tv Varney Company FOX Business November 17, 2022 11:00am-12:00pm EST
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humana, a more human way to healthcare. >> republicans are almost 100% united behind those policies that trump brought to the party, and we're going to see a big fight among conservatives and republicans, and whoever emerges from that fight will be stronger from having had that fight. >> sam bankman-fried has really been a very obvious charlotteian for quite sometime. the question here is really whether we demand any accountability from the politician is the question. >> i still don't think it's an indictment on the philosophy of crypto. this was a ponzi scheme that needs to be exposed. >> the after mid-term election, stuart, it is the strongest period of any of the four year presidential cycle, and i believe we are going to see a significant up-tick in retail
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sales this year, and that will bring us a delightful santa claus rally. >> ♪ we don't even have to try, it's always a good time ♪ stuart: wait a minute, what is this? lauren: carlie jepson. stuart: what's our city? lauren: don't know. it's a band. you were dancing to it. stuart: yeah, yeah, 11:00 eastern, it is november 17, thursday, all day. check those markets. all right, taking another trip south dow is off 260, nasdaq is off 125. big tech all of them were down earlier. they are all still down. apple down 240 on microsoft and meta is down 2%. all right check the 10 year treasury yield, i'd like to see that, please. the yield is up to 3.79% but it's still way below the yield on the two-year, that means
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inversion that points to recession. now this. a good politician can turn on a dime, just ask senator schumer. wednesday, the leader of the senate voted to end the covid emergency. wait a minute. the emergency was used to justify the student loan handout the democrats we'lled out that handout right before the mid-terms and it appears to have attracted a lot of young voters. it worked and they bought the votes. but now, the election is over, the fake handout served its purpose, so senator schumer can walk away from it. he's also walking away from the border, despite record illegal crossings, the democrats avoided any mention, or action on illegals, but now, the elections over, senator schumer is saying this. >> the only way we're going to have a great future in america is if we welcome and embrace immigrants. the dreamers and all of them,
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because our ultimate goal is to help the dreamers but get a path to citizenship for all 11 million or however many undocumented there are here. >> [applause] >> and we will be pursuing that in the next senate. stuart: that, by any other name, is amnesty on a grand scale. it's not 11 million illegals. it's more like 20 or 30 million and they are still coming. they will be encouraged by the schumer amnesty. we've said this all along. the open border is a deliberate policy. it's not an accident. it was designed to bring in millions of future voters, and that's what senator schumer wants to do. let them in, let them work, give them a pathway to citizenship and eventually, they will vote. vote democrat of course. that's how you lock in a permanent democrat majority. senator schumer has racked up two big wins here, like it or not. the country has lost. we're all going to pay for senator schumer's political genius. third hour of "varney" starts
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right now. stuart: that gentleman -- >> lean in. stuart: that gentleman on the right hand side of the screen is david webb. you heard me. schumer is calling for total amnesty for 20-30 million people what do you make of that? >> well, you already called him out on the lie. it's not 11 million people, because if that's the case, illegals don't come here and keep coming here. look this is all about vote- buying. you said it in your commentary. this fake student debt relief never happened. again another court just shut that down and it'll never pass muster. you can't break contract law in america. what schumer is is doing now is hoping to peel back some of the latino vote which is switched when you look at the exit poll and even more away from democrats, even if they didn't vote directly for republican candidates,
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they're leaving and they are the fastest-growing block in america as an ethnic block with birth rate, so basically, democrats want to capture the next block and keep enough of a percentage to keep their majorities while giving nothing back. stuart: got it. david listen to this. former speaker paul ryan he said this to fox news digital on the 2024 elections. the evidence is crystal clear. trump is costing us elections and we know that there's a great generation of capable conservatives who are more capable of winning the general election than donald trump. i think anybody not named trump can beat biden. full disclosure paul ryan is on the board of directors at fox. david, do you agree with him. anybody not named trump can beat biden. >> half right, half wrong. there's a great group of conservatives. there's a huge bench in the republican party when you look ink across different electoral levels but he's wrong and he can't determine that.
