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tv   Varney Company  FOX Business  November 22, 2023 11:00am-12:00pm EST

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fibrillation, one of the leading causes of stroke. and it's the only personal ekg that's fda-cleared to detect normal heart rhythm, bradycardia and tachycardia. how much do you think that costs? probably $500. $99. oh, really? you could carry that in your wallet. of course you could carry it in your wallet, right? yes, yes. kardiamobile card is just $79 during our thanksgiving sale. don't wait! get kardiamobile card for yourself or a loved one today at kardia.com or amazon. tin is in our home, our office, our cars, and even our phones. eloro resources game changing discovery at the world class silver-tin property could be one of the largest operations in the world. eloro resources. >> when she says we'll get what we deserve, i'd love to get gasoline prices back with when donald trump was president, would love to see grocery prices
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18% lower than they are under joe biden. if that's e what we deserve, i'd love to see is us having it again. >> the threat is going to be twice as difficult now when hostilities resume. but i think in the end, we're also going to see increasingly hamas prepared to deal with the defensive when this is over. >> democrats have absolutely nothing to run on. the only pg thing they can run on is scare tactics on every single issue. people prefer donald trump and the republicans. >> teachers unions exist to serve the needs of adults, not the needs of students, and there's absolutely no excuse for doing this to our kids. ♪ i started singing bye-bye, miss american pie. ♪ drove my chevy to the levee, but the levee was dry. ♪ them good old boys were drinking -- stuart: ah, american pie, don mclean. ready for tomorrow to be gobbled down. hello, everyone.
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the day before thanksgiving, 11 a.m. on the east coast on this wednesday, november 22nd. i'm ashley webster in today for stu. let's take a look at a these markets. we've been higher since the opening bell, pretty modestly so, but we finished down across the board yesterday. the dow up 922 points, the nasdaq -- 92 points, the nasdaq and the s&p up about a third to .4%. the 10-year treasury yield has been moving lore, and that helps the big tech names. amazon, meta, microsoft, alphabet and apple all moving higher, amazon up nearly 2%. and talking of the 10-year treasury yield, there it is. it's up if.5 bay access -- 3.5 basis points, right now 4.43%. okay, let's move on. now this. a new poll shows more voters support funding for the southern border than those conflicts abroad, right there you can see it. 74%. mollie hemingway joins us this
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morning. mollie, if you break down those numbers, as i say, 74% of independents want more funding for the u.s. border. how big ab a issue do you think the -- an issue do you think the border will be for republicans? >> well, it's a reminder how big of an issue it was in 2016 after many years of neglecting the border from 2016 to 2020. a lot of effort was put into securing the border. but president biden ran on opening the border. some of his most important first day actions in office a were to open up that border. and he's been pretty steadfast about keeping it open since then with the millions of crossings of illegal immigrants. so for democrat, it's an important issue to keep it open or so they thought, but as you see with these numbers, because of the problems caused by the open borders, because of what's happening in cities, a lot of people even in blue cities are strongly rejecting the biden administration and democrats' position of open borders but in where near enough is being done by republicans to capitalize on this.
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ashley: yeah. because you have all these blue cities, you have the san franciscos, chicago, new york city, democrat-led, they're being overwhelmed by migrants. they're crying foul. they're blaming the federal government, not the fact, oh, by the way, that they're actually sanctuary cities. they're actually getting what they called for. but i would imagine that the average voter that leans democrat would seriously think about it on that issue alone. would you agree? >> they would but, you know, it's also interesting how much republicans care about this. and as this polling shows, they care much, much more about funding to secure the southern border than they care about these foreign conflicts. and you're not seeing that reflected in the priorities of republicans in the senate in particular. but even in the house who keep on having money sent to foreign conflicts that don't have really clear strategies for victory, that don't have any benchmarks for success. and that is creating a much greater distrust with the american voter even in the republican party as they're
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wondering why are our viewpoints, why are our policy preferences not reflected in the people that we elect. ashley: very good point. all right, let's move on to another topic, molli e e. st. petersburg, florida, has con converted all of their public single-use restrooms into all gender restrooms. was this necessary? >> well, i mean, i think single-use restrooms have always had some as peck of that -- aspect of that,s but it does show, first of all, there are two sexes, male and female, and so this is saying either sex can use restrooms. this particular issue might not be such a problem, but embrace of radical trans ideology is becoming quite a problem in our society whether it's having women being forced to play against men on women's sports teams or women's bathrooms becoming places where men if are allowed in. these are things that make women in particular feel very insecure and affect our right to privacy.
