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tv   Varney Company  FOX Business  June 8, 2023 11:00am-12:00pm EDT

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see buildings in new york today. it's another air emergency day but it's a lot cleaner than it was yesterday. still, over all the northeast there is this cloud of smoke that's coming from canada, from those fires up north, coming over not only new york, but spreading down as far south as baltimore. its happened many many times. that's a better view of new york happened many times before, in 2008, this happened in 2002 all the way back to 1780 by the way when there was a huge fire, so it is not uncommon. it has happened quite a bit. meanwhile the market is in a good mood today. pre-market activity was mixed. the dow firmly in positive positional green arrows. the dow is up 95, nasdaq up very nicely, well-over a full half a percentage point, 89-90 points now, s&p is up as well so it's a good day. let me see big tech names just to give you an idea of what's happening they are all in the
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green, some more than others amazon is really having a particularly good day. meanwhile the 10 year treasury is down a little bit. it's down about 6.3 basis points its been coming down. that may be one of the reasons why nasdaq is doing so well right now. now this. a new policy at a college with an oxford university says students can be expelled for miss-gendering others even if it's unintentional. fox news contributor douglas murray is with me now. miss-gendering peers is an expelling offense. your reaction to this. >> um, i wish i could say i was amazed but i'm not. this is totally in line with all of the madness that is going on in our era. oxford university is not just my alma mater but it's one of the best universities in the uk. david: in the world. >> the top two or so in the uk and one of the best in the world i was in london giving a speech on this madness going on in america and i said that, you
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know, we should just say we don't have time for nonsense like this. you know, oxford university, like its equivalence in the u.s. , the students should be spending their time solving the world's problems or getting ready to solve the world's problems. they should be getting ready to work out how to make our econom ies go gangbusters. they should be making discoveries in the fields of science, in the fields of technology. they should be doing, they shouldn't just be taking a part in history. they should be making history or getting ready to make it. instead, we are all being made to go at the speed of the stupid est kid in the class because to believe this is a priority at oxford university in the 21st century is an insult. david: oxford is known as having one of the best if not the best debating societies in the world. you know what happens in the united states when you try to debate these issues on miss- gendering or whatever it happens to be from the woke
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universe. here those debates are often shutdown. is at least the oxford debating society willing to debate these issues in a way that doesn't happen here? >> it actually did just last week when kathleen stock, a professor of philosophy whose become very controversial because she believes in biological sex was actually interviewed and spoke to the students at the oxford union so it does happen there. it does have huge pushback because britain is effectively just downstream from america on these issues as on so many others. you know, america catches the gender nonsense virus and within no time, it comes to the uk. david: this should be the opposite. we've got the beatles from britain and now it's switching over. so in other words, the crazy, really craziness that you see here hasn't yet gotten to that level at the uk. >> its got almost as bad but you know, i repeat. there is just this extraordinary disaster going on underneath this which is that in the 21st century when we have so much we could be accomplishing,
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students at oxford university are being persuaded to forget the first thing we knew as a species. boy or girl. david: okay next one, douglas. congresswoman alexandria ocasio-cortez wasted no time using the wildfires to push the green new deal. between new york city and wildfires smoke and this it bears repeating how unprepared we are for the climate crisis. we must adapt our food systems, energy grids, infrastructure, healthcare, et cetera, asap to prepare for what's to come and catch up to what is already here green new deal. but take a look at this quote. this is from the "wall street journal." government land management policies that prevent wildfires from spreading out of control such as prescribed burns would reduce emissions more than offshore wind or electric vehicle mandates. this doesn't fit with the climate left's book of revelation. i mean, we shouldn't be surprised, i would say, that aoc is pushing this no matter what
