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tv   Varney Company  FOX Business  June 20, 2023 11:00am-12:00pm EDT

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♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ to have and to hold from this day forward. ♪ you don't... ♪ c'mon, bear. ♪ you don't have to worry... ♪ ♪ be by your side.. ♪ ♪ i'll be there.. ♪ ♪ with my arms wrapped around... ♪
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>> we know there are lots of polls that show republicans, many republicans very much support is his policies that he's pursued in office. but they do have reservations about his behavior, his demeanor. >> is this the calm before the storm, or is this end of the recession that never was? i think it's closer to the latter of the two. the second quarter of next year, yes, we'll be in a modest recession. >> we've had a great run, but there are some signs party's coming to an en. just look at the consumer. -- an end. >> ono matter how bad china's economy is, they're running hard all around the world. we're running soft. ♪ baby, i need your loving, got to have all your loving ♪ stuart: that, that's really good, lauren. [laughter]
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you know the four tops. that's a song from the 1960s -- lauren: i wasn't alive. stuart: congratulations. [laughter] well done, indeed. it's 11:00 eastern time, tuesday, june 20th. check those markets. well, selling, i'm afraid. dow's up 300, nasdaq's down 100. big tech, almost all of these big tech stocks are down this morning. we've got one winner, amazon, which is up all of 7 cents. interest rates, the 10-year treasury, the-year treasury going up -- 2-year treasury going with up, big tech doesn't like that. there you have the 10-year treasury yield going down a bit right now, 3.71, but the 2-year is pretty close to 4.75%. big tech doesn't like that. that's the markets and now this. last night on fox bret baier interviewed donald trump. one part of the interview stood out to me. it's where bret asked him what
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lessons he had learned from his first term and what changes he would make if reelected. here's trump's response. >> i would like to be less combative, but i find press is extremely dishonest, and when i'm not combative, i don't get my word across. i don't know, i don't think you could winch -- win. i think regardless me or somebody else, if somebody else got the nomination, these radical left maniacs would come after them at a level like you've never seen before, and heir not going to be able to withstand it. our country is sick is, it's sick is. we have people that will do anything, and it's a very sad thing, like the document hoafntle it should have never been brought. we're in the middle of a political campaign, and they want to arrest the person who's leading the person that's, in theory, this charge of government? this stuff shouldn't happen. stuart: you know, it occurs to me that's a pretty good
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description of the trump dilemma. he wants to be less combative. he knows that style doesn't go down well with everyone, but with he feels he has to respond vigorously ott outrageous attackses on him. put yourself in his position for a minute. he's been called every name under the sun including a russian agent. the left and their media allies tried to wreck his presidency with the russia hoax, and they're till at it with this over the top indictment. the democrats are deliberately keeping the legal attacks going just to provoke a combative response. and to keep trump looking back to fight the battles of the past. that that's the trump dilemma. how does he look to the future in a positive way, how does he beat with back the haters without sinking to the their level? maybe he should concentrate on energy, inflation, stand up to the china, build a wall. why not? on policy trump was a hands-down success. part two of bret's trump interview is tonight at 6 p.m. eastern on fox news, and the third hour of "ny" starts right
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here -- varney starts right here, right now. ♪ ♪ stuart: jimmy failla, the star of thed podcast world these days, jimmy failla is back with us this morning. all right, jimmy, do you think trump is even capable of being less combative? >> let me just say, i feel a little hoodwinked because i was told i was a quest host. i didn't know i'd be -- i'm kidding. good to see you. [laughter] stu! just being combative, you see? stuart: i got it. >> here is trump's dilemma, it was actually articulated brilliantly in your monologue in that the media's never going to stop attacking him, and if he doesn't fight back, he doesn't change the perceptions to his terms. that being said, it would benefit him to realize that some conflicts are beneath him. give you an example. when he gets sworn in, okay, he
