choose the girl you're with wisely. >> to speak that they'd vote for a set of conservative ideas or the basic things we care complete the catch and cast us as anti-american maga crazies is just dangerous and presidents aren't not to do this. >> housing market is coming into balance because demand is being destroyed and activity in that market has fallen dramatically. >> democrats have resorted to calling people that disagree with them politically fascists, white supremacist, racists, bigots and now c cockroaches. ♪ ashley: the late great david
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bowie. lady liberty still in the shadows. good morning, everyone. it is 11:00 a.m. on the east coast on this friday. it's november 4 and i'm ashley webster in for stuart varney. let's get a look at these markets and how about this after a rough week and the dow now up 500 points, a little relief rally and s&p up 1.5 and nasdaq up 1.5%. take a look at big tech names. they were up solidly earlier in the session and now apple just turned negative, down half a percent but alphabet up 2% and same story for microsoft and amazon and meta also making gains. take a look at 10 year yield and explain why tech is coming back and yield down now 2.7 basis points and it's up 4.1%, the higher it goes and harder it hits the growth stocks especially the high value tech stocks so that's why we're seeing a bit of a gain today. take a look at this opportunistic ed if we can from
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senator bernie sanders. it says our economic crisis isn't inflation. it's corporate greed. of course and the gop will only make that worse. where do you begin? steve hilton, good person to talk about that. he joins me now. steve, he's blaming corporations, not democrat policies for our economic crisis. feed on that. >> it's exactly an analogy to the way that all oturu ot failus and with that awful speech trying to blame anything except the consequences of their own ideas. this is exactly the same. bernie sanders was the leading political advocate of mod everyone monetary theory and it's the mad doctrine that took hold of the far left and the democratic party and then because biden caves always to the far left, took over the
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whole party and says you can spend unlimited government money without any consequence and print the money, spend the money and have no effect on the real economy or inflation or anything else. that was their theory and they've been pushing for the last two years and now we see the result. run away inflation, destroying people's cost of living as we see and now the consequence is the interest rate response, which is further adding the economic pain. this is the consequence of their far left ideology. of course he wants to distract from that and blame someone else. ashley: if you think that's out of whack, listen to this one, steve, democratic congressman clyburn said america is poised to be like germany before the gnatses. listen to this.
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>> they coopted their media and self-interest and it's more than what you may or may not be paying for the price of gas or a loaf of bread. ashley: okay. how about that one, steve? >> i mean, look at that. what about this coopting the media from a democrat. you have the entire media pretty much. completely acting as propaganda for the democrats and just before we move onto the madness of his remarks and jamie james claiborne just the other day confirmed about their policies causing inflation and he said explicitly we knew when we worship god going to put so muco much money in the policies, that's coming from the democrats. this idea we're entering some new kind of aauthoritarian
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regime is like mad comments and talking about the new authoritarianism. what do you think we have now when you have the government unleashing the machinery of the justice department or fbi onto parks that disagree with their policies. biden was talking about that when equating democracy with voting democrat. that's the totalitarian mindset. ashley: you know, it's complete madness but gives us so many things to go at so i guess we should be thankful from that point of view if nothing else. steve, thank you so much for joining us on this friday. really appreciate it. >> great to see you. thanks. ashley: thank you so much. meantime, california governor gavin newsom is with holding funds that was supposed to help
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the state fight homelessness. what's that about. come in, lauren. how much is he with holding and why? lauren: i don't know. i'll try here. it's $1 billion, and this money would have went to 13 major cities like los angeles and san francisco. but governor newsom just rejected their homeless reduction plans and he says what you proposed isn't going to have much impact in reducing homelessness. it'll just reduce it by 2% over four years. i credit him here, if their plans aren't working, don't give them more money. the problem is california has over 170,000 people living on the streets and newsom is holding a meeting this month to discuss what to do and this crisis has gotten worse on his watch. who has he invited to this meeting? who's going to be calling the shots? is it going to be people with boots on the ground? they really know how to help or is it politicians that aren't homeless and who are very out of
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touch and yous lick to spend -- just like to spend money. there's talk and i believe he's for this. when you pull a homeless person off the street, whether they have a mental health issue, drug issue or both, if you're going to give them what they call a single occupancy room, mandate treatment at the same time but what they do in san francisco because of the woke mentality is say body autonomy. we can't tell them what to do. but, yeah, you can because they obviously have a problem and so do your streets and areas where your kids are going to school and people are living. they're having a meeting about this in california in a few dais. what comes out of it? if this $1 billion isn't going to help the sit, yes, don't give it but propose something that could help. ashley: yeah, no more empty promises. lauren, completely changing gears and workers in disney world saying they have no savings. they want higher pay. how much higher? lauren: i know.
