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tv   Varney Company  FOX Business  September 19, 2023 9:00am-10:00am EDT

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[dog barks] no it's just a bunny! only pay for what you need. ♪liberty. liberty. liberty. liberty.♪ maria: welcome back. we've got about half an hour before the opening bell sounds, i want to thank doug collins and ryan payne for joining us this morning. a market that is negative going into the open. tomorrow we speak with the italy deputy prime minister. he is our special guest in the 8 a.m. hour. don't miss that. "varney & company" picks it up now. stuart: good morning, maria. and good morning, everyone. the government shutdown looms. speak e -- speaker mccarthy will put a stopgap measure to a
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vote in the house thursday. conservatives threaten to vote no. no deal by september 30th, the government shuts down. uaw chief shawn fein threatens to expand the strike by the end of this week if there's no serious progress, his words, by friday at noon. more factories will be hit. could be a long strike. the union has the resources to last out 11 weeks. the president is on his way to the united nations, shutting down traffic in much of manhattan, but it'll be a sparse attendance at the summit. leaders of china, russia, india, britain and france will not be there. last night the president attended a broadway for biden fundraiser. 1500 theater people heard the president declare that he's running so trump can't destroy the country. the crowd loved it and gave a lot of money. if they'd stepped outside to the streets, they would have seen the real destruction that's really taking place in this country. to the markets, the federal reserve meets today.
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interest rates, top of the agenda. the financial markets tell us there will be no rate hike the time around. maybe later. let's start with the treasury yields, the yield on the 2-year elevated. it's now at 5.07%. the 10-year is well above 4.3%, you're looking at 4.36 as of right now. you really have to pay close attention to the price of oil. it's now moved up to $93.30 for barrel, may be headed higher. but gas prices still not moving much. the national average for regular holding at $3.88, diesel at $4.58 per gallon. stocks, not that much change in advance of the fed meeting. cow's off 60, nasdaq's off 37 -- dow's off 60. bitcoin is moving to the $27,000 level, 27,1, to be precise. on the show today, the debt hits $33 trillion. interest on that debt hit $724 billion last year alone. it'll be more year. makes the conservative call for
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less spending perhaps more understandable. more anxiety over the biden campaign. "the washington post" says anxiety's rippling through the democrat party, and james carville says voters just don't want this ticket. tuesday, september 19th, to 2023. "varney & company" is about to begin. ♪ ♪ ♪ these boots are made for walking, and that's just what they'll do -- stuart: i do remember one. nancy sinatra, these boots will walk all over you. i've heard that before. okay, you're looking at manhattan. fairly clear traffic on sixth avenue. it's very different on the east side where the president is going to the u.n. summit. let's get straight to this, the united a autoworkers' strike the now in day five, and jeff flock is back on the picket line. tell me more about the uaw ask
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and maybe additional strikes, jeff. >> reporter: i'd say buckle up, mr. varney. we're likely to have that, you know? a lot of boots on the picket lines this morning. i like nancy's boots better, just fyi. but, and don't let this fool you, this is a small con tin vent at just one gate at the toledo asemiby plant where they make the jeeps for stellantis the. there are about a dozen gates in all with workers around them. yeah, the threat last night -- that's the only way you can put it, i'll let you hear it for yourself from shawn fein, the president of the uaw. >> i have been clear with the big three every step of the way, and i'm going to be crystal clear again right now. if we don't make serious progress by noon on friday, september 2 22nd, more locals will be called on to stand up and join the strike. >> reporter: and, stuart, the automakers are pushing back and
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digging in as a well. the folks at ford issuing a, you know, a response, pointing us to the cost of the uaw's proposals. they say already they're taking a beating when it comes to the hay or boar costs. $66 an hour is what they pay in wages and benefits. that compares to $45 an hour for the non-union folks at tesla. they say if they did what the bruin onwants, it'd be $136 an or hour. ford already is losing about, well, this year they say $4.5 billion on electric vehicles, and that is a key point of contention. the automakers say, you know -- [laughter] we've got to invest in electric vehicles. the workers say maybe you should put some of that money in our pockets. ford issuing a response, they say the uaw's demands would wipe out billions of dollars of profitability that is essential to investing in our future including creating and sustaining good paying jobs.
