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tv   Varney Company  FOX Business  January 30, 2023 11:00am-12:00pm EST

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call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. >> things are not going to get better and we'll have these rallies and i think they're fake and should be taken with caution because we have a ways to go. >> as we look at 2023, we have more ground that we have to
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cover. there will be volatility. the fed isn't done and remember, the fed gets what it wants. >> joe biden is the most left wing president this country has ever had. >> consolidating power and shown he's bent on world [inaudible] and we're the only country is that can stop that. >> rally died because the fed does something stupid that's going to happen this week i think. >> a roucous republican primary and get in the race and stand on the stage with donald trump and take the heat that'll come from donald trump. ashley: the late, great david bowie. what a great picture, the empire state building pointing to the partly cloudy skies of manhattan.
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it is 11:00 a.m. on the east coast this monday, january 30th and i'm ashley webster in for stu varney and get a look at markets off the bat. they are lower and been pretty much like this since the open about an hour and a half ago. the dow slightly down, the s&p down three quarters of a percent but nasdaq and big tech stocks get ago hit down 1.5% on the nasdaq and talking of which, take a look at big tech names in the red. apple down 1.13% and apple down 2 and meta down 2% and alphabet. 10-year treasury yield early on in the session it was up nearly four basis points at 3.54% on the 10-year treasury yield. now this, house speaker kevin mccarthy says social security and medicare cuts are off the table. roll the tape. >> let's take those off the table. >> completely? >> yeah, if you read our commitment to america we only
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talk about strengthening medicare and social security. ashley: well, fair enough. let's bring in steve forbes. steve, good morning to you. speaker mccarthy meeting with president biden on wednesday. how's this going to go? you know, the republicans have said, look, we'll raise the debt ceiling but there's got to be some conditions with regard to spending. how does this all play out do you think? >> well, we have to decide and the president has to use this as a opportunity to score pointing or do the dance of saying we're not doing thinking and sit down and do something. it's up to the president and i think mccarthy, speaker mccarthy has to go in with a kind of list of what kind of cuts he wants to make and put in opening up federal lands for oil and gas drilling that the public can agree with so the public gets a feeling they want to do something constructive. saying cuts isn't going to cut it. they've got to put something
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substantive on the table that people can say a ha, that makes sense. ashley: do we get an agreement, steve, or do the last minute dance again? >> it'll be last minute but ultimately they have to have an agreement. lot of republicans don't want to go over the clip on this one. ashley: joe biden set to lean into the economy we're told in 2024 and a new report claims that "if an expected message at the state of the union is that this union is strong, the projecting message biden wants to tout in 2024 is that the nation is stronger under his leadership and is emerging in good shape after the coronavirus pandemic. steve, let me ask you, are we stronger as a nation under joe biden? >> no, i think if he was giving an honest state of the union he would say, we're making real progress in the blunders i've made for the first two years or the first year and a half. you know, inflation was 1.5% when he came in.
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yeah, maybe trending down, prices are trending down because the economy is trending down. but he has to explain why manufacturing is now under pressure, services are under pressure, business investment is declined and retail sales declining and wages not keeping up with rising prices and it's not the kind of economy that real people want going into 2024 election. but these people just spout out -- spout fantasies and expect people to be in fantasy land and disney land and accept it as truth. they're not. they experience it every day what the reality is. >> you couldn't have said it better. ashley: under biden, medicare premiums have been rising since 2020 and inflation pushed social security further towards insol vennty and real -- insolvency and real wages dropped 3.5% since taking office. he's not going to mention any of that or he'll spin it. >> that's right and he won't mention things that mean things to people like a typical
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household lost 3-5% of purchasing power since he took office. the real theme should be how do we recover from the biden disaster and un-biden biden. ashley: we won't hear that at the state of the union but would be great if we did. steve forbes, terrific as always. thank you very much. >> take care. ashley: thank you. americans are struggling more than ever to make their car payments. this is a troubling sign. come in, lauren. this is tied to inflation; right? lauren: yeah, 16% of consumers are paying over $1,000 a month. that's a huge number. it's happening -- ashley: wow. lauren: i know. prices are expensive and average price of a new car is about $50,000 because rates are going up. if you look at last month, subprime borrows 60 or more days late hit about 5.6%, the most since the financial crisis. and this, the anderson economic group, they're turning common logic upside down so they say
