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tv   Varney Company  FOX Business  June 26, 2023 9:00am-10:00am EDT

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it's only the ugly would dare to suggest that a dog was anything other than an absolute delight sent from god. maria: i agree with you final thoughts here we have a market under pressure with some catalysts this week. your thoughts, gerry baker? >> it was a rough week last week after a run up of pretty good performance by the market and you have a lot on the show about people having a lot of doubts about the second half of the year. the fed interest rates feed through and the economy will slowdown and the employment market is not as strong as it is and it could be another rough week. maria: yes, liz, final word. >> earnings are not coming through, maria and at the end of the day the market is all about earnings which are falling short and will continue to. maria: yeah. and of course, we'll start to get those earnings in about two weeks, as we are awaiting the end of the quarter. liz, gerry, good to see you "varney" & company picks it up now. stuart: good morning, maria, good morning, everyone. in one weekend, russia has been transformed. it's a fluid, rapidly-moving situation. here is the latest.
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three hours ago, putin put out a rather strange statement saying that iran and qatar are still with him. he's not been seen in public for two days. there was a mutany launched on moscow and then turned around and headed to belarus. he's not been seen or heard from since saturday. the russian army is demoralized. secretary of state blinken says we've not yet seen "the last ac" all right, i was expecting a positive reaction on wall street to all of this but we haven't seen it yet. the threat of higher interest rates from the fed that's still keeping stock pretty much in check. dow is down maybe 20. nasdaq is up maybe 3. not much movement this monday morning. look at bitcoin. that is holding right around the $30,000 level to be precise it's $30, 300. little movement in interest rates. the two-year treasury still yields much more than the 10- year. the two-year coming in at 4.70 and as for the 10-year i've got it around 3.69 right now.
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also, on the show today, you've heard the president say it many times. the rich should pay their fair share of taxes. will he say that to his son hunter? who paid a tiny fraction in tax of his multi million dollar income? and the rapid fade of harry and meghan. the "wall street journal" tells the story of their podcast career. it seems they are surprised how much work you actually have to dot monday, june 26, 2023. "varney" & company is about to begin. ♪ welcome back, welcome back, welcome back ♪ lauren: welcome back. ashley: oh, my goodness, thank you, guys. stuart: i'm raising my hand over my mic. i want to talk.
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of course we're playing that for the one and only ashley webster whose back with us in new york city. welcome back. how long since you were here? ashley: three years. i've been in studio f for the last three years, as in florida. stuart: you got the sun tan from ashley: makeup. lauren: you're tan. he's tan. stuart: don't be such a stranger ashley: i know it's great to be back. stuart: the whole team together. ashley: first time i'm seeing sw anky digs. lauren: the two british accents are back. stuart: extraordinary events over the weekend in russia. the bottom line is of the mutany fail but ashley what happens now ashley: good question. i guess you called it a one-day mutany. the wagner military group stopped its march moscow abruptly sates after president broke a deal between the russian president putin and the rebels. under the deal, criminal charges
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with yevgeny prigozhin will be dropped and relocated to belarus wagner soldiers will be granted amnesty while those who stayed in their barracks will be offer ed a contract with the defense ministry. it all sounds good will happen and the question is how much has all of this weakened putin's position among the kremlin elites and the drawn out conflict with you drain. u.s. officials believe the internal turmoil will likely pull putin's attention away from ukraine which could give kyiv a advantage in the days ahead but do you know what? if i'm not going to believe a word and i'd be pardoned and running off somewhere to hide to be honest with you. stuart: better report it, the economist they recommend that prigozhin gets himself a food taster. he might need one. thanks, ash, good stuff. mike huckabee former governor of arkansas joins us.
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governor, could this turn out to be a win for ukraine? >> it could be. i guess i'm just skeptical of the whole thing. this was almost like trying to charge hell with a water pistol. there was no way they were going to topple vladimir putin, certainly it caught them off guard, most of russians forces were in ukraine fighting. it looked like it was going to be a bigger deal than it was in less than a day it's all over so was this a legitimate attempt to try to overflow putin or was it a false flag intended to kind of smoke out who and the russian forces would have lined up against the rebels? just so putin can find out whose on his side or not. i don't know. i mean, i think it's just really strange the whole thing, but i have offered asylum in my basement to those rebels if they need help and we'll feed them back eyed peas from the south for a while. stuart: let's get serious for a second. could this be considered a win for the administration? >> i don't really know how, because they weren't involved. they didn't engage themselves.
