tv Varney Company FOX Business July 11, 2023 10:00am-11:00am EDT
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♪ the old time rock 'n' roll ♪ the kind of music that soothes the soul ♪ stuart: rock and roll, keep playing that. bobby siegel has always been one of my favorite singers from way back when. that morning. lauren: can't think of any other song. stuart: straight to the money. we are up one hundred 20 on the dow. the nasdaq turn soccer, down six. 2 thirds of the dow 30, one third up, one third down. the yield on the 10 year treasury has moved to almost exactly 4%. the price of oil has gone up, saudi arabia and russia want to cut oil production, price goes up $74 a gallon. bitcoin, $30,451 at this point. everyone is trying to explain why attendance at disney's themepark dropped so sharply
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this year. the wall street journal says, quote, disney world hasn't felt this empty in years. when my children were young we often drove down i-95 to disney's orlando park. it was expensive but disney had the magic touch. they convinced america the product was worth it. disney was the place to be. not so sure about that now. how on earth do people afford these prices. a one day pass for the magic kingdom is between 124, and $189. epcot, one hundred 14 to one hundred 79, the animal kingdom, one hundred 9-one hundred 59. extremely difficult to navigate through this complex price structure. on top of the ticket you pay on top of the souvenirs and anything else the family has to have. one day a family of four
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probably around $800 and that does not include a hotel. than theirs politics. a year ago disney changed its greeting at the fireworks display, ladies and shut up, boys and girls is out. good evening, dreamers of all ages has come in. disney went work. it tried to affect florida's politics, positioning the company against governor desantis and his non-woke education policy. what disney must be turning over in his grave. he spent a lifetime creating an environment where people went to enjoy themselves and be happy. now it is wildly expensive, patrons must always be aware of the correct words to use. second hour of varney just getting started. ♪ stuart: great to see you again this tuesday. i woke corporations beginning
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to retreat? >> interesting to look into this. i love what you said, growing up in california my family would never miss our annual trip to disneyland but now that i have children we don't do it, in part because the values pushed by disney are so hostile to the values we have as a family. i know we are not alone in this. some corporations, so much pressure for them to be woke, so much financial incentives to do it in terms of how the left has built up architectures to help them loan programs, they have the right social score but a lot of americans, a lot of people are just not putting up with it. stuart: the media tried to downplay reports that president biden lashes out at his staff in private. he has a history of going after the press. watch this. >> have a much higher iq than you do. asked the right questions.
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>> let's run, let's do whatever you want to do. why would i take a test? come on. >> what do you do all the time. >> go back and read what i said. stuart: is this - his temper that's being revealed, is this another reason democrats want him out? >> it might be. when the corporate media were helping president biden in 2020 one way what they did that was completely covering up that he does have a history of having a temper, outlandish reactions with voters. glad you showed that one of from 2019 where the iowa voter who said he liked biden but was concerned about the biden family corruption, biden tears into him, calls him fat, wants to challenge him to an iq test. this type of behavior is something that will be more difficult to hide in the next campaign.
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there's not that excuse of covid to keep him in the basement. it plays into concerns about his mental acuity. frequently when people age and suffer in relation to that they get frustrated. you are starting to see much more of that. people worry it might be related. stuart: i think some senior democrats want to get him out before the actual election. >> he barely won in 2,020 with a lot of help from a lot of outside forces and now he has a track record with a week economy. interesting to see what you were talking about, president biden trying to tout the weak economy as a strength that will be a challenge given what actual american voters think about. the foreign policy record is a disaster, the border, problems he has to deal with that he didn't have to deal with in 2020. democrats are thinking there's got to be a way to get him off the stage and have someone fresh but it will be very difficult to do.
