tv Varney Company FOX Business June 1, 2023 11:00am-12:00pm EDT
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said you don't need to do that anymore. you can separate america. they wanted him to unite country, and, you know, be normal and he's not. >> we've got to get our fiscal house in order to the take care of the american public who wants inflation to come down. >> we're going to need more computing power. it's a 10-year supercycle that is only just beginning, and i think nvidia is the best way to the participate on that. >> the only thing i've bought for the past 2-3 months is big tech the, and i'm making some pretty big hay. so far so good. >> if you thought the world was going to come to an end many in 50 years, would you want to have children? by the way, we've got all of these real present problems that aren't being dealt with. this is the most pampered generation ever, and they're scared to death. ♪ ♪ let's get loud ♪ ashley: it's a sunny morning in new york city as we take a look
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at fox square. let's get how'd, says jlo. it is 11 a.m. on the east coast, oh, yes, the first day of the month. good morning, i'm ashley webster in today for stuart varney. we started session, well, about an hour and a half ago, on a mainly lower note, but things have turned around. the dow up 27 points which is marginal, but the nasdaq up half a percent and the s&p also up .4%. let's take a look at the big tech names, if we can. they've been carrying the weight recently. meta, amazon, alphabet/google all moving higher, meta the best performer, up 2%, after announcing their new vr gear coming out in the fall. the 10-year treasury yield up -- not up, it's down, i should say, down to 3.61%. now this, this is interesting. elon musk, we talk about him a lot are. he has a message for the left. he says you're not funny. roll the tape.
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>> yes.s sense of a lot of comedy is a revealed truth. a lot of people on the left have no sense of humor. they're not funny. and there's so many no-fly zone, you know, that you have to avoid all the time, there's nothing left to make fun about. ashley: well, interesting point. and i think he's right. jimmy failla can tell us more. he joins us now. jimmy, great to see you. >> hey, hey. ashley: i mean -- hey, is elon right? do liberals have no sense of humor? >> they actually have thallen lent to be funny, but their party ideology has painted them into a corner, meaning now that they've championed victimhood to the extent that they do, it's hard to be funny because comedy always happens at somebody's expense. and when you are out there identifying everything as a protected class, you're kind of taking targets off the board. so that's what happened. conservative party, the republicans became more money -- fun, the democrats became more
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buttoned up. i would give you an example, the democrats voted when the republicans took back the house to the ban cigars inside the united states capitol the, okay? but this was a democratic party back mt. '90s that was okay with cigars inside the interns, so there's the been a shift in philosophy, if you will -- [laughter] and i think that's where the conservatives are winning. we're flying into the storm, and we're laughing. it's the humor. everyone's going to be the okay. ashley: oh. jimmy, jimmy, jimmy, we've got to move on. >> do we ever. ashley: yeah. the president of boston university is accusing 2023 graduates of cancel culture, speaking of which, after they booed the warner brothers' ceo at commencement. the president wrote this: they were attempting to implement the cancel culture that the has become all too prevalent on university campuses. the attempt to silence a speaker with obscene shouts is a resort to the gain power, not reason,
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antithetical to the mission and purposes of the university. i think he's right. what say you, jimmy? >> oh, 100%. you see, the whole point of college, as you know, ash, was not to tell people what to think, it was to teach people how to think. they've kind of shoe horned a one-size-fits-all ideology down the throat on most campuses, and the only thing that's going to the change it is if people push back a little bit. when josh carlin -- george carlin recorded carlin on campus, and it was on campus because at the time that was the only place you could say such risque things. that was the only place you could be such a free thinker. now it's completely the opposite where it's carlin on campus now would just be like campus on fire if you showed up and challenged left-wing ideology. so anybody who wants to take a stance for free speech and kind of stop infantizing thought process of college kids, i
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think, is a bit of a hero. ashley: yeah, i agree. i want to get to the one, jimmy. it made me laugh. air ms. is asking -- air new zealand is asking passengers to weigh in, not just their baggage. they're taking a survey to gather data about the weight load and distribution on their planes. they basically want to make the planes for -- more fuel efficient. i don't think that's going to be real popular. what say you? [laughter] >> yeah, somebody's about to get banned for fat shaming. [laughter] there's no world this works out in any way, shape or form. but i laugh, okay? because this is a reality that we'ving encountered because we've championed body positivity. and to be clear, i fall under the category of body positivity, but in truth, i'm just a guy 40 looks like a figure skater who let himself go. [laughter] it was the be much better if i dropped a couple of pounds, so maybe that's the airlines giving us a little nudge that we
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benefit from getting. ashley: you know, i tyke took the air new zealand if once many years ark and the best thing about it was the free booze, which can be courageous, as you know, because that's a long flight. now you have to go on a diet before you take a flight? [laughter] >> well, listen, technically we've already been on a diet based on the portion sizes they were serving us -- ashley: true. >> we just didn't know it. so they're just coming clean with us now is what i think is going on. yes, you had me at free booze, except for spirit where i'm pretty sure they're giving it to the pilots too. [laughter] ashley: i can just see myself going to the air new zealand and they're saying, sorry, sir, you may want to try british airways or someone else. jimmy, we're out of time. i would love to do this for the next hour, you're always so great. >> thanks, my man. ashley: thank you. all right, let's turn to the markets and try and bring some composure back. ryan payne joins us now. ryan, great to see you.