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never rose to the level of the office in the sense that if saturday night live made a joke about him, he didn't get out of 3wed at two in the morning and make fun of saturday night live. i think what he should do is keep that same tenacity when it comes to the fighting back, i just think he should pick his battles better, does that make sense? stuart: yeah, it does. he knows if he is less combative, he doesn't win -- >> oh, yeah, either way they'd be like, oh, trump's going soft. there's no version of this where they're ever going to give him credit. i think his warfare needs to be more precision-based. stuart: i wish he'd stop looking to the past. i didn't lose. >> oh, that's the thing. if i was running his campaign, okay? we've got to get this guy a shock collar, and every time he wanders off message, you give him a volt. talk about foreign policy, the economy, better than biden, okay? but if he talks about 20 to -- 2020 the, it's not a deliverable. so if he could move on are if
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that, it's a win. stuart: that's an education presentation if my childhood. >> you played the four tops on the way in, i thought we were going retro. stuart: fox has confirmed that hunter biden has reached a deal with federal prosecutors to plead guilty to who with two misdemeanor tax charges and a gun charge. listen to what former federal prosecutor kash patel had to tell me earlier on this program today. roll it. >> as an individual who has served on both sides of the aisle in the government service sector, i see -- i've never seen a deal like this in my life. i'm shocked there's a pretrial diversion program that avoids a felony conviction for hunter bide when i argued as a public defender hundreds of times for a period of decades for that diversion program to the apply to the indigent clients, and they didn't receive it. this admission makes it so that hunter biden says publicly he is a drug addict. it is it is the only way he could have received such a diversionary program unless, of
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course, someone in doj overrode it. stuart: okay, kash has never seen anything like it. trump says it's a sweetheart deal. jimmy failla. >> it's very hard for them to round up a jury oi of his peers, but here's the deal, he basically got the plea deal for the same reason he got the money, he's joe biden's kid. he wouldn't have gotten this money and the real issue i have here, the real dereliction, is the fact that they're not going after the origin source of the money. okay, he evaded taxes on millions of dollars, but where'd the millions of dollars come from? he doesn't have a background in any of these add fields where the money came are from. he does have an awful lot of shell companies, but i think that's where the racket happens to be. definitely looks like a slap on the wrist, and if you've been following the laptop story, he likes slaps on other parts of the body -- stuart: okaying i'm going to leave it -- >> good night, everybody! look at the time.
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knox to thanksgiving. [laughter] lauren: we'll all take the day off. stuart: all right. we're having a good time. let's keep it up. jimmy, thank you very much, indeed. let's go to the markets, some red ink. i'm looking at the dow down 280 # as we speak, nasdaq's down 84. mike murphy with me for the hour. i think the market is down today in part because china is obviously slowing down, europe is slowing down, and there are real worries about the global economy and us. >> yeah. jimmy's a tough act -- stuart: have i got it wrong? >> i'd love to come in with a joke to the match jimmy, but we had a massive rally. you can focus overseas if you like. we had a massive rally, and thousand the market's digesting. -- now the market's digesting. there could be reasons for it, but i think the rally's real. i think where we are right now the market needed to take a breath, it needs to kind of build a base here before making that next push higher. there's a lot of things you can point to, but what i'd really like to focus on is halfway
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through the year we've had a phenomenal rally to start the year, and a lot of companies are in a great position. the economy's in a good position. we have the fed that's going to be done for the back half of the year, so i think this rally can continue. just taking a breath right now. stuart: you're always in stockses, right? if you're always fully invested, can i say that? >> well, no. we continually add money to the market. we prefer to add when things are down like last year when we had a major pullback, but we'll be investing here at these levels. i think for people watching at home the best place to be investing for if them is broadly across the whole market in something like the s&p 500 is the best place for people at home. but being the time in the market is much better than trying to time the market. timing the market doesn't work. stuart: your going to stay with me -- you're going to the stay with me for the hour. let's move to lauren who's looking at the movers. i see a stock which has a.i. in its name, and it's down.
