Skip to main content

tv   Varney Company  FOX Business  November 21, 2022 10:00am-11:00am EST

10:00 am
u.s. gold corp is advancing its environmentally friendly gold and copper mining project and creating american jobs in mining friendly wyoming. with a proven management team and board including former secretary of interior ryan zinke, a tight share structure, and a solid cash balance, u.s. gold's portfolio of world-class assets are creating american growth and homegrown strategic metals as the us moves towards an electrified future. u.s. gold corp.
10:01 am
♪. ashley: what a great christmas holiday scene that is. you're looking at fox square. shake your groove thing says peaches and herb. may be a little early for that. i'm ashley webster in today for stuart varney. there are the markets in the early going. the dow up just a hair. up a 10th of a percent. s&p down .2 and nasdaq down close to half a percent. we keep a check on the 10-year treasury yield. that is down to 5.078%. oil, down four dollars a barrel, 76 bucks a barrel. down 5%. concerns about demand slowing down. that is hitting oil. bitcoin down close to 500 bucks at 16,147. now this. president biden turned 80 on sunday. that makes him the first
10:02 am
octenarian to hold office. some democrats are concerned about his age as he mull as 2024 run. mollie hemingway joins us this morning. we know what joe biden was like at 79. now he is 80. is it time for a new generation? >> president biden was never the brightest bulb in the chandelier throughout his 50 years of public service. these last few years shown a decline from where he was. that is understandable. even when he was running for office he was struggling. being in office is very difficult even on young people. you look at those pictures of presidents aging in office. it's a lot of work and rigor. people are concerned about him he is the first okay at octogenn office. the problem for the democrats don't have a great ben of people. would be difficult to move away from a sitting president. i'm sure you will hear a lot
10:03 am
more but they have a difficult path ahead. ashley: next one for you, molly, the governor of florida, ron desantis laying out a roadmap for republicans to dominate politically in the coming years. listen to this. i will get your comment. >> what we've shown in florida you can stand up for truth, you can stand on principle, you can fight the woke elite and you can win. when you stand up for what is right. when you show people you're willing to fight for them, they will walk over broken glass barefoot to come vote for you in times like these. there is no substitute for victory. ashley: mollie, he is the star right now. is the new leader of the republican party? >> well people are so excited about governor desantis because he is such a competent leader and because he is very good an issues that excite the base. i think republicans who want to emulate him need to understand that florida has two other thing going for it that result in
10:04 am
republican victories. one is that they have fairly good election integrity laws. they worked on those for more than 20 years. the republican party in florida has a ground game. that is something a lot of other state parties don't have. they make sure ballots get football lot box for republicans. most republicans throughout the country are very late to the game of expansive, mail in, unsupervised balloting. how much work needs to be done to compete with democrats in this space. people in florida not just need to have the policies, persona of desantis, but strong election laws and a ground game. ashley: i will put you on the spot, mollie. those say ron desantis on a collision course with donald trump possibly in 2024. how do you think that plays out? >> unclear. if they're both deciding to run that would put them on a collision course. both are associated with this new republican party, very different from the old party. much more multiracial, more
10:05 am
focused on getting things done. both of them together show where that republican party is going. you can see that a lot of people in the establishment want there to be a fight, perhaps they take each other out but i think the movement in the party is for strong, conservative governance and they both emulate that. they both also show that the need to take on corrupt corporate media and other things that other republicans should be learning, not just ron desantis. ashley: well it will be fascinating to follow of course. mollie, thank you so much for joining us this morning. really appreciate it. >> thank you. ashley: continuing on that theme, nikki haley weighing in with a possible presidential run. what did she say, lauren? lauren: she was speaking in las vegas to a meeting of the republican jewish coalition and she struck a different tone than some of the other potential contenders. listen. >> a lot of people have asked if i'm going to run for president. now that the my terms are over i
10:06 am
