tv Varney Company FOX Business July 10, 2023 9:00am-10:00am EDT
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maria: i don't even understand it. i thought you go to a concert because your supporting the sinker. >> totally. >> and then you throw things at them? >> is completely out of control. like you said they are supposed to be fans so you're there to support your singer or performer. drawing aggressively as someone these are weapons in the end. maria: of course they are. it's been a great three hours, mike huckabee thank you for joining, great for an aloe, liz peek, we are three minutes away a market that is mixed, dow industrials off the hype it off the lows as well up 15 big economic data, and earnings, "varney & company" picks it up. stu taken away. stuart: good morning, everybody, first off biden meets king charles, janet yellen does account how to china, trump blows desantis away in the polls and we have a monday morning
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modest rally. let's start there, a very modest rally anxiety the head of wednesday's inflation number the dow up 16, s&p up one, nasdaq down maybe ten. i said it was a rally that was about 30 minutes ago when we were up 50 that's why i lead the show with that, it's a modest rally, bitcoin $30000 according as we speak, interest-rate are elevated levels, the two-year pretty close to the 5% yield, 492, the tenure just over the 4% level 407, oil moved up $73 a barrel, gas up 1 cent the average is 354, that is the market not doing that much on a monday morning, the latest poll shows donald trump way out front of his closest challenger ron desantis, 56 - 22, trump is dismissing the governor as
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uninspiring in california gavin newsom once a justice department to investigate the transfer of migrants to california. governor desantis will respond to all of this in the 11:00 o'clock hour this morning on the show and then the 3 barrels incident the treasury secretary yelling gave the chinese a pr coup when she did the cal powell on her arrival in beijing, the chinese communist party one this piece of diplomatic theater. windsor castle outside of london biden met king charles and they will discuss climate financing which gives dangerously close to politics. the president goes on to a nato summit and there is news on this. turkey may withdraw the opposition to sweden if turkey gets into the european union, a big day, monday july 10, 2023. "varney & company" is about to
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begin ♪ ♪. stuart: they are deliberately playing this music jump because it's upbeat and lively. i'm just back from a two-week vacation. they want to inspire me. that is six avenue by the way. almost deserted. let's get the 2024 grace, one of the biggest hurdles administration has to do in the president has to deal with is his age, how is the president responding. >> it is a hard issue to talk about. stuart: why is it hard issue to talk about. >> nobody wants to defined 70 by their age. >> when some people are 75 and 80 in 85 and 90 they are perfectly fine but others struggle. you have to realize when you age
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out. stuart: i'll try to remember. >> president biden is downplaying the concerns in the country and many in his own party but he does not come out and say you are wrong i'm not too old, he says this, listen. >> look, to use the phrase again were already at an inflection point, the world is changing and there is one thing that comes with age if you're honest about your whole life, that is some wisdom. >> that is true, that is true, with age comes wisdom. he used to say when he got the age question, watch me, now it's i have wisdom and that's the reason you should let me finish the job as and give him a second term, this is an op-ed in the hill when is the optimal time for biden to drop out of the race, this article this opinion piece is a number of democrats are nervous about the frequent
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gaffes and they think he has aged out. stuart: that is in the hill this morning. i will be the wise old stuart varney. >> he made faces during the entire segment. >> why not it's monday morning. should we get serious president biden is in the uk ahead of the nato summit later this week that could be in lithuania. niall is with us this morning. how is president biden have received in perceived and landed on the world stage. >> thank you for having me on the show from westminster london. i have to say i think biden's image and standard in the uk has formed over the course of the last few months and i do think that the tide has turned against biden he is viewed as anti-british, he is viewed as somebody who likes to stick the knife into the back of the british people most recently he sank the candidacy of ben wallace the defense secretary to
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be the next nato secretary general, also biden torpedoed a trade deal and he started off his presidency by throwing of the oval office, that was not a good beginning for biden. i think is viewed by british conservatives as intensity anti-british anti-brexit but also biden is increasing out of his mind and they watch the footage of biden making all sorts of gaffes. >> is viewed as somebody way out of his depths on the international stage. stuart: for a guy with a british accent when you say the president the united states appears to be out of his mind. that is going to get some reaction there. >> i think biden is viewed as somebody who is not in complete control of his faculties basically i think that is the general view in the uk and also there is a huge contrast between
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this very low-key biden visit in the state visit of donald trump back in 2019 to london which was a massive media event in the uk. biden has not attracted the attention that you normally get for the u.s. president, that is because i think increasingly biden has viewed as somebody who is on the way out in the united states and someone who i think has undermined america's standing on the world stage. i think biden has increased his viewed in the uk and across europe as someone who lost a lot of credibility and someone who is prone to making spectacular gaffes and is a former policy leader, biden has been significantly weak and somebody respects, even weaker than barack obama. the overall impression is certainly very negative of biden and he is also viewed as
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somebody as time is running out as a u.s. president. stuart: that's an interesting way to in the show, thank you very much for being with us this morning. we will hear more from you later. take a look at futures on monday morning everybody wants to know where your money is going as we start the new week, a lot of anxiety about the cpi numbers coming out wednesday, not much movement in stock prices so far today. jeff sica with us is monday morning. i would talk about artificial intelligence. we know there's a huge boom, nvidia is up 190 present this calendar year, c-3 a.i. is 2050, is it a bubble? >> i think so. >> i'm saying yes, bubbles conversed and a lot of days i wake up and i feel like i'm in 1999 again because like the public enemy song don't believe the hype is the sequel, i think this is the sequel to the.com bust, don't get me wrong a.i. is a transformative technology.
