tv Varney Company FOX Business August 21, 2023 9:00am-10:00am EDT
9:00 am
against the market. that is typically a counter indicator with nobody sure is when you want to get short and when everybody short you want to get long in the tsi so we see how that plays out. cheryl: quick final thoughts. >> i think were looking forward to the debates on wednesday in looking forward to the economic plans that's what we think about right now. >> it's about the issues, what matters to americans, what matters to americans, cherise trump, michael lee, thank you very much, "varney & company" is up right now, good morning mr. varney. stuart: good morning cheryl and good morning, everyone we have a jampacked show, modest rally, a huge truck pulling win. it is a cbs news poll that puts trump 46 points above ron desantis, his lead is growing, gop voters do not appear concerned that trump's
9:01 am
indictments. with a lead like that, trump says he is not interested in wednesday's debate, president biden will break his vacation in california which has a disaster of its own to make a brief visit to maui then he goes back to lake tahoe to resume his vacation there is criticism of the presidents delayed in muted response, this week as the fed watches paradise as the annual bakers get together at jackson hole wyoming, the speculating what happens to interest rates, maybe the expected benign meeting, stocks are modestly higher this monday morning, doubt up 40, nasdaq 70, bitcoin where it was late last week, $26000.4 per coin. the rates have been creeping up a ten year shy of 4.0% in the two-year coming closer to 5% for
9:02 am
97 to be precise, on the show today, gop candidates prepping for the debate, the longshot, desperately trying for impact, everyone figured out what to you since trump will not be there, all of that richmond north of richmond has wrapped up to 85 million views, he gave a free concert north of carolina 8000 turned out, griff jenkins said, he said america is desperate for something positive. again. we will take you to southern california and nevada hit by drenching rain, if only they could retain the water. the good news here, the storm is now passing through quickly. monday august 21, 2023, "varney & company" is about to begin ♪ ♪.
9:03 am
stuart: they play this every time there is a debate or an election. >> are you criticizing the movie selection, the music selection? >> it's about to be deserted, sixth avenue in new york city, nothing there monday morning 9:00 o'clock, people don't work on monday morning in new york city, tuesday, wednesday, thursday something different. i think we've heard enough of the final countdown. the first republican primary debate hosted by fox two days away, who is in and who is out. >> these eight have met pulling and fundraising criteria and have signed the pledge to support the eventual nominee. you have vivek ramaswamy, desantis, haley, burgum, scott, chris christie, and mike pence. their focus is on the debate to chip away at trump's wide lead,
9:04 am
meanwhile francis were as, larry elder. johnson, they have until tonight, 9:00 p.m. eastern to qualify it only gets more difficult to qualify because debate number two hosted by fox business, will have to for criteria. stuart: thank you. a new poll shows trump is gaining more ground, a cbs news poll and it puts trump 46 points ahead of second-place, governor desantis, brian brenberg with me now, the first debate wednesday, trump is awkward to be the, what kind of strategy do you think the other guys. >> the field is clear for these guys, i would rather see trump's there i want everybody debating but if he is not there all of a sudden you have oxygen in the room again and it's time for some of the candidates to make a splash, make a point, make your own case we have not seen that moment from desantis i don't know if we've seen that moment from scott, these guys have to do something to elevate their
9:05 am
game, for them this is good is our moment without trump taking all the air out of the room maybe they could have a moment. >> may be some of them can have a moment i'm sure they're planning there is no opening statement it's like one minute to answer each question with a thirty second follow-up, it is rapidfire it has to be because there's so many candidates on the debate. >> you have to win on this field down is a good way to do it without trump in the room, window let down, you can't say the same old thing, you have to make your case and do it quickly, undoubtedly they're all practicing for it, this is it. stuart: all make a prediction, one of the gop candidates will harness richmond north of richmond and get that message through to the audience, but that happens, moving on nbc of all people going after biden for poor messaging and is 2024 campaign. that's a real switch. >> i think biden has three issues were his not figured out what to say, one obviously the
9:06 am
question about hunter biden his son and what to say about the investigation to the donald trump in the third about his age those are three massive issues that are clouding his reelection campaign it is not figured out what to say. it's taken a huge toll. his numbers are click hilary clinton 16 and biden 20, the democrat party things that biden is the safe play and hope for the best will get to the next 14 months, i'm not so sure that that is it. stuart: biden used to get blanket positive coverage no matter what, now there is cracks appearing in the media wall. >> no matter what, he's taken an inbig time. i was thought they wanted him to be the nominee in 2024 but when you see coverage, they are going after him, he does not have answers on any of the things that people care about right now, that's really what they said in the clip, especially the economy, bidenomics has been a
