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tv   Varney Company  FOX Business  August 14, 2023 11:00am-12:00pm EDT

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ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. jot stock markets disagreed with the bears all yearlong when the fed lowers rates, the economy will expand and earnings will come bock strang so we'll have a very positive year next year and it's time to get set up for that now. >> let's not sugar coat this. china is a communist country, they have an evil dictator running that country, and until they change i believe the united
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states over the next 25 years will outcompete china. >> democrats are burning daylight at this point. the best evidence i have of joe biden is not actually running. at this point, the number of campaign staff that he has on biden for 2024: 7. that's not a serious campaign. >> yes, taylor swift is bigger than the beatles, will be bigger than the beatles and let's face t the beatles were overrated. stuart: what a great song. the beatles. revolution. lauren: it's better than taylor swift? stuart: oh, i would never make such a comment. do you think i'm crazy? i think taylor swift will be bigger than the beatles. i have to get on the right side of the audience. in 50 or 60 years, will we be singing or watching taylor swift's songs?
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>> not a shot. stuart: if you want the audience to like you, you said the wrong thing. let's move on. it is 11:00 eastern time, monday, august 14th. on the markets, nice turn around thank you very much. it was all red an houring a and now ale green. not much but it's green especially the nasdaq up 94 points. show me big tech? are they up along with the nasdaq. yes, they are. amazon nice gain, 1.3%. alphabet, apple, microsoft, meta all on the upside. 10-year treasury yield going up earlier and it's still going up 418 is your yield on the ten year. now this, it was a weekend of monumental events, the news does not take the weekend off, does it? but the president does and we'll get to that later. a special council named to investigate hunter biden. a judge says the law is more important than a presidential campaign so trump must keep
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quiet. the iowa state fair in full swing, trump arrives, steals the show. trump gets a heads up about another indictment coming, a grand jury will be seated in georgia. then there's the destruction on maui. american paradise lost. where was the president? on the beach. this is not a criticism. biden is entitled to vacation and he's not obliged to comment own all the news items of the day, but to me it shows the president to be out of the if i cantures. world moves on around him and he's left out of the action. i think it's intentional, at 80 it's hard for him to be physically and mentally robust. a new basement strategy makes sense. but it's apparent to members of his own party that he's not capable of doing the job for another six years. the democrats know it. minnesota democrat dean phillips, again, called on the president to pass the torch as he put it. move aside. the president returns to the
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white house for lunch with vice president harris. no press allowed and that is the only thing on his schedule for today. third hour of varney starts right now. stuart: steve forbes with me this monday morning. seems to me the beach is the president's new basement strategy. there's all this news and he seems to be out of the if i canture. where am i going wrong? >> you're not going wrong, and that's why he's not going to be running next year. the scenarios that gets him out of the race, we don't know yet but he will not be the democratic knock-knee in 2024. stuart: you're o convinced of that? >> absolutely. absolutely. stuart: why are you so convinced in >> the hunter biden thing they can't sweep under the rug even though they did the cute maneuver in your face special council. you've got the economy, that's not a win for him. then you have his capacity, which you referred to. he's not just 80, he's an old 80
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unlike a winston churchill or william gladstone and was prime minister in his 80s and vigorous, chopping trees down. not joe bind. there's a situation where they're going to get him out. the question is what they do with the vp. the government sadly is not out of it. far left is in charge of agencies, regulatory agencies, and they're going full bore. stuart: what happens in october when some student loan borrowers have to start repaying their loans? large numbers of them. what happens to the economy, any impact? >> beginning not too much because they have a programs or what they call ramping up or whatever the heck they call it. there are programs where you can make delays if you have a family of three and income under a certain amount. but it'll hurt. for three years the pattern was you didn't have to make the payments so you -- human nature, you adopt new patterns and then you get hit with this.
