tv Varney Company FOX Business December 12, 2022 10:00am-11:00am EST
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this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity. ♪. jing bell bells, jiggle bells ♪ stuart: i heard that song
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before. i never heard it sung by frank sinatra. we chunk it into the mix. why not. 10:00 eastern. the dow is up 150 points. not bad. that is almost half of 1%. the 10-year treasury yield coming down to 3.54% as of right now. the price of oil, $72 a barrel. gone up to $73 a barrel, up nearly 3% this morning. bitcoin, same old, same old, right around $17,000 per coin. that is the markets this monday. now this. you simply cannot ignore elon musk. some might like to but this guy lives on headlines. he loves being the center of attention. it is monday morning. musk produced no less than three headlines for us. number one, he is launching a revamped twitter blue, eight bucks a month or 11 bucks a month if you use an iphone. that gets you the blue check
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once your account has been reviewed, got rid of the bots. he raised the character limit from 280 to 4,000. that is really different. you could write a book. second headline, musk tweeted his personal pronounce as prosecute fauci. that is more than a joke. it is important. he promises more covid file revelations. heavens knows what headlines that will generate. number three, perhaps most important of all, michelle obama was one of the top democrats pushing for donald trump to be permanently taken off twitter. i thought she didn't want to get involved in politics? there is more though. twitter executives held weekly meetings with government agencies, what to block, what to ban, look out for this, look out for that. sure sounds like a conspiracy to affect the election, doesn't it? clearly democrats and left-leaning government officials to use twitter as a mouthpiece to the left and deny
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political viewpoint for voters. good news you're watching fox. these revelations are not being covered elsewhere. second hour of "varney" just getting started. ♪. stuart: all right, matt schlapp with us this monday. matt, seems to me twitter was acting like an agent for the democrat party. that is the way it looks to me. what can you do about it? >> well, i think there are serious legal issues here, stuart. so i'm not a member of doj. unfortunately we have more like dnc operatives running the doj. corporations have very strict rules about what corporations can do to facilitate federal campaigns. it seems very clear to me one of twitter's main goals was to do everything they can to elect socialists and elect democrats. and i think there should be some state ags and some other legal
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officials that need to start looking at this behavior, this really, i mean, if anything else, elon musk is a whistle-blower. stuart: that's right. listen to this one. he is calling the woke mind a virus. he said it needs to be defeated or nothing else matters. what is your reaction to that, matt? >> i mean i just can't tell you, i feel like, i feel like he is the one honest man out there. i probably don't like everything he believes, all of his politics but in america we used to have the tradition you could respect people you didn't always agree with and you had rules of the road and what elon musk is reminding us one of the rules in america, people are allowed to talk, allowed to have political opinions, for me i'm really enjoying working with these incoming house gop chairman as i am able to share with them what i know about the woke corporations, the type of damage they're doing in the country. hey, stuart, why would anybody leave twitter? no one is being canceled.
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they're leaving because they don't believe in freedom of expression. they wanted their own left-wing playground. stuart: he is the great disruptor, elon musk. he is everywhere disrupting politics, health care even. not to mention twitter and american business. you can't put this guy down, can you? >> you can't. i think, it takes a certain amount of bravery. he put his fortune on a the line in a way to save the idea of political discourse in america. questioning all the sacred cows like fauciisms, right? how people conduct business and how he conducts business. he sold all of his mansions. he lives in little rvs, never stops working. i want to keep feeding him whatever calories it takes for this man to work 24 hours a day. it's a great thing in this country. stuart: he is a news making machine. that's a fact. matt, see you soon. merry christmas to you.
