tv Varney Company FOX Business September 27, 2023 11:00am-12:00pm EDT
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border, and they want it now. >> i think the economy is key, it's front and center in so many americans' minds as they're depleting their savings. there's record drawdowns on 4011ks. >> this is going to to be the second big night of the process because so many people watched that first debate, we're likely to see lots of people watch the second debate. >> in a bear market, it's very select ty the on the sectors that will actually work. >> we're still bullish on account of the fact that as far as the first leg of the new bull market, we haven't broken down here. ♪ i have spent all of my life -- ♪ waiting for tonight, oh ♪ david: i think stuart might be able to say that. tonight the night for stuart and our panelists at the big debate. this one in simi valley, california, the wonderful ronald reagan library. i've never been there, honestly, but the pictures that you're seeing here that we've who got it all covered, this is one of our drone shots which is
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extraordinary. it's a beautiful day in california, ask we've got it all covered for you. good morning. it is 11:00 eastern. i'm i'm david asman in for stuart varney. we're just 10 hours away. we've got live coverage throughout the show. first, we're going to check the markets. we should mention we see all red right now. in premarket activity we saw all green. we were expecting to see a good morning. it hasn't been so. now all of the indexes are in the red. the dow is down 76, nasdaq is just down a fraction as is s&p. but, again, a complete turn around from where the markets were. show me big tech if you can because they, again, were all in the green. alphabet and meta in the green, but microsoft, a apple, amazon, her all in the red. 10-year treasury, let's see that is now in the green. started out negative figures, interest rates had come down, now the 10-year yield, over # 4.5%, 4.56%. it's in the green. the yields are up. that might be driving the markets down.
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back to the second republican debate. let's bring in martha maccallum who is with us. >> hi there, everybody. good morning. david: you mow what the dethe baits are all about. i asked -- debates are all about. i asked stuart, how are you going to keep order. i'm sure you had some advice. they want the debaters to debate among themselves, but how do you stop them if they're talking at the same time? >> i would say this, a boring debate is worse than one that occasionally runs over the buzzer, you know? nobody wants to see everything perfectly aligned and, you know, lots of talking points. you do want to shake it up, you do want to get these people going at each ore -- other, and then you have to rein it back in. bret and i had to jump in several times, but the key is to make sure that you're balancing the time. that's one hinge that view soars right not realize. our producers are keeping track of the amount of time that each candidate has. it's never going to be 1100% -- 100% even stephen, but you want
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to keep it fair and balanced up there. if there was a situation where we knew somebody wasn't getting as much time, then maybe you're tossing a question to them that would have gone to someone else. so you try, a moderator, i actually loved this role because you are moderating the situation. it's different than an interview. this is not a one-on-one where you're going back and forth with the person. you want to keep them on the rails. you want to have all of your background to hold their feet to the fire on, no, that's not what you said 10 years ago on that. you have to have that ready to go. but really it is about candidates. david: and as you were saying, you don't want to be a slave to the buzzer. brit hume has been saying that for years. you want to control things. you don't want everybody speaking at the same time, but if there's a little bit of overtalking, you want to let that go. >> this is why we don't have a.i. moderating debates, right? you want to use your judgment, and if someone is going somewhere that is an interesting moment, you want to let them finish, you let them finish. the buzzer is a guide, but i
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told stuart it should be nice and loud. [laughter] david: he knows how to do it. he's got that great british accent. >> exactly. david: let's bring where it up to what's happening now. it's very exciting, what's happening mt. movements mt. polls. i know they're polls and i know the election's a year off, but at the same time biden is really in trouble right now. and independents, we always look for that biggest voting bloc. 40% of voters are independents, more than either the dem the do accurates or the republicans -- democrats or republicans. only 36% of incompetents approve of -- independents approve of biden. just 36%. and the very interesting fox poll that took place about a week ago, there is a huge move, a big swing in which trump is now over biden among independents by 10 points. i think we can put it up. trump over biden by 10 points among independents in october, late october 20222, they favored biden by 20 the points. so it's a complete swing. what do you make of in this? >> so this is where elections
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are won, right? and what's interesting to this, i always -- and i know you guys all saw deny this as well, national polls are pretty unuseful in many wayses. you want to look at the early primaries. we're only a few months away from iowa, new hampshire, south carolina. however, this is the question, when people are asked if you had to the pick -- and we know most people don't want to pick between trump and biden -- but you had to pick today, who would you pick? what ooh so fascinating is i would gather given this 10-point gulf, you're seeing even suburban parents in areas across the country who are saying, well, if i had to pick given the fact that my target just closed and people are, you know, i can't -- i have to unlock everything at walgreens, and my kids are not caught up in their classrooms yet and all of this stuff that's going on, i guess with that, you know, they're saying i would go back to what i had rather than what i have now. are you better off now than you