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it'll make an impact and head wind for the economy and self-inflicted and doesn't get to the real problem, which is why are tricker prices of edge colleges going up four times the rate of inflation. absolutely unnecessary and all administrative bloat. stuart: say that again. >> last 40 years, sticker price of colleges gone up three to four times the rate of inflation. no justification for that at all. it's just administrative bloat. palaces, tank tache ma halls on -- tac taj mahals on campus,t for the students. make sure we don't have the problem in the future. for example, colleges taking a piece of that loan. being responsible for a piece of that loan. so they have a stake in the student getting thru in four years instead of six or no time at all. getting a major that might be of use in the marketplace.
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basic things like that and also parents and students should watch a document reigns leading, it's only 20 minutes from a thing called izzit, i z z i-t.org and called do students do the math. accumulate over time and go to college and don't have to repay for four years, the interest is accumulating. very, very eye opens and transparency, credit cards and mortgage up more and transparency on what you owe with the loan payments than with student debt. it's a scandal. stuart: we'll leave it at that. a scandal says steve forbes. we'll take that. thank you very much indeed. >> thank you. stuart: back to the markets, jason katz with us on a monday morning. you revealed something interesting to me, there's $5 trillion on the sidelines. that's in cash i take it, plus a lot of short term treasuries, which is also a form of cash. does that set up a big rally? >> it's actually 5.5 trillion in money markets, and the treasury money is far in excess of that.
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so i will tell you anecdotally and having been on rale street for all the years and the real people in the real world and disproportionate appoi amount oy that would have been in short term treasuries because in several months you're getting paid heavily in a tax advantaged way while you wait. not setting up for a rally but dip buying and support to this market. trees don't grow to the sky, stocks don't group in perpetuity. at some point, we're going to get a breather and if we get that breather 5, 10%, you'll have a portion of that cash come back into the market and serve as support. stuart: are you forecasting a 10% dip in the market? >> i'm not forecasting that per se but look, the fed has a last mile problem. that's getting inflation to that target, and it's this negative feedback loop. the better corporate earnings,
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the better the economy does, the higher the fed goes, the longer they stay. the longer they stay and the higher they go, the more that increases recession risks. i think we're stuck in this vortex where we're going to be sort of sideways for at least the next 6 to 12 months. you can still make money in other parts of the market, the cyclical value parts but on an index level, expect a whole lot of nada. stuart: whole lot of nada, okay. i keep hearing that china is now posing a serious threat because it's slowing down so much. the implication is that the world's second largest economy, when it slows down like that, will have an impact on our, the biggest economy in the world. what do you say? >> they have the sniffles and we're definitively going to get a mild cold. that doesn't mean we're going to get pneumonia. yes, they're big buyers of our treasuries and they've been big suppliers in terms of our goods and service, but with the near shoring and the on shoring, i
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think our economy, our market is not going to be reliant on theirs and i think our market could do well in spite of their economy slowing down. stuart: give me advice, should i convert my 5% one year treasuries, convert them now into stocks? >> i would convert a portion into value and cyclical stocks and as i said last week and the week before and the week before -- stuart: and the month before that. >> please extend your duration, buy longer term bonds. you're still young enough, buy green bananas. buy long term bonds and lock in high yields before they go lower. stuart: you locked yourself into the show forever. lauren: why are they going lower? stuart: you're young enough he says, okay, you're a good man. thank you very much. lauren: called you a green banana. stuart: that's okay. lauren: it's a compliment. stuart: get to the money, looking at penn national. interesting developments here because that's dave portinoy's old company. lauren: agreed to sell barstool
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sports back to dave portinoy back for $1 because of the brand. penn said port noisy recordings may sell back. stuart: he's still in? lauren: yeah, and the stock goes up. stuart: monday.com lauren: it'sw this. lauren: stock management company. it's-up. stuart: downgraded to market perform. lauren: stock down 1% and cited two things a slow down in the luxury space here in the u.s., luxury consumer pulling back a bit, maybe not traveling as much and stock is up 40% this year. stuart: all right, lauren, thank you very much indeed. new york city will reportedly pay $20 million a month to house migrants on an island in new york city. that breaks down to around $10,000 per asylum seeker. new yorkers already protesting. we're on it.