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our grady trimble is, as we speak, interviewing mark stewart, at least i think he just finished with mark stewart, the coo of stellantis, to get their take on where things are right now. i tell ya, you thought this was going to be over quick like that ups strike, i think you better think again, mr. varney. stuart: i know. [laughter] we thought about the it. they've got resources to last are 11 weeks, and they're paying strikers $5050 -- 5090 # a week. that -- 500 a week. jeff, see you later. straightforward politics, president biden went after trump at a fund raiser. he said, and i'm quoting now, i'm running because democracy is at stake. 2024, democracy is on the ballot again, and let there be no question, donald trump and his maga reprins -- republicans are determined the destroy democracy. mollie hemingway is with me this morning. if the president just walked outside,s he would see crime and
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the migrants which is really destroying this city if not the country, and it's not trump. what say you? >> first off, it's very interesting the hear all of this defense of democracy when the current strategy of the democrat party is to actually imprison their top the political to -- opponent and then try to keep the more than people from being able to vote for the candidate of their choice. that is a direct attack on free and fair elections, that is an attack on democracies, and it takes quite a bit of chutzpah for him to dppedz deny what his own department of justice is doing and what other democrats are doing as a well. but, yeah. the reason why biden's talking this way is because his campaign is in trouble. you have democrats openly talking about how they don't want him to run. that's not just about his age, that's not just about the corruption of his family or the corruption at the department of justice which is protecting his family. it's also about people not liking the policies. the economy is not good. foreign policy is not good. the border policy is not good.
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crime is rampant. and this is something that people associate9 with president biden. stuart: strategy, as a democrat, james carville is sounding the alarm on biden's lagging poll numbers. he told the new york times, a i'm going to quote now, the voters don't want this, and that's in poll after poll after poll. you can't not look at what you look at and not feel some apprehension here. the democrats appear anxious about ticket. i think they know or they certainly believe that biden can't win. what say you in. >> yeah, you definitely i saw something happen here in d.c. last week when david ignatius signaled that people who run washington, d.c. do not think that biden should be the nominee. but i don't know, you know, it's not like they have someone else waiting in the wings who can really take over. so democrats are panicking a little bit, it seems like, but they don't really have great options. they probably immediate to make a decision here very soon if it's not going to be president biden, and that would be a very
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difficult thing to manage. and it's the not just president biden, it's his vice president, kamala harris, who's somehow even less popular with voters than he is. stuart: i just can't imagine how this is going to work out, i really can't. mollie, thanks for getting up so so early this morning, we appreciate it. mollie hemingway. let's turn to the markets and wring in mike lee -- bring in mike lee watching the markets for us today. mike, just forget the fed meeting for a second, forget the fed meeting and interest rates. we've got a looming government shutdown, the united auto union workers strike, the hollywood strike, can does all these strikes and setbacks, does it have any impact on the markets overall at all? >> so the government shutdown, like, that affects a lot of donors, and, you know, the politicians getting their paychecks and paying back favorses, so they make a big deal about a it. not a huge deal for the economy. the most recent one was in 2019, merely a blip on the radar. hollywood's been on strike for a
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while now and no one's really noticed, but you can't understate the significance of this autoworkers' strike. the, throughout covid the lack of production of cars and the subsequent demand for cars was a key inflationary factor, and all of this has to do with the biden administration and their green nonsense. jeff flock just talked about ford losing $4.5 billion on electric vehicles. i've got an idea for ford, stop making stupid electric vehicles that no one wants to buy. go back to making -- what's that? stuart: no, no, they can't do that. you can't just ignore the government guidelines. the government is running the auto industry today. you can't opt out of their guidelines. they're in it, no choice. >> well, look, stuart, there you have it, okay? and they want, they want the working class people of america to pay the price. if so typically, you know, a lot
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of conservative people like me are not on the side of labor, but they negotiated the last contract in 2019, they took huge pay cuts and furloughs during covid, and now the cost of living has skyrocketed, and these companies have pivoted hard, these american automakers, to electronic vehicles of which no one wants to buy. and it's going to be the union workers that are going to pay the price. so this is why they're on strike, and they, these autoworkers need to talk to this biden administration, they need to call congress, they need to do what they can so they can keep these workers employed. look, every major manufacturing job is responsible for 3-5 other jobs in america. stuart: looks to me like tesla emerges as the winner no matter what happens. mike, stay will there. i'll bring you back a bit later for some other subjects. coming up, whoa, look at this, the governor of california, gavin newsom, says the president's age is not a factor. roll tape. >> i want a seasoned pro that knows how to get things done. i'm a little old-fashioned. i want a guy that produces
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results. and the results are in. it's been a master class. there's simply no administration in my lifetime that's been more effective producing more substantive results. stuart: whoa, that is over the top. there's more where that came from. we're going to tell you what he said about vice president harris. donald trump still running away in the polls. desantis is 47 points behind the former president. how is the governor going to catch up? well, governor desantis will join us and tell us how he's going to catch up right after this. ♪ it won't be easy to do -- ♪ and and i'm warning you, brother, i won't be leaving no room ♪ ♪ shelves. shelves that know what taste buds want. shelves smart enough to see, sense, react, restock.