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but normal people, you look at the history of wildfires affect ing smoke, you know, in the northeast or the u.s. goes back to the 1780s for god's sakes before there were any electric vehicles or gas vehicles, et cetera. they are just going to look for any excuse to push their agenda. >> i have a special hobby of setting these people who have an absolute hobby horse and whatever happen in the world just happens to fit into their ideological agenda. isn't it a coincidence, a natural disaster happens and it vindicates exactly what you have been saying for the last few years. no. as you say. events like this have been commonplace. this is an issue of forest management. it is not an issue of global warming or anything like that, but we see this time and again. it doesn't matter whether it's an extreme weather event, tornado, a hurricane, flood. everything these days is put by people like aoc into the category of this never used
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to happen. my response is people like her may have exceptionally short-term memory but they cannot full arrest us into having that too. david: sometimes they get tripped up by their own woke orthodoxy. for example, they had their big indigenous populations around the world and promoting the cause so indigenous people have been setting fires to upset these massive forest fires, these controlled burns for years and here is what an indian leader in canada said about his fight with the bureaucrats on this. he says it's as simple as lighting a match. the way the province deals with things, they want heavy equipment on the site. they want big hoses and a lot of equipment and high priced personnel so that indian leader got to the bottom line that governments are so invested in the idea of climate change and the idea of that that they are actually pushing policies that don't work as opposed to the policies that the indians are
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pursuing, that do work. >> and not only that don't work but which would bankrupt us. i mean, our colleague dagen i think worked it out yesterday that some of the green new deal stuff, just a section of it, you'd have to rob the top 1% of americanishers for the next 30 years to begin to pay for it. now, i'm sure that aoc and her colleagues would love to rob the most successful people in america for the next 30 years. it's not workable, and as for bundling everything else into there, you know, she says healthcare. what's healthcare provision got to do with a forest fire in canada? you know, so no. once again, it's an ideological agenda of a group that is trying to make everything fit into it, and frankly, once again, the grown-ups have to say sorry, this is not connected. david: but you think of the trillions of dollars that have been spent on some of this climate change madness, and there's a lot of money and a lot of investments by these green folks that depend -- >> oh, yeah, one of the greatest of our time.
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david: douglas thank you very much. speaking of aoc, she could potentially take over the subcommittee on energy and natural resources if dems take back the house in 2024. ashley? just imagine what could be done then. ashley: yeah, what would it mean well the color green, we know, would feature prominently, david , while fossil fuels producers be cast as evil planet destroyers. now, as you say, aoc is not just one election away from actually chairing the house subcommittee, responsible for overseeing america's oil & gas and drilling on public lands. the new york congresswoman recently reintroduced the green new deal which has been slammed by republicans as radical and expensive. analysts at goldman sachs say the bill will cost roughly $1.2 trillion in subsidies for green energy projects over the next 10 years. that, by the way, more than 10 times the government's initial estimated cost. bottom line of all of this. oil and coal bad. wind and solar good.
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david? david: and if she gets anywhere near that committee we're spending a lot more for the energy that's produced no matter how it's produced. ashley, thank you very much. now, let's check the markets and joining me now is leo kelly as we look at green on the screen. leo, again, the market seems to be impermeous to those that suggest we're going into a recession but you say you can't count it out, right? >> no, you absolutely can't count it out and the market can move directionally and in the short run against what might be common sense data, right in front of your eyes. that doesn't mean that we're not looking at a recession. i think if you look at the leading economic indicators and look at the ism data, it's pointing to a recession. in fact a lot of this data is already in recession territory, so people are hanging on to the jobs numbers is the reason why we might not go into recession but i would add those tend to be a lagging indicator, not a lead.
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david: all right, but that is the big kahoona of those who say we're not going to have a recession. you have 10 million more jobs and people looking for jobs. of course you have a lot of migrants coming into the u.s. and they could fill some of those jobs potentially but you discount entirely that labor overhang? you think that those jobs could go away very quickly as things begin to deteriorate? >> well when you go into a recession jobs do evaporate pretty quickly. now do i think we'll go into job territory where we've been in prior recessions? no, because we still have a lot of innovation in the economy. we're flooded with capital. this is the greatest economic anomaly in history. the amount of capital that's been poured into the system, and that should help the recession be somewhat mild, but i would remind everyone that we are already in an earnings recession we've had negative earnings growth now for some time and earnings lead employment.
