tv Varney Company FOX Business January 5, 2023 11:00am-12:00pm EST
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>> kevin mccarthy is still likely to end up being speaker of the house but may not have the strength or ability to advance an agenda at the time when americans need to see the kind of oversight and pushback against the biden agenda. >> it's really about the rhino, nosothe principles. >> spiker's office -- the
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speaker's office c consolidated more power from the membership and washington, what you're seeing is an open process where the leadership of the house of representatives is being discussed, debated, negotiated, and i think that's a positive thing. >> this is the tip of unemployment in the united states. more and more layoffs in 2023 slowly is coming and the only question is whether it's a soft landing or a crash landing. stuart: good morning, everyone. it is 11:00 eastern time. it is thursday, january 5. we're going to go straight to the markets and check out this red ink please, we have a bunch this morning. the dow is down 370, almost 380 and the nasdaq down 125. there was some strong economic report that came out early this morning suggesting that the fed might not be able to ease off on raising interest rates and that's done it for the market today. we're down across the board. big tech, i presume is down
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across the board with sole exception of apple that happens to be up all of four-cents at 16. the rest are down. the yield on 10-year treasury moving up at 376 and now that's the markets. now this, one year ago, elon musk was times person of the year. oh, time gushed over the richest man in the world who tosses satellites into space, harnesses with the sun and with a flick of the finger the army swoons and hangs on him. that was what time said a year ago and things have changed. when musk took over twitter he's offended the left and trashed in the media ever since. what had once been a platform that effectively silenced conservatives, twitter has become a treasure-trove of information about censorship. listen to mike taibbi on tucker last night. >> i think we can say pretty
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conclusively after looking at tens of thousands of e-mails over the course of these weeks that the governor was in the censorship way and not just one agency, really every conceivable wing of the enforcement agencies of the u.s. government were in some way or another sending moderation requests to twitter, and in many cases those requests were being fulfilled. we have reports from all over, from states to police departments everywhere. stuart: in comes musk and effectively blew up what had been the left's best vehicle to influence elections. i will call that a success. but in the media, he's regarded now as a dangerous off the wall rich guy. they're happy to see him be the first person to lose $200 billion. they are thrill that had san francisco is -- thrilled that san francisco is investigating him for putting beds in twitter's headquarters. oh, that's against the rules. how about defecating in the streets as they do in san
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francisco? as what he's done with twitter, the left wants to bring musk down and they'll never forgive him but they can never take away his achievement with tesla and spacex and cannot undo what musk has done for free speech. third hour of varney starts right now. stuart: will cain joins me now on the right hand side of the screen. the left wants to bring musk down. can they do it? >> you know, it's a faceoff between the world's richest man and the biggest machine in ideological capture in the world, stuart. that's the battle. who wins? well, you wouldn't bet on the world's richest man if looking at history. what this reveals to me is, you know, when someone dares to think for themselves, when
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someone dares to be the black sheep, even if you're the world's richest man in the world, the ideological capture will paint you as the dr. evil. the villain in this story. it'll do anything to bring down someone that dares step out on their own. look at byron donalds right now dominated for house speaker. cocorrespondent -- kori bush tus and says he's not really black. if you dare think for no, sir, you must be crushed by ideological capture. they have the machine to do it and almost the entirety of the media and almost the entirety of social media, the machine has turned on elon musk in a way that reveals the existence of the machine, stuart. finally it's worth pointing out, what's the ideological capture and machine fighting for when it comes to elon musk? stuart: yeah. >> they're fighting for censorship, stuart. it's as if we're playing poker and everyone is laying their cards on the table saying this is who i am.
