tv Varney Company FOX Business November 15, 2022 10:00am-11:00am EST
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sounds like bob dylan. stuck in the middle. good morning, everyone, 10:00 eastern, let's get straight to the money, the dow industrials up 300 to, the nasdaq composite about close to 300 points. favorable news on inflation at the producer level and the decline in the yield of the 10 year treasury. look at this now please. the 10 year yields 380 one. earlier it was 376. the nasdaq stocks really liked that. the price of oil not doing much, down $1.15, $84 a barrel, bitcoin in the center of the crypto mess still holding below $17,000 per coin. don't know who is buying that at the moment but a lot of people are selling. now this. tonight donald trump makes his big announcement, almost certainly running for president. let me put my opinion upfront.
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i don't think he can win and in running he bitterly divides the republican party. why can't he when? what was popular 6 years ago is not so popular now. 's hand-picked candidate lost in states that could have given republicans control of the senate. his name calling zingers are not funny anymore. ron sanctimonious is not working. the suspicion is that he's declaring early to clear the field of rivals but that only works if his competitors are afraid of him. desantis, nikki haley, mike pompeo night likely to bend the knee. trump can't shake off his loss in 2018, 2,020 and 2,020 one when he lost the senate with his attacks on georgia republicans and now 2022, the defeat of dr. oz and carrie like of arizona, those losses gave the far left democrats and
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opening which they have exploited at the expense of the country. through this candidacy into a divided republican party and you've got chaos which works to the advantage of the left. why are democrats urging him to run? they know they can beat him again. i know this is contentious stuff and i'm upsetting a lot of people so let's bring in mike huckabee who is a trump guy. it is decision time for republicans, should they choose a new generation to look for a generation who looks backward, where do you stand? >> i love the introduction, this is very contentious stuff. let's bring in mike huckabee. let's throw a match on the gasoline. stuart: you are a nice guy, you could calm things down. >> i love trump's policies. i love him personally. i wish people get to know around him off the change was the trump the rest of the
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country would see and they would find him entertaining and enjoyable, not so combative. you can be the most likable and fun guy to be around. stuart: i had dinners at the white house and he was charming and entertaining in the extreme and i loved his policies but i think 6 years on he can't win. do you think he can win in 2024? >> i didn't know he could win in 2016, the he beat the rest of us including me i decided he could and should and supported him and supported him again in 2020. here's what i do wish. i wish he would hold off on this announcement. i know he's not going to but the timing of it has no value at all because we need to get through the senate race. i'm campaigning for herschel walker, every republican wants to make sure we win the race. that's the only election i'm
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interested in between now and when the slate is clear on these elections and run offs, then we can start looking at 2024 but not a day before. stuart: the republican party at this point, this is my opinion again is somewhat chaotic. leadership in the senate, in the house and mr. trump throwing it in, would you disagree that the republicans are in my opinion in a state of chaos? >> i don't disagree and i think that's normal when we don't have expectations met that we thought we were. all of us saw a red wave coming. i certainly did. i couldn't believe this country would continue to vote for democrats given the open border, inflation, crime rate, disastrous management of things by president biden and his ineptness, the man can't finish a sentence and there is no way people are going to vote for these guys but they didn't i don't understand it.
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i'm scratching my head to figure it out. i don't get it to this day and i don't think it is all donald trump nor is it all his fault. i don't think mitch mcconnell did us a favor by going against the people's choices. that's not smart. he should have just said if the republicans in a particular state pick a nominee. we are all in florida and i've seen at play out before when the republican hierarchy in washington refused to support the candidate the state level. they got to stop doing that. they got too many consultants, too many middlemen and they need to let the voters in the people who are on the ground make those decisions, be a team player or don't. stuart: fair enough. and thanks for being with us this one, you calmed everything down. it is a good thing. thanks, see you again soon. there is a big democrat super pac launching what is called a tip line for anyone attending trump's announcement tonight.
