tv Varney Company FOX Business September 21, 2023 10:00am-11:00am EDT
10:01 am
♪ stuart: attention, we are playing elvis just for you. lauren: thank you very much. stuart: it is 10:00 eastern time. go to your money please, still at selloff mode, not as bad as it was a few minutes ago, dow down 170, nasdaq one hundred 82, that's one. 3% down on the nasdaq. this is the problem. the yield on the 10 year treasury keeps rising get. 4. 48%, up 7 basis points, doesn't mean much to most people but a rise like that is a big deal. the price of oil settling down. it has dropped. i was quoting from 20 minutes ago when it was $88 a barrel, now it is back up to $90 a barrel.
10:02 am
bitcoin $27,000 and change. very important numbers, realtors, existing home sales. what do we have? lauren: they fell, surprise drop down for months in a row, seasonally adjusted annual rate is 4.04 million homes sold on an annual basis. inventory of unsold homes the same, still at 3. 3 month supply, the median price rising 3.9%, it's going up to 407,000 one so prices going up, supply isn't changing, sales going down and the reason. stuart: i call that a moribund housing market. if you are selling existing homes at a rate of 4. 8 million a year, that's exceptionally low. i remember in the heyday, 2,006-7, looking at 6, even 7 million sales year.
10:03 am
>> can i jump in here? there is a silver lining to falling home prices and that is because housing is one third of the calculation for cpi. as housing backs off, that's good for inflation. stuart: mortgage rates, the yield on the 10 year treasury, 448, the baseline for mortgages. i believe the current 30 year fixed rate loan is out what? 7. 6. call it that. could get 8% with the yield on the treasury? lauren: especially with the fed. the hope and catalyst for the stock market was cut. they took that off the table. stuart: lot of interesting numbers today. now this. this is a developing story. it's moving fast. at the border wednesday 10,000
10:04 am
migrant encounters, that is on top of 2,000 who arrived on monday, 7500 on sunday. our border guy calls it a free-for-all. the governor of texas has declared an invasion, clearly a new migrant surge, late last night the white house announced it would grant work permits for half-million venezuelans, they can live and work here legally for 18 months, biden has caved to the mayor of new york who said the city cannot support them forever. they have to work. now who is next? hondurans? they have been flooding into our cities and taxpayers supporting them. they will be asked, why can't we work too. local people will be asking why are they taking jobs from us. the message will be heard loud and clear in central and south america, the borders open, they will let you work. our politics are encouraging the latest surge. open border biden is we, build
10:05 am
the wall trump looks strong, the cartels are not stupid. they know they have to crams them in now before there's a crackdown later. the biden/harris team will political price for this, immigration is the number 2 election issue after the economy. the situation is out of control and it's going to get worse, leftists want -- like pramila jayapal can blame the republicans but voters can see for themselves what is happening and they are blaming biden. second hour of varney just getting started. guy benson is with us this morning. have we opened pandora's box by allowing half-million venezuelans to work? >> pandora's box is already up and it has been open for 21/2 years under this president under these policies, the numbers go up and down but they are all hugely elevated
10:06 am
compared to when he took office and we are seeing an explosion down there, just recently the likes of which we haven't seen in quite a while. this could be one of the worst months yet in the biden border crisis. i think you hit on one of the most important points, sit back and think as a conservative i generally want to open my arms to people fleeing a country ruined by socialism. want to come here and work and all that. in isolation which i'm not against the idea of welcoming venezuelans to the united states at all. but it comes in the context of this broader not just surge but spike and when the word gets out, not if, when the word gets out south of our border and throughout latin america and elsewhere, look at this new amnesty, whatever they might call it, for this huge group of people, we might be next, the magnet gets stronger, the crisis gets worse and you can't divorce the broader picture from this action.