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most of guests we've had, these market analysts on the program, they're a little more bearish. but you, i read all your notes -- and they're extensive -- you're very bullish. what makes you positive that we're going to go up from here? >> well, i'm glad you mentioned my notes are extensive. that makes me feel really good. [laughter] ashley: yeah. >> i think the bottom line is you look at all these strategists and analysts, they've been dead wrong for a long time. and i think that's what the theme's been, expectationses are being beat handily. i have a podcast cast, and last year it was just us making fun of strategists because they were going to be wrong. [laughter] and i'm hard-pressed to think they're going on the right now too. i think the bottom line and if you look at economy, we've been hearing about this recession, the most prophesized recession of all time. it hasn't come to fruition, and i think that's got going to be the case as we move forward. inflation's continually come down, wages have stayed strong. we look at the job report today, the adp number came in strong,
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we're going to the see the report tomorrow the, it'll probably come in the strong. as long as wages stay strong and inflation is slowing up versus wages, people have money to spend, that's going to bode well for the rest of the year, and that's going to bode well for company earnings. if you look at margins, they're starting to improve. only three sectors in the s&p 500 having problems, the rest of the s&p you're seeing companies start to benefit from the fact that they don't have to the keep raising wages as much, and they're starting to see their supply chains normalize. so i think that's all going to be the good as we move forward. ashley: i'm starting to feel a little better. well done, ryan. let me talk about big tech domination. you say it's the back. is that where a lot of the money is going and for how long? >> that's a great question because it has been the big with mover this year. nvidia, we saw, had a huge move the other day. they beat out their expectations by, like, $4 billion which goes to my old joke, you know, fortune materials -- stock analysts make fortune materials
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look good because they were -- fortune tell theres look good. you have to be careful because valuations are getting extremely high. look at apple, for instance. up near its all-time high, but it trades about 50% more expensive than it did the last 10 years, and their growth numbers respect going to be the as good -- aren't going to be the as good. i wouldn't be she cuesed in putting all your concern seduced into putting all your money back into -- they're trading way cheaper than u.s. markets right now. who would guess it, but greece is the best stock market in the world right now. they've gotten their d -- gdp down astronomically, we could take a page out of hair book. but i'd go global here. absolutely be bullish. you know, those analysts, they lied to you before or they were incorrect before, they're going to keep being wrong. you've got to be in it to the win it here. ashley: you convinced me, ryan.
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well done. you know, the glass is certainly half full. great to see you. thank you so much, ryan payne. >> great great. thanks, ashley. ashley: great to see you. lauren, you have some movers for us. let's begin with something that, well, jimmy failla mentioned this airline, spirit airlines. lauren: you like spirit. they don't weigh you. so stock's up -- [laughter] can i just admit to the somethingsome i always -- something? i always, i use the luggage scale to a weigh myself sometimes. look, you do it before your trip, and you do it after your trip, and you know how much you gained on your trip. they look at you weird -- ashley: i've avoided that. i'll get depressed. [laughter] lauren: brief but resolved global outage that affected kiosks at the airport and the app. spirit said it was a technical issue, brief and fixed. advanced auto parts, the stock is down 50% this year. down another 5% now. raymond james counsel
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downgraded, bank of america, jpmorgan also downgrade, and barclays says this stock is only worth 69 which is where it is the right now, it's lowest price target i can see on the street at the moment. this is in the wake of their cutting their dividend and full-year outlook. finally quickly, target, jpmorgan said the consumer is broadly weaken, they're spending less on goods which is less than half of target's overall sales. stock down 2. ashley: thank you, lauren. now this, prince harry and meghan markel could be done with writing books and making documentaries. the reason why is shockingly simple. no one cares. no, that's not answer, but we're on it. criminals could soon have their records sealed once they serve their time. new york is considering a controversial plan to the give a so-called clean slate to the ex-cons. critics says it puts victims and public safety at rusk.
