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tv   Varney Company  FOX Business  August 4, 2023 9:00am-10:01am EDT

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the workers, but they're not showing up. maria: yeah, it's a great point. that is the crux of the economy right now. productivity, workers changing their approach to jobs as well as this consistent increase in wages which, of course, has become the sticking point for some earnings disappointments in terms of business. great conversation, everybody. the dow industrials, the nasdaq the s&p reversing course and are now trading higher this morning on this jobs report which actually came in weaker than expected for the month of july. steve moore, john lonski, eric friedman, carol o'grady, cheryl casone -- kelly o'grady, have a fantastic weekend, everybody. i'll see you tonight on "wall street." we have a big show. stu, take it away. stuart: good morn morning, everyone. when it comes to the tate of the economy, the job market is a must-watch indicator. here is the jobs report. last month 187,000 new jobs were
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recorded. the unemployment rate came down to 3.5%. instant analysis, the job market is cooling a little. biden will make the most of that. not sure if it's cooling fast enough for the fed. all right, here's the market reaction. positive. dow industrials up about 40. nasdaq up about 70. a lot of -- some green, left-hand side of the screen. two big name stocks that are going in opposite directions. start with apple. lower sales of iphones, and that's expected to continue. that stock is down over $5, 2.7%. amazon, though, way up. it's firing on all cylinders, both revenue and profits. that stock is up $12, and that's 9.6%. the 10-year treasury yield, very little change actually because of, after that jobs report. you're at 4.16, down just a fraction in terms of yield. the 2-year treasury, well, that is up a tiny fraction. again, not much difference after that jobs report.
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not real movement there in the treasury market, not much. bitcoin still around $29,000 per coin, 29,2, to be precise. all right, politics. trump goes to court, pleads not guilty, walks outside and says he's the victim of political persecution. one of his lawyers went outside and says the charges are election interference at its finest. trump speaks in alabama tonight. president biden on vacation, said nothing despite repeated questions during his bike ride. is this shaping up to be one crazy election or what? teens run riot in chicago. the mayor says don't call it a mob, it's a large gathering. in new york more migrants arrive. there's no room at the inn, they're sleeping outside. big democrat-run cities are in crisis. will they get a bailout from a democrat president, and if they don't, how much worse will it get? friday, august the 4th, 2023. "varney & company" is about to begin.
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♪ ♪ ♪ ♪ stuart: i knew it, i knew it. lauren: like the name, here comes the weekend. it's upon us. stuart: every week. look at that, it's friday morning,s and that is sixth avenue, new york city. it's empty. lauren: well, 4-day weekend, monday and friday work from home. stuart: we've got more on the decline of the cities coming up later, and that's the dethe klein of the i city. people ain't here. breaking news, 32 minutes ago, 187,000 jobs added had the month of july. tell me more. lauren: it's weaker, it's worst number since december of 020 expect second month in a row when you have a number under 2000,000. one more piece of bad news, june and may revised lower as well by
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a combined 40,000. in a sign the fed has a more work to do, the labor market's still very strong. unemployment drops to 3.5%, and wages are up 4.4% on an annual basis. where are the jobs being ad? health care, construction -- added? health care, construction, retail. where are they being lost? temp jobs, warehouse workers and manufacturing jobs she would 2,000. stuart: let's start with the two big earnings reports yesterday, apple and and amazon. apple, sales fell for the third straight quarter due to declining u iphone sales. however, we have to remember apple's stock is up 47% this year. it's down $5 now, but it's been way up in the past. amazon, you've got to say it's surging. it was theiring biggest earnings beat since the last quarter of 2020. they delivered faster, they delivered more cheaply, and their investment in a.i. is paying off. that stock's up $12, 9.6% for a company that size.
