tv Varney Company FOX Business September 1, 2023 10:00am-11:00am EDT
10:00 am
10:01 am
because i think you'll like what you see. dow industrials up close to 200 points and gain for the nasdaq has come down a lot. it was up close to 100 now it's up a mere 4 points but the vast majority of the dow stocks, the 30s, they are in the green and they're up. 10 year treasury yield at significantly lower levels and it's up a bit. you're at 418 right now. that's lower than it has been for a couple of weeks. price of oil, moving up. watch out, people, that would mean it's $85 a barrel now. looks like gasoline prices are going to start going up again. as for bitcoin, struggling, $25,000, $26, 963. lauren: still contracting but 47.6, slightly better than expectation for august but ten straight months of contraction. i'll try to get the prices paid components for you, because this could being sort of like the
10:02 am
goldy locks report for the federal pause campaign. stuart: no immediate impact on the market and nasdaq is down and maybe because of the 10 year treasury yield ticked up and wouldn't you know it. the nasdaq has now ticked up. go ahead. all right, folks, now this. this week, the governor of new york went to washington to see the president. kathy hochul wanted help dealing with the migrants. the president was too busy to see her. the mayor of new york city, desperate. 100,000 migrants arrived this year and he wants to ship them out and nobody wants to take them or pay for them. massachusetts has just called out the national guard. they can't deal with the migrants they already have. the white house, karine jean-pierre says this, roll it. >> the president has done more to secure the border and to deal with this issue of immigration than anybody else. he really has. stuart: i don't mean to be harsh but that is truly laughable and it ignores the political storm arriving all across the country. the president is not telling
10:03 am
you, but there's a new surge. in august, 91,000 people came in as part of a family group. that's a record high. overall, apprehensions up 30% in july and august. where are they going? everywhere, and you are paying. don't tell me this is not going to be a major issue in the election. the democrats can't get away with blaming trump. secretary mayorkas cannot get away with saying the border is under control. i find aoc familiarly annoying. she was at the border when trump was president crying for the children. it was performance art designed to drum up trump hatred and tells the new york times, immigration is arguably this administration's weakest issue. you got that right and you share some of the blame. my point is, the migrant crisis is hitting the whole country. it's biden's fault, and it's another reason he should not be elected to a second term. the second hour of varney -- we're just getting warmed up.
10:04 am
stuart: tammy bruce is just dying to get at this, and she's joining us as she does most friday mornings. >> yes, happy friday. stuart: how big of an issue will this with in the election? >> every issue depends on whether or not republicans can bring it forward and discuss it and frame it and make sure the american people know what's going on because, you know, the democrats have legacy media, protecting the president, protecting the democrats, choose to not cover certain things. so it's just not even not covered. forget about covered in the proper way. what's fascinating about this dynamic, like here in new york, they want work permits, they want to speed those through. 100,000 people really, the problem at the border is no one's being vetted so we don't know who they are. the president said about 20% of the people are eligible. how do they know? they have no idea.
10:05 am
in the meantime, you're getting free housing and living in a hotel and hhs will help with education and healthcare. why would you then go take a job and then are we going to have those people get their own place to where the city's not paying for their housing? this becomes the biggest disaster and in the meantime, the number of new york homeless that do not get the national guard, are not getting placed in hotels and are not having the federal government worry about their healthcare. and they're sleeping on the subway trains and in the streets. it's a remarkable, you know, division of who they're caring about versus who they don't. stuart: if you give them work permits and the president wants to give them work permits -- >> yes, exactly. stuart:-- aren't they then in competition with american-born people? >> that's exactly is. we saw this problem with the lawsuit with elon musk and he was hiring american citizens and they hire a bunch of people who
10:06 am
aren't citizens but their lawsuit is you've got to hire more. you're hiring too much americans and not hiring enough of the illegal immigrants effectively saying it's asylum seekers, but these are individuals who are ushered into the country, who have not even had hearings yet about their status. so this is a remarkable dynamic where in two instances at state level and federal level an argument that work permits should be available and others should be hired before americans are hired, and then we see the pace of wage growth stagnating and it's going to then start go down because of the influx of individuals who will be working at a lower wage. stuart: it's a very difficult problem because if they don't work, we're paying for everything. forever. 5 million people. >> we are paying for everything. when do we stop paying for everything? stuart: when they work. >> really? if you're getting a low wage job in new york city, where are you going to live?