10:07 am
i think we are going to see a fueling of this disaster. stuart: the latest fox business polls show nikki haley just four points away from donald trump in south carolina and leads the gop race if trump wasn't running. this is a big deal. nikki haley gaining a lot of ground, do you know why? >> he had a good debate on fox news a couple weeks ago. she will to replicate that performance on another debate stage coming up pretty soon. you might have something to do with that evening that's in the works, she's going to try to keep that momentum rolling. obviously there are people looking for an alternative to run donald trump. ron desantis has been that person for a while, he is fading a little bit right now. she got some new attention, new eyeballs on her, she's out there fighting. the tell will be if she is really gaining traction in a meaningful way, will donald
10:08 am
trump start to attack her the way he attacks desantis every day? so far mums the word but we will see if that changes. stuart: yes we will. good stuff, thanks very much, see you again soon. voters new york believe biden and trump are unfit for another term. how many people are we talking? >> the pull of new yorkers, the answer 6 in 10. 52% say biden is unfit, 60% say the same for trump, 34% say both are unfit including 45% of independents. one of the most important issues to new yorkers, cost of living, the translation of that paul is the majority of new yorkers believe both leading contenders for the presidency can't fix the problems in new york. stuart: that's the take away. let's get back to the markets. adam johnson, you saw him momentarily at the top of the hour is with us for the hour i believe. i've got to get to this.
10:09 am
4.4% interest on the 10 year treasury. that seems to be what is killing it. >> that is the whole story, that is the whole story and the reason is not only does increase costs for people, it increases costs for corporations and from my point of view as an investor, all the future earnings that are part of my calculations why i want to buy a stock are worth less as rates go up and because they are with worthless stocks go down. stuart: i'm interested in the amount of money we are paying out in interest on government debt. i believe this year is about $650 billion, that's just a little shy of the 850 billion we put out for defense. >> into chocking? it's not sustainable and therein lies the problem. in fact, i would argue that i think most people accept while inflation is still around it is half the highs. we can live with where it is now.
10:10 am
people are getting pay raises et cetera but you start talking about government debt, that's the new inflation. we were worried about inflation last year, that's coming down, now we have to deal with government debt, there doesn't seem to be anything in washington aside from the 12 republicans who wouldn't go with the appropriations budget, doesn't seem to be any resolve even among republicans to do something about it. shocking. stuart: we never significantly cut spending. i don't think that has ever happened. >> crazy to think that 2 thirds of the government's budget goes to entitlements, social security, medicaid and medicare, 2 thirds. they only voting on the other third another that other furred, it is going to interest, that's a real problem. stuart: disney, chief executive bob iger says the company is going to quiet the noise, his words in the culture war with conservatives, looking to end his ongoing feud with desantis,
10:11 am
seem like more people pushing back against woke these days. >> i think we've had enough and now that you're starting to see nfl players, basketball players, had to fall in line because the nba was very strict, hook, line and sinker on the whole woke thing, people are pushing back, doesn't feel right. when you have 11, 12, 13-year-old kids pushing back against school boards not going to school because they say we don't want boys in our bathrooms, that's real. stuart: you think it's over. interesting. >> it is not over but people are pushing back. companies are having to pivot. look at the disaster of budweiser and bud light. people have had it. stuart: more on that later because you're here for the hour. let's see what's moving on the market today. i will start with the streamers, in a down market they are a lot.
10:12 am
tell me more. >> 2% gain for warner bros. discovery, parent, netflix even higher. the hollywood writers and producers, actors are near a deal to end to strike so the writers have been out since may 2nd, act as a been out since july fourteenth, first time both striking at the same time. i'm hearing there's not consensus soon with studios the strike could go to the end of the year. they are negotiating this week apparently close. if you look at the cost of this, gavin newsom sent to california is $5 billion. stuart: we have valero which i believe is number 2 in winners on the s&p ended up 2%. lauren: russian demand that ash russia temporarily banning exports of diesel, the few companies that do that have to look elsewhere. stuart: supply problems on the
10:13 am
market. pulte homes down, disappointing outlook. lauren: existing home sales was poor and you have high rates and that spells trouble for new homes which were attractive, you can't find an existing home, you purchase a new home, they are all short. stuart: the new world order takes effect, vladimir putin deepening his ties with china. he will meet with xi jinping in beijing. ukraine's president zelenskyy meeting with lawmakers on capitol hill. today he is trying to convince them to give ukraine more military aid to fund the war effort. chad pogrom has that story. bret baer sat down with a saudi prince discussing iran's nuclear capabilities. watch this. >> we get one, we have to get one. for security reasons, balance of power, we don't want to see that happen. we one christian whiten on that
10:14 am
next. we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. ♪ 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.
10:15 am
textures and styles. it's possible. with james hardie™. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day. schedule a free consultation. ♪ (upbeat music) ♪ ( ♪ ) constant contact's advanced automation lets you send the right message at the right time, every time.
10:17 am
when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off.
