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tv   Varney Company  FOX Business  January 23, 2023 11:00am-12:00pm EST

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you. you're slinging tacos and you've got a minute between orders to handle payroll. what do you do? step one, type 'run payroll', respond to a couple questions, and that's it... done! and they're paid tomorrow, not four days from now. if you know how to send a text, you know how to use roll. go to getroll.com/tv and get your first three months free and unlimited payroll. >> that is the most problematic thing that he's facing is documents taken while in the united states senate. i think the democrats you can not defend this. there is no excuse for this whatsoever. this re-election has been in jeopardy since about one month of his presidency. >> this is a far bigger problem than just ron klain. the timing is very core just. it's not the best time for him to signal he's leaving for the evidence that ron klain doesn't think that joe biden has much of a future here. >> this is a bigger bubble than
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2008 and 2009 and i don't see why people can argue against that. this is not a growth environment and a lot of these stocks go to pre covid levels and people are not pricing that in. >> if we see continued confidence and you can see consumers on the move and those who responded appropriate ly as opposed to the dog who ate my homework that's going to be good for the stock. i know it's only rock n roll but i like it. stuart: why not a little rolling stones that gets you going in the morning and it is 11 o klobbered eastern time on this monday, january 23. let's check those markets. yeah, the rally holds up 250 on the dow, up 170 on the nasdaq. show me big tech. i presume they are all higher if the nasdaq is up that much only amazon is down and it's only down one cent. apple up nearly one and one- third percent, meta and
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microsoft just over 1%. the yield on the 10-year treasury still around 3.51%. now this. why has the price of eggs surged whatever you're paying, you're paying a lot more now than a year ago. it's about what, six bucks a dozen at my supermarket. surely, it's all about supply and demand, isn't it? 58 million chickens slaughtered last year because of a severe outbreak of avian flu. that cut supply drastically, but the left, they don't see it this way. former labor secretary and far left academic robert risch says it's corporate greed. egg companies sitting on strong profits, he says, are gouging the public. we've heard those words so many times before. greed, gouging, extreme profits, it's how the left disparages corporations and capitalism. all profit to them is greed. remember hillary clinton on the
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greedy drug companies? joe biden on greedy gas station owners. bernie sanders who introduced the ending corporate greed act, he's still chair of the senate budget committee. no wonder we have a $31 trillion debt. the egg story may seem trivial, yes indeed it is but part of the current economic debate. whose responsible for inflation is it massive government spending and the fed's massive money printing? that gets my vote. corporate greed and obscene profits? naaa. that's just the socialists getting it wrong again. some things never change. third hour of "varney" starts right now. hey, pete hegseth, you're on. good morning to you. pete: hey, stuart. good morning. stuart: socialism made me a refugee. that's why i'm here in america.