10:07 am
where are you going to be able to pay rent? people have left the city because the rents are extraordinarily high. so that becomes the other question. when do you -- when those individuals have gotten used to not having to pay for everything and then they get a job and it's not enough to pay for rent and you're kicked out of the hotel, what happens then? this is a disaster belonging to the deputies and showing that in it's not the american citizen that matters so much, but it's now all resources going to these individuals who should not be here in the first place. stuart: better be a major issue in next year's election and should be. >> should be. those lives of the immigrants are being destroyed and sent a message and being held back and going to beckively used as -- effectively going to be used like a surf based indentured servitude frame work ask maybe have their rent paid but can't quite make enough money and constantly in that mode and that's obscene.
10:08 am
everyone deserves better than that and people deserve more regardless of how they got here. stuart: tesla and meta my bruce, thank you -- tammy bruce, thank you for brining the fire like you always do. lauren, what's this about the washington post, glen kessler saying president biden's personal stories, he looked at them and what did he find? lauren: they're embellished, but it seeped like he was okay with that. it was more gentle approach. stuart: he didn't say the president lied? he just embellished stuff? lauren: i don't think he -- right, but trump lied because he wrote a book about how trump lied. remember that? a quote from the post and glen kessler "as president biden continued a tradition of embellishing his personal tales in ways that cannot be verified or directly refuted by contemporary accounts like these personal stories". lauren: i had the great honor of being arrested with the un ambassador of the streets. angelo senior conductor walked
10:09 am
up and said joey, baby. i said, it's okay, he's a friend. true story. two well-dressed men stand on the corner of the light changed and they kissed each other and never seen that before and i looked at my dad and looked back and he said it's simple, they love each other. my grandpa died in the same hospital was born in two weeks before i was born. >> almost lost my wife, my '67 corvette, and my cat. lauren: if you keep telling the same stories, they're obviously true in your head; right? i mean, basically kessler is pouring cold water on all of these tales, and i think it was in a very gentle way. he didn't say lied. stuart: he did not say that. okay. l. thanks, lauren. back to the markets. we've got a rally going on. left hand side of the screen and dow up nearly 200. nasdaq up 33 and s&p up 21. some green air and luke lloyd is with us. luke, the american dream as i know it, as i see it, it used to
10:10 am
be you go to school, you get a job, you get married, you have children, you get a house, and then you retire. that to me is the american dream. is it broken? >> yeah, when people think about what i do for work there's numbers and balance sheets and economic markets and balance sheets is the study of people and economic trends and behaviors and reflected on balance sheets and get married young, buy a house and work harder to raise your socioeconomic status and raise a family to retire comfortably. millennials and gen zs seems to be living the almost complete opposite of what we called the american dream. young people seem to want less responsibility, they aren't getting married at younger ages and not having as many children. when you're single for longer with a lot of family, they deponent need a house and live in a studio apartment with a city and marge, the average median of mortgage payment hitting $3,000 a month and most
10:11 am
unaffordable housing market in the history pushing trends further and young people i'm frankly scared about for my generation don't want to climb the socioeconomic status as much. they'd rather trade the luxuries of working from home in something they call the work/life balance and i don't know what that is, stu, the question is whether or not the american dream is attainable but the bigger question is has the american dream changed and changed for the better or worse? stuart: i think inflation is making the american dream a great deal harder to achieve. i lived through the inflation of 1980s. is that inflation pretty much the same as the inflation we've got now or is there a difference? >> it's similar and different in multiple ways and one of the biggest input of inflation is the 70s and 80s was the shock of oil prices on the economic system. consumers are less reliant on oil now than back then because of how efficient the energy and engine systems have become over time. the oil input to inflation is government spending and consumer spending both of which come
