tv Varney Company FOX Business April 18, 2023 10:00am-11:00am EDT
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♪ stuart: what is it called? what a man, what a man. 10:00 eastern. to your money please. the markets first arrive, the dow is down 800 points. the dow is down 80 points. stock is down, nasdaq is down 41 points. the 10 year treasury yield is at 3. 57%. oil about $80 a barrel yet. had bitcoin still above the 30,000 mark, 30,389. crypto is rallying this morning. now this. chicago has become a giant self
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inflicted wound, public order is a joke. what is so depressing is chicago voters have doubled down on failure. chicago is the shining example of what not to do. brandon johnson is the teachers union guy. there are 55 schools were not a single student is proficient in math or reading. you might think parents would vote for change but no. he doesn't want school choice whether it is vouchers or not, he's a progressive, tax the rich, no change. what are the parents thinking, putting this guy in office? this past week in chicago is rocked by teen unrest, thousands of kids made downtown a no go area, windows smashed, tourists wonder what america had become and what did the new mayor saying? don't demonize youth who have been starved of opportunities
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in their own communities. who starved them of opportunities? failing public schools? suppose we shouldn't be too surprised after the 22020 riots, johnson suggested looting, looting tax dollars. the 24 election, chicago's failure should be a national issue, surely an opportunity for republicans, parents in chicago may double down on educational failure but across the country the gop is taking on the teachers union and winning, chicago is a good example of what not to do. second hour of varney is just getting started.
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scott shelladdy, brandon johnson refused to condemn the looting in the 2020 riots. people, this is after the 2,020 riots, people acting out of desperation. you can't condone the looting they do every day when they attack tax dollars from black, brown, white folks all over the city of chicago. that the mayor elect. is there any remorse among chicago voters for doing what they do? >> there should be. if there is not, you mentioned the teachers union, that is a strong lobby in the city of chicago. they put brandon johnson in the mayor's office but i have a different point of view. those kids did what they did this last weekend.
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they know what they did was wrong but there is no accountability from their parents who should know where their child is or there is no accountability from lawmakers, i am telling you right now, still a choice they didn't they chose that choice because there's no accountability. they know they won't be account for their actions and the mayor said it as well as lawyer lightfoot that they are giving them excuse after excuse. if there's no social clubs where they play bingo and throw bags that will make these kids not do what they did, that was a choice, they are complicit and pay a price. until that happens, stop giving everyone a pass, parents included this behavior won't change. blue in your opinion is important and we value it. to the markets, that is your area of expertise.
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are we going to get a soft landing for the economy? >> i don't think so but i see other pundits, may be stuck a soft landing. when we have a 5% cpi, give everybody a pat on the back for that. when it is supposed to be 2%, worth %, worth 3% outside that range we have a lot of work to do. i can't see a fed beginning to cut rates with inflation at 3% over where we are supposed to have the target. i say we haven't had a landing yet. when you have folks saying he sees bankruptcy, the we have a great economy, and we had three bank failures with other regional banks crippled out, they stopped lending, the bank lending has been horrible.
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we have skyrocketing -- 9200 jobs, i will vote with the ceos, they see something coming because they have the metrics around the corner of the economy to see this is not looking good but rose colored lenses are on the shelf because everybody is happy, inflation is tending in the right direction, nothing to see here, move along. the bond market is telling me we have a train wreck ahead. the stock market is a couple kids playing on the train tracks. that's what we are in for. stuart: we hear you on both subjects. see you soon. lauren is back with me looking at the movers. lauren: the fda has withdrawn its authorization are the older covid shots, they are authorizing a second dose of the newer covid vaccine performance after the first.
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everything could change when we have colder weather, this is always changing, don't know how many are up to date, they are down on that news from the fda. stuart: i once did an interview with michael dell, now he says putting computers together without pause from china. lauren: customers are saying, in the supply-chain from china, the company says it is a bit more possible to source parts outside china. they are looking seriously at moving their supply chain out of china to appease customers who are demanding that. there what they do, they are down.
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lauren: the news is good. in favor of antibiotic treatments for bacterial infections, excellent news, stock went up. we are trying to find out way. stuart: mcdonald's are doing something, they gotta makeover, record high price. what's with the burgers? lauren: it is all about the buns, mcdonald's wants them to be softer, this is the news. we are going to grill onions and the big macs will get extra sauce. that's the news, the makeover for mcdonald's burgers, something that you can purchase on the west coast, they report same-store sales and overall numbers next week. the stock at a record high, their sales should rise 8% and it is all about buns now for making their burgers taste better. stuart: i will leave it right there. house republicans getting serious now.
