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tv   Varney Company  FOX Business  April 6, 2023 10:00am-11:00am EDT

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stuart: mess around? wasn't that the show with john candy? uncle bob? uncle buck. nasdaq down 170 points and 10-year treasury yield down at last count 3.29%. oil is hovering around $80 a barrel and there's a gas spike especially in the midwest. bitcoin not much of a change. now the markets to it. you can't put it much more bluntly than this, an op ed of the new york sometimes of all places and the trump indictment is a legal embarrassment.
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the writer wrote "the case is baseless on the matter". to a have weak and tirelessly case dominate our political culture is indeed a national embarrassment. the judiciary is just like the third world. this is what the rest of the world sees and america, which claims to be the safeguard of legal neutrality, mired in the dubious prosecution of former president hawaii else do they see? an aging president that stumbles so frequently it's almost the norm and laughs off politicized legal system. a vice president that giggles her way through interviews. foreigners look through 80-year-old joe biden and pray we don't get harris. from there on out, we've been branded as weak since afghanistan. that's the way we're viewed in russia and china and no wonder they challenge us at every turn and when folks from overseas visit america, they see the
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homeless. what were once beautiful cities and showcases of what america can do now disfigured by fity encampments. rrandom crime and crazed drug addicts scouring the streets. they're scared and here we are prosecuting a former president because new york radicals don't like him and the damage alvin bragg is doing to america is rippling throughout the world. second hour of varney just getting started. stuart: douglas, you've got a foreign accident. how does the rest of the world see us? >> depends where you are. they've covered this in a huge way and they're surprised and look at press coverage of
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britain and france or elsewhere, i think on the one hand they're double figures cent and donald trump's reputation is not high and some are june lent about that and most are derived jubilant and take another democracy of indictment of a former leader of israel and former president was accused, prosecuted and convicted and elmore prisoned for rape. enprisoned for rape. he went to prison and most are looking at this thinking this looks like a kind of cooked up thing. in my opinion, it is. more interest asking what are the rivals and competitors and opponents thinking about it? that's clear from the chinese papers and russian papers and they're very pleased about this and this is the great thing about china in the country and here in america they're so much time on this and alvin bragg trying to take down donald trump
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and trying to find 16 years ago and the meantime china is buying everything up. stuart: it's a culture we've caught ourselves in in america. >> in the end it's a political gain and overtaken how the necessity of what we should be doing in the century if we want to stay competitive and want to stay ahead. >> a perfect thought or idea or progressive and doubled down in the cities on sanctuary policies and he's a union game stuart: it's astonishing that 55 schools in shirks not a single student is proficient at math or reading and here we've got a teacher's guide coming in who will -- he won't change anything. don't parents -- aren't parents concerned about the performance of their children as opposed to the performance of the teacher's union? >> yeah, but parents are forever being gas lit by the people who
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come in like this. there's forever from the teacher's union and there's this claim that they want to focus on something big and international global affairs as randi wiengarten would like to shatter the secretary of statement all the time deflecting from the appalling education standards in the world and there's a reason for it. it's improving education standards in america and it's tough. it requires a lot of dedication and a lot of time and a lot of admission of failure up till this point and none of these guys want to do that. that. stuart: that's school choice. what's wrong with that? brandon johnson not introducing school choice into shipment >> no, one place that could use it the most it. is city after city in america and san francisco and odd case and recent years as you
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remarked, it's san franciscoization of everything and chicago, new york, doesn't matter where you look, does it? it's every single major cities is leg the same way as dc, the tent encampments didn't used to be the case in the capitol till a few years ago and persuaded to think it was totally normal and completely normal to have people lying on the sidewalk every r. it isn't and tourists arnold the world look at -- around the world look at this and wonder. stuart: they do. >> what's happening. this looks like something rotting from the center outwards. how nicely put. thank you, we appreciate it. telling us the truth and one democrat and state lawmaker just announced she's changing parties and ashley is back with us. who is it and what does it mean for that state?
