Skip to main content

tv   Varney Company  FOX Business  May 2, 2023 11:00am-12:01pm EDT

11:00 am
>> debate is the debt ceiling looking at first republic this week. that's a dis direct result of te federal reserve policy and every rate hike the federal reserve does, that puts more push on banks and if they keep it up, there's more trouble out of the banking system. >> we need to focus on earning and show apple how well the consumer is doing and i can't think of a better ride or die stock than apple.
11:01 am
>> i'm a great believer that technology, which is always disruptive, always turns out to be a very good thing. net net and ai going to prove to be a very valuable tool. i don't want to see government regulation right now. >> we're going down the path where we're mixing socialism and ai. i don't trust the government to use it well. let's not put this in the hands of a government that cannot handle it. stuart: morning. everybody. it is 11:00 eastern time and it is tuesday, may the second. we're plague sundown as we celebrate the life of gordon lightfoot who passed away on sunday at the age of 84. he performed up till one month of his passing. he was a great guy and if you listen carefully to his songs, you'll understand the clarity of the sound. that's one of the great
11:02 am
contributions and the production value is terrific and gordon lightfoot was 84 84. to the markets. red ink everywhere and nasdaq and dow are down. we're down a bit on the treasury yield, down 13 basis points and lot of turmoil on the markets this morning. you're at 343 on the 10 year. now, i want to bring lauren in and the real problem for the overall market is happening. lauren: the selloff is astounding and the regional down the most is seeing the pac west down 36% and halted at many points and western alliance, comerica, citizens financial, u.s. bank corp., which is the next, if any, shoe to drop after first republic? what message is the market
11:03 am
sending? are we trying to say, is the market trying to say there's only jp morgan and i've other safe banks out l. where does the selling stop? stuart: that's a very good question and fortunately mike murphy is on the show and sitting next to me and ask answer the difficult questions. looks like the banks are sliding and the don't like the looks of that and the market is selling off. stuart: banks are sliding and jp morgan, the rich are getting richer and first republic that was huge assets for jp morgan buying for $10 million. they're losing assets and they shouldn't be in business then. if they can't operate, the market is telling you that there's going to be winners and losers. right now the regionals are losers and they're selling. i'm not saying for advocating for people to lose their jobs or for people to lose money that invested here, but the market is telling you if you're run ago bank and deposits are walking out the door, you're not going to be running your bank for much
11:04 am
learn. stuart: the authority haves to be saying, where are you going to get the money from? they're looking at a huge bailout if more than one of these banks goes down. >> well, is it a bailout or that one of the big banks ends up buying them for a great what turns out to be a great deal for the jp morgans of the world and shareholders. stuart: if they could be purr sueded, the big -- persuaded for the big banks to get involved. lauren: or say all e did positive gain sits are -- deposits are guaranteed over $250,000. would that ease them? stuart: would that calm things down? >> people are saying they don't to want be stuck in the next potential silicon valley bank which really got ugly for a little bit. if you see first republic, that just kind of came and went and didn't really cause much friction anywhere. i think in people with their deposits are saying i'm going to take my money to where i feel it's safest. and i don't think the government can do anything to force people to keep their money in the
11:05 am
regional banks. stuart: can't do that. lauren: is this a question of credit risk; right? does it go further, is there a fear that some of these customers at these banks should things go wrong not be able to pay back their loans, putting the bank in jeopardy? stuart: it's the scale of it. you've got four or five banks with serious 10:00 o'clock 15, $10, 15, 20% on the stock price and that shows a scale of resto crew required that may just be too big. >> stuart, when there's a bank and run on the bank "run on the bank, that's bad. that done a lot have to be based in fact. but the fact that people are pulling their money out, the bank can't operate if their deposits are leaving. that's what we're seeing. when you talk about scale, you saw it with first republic, there's no scale that will impact the system. these banks -- if they don't survive, they're going to -- their assets or good assets will be acquired by the bigger banks that will get richer and they'll move on and regional banks for