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20%. this is a sad story. the union that represents the disney's orlando walt disney world hospitality staff. they're paid about $16.50 an hour now. the live the wage in orlando is about $18 an hour. the union asked questions. half of the members are skipping meals because they can't afford food. and two-thirds have less than $100 in their savings account. so this is an inflation story and it impacts everybody. ashley: it certainly does, lauren. thank you very much. now to the jobs report, 261,000 jobs created last month and jonathan honing joining me. >> i think it gets worse. the number was bad. i think it gets a little worse. i don't think we've seen the end of it at all. employment is a lagging indicator, keep that in mind. this is what the reality is and the market moved well ahead of this. this has been one of the worst
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markets in stocks and bonds in years and in history, the nasdaq peaked out in march of 2000, it was 2.5 years later unemployment peaked out. i'm bullish on some stocks here and not a kasandra or raving bear but unemployment has a long way to go and better or worse, some viewers might want to think about polishing up linkedinns right now. you have to make your own investment decisions and i'm looking at all the ideas passed over for the last four or five years. tesla is a wonderful company, not a great stock. same thing with most big tech. i'm looking at small cap, international stocks, and value-oriented stocks. they're very underowned right now historically and named like disv, bwx for international exposure and psce, that's in the
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energy space. don't make it all or none but in the 1970s, there were three big bull markets and i think we're in one of them, at least short term bull markets for now. ashley: short and sweet but to the point and lots of great info. jonathan, we're already out of time but thank you so much. appreciate your help this morning. lauren, come back in here. lauren, you have movers. start with wee work. lauren: they're finally catching a break and down 70% this year and btig initiating them at a buy and going up 190% which means they'll hit $7.50 a share. the need for flexible solutions to drive a demand for flex work spaces. go dad day. daddy. the web services firm and weak forecast for this on top of un-impressive third quarter and stock down 6% and crocs, they're
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ugly but i love them so do a lot of people. it's getting a nice possible and brand no mentum for those -- momentum for those ugly but useful shoes. ashley: the t-shirt, they're ugly but i love them. thank you, lauren. lee zeldin getting big turnouts at his rallies, even in up state new york where cath reigns kathy hochul isfrom. does that spell trouble for hochul? we'll get into that. president biden will campaign for democrats in illinois today but next door in wisconsin, where the senate race is neck and neck, he's nowhere to be found. are democrats in fight races ignoring the president? we'll have that report as well. kim truss el will have advice for republicans. if you take back the house and senate, she says don't waste this opportunity. kim is here next. ♪
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and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. ashley: president biden will head to illinois today to campaign for democrat candidates but he continues to stay away from the tight races. grady tremble is in green bay, wisconsin, this morning. grady, that senate race is in a dead heat so the question is why isn't president biden going there? >> reporter: it is, ash. i asked democratic senate candidates mandela barns if he asked president biden not to come to wisconsin. yes or no question. couldn't get a straight answer from him but the last time
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president biden was here in wisconsin was on labor day. governor tony evers joined the president but barnes did not and blame add scheduling conflict that day. the president is just one state away campaigning for jb pritzker in illinois and a couple of congressional candidates but in wisconsin, he's nowhere to be found. >> we have a lot of folks that are coming in. >> reporter: okay, take from that what you will. barnes is trailing senator ron johnson in the latest fox news poll. about 8% of voters still say they're undecided and they could determine the outcome of this election. >> record high gas prices and prices andskyrocketing crime an. i could go on. these things were caused. bad policies and democrat
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governors. why would anyone want to vote to keep those folks in charge of things. it's pretty obvious and a pretty clear choice. >> reporter: senator ron johnson holding a campaign event here in about 30 minutes time and talks a lot about inflation on the campaign trail and that is because, ashley, it is the number one issue here in wisconsin as we goat closer to election day. ash. ashley: many other places as well. grady, thank you very much in green bay. take a look at new opportunistie wall street journal". bring on the non-drama election. kim strassle wrote that and she joins me now. kim, i'm catching a bit of sarcasm there, just a hint. democrats are all about the drama this cycle; right? >> going back to the 2016 and
