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tv   Varney Company  FOX Business  December 8, 2022 10:00am-11:00am EST

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>> moves like jagger. stuart: moves like jagger and did you know and also little time on this, did you know the mick jagger coming to the same college as i did and have the same tea tutor as i did in colle come the british system you know, teacher. >> you're looking to need extra help an extra special students stuart: i'm trying to be sort of entertaining your soon a you in the same band and grad school. >> no he was there five years ahead of me have the doctor roy come the same to recover the professors that you be with on a regular basis, usually the bar by the way, to buy drinks and that's her you mess with. >> evereverything sounds good ar a couple of rigs. stuart: he was quite a gynecologist good morning everybody, let's get to the money, hundred screens, it looks like a rally to make of the dow
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is up to 50, most deck is up over 100 points i'm close to the end of the year, close to christmas, and ascetic clouds round may be any guild of the ten year treasuries now at 3.48 percent, and is people everyday, that is when anything yield on the to your, envision bitcoin same story 16000 and change and is always like that, and that is a markets nl this. >> the price of gas is now lower than it was one year ago in the national average for regular, is 332, compared to 334, in december of 2021, and okay so only couple of since lower but it is low work and better yet, hint wisconsin, missouri, kansas, tennessee, alabama, this is to become a arkansas, louisiana and texas and oklahoma, you can philip for less than three bucks a gallon of regular has a two handlers they say in at least ten say
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said this was more money in your pocket, ready for christmas and help bring down inflation feel so bad about filling up the tank when it does not break the bank however is not all good news, the diesel remains stubbornly higher than it was a year ago, i5 bucks gallon now, and 362 in december, of 2021, and that is of a whopping, $1.38, so truckers and farmers and heavy equipment operators are all getting arts, and so are homeowners who use heating oil which is virtually the same as diesel. no matter what the president said about oil company profits, with a gas station price gouging, and the price that you pay for energy is all about, supply and demand pretty as her just think what you would be paying now, if we had not cut the supply of oil and closed it down pipelines two years ago. in the gas maybe down, but the president and presence energy policy is still a failure and just getting started with his second hour of varney & co.
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♪ ♪ stuart: professor brian number, is gracing him with our his presence one more time and do you agree with me. guest: i'm glad you mentioned diesel begins it's hanging at a high level down the problem is the reduction in gas prices, is all due to bad news, hit is the coming recession and its concerns about demand drop and is not a good news story, is like we have more refining capacity, we don't have a million barrels a day less and nobody's approving pipelines and it would help northeastern's and the reason that you see two bucks in the midwest and then the south, and out of the northeast, you cannot get diesel here or gas here. stuart: that's true and stay with me for the hour and thank you i know this, our views in our opinions on crypto's, really turned sour following the collapse of ftx about is it lauren. lauren: will unite were always critical now say that but it's pretty bad yes it is bad for all
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americans and 8 percent of us have a positive you on crypto that's it a percent, and reputation, what you think of crypto currency has central to his evaluation, correct and most of it is like 90 percent of it is retail investors mom-and-pop's and how about something is how you invest. so there are putting their money into it but what surprised me so much as there's been a question in the survey, about regulation, really was split between yes, i think that we should regulate crypto more and yes, don't bother so that suggest there is no fix to make you feel better about and more confident about investing because if you say that everybody thinks is regulated it will be okay, that is not what the survey found they do not think that in some do. stuart: if it's something that jumped up to 22000, then were all off to the races because it's a gambling ship essentially when it's going up. guest: it is.