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so this particular thing might not be a big deal, but the bigger issue is that people need to stand up against some of this radical extremism. ashley: right. and we're seeing some republican areas across country are putting in new rules for children in schools that they have to be identified by the sex that they were registered at birth9 by, but if they want to be known by pronouns, then they have to get the permission of their parents which is causing a big uproar because critics of that say, basically, it could be outing your children, these children to their parents. on the other side of the argument, parents have a right the know what's going on with their children. what say you? >> well, certainly, the idea is that teachers who, that teachers are allowed to affect children this way or to encourage them into some radical thinking and confusing thinking about sex, but parents don't have a right to know, it reflects in general
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how we have teachers unions who think that they have more right to america's children than the parents themselves. and just again, regardless of whether it's parents or teachers, this radical trans-ideology is harmful. it's harpful to people, particularly pardon meful to children, and it is something that is not good for society in general. people need to be much stronger in speaking against it because it causes so much permanent damage particularly with young girls and things that are irreversible. and people need to not be afraid to speak leer -- clearly on it. ashley: absolutely. molly 'eming -- mollie hemingway, thank you for talking with us today. let's get back to these markets. it's a holiday-shortened week, trading volume is down, but what we have seen today has been on the upside. david stryzewski joining me now. david, and just in time for thanksgiving, thanks for this, but you're warning of a potential black swan event. what could that be?
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>> yeah, well, great to be with you here, ashley. and, you know, as far as black swans if go, these are these things that we don't expect the happen. is and right now our economy has been based upon the consumer's ability to spend, you know? 70% of our economy that's essentially attributed to. and one of the challenges that we have today is that the retailers are telling us this week as we've just had earnings come out that the consumer's spending less right now in stores. they're buying fewer units but at higher prices. and this is part of the reason why we're exceeding $1 trillion in credit card debt for the first time in the our history as consumers. so here's where the black swan comes in, and that is credit card debt -- unlike a home mortgage or a loan on a vehicle where they can come and repossess something if youing you know, default on your payments, you're not going to come back and take somebody's groceries or gas that they've been putting in their car here with these higher inflation numbers. so, you know, the credit card
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debt is unsecured. so here is the thought: as we get past this holiday season and people buy more macbooks and spend more money at whatever place they're going to do it, we get into this new part of the year, they're going to to be looking at their credit card bills and see that they're paying over 23% in apr. and if you find yourself making minimum payments or trying to make extra payments, how in the world are you going to get this paid off in a high interest rate environment like this? ashley: right. >> so the challenge becomes if you're at 20,000 in debt but you can go 30, i think people are going to max out. this is unsecured, the banks are going to be holding the bag on the end of it, and that does not spell a good economy. ashley: okay. well, on that happy note, david, i'm sorry, we're running long today, but thank you so much for giving us the heads up on that and have yourself a great thanksgiving, david. thank you -- >> appreciate it, ash ally. ashley: thank you, david. lauren, you're taking a look at meta. lauren: new highs.
