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tv   Varney Company  FOX Business  April 24, 2023 11:00am-12:00pm EDT

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i bought the team! kevin...? i bought the team! i put it on my chase freedom unlimited card. and i'm gonna cashback on a few other things too. starting with the sound system... curry from deep. [autotune] that's caaaaaaaaash. i prefer the old intro! this is much better! i don't think so! steph, one more thing... the team owner gets five minutes a game. cash bros? wooooo, i like it! i'll break it to klay. cashback like a pro with chase freedom unlimited. how do you cashback? chase, make more of what's yours. >> how does it explain biden's
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policies other than that he is potentially compromised? it isn't just hunter, jim, and joe. this was a crime family, and they are compromised to our greatest enemy china. >> this is the biden campaign in 2024 and an issue that is not going away. this story is one that the american people want us to get to the bottom of. >> if the biden administration goes through with these new regulations, they are meant to decapitate the natural gas and coal plants across america. this is about putting half of our power plants across the country in jeopardy of closing down. this is very very sinister. >> as interest rates remain higher i don't see them cutting back down. rates being higher is not good for technology. >> i think that inflation is declining nicely. in less than 12 months we've gone from cpi 9% to cpi 5%. that's real nice. ♪
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stuart: i don't mean to detract from the music, "turn up the music" i just want you to look at the street. that's midtown manhattan on a monday. do you see any cars coming down the street? do you see many people on the street? no you don't. lauren: i might have slept in a little late. it was fine this morning. stuart: monday in new york. you've got to come and see it. it's a revelation. there's nobody here. all right let's get on with it. 11:00 eastern time monday, apri. excuse me to the markets. dow is up four, nasdaq is down 65. big tech we're all waiting for the earnings reports which start tomorrow by the way. microsoft is out tomorrow and so is alphabet. they are all down at the moment. we've got every single one of them, alphabet, apple, meta, microsoft, amazon are down. show me the yield on the 10 year treasury. it's actually come down a bit. down to 3.52%. all right, now this. it's october 2020.
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right before the monumental trump vs. biden election. the final presidential debate is just days away, and the new york post issues a blockbuster report on hunter biden's laptop. now, that is a huge problem for the biden team. trump might use the revelations against their guy. what are you going to do? what they did was discredit the story. play a dirty trick. enter anthony blinken now the secretary of state but back then he was a biden campaign advisor. he contacted the acting head of the cia, michael morrell. together they work its rated a letter from 51 intelligence professionals saying the laptop story was russian disinformation that was a lie and they knew it. days later, candidate biden used the letter in the debate. it proved, he said, that what trump is saying, "is a bunch of garbage." it was not garbage.
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the laptop held a sorted tale of financial corruption which should have been revealed to voters. it was a successful dirty trick, because biden won. look what we've now got. a disastrous foreign policy. the chinese know all about the money that's flowed to nine biden family members. they've got the details on influence peddling. the russians have invaded ukraine and with china have created a new world order aimed at unseating the united states. such are the consequences of un bride eled trump hatred and un principled interference in an election. third hour of "varney" starts right now. mollie hemingway with me this monday morning. good to see you. is this turning into watergate. is the crime that gets you the coverup? >> so many things we've experienced in the last few years are so far beyond water
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gate, it's not even funny but the problem we have is most of our corrupt corporate media are unwilling to cover these things accurately, but this is, you know, a very bad situation for the biden administration, particularly with more whistleblowers coming forward and meddling in the justice department and things like that but it's not just that blinken and biden knowingly lied about russia being the cause of the hunter biden laptop. something that they knew to be false, and then later prosecut ing a proxy car against russia? this is not exactly how you want to run things but also that our government agencies helped them. you know, the fbi had that laptop for a year and helped run the info against the american people to claim that this was russian disinformation. there were agencies that the department of homeland security, defense department, state department, that all colluded to violate americans free speech and free press rights and that's what makes it more than just a dirty trick. this is very bad action by our government. stuart: yes, i'd like to see
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something come out of it but i'm worried that nothing happens i'm worried about that. let me change the subject for a second here. we've got this poll, a new poll that shows 38% of voters feel exhaustion at the idea of a biden-trump rematch in 2024. i'd be pretty exhausted i agree as well but it seems like this is something that the voter s don't want. >> yeah, you're seeing strong numbers particularly who do not want joe biden to run, but i'm not sure if it matters. there weren't people wanting him to run in 2020 and yet he won that election, and i think that republicans really have a wakeup call that it doesn't even really matter candidates if you don't have an effective ballot operation, which democrats have invested in for decades. they can run someone like joe biden who doesn't even need to campaign who can be unpopular and then you have of course a complaint media who helps with that but republicans can't just complain about that if they want to win a presidency no matter
