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tv   Varney Company  FOX Business  June 8, 2023 10:00am-11:00am EDT

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it is not pouring smoke but we are smoke inundated. it's going all the way to baltimore. it is 10:00 eastern. david as is about man in for stuart varney. we've seen a lot of variations because we are close to the pipeline on all these indices and we see a day of 80 changes. dow jones industrials up 9 points, s&p down 1.79 points. nasdaq is up 17 points. it's going to change a lot today. it is 3.75. and $72.26 for a barrel of oil. bitcoin is trading up about 29
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points, $26,076. federal prosecutors notified donald trump that he is the target of a criminal investigation, the latest signal special counsel jack smith is on the verge of a charging decision in the mar-a-lago documents probe but. jason shape it's is here for the whole hour. we are expecting an indictment against an ex-president who is the leading candidate for the gop while virtually ignoring and arguably worse case of president biden taking documents out of a skiff when he was a senator. the inequity, just balance of justice here is extraordinary. >> donald trump has been under investigation since he dissented on that golden staircase. they always want to be able to get him. it's going to strengthen him politically. i find these charges to be absurd. i was chairman of the oversight
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committee, we had jurisdiction on these things. the president has the ability to deem something classified or unclassified as a former president, he continues to have his same security class, mar-a-lago was protected by the secret service which not as if these documents are out there floating in the open. dave: a senator is not allowed to take out any documents yet somehow the documents biden had in his garage or whatever he had it because it was in several locations included stuff that he took out somehow, probably stuffed down his sock like sandy berger did when he was a senator. >> there's documents there. he didn't have secret service protection, they weren't in a secure location and as a senator, like you said, you're not allowed to have any. as a member of congress, house or senate if you want to see
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classified document they bring it to you are you located in skiff. is prohibited by law to extract that document, the idea he had it in his possession, why not go after -- dave: any chance that these cases, did an indictment and there's a trial, any chance the trial could reach a conclusion before the 2024 election. >> this is a political motivated i think they will time it to have a drumbeat out there. dave: what happens despite her conviction could trump, as president, as a convicted felon or whatever they charge them with parton himself? >> i don't think on that issue, it is absurd, of all the things going on in the world this is what they are focused on. dave: mike pence launching his campaign saying it's time for republicans to get back to their traditional values. role tape.
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>> we need to return our party to those time-honored conservative principles which i talked about it today. my former running mate and others are walking away from american leadership on the world stage, walking away from a commitment to fiscal discipline, they are even starting to walk away from the right to life. i said today i'm going to stand on the strong conservative agenda that has led to republican victories in the past and deliver great results for the american people. dave: this is who mike pence is. he is a good man at his heart, trustworthy and this is who he is and he is not trying to pretend to be anything other than a rocksolid conservative who believes in god and believes in jesus christ and he is going to wear that on his shirt sleeve. dave: let me get your point. your book was number one on amazon for a while, the puppeteers:people who control america. basically obviously the title
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suggests what the book is about, but are these puppeteers actually more powerful than our representatives in congress or the white house? >> get people elected and wonder why things don't change, it's because these puppeteers are in place, this permanency of government, this is a concerted effort. if you think president biden at kamala harris are calling the shots, you're sorely mistaken. the puppeteers names the names, shows the dollars, shows where the power is and how it actually works. dave: sounds like what you are saying is years, the puppeteers are more powerful than our own elected representatives, true or not? >> true. a member of congress goes to meet with a cabinet secretary the cabinet secretaries not there, senior staff says i'm sorry, the cabinet secretaries not going to be there. member of congress says i don't want to meet with the the team, i want to meet with the cabinet secretary and they say we are to be seen, we've been here before you, we will be
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hereafter you and -- dave: be here all the time and we are on top of this, the staff. if there are term limits, also for the bureaucrats. democrats are shrugging off concerns about the dnc not holding primary debates. come in, ashley, good morning. what are they saying? ashley: the democrats pouring cold water on the possibility of holding debates even though robert f kennedy junior is stepping up his campaign to challenge president biden. watch this. >> i love the kennedy family. i don't think he's a serious candidate. president biden will be our nominee. and he deserves to be. >> is a fringe candidate. i don't think biden is going to debate fringe candidates. >> it up to the president. if he wants to do it or not. the president has a strong record to stand on the so whoever decides to debate him,