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stuart: went amid are you edging. guest: no one hedging anything is a good thing that people have lost confidence and i think this is now sent the needs less mania and i will going to get to a better spot if people say you know what, maybe is not all it was built up to be in by the people do not trust regulation without knowing what we are talking about regulation does not fix anything in certain relations might for the idea that the government must have been, that does not mean that things will get better immediately. stuart: you never owned don't. guest: i never have because a fundamentally did not understand the value of it good-if you don't understand the value you should be careful about buying something. stuart: well i did but a small amount of money, for my very young grandchildren the theory well that he is 60 years before he's going to cash in and mike levine and we've lost a two thirds of the money that it would to the little guys account is gone. and until we got to go before i
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put foot in it so let's get back to the stock market and marcus with me, and market, is the fed raising rates is starting to have an effect bringing inflatin down. guest: it is and you see that across the board and some commodity prices and numbers obviously the downtrend in the building supply and the housing prices and rentals are in decline and we have seen used car prices decline which was as you recall, was one of the big catalyst the spring jump in inflation. so the fed is working and it is tightening and it's slowing the economy. stuart: how far do we go this tightening, is the job almost done. guest: well that is difficult to say because while it is low income coming off of an almost - inflation they continue to say the target is and that is a huge drop ever going to need method demand destruction together and that is a lot of pain in the
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labor market and there is some on the fence that will not want to that they happen so it will be a really interesting dynamics of the fed policy really is in a gray area now which is why for investors i think that is a very uncertain time. stuart: do you like my idea of buying and holding a two-year treasury w laughing because i think you do like the idea enemy on into your treasury, you get 4.3 percent, and if you hold it for those two years some you get less, solid interest rate, you get a tax break on the interest and people could possibly go wrong. guest: but you correct and if you're in a high-tech state is close to 4.7 after tax equivalent, and into your summa there is no default risk you hold to maturity coming get your money back and apart at least depending on what you paid and for a balanced investor, a concern investor and 70 was just with speed up by this market, you can argue strongly against that and some of that risk i see
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are that if the stock market takes off in six or 12 or 18 months from now, and you're clinging to your to your treasury, you might miss the early stages of what is overly of the full market had but certainly for a concern investor, i am not sure the treasuries are big mistake. stuart: okay and maybe i'll come down to a three month treasury i still get about 3 percent that i would be happy without marking, think you very much and i know we will see you again soon i think you a lot. let's get back to lawrence looking at the movers nl that express coming, that is moving. lauren: while the numbers are under forbade and you didn't know what it was. stuart: did you know's be five yes get with that steward. lauren: they have this huge billboard a digital billboard in time square i go through it every morning they always look up and i saved people are still shopping there, is it worth the investment in nobody a shopping there. stuart: i go there every day
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november so that. lauren: i will take a picture for you next seven the issue is the report card last quarter was awful was money and sales are down but 50 plus percent and partnership in the rand management coming called wh beat global come they're investing in multi- get 7 percent stake in this encouraging a lot of people but they will survive so the stock is at 53. stuart: the ciena corporation before you some you know they supply telecommunications and networking equipment. lauren: there 18 percent because her quarterly evers were stronger than expected and they succumbed the supply chain improved in the second half of the quarter for them and some forward-looking things are getting better. stuart: is all good news now about boeing, there active and up. lauren: 4.3, wells fargo said the stock soaring of another 23 percent up to $1280 and they like the big cash flow, they like lower investment and not costing them an arm and and they say production is solid as of the height of the year was 229.
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in them i get there been the all-time i was nearly 400. stuart: we will take it, $184 of sheriff upfront have percent from this pretty good game for boeing and your sister eight the washington post, may so it's tech business to build under jeff. lauren: i knew nothing about this like an incubator inside of the washington post newspaper in the wall street journal, is reporting the basis is considering selling what he felt because it is not making any money and it's actually popular and has about 100 clients but it requires a lot of manpower and a lot of investment and is not profitable and he does not mean that is about idea coming just means that when you look the condition of the financial nation of the washington post others subscribers are down and there revenue is down and they are predicted to also was money and is it worth holding onto arc xp when you can spin it off and
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makes money and use less of your resources to keep going. stuart: you should not use the word manpower anymore, that is clearly several generations ago. [laughter] guest: i'm glad you're here. stuart: speech police and thank you you very much lauren, that is great. lauren: are you sure about that. stuart: and the governor florida will - an intimate dinner with some of the top donors this month and his top donors this weekend, is governor disanto's ready in 2024 is he running will i bless that question byron from florida and he's a republican. apple announces new plans to encrypt cloud, icloud, what is that, encrypt i can't. lauren: your backup system in the cloud for your photos for instance, into end encryption see what it wears off hackers however i'm told the law enforcement agencies are not happy with his overall encryption and we will get into it and more states are ending
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the use of tiktok government devices and edward lawrence has that story after this. the first-ever all-electric chevy silverado rst. with a multi-flex midgate for extra storage. and an available 400 miles of range on a full charge.