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who the nominee is, they better have a ballot operation that in some sense competes with this highly-effective operation that democrats have invested so much in. stuart: is there any significance to susan rice? she's out of the white house at the end of next month, and this is right before biden announces his re-election campaign. any significance to this? >> well, everyone is just talking about how it's very interesting timing, right on the eve of him announcing. seems a curious time to leave. people are wondering if she's trying to get out ahead of some bad information. she of course has been involved in multiple administrations with some questionable behavior in terms of meddling in elections and other problems. stuart: we'll have to wait and see what happens but the timing is fascinating. >> we'll find out. stuart: at some point we will. thanks very much for being here, see you again real soon. back to the markets please. remember, everybody we've got big tech reporting their earnings later this week, it starts tomorrow with microsoft
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and alphabet. so you don't have that much price movement for stocks in advance of those very important numbers. nonetheless, jason katz is with us and he's prepared to talk about the markets with us. are you not? >> yes, sir let's do this. stuart: everybody is encouraging me to save money and go to a six -month treasury bill, get 5%. money fund, 4.5%. a bank cd, their rates are going straight up. why should i not respond by saving my money? >> so the fed is tippy toeing in a dark room with shattered glass. stuart: [laughter] >> my point here is we are near ing if not at the end of this rate hiking campaign, and i'm not suggesting they're pivot ing anytime real soon but in the not too distant future whether it's later this year, the following year, rates are going to be the other way, so if you have a disproportion at amount of your money in short-term cash, great. you're earning more than you did for the last decade, but why not lock in those rates at higher
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and longer duration? so extend your duration because when the recession hits, those rates are going to turn and you'll have that re investment risk. stuart: oh, not a bad idea. suppose inflation does slow sharply. a lot of people think it is going to slowdown sharply. would that create a stock market rally? >> well the simple math of how cpi is calculated you're looking at year-over-year comps, so by definition, by some point late this year, early next, we're going to be at or around 3% inflation. will we rally? i don't think on the large cap growth or tech side. in fact, i looked this up this morning. large cap growth has outperformed large-cap value by 18% this year. that's the greatest disparity ever. i mean, that's the biggest lead growth has had over value, so everyone's been hiding in growth as the safe haven trade. since when is faang safe haven?
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yes there's predictable earnings growth but they don't have the defensive characteristics that large-cap value does in terms of high barriers to entry, high free cash flow, so i submit to you when we get that drop of inflation, you're going to see a precipitous catchup in the value cyclical trade relative to the growth stocks. stuart: wait a minute. what does that mean a catch-up in the value cyclical trade? >> what it means in english, sorry, is that growth stocks which are up precipitously this year are probably going to pullback a bit. stuart: big big tech and growth stocks you think they pullback a bit? >> correct and the more value- type names, more dividend- oriented names lower- multiple names are likely to play catchup so on an index level, we might pullback on the nasdaq and on the s&p but the large-cap value index is probably going to move up at least five if not 10% from here, once we get that drop of inflation, which we're going to
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get. stuart: in the meantime i'll extend out my maturities so i get 4-5% rate out into the future. >> before rates drop lock it in now, man. stuart: okay, dude! good stuff. oh, lauren has got the movers and starting with microsoft which is down. thanks. lauren: okay, so it was down bigger earlier on a cut at exane but from microsoft rule -infused generative ai capability into our consumer and commercial offerings so they are going big on ai even more. stuart: i thought we be good. lauren: yeah it is. stuart: so why is the stock down lauren: it was down more than 1% it's coming back just a little bit. they report tomorrow so you'll get more on ai. stuart: right i've never owned stock in tesla, but i understand it's moving today so why don't you tell me? lauren: it's down over 3% today. a group of long term tesla investors that holdover $1.5 billion of tesla shares wrote a letter to the board saying look, elon musk has gone
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too far. he's over-committed with twitter , with spacex, and he needs to focus more on tesla. they say his not focusing has cost them $580 billion, since he first announced his twitter intentions back in april of last year. stuart: haven't cost the investors that. those particular investors, its just cost the company that 500 billion. lauren: yes, well -- stuart: they aren't out 500 billion these guys. lauren: specifically no the company in market cap. the market cap of tesla. stuart: caterpillar, number one on the dow list of movers and it's up. lauren: just under, well 1.8%. they report on thursday, nearly three-quarters of their sales come from construction and from energy, both of those industries are slowing, but jpmorgan came out today and said look, everybody is too bearish. they expect cat kater pillar to offer a positive outlook. stuart: we've got 45 minutes left on this program see what you can do for microsoft by 12 noon. thank you very much. climate protesters delay a
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formula e race, even though all the cars were completely electric. the climate folks disrupted it anyway, and we've got the story. aoc making an aggressive push for an extra trillion dollars worth of green new deal spending , an extra trillion. she says the climate fight only gets more expensive from here. say that again. the mayor of new york city wants to put migrants to work. he's now begging for help from the white house. madison alworth has that story, after this. ♪ asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®.