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house republicans found six additional members of biden's family that may have benefited from hunter's business dealings. this goes back to the old story. have the chinese communist party got something on our president that restricts our president's activities? >> that's why house republicans are investigating. we have to be realistic, we are getting to the point hunter biden could walk into the fbi and say i am guilty and they would say nothing to see here. it could very well be to get rid of the bidens we have to take care of them in a 24 election which is where most voters would like to see something happen. they would rather solve things at the ballot box in the courthouse. stuart: it should be a factor in the 24 election. hunter biden's business dealings, the family is getting money from china, that should be a factor in the 24 election that it is not. >> the rise of political
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divisiveness, the state of the economy. the story you had about the rise in crime rate will be big factors. the one key here, the one interesting factor on the biden situation could be do we have an alpha and brag on the other side of a local prosecutor, with hunter biden to go after them. stuart: after alan bragg, local prosecutor taking on a federal case, you could have the same thing happening reverse. a republican district attorney taking on in a federal case. >> these things should be solved at the ballot box but the times we live in, we could be had of that. stuart: what would happen if it were discovered members of trump's family got money from the chinese communist party? >> alan bragg or one of his colleagues following lawsuit. stuart: that is sarcasm.
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he can be guaranteed he is student all the days he goes to his grave by the democrats. the lawsuits they bring against him. stuart: support for donald trump gaining a lot of ground because of the indictment. is that accurate? >> a member of the team, often as parties. we see donald trump's number is going up and down. feeling but a good for him becoming the nominee, we have a long way to go. we one would you say trump is the odds on favorite to be the nominee? >> i don't think there's any question he is a front runner. we could go through a laundry list in the election. stuart: thanks for joining us. house speaker mccarthy looking
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to get people back to work. what is he doing? >> house republicans looking to impose work requirements on able-bodied americans, with medicaid and food stamps. this is low hanging fruit. what happened was during covid many of those requirements pull back and speaker mccarthy at house republicans saying we need americans working. stuart: when clinton reformed the law in 1990s all kinds of people came off the welfare rolls. that was a democrat president. >> it should be handout when you receive a benefit. stuart: the desantis disney feud escalates. a prison next door to the park's entrance. that is what he is saying.
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jessica chinese police station is discovered in new york city will tell you how they are infiltrating the us to spy on dissidents. things got heated during yesterday's hearing on crime, the manhattan da alan bragg's policy, watch this. >> all types of criminal elements free to do what they want and as far as manhattan district attorney's office, if he is receiving one penny of federal dollars, you need to pull that funding until he starts doing his damn job. stuart: we will speak to the founder of victims rights new york at the hearing next. ♪ the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more...
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stuart: on the markets it is a mixed picture, dollars down 100, nasdaq up 25. then we have congressman jerry nadler who went out, congress when jim jordan during yesterday's hearings on the rising crime situation. what did nadler say? up. lauren: a political stunt for one man. >> in lower manhattan, we are here for one reason and one reason only, the chairman is doing the bidding of donald trump. those who designed this hearing to intimidate and deter duly elected district attorney of manhattan from doing the work his constituents elected him to do. they are using public offices and the resources -- neil: republicans yesterday didn't mention trump, they said it was all about crime. as for trump they said da bragg
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is spending all this money prosecuting trump while declining to prosecute 1200 felony cases in new york city alone last year. that is how this happened. stuart: madeleine is a mother who testified at the hearing. her son was murdered in new york city in 2018. two of the alleged purpose are out on the street. she sounded off about all of this on hannity last night. >> i would challenge this gentleman to step one foot in the hood, step one foot in the hood and tell me if those people in that hood are props as well. he is a rich black man. he is a rich black man telling poor black men they are props and that the crime and the things they are experiencing is not as bad as they think they are, not just him, all the
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elected officials, all of them especially the ones going to new york. stuart: a victims rights activist, jennifer harrison, also testified at the hearing yesterday and joins me now. the democrats labeled those who testified as just props. that includes you. you were just a proper. how do you feel about that? >> i'm not a proper. i wish this wasn't as emotional as it is for me and that madeleine didn't go through what she went through but there's a human element to the crime statistics, not just numbers, we are human beings with emotions. after the murder of my boyfriend i am still not hold. i'm here to speak on behalf of other victims who had cases pending in alan bragg's office to speak on behalf of everyone who is equally unhappy. stuart: did you change any minds yesterday? were democrats open to changing their minds about what bragg is doing?