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they will have an uphill climb. >> the decisions the campaign camps make. i want the best candidate out there, the campaign can't get together and share their views with the american people. ashley: in other words, no debate. former president john f. kennedy's widely regarded as a longshot against president biden but claims he can be donald trump and ron dissenters, the two gop front runners. as for the debate, histories not on -- the only time a president entertain the primary debates as they were broadcast to the public via radio back in 1948. dave: we will stay right there because we will hear more from you but i got to ask jason, looks like they are scared. look like they are so easy to dismiss rfk, there's a bit of fear. >> did you ever think you'd see the democratic party saying a
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kennedy was a fringe candidate. he's pulling your 20%, just got going. dave: a lot of democrats independences would vote for him. >> he says some commonsense things, going to the border at 2:00 in the morning, doing some things i think resonate with people and the reality is everybody sees president biden cognitively can't keep up. he cannot debate. not whether he should. it is that he can't. that's the problem. dave: they say he can run on his record. the record has not improved for most americans. thank you, you will be here for the whole hour. i'm very happy about that. the markets are all in the green but it's one of those days you can see a lot of changes. gary gary kaltbaum expeditions have been spot on. you are almost primarily
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focused on tech stocks. i remember a time when you were more leery of tech stocks but not now. >> they have been the strongest horse in the barn and a very big way. they had the first real bad day yesterday but i'm watching them, here's an example of something. adobe today has an investor conference, they mentioned artificial intelligence 7,000 times. it's back up $16 after being hit yesterday so i think that move is still a foot, but right now, only on pullbacks, a lot of stocks are in the trees, a lot of these have gone vertical to the upside. the best news is the rest of the market, before that it was a varied market and markets don't usually last, the rest of the market starts to pick up, it usually has some long-lasting effect. dave: cryptos are thrown into the tech basket and as we
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mentioned earlier, jens the is begun cryptos. is that part of your text decision or do you exclude that? >> it's completely excluded. they came out with 23,000 coins in the last bunch of years, 22,5000, and if you left standing, i think they will still be around. i don't see any earnings in sales back these things up. where they stop i don't know. the death of the dollar i haven't cared about since my bar mitzvah. dave: we have 5 seconds. we going to have a recession or not? >> of the job market stay strong i see 0 chance of recession, the job market caves in, savings rates are plunging, credit card usage is skyrocketing. dave: thanks for coming in, appreciate it. meta will release a brand-new
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broadcasting feature. what will this do? ashley: it is called channels. meta says it will be like a private broadcast service in which people and organizations can send messages and updates that are separate from those communications between what's apps users? channel it minister's will send things like videos, text, photos and polls to followers who will not be able to reply to the messages. channels will not use end to end encryption because they can reach a wider audience. users eventually, we are told, be able to find the channels they want to join in a searchable directory. dave: my marine son only uses signal and he knows a lot about intel and supplies. thank you very much. now this. fires from canada engulfing the
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northeast with heavy smoke again causing a lot of health concerns. we will tell you everything you need to know about that. squad member cory busch says if you are anti-woke, you are anti-black. we go again, roll it. >> you say i am anti-woke, when you talk about woke, you're saying i'm anti-black and don't want black people to speak up for themselves, don't want equality and justice for black folks. dave: we may not agree with that. we are all over that. house oversight chair james comee are canceling a vote to hold christopher ray in contempt of congress. this is the entire committee finally allowed to review the document on biden's alleged bribery scheme. commerce when pat fallon is on that committee and is going to tell us all about it, and jason chaffetz next. ♪ ♪
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dave: house oversight chair james comeer has canceled plans to hold christopher ray in contempt of congress at least for now. chad pogrom is on capitol hill with what happened. this isn't a permanent decision, this is just ? >> reporter: for now. there was a reprieve because the fbi agreed to allow all members of the oversight committee access to the 1023 form. that the document which reportedly alleges president biden accepted a bribe when he served as vice president. house oversight committee chairman james comeer halted a potential contempt of congress
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vote scheduled in committee today. the gop brass applauded comeer. >> this is very big victory showing the republicans are holding this government accountable. and continue following wherever the truth takes you. >> the fbi will also grant comeer the top democrat on the panel access to two additional documents. it is unclear if this offer satisfies the gop. >> they will provide additional documentation that will allow the investigation to spread out because my understanding is theirs additional references to potential misconduct. i am also told the dollar amounts are far higher than we've been led to believe and it is going -- it leads to president biden. >> reporter: democrats believe this is all republican stunt. >> we found mr.