11:06 am
now won't be in business. stuart: okay. change the subject real fast because i know you watch the market super close. thursday, we've got apple's earnings and what do you have to say about apple's earnings? >> we spoke about big tech leaving the market or we needed leadership from big tech and they've pretty much delivered across the board so far. i look for the same from apple. you know, if apple here's the setup for apple, if there's something the market doesn't like, it may sell off a few percentage points and a slight pullback. if there's something that the market does like and talk about new products or better phone shipments, you're going to see the stock break out towards that $180 range towards new high levels and tech deliver sod far and i expect the exact same from apple. stuart: they could do well if you mention artificial intention. >> they will for sure baa what are they doing with it? stuart: staying with us for the
11:07 am
hour. >> yes, sir. stuart: thank you. that's the markets and the bank problem. now this. hunter biden marched into court with small army of lawyers monday. i wonder how much they cost. hunter wants to cut the child support payment he has to make to his former lover. he says he can't afford it. apart from looking like a deadbeat dad, he opened himself up to a scrutiny from the no nonsense judge and she could force him to reveal his income and how much came from china and who bought the paintings and it's a political mind field and publicity nightmare for the whole biden family. the child in question is the granddaughter of the president of the united states of america. but he does not recognize her. how is she going to feel about this rejection, never being held by her father or grandfather, not growing up with her cousins. a christmas time, the president's dog got a stocking, his seventh grandchild did not. yet the president place the role
11:08 am
of this kindly old guy always ready with a smile. always trying to bring people together. i think he should man up, get honest and reverse course. tell hunter to live with the problems he's created and invite his granddaughter to stay at the beach house this summer or check out the white house where her famous grandfather lives. that's more position. that's my position. i'm losing my temper. jimmy fayetteville la joins me now -- fayet fail l layla -- jiy fayetfailla joins me now. >> they're doing their laundry in public but denies it's family and it's bizarre and joe biden likes to claim there's no such thing as someone else's child he didn't tell that to hunter. think of what the kid is missing out on. you go to visit with grandpa and play hide and seek with classified documents in the garage. help him get back on his bicycle
11:09 am
when he falls over. the kid is missing out. stuart: it's the image. this president is the family guy. >> this is dirt bag stuff. our country is so heavily plagued right now bay lack of a strong parental presence in the here . the fact that -- home. the fact they're brazenly advocating for not only having a presence and he's challenging in court for this kid to not have his name. they're openly demonizing this woman and child and the media is derelict in the appetite to cover this is ridiculous. they're not even talking about the financial ramifications as you said. if they open up the books on him, hunter biden was a first time artist. there was no market for him when his paintings started selling for a quarter of a million dollars a painting, if you think the price is high, meet the painter. but holy heck -- stuart: that was a goodling. >> i'm not messing around, varney, you bring your a game. all of the money this guy made was made in fields where there
11:10 am
was no market for his services. even if you took it over to barisma. no un-was saying there's a guy with no background in energy and got thrown out of the chateau for doing too many drugs and he come overs and the board will take off. that wasn't happening. they were clearly trading on the family name. is it criminal? we don't know but we should be looking harder because if they're compromised, we're all compromised. stuart: it's a hard thing to talk about when you're criticizing the president for not recognizing his granddaughter. >> at least we found one little kid he doesn't want to sniff. stuart: i'm noing do change the subject dramatically. we need to lighten up a little bit. i'm going to talk about the met gala in new york city last night. my interpretation is they're a bunch of super rich people, super rich liberals signaling look how much money we've given and how rich we are. >> that's my favorite thing is most of them are woke elites and lecturing us about inequalities
11:11 am