will look at it in a serious way and i will have more to say soon. for now i will say this, i've won tough primaries and tough general elections. i've been the underdog every single time. when people underestimate me it is always fun. but i've never lost an election and i'm not going to start now. >> is anybody underestimating her, ashley? look, she was u.n. ambassador under trump. she also said if president biden gets the u.s. back in the iran nuclear deal, the next president will shred it on her first day in office. i think that was her biggest hint. ashley: a huge hint. lauren, interesting stuff. house minority leader kevin mccarthy vowing to clean house if he becomes speaker. what is he going to do, lauren? lauren: very specific. he is removing eric swalwell and adam schiff from the house intelligence committee and ilhan
10:07 am
omar from foreign affairs. >> eric swalwell can not get a security clearance in the public sector. why woe we ever give him a security clearance and the secrets to america. i will not allow him to be on intel. adam schiff who lied to the american public time and again. we will not allow him to be on the intel committee either. congresswoman omar, her anti-semitic comments have gone forward we'll not allow her to be on foreign affairs. lauren: so if he is indeed speaker those three will lose their posts in january. he accused all three of them either being compromised or biased. minced no words. ashley: minces no words. i think he is onto something. lauren, thank you very much. get back to the markets why don't we. alan knuckman joins me. good morning, alan. where do you see opportunity? where do you see opportunity in this environment right now? >> i see a lot of positives we've had a nice month, run in
10:08 am
the stock market, nice bounce from the bottom. s&p is closing in on being 15% off the low and 15% off the high after all that we've seen but what i want to state here is the known notes. 242 of the s&p 500 companies talked about recession in their earnings call. so whatever you want to call it or whatever happens or not, it is more important to see how the markets react. i think we've already digested a lot of that and in the fact that rates decline if you look at futures markets going out to 2024. they're down to 4%. 2025 they're down to 3 1/2%. the markets already digested this like i said. today's a great example. look what is happening with oil. oil is down another 4%, below $80 a barrel. ashley: got to ask you, is that a real background behind you or is that a monitor? >> no, no. i'm on lake superior.
10:09 am
we have good snow. getting ready for the holidays. ashley: wow, that is very spectacular, looks amazing. alan, very quickly we get a lot of people this morning saying they like the banks in this environment. you like the financials? >> i think the financials already had a good bounce. looking for down sector. looking to tiptoe into tech. and i think we're seeing possibly the short sellers be done now with some of these big, big, tech names. for risk/reward one i like is intel. intel is 50% off its high. the pe is 10. it is a stock that nobody has loved for a while. i'm looking at april options, being options trader i usually do this from the cboe, very good. alan, thank you so much for your input this morning. we do appreciate it. great stuff. bring lauren back in. lauren looking at some movers. begin with digital world acquisition. that is down 6%.
10:10 am
lauren: the blank check company that is looking to take trump's truth social public. it is down even though trump said hey, i'm not returning to twitter but many investors are saying now that elon musk has unblocked you and reinstated you, really? make they don't believe him. take a look at this, ash. amago biosciences doubling in price right now. merck is buying them for 36 bucks a share. they develop drugs related to bone marrow diseases. merck trying to expand its portfolio. both of those stocks are up. but las vegas sands down. china shutting businesses. shutting schools in districts with high numbers of covid cases. so when you're shutting down, that is not good for some travel stocks in the casinos. ashley: no. not at all. lauren, thank you very much. lawmakers on both sides of the are issuing new warnings about tiktok. listen to this. >> i encouraged every american
10:11 am
if they're using tiktok to delete it from their phone and if they can get a new phone all together. >> if you're a parent, you have a kid on tiktok i would be very, very concerned. ashley: there is some warnings there. a top democrat even admitting that trump was right to push for a ban on tiktok. we'll have all the details for you. g7 leaders calling for a significant response following the, from the u.n. after north korea launched its second ballistic missile test just this month. we're going to talk about that as well. officials meantime in ukraine are increasingly worried about a winter without power as russian troops target europe's largest nuclear power plant in ukraine. greg palkot has the latest developments from kyiv next. ♪.
10:12 am
among my patients, i often see them have teeth sensitivity as well as gum issues. does it worry me? absolutely. sensodyne sensitivity & gum gives us the dual action effect that really takes care of both our teeth sensitivity as well as our gum issues. there's no question it's something that i would recommend. during walmart's black friday deals for days. every monday is a huge deal. get a $228 tcl 65" 4k roku smart tv. plus other hot deals. head to walmart's black friday deals for days. ♪ ♪ luxury exemplified. innovation electrified. with apple music seamlessly integrated.
10:13 am
the all-new, all-electric eqs suv from mercedes-benz.
10:14 am
10:15 am
ashley: all right. let's take a look at these markets for you.