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♪ ♪ >> president trump is beating biden right now in the polls. he's stronger than he has ever within in this process. and, look, i served with ron desantis'. he's not at the same level as president trump without any shape or form. he would not have gotten elected without president trump's endorsement. stuart: look who's here now, the governor himself. good morning, governor. >> hey, good morning. stuart: you heard the speaker's comments, you're not on the same level as president trump. pond to that, please. >> well, sure. i ran 16 points better than trump in florida, i won the greatest victory that's e ever been won by a republican in the history of governors' races. we were supposed to have a red wave in 2022, that crashed and burned around the country. florida, we did. it was instrumental in getting them the bare majority that they have, and i'd also say, you know, since kevin's been in
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congress, they've added trillions and trillions of dollars to the debt even when we had unified republican government. since i've been governor of florida, we've actually paid down almost 25% of our total state do debt. we've won budget surpluses every year, and we have the top rated economy in the entire united states. and so we've shown the ability to win big politically and also a to deliver on our promises. and that's, i think, what republican voters want. we always hear the rhetoric, and then the results usually don't follow. with me, everything i promised i'd do i've delivered. stuart: so are you on the side of the conservatives in the house who will possibly push the government into a shutdown? >> well, i think they're pushing for doing what they said they would do. i would argue the opposite though. i think it's the people that want to continue the status quo that are many if favor of shutdowns because this excessive debt and spending has shut down the american dream for so many
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americans. homes are often unaffordable, cars are unaffordable, even groceries now. that is a direct result of the behavior of washington, d.c. over these last four or five years with ungodly amounts of debt that they have piled up. so continuing to go in this direction is saying that you want to continue to inflict pain on the american people. i think they need to stop the pending, and i think they need -- spending, and i think they need to do it a better way. stuart: trump is 47 points ahead of you in the latest fox news poll. are you relying on hey and new hampshire -- iowa and new hampshire primaries to break through and catch up? >> well, of course, stuart. we don't have a national primary. if we had a national primary, we would have a different approach. it's a state-by with-state process. you accumulate delegates. iowa and new hampshire will be the first opening salvos, and i can tell you, you know, those are much different pictures on the ground than what some of the national narrative is, and we're showing up in these places. i think you've got to earn this
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thing. i don't think that we can just sit will and say someone's entitled to be nominated. you've got to go answer questions, you've got to go to these communities, and that's what we're going to be doing. we continue to gain support in the early states. we've got a long way to go. we're going to work very, very hard and, ultimately, we're going to be able to offer somebody with a great record of doing what he said he would do, strong leadership, someone that can serve two terms, be ready to beat biden and get the job done. stuart: governor, the billionaire gop donor ken griffin, he says he's sitting on the sidelines for this republican primary. he's been one of your principal backers. have you talked to him? have you tried to talk him out of sitting on the sidelines? >> no. i mean, i think there was a report said he didn't like that we had stood up against disney. but i can tell you, stuart, i have 6, 5 and 3-year-old kids at home. the idea that we are going to allow a company to come in and
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try to wreak havoc on our education system, injecting transgender ideology in elementary school, negating parents' rights, that is nonnegotiable for me. we will stand up for our kids, we will stand up for our parents and, yes, they're the granddaddy of them all when it comes to florida politics, but i'm happy to stand in the way of that and push back. if we can't get the education right, if we can't agree as a society that it's wrong to tell a second grader that they can change genders, then this country is just not going to succeed. i see our country on a variety of fronts including in education. we've reversed that decline in florida and, yes, we've had to stand up to disney to do it, but that was the right thing to do, and i stand by it 100%. stuart: i understand, governor, that you're planning to unveil your energy policy tomorrow. could you give us a sneak preview? is it, for example, going to be drill, baby, drill? is that your energy policy? and. >> is so what what it's going to do is we want to give people