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it is important and is going to find the next level of technology advancement but when you're looking at companies that are trading at prices that are assuming multiple years of exponential earnings growth. any time the market or investors throw out the concept of evaluations or stock price and start looking towards the future of guessing where the technology is going to go, i get nervous and that's where a.m. right now. >> there could be a pullback like nvidia. >> especially nvidia, nvidia trades in anticipation of over 200 years of earnings that's how expensive it is from a price-earnings ratio. we are dealing with a very expensive important stock, good stock but not something to chase. stuart: you are on the show in january and you bought tesla, as
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i recall it was $110 a share at that point, almost at a low, you bought it tesla is at 275, are you going to sell? >> i bought it because you and lauren were both on the show and said when would you buy it and i came out and did not even think it just came out of my mouth and under one tent and then it dropped and i'm thinking i cannot let down lauren and stuart so i went and bought it. i said later on i owe you a fruit basket but now it's gone up so much i think i have to buy both of you it tesla. stuart: are you selling? >> i'm very worried about the chinese market, 50% of their growth comes from china their global growth, china controls the rare-earth market, which they own the rare-earth market, if you look at who's going to benefit from the electrical, the
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ev surge it is china. china has come out and put curves on rare-earth's. china could add any moment decide we are knocking to supply rare-earth to tesla because we want the chinese companies like nio to do better, that's when i would sell it. if they do that i would sell it. stuart: we have been warned but tesla is at 275. thank you very much indeed, see you again soon. the governor of new jersey phil murphy made a surprise appearance at a small concert in new jersey. the reaction? >> he was booed when brian kirk brought up on the stage at the red rock bar in red bank new jersey. watch. [crowd boos] >> he's a buddy of mine this is not about politics. he is a friend of mine, do not do that please.
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>> it was significant. and then he heard brian kirk say stop. the folks in the bar were mad that governor murphy has yet to sign a bill lifting all restrictions from covid. stuart: there's a few other reasons why one might be a little angry. >> perhaps. >> they were in the bar where there were signs posted that they can get labor, et cetera. stuart: very interesting. check the futures please, a mixed picture not much price movement. the next case, president biden but u.s. military information slip during an interview, watch this. >> we are running out of ammunition were low on it, we took the recommendation of the defense department to allow for the transition. where we have more 155 weapons, the shells for ukrainian. >> why would the president admit we are low on ammunition, trump
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stuart: a little change or stock prices on the very early morning on a monday morning. the dow up nine, the nasdaq down 12. when florida governor desantis through his hat in the ring he was the first major challenger to donald trump. that was about six weeks ago since the announcement, has he gained any ground?