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when companies aren't making enough money, they start to trim back. we've already seen that in technology. we've already seen some of the things who by the way are leading the market right now, have been pulling back on jobs. david: by the way very quickly. are you 100% in cash right now or how do you save your money if you think the recessions inevitable. quickly. >> you never go to 100% cash. investing is a long term gain. you have to take a long term perspective. we are overweight cash and for the first time in a long time, cash is actually paying us to hold it and the opportunity cost should we get volatility in the market could be even more dramatic, but never 100% cash. never 100% equity. it's about being smart and staying focused on valuations. remember this. david: quickly. >> about half of the stock market is still down so we're not exactly running completely. david: leo kelly thank you so much my friend. appreciate it. momentarily the prime minister of britain is ariving at the
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white house and about to hold a bilateral meeting with the president. there will be a little bit of a press conference. we're monitoring it and will bring you the headlines. plus celebrity investor kevin o'leary is here and will get his take on the historic pga merger with live golf was it a good deal and the air quality inn new york city is the worst in the world. smoke from the canadian wildfire s forcing people to go back to masks. is there relief in sight? the fox weather report right after this. ♪ chevy silverado factory-lifted trucks. where will they take you? with the capability of a 2-inch lift. ♪ the versatility of the available multi-flex tailgate.
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♪ ♪ david: my favorite band of all-time, leonard skinnard, talking about the smell in new york, well they weren't talking about new york in particular but a day liked to you could be. although it's not as bad. it's not as orangey and thick as it was yesterday. still, air quality alert is underway in new york. it extends all the way into pennsylvania, new jersey. nate foy is in jersey city. nate, i understand it goes all the way to baltimore. how is the air where you are? reporter: you can definitely smell the smoke, david. that's for sure. it's thicker now at this time of the day than it was yesterday and we'll really be watching these next couple hours because it was at about 2:00 yesterday when conditions really got at their worst but if you take a look at the new york city sky line, behind me, across the
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hudson, you can see we already have significant smoke hovering over the city right now. a lot of people working from home today. we're seeing a lot more face masks out here than we saw yesterday. new york city mayor eric adams projects conditions to get worse throughout the day which is similar to what we saw yesterday , but this is also having a big impact on travelers today. let's take a live look from philadelphia international airport. a ground stop just ended here, but a ground delay is still in effect at new york's laguardia airport as well as newark international airport here in new jersey. i want to show you, david, how bad things got yesterday in new york. take a look here. in the middle of the afternoon for about 30 minutes, it was so dark from all the smoke that we could not see the sun. people told us in central park they experienced physical symptoms from the smoke. these conditions are expected to last a couple more days. here is new york city mayor eric adams talking about how bad it got last night. >> at 5 p.m., the air quality
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inn dem hit 484. the hazardous condition that we are facing, on the levels of health concern, this is the highest level index of all knowledge. reporter: so take a look at this , david. this is where the smoke is going you mentioned this the pittsburgh area will be hit especially hard over the next day. the east coast is set to clear out by early saturday morning. here is the effects of all that smoke. take a look at the next map see ing new york in the unhealthy category, new jersey, maryland, virginia and delaware are all in the very unhealthy category and pennsylvania getting the worst of it today in the hazardous category, but take a look at this next video. this is having a big impact on sports. the phillies and yankees games were both canceled last night. the yankees hope to play a double header today but we'll see if they can squeeze that in. game one starts after 4:00 and i
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mentioned the conditions are expected to deteriorate throughout the day so it's going to be pretty difficult catching a fly ball in conditions like this. back out here live, david, a wnb a game in brooklyn was canceled last night at the barclay center set to be played indoors. races at belmont park are canceled today but the belmont stakes for now is still set to happen on saturday. we are waiting on a news conference from new york governor kathy hochul coming up at 11:30 so we'll follow that and bring you what she says. david: it is nice to see the skyline behind you. i don't think yesterday, at 2:00 , you could see it and again , it may get worse today. we don't know, but at least right now, it's better than the worst of yesterday. nate, thank you very much. let's bring in fox weather's kendall smith. kendall? when is it going to get back to normal? >> you know, david i'll have to say this is the question everyone is asking right now. nate was just mentioning how bad it got yesterday, so we did see in fact the worst air quality ever on record right