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ray to be cooperative here. he should be. our committee has jurisdiction to procure that information. i am certain speaker mccarthy's team is going to try their best to make this as political as possible. >> reporter: member's of the oversight committee can now view the 1023 document in a secure location at the capital between now and one:00 p.m. eastern time. dave: thank you very much. congress when pat fallon, republican from texas joins me now. a lot of people are saying what he should do is just chalk up a victory and move on, forget the contempt citation was other people say the fbi is supposed to -- congress is supposed to have oversight over the fbi. that is the national order of things. to let him off, to assume that he has the power and the right
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to decide which and when he is going to release of document cannot be accepted at he should be held in contempt. what do you think? >> no doubt. our job is to ensure the fbi does their job. we are in the oversight committee. it is not the fbi director's call to say which oversight committee member gets to view these documents, he is not discovered this isn't the only one. there are others out there. we need to view those. all they've done from the beginning is go where the evidence leads us. dave: particularly because now, we are finding out so much more from comeer than we did for years was i will plan other soundbite from andy exit was on with maria. role tape. >> chairman comeer the oversight committee produced more and found out more in four months than the fbi did in 7 years.
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dave: it really looks like they were avoiding this issue entirely, they had the document and didn't want a go of it. what do you think? >> exactly true. a few months ago we thought we could only find $1 million provided in -- given by nationals to the biden family, now the numbers confirmed up to 10 million, could be 30 to 50 million additional dollars and furthermore what they are saying, two bentley falls things from yesterday, one, william barr did not cut down this investigation. he referred it to the us attorney and rudy giuliani has nothing to do with this confidential source. dave: we are lucky enough to have jason chaffetz, who was head of the oversight committee. i have to ask. i understand some people think we should move on from the contempt issue but again, rage is not have the right to decide and pick and choose what
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congress gets to see. he has to answer to congress. there is oversight. >> it unclassified document. i'm glad they got this far, comeer is doing a stupendous job. i find it almost comical to hear senator durbin and others say this is a political stunt. they haven't read the document. wears their curiosity. why don't they go look at this. these are serious allegations. bribery of the vice president of the united states of america and the media doesn't want to see what is going on? dave: do you think it is possible. andy biggs says it's a real possibility based on the information that's turning up, we may see an impeachment on president biden before the next election as a result of what's being dug up? >> there is that possibility because all circumstantial evidence leads to the fact that president biden may become from ice, the president of the united states being a national
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security risk to the country because none of it makes any sense. doesn't look like the biden family was in legitimate business, was influence peddling and access. dave: i want to switch gears because we had an interesting visit by a democrat presidential candidate, robert kennedy junior. he was at the southern border, he called the crisis unsustainable, wasn't one of these potemkin village kind of visits by mayorkas that we've seen so often. let me roll a bit of what he said and get your reaction. role tape. >> this is not a good thing for our country. it's not a good thing. it is unsustainable. they are put on these buses, brought to border patrol station where they are processed, after 4 or 5 days, they are released on their own recognizance. into our country, most are never seen or heard from again.
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this is a humanitarian crisis, because of the understanding across the globe that we now have an open border. dave: i've never heard a democrat speak that frankly about what's happening at the border have you? >> no, he's absolutely right. we have 4 million people waiting to come into this country legally and to let those folks cut the line is patently un-american and patently unfair. we have never seen a month in our history where we had 200,000 illegal border crossings but under president biden it is 15 months in a row. this isn't even a crisis anymore, it's a cataclysm. dave: nice to see a democrat go down there and not just come out with another narrative. he was really investigating and spoke to what he saw. great to see you. thanks for coming in, appreciate it. in less than an hour president biden will meet with british
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prime minister rishi sunak where they will discuss proposed regulations for ai. edward lawrence has that report from the white house coming up next. ♪ the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the ink business premier card from chase for business. make more of what's yours. chevy silverado factory-lifted trucks.