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stuart: show me apple please, of about a dollar 79 at this moment and that's planning to expand their data encryption practices, we prefer to this to early in the show and some pushback. lauren: from the government and from law enforcement agencies in the me explain, so by the end of the year, apple is planning to allow the users to encrypt their icloud, that is the backup system that houses some of your notes from your pictures, but
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have you and you have to set it up that is also where police are able to get eta thank need in criminal investigations for instance and so in this situation, your phone, and the backup to your phone from the icloud would have ended to hand encryption in your safe and that makes a lot of people feel safe and secure and if you look at the data reaches by the hackers, tripled up to 1.1 billion personal records being exposed around the world, last year alone pretty is a major issue. but then think about it from the governance point of your wife hundred or i should say god enforcement, you want to get criminal activity what access that i put it in a another contact some you do not want that government to have access. stuart: that's exactly right. guest: you have to do it, a world of china's, how could you not do this, you have to have protection of all of that data or somebody is going to get it and i get wife on enforcement wants us for the bigger threat
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is that you will get hacked or state actor is going to go empty you. stuart: besides the law enforcement can presumably can the encrypt whatever they want to the encrypted. lauren: but that is a long process. stuart: but is near and australia product, the israel be i can'tremember what it is the l find it and we have a growing number of states, banning the use of tiktok, on government devices, that's an important caveat there and edward barnes choices and what is a white house saying about this. guest: and also having states suing out tiktok, indian is a first-aid to sue over privacy concerns and also alleging that the that is addictive fourth kids as you mentioned, the texas the latest data been the same devices and other states, and yu see this map here that shows maryland south dakota, south carolina, as well as texas and nebraska, have banded and so i
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asked the white house about his find and this is what they said. >> so maryland and south dakota at least two states to ban tiktok other devices and is the president considering to do something else. >> so i'm not going to comment on tiktok and while at least the committee on foreign investment in the united states is review is ongoing and the biden administration is focus on the challenge of certain countries including china, and leverage digital technology in america in ways that present unacceptable national security risks. guest: this is exactly where we were in 2019, when the previous administration can cause all right man on tiktok oh data which could be accessed by the chinese government president biden ended that review from the commerce department and sunny expert and author of hundred year marathon michael pillsbury said this part of china's long game. >> was imported business overall strategy to get everything about america, on digital memory.
