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tv   Varney Company  FOX Business  December 16, 2022 9:00am-10:00am EST

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remember all the time is my mom making what's called strufuli, it's basically honey balls. we did it, like, an assembly line. she would roll up the dough and cut it, put it into balls, bake it, then she would make individual cups, put sprinkles and honey and nuts. ryan payne, steve moore, you have do you have any favorite traditions? >> my favorite christmas movie has got to be love actually. maria: okay. how about you, ryansome. >> i never would have guessed that, steve, for you. [laughter] it's surprising. nat king cole christmas album is my favorite. maria: have a great weekend, everybody. "varney & company" bins -- begins right now. stuart: good morning, everyone. jay powell got the ball rolling wednesday when he took on what
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was perceived to be a hawkish tone. it proceeds today. down another 350 as of this morning. the s&p down nearly 100 yesterday, 2.5%, down again this morning 38 points. nasdaq down 56 after a 3% drop yesterday. lots of red ink. looked at big tech which took it on the chin yesterday. all of them are down again this morning except for meta platforms which, actually, a nice spark there, up 2%. you have the same interest rate spread again indicating recession. the 10-year yield's 3.51. way below the 2-year which yields 4.26. recession indicator. we say it every day. and yet again bitcoin stays put at $17,000 -- 16,9, to be precise. go figure. by the way, news organizations have asked the courts to reveal the names of all ftx account holders. that's dynamite. those names are revealed, a lot
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of investors will suffer reputational damage, and big plaintiffsmenting firms -- investment firms may be sitting on undisclosed losses. chaos in el paso as wave after wave of migrants overwhelms the border patrol. democrat mayor has asked the administration for $7 million to cope. new york city's asking for a billion. the president is sending out more home testing kits. there's a surge in colds, flu, rsv and strep a. masks are making a reappearance. here's my question, are children getting sick because after living in a bubble, they lack immunity? the effects of the pandemic just roll on. and here's just one of today's musk headlines. he has suspended several journalists from twitter saying they endanger his personal safety by tracking his movements. he says hay help provide, quote, assassination if coordinates. friday, december 16th, 2022.
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"varney & company" is about to begin. ♪ ♪ if. ♪ muck. ♪ muck. ♪ it's that time of year, christmas time is here ♪ stuart: the tree is pretty, with but the weather is absolutely awful this in new york today. gusty wind, pouring rain lasting all day long -- lauren: and yesterday. stuart: you're right. it was rotten yesterday as well. it's a rotten day on the market thus far. show me futures, please. look at that, down 350 at the opening bell percent dow, down 50 percent nasdaq. it's another selloff. no idea how we're going to close this afternoon, but right now it is, as they say, red ink city. kenny poll carry is coming in today. is jay powell determined to bring the market down? >> he is. he is determinedded to bring the market down, and i think so are some of central bankers that are
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around the country. we saw that yesterday. christine lagarde came out, and she made it crystal clear just in case min wasn't listening that they've got more to go, rates are going higher in 50 basis point increments. so while he may say he doesn't care what the market does or he's not trying to bring it down, all the actions by jay powell, christine lagarde and all the other central banks suggested heavy got to take the fluff out of the system. and one of those fluffs is the stock market. stuart: look, we're at 33,000 barely on the dow at the moment. a couple of days ago we breached 35,000, for heaven sake. how deep does this selloff go? >> right. well, so, listen, you and i have talked about this. i think the trend line on the s&p right now is 3840. and if the futures hold where they are, we're going to kiss that right on the opening, and investors should keep their eyes on it because if we slice through it like a hot knife through butter, the way barbra
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streisand would i say, we're going to 3800, a level that i thought we were potentially going to see before we see this year-end santa claus rally. once the new year starts, slate is wiped clean. i think we churn a little bit, but i'm looking at, like, i think the worst case scenario is somewhere in the 3750 range. we might test it lower, stay there, churn for a little bit into the new year and then start to try to make sense of what's going on. stuart: can you give me what you think will be a big winner, a stock, in 2023? >> can i give you a big winner in 023. [laughter] siewfort stuart yes. >> probably should give me a little bit of time -- yeah, yeah, yeah, you want a big prediction. you're killing me. you want a big prediction. [laughter] well, listen, you know me, i tend to be mt. bit boring stage, right? so i would pick ibm or i'd pick microsoft, i think, are going to do well in 2023.