10:12 am
through debt. access to debt is the new inflation put into today's system. u.s. government debt going back to the 80s went up under reagan and fair share of borrowing and back in the early 80s, he was with an accommodative free market policies and higher regulation. stuart: you got it. sorry to interrupt you there, you were in free flight and that's a good thing. i have to leave you because i'm out of time. thank you very much, luke. see you real soon. back to the markets, i want to start with disney, down to $81 a share. ouch. lauren: its channels are off of charters spectrum cable. they're fighting the cost of the video programming. i mean, cable packages are outrageous and charter is pushing back and disney saying no, no, the cost of content is high. this is a big deal and spectrum has big markets like new york and los angeles. this means no espn for those
10:13 am
customers for the football season and tennis open. stuart: tennis open and college football. >> lauren: agreement, correct. stuart: that's not going to go down well and no wonder they're down to $81 a share and charter down two. lauren: the coe came from starbucks and stepped down after three years in the role and the stock is down 3% but in her tenure at walgreens, it's been cut in half and i'd imagine the price would go up and bring in fresh blood at some point. stuart: dollar general. lauren: now there's more brokerages and a lot of them coming out and downgrading the stock or cutting their price targets on the stock.
10:14 am
poorer people unable to afford the dollar stores. stuart: all right, elon musk went after one of los angeles elite schools saying the school brainwashed his daughter into hating him and thinking everyone rich is evil. we've got it for you. washington state prohibits police from chasing burglary suspects and one local sheriff says he's had enough. watch this. >> if you flee, we'll chase you, on foot, we'll chase you on foot and lose you in the foot chase, we'll send the dog after you. we'll be relentless in the efforts to capture you. stuart: it didn't end there and show you what else he had to say. this week marks two years since losing 13 service members during the botched afghan withdraw. did our intense services know the bomber in advance? who dropped the ball? that's next. ♪
10:15 am
♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™.
10:17 am
hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life.
10:18 am
when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works.
10:19 am
goli, taste your goals. stuart: it's been two jeers since biden's botch withdraw from afghanistan and 13 military members were killed in the attack and a 4:book shows those members didn't have to die. jared dun levy is -- gerri is with me and did our intelligence service know the name and location of the bomb ore in advance? >> it's a good question and what we uncovered was thousands of pages of pentagon records and found there were sworn statements that u.s. intelligence knew isis k was
10:20 am
staging at a hotel a male or two from the abby gate bombing and commanders asked the taliban to raid the location and the taliban never did. on top of that, there's sworn statements that u.s. intelligence and u.s. military were tracking and searching for isis k locations in afghanistan. and a u.s. officer con ducked to construct a strike against the isis k location in afghanistan before the abby gate bombing and the request was denied by military commanders and looks at least in part due to a negative response from the taliban. opportunistic on top of -- on top of that, we know the bomber was in prison at bagram and the taliban freed him and thousands of other isis k prisoners on
10:21 am
august 15, 2021, and he was able to escape and carry out the attack and the simple fact is that if we had simply held onto the bagram air base, that suicide bomber would have been sitting behind bars rather than threatening americans. stuart: this period we were reporting on it in depth and it seemed to me that when america withdrew air power and withdrew intelligence services from bagram and the collapse was inevitable and the collapse axel brate!ed. am i right? pulling u.s. troops in rapid fashion like president biden did without a plan and how to get americans out or after fan allies out, pulling the u.s. troops in rapid fashions meant pulling u.s. logistics and isr and air support and advisers and contractors.