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relief at the pump. gas is almost $4 a gallon nationally. in 2025 we're shooting for $2 a gallon, and that means you've got to let people do their jobs. we need to embrace the resources that we have both in terms of hydrocarbons but also in themes of -- in terms of having an auto industry that makes sense. we're going to get rid of the ev mandates so that people can buy the carses they want, and we are going to do things that are going to benefit us in terms of national security. biden's energy policy benefits china, iran, russia and venezuela. we are going to restore energy dominance, we're going to be so dominant if that all those hostile regimes are going to have a disadvantage. and that's, i think, what the american people want. stuart: let's turn to the border for a moment. 2,000 migrants crossed yesterday alone, 7,500 crossed just on sunday. my question is, governor, can migrants work in florida? illegals, can they work in
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florida? and if not, will you pursue any employer who uses them? >> no. so we have mandatory e-verify in florida. it's been very effective. you know, we're happy to have people who are native floridians, people that move from other states and even from other countries legally who come, and all those different people contribute to our economy being the top rated economy amongst all 50 states. but illegal aliens coming is not something we've done, and is we're proud to have stood up for the rule of law. i think that's what it should be. we've got to come in there and clean house when it comes to the border. this is going to be a day one issue for me. we're going to declare it a national emergency. we're going to have military at the border, we're going to stop the invasion that is happening. i am a going to build the border wall because i think that'll be effective, but i'm the only candidate running that is willing to lean in against the mexican drug cartels becauser ultimately responsible for the chaos9 with the drugs and the
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sex trafficking and human trafficking. that ends when i become president. stuart: governor, we're very happy you took six minutes out of a very buzzy day to be with us -- busy day. governor desantis, appreciate it. >> thank you. stuart: please don't miss the second republican primary debate september 27th right here on fox business. we've just received this, just coming in to us, the oversight committee will hold the first impeachment or hearing about president biden next thursday. it is the first hearing since speaker mccarthy announced the impeachment inquiry. this hearing will be a preview of existing evidence -- sorry, a review of existing evidence, and congress will explain the status of the inquiry. quick check of futures, we're looking at some red ink on the market but not that much. the opening bell is next. ♪ ♪ and the world with's gonna mow your name ♪
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stuart: all right, the market showing some red ink in advance of the opening bell, but i want to see the price of oil. earlier we had it at $933 a barrel, it's there right now $93. david nicholas joins me. you've got two dividend plays in the energy sector the. tell me about, paris first --
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first of all, sunoco. >> that's right. they've been in business for 37 years, they've got -- 137 years, they're the official fuel of nascar, 7/eleven is their biggest customers, but their balance sheet is strong. they just had 175 million of distributable free cash flow last quarter. they're covering their 7% dividend by 1.9 times, so this is a powerful stock. stuart: 7% dividend? is yes, sir, that does definitely get my interest, especially with oil going up. another one, paa. what have you got? >> stuart, this one's unique. plains all-american has pipelines that run all the way from canada down to the gulf. it's got 18,000 miles of pipeline. they grew their revenue by 50 percent year-over-year, they've grown free cash flow by 7 a 5% year-over-year. you're getting the stock less than where it was during covid, a name you don't want to sleep
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on, and it pays a 7% dividend. stuart: whoa, those dividends are safe, you think? >> they're pretty safe. plains all american has a 10-plus-year dividend history. you're not going to get a lot of dividend growth on sunoco, but as long as energy stays above $50 a barrel, these dividends are safe. stuart: 7% sounds good to me. david nicholas, thank you very much. tuesday morning. all right. the opening bell will ring many about 10 seconds. i'm not sure what that icon thing is there on the right-hand side. [laughter] i don't know what that is. but that guy's going to press the button, or one of them will press the button soon, and we'll be off to the races. i believe the dow is losing ground as we speak. the market has just opened. let's see what's happening to the dow. i saw it down 100 just a moment ago, it's now down 58. they've all opened up for trading, we'll get a better idea
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of where we're beginning for the dow 30. let's move on. the s&p 500 is down one-quarter of 11 percent. as -- 1%. as for the nasdaq, i see it e down .41%, so you've got some red on the screen today. how about bug tech? if the -- big tech? if the nasdaq's down, maybe big tech's down too. yes, it is. meta at 302, microsoft, 326, it's down $3, by the way, and amazon 138. instacart, that's the big story of the day. it's set to ipo at $30 a share. that gives it a roughly $10 billion s valuation. mike lee back with us. would you buy into instacart today or wait? >> i would wait, and i don't know that i'd ever buy it. the stock's valuation is down. you're at 9 billion from 39 billion two years ago, and there's questions about profitability going forward.