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pete: absolutely. stuart: forced me out and look what they are doing to america now. it drives me up the wall, pete. pete: now you're surrounded by socialists who never got economics or capitalism 101. like the wealth of nations, adam smith. remember the invisible hand of capitalism that when people pursue their own self-interest, there's good that comes out of the active pursuit of your own enrichment that enriches everybody else? the invisible hand of capitalism is something liberals can't understand and can't explain and can't control and so they don't trust it, so they have to go towards socialism and government spending and tinkering and debt because those are things in washington d.c. they can yell about and talk about, more spending but they can't take responsibility for the invisible hand for the good things that capitalism does and free markets , stu, and there's corporate greed and greed is a thing, but they have to impune them and not look at all of the good things and the jobs that those people
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provide, and the taxes, frankly, that they reap from success, so they've got it up side down. you fled them. now they surround you, and as a result, we're $31 trillion in debt. stuart: that's good. you fled them, now they surround you. so true, pete, so true, a serious subject here. a school district administrator in california wants to remove, " privileged white voices" from the curriculum. this is the e-mail. we urge the state board of education not to give into the pressures and influences of political lobbyists, racists and privileged white voices and individuals. she also called for a more extreme version of black lives matter. pete, you've got season 2 of your miss education in america. i believe it's out today. i want to hear more about this. pete: season 2 of the miss education of america on fox nation out right now. it's five episodes. stuart, we had to actually put a disclaimer on the front of it that said "warning, the material
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you're about to see is disturb ing for adults, yet is taught in school everyday to kids, viewer discretion is advised" and we breakdown more on critical theory, sex ed, gender theory, what the unions have done, erosion of standards and we talk about solutions with an array of education experts who will explain why that kind of lunacy of calling out, you know, white privileged kids, how did that make its way into mainstream classrooms in 2023 or change your gender? the story behind it is insidious , frankly perverted, scary, but when you see it and understand it, it'll help you understand how we got to this crazy place and what parent s can do about it so i recommend going to fox nation, misseducation of america, season 2. stuart: done. i'm watching it. pete hegseth, always brings the fire and we always appreciate that. pete: thank you. stuart: thanks, pete. pete: you got it, stuart. stuart: back to the markets you'll like this. the rally continues. the dow actually, let's go to
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the dow for a second it's up 327 points. it just literally gained a few, almost 100 points just in a matter of minutes. the nasdaq is up 200 now, and the s&p 500 is up 1.25%, so very quickly, you've had a solid rally created here just emerged. jason katz is fortunate to be watching the market with us today, because this is a rally. can you tell me why we've rallied like this , this monday morning? any idea? >> well, i think it's predicat ed on the fact that people were so negatively positioned heading into the new year, and everyone was anticipating an onslaught of tax selling which they got at the end of the year and they remained in cash, and now, we're seeing earnings come down but not as severe, and we're seeing inflation abate and the probability of a recession is still high but not as high. stuart: okay, these earnings reports, we've got microsoft tomorrow at 4:00 and then tesla on wednesday at 4:00.
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it strikes me that it's not the numbers themselves that's so important, because that looks backward. here is how we performed in the past. it's the call. the earnings call, where the executives layout where they say their companies going. that's what you guys listen to, isn't it? >> 100%. earnings calls, listen, it's not about driving through life looking at the rear view mirror. the markets are self-discounting forward-looking mechanisms. it's the guidance, so business owners were surveyed by my organization recently, and we looked back last year and the vast majority, nearly three- quarters, thought a big recession was coming this year. that numbers now down to roughly 50%, so i expect to hear more from ceo's that things are not peachy keen but they aren't nearly as draconian as people originally feared. stuart: do you think we're going to hit new lows before we hit new highs? >> the answer is no. i respectfully disagree with one
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of your previous guests this morning and he's been spot- on, eddie ghabour, but look you have a setup this year where you have the fed and the bond markets signaling two very different things. you're looking at the bond market dropped from 4% down to 3.5%. that signals hey, fed, if you go too far, and you stay too high, for too long, you'll get what you wish for and that's a self- induced recession. i think the fed is finally getting that memo. they're not going to as you said to him, reverse course and pivot it's the direction and the speed in which they are raising rates that the market will take its queue from, and i think as a result, we've put in a bottom, but that doesn't mean we celebrate here. we're not necessarily going back to the new highs either. i think we're going to be in a trading range with an upward bias. stuart: but i'm not going to lose my shirt if i stay in the market? >> not with the kind of shirts that you buy. stuart: [laughter] good one, good one, very fast answer. jason katz you're all right
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thanks for joining us. >> thanks, stu. stuart: lauren has got the mover s and i'm starting with let's see , newell brands. lauren: robber made, sharpie, mr. coffee, papermate. not a tech company, clearly, but a company that is laying off workers. stuart: ouch. lauren: 13% of the white collar office staff they try to save about $250 million in costs. when you hear job cuts bad for the economy, right? it's a bad signal but investors say oh, well the company either overexpanded and now they are trying to save moneyz because business isn't as good, stock tends to go up. stuart: what you often see these days is bad for main street layoffs -- lauren: good for wall street. stuart: higher profits. lauren: cost cutting exactly. stuart: then we have wayfair. here is a company i remember from back in the pandemic days. i think the stock was it 300? lauren: um, i don't remember. i don't remember. i'm googling very quickly.