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we'll debate that story. fox news calls out the president for his lack of campaigning. roll tape. >> we haven't seen you on the campaign trail yet. >> you haven't? [inaudible conversations] ashley: you haven't? looks like the basement strategy could be here to the stay. jacqui heinrich has the late from the white house next. ♪ ♪ where do you go, my lovely. ♪ where do you go ♪
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asked why we haven't seen him on the campaign trail. jacqui heinrich is at the white house the morning, good morning to you. what is the biden campaign doing these days? it's certainly not campaigning. >> reporter: you know, it's a really good question, ashley. wish i could give you a solid answer on that. this week the white house laughed off questions about whether we would see president campaigning ever and cited the hatch act to avoid any further probing. but we did have a chance to put the question9 to the president himself. >> reporter: mr. president, how's the reelection campaign going? we haven't seen you on the campaign trail yet. >> you haven't? >> reporter: not an official campaign rally. >> reporter: there hasn't been one. the strategy seems to the intentionally, at least right now, ignore polling that shows biden has lost significant ground compared to to before the 2020 the election are. overall, only 33% of americans believe the president is a strong leader, and that is a new low, down 16 from a high of 49%.
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the month before he was elected. and republicans are seizing on this, barnstorming iowa right now. >> you know, biden could do that during covid, right? we knew he was hiding in the basement, he was intentionally avoiding the american people. i don't think he can do that going into 2024. when you see republicans, they're all over. they're in the iowa, new hampshire, south carolina, nevada, all of our candidates are crisscrossing the country, and they're talking to real americans. >> reporter: so even some democrats aren't quite sure they want bind as the nominee in 2024. -- biden. the fox polling last month found only 62% of democratic primary voters prefer the president to the another nominee, and robert f. kennedy jr., considered a long shot by many, is now getting 16% support. he tells fox digital we feel like we're who going to get a lot of independents and republican crossovers. i think we're doing well, much better than expected. but biden's campaign does the not seem on the thinking twice
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about the primary season at all. politico's reporting that the campaign and the dnc are preparing to do some broadsides against a potential -- potential gop contenders because of fear their job could be a lot harder if trump is not on the ballot, ashley. ashley: interesting. thank you so much, interesting stuff. let's bring in jason chaffetz now. jason, look, you spent nearly a decade in politics. you know how important campaigning is. you always used to say i'm always campaigning, and it's just the nature of the beast. so the question is, can joe biden pull another win with this basement strategy? >> unfortunately, he might be able to pull it off because he's got traditional media apparatus the out there that never holds him accountable. they don't do the interview, they don't get the access. when they throw questions at him, he just blows them off. long gone are the days of brit
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hume and samup donaldson, you know -- sam donaldson, pester eking a president for questions. other than peter concern peter doocy, nobody really to does it. ashley: sam donaldson and ronald reagan was some of the best television ever. they both respected each other but, boy, they went at it. we just are never going to the see that with president. but to your point, you know, the only way to prevent the gaffes and the mental lapses is to just keep him away, and, you know, i meaning at some point he's got to come out. at some point whoever the gop nominee is, he's going to have to debate them or, right? >> you would hope, you know? i think the country was really harmed when the c-span moderator had some trouble, and we didn't have a debate on porn policy. i also think the -- on foreign policy. i also think the way we vote in this country is problematic. i wish everybody voted on the same day with all of the same information, but i wish all of the voting would start after the
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debates. it's going to be the up to the republican nominee to make the case that we have to have debates. there i don't think joe biden has the mental, you know, nimbleness to the actually compete, and it would be embarrassing for the president. he can't draw a crowd. part of the reason he doesn't do a rally is i don't think he can get a crowd to show up. after of -- [laughter] ashley: i don't know why i'm laughing, i shouldn't, but we'll move on. this story, just aen. a new watchdog group revealed the u.s. government sent at least $1.3 billion to russia and chai china for research programs ranging if from a gender equality cartoon exhibition to experiments with cats on treadmills and, oh, yes, the wuhan lab research. why on earth would we do this? >> i don't know. good for senator joni ernst for pointing it out. i know between her and james lankford, the senator from oklahoma, they point out a lot