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russia collusion and arguments of racism and nativism and everything needs to be done in order to put the democratic agenda and that's the only thing that will save democracy in america and the thing is americans are just buying it this year. they're focused on inflation, the economy, crime, and other issues and they want to go to the polls and vote on these serious,s, but ones that don't involve democracy being on the ballot as the president suggested to us earlier this week. ashley: what's your advice to republicans if they want to win in 2024? that's a big question right there. >> yeah, well the advice is to heed that very advice of this election, which is voters are sick of all the drama. the history on it. there's going to be some pressure from some quarters of the republican party to engage in the same. nonstop investigations and impeachments and live hearings of investigations and in fact what voters are wanting right
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now is they want someone to address the real problems out there, have serious answers for it, show that they can govern and do it in a grown up fashion. if republicans can do that and manage expectations, they'll help themselves in 2024 if they make this the zoo that we've seen that the last congress has been and one before that, they'll have a lot of trouble. ashley: yeah. that's a good word. >> kathy hochul is from the area and the huge amount of the pomlation is in new york city and he's aiming for 35% but even that will be tough. if he want as shot at this race, he has to win the up state of new york and the place he was
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having a rally, it really is hochul country and these are places that pockets where democrat registration really outranks that of republicans but these are democrats who are unhappy, okay. they're unhappy about new york city's dominance over up state, high taxes, fracking bans that are keeping them from having jobs, crime that's also hitting them up there and if he can rack up the numbers in places like that, she's got a real problem. ashley: very quickly, courage i kim -- kim, i want to get back to our previous story, grady trimble was in green bay and joe biden not being invited to any of the close messages of thanks, joe, but we got it from here. that says something, does it not? >> it shows how toxic the white house is right now. if you look, this current round is just in keeping also had -- he was out in oregon and california for instance and all
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places he won by vast margins. his own real job is to rev up the base in states where democrats are already likely to win. ashley: and tell everybody that the biggest threat, forget inflation, crime, dinner, all those things. it's a threat to democracy. does that re resinate? >> again, that's the fourth election cycle voters are hearing in and they've come to realize it's overwrote and the white house humane society tacken its -- has taken its eye off the mess right now. ashley: kim, terrific stuff as always. thanks for being here this morning. we appreciate it. >> thanks, ash. ashley: thank you. now this, the fbi is reportedly investigating a shooting at a republican congressional candidate's parents house last month. what happens, lauren? lauren: pat harrigan is running
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for congress in the 14th district in california and he's been wearing a bullet proof vest because it's gotten so devicive and he's gotten death threats and his young daughters, they're 3 and 5 and have been staying at his parent's house. that house was shot at last month and now the fbi is investigating and bullets landed feet from where the girls are sleeping. his whole family, parents and two daughters are staying out of state because this election has gotten so heated and this is what weir seeing in many races. the political rhetoric has become so divisive and there's security risks for politics. it's honestly and frankly disgusting, ashley. ashley: it is disgusting. as awful. absolutely awful. lauren, thank you very much. take ago look at the markets heading towards the break. hopes i think that maybe the fed will ease interest rate hiking,
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maybe based on the jobs report. who knows. maybe the relief rally but the dow up as you can see more than 400 points and nasdaq in s&p 500 up more than 1%. a strong way to finish off the week for now. coming up, an op-ed in the new york sometimes say journalists are failing americans by fating to treat both political parties equally. how much of a role does faith play in voter's decisions? republicans are hoping faith helps get more latino voters. jonathan morris takes that on next. ♪
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ashley: all right. welcome back. take a look at these markets after a strong week of trade touchdown catch. the dow up 300 points this hour and nasdaq and s&p up around 1% or just under. let's bring back in lauren. you have some of the movers in today's session. let's begin with yelp. it's down -- 3%. lauren: it's all about the forecast. online review site and they