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stuart: now its got a gain of 21 % there's got to be a reason for that? lauren: two double upgrades. one at jpmorgan they say the stocks going up 80% and another at bank of america. they say the stock is going up 116%, to $65. why? cost cutting. they like this near $1.5 billion in expense reductions over the past year that wayfair has taken so shares today are at a five-month high trying to get back to where they are during the pandemic when we looked around our offices and kitchens and living rooms and said i need to spruce that up because i'm in it all day long. stuart: plenty of action in the electric vehicle market especially lucid i see them up nearly 8%. lauren: citi is out with a buy. look this is lululemon ev's lucid has been delivering for about 15 months the numbers are low they delivered about 4,000 vehicles last year, but the expectation is they increased that by six times for this year. citi is saying we like them and the promise but they are still unprofitable and they need to
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diversify their different price points and they could really be somewhat of a next tesla. stuart: i saw one actually. lauren: and? stuart: it was in florida. good looking car. it looks like a luxury car. lauren: how did you know it was a lucid? stuart: because it said so on the front. lauren: all right, all right stuart: i roll down the window. lauren: if you spoke to the driver that be very rare for you to talk to somebody else on the road. stuart: that's true. lauren: that's not like you. stuart: i wasn't driving at the time. i was the passenger. rolled down the window and say hey that's a nice machine. lauren: and what did they say? stuart: they didn't say anything , actually. lauren: probably happens all the time and gets annoying. what color was it is my last question. stuart: two-tone actually, navy blue top and a tan sort of lower level. classy looking vehicle. very expensive. it's $100,000 i think. lauren: yeah, more. stuart: i think we successfully used up about a minute of airtime. lauren: commercial for lucid. still not profitable. stuart: i want to get paid for these commercials. lauren: don't have enough money
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to do it. stuart: look at that. that is a lebron james rookie card up for auction. right now, the current bid is nearly a half million dollars. it could sell for double that. we'll show it to you. neighbors in a small town in north carolina claim a bitcoin mine is driving them out of their homes. they said the computers, the cooling fans are loud. it sounds like a jet engine next door and we'll tell you the story. the supreme court failed to identify the person who leaked the dobbs abortion decision so now the house judiciary committee launching its own investigation. congressman darrel issa is on that committee. we've got to get to the bottom of this , next. ♪ ♪ ovation refunds can help your business get a payroll tax refund,
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develop or worsen. serious allergic reactions may occur. watch me. stuart: a fourth batch of classified documents was found at the president's home in wilmington, over the weekend. peter doocy joins us from the white house. peter strzok the justice department going to search biden 's beach home now? reporter: it's possible, stu. there is interest in searching other locations tied to biden. some of this latest batch of classified material actually dates back to his time as a senator, more than 15 years ago at least, and that part is a real head scratcher for democrats currently in the senate. >> i review classified material as senator on the arm services and foreign relations committees but when i do do it, it's always in a classified facility where i don't have access to the materials other than to sit there and read them.