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quite the opposite he peaked before he announced at 40% support in january. rcp average of polls has trump ahead by 32 points, trump is at by 32 points many voters say trump light, there's no factor when it comes the big republican policy priorities so they would rather have trump, now desantis is trying to move more right of trump and he put out an ad slamming trump supports gay and trans people, summer collie that darkens as it does not pulling any new voters. desantis will be on the show and the 11:00 a.m. hour and he can comment on how his campaign is going. >> and how he is going to catch up. stuart: the desantis campaign says it's raise $20 million in the first six weeks, the super pac supported the governor has raised 130 million since its launch in march. a lot of money. howard bloomberg is a backer of
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desantis enjoins me now. he is a impressive run but what is the plan to catch up with trump in the polls? >> it was an impressive fundraising, the most i've been a part of for campaigns and this is the most money raised in that period of time that i've ever seen in a well organized campaign, this thing is just starting a now has money and is going to get out his message. people know his name they don't always record that organ to talk about the next seven months, trump got a bounce after his indictments but after the end of the day desantis outraised him, if you cut the 50 million that was added to the super pac, the 50 million plus the 20 that is $70 million that is twice with the trump campaign raised during a full quarter they announced 35 million so is outraised and has more money than trump at this point. trump claims desantis is desperately tried to get out of the presidential race while at the same time saving face for 2028, what do you make of that?
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>> i think that is a hilarious headline that is obviously not true, the reality trump's numbers are actually terrible. trump is over 50% in the republican primary that means over half the republicans do not want him he's effectively an incumbent president and half of his own party does not want him. look at joe biden he's up to 70% and is polls and the guy cannot really teleprompter it is way ahead within his own party, i think the numbers are terrible and if anything he should get out of the race. if he's the nominee we're going to lose he's our hillary clinton the republic and party hillary clinton and what it would mean by that, in 2016 hillary clinton blew her way through the primary, the democrats did not want her in the far right hated her and turned out in droves in the general, the far right hates trump a good turnout and droves against him, the moderates the
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road people to swing voters don't like trump the good turnout and droves against him just like they did in hillary and hillary lost once more at stake, the top of the ticket trump is going to bring down all they're down ballot races that people are going to lose those three seats we picked up in new york because of lee zeldin those are good begot of trump is at the top of the ticket, this is good to be a disaster if anything trump is the one that should get out of the race. >> we hear you, thank you for joining us we appreciate it. aoc has endorsed president biden. why do some progressives have a problem with that. >> they see this as aoc falling in line with the broderick democratic party who considers president biden a moderate nonetheless the former prosecutor for producing his presidential campaign calls endorsement of a trail adding that most democrats don't want biden to run. bernie sanders and aoc are tragically out of step with the movement and the moment.
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i guess they want to see her in the squad get commitments in exchange for their endorsement. aoc says biden has been quite a lot considering the limitations that he has specifically in the senate. >> the democrats have a problem how do they remove the president of the ballot in 2024, how do you do that without opening up to president harris, how do you do that. >> he would have to remove himself. >> then you would have president harris. >> item iowa has announced the date of its republican caucus. >> it is six months from now, january the 15th 2024 much earlier the back in 2020 and 2016, let me put generate 15th on the calendar, it's a federal holiday martin luther king jr. day and also the date for the defamation trial against trump by eugene carol, caucus, court, same-day. then january 23 the new hampshire republican primary in south carolina goes for breach 24th. stuart: about people in iowa are
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annoyed of the democrats they are not holding their first primary in iowa. >> they are waiting for south carolina, the republican caucus will be popular and well attended, check the futures one more time, not that much action and the opening of the market is seven minutes away, we will be back. ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation.
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stuart: at this point with three minutes to go we have the dow unchanged, the s&p down a little and the nasdaq down a little not much movement, keith fitz-gerald joins us, why are you watching j.p. morgan. you have been talking about this for a long time, you really like the stuff. >> i do its best in class at the top of the food chain, here's why i'm watching this earnings season. the silicon valley banking crisis is going to come home, they are a big strong bank and i think they will change the landscape for the next six months, 12 months and 24 months by absorbing the smaller bankers and they will sidestep the real
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estate that will hit a lot of the regional banks, to me it's going to be good earnings, acquisition of deposit, strong margin and did a bit in play. stuart: i got that, i think the report later on this week, people are going to chase, friday. you think overall take a big picture here, the market is going to go up for maybe 5% by the end of the year is that across the board, tell me why? all of the capital and money is looking for home and people that want to put it to work the pension funds and hedge funds are behind the eight ball and i've never gotten in off of october was last year, they are chasing quality that could be really good for the market in general but specifically for big tech that's going to continue to rise further and faster, three times is that. stuart: you can't get away with dropping that at the end of the paragraph, you think big tech is going to go up three times for a 5% rise uc for the overall