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what are they -- lauren: is called american bridge 20 first century, grab your smartphone, head tomorrow lago because they are inviting folks who want to hold trump accountable to send tips about anything interesting or newsworthy they see, fire up your phones and document what you see. they are holding no punches because the communications director said we expect mar-a-lago to be crawling with fringe weirdos and potentially known right-wing lunatics. i think that's insulting and words like that rile up trump supporters even more. they should not be talking like that. a one interesting angle on the whole thing. one incoming house republican warning his party against launching investigations once they take the house. >> george santos just flipped a long island new york seat from blue to red, he says wait before you begin any investigations that could be considered divisive.
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>> a part of the party want to go into these investigations that is their prerogative, don't want to waste time in washington engaging in hyper-partisan issues, i want to come here to deliver results. i want to go back to the district, dollars for public safety, bring back dollars for education, bring back resources, making our country energy independent. not saying they are waste of time but they shouldn't hold priority over the issues at hand which are affecting every american's day-to-day life. >> is not saying don't investigate, just wait a little bit, don't do it right away, concentrate on fixing the country's problems. of the next case, move on, headline in the wall street journal, the decline of work. when you withhold your human capital you steal from everyone. scott shalladdy. i read that article and it seems like some elements of the workplace have been reduced to
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ridicule. what is this about a ceo of a fortune 500 company spending a day on pet bereavement. has it come to this? >> it has. the more this permeates our daily lives when it comes to work, i find myself at my age, 57 feeling the world passed me by. doesn't make sense to me because i come from a background, i thought long and hard about this article once you sent it to me. one of the lessons i learned in my life as a young man or young boy came from my father and grandfather on both sides which were world war ii lessons and the great depression lessons. what it is like to put in a hard days work just for the feeling for you, not trying to prove it to anybody else and somehow we have gone from that environment and life lessons that were taught to me to now the life lessons are how many
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likes can i get versus what is the outcome going to be, no one cares about the outcome but how many likes will i get and we don't have the intestinal fortitude like we used to have, but if there needs to be a job being done and there's off the clock, most people will go home now. they won't finish it because they don't believe there's anything, what is in it for me lately, not about -- the collective the team and getting something done. what's good for me and that's the problem. we lost a lot of life lessons from the greatest generation. stuart: i agree with you 100% but i've got 30 seconds to talk about inflation. 8% at the producer price level down from september. have we passed inflation in your opinion? >> i think we should be careful.
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don't think it is anytime at 7.7% cpi to take any victory laps because it is still really high, it is like me taking a victory lap because i lost 2 pounds on my latest diet, got to be careful about getting over your skis. stuart: that was a very good analogy. you are an original and we love it. come back soon. good stuff. we have movers this morning including amazon which is 3%. >> the news isn't good. reported job cuts to the tune of 10,000, the founder jeff pazo's was on cnn and he said the economy does not look great. he recommends households delay extensive purchases but shares are up 3. 2%, you have interest rates down, that helps and then there's coverage. blue in the big bank says outperform and where you go. netflix, and upgrade. >> bank of america to buy, the price target going up 23% to
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370 thanks to the advertisers and subscribers. stuart: wires october at the top of the most active list? lauren: it is developed exclusively for identity verification at the department of defense, 3 million personnel. stuart: that definitely helps. senator josh howley demands answers on the push to combat disinformation. he says alejandra mayorkas is hiding documents from congress about the border. president biden says he had an open and candid conversation with xi jinping but facing backlash for avoiding pressing issues like china buying oil from russia and edward lawrence has the story. the president says there is no imminent threat china will invade taiwan. some republicans disagree. role it. >> anything he said in recent weeks particularly as he
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secured of third term i fear competition over taiwan is increasingly likely not just in the next 5 years but perhaps the next two years. stuart: former ambassador kurt volcker takes that on next. inte 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, low fixed rates, and borrow up to $100k. go to sofi.com to view your rate. sofi. get your money right. ♪ [ marcia ] my dental health was not good. i had periodontal disease, and i just didn't feel well. but then i found clearchoice.
