tv Varney Company FOX Business September 29, 2023 9:00am-10:00am EDT
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situation. final thoughts on that, e.j. antoni. >> maria, again, until we get government spending under control, we are stuck with both high interest rates and high inflation. the fed and the congress are essentially working at cross-purposes right now -- martha: yes. >> -- and so the pain is going to continue until we get this solved. maria: and we are expecting a government shutdown on saturday night at 12:01. ej an tone know -- e.j. antoni, cheryl a casone, todd piro, thank you, everybody. i'll see you tonight, 7 p.m. right here on fox business. stu, take it away. stuart: good morning, maria. it's great to be back, and we have a big friday show for you. about an a hour from now roughly, we'll find out if the auto strike will be are extended. fox business has learned that negotiations are active. while the union has over $800 million in their strike fund, in
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other words, they can keep it going. on the border, around 10,000 migrants a day are still coming through, but the democrats are in denial. squad member arianna -- ayanna pressley says the border is secure. elon musk needs to go down there and show the world what's really happening. he's in touch with reality. i wonder if he's got a solution. to the markets, a rally for stocks on this last day of the week, last day of the month for trading and the close of the quarter. the dow could be up over 2 to 00 points at the opening bell, and just look at that nasdaq. at this moment up nearly 1%. that's premarket. interest rates holdingstep ed, actually declining a little. the 10-year yield at 4.5552 -- 4.52. just yesterday it was 4.690 and change. the 2-year just above the 5% level, 5.002. rates down, stocks up. politics. the president attacks what he calls the extreme maga ideology. he says it is an existential threat to the u.s. political
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system. he said that just as impeachment hearings lay out the evidence that the biden family's financial corruption. and, of course, there is the long-running saga of the shutdown. looks like it's going to happen. the market doesn't care, and and voters are probably sick and tired of it. one more thing. i drove through malibu on my way back from the debate. i'd never been there before. i thought it was supposed to be a pacific paradise. i found otherwise. more on that that later. friday, september 29th, 2023, "varney & company" is about to begin. ♪ ♪ stuart: we're just learning that california senator dianne feinstein has died at the age of 90. edward lawrence is with us. edward? >> reporter: stu the, and a news crew early this morning went past dianne feinstein's house. there was medical personnel as well as police out in front of her home here in washington d.c.
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fox news confirmed about 15 minutes ago that she did, in fact, pass away. now, we understand that flowers have been placed on her desk on the senate floor. we can't get pictures of that yet because the senate floor doesn't open until 10 a.m. eastern time, one more hour from right now, but we will see those pictures after that. as you know, she was # 90 years old, a six-term senator. she came to the senate in 1992, some 31 years ago. now, she did cast a vote yesterday at about 11:45 a.m. eastern time, missed two votes in the afternoon. now, we do expect president biden to the talk about at some point senator dianne feinstein in a statement, maybe even in an event. he has an event at 10:30, a little bit later on this morning. we may hear from the president. haven't confirmed that as of yet, about senator dianne feinstein, but you've got to imagine he's going to do that. he did know senator feinstein when they worked in the senate together at the same time. again, a trailblazer here, six
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terms ago it must have been hard for a woman in the u.s. senate. she broke some barriers going into the senate and continued as she has chaired many committees over the time. but, again, dianne feinstein has passed away at the age of 90. back to you, stu. stuart: thank you, edward. president biden issued a warning against the maga movement, if you can call it that. good morning, lauren. good to be back. what does he say? lauren: welcome back. mice to see you. biden is branding maga as an existential threat. he also attacked trump directly as well as his hold on maga republican ifses. watch the president speaking in arizona mere an institute dedicated to the late republican senator john mccain. >> this maga threat is a threat to the brick and mortar of our democratic institutions. it's also a threat to the character of our nation. it gives our constitution life. their extreme agenda, if carried out, will fundamentally alter the constitution -- institutions
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of american democracy as we know it. lauren: again, he's put that as the center piece of his campaign, much the way he did for the midterm elections. the difference now is that there are four trump indictments, and voters may see his white house as putting democracy at risk. stuart: it could be that way around. lauren: exactly. so the script has turned. stuart: rachel campos duffy joining us this friday morning. does that work as a political strategy at this moment? >> you know, he said democracies die in silence, and that's exactly what his administration, stuart, has been trying to do, silence his opposition. whether it's through coordinating with big tech to censor conservative voices and information coming out or whether it's harassing and imprisoning his political to points whether they were january 6th, at january 6th, people who were protesting, or donald