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market. >> yes, i'm still working on that but i think 10 - 15% big tech possibly higher because those are continuing to attract customers, build margins and everybody's coming regardless of inflation regardless of what the wall is doing as a products move out and gather strength. stuart: you believe mcdonald's is a sleeper? >> i do and i'm intrigued by the stock in class the couple of weeks, automation is a tech company, they have been growing stronger around the world, great menu items, great rebranding in the piggyback memories for a lot of people that's good to drive an additional crowd into the restaurant and into the stock. stuart: have a better twitter wars, what is the significance and importance for the market. >> this is really important, as much as i dislike mark zuckerberg is the ceo, good for him that is builds up that's grown so quickly it ignites competition which is great but i would not bet against him at this point in time, to me it's
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an interesting byproduct of the social inks that exist in this country, i'm going to be watching carefully as an investor. stuart: threads has attracted 100 million users, very, very quickly, were get a deal with them later in the show, 100 million just like that, thank you for joining us, i know we will see you again soon. 20 seconds to go to open the market on a monday july the tenth. were looking for modest losses, gains, not that much, i have to remind everyone it's very important inflation numbers coming out on wednesday morning, the consumer price index, what is the level of inflation, the federal reserve will be watching very carefully, right now the market just open, the guy press the button, were often running i'm not expecting a lot of movement, let's see what we've got. very early going the dow industrials are down 17 points, that is .04%, we have some winners and i'm looking at ten
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or 11, the rest are losers but not by much, the s&p 500 also opening virtually unchanged, you are down three points, that is .09% in the nasdaq, same story, .09% down, i think i can say not much movement. big tech only when it is meta for they have 100 million we will get into that in a second, threads gets 100 million they are up $6, meta closing in on $300, apple, amazon, microsoft, alphabet all down but not by much, back to meta as i was saying threads gaining steam, 100 million users. >> in less than four days can i put that into perspective that is outpaced chat gpt it took them three months to get 100 million users, tiktok, nine months, even instagram i believe that was two years, threads out with a bang, here's the big question can meta sustain that
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momentum the first one is privacy concerns as block to the european union also antitrust. since is intertwined with instagram which is awesome for ease-of-use if you want to cancel your threads account you also have to delete your instagram. i wonder if that is an antitrust concern for regulators who are worried that big tech gets even bigger. stuart: 100 million users in four days that has a stock with a gain. we have fiscal, the electric car people they went public to a half years ago, they are finally putting cars on the road, very competitive field this is a make or break moment for the ev makers, the reason i say that i don't think they had ev loyalty, my grandfather with only by a ford i don't think people are like that not even woody comes to tesla which has a market share in the brand recognition. i think there is an appetite for something new and different, suv
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start to $37000, 360-mile range, solar panel roof, it does have cool factors and they raise money through their public de debut, $2 billion and they spent almost all of it because every single tesla competitor is looking to get through inflation in the supply chain and covid and they finally have done that and now they have to get the cars on the road, delivered to customers. they're all trying to do this as best as i can right now. >> let's have a look at tesla i believe the cyber truck was spotted and drive it around austin over the week, was elon musk driving? >> there was clips on elon musk driving, he said on social media he took on for a spin and if you look at the photos the car looks cool is different and looks ready to hit the road, tesla plans to enter production in september but that would be four years since elon musk first showed the world that the cyber truck with the angular windows in the windshield wiper and i
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thought it looked really odd four years ago but now i think it looks cool i'm ready for something new and different. i think model three they all look similar to me. stuart: this is futuristic. >> would you dragon? >> unlikely. let's leave it at that. have a look at nvidia. a tiny fraction 70 is bullish. >> woman recent price target to 490 live from 440. it is 60% from where it is right now, jessica said the a.i. bubble is about to burst but goldman sachs is no way it has so much further to go in the words that they used the a.i. has into the new growth phase. stuart: what is this about a medical a.i. chat pot being used by google. >> the wall street journal reports that google is testing this. >> in the mayo clinic in the hospital and they have been doing so since april, don't worry it's not replacing your
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doctor. if you're in the hospital you're still going to have a human being but maybe eventually you would have a chat but answer some your questions. they say that chabad is really, really well it performs just as well as the doctors, google's own executives according to the wall street journal say this isn't ready for prime time this is not ready for patient care just yet but were perfecting what we can do in medicine artificial intelligence, they call it the med palm, med/palm. >> your prepping for the actual treat, a nurse asked you a lot of question, does the chabad do that? >> i don't know this but maybe say they were given this much medication at this much time and this was their blood pressure anything that the nurse and the doctor looks at to get a picture of you that chabad would be able to summarize it. >> we can't wait. >> it is scary. stuart: it's not.
