tv Varney Company FOX Business February 6, 2023 11:00am-12:00pm EST
11:00 am
home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthly mortgage payments and puts tax-free cash in your pocket. call the number on your screen. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - just like these folks, aag can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. - it's a good thing. - why don't you get the facts? like these folks did. - [narrator] call right now to receive your free, no-obligation info kit. call the number on your screen. -- >> chinese will always treat us like fools and they're laughing
11:01 am
because they know we'll never do it. >> the talk is not helpful and being serious about china, that's helpful. it's almost become like a wiley coyote cartoon this administration profound disregard and contempt for our sovereignty. >> we'll see if the president modulates to that reality and the democrats and american people can decide if they do that and that's an appropriate message they want to embrace. >> new cyclical bull market started. however, we do believe that the market could be a little soft here in february given the big move in january and everyone now seems to want to push out the recession, but what about the recession if it doesn't even happen. stuart: i'd forgotten for a moment it's monday and that's why midtown manhattan is deserted. you don't woman to cork on a
11:02 am
monday or -- come to work on a monday or a friday. it's 11:00 eastern time and it's monday, february 6. quick check of the markets and we're still on the downside. not as bad as it was half an hour ago and dow up 111 and nasdaq down 81. now this, universities across the country are imposing a strike jacket on their students to get a job, a grade, and graduate. increasingly students have to demonstrate a commitment to equity and social justice. academic performance, that take as backseat. example, at berkeley, california, they wanted to hire five faculty to teach biological sciences, all applicants had to attach a 200 word statement of their social commitment to social justice. 894 applied, 680 were eliminated immediately because their statements were not considered acceptable. no other credentials, academic
11:03 am
or otherwise were considered. they could have rejected an einstein. getting a job can seem like navigating a mine field. for example, to become an editor at the harvard law review, applicants are strongly encouraged to prepare a statement "to identify and define aspects of your identity including but not limited to racial or ethnic identity, socioeconomic background, disabilities, physical, intellectual, psychoi can't telr other". there's more but i don't have time to read it. do you think all those forced statements will be sincere? no, get out of here. we're encouraging cynicism suppressing intellectual achievement. disgraceful. third hour of varney starting right now.
11:04 am
stuart: we have a special guest on the show with us this morning. douglas murrey has been saying for a long time what i just said, i consider forced speech the direct opposite of free speech. i know you're with me. >> yes, it's forced speech, forced behavior and everyone has to lie like the church in the middle ages effectively. you've got to jump through a set of doctrinal hoops to get further in your profession. you can lose an einstein this way. stuart: of course. >> plenty of people just don't have the right boxes to tick in this new era. let's say they haven't got a history of mental illness, poor them. their heterosexual, poor them. and so on and so forth. plenty of people just don't have the right boxes to tick. they will be discarded. they will be discarded, especially and also remember the other thing you might want to do
11:05 am
other than improve alienate characteristics meaning you'll be better is show you somehow ward for social justice, which just means you've been an activist. if you've been an activist and applying for school, chances are you should spend more time studying. stuart: i just wish we could see some sign that this trend is in retreat. but it's not. >> the problem is it's in retreat ideologically but not institutionally. ideologically it's on the back foot, plenty of people have come out and said many things i've been saying for years, a lot of this sort of equity, social justice-type and struggling to defend their position and it's one reason why they never do. you can never get the proponents of this ever to come and debate for instance even. the problem is institutionally america is full of this stuff and the challenge for america in the 21st censure reigns leading is do we want to play this unwinnable game or want to be a competitive economy on the world stage with competitive economics, with competitive people in every single field in the industry?
