tv Varney Company FOX Business December 19, 2022 9:00am-10:00am EST
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next move is. this happening as the latest batch of twitter files shows the fbi pressuring twitter employees for answers on foreign influence. let's check the markets on this monday morning. the dow is down a little bit, the other indexes are about flat it's a kind of a slow day in this holiday week. meanwhile, bitcoin is still holding below that $17,000 level , and sam bankman-fried is going to be appearing in court in the bahamas shortly. he is expected reverse his earlier decision to contest extradition to the united states we're going to have the very latest on this and an exclusive video obtained by fox it shows extreme overcrowding at the border patrol central processing center in el paso, texas, where, by the way, it is below freezing this morning. this is where just two days from title 42 being lifted. we'll have the latest from the border. we always wish you a white
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christmas, right? well, we might just get one this year, across a large swath of the united states, and it could cause a major headache for millions of holiday traveler s, and one of the greatest games ever was spectacular. i'm not a big soccer fan, but i was mesmerized by what happened. 35-year-old leonell messie final ly winning his world cup and the countdown to christmas is on , it's monday, december 19. my wife's birthday, 2022. "varney" & company is about to begin. we are the champions, my friend ♪
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>> [crowd cheering and clapping ] >> these scenes will live forever, as argentina has won the world cup! david: it really was the best world cup game, certainly best final in the history of the world cup. argentina defeating france in the world cup. argentina led the game early on. it was 0-2 until france tied things up in the last 10 minutes of regulation. the tie persisted through the extra time of the match, finally ending in a penalty shootout. congrats to the teen argentina game. it was a game for the history books. next case, in a twitter poll, elon musk asked if he should step down as ceo. he said he was going to follow what the poll said, lauren, first of all good morning to you lauren: good morning, david. david: what were the results? lauren: 17.5 million people
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responded and 57.5 said yes, step down as head of twitter. musk says he will abide by these results but did not announce a timeframe or a successor. i think those cheering the most are tesla shareholders look at this up about 3%. they say their boss is distracted and they have seen him cash out nearly $40 billion of his tesla shares this year. david: by the way, he said be careful what you wish for , thinking about who might replace him as ceo. lauren: do you have any ideas? david: i was wondering if somebody like jonathan turley perhaps? he doesn't have a lot of business experience but he certainly agrees with what elon has been saying about the way twitter should go, so we'll see what happens. next one, lauren. let's get on to the latest on sam bankman-fried. no longer going to fight against being extradited to the united states. right? lauren: change of heart. maybe the conditions at that prison in the bahamas are too severe. he couldn't get his vegan meals. several reports say that he will appear in a bahamian court today and drop his extradition fight.
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so he would likely return to the u.s. quickly, where he will appear before a judge for an arraignment and bail hear ing. this ups the timeline for his federal trial, indicted on eight charges, wires and securities fraud, money laundering, et cetera. could face the rest of his life behind bars, 115 years. david: he's talking about rats in the prison and bugs and all sorts of things so prison time in the united states i guess is better than prison time in the bahamas? lauren: yeah, and someone like him isn't used to any prison time whatsoever. david: absolutely, lauren thank you very much well, jeff sica is here so does sam bankman-fried's demise mean the end of cryptocurrency? >> well that's the question everybody is asking, david. they are asking is this indicative, is this a contagion but what i see is the cryptocurrency market increased in value over a trillion dollars. now that's minor compared to what the equity market is about $107 trillion, so it's still a
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relatively small market, but what the emergence of this sector tells us is that there's a significant percentage of the population that like the idea of a currency that's not directly controlled and manipulated by the central government. david: by the way if you look at bitcoin as kind of a well weather for what's happening with all cryptos it seems to have found a bottom. it's around that 16 to 17,000 level. >> yeah, i mean, bitcoin is the cat with nine lives. it's like the terminator. you can't kill it. i mean, it's a 17,000, it's down a lot, but it seems to have stopped going down, and you still have a lot of interest in the momentum behind it. i think it's a lottery ticket. i think it's the most speculative investment you could be in, but if someone is willing to invest in it, and potentially lose the money, it's worth maybe giving it a shot. david: well markets, they were down last week.
