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tv   Varney Company  FOX Business  October 24, 2023 10:00am-11:00am EDT

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allowance toward eyewear such as lenses or contacts. and hearing benefits include routine hearing exams and coverage toward hearing aids. you're covered for preventive services like annual mammograms and prostate exams. there's a zero-dollar copay for routine vaccines and telehealth visits. and you get worldwide coverage for emergencies when you travel. you get all of this in one convenient plan. plus, there's a cap on your out-of-pocket costs! so, call or go online today to see if there's a humana plan in your area, to find out if your doctor is in one of our networks, and to get our free decision guide. there's no obligation, just good information. humana - a more human way to healthcare. stuart: it is 10:00 eastern.
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straight to your money. a solid rally in the stock market, the dow industrials up 206 d points, the nasdaq up one hundred 18 and gaining ground. here's the real headline of the day financially, bitcoin, look at it go, $34,415, big rally in crypto today, the possibility, the hope of an etf for cryptos which would make trading in cryptos so much easier. 10 year treasury yield nowhere near 5% which is where it was yesterday morning, and out is at 486, the price of oil not doing much this morning, $78 a barrel. oil is around $78 a barrel. secretary of state antony blinken is attending a un security council meeting on the middle east. we will bring you any headlines as we get them. now this.
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the so-called squad has no shame. this group of far left democrats lies to the american people, you wonder how they could be in good standing in their party, they are rabidly pro-hamas, vigorously supported organization that terrorizes and kills jews, they put out, influence public opinion. rashida tlaib has still not taken down her tweet accusing israel of attacking the hospital in gaza lodz that is a lie that has been thoroughly discredited. the tweet has been viewed 37 million times. on omar calls for cease-fire as if israel should not be allowed to pursue the terrorists. alexandria ocasio cortez charges israel with more crimes. where was she october 7th when hamas butchered israeli civilians. the squad and their supporters are a powerful block in the democrat party, they have deeply offended other
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progressives especially jewish progressives until october 7th, liberals united behind their causes but hamas committed atrocities on jews and barely a murmur from the left. many feel abandoned by their former friends. it may be jewish voters the democrat party is about to unwind. second hour of varney just getting started. the gentleman on the right hand side of the screen is guy ensign, jewish people traditionally vote democrat. will that change? >> it might for some of them. some scales have been falling from people's eyes and there's a possibility it is not just on this question. if you are a progressive and you support is real and value
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the life of jewish people and look around and see how many of your fellow partisans or fellow travelers don't share that core value and are taking pretty aggressively the side of hamas, a terrorist organization, perhaps you will consider the possibility, the moral compass is mis-calibrated on other issues as well. stuart: you probably heard this from other sources, many people woke up on october 7th sympathetic to work ideology. they went to bed questioning have they signed on to a worldview that had nothing to say about mass rape and murder by innocent people, do you think some wokeys are waking up to this? >> actually away, finally, perhaps. you see where a lot of this
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starts on campus, insane indoctrination by insane faculty members and this insidious poisonous toxic worldview where everything is about grievance. look where that has ended up. people call themselves progressives. a disturbing number of them see part and parcel of progressivism just basically either defending or excusing or cheering on openly the slaughter of hundreds of innocent people because they are israelis, because they are jews, people wonder what is the progress? it makes perfect sense under this warped worldview, others might not be so sure. stuart: the note says, quote, the early versions of the
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coverage rely on claims by hamas but did not make clear those claims could not immediately be verified. i believe that an admission of error. >> it effectively is an admission of error. it is carefully worded. the shorter version of that is we shouldn't have taken a terrorist group at their word, because they were once again lying. that the reality of this. hamas lies all the time, they are genocidal maniacs who want to end the israeli state. when something happens and they say this is what we are saying went down it is incumbent on every journalist to check them and check them again because the terrorist group should not be trusted. going back to your monologue, rashida tlaib let the tweet up about the hospital bombing that never was, the parking lot got hit by a rocket fired by islamic jihad, she has that
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tweet live, she doubled down the next day in a public speech blaming israel and she just gave another interview tripling down on this, what an absolute stain on the institution she is, in my view a rabid bigot. she refuses to believe the evidence, her own government, doesn't have to believe is real, the evidence is now clear. she chooses to take the word of hamas. that's revealing and disturbing. stuart: they have no shame. see you again soon. chinese officials changing their stance on the war in israel. lauren: this is from the chinese foreign minister who says israel must protect civilians but here is the point. they have the right to self-defense. china has refrained from condemning hamas, weighing is in washington at the end of the week.