11:06 am
my challenge is even if you manage to do all of this equity and nonsense, would you beat china? i think the answer is absolutely not. stuart: i agree with you on that. outrage from some teachers in new york city being fired over the covid vaccine and outrage that had migrants are able to attend school withs no proof of vaccinations at all. watch this please, roll it. >> it'd it's insane. safety of all new yorkers. you can't have one policy for one group and another policy for another group. >> what they are doing is completely dividing the people. you have families that have had to make these choices and here it is now being rubbed in the faces of actual taxpayers. stuart: yeah, it's a complete division, isn't it, douglas? >> yes, you can actually have double standards it turns out. you really can. the reality is that migrants of course are not tested for covid,
11:07 am
covid is not -- you've still got to show covid vaccination evidence if you come into america than if you come in illegally. if you come in legally, you get punished. if you come in illegally, that's the best way. i wrote about this in the new york post a bit last week, seeing this with priority for accommodation for the city like the one we're in. priority for come disagreement is not given to the -- accommodation not to the homeless of new york but the illegal migrants. this was at the hotel up the road the other day and the most important double standard is the one i'm teaching. around 2,000 people involved in teaching and schools in the new york area lost their jobs because they wouldn't have the covid vaccine. so those people made a decision whether you agree with it or not, but it was a life-changing, career-changing decision on a principle. here you have a totally different principle applied to people so long as they're in america illegally. i don't know how long these things can sustain for. my fear is an awfully listening
11:08 am
time. stuart: total double standard. hold on a second, douglas. i have lauren with breaking news on the vaccines. lauren: new york city mayor eric adams is announcing that effective february 10, vaccination for covid is optional for city workers. he says more than 96% of city workers are already fully vaccinated and more than 80% of new yorkers are fully vaccinated. it is not a requirement to work for the city starting february the tenth. stuart: anything on this, douglas? >> it was sort of inevitable because you can't lose a number of city workers they've lost and have serious job deficits in the city for major positions. you just had -- something had to give and pleased that mayor adams caught up with the reality of life for many new yorkers. stuart: douglas keep pounding the table on education. we always appreciate that. pound away, baby. thanks very much. let's go back to the markets, please. i see red ink on the left hand side of the screen looking at overall market. dow is down about 70 points at this stage. adam johnson with me this
11:09 am
morning. how are we going to get out of this rut because i think we're in kind of a rut on the market? >> actually, stuart, i'll take the other side and say i think we're getting out of the rut thanks to the two ease of earnings and employment and we have to recognize the playing field has changed and until then we'll be stuck in a rut. computers driving the action and not just smart people sitting around a table trying to make decisions. that's what's holding us up. stuart: what do you mean computers are driving the action. >> well, stuart, any number of studies even from the new york stock exchange suggesting that 60 to 80% of daily straying activity is being done by -- trading activity is being dengue computers and in the current earnings season, practically any naming company will come out and first headline will be x, y, z company misses estimates by 3% and stock down 10% but raises guidance and suddenly the stock is up 5%. oocomputer was reading the headline and putting in automated trade and has to
11:10 am
reverse the position based upon the next headline and that's what i'm talking about. until we recognize that's what's driving trading right now, we are as you say caught in the rut but earnings and unemployment is r making up for that and that's taking it up. stuart: that was a powerful jobs report on friday, 17,000. >> i've been doing this a long time, stuart, i've never seen a jobs report -- i know some of the nay sayering say seasonal factors and smoothing this and that. it was a powerful, powerful jobs number and speaks to the re-sill generals of this -- reigns resie of this economy and i as a money manager am 100% invested and last year was noise and we've gotten past it. stuart: all right. adam johnson, the calming voice from wall treat. we like that . thank you, adam. we have stocks that are genuinely moving big time. activism blizzard. microsoft wants to buy them. lauren: right, for $69 billion. last week the eu said we're
11:11 am
