tv Varney Company FOX Business June 22, 2023 10:00am-11:00am EDT
10:00 am
don't wait. get started today. take charge of your health care. call unitedhealthcare for your free decision guide and learn more about lowering your out-of-pocket medicare costs and seeing any doctor who accepts medicare patients. oh, and happy birthday... or retirement... in advance. gold is an investment that delivers returns and protects wealth. with millions of ounces discovered and growing, your investment possibilities with nighthawk are endless. think beyond.
10:01 am
stuart: good morning. it is 10:00 eastern and that the empire state building, that is new york and it is raining, going to rain all day. straight to the money, down the street on the downside, not a huge loss, we are down 26, the nasdaq turned around, we were down, now we are up 32 points, a transition going on in the market the last couple minutes. the 10 year treasury yield was moving up, still moving up, 376 is your level now and the price of oil $70 a barrel give or take a couple cents, bitcoin is where the action has been. looking at a $30,230 per coin. it on a surge at the moment, the possibility of a bitcoin or crypto etf putting some backbone into the market. we just received the latest
10:02 am
read on existing home sales. this is an important number for realtors. lauren: surprising increase to 4.3 million units sold on seasonally adjusted annual basis, increase of 0.2%. if you look at the supply unsold homes on the market, that increased, now at three months instead of 2. 9 months. final price comedian price, $396,100, that went up from april but is down 3%. 396,000. stuart: down slightly from a year ago, 4.3 million homes sold, not bad. brian: you see the inventory number and the home sales number go up a little bit, you set it down from a previous month. bottom line, the market is still very very tight. mortgage rates have backed off a little bit but sound like
10:03 am
they are going to go up because powell wants more. this is why people are behind that. stuart: we cut through some cold water. lauren: the swiss, uk norway increased interest rates. stuart: now this. alejandra mayorkas is the homeland security chief, randi weingarten is president of the american federation of teachers, mayorkas just appointed weingarten to be the department's school safety board, this is how the elite entrench failing policies. mayorkas failed to protect our border, weingarten failed to educate our children but both are well connected. appointing a teachers union head to a school safety board is particularly galling in the name of safety that she kept the schools closed during the pandemic, in the name of safety very young children have to mask up, in the name of safety is that in vaccinated teachers were fired, no thought was
10:04 am
given to the mental safety of children, academic achievement plunged, math and reading scores showed the worst declined in decades. at the border mayorkas hardly kept us safe from fentanyl and our safety is in doubt when 10025 terror suspects across the border just since october. we need regime change, school choice and do unionization of public schools, we shouldn't put up with the degradation of our education system and we shouldn't put up with the mass migration of central america to north america or the flood of drugs. putting randi weingarten and mayorkas's school safety board compounds the failure at the border and the failure in our public schools. not good. second hour of varney just getting started. ♪ stuart: brian brumberg here. i'm out on a limb here.
10:05 am
i'm not? >> you are right on the money on this one. stuart: hard td unionize the schools. >> you know who's done a great job helping us, randi weingarten. the best advocacy for school choices country has ever seen because the results have been so dismal. there's nobody in america more destructive of student well-being than randi weingarten. the good news is parents see it and the school choice movement is moving like we haven't seen ever in this country. in the last year you get 5 states institute school choice. in the last two years, it's because they hate what she's doing. stuart: and because the performance of the public schools was absolutely dismal. math and reading, 13-year-olds lack of basic skills, standardized test scores, the lowest level in decades. brian: parents won't stand for that, they see it see it in your kids and say we want something else.
10:06 am
randi weingarten represents the status quo, keeping things the way they are. parents don't want that. lauren: my kids go to public school they are changing the curriculum. telling the kids do better. teachers know it. stuart: randi weingarten has no place on the school safety board. brian: that is where she gets money for her union members, money and political clout, that is why mayorkas is running his operation, his politics -- stuart: we won't get regime change, you know what i'm talking about, we need to change at the top in terms of policy, at the border and especially in education. brian: it will happen at the state level, you have states in america that get it, governors that get it and are pushing for the bottom up. charter schools this past week versus public schools, that data speaks volumes. that's how we are going to get to a better place.