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they didn't come into broker a deal, so i don't know how this looks good for anyone other than vladimir putin. maybe the chinese look good, because they get their partner back with putin but it's just a weird situation and there's still a lot of unanswered questions so i'm not one that's saying boy, putin really had a big victory here. i don't know what he had. i just don't think we can figure that out quite yet. stuart: quick change of subject if i may. a new poll taken after his indictment shows trump's lead actually growing. he now leads ron desantis by almost 30 points and says this is by the democrats are going after him. watch this. roll tape. >> these incredible poll number s are one of the main reasons the marxist left is weaponizing the criminal justice system to try and stop us. if i wasn't running or if i was doing badly in the polls all of this investigation would stop immediately. >> [applause] >> and i did nothing wrong.
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it's under the presidential records act i did nothing wrong. stuart: okay, governor, are you surprised he got a bump after the indictment? >> not at all. no. i'm not. look, donald trump is like a wolverine. you shoot them in the head and he spits out the bullet. this is a guy that keeps staying on his feet no matter what's thrown at him and i think that the support that he has is so solid and that people recognize that he is the target of some of the most criminal and unjust actions on the part of the deep state. people are sick of it. every time something is thrown at him people recognize where it's coming from, and they just don't think it rises to the level of raiding his home, prosecuting him and indicting him while he's a candidate for presidency and i honestly think his poll numbers will keep going up. stuart: got it. governor thanks very much for being with us on a very important day. you covered it all we appreciate that thank you very much. look at the market, please. it's monday morning. where are we going in terms of
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stock prices? there's not that much movement when you look at this the dow is down about 18 points, that's nothing. nasdaq down four. that's not much movement. some red ink but not that much. jeff sica with us on a monday morning. i would have thought that putin 's problems on what went on in russia over the weekend would have been a plus for the market. why not? >> well, i mean, putin, it was clearly, it's clearly a distraction but what i think everybody is realizing today is that what transpired is confusing the heck out of everybody, because they're not really thinking, as much as blinken and the biden administration might want to take a bow that there's de stabilization in russia, it's premature to do that. there's no real indication that this is actually going to help ukraine where actually create a situation that could be worse, so the markets can't really embrace this as anything significant. stuart: i was thinking that look , putin's military just is not performing well.
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they are taking a terrible hit with this revolution. at the same time, ukrainian forces got new weapons and these guys have morale on their side. can't they push forward and win? >> well here is the problem. when you have a desperate putin and a desperate russia, with nuclear capabilities, as much as they're losing, they are in a position of desperation plus you have the chinese on the sideline that could intervene which creates a whole other scenario and as long as there's uncertainty this won't move the markets one way or another. stuart: we are famous for changing the subject dramatically just like that and that's exactly what we're going to do now. you're a movie producer. you have been. i want to talk how about harry and meghan. netflix says they have to produce content "of real interest" if they want the remaining 50 million bucks
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in their contract. what do you say to that? >> being on the set with two brits and being able to talk about this is a true treat for me, but what i will say is when you have netflix, one of the most woke companies in the world, telling these people essentially, you're too woke for people to care about. you know that these narcissistic have taken their fame to an extent that nobody cares, and let me just give you an example of some of the content they are trying to put out to get -- they've already gotten like 40 or $50 million for nothing and they are waiting for another 40, $$50 million. one of the things they want to do is netflix had this great show which i loved called emily in paris. their great idea is to take that show and make it with a man. that's as good of an idea as they can get , so when here
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you're put in a position to be paid $100 million to create content and the only thing you could do is take some half-witte d variation of a hit show and other documentaries i don't know where they are going so this is netflix way of sending them out to the street. stuart: so tell me, ashley. ashley: get him a glass of water or something. stuart: how do you feel about a guy from new jersey calling formerly royal folks -- ashley: look, he's absolutely right. i think we found out that, well, no, i think harry and meghan really are not very interesting. lauren: not even in hollywood. ashley: the fact they complain about lack of privacy while inviting all the cameras in, and it's like wait a minute this is ridiculous. lauren: reportedly meghan hand wrote taylor swift a letter to go on her podcast and i believe
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it went unanswered. a for effort. >> also when you create content you want to grab an audience and they did grab the audience with the original documentary but i think a lot of us have an admiration for the royal family, so from them not, nobody feels sorry for them and that's what they keep trying to do. stuart: jeff, a fine opening for a monday morning we appreciate it. thank you so much mr. sica. now this something really different again. a preacher in seattle was i'm going to say aggressively harassed. when he tried to read the bible during a pride parade. watch this. >> stuart: i'm terribly sorry but i say that kind of in your face brutal harassment is frankly disturbing and i really don't like seeing it. the governor of california gavin newsom tried to downplays the