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i mean, you had this terrible experience at the end of the week, but i'm wondering and i kind of know the answer, because you're kind of a perennial bear, well at least in this market you are. you aren't buying in the dips right? >> i'm not a perennial bear, by the way. i have stock. i'm in the market. what i see here is theres a couple things. you had a lot of these what i would call peak freaks. people who thought the inflation peaked and now they are going to buy. now all of a sudden we have another issue and that's going to come when earnings come, so you have inflation, you have the cpi which seems to have peaked, and now you have earnings. what i anticipate is earnings are a lagging indicator. you will see earnings probably decline in the neighborhood of 25% which is from cpi, so a lot of people are saying well the end of inflation is the beginning or the end of the bear market, the beginning of the bull market. what we have in reality is we
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have inflation ending, the fed acting like a two-year-old that's going to hit this market and the economy until they break it, and you're going to have to see rates go up, and no bull market has commenced without the fed lowering interest rates. david: what we also have is an administration that is not going to be easy on business. that is to say, it's not giving incentives by lowering tax rates , by lowering regulations. in fact regulations seem to be increasing, so if there's going to be any progress against inflation, it's all going to be happening because of the fed on the demand side, not because of the administration making it easier on the supply side. >> right, think of last week. we had this big wednesday reveal with jerome powell. everybody thought he was going to pivot. a lot of those people, he came out and he said listen, we're not raising the 2% target. a lot of people thought they would raise the 2% target, which i think would have been awful if they did that. they are sticking with it, and when you have fed funds at a
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little over four and the cpi at close to eight, until you get those , until you get the fed funds near or above cpi, you're not going to see this. david: bottom line is more rate hikes are coming jeff great to see you. thank you very much. now this , the white house dodg ing questions on why president biden continues to refuse to visit our southern border. watch this. >> why doesn't he go to the border? he was just in arizona. i wasn't it worth his time? >> well you have to remember, margaret, when the president travels it's not like you or i jumping on an airplane and getting off and going to our destination. everything comes to a halt, so all of these things are in consideration for the president. is that the best use of resources? all of the resources that will be diverted on the ground when the president makes a visit. david: charlie hurt is here. charlie great to see you. how much longer can the white house keep the fantasy going that we don't have a border crisis? >> um, i don't know, but they
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are doing a good job of it right there. i mean, she deserves an award for keeping a straight face making that argument. this is a president who, you know, so the real problem is he cares too much about the border. he's afraid that if he goes down there he's going to mess the border up. no, actually everything that this administration has done to undo the previous administration 's real genuine hard concrete success at the border, it's stopping the flow. obviously it didn't fix the larger problem of the border which is, you know, decades-long problem, but the trump administration did fix the immediate problem which is the flow, and once you fix the flow, then you can, then you're in a less of an emergency and you could figure things out, but this is a president who spent less check 40% of his administration on vacation, traveling, usually to delaware or to his beach house, so this is just it's absurd on its face. they are mocking "the situation
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." they think they don't care about it, and everything, actually, maybe they do care about it because everything they've done has made the situation infinite ly worse. david: and people are dying, not only from fentanyl overdoses from the open border but the migrants themselves are dying. over 800 people have died in fiscal year. it's just terrible. very quickly, charlie. on the battle in congress, between republicans in the senate and republicans in the house, the house doesn't want to increase anymore spending but the senate republicans are going along with democrats, right? >> yeah, it's like the senate republicans have stockholm syndrome or something. it's amazing how willing they are to go along with these things but this is the moment for republicans to stand up and shine, and these fights, i know that mitch mcconnell and republicans in the senate don't want to get into a spending fight right now with democrats but this is one of those moments
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where you stand up and you fight and it pays, it's the right thing to do but it also pays huge political dividends down the line. david: well you know, the "wall street journal" says usually, the losers are in disarray, but not this time. it's the winners so-called the republicans. charlie we've got to leave it at that. good to see you my friend thank you very much. merry christmas. coming up, we are just two days away from the end of title 42, and texas governor greg abbott has a warning for what's to come roll it. >> what do you think happens next week when title 42 comes to an end? >> if the courts do not intervene, and put a halt to the removal of title 42, it's going to be total chaos. david: we'll get right into that. congressman mike gallagher is calling on americans to delete tiktok meanwhile and warns of the dangers of using that app. does florida congressman mike waltz agree with him? i'll ask him, next.