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were then, right? that reagan question. and given that binary choice, that's what they're a saying. so, you know, as you say, we're more than a year away. more than a year away. david: all those questions about biden too is and more stuff coming out about his relationship with hunter a -- hunter's business -- >> we'll be covering it today on "the story." thanks, guys. david: thank you very much, martha. let's get back to the markets and, again, big switch because at the beginning of the day it looked like they were going to be taken off. in fact, they have taken off to the downside. and remember what happened yesterday? the dow was down almost 400 points yesterday. the nasdaq just popped in the green. mark tepper joins us now. you are with us for the hour. >> excited about that, david. david david are you bullish or bearish? do you want to put yourself in a category there? >> i would be expecting both a correction and a recession, so i'd probably have to go in the bearish camp. when you look at the stock market, last week hedge funds
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ramped up their short positions the most they have since march of 2020 which is when we had peak fear at the beginning of pandemic. when you look at etf demand, the etfs that are most in demand right now are defensive -- david: like? >> like either an agg, a bond position or a dividend payer, so things like that. and then when you look at just overall recession warnings, small caps aren't doing well, industrials aren't doing well, and that typically coincides with a recession. now, on top of all that stuff we have a consumer that's getting tapped out. consumers are reaching for their credit cards, savings are being depleted. a few months ago i was on here and i talked about how for the bottom 60% of americans, bottom 690% of income earners -- 60% -- they have less in savings today the than they did at the beginning of the pandemic after you adjust for inflation. that is now a bottom 80%. so only the top 20% are doing better. so when you're losing that middle income earner, it's going
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to be tough for the economy -- david: now, these people had been maxing out on their credit cards just to kind of pay the bills among other things with rising inflation. what happens when they have to pay the pipersome. >> that's actually starting to happen right now. credit card application rejections are skyrocketing. so the old game of, you know, robbing peter to pay paul, you go out and get a new credit card when you max the last one out, that game's coming to an end. and then you throw on top of that student loan payments coming back on line which are $380 a month, the consumer's many a challenging situation over the course of the next few months. david: they just told me you're working on your birthday -- lauren: today? if. david: good stuff. >> appreciate it. david: thank you for spending some time the, we appreciate it. lauren, come on back in. you're looking at amazon. lauren: down another 1 after yesterday's selloff. so lina khan's ftc and 17 state attorneys general, bipartisan by the way, they filed an antitrust
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lawsuit that characters -- targets the core business, e-commerce. it allege as amazon literally punishes sellers if they offer products cheaper elsewhere. how are they punished? amazon allegedly pushes them down in the search results. also coercing sellers to use amazon's more expensive fulfillment services. the suit stopped short of calling for a breakup of amazon, but already amazon warning, look,erers will see -- consumers will see higher prices as a result. david: that's interesting. new york stock exchange terra energy. -- new york stock exchange terra. lauren: down they go. they cut their long-term growth outlook. when i say cut, hay slashed it in half, and the reason is higher interest rates. david: costco. let's switch to costco. lauren: they were down earlier even though they had better than expected earnings, but ten plus brokerages have raised their price targets, the highest is
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$680 which is $120 more than where we're at now. first, in my opinion, investors were disappointed that after six years costco didn't increase those membership fees. so maybe the thinking is, well, costco knows what they're doing because they realize how fragile the consumer is, they want retech. a higher price might make consumers say, okay, we can't afford concern. david: wish them the best. costco, go for them. lauren, thank you very much. former auto czar steve ratner is criticizing president biden for attending the uaw picket line. he's calling it flat out wrong. meanwhile, a mob of more than 100 teens ransacked businesses across philadelphia. this was last night, excuse me. police say they were coordinated attacks, organized crime. we've got the full story. and a new poll showing donald trump is gaining among hispanic voters. most of them are frustrated with the current state of our economy and what's happening at the border. sean duffy dealing with that one
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david: and now this, the house oversight committee is going to be the holding its first hearing on president biden's impeachment inquiry. david spunt joining me, take us through the process. what are we going to see tomorrow? >> reporter: it's going to be a long day tomorrow, david, and it's the an impeachment inquiry which really just means an investigation though it's significant as this is a hearing into the president of the united states. now, while it has the name joe