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the republican party are the voters. the primary voters who will make that decision and right now, trump is the leader of the party he has a huge base out there, and the question is can he work his way through from his announcement recently to get to two years from now where he wins the presidency. that's up to the people, not up to me, not up to you, not up to paul ryan, not up to anyone. stuart: okay. you have the patriot awards we can tell from the backdrop there what are you looking forward to tonight, the most? >> well i'm looking forward to a guy that's hanging out in the corner here getting up on stage. you recognize this guy, lean in for a second. stuart: [laughter] >> there we go. stuart: oh, man. welcome back, pete. >> so look we're having a great time, stu. this is when we honor americans who really have stepped out, sometimes even not knowing what their day was going to start like and then those that keep it going that fight for the basic values that we all agree on. hard work, capitalism,
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opportunity, the american dream, you've heard me say it many times over and over, and then those who really raise their right hands and go out and defend this nation, our principles, and our friends around the world. i mean, when you look at it these are average americans doing extraordinary things, but continuing to help in some form of service. that's what the patriot awards is really about. those most valuable patriots and we're here in the other hollywood, not the left coast hollywood but hollywood, florida where we honor them. stuart: it's a very different group. the patriot awards tonight on fox nation starting at 7:00 eastern time, david great stuff. i'll be watching and so will a lot of people too. thanks very much, david. we better get back to the markets. we do politics and money, well it's time for money to put on the screen. dow is down 250 now and the nasdaq is down 116. mike lee is back with us this morning. now, i read your stuff, you know that. why are you not buying into this
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recent rally? >> stuart, there's just too many problems, too many things that need to be addressed. i think for starters, you look at earnings out next year. earnings are expected to grow at 5%. i'd say that number needs to be corrected bias much as 20%. i think you could see as much as a 15% decline in year-over-year earnings, as we come into that sort of corrected period and people have their come to jesus moment that these companies aren't going to make anywhere near as much money as the market expects them to make. it's going to be hard for stock prices to go higher and then add that to the fed governors out there basically saying look the fed isn't cutting interest rates any time soon and in all likelihood will raise past when the market expects them to, so if you have higher interest rates for longer, and you have lower earnings, how are stocks going to breakout hads to a new high so look this doesn't mean the stock market corrects 30 or 50%, maybe 10% but it's hard
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for stocks to outperform and go much higher over the next 12 months. stuart: we really liked you when you were at super bowl. let me change the subject for a second because you're big on the housing market, and i think the real estate market at the moment is in real trouble. if it's in real trouble, does it pose a problem to markets outside the real estate industry >> absolutely, stuart. there's a multiplier effect to the housing market. it's the first year to drop most times when you have a recession and the housing market index started this year at about 85 and yesterday, we had a reading of 33. this is a total collapse and so look, if you're a homebuilder, i really feel for you, because during covid, the way that people wanted to live shifted on a dime. then you wanted to build new houses, couldn't get any supplies and now you can get the supplies. mortgage rates are 6% or 7%, and people are starting to lose their jobs, so it's a difficult to be a homebuilder in this environment but that means
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less employment in that industry , less building, less of a multiplier effect on the entire economy. stuart: you know what has always worried me? stocks are certainly down from their highs in november of last year, and they stay down for a long time. can you see that happening? >> no. look, we're going to get through this. it's just a lot of these issues have to be addressed. i would personally like to see a sharp sell-off and the fed pivot so we can get off to the races. we might not get that but again as we've been discussing what we don't want is the fed to cut too early and us be in a recession and contracting economy where the fed needs to get aggressive and tightening again so i think it's a good idea for the fed to overshoot now. let's deal with all of the problems as quick as possible. let's rip this band aid off so we can get to the next bull market. stuart: rip the band aid off i've heard that before. mike lee, thank you very much sir. let's get back to the market here, we have, you look at the
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movers. salesforce -- lauren: dow stock. stuart: down 4%. lauren: an analyst there says the worst is yet to come for the cloud-based software firm, and the worst is coming in the next year to year and a half they call their spending an interesting word to use, and this is actually the dow's worst performer this year down over 50 %, the dow is down about 7% this year. stuart: earlier, i saw macy's up and kohl's down. lauren: look what happened. stuart: now kohl's is up what's the story? lauren: so they withdrew their guidance, right? they just gave previous guidance and they withdrew that. they blame the economy, they have to find a new ceo, all bad. same-store sales down almost 7% but stocks up 3%. it could be that we got the retail sales report yesterday and department store sales are down, so maybe investors just say you know what , kohl's, you have this turnaround plan and we believe your troubles are part of the overall economy, so you're not as good as macy's. maybe, you know, they are taking some of your shoppers who knows, but maybe it's not so bad?
