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tv   Varney Company  FOX Business  August 30, 2023 11:00am-12:00pm EDT

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n info kit. the kit will show you how you may get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - look, why don't you call aag and find out what a reverse mortgage can mean for you? - [announcer] call aag, the country's number one reverse mortgage lender. - call the number on your screen. >> it's time to buy on the dips. we've had a tremendous runup. i'm not sure that we're not going to get another opportunity to buy this dip. i don't think this dip is quite done yet but, yes, it is an opportunity, for sure, with the big tech names. >> we're dealing with a rather frozen real estate market right now. people are trying to get deals done quickly because there's not a lot of deals out there. and i think consumers, home buyers in particular, really
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have to start looking at the new home market as well. >> it's a coin-flip election at this point, and that's before the democratic machine and their allies in the media go hammer and tongs after the president. are republicans at this point, who are you going to put out there you can actually have confidence in? it's just a coin flip right now, that actually means republicans are running behind. >> the president looks increasingly frail, most americans don't think he should be running. if he's like this now, whats' he going to be like -- what's he going to be like four years from now? ♪ when i met you in the summer to my heartbeat sound. ♪ we fell in love -- stuart: all right, everyone, good morning. it is 11:00 eastern time on this wednesday, the 30th of august. hurricane idalia battering florida. it has weakened now to a cat one storm. there you have it, look at it on the map, that's where it is. check the market markets, please. a mixed picture emerging.
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the dow industrials on the upside to the tune of 38 points. that is a damage up 60, s&p -- nasdaq up 60, s&p up 13. show me big tech, they're all up except amazon and meta, which are down. apple up $2 at is -- 18 of -- 186. the 10-year treasury yield at 4.10. that's the markets on a wednesday morning and now this. in the 1990s, the government went after microsoft, called it a monopoly and put restrictions on its business that set it back a decade can. the government had put a big tech player on the sidelines. we should is have learned from that mistake, but we didn't. the crown jewels of american business are under attack again. just as we need their money and expertise to develop artificial intelligence. let's call hem the big five, apple, microsoft, alphabet, meta, amazon. politicians on the left and some
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on the right want to break them up. they're so big and powerful, if they're stifling competition theen engaging in predatory pricing, exploiting smaller companies, censoring our politics, okay, a lot of that is accurate. but don't throw the baby out with the bath water. another cliche for you, don't cut off your nose to spite your face. it may feel good to rail against the big, bad corporation, but we need these companies, and we need them now. if a.i. is indeed the big game-changer, then we need the big and powerful on our side. and the only companies that have the technical and financial resources, they're the big five. the global competition has started. america apparently leads. europe, as usual, trails. china is playing desperate catch-up. now on september the 13th, senate leader schumer will host a closed door meeting with big tech leaders including sundar pichai and microsoft's satya nadella.
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elon musk will be in there too. the meeting will try to figure out the rules for a.i. development. that's good. figure out how to support america's a.i. effort, don't attack the crown jewels of american business. third hour of "varney" starts now. ♪ ♪ stuart: kevin o'leary, the man himself, is with me and sitting right next to to me in new york. did you know this is the first time we've ever met a taste to face? >> you're right. very excited, stuart. stuart: extraordinary, isn't it? are you with me in don't attack america's crown jewelsesome. >> i remember it when the internet was born. in the end, the way to look at this, it's just another tool. and i'm very, very optimistic that this particular tool will enhance productivity in america in remarkable ways. i was talking to an insurance executive last week, and he
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estimates that he can cut his costs just in the sales process and this in insurance products world wild by 30 cruising a -- using a very specific a.i. just in his industry. all 11 sectors, why would you put any kind of a harness on this in in the best regulator for a.i. is the market itself. it's so expensive that you need massive capital to make this move forward. stuart: are you, would you be comfortable putting money into an a.i. play now even at these lofty levels in. >> i've taken a different approach learning again from the internet. you know, go back to the gold rush. guys that made the real money showed the jeans and and picks and shovels, and right now that's nvidia. and with nvidia i was one of the early investors because there was no a.i. without those boards. people think it's just semiconductors. no, they actually build platforms. that's liquidity, can they actually make money.
