Skip to main content

tv   Varney Company  FOX Business  September 29, 2023 11:00am-12:00pm EDT

11:00 am
>> he said democracies die in silence and that's exactly what his administration, stuart, has been trying to do, silence his opposition. >> i don't even think they're incompetent. this is what they want. they really want to have an open border. >> the press really understands, they want it to continue. we see that attitude in every sector of what's happening in the country, which is chaos, control, things that make our lives less livable. putting people more in fear. >> 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 start to go higher.
11:01 am
stuart: the news is it's still raining. it's been raining hard since 3:00 this morning when i came into new york. just been raining solid. must be a couple inches by now. sixth avenue deserted and soaked. morning, everybody. 11:00 eastern time. it is friday, september 29th. to the markets. the outstanding thing here is the nasdaq up a solid 131 points. here's why: the yield on 10-year treasury has come down 5.1 basis points. you're at 452. big change there. check the big three auto makers. uaw president shawn fain says the auto strikes are going to be extended at gm and ford but not at stellantis. as of now, an extra 7,000 workers are going to be out on strike. now this -- i was in california
11:02 am
for the republican primary debate this week, it was held at the reagan library. now that is a beautiful setting. it sits high on a hill, you look out over los angeles. from up there, california looks like the golden state. then i headed to the airport, the route took me through malibu and santa monica. had never been there before and assumed it would live up to its reputation, the pair dice on the pacific and took a coast road winding next to the beach. what a mess. trash everywhere. the polite word was litter but this was trash. newspapers, fast food cartons, bottles, cans and slice of yesterday's pizza. in a word, it was dirty. it gets worse. along the side of the road, there's camper vans, old buss and beaten up cars where people live. they're parked right outside what looked like shacks, multimillion dollar smacks. there are vagrants wandering
11:03 am
around and it's lush and gray. they have a money problem in malibu? it was a dive drive-thru, not a scientific study but how many others get the same impression. other parts of the country are being run down. whatever money there is isn't being used to spruce things up. i don't know what the money is being used for but not for making the place look sharp. i'm not going to bring politic into this, i wouldn't do that. i would not rant about de-shrining standards in democrat-run states. i would never do that. i just want to see standards, you know, don't steal. don't do drugs on the sidewalk. don't always dress like a slob. and watch your language and please, can you just clean up the trash? third hour of varney starts now. stuart: i really should -- for the sake of honesty, steve hilton, i should point out those scenes that you just ran, not
11:04 am
all of them are from malibu. make that very clear. you're our california guy. am i just being nasty? >> you're completely right, and that is what is so frustrating because every time we point this out, those of us who live here and have to endure this every day and it's not just the kind of places that you went through, this is the daily experience for most people. in california and not just even the big cities but in supporter bushes increasingly as -- suburbs increasingly as well. it reminds me by the phrase from left wing economists that described what he condemned in terms of capitalist ick system that was private affluence and public squaller. that's what you see in california. the democrats are in charge saying it can't be that bad. we're the fifth biggest economy in the world. that's true if you look at numbers but despite all that wealth, the wealth generated by silicon valley, entertainment industry, aerospace, bio-tech, huge and successful struggling
11:05 am
industries in california but still despite the taxes and regulation, there's the public squall laer, there's crime, homelessness and the -- squaller, homelessness and the fact it's so filthy and makes people feel like their quality of life is decaying and the confidence in the government itself. stuart: moving onto malibu, you went to a california gop convention and trump and desantis were there. what happened? >> that's today. so i was there just this morning, there's a huge buzz of excitement. you've got these two big figures in california dualing it out. there's a lot of fundraisers going on around the state, particularly in orange county where the convention is and where i'll be today, and what is really striking i think is that despite a lot of people writing off republicans in california and saying, look, it's never going to be a republican state again going back to the days of ronald reagan as we were
11:06 am