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for a specific class of vehicles, for mid priced vehicle driven 100 miles, their traditional gas car is cheaper to run than an ev if you're doing a mid priced model. so $11.39 versus $11.60 for an ev. electricity costs a lot and gas prices are going back up. ashley: it does, that are very revealing indeed. lauren, thank you very.. let's check take a look at these markets and we are down. it's been a down session since the opening bell. nothing too dramatic on the dow but the nasdaq down 1.5%. yeah, the nasdaq down 1.5% and s&p down three quarters of a percent. jason katz, great to see you this morning, jason. we had a solid rally in the first month of the year despite the uncertainty today, but does this have legs or will the fed kind of stump it all later this
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week and we're waiting for the fed, the meeting begins tomorrow. is the thering in they could saf they're very hawkish, do we start another big sell off cycle? >> the nasdaq's up, ash, 11% on the year. s&p 6% so we've come very far, very fast but to take a step back, really boils down to who blinks first. you have stocks rallying predicated on the down shift in inflation and hopes of a soft landing. you have bond yields that have dropped pretty precipitously saying the fed may go too far and cause a recession and then lastly the fed; right, they said and they'll say again this week they're going to remain steadfast in their pledge to raise rates. the likelihood is that stocks and the fed actually listen to the bond market and blink at the same time. we're looking for a mild recession, s&p is fully and fairly valued, and the fed, they're not pivoting but i think a pause after 50 basis points in
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the next two meetings is in the offering. ashley: it is a very big week for earnings as we know. about 20% of the s&p 500 report earnings this week. is the key metric to all of this the guidance? >> it is for sure. as i've said countless times, the market is looking forward and not driving through life using the rear-view mirror. i expect this quarter's earnings to be fine like fourth quarter gdp was fine. it's really the guidance and i think between interest rates being up, inflation being elevated, you're likely to see revision to the downside and all this fear about a recession should really be focused more on an earnings recession because at the end of the day, ash, it's stocks that follow earnings, and i think earnings are likely to come down. ashley: you know, stu says this a lot, what's wrong with going into the money market and getting a cd, 4.5% and sit back
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and be content with that? in this kind of environment, is that not a bad strategy? >> i think it's a perfectly sound strategy for a portion of your money. fixed income is a game in town, cash alternatives are a game in town but post-inflation albeit inflation coming down, you're still at a negative rate of return. if you're going to achieve your long-term goals, you need to have some representation in risk assets. maybe those risk assets this year aren't u.s. assets. maybe you want to play an away game. it's easy to win in front of your home crowd but maybe look international looking at a 40% discount in the multiple relative to the s&p. so there are areas to make money in equities, i just wouldn't put all your money in cash or fixed income and won't keep up with inflation or meet your goals. ashley: that's exactly right. great stuff, jason katz. thank you for stopping by and chatting.
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we appreciate it. come back in, lauren, if you can. thank you, jason. you have movers for us. let's begin with the house of mouse. lauren: so there could be a strike. 32,000 workers at walt disney world in florida will vote at the end of the week on a new contract offer. their wages would go up at least to $20 an hour by 2026, but union leadership is saying vote this down. they want bigger raises that come sooner. this is 40% of orlando's disney work force. also corvana here and it was at $10, a gain of 35%. huge gain today. one year ago this stock was at $167. bankruptcy risk is looming for the used car dealership and a lot of short interest going on and inusual spike in shares of carvana today.
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and then p duoduo also. ashley: strike at disney. thank you very much, lauren. pa four star air force general says america will be at war with china in two years. we'll tell you why he is saying that. and ukraine stresses that time is of the essence as they wait for those tanks, they now want fighter jets and long range missiles and trey yingst has the report from kyiv right after
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this.
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ashley: overnight a russian missile struck a ukrainian apartment building. trey, it appears russia is increasing iting deliberate attacks on ukrainian civilian areas. reporter: ashley, good morning. this war rages on. the hands of the resident shake as she's led away from her apartment. the elderly woman's building was
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struck overnight with a russian missile. i was in my bed and i was thinking svetlana says and suddenly a strong force swept me up. i flew out of bed and into the kitchen. how i was not killed, i don't know. nearby rescue workers dig through debris where they ultimately discover the body of one civilian. the familiar scene plays out daily in eastern ukraine, often hourly. in the southern city of herzon, russian admi artillery targetina school, post office and more. ukrainian forces brace for more intense fighting. with this battlefield acespedesment in mind, ukrainian president volodymyr zelensky stressed the importance of stepping up support during the nightly address. >> russia hopes to drag out the war and exhaust our forces and we have to make time our weapon.