10:18 am
i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you. stuart: ukraine president zelenskyy meeting with lawmakers on capitol hill trying to convince them to give more aid. give me the latest, chad. >> reporter: the reception for volodymyr zelenskyy is different from last december. before christmas he spent to a joint meeting of congress. there was skepticism about money for ukraine then but opposition only intensified. some conservatives were not impressed by the call for aid by top administration officials yesterday.
10:19 am
>> there's some path to victory in ukraine i didn't hear it today. i also heard that there's going to be no end to funding. it's not close to the end. i would say what we are basically told is buckle up and get out your checkbook. >> reporter: house minority leader hakeem jeffries accompanied zelenskyy to the first meeting yesterday, yesterday, cia director bill burns and director of national intelligence averell haynes. >> if you are in that briefing and you came away believing what we do in ukraine doesn't affect our national security interest in the world, you've literally had your ears close to. closed. >> reporter: some gop members especially in the house oppose attaching any ukraine money to an interim spending bill to avert a government shutdown.
10:20 am
>> it is very clear that if we were to have a government shutdown or pass the cr with no ukraine aid that the effect on ukraine would be very quick and devastating. we cannot let putin win without aid, ukraine could run a strong risk of being defeated. >> zelenskyy is meeting with senators in the old senate chamber, he talked with house members in a cramped room where members meet with constituents for coffee and donuts. the room said a lot about what some house gop members think about zelenskyy's request. stuart: tells the story, thank you very much indeed, see you soon. bret baer sat down with the crown prince of saudi arabia, listen to what he said about the possibility of iran getting nuclear weapons. >> when we are concerned about any country getting nuclear weapons it is a bad day.
10:21 am
even if you get a nuclear weapon, any country using a nuclear weapon means having a war with the rest of the world. >> if they get when will you? >> if they get when we have to get one for security reasons about her balance of power in the middle east. we don't want to go there. stuart: there you have it. christian whiten, former state department official jointly. mbs went on to talk about peace with israel, they are negotiating, he said and every day we get close, that's what he said in the interview. my question is could the nuke argument interfere with the is really saudi peace negotiations? >> it probably will. the big sticking point is us assurance of saudi security, something like a formal treaty where in the past it was less formal. the saudis are irritated or
10:22 am
concerned because they have seen the biden administration not step up to iran, we paid around $6 billion for 5 hostages. there have been a number of instances in the persian gulf and outside the gulf of oman where tankers have been going from saudi arabia to places including the united states and the us only finally reacted in july to that and there's this concerns that saudi is not going to hear or feel what it needs to feel from the biden administration. stuart: are we as america in a position to give a security guarantee to saudi arabia? >> we have lots of these agreements, some of countries that might surprise you, the philippines, estonia. i think countries look at that and what's less important to them is what is on paper as opposed to what exists in the real world.
10:23 am
bahrain we don't technically have an agreement with but we have the us fleet in the persian gulf so i think it would have to come with significant agreement on rotation or deployment of forces, an agreement to somehow end the fact that whatever saudi wants to purchase from us, there's long delay in congress typically. ironically this agreement has to have that happen while democrats control a lot in washington assuming any of that changes in 2024 because of democrats are in the minority they will become strongly opposed to giving this to saudi arabia. we will see what happens. stuart: putin accepts an invitation to go to china and meet with xi next month, looks like the new world order is hardening up. what do you say? >> it is. putin said he is determined the us dollar supremacy in the supremacy of us-led system goes away, tells us a lot about china. xi xinping has not been traveling much, didn't come to the general assembly in new
10:24 am
york, cut short his visit, brazil, russia, india, china, south africa so something is going on in china. an interesting mixture of events. stuart: if you leave the country what is going on back home? thanks very much indeed. see you again soon. check the price of oil this morning, has a lot to do with future energy inflation. oil is at $90 a barrel, national gas price average $3.86 per gallon of regular, look at diesel, $4.58 is the price of this morning, the national average. adam johnson. are we headed towards $4 gas and $5 diesel? >> we most likely are. the biden administration decided this week to restrict drilling on federal land coming in this case new mexico. the first thing mister biden did when he took office, literally the first thing he
10:25 am
did on the first day was to empower the department of the interior not to approve new drilling projects on federal land. if you wonder why the price of oil is up don't blame russia, don't blame what happening overseas, blame what happening on our own soil with the biden administration not letting us drill. we are drilling less now than we did before covid. that is the problem with gasoline. stuart: thank you very much. new data shows many young adults are living with mom and dad and they like it. role it. >> is this your place? >> no, no, no, no which i live with my mom. >> you hungry? hey, mom! get some meatloaf! stuart: nice clip from a good movie. we will tell you how many americans are living with their parents. you may be in for a shock. parent across the country fighting with school districts over woke ideologies, covid mandates, school choice.