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kenny polcari with us today. kenny, would you buy either apple or amazon today? >> so today specifically i would not. i bought amazon last week, apple's well above my average cost, so i'm not going to chase it up here, but i would buy apple. i expect they're both going tabak off in the weeks ahead so, yes, i would be a buyer of apple, just not today. stuart: seems like overall the rally has faded or paused. do you agree with that? >> i do. and i've been talking about that in my notes for a while now, that valuations are stretched. the market is priced to perfection, right? you saw that miss in apple, and look what they're doing to them, right? although on the other hand, amazon, that is up as well on the year but even today. with but look, here's the difference. amazon was down 53% last year, it's up 47% this year, it's still well below where with it was in january is. it's about 23% where it was in january, so in my mind, there's
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still room for amazon to go. apple, on the other hand, was down 31% last year, it's up 47% this year, so it is above where it was a year ago. so so a pullback in apple make on this news makes perfect sense. i think the market is doing exactly what it should be doing. i like both maims, and on -- names, and on a pullback which i expect is going to happen in august, september, october which tends to be a long-held time of year. stuart: that downgrade really worried me, especially what it says about the future. we're spending too much, we've got gigantic deficit. that is a long-term threat. but i think the threat is coming closer. what say you? >> well, talking about the fitch downgrade. i don't think fitch told the us anything that we didn't know. we all know that we spend too much money, we all mow that it's growing out of proportion. i thought the fitch thing was much more -- stuart: wait a second. we're getting into debt faster and faster and faster. it is spiraling out of control. we're spending $660 billion this
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year paying interest on the debt. >> i hear you, and i'm not -- listen, i'm in the same camp as you. i'm disgusted by it, but it is what it is. and the democrats don't seem to think it's a problem, and the fed will just keep printing money which is why inflation, we're going to have a tough time with inflation. they'll just keep printing money to kind of soothe this whole idea. i think fitch is right that, you know, they're concerned, sure. everyone's concerned. this isn't anything new. i think for fitch to take us from a aaa to a aa+ and start making all these comments about january 6th, 2021, being part of the reason, i'm scratching my head saying, are you kidding me? stuart: okay. have a good weekend, kenny polcari. eat some good food and feel better. listen to this, a new poll shows the voters might not be buying bidenomics. lauren: it's a cnn poll, and it showed consistent pessimism in the u.s. economy. just 20% say the economy is
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recovering. 51% say it's in a downturn, aka, it's worse. then cnn asked, do you approve of how president biden is handling the economy. 63% disapprove. when they were asked about his handling on inflation specifically, 70% disapproved. this is how we rate the economy, it's the top issue, 44% of voters say that, and that's why we keep hearing about bidenomics. it's just a tough sell when you see these numbers from many polls. this is the latest, and it's from cnn. stuart: tough poll, i'll tell you. from cnn, no less. thank, lauren. trump pleaded guilty -- i'm sorry, trump pleaded not guilty to four felony charges. he says it's political persecution. roll tape. >> this is the persecution of the person that's leading by very, very substantial numbers in the republican primary and leading biden by a lot. so if you can't beat 'em, you persecute 'em or you prosecute elle.
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we can't let this happen in america. stuart: byron york with us this morning. all right, bye on, how does the country see this? trump seeings it as political persecution. what about the overall voters, the population? >> well, takes -- news like always takes a while to sink in, so we really won't know about this specific indictment for a couple of weeks probably. but this is the third one, and we know that the first trump indictment in man manhattan, which was based in an election, based on on behavior in the 2016 election, actually ine creed -- increased trump's sport significantly among republicans. and, of course, that's what matters right now. he's in the republican primary. then we saw the second indictment, the first federal indictment, of trump in the classified documents case which a lot of observers thought was a much stronger indictment, didn't really have much effect at all. and after that the trump actually did start the increasing husband lead over ron
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desantis -- his lead over ron desantis even more. the question is, well, what about this one? this one is the most political of all based in the aftermath of the 2020 election and january 6th. seems very likely that those republican voters who thought the first two indictments were political are going to think this one is too. stuart: have you ever seen an election like this one before? if i mean, it seems pretty crazy to maine i'm sitting on the sidelines looking at it every day. how do you think it's going to play out, any idea? >> well, you know, no, i have no idea. [laughter] let's just start with that, i have absolutely no idea. we do have some, you know, milestones coming up that we'll have to watch. we have the first debate, fox news, milwaukee august 23 or. will that have some effect. and then in the past we have seen voters or candidates who did can well until people started voting. and then once -- their campaign