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ashley: interesting development. representative tr tricia carthum winning in a very crowded democratic primary and she says the democrat party doesn't want someone like her. watch this. >> i thought of being independent thinker in this world of cancel sul culture take over the democratic party doesn't want people like me or anyone who has free thought, independent thinking and who's here to govern and improve our state. stuart: she switched affil affiliations and has changes and accepting diverring viewpoints and there's a -- differing viewpoints and the democrat veto and amounted to bullying from the democrat colleagues and finds the party unrecognizable
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and after north carolina governor roy cooper called cotham's decision disappointing. stuart: it keeps the republicans with a super majority in the house in that state and absolute control. thank you very much. for you, gas prices at cost coso are so low the company is struggling to keep up with demand. what are they doing about it, ash? ashley: they boast, costco gas stations boast some of the lowest prices in the u.s. when you consider the price of a costco membership. i checked the cheapest rate before we came on for kasam koenen gas here in -- costco gas here in florida, a station near miami pricing a gallon of regular at $2.85. across the country there are reports to your point of costco filling stations that are extending their hours or installing a special lighting system now that tells motorists when a pump is open. look at lines, it's remarkable. gas buddy says that membership
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cost is absorbed by filling up at costco more than 50% of the time and pays for itself, stu. stuart: back to the markets with a 100 point drop for the dow and nasdaq has come down about 100 now 34 point-blank layupses and i see read on the left hand side and is in the downturn? not much at the moment and were you expecting this? >> i'm as weary as weary can be now, stuart. we missed the whole bear market because we don't dictate to the market, we let it dictate to us. let me just give you some facts of what i'm seeing. the three month treasury bills at 4.85 with the 10 year at 3.28, the most inverted i've ever seen, which presaging economic trouble. i really do believe the job market is top, i believe the economy is topped, in the past
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week under the cover of a narrow market being led by a select few, they crumbled the economically sensitive names and the areas that do best in the strong economy and the spots at the strongest are the ones that drive when the economy is weakest and the food and drugs and utilities and call me weary. i was a big seller of stock earlier in the week and help i'm wrong and ask get back in and going into earnings season, i think the trouble lies ahead. stuart: i am told that a lot of money, literally, trillions of dollars, are flowing into money market mutual funds, especially the safest money funds. it's a flight to safety. is that what you're seeing? >> yeah, money funds, cds, and again the 10-year, which has gone from 4.3 down to 3.2. for me that's the big money in the market talking and going --
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you said it flight to safety away from risk. it's called de-risking and when i see technology getting in trouble to buy things like clock chlorox and hershey's, i'm very weary. the go away time frame and i hope i'm wrong and everything i'm see asking pretty much a declaration to me and that trouble is do not forget the higher taxes come into effect now and the massive overspending comes into effect now coming out of the economy, thank you, washington dc. i think that's going to have an effect also. not to mention what happened with opec in the last week where oil prices have spiked and everything ten-cent move in oil prices over one year time is $10 billion out of the economy and let's hope oil prices come back down but opec
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means business right now with a 1.6 million a day barrel cut. stuart: well, gary, anxio. we'll speak to brett baer on escalating tensions. the news organization was labeled a state affiliated media. broadcasting from the government. a new report shows how artificial intelligence could gain the ummer hand over humans. my next guest says we need to regulate ai now before it's too late. that's next. ♪
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stuart: large crowds in the street and riot police out there and this is a pension protest and the president wants to take retirement age from 62-64 and they don't like it. this has been going on for almost two weeks and this just in as well. rockets fired into israel from lebanon and iron dome intercepted some of them and one got through and israeli military meeting and look at timing of
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this. after passover. the price of gold is moving and no reaction with what's going on in the middle east and things are developing with a measure of tension in the world and no movement on gold and it's down. the chief technology officer at meta focusing too much time. ashley: his name is andrew bosworth and ceo mark zuckerberg included working too much of his time and that's his opinion and meta working on new set of machine tech work and allows computers to generate text and draw pictures and create other media that resembles human output and the lab division home to the meta verse technology and
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projects posted a 13.72 billion loss in 2022, which may lead you to understand why he says wait a minute. maybe we should be focusing on that a little more. he says the meta verse could use ai and in the future and you're excited about this, stu. you might be able to describe the world you want to create and guess what, ai could generate that model world for you. stuart: how about that? look at this headline, three ways to regulate artificial intelligence right now before it's too late. i got the three points for you. number one, create a new regulatory commission. number two,ed a new federal relations requiring full transparency. three, either voluntarily or mandate all content generated by ai chat bots must be identified as such. mark weinstein wrote that and he's the founder of me we, a
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global social met i don't recollecting service and joins me. if we don't do those three things, will the computers replace humans? >> you know, stuart, we're in big trouble. we're in big, big trouble and when you just mentioned about zuckerberg, we don't want to step over that . he's decided to step on the gas with ai development in competition with elon musk and musk has said that all of a sudden ai is out of control. musk is one of the signers and we've got to freeze this thing. we've got kids who starting in elementary school are using it. we've got high schoolers and college -- you can't distinguish as a teacher, as a professor whether the testing, the reports, the homework done by your students is done by them or ai. relationships, i mean, there's so much to see here when ai is affecting how we critically think most of the world. stuart, this is critical.
