tv Varney Company FOX Business November 28, 2022 11:00am-12:00pm EST
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>> the biggest resistance in mainland china in over 30 years. so many u.s. companies make a lot of money in china. we're watching it, but this is certainly going to impact markets in a negative way. >> this is going to be, potentially, the most serious uprising since tiananmen square. one thing that xi jinping will not tolerate, ashley, is civil unrest. so i think it's going to roil markets for quite some time. >> if the chinese yuan continues to weaken against the u.s. dollar, it's going to slow down a lot of growth. at the same time, this unrest is also bringing uncertainty, and markets don't like it. >> there's going to be 65 million americans shopping today on cyber monday. every one of us is trying to vetch our dollars. people are looking for value, they're going to try different brands, different retailers, different stores. ♪
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♪ ashley: oh, yes, the holiday spirit alive and well. today is cyber monday. everyone on their laptop, their computers, their mobile phones ordering away like crazy. midtown manhattan. it ises 11 a.m. on the east coast on monday, november the 28th. cyber pond. i'm ashley webster in today for stuart varney. take a look at your money, how the markets are doing. well, they're all in the red today, modestly so. the dow can, the s&p and the nasdaq down more than half a percent. let's take a look at the big tech names. apple was the bigger drag on big tech and sill is, down more than 2%, but alpa pa bet -- alphabet, meta and microsoft all down as well. and the 10-year treasury yield just ever so slightly lower,
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3.675% on the 10-year. all right, time to hook at these markets. jason katz joins me now. jason, let's begin with what's going on in china. we've seen the unrest, we've seen the protests, concerns about the supply chain, what's going on. i haven't seen anything in the big manufacturing hubs in china or the ports, so not sure when we're going to see problems with supply chain, but it's certainly casting a shadow over the markets today both here, in asia and europe. what's your take on what's going on in china. >> yeah, ash. well, the further they tighten their grip, the more it's going to exacerbate the inflation problem. that's what the markets are really focused on today. in the long run are, however, there may be a silver lining in this awful gray cloud in that when you have this sort of dissent that's palpable, in the long run it may actually weaken the grip of xi and his regime. but make no mistake about it, supply chains have already been severely impacted, and this just
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exacerbates that problem. ashley: we've seen lots of spending over the holiday so far, jason. it's cyber monday today. i think it was, like, $9 billion that was spent on black friday. this is a lot of money, but a lot of people putting it on credit card, apparently. and as steve forbes told us earlier, he said at some point, you know, some point next year we're going to pay for that because these bills are piling up, and the ability for the consumer to spend is going to shrink and shrink. would you agree with that? >> without equivocation. look, we still have this post-covid mentality where we want to get out and do, we want to live life, and there's still an abundance of cash from either stimulus checks or simply saving money for not going out for all those years. i'm not surprised this holiday's getting off of to a good start is, but like you said, credit card debt is building. and when you have the fed with their foot on the gas with respect to raising rates, it's going to affect economic growth,
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profits and, ultimately, it hits the consumer. so i do expect the consumer to waver a bit in the second half of next year. ashley: yeah. when we look at the markets, what do you think of big tech right now? i've seen some of these names coming back a little again today. do you like big tech? >> look, i think if you have the perennial leaders and they're appropriately weighted in your portfolio, sure. but most people are disproportionately overweight tech. they are creatures of habit. they bought what they knew. it's no longer cool to sit at the cool kids table. i think slowing ad spending, consumer spending, business spending and a disproportion of their revenues and earnings come from overseas, that doesn't bode well for val auations in tech. i would look elsewhere in terms of performance on a going-forward basis. ashley: all right. we'll have to leave it there but great stuff as always, jason katz. thank you, jason, appreciate it. okay, from the markets to
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the world cup. how about that? riots broke out in several belgian cities after morocco's 2-0 upset win over belgium on sunday. this is how they responded. police deploying water cannons and tear gas while dozens of rioters overturned and to have. ed cars. that's the reaction to ruing -- losing to morocco. and the u.s./edge land match did bring out a massive audience. more than 15 million viewers, making it the most watched men's soccer match on u.s. english television the ever. i know many, many people who watched it. ended up nil-nil. oh, well. iran calling for the u.s. to be suspended now for briefly removing the emblem from the iranian nag. it was done in support of human -- flag. service done in support of human rights protests in iran. iran not happy about that. guess who's joining us now? will cain. he's a sports guy. will, what do you think of the