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biden in the headline, the name we'll hear over and over again that ties it all together, hunter biden. house oversight chair james comer says he will show evidence that hunter biden received more than $250,000 that originated in china in to 19 -- in 2019, the beneficiary address for the funds, the delaware home of president joe biden. comer says this proves a direct connection between the two. he also claims that from 2014-20219 the biden family and their associates received $24 million many foreign payments, $saw million to the bidens, thrush 9 million for business associates, $4 million more than previously known. >> one thing that we all agree on is china's a threat to the united states. and here we have more evidence of the biden family receiving millions and millions of dollars from our adversarial country for who knows what. >> reporter: but democrats, david, are sticking by their i guy, chalking up the hearing to
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political theater. watch. >> they're, again, they're not offering any evidence. you know, we've spent seven months with thousands of pages of bank records and suspicious activity reports, and they simply don't have a shred or morsel of evidence linking any wrongdoing to president biden. >> reporter: the white house spokesperson from the white house counsel's office is saying that comer should be focusing on the government shutdown. he says they should focus -- meaning comer and judiciary chairman jim jordan -- on doing their jobs to avoid economic disaster, not these partisan d.c. games that have nothing to do with helping americans' lives, end quote. the oversight committee not expected to make any moves to launch a formal impeachment tomorrow the, they're still gathering the facts. but could this lead to an impeachment? absolutely. we'll see how far republicans want to take this over the
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coming weeks and months. david: david, thank you very much for that. sean duffy joins me now. no evidence! no evidence, no connections, etc. $250,000 wired to hunter at joe's address when he was at joe's address by a chinese businessman related to hunter. jonathan lee is his name, whose daughter received a personal college recommendation from biden. i mean, talk about connecting the dots, there are a lot there to connect. >> well, there was no evidence of donald trump colluding with russia, and the fbi, the doj, they're all involved and democrats, the media, and they impeached on nothing, donald trump. you have real evidence. donald trump sat down -- i'm sorry, joe biden sat down with hunter's clients, had dinner with clients, did phone calls, shell companies filtering millions of dollars into the country through hunter biden. here's my frustration, david. the fbi can simply unpack what's going on inside of these transactions that that go to
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hunter biden. really easy to do. you saw that with bob menendez. they easily saw the cash in the pockets, the gold bars, they investigate and, lo and behold, there's charges. they refuse to do it against hunter biden. and so now the house, it's a legislative body, they're not an investigative body. they're not made to actually find these facts, but they're doing the best they can because the fbi is so partisan and won't look at joe biden, they have to do it. and, by the way, i'm amazed in nine months how much material they have on hunter and joe biden. and then there's -- david: the obstruction. the irs agentses who were following the money and that was their job, were warded off by david weiss and others in the justice department, warded off there from investigating any connection between joe and hunter. >> when we talk about a shutdown that's looming, republicans can't get their act together, be simple. fbi, doj, maybe cia a, irs, pick
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a few things the americans agree on. you have way too much money on your hands when you can play partisan politics inside these agencies. david: we've got to the talk about the border because we're going to be hearing about it tonight at the debate. there's a new poll showing that donald trump is gaining momentum. donald trump or is gaining momentum among hispanic voters in the party. the bottom line is there are a lot of u.s. citizens or hispanics who do not like an open border such as we've seen, because they had to do it the legal way. now a lot of illegal migrants who came here illegally are getting freebies and getting work permits, etc. >> because hispanic voters care about the economy, they care about transgender issues, they care about abortion, they care about the border, they care about their security and safety. so when these things go awry under joe biden's administration, they look and go, is there an alternative? obviously, they want to find a different party that's going to fit their values. i think also in the poll that you referenced, david, is that
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if you have english-speaking hispanics, donald trump is only 5% down off of joe biden. the spanish-speaking hispanics, it's like a 30-point range. so there's the a difference in what language you speak, where you're at in the country, and it's probably the information flow. david: sean duff the my, great to be seeing you. i'm going to see you -- >> tonight. david: dagen mcdowell, your to cohost for a special 32-hour edition of "the bottom line" it starts at 6 p.m. eastern. i think i'm going on there in the 7 hour, right here on -- >> david, you're going to razzle-dazzle. i can't wait for it. it's going to be great. [laughter] david: i think dagen will be the razzle-dazzle. now this -- thank you, sean. president biden attended the uaw picket line, but a former advisor to president obama is calling biden out for it. ashley, what did he say? >> yeah. we're talking about steve rattner who was the auto czar during the obama administration.