discussing in the reagan library. there's real energy in the california republican party. they're really getting their act together in terms of mccan icks of elections, really understanding how to beat the democrats at their own game with ballot harvesting and mail in votes and the rest of it. whether you like it or not, those are the rules and you have to play by the rules and win. the party leadership is doing a good job of that, i think. you've got real excitement about the presidential contest as well. it's a very trump supporting party base as far as i can tell. certainly judging by the flags and the t-shirts i've been seeing around the convention. we'll see what happens, but there's a lot of energy and excitement. stuart: steve, i've got to bring this up, i saw an astounding statistic, only 3% of restaurants in san francisco have not been vandalized or broke into in the past month. only 3% are spared. that's an extraordinary number. >> it is absolutely stunning,
11:07 am
and it goes with what we were saying earlier to total collapse of civilized standards and this is just the expectation now. the other thing you expect to happen in san francisco is for your car to be broken into. that's probably the norm in san francisco now is to leave your car unlocked to take out any valuables and to literally stick a sign in the window saying car is unlocked. nothing inside so that at least they don't smash your window and you have the hassle of replacing it. stuart: that's ridiculous. i want to change the subject entirely and move onto something you're familiar with here. senator diane feinstein passed away at the age of 90. steve. >> she's a really, really remarkable leader. look, i don't know her but i know a lot of people who do and who have been there and through her career in san francisco and the one thing i'd mention that people may not be familiar with is just what an incredibly important role she played in
11:08 am
really reviving the fortunes but the spirit of san francisco in an earlier era where the city fell into real decline and trauma actually result of the assassinations of the mayor and member of the board of supervisors, which propelled her into the mayor seat for the first time and the jones town massacre and public corruption and a real decline for san francisco. she really turned that around as the new mayor and deserves a lot of credit there. the other thing i'd say is right till the end, she was a political moderate and moderate democrats are getting harder and harder to find anywhere, most of all in california. of course her party by the end, they hated her for it because she stuck to her principles about working across the aisle and being a moderate. she'll be missed on those grounds but, you know, she was a great public servant, a great leader and someone that everyone in california can be proud of. last point i'd make, stuart, there's a discussion about who should replace her. who should gavin newsom appoint. he shouldn't interfere in the
11:09 am
senate rice by appointing a candidate. 40% of the voters in california are republicans. but just about 20% of the congressional delegation because of democrat gerrymandering and so if the democrats really care about diversity and fairness, he should appoint a republican. stuart: dream on, young man. it's as simple as that. it was funny. steve, you're all right. hope to see you again real soon. thanksa lot. >> to he can be is a season and this is the year of ai and artificial intelligence and 80% of the entire markets gain this year has been due to about five of the ai related stocks of which microsoft, stuart, is one
11:10 am
as you know. now we have a company called openai and they're the company behind chatgpt and they're private but they're raising money, stuart, at a $90 billion valuation. that would make it more valuable than citi group, norfolk or slumberge and if it's like wework, these stocks could go down substantially from here. stuart: little frothy. i can handle a little frothy if it's microsoft but nowhere else. >> i'm focusing on things off the radar screen and so unsexy, un-ai, stuart, is base metals, copper, aluminum, zinc, there's returning to be made and inflation is not going away. stuart: dbb about base metals? >> yeah, this is an etf that owns a series of base metals. over the last ten years, the national debt is up 100%. imagine if that was your own
11:11 am
family's financial house. this is one i like for diversification and breaking out on the charts and makes a great sense as part of overall portfolio to hedge against higher prices. stuart: i would think of a stock or etf like that as sort of a global investment because base metals are produced globally so that factors into the equation here. do you have a currency problem if the dollar goes up or down? >> certainly in the 19 -- certainly recently, stuart, the dollar has been strong and putting a lid on a lot of commodities gold included, but if this is anything like the 19 p 0s, 70s where stocks went nowhere. oil stocks and commodities that provided a return. this is a place you can hide out until the spending gets solved in washington because inflation keeps going up. stuart: did you know your exotic on a friday morning is popular, dbb base metals. >> thank you, stuart.
