tv Varney Company FOX Business June 2, 2023 10:00am-11:00am EDT
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ashley: ricky martin. it is friday. haven't seen you in three days. it is 10:00 eastern. i am ashley webster in for stuart varney. let's get to your money. a huge jobs report, the dow up 358, the s&p of 0.6, the nasdaq up 0.4%, four of the 30 stocks in the red. let's look at the 10 year treasury, that was on the way up and it still is, 5.3 basis points, 3.65%. how about coin? it is up $37, 26,941. now this.
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donald trump says he is done with the term woke. >> we have school systems the don't want to talk to parents about their children, you talk about changing gender and things where the child can make a choice and the child can be unbelievably young, the country has gone sick. i don't like the term woke. half the people can't even define it. ashley: interesting, isn't it, don't even know what woke means. good morning, should we be calling woke something else? >> here's the definition of woke. when you take the racial or gender divide or different and superimpose onto a power differential and say every one whose white has all the power and everyone who is a person of
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color has no power and no agency and people with less power have virtue. donald trump knows this. he's against it like we all are, like the vast majority of americans are, why be trashing it? the first is woke is now very identified with desantis. it is brand. so trump has to trash it but there's a deeper reason he's doing it and it is this. trump is 30 points ahead of desantis when it comes to republicans making under $50,000 a year. he is ahead with republican voters of color, trump has always pitched himself to the american working class. while the working class is anti-woke it is not the most important thing on their mind, the most important thing on their mind is the economy, trump's heart has always beat the hardest for creating an economy that works for the little guys opposed to the senators who has a heart for
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this woke fight and that's the difference, the difference between are you pitching your self to republican elites with the woke stop with the working class with a protectionist economy trump is famous for? ashley: very good summation. fascinating the multimillionaire appeals to the working class but donald trump is good that. going to change the subject. the clark county school district in nevada is the fifth largest school district in the country and implemented an equitable grading system in classrooms, the grading method is designed to embody the core values of equity, accountability and high expectations for all students, a lot of gobbledygook. proficiency in major subjects is falling across the country. why are they focusing on equity? >> a few of the things here are things we could agree are good,
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letting kids retake tests. giving them a second chance. a lot of the stuff is bad like they decided they are not going to focus on achievement and they are not going to focus on behavioral issues as administrators pass the buck of their failures onto their children and instead of demanding our teachers actually teach our children and give them a fair shot at the american dream we are going to erase the standards to hide the failures of teachers and administrators and public schools. it to disaster and you know who's laughing all the way to the bank is china looking at this stuff. it is horrible. ashley: i couldn't agree more. i never got a second chance at attest to. either past or i didn't. what message does that send. do you get a second chance at a job interview, you either get it or you blow it. i digress. thank you so much. great stuff, appreciate it.
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high-ranking official claimed in a i powered drone turned against his operator during a simulated training session which is nightmares, the air force is walking the story back. >> this is what the chief of ai testing says, that this happened during a simulation that taught a drone how to destroy surface to air missiles, but he says it all went wrong when the operator tried taking over the controls. he was began at a conference in london. the operator would say yes, kill that threat, the system started realizing that while they did identify the threat at times, the operator would tell it not to kill that threat but got its points by killing that threat so it killed the operator. it killed the operator because that person was keeping it from accomplishing its objectives. the air force denies their claims. the department of the air force has not conducted any such ai drone simulations.
