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tv   Varney Company  FOX Business  November 2, 2023 11:00am-12:00pm EDT

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the people of israel need immediate help. rockets have us squarely in the crosshairs. our people are targets in their own homes. many have lost everything and fear for their lives. the international fellowship of christians and jews has launched an urgent response to rescue those affected by this violent attack. our teams are on the ground across israel delivering lifesaving aid. your urgently needed gift of only $45 will help rush food, water, medicine and emergency supplies for jewish families that have nowhere to turn. time is literally running out. what we need you to do is to act now.
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>> you have to the fbi bi director saying 60% of of the hate crimes in this country are targeted against the jewish people, so you'd think there would be a task force to combat that. instead, the president and vice president are playing politics. >> we do a $14 billion clean bill on a referendum on our closest ally in the middle east, we're doing that. >> a crisis in our education system is, as you mow and we've talked about many times. not just an academic crisis, but a mental health crisis. stuart: it is 11:00 eastern i'm, thursday, november the 2nd. we're going to check in on the rally which has now reached strong proportions, i've got to the say. the dow is up over 400 points, about 1.25%. the nasdaq is up nearly 200, that's close to 1.5%. and the s&p is up 65, that is a 1.5% point gain. big. if show me big tech, please. i'm sure heir all -- i thought they were all going to be the up, but amazon is actually down 4 cents, but meta is down $2.44.
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big gain for apple and also for microsoft, doing quite well as a well. apple reports this afternoon, by the way. what's moving all of this? it's the yield on the 10-year treasury. all the way down. look at that, all the way down to 4.63%. that is a very significant decline. means the movement of enormous amounts of money, and down come rates and up go stocks. that's what's happening. now this. who would have thought that a terror attack overseas would expose the hate at american colleges. has exactly what's happened. that is exactly what's happened. exposed is the right word to the use. the rampant anti-semitism we're seeing has exposed the true the nature of american liberalism. it's not peace, love and humanity, it's hate. countless universities have signed on to the boycott, guestment and sanction campaign that targets israel. bds wants to throttle israel. you think you can get a job in
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these colleges if you don't tow the required political line? that's why at 40 -- 40 -- leading universities, a recent study the found there were no republicans in the history or journalism departments, 0, none. and in the economics, psychology and law departments, democrats were the vast, overwhelming majority. liberal schism is entrenched. i blame my generation. some of the baby boomers radicalized in the '60s didn't go into business, oh, no, they went into teaching; teaching radical politicses. and they hire their radical travelers onboard. so here we are with our liberal colleges endullinging in gross anti-semitism -- indulging. it's a disgrace. third hour of "varney" starts now. ♪ ♪
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stuart: kennedy is with us, hack goodness, to discuss this idea here. am i too harsh? >> no, i think you're absolutely right. and it's not just an anti-israel sentiment what we're seeing, it is the anti-semitic, plain and simple. and it's very interesting because you would think that that a war like this and the brutal, plain evil terrorism that we've seen would inspire people to stand the up and defend jews in this country, but they're not. i mean, this is a full blown radicalization. and these college campuses are, they are blatantly anti-semitic, many of them. and it's many professors. and so now the trustees and the donors are looking at this going, why am i sending you millions and millions of dollars? you're just catching wise as the what's been going on in academia a for decades now? stuart: i do think it's my generation's fault. baby boomers radicalized in the '60s saided in the colleges
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and hired radical self-travelers. that's how we got to where we are. >> it has become a self-licking lollipop and, turns out, not so sweet. stuart: i'm going to change the subject entirely, and i know you're interested in this one. we told our audience about a restaurant in georgia that slapped a $50 surcharge on one family's bill for failure to control their children. what do you say to that, a bad parent tax? >> yeah, no, i wrote about this in the daily mail because i don't think $50 was enough. they should is have absolutely charged this party with 11 children, 4 families, 11 kids, because the kids are running around outside which would be fine if they can't have outdoor dining in a fine dining establishment, and the owner has told people if your kids aren't behaved, i'm going to add a tax on to your bill, and i'm going to the charge you for their bad behavior because, you know, think about the people who get up and leave, they don't finish their meal, they don't have the espresso martinis or dessert