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here in new york city. that shattered the old record set back in july of 1981 so we've not seen conditions this bad in quite some time and i thought this was interesting in terms of our comparison. yesterday, our aqi, air quality inn dem rating was 436. that was the highest level possible and we compare that to beijing china, an area that typically has poor air quality yesterday they were 55 which is actually considered good, so really interesting when you compare the two locations. so for today, again, we're really kind of targeting that northern mid-atlantic and much of new england. this is where we will be dealing with the worst air quality. it is better today compared to yesterday, but later this afternoon and evening that's the timeframe i'm most worried about as we continue to deal with the northerly winds transporting all of that thick, dense wildfire smoke right on into the region. so, what's going on? well we have 233 active wildfire s that are greater than 100-acres in size. we've got more than 400 wildfire s across canada as a
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whole but 233 are extremely large. they have already burned 9.4 million-acres so we are wel. canada actually on track to potentially see the worst wildfire season ever for them, so this is something we have to continue to be concerned with, because this is not going to be going anywhere anytime soon. so what's happening? this area of low pressure parked over the northeast and it is beginning to lift out of the region, so we do still have that northerly flow that's pulling all of that thick, wildfire smoke into the northeast, portions of the ohio and tennessee river valley and great lakes but notice the area of high pressure what happens heading into the weekend? we see this area of low pressure move out of here by friday into saturday and then we'll start to see those winds shift. the winds, david, are the major component here because once we start to see the winds shift from the north to the south, that's when we finally are able to breathe fresh air, because we've got that southerly flow and so we've got another storm system we're watching as we head sunday into monday. there is a potential where we
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could see those winds shift and the latter half of next week so maybe smoking conditions again kind of around this time next week but we'll have to watch that very carefully because there are still changes at play here with the forecast, but at least here is our latest thinking. so we'll continue to watch as rounds of thick smoke work their way southward, so we're targeting places like washington d.c. today. philadelphia, still poor air quality inn places like new york city, boston, these locations to the north but a little bit of a break. just recommend that you try to limit your time outdoors. that's your best bet and if you have a window unit you're making sure that you're circulating that air inside. not trying to pull in any of that outdoor air because it's far too dangerous to breathe for extended periods of time so it's what we're looking like but at least some relief is on the way for the weekend and just in time because we know sporting events and a lot of outdoor activities have been impacted already. david: usually, you look forward to the air that comes down from the north because it's so clean and fresh and cool, and
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it is cool, but it's anything but fresh. kendall, thank you very much. well, some companies on the east coast are telling workers to stay home and avoid the smoke. come into this , ashley. how long before they are going back into the office? ashley: yeah. well, until the air quality improves, david. that map of canada by the way looked like the opening of the old show bonanza, you know, where flames come out. it's just remarkable how, you know? yeah. look, google, for example, is telling its east coast employees to work-from-home if possible and of course to limit their exposure to outdoor air. in addition to new york, the company issued advisory notices to workers in the detroit area, washington d.c., virginia, pittsburgh and even all the way south to durham , north carolina. google also sent notices to workers in the ontario cities, of course they are the closest toronto and waterloo. new york mayor eric adams issued a statement yesterday urging all new yorkers to limit outdoor activity as we've seen, through
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our reports, airports delayed because of smoke affecting the visibility from those wildfires. by the way, nate foy mentioned major league baseball postponed games in new york and philadelphia last night because of the poor air quality. we continue to monitor that. they say they are going to monitor the air for today's game see if they can get in a double header but you know what if it gets worse maybe not and we should also mention, david, broadway shows were canceled last night, including hamilton. so, the impact has been far- ranging. david: ashley, thank you very much appreciate that. now this. the saudis are pouring billions of dollars into becoming a major player in the sports world. live golf could be just the beginning. we'll be breaking down their extraordinary expenses of course well cryptos are turning into radioactive waste for investors. those are the words from celebrity investor kevin o'leary as the sec is cracking down on binance and coinbase, mr.
