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tv   Varney Company  FOX Business  January 9, 2023 11:00am-12:00pm EST

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4.3 million illegal aliens coming to the southern border since he became president. the cartels have turned human trafficking into a $13 billion a
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year business. the cartels are getting rich off this. they are in charge of that southern border. >> this election 2024 is going to be about fiscal responsibility in washington. people can't afford groceries. >> the consumer has gotten annihilated and i feel like i've gotten water boarded and every time cpi has reversed, it's because we've gone into a recession and that's on the horizon. >> i think the fed will be forced to pivot about mid june and technology will get a nice boost and time to buy is when everybody else is looking the other direction. stuart: good morning, everybody. it is 11:00 on the east cost on this monday, january 9 and i'll take you straight to the markets and you'll like what you see. the dow industrial up 700 points on friday, up another 240 right now. the nasdaq composite is also up
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close to 200 points and close to a 2% gain. i presume big tech is doing very well. amazon, alphabet, apple, microsoft all on the upside. yield on 10-year treasury around 3.5%, 3.55% to be precise. now we just got breaking news coming at us coming to us from the new york stead. you got the story, what do you have? lauren: their survey of consumer expectations for december. for inflation, we expect it to come down to 5%. that's the lowest reading since the summer -- two summers ago, july of 2021. stuart: is that what they're expected cpi thursday? lauren: not cpi but asking consumers what do you think about things? compare inflation expectation with household income and income rose to 4.6%, series high and this is the issue, part of the
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fed story, spending expectations fell sharply. they fell to a whole percentage point between november and december. stuart: i don't see much of a market response to that at all. lauren: no, but the translation is you're making more, inflation is getting better but spending less because you've been hit by high prices the whole time. stuart: i got that. lauren, thank you very much. now this. we're used to elon musk driving investors crazy, not to mention twitter employees, leftists, and just about anyone that has to work closely with him. he's also driving the russians crazy. musk's star link satellite is reimagining modern warfare and transforming the battlefield and ukrainian soldiers equipped with small portable dishes linked to thousands of satellites and can up load impanelings of potential targets in realtime and commanders can order up strikes
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quickly and with america's precision weapons and the effect on russian's forces is devastating. swarms of drones connected to thousands of satellites and soldiers on the front lines. according to the well informed economist magazine, no army has ever enjoyed this kind of connectivity before. that makes star link a revolution in warfare and makes elon musk very important and very powerful in russia's war on ukraine. he's driving putin crazy. there's been times when musk exasperated about everyone and not done his reputation not much good by becoming the first person to lose $200 billion, but he has emerged as a revolutionary in electric vehicles with tesla and free speech add croix indicate in break -- advocate in break the hold of the left on twitter and spacex pioneer and transforming ware fare now and like him or not he's the outstanding personality in american business today. that's my opinion. third hour of varney starts
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right now. stuart: steve forbes joins me this morning. elon musk is the most outstanding personality in person business or what? >> he certainly is. you're right about that. he's the genius of edisonen proportions and what he's done with star link you've laid out and in terms of electronic vehicles and beat the u.s. and germans and koreans and chinese at terms of be the if the forefront and spacex is better than what we have and chinese and russians and a huge national asset and on twitter, he's not just going to be doing tweets in the future but he'll transform that company and be a real challenger to google and meta. stuart: he get as challenger to google and meta? >> yes, not just doing tweets but will transform that company in ways we can't even imagine today. stuart: he's a kind of off the
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wall genius, you never know what he's going to do next. >> what's ma being a gene -- what being a genius is about and doing things that people don't see and doing what's science fiction today into ho hum tomorrow and take evs for granted and spacex spending people in space, big deal. three years ago, it was astonishing that a private company could do something like that. stuart: that's true. are we heading for a rich session this year, and by that i mean that's where the rich, wealthier people, end up losing the most if there's a recession, that's the title of the forbes article right there. rich session coming? >> yes, you've started to see it happen already with what's happened to the stock market last year and the huge write down in certain funds on nonmarketable securities and many on june fiscal years and took a bit of hit in 2022, but the big hit will come in 2023. so in terms of asset recession, i think you're going to see it and you're going to see it even more as the year wears on.