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david: the latest batch of twitter files released last night furthering details about the influence the fbi had on the social media giant. hillary vaughn has that story, so hillary, how's capitol hill reacting to the newest revelations? reporter: well, republicans in congress are looking forward to using the subpoena power that they will get in the house when they have the majority but this latest twitter files dump details how close and constant communication was between the fbi and twitter. at one point the fbi was even
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demanding written answers from twitter over statements they made about propaganda on the platform that even made twitter executives uncomfortable independent journalist matt taibbi says the contact between twitter and fbi was "constant and pervasive" as if it were a subsidiary saying between january 2020 and november 2022 there were over 150 e-mails between the fbi and former twitter trust and safety chief yule roth. agencies like the fbi and dhs even state governments regularly flagged social media content for action. one internal e-mail between the fbi's national election command post sent the san francisco field office a long list of accounts that may warrant additional action. then the fbi agent passed that list on to twitter hire-ups. then twitter took action and replied with what accounts tweet s had been suspended or deleted. republicans though eager to take control of the house majority in january, say they will use their subpoena power to get answers.
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>> we're going to do more than just subpoena them. we're going to change the course of where the fbi is today. if you look the fbi, everyday we learn something more, that they became and private companies become a political arm of them to go after individuals with no repercussions for individuals that know what's happening, but it raises more questions. reporter: the fbi says their engagement with twitter was routine saying this the fbi regularly engages with private sector entities, private sector entities independently make decisions about what, if any, action they take on their platforms, and for their customers after the fbi has notified them but david, in many of these cases, these files reveal that the fbi was flagging tweets from accounts that had very few followers and a lot of the offending tweets were actually jokes. david? david: unbelievable. hillary thank you very much. congressman mike waltz, the republican from florida joins me now. congressman, you know, if this was too much even for yule
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roth who was a severe critic of donald trump in the 2020 elections, i mean, isn't that a direct violation of the first amendment where you have the fbi demanding social media to print stuff that in many cases was false? >> yeah, david. i think this is just the tip of the iceberg that we're seeing, and thankfully, elon musk is shining a spotlight on all of this , but how wide did this go and how deep did this go? what was the involvement also of facebook, of youtube, of other social media companies? how extensively were they delet ing accounts and censoring accounts? and then how high up? who is directing all of this? we know that 80 agents were dedicated to it. david, i think the thing that's so disturbing to me is of course we don't want foreign election interference, and that was the original premise supposedly of this task force but i don't see anything in these exchanges
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that point to russian, iranian, chinese, north korean or other types of malicious interference. david: well on the contrary, congressman, they were pushing false information that russia was involved, particularly with hunter biden's laptop. you know, for years, democrats seem to be concerned about organizations like the fbi or dhs or whomever from interfering, getting involved politically in our political process, but they're silent now about that. i mean, their silence is deafening is it not? >> yeah, i mean, well let's just go back a few years. democrats from a civil liberty standpoint really threw their hands up at any type of government, surveillance, interference, you know, look at their reaction to edward snowden , where they really praised him as a hero for revealing nsa looking into
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our lives but now when it aligns with what they wanted political ly with the defeat and the silencing of donald trump and conservatives, then you add that on top of the irs scandal years ago with lois learner, the raid of mar-a-lago just two days before the political freeze diabetes out, the 50 intelligence officials that used the weight and gravity of their office to convince us it was russian information on hunter biden and the erosion of our national security, that trust in our national security apparatus is truly truly frightening and that's what we ultimately have to restore and transparency is the only way to do that. david: very quickly, congressman. your colleague, mike gallagher, is calling on all americans to delete tiktok off their phones. watch this. >> tiktok is owned by bytedance and that's effectively controlled by the chinese communist party.
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since a large percentage of young americans use tiktok to get their news, whether we want them to have the ability to selectively edit that news, it as if in 1958 given that tiktok is on the cusp of becoming the most powerful media company in america, we would have allowed the kgb to buy the new york times, the chicago tribune, the washington post. david: congressman, quick reaction to that. do you agree that it's that severe? >> it is that severe. i 100% agree. i have a rule to at a minimum pending that members of the house can't use tiktok, but we need to ban it as a country. india has done that. we can't have a situation where hundreds of millions of americans can be influenced by our greatest adversary. imagine a situation in a global crisis where they could tell 18-year-old men not to join the military, not to be recruited or they could geo locate pilots or railroad
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engineers or key members of the nuclear reactor so to speak if critical infrastructure , we can't have it david: congressman i'm sorry to cut you off. that's the end of this segment. mike waltz good to see you thank you very much. the opening bell is next. >> happy holidays. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠.