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>> merry chris mass, stuart. stuart: more on politics, the former governor of new jersey, chris christie, he is sounding off on herschel walker's loss in the senate runoff. who does he plame, lauren? lauren: donald trump. herschel walker was only republican in the state of georgia to lose because he was a bad trump candidate. >> remember in 2016 he said, if he got elected there was going to be so much winning and winning, winning, get sick of winning. none of us knew at the time he was talking about the democrats doing all the winning, not the republicans. that is what he has wrought. herschel walker is his creation. and so he has got to own the fact that herschel walker so vastly underperformed. lauren: governor kemp, very popular was at the top of the ticket. he had 200,000 more votes than herschel walker. in the end he endorsed him. he campaigned for him. just wasn't enough. so it's remarkable to chris christie and some others,
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governor kemp couldn't lift herschel walker because he is very popular in the state. stuart: i want to bring in dave bahnsen on this. david is a market watcher. i want your comment on politics. what do you think about blame for the georgia loss? >> herring shell was a questionable candidate. kemp winning by governor tells it all. trump fought against kemp. herschel lost because of runoff. i don't think herschel was the worst candidate trump endorsed. we had other losses trump-backed. the state of pennsylvania was really ground zero of republican embarassment. we lost to a few who had a stroke with a lot of health issues. i think we could have won the race with a better candidate. i think chris christie has bad motives what he is saying but i don't think what he is saying he out of bounds. stuart: tomorrow we have the consumer price index coming out.
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what do you see coming out? >> biggest issues in the cpi housing numbers lag in the way they report. they're still showing like they're going up and we all know going down. i have eight metrics i follow. all eight show rent prices housing prices dropping. cpi because of lag effect going higher so distorting. gods inflation has gone down six months in a row. cpi number is weakening. still not low enough. still need prices coming down further. i think the fed is seeing direction they want to see. i think cpi will back that up tomorrow. stuart: if fed is seeing direction he wants to see in inflation, what does it do wednesday an with interest rates? >> for three weeks they have been giving it away. they will raise rates half a point, instead of 3/4 of a point. all the question mark goes to the february 1 meeting. will they paws, ray another quarter point. so the concern in the market they break something before they stop. i think the fed is saying hey, i
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wonder if we can kind of get away with both? not break something, back off now, then take credit for inflation coming down. as i've been saying all year inflation was never in the fed's portfolio. it was really supply issue. a lot of supply chains have gotten better, stuart. stuart: david, you're with me for the hour. stay with me. get back to the markets. lauren is with us looking at movers, including boeing, moving again. lauren: boeing is only down 10% this year. they have had a nice comeback recently. jpmorgan has increased their price target by $30. they say it will go to 200. they think they will emerge from the 737 max crisis and that gets certification in china which would be a big deal. stuart: why are we looking at weber grill? i know it's a mover but how come this thing is important? lauren: 24%. take private deal with their largest shareholder bdt capital which actually took them public in 2021. so now taking them private.
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it is a $2.3 billion deal. stuart: that is another privatization. just like cooper software. those shares are taken off the market. private equity, a lot of that going on this week. under armour. lauren: correct. upgrade, stifel to buy. upgrade to 12. they like discipline with inventory. so many retailers have bloated inventorier to. apparently under armour is doing a little better. stuart: here is a story of great interest to david bahnsen. you will give the story first here it is. employees pushing back on calls to retain to office. is a flexible work schedule here to say. lauren: looks like this. head of goldman sachs admitted only workers come back four days a week. a lot of people would say four days a week are a lot to be in the office. most are doing three in, two out. it is popular working from home, only going in here and there. even david salomon couldn't do
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it five days. stuart: bahnsen is not happy, are you. >> it's a disaster. not happening that much on wall street. some companies say they will never come back throwing in the towel. snap is saying four days a week. apple has gone back on it. their productivity dropped so much. most of the ceos i talk to, company owners said we thought things were going well during covid. we didn't realize that was a certain period of time where everyone was used to it. now we desperately need people back in office. i, my entire company, five days a week, 100% has been back since very, very early on. i never heard a complaint. maybe they wouldn't complain to me. stuart: true. >> but i moo point is, my view, jamie dimon has been good. david solomon has been pretty good. fire everybody who complains. lauren: it is not an issue for more seasoned worker because they have been in the office. they know how things work. but for a younger employee i think it will be terrible. we might realize how terrible, disasterous it was for even