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>> never cut i have imagined the blatant disrespect we would have been shown as victims, the disrespect they showed madeleine who buried her son, a united states veteran, to push their agenda. the amount of times they mentioned donald trump was insane. we were not there to talk about donald trump but us and the horrific circumstances people are living under in new york. they are there to push donald trump the anti-trump agenda and gun legislation. stuart: alan bragg is the district attorney in new york and not prosecuting felonies. he has reduced 52% of the felony cases to misdemeanors but elevates a misdemeanor on trump to a felony at the federal level. that is what you were there to talk about yesterday, didn't work for the democrats. >> it into. they kept telling us they don't have jurisdiction over this, alan bragg is violating two victims rights statutes that are federal and also violating
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the crackhouse statute by sanctioning an open drug use facility in harlem. they have jurisdiction. he is violating federal law, getting federal funding to do and they need to do something about it. be one what they will do i do not know. thank you for joining us this morning. ashley is with us. what is this about hecklers at the hearing? ashley: california democrat adam schiff making his opening statement, he condemned the vitriol against house and bragg and accused the committee's republican majority of serving as donald trump's kernel defense counsel. then he was interrupted. watch this. >> let me tell you this. let me tell you this. >> capital police -- capital police will remove the gentleman from the audience. >> let me tell you this. let me tell you this.
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let me tell you this. >> you are a scumbag. >> let me tell you this. 's ashley: you are a scumbag as he was let out. as the protester was led labbe by police another man got up and accused bragg of being the reason for violent crime in new york, order was restored and the hearing continued but it was quite a noisy affair as you can see. stuart: tensions running high. mark green, he will pursue impeachment charges against alejandra mayorkas, the man who runs the border. congas and green will join us later in the show. nearly 90,000 migrants were expelled under title 42 in march. what will happen with title 42? casey steagall has the border report next. ♪
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dollars 130, the nasdaq down 10 points as we speak. lahren is looking at the big movers, goldman sachs only down 2%. %. lauren: this is the latest. the worst of banking bill to what is behind us, not helping reverse the decline after profits fell 18%, 19% as dealmaking, bond trading slowed down and it is weighing on the dow. stuart: snap is up 2%. lauren: they are ditching rules, multiple share classes, to join the s&p 500 and obviously more investors would be able to own it or track it. stuart: get into the s&p 500. what we have on lululemon. lauren: the technology you
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looked into, to conduct a workout. they are considering selling it. going to bloomberg, people are going to go back to the gym or do something else. at home fitness has closed. stuart: thanks very much. let's turn to the southern border. 88,000 migrants expelled under title 42. that was just in the month of march. casey steagall was in el paso, texas. i want to know what happens when title 42 ends next month? >> you and a lot of people would like the answer to that question but the plan is quite murky. we can tell you is the feds say they are searching resources here to help but adding temporary processing facilities and requesting migrants user cvp mobile apps to set up
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appointments to enter the us at an official court of injury, it shows 46% of the migrant tally were processed for expulsion under title 42 accounting for almost 88,000 people. in the el paso sector, you are seeing the largest increase in overall activity this past weekend, they averaged 1500 daily apprehensions including two aggravated felons, agents busted two stash houses and disrupted 20 smuggling schemes. >> the future immediately ahead of us calls for us to elevate our collaboration even more. we are going to be stressed and strained in ways we've never been tested before. >> reporter: texas dpss two
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smuggled migrants recently apprehended were provided with fake texas driver's licenses in an attempt to get them past a border checkpoint, another step the, cartels were taking to try and outsmart law enforcement, officials on the front lines say that has been their biggest challenge, all of this staying a step ahead of the bad guys. stuart: mark lamb is the sheriff in arizona, joined joins me now. you are running for the united states senate. do the people of arizona, trying to figure out what they want. they want the border flat out closed? >> they want the government to do their job to secure the southern border. this is america, they want people to make a better life for themselves. we expect those people to follow them.