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that doesn't mean you should shed te tears, but they're takia proportionate hit as they haven't done in prior sessions. this is different from anything before. stuart: forecasting further declines in the market? >> it's going to happen. the market now thinks, oh, things are starting to get a little be ther and fed will start easing off, but crisis will be coming up and consumers in debt and their savings rate down to a little more than 2% and you have companies that were accustomed to getting free money for year after year after year. suddenly they're paying real money for that once free money and a lot of companies -- and countries will be in crisis. so i think a lot of turbulence will be lying ahead and not good for asset values. stuart: we're of similar vintage. >> we both remember dinosaurs, yes. stuart: thank you very much, indeed. he's a brave new world, isn't it? it's very different, isn't it? >> i don't know about brave.
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stuart: we need company tear on what's going on -- ken polcari tear on what's going on and -- commentary and nasdaq 221 points better than 2% and fortunately we have a market watcher here that's qualified to watch the market and comment on it. his name is jason katz. i got my first question to you, why do you think we should want to invest in food and agriculture right now? why? >> as investors, we get caught up in the here and now and the most success i've had over my career is looking out and trying to find thematic investing opportunities. so companies and governments are much more focused now on
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security than they are necessarily on price and efficiency. so if there's anything we've learned with respect to the invasion of ukraine by russia is it's not just about securing our energy, it's about securing our food source; right, so companies that get clean water to polluted areas or create vertical farms or take unfertile land and make that farmable, that's the disproportionate amount of spend on government level and company level has been going and will continue to go. so buying the agricultural space. if there's a horizon north of a day and look out over the next market cycle of five to even years, you're -- seven years, you're handsomely rewarded. stuart: you can't forecast individual stocks? >> correct, not on tv. stuart: i want to ask you about the cpi on thursday, will it moderate inflation? >> i think so. it's going to provide additional
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flatter for the fed in terms of whether they go 25 or 50. the futures suggest at this point it's 25. stuart: that's helping the market today. >> indeed. and, look, we've had this goldy locks scenario in the last three days with respect to job participation, increasing, wage coming down but jobs growing albeit at a slower pace. so now there's this feeling that the fed could actually pull the rabbit out of the hat. i think that's a little bit optimisting but i think a softish landing might be back on the table. stuart: wouldn't it be something if the fed got it right? >> oh my gosh. stuart: here comes that. >> after blowing transitory, that would be something else. stuart: it would indeed. jason, thanks for being here and see you soon. lauren is bark and looking at movers and i want to know about lululemon. what a drop. 8% down more like 10 or 11% earlier but a big drop. lauren: they've warned their
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profit margins will decline in the fourth quarter including the holidays. sales are still strong and outlook and raising outlook but this is the margin squeeze. there's all the inventory and reluctant to discount and consumers are spending less so, yes, wall street is concerned they may start discounting. stuart: abercrombie and fitch in contrast to lululemon. lauren: they're lifting their forecast because their margins are strong and i charted the stock since the summer it's up 60%. stuart: you know, the ride sharers whether it's uber or lyft have had a tough time recently but i believe lyft, something's happened because that thing is up 9%, it's a big gain. lauren: has to do with the piper sandler upgrade of uber saying cars are getting so expensive they expect people to forgo buying a new car if they don't need and use ride sharing more. they didn't up grate lyft but
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made positives comments on lyft saying things with uber will benefit lyft. that could be why. stuart: we see quite a few companies bouncing higher on the expectation that a bottom is coming and up for the second half of the year. lauren: like everybody sees the same bottom at the end of the second quarter. stuart: all together on that one. thanks, now this, the buffalo bills win emotional first game since demar hamlin collapsed on the field. hamlin was cheering on his teammates from his hospital bed. it's inspiring story and we've got it for you. denver, colorado, will stop busing migrants to new york or chicago. what's behind a really sudden change of plans. ranchers and landowners furious over biden's three hour trip to the border. roll it. >> everything's picked up, everything is clean. everybody is kind of like on their best behavior. stuart: no, the president did not speak to any migrants or residents during his trip. griff jenkins has the border