10:07 am
thank you for showing us how bad it would get. stuart: you are all right. now this. senator joe manchin was asked if he plans on throwing his hat in the ring for president. what did he say? lauren: he's on the fence, democrats say joe, don't think of it, here is what he told fox news. >> there' s been a lot of talk about the possibility of you running for president. what do you make of that? >> bottom line is everyone is trying to find a sense in the middle, the democrat and republican party have gone to extremes. if we can have a movement that brings people back, showing there's a tremendous support for the centrist middleware you make common sense decisions the country can be more comfortable than they are now, that is all. just a movement. >> there are rumors he would team up with no labels group to launch a no party presidential campaign.
10:08 am
it has not happened but he has not committed to running for reelection for his senate seat in west virginia. he has already faced two republican challengers who are polling pretty well including the governor. democrats fear manchin is the only democrat that can keep that seat and also fear if he runs for president he takes votes from president biden. they say stay where you are. stuart: if there is a third-party run headed by manchin are no labels, don't care who heads it, that takes votes from the democrats. it hurts biden. we have agreement around the table. what's going on here. thank you, ladies and gentlemen. look at the markets now please, not that much red ink, the dow is down 20 points but nasdaq on the upside. we need gary kltbaum. is he there? took a while but we got you.
10:09 am
does the run up we've seen an artificial intelligence and the stocks that represent artificial intelligence have legs? >> there's going to be pretenders and some real world stuff. nvidia announced $4 billion ahead of estimates which is gargantuan. microsoft saying by 2027, $100 billion new sales. adobe is involved, be very careful about anybody mentioning artificial intelligence to boost their stocks so look at the fundamentals, the earnings and sales growth. if they are not there i would go elsewhere. stuart: that's what we want to see. we 've had a i hit the market, lots of stocks spike, we come to the realization they've got to perform, we are waiting to hear that performance, that's where we are now. we've got to have a i companies
10:10 am
show us they are making money and how they are doing it, that's where we are. >> when all is said and done it is always going to be in the end about earnings and sales, the stronger the better, the longer the better, i'm a big believer in who is saying what. microsoft is not into shouting from the rooftops things like could add one hundred billion dollars in sales so they are company i would trust. if we get more of that from other companies that have meat, when i say meet, they make a lot of money, sales are growing, that would be terrific. my biggest position right now is nvidia and it has not let me down. if they can keep accelerating their numbers i suspect it has a lot more room to grow even though a lot of people talk about valuations in the trees and that's okay with me if they grow fast enough. stuart: microsoft and nvidia. good stuff. thank you very much for joining us, glad we got you here, see
10:11 am
you soon. looking at the movers, i see boeing moving and i would like to know why. let me show you on the screen. why? lauren: spirit aerosystems a supplier for boeing. they suspended operations at their wichita kansas factory because union workers voted to strike. stuart: action in washington dc, the prime minister of india just arrived at the white house and you've got video this thing. there will be a state dinner tonight, banquet is a better word for it. american business leaders, especially high-tech, they will be there. the ceo of google, the ceo of microsoft, coo of apple will be there. india wants american big tech, american big tech wants india, we all want to decouple from china, that is where we are i think. >> there should be a news conference between the president and prime minister.
10:12 am
stuart: just to have an hour? lauren: is at 10:45. 12:45. stuart: they will be late. i am dying to hear questions asked by the reporters. vermont senator bernie sanders is launching an investigation into amazon. lauren: worker safety. senator sanders says amazon puts profits over safety but he calls warehouse conditions amazon factories dangerous and illegal and he puts numbers on it, if you look at the rate of serious injuries at the warehouses, 8. 6 per one hundred workers. amazon, what are you doing about it? let us know by july 5th, amazon says they disagree with these accusations. stuart: of these days we will have a photograph of bernie
10:13 am
sanders smiling. it' s a distinct possibility. lauren: ai would say that. remember the story yesterday? what -- right minded people are prettier and smile more. stuart: something on my prompter you have to explain. what is this about a cage match fight between elon musk and mark zuckerberg. stuart: meta is working on a twitter competitor. they took this to social media and are both open for a cage match and it will be in vegas at what is called the octagon. elon musk at 51 or mark zuckerberg at 39, just the competition for jujitsu, he's been training with a personal trainer. stuart: this isn't serious, they are not going to get an iron cage and fight it out. lauren: elon musk has a move called the walrus. he lies on his opponent and that is how he wins.
