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tv   Varney Company  FOX Business  January 19, 2024 11:00am-12:00pm EST

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jot problem is that within the gop, there's a huge class divide between the donor class and the voter base. >> no, we need to strike hard and if we financially went after iran and all the other terrorist organizations, you wouldn't be seeing this. you wouldn't sigh any of this under the trump administration because he stood strong. >> spending money last year and they had to learn that lesson. cannot underweigh big tech as a resident and can nvidia as a risk too. >> we don't know who's really running the show. the problem is when the rest of the world also doesn't know and doesn't have a figure to point to, then we have the chaos that we have. it technically, yes, this is what they did in 2020, and they think they can do it again.
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stuart: it is 11:00 eastern time and you're looking at new york city and it's snow, not real hard but it's snow and not much snow? new york the last two years but we got it today. check the markets, please. i see an improving green, at least for the dow. up 109 and nasdaq up 71. big tech mostly higher today and i don't think there's any exceptions and vote one and that's amazon which is down 16-cents and the rest is up quite nicely and 10-year treasury yield continuing to go up and 416 right now and big tech is still on the upside. now this, congressman adam schiff is running for the senate. he's a democrat and from california. he's likely to win. "the wall street journal" is sounding the alarm. schiff wants to transform america into something only the far left could love. schiff is a trump hater. he was the guy at the heart of the russia, russia, russia hoax.
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he was censured for that. now running for the senate, he has a radical agenda, national right to abortion, cancel 50,000 worth of student debt for every borrower. that's basically vote buying. universal basic income is more, vote buying. he would raise the corporate tax rate to 35% from 21%. he really doesn't like business, does he? forget state control, he'd federalize elections and ballot harvesting everywhere. count mail in votes for up to 10 days after the election. can you imagine what lawyers would do with that? schiff is a lawyer. and he would increase the number of supreme court justices from 9 to 13. packing the court. talk about a transformation. none of this happens if the republican cans retake control of the senate. as they point out, gop better come up with good candidates for senate races and schiff'agenda is a warning, this is what the modern democrat party is all
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about. he wants the border open to bring in future voters and he's interested, he is interested in solidifying far left power in american politics and that's what he wants. i hope he doesn't get it. third hour of varney starts now. stuart: jim jordan has a smile on his face. that's good news. congressman jim jordan is with us now. what's your take on adam schiff's 2024 agenda? >> well, it's the left as you said, stuart. open bor borders and noncitizens raise everybody's taxes and it's basically joe biden. i say all the time, think about in three year's time, we've literally went from a secure border to no border. we've went from safe streets to record crime and and, 3, 4, $5
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gas and stable prices to record inflation under the left's policies, and i haven't even got into foreign policy where the weakness projected from the oval office led to all kinds of terrible things, namely hamas and hezbollah attacking our dearest and best friend state of israel. that's just more -- that's where the left is. whether they're running for senate or whether running for president. stuart: we're in agreement on this one. jim, i'm going to move on. hunter will sit for a closed door accept diggs february 28th . what's the first question you want answered by him? >> you're in dubai and head of burisma said we're under pressure and we need help relieving the pressure from the prosecutor and ukraine and devin archer and he called his dad and called dc. the president biden and going with the cup and will just a few
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days after joe biden went to ukraine and conditioned the release of american tax dollars on firing the prosecutor that was applying the pressure to burisma, the company that hunter biden sat on the board of. so that i think is a critical question then some other obvious ones and i want hunter bide ton confirm that and who's the -- what was the brand that you were selling and your partner with the brand access to joe biden and is that what the brands are selling and fundamental basic questions we want to get out and a lot of others as well. stuart: if it's a closed door hearing is and what's your advantage and the point of view? jot whole hour and chief council on the committee and we'll get a whole hour of questioning and then goes to them and is get in things that happens in a congressional hearing and you always do depositions and
