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tv   Varney Company  FOX Business  December 7, 2023 10:00am-11:00am EST

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stuart: that's a picture of what looks like new york city, isn't it? times square around the corner. i should have known that. >> couldn't keep up with you. i was running and you were walking. you wouldn't slow down. stuart: i drive through every morning and you can see on the left-hand corner that is a giant screen. crystal clear. arrests your attention. >> looks like the queen. because you're from england. we when i was. you think we should move on? 10:00 eastern, you go straight to the money, look what you've got. nasdaq, modest rally up 94 points, no change for the dow up two, s&p up 19 and if you
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look at the dow 30 it is an even split between winners and losers, the tenure treasury yield moving up a bill, 414. the price of oil at $70 a barrel. earlier it drop to 69. as for bitcoin, that rally is down a bit. and that's the markets. the president's bad week just got worse. 40 white house interns signed this letter to the president, we heed the voices of the american people and call on the administration to demand a permanent cease-fire. we will never forget how the pleas of the american people have been heard and ignored. that is a revolt from within the white house. that after his defeat in the senate to get money from ukraine to -- he wouldn't change border policy and that came on the day when record number of migrants crossed the
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border, 12,000 and one day. a new low for his approval rating. a paul from cnn showed it dropped to 37%. he is linked to chinese money through hunter biden when he was vice president. he is facing impeachment and then there's the contrast with his opponent, donald trump look sharp in his town hall with sean hannity, forcefully set on day one he would close the border and drill drill drill for oil. there was no force in biden and on energy in the border he's lost. after a week like this democrats must be alarmed because he is sinking on every front and that 80 one years of age he has neither the energy nor policies to rebound. second hour of varney just getting started.
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todd pyro sitting next to me joining me for the hour. do you think i'm a bit harsh? terrible we getting worse? >> you nailed that on every point but we've addressed the substance of almost everything in your take except the other stuff over the last year. that in turn thing is shocking because this is the upper level of the white house disagreeing with their boss. this is a bunch of college interns. what does xi xinping think when the interns disrespect the president of the united states. if they disrespect president biden that much, what does that say to put in an xi? that open season on the united states and that is shocking. and 18-year-old feeling too confident to question their boss who happens to be the leader of the free world but it goes beyond that. this is a horrific look for our
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country. stuart: i want to talk about what president biden said about trump's chances in 2024. >> will any democrat be donald trump other than you? >> only 50 of them. >> you to believe there are? >> president biden: i'm not the only one. >> who can be donald trump as president? stuart: pop out of the door and didn't. the approval paul in the cnn is down to 37%. do you think, i have asked you this 15 times the last couple months, do you think he's going to be the democratic candidate? >> if i one of the three candidates debating chris christie on the debate stage i will deflect the question. we focus too much on the person. if it is president biden he has done what he has done the last three years. if it is kamala harris she is a disaster in and re-metric you look at.
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if it is obama, michelle obama she's a continuation of the obama years and if it is gavin newsom a continuation of the horrific policies in california. i think you need to focus on these numbers on donald trump. it is the contrast. i may not like donald trump but was my life better from 16-twenty twenty? or is it better now? 20-23 going into 2,024, democrats, republicans, independents, go bullet hate trump say i may not like the guy but i have to vote for him, my life is a disaster right now. it was great under trump and that's why you are seeing these numbers. stuart: do you know who these 50 democrats might be? who can be trump? >> biden has predicated his entire reelection campaign as i am the only person that can be donald trump and i did in 2,020. he made a major concession. he doesn't mean literally 50. he says other democrats can beat trump.
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he conceded, pass the baton, give it to one of those. >> haven't been on your show, forgot the stories. she makes a good point. you make a good point. he may be setting up a passing of the baton. we want that was my -- >> maybe we should switch seats because she did such a great job. stuart: you will never eat breakfast on this show again. thanks. stay right there. let's get to the markets. here we are, we 've got 36 minutes worth of business and 13 on the dow but the nasdaq is doing well by 106 points. let's figure out what's going on with the market, welcome back to the show, good to see you. >> it has been a few years. stuart: months at least. inflation cooling. interest rates heading down. doesn't that set up a continuing stock market rally? >> that has happened to. we had one of the strongest novembers we've seen in a long time and bitcoin is up, speculative stuff is up.