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so to ask a question or to trace, they will have the data there and even future software and future artificial intelligence can be used to process data that is collected over the same itinerary 15 your time. >> in the treasury spokesperson said no comment about when that review will be finished. stuart: edward lawrence at the white house, minus the leaf blower, hold good news, good stuff good stuff and thank you very much hard work and also byron republican from the great state of florida joins me down and congressman welcome back and do you think that the government workers should they be banned from having to talk on the phones in the state of florida. guest: yes and that's actually kind of surprising that is taking this long and the remitting concerns about tiktok and number-one courses addictive aspect it to rest and something got even wore my kids about being on tiktok and is not a good app for you to do but then
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there are some serious concerns about security aspects national security aspects could let's not lose sight of the affected tiktok is being used with respect to targeting minors and it is being used with respect to smuggling people across our southern border and trying to use it for the drug cartels are using it to solicit americans among people in the end of the country illegally and all that is happening with tiktok and i think that is the first step i think there has to be some major russians and investigations about the use of the app. stuart: and listen carefully here and we been talking about banning government workers having it on their phones are you talking about just getting out of tiktok completely and putting it. guest: no no i am talking about if the government devices we should never be allowing music talk to be loaded onto those devices on the should be stopping immediately la that's my colleagues in florida today care about in a question or figure out what that will look like a larger level, there are
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security and privacy concerns that i have personally with tiktok is a look at the end of the day, how much as the ccp getting excessive the tiktok users and is always the background question tiktok knows need to get clarity for that so the money and people understanding, the make those decisions for themselves as consumers. stuart: and governor desantis reportedly is going to hold what is called intimate dinner some of his top donors this weekend and of course that's to speculation that he will announce a 2024 governments of congressman going do you know about this dinner at any invited to this debtor and is he running. guest: will number-one to my kata news so i obviously did not look at it and i think that everybody goes out that all the time it is their speculation are, of course ron desantis, not only is he marquez governor, looking pretty what happened in the midterm elections in many other states, is when was dynamic, many would say his
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storm and so of course this will be the spec elation is he going to run and i have no idea think that is something that he has to decide if he makes a, trust me everybody will go go from there. stuart: lesson i was in florida, i was in your district and it was absolutely no question about it, floridians want desantis to run it 2024, and you picked of that feeling haven't you. guest: look, to be blunt and now some doing some zoning summerlike no, no one owes him as governor and he's doing a fantastic job so look at the end of the day he will decide what he must do we will see how the hillocks and something tells me we will be talking about it about marty decides to get in. stuart: always good byron donald and thank you for joining us and i know we will see you soon. in the feds denied, it's a hurricane relief money and so governor desantis went out and raise money on his own back and it actually and how much did governor desantis bring in. guest: yes, $59.2 million, not
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bad and according to desantis, the state of florida provided 25 million of that and the rest came from some very generous donors, more than 35 million and fema, indeed turn down a request for an extra 25 million an emergency funds saying that he had limited authority to expand financial aid after already providing more than $3 billion in federal support for hurricane relief and desantis responded to that, vowing to cut through the bureaucracy can he did in the governor said that the unity raise money by the way will go towards what he calls unmet needs such as transportation and food assistance and housing in loathing and household goods and so guess, to become on what congressman donald said, nobody here wants to lose desantis as governor and that is the dilemma and they say that he should be cloned see what. [laughter] i wonder florida could tell you that i don't ashley back to you and thank you and prince airy and megan the highly anticipated documentary is out now on netflix we have some of the
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bombshell claims the couple made about the royal family and we cannot wait for that a new report shows that google searches for new homes, is down nearly 13 percent in november and is the housing market and full-blown procession he asked, live all asset question two a realtor expert, next.
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stuart: the dow is up nearly 300 points, that's a year and right and college are likely that it is a rally at 296 to be precise, that it is about percent vanessa, that is up one and one quarter percent big tech is doing very well thank you and show me blue apron, silly business good lord of nearly i percent, what happened. lauren: i know the stock percent gain is at 80 cents and they were up because of cutting 10 percent of the corporate staff to save money and they say they'll identify the cost cuts with $50 million in the new you're in the stock is down just about 90 percent this year. stuart: very good idea, good company, and did very well and