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stuart: very difficult. always a pleasure, thanks for being with us, see you again soon. house republicans rolled out a new national voting bill just ahead of the 24 election. what is this about? lauren: securing election integrity. listen to what the law would require. photo id to cast a ballot in a federal election, prevent noncitizens from voting and require annual maintenance of voter rolls so dead people are not sent ballots. the group of house republicans that rolled out this bill did it in georgia. because of the damage that state saw and faced in 2,020 one for their election loss. this is unlikely to pass the senate likely will never make it to president biden's desk but the chairman of the committee that introduced this bill is warning of democrat\, no doubt the left is going to
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attempt to attack, mislead, and disguise. stuart: i'm sure he's right on that. photo id, cleanup the voting. don't let noncitizens vote. for 40 years i was living in america paying a fortune in taxes, i was not a citizen so i could not vote. lauren: what was the first election you voted in? stuart: 2016, over the years. lauren: what an honor. stuart: we got back to the markets. scott shelladdy, the nasdaq down 35, 80 points. i believe you have a nickname for bidenomics you want to share with us. >> it is not bidenomics. it is a biden nightmare. i've got a place i have been hanging out called recession island. i used to have a lot of friends that lived on that island with me thinking they weren't going to get this recession. i still think we are.
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a lot of folks, you've seen it on your show. have been leaving recession island because they think the fed has managed to have a soft landing. i say bunk, that's not happening. we have some real problems. two thirds of the electorate are really suffering, don't want to come through and the headline is look how great the nasdaq is doing at how many jobs we've got. those are the things people keep going to. to really poorly economic car to the side of the road and look under the hood. we have problems. we've got bankrupt, corporate bankruptcies that came out this week. late last week, up 93% from this time last year. 7% of companies say the fed are in dire straits, they can't buy when they can't higher. citizens have no savings, all-time record high credit card balance, $1 trillion in the country, how are these
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people spending? don't believe it is pandemic money. that's three years ago. they do haven't had to pay their student loans which they have to do now. 37% of americans according to yahoo finance have started to dip in for emergency loans from their 401(k)s. that's not the sign of a healthy economy not including three banks during a healthy economy, that doesn't happen let alone the tech layoffs. what i see is flashing yellow or even read. i'm not getting into those bidenomics at all. stuart: that was interesting. not sure i agree with you. if i had more time i would like to know when this recession is going to hit. hard break coming up. scott shelladdy, explain why recession is coming, see you soon. looking at at the movers, show me salesforce top of the list
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on the dow industrials. what's the big deal here? lauren: raising prices by 9% for all their customers that use their sales, their service for marketing. this is the automation a human resource company, the last price increase was seven years ago. stuart: uber down i think. lauren: they have pricing power. there's a report that their cfo is planning to leave. if that happens, the most significant executive departure since the company went public in 2019. stuart: $40 a share. next case is wd-40. lauren: lubricants, sales better-than-expected. the board approved a 50 billion share buyback. stuart: astonishing that a standalone. lauren: companies the name of the key product.
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stuart: that is the key product. lauren: anyone pictures it, you call it -- stuart: put the oil in the right place. flight delays, cancellations, we keep hearing about them. is a going to get better this summer? lauren: no. it will stay the way it is. driving might be the best way to get to your summer destination. three problems, the carriers overscheduled, no slack in the system. the shortage of air traffic controllers, takes years to train and air traffic control. the faa is working on it but they don't have it and across the shortage, there are issues at homes like jfk and newark. stuart: what has the administered and done about it? lauren: they make excuses. pete buttigieg says air-traffic
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controller is only responsible for not even 10% of the delays you are seeing, more because of the airlines. they are all at fault but there's huge demand, people are tolerating getting delays, getting canceled. not getting your passport, 13 weeks, people booking a second stop on their route to pick up their passport at the processing center to continue with their trade. stuart: buttigieg was once considered a presidential candidate. not now. not now. i can't imagine him being a presidential candidate. early on. columnist at msnbc links exercise and fitness to far right ideologies. the right are fitness fascists. women's soccer player says she would welcome transgender players joining the women's national soccer team even if that meant replacing a teammate
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that is a biological female. clay travis is fired up about this. live golf moving believe championship from saudi arabia, details on that coming up next. ♪ ♪ us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education. so they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. ( ♪ ) with a majority of my patience with sensitivity, i see irritated gums and weak enamel.