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this lays the ground for president xi and president biden to meet in san francisco. stuart: back to the markets, dow is up 200 points, nasdaq is 100. are we rallying through the pain? scott:we are trying to. we have some earnings that said good things, now it will be a long road. i can't ignore the 36 years i've got in this business, the signs that i see in front of me. we've all been arguing whether we would have a recession. i don't think that the issue. it is when, that is the what the argument should be. we've got tax revenues down 10% this year. the biden administration and a lot of other things raised taxes. we should have seen taxes go up. they went down by 10%. that is a problem.
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number 2, we keep looking at great job numbers, the notices that employers have to get when they are laying off a certain amount of people, those have skyrocketed. we've also seen subprime auto loan debt, those that are 60 days behind, up by 6%, that is the highest since 1994. lastly, you can't get around the fact the housing market is stalled, not happening. everyone is listing their house for prices they would like to sell in 2,020 one. everybody with a mortgage at 3.125% will not have that mortgage. you have to see prices come down a lot or interest rates come down a lot. i don't think you will see interest rates come down a lot but have a reckoning. it's in a virtual standstill. all those things tell me we
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have problems and the consumer is starting to crack, they are spending on fumes. it is just when, not if. stuart: tomorrow morning around 8:30 we will get a look at the economy, gdp numbers, likely to show a growth of 4%, maybe 5%. that's not a sign of recession. scott:we have to have two quarters in a row of negative growth to have a recession. to come off about 5% number it will be difficult in the short-term. from the bureau of labor statistics that haven't added up seasonal adjustments, with seasonal adjustments last -- it was down 5% before seasonally adjusted 0.7%. i just want to see more covid
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stuff get through the system before i can start believing a lot of these numbers. so many distortions and i'm not making excuses. if you look at the things put out by the government, it's not giving -- bidenomics is not giving me the feeling these numbers are. stuart: scott shelladdy, always original. this is a rally on the market. the dow was up 250. lauren is looking at the movers and that would include verizon. lauren: the dow raised its free to $18 billion and it added greater than expected wireless phone subscribers. stuart: how about spotify? >> monthly active users up 11% but premiums, those who pay 11 a month grew those numbers by 16% this year.
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shares have doubled in 2,023. we won with bitcoin going to $33,000 a coin. bitcoin and crypto related stocks. lauren: double digit gains not just for micro strategy, $30,000, all of this is speculation that exchange traded fund that tracks bitcoin considered safer and less volatile, is sec approved. stuart: like a star. bitcoin 34,000. president biden says bidenomics has been a success. >> president biden: investing in america. investing in the american people. investing in our future. i have never been more optimistic about america's future. stuart: later in the show we will see what senator bill cassidy think of that, he's on the finance cody.
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autoworkers on strike in los angeles. what are they doing? hiring migrants from the homeless shelter. we are all over that one. the pentagon says it will hold iran responsible for attacks on american troops. how exactly will biden hold iran accountable? senator joni ernst on that next. ♪ american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪
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and 3 weeks into the war, israel escalated its bombardment, and two hostages were replaced today. >> a lot of what you are experiencing. and we are riding along the volunteers, and did we have this rocket fire consistently coming out of the gaza strip. there was some rocket fire today, no one was injured. and she is telling her tale now after getting out of the gaza
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strip, after being overwhelmed, and forced onto the back of a motorcycle? >> i've been through hell. we never knew we would come into the situation. and laid me on my side on a motorbike and ran into the same thing. they blue up dozens, dozens of houses, kidnapped people like me. there is no difference between men or women. it was very painful. >> reporter: her story is remarkable and value. it is a spider web of tunnels under the gaza strip. they broke into groups of 5. they play the pr game. and sanitary corbin for the women.
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and putting pressure to the delay the ground invasion to gaza. driving around, being ready to help people in the event a rocket gets through the iron dome system. stuart: thank you. the pentagon says it will hold iran responsible for the recent drone attacks on us troops. senator joni ernst joins me now. how should biden hold iran accountable? >> reporter: so many things president biden should have been doing already. one is formally freeze the $6 billion of aspect in qatar that he released to iran earlier or last month.