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reporter: there's a lot of that going around as democrats are also now revisiting president biden's claim he has no regrets. >> i think he should have a lot of regrets. reporter: president biden did go back to his house in wilmington after a special counsel was named and there the fbi's 13 hour long search of his home which adds to a long list of questions from republicans doing oversight of this. >> this has all the pattern of an influence pedaling scheme, and it also has the makings of a potential cover-up. reporter: on the contrary according to the white house's special counsel. >> that's why the president and his lawyers offered up access, unprecedented access i should add to every single room of the president's personal home to ensure that any documents that need to be properly in possession of the government are taken and are in proper possession of the government. reporter: and we can hear marine one powering down right now the
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president just landed back at the white house from rehoboth if he talks it'll be the first word we've had since that fbi search and we would bring that to you, stu. stuart: i hope you do. peter, thank you very much indeed. see you later. now the house judiciary committee is stepping in after the supreme court failed to identify the dobbs abortion leaker. congressman darrel issa joins me now. this congressman is on the judiciary committee itself. congressman, we've got to get to the bottom of this. i don't think that the administration or the supreme court really does want to get to the bottom of it. what say you? >> well stuart you're exactly right. they don't want to do what they have to do which is, in fact, speak to every single person that works there, if necessary put them under oath, ask them if they will take lie detector tests and deal with what you need to do to find out. that's where congress comes in. we have to investigate to see if we can find the cause, but in the name of the court, we have to find out what they or we
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need to do to prevent this from happening again. stuart: can you call witnesses? >> we can. we now have subpoena authority within the committee. we also have the ability to write laws that would make it illegal, a federal felony to do what happened. right now we're looking at an investigation for which we don't have a crime. what we have is a terrible thing that shouldn't have happened. stuart: well now there's a lack of trust at the highest level of the judiciary. the whole process of deliberation has been corrupted in my opinion. it's absolutely vital that we find out what happened. >> the high court is under attack. stuart: yes. >> over the weekend, justice kavanaugh had people in front of his house again after there was a murder attempt there just less than a year ago. there is an attack on all sides , so on one hand, my job, and the new congress, is to protect the court and to help the court but sometimes, to help the court, you have to get them to do what they aren't willing to do and one of them is they've got to create a strong
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prohibition from this ever happening again. stuart: yup. now, border agents now confirm that 1.2 million illegal migrants got away from authorities crossing the border under this administration. congressman, you represent a stretch of the border with california and mexico. do you expect anything to change on that border? >> well having over 50 miles of the border, i'm a border district, but you're seeing big city mayors all coming in saying we need money for this problem. we need them to be in a position to say, an ounce of prevention is better than a pound of cure and that means we need to say no to the money requests to the sanctuary cities and states like mine and california and say let's get with it. preventing it is affordable. the idea we can take five, six, 7 million people and support them and more coming is ridiculous and we need to have those who are inviting them change the invitation. put, you know, closed. stuart: you've been a sanctuary
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state, california, for decade or so. new york city has been a sanctuary city for that long. >> sanctuary until people show up and then suddenly they aren't interested. stuart: that's got to end. >> well and stuart, you cover everyday the problem we have right now of jobs unfilled. we brought in five, six, 7 million people, paroled them so realistically, they can work and yet they aren't filling the jobs so one of the reasons is we're not making the selections. if we want to have an aggressive immigration process, great but let's aggressively find people that can fill those jobs, not people that will be on unemployment. stuart: these people are here and they are going to have to work. that's the way it is. congressman darrel issa, great stuff. thank you, sir. >> thank you. stuart: let's look at some of the markets now. where are we that rally continues there is the news and we're up 380 now on the dow industrials better than 1% nasdaq is up better than 2%, s&p 500 up 1.5% this is a broad based rally all across-the-board
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, solid. spotify, the latest company to announce layoffs 6% of the staff will be let go this week. investors like it. ashley? are we going to see more layoffs as this year goes through? ashley: yeah, we could. bottom line, the economy is softening. corporate profit margins are falling and hiring, yes, indeed being pulled back. in fact nearly 20% of companies surveyed by the national association for business economics say they expect employment in their company to fall in the coming months for the first time by the way, since 2020, more respondents expect falling rather than increased employment in their firms in the next three months. the survey highlights concerns that more companies will begin to shed workers, as the impact of higher interest rates work their way through the broader economy. we are already seeing that in the tech sector, this is remarkable, an estimated 40,000 jobs have been cut this month from 151 different companies.