10:22 am
all things that an already very weakened shaky afghan military was built around so it was completely foreseeable that pulling all of that support, especially by the way in the middle of after fan fighting season because president biden picked september 11, 2021, as the withdrawal deadline. doing all of that meant -- it was very foreseeable that the afghan military would collapse and the taliban would march on kabul and abandoning bagram meant not a safer place to do an evacuation and abandoning the final power of the military and abandoning a place with prisons teaming with isis k terrorists including one that went onto kill the 13 americans. stuart: it was a kansas city a d that was a fact. jerry, thank you for joining us and i hope the book does well. >> thank you, appreciate it. stuart: the chair of the foreign
10:23 am
house committee wants more answers on the botched withdraw. what does he want to see, as ashley? ashley: yeah, republican michael mccall of texas wants to put nine key state department officials on the hot seat to get to the bottom of chaotic and deadly withdraw two yearsing a. the people summon second-degree a former u.s. acting ambassador to afghanistan and susie gorge, a chief of staff to secretary of state antony blinken and mccall wrote the nine officials have important information that's critical to undercovering or uncovering how and why the withdraw from afghanistan led to unmitigated disaster of epic propotions all of which could have been prevented. mccaul wants them to be tribed deny scribed by september 7. see if that happens. stuart: thank you, ash. solid gain for the dow at least.
10:24 am
it's up 213 points as we speak. nasdaq up 57 and s&p up 25. it's going to be a long weekend. interesting to see if people take position in advance of a three day holiday. we get it. one of dave portnoy's pizza reviews went horribly wrong after the owner went outside and confronted dave. we've got the tape. san diego's public school district is encouraging students to identify as either transgender or nonbinary and promising not to tell their parents. we're certainly going to deal with that one next. ♪ my relationship with my credit cards wasn't good.
10:25 am
i got into debt in college, and no matter how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with low fixed rates and borrow up to $100k. go to sofi.com to view your rate. sofi get your money right.
10:26 am
(lighthearted music) - "best thing i've ever done." that's what freddie told me. - a person like me needed to get a reverse mortgage to change my life. it was the best thing i've ever done. - really? - yes, without doubt! - [tom selleck] joanne said just about the same thing. - it absolutely is the best thing i ever did. - jack put it a different way. to him, it was about having his grandkids over. - you want to have the kids over, you want to have the grandkids over. - yeah. - you want to have the family over. you want to say, "this is my place." - great people, different people. that's for sure.
10:27 am
and all of them had different reasons for getting a reverse mortgage. but you know what? they all felt the same about two things. they all loved their home, and they all wanted to stay in that home. - [announcer] 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. it could also pay off higher interest credit cards, medical costs, and give you some extra cash to help your retirement lifestyle. - i don't have any anxiety about money anymore. - it allowed me to live in my home and not have to make payments. - a whole lot of families have gotten tax free cash from a reverse mortgage loan for a better retirement. - i don't have to worry about a mortgage payment every month. - it's a good thing. - [announcer] call right now to receive your free, no obligation info kit. the kit will show you how you may get the cash you need
10:28 am
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. stuart: i still see green but not as much as i did before. dow's up nearly 200 and nasdaq 44, s&p 21. lauren's looking at movers and we're going to starlet with -- what do we have? lauren: freeport mack. glim morays of hope from china and a manufacturing number went into expansion territory for the first syme since march and copper prices as a result of the optimism at 4-week high and
10:29 am
freeport mack moran is the number one stock on the s&p. stuart: oil up $80 a barrel. that's china maybe coming back. lauren: coming back. stuart: got it. papa johns, i believe they sell pizza. lauren: with amazing garlic sauce. i haven't had it in awhile. web bush says $77, shares are way too cheap and they they're going up to $95 and they do check points and they can tell same store growth is growing and cost is coming down. stuart: 23 and me. i did that and haven't got the results. lauren: recently? stuart: before my birthday and haven't gotten the results. lauren: look into that. it's a dollar stock and fda cleared more reporting of cancer jean mutations and -- cancer gene mutations and first and only with the fda clearance and can do the swab and don't need prescription. thank you, lauren.