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david: check the futures, they are basically flat. sometimes they are going in the red, sometimes they are going into green but just barely and keith fitz-gerald is here to tell us first of all what's happening right now. unlike jeff sica, by the way, you do a little buying in the dips don't you? >> i do. jeff and i go way back. we have a difference in opinion and that's what makes the market such a great place to be. david: and what are you buying in the dips? are you going into tech at all? >> i am going into tech because that stuff has been sold off like it's going out of business, and you know what? if there's a 50% off sale and it's a great company, i'm going running into it because i want to get my hands-on it. david: okay let's look at the big picture now. 2023 what are you forecasting happen into next year? >> well, i tell you, i wish i could say honestly, david, that the economic mess was gone and behind us but i don't think it is so i think we're going to have a little bit of tough sledd ing coming into
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january but i do expect a much stronger finish to the 2023 arena because i think the fed is too tight. they might actually have to cut. that's not a very popular narrative right now. david: and we're not going to see much help from the administration in terms of deregulation, something you're supposed to do when markets are weak, right? >> i would agree with that, because these folks evidently have not passed economics 101 so they don't understand how real money works. as long as they continue to spend money the fed has a fiscal problem not a rates problem. david: and that means that the fed is going to be likely raising rates more, at least for the next couple of sessions, right? >> yeah, they can raise rates until the cows come home and they still aren't going to be to fix this. i think they are as wrong about rates and labor as they were about transitory and that's because the government continues to spend. david: by the way, incentives do matter and you are going to have a republican congress, so at least if they try to raise taxes at all, probably that will be killed in the house. that's good news for markets
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going ahead, isn't it? >> well, i hope so, but you know, the real good news is that there are still great quality ceo's out there who are putting numbers on the board, so recession or not, the companies that pay dividends fall less, stabilize first, and recover fastest. those are the kinds of things, the chevrons, the pfizers of the world that i'm going to continue to buy into if i'm smart enough to do it. david: i was just going to say if our friend jeff is selling like crazy, are you going to be buying anything that he's selling? >> oh, yeah, optimists make their money from buying from pessimists so jeff i've got your number, baby. >> [opening bell ringing] david: wherever there's a seller there's a buyer and we have both on this show. keith have a wonderful holiday thank you very much for being here appreciate you coming in. >> you too, david. david: you just heard the opening bell. markets are basically nadler. if we can look at the big board it's a little early to tell which way it's going right now but particularly when it was so flat we do see all green on the screen. we're probably going to see one or two red pop in there but
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right now about half of the dow is trading in the green but just barely so. it's pretty much the same picture with the s&p. it's 0.00 right now oh, we get an up market on the s&p and the nasdaq is basically flat as well. this is big tech right now. it's up just a tiny bit. let's get right to one stock. >> that is flat. david: really in the news a lot today. that's because of another company that's not showing in the stock market, tesla. >> i don't know. david: tesla is on the market, twitter is not but a lot of what's been effecting tesla has to do with twitter. >> obviously, yes, because of the $44 billion acquisition and of course, elon musk using a lot of his tesla stock in order to bring the margin loans on in order to afford buying that $44 billion acquisition, so the third-largest individual shareholder in tesla indonesian billionaire, he wants musk to step down and he says tesla should bring in a tim cook-type of custodian. a steady pair of hands and he
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says tesla needs and really deserves a working full-time ceo a lot of investors would agree and musk seems to be listening. you had that twitter poll. i'll get to that in just a bit but you know tesla, the stock is down 50% this year. they have a demand problem in china. they are cutting shifts, slowing hires and also offering $3,700 incentives here in the u.s. and that means that he's trying to get people to somehow buy more teslas and now if you look at the analyst community, and i would say that i would agree, they are saying that twitter poll musk is launching, he already knows he's going to step away. he's probably already chosen a new twitter ceo. he knows that poll would say yes and would step away. now they are just wondering when that's going to happen. you also have elizabeth warren telling me what you think as you always have an opinion on elizabeth warren, you know? david: yes. >> so elizabeth warren questioning tesla's board chair on conflicts of interest with elon musk's takeover of twitter and if he's hurt discourse in america with that twitter
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acquisition. you also have german prosecutors investigating allegations of tesla operating unauthorized dangerous goods in berlin near that gigafactory and a lot of people say you know, let's just focus on that half a trillion dollar electric car company which dipped below that valuation last week. david: i used to like elizabeth warren when she was writing with dave ramsey. she used to write books and she was fine, but then she became a politician, i don't know. she forgot all of his business experience. >> the consumer protection bureau she came up with that concept after 2008. david: politics can own a person. it's that simple. meta is facing anti trust accusations from the european union. >> so the eu commission says meta is likely breaching anti-trust laws by using its dominant position for online classified ads, and it be subject to a fine of up to 10 % of their annual revenue so that means billions of dollars in fines. you also have meta by the way, they got a big upgrade last week