in society and walking around dressed as a cat in a costume that cost more than the average house. it's really stupid, but what i love about the met gala is it's a constant reminder there's no correlation between wealth and intelligence. there are plenty of intelligent wealthy people but there's plenty of that going on, okay. you can't tell me any of that is intelligence. stuart: you were at the white house correspondence -- >> was i ever? stuart: was it a bit like the met gala? >> it was a good time but no cat costumes. we didn't drain the swamp in dc but drained the bar. we had a really good time, and i have a good time and easy time getting into the gigs because if you look at my outfit, there i am with katie pavlich, i look like a waiter and they let me in. there's i am with bill barr and what do you think of the pink? stuart: turns me on. >> hey girl. i was just making sure. there i am with some of the fox ladies making it look easy on
11:12 am
the fox carpet, caitlyn jenner, riley gains and the met gala is a cry for help. when i was a cab driver, mind you, i used to drop people off at the met gala and back in the day, they took cabs and once in a while a guy jumped in dressed as a swan and i don't know where he's going because it's new york city and always picking up some kind of time traveler or pantless hobbit but they were all going to the met gala. stuart: pantless hobbit. that's a good one. i haven't crossed many of them. jimmy, you're all right. appreciate it. a new warning as white house pushes for electric cars and the battery is a safety problem. we've got the report. 27 states pushing back against the white house new mortgage rule forcing people with good credit to subsidize mortgage r --loans to higher risk and wee star investor kevin o'leary to talk about that and update on his plan to build a new refinery
11:13 am
in america, a $14 billion project. where does it stand? kevin o'leary is next. ♪ this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. 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
11:14 am
to acting in your best interest. that's why it's gotta be a cfp®.
11:15 am
so... i know you and george were struggling
11:16 am
with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive a free kohler® toilet with the purchase of your walk-in bath. and take advantage of our special financing, no payments until 2024.
11:17 am
stuart: we have officials from 27 states now and they're pushing back against administration's new mortgage rule. they call it rule a disaster. grady trimble with us now. that rule is in effect and in effect now. is there anything that can be done to reverse it? >> stu, house republicans are trying to. they've introduced a bill that would repeal it. gop lawmakers here on the hill
11:18 am
agree with those finance officials you referenced who wrote that letter. they argue that the new mortgage fee structure is not only unfair but it could also be dangerous. >> this is the most half baked idea that i've seen them roll out. what i really get concerned about again is stability in our financial markets. we're already seeing banks being taken over by other banks, this is nothing more but creating another catastrophic cascade effect on our small banks that are in the mortgage business. >> the top democrat is defending the new fee structure. senator sharon brown said it could help lower income home buyers or those whose credit score has taken a hit for other reasons. >> there's people that don't have quite as good a credit score and maybe they had a
11:19 am
medical injury or work happened and it was out of their control, i want them to have a shot at the american dream. reporter: jimmy petronis that you heard from and this electric vehicle rule or any other number of rules from the biden administration argue this is overreach in order to push an agenda. stu. stuart: got it, grady, thank you very much indeed. i'll stay on real estate. charlie munga. i'll call him the side kick of warren buffett and warning about the commercial realize market. look who's here. kevin o'leary, the man himself and joining us one more time. great to have you. jamie dimon says and i'm quoting, this part of the banks crisis is over but can't be over if you have issue withs the commercial real estate market. is that the big problem now facing the banks, kevin? >> it is. i mean, we have a rolling banking crisis in this cycle. what's occurring now is trying to determine what percentage of
11:20 am
the 4500 regional bank branches are next. in other words going solvent. it really comes down to what we've seen for these first three, two of them in california and one in new york, it boiled down to for lack of a better term, idiot management and not managing qualitity and duration and if you don't understand banking why are you banking and that's all you need to know and in athrill cases they were o -- all three cases they were oblivious and they failed. the question is who pace? great that jamie dimon can step up and bank ovamerica and others may be forced to get phone calls on saturday morning from the feds saying look, you guys contribute the most to fdic and we think you should take responsibility and eat this garbage because there's going to be a whole bunch more failures, small, big, different regions but you eat it. not the shareholders not the deposit holders. you eat it, you big banks eat