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trump. his main opponent. so, no, i don't think it workings. i mean, look at the polls. i mean, this is really a message being sent by the american people that they don't have trust in democracy because of what he's doing. you have donald trump with four indictments and yet the front-runner by a long shot. like, you know, 50, 690%. -- 60%. you can add up everyone on the debate stage that was with you, stuart, and all of their poll numbers still don't add up to where donald trump is right now. to me, that's a country that's sending a message about their confidence in his, the in his party and in his policies. and so, no, i don't think it's going to work. you don't win by insulting voters. stuart: all right. we've got a new republican poll of republican voters which says governor desantis had the best debate performance on wednesday night followed by nikki haley and then vivek ramaswamy. see the numbers on the screen. well, rachel, i'm sure you
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watched the debate wednesday. who do you think won? >> i did. i did. good job there, stuart. you know, i dolt think that nikki haley and ron desantis kid the most favors for themselves that night. ron desantis' finest moment was when he pushed back on the univision host or presenter who said, you know, really spread misinformation about what he was doing in california with curriculum. and he took that and he very respectfully but forcefully pushed back on that misinformation, explained what he was doing in florida with education and really highlighted his strengths which is he has been taking a lot of shots, a lot of arrows prosecute left, and he has stood very strong. and he did a good job of pushing back on that. i think nikki haley also had a great night in that she showed that she could, you know, push back and make her voice heard. i thought some of the squabbling that that went back and forth, i
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think, was a little bit gender, you know, if you were a woman, you kind of liked her scrappiness. i talked to a lot of men who didn't like it -- [laughter] thought she was interrupting too much. but i kind of enjoyed it. stuart: christie was rated the worst. what do you think? >> yeah. yeah, i think it's unfair that he's taking up space. he's clearly not a serious candidate. no one likes him, and he's taking up room on the stage that i think could have given more time to these other candidates to explain themselves. but make no mistake, all of these candidates are sort of running for second place. stuart: that's true. >> in case something happens with donald trump. stuart: yep. >> but i think it's important to hear what they think, because we don't know what's going to happen with these indictments. cheerily, the support of the -- clearly, the support of the base is behind donald trump. it's very solid. but what the biden administration is doing and what all these d.a.s are doing to donald trump, we've never seen anything like this in history. stuart: yep, that's true. >> it happens in communist
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countries -- stuart: nothing like this. >> so we'll see what happens. stuart: rachel, thanks very much for being with us on a friday morning. we appreciate it always. see you later. on the market this morning, look at that, the yield on the 10-year treasury down to 4.53%. i was reporting yesterday and the day before, and you were above 4.60. doesn't sound like much, but when you drop like that in the bond market, that's significant. kenny poll -- poll carry with me now. i've got the dow up probably 200 at the opening bell. will it hold, kenny? >> you know what? i think it's going to hold toed. i don't think it's going to hold as we move into october. i'm still expecting more volatility and some downside pressure. not a crash, but i don't think yields are done going up yet. i think they are going to the start to go higher. i think the move we saw was very fast, very quick so, therefore the, it had been overdone. so it needs to pull back just to kind of churn and it starts to move higher again. i don't think it's over yet.
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doesn't mean i'm light my hair on fire, just means i don't think it's over. stuart: this is my worst nightmare, a dead flat market for some time to come. is that what you're telling me? >> no, i think we're going to rally, take us back to the 44-4500 range, but i do think that investors or are going to get an opportunity in the next couple of weeks to buy stocks even a little bit cheaper from where they are. but i think it's going to hold at the very worst the 200-day moving average which is, i think, 4200 on the charts. stuart: thanks, kenny. on the screen there, look at that, the 1-month treasury yield is 5.137. kenny, thanks a lot. have a great weekend. we are 15 days into the union workers, the autoworkers' strike. negotiations continue can. any idea what happens now? lauren: in less than an hour we'll find out which plants the uaw will strike next -- stuart: if they do. lauren: correct.
