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tv   Varney Company  FOX Business  May 1, 2023 11:00am-12:00pm EDT

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visit indeed.com/hire pods biggest sale of the year is now extended! save up to 30% on moving and storage. and see why pods has been trusted with... over 6 million moves nationwide. save up to 30% now. this offer won't last long. visit pods.com today! >> the economy is not falling off a cliff. every strategist said we'd be a in recession by now and it just
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hasn't happened. it's okay to be wrong, it's not okay to stay wrong. >> one thing, stuart, that keeps me up at night that i done want to see happen is the naturalization of the banking system. i don't want to see four big banks. i want to see a lot of regional banks. you don't support them if they're not giving a platform to compete, we'll have problems. >> where do the risks come from and out of control government spending was forcing the fed to go from a zero percentage rate to a 5% federal funds rate in 14 months. >> the crisis is not going to be resolved till regulators have their day. they failed. stuart: what's this? put it up on the screen. now you know. 11:00 eastern time.
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it's may day. that's monday, may the first. a socialist holiday worldwide but we of course are capitalist when we're at work. on the markets this morning, i see green now. the dow is moved up 120 points, you're at 34,200. the nasdaq is up 18 points now, it opened loader and the s&p up 12. you've got green there. big tech and mixed picture and we're topping -- we have microsoft and alphabet up and meta and amazon down slightly, just 2%. 10-year treasury yield moving up 3.52%. okay. let's get to -- straight to this. the first republic bank has been taken over by jp morgan. the authorities are trying to calm the banking crisis. jason katz with us this morning. we have several jasons on the show. i'm confusing. >> one and only. stuart: you're so true. that's right. okay. is the banking crisis winding down with this takeover of first
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republic? >> i was walking over to your studio this morning and on 49th and sixth is a first republic bank. for a goof, i walked into the branch. you would think that it was just another day. it was total and utter calm. i think the point is that this is not a crisis. let's characterize it as turmoil but let's also be clear that depositors are voting with their feet. three things are going to happen. number one, there will be a further consolidation, arranged marriages but not necessarily shotgun marriages. secondly, banks are basically going to become utilities with a banking division inside of them. they're going to be really, really regulated. so i think -- stuart: are they going to get bigger? >> for sure. stuart: the big banks inevitably are going to get bigger and bigger and bigger. no way around. >> too big too fail is too small to succeed. my concern is what about too big to bail? what if there's a misstep at one
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of the larger banks? that's what we need to be mindful of? stuart: has anybody lost serious money in the banking crisis so far? >> unless you were an equity investor at svb and outside of that, not really. stuart: shareholders lost most because they've been blown away. >> yeah. stuart: big banks have done very well. morgan up 3%. >> lauren and i were talking about this offset, depositors more than 250 and implied guarantee and shame on you post all of this if you this inexcess 250. there's marketers and treasuries and other things to do because strange things do happen. we've all been forewarned and forget about the implicit guarantee, guarantee yourself by doing the right thing. stuart: what jp norman has done with -- morgan has done for fist republic is good for the market? >> there's stabilization as evidenced by the calm inside that first republic bank.