11:21 am
this stuff. i want to put up my hand because i'm a jp morgan shareholder. i own shares of jp morgan. i don't want to eat anymore garbage banks. i'm just one shareholder. no more garbage for me, please. i'm done. let someone else eat the garbage, not me. i'm done. stuart: there's pressure all around and a run on the stock of these big regional banks. on a scale that suggests any rescue or monitor by the bail amount or pay for them will take them over and not going to be there and too big a problem and the banking crisis is on a new leg right now, isn't it? >> yes, it's a rolling leg but i mean, stuart, let's think about it in practical reality. a regional bank goes bankrupt and so what. anybody with 250,000 or less is covered by the fdic insurance, which is basically paid for by you as a feed payer when you put money into any bank and the
11:22 am
banks are paying for the banks. the point is id i can't tell management is very -- idiot management is very expensive and not shutting down the american economy. we need to purge the idiot managers out of the system. there's 4500 banks and you can't tell me 15 or 20% aren't managed by idiots. they heaver had to do anything for 20 years and rates were the cost of zero and many never lived through rapid rate hikes and didn't know what to do and clearly not good bankers. we can't keep them around. they've got to go. any other sector when you fail, you get fire department. it's okay. let's whack them and shut the banks down and consolidate to super regionals like every other country has done. it's not the end of the world. everybody relax. it's a very good process. let them fail. stuart: on that note, i'll change the subject because i want an update on your plan to build a refinery in the united states. you made a big deal out of this a couple weeks ago on this show. any progress? we'd l love to see you build a w
11:23 am
refinery in america, can you do it? >> yes, yes, can do it. i have three states i'm in dialogue with and the strategy is this, instead of trying to do what the chinese pulled off because off supreme leader. he can mandate we're putting in a $14 billion refinery. we can't do that state side. we don't have a supreme leader and don't have somebody that controls eps clearly. however there are rules right now it looks that three state haves existing pipelines. we can build $2-4 billion refineries that can be useful of the nerve nucleus technologies to sequester carbon and supply jet fuel and gasoline and heating oil and everything else we need because we're an economy now that's not just in time inventory, we need just in case energy. i think i can get that done on bipartisan basis underneath the threshold of epa and can do that in three states it looks like and i'm all over it. states have to contribute towards the feasibility studies and then i can fund the debt and
11:24 am
the equity on a sovereign wealth basis. that's how we're going to do it, stuart. stuart: that's a wonderful thing, we wish you the very best of luck. love to see you come back and tell us about this one. before we go, i want to bring up something that i've been arming about all -- arguing about all morning, i do not want to see a pause in the development of artificial intelligence. there's a call for a pause to tamp down on development. i oppose that because i think that would just give free reign to the rogue actors and we don't know what they're doing in secret. i want our guys to compete, get the best ai and win for us. where are you in this? >> 100%. 100% let the market be the market. let the brightest and the best compete. this is simply a service that people will go to based on functionality and use and in vertical cases of business. there's no shutting it down. the geneny is out of the -- g
11:25 am
genie is out of the bottle and we don't want people telling us we should do this or that. the market determine it is and let everybody decide if they want to use it or not and let the market decide. i'm 100%, let's just go, go, go. let's be number one, use this technology to make businesses more productive. i'm not worried about a robot chasing me down the street. not yet. i can watch on terminator any time i like. this will be a business tool to enhance productivity margins and free cash in a moment i like it. stuart: excellent. i think you're all right, kevin. i think you're so good that the next time i'm down in the -- on the gulf coast of florida, i'm going to invite you over from miami for an early bird special, and i think you'll take it. >> i'll definitely do that. here in miami, when the fed will make a move on rates, we look at fish. that's how we get our zen.