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dave: check the markets, we went from flat line to a pretty solid day at least as far as nasdaq is concerned, the dow is up a quarter of a percentage point, up 82, nasdaq is up 54, close to half a percentage point and the s&p is up 1/4, percentage point. amazon zooming right now up 3%. 3%. a lot of faith in amazon. now this. 30 minutes from now president biden will welcome british prime minister rishi sunak. edward lawrence, artificial intelligence, that is going to be a top talk for today, no? >> reporter: very big topic, the united kingdom wants to be the go to government's lobby around the globe when it comes to artificial intelligence. the artificial intelligence uk advisor to the prime minister
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says humans have two years to set regulations before ai becomes too powerful. i wanted to know if president biden will step aside. >> is the president comfortable with the uk leading on artificial intelligence? >> i won't get ahead of what they are going to discuss. what we have done here and how we see it moving forward on artificial intelligence i'm not going to get ahead of it. we will have a readout tomorrow. >> she says the president wants to roll out artificial intelligence in a response away, he just doesn't know what that looks like yet. major companies plowing millions, billions even into ai, talking about juggernauts like microsoft, amazon, google's parent company, we also see new startups raising hundreds of millions of dollars to develop a i with dire warnings from artificial intelligence experts. >> we are trying to make people
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aware that ai could pose the risk of extinction to humanity in the future so we need to be proactively addressing some of these risks and treated like a global priority to cooperate. >> this could be one of those genie in the bottle moments when you can't put it back some expert say artificial intelligence is like the computer, it is transformative as the computer or television when he came onto the scene. dave: thank you very much. come back in, jason chaffetz. i'm kind of glad biden is not taking a lead on this. you think i know afghanistan is a different story, the economy is a different story but if he can't deal with basic stuff this is a very sophisticated thing. >> the vice president was going to lead on artificial intelligence. the problem is you don't have enough nerds in the room to even comprehend how it works. this is a problem in congress too and in the white house,
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they don't have the intellectual capacity to understand or ask the right questions. that uk has been leaving a lot on these issues. glad they are talking about it. it's a seminal moment for our country and the world, but they've got to figure this out but they need people who talk the language like elon musk. dave: they are not going to bring elon musk to the white house, i know they should but he is a political no to them. thank you very much. my next guest is a former agent for the fbi, she says americans no longer trust the organization. let's bring her in, nicole parker joined me now, great to see you again. we've been having interviews in the past 24 hours with nevers of the oversight committee saying there's all kinds of new information coming out as a result of the document the fbi has had for years suggesting there was bribery between vice president biden and other governments, we don't know if those allegations are true or
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not but do you think the fbi was trying to bury that document rather than investigate what it led to? >> i'm not the case agent on this so i don't want to make false assumptions i do believe there is a pattern we are seeing in the fbi and doj that there seems to be very aggressive steps towards investigating certain people on one side of the political spectrum and turning a blind eye to the opposite spectrum. americans are seeing this. when you have a case where you have an fd 1023 is a sore supporting document, the fbi uses confidential sources to obtain information and from what i understand that information was obtained in 2020 so it is now 2023. what has been done with that. interesting, with the process being different if it was on the other side of the spectrum versus president biden? that concerns americans. has to be fair, has to be equal, the fbi should be apolitical and slow walking certain investigations which we
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see over and over again. dave: we have a different fbi director, doesn't seem to have changed the modus operandi with regard to the biden administration. do we need a total revamping of the fbi and if so how? >> that's a very interesting question. in my opinion i think the fbi needs to clean house. i think myself, many current employee, retired agents, we have discussions, we look at it as if there are two fbis, the rank-and-file agents typically in the field offices doing hard work, they came to fight crime, uphold the constitution, then fbi 2, those in the headquarters level, in washington in the dc area and those that are using their personal, pushing their personal agendas, that's not
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appropriate and it is an accessible and americans deserve better. i personally believe that many others believe the fbi needs to completely revamp and start over. i love the fbi. i don't believe in abolishing the fbi, they are amazing agents doing heavy lifting every day but there needs to be some drastic changes. dave: is it possible that there's any chance the fbi could interfere in this election the way we saw it happen in 2020, 2024? >> i want to be hopeful and say no but let's be realistic. i hope people do the right thing. i hope agents stand up and do the right thing. dave: and finally, cory bush, member of the squad so-called sounding off on and i woke agenda. your quick view on anti-woke and her views as far as that goes? >> real quick on that. i love diversity. i believe it is important everywhere especially at the fbi but when you take an oath to uphold the constitution to