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stuart: what about producers this morning told me that this is a special day at starbucks. you get the red cup. it's empty but reuseable cup of some sort. so why are workers planning a strike? lauren: at 100 cafes especially in the big cities, because they want to unionize and they don't like the way the company deals with unionization. there's about 248 certified union elections at starbucks, so what they are going to do is go on strike and hand you a red cup , but it's a red union cup. stuart: oh, dear. really? lauren: while they are striking today. stuart: isn't that cute? lauren: at these locations. stuart: thanks very much lauren. i'm moving on. hold on. the former mayor of new york city, perhaps the worst mayor in new york city's entire history, that be bill deblasio, he's getting schooled by students at harvard. lauren: good. stuart: yeah, he's a visiting fellow at that school and he, even he admits he isn't very popular. that's interesting news, i've got to say. when the harvard people turned
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down a rank socialist that's news. young voters overwhelmingly voted for democrats in the mid-terms. were they motivated by the student loan handout? i'll ask mercedes schlapp. president zelenskyy says ukraine is not to blame for the deadly missile strike in poland. so who is? a report from ukraine, next. the first-ever all-electric chevy blazer ev.
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well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about.
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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: well, the dreadful news is that russia has intensified their attacks on energy infrastructure in ukraine. greg palkot joins us from kyiv. greg this is happening as temperatures drop right around to zero. this is brutality.
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what's the latest? reporter: you've got the issue there, stuart, absolutely. it's becoming an ugly dangerous routine here in kyiv. the fox team woke up to air raid sirens again today. the russians are back. more than 20 russian missiles and drones struck ink across country. all those aimed at kyiv were knocked down but others in other cities got through. five reported killed. 20 injured. civilian energy targets, in fact , were hit. more emergency blackouts were announced. it is a new, a nasty front in this war. take a look at what we've been seeing and hearing. >> russia strikes continue against ukraine's power grid. millions without electricity and heat this week. civilian infrastructure hit by moscow's missiles and drones, amid russian defeat on the battlefield. >> militarily it is absolutely nothing but yes, that can cause a lot of suffering for civilians
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>> most power plants have been damaged as well as many transmission lines. workers raced to repair, a sign of the dangerous times the day we interview utility ceo we ended up in a bomb shelter amid air raid alerts. >> we have no choice to defend our country and to find the solution to keep this country heated and keep our people in the country to fight. reporter: keep the country in the fight, stuart, but as for the missile that landed in poland this week, originally thought russian launched it looks like ukrainian officials will be allowed to see the crash site. kyiv wants confirmation it was actually one of there's as it's now claimed by the u.s. and others, so kyiv says at least they can offer condolences to the two polish citizens killed. one good note, stuart, that u.n. broker deal to get much-needed grain shipments out of ukrainian ports. that is being extended another four months. it was supposed to end on
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saturday and you're right, stuart. as sub-freezing temperatures close in, this war is literally becoming a cold war and big fears the civilians, the residents here in kyiv and ink across country in the coming months, back to you. stuart: absolutely dreadful, greg palkot thanks very much indeed. president biden, he took only one question as he returned to the white house late last night. roll tape. >> [overlapping speakers] >> what's your reaction to president zelenskyy saying the missiles that landed in poland were not ukrainian? >> that's not the evidence. stuart: okay, we are joined by rebecca coffler, a former intelligence agent. what do you think happened here? if it's not the ukrainians, who is it? >> well, it's absolutely ukrainians. it's unintentional, obviously, but -- stuart: how do you know that? >> the forensic analysis has shown that it's a russian-made
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missile, but it was fired by ukraine. my intelligence analysis is that it's unintentional because i don't really believe all the conspiracy theories that zelenskyy did it on purpose in order to drag the united states and nato into this war. he is, you know, he is maybe as manipulative at some level but he's not suicidal, right? so that is why i believe it's part of the air defense, and the russians actually praised president biden for a measured and professional reaction, so we dodged this one, but this should be a wakeup call to everybody because this is how war starts, stu. this is what i've written about in my book, putin's playbook, that it's unintentional escalation could cause basically a war between russia and the
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united states and nato, and that, by all means, would go nuclear because they just simply don't have the capability to take us on head-to-head convention allly. stuart: so calm down is what you're saying? >> i'm saying calm down but also what i'm saying is we need to take it to heart. this thing needs to deescalate and be done with that. we talked last time, stu, you asked me if it was possible for ukraine to win and i said no i stand by my intelligence analysis, because putin is trying to turn ukraine into un liveable hell. stuart: yes, he is. i mean, we just had a report there from kyiv. the russians are shelling with missiles and what have you, energy installations, just as the temperature falls to zero that's brutality. is that the russian way of warfare? >> 100%. it is part of the doctrine, stu. the doctrine and i described it in my unclassified intelligence analysis on fox news website.