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stuart: ibm. old tech the. >> i love ibm. i love it. stuart: what's so good about 'emsome. >> i don't know, it's just, maybest old tech, maybe it's just that sense, but there's a lot going on at ibm in terms of the future, in terms of where they're going. you've seen the recent news out that, what they've done, but you've also seen the sock up i think it's trading near the highs. i didn't see it yesterday, 150 or somethingsome it acted very nicely today. it's a big dividend payer, it's a solid name, and i think it's going to continue to outperform. stuart: all right. merry christmas, kenny. you're on tape with ibm. >> and to you. stuart: see you later. hanks a lot. new polling shows president biden's popularity among democrats is improving. 40% of likely democrat voters want biden to seek re-election. that's up from 25% just this past summer. todd piro with me this morning.
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the poll also shows younger voters overwhelmingly want someone else to run for the presidency. looks like they want a new generation of leaders. >> hear my take on both of those topics. one, on the youth front, participant of an overall movement to get a new generation in there, new blood because it seems like both parties have a lot of 80-year-olds, and the youth may not necessarily want 80-year-olds dictating policy for hem. but two, why do you think biden dipped after the election on the youth front? i think a fair number of people said, wait, the student loan bribe's not going to happen. we gave him our vote, and now it's not going to happen. i think they're upset about that because as we've said, it's not legal, and it's not gonna happen. on the bigger thing, why is his number up overall? stuart, we could decide who's on the democrat bench. i'll wait. [laughter] nobody, right? and if you like left policies, boy, joe biden's really been good for you, so why not if you really like far-left policies?
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stuart: later in the show i'm going to editorialize about a new generation of leaders in 2024, newsom from california, desantis from california. >> that seems like the matchup that everybody wants to see, those two guys with good hair -- stuart: well, newsom will be 57 in 2024, and desantis will be 46. that's the 40 and 50-somethings coming along after the 70 and 80-somethings. another one for you. the senate unanimously passed a bill to ban tiktok from government devices, but speaker pelosi will not commit the house to voting on the bill before the current session ends. watch this. >> i'll take a look and see. we're checking with the administration just in terms of language. i don't know that that will be on the agenda next week, but let's see. but it's very, very important. stuart: okay, it's very important, but e why is she dragging her feet? >> yeah, why when something is so bipartisan, they had unanimous support in the senate. the senate can't agree that
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today is friday unanimously, so you have to ask the hesitation. does she have some i ties to the ccp? if is she doing biden's bidding or is it simply a matter of scheduling? it's unclear, it's uneasy, but at thend of the day joe biden's own administration has said it has to happen. hopefully, she puts it on the floor sooner rather. hand later -- sooner rather than later. i agree with pompeo and the gang that says this thing's got to go all throughout the country. stuart: senate majority leader, assume orer, he's looking ahead to who will control the senate in 2024. all right, lauren, i guarantee he thinks the democrats keep control. lauren: it's a bold call because you've seen what the senate looks like in two years, not favorable to democrats at all, yet their leader tells nbc this: yes, i absolutely do think we keep the senate if we stick to our north star which is help people they need -- with things
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they need help with. but in all seriousness, as part of that interview he did say two things. he said republicans have been overtaken by the maga influence. that doesn't go away quickly. he his that costs the republicat costs the republican party. then he positioned the democratic party as pragmatists. are they going to moderate and not cater to their far left? i was a little bit hopeful. talking about that map in 2024, 23 of 33 seats up for grabs are held by democratic senators, and 7 of those are in deep red states. and kyrsten sinema just defected. so it's a bold call to say that map looks good for if democrats, but anything can happen. stuart: that is very true. that is a bold call. next case e elon -- here it is, the elon musked headline of the day. there are several, actually. lauren: i can't believe you waited this long.