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could not survive contact with the voters. so we really won't know much until we see people voting in january. in iowa, followed by new hampshire and south carolina. but, you know, i think this situation could roughly stay the same until those voters actually or start to be heard. stuart: what does your gut tell you? your political gut? >> well, it, well, you say to yourself there's a couple of things. we've never, ever had a presidential candidate under indictment. we haven't in anybody's living memory, we've never had a former president running for his old office, acting almost like a semi-incumbent. we've never had a candidate in an open primary who led by 30, 35 points over his closest competitor hen go on to lose -- then go on to lose the nomination. all these precedent, and none of
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them really fit right now. stuart: but you love it. you love it. you love politics, and that's why you're here. >> it's pretty interesting. stuart: it's fascinating. byron york, thanks for being with us. we'll continue this discussion for the next 18 months, i'm sure. check those futures, please, friday morning. i see green after the jobs report. dow up 70, nasdaq up 70. coming up new york city falling apart. migrants taking over the city. can does the city have a solution? i'll can ask joe borelli. trump jokes about his legal troubles on truth social saying i need one more indictment to insure my election. does the timing of this make it election interference? former federal prosecutor for andy mccarthy taxes it on after this. ♪ ♪
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hill will explain it. what can how republicans -- house republicans do? >> reporter: republicans want to turn the tables on democrats after the latest indictment of former president trump that could include calling special counsel jack smith to testify. republicans believe the do you want of former president trump is preemptive ahead of 2024. the gop is focused on the transcript of the interview from former hunter biden business associate devon archer. >> the whole idea was i'm going to get the vice president of the united states on the phone talking with clients and people we're doing business with. of course they're not going to talk about business, that wasn't what was needed. what was needed was, oh, i can get my dad on the phone who happens to be vice president of the most important country in history who has a lot of influence in d.c. >> reporter: as you say, jordan says everything is now on the table. delaware u.s. attorney david weiss handled the prosecution of hunter biden. weiss is willing to appear before jordan's committee later
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this small -- this fall. some republicans are now pushing a step which is more serious. >> articles of impeachment out there against joe biden, is and when we get back in september if there's not a clear past and -- path and a clear timeline for impeachable, my articles are written in such a way that could be offered as a privileged motion. i'm going to i pull the trigger on that, and we're going to move forward. >> reporter: but republicans are also talking impeachment for attorney general merrick garland and the secretary of homeland security, alejandro mayorkas. it's possible the gop could overplay its hand. >> the more you just normalize this process, the more the next generation's going to use it as a normalized process. and that's not good, right? that'sen escalation of an oversight effort. it dampens the effect of good faith oversight investigations which should happen in a separated government system. >> reporter: the other option for republicans, the power of the purse.
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some gop members want to flip the funding for special counsel jack smith. stuart? stuart: chad pergram, thanks very much. alina habba from trump's legal team calls the indictment election interference at its finest. watch this. >> this is not a coincidence. this is election interference at its finest against the leading candidate right now for president for either party. president trump is under siege in a way that we have never seen before. president trump and his legal team and everyone on his team will continue to fight not for him, but for the american people. stuart: andy mccarthy, former federal prosecutor, joins me now. andy, in your judgment, is this election interference? >> i certainly think, stuart, that the goal here is to get
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uncomplementary or unflattering information about trump out into the public domain in the runup months of the election. i'm sure if you asked the prosecutor, he would say that there were real crimes here. i have real question about that. but i think the political objective here was obvious both from the remarks that he made after he returned the indictment, he spoke for about a three minutes, and for two and a half of it he spoke about the capitol riot which is not something that's charged in the indictment, but it's something he wants to sere into the public view of what he's doing. and obviously he's trying to push the case to trial. and the reason you would do that is to try to get that information into the public domain while people are getting ready to to vote. stuart: if it's a faceoff between trump and the charges against him and biden and hunter and and his age problem, if it's a faceoff between the two, and it seems to be like that, how does this play out?