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i don't -- look, i think this is a cool company to use, but it's the not one i'm a huge fan of. stuart: okay. just tell me what happened to arm's ipo. last week went out, first trade 56. it's still at 56. quickly, what happened to arm? >> yeah, look, all the big banks are trying to get the ipo market hot again. and so they went public with arm, and a call was made out to all the big hedge funds and players, hey, if you want to be part of ipos going forward, you're going to need to support it. in the aftermarket if you expect to get lucrative the ipo allocations. 9 so they've kept it afloat, but it's the trading 4-5 times the valuations of nvidia a and doesn't have anywhere near the growth, so i'm going to wait and seen on that stock as well. stuart: disney is planning to invest $60 billion into their parks and cruise businesses. that's over the next 0 is years, but -- 10 years. is that enough? $10 billion over 10 years -- i'm
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sorry, $60 billion to over 10 years, to make you buy the stock? >> you know, i think if you have a multijeer time horizon, disney right here, it's a cheap stock. i think you're going to go through a fire sale with disney. you need to start shedding some assets to unlock some value. look, there's a lot of challenges in front of them especially with the hollywood strike going on, and a streaming business that's not looking the way it was a couple years ago in terms of forward growth expectations. you need to have a longer time horizon to step into disney. stuart: sounds like a, no, you're not buying it immediately. all right, mike, the autoworkers' strike, i think, gives tesla a huge advantage. would you buy tesla? >> you know, i loved it a lot more when it was trading at half the price earlier this year with. it's just a tough valuation in terms of stock. this is a great company. it's growing fast. the cars are unbelievable. and, yes, it does have an advantage with the other companies, with the other auto companies on strike. tesla, it's a little bit rich
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for my blood, but i think, again, if it's something you're going to hold on to, i think you're going to make money over time. stuart: all right. amazon and walmart shoppers, take note, amazon's just announced another prime day sale event october 10th and 1 19th. walmart's going to be -- 11th. walmart's going to be holding a holiday kickoff, october 9th-12th. moving on to macy's,s they're looking to hire 38,000 workers for the christmas season. that's down from 41,000 last year and 76,000 in 2021. target says they plan to hire 100,000 seasonal employees. that number's stay consistent other the years. -- over the years. any reaction to those numbers, mike lee? >> well, i think the macy's stat is, it's what you can see from brick and mortar retailers, right? amazon, the doors are, you know, the boxes are flying off the shelf as they keep continuing to take market share. amazon is an unbelievable business, and although it's way
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off its low, amazon is the only one of the stocks i'd really step into right now. but i think you have a slowing consumer, and amazon and walmart are going to continue to take share away from the places like macy's. stuart: okay. show me nvidia, please. it's an extraordinary chart. put it on the screen, if you can. it's down today at $437 a share. do you think -- it's an a. i. monster, obviously. do you think there's still some upside in nvidia, mike? >> stuart, i've never seen anything like it. their revenue was $6 billion in the first quarter, and it has, it is going to be above $16 billion next quarter. this that's growth like i've never seen. i'd imagine it's going to continue to grow from there. i don't know at the same rate. everyone looks at the screen and and sees a price to earning multiple of, like, 110 on nvidia. the reality is that's much more like a 30 or 40, and that stock is much cheaper than it looks, and that's' why people are
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calling it a bubble. there's an arms race for a.i. to figure out how that's going to play across corporate america, and there is going to be the trillions of dollars of investment over the next decade in a.i. you think about it as a massive gold rush, and nvidia is the big -- best pick axe store right next to the mountain with the most gold. [laughter] stuart: miking thanks very much for being with us today. see you again soon. >> thankses, stuart. stuart: coming up, the senate dropped its dress code requirement. it's been dubbed the fetterman rule, and senator fetterman doesn't understand the backlash. roll talk about. >> i feel it's a little more freedom which should be bipartisanship. i don't know why the right side seems to be losing their mind over it, oh, dogs and cats are living together. but, you know, i think it's a good thing. stuart: i'm sure jimmy failla has a hot to say -- a lot to say about that, probably casually attired.