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that's very much reflected in the stock market. a one does it go into 2024? >> that the concern because if that continues and inflation continues to go down. it's a big slowdown. that won't be good for speculation or the markets. if this big improvement in liquidity causes growth, that will cause it to come back into the story. either way especially given the fact there is such an easy fed next year in terms of what is priced in you have to be careful on both sides. you are not likely to see leadership of what is driving markets higher. stuart: is there a group of stocks that will do well in 2024 regardless of the economy and interest rates and inflation? >> for right now we are in the midst of a profits recovery and acceleration despite the concerns people have with the
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economy. you want cheap cyclical stocks, value or some in the us, those stocks doing well but got to watch for signs there are credit issues that will slow the economy. stuart: where should i put my money? >>'s and value cheap stocks. stuart: the russell. >> the russell, the s&p 600 small-cap, value stocks. stuart: welcome back, long absence, see you soon. i want to start with google. 5%. >> the new ai model called gemini, vf -- well received, jpmorgan says it scored higher than chat gpt 4, really for investors, not far behind. stuart: it's a huge gain for stock of that size. 5%.
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c3 ai. lauren: they make ai software, up one hundred% this year. they are forecasting an annual loss because developing ai costs money. they have pilot programs, drive profitability and free cash flow, stock is down 11%. stuart: we have an airline i pledge never to invest in, up 11%. lauren: after this airline is forecasting an annual loss. lauren: wise up? lauren: resilient demand. the customers saving money, pennypinching are not cutting back. traveler sticking with us a little longer. stuart: from new york to florida is what they do, every jetblue flight new york to florida is jampacked for all time. i thought you would like to know that. meta-just announced personal calls and chats for every user on message will be automatically encrypted. why?
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lauren: it is what they already do on what's apps and people like it. they are expanding automatic encryption on their platforms. in the digital age, the living room is often online. what i wrote to you, i am the only senator, you are the only recipients, no one else can see it. people want to trust that communication. meta is trying to make that happen. stuart: did you see what jamie dimon said about cryptos? don't like him at all. lauren: called a ponzi scheme and he says if he were in the position to get rid of them altogether, watch here. >> i have always been opposed to crypto bitcoin etc. the true case for it is criminals, drug traffickers, anti-money laundering, tax avoidance because it is anonymous, not fully, because you can move money
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instantaneously because it doesn't go through, all the systems built up over many years, sanctions didn't get bypassed by all of that. i would close it down. lauren: how would you close it down? overregulated it so much that it is impossible and too onerous to operate? deal laminate most cases? don't know how you do that. stuart: you have 20 seconds. >> there's an article in actio's that says on the shortlist of donald trump being president again, he wants jamie dimon, a democrat, as his treasury secretary. that is how he would shut it down. stuart: thanks, everybody. squad member jamaal bowman could join rashida tlaib and adam schiff in being of a third democrats censured by the house this year. republicans want to hold him accountable for pulling the false fire alarm. senate republicans blocked $110 billion aid package for israel and ukraine because it lacked
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border reform policies. senator james landgzip afford joins us next.
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is going to help us and our futures. it is why we're coming up on stage to collect your diplomas. mom, love you always. vo: when you graduate, they graduate. visit finishyourdiploma.org to find free and supportive adult education centers near you. stuart: here we go, markets in green. the nasdaq up 134 points. senate republicans just blocked the one hundred $10 billion aid package for israel, and taiwan. blocked it over the lack of border security reforms. aishah hasnie on capitol hill. will they get a deal?