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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. stuart: inflation at the producer level using back to 8% even, not good for mainstreet but wall street loves it, down dusters up 300, nasdaq up 269. president biden and china's president xi jinping did not bring up russian oil during our talks.
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edward lawrence is in indonesia. is china going to stop doing business with putin? >> no and nobody expects china to. the treasury secretary tells me they encourage russia to sell oil on the open market but china, they want to make sure china gets at a discount and russia doesn't make revenue they thought. it is interesting, the president was supposed to go to the g 20 dinner. he skipped the dinner at the last minute, he had a very long day as well as things to attend to at home. anthony blinken went to the president's place and it was all about energy transition spending. >> we are focused on and investing together, and in june i join my fellow g7 leaders to
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address partnership for global infrastructure and investment, with a collective goal of mobilizing $600 billion in 5 years, or sustainability and innovative futures, with low and middle income countries. >> for example president announced helping indonesia support coal plant decommissioning to finance markets and solar project in honduras, investments in healthcare and critical mining supplies in brazil. mike pompeo says going around the world giving away money for climate change will not help the american people. >> the primary mission that appears to take american money and support the climate change plan, listen to his press conference, doesn't matter what i think but i think xi jinping
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would have seen that as weakness. >> reporter: the president will resume his normal schedule tomorrow and he's going to meet with the new uk prime minister before leaving for the us. stuart: enjoy bali, a very nice place. former ambassador to nato kurt volcker with me now. there seems to be a split in the administration, negotiate now for peace or keep pressing for a wind. where do you stand on this? >> those arguing to keep pressing now are absolutely right. putin is not ready to give up, he wants to fight more and the ukrainians are doing well, they will make more gains in the south and east. putin will be ready to negotiate when it is clear that he's losing or when he's not
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ready to negotiate people in russia will face the consequences on his leadership and losing the war. stuart: president biden said there is no, quote, imminent threat the china are going to invade taiwan. stuart: >> president biden: there will not be a new cold war. no attempt to invade taiwan. the one china policy has not changed. we oppose unilateral changes by either side, and maintain peace and still he of the taiwan straits. stuart: no imminent invasion of taiwan. some republicans tell us there could be an invasion within two years. where do you stand on this? >> the definition of the word
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is, the definition of the word imminent, is imminent next week? probably not but within a few years, quite possible. what i found lacking in statements, the emphasis needs to be on prevention and deterrence, china will not be swayed by the words of the president but impressed by what forces we have in asia, what we are doing to freedom of navigation, relationships with other countries, military exercises we do. we have to show strength and it is the strength that will prevent a war rather than words. stuart: did president biden show strength in bali? he missed the big dinner tonight and give a lot of american taxpayer money away to middle income and lower income countries. diddy show strength? >> i think we needed to convey a different profile for the united states, when that is robust with monetary presence in asia, clearing statement about freedom of navigation,
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territorial integrity for all the countries and consistency about our engagement and we didn't display that this time around. stuart: mr. ambassador, you covered two big stories almost simultaneously, back to back, you do it so well, thanks for being a guest on our program. >> were very kind. blue when no, i'm just conscious of how successful you are on our program. see you again soon. florida governor ron desantis won reelection by 20 points, a landslide, jonathan morris has an idea what gave him such a big win. republican governor's association, the republican governors association, did i get that right? is in florida for its annual conference. there's a lot to talk about. who leads the party? a live report from orlando next.
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stuart: we are one hour into this training dan the rally is holding, good news on inflation, wall street down to 8% even at the producer level, wall street loves it, dow is up 300. lahren looking at the movers, disney up 2%. lauren: sorry to tell you disney is taking prices in time for christmas starting december 8th so for 1-day ticket to the magic kingdom starting at $124 a day, it goes all away to one hundred $89, that's where the 9 days between christmas and new year's are essentially. up got 114-179, hollywood studios one hundred 24-one hundred 79, there you have it. stuart: that is extraordinary. stuart: lauren: people will pay it. stuart: who can afford that? lauren: it is an experience, you typically do it once and parents break the bank to do it.