10:16 am
been open 45 minutes on this monday. you can see red across the board, nothing too drastic. s&p down .4 the nasdaq down 3/4 of a percent. all very muted at this point. now this, the city of kyiv is facing another day of snow and freezing temperatures. officials there worry that the biggest threat in the war with russia could be a winter without power. greg palkot is in kyiv this morning. greg, what is the very latest there? reporter: ashley, there are dangers on all sorts of fronts. let's rattle them down for your viewers. down not southern part of the country there is at-risk nuclear plant right there right now. called the zaporizhzhia that cae close to, a significant nuclear incident. shelling is dangerously close to safety systems. russians occupy the plant. the staff is ukrainian.
10:17 am
both sides blame the other. in eastern ukraine, russian forces hit a oil depot. this is one more strike on the energy infrastructure here. officials today are warning that moscow's ongoing targeting of the power grid could lead to a massive blackout in ukraine a complete power outage which can he have devastating effects. rolling blackouts in kyiv and across the country. as fighting overall picks up in the east with the fall of russian-held city of kherson. there is shelling, with poor guys in trenches getting hit. the combat is affected by bad, bad weather. cold, damp snow, you name it. ukrainian president zelenskyy trying to hold the thing together. this is the day of dignity and
10:18 am
freedom who honors those who gave lives from past struggles. first-hand what i experience, there are a lot more lives being lost now. back to you. ashley: greg, great report. thank you very much greg palkot from keefe. former ambassador to nato kurt volcker joins me now. ambassador, good morning to you. millions in ukraine already without power. this is a critical situation. is this a time where two sides about to the negotiating table or is that off the table so to speak? >> that is off the table for now. ashley: yeah. >> just take a look at the situation here. russia is deliberately targeting the energy grid and deliberately targeting civilians in ukraine to enforce privation. because they can't make gains on the battlefield. they're losing territory. they have lost about the 54% of what they had conquered earlier this year including most recently in kherson.
10:19 am
what you're going to see in the coming weeks and months ukraine continuing to make incremental gains on the ground. the only thing russia can resort to is the kind of attacks on civilians. it will be a very difficult winter in ukraine. ukrainians will not give up because they are actually fighting back to get their country back. ashley: yeah. the administration asking congress to send $38 billion in additional aid to ukraine. republicans a little split over that request. the question being asked, when is it enough? what are your thoughts on that? >> i think we first off have to recognize this is not just helping ukraine but it is serving american interests. we're seeing russian weaken significantly in its threat to europe. things that we might have to face later on if they were to attack the baltic states or nato territory in poland. we're not going to have to do
10:20 am
that. russia is not capable of that. we're also seeing that this money is actually going to the pentagon to strengthen u.s. defense industry and supply lines. we're giving ukrainians older equipment while keeping some of the knew newer. this is benefit to the united states including ukraine help fend off the russians. one thing the republicans have said that is important, i completely agree, its accountability and trans parens sy. it is important for the american people to know where the money is going, what it is being used for, how effective it is so we have assurance it is not being wasted. ashley: well, to that end, why don't we just give them weapons? >> that is exactly what we're doing. we're giving them the weapons. we're not giving them cash. cash goes to the pentagon. the pentagon gives it to the defense industry. they make the weapons. ashley: got it. >> new weapons go to the pentagon. the older ones go to ukraine. ashley: where are we?
10:21 am
what is the state of play? we see that the ukraine, ukrainians have been pushing russia back. russia has been responding by targeting these energy plants and that nuclear power plant. is it a bit of a stalemate right now? how would you you know, category ize where we're at right now? >> i think we're at a phase for the next few months where progress will be slow for ukraine. mining it is not a stalemate. they will keep taking back territory. they're cutting russian supply lines. the supply lines to crimea, the supply lines that come across from russia. that is going to make it very difficult for the russian forces to sustain themselves and that's how the ukrainians will make gains. it will take a long time now. but the bigger picture here is important. ukraine will survive as a sovereign, independent, european state and russia will not extinguish ukraine. that is already clear from the way this war has gone. that is tremendously important
10:22 am
accomplish plenty for the ukrainians and for the world. ashley: it certainly is. we'll have to leave it there. mr. ambassador, thank you as always, for sharing your expertise with us. >> thank you ashley. ashley: thank you. by the way the g7 is sounding off at north korea launched a series of ballistic missiles. come back in, lauren. what do they want? lauren: the united nations security council is meeting today. north korea tested its 8th ballistic missile on friday. ashley, that one was capable of reaching the u.s. the missile is called the wason f1 7. it is known as the strongest strategic weapon in the world. japan says it can go over 9300 miles. it means yes, it can hit our shores. north korea says expect more and fiercer military responses as long as washington beefs up security in the region where they are. they are getting increasingly aggressive here. eight missile launch this is year. ashley: that is getting aggressive no doesn't.