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stuart: one of the guys in the studio is laughing. lauren: if you go online to find a community where you share fitness tips you are susceptible to being radicalized into white supremacist groups. the author says the intersection of extremism and fitness shares an obsession with the male body, hyper masculinity and violence. this is an opinion piece by a woman, a sociologist and a professor. this is what i don't understand. it was originally published in march but retweeted by msnbc yesterday. why would they retweet that? did the editor get mad that he had too many hotdogs over 4 july? he probably doesn't celebrate 4 july because he works at msnbc, you're a nazi if you work out. stuart: better leave this.
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i what i wish i was a fitness fascists, sharing tips and get stronger. women's soccer player says she would support having transgender players joining the women's national soccer team. rep you know says she will retire after the world cup. men transitioning to women will join the national soccer team after she leaves. to i have that? >> one of the dumbest argument in the history of women's sports. the erasure of women's sports. it wasn't very long ago the us women's soccer team, the world cup champions played against of 15-year-old and under dallas, texas boys team. the dallas texas boys team beat
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them 5 to 2 and a bullet are rated the best women in the world. men are bigger, stronger, faster than women and even high school boys are bigger, stronger and faster than women at the timing on this is the ultimate giveaway. megan rep you know is almost 40 and retiring, she doesn't have to compete against any biological men pretending to be women so she is committing to the ideology of the far left wing to prepare for her next career which is probably going to be try to argue that bidenomics has been a huge success. just-in-time for 24 presidential elections. stuart: let me move on to the next one. the championship from the saudi arabia to the trump national golf club in miami. who is going to have a problem with that?
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>> live golf, i'm a capitalist, if live in the pga tour, about the merger and coming to gather, the cynic in me sit back and says live probably thought if we play in the saudi arabia, everyone will be mad. if we play at trump national, only half the people will be mad at us. let's have only half of people mad at us and get into the republican camp at least for this tournament and try to forestall the attack coming our way. stuart: you have good stuff so here's another one. in ba is america's first bud light style fiasco but no one in the mainstream media will tell you that. you wrote that. want to explain it? >> for some reason the media
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and nba, and immutable truth, millions of people voted for donald trump, nba commissioner adam silver. white that you voted for donald trump in 2,020 or president biden in 2020 we hope you will watch the nba and enjoy our product. i don't believe adam silver would say that and what you are seeing is the result is many republicans come many people who love basketball have tuned out on the nba. 2,023, most watched women's college basketball game ever, nearly 10 million viewers for lsu playing against iowa in the women's national championship, opening round of the ndc aa turned to men's basketball, set an all-time record. simultaneously the nba, four of
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the last five years, the lowest rated in the last 30 years for the nba. this is pretty amazing, michael jordan, most watched basketball game ever, i bet most of your viewers were watching, 1998 game 6, utah jazz against chicago, jordan hits the jumper to win the bulls, the sixth national title. the most watched basketball game of all time, 2,020, lebron james in the finals with the la lakers, the audience, 20% of the audience that watched michael jordan, the nba lost 80% of its nba finals viewership over that 25 year period. this is, they won't tell the story because they don't want to remit the power that conservative, middle of the road nonpolitical sports fans have, look at the numbers but tell the story the nba has last bit mainstream america. stuart: good stuff, you got to
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come back soon and hope you do. sales of bud light continue to fall, ashley, break down the latest numbers please. ashley: drop in demand actually reported ahead of the all-important fourth of july weekend. critical weekend for sales but for week ending july 1st, bud light sales plunging 28.5%, slightly worse than the 27% decline before the previous week. that a heavy chunk, not just bud light, the dylan mulvaney controversy picking up anheuser-busch beer brand as well, sales of michelob down 4. 3% in the same week while bush light sales were down 8.5%. meantime, the number 2 beer brand constellation brand's beer in the us saw sales jump
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11. 4%. %. if the trend continues week after week it could overtake bud light. ashley: thank you very much. a medical study suggests medical students could be taught about antiracism by watching television. >> occasionally say something stupid doesn't mean i'm in the hospital going door to door annoying people like some crazed jehovah's witness? oh, you are not. >> my mother is. >> he is black too, you should tease him about that. stuart: i guess we are going to get into that somehow or other. my next guest says he got into medical school with a mediocre gpa by pretending to be black. this proves the supreme court actually against affirmative action needs to be and forced.