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the article is called "what is putin thinking, the state of war " and i go through the battlefield, through the new strategy of indirect action, i go through his health and mindset and what's in-stores so there's such a thing called strategic operation to defeat critical infrastructure of the adversary and so basically ukraine is now 40% is critical infrastructure is crippled. no water, no electricity, no heat like you said. the temperatures are dropping to zero, and so if there's no water , there's no sewage. if you can't flush your toilet, ukraine is going to be infested with disease. this is exactly what putin is trying to do, because he could not win conventionally, but he is not a boxer. he's not going to deliver a knockout. he's going to do a show that's mixed marshall arts judo on to ukraine choking them out of living conditions and driving them out. stuart: my goodness me.
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thanks for joining us that's an unpleasant message but there you have it, rebekah koffler. i'm sorry. stuart: tell us how you see it and we appreciate it. >> yes, sir. thank you for having me. stuart: this is a sensation to me. china reported more than 23,000 new covid cases on wednesday. they are preparing for really big surge. ashley? what are they doing here? zero covid, the policies seem to be falling to pieces. ashley: yes, it does. one city in southern china is setting up now makeshift hospitals and quarantine sites with a capacity for nearly 250,000 beds. cases ink across country have hit their highest level since april and as you say, stu, despite the zero-covid policy that led to growing public anger now, earlier this week, we show ed you this video posted to social media showing people rampaging through the streets and a city that had been under complete lockdown, beijing maybe
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softening a little. perhaps, officials ordered local authorities to stop using " one-size-fits-all approaches" and said that the public needs to be granted access to medical care and food, even during lockdowns, which to me doesn't sound like zero-covid policy so maybe a little bit of a bending there. stuart: yeah, maybe they have to this is for you, ash. the former mayor of new york city, bill deblasio, teaching a graduate course at harvard. how is it going, ash? ashley: well he is still taking heat this time from this student s. this fall, deblasio starting a new role as a visiting teaching fellow at harvard focusing we're told on issues like early childhood education and leadership during a pandemic. but all sorts of reports coming in of one of his classes the former mayor was apparently lasted by a male hispanic student from queens who ripped his attempt to end magnet school admission exams, and he did not really have an answer for that
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but it's his policing and his relationship with the nypd that is getting the most attention in the classroom. deblasio apparently admits that, you know, he was not popular among the police, and there's a lot of anger and anti-police anger and poll rating of lawlessness is what he was accused of but he says he didn't mind being unpopular. he says he was also rarely criticized for his handling of black lives matter protests against the nypd in 2020, true, but again, deblasio says he did what he thought was right, and i think he is about one of the only ones. stuart: correct. he wrecked the city and now he teaches at harvard. ashley: yup. stuart: thanks, ash. one airline just launched an all -you-can-fly pass good for an entire year costs less than some round-trip flights. we'll tell you if there is a catch. anchorage digital. the only crypto lender with a
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u.s. banking license. susan li just spoke to the company's co-founder about the future of crypto. she will bring us the highlights next. ♪ ♪ you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence.
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♪ baby you're a rich man ♪ stuart: you're a rich man too, that's the next line. yes, it is, don't you love it? and that by the way is san francisco, not a beach day. it's only 50 degrees there right now. lauren: let's go to san francisco. stuart: the beach. >> i know, but you know, you rarely see it in sf. stuart: people don't go to the beach on a day like this in san francisco. check the markets please, i'm still seeing red ink, too much of it for my liking the dow is down 200, the nasdaq is down 100 points. show me the cryptos, please. susan is with us. you spoke with was it diogo monica, co-founder of the crypto lender anchorage digital. all right big deal. what's he say about this? >> well anchorage digital is the only crypto lender that got a u.s. banking license, and was pretty matter of fact on ftx.