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mass exodus from his state. watch this. >> you didn't talk about all of those red states that have opposite policies that you embrace, something clearly is not working right in those states. >> which states? >> mississippi. you've got louisiana, west virginia, that all had higher population loss. stuart: oh, did they? is that accurate? well we will question that one, believe me. ashley is dying to get into this one. since the beginning of the war in ukraine, xi-jinping has given putin his unwavering support. coming up we'll tell you about china's response to the rebellion in russia and whether he still supports his "dear friend."
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stuart: the wagner group lead a rebellion over the weekend in russia and they nearly made it to moscow and turned around. greg palkot joins us from kyiv. take us through the latest, please. reporter: folks are exhaling a bit today at their nerve-racking weekend watching tumultuous events next door in russia still trying to figure out what it all means. after that deal was struck the wagner mercenary group pulled out of locations that it seized in a southern russian city and closer to moscow, not confirmed exactly where they are now or in fact what their future is. their leader yevgeny was supposed to be sent to belarus
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and cleared of charges and for all we know he hasn't gotten there yet and russian officials today are saying he could face the music. one of the targets prigozihin' anger was seen in a video today supposedly touring a base in eastern ukraine but no verification of date or location and moscow also issued a new video russian president putin said to be addressing remotely a youth forum. moscow media today, stu, in fact has been incredibly critical knocking the governments handl ing of the crisis including some of those deals that were struck between the participants. while ukraine here, kyiv, trying to take advantage of things. some russian units had been shifted around, redeployed, deployed during the unrest and so some ukrainian in-roads have been made across that long front line especially in the east. officials here including one member of parliament we spoke with think any loss of pretige for the kremlin is good for ukraine. take a listen. >> how much damage was done to
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putin? >> he lost a lot of reputation within russia and definitely he lost a lot of reputation among countries and leaders. reporter: and stu, just out, we've seen a new video message from russia's prime minister and he says and i'm quoting here "a stable situation was maintained at all levels over the weekend" going on to say the president, the government acted firmly and could could coherently. a little bit of moscow spin. stuart: yeah, that's right. moscow spin. thank you very much indeed, greg congressman pat fallon joins me, republican from texas, on the arms services committee in the house of representatives. congressman, with the internal fighting inside russia in a country with 6,000 nuclear weapons, do we know where those weapons are and who controls them? >> stuart thanks for having me
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on. yes. you know, the number one thing and priority for the united states and really the international community is who has command control and custody of these nearly 6,000 nuclear weapons and it was a lot easier to track that when we had access due to the signing of the new salt treaty but putin suspended our access in 2022 but there doesn't seem to be an immediate threat that doesn't mean we're obviously still not highly concerned and the worst case scenario is a rogue military element that takes over much like the premise of the movie crimson tide. we don't want to see that but, you know, the other thing, stuart, that's a little bit concerns me is there was a report years ago that russia has lost control of accounting of 100 suitcase nuclear weapons. that's according to their former national security advisor so it's of grave concern. it always has been but right now
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, it seems to be stable. stuart: are you getting intelligence fed to you as a member of the arms services committee? are they telling you what's going on? because we hear that our intelligence services knew that something was going on with prig ozhin on thursday of last week. >> we didn't have advanced knowledge. i found out in realtime like everyone else but we have been apprized of the situation since because of the sensitivity of it and i do think putin internationally has been severe ly weakened but internally if he's been weakened that's a question that's really still up for debate, because they control the media, and they can spin and they've told the russian people some absolutely insane things in the past and they tend to, you know, swallow it to some degree because there's no counter balance to it. stuart: again i'm going to change the subject. senator ted cruz wants the house to consider impeaching president biden over the hunter allegation
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s. my question is do people really want another impeachment? >> no, you know, it's always, what we don't want is when we have divided government like we do now and we had under president trump. we don't want the minority party or the party i should say in control of the house to always impeach the president. that is not good for the country having said that, we need to follow the evidence, and that's what chairman comer and chairman jordan have done and the judiciary of the oversight committees, and quite frankly, what we're finding, stuart, is incredibly troubling. it's particularly this what's app revelation now which is, to me, seems like direct evidence that at least hunter biden should be held to account and possibly his father, because also, having read the 1023, that confirmed everything as well. stuart: that's what my father sitting next to me, pay up or else. my father sitting next to me. congressman thanks very much for being with us today.