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stuart: eric adams the mayor of new york city has pledged to find jobs for tens of thousands of migrants that have come to the big apple, but, he says, he needs president biden to make it happen. madison alworth has the story. can the white house actually do anything to help? reporter: so, stuart, it's not up to president biden. congress has the ability to change immigration law, so right now, asylum seekers, they have to wait 180 days to apply for employment authorization, and even then, it's not guaranteed. right now, there are over 34,000 migrants here in new york city getting houses, housing, services, education, and that's why mayor adams wants to put them to work. >> there's only one thing they ask for. they don't want our free shelter they don't want free food. they don't want free clothing. they say "can we work"? can we work?
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reporter: but those within immigration law say this is the last thing that should change. it would increase the number of people trying to cross, making the border crisis worse. >> the asylum system is not a short cut to work. what it is is an international protection. the vast majority of them are not running from persecution in the sense that it's defined in the asylum and refugee statutes. what they are is they are economic refugees and asylum is not a free pass for anyone who doesn't like the conditions in their home country to come to the united states. reporter: money is really at the root of this problem. housing, education, food and healthcare for the migrants will cost new york city $4.2 billion by next summer. mayor eric adams has been vocal calling out the white house saying they turned their back in new york. he was in washington d.c. last week meeting with top biden administration officials discussing this very issues but so far we've reached out and there's been no update on if
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he's gotten any further legal or financial assistance from the biden administration but again, he's calling on biden. the reality is it's up to congress if this were to change. stu? stuart: we hear you madison alworth thank you very much indeed. joining me is the new york city council minority leader that is joe borelli. joe? mayor adams says the migrant crisis has ruined new york. i personally think it's the open border policy, which has ruined new york. what say you? >> well, i think we're seeing unraveling of two experiments in social justice that progressives around the country have given us both sanctuary city laws and the idea of an open border. when you think about sanctuary city laws when you go back to the trump administration where there was little illegal immigration, much less sanctuary city policy was the way for the woke progressives to do a cute little thing where they strike back against trump and say how progressive and wonderful they are. now the multiplying factor has played a role and now there's too many people.
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there's not enough resources and the actual implications on cities like new york are astronomical. this mayor is looking for the off ramp and i don't think he's going to find it. stuart: but the end result surely is these people are here. they're staying, they're not going to go back. we're not going to deport them. we're not going to send them home. they're going to work. that's the reality isn't it? >> under a democratic government there's no chance of them being deported. the only off ramp is to find these folks jobs and get them out of our system at the very least that takes them off the cities profit-loss margin. stuart: that would mean the open border policy won. >> correct. stuart: they got what they wanted. vastly increase the population of the country, change the country forever. they won. >> and as we saw in the last report by madison, you see what it really would fundamentally do it would change the policy where by anyone who is seeking economic status in this country can simply get a work visa and work right away. that might be good with my new york city hat on, but in my american hat on, that's a very
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very dangerous policy to implement. stuart: quickly, congresswoman alexandria ocasio-cortez here is what she says about the green new deal. roll tape, please. >> it is important to acknowledge that the scale and the scope of what we are proposing is massive , but the scale and the scope of the climate crisis is even bigger, and if we are not proactive about very aggressive ly and transformationally addressing our infrastructure, our workforce, our preparation for the climate crisis, then the costs of not addressing it are going to be far greater. stuart: joe, do you think that climate change is top of mind to new yorkers at this moment? >> no way or at least not in the way she thinks. new york is sort of the prototype of crushing green new deal climate legislation at our local level. we're about to see a tower right down the road from here, one bryant park.