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he says, well, biden made a big mistake by what he says is caving to progressives in joining that picket line. he said, quote, for him to be going on a picket line is outrageous. there's no press tent the for it. the tradition -- precedent for it. the tradition of the president is to stay neutral many these things. i get the politics. the progressives said we don't want a mediator, we want an advocate. he bowed to those progressives, and now he's going out there to put his thumb on the scale, and it is wrong. biden, by the way, told the picketers, quote, you deserve what you've earned, and you've earned a hell of a lot more than you're getting paid now. the ua a w is not happy with joe biden and his efforts to promote electric vehicles. david. david: yeah. that might actually be the key here. ashley, thank you very much. meanwhile, democrat strategist james carville blasting far-left democrats. roll tape. >> i find the left to be just
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annoying. the western far-left is habitually the most stupid, naive people you can imagine. [laughter] tive ed a david it didn't end there. we're going to show you what came next. meanwhile, a new nbc poll showing the republicans have the largest ever lead on the economy since 19991. i'm sure it's going to be a hot topic in tonight's debate. bill hemmer gives us his debate preview. that's coming next. ♪ you can't hurry love, no, you just have to wait. ♪ she said love don't come easy -- ♪ it's a game of give and take ♪
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david: check the markets, and a little green on the screen. nasdaq is up a tick but not that much. s&p just went up into green territory but, again, the the stocks were all green coming into this market, now they are kind of wobbling, getting kind of weak at the knees. let's bring in mark tepper. you've been suggesting, mark, that this market is not to be trusted. >> correct. david: give us some specific movers. >> yeah. you definitely have to pick your battles. ask one name that we've been super hot on over the course of the last month is aspen aerogels, tick ther aspn. david: what do they do the?
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>> they have a thermal barrier that goes around ev batteries to prevent fires, and it makes them more efficient, extends their range. this is an under the radar ev play. it's the up about 30% over the the last month. there was some heavy insider buying about a month ago. the ceo bought a ton the of shares, one of the board members bought a ton of to shares, so we think this is one that's got a lo lot of room to go. david: and then? >> aeon, which is a commercial hrac company. -- hvac. there's been quite a shortage of equipment over the last few years. this is one where the fair value is probably around $70, so there's probably a good 20-25% upside. david: and let's get a check on oil, by the way. it was trading up to 92, now it's close to $99 4 a barrel. -- 94 a barrel. again, the that might be pressuring stocks down a little bit, a concern about inflation means a concern about interest rates. by the way, this is a 13-month
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high for the price of oil, $9 # 3.89. mark, thank you very much. let's get back to tonight a's debate, and look who is here, bill hemmer joins me now. >> hey, buddy. a. david: to give us a preview. who needs to break out tonight? >> who do i think will break out tonight? david: let's take that one. >> i'm not quite sure actually. i think nikki haley set a high bar for herself in milwaukee, and i've got to think a couple people are gunning for her. david: so vivek was the target in the first debate, you think nikki haley finish. >> yeah, vivek was a target of sorts, vivek and nikki were right next to each other, and is they're not in this one. granted, it's just a couple of feet away, i just thought there was a physical dynamic that gave them an opportunity to go back and forth which is, i think, probably the moment most people remember in addition to the chris christie line about -- [laughter] chatgpt which which i thought
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was pretty good too. david: it wasn't bad. let's pull back to if there is a matchup again between biden and trump, biden is really sinking right now. there was this news out last night that does seem to connect closer joe to hunter's business. hunter receiving a quarter of a million dollars from chinese contact who joe had written a glowing endorse9 of his daughter for entry into georgetown university. i mean, the dots are getting closer. >> you know, i don't know how many in the media are going to be willing to report these stories -- david: cnn has. >> on this one, they have. you're correct about that. but there's been a resistance in a lot of areas. having said that, recent polling between "wall street journal," fox news shows 63% would be dissatisfied with a trump-biden matchup. 73% believe biden's too old to seek a second term. 53% of it, lower, think trump kid something illegal in trying to overturn the election are of 2020 the. so there are, there is some lack