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who wins the battle in the revelation of honesty? if history is any judge, it won't be the independent thinker. it'll be the machine. stuart: what a shame. what a shame. let me talk to you about this speaker election going on right now in washington dc. we know that mccarthy, kevin mccarthy made concessions to the 20 holdouts. some of those concessions go a long way like for example one lone gop member could stand up on the floor of the house and demand he vacate the seat, vacate the chair. the speaker would have to step aside and hold a vote on whether he stays in or not. under those circumstances, it doesn't seem to me like mccarthy or anybody could manage to control the house of representatives. this is the blackmail of the minority versus the majority. do you see it that way? >> i don't. i don't. i'm going to latch onto a word that you used, okay, stuart.
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i don't think you meant it with what values i heard in it but i'll tell you what i heard. you said it's almost impossible to control the house of representatives. i'm not that concerned about control. what i mean is this. there's something going on in the american public right now and the house of representative, which turns over so frequently, it's supposed to reflect the passions of the people, it's supposed to reflect the shift that's happening in the american populous. that shift defies traditional concepts of partisan ideology, it really does, stuart. you know this, look at the issues we're now de-ing. we just did. we talked about censorship. that's insane we have a left/right divide on that issue or mandatory vaccines. they're not traditional tax-based issues that you talk about on this program that break down along republican and democrat lines. in a world like that, i'm okay with a bit of chaos here as we find out who stands for what. i'm less concerned with wins and losses with traditional partisan
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politics, and more concerned with our government beginning to reflect the mood, the attitude, and the passions of the people, and that will be chaotic. that will be messy. stuart: you know, will, that is original thinking and we like it on this program. that was pretty good, i got to say. i know you're a lawyer, but i don't hold that against you, but that was original thinking. >> thank you. stuart: much appreciated. l we'll see you again soon, i do hope. >> thanks, stuart. stuart: all right. back to the markets. red ink, there you go, down 370 i think it is, yeah, 37a nasdaq down -- 375 and nasdaq down 172. a lot of red ink. bring in jason katz and he's with us most weeks and with us today and give us something that's positive about 2023 and the stock market. what do you got? >> i'll give you reasons to be less negative, how's that? stuart: okay. >> let me start with how many more times can the market discount the same old news?
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the market sort of knows what it knows. secondly, we're nearing peak rates. if you look at annualized rates of inflation and take the last five months and annualize it, you're approaching 3%. i'm not expecting any pivot but the fed will be data dependent and i do expect a pause in the latter part of this year. third, corporate earnings. yes, revisions have come down. yes, there's more revisions to come. i submit to you that earnings are not going to be as bad as people feared. there's a post-covid mentality of get out and do and live life while you can. and companies are doing more with less, it's happening at my company and other companies: ai, robotics, and the last thing i would say. this is my third decade managing money on wall street, and i've rarely seen such an overwhelming negative consensus. but negative or not, any time i've seen everyone on the same side of the boat saying the same
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thing, you need to think ons other side of the boat. what are they all saying, the pendants on this -- pundits on this show and others. at the end of the year, that won't be the outcome. i don't know what it'll be but it ain't going to be that. stuart: i know you don't comment on individual companies and stocks but i ceo of microsoft is saying there's going to be two years of pain, maybe 2022 was the first year and 2023 is the second year and then he says we'll get a gigantic tech rally. what do you make of that? not microsoft but the whole technology business? >> i subscribe to that thesis. we're not seeing jobs weaken in terms of today's employment numbers and probably won't see in terms of friday big number, but you're hearing it out of tech land and out of salesforce, amazon, and i do expect that
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ceos will get ahead of this and use as an excuse to reign in costs b but we have such an insatiable demand for technology. we're not going to get the lost worker back but we'll replace with robotics, ai and has been a disproportionate amount of spend with microsoft and others of the world to make me and others in business more efficient. stuart: got it. good stuff. jason, thanks for being here. see you again soon. lauren is looking at the movers and we'll start with delta, when is moving up to the tune of 2.3%. lauren: arvest research upgrades to buy say they're going to $39 and that's up 14% from yesterday's close. you'll love the reason why. yeah, leisure travel is back but the business traveler is coming back and we'll surpass 2019 levels this year. stuart: interesting. lauren: that's big news. stuart: victoria's secret and ubs has something to do with them. jason, listening to this? >> we have a lot to do with a lot of the things.