10:26 am
10:27 am
teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve. i recommend sensodyne. sensodyne toothpaste goes inside the tooth and calms the nerve down. and my patents say: “you know doc, it really works." -dad, what's with your toenail? -oh, that...? i'm not sure... -it's a nail fungus infection. -...that's gross! -it's nothing, really... -it's contagious. you can even spread it to other people. -mom, come here! -don't worry about it. it'll go away on its own! -no, it won't go away on its own. it's an infection. you need a prescription. nail fungus is a contagious infection. at the first signs, show it to your doctor... ... and ask if jublia is right for you. jublia is a prescription medicine used to treat toenail fungus. its most common side effects include ingrown toenail, application site redness... ... itching, swelling, burning or stinging, blisters and pain.
10:28 am
10:30 am
stuart:'s fox business network will host a special edition of "the big money show," education in america a-train special guest betsy devos and vivek ramaswamy and tim scott. it seems to me this is going to be all about school choice. is that correct? weather you natalie, 70 parents made decisions and voted with their feet leaving blue states to vote a red states because they wanted more choice, they wanted more hands-on approach and access to their children's education. a lot of people have gone to florida for that. this is going to be a big issue in 2024.
10:31 am
that's why we have senator tim scott on. remember in 2016, trump was able to swing suburban female voters. he lost them in 2,020 but that is going to be, these were very close elections however the nominee is, if they get that vote back it can make a big difference, parents, mothers care about school choice. stuart: you are an educator. rank education in terms of election priorities next year. economy at the top i got that. brian: it has got to be a top 3 issue for me and that's because it's a question of the future of this country. talk about education, not just how you are doing right now but how will we do as a nation for decades to come, the data is not good, you seen his, reading, math, whatever you want to talk about, we got to fix it. that's why we talk about solutions, not just the problems but how do you fix it. stuart: this one is for you. schools back in session and
10:32 am
more children, youngsters are using chat gpt to help with their assignments. is that cheating? >> it depends on the school policy. i think unsupervised use of chat gpt absolutely hurts students because we know it is imperfect, we know there's a liberal bias, it's not 100% accurate but artificial intelligence in chat gpt is not going anywhere. unless we figure out how to leverage it it is a full zarin to try to eliminate it and think students are not going to use it. we've got to figure out how to make education better through use of artificial intelligence like chat gpt. stuart: a i can help with school choice. bring a i intuit and we are all for that. it has got to be. next case, 45% of all young adults, people age 19 to 29, young adults still live at home with their parents and they say they like it and around the table and see what you think of this. what do you think of it? >> people aren't leaving the
10:33 am
nest for a lot of reasons, number one a cultural shift as a result of the political environment we are in. it is cooked will not to work, acceptable to live at home, it is excitable not to fly out on your own but at the same time inflation compounds the difficulty for kids to be able to get out. people who wanted to buy a home can't, rents are skyrocketing so it's a tough time to target them. stuart: 7. 6% of mortgage heading to 8%. what have you got to say? >> don't know what they're missing, get out of the house, life is a lot better. stuart: that was short and sweet. lydia: as someone who, after law school and stayed with my parents were you i know what a benefit it can be. it's a smart move if you still have the motivation to get out and get on your two feet. stuart: world turned upside down. i'm older than most of you. older than all of you. in my day you reach the age of 18 you are out.
10:34 am
brian: you wanted your freedom. stuart: thanks, everybody, look forward to it, you can watch "the big money show"'s education in america townhall today, 1:00 pm eastern on fox business. thank you very much indeed. now this. fake listings have become a real problem at airbnb. fights president harris said climate anxiety causing youngsters to put off buying a home. what's the concern? climate will cost? is it cost? madison alworth has that next. ♪ ♪
10:35 am
welcome to ameriprise. i'm sam morrison. my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcias, love working with you. because the advice we give is personalized, hey, john reese, jr. how's your father doing? to help reach your goals with confidence. my sister has told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire gold terra is drilling deep and rediscovering high grade gold. their project in northern canada has already unveiled nearly 2 million ounces of high grade gold, with a strategic plan to uncovering millions more. gold terra resources.