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because they want to get away from screaming kids. that costs the restaurant money in the moment, but then they go out and tell their friends, hey, it's a nice restaurant, but they've got screaming kids everywhere, and, you know, maybe we should go somewhere else. so, yeah, and there are a lot of parents who applaud this because we worked our tails off to keep our kids occupied. more importantly than that, we chose appropriate venues. they were family-friendly where kids could be kids. stuart: when i had very young children, if they made a noise or, you know, i'd take 'em out, carry them out. now, it's easy for me to do. i had my wife with me at the time, i could do that kind of thing. how about you? lauren: oh, boy. stuart: you're on deck. lauren: i think when you have that many children going to one restaurant the, it needs to be a family-friendly restaurant that you're going to, and you need to have activities for them to do, coloring books, ipads, ways to keep them behaved to respect everybody else. stuart: so tell us your story. lauren: oh, gosh, i have so
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many. the kids don't behave on airplanes sometimes, restaurants. what do you do? you leave early. >> hard to leave an airplane early. [laughter] lauren: i buy everybody else drinks, i do. >> so when i had little kids, i wanted to condition them to be good fliers, so i learned a tip prosecute -- the flyers. for every hour that your child is well behaved, at the end of that hour, they get a small present, an eraser, a plastic dinosaur, a lollipop -- lauren: bribery. >> absolutely. but on an airplane, there's no way i would allow my kids to kick other people's seats. i was like an nhl goalie, i was making sure nothing was getting through. stuart: kennedy, that was great. lauren: because you get annoy by bad kids because you tried so hard to have good kids. >> yeah. i love a good flogging, stuart. stuart: all right. [laughter] we'd better get back to the markets because we have that rally still in place.
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dow's up close to 400 again. jeffrey smalls with us this morning. let's look forward to the apple afternoon. i don't think that apple is your favorite big tech stock the, is it? why not? >> well, not at this time. apple really comprises 7.3% of the s&p, so we really need them to have a good quarter, stuart, but their earnings have been declining for four straight quarters, and every component of their revenue model has been dropping over the last nine months from wearables to iphone sales to ipads. and in august they gave us a warning that ipads and imacs were going to be dropping by double digits in sales this quarter. and so in the short term, there's a lot of risk with apple because the it's really overpriced. stuart: okay. so which is your favorite big tech stock? >> well, i think that the two favorites out of the fangs, and the fundamentals for most of the fangs remain relatively strong, but i really like meta because they blew out earning, and they're priced about 5%
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below s&p multiples right now. i also like amazon a lot better too because they're growing double digits across their entire revenue platform, and their earnings went up 20% in this most recent quarter. that's why you see those stocks moving. stuart: would you buy both of them, amazon and meta? >> i think you buy what's growing in this environment and and, you know, we're coming into an environment that's going to be more challenging as time goes on. the chick data is going to -- economic data is going to get worse with, that's why the fed didn't take action yesterday. so, absolutely, these should be your current holdings at this time. this is the gold in the gold hine that you want to harvest in your portfolio, stuart. stuart: you have not mentioned microsoft which is disappointing since i own a thin sliver of microsoft. what have you got to say about mspt. >> you know, funny story the, in 2015 when i was on with you, you asked me, jeffrey, what is microsoft going to do, and i it would you it was a good long-term hold. and the cloud exploded, and it was at $30 a share back then,
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and look at it today, over $330 a share. so microsoft is a great a.i. play. they have great fundamentals, and they really should be included in that meta and amazon component of your portfolio. stuart: real fast, while we have you, can you explain the sharp decline in treasury yields which really is helping big tech? >> you know, that was music to our ears. and it's the music to the market's ears. i have to congratulate, you know, the fed chairman for doing what he did yesterday, because nobody believes heir going to raise rates anymore, stuart. they're letting some pressure off of the gas pedal, but they're alluding to the pact that they want to raise rates if it's necessary in the future. we know they're done. the market sees rates dropping in june of next year and organically dropping 100 points over the next 3-6 months which means a rally going into year end because of the rate cycle. stuart: music to our ears. jeffrey small, see you again real soon.