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>> i want a human being at my bedside with a gentle touch. >> checked the big board, not exactly a breakout but it is a nice gain. representative a hundred points just a few moments ago, one quarter, the winners, what is the top of the winners list, honeywell, home depot, visa on the list. the s&p 500 also slightly higher this morning, those of the winners, fort netcom amount of the stick, meta platforms is on this, up $7, polo, ralph lauren on the list, nasdaq winners, serious, exim radio, what is going on, meta, decks, on that list, let's go through some of the markets, the ten year treasury yield, where's that down a little bit. gold i've been away a couple of
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weeks, last time i saw gold it was under $2000 an ounce and has not changed, 1926 per ounce, bitcoin 40200, oil $73 a barrel to in change up a little bit today the average price for regular gas 354 and hasn't changed at all with the two weeks away, california still is entered still the same $4.87 on average. the new york times coming up criticizing president biden for his refusal to recognize his seventh grandchild. one planned parenthood now offering gift cards to 13 -year-olds if they complete a sex had summer camp. we are on that. even chuck todd admits people are not feeling bidenomics. roll it. >> president biden is hoping to claim credit for what is an improving economy. but teamwork in public is not feeling it. stephen moore calls bidenomics a disaster, stephen is next ♪ ♪
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stuart: look at this 11 minutes worth of trading and we have turned things around, we opened lower and we are higher in the dow was up 100 points. i have to check at the dow 31 or two stocks that are really moving to lift the dow 100 points, just like that. the united oil workers union says the biden administration electric vehicle mandate is unreasonable. hillary vaughn has been following the action. what is the union's problem with the ev mandate. >> good morning, they say president biden's goal of making all new vehicles or 67% of new
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vehicles electric by 2032 is not a realistic timeline they want him to slow it down to make it less catastrophic to the industry, the uaw saying this it could disrupt the entire automotive industry, president biden is caught in the middle between unions and his green goals putting a wrench into promises he made to be the most prounion president ever but also the most climate progressive president ever the united autos workers that represents gm, ford represented still link this was an ev factory and will employ as many people because electric cars are simply rebuilt with fewer parts in the ev battery factories will not pay the same wage for workers that they are making now, warning that biden is leaving workers behind in the push to go green the president of the group lasting biden's taxpayer cash giveaways to encourage ev production in the u.s. saying we've been
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absolutely clear that the switch to electric engine jobs, battery production another ev manufacturing cannot become a race to the bottom, why is joe biden's administration facilitated the corporate greed with taxpayer money all of this is putting a block and president biden's 2024 reelection campaign. the group is withholding any potential endorsement for biden until they get clarity on where they rank in his priorities and if he is willing to change his climate policies. stuart: changes climate policy, unlikely i would suspect. thank you very much indeed. msnbc chuck todd says voters are not feeling the impact of bidenomics. watch this. >> president biden is hoping to claim credit for what is an improving economy. he's ripping up the messaging to her focus on the economic agenda that he is embracing and calling bidenomics, completely recovered from the pandemic drop, the american public is not feeling it, 34% of americans approve biden's handling of the economy.