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move, that particular move, by the u.s. national team? certainly making a point. >> it is making a point. you know, ashley, i'm a bit torn because in the past i've conferred -- considered this type of action somewhat cheap, the ultimate in modern day virtue signaling. ashley: yeah. >> i remember controversies throughout our past, for example, when barack obama was president and the then-first lady michelle obama tweeted, do you remember this incident where where some 80 odd african girls, tweeted out hashtag bring back our girls, and i ask what does that do to effectuate change? that's more about the person making the statement than the action you're hoping to effectuate. and, by the way, it puts the men's soccer team into r in -- in a difficult position. the u.s. manager was asked what do you think about the u.s. naval ships stationed off the coast of iran as though he has any insight or ability to call the shots on the deployment of
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our navy. but on the other hand, make no mistake about it, iran is an enemy of the united states of america. they call us the great satan. they subvert us through terrorist acts across the globe, and this action by the u.s. men's soccer federation has really, really upset the mullahs, has really upset the regime in iran. and as if there wasn't enough on this match, you know, win or move on for both teams, global rivals, now you have this, and i like that we're standing up to some extent against somebody who is our avow ised enemy and making them mad. finish. ashley: yeah. [laughter] that's very true. all right. i'm going to change out of the world cup to sports. another one for you, will. never yam webster, no relation, has released their word of the year, and it is the gaslight aring. the definition, by the way, reads like this: the psychological manipulation of a person that causes the victim to question the validity of their own thoughts.
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you know what, will? merriam-webster says the number of searches for the word increased over 1700% compared to the year before, which is interesting in itself. i why do you think this word word is at the top of the list this year? >> it took me a minute, and when i say a minute, ashley, it took me a little bit of time where i would have tried to look up this word to tie to distinguish it from a lie, you know? ashley: yeah. >> it's been used extensively, and i actually think it has some use. the key phrase, to me, was over an extended period of time where you manipulate someone's perception of a reality. the wore goes back, by the way, 80 years to a play in, like, the 1940s where a husband convinced his wife he wasn't turning down the gas lamps in their house, and she was like, no, i'm sure that you are. he made her think this she was crazy. ashley: right. >> but as is always the case, the people charging -- charging others with gaslighting, you're racist while harboring racist
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thoughts. you're a science denier whilst completely rejecting science. i think those who have pushed gaslighting into the popular consciousness have made us question ourselves, and you name the issue other the past 3-4 years, it's just another accusation that the person using it most often is guilty. ashley: that's very interesting. yeah, i wasn't really sure what it meant, and i also did some research, will, and i think alfred hitchcock did a movie, gaslight, which was exactly on the same -- >> yes. ashley: -- you know, line of convincing someone else that they were missing -- losing their mind. we're all nuts because of what we believe was true. so i'm not surprised it's a popular word, but i guess it speaks to the time. all right, will, thank you very much. let's bring in lauren are. you have some movers for us. let's begin with a big name, boeing. lau lauren yeah, dow stock. likely down because of the china
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covid story, down 2 the.5%. less demand for flying, right? but reuters is reporting this, and this is interesting, they're reporting that the pentagon is considering a boeing 100-missile strike weapon for ukraine. basically, small precision bombs that are fitted onto rockets that would allow kyiv to strike far behind russian lines. boeing is jointly developing the system. we'lling monitor. let's look at another dow stock also weighing on the average, that is disney. animated film strange world bombed at the box office earning just $18 million since its wednesday opening. that's over five days. it cost $is 80 million to -- 180 million to make, more to market. variety says, yeah, this movie could lose at least $100 million in its theatrical run. that is something that bob iger, returning to disney, is going to have to look at. finally, tyson and beyond meat, both of them cut at barclays to underweight.