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by jpmorgan to buy the stock, it's outperforming up 7% in the past month, but you're looking at $116, right? at its peak, just a few years ago it was closer to $300 and so maybe the worst is done especially if we head into the new year. david: we've got a big sale to talk about. l 3 harris technologies is going to buy aerojet for how much, susan? >> $4.7 billion that's $58 per share so you have to remember that you have aerojet on the market after lockheed tried to buy it that deal was broken up in january after regulators sued on anti-trust grounds because lockheed is the world's largest defense contractor by revenue and a lot of these defense stocks and i think you heard keith fitz-gerald just mention a few as his recommendations, they have really done very well unfortunately in this world of geopolitics and the war in ukraine. david: just think of it elon musk paid 10 times that amount for twitter. >> oh, yes. david: what is more valuable? >> the consensus is he overpaid by a lot. david: take a look at this ,
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what's going on with their contract with american airlines? >> they are breaking up with american and going to work and co-chair wu nighted instead. so american airlines said they had issues with the operations and finances and we know that me sa was losing a lot of money around $67 million in the nine months up until june. i didn't know this but did you know the big u.s. airlines usually contract out 50% of their flights to smaller regional airports? david: all right, let's get to two simple. by the way a company that i didn't know about. >> a middle seat kind of guy. david: no it is a self-driving trucking company. reports say they are planning job cuts. how many jobs could be on the line? >> so they employ 1,400 around the world 50% of the jobs will be cut in san diego, arizona, texas, china, so that's around 700 jobs or so, and so two simple i would say has had a lot of problems and that includes the firing of its ceo for steal
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ing technology to use as his own personal start-up, also self-driving we know as cash burning and even apple is dropping self-driving in that apple car coming in. uber sold off their self-driving unit, waymo needs to start making money. also it adds to the white collar jobs recession the high-paying six figure engineering jobs of silicon valley so meta, amazon, snap, twitter and tesla we know fired a lot of people and thousands and also on wall street, goldman sachs you know is laying off 4,000 and you're not going to see some of those bumper bonuses that some of those bankers have gotten used to. david: it's a tough time of year to be losing your job. that's the truth. susan thank you very much. coming up its been two weeks since the first twitter files dump. listen to what republican congressman mike turner says about it all. roll tape. >> we're definitely pursuing the department of justice and also the fbi. we will use our subpoena power to track that down and make certain this doesn't happen again. david: so will twitter be held accountable? miranda devine is here on that, and then there's this , hiring
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freezes and layoffs we're just talking about it with susan. they are on the rise but nearly 50% of workers still looking to quit next year, so what's behind that? we've got details, coming up. ♪ ♪ at prudential we think you should say it when things go right too. like, when you score your dream job. sell your business. or discover she's smart... really smart. now what? here's what: you connect with prudential's rock-solid team
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david: all right, take a look at markets, and we've got a little green on the screen with the dow, but both the s&p and the nasdaq are down. nasdaq is down about a quarter of a percentage point. if you look at the 10-year yield , it's up a little bit, usually when interest rates go up, the nasdaq is first to go down but we'll see. it's early in the trading day. meanwhile, some republican lawmakers who have taken shots at former president trump, and the rollout of his 2024 campaign so who is taking him on, lauren? lauren: retired senator pat
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toomey of the state of pennsylvania. he says trump has lost his influence. watch. >> first, i think his influence was waning, not as quickly as i had hoped it would but i think it was, but the election outcome from last month, i think, dramatically accelerates the waning and frankly, it's unbelievably terrible rollout of his re-election, well his election campaign is also not helping him. lauren: so since the mid-terms we've seen a number of republican candidates jump into the race, willing to take him on , and then sitting gop lawmakers also becoming vocally opposed to him, not just senator toomey. senator mike rounds, south dakota trump isn't attracting independents, and cynthia luumis of wyoming. she's pushing election fraud over and over again and that does not bring in your independents and moderate democrats that republicans need to win. david: got to look to the