11:12 am
stuart: have a great weekend. back to the markets and micron is moving 4.7, you've got the story. lauren: they make chips for pc and laptops and artificial intelligence and they're going to boost spending plans for next year. that's another sign that the demand for pcs is in progress, that turn around is in progress. stuart: brinker international and they're the parent company -- i'm reading on the prompter. lauren: they're ticker is eat, . i love that. they're up over 4% on the turn around and stifel upgrades to buy and they love what they're seeing at chilis, a casual dining restaurant and that's a sector that's gotten hit as consumer has pulled back a bit. this stock is going up 45% to $45 a chair. stuart: just for me talking about the cruise lines, carnival. lauren: you're going to love this story but no, you're going to hate why i can't tell you why it's down 5% but they reported a
11:13 am
third quarter profit and first one since the pandemic. record bookings, record revenue. huge demand and pretty expensive ticket prices. then they trimmed their annual loss forecast so i would say it's because while smaller, they're still forecasting an annual loss. i tried my best. stuart: you did a good job. lauren: i got a cruise line in. stuart: gas as in gasoline topped $7 in some parts of california. actually when i was this, i saw a super premium at $8 a gallon, believe it or not. residents say it's so bad they have to choose between getting gas and groceries. we have the story. president biden criticized for not going to the border while he was in a border state. is he even wanted there? i'll ask the river side county sheriff chad bianco next. ♪
11:14 am
hey all, so i just downloaded the experian app because i wanted to check my fico® score, but it does so much more. this thing shows you your fico® score, you can get your credit card recommendations, and it shows you ways to save money. do so much more than get your fico® score. download the experian app now. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. i'm going to sell my life insurance cuz i don't need it anymore. my kids are grown, my wife is great, let's settle up the score. it's time to travel to paree, spend retirement happy. call 877-sell-easy. 877-sell-easy. 877-sell-easy, and sell your policy. you can sell all or part, live your life and play it smart.
11:15 am
877-sell-easy, and sell your policy. if you've had a change in health, or you're over 65, and paying for $100,000 or more in a life insurance policy you don't need, get paid for it instead. then take the money that you get, go to live it up, you bet. call 877-sell-easy. 877-sell-easy. 877-sell-easy, and sell your policy.
11:16 am
about a cashew farmer from mozambique named carlos. carlos lifted himself out of poverty with the help of techoserve. go to technoserve.org and see how you can support struggling farmers like carlos. it's a different way to make a difference.
11:17 am
psoriasis really messes with you. try. hope. fail. no one should suffer like that. i started cosentyx®. five years clear. real people with psoriasis look and feel better with cosentyx. serious allergic reactions, severe skin reactions that look like eczema, and an increased risk of infections, some fatal have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. best move i've ever made. ask your dermatologist about cosentyx®.