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lauren: c3ai is down 3-4% today. lawmakers have just introduced a bipartisan and bicameral bill to establish a commission on artificial intelligence. thankfully, ted lou is on commission because he's like the only congressman who knows how to code. [laughter] however, this is all talking. this doesn't do anything. it sets up this commission, 10 republicans, 10 democrats, and they have a year to put forward a report. but it simply shows that they're doing something, and regulation is coming. stuart: mike murphy, i would call that regular profit taking after a wonderful runup. >> for sure. there's a lot of talk about the artificial intelligence, stuart, and how the government needs to regulate it. people no short of elon musk feel like it's getting too far ahead of us. but, you know, this country's built on innovation and technology, innovation is technology -- something that we've dealt with and we're going to continue to. from my experience, when the government gets involved, when you have people who don't really understand other businesses getting involved and trying to
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control those businesses, what they can and can't do, it typically doesn't end well. so i'm, i believe more in free markets -- stuart: don't we all. let's get back to the china economic slowdown. lauren: yep. stuart: a related story here. j jd.com, huge loser today. china that slowing down? lauren: look at that, the biggest losers on the s&p 500. also that executive shake-up at alibaba is ima pacting them. i told you earlier i don't think the alibaba shake-up means that much, but nonetheless with an overall backdrop the of chinese customers maybe spending less, look at these losses today. stuart: yeah, significant. all right. nike, rarely on the most active list, they're downed the 3%. lauren: yep. morgan stanley says they have inventory challenges and they can hurt their 2024 the guidance. stuart: okay. that's the market. plenty of red ink, the dow's down 300. rescuers continue to search for the missing tourist submarine.
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we'll tell you what experts believe could have happened. on the campaign trail, ron desantis cracks up a nevada bar crowd. we'll tell you what he said, that's coming up. and doctors are seeing a spike in emergency room visits from ozempic visits. -- dr. siegel after this. ♪ you didn't have to cut me off, make it out like it never happened and that we were nothing. ♪ i can't even need your love are, but you treat me like a stranger, and i peel so low ♪ helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. they're where we put down roots, and where together, we work to help move everyone's financial goals forward.
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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 from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: ozempic is the hottest new prescription drug being pushed as a quick e fix for bought loss, but some people are experiencing side effects that are quite serious and landing them in the emergency room.
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look who's here to deal with this, dr. marc siegel. all right, what are the side effects? >> nausea, vomiting, diss -- dizziness, gallstones, pancreatic problems -- stuart: is that a kidney stone? a galstone? >> it's the same idea, it's calcium in the gal blared, but it gives you acute abdominal pain, diarrhea, all of the g.i. symptoms we're seeing, and we don't know what the long-term side effects are of suppressing hunger in the brain. there's issues of anxiety, we're seeing anxiety are from to semipick -- stuart: how common are these side effects? >> very is. but people know right away. they occur in the first few day, and you stop it. stuart: okay. >> there's no free lunch. and it's being overprescribed. there's plenty of people getting it that don't need it, so i always go for lifestyle changes first, are you exercising, are you improving your diet -- stuart: but it does work. >> yes.