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lauren's looking at movers, and i believe qualcomm is definitely moving. lauren: up 5%. they're optimistic about smartphone sales. the bottom is in. they make the processers at the heart of in an destroyed phones, so management is -- android phones. they also make chips for the auto industry. it's a maul art part of their business, but it's the growing in a big way. stuart: is shell moving? lauren: it's higher, $3.5 billion buyback on the back of a strong quarter where net income was up by 76%. the stock is up almost 5. the issue is the london oil giants, hell and bp, shell is clearly outperforming, and there's a lot of tie-up talk, does shell merge or buy bp? stuart: what about disney? they're on the upside. lauren: yep. they own two-thirds of hulu, and now they want to buy that remaining third from nbc universal. complete ownership gives disney more content. hulu is popular, 48 million subscribers. their sportsbook, es espn bet,
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it goes live on the 14th of this month. stuart: thanks, lauren. students at columbia university stagedded a walkout during one of hillary clinton's classes. she was lecturing about peace processes. we'll tell you all about it. there are calls from hollywood to washington to ban tiktok over the, quote, rampant anti-semitism the on the platform. congressman andy barr is one of the lawmakers who supports that total ban. he's coming up. the administration says at least 4000 americans are still -- 400 americans are still stuck in gaza. trey yingst will bring us the latest from israel next. ♪ ♪ the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas-
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washington to the ban tiktok. over the, quote, rampant anti-semitism on the platform. ashley, who is calling for this ban? ashley: well, more than to of -- 30 of these so-called hollywood stars and influencers, they've sign a letter to tiktok saying hat platform is not safe for jewish users. the statement goes on to say, quote, simply put, tiktok lacks critical safety features to protect jewish content creators and the broader jewish tiktok community, adding that the company's employees are, quote, not doing must have. the group says the rampant anti-semitism is a common problem that tiktok has failed to the address for far too long. hedge fund billionaire bill ackman also weighing in saying tiktok should probably be banned, he says, for massively manipulating public opinion in favor of hamas and stoke thing anti-israel animus. tiktok, by the way, in response
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says it to opposes anti-semitism in all forms and is committed to fight it. stu. stuart: thanks, ash. republican congressman from kentucky andy barr joins me now. congressman, you also want to ban tiktok. i would suggest that that that's a little extreme because we've got tens of millions of users in america. >> well, i believe in the first amendment, and i believe in freedom of speech, but when you have a platform that doesn't deliver true freedom of speech when it manipulates speech, when t it's not a free marketplace of ideas and it is controlled by the chinese communist party and hair algorithms which create -- their algorithms which create a disproportionate and elevate voices of some and suppresses the voices of others, that that's not free speech. that is ccp-directed foreign propaganda. and so we need to facilitate or advocate for the sale of tiktok technology to an american-controlled company where you really, truly would
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have a free marketplace of ideas, or we certainly don't want to perpetuate this foreign propaganda. and in the case of pro-hamas propaganda, on tiktok 3 billion views of stand with palestine when there's only been 200 million views of stand with israel. that is clearly disproportionate, that is not freedom of speech. stuart: okay, sir. change the subject for a second here. president biden has his own bill for congress. it marries aid for israel to aid for ukraine. however, congressman, there's a lot of extra pork many that, in biden's bill. i mean, like, there's, what is it, there's -- i'm looking here. we've got $6 billion for broadband subsidies, $16 billion for covid childcare relief, $1.6 billion to lower the price of heating oil in the northeastern part of the country. that's all pork. what can you do to -- can you get it out?