9:07 am
flat failure and i don't think you be able to resurrect that. stuart: i think the democrats know he's unlikely to be ele elected. >> that, yes, the 46% lead for trump i think they're clinging to that, you know the democrats think trump is only guy that biden can beat. i think that is his saving grace, if they think trump is a nominee maybe that's what gets biden. i think trump can be biden but that's not the democrats view. stuart: fascinating politics. we will be following it on the big money show at 1:00 p.m. eastern on fox business. thank you for being with us this morning. vivek ramaswamy was asked if he would consider to be vice president. what did he say. >> he said is not a second place kind of guy. >> i've been very clear, i'm not interested in a different position in the government,
9:08 am
frankly i drive change to the private sector suited to becoming an average or number three in the federal government. >> are you saying you would turn it down if offered. >> i am. the reason why if this were my quest for personal power, that makes sense but that's not what this is about this is about reviving rbc national identity reaching the next generation of americans were badly disaffected from politics. >> he said he thought about waiting it out and waiting till his kids are grown up but he doesn't think the country has 20 years left if he does not act and win now. do you believe him? do let's say trump is the nominee that the thick ramaswamy would turn gabby vice president to donald trump? stuart: he would probably say yes that's after the debate. >> is 38 he has his whole political career ahead of him. stuart: do you think he will win. >> it's too early on to no. glenn youngkin might come in and
9:09 am
the end and be a candidate. we have no idea. stuart: jessica sitting right next to you, will vivek ramaswamy when. >> i h love this guy, he's inspiring, he has solutions, he's a breath of fresh air, i would love to see it. would you love to see him when. >> yes i would love to see him win, it is a hard decision but what he is talking about, nobody else is talking about which has inspired me anti-sitting social media like crazy, you cannot pick up your phone without seeing him on social media. stuart: anywhere anytime anywhere. monday morning a modest rally on wall street at the opening bell that is not much of a rally but it is a rally i want to talk nvidia they report wednesday the new big tech and i think the stock is up this morning, it is ten points higher this morning what do you think about this.
9:10 am
>> nvidia has been a great stock, if you bought nvidia on the ipo for every thousand dollars that you put into nvidia you have a million dollars this is a great stock through the generations. what i would say if you look at what it's trading for and you do a side-by-side comparison between nvidia and apple, nvidia been a trillion dollar company it is significantly more expensive than even apple so coming into earnings on wednesday, would investors have to be aware of, last week was a bonanza of positive news for nvidia all the analyst reports, they were all raising price target, one thing i've learned in 30 years of investing in this market, everybody in the world is positive on something that's when you need to get negative in judy to be cautious it would be
9:11 am
very aware that they may disappoint people tomorrow. stuart: how did you invest in real estate, i asked the question because real estate is a depressed area at this moment it'd occurs if you can find the right stock in a depressed industry, yosemite to look forward to in the future if there's a rebound, reits, real estate investment trust. >> real estate as i said on the show before, i like owning dirt, when you invest and build estate directly which is my preferred way to invest your taking on a lot more risk and giving up liquidity. when you invest in real estate investment trust, what you're doing is spreading the risk, diversifying your risk and participating in the sector. stuart: is there such a thing of real estate investment trust that invest in apartment buildings, that's a real problem in america. >> the cream of the crop is avalon bay that is one of the bigger apartment rates, what i see, real estate is getting the
9:12 am
worst press i've ever seen in the history of investing in this, just like we said with nvidia, when the getting too much good press, the time to buy something is when everyone hates it, now everyone hates it. stuart: jeff sica. former u.s. trade robert lighthizer set a stern warning about china, watch this. >> i would say they are a very dangerous adversary, i think it's always important that we start talking about china to get in place that they are in accidental threat to our way of life. stuart: existential threat, kt mcfarland will join us later on china's growing threat. what liability does hawaii electric have for hawaii fires, there's questions of reports that a local official delayed the release of water because of water equity, we are going to report on that next. ♪
9:13 am
9:14 am
from big cities, to small towns, and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. they're where we put down roots, and where together, we work to help move everyone's financial goals forward. pnc bank. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first.