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don't like what they said about the future. this is what manage want said they're seeing: home services, big demand, take lower collummer and electrician, they're spending money to -- plumber and electrician are taking money to advertise on yelp. door dash up and up and away. the revenue in the past quarter up 33%. this next story is a tale of two digital payment companies. block, which is up 16% and paypal down 3%. looking at block, their cash app is booming and venmo owner paypal says online spending this holiday season is going to be "muted". ashley: hmmm muted. interesting. thank you very much, lauren. yeah, right. as always. let's get back to politics. new polls show that latino voters are swinging toward republican candidates.
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madison alworth in madison heights, new york, this morning. you're talking to business owners this morning. what is the most important issue to them? >> reporter: ashley, what they're saying is crime and inflation, the economy. those are the two biggest issues that are driving some registered democrats to actually vote republican if this upcoming election. you know, one of the people we met was a grocery store owner in the bronx. he says that crime, shoplifting and attacks are a regular occurrence in his location. he's not only voting for lee zeldin and actually recently fundraised for him as well. >> we are life-threatening it -- living it on the front lines after they've implemented certain policies such as bail reform, less is more, not supporting law enforcement. das that are just not doing their jobs this time around. it's crime number one. the republicans in actuality are small business friendly. perhaps i was wrong voting
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democrat for so long. >> reporter: so crime is the top issue here but you're really seeing that across the entire u.s. latino community. a majority do not like the way it's currently being honed -led. even -- handled. even still, not everyone is ready in the deep blue state to vote red. a republican governor has not been elected since 1994. that's why latinas like mertha says a change is needed, she cease that but she's hesitant to change the party she votes for. >> i don't take the subway. i would not think of it. i'm afraid to walk around the streets like i see people getting knocked out. i have my doubts. i'm thinking. i'm rethinking the whole thing. >> reporter: you know, at the top of this report, ash lyrics i mentioned crime and the economy and that's because for businesses on the ground here, when there's high crime, your economy, your business is suffering. i visit add restaurant and you
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saw some of that video, that owner used to have three restaurants and closed two of them because foot traffic ceased when it got dark. people were afraid to go out at night. the fact that zeldin continues to close the gap is remarkable and deeply blue new york is. and shows latinos worried about crime are part of the push making the gap smaller and smaller. ashley. ashley: people just want to feel safe. madison, great report. thank you very much. going to bring in now theologian jonathan morris joining us. good morning. great to see you. how do you think faith plays a role? begin with the latino vote. does it play a role? >> it play as role in latino's lives to a very high percentage. i worked in the bronx for many years, which is primarily latino, at least in my area where i worked and lived. faith was a huge part and of
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course that's going to make a difference in their life as they go to vote. democrats have strategically failed for many, many years. they've made abortion on demand especially in the last 20 years, the holy grail of the democratic party. in other words you cannot become a democratic candidate for office if you are not fully willing to say abortion on demand all the way up into the end of pregnancy. that is not in line with a traditional -- not just latino but a traditional religious voter. i hope that the democratic party opens up so that some of the issues that latinos and others care about on the democratic platform can be addressed without buying into this holy grail, which is abortion on
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demand. ashley: overall, jonathan, how much do you think religion sways a person's vote? how much of an issue is it do you think? >> nobody is voting in 2022 because, hey, listen, there's a catholic candidate and i'm catholic so i'm going to vote for that person or jewish person voting for a jewish candidate. no. religion is very much part of one's ethical and moral compass. it's what informs much of our ethical beliefs and our values. so when we look at somebody whose values are so starkly different than mine, those things i care about most well then of course i'm going to be very hesitant to vote for them. the answer to your question is it has a huge impact. but it's not a question of this person is of my religion therefore i'm with them.