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it appears the colonel's comments were taken up context and were meant to be anecdotal but stories like this prompted top pentagon brass to say a human being will always be in the control chain. ashley: interesting story and a little disturbing. thank you very much. back to the markets. bring in luke lloyd who joins us this morning. i want to talk about the ai boom. ai stuff, we talk about it every day. is this similar to the meme rally, is this what you believe? >> reporter: this rally is similar in the fact that there' s so much happening. only a few names were given a stream amount of love and attention but it's much different in the fact that there is some actual fundamental substance behind this rally. i think the rally is getting ahead of itself. investors need to take a chill pill or risk pulling some bags but in the long term, a decade
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or two up, how much fiction has already become nonfiction. how much technology is close to becoming true. take a look at star trek in the 60s. my father headed on for me growing up. in the tradition of cell phones, flatscreen tvs and ipads, ai is going to change the world and there's no stopping it and there' s no regulating it unless you outright ban it. can't do that because of national defense and other countries trying to develop their own ai. we need to live with it or nuclear weapons and have a global stance on it. ai isn't yet but will be -- it's like adding another species to the world. that's the scary part but our economic systems, our labor markets, productivity rates are going to change and eventually there's a lot of money to be made but we are getting ahead of ourselves. ashley: i think i need a chill pill. from an investor point of view, what is the best play with regard to ai? >> i always need a chill till
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but the question is do you have many of these companies like nvidia that can grow into the price ratio? they are so expensive. one headline the next couple years could cut evaluations quickly. stock people don't know about will benefit from artificial intelligence, automation of the workforce. the industrial revolution, now the cost of technology is low enough to where we are going to the automation revolution was one of the stocks that will benefit from ai and automation is emerson electric, and industrial company, software, emerson is at all, they are a benefactor of this technology. ai technology is revolutionary. now's the time to benefit, it doubled or tripled in value and wait to factor in an increase in valuation. ashley: nothing artificial
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about your passion and energy. thank you so much for joining us. you two together would be like a nuclear explosion. wow, don't know whether that would happen. you are looking at the movers this morning. dish is up 13, almost 14%. lauren: it has not been confirmed but dish would stand the most to gain to offer prime members a cheaper cell phone service, tempting to transform itself to cloud-based wireless carrier to compete with verizon and at&t, those stocks are down 4% but dish stands to benefit the most, is leading the s&p with a gain of 15%. they have an nft that will soon
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be in ea sports and video games, good for nike, the brand, also dykema -- nike is up 3%. look at the gain, 77%. it is a china based battery company that has a deal with an ev maker to develop charging stations and also battery swapping capabilities. thought that was interesting and perhaps useful for those with anxiety like myself. ashley: that's why i don't have it because of rage anxiety. elon musk facing another lawsuit. what is it about this time? lauren: he was slapped with a class-action for insider-trading accusing him of minute later the price of dogecoin. when he talked it up in saturday night live in 20 to 1 his accusers say he deliberately drove up the price
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by 36,000% in two years and let it crash. doge is $0.07 a coin, also, the head of trust and safety content moderation, twitter, left the company. the departure since musk took twitter over. ella irwin didn't give a reason for her the particular the timing is interesting. twitter just released a conservative documentary on gender by the daily wire. it was flagged by twitter as hateful content to limit its reach. it can be viewed in full for 24 hours on twitter. that's the news, but there was controversy with weather that should be flagged and the like. ashley: al points we will move on.
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this fascinating storythat use intelligence can detect cancers years before symptoms appear. those details coming up. federal prosecutors have reportedly obtained audio of donald trump admitting to holding onto classified documents after he left the white house in 2020 one. fbi agents subpoena judicial watch cofounder tom fitton and he is going to be here and will give us an inside look. the fbi is now planning to bring a document on president biden's alleged bribery scheme to capitol hill on monday. julian turner will have a report from washington next. ♪ ♪
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ashley: the fbi is planning to bring the subpoena document on president biden's alleged bribery scheme to capitol hill monday. in washington this morning, jillian, is this going to be the full document or massively rejected? >> we don't believe it will be massively redacted. it might be lightly rejected to include the name of the whistleblower, the fbi never shares that information in particular but three sources confirm the fbi is going to bring the original 1023 form up to capitol hill for them to
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view the original paper document in a secure room instead of lawmakers going to fbi headquarters. he released a statement that he was going to fbi headquarters himself monday but fox is learned that's no longer the plan. the fbi director, christopher ray has made this, nation out of convenience for members of congress as they've seen the document in question. listen to chuck grassley. >> there's accusations in it, but it's not for me to make a judgment about whether these accusations are accurate or not. it's up to it up to my job to make sure the fbi is doing their job. >> this document is a standard form colleton 23, used for when someone across the bureau with allegation or tip. the document here allegedly contains a claim the than vice president biden accepted a bribe in exchange for foreign policy decision.