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ten minutes in. stuart: why is the mainstream media lashing out at musk over the twitter concern. lauren: the cnn panel which you're about to hear didn't like that he hand picked select journalists. so watch here. >> i think the problem here though is that elon musk is effectively serving as a gatekeeper for this information. he is not giving it to newsrooms, he is giving it to hand-picked journalists. >> that's not the spirit of free speech. lauren: they weren't the selected journalists. but, you know, musk upended their world. for years they had democrats in the white house and in law enforcement and with the campaign offed biden working hand in glove with twitter to tell you certain things that weren't true the about hunter biden, about covid. they operated a back channel to silence critics. and then they had james baker, right? he was the former fbi general counsel, then twitter's general counsel. he did the bidding for biden. stuart: and those days are gone. lauren: so they're mad and you
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just heard it. can't say everything that elon musk does i like and approve of, but he upended their world, and they don't like it. stuart: check futures, please. i'm afraid if there's red ink again this friday morning, down nearly 400 for the dow industrials. coming up, cohost of "the view," sunny hostin, raged at the royal family at the release of harry and meghan part two. watch this. >> they took over their narrative, and hay had every single right to do that. and i think what they went through in terms of how racist that family was against her, in terms of how racist that country was against her -- stuart: thats' interesting. the racist royal family and the racist country. we're definitely going to get into that one. there is a surge in strep a, covid, flu and rsv cases. is that because our youngsters lack immunity? a doctor will answer that question next. ♪ ♪ sick as a dog, what's your
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story? ♪ sick as a dog, cat got your tongue. ♪ sick as a dog, you'll be sorry. ♪ sick as a dog -- ♪
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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: if you are just joining us and you want to mow if the selling continues on wall street, yes, it does. dow is going to be down about 400 points at the opening bell 14 minutes from now. as we face a rhode island demicw and covid, there is a surge in strep a. how many cases, many more cases than in an average year? is. >> it's very hard to quantify. i'm going to explain that, but the cdc is saying that it is looking into what they call, and i'm quoting their web site now,
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a possible increase in the number of potentially deadly, invasive group a strep infections among children in the u.s. now, hospitals in at least five states including colorado, texas and wisconsin, washington and west virginia, say they have seen a spike in the number of cases according to several reports. now, the full extent of the spread is very difficult to determine because no government agency tracks the number of infections. since november colorado state epidemiologists says there have been 11 cases in the denver area. two young children died from the illness. the surge is unusual, and doctors say kids most susceptible already have another respiratory illness. >> these are rare infections, so we don't expect a large number of these infections to occur. you know, is -- 1-2 a 'em month is what we typically see, and we've seen an increase over last couple of weeks. but we still expect these to remain uncommon, complications
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of, you know, strep throat or other preceding respiratory viral infections. >> reporter: the world health organization reports increased cases in france, ireland, the netherlands, sweden and the u.k. british health officials say there have been 74 deaths across all age groups including 16 among children under 18. health experts say invasive group a strep is spread by close contact such as cough, sneezing and the like. while there is no vaccine to prevent the illness, it is treatable with ain'ts. antibiotics. invasive group a strep is more serious hand the noninvasive variety because it invades parts of the body that are morally germ-prix. it can the lead to -- germ-free. it can lead to more serious illnesses. preventative measures include masks in crowded areas, good hand washing, and doctors also say it's important to get vaccinated against covid and the flu underscoring again, stuart, kids that have been getting this
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have underlying respiratory illnesses. stuart: fine. but when you talk about deaths among children, you get the attention of every parent in the land. david, thank you very much. doctor, is the tridemic, as i'm going to call it, and surge in strep a, is it possibly because kids lack immunity? >> well, good morning, stuart. i think that's a possibility. i think as we go forward we're going to start to see these unintended consequences of having kids in masks and isolation for the last almost three years. it's impossible to quantify it, but i think we're going to start to see more and more of these things as david's report, which was a very good report, by the way, gave a lot of good information. now we're seeing these invasive group a strep infections which is really concerning. we don't usually see very many of these things, they're fairly uncommon and rare, and we're seeing more now. is it a coincidence? i'm not so sure. i guess time will tell. stuart: the white house is
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sending out more free covidst tests. i have to ask you, doctor, do people still do a lot of testingsome. >> people are doing testing. i'm not sure that the it's very effective or useful at this point because a lot of people test early on, so if they start to get a fever and they don't feel well, they start testing themself on day one and day two, and most of these home tests are not terribly accurate at that stage. i tell people test again on day three are, four and five if you think you might have covid because those first couple of days, most of those tests are going to be negative, and then they roan yously think they're not infected. i'm not sure it's going to make that much of a difference at point. if you're sick, stay home and, you know, don't go out and try to spread it to other people. if you're sick, it could be the flu, it could be covid and, obviously, we're seeing rsv too. hopefully that's peaked and starts to taper off. stuart: doctor, masks are making
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a return in some parts of the country. public schools in philadelphia, for example, are making students and teachers wear masks for 10 days after of coming back from the winter break. is the return necessary, and does a mask offer any protection against strep the a? >> so routine masks really don't, you know? the paper masks that most people wear or cloth masks really don't. the higher quality masks can help. i'm not sure that i'm advocating that all kids and broad mask mandates come back. i don't think that that's terribly effective. the kids often, you know, touch their faces a lot, and i don't think that's terribly effective. i like to risk stratify people, you know? and this goes for whether or not somebody needs a booster shot, whether somebody needs to wear a mask. if you're at high risk and you're immunocompromised, you should take every possible precaution. if you're younger and healthier, i really think it should be up
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to you, and i'm not in favor of broad mandates at all. stuart: got it. dr. frank, thank you very much for being here, sir. we appreciate it. >> thanks, stuart. stuart: we wish you a merry christmas. >> you too, stuart. thank you. stuart: futures show that red ink still there, down 370 for the dow, down 70 for the nasdaq. the opening bell is next. ♪ and then i saw her face -- ♪ i'm a believer. ♪ not a trace of doubt in my mind ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help!