objecting to this and the uk objecting too and the ftc already has. that's three agencies saying no go. microsoft needs to twist someone's arm in europe and make concessions to green light the deal to the ftc, which is soon to block it can get on board. separately activision is down today and report after the bell today. looks good. sales are expected to grow by 2% in the quarter. stuart: but the stock is down? lauren: yes, it's down -- will grow by 28% but it's down by almost 4%. stuart: that's a chunk. tyson foods. lauren: beef prices down 8.5% for consumers and bad news that's hurting tyson's margins and their profits in the quarter fell by over one-third to $316 million to much less than they made in the prior quarter. that stock is down by 4 pester. stuart: 4%, okay. amc. lauren: you're going to like it. the cost of a ticket will be
11:12 am
based on where you sit in the theater. the line of sight with the big screen so if you're maybe not really interested in a certain movie or want to save money, you'll go sit far and buy the cheapest seats. there's going to be three tiers and available for showings after 4:00 p.m.. i don't know the prices though. stuart: the worst seats are the ones right at the front. lauren: where the kids want to schism fine, sit there but you'll change your mind. stuart: i get seasick with all the action on the screen. a new poll shows 41% of us feel we are worse off financially since president biden took office. ouch. transportation secretary pete buttigieg however says our economy is extraordinary. his word. we'll see what steve forbes has to say about that . he's on the show. over 2,000 people are dead after a massive earthquake rattles turkey and syria and one of the strongest tremors in that area in more than 100 years. full report coming up. china owns nearly 400,000 acres
11:13 am
of u.s. farmland. much of that property close to the military bases. should we restrict beijing buying that farmland? kt mcfarland on that, next. ♪ thanks to a deluge of new government subsidies. and while that may not be the best use of your hard earned tax dollars, it does give you a unique opportunity to invest in the mega-trend, even in a down market call today. to learn more about this space and get my number one stock pick to receive your free report. how to cash in on the solar energy boom. call 18778226036 or visit solar boom investor dot com. >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right.
11:14 am
we went to safelite.com. there's no one else we'd trust. their experts replaced our windshield, and recalibrated our car's advanced safety system. they focus on our safety... so we can focus on this little guy. >> singers: ♪ safelite repair, safelite replace. ♪ ♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. hi, i'm sally and i lost 52 pounds with golo in a year and a half. i struggled with my weight for a long time due to my thyroid issues but since being on the golo plan and taking release, the weight has not come back. (upbeat music)
11:15 am
we were blown away. (chuckles) legacy is really, really big at howard university so it's really a special moment to know that i had a family member who over a hundred years prior have walk these grounds. liberty mutual customizes your car insurance so you only pay for what you need. with the money we saved, we tried electric unicycles. i think i've got it! doggy-paddle! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
11:16 am
municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. 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. 1-800-217-3217. that's 1-800-217-3217.
11:17 am
11:18 am
mill. the location is only 12 miles away from the grand forks air force base. that's home to u.s. intelligence, surveillance, recognizance units and top secret drone technology and the land acquisition, stuart, raised enough red flags that the u.s. air force sent a letter to north dakota senator saying "the proposed project presents a significant threat to national security with both near and long-term risks of significant impacts to our operations in the area. chinese ownership of u.s. farmland, it's growing and leapt more than 20 fold in a decade from $81 million in 2010 to nearly $1.9 billion in 2021. >> what is america doing to pay attention to the chinese spying apparatus? human intelligence, geospatial intelligence, signals intelligence, buying up farmland outside of military bases, it is a very specifically designed spying apparatus with the
11:19 am
purpose of making china stronger, gathering intelligence on america, and ultimately making america weaker. all plays into that. >> many say the farm related acquisitions jeopardize our domestic food supply chains and now republican representative elise stefonk and mike rounds are leading a group of bipartisan lawmakers to prevent china and other foreign adversaries to buy into land or businesses that involve u.s. agriculture, stuart, stuart: got it. thank you, lydia. kt mcfarland with me nowment should we restrict or ban china from buying our farmland? >> yeah, should be a no brainer. you know, not only as you point out is it close to military bases and the opportunity for surveillance on our military personnel, what's going on at those bases and military equipment, but also food security issue. it's one of china's biggest problems and historically had real problems feeding its people. why should we let them buy
11:20 am