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and that walkout, if it happens, would begin at noon today. right now 41 plants are dark, 18,000 workers are on strike. you have wall street, the industry and the white house watching to see if plants that assemble the pickup trucks and the large suvs, a a ka the profitable vehicles -- stuart: that hurts. that's how you hurt them. if that's what you wanted to do, that's how your hurt them. thanks very much, lauren. check those futures, please. looking good on a pretty. dow up 200 maybe, nasdaq up about 140 at the opening bell. let's see if that holds to the closing bell. coming up, president biden made a trip to california and arizona despite the record surge in migrants, he chose not to visit the border. but elon musk did. visiting eagle pass, texas. he live streamed parts of his border tour on his x platform. can he do anything about the migrant problem? we'll bring you the latest from texas right after this. ♪ ♪
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♪ stuart: elon musk traveled to eagle pass, texas, yesterday. he wanted a firsthand look at the migrant crisis. casey stegall with us from texas. did anything come out of musk's visit, casey? >> reporter: he had a lot of interesting things to say, stuart. before we hit on musk's visit, let's talk about the flurry of activity that we are currently seeing as we speak. we want to get you right to the live pictures coming from the fox news flight team drone where you can see there is a line of migrants once again in the rio grande river this morning making the way across the river into
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the united states illegally. we saw this happening before the sun even came out, long lines of migrants, and we continue to see them coming across the river this morning. at this point there the appears to be 1000 or 150 or so people. and as we've been showing you for weeks now, they are directed by border patrol under the bridge which has turned into a temporary processing center of sorts. this is also the exact spot where tech mogul elon musk visited yesterday, late afternoon, early evening, accompanied by congressman tony gonzalez, even waving to people across the river in mexico. of live streaming much of the event, musk spoke of being an immigrant himself saying we should let anyone in who's hard working and honest and will contribute to the u.s., but then in the same breath mentioned this caveat: >> we should have expedited legal approval for anyone who sort of falls in that a category, but then by the same
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token, we should also not be allowing people in the country if they're breaking the law. that doesn't make sense. the law's this for a reason. >> reporter: cbp sources telling fox that in the last 24 hours another 10,000 migrants have been apprehended along the entire southern border. 2,000 of those here at the epicenter in eagle pass where now 5,000 or so are this custody which is about 400% over capacity. it's just busting at the seam ises, stuart. stuart: with 10,000 a day, it's busting at the seams, and that's a fact. casey, thanks very much. joining me now, or florida congressman carlos gimenez. the government's obviously failing with border crisis. do you need someone like musk to step in and shake things up? >> well, you need somebody to actually just follow the law, and abides by u.s. law which this president has no intention of doing. people say, well, we need more
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thing, we need more border agents, etc. no. what we need is a different president. we need a change this policy. it's the policy that matters. stuart: with the exception of fox, who else is actually showing what's going on down there? musk put on live streaming. that's valuable, isn't it? >> no, absolutely, because, you know, we keep hearing from mayorkas and biden how the border's under control. really it's outlets like this, like fox, and other outlets are showing the american people what's really going on at the border and knot trying to cover for the total incompetence of mayorkas and biden. look, i don't think they're even incompetent. this is what they want. they really want just to have an open border to where you're going to have millions and millions of migrants flowing into the united states without any checks or balances. i also get kind of -- it's kind of fun to say we apprehended people. they're not apprehending people,
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these people are walking right up to them and saying, here we are. process me and let me get into the united states. stuart: 10,000 a day. extraordinary. republican voters say governor desantis the won the debate wednesday night according to polls. as you watched the debate, who do you think won? >> look, i think he did, he did fine. actually, i think again president trump won the debate. they were shouting over each other, and this is the really for, you know, who's going to be the first runner-up, okay? and so, again,ing you know, the president even by not being there, his presence was felt, and and he won the debate simply because nobody else really measures up to plump, and -- to president trump, and he continues to lead in the polls. and actually, i think, his poll numbers are getting better is and better every single day, every time they have a debate. so president trump won but, you know, whoever came in second, well, they came in second. stuart: you don't really care, do you? [laughter] >> at this point, no many.