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ashley: we hear reports that church is not as fundamental as it used to be as a part of life. are you concerned that we're losing congregations? >> we are not just losing congregations and we are. we're losing the soul of america i would say. that is even more dangerous. you can be a very good, and i would say even holy person and without attending church. there's people that live far, far away from a church and can't attend, but they're very good people and their values are very much part of their society building and we're losing that . i think a lot of it has to do with social media. it has to do with our children being influenced so greatly by social media and being sueded in directions that are contrary to religion and to the human person
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and that swing in that direction going for overtime. ashley: poking fun at that $58 sweatshirt on aoc's campaign site. she responded saying all the proceeds go to community acts, acts. that's not what her campaign website says. we have the details on that. my next guest decided to take an electric car on 178-mile road trip. it ended uptaking him 15 hours. he's here with his story next. don't miss it. ♪
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ashley: let's take a look at some of the winners on the dow if we can and some stocks moving further ahead. dow, nike caterpillar, nike up 6.25% and s&p 500 winners, freeport, the energy play up $10 to 10% and starbucks up 9% and este lauder up 9%. the nasdaq winners, s starbucks, lamb research, it's an up day and losing steam and see how it all works out. my next guest decided to take a road trip across wyoming in his
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electric vehicle. it was a 178 miles trip and it took my guest quite a bit longer than that. allen ohashe joins me now. it took 15 hours in the end. what the heck happened? >> it was part user error and part lack of adequate infrastructure around wyoming. actually the first 178 miles was the first leg of several trips i made that totaled. 2600 miles around the state. i knew it was going to be a challenge. go ahead. ashley: yeah, sorry. what was the user error? >> i just bought this car in april, end of april, and i was going to go on this road trip in
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may two or three weeks later and had done some reservice connected and have knew a bit -- research and knew a bit about electric vehicles and charging and potential obstacles and i did some preplanning for the trip but i didn't have any practical experience with that so i was rudely awakened when i determined that the charging wasn't as rammed as some people would lead you to believe like the dealers. you know, i think people like myself are led astray by that. ashley: are you still a fan of electric vehicles because what happened to you i think is the fear of many people is that you have charge anxiety. when you hear stories like yours, it reinforces that. >> that's true, and i think that
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i wrote this -- it was so remarkable that i wrote sort of a realtime travel log spanning from may till july of my trips. i think it's sort of mine is like a cautionary tale and how people need to realize the current limitations and what the potential is for the future. i'm dedicated to it. this is the car that i could afford and i think there are other vehicles i could have purchased that were much more expensive that would have made my travels a lot easier. but then not everybody can fall into that category and mine was on the lower to moderate end so i had to face some limitations based on the charging
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infrastructure. ashley: allen, we'll have to leave it there. i imagine you'll stay a little closer to home for now at least. but your story is very interesting and not the time we've heard about problems going on long road trips without electric vehicles without the infrastructure in place. thank you so much, alan, for joining us today. we'll move on now. thank you, allen. alan. half of the staff of twitter is about to get laid off today. lauren, do we know what time people are expecting to get notified? lauren: 12 eastern, 9 pacific and elon looking to ax half of the work force. the content moderation team is certainly expected to be impacted but right now, elon musk is telling a baron investor conference that content moderation policies at twitter have not changed. harmful speech is not acceptable. still advertisers are cutting ties with twitter, vo s vw, genl
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mills and more. saying advertisers are pressured but nothing has changed and they say she's trying to destroy free speech when he's trying to save it. ashley: carrying on there's an update between the spat between congresswoman alexandria ocasio-cortez and it has to do with the $5 # sweatshirt she's selling. lauren: yeah, the purple blue one on the tweet. she said that sweatshirt is so expensive because all the proceeds go to charity and community acts. wait a minute. her website says "purchases are campaign contributions" with no mentions of charities. there you have it. we got the receipts. ashley: aha, okay. i don't think that's the last of