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of this waste, fraud and abuse. so when people say, oh, the government, we're just starving for money, there is so much waste, fraud and abuse of things that really don't matter. it's because these counties and agencies have too much time on their hands, too many employees and too much money. and that's what you get when you have a $6 trillion, you know, federal government spending money, then you start doing car on it is about gender equality in other countries. st the embarrassing. ashley: it is. and while i have you here and talking about spending, the debt ceiling bill gets through the house. would you have voted for it? >> no. no. it doesn't solve the problem. ashley: no? >> if you take sum total of all of government, we will spend more next year than this year. so, you know, you can say it saves money, it's the biggest cut to the deficit, but year-over-year the total federal expenditure, the bill to the taxpayers goes up. and that's exemplified by a $4
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trillion increase to our national debt. ashley: right. >> in just 18 months. those are stunning numbers. ashley: they really are, they're mind-boggling. all right. jason chaffetz, thanks for joining us. great to see you. >> thanks, ashley. ashley: thank you. all right, quick check of the markets. i can tell you that the nasdaq just turned positive percent week. big tech again kind of leading the way, but all of the major exchanges up modestly. now this, the little mermaid has forced internet movie database also known as imdb to change their ratings system. why, lauren? lauren: there's something called review bombing where they see unusual activity on a review site. in this case it was negative reviews of the little mermaid. probably by bots and people creating multiple accounts. so imdb is now making changes to its rating system to so it can preserve its reliability. right now the movie has over
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43,000 ratings by users, a third of them are just one star, that's the lowest possible. overall, they get, yeah, seven out of en. so maybe that's because of the negative reviews. it would be higher. i give it a soll or half of it because we left early, i'd give it a seven out of ten. ashley: oh. even though to you left early, i get it. next one for you, and this is probably the biggest story of the day k let's be honest -- [laughter] harry and meghan reportedly will stop writing books and making documentaries. hallelujah. lauren: do you think it's true though the, ash? do you can really think they're going to be the quiet? ashley: no. lauren: we neither. maybe for now they ran out of things to say, maybe they were scared by the paparazzi chase, i don't know. this is a major u-turn that the duke and duchess of sussex will stop doing tell-alls, doing sit-down interviews and documentaries. that's what "the sun" is reporting. but then an expert told "the daily mail," not true at all,
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they have a lot more the say, and they're just now considering how. but what else can they do if they've to done the doc, the interviews, the book in what's left? ashley:st the all the whining from the multimillion dollar homes in santa barbara that's really galling. anyway -- lauren: montecito. ashley: very snooty neighborhood. talking of that part of the country, san francisco has spent millions of dollars on a new tourism campaign. watch. ♪ san francisco, right when i arrive, i really come alive ♪ ashley: well, there you go. critics say it doesn't really show the real san francisco. trash, crime and a huge homeless problem. we're on that story. we've got a deal. the house passes the debt ceiling agreement in a 314-117 vote. good, right? welsh maybe not so good. one of those no votes belongs to
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texas congressman pat fallon. he'll join me next and tell me why he says no, coming up. ♪ you raise me up so i can stand the on mountains ♪ and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing] your record label is taking off.
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ashley: well, let's take a look at the markets. they have managed to turn positive after a so-so beginning. lauren, you've got some more movers for us. let's begin with dollar general. lauren: they're um bling toward their worst -- tumbling toward their worst day ever, stock's down 20%. obviously, a discount store, they're planning to cut back on store openings because the lower income consumer is certainly pulling back right now. let's also pull up the drugmerricks. so medicare is -- drugmakers. medicare is expected to broaden coverage for the new alzheimer's drugs if they do gain the fda approval. up almost 3%. broader medicare coverage would begin on the same exact day the fda green lights the drugs. ashley: interesting. next one for you, lauren, elon musking, well, he's the world's richest person again. how much is he worth?