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future can't focus on the past all the time. lauren, thank you very much. joe concha is here and i'll get you in just a second but first of all do you think senator toomey is right? >> well when you look at the trump campaign, david, his third for president and you review the past month since he announced in marlin mid-november about 30 days ago he's done no campaign rallies. i remember in june of 2015, he was in iowa just hours later at a huge campaign rally and he did interviews with abc, cbs, nbc, fox, cnn, msnbc, two with the new york times and he was everywhere, but the president in trump, the former president, isn't speaking in front of crowds this time around. he isn't speaking to anything or anybody regarding major national news outlets, and he hasn't gone back on twitter for legal reasons, so he's on truth social instead where he has a fraction of the audience that he did when he was on twitter and then there was that dinner, ill-advised dinner at natural with kanye west or ye,
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and last week when he hyped a major announcement when you thought it may pertain to a vice presidential runningmate or campaign manager, instead it was about digital trading cards, so i think many supporters of the president that i spoke to are wondering what the game plan is here because most polls show him trailing and by a relatively large margin to governor ron desantis who does bring in independents of the florida election that happened last month is any indication, in terms of the head-to-head match up for the nomination, desantis more than trump seems like the favorite and donald trump seems to be not using all of the things that helped him get elected in 2016 which is massive campaign rallies and a huge media blitz. he's avoiding that for some reason but perhaps he's playing chess that i just don't quite understand. david: let me pivot to the media and the irony is that i think a lot of the legacy media as much as they hate the man, they would love to see him run, because their ratings have been so far down, because all they're doing is supporting the biden administration rather than beating up on donald trump.
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doesn't give him a chance to get the ratings up by beating up on donald trump again. >> well, that's exactly right, david, because when you look at the coverage over the last two years of the biden administration, largely donald trump has still been at the center of that coverage, whether you're talking about the januarr whether you're talking about the mar-a-lago raid or anything that trump would say on truth social, it's as if the guy is still president in terms of the criticism in terms of how that's concerned so yeah the media very much would love to see donald trump be front and center once again, because as we're seeing across-the-board and we're talking about not just media but social media, massive layoffs going on, and you have to wonder if the trump effect, in terms of ratings and clicks going way up while he was president, now having an effect in terms of them being way down now that he's not in office, even though he's a focus not quite the intense focus when he was president, i'm sure they would love to see him win the nomination to beat up on him again but he faces an up hill
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battle quite frankly. david: i've got to switch to twitter before we go because it's a huge story and you wouldn't know it by looking at the legacy media. there was a time when the fbi or the cia or anything be front page news in the new york times, washington post, cbs, et cetera. now, you come out with news about the fbi and the cia and dh s being politicized, crickets on the part of legacy media. what's going on here? >> you're not exaggerating, david. it's crickets completely when you look at abc, cbs, nbc, all of the stations i mentioned before. none of them are covering this major major story, and again, the easy test here is to take one name out and put in another. take out hunter biden for example, and put in donald trump jr.. take out elon musk here as far as being the owner of twitter, and put in donald trump instead. however you want to paint this. this is a major major story of government colluding with a
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social media giant in terms of controlling a narrative, censoring certain accounts, the amplifying of certain accounts. you would think this be a bigger story but it seems everybody got the memo, thou shall not touch this story because obviously, it's bad for democrats, it's bad for government, and it's just not surprising anymore, but still, it's shocking on some level that this isn't getting even a hint of coverage. david: there are some media, including our own, and including the new york post, which of course was censored by twitter because they covered a real story that was censored because of advice from the fbi. i mean, eventually when the details begin to come out in more thorough fashion as we get congressional hearings in january, won't they be forced to produce some information about what's going on? >> david, i think what will happen is what happened with benghazi, for example, just to use that as a relative context here. it will be dismissed those hear ings held by the gop congress, when all these folks
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are brought up in capitol hill to testify, predicting the social media companies as the weaponization of government against annette it, a company, or certain aspects of government. that's the way this is portrayed it's the opposite of the januarh was hailed as something that was completely fair and transparent when they didn't allow the cross-examination of witnesses, for example, so yeah, i think it'll be dismissed just like the hunter biden story. we know how this game plan works david: it's unbelievable. the heart of watergate, which was a huge story for years by the media, was the political fbi that was the heart of what water gate was about and these agencies being used for political purposes as political weapons. now you just don't hear anything about it. joe concha great to see you and have a wonderful holiday week. appreciate it. good to see you, my friend. >> thank you, david, merry christmas. david: governor of arkansas asa hutchinson is set to leave office next month. is he done with politics?