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we appreciate it thank you very much. back to the rebellion in russia, it's not going away. we know that xi-jinping has supported putin in the past. what is china saying now? lauren: they still support putin and russia in maintaining their national stability and they call this mutany russia's internal affairs. my opinion what happened this weekend sends the message to xi that putin's role is unstable and not supporting him might be bad for business. stuart: oh, okay. let's move on. i'm not changing the subject. lauren: you didn't ask me how i felt but i let you know. stuart: moving on to our other subject of the day which is the market ain't doing much at all. dow is down 12, s&p down 1, nasdaq up 6. not much movement. we'll be back. ♪
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for example, just to name two companies i'm interested in and owned have underperformed the s&p 500. i think security is a global concern and yes i'm keen to go after those shares this week. stuart: okay, what's the big concern? what is the dark cloud that hovers over the market as far as you're concerned right now? >> well i think there's two. nobody knows what the fed is going to do next, but factoring into that is this global unrest because we're seeing putin admittedly say oh, i'm weak, this is terrible. that's all positioning and there's a very realistic possibility that's a false flag operation which russia is known for so to me it's a game of short and distraction theory, bait and switch, whatever term you want to put on it. stuart: so it's not going to plus or minus for the market until we find out what's going on is that basically it? >> yes, and that's why we're seeing no definitive move right out of the gate this morning, stuart because traders are trying to assess this longer term the path of least resistance is far higher so
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investors concentrate on the best companies we talk about frequently but short-term this weighs on it. stuart: should i buy or sell anything today? >> you know, i tell you what. that's an interesting series of question. i would not because today is the day where you take a deep breath. this is where you assess what's happening. there's no need to force anything and investment or trade, stewart. stuart: okay, as you were speaking the market took sort of an inching down but i don't blame you, keith. i would never blame you for that it's not your fault. just not your fault. >> [laughter] stuart: keith fitz-gerald thanks for joining us seen you again real soon. 15 second toss go until the opening bell on wall street looking for red ink not a whole lot of it. >> [opening bell ringing] stuart: i was expecting more reaction to what's going on in russia but we have not seen a serious reaction thus far in the futures market. let's see how the things work out as the day progresses. he's pressed the button trading has begun and we're on the downside. now we're on the upside. i mean, let's be honest here, folks. ashley? ashley: shake it all about.