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>> was fraud, clean and simple. it's not a reflection of the asset class. it's not a reflection of technology. it removes trusts that had slowly been gained over the past few years. we might be see see seeing institutions that were on the slide lines about to jump in hold off on that decision and wait for a little bit longer. >> yeah, so not good for trusts and given he's the only crypto bank to ever get u.s. regulatory approval, he thinks d.c. should step in. >> it's very clear to me that out of the ftx fallouts and the alameda fallout, it's very clear we need more, not less, regulated institutions and not only that its been very clear for years that exchanges should not be doing certain activities so those must be separated and i think we're paying for not having done this earlier. >> this morning it was pretty shocking to hear the man brought into get the money back for ftx users, the man that also oversaw
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the nron collapse saying never in my career have i seen such a complete failure of corporate controls and complete absence, he says, of trustworthy financial information. now, ftx is a big holder of sola na, a cryptocurrency, token. world's biggest crypto exchange binance says they have resumed deposits and withdrawal of stablecoin so the circles and the tethers because earlier this morning, they had halted withdrawals and usage of solana based stablecoins and tomorrow we'll be getting more with, of course, binance's ceo cz. man that single-handedly brought down ftx, richest man in crypto and i'd love to hear more about where he thinks ftx and sam bankman-fried who continues to tweet by the way during this debacle. stuart: i wonder if that's legal ly a good idea. i'm not so sure. >> i wonder if his lawyers advise it. stuart: great on cz tomorrow, all good stuff. >> [laughter] stuart: okay i want to stay,
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hold on. can't leave yet. we got to talk stocks for a second. we have the dow industrials down 194 points at this point. i'm a scribing that loss to a couple of fed governors, esther george and jim bullard, both of whom made statements which to me imply that the fed is not going to pivot. >> no. stuart: now you're the market expert here. >> actually i think you're the market expert whose been so successful for 40-50 years anchoring business television but let me ask you this because you lived through the 80s and 70 s and people are trying to gauge at what point does the federal reserve take their foot off the gas pedal. i think they have been very clear in that we're going to get to 5%. some are concerned we'll get past 5% and that's why stock s are kind of wavering here this week heading into year-end. stuart: my opinion is that jay powell is not paul volcker. i don't think jay powell will force america into a wild and crazy recession like happened in
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the early 1980s. >> but some are saying you're already seeing signs of slowing. whether or not it's the jobs market. stuart: don't do it. susan thanks for stepping in we appreciate that. you bought me some time. appreciate it. back to politics. mid-term exit poll shows that gen z people 18-25-year-olds, they overwhelmingly voted democrat. mercedes schlapp with us now. did biden's student loan forgiveness handout attract young people to vote democrat? >> look, stuart. i think that that was definitely a part of it. i think biden pushing this message and giving false hope on the student loan forgiveness program definitely played a role. i also think that the message on abortion which i also think pushed some of these suburban moms in that direction as well impacted many of these races in the battleground states and obviously, with the generationz, we month that
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there are a lot of pro-lifers in the generation z, you know, you did see the abortion message also have an impact in these races, so let's remember, that generation is probably the least religious generation for the most part. it's also one that hones in on climate change and on the more liberal issues, and i think that it's going to be important for the republicans to really hone in and reach out to this group, because they are, you know, they are active politically. they seem to be obviously following a lot of the leftist propaganda. that being conservatives and republicans need to pushback on. stuart: yeah, and they were cheated out of the student loan handout. biden knew all along that it was never going to happen. he was just buying votes with your money. next case. a group of parents sent a letter to congress demanding stricter rules for social media for children. you're a mom. are there any restrictions, further restrictions that you'd
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like to see for teens on the internet? >> look i think first of all it's the parent's responsibilities to make sure that their kids stay off as much on social media where there's more parental involvement in the social media process. with that being said, we've seen , for example, some of these former facebook employees talking about the issues that, for example, teenage girls feel when they are on facebook or instagram or snapchat and what it does to their mental health. you know, i think for congress, it will be interesting to see what they do with tiktok, for example, that we know is very much dominated by the chinese government and collecting data and we've seen certain officials come out at the former officials come out and say fcc officials come out and say this is problematic, right? we should keep teens off of tik tok. it does allow for a lot of this propaganda but that's hard to pullback at this point, so i think congress is going to be