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look -- no. look, i have nothing against governor desantis. he's the governor of my state, he's been a great governor. you know, we have a deep bench in the republican party. that's also very good. we actually have a debate, we're having a race whereas in the democrat party they're just crowning the president. they won't even let him debate, for god sakes, because they want to make sure that the american people don't see how horrible he would be. i mean, that's just what they're going to do. and so, you know, at least we have debates. we're democratic institution, we will have our race but, you know, yeah -- stuart: quickly, 20 the seconds, has he ever given you or anybody in your circle the slightest hint about who he might favor as vice president? >> no. no, not at all. stuart: okay. well, there's your 20 seconds. [laughter] >> i think it's way too the premature. that will play itself out in the coming months. but i'm sure whoever he picks, look, whoever he picks, i think he has to keep an eye on who's
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going to be best in 20228, because president trump are can only serve 4 more years, we need 12 years at least to have a republican if president in order to turn this country around. stuart: got it. congressman, always a pleasure. thanks for being with us. >> all right. stuart: a new poll from the new york post on the gop primary candidates taken after wednesday's debate. go through it, please. lauren: okay. so trump has the commanding lead, ask if his support actually went up by 2 points from the first debate. so he went up after the second debate, he wasn't in either debate. "the new york post" poll says 62% of republicans want trump as the nominee. 62%. who's in second? ron desantis, way down, 10%. and the only way trump's rock-hard support cracks is if he is found guilty or put in jail before election day. in that case, the poll finds 36% think he would win in the general, so that the number goes down. stuart: that is fascinating.
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thanks, lauren. check those futures, please. it's friday. last day of the week, last trading day of the month, and i see green. look at that, the nasdaq's up .93%, dow's up ant 200 points -- about 200 points. the opening bell is next. ♪ halfway to heaven or halfway to hell -- ♪ my angels and demons -- ♪ ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. ♪ is it possible to fall in love with your home...
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stuart: still seeing green on friday morning, dow's up 225 the at the opening bell, and the nasdaq's up 140 points. ray wang's with us, our tech guy of the morning. officials in france invaded nvidia's offices. do you know why? is that significant? >> it is significant. what's going on here is, basically, there's competition thinking, hey, look, the cloud is a very, very tight market, there's three big titans, these chip manufacturers are limiting competition, smaller players aren't going to play. do you know how expensive it is to get a data center up there? this is not an easy task. it's the big tech companies that are doing that and, of course, the nvidia chips play a big
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role. so what they're trying to figure out is whether nvidia is stopping competition are from smaller players. i don't know, you got $100 billion many capital expense to put onto a data center? no. so stop chaining. stuart: these europeans, they don't innovate anything, they just want our tech and our money. that's all they want. >> they just want to slow us down. that's what's going on. stuart: that's exactly right. let's move on. microsoft, i believe they're going to make their own chips. is that significant? >> yeah, that could be significant because what they're doing right now is spending so much money paying for gpus there from nvidia. at $13,000 a pop, that is not easy for them to actually swallow. is so he could get their own chip into market and actually optimize it the way google's doing. stuart: wait a minute, $13,000 for this particular chip you mentioned, what does that chip too and which device does it go -- do? >> it goes into the data centers, it allows you to do a.i., it's all the stuff that's
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required for compute. so these are the rtx models 100s and nvidia i puts out, they're very, very expensive chip sets, and that's what's driving all their profits. stuart: but around the world, you'd need literally millions of these $13,000 a pop chips, right many. >> you do. and i think there's a report even tesla bought something like 17,000 of these for their a.i. supercomputer. stuart: can they headache money -- not can they make money, how much money can can they make on a $13,000 chip, and they make enough of them? >> well, they can't make enough of them for the demand at the moment, and i believe it only costs somewhere between -- chip sets are much less than that, so the profit margins are are very, very high. stuart: pick a tech stock that you would invest in now. >> a adobe, if you're afraid to get into the a.i. frenzy, because adobe's in a. a.i. and not directly exposed and, of course, right now microsoft and google who i'd bet. and, of course, oracle.