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the majority of a.i. plays right now mt. venture community where billions are pouring into, only a year ago it was web 3. now the hot new ticket and venture is a.i., but nobody's making any money. so you have to bet on all kinds of different players. meanwhile, back for the guys shelling the picks and shovels, that's nvidia. i'll go there. stuart: you own some nvidia. there was a dip, would you buy some more? >> i'm having a hard time with the valuation right now, i really am. it was part of a portfolio betting on semiconductors being the narrative, and i captured it in that play. it, of course, outperformed everything else. stuart: you made a big splash recently talking about the interest rates. you suggested that if this rise in rates continues into the fall, the banks would have a lot of trouble. you still hold that view? >> i do, and i'll tell you why. primarily, if you look at the holdings of second tier, third tier commercial real estate, most of it's held in regional
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banks of which there are around 4100. they have as much as 40% on their balance sheet. large banks, the mega caps, they have 20 percent, so they're going possible able to survive is9ment. this debt rolls starting in about 30 months, so we should get ahead of this because the real side effect is small businesses, which represent 60 percent of our actual economy's employment, can't get loans anymore because these banks are being squeezed by the regulators to increase liquidity, so they're shutting down their loan books. that's why i've been arguing so hard on the hill, going to see anybody who'll listen to me, let's do some support for small business. you wrote a trillion dollars for the s&p 500 with the inflation reduction act and small business act, nothing for this. this is crazy, where 60% of the jobs come from. stuart: you've got to be worried about real estate or bearing in mind what's happening to interest rates, and zillow's put out a report suggesting that real estate prices, home prices will go up another 6.5% from where they are now by next july.
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enter well, they're right because of this occurrence. we have now learned after the pandemic e, we've had enough time, that 40% of the work force is not coming back. they're moving to where they can get a better deal, better lifestyle, better safety and security. look at san francisco, it's a war zone. people move away are from there. and they're buying homes that heir going to live and work out of. that's a significant portion of the economy. so it's buoying residential real estate, not so much commercial. here in new york 20% of the office space just outside of here are empty, particularly the b grade and c grade buildings. you can't lease those out. so it's a shift in the demand. stuart: all right. i believe you've agreed to stay on the set for at least a half an hour, is that -- >> i'm really excited about it. stuart: so you're not leaving yet? >> well, it's great to be back. and the first time to work with you directly are, amazing. stuart: it's a shame you live in miami -- >> isn't it terrible? stuart: naples is where it's at. >> i'm pretty happy there, i'm pretty happy.
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stuart: all right, kevin, see you in a moment. white house press secretary karine jean-pierre tried to downplay concerns about president's age. watch. >> it is the hard for us to keep up with this president who is constantly, constantly working every day to get things done and is making sure that we are delivering for the american people. and that's what -- and i think that's what a matters. stuart: you know, guy benson joins me now. that was not a strong response about the president and his problems with his age. what is it, 77% of adults think he should not run for a second term. why can't they just -- what are they going to do about? ? -- about this? the cognitive decline is irreversible. what are they going to do? >> no one believes what she just said. no one actually believes that the9 white house staff comprised of much younger people for the most part every day are scrambling, trying to keep up with joe biden. he has spent much of his time this summer on vacation, his is
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schedule is exceptionally light for a president. don't preend tend like something's happening that we can all see isn't. joe biden likes to say watch me when he gets these questions. i think the problem is we are watching him, and we see what we see, and the numbers are what they are as you just reference ared. i'm typically not terribly sympathetic toward karine jean-pierre, i think she's particularly bad at the job. she's slow on her feet, refers almost every question to someone else. but on this one, i do feel bad for her because i don't know what else she's supposed to say. the public sees the president in action or, frankly, not in action. the numbers are really upside down on the age question. and she's going to getted asked a version of this question every other day basically for the next year and a half, and maybe they can workshop something a little bit better than that, but they don't have a lot to work with. stuart: no. and the problem is that very few people believe that this president is capable of being president for another six years. so my question is, what are we