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personal careers in couple years. >> mentorship matters. you get mentored in the office. you develop as a professional being around other experienced people. stuart: don't get mentored by email. david, stick around, more to come. rnc members are mad at ronna mcdaniel because she doesn't condemn trump's dinner with ye. he insists the energy crisis will last for years. we'll tell you who he is blaming. john kirby claims the u.s. was never given option between brittney griner and paul whelan when negotiating the prisoner swap. roll tape. >> there was november a deal. give us b-eut back you can decide whether you want brittany or paul. that was never the arrangement. it was only miss griner for
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don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ♪. stuart: russian airstrikes have knocked out electricity for more than 1 1/2 million people in ukraine and winter has arrived. nate foy in kyiv. nate, the latest please from where you are. >> reporter: stuart, good morning, president zelenskyy says over the weekend he had a call with president biden. he thanked him for the newest military aid package from the u.s. worth $275 million. now a big part of that is air defense, specifically against drones. we saw why this weekend on saturday night, russia launched
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a drone strike as you mentioned in odesa knocking out power to 1.5 million people but ukraine countered with a long-range artillery strike in the southeast city of melitopol. video of that strike, you see a video on fire. reportedly russian soldiers were staying at a hotel here. the death toll is disputed. pro-russian authorities say two russians killed with dozens hurt but ukraine armed forces says 150 russians injured with 350 going to the hospital. ukraine reportedly used the u.s. provided himars, the mobile rocket system. you mentioned odesa, stuart. look at this next video. the city was in the dark after that drone strike where ukraine says 15 iranian made drones targeted area, 10 were shot down, five made it through and caused this. local officials did not say what was hit. it could take twothree months to
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fix. in the northeast of here, stuart, the city of bachmud is destroyed. look at this. president zelenskyy describe this as a city in ruins as russia continues pushing for full control of the donbas region. they are, expending a lot of resources to do it, stuart but so far they have met a stiff ukrainian resistance. now back out here live, initiated blackouts and power shortages continue here in kyiv. during the day, stuart, i can tell you as many as 40% of the residents here are living without power. at that night that number tropes to 25%. other cities like odesa really struggling as temperatures are below freezing here in ukraine. we'll send it back to you. stuart: thank you, nate foy. see you later. christian whiton joins me now. we can deliver drones to them, we can deliver ammunition to ukraine but i don't think we can restore power during the winter
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that is troubling, it seems like europe, some parts of america are losing interest in the ukraine war, backing away from it to some degree, right in their moment of greatest need? >> right. you can see that this war is likely to drag on past the one year mark. it just seems to be trudging along into what has been called elsewhere frozen conflict with putin pulling back his forces to the east side of the dneiper river creating a natural geological break or point of defense. there is some advantage to moscow bringing an end to this conflict, trying to get out from under the some of the economic sanctions but putin in the past is fine with frozen long-term conflicts. that is secondly what happened in eastern ukraine after 2014. we may be looking at a long-term situation that is very painful for the ukrainian people. stuart: very difficult for them to get out of the situation. i mean, with winter is right there, it has arrived. let me change the subject because that, to the prisoner
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swap story, still has legs going into this week. nsc coordinator john kirby claims the u.s. was never given the option between brittney griner and paul whelan discussing the prisoner stop. >> there was never a choice posed by the russians, hey, you give us bout back and you can decide whether you want brittany or paul. they treat paul differently, shannon because of the sham espionage charges. or make this deal now at least get one of them home, keep up efforts to get paul home. we did a national security assessment. we believe that that whatever risk there is was manageable. stuart: christian, why did we accept russia's terms? >> well, it's the administration. actually not entirely sure that the there was an earlier report by nbc news we were given the choice of griner or wheel lan. that was contributed by kirby at the white house who has to