10:37 am
10:38 am
say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod. stuart: the dow is coming back a bit. it was down one hundred 60, one
10:39 am
hundred 70, it's down one hundred 13 points. not much of a comeback for the nasdaq, it is down 34 points, adam johnson is with us. he's got to start with apple. you think the iphone 15 was a nonevent? >> total nonevent. stuart: you don't like it? >> i love apple. i own it, never going to sell it. there are a lot of reasons to own apple. the new iphone is not one of them. it doesn't do anything to but what's most exciting about apple, there's a lot of talk about what's happening with india, apple telling iphones in india. if apple makes their india business as successful as their chinese business, earnings will go up 40%. that huge. all they have to do is they can do it. >> they sell or production to india and that's the way to get the indian market because india, if you want to sell in india you have to make stuff in india.
10:40 am
stuart: two of your stock pixar arm and instant cart. they are your stock picks. you like them and think they are going up? >> i'm looking at them. i don't own them now. they debuted in the past 10 days as ipos and what's important here is they were both up significantly, both oversubscribed, and it says that the ipo market is coming back. the ipo is down 75% from the high in 2,020 one. last year we couldn't get anything done. the market is shut down because rates were going up and didn't know how far they were going. the markets now are starting to open up. empties getting back into financing themselves, that's a positive sign so i'm watching the. stuart: all right, thanks very much. vice president kamala harris said that climate anxiety is
10:41 am
causing young people to rethink major decisions like having a child or buying a home. you spoke to ordinary people on the street. did they agree with the vice president? >> reporter: not exactly. this is great because it is one thing if someone in washington says it, you want to know what people have to say but starting first with harris because the issue is young people putting off big life decisions like buying homes, she says it is due to the environment, making these comments as part of his national fight for our freedoms college tour. take a listen. >> i have heard young leaders talk to me about a term they coins called climate anxiety. right? which is here of the future, the unknown, whether it makes sense to think about having children, whether it make sense to think about aspiring to purchase a home. what will this climate be?
10:42 am
>> we want to ask young people of climate is the reason they are holding off on having kids. here is what they had to say. >> it is more about the economy more than the carbon footprint. >> my top reason for not having children. >> young adults can 't do that. they have a lot of student debt. i feel that's the reason why. >> it is expensive. a lot of factors, i never factored that into be honest with you. >> reporter: money money money, that's the biggest thing holding off the traditional american dream whether it is kids or home or otherwise. that's what we saw in the latest fox news polling, the top issues voters are concerned about, having to do with money. inflation, cost of passing, amount we pay in taxes, but that topping concerns, not necessarily climate when it comes to planning for the future. think about it, even though every generation changes every
10:43 am
generation before they had kids, are we ready? do we have the money to make this happen. this is a time of high inflation, record high mortgage rates. the question of can i afford the next step is very real. stuart: that's the big question. not is there a planet with living in five years from now. >> we are little self-centered. if you want to have kids you just do it. the idea that climate would be the reason doesn't make sense. stuart: i have no comment on this whatsoever. a great report, thank you very much. existing home sales, 4.4, 4.4 million on an annualized basis. mitch rochelle, real estate guy, 4. 04 million on an annual basis, that's extremely low, isn't it? >> extort merrily low. trillion homes on an annualized basis. we were talking about this during covid. that is a big change, devastating realtors, the real
10:44 am
victim, the people who want to purchase a home, people actually do want to purchase homes of all ages and they can't. blue on the median price of existing home sales, 4700100, that was up 3%. how come prices are rising in a moribund market? >> supply and demand. there's demand. demand greater than supply. what we need to do is figure out some fiscal policy that incentivizes builders to build and people trapped in their homes because they don't want to pay taxes on the game, to put those homes on the market. there's got to be some plan to help first-time homebuyers and let's ignore how wealthy the people aren't create a tax incentive to sell the homes, rollover the game like we used to back in the day so homebuilders, give them a
10:45 am
financial incentive and tax break to build homes for first-time homebuyers. stuart: it will not happen soon. that is how things are going to get fixed. thank you, appreciate it. what is your outlook on this? >> i should be a homebuyer but i'm not, they keep going up. new highs for all the reasons mitch is discussing in supply and demand, minting money, they can't make an of houses and ironic there's so much demand with mortgages. stuart: people always want to get into a house. they have nothing for sale. anything goes up for sale you sell it immediately. >> the ones that are selling. a one thanks, let's get to this. airbnb has a problem with fake listings. first of all, define what a fake listing is and tell me what airbnb will do about it. >> i know someone who was traveling from italy to holland and spoke to their airbnb, shut up in holland and it doesn't
10:46 am
exist. they had no money left and had to return to the united states. it creates a listing. stuart: they paid in advance. lauren: sometimes you pay for the whole thing depending how you arranged it so they get away with the money. so now what airbnb is doing because this hurts their reputation and gives business to the hotels, using artificial intelligence to verify the listings to make sure they are legit, compare them with actual photos and weed out the identity fraud. 59,000 listings, prevented another 7,000 from joining this year alone so it is annoying for the customer but very expensive. stuart: the first time i heard a i did this and did this well. that is good. lauren: it will work more going forward.