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be one brits used to come across to florida because it was cheaper. now they spend extensive american dollars. bar american airlines flight attendants doing? lauren: they are picketing from 11:00 so any moment until one:00 at jfk, boston logan and other airports, they want a lot of things but mainly more rest time in between flights because the airports are so is the and carriers, schedules are all over the place, they are exhausted. stuart: what is with warner bros. discovery? it up nicely. lauren: the ceo says the advertising market is we currently than at any point during the pandemic. it is going up even though that is what he said at a conference. stuart: the republican governors association conference in orlando, top of the agenda, the future of the republican party which mark meredith, does it look like there's a split?
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>> reporter: it is early in the day. the conference is underway but i would say there is a split because after the midterms all talk about who is going to washington but in orlando we are hearing from people who won statewide races, going to places like iowa and new hampshire and beyond, talking about 2024. whether donald trump officially declares running for another term, we heard from some of these republican governors who would like to see the magm movement continue and others say it is time for a new message. >> one of the messages from the election is for republicans generally is we need as a party to move past donald trump. >> reporter: it is a horrible
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time for big political statements. saving it for early 23 would be my message. >> reporter: we expect to hear from governor sununu. he will be on a panel with other republican governors talking about the future of the party, people like governor reynolds and kristi noem. governor desantis is not making remarks publicly. it will happen later this evening and sidestepped questions about what is happening with trump and his own plans for 2,024 but you talked about the split in the party. we will also hear about the issues these governors feel they can make progress on it new governors in office for the first time like sarah huckabee sanders of arkansas she just touched down a few minute ago, we will catch up with her. low bob lombardo, whether they are all playing friendly or will be distracted by what is
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happening down the road a little later on. stuart: some agreement among republicans. there is your headline. jonathan morris joins me now. governor desantis won in a landslide. why did he win so big? >> talking about principles. i go directly to principles. policy ends up. we have a messenger in desantis, anybody who knows him personally, he's not a charismatic guy but he's a strong leader, a strong operator manager and principles even in tough times when government was saying we need to lockdown he said hold on, people have a right to make decisions for themselves. stuart: what do you make of the messaging and principles of donald trump?
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>> we ate -- 8 years ago when donald trump came down the golden escalator and everyone thought he was a joke. i talked to my parents who were very traditional, very put together, traditional values and they were enthralled by not the messenger, they knew he wasn't perfect like all of us are but he said this man has a message that might be able to be taken directly to the democrats. what has happened is donald trump, after florida election, he started name-calling and started going after the very people holding up those values. going after desantis, youngkin, people like my parents, a lot of people said hold on. this was never about the messenger.