11:26 am
i look into the tank and i go ommmm. that's how i do it. stuart: you always deliver, kevin. that's great. thank you to mr. o'leary. staying with ai, people on the internet are asking ai to make commercials. sometimes the results are terrifying. watch this. well, now, that was supposed to be a beer commercial. looks more like a horror movie. we'll tell you more. there are only three new car models that start under $20,000. all of them gas powered. our car guy gary gasilow testing the cheapest of them all, the nissan versa. more after this. ♪
11:27 am
what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. with a majority of my patience with sensitivity,
11:28 am
i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work. 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!
11:29 am
central banks are buying gold at a record pace. galantas gold has discovered high-grade gold in a world-class district. fully permitted, galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold
11:30 am
stuart: dow industrials down 500 and nasdaq 78 and s&p 72. percentage drops on the major
11:31 am
averages and mike murphy with us and has stock picks with him. that was a very fortunate stock pick, uber, up 7% and you own it. >> i do and it's gone through growing pains but uber is on its way to profitability and earnings came out this morning and they beat, stuart, in every category they're measured on. ridership up, delivery up, revenue up, this is a company that's on it is way to profitability and that's why it's up 8% today in a down market. stuart: their year on year revenue in the last 12 months it went up 29%. gigantic. >> the question was whether they were going to be able to become a profitable business. that's no longer a question. this company is on it is way to being an extremely profitable company and have a lot of levers to pull to increase that profitability. stuart: now, you brought with you your stock picks and ones that you like and would buy. chegg is on the screen, that is down 50% today because of the impact of ai on their business. go ahead. >> to clarify, i would not
11:32 am
recommend buying check here and to say in the earnings they came out with good earnings and ceo announced their business was getting hit hard by ai and i think i just brought this to point out, stuart, artificial intelligence has a lot of great uses and it will be a big part of technology growth going forward, but it's going to leave some people lying in its wake and check could be one of those. stuart: you got it right. jp morgan, you own it, do you like it? i own it and love it and like what jamie dimon is doing. look at what was going on and we touched briefly, for $10 billion, he bought a lot of assets from first republic and able to buy wealth management clients that are clients that will be paying that bank money for a very long time so it's case of the rich getting richer. i'm not advocating for the regional banks to go under but rather than being a hit to fdic and government, let the big banks that can afford them like jp morgan take them in house and it'll be a big win. it'll be an investment that bay
11:33 am
pays big dividends for jp morgan. stuart: he got a good deal, didn't he? >> great deal and may get more. stuart: bud light is doing real badly today. >> they came out with great earnings announcements, stuart there's been a huge boycott against bud light for a lot of different reasons. people conservatives going against them so i think this is one where you have to pay attention that if you mess with someone's beer, maybe this is where the boycott has really hit, i think a lot of people are still sticking with this and i don't -- i think b budweiser wil have to change if they want to try and get the customers back. stuart: a very successful boycott. stay there, mike. outside the studio to fox square here in new york city. we're finding our car guy gary gasilow low and testing out the -- gary gastelu and he's testing out the nissan versa, v-e-r-s-a. i believe it's the cheapest on the market.