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lauren: $192 the billion. thanks to tesla, most elon's wealth is tied to the car company, he owns 13%, and tesla's stock rose 24% last month. and he also went to china where the world's biggest tesla plant is, in shanghai, and he met with the chinese foreign minister. and reportly, that foreign munster said musk said that the u.s. and china are conjoined twins. so elon musk is certainly double thing down on the chinese market. that's why that stock is up. ashley: yeah. lauren: not now, but -- ashley: lauren, thank you very much. now this: the house oversight chair, james comer, said the panel will vote on holding fbi director christopher wray in contempt of congress. why? well, he refused to the hand over a document as part of the investigation into the biden family's business dealings. congressman pat fallon is on the oversight committee, and he joins us this morning.
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congressman, thanks for being here. my first question to you is, what will holding wray in contempt actually co? >> well, maybe it'll actually get him to be accountable to congress. because he's supposed to be. and, you know, he's been accused by many -- including myself -- of holding the wart for joe biden, and here he is for the world to the see holding the water for joe biden. we've been asking for this document for a month, and it's an accusation of someone. so is it credible or notsome well, we can't tell that the unless we see it. ashley: well, they did apparently to offer you to to go to the agency and look at it yourself and that's not good must havesome. >> i think it was james comer that was invited to the agency, not the entire committee. ashley: oh. >> and, of course, they're not going to let him take photos. that's suspicious activity the reports, but i understand that because that's financial information. this is simply a non-classified
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document, and we should be able to the look at it. ashley: yeah, that's nuts. next one, congressman, the house, of course we know, passed the debt ceiling last night. you voted no. >> i did. ashley: why don't you support it? >> you know, we were on fox business, and fox business viewers understand that that you cannot continually spend more than you take in. we have a $32 the trillion, and what limit, save, grow says we're not going to grow that, it was a good first step. what did was the potential growth is $4 trillion, not to mention the student loan are program which still survived, the irs agents,9 -- 9 # % of them would still likely be hired, and we needed work requirements for folks on welfare, and they had phaseouts and exemptions, so it just wasn't quite good enough for me. ashley: very good. last one, last subject for you, congressman. virginia, west virginia, south carolina, those are the latest states to announce they're going
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to the send the national guard to the southern board. what is the latest on the situation in texas? >> it couldn't be worse. we went from a crisis when joe biden opened the gates when he got into office a couple years ago, and then it went to the catastrophe, and now we're boarding on the cataclysmic. we thank the statements that are bringing folks down here, the more the merrier. let's secure the border and keep americans safe. ashley: yeah, safe, but, you know, we were told that after the expiration of title 42 it was just going to be a free-for-all. has that been the case? >> there was a bit of a lull, but they suspect it's the for several different reasons because the cartels control our southern boards. the federal government doesn't. so really it's up to them. if they want to the flood the border, they will. and they do. ashley: while i have you here, we've been talking a lot this morning about china and perhaps the lack of this the administration's efforts to the really combat what is becoming an increasingly aggressive beijing. what do you think the u.s.
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should be doing that we're not? >> well, let's say, for instance, and that's a very good point, under president trump the chinese flew sorties into the taiwanese exclusionary zone about 3000 times a year, when joe bide -- 300 times a year, the chinese under joe biden tripled that. how about talking about fentanyl? most of the precursors are made in china. demand accountability and say you need us more than we need you, okay? we do a lot of trading together, but you need to be a better partner moving forward. ashley: i just want to the, quickly while i have you here, i'm covering all sorts of topics, but the gop primary for president getting really interesting, certainly on the gop side. but then we have on the democratic side a president who is going back to the basement strategy. what are your thoughts on that? really, you know, can he get along -- can he get away with that as we move further and further towards next year? >> ill like to see nothing more than joe biden remain in his
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basement, because it is going to cost him in november. people want a vibrant president, and we've seen time and again he's failed. you've got ron desantis and donald trump the, and no one's ever accused them of noting being vibrant and passionate. and these are strong leaders. you've got strong leaders and then joe biden eating popcorn in the basement and having some -- [laughter] 31 flavors at baskin robbins. ashley: i think the theory on the democrat side is let the republicans tear each other apart, and we'll just pick it up after they, you know, after that. i'm not sure if that's a successful strategy, are you? >> no. we see that every time in a primary. there's, you know, an internal fight and then sometime after super tuesday we're going to the all unite behind a candidate, and we're going to whup joe biden in november of 2024, and we're going to save the country. ashley: wow, what a good place to the leave it. congressman pat fallon from texas, thank you so much, congressman. appreciate it. >> thanks, ash.