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stuart: it was a ubs guy that ruined microsoft two days ago but we'll let that go. what's with victoria's secret. lauren: ubs ruining two other stocks, victoria secret cut to sell, down from 43 to 27. ouch. their thesis is the market is underestimating the pressures of this recession. that's likely coming, and for all the improvement that we're going to see in the supply chain, doesn't matter because the consumer will bull pack and that's why -- pull back and that's why consumer spending will be down at at victoria's secret and same thing with gap. they cut them to sell and took price target down to $7. stuart: not picking on ubs by any means. they didn't ruin stocks. >> what are they talking about? lauren: same thing that jason said, honestly most everyone is saying, tough first half of the year; right, then maybe you get the rally in the back half unless there's something we don't know or a surprise that happens. stuart: thanks, lauren and
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jason. a family member of the idaho murder suspect may have unknowingly helped police crack the case. we will explain that. the house will reconvene in less than an hour and they still need to select a new speaker but mccarthy is making concessions that could in my opinion ruin his potential speakership. we'll get into that. in a few minutes, president biden delivering remarking on border security and we'll monitor it and bring to you live. more varney after this. ♪
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stuart: the house will reconvene at 12, noon today. they've already had six failed votes to try and get mccarthy elected speaker. hillary vaughn on capitol hill. hillary, we've been talking about concessions that mccarthy is making to get voted in. what more do you have on that? reporter: good morning, stuart. well, kevin mccarthy had a late night last night trying to negotiate at the table with some of these holdouts who are refused to support him for speaker. the 21 members elect that did not vote for him yesterday successfully blocking him from obtaining the speakership. the latest pick for the anti-mccarthy crew is congressman-elect byron mcdonald and received 20 votes yesterday and he says the stalemate between the two groups is about power. >> one thing that's clear is that the speaker's office consolidated more power from the membership and so if this place is going to work appropriately to take care of all the concerns
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that your viewers talk about, then washington has to work. reporter: mccarthy is trying to give the 20 holdouts some of what they want to win them over and demands include letting any one member offer a motion to vacate the chair basically trying to force a vote to fire the speaker at any time and stacking the rules committee with four members of the house freedom caucus and guaranteeing votes on house freedom caucus-backed bills addressing border security and term limits, but some on the sidelines of all this say it's possible even with all of the concessions on the table that mccarthy may not be able to flip everyone against him. >> there are a group of people, five, six, seven people that just don't like kevin mccarthy and had issues with him and not going to vote for him. there's another group of people with policy issues or procedure issues that need to move on and find a consensus candidate that the five or six can agree to. reporter: so, stuart, the house comes back at noon, it's not clear if they're going to motion
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to adjourn to take a break basically while these negotiations are still ongoing if there is a seventh vote for speaker right after they come back for business at noon, it's looking pretty clear that that vote is going to look a lot like the previous six votes have looked because it doesn't seem like there has been a deal brokered yet. stuart. stuart: got t hillary. thank you very much indeed. now we're joined by congressman-elect pat fallon, republican from the great state of texas. congressman, you say you're ready to vote for mccarthy on one condition. what is that one condition? >> well, i've been supported kevin for the last six votes i guess, stuart. thanks for having me on. what i would like to see is us honor our conference vote. there's a reason why you get together as a caucus and you select a nominee because you want to cut the other party out from the process entirely. the democrats do it to us. if you don't do that, you end up with the state house in
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pennsylvania where the republican majority just elected a democratic speaker. i don't want to see that uncertainty and chaos and i'd like to see us get together and elect kevin. stuart: what's the condition? >> i don't have any conditions. my conditions are that we rule as conservatives. that was the only condition i had. stuart: one of the concessions we understand mccarthy has agreed to is that just one house republican can stand up and say we want you out of that seat. we want to vote of no confidence and we can get rid of you at a moment's notice. one person has to stand up to do that. i put it to you, sir, you can't run a congress, you can't run the house of representatives, you can't run the republican party if anybody could just stand up and kick you out. >> well, yeah, listen, stuart, there was a major concession to go from a majority of the ruling party down to five, which is where we're at right now. then there's been a rumor -- i read the reports as well that five goes down to one. that is really semantics at this point, we're splitting hairs whether it's five or one,