10:14 am
brian: musk is going get to win. the coburg will bounce around the cage, musk is going to walk up and lay on him. stuart: there will be no fight in a cage or otherwise. no fight. i got to move on. the house floor erupted, chaos after congressman adam schiff was censured. watch this. >> the resolution adopted a without objection the motion is on the table. house will be in order. stuart: look at that. they are crying shame not at schiff but at the sensor itself. it is incredible, isn't it? more on this coming up. president biden called xi jinping a dictator. was this a strategic move to look tough after blinken said the us does not support taiwan's independence? florida commerce on mike walt's on that in a moment. india's prime and esther just
10:15 am
arrived at the white house, state dinner tonight, several ceos from american companies will be there wanting to make deals with new delhi. edward lawrence has more right after this. ♪ ♪ ♪ 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? ♪ ♪ ♪ shelves. shelves that know what taste buds want. shelves smart enough to see, sense, react, restock.
10:16 am
10:17 am
i've never had that problem. after starting golo and taking release, i immediately saw an improvement in my waistline. a lot of people expect to fall apart as they age, but since taking release, i've never felt better. thanks to golo, i'm 66 but i feel like i'm 36. (soft music) every day, more dog people are deciding it's time for a fresh approach to pet food. developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food.
10:18 am
we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch.
10:19 am
10:20 am
a high number of ceos who tried to crack open access to the 1.4 million people india has. the meeting will continue. you see him well coming live to the white house the prime minister, the ceo naps -- apple, microsoft, google, marriott, and more will be at the state dinner, finding a way to diversify from china, insuring an electoral property protection when operating in india. here's elon musk after his meeting with modhi earlier this week. >> confident tells will be in india and will do so as soon possible. >> reporter: president biden will talk with modhi about semiconductors, clearing the way for a 2. $7 billion testing and packaging plant from micron and jet engines in india expanding critical mineral supply chains allowing more student visas into the us for india. india will purchase more spy
10:21 am
drones as india, one of seven countries on a priority watch list by the government for failing to protect intellectual property. china, russia on the list, counterfeit items a big issue being made in india according to us trade representatives, some experts see this as an opportunity to turn india. >> in the cold war india was on the soviet side but we have the potential to build in fantastic anomic relationship ended antimilitary relationship and that hinges around the shared concern about china. >> reporter: in a few hours the news conference from both of these world leaders later this afternoon or this evening, modhi will talk to a joint meeting of congress. stuart: thank you very much. florida congressman mike walt's joins me. do you support india as a counter to china? >> i do and i'm not indian american in case you couldn't
10:22 am
tell, but the republican chair of the caucus, this is the most consequential relationship of the 21st century. economically, in technology, in space, militarily through the quad alliance, australia and japan, this is the world's largest democracy partnered with the world's oldest democracy. our values are aligned, our economy is becoming increasingly aligned and if we can get them off of old legacy soviet russian equipment and on western and american military equipment, that partnership will go further. it is really exciting. stuart: also about decoupling from china. india is the alternative to china. that's what this is all about. >> that goes both ways which i want things manufactured in the united states but the extent that we can't get our supply chains out of china and into america let's get them into india. by the way, he's also
10:23 am
addressing congress today and i want to give kevin mccarthy a shout out for extending that invitation. is one of only five foreign leaders in american history ever to address congress twice. this is just an absolutely crucial relationship from sarma to google ingredients to rare earth to clean energy down the line. this is an exciting partnership. there is over 200,000 us jobs with an average salary of $106,000 generated by indian technology companies. it's an income. partnership with a lot of upside. blue one to the china relationship. president biden calls china's xi xinping a dictator. i think biden wants to look tough after antony blinken told china we do not support taiwan's independence. do you think this tough stance worked?
10:24 am
>> it is amazing that when he is in public, on a phone call it is xi my a good friend, they go way back at decade, remember his promises to stop the cyberattacks and not militarize the south china sea, that is all water under the bridge, but in private in front of his political donors, he's mr. tough guy, calls it like he sees it and calling xi what he is, which is a dictator over an authoritarian state and the chinese people are suffering the most. stuart: it is good to see america have a friend when it comes to foreign policy. we got one. it is india. that's nothing new, is it? >> that's right. this is across-the-board, diplomatically, information space, militarily, economically, this is the relationship of the 21st century. stuart: i did not know you were the chair of the congressional india caucus.