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to send a message to iran we are refreezing these assets, with increasing sanctions moving forward. i had an official tell me, quote, senator, iran, is one of the most sanctioned nations in the world. i said yes, but it doesn't matter unless you enforce the sanctions. scrapped the nuclear deal. all of this appeasement is getting us nowhere. we are just enriching iran and allowing them to fund hamas and allow these terrorist actions. stuart: larry kudlow was on the program a few minutes ago. he would go further. apply the sanctions, freeze the money. he was also talking about ships going from iran carrying missile parts to russia. would you go that far and take action of that kind? >> reporter: that's appropriate as they fund and out for this
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war. and a strong message for iran as well. when you come after americans we are coming after you. that needs to be loud and clear. we've seen 80 attacks on american strikes in the last 3 years since president biden, has responded to a handful of strikes. this is abominable, this should not be happening. it just proves to the world that america has week leadership. now's not a time for that week leadership. we have to stand up, be strong, be united with israel on the world stage. stuart: border patrol is warning terrorists from hamas and hezbollah may have crossed our southern border, they are here. what are we doing about this, if they are already here.
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and they are so intent on appeasing these authoritarian regimes. and they openly cross. and in the last month, go across the border from nations that have a security risk to the united states. the increasing interest in these -- we have to secure the border. as well as assist allies and friends and pushing against these regimes.
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they have to hold these authoritarian regimes like iran accountable. stuart: senator joni ernst, thanks for being with us. and some are replaced by migrants. tell me more. ashley: they hired migrants from homeless shelters, they working unionized hotels. workers have gone on strike. 15,000 workers striking and 60 southern california hotels since early july. refugees and asylum-seekers are legally allowed to work and employers to hire replacement workers. there are claims some of the migrants have been exploited with potential wage theft, long hours, violations of child labor laws.
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george gascon is saying if those claims are true, there will be severe consequences for hotel operators. stuart: thanks. squad member rashida tlaib tripling down on the hamas narrative, israel was behind the explosion in the gaza hospital. wait until you hear what she does now. hamas is released two more hostages, they may release 50 more with dual citizenship. what's behind these releases? we get into that next. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies.
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stuart: got a shock when i tuned in to see what the price of bitcoin was, 32,300, straight up overnight. we start with moderna which was 3% higher. lauren: they dosed the first participant in a phase 3 study of the combination covid and flu vaccine. is going to be a trial of 8000 people and targeting real tory approval. stuart: two vaccinations. draft kings.
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lauren: they like the cost controls and new product, stock is up today, up one hundred 50% this year. stuart: just about everything is a big time except bath and body works. lauren: i want to round out, down one. 5%, jpmorgan, they took the price target down 3%, 40 want to $27, and more promotions. stuart: the uaw extended its strike? lauren: the texas plans that make thing profit machine is the moneymakers. this is the texas plant that makes the sport-utility vehicle. can you say that, on strike now. and 40,000 workers on strike, because of the ripple effect
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they had to lay off workers. layoffs are over $7000. stuart: usually to include profitable factories. >> because of the strike, where it was. that is why they pooled their for your guidance. how do you do that? they are offering 20% wage increases and other benefits. how the remain profitable when you are paying workers that much more? stuart: 29 mgm right now. hamas has released two israeli and hostages, they release 50 more, the president of the is radian -- iranian islamic forum, and going to be a frequent guest in the future. where did hamas release these hostages?
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>> there strategy radical islamism, it is the manual of isis, basically they are in for a long siege, they want to release the drip of radical islamism, that is what hostagetaking is about. they live to die and it is the militant manual and it is all about asynchronous warfare so they want prisoners released from israel. they use palestinians as cannon fodder and our prayers are with families of the hostages, hope they are released. and hope israel decimate hamas once and for all. isis went away, hamas comes back, al qaeda comes back. this is what we need to counter in the muslim community.