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what's not good is who makes the vast majority of commercial loans or the vast majority of leans to local businesses. these are regional banks that understand their market and their customers, and i'm afraid in this world with fewer banks that are going to be lending less, some of the small people are going to be dis-enfranchised. stuart: that's a long term prospect and problem. not going to hilt tomorrow morning, right? >> the markets accelerate and sniff out these issues. in the next five to ten years the banking system similar to europe or elsewhere and a handful of monster institution. stuart: that's it. okay. and markets, in the market a little, you're dipping your toes in here and there and buying some stuff are you? >> yeah, it's a market of haves and have notes. 80% of performances come from seven stocks. when i hear and i know you love your microsoft, that big tech is the safe haven trade, that's an oxymoron. i think you need to look outside
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of what has worked and recognize other areas of the market like dividend stocks and value stocks with motes around their business and pristine value sheets and recession resistant but inflation resistant and pile into the seven stocks in the market. sorry about microsoft. i'm still wrong too, that's okay. stuart: okay. jason katz, the one and only. thanks very much for joining us. >> we'll get that right. stuart: i got it. i got it. next case, hunter biden, he appeared in court today and he's petitions to reduce child support payments to the mother of his 4-year-old girl -- daughter. miranda devine is with me now. miranda, this is serious stuff. why is president biden, the president of the united states refusing to acknowledge his own granddaughter? >> well, i would assume, stuart, because hunter doesn't want him to. hunter has been trying from the very beginning to ignore this
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child and deny paternity, london roberts, the mother of the 4-year-old navy jones, had to go to court and get a paternity test to prove he was the father. in his memoir hunter wrote that he couldn't even remember having the fling with this woman, the former stripper from washington dc. that's not true because the laptop shows that he had an ongoing relationship with her for several months and in fact used to smuggle her in the backdoor of his office building so many times that the office building managers complained because the swedish embassy was in the same building, and hunter responded by sending him his resume, london roberts resume and telling them how important she was that she was the basketball coach to not only his daughter but barack obama's
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daughter, he was the president at the time. london roberts is not a nobody and she had a relationship with him and had his child and he knew she was pregnant and he's now been paying child for most of her life, quite significant amount of money and he's crying poor. stuart: now, by going to court and asking for the reduction in child payment, done a lot he reveal his own finances? we're going to learn a lot about his finances with this court appearance, aren't we? >> exactly. this is -- hunter biden is going to have to open his kimono and show us all the financial secrets that he's been hiding, and already information is coming out for instance that 10% stake in the chinese equity firm bhr turns out he off loaded that to his sugar brother attorney kevin robert -- kevin morris that paid his irs bill of
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$2.8 million. stuart: i wonder if this will become an issue in the 2024 election. >> look, i'm not sure. i think probably the white house wants to get all their criminal investigations in delaware out of the way for hunter, have all his legal problems tide up and betted down before the campaign starts. it's a bad distraction for them. this is the last thing that they want is for the money trail that republican chairman of the house oversight committee james comer is already looking into. they don't want anymore of hunter's financial dirty laundry aired, but there's nothing much they can do. the judge ordered hunter to come to arkansas today. stuart: okay. the attorney general state of texas ken paxton, launched an investigation into the companies that produced covid vaccines. maybe he's upset the ceo of moderna that got $400 million
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last year. miranda, what's going to come out of these investigations? >> look, ken paxton seems to think that he has a pretty good case and remember, he's a lawyer himself and he's had several runs on the board already, and they think that they can prove that these big pharma companies: moderna, pfizer, johnson & johnson, violated texas' deceptive trade practices act, and that was with, you know, falsifying potentially, allegedly their vaccine trial data, misleading the public on the efficacy of the vaccines, and perhaps even engaging in gain of function research. he's demanding documents today from them, and i guess he will continue on down the legal track if needs be. stuart: got it. miranda devine, you seem to be on top of the most important stories of the day, frequently. miranda, you're all right and we'll see you again soon.
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thanks a lot. now let's get back to the markets. lauren is looking at general motors, which is up this morning. lauren: job cuts. gm is cutting hundreds of contract workers at its tech center all to achieve a goal of $2 billion in cost cut this is year and upgrade by adam jonas at morgan stanley and several pieces of positive news but not that it's good for people losing their jocks. stuart: amazon, the big tech company hasn't gone up that much. lauren: it's largely down because big techs with higher rates. but interesting in february, amazon employees told you have to go to the office three days a week. that's the new minimum. report in and today is the day where they had to do that so they had time to prepare, may 1, in the office if you work for amazon three day as week. stuart: that's a very good ongoing story, isn't it? employers want you back in the office but you don't want to government what's going to happen? lauren: shakes out for them.
