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tv   Varney Company  FOX Business  May 4, 2023 11:00am-12:00pm EDT

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>> biden administration is not only ignoring americans, they're also ignoring partners that could help solve the problem. nine out of ten people do not qualify for asylum, so instead of busing them all over the country, bus them back to their country of origins. >> -- freedom and opportunity, it's doing a lot to hurt those things. the fed's interventions have hurt or economic growth. they're operating off of a quad
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model. >> i think the markets are okay, it's sort of a goldie lockses situation. >> we're finally getting back to the that point where good news is good news. jerome powell says we're done raising rates, he is effectively sidelining himself which means if we get good news tomorrow, it's just plain good news. ♪ ♪ ♪ stuart what on earth is going on? can you see me on the monitor there whilst our producers battle it out with light sabers? i know what's going on, folks, believe me, i know this. it is may the 4th. may the fourth be with you, got it? lord of the -- not lord of the rings, "star wars" day. okay, you can end the battle, ladies and gentlemen. i think we're cool now. it's 11:00 in the morning, ands it is thursday, all day. okay, the battle's over. connect those markets, why don't
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you. there's a battle for you. cow's down 339 -- dow's down 339 expect nasdaq 57. here's why. look at the regional banks. huge selloff again today. we've got pac west now down 51%, western alliance down 38%. that's a big selloff in the banks again putting pressure on the overall market. big tech, not so involved in this downplay. amazon and microsoft are up, meta, apple, alphabet down but just slightly. the 10-year treasury yield, last time we checked it was moving sarply lower. same story, now you're down to the 3.32%, down 10.5 basis points, as they say. that's a very low yield. now this. here's the news: a new whistleblower says joe biden, when he was vice president, engaged in a criminal scheme to take money in exchange for a policy shift. the scheme involved an unnamed
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foreign national and an unnamed foreign country. top republicans, senator grassley and congressman comer, say there is an fbi file on this. they want to see it because, quote, it has been alleged that the document includes a precise description of how the alleged criminal scheme was employed as well as its purpose. that's what they're saying, and that is very strong stuff. the president is under federal investigation and so is his son, hunter. we are told that federal prosecutors are close to a tax and gun charges against him, and he is in and out of court fighting with his former lover over child support. here's where the white house basement strategy comes in. the president and hunter will not sit down for interviews on this. the president will send out his hapless press secretary to make a convoluted no comment and then, of course, blame trump. always happens. it might work though. these incidents took place years ago. voters may be approaching scandal that fatigue, and please
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don't expect the media to dig deep into a president they're desperate to keep many in office. but it will be hard to save the president's image. he comes on, or he tries to, as a kindly old man who is wise to the ways of the world. but he's accused of being involved in a bribery scheme, a get rich quick family enterprise, and he still hasn't recognized his own granddaughter. third hour of "varney" starts right now. ♪ ♪ stuart: come on in, mollie hemingway. we've got questions for you. can the president's image be saved? >> well, this is a very significant news story, and you mow that it is because senator grassley is involved. he always works with whistleblowers in a very careful way. and learning that our fbi has information about the specifics of an alleged bribery scheme
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while doing, you know, seemingly nothing about it, there are all sorts of problems related to the biden family business. like, everybody understands the way it works. you give money to biden pa family members in exchange for favors to be named later. and the idea that we don't already have a special counsel going into this is massive. but as you point out, president biden could not have a better friend than the he has in the media who will likely do their best to cover up for this. stuart: this is a real breakthrough, it sounds to me like a real breakthrough. senator grassley has seen this document which says this, this and this about a criminal scheme. a big deal. >> yeah. they have been working with high level whistleblowers inside the fbi and department of justice. that is so rare, by the way. you do not get whistleblowers in those departments. but they'll open up an investigation on a republican on the slightest predicate, but they're not opening up investigations even though we know that there is this biden
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family business, there is all sorts of allegations of wrongdoing, and they leak out that they're thinking about charging hunter with a few low level crimes. that's not really going to cut it. they need to be showing real transparency, and i would not count senator grassley or representative comer out. they clearly are working with a very high level whistleblowerrer, and they're going to demand answers even if the fbi or department of justice says, oh, we've decided to classify that, that will not satisfy these members of congress. stuart: i just wonder if the president or the democrats will ever pay a political price for this. at the moment they're paying no price at all. that's my opinion. moving on, title 42 the ends a week if from today. 1500 troops going to the border. is in that, you've got to send troops down there, is that that an admission of failuresome. >> well, we've had this white house claiming repeated arely that there is literally no problem at the border. they keep saying there's nothing to be concerned about, no worries. they, of course, famously came
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in and immediately tore down all the protections at the border that had been carefully put in place under the previous administration, and now all of a sudden we're send 15g 00 troops. i think that's as much of an admission as you're going to get from this administration, but we really have problems coming. stuart: mayorkas is going to the border today, the board or czar, vice president harris, is at the white house chairing an a.i. meeting. do you have any comment? [laughter] enter well, it's remarkable that kamala harris has not had much of a portfolio and then what she has been given she's just done a horrible job with even as they say they're going to make her more profiled during 2024 election campaign since everybody knows president biden is going to be 87 at the end of a second term, so they're trying to make her more high profile. mayorkas has serious problems. his job is to protect the border. he's basically overseen the complete overturning of our border to mexican cartels which are not groups you really want to be working with.