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>> reporter: depends who you ask. everyone is counting down the days. some folks heal it is not likely democrats might pump this until after christmas but senator lankford is one of the lead negotiators on the republican side and he seems to think each corner, all the sides are serious about getting this done before christmas. after the vote failed last night he said he would be speaking with chris murphy and the white house. unclear how involved the president himself is going to be in this but lankford said it is heartened to hear biden's recent comments about being willing to make compromises on border policy so that is something. senate republicans want two major things, processing asylum claims faster, stopping mass releases into the country. it's back to the drawing board. they will swap paper again and folks on both sides are hopeful
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there are days left on the calendar here to get this done. >> we talked about this a long time. this isn't an issue where people need to know more, they just need to have something out. >> i hope we can get a solution because i support all those initiatives. i support ukraine israel and helping taiwan and border security. i do worry the situation on the border is so chaotic that it presents a national security crisis. >> if they can't get it done by next week, the question becomes will they stay in the session through the christmas holiday? senator lankford thinks they should. you can ask him next. stuart: i plan to do exactly that. president biden said he is open to making compromises on border security to save the aid package. >> president biden: i made clear we need congress to make changes to fix what is a broken
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immigration system. republicans think they can get everything they want without any bipartisan compromise. that's not the answer. that's not the answer. to kneecap ukraine on the battlefield and damage our national security in the process. to make significant compromise. stuart: let's bring in the aforementioned republican senator from oklahoma, mr. james lankford. is border security more important to you than aid to ukraine, israel, and taiwan? >> for every nation it should be, we have to deal with our own national security. we have the highest number of illegal crossings ever in any september in any october, in any november, two days ago we had the highest single day ever so this is skyrocketing chaos. why would we not deal with our national security as we deal with other national security.
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stuart: what border security reform do you want to see? what would you have done? >> the most basic thing was mentioned, we've got to deal with asylum seekers, there were 20 one thousand people year asking are asylum on the southern border. now there's 21,000 every two days asking asylum on the southern border. we need assignment hearings at the border, people who don't qualify and send a message that if you want to come legally to the united states you can do that but if you want to game the system you cannot. stuart: is it too late? you mentioned 22,000 people coming across the last couple days. there is no short-term fix so we can expect another million at least over the next year. is it too late? >> it's never too late to do the right thing at any point on this. for us we've got to put policies in place and put requirements on any administration to secure the
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border. this has been negotiated for a long time. it has been 30 years since there was any change in the law dealing with border security, it's well past time to do it. we didn't start on this two weeks ago. stuart: will you sacrifice aid to ukraine in order to get something done on the border? >> i support aid to ukraine. putin attacking his neighbors funded by china with north korea and iran in weapons is bad and we should push back on that. to say we will help the ukrainians and ignore national security of the united states is a false choice. we should be able to do both. stuart: thanks very much for joining us. we always appreciate it. house lawmakers will censured democrat congressman jamaal bowman for pulling the fire alarm in september. is he going to be censored? ashley: it has gotten to this point.
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there's a chance here. the censure resolution introduced by congresswoman lisa maclean, basically a public rebuke of a member's behavior, one step down from expulsion. as you can see, caught on video setting off a fire alarm september 30th as democrats were stalling for time to review a republicans stopgap spending bill. the false alarm prompting and evacuation of the building. they claimed it was an accident. failed to alert capital police. he pleaded guilty to setting the alarm off, pay the maximum fine of one thousand dollars but this year as you mentioned before two other house members have been censured, democrat adam schiff of california and rashida tlaib of michigan. the vote on bowman coming today, strong likelihood he will be censured. stuart: what do you think? >> he knows what a fire alarm
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looks like. he should be censured. people like aoc, what's next? republicans will be censuring people for jaywalking? it's part of the tree of republicans are going to ruin democracy. when they make an inflammatory statement like that they don't have the fact on their side, they don't have the facts on their side here. he should be censured and we should all move on. it was a stupid thing to do, can't do that if you are one of the members of the house of representatives. aoc was so stupid to say oh my god. she is in a in the stuff that comes out of her mouth. stuart: moving on. the ncaa wants to pay college athletes. kelly o'grady will tell us how much these athletes could make. students math scores have plunged and randi weingarten is trying to avoid respond to billy. school choice advocate cory deangelis says this is truly orwellian. he joins us next.