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stuart: remember scotts miracle grow and took off during the pandemic because everyone was growing stuff at home. they're up 3.5%. lauren: stifel says going up to $80 and increase to buy. they say the april weather has been more favorable for the can't stuart: okay. the stock is up 363%. thanks, lauren. a hospital in pennsylvania reportedly training elementary schoolteachers on how to help children with gender transitions and talking about students as young as kindergarteners. we have a report. bipartisan deal in the senate would ban kids under 13 from joining social media. my next guest is a gen zer who grew up with social media and says ban it all. major cities have been a 10% spike in murders over the past two years. most of the killings happen in areas run by democrats and all that crime costing the cities big time. we'll break down the numbers for you a little later after this.
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♪ stuart: that's fox square where we're headquartered. it's 57 degrees and a bit of a weekend of dreadful weather. jack dorsey strongly criticizing elon musk leadership at twitter. what's he saying? lauren: he was an early
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supporter of musk taking over twitter; right? he recommended it; right. but in the end, he thinks musk should have walked away from the deal and paid 1 billion breakup fee instead and jack dorsey wrote, nor db of interaural think he acted right and nor do i think the board should have forced the sale. it all went south. i would argue he's trying to draw eyeballs to blue sky, the new special media platform he's backing to be newsy and get people to go there. stuart: i understand. thank you, lauren. now this is an op ed, "preteens shouldn't be on social media. i know because i was one". ricky schlott wrote that and she's with me now. it's not so much anything bad happened to you, it's just that you were a gen zer -- no, you were on social media under the age of 13. was it not a good experience? >> i mean, i was on instagram
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from the age of 11 morays lost that i should have been -- 11 and hours lost and i should have been outside skipping around and i was scrolling on my phone. stuart: it's lost hours but not like something bad happening. >> looking at my generation as a whole, there's a staggering new statistic from cdc saying a quarter of all american high schoolgirls seriously considered suicide and self-auditoryauditon and self-harm and all that is the up tick of social media and young girls are having mental health impactses and plenty of friends with self-harm scars on their wrists they attribute to being on the crevasses of social media under the age of 13. stuart: would you flat out ban it? >> there's a bipartisan bill that's 13 as the minimum age and that's the rules but it's easy to get around and requiring them to enforce with a bit more might is a positive thing and i would
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cause us from going any higher than 13 because then you get the kind of black market even darker and more dangerous verne vases of the internet -- crevasses of the internet. stuart: kids get around things. there's a rule you can't get on till you're 13 years of age but a lot of 11 and 12 year-olds will get around it. >> we can make it harder than it is now, which is lying about your birth date but there's a misconception that young children want to be on social immeimmemedia and this burns def the social aspect of fomo and friends are there and you might be missing out but if nobody is there till 13, that removes the incentive of getting on too early. stuart: one more subject, as i understand it and you can tell me more about this, more colleges are holding separate graduation events based on race and gender identity. sounds like segregation to me. what do you know about this? >> yeah, there's schools across
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the country doing it. nyu has them, columbia has them, two of the biggest schools in our city and they're based on our you first generation, a member of lgbtq community, are you black or latine and latin x is outdated ands they're technically open to everyone, but i would wonder if you decide to waltz into one of those ceremonies and not part of the designated group how that would go for you. stuart: are they separate or not? >> they're optional, they're separate. stuart: how well are they attended? >> i don't know but i do have friends when i went to nyu who did participate in some of the ceremonies based on their immutable characteristics, which seems to be a step backwards in terms of progress but that's the new world we live? stuart: i would definitely call it a accept backwards like -- step backwards like seguated dorms and gradu graduations ands
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segregated and how is that american? >> this is the result of raising a generation of people and telling them that their group characteristics are more important than their personal ones. stuart: you're right on that. here we have it. stuart: ricky, that was excellent. thank you for coming on the show. >> thank you very ifing -- thank you for having me. stuart: on a similar vein, a hospital in pennsylvania ratterredly -- reportedly helping kindergarteners transition. lauren: you're 5 or maybe 6 in kindergartener. the children's hospital in philadelphia known as chop trained teachers from two school districts on how to train kids that were transitioning. one was in kindergartener and the teachers were together that gender ex--- taught that gender exploration was valid and if a little boy wants to put on nail polish, most parents would be
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fine because they're young. it doesn't mean they're questioning their gender, it means they don't understand it and they should respect the kid's identity themselves. another school district requested a meeting with chop to help teachers support a transitioning sixth grade eric d in both instance the parents were involved and supportive. stuart: one hospital created a series of videos showing adults talking to youngsters about transgenderrism. take me through that. lauren: this is the children's hospital in chicago and created a series of videos of kids talking about gender, pronouns and sexual orientation. the daily caller did a report on videos and they're now private and you cannot get access to them. and they quoted a 13-year-old featured in the video saying "a lot of parents think if their kids are around gender diverse people they're going to somehow turn trans". you don't turn trans but discover you are trans.