10:23 am
lauren, thank you very much. heating bills are expected to surge this winter and the federal aid that helped keep homes warm last year, that is set to run out. so what is the white house doing about it? steve forbes will take that on coming up. a new court filing shows ftx owes more than $3 billion to its biggest creditors. this as ftx customers worry they will never see their money again. kelly o'grady has the very latest on the crypto collapse next. ♪.
10:24 am
10:25 am
10:26 am
10:27 am
♪. ashley: all right, let's take a look at these markets for you. we're down across the board but all very muted as i said earlier at this point. the dow off 74 points. the s&p down half a percent around the nasdaq too, down, .8 of a percent. i want to take a look at grindr. that company soaring on debut on friday. giving quite a bit of those
10:28 am
gains back today. grundy down 15ter. lauren: two billion dollars worth on the balance sheet. they are too getting caught up in the ftx fallout. it is amazing, we pointed out bitcoin, basically held 15, 17,000 range quite sometime. over the weekend it went to 15,000. i would say it is a confidence crisis that is going on but it is back above 16 right now. look at diamondback energy down 7%. energy is underperforming today. you have a lockdown in china. you have a "wall street journal" report that opec plus might increase output at their next meeting, december 4th. the day ahead on restrictions for russian oil that could come into place. they're increasing production up to 500,000 barrels a day.
10:29 am
finally, domino's pizza are up, they are up 2.4%. they're rolling out a delivery fleet of 800 chevy bolt electric vehicles. they provide a car for the driver to use. that is and i think an incentive to some drivers. no damage on their own vehicles. ashley: that is true. dominoes up 2 and a third. pretty good. lauren: everybody orders pizza on wednesday, right, thanksgiving? ashley: that is true. i also order it the other six days of the week t doesn't really matter. all right, lauren. let's move on. in pa court filing over the weekend ftx says it owes its biggest creditors nearly 3 billion bucks. this as the world awaits to see if sam bankman-fried will be brought to the u.s. to face big questions that is a big question. kelly o'grady in los angeles following it all with the latest. good morning, kelly. reporter: ashley, over the weekend we got just a picture
10:30 am
how big the miss is at a dollar standpoint. that new feeling showing the top 10 alone represent 1.5 billion. so for example, sequoia invested over 200 million they have written off at this point but nearly 3.1 billion owed to the top 50 and i want to highlight the lowest amount they showed was over 21 million. so this doesn't even begin to cover the smaller creditors that lost, 10, 20, 50,000. while some funds have been recovered the new ftx ceo revealing only 564 million has been found and verified at this point. so it puts into context the billions investors are owed. ftx is currently reviewing the global businesses. they indicated it will explore not only reorganization but potential sale of assets to fund paying back these creditors. often in these cases that can lead to a fire-sale. the crypto industry is already feeling the impact of these shockwaves. so these assets may be significantly undervalued in any sale that could take place. tomorrow is a big day in the
10:31 am
case. it is the first day of a bankruptcy hearing that will determine whether the case takes place in new york or delaware and if bahamian regulators will advance their claim on funds. ashley, definitely all eyes here tomorrow. ashley: absolutely kelly, thank you very much. meantime president biden leading the calls for international crypto regulations following the ftx chaos. look who is here. steve forbes joins me this morning. great to see you, steve. >> great to see you, ash. ashley: now we'll take a look at this crypto world. is it too little too late? >> obviously it is too little to save those who had money in ftx. the danger in terms of the regulation, whether they will get to the real ghost, all the governments want to do is put these things out of business. they see a threat, especially from what they call stable coins, eventually being a rival to government money. they don't like these things. they don't like the independence. they don't like the privacy.