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david: time to check the markets. nasdaq is doing very well. part of it is because interest rates have come down. you know how nasdaq is particularly affected by lower interest or higher interest rates when it's low. nasdaq is up, but the dow is doing well too. the dow is up about 94 points right now. nasdaq is up 113 points, which is a lot more percentage wise and the s&p is up 17. now this. the pga lif golf merger is the latest in a long line of investments into sports by saudi arabia. ashley, come on into this. saudi arabia has poured billions into sports already. are they going to slowdown any time soon? ashley: absolutely not. under ruling crown prince, mbs himself, saudi arabia oil-rich public investment fund has been unloading a gusher of cash basically to establish itself as a major sports player. according to reports they are also now trying to buy all of formula one car racing for
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around $20 billion. pro-tennis is being considered and of course, they have been pouring hundreds of billions of dollars into soccer, hosting events, buying teams and accumulating aging soccer stars with eye watering salaries all to promote saudi soccer. not everyone though, lionel messi turned down a deal with the saudis for a reported billion dollars-plus, but he is the exception. it's reported that christiano ri naldo will make around 200 million a year with his saudi soccer club, but, critics call all of this sports washing. a deliberate effort by saudi arabia to distract from its record on human rights and let's not forget for the families of 9/11 victims, this issue is a lot more personal, and they say they are furious with the pga. >> they are taking these billions of dollars into professional golf, hoping what the saudis want is to erase
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where they used to spend their billions, which was supporting terrorism, and financing al qaeda, and financing the september 11 attacks. shame on all of them. ashley: now, riad claims the criticism is unfair and hypocritical, but if the golf tour merger does indeed go forward it represents an enormous victory for saudi arabia and of course mbs and like it or not saudi money is rapidly reshaping sports around the world and pga golfer rory mc elroy puts it this way. >> you're thinking about, you know, one of the biggest sovereign wealth funds in the world. would you rather have them as a partner or enemy? at the end of the day, money talks and you'd rather have them as a partner. ashley: yup, david, money talks. the kingdom is going deep into their pockets to establish their sports empire in the pga only just the latest acquisition. back to you. david: have a lot of money to
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spread around. ashley thank you very much. joining me is kevin o'leary. great to see you. this is our first time in person why did the big question, you know, as a journalist i always follow the money so i suspect money had the most to do with it but why did the pga turnaround and accept this deal? >> there was a tremendous amount of litigation going on at the end of the day, they want and both sides want golf to be a global platform. i mean, this is a sport that could be relevant all around the world and the best way to do it is to put these two together, and you know, this should not be a surprise to anybody. saudi arabia for the last three years has been broadcasting around the world that they intend to diversify their economy. they targeted sports five years ago. they went out of their way to start focusing on it, and they are executing on exactly what they want to do. now, i understand the controversy but at the same time you have to think forward as well, and so i think rory
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said it well. do you want an enemy in this aggregation of all of this into sports or do you want a partner? every partnership in every sector has its ups and downs, but it's clear to me now that the pga and every golfer, even the critics, are better off. better purses, more diversified locations, more team excitement, and a brand new multi-billion audience for golf. david: but you say they want to have it worldwide. i can understand soccer, because that's, you don't need much to have a soccer game. you just have to have a field somewhere. it's a rich, let's face it, golf is a rich country sport, because you need to have a lot of space. you need to keep those lawns very well-maintained et cetera. it's easy to make soccer around the world and it's more difficult to do so with golf. >> well, what i love about, if you haven't been to riad in the last six years you haven't been to riad. i was blown away, it's such a
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change in the culture and the society so for all of the criticism people having at saudi arabia they shouldn't speak a word unless they go to riad or travel there. it's such a diverse place and everybody thinks it's a desert. that's not true. they want to exercise their own population but what i love the most about what's happened here, i love competition in every sector of the economy. they are competing. they are disruptive. they are making it better. they are making it bigger. i say bring it on in tennis. bring in on in soccer and formula one. what's the matter if you have a great investment vehicle like their sovereign wealth and they aren't the only country that has this amount of capital. why not diversify it out of energy, which is exactly what they are doing. david: let me switch to crypto, because i know you're hot on this one. the sec filed back to back lawsuits against crypto exchanges binance and coinbase this week. coinbase ceo assuring customers that their funds are safe. i'm just wondering. i clearly think that the sec
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gary gensler essentially said as much he wants to reg you latino the entire crypto market. does this kill it for investors? >> no this is actually good for investors. finally we'll have a showdown at the okay coral. david: it's good to have clear borders in terms of the law. >> the reason crypto is going new where and it has not budged between the best index is the price of bitcoin between 25 and $30,000 it's going to stay there for ever because there isn't a single dollar of institutional capital in this space, zero. they are not going to get involved in a fight with the sec because every sovereign wealth fund, every institution that invests money or manages it is actually in sync with the sec as their regulator so what i would encourage coinbase which is the granddaddy of the centralized wallet, the first in america, i would swap out management, and i don't mean to be, brian, the founder and ceo, he's a great pioneer, but he doesn't have what it takes to take it to the next level. the idea of going to war with
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the sector the fourth time, i mean, gensler made it clear. the answer is no. it was no three no's ago, and if you're on the board, you get a new ceo and you go back and say what's so wrong with making this a security and letting the institutions come in? david: kevin we have breaking news i've got to leave it at that but wonderful to see you in person. >> you too. david: this just in the mlb just postponed today's scheduled game between the washington nationals and the arizona diamondbacks in washington d.c. of course it's because of all that smoke, air quality concerns really forcing a decision there. was supposed to start at 1:00 p.m. the mlb says the makeup game is scheduled for thursday, june 22. kevin o'leary thank you very much. >> thank you. david: well now this a.i. isn't just for big corporations. small business owners could soon use it to save money as well without letting any of their workers go. we're on that, and china reportedly building a secret spy base in cuba.