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stuart: sounds bad to say this but taking hostages is an effective strategy. it is working, isn't it? >> this is the problem. this is why iran could never have nuclear weapons. this is why we have to decimate them when we can. there strategy is about end of times, the afterlife, they will do whatever by any means necessary, they don't live by the same, the battle of civilization versus the uncivilized. they will pool at whatever heartstrings they can in any human way. this is why we have to defeat them through strength. why you see hostages taken during the biden administration, during an appeasement administration, where we pulled out of afghanistan and hand ransom to iran. once we free these hostages and decimate hamas i hope the world learns that you cannot defeat terrorism through appeasement, ultimately you have to detour them through strength so they don't end up in this situation
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again. stuart: it seems like you are very much a minority voice within the american muslim community. is that accurate? >> i wish it wasn't. i think ultimately the woke ideology that has married itself with the islamism we've talked about for a decade has ramped up the victim, she, the victim mindset that dominates the consciousness and imprisons the mind of so many muslims that came to america for freedom and liberty and forget why they are here instantly become victims and the majority of muslims when they wake up from the wokeism and abandon victim apology and get to the judeo-christian islamic values of morality and conscience if you will will abandon this. as israel dropped leaflets in gaza many palestinians remember their morals and forget the
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propaganda that is pushed on them, that everything is justified. this is not the islam that i know but is the islam of the 13th century the dominates so many institutions around the world. american muslims need to have this awakening against the hamas radical movement. too few muslims have condemned hamas. if they would condemn hamas and say the palestinians are cannon fodder for the radicalism of hamas it would do so much to save humanity from this evil. stuart: victim ologies is the easy way out. thank you for being with us, hope to see you again soon. now this. republican lawmakers say new york public schools are pushing anti-semitic material on students. ashley, tell me more about this. ashley: new york's education department is using a video and training materials that help educate us about the war in israel following hamas's deadly terror attacks.
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they say those teaching aids contain numerous factual errors and anti-semitic biases that paint israel as the primary aggressor in the decades long conflict, the video also states that israel/'s palestinian conflict is about one thing only, land. codecs say that over sympathize the dispute, hamas wanting to wipe israel off the map while israel and jewish people are fighting for the right to exist. lawmakers have received many angry calls from parents, jewish educators, rabbis and community leaders expressing outrage over these teaching utilities. stuart: the results from the investigation into social media and its impact on children's mental health. the full story on that coming up. senator bill cassidy traveled to israel does he approve of delaying the ground invasion, the senator is next.
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stuart: on the markets i will call this a rally, dow was up 300, nasdaq up one hundred 34 points which is just over one%. that a rally. the senate will begin talks on president biden's aid package for israel and ukraine. is there a division in both parties? >> reporter: there's some aid package in the republican party especially the money that is meant to go to gaza as humanitarian aid. leaders schumer and mcconnell made their floor remarks talking about how important it is to take up the aid package, saying the world would be a
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safer place. i want to caution our viewers the things are moving fast oversees getting major concerns of this conflict growing wider. the house foreign affairs committee is set to get a classified meeting as the biden administration, increasingly worried about the conflict going into widescale regional war with groups like hezbollah getting involved. the white house has been asking israel to delay a ground invasion and the pentagon moved two carrier strikers into the region. the administration is trying to come up with a contingency plan to get hundreds of thousands of americans out of the middle east. >> if that does happen the military will be there to support the state department,
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whatever it needs to help get citizens out safely and provide security. we are not there yet. we are the most lethal fighting force the world has ever seen. that is why we will urge the strong message of deterrence. >> reporter: republicans are calling on this administration to sanction iran and freeze those $6 billion immediately. stuart: thank you very much. joining us is that are bill cassidy from louisiana. you just got back from israel and met with prime minister netanyahu. in your opinion, will congress approve the more than $100 billion request to israel and ukraine? >> there is also money for border funding and taiwan. most folks want at least three of those and right now, the
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need to support the israelis as they do battle with hamas and maybe hezbollah and maybe she a militia from syria is seen as incredibly important, congress will pass it. we when israel seems to be delaying the ground invasion of gaza. do you are proof of that? >> i will leave it up to the people in charge. a couple things, the hostages out there, they have to prepare for a two front war so they may be making sure hezbollah decides to meet in the north of israel and 3, when we spoke on our trip to the literary political leaders, they recognized there is a system of tunnels underneath gaza city that gives the advantage to hamas and they want to make sure that they reduce the ability of hamas to use that system of tunnels and other things as a defense of advantage.