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of enthusiasm for both men. however, david, if they are nominees for their parties, you as an american have a binary choice. it's black or white, it's yes or no, it's red or green -- [laughter] and you, you're going to have to make a decision there. and then at that point that election and those campaigns, if her the two men, they will laser focus the attention of americans that are willing the vote. now you've got a third party possibility, right? you've got that out there, and we've seen in elections past what they can do not necessarily to win electoral votes, because they never have. david: ross perot. 19%. >> he didn't win a single state. david: no. but he led to bush's loss are. a lot of people say. if it hadn't been for ross pero- >> i've had this deep debate
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with ed rollins for years, and i say exactly what you say. what does rollins say? bill, we crunched the numbers, and it's not the reason why josh bush lost. a. david: all right. final point, independents prefer trump over biden by 10 # points. in late october 2020 they favored biden by 20. aren't independents the key. >> >> bigtime, david. keep your eye on that too, and see where the suburban voters. i thought what abc and nbc did on sunday morning with their polling, as they stated in their own release, however, you go deep into the numbers in both of those polling, and there is troubling news all over the place for joe biden. david: bill hemmer, what a pleasure to see you in person again. >> nice to see you, david. david: catch bill and dana breen know -- perino, of course, on america's newsroom. of course, dana will be one of the participants in the debate tonight. mark, thank you for being here as well. james carville is going after far-left democrats. come on back in, ash.
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what exactly is he saying? >> yep. he's not holding back. he mocked the far-left wing of the democrat party as, quote, stupid and naive while appearing on bill maher's club random podcast. watch a this. >> i find the left to be just a ace nowing. the western far-left is habitually the most stupid, naive people you can imagine. they come up with these really goofy constructs, and it's all about feeling -- >> feeling? >> -- feeling good about yourself. >> if your feelings are hurt, that's more important than free speech. >> most people don't know what they're a talking about. the identity left are silly. they're not evil, they're just goofy. >> they're just goofy. he never holds back, does he? carville also arguing white leftists have hijacked the term
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woke, he says, and driven voters away from the party. also adding that while only 10% of the party identified as progressive, he says they have dragged the entire party down. david. david: i think they allow drinking of whiskey on that set. that kind of -- [laughter] lets people's guard down a little bit too. ash, thanks very much. big retailers continue to close in crime-ridden cities, but few will actually admit that crime is the reason, but we mow the truth. not target, however. they're coming out strong saying it. wait until you hear exactly what they said, next. ♪ 'cuz i'm already gone, and i'm feeling strong ♪
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close their doors, and the largest victim now is target, apparently. gerri willis has the story. aren't they actually citing -- a lot of these companies don't cite crime as the reason they're closing, but target's different, no? >> reporter: yeah, absolutely, david. citing crime as the reason that they're shutting some of these stores down. let's start with some of this video overnight from philadelphia where looters, scores of them, hit the streets in the central business district last night, looted stores like lululemon, apple, taking as much as they could carry. mostly juveniles. the police said they were the able to arrest about 20 the of the 1100 that looted -- # 1100 that looted for -- 100 that a looted for 8 hours. this is one of nine target stores that will close across the country. why in because of theft. we were just in the store moments ago. shoppers telling us, hey, we love this story. it's an an color of the community. but they could see why it was closing, because some of these folks have seen the theft with their own eyes.