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ai is shaped by its designers. so when zuckerberg and team are designing ai, they're teaching it how to scrape data for the answers based on their parameters, based on what they tell it to do. so politically, critical thinking is at huge risk. stuart: that's fascinating. but my question would be, how do you control this big new extraordinary thing. how do you control it without destroying creativity? >> well, there's a question about whether ai is actually destroying creativity. think about it that way. so we've got to control it, we've got to first of all we have to make it transparent. i'm one of the signers on this letter saying we have to freeze. we got to stop development right now while we get our thoughts together on how to manage this out of control tech. remember, one of the issues with tech, as great as it is and ai
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certainly helping around vaccines and a lot of important scientific areas, but around the humanity and impact on human beings and on our ability to think for ourselves, it's devastating and it's going to change the world and you've got to stop and it's crazy. stuart: you got the complex story out there. fascinating stuff. thank you very much, mark. i want to bring ashley back in here. here's my question, ash. ashley: yeah. stuart: in general, just in general, what does the public think about artificial intelligence? ashley: well, despite dire warnings about the evil intenses of un-restrained ai, the people mostly and certainly those that spoke with fox news seemed a little more relaxed about the future kind of. take a listen.
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>> i'm not concerned even if it mimics the human brain and doesn't have the ethical or moral reasoning and when i want ai in charge of nuclear war and bombs. >> when i see businesses taking advantage and it takes over and is that definitely the robots can take over at some point in time. we have to be very weary about that. stuart: without it somebody builds a too powerful ai and expecting every single member of the human species and all biological life on earth dies shortly thereafter. yikes. stuart: yikes indeed. interesting story, ash.
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thank you, sir. stuart: the woke mob has a problem with this song from the little mermaid. roll it. ♪ stuart: kiss the girl. the new live action movie caved to the woke left, the song's lyrics have been changed to teach children about consent before you go for the kiss. brave new world and we have the story. california governor gavin newsom attacked florida governor ron desantis' anti-woke policies. is he running for president or what? we're on it.
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stuart: not that much red ink and no reaction by the way to the rocket attacks on israel. by the way, remember, this is a
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three day market weekend coming up because tomorrow's good friday, the market is closed. remember that. might be some volatility towards the end of the trading day. now this, disney's live action remake of the little mermaid making waves and famous song from the original movie has been changed. ashley, spell is out. what's wrong with kiss the girl. ashley: a question i thought you'd never ask me on the show. some license might make young girls feel they should not speak out of turn. remake version of the movie
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starring hali berry and melissa mccarthy hits theaters next month. surprised it's not titled vertically challenged mermaid. stuart: judy bloom is ripping desantis apart.part. ashley: she's calling him a tyrant and criticizing what he's allowing children to say or think. >> i live in key west and we like to pretend it's not in florida, we have the same governor. a governor who wants to control everything starting with what kids can think, what they can know. teachers are under five. librarians are threatened and
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criminalizing teachers and librarians and not just that they're threatening their jobs but they're threatening them. ashley: well, desantis is proposing a bill that has a bill for classroom sexual orientation and new proposal extending that new prohibition on teaching similar orientation and the governor signed a bill requiring school libraries to sink into the materials made available to children. stu. ashley: god it, ash. stuart: got it, ash. governor gavin newsom was in florida and said i can't believe what you're dealing with. it's just an unbelievable assault, bullying and intimidating vulnerable communities. ron desantis weakness and masquerading across the board and crawling out of my skin for you and you matter.
