tv Varney Company FOX Business September 1, 2023 11:00am-12:00pm EDT
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his record off the news cycle. >> if this president is not going to do something to close down the boarder and stop this crisis in america, we're going to have to do it on the local level. i do not feel sorry for these sanctuary cities and sanctuary states. they're getting the fair share of what texas has been dealing with all these years. >> this is a disaster. belonging to the democrats and showing that in fact 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. >> the question to ask is not whether or not the american dream is attainable but the bigger question is has the american dream changes and changed for the better or for the worse? stuart: who's this? forever? lauren: chris brown. stuart: you like it? jonathan hoenig is in new york. >> i'm grooving, today. stuart: rock on, baby.
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it is 11:00 on the east coast. friday, september the first. all day, folks. check the markets and nasdaq turned south. we had it up 100 points not so lonlong ago and now down 22. dow holding onto a gain. show me big tech, one or two of them have turned around and we have amazon and alphabet lower and apple, microsoft and meta showing very small gains. the 10-year treasury yield is the secret to all this here and the nasdaq turned around and up six basis points to 418 and that big tech doesn't like that and it's turned around. now this. friday morning and i get worked up in these editorials and there's a lot to be outraged about but today i'm backing off because there are times when it's good to walk away from the negative and there's no better time than a holiday weekend to
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accentuate the positive. first, most of us will not be at work and no commute time and no time clock or boss. it is your time and face it, you deserve it. don't feel guilty for doing what you want to do. second, the weather, millions are going to have a sunny and warm weekend, glory yous stuff and i hope you -- glorious stuff and get concern too and third at their best and summer winds down and maybe a backyard and maybe the woods or beach and it's a three daybreak and ideal time getting out of the house and makes he feel good. just drive. and eat it up. take a phone and do real face-to-face and avoid contention. this is your labor day. third hour of varney starting
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right now. stuart: well, well, well. the gentleman on the right hand side of your screen as you look at your tv, he does not have a phone to turn off in the first place. steve hilton, you don't have a phone yet? >> i don't have a phone. i have a camera by the way. my children tease me over this. it is technically a phone, but it's not used as a phone. doesn't have a similar card, but i use it as my camera and that's the little caveat but i have to say, stu, who knew stuart varney was the philosopher king of cable business news. absolutely wonderful. i completely agree with all your sentiments and one thing to say, to your point, especially about getting out in nature, which i absolutely love and prioritize all the time. you always say to me, stuart,
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what are you doing in california and it's crazy and madness and taxes and regulations and crime. all the things we now. let's not get worked up. why don't you leave? one of the reasons is it's so beautiful here. they haven't been able to ruin that yet. we have incredible, magnificent nature to get out into here in california and that's a big reason why we love it here. stuart: let's get serious. governor gavin newsom says it's progressives and liberal judges fueling the homeless crisis in california and newsom is saying that and does he want to run for president i guess. >> it's laughable and we've been saying that for years and years and years and it's his party and their policies that are the progressives that have been doing all this and liberal judges and implementing a fall out for gender shared by his party and the record in california is a disaster with
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aspirations and you look around and you can see the failure and that's all very well to turn out now and the blame for someone else and him and his party causing this catastrophe and no sign they're changing course and changing the actual policies that have caused the problem. stuart: messi manual coming to -- mania coming to los angeles and it'll be average ticket prices around $690, 527% more expensive than the average major league soccer game. is it with it? you've got a britt irk accent and i assume you are. >> yeah, i am a soccer fan. my eldest son is a much bigger soccer fan and my youngest son is all american is&into baseball. half our family into soccer and, look, he's an amazing legendary player and very few in the
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history of the sport as iconic as mess ani and very much playig at the top of his game and interesting -- messi and playing at top of his game and result of this clearly messy impact he's having, you'll see other players not win past their prime and really the top of their game joining this league and really getting to that point that people have been perhaps predicting wishful things and it's actually america becoming the most significant league in world soccer and not english premier league and we're along way from that and this could be the first step. stuart: you know, for the years and years and years we've been told that soccer, soccer, soccer is the big new thing. all the kids are playing it. it's bound to take off. >> think messy making american soccer take off? >> i think it's unlikely but possible. it's the clearest step the truth