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many parents want to safeguard their children from controversial books in school libraries. that could end up in chaos or,ing couldn't it? we got into that. the u.s. national debt, $33 trillion first time ever. larry kudlow says the growth, growth is the way to fix the debt problem. but where does growth come from with bidenomics? larry kudlow takes the it on next. ♪ ♪ (sfx: stone wheel crafting) ♪
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stuart: speaker mccarthy says there will be a vote on a continuing resolution on thursday, come what may. ing it would keep the government running. but mccarthy is facing9 lot of . aishah hasnie from capitol hill. >> reporter: if that vote
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happened today, it would surely fail on the house floor. we have been with seeing some public sparring going on between house republicans over the past 24 hours mostly online. they are now back here on capitol hill, and we might see some of that in realtime now. opponents say that there are now around 18 republicans that are hard nos with several more that are undecided, so this is not a good situation for this current c.r. the entire house gop if conference is meeting in one room for the first time this days. the house freedom caucus is pretty much split over this short-term spending deal that was offered up by their caucus and the mainstream caucus leaders. it would keep the government running for 30 days, increase border security and cut fiscal year '23 spending levels without touching defense, social security or medicare, things like that. but some is critics tell me it does not go far enough while others say, you know what? we want to skip a short-term
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band-aid altogether. >> i think we should be passing our appropriation bills. >> i don't want to continue another day with nancy pelosi's agenda, but we'll see what happens. >> pass the 12 appropriation bills. that's regular order. that's what was ea ea agreed to. >> reporter: what if the government shuts down? >> i think the government will shut down. >> reporter: you're hearing that more and more, stuart, they think the government is going to shut down next week. meanwhile, speaker mccarthy is facing serious criticism and threats to vacate the chair from within his conference. yesterday congresswoman vick e torreya sports called him a week speaker, and i asked the speaker to respond to her. >> one thing i learned in life, anybody who criticize you has never worked harder than you. and, i mean, if victoria's concerned about fighting stronger, i wish she would run again and not quit. i'm not quitting, i'm going to continue working for the american public. >> reporter: and that has only escalated from those comments.
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right now, unless things change in the next 48 hours, we are barreling towards putting this bill on the floor on thursday and it likely failing. stuart? stuart: got it. irish saw shah, thanks very much, indeed. i wonder what larry kudlow makes of all this. let's ask him, a because the man is on your screens right now. you've seen the proposal. the votes on thursday. whose side are you with on? >> whose side am i on? [laughter] well, i'd like to get 12 appropriations bills. right now they only have 11 -- 1, that's defense, and that 1 can't even, doesn't have the votes to get to the floor, so we'll see what happens. look, i think the most optimal solution here is to get a continuing resolution for 30 days past september 30th. by the way, the thursday deadline is kind of artificial if: the end of the fiscal year is september 30th, and give it another month, see if you can't
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get regular order. get all your appropriation bills done. that may or may not be possible. but when the republicans ran and when kevin mccarthy ran for speaker successfully, they pledged to have regular order. that's what a taxpayers should be able to get in order to see exactly what uncle sam is spending. they should not want last minute, huge omnibus spending bills. no one knows what's inside those bills. by the way, just to make it even more fun, jodey arrington, the chairman of the budget committee, is, i'm told, presenting to the gop congress, the gop if conference, rather, a balanced budget. this morning. without my tax hikes. a pro-growth, low-tax balanced budget, stu varney. stuart: none of it's going to happen. >> so there. what do you think of those apples? stuart: i love it.
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but it's not going to happen, is it, larry? >> it's not going to happen this session, but it's a great marker, and it's something the gop should run on. stuart: let's cut to it, larry. let's really cut to it. what are you going to do9 with the freedom caucus? >> i like the freedom caucus. i think they're very smart people. i don't agree with every single person -- look, byron donalds -- stuart: they're going to get rid of speaker mccarthy. they're trying to get speaker mccarthy out. >> i don't think they'll succeed, stu. neither you nor i know how that's going to play out. i don't think they'll succeed. i hear a lot of noise. stuart: with where's the -- >> byron donalds, stuart, let me finish. let me try to make a point. byron donalds, one of the leaders of the freedom caucus, was one of the people that tried to put this c.r. together, and he may not succeed in the next
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couple of days, but that doesn't mean he won't succeed before september 30th. so you have to see how e these things play out. this is not all that unusual. stuart: okay. where's the win, larry? where is the win from this standoff, maybe this government shutdown? where's the win for republicans and people who want small government, low taxes? where's the win? >> yes. i think the biggest win you can get is to pass 12 appropriation bills and stay within the limits that were originally proposed in the republican commitment to america. they slashed trillions of dollars off of the budget, and and i think that was a good idea then, and i still think it's a good idea now. and i think they should strive for that. by the way, the freedom caucus budget that we're talking about would cut discretionary spending by 8%.