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report after this. ♪
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stuart: more than 100 migrants were processed earlier this morning in eagle pass, texas. griff jenkins joins me now. you spoke to some of them as they climbed over barbed wire. what do they tell you, griff? reporter: you won't believe it, stu. good morning. first let me take us to our fox flight drone team because you can see behind me, there are over a group of about 20
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migrants that include several small children that also same through the containers over barbed wire and they're all appearing to be from ecuador when i spoke to them about 15 minutes ago. they're waiting to be processed and put into vans. many of them since they're from ecuador will be processed and released into the u.s.. now, let's go to the video we have been seeing all day long groups coming starting with this one. this is a group of about 164 early this morning, well before the sun came up about 10 miles west of where we are. you can see these migrants just coming in, streaming and being processed and then let me show you another piece of video i shot on my phone and standing here by the containers, stu, a group of eight adults came across, one small child and i was speaking with this man that appeared to be possibly the father of the child. do you have a message for
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president biden? yes, i want to say thank you, we come from a poor country and i'm looking for work. it's a testament to the situation going on there. i'm not sure if that's going to work out. i meanwhile president biden in el paso yesterday according to reports, stu, he did not encounter any migrants or see any on the three stops he made in the three hours he spent on the ground there but we found out from cvp sources there were 318 migrant encounters in el paso, yesterday, so i don't know how he missed them. we spoke to ranchers and landowners about the president's visit and here's some of what they had to say. >> everything's picked up and clean. everybody is kind of like on their best behavior. if he really wanted to see what was happening on the border, maybe he should have come to some place more active. reporter: and we also have learned from the cvp sources as we're keeping track in the first 100 days of the fiscal year that began on october 12, stu, there's been more than 718,000
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migrant encounters across the entire southwest border of which about 198,000 were expelled under title 42. that means more than half a million were released in the u.s.. the trend shows compared to fiscal year 2022 that fewer a decrease in expulsions is occurring right now. stuart. stuart: a half million in and we don't know where they are. amazing. griff, good stuff. thank you very much, sir. take a look at this, one one side of your screen, el paso on christmas eve, sidewalks taken over by homeless people and the other side of your screen is el paso cleaned up one day before the president's visit. what's your response to the president's visit to the border -- your take on the president's border visit? reporter: i'm extremely upset. he got a sanitized version of what we're seeing and it's not just he got a sanitized version because other people cleaned it up. this was the administration that
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forced el paso to clean up everything so all of the cameras that came in, all the mainstream media that came in, they would see a very, very nice looking picture. not only did they do that, but they also deployed double the number of border patrol agents down on the border so again, the mainstream media would go down and see something that's not the reality. if he's going to come up with actual solutions, he has to see what the reality is on the border. he also didn't go -- he didn't spend very much time on the border. he went to a port of entry. stu, we've got three different organizations, three different components that are charged with the border security, that's ofo, port of entries, border patrol between ports of entry, air and marine, he did not visit with air and marine and spent very little time with the border patrol and that's where all the problem is. it's not at ports of entry. it's between the ports of entry yet he spent very little time with the agents. it was very frustrating and upsetting to see what he did. stuart: dhs secretary alejandro