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can't really outlast it that easily and truly beginning stocks show me because they're all up-to-date significant speech of number two and number three performance in s&p and it's all on the reopening theme in china and hong kong, this evil has lifted of both price targets, and 109 and sam's goes to 55. stuart: do you campbell professor. guest: i come on the show every week. [laughter] and no i don't gamble but i don't have money to gamble and i can barely afford the issues that i am wearing right now stuart and i like the your shoes by the way. stuart: thank you and the cabling is one vice that i do not have. lauren: no i think of the blackjack table or whatever, and once i am up, does not matter how much of a like. guest: how can you do that, you can't do that, is impossible. lauren: i do as many sleep. stuart: design therapeutics, a pharmaceutical early-stage drug. lauren: if you're reading scripts come as a pharmaceutical company early-stage drug, for a
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rare nerve disorder is a disappointment so the stock is down 40 percent and brokerages are trimming the price targets today. stuart: i was reading your script i could check it so you you wouldn't use the word like manpower again. lauren: important report you for reading my scripts. guest: i'm thinking this is getting a little precarious here stay away from your script so. stuart: lauren thank you very much indeed. lauren: while we have to come back tomorrow. stuart: we talk to you about this last hour, people save money during the pandemic, going to see those savings shrink biggest are spreading some of its and brian, what is it tell you. guest: the low savings rate and i think 60 years or something like that is of here is the problem, they are not saving money in the racking up debt some of the debt that is highest and we have like 15 your highs and household financially the household debt, is that the highest level ever going as fast as the rated 15 years so you're not saving coming racking up
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debt, your interest rates go up, and paying more now if you at a job loss on top of that, you have a triple whammy here and that is what people are worried about in 2023. lauren: think that becomes a political story because i was confused by the midterm election results think the people went to the polls saying well i still have my job and yes inflation is a problem but right now we are okay i think the changes in the next couple of months. guest: because you start to look at the bill you see the interest rates go up and you say i can't tread water like this anymore and going to go under. stuart: the start of the real estate market because that's in some trouble with new report from google searches for new homes, is down nearly 13 percent in november, and joined his role as a kite us now, and so on, you go so far as to say that housing is now in a full-blown recession. guest: thank you for having me, no, i think it's important to have some context here enemy, the new home searches were down
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month over month by 12.6 percent as you mentioned but traditionally, they been down about 70 percent so is normal seasonal sewing that occurs in november is the first thing to keep in mind, i know i was sort of characterize what is going on now is more of a pause. in the interest rates have gone up dramatically, and very quickly and people are reassessing the landscape there is still a tremendous amount of underlying demand for housing were about three - 4 million units under bills since the global financial crisis as of the demand is there is just a matter of whether or not they could afford it. stuart: if you get a mortgage rate, below 5 percent on a 30 year fixed rate loan coming get a mortgage rate below 5 percent, without said the market on fire all over again. guest: i think it would. i think the rates are unnaturally high right now if you look at the spread between a 30 year fixed rate mortgage and engineer u.s. treasury come is over 300 basis points and historically has been closer to
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170 so any compression there would be very helpful to mention the fact that if you look at in-house economists forecast, then ten year treasury come and it is 2.65 percent in the garden every spread and then you're looking at a mortgage of four to have process. stuart: that would be a huge deal, get a mortgage rate and 30 year fixed all of the way down to foreign have percent and if that happened, so that would be the market at the moment to ed the real estate market in the forest face waiting for the mortgage free to come down and then you think ever off to the races again and can you sum it up like that. guest: will look i think that's a fair way of assessing whether or not we're off to the races, they may be a little bit of known for an overstatement will that moment and come back yes, absolutely and there is just too much underlying demand and we are under built structurally for housing in the u.s. stuart: well i got a bit carried away not quite as good as that and thank you very much for being here and importing information and thank you. in one particular city, is
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pulling and a lot of homebuyers from big cities, in the city that particular city, is tulsa, oklahoma what is so great about it ashley. ashley: well for starters, the booming tech reasonably priced upmarket housing and middle-of-the-road political climate, throwing hundreds of parks and thousands of acres of greenery, as well as hundreds of miles of bike paths and hiking trails yes, tulsa cummings emerging as a midwestern hotspot one clear sign of's luxury housing market, which are sit around 500,000 and you can't say that in many places and has yet to collapse despite the soaring interest rates and inflation local realtors that even now, multiple offers are still coming especially at the high-end of the market is aware are these new resins were they coming from and as you say big cities like los angeles, chicago but also from other hot markets like austin, texas were is becoming harder to find affordable housing in tulsa, who would've
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thunk it. stuart: that's a great place and i've been there frequently and thank you ashley and the doctors warned that the fentanyl has become 100 times stronger than it was just a year ago in effect is so strong, is making more difficult to reverse overdoses, dreadful soaring will have before you in the retail theft in america has skyrocketed from a year ago. philadelphia is one of the hardest hit areas so bad that some people there, say they are scared to go to the store, jeff has the story after this.