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we have to accelerate developments and speed up the supply in launch of new necessary military options for ukraine. reporter: this has been a timely point for zelensky's speeches over the last several weeks as ukrainian plan for new offenses. ashley: trey, thank you for the latest from ukraine. by the way, we have a new warning coming from a four star air force general predicting that the united states would fight china in the next two years. that's very startling statement. kt mcfarland, the perfect person here to talk to me about it. kt, is this alarmist or this is a reasonable, this warning? >> look, that's the general's job, ashley. he's supposed to assume that the united states could be attacked by our adversaries at any minute
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and his job is to prepare the united states so we can deter that attack, to defend against that attack and he's only doing his job. however, that being said, there's a time line that the chinese have. the chinese president has said he wants to "unify china" in other words bring taiwan under the chi chai jurisdiction in the next couple years and if we learned anything, especially with trey's reporting in ukraine, one thing we should have learned from ukraine you have to understand in advance you have to make that calculation on the part of the chinese that they would just decide, you know, taiwan isn't worth it and taiwan will be too hard because the russians told the chinese it'll be easy we have a great military and nato will told and ukraine won't fight back and none happened and now russia is going on year two of a war they thought they'd win
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in three weeks. if we can change china's calculation with a better more repaired military and taiwan, china will think twice about an invasion. ashley: glad you said that, kt, my follow-up question is are we properly prepared? we have an air force general sounding the warning and you say that's his job, but are we properly prepared? >> every war game of the united states versus china fighting over taiwan, every war game that's played out whether it's in think tanks or the pentagon, the united states loses that war. we're not adequately prepared. how would we become adequately prepared in we'd rebuild our military, especially the navy and in the pacific. we've drawn down a lot of the american military to support ukraine and we haven't sort of ramped it up to deter in asia. the other thing we could do is have an alliance with the country's that are most important to us in the region of japan, korea, the united states as a pacific power, philippines,
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australia, and maybe even india, to have not only a economic alliance but a security alliance against china and frankly the thing we could do that would be the most important is end the american war on fossil fuels so we'd become the dominant economic power in asia and europe. ashley: i want to get back to ukraine if we can, north korea, i guess, no big surprise condemning the decision by the u.s. to supply ukraine with advanced tanks to help fight off russia. i mean, we don't care what north korea thinks. but getting those tanks there quickly is key. ukrainians have asked for long-range missiles. >> presumably ukraine will take the war to russia and it's escalating to the extent that
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russiaen think the way ukraine wins is russia goes home and defended and putin doesn't survive in that happens and gets replaced by probably a more progressive leader and the fight as trey has just pointed out is that it's targeting civilian infrastructure. that's not what the russians were doing nine months ago. now they're deliberately targeting civilian infrastructure. they'd rather crush and destroy the whole country of ukraine than to admit defeat and go home in humiliation. ashley: how much more can the west do to at least turn the tide a lit and will you said before, kt, a war of attrition, russia will win. there's far more in the way of resources especially in fighting forces. it's a no win situation for ukraine so what can the best do? >> in the reagan administration where i worked, we used to our great advantage economic superiority. if we could again, if the united states becomes energy dominant,
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we set the price of oil and natural gas. it falls because we do it so cheaply. the russians are bankrupt, the russians can't afford to keep going on in a war of attrition. they'll be broke. that's the first thing we could do and the second is to understand that ukraine may not win the war that they hoped to win, but they could win the peace and the way they win the peace is by once the war stops, you crane becomes fully -- ukraine becomes fully integrated into the western economy and political system and probably nato where as russia's broke. ashley: wow. always terrific stuff, kt. i could talk to you all day long but we don't have that pleasure or license. but thank you so much as always for joining us this morning. thank you. >> thank you, ashley. ashley: thank you. a new report cl claims that chis top nuclear weapon haves been using american computer chips for decades. why am i not surprised. lauren, how did china get around the u.s. export ban? lauren: because they buy from resellers on sites that are