11:18 am
stuart: the republicans are jumping all over president biden for skipping out on visiting the border while he was in arizona and california. mark meredith with me. let's turn this around. what is the biden team firing back with? what are they saying? >> well, stu, good morning to you. the white house is well aware of the situation on the boarder and they say they've dispatched top officials including the secretary of homeland security in the last few days for an update of what was going on and the president was out west and decided to t focus on politics d his upcoming campaign. he had political fundraisers choosing not to visit the boarder and he was out for a
11:19 am
speech honoring the late senator john mccain and did not address the border specifically in his remarks but polls show americans are paying attention to this issue. a majority 62% disapprove of te president's performance coming to immigration and handling specifically of the southern border. the white house keeps pushing the blame onto congress saying they need to come up with new solutions when it comes to border security measures. but just today the white house said the president wowed veto an effort working it is way through the house resuming bored wall construction among other things and the white house said the bill includes harmful partisan border legislation that would further exacerbate the challenges at the border and cut off most access to humanitarian access and ways that are inconsistent with the nation's values and international obligations meaning the white house knows that house republican haves a border plan. they're just not willing to support it and threatening a veto over this proposal. we expect to get an update on what's happening at the border, not to mention that looming
11:20 am
government shutdown. this is a briefing, stu, scheduled about an hour from now. stuart: river side county in california, the sheriff is chad bianco and the sheriff joins me now. sheriff, the president was in your state, would you have wanted him to go to the border? >> absolutely. we've wanted him to go to the border for years now, and we would like anyone to go to the border and at least admit what they're all denying and lying to all of us about that we have a serious problem at the border that is being completely controlled by cartels. if he would have went, he would have had to admit and had to admit to the general public they're lying. stuart: are the migrants having any impact at all in your county? >> yes and no. we're -- i mean, luckily for us we're a little bit removed from the actually boarders. we are not a border county. but the freeways flood right into it and then we have border patrol stations in our county
11:21 am
so, yes, we do but more so it affects imperial county and san diego county. stuart: and it's a mess, i take it; right? >> it's a complete mess. over the last several days, they're releasing thousands just releasing thousands of immigrants into the streets of san diego with nowhere to go. they're just aimlessly wandering the streets and border patrol is so overrun it's an open flow into the country and there's no stopping it and no attempt to stop it. stuart: i notice one thing. governor newsom introduced a new gun law and 16 hours of training for anybody that wants to get a gun and two references. why do you say that this is pointless and ineffective? >> because of facts and statistics and they're lying about numbers and imagination numbers to support an agenda of disarming the general public. the fact of the matter is law-abiding citizens don't
11:22 am
credit crimes. criminals commit crimes and over the past several years, newsom was pro criminal friendly while completely showing that he's anti-law-abiding californians. this will do absolutely nothing to stop crime. stuart: given the level of gun violence around the country, people want to do something. if this is the 16 hours of training, they'd go for that because you're doing something. you reject it entirely? >> i completely reject it entirely because the people that want a concealed weapons permit, are law-abiding residents that do not commit murder. do not commit crimes. stuart: but what's wrong with -- sorry, i don't mean to interrupt you, but what's wrong with 16 hours of training? >> oh, absolutely nothing. they already get eight and the people that are coming to us that are asking for ccws, that's an absolute minimum just to get the permit. they're proficient with their guns, we know they're proficient with their guns but the bottom line is it's for their own
11:23 am
safety not to rob a licker store. a -- liquor store. a criminal is not going to do 16 hours of gun safety before he robs a liquor store or someone's house. this will do absolutely nothing to stop what you referred to as gun violence. it's people violence. it is not guns. guns don't commit violence. stuart: sheriff chad bianco, river side county. appreciate it always. stuart: another new law in california, governor newsom raising the minimum wage for fast food workers. ashley, raise the level to what? ashley: $20 per hour. it takes effect april 1 next year and that's no joke. it means the fast food workers in california will have the highest guaranteed basal reignss leading in the industry and $15.50 per hour is already among the highest in the united states. the new minimum wage for fast
11:24 am
food workers apply to restaurants with at least 60 locations nationwide with an exception bizarrely for restaurants that make and sell their own bread like panera bread for instance. governor newsom dismissed the law that fast food jobs are for teenager to have first experience in the work force calling that a romanticized version of the world that doesn't exist. stuart: they destroy that world. that's what happened here. stuart: i was out in california as you know just this week, gas prices there absolutely soaring. what are residents paying now across the board? tell me. ashley: $7 now in some places in california. that's compared we should say to the national average of about $3.96. as you would expect, motorists are not very happy. listen to this. >> it's crazy. i was just about to take a picture and send to my friend who are in the midwest and show
11:25 am
them how crazy it is here. >> yeah, it used to be like $2 and could fill up for like $20 and most of my paychecks are going to gas. >> how much does it cost to fill up your tank? >> $88. >> sometimes $100, $120. but always around $100. sometimes $150. >> have you had to choose between filling up your gas tank and buying other thing s? >> actually, yes, a couple times it's been groceries or gas. >> gas price have gone up but what about your pay? >> stays the same. >> stays the same huh. ashley: gas or groceries. taxes and regulations of course part of the high prices and for instance the number of refineries in california has fallen by more than half since 1991. again, almost double what the rest of the country is paying, stu. stuart: lucky california. all right, ashley, thank you so much indeed. see you later. cornell university was sued after moving to remote learning
11:26 am
during the pandemic and they had to pay up, did that open the flood gates for more lawsuits? we have the report on that. tomi lahren said every town is a border town and sanctuary cities are finally getting at a taste f it. she's here next. ♪ so, you have diabetes, and your glucose is heading low. [ alert sound ] dexcom g7, the most accurate cgm,
11:27 am
can alert you before you go too low. now, that's more peace of mind with dexcom g7. ♪ ♪
11:28 am
11:29 am
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.