10:30 am
stuart: school board in florida removing dozens of books from the library and which books and tell me what happened. ashley: it's interesting and indian river school board near vero beach in florida and ditched the books after concerned citizens, they read graphic excerpts on the debated novel and one parent was thrown out when he continued to read when he called pornographic material. watch this. >> not problems but in the end if. >> you pulled away and you didn't and you stopped -- >> remove him please. three warnings. three warnings, i've asked you to remove -- yes, sir. yes, sir. >> allow the world to see me removed for reading the pornographic book you are allowing. ashley: he made his point and not the only one. the board decided to remove the books in question because of a rule signed by florida governor
10:31 am
desantis that states parents "shall have the right to read passages from any material that is subject to an objection". during the school board meeting earlier this week, more than 30 parents and community members successfully had those books removed when they were cut off from speaking at the podium. stuart: boston university hired a prominent disinformation expert and was promoted to college officials and donovan was fired from harvard university after she appeared to attack academic freedom. nicolas is a professor at suffolk community college and joins me now. what is this misinformation/disinformation person doing at be you. >> donovan has a history of statements where she says misinformation is nothing more than a product of the right wing
10:32 am
agenda controlled by the right wing media ecosystem and indoctrination and campus reform and we've reported 80% of students and self-sense of themselves and fear of retribution and administrators and professor and student groups and the implications and in 2021 the biden administration was the nags that will strategy and counter domestic strategy and the extremism and they've got to control the list of academia and combat that information to the tune of millions and taxpayer dollars and paying fortous be censored and one of the -- for the k censoring and the exceedsf extremism in the united states. this is what we're paying for. it's really extraordinary and we
10:33 am
see stifled debate, discourse and group mentality at college campuses promoting and unfortunately that's not enough professors speaking out against it. ashley: another one for you, nicolas. san diego schools encouraging young students to identify as transgender and nonbinary without telling their parents or asking permission. that is outrageous. >> it's in 1984, don't trust your parents. you have to trust the entities and the schools and government. my two children, i have to give permission to give them tylenol or go on the field trip and we're going to pretend it's okay for a child to make life altering decisions and the parent not being informed about it stuart: they're encouraging the kids don't say anything. >> absolutely. understand they're planting seeds in a student's mind not to trust their parents. and so what effect does that have on the totality of the society. now, at times where academic
10:34 am
proficiency is at all time lows, they'd focus on trying to bring students up to speed and reading and mathematics, we just got to report at the college level, students are at ninth grade levels of mathematic. stuart: we had a story earlier this week about a young person who was trans, thought shoves trans, and then later decided she was not a trans. lauren: she was 11. stuart: the mother was never told and sued and won $100,000. i can see this happening again. lauren: the daughter reidentified as a woman. >> the mother should have gotten more than $100,000 to send a message. they're damaging children and they're not going to make the best decisions at 9, 10, 11. they have no idea what they want in life and we're not allowing them to grow. instead they're forcing agenda on the children and it really is going to bode horribly for the country over the next 5-10 years seeing the results of this. stuart: there'll be an avalanche
10:35 am
of lawsuits and make agenda medications and the surgeons performing this thing and teachers in the school board and it'scosming. avalanche of lawsuit. >> there has to be accountability. stuart: nicolas, you're all right. thank you for joining us. >> thank you for having me. stuart: elon musk is going after his estranged daughter's elite school in los angeles. ashley, explain this one, please. ashley: interesting, musk says communist transgender daughter severed ties for him because she was brain watched into thinking -- brainwashed into thinking anyone rich is evil and puts it on the cross roads school for arts and sciences in santa monica and the school costs up to $50,000 per student per year. mucks claims the school infected his daughter, 19-year-old vivian jenna wilson, with what he calls woke-mind virus. according to upcoming biography, musk bought twitter as part of a
10:36 am
mission to stump out wokeness brought on by prevail withs his daughter. musk was okay with his daughter's transition till she became "a fervent marxist and broke off all relations with him". neo-marxists have taken over elite schools and liberal universities to teach students to despise wealthy individuals and musk's net worth, right around just over $257 billion. you know what, that's truly evil. stuart: truly, truly. sarcasm a low form of whit and you know it, ash. give me more next time you're on. the unemployment rate up to 3.8% in august. how's the white house reacting to that number? edward lawrence with have our report. aoc suggested inflation is corporate propaganda to hide greedy shareholders. we will definitely deal with that next.