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hackers in china prepared cyber attacks on critical u.s. infrastructure. that's the warbling from a top cyber official. she says we need to take this threat seriously, and we will. top republicans pushing back against the iran prisoner swap deal. they're concerned it could lead to the white house reviving the iran nook larra deal. general -- nuclear deal. jennifer griffin has the story and the latest negotiations with ty teheran after this -- teheran after that . ♪ >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. we went to safelite.com.
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hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom. stuart: the pentagon may put u.s. marines on commercial ships in the mideast to stop iranian seizures. jennifer griffin at the
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pentagon. does this have anything to do with the u.s./iran $6 billion prisoner swap deal? >> well, it's all inter-related, i think, stu, if you look at piracy taking place in the straight and the possibility of negotiations about the nuclear deal. what we know is that the biden administration has given a green light for south korea to free $6 billion of iranian assets that south korea froze under international sanctions in exchange for five americans that have been held as pawns by teheran in the nerve nucleus tourist yous prison -- notorious prison and we've been following the tragic stories of these five americans for more than six years and some nabbed byes regime visiting family members in iran. the deal to get these americans home includes releasing some iranians held in the u.s. for breaking sanctions and the lead negotiator, a former army ranger that worked under the trump administration conducting
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hostage negotiations for the state department and had success arranging the release for americans like brittney griner, some republicans have raise concerns these deals encourage countries like russia and iran to take more american hostages and the top democrat on the house armed service committee pushed back. >> the money that's going from korea to iran is money from oil that iran sold to korea and korea did not pay for that -- south korea, sorry, because the sanctions that were imposed under the trump administration. there were about a half dozen countries in that situation: italy, india, a few others. all of the other countries under the trump administration have already given iran that money with no strings attached under a special payment system that was set up under the trump administration. >> among those americans slated for release, one of them age 51 arrested in 2015 on a business trip to iran.
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another arrested while traveling to iran in 2018, an environmental activist arrested in iran in early 2018. two americans whose families chose to keep their identities secret are part of the deal. south korea would transfer the money to qatar, that's been a mediator in the talks and the five american haves been released into house arrest in teheran while final details are worked out. stu. stuart: jennifer, thank you very much indeed. folks, listen to what mike mccall says about that $6 billion prisoner swap deal. watch this. >> the idea that the toll will not have any control over this money and by the way, we're talking about $6 billion; right. $6 billion. look, i want to get these americans home more than anybody, but we have to go in eyes wide open. $6 billion that now is going to go into iran and prop up their proxy war terror operations, and their nuclear bomb aspirations.
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stuart: retired four star general jack keen is with me now. general, is this prisoner swap in some way connected to a possible iran nuke deal? >> well, that possibility is out there certainly, and people who are privy to the me gauchuations believe that is -- negotiations believe that is in case a fact. what that i cans this is unusual, stuart, is that normally we analyze a deal that's made after the deal is complete and the hostages are in american control again. iranians still control the hostages albeit they're no longer in prison but at a hotel some place, but that is why we don't have an administration official also on television responding to chairman mccaul's concerns and defending the specifics of the deal and they're concern this could still blow up in their faces based on what's happening out in the national press. the leakers of the deal, how the
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media got ahold of the fact that this is taking place and iranian officials themselves. they leak it had initially to the new york times, administration asked the times not to publish it and they agreed not to publish it and iranians went to other sources and the deal got out there. when you draw back from this and look at it, one, the amount of money involve second-degree truly significant. $6 billion. versus the $400 million in the obama administration down payment followed by $1.5 billion for hostage release. that was u.s. taxpayers dollars. this is money owed iran from south korea. many concern is simply this, the administration is making a claim that the money that will -- it will not go to fuel iran's aggressive behavior in the region and will go directly to the iranian people and there's going to be some guardrails to ensure that'll happen.