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mayorkas said he's not going to resign despite likely investigations by house republicans. watch this, brandon. roll tape, please. >> i've got a lot of work to do, i'm proud to do it alongside 250,000 incredibly dedicated and talented individuals in the department of homeland security. i'm going to continue to do my work. >> you have no intention of resigning? >> i do not. i've got a lot of work to do and we're going to do it. stuart: okay, brandon, he says he's not going to resign but he's going to be investigated by republicans in the house. how do you see this playing out? >> well, one thing that he said is absolutely true, he's got a lot of work to do. whether he's going to do that work, that remains to be seen. i don't believe it. he's had two years to do an awful lot of work and has done absolutely nothing. regardless of whether the house investigates him, he knows they're going to be able to spend that and -- spin that and spin it and say it's politically driven and knows that the democrats control the senate and it really doesn't matter to him that the house is going to
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investigate him, especially with what we just saw with the house being considered in shambles. he does not care about house investigations. now i care about it because you're going to get the absolute truth. when the investigations come out, you're going to see the evidence, you're going to see the facts of an absolute open border. when he says the border is closed, that investigation is going to show he was lying and it's completely open. stuart: brandon judicial crisisa thing or two about the border. thank you very much. we told you about colorado's plan to send migrants to new york and chicago. that's colorado to new york and chicago. ashley, come on in, please, because they're not going to do this anymore, are they? why not? >> well, it turns out surprisingly other democrat-led cities are not happy to be receiving more migrants. following outrage, colorado's democrat governor jared polis announced he'll stop sending migrants to cities like new york city and chicago. colorado is not a border state,
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it has seen a major influx of migrants looking for passage to elsewhere in the country, but both new york mayor eric adams and chicago mayor lori lightfoot cried foul saying the migrants were arriving with no ties, family members, or community networks to welcome them. the mayors say it's become a tremendous drain on resources and it's time for the federal government to step in and help. federal government that hasn't even recognized there's a crisis at the border. stu. stuart: all right, ash, moving on. a college soccer player who was benched after refusing to kneel for blm protests got a huge settlement in court. we'll tell you about it. let's check big tech as we head into the break. yes, it is a rally. look at it. isn't that nice? we'll be back. ♪
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stuart: the rally holds. look at that. dow up close to 300 points and almost close to 1% and the
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nasdaq, believe that, 231 points higher, better than 2%. 2% a lot of green. more than a third of job cuts for goldman sachs coming from banking units. stocks republican. u.s. hedge funds seasoned and they're being ordered to hand over information about dealings with the crypto exchange by-nans, susan, what's this about? susan: federal authorities probing in by-nans and whether they've met money laundering operations or dealt w we luisa t catch and this may or may not lead to charges against the
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largest by-nans offering more crypto trading and binance u.s. here offers vanilla bye and sell services and no trading with the rules and binance head of strategy admitted there were shortcomings in the first years of rapid instruction and binance heavily invested in compliance programs and worked closely with law enforcement and developed new technology for catching criminals on the flat form and forbes reporting in the past hour that binance lost over $12 billion in less than 60 days. that's a combo of a drop in the value of binance's own token and traders withdrawing their crypto, but they have the cash, they say, to back thaw because cz himself is worth more than $12 billion so we -- it's concerning for the crypto markets because when you have people rushing to take their money out and a drop in the value of the crypto exchanges
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own token, that's a very similar play book. stuart: exactly. susan: exceeded ftx's collapse and speaking of ftxi i want to brink up sam bankman-fried and his half a billion stake in robinhood is being seized by the doj but he's arguing he needs to stake in order to pay for his legal fees. stuart: i guarantee the winners in all this is the lawyers. guarantee, no way around it. susan: absolutely. stuart: that's the way it works around here. thank you, susan. consumer price inflation report comes out thursday morning. connell is here. what will this inflation report tell us about future fed rate hikes? >> how far they'll go at the next meeting and talking to economists in the last few days and even though the jobs report friday was better than expected, it's not necessarily sealed the deal on what the fed will do and there was good news on inflation and wage growth slowed and little evidence to suggest all the rate hikes at this point have done anything to slow hiring and the opposite, look at most secretaries adding jobs and