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handle any national security administration since the white house press woman is disaster. it is desire to get to yes, have good news for christmas. white house was under pressure from a lot of constituencies it cares about. miss griner is a black woman and lesbian, a different profile than a former marine with an interesting background who has been in russia. that was something they really wanted to get done, doing so gave up an ace for something not quite as high of a card. stuart: bearing who you are, i doubt that you would travel to russia now, would you? >> certainly not on any commercial enterprise. if you were going for diplomacy, if you were going as a guest of the government but no. this is issue with north korea we dealt with too, americans would occasionally go essentially for tourism because it is odd place. secretary of state at the sometime in early trump administration saying u.s. passports were not valid for travel to north korea. this is a real risk. we've also, a risk we're giving
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incentive of countries to grab americans because the rewards are so good. stuart: exactly. christian, thanks for being here. i know we'll see you again soon. thank you, sir. >> thank you. stuart: jamie dimon, he is warning of the long-term economic effects of the russian invasion of ukraine. lauren he is blaming russia for the energy crisis? lauren: yeah, in part. he says the ongoing issues are going to persist for years. watch this. >> the danger of this war is extraordinary and it can go on for years but this oil and gas thing, it looks like europeans will get through this winter but this oil and gas problem will go on for years. if i was you know, in the government or anywhere else i would say i have to prepare for getting much worse. i hope it doesn't but i would definitely be preparing for it getting much worse. lauren: so he did blame russia but there were other parts of the interview where he also blamed underinvestment here in the united states in our infrastructure for instance, we'll feel the high cost of
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energy in part because of the war because of decisions we made here at home. stuart: why did we abandon energy independence? why can't we drill for our own energy. >> jamie has been pretty solid on that. on floor of congress. said aoc the idea of cutting off capital to energy companies is ridiculous. he is exactly right. stuart: he is indeed. thanks, david. one airport in florida could soon run out of fuel? we'll tell you which airport you may want to avoid in the holiday season. restaurant groups in california trying to overturn a law that would raise the minimum wage up to 22 bucks a an hour for fast-food workers. restaurant guy andy puzder deals with the california food fight next. ♪.
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punch up your portfolio with benzinga and world renowned trader chris capre. learn the lucrative options market and how to effectively trade in a bear market, starting at just 99 cents. benzinga, take control today at bzoptions.com stuart: i see green. dow is up, what are you laughing at? my accent? >> whatever. stuart: i see green. the dow is up nearly 200 points. we'll take that. that is, that is a half percentage point and the nasdaq is up about a quarter percentage point. not bad.
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i see green. lauren is looking at the movers. including tesla. >> i see red. stuart: you see red. go. lauren: one of the biggest losers today. ugov did a brand image survey. our negative opinions on tesla as a brand topped positive opinions on tesla. stuart: really? lauren: they point that all to elon musk what is going on at twitter. but tesla used to be like the premier brand in evs, a pioneer and apparently we don't think as highly of tesla anymore. stuart: because of musk and twitter? lauren: that is the connection that they made. stuart: that is a strange connection to make. lauren: tesla is down 4%. it is down with all this twitter news. stuart: diamondback energy is up almost 2 1/2%. lauren: so diamondback and baker hughes are two oil companies that are being added to the nasdaq 100 on december 19th and oil is up today too but giving you that -- stuart: add it to that. a lot of people have to buy it because it is added to the index.
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apache leading the market. lauren: number one on the s&p 500. this is a china story. china is opening up. the market is interpreting that they believe in the opening up story in china. they might think it works well. you will see more chinese demand. they are the largest importer of oil. bank of america has a forecast, not for brent, but wti. they think prices average $100 a barrel. next year it is about 75 right now. stuart: so that is significant increase. lauren: yeah. stuart: if they're right, that is a huge jump for next year. lauren: we're telling you it is a head fake that oil prices, gas prices have come down. no one expects them to stay down. stuart: the white house says americans are feeling, quote, a much-needed break in inflation, end quote. edward lawrence is with me. you asked the white house when the inflation reduction act will actually cut costs. what did they tell you? reporter: telling me early next year. i press them on that. the reason the white house is feeling more confident the way things are because they're seeing gas prices come down. still nowhere near they were
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when president joe biden took office but coming down from the highs of the summer during his policies. now treasury secretary janet yellen told "60 minutes" yesterday she believes americans will get a break on inflation. listen. >> i believe inflation will be lower. i'm very hopeful that the labor market will remain quite healthy so that people can feel good about their finances and their personal economic situation. reporter: but in 2021 this is the same treasury secretary that inflation would finish 2%, revised it to 3%, then 4%. you see where that is going. meanwhile elon musk says if the fed raising interest rates the risk of recession will be amplified. his comments follow recession warnings from the heads of bank of america, wells fargo and jpmorgan chase. the white house press secretary sensitive about the predictions ever the president's plans for