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stuart: some red ink there, it's got a bit worse, down 400 for the dow industrials, down 90 for the nasdaq. mark mahaney is here. you released your best ideas list for 2023, i've seen it, and your top pick is netflix. you seem to be going against the trend with that one because we just heard that advertising supporting tier isn't doing so well. what's so good about netflix next year? >> you're right, we did get that news yesterday. i think they've got growing pains. this is a business that spent last 25 years building a subscription business, and now
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they're venturing into advertising, so it's going to take a while to learn. but the opportunity is really large for this company. going into next year, you want to be highly selective, you want business models that are somewhat recession-resistant. nothing is recession-proof. i think cheap entertainment like you get out of netflix, $9.99 or even $6.99 for a month of netflix con temperature tent, that's cheaper than a latte at starbucks. it's got a new revenue stream that's advertising, and they've taken costs out. you've got to find businesses that are already taken costs out because with revenue trends deteriorating or softening, you've got to match to your revenue. that's why i like netflix and it's the our top pick for the year. stuart: okay. and you like uber technologies. that's not done much for a couple of years now. why do you think it's going to do something next year? >> well, it's actually started to rally very nicely since the middle of the year because they've finally proven that they can generate positive free cash flow.
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that inflection point, stu, came at the middle e of the year. mobility names had their cost structure slashed at the beginning of the covid crisis, they needed to, but they're meaner and leaner going into a probable recession next year. and on top of that, it's something of a utility. i just don't think people are going to cut back materially or even at all perhaps on mobility. they'll still need to commute, they'll still have weekend outings, trips ott airport, so i just think the demand holds up a little bit better for an uber than for most other companies. that 's why it's one of our top the picks. stuart: okay. the other one is wix which is a web site maker. what's so good about 'em? >> it's a web presence company, stu. wix has been around for 8 or 9 years. it's just -- we think it's about which names will hold up, whether demand will hold up. so we're less consumer discretionary and more sort of a utility revenue stream.
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people are going to need to maintain their the web presences, their web sites. your a small -- you're in -- if you're a small business, you've got to maintain a web presence so you can you can sell products and services. i think wix is a new -- stuart: is that lingo, discresh? [laughter] >> i try. stuart: i'm going to wish you a merry christmas. i hope that's all right with you. >> merry christmas, stu. stuart: we'll see you soon. the opening bell is about to ring, about 15 seconds. you would have thought you might see a bit of a rebound, but it doesn't look like it at the opening bell which comes at us in 5 seconds flat. we're still looking for a loss of about 300 points for the dow jones industrial average. here we go, the lady bangs the button right there and away we go. the dow industrials in the first couple of seconds' worth of business have moved lower. i saw apple pop to the upside there very briefly. yeah, will we go.