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ashley: covered a lot of grounded today. now this -- thank you, sir. thousands of amazon workers have walked off the job all around the world, they're upset over the cane's return to office policy. oh, no. and, yes, climate justice. we're on that. an 18-year-old is missing after jumping off a boat into shark-infested waters. he was reportedly dared to do it on his high school graduation trip to the bahamas. horrible story. the search to to find him has now been called off. steve harrigan will have the report on that next. i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward.
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next year. just if you want to know that. now this: american airlines will appeal a court decision that could force them to break up their partnership with jetblue. lauren, what are they saying about it? lauren: they're going to the appeal it. a judge rules that this alliance where american and jetblue share slots at some airports in the northeast, they say it hurts competition, and they told the airline ares you guys have 30 days to wind this down. i mean, summer is upon us. so american airlines said -- they're appealing, and yesterday they actually increased their profit forecast for the current quarter because they don't, however this plays out, they don't expect it to have any material impact on their bottom line because for them, i guess this northeast corridor is small potatoes, small business? i was a little bit shocked by that. ashley: yeah, me too. there's a lot of people in the northeast. lauren: yeah. new york and boston. ashley: yeah, no kidding. now this story, the video showing the moments after a
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missing louisiana teen the jumped off a boat in the bahamas. he seemed to disappear after only a few seconds. now local officials say that water is infested with sharks. horrible story. steve harrigan joins me now. steve, i believe the search has been called off, right? >> reporter: that's right. this event actually happened eight days ago, but it's t getting a lot more attention as new video and stills come out of what actually happened. this 18-year-old young man from louisiana on a trip to the bahamas with several hundred other students just three days after their high school graduation. they were down there to celebrate. they went out on a 140-foot boat with, a replica of a pirate ship, and young man, cameron robbins, jumped overboard. bahamian police are investigating whether or not he jumped on a care, but the video is really disturbing. it's not clear exactly what happened, but there appears to be a shadowy figure near the hull of this boat, and students
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are screaming for cameron to the head to a life preserver, but instead suddenly he turns and swims in the exact other direction, and that's right before disappearing. bahamian officials have come out and said this area is rife with sharks, with bull sharks and tiger sharks. >> i can tell you that area that the individual would have reportly jumped in -- reportedly jumped in, it is an area that is really shark-infested. >> reporter: the pirate ship stayed there for hours, the crew searched, and there was a two-day massive search, dedefense forces as well as the u.s. coast guard. 40 no signs of the 18-year-old former high school baseball star. ashleysome. ashley: sad story. all right, steve heir began, thank you. appreciate it. let's a take a look at stocks again, you get a sense of where we are a little over two
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hours into the session. more green, for sure, than red. the dow can up 133 -- 135 points. american express leading the way. salesforce.com, the laggard. but we're up 130 points on the dow. portland could soon ban homeless camping during the day. people would have to the pack up their things by 8 a.m. every morning, and they don't, they could get a hefty fine or even go to jail. business and property owners think it's a great idea. dan springer will have the report next. ♪ ♪ hang on, help is on its way. ♪ i'll be there as fast as i can ♪
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♪ ashley: all right, now this, lawmakers in new york are working to pass the so-called clean slate bill. lauren, what would this bill do and why is it so controversial? lauren: clear criminal records. it would automatically seal the records 3-7 years after a criminal served their time pending they don't commit any other offenses. it would cover most crimes.