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i'm sure he's getting down there, but there's a lot more that needs to be done. saw. stuart: they are actively allowing the mass migration of central america to north america and doing absolutely -- they're a facilitating it. it's what they want. i'm afraid i'm out of time, but a great pleasure, mollie hemingway. thank you. >> take care. stuart: back to the markets, please. dow's down 300, nasdaq's down 40, s&p down 25. gary kaltbaum with us. jay powell says the system is sound and resilient. what say you, gary kaltbaumsome. >> he doesn't know what the heck he's talking about. i don't think him or yellen have any understanding about banks, and i say that seriously. and also with depression because they're the two most important people, financial people in this country. banks are only good as their deposits, and if they lose deposits, they go bye-bye, and they get picked up by somebody else, and that's what we're seeing. we're seeing raids on small
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banks and that's because the big banks now know they can sit and wait til they're getting close to go under, buy them for a song and a cannes and get guarantees -- and a dance and get guarantees on losses like what happened with first republic. they need to do something universal to protect things going forward. i'm not sure what it is at this point in time, but i suspect there's going to be more. you're seeing it again today in the regionals. that. stuart: yeah, some of them are down 50, 40%. i mean, obviously, confidence has not been restore thed to regional banks. and look, i mean, could this spill out to the whole economy? >> yes. look, the bottom line is these are the pipes of the business. and i heard somebody say the other day, oh, we'll just lose all the regional banks, it'll be okay. it'll not be okay. the word confidence is a huge intangible to investors, traders
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as well as businesses, and we don't want this to worsen. i have two words -- three words or that i've been telling everybody, watch stock prices. if the stock prices of these regionals continue to crater like this, 50% drops in a day, nothing good's going to come from it. and i hate the fact they keep saying everything's fine while three gargantuan banks -- by the way, when youd add up their total assets, it's much higher than it was in '08, and they're saying everything's a-okay. it's not. i think the country would love them to just tell it the way it really is and that they are going to address it in every way, shape or form. but so far they're just sitting back. and then jay powell raises rates yesterday while the 10-year yield is down at 3.3%. the real market's screaming at him not to, and he still does it anyhow. i'm not a fan right now. stuart: you've got us all worried. i've got 30 seconds left. tell us about apple's report which comes in five hours. expecting a solid report or
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what? >> well, estimates are for being down single digits, earnings and sales, and they're very good at beating the numbers, so i suspect they will. i'll give you a little positive here, i love the action of the nasdaq on a relative basis versus the rest of the market right now. nasdaq is the growth arena and the risk-on arena. and you can see today it hardly wants to go down while dow's down 300 and change. if that that continues, i think there's going to be to some points to put on the scoreboard in technology land, and maybe it starts with apple. we'll see. stuart: oh, we love to the aerothat. gary kaltbaum, thanks very much for cheering us up at the end of your report. >> we try. stuart: you did. ashley's watching the movers. shopify is up 27%, ash. ashley: it is surging. that's one way of putting it. they posted a surprise first quarter profit, stu. they also announced they will cut 20% of their work force. investors like it. by the way, that's the second