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numbers and hunter biden's odds and paying for tax bills and other bills and we'll have a next week rock walker and eric and tony bobulinski and jim biden and hunter biden at the end of february. we have key people to talk to as part of impeachment inquiry and we'll have to make a decision whether we're moving forward with articles of impeachment or not. stuart: got t jim. the new hampshire primary is coming up tuesday of next week and trump is running away with the nomination. that's my opinion. is it time for other candidates, haley and desantis to drop out? >> well, i leave that up to them. what i know is president trump's going to win and run away like in iowa and more importantly our next president and back to the next policies and the oval office did what he told the american people he was going to do and make life better for the families and that's what i hope happens if he stands for a few more states, that's up to them
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and doesn't matter. president trump will win and he'll be our nominee and he'll be our next president. stuart: the extraordinary contrast between the president, president biden who's cognitive ability seems to be declining on a daily boskiest and has no -- basis with no energy and donald trump racing around the country from caucuses and doesn't lose a step and it's a contrast. >> it sure is and the country sees that and energy president trump has and more importantly he's fighting for them and has a great line and uses it almost every speech he gives and they're coming after he because i'm fighting for you. out in iowa, he change it had a bit and it was even better and said out in iowa at a rally with the president he said they're coming after my freedom because i'm fighting for yours and the country understands that. that's why there was the enthusiasm in iowa in minus 20 degree temperatures and people supporting president trump. they know he's fighting for them
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and know what we had when he was president just a few years ago. stuart: jim jordan, thank you for being on the show. back to the markets. our friday favorite. jonathan hoenig is here with us. jonathan, how far can the rally go and i'm talking the big tech rally and it depends on two things and earnings and ai. this is big tech i'm talking about. what say you? >> i've been impressed with meta and a lot of big tech stocks and stuart, even last couple days it's as if the market narrowed its big tech leading the charge and accused in the new all time high and i don't think you fight the tape and long year and it's a hell of a lot of volatility and especially as you mentioned interest rates are on the way up again and i think now regardless of position of big tech and it's good to have powder dry and keep your options open. stuart: just out of interest and
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23409 your hedge fund but a normal person's portfolio, what proportion of normal person's portfolio should be in big tech? >> i think honestly, stuart, depends on the individual per se. i don't have a particular recommendation like that but even if you own the s&p 500 and even the conservative index fund and a big pusher is not just in big tech but a small number of names and that's why i'm bringing them with exotic names and they're not so exotic and there's more to life than just big tech and it's off the radar screen. >> yeah, give us exotic stock pick of the day. stuart: it's bitcoin etf, is that right? >> it's not. it's betting against bitcoin, stuart. look, for years i've everyone wondering how bitcoin and etfs changing everything and there's more than ten bitcoin etfs that
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started trading and bitcoin is down based by about 12% and i know i sound like a grumpy old man, stuart, but i don't get it. what is bitcoin used for beside just speck rating on bitcoin? only 2% of americans bought something with it. i'm looking at b-i-t-i and this is an etf that goes up when bitcoin goes down. consult your own financial adviser and do your own due diligence but the hype is over iodism more with jamie dimon calling bitcoin a pet rock more than cathy williams thinking it's going to a million a coin. stuart: bet against it, b-i-t-i is the place to go. exotic excellent stuff. jonathan, thank you indeed. see you soon. >> be well, stu. stuart: see you soon. and lauren is looking at travelers. lauren: they earned more in premium and paid out in claims and that's how it works and they're pushing the dow up. stuart: is that your microphone?
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lauren: it is, i just fix it had. stuart: super micro computer. lauren: tech company and make servers and storage systems and raise forecast for earnings, which come out in about two weeks time. they're saying such strong demand is coming from artificial intelligence and with this, look, broadcom up 3%. qualcomm up 3%. nvidia is up 2%, a record high for the seven time in nine sessessions and up ten 10 and 1% in this young year just on nvidia. stuart: $582 a share as we speak. mamacys. lauren: laying off 3.5% of staff and more than 2300 workers and close five store this is year. stock's down 3%. typically that's cost cutting and reorganization and the stock would go up. not this time. stuart: no, the department stores are in trouble. lauren: yeah. stuart: that's the way it is. thanks, lauren. coming up, a group of tech billionaires revealing plans for ewe taupen community in -- utopian community in california.