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i mean, stock's up another 1.25%. so they unveiled a new a.i. assistant for whatsapp, so you can command that system to create texts for you or images, and as you're in conversation with someone, the a.i. can help with trip planning and any information you might need. so pretty cool. burlington, this has been a winn earnings up another 4% today, up 26% this week. now analysts are saying burlington, which cater ors to a lower income if consumer, is supported by stable the eyeing signs among that consumer -- stabilizing signs. in fact, many brokerages including their price target, citi's going all the way to 2.that -- 2.45. analysts say china's google, the valuation's too cheap. it's come down significantly since the july peak, and they love ernie bot with, a baidu a.i. assistant, their chatgpt,
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if you will. i was reading and i said this yesterday that 70 million businesses have signed up for ernie bot is baidu. that's a lot. ashley: i know. i feel like i'm being left out. let's move on to openai. it's bringing back sam altman as a ceo, just the it's in a wild turn of events. what happened? lauren: we don't know exactly why he was friared and why -- fired and why he is now back leading the company in a stand -- span of four days, but openai says we have reached an agreement in principle for sam altman to return as ceo with the new initial board of brett taylor as the chair, larry summers, yeah, the former secretary of the treasury, and adam deangelo, and we are collaborating to figure out the details. thank you so much for your patience through this. i'm calling it a new era for opena a i. i mean, it's obvious that sam altman is beloved by the workers, by the investors and,
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obviously, the biggest financial backer which is microsoft. because when microsoft to offered altman a job, that could have been the straw that broke the camel's back over at opena a i. like, all of the employees, 700 of 770, threatened to follow sam to microsoft. and now he's back9 openai. ashley: i don't know whether we've heard the last of this, lauren -- lauren: no, we haven't. ashley: pretty interesting the follow. i don't think so east. lauren, thank you. all right, coming up, crazy story, or or parents setting up play dates for their adult children to help them find friends. it sounds like a will ferrell movie, all a bit silly. average rental costs are on the rise again, gen-zers are being forced to find a roommate or, oh, yeah, move back in with their parents. we'll get into that story. and maryland's teachers union made more than $26 million in revenue last year, but during that same time period reading and math scores plummeted.
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why are these teachers being rewarded for poor results? we're all over that one next. ♪ finish 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. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible.
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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. ashley: a the maryland attorney general has temporarily suspended a member of their anti-hate task force for anti-semitic social media posts. griff jenkins has that story today and, griff, what exactly
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were in these posts? >> well, this is really interesting, good morning, ashley. maryland's attorney general, as you mentioned, anthony brown with, has a temporarily suspended a woman who is a member of the anti-hate task force after public outrage over her anti-semitic social media posts like this one comparing israel to naziny. you can see in these -- nazi germany, putting their flags in the same photo, that moment when you become what you hate most. and this one on october 26th, chaudhry writing: i will never be able to understand how the world summoned up rage for 40 fake israeli babies while completely turning the a blind eye to 3,000 real palestinian babies. in a statement announcing the us pensioner brown says the commission must serve as a model for the entire state on how to respond to incidents of hate and bias, but chaudhry is fighting back, doubling down on her comments telling a liberal radio station she stands by, quote, context of her comments and
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telling fox digital this, quote: false smears from anti-palestinian and anti-muslim extremists will not stop me from standing up for justice here and abroad. chaudhry's also the director of maryland's council on american-islamic relations, or c.a.r.a -- c.a.r.e. as we know it, and they're calling the suspension a blatant act of censorship. ashley? ashley: what a mess. give, thank you very much. by the way, a new report shows revenue for the maryland teachers union grew from $19 million in 2013 to more than $26 billion just last year and, by the way, within that same time period math test scores have sunk and reading test scores plummeted from one of the highest scores in the country. daneshr allen is with the american federation for
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children, she joins me now. why is the teachers union being rewarded for such poor results? >> and that's a good question. thanks for having me on. you know, we have to ask why is the teachers union able to continue to collect millions and millions of dollars when student performance continues to decline? they should not be rewarded for just the december can mall results that's being -- that's happening, and they should be held accountable, the state legislature should be held accountable because our students are failing every single day. maryland has continued to also see an uptick in violent crime, and we wonder why that is. it's because they can't read. they can't do math, so they're obviously going to turn to crime. the answer here is to give parents an opportunity to flee these failing public schools and do give -- to give them more freedom and opportunity, provide
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them with school choice. ashley: you know, you bring up -- you say elementary school children are failing in math and, incredibly, high school kids graduating without even knowing how to read. how is that possible in this country? if am i just naive? >>, no you're not. it's a question that we should all be asking. finish how is this able to happen? in maryland only 26% of the kids are reading on grade level. it's 18% for students who are black. that's unacceptable. in baltimore, the worst school district in maryland, they're collecting -- each kid gets $22,000 per kid, per year. and they recently found that in 13 schools zero schools tested proficient in math, zero kids, while they're getting $22,000 per kid, per year. how is this happening?