american farmland to fix their problem at our expense. should be a no brainer and national legislation, state legislation, they should not be allowed to scoop up american farmland especially near critical military facilities. stuart: forgive me, kt, i have the raise the issue of the balloon and intruding onto this week as well as last week. now the white house says three chinese balloons flew over the u.s. during the trump administration. now, president trump and former officials say that absolutely is not true. watch this, please. >> well, it's not true. i can refute it. former secretary of defense mark esper refute it had yesterday and former secretary of state mike pompeo refuted it. every time something goes wrong with the biden administration, there's one of two responses, they find a way to blame the trump administration or find a way to say the trump administration did it too and that's what they're trying to say here. it happened during the trump
11:21 am
administration, it didn't. you would have heard about it before. stuart: okay, kt, you worked in the trump administration. did you ever hear of these balloons flying around? >> no, and in fact in the last couple of days, most of the senior officials in the state department and national security counsel and community defense department, we've all been talking to each other. did you know anything about it? no, did you? none of us knew. there's only three possibilities you can come -- three conclusions here and either the defense department is lying about what happened during the trump administration or number two, the military -- at the time of the trump administration knew and decided not to let the civilian leadership of all the departments know about it. or number three they didn't know about it and they only recently got the technology to figure out that it did happen in previous administrations. all three of those are real problems. either it's incompetence or political compromise or frankly
11:22 am
it's we don't have the technology and we've now had the chai these invade american air space and we're not worried about this? it's just for a trillion a year, we need to have a better military and a better intelligence service, fast. stuart: okay. i won't interrupt that. how do you think china night respond to the shooting down of the balloon? think they'll start buzzing our planes or threatening taiwan again? >> who cares what they're going to do because the real problem is what are we going to do about it? i mean this should be a sputnik moment. we should understand that the chinese are not to be trust in any of this and what we need to do is increase defense spending, fix the pro problems in the asin military and number two, probably double rnd spending and don't let them buy american farmland and secure the supply chains and understand this should be a whole society, whole government approach to protect the united states national security now and in the future. stuart: my goodness me, this balloon stirred up the hornet's
11:23 am
nest and still making headlines. kt mcfarland, always a pleasure. thank you for being here, see you soon. >> thanks, stu. stuart: now serious subject here, more than 2,000 people are dead after massive earthquake, i think there's two of them actually, struck turkey and syria. ashley, the latest, please. ashley: yeah, the bbc has it at 2,300 now and 150 in turkey, 800 at least in syria and that number as you can imagine continues to climb with thousands more trapped and injured. the initial tremor of 7.8 hit central turkey and southern turkey and northwest syria in the early morning hours, collapsing buildings, burying residents under all that concrete mangled metal. a second tremor, 7.5 reported soon after the initial quake and the race onto try and rescue those trapped while authorities
11:24 am
are urging residents to stay away from the damaged willeddings and thousands of buildings have collapsed and the rescue effort could be hampered by bad weather, heavy rain, temperatures in the 30s expected going on now and in some areas, heavy snow could also fall so it's a race against time. the u.s. has already said it is ready to provide any and all needed assistance to both turkey and syria, stu. stuart: thanks very much, ashley. let me go through now a quick programming note: two episodes of american built air tonight. here's a preview of the alaska highway, roll tape. >> this is upward mobility of the greatest -- one of the greatest construction achievements of the 20th century. >> an epic mission on an impossible time line. >> huge open expanse on a wild country and no maps. >> it's about as remote and impastramiable as there can possibly be -- impassable as possible. >> 1600 miles and army wanted to
11:25 am
build it in eight months. >> constant danger and brutal conditions and enemy on the horizon. >> enemy soldiers marching down the road. >> legendary and dangerous all at the same time. >> these guys are out there and they're expendable. >> how u.s. troops built the alaska highway. stuart: that really is a terrific story. the alaska highway, and it's on tonight, the 9:00 p.m. eastern and at 9:30, we produce and show the babe ridge, that's 9:30 all tonight on fox business prime. now this, migrants reportedly ditching new york city and boarding buss to canada. guess who's paying for the tickets, you are, the taxpayers. full report. here's a headline, the media is accusing republicans of taking the country hostage with the debt ceiling. congressman tom emmer is the house majority whip and he's here to respond to that, next. ♪
11:26 am
you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need
11:27 am
to bring out the innovator in you. ♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation.