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sorry, couldn't get one -- stuart: okay, i'll take the lot. ray, thanks for joining us. we'll see you later. the market will open in 30 seconds. premarket is looking pretty strong, still up about two-thirds of 1% on the dow industrials and close to 1% on the nasdaq. the background here is that treasury yields have come down just a little this morning, but they're down. the yield on the 2-year is barely above 5%. it was at 5.10 a few days ago, and the yield on the 10-year treasury has dropped well below 4.6%. it was above that level previously, now it's below that. they're clapping and cheering at the new york stock exchange, and we are now open for business. right from the get go you've got a rally. dow's up 200 points. we'll have to wait a is second to get all 30 dow stocks on the board. they've not all open yet, but there they are. 27 winners, 3 losers. don't you like it when it starts like that? the s&p 500 also on the upside. let's give you a percentage on
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that,s three-quarters of 1%. 32 points higher, 4,331 is your level. the nasdaq composite, that is up over 1%, 131 points higher. 13,33 3. lucky numbers. sew me big tech. they've got to be higher, yes, they are. amazon up 11.5%. met -- 1.5 %. apple's back to 1722, and alphabet up .8%. look at nike, 9.9% after a good, what was so good about their report? lauren: they're selling through their inventory meaning they're making space for new products that they don't have to discount, new, popular, expensive products that they can charge more for. other than that, sales were stronger where but in north america which i find unbelievable. jordans are the new thing for kids. stawrt stoort tell me. lauren: they're $85 each for a child's sneaker. it's all the kids wear, but sales were soft in north
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america. and overall revenue for the quarter did miss the estimate on wall street. the expectations. but it was the first miss in two years. stuart: $85 for a child's sneaker? for a young child,. 7 or 8-year-old -- lauren: some are 75. maybe 65. they hardly go on sale. stuart: i don't have young children, so i'm going to move on. amd, are they getting a boost if microsoft? we just did this big piece about microsoft doing their own chips. lauren: yeah. there is a report they are looking to make their own chips too too because they're spending so much money on nvidia's a.i. nvidia commands the market, and amd and microsoft are saying, well, move over, nvidia. the chief technology officer at microsoft, kevin scott, said amd's a.i. chips might be in the card's for them. they did announce three months ago they're going to start sampling their clients their a.i. chip. why not with microsoft? they do have this long-term partnership. in the en, it's probably in
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everyone's best interest to have more chips from more vendors than just nvidia, and i don't even think that hurts nvidia because they have such a dominant market share. stiewmp stuart okay, blue apron, i know they're a meal kit service. they've had a rough go since 2017 but huge surge. lauren: more than doubled. stuart: what a'ses -- what's with that? >> they're being acquired for $103 million by wonder group, $13 a share, essentially where the stock is now, more than double yesterday's price. stuart: why would you do it? why would you pay more than double when you could just go on the open market and pick it up for a small premium? lauren: i don't know. but i do know that i -- what was the valuation in 2017 when this went public? it was the, like, $2 billion. stuart: yes, 1.9 billion. stuart: so i guess they got it at a deal, right? 100 billion, 2 billion. and, you know, they have the market, they have the interest, they have the resources, the kitchens, etc., but they just
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can't stem the losses. they are not profitability. stuart: long time since we saw any stock up by that much. like to see e it again. the ceo of coinbase slamming jpmorgan, and the stock is up. lauren: brian armstrong says chase u.k. deplatformed not just coinbase, but the industry. what chase did in the united kingdom is they sent a message to their customers saying you cannot by crypto using your debit card from chase because of fraud. thieves are increasingly using it to steal from regular people. chase is being proactive, and coinbase says that's completely unfair, and the industry has come a long way to manage the risk. stuart: stock's up 2%. lauren: yeah. i can't always, explain the stock reaction. i guess it's just the u.k., and the u.k. is still going big on crypto anyway, so this is one particular, one company's move there. stuart: those brits. here's a question which you also cannot answer very easily.
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anheuser-busch, are they past the dylan mulvaney controversy. >> lauren: well, the stock's up 3.6%. does that mean yes? [laughter] bank of america says buy bud. they think it's going to $68. they've upgraded the company saying they estimate the controversy at a billion dollars. they think that you'll never get all of that market share back from the drinkers who got annoyed by the the tie-up with dylan mulvaney, but it's tame to move on. it's already priced into the stock. stuart: bumble. i know it's a dating service. solid gain this friday morning. put it on the screen, please. lauren: whoa. they got a buy rating and an $18 price target. and and i was trying to figure out why. i went through the report, and it's not because more people are are dating. it's a really boring story about a dating company. [laughter] it really is. they're saying it's because they like their cash balance. that's why. stuart: isn't that a contradiction in terms, a boring story about dating?