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there's 20 people that made it very clear that they don't have the confidence and trust in kevin mccarthy to lead. so they have a -- they've got what they wanted. we all have a rule in place ---stuart: it's blackmail and the tierney of the majority dictating to the minority. >> i don't like it and that's why there's a caucus vote. ? texas there was a speaker-elect in 2009 with 65 democrat members and he ruled for ten years and i served for six years and it was awful to be a conservative republican and serve in a house like that. i don't want to see that happen in dc. what this is doing, this chaos is setting a horrible precedent to say -- what if, stuart, next time that tierney of the minority are the left leaning members of the -- tyranny of the minority are the left leaning members of the house. stuart: what do you want to hear
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from the president and expect to hear? >> i would love to hear we'll reinstitute the wait in mexico policy because 99% of the folks coming across the border el legally are not political iowa hawkeyes sigh lum seekers and i want -- asylum seekers and say we'll enforce the laws on the books and i'll hold china accountable for the 80,000 fentanyl deaths we had in 2021 and next time i see xi jinping i'll talk to him about it and press him and use trade as a weapon to ensure that he will do something about it and crack down on the criminals in his own country. what he will say is blah blah blah. that's what he'll say. stuart: wall street journal saying biden will expand the use of title 42 to begin rapidly expelling migrants. would that satisfy you? >> it's not going to satisfy me but it's a good first step because we have legislation filing in the next congress whether it begins to do just that. you know, when you're -- stuart, when you're from venezuela and you leave venezuela to go to
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columbia, you've reached political asylum. according to the un's own definition. don't need to go through seven more countries. those are economic migrants and left is playing the game calling them asylum seekers but they're not, they're illegal immigrants. stuart: congressman-elect fallon, thank you for joining us on a busy day. >> thank you, stuart. god bless. stuart: back to the markets, please. on the downside and even a bit lower than a few minutes ago. we're down 432 on the dow, that's 1.3%. nasdaq's down 1.3%. down day. next case, bryan kohberger is the man accused of murdering four college students in idaho and police say genetic genealogy helped lead them to this man. lauren, help me understand gee genetic genealogy. lauren: yeah, authorities matched dna from the crime scene to a sample in a genealogy testing website that one of his family members had used. so someone in his family took a dna test and that data because
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they did not opt out was put into this big dna data base and law enforcement is in some instances able to tap into that and link up the dna at the crime scene to the suspect. he will be in court likely today, he's been in police custody since the end of december. stuart: do we know if your dna is in this data base? lauren: you have to opt in. it's different with like 23 and me and ancestry.com but you're alerted and you can say, i opt out. but we don't know who the family member was or when their dna was taken. this might have predated all of these choices that consumers now have. stuart: that's how they got to him? thanks, lauren. novak djokovic could miss more tennis tournaments because he won't get the jab. we're on it. florida now requiring all state colleges and universities to report funds spent on crt. governor desantis is waging war
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stuart: open my mind, that looks cold. that's bellaire, michigan, a mere 35 degrees. that's not so bad, michigan, in early january and it's 35 degrees. lauren: i'm trying to read that sign. i can't see what kind of slopes those are. stuart: lasik surgery works, let me tell you. susan li is back. alert the media. susan: yeah, i'm searching for ski goggles because i'm heading to the swiss alps to do skiing myself. stuart: what's wrong with up state new york or canada? susan: it's switzerland. they have great chocolate. iowa hawkeyes need the right -- i need the right goggles so let's head to price predictions
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and pipe burst coming at 170 stock and jeffries and downgrading the stock to hold with 120 and stieffle calling it a 110 stock and in the past hour bed bath and beyond where jimmy shops as well hitting on 30-year low and warning of potential bankruptcy and it doesn't get jimmy or lauren or stu in the stores enough. stuart: continue, please. the swiss consulate is on the line and reject to me saying the swiss like cash registers. that's your line, jimmy. >> i haven't even been introduced yet. i'm a innocent bystander. susan: i think switzerland will be cheaper this year and i'm happy about it. conagra one of the better performers and better than expected and consolation brands making liqueur brands and more sales and less profit and walgreens raised four year forecast and book add loss of over $3 billion because of