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stuart: if you start taking it, you're going to lose 30 pounds a month and? >> not 30 pounds a month, 30-40 pounds a year. stuart: guaranteed? >> no, i have no guarantee. stuart: to you try all these diets -- >> let me put it this way, here's the headline: of all the weight loss agents that i have speech over the past 20 the or 30 years, these are the best. stuart: that's the money statement. well done, doctor. next case. a research team in hong kong is using artificial intelligence to predict an individual's risk of developing alzheimer's before the symptoms occur. that seems like a breakthrough to me. would you trust it? >> well, first of all, we do a lot of alzheimer's segments on this show, i think 76 this year alone. [laughter] but the question is if or you -- for you, would you trust it? you don't have a cobweb, not a sign, but how about if if a computer say that is? now, it's based on genetic
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profiling, who's at risk, what's the family history and a huge databank. there was a study in hong kong, and it showed about a 70-80 percent effectiveness before developing symptoms. but, stuart, we're going to end up with a blood test anyway, so we're going to be able to look at the blood test -- stuart: that is the definitive test? >> it will be. in the meantime, i'm all for artificial intelligence as helping me, as a tool for me but not as a diagnostic definition. give it to me, let me hear what it says and then i'll add advise you are. i'm already advising you. no chance. stuart: thanks very much, indeed. [laughter] we're running through some very serious subjects. >> yes. stuart: i've got another one for you. young adult, and i think you know this, have nearly doubled their consumption of psychedelic mushrooms in the past three years. what's your comment? >> first of all, our head of psychiatry at nyu talked to he about this morning because we're studying mushroom, and it looks like it may have a therapeutic
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impact. people with alcohol addictions, people with dictions in -- addictions in general, severe depression. here's the key, has to be prescribed by someone who's an absolute expert in this area, and we're still studying it. it's still in clinical trials. you bring it out to the community and you give it to people even if they're micro cosing, some mother giving it to their even as micro dosing, you don't know what their underlying mental health issues are. you could trigger a psychosis with this. talk about emergency rooms, people going to the emergency rooms with severe anxiety from mushrooms. very bad idea to be using this recreationally. stuart: but you can go to a medical professional, take a controlled dose in a controlled situation to do something to your brain, you can do that, right? >> we will be there. we're not there yet. still being studied. that's something that will be in the future. it's going to be a treatment for severe depression or post-traumatic stress when you get the person off the that mindset. we're heading there.
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if the medical community isn't ready to prescribe this with a top psychiatrist, what the heck is somebody taking it for, you know, in the middle of colorado somewhere? stuart: true. is it similar to to the lsd? >> yes. it's not same thing as lzsd. listen, we're seeing 8% of adults taking this now. it's doubled -- stuart: wait, wait, wait. 8? of all the adults in the united states -- >> that were surveyed, have taken this or lsd, doubling over the past year -- stuart: when, in 1960? >> no. so in the 1970s and '80s, listen, 1970s or '80s, 70% of high school senior temperatures had tried it. we thought we were out of that. now young cults, we're back up -- adults, we're back up to 8. we're heading in the wrong direction. we're heading back to the '70s. we're going to be hippies soon, stuart. this is terrible! [laughter] i'm real serious, i'm really serious about this. stuart: okay. >> this is a very, very bad thing. physicians have to be in the
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loop, are to be top psychiatrist, have to know what they're doing. stuart: we can do a lot more when you're in the studio when i can talk to you face to face. >> it's scary. i like it too. stuart: you can take my blood pressure when we're done with this. thanks, doctor. >> great to see you. stuart: a new poll reveals the number of teen it is who are depressed has doubled. ashley webster, i have to believe that social media has something to do with this. >> reporter: you know, you're absolutely right stu. since the rise of social media, those feelings of depression, of hopelessness have skyrocketed among teens. nearly half of teens say they agree with phrases like i can't do anything right, i do not enjoy life, and my life is not useful. that's roughly twice as many as did just a decade ago. psychologists say number one cause, yes, is social media and screen time. research shows teens can spend up to nine hours a day glued to their screens, and is half of those surveys say they're online
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basically constantly. another survey shows that teenagerses are spending less time with friends face to face even after the pandemic. adolescents now spend more time connecting on social media platforms, of course, like instagram and tiktok, ask one survey vealed that 21% of teens reported feeling lonely most or all of the time. not good at all. stuart: no, it's not. mike murphy still with us. do you wish to make any comment on the? >> i do. you know, so phones aren't going away. and the idea that parents should limit screen time with younger kids, for sure, but social media and phones and phone use in teens and young adults isn't going to get less. this is here to stay. so i really think that people talk, like if you notice doc siegel, he mentioned so many different things that are causing anxiety. ozempic, mushrooms. i think in our society today the there's a big push for people claiming to have anxiety the or people having a hard time dealing with things.