9:15 am
9:16 am
9:17 am
stuart: president biden heads to maui today edward lawrence at the white house, what will the president do today. >> the president is going to think first responders and meet with survivors and get a possible update on a possible cause of the wildfires, four years ago white electric had a report that was put out to they need to do more work on maintenance so the equipment did not spark a clean energy journalist went farther than that. listen. >> the main event is that the hawaiian electric company spent less than a quarter million dollars a year maintained the area around the electrical wires
9:18 am
while they were spending tens of hundreds of millions of dollars on renewables over the last couple of decades. >> the official cause of the fire has not been determined in a statement the president of hawaiian electric says facts about this will continue to evolve and while we may not have answers for some time, we are committed to working with many others to find out what happened as we continue to urgently focus on now is restoration and rebuilding efforts, and fighting the wildfire, water bottle in hawaii, governor josh green lifted restrictions on firefighters using streams and reassigned a water official presidential hopeful vivek ramaswamy as wildfires rage, desperate residents petition state officials to spend more water for fighting the wildfires to help protect the property from fire, that request went unanswered for hours with only critical aid to islanders, he added that the person in charge of the water acts as a climate activist, republican congressman jerry carter went farther.
9:19 am
>> if i was the president i would get the guy that took 48 hours to get permission to pump water out of the creek to put a fire out, that the guy i would be going to see and i would've been the day one not a week later. >> the president leads into a half hours from lake tahoe from his vacation to go to maui, he spent a couple hours on the ground and goes back to lake tahoe to continue his vacation and comes back here to the white house on saturday. stuart: think you, the governor of hawaii josh green says climate change was to blame for human error. watch this. >> are you saying that climate change amplified the cost of human error? >> yes it did there is always going to be decisions that are made that i'm sure are not perfect in the moment but when you have fire that moved more than a mile a minute and what
9:20 am
happened i'm told from some of the survivors they were at the fire put out late in the afternoon in lahaina and the firefighters had to go to three other fires that started because of the conditions. stuart: let's bring in stephen moore i need further commentary, we just got this report about delayed water to fend off the fire because of water equity concerns, what is going on steve? >> this is a major major sca scandal, americans have to know the truth of what happened in hawaii. it was not climate change that made these fires much worse and much more deadly, it was climate change fanaticism. as you just reported in the little segment, the utility had been warning for years that there was good to be real danger of wildfires in destroying homes
9:21 am
and becoming fatal if action was not taken. what happened they spent to enter $50000 on that and they spent tens of millions of dollars on solar panel and wind. their attention was completely diverted from what was the priority, making sure that the forest fires would be averted in the climate change fanatic said don't worry about that, move towards renewable energy, this is a good example of how dangerous the climate change movement has become. it's become a religion and they've taken the eye off the ball of maintaining public safety as happened in hawaii. stuart: i wonder how president biden will handle this one is on now we today in the water equity and what have you, he is a position on that how will he respond that is an open question at this point. >> good point, he hasn't even
9:22 am
addressed the question about water equity, why can't everyone have access to water, this is quite a scandal, the left is trying to say as if they were never wind problems and he problems and fire problems in the history of hawaii, this is an island with high winds in maui and you better be prepared for, the idea that there is never been a natural disaster, the fabrication of the truth, they say the same thing about hurricanes on the east coast. stuart: they do indeed, thank you for being with us on a monday morning, we will see you again soon. lauren, i'm curious what is the reaction to president biden's handling of the fires. >> it's been pretty critical, watch here. >> you don't have nothing to say about people losing their lives and people losing their homes, what kind of president is he. >> i think he could've done more but he did as much as he could
9:23 am
for what he had. >> you said no, that's telling me you don't care or you did not have nothing were playing for something that would happen like this. >> he campaigned as being the emphasize her and chief and he consistently has slow to react or not react at all to disasters. stuart: we will have more later in the show but there putting a $550 billion towards updating infrastructure, i believe the plan has a big problem, what is the problem, hold it up. >> $550 billion up for grabs to spend but a trade group said were 500,000 construction workers short, you have the money but you don't have the money to build what you need to build the money governors looking at trading prisoners to do some of the work. stuart: what? is that desperate. >> yes train them from jail to climb up on the towers and do what is necessary.