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$6 billion opioid settlement it paid. who said stu varney isn't funny. stuart: several of my relatives by the way and most of the producers in the control room. susan: they don't have taste, do they? stuart: what have you got on airlines they're on the screen. susan: outperformance. looking for up arrows here and outperformance on the airlines and on hopes of a surge, revenge travel that's it being call from chai frank siller -- china and covid restrictions being lifted and delta with a hold on $39. stuart: go to davos for the swiss alps? susan: there's a meeting there and a few other conferences i'm attending but i'll get in a lot of skiing in the meantime. maybe some night skiing too. stuart: why not. okay. thanks very much, susan. there's been now six unsuccessful votes to elect a speaker of the house and kevin mccarthy says he's not quitting. look who's here. the aforementioned, he makes his presence felt, jimmy failer
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joining me. you're the humor guy. >> i am but i can't stay long because i received three -- i received three votes for house speaker. one of the things i've found funny is the republicans keep pressuring themselves to wrap this up saying the democrats are going to say we're disorganized. i'm like, dude, that's the nicest thing they've ever said about you. if you get a week of disorganized out of this instead of a week of semi-fascist natzi supremacist dirt bag, this is a win for the republican party if we're being clear. i find that part of this to be somewhat humorous, is that fair? i'm not as concerned that the republicans can't find a house speaker as i am that the president thinks the house speaker is sony. you know what i'm saying? that's a problem. stuart: that's funny. >> there you go, stuart varney. stuart: you wrote that out beforehand? >> i did not. i have to lot to say about the grown up topics if you want to get into it, we'll get into it. when it comes to like humor stuff, i live in a flesh prison
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and i spent most of my adult life driving in a taxi brain that wants to write jokes all day and people get into your cab and captive audience now and it's the tonight show and they're in a nonconsensual audience position and you're hitting them with jokes and traffic and in between. lauren: they like it? >> my default is calibrate and come back with a joke and a great way to get through life but not hr meetings and stuff like that. stuart: do tips go up when you're humorous? >> they do, they love you. when you're driving a cab, you engage with them and bond through laughter because you don't want them to turn on you. if you make a wrong turn and now there's like a ninja fight on 39th and they're going to miss they're meeting. in the beginning you're funny with passengers because you want to survive. six months into the gig it's the opposite because you're hoping to die. 12 hour as day in a cab, i don't need these people. i dare you to take me out. stuart: how long since you drove a cab? >> full-time for real like seven years. it's been a minute but i was a full-time driver, 84 hours a week for from 2007 to 2014
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about. stuart: fair. i want to leave time for you to get into this, governor desantis from florida. he's demanding state colleges disclose their data on programs that include critical race theory, diversity, equity, inclusion. i'm sure you're in favor of this. is this the adult humor? >> stop it. i love desantis for doing this and every governor should be following suit and have the right to audit state-funded curriculum and the bigger battle a z a parent is critical race theory is inherently racist and telling people to make value judgments becaused on skill -- based on skin color at ages when they're impressoable and fluent -- impressionable and fluent. my teacher was a drinker and it was duck duck gray goose and teaching them to seek out grieve advance in a time gush grievance in a time of our lives with no more upward mobility in the year we're living in right now and
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instead of el ising people on the victor hood of 2023, they keep pushing them on the victim hood of 1823 and wrong way to go through life. desantis is picking this fight because he knows he has the numbers. i mean all this woke crt stuff and stuff he got into with disney was a tyranny of the minority and desantis knows disney's bread and butter is not woke people in the faculty scream it's parents is the bread and butter and no parent was paying $130 to get into the park to ride snow white and the seven genders. they weren't waiting two hours to go on peter pan sexual and desantis knew that as he knows here he has the numbers, he picks good fights. stuart: you made me laugh. if you're not careful, you're coming back. >> oh no. stuart: oh, yes. >> i got to get my agent on the phone. this is an outrage. stuart: next is rick singer sentenced to prison for varsity blues college admission scandal. how much time?
