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tv   Varney Company  FOX Business  April 19, 2023 11:00am-12:00pm EDT

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- this is our premium platinum coverage map and this is consumer cellular's map. - i don't see the difference, do you? - well, that one's purple. - [announcer] get the exact same coverage as the nation's leading carrier. starting at $20. consumer cellular. >> china is the biggest threat to our national security, and we
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better make sure that our house is made of brick and not straw, because the big, bad wolf is huffing and puffing at our door. >> we think this quarter is going to be the one that shows the most rate of change in a negative way. it's going to happen and hit at the same time we get into the heat of this debate on the debt ceiling. >> we've got a real banking crisis that's on our hands right now. we are like likely to be seeing another lost decade. i think we're going to see more of a rolling recession that's going to play out over time. we have some big fears if you are nearing or entering retirement. >> yes, there is definitely thing possibility of a melt up-up. markets are close to some resistance levels. if earnings are better than expected, there could be a lot of money that comes off the sidelines. ♪ if you start me up, if you start me up, i'll never stop. ♪ tooth stuart this is the best song to start an hour of programming, "start me up."
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>> pumps you up. stuart: get up and go. kennedy's with me, but she's saying nothing at the moment. all right, 11:00 in the morning, it is east coast time, of course, wednesday, april the 19th. on the markets some red ink but not that bad. dow's down 90, nasdaq's down 40. show me big tech, please. mixed picture. we do have amazon and apple up, but microsoft, alphabet and what's that one on the bottom? meta, they're all down. the 10-year treasury yield has been going up, still going up, now you're at 3.62%. not great for big tech. that's the markets and now this. dhs secretary for alejandro mayorkas takes a lot of heat. well, he's in charge of the border. he takes withering criticism. republicans want him impeached. in congress on tuesday he was old the, quote, you are fail ifing miserably, end quote. well, yes, he has failed the country, but he hasn't failed
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his boss, joe biden. mayorkas is doing exactly what the biden team wants. in fact, he's speeded up the migration process. he's streamlined it with an app. he's made it more efficient so even more can come in. here's how it works. a my grant gets the app before they get to the border. the app allows them to schedule an appointment at a u.s. port of entry, and from there they are given a court date for their asylum request. they're in. in new york court dates are booked up through 2033. almost everywhere in the country the wait time is measured in years, and while they wait, they're eligible for work permits. does anyone seriously believe that asylum seekers who are rejected will be deported? dream on. they're here, they're staying. the administration has not won the migration debate, they've won control of migration. they never wanted to keep illegals out, they wanted to get them in quickly and efficiently, and that's what they've done. they're here, heir going to
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work, they're staying. third hour of "varney" starts right now. ♪ ♪ stuart: all right. kennedy is here, the aforementioned kennedy is here. mayorkas is doing exactly what biden wants, that's my opinion. >> is that true? you really think that? i think our immigration system is broken, and every possible realm -- it's impossible for people to come to this country legally. you may know a person or two who has tried to come over and become a u.s. citizen. it is an arduous and difficult process. it is -- there's so many layer withs, there's so much bureaucracy. but if you want to come to the southern border, then, you know, it's the, like, it's hunger games. stuart: that's what biden wants -- >> why would you want that though? you have two completely different immigration systems. the border protection is completely overrun, the towns along the border cannot support the people who are coming over.