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now, i want to read you a statement from the company today. it's saying we cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and, yes, contributing to unsustainable business performance. if other cities with closures include seattle, san francisco, oakland and portland, and it's not like, you know, target's sitting on its hands, you know? it's adding a lot of security, it's putting stuff behind lock and key so that you can't -- you have to ask for help to get to product. what we're seeing here is that the ceo of target is telling investors at this point, look, the amount of theft that occurs with violent threats is up as much as 120% in the first 5 months of this year. the company in the third quarter lost $219 million, so it's having a huge, huge impact. of course, target par from being alone. the national retail federation is telling folkses that theft,
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what they call shrinkage, is huge. it's having a big impact, as much as $112 billion in sales lost to shrinkage. and, oh, by the way, you know, the people who work in this store the, some of them have been here for over a decade. and target, thankfully, is saying they'll try to get some of these people jobs many other stores, but i guess we'll have to wait and see. david, back to you. david: unbelievable. come on back in, mark. you know, thank goodness target is speaking out. a lot of these companies want to be woke, they don't want to go after, don't want to get caught in some battle. target's being specific about this. >> yeah. and you know who's going to pay for all of this? it's me, you, everyone watching at home. david: absolutely. >> i mean, look, every single one of these corporations, they're going to raise prices for the law-abiding citizens. so we end up paying for it, which is awful. when you watch these videos, it's not just your typical run are of the mill shop lefter --
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shoplifter anymore. there's organized crime now. and as you mentioned during the break, they're selling this stuff on ebay -- david: that's the point. i want tooling in concern bring in leo terrell. leo, it's not a matter of individual shoplifters, it's organized crime. they sell the stuff to somebody. somebody's fencing all these stolen goods. it's the illegal to buy stolen goods. why aren't the feds getting in here and tracking down the fencers? >> great question, david. thanks for having me on. first of all, is organized crime being protected by soft on crime democratic prosecutors. david: right. >> this is happening in democratic cities. target is going to close nine stores. guess where, david? in democratic areas. one of the questions i would ask the candidates tonight is, i would play that video montage and say what are you going to do as a republican president to address crime in these democratic cities where you're not going to get cooperation from these democratic officials
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because they are woke. that is a key question they must if answer because, as you said earlier, 40% of the voters are independent. and they live in these democratic areas as well. is so what are these republican candidates, how are they going to work around it? they must use the u.s. attorney's office, david, to address this organized crime unit because state lawmakers in democratic cities and prosecutors financed by george soros are doing nothing. david: but, leo, u.s. attorneys, as you well know, are appointed or at the discretion of the justice department, and we know that the justice department has this woke mentality where they're not doing what they should be doing to stop the breaking of the law around the country. >> your absolutely correct can. this is -- you're absolutely correct. this is why, i want to be as clear as possible, we need a republican in the white house in 2024. we need to fire all these u.s. attorneys and get law and order u.s. attorneys in these democratic cities, david.
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and i hope, i personally hope president trump wins in 2024 and implements a law and order in these democratic cities, because you will not get cooperation. and as your guest said on the stage, there are people who are going to pay for this, law and order citizens and people of color which represent americans many these democratic cities. they're paying the price too. a. david: absolutely. because businesses are moving out of their communities, and they have nowhere to go except for the internet. but they're losing the brick and mortar the shops in their own neighborhoods, right? final word, quickly. >>. i live in california. i live in this horrific, horrible state where you have a governor who ignores the crime in this city the, in this state and a mayor who is progressive. it's horrible to live in california regarding law and order. a. david: leo terrell, who says it like it is, always does. thank you very much, appreciate it. now show me the 30 stocks just to get a sense of what's happening in the markets. you can see a lot more red e on
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the screen than green right now. the dow has tumbled. it actually started up in triple digits, it is now down in triple digits. the dow is down 114 points. well, the overcrowding of migrants at border facilities is worsening. what plan do the republican candidates have to handle the border crisis? that is next. ♪ ♪
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♪ david: well, as big cities are filling up with migrants, some are scrambling to come up with places to house them all. one idea is to use national parks for migrant shelters. hillary vaughn joins me now with details. hillary, is it legal to do that? >> reporter: david, some republicans say it should the not be legal. they're asking the department of the interior to look into why the national park service is letting some states like new york utilize some of our national parkland to, as an emergency temporary shelter to house some migrants. they say it shows that nothing is sacred to the biden administration looking for a quick fix way to find a place
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for thousands of migrants that are pouring over the southern border, many of them crossing illegally into this country. new york is using bennett field at a formal naval air station, part of the gateway national recreation area. now other cities are looking to lease national parkland to make room for migrants. republicans say that a democrat proposals to use parks like this even temporarily is desecrating to our national treasures. >> billing camps on park service land in the middle of new york city is not addressing the real problem. president biden and his disaster at the southern border is now affecting our national parks. enough is enough. >> reporter: democrats on capitol hill admit the biden administration is not doing and has not done everything right in this border crisis, but they say republicans are rooting for
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things to get worse because it helps them politically. >> no one on our side is saying let's open up the borders and see what happens. self-fulfilling prophesy that americans immediate to be aware of is that the -- need to be aware of is that the worse that it gets, the better in the political calculations of the republican party. has the biden administration done everything, has it responded the way it should every time? no. >> reporter: and, david, one thing we've heard consistently from democrats as we've been talking to them about what they want to see from the biden administration in dealing with this border crisis, they say it's not president biden's fault, don't look to him for answers. instead, it's congress' fault, specifically republicans in congress who will not work with them to pass comprehensive immigration reform. david: hillary, oring thank you very much. former acting dhs secretary chad wolf joins me now. chad, good to see you again.