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faced, stuart, with a lot of these challenges of how they reign in social media and what restrictions they are going to put on big tech. stuart: dying to see what they do. mercedes schlapp thank you very much see you again soon. >> thank you so much. stuart: an immigrant from cuba overwhelmed with emotion, when he gets his first american paycheck. watch this. >> oh, my god! stuart: he's happy. the man says this is an opportunity he would never have in communist cuba. a supermarket chain says they are actually benefiting from supply chain problems, they are selling overstocked items at a discount and seeing more than a million shoppers every week. the chief executive officer at grocery outlook bargain market joins me next. ♪
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♪ you can go your own way ♪ stuart: you can go your own way, i like that song, fleetwood mac, that's philadelphia international airport. separately, frontier airlines just launched an all you can fly pass. 600 bucks gives you access to unlimited domestic flights for an entire year. some limitations, 60 blackout dates and flights will also be confirmed just one-day in advance. 600 bucks, frontier, for a year. our next guest is the ceo of grocery outlet. that is a supermarket chain. eric lindberg is the ceo and he joins us now. so welcome to the show. i understand that your stores sell overstocked wine, meat, cheese, snacks. where do you get this surplus from? >> absolutely, thanks for
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having us on. we buy directly from suppliers. we've had relationships going back 30, 40, 50 years just like what you'd see at tj maxx, but for the food business that's what we do so we get calls, and it's usually forecasting issues or , you know, too much of this , too much of that. we buy it and discount it to the customer and keep it turned to the stores. stuart: what kind of discount can you offer? can you give me a common example of where it's cheaper with you versus anybody else? >> yeah, so across-the-board if you shop a basket of our stuff it's about 40 to 60% cheaper than a traditional store, so your mom and pop store in town or your big kroger-type, we compare against them, and we'll beat them by 40 to 60%. stuart: that's huge. >> yeah, it's huge. stuart: are we talking bulk buying here? >> no. it's the size that you might see at a costco, but you might see it at a safeway as well. it's anything and everything in
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between. typically the way we get product , it's overstocked, so it's the last 1% that didn't quite go through regular retail channels they call us and they need to keep their forecasting working and keep product moving so we buy it, put it in our stores. we've sold amazing amounts of product, big brand names, everything you can imagine across all the categories you'd see at a regular store. stuart: eric, i'm sorry to say i've lived in america for 50 years but i've never seen a grocery outlet store. i know you got 400 of them. where are they? >> all right, well, they are all over. california, oregon, washington, idaho, nevada, in the west and then we just started open a lot of stores in pennsylvania, delaware, and new jersey, maryland, and soon to be ohio. stuart: one last one. you've got a million shoppers per-week now, i believe, in your stores. >> yes. stuart: that's up from what say a year ago? >> yeah, it's up about 10%. we're seeing a huge influx of
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new customers into the stores this last quarter we just reported earnings, sales were up about 15% on a comp basis about 20% on a top line basis, and more of it was traffic, new customers coming in than it was basket, so people are finding us because the savings and the value. stuart: eric, we love success on this program and you, sir, are a success. grocery outlet. i'll find one and come get the discount. eric thank you very much. >> thank you indeed, sir. stuart: we are talking about the ups driver, immigrant from cuba, overwhelmed with emotion when he got his first american paycheck. ashley? tell us his story, please. ashley: yeah, 37-year-old diaz moved to america with his wife from cuba just last year and he recently started a seasonal job as a driver at ups and received his first paycheck last week. the celebratory moment was captured by his wife, posted on instagram. it's been viewed by more than
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3 million people. take a listen. >> oh, my god! >> [speaking in spanish] stuart: they even added music to it, a little piano. in cuba by the way diaz worked as a professor making, get this , just $13 per-month but his wife says it means so much more than the actual money. she says her husband, for the very first time, has the opportunity to dream and he says his paycheck means he can finally have the chance to better his life and that is what america is all about. great story. stuart: love it. tell us more stories like that, please. all right, ash, here we go. let's get a sense of the market showing you the dow 30. i'm afraid there's a lot of selling. i only see what? eight stocks up, 22 are down,