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lauren: when someone talks about match or tibder, remember match has a $500 a month is subscription so you can find the best dating, boyfriend or girlfriend -- stuart: $500 a month just to flip through pictures? lauren: yeah. because you're buying into the algorithm that will find you your perfect mate. so this is the competitor, and they're up 7%, and they're not doing anything like that. stuart: i'm not in that market. check the big board. we opened with a 2000-point -- 2000-point gain and look at tha. nike still up strong, 8 higher. microsoft on that list. the s&p 500, what have we got? we've got nike, top of that list, i don't know that one -- lauren: nike's china business is doing well, and that might be why vpf corp. is up. foot locker, all doing well because of the nike effect. stuart: nasdaq composite, where
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are we? zscaler, got that, data dog. jd.com. chinese stockses doing well. china stocks, i should say. the 10-year treasury yield, please. is it still coming down? yes, it's. 4.52. the price of gold still hovering around 1950. no, it's 1891. , i've not been following it, but it's obviously dropped below $1900. lauren: so if you bought a gold bar at costco, you overpaid. stuart: we did that story. [laughter] bitcoin is at $27,000 a pop. the price of oil, very porn, $91.66. nat gas, i never pay much attention to this, 2.90. so what? the average price for a gallon of gas, not much change overnight at $3.83, but, oh, please, will you look at california? lauren: what's premium in california? stuart: i saw a gas station selling premium in california for $8 a gallon.
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lauren: i can't imagine. stuart: all those fancy cars they are. coming up, don't forget to send in your friday feedback. i want the good, the bad, the ugly, everything. varneyviewersfox.com. that's the place to send them. president biden's speech in arizona interrupted by a climate protester. watch this. [inaudible conversations] >> why don't you wait -- hang on a second. i'll be happy to meet with you after i speak, okay? stuart: okay. ricky sloth says climate protesters will never get people to change their opinions if they keep asking like this. progressive congresswoman ayanna pressley says the border is or secure. what? has she seen the images of thousands of border crossers every day? we will get into that, i promise you. we'll be back.
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stuart: speaker mccarthy is scrambling to avoid a government shutdown. he has less than 48 hours to go. the house is set to vote on a pending d -- spending bill today. chad pergram, can you make this not boring somehow or other, government shutdown? you know what i mean. >> reporter: well, you said the right thing, set to vote on this bill today. now, this is the republicans' bill to keep the government open, and this would also include a border security package, but there's a number of republicans especially on the right, members of the freedom caucus, who basically say we don't want an interim spending bill of any sort, and they might no. there's a procedural vote to try to get that underlying bill onto
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the floor, ask they might not have the votes to do that. what do they do then? they scramble around all weekend. now, ooh here's what's going to happen in the senate. ironically, the senate has the votes to pass a bill that would keep the government open for six weeks. this is a bill that also includes money for ukraine. nothing on border security. and that bill on two procedural vote ises already has scored more than three-quarters of the united states senate voting for it. so they will pass that bill. you have some conservatives in the senate who are slowing that down, so the next procedural vote, the next test vote on that can't happen until saturday morning which also means they can't actually vote on the bill itself until sunday. now, that's after the shutdown. so if they pass that a in the senate, if they figure out something that can move back through the house, ironically enough, that bill that could advance through the senate could pass the house probably with 275 or 300 votes. but if kevin mccarthy, the
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speaker of the house, puts that bill on the floor, that is a problem for him. there is trouble this river city because you might have some conservatives, especially matt gaetz, the republican from florida, say we want a new speaker of the house, and there could be what we call a motion to vacate the chair. so they might avert a government shutdown or have a short shutdown, but that could have political consequences for kevin mccarthy. stuart? stuart: the that was not boring. that was really good, chad, especially the last bit. [laughter] i liked that one. see you later, chad. massachusetts congresswoman and squad member ayanna if presley says our border is secure. watch this. >> no doubt about it, our border is secure. and we are in the midst of a humanitarian crisis, and we have to fix a broken system -- >> wait a minute, you think it is secure? you think the border is secure? or it is not secure? >> i believe that we are in the midst of a humanitarian crisis -- >> just to get some clarity on this and, sure, it's a conversation for another day, do you think that the border is
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secure? i just -- is that what you said? >> yes. the border is secure. [laughter] stuart: hard not to laugh, i'd say. congressman jodey arrington joins me now. one quick point here, mccarthy added $2 million for border security to the funding bill. you happy with that? >> absolutely. it's got to be the number one plierty of our federal government -- priority of our federal government, the safety and security of the american people, defending our sovereign border. that's job one. ironically in contrast, president biden's budget actually does not the increase money for homeland security which is no surprise really because they're in denial as you heard from ms. pressley that there's even a southern crisis. i think she did a poor job of executing the left's talking point. we know they're not this denial, we know they're not disconnect from the facts coming out of