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sounds farfetched. ever wanted a signed kobe bryant trading card with a piece of jersey on it. ken goldin has one up for auction and how much to shell out to get it. remember this, way back in may, steve cortez a former trump adviser told us he was backing ron desantis for president. watch this. >> idea of a rematch, of a re-mash of biden versus trump and something this country overwhelmingly does not want. stuart: steve is firmly back in the trump camp. what changed? we'll find out next because he's on the show. ♪ trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop
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stuart: the new hampshire primaries are next tuesday and nikki haley wants to pull off a surprise victory. alexis is in new hampshire for us. alexis, could nikki haley get support from a third party group? reporter: hey, stuart. nikki haley is focused on the ground game here still in new hampshire. no labels, which is the nonpartisan group is trying to attract her saying they'd be happy to have her but she's still trying to beat trump here. >> she's one obsolete poll to use about two months old where she was leading biden. those days are gone. she's not leading biden anymore and the problem is the democrats
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want her to run desperately so they have a lot of democrats signing up in new hampshire but i don't think it's going to matter. reporter: democrats cannot vote in the gop primary in new hampshire and only undeclared and republicans can. they had till october to switch party affiliation in time for the first in the nation race. trump going after haley is not a new tactic and gold medal and main message is he's warning voters she's getting support from democrats. haley tells me she's feeling confident in the ground game and believes america wants to move in a new direction and younger direction for the white house and haley is sick and tired of trump lying about her record and has always been a conservative. >> trump said something and doesn't mean it's true. he had a temper tantrum in the rally and he's saying i was never for the border and i was a governor that passed toughest illegal immigration laws in the
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country. reporter: trump sits at 52% and two points higher than earlier this week and haley dropped one point sitting at 35 and that's a daily tracking poll. we'll keep you updated as that continues back out here live and we can tell you across the state there's still more events and desantis went back to florida for one night and he's here on the ground again. also trying to gain support, stuart. stuart: good, thank you very much, alexis. now remember when former trump-appointed campaign adviser steve cortez anno announced thin our show. roll tape. >> i'm backing governor ron desantis for president and just joined his pack as a line pack and never back down and the idea of a re-mash and re-mash of biden versus trump and the crown i did overwhelmingly does not want and we know the ending. and well, well, steve cortez is
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here and you're back. you've got to tell us why. >> i don't relish coming on and staying on national television that i was wrong. but i was wrong and i think it's important when the facts change that we be willing to change our minds. and clearly the american speed people have spoken overwhelmingly and both in polling and real live voting in iowa they viewed republican voters with donald trump as indisputable warrior and leader of the america first movement and on the ground which i thinks changed and nothing knew at that time and maybe in may when i spoke to you in new york and one sham indictment and alvin bragg and donald trump and there were three more ridiculous indictments to come and those indictments rolled along and you well know republican voters rallied to donald trump.
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understandly so realizing he was being persecuted as a sitting american president removing his opponent from the field and putting his opponent in office, something that has been unprecedented and totally un-american and that's a big part of what has been a driver of the american first movement of voters around this country. country to president trump's side and that's imperative that cheryl: congressman candidate -- whichever candidate you support in the primary and imperative for the party and movement to unit and coalesce behind president trump who will be the gop nominee and we need to devote all of our attention and resources to winning with president trump in the fall. stuart: i think he's going to be the nominee. that's for sure. not for sure but that's what's going to happen. trump appears to have changed his tone and that's my opinion from seeing him in various tv interviews. is this a deliberate new strategy? >> i think it is, stuart. yes, and i think you're right by the way. listen, i'm calling for unity
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and i'm echoing president trump himself and very magnanimous in his victory speech and belittling his opponents and calling for victory and that was to me a call to the movement and to the voters and other candidates and donors and activists and to everybody that our enemy is not internal, we don't have the luxury i don't believe anymore of internal division and strife. when this decision has already been made on who the nominee is going to be and our opponent, enemy of american security and prosperity is joe biden and his allies. we need to gird ourselves for what is going to be an epic battle in the fall and to do that, i think it requires unity now. i don't believe any of these other candidates and enormous respect for desantis and he's the best governor in america and may well be president some day, but the other candidates don't have a viral path right now and that's time for us to unify.