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>> here again is another example of a biden spending spree bill with no accountability which contributes to inflation and, frankly, doesn't address and is not focused on the national security challenges right now. that's why house republicans want to the separate out and target the security assistance to israel and separate it out and take these individual bills separately. and furthermore, the $10 is 5 billion -- 105 billion that the white house is asking congress to pass is not paid for. and we have a $2 trillion deficit this year alone. we have got to get -- this is a martial security crisis in its own -- national security crisis many if its own right. we need to pay for these. that's why the targeted house republican bill that we're going to vote for and pass today to support assistance to israel paid for, offset by reducing funding for the irs. and the cbo score is wrong. this will cut spending, this will offset the spending. stuart: do you definitely have the votes for this afternoon's
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vote for the aid package to the israel? >> i think we do. i don't know of any republican yet who is going to vote against it. i think house republicans now are united behind the new speaker and united around the idea that we need to segregate out assistance to israel and target it ask pay for it. stuart: congressman andy barr, thanks very much for joining us this morning. thank you, sir. >> good to be with you. stuart: the administration says at least 400 americans are still suck in gaza. trey yingst on the ground in southern israel. what's the administration doing to try to get them out? >> reporter: yeah, stuart, we understand the state department is working closely with the israelis and the egyptians to make sure all of the names of americans that are currently trapped merchandise gaza get on a list -- inside gaza get on a list so they can get out. i want to give you an a update as we've been watching new 3w59ings between hamas militants and the israeli military. the israelis using artillery units to strike different
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positions in open fields, an indication they're probably trying to hit the tunnel system beneath gaza. we also saw as attack helicopters over the past 24 hours have targeted the northern part of the strip. the israelis are using helicopters and fighter jets to try to support infantry groups operating merchandise gaza. 18 of -- inside gaza. 18 soldiers have been killed this week fighting inside the strip as the chief of staff for israel says the goal is to cut off gaza city and completely surround it before pushing in. this gives you an idea of what the israelis are doing, why they're approaching gaza city from so many angles. i do want to draw your attention to the southern crossing between gaza and egypt where today for a second day in a row the crossing was open, allowing injured palestinians to be the taken in ambulances to the egyptian hospitals and to allow hundreds of foreign nationals to leave. we understand according to a list that fox news has reviewed 400 american names were on that list, u.s. citizens, passport holders, and many of them were
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able to get out. i was texting with one woman with today, she said she was able to cross into egypt with her young son, and they're on their way to cairo. one other woman was at the crossing earlier. >> the war just got escalated so fast. a lot of people are dying, a lot of people are under the rubbles of buildings. this is my fifth attempt to leave. we evacuated our house about 19 days ago. right now i'm between ice and fire. i don't know if i'm ever going to be able to see the family that i left behind or the friends that i left behind. >> reporter: as we speak about these developments in the south, we though sirens are sounding ae sounding in northern israel. hezbollah has been active, firing into northern israel today. there was just another airstrike behind me here. this front remains active as well. stuart. stuart: thanks very much, indeed, trey. let's bet back to the markets.
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we've got a rally on our hands for the second day in a row. the dow is up 378, that's better than 1%. nasdaq up nearly 32 the 00, almost 1.5%. s&p is up 1.46%. that is a rally. i'll tell you why, the yield on the 10-year treasury has come all the way down to about 4.63%. that helps stocks. there you go, it's 4.66 right now. okay, let's get back to oil. $81 a barrel, that's all it is. slightly higher today but nowhere near the $90 at the start of the fighting. bitcoin, there's a rally will the too. it's at 34,7. it had been well over $35,000. check the 2-year treasury. we did the 0-year, we've got the 2-year just at 5%. lower yields, slightly lower yields on the 2-year really helping the market today. still ahead, george mason university now investigating a video posted on social media showing a person tearing up a
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poster of hostages held by hamas. hillary vaughn has the latest on that investigation. and a time when jews are under attack, kamala harris thinksstst a good time to tackle islamophobia. jason jason rantz fired up about that and he's on the show. ♪ ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly.