9:24 am
9:25 am
the virus that causes shingles is sleeping... in 99% of people over 50. it's lying dormant, waiting... and could reactivate. shingles strikes as a painful, blistering rash that can last for weeks. and it could wake at any time. think you're not at risk for shingles? it's time to wake up. because shingles could wake up in you. if you're over 50, talk to your doctor or pharmacist about shingles prevention.
9:26 am
welcome to the place where people go to learn about their medicare options before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. now's the time to plan ahead. learn about an aarp medicare supplement insurance plan from unitedhealthcare... and how a plan like this helps you take charge of your health care with lower out-of-pocket costs. here's why... medicare alone doesn't pay for everything. your deductibles and copays could add up to hundreds, even thousands of dollars a year. everyone's a little surprised to learn that one. adding a medicare supplement plan helps pay some of what medicare doesn't. and that could mean fewer surprises and more predictable out-of-pocket costs. call unitedhealthcare and ask for your free decision guide. or talk with a licensed insurance agent or producer
9:27 am
to learn more about plan benefits, options and rates. medicare supplement plans let you choose any doctor, any specialist, anywhere in the us who accepts medicare patients. you don't have to deal with any networks or referrals. this kind of plan also goes with you anywhere you travel in the country. if you're turning 65 soon or over 65 and planning to retire... find out more about the only medicare supplement plans endorsed by aarp. thumbs up to that! remember, the time to prepare is before you go on medicare! don't wait. get started today. take charge of your health care. call unitedhealthcare for your free decision guide and learn more about lowering your out-of-pocket medicare costs and seeing any doctor who accepts medicare patients. oh, and happy birthday... or retirement... in advance.
9:28 am
stuart: a modest rally this monday morning, the nasdaq up maybe 50 points, ryan payne with us today, you say it's time to buy old tech rather than new tech, ibm and cisco. >> cisco was the darling of the late '90s, funny and off it's getting back to the high from 1999. it is a long road. stuart: they make telecom equipment old-school routers, physical the things that build the internet on the backbone, they've cut costs dramatically in the trading 14 times forward earnings, 3% dividend which is very attractive and growing $5 billion a year end stock buybacks, a good time to buy it, nvidia on the other side of the equation 50 times earnings of
9:29 am
200% tissue, i think a lot of these tech stocks are a little overdone. stuart: you would buy cisco at this point, is it okay to buy, but she would sell nvidia because it's too expensive. >> exactly right, this evaluation has gotten overvalued at this point that you really gotta get rid of the new school tech by the old-school tech. stuart: nvidia is it worth 55 times the amount of money in the profit that is going to make in the future. >> that is right is a huge premium to what is traded for in the past, earnings come out this week everybody's excited, the optimism to become so, so great that they could only disappoint from here. stuart: you would not touch it? a 10-foot pole? you would not have your client. >> a diverse portfolio it's probably somewhere but if you look at most people, the overweighted in the tech stocks in my view broad not your exposure, huge run, tech with
9:30 am
the about the places in a much valuation for the long-term. stuart: is nvidia wanted the magnificent seven, the stocks with nvidia number seven. >> that's exactly right, they are so overdone with evaluation and s&p 500 you're basically buying the seven stocks are called tech fund a drag, not the best place to put your money you not get intruder into diversification. stuart: we hear from you frequently, it was good to hear from you today. the opening bell it will ring any moment. a gentleman with a young child, several young children at the nasdaq, which one is going to press the button, one of them is, will the be the child, come on press the button, but the child do it, they've open the market, up and running, not that much change, on this monday morning you're not seeing that much price action i'm not sure the trading volume is down for
9:31 am
the summer, that is usually the case. >> its light volume, everyone have a good time trading stocks. stuart: we have opened up in the dow is up nine points, the s&p 500 up a quarter percent, 12 points in the nasdaq composite is also higher to the tune of .4%, not that bad, i presume big tech will do fairly well, microsoft at the top doing well, amazon, apple, alphabet up but meta is down $285 a share, i believe we have some news on apple, specifically leaks about the new iphone 15, do you have anything on this. >> apple is rumored to give at least three of the new iphone 15 and the thunder bolt connector instead of the lightning, that is a huge upgrade, superfast data transfer and superfast charging as well because android, i don't have an