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lauren: it's the final week of the first half of the year. its been pretty solid. so, you know, you've got a lot going on investors are just riding it out. stuart: okay. ashley: treading water as we like to say. lauren: july 4 weekend ahead of us. stuart: instant analysis from lauren and ashley. the dow is up 9 points an even split winners and losers amongst the dow 30, going nowhere this morning so far. the s&p 500 is down four points, nothing. the nasdaq composite is down .10 % nothing. big big tech always show you this from the start of trading. amazon and apple are up. meta, microsoft, alphabet are down. i'm interested in novo nordisk. lauren: oh, boy. stuart: they make ozempic. lauren: yes. stuart: supposed to be for diabetes. it's a good drug for that and also makes you lose weight. you have to take an injection of it but now, there's going to be a pill. lauren: yay, don't get too excited! okay, so the company is seeking
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fda approval for the pill once a day so you can lose weight just like that one pill a day. it's getting really easy. ashley: the magic pill. lauren: they want to seek fda approval this year but even if they get it, it's doubtful because of the huge demand, they be able to do the marketing launch and get it where they need it that quickly. they estimate that the weight loss market is $100 billion at the end of the decade. can we pull off pfizer shares right now because this tells a different story. pfizer stock is down. they are working on two pills for obesity. one of them, once a day, there's new data that shows liver issues , concerns are that pill. discontinuing use, working on the twice a day pill. so pfizer is down 4% on that news, but people don't want to take a pill twice a day. we want to lose weight so quickly forget the injection. one pill once a day. stuart: really? that's what's holding it back? because you have to take two
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pills a day? lauren: it's just scary. it's the unknown. stuart: i think we need, what's the side effects? i want to know what it is. ashley: more testing. stuart: one pill a day you lose weight, sounds great. what happens two years down the road? ashley: exactly. stuart: tesla. i know they are down this morning, 1.5%. somebody is negative on it? lauren: goldman sachs, it's the fourth downgrade in the past couple of days. the stock ran up, too much recently so says goldman and they also face a tough pricing environment. also some news on the cyber truck, a photo leaked and there's a frontk. there's no engine in electric vehicles so there's more space for storage where the engine be. ashley: it's a front trunk. lauren: apparently according to the leaked pictures, the frunk is huge. stuart: or to the english a front booth.
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lauren: they have a delivery event sometime this quarter but you won't see production until next year, maybe. stuart: here is another interesting story. this is good. jeff sica touched on it earlier. do we know any more about what netflix wants from harry and meghan before they get the rest of the money? lauren: content people want to watch. as jeff said, the world just got board with harry and meghan and all of the drama so netflix reportedly will only pay harry and meghan half of their contract. they are owed still $50 million should they be able to come up with content that people actually want. ashley: so they get 25 million even if they don't. lauren: no they got 50. they are due to get another 50 and they need to prove that they deserve it. they are worthy, with good content. stuart: you can not sell juvenile whining constantly. it's good for a couple weeks if you're a formal royal. lauren: let's do a split screen of princess kate. there's a very popular video of
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her at wimbleton playing with roger federer so you look at what the royals are doing versus harry and meghan and people are gravitating towards kate. stuart: that looks pretty bad. we've given them a lot of coverage on this show. ashley: it's all negative. lauren: i wouldn't do do it if it were my show. stuart: oh, okay. virgin galactic, well they have announced the crew for their first commercial space flight. what are they taking off? lauren: the italians now it's my show, i'm joking. um thursday, thursday. [laughter] with three italian astronauts and one person from the virgin galactic team. stocks actually only up 1% on this news. it's a 90 minute flight and what they are going to do is conduct suborbital science experiments. there's a list of 13. i went through them it's like a different language. ashley: how to make a pizza in space? lauren: testing of liquids and cells and how they react in micro gravity is the bottom line it's exciting though. stuart: it is exciting but
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coming right after the submarine tragedy, it's surprising that the adventure tourism has this kind of grasp. lauren: right this for science but after this it be adventure tourism. whose on board? stuart: i don't like the look of this on my prompter. somebody is downgrading google and i just bought this thing a couple weeks ago. ashley: kiss of death. stuart: the adverse indicator. if i buy you sell it. lauren: yes it's a downgrade by ubs to neutral but they increased the price target to $ 132 so the reason is interesting. there is advertising risk because of artificial intelligence, so when you're googling something you actually go through a series of pages to get your answer and that's when you're hit with advertisements. the marketers pay money for that but when you're getting an answer directly from chatgpt you aren't going through all of the pages so ubs sees that as an advertising risk because of generative a.i. stuart: i didn't realize that.