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let's not forget tech companies really boosted their hiring. now we're seeing other side of that. stu? stuart: and these are highly compensated workers being let go big savings for the company. ashley: yes. stuart: thanks, ash. we told you that the ai program "chatgpt passed the u.s. medical licensing exam but chatgpt just passed an exam be wharton business school. one professor said, "the system has shown remarkable ability to automate some of the skills of highly compensated workers with mba's, manager roles and consultants. i guess it could take their jobs away." how about that? here is what we have for you later. bill gates investing bills to try and stop cows from burping, you can't make this stuff up. we're not making it up. we'll tell you all about it. show me bitcoin just hit a four- month high. sean duffy is a big bitcoin guy. does he feel vindicated after surviving the crypto winter? i'll ask him, he's next.
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♪ you don't know what we can find stuart: the magic carpet ride. that takes me back a ways. [laughter] we've got to change the subject. lauren: but how magic was it? [laughter] stuart: that's las vegas and you know what it's only 43 degrees there right now. it's cold. susan li is back and she's looking at the movers and she's going to start with microsoft going with chatgpt. >> lots of magic here, so take a look at the chatgbt ai rally, microsoft announcing multi-year investments in maker of chatgbt, and that's open ai on top of the billion dollars microsoft invested back in 2019 so this time around reports say microsoft is investing $10 billion, so we know it's super-hyped artificial intelligence program that helps
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you write pros and search the internet. the main beneficiary is not microsoft. it's chip stocks think of nvidia which is the main beneficiaries because in order to create artificial intelligence you need these fast complex graphics chip s that nvidia mays so the stock you know nvidia is up 22% so far this year in three weeks and really it's lifting the entire chip sector. stuart: why didn't you tell me about this? >> i was kind of busy on the ski slopes in switzerland but yes. i'm telling you now how about that? stuart: i'll take it. i'll take it. what's with apple? iphones. >> yeah leading the dow today as well as the s&p 500, because apple is so influential such a big stock that as it goes up it takes the rest of the benchmarks along with it so according to india's trade minister apple could be making 25% of their iowa phones in the future in the country and a big increase from 5-7% also noting we just had a "wall street journal" report that apple is the last of
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the big tech companies to avoid layoffs so apple's workforce has grown 20% in the past three years not 90% and meta and amazon's case which is almost doubling the workforce in three years. apple reporting next week reiterated as a buy, deutsche bank says it's still worth 160 in their view. stuart: you have to tell me about ken griffin. >> so this is a talk on wall street and why maybe there's only a few, a handful of companies worth paying two and 24 when it comes to hedge fund fees. so profit ken griffin citadel, the most record amount by any hedge fund in any year, they made $16 billion last year, outperformed the market in a bear market returning over 30% and that's why they are worth that. also by the way, you know, $16 billion is 70% of all profits made by any hedge fund last year. isn't that incredible? stuart: what's that? >> so how hedge funds charge is
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that it's 2% of assets, 20% of profits. stuart: so if i give citadel $100 million. >> they take 2% off the top. and anything they make for you over the year they take 20% of. by the way i want to note that ken griffin has now dethroned stu "varney" as the richest man of florida, ken griffin worth about $32 billion. stuart: i have a reputation here susan great to have you back, thank you very much see you soon neighbors in a small town in north carolina say they are being forced to move because of a nearby crypto mine. ashley? what's this all about? noise complaints? ashley: yeah, it's interesting. i didn't know they made it a noise but apparently they do and one local resident described it as a small jet that never leaves how awful. according to one neighbor, the noise from stacks of computer servers and cooling fans created a noise as high as 85 decibels. that's the same as a food blend
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er, or heavy traffic. crypto miners are attracted because the power is relatively affordable and there's basically no regulation or very little. now, the mining question is owned by a company called prime block that has bought a dozen mines across north carolina as well as in kentucky and tennessee. the company says it built noise installation walls but residents say that didn't do any good because you only put them on two sides. in the meantime, the fight goes on but i'm absolutely fascinated in some ways that these things can create that kind of noise. stu? stuart: actually that was news to me. i never realized that. sounds like a jet? ashley: yeah. stuart: interesting. ash, thanks. let's get back to bitcoin shall we? look at it at 22, 800 bucks a coin. we have a resident bitcoin guy with me right now and his name is sean duffy. now, it's jumped what over 10% just in the last week. it's at a four-month high. i used to give you a hard time