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>> well, i think for the moment it looks like it's playing out the way that democrats would like, at least in the short term, which is the other republican candidates other than trump can't really get any traction. they think they can beat trump in the november election, so they're happy to see him get nominated. and i think what their idea is, is they get him nominated and then they pour out all of this information that comes out of all these trials in the runup to the election, and that's how they beat him in november. at least that's how it's on the drawing board. you just talked a moment ago, or chad did, about overplaying hands, and there's certainly the danger here that they're overplaying their politicization hand because i think it is annoying to people even if they're not fans of trump to look at the way the justice department treats the bidens versus the way they're going after trump hammer and tong. stuart: it's just a -- forgive me for using this word, but it
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is a crazy election that's shaping up. i don't think anybody knows which way this thing is going, and it's creating, i think, a good deal of political anxiety. last word to you on yesterday's indictment. >> i just think it's, you can't look at it as a one-off. it's really part of a whole package. and what you have is democratic prosecutors and especially elected democratic prosecutors around the country all taking a shot at this guy. and it does put us in what you describe rightly, i think, as a kind of unprecedented, unstable, unpredictable situation. we've never known a situation like this where the political calendar and and a litigation calendar marry up like this. no one knows how it'll come out. stuart: or andy mccarthy, thank you very much for taking time out to be withs us today. always appreciate it. >> thank you. stuart: yes, sir. check those futures, please. the market opens in a couple of minutes. dow up 80, nasdaq up 75.
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stuart: three minutes to go to the opening bell on wall street, and looks like we will open with a modest gain all around. mark a mahaney with us this morning. amazon is surging. have you changed your target price because it's up so much today? >> well, look, yes. we changed our target price because there were three things we were looking for, can they recover their retail margins, can the operating armor gins recover, and they did. is there some sort of evidence that we're going to get to reacceleration in aws, and this was the some evidence of that. and the retail business, kind of the top-line growth rates, was that going to start improving. that there isn't evidence yet of, but there's enough in there, enough goodness in there, and i think cover all you're going to see street numbers go up something like 30% on the bottom line because the operating income was so powerful. so, yeah, we reiterated the outperformance, it's our number two pick after uber, and our new
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price target is 190. stuart: oh, i missed that. [laughter] hold on a second, mark -- lauren: went up $40. stuart: $190 on amazon when it's at $140 now. i think that's a street high, if i'm to not mistaken. quickly on uber, thank you very much. i own a thin sliver of uber. what can you do for me? where's it going? >> well, i think it's going higher. it traded off 6 on the print, so i thought it was going to trade up on the print, so i got that wrong. these quarter calls are very hard, but i think the fundamentals at the end got better. in other words, profit expectations, your estimates went up in terms of operating profits, free cash flow, etc. this company's well on path to do $5 billion in free cash flow, i think $7 billion plus in the year after that. kind of a 5% free cash flow yield but it's a sustainable 20% grower, and you don't see that too often. they finally reached gap
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earnings profitability, by the way, for the first time ever. check that box off. if they do that again next quarter, they'll finally meet the inclusion i criteria for the s&p 500. investors want to see, all right, you've got a lot of cash on that balance sheet, start giving some of that back to us in the form of share repurchases. we see that in the next 3-6 months. stuart: what's your target price on ubersome. >> we didn't change that. we stick with $75 which is pretty good upside from here. yeah, we continue to like the story, and the demand trends kind of stay very consistent. there's no real weakness at uber. you want to stick with it. stuart: you always make me happy, mark. 190 # on amazon and 75 on uber. come back soon. the market is now open, press that button. he does it. all right. we've opened on the upside. modest gain. it's not been a great week for stocks so far, but we're on a a friday morning, and we're up in the very early going, the dow is up about 90 points. one-quarter9 of 1%. there you go. the majority of the dow 30 are