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stuart: thank you, steve cortez. donald trump has not announced who his running mate would be but there's one name making headline this is morning. ashley, who are we talking about? ashley: yep, that would be congresswoman elise stefanik of the hard charging conservative from up state new york. her potential at trump's running mate has been on the rise after grilling three university presidents of that congressional hearing about anti-semitism on campus but insiders say stefanik has been on trump's radar long before that hearing in particular for her loyalty to the form of president and for her ability to drive the news on key issues. in 2019, she served on trump's impeachment defense team and backed his efforts to overturn the 2020 election. stefanik by the way declined to comment on whether she'd be interested in being trump's running mate and hasn't ruled it
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out either. there's that, stu. stuart: okay, got it. back to markets, please. gaining a little more ground now. there's a nice gain at opening of trading and sold off a bit and coming back again and dow is up 170 and nasdaq up 98 points. coming up. another public event and another embarrassing gaffe for biden. watch this. >> i want to mention congress for its endeavor and she couldn't be here actually. that's not true. i got it mixed up. stuart: this is just my opinion there's no way he can be president for another five years. that's my opinion. adam schiff, very likely to be california's next senator and he will bring radical policies to capitol hill. steve hilton is our california guy and ask him what he thinks of schiff's very far left ag agenda. he went to harvard. ♪
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stuart: dow up 170 and nasdaq up 100. big tech should be doing well and all of them are.
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al wow. get, amazon, app and will microsoft. real close to $400 a share and amazon 153. 10-year treasury yield despite the tech up 4.16%. as of bitcoin, earlier just above 40,000. that's where it is now. 40,500 per coin. >> a new poll shows overwhelping majority of republicans would be satisfied with trump as the nominee in november. ashley, what does that mean for the remaining candidates? ashley: doesn't do much for the confidence and shows trump with 75% and ron desantis 64% and nikki haley with 64% and song perform mansion in iowa and trump facing a tougher fight in new hampshire and haley is rising in polls and endorsement of key figures and i cans sununu and trump said the favorite to win the granite state by healthy margin and by the way, the poll
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also shows that 80% of publicly aligned adults see the republicans being a chance of elections and ron desantis just 9%. stuart: thanks, ash. now this, it's happened again. president biden gets confused in the middle of the speech going from north carolina. roll tape. >> he's off for his endeavor and that's the picture taken with me. that's probably why she left. she couldn't be here actually. i got them mixed up. she has -- she fights very hard for the people of this district and that's right. stuart: sorry, folks, i find that painful to watch. steve hilton is with me this morning and the president can't handle another five years in office. what do you think?
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>> look at state of our country and economy and the world. the whole world sees that painful spect cal and that's why you have all these dangerous and chaotic situations. stuart: steve it's getting worse i think. stuart: almost daily you can see the decline. >> you're right and another way of thinking about it and it's even more relevant know and that's what he's like in public when he knows he's got the cameras on him. he needs to try and project something and president of the united states. imagine what he's like in private when he's supposed to be making the decision and that man he saw and try and chair the meeting being in the national security team and going around the world and taxpayers layoffable to contemplate it and it's obvious and he can't possibly be in charge and
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democracy can't undermight be the area and we've got nearly for a year to go and better situations around the world and it's appalling. stuart: wall street editorial board and going to win a california senate seat going for all kinds of radical stuff and he want as national right to abortion and corporate tax rate and universal basic income and wants to pack the supreme court amongst many other things and a california guy, do you have any doubt the chip will be indeed the next senator and he's from california and they love this leftist stuff. >> well, he's in the primary and pandering to the hard left and activist that will most likely turn out in the primary and this is the hard left wish list and includes getting rid of filibuster and they can add
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extra states for the permanent democrats in the senate and whether they can pass all the hard left policy agendas and here's the thing. looks like the primary in the sense he's ahead of his progressive rival katie porter, another member of congress from orange county. he's in poor position and really exciting news the republican candidate is moving into second place. that means you'll have a contest, not as the democrats want between two democrats by the way these are the people that lecture us all the time about democracy and they're upset that they may not have two democrats in the general election. if you have a republican steve garvey and you'll have a real choice come november. we have the worst outcomes in the country and highest taxes and worst poverty and lowest literacy rate in the entire country, crime, homelessness, on
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and on. actually i think you could have a real contest and shift shouldn't take it for granted he becomes the senator and awfully like he's going to be the democrat making it through the primary. stuart: it's nassau county nating and hope for california i do believe. steve hilton, thank you very much indeed, sir. see you soon. now this, a team of tech billionaires want to build a ewe taupen city in california. ashley, what would it look like? ashley: utopia, called california forever and it's a billionaire-backed project and build ago new city in the solano county area and near the bay area and incorporated in the bay area and according to the website and newly released map of the city and new scene of gentrified harmonny and middle class homes and safe walkable
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plan up to now being met with significant pushback in a series of town halls and mostly disastrous and can change with them 15,000 jobs and two locals that will pay at least 125% of the average weekly wage and sending up $400 million fund to help kern county residents in the new community. it's all planning stages of the month and needs to require that and in order for it to appear on this year's ballot and billionaires behind this include mark andresen and maureen jobs, late wife of steve jobs. stuart: the book executed by henry viii because he wouldn't agree to henry's divorce.