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going to do about this? can can he be shipped to the side? if we do that, then we've got president harris. >> that's a question for the democrats, is the person they want to charge into the election behind again? and for now it seems like the answer is, yes. on the republican side of the aisle, i think you will see a significant focus on the vice president. we've seen this from nikki haley, for example, really raising the specter of kamala harris as president of the united states. joe biden's approval numbers and favorability numbers are poor, hers are worse. i think that's well earned. i think people don't believe that she would be an adequate commander in chief, leapt9 alone someone who would do a very good job. i think sowing those doubts is not just reasonable, it's a necessity for the republicans. malpractice not to mention both of these factors, frankly. stuart: got it. guy benson, much appreciated. >> you bet. stuart: some individual is stocks in the news, jetblue is
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down 1%. the story? lauren: yeah. the airlines are lower because 936 flights have been canceled after idalia, the most with southwest, 216. delta, 155. so cancellations and delays. stuart: sun run. lauren: that is the largest installer of residential solar panels, and they just got an upgrade at citi to a buy. stock's at $15.88 after a near 5% gain, but citi says their $21 price target is conservative for company that's lost a thursday of its value this year. they think it's gaining market share and they like the stock. stuart: how's jack daniel's doing? their maker is brown forman. lauren: when the economy's tough, people drink. or so i thought. but their quarter quarterly profits and sales disappointed. net sales were down 8%. jack daniel's, their whiskey sales, were flat. and they said as people -- this is a quote -- battle the higher cost of living, they're not
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buying as much booze. stuart: what do you say to that, kevin o'leary? >> they are buying canned beverages, premade cocktails, not hard liquor. i'm in this business, we're seeing this trend ourself. stuart: you're in the wine business? >> i am. stuart: so am i, and we're seeing a significant decline especially amongst youngsters. >> at the lower price points, under $14, we're seeing an increase. stuart: not bad. a california mom just got $100,000 in a settlement with a school district. she claimed they social arely transitioned her daughter -- socially transitioned her daughter without her consent. parents starting to fight back. we've got the story. chicago police stations being used as makeshift shelters for migrants flooding into the city. police say they should not have to babysit these migrants. the full report from chicago coming up. would you trust chatgpt to give you a medical diagnosis? a new study says a.i. is only 72
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accurate. dr. siegel is going to tell us if he are trusts a.i. to help with his decision making. he's next. ♪ 'cuz i know what's ailing me. ♪ i don't need no doctor, no, no ♪
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stuart: narcan is being shipped out to pharmacies across the country. it'll now be available over the counter. bryan llenas with us, he's outside a cvs in new york, actually. bryan, some critics this creates a safety net for drug users. what do you say? >> stuart, that's true, and that's part of the dilemma. the developer was saying the
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over the counter narcan means greater access and awareness to a life-saving drug, and today marks the first time that several hundred thousand doses of naloxone or narcan are being shipped, and major pharmacies tell us that this nasal spray that reverses the opioid overdoses of fentanyl foys son us -- poisonings will be available at stores as soon as the beginning of this weekend. and especially at cvs and walmart, they're saying it'll be available weekend. ing walgreens will have it available even at the front registers beginning september 5th. rite said is says in -- rite aid tells us early september. a box of two doses will cost $45. pharmacies have even released tutorial videos about how to add manufacture the spray during an opioid or fentanyl overdose or poisoning. advocates say the expanded access means people can buy this spray if without worrying about being judged.
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>> in the fight against the opioid crisis, the stigma of folks not wanting to go ask their physician for a prescription or even to go ask a pharmacist behind the counter for narcan is a big deal. and at the same time the, you know, making it available otc allows us to talk about narcan in a completely different way. >> reporter: there were a record 109,000 drug overdoses nationwide in 2022, 68% of those primarily fentanyl poisoning. while narcan saves lives, advocates though, they admit there are some concerning. >> on the downside is that there's this indirect permission that people can use and they think they're going to be saved because it's available and that i can't die now because e my mom has narcan or my mom said she would do it if she finds me or my friends will do it. >> reporter: over the counter narcan will not be covered by most insurances, but prescribed narcan is.