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this is iran and they control everything that takes place inside that country to include their own people. that's number one. the second thing is and this is really the issue for me, does this provide iran the incentive to do this again even though this method appears different from the past? i think overwhelmingly it does, stuart. it certainly will provide them to go back out and get american citizens as hostage. they've been in extortion, hostage business since 1980s, and it's a very handsome reward for them. stuart: do you put any stock in these reports, which i've been reading not from terribly reliable sources, which suggest that the iranians are very close to actually testing a nuclear weapon. do you put any stock in that? >> i do because the iranians, at
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least the last time we've had any valid report on it is there's at least 60% weapons grade and the control during the so called nuclear deal was 3.5% iranian enrichment and they're very close to going to weapons grading in a few weeks. and that testimony was provided no less than the assistant secretary of defense for policy in the pentagon a number of weeksing a. so yes, they are close to it. they haven't taken that extra step. i think they know full well that would likely trigger a response from israel for sure. what the united states role is ambiguous about what would take place and we've said from the outset that we will not tolerate iran having a nuclear weapon. yes, supposedly there's a secret handshake on this deal with the hostages and there may be some accommodation to iran on the nuclear deal and removing some
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of the sanctions if they old at 60% or go to a lower enrichment grade. we'll see if that materializes. my view, we should be increasing sanctions on iran. their aggression in the region is obvious. you just reported, we're putting troops back into the r region ad putting capability back in. they're interfering with persian gulf oil out of the gulf and we're trying to ensure that protection. this is iranian war aggression and dominate and control the region and we've got to recognize they're really an adversary and every time we try to appease them, what do we get? we get more aggression. that's the mantra of the regime, stuart. stuart: don't disapply weakness. display weakness. general jack keane, thank you, sir. security officials warning of cyber attacks against china.
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lauren: absolute chicago and specifically a change and pivot in the type of cyber attacks attributed to them. from espionage and theft; right, to destructive attacks on critical infrastructure that can take down key systems. cut the power for instance. this morning came from jen easterly and director of u.s. cyber and security infrastructure and speaking at deaf con hacking conference over the weekend and china is getting more ambitious in their cyber attacks. stuart: all right, lauren, thank you. vivek ramaswamy loses himself on the campaign trail. watch this. jot words won't come out. he's championing how. everybody's joking now, the clock's run out, time's up, over, snap back to reality, open, there goes graaf to the best of my recollection o pe there goes rabbit, he won't check, he won't give up that easily. stuart: he's the most interesting candidate out there and how did the crowd react to his wrap?
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rap? we'll see. native american group calling on the washington commanders to change their name back to the redskins. this is a fight against cancel culture and they're ready to encourage a bud light style boycott. what a story and we've got it, next. ♪ with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity,
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stuart: the dow slipped into negative territory and a nice gain for the nas dap up 90 points. have a look at intel. what's the story there because they are up for a change. lauren: yep, next generation cpu net rocker processing could be -- network processing 75% faster than the current one and great news for video gamers and potentially retaking share from amd. it's dow stock and it's up. stuart: how about amazon? lauren: they're using artificial intelligence to summarize online product review for some users now and you don't have to volunteers and through hundreds and hundreds of verne views to buy an item. ai takes the review and puts it in one paragraph for you.
