tv Varney Company FOX Business November 20, 2023 10:00am-11:00am EST
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ashley: thank you producers hooking me up with david bowie with the classic fame as you look at the empire state building. a nice clear morning on this monday, thanksgiving week, good morning, everyone it is 10:00 o'clock eastern i'm ashley webster in first two. let's get straight to your money, we have green across the screen, three straight weeks of gains in modest advances this morning. the dow, s&p and nasdaq up anywhere from a tenth, two tenths to a half 8% of the nasdaq, let's take a look at the ten year treasury yield, that is higher but a couple basis points still daughter 4.4, 6%, the price of oil has been moving slightly higher this morning. it is up a dollar 44 cents,
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77.33 a barrel. bitcoin up 900 bucks, not 37384. now this delmar slamming the city of san francisco after it cleaned up the streets of xi jinping's meeting with president biden. listen to this. >> i want to try a theory y trumpets killing it not just within the party but beating biden. president xi came to our state this week and met with biden in san francisco and they had a little summit and they did something very interested in san francisco. they cleaned it up, the homeless and they see somebody on fentanyl. this is why they are winning the democrats could control it how about making it permanent. ashley: integrate question when the everybody asks, miranda devine joins us this morning.
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is this assigned to bill mars place that donald trump is doing pretty well. >> donald trump is the one who always talks about infrastructure and things falling apart and how he's the boulder he will fix it, you never hear joe biden talk about cleaning up the street he's a always filling heads with nonsense how him americans are on the up and beachy clean. gavin newsom was asked about how they managed to clean up the streets so quickly and president xi it wasn't a bad book, he admitted that we cleaned it up for the chinese dictator, yes we did, that is true and when joe biden went to san francisco for the aipac meeting yet the big audience of donors and the richest people in the state and he joked about the streets being
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sparkling clean and the audience laughed with him. to them people who live in a bubble, it is a joke that there are fentanyl attic letter like zombies on the street in unpleasant for the average person to walk around. new york is getting like that as well. a lot of democrat cities are collapsing. ashley: they are indeed. the next one nbc political correspondent steve cormack he sounded the alarm after a new nbc poll showed donald trump is beating president biden for the first time in history, miranda use if democrats stick with biden they don't believe the polls which leads to another question do you think democrats are planning something else behind the scenes? >> there are certainly signs that they are. the other day president biden let slip something about gavin newsom he was praising him but
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he said he could do my job the job and going for now, not the job i'm in but the job i'm aiming towards. so that reflects sometimes he will blurt out something that he heard it meeting maybe they had conversations about. certainly ron desantis thanks gavin newsom could be an opponent because he chose to debate him next week and there's also science from gavin newsom himself. we saw him a year or so ago the white house while joe biden was overseas measuring out the drapes and then he just visited president xi himself were a statesman or the president already he is very cocky. i'm sure he signaling to everybody that i'm ready to step into the breach affect some point joe biden can continue on or his approval is so terrible.
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at the moment he has terrible approval ratings that even rock-bottom for a couple of years but with afghanistan withdrawal that he botched. ashley: it'll be interesting to see how gavin newsom will run on his record as so many people have escaped the state of california were to your point what was going on in san francisco in a be interesting to see. were out of time, miranda devine, great stuff, thank you for joining us. now this democrat senator joe manchin is going after president biden, come back in here. >> manchin says biden has been pulled not only to the left but the extreme left. watch. >> joe biden has been pulled so far to the left the extreme left as far as liberal it makes no sense at all not the person that
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we thought would bring the country together washington wants you and i to be divided and the rest of america to be divided because of the better business model so i came to the conclusion i've been here 13 years on equity change within. i decided to go around and see if i can mobilize the radical middle. ashley: not sound like a presidential bid in the making. democrats are anxious about the independent third-party run because they think that will take votes away from joe biden if in fact it happens. ashley: interesting stuff, thank you very much let's get back to the markets if we can, jeff sica joins me now, the market slightly higher, we had three straight weeks of gains. inflation coming down, are people feeling it, what is the consumer psyche like right now. >> if you look at the cpi last week is seemed like inflation and come down a lot but any
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other economic report you have to look beyond the surface numbers and look at what actually happened which we saw shelter prices came down, that's about 42% of the cpi and use all oil prices come down which has ramifications in the cpi. if you look this week we have a very alarming statistic on inflation and that was subprime and auto loans we are at a 30 year high in delinquency on auto loans. you have that combined with the exorbitantly high interest rates on credit cards and over a trillion dollars in credit card debt. the consumer is's bill feeling it and still suffering. he seems to most consumers that they have been waterboarding for the last two years and they're
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finally coming up for air in my anticipation is working to get another round of this it is too soon to celebrate, let's stay tuned and see what the next report says. ashley: not a lot of holiday cheer. i want to move on nvidia reporting tomorrow, what are you looking for. >> it's hard to underestimate what nvidia's influence on the market, you have the seven largest stocks that we refer to as a magnificent seven they are up 72% year to date, you strip them out of the s&p 500 and the other 493 stocks are up 6%. nvidia which is the quintessential artificial intelligence focused company is going to come out.