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this was a lead platinum building opened a few years ago, literally al gore opened the building and cut the ribbon. this building isn't going to be able to comply with new york cities green new deal environmental laws and will face $2.5 million a year in fines. what does that mean now for people who live in her district in queens who own a co- of or condo? how are there 50-year-old buildings adjusting to the million dollar fines? so it's on people's minds but not in the way progressives like her think it is. stuart: nicely done, joe borelli , thank you for joining us sir. see you soon. now listen to this one. climate protesters delayed a formula e race. it was in europe. the cars were all electric. every single one of them. ashley? what was the problem? ashley: good question. formula e is one of the greenest racing series in the world but several activists in white shirts climbed the fences of the racetrack in berlin and sat in front of the cars. now the protesters message which they say this was all about it's
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time to slowdown because we're on the highway to climate hell, with our foot on the accelerator gas-powered or electric. they were quickly removed from the track by security guards, a formula ex spokesperson said look this protest was completely unrelated to the event, but it's a trend, just stop activists have interfered in three sporting events over the last week. they damaged the world championships in the uk as well as two horse races. the big ones, the grand national s, in england and scotland so they are making real pest of themselves. stu? stuart: this ones for you. looks like ryan reynolds soccer team, they are moving up in the world. tell me more, ash. ashley: yes. one of my father's favorite teams. the soccer team that ryan reynolds and rob mcilhaney bought back in 2021 won promotion this weekend to the english football league.
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look at the celebrations, and languishing in the semi-pro league for 15 years but a little bit of hollywood magic has paid dividends. the whole saga has been the subject by the way of a documentary on fx called welcome to rex. after winning promotion reynolds posted to instagram, very overcome with emotion. he said everything i own smells like champaign, beer and grass. i'm still somewhere between giggling and sobbing. this town and this sport is one of the most romantic things on earth. thank you at wrexham. that is absolutely terrific. they were skeptical at first when portfolio came in and now, of course rye on reynolds got the key to the city too. stuart: ash, 3:00 eastern time, wednesday afternoon, i absolutely guarantee that you are watching the man city, most important soccer game of the year. am i right? ashley: you are right. who wouldn't be, right? stuart: [laughter]
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most of our audience, probably but there you go. all right, ashley. listen to this one. math class going woke in missouri. they are rewriting word problems to make them nor gender inclusive. we'll try to explain the logic behind that. speaker mccarthy says the president is afraid to negotiate the budget. roll tape. >> this rests upon his feet not because he made a bad decision. the real decision is he's afraid to even negotiate. stuart: steve forbes says biden is playing chicken without children's future. steve is next.
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stuart: all right, time for this day in history. american built, on april 24, 1889, the edison general electric company was incorporated. a few years later 1892 it became the company we know today as general electric. now, you know. that was your grandfather's stock. don't forget to watch new episodes of american built tonight, the mars rover, 9:00,
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the new river gorge bridge 9:30 today fox business prime. susan is laughing i don't know why. the gorge bridge that got you a mars rover? >> no, both sound very exciting but you know ge is being split into three companies now. stuart: i heard about that actually. okay. are you going to cover big tech for us because they're reporting soon. >> four out of the five biggest reporting this week as you know i'm sure you've marked it down, alphabet, microsoft kick it all off tomorrow, and these two have been part of the ai artificial intelligence trade this year, with chatgpt going head-to-head with bard when it comes to search and bing. both will be talking up their artificial intelligence buildout , with an expected slowdown in their traditional earnings that they are advertising from l google perspective. both google and microsoft are up 19% this year in the first four months of 2023 because of the ai boom, and i want to show you another ai stock since we're on this ai theme.