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and the dow industrials are down a half a percentage point 155 points lower. former president trump losing major political donors, just a day after announcing his 2024 campaign. will trump have enough support to pull off another win? nick adams, he's the guy with the the the great australian accident and he takes that on, 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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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: earlier, we brought you the story of senator schumer who wants amnesty for 20 or even 30 million illegal immigrants. we thought that was a very important story and so is this. three border patrol agents were just shot after the coast of puerto rico. it happened during a confrontation with drug smuggler s on board a boat. the agents were hurt. we don't know how badly. we'll bring you more information as we get it. now, this. new reports claim donald trump lost three major donors just before announcing his 2024 campaign. nick adams joins me now. nick is the founder of the
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liberty and american greatness foundation. nick, welcome back. >> stuart great to be here. stuart: you're the guy with the accent. we'll get into that later. trump lost three donors, no republican officials, elected officials were at his speech the other night. you think he can win? >> he's going to win the nomination, stuart and go on to win the general election. that's my prediction. that's what i'm here to tell you there's nobody like donald trump in the republican party. there is nobody like donald trump on the conservative side. no one can pose the challenge to the system that so deeply has to continue to happen that what we had for the first four years no one can do that except him. stuart: okay, he has 74 million people voted for him in 2020 in the election. you think all of those 74 million people will vote for him again in 2024? >> absolutely particularly if it's against the most dangerous president in history joe biden. stuart: you've got this book out who is the most, the book is called "the most dangerous president in history" and the
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answer is -- >> joe biden without a shadow of a doubt, stuart whether it's the mental decline, the people pulling the strings, whether it's the policies, all of it makes him the most dangerous president. it's not particularly close. stuart: okay, you think he can run in 2024? he's going to turn 80 this coming sunday. he will be 82 by the time of the next election. >> stuart i think they will wheel him out if they have to. stuart: why? >> i believe the democrats are going to -- stuart: isn't there any talent in the democrat party? >> well look i think that they believe that he's in a safe, he's a safe pair of hands. i think they fall that we kind of abates any of the concerns about extreme, because the media have been running this protection record for joe biden. stuart: that's true. >> for almost 50 years. stuart: and an attack system against donald trump. >> oh, absolutely. stuart: maybe i misjudged his speech the other night when he declared for the presidency, because he did not look back.
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he didn't look back to 2020 and try to rehash that election. his supporters don't want him to do that i don't think. they don't want to sort that out they want his policies but not necessarily him. >> stuart, i thought his announcement speech was spot-on. he was serious, he was disciplined, he was focused. when he contrasted his record to joe biden's, it was illuminating , incredible. the first act was great. we just didn't get enough of it because of the french republican s, because of the chinese virus, and those kinds of things, but if we can get a second act which is a continuation of the first act, i'm telling you, day one, keystone pipeline comes back. stuart: that's true. >> all of a sudden the economy will come roaring back, people's 401 (k), gas prices lower, grocery prices lower, confident to be americans again, the woke stuff will start to go away again. that's what we need, stuart. stuart: okay, great accent by the way. >> thank you i've been practice
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ing for a while. stuart: nick thanks a lot, man. listen to this. the thursday trivia question. how many americans are 65 years or older? 51.9, 56.1, i don't know why it's so precise, 60.2 or 64.8 million. the answer after this. we might ask the australian here to have a guess too. >> i'd love it. 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
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stuart: how many americans are 65 years or older? there is your choices. nick adams, guess first. >> 56.1 million, stuart, going with number two. stuart: ashley webster, what have you got. >> crikey. number three, 60.2 million. stuart: i'm going with number four, 64.8 million. >> stuart varney. >> census bureau predicts that number to rise to 73 million in 2030. my thanks to nick and ashley great performance today. don't forget to send in your "friday feedback." you, send your thoughts to varneyviewers@fox.com. that is the way to go. that is fan friday, send it to the same thing there. varneyviewers@fox.com. i got it. david asman, it is yours. david: stuart i feel out of it. i have an american
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