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apple's slightly -- ooh, 10 cents higher. the dow is down 200 points. how about the s&p? where's that this morning? it is down .63%. where is the nasdaq compositesome it is down one-third of 1%. big tech, gotta take a look. meta platte forms up 3%, apple up 13 cents. susan: well, meta was just whereupon graded by jpmorgan, calling it overweight, an increase in cost kohls and easing of the impact of the -- stuart: you surprised me there. i didn't know you were going to say anything about metathe, you just popped right up -- susan: we should explain big moves. you're up 3.33% this morning? stuart: well done. now explain why tesla is up -- susan: cathie wood bought some more last night. it's been beaten down so much, the fact that elon musk has gotten that $3.6 billion in
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share sales done this week, that means $45 billion over the last two years. some people think that price pressure is off. and tesla, by the way, if we look at the actual news, they are trying to find some new revenue streams which i think is also positive. so they're going to share their charging stations through selling electricity through these power wall owners calling tesla electric. does that make sense? stuart: that's a new name, tesla electric? susan: yeah. and some of these markets will start in texas. so they're looking to help build out new revenue by sharing and offering electricity. and we know that remember last year at around this time or was it the year before when hay had those brownouts and the blackouts because of that winter storm in texas? stuart: yeah. susan: so why not get power from tesla electric? stuart: because if the power goes out, your tesla's not much good. susan: no. karatny -- cathie wood buying
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more haas night, the first purchase of tesla shares in a year for her. stuart: i say goldman sachs is going to lay off more people. how many? susan: 4,000 now. remember we were talking about 400 to start this week, now that's increased 10 times. it's about 8% of the work force. obviously, business in this type of slowing economic environment and maybe slowing trade, trading, that is, that means they have to lay off some individuals. we've talked about the consumer branch and retail that'll likely be impacted the most. stuart: okay. and goldman is down 1% as we speak. i like this talk of a deal, a possible deal between boeing and air india, because it comes right after the united/mammoth deal. susan: yeah. from what i see, boeing is close to selling 190 737 max jets plus 30 dreamliners and also some 777s. why notsome to air india. why not?
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if remember that 100-plane order from united earlier this week, that was for 100 dreamliners and then options for another 100. list price for that was $43 billion. extrapolate and think how much this air india deal could be worth. they've had problems with covid and, of course, the 737 max grounding. stuart: tell me about it. i was the guy who bought boeing at 300 and got out of it at 120. susan: and now you have two stocks in your portfolio -- stuart: two, blackstone and microsoft. susan: i'm just wondering if there's a time to rejig that portfolio holding. stuart: i'm a great believer in this company. you heard it first -- stuart: -- superzune he's a high conviction -- susan: he's a high conviction trader. stuart: on my screen i see adobe. i'm interested because it's up 6.5%. [laughter] susan: good for you. they're maintaining their forecast for the fiscal year, and it looks like there was a pretty strong summertime for
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them. revenue was pretty much in line, great. don't forget they also bought $20 million worth of figma, so if you're inkeyesing your sales, maintaining your, forecast in this type of environment, not bad. stuart: put first time perhaps ever, i'm going to ask you for a forecast. susan: okay. no, i wanted to ask you for a forecast. do you think france can beat history on sunday -- stuart: you're going to ask me about that. susan: can they be the first back to back team since 1962 and brazil to win back to back world up cups? start stuart they could. but i'm with argentina. susan: and m if essi, because you think he -- messi deserves to win. if anybody if does, i agree. stuart: okay. here's my question, okay? is it possible that you think the market could end higher this afternoonsome. susan: yes. there's a lot of distortion effects taking place this friday. we do have options heading --
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this is probably the last week of actual real volume since most people are closing hair books to go on christmas vacation, so, yes, i do think there could be deployment of cash this session, we could end higher. stuart: post that somewhere -- >> i like when these two go at it, it's like watching tennis. [laughter] susan: can i be federer then? >> who do you want, nadal? stuart: yes, thank you very much, indeed. argentina if on sunday. and croatia beats morocco for third place on saturday, saturday morning. [laughter] all right. check the big board, in business now for, what, five and a half, nearly six minutes. we're down down the 220 points. the winners, boeing. i like to see that. apple's a winner, microsoft has moved higher. s&p winners, adobe is there, meta-- i don't know that one. on semi -- susan: yes. i think that's a chipmaker.
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stuart: there's your adobe, up 6%. next case coming up, the migrant surge straining el paso so bad, the local authorities immediate $7 million from the government, the feds. title 42's about to expire and things are going to get worse. we'll have the border report for you. ftx founder sam bankman-frieded's relatives requesting vegan meals for him. dave portnoy has been pretty vocal about this case. wonder what he thinks. what's going to be the end game for sbf? i'll ask him because dave is next. ♪ -- big reputation. ♪ ooh, you and me, we got big reputation ♪ this... is the planning effect.