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they took tyson all the way down to 58 from $89. they took beyond meat to 10. they say, look, there's a deteriorating market for alternatives to meat. demands, they say their internal checks down 18%. and then when you go to the food store, what do you do? you buy cheaper cuts, so inflation is a problem too, ashley. ashley: it is, indeed. all right, lauren, thank you very much. now: two people are rescuing after a plane crashed into live power lines. the pilot and passenger were trapped dangling in the air for fours -- hours. dramatic video, indeed. we'll have that story. also, the white house just gave chevron the green light to start pumping oil in venezuela. stephen moore says this decision makes no sense, and it's going to put america last. stephen moore will be joining us tomming up -- coming up. and pharmacies are running low on antibiotics and other medicines for children. pardon me cysts are also warning of dwindling supplies of tamiflu
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there's a whole host of them, as you can see from these holes on the shelves here at oswald's pharmacy. mousse new york stock exchange has some shortages, there's some other skus there. and especially for children's brands of motrin and tylenol, they're a little bit harder to find right now even though the companies say there's no shortage. alex anderson is the owner here at oswald's. i guess you would beg to duffer when you see down below -- differ when you see about the 12 products that are out of stock. when's causing this? >> you know, i think it's that combination of flu, rsv, covid and people just planning ahead, stocking up, you know? we're getting calls for people looking for it, so definitely hard to track down. and as you saw on the shelves, it's just not here. >> reporter: we reached out to johnson and johnson, the maker of tylenol. here's what they told us: some products may be less readily available due to this increased demand, but we're not experiencing an overall shortage of children's tie he medical
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school in the united states. but in your system when you look for these products and when they'll be delivered, it's days or weeks out from now. >> yeah. we're seeing back orders to mid december, mid january, some even into february. so we're just not getting the allocation, and i'm having to look elsewhere. >> reporter: and, quickly, what would you say your advice is to parents looking for any type of made case that their -- medication that that their kids need? >> definitely call ahead, especially smaller pharmacy, i'm able to order from a third party wholesaler, so we'll have generics, but speak with your primary care doctor or local pharmacist to find alternatives. >> reporter: ashley, that seems to be one of the big reasons, a lot of illness going around. ashley: yeah. very good. grady, thank you so much for that as people look for those missing medicines. grady, thanks. now in the, dr. fauci has a new warning about the covid e pandemic. listen to this. >> we certainly are still in it.
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i think you just need to look at the numbers. we're still between 3-400 deaths per day. so i think the idea that, forget it, this is over, it isn't. we're going into the winter right now. we have the wherewithal to mitigate against another surge. it's up to us to make sure that doesn't happen. ashley: by the way, just 11% of eligible people have gotten the very latest covid booster since it was authorized in september. and as dr. fauci prepares to step down from his post, he's certainly not shutting down covid lab leak theories. watch this. >> the evidence is quite strong that this is a natural occurrence. does that mean we've ruled out that there was something funny going on? absolutely. and i and all of my colleagues keep an absolutely open mind. we've got to investigate every possibility. ashley: hmm.
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uh-huh, okay. karol markowitz joins me now. great to see you. >> hi, ashley. ashley: okay. how you doing? republicans are calling for investigations into fauci's handling of the pandemic. i guess my question to you is, do you think anything will come out of that? >> well, i'd love to have him on the record. i think that he's made so many errors and so many mistakes throughout this time that i at least want to hear him say what he was thinking during every time he made a mistake. and then there were other things beyond just the mistake n. february 2021 he said that the biden spending plan had to be passed in order for schools to open. now, of course, in all the sane places around the country schools were open, but not in the deep blue areas where the teachers unions were in control. so i want to know did somebody at the biden administration tell him to say this? was this part of the biden, you know, communications plan? i want to know all about it. i want him on the record. ashley: yeah. you and many others. i got another one for you,
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karl -- karol. a new report found that 58 of the nation's top 100 medical schools have some form of mandatory coursework related to critical race theory. i find that absolutely incredible. what does this say about the next generation, i guess, of america's doctors? >> this is a disaster. with crt comes the inability of. >>s to speak up and speak their minds. they have to follow very narrow guidelines of what you're allowed to say, and we saw this throughout the pandemic also. cancel culture sort of butted into this moment where only some opinions were accept. acceptable. so you can't have doctors not being allowed to say what they really think, you know? i recently read a book about the cholera outbreak in london, you know, in the 1800s and how doctors made all these errors and, you know, if we had the same situation today where the doctors were not allowed to say,