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that's a sign to many that the fed still has some work to do. >> the move down from inflation that we've seen is the easy part. the heavy lifting and the reason the fed needs to raise and hold rates at a higher rate is getting inflation from that sort of 4% range on the core rate of inflation down to 26789 >> diane was telling us the risk for the fed is not that inflation cools but not cooling enough. the jobs report was close to goldy locks as you'll get but not bringing back 2% inflation and rates have to keep rising and probably stay elevated for some time and she says you get new worries popping up all the time and china ending zero covid or russia threating nato councountries and keeping an eyn the countries there and the point swank and other -- skonk and others are making is it's trending in the right direction
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and saying the fed will cut rates by the end of the year and as for the decision, we started talking about cpi and last couple reports showed inflation cooling a bit and third in a row might cement a quarter point hike february 1. that's fully priced in but the market is giving a shot at a 50-basis point or half a point increase. about one in four chance for that right now. stuart: sounds like a fairly bullish stock market right now. >> it might be. a lot of this depends on the data and cpi is big and bigger than the jobs report. stuart: where the fed goes, got it. connell, thank you very much, sir. steven moore joining me now. what are you expecting in thursday's inflation report, steven? >> stuart, good to be with you. i think the inflation rate is coming down. if you look at for example what i like to examine is the commodities index and what's happening with the price of everything from wheat to rice and sugar and lumbar and cereal
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and gas and coil. those numbers have been study for the last three months or so. that's a good lead indicator of overall inflation and my forecast is we'll see inflation at about 5%, which is down from 9% this summer so that's a good advance, but as shane was just saying, there's a long way to go from the 5% to 2% and gets tougher and tougher to bring inflation rate down to where it should be. so i think the fed has to be ever vigilant to keep an eye on that 2% target and not deviate from it, and let's just rip the band-aid off and get down to 2% as quickly as possible. the other issue is wages. we got a good jobs report, stuart, but wages grew for the year of 2022 and i believe the number was 4.6%, inflation was 7.1% so do the math there, stuart, that's a 2.5% gap and
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reduction in living standards for average americans. stuart: all right, stephen, i got this fascinating report, or article in axios suggesting that president biden is pivoting to the political middle ahead of 2024. he visited the border this weekend and met publicly with mitch mcconnell on infrastructure. do you really think this president is moving to the political middle, stephen? >> i think he's incapable of that. he has governed from the far, far left and the only movement that i've seen is when you have people like mitch mcconnell meeting with -- in a celebration with the president, you know, trumpeting these big spending bills, what that says to me, stuart, is that the republicans are moving more to the left rather than that biden is moving to the middle. job number one has to be republicans have got to get this budget under control. that'll be a stare down, show
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down this summer and that's coming by the way. there's going to be a come to jesus moment where republicans are sitting across the table from biden saying we're not yielding on this, we need spending reforms, we can't go -- you know the latest forecast for 2023, it's 1.5 trillion, $1.5 trillion. stuart: my extraordinary. that's when we're not even in a full blown recession at all. that's extraordinary. >> and to put this running around saying what a champion of fiscal conservatism and running one of the largest deficits in the history of the country. stuart: the economy is slowing down and we're going to raise taxes on business. it makes no sense at all. stephen, all good stuff. see you later. >> take care, stuart. stuart: teachers' union president randi wiengarten admits that remote learning does not work. we've been sounding that alarm for years and we've got the
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space shuttle story for you. tonight is the -- full story for you. tonight is the college championship football game, georgia versus tcu and the game is encouraging debate: should we pay college athletes? we'll be back. maurice dubois ♪
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stuart: ashley, how did hamlin recontact to the bills winning their first came since his collapse? >> he was watching the game from his hospital bed at the university of cincinnati medical center, where he's been since suffering from that cardiac arrest medical emergency almost a week ago, but these are great pictures.