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>> i share a subcommittee that follows compliance with oversight. it means we are not going to be moving to hold mr. comey -- mr. ray in contempt of congress for failing to provide that document. james comeer needs the document, his investigation into the biden family crime scheme is continuing. >> reporter: comeer is threating to hold the fbi director in contempt so the decision is up to capitol hill, might seem like a small procedural move but it actually may have some big implications for the bureau going forward. ashley: it certainly does, thank you very much for that. let's bring in tom fitton who joins us this morning, great to see you. what more do you have on this biden document? >> we should remember that it
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is not just the document, the one document they are asking for. the reason they were asking for to begin with is because they thought there was something substantial fair according to their sources and so what has been done to follow-up on this document, it is not just for one document but for the file. i wouldn't characterize this as the old nixon player, the modified limited hangout, would this be enough to satisfy congressional oversight? chuck grassley wants to release the document so we have asked for the document for instance and haven't gotten it so we will sue for it i guarantee you, but certainly congress has to push far. they have been abused today, there's negotiations because it is a political matter. he was compromised 6 ways to
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sunday and the fbi had information people suspect wasn't followed up on. ashley: let's get to this issue. federal prosecutors obtaining audio of donald trump in july 2021. in the clip, he admitted reportedly holding onto classified documents after leaving the white house. how damaging is this? >> i don't know. can i somehow stifle a you on? this is a video or audio. this is an audio, right? that cnn hasn't listened to with this vague description of what trump said. the question legally is whether records he had after he leaves the white house are automatically declassified or
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not. when judicial watch asked for records from bill clinton, the justice department, the archives and the federal court said no, you can't question him about records he has so they are presumptively declassified. this is just a lot of noise to again generate pressure on trump or pressure on the justice department to go after trump. there is no there there. how do i know that? because i went before the grand jury and was harassed for four hours where we argued about this. ashley: you just took my next question. what did you have to go through? take us inside what you went through. >> you go into the grand jury room. i don't have a lawyer so
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lawyers are sitting outside. if there's something to consult your lawyer about you have to leave the jury room. it is a small room, 23, 25 people sitting in their. it was full. i had three prosecutors asking me questions about this issue about records, the disputes about the biden election and my response generally is i don't understand why you're going after trump when you protected bill clinton, isn't the first amendment to protect the ability to dispute elections? so it was the debate. as i told nancy waters yesterday it was like being on msnbc for four hours. ashley: did they try to intimidate you? >> they sure did. that's how i took it. one.-- one of the prosecutors said you plan to talk about this testimony, what happened here today, i said i don't
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know, maybe to my lawyers, then he asked me again do you plan to talk about it, i said i don't know. it's out there publicly and he asked me 1/3 time and i said i don't know. and then he said you are allowed to talk about it and i said to him it is a little bit chilly and so he is trying to get me to swear before grand jury not to talk when i had every right to talk about it. that was so abusive, i am still ticked about it. ashley: i'm not surprised. i can feel it in your voice. fascinating stuff and we will be back with you, following un this story as it develops but thank you for being here this morning. now this. inflation is hitting your medicine cabinet as well. disturbing numbers, 9 million people in the us are skipping their medication or simply not
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filling their prescriptions as a way to cut costs. more on that report coming up. the biden administration pushing its green agenda but an energy expert says green energy like solar and wind isn't really green at all, he says it can be bad for the environment. alex epstein is breaking it down for us next. ♪ ♪ you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me.
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lauren: everywhere you look sales are up, 24%, china sales up 79%. men sales up 17% at accessories 57%. it was incredible. they sell these tiny headbands and they are like $40. all right. i haven't flourished on that yet but you have neo up 5%, tesla all higher, china might extend its purchase tax exemption, that's causing a rally of these names enters national donors day. how is krispy kreme down 1.5% on such a strong up day, you don't have to do that, you can get any doughnut for free. ashley: fantastically every day is doughnut day. thank you very much. take a look at this headline.
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it reads, quote, don't be fooled, green energy is neither green nor energy. quite a headline. is it not? alex ebsen, founder and ceo of industrial progress and joins me now. i lovely headline but make your case. >> the idea of green energy is we want the same kind of energy we get from fossil fuels, nuclear, and hydro but we want it with less pollution, less impact, but then, why are you against nuclear and hydro, those are clean and noncarbon in the green movement is the biggest opponent of those things and it's not that solar and wind are so great, they don't provide real energy in the sense of reliable energy, they provide unreliable energy and parasite on the broader grid and take no response ability for the costs. they are not really energy but
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if you look at our they green? green means minimal or no environment of impacted yet because these are very dilute sources of energy they end up having a huge impact. i don't think this is necessarily bad. i'm not against environmental impact. environmental impact is how we survived. the green movement is. my argument is it's not green and they will oppose it. they already oppose mining and building transmission lines and the huge construction projects which i think the green movement is an anti-energy movement because energy is about impacting the world through farms and factories and all these other things so i think green energy is a fraud, the green movement returns to be for this imaginary form of energy, pretending they will accept as green but they will oppose it like they oppose everything else and we are already seeing this happen. ashley: ten seconds, you laid out your case very well but when you speak to a greeny and give them your thoughts to
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their heads explode? >> sometimes but if they want to learn more they can read this book, fossil future, this is written for a green audience. most green people are not anti-human but picked up anti-human ideas. ashley: very slick and you got the book publication in their as well. we appreciate it. now this. glamour magazine in the uk is facing fierce back lash over to new cover that features, there is, a pregnant transgender man. we will have that story. the university of north carolina medical school has disbanded its diversity, equity and inclusion task force. doctor nicole saphier will talk about the strange reversal, what did she think, you will find out next.