10:37 am
♪ ♪ limu emu & doug ♪ what do we always say, son? liberty mutual customizes your car insurance... so you only pay for what you need. that's my boy. now you get out there, and you make us proud, huh? ♪ bye, uncle limu. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
10:38 am
♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee. ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪ ♪ the little pill with a big story to tell. ♪
10:39 am
10:40 am
from pep in their step to shine in their coats, when people switch their dog's food to the farmer's dog, the effects can seem like magic. but there's no magic involved. (dog bark) it's just smarter, healthier pet food. it's amazing what real food can do. ♪ (upbeat music) ♪ ( ♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪ ) constant contact. helping the small stand tall.
10:41 am
>> unemployment rate went up to 3.8%. edward lawrence at white house. what are they saying about these numbers, edward? >> allay boar department and haven't -- at labor department and not moving to the white house and president speaking in about an hour about the numbers and we're seeing the elite expectations and jobs number and more coming down and pretty quickly and 8.8 million jobs open in the country and 6.4 million people unemployed and these numbers come back in line, it means that jobs will be harder to come by in the future over the past three months and
10:42 am
average of 150,000 and >> people can't continue to follow month after month and acting like they're the federal government without having to pay back the credit card debt. that makes me very nervous. >> average rates increase 4.3% year over year and number is high for federal reserve and pushing inflation and pushed by the labor department and the national association of home buyer says the new rules force companies to pay basically union wages and the group is concerned the overtime rules will hurt businesses.
10:43 am
>> they pass through to customers. >> at the same time that we've seen all of these other signs of how bidenomics is benefiting the american economy, we're also seeing a deceleration in inflation. the numbers defy the notion that we have to choose between what's good for workers and consumers. stuart: most people and majority not coming up from the cash and $500 emergency. lauren, what proportion of the population can't pay $500 for a emergency? lauren: two-thirds or 63% of workers are unable to pay that $500 expense to come up and healthcare or something broke on the car and it maybes sense and
10:44 am
we said in the last hour, six in ten of us are living paycheck to paycheck. we're squeezed by the relentlessly high prices and now surging interest rates and what's to come in october for the first time in three years, you have to repay your student debt. there's now this sign of desperation and there's a push to change the actual law. remember hardship withdraws and people taking out loans with 401(k) plans and allowing workers to withdraw a thousand per year and no penalty. stuart: turning to ashley and congresswoman alexandria ocasio-cortez turning heads after she shared a social media post about inflation. what did she say. is this for ashley or lauren? lauren: i'll take this one. she shared this from a left wing group out of new sow land and watch and we'll talk on the other side. >> the propaganda around inflation and cost of live asking so powerful that we forget the very basic fact that corporations set the prices for products and corporation products raise prices and record
10:45 am
profits and not some visible monster but a bunch of greed jim jordan shareholders. d greedy shareholders. lauren: why would aoc share that and does she believe that? stuart: she believes that. lauren: capital markets work because tough make a good or provide a service. when the cost of that increases, you have to raise your prices to support workers and list goes on. they're making the point that the company is the share holder and they're gaslighting you and spooky inflation about the boogie man and raising prices. stuart: i wonder if aoc has any stocks in her 401(k). lauren: good question. stuart: that would be exploiting people with good shares. lauren: that would be hypocritical and the other thing that annoys me when you have single people that complain -- don't complain about high prices because if i was just supporting myself, i wouldn't complain about inflation that much.