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during the crypto winter. i made fun of you. >> you did. first of all, whenever it went down you brought me on to make fun of me and when it went up you never talked about bitcoin. can i just make one other point? susan li said before she left she's been to a bitcoin mining facilities and there's no sound coming from it so maybe what ashley said about regulation, trying to give us a little hit to bitcoin but she said i've been there. they aren't noisy. stuart: you're defending your territory, your crypto territory that's what you're doing. you still believe in it? >> so, i look at this and obviously, we've had a lot of issues, ftx and its crash and the theft from sam bankman-fried of $4 billion-plus. its been tracking the market so those two things together, its been pretty rough for those who believe in bitcoin, but again, and i say this to you all the time, when you only have 21 million bitcoin they aren't making any more bitcoin that's it. you aren't going to have inflation of the coin where you look at the federal government, the federal reserve, they are increasing the money supply at
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rapid rates, devaluing our currency, we're what down 13% just on inflation on the dollar, so when you look at the dollar you go what gives the dollar value? it has value because you and i say it has value, right? no other reason, and people say bitcoin has value as well, and so again, but they aren't print ing bitcoin. they are printing money. stuart: you're not getting out are you? >> well , stuart, rachel made me sell a little bit like at 18,000. she's like we have too much, so so i sold a little bit but -- stuart: did you tell her you only sold a little bit? >> well she wanted me to sell more. i said i sold. i didn't say only a little bit. you help create marital discourse. stuart: marriage counseling on this program is really something else. the bottom line, that's a new show that premiers tok tonight on fox business, 6:00 p.m. eastern, sean hosts the show with dagen mcdowell. what's on the aged agenda? >> sharing airwaves with you,
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stuart is really cool. i idolize the great stuary varney. we have ted cruz, kristi noem coming on, wonderful guests. stuart: so you do politics? >> we're going to do politic, culture, business, we're going to hit all spectrums. we have a little more room than you have to do a little more of the fun topics. not that you aren't fun, because you are a fungi. stuart: you're digging yourself in deeper. >> pretty good. stuart: best of luck on your new show tonight 6:00 p.m. to you and dagen all good stuff. >> i appreciate your support. stuart: see you soon. another programming note. two episodes of "american built" air tonight. here is a preview of the kennedy space center. roll it. >> engines on 5-4 -- >> my god what we're going to have to build here is monumental >> liftoff. we have liftoff. stuart: the mission is clear. >> everything was new. everything was groundbreaking. stuart: high-tech, brute force. >> you feel it in your lungs.
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>> 10 million pounds of thrust. >> just boom! challenges. >> this entire area was completely submerged in water. enormous. enormous concrete structures. >> this is florida, it's swamp land. >> nothing like this has ever been done before. stuart: how they built the kennedy space center. all right, interesting stuff. "american built" airs tonight on fox business. we do the sherman tank 9:00 p.m. eastern, kennedy space center 9: 30. the 49ers are headed to the playoffs. they beat the cowboys 19-12. the bizarre final play of the game still has fans scratch ing their heads. we're going to bring it to you. parents still having trouble finding baby formula more than a year after abbott shutdown their plant for potentially deadly bacteria. now the justice department is launching a criminal investigation. lydia hu has the story after
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and you know it, dance around. ■ ■ if you're happy and you know it, play a song. if you're happy and you know it, ■ and your face will surely show it. ■ ■ if you're happy and you know it, take a shot. ■ and when you call or go online right now to donate $19 a month or more, we'll send you this adorable love to the rescue blanket as a thank you and a reminder of all the smiles you're bringing to kids faces every day. will today be the day you send your love to the rescue? when you call the number on your screen right now and give as little as $19 a month, just $0.63 a day, you'll be making a life changing difference for a child just like sarah. your monthly gift today could change your life forever. because of you, we are happy and we know it. thank you. thank you. thank you. thank you. please call or go online right now to give
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stuart: the justice department is investigating the abbot labs infant formula plant in michigan it was shutdown for months last year due to contamination. lydia hu is with me. are parents still having issues finding baby formula? reporter: yeah, they are, stuart in fact there's a new analysis that shows one in four families with an infant say they still struggle to find the formula they need and we talked to one mom from new jersey. watch this. >> i thought it be a little better by now but i feel like it's almost just as bad as like in march of 2022. i mean, the shelves are never full. it's like candy. it's something that we need. it's a necessity. reporter: so she's outraged and this is a new jersey word.