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is we have a rich tapestry of fantastic sports in america. to compete and amazing sports that we can see and enjoy. stuart: i'll be watching premier soccer this weekend. steve, thank you very much. you have a great weekend and get out there and enjoy the country of california. get to the markets. we have a guy normally on friday from chicago. but for some reason he's in new york. >> avoiding some gunfire in chicago and coming in to new york and pretty much the same thing and flying web great to be with you this morning and great to be with you and the what a
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rise. chipotle and c mz. stuart: you're on exotic kind of guy and crazy stuff. the largest star bubs in the world and voted to avoid unionization and they're not going to unionize and that's a real positive because unions destroy jobs and push out the cost of labor and this is bad for the employee. chipotle has been effective and they closed a store that was planning on unionizing. that was 20% in the last couple of months and not just chips and gawk and the absence of unions and chipotle with the profit margins and there's a huge shift. >> yeah, particularly to unionize fast food employees and if this goes through, you're not going to see the more mechanics
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and computers and robots coming in and you'll see less job the union can stay away and can't let you get away without exotic. >> sure, you menge it had several times and what's it do? >> i'm worried about the bank, stuart, the banks stocks and regional banks down 8% this last month and down 20% this year. bank stocks go down and one hedge and given that's seeing them again. stuart: that's fascinating. sef. >> always want to consult a financial adviser and more
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sophisticated and banks fall apart and it'll be a great head age. stuart: watching rear end. your back. # lauren: disney, espn. stuart: college football. lauren: on spectrum. stuart: u.s. open, can't watch it? lauren: correct. unresolved dis-contribution agreements and some -- dis-contribution and some customers in the -- distocontribution and some customers in the dark and -- st:
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tesla cutting prices and stock is down big. lauren: price cuts hurt margins and in addition to cutting premium s and x and more expensive in the u.s., they unveiled a new car for the first time and model 3 in china. stuart: jonathan hoenig, you're still with us. put your phone down. lauren: thought you were down. stuart: would you touch something like tesla at capitalist pig? >> it's out there and not the only game in town when it comes to ev and tes tesla is a perfect example of a volatile stock and broken growth and had it is day and new opportunities and particularly overseas and have the economic data this morning and saw u.s. dollar fall and i'm looking forwards it's not just exotic and overseas opt optionsd outperform in the options. stuart: hard sell for the audience. lauren: charging stations at tesla. stuart: now this, barstool pizza review goes terribly wrong. watch this.
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stuart: dave por portnoy calling that the worst piece soft and average place in america. schools in san diego encouraging students to transition in secret and providing a detailed gender instruction form for kids to fill out with a promise their school will not tell their parents. how about that? next one, navy seal jocko spent 20 years in the mull tear and taking lessons he learned and taking master classes on how to lead. jocko is next. ♪
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and follow the plan, it works. ♪ stuart: it's 71 degree and low humidity and stat shoe of liberty in new york harbor. thought you might want to see that and next case we have a new report showing most people are struggling to make ends meet. however, ashley. does everyone is feeling the 61% of inflation and barely making ends meet in july and up from 5
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#% compared to same month last year and -- 59% and same government report showing they're spending more to eat at restaurants and go to live shows and as well as things like toys and clothes and even prescription drugs and year over year ordering the beer and restaurant and more% more pricier compared to july of last year and price of clo clothing d footwear up 2.4% in july and clothing for children jumped 5.4% and heading in the wrong direction and bottom line inflation continues to do economic damage. stu. stuart: yes, it does. thanks, ash. look at markets and we trimmed the gains from earlier. dow up 60 odd points and nasdaq turned south and 15. they don't want to hold stocks