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round of layoffs in the last year but, again, the stock up nearly 28%. meantime the, peloton way downed today. they just reported a wider than expected loss in the third quarter. the stock down 13.5%. by the way, peloton also saying they expect fewer new members to sign up this year. that hitting the stock. if how about ferrari? you got the money, do it. saw first quarter profits jump 24%. they also had a 10% increases in shipments. and, by the way, they say more people not just buying the base model, they're choosing to add on more expensive options. how about that that? up 5.5%. macy's is opening more stores in strip malls. the ceo says this is a pivotal test for the company's expansion strategy. this comes after the retailer decided to close many stores inside major malls across the country. the malls themselves have been shut ising down, the stock down if 3.5%. stuart: macy's in a strip mall. it wasn't like that when i first
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came to mentioner i can tell you that. nor you. marc. ashley: no, it wasn't. stuart: just a few minutes from now vice president kamala harris will meet with the ski -- ceos of the four big tech companies about the risks of a.i. any headlines, you'll get them pronto. michelle obama launching a new brand of healthy foods. remember when she tried making school lunches healthier? kids called it gross and threw the food out. full story coming for you. the navy facing backlash for hiring a drag queen to lead a new recruitment push. a retired navy seal commander is here to react to that next. ♪ you can see -- ♪ oh, what's goning on? ♪
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stuart: well, we're concentrating a hot on these western banks, western alliance in particular. it's down 38%. earlier today there was a financial times report which said western alliance was considering a potential sale. well, western i alliance, the bank, has responded to that and here's the quote: there is not a single element in the article that is true, end quote. they are now considering all legal options in response to the article. nonetheless, the weakness in the banks has spread to the overall market. that's why the dow is down 300. president biden is proposing tighter national security rules around military bases. all right, ash, what prompted that one? ashley: well, it comes after federal government officials warned about possible national security risks when a chinese company bought some farmland in north dakota not far from an air force base.
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well, now the biden administration proposing to tighten security around eight additional military installations across the country by requiring a strict review of foreign entities seeking to buy property around those facilities. it includes military sites as you can see on this map in north dakota, south dakota, california, iowa and texas, also arizona on that map. if approved, the proposed security expansion would give the government the authority to review any foreign individual are purchasing land or real estate within a 100-mile radius of certain military bases. kind of makes sense, i believe. stu. stuart: thank you, ash, got it. now listen to this, white house press sec karine jean-pierre says you know should not strike outside its borders -- ukraine should not strike outside its borders. >> we are unable to con firm the authenticity the of the reports at this time, so i don't want to get into speculation from here about what happened. here's what i will say: since
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the beginning of this conflict, the united states is certainly not encouraging, enabling, oren abling ukraine to strike beyond its borders. we've been very clear from here about that. but again, i don't want to get into speculation from here about the authenticity of this report. stuart: okay, look who's here, retired navy seal commander dave serious. -- dave series. d dave sears. why does biden not want to attack inside russia? >> we don't want to go to war with russia. if you attack inside russia, our law has been this is a defensive war on the part of ukraine. one, we're not at war with russia. we are supporting ukraine's defensive nature of its own territory. so as soon as you start going over, you're supplying weapons to use offensively to attack russia, you bring nato and the u.s. into it and give russia a legitimate reason to attack the the same.