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stuart: ross stores and they report thursday? lauren: correct. they're on track to report 100 new dress for less stores. they say consumers expect in one year and that's the lowest since april of 2021. we have somewhat belief that inflation is coming down a bit. stuart: that's what consumers think is the inflation rate in the future. lauren: yeah, the consumer outlook and new york fed outlook is consumer outlook. stuart: consider the source, thank you, lauren. now look at this, vivek ramaswamy at the iowa state fair this weekend rapping eminem's song lose yourself. roll tape. ♪ snap back to reality, ope there goes gravity, oh there goes rabbit, he's so mad ♪
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♪ but he won't give up that easily and he's back to his own ropes -- stuart: vivek says his eminem hit is his favorite walk out song. the crowd didn't really react though. at 38, he's the youngest candidate running for the presidency. he's also the only millennial. okay. let's move on before we say anything you don't want to say. now this, the same day republicans targeted president biden with articles of impeachment, democrats focused on a separate target, justice clarence thomas. hell reigns leading vaughn on capitol -- hillary vaughn on cap holohill. capitol hill. reporter: good morning, stu. democrats are greatly disturbed by people in power rubbing shoulders with billi billionaird businessmen but not the president's son. they're worried about supreme court justice clarence thomas, a report from pro public claiming thomas has been taking luxury vacations and outings and
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private jet rides democrats say thomas fail toddies close these exorbitant gifts and should be can i have thed off the high court and resigned because of it. fox reached out to thomas for comment and didn't reply back. unprecedented, stunning, disgusting and height of hypocrisy and wearing the robes of justice and take undisclosed gifts from billionaires and benefit from your decisions and 38 free vacations, yachts, luxury vacations and sky box at events and when it cops to house republicans saying show the biden family and their business partners benefited at least $20 million from foreign sources. democrats brushing that off saying there's no evidence of any wrong doing by the president himself and saying there's not enough evident to warrant an impeachment investigation. >> it's not that democrats don't have evidence, it's the republicans don't have event titled. they want to do an impeepment
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without evidence, that's the problem. >> there's no evidence. you have speculation and maybe this might have happened but guess what, i guarantee you bill barr with the department of justice look intoed it. now if there's evidence, of course, happy to do impeachment inquiry except there's none. reporter: one house republican is not waiting for impeachment and florida congressman greg stubby filing articles of impeachment against president biden and unclear if or when that would get a vote. stuart. stuart: all right, thank you indeed, hillary. taking a look at that. now we'll take a look at this headline. the media can restore their credibility by reporting equally on biden and trump. joe concha wrote it and he joins me now. joe, i agree the media could restore their credibility by reporting equally and fairly. you don't expect him to report equally and fairly, now do you? >> it's a bit of a pipe dream i have to admit, stu. it's aspirational and this article shouldn't be considered
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an outlier at this point and you've been around a bit. 1976, remember we would have anchors like cronkite and brinkly and mud anchoring the evening news and three in four americans said they trusted the media because the bias didn't exist or was too subtle to notice or maybe they just stuck to the facts instead of injecting their opinions and never reporting. now it's biased and activism in broad daylight and evening newscast for 2023 have not committed one minute or one second to the biden family bribery scandals. this includes not unnamed sources and bank records showing $20 million paid to ten members of the biden family and here is members of the media echoing democrats saying the president only jumped on the phone with hunter biden's business associates no less than 20 times and went to dinner with the business associated from ovseas with plastic bags like china, ukraine, kazakhstan, russia and we're supposed to believe they talked about meteorology and the
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weather. either it's bees dismissed or not being covered. i'm not saying don't cover trump trials and indictments, that's a big story but give equal time or something that resembles it to the biden scandals as well, we're simply not seeing it. you're right, stu, it was a pipe dream but i thought i'd put it out there anyway because, well, that's what journalism should be. stuart: that's an interesting pipe dream to have. when do we store credibility to the american media. they've lost it for the last ten years and can't get it back that easily. i'll move onto an astonishing story. native american group wants washington's football team, the commanders, to go back to the original name. the redskins. the group issued a statement, the line in the sand moment is undeniable moment of the native americans assisting with native american principles used by the founding fathers in the constitution. and every american's right to the first and 14th amendment and not to be targets of cancel