11:34 am
how much is that one, gary? reporter: yeah, only three cars left with sticker prices under $20,000. this is the lowest price starts just under $17,000 and that's with the delivery fees and all that. what do you get for that? you get a five speed manual transmission, power windows and also air conditioning. you also get adaptive automatic emergency braking standard on the basic models -- stuart: we appear to be getting interference to put it in a polite way of putting it interrupting gary's performance there. i'll tell you that the nissan versa, which is testing or has tested. it goes out for $16,925. fully loaded is $22,460. there you have it, one of the cheapest cars on the market. interrupted a little bit right there outside. all right. there's a new warning out there about these massive battery
11:35 am
backs in ev cars. ashley, what's the problem? ashley: well, the big one is evs can often weigh thousands of pounds more than comparable gas powered vehicles and for instance the 2023 hummer ev pickup comes in at a whopping 9,000 pounds and it's 2900-pound battery and that weighs more than an entire honda civic, just the battery. age infrastructure and particularly parking gar garagey not be ready for the hefty evs anded ad weight could pose a significant threat to pedestrians in car accidents and the baseline fatality probability per car crash climbs by 47% for every 1,000 pounds the vehicle weighs. heavy evs could be dangerous and another issue, evs are capable of rapid acceleration and hummer ev could go from 0 to 60 miles an hour in roughly 3 seconds, incredible. but the extra weight can cause
11:36 am
longer stopping distances and that can increase collisions between vehicles. interesting. we talk about fi fires with ev batteries but this, is the weight and how heavy that can be. stuart: tell me one more time. i can't remember the name but goes from 0 to 60 in how many seconds? ashley: roughly 3 seconds, the hummer ev which, you know, hummer is a big car as it is so that's mind boggling. stuart: they've got an engine or motor in each wheel so you can drive each wheel independently. go sideways, triangular. anything. okay. getting one? ashley: just have to brake in time. stuart: there you go. watch out for that. murphy is with me, you can afford one of the -- a hummer ev. >> stuart i question the -- i think a hummer buyer isn't necessarily the same as an ev buyer so yes, the car is moving
11:37 am
and a nice car, i'd love to know what this -- i don't know this off the top of my head because what are the sales numbers like for that because two ends of the spectrum there. stuart: very perspective guy. not bad at all. breaking news, the white house mass approved sending 1500 active duty troops to the southern border coming right before the end of title 42. an attorney make as drastic career change and start as tequila company and chicago-based company says their spirits are clean, smooth and sipable and gluten free and sugar free. the founder joins me next. ♪
11:38 am
♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪
11:39 am
11:40 am
11:41 am
for businesses of all sizes, there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose a next generation 10g network that's always improving, getting faster; more reliable; and more intelligent to keep you ready for today and tomorrow. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™.
11:42 am
stuart: that is clear water beach, florida. 77 degrees and we're playing this song because my next guest is the founder of inspiro, tequila. welcome to the show. glad to have you. you got started and you were a attorney and you started making tequila in the year 2020 right before covid struck so you got three years under your belt. how much are you selling? >> yes, i have impeccable timing starting a company right before covid. our production has been ramping up so we start out in 2021 producing about 550 cases of tequila and increased last year to about 5500 cases in production and this year we're
11:43 am
projecting to produce about 15,000 cases of tequila. stuart: 15,000 cases. now that's real progress. going from nowhere to 15,000. that's pretty good. where do you produce the teq tequila? >> so tequila in order to be labeled 100% agave tequila, it needs to be done at appalachian of origin just like champagne so has to be produced within certain regions of mexico. ours is s dis-'tilled and bolted in mazlatan, mexico. stuart: how much is each bottle of tequila? >> the selling price on the shelf ranges from about $52.99 to $54.99 is our shelf price. stuart: and your profit margin is? >> you know, i don't have the exact numbers on our margins.