9:32 am
android. stuart: that is considered important. everything to be fast, fast, fast. stuart: 174, a.i. and nvidia were to talk about that,. >> hsbc lifted their target is evident in $85 the second highest on wall street here's why, demand for artificial intelligence chips will exceed supply of them through 2025, they think the good times continue. nvidia earnings and ryan was talking about this a little bit, there's going to be a test for not only a.i. demand but the tech rally overall this is been a leader, 700 billion in market evaluation just for nvidia this year end the stock has tripled, wall street bullishness is at a fever pitch, what if netflix doesn't deliver to the superhigh expectation were expecting the
9:33 am
prophet to go 307% year-over-year, the revenue to grow 67% year-over-year and 11 plus billion dollar sales quarter. stuart: if it doesn't make you all hell breaks loose, if it exceeds all hell breaks enter breaks loose. >> which side will they be on and what happens if it's just in line. stuart: i what is the palo alto networks, another reported friday, it must've been a good report, strata. >> remember that reading from fort net businesses were pulling back on cybersecurity despite average weekly cyber attacks beat up 8% on the quarter, it turns out businesses prefer the larger players like palo alto because it's a one-stop shop for a variety of cybersecurity solutions. the quarterly revenue rose 26% and the increase in full-year forecast, the stock is up almost 14% as at least 14 brokerages increase the price target.
9:34 am
stuart: that was the darling of one of our guest deeann eyes, he was right all along it took a hit. meta ramping up. >> the wall street journal is reported to have a desktop version of threads available earlier this week, they launched a few weeks ago from mobile phone, it was a smash hit out of the gate out of the peak 50 million daily active users but now less than 10 million today. stuart: 50 million to 10 m 10 million. >> now they're putting it on depth into desktops hoping to get that number up again. stuart: x has 230 million daily active, it's a big difference. tesla in the green today, two-point whatever it is, do we have any pictures of the cyber truck. >> we do from a glacier in iceland thought to be a
9:35 am
promotion, an advertisement for the tesla cyber truck that could becoming the end of next month, it could be this quarter and looking for a different looking vehicle i've been seeing vivian lately and i love it. it's a major catalyst, tesla is up 3% and it's been down six days in a row down 20% in august. some of the other price targets here, a.i. day, wider adoption of self driving they think tesla is going to $300 a share which is up 39% from their friday close. stuart: a strange looking vehicle, very strange, just under different. , it's growing on me i been here to better for quite some time musk has been late to deliver. stuart: disney, did they close their themepark because of rain. >> enclosed early 10:00 p.m. sunday. the hotel stayed open obviously.
9:36 am
this is the first tropical storm warning and 84 years. in southern california. stuart: disney still data $86 a share. thank you very much, checked the big board, five and a half minutes worth of business under our belt, the dow is up 50 points, 34550, the dow winners, give me the list, it is salesforce, cisco's that come american express, visa, microsoft is on the list, s&p 500 watch that list, palo alto, now up 14.8% that's again and a half, and video is doing well, tesla 3% in genera the applicant on a run. nasdaq winners, show me the list, palo alto, crowdstrike, and tesla on the list, the ten year treasury yield last time it was well over four and a quarter percent, closing in on 430 look at it 4.319%, the price of gold,
9:37 am
$1922 per ounce, bitcoin barely holding $26000, 26053, oil moving up a little bit, even 8186, nat gas hardly moved to 62. in the price of gasoline unchanged $3.86. diesel no change 434 on average. coming up all kinds of stuff for you on this program. we have thousands of tender country star oliver anthony free concert in north carolina over the weekend, griff jenkins caught up with the overnight sensation, listen to what he hopes comes from his music. roll it. >> i just want to go back to the woods honestly. what i really want the bigger scheme of things is just people to start appreciating each other for human beings and look beyond political differences and ideologies.