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2-year propelling the nasdaq to us all again up 120 points. a lot of green over there. i want you to start with walgreens. lauren: winter is upon us. walgreens is expanding their flu and covid treatments. stuart: that is good for 4%. match.com. lauren: they are down just fractionally, they were down one%. wells fargo cut their price target by $20 to 32 where it is now. there's two issues, they are over these dating apps like tinder, they are sick of it. they want to meet people organically again at starbucks. or at the bar. stuart: the dance club or whatever. okay. neil: i ask my single friends do you have get hit on at a bar? never.
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everybody is too busy on their phones. stuart: are you asking me? lauren: i asked my single friends, not you. are we friends? stuart: domino's pizza moving swiftly. >> a new high almost 5%. yesterday, today, they lifted their long-term global sales forecast for growth of 7% from the initial range. stuart: now that. thanks, everybody. moving on. the ncaa is considering a proposal that would allow colleges to pay athletes. kelly o'grady, how much could these athletes make? >> $30,000 a year for some of these athletes. this is stunning coming from an organization that fought tooth and nail to preserve the amateur status of these athletes but earlier this week ncaa president charlie baker sent a letter suggesting three changes. universities should be allowed to enter endorsement agreements
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with student athletes, there should be on education related benefits had a subdivision should be created, 30,000 a year, for student athletes. they level but is fast becoming a very unlevel playing field. schools will be required to exist by gender equity regulation. the drawback is the rich school division would likely accelerate the inevitable shift that has been happening, the football havens like alabama, michigans by different rules and they struggle to attract challenge. they don't have a future in professional sports. he says this is necessary. >> something that needs to happen. it's a great way for players to
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earn compensation for themselves. for humble backgrounds, for the family. lauren: washington is eager to get in on this. pandora's box is open here. todd pyro, what do you think of this. >> i hate what it does to college athletics, makes it professional athletics. my performance on the field is bringing in millions, i was getting a scholarship. you are getting a free education, that education from a dollar perspective is worth less than what you are bringing in. from their perspective i would be thrilled with this. what you are watching on saturdays college football will be even more of a row product
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that seems dirty to me but from their perspective they deserve it. stuart: lauren is sitting there. lauren: you convinced me. i'm for it. they are bringing in the audiences. i was going to say education, probably got into school because of sport and it is free for them but they are bringing in the crowds. stuart: it changes college athletes. it does change. >> michigan, ohio state upwards of 23 million viewers. think of the monetization of that. those kids don't get a cut of that. a very small percentage. even those two schools which are factories. stuart: i'm with you on this. thanks. look at this headline for you. randi weingarten lies, lies, and lies again about closing schools during covid. cory deangelis wrote that and joins me now.
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tell me about these lies and will randi weingarten be held accountable? >> randi weingarten is the champion of the gaslight olympics. she keeps repeating the line a push to open schools in 2020. everybody knows the family saw what's happening before their eyes over the past few years. the aft, randy's union lobbied this cdc to make it more difficult to reopen schools in person. they were threating safety strikes. health officials for not following the science, they were following the political science and the only way to hold them accountable is empower parents to hit them where it hurts with the funding stream. allow the money to follow the child away from those unionized institutions to other schools that align with their values. they will do a better job and listen to parents instead of labeling them domestic terrorists. stuart: i want to bring this up. a health science program at
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ohio state university requires students to take part in discussions about gender and race. students are asked to address privilege like if they are white or heterosexual. what is your response to that? >> why pay for this mess? why pay to go to an institution that teaches you not to be proud of yourself and to not like yourself and feel bad about your background? it is an elaborate twisted form of self-flagellation in the name of the church of work in us and it needs to stop. schools need to focus on the basics to get kids a better job, good education. it all starts in the k-12 level, kids starting this at the age of 5 going through institutions staffed by people indoctrinated with this marxist ideology at the higher education level. it continues in college as well and we are all surprised when we see society leaning more towards the left in recent years, shouldn't be that surprising. we need to take our schools back.