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israel is under attack and jewish families are in danger. israel's enemies seek our destruction. the people of israel need immediate help. rockets have us squarely in the crosshairs. our people are targets in their own homes. many have lost everything and fear for their lives. the international fellowship of christians and jews has launched an urgent response to rescue those affected by this violent attack. our teams are on the ground across israel delivering lifesaving aid. your urgently needed gift of only $45 will help rush food, water, medicine and emergency supplies for jewish families that have nowhere to turn. time is literally running out. what we need you to do is to act now.
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♪ stuart: students at columbia university staged a walkout during one of hillary clinton's classes. ashley, why did the they walk out? ashley: well, obviously, to make a point, but i'm not sure what impact it really had. hillary clinton was taking part in a 32-hour lecture -- 2-hour lecture in front of a class of nearly 300 students but not even halfway through about 30 of the students stood up, left as part of a planned student walkout. they then joined several other dozen protesters congregating in the lobby of the building to protest what they claim is the school's role in publicly shaming students whose photographs appeared last week on a truck seen near campus. now, the screen showed on that truck, it showed the faces of students beneath the words
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columbia's leading anti-semites. students are demanding immediate legal support for affected students and a commitment to student safety the, well-being and privacy. but instead of walking past those protesting students, hillary reportedly left the building through a side door, didn't even see them. stu. stuart: got it, ash, thanks very much. george mason university's investigating a video posted on social media showing a person tearing up a poster of hostages held by hamas. hill arely e vaughn is live from george mason university. what do we know about the investigation? >> reporter: stuart, the investigation is ongoing, but the university making it clear that things like that are not okay and not acceptable here on campus at george mason university after a student was caught on camera ripping up a poster of a hostage held by hamas off a bulletin board, tearing it up and calling it, quote, propaganda. and how george mason university is standing -- is speaking out
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and outright rebuking the act, releasing a statement saying property destruction is not constitutionally protected speech and is a code of conduct violation. gmu vice president paul alvin telling me they also announced new safety measures today for students and an online portal to report incidents like this so they can investigate. >> the code of conduct can be a really valuable tool that we can use when something might nottize to the level of being criminal, but is more than simply somebody behaving badly. people have certain constitutional rights to say things, but they don't sometimes exercise that restraint not to do things that hay shouldn't do. is and so it is bad enough when people say hateful, horrible things. when they translate it into action, it can become criminal. >> reporter: jewish students around the country have been standing up and speaking out against the rise of anti'emtism on campuses and demanding that universities do more to the crack down on threats of violence that jewish students are face thing from their own
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peers. the fating from their own -- facing from their own peer. >> i recently decided to the the buy pepper spray because i was receiving threatening messages. they know who i am and what i look like, and they also know where i live. so this frightens me, but i also refuse to be afraid of them. >> reporter: it's not just gmu that has a code of conduct students agree to the abide by. yale, for example, has in their code of conduct that, quote, intimidation of any member of that community is contrary to the basic principles of the university. such action will ordinarily result many temporary or to permanent separation from yale college. but so far we haven't seen many colleges using their code of conduct as a way to punish students that are acting out and making hair jewish peers -- their jewish peers feel unsafe at school. stuart? is. stuart: got it, hillary. thank you very much. take a look at this headline from "the new york times"es. it reads, i'm reading it now, in protests existence israel
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strikes, gop sees woke agenda at colleges. chris rufo joins me now. chris, i think liberalism is entrenched on college campuses, and i think it's been exposed. am i right? >> well, i think it's a few steps further than liberalism. liberalism in the classical sense was this cd that you have a respectful civil discourse. we've now basically imported violent, third world ideologiesen onto american campuses. american left-wing activists and even many professors at prestigious universities have been cheering on the hamas terror attacks against israel. this is all part of a longstanding, 50-year process of the capture of our our educational institutions. we're seeing it for the for the first time in all of its full kind of fully-exposed hideousness. but this is merely just the tip of the iceberg for what's happening. stuart: chris, i blame my generation. i'm a baby boomer. we went through the 1960s, a rot of people got radicalized,