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that's not even in the top 20 states with parents reporting they still struggle to find formula. the worst states, stuart, right now according to health advise or , mississippi, kansas, west virginia, nebraska and arizona and the department of justice is now taking action. it's launching a criminal investigation into conduct at abbott laboratories michigan plant, the plant as you remember that halted production and recalled baby formula last year, after the fda received reports of babies would consumed the companies formula, became sick. now a company spokesperson tells fox business that it is cooperating in the investigation. >> they probably have information needed from that site visit or from human sources that are telling them that there was a significant problem. reporter: now, the investigation does not mean that the formula supply will improve, but it does mean, stuart, there could be some new levels of accountability. other similar investigations into food contamination cases
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have resulted in multi million dollar fines and one case, an executive actually getting jail time, not to say that's what we're going to see here but it does bring a new sense of gravity to the issue. stuart: good. because my 11th grandchild was born this morning and he's sure to need baby formula at some point in the near future. i hope she gets it. reporter: yes, absolutely, congratulations. stuart: thank you. the fda wants to simplify their covid vaccine campaign. they want it to be like taking a flu, in which a strain is select ed to combat each fall season. they also propose the vaccine be just one dose each year. got it. all right, a new report says bill gates is backing an australian start-up he's trying to stop cows from burping this one is for you, ashley. how are they going to do it? ashley: it's a story i've been dreaming up. it's like beano for cows, essentially, stu. a perf-based company developing
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a supplement from livestock that's an active ingredient found in red seaweed, and according to one study giving cows seaweed in their feed could cut 98% of their methane emissions. bill gates has joined a slew of billionaires investing in the technology. gates is an outspoken critic of the livestock ins and has backed other firms such as beyond meat and impossible. livestock accounts for almost one-third of manmade emissions of the biggest contributor to global warming after carbon dioxide. in other words, an ill-wind blow , stu. stuart: that was good and you made that up on the spur of the moment. i do, believe, ashley it's very good. thanks. show me the dow 30, please. the sense of the market is it's a rally. 27 up, three down and the dow is up over 300 points.
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now, i'm going to show you something spectacular, sensational. the ball that soccer legend dieg a matadona used to score his hand of god goal in the 1986 world cup it is now up for auction. ken golden actually got his hands-on that ball and he's holding it right now and he's here in the studio. he's going to show it off. it's at auction right now. it's going to sell for a fortune we'll be back. ♪ i am the champion ♪
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for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house.