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they want a proven conservative fighter will go to washington dc, somebody who understands this issue on the deep level which is why i'm running for the u.s. senate. stuart: can you deliver a wall? to the people of arizona want a wall? do they want more border guys? what do they want and can you deliver? the only way to deliver is get elected and you've got to have a republican senate and republican white house or you can't do much. >> we do have to win back the senate to get anything done. democrats didn't do anything when they controlled the house, the senate and the presidency. immigration reform, it is not just one thing. just increase technology or engage local partners. i just flew several missions in
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the desert with my guys, we had several groups we encountered in the desert. only way to fix it is hitting these things one by one. it is an all encompassing problem that will take more than continuing to build the wall to stop it. that is a strong piece of it but we have to have someone who understands the nuances of the border. stuart: if i were to come to arizona and walk phoenix or other large towns or cities in arizona what i see lots of migrants wandering around? >> great question. they are passing through counties like mine, not designed to stay in arizona whether his humans are drugs being trafficked in the majority of it is designed to go throughout america. i testified a month ago, what happens in our backyard today will be in your front yard tomorrow across america. my county becomes more tactically important because we are on the i 10 interstate.
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if they make it through, they work every day to do it. we are not even touching the surface of the problem because of this government. stuart: sheriff mark lamb, candidate for united states senate in arizona, thank you for joining us, we will see you again. dhs secretary alejandra mayorkas held many phone calls with the aclu, american civil liberties union, back in 2021. do we know what they were talking about? this is a very liberal group. ashley: we don't have a transcript, we know what positions the aclu holds on many issues including immigration. 2,000 calls from february to june, first few months of the biden administration, 23 calls.
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it is called immigration detention, the meetings took place as the biden administration was dismantling donald trump's immigration policies including a moratorium on ice deportations and stopping border wall construction. mayorkas helped with immigration advocates from february to may. critics say at a time when crisis is unfolding at the border mayorkas gave open border activists an unusually prominent seat at the table. stuart: thanks. coming up, people can clone your voice using a recording to base it on as short as three seconds and criminals are taking advantage of this ai voice clone to extort money from people. report coming up. it is frightening. elon musk will launch an artificial intelligence platform to challenge microsoft
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of the universe. and ai, understanding the universe unlikely to annihilate humans. ashley: don't want to annihilate humans. truth gpt he will invest. musk is criticizing open ai as the firm chat gpt of training the ai to basically lie, open ai has become a close source for profit organization closely allied with microsoft and accused larry page, the cofounder of google, of not taking ai safety seriously saying he's trying to correlate some sort of digital god. musk says ai has potential for good but also potential for bad. elon musk has a headline. stuart: he always, the ceo of
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google, did he admit that he doesn't understand artificial intelligence? ashley: he did. he was in an interview with 60 minutes which said society may not be ready for artificial intelligence so that even he nor other experts fully understand how ai models like chat gtp actually work. >> there is an aspect of this which we call a black box. we don't fully understand and can't quite tell why it said this. some ideas, whether it gets better over time, we are where the state-of-the-art is. we don't understand how human mind works either. ashley: scary, isn't it? compare the developed of ai to technological advancements in other areas calling it more profound than the discovery of fire and electricity. the ceo said every product of
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every company will be affected by advancing ai capabilities, society needs to adapt, to prepare. ashley: stuart: scammers are using ai voice clones to convince people their loved ones have been kidnapped. this is a way to extort money from them. alicia, in denver, how does this work? >> reporter: the bad guys only need a tiny sample of your voice. we have a terrifying example out of scottsdale, arizona. jennifer stefano answered a call from a number she did not recognize and heard her 15-year-old daughter's voice say mom, plus sobbing and praying. >> this guy comes on the phone and says i've got your daughter, this is what is going to happen, call anybody, call the police, i will pump her full of drugs, have my way with her and drop her off in mexico and you will never see your daughter again. >> reporter: the mother
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believed it because her daughter has a distinctive way of crying and that is what she heard through the phone. 's friend scrambled to say her daughter was safe with him, the suppose a snapper was using artificial intelligence generated clone voice. technology experts say this nefarious form of ai is so sophisticated, some need a mere 3 second voice sample to re-create an authentic sounding person and right now the applications are outpacing the law. >> crooks are trying to make money before this becomes fully unlawful. >> reporter: if you get an alarming call and are trying to distinguish between a clone voice and a loved one, the federal trade commission recommends don't trust the voice. call the known number to verify that person if you can't reach them try family and friends. scammers ask you to pay in ways
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that are hard to get money back, like gift cards or crypto. what is striking especially as a mom is when she talked to her daughter on the phone she actually doubted it was the real person. couldn't tell the real thing from the unreal and that was scary. stuart: that was frightening. great report. troubling report but thanks for being with us. the dow is down 130 points. fractional losses for the s&p and nasdaq about some red ink. southwest airlines is down again. please don't tell me this is another outage. lauren: southwest airlines requested that the faa pause their departures. they are blaming intermittent it issues. passengers went on social media complaining, ground stop here, ground stop there, so we have the faa saying southwest will have to pause all their flights.