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my anticipation it's going to be really good number. but what's going to be the focus is what the future looks like, what they say in their conference call. they have been able -- nvidia is a stock i own, they have been able to maintain market share with very little competition. but some competition and is good be interesting to see how nvidia response to that competition and whether they feel like this is sustainable going forward because without the magnificent seven and the hype over a.i. i think this market is dole and boring. we don't want to finish on that but jeff sica always great to see you, have a great thanksgiving. thank you jeff, looking at some of the movers, stuart varney
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said take a look at microsoft. >> they hit a record high, $377.10, there near it right now obviously this is after the open a.i. ceo and president were joining microsoft to leave their a.i. team, take a look at check, an educational company a tutor if you will, morgan stanley cut the price target by a dollar to $9, the they see the a.i. competition using a.i. as your tutor instead of a human or an online program. the last one penn entertainment got an upgrade to bank of america by, be of a thank shares are going up 22% to $30 on the early success of the espn bet sports betting platform it is already number one in apple's app store. ashley: very good, now this wrapper cardi b laying into eric adams for cutting millions of dollars from the city's budget
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to help pay for migrants, take a listen. >> new york is dirty, it is dirty. were getting get dirtier with the [bleep] budget cuts. this is sanitation budget cuts, we're going to be drowning in rats. ashley: dirty and going to be dragging in rats. joe concha will deal with that later in our show. president biden responded to calls for a cease-fire in the new op-ed in the washington post. he says it would help hamas kill innocent people. kt mcfarland will be here on that. israel says it's taking out three hamas commanders and overnight airstrikes as it continues to strengthen its grip on gaza city. trey yingst is live on the ground and southern israel with the latest next. ♪ giving traders even more ways to sharpen their skills with tailored education.
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ashley: taking a quick look at the market and the positive, the nasdaq up half 8%, the dow and s&p upper quarter represent. now this. heavy fighting has erected around another hospital in northern gaza as israeli forces continue to ramp up the ground invasion. trey yingst is in israel, good morning to you, give us a very latest developments. >> good morning i want to start with some good news we learned over the weekend that 31 premature babies that were being treated and causes al-shifa hospital were evacuated to the southern part of the strip today we can report the majority made it into egypt with the help of the united nations and the palestinian red crescent while
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there we received further medical treatment this is the forces continue to operate inside of gaza city yesterday releasing information about the al-shifa hospital. we know to foreign hostages were taken into the hospital on the morning of october 7 according to cc pd video that was released by the idf, the men are tied in nepalese workers and the gunmen, were not showing the video out of respect for the families, the revelation raises new questions about international organizations operate within the hospital knew about the hostages. overnight the israeli military along with the security agency released new video of the tunnel system that they say is beneath the medical facility. the initial tunnel shaft behind under beneath as to between 30 feet deep and a staircase that connects the 164 channel the ends with the blast door, the israelis expect to find more as they keep digging in this area as idf pushes deeper, below
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gaza city there are new regional concerns about iran in the climate of the escalation ladder across the region. on saturday that hijacked a cargo ship on the red sea called the galaxy leader had no israeli citizens on boarding traveling from turkey to india when it was intercepted a lot of developments over the weekend, that is not even what's been taken place in northern israel where the lebanese militant group has below continues to fire rockets into the north of the jewish state and israelis responded once again today. ashley: trey yingst in israel, thank you very much. president biden responding to calls for a cease-fire and a new op-ed in the washington post, he says the cease-fire is not peace to hamas members every cease-fire time for them to exploit to rebuild their stockpile of rockets, reposition fighters and restart the killing by attacking innocence again. that is interesting, kt mcfarland joins me now, how do you think president biden is handling calls for cease-fire. what is your grade.