10:32 am
so they will use this scandal to try to strangle it before it gets even bigger. ashley: should the administration do something though, steve, based on what we've seen happen with ftx? >> key thing is, to have transparency. the key thing is, if you want to do business in the u.s., which ftx did from the bahamas. that should tell you something. they have to meet certain requirements on filings and openness just like you were with a regular exchange. but beyond that, got to be careful. there is another agenda here. ashley: what would that be? >> the agenda is, they don't want these cryptos around because they can't control them yet. that's why the fed wants to cite digital money so they can see all that we're doing. there is a lot of privacy issues and battles that will be coming up. ashley: it is interesting, isn't it? the world of crypto doesn't want anyone, they do not want to give clarity in many ways because it is kind of operating under the radar a little.
10:33 am
it was you know, up until recently exposing to it sunlight is not what crypto is all about though, right? >> in terms of the cryptos themselves, they can continue to be, should be able to continue what they are doing. but if you will have an exchange where you have trading, things like that then you fall into a different category. ashley: right. >> one of the attractions of crypto from the beginning was privacy, keeping intermediaries out of the way. if you stick to that, fine. if you want to exchange like a real stock exchange, you have a whole different ball game. ashley: i'm interested, steve, do you have any exposure to cryptos? have you been tempted to dive in? >> no. i have made miss tanks in the past but not that one. [laughter]. and anyway human nature being what it is everything you do is always a game -- gain. you never talk about your losses. ashley: that is very true. we'll put crypto aside now. heating costs, i want to get
10:34 am
into this issue. heating costs set to rise 28% this year. but government assistance programs are going to run out before the end of the winter. how will people afford heat without some help? >> thing is, they will provide the help. the thing is the republicans as think take over the house of representatives should insist money come from unspent tens, hundreds of billions of dollars that they appropriated earlier in spendathon bills. they don't need a new appropriation. take some cash they have now, use it for a real purpose, helping people get through the winter. where prices are higher than they should be because of government policies suppressing oil and gas production. ashley: well that is my point. you talk with anyone these days and they talk about energy, whether it is high gas prices or people not being able to afford their heating bills and the solution is right under our feet. i just don't understand how this
10:35 am
administration can be facing what some people will face this winter. and not realize it is their policies that have created this situation? >> that is a huge opportunity for republicans when they take control of the house is introduce a bill. ashley: right. >> opening up federal lands to exploration and production and let the senate block it that will be an issue in 2024 when you have a lot of democrats coming up for re-election. it will not help democrats in the presidential election. you have oil and gas here, but you can't use it. not a winning issue. ashley: no it is not. we'll have to leave it there, steve for example great stuff as always, thank you, sir. >> thank you, ash, appreciate it. ashley: thank you. many americans are cutting down on holiday spending apparently as inflation as we know is soaring across the country. how are they combating those high costs, lauren. lauren: buying fewer gifts. pick your survey right, ashley? survey after survey show the exact same response. we're going to celebrate with
10:36 am
less. i picked one deloitte. they say they will buy nine holiday gifts this year, versus 16 last year. the amazing part we're spending about the same, $1455 because things cost so much more. the other thing is charities. this is the time of year where they really bring in the bulk of their donations. they need more help than usual. americans are asking for more help than usual but other americans are finding a hard time having extra to donate. so the charities will feel it too. ashley: yeah. no kidding. all right, lauren. leave it right there, thank you. now on to this issue. ticketmaster apologized to taylor swift fan, the swifties but its troubles are far from oaf. the justice department opened an antitrust investigation after its ticket fiasco. we'll have that report coming up in our next hour. meantime elon musk facing backlash for reinstating twitter users who were previously banned like ye west and former
10:37 am
president trump. democrats warn musk will pay a price for his new policies. susan li will have that report next. ♪. nicorette knows, quitting smoking is freaking hard. you get advice like: just stop. go for a run. go for 10 runs! run a marathon. instead, start small. with nicorette. which can lead to something big. start stopping with nicorette. (woman 1) i just switched to verizon business unlimited. it's just right for my little business. unlimited premium data. unlimited hotspot data.
10:38 am
(woman 2) you know it's from the most reliable 5g network in america? (vo) when it comes to your business, not all bars are created equal. so switch to verizon business unlimited today.
10:39 am
10:40 am
10:41 am
ashley: let's take a look at these markets for you. over an hour we've been trading. as you can see, a very muted start to the week. the dow off a third of a percent. s&p, nasdaq, also slightly lower. i want to take a look at oil if we can. it hit a new low for the year. look at that, down more than 5% at $75.82 per barrel. again that is a new low for the year. now this, one democrat senator is admitting president trump was right about tiktok.