10:25 am
glad to find that out. are you going to the state dinner tonight? >> we will have them at the joint address and i will be at a lunch with him tomorrow but when you pound on the administration like i do you don't get the choicest invitations all the time. i'm not on biden's christmas card list and not the state dinner list either. stuart: i knew it. great to see you again. see you again real soon. prime minister modhi will address a joint session of congress, but the squad not going to attend. lauren: they say he emboldens violence against other muslims and religious groups so it is aoc but also rashida tlaib and elon omar, who are muslim, global boycott, they cite a series of human rights abuses and crackdowns in india against protesters, those are the reasons for their boycott. they are right. that's happening in india. the larger issue, is this the
10:26 am
trade-off the united states needs to combat china? you need india as your buy-in on everything you are trying to do to distance yourself with xi and business with china. stuart: the squad ain't going to be. new jersey trying -- trying to lure seniors who live in florida to move to the garden state. we will tell you about new jersey's newest tax incentives. i really want to hear this. squatters and renters refusing to pay leaving landlord on the hook, jeff flock is at an apartment that was trashed by a tenant who would not pay. 's report is next. ♪ ♪
10:30 am
10:31 am
a%. lauren: the report lauren: the reports of their interest in grocery technology business out of the uk but also, this is news, the eu began the antitrust investigation, should last four months for amazon's deal to purchase i robot so it can get further into home appliances. stuart: you mean anheuser-busch? >> they got upgraded by deutsche bank to our purchase, listen to the reason. there has been a permanent reduction in but's us business meaning they are never getting those customers back because of their partnership with transgender influencer and it's time to move on. it's not going to get worse. it's not going to get better. that's other that other positives about the company but bud light sales, permanent reduction in us business. that's the quote from deutsche bank. stuart: inbound of is a giant
10:32 am
company, bud light takes a small portion of it. lauren: modelo took over the number one stop. it is up one. 5%. %. stuart: quickly on expedia, it's moving up. lauren: it is up 3% taking price target to $160. stuart: here's a story we have been nibbling at the edges of for some time. squatters and renters who refuse to pay leaving landlord's with huge legal bills and few options. jeff flock has more, tell us what happened at the home you visited. jeff: better to show you what happen. this has become an increasing problem across the country particularly here in philadelphia. the property manager, thomas, come this way and show stuart this. >> let thomas walk through this. this is a property that had been rented. >> we had a tent occupy this
10:33 am
property for a year and a half. >> reporter: how much rented they pay? >> two months worth of rent. the rest was money that we never saw. >> it was nicely painted in good when they moved in. >> correct. with parquet floors, tile. >> are torn up, the walls, i don't even know what was going on here. >> we don't either. this is how we found the place once the tenants were locked out. >> took you months to have the people removed. >> it did. this was actually on the faster side of things, it does take months. jeff: we don't have a ton of time but while i go upstairs, i think people are sympathetic to those who don't have a place to live.
10:34 am
it's important to show the entirety of this, people don't have a place to live, people are way behind in their rent these days, billions of dollars. >> that is correct. what i think people fail to see is in the attempt to see people who are facing homelessness which is an important issue, these costs of cleaning this up are passed on to the folks who pay the rent on time and that is how we lose the affordability in housing. jeff: i'm a little bit speechless. one last shot here. if you are a landlord these days, it is tough times. >> yes. given the delay in getting
10:35 am
possession of places like this, this is what can happen and this is going to cost the owner tens of thousands of dollars to rectify. jeff: in one place he had a sheriff's cane 2 or 3 times. they didn't make the people leave. certainly we are sympathetic to those who don't have a place to live. stuart: the landlord is always the bad guy, always. remember that. in the media the landlord is always always the villain. that's the way it is in the media these days. moving on. earlier today we've got some numbers for the real estate industry, existing home sales coming in at 4.3 million sales on an annual basis. mitch rochelle is our real estate guy. i call 4.3 million sales of existing homes a modest improvement. >> the fact that it turned around and is going up is an infection point. on top of that a few days ago
10:36 am
we had homebuilder sentiment which was up, housing starts were up. i set on this program housing market wasn't dead so this week, this month i sound like i know what i am talking about. stuart: you do. there are now 39% fewer homes on sale today than before the pandemic of a down 39%. the downtrend continues. >> that's not going to change. stuart: is that because people won't move out of a low mortgage house? >> if they bought in the last we 10 years they have a mortgage rate that's probably lower than it is. the people who are moving out have enough gain in their house, potentially paying cash and downsizing. other than that why replace a 3% mortgage with a 6% mortgage. if you are moving for work and have to relocate perhaps but other than that people just trading up, the increase in borrowing costs is going to eat up a lot of that.