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>> i think is really interesting, if he needs it, he is right, hamas has used every cease-fire for 40 years to regroup, get more stuff from iran, get more terrorists trained and their training camps and go back and attack israel. i'm surprised president biden admitted it. if he is true about this and stay true to his word than a cease-fire of peace we want peace and thereby extrapolation means peace is the eradication of hamas if hamas' leaders then it looks like president biden surprisingly is going to stick with israel and probably go against the base of his party which is anti-israel pro-palestinian pro-hamas and is willing to define them. the good news about all of this advise time, israel needs time they've done pretty well in the northern part of gaza but now
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they've got to deal with the southern part, that's where the hostages are, israel civilians have fled to and that's probably where the hamas leadership is, israel needs time to do the job and i was very happy to see that admission by president biden. ashley: talking about the hostages, u.s. and israeli officials say the deal to release dozens of hostages in gaza could be coming in the coming months. a deal with the terrorist is that the only way to get the hostages out? >> this whole thing of the hostages about to be treated with israeli hostages it does not ring true to me, who does hamas have has babies and grannies, those are the hostages and if they get into an equivalent hostage swap is not babies and grannies, who is his regular release exchange if there is one is israel going to release hamas terrorist in the jails, i don't think so israel said work in eradicating kill everybody in hamas, the whole
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thing is a little fishy. if the hostages are being held in tunnels and if the hostages are give it up by hamas, what is to prevent israel from going in and stealing both of the tunnels and killing everybody else inside of the hostages are gone. ashley: that's a very good point it's amazing to me we have seen the idf video showing two hostages in the hospital, a tunnel running underneath the hospital. it's very clear even though pro-palestinians will say is propaganda but it does appear that hamas uses hospitals as a shield and it is amazing to me that the other side of the argument will say that is not true, how can you defend that line of thinking when you see what's been used by hamas to try to protect themselves. >> it is hard to wrap your head around people were human being
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that would say i'm going to use my own innocent civilians, women and children and hide behind them to make sure i attack and hide behind them so they killed first but i think it's worth i think the palestinians want to have civilian casualties not just israeli casualties they want their own casualties about women and children because they know that they cannot be israel on the battlefield or on the economic playing field, the only way hamas and the terrorist when is to beat them on the pr field and that's what they need, they need to say children are killed in the israelis have done it. a weird crazy creepy way they welcome the hostages that their own people have and they welcome the death of their own innocent, it's creepy especially on holiday season. ashley: are they winning the pr work? >> look at the un is against israel and their backing away, oddly enough an interest in the
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president biden seems to be sticking with israel but the progressive left in the base of his party is anti-israel room, are they winning the war with a lot of democrats and people demonstrating the street across the united states they seem to one the pr war with them. ashley: we will leave it there, great fascinating stuff, thank you for joining us and happy thanksgiving to you. time to move on. come back in here. how do democrats feel about biden's handling of the war on israel, are they happy with it. >> a completely divided 51% of democrats approve of the way that he is handling the war, that according to an nbc news poll 41% disapprove. many in the party are calling for a cease-fire but a cease-fire is seen by the president in the white house and many voters as helping hamas, just 34% of all of the voters regardless of party do approve of how president biden has handled the war.