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homeland security. they're placating the left. and remember, these are folks that believe, and kamala harris is one of them, that we should decriminalize border crossings, that we should give every illegal immigrant free health care, that we should grant amnesty and citizenship, and there's another set of radical policies that are so out of step with mainstream america. and so, yes, or i'm proud that my party is prioritizing the security of the american people. stuart: congressman, alexandria ocasio-cortez going after your fellow texas congressman gonzalez for his border trip with elon musk. here's what he wrote, i'm quoting. the house is holding important votes in d.c. tonight. people are scrambling to avoid a shutdown, but this republican congressman decided to skip town to joy ride with a billionaire when his own party has single-digit margin and needs his help. would you like to respond to that, congressman? >> well, i'm proud that tony gonzalez led a delegation of members of congress, but i think it's for -- more important for
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credibility that you have elon musk who brings tens of millions of people through his viewership and his digital platform so that the people can see for themselves that this is truly a crisis on both a humanitarian and the safety and security side. stuart: if you didn't watch fox, you wouldn't know what's going on at that border. along comes elon musk and live streams the border so everybody can see. that's a valuable contribution, i think. >> that's right. stuart: one quick question -- >> yes. i think it is. stuart: do you think we need musk's help on the border other than to put the word out this? >> i think he's doing the greatest service to our country by just saying look for yourselves. you don't have to trust the politicians or cable news. look for yourselves the deluge, the streams of thousands a day that are overwhelming not just border towns, our entire country and flooding us with the drug the cans and criminal
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elements -- the drugs and criminal elements that are literally killing hundreds of americans a day. he's doing a great service to the country, and i think he has more credibility, quite frankly, than any politician on either side of the aisle. stuart: congressman jodey arrington the, thank you very much for being here. see you soon. coming up, republican donors pushing for the governor of virginia, glenn youngkin, to get into the 2024 race. do we need more candidates if trump's running away with it? and there's this, we have a president who won't go to the border, a democrat party or in border denial, a vice president who really doesn't take the border seriously, so who's in touch with border reality? that's my take at the top of the hour. more "varney" after this. ♪ ♪ -- can turn into something i can feel. ♪ yeah, i want something real ♪
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this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education. so they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. ( ♪ )
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apply withsome. lauren: practical skills? it's almost like a new era is going back to the future, right? walmart is spending a billion dollars on training its existing staff for those skills in the next three years and now willing to hire people without a bachelor's degree. research shows -- [laughter] that less than half of jobs, 44%, thousand require a college degree. that's it. and companies from walmart to ibm, dell, bank with of america, liberty mutual plus several state governments are scrapping that bachelor degree as a requirement for most jobs. they want to increase the pool of workers that bring the right skills to the economy. >> we're facing a tight labor market, and i think every employer is trying to expand the frame and think about how can we really get top talent, top potential people by opening the parameters that we've held to tightly before. lauren: and adding insult to injury, theory 28 million
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student loan borrowers will have to restart paying their college debt in the next few days even if the government shuts down. so you have to start repaying. was that college degree worth it if more and more companies are saying t not even necessary anymore because the skills you were taught in college that you're now paying for don't always equate to the skills that we require at work. stuart: do you know we're overcredentialed? lauren: not the right -- >> stuart: or wrongly? lauren: wrongly credentialed. we require too much on pedigree than talent are or skills. so participants might want to to start -- parents might want to start saying, can you work? can you do physical work in the backyard? can you start an online business? when you go to look at a college, say, hey, upon graduation, how many of your graduates from this college that costs me this much money have a job offer at hand? stuart: that's a good question. lauren: you have to rethink it. stuart: check those market, please.
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back to reality certainly for the dow industrials. we were up 200, that was 20-odd minutes ago, thousand we're up 89 points. but the nasdaq holding on to a solid gain. still ahead, u-conn students say climate change is here. rikki schlott takes that on for if us. can the country afford a shutdown, and does it matter? i'll ask kevin o'leary. and cornell's covid his tier a ya going to cost them $3 million for making students learn online. tomi lahren on that. the 10:00 hour of varney and if company is next. ♪ night fever, night fever, we know how to do it ♪
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