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i wanted to pull it out of the hat and ashley, your chance to own a piece of sports history and the rookie card and patrick mahomes used jersey for that and going up for auction and ken is next. ♪ i love your dress. oh thanks! i splurged a little because liberty mutual customized my car insurance and i saved hundreds. that's great. i know, right? i've been telling everyone.
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with a 99% cure rate. plus, there's no cutting, no surgical scarring and no downtime. the results are absolutely fabulous. see why so many people, including doctors, are choosing gentlecure. call today or go to gentlecure.com. stuart: ken, welcome back. i want to start with the m micky mantle rookie card. describe it and how much up for it. >> sure. this is the 151 -- 1951 bowman
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and getting a rookie card very special and mickey mantle's rookie card holds a place that maybe only players like babe ruth we'll be expecting $300,000 or more for the card stuart: what kind of person would buy this? a collector or someone running a museum? >> the cards are less museum typically it's serious collectors. there are some investors and of course in trading cards and there's a lot of investors i would say but it is a lot of collectors and this card happened to be graded by psa and they have this competition like these registry sets so people go compete online to try and get the best possible graded set. so that tends to bump up the prices on high grade cards like this.
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stuart: that interests me, a lionel messi rookie card. >> this is from 2004 but it's actually quite rare. there are only 13 of this particular card in a psa10 grade and i'm sure we expect this card in the $275,000 to $300,000 range and throughout the world, only 13 exist in this grade and highest grade you can get. stuart: all right, american football and patrick mahomes signed. that's not a signed rookie card but a signed jersey. >> this is a signed rookie card and happen to have a jersey with me and this card is a one of one and product called national treasurers and a special patch
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card they've made one of during his rookie year and it's going to sound like i'm saying number $300,000 a lot but we expect this card to go in the vicinitity of $300,000. interesting thing about modern cards where as a vintage card like mickey mantle i have a high degree of competence. it'll be it'll be 300,000 in that range and a card like this stuart: i could be wrong about this. what are you going to get? >> sure. this is with all the dirt and see all the hit marks he took and what's particular about this and threw for four other touchdowns and that's the season of course and they wept onto beat the eagles in the 2023
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super bowl and excellent game by the best quarterbacks in the game in a super bowl for a year and i believe the bidding on golden.com today is about 100,000 and not surprising me if this approaches 200,000. stuart: a kobe bryant signed card. >> this is known as logo man card and it's called logo man card and has the actual nba logo taken off one of his game-worn jerseys and again the card is one of one and hand signed by coby and first year they invented these cards and it's extremely popular and we'll look at probably range wise 275 to 425 on this and what's interesting of course we cannot forget that february 24 is, you know, the, or the year of kobi. a lot of people selling kobe
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bryant items in that year and selling of kobe bryant 2, 8 and 24 for the jersey 28 and 24. the auction is live and it's our january leaked auction at golden.com and bidding ends a week from tomorrow and next one and all you need to do is go to golden.com and register to bid and check it out and while you're checking it out, you've got to watch my show. king of collectibles, golden touch on netflix. stuart: this is my show. you'retizing on my show here. ken goldin -- >> you appear on my show so we're all good. stuart: it's all good. thanks, ken, see you soon. stuart: more green than red and two-thirds the dow is up 120
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point-blank layupses about one-third of one%. don't go anywhere. friday feedback is next. ♪ you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change,
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♪ stuart: has to be seizure sinatr lauren who's a huge sinatra fan. feedback time. ashley, lauren, here we go. first to -- comes from jack. how old were you when you bought your first home? lauren, you're first? lauren: i think 33. stuart: ashley. ashley: 34 actually in nashville, tennessee, after moving around every two years. i bought a home for the first time in nashville. loved it. stuart: i was 28 back in san francisco back in the good old days, i tell you. this is from hank, friday, january 12 you discussed music