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stuart: i'm surprised when we have instances like this and here's another one. school district in kansas can a kansas city offering children as young, kindergartners actually, lessons on lgbt q history. and include stories of a little boy who dresses up like a girl. seems like this has been pushed on young children in public schools. >> weird that the left is so upset with speaking about sexualized topics with young children at the age of 5. the story goes to show you this happens in red states and blue states ally, not just california but missouri as well. we need radical reform in every single state, not just blue states, so parents have a real choice. let the money follow the child, institutions the focus on the basics, the national international test scores just came out showing us plunging and math by 13 points. it is an embarrassment on the national stage. we one wouldn't it be great to do unionize america's public schools? that's possible, you could do
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that with an executive order. >> abolish the teachers union, don't know if that will happen anytime soon. the easier path is from the bottom up, incentivize them to do a better job and their unions won't be as powerful anymore. stuart: thanks for joining us, see you again soon. back to this. this is your story. many people are taking ozempic and other weight loss drugs and it is affecting the food industry. we will tell you how some major food companies are making adjustments. i don't believe it. and restaurant in oakland, california, the new truck was stolen a day after he bought it. the owner of smoke lint barbecue will tell us what is wrong with oakland, california.
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stuart: nasdaq going strong, up 157 points. that the nasdaq rally. my favorite subject come major food companies are considering making meals or products designed for people on weight loss drug ozempic. what are they doing? ashley: just a minor thing. ozempic is not a weight loss drug, it is for diabetes, people with extremely high a1c readings. the drug helps to lose weight but food companies are considering making meals of products designed specifically for customers on weight loss drugs. nestlé says it is working on companion products that can help counteract any loss of muscle mass. for instance the products would supposedly help people from gaining all the weight back
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once they go off the drug, trying to create protein shapes to counteract any loss of new traditions, preprepared foods and meals that avoid high sugar and high carbs make sense for people on these extremely popular weight loss drugs. stuart: i will pursue my argument. right there. i do not believe that food companies are seeing a reduction in food consumption and it is affecting their stocks because of ozempic and neither do you. >> when you are on one of these weight loss drugs, you no longer crave greasy food. mcdonald's sells greasy food. stuart: you think mcdonald's is suffering because of it? lauren: now, but it has become so big, the from the snack company's and fast food companies have to acknowledge it.
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>> we talk about it a lot. at some point it could reach the scale we are talking about. there whole marketing strategy is addiction. look at sugar, salt, the day after dinner i had to have five oreos because i'm addicted to the sugar in the oreos. i have ozempic, i don't need that. lauren: overall -- >> chemicals in food. if we could eat healthy, no chemicals, organic, none of the problems we have. that is why they are healthy. stuart: you are such a liberal too. a small business owner in oakland, california opened his restaurant two months ago on his brand-new pickup truck was stolen the day after he bought the thing. chef jason lewis is the owner smokeland barbecue and joins the now. what's wrong with oakland, california?
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>> nothing is wrong with the city itself. there were problems with management. the mayor last month missed their deadline for the police they needed. stuart: what happened when you reported your stolen truck? >> in the process of transitioning and the police, nobody owns it right now. stuart: are you leaving or planning to leave? >> absolutely not. i love oakland. stuart: what you want is difficult management of the city? it has got to be a vote.