11:30 am
stuart: two hours left of the trading session of the month and quarter. dow is up 20 and s&p up 16. very modest rally in progress. now this, they've agreed to pay a $3 million settlement because they forced students into virtual learning during the pandemic. it'll it will with me this morning. tomi lahren with me this morning. i would think that opens the flood gates to other lawsuits because this happened in universities across the country. >> i hope it does because they deserve it. k-12 were robbed of several years and some schools didn't go back for a couple of years in. some had mask mandates and think
11:31 am
of the university experience and college is expensive and already unaffordable. then you move kids into remote learning and you have to try to go through that process while you're still paying a mint to not attend classes with your actual teacher and people that are pulling big salaries? i hope it opens the door for more lawsuits but even more than that, i hope this is a caution tape around this whole thing ever happening again because i think this sets a great precedent. we're not doing this again and not going into remote learning nor universities that you're spend ago ton of money to attend or k-12 because the taxpayer, we're paying for that too. stuart: the worst thing was you de-troy the university experience. i was at college and meet all kinds of people. you social audize with all kindf people and talk about all things and discussion. that's the university experience with people just like you. that was destroyed by the mandates. >> it was and now people are turning to ai and chat bots instead of talking to one another and dating chat bots. they don't know how to interact
11:32 am
o or how to hear other ideas that are not their own and that remote learning experience contributed to that because you don't have to meet someone face-to-face and easier to get behind your keyboard and have a opinion and not defend it and people need to get back to work, school, cornell pay up and maybe more to follow. i certainly hope so. stuart: i'm with you all the way on this one. destroying the university experience was awful i thought. next case. have you been around new york much? >> i try to avoid it as much as possible but, oh, yes, i've sen the sanctuary carnage. it's a sanctuary country. stuart: you travel around a lot. do you see this? >> we don't allow this in nashville, tennessee. i'm very glad and great leaders that are keeping it from hitting us but eventually millions of people come together country, you have to put them somewhere. but the sanctuary cities, i see people in new york and chicago getting very upset about the
11:33 am
migrant crisis, as they should and i have to ask them will you still vote democrat and i got to tell you, stuart, i think they're still going to vote democrat so you get what you vote for and pay for what you vote for and this is the consequence of keeping voting democrat in perpetuity forever for eternity. this is what you get. i hope you're enjoying it, not you specifically but have to change your vote if you don't like what you're seeing. stuart: you bring the fire on a friday morning. >> i certainly try. stuart: tomi lahren, you're all right. mr. wonderful, known as kevin o'leary has a not so wonderful prediction for one particular group of stocks and he'll be here to explain himself. a government shut down seems more likely with less than 48 hours unstill the deadline. how will that -- until the deadline, how will that affect you, the consumer? jeelwe'll have a report on that next.
11:34 am
i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with low fixed rates. borrow up to $100k. and no fees required. sofi. get your money right.
