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tv   Varney Company  FOX Business  June 11, 2024 11:00am-12:00pm EDT

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okay. they said that a.i. will be aware of your zeta, but it won't collect your data. does anybody actually a believe that? >> what they were hoping was a conviction of trump would be the game changer, and they're seeing it has not been the game changer in this race, the thing they were counting on. >> you should have, i don't know, effective border control like a wall, deportations, expedited removals and the wait in mexico policy. >> the country shack ran as a business to -- should be ran as a business to make money, to be profitable, to make all people living in the united states comfortable. >> the elites have dominated society from if every end of this world. they don't care about a illegal immigration. they've benefited from it. >> joe biden, his entire candidacy in 2020 was i'm not donald trump. donald trump is worse, right? now he can't say that a because americans are looking back with nostalgia for donald trump. ♪ if freeze frame ♪ stuart: what's this?
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put it up -- up on the screen? freeze frame -- >> j.geiles. >> it's actually joe biden's campaign song. [laughter] stuart: you're cruel, man. take a look at the market right now. the dow down 186, but the nasdaq's turned around. it was down sharply, now it's up. okay, 36 points but showing some green. show me big tech. primarily look at a apple. will you rook at that? it's at $203.58 per share. that's a new all-time high. it's up $10 on the day, up 5% following the introduction of the a.i. platform yesterday. investors now like it. they didn't at first, but they like it now. check the 10-year treasury yield, down a little at 4.45%. now this. i'm afraid it was another moment when the world saw our elderly
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president seemingly out of it. it was at an early celebration of juneteenth, june 19th, that's the day in 18655 when federal troops arrived in galveston, texas, to ensure all enslaved people were freed. biden didn't seem to know what was going on. he froze. look at that. this kind of thing is happening on a daily basis. anytime the president appears in public, every move he maybes, every word he speaks is scrutinized for signs of decline. the pundits are busy discussing when, how and at what risk he should drop out of the race. nate silver, he posted this: biden just hit a new all-time low in approval, 37.4%. dropping out will be a big risk, but there's some threshold below which continuing to run is a bigger risk. there you have it. get out or stay in. either way it's bad news for husband campaign. it's not a question of
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supporting or or supporting his policies, it's a matter of national urgency. biden's ability to do the job is already widely yesterday. it raises the obvious question of just who exactly is calling the shots, who decides what geese on -- goes on his note cards, who whispers policy in his ear? bind himself has created this column massachusetts he he refuses to face the reality of his decline. he clings to power. apparently, he thinks he's the only guy who can beat donald trump. so i'll conclude with the now-standard question, does anyone believe he can be president for another four years? third hour of "varney" starts now. ♪ ♪ stuart: jimmy failla with us this morning. you and i agree, i think, biden can't to job for another four years. but as nate silver or says, look, dropping out now would be bad, staying in would be worse.
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that's a dilemma. >> they've got to make him an offer. he's now the leading vote getter on trancing with the stars because he just zoned out. [laughter] maybe he's the lead role in the new disney if sequel to frozen. i mean, this is hard to watch. you can't be on the world stage and doha this. that's the bigger -- do that. you have to decide who you want to run the country. i don't believe joe biden is coming off the ticket. jill biden is clearly in love with the idea of being first lady and has a larger voice in the huddle than pretty much anybody, so it's essentially who do you want the president to be, donald trump or bureaucrats that are unelected and unaccountable in washington? everything's been some type of a mandate or an edict from a basement somewhere in the capitol. i do want biden to leave, but his defenders and joe himself continues to say this is a distraction that's just being peddled by his opponent, millard
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fill more. [laughter] i don't know. maybe the camp is playing bier i saw the video. i thought it looked bad. stuart: it's just an ongoing dilemma. >> yep. stuart what is he going to do? >> when you see "the new york times" fact checking him, they understand, okay? they don't want to own this, but they realize the time to get him out is now. like, if it's not now, i mean, you know, they've got a real problem on their hands. stuart: another one for you. of they've got this new gallup poll, and it shows more people identify as socially liberal than consider rate or -- conservative or moderate. you think republicans, therefore, need to change their messaging? >> no. i think you have to stand for something, meaning your principles are your principles. and even if