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ecommerce sites or some of the chip makers use shell companies to circumvent sanctions. it's a wall street journal report that says china's nuclear weapons research institute which is the china academy academy of engineering physics managed to buy the high-end chips at least a dozen times in the past two years and beijing is unable to make some of the fist indicated chips themselves and we're worried because they'd use them in the nuclear weapons. ashley: they don't have to make them but just have to steal them. lauren, thank you very much. coming up, nearly 25% of millennials parents are actually covering their rent but that's not the only expense parents are paying for. l as the dollars fly. advisory committee at fda cautioning against yearly covid boosters and warn there's too
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many unknown about the virus. dr. marty makary will give us his take on that next. ♪
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ashley: you're looking at late george new york. cold, cloudy, 25 degrees there right now and that's not one of stu's favorites. he may be onto something the it was never released as a single in the u.s. or the uk, but it was on the white album but never released individually in the u.s.. all right, now that that's over, check the markets and bring in other resident beatles expert susan li. susan: that was one of my favorite beatles songs of the five i know. ashley: well, very good, see. you like it. but it was never released as a single. start with the short seller
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report. susan: yeah. we have to talk about the $75 billion wipe out and $30 billion drop in wells. this is one of the most talked about global stories in market and india's madon and i recollects his empires took a $75 billion hit because of american short seller report and hindenberg researcher accused him of be ago fraud and the research firm, if it sounds familiar, it is because it's a founder that took town trevor milton that was just found guilty by a u.s. courtroom of fraud. any companies linked to adani fallen by as much as 20%, stocks and bonds as well. i want to show you the surge in value plays. this might be a rotation that's
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taking place in investors after the 11% up in nasdaq tech stocks so far this month. you have maybe a rotation-backed value in growth mostly because of this week's federal reserve meeting that could have the fed raising rates, higher than 5% by this year. maybe not even cutting rates on the back half either so that has people going back into these value names like amedical am exd united -- amex and united health. fidelity marked down their stake in twitter by 60%. fidelity is a big name and manage around $90 billion or so. they didn't santa claus rally a huge stake in -- have a really huge stake in twitter but they're taking a hit early and don't see a lot of value in twitter under musk and this leads us into meta's report card on wednesday night and key for pretty much all social media stocks including twitter and will give us a read on health of advertising revenue. meta is one of the best tech performers this year, up 26% so far this month and this morning
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bank of america, jeffries raising their price on the stock and could be worth $160 to $175 by the end of the year. ash, most of the people i talk to in silicon valley say that meta, obviously guidance is key in the record cards but if they say anything about cuts costs osar spenting when it comes to -- when it comes to virtual reality, you'll see the stock spike. ashley: susan, thank you very much. now onto health issues. fda advisers are raising doubts about moving to yearly covid boosters. advisory committee to the fda believes there's too many unknowns about the virus. dr. marty makary joins me now. doctor, good morning to you. where do you stand on yearly covid boosters? >> i agree there's insufficient data to jump to the conclusion that a 12-year-old girl will need 60 covid boosters in her average lifetime.
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why are we saying they need animal yule vaccine when we know this has been an epidemic with a future that's uncertain. we don't know even if it's effective and the bivalent vaccine never had a control showing it's effective and these are people that supported vaccine mandates and school mask requirements and they're saying, hey, wait a minute. we don't have enough information right now and the protection you may get from the booster may be transient and the variant may be unknown by the time you get the epidemic. ashley: 13 years old is far too young for children to be on social media. this is contentious but do you agree, doctor? >> we have a very good surgeon general and disagreement withs vaccine mandates and other covid
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issues, this is someone that brought to the public light epidemic of loneliness among senseniors and substance abuse growing during the pandemic and it's one of the great addictions that we don't talk about in america that we need to talk about. it's more powerful than cocaine and other addictive substances and that is instagram and other social media platforms that create images and ideas in people's mind that they're too fat or need to engage in binge eating or engage in something that's unrealistic and resulting in lost lives amongst our youth. ashley: doctor, very quickly what age is appropriate do you think? >> you know, if i had kids that were teens, i'd make sure they're not on social media till age 18 or so. it depends on the child's maturity and how much they have other interests. ashley: right. very interesting indeed. doctor, thank you so much for taking time out to talk with us.