9:38 am
stuart: oliver anthony has "window into the lives and feelings of people that you don't hear much from. that will be my ticket the 11:0. a judge in new jersey temporarily block school districts from notifying parents as transgender, parents notified if a child is sick or doing badly in school, why wouldn't parents be notified for something like this. doc siegel takes it on next. ♪
9:41 am
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
9:42 am
9:43 am
jersey is telling schools who want to alert parents if the child changes their gender identity. eric shawn joined me now, let me straighten out where we are, at this moment teachers do not have to tell parents about this kind of thing. >> that is absolutely right, for now three new jersey school districts will not tell parents if their children as young as five years old, they want to change their gender or seek a different gender expression, the school district decided that parents should be told if the child expresses a different gender, pronounce or uses another genders bathroom, the state attorney general sued claimant parental notification would wrongly out transgender students and he says cause irreversible harm, the judge agreed with that and issued a temporary injunction with the kids parents and they have a legal right. this is not about outing
9:44 am
students at the with a discussion with the school guidance counselor or teacher and our policies in middletown said if you want to change a formal student record or use a different restroom or play out a different team other than your biological sex then we would notify your parents. >> lgbtq group say there been protest about this about the schools and attorney general says the state is not targeting parental rights all our lawsuits seek to do is reinstate the same policies, these districts found acceptable with little protest for years. in the district's lawyer say it could take several years before there is a final ruling on notifying parents or not if that is adopted. they say they're working on other ways to appeal and to get around this injection.
9:45 am
stuart: thank you very much indeed, doctor marc siegel is with me this morning. if parents are called in for child is sick, why would parents not be cultures of elected. >> very disturbing, washington state you don't even have to inform your parents if you're doing certain gender reassignment surgery or treatments and governor murphy is undressing to a state, if you identify in new jersey for certain procedures that you cannot get another states, twice as many children are now identified as transgender as a decade ago. the point, where is the pressure on kids coming from and be, what about the risks of whatever treatment they decide to have which have been studied long-term, what about the psychological profile, for me mental health is the same thing
9:46 am
as physical health. i'm going to be informing. , schools or to be informing parents advocate has a cold or a fever if you think they have coded they get janice into home, this could easily have a psychological overlay and often does and parents aren't told, i think, i'm very old-fashioned i think the school is supposed to be an extension of the parent, otherwise biblically i'm handing over my child to the school as an extension of my own responsibility to educate my child, i cannot be cut out of the equation that is disrupting families and of course families need to know about things like this. stuart: a bigger picture and appoint a principal should children be allowed to get gender reassignment surgery before the age of 18? >> i don't think so i think the data is for later and again, kids can change their mind allotted gender dysphoria occurs early and it reverses top
9:47 am
surgery, so-called top surgery is legal in a lot of areas and it's a mistake for children. i definitely don't think this should be done at all before the age of 18. stuart: we have a new study and it found a number of young people diagnosed with cancer spiked in the last decade. is there a specific reason for this? >> yes, there is. it is disturbing because it's 2010 - 2019, they open the study. it looks at half a million people and here's what's most disturbing this is pre-pandemic in the numbers are only going to increase especially g.i. cancers like colon cancer and breast cancer, especially colon cancer, why is this, because increase of obesity, poor diet, problems with sanitary behavior and also more mutations going on, this is something we can control by lifestyle to some extent were
9:48 am
also screening more so that's the good side but we can reverse this trend by basically exercising more and the other thing that is huge is sleep, if you sleep more, believe it or not and you destress by watching stuart varney, you're much less likely to have a problem like this. stuart: i'll take the complement but sense when distressing is watching me, great stuff, will see you again real soon. there is a new covid variant, what do we know. >> is called ba.2 86, remember it and might be more transmissible but fortunately does not appear more dangerous at least not yet. >> i talked to a number of virologist you are pretty concerned about this, the concern when you look at the different strains that a bit identified the genetically very similar, that is probably spreading simultaneously in multiple countries, whether or not this is good to be more transmissible and what we seen before, that is a key question,
9:49 am
the testing is underway and will know a lot more in a week or two this variant is different from omicron which was the original strain from wuhan this is a highly mutated variant. >> here we go again, right now to dominant strains, not the new one that doctor scott gottlieb was talking about, the booster that comes out next month work against the current to dominant strains, we do not know if they work against the new string. it is highly butane. here we go again. stuart: i wonder how any people will get another covid shot. >> people with pre-existing conditions will. but you want to make sure the booster you're getting targets the current strain. stuart: thank you, august has been a painful reminder of the growing problem of bidens age, his response to the maui tragedy is one reason to question his ability to do the job for another six years, that is my take, top of the next hour. republicans are getting ready to take the stage of milwaukee for the first debate we have the full story after this.