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in the between. they are up. okay. -- in the green. the s&p 500 also opening higher, a gain of about one-third of 1%. 4,500, your level. the nasdaq above 14,000 with a gain of a half percent this morning. show me big with tech, bouncing back from some of the recent losses. amazon, microsoft, meta, alphabet up. but apple, as we've been telling you, down 3.5. amon's now up 9.7%. that's -- amazon's now up 9.7%. look at draftkings, please, up 4%. they've been on fire -- 4%.. -- 14%. lauren: now you have a surprise profit. revenue very strong in the quarter too. just to give some number, these were big. this year, 875 million in revenue in the second quarter versus a year ago, $466 million. that's like a straight arrow up. more states approving sports betting even though there's more competition, draftkings has market share. and in tear mature -- their
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mature markets, they're making enough money where they can use that, basically that's the funding to branch out to new markets. stuart: good looking chart on draftkings. straight up, got it. let's take a look at the ev makers. fisker, did that they report morning? lauren: finally, they have revenue. it's not much. they delivered their first car, they have $825,000 in revenue. it's something. still unprofit. the stock -- unprofitable. they did cut their production expectations for the year to just around 20,000. they cite supply chain issues. so, yeah. stuart: fisk ear down, nikola is down bigtime. lauren: way down. they a make electric trucks. their ceo has a family health emergency, he is stepping down, but it's the fourth ceo in four years. stuart: ouch. lauren: it's hard to get them on focus, get a trend moving when
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every year you basically have a new ceo. stuart: another stock that's way down this morning, that would be block. they run the payment service -- lauren: jack dorsey, right. it's what we used to call square with. stuart: that's it. lauren: this one's a tough one. their gross profit growth still growing, but that growth decelerated in the month of july. they still hiked their earnings outlook for the year. they say their cashout, that's the payment for the platform for digital payments including cryptocurrencies rising almost 40 percent in the quarter. but it was the forecast, weaker than expected, and down goes the stock by almost 10%. stuart: yeah, but they've got a lot of competition. lauren: yeah, that's true. stuart: a lot of ways to send hundred to each other. i want to show you bookings.com. a huge stock, it's up $225, 7.5%. lauren: and it's an expensive stock. we are traveling a lot in the past quarter, and in the month
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of july too. booking.com said their gross bookings, that's the total value of all travel booked on the site, hit an all-time high in the past quarter and rose an additional 20% in the month of july. so the travel boom is conning. continuing. revenue in a quarter up 27% to just about $5.5 billion. where's the growth? mostly asia, up 45%. the u.s. is growing single digits. i know we're looking for slowdowns, and we've seen it happening especially when the airlines have been warning about revenue if per available seat. but people are actually, for booking.com despite this glowing report, may be saying, you know what? a three-star hotel is just fine, i don't need the four-star or five-star hotel anymore because it's too expensive. stuart: how about airbnb? they're up. they're a travel company. they're in the travel business too. lauren: i -- we were talking before the opening bell, and i just don't understand why this
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stock is indicated down, because the numbers were very good. it's their most profitable quarter ever because they're charging more per night although folks are booking fewer nights, and rbc hiked the price target by $35 to 140. they're above that now. and they believe that airbnb can still grow in double digits even in this intense pricing environment. stuart: there you have it. airbnb and bookings.com is way up. if. lauren: let's go somewhere. stuart: check the big board, look at that, now we're up 157 points on the dow industrials, 35,300. dow winners, give me that list, please. what's on it? topping that list we have am amgen. microsoft is up $7. don't you love it? lauren: oh, wow. he's going to be bragging the whole show now. stuart: chevron up because oil's up again. unitedhealth, goldman sachs. s&p 500, the winner is, top of that list we have amazon. why not? it's up 9%.
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booking holdings up 7%. some big gains today there. striker, gilead sciences. i never got this one, atlassian. i don't know what they do. i should -- look it up, will you, please? amazon is on the list, bookings holdings, etc., etc. all good stuff. now show me the yield on the 10-year treasury. bear in mine we got kind of a soft report on the jobs report this morning. there's a cooling in the jobs market, and the yield on the 10-year treasury is going down a little, but it's still at 4.12. that's encouraging the nasdaq. the price of gold, where is it? $1,979 an announce. bitcoin, where's that? $29,200. oil, watch out, sports fans, it's gone to $81.87. nat gas, we quote it, doesn't mean much, it's at 2.59. here's what really counts, the average price for a gallon of gasoline keeps on going up. we have the average for regular at $3.83.