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and i think more starting from the home or starting with parents raising children, i think kids need to be taught tough lessons or kids immediate to realize that life -- need to realize that life is tough sometimes. the idea that we don't have have new reasons for anxiety. i mean, before social media when i was a kid, my parents used to say the tv's going to the ruin your life. now it's social media. there's us always going to be something, but kids need to the realize life is about dealing with ups and downs and, hope any, that message will get across. stuart: good stuff, mike, thank you. we know loneliness is bad for a man's mental health. got it. ashley, come back in again, please. what else can it hurt? >> reporter: yep. may be bad for your bones as well. well, at least it was in mice. they must have tiny bones. scientists found that isolating mice caused significant reductions in bone quality including reduced bone mineral density. but, again, only in the male mice, not the females.
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researchers say, of course, more studies are needed to understand how these findings translate to human populations, but what scientists do mow is that that social isolation is a potent form of stress is, and it's becoming a growing public health concern, and it's associated with an increased risk for many health conditions including mental disorders as well as over all high era rates of illness, loneliness. stuart: you know, when i asked you what else gets hurt by social isolation, i was expecting something other than your bones. [laughter] >> i know, right? and mice. if that's got to be a really big microscope to look at bones of mice, but there you go. stuart: you're a diplomat, you really are. just get out of there. nicely done. [laughter] let's segway to the markets. you can't go wrong there, especially when they're down like this. off 314 points, 100 down on the nasdaq, 34 off on the is s&p. a lot of feeling this morning. -- selling this morning.
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president biden's in san francisco, but you won't see him anywhere near the homeless encampments taking over the city. hunter biden, no jail time. is this a sweetheart deal? i'll ask former acting attorney general matthew whitaker. he's next. ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪
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♪ stuart: at a i'm when the stock market is selling off, we turn to mike murphy to tell us what stocks are going to go up in the future. here we go. first off, charles schwab. what do you like about it? >> so as the banks have recovered past the silicon valley bank meltdown disaster from back in february, schwab really hasn't rallied too much. it came down from the mid 80s down to the high 40s. now it's been sitting low to mid 50s. their business is still strong, it will continue to be strong. they're getting a lot of assets coming into the bank, so i expect their earnings to look look a lot better. this is one i think over time will do well. stuart: $60 # a share soon? 53 now. >> very. stuart: very what? >> soon. 60's easy. stuart: fedex is going to report after the bell this afternoon, why do you like ups
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now? >> similar story, ups sold off in a big way from almost $200 a share, came down to the 170 #. but i think a lot of the concern around both fedex and ups is this impending recession and this major slowdown that's definitely coming to hit our economy. that may not come. i'm not so sure that it's going to the come. but i do believe that people are going to be ordering packages from ups and and fedex for the pore seeable future. i think it's -- foreseeable future. i think there's upside on ups. stuart: 14 times earnings is not expensive by any means. >> a lot of times we talk about the big tech stocks and they're rich on any kind of metric you put on them. stuart: sofi, that's a financial technology company, i believe, and they're down 2.7%, and you like 'em? >> yeah. so sofy's had a big -- sofi's had a big rally -- >> well, everything wells --
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else we've talked about is at all-time highs. sofi, i think from what it is right now, the stock's rallied from about $4 a share to $8 a share, but there was a moratorium on student loan repayment which is being lifted. so a lot of their business is student loan, and they'll be getting a lot more people coming to the their platform now. and this is really a wealth management business. this is like the charles schwab for the younger generation. so i think there's a lot more upside for sofi as they get momentum, as people start using their platform. there's a lot more levers for them to pull to generate fees. stuart: mike, thank you very much is, indeed. let's get back to politics. hunter biden has agreed to plead guilty to not paying taxes in 2017 and 2018. he'll somewhere into a probatioa probation agreement, no jail time. former acting attorney general matthew whitaker joins us now. sir, donald trump calls this a sweetheart deal for hunter and