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ashley: interesting. another interesting story i'm not sure if i'm pronouncing the name correctly javier millet won the presidency in argentina is he the world's first libertarian head of state. >> is being compared to donald trump he is a political outsider, he is an economist and radical ideas like taking a chainsaw to state spending, getting rid of the central bank, prior word enter privatizing pension, his big idea, we talk about inflation in the u.s. but inflation in argentina is 140 plus% he wants to replace the pay so that they used in argentina with the u.s. dollar. a dollar-denominated economy and guess what he won with 56% of the vote. ashley: that's going to be very interesting to follow. thank you very much. now this elon musk vowing to file a nuclear lawsuit against
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media matters of several major companies like apple and disney pulled their ads from x. the left-wing advocacy group claiming ads were showing up alongside anti-semitic content, lydia hu will have the report coming up. yesterday president biden 81st birthday, not all democrats seem to be celebrating. the former obama campaign advisor believes biden only has a 50/50 chance to win reelection as he slips in the polls, joe concha on that next. ♪ (adventurous music) ♪
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ashley: since the opening bell we've been mostly positive the dow, nasdaq and s&p all up by modest amounts holiday shortened week, the trade numbers may be down a little bit and what trading has been on the upside, come in here you been looking at some of the other movers let's begin with but we. deutsche bank says by it, looking out for percent, they think aircraft deliveries are
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accelerating in this incredible case to be made that this improved performance can be sustained, i said in the last hour but we know is popular again. take a look at bristol-myers, it is down, the fda is delaying their decision on whether the blood cancer therapies the stock is up to a quarter and kb home, wedbush moving to the sideline they downgraded to neutral sticking with a $55 price target they don't see a catalyst to increase share price for kb home the housing market is stagnant. we'll get existing home sales this week. of course they make new homes. ashley: interest rates just too high. elon musk is threatening to sue the left-wing advocacy group matters claiming that some are shown alongside anti-semitic content. several major brands have pulled the ads from the platform, lydia hu joins us this morning. take us through what happen
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here. >> elon musk has said his thermo nuclear lawsuit will be filed some point today after media matters for america published a report last week accusing x of promoting advertisement alongside content that promoted a adolf hitler and the nazi party, that report followed a post by musk which he agreed with another post on x the said jewish communities have been pushing dialectical hatred against whites, elon musk responded to the post, you have said the actual truth. that drew a rebuke from the white house, he tried to clarify his comment and statements from the river to the sea implied genocide and will result in suspension from at x. the antidefamation ceo called this remark by elon musk leadership in fighting hate but numerous companies are
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reportedly' suspended advertisig including ibm, disney and apple most of the companies did not immediately respond to fox business for comment but paramount in the european commission confirmed they are in fact suspending their ads, the pause by major advertisers adds to the already ongoing exodus dollars from x. u.s. advertising revenue is down about 60%, back then he played the anti-defamation league saying the false accusations that elon musk anti-semitic are an effort to kill this platform. elon musk hit back over the weekend accusing the group of misrepresenting the real user experience on x and calling on users to stand with x to protect free speech. media matters tell fox business that elon musk is a bully who threatens maryland lawsuits. we keep an eye out for the lawsuit and we will bring it to
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you as soon as we get it if it is filed today. ashley: i think there's a lot more to come on this. great stuff. thank you very much. as we've been talking about, president biden's 81st birthday and look at the headlines along with it, and pr as biden celebrates his birthday, candles on the cake adding to the problem, the new york post b-day blues and politico saying not so happy birthday for biden. the message joe concha is here with us, good morning to you think democrats are going to stand by joe biden through 2024. >> early not standing by him privately when you speak to many prominent democrats they do not want joe biden because they see the numbers and obviously publicly referred what david axelrod who ran barack obama's two successful campaigns and joe biden was on the ticket and as far as begging him to drop out
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because the pit began last month the washington post abc poll had him up by ten points we told that was an outlier it turns out it's not, new york times, siena poll leading in five swing states in double digits in nevada that the state he did not win in 2016. nbc, fox, pull after poll shows joe biden fading and momentum behind donald trump, those numbers across swing states a potential landslide for the 45th president, joe biden is hemorrhaging support among black voters, latino voters, independent voters, female voters, the far left has turned off as well as far as his support for israel. here's the thing for everyone after this is the year out, block can change. the question, will joe biden get better or worse with age and as we see on the daily basis, he's only going to get worse with president he's not a fine wine you will get better with age as we see from public appearance after public appearance he doesn't seem to know exactly where he is at times is a most disturbing and unsettling to watch.