11:44 am
stuart: you want to give me a ballpark on that? you can do that, you know. >> yeah, i don't -- i'm not exactly sure where we'd be at the gross profit margin, our costs have been fraction waiting a great deal because we've -- fluctuating because we've only done three production runs and based on transportation, logistics and especially starting this during covid, i feel like there's such a wide range and i don't think we've mailed down a really good kind of average yet. we're hoping to get there this year. stuart: you're not going to answer so i'll ask another question, why did you pick tequila? >> well, i'm a tequila drinker and that's been my adult beverage of choice for many years. what i discovered is all the tequilas i was drinking contained undisclosed additives so ie i searched for a brand tht was additive free and had a taste and local aroma and messaging that appealed to me and thoughtful consumers like me and didn't find that so i thought there was a opportunity and big market opportunity to
11:45 am
create one. stuart: mara smith going from nowhere to 15,000 cases in three years, that's pretty good. inspiro tequila, thank you for being here and congratulation on your success. >> thank you for having me. stuart: next time bring samples. new beer and pizza commercials created by artificial intelligence are scaring users online we understand. tell me more, ashley. ashley: well, look. take a look at some video joe and ad for non--- and the ad for this shows ai created likeness of people at neighborhood barbecue laughing and smiling awkwardly but the tough technology makes party goers look demonic with some having more than ten fingers if you want to look and count. one twitter user wrote this is what hell looks like. others said is this like some giant lsd trip? i wouldn't know but meanwhile a second ai-generated commercial and selling a pizza brand got
11:46 am
attention of elon musk who posted an exploding head i mo jim jordan and i think in short -- emoji and in short verdict on ai-generated commercials is most calling downright disturbing if not creepy. stu. stuart: okay. got it. thanks very much indeed, ash. those commercials were a little disturbing. urn watching. disturbed. >> disturbed, yes. but we have this technology, stuart, that has a great potential to change a lot of lives for the better. but i think one of the things we're going to be using ai for shouldn't be or won't be generating commercials for beer or pizza. it's part of the internet and people play with the new technology and learn it and you can take to the bank the fact that lookout three to five years, artificial intelligence will have a major impact on how we do a lot of things. stuart: no question about it. thank you, mike. now, show me the dow 30 with a
11:47 am
sense of the market. it's pretty much all red. it is all red with one exception, that stock in the top left hand side of the screen, chips act can't read. johnson & johnson. okay, j&j. everything lower. chinese navy repeatedly collapsing the philippines military. president biden is getting involved planning to support the philippines in case of attack. enas kantor freedom is a vocal visit ick of china and he -- critic of china and he joins me next. ♪
11:48 am
new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. (vo) verizon small business days are back. april 27th through may 3rd. get a free tech check and special offers. like a free 5g phone. get started today with verizon business. it's your business. it's your verizon. say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod. century lithium is advancing their clayton valley project towards production, with the goal of becoming a domestic
11:49 am
lithium producer for the growing electric vehicle market. nevada's lithium is the key to america's green future. century lithium 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®. we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far.
11:50 am
(chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch.
11:51 am
bottom right hand corner and dow is down 500, left hand side financials are all lower. we've not yet fully gotten over the banking problem. now this, the administration has approved sending 1500 active duty troops to our southern border. ashley, they're going to get there before title 42 is lifted i take it? ashley: yes, they will. we expect the troops to be sent to the border, southern border in the coming days.
11:52 am
it's in anticipation as you say of title 42 being lifted on may 11th. health order, that health order had allowed the u.s. government to turn away thousands of illegal migrants at the border to prevent the spread of covid, but that order coming to an end and it's believed that troops will serve in mostly administrative and transport roles to free up law enforcement and border patrol agents and the troops will carry weapons for self-defense but again, will not help with law enforcement tasks. the deployment will be very similar to troop deployments ordered by former president donald trump. student stuart: thanks very much, ash. president biden hosted the president of the philippines at the white house and biden reiterated their iron-clad partnership as tensions rise with china. enes kanter freedom is here. enes, you don't trust the biden team to be hard on china, do you? >> thank you for having me. definitely not. look at what -- china is the biggest threat in our world right now and our position needs to be way tough on some of the
11:53 am