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hmm, i think it's the drinking water, that would be an issue. it's really a problem when medical professionals don't feel they can speak their minds as a lot of them were not able to do during the covid outbreak. ashley: and what does that have to do with becoming a doctor? i'm really having a hard time understanding how important -- >> yes. ashley: -- why it should be in the curriculum in the first place, right? >> you're absolutely right. it's really wokeness has taken control of so many of our institutions. and as i like to say, when wokeness takes an institution, that institution fails. and for our medical schools to fail, that would be a gigantic problem for the country. we're having this happen throughout our society. it's not just medical schools, it's publishing houses, school, obviously, it's teachers' colleges. so many different facets where wokeness is taking over, and it's really up to individual americans to fight back against this. we can't have this go on or it's going to cause serious damage going forward. ashley: i would imagine it's not a big problem in florida where you are, correct? >>st it's less of a problem
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here, but i think everybody has to be the on guard. you can't just think, oh, this won't happen here because i live somewhere normal. but it really could happen anywhere. you have to think, again, look at this example that you gave with the medical schools, you know, that may go out throughout the country and become doctors in your community. so be careful. ashley: yeah. stay on your guard, that's for sure. karol, thank you so much. great stuff, as always. >> thank you, ash. ashley: thank you very much. a new warning about the next strain of covid on the horizon. what are the are researchers saying, lauren? lauren: yeah, this is a lab study out of south africa, one researcher, and he finds that covid evolves to become more pathogenic than the current strain. he used samples from someone inknew know-compromised and found that future variants could be similar to the original wuhan covid which is scary because you remember what covid -- it uses to be -- used to be a lot more
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dangerous, and we didn't know how to treat it. so basically it evolves in immunosuppressed individuals because it takes their bodies longer to fight off the disease. ashley: all right, lauren. lauren: didn't mean to scare you. ashley: you didn't, you're okay. two people were rescued after a plane crashed into live power lines in maryland. now, the pilot and passenger were stuck inside that small plane for 7 hours dangling about 100 feet off the ground. the crash left thousands of people without power as rescuers tried to get to the plane. incredibly, both the pilot and and passenger got out safely and were rushed to the hospital for trauma and hypothermia. but they are expected to survive. absolutely remarking. -- remarkable. very lucky, indeed. let's check the markets as we head to the break here. we are moving down as we have from the opening bell, but not bad. we're down about, what, 150, 160 points on the dow, now down 260,
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so perhaps gaining a little more downward momentum. now this: republican leader kevin mccarthy wants to investigate the dhs secretary over the border crisis. one msnbc host calls that a threat and bullying. really? all right. more on that story. protests are breaking out all across china. people are just fed up with lockdowns and other covid-zero policies. those restrictions could have major implications for the global supply chain and inflation. that story is next. ♪ and i won't back down. ♪ hey, baby, there ain't no easy way out ♪
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i'm sure it's going to go down from there the as the year moves on. let's take a look at the markets for you, the dow off, what, 266 points. down three-quarters of a percent. same story on the nasdaq, same story on the s&p. susan's been watching these markets and some of the movers. good morning, susan. let's start with the retailers. susan: okay. americans are still shopping. so we did have black friday sales hitting a record of $9 billion and mobile shopping also hitting a brand new record shopping, and that's helping the e-commerce giants, amazon and shopify, both outperforming, rallying in this type of down market. paypal also up on higher demand for mobile payments as well. so when you shop online, checkout online as well. the amazons of china also up which i find kind of counterintuitive given the anti-lockdown protests, but still these shocks were hammered in asia trade overnight, but one of those retarials -- retailers
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reporting better sales thanks to more online shopping when citizens are stuck at home. so there are some winners in this. and finally, giant multi-national corporations, think of the apples, the teslas and the disneys of the world, are being impacted by china's zero-covid policies. bloomberg reporting this morning there might be 6 million fewer iphone 14 pros this year. web bush says 5-10% of iphone 14s might be impacted, and tesla's shanghai factory is pretty close to the epicenter of most of where the eruptions of the protests have taken place. and you have to remember that tesla factory also exports to europe as well as china, and disney, about $5 billion impact with less people visiting the park. ashley: wow. all right, susan, thank you very much. and talking of that now, china tightening its security as anti-lockdown protests spread across the country as we've been seeing on social media. connell mcshane joins me now.