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children are being harmed in the process because their parents are promised that once they get there, the family can follow. but the amount of sexual and physical abuse if -- stuart: of course that's all true, yes -- >> but if you want that the, you are a bad person. like, it's hard for me to believe that the president of the united states doesn't mind when bad things happen to the most vulnerable people on the planet. stuart: he wanted an open border right from the get go because he thought that would give him the hispanic vote. he invited them in. he didn't maybe realize how many were going to come in. they're coming in by the million, and now he's got a problem on his hands. he simply wants to make it more efficient, so they give him an app. they're just processing central america to come to north america. that's what's going on. >> but you can't have it both ways, and we are learning that the hard way in this country, and progressive politicians want to extend all sorts of benefits in terms of health care and education to poem who come into this country -- to people who come into this country. you can't to do that. as a libertarian, i don't think
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we should do that for most people in this country. but progressives like bernie sanders free college, free health care, whatever you want, that further incentivizes more people to come here. you can have people come here and work, we should have a system where people come for a little while and then go back home. that's not the system we have. it is completely broken. kamala harris has abdicated her responsibility as the czarina of the border, and now every people harmed on both sides of the border, and shame on them. i don't think mayorkas should be impeached, i think he should be a man and resign because he has failed the country, he's failed his job, and he's failed anyone who has to interface with immigration at all. stuart: i think we'll agree to differ -- >> but i do like your blazer. stuart: all right, all right. this is for you a ooh. got a new report, and it shows we now spend more money on legal marijuana than on chocolate and craft beer combined. do you approve of that? you've got young girls, i think,
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marijuana. >> yeah. i don't buy them marijuana or craft beer because i'm not the cool mom. i do buy them chocolate because i do think there are some forms of legal bribery, and i think it makes people happy. craft beer? i'm surprised we spend that much on craft beer, but i guess now that bud light has -- stuart: what is it, 30 billion on weed, legal weed? >> that's just legal weed. you know how cannabis market works, the black market is thriving, it's exploded because there's so many restrictions and so much taxation on the legal market. so i would add another 100 billion on top of that. and, by the way, when you buy weed, you also crave chocolate. so i think this has been a boon for the chocolate industry. and cheese-its. >> any problem with legalization of marijuana in the first place? every day i walk down ninth avenue, i can always smell it. >> yeah. you know what you also see many the heroin needles and fee cease all over the place, and those
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are from illegal drugs. >> stuart: and i can see a crowd of teenagers who just got out of school for their lunch breaks, and they're high as kites. >> do you think they're buying legal weed? identify been to several -- i've been to several dispensaries in new york and california, they are so strict with carding people. they're not getting it from legal dispensaries. my worry is that kids are smoking weed that is laced with fentanyl because we have so many illegal drugs in this country. they want it, they'll get it. when it's the illegal, it's deadly. stuart: we seem to have a slight difference of opinion on a variety of issues today, kennedy. >> i think that you're, like -- stuart: okay. and we will have you back as often as possible. >> i love it. stuart: thank you. oh, we will be watching your show, which is called "kennedy," tonight, 7 p.m. eastern, eastern time, right here on fox business. you're all right. >> love it. stuart lauren's with us looking at the movers, one of them being
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intuitive surgical. lauren: it is number one on the s&p 500 with a 12.5% gain. surgical robots, 3-d views that physicians use for surgeries like coronary valve repair, for instance. the maim of the device is da vin that -- da vinci, it's a hot seller. stuart: so is that one item that pushed them up 10, 12%? that's pretty good. then we have wework. they're still around. lauren: i thought with people working from home, weworks did better, and they did, but now you have the tech layoff, the stock has been under a buck for 30 days, and they just received a noncompliance notice, a delisting notice from the new york stock exchange. down for the share price 65% this year. their market cap's about $350 million. remember back in 2019, it was nearly $50 billion? >> it was a big i, if o, yeah. -- ipo. stuart: way down now.
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>> yeah. lauren: so i think this is a consequence of tech the layoffs. stuart: okay. i want you to tell me about microsoft -- sorry, not microsoft, netflix, which i believe is coined today. yes, it's, 3%. if. lauren: i might know a couple of the 100 million naughty people out there who share pass worste. netflix is going to the crack down, but not until next quarter, so don't worry are. they need more revenue so they can develop more con end. so in the quarter -- content. in the quarter they added a disappointing 1.75 million subscribers and that is one of the reasons the stock is down so much. stuart: you don't share passwords do you? >> no, no, no. i've got to be ethical. stuart: i would bring if in an awful lot more money for netflix. >> you would assume so, because people respect going to do without it. the ad-supported version's, what, $6-7 a month? you would expect the people
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sharing passwords would opt for that plan at a bare minimum. stuart i'm interested in the state of the consumer and that netflix report, what does it tell you about the american consumersome. >> the has confirm confirmed a lot of what we've known about consumer demand. people are sick and tired of sitting at home and binge watching netflix. they want to travel. when you look at united's earnings from yesterday, international travel is now growing at twice the pace of domestic travel. so that's -- those are big ticket travel items, right? that's your bucket list kind of vacations. so it shows that the consumer has without a doubt shifted from spending on goods to spending on services, to preferring experiences over products. and that's good news. the issue is money is like a drug, okay? it's addictive. and once you've had it a la 2020 when the stimi checks were hitting the mailbox and all of a sudden that goes away, it is
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very difficult for people to ratchet their lifestyle lower. the issue as i see it is people are continuing to spend money on higher ticket stuff, but they're putting themselves at jeopardy because credit card debt is on the rise, interest rates are up, and this could set the stage for some bad things to happen to the consumer in the next several quarters. stuart: what have you got, lauren? lauren: i was just going to say the consumer is buying maybe the premium seats on the airplane, the more, expensive ticket, and that's helped -- corporate travel hasn't returned to pre-pandemic levels, but the airlines are doing fine because the regular passenger is making up for what they're missing in corporate travel. we're going to europe, and we're buying first class -- stuart: international travel doubling, that's pretty good. new york city just named the wealthiest city in the world. it has the most millionaires. but billionaires are being pulled to the other side of the country. got a report on that. bills' player damar hamlin cleared to play football months after collapsing on the field. watch this.