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i just checked, at least 1200 sw. flights have been delayed. stuart: 1200? >> the christmas meltdown on southwest, cancellations, 16,000 plus. maybe southwest said we need to fix something before it gets worse but customers and passengers on southwest are going our own as they work it out. stuart: more than 2 million illegal migrants came to america on biden's watch, what do we do about the man in charge of the border? that would be alejandra mayorkas. mark green says impeach him. the tennessee congressman is next. that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card...
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impeach mayorkas. congressman mark green from tennessee joins me now. have i got that right? there's a hearing tomorrow, the border guy is in front of you and you will try to impeach him? >> we -- mike mccann to do an impeachment. what we are going to do is accountability. we are going to find out all the information mayorkas failed at the southern border. it is an abysmal failure. a little baby crawling on the floor in florida that died because it got in contact with fentanyl. every american is at risk because open border. what we are going to show is it is is mayorkas's fault. stuart: how far can you get with that? he will say it is under control, nothing to see here, that is what you are going to get. >> he basically admitted he didn't have the definition of control when he was in the senate a few weeks ago.
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the border chief said we didn't have control of the southern border. mayorkas had to accept that and admit it but interestingly enough, earlier in the year, he said we did have operational control and was read the definition. he lied to the united states congress under oath and we will make that clear tomorrow. stuart: next case, the pentagon warns that biden's green energy push could pose national security risks, that offshore wind developments could impede naval operations. what do you think of that? >> it's consistent. if you look at their budget for the border, they are spending billions of dollars to their green new deal god but only increasing spending for border patrol and border security by $800 million. it is clear they don't care
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about the national security of the united states, they care about their religion which is the green new deal and these windfarms will impede the training and readiness of the united states navy, in chips, so they have chosen to put everything, the economy, national security, the country, the southwest border second to their religion of the green new deal. stuart: can they get away with it? at what point do voters say wait a minute. i'm paying more for gasoline, home heating, you name it, paying through the nose because of your green policies, i don't like it? how long before voters say you don't get my vote on this? >> we can only hope as we push this in the house of representatives and the american people by electing republicans to the house are making a statement they are
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aware of the challenges and failures of this administration, we hope that happens in 24 but we are going to pass laws that do everything we can to stop them. our energy bill, hr one, getting american energy turned back on is our first and best effort to get that to happen and will educate the american people. stuart: has it gone through the senate? >> hr one has passed in the house and it is sitting in the that is waiting for mister schumer to make a move. a lot of things they said they wouldn't pass they wound up passing. for example the dc crime bill. initially biden said i can't support this and then realized i'm not going to side with the carjackers so he signed the bill, the senate passed it, i think with this one we keep educating the american people, put pressure on the senate and get it passed. stuart: thanks for joining us this morning, biden's green
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proposals had a roadblock. tell me more. lauren: the ninth circuit court of appeals ruled berkeley, california's first in the nation man in 2019 on natural gas pipes in new buildings, what happened was after they did that a court in california restaurants sued, they said our business, our food realize on natural gas stoves and appliances and this bill would have rendered those appliances useless. the court agreed with the restaurants. a local law circumvented the federal law and the us government has the authority to set energy efficiency standards. stuart: the superliberals on the ninth circuit agreed with this. >> in san francisco, seattle, new york city, you see this ruling a, what happens to your ordinances that ban natural gas pipelines.
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stuart: still ahead, senator mike braun, douglas murray, kevin roberts at the heritage foundation, elon musk, the most compelling chief executive in america today, he offers straightforward analysis, different from any other ceo. that is the theme of "my take" next. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ sfx: [alarm] every day you get to choose.
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