10:46 am
look at families. aoc has not right to talk about inflation. stuart: you got that one, didn't ya. lauren: she's just supporting herself, it's a much different game. stuart: listen to this one, a new bill in california would fine businesses if a worker attempts to stop thieves from stealing. we're not making this up. it's the world turned upside down, isn't it? restaurant lost fox in minnesota opened its doors in the spring of last year and had six burglaries and the owner was assaulted and the owner is fed up and she's here, next. ♪
10:47 am
10:48 am
...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™.
10:49 am
hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life.
10:50 am
when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. stuart: william, what are the business people saying about this? >> stuart, retailers say this is
10:51 am
a huge mistake and it'll make things worse but on the other side, supporters say rank and file employees should not have to confront shoplifters because it's dangerous and let me show you why california retail aerodassociation and what lawmas are proposing and gives he's a license to steal. >> they don't joanly respond to -- generally respond to thefts and now sacramento democrats are pushing a bill that can fine a business up to $18,000 if it intervenes to stop a robbery or theft. >> not enough to de-criminalize property crime and can't stop criminals from taking for property. >> hundreds rallied thursday at the state capitol to protest sb553 and requires retailers to hire private security if they want to stop crime. owners of the convenient stores, gas stations, liquor stores and
10:52 am
more. >> they cannot compete and smal retailers. >> sending my kids to school and they're getting educated and go to a store, grab $950 or less and go home. provide trauma and this is a terrible bill. terrible bill that seeks to put all the burden on the business owners for the lawlessness that we're experiencing in california. it's wrong. >> again, stuart, supporters say your average employee shouldn't have to confront thieves or
10:53 am
recover stolen property and americans say that's what we do. everyone is coming in walking in and out with stuff. we have small margins and don't confront them and can't afford private security and that's where it is now and made it through the state senate and they're hearing today in the house. stuart: one restaurant owner in california fed up with crime and she's been robbed and burglarized 18 times and andy rose is the owner and operator of lost fox and annie rose joins me now. as we start, take me through the briaries and assault and we want to know what happened. >> there were multiple burglaries and attempted break ins all overnight around 4, 4:30 in the morning and a lot is the train, we're the last stop on the train and i believe people have an easy way to get off and
10:54 am
on and a good way to get in and out. he tried to stop them from coming in and pushed the doors in my face and hit me and fighting texas hours later when i was able to go to the urgent care, i got stitches. stuart: what do you think about this bill in california, which would fine small store owners if they tried to stop the robbery? what do you make of that? >> we're all doing everything we can to create business and
10:55 am
commerce in community in areas and just make a livelihood for ourselves and our children and family. we have people with no repercussions for what they're doing out there and then we'd be responsible for it. sounds absurd. stuart: will you leave? >> no, oh, no, we're not leaving. this is what we're doing. this is our life right now and we're building this for our children and the people who surround us and we are there. stuart: what is reality like for someone like you. thank you for joining us. you're going a great job. >> sure, thanks. stuart: sure thing. a sheriff in washington state has a scathing warning for the smash and grab thieves. come on back, ashley. what is the sheriff saying?
10:56 am
ashley: well, first the county sheriff says his department is ready, i mean very ready to take action. watch this? >> if you come totherston county and decide to do tens of thousands of dollars worth of damage to the business, we're going to chase you. we're not pulling over. the states rcw is no longer going to protect you. if you flee, we'll chase you. we'll conduct a pit maneuver. we do the tactical vehicle to bring your car in and if you flee on foot, we'll chase you on foot too. ashley: i think he means business and giving a very specific warning, don't do it and comes after multiple small businesses in the area have been target in recent months with the suspects using stolen cars to crash through store frohns like the one you're seeing and what sanders called completely unacceptable. he's talking tough, stu. stuart: thanks very much,
10:59 am
11:00 am
71 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on