11:30 am
♪ stuart: they're playing abba and while playing abba, you're looking at las vegas. susan: they had a brand new album, which was nominated for album of the year last night at the grammies. stuart: it was. susan: first album in 40 years. stuart: glad you were here to inform me. stuart: 52 in vegas right now. looking at movers and starting with dow industrials down 50. look at ev makers across the board. susan: i'm looking forward to american built episode on vegas as well. ev makers, $52 million discounted stock sale by wal-mart invested electric startup canoe and now trading a little over a buck and sold at $1 a$1.25 and at risk of becomia penny stock and canoe is raising cash because it's low on cash right now. not a good problem.
11:31 am
also we had lucid bringing a ton of money around $2-$3 billion a year, which is why the stock spiked on rumors of the saudi pension fund might have to buy the other 35% that doesn't already own rivian cut 6% of work force again last week and elon musk is saying see, i told you that making electric cars is not guilty easy and tesla -- not easy and tesla got second price target hike this morning and rbc call it is a 223 stock and web bush said worth $225 this morning and tesla up 24% this year. science there's going to be a shake -- stuart: there has to be a shakeout amongst the ev makers. susan: and who has deep pockets to back them up. stuart: deals on the table in susan: yeah and the markets best performer is s&p is one getting a takeover from danaher making life science devices like air pew firs, et cetera. no specifics on the deal and it's a 70% premium and close to
11:32 am
$17 billion offer here. newmont by new crest and $17 billion all stock deal being put on the table and public storage buying life storage and what does this tell us about the markets a what you wanted to ask you? tell you that people are saying, okay, it's better than expected. maybe with china reopening time to deploy cash and get throughout and be aggressive and maybe interest rates won't go up as much so we can afford to buy some of the companies. stuart: one more before i try to answer your question, what's spotify? that's not a deal. susan: no, but upgraded with wells fargo calling it overweight and wells saying 180 and here streams spike after the grammies. last year-over-year's big winner john -- year's big winner john baptiste spiked by 2,090 afterwards. stuart: it's a sign for the market when a lot of big deals are being made. got your cash, put it to work.
11:33 am
susan: heard of a uk performerer named harry styles? stuart: my granddaughter is an adorer of harry styles and went to his concert. got to move on. food prices up 10% in the last year. ashley, any idea how people are trying to get a handle on grocery bills? ashley: well, apparently they're ditching the traditional super market and could be a sign of inflationary times as sky high grocery bills have hit the consumers like all of us hard in the pocketbook but over the past year food prices overall up more than 10% and egg prices up 60% and lots of stories on that. butter 31% and on and on. now a new report by core sight research says one in five consume herbs, 20% now buy theis at dollar stores, dollar general
11:34 am
and dollar tree owning family dollar adding stores and remodeling with more refrigeration units and expanding grocery offerings. really interesting. and experts say it'll be a tough time finding items that cost just $1. that's not reasonable and fewer options though than traditional super markets but interestingly dollar stores are the fastest growing food retailers. that tells you everything. stuart: sure does, yeah. got it, thanks, ash. take a look at this. series of headlines here all about the debt ceiling, all claiming that the gop has taken the country hostage. read them on the screen, the new gop takes the country hostage with debt ceiling et cetera, et cetera, et cetera. house majority whip is tom emmer and he joins 34 now. congressman, your party is said to be take the country hostage, what's your response to that? >> it's another false narrative by left wing.