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ashley: university of north carolina medical school is disbanding its diversity, equity, and inclusion task force without implanting its recommendations. this comes months after the school band gei statements from admissions and hiring, a big reversal. doctor nicole saphier joins me. do you think this is a good move by the school? >> i do. when it comes to medical school this is the time to learn the core principles of medicine, anatomy, physiology, genetics, biochemistry and those other things which what we have seen increasingly the last few years rde i programs taking over a lot of our education, not just elementary and undergraduate but medical school and law
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school and that takes time away from core principles that are essential to up and coming doctors. to be fair there are -- biases in medicine, there's gender bias, weight bias, cultural bias and it's important that doctors are aware of it but when talking about the core curriculum it should remain the core curriculum and should not be influenced by the gei another woke that we are seeing infiltrate the education system is. ashley: next one for you is fascinating, apparently there's a new full-body cancer screening the combines mri imaging with artificial intelligence. azra can scan 13 organs and monitor other conditions like brain aneurysms and fatty liver disease, sounds like a major development, would you agree? >> that's right. azra is a full body mri scan,
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it was created by some of my colleagues and the purpose of this is supposed to be a rapid scan looking at the entire body and trying to identify certain cancers before they present symptoms. this is been a multiyear process and just this week the fda has authorized 1/3 level of a are to be implemented. the ultimate goal is to get this into a 30-minute scan that cost $500, not only for the uber rich. i have concerns about it but as it continues to unfold i can tell you it is very -- it is the future of cancer detection. ashley: last one. 20 republican attorneys general taking legal action against lgbt q groups, the groups themselves want to allow minors to receive gender reassignment surgery and hormone altering drugs. a big topic and has been for a
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while, where do you stand on this? >> it's frustrating when you see politics and politicians involved in medical care but it seems that is happening these days because you're starting to see these programs all throughout the country that are promoting some of these covenant changes to children that shouldn't be happening, the white house put out something today or yesterday that essentially said these are medically necessary hormonal and surgical things being taken away from children. these are not medically necessary. they may be medically desired whether by the child or the parents but i stand opposed to anything permanent in children that are not radically necessary because they are not fully developed and they can be confused, not that they won't be transgender when they get older but they may not be and we should wait until their brain is fully developed to make that permanent decision.
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ashley: we will have to leave it there. a terrific terrific stuff, thank you so much for talking to us about a number of topics. now this. glamour magazine in the uk featured a pregnant transgender man on their pride month issue. come in and give me the details. lauren: it needs and explain her. is a biological female and biological female got pregnant which is not news, that is how it works, this person is logan brown, brown was transitioning to a man but stopped taking his testosterone hormone so by surprise he got pregnant and is now on the june cover of glamour in the uk. >> i don't know how anyone says how do you tell your partner, got pregnant but also by friend
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as well. >> he did have a mastectomy and he is writing a children's book called my daddy's belly. ashley: this is an interesting and disturbing story, the cdc says more than 9 million adults are not taking their medications as prescribed due to how expensive it is. steve harrigan joins us now. is there going to be relief anytime soon with regard to the cost? >> relief on some things like the price of insulin for those on medicare will be capped at $35 a month starting next month but some startling figures from the cdc in their new report basically saying as many as 9 million americans not taking their medicine as prescribed, ieper cutting the dosage or skipping entirely. when they break down the numbers, it shows that women are more likely to skip then men and blacks more likely to skip than whites.
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the implications can be severe, if you start cutting the dosage robotic and build resistance to the medicine that can limit treatment options and when the price of insulin actually hit $500 in 2021, or 30 day supply, people like lala jackson had to make a decision. >> it was groceries or insulin, it was rent or insulin, it was gas to get to my job to get the paycheck to pay for my insulin or insulin. >> reporter: some of the numbers of people not taken a prescription medicine even for the most serious illnesses is just staggering. >> they don't start treatment and that is astonishing and i think that speaks to the cost of these medications going up, having to make the decision, am i going to put food on the table or medication?