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lauren: three and a half years. nod bat. prosecutors wanted six but he cooperated with investigators and wore a wire and all is that helped to build a case against some parents including celebrities like lori la loughln and he'll pay $20 million to irs in restitution. stuart: thee years in prison and $10 million to irs. that hurts. got ya. some schools looking at alternatives so they can avoid suspending students. instead of punishing kids for acting out, they want to suspend them and got alternatives and they're simply asking them to reflect on their behavior. we've got a report on that. southwest airlines plans to have all misplaced suitcases shipping feesed to customers -- shipped to customers by the end of this week. some people haven't seen their bag since before christmas. grady trimble has the report from southwest chicago hub, that's midway airport. grady is next.
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stuart: well, i'm afraid to say the holiday flight-mare is not over and southwest working on returning lost luggage to its rightful owners and grady trimble is at midway airport in chicago. how will southwest get thousands of bags back to their rightful owners by the end of the week? reporter: stu, if passengers haven't arranged to pick up their bags themselves at the airport, southwest is actually shipping them. they're using fedex, ups, even volunteers to get those suitcases to passengers. southwest wouldn't tell me the exact number of lost or missing bags they dealt with during the operational meltdown over the holidays, but they do expect to have all bags shipped before the
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end of the week. after that customers should get them in a matter of days. in addition to dolling out refunds and reimbursements, reuniting passengers with their lost bags is just one more huge expense for the airline. >> when nobody in the baggage sort area knows what flights are operating and what flights are not operating or where the customer is, we have a real cocktail for total confusion here, and we're talking tens of millions of dollars to try and sort it out. we're probably looking at $3 to $400 a bag trying to get it back to the customer and then the issue of lost bags. some bags will never be seen on this planet again. reporter: because nobody wants their checked bag to be lost forever, a lot of frequent fliers are taking matters into their own hands to make sure they contract their bags themselves. they're buying apple air tags. google searching for air tags for luggage have drastically increased over the last few
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weeks and if you look on amazon right now, the number one selling item in electronics is apple air tags, $29 in case you wanted one, stu. by the way, the travel booking app hopper just put out their worst airlines in terms of delays and cancellations or rather worse airports for deleaves and cancellations during the -- delays and cancellations during the winter months, boston, logan, denver, and three cleveland. avoid those over the next three months. stuart: that's great and i'll continue with that thought because we've just had the new rankings just released showing the most on-time airlines and airports in the world. lawn's got the story -- lauren's got the story. any u.s. airlines make the cut? lauren: yes, and these numbers are high if you think of everything that happened last year. delta is no. 1, 83% of flights on time last year and threw more than a million flights and unit second-degree second 80% on time -- united is second at 80%
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on time and five u.s. airports ranked in the top ten worldwide are right here so salt lake city, 84% puppet wallty, de--- punctuality, detroit, minneapolis, seattle and charlotte. stuart: those are the american airports out of the world's list. lauren: those were in the top ten. stuart: novak djokovic risk of missing more u.s. tennis tournaments this year and he doesn't want to get the jab and health officials extended travel restrictions for unvaccinated noncitizens. what is djokovic saying about that? lauren: he can't play in march at indian wells at miami open. he seems kind of indifferent about it. watch. >> i mean, look, if it'll official then it is. i mean what can i do? nothing. that's it. you know my position so it is what it is. i'm hoping but, you know, if i can't go, i can't go. that's it. lauren: he's fought it in the past and everything that happened last year in australia.