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there is a public outcry. there have been lawsuits that have been filed in the district, in baltimore specifically to say that there's a mismanagement of funds here. we need more of these cases to happen because what's happening here in baltimore, what's happening in maryland is an outrage. we're going to continue to see more crime, we're going to continue to see more failure if we don't remedy this. and the solution here that i would love to propose is that we give that money directly to parents. we give the money to parents to allow them to shop around and find the best educational outlet for their kid. ashley: right. >> we've seen this happen across the country, and students are -- [inaudible] and that's what we need to do here as well. ashley: i want to bring up this issue with you. nearly 15 million students chronically missed school last
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year: it's a problem in nearly 70% of high poverty schools. why are so many kids absent, and how can this be allowed to happen? >> you know, ashley, i wouldn't be surprised if the kids were not coming to school because they weren't good at it. i failed the third grade twice because i couldn't read, and it wasn't until i got a scholarship to go to a private school that i started to love education again. why would these kids go to school when the system is not set up for them to learn, the system is not teaching them, they're chronically failing year after year? they're just a paycheck, to be honest. and so that's not any motivation for a kid to come to school. and we look at the results of this, maryland has a high violent crime rate, and that's what the kids are doing. they are not in school, and they're committing crimes.
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we need to get these kids back into a warm, welcoming school environment and give them education freedom. when i got the opportunity to get a scholarship to go to a private school, i began to love school. i wanted to go every single day. think of how much more these kids would love education if we invested in them, allowed their parents to take those dollars and direct them to whatever learning environment that best meets their needs. that's what we need to do. ashley: exactly. >> have a system system of care. ashley: we do. right. well, firstly, i want to thank you for being with us today, but also i want to thank you for fighting the good fight and trying to make a difference in children's lives who so vitally need the proper education. thank you so much. enter thank you, ashley. ashley: thank you. by the way, parents are now playing or planning play dates, we've talked about this, but it's play dates for their adult
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children. what the heck is going on, lauren simonetti? lauren: it's helicopter parenting on steroids, right in some moms and dads are worried about how junior is going to do when they go out on their own to. college, for instance. that they're actually arranging play dates and other social dates for them on campus. aren't the kids, adults in some cases, aren't they embarrassed? or is does it just feel normal for them to have their mom doing this? ashley: and we wonder why kids have problems with arrested development. i think there is parents just taking it way over the line. lauren, thank you. and, be by the way, this is a real talker of a topic, is it not? be sure to send in your friday feedback for this week, how do you feel about parents setting up play dates for their adult children? would you do it? have you done it? let us know, varneyviewersfox.com. interesting, a real talker. maybe around the thanksgiving table tomorrow. all right, coming up, the
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holiday season is here, and if you're in the market for a christmas tree, you may be able to snag one for just $5. we're going to tell you how coming up. also a museum in britain claims a roman emperor from the third century was actually a transgender woman. there's a picture of her right there. jon levine takes that on, believe it or not, next. ♪ ♪ -- for a thousand years. ♪ nothing's going to touch you in these golden years ♪ (adventurous music) ♪ ♪
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ashley: all right, let's take a look at these markets right now. it's been ifs since the very opening bell, and we're staying right there the in the same range. the dow up 140 point, the nasdaq and the s&p also moving higher. now this, rent is so high that gen-zers are being forced to either find a roommate or, you know, move back in with good old mom and dad. tell me more, lauren. lauren: so 7.7 million americans between the ages of a 25-34 actually live with mom and dad. that is up # # 7% -- 87% over the past 20 years. so because of this if you're living with your parents, it
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means fewer people are living solo. the average age that someone lives alone is now about 50 years old. so there's two reasons for that. one, life is expensive, you want to split the cost with a roommate. but, b, you have older americans that don't want to deal with the headaches of ownership, so they're just, you know, they'd rather just pay e a landlord to fix everything for them in the house. but, yeah, imagine being 50 and living alone for the first time. ashley: not. [laughter] but anyway,tist the times we live in, i guess -- 'tis the times we live in. lauren, thank you very much. now on to this story, a woke museum in britain says a third century roman emperor was actually a transgender woman. i'll just leave it there. no, i won't. jon levine from the new york post joins me now. jon, explain this one to me. i mean, recently we were told that men think about the roman empire at least once a day, but maybe not this. >> i was just telling your control room it's great you had
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me on, because with i actually majored in trans-roman emperor studies at berkeley, so so i'm an except pert in this subject. [laughter] -- expert in this subject. if you actually read the reporting, he liked to dress up as a woman and pretended to be a woman and be a prostitute and used -- he asked to be called women's pronouns, and there's a lot of other weird tough. he certainly was very, very mentally ill, so obviously gender dysphoria, the underlying condition behind transgenderrism, is listed as a mental disorder by the american psychiatric association. but i think, you know, it's all kind of silly, right? they didn't have a concept of transgender pack in ancient rome. this is all very modern psychobabble dreamed up at a places like berkeley. [laughter] it's like when you have these annoying relatives at thanksgiving who said jesus would have been a democrat. it's ridiculous i stuff. you can't apply the stuff we talk about today to ancient times that didn't know about a it, you know? ashley: it's absolutely classic.