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unbelievably and we've been talking about this, the bills return the patriot's opening kickoff, 96 yards, all the way back for a touchdown. very first play of the game. it was the first time in three years, three months that the bills have scored from a kickoff return in the nfl. hamlin wears the no. 3 for the bills and immediately fans called the coincidence eerie, spooky, while hamlin himself reacted by thanking a higher force. he said got behind all this and no coincidence and by the way, stu, we'll be getting abundance update from doctors we understand later on this afternoon. he's improving it appears every day and every second, which is great news. stuart: yeah, good news and we'll take it, thanks, ash. tonight's the college football championship game between georgia and texas christian university tcu. this year players are just college athletes. but by next year, they could be classified as school employees. grady trimble is with us. is there a problem here?
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are the schools afraid the players will form a union of some sort? >> that's exactly what could happen, stu, then the student athletes could negotiate for pay, maybe even benefits, not just with the schools that they compete for, but also with the ncaa and the athletic conferences because they would be considered employees of those organizations. the los angeles office of the national labor relations board is making the case that student athletes are actually employees "entitled to protections under our law". that quote in response to an unfair labor practice complaint filed on behalf of football and basketball players at the university of southern california. the complaint could eventually make it is way to the nlrb's full panel for a final decision. >> i don't think the answer is on the immediate horizon, but a sense if not immediacy of inevidentability. that's the way we're going and also think you're saying, you
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know, the demise and essentially the implosion of the fortress that was the ncaa. >> what the ncaa tells fox business about all this "contrary to the claims presented in the nlrb charges, college athletes are not employees of the ncaa regardless of sport or division. the ncaa's commit want is to student athletes and will defend any attempts to divide them for arbitrary standards and all that participate in college sports". already the tide has turned in favor of student athletes making money though not from the universities they play for. some of the tom college athletes -- top college athletes are inking name, image and likeness or nil deals for money. it could be years or months before we get a final decision on whether student athletes are employees of university, but we could start seeing athletes
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getting a slice of the multibillion dollar pie that is college athletics. stuart: yep, seems to be getting closer and the debate rages on. grady, thank you very much, sir. appreciate it. kirstin henning, a former virginia tech soccer player will receive a $100,000 settlement. she claims she was benched for refusing to kneel in support of black lives matter in 2020. in return, she'll drop the lawsuit against the coach, the coach will not be forced to admit any wrong doing, and he will remain as head coach for the women's team. soccer player gets $100,000. i want to see this and show me the dow 30. this is a sense of the market as we keep saying, clearly there's a rally in progress. we have, let's see, 25 of the dow -- 24 of the dow 30 in the green. very much in the green and the dow is up 200 points, 33,869. the new covid variant, there is
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a new one, may be the most contagious one of all. certainly one yet. dr. siegle has more on the rapid spread and any new symptoms to lookout for. the doctor is next. ♪
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stuart: today thousands of nurses are on strike in new york city. they say they're overworked and understaffed. lydia hu joining us from outside mount sinai hospital. lydia, what are the nurses asking for? reporter: hi there, stuart. these nurses are asking that the hospital hire more nurses. they say the understaffing is impacting patient care. watch this. >> the nurse to patient ratios are very, very unsafe. we have double the amount of patients that's regulated in any standard hospital. really, we're just spread so thin and it's very scary to have eight patients when you're only supposed to have four. reporter: now, about 7,000 nurses from two major hospitals here in new york city are on
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strike this morning after negotiations fell apart around 1:00 a.m.. now as these nurses take to the sidewalks leaving the patient's bedsides, hospitals are forced to adjust their healthcare they'rthey're providing and mouh new york moving nicu -- mount sinai moving nicu babies to other hospitals and helping cancer patients find other locations for treatments and they're also rescheduling elected procedures and postponing outpatient appointments as well, stuart, and the hospitals tell us it's the nurses that walked away from the negotiating table this morning when negotiations fell apart and the hospitals say the nurses are refusing a 19% raise that would be paid out over the next three years. now, of course this is day one of the strike. they tell us there are no negotiations scheduled for the rest of the day so we'll see how