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connell, great to see you. i guess the question is, are some protesters calling for xi jinping to step down? >> reporter: yeah, ashley. crazy stuff when you think about it, people literally saying step down. i mean, in china, in public. are remarkable stuff for that country as this latest round or wave of protests seem to be sparked by that apartment building fire in the northwest part of the country. it was a fire that killed 10 in a high-rise, and the firefighters reportedly took two and a half hours to contain it, to then you had residents taking to social media, eventually taking to the streets suggesting maybe the covid restrictions contributed to that delay. the government denied that, but the protests soon were spreading city to city, and we have reporting coming from beijing, shanghai, wuhan, at least 10 cities we believe at this point, maybe even more. in speaking to a number of kind of china watchers over the weekend, there was widespread agreement that this is the most significant internal challenge
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that xi jinping has faced in the decade he's been in power. all tracing back, it seems, to his zero-covid policy. people are simply sick and tired of being locked down when there's even a minor outbreak of covid cases. and another thing to watch, these chinese censors, as they always do, are trying to keep news from the people. there were alleged on social media that chinese state tv cut away from if fans in the stands at world cup who were, you know, not wearing masks since some of the protesters have been pointing to that kind of thing and saying, hey, why are we so restricted when clearly the rest of the world is not? now, in terms of the economic fallout, susan was touching on this, we do have to watch apple. the recent clashes between workers and police at those foxconn factories in china where the iphones are made, the web bush prediction is that production of the iphones hit anywhere between 5-10% this quarter, but it'll really depend on how things go in the next few
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weeks. so certainly, ashley, there will be impact on american companies, we know that. but i would say economically the real loser in all of this at the moment is china, the chinese economy. it's continued to slow, you know, there's been hope in recent weeks that maybe they'd be turning the corner and we'd see an economic rebound next year. but now all bents are off, and -- bets are off. they seem to be cracking down a little bit today, but we really don't know how xi's going to handle this as the week moves on. it'll be interesting to see. ashley: it's certainly unprecedented and fascinating to follow. connell, thank you very much. let's bring in stephen moore. stephen, good to morning to you. what do you make of these zero covid protests? does china, does beijing clamp down with an iron fist? certainly, you know, the world is watching. >> yeah. you wonder whether you're going to have another tiananmen square type of moment sometime soon in this communist regime. you know, i think the economic
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impact and the financial fallout of what's happening -- by the way, here we are, you know, in the end of 2022 and countries are still locking down when every shred of evidence shows they're a complete failure in terms of trying to contain the virus and also in terms of the damage they do to the citizenry. you see that. so it's about time the chinese are protesting. but i think the big issue for your viewers is this, that there's a real move in washington to try to decouple, that's the new term, decouple the united states and the rest of the world from if china. and this, the idea that china is no longer, ash, a reliable supply source for united states goods and services. you know, you saw the hit that apple has taken because so many of the chips are made many china. so i think this is only going to accelerate the move, movement
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out of china and the supply chain to ore countries that are more -- other countries that are more reliable. ashley: fascinating. another one for you, stephen. this one makes my blood boil. the u.s. easing sanctions and grants chevron the license to pump oil in venezuela. why can't we just drill here at home? [laughter] >> so outrageous really. and by the way, i'm not against -- ashley: yes. >> i'm not against a move to allow chevron to do some drilling in venezuela, but my goodness, why aren't we allowing drilling in texas and west virginia and pennsylvania? ashley: right. >> and oklahoma ask and alaska. you know, we have a record low amount of permits that have been allowed by the biden administration here at home, and, you know, it's just, it's frustrating. and you used the word blood-boiling. i i feel same way. [laughter] this makes absolutely no sense. and all we're doing is aiding and abetting our enemies. think of now who we're ceding control of the energy markets to, venezuela, iran are, russia.