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stuart: what will tomorrow's consumer price index show about inflation? inquiring minds want to know. that's hanging over the market because tomorrow's inflation numbers will be very important. we have a modest rally in stocks in advance of those numbers little lauren looking at the movers including boxes from charter. lauren: like getty images. it is up 11.5%. ai expanded their partnership with open ai. the way this works, open ai can train and shutterstock can use open ai's text to image capabilities in editing. ai coming to make us all beautiful. stuart: jetblue. lauren: they got a stock, downgraded to sell. they lost their northeast alliance with america to appease the ftc while fighting
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the ftc to have their buying of spirit airlines go through. does that happen? i don't know. the deal ultimately -- they downgraded jetblue. stuart: have you got the store beyond meet? lauren: stock up 5% because their number one plant-based meet beyond steak is available at 14,000 stores. we want is anybody doing that? you don't know. lauren: i never have. never even tried it. stuart: great story. my next guest went to medical school in 1998. he says he got in by pretending to be black despite having a mediocre grade.average. the author of almost black joins me now. okay, vijay. 10 this back to 1998 and tell us your story.
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>> i'm living proof of the racism intrinsic, back in college i met a light-skinned constitutional law professor at the university of chicago named barack obama. i remember looking at this dude saying if he can call himself black and go to harvard, why can't i? when applying to medical school, the data published by the american association of colleges, a lot more likely to get into medical school if i said i was black then asian american but i shaved my head, trimmed my eyelashes, joined an organization of black students, applied to medical school has a black man. it worked beyond my wildest expectations. i was at washington university, university of pennsylvania school of medicine, third and fourth best med schools in the country and got into st. louis university school of medicine despite the fact my
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3.1 gpa was lower than their average of 3.7 at the time. the affirmative-action roller coaster all the way to medical school. because of the new supreme court decision, you can't to do that. stuart: that is a good story. once you got into medical school as a black man, you are not of african heritage, you are of an indian heritage. can other black students find out? what was their reaction? >> one hundred students started, they did not disclose to your school your race to your fellow classmates. i just appeared on the first day of class as myself with my normal hair. other students started the same day. i just blended in. no one ever noticed i was not the race i claimed to be. stuart: you fully support the supreme court's ruling against affirmative action? >> i'm very proud to join edward bloom, students warfare admission in their efforts to end affirmative-action but i warn you this is just the beginning. we have to fight a battle to enforce this decision.
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as president biden is never going to enforce it. stuart: thank you for being with us. an eye-opener, we appreciate it. medical students can apparently be taught about antiracism using tv shows. ashley, we have some remarkable stories this morning, take us through this one. ashley: this is another one. how about gray's and anatomy or the comedy scrubs. a study from the university of pittsburgh says entertainment through medical tv shows could help med students better understand racism issues. participants in a study were shown clips from tv shows dealing with a variety of issues including health disparities, stigmatizing language, physicians becoming jaded about the role of the healthcare system in addressing racism, bias in clinical care and tokenism.