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i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. stuart: at the nfl the conference championships are set. ashley? who is still in the running for the super bowl? ashley: well, down to four teams , after beating the cowboys the 49ers will face the eagles who basically dismantled the giants on saturday in the n fc championship game and after beating the bills in sunday in all that snow the bengals will try to get back to the super bowl for a second consecutive year against the chiefs. kansas city, by the way, held off jacksonville, despite a right ankle injury to their star quarterback patrick mahomes. as for the kansas as a slight favor over the bengals while the
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eagles favored over the 49er s as for the overall favorite? the odds diabetes makers like kansas city but the kansas city chiefs but that ankle with majority home is definitely a concern but he has time to heal up. stu? stuart: ashley i want you to look at the next segment because you'll be fascinated. ashley: oh, the hand of god. stuart: he's brought with him this , sitting right in front of me now. this is the , really, the hand of god ball, which diega matadona put his hand on it, beat the english team and the english never have forgive forgiven him and eventually he said yes. >> exactly and of course what happened is they ended up then winning the world cup and when interviewed afterwards he said how did you score the goal? he said a little bit of hand of god and a little bit of matadona and that's how it became the
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hand of god ball. now the jersey he wore that day sold last year for $9.3 million. stuart: what! >> it was an all-time record the most expensive soccer item of all-time. this is the actual ball and the story is is that this ball was kept by the referee, and we have a letter of authenticity from the ref that says this is the olny ball that was used in the game and is the actual hand of god ball but because we're golden, we then went out to a photo matching company and had them look at video and look at footage from the game and they photo matched the ball, so this is the actual hand of god ball, probably i would say the most, because it's worldwide , the most famous sporting artifact that has ever come up for auction anywhere. stuart: of course, ken, you are building up the price, are you not? the most important -- >> that's my job isn't it? stuart: what are you going to get for it? we believe 3 million plus, yes. stuart: well i wish you the best
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of luck. lebron james rookie trading card yes this is limited 50, it's a p sa-the key with lebron is in february he will become the all-time nba point scoring leader and this is a psa-10 limited only 50 we expect the value of this to approach $1 million. stuart: $1 million? >> $1 million. stuart: okay i've got to move on tom brady record setting jersey. >> here we go. this is the jersey that he wore when he passed peyton manning for most all-time fourth quarter comebacks december of this year. the bidding is already over 200,000. we expect this to approach or exceed 400,000, and if brady retires, this will bast four unr wore in his career. stuart: lebron james, miami heat , nick name jersey. this is a true rarity. again lebron going for the all-time point record
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this year. they let them wear nicknames in 2013 and this is one of four games he had king james on the back of his uniform so this is incredibly rare. we're looking at probably 150 to $300,000 on that. stuart: have we got time for the patrick mahomes rookie trading card? yes we do. >> sure and again, the chiefs fans are looking for another super bowl. this is a patrick mahomes national treasures limited 99. it is a psa gem-10 and we're looking for this to go in the $200,000 range at goldin, and we did something very interesting. i no longer have to go into the long goldin auctions. we now own goldin, so literally it's just goldin.com. that's it. it's very easy, and we opened up a marketplace last week. we now have things, you know, everyone is used to seeing me sell things for 100,000, or
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$2 million and we now have items literally starting at $5 at goldin. stuart: i have given you some remarkable commercials. >> you absolutely have. you're the man. stuart: [laughter] you're all right ken, thank you. >> thank you, sir. stuart: it's time for the monday trivia question. here we go. when was the presidential inauguration moved from march to january? 1828, 1877, 1901 or 1933 the answer after this. and i just didn't feel well. but then i found clearchoice. [ forde ] replacing marcia's teeth with dental implants at clearchoice was going to afford her that permanent solution. [ marcia ] clearchoice dental implants gave me . . if you have diabetes, then getting on the dexcom g6
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♪. stuart: all right. when was the presidential inauguration moved from march to january? ashley? ashley: i haven't a clue. i go with 1901. stuart: i'm the same thing. i haven't got a clue but i will go with 1901. ken? >> going to guess right after the civil war, 1866. stuart: i suspect we all got it wrong. yes we did. it was 1933. franklin d. roosevelt was the final president to be inaugurated in the month of march. by the way before we go, a few seconds, share some good news with you, that is my daughter emma and my 11th grandchild madeleine. she was born this morning. she is a few hours old. that, ladies and gentlemen, is love at first sight. that's it for "varney & company" "coast to coast" starts now. neil: are we at

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