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and some of the radicals just stayed in the college, became teachers, and hired other radicals to teach with them. that's what happened from the 1960s -- i blame my generation. what say you? [laughter] >> well, i wouldn't blame you personally, but perhaps you're right, baby boomers do have some responsibility in this. look, thed radicals of the late 1960s established the foundations of this ideology. they captured the universities as the primary base for their revolutionary politics, and they've been training students in this kind of hatred whether it's hatred against the united states, whether it's hatred against israel. st all unified in their theoretical work, and now we're seeing it on full display. and, look, trustees, university presidents and other administrators need to draw a harder line. they have to say you're entitled to have your opinion, but once that crosses over into intimidation, into violence, into the celebration of the murder of innocent children
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including babies, that's a step too far, that does not comport with the standards the of conduct in our university system. stuart: now, chris, some major donors have cut support for some universities. which donors are have been doing that? and what effect, what impact of this cutting of donations? >> there is a large number of donors at u-penn, there's a smaller number of donors at harvard and some of the other ivies. look, i think this is welcome, but it's something that came much too late. these are people who in some cases have given tens of millions if not hundreds of millions of dollars to these universities. while these ideologies have been commonly known for decades, we need to cut off the funding from these universities from the private sector and also cut off the flow of unlimited loans that are guaranteed by the public. i think we need to see the university system peel some financial pain -- feel some financial pain. that's the only way we're going to get them to change. stuart: agreed.
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chris rufo, thank you very much. bill ackman is now backtracking on a call to expose the identity, the names of anti-israel protesters outside harvard university. ashley, what is he saying now? ashley: well, ackman says in particular he disagrees with the calls to identify a person labeled as anonymous racist thug who spewed anti-israel hatred the outside of harvard. the hedge fund manager says outing that a individual would just increase the anger and someone close to him that he respects needs to confront him and give him perspective. now, ackman, as you pointed out, has previously demanded that harvard are release the nameses of students whose organization circulated a letter blaming israel for the hamas massacres. ackman, though, he's blaming social media for what he says is amplifying the hate. heal cites a poll -- he also sites -- cites a poll that shows 51% of the tiktok generation
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believe hamas' barbaric acts are, quote, justified. remarkable. stuart: thanks, ash. have you ever thought skipping on a tip for your doorcash driver? it could affect how fast you get your food. we'll tell you all about it. a federal ruling in the real estate market could be a game-changer on how people buy and sell homes. it's all about the commission. jerry willis breaks down the numbers for us next. ♪ you act like you don't want to listen when i talk to you. ♪ you think you ought to do the, baby, anything you want to do the ♪ ♪ tourists tourists that turn into scientists. tourists photographing thousands of miles
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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 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years,
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and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. stuart: if you ever thought about skipping a tip for your doordash driver, you may want to think again. ashley, come on in, please. [laughter] doordash is warning customers about this. what exactly are they sayingsome. ashley: well, if you place an order without a tip the, you could receive a hedge that says
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this: orders with no tip might take longer to get delivered. are you sure you want to continue? good question. well, the note egos on. dashers can pick and choose which orders they want to do, orders that take longer to be accepted by dashers tend to result in a slower delivery. in other words, tip your drivers or prepare to wait a long time for a meal that will very likely be cold. our customers are then given the option to add a tip or continue without one. this whole tip the message thing is just a test, and they are analyzing the results and the feedback. you know what? what's the incentive for a doordash driver if you're not going to make a tip on it? stuart: yeah, what's the incentive, yeah. fair enough. thanks, ash. a federal jury ruled that some real estate agents and brokers conspired to boost commissions artificially. they must now pay over a billion dollars. gerri willis with me. what were the agents doing? >> reporter: this isn't just