10:37 am
stuart: just a huge reduction, 40% fewer homes per sale -- lauren: the average time in the month of may a home is on the market? >> 39 days. >> 18 days. of the one that is very low. lauren: properties remained on the market for 18 days in may. versus 22 april. >> this is what we were talking about when the market was overheating, the market was crazy. it's like that again. this is a story of supply and demand and we have low supply. one other nugget, during the covid era there were two times as many realtors working as there were homes for sale. that has changed a little bit when literally there's no inventory, a lot less realtors and the ones who left brokerage workforce where the last entrance, doing it because they felt it was like shooting fish in a barrel. you can't sell a house because no one wants to sell.
10:38 am
stuart: another number. foreclosures up 14% in last 12 months, 14%. >> reporter: some of it is tied to jeff flock's story. i'm not so concerned about it. you look at the headline and say the financial crisis was caused by the housing market. i'm not worried about it because the underwriting standards today are so much more stringent than they were a dozen years ago. people have equity in those homes and won't allow them to foreclose but a lot of these, we had all the forbearance when you didn't have to make payments, now you have to start making payments, kick the can down the road and they started realizing they couldn't afford that home anymore and that is where we see foreclosures. it's big business, people buying nonperforming loans, a big business. stuart: again. >> i may be in that business. stuart: we've been warned, thanks very much indeed. listens this one.
10:39 am
new jersey trying to lure senior citizens from florida to move to new jersey. what are they offering? lauren: coming property taxes and have, capping $6100 a year. this is for a new jersey residents 65 and older making less than $500,000 a year. call it what it is. desperately to keep your taxpayers and your taxpayers budgets and dollars from not leaving and going to the state of florida. this is not addressing policies new jersey and other states place. stuart: cut taxes. it is not that difficult. now this. would you eat a lab grown chicken? the usda gave the green light for two media producers to begin selling their man-made product, details on that. don't be surprised if you see a bunch of luxury cars outside
10:40 am
discount stores. high income earners flocking to places like dollar general to save money. madison alworth has that story next. ♪ ♪ ♪ my name is shannon knight, and i own little knights daycare. carolina sports incorporated. a paradise for parents. lomita feed, current caretaker and owner. we did not know anything about the employee retention credit. that is a legitimate tax credit. so innovation refunds has really helped guide me through the process. just had to get a few of my records together, submit that,
10:41 am
and they made it as painless as possible. i can't thank innovation refunds enough for what they did. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could really add up. even thousands of dollars a year. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare today and ask for your free decision guide. learn more about plan options and rates to fit your needs.
10:42 am
now if you like this... greater freedom... you'll love that medicare supplement plans have no networks and no referrals needed... see any doctor. any specialist. anywhere in the u.s. as long as they accept medicare patients. these types of plans also give you more flexibility when traveling in the u.s. your plan goes with you... anywhere you go in the country. even better, these are the only plans of their kind endorsed by aarp. call unitedhealthcare today for your free decision guide. so if you have this and want less out-of-pocket costs... and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan.
10:44 am
stuart: turnaround, sort of. the dow was down to start with, then went up, and out is down 100, the nasdaq was down to start with, then it went up 60. now it is up 12. the market is all over the place. new data shows attorneys, big-time attorneys are making more money than bankers. do we know how much more? lauren: the average wall street
10:45 am
attorney is making $3 million a year where the average banker is making one or 2 million a year. stuart: that is the average earnings of all lawyers on wall street, $3 million a year? next? lauren: did you think it would be higher or lower? stuart: there are hundreds of thousands of lawyers on wall street. lauren: they have to do all these deals and fight with regulators. the compensation structure has somewhat changed. they are like reagents, used to be the more seniority you have them i higher your pay, now it is based on number of deals and how good you are so they are being pushed. stuart: i think we both are. inflation, it hit even the very wealthy. even the very wealthy turn to discount stores. madison alworth is with us. she is at a discount grocery in new york speaking with the customers. of you seen any high end cars outside discount store?
10:46 am
>> reporter: there's a bmw parked out front. i think people turn towards discount stores when we started to see inflation really rise but here's the thing, that trend is sticking and didn't been growing. look at this when you look at those making one hundred thousand dollars. we've seen a 4% increase in those type of earners turn to stores like dollar stores and shopping there. this is a growing instance of things we are seeing. when we talk to customers they are saying it's two things, one, sticky inflation means sticking high prices. another big part of this, changing sentiment around bargain shopping. turning your nose down on that has disappeared. one shopper says she's very proud shopper but converted her friends and they shop here. >> i'm not among my friends is the person who knows the prices.