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120 bucks a share as we speak on alphabet formerly known as google. carnival cruise lines we're back to this. i bet they are doing, oh, no down 7%. all the cruise lines did well last week and now, carnival is down. lauren: carnival reported not too long ago and the numbers that i saw were tremendous. occupancy for the third quarter is expected to be at 107%, completely full all of next year still expecting a loss but much narrower than expected. i'm going to go through what's happening for the stock to be down 7%. stuart: something must have happened if it was down. lauren: yeah. stuart: that's where we are. next case what else we got? lauren: nothing. stuart: thank you, lauren. ashley: all done. stuart: what's it like sitting in between two american citizens with british accents? lauren: i want a cup of tea. >> [laughter] lauren: or coffee here? stuart: it was your gas stoves and your furnaces, and now it's
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coal and wood fired pizza ovens. new york city drafted new rules that targets historic pizzarias. president biden kicking off summer by selling his economic record launching a second " investing in america tour" today and coming out of the basement for a series of campaign events. coming up, i'll talk to stephen moore if this presidential strategy, is it going to work? ♪ ♪
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stuart: states rely on gas taxes to help maintain the roads of course they do. however, those taxes are now generating less and less each year because of electric vehicles. ashley? states are coming up with new ways to get the money out of us aren't they? ashley: though fools, yes you say taxes are generating less each year. why? well also, inflation is having
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an impact. fuel efficiency and yes, stu, to your point electric cars so states are experimenting with various ideas that could eventually replace those taxes. one proposal that seems to be gaining in popular it be to charge drivers by the mile instead of the gallon. they put a gadget in your car and they track how far you're driving. other ideas include taxing electricity from public vehicle charging stations or tack on door-to-door package deliver ies a little more indirect but so far only three states, oregon, utah and virginia are generating revenue from road usage charges. hawaii apparently going to join them next but we were talking about this before the show, stu, and you said not only are they looking to track how many miles you do but based on your income, you could pay even more taxes, which is just huge big brother thing to do. stuart: a mileage tax could be adjusted for all kinds of social criteria. it could level out inequality if you don't earn much money, you don't pay much taxes, tax the
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rich. i could see it coming. it's not out of the question. ashley: charged for that mile too. stuart: exactly right. president biden today kicks off his second investing in america tour. edward lawrence at the white house with us. what is the president's plan exactly? reporter: in about two hours the president will have a speech at the white house and he's going to talk in chicago then on wednesday about this new term he's come up with, bidenomics. he hopes to get more credit for the current state of the economy. the white house believes that the low unemployment rate that we're seeing means that this is one of the best economies in history. we've not heard much about inflation from the president over the past month, as it's still double what the federal reserve wants to see. >> my message today is really simple. got to keep it up and we have to make sure we aim even higher. we're going to see more technological change. reporter: ignoring the issue has not made it go away. the president refusing to change any policies because of
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inflation which peaked at 9.1% last june. the inflation we're seeing now at 4% is on top of the other inflation we already had because prices have not come back down. the heritage foundation says inflation cost the average family about $7,000 extra for the same standard of living. now we heard from democrats corporate greed is to blame so i wanted to know if the president still believed that as he met the ceo's on friday at the white house. >> but during the pandemic as you know, we saw profit margins increase to historic high levels and we expect that as profit margins fall to more historically normal levels inflation should moderate further as well. >> the president could talk to the ceo's here today about that. >> i'm not going to get into private conversations the president has had but i laid out how we see the future as it relates to profit margins and i'll just leave it there. reporter: and i'll leave it there too. the white house opening a new messaging will improve his poll numbers specifically in the economy and now this is all money we've already spent from
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the bipartisan infrastructure bill and the inflation reduction act. he's just repackaging it and saying these are the things that his economy is doing. back to you. stuart: edward lawrence thank you very much indeed. stephen moore with me this morning. i was just listening to what the president was saying there, suggesting that inflation is the result of price gouging and too much profit. you want to take that to pieces for us, please, steve? >> i'd love to, stuart. this is an investor show, right? this is a show that tells people how they can make money. how do you make money in the market when you invest in companies that make a profit? since when is profit a dirty word? if there weren't for profit there be no jobs and businesses, so it shows that we have a lot of economic ignoramous in this white house. they are trying to make an argument, stuart you and i have talked about the last couple of years saying the reason we had inflation was the companies were hording all of these profits, which is ridiculous. the reason that we had the inflation rate that went up