11:35 am
kevin mccarthy and republican majority in the house are doing nothing more than what the american voters elected us to do, that is to work with the administration, not to default on the u.s. debt, but to make sure that if we're going to protect the debt by raising the debt vealing that we put in -- ceiling that we put in place reasonable, some sensible, responsible fiscal changes so that we cannot only ensure the process parity this country is supposed to provide to the current generation but generations to come. stuart: i've had several people on the show suggesting that the republicans in the house will cut waste dramatically. okay. cut waste dramatically. will that be enough cuts to do what you really want to do with this budget? can you get -- can you just eliminate waste and that does your job for you? >> i think it'll be more than that. this has to be one of the thing where is we sit down with the administration, which kevin mctar think did for the first
11:36 am
time last week. stuart, when this started the president said absolutely no negotiation. not going to sit down and talk to anybody. you're doing it my way or the highway and that changed last wednesday when the president said to kevin mccarthy, come on in, let's talk. you show me your budget and i'll show you mine. well, by rule i believe of the house stuart, the administration and president biden is supposed to have his budget out today and under that same rule then republicans in the house have six we weeks within which to produce ours and the president said he won't put a budget out till march. we'll follow suit and follow the rules and six weeks later you'll see the proposal, but the focus seems to be on cuts. it should be about efficiencies and looking at waste. it should also be looking at the future when we talk about the programs that matter most. let's put this thing on a path to sustainability. when you're spending $1.29, stuart, for every dollar you're bringing in, it's not sustainable or responsible.
11:37 am
stuart: the president's state of the union address is tomorrow night and will this serve as president's reelection campaign klotz he's not super popular with democrats at this point. >> i don't think he's running but desperately trying to avoid being the lame duck president he already is and assume for a second he's planning on running. what's he going to ron on, stuart? double digit inflation we haven't seen in 40 years? gas prices that are still up 50% over what they were when he took office? the grocery prices you just reported on, i've decided i'm going to buy my wife eggs for valentine's day, it's the most expensive thing i can find. what is he going to run on? two years of failure so far. republicans again are poised to work with this president on the debt ceiling and spending reforms to put this country in a much better place. that might be a win for all of us. stuart: congressman tom emmer,
11:38 am
thank you for being with us and come back soon. >> will do. stuart: the eagles may have sealed their fate in the super bowl. what they just did that has soup superstitious fans worried about the game. a hospital in arizona on the brink of collapse of spending $26 million to treat sick migrants. who's on the hook to pay those bills. we'll tell you, next. ♪ ♪ we all have a purpose in life - a “why.”
11:39 am
maybe it's perfecting that special place that you want to keep in the family... ...or passing down the family business... ...or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? ♪
11:42 am
11:43 am
new poll shows 41% of americans feel they're worse off financially since president biden took office. transportation secretary pete buttigieg says our economy is extraordinary. watch this. >> what we're see asking extraordinary. record job re-uation as the president pointed out more created in two years on his watch than in four years on any other president's watch. usually when unemployment goes down like this, inflation goes up. right now inflation is going down as well. stuart: thank goodness steve forbes is with us this morning. is the economy extraordinary? >> yes, and the new york jets are in the super bowl and, no, it's all fantasy land or back in the great depression when herbert hoover said prosperity is just around the corner and manufacturing is in trouble, services are in trouble, and wages are not keeping up with the rise in prices, especially
11:44 am
food prices so all this happy talk, people can look around and say what are you talking about? every time they go to the grocery store they see this is not true. stuart: it's obvious it comes right at you. do you remember -- you remember, i remember, it was october of 1980, it was debate between president carter and the candidate ronald reagan and reagan turned to carter and said are you better off now than you were four years ago? that won the election right there. you can say the same thing now, are you better off now than you were two years ago and the answer is no from 41% of the people. >> and it's even worse in terms of do you feel the country's headed in the right direction? most people say no, they've got a bad feeling about it. not only the economy, national security, things don't seem to be under control. every time biden comes out with one of these shall we say less than factual statements, people just undermine trust and don't believe the guy. stuart: treasury secretary janet yellen is signaling that a
11:45 am
recession is not coming. watch this please, roll it. >> you don't care for recession with 500,000 jobs and the lowest unemployment rate in more than 50 years. so what i see is a path in which inflation is declining significantly and the economy is remaining strong and really that's a path i believe is possible and it's what i'm hoping we will be able to achieve. stuart: does she have a point, a half million new jobs just in december, lowest unemployment rate in 40 or 50 years? that doesn't sound like we're going into recession, does it? >> well then look at business investment, what people are doing with their credit card debt, you look at mortgage rates, which have come down for awhile, now starting to inch up again. ggasoline prices look to be goig up and gasoline and oil production in the country not what it should be meaning higher prices in the future.