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how lucky are we that you happen to be an expert on this particular topic -- >> in between hamas studies. ash very happy you're with us. yeah. [laughter] let's move on, why don't we. let's get to this, target going woke again, take a look at this, they're selling an lg lgbtq nutcracker e. there's a joke in there somewhere. also a pride santa. jon, you know, look, wouldn't you think from the bud light and all of that stuff that big retailers may think, you know what? we're going to get backlash here, but apparently not. >> i was going to say after a dylan mulvaney and bud light, you'd think people would be a rot more careful, but this is not cute, this is not fun. this is an attempt to kind of overthrow everything that's good and traditional about the united states and our culture. and it won't stop with, you know, some trans pride santa. it never can does. i quote the great new president of argentina, you can't give the far left activists an inch, because they will take a mile, and i would draw your attention
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to debate over statues where it's just going to be confederate statues, these were bad guys, and people said, okay, let's just do that. but it never stops there. before you know it, thomas jefferson is coming down like in our city council. so you think, oh, why is this a big deal? if you give in on this and you sacrifice the small battle, it's death by a thousand cuts. it won't stop by this. pretty soon there'll be no santa at all. ashley: well, and that's a good point, you know? if there is political correctness, but when you take it to a point where everything gets changed around including the rewriting of history, to your point, jon, that's when it's gone too far. but people are too frightened to speak up who have been given a label as a racist or whatever else, and that's a where we find ourselves today, right? >> you cannot give an inch. have you ever read a classic tome, it's called if you give a mouse a cookie, if you give it a cookie, it asks for system milk, this is our politics, this is our culture now. you cannot give a single inch,
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they will take a mile. every single line must be held. ashley: yeah. and, by the way, around your thanksgiving table tomorrow do you guys, does your family get into politics? are you comfortable with that or is that a no -- >> we get into it. my family is full of some of the craze iest people in the whole world and god bless them, i love them -- [laughter] but, yeah, we definitely get into it. ashley: well, that's good. politics as a well, i love it. jon, terrific stuff, as always. i spoke to the good friend recently who said every thanksgiving there's always one family member sitting in the driveway crying. that's tradition, my friend. jon, thank you so much. >> thank you. ashley: jon levine, our resident roman emperor expert. great stuff. all right, now this: a new poll shows that a gun ownership hitting a record high. lauren: yep. ashley: interesting. tell me more, lauren. lauren: 52% of americans surveyed by nbc news say they or someone that they live with owns
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a gun. that is an all-time high, and it's up 6 points from 2019. it differs by party. 66% of republicans say they or someone in their house old owns a gun, ashley. household. ashley: wow, that's incredible. tell me, the new poll asked how much money would you have to make in order to feel happy. this is -- we do polls all the time. i know stu gets a bit over it, but, you know, okay, tell me about this one. lauren: yeah. well, the answer is, the answer is never enough, ashley, and i'll tell you exactly how much after we go the break. ashley: oh, all right. sorry, i blew that. we'll be right back. [laughter] you can't buy great conversations
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ashley: okay, let's take a look at these markets. they've been on a pretty good roll over the last three and a half weeks or so. today as we head towards
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thanksgiving tomorrow, more buying than selling. the dow up, as you can see, 150 points, good for nearly half a percent gain. same story on the nasdaq, up a half a percent, and the s&p also up about a third, not bad at all. now, let's take a look at some of these big tech names. doing just fine, thank you very much. apple, up half a percent. microsoft up 1.33%. hit an all-time high just earlier in the session. meta also up more than 1%. the big tech names doing fine because we've seen the 10-year treasury yield come down a little bit or at least stabilize at around 4.4%. alphabet, as a you can see as well as amazon moving higher, and there is the u.s. treasury, 10-year yield at right around 4.42%. so none of that taking money away from the equities. meanwhile, take a look at the price of oil. oil has been moving down steadily. it's down $3 at 74.68 now, down