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it's an electronic eavesdropping facility just about 100 miles off of coast of florida. congressman carlos jimenez is on the select committee on china. he joins us for an exclusive interview on that coming next. your wyndham is waiting... to help you check things off your bucket list... ...and his. with 24 trusted brands
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this litter seriously stops odors and it changes colors. - [daniel] go to prettylitter.com. david: "wall street journal's" reporting that cuba is going to be hosting a secret chinese spy base that's going to focus on gaining intel in the u.s.. here is what the defense department had to say about it . "we are not going to comment on those specific reports on a broader level we are very aware of the prc's attempts to invest in infrastructure all over the world that may have military purposes including in the western hemisphere we will continue to monitor it closely and remain confident we are able to meet all our security commitments at home and across-the-board." member of the house select
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committee on china, congressman carlos jimenez joins me now. congressman, thanks for being here. you know, there's a reason you know very well why the old ussr subsidized the cuban economy for decades because it is the perfect listen ing post to get into the u.s.. they don't need to send any spy balloons or anything like that. they can do it right from cuba 50 miles off the coast of the u.s.. >> right, and the soviets and the russians have had a spy base there for decades now the chinese are going to join the party. this is just one more indication of how the provocation of the chinese communist party they are not our friend. they are our adversary and then two old adversaries cuba and china are joining up to create a brand new spy facility down in cuba. the one thing that does concern me though is i believe the chinese have better technology so they will be able to better penetrate our defenses and also they pose a cyber threat, a bigger cyber threat to the united states. david: so what do we do about it?
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>> well i don't think there's anything you can do about it. look president biden is looking at opening up dialogue, more dialogue with cuba and blinken is thinking he's going to go to china to open up a dialogue with them. i have zero confidence in their ability to put this aside or have the chinese stop this activity, because i believe whatever comes out of those negotiations or talks with china is not going to be beneficial to the united states. all you have to do is look at his record. it's dismal. he is inept, incompetent and i don't think he's the right person to be secretary of state. david: shouldn't we at the very least stop the carrots to cuba while they are letting our enemies setup spy shops right off our coast? >> i'm sorry the what to cuba? david: the corrots rather than the stick. >> oh, yeah, no, listen, you'll get , cuba just eats up those carrots and they get nothing in return. so the only thing cuba will understand is sticks. this administration has never shown the spying, the will, to
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carry out what is necessary which is strength. the only thing that cuba and china understand is strength. this president, this sebaceous of state had never demonstrated that so i don't believe they will do that in the future. david: unbelievable. congressman thank you very much for being here telling us about this appreciate it. well according to a new study children's attention spans got even shorter during the pandemic ashley, come on in. why can't kids focus, ash? ashley: well, you know what? kids these days, david, have their heads down watching a screen. just go out on the street. a lot. so it doesn't really come as a surprise that the kids of the generation covid have limit ed attention spans. a survey of more than 500 school teachers in england reveals that attention has significantly worsened since the onset of the pandemic. an incredible 84% of teachers said their students attention span is shorter than ever forcing educators to spend less than 10 minutes on any given subject just to try and hold the
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kids interest. nearly two-thirds of respondents also reported an increase in day dreaming or inattention from their pupils and platforms like tiktok are certainly getting the blame and talking of tiktok, that company hopes to more than quadruple the size of its global e-commerce business to as much as $20 billion a year in merchandise. much of that in asia, but it's working to expand in the u.s. and europe as well, even though there are plenty of calls to have the platform banned. there you go, david. david: ash, thank you. well one of the major fears people have about a.i. is that it could steal their jobs. ashley i'm just wondering what are small business owners saying about all that? ashley: it's interesting, david. it's early days yet, but a survey found two-thirds of small business owners disagree that a.i. will actually replace anyone at their companies but on the other side 44% expect to scale down hiring, in the future , because of a.i.