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it's also widely available for free through community and state programs, stuart. stuart: bryan, thank you very much, indeed. we have kevin o'leary still sitting next to me. glutton for punishment, this guy, sitting right here. look, i think the drug situation in america has gotten out of control. it's not just fentanyl, it's marijuana. i smell it everywhere. >> new york does -- i've been here a come of days and, yeah, there's a lot of grass being smoked in the street -- stuart: it's being smoked in the high schools using these vape devices -- >> i'm not a big fan of legalizing pot anywhere for a bunch of reasons, you know? in my home, my wife had that experience when she was in high school, so she just doesn't allow it, and our kids respect it. out on the street people who do what they do. my hinge about drug -- my thing about drug overdose is lack of education. if you actually understood, and i understand drug addiction, but cocaine, a lot of these overdoses occur with fentanyl-laced can cocaine. if you're snorting cocaine and you're over 40, you're killing yourself just guaranteed on your
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heart. if you care about that. and so if people understood, north that that and die not there from an overdose, die because you give yourself a heart attack, you would learn pretty quickly to call cool it on that. you know, it's a bad thing, no question about it. but it's not, the answer's not the law enforcement, it's education. stuart: i think you're with right. thanks, kevin. stay there, please. we're not end done with kevin o'leary yet. [laughter] a new study tested chatgpt's medical knowledge. it had a 72% success rate. dr. siegel is with us. all right. doctor, 72 is not a very high success rate. was this chatgpt actually making medical decisions? >> well, yeah. but here's the thing, stuart, this comes prosecute journal of medical internet -- from the journal of medical internet research are, and it looked at the merck manual and 36 scenarios where a patient has medical issues. and chatgpt was better at coming up with the final dying the know sis considering multiple --
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diagnosis considering multiple ideas of what it could be. and that's not surprising because that's one thing physicians may do well, clinical decision making, creative thinking. but this doesn't mean that chatgpt or another artificial intelligence program that say a medical center comes up with is not useful. i think it's a tool that might help me. now, look, i'm here in the heart of new york city and, as you know, i'm connected to one of the best medical centers in the country. if i need help, i pick up the phone and i've got the the top diabetes or cancer specialists or g.i. specialists. you know all that. but what if i'm mt. middle of america in the middle of nowhere many rural america? i might be helped by information coming from artificial intelligence. and the patients, listen, patients have been coming to me for years with googled symptoms and google diagnoses. this is a step up from that. this will lead to more precision and more ideas and more information.
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does a. a i. hallucinate? does it give wrong answers? yes, it does, but it's useful and it's growing. and machine learning will help it to learn more and more the right answers. it can help me as a co-pilot, it cannot take my position. stuart: i'm glad to hear that. all right, doctor. look, we've got 26 the states that have seen an increase in covid hospitalizations. please don't tell me that we're about to return to to masking up, vaccine mandates and other restrictions. please tell me we're not going back. >> i'm not running the government here, stuart. i hope we're not. i mean, i don't think any of that ever worked. i don't think people standing at a pulpit, you know, scolding people, mocking people ever worked. i know remote learning didn't work. i know closing businesses didn't work. you've been saying that for years, you close a business, the person goes out on the street not only do they spread viruses, but they don't have a way to earn a living. this is a disaster. we can't see this happen. i'll tell you one thing that may
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help, by the way, is not only that we have figured out all the damage that it's done to hyperventilating to a virus that's been with us for over three years now and most of the symptoms are milder. and, by the way, paxlovid is a great drug that you can use in you're in a high risk group, and we've got rapid testing all over the country that you can use. so combining testing and paxlovid, that's the right approach. and the boosters that are coming out for high risk groups hooks like they will cover these strains. so we have all the tools we need. we don't need closures, we don't need threats, we don't need mandates at all. stuart: thank you, doctor. that's exactly what i wanted to hear. doc siegel, thanks very much, indeed, for being here. i just got it out. kevin o'leary is still with me. [laughter] i've got a nasty suspicion that the democrats really want to impose controls again just to keep us all under control. >> i think regardless of which party looks at this again, the
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population will not tolerate that. they've started to think about covid as a flu. and the symptoms are flu-like. we have a tremendous, as the good doctor just said, a lot of tools now. it's about whether you want to be vaccinated annually or notful i'm in the camp that takes the new technology every year, and i will. i think it works, and as i did decades ago for the flu shot. same idea here, but i don't think we can shut down the entire economy the same way although there is a new strain everybody's talking about. i think we'll is have a vaccine for it. stuart: kevin, thanks very much for being with us. >> thank you very much. stuart: you just spent a half an hour with us -- >> i loved it. listen, i think it's terrific. let's work together again. [laughter] stuart: we will. thank you, kevin. >> you got it. stuart: all right, now this. california is suing a school district over its transgender policy. now, the state says schools should not9 be allowed to notify parents if their child wants to change their name or gender. the parents clearly disagree. the latest on that fight coming up for you next.