10:47 am
i do know my prices and they call me and they come here now as well. >> reporter: one of the reasons their prices are so low as 80% of their items are storebrand. that's why you see why you have the did bmws out front. stuart: we have an audio problem but we will try to fix it. how about this? lab grown chicken got the green light from the usda. when will we see it in the store? >> reporter: not anytime soon but you could see it at an upscale restaurant. perhaps my michelin chef in san francisco or are chef in dc is working on it. it's the production of meat using cell cultivated chicken. very extensive to produce. they literally can't mass-market it for the general public right now but they can do it in small quantities and sellers of the restaurants which is what the two comedies
10:48 am
involve are doing because they got the green light from the usda. stuart: it would be more successful, beyond meet went off in a flurry of activity. >> if you have talented chefs preparing it would taste good. but maybe at first, there' s buzz around it and when they mass-market it, you can buy it at a food store. i hear your point. stuart: here's what we have coming up on this program. don't forget to send in your friday feedback, you can e-mail questions, comments and critiques to varneyviewers@fox.com. new study shows 1/3 of jen z in favor of the government installing surveillance cameras inside their own homes. why would anyone want a government camera in their home. we will speak to a political science professor after this. ♪
10:49 am
10:50 am
10:51 am
when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block. hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network.
10:53 am
morning a mixed picture, the dow down 50, nasdaq up 32. cryptos, that's where the action has been. look at bitcoin, it is 29-seven now. moments ago it was 30,000 and up. there's been a rally in the cryptos, backing off a little right now. then there's this. a new study reveals 1/3 of jen z folks support government surveillance in the homes of private citizens. why would anyone be okay with a government camera in their house? >> it's due to a failed education system that hasn't educated students on the importance of american history and our rights and liberties. we see real-world examples, during the coronavirus pandemic young americans didn't question the lockdowns, mask and vaccine mandates, school closures and inhibited their learning and social growth. you see examples of that and
10:54 am
86% of students can't distant was between the american constitution and the russian constitution. it gets worse on the college campuses because you have free-speech zones that think they can relegate the first amendment to geographical boxes and then biased reporting systems. campus reform reporting heavily on biased reporting systems where students made frivolous complaints about opinions that they deem offensive. the press is saying this is an attack on our first amendment. stuart: young folks live on screens, live with cameras and some of them presumably want cameras for security reasons, do you think that's valid? >> if we look at the biased reporting systems, go to the pandemic, you have the governor of oregon talking about how residents should rat out of the residents violating covid rules, we saw the same in new york city. what you are seeing is an entire generation growing up thinking government is the be
10:55 am
all end all, government is something they should be obedient and compliant to where in american values we respect government but question government and governmental powers. they seem to think the younger generation that it is the answer to everything. stuart: it is traditional that older folks like myself look at the younger generation anarchical, every older generation is critical of the younger generation and this is no different. >> it's no different to a certain degree. however, if we bury our heads in the sand and ignore this we -- or well's 1984 comes closer to reality and we have to do two simple things, fix the education system, make history and civics separate courses come make the mandatory from ninth grade to 12th grade so they can pass a citizenship exam and at the college level we need to start looking at cutting funding. any university, any institution that is going to deny people their first amendment rights, violate our constitution, why should taxpayers fund something
10:56 am
like that. those two things can go a long way reversing this trend and bringing that 29% maybe down to 5%. stuart: i don't think we are going to have government cameras in private homes but we do have other cameras. >> i would say prior to 2020 i may agree with that but after seeing everything that took place during the pandemic i'm concerned there are so many people that blindly obey without asking questions. stuart: thank you for joining us. here's what is still at. john durham's testimony on russiaget. it will take time to rebuild confidence in the fbi. joe theismann will join us, talking about how the nfl is reinforcing its gambling policies. steve wilson will be here on desantis's latest campaign at attacking newsom over the
10:57 am
collapse of san francisco. congressman adam schiff censored by the house. he was a key driver of the russia hoax, surrounded by democrats shouting shame, not against him, against the center vote. trump hatred live and well in america, that's "my take" and it is next. ♪ so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. ♪ you got a minute? how about all weekend? let's go. ahora! i'm a miami hotel. i'm looking for someone who loves art deco elegance, good times, and unexpected flavors.
10:58 am
someone who likes it hot but knows how to keep their cool. a white-sand beach where you can see the sunrise? way better than whatever you were going to binge-watch this weekend. and you could be here in half the time. find me at hotels.com i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage.
49 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on