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we do appreciate it. all right, now this, novak djokovic won his tenth australian open. little different that's last year. lauren: look how excited he is. full circle. last year he couldn't play because he was deported from australia because he was unvaccinated, remember this? >> how come migrants can come into the country unvaccinated but world class tennis players are not? >> you're talking about which world class tennis player? >> novak djokovic? our policies are two different things. somebody unvaccinated comes over on a plane. you say that's not okay. somebody walks into texas or arizona unvaccinated, they're allowed to stay? why? >> but that's not how it works. like we actually -- >> you know that's not what you want to happen but that's what's happening. >> it's not like somebody walks over and -- that's not how -- >> that's exactly what's
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happening. lauren: it's comedy. that's exactly what's happening. there's novak djokovic and called it the biggest victory of his life and he collapsed on his back in tears and sobbed several times after ward. ashley: yeah, he's a remarkable player. the super bowl is set and philadelphia eagles won easily yesterday and will face the kansas city chiefs in two weeks but last night's conference championship games were not without some controversial calls and we're going to break it all done for you. meantime gas prices keep rising and now gas buddy says we could see $4 gas again by march. we'll have that report, next. ♪
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ashley: the national average -- a gallon of regular gas costs around $3.50 but gas buddy predicts gas could reach $4 by march. edward lawrence at the white house this morning and, edward, what's the administration's plan to bring down the price of gas? do they have anything in place? >> yeah, their plan is to keep on keeping on exactly what they're doing. for the past two years the president says he's been doing everything he can to bring gas prices down yet now it's congress that could force the president into expanding oil production on federal lands. the house passed a bill which among other things would require energy secretary to expand oil production if they tap the strategic petroleum reserve for a nonemergency. >> with this plan with the bill that just passed, we have got to refill the strategic petroleum reserves and down 40% as you said the lowest level literally
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since i've been alive, we got to have a plan to have energy independence in this country. under president trump, we were the largest lng exporter in the world and no reason we can't reverse some of biden's policies and be a net energy exporter. reporter: the strategic petroleum reserve as lowest level since 1983. the energy secretary defended the use of the reserve and says they plan to refill it at a fixed price between $67 and $72 a barrel. >> today the spr remains the largest strategic petroleum reserve in the world and with our plans to refill, it adds the lowest -- at lower prices than what we sold at, the use of the spr not only saved americans money but these releases will end up delivering a return for taxpayers.
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reporter: as the construction equipment quicks up here at the white house, triple-a says a gallon of regular unleaded costs $3.50 on average today and 33-cents more than a month ago and up $1.11 since president joe biden took office. ashley. ashley: that construction crew follows you everywhere, edward. thank you very much. according to a new poll, parents are still paying for some of their millennial kid's bills so the question, lauren, is what are they paying for? lauren: a lot of things. kids are admitting this, which is a sign of the times i think, but 35% of millennials say mom and dad pay at least one bill for them and the most common is rent, groceries and utilities. 24% say parents cover their rent. a quarter of millennials aren't paying their rent so sign of the times, inflation and the rent, everything is too high or, you know, parents accepting this
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extra responsibility to cover for grown children and become normalized and totally okay for the kids and parents. ashley: yeah, i think you're right. i got another one for you. this is interesting too. a new survey showing what salary is a deal breaker for daters. interesting, what's the number, lauren? l $29,873. 23% of daters say that's way too low. they can't work with it, it's a deal breaker when it comes to dating. other deal breakers: personal loans, credit card debt and other person having a lack of financial luisa ragaini seizure disorders. the bottom -- literacy. the bottom line is talk about this in the beginning so it doesn't become an issue down the road. ashley: put all your cards on the disable, credit cards. lauren, thank you very much. super bowl 57 set for february 12. the philadelphia eagles look very good yesterday and they'll take on the kansas city chiefs. the eagles blew past the 49ers
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outscoring them 31-7 and niners had so many penalties called on them. the chiefs managed to eke out a win over the cincinnati bengals with that game-winning field goal in the final ten seconds and by the way, the eagles center jason kelce and the chief's tight end, travis kelce, will be the first super bowls to face off in a super bowl. watch on february 12 at 6:30 p.m. eastern only on fox. look forward to that. the dow 30 stocks and just get a sense of where the market is. we've been down most of the morn and american express, goldman sachs and verizon up on the top of the dow 30 and chevron, 3m and johnson and johnson. slightly lower and the dow itself downright about 90 points. well, we told you about san francisco's reparations committee proposing to pay long
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time black residents $5 million each. well now, california states reparations task force says their final report should be a nation-wide blueprint. leo terrell will get into that and more, next.