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♪ mama said there'd be days like this -- ♪ there'd be days like many, my hama ma said ♪
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♪ hey, you, get off of my cloud ♪ stuart: what's wrong with a
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little rolling stones? get off of my cloud. that's the empire state building, that is new york city. all right, now this: a mall in california is going to require a dress code for teenagers. come on in, ashley. good morning to you. what's this about? ashley: hey there, stu. unaccompanied minors will have to wear id tags on lanyards that contain their names and their parents' contact information if they are in this mall unaccompanied after 5 p.m. on weekdays or anytime on weekends. why? comes after a fight broke out at the marino valley mall in riverside county east of l.a. after hundreds of young people showed up for a movie theater promotion that was offering $4 movie tickets. the mall eventually was forced to shut down after authorities were called to help security break up the fights. shopping center put out a statement saying mall security is not a baby sitting service, and it is the responsibility of parents to his their children to
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be respectful to others. amen to that. stu. stuart: concept, ashley. what a concept, right? got that. thanks, ash. ashley: yeah. sure. stuart: california is i suing a school district. the state wants to block a new policy that would inform parents if their child changes their gender identity. william la jeunesse is with us. william, why wouldn't the state want parents to know about that? >> reporter: well, one, stuart, the state maintains that such a policy violates a student's privacy albeit we could be talking a 10-year-old and, number two, it puts them many danger. so governor newsom and the state attorney general want to stop a conservative school district from plaintiffing parents if the child -- informing pants if the -- parents if the child identifies as transgender at school. the attorney general says the policy requiring the school to disclose a student's gender identity without their permission puts students in
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danger by outing them to their own parents. >> i refuse to stand by and allow chino valley or any district board of education to put our children at risk or infringe upon their rights. especially not one of our most vulnerable at-risk groups. >> they literally waged a war on parents. they are saying we do not want you, the parents, to be involved in your children's life. >> reporter: chino valley is one of california districts that require a school to notify parents this writing within three days if they become aware that the student is using a name or a to noun or changing the bathroom that does not match their biological sec. sex. >> i think the plan to fight back is to stand our ground. we're not going to cave in to their bullying tactics. i call it the political cartel here in california of newsom/panta and thurman, and they think they can dictate what
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our school districts will do. >> reporter: so get this, stuart. yesterday a california mom won a $100,000 settlement from a different district that failed to tell her that her daughter transitioned to a boy at school. you'll love this. now the teachers union wants in on the issue saying they need special training to handle parents of students and this disclosure requirement should be part of a collective bargaining agreement. [laughter] stuart: oh, i could see that coming a mile off. william, thank you very much, indeed. good to see you again, thanks a lot. ian pryor knows a lot about this subject. is this start of a fight back on gender? >> i don't know if it's the start of the fight back, or it's a continuation of the fight back. i think we've really been seeing this possibly for about two years. listening to that clip, you know, i'm really confused what the child's right of privacy is vis-a-vis the parent's right to guide the upbringing of their child. i'm not aware of my case law out there that says a child has a
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constitutional right of privacy against their own parents. they have to get a permission slip for tylenol. if a child comes in and is addicted to opioids, is the school not going to tell the parents because that might infringe on privacy rights? if this is absurd, and it's about a time courts start showing consistency in respecting the fundamental rights of parents and really start defining that law and saying what are schools for and what are families for. they are two very different things and, unfortunately, we're getting very different rulings from judges all over the country. stuart: okay. a separate case. a 12-year-old boy in colorado was kicked out of class for having a don't tread on me flag on his backpack. the school claims it has links to slavery. governor of the state, jared polis, he's a democrat, he defended the student. in an e-mail the board says, look, we recognize the historical significance of the gadsden flag and its place in history. how do you work out politics in the classroom?
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because this is an example of politics in the classroom and the trouble the it creates. >> well, what you see from these school districts, and this is actually one of the first things that really propelled me into this fight, is they come up with these policies and say no hateful similar follows, no offensive symbols. who's deeming what offense incentive. stuart: exactly. >> who is making that decision? is it's subjective. i remember three years ago somebody came to my house, and i had the join or die flag the, right? it was ben franklin designed that flag, it was the colonies uniting really against the french and indian war, and the person said to me, is that flag racist? no. why is every single thing in history racist to these people? that's problem. when you allow them to control these policies and these decisions and what is and is not offensive, you're infringing on free speech rights, and your really trying to memory hole american history. stuart: yeah. everything's about race these days, isn't it? it's as if race dominates everything including our history, and it's it's the got
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to be scraped clean. i find it -- like the world turned upside down, ian. >> i mean, it really is, right? it's race, and it's transgender issue is. these are the core issues of the left that they will not remeant on, and they are going to -- relent on, and they are going to keep fighting. for parents pushing bark, you can't necessarily expect this is going to be solved in two or three years, this is a long-term fight. this is an inflection point in the history of our country, and we have to keep fighting in counts, school boards, at the legislative level and at the federal level because it's going to be a fight that we have to be in it for long term, and we have to win. stuart: the "wall street journal" is mocking the white house after the white house took credit for reopening the schools after covid. the editorial board writes this: what an achievement. three and a half years after the start of the pandemic, all schools are open. a little sarcasm there. what do you think, ian? does biden deserve any credit for reopening the schools? >> no, i mean, absolutely not.