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ashley: it is tough to watch to be honest with you. the next one rapper in new york native cardi b when after eric adams after he got millions of dollars of the budget offset for the cost of migrants. watch this. >> counted 100 million-dollar budget cut new york city for [bleep] schools, libraries, police safety and sanitation yet joe biden it is talking about we can find two wars, when to do 20 million budget cut on schools, libraries, police department and sanitation [bleep] new york is [bleep] super dirty. ashley: super dirty she says were going to be drowning and rats. it seems like everyone is mad about it. >> absolutely, that is common sense, it's not conservative or liberal it is a person lives in new york and sees was going on and sees the fact that this mayor is going to be cutting services to police and
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sanitation so we can take care of people who came to this country illegally. cardi b, hats off to her, until new yorkers wake up and elect another rudy giuliani and what he did to clean up the city of the '90s and michael bloomberg didn't excellent job not one but three terms, until you elect somebody like that you get to keep getting this governing from the mayor who's in serious trouble as far as an investigation into his own affairs is concerned. ashley: you would think it's the tipping point for the voters. we will have to wait and see it amazes me that they vote to get de blasio out and then they put in eric adams we had hopes for adams but it's gone downhill. joe concha, great stuff as always. thank you. >> happy thanksgiving early. ashley: sa same to you. "saturday night live" poking fun at present biden's meeting with president xi jinping. come in here, take us exactly
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what happened. >> they played a clip of president biden at a press conference after the meeting with president sheehy dodged questions, he got confused, watch here. >> a great meeting with president roman will love and. excuse me president xi made agreements about communication, fentanyl, change but most importantly the thing america needs right now. >> would you like to undo your compliment by calling him a dictator again. >> i would move away from the topic by welcoming a chinese dignitary to help shed light on what happened this week please welcome. alright. [cheering] >> there is the panda was bisexual and identifies as black, white and chinese. that is how they continue to
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poke fun. ashley: roman will 11 i'm always good to think about. good stuff. now this. there could be major travel troubles, the tsa says this will be the biggest thanksgiving travel rush and history. we will have the details, transportation secretary pete buttigieg just held a news conference, he spoke about the way that they're trying to improve air travel, good luck, this is the new aviation calls for urgent action to address safety concerns, grady trimble will have the report next. ♪
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no matter where you are in your search—whether you're just starting out, or already have a good idea of what you want— give us a call. our hellomedicare licensed insurance agents are here to make things easy and help guide you to a plan that fits your needs. because we get it- finding the right medicare plan can be challenging. plans can differ by price... or benefits... they can even differ by where you live. that's why we're here—to put it all together... and be your go-to place for all the latest information... laid out right in front of you, in a way that's easy to understand. it all starts with a few simple questions so we can get to know you better. questions like, “do you want to keep your doctor?” and “which benefits are important to you?” then, based on your answers, we'll match you with plans from well-known names in medicare, giving you a complete picture of your best options. next, we'll help you compare benefits.
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compare costs. it's easy. and when you feel good about your selection... we'll sign you up. done. and. done. remember, the annual enrollment period is here... and it ends on december 7th. so whether you're looking to save money, or find better coverage... let's do this. let's go find your medicare plan. call us today and speak with one of our helpful, hellomedicare licensed insurance agents. hellomedicare. say hello to an easier way to do medicare.
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ashley: administration officials claim their taking proactive steps to increase air travel safety and efficiency all ahead of the t travel season. grady trimble is on the transportation department this morning. what are exactly the proactive steps. >> we move from the transportation department we are at reagan national airport, were seen what the dot says it's doing first-hand, tiring or speeding up the hiring of air traffic controllers, it is improving airport infrastructure and approving more money for de-icing equipment, not sure how much that will help travelers this week is going into full swing with 2.3 million in 2.6 million passengers turning into tsa checkpoints across the country respectively the saturday and sunday, it's only going to get busier tomorrow and wednesday, the holiday comes
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days after the faa is outdated in air traffic controllers are stretched thin people to just as republicans who propose government spending included at the faa would disrupt air travel if they get their way. >> i think more money is going to solve the problem. >> cutting funding in a way that would force the faa to shut down air traffic controllers, air traffic control towers is a bad idea. i'm amazed that some of the same people who would be quick on capitol hill to politicize air traffic control issues will go to the floor and vote for measures that would mean shorting the technology that is making it possible for traffic control to do their job effectively. every piece of funding that goes into the budget request is
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considered and rightfully subject to being question. >> secretary picc pete buttigied flight cancellation is the lowest in five years and he said the aviation system is better equipped to handle the record thanksgiving travel now compared to a year ago when all the flight delays and cancellations were going on. fingers crossed that that is true. ashley: thank you very much from reagan national airport, thought the department of transportation was grand behind you. thank you very much. now this pennsylvania looking to follow california's footsteps and band food additives that cause cancer. doctor marc siegel will tell us everyday foods that contain the harmful chemicals. i have the doctor in next. ♪
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hello is friendly... hello is welcoming... it's everything we want to be when helping people find a medicare plan during the annual enrollment period. so, say hello to hellomedicare... a one-stop shop for medicare plans... including a range of “all-in-one” medicare advantage plans. learn, compare, even enroll—all in one place. give us a call now. we'll guide you to a plan that fits your needs. at hellomedicare, it all starts with a few simple questions so we can get to know what's important to you. then, we'll match you with plans that fit your needs, from well-known names in medicare. compare benefits. compare costs. it's easy. and when you feel good about a plan... we'll sign you up. done. and. done. the annual enrollment period is here. so, let's do this.