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and long wait a second when they don't know what happened. former navy seal offering a master class on leadership and jocko is that navy seal and joins me now. you've got five tactics for effective leadership and if you don't mind, we'll go through them one by one for comments and is that okay with you? >> let's do, stuart. stuart: number one, listen. what do you mean by that? >> it's the most underrated tool of leadership. everyone thinks about what they should be saying and telling people. stuart: that's kind of obvious, isn't it? >> seems obvious and all the time i work with people that prioritize other things above their relationship and yes, building that trust and that respect and influence between two people is the most powerful thing you can have on a team. solid relationship. stuart: what do you mean by practice discipline? >> well, discipline isn't just
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an idea to keep in your .h you have to actually have to do it and inside of an organization, you have to set up constraints so people know what they're doing and they know how to work and how to get things done without having to ask for a bunch of additional information and that takes discipline. stuart: move through things quickly. that's real good, jocko. how about no. 4, strike a balance. strike a balance with what? >> well, tough strike a balance with everything. for instance, if i was going really fast explaining things, maybe this time i have to slow it down a bit and explain that we as human beings and as leaders, if we get extreme in our opinions, or in our accounting standards boards, it's usually going to -- actions, it's usually going to cause a problem and as a leader person it's very important to stay balanced. for instance, we don't want to be making emotional decisions and those will be bad decisions and at the same time we shouldn't be completely void of emotions and find a good, solid
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balance as people and leaders. stuart: last one, take ownership and responsibility. is that accurate? >> yes, and you wouldn't think taking ownership would strike a cord with people and we learn it had in the third grade from teachers and parents to be responsible for your alaskas but, yes, indeed. all the time people make excuses and they blame other people. they blame other things when a problem occurs instead of tabooing open for the problem and come up with a solution to get the problem solved. stuart: there's your five principles of leadership, listen, strong relationships, practice discipline, strike a balance and take ownership. do you think the commander in chief, president bidens that the leadership qualities? >> commander in chief is a difficult thing to do to judge in the present state as a
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person. stuart: last one, do you miss being a navy seal? >> i absolutely do and miss it every day and best job in the world working with the best human beings in the world. stuart: what was special about it? >> waking up every day and knowing that the job you're doing is to go out and defend freedom and democracy around the world, that's a pretty powerful thing to be able to do. then when you have a bunch of friends arkansas friends and brothers that are extremely focused on exact same job and mission as you, it's a very powerful feeling to have. it's a come rod reigns leading not being able to economist anywhere else in the word. stuart: excuse me, i've never been in a battle or fired a gun in anger. is that what you miss, the adrenaline of battle?
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more important to me was friends and brothers hi and worked with and of course i still maintain contact with them and work with a lot of them today at the company i have now, echelon front, doing leadership con consulting. jocko, as long as you're on my side and that's all i'm worried about. good stuff. thank you, >> you got it. stuart: dave portnoy known for his one bite pizza reviews. how did this latest review turn into a screaming match? how did it happen? ashley: by the way, i'd do anything that jocko told me to do and very quickly. yeah, this fear became on the line and portnoy outside of a pizza restaurant doing a review and said the parmesan was too
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strong and gave it a 4 out of 10 and the restaurant came out to confront him saying his food shouldn't be judged with just one bite then told portnoy to -- well, in so many words move away from the restaurant and that's when it all went downhill very quickly. watch this. >> it's a public street. this ain't your business. >> this is my business and it's [bleep]. take it home [bleep]. stuart: he's across the street and go get him. are you going to tattle on me for being on a public street? just [bleep]. >> your shirt is six sizes to small, fattso. ashley: portnoy is good at that and yelling at each other and fing and behinding and no punches were thrown and sure he'll not be returning for another review. stu. stuart: he comes on this program again and i'm not going to be nasty to him, that's a fact. ashley. thanks very much, ash.
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nearly three million people were buying planes today and they'll hit the road. we've got travel report and holiday travel forecast including best time to leave home. we've got it all coming up. growing questions with the number of aging politicians and about to serve effectively and how the biden campaign is trying to down play the concerns. a report from the white house is next. ♪ i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi.