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his father. is he right? is it a sweetheart deal? >> yeah. it's good to be with you, stuart. yes, it's absolutely a sweetheart deal. i was a u.s. attorney for five and a half years, and, first of all, i can tell you that we were always told to seek the highest, most readily provable offense, always felonies. to charge anybody with a misdemeanor is kind of a waste of government resources. but the most important thing is i can't tell you how many assistant u.s. attorneys and u.s. attorneys' offices have laughed people out of the office when they ask for a with diversion on a gun charge, you know? this is extraordinary. you know, he was facing years in federal prison, and somehow they cut him a keel that is such a sweetheart deal, it really -- it calls into question a lot of the federal cases we've cone. and, remember, we have so many african-americans that are sitting in federal prison right now that did exactly what hunter biden did, but he's, because these the president's son, he
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gets a sweetheart deal and gets off with no time. stuart: so what's next? i mean, basically, the gun and tax charges, it's over? he's kind of home free? >> well, so -- yeah. my understanding, again based on reporting to date, is that the rest of the investigation dose away. the foreign agent registration act violations that were potentially there, any further, you know, money laundering and and other crimes. and so it seems like it's all bundled up and goes away. it's an extraordinary resolution for this. what happens next though is the judge is going to have a voice in this. the judge has to approve this plea deal. and, again, it is so out of the mainstream, i think you're going to see future confidents ask for the hunter biden -- defendants ask for the hunter biden deal. it's such a sweetheart deal that i can't believe main justice and the u.s. attorney's office agreed to this, stuart. it's outrageous. stuart: the underlying story to the trump indictment and all
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this stuff surrounding president biden at his fam -- and his family, the underlying story for someone like myself is that it's unequal justice, that the scales of justice are tipped many in favor of democrats or in paver of president biden. do you -- favor of president biden. >> to me, the headline is it's good to be king, and this is what we're seeing out of the biden justice department. they're doing the dirty work of the white house. they're giving hunter biden a deal that no other citizen of this country could ever get, and yet they're targeting and heir going to continue to antagonize and prosecute donald trump until they get him off the political map. stuart: another gop candidate is vivek ramaswamy. he's come out this morning and says this treatment of hunter biden is a joke, his word, a joke. it seems like the condemnation of the deal is really quite extreme. that surprises me to some degree, how about you? >> yeah, i just don't think they care. i think the whole goal was to keep hunter out of prison. they have put a square peg in a
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round hole. if you talk to any attorneys around this country, you're going to find out, they're going to say we would have never done this deal, we would have never been permitted to do this deal, you know, by the people that watch us this washington d.c. it's -- can stuart, this is an outrageous miscarriage of justice under these facts and circumstances. stuart: matthew whitaker, former acting attorney general, we've got to leave it right there. thank you very much for jumping in on this, short notice. >> good to be with you, thank you,. stuart: you got it. anheuser bush's global chief marketing officer called the dylan mulvaney controversy a wake-up call for the entire industry. experts say the missing tourist submarine has less than 70 hours before it runs out of air. that means it could run out by thursday morning. the latest after this. ♪ ♪
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stuart: let's say there's been some profit taking on wall street after a big runup recently. let's also say hat slowing china economy is hurting the market odd to, because with we have some selling. dow's off 300, nasdaq's off 80, s&p down 30. and now this. rescuers searching for the tourist submarine that's gone missing while exploring the titanic shipwreck in the atlantic. it's about 90 miles from cape cod, massachusetts. molly line is there on cape cod. that submarine has less than 70 hours before it runs out of air. that means it could run out by, what, thursday morning, right? >> reporter: yeah. let's talk a little bit about the map, because the company involved here, oceangate, the creator of the submarine that launched the submarine, claims on their web site hat titan, which is the a name of the rest el, has 96 hours of life support