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>> the wow moment is every day just being able to wake up and just take deep breaths and live a peaceful life. i died on national tv. stuart: hamlin's got big plans for husband future, and we'll tell you all about it. the mayor of seattle just unveiled a plan to crack down on drugs and revitalize the city. sounds good, doesn't it? is it realistic? seattle guy jason rantz takes it on next. ♪ the bluest skies you've ever seen are in seattle. ♪ and the hills, the greenest green in title ♪ -- many seattle ♪
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everything's changing so quickly. before the xfinity 10g network, we didn't have internet that let us play all at once. every device? in every room? why are you up here? when i was your age, we couldn't stream a movie when the power went out. you're only a year older than me. you have no idea how good you've got it. huh? what a time to be alive. introducing the next generation 10g network. only from xfinity. the future starts now. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side.
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night ♪ stuart: you're looking at seattle and, by the way, that is the ca mow ma international airport. a little chilly out there. alaska airlines making a big change to how customers check in for their flight. hey, ashley, tell me what heir doing. ashley: the airline is ditching the so-called check-in kiosk. uninstead, encouraging flyers to check in at home or on their a smartphones. they'll also introduce bag tag stations where flyers can scan their boarding passes to get a bag tag and automatic drops. but agents will still be on site to help passengers that are just not able to do that check-in online. it's part of a 3-year, $2. 5 billion project to improve the airport experience, a says, alaska, at its hubs and agencies like seattle, portland and los angeles. alaska says it was the first line to put kiosks in the
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airport lobby, and now it wants to be the paris to remove them saying travelers want to get through security and to the their gate. amen to that. stuart: got that right. thanks very much, ash. we told you about washington state's new bill that would let runaway kids get free transgender care. jason rantz has been writing about this. he calls it state-sanctioned kidnapping, ask jason is with me now. have i got this right? a youngster runs away from home, they want transgender care, they run away, can't it -- can't get it. in washington state they can get that care, and they'll be brought back without their parents knowing. is that accurate many. >> not only without their parents knowing or, but the state cannot actually tell the parent where their kid is. so if a runaway goes to a youth shelter under this law, they cannot inform the parent as to the whereabouts of this kid. and what we're talking about, gender-affirming care, we're talking about surgical intervention including
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mastectomy, breast reduction, ands the one of the most, extreme bills if not the most extreme bill that i have ever seen. stuart: is it going to pass? >> it's already passed the house. it will 100% pass the senate because it originally came from the senate, and the governor has indicated he's going to sign it. this breaks up families. stuart: no objections to? >> there are no objections on the democrat side. all of objections have come from the republicans, and the democrats have flat out by lying about this bill because they're telling you this is about abused kids at home except there's nothing in the bill that says this has anything to do with abusive families. you don't have to even claim that you've been abused, you don't even have to claim that the parents said no to whatever it is you were asking more. -- for. and every single time republicans introduced an amendment that would clarify this was for kids coming from abused homes, democrats said no. stuart: i'm going to move on because we've got a lot to coffer today.