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one thing they're also talking about which would also be illegal and there's no question about this is illegal, is expediting the work permits for migrants who came here illegally. we've heard president biden talk about it, members of the white house. we've heard governor hochul in new york talk about it. it looks like they're going ahead with in anyway. they, obviously, they're overwhelmed in cities like new york city and other places, but you can't just go willy-nilly and break the law, can you? >> well, this administration actually has proven that they'll do that time and time again when it comes to this issue. they've done a number of things that are unlawful such as the a parole program. obviously, and you're exactly right, expediting work permits is the job of the federal government, not the state governments. the governor of new york can wish that they're more expedited, but she doesn't have the authority to actually do that. i'd go back to a comment that was made earlier about how this is congressional republicans'
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fault or somehow this is congress' fault. this is the most, it's the most frustrating thing that i have heard yet from this administration. they have all of the authority and all of the ability to stop this crisis today. they simply don't want to do it and, instead, they just look to others and blame others such is as a republicans. now, the administration introduce a bill almost on week one, and they said this will soft the -- solve the immigration crisis. and the first part of that bill was amnesty for 12 million people. they need to explain to the american people how giving amnesty to 12 million people will solve the border crisis. it doesn't, and they're being disingenuous with the american people. david: and, of course, it's not so much what they're doing, it's what they're not doing. you mentioned correctly, their responsibility is to stop the migrants from coming in illegal lille. texas -- illegally. transaction is trying to do it on its own -- texas is trying to do it on its own. the border patrol are told by
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somebody, and i talked this morning to the governor of texas, greg abbott. he told me he his it was the dhs that that gave the order for those border agents to cut the razor wire that's texas' attempt to keep migrants out. do you think that might be true? >> well, i hope it's not. look, the border patrol officers are put in a very difficult position. i'm not sure exactly how some of that concertina wire is being cut. but what they find in many cases are individuals stuck in the wire, and in some cases young children stuck in the wire, and they these to rescue them so they'll, obviously, have to cut. but if they're cutting that wire to make a path so that hundreds of folks can come across and stay in texas, obviously, that is not the way it should be done. there's a lot of realtime situations that a -- that go on along that border. border patrol agents are in an impossible situation. 9 they're being told by their political leadership not to do their job the way in which they were trained. that. david: everybody's trying to blame somebody else here, and
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it's shameless. chad wolf, thank you very much. now it's time for the wednesday trivia question. when was the republican party created? 1810, 182232, 1838 or 1854? if the answer when we come back. ♪ ♪ ah, these bills are crazy. she .. ll or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. (upbeat music) - [narrator] what if there was a hearing aid that could keep up with you? (notification dings) this is jabra enhance select.
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david: we asked when was the republican party created? 1810, thirty eight, twenty two, fifty four. what do you think? >> 1838, number 3. david: i would say 1854. the answer is 1854. lincoln was relatively newcomer to a relatively new party. mark tepper, happy birthday, joining us for the our. just over 9 hours away from the second republican debate, stuart varney, moderating at 9:00 pm eastern time. we've got coverage until the debate. don't want to miss it. coast-to-coast starts now. neil: we
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