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for five people. we know there are five people onboard. we also know because of a tweet from action aviation who claims that their chairman is among those onboard, the chairman, that the mission got underway at 4 a.m. on sunday. so the timeline for life support to run out if we go with what's provided by the company itself would be in the morning on thursday. but the coast guard mentioned during their press conference yesterday afternoon at around 5:00 in the afternoon that they estimated 70-96 hours potentially left. so perhaps a little bit of a grace period beyond that 96 specific hours that would put thing, the life support ending on thursday morning. getting a little bit more into this, there are some amazing adventurerrers onboard this vessel. a u.k. billionaire, an aviator, a big adventure adventurer, an award-winning pilot. the company tweeting several pictures from sunday, one showing harding as he sets out
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to sea just prior to deor parture, also several photos of the sub itself, the workers, seemingly as the titan makes a successful launch. they say they're currently diving. harding is also the chair of the middle east explores' club dedicated to the advancing field exploration, and per his company he has also been to space on jeff bezos' rocket. french mariner, one of the leading experts on the titanic, also to be among those five people who went missing, he was named in a facebook post by, of course, the fellow voyager, harding, just a day before the mission. and overnight if a conglomerate in pakistan focused on energy and agriculture, they tweeted that their company's vice chairman along with his son, quote, embarked on a journey to visit the remnants of the titanic in the atlantic ocean. all that we know so far is the contact was lost with their submersible craft, there is
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limited information available beyond this, and we humbly request that speculation is avoided. oceangate charges $250,000 to get aboard as a mission if specialist. much of searching today being conduct from the sky. and an update from the coast guard reporting that the visibility in that search area is actually -- has increased today. they're keeping a close eye on things, they're moving swiftly more assets to that area. they had quite a few already, a lot of air assets and also some underwater sonar capability involved. a canadian aircraft p-3 aurora has joined the scene, and there's some research vessel, the polar prince and keep energy continuing surface searches. estimated right now, the coast guard, the total search area completed as of this morning, 10,000 square miles. an incredibly remote area. we have awaiting a 1 p.m. press conference. we are here in boston awaiting that press conference where the coast guard is expected to give us an update. stuart? stuart: all right. molly line, thank you very much.
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now this, a good samaritan trucker praised for for his skills after tackling a suspect who was fleeing authorities. yeah, it sounds interesting, looks good. take me are through it, ashley. [laughter] ashley: i think it is. history big rig driver apparently was taking a break from the road in a florida parking lot in martin county down near juneer. jupiter. suspect ran by him, he was being chased by sheriff's deputies, you can kind of make it out prosecute video that the trucker took matters into his own hands, tackled the suspect, pinned him to the ground. the sheriff's department posted a thanks to the unknown good samaritan on facebook saying, quote, the mystery trucker with skills of a linebacker -- hilarious -- in the heart of a truck stop stepped many in and created the wall that people joke about hitting when they have a bad headache. [laughter] the suspect, 19-year-old robert clark, by the way, arrested facing several charges include aring resisting arrest or resisting a trucker.
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you name it. good stuff. stuart: yes, good stuff, indeed. thanks, ash. san francisco on the verge of collapse, i've said this many times. that's my belief about the formerly beautiful city. president biden visited just to pick up some money and leave. jason jason rantz on that next. ♪ ♪ 'cuz, baby, you're gonna be the one that saves me ♪
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♪ ♪ stuart: anheuser-busch may finally be admitted the dylan mulvaney fiat quo was a mistake. tell me more, ashley. ashley: you know what? global chief marketing officer for anheuser-busch inbev, the make per of bud light, does admit the promotion was a mistake. if speaking at an industry vent many france, he said the company learned a valuable lesson saying this, quote: companies and brands must be driven by their values. we are a beer company. beer is for everyone. in times like this when things get divisive and controversial so easily, i think it's an important wake-up call to all of us marketers, first of all, to be very humble.