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seattle's mayor has laid a new plan to revitalize the city. they're going to crack down on drugs, do something about these empty storefronts. my question though is there's a big plan to revitalize the city. where are they going to move the homeless to? >> yeah. this isn't actually a plan. we've been waiting for something for 15 months, and this is what we get. so part of what they say they're going to do is focus on prioritizing breaking up drug dealing. why don't you have you have staff within the seattle police department to actually do that. so it's going to end up -- excuse me -- what's going to end up happening is you're going to pull police officers from other parts of the city to try to go after these drug dealers, but that's not going to stop anything because you still haven't treated, to your point, the homeless folks who are addicts. we don't have anywhere for them to go. they're going to rye to offer something called contingency management which is a plan that basically saysif you stay off your drug of choice, it's usually meth, we're going to give you a gift card. and the gift card every single
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week that you stay off that drug, we're going to give you more and more money. and if you have a relapse, we're going to take a little bit of the money away. it does not work long term, and it doesn't work for the people who are folks who are living on the street streets because they are so deep into their addiction. it just doesn't work. stuart: okay. one last one for you. another city on the west coast, portland, losing a retailer. i'll get into that in a moment. jace, i've got to thank you very much, indeed, for bringing these stories to our attention. it's dramatic, and i don't know what to say about it, i really don't. jason, thanks for being with us, we appreciate it. all right, now let's get to the story the about portland, oregon. s the losing a retailer, and it's losing it because of crime. which store are we talking about, ash? ashley: rei, the outdoor recreation retailer. of the company closing its store in downtown portland, oregon. why? well, after a record high number of break-ins as the city, as we know, is struggling with ongoing
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crime. in a statement the company said, quote, the safety of our employees, members and customers is always our number one priority. last year rei portland had its highest number of break-ins and thefts in two decades. despite our actions and investment to provide extra security. the company says the store had spent more than $800,000 the beefing up store security such as security glass, private security and increased surveillance, but it was not enough. the store, by the way, will remain open until its lease ends, early next year, but that's another sign of what's going on in downtown portland. stuart: all right, ash, thanks very much, indeed. mark tepper's with me. i want to talk about crime and is retailers. >> yep. stuart: it's not so much people going into the store and robbing them, it's people going to the store and shoplifting rather quietly. shrinkage, it's called. that's a huge deal. >> without a caught. and that's also inflationary as well because the corporations have to file insurance claims,
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and all that stuff gets baked into prices for the law-abiding citizens. but with regards to crime, what's happening here is when you have high levels of crime, the good people move away. they leave and then corporations can't hire good people, so they start to leave. and we have seen that happen in chicago where they've lost several fortune 500 companies. now, the interesting thing about rei and shutting down their portland store, they're a very woke company, so this is very hypocritical on their part. if you go to the their web site and take a look at their news letter page, it says we believe in equity and inclusion in the outdoors in addition to climate change. about as woke as it gets. stuart: okay. >> so it seems like heir being a little hypocritical. stuart: and their out of portland -- they're out of portland. mark, thank you very much. reportedly, disney cutting jobs. the announcement likely to come next week. thousands of positions could be on the line. we're on it. a 13-year-old boy dead after taking part in a dangerous new challenge on tiktok. we have the urgent warning from
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[laughter] stuart: you almost caught me singing to that one. what's the song anyway? i know the rhythm. put it up on the screen. what music is the? we don't know. lauren: it's gwen stefani. stuart: okay. [laughter] of course, in new york city, just named the wealthiest in the world. you've got to -- listen to this. put the camera on me. [laughter] 320,000 millionaires live in new york city. you kidding me? 340,000? who knew? >> do you think that number's going to go up or down other the next decade? stuart: down, i suspect. susan: that includes stuart varney. stuart: no, i live in new jersey. can i continue? bay area, that would be san francisco, has the most billionaires. 63 of them live around san francisco, and that is all according to the consultancy group henley and partners. okay. let's get back to the markets. susan is here. tesla. what's the story? susan: we're looking at the sixth price cut this year. so model 3, model ys will now
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be cheaper by $2- 3,000 each, and that does take the base model to sub-$40,000 for the first time in years. that's even closer to the promised $35,000 price tag when that model 3 was initially launched. now, i double checked for you, the model 3 base model not eligible for any ax the credits. only the model 3 rear-wheel drive standard range and performance were eligible. so base model e, no cash back from the government. but here's the thing, tesla and the price cuts and this price war is taking down all the other ev makers and that does include ford and the china a makers because when you're cutting prices, you make less per vehicle sold. and that's why automotive margins will be the key figure in that tesla earnings report. anything less than 20%, less than 20% for each vehicle, that'll be a disappointment for wall street. and we kind of already know what the numbers are since they
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reported first quarter delivery numbers, record. i think guidance will be key and everyone's hoping for elon musk to make an appearance. e he has for the past year or so, so i expect him tonight, and also what about that buyback program that he's already touted. stuart: tell me about apple, please. susan: outperformance in a down market. stuart: it is up. susan: tim cook posting a photo from if his meeting with the indian with prime minister modi, and reports say apple will be increasing jobs in the country as it adds more production in the world's most populist country. they're projecting 7% of iphone production this year, that's a big increase just in the last two years from china. indian ministers say they will make a quarter of all iphones in the future. stuart: morgan stanley says the banking crisis is easing. susan: yes, they say -- [laughter] that's right. that is my line, but they said no rate cuts this year according to james gorman in that earnings
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call. it wasn't a bad report card since they did beat when it comes to profit and sales. pretty much what what you saw from goldman sachs. western alliance, i think, is probably the biggest bank earningsed today because it el tells us what the fallout is from the silicon valley bank collapse. they say deposits are back up $2 billion this month after losing 11% over the first quarter. now, stock is down about 50% since that svb crisis, and ally ared financial missing. it tightened the amount of auto loans they were doling out on default concerns. stuart: the music at the top of the block was if i were a well man from fiddler on the roof i'm reliably informed from that half a dozen viewers. thank yous, susan, good stuff. serious stuff here. a 13-year-old boy has died after he tried the benadryl challenge on tiktok. the trend encourages people to ingest large amounts trying to get high. johnson & johnson is the maker of benadryl, they say the trend should be stopped immediately.