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individual agents, this is the industry, right? some $2 billion they may have to pay, in fact. so what hay do, that 5-6% commission rate, they've had that despite if rising home a prices. sellers are tell you if they don't pay the commission, that their listing falls mysteriously to the bottom of the pile there's even new research showing that. well, in the case that could change the way americans buy and sell their homes, a federal jury in kansas city, missouri, found the national association of realtors and two with the large residential real estate companies engaged in a conspiracy to the inflate commissions awarding $1.8 billion in damages. listen. >> this is a day of accountability. and this money's going to be returned to the homeowners. and it's just, it's the a straightforward refund case. every homeowner that overpaid for a buyer's commission, they get the money back. and our hope is that the national association of realtors will quit engaging in this illegal behavior. >> reporter: the lawsuit
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challenged the way commissions are paid, the 5-6% paid by the seller the their agent in turn shares a portion with the buyer's agent. it makes negotiation of the sales charge impossible, all of this coming at a time that new technology is making it easier for buyers to find homes without an agent. we reached out to the national association of realtors, and they say the issue is not even close to the being final. they will appeal the verdict. but some real estate pros said the alternative to commissioned sales agents would be bad for consumers. >> about 90%, i would say, of those for sale by owners end up with an agent because they realize that it really is a full-time job. and if you immediate to seek a professional, it's like going to court and not having an attorney the, right? you want a professional to represent you, and it's biggest investment, the biggest asset that many people have in their lifetime. >> reporter: commissions have been on a rise, as you can see. third quarter commissions on a medium-priced home, $21,000
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plus. ten years ago it was about half that, so a big change in those the commission levels. i just wanted to tell you these findings are going to be important because it's the really going to influence how people buy and sell homes. stuart? is. stuart: it's a landmark decision. there are now concerns that high insurance kansass could be hurting the florida -- costs could be hurting the florida real estate market. ashley, tell me more, please. ashley: yeah. because of an increases in extreme weather, insurance rates have been rising so high that some florida residents have been forced to either move out of coastal areas or leave the state entirely. some homeowners have seen their rates increase by 100% or more and in some cases, incredibly, their insurance costs per month have surpassed their mortgage payments, can you believe? that has led to some property owners dropping their insurance entirely, not a great idea. but for residents who don't own their home outright, it's not an option because mortgage lenders require insurance, of course.
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florida has seen several insurance companies go bankrupt or simply leave the state in recent years, forcing residents to turn to state-backed options. this is continuing to be a problem and again, stu, we've seen a huge influx. but this issue is starting to force people out. stuart: that's something else. ash, thanks a lot. elon musk says george soros fundamentally hates humanity, his words with. watch this. >> in my opinion, he fundamentally hates humanity. he's doing things that erode the fabric of civilization. stuart: okay. what is soros doing that erodes the fabric of civilization? we will get into it next. ♪ ♪
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the last eight years have been the hottest in history. canadian north resources plans on doing its part to combat the climate crisis by developing a vast resource of critical minerals for clean energy initiatives worldwide. canadian north resources.
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the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network.
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the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. stuart: the yield on the 10-year all the way down to 4.67%. that is a major move again today. now look at apple, they report their earnings around 4, i 4:30 eastern time this afternoon. walking up to those reports, apple's stock is up 1.5%. nice gain. crime in washington, d.c. so bad the city's handing out free digital tracking tags. ashley, what are they going to use these tags for, or tracking
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your stolen car? ashley: yep. i mean, talk about a sign of the times, the free digital tags could help law enforcement officers in d.c. locate those solen vehicles and maybe find those who were responsible for the theft. motor vehicle thefts in the city are up 101% this year with 5,934 stolen this year so far. that's more than double the number reported last year. now, the tags will be available to those people who live in areas police have reported the highest rates of motor vehicle theft. that makes sense. and, by the way, d.c. rolled out a wheel lock distribution program earlier this year to help prevent car thefts and, apparently, that isn't working. [laughter] stuart: okay, got it. thanks, ash. elon musk, well, he doesn't think much of george soros. watch this. >> in my opinion, he fully hates humanity. he's doing things that erode the fabric of civilization, you know? getting d.a.s elected who refuse to prosecute crime.