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stuart: lauren has the movers and not surprised that marathon oil, it's up to $85, $86 a barrel. lauren: correct, expectations of tightening oil supplies and saudi arabia is largely expected to extend that voluntary production cut of a million barrels a day into the month of october. stuart: i have a buck by the end of next week the price of
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regular gas averaging $4 a gallon. lauren: strong august deliveries 13,690 vehicles delivered last month and up 43% from a yearing a.ing a. stuart: we had this yesterday, amc, they're now saying that taylor swift's eras tour, the film of it shattered the records. lauren: they presale; right, like for the concert and doing it for a movie. shattered their records for tickets sold in one day. her concert movie i guess that's what we can call it, hit $26 million yesterday alone and everybody scooping up their tickets. stuart: no wonder the stock is $13 a share. lauren: girls dress up and another bonanza after barbie and the concert. stuart: it's fun. enjoy. age of elected officials in washington becoming a growing concern. lucas tomlinson at the white house. how is r they addressing the topic of biden's age.
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>> be rich if the oldest president in u.s. history knock mitch mcconnell on his age and speaking to reporters atrophy ma yesterday, president biden said he supports mitch mcconnell from one octogenarian to another. >> he was his old self on the telephone and having a little understanding of dealing with neurosurgeons and people and one of the leading women in my staff, her husband is a neurosurgeon as well, it's not at all unusual to have a response that sometimes happens to mitch. >> here's nikki haley not sounding as sympathetic. >> i think that we do need mental competency tests for anyone over the age of 75. i wouldn't care if they did them over the anyone of 50, but these are people making decisions on our national security. they're making decisions on our economy, the border. we need to know they're at the tom of their game. you can't say that right now.
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>> a new book by atlantic staff writer franklin forest says biden "in private would occasionally admit he felt tired". some democrats including former bill clinton adviser defending that saying they're tired of the job including former boss. >> look being tired and president clinton barely slept. he was tired most of the time, particularly during impeachment and i didn't know that was much of a shocking revelation to me. >> this week marked two year anniversary of america's hasty withdraw from afghanistan and president biden approval rating sank after americans saw images like this one from kabul's airport and biden went against the recommendation from top military adviser and leaders and the arrival rating never recovered and one more thing on age and beverly hills jury son sees evidence -- surgeons and they see evidence that bo tocks and fillers and nobody in television can fault him for that.
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right, stuart. stuart: good one. sting in the tale right there, lucas. that was good. see you later, have a great weekend. lucas tomlin son. son. katie mcgee white the editor from the washington examiner. will he be able to convince them his age is not an issue? >> the polling suggests he will not be able to and three quarters of americans including 69% of democrats are very concerned about biden's age and do not think he should seek another term. and i do wonder if part of the concerns are exacerbated by the fact that kamala harris who is even more unpopular than biden is would be the next in line if something were to happen to biden. i think american voters are concerned about the democratic ticket as of right now. stuart: katie, talk education for a second. two items for you. san diego school district is providing detailed forms asking students for their preferred pronouns and names.
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faculty may not tell parents about the student's choice. in texas, the state supreme court will allow, will allow a ban on gender affirming care for minors and those are two very different takes on trans in the schools and there's no clarity. can you provide us with some? >> what we're seeing in california right now is what's happening across the country, which is that more and more liberal districts are moving to undermine parents role as the primary caretaker and guardian ovtheir children and fundamental question at stake is whose kids are they? are they the parents kids or are they the states? the san diego forum essentially says the state has the responsibility to decide what's best for the child and that's not true. it defies legal precedent and common sense. the case in texas, i believe reaffirms parents as the sole caretaker of the child and makes it clear the state has an interest and protecting harmful
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interests and especially when it comes to experimental medicine and again legal precedent is on the side of texas here. red and blue states have moved to regulate experimental products in the past like oxycontin. stuart: it seeps libraries it's going -- seems like it's going to court and it'll be settled in court all over the country and it'll take a long, long time to get real clarity. >> many would agree it's ultimately going to the supreme court and too fundamental issue and too much disagreement between the states and i think the supreme court is going to have to weigh in on it eventually. stuart: yes, the authority of parents is at stake and it deserves a supreme court hearing and katie mcgee-white, thank you for being with us. appreciate it. have a great weekend. see you later. ashley, come on in. which state has the highest rate of cancel sulphur springsture in america? cancel culture in america?