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>> the cdc estimates 20% to 50% of people are the ones taking the medication and the rest are not. this raises the risk of heart attack or stroke which could multiply the overall expenses both for the insurers and the patients. back to you. ashley: all right, fascinating. and disappointing as well. it's not too late to be on the show today. send in your friday feedback, you can e-mail your questions, comments and critiques to varneyviewers@fox.com. president biden says diversity is why our military is so strong. >> president biden: your class is one of the most diverse classes in the history of this academy running academy, that is why we are strong. ashley: christian white will react to mr. biden's speech next. ♪
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municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds
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ashley: a new report shows at least $1.3 billion went toward research programs in china and russia as republicans look to crack down on wasteful spending. that's a good place to begin. grady trimble on capitol hill, where did the money go? >> pointless and concerning project if you ask senator joni ernst who released this analysis. it found half $1 billion for taxpayers to entities in china. even more than that, $871 million to organizations in russia for a total of $1.3 billion since 2017. they suspect the number could be a lot higher. you won't believe where they say some of this money went, too million dollars to the
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wuhan lab work over it is suspected to escape from for more dangerous experience, some of them involving bats and coronavirus and it paid for cultural exhibit on gender equality pro bating based organization. $1.6 million for the national school lunch program went to chinese companies instead of american farmers. the wildest of all coming in russia, us taxpayers gave 3 quarters of $1 million to help run an experiment that a state run lab involving cats on treadmills. >> a lot of my effort is making sure, one, as american taxpayers, we are supporting efforts of our adversaries and not sending taxpayer dollars into china, into russia. these efforts need to be cut off at the knees. let's focus on america. >> reporter: senator ernst and congressman mike gallagher
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introducing a bill to stop this. it would require the us government and these agencies that are sending this money to russian and chinese organizations to not only track but publicly disclose if taxpayer dollars are sent to those countries. ashley: lots of cats on treadmills. thank you. president biden celebrated diversity among air force graduates during the academy's commencement ceremony. >> president biden: your class is one of the most diverse classes in the history of this academy or any academy. that is why we are strong. and the indomitable american spirit, and more admired.
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ashley: christian widen, good to see you. the reason we are stronger? >> good to see you. it's the opposite, it will be true regardless how loudly the president mumbles into a microphone. when you look at the military, the one thing that is not critical to our success is racial identity, ethnicity and religion, has been so since 1948 when harry truman ordered the desegregation of the military and the military has been at the forefront of martin luther king's vision of a colorblind society or organization, in this case, what biden envisions and is advocating and his officers are implementing is not the martin luther king version of colorblindness but woke, you talk about success of a military it is uniformity. different people do different
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things, some people are fighter pilots and some work on missiles and some work on satellites. those are different types of people. if you're focusing on skin color that the opposite of what the military needs. ashley: i want to switch to more politics. and op-ed reads ron desantis has all the right enemies. what do you mean by that? >> if you judge by your enemies, he's irritating the right people. he has been criticized for taking on woke corporations like disney which picked the fight with the florida legislature, for a law supported by 60% of floridians that said we shouldn't be preaching sexuality and gender ideology to kids into kindergarten through third grade, common sense stuff, disney is going after him
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saying we will not put as many jobs into florida, florida's low employment rate thanks to ron desantis and investment pouring into the state, not sure anyone would notice. other woke corporations, nike jumping on board supporting disney, not a big surprise, nike, very very enamored with china and its business, another enemy desantis has picked up is the socialist president of mexico who has called on hispanics not to give ron desantis a single vote. not many americans take direction from mexican socialist leader on how to vote. they prove you are doing something, more than donald trump who is relitigating the past election and picking fights on social media. ashley: you explained very well. really appreciate it. good to see you. former acting attorney general matt whitaker is in iowa where gop candidates are campaigning.
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steve hilton on president biden's falling during the graduation salmon and jonathan honing on how investors by artificial intelligence. the 11:00 am hour of "varney and company" is next. ♪ or sharp, stabbing pains. ♪ this painful, blistering rash can disrupt your life for weeks. a pain so intense, you could miss out on family time. the virus that causes shingles is likely already inside of you. if you're 50 years or older, ask your doctor or pharmacist about shingles. ♪ tourists tourists that turn into scientists. tourists photographing thousands of miles of remote coral reefs.
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