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protect american citizens, that's the first priority, period. dave: thank you very much. ashley, go ahead on that story, the cory bush story. dave: here we go again as you said earlier, the progressive democrat, member of the house oversight committee says being anti-woke is the same as being anti-black. listen to this. >> anti-woke, when you talk about woke, you are saying, i'm anti-black and don't want black people to speak up for themselves, don't 20 quality and justice for black folks, you should be on this side of folks who are woke because we say no more oppression against our community. you are saying racist whites are processed and i'm bigoted, stop talking about woke and you can't tell me i'm wrong because i'm from the very movement where this came about. dave: ashley: democrats cannot sit idly by as the gop, she says,
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gets in front of cameras and yell woke at everything, she says that is an attack. dave: thank you very much and now this otto giant like volkswagen and ford are trying to cut dependence on china by searching other locations for rare minerals. this is general motors saying it's going to invest a million bucks to produce heavy-duty pickup trucks. jeff flock has the full report coming up next. ♪
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ashley: the biden white house wants businesses working on in particular quantum tech breakthroughs to team up with federal security officials to stop the chinese from stealing that technology. the administration wants company is researching and developing the tech to bring in the fbi and department of homeland security before problems begin. quantum-based advances have produced tech products including gps navigation tools, mris for medical care. scientists say to remain at the cutting edge the us needs to not only move quickly to outcompete china but to put security measures in place to prevent beijing from stealing this emerging technology. not easy to stop them from stealing. dave: we've got to keep trying. is this a good idea? >> i want the fbi to go after,
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identify, prosecute, deport, stop bringing in the chinese by the thousands to go into our educational system and extract to that and go home and teach the chinese how to do things. there is no aggressive strategy. the united states and was working on legislation led by senator mitt romney and others that say why don't we have a strategy how to tackle china? there is no strategy at this point. dave: unbelievable they haven't figured that out. general motors will invest more than billion dollars in next-generation heavy-duty pickups. jeff flock is in philadelphia, what does it mean for their mostly money-losing electric efforts? >> reporter: means they will be able to finance them. these trucks are commendably profitable and the chevy silverados and gmc sierra, that's where this money is going to go. it is for internal combustion
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engine trucks, not electric trucks. take a look at where it is going, assembly plant and metal plant in michigan, that's where the trucks get built and assembled. there's also an engine plant with some extra money. it is sort of kind of flies a little bit in the face of gm's plans to be all electric at some point by 2035. we put that to the folks at edmonds for their take. this is what they told us. >> seems antithetical, we are talking electrification and they have to look at their core business and for gm, trucks is 1/3 of their business. a profitable end of the business. they must be vested into. >> could there be second thoughts at general motors headquarters? in the press release it said, quote, also highlights the company's commitment to provide customers a strong portfolio of internal combustion engine
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vehicles for years to come. guess we will find out. what is beyond dispute is these trucks are tremendous big sellers and the big profit center for general motors. if you look the f 150 from ford, the biggest selling truck out there that you can find, gmc sierra and chevy silverado sales outstripped the c150. both those companies are using profits trucks, to the internal combustion engine trucks to finance the new future of electricity. don't know if we will be alive when we see that change. dave: exactly. i don't know. i think it will take a long time. thank you very much. jason, you sold in ev in order to purchase enough 120. >> does nots are are some. 's will be awesome. i drove it for two years, put 20,000 miles on it and sold it for a $5,000 profit and bought
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an f 150 which i love. dave: you made money by selling a used car. >> never happened before. it is a great car. i sold it and bought enough 150. dave: that a new car. and alert for the freight railroad region on the west coast, raised to rail. what is the problem? ashley: a domino effect. congestion thanks to a union slowdown. it has created a contagion spreading to the freight railroads. earlier this week union pacific had to temporarily pause all us exports to the ports of la and long beach because the rail congestion. the management was locked in a battle over a new contract but with the supply chain being threatened, the scene was leveraged for the workers. another option, you could see shippers moving there rail
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freight to the west coast canadian ports, go north but union workers are voting today and tomorrow whether to start a 72 hour strike. dave: meanwhile, seattle city council rejected legislation, let's see prosecute people for misdemeanor drug possession and public drug use. how will this help the city crackdown on drug use if at all? our seattle guy, jason rantz is here next. (man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if i can do diabetes differently?