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who is it? ashley: well, how about california? what a surprise. yeah. you knew it. that's according to an obscure survey by online casinos.com i don't know why they're doing surveys but the golden state leads the nation in canceling celebrities and the poll shows a 59% of californians would un-follow a canceled celebrity, oh my. on social media compared to 52.3% of americans nationwide. california had the highest cancel culture score and ranked from 0 to 100 and top mashes are waiting on respondents unwillingness to un-follow canceled celebrity and oh my god, i'm beginning not to care about this story. the likelihood of deriving them on social media and how long it would take to re-follow surprisingly blah blah blah. california by the way followed by kentucky and then alabama, that's surprising and idaho residents were found to be the most forgiving and have a great
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score of zero. let's move on. stuart: go to idaho, why not? ashley: yes, famous potatoes. stuart: i don't know how you got through that, ash. i really don't. thanks, ash. ashley: thank you very much. stuart: the truth is out there and available to the public. the pentagon just lunched a murrieta website about declassified information with ufos. we're on it. more than half of us leaving home this labor day weekend and one of the busiest holidays on the road and airports. garreth tenny has the forecast and that's after this. ♪
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♪ stuart: man on the moon, rem and that's port canaveral and the space coast and that's the reason we're showing that. the pentagon launched a new website for information about ufos. it's available to the public and features all declassified information. their site has pictures, videos of ufos along with assessments and explanations and p pentagons committed to transparency. staying in the skies, tsa expects 14 million people to fly this labor day weekend and transportation secretary pete buttigieg gave an update on the travel forecast. what did he say, ashley? ashley: not sure of ufos and speaking of chicago's o'hare airport and buttigieg said delays for air traveler this is year improved significantly. take a listen. >> when we look at delays that are attributed to the national
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aviation system, which does not include things under airline's control, what we see is that about 2.6% of delay minutes had to do with air traffic control staffing issues. i'd like to see that number at zero but has improved substantially from what we saw a yearing a. ashley: well, the transportation secretary says his agency is working also on strengthening passenger rights and also getting tough on airlines saying earlier this week it levied a $4.1 million fine against american ire lines for keeping flights on the tarmac for long periods of time without letting passengers off. they were trapped. stu. stuart: he'll be judged by this weekend's airport performance. ashley: he has will indeed. stuart: that's the way it is. thankers, ash. millions of people will skip the airport and drive to their destination this weekend. garret tenny joining me. tell me the quest time to traffic -- best time to travel so you don't hit traffic? reporter: well, stu, the best
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time to travel would be early this morning and there's a lot of folks listening to us in their cars thinking that's no help to me. for those who are still at home and haven't left, their best bet will be to wait until tonight or even tomorrow morning. the good news, bad news is if you run into travel headaches this weekend, you're not alone. more than half of americans are planning to get out of town for the hall day weekend according to wallet hub and due to inflation, about 42% say their holiday travels will look a bit different this year meaning a lot more cars on the road. today is expected to have the worst congestion of the weekend. >> what happens is if you wait too long on friday, you're going to be mixing with people who are commuting to work. a lot of people are working on fridays so the roads are going to be packed with travelers and commuters so we always recommend trying to leave as early as possible. reporter: triple-a expecting a lot more road trips this weekend due to inflation and waching
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their finances and that he has causing families to keep road trips close tore home. national average for a gallon of gas is $3.81, which is a bit higher than a month ago and roughly the same as last labor day. >> definitely am double thinking whether aisle take some road -- i'll take some road trips and use the car as much. >> we are headed down to the chicago shed aquarium coming from just over the border into wisconsin. coming on down to spend the day with our family. >> i usually stay at home to stay out of the crowds and all the traffic. reporter: but not this year? >> no, my nephew's wedding and would not miss that for the world. reporter: there's clearly still a hunger for travel post-pandemic and most travel numbers at least back up to pre-pan elmore ick levels and according to triple-a, bookings for flights, hotels, rental cars and cruises for this weekend are up 4% from where they were a yearing a.
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suh. stuart: got it, garret. thank you indeed. change the subject and back to the market. we have the dow 30 for you and i show most -- more than half are up, less than half are down. decent way to explain and flat to slightly higher and dow up 25, 34,747. don't go anywhere, folks. your favorite is next, friday feedback coming up. ♪ your best defense against erosion and cavities is strong enamel- nothing beats it.