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we always knew you were imperfect like all of us are but when you confuse the message and make it about yourself, we are done. i did a little thing on social media, 400,000 people, how many pro trump people are now saying we are ready to move on? it was about 9 to 1 saying it is hard to do this but we can't have somebody who has been so strong for our message and so successful in our message say it is actually not about the message, it's about the messenger. either he is going to have to pivot or people are going to be dropping him. stuart: i don't think he can win. if he's the candidate in 2024 i don't think he can win, because of the people in your survey going 9 to 1 against him. >> it was not scientific in any way but i look at my in-laws,
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my parents who were willing to put up with so much stuff from donald trump going against their own natural inclination, his brazenness, name-calling, because the message is strong. when you get rid of the message and say desantis doesn't know what he's talking about our youngkin is terrible, that saying i don't care about the message, i care about myself, that's not going to fly. stuart: thanks for being part of the debate. it will continue for some time to come. thank you. ashley, come on in. i want an update on the lawsuit against governor desantis for the migrant flights. >> of florida judge throughout the lawsuit but let's the door open for future legal action, from miami, claimed the desantis administration didn't follow state guidelines when it flew from texas to martha's vineyard in september, the
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litigation, money was spent on food, hotel rooms and haircuts for migrants in texas before they were sent to massachusetts. florida spent $1.5 million to relocate migrants, governor desantis is not authorized to spend florida dollars in texas. a circuit court judge said the complaint lacks specific details and dismissed it but gave the plaintiffs weeks to submit another suit in more detail. stuart: republican senator josh halolwley accuses alejandra mayorkas of withholding information from congress. ashley: he said the dhs tried to suppress speech to combat disinformation. senator howley accusing him of
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blatantly disregarding congressional oversight and violating statutory law. it comes after a report that claimed even after dhs dissolved the controversial disinformation governance board the agency continued to work with big tech to combat disinformation on covid vaccines, racial issues, withdrawal of us troops from afghanistan and ukraine aid. among the revelations was a leaked document showing the reporting system which allows government officials to directly flag content on facebook or instagram and request them to be taken down. mayorkas due to appear before two committees later this week and also sits on both of those panels so be prepared for some heated questioning and mayorkas facing questions from the homeland security can the on capitol hill. lots of those folks to discuss. stuart: back to you later. an exclusive report by
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transportation secretary pete buttigieg works with dark money environmental groups. reports reveal crypto boss sam bank superman freed followed millions of dollars to democrats before his company collapsed, kelly o'grady has the full story next. ♪ ♪ it's nice to unwind after a long week of telling people how liberty mutual customizes your car insurance so you only pay for what you need! (limu squawks) he's a natural. only pay for what you need. ♪liberty. liberty. liberty. liberty.♪
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- it's a good thing. - why don't you get the facts? like these folks did. - [narrator] call right now to receive your free, no-obligation info kit. call the number on your screen. stuart: crypto boss sam bankman freed funneled millions of dollars to democrats before his company's collapse. kelly o'grady to break it all down. >> reporter: these made the more of a headache for congress than expected.
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expecting how big a friend sam freed has been to the democrats. we did some digging and in the midterm elections he gave $40 million, 92% of those funds wednesday democratic candidates or left-wing groups. the majority went to protect our future pack and guarding against pandemics, that is our pack he founded run by his brother in addition he endorsed 25 democrats in congressional races this cycle. the donations are those made to kiersten jell-o brand who sponsored a bill for commodity futures trading commission at the helm of regular in the crypto market sidelining the ftc. that would deliver a big win for the industry since gary gansler has taken a stance towards cota. bankman-fried was the champion meeting treacly with white house officials. critics question how much of that influence was due to the money he funneled to candidates. it doesn't stop there.
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in a podcast earlier this year the former ceo made clear he could spend $1 billion on the 24 elections especially if donald trump were to run. we reached out to recipients of these donations of not received comment back but some question of these campaigns should keep the money especially when customers may never see there's. stuart: give it back, come on. thank you very much. sec chair gary gansler met with bankman-fried before fts's collapse. any idea what they talked about? ashley: gansler had a 45 minute zoom call with bankman-fried where they discussed a new crypto trading platform. if approved it would have given the former chief a jumpstart on the competition with a trading platform that would meet sec standards. ftx had been floating the idea
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of a joint venture with stock exchange i.e. x but gansler was lukewarm to that proposal but gansler was mounting a regulatory assault on the crypto business but critics in congress in particular questioning why he missed the ftx debacle and whether the sec has the authority to regulate digital points. lots of questions to be answered. stuart: they will answer those questions forever. what is this about pete putin judge --buttigieg meeting with dark money green groups? ashley: the transportation secretary's internal calendar was obtained by fox news digital. he met with several anti-fossil fuel groups including the league of conservation voters, natural resources defense
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council, securing america's future, energy and climate action campaign, these meetings came when supply chains collapsed, gas prices, air travel have become a nightmare, the environmental groups advocate a transition to a green economy but experts argue it would cause a lot of pain for consumers in the form of high prices and blackouts during periods of high electricity demand, maybe stick to getting the transportation system to work smoothly. stuart: there were a record 230,000 migrant encounters, democrats winning the senate and republicans may be having a slim majority in the house, more will be coming across. tom homan is the border guy, he's fired up and on the show coming up.