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year treasury down around 4.47 it's at 4.46 up nearly three basis points but nothing to take any steam out of the equities. the fda has decided it band red dye number three which is a known carcinogen in cosmetics, it did that 30 years ago, how comes it is still in the food that we eat today, that seems off, jeff flock in pennsylvania, what food has the harmful chemical. >> as always you ask a good question. mainly it is children's candy that has read three and it. a lot of manufactures have gotten rid of it because of health concerns but the fda says it is okay to eat it, not put it on your face but to eat it as for the red ones they have read three peeps that are the red colored peeps, double bubble
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chewing gum and icing that goes on cakes can still have red dye number three in it. it is important to note a lot of manufactures have got away from this, skills does not have red dye number three, to his lawyers that's another big red candy no red dye number three, m&ms a little bit as well in the european union they banded as well summer sold in europe without read three so they have an alternative. legislature in pennsylvania california led the way on this democrats in california, a republican legislature and pennsylvania says we need to ban as well at the fda is not what is exaction she said this is not a partisan issue, listen. >> back in 1990 the fda banded from skincare products because it was linked to cancer in lab animals, now here we are 33 years later and we are still ingesting it and not allowed to go on her skin but were
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ingesting this known carcinogen. ashley: the national confectioners association got back to us they said it's a massive overstepping expertise by the pennsylvania legislature. they say estate banning food ingredient additives undermines consumer trust and creates confusion around food safety. we talked to peter lori who is the president of the center for science of public interest and a former fda administrator himself he says the fda is not doing its job here. >> if the fda has been on top of this issue in unnecessary states like california and pennsylvania to do the job that the agency hasn't done. >> natalie mahalik the legislature pennsylvania says she is more republican support in this from democrats and to reiterate she says it's up nonpartisan issue, call me old-fashioned but i kinda like
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it when i find republicans and democrats finally agreed on something. ashley: it is so rare that we have to enjoy it i guess. jeff flock, getting down and dirty with the candy. thank you. doctor marc siegel joins beena. just just did a great report, my question how come the fda says is approved when the eu and some manufacturers have decided to ditch red dye number three. >> i'm getting give you a rundown but hats off to jeff flock for teaching me that to his lawyers don't have red dye number three i grew up eating them they were so terrific. so happy about that. red dye number three has been around since 1907. in 1990 as you said the fda banded from cosmetics in the reason they did, the two studies in rats that looked at very high
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doses of red dye number three and found the association with thyroid cancer. interestingly they did not find in mice they never studied in the human. my issue is consistency. forget o'bannon from cosmetics and lipstick and other cosmetics why would you banning from food, the fda in 1970 said they were going to ban it from food and they never actually did. i would like to see human studies and more animal studies and i would like to see consistency from the fda because let's remember the name it is the food and drug administration we are used to calling it out on prescription drugs only in charge of food safety, gotta be consistent wanted in the mouth of babes if you can have it in lipstick. ashley: exactly i want to get onto this one it's fascinating. ozempic users are paying $10000 on plastic surgery to help get rid of the ozempic phase.
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it seems like you take a pill to take one problem and then end up with another one. >> that should not be that's exactly what you don't want. if i'm getting is a pill rather than bariatric surgery i don't want to end up with a $10000 surgery or any surgery, here's why this is happening. it's good news, because the drug works. if it causes the rapid weight loss, the fat goes out of your face in your cheeks but the skin stays and it sags it's up to physicians to monitor the very closely and not overuse the drug or not overuse the dosing or not over prescribe it you don't need it, after careful with the doctor you can avoid it. ashley: very good, will have to leave it there nobody wanted ozempic phase. we will have more "varney" after this.
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