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stuart: 34%, that is a low number and look at the op-ed bidenomics is a disaster but the president is still trying to run on it. stephen moore wrote that enjoins me now. why is bidenomics a disaster? >> good to see you stuart, we missed you the last couple of weeks, great to see your face again. this is a disaster in every area. if you look energy policy where we are no longer energy independent as we were under trump. if you look at the $6 trillion that's added to the national debt and the one thing that has been strong for the economy has been jobs but we got the jobs report that came out on friday. here's the most interesting thing. it was a disappointing report for sure but you know what the fastest growing industry was in terms of jobs in the month of june? >> government, government. that's not what we want we want
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private sector jobs in the government to be shrinking because the running trillions of dollars of deficit and we want the private sector to be growing. i think the main problem with the u.s. economy for 65% of americans who are headed in the wrong direction is the real incomes since biden came into office is down between four and $5000 because inflation has been so high in the purchasing power has been evaporated. stuart: i want to add to that a little, personal experience have been away a couple of weeks doing my share of grocery shopping. i come back and i'm astonished, the prices are still going up. it makes you think, i do the self checkout, $8.99 and $10.99. he goes on and on. everybody else feels and sees the same thing. >> had the same experience going to the grocery store this week and seen what milk cost and eggs cost and meet in trying to buy
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an airline ticket or try to buy a new car or rental car those costs are way up in more than they reported for - 5% of the labor department's same prices are up, people feel like the things that they have to buy car up more in price than the inflation number suggest. stuart: i want to save a minute for this isaac is an important subject. your group unleashed prosperity now, you put out a new ad it's about school choice you call school choice the civil liberties issue of our time. i have limited time, 60 seconds, make your pitch please. >> what you're looking on the screen, george wallace who seeks two years ago this summer stood in front of the school doors and said no to black children going to good schools. here we are 60 years later and the democrats are doing exactly the same thing. they are not allowing kids to
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have vouchers and education savings accounts so kids in really poor districts could go to a school that works whether a catholic school or a jewish school were charter school. it is outrageous and last week the governor of pennsylvania who had campaigned on school choice for all children vetoed a bill because the unions put the noose around his neck and said you cannot do that. what's happening to put it simply is the democrats are siding with the teachers unions over black and hispanic kids in the last line of our ad, every child in america should have access to great education. stuart: we don't argue with that please. >> i know were out of time but i gotta say this, this is an economic issue. we cannot be the number one economy in the world if for graduating kids from school that cannot even read the diploma. stuart: well said. come back soon. one planned parenthood is giving
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gift cards to youngsters if they complete a sex ad summer camp. >> the summer camp is called. they had to in minnesota, one was for 13, 215 -year-olds this is for the most part pre-heise call they cannot get enough teens signed up. that's not happening but one is happening 15 - 18-year-old and this is what you have to do for the free gift card, 30 hours of camp as sex education the goal at the end is that ten conversations about what you learned in the camp and then you get the $150 gift card, the camp is free, the lunch is free. this sounds like grooming, sexual conditioning, spreading of what you learned. stuart: i don't know where to take that, that is grooming, that is a very strong thing. >> it is a sex ed camp where they will actually teach you things and then encourage you to have conversations about other people with what you learned.
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stuart: i'm not so sure it's that evil. >> okay. stuart: are you? >> i would not put my kids in the. stuart: thank you lord. >> the chinese communist party seems determined to humiliate america, the latest example using janet yellen's triple to show her power, jim jordan takes out on and is going to respond at the top of the next hour, new york city migrant shelters are at full capacity, the city wants to use schools as temporary housing. next we are going to take you live to one of the schools being considered for the migrants. we will be back. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently.
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stuart: new york city might use public schools to house illegal migrants over the summer. madison all work is that one of the schools it's been considered. the mayors previous plan was totally shot down, is this when getting as much pushback? >> at this point the specific schools that would be used have not been announced. what i'm hearing from the new york city council members, their constituents are concerned about the plan but were not seen the
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pushback of the protest because we don't know for certain exactly what schools will be used as migrant shelters. as you mentioned this was something that was done before back in may the city hall suspended plans to house migrants in gymnasiums because of how much pushback they got but the mayors office make it clear the plan could be on the table at any point in the future and what were seeing now very clearly the plan to house migrants in schools seems to be heavily considered so we reached out to city hall to get a response to ask them will migrants be housed in school and they sent back as mayor adams has said repeatedly we have more than 51800 asylum-seekers in our care and average capacity. while this option is not ideal, none are and we are in no position to take anything off the table. migrants inner-city schools very much on the table. right now around 52000 migrants being cared for in the city, the
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space is running low in city hall, what were hearing between 20 - 30 schools for this plan, that would further add to the ever-growing list of migrant shelters that were once hotels and office buildings and houses. currently 179 emergency shelters in new york city and 12 humanitarian emergency response and relief centers. finding space in new york city is not the only problem. city hall is considering hiring private security guards to patrol the migrant facilities because things have gotten too violent and volatile for the staff on hand. you know i covered the story frequently and what are the places i often go to his holiday inn in downtown manhattan in the financial district. that used to be the tallest in the world and output was the tallest migrant shelters in the world. every time you're there were restated up with a live shot we have neighbors coming up telling us how bad it gets at night, rip it partying, smoking and dumping
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oil from motorcycles and scooters into the drains in the streets. now the newest migrant shelter could be the school behind me. i will send it back to you. stuart: not good. a great report, thank you very much. still ahead jim jordan, joe concha, presidential candidate ron desantis and maga spokes woman, the 10:00 o'clock hour of woman, the 10:00 o'clock hour of "varney & company" i and you make us proud, huh? n, ♪ bye, uncle limu. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ this is american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks.
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