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inflation. listen here. >> inflation before the midterms you told me the inflation reduction act would bring down inflation next year, if it doesn't do that significantly is that seen as -- >> first of all, that is a bunch of hypotheticals you're asking me. what i laid outs was something that economists said by looking at the inflation reduction acted, by examining it, know, understanding what it will do for the american people. you're bringing up a hypothetical. reporter: maybe a little bit backing out what she told me before the midterm elections, that they expect early next year the inflation reduction act to reduce things. big week for the economy, stu. tomorrow inflation numbers and wednesday the fed decision oint. stuart: i notice you got elon musk in your report. he pops up everywhere. he never stops popping up. next case. restaurant groups in california are trying to overturn a fast-food wage law. it would set the minimum wage as
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high as $22 an hour. andy puzder with me now. andy, just suppose for a moment that they get this huge increase in the minimum wage for fast-food workers that it goes up to 22 bucks an hour, what happens to the fast-food industry? >> [inaudible ] stuart: we'll try to change that. you know a lot about the california fast-food law. what happens if it goes to 22 bucks an hour? >> it would be debt very mental not just for the customers or the industry but the workers that would endings pa diet automation. they would bring in more kiosks and lower total labor costs. that is the whole idea. that will not do better things for workers. there will be less workers. we're working hard against it. there will be a ballot to try to get rid of this initiative.
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this is heavily backed by the sciu. stuart: this is union, union proposition? >> 100%. stuart: they drive a lot of things in california. do the unions run california? t powerful unions in the united states of america, the california teachers union. stuart: let's see, andy puzder is good? i think we restored ordinary regular audio. i ask you the same question, what happens if the law goes through you pay 22 bucks an hour for fast-food workers what happens to the industry. >> clearly it will be bad for workers. university of california riverside forecasts costs would go up 20, 22%. less food security. seven out of 10 californians eat at fast-food restaurants once a week. so this is a big problem. as just mentioned it will have a real impact on workers as people move more to automation, to find other ways to reduce employee
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count. i think the third thing people are not really thinking about, is the lost opportunity. if you're going to invest, if you want to open a restaurant, franchisee, considering adding another restaurant or becoming a franchisee, when your costs go up you're not as willing to invest. cost increases returns decrease, so people don't invest. think about what impact a law like this would have had back in the 1950s or '60s when ray kroc at mcdonald's, carl at carl's junior, snyder family, in and out, getting close to the 100 restaurant limit where the law applies. if you go to 101 restaurants the costs shoot up. maybe you don't go to 101. you stay with 99, 98 profitable restaurants. maybe you don't hit the 100, 101 restaurant mark. think about all the opportunity would have been lost if this law was in effect and mcdonald's, carl's and inn and out would
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have grown grown. stuart: they're considering signatures for the ballot vote to repeal huge minimum wage increase. where it stands does it look like the ballot measure will pass, that this law will be reversed? >> looks like they have the signature to get it on the ballot. when is the last time you trusted california voters? it is better than letting it go into effect t will probably delay it for two years. they have got the signatures that they need. the secretary of state's reviewing them now to make sure they're valid signatures but if it gets on the ballot. it is up to the voters on california. they get what they vote for. we'll have to wait and see. stuart: that could be a problem. andy puzder, thank you very much andy. see you soon. thanks a lot. >> thank you. stuart: we do now know which is the most expensive fast-food restaurant. lauren's going to tell us. lauren: it is wendy's which i think i knew but by a long shot which i didn't know. wendy's menu prices are up 35%.
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second place, chick-fil-a, up 15%. taco bell, burger king. mcdonald's actually fell, down 5%. so the average price of all items at mack mc's is $3.77. it's nearly $3 more at wendy's. stuart: that is a big difference. >> you know who has the best dividend growth of all those names? stuart: tell us. >> mcdonald's. stuart: that's interesting. tesla, testing a controversial, i'm sorry, tsa -- lauren: you're stuck on musk. stuart: get that right. tsa, transportation safety administration, got it, they are testing a controversial facial-recognition technology at airports across the country. some privacy experts images, how will they use these images? that is a concern. we have the full story next hour. harmeet dylan running against rnc chair ronna mcdaniel. time for new leadership. >> even though we have good turnout on election day we lose.