10:47 am
stuart: a key ingredient in diet drinks could cause memory loss. we will tell you what you need to know. agents encountered 10,000 migrants at the border, southern border in one day, yesterday. star reporter bill melugin has a live report next. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh.
10:48 am
if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763.
10:49 am
10:50 am
10:51 am
stuart: we have these numbers, 10,000 migrants walked across the border. bill is right there. >> cvp encounters of 10,000 migrants yesterday puts us right back into the all-time record high numbers. and eagle pass this morning the activity has been nonstop. let's get to our fox news drone we've been watching since sunrise, groups of people crossing illegally in eagle pass.
10:52 am
a group trying to get into the us stopped in texas, razor wire has been deployed, national guard soldiers. of these migrants are not able to find a hold in the wire somewhere, they walk, the bottom line is they expect to be let in, border patrol will let the men, state of texas will not let them in. take a look at this video, drone video from mexico in eagle pass, $7000 once. on the mexican side of the river, there was absolutely 0 resistance from the mexican side of the river, they were streaming into texas, and take a look at this video on twitter yesterday. he's accusing the federal government border patrol of cutting the razor wire texas has laid out on the edge of the river.
10:53 am
these images show agents covering the razor wire and letting up, letting migrants in before the big rush happened and tweeted in part, for illegal crossings. the biden administration cut that wire, opening the floodgates to illegal immigrants. i deployed more texas national guard to the crossings and install more razor wire. dhs officials tell us they have no comment on the accusations. the juxtaposition between legal and illegal crossings. masses of people crossing illegally. the 3-year-old boy drowned in the river here yesterday afternoon at another drowning a matter of minutes ago. stuart: the national border
10:54 am
patrol council, we are giving half-million venezuelans work permits. have we opened the floodgates? >> we have. all that is going to do is invite more people to cross our borders illegally. that's a reward for violating our law. when that gets spread throughout the world, that will encourage more people to put themselves in the hands of these dangerous smugglers and we will see numbers skyrocket more. it makes no sense what this administration is doing if they want to get this under control but we don't have any belief they want to get it under control. we believe it is politics and this administration is going to pander to its open border base. we believe they are trying to energize their base, that makes our country a lot less secure and it is unfortunate and monstrous to see what this administration is doing. stuart: the surge picked up in august and september.
10:55 am
that's because biden looks weak whereas build the wall trump look strong in the cartels want to get as fast as they can before somebody in a position of authority cracks down. what do you think? >> your theory is correct. there's another part to that theory. that's the base of this administration. we constantly see special interest groups advocating open borders and special interest groups have sway with the white house. all you have to do is look at dhs, political appointees in dhs, they come from activist backgrounds. the white house, a lot of those individuals are political appointees from activist backgrounds. this is what they want, not only are we enriching the cartels but playing, pandering to a small segment of the united states population and activist groups. that doesn't serve the american people properly.
10:56 am
it doesn't allow us to go after criminal cartels, doesn't allow us to keep the fentanyl out of the country. stuart: thank you very much. thank you to adam johnson who's with me for the hour. come back soon. still had, tennessee congressman mark green on what congress is doing to deal with the out-of-control border crisis. douglas murray on britain's prime minister softening climate policies. jason rantz on the census bureau wanting to collect data on americans gender identities. the 11:00 hour is next. ♪
10:57 am
♪ i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage.
10:59 am
11:00 am
( ♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. >> nikki haley had an amazing debate, and this proves that debates matter. >> we're less creditworthy, that means it's morest costly for us to be able to borrow money. >> it is
49 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on