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donald trump expected to announce his 2,024 presidential run tonight. virginia lieutenant governor says it is time for trump to walk off the stage. i wonder what brian kilmeade thinks of that next. ♪ i fell into a burning ring of fire ♪ i went down down down ♪ and the flames went higher ♪ it burns burns burns ♪ the ring of fire ♪ it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪ there's no going back. it's walmart's black friday deals for days. every monday, huge deals will go live.
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develop or worsen. serious allergic reactions may occur. watch me. stuart: the rally holds. it is getting better. dow is up 250. inflation numbers at the producer level favorable for wall street, not necessarily mainstreet, 8% inflation, big tech all on the upside. interest rates are coming down. and 5 seconds the person on the right-hand side of the screen will appear. it will be brian kilmeade, donald trump makes the big announcement in mar-a-lago a special to announce 2024 candidacy. plenty republicans want trump to get off the stage. what do you say?
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>> elyse stefanik, matt gaetz, jim banks securely there, others say i will support the nominee, a lot of people keeping powder dry as want to turn the page. for the first time ever since i have been hosting the show i had more people tell me i voted for trump twice and won't do it again, the biggest tactical move that donald trump made besides the rally on january 6th has been going after desantis and youngerkim, they defied their favorite kid in their family. stuart: i don't think trump can win. if he is the nominee for 24 i don't think he wins. what say you? >> another wrinkle, the 2016-20 game plan will not win. it will get republican votes but you don't win with republican votes, you win with
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independents and moderate democrats who do exist. it is clear it can be done if you look what happened in certain races. in new york, another seat delivered in new york and florida, we have been over that. people want to point to crist being a week opponent. if people don't like the opponent they don't vote, they went out of their way and voted for ron desantis. a lot of stuff he's doing people relate to. i bring you to what bill marr said, ron desantis scares him because he has everything donald trump has without the crazy and does a lot of thing, his younger military background and law background that seems to relate to every man. that cuts democrats upset but he doesn't have the charm and relatability, donald trump has a special thing about him i've never seen another politician have including barack obama. a billionaire that relates more to blue collar.
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stuart: senator ted cruz talked about what republicans focus should be moving forward. role that taper. >> political conversation revolved around donald trump. i want to talk about the policies and principles we will champion that will help people stop the disasters that are happening, stop inflation, drive gas prices down, stop the out-of-control crime and policies that finally secure the border. i think we need to be a positive, results oriented party and we need to present a clear alternative. a one is trump going to talk about these issues or himself? >> more than likely himself but among the things people say is what i did great is sealed the border. it is not seal. what i great is energy independence, maximize the drilling opportunities and
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streamlined permitting process which is all true, addressing what ted cruz said. can you do it without inciting, mocking glenn youngkin's last name saying it sounds chinese or mitch mcconnell's wife because she is of china taiwanese descent. i don't think that's the stuff american people want to. people want something more to the middle. we tried the partisanship and i think senator schumer picked up on it. not saying he is sincere but he said i want to work with republicans. i never heard him say that. i wonder if he saw something in this vote. we went don't know about that but almost everybody i talk to who voted for trump in 2016 is now tired of him and don't want the name-calling, the chaos, the bitterness back in american electoral politics. >> last word is the 2015 trump
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who was on every network, wolf blitzer or sean hannity, that guy was fun. he got angry because he wasn't treated fairly but if you could dial back to that guy with a new 2024 strategy he can do it but at 76 years old does he want to? that's the key. stuart: he is absorbed in himself in the 2020 election. thank you very much. >> appreciate it. stuart: rachel campos duffy, john homan, so many people put money in crypto when your neighbor is telling you how much money they are making. why not jump in? the fear of missing out. get-rich-quick is attractive. "my take" is next. ♪
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