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i think when you look at who reopened schools, it was republican governors. republican governors are the ones that either kept schools open when blue states were keeping them closed or when republicans came in, they reopened schools fully after the democrats were out of power like here in virginia. whether it's roping schools fully, getting rid of masks, making them optional. you saw that with governor youngkin, you've seen it in other states. these are republican governors that reopened schools, not joe biden. everybody knows who closed schools, who kept them closed and who reopened them. stuart: yes, we do. ian prior, great stuff. see you again soon. thank you, sir. right now hurricane idalia made a powerful, welk made a landfall as a powerful cat three storm earlier this morning. it's now a cat one storm, and it's over georgia. coming up, the former mayor of tampa will join us to assess the damage. in chicago police stations
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are being used as emergency shelters for over 1500 migrants. the police union says it's time to find a new solution to the migrant crisis. jeff flock has the report after this. ♪ come together right now over me ♪
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stuart: a news crew robbed at gunpoint while trying to report on armed robberies in chicago. ashley, take me through it, please. ashley: that news crew even noted the irony, you can't make it up. the spanish language network univision was filming a story on spike in robberies when, oh, yes, they were robbed at gunpoint. a reporter and photographer or were getting ready e for a 5 a.m. report in wicker park. three armed men wearing ski masks pulled up in a back suv
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and gray sedan and first demanded money, then stole the camera, and the photographer's backpack. no one was hurt, police are looking for suspects, but there has been a crime specifically spree in the area. at least 30 people were robbed or car jacked including the news crew doing the story on the eyes in robberies -- the rise in robberies. stuart: as you said, you can't make this stuff up. i don't know why i'm laughing, it's terrible. thanks, ashley are. staying in chicago, 15000 migrants are living in missions. the city's clearly struggling to find shelter for them. jeff flock is with us. what's the police union saying about this? >> reporter: well, as you can imagine, stuart, they're not happy about it. they don't think this is the best way to go. got to keep your eyes open if you're reporting from the street, by the way. this is the 10th police district called the ogden station and, yeah, the migrants have been here off and on for a while. there was a report of some misconduct at one point and they
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investigated that. take a look, we've got pictures of what it hooks like inside. folks not just out on the street, but inside. and, of course, the whole idea is to not have people left out on the street. as you ask can, the police union said and i quote them now in response to fox business' concerns, police stations were never meant for this purpose. the fact that it was such an immediate option only shows the the lack of respect for the men and women of the chicago police departmentful now, brandon johnson, the mayor, is on record as saying he doesn't like this idea. it was implemented by his predecessor, lori lightfoot, but he's up against the wall. otherwise if he didn't put them here, perhaps there'd be people on the street. it's very costly are, as you might imagine, to be a sanctuary city. sanctuary is not free. the state has already spent in chicago $190 million, the city $110 million, and the feds have kicked in about $15 million, and the city says it needs more federal money. the city just announced that it
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is going to buy bailing formerlg formerly used by the the u.s. marines, the north park marines barracks, they're going to pend about a million and a half dollars to create a helder that would house about 500 -- a shelter that would house about 500 people. it's not just chicago, as you know. the sanctuary cities of l.a., denver, chicago, philadelphia and new york city, 31,000 migrants shipped to those cities by government of texas from the board or. as i said, sanctuary's not cheap. certainly sympathetic to the to folks that are here obviously seeking a better life. i guess maybe this is better than where they came from, but the police trying to do their job too. stuart: you can't -- look, you can't stop this until you stop the flow. and you stop the flow by closing the border, you know? that's really the way it is. you may disagree with that, lots of our viewers may disagree with, but that's reality here. you're standing in the middle of
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reality. >> reporter: that's the great thing about democracy, you can have your own opinion. it's wonderful. stuart: i've got one. jeff, thanks for joining us. back to the dow 30, a sense of the market. i have an overriding sense that the winners, the buyers are this charge. two-thirds of the dow 30 are up, just a few are down. the dow itself is up 51 points, just shy of 35,000. officials assessing the damage after hurricane idalia made landfall. it made landfall as a cat three, it's now been downgraded to a one. we have a report from tampa on the damage they're been seeing right after -- they've been seeing right after this. ♪ ♪