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stuart: first thing on a monday morning, you always want to figure out what's your money doing at the start of the week? i got good news from the dow industrials up 200 points. that is pretty solid, but the nasdaq i'm afraid to say down just a fraction. big tech probably lower this morning. bitcoin right there at $17,000 per coin. there is news here. ftx founder sam bankman-fried has just said he will testify remotely at tomorrow's hearings. i guess he doesn't want to come
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to d.c. for the big event. "politico" shows private emails show rrnc members angry because she did not condemn trump's dinner with ye and nix west. what do you say to that. >> i absolutely condemn anti-semitism, nick fuentes and kanye west, vocally many times. i done this every time it come uppers and has know place. stuart: some detractors said not vigorous enough. >> i would disagree. there is no place in our party for white supremacy, anti-semitism, bottom line, end of story. i said it multiple times, over and over again. those members want me to criticize other republicans, attack other republicans. that is one of the big problems with our party.
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the rnc turned out more republicans in this election than ever before. what we're seeing republicans refuse to vote for other republicans because there is so much infighting, so much vitriol in our party, we're not seeing the bigger picture that the democrats are destroying this country. my vision, let's bring people together. focus on problems facing us from the biden administration. let's not take shots at other republicans. let's unify so we take back this country. stuart: last week we spoke to harmeet dhillon who is about to run against you for the job of being rnc chair. watch this please. >> a lot of the ways we get people elected are outdated. we've been insisting on same day voting in many states where other opportunities are available. as a result democrats are banking their votes for terrible candidates, even though we have good turnout on election day we still lose. this level of failure is not acceptable to any republican i hear from outside the members of the rnc we really need new leadership. stuart: ronna, what is your
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response to that, we really need new leadership? >> well, i think i've provided a lot of change under my leadership. i'm always open to new ideas and ways to move forward, but listen, stuart, with our community centers and minority outreach we brought in new candidates and new voters into our party like monica della cruzs and elected people like monica della cruz and wesley hunt. voter registration gave us great gains in north carolina, and florida. we are pushing absentee voting and ballot harvesting. we picked up the duart e-vote in california a lot of people outside rnc don't know what we do. voter reg, election integrity, ballot harvesting getting votes banked early. we'll continue to do that. what i say, stuart, we had consistent leadership for six years. i brought a lot of change to the rnc we'll continue to do that. you have to keep that going if we're successful in 2024. that is what i intend to do.
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stuart: would you public say donald trump bears any responsibility for some of the losses in the midterm elections? would you say that publicly. >> i don't like this, i don't like parceling out. he supported ted budd who won. he supported jd vance who won. there is a lot of other things. we have to look at dobbs. here is the one thing i think people should be talking about, the amount of ticket splitting. the amount of republicans went out voted for republican at the top of the ticket, look at arizona, the top vote-getter is a republican. look at georgia. eight of nine statewide raises won by republicans. but why are republicans voting for one republican and not the other. stuart: trump. isn't that the answer to your question, that is the question, the answer is trump, isn't it? >> i'm saying, i'm not into the blame game right now. i think we have to do analysis. i think it is too quick. you can't parcel out will this endorsement helped this one. it is the whole message. what did each candidate do, what
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is the turnout. most importantly how do we get independents to support republicans and how we get republicans to the support other republicans. this infighting within our party is never going to help that. we need trump voters. we need mccain voters, we need romney voters, then some if we will beat the democrats, ronna, ad mirable defense of your position. thanks for being here today. >> thanks for having me, stuart. stuart: sure thing. we'll see you soon. democrat senator jon tester, he says his party keeps losing in rural america. he is right. but does he give a reason for it? lauren: he says. because the democrats have bad messaging. listen. >> we havefocus our message more on things we're doing for rural america. the infrastructure is a prime example. it will help rural america when it comes to broadband, electrical distribution and roads and bridges. we didn't talk about it. we didn't talk about it from a rural perspective t has to be concentrated effort. we're very bad at message and we need to work at that.