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looks like they are trying to blow up anything that may have a connection to the tunnels but that's part of the strategy. stuart: president biden says destroy hamas. are we beginning to back away from that, not that promise but that statement? >> the israelis feel they need to destroy hamas as military and operational leadership. as one guy said, there may be somebody walking around with an ak-47 believing in what hamas is espousing but the leadership and operational ability is destroyed. they actually thought they made overtures to hamas. there is 19,000 palestinians a day bringing paychecks back to gaza with more freedom of movement that was going to begin to be a more open relationship when hamas comes in and despite that or because of it, choose the kibbutz in which people who are peace
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activists teaching their children both arabic and hebrew as a way to build relationships between the two suicide is when hamas targets of them and send the message to israel that there is no coexistence between hamas and israel. stuart: let's turn to iran. they have been attacking american forces for some time. a total of 93 attacks in the last couple of years. should we continue to appease them? that's the policy now, or should we be deterring them? >> we should absolutely deter. it's not the uranian people. they've been held captive by a small group of people ripping off the country and forcing their will upon people, but if you speak about what we can do for the iranians, i've been told we turned a blind eye to the oil sanctions. someone in israel said the 6 billion they are getting that's coming through, is a pittance compared to the money they are
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getting from selling the oil. there is sanctions regime that is not supposed to allow them but the biden administration is turning a blind eye and financing of this. the deterrence is to shut off their income by enforcing those oil sanctions. of the one senator bill cassidy, thanks for joining us, always a pleasure. one democrat run state is dropping basic reading, writing and math competency requirements to graduate high school saying those requirements harm students of color. we have a full report. or we go again. house republicans meeting behind closed doors on the speakership. in my opinion this is embarrassing for the republican party. what does brian kilmeade think? he is on the show next.
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when you stream on the xfinity 10g network. stuart: the dow is up there hundred 35 points, nasdaq up 346, better than 1% gain for the dow and the nasdaq, pretty gone and the s&p. bitcoin come big story of of the morning, 34,800 $381.
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10:51 eastern time. brian kilmeade will miraculously appear on the screen. i'm sick and tired of this speaker mess. it's embarrassing for republicans. are you with me on this? brian: i was a kevin mccarthy supporter. i thought he did a great job. there are times you would host your own show and call your own shots, other times you do the five and have to get along with everybody, the one goal is to make that show better and when you have other people, doesn't mean everything goes your way. i can't believe these men and women got this job and didn't understand the job description. it isn't about them being famous, you represent your people but have a policy and a party to subscribe to. stuart: what should the republican party do with matt gaetz? he blue everything up, blowup the speakership of kevin mccarthy and he has got nothing, the republicans are worse off now than they were before they ousted mccarthy, what do you do with this? >> it is interesting to expand on your point, jim jordan was
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firmly for kevin mccarthy, steve scalise said no problem, kevin mccarthy should be the speaker. everyone, to only reluctantly because they tossed out kevin mccarthy, the people who tossed him out, none of those 8, wanted to blow up the place and make sure you didn't go to the club or go to the gym because i won't work out anyway. and byron donald seem to be the front runner, i just say this, don't go home on weekends, don't want to hear it, okay, whoever gets it, 7 people in it, they get 40 or 50 votes instead of the hundred, more than two and they say we fall pledge to support whoever got the most votes, you did, great. whoever that is, heisei he gets the most votes, anybody gets, anybody for me? got it. whoever against me, let's stay in this room, what's going on,
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want me to meet collectively, what bothers you, how can i fix it, how to make you feel better about maybe spending, defense, what is it? maybe appropriations and get to the bottom of it but by the time it's done may be midnight tonight you have a speaker and this will blow over and realize how much kevin mccarthy was doing, fundraising, recruiting candidates and putting his ego aside to help the moderates and the freedom caucus, you have to be everything to both. people should realize they are not presidents. stuart: will voters have forgotten about this in november next year? brian: i do. if they not shut down the government, move forward they forget about it, think about the tornado speed in which things are coming at us from the war in the middle east to the trump trials going on right now to the gop race and the primaries happening, who knows
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if president biden will survive to be the nominee at the end of the day or the guy addition, gavin newsom who goes to china and israel but i don't want to be president, all that stuff is going to churn through and when you vote you say i want that person to represent me, i'm not thinking speaker, i'm thinking i'm in a blue state or red state, who do i want representing my town, my county, i'm not going to worry majority, minority because i think that it will come up again in the next couple days, you pick the speaker the next year. it is a given. stuart: i hope you are right but not so sure. i think voters have memory for this nonsense. brian: so much storage we are overloaded. stuart: we are in the news
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business. you are all right, see you again soon. look what we have for you. byron donald's should be the next speaker. kirk cameron on the impact of social media on children. congresswoman yong kim who wants avenue some to cancel his climate shipped to china and in their foreign policy failure, venezuela. we get their dirty oil and they get a lot of money. nicholas maduro is laughing, that's "my take" next.
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>> this is not about about the hostages, this is not about rescuing the ohio angs, as sad as that may be. israel is going to wane hamas off the face of this earth regardless of whether or not there are talks with hamas or not. >> i guess concerns keeping the hostages that are stuck in gaza city, these wounds are still fresh for us. is so our

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