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culture or esg. wow. that was a surprise, back to the name redskins, joe? >> you know, stu, when it controversy came about, it was about a decading a when sports media really began to drum up the pressure. but you looked at polls and found an overwhelming number of washington redskin season ticketholders at the time did not want the name changed. when asking native american groups at the time, a solid majority didn't care because they had bigger fish to fry or they didn't mind the name. this was a controversy drummed up to shame the organization into changing its name and nothing to with a ground swell from fans ornative americans and once -- or native amer americand once corporate sponsors said we need to pull advertising because there teams to be a real controversy around this, there was no controversy and will they go back to the redskins? probably not because there's
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money involved, but this tells you this whole thing -- same thing with the cleveland indians never should have happened in the first place. stuart: agree. you're right and they're all right. i hope we see you again soon. let's get serious for a second. take a look, a deputy saved by narcan after he's exposed to fentanyl on the job. whole rescue caught on body cam. it's a good story and we've got it for you. 96 people confirmed dead in the maui wild fires. the deadliest wild fire in american history -- or in more than a censure reigns leading to be accurate. we'll take you right on the ground in maui right after this. ♪ you can't buy great conversations
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stuart: the devastating wild fires in maui. 96 now confirmed dead. max gordon is right there on the ground for us with the latest,
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please, max. reporter: hey, good morning. so much heart break, so much sadness here on the island of maui. no official cause on why these fires started, but over the weekend a class action lawsuit was filed in hawaii circuit court alleging that hawaiian electric, that's the power provider, was negligent and kept their lines electrified during the wind storm and red flag advisory, high fire advisory. hawaiian electric providing a statement to fox news saying that they're not going to comment on pending litigation and that right now their priority is getting the west side of maui re-electrified. meanwhile though, the governor here in hawaii has called for an investigation and says that fire fighters initially thought that the fire was out and that 80 miles per hour winds caused what he calls a fire hurricane. take a listen. >> that meant that fire traveled one mile every minute. minute resulting in this tragedy. with those kinds of winds and a
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thousand degree temperatures tes ultimately all the pictures you see will be easy to understand. reporter: the local government here still limiting access to the town lahaina devastated by fire saying it's still unsafe and they're still re-coviding bodice. in one case, an entire family of four was identified as victims. overnight cur curfew on the west side place of maui and auxeses limited to residents and people with hotel reservations. according to the governor, more than 2700 buildings were destroyed and vast majority of them being houses. with so many people now without homes, the need is immense. the county estimates around 4500 people now need shelter and government and nonprofit organizations are distributing aid and along with the need for basic supplies, a need to process the trauma. >> there's quite a bit of shock, how it happened where people were dying in cars, dying in their houses, having to jump into the ocean. what i tried to do is i try to listen, and some people like to
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talk a lot. some people don't like to talk at all. reporter: meanwhile the death toll is expected to rise. hundreds still remain missing. people here urged to submit dna swabs to help identify the remains. back to you. stuart: max gordon, thank you very much indeed. now to donate to the hawaii wild fire relief, you can visit redcross.org/foxforward. next, just look at this, i'm going to say this is kind of a scary video, a police officer in florida was exposed to fentanyl. take us through what happened. lauren: the officer was wearing protective gear and he was testing white powder found in a vehicle during a traffic stop. he felt lightheaded, he walked over to the other police car and he told him i don't feel well. his colleague then administered the narcan not once but twice. watch. >> i feel really dizzy. my heart's beating really fast.
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>> keep talking, man. >> i'm good. it was a white substance. i can't feel my legs and my hands are shaking. lauren: this shows the danger that anyone, including police face when prison is flooding our streamed. he touched the drug, he was around the drug, he didn't take the drug or try the drug. it's that dangerous. fentanyl. it's only getting stronger. stuart: extraordinary. thanks, lauren. lauren: yeah. stuart: back to the market and quick look at dow 30 as we like to say, you get a sense of the market. looks like one-third up, two-thirds down. the dow is up 17, 18 points. there's your lot. a hotel in up sate new york wants to welcome migrants with open arms. the owner said he's offered up his place to new york city but hasn't heard back. the hotel owner joins me next. ♪
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stuart: the biden administration's handling of the border is becoming a major issue on the campaign trail. about time. madison alworth with maine what are the candidates saying, madison? reporter: stuart, they're saying it's getting out of control. i mean, we see that firsthand here in new york city where just a weeking a, these were turf fields, turf soccer fields used by thousands of new york city kids and just one week later, these shelter that will house 2,000 migrants, it is nearly complete. the speed with which they built this has been just shocking. when you look at border crisis, it has made states and cities across the u.s. border cities as migrants flood the entire country. republican candidates for president facing that issue head on this weekend particularly focusing on the drugs coming across the border. florida governor ron desantis telling alexis mcadams he'd build a wall and put an end to the activity.