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in other words they're trying to say it's not peer influence or trendy but it comes -- exactly. stuart: that's what they're saying? okay. we're not going to take that on, are we? lauren: a lot of kids, and i speak to a lot of people all the time about this, deans in huge high schools that say the kids change very frequently, the gender that they want to be. stuart: okay. all right. fair enough. thank you, lauren. back to the markets, dower is up 48 points and nasdaq is down 33. the nasdaq is down because interest rates are actually drifting higher this morning. by the way, the s&p at this moment up to 1,000. it's the highest level since february 3 but it's backed off from that. look at big banks, please because they're doing well this morning, at least most of them are. jp morgan that took autofirst republic, that's up 2.7%. morgan stanley down 1.7% and goldman up a lit and will citi
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earlier on. big banks getting bigger and stock price going up this morning. hollywood bracing for a possible writer strike. streamers, networks, movie studios have till midnight tonight to come up with a new contract or else. the fall tv season could be in trouble. we're on it. vacant office buildings being re-purposed into residential housing. thousands of new apartments already in the works in dc. we'll hear from one of the property developers after this. ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help!
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alternative to the banks? there is turmoil in the banks, but calm on the street right with the takeover of or the purchase first republic by jpmorgan. maybe people are thinking there's no need to be in crypto hard to explain that one. but you did it well declines today. newell brands, aren't they the rubbermaid, people and sharpie and they are down 8.5% they're the biggest loser on the s and p 500. they're on track for their lowest close since march of 2020 and they hit a new low today of just over $11. you look upset several brokerages. i counted at least four that came out and they cut their price targets only on the stock . they didn't downgrade. and i guess this company just can't find its footing once again. tupperware people, right? that's right. that's right. top of what? got it. all right. thanks a lot. this week. we're going to take a look at some of the top issues that voters are concerned about for 2024. madison alworth with us. i want to start with crime, one of the voters telling you about crime, madison hey, stuart. yeah, we are hearing that crime and
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public safety remain one of the top issues for voters going into this election. looking at the latest fox news polling 88% of americans are extremely or very concerned about higher crime rates and the numbers when it comes to crime, they're really exploding nationwide. here in new york city. you see that problems with crime are continuing long after the pandemic over the last two years. overall crime is up over 45% and it's not just here. it's coast to coast. looking at chicago total major crime rose 45% year over year. and we have reporting from that whole foods in downtown san francisco, just an example of crime, which was forced to close for safety reasons. at least 14 people were arrested during the 13 months that that whole foods in downtown was open and records of 568 emergency calls were made to that location, according to the new york times. you know people that live in these cities they are feeling it every day when it comes to crime. listen to what they had to say to us. i feel
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like sometimes you turn down the wrong street. you just feel like you should have been there, but other areas. i feel fine. we used to feel comfortable walking around at night a. and uh, we feel less comfortable now than we used to make sure i'm holding like everything close to me and that i have, like my protection on me, whether it's mace or anything like that seen large numbers of police in certain places. we could probably use some more. you know, one of the things that we consistently hear from people in our nation's cities is that you need to stay alert to stay safe. another thing making this more challenging is the lack of police were seeing police leave and record numbers. so the nypd last year lost 3701 officers from early retirement or just retirement. that number is the highest. it has been in 20 years. more people left last year than they did in 2020 or 2021, so it doesn't create a safe environment when you see those record numbers of leaving, and they're also having a hard time getting people to join the force