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it's just haven't we learned anything? stuart: these travel restrictions are supposed to end in april. lauren: mid april. stuart: that would open him up to come for the u.s. open which is normally in september, october time. september. lauren: yeah, potentially he could be here for that but he's missing these two tournamentments. by a matter of weeks. stuart: back to the market. i like when we put all 30 of the dow stocks up there so you can see where this whole market is going. well, most of its going down. we've only got six winners out of the 30. the rest are losers and the dow is up 380 points. well below 33,000 this time a year ago it was 36,000 and big change. it has been a year since karol markowicz packed up her life in new york and moved her family down to florida. think she has any regrets? karol is next. ♪
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okay, you're looking at -- stuart: you're looking at nashville, tennessee, and we're playing taylor swift, message in a bottle for a good reason. the reason is her cat is now the third richest pet in the world. all right, lauren, this pet is reportedly worth $97 million. wait, how on earth do you arrive at a valuation like that for a cat? lauren: well, the cat olivia benson, has been in many commercials and videos, even has her own clothing line so it's valued at $97 million. i'd be annoyed because the world's most valued pet is worth $500 million and it's a dog. if i were taylor swift right now, i would find a way to get olivia benson to be worth more by doing more stuff, maybe after all the concerts. stuart: the most valuable pet is this german shepard valued at $500 million. this german shepard owns a trust and the trust was left to the
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dog by a former ow owner and trt includes a mo madonna mansion in miami. the world is upside down, folks. lauren: i've been trying to find out if olivia benson was part of taylor swift's will or has one or the estate planning and i don't have the answer to that. taylor is very young. we have time to figure this out. stuart: i'm going to move on from this. lauren: real quick, taylor has three cats but olivia gets all the attention. that's not fair to the other two. stuart: can we move on? lauren: please. stuart: oh, please. serious stuff next. a year ago my next guest moved from new york to florida, the main reason for the move was the political reaction to the pandemic. karol markowicz made the move and frequent guest on this program and back today. do you have any regrets about leaving the big apple? >> not a single one, stu. we needed to get our children to sanity and we did it. look, the piece that i wrote for fox news, the main thing that i
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want people to take away from it is it was not an easy decision. we spent a long time thinking about it and spent a long time considering it and made the decision then we kind of couldn't make the decision and it's really tough to leave somewhere that you love and saw your life going. we did it and we haven't had a moment of regret since. stuart: did you have a hard time at first getting used to different things and the kids settling in? >> the kids had up and downs and doing great a year in but absolutely it hasn't been completely smooth sating for them. my older two had a whole life in brooklyn and had friends and things that they did. our youngest has been florida man since day one. i don't think he's seen his shirt in about a year and plays all the sports here and is doing great. stuart: would you ever come back and consider living in new york again, not visiting but living here? >> right. i get this question a lot. i would -- never, it's a long time. not while my kids are growing,
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absolutely not. maybe we'll retire to man hat m. that was the plan and we lived in brooklyn and planning to retire in manhattan and who knows what happens in 30, 40 years. stuart: right, look at me. this is getting serious here, i have "the wall street journal" reporting that some schools are looking for alternative punishment to suspending students and want kids to reflect on their behavior with counselors. you're a mom and have the kids in school, what do you think to this approach? >> i don't know. i'm mixed on this because i think the counseling should be part of the suspension anyway, but it seemed to me the kids that didn't want to be in school getting suspended was almost like a reward. i think you need disruptive kid get suspended and i think that you need to use suspension to remove disruption from the classroom. if that's what's happening here, then they should continue with the suspensions but, yeah, maybe for other kind of behavioral issues, counseling might be the way to go.