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say anything about meta, you
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>> this is carolyn at cat rescue. >> she's the mother teresa of cats. stuart: all right. now, that was carol baskin, as you probably know, and we're playing that because the senate has passed a bill to curb private ownership of big cats
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like tigers and lions. ashley webster is with us. is, carol was a big advocate of this bill, right? ashley: oh, yes with. yes. she certainly has been for some 30 years. and by the way, behind me here is caylee, giving herself a little morning wash. she's one of the tigers here at the big cat rescue preserve in tampa run by ceo and founded by carol baskin, who joins me now. carol, i want to get right to it. the big cat public safety act. you've been campaigning for this for many, many years, decades. how important is it, and what does it do? >> it does two the very simple things. it stops the cub handling, which is the egregious snatching of these cubs from their moms and pimping them out as pay to play props, and it phases out the private ownership of big cats. so within the next the five years or so, this whole problem goes away. but the biggest thing that this does is it's the first step to
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saving the tigers in the wild, because it gets rid of the legal smoke screen that is the cover for all of the illegal activities like poaching. ashley: very quickly, talking about "tiger king," you called that a nightmare. you say it was dreadful, a complete mess. however, that said, maybe that notoriety that came from that show helped you maybe get the attention you needed to get this act through. do you think there's an element of truth in that? >> there actually is, because i was able to meet with about a hundred senators and congressmen about this bill, and i don't think i would have had that opportunity if it had not been for that celebrity status. [laughter] ashley: all right. you've just gottenover it, i think barely. carol, thank you very much. i'm going to get back with caylee who's now 22 years old, which is very old, by the way, in the tiger world. i don't blame her, she's having a snooze now. but i do want to say, stu, there are about 4,000 tigers left in the wild now, but there are so many more incredibly just living in the united states either in the traveling zoos and even in
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people's backyards. and that's not a good situation. and if this new act will hopefully bring that to an end. back to you. stuart: got it ashley, thanks so much. staying on "tiger king" stars, joe exotic is once again, he wants to be released from prison. what smacker -- sparked the new request. lauren? [laughter] lauren: sorry. it's hard to do the story without laughing. the release of brittney griner from a russian penal colony. i know. in comments that tmz obtained, the whole brittney griner and trevor reid prisoner swap is a slap in the face of everyone wrongfully detainedded. a dangerous man was released for brittney griner to be free. it's time joe exotic gets to be home for christmas to be home with his boyfriend and his son for the first time in five christmases. he's serving 2 is do -- 21
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years, convicted for hiring a hitman to go after carol baskin, who you just saw. >> already a lot of people who claim to be innocent behind bars, and hi of the nature of the crime. convicted of hiring a hitman? brittney griner had some hashish oil with putin in russia. much different circumstances. stuart: there is a different. -- difference. all right. coming up, e-mail your questions, comments and critics to varney viewers@the pox.com. wills still --@fox.com. and dave portnoy is on the show. we're talking cryptos, twitter, world cup and more. more "varney" after this. ♪ -- must fight just to keep them alive. ♪st the eye of the tiger, it's the thrill of the fight -- ♪ rising up to the challenge of our rivals ♪
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first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. hi, i'm katie, i've lost 110 pounds ask your rheumatologist about on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy.
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it just works in everyday life as a mom. stuart: here's a headline for you in "the new york times" from november of this year, desperate for growth, aging casino company embraced yes -- degenerate gambler. dave portnoy is with us. all right,day, that piece is about you. it suggests you advised your fans to wager that are house,
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kids and family on a single game. i guess the times thought that was irresponsible. do you want to respond? >> well, yeah, that was a hit piece, stuart. it didn't start with any of the gambling, it started with, you know, anybody that's connected with social media, women, then it moved to whether -- she hit every subject she could hit, found nothing and then turned it around. and we gamble and we speak many gambling terms like, hey, that's a mortal law. she took that as literal, it wasn't. and you've got to be responsible just like with gambling, with stocks, with anything. stuart, if i say, hey, i love this stock, you've got to make the decision whether to -- how much money to put in. you've got to always be responsible with everything. but that a emily steele, that new york times article, they were never going to say anything remotely nice about me, and i've come to learn as part of this media business, people write hit pieces. that was a good example of it,