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♪ stuart: i love this sole judges all right, that's fire island on a day like this, humidity and 72 degrees and sunshine. can't beat it. lauren: there's barely anyone on the beach. stuart: it's a little early. friday feed back time. ashley and lauren, here we go. first, from wes, was there a time when you lived paycheck to paycheck? yes, there was. there was. way back when, it's been a long time, but i have to tell you
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this, no matter how little i earned, i always saved something from every paycheck. how about you, lauren? lauren: the more you make, the more you spend soy feel like i'm perpetually living paycheck to paycheck but always save. ashley: i know what it feels like and doesn't take much to throw you off the rails and i understand that but putting money aside if you can is vital. stuart: you got it. this is from tony. do you select the music for your show? no, i don't. wish i did, but i'm overruled constantly by the producers. lauren: ashley got a lot of tom petpetit when he filled in for . ashley: tom petty and david bowie. i love the classics. lauren: he gets special treatments. stuart:'re going to play a lot of beatles and jim my hendrix and all that -- jimmy hendrix and all that stuff. run, stu, run. even if you don't run for president, i'm writing you in.
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i'm flattered but not born in the united states and i can't run. if i was born in the united states, i would definitely not run because i wouldn't want to be involved in politics. how about you, ashley? ashley: not at all. i love covering it but not being in the middle of it. stuart: lauren? lauren: i would think about it to try and affect change. yeah. i mean, i'm not, but -- stuart: what kind of change would you like to affect? lauren: geezing the list is long but i don't like what's going on in schools. that's my number one. stuart: congratulations on cohosting the next debate. can't wait to watch and as a naturalized american citizen heist, i'll be proud to have that honor. what's your proudest moment as a american? sitting in this chair, being able to communicate with the world from new york city about what's going on. ashley, i don't know about you, but i'm constantly surprised that americans are prepared to take news about them, what's
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happening in america, from someone with a foreign voice. how about you? ashley: i know. it's re-able and just speaks to the country and how open it is. i was told every step of the way as i moved around the country doing news that you know what, you've got a funny voice, you're clearly not from kansas. didn't matter, people watched and it's been tremendous. been so much fun, and i really have so much respect for the country and thank you for letting me in. lauren: i have a funny voice too i'm from staten island. stuart: but not a british accent and we don't want to hear your british accent either. susan writing about the zoo segment on the show thursday. stuart,ives trying to figure ouo figure out what that animal was too and the whole body was not visible and the man you were interviewing never explained why the rhino didn't have a horn. it was kind of a fun segment, wasn't it. i thought it was a camel. i thought it was a camel. lauren: i didn't know what it was. lauren: since when do you feed
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rhinos lettuce? is that what they eat? it got us going and a little different and enjoyed it. lauren: that's the difference, camel versus a rhino. a graphic or visual. stuart: the one with the umm hump. the camel. what's your opinion on age versus ability. there's no shortage of competent people over # 0 and highly incompetent people of any age. age is not the metric that matters most. correct, it is performance. ain't that right, lauren? lauren: charlie moneyer is 99, warren buffett is 93 and rue pert murdock is 92 and they're doing a-okay. stuart: yes, they are. lynn writes this, what's your most ardent hope for our country's future as you see for your grandchildren and yourself? that's easy, please remove the socialist from the chair of the senate budget committee. that's what i have to say. ashley, you're next. ashley: couldn't agree more. freedom, get the government out
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of our lives. stuart: yes, yes. wonderful stuff. why are you laughing, lauren? lauren: don't come to me. i done want to answer that question. stuart: you don't? all right, you're off the huge lauren: thank you. stuart: this is from lee randal. ikea moving to san francisco is save because no one will steal their furniture because it has to be assembled and involves work. funny and probably true. lauren: hire people to assemble your ikea furniture. it's a whole industry. ashley: well done, randall. stuart: worst three words in english language: some assembly required. lauren: for senior citizens or a woman. >> thank you, everybody. thank you, everybodying for sending in friday feedback. we really enjoyed having it. maybe we should expand this segment at some point in the future. anyway, when did labor day become a national holiday? 1882, 1894, 1908, or 1915? don't look it up, lauren, please. we'll be back.
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