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stuart: the clothing rental people online, just reported strong quarterly sales, and ashley pinot about this, is it cheaper to rent and buy clothing these days. ashley: well i do this for five bucks a day wealth your rights.
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[inaudible conversations]. guest: some shoppers are apparently thinking twice about actually buying design close, and as you save rental - and rental company just reported very strong quarterly revenues but also raised his financial outlook for the year, the committee said inflation is making clothing rentals, more appealing to a broader range of consumers, so, will revenue jumped 31 percent from a year ago and the number of active subscribers group 15 percent and he comes as a company is really struggled as you can imagine, to overcome the impact of the covid-19 pandemic, and september and announced that it was reducing its corporate headcount by close to 25 percent of these latest numbers gives some renewed hope, up 34 percent and it is a dollar 83 starts. stuart: thank you ashley and next case, we talk about the rise in theft stores across the country, philadelphia seeing some of the worst of it and retail theft there is a
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51 percent this year, jeff block is in philadelphia near talking to the shoppers as they don't feel safe jeff. guest: will tell you, bricks and mortar did not need another kick in the teeth and a lot of people told me that their shopping online rather than going out to the store. walmart just the latest one as you know, to gotta be upfront about it, used to be that ceos do not want to talk about retail theft i thought of scared people away will now, they've and have fancy name for it, the call it shrink as a fancy way of saying, getting ripped off. walmart the latest, and best buy you've heard about from a target heard about, and yes, as you point out, the big cities, specifically philadelphia, retail theft is up 50 percent had armed robbery, with a gun, is up 30 percent at auto theft, 522 percent and some of the more violent crimes are down but the theft is way up.
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when retail there in philadelphia, taking matters into his own hands and take a look at this, he has hired on guards armed guards to guard his gas station because people were coming in trying to hold people of the gas station and people were not stopping and so he has hired on guard 24 hours to watch the station and keep people safe and we talked to the armed guard and here's what he had to say, he said it is about lack of prosecution in philadelphia. >> with va, who is not a va, is acting like a social worker and when we the people elected him into office we wanted a prosecutor, you want somebody is going to be kumbaya, that's what this office says, on his work this is prosecutor, prosecute the criminals. guest: and the va their customer the philadelphia's you know stuart is trying to be more fair with the criminals but not prosecuting some crime, and you heard the man say, that he thinks that is part of the
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problem. stuart: that was one of the best soundbites that i have ever heard from a security guard, was really cool the man just shouted it right out there dignity and all right jeff will take it and thank you and brian, when is this stop, this is a serious subject and were laughing about it but is serious. guest: it is very serious and enhanced when these businesses decide to leave these areas and i don't even want know what is scary about this, is a culture around that is this idea that somehow, big company owes it to me and this isn't wrong, it is what i am do because somehow, the businesses wrong to me by being big or being in business are making a profit. stuart: it took a long time to turn that around. guest: and that is bigger than crime, that is a cultural issue in america right now and we excuse it really hold people accountable for their behavior. stuart: si fairpoint well done workers next on mobile get up a boost to help with rising inflation ashley how much are we talking about here.
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ashley: all about an average come of the salary got about 9 percent of those who have got promoted which is about one third of all workers apparently was he another 5 percent bump and some top employees could see wage hikes of 15 - 25 percent and it is exxon's biggest seller rewarding 15 years and he comes just weeks of the oil giant posted the highest quarterly profit in u.s. employees also got away as a one-time cash payment with 3 percent of their annual compensation just in june, and of this stuart, just this morning exxon was announcing it the billion-dollar buyback despite political backlash and president biden has been criticizing exxon the other big oil companies think that they should not be using profits to buy back stock well a war is raging with russia and ukraine and by the way, exxon stock is up 73 percent year to date and up another one and a half percent tuesday. gu.stuart: up another 5 percent.