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lauren: no he might run for president and he will make his decision soon. watch here. >> well the timeline be i finish january 10 after two terms as governor of arkansas. the fact that president trump has already announced accelerate s everyone's timeframe , and so the first quarter of next year, you either need to be in or out and of course, an important factor is not what president trump is doing necessarily but what's a level of support out there, but i expect a decision to be made the first part of next year. lauren: he recently hit the former president especially over those comments he made that he would suspend the constitution to overturn the 2020 results. governor hutchinson calling trump's rerun in another part of that interview that we didn't air, the worst case scenario for republicans because he has that base. david: there are other governor s who seem to have a better shot at running for president. lauren: it's going to be a big crowded field and a lot of people look promising. david: we'll see , lauren thank you very much.
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coming up many are questioning whether senator joe manchin follows senator kyrsten sinema and leaves the democrat party but he keeps dodging the questions. roll tape. >> let's see how that plays out and i'll let you know later what i decide to do but right now i have no intentions of changing anything except for working for west virginia. david: so what does the future hold for the west virginia senator we'll get into that coming up and democrats say they will not use any campaign donations from sbf, but they haven't said if they are going to give back the money. more on that, coming up. ♪ ♪
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david: could it be just six days from christmas and a new winter storm could effect people 's travel plans. fox weather's brita merwin is here so when do we expect to see the worst of the storms? >> kind of depends where you start your journey but the big travel impact days are thursday and friday and when you're looking at the whole week of holiday travel, those are probably the worst two days that you could pick. we have hanukkah going on and then of course we're heading into christmas weekend so here is the setup.
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we have a storm moving out of the rockies and by thursday, it's moving into the plains and before the storm even gets there we're talking about brutally cold air. when it comes to big snowstorms, you need cold air, and you need a lot of moisture and that's exactly the two ingredients that are in place, so there's the batch of cold air. to put it into perspective, david we're talking about wind chills negotiation 50 degrees in bismark. david: whoa 5-0? >> yes, that's what it feels like. we're talking about such cold and went it conditions that you'll have to not go outside. you're literally hunkering down so as the storm continues to progress we'll see a lot of snow for the northern plains, the midwest. ahead of it we have that surge in moisture and again it's the combination and the cold air that causes issues and by the time we get to thursday and friday we're talking about big airports here. chicago, boston, new york, now the 95 corridor i know a lot of people were hoping we could see our first snow, it's mainly a rain event but we're talking about two to three inches of rain and the winds that are moving in for friday night into
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saturday gusting 40 to maybe even 50 miles per hour from new york city to boston. so no matter what component you're looking at the snow, rain , wind this causes big travel delays so there is a look at the temperatures again negative seven degrees that's the afternoon high. add-on the wind, it feels like negative 40, negative 50. that's the air that literally hurts when you take a deep breath, and that cold air is going to make it all the way down to the gulf coast and that means that yes, we could see some snow down south so new york is not expecting too much snow but get this. atlanta, memphis, all could see a little bit of snow, so -- david: the south could get more snow than new york city? >> it is possible yes, for new york and boston, if you are looking for that dusting of snow we might see a quick shot on friday as the storm defarts but really it's a rain story for the 895 corridor i'm sorry to bust the christmas wish. david: a lot of us are wishing for good travel weather. still ahead, miranda devine, kt mcfarland, chad wolf and stephen moore, the 10 a.m. hour
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