10:42 am
come in, lauren. what is he saying? lauren: democrat senator mark warner. rare agreement with the former president about tiktok. >> i think donald trump was right. tiktok is enormous threat. so if you're a parent, you got a kid on tiktok i would be very, very concerned. all of that data that your child is inputting and receiving is being stored somewhere in beijing. lauren: senator tom cotton says, if you can, get a new phone, delete the app and get a new phone. all this followings new warnings we got from the fbi director last week, who said tiktok potential to be used in influence operations. "the hill" ran a report, ashley, suggesting it is possible tiktok could have tipped the midterm elections because young people often go there and that is where get some news, right? so we're seeing more and more people, both sides of the aisle come out to say that president
10:43 am
biden should ban tiktok here in the u.s. ashley: yes. even mr. warner agrees with the president. never thought i would see that. lauren, thank you very much. elon musk, by the way, restoring twitter accounts to some users who were formerly banned. former president trump is the very latest to get reinstated. susan li joins me right now. susan, are these reinstated names being met with any pushback? susan: most of the locked exhibit accounts are back up and running. that does include the account of the 45th president. elon musk reinstating the trump account after launching a twitter poll over the weekend. close to 52% of respondents, 15 million wanted trump back on to the website, the platform. musk said people tweeted trump will be reinstated. the latin for the voice of people is the voice of god. trump says thanks, no thanks. i will stick to my own social
10:44 am
media platform at least for now. >> we're getting a vote to also go back on twitter. i don't see it because i don't see any reason for it. truth social has taken the place for a lot of people. i don't see them going back on to twitter. susan: trump is contractually obligated to be exclusive to truth social at least for a few years. truth social has what, 10 million users? twitter with 240 million daily active users. not just trump but kanye is also back on twitter as well. already getting controversial, tweeting shalom, puzzles a lot of users for being booted off twitter for anti-semitic comments. we know twitter employees, 1200 leaving last week. there is 2500 staff left. that is a third of before musk closed the deal.
10:45 am
he is looking to file more people possibly in sales and marketing. it makes sense. 44 billion-dollar deal. he didn't really want to buy the company because he wanted a lower price. but he has to squeeze some money out of it somehow. ashley: exactly right. suzanne, thank you very much. by the way elon musk plans to make twitter subscription based could be determined by other services. come on in, lauren. give me the details on that? lauren: google and apple because they run the app stores. much is planning to relaunch twitter blue, the verification subscription product next tuesday, the 29th. google and apple stand to benefit because they take cuts 15 to 30% of subscriptions purchased on the platform. twitter blue will cost $8 a month. they will make tens of millions of dollars which is nothing for them. but the question is musk just going to hand the money over to the tech giants? maybe at first because he is busy doing other things like turning around the country.
10:46 am
i'm saying his next fight will be with the app fees that apple and google charge. we saw this with epic games and fortnight. the tech giants don't back down either. i would say get ready for tweeter versus google and apple. ashley: we're buckling up for that one. lauren, thank you very much the u.s. is gearing up for a record breaking thanksgiving travel season. aaa predicting 55 million people will visit family, friends away from home. but are airlines ready for the rush? we got that report. meantime katy hobbs almost entirely avoided the media and won the arizona gubernatorial race. joe concha democrats are adopting biden's basement strategy. guess what? it is working. he is next on the show. ♪.
10:47 am
10:48 am
hi, i'm jason and i've lost 202 pounds on golo. for me as a veteran, it transitioned from active duty service to the civilian community, it brought out a lot of stress. and a lot of us go through having sleep issues. mixed and complicated with a bad diet, i started gaining weight. golo and release has helped me and allowed me to transition into a healthier lifestyle. when you start feeling that your life is coming back to you, it's an amazing feeling, and that was thanks to golo. (mellow music) when i first started ancestry, i had no idea what to expect. ethnicity inheritance, nigerian east central from you. benin. my dad's side. there's 30% japanese. thank you, mom. i love how it gives you a little bit of history. yeah! i feel like reading this, like, these are my roots. there's just still so much to discover.
10:49 am
discover even more during our holiday sale.