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>> whistled look listen to newsom, he's on a campaign for knock seizure disorders tour and going to red states trying to whip up a reaction to the governors who were there. this is really a campaign for the presidency, not democracy and trying to whip up not only a dissension in the ranks of the states but cast himself as the liberator. he says stamp out authoritarianism. wait a minute, this guy has lost 3 million jobs in california during the covid lockdown asks that's pretty aauthoritarian and there's a law in place if a child in california wants gender affirming surgery and the parents object, the state takes that child in their possession as a ward of the state. i mean, i don't know how you
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could get more authoritarian than gavin newsom? stuart: an uber liberal from california? >> two things happening here and he's putting all of his chips on the culture wars and helped joe biden during the midterms and newsom thinks it could be his pathway to the presidency and given the state of joe biden, newsom is preparing the ground work, laying the ground work for a presidential run. stuart: no doubt. the president and ceo of npr, that's national public radio and he really does not like what twitter said was labeled as affiliated media. they're state affiliate and fully funded by the united states government and it's literally in the shadow of the capitol. >> i saw it every day when i drove to work and how you can say this is not state affiliated
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media and owned voice of america and all are funded by in large part funded by the federal government. the problem is they don't give voice to all the people who are in the country. it's a very different thing. >> it's usually from one side of the aisle and it's a tra strag tragedy and typically american taxpayers are funding the bill. in some ways the invention factory would be a living monument and push beyond the limitations of others that impose on tom edison creating some of the most incredible
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inventions right here. >> people would come and offer to work for him for nothing but people would show up and they would really beg to have a position weed son. >> it's a family book and i want families to read together and most know him for the phonograph and lightbulb and you did a fantastic american built episode on this about the creation of the lightbulb. what they realize is 8 years old, thomas edison was thrown out ovicell and told he couldn't be together and was rattle brained and his mother schooled him. he probably had adhd and was deaf by the age of 12 and if not for that mother's devotion, this great not only inventor but entrepreneur, a kid working the railroad at 12 years old learning how the market creates things people wanted and he'd have never been born and we'd be in the dark and using bull horns to communicate because he
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created the microphone. stuart: what a great idea for a picture book geared towards children of what you can do. >> teaches possibility that it's not good enough and don't know enough and only his homer i'm elated by the letters i've been getting for parents. stuart: thank you very much indeed. >> thank you. stuart: public school enrollment in california has fallen again this year. ashley, how much this time around? ashley: i bet gavin newsom didn't talk about public school enrollment declining by about 43,000 students in the 22-23 school year and they lost 164,478 students and it's not surprising when you consider the mass exodus out of the golden state between april 2020 and july 2022 during covid, a total more than half a million people
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and along with the population decline, the state also struggling with lingering school closures and saw the state lose track of 150,000 students and critics say private school enrollment in homeschooling do account for some losses and we know that. it appears some students sadly have not returned and disappeared. stuart: amazing. thank you, ash. more on liv golf. rockets flying into israel from lebanon and first passover and israel's military in emergency meetings brett bayer with more on all of this, next.
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stuart: they brave the rockets werefired by palestinian rockets and this is the first day after passover they launch these rocket attacks, brett. that's highly provocative; right? >> yes, and the most we've seen in a decades at at once. it's a significant move and effort and comes as tensions around the mosque and other areas are stepping up and have to watch it closely. trey yingst has been on the ground for us and doing a great job, but it's tense there. stuart: you're a being time golfer and i want to talk about the masters and there's six
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green jacket winners that have been with liv golf and they're going to play at the masters. they've been invited in along with the pga players. it's going to be tension there, isn't it? >> they thought at the beginning of the week, stuart. turns out i talked to guys down there that hasn't been that tense. they've got along and they're old friends and there is a lawsuit that is going on between the two. and some people handle better than others and for the most part, they've been fine. there'll be a competition so touchdown catch see if the live -- to see if the liv golfers live up to the top of the leader board and if someone lives and a long way to go before sunday. master cents favorite week. stuart: i'll always watch and do you get the impression that liv golf is fading a little? they've got the money to stay around but fading a little?