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capabilities. guess what? the larger the company, the more likely the owners were to agree that yeah, a.i. would result in needing fewer new hires. according to the accounting company fresh books who conduct ed the survey about 25% of business owners are actually using or at least testing a.i. like chatgpt, google or microsoft bing, and some 60% agree that artificial intelligence is going to dramatically change their business within the next five years. the conclusion? the technology is here to stay and businesses will have a.i.- related decisions to make as adoption continues to grow. like it or not. david: yup. ashley, thank you. now this. a small town is suing new york city and the capitol of new york , they say buses full of migrants were dumped in their community under darkness without any notice. sound familiar? the towns supervisor thinks it's unacceptable and he joins me
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david: the small town of colony , new york is taking new york city and albany to court over the migrant crisis. they say buses full of people were just dropped off there in the cover of night without any authorization, colony town supervisor peter crummy joins me now. so there was no warning at all that these migrants were coming? >> i only got a tipoff from the county executive friday afternoon at 5:05 that it was confirmed by him that buses were rolling. 200 migrants were directed to the town of colony. oddly, not to the sanctuary city of albany but to the town of colony and that's when we got rolling and over memorial day weekend, and sure enough, under the cloak of darkness, at midnight, a bus of migrants did arrive here in colonie, and we
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were able to get temporary relief from the court system and there's more hearings to come on the issue, but you know, david, and like what you and i have thought of before as well. if this forced busing chaos is such a meritorious program, why then would you spirit into a town outside of the jurisdiction of new york and conduct the clan destin operation to bring people here without notice, and corroboration and cooperation. david: and you had no preparation for it. you didn't have any place to put it. by the way we should mention that albany is a sanctuary city and you're kind of a suburb of albany but you are not a sanctuary town, right? >> correct. we've never declared that. of course new york city is a sanctuary city and albany is a sanctuary city. however, when it's time to actually performance a sanctuary
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city, what do we see? no performance. david: of course you had no background checks on these people coming in. you don't know whether they are part of the cartel, whether they are criminals, et cetera, right? >> well, we should don't but you know what, david? immigration is a federal issue, and the federal government had allowed these folks to come into our country without a plan and as a result, they've created chaos throughout our country, where states are suing states and cities are trying to bully towns outside of their jurisdiction. our whole country is now in chaos because of the lack of preparation and programming by our federal government. david: peter we only have 20 seconds, but what do you hope to get out of this lawsuit? >> a continued stay while we sort out the details. they're planning on 400 people coming here, and if this stay doesn't remain into effect, we'll have 400 according to the
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hotel. david: and are you going to go bankrupt as a result of trying to pay for them? >> well, not currently. mayor adams is planning to pay for four months and then he's exiting the system as he deposit s these poor folks around upstate. david: peter best of luck to you. wie talked before. we really hope you get the best you can out of this lawsuit. thank you for coming in again. appreciate it. and now -- >> david always a pleasure. david: it's time for the thursday trivia question uncle sam, that phrase, who is it based on? it was based on a guy named sam wilson but where did he work during the war of 1812? a historian, meat inspector, weapons mechanic or a medic. the answer after this. o spin cls with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel, your risk of shingles sharply increases after age 50. . .
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david: so the real uncle sam was based on a guy named samuel wilson who worked as what during the war of 1812? ashley, historian, weapons mechanic, meat inspector, med dick, what you do say. >> i have no idea. number three weapons mechanic. david: it is actuality weapons, folks. no, meat inspector. don't forget to send in the "friday feedback" questions. see you tomorrow. ♪. [we didn't start the fire ♪ neil: we didn't start the fire. canada did, i'

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