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remember ai has been monstrous, but downgraded by wolf research to sell with only $14 in their view because they think earnings will disappoint. micron, which is a chipmaker that the u.s. might ban from selling to china as well as nvidia and amd for certain ai and high-tech chips. stuart: wow. i saw sundar pachai. >> if we're talking about alphabet we might as well talk about one of the highest paid ceo's on the planet over $200 million in compensation last year. 226 million, molts of that in stock options, and you know, some would say, well high-tech, the fact that your stock was down last year, was it worth it to pay them that much money. we're talking about nine figures stuart: alert senator elizabeth warren. alert the chair of the senate budget committee that will be bernie sanders. alert them because they have something to say about it. first republic is rallying but they report after the bell.
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>> right so this is interesting we're heading into earnings with the expectation that they are going to do pretty well. you already got the hint last week when western alliance, a similar small regional bank actually saw the deposits go up this month so that's pretty much what you're expecting from first republic recovering, the month after silicon valley bank collapse. also first republic is already down 90% this year, so you only really have upside from here, right? so you're on the upside, other lenders are higher on one more expected rate hike in early may. stuart: my prompter says talk about the non-tesla trade. what's that? >> it's interesting because tesla is down today, despite the fact they are increasing their spending by a billion dollars over the next year or so. so the ev trade is still alive and well. you might not be buying it to tesla but look at the battery makers, and the plug powers which makes hydrogen power also lucid getting a boost so there is green when it comes to ev's. stuart: quantum scape, doesn't
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it sound like a james bond movie >> i'm such a nerd, i see it as a solid state battery maker which is how it's advertised to be. stuart: [laughter] well-said thank you, susan that's cool. speaker mccarthy has accused president biden of ignoring the gop over the debt limit. oh, listen to this. >> he wants to spend more money than we spent during covid. he added $6 trillion. that's where inflation was created, so he's creating inflation, making us dependent upon china, and then he's jeopardizing medicare and social security, because for the first time in a 10 year window, not just a highway trust fund but medicare and social security becomes insolvent so it automatically gets cut. this rests upon his feet not because he made a bad decision. the real decision is he's afraid to even negotiate. stuart: steve forbes wrote about this. he says biden is just playing chicken with our children's future and steve is with me now. he is he playing chicken with
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the kids? >> he's playing chicken with the whole credit of the united states. biden figures he can make the republicans stand down, go along with his regulatory and spending spree and republicans made it very clear they aren't going to do it and they put something very reasonable on the table. fight, amc don't spend the money you already haven't spent from the covid lockdown. stuart: that's reasonable. >> little things like that. how about working for medicaid and food stamps and the like which we used to have before the covid crisis. sensible things like that, and the tougher things are the wasteful money they are proposing an electronic vehicles which one of the things i think they should ask for is where are the minerals going to come from? spell out in detail where the minerals like cobalt are going to come from? like using child labor and the so-called democratic republic of congo. spell it out and let the american people see the implications of what they are proposing. stuart: they are just playing games with the default on the debt. it's not mccarthy doing it. this is the president.