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4%. keep in mind though that opec meets on sunday. they don't like these lower prices, and it'll be interesting to see whether they either maintain their production or cut it back a little more hoping they can push prices higher. of course, we'll find out sunday. all right, tomorrow is thanksgiving, and that means millions will crowd into new york city to see the macy's thanksgiving day parade. it is a great tradition. lauren green is in new york city. lauren, good good morning to you. tell us about the increased security there this year. >> reporter: absolutely. well, you know, here on the upper west side of manhattan on the eve of thanksgiving today police are out in full force, you know? the balloons are now being inflated, you can see some of the balloons behind me that are being blown up right now, inflated, i should say. but looming over this festive atmosphere is the threat of terror from the ongoing war in the middle east. and city officials -- [inaudible] >> we have a joint terrorist
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task force in the city to focus on these threats and monitor a lot of chatter. >> reporter: now, the war between israel and hamas has created tensions and strife around the world and here in the united states. new york city and state officials are challenged with insureing a safe environment for millions during one of the most watched and most attended events of the year with at a time when there is marked increase in the threat of terror. for nearly a hundred years, the macy i's thanksgiving day parade has been the centerpiece of new york's iconic holiday season kickoff, but despite the heightened threat of extremist activity, officials say there's no credible threat. >> are we seeing an increase in calls for violence? absolutely. those calls are coming from outside of the country and inside of the country. but there are no credible threats to the parade or to new york at this final -- at this time. and the level of coordination between state and local and our federal partners is at an all time high.
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>> reporter: now, later today new york city mayor eric adams will have a press briefing to up update the press and the city on what the city officials are doing to take precautions to insure that everyone enjoys a very safe thanksgiving and holiday season. ashley? ashley: and, lauren, you know, another big issue for the big parade is the weather. it looks pretty good right now and, of course, we worry about wind. what's the forecast for tomorrow? >> reporter: well, the forecast, i'm not a weather person, but with i have heard the forecast -- [laughter] is calling for actually a pretty good day, no high winds. but you never know because in new york city and a lot of places around the country the weather can change on a dime. actually, i've seen the parade several years in a row, and every time the weather has really been beautiful for the parade, so i'm going to predict wonderful weather for you. ashley: hopefully that -- very good, lauren, we're going to hold you to it. lauren green, thank you so much. [laughter] great stuff, thank you. now this, this is
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interesting. you can get a christmas tree for as little as $5 but, lauren, my question is do you get the old, sad charlie brown tree for $5? lauren: no, but maybe not the exact tree that a you want. so actually i didn't know this was even possible, you go to recreation.gov and get a permit. you have to live near a national forest, you go to that web site to find out if you do and which forests are available to you, and you get your permit for $5, and then you can go into the national forest and literally cut down your own christmas tree. they're going to section off some areas, so it's not like any tree that you want, but ones that the forest service say are a-okay. they say cutting trees includes forest health by thinning densely populated areas. so if that's appealing to you and you want to save some money, i like it. ashley: you know what? i did it. i did it when i lived in montana for the very first time. i went up the hill, it was snowy and icy. i went and cut down a tree that
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was way too big because when you're out there, you lose a sense of proportion. what looks like a reasonable sized tree e out in the woods is actually, you know or or the christmas vacation bent over double onto the ceiling. but the worst thing was as i was coming down the hill, slid into a ditch and had to have someone rescue me by towing me out. ever since then, although it sounds good in theory, christmas tree lots are probably the way to go. so there you go -- lauren: okay. can i ask two quick questions? what happened to the car, is it okay, and then did you rescue the christmas tree? ashley: the car was -- [laughter] yes. everybody was fine. the christmas tree was not hurt at in all of this, but it was embarrassing because i was working in television, and some said, hey, aren't you the guy from the t? and i said, yes, and then he helped tow me out. everyone was happy -- lauren: this is not an advertisement for the forest service, got it. [laughter] ashley: no, not. all right, another one, lauren. tell me about this salary that millennials need to feel happy.