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stuart: commander, you and i have gone at this before, as i'm sure you remember. i don't think you want ukraine to win in the sense that they could push russian troops out of the territory they've occupied since february of last year. you don't want them to win, do you? is and i don't know why. >> i want ukraine to win, i don't think that they can. so look as past wars. if russia's right on the border of ukraine -- we were unable to win vietnam because laos, cambodia, right on that line. when you have a safe haven in pakistan and the taliban can come across freely, it's impossible to win the war. russia's right on the border. they could continue attacking crimea and the donbas and those areas without any repercussions. unless you go into russia, so now you've got to go to war with russia on their territory the, and i don't think that's something that we want to get involved in, in our national security interest. stuart: just about an hour ago on this program a former cia guy
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with experience in russia turned and said, look, the russian army is just fading away. it's falling to pieces. they can't win. so why don't we exploit that weakness? come on. >> okay. so let's go back a little bit into russian history which isn't that far back. in stalingrad in world war ii, thaw literally they've -- gave their soldiers a bullet, no rifle, nothing else, and threw them into the fray and said go find a dead boy -- body, take a rifle and fight for mother russia. they still have plenty of mass. stuart: okay. we'll have to agree to differ on this one. i'd just love to see putin get a bloody nose, but that's another story. totally change the subject, commander -- [laughter] if you'll forgive me for this. drag performer harpy daniels is the navy's new digital ambassador. the navy hopes this is going to
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boost recruitment. they're 8,000 short this year. commander, is this drag queen influencer going to work for them? it didn't work for bud light, did it? >> no, and it'll probably have blowback and repercussions the opposite way. let's take out the arguments of cultural, teamwork, unity, how does that affect, you know, a trans person in that work space, how does it affect it and the ability of the navy to do its job. the navy's job is to protect shipping and commerce, to project power and to fight wars or be a part of fighting wars and protecting the national security of the united states. so now you're recruitment, you're talking about transgender people that may be, some estimates, 1.6 million people in the u.s. 13 and over. now, of that, how many are qualified to serve in the military? you have to be physically, mentally and intellectually qualified. that means physical fitness tests, intellectual tests you have to pass and morally means
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no drugs, no jail time. how many are qualified? generally a populace of your recruitment is 70%. you're talking about putting an effort -- so this digital ambassador's one of five, 20% of your effort at a super small portion of the population while risking alienating your actual recruitment base. this is pure wokism. the navy and the department of defense and the office of sec defense has gone off the rails. stuart: commander, you make a lot of sense. thanks very much, we appreciate. see you again soon, i hope. >> thanks, stuart. stuart: we'll celebrate the victory many ukraine somehow or another. a lot of red ink, the dow's down 300, the nasdaq is down 41, s&p down 24. look at the maker of wego, they're limiting starter coses for new patients. -- doses. they want to avoider a shortage for peek who already use it. stock's down 4%. michelle obama has launched
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a healthy food and drinks brand. why is she doing this, ashley? do you know? a. ashley: yes, to to the fight child hood obesity. it follows her time, if you remember, as first lady when she spearheaded the let's move campaign to help children exercise more. now she's cofounder of a new company, it sells healthy snacks and drinks for children. the first product is a fruit juice for kids containing 7 a # % -- 75% less sugar than average leading fruit juices. the product retails for about $3.50 for a pack of four 8-ounce bottles and, by the way, or sold by some major retailers including target and walmart. 10% of the profits will also go to the broader effort to improve child nutrition. so there you have it. stuart: wait a minute, do the other9 90% of the profits, do they go to michelle obama? >> no, she has,s or you know, a team the of scientists and nutrition theists and a
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parenting panel and so on. but of course she's going to get some of the profits, yes. stuart: fair enough. thank you very much, ash. artificial intelligence may be able to prevent attacks like the boston marathon bombing. the technology could also become a nightmare, of course, for law enforcement. that's a warning, and that comes to us from the former boston police commissioner. we're on it. reaching a deal on the debt limit could come down to senators joe manchin and kyrsten sinema. they are starting to align with republicans on debt. is that a breakthrough? senator mike braun takes it on next. ♪ ♪ from big cities, to small towns,
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stuart: remember these? these are the -- [laughter] not remember these, did you see this. these are the tech ceos arriving at the white house for the meeting with vice president harris. that meeting's all about artificial intelligence. this is the guys on their way in. the ceo of openai said he thinks they can manage, whatever that means, artificial intelligence. whatever it means, i don't know. we'll bring you more headlines as hay come in. back to the markets and susan's with us or, fortunately,
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because i want to know about the banks. susan: we just had western alliance now disputing that ft report that it's exploring strategic options which might also include a sale. it's already been halted several times on volatility the, but here's the good news. they said the deposits remain stable, no unusual outflows after the first republic sale to jpmorgan over the weekend. pac west hitting a record low this morning confirming it is, actually, in the process of exploring a strategic asset sale. now, they also said that there has been no deposit flight after first republic like the panic that you saw during the silicon valley bank collapse. it was called a $3 stock this morning but d.a. davidson, $3 from $19. so i think they're just holding on right now. stuart: it's upsetting the whole market, by the looks of it. susan: absolutely. stuart: el the me about the streamers. susan: terrible report card for paramount global, the own i of
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cbs and m tv in case you watch. earnings came in just half of wall street estimates. sales missed. dividend cut by almost 80%, first dividend cut since 2009. and they're looking to offload its book publisher simon & schuster, bent entertainment is on -- bet entertainment is on the market and sales dropped from, you name it, television, the movie studios, and they're burning half a billion dollars in losses for streaming to start the year. what i found surprise is the ceo says the streaming losses should end by next year, 2024. that's a long way from now to stop bleeding money. ooh. stuart: that's a company in trouble, by the sound of it. tell me about apple's earnings out this afternoon. susan: that should talk a lot about a.i. like every other tech company. they've been asked about it over and over again. we know that apple's already guided for a 5% drop in sales because of production snags in china and a lack of supply of those higher end iphone 14s.