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♪ stuart: right now hurricane idalia is carving a path of destruction along florida's big bend coast. bob buckhorn is the former a mayor of tamparks can -- tampa, and he joins me now. how much damage to -- do you see? >> tampa did not take a direct hit as it has not for the last
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100 years. you see a lot of localized street the flooding, there will be some structure flooding in low-lying areas. what we worry about, stuart, is the water that you see behind me is already 6 feet above what it normally would be. high tide has yet to come. high tide will not be here until about 1:30, so we anticipate this water rising not as much as was predicted, but we could see a resurgence in street-level flooding. stuart: so you're not out of the woods yet. you've got to wait for that surge at high tide early. you're not quite out of the woods with. >> we -- no, we're not. give us about another 3-4 hours, is and i think we will be fine. but we've got to withstand that last summer, that last high tide. and it's the combined with the fact that there is what's called a king tide right now which is the highest tides of the year. they are occurring simultaneously. stuart: how many people evacuated tampa? >> i think a decent number. in the low-level areas, the
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evacuation zones a, those that are in structures or mobile home parks are wise to evacuate. i think many of them did. but this is not the storm for us like aye a da was supposed to br irma back in 2018. stuart: i remember ian not too long ago, it was aiming for tampa and then took a turn and clobbered fort myers beach. so i guess to some degree you've dodged a couple of bullets in the hurricane season. >> stuart, we are so lucky. i mean, literally in a hundred years tampa has not taken a direct hit. but i can tell you if we ever do, it will be catastrophic. my office, the mayor's office in downtown tampa, would be 15 feet underwater if we took a direct hit from a cat flee storm. stuart: in a big picture sense, do you think these make florida a less attractive place to move to? >> you know, stuart, i think it's the cost of doing business here, it's the price we pay for living in paradise.
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i don't think it will slow down anybody from moving here, a although rising insurance rates that might. can and they are directly tied to storm damage and the cost of storm damage. but i think people are going to continue to come. you know, we're averaging about 1,000 people a day in the state of florida. this is a wonderful place to be. it's just something that you have to get used to and train for. stuart: can you get flood insurance if you're a homeowner on the the gulf coast? >> you can but it's expensive and getting even more expensive every year. stuart: yeah. that's not good news. bob buckhorn, thank you very much for joining us on a very important day. always appreciate it, sir. >> thanks, stuart. you too. stuart: sure. ashley, come back on in, please, because i know you live in florida. i think you live on the east coast. you didn't get any serious bad weather, i take it. ashley: no, very lucky. we're actually on the northeast coast. the original cone was going to come right after us with jacksonville to the north,
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daytona to the south, but it's stayed further to the north of us, we're just south of jacksonville. all the action is really up into georgia now, about 20-25 mile-an-hour wind, a little rain here and there, but we were lucky to miss the brunt of this storm, no doubt. stuart: you dodged the bullet as well. here's -- okay, i've got to turn, the attorney general of florida warning about looters as the hurricane made landfall. she says new residents are particularly worried about leaving their homes. but, she says, and i'm quoting now, we are a law and order state. we will not take it lightly if folks are looting. moody also warned those new residents not to fall victim to gas and hotel price gouging. here we go, it's almost 11:55. time for the wednesday trivia question. it's a good one. how many number one hits on the billboard hot 100 did elvis have? 12? 15? 18 or 21? i haven't a clue are.
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[laughter] wish lauren was here to play this. we'll be back. ♪ ..
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stuart: we did ask how many number one hits on the billboard 100 didelphis have, 12, 18 or 20 one? those are your choices. what is your number, ashley? ashley: elvis was an amazing.
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18 or 20 one because he was amazing but i will go with 18. stuart: i will go with 18 lodz the beatles had 20 number one hits and i know they had more than elvis so i'm going with 18 and we are correct, 18 is the correct answer. did you know this? his first number one hit was heartbreak hotel and his last was suspicious minds in 1969. ashley: one of my favorites. he was something else. stuart: i know all the beatles hits but just a few elvis. too bad we didn't have lauren here because she's an elvis fan. time is up for me and "varney and company," coast-to-coast starts now

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