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i actually, i don't hate this. stuart: the problem comes with if there's a racial element in this. if more minority kids are being shunted off into suspension, that becomes a political problem, doesn't it? >> well, it depends where you are; right. if you're in an area with a lot of minority students, you'll have more minority suspensions. we need to look at demographics of where this is happening but, you know, it's a really bad way to look at it to look at it through the lens of race anyway. we do that for so many things but a disruptive kid in my kid's classroom, i don't care if they're white, black or purple, i want them out. stuart: sorry, karol, i have to segway to the white house -- segue to the white house where president biden is speaking. >> the illegal immigration and legal immigration and protecting dreamers and those with temporary protective status and farmers are all the fabric of the nation and congressional republicans have refused my
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comprehensive plan and rejected my re-acceptability request for additional $-- recent request for $3.5 billion to secure the boarder and 2,000 asylum personnel -- asylum officers and personnel, and 100 new immigration judges so people don't have to wait years to get their claims adjudicated, which they have a right to make a claim legally. and the failure to pass and fund this comprehensive plan has increased the challenges that we're seeing at our south border. no one knows this better than the vice president. and to truly understand what's happening there, it's important to step back and see the bigger picture here. you know, i know it's hard to see, but because our politics has been so divisive and it's getting much better you've all observed but it's been so divisive, it clouds the picture. it clouds the picture. let me explain what i'm going to do and as clearly and plainly as i can, i know it's a complicated
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issue. i don't want to pretend there's anything easy about it. people come to america for a whole lot of different reasons. to seek new opportunity and what is the strongest economy in the world. can't blame them wanting to do it. they flee oppression. you know, to the freest nation in the world. they chase their own american dream in the greatest nation in the world, and the story of america is the story of so many of your families, including mine going back to the mid 1800s from ireland. now there are a number of ways to immigrate to america legally under our existing laws. for example, an american citizen, american citizen can sponsor an immediate family member from another country. an american country can sponsor another employee from another country. there's visas for students to study in our colleges and other special categories. regardless of the legal pathway they process, they process them to require everyone be involved in following the law, that's the
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notion. there are laws to get here legally. that includes another legal way for someone to come to america by seeking asylum because they're fleeing persecution like a lot of ancestors did as well. for many people, that's what's happening on the southwest border now. over the past several years, thousands of people have been fleeing from central and south america in the yin-yang country -- caribbean countries ruled by oppressive dictatorship like be currently these four countries account for most of the people traveling into mexico to start a new life by getting to the american border and trying to cross. instead after safe and orderly process at border we have a patchwork system doesn't work as it should. we don't have enough asylum officers or personnel to whether
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people qualify for asylum there is standard you have to meet. we don't have enough judges, immigrant judges to adjudicate the claims of immigrants. the previous administration used a rule called title 42, to deal, to deal with the pandemic. rapidly expel people across the border designed to deal with the pandemic. it is used as a means to expel people at border. people were turned away under title 42. and they are not, not barred from trying to come back. they have been turned away, they go back, try again, try again. you know they can and they do try to reenter the united states again which makes the problem at the border even worse. under the united states supreme court decision a case on title 42 later this year my administration, they will make a decision finally two to do about title 42. meantime my administration will
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continue to use that authority as the supreme court has required. until congress passes the funds, comprehensive immigration plan to fix the system completely my administration is going to work to make things better at the border using the tools that we have available to us now. today my administration is taking several steps to stiffen enforcement for those who try to come without a legal right to stay. to put in place a faster process, faster process to decide claim of asylum. someone says i'm coming escaping oppression. there has to be a way to determine that much quicker. for people creditly seeking protection from persecution. secretary of homeland security mayorkas will detail these actions very shortly after i finish at homeland security but here is one. neil: we are monitoring the president now doing an about-face. he ask visiting the border. he announced a plan to express great concern what is happening at the border. i doan
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