11:35 am
11:36 am
11:37 am
blackrock silver is bringing new life to one of the great american mining camps in the silver state of nevada. with a new resource estimate imminent, one of the highest grade silver projects in america is about to get bigger. blackrock silver.
11:38 am
stuart: congress less than 48 hours to avert a shut down. hillary vaughn on capitol hill. what could a shut down mean for consumers? reporter: stuarts the longer the shut down drags on, the more devastating and damaging to consumers and the economy as a whole. immediately any federal worker that is not deemed essential will stay home and they will not get paid until the shutdown ends and people missing a paycheck till congress figure this is out is the first thing that's going to happen. the national federation for federal employees estimates more than 2 million federal workers could see delayed paychecks roughly 4 million federal contractors won't get a paycheck at all. of course that then would ripple through local economies. the longer a potential shutdown lingers, people might start feeling if in other ways. medicare and medicaid might feel it and people on food asis trance programs and --
11:39 am
assistance and passport and visa processes running out of money and airports should be operating like normal but tsa agents and air traffic controllers have to show up to work even though they're not getting paid. transportation secretary pete buttigieg says that's a recipe for disaster. >> it's just a matter of time before the chaos in congress leads to chaos at airports. our air traffic controllers are going to work and doing their job and not getting paid. think about the stress you're putting on the backs of air traffic controllers, tsa officers, and others. reporter: for everyone else outside the government, tourists, travelers hoping to visit government museums, national parks, they could see visitor centers, cramp grounds closed. less serious but still sad. dc celebrations to say good-bye to the giant pandas at the smithsonian zoo could be canceled and national park services annual fat bear week
11:40 am
could also be interrupted, stuart. stuart: hillary, we hear you, and i'm here with kevin o'leery, theman -- o'leary here in new york city. you couldn't care less about a government shut down, could you? >> i'd like to participate from an investor standpoint, but i think it'll get shut down on the partisanship and divided government, you don't want it to last more than 14 dais. the market doesn't care is that they know it'll get worked out because they these politicians, this is really bad for their brands. this is business of the people, they're shutting down. make sure everybody understands, it's not a default of debt. it's the government shutting down because they can't get along. now that may sound silly because it is. and voters know this so when you start to affect day-to-day life of voters, they get unhappy. that's when these politicians find a way to work it out. generally takes about 10 days
11:41 am
so, no, not that worried about it. seen the movie before. i find the movie quite boring. stuart: yeah, you're right. it is boring. you shrug at it. when we were doing the debate in california on wednesday, you i, believe, were you watching closely this digital currency hearing because you're fired up about it. >> i went to see it and -- it's one thing about watching it on television and another when you're in the room reading the room. i went and asked to sit in. i have never -- speaker gensler now, i watched him get fried like a chicken. it was unbelievable. the fortitude this man must v. the abuse he was taking, it was unbelievable. here's the issue -- stuart: he wanted digital currency. that's what he's looking for and they destroyed hip on that . >> there's two bills going through and he's jamming them. ftx is out of business and chased binance out of america and charged them both the head guy and the business all kinds of regulators put charges on
11:42 am
them. he's running around the world trying to catch him. who knows where. this is what's frustrating and why the senators and governors, men and women in law making are unhappy. we're letting innovation slip away. let me give you a good example. this hasn't been announced yet, but in abu dhabi, they're planning the launch of new exchange to replace both ftx and binance and they're going to get billions called m2. totally compliant, backed by billions of dollars in credibly stable ownership transparency and can be used by anybody in the world legitimately on a compliant basis. where do you think all this innovation is going to go? it's going to go to the uae. it's going to go to abu dhabi. it's going to become the new standard in exchanges because you can't hold bitcoin without an exchange forly quitty and --