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stewart and how are people going to vote on? this remains to be seen as it not madison. thank you very much indeed. it's an interesting trend developing here. development companies are converting empty office buildings into residential housing. strong is the ceo of post brothers and these guys specialist in converting office buildings into housing. that's what you do. is it not? our firm has been converting. ah offices and other structures into housing for at least 15 years. okay well, you've got a lot on your hands these days. where is this happening? most is it dc were current. we're currently very active in washington. we have a project at 18 25 clinical avenue, just two blocks north of dupont circle, incredible location and to us as real estate investors. that's really um, this current distress is giving us the opportunity to buy incredible locations for prices. that would otherwise, of course, because the price of come way way down. have you
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been completed a complete renovation yet of an entire building. we've we've completed a few 1000 years of conversions. we have a large project underway in washington right now. okay this cycle, i would say is very early selling. oh yeah, they're they're renting. we do all rental, but people want them people. people want them. we found great about the current distress environment is the cities with the most acute distress in the office market, which are really large coastal cities are also the places that have been the most under built for new housing for a couple of generations now, so you know, the there's been a lot of new housing in the sunbelt markets and that's caused a lot of migration from these traditional coastal cities. these these big cities have have the most distress in office right now and have frankly the most demand for housing. you have to do a lot of work, though. don't you convert an office into kitchen , bathroom, bedroom, toilet and all the rest of it. you do? um
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and work costs money, so i think the most important thing is for us. it's just cost basis . um there's a price at which these conversions of existing buildings make sense, and in most instances, those are far less than their peak value is an office building. are you getting any help from local government? not really. the biggest, i would have thought that open their arms. students say we need housing, and we've got these empty offices. come on in. come on, we'll help you. we generally find there's two main impediment to converting a building and doesn't really have to do with the physical characteristics of the building. one is the underlying zoning for residential use, and that is a huge issue were being offered enough. opportunities that if we get offered something that doesn't have underlying zoning. we're not going to take a risk and spend all the money and time to try to change that zoning. so that's the frankly the biggest thing that local governments can do. washington d. c it's frankly, one of the reasons we're pretty focused on that market. more so than new york. there is great demand in new york, and rents are great in
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new york. um but there's a problem of underlying zoning. you don't want people to come back to the office, do you? well we don't want we do ship the buildings. cities are downtown suffer. cities are ecosystems. we're enjoying this. we're enjoying this kind of golden moment we have, but um, cities are ecosystems. so you need people you need. you need people working and having a social life. um, but for us, we think that there is a huge backlog of demand for housing in these places. you're feeling pretty good about your business. i know you are. don't believe you have. we have opportunities to buy things for once in a generation prices. i mean, if you look at the san francisco building, which there's about 50 california street before the pandemic, it was valued at three. $100 million. now it's up for sale and might not fetch even. 60 million. yeah, that's the kind of problem so there's no there's culture fear uncertain . thank you. there's fear, uncertainty and doubt in the market, and frankly, it was probably slightly overvalued at