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to 9.2% this time last year, of course was that biden came in and spent and borrowed $6 trillion which the fed had to accommodate by printing money and it was just as obvious as the sunrising in the east and setting in the west that you'd have inflation from that so to blame this profit margins, but i hate this idea that profits are evil, stuart. what are they talking about? there's no capital without profits. stuart: well if you have a left- wing group of socialists running the democrat party, then you're going to hear a lot about profit being bad and putting profit before people. you hear it constantly. >> my old boss, dick army, he was the house republican leader a number of years ago used to say democrats love jobs but they hate profits and they hate businesses. you can't have one without the other, stuart. it's not too hard to connect those dots. stuart: i want your opinion on the latest move in new york city , which you may or may not be aware of, targeting coal and
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wood fired ovens in pizzarias. the city wants them to buy new ovens with emission control devices. first it was the gas stoves and furnaces and now pizza ovens. what do you make of all of this? >> i want to make one more point about this invest in america if i may, stuart. remember the chips act that $60 billion corporate welfare bill that was supposed to rebuild american semiconductor industry? an article in the "wall street journal" over the weekend i don't know if you saw it that showed two of the biggest beneficiaries of that bill which is taxpayers giving money to companies. the taiwanese semiconductor company and samsung. now, wait a minute. samsung is a korean company. obviously, the taiwanese company is in taiwan. how is that rebuilding america's technological prowess. none of this stuff makes any sense. stuart: pizzas tell me about pizzas. >> yeah, what are they going to do next? go after people barbecuing in
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their backyard? people love woodburning pizzas. you see them in every town in america. now they don't want gas stoves. they don't want people using charcoal. they don't want people using wood. what are people going to cook with? i mean, this is outrageous. if you want food that tastes good, you know, you're going to want to use the wood and use the gas stove and i said on your show a few weeks ago. they take the gas stove away from our house, you know? my wife wilbury kid the door before they takeaway our gas stove. stuart: i just hope they don't change the taste of a good pizza in new york city and they probably will. stephen moore thank you very much. >> these guys aren't kidding around by the way. new york is trying to ban gas stoves already. stuart: oh, yeah they are doing it. thank you, steve. the airline industry has a huge staffing shortage problem. however, there's a new audit and it reveals the faa has no plan to address it. we've got a report on that. inter-miami owner jorge mass reportedly confirmed the date lie nell mess
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i' first day for the club. ashley has the story. 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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stuart: could this be like a taylor swift concert, an instant sell-out? we apparently is a date for lio nel messi's match for inter miami. ashley: that's good, messi, swifties, inter miami targeting a match against the mexican side on july 21. it's going to be in fort lauderdale. that is expected to be messi's club debut and he is finalizing the final details ahead of joining after his contract expires with pierce g in france. tickets on resale websites already going for as much as 20,000 and going up. the team says that it's also going to have to beef up its security operations. for instance, the players will have to be bussed in threw a tunnel and authorities say it's not just for the home games. safety measures will be put in place wherever messi plays it is messi mania. stuart: interesting. i believe that some of his former teammates i think maybe from barcelona will be joining him in miami?
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ashley: he's setting the trend, barcelona midfield will join messi at inter miami this summer and announcing it on social media accounts and they have been mulling over offers from the united states and saudi arabia. barcelona left back jordi alba, very good himself also getting interest from miami and will make a decision on that in the coming weeks and by the time this new mls season inter miami is going to look like barcelona circa 2009 when they won everything. it's 14 years older but look like the old barcelona team. stuart: bring it to america. ashley: yeah. stuart: there is a new "american built" on tonight all about the new raider stadium in vegas. roll tape. >> anything goes. stuart: a major gamble in the desert. unprecedented problems. >> the physics of this is
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challenging. >> a domed stadium in a oval. stuart: unusual solutions. >> how do i pull a field tray from the outside to the inside. >> swiss watch precision. stuart: great expectations. >> next year the super bowl in vegas. >> the excitement it is electric. stuart: how they built the most expensive stadium in football. allegiant stadium. stuart: new new episodes of " american built" at 9:00 p.m. only on fox business prime. still ahead on the programmed to , kt mcfarland joins us, dr. marc siegel, steve forbes and bitcoin guy, brock pierce. if there's one expression that annoys me more than igor shevchenko it's being told the rich should pay their fair share but did hunter biden pay his fair sharon millions he earned? that's my take and it's coming up at the top of the 11:00 hour. ♪
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money, money, money ♪
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