11:43 am
for liquidity and gensler shut down bitcoin and abu dhabi is putting up its hand and saying we can do it over here. if you can't get it done there, we'll do it here. we are the new capital of capital and we're coming to compete. everybody schmidt should wake up and say wait a second, this is america, what happened to us. they were frying gensler, guying him saying you're stopping innovation. you've got to let this asset claman countdowns, that everybody wants, set it free. he kept saying no. stuart: that's fascinating. i wish i was doing a debate otherwise i was engaged. >> same debate in washington except there was a lot more -- it was versus vicious. like dragons shooting fire at each other. stuart: that's interesting. i brought you on the show and teased you saying you've got a group of stocks thinking they're in dire trouble. i know what they are, commercial real estate. >> it's getting worse by the week and lots of private equity firms admitting there's cracks
11:44 am
in the system and based on debt. the debt was raised for these buildings back at 3, 4, 5% and now they're dealing with 9-14% in refinancing them. that makes these building uneconomic. unfortunately what we have is many of them are on the ballot sheets regional banks up to 40% of ballot sheets. they'll come through rolling through refinancing over the next 18-30 months and we'll see more cracks on regional banks and putting pressure on the loan books of the banks hitting small business. that was another issue that gensler was dealing with because he's not given the rules for liquidity demands and on the balance sheets and the regionals are putting up their hand talking to congressmen and women and saying what is it with this guy? give us direction and make it clear. all the regulators, including him, we need rules to open the loan books again. there's so much stuff going on in washington. stuart: if you've got cracks in the system, commercial real estate and cracks in regional banks, that's a threat to the whole market. >> exactly. now, hagerty and his team have come up with a plan and it's picking up momentum again.
11:45 am
he wants to guarantee in these regional banks a payroll account that bears no interpret for up to $100 million for 24 months. as these banks collapse or fail or merge or are acquired, your payroll account is protected. i 100% endorse that idea. everybody should. it should be a bipartisan issue because you don't want a regional bank failing because you can't past $250,000 guarantee it. many payroll accounts on wednesday night are way over $250,000. they have to pass that bill. it's just a two year deal. stuart: they'll call it a bailout. >> it's not a bailout. it's saving jobs in america. stuart: but that's what it'll be called. >> well, you understand the challenge; right? they've got to have some plan for when these banks start failing. the 100 million guarantee are noninterest bearing accounts and payroll accounts only. good idea. i'm going to washington every month. the only way to read the room is be in the room. if you want to be part of the narrative, you have to be in the halls. you can't write a letter, can't fax it in, you can't tweet them. you've got to go in and meet the
11:46 am
staffers and say what's going on here? i agree with this, i don't. i'm banging the drum for small business. they're going to be sick of me pretty soon. stuart: we're not sick of you. i think you're rather articulate and make your case nicely. >> trying to make a varicose very validpoint. stuart: see you soon. you're all right. we put all 30 dow stocks up there and you get a sense of the market. the sellers seem to have taken over a bit. looks like it's two-thirds service connecteds, one-third winners but down 46 on the dow industrials. okay, folks. 11:45. don't go anywhere. friday feedback is next. ♪ you can't buy great conversations or moments that matter, but you can invest in them.
11:47 am
at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence.
11:48 am
11:49 am
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. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. 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. 1-800-217-3217.
11:50 am
that's 1-800-217-3217. ♪ stuart: i was sing. i do know the lyrics to that. i'll write home every day. that is hilton head, south carolina, 74 degrees. lauren, ashley, here we go.