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ashley: comments come dais after san francisco reveals their proposal to play each black long-time resident $5 million. bring in leo material to talk about this. leo, my question is who would pay for all of these country-wide reparations? who foots the bill? >> well, ashley, you don't have to worry about that because this bill is unconstitutional. it will never see daylight as a law. i would be as a civil rights attorney, the first one filing a lawsuit in opposition to it. reparations for who? who should pay for it? i mean no one's alive are responsible for the sins of slavery. i'll tell you right now,
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california was never a slave state and this assemblyman who claims in is a national blueprint, ashley, people are leaving california. we lost a congressional seat. california is what people are running away from so we're not going to copy a plan for reparation, which is unconstitutional and illegal. ashley: you are a no go on any reparation effort at all? > i want to be very clear, y, i'm a no call. reparation is racist, unequal and a violation of the 14th amendment and it will never passed and will be challenged in court and will be defeated. save this tape. ashley: all right. leo, you've made your statement clear. we know where you stand. i want to move onto this though and talk about the push for police reform in the wake of tyre nichols death, republican congressman jim jordan says the problem is there are not enough
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"good people applying to be police officers". listen to this, leo. >> we're not getting enough good people applying because of the december barge want. i -- dec disparagement there's n a defund the police and tap on law enforcement, and you're not getting the best of the best anymore. ashley: well, the question here, leo, there were those like jim jordan saying the quality of applicants change because of the de-funneled the police movement. what say you? >> i say jim jordan is 100% collect, ashley. here's why, ever sings the george floyd death in the summer of love riots, it has been a national attack by the democratic party to go after police. in my home city right now in los angeles, they're talking about
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trying to eliminate the police. in at leeanne taxer ash la, they're trying -- atlanta, they trying to be a training station and rioting in atlanta. there's no reason, there's no motivation to become a law enforcement officer. most people, and especially people of color, want law enforcement. they protect us. 94% of law enforcement officers are great. a few rotten apples, we need to get rid of. the bottom line, ashley is there's no motivation to become a law enforcement officer because the democratic cities, prosecutors and politicians don't support them. ashley: 20 seconds, leo, how does something like the tyre nichols story happen? you see the video, it's sickening. how does that happen? gooey, goes back to what i said. i said it before, 97, 9 #% of the officers -- 98% of officers are great.
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like any profession, there's rotten apples in the system that need wiped out. the problem is this, it is hard to break the code of silence and report bad officers. until we have a good system to report on bad officers without retaliation, that is going to continue unfortunately. ashley: absolutely. leo terrell, great stuff as always, leo. thanks so much for chatting with us today. do appreciate it. >> thank you, ashley. ashley: we'll have a quick look at the markets too. thank you. a couple of days left in january. we've had a strong january for the markets but now we're thinking alaska the fed this week, earnings and jobs report friday and little more caution today. the dow off a third of percent and nasdaq down about 1.5% there acts and s&p eighth tents of a percent. it's been that kind of day. now it's time for monday trivia question, it's a good one, i think. how many stars reason the european union flag? i know you don't spend much time
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counting those. 8, 12, 16 or 20? i'm going to find out if lauren simonetti knows the answer right after this.ag ai♪ .i' m . . we all know that words have power. they set things in motion and make us happy or sad. but there's one word that stands out, because when people say it, lives are changed. it's not a big word. it's itsy bitsy. it's only three little letters. but when you say it,
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the life of a kid like me can be changed. so what is this special word? it may surprise you. it's yes, yes, yes, yes to becoming a monthly supporter of shriners hospitals for children. that's right! your monthly support allows the doctors and nurses at shriners hospitals for children to give the most amazing care anywhere and change the lives of kids like me and me and me. because people like you have said yes. now i can play football and i can play catch and i can walk. so what do you say? will you say yes? right now? it's so easy. all you have to do is pick up the phone or go to loveshriners.org right now and say yes. when you say yes to giving just $19 a month, only $0.63 a day. we'll send you this adorable love to the rescue blanket as a reminder of all the kids
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you're helping every day. my life is filled with possibility because of the monthly support of people just like you who call the number on your screen and said, yes, yes, yes, yes. your yes is making a difference in my life and the lives of so many other kids like me. thank you. thank you. thank you. thank you. thank you for giving. please call or go online now. if operators are busy, call again or go to loveshriners.org to say yes right away.
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♪. ashley: all right. we asked, how many stars are on the european union flag? you said, who cares? let's take a guess. there is eight, 12, 16 or 20. i know lauren's a bit of an eu
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nerd. she knows everything about the eu what is the answer, lauren? >> i was vase lating between 12 and 16 but my final answer is 12. ashley: i told you. you are a star. the answer is 12. but here is the classic thing about this the 12 stars do not have anything to do with the number of member countries. the eu says the gold stars, quote, stand for the ideals of unity, solidarity, harmony among the peoples of europe. in other words it has nothing to do with the number 12th. that is classic eu. leave it at that, lauren. markets heading lower on this monday. dow, zap, nasdaq as you can see, the nasdaq is moving lower. that is all for "varney & company." "coast to coast" starts right now. neil: there are big weeks and then there are really big weeks and for investor

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