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now china's building 35 major coal plants. ashley: right. >> you know, the country that controls -- look over the last 50 years. the country that has controlled the world's energy supply has a geopolitical advantage over every other country. it should be the united states. i worked for trump. we were number one in oil, gas and coal production and now we're not anymore. ashley: right. oh, i'm going to take a deep breath and try and move on. too often moore, terrific stuff on this monday. thank you so much, we appreciate it. >> good to be with you. ashley: now this. yes, same here. a bombshell new report shows criminals are are getting off easy in new york city. "the new york post" says the manhattan d.a. has declined to prosecute over 35% of felony cases. we're on that story. the white house is reportedly pulling air a march -- air marshals off planes so that they can work on the border as the holiday season kicks off. we'll have a report from the u.s./mexico border next.
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drug coverage. with no copays or deductibles on tier 1 prescriptions, and zero dollars for routine vaccines, including shingles, at in-network retail pharmacies. in fact, in 2021, humana medicare advantage prescription drug plan members saved an estimated $9,600 on average on their prescription costs. most humana medicare advantage plans have coverage for vision and hearing. and dental coverage that includes two free cleanings a year, plus dentures, crowns, fillings and more! most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. you get all of this for as low as a zero-dollar monthly plan premium in many areas; and your doctor and hospital may already be a part of humana's large network. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare.
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♪ ashley: now this, an msnbc host is pushing back on republicans and leader kevin mccarthy for wanting to investigate dhs secretary alejandro mayorkas. roll the tape. >> your reaction to kevin mccarthy. i mean, his threats of investigations if the secretary doesn't resign. is this what we can expect if kevin mccarthy becomes speaker of the house, leadership by bullying? >> it's well beyond constitutional purviews, and i think it is what we should expect. >> that's unfortunate. ashley: well, when you don't do your job, that's what happens, right?
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mccarthy, by the way, has said he wants mayorkas to resign or be impeached. now this: the biden administration is sending air marshals down to the southern border to help with the migrant surge. casey stegall joins us from eagle pass, texas. casey, how exactly are air marshals helping out? >> reporter: well, ashley, because they're part of, the hs. more on that many a second. but first, it has been a nonstop holiday weekend out here on the front lines. we have personally witnessed at least 10 large groups illegally crossing over into the united states, and that's just been in the last 72 the hours. and, again, many one location of eagle pass and the outskirts of town. we're talking easily over 1,000 migrants. then just morning we got another one as the sun came up. that was 2 the 40 plus -- 240 plus in size, mostly cuban, colombian and dominican. resources now spread so thin that sources say at least 150
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federal air marshals are being temporarily reassigned each month to do 3 week deployments down here and assist agents at the border. dhs has brushed it off saying it is nothing few. new. >> every single year since 2006, i believe it is, the department of homeland security has relied on the department of defense to augment its resources to address the challenges at the border. >> reporter: but earlier this month a a frontier airlines flight bound for tampa was diverted to atlanta after a passenger had a box cut canner onboard -- cutter onboard. so aviation safety experts question whether decreasing law enforcement presence on planes especially during the busiest season of all is a smart one. >> kind of shocking to think about that they're taking air march shatt shalls out of the -- air marshals out of the sky and putting them on the border to
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simply do well pear checks of migrants, essentially -- welfare. >> reporter: now, tsa tells fox news that despite these deployments, that their work, of course, in the transportation security area continues just minus some air marshals. ashley? ashley: all right. fascinating stuff, casey stegall at the u.s./mexico border. casey, thank you so much. now this, the city of houston is under a boil water notice. what happened, lauren? lauren: there was a pour auto-- power outage at the city's main water treatment plant. it caused the water pressure to drop below the acceptable level for drinking. so right now over 2 million people are affected. the city's school district is closed as a result, and anyone who uses the city's water, they're being told to boil it for at least two minutes before they drink it, and they should also avoid using the refrigerator water lines as well as automated ice machines. imagine that?