11:51 am
this one comes from john, stuart, you're still on the varsity roster. not sure what that means. you're a varsity roster. >> downgraded to jv. stuart: after traveling to california and moderating the debate. seeing varney at the reagan library is like seeing mountain. that requires no further comment. this is from cathy, how long did the process take to become an american citizen. ashley, you're first. ashley: god, i can't remember. i became a citizen in 1997. i took my written examine in yuma, arizona, but i went through the ceremony in montana of all places with two from czech republic and one from switzerland. it was a wonderful experience and it took a couple years maybe from beginning to end. stuart: i hired a lawyer and got
11:52 am
it done in six months. ashley: wow. stuart: isn't that a terrible way to put it. i joined the club and took me six months. let's move on. i like this one. why are you laugh something ashley: ashley remembers the exact -- lauren: ashley remembers the exact nationalities of the people he took the course will and you said i hired a lawyer. stuart: when i took the oath, there were 38 nationalities in the room with me and everyone had tears in their eyes becoming a citizen. it was a wonderful experience. kevin writes this: what about ai scares you. lauren? lauren: nothing about ai scares me. we need to embrace it and do less work because of it. we can enjoy more time in our day. i'll be do ago lot of computing and organizational stuff. stuart: that's a good one. that's a good one. mike writes this, this could be trouble. what would your spouse or children say are your bad and good habits?
11:53 am
ashley. ashley: oh, boy, you know, my wife gives me a list every day so let me have a look. about 20 things on here. i would say my worst procrastinating, you know, it's like my wife will say, oh, could you get that. yeah, yeah, i got it. i don't. i'd say my most positive attitude is just that, i like to be positive about things and that's it. stuart: that's good. that's very good. my worst habit according to my family is i always turn the lights off. lauren: your frugal. stuart: yeah, and close the fridge quickly and don't like leaving the fridge open like that. it's a ridiculous waste of energy. my worst habit seizure disorders interview even my -- is i interview even my children. i interview people for a living and 12 every single day of my life and i go home and talk to the kids and interview them. tell me the story. what's the first thing, second thing, repeat the premise and out. lauren: in 15 second. stuart: yes, no, i give them 30
11:54 am
and my children. what's your best and worst? lauren: my husband and my kids probably say the same thing for different reasons. my kids say i forget things and my husband says i forget nothing. stuart: well, there you go. move on from there. hey, lynn writes this, stuart, did you get a opportunity to tour the reagan library and have lunch in the beginner's bistro? no, i enjoyed the reagan steak chilly when i enjoyed the library. they've got an old air force one, which they built the library around so you're literally right there in air force one. i thought that was really terrific that was my favorite feature. this one co comes from de-laurad jim and great debate and i love you're in my neck of the woods in simi valley and still on cloud nine with a long time viewer and able to see you deliver the news in person. look at us on the set in california. got -- look at -- i remember these guys. yes. we were doing the show -- yes,
11:55 am
doing the show yesterday morning. we're just outside the main library area. these two good folks came along and the viewers obviously. we brought them in and they had a picture taken. lauren: i have a question, did you charge them for that photo? susan: i tried to get $10 out of them but they were having none of it. great people. great people. great people. moving on, time for the friday trivia question, and i haven't got a clue about this one. don't look it up. which president took the oath of office in his own home? chester arthur, franklin pierce, martin van buren, benjamin harrison. don't look it up. the answer after this. ♪ ..
11:56 am
11:57 am
11:58 am
11:59 am
stuart: this is one of the more difficult questions. which president took the oath of office and his own home? chester arthur, franklin pierce, martin van buren, benjamin harrison? you haven't been looking it up police? ashley: i have no idea. i got number 2, franklin pierce. stuart: going to have a stab at it? lauren: number 3, martin van buren. stuart: i will go with number one, chester arthur. thank you, ladies and gentlemen.
12:00 pm
chester arthur when president garfield passed away in september 18, '81. the new york supreme court judge, the oath of office in arthur's new york city home. in new york city, how about that? a different place back then. ashley, lauren, thank you for taking care of business. it was a wonderful time. thanks for the support and help. i have to count down to the very second, i've got 13, 12 to go because i've got to get up to 12:00 noon. that is it for "varney and company". coast-to-coast starts now. neil: on the verge of the government shutting down and then autoworkers strike on top of twin jolts for an economy that has absorbed many of them. a stock market that has had to absorb a few of its own, rocky

54 Views

info Stream Only

Uploaded by TV Archive on