9:52 am
wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. here's why you should switch fro to duckduckgo on all your device duckduckgo comes with a built in engine like google, but it's pri
9:53 am
and doesn't spy on your searches and duckduckgo lets you browse like chrome, but it blocks cooki and creepy ads that follow you a from google and other companies. and there's no catch. it's free. we make money from ads, but they don't follow you around showing the millions of people taking back their privacy by downloading duckduckgo on all your devices today. i suffer with psoriatic arthritis and psoriasis. i was on a journey for a really long time showing the millions of people taking back their privacy to find some relief. cosentyx works for me. cosentyx helps real people get real relief from the symptoms of psoriatic arthritis or psoriasis. serious allergic reactions and an increased risk of infections or lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx.
9:54 am
stuart: we are two days from the first gop primary debate and peter doocy joins us. we know how the republicans are preparing. how about biden and the democrats? >> the biden team is telling us they hope to speak to appeal to black and hispanic voters specifically those in seven battleground states, arizona, georgia, michigan, nevada, pennsylvania and wisconsin in there putting out this ad. >> he believes our best days are ahead because he believes in the american people. >> those who bet against american money, how wrong they are. >> the biden campaign manager julie chavez rodriguez is a the 2024 republic primary is a race for the maga base not an effort to earn the support of the voters they will need to win in november 2024 in our campaign will make the stark contrast in the important choice before voters very clear. the most basic fundamental of any reelection campaign, the
9:55 am
condition of the economy, only 20% are saying excellent or good in the latest fox news poll, 80% say it's only fair or poor, despite positive economic news lately people are not feeling it and as biden campaign with sarah gets fanning out trying to convince people the economy is not really that bad. >> the economy is getting better, remember a few weeks ago we were anticipating a few weeks ago a terrible recession that has not happened, i think that is indication of the string of the biden demonstration policies. >> this been an update to the president's public schedule, his vacation has been extended, they initially told us he's going to come back on thursday but now he will be in lake tahoe until saturday, very late at night we know he staying at the billionaire climate activist tom steyer's house, they say the biden family is paying fair market value for the state. stuart: peter doocy at the white
9:56 am
house, thank you. check the markets, the dow industrial down 40 points, the nasdaq a solid gain of a hundred and eight, where is the ten year treasury, keeps on getting closer and closer to well over 4.3%, gold not much action, 1980 per ounce, but quite on the cusp of 26041. oil going up a little bit, you look at $81 a barrel, nat gas does not count that much these days, 261 and still ahead here's what we have. we are going to show you will cain swimming nearly 4 miles in the hudson river, he swam in the big navy event, he's here to tell us all about it, kt mcfarland on the threat china poses, joe concha reacts to fox in her interview oliver anthony and corey deangelis takes on why democrats don't like school choice, the 10:00 o'clock hour is next.
9:58 am
- they get it. they know how it works. and more importantly, it works for them. - i don't have any anxiety about money anymore. - i don't have to worry about a mortgage payment every month. - it allowed me to live in my home and not have to make payments. - linda, dinah, joanne, very different people, but they do have a couple of things in common. they love their home and they know their stuff. they all talked about the counseling they got so they knew how reverse mortgage worked and how it could be a real financial solution for their retirement. - [advertiser] if you are 62 or older and own your home, find out how you could access your home's equity to give you cash now and when you need it in the future. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments, paying off higher interest credit cards, and covering medical costs.
9:59 am
- a person like me needed to get a reverse mortgage. it changed my life, it was the best thing i've ever done. - [tom selleck] really? - yes! without a doubt! - just like these folks, medical costs, and give you some extra cash aag can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. they also know they can pay it back whenever it works for 'em. from a reverse mortgage loan for a better retirement. - it's a good thing. from a reverse mortgage loan for a better retirement. - [advertiser] call right now to receive your free no obligation info kit. the kit will show you how you could get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - i've been with aag for quite a while now. i think they're the real deal. - call the number on your screen. so look, why don't you get the facts, like these folks did, and see if a reverse mortgage could work for you? - [advertiser] call aag, the country's #1 reverse mortgage lender. - call the number on your screen.
10:00 am
69 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on