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at it sold $300 million price as a user office building, and now it's probably relatively cheap at that new price. the other biggest imperative money i mentioned with these buildings, though, besides, the underlying zoning is a path to vacancy for us. it doesn't it doesn't really work to convert a building. that's 30% occupied with office tenants. it's kind of a death knell to be partially occupied where you can't where you're not don't have enough paying office tenants to pay your debt service is an office building, but you don't have a clear path to vacancy. oh you want a totally empty office, totally empty office building, or at least a clear path to that vacancy, clear way of getting the tenants out fast. tenants have 57 years left on their lease. um they don't want to go anywhere. it's going to cost you money to get them to leave. michael you are a remarkably pleasant vulture. i mean that in the nicest possible way, michael per strong thanks very much for joining much for having me if you're not careful. you come back soon because i want to hear about good stuff. thank you very much. york's city is handing
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out hundreds of three apple air tags. the mayor thinks it will help prevent car thefts were on it. california wants to ban the sale of diesel trucks by 2036. the american trucking association calls it unrealistic. other groups settled jack up the price of your truck deliveries. we got a report on that as well. next. freedom was how. hard wire on a fence post with a cross wind on the road. mm hmm. coast to coast on fox business tried to bring a positive perspective to this crazy world. people may call that naive, but i've got a pretty good track record the financial perspective. that's second to none. costa coast on fox business invested in you. if you have employees, you need to check out the ers program
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the advice state building. that's not ugly. i didn't see the one on the left state building. i'm very sorry. i can see. thank you very much. indeed. okay new york city's mayor eric adams, right now he is personally handing out flyers to promote a city jobs fair at york college. there are about 35,000 vacancies in the city's 35 municipal agencies. he wants to attract people to come and work with him. got it, and there's this new york city is handing out free apple air tags. adams wants people to hide them in their car in case there's a car jacking in the police need to track the car. have been nearly 4500 car thefts in this city so far this year. we've been telling you about the blue state exodus that is people leaving blue states going to red states. lauren do we know how much it costs those? i mean how much money is actually flowed out billions of dollars. so this is irs data? it shows illinois
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lost 105,000 people in the year 2021. here's the number that cost the state about 10.9 billion in adjusted gross income. new york lost 24 a half billion california 29.1 billion money going out. where is it going? red states. florida's adjusted gross income ballooned . look at that 39 billion they got about 10 billion just from new york. and you can see texas is a beneficiary as well as numbers are from 2021. i've got good reason to believe that the exodus and the flow of money and people speed it up since then, give him better. these red states griffin citadel goes from illinois to miami. that was last year. correct 2022 21 next. this is another one for you. california will ban the sale of diesel powered trucks by 2036. what's going to be the effect of that? likely price hikes. but you've been warned. if you're a business in california, so truck and groups say they're concerned about the price of items and the number
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of people that they employ. but if you think of the ports of los angeles and long beach, the biggest ports we have rage trucks are used to move those containers. from the poor to where it needs to go. they're going to be impacted by this. the new california regulation will phase out the sale of combustion trucks starting in 2035, big rigs, local delivery vehicles, freight, even passenger trains. that's by 2035, then, um, by 2039. you see, local busses will be phased out in garbage trucks. the governor, gavin newsom says this will bring an estimated $32 billion in health savings because of the air is cleaner. you go to the hospital less and in the name of equity, they say minority communities are in the areas most impacted will, the american trucking association writes about the consumer? sas setting unrealistic targets and unachievable times that will undoubtedly leads to higher prices for goods and services delivered.