11:46 am
if you don't have investment, consumers still feel their prices are still outpacing their pay, guess what happens: you have a slowing economy and the key thing businesses don't really believe, they are still trying to higher people because they can't meet current demand but that can turn on a dime and very quickly. that's what she doesn't get in terms of the job thing. companies are doing less temporary hiring, not a good sign. with interest rates, costs have gone up to finance inventories going up. what does she think is going to happen? all this happy talk will just set them up for a very rough 2023 later in the year. stuart: i'm going to leave it right there. rough 2023 later in the year says steve forbes. thanks for being here, steve. always appreciate it. one hospital in arizona is on the brink of collapse. it spent $20 million caring for sick migrants. ashley, come on in, please. is the hospital getting any help to pay those bills? ashley: no, they are not, stu. unprecedented surge of nonpaying
11:47 am
migrant patients pushing border hospitals into financial hardship. on "fox & friends" weekend, the ceo of yuma's regional medical center in arizona explain that had the funding is running low and no one has an anxious apparently. answer apparently, watch this. >> we've talked to everybody. we've talked to the state, we've talked to our u.s. senators, we talked to our congress people through our legislative staff. we've reached out to secretary mayorkas. we just don't have payer source. everybody is sympathetic and everybody lends a listening ear but nobody has a solution. ashley: yeah, no one is doing anything about it. the ceo ace as you pointed out, stu, over a six month period, the hospital provided over $20 million in uncompensated care, free care to migrants crossing the border and says the hospital is okay for now, it's coping but the financial strain is growing as it provides free care, especially in the maternity unit that has reached
11:48 am
capacity. on a weird side note, i've been to this hospital and had food poisoning once and was in there and they gave me great care and, yes, my insurance paid for it but they're struggling right now, stu. stuart: that's a sad story indeed. migrants are ditching new york city and they're heading to canada. yes, it's all being paid for with taxpayer money. the new york post reports that the national guard will give bus tickets to migrants that want to travel to up state new york. they can then pay for a private shuttle bus or a taxi to the border. migrants who spoke to the post say they thought new york was just not safe. all right, show me the dow 30, we always like to say gives you a syngas of the market. sense of the market. have we got it? no, don't think we have it. a story about wind farms -- wait a second, what else do we have? no, we're doing the dow, it's down 88 points as we speak, that's one quarter of 1%. let's do wind farms.
11:49 am
11:50 am
ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.
11:52 am
hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen.
11:53 am
serious allergic reactions may occur. watch me. ♪ stuart: yeah, get ready indeed. that's glendale, arizona, where the super bowl will be played on sunday. this was sunday afternoon, the eagles arrived about an hour after the chiefs. eagles are considered the home team and chose green jerseys and has superstitious fans worried and last 15 out of 18 super bowls were won by teams wearing white jerseys. the last two teams to win in nonwhite jerseys are playing each other this sunday. superbowl 57 airs sunday, february 12 at 6:30 eastern time
11:54 am
only on fox. now this, new concerns that wind farms could kill fragile fish populations off the east coast. molly line in centerville off cape cod, how would turbines hurt the fish? reporter: there's cables here from cape cod coming a ashore and part of the wind program and the overall east coast wind boom is well underway and talking about fragile ecosystem and a number of environmental concerns, the broad worry here is the multitude of projects, the many, many projects and the overall impact. cables from the deep waters off cape cod are being pulled onto land as the vineyard wind project moves swiftly forward. it's another sign that the east coast offshore wind boom is underway. even as concerns are raised about how to balance various environmental interests as a multitude of projects advance.