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that's up just 1 cent overnight, but you're getting close to $4 of. throughout the west coast it's $4 a gallon. diesel, that's up 2 cents overnight, $4.15. truckers, watch out. coming up, the major of chicago, brandon johnson, he doesn't seem to mind the new trend that would be the teen takeover. that's where teens loot, damage property and create chaos on the streets. watch this. >> we're not talking about mob actions. i didn't say that. this is not to obfuscate what is actually taking place. to refer to children as a baby al capones is not appropriate. stuart: we have to ask, is chicago out of control? is it past the tipping point like other big cities? we'll have a report are. there's a potential new cancer pill showing promise. researchers say it could aannihilate all solid tumors, end quote. you know, that seems too good to be true, doesn't it? dr. marty makary will tell us what we need to know. two navy sailors charged with spying for china.
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stuart: 11, almost 12 minutes into the session, and we've got a modest rally. dow up 150, nasdaq up 100 points. there's a a kind of a soft jobs report this morning. maybe the fed will look benevolently on it, and the market's up. the atlassian corporation is a software company, i've been reliably informed. microsoft is up $5, $332 a share. that adds 50 points to the dow industrials. next, two navy sailors charged with selling secret information to china. jonathan hunt with us. jonathan, one of these sailors was a former chinese national,
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is that right? >> reporter: yeah, naturalized u.s. citizen. what we've got here, stuart, are two separate cases. but according to prosecutors, they are strikingly similar and involve u.s. navy sailors selling the nation's secrets. listen here. >> when a soldier or sailor chooses cash over country and hands over national defense information in an ultimate act of betrayal, we have to be ready to act. and that's exactly what we have done here. >> reporter: one of the sailors was station at naval base san diego, one at naval base with ventura county. both house the u.s. pacific fleet which leads many u.s. operations and exercises that would be of critical interest to china. and. >> would be central -- and which would be central to any potential conflict over taiwan. now, spying on and among other nations is not unusual, of course, but the extent of
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china's operations, officials say, makes it different. >> can china, among all such nations, stands apart in terms of the threat that its government poses to the united states. china is unrivaled in the awe a dasty and in the range of its malign efforts to subvert our laws. >> reporter: one of the men charged served a aboard the uss essex in san diego. he was the one who was a naturalized u.s. citizen having been born in china. and for around $15,000, he sold to a chinese intelligence official detailed information on the essex and other ships, information that according to prosecutors could have put american lives at risk. the other sailor, a 26-year-old, was at the base in ventura. he sold information about u.s. naval exercise plans and operational orders as well as photos of u.s. navy facilities.
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now, stu, the efforts to prevent chinese spies are ongoing, and officials say they will continue to hunt down and bring to justice anyone in the military who betrays, as prosecutors put it, their sacred oath to defend if our country. stu? stuart: all right. jonathan hunt, thank you very much. gordon chang with me now. gordon, is this espionage part of a chinese plan to invade taiwan? they were trying to get the information they need for an invasion? is that it? >> it could be taiwan, it could be japan, it could be the philippines, stu. i think the most disturbing piece of evidence here is that the chinese wanted radar in okinawa, and and one of the sailors, thomas zha work, actually provided that -- zhao. and that really means they are looking at what they can do in an attack on taiwan or japan, because an attack on taiwan will inevitably result in an attack on okinawa as well.