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that story. lauren, thank you very much. let's take a quick look. neither does elon musk. take a look at 30 stocks that make up the dow. a lot more green than red. that's for sure. down nike and american express leading the way, united health, apple, and salesforce.com down. senate candidate tim ryan is distancing himself from fellow democrats. so why is he trying to run away from his own party? we'll have that report next. ♪
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ashley: ohio democrat candidate tim ryan is distancing himself from the democrat party criticizing their political strategies. mark meredith in dayton, ohio, this morning. mark, good morning to you. why is ryan blasting his own party? >> ashley, good morning to you. i think it's because he realizes where this state is trending in the final stretch of the
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election. you mentioned he is speaking out at some of the events as well as in tv interviews criticizing the strategy of democrats nationally and it's all coming at the same time that he's trying to win over ohio's middle class workers and he's on a bus tour in the final stretch and in dayton last night and here in dayton today. we had a chance to catch up with him speaking with the local electrical workers union and his visit was hours after being on cnn criticizing the democratic party saying they've never been good as political decisions. >> i've been known to get everybody mad at me with democrats and republicans and i'll tell you why; right. because i tend to speak my piece and sometimes i get in trouble for that, but i don't see that changing any time soon. >> reporter: now, tim ryan has chosen not to campaign with the most high profile members of the democratic party, people like president biden and supporters told us they understand why they would not want to see president biden in the buckeye state and how it may not pay off for ryan.
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>> i get it. i mean, i get what he's doing and, you know, it's ohio. so this is not california. his message may work here. it wouldn't work there. >> reporter: but ryan's opponent, jd vance is employing the opposite strategy and fully embraced the republican party in the state and he was out campaigning with the governor mike dewine yesterday and he'll be in dayton later this afternoon and tells fox he doesn't believe ryan is telling the truth about his party's support. >> clearly he has the support of the national democrats and the problem for temporal integration ryan is the -- tim ryan for the national democrats is not popular and he's trying to run away from it. >> reporter: now vance is going to be on the stump in dayton today but back here in dayton on the eve of the election, former president trump is going to be holding a rally and looking to see if it sways any last minute voters, i asked congressman ryan about the trump voters today and said he doesn't think it'll make
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a difference that the dye has been cast. ashley. ashley: fascinating stuff. mark, thank you very much. now this story, the la times has a new op-ed blasting bipartisanship and it's a dirty word. what's going on, lauren? lauren: history professor robert mickelvai n said the media is failing americans and he says journalists say they're bipartisan and shouldn't say it or act it. they should instead attack the right wing for pushing ideas, i'm cotyledonning here rem reminiscent of hitler's rise. the right wing extremist authoritarians and if we lose, he continues with the misplaced sense of balance, neutrality, and nonpartisanship bearing a considerable share of the blame. ouch. the media research center said
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80% of the coverage is negative for republicans. ashley: we know that. no big surprise. lauren: yeah. we've got to government ashley: there you go. time for trivia. yes, we co. it's the trivia question, get ready, lauren. the question is how many catholics are there in the world? 989 million, 1.36 billion, 1.88 billion, 2.02 billion? think about it. we'll have the answer when we come back. ♪
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ashley: okay. we just asked you how many catholics are in the world? lauren simonetti, final guess dose to you. lauren: 1.36 billion, she says with a question mark. [laughter] ashley: hmm, i'll go with number three. i have no clue, about 1.88 billion. well done, lauren. 1.36 billion, right on the money. that means it's 17.7% of the world's population, and 48% of catholics -- no, they took it away. there you go, that's the answer, 1.36. neil cavuto is up next. i've got a hand on the rally which i'm desperately trying to protect, and the baton now goes to mr. cavuto, neil. neil: i like that. and i would have gotten that one right.
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