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>> i do sense a bit, stuart, because of ratings on cw. it's not really taking off there. i saw some of the crowds and some of the events were small. they have the wear with all, the gun powder and money but we'll see how far it goes. stuart: can i read this to you, it's an ai generated play-by-play announcer for the masters. listen to this. 28-year-oldfrom austria, period, is going to hit from the pine straw on hole one. he took stroke two and ball traveled 162 yards into the green side bunker. how about that for commentary, bret? >> they need to work on that version and doesn't sound like jim nantes. >> no, it doesn't. it's a heart string and i love it about the grand slams and i'm
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always a fan of jordan spieth. those three are my picks but the field could be anything with the wicked weather after. stuart: the stream of e-mail comments and last time i asked you as i recall, can you still drive 300 yards and your response was -- >> yea. i can. stuart: you (&.k >> i have to hit it but i can. i can. i can step on it and maybe it's a little bit downwind but i'm in the 285 to 295 range. stuart: you're an honest man, bret baer and because of that i'll be-back watching you with rest of america at 6:00 p.m. eastern. appreciate it. i have more on this by the way. tiger woods, he teed off earlier this morning and start of the masters. jim gray is there, come on in,
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jim. >> hey, just like bret, pounded it 300 yards and got a first poll and watching tiger woods and it isn't his golf and he's on the second hole and can play great golf as he's stated and endurance and walking. will he be able to withstand that to make the cut and 72 goals and we talked about that earlier. stuart: i think there was supposed to be a sound byte there and we didn't get it for you, jim. what did he say? >> difficulty for me is walking going forward. it is what it is. i wish it could be easier. stuart: okay. >> there you g stuart, that's what he had to say. the problem is the circulation in the leg and all of the treatment he has to take. the problem isn't the golf
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swing. he'd probably win this tournament p.m. that's not the case and he refuses to take that handicap and he won't do it even though casey martin did win the case and tiger woods said you'll never see him riding in a golf cart and perhaps they'll change when he can use the buggy getting to the senior tour. stuart: i'm jealous and only been to the masters and man, that's realtime. >> come on down, stuart there's plenty of room. get on down here and let's go. look at all that space. come on. stuart: it could be your worst nightmare, jim gray. don't want me there. see you later. all right, here we go. look at this, the gas price spike, okay, now he's 363 for a gallon of regular in ohio.
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that's the average. but the point is that $3.63 has jumped 22-cents in the last two days and executive john catsimatidis said price wills go even higher in the next hour. the first city in america to offer residents reparations and now they're expanding the handout program and who is eligible for these no strings attached payments. ♪ what if there was a community of like minded people ready to support you when you need it most?
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i suffer with psoriatic arthritis and psoriasis. i was on a journey for a really long time to find some relief. cosentyx works for me. cosentyx helps real people get real relief from the symptoms of psoriatic arthritis or psoriasis.
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serious allergic reactions and an increased risk of infections or lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx. i suffer with psoriatic arthritis and psoriasis. i was on a journey for a really long time to find some relief. cosentyx works for me. cosentyx helps real people get real relief from the symptoms of psoriatic arthritis or psoriasis.
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serious allergic reactions and an increased risk of infections or lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx. stuart: evanston, illinois, was the first city to offer its customers reparations and it's now expanding payments. jeff flock is in evanston and who qualifies for the reparations and who is going to get the payments? reporter: who qualifies? that would be residents of evanston, illinois, that were the victims of housing discrimination and i'm in the community that was where blacks were segregated for most of the last century and city of evanston admits to that and came up with the program. it is targeted to people who are
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victims of that discrimination and had to be at least 18 years of age and lived in evanston during the discrimination and live here now. what they get, put it up on the screen, $25,000 originally had to be spent on mortgage assistance or home renovation assistance or home purchase assistance and now they're giving out cash payments for $25,000 if people in evanston support the reparations and this is a wealthy town. on the other hand this may be constitutionally improper and they've filed a lawsuit and the direct cash payments go too far. >> it's going to go into the community and at least before with property values and they
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would be good incentives for the entire city. reporter: as you know, stuart, there's many cities now across the country considering this reparation and san francisco, st. louis, boston and there's now a group of mayors and democratic cities it's called mayors organized for reparations and equity, and from their mission statement, i quote them now, cities should be labs for bold ideas for racial and economic justice on a larger scale, which is to say expanding reparations to a federal program. "the wall street journal" reports this week that the u.s. census bureau thinking of asking questions of blacks on the next census, were you an an ancestorf slavery and the ones that advocate for reparations and we gave the other side, the national assembly of american slavery dis-sen dna tiebacks making their -- descendents.
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listen. jaire this supports direct cash to persons that were enslaved in the united states and we believe in freedom. we believe in choice. we believe in being able to choose for ourselves what we do with the debt that's owed to us. reporter: tax on cannabis purchases and it'll be determined. stuart: thank you very much indeed. quick check of the market at 10:55. we have red ink down 130 on the dow, down 30 on the nasdaq and three day weekend coming umm for the market. it's closed tomorrow for good friday. still ahead, john catsimatidis, morgan, dr. marty m mccaucus-backed reigns leading and jimmy failla.
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