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the study concluded that this may offer a way to promote psychological safety when discussing the potentially sensitive area of racism. stuart: thank you very much. and thank you for the hard work, much appreciated. ashley: my pleasure. stuart: there was the title of hillary clinton's book. the governor of utah slamming medical groups, taking politicized approaches to gender transition treatment for minors. kelly o'grady with me. who is the governor going after? lauren: calling out the american medical association, american academy of pediatrics, a host of others, for what he says are pushing this type of care. for some context, the ama and other support access to evidence-based gender affirming care. we spoke to the american
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psychiatric association, that would include everything from mental health services to medical transition support for minors which can include surgery in some cases. the criticism with these groups are not just focus on patient care about well-known lobbyists. the ama ranked 7 among all lobbying group spending 20 one. one million last year on those efforts. it is why utah's governor spencer cox unleashed information on the subject that is hard to come by. >> those groups are politicized. on this issue it is impossible to get unbiased information. >> reporter: utah the first state to ban gender affirming surgeries this year, 20 states in total implement in man's for because it's on transition care as well. you see the seven states and yellow are considering something similar but it does appear the ama dollars may be working in other states. many introduced legislation supporting this type of care for minors, nowhere so much as california. a bill under consideration could make parents liable for
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child abuse if they don't affirm a child's gender. >> we are taking things too far. you have politicians getting too involved in this and we need to start creating legislation that will have punishments for anybody opposing something or not agreeing with it, that is when the government has stepped too far into our lives. >> reporter: a sentiment contentious issue with no clear path forward. back to you. stuart: the governor of new jersey under fire after two offshore wind project in his state, federal tax credits going direct the to consumers to help offset higher energy costs. instead they are being pocketed by a dutch company. . he after this. ♪ ♪
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stuart: home prices hitting new highs once again. i thought i -- high mortgage rates would deter buyers. apparently not. ashley: apparently not. problem is lack of inventory. we've heard about that for years. home prices her record my high in may going up 0.7% nationally but that is a new high. even with interest rates way up, home prices gaining again. exceptionally strong number equates to an annualized growth rate of 8.9%. the data shows half of the nation's 50 largest housing markets have either returned to the prior price peaks or such new highs. lack of inventory is the issue
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with many property owners reluctant to put their homes on the market and give up their record low interest rate mortgages. on top of that research shows researchers at risk of losing 200,000 affordable housing units over the next five years as government protections end hundreds of rental properties and landlords become free to set their own rents on average, affordable housing rents run 38% below migrant rates as soon as they get out of the government program and go back to that. people won't be able to afford rental homes. stuart: we have a new government study that almost half the tapwater in america is contaminated with pfas, forever chemicals. a contractor who knows all about this stuff is about to introduce the scare of the day segment. what is wrong with drinking water out of a plastic bottle?
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>> i hate to scare you but plastic bottles is all in the word. forever chemicals come from industrial products, things like plastic teflons and when a plastic bottle goes to the store and we take it from that store, and we go home and drink it it might have been heated up a number of times. you would never if you had a hot bottle of water you would know not to drink it because chemicals in the plastic a leech out into the water. most people don't think of that bottle of water is not as safe as we think. stuart: i will not die tomorrow. >> most people will put a filter on their kitchen sink. perhaps the refrigerator, they are drinking water. they feel they are safe from forever chemicals but turns out the human skin, the largest organ on the body absorbs everything it comes in contact with. get ready to get scared.
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when you take a hot shower, when you bathe, wash, brush your teeth, your skin absorbs all those chemicals that are in the water, you breeze the steam, rather than going through your digestive tract it goes to your bloodstream, highly concentrated more than you drink from water alone and that's why it is important to filter all the water that comes into your home, not just the water you drink. as a contractor i have installed hundreds of water filtration systems, water softeners, you name it. many systems. lauren: how much is the system? >> i do a lot of research on my own home, $2,000. what it does is filters every drop of water coming into your home. even the showerhead, rendered perfect filtered drinking water which lets you eliminate all the chemicals, the lead, mercury, arsenic, all the things you hear about in the news all the time. keeps you from absorbing those things into your skin.