10:50 am
♪. ashley: all right. take a look at the market for you. we're in the red. it is all very muted. the dow off a third of a
10:51 am
percent. nasdaq down 123. it has lost more than 1%. take a look at this headline. it reads, quote, the basement strategy is working for democrats. joe concha wrote that and he joins us now. good morning to you, joe. i guess my first question, how is it working? morning. >> well, it is working, we saw it work during the 2020 election right? joe biden blamed covid for not running a traditional campaign. turns out largely he is doing the basement strategy as president as well, right? four solo press conferences. trump had 35 press conferences during his final year. that is three times as many. katie hobbs runs for governor as kari lake. refuses almost all interview requests. would not debate her opponent. this is unheard of. she has been declared the winner. there is a recount going on.
10:52 am
john fetterman in pennsylvania. dr. oz wanted five debates. fetterman would only agree to one after hundreds of thousands of votes had already been cast. despite barely debating he won. governor kathy hochul, democrat, very few interviews and press conferences. one debate, new york 1, great station, but they were not viewing it outside of new york city. politicians are more risk-averse. the days of the challenging interview and sitting down for a tough interview, surviving it, getting stronger, seems very few politicians have an appetite. it appears it may be the right strategy. i don't agree with it but it seems to be working. ashley: too bad. because we love those combative interviews that hold them to account. i guess the best way to avoid it
10:53 am
just not do them. i want to get into this. cbs news, this is weird, resumed posting on twitter after they briefly paused activity. they cited safety concerns under elon musk's leadership. i mean what safety concerns? i don't understand this? >> you know. it is amazing that cbs had no problem with twitter censoring accounts, locking them out after the hunter biden story broke by the "new york post" in october of 2020. ashley: right. >> they didn't take a stand there for some reason, right? now they're talking about safety concerns. all i know the sun came up today, ashley. birds fly south to the winter and yes, my bears lost again. twitter at last check is still working perfectly. you talked about there before. whaling and browning, right? 10% of your workers do 90% of your work. elon musk is doing, finding out 10% who are loyal and really doing the job and 90% are wasting his time. you have layoffs.
10:54 am
layoffs at met at -- meta, microsoft but elon musk is lightning rod for the left. ashley: you mentioned the bears, usa kicking off against wales 2:00 p.m. come on, joe concha, are you watching? >> england just scored again, amazing. this game won't end. i think that game ended -- ashley: it did. >> you're english. they looked quite good. iran is not greatest team in the world. one heck of a match on friday. of course you are, but your heart is also with the hurricanes of the world and so on. ashley: very good. >> u.s. has to win the game against wales. this is the must win. iran is must win. they will have their hands full on friday with england. that is certainly a concern. ashley: very good, joe concha. you're a sports nut. you have harry kaine reference. i loved it.
10:55 am
usa, we'll continue our world coverage with joe concha. coverage starts at 1:00 p.m. that is bale on the right. christian on the left. whatever. elon musk is slamming "the new york times." come on in here, lauren, what is he saying? lauren: they're boring writing specifically. it is tragic how far "the new york times" has fallen basically just boring, cuss word. far left brainwashing. the boring part is unforgivable. why would he say this? out of nowhere? responding to a headline america doesn't deserve trump about twitter's decision to reinstate the trump account. there you go. another tit-for-tat between musk in this case "the new york times." ashley: he is involved in everything. lauren: he really is. ashley: whatever, whatever target he picks on next. anyway he is a lightning rod to
10:56 am
quote joe concha. lauren, thank you very much. still ahead, vivek ramaswamy will be here with stephen moore and rob smith. oh, yeah, the 11:00 a.m. hour of "varney & company" straight ahead. ♪
10:57 am
10:58 am
10:59 am
♪ [christmas music] ♪ ♪ ♪ weathertech gift cards have the power to wow everyone on your holiday list. offering a variety of american made products. weathertech! nice! like floorliners... cargo liner... tablet holder... boot tray... cupfone... sink mat... pet feeding system... anti-fatigue comfortmat and more. order the weathertech gift card instantly for the perfect gift at weathertech.com
11:00 am
>> that will make an opportunity for house republicans in 2024 to actually gain seats as house democrats show their true colors. and it's not for the policies that'll move this country forward. >> i've been slamming bob chapek since he took over. he was handed one of the most iconic brands in the world, and he blew it. bob iger, who's been with the company for 40 years, i've own it for 30 years, and i'm thrilled about the move. >> i'm looking to tiptoe into tech, and i think we're seeing possibly the short sellers be done now wit

54 Views

info Stream Only

Uploaded by TV Archive on