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proponents say this offers ex-convicts a second chance, it helps the labor pool, her workers -- more workers are available. critics say this is a victory for career criminals, and it puts society at risk. now, certain employers like schools or uber, for instance, they would be able to see sealed records if they asked for them, but, you know, your producers bring up a good point. they say what record? most criminals in new york are let off the hook anyway, so why -- ashley: that's true. [laughter] lauren: there is no record. ashley: sadly, you're right. all right, lauren, thank you very much. >> now this, portland oregon's -- portland, oregon's city council wants to deter homeless encampments. khan springer joins us this morning -- dan springer joins us. great to see you. isn't this same city that the distributed thousands of tents for people to sleep in? >> reporter: well, it did, and a lot of these problems in
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portland are self-inflicted as we've been reporting over the years as we've documented. portland has one of the worst homeless problems in the entire country, and it goes back way before covid. now the city council appears finally poised to the take some action, and they will be voting on a measure next week drafted by ted wheeler that would ban camping everywhere in the city from 8 a.m. to the 8 p.m. it would also prohibit camping overnight in city parks, on public sidewalks and near schools and daycare centers. people who violate the ordinance would be guilty of a crime and subject to punishment. they would get a written warning the first and second i'm the, and then on the third violation could face a fine of up to $100 and/or up to 30 days in jail. here is some of the hours-long public comment last night. >> it's not fair to my -- 10 feet from his car seat my toddler can watch someone shooting drugs into their arm at a stoplightst not fair to see a dead body on the side of the
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road as we try to leave the house fors hot cocoa. [applause] >> -- very high for people living outside, and this ordinance is about to the make it even harder. this will not solve the serious problems that this city is facing, it will make those problems worse. >> reporter: as we said, this really is a reversal for portland which a couple of years ago handed out 22,000 tents and 70,000 tarps to the homeless, prompting a lawsuit by some disabled residents who said, basically, most of the sidewalks are blocked. mayor said this was needed because there are still hundreds of unsanctioned camps across the city, and it does appear most of the residents support it. a poll taken just this month found 75% of portlander's agree with the statement, quote, homelessness in the city is an out of control disaster. the big question, ashley, remains how will this be enforced. it's going to be a low priority for the portland police department which is stretched too then, so -- can thin, so
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it'll be left up to the portland response team, basically a group of aid workers who go out there without arms, without weapons, and they deal with people in mental health crises and homelessness. will they enforce? that's big question. it will take effect in july if it passes next week. ashley? ashley: all right. we'll follow it, of course. dan, thank you so much for that report. interesting stuff. meantime, san francisco, we should point out, has just launched a $6 million campaign to boost tourism. watch this. ♪ san francisco, right when i arrive, i really come alive ♪ ashley: all right. jason rantz joins me now. jason, wouldn't that money be better spent tackling all hair problems such as homelessness and the drug crisis? >> yeah. it seems like if you actually handled those issues, people would want to go back to san francisco. it's not like we haven't heard of san francisco, it's not like
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people haven't considered going to san francisco or returning. but hay certainly have seen all the stories of what's going on on the streets with not just homelessness and drug use, but also the out of control crime. so maybe spend the money there, and then all of a sudden people will naturally want to go, and you don't have to the spend any money on an ad campaign. ashley: i think that's a good idea. another one for you with, jason. hundreds of amazon workers what walking out of the seattle headquarters, they're protesting layoffs, return to office plans, even amazon's climate policy. do you think they should just fire these people? >> 100%. and the good news yesterday, they were expecting about 1,000 people to walk out, they only got about 200, maybe 300, and it was done during the lunch break. so we're probably counting some people who were just out of their offices grabbing lunch. these are folks who primarily want to be able to continue to work from home. they say hay got used to it, that they liked that kind of
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scenario but they're not more efficient because when you're at the office, you're not able to the walk the dog 12 times and not able to take so many breaks in the middle of the day while other people are relying on you to get their work done. ashley: we'll have to leave it there, but we hear you, jason. jason rantz, thank you very much. >> thanks. ashley: thank you. it's time for the thursday trivia question. interesting one, which insect shorted out an early supercomputer and actually inspired the term computer bug? was it a moth, roach, fly or spider? yuck. think about it, the answer right after this. ♪ ♪ d it into a low-rate personal loan from sofi. get a personal loan with low low fixed rates, and borrow up to $100k. . .
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ashley: all right. earlier we asked which insect shorted out an early supercomputer, inspired the term computer bug. come on, lauren, take your pick. >> early computers were big. i go with a big bug. a spieder? ashley: i was going to go with roach. i think we're both wrong. the answer is moth. >> is that a bug? ashley: group of computer scientists at harvard back in 1947. oh, well, don't forget to send in the "friday feedback." want to hear from you tomorrow. guess what? "coast to coast" coming up next right here on fox business. ♪. neil: it is june 1st. do you know where your presidential can it is? hard t
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