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this plays out. we're expecting a press conference from the nurses union here to start any moment now. stuart: who's taking care of the patients. thank you very much indeed, lydia. the cdc warns the new covid subvariant could be the most contagious strain yet. dr. mark siegle is with us -- marc siegle is with us this morning. is this the xbb1.5 strain and is it more deadly? >> you've got that strain right as you said, stuart, you do your homework. it's not as far as we can tell more deadly but more transmissible. it's 1.5 times more easily going from host to host. that's what viruses do. they outcompete each other by being more transmissible than the one before. by the way, we don't really have the real numbers here because so many people are doing home testing, which isn't reported at all. so there's a lot more of a widespread outbreak than we even realize, 75% of the strains in the northeast are now this subvariant, the xbb1.5 and
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hospitalizations are going up but again, the vast majority of the cases are mild. now why would they be mild? mild because of people having prior immunity from previous omicron subvariants, that carries over and people vaccinated recently over the last six months and that carries over and that helps us. we have a bedrock of immunity behind us and paxlovid being utiutilized and keeping people t of the hospital. stuart: did you see this from randi wiengarten admitting that shutting down schools hurt the kids. a tweet, remote education didn't work because in part you have to have relationships and build trust. have at it, doc, because she wanted to keep the schools closed for a long time. >> well, stuart, we've been talking about this on the show for almost three years, it's a disgrace. i think early in 2020, i was one of the first -- you were one of the first to say closing schools is going to have a lot of
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collateral damage. rich people closing schools for poor people that didn't have the ability to learn remotely, not only that but there was no indication you prevented viral spread. i was screaming that you had studies from europe, from australia, from here in the united states, danny benjamin from duke did studies that you could do a much better job keeping kids in job by the way because you could control spread. then you could test kids, then you knew who was exposed and this occurred by the way, randi wiengarten, a disgrace. trust would be doing what i just said and you've been saying, hey, you had the vaccine in december of 2020, so your argument that you were trying to protect teachers when completely off the table and you still kept at it in 2021, really outrageous she's saying this now. am i being on the fence here, stuart, you know my opinion. stuart: you're not on the fence at all, we're in full agreement on that . i want to make sure we have time
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to cover this: people are using electric shocks to get in shape, called electrical muscle stimulation, ems. people wear special suits, send electric impulses to their bodies to make exercise more difficult. does it work, doctor? is it safe? >> i don't think it's necessary. i think it's -- it could be unsafe because you could get a shock in the wrong place at the wrong time or you could short circuit. i mean, come on, guys, just get out there and take a walk. take a run, go on your peloton, go on your bicycle, forget about this fancy technology. this is taking it ten steps too far, stuart. stuart: yes, i really wouldn't want a nasty shock at the wrong place at the wrong time. i try to avoid these things, you know. >> then you get laid up and can't exercise at all. how's that helping? stuart: precisely. you make so much sense, dr. siegle. you're a good man. see you soon, doctor. thanks a lot. here we go with the monday trivia question: what percentage of the earth's wildlife lives in the ocean?
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32, 51, 77 or 94%? the answer after this. ♪ . .
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♪. stuart: here's the question, what, what percentage of the earth's wildlife lives in the ocean? ashley i want you to come into this. why don't you go first. what's your guess? >> that that is a good question. a lot of earth is covered by
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oceans. i will to with 77%. stuart: i was going with that but then our producers told me there are 25,000 species of insects that live in the water. so that, so i'm going with 94%. i may be completely out of bounds here. the answer, please? what is the answer? it is 94%. there you go. how about that. thatthat is a shocker to me. the rally holds, ashley, you please to know, our money is safe this morning. we're doing okay. dow up 60. nasdaq up 225. not bad at all. on that note it's a rally, plenty of green. here's neil. neil: i still have time to screw this one up. stuart, thank you, very, very much. we've got this rally as stuart pointed out here, we have dribs, drabs, what we're learning the president of the united states is doing in mexico, what kind of agreements he is getting in mexico. this is after his visi

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