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and get that message out to rural america so rural america knows who is fighting for them. lauren: he is right but democrats often speak to elites and not to rural communities and not to farmers and so i'm not surprised that he thinks they have bad messaging. stuart: any comment? >> i don't know how they can talk to people that they don't even know exist. i don't think they have a bad message to middle america. i don't think they know there is life west of the hudson river. stuart: life west of the the hun river i will not take that on immediately but i will think about it. you're all right, bahnsen. look at this, we're showing you senator-elect john fetterman and his wife acting in a movie with christian bale. he is not in congress and rubbing elbows with the hollywood elite. does not give interviews. makes a movie but no interviews. elon musk proves that conservatives were shadow-banned
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on twitter. instead of front page story, there is almost complete silence from most media outlets. joe concha is fired up about that. he is on the show. joe is next. ♪ ♪ my relationship with my credit cards wasn't good. i got into debt in college and, no matter how much i paid, it followed me everywhere. between the high interest, the fees... i felt trapped. debt, debt, debt. so i broke up with my credit card debt and consolidated it into a low-rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with no fees, low fixed rates, and borrow up to $100k. go to sofi.com to view your rate. sofi. get your money right. ♪ at walmart, save on thousands of gifts for everyone on your list. the savings are here all month long.
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♪. stuart: our next guest wrote an op-ed that says elon musk showed the "shadow banning" of conservatives is no conspiracy theory. it is real. joe concha, joins me now. how come the rest of the media not covering it when it is obviously real? >> that is the question of the day, varney, maybe the question of the year. censorship of the hunter biden laptop stories or making argument covid came from a lab, resulting in more censorship, suppression, twitter, deamplification of twitter accounts, you would think the free press would cover one of the biggest abuses of free speech by a social giant we have seen but instead the bias of omission 101. absolutely nothing on the evening newscasts, abc, nbc,
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newscasts watched by more than 20 million people combined. nothing on the sunday morning talk shows, broadcast networks, cnn, msnbc, they're in lockstep making sure the american people don't hear the story which is ironic and predictable on so many levels. stuart: they're doing to this story, the musk and twitter story, they're doing to that what they previously did to hunter biden story, just ignore it, forget it, suppress it, that is what they're doing again, all over again? >> three weeks before a presidential election, yes, that story was dismissed or it was called russian disinformation. we all know that is not truenow. that is why maybe this isn't being covered because so many networks, so many news organizations like "the new york times" and "washington post" called it a conspiracy theory to believe otherwise, that the laptop actually belonged to hunter biden. all the emails showing influence peddling in places like china, ukraine, russia, stu. stuart: you have got government. you've got the fbi.
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you've got big media, got twitter, discussing how to keep political information away from voters right before an election. to me that is a conspiracy. is anything going to happen? >> well there is a new republican congress coming in a couple weeks. i would imagine we're going to see all the leaders of big tech on capitol hill, for hearings and tough questions are going to be asked. there will be a lot of theater around that. a lot of soapbox moments from the ted cruzs of the world. in the end what accountability will we see? because these are private companies, i'm not sure what can be done in terms of penalties but then again jack dorsey, it is right on tape, he lied to congress when he said that "shadow banning" did not happen at twitter, we know it did. when you lie to congress is there accountability? we'll see. stuart: senator-elect, john fetterman and his wife are acting in upcoming christian bale movie for netflix.
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he has time to do an interview but i don't think he has given interviews at anytime? >> it a lot like his campaign. you didn't do anything rye assembling a challenging interview before the election, would not agree to debate after five weeks of voting had occurred. while the city of philadelphia breaks another record for homicides in one year as it has, it broke last year's record. this same city has become the fentanyl capital of the world, pennsylvania is near the bottom of rankings when you look at states, this is what senator-elect fetterman is up to. when he enters the senate. the worth ethic will not change much. he will not be a empty suit but a empty hoodie. rubberstamp any democratic bill that crosses his desk. stuart: empty hoodie. thank you, joe concha. thanks, david bahnsen for being with us at the whole hour. glut ton for punishment. >> great to be here. stuart: daniel maloof, byron york and there is this.
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brits are disrupted by a big snowstorm, freezing fog. they don't like that over there electricity costs have nearly doubled. railroad workers are stagerring walkouts, more strikes expected before christmas. yeah, harry kane missed that penalty that will be my take next. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.
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