dictatorships out there like china and turkey. stuart: why isn't biden tough on china? really good question. that's the one thing. stuart: what do you think? >> hunter biden? stuart: you think? the chinese have got something on biden because of hunter? >> i think so. that could be one of the thins and that's what i'm thinking. look at what china is doing is harassing taiwan, japan, and philippines and everybody and we are in position -- our position needs to be tough on the chinese communist party. stuart: change the subject. you're thinking of running and getting into the politics, aren't you? possibly florida? >> somewhere warm. preferably florida. you know, i have conversation with many of my friends in congress and they're like, what are you waiting for? we need your voice. you know, just go out there and just bring freedom. stuart: would you be a republican or democrat? >> what do you think? stuart: possibly republican. >> exactly. stuart: odds are. i'm going to change the subject again. i know you've got a new thing on fox nation, the price and
11:54 am
splendor of freedom. tell me about it. >> people only know parts of it and this was the first project i want to go out and tell miochol story growing up in turkey, coming to america, becoming american citizen, with nba and turkey with my family going through all that and the fox family did a lot and spent a lot of time on this and i want to give a huge shout-out to them. stuart: the first shot was somebody in handcuffs. that wasn't you? >> no, my dad was in jail because i talk about some of the problems that are happening in turkey and they put my dad in jail for awhile. stuart: do you still have family in turkey? >> i do. we're trying to get them out but they're not letting them leave. stuart: you cannot play basketball? >> unfortunately not because i talk about the problems happening in china and china and nba got billions of dollars, you know, tied up and 40 nba toners
11:55 am
got tied up $10 billion in china and shows why i'm not in the nba. stuart: you can't fight that? >> i'm 30 and can play another five years. i'm healthy and love basketball, but it's a shame how the biggest dictatorship in the world can fire the american citizen from american organization. can stuart: you know, there's room in congress for a 7-foot tall guy that knows something about freedom. there's room for you there. >> i cannot wait. stuart: can i watch this on fox your documentary? >> yes, please subscribe and watch it. stuart: thank you, enes, always a pleasure, sir. time for the tuesday trivia question. here we go. the mississippi river runs through baton rouge, louisiana, and which other state capitol? st. paul, minnesota; des moines, iowa; jackson, mississippi; or springfield, illinois? the answer after this. ♪
11:56 am
♪ we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard. now i see who all that hard work was for... ... 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! >> right now, a child is being diagnosed with cancer. >> [ voice breaking ] being a parent of a child who is diagnosed with cancer [sniffles] is a parent's worst nightmare. >> st. jude children's research hospital works
11:57 am
day after day to find cures and save the lives of children with cancer and other life-threatening diseases. >> st. jude, to me, inspires hope. it gave me the power to believe that anything is possible. >> st. jude is...everything. [ voice breaking ] i feel like they really changed me and my family's life. and i'm really grateful for everything that they do. >> in the united states, one in five kids with cancer still dies. and in many other countries, four in five kids with cancer will die. you can help change this for kids everywhere. >> the children are children, and cancer is cancer. the treatments are the same. like danny thomas said, no child should die in the dawn of life. >> st. jude was founded in the 1960s with the goal that no child should die in the dawn of life -- and that means no child, period,
11:58 am
anywhere. >> you can help st. jude save lives everywhere. call, go online, or scan the qr code below right now and become a st. jude partner in hope for only $19 a month. and we'll send you this st. jude t-shirt you can proudly wear to show your support. >> this fight is not over. ♪ and that's why donors are so important. >> you can help support the mission of st. jude. finding cures. saving children. ♪ ♪
11:59 am
stuart: well, we did ask. the mississippi river runs through baton rouge, louisiana and which other state capitol? okay, we've got everybody playing now. enes, you go first. >> number four, springfield. stuart: springfield, illinois. what's your name again, mike? >> i'll go with jackson. stuart: jacksonville. ashley? what you got? ashley: des moines, i'll be different number two. stuart: i'm going with
12:00 pm
springfield, illinois number four, and the correct answer is -- >> we all got it wrong. >> [laughter] stuart: enes what's wrong with you? you don't know state capitols in america? >> i was getting ready for my citizenship test too. i was perfect score. you know, they give you 100 questions and you have to get like six of them right and they ask you 10 questions i got 100%. stuart: i took that test. i took that test. >> did you get 100? stuart: id's as a matter of fact how many supreme court justices are there? >> 11 or 12? stuart: nope, nine. that's part of the test. you have a big question about this. i think that we wrapped up this extravaganza you're all right, enes good stuff. don't worry about it i've got five seconds that's it for "varney" & company for today "coast to coast" starts now. neil: all right, a sell-off you can bank on it right now all but johnson & johnson and the dow 30 up right now, or down i should say, again, on

64 Views

info Stream Only

Uploaded by TV Archive on