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if that's the case, that would be only the third back to the back quarterly sales drop in a decade the for the world's biggest company. but the focus usually in this report card heading into the next one is the cash -- this is the time of year where they tell investors how much we're going to buy back in stock, and most people expect that to to the stay at $90 billion. stuart: huge. susan: which is the same we saw last year. apple has bought back $600 billion worth of stock in the past decade, more than any other company on the planet. also a reason why the stock has quintupled and more during that 10-year period. as for the actual sales itself, ipads, macs should drop off in demand, poll results tell us there's been a softening of smartphone sales and pc sales notable with the amk weakness, the chip, and also a bit of a weak -- stuart: you going to be on the call? susan: i will, and i'm definitely going to ask the executives about a.i., artificial intelligence.
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stuart: along with everybody else. susan, thank you very much, indeed. now this: senators manchin and sinema are aligning with the republicans on debt, exclamation point. senator mike braun joins us now. mr. senator, this sounds like a breakthrough to me. is it? if. >> well, they need a few more than just sinema and manchin, but with i'm glad those two have been kind of the stalwarts that have prevented even more craziness from this federal government. but, yeah, looks like they're coalescing on the common sense approach. i mean, it's not that hard to do. we haven't done a budget in nearly 20 the years. we're now $31 trillion in debt. the interest that we're going the to be the paying is going to crowd out so much other sufficient. so i don't know how the rest of the democrats get by with saying we need more of this insanity. in fact, right after this i'm going to wrestle in a budget hearing, and in the little over four years a i've been here,
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stu, we've not done one budget resolution or budget period and the mechanics of it. you talk about one issue after another. that's why we're in this mess. thank goodness they're holding firm among, i guess, the other 49 democrats. finish. [laughter] stuart: you're trying to count them, i got you. whoa, whoa, whoa, wait a minute, i've only just seen this. biden is working with environmentalists to limit hunting and fishing in multiple states? i think you're on the agriculture committee, and i think you're on the forestry committee. what's this all about? >> i'm on both, and i hunt and fish all the time. [laughter] it's good therapy for my new job is. this is how crazy this administration and, of course, it isn't going to be through a law. they're going to do that through an executive order or ruling. so if you can't do it the old-fashioned way, just try to ram it through. so i hope that's another crazy idea that gets pus put onto -- puts onto the ash heap.
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but they are enterprisers. if they can't get it cone legislatively -- stuart: that's it. >> yeah. it's sad. stuart: it's the administrative state. you can't get the law passed, so you get your bureaucracy to issue an order. that doesn't work for me. >> no. and that's, that is an end-around of democracy which they always talk about. if you can't do it the old-fashioned way, don't do it at all, don't force it through the administrative branch. stuart: sir, you've got to leave us and go straight into the building behind you and wrestle for hours on end about some mundane details about the budget. is that what you've gotted to do today? >> that's what i'm doing next, and the first thing i'm going to ask is will you agree to actually doing a budget next year? fiscal year starts on october 1st. we haven't even gotten close to doing any of the regular order, do these continuing resolutions, kick it down the road. thank goodness kevin mccarthy
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in the house said enough is enough. unless you want our kids and grandkids to have this heavy load on them, it's a terrible business plan for the future of our country. terrible. stuart: yes, sir. mr. senator, always a pleasure. thanks very much for being with us today. >> my pleasure too. stuart: you got it. i want you to look at something. it's a basketball jersey worn by michael jordan in the 1992 olympics. remember the dream amendment? ken golden thinks that jersey will sell for more than $5 million at auction. roll it. >> i expect it to break the record for the most valuable sports item ever sold. stuart: okay. ken golden will have that jersey on set coming up. today is the national day of prayer. president biden issued a proclamation saying our nation is, quote, bound together by our love of country and our belief in democracy. that's a message of unity, my opinion. our resident theologian jonathan morris takes it on as well. that's next. ♪ i'll say a little prayer for
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stuart: artificial intelligence could have prevented to boston marathon bombing. really? who's saying that, ashley? ashley: ed davis. he was boston's police commissioner during that deadly terrorist attack in 2013, and he says a.i., artificial intelligence, may have prevented it. he says there are already a couple of companies using a.i. software that can analyze a trove of video data to anticipate what will likely happen in a crowd. that's amazing. the technology can review live or recorded videos 20 times faster than the average human, but he also says there's a downside to all of this.