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>> it comes down to it doesn't matter how we vote. they have their own agendas and are not being on top of their jobs what they are supposed to be doing and that is what's really going on. stuart: the restaurant has been open two months. are you making money? >> not brick and mortar yet. just a pop up. i started recently after a spinal cord injury. i was paralyzed, got hit by a car, paralyzed from the neck down. been recovering the last three years. a few friends suggested i get off my butt and go cook for people because it is what i love. i source local products. stuart: can you make --
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>> like your last story about all these sugars and additives. stuart: can you make a profit in oakland, california? >> yes. absolutely. if the city improve the would make more. >> trying to go brick and mortar in the next two years. stuart: i am out of time but best of luck to you. >> appreciate your time. border patrol is using artificial intelligence, we will try to explain how that works. border agents with 12,000 migrants in a single day, time to color crisis? listen to what obama's dhs secretary said? >> i know you cannot imagine what 4000 today looks like. we are in a crisis. stuart: i will show you what it is like with 12,000 today.
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former acting dhs secretary chad wolf on record numbers at the border next. ♪
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stuart: the house is voting whether to censure jamaal bowman who pooled a false fire alarm in september. republicans believe he was trying to disrupt congress as lawmakers were discussing a bill to everett a government shutdown. he's the third house democrats are faced censure this year. the voters on right now. 12,000 migrants crossing the southern border on tuesday alone, the highest daily total ever recorded. bill melugin, you spoke with these migrants. what did they say to you? >> reporter: they are all over the country. a nonstop flow of mass illegal immigration. border patrol tries to process people all day, and the sun goes down in the middle of the night and you see the situation behind us. hundreds and hundreds of people crossing illegally. a single adult male, we want to
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show you what it looks like in the early morning hours. before the sun comes up, it's chilly out here in the middle of nowhere. a lot of migrants who cross illegally will set campfires in an effort to stay warm, go into the desert, burn anything they can find, even plastic gets pretty bad. we talked about how it's a nonstop flow. look at the video we shot yesterday afternoon. another breach in the border wall. hundreds of people came through, crossed illegally and passed to where i am standing, border patrol is trying to process people and get them out of here. hundreds more started showing up, it is broad daylight and it is nonstop. we had a chance to talk to a lot of the guys and none of them are asylum-seekers, they are here for opportunity and work, or to link up with family already in the united states so i asked where they are planning to go because they are all expecting to be released. where do you want to go?
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>> california. >> new york city. >> family was here. >> omaha, nebraska. >> oklahoma. >> reporter: bottom line, the biden administration's mass catch and release policy is a huge pool factor. all the guys behind me are coming from halfway around the world and giving themselves up they think they are going to be deported. they believe they are going to be released into the united states. that's drying so many people to the border. they think if they set foot on us soil they are going to get processed and go to a city of their choice. stuart: i think they are right. great stuff, thank you very much. nikki haley wants to send back millions of migrants who arrived under president biden's watch.
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>> what i said is all the 7 or 8 million illegals that have come under biden's watch have to go back. we have to stop the incentive of what's bringing them over in the 1st place, biden gave temporary protective status to 500,000 venezuelans. stuart: former acting dhs secretary chad wolf joins me now. i don't think that's realistic that you can just send 7 million people back. what say you? >> logistically that will be difficult but we should certainly try. ice law enforcement agents and removal officers need to be allowed to do their job and for the last 3 years because the biden demonstration told them they can't remove individuals, even those with orders of removal from an immigration judge, they are not removing. we can start the process to remove those that have come illegally and gone through due
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process that are currently aliens and others. just because it is hard doesn't mean we shouldn't try and we should start removing people, removing individuals, illegal aliens, repatriating them to their home countries is a fundamental part of immigration law and our immigration policy and it should be but over the last three years it has not been. we should go down that road. i know a number of candidates are talking about that. stuart: they are indeed. i'm out of time. come back and see us again real soon. thanks very much, see you again soon. thanks for being with us for the hour. always appreciate it. more varney after this.
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after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?"
10:59 am
bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything.
11:00 am
♪. stuart: sky fall, is that the from the movie, the james bond movie? that is adele singing the theme song. a little snow in new york city as of right now. that is the fox building right there. it is 11:00 eastern. as we remind everyone, this is

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