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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. dave: biden's drugs are warning the opioid crisis could get worse. what is he saying? ashley: time for action, not words, time for more funding. rail groups are, the office of national drug control policy, service funding treatment for incarcerated individuals and expanding telehealth treatment could cut the number of overdose deaths in have. the governor says without any action one hundred 60,000 lives could be lost the year to the opioid crisis, by 2025.
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55,000 more than died from an overdose last year. the drugs are says there's no issue that affects public health, national security and economic prosperity more than the opioid crisis. but closing the southern border would be a good start to stop those drugs from pouring into our streets but i digress. dave: meanwhile the seattle city council just rejected legislation that would allow the city to prosecute people for misdemeanor drug possession and public drug use. jason rantz joins me now. i would think this will increase the problem. what do you think? >> it's one hundred% going to increase the problem because all you're doing is signaling yet again to drug dealers and the mexican cartels continued tenure to flood our streets with drugs. we had the opportunity to allow the seattle city attorney to move forward and take a carrot and stick approach to this
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crisis, no one is saying round up of a drug addict and throw them in jail but we are saying it turns out drug addicts don't like carrots. we need that stick to get the moving along into treatment and if we are not going to threaten them or leverage jail time as a means to push them into treatment they are going to continue their deadly behavior, they are going to die in the streets of seattle. dave: this points our problem we have and particularly blue cities where you have a relatively decent, don't know about the mayor of seattle to new york, relatively decent democratic mayor but city council that is so far to the left that even his efforts even though he's a democrat, might not go as far as a lot of conservatives like are being shot down at city council, the same is happening in seattle. >> it is similar. our mayor is very much a progressive but if he had his way he wouldn't allow this to happen in downtown seattle.
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he doesn't want to go against the seattle city council. he delivered a press conference saying enough is enough and he continues to choose not to. dave: these situations are getting so out of control all over america that certain parts of states are trying to break off from other parts of the state. you have a situation in western oregon where they don't like what's happening in eastern oregon where the crazies are. they want to break off and join idaho. is a similar situation going to happen in washington? >> we had a similar situation. hasn't gone as far as it has with the greater idaho movement, there's votes going on in eastern oregon which they decided to say yes to this idea but all it does is require the two states to get together and have a bigger conversation because at the end of the day it's not easy to change the
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border of a state, requires congress to get involved. ultimately it's not going to happen but it sends a message i wish folks would listen to in portland, seattle the folks on the eastern side of the state, we do not feel like we are being heard so that is what they are saying in. instead of hearing them and bringing them to the table and trying to figure out what issues truly are and how to address them they just completely ignore them because they know they are not going to be able to change it. dave: jason rantz, you have the whole area to cover because nobody's covering it the way you are, you have a monopoly of coverage here so good for you on that but for the people who have to live there, thank you, appreciate it. still ahead, kevin o'leary on the pga's merging with live golf, douglas murray talking about oxford university's new policy that expels students for missed entering their peers.
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kendall smith is going to give us the latest on the toxic smoke that is blanketing much of the northeast. 11 am hour of "varney and company" is next. ♪ ♪ ate ♪ the biggest ideas inspire new ones. ... t thrilling thing in the world. there's an abundance of reasons to get started. how far we take an idea is a question of willpower.
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because progress... is a matter of character.
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