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dr. marty makary joins us. this is the latest in one of these trends. how do we stop youngsters from going along with these social media things? >> parents need to talk to their kids about it. the fda did warn many of these social media platforms to remove all videos calling for medication challenges. you know, for kids risk appeals. is so you sometimes can't talk about the downsides, you need to talk about how this is a pattern where corporations are making money off of creating addictive content like tiktok. and i think that's the key message for most kids. stuart: okay. i've got a new study. it shows there are, what, 14 million cases of type ii diabetes. linked to certain foods. okay, doctor, you've got to tell us which foods. >> well, this was a study that came out of nature, a top journal, and it linked diabetes to specific types of foods, refined rice and and wheats, things like processed breads, cereals, pastries, to carbs,
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things like simple carbohydrates in juices. juices are a big driver of obesity, and about 70% of all cases of die -- diabetes could be entirely reversed. stuart: juices are linked to diabetes? i live on carrot juice, orange juice, grapefruit juice. i do. >> so there's two types of carbohydrates. simple, which is like simple sugar. that really jacks up your insulin level. and complex which is the kind found in real fruit, and that kind of juice is much softer and gentler are on your body. so if you are drinking a juice drink with no added sugar, you're probably doing fine. stuart: i'm very glad to the hear that, doctor, because that's my thing. [laughter] doctor, i'm sorry i'm out of time, but thanks for straightening us out on diabetes. that's important. thanks very much. now this, buffalo bills' player damar hamlin cleared to play football again. the announcement comes just months after he collapsed on the field.
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roll tape. >> this event was life-changing, but it's not the end of my story. the wow moment is every day just being able to wake up and just take deep breaths and live a peaceful life. i died on national tv in front of the well world. stuart: yes, he did. hamlin suffered from a direct blow at a specific point in your heartbeat which causes cardiac arrest. it is, by the way, the leading cause of death in young athletes. now this -- [laughter] soccer. christian know renal doe puts one of his opponents in a headlock during a game for the saudi pro league. he's paid $200 million to play in saudi arabia. he only got a yellow card for a headlock, not a red card. a red card would have sent him off the field, but he got a yellow card. ashley's with us. he knows all about soccer. more than i do, actually. ashley: yeah. stuart: how on earth was that only a yellow card? ashley: it was not x. it's
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interesting because the referee, by the way, was michael oliver who's pretty famous premier league referee who was just taking this game as a one-off. i have a feeling he would have sent someone off in the premier league for that. it was a wrestling move, look at that. but he's renal doe. half the people in the stadium were there to see him play, so i'm wondering how much that plays into it. he's a pretty frustrate thed guy these days, his team are not winning in the saudi league. they're three points back in second place, and he hasn't scored for a couple of games, so why not take someone down in a chokehold? stuart study well, he did, and he got a yellow card and that's it. he can do anything he likes, i guess. thanks very much, ash. we've got one state which could soon a pay for teachers to get firearms training. critics don't like it. they're concerned there's going to be too many guns in the scoops. we have a the story -- mt. schools. an amusement part disguising a
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help wanted ad as bird droppings. they're leaving this platter ad on parked cars. it is creative, yes, it is, but is it working? who else but jeff flock could cover this story? jeff flock it is coming up after this. ♪ -- cruel summer. ♪ leaving me here on my own. ♪ it's a cruel, it's a cruel, cruel summer. ♪ now you've gone ♪
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♪ ♪ let's lose our minds and go crazy, crazy ♪ stuart: every time i see a roller coaster, i get seasick. that is wildwood, new jersey. 56 degrees. the jersey shore, you're looking at it. summertime, it's almost here, and we find that some businesses are, quote, dropping serious hints as hay look to hire seasonal workers. jeff flock is in wildwood, that's in new jersey. he's with us now. jeff, you tell me, please, about these splatter decals.
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[laughter] >> reporter:st the all about the tight labor market there, mr. varney. we're helping them get the rides ready here in advance of the season. here's what -- you know, they don't have enough workers. they can't get people's attention. here's what they're sticking on people's windshields. yeah, it looks like something courtesy of the local seagull would put on your windshield, but if you look on the back of it -- well, we've got some tape that shows you what they're doing. they're putting them on cars. tipfully, you might put a -- typically, you might put a flier out there, on the inside there's this qr code, and it says, well, oh -- blank. [laughter] i -- need a summer jobsome you click on it, by golly, there you go. companies all around the country are taking extraordinary the measures these days to get people to work. we talked to the woman who's in charge of the hr department here at the legendary maury's piers
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here in wildwood, new jersey, and she says we'll do what we have to. listen. >> if someone has three days a week with, then we'll take them. if they are taking a summer class and they need us to flex around those hour, we'll work with them. so we've had to adapt and become much more flexible in order to provide that to employees and have them interested in a summer position with us. >> reporter: also doing billboards out there, and they are, they tell us, stuart, 800 workers short. they need 1500 for the summer, they're 800 short. so there you go. and they're letting us go on the rides. you know, we're pretty close to retirement. a lot of retirees are taking these jobs. you and i are pretty close to retirement. we could do worse or probably, don't you think? stuart: jeff, you speak for yourself. okay? you keep me out of that. that's a separate story. one day you'll have to explain -- >> reporter: i think you and i have been on a merry go rounds before. stuart: that is true. all right, flock, time's up.
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good-bye. there are new reports that disney could lay off more workers next week. how many workers are we talking about, ashley? ashley: well, thousands. they plan to cut those jobs next week, as you say, including about 15% of the staff in its entertainment division. now, reports say the cuts will also span tv, film, theme parks and corporate teams. affecting basically every region where disney operates. but details have not been made public yet, but it is understood some effective workers -- affected workers will be notified as early as april 24th, that is next monday. disney said in february it planned to eliminate 7,000 positions from the its work force of more than 2 20,000, part of an overall strategy to cut $5.5 billion in annual costs. stu. stuart: got it. thanks, ash. what about cuts at meta? have we got anything on that? ashley: we do. the job cutting could begin today as meta restructures teams, all part of mark
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zuckerberg's goal of greater efficiency. meta reportedly told managers they were prepare for job cut announcements that will span acquisitions including facebook, whatsapp, instagram and reality labs. meta already cut about 13% of its work force or about 11,000 jobs. by the way, november. that was in november, but this latest move is part of a cost-cutting push that will eventually eliminate 10,000 positions at the company and a further round of cuts, by the way, set to follow in may. so job cuts across the board in these big tech companies, stu. stuart: still going on. ash, thank you very much, indeed. here's the time where we show you -- get a sense of the market. we always say that. look at the dow 30, all 30 stocks on the dow. who-thirds of 'em them, almost three-quarters of them are in the red, down just a quarter, dow is off 100 points. the administration is backing a bill that would force schools to allow biological men to compete in women's sports. former education secretary betsy
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devos says it's going to the undo 50 years of progress for women and girls in sports. betsy devos is next. ♪ ♪ ♪ ♪ do the work, before the work. bodyarmor lyte. more than a sports drink. permex petroleum is leading the charge in the prolific permian basin with an attractive portfolio of oil, natural gas, and royalty assets.
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stuart: indiana one step closer to the paying for teachers to get handgun training. supporters say it would prevent more school shootings. ashley, what are the critics saying? ashley: well, they're basically questioning how effective the new training would be at preventing mass shootings saying it's just not going to stop them. but both the indiana houses and senate have passed a bill that would create a voluntary specialized firearms safety education and training curriculum for teachers and other school employees throughout the state. the 40-hour training program is designed to better prepare teachers who are already allowed to carry, by the way, on school property, but there's been no standardizedded training course as yet. supporters say simple drills and basic training can make all the difference when faced with a life or death situation. stu. stuart: got it. thanks, ash. president biden's going to
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release new rules on title ix next month. he's promised to veto the republicans' bill. that bill would prevent biological males from participating in women's sports. now, former all-american swimmer riley gaines says, quote: the women who once advocated for title ix should be outraged. this goes against everything they fought for. betsy devos joins me now. betsy is the former education secretary and also, i believe, a former swimmer. that i didn't know until i read that just moments ago. madam secretary, do you believe that biological men should compete in women's sports? >> no, absolutely not, stu. this is an issue that women have been able to progress on for over 50 years now, and this administration is proposing in 30 days of public comment to essentially undo that 50 years of progress. and i know as a former swimmer myself i never would have gone to get into that cold pool on
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those early mornings if i knew i was going to have to face biological males in addition to really fast females. stuart: it's basically a question of fairness, isn't it? >> it is, indeed. stuart: it's not discrimination, it's fairness. >> absolutely. you know, there are reasons for male teams and female teams. there are physical differences that cannot be denied or overcome. and this is an issue that cuts across every line. everybody who has played a sport, competed in a sport, worked hard knows just how difficult that is. and to think that with a stroke the of a pen we're going to undo 50 years of progress in that area, it's really unthinkable. stuart: do you have a solution here? for example, trans-athletes compete against other trans-athletes? what's -- >> i think there is certainly a way, there's a way to address those issues separate and apart
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from the fact that there need to be male teams and female teams. but this is an issue that this administration continues to overreach in every sense of the word in their office for civil rights in the department of education led by the same person who was there during the obama administration taking us further and further to the left through executive authority for which there really is no authority. so this is, this is an issue that i hope many americans will comment on. there's a 30-day period to comment, and there's the an easy place to get your comment in. it's dfi policy.org. make your voices known on this issue of fairness and on behalf of the many, many young women who want to compete and want to compete against women. stuart: right. in texas golf abbott -- governor abbott wants to pass school choice. his proposal was shot down by
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the statehouse. that, i think, was a rare setback for school choice which i think is making great progress just about everywhere else. and you're very much in favor of school choice, i think. >> absolutely. and i call it education freedom. and governor abbott has really put himself out in front fighting for this in texas. that issue is still very much alive in texas. there's undoubteddedly challenges within the house with certain members, but they have to look at the fact that over 80% of republicans in texas support parents being able to make these decisions for their children. so i encourage all of them, get on the side of families and kids and support education freedom and the choices that they need to make for the best fit for their kids' futures. stuart: may i ask one more question? i've got 60 seconds. it's my opinion that the teachers union led bynd randi
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weingarten has -- led by randi weingarten has done more damage to our public schools than any other institution in america, and it would be nice if the our public schools could be deunionized. i know that's my opinion. what do you say? >> no, absolutely. it's, the school unions and all of their allies working really in collusion to control resources and a system that is not serving students and not serving families. we've seen that in a host of ways in the last three years. all families have seen it up front and closely. and the best way to get, to defeat or can depower the school unions is to give families the education freedom, the resources that go to their children, met them direct where they go -- let them direct where they go rather the system via the school unions. stuart: i think it's coming. former education secretary betsy devos, great to have you. >> thanks so much. great to be with you.
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stuart: well, you know what it is now. it's the # 1:55 trivia question, and here it is this wednesday morning. it's a good one. what is the deepest river in the world? the congo, the amazon, the yangtze or the can -- danube? the answer after this. ♪ ss today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow. ♪ one thing leads to another ♪ . .
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stuart: earlier we asked what the is deepest river in the
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world? let me clarify this, the deepest point, not the average depth, deepest.on any of these rivers. ashley, you first. >> haven't a clue. number three. yangtze. stuart: mark tepper. >> number one, kong go. stuart: i will go with yangtze. the answer is, congo river. it reaches 720 feet. it flows through central africa. i'm not sure where the deepest point is. 700 feet deep. out of sight. mark, thanks very much for staying with us the entire hour. we appreciate that. ashley we'll see you again tomorrow. i have got 15 seconds. check the markets for you real fast. i see red ink. not that bad. it is not that bad. 87 down for the dow. 16 up for the nasdaq. time's up for me. expose to coast starts now. neil: don't look now

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