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this is the president and mccarthy is right to call him out on it. there's plenty of money coming in despite the spending of the government. plenty of money coming into pay the debt. pay the interest. pay the military. pay medicare. pay social security. they are just playing a dangerous game, so everything they describe to the republicans , they are the ones practicing it. putting the country in jeopardy. stuart: real fast. susan rice leaving her position as senior domestic policy advisor to the president. leaving the white house. what's the significance of that? >> it's significant because she was virtually de facto president stuart: whoa. why do you say that? >> because the president needed help, and he was getting it from the far left and she was a channel for that along with a couple of others in terms of setting real policy with this administration. he just went along for the ride as he's always done throughout his career and this is another reason why despite all "the talk" he's going to announce next week, maybe he will but the fact of the matter is he
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won't be the democratic party nominee in 2024. stuart: that's exactly what i've been saying too. steve thank you very much. >> you're right. stuart: we're right. thanks, steve. thank you. florida governor ron desantis questioned about his 2024 during his trip to japan. he was in tokyo. what did he say, ash? ashley: well, like a true politician, stu, he completely dodged it. watch this. >> i'm not a candidate, so we'll see if and when that changes. ashley: i'm not a candidate so we'll see if and when it changes classic non-answer from mr. desantis who has, of course yet to officially launch a white house bid, but he has been acting like a candidate now for months. he did say earlier this year, that he would make a 2024 decision after florida's legislative session wraps up in may. by the way after he visits japan , he heads to south korea, and the united kingdom. stuart: he wants to look good on
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the world stage. why not? ashley: yes, of course. stuart: thanks, ash. we have 5% inflation. because of that we're not putting as much money into our retirement savings. we've got the numbers on that, dangerous trend. a new survey finds managers think gen z is the most difficult generation to work with. why are gen z folks getting such a bad reputation? an expert tells us all about it , after this. ♪ ♪
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developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food. stuart: well, well, well. looks like inflation is hitting our retirement accounts. ashley webster with us again. how bad is it, ash? ashley: yeah. it's not pretty i can tell you
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that. a quarter of americans have pulled back on saving for retirement because of persistent inflation. according to a new data, 12% of people last year stopped putting money away for retirement all together. americans already far behind by the way in putting money away for retirement. according to credit karma, about 27% of people age 59 or older have zero retirement savings, period. now, retirement accounts are often the first to suffer when the cost of living skyrockets. 30% of those surveyed had trouble making ends meet in 2022 , up from 24% in 2021. even more discouraging though, 39% of those surveyed didn't even have the equivalent of one months living expenses stashed away. difficult times, stu. stuart: yes it is, all right thanks, ashley. we've got another of those surveys a new one and it shows 79% of managers think gen z is the most difficult generation to work with. 20% of those managers say they
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have had to fire a gen z worker within a week of their start date. they say gen z, they are entitled, lazy, easily distracted. whoa! tim elmore is with me who wrote the book on bridging the generation gap in the workforce. all right let's start like this. why does gen z have a reputation of being difficult to manage? >> well, frankly, they come to us with a very different perspective. if you stop and think about it, this is very common today. a student can go through 16 years of education including college and maybe never have had a full-time job. i had three jobs in college, so it's a different animal and i think it's going to feel a little bit to a manager like a cross-culture relationship that we're going to have to really work hard to meet in the middle. stuart: apart from that difference that you're talking about never having a job, doesn't social networks, aren't social networks kind of responsible for a very different attitude from youngsters? >> absolutely. in fact, i think the generation
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gap got bigger as the screens in our life went from public to private. so when i was growing up we had one screen in our house. it was a television. a black and white tv. we all gathered around, watched the show together, laughed together, talked together. fast forward to today. we've all got our own screen and we can be an echo chambers where a 16-year-old girl can have instagram account and five finst a accounts, fake instagram and her parents have no idea so we are in those silos and again bridging the gap will take work for managers and employees. stuart: let's bring back to the office. how can a boomer, baby boomer, probably 60-plus by this age. how could they relate to a gen z person in the office? >> well, three things very interesting in our research. when i surveyed all five generations that might be in a workplace today, i asked them, what do you want from other generations as you interact? well you can imagine i've got a myriad of answers but three came
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up in every single generation. one, was humility. i want you to approach me with humility which i think communicates i probably don't know it all. i have something to learn. i think that's true on both sides. number two is respect. that's an old fashion word but i think we need to begin with respect and belief rather than make them earn it, and then number three, curiosity. what if every generation, young and old, were curious about what the other had to offer? i think that's going to be, now that's emotional intelligence issue, but i think that's going to be our answer. stuart: what happens when ai comes on big time? all bets are off aren't they? >> yeah, absolutely, and well we expect less, maybe more answers but less perhaps humility, respect and curiosity but i'll tell you what i'm telling managers today. don't think control. think connect. i think as i manage young team members, and something isn't going quite right, i want to tighten the screws on control but control is a myth. i've never been able to control
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the attitude of a teenager or a 20-something but if i see connection, maybe it's an arm around the shoulder rather than a tightened fist and i get to know them and i build a relationship, that connection may be my answer to better influence in their life. stuart: tim, i know you know what you're talking about but please don't ever put your arm around, don't touch anybody, okay? come on now. >> [laughter] stuart: you know the story. >> that's right, metaphorically speaking. stuart: we're out of time but i hope you'll come back and see us again, tim, because you know what you're talking about. tim, thank you very much indeed, sir >> thank you. stuart: you got it. 11:46, you know what that means? we show you the state of the market. i'd call that a pretty even split between winners and losers the dow is down just 48 points, that's what we've got. a poll in the "wall street journal" finds most republicans think fighting woke ideology is more important than protecting social security. really? mark meredith has the report after this.