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lauren: might be negative on the yuri which is fascinating leaving when you look at china. stuart: and 72 bucks and were probably headed south and elon musk, fires back the mayor of san francisco, opening investigation into twitter because the company turn to some officers into - and you got to investigate that. but we have details and are in teacher mcdaniels on the defense of herschel walker austin senate race in georgia and dylan, running against her sponsor and next.
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stuart: congressman lee silva is bowing out of the race to become the next her other republican national committee, ashley, why is he backing out. ashley: and i give a specific reason early that is he's decided against making a bid for the leadership but said that currently ronald mcdaniel is to step down listen. >> there's a lot of feedback
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from across the country, where there is a desire for blood, and for new leadership in our party needs to look to the future this thing is pretty big and she was to run again, i believe she is going to buy design, beginning reelected to a historic fourth term, and i don't believe is the best path forward for the party. stuart: hey is the only republican calling for new leadership since mckenna took the hard and from the gop is lost control about the chambers of congress and the presidency on seven governorships and after the disappointing midterms by the wake of the republicans in south dakota governor christie said who loses much and just to keep their job. as you point out though that 100 members recently released, and of a letter declaring their support for mcdaniel but he is a big talking point among the republicans back to you. stuart: and ronald mcdaniel is defending this and up runoff racer which herschel walker law.
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>> with the rnc record the cycle turning on more than 4 million more republicans, and winning state wide and almost every proves that the turnout worked for nrc ten-point we put the house at around game port c1 okay, jenny now, dylan who is running against mcdaniel, for her spot as chair of the rnc and all right to tell us what would you have done differently. guest: only think there are a lot of things i would've done differently over the last six years since ron and i have both been at the rnc, and for one thing i needed to have been much more aggressively investing in law fair litigation to match the left into make sure that the laws at all of the voting rules and regulations were geared towards republicans having a fair ground and we did not do that and we started doing it in the last two years but is minimal been too little and too late i think that a lot of the ways we get people elected, we been insisting on same-day
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voting in many states where other opportunities are available and as a result, democrats are banking the roads are terrible candidates, by john fetterman and kitty hobbs in arizona, and as a result even though we have good turnout on election day, we still lose. we may have had higher turnout this time around, but i don't have those republicans are voting for, because you do not have our candidates went to the longest losing streak now that i can never remember in my lifetime get our tears are running for a first term and is not acceptable this level of failure is not a simple example the republican i hear from outside of the members of the rnc, so i'm hoping to educate them i get them on my side and we really need you leadership. stuart: do you place any blame on donald trump for the republicans for showing them in terms. guest: will donald trump is upping the president for two years, okay, so what i do thank you so important development to the party not giving up with, is the democrats are playing in our
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primaries and democrats are point opening races and help us select our candidates and so, in every race, and with the candidate in california and san francisco need to be a different candidate, that a candidate in texas and yet if we are allowing the democrats to define for kandiss are we are sing oh no, is a primary and we cannot play in that, and in the party is going to lose and so you really need party leadership is the force of personality to get in there and broker disputes and to request to do this and impress make sure that if there is a crowded field, they get the weaker links out of the way so that they have the best chance of winning, we just front and say we can't do anything about it that's going to have to change because the democrats have been outspent is now performance that hustle us and outvote us so this point of work for america people are suffering the economy is tanking this is unacceptable c1 i think you dodged the question make of the question was, do you think trump has any response ability
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for the republicans for showing because he played a big role in running up to the midterms. guest: will he played a role the leaders played a role. stuart: and his candidates lost. guest: well like i said the parties candidates, have not been clearly defined by the party and so i think that vacuum allows one person or another person to find humans and that is not necessary and we as a party leadership role to play and who are candidates are we been advocating that role we cannot advocate that role. stuart: got it, it's always a pleasure and thank you for being with us and will see you again soon and here's what they have an 11:00 o'clock hour, wyoming senator, john ross of the former acting vice director and guy vincent and there is this, bidens border chaos, a national disgrace winning the midterm election, they ignored it is like the hunter biden scandal, ignored and suppressed by the media and clearly, is bad news
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provided and so suppresses so that is my taken that is next. ...
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