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he says the same technology in the hands of bad guys could interfere with an ongoing investigation and send police on a wild goose chase by manipulating the data. but davis also says the private sector is already using the latest a.i. tech, but policing he says still lags woefully behind in part because of the lack of resources and informationment. they don't have the money for this sufficient, but it could bd be very useful, indeed. stuart: now this. today is the national day of prayer. in a proclamation, president biden says: we're all bound together by our love of country and our belief in democracy. today i pray that we can see each other as we should, not as enemies, but as neighbors. and not as adversaries, but as fellow americans and human beings. end quote. three hoe january jonathan morris is with me right now. that sounds like a real message of unity, to me, and i liked it. >> i love it. and i hope there's consistency
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there also when it comes down to dealing with issues that can divide us. bringing us together in a very practical way. but let's give credit where credit is due on this proclamation. i think he, he was exactly right, great tone. stuart: okay. something separate and different. i think tests a difficult subject finish -- it's a different subject for me to crease, and and that is this, i want to talk about the morality of president biden not acknowledging his granddaughter, his seventh granddaughter. won't acknowledge her. i think that's a failing. and you say? >> yes. so hunter biden has increasingly become in the public if light, right? he was kind of in the shadows. he has chosen -- and president biden has chosen to allow hunter biden to come can out, accompany him on international travel. so for president biden now not to mention when he says he has six grandchildren instead of
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seven, i can understand it from from a father to a son not wanting to step, step into that, but he should also tell his son if you're going to be in the public life, you cannot pretend when there's already been dna tests, you cannot pretend that this is not your child and is not any grandchild. it is. stuart: should the president now turn around and say, hunter, you take care of your problems that you created, and is we're going to invite this young lady to the white house and to the beach house in. >> i don't know about the beach house. maybe not beach house. stuart: but he should invite them to the white house because that child in future years will know that she was not recognized by the president of the united states. >> from a moral perspective, first of all, responsibility lies on the shoulders of the father, of hunter widen. when -- hunter biden. when the president is inviting hunter biden to be with him in a public way, he also has a responsibility both politically but also, i think, morally to say we're not going to be two-face here. we're going to be true and we're
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going to be authentic. hunter, i'm your father, do it9. stuart: i just have a problem with the president's image. he is said to be a kindly, gentle, older man, wise to the ways of the world. but doing this kind of thing, not so. >> yeah. and going back to his proclamation, right,s of what brings us together -- stuart: exactly, exactly. >> he talks about democracy, right, bringing us together. and he says i pray this brings us together. the very foundations of democracy are equality for everyone no matter how they've been conceive ised, for example, equality -- conceived. self-determination, the ability to have freedom, to make a life for yourself. that that's why we have to make sure that every single human being has that opportunity, and we can't for political reasons decide some people just aren't worth it. stuart: theologian jonathan morris, we appear to be in full agreement today. >> that doesn't happen off. stuart: it doesn't, does it? >> i feel awkward. [laughter]
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stuart: oh, don't feel awkward. it feels great. [laughter] jonathan, you, sir, are all right, and my best wishes to you and your family. >> thank you. stuart: you got it. show me the dow 30. we'll try to get a sense of the market. my sense is that there's a lot of selling, a lot of red ink on that screen. i've only got four winners, intel, amgen, microsoft and walmart. winners. the rest are losers. ken golden went from trading baseball cards for he could pay for college to being a mega-successful sports memorabilia auction near. now he's got his own netflix show, the king of collectibles. ken golden is here in the studio, he's coming up next with a jersey that that a e may sell for $5 million or more. walk on in. come on, man, good to see you. ♪ ♪ and if your girl ain't right, i got a remedy ♪