11:55 am
the south fork offshore wind farm, new york's ever such project is slated to begin making power by year's end. advocates for the fishing industry fear the place of employment of the farm and its dozen turbines will further harm the already severely depleted population of southern new england atlantic cod. >> our concern is what is that going to do to cod spawning? now, cod have very complex courting reichel if you will -- ritual if you will, and it's unclear whether building projects there and installing a turbine there will interfere with that process. reporter: a spokesperson for south fork developer orsted notes the company has taken action to specifically minimize and mitigate potential impacts to important fish spawning areas, in particular the cod fish, including reduce the number of turbines plus delayed pile driving and adjusted cable insulation to avoid spawning season and areas.
11:56 am
i vineyard wind boasts bigger scale with 62 turbines planned and facing critics and concerns about sea life, but they've announced a collaboration with the cambridge-based research firm to help protect marine mammals and ships and fishing gear. stuart. stuart: molly, we got it. thanks very much indeed. time for the monday trivia question, here we go: who is the youngest grammy award winner ever: blue ivy, that's beyonce's daughter, leah pison, leeann rhymes. the answer after this. hi anna, n is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!!
11:57 am
please ignore that. td ameritrade. award-winning customer service that has your back. our ancestors had power, our ancestors had hope and our ancestors had ambition. born in 1847, formally enslaved, started buying land, was in the house of representatives. we didn't know our family was part of black reconstruction. exactly. okay, seriously. . . permex petroleum is leading the charge in the prolific permian basin with an attractive portfolio of oil, natural gas, and royalty assets. with expanding drilling operations and plans to uplist to the nyse, permex petroleum is poised for growth. say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows.
11:58 am
try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod. (lighthearted music) - "best thing i've ever done." that's what freddie told me. - a person like me needed to get a reverse mortgage to change my life. it was the best thing i've ever done. - really? - yes, without doubt! - [tom selleck] joanne said just about the same thing. - it absolutely is the best thing i ever did. - jack put it a different way. to him, it was about having his grandkids over. - you want to have the kids over, you want to have the grandkids over. - yeah. - you want to have the family over. you want to say, "this is my place." - great people, different people. that's for sure. and all of them had different reasons for getting a reverse mortgage. but you know what? they all felt the same about two things. they all loved their home, and they all wanted to stay in that home. - [announcer] if you are 62 or older and own your home, find out how you could access your home's equity
11:59 am
to give you cash now. and when you need it in the future. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments. it could also pay off higher interest credit cards, medical costs, and give you some extra cash to help your retirement lifestyle. - i don't have any anxiety about money anymore. - it allowed me to live in my home and not have to make payments. - a whole lot of families have gotten tax free cash from a reverse mortgage loan for a better retirement. - i don't have to worry about a mortgage payment every month. - it's a good thing. - [announcer] call right now to receive your free, no obligation info kit. the kit will show you how you may get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - look, why don't you call aag and find out what a reverse mortgage can mean for you? - [announcer] call aag, the country's number one
12:00 pm
reverse mortgage lender. - call the number on your screen. ♪. stuart: well we did ask who is the youngest grammy award winner ever. ashley, you and i. so you start. >> we're in big trouble, stu. i have no idea. but blue ivy. go for number one. stuart: so will i, because i think that blue ivy is the daughter of beyonce. i'm not sure the pronounciation of that. she won a grammy when she was eight years old. how about that? >> wow. stuart: time's up for me. "coast to coast" starts now. ♪. neil: what is when does this tailspin end? india's government desperately looking for a bottom. usually when a company's
48 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on