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prickle is that you filter all the water, not just the water that you drink. stuart: and pay $2,000. out of time. the scare segment is over. lauren: ignorance is bliss is my motto. stuart: the mainstream media stayed silent on the scandal surrounding hunter in the 2,020 election but jake tapper says he won't be shying away from the president's son. presidential candidate ron desantis descended his wife katie dumped her america's karen, kilmeade believes the governor will be the number one target on the debate stage next. ♪
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time for brian kilmeade who miraculously appears now. jake tapper reversing course, he says it is important to cover hunter biden's scandals. watches his. >> we have been covering it and we need to cover it. to covered. president biden is who he is, in addition to be an addict, he's a guy who ethically has questions about his behavior and it is worth covering. we are covering in context, the context of everything being said and in terms of how fact based any of it is or how evidence-based any of it is but i don't shy away from covering hunter biden. is the president's son and he made a lot of money being the president's son. stuart: they didn't mention the laptop so why are they talking about hunter now? brian: it was too crazy even to say and glorify by bringing it front and center. didn't say a word when the new york post, the president of the united states were sidelined because they brought it up,
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didn't lookup the veracity of the emails, the policy of president biden sending that email back. what is disingenuous is they put a wall between hunter and joe. tony bobalinski said come and call me and i will tell you the same story. they met at the beverly hilton, take care of my family. this is the interaction with all these materials and e-mails to prove it, backed up by rob walker, devon will be testifying soon. if jake tapper wanted to tap into his journalistic skills, if he was serious, not on someone else's podcast promoting a bad line on cnn. if he was not on somebody else's podcast, he would call the day after because that was covered. cnn coming to interview me.
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i will tell you how joe was involved, they want to make it seem republicans are jumping on an ad like billy carter rolling out a beer. it is nothing to do with that and nobody cares, judging someone on addiction, you can do that in your living room. it is international business deals. the revelations that came out of who hunter biden was interacting with, the chief of staff of the president of the united states, how comfortable he was with antony blinken, and driving 200 miles an hour through the desert driving on who knows what doing crack heading to las vegas to meet six women in a hot tub and the next minute doing international business deals. various banks you talk about all the time that are hard to set up. 's crack making him smarter? don't understand how these
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people can see this addict through the most intimate dealings with. there is a lot we need to know. weiss in timor curious about it? stuart: you brought up a lot that i did not know before. the trip into the desert was new to me. ron desantis on my show yesterday, i asked about msnbc, his wife casey america's karen. desantis's response. >> my wife is in a really strong first lady lady of florida, fantastic mother and great wife and that threatens the left. i think they are very worried about her effectiveness and all that is doing is confirming that she is over the target. criticism from msnbc as a badge of honor. stuart: why do you think they are going after his wife? >> why is that okay? a couple years of the me too movement, what did she do wrong?
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all she does is be poised in front of the camera, do the impossible, be the first lady of a state, raising three young kids, who was a successful anchor, unbelievable golfer, fantastic commentator, if you read ron desantis's book, they used to knock on doors, i want you to meet my husband, meet locally, he wants to run for office, they worked together and next thing you know, he gets the nomination, goes to congress, write the book about barack obama, the obama years, which he felt was so ineffective, nobody bought the book but i would go speak and talk about the book. together, they formulated the stellar career whether he gets the nomination or not. this is a success story. where was the last negative store you saw about michelle obama to this unknown lawyer, this community activist decides to become a senator, run for president.
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are people upset michelle obama was giving speeches for barack obama or doctor jill biden giving up element are schoolteaching to get the word out about her ancient husband? no. but jackie was born that way. it is not her fault she looks like a former first lady. that is what she looked like as a local anchor on an abc affiliate. stuart: hard break, more varney after this. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections.
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