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>> we're going to use force against the mexican drug cartels and they're basically foreign terrorist organizations and they're killing tens of thousands of americans every year and yet people just let it happen. when i'm president, that stops if they try to break into our country with fentanyl, that'll be the last thing they do. they'll end up stone cold dead. reporter: both miami mayor francis suarez and vice president mike pence stood on the need to classify cartels as criminals and terrorists to address the problem. >> joe biden threw open the southern border of the united states and now millions of people are coming across and they're surviving roommating on both sides of the border. as president, we'll secure the southern border of the united states of america. i recognize as well that the cartels are international para military criminal organization. reporter: you know, this is something we've heard all candidates touch on president trump has talked about his success in the role and how he'd
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build the wall and democrats like rfk junior talking about this situation calling it unsustainable. locally i hear politicians, local elected officials on both sides of the aisle talking about how big of a problem it is here and you'll continue to see that problem as more come into our country. stuart. stuart: you got that right. thanks, madison. the owner of a quality inn in up state new york is near the canadian border and he's offering up his hotel to the migrants in new york city. gary is with us. first of all, gary, have you heard back from the mayor about your offer to house the migrants in your hotel? >> no, for months. stuart: okay. why do you want to put them in your hotel near the canadian border? >> i have a big occupancy -- small occupancy. i don't have a great occupancy. stuart: okay. so do you think you're going to make some money out of this because the city would pay you if they put their migrants in your hotel. >> yes, sir. stuart: are you in this to make
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money? >> certainly. stuart: i don't have any objection to that, i'm just wondering why on earth the city didn't get back to you. >> i have no idea. i've tried so many different ways. lobbyists, family members even, everybody. i can't get anything done. stuart: the migrant shelters that are being built on randall's island, i'm sure you know that in new york city, they're estimating that's going to cost $20 million a month, $10,000 per migrant per month. you'd like a piece of that money? >> yes. stuart: you know, when you do a tv interview, i've got to tell you, you arrange questions and expect your guest to sort of come through with some couple of sentences, you're killing me, here. >> okay. i'm not good at this. i apologize. stuart: you're a great guy. you're a great guy.
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i just want to know. you want the money, are you a humanitarian as well? >> i am a humanitarian, but that's not why i'm doing it. i can't claim that. stuart: okay, tell me again why you're doing it? >> money. stuart: if you filled up your hotel with migrants, would you make serious money? >> i would make money, i'm not so sure about how much i'd get paid. stuart: would it keep you in business? >> yes. stuart: would you go out of business if you can't get more clients? >> i'm not sure. could happen and i think it brings more workers to -- more money to the town as well. stuart: okay. we're going to have to leave it there. thanks for coming on the show, if you ever get any kind of response from new york city, you let us know and we'll put you back on and see what we can do for you. see if we can make you some money. >> thank you. i want money. stuart: one of the few honest men on this program.
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gary, thank you very much for being with us, sir. that was annie opener. >> thank you. i tried my best. stuart: the monday trivia question you should know this, americans, who was the 2 tennessee president of the united states, grover -- 22nd president of the united states? come on, folks. surely you know the answer to this one. ♪ -dad, what's with your toenail? -oh, that...? i'm not sure... -it's a nail fungus infection. -...that's gross! -it's nothing, really... -it's contagious. you can even spread it to other people. -mom, come here! -don't worry about it. it'll go away on its own! -no, it won't go away on its own. it's an infection. you need a prescription. nail fungus is a contagious infection.
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stuart: we asked who is the 22nd president of the united states and lauren cheated. stuart: i did not cheat but i think i know the answer. i think the answer is grover cleveland. lauren: to be honest i said woodward wilson but you are correct. stuart: grover cleveland 189 1895 - 1899 and 93 to 97 make it the 22nd and the 24th president. you should've known that, larry kudlow has donald trump this week on his show. "coast to coast" starts now. >> coming up on cavuto "coast to coast", the two front rotors for 2024 facing new legal troubles as voters try to figure out who can help them with the economic troubles. plus a devastating wildfire and now we leading to a lawsuit, who is getting the blame, that is

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