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not just 1%. the report was flawed. now, i would regard that as a win. i would regard that as a win. i would regard regular order as a win, and i would regard no tax increases as a win. and let's not forget the gop house passed a permitting bill that would reopen the fossil fuel spigots. you see what's happening with oil marching towards $100 a barrel and over $4 a gallon. these are all legislation that they passed. i think it's pretty good. stuart: okay. let's hope it succeeds, and let's see a win. larry kudlow, or we'll be watching you, 4:00 eastern here on fox business. always a pleasure, thanks for being with us. coming up, last night broadway stars turned out to donate money to president biden's re-election campaign. 1500 trump haters packed a new york theater to hear the president say trump is determined to destroy the country. that's rich, isn't it? that's my take, top of the hour. new study says a of coffee,
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wait for it, can help calm your nerves? what? since when? doesn't caffeine hype you up? doc siegel is next. ♪ ♪ one more cup of coffee for us two. ♪ one more cup of coffee before i go ♪
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stuart: the cdc is warning of a rise in cases of covid, rsv and the flu, and they're recommending, you guessed it, vaccines to prevent it. doc siegel's with us. do we need shots for everything, doctor? >> well,ing stuart, no, you don't. and i'm an anti-fear-mongering guy, as you know. one of the things i was thinking about coming on today is you and i have spent over a decade with a non-political discussion about the flu vaccine on this show which makes me feel very comfortable talking to you. you don't politicize this. so what i want to say is these are tools in my hands, in the doctor's office, that i can go over on a patient-by-patient basis and say, look, i'm concerned about a possible flu season this year because in
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australia the beginning of the flu season was pretty severe especially among kids. i also say rsv, respiratory virus, can affect very young infants and older people, and it usually hospitalizes over 160,000 a year. so we've got tools now. we have two new vaccines, you know? it seems to me to be a no-brainer to offer it to people over 65. it's a little bit more concerning with pregnant women. the reason for pregnant women that maybe get the pfizer shot, pfizer has the one for elderly and pregnant women, gsk just approved for 65 and above. but here's the thing, you know, with pregnant women you're protecting the unborn infant. when the infant is born, that's e when they're at highest risk of rsv problems. of course, it can maybe cause early term birth, and that's of some concern. what i tend to do with vaccines that are just coming out, stuart, is i wait a little bit and offer it to the highest risk people first. and then i watch.
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so i don't barrel down the path with these vaccines, i use them as tools. i offer them to people who want them, and i maybe recommend them more highly to people at high risk. stuart: after those vaccine mandates, i think there's a lot of people that want to move away from vaccines period. maybe they shouldn't, but i think there's a reclub dance to take -- reluctance to take new vaccines. >> the mandates worry dib louse. they were based on a vaccine that do did not prevent spread. i agree with you. stuart: i want to move on to the coffee story. we are told there's this new study that says drinking coffee can calm your nerve. that, i'm sorry, doctor, but since when does coffee calm your nerves? caffeine is an upper, isn't it? >> this study was done on 150,000 buritz, so you have to take -- brits, so you have to take it seriously, stuart. even if you don't drink coffee. i love your producer for putting on that song, one more cup of
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coffee for the road, bob di hand. great song. [laughter] -- bob dylan. here's the answer to the question, it's that it may cause you to focus better, be upbeat a little more, and that focus and upbeat during your day decreases anxiety possibly. stuart: possibly. i just don't see it calming your nerves. sometimes it makes me quit terry, doesn't it you? do you drink coffee? >> it makes me focus better, and i like it for that. i'm a little bit -- it's in the like adhd, but it gives you more of a focus that you may need earlier in the morning, so i use it when i get up, absolutely. that and exercise helps a lot in the morning. stuart: doctor, thank you very much, indeed. we'll see you again soon. doc siegel, everyone. good man. still ahead, sean duffy, brian kilmeade, kennedy and david webb. the 10:00 hour is next. ♪ ♪ been looking for you. ♪ when i saw you, i knew that i
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smacked ♪ stuart: adele, wonderful voice

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