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that's a warning for so many people, and they don't think it's going to be back online until tomorrow. ashley: all right. now we know. lauren, thank you very much. now this, remember smells the cat? unfortunately for that cat, he was found hiding in a man's suitcase right before thanksgiving, and he wasn't even that guy's cat. well, we've got an update on smells, so don't miss that. starbucks is shutting down another store in seattle next month. they say there's major safety concerns like theft, drug use and even physical violence. but some workers think it's retaliation for unionizing. seattle guy jason rantz has the story next. ♪ ♪
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misdemeanors. bryan llenas joins me now following the story. bryan, what is the district attorney's office saying about this? >> reporter: yeah, ashley. well, district attorney alvin bragg has said basically, look, there's bail reform, there's the 2019 reform law that also sort of made, you know, charging these cases more difficult, and there was covid-19. but at the end of the day, the data speaks for itself. you look at the t.a.'s own -- d.a.'s own web site, this is what it shows. it sews, basically, that compared to 2019 when cyrus vance was many office a, this is what the numbers show. 52% of felony cases have been downgraded to simple misdemeanors under alvin bragg. that's up from 39% in 2019, only 29% of those misdemeanor cases resulted in convictions. that's dropped from a 53% conviction rate in 2019. and in a controversial day one memo, d.a. bragg ordered his
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prosecutors to downgrade felonies and to stop seeking prison sentences in many crimes. in orders, it's going according to his plan. total crime is up citywide 28% from last year, though shooting incidents and shooting victims are down about 15%. in a statement bragg's office said, quote, the fact is we have prosecuted 459 more felonies this year compared to last, and we have 3 times as many gun convictions so far this year compared to all of 2019. we will continue prosecuting violence drivers and prioritizing safety and fairness in every case. bragg, like i said, he points to covid-19, to a 2019 reform law that led to a lot of these cases being dismissed9s and the state -- missed, but victims' rights activists say, yeah, these are policies he supports, listen. >> these are all policies that alvin bragg supports. so, you know, how can he -- it's a double-edged sword. how can he support all these
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progressive reforms and then use them as an excuse to not do his job? >> reporter: yeah, jennifer says that alvin bragg prioritizes criminals, not victims. ashley? ashley: and the numbers prove that out. bryan, thank you so much for that report. pleasure appreciate it. now this, starbucks is closing one of its stores in seattle over safety issues. they say there's been several dangerous incidents there including theft, i -- assault and drug use. good to bring in our seattle guy, jason rantz. jason, on the other side of this, some workers think starbucks is closing the sore as retaliation for unionizing. what do you think? is it crime or is it payback? >> it's crime. there's no doubt that you're going to get that talking point coming from the union activists. they said that for every single starbucks that has been closed in the area. this is not the only one that's been closed. and in the same breath as they claim retaliation, they also
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acknowledge there have been instances of criminal behavior plaguing this store. this store being hit by criminals worse than some of the other ones that have been closed. we're talking about assaults and theft. on top of that, you've got to homeless crisis that is bleeding into these stores. so they can't have it both ways. they can't call out the crime crisis and say, actually, starbucks should be doing more to stop is it rather than close shop. that's not what starbucks is supposed to do. they're not the police, they're not the city council that creates a lot of these policies that are responsible. this is absolutely absurd. this was the right move not just for the baristas who i don't think starbucks wants to see get harmed, but also for the customers who take a risk every time they go into one of those stores. ashley: a very quickly, jason, i'm sorry we're so short today, but are other businesses taking the same move, closing offices or stores? >> we're seeing this across the pacific northwest. stores are either closing shop completely or limiting the amount of hours that they're
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open. they have clearly taken steps because of what's been going on on the ground. everyone acknowledges there's a crisis, but they don't want to come up with any sort of solution other than just say, well, it's not our fault. ashley: insane. right. we'll have to leave it there. again, sorry it was so short, but great to see you anyway, jason rantz. thank you so much. >> good to see you. ashley: now this. it is time for our monday trivia question. which year did cyber monday start? 2001, 2003, 2005 or 2007? think about it. the answer will be right after the break. ♪ ♪
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ashley: welcome back. we asked you which year did cyber monday start? did you think about it? well here is the answer. i thought it was 2003. i was wrong. 2005. expected to spend 11 billion by the way on cyber monday today. i want to get to this story quickly. we have an update about the stowaway cat hiding inside of luggage at jfk airport. smells the cat enjoyed thanksgiving home in brooklyn, new york. tsa posted a picture of the cat and giant glass of wine. he tried to sneak into a suitcase bound for orlando. apparently he heard there was a big mouse in disne
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