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that's part of the rob in san francisco. and l.a. and a bunch of other cities. stuart: jason rantz joins us this morning. what do you think? do you agree with musk? >> yeah. i mean, if he's wrong, i suppose it's on george soros to step up and explain why he's doing to humanity precisely what it is he's doing. he clearly is seeking to dismantle systems of oppression. this is the language they use all the time, and the intent so to rebuild these different institutions, particularly within the criminal justice system as well as education, but they want to rebuild it through the lens of a social justice cause, through a sort of woke agenda where the identity politics is first and is foremost. and, thus, they see these folks who end up getting arrested or charged or put in jail as victims. they don't see the criminals as criminals, they see criminals as victims. and by taking that position and creating a system that benefits those folks or at least placates those pokes, all you're doing is creating misery for absolutely
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everyone else. stuart: here's something i don't understand, and i hope you can explain it to me, jason. the white house has unveiled a new strategy to tackle islamophobia, but right now it is jewish people that are under attack. why would they do this right now? >> i think it's a little bit of politics now. they clearly see some of the backlash from progressive voters, the movement of democrats within the progressive movement. you have a large group of folks who are simply anti-semitic. their anti-israel and anti-semitic. and you're starting to hear a lot of those communities saying we're not going to vote for joe biden louder and is louder. so what this white house needs to do is throw a little bit of a bone to folks in that movement and pretend that we have an islamophobia problem right now. we have anti-semitic incidents surging almost to historic highs. we herald christopher wray this week basically make that point. and for them to come out amidst all of these threats against jews who in this country don't feel comfortable going to a
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college campus to come out and say, well, we're going to focus on islamophobia,s it is so i clueless, classless, and i hope people remember this, particularly american jews who, unfortunately, tend to vote with democrats a lot. stuart: jason, i get the impression that the administration is beginning to to back away from from full-throated support for the crushing of hamas. i think they're backing away. what do you think? >> yeah, i think you're 1000% correct. if we get all of the hostages out who are american, that's when you're really going to see the biden administration turn on netanyahu and the plan to eradicate hamas. but good news for israel is they don't really care about the pr coming from left-wing outlets that might take biden's talking points and then the just amply pie them. they're doing that now. they understand the threat they have to deal with, and the only way to deal with hamas is to eradicate them. stuart: that's my opinion entirely. you've got to beat 'em, knock 'em out. they've got to go. jason rantz, i think we're in agreement on this. that's good.
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i'll see you again soon. good luck, jason. >> thanks, stuart. stuart: which brings us to the thursday trivia question. look at this. which country is known as the land of a thousand lakes? hmm. finland, canada, russia, brazil? i'm sorry, i don't think of lakes much in brazil. i think of the amazon but not lake as. the answer a when we come back. ♪ ♪ ..
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stuart: the beatles just released a new ai powered song using john lennon's voice. we have a short clip. ♪ ♪ i miss you ♪ now ♪ and her than ♪ stuart: we are only allowed to play 15 seconds, that's what you've got. do you like it? ashley: i do. at the classic, great to hear john lennon's vocals. they poured apart over a 45 year period taking three elements, using ai to isolate
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john lennon's voice. i like it. stuart: kind of smooth. which country is known as the land of the thousand lakes, finland, canada, russia, brazil? you are always first. ashley: you are about it not being brazil, i will go with finland. stuart: i think it is finland. there are more than 180,000 lakes in finland, more than 10% of the total area is covered by water so now you know. friday, don't forget to send in your friday feedback, you can email questions and critiques, varneyviewers@fox.com. quick check of the market. this is a rally, dollars up

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