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not to mention combustion engines 12 years from now will probably have much cleaner engines. if they dent phase it out, just technology will get you a cleaner burning fuel. one more thing for you, that's not the one side of the country. here on the other side, new york state. first of its kind, state-wide ban on natural gas in new construction after governor kathy hochul unveiled her budget last week mandating all new buildings under seven stories be fully electric by 2026. stuart: that's three years away. lauren: yep, and three years after that the larger structures. stuart: that's three years? no new building can have gas power? lauren: that's in her budget. i'm sure there's a way to maybe prove we don't think the utility can handle this and get a work around. but that's she put in her budget. stuart: okay. all right. going to move on from that. actually i've got a programming note, there are two new episodes
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of american built running tonight. here's a preview of the mustang, roll it. >> we want to build a plane that's going to be fast and efficient. stuart: it began as a brash bet. >> he basically steam roll that had whole thing. >> h it had never been done before. stuart: daring designs and deadlines. >> we need them out on the front today. >> they desperately needed more airplanes. stuart: less sons learned the hard way. >> guns jamming and ig maneuvers. >> the engine quip. stuart: how they built the plane that beat the natzis. >> fantastic weapon of war and
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represents america like apple pie. stuart: p51 mustang. >> greatest combat carrier ever built. stuart: two new episodes of american built tonight. space shuttle 9:00 p.m. and p51 the mustang at 9:30 p.m. eastern only on fox business prime. lauren, show me the dow 30 stocks, please. again, sense of the market. half up, half down. and the dow itself is up 64 points. hollywood bracing for a possible writer strike. streamers, networks, movie studios have till midnight tonight to come up with a new contract or else. we'll deal with that next. ♪
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stuart: the skincare company beekman 1802, actually it's often compared to the rose apothecary, that's a store on the tv show schitt's creek. josh kilmer p purcel is one of e
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founders and he joins me now. >> are you compared to the rose apothecary? >> well, because we were founded in a tiny town in up state new york and my husband and i took in a neighboring farmer losing his farm and brought him to husband farm and he brought his 80 goats and started making goat milk beauty products around our dining table with our neighbors. stuart: that's all you do? goats milk. that's the basis of your company is goat's milk and turn that into skincare products. is there something special about goat's milk that make it is good for your skin? >> goat mitting is incredible. it has 32 different skin nourishing ingredients every single drop and it's been used for a millennium but we were the ones that applied the science and we were just named the no. 1 beauty brand at ulta brew i did this year. stuart: whoa, you are one of the world's biggest goat milk-based
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skincare companies. you're private but would you tell me your gross revenue for last year. >> revenue at retail were north of $100 million. stuart: whoa, whoa, whoa, whoa. wait a minute. i didn't know that . north of $100 million? >> at retail, yes, yep. stuart: and you're very much all made in america. >> that's right. all of our formulations are made here in america, and we consider that really important because as i said, kindness is a pillar of our company. and kindness means supporting your community and we still support our community of 547 people in sharing springs, new york, and work with over 24 different farms across the country. stuart: that's terrific. thank you very much indeed for being with us this morning. you told me something i didn't know. and i always like that. thanks a lot. we'll see you again soon. >> always love it, stuart. thank you. stuart: hollywood preparing for a possible writer's strike.
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how soon? lauren: tonight, midnight pacific time the writer's build of america runs out at 11:59 p.m.. they want $600 million in wage increases and can't make ends meet right now. a lot are blaming the stream the boom since they send to have shorter seasons and smaller paychecks. when was the last time the writer's guild went on strike? 15 years ago. it lasted 100 days and cost hollywood $2 billion plus. if we were to have a strike again this time, late night tv would be impacted almost immediately and all the new fall tv shows are potentially in big trouble. stuart: okay, figure that one out, thanks very much, lauren. time for monday trivia question. which disney princess has the least amount of screen time? that's a tricky one. cinderella, aurora, jazmine, or snow white? the answer after this.
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stuart: now this is a tricky one. it is the monday morning trivia question. which disney princess has the least amount of screen time? lauren: i know you think i should know this but i don't and i'm going to guess. snow white? stuart: so would i, i would guess that. snow white is the oldest of the animated movies. aurora. lauren: elder than cinderella?
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stuart: let me read this. the answer is aurora. she was only featured in sleeping beauty for 18 minutes. >> i never wanted to be a princess ever. never wanted to be a princess. i wanted to be president of the united states. stuart: you didn't want to be a princess but president of the united states? really? lauren: yes. stuart: when did you ditch this as ambition for being president? lauren: i never ditched it. i'm joking. i could never be president of the united states. stuart: independent, third party questions. lauren: personal questions. i wouldn't be a democrat. >> there is 10 seconds to go, you know how it works. "varney & company" is over, but "coast to coast," watch out, sports fans, "coast to coast" starts now? neil: all right. crisis averted at corner of wall and broad right now. you can see jpmorgan chase, th

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