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preferences towards the indianapolis of the program. no mention of mesh's major barber shop quartet. where did that come from? lauren: social gathering places in the day in entertainment anthem? stuart: ashley, your wife is a musician. have you got a voice for a start? ashley: i don't. she's trying to teach me but, you know, you scare away all the wildlife and all the rest of it but she's a jazz singer for many years in london. she's a great singer. stuart: we should get barber shop quartet music on the show every once in a while. good stuff. this is from steven. this is about the tipping story, which we did today. i just bought shoes for my wife as a gift. the purchase was on an online store molly's shoes. i was prompted to tip at the payment screen. we'll talk about this. hold on. listen to this. it's from rick, many people don't know a tip actually is an acronym meaning to insure
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promptness. shouldn't be a no thought guaranteed money grab. a ton of you wrote in about bizarre situations where you've been asked to tip. preparing your taxes, getting car towed, even the chiropractor. lauren this, really bothers you, doesn't it? lauren: yes, but put it on the owners of all these places. stop allowing the tip screen. disable that. pay your workers more. seriously, pay your workers more because we should not be asked to tip everywhere we go every time we buy something. stuart: shouldn't tip online store. lauren: that's the best. stuart: classic. lauren: i don't know how hay got away with that. stuart: we've expanded tip to far too many areas. i want you the viewers, how would you tip this program? 15, 20, 25%? you know. we like big tips in this place. let us know varneyviewers at fox.com what is it? varneyviewers.com. thought there was a fox in
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there. this is from john, i know why ashley sniffs at medical examiner of elite schools. ashley went to state school in california and stuart graduated in elite london school of economics. keep sniffing, ashley. you're totally wrong. whatever your name is. there's nothing elite about london school of economics. it's the most proto-tarian university in europe hawaii do you say to that, ash? ashley: i'm sniffing but full disclosure, i went to a private school in england, which confusingly is known as a public school. i can't get into it. i'm not totally elite free. stuart: i'll remember that in the future. any comment at all, lauren? lauren: i say go to the best school you can get into that you can afford. i went on scholarship to all my schools. stuart: if your child got into harvard, would you let them go? lauren? lauren: i would. it still has a good reputation. stuart: this is from mark. what support do you like to watch and which one do you
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participate? i watch soccer and don't play any sport. ashley, how about you? ashley: soccer and i play golf. stuart: lauren. lauren: guess. stuart: guess? lauren: i don't watch any sports. hard to guess? stuart: got that one. what do you play? yoga? lauren: sports without balls. ashley: yoga. lauren: yoga, gymnastics. kick boxing. stuart: kick boxing. lauren: if there's no ball, i'm good. stuart: have we got time for this one? yes. i'd like to see you make a bet with lauren she can't keep a straight face when jimmy failla is talking to you. easy money and seem to be laughing while talking. that's true, lauren. you are. lauren: yeah. stuart: he's a comedian. unfortunately time is up but it was great today. thanks indeed.
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what's the average amount of time it takes for blood to circulate from the heart to the body and back to the heart again. 35, 40, 45, or 50 seconds? is it that fast? all right much the apps when we come back. answer when we come back. ♪ ..
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stuart: we just got some responses on how much you would to power program. from robin, we would give stuart 40%, lahren 75% and ash 50% for beautiful hair. we will never ask that question again if that is what you are going to do. for before the break we asked how long it takes the heart to circulate to the body and back to the heart again. 35, 40, that wouldn't surprise me, such a short time. a matter of seconds. you are first. ashley: if i am jogging, not fast enough. i go with number 2, 40 seconds. lauren: i would think 40 seconds as well. stuart: i will go for 50 seconds. the answer is 45 seconds. the beats 100,000 times a day.

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