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bud light is coming back. it's going all around the country reconnecting with consumers, moving forward. okay. but the backlash goes on. even in the presidential race, listen to florida governor ron desantis when he hopped be450eu7bd a bar in nevada last week. >> just so you know, i'll serve you any beer except bud light. [laughter] ashley: there you go. lots of cheers. just so you know, i'll serve you anything but bud light. in other words, it could be a while before bud light gets it reputation back. stuart: it could be a while. thank, ash. let's bring in mike murphy. i'm surprised at how long this boycott has lastedded. shows no sign of ending. >> shows no sign, but you know what? i think they've really hit home here. this hit a point with a lot of people who are fed up where our country has gone. this was something they saw as an infringement on something that mattered to them, and they -- i don't see it ending anytime soon.
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a lot of people who i know won't go back to bud light, and they're finding a lot of other options out there. i think it is a wake-up call for the company. i don't know how they handle it going forward, but, you know -- stuart: tough one. >> it's very tough. stuart: they've got a certain mark on them these days. >> for sure. stuart: thanks, man. seattle pride sticking with its anti-police policy. the organization will not allow lgbtq officers to march in uniform during the parade. jason ramghts joins me now. does this amount to an anti-couple policy, do you think? -- anti-cop policy? >> it's anti9-cop. they're unapologetically anti-cop in large part because this is driven by ideology. the has nothing to do being gay or lesbian, everything to do being progressive and very far to the left are. they'll argue and they've put out statements in the past that effectively say the queer community has a long history of distrust with law enforcement which is not true.
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the criminalization of lgbt people is taking place which is also not true. there's a long history, long ago certainly, but that's not happening today. and this idea that all of a sudden cops are the threat when you're proposing that we live harmoniously, that we are toll atlanta of -- tolerant of each other, it just sends the wrong message. stuart: you're right on that one. jason, another one for you. san francisco close to collapse. that's my personal opinion. biden is there today, but he won't go anywhere near the homeless encampments. when he was in new york, he didn't address the migrants, he's avoiding democrat-made crises, just extracting the money. i mean, he's going for fundraisers. that's what he's there forked today. a how concern for today. how's that going up and down west coast? >> i have to imagine -- and this is kind of a west coast thing because here in seattle we experience the same issue where someone will come in running for president, either the incumbent
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or candidate, doesn't actually go to the center of the city, but will go to the outsecurities where -- outskirts. in this case going to the palo alto instead of san francisco. -- san francisco. i think you're 100% correct. san francisco is dying. it's on life support. we are seeing it die this realtime because of a lack of attention to the crises on the ground, homelessness, drug use, crimes. all of these issues are created by policy that joe biden and the democrat party are responsible for. and so, of course, he doesn't want to go down there. and the photograph next to a whole bunch of encampments, he's not going to go down to the westfield mall to to visit his favorite store because they're all closeed. [laughter] stuart: okay. jason ramghts sort out the west coast for us as usual. see you again soon. it's 1 # 1:55. do you know what that means? yes, the tuesday trivia question. another good one. who was president at the
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outbreak of world war i? calvin coolidge, woodrow wilson, william taft, herbert hoover. i know this one. i guarantee i've got this right. the correct answer, my answer, after this. ♪ providing for your family is a top priority. but what happens when you need affordable health care? christian health care ministries could save you up to 40% today. as a member, you can choose your provider without network restrictions. sign up at your convenience with our anytime enrollment. join a christian community that supports each other's medical expenses, offering peace of mind as you prioritize what's most important. enroll now at your chm dot org
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can. stuart: all right. who was the president of the united states at the outbreak of world war i? there is your choice. calvin coolidge, woodrow wilson,
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william taft, herbert who have veer. ashley, you're first. >> i think it is one or two. i go with number two. stuart: ashley wilson. >> i go with wilson also with assist to my friend stuart varney. woodrow wilson,. stuart: i'm categorically certain it is woodrow wilson. thank goodness. when you go out on a limb say i definitely know the answer to this. you better get it right. we have a studio full of interns watching me fall flat on my face. fortunately i got it right, kids. thanks for joining us through the hour, especially you, mike murphy. ashley, see you tomorrow. that's it for "varney & company." stay right there please because "coast to coast" starts now. ♪ neil: all right. all eyes on

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