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stuart: can we now change some of our defenses or navy ships or equipment to take account of what the chinese now know? >> there will be some changes, i'm sure, but it's pretty difficult because you're talking about a navy, for instance, that moveses extremely slowly on in the best of times. there is a management problem at the top of the navy, and they can't even do the simple things right. so something like this, i think, is probably beyond them. stuart: one thing that the i found troubling is and very worrying, that something like in this could lead to discrimination against asians, especially those of chinese descent in the united states. this kind of news is very divisive, isn't it? >> it is divisive, but we need to have a national conversation about the loyalty of chinese-americans. stuart: yes. >> and it's a conversation that chinese-americans don't want, and it's a conversation that the communist party certainly doesn't want because the communist party targets chinese-americans, and the effort is not only
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comprehensive, it is extremely coercionive. so chinese-americans are at special risk, and we need to have a conversation in the open about that. stuart: do you think that the chinese will eventually at some point invade taiwan or try to? >> or some other target the. or there will be an accident, because china is provoking these dangerous intercepts in the global commons, and one of them could easily lead to conflict. is so as henry kissinger said, war between china and the united states is, quote-unquote, probable. he said that in early june, and as we have seen, we are heading closer and closer to war even since then, especially with some of these disturbing signs in china itself including the purge of the rocket force senior officers which was announced this week. stuart: yes. what's that all about? any idea, gordon? is you've got 30 seconds. >> yeah. i think that xi jinping has been purging officers who are opposed to war. i think that his purge of the rocket force, which was
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unprecedented, is part of that, which means that xi jinping is thinking of using or threatening nuclear weapons in the not too distant future. stuart: what an extraordinary situation again. gordon chang, right in the middle of it. thank you, sir. we appreciate you being here. >> thank you stu. stuart: republicans want answers after a report revealed a chinese cyber attacken to our military networks. what's biden saying? lauren: "the new york times" is reporting that the white house is looking for malicious computer code it believes china embedded in u.s. utilities near military bases. so the worry is that china can power off the lights, power off the communications, the water not only at that base, but in the nearby civilian communities, and it could also disrupt american deployment including during any potential chinese move against taiwan. so a group of republican lawmakers wrote a letter to the biden administration and asked them, quantify the risk and what guardrails do you have in place to stop this from happening. you asked me what the white
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house is saying, no response to that letter just yet. stuart: frightening stuff. lauren, thank you very much. coming up, not too late to be on the showed today. don't forget to send in your friday feedback. we want it all. e-mail your questions, comments, critiques, whatever, to varneyviewersfox.com. it's like trump and biden are running parallel campaigns. trump called into court constantly, biden on the beach or in his basementment that's my take -- basement. crazy situation. my take the, top of the hour. ♪ ♪
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stuart: central florida is becoming a hot spot for leprosy. the word endemic is being used. jonathan serrie joins me. he has the story. how widespread is this, jonathan? >> reporter: right now it's very limited, but the trends are concerning. in the past leprosy cases in the u.s. involve immigrants who were infected in other countries, but now what we're seeing is more
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than a third of cases appear to be from infections here at home. although annual case numbers are in the low hundreds nationwide, they've doubled over the past decade here in the southeast with central florida accounting for nearly 1 in 5 u.s. cases. researchers believe armadillos, which are common in florida and carry the bacteria, may be at least partially responsible, but the study's co-authors say they still don't know exactly how the animals are infecting humans. >> that would be the most easy question to ask, you know, have you touchedded, have you eaten, have you cuddled with an armadillo, and if the answer's yes, then we have the answer, but most patients do not have that direct contact. >> there's some situations where the environmental source of. lend are procity has been proposed -- leprosy has been proposed to the e -- to be in the soil, the water or even on plants where armadillos habitat.
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>> reporter: leprosy often appears as a rash that causes the kin to feel numb. it can be treated and cures with antibiotics, taken over the course of six months to one year. >> this is a bug that slowly multiplies in the body, and so you have to treat it for a long period of time. but treatment is available. >> reporter: certainly good news there. the cdc has published the study's findings in its journal emerging infectious diseases, but the agency points out it has not issued any travel advisory for florida or any other state concerning leprosy. stuart? stuart: jonathan, thank you very much, indeed. we've got to get back to that market because we've got a lot of green in the stock market today. dow is up 150, nasdaq is up now just 47 points. just a few minutes ago it was up 100. okay. the 10-year treasury yield, is
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that still going up? no, down a little bit. 4.12 is the yield now. the price of gold, where is that on a friday morning? 1979 per ounce. bitcoin still right around the $29,000 level, 29,2. oil, there's a problem for you, it's going up. it's at $81.85 right now, and gas prices are going up. okay, deal with nat gas, not much change there. now look at the average price for a gallon of regular, $3.83. keeps on going up. on the western states, it's $4 a gallon. diesel, $4.15 is the average, and that's going up as well. still ahead, tammy bruce takes on trump's indictment, drl new cancer pill that's showing some promise. tom homan on the surge of i.c.e. special agents sent to the border. i think they're just going to get people in quicker. e vista that duffy on chicago's mayor making excuses for a
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