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golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you. >> the clock isicking down, and if they don't get their bid in before it hits zero, they will never get the chance to own it. we never know what the end result's going to be. oh, here it is. >> i'm telling you, it's gonna be off the hook. >> the only question is, how high will it go? stuart: well, you know, he made the bigtime, didn't he? that was a chip from ken
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golden's new netflix series call "the king of collectibles." ken is with me this morning. let's get right at it. first item, from the 1992 olympic dream team, you've got michael george can's jersey right there. >> yeah -- michael jordan's jersey. >> this is in the netflix show. i've been keeping it a secret for nine months. it is -- stuart: he signed it. >> here's the amazing thing, all of these as you'll learn mt. show, all of these jerseys were collected by karl malone, every player on the team gave karl malone hair jersey and signed it over to him, inscribed it. this is the game he juiced, george -- used -- stuart: so who gets the money? >> karl. karl was smart enough 31 years ago to walk around to everybody and say, hey, can i have your jerseys? and, by the way, can you throw your shoes in with it? they did it! it's like, oh, my god, this is,
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like, $20 million worth of stuff, and hay all gave it away. stuart: that one's $5 million. >> it's a minimum of $5 million. this is the holy grail, could be up to $10 million police. stuart: the most valuable item ever -- >> i believe this could break the record for the most valuable sports memorabilia item ever. this is larry bird. and you know what's great about this? the olympics were the last ever game he played. he retired -- stuart: so that's a karl malone handoff. >> to karl, best wish, larry bird. stuart: how much is that one? >> this one could go anywhere from $750,000 to, let's say, a million plus. shoes. stuart: sneakerrings. >> yeah, sneakers. these are the air jordans. you can see the red, white and blue. stuart: they don't look very big. >> jordan was a size 13.5, okay? i'm a size 11.5 by comparison. i've got big feet for my height.
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he's got small feet for 6-6. stuart: we does. >> this is all one of a kind, so off. it could be $500,000 or 2 million -- stuart: it e says to karl on it? >> to karl, michael jordan. [laughter] again, it was a gift. now, this is hold school. this is magic johnson from when all the players used to wear all star converse. and let me show right here, what con vers verse did, they had the rights to the usa logo, so hay put the dream team -- stuart: i can see it. >> it's remarkable. so those, you know, those are six figures. is it 200, 300,000, it's tough to tell. but what's amazing is there's never been a set of collectibles like this where you have the prove nance coming right from a member of the team, and the entire history of it is chroniclized in episode six of the netflix show. what we did, we kept this a secret for nine months.
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the day the show launched last friday, we started dream team auction at golden come. stuart: how did you get karl malone onboard? >> oh, man, i was introduced to him i by a friend, and i've been discussion with possibility with him of doing this -- stuart: you knew he got this stuff. >> oh, i knew he had it for years. he had it displayed -- stuart: you've been asking him for years? >> oh, yeah, it's a long game. there's some guy in the series, he's got $150 million collection, $150 million. i go through the history, i met him in 2012. it took me 11 years to get that deal. [laughter] stuart: this is amazing. netflix has done you very well. >> yeah, honestly, netflix -- go check it out, "king of collectibles" on netflix. stuart: is that your private jet? >> no, it is not. i do not have, i do not have a private jet. we do -- stuart: yet. [laughter] >> yeah, exactly. there you go.
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we charter them for specific high value trips, and there's mike tyson. that was -- i thought he was going to beat the crap out of me. [laughter] when you see it, you'll see what happened. oh, my god, are you serious? the show's doing really well, we're top 10 in 12 countries. stuart: congratulations. >> thank you. stuart: ken, you're all right. good stuff. it's the thursday trivia question. why not? st the 11:55. in which year didding google launch? 94, 96, 98 or the year 2000? ken can, you can say if you really wish to. if you get it wrong, you might want to leave. we'll be back right after this. ♪ . .
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♪. stuart: i repeat the question, in which year did google launch? 1994, '96, '98, 2000. ken a guess. >> i say 2000. stuart: 2000. ashley, what do you say you? >> 1996. stuart: i go with 1996 as well. what is the answer. 1998 it doesn't go on the stock market until two thousand four. started in 1998. confusing. ken, ashley, good stuff. "varney & company" done for the day but "coast to coast" starts now. neil: pack it in. pack west going south, taking a lot of other regional banks along with it. so much fo

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