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is it a lot? lauren: $525,000 a year. yeah, i guess. it's four times that of baby boomers. they say they can live comfortably and happily on 124k a year. i'm trying to figure out why, you know, yes, millennials have more expenses. they have kids, for instance, but they also like those little luxuries that add up like the starbucks every single day. add a it all together if you want to be happy, you know, 525k. ashley: well, they say it can't be happiness, but it can buy quite a lot -- lauren: comfort. comforts make you happy. ashley: comforts, indeed. they do. amen to that. dream on, that's all i can say. lauren, thank you very much. let's take a look at these 30 stocks on the dow, get a sense of where we are. here, what are we, just 2 hours, 15 minutes into the session. a lot more green than red, that's for sure. 3m, microsoft, american express,
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am-ex doing very well. up at the top, caterpillar, wall greens boots alliance down at the bottom. the dow up 178 points. all right, now this, coin calls itself america's first conservative credit card. they want to rebrand black friday as red friday this year. what's it ail all about? well, we're going to tell you next. ♪ dance, dance ♪
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ashley: well, the irs is delaying their tax reporting rule on venmo and paypal payments over $600. what happened, lauren? lauren: everybody's completely confused. okay. so when you look at your paypal, for instance, or your venn know history -- venmo history, you need to be able to tell which payments over $6000 were from actually -- $600 were from
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selling a product or service and which were personal. so $600, or it was, down from $20,000. so now because of all this confusion, the irs is delaying the 6000. so for this tax year, it stays at 20,000, next year it goes to 5,000 and eventually, ashley, they get to 6000 because in that time, maybe people will get -- this was part of the american rescue plan. the government wants the collects more taxes for people who paid for things through those third party apps. ashley: wow. sticking it today -- to the middle class again, is what we're saying. now this, coin is a conservative credit card, and they want to change black friday to red friday. the chief executive of coin, rob collins, joins me i now. great to see you, rob. okay, let's start there. whey do you want it to be called red friday? >> thanks, ashley, for having me on this show. if you want to change the culture of this country, we have to change the commerce.
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and so at coin we created red friday.us as a place for conservatives to get ready for christmas, buy great products and support great american companies that support their values. $9.2 billion is what we spend on black friday, and a lot of that conservative commerce is going to companies that do not support our values, support things like the anti-semitic protests we're seeing across the country. so red friday.us is an attempt to bring together conservative vendors, conservative businesses and, you know, at coin coign, we have customers in every state in the union say where can i shop, express my values through my commerce, and so we created this site. it's the an opportunity for conservatives to work together and to really begin to fight back against this cultural decay we're seeing. ashley: exactly how does it work? what kind of apr are we looking at? do you get cash back, and does a portion of that money go somewhere in how does it work many. >> absolutely. it's just like every credit card
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you've ever had. we're in the visa network. our customers get unlimited cashback rewards, but every time our customer swipes, clicks or taps, we take a portion and donate it to conservative causes. we put up four causes a quarter, our customers get to vote, and if you get 40% of the vote, you get 40% of the charity bucket. this year alone, we will donate more money to conservative 501(c)(3) chairtives than the three major credit card companies combined. ashley: wow. is there a long list of alternatives? >> absolutely. go to red friday.us, check 'em out. there's tons of places you can go, buy great stuff, support american companies ask and shop your with values. ashley: fan fantastic. well done, by the way, you got it in. rob collins, thank you so much. cign -- coign, the conservative credit card.
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now it's time for the trivia question, which city has the oldest thanksgiving day parade? is it new york city, boston, washington or philadelphia? i guess they could all a be good guesses, right? the answer a when we get back. ♪ ♪ .. [ "i'll be seeing you" by the five satins ] ♪ ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪
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ashley: we asked which city has the oldest thanksgiving day parade. lauren: i said it was because the turkey trot is there. that was buffalo. i'm changing my answer to philadelphia. ashley: so was a high. my first instinct right away, philadelphia. we will go with philadelphia. the answer is we are so smart to. it is philadelphia. we love us. the first parade was held in the city over 100 years ago in 1920. send your friday feedback. we want your thoughts about the show this week. it is one of those topics.

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