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so what are you going to do? stuart: and i hear, i believe you've moved to florida for taxes, right? >> well, yeah -- [laughter] stuart: yeah, there to you go. >> tax haven. yeah, yeah, yeah. the tax is outrageous in some of the major northern cities, so i'm going to save as much as i can. but, yes, that piece -- and, by the way, with that author which i've documented, i offered to sit could be with her multiple times to answer any question that she had. i'm an open book. i think you probably realize that at this point. her response probably 5-8 times was i'm very eager to meet with you, i'll speak with you soon. months passed, 7 months, i think, i didn't hear a peep. she wrote the article and said hey, dave, you've got 72 hours to respond to a whole host of a allegations, most of them false which she didn't publish. so it was a hit piece, and anybody, any reporter who writes nasty things about me, i always offer, i'm willing to sit down. i'm your star subject, why
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wouldn't you want to sit down with me? my only request is that i record it, both video and audio, so you can't edit it and make me look bad. she denied that request, she's a coward. stuart: i'll reeve it right there -- leave it right there. let's talk sam bankman fried. we understand his family is asking the prison to provide vegan meals. forget that for a second. dave, what do you think the end game is here for sam bankman-fried? >> i don't know that he has an end game, stuart. you know, one of the great scams of all time. everything he said after this thing fell was amazing to me. way he was tweeting, the way he was going on different spaces, "the new york times," they had him at a conference and, stuart, you would have thought they were giving him the nobel peace prize, people clapping up and cheering. but this guy's a scam artist. every question he has that is difficult, he base basically i
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don't remember, i kind of lost track of things. keep in mind, stuart, this guy, ftx did advertise with barstool probably a year and a half, who years ago. do you know how involved he was? before he would sign it, he requested to to speak with me. so this guy knew where every ad dollar was going, but suddenly he doesn't know that commingling funds and all the nasty stuff? give me a break. he deserves prison. he stole people's money and ruined lives. stuart: so if he paid you money to advertise on your web site, could that money be clawed back -- >> i certainly hope not. stuart: but it could be. i mean, back -- >> well -- stuart: go ahead. >> isn't that the, though, stuart, let's take the gambling angle there. we, like, prior to gambling being legalized, we couldn't accept money from our shore casinos. it was illegal. ftx it was legal to accept advertising. now, they seemed like a legitimate company. why would -- like, who's responsible? at what point is it our
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responsibility? we'd never get ad dollars if we've got to run an investigation into with every company that wants to advertise. so i do think it's the government's responsibility to a cree in case to make sure it's a legitimate thing. stuart: let's talk elon musk and the twitter file dumps. do you like what musk has been doing with that platform? >> some of it. so i -- people have been killing me, it's crazy. i get killed on both sides. for me, when he exposed there was censorship, to me, it was like, okay, i knew that. i get censored. since elon took over, i get way more views on twitter because i'm perceived on the right. so, yeah, i think there's a lot of crying from the left. and new thing today the where he banned a bunch of reporters for docking his location, i have no problem with that concern doxxing his location. i have no problem with that. for the most part, i don't have a problem what he's doing. there's a lot of crying. and i always go back to this,
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stuart. if you recall, he tried to pull out of that twitter deal at one point. he didn't want to buy it. nobody had a gun to anybody's head from twitter for selling it. they held him to that and said, aha, we got you at this price. this is capitalism. it's a private company. if you didn't want him taking it over, why'd you sell? you force him to buy it -- you forced him to buy it. stuart: what is a hot boy walk? is that somewhat similar to a hot girl walk that appeared during the pandemic? what do you do -- >> yes, that's exactly concern. stuart: is that what you do? >> yes. there it is, there i am -- stuart, i have a bad shoulder, and i can't exercise, and i'm getting fat. so i start walking like 3 miles a day, and while i'm walking, i might as well just with rant. you know i said the girls are beeping when they drive by, that's a hot boy -- stuart: girls beep at you when
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you walk? >> i may have exaggerated on that. that may have been a slight exaggeration. stuart: i've got 30 seconds left. who have you got for the world cup, argentina or france in. >> i think france back to back. although i will say i think argentina has the most colorful, best uniforms in any sport. and i know everyone's a big messi guy, but those uniforms maybe because of the the baby blues, but those are spectacular uniforms. stuart: the uniform does it. dave portnoy, always entertaining. merry christmas. >> thank you. you too. bye. stuart: i've got to say thank you, todd -- >> my christmas present early, stuart saying hot boy walk on national tv. i'm good now. stuart: what's wrong with that? [laughter] suggest ahead, or mollie hemingway, former u.s. ambassador tomato, kurt volker, steve hilton, lawrence jones. packing it all in to the 10:00 hour, which is next. ♪ ♪
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stuart: i know that is kelly clarkson.

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