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stuart: a "wall street journal" poll finds over half republican primary voters see fighting woke as a top issue. perhaps more important than protecting social security. really? mark meredith is with us. come on, mark. is wokeness really going to play that big a role in 2024? >> well, stu, it's the voter whose get to pick the issues which matter most and we are inching closer to 2024 and a growing number of republican primary voters say they want to hear candidates address plans to fight vehicleness. the "wall street journal" asked the question, to 1,700 likely republican primary voter which is is more important, protecting medicare and social security from cuts or fighting woke ideology in schools and businesses. by a blowout margin some 28 points, more voters wanted to hear about how wokeness can be stopped. this issue has come up in past elections, just go back to last years mid-terms, but it appears this is only something we're going to be hearing a lot more about. take a listen to how much the wokeness topic came up just within the last few days.
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>> the woke represents a war on truth and because it's a war on truth, we must represent, we must engage in a war on woke. >> make no mistake about it. the battle against radical, gender ideology is a battle for religious freedom, and it's a battle we must fight. >> you know, talk about woke ness. in arkansas we still think being woke is when you can't sleep at night. >> [laughter] >> but in a serious vein, it is a challenge. reporter: so there it is very clear republicans are ready to embrace this issue but democrats are already preparing their counter attacks. >> when trump was president, all about red ink and wokeness is a smoke screen for an extremist maga agenda that serves their creepy billionaire elite, not american families. reporter: but the wokeness issue also transcends politics. we've talked about it with
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businesses, media outlets, universities are all facing questions about how the wokeness issue may impact them, so this is also an issue, stuart, we'll hear a lot more about going forward. stu? stuart: woke is a big issue on this program, i'll tell you that mark meredith and thanks for that great report see you again later. please, show me the artificial intelligence stocks, ai stocks. researchers just proved, that's a big word, proved that artificial intelligence boosts worker productivity. this is the first real-world ai study outside of a controlled lab setting. all right, it found customers support agents, customer support agents who use generative ai, were 14% more productive than those who didn't use ai tools. the study also found the least skilled workers benefited the most from using ai. now you know. thousands of teachers are using ai to write their year-end reports. according to the mail on sunday some teachers are paying what? 12 bucks a year for robots to write personalized reports about
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their students. all they got to do is enter a few bullet points of information the bots do the rest. one school district in missouri is putting they, them pronouns in math class. ashley, you've got to come into this. is it going to get really confusing for kids isn't it? ashley: it's confusing for me, i don't know about the kids. according to the school district , non-binary people will be represented in word and contextual problems via the pronouns alongside regular gendered people using he-she pronouns. got it? supporters claim the inclusion of the non-binary pronouns will "help students develop their mathematical identities and move them to see the beauty, joy, and connectedness of mathematics as a way to see , make sense of and change our world" and i have no idea what that means. the school district says it decided to update the curriculum based on the feedback of student s, parents, and teachers, and according to this theory, the inclusion of they, them pronouns will serve to lessen
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the existence of sexism or xen ophobia. i could read that story a hundred times. i'm not going to get it. stuart: neither am i. i'm glad you read it though. ashley: yeah. sure. stuart: here you go ash. this ones for you and i. the monday trivia question. what percentage of the state of maine is covered by forest? 37%, 52%, 68% or 89%? the answer, after this. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. . . s so we do better when clients do better. that might be why most of our clients come from other money managers.
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consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan. and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing]
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stuart: i thought this was a really good question. what percentage of the state of maine is covered in forest? why don't you go first, ash? >> all right. i have been to maine many times. beautiful state. there are a lot of trees. i will go with 68%, number three. stuart: i will one up that, i'm going with 89% on the grounds that if you look, there it is. it is 89%. 17 million acres of the state of maine are forested. that is fantastic. if you look on a map it is all green. virtually nothing else there except for that. ash, thanks for today. see you soon. we'll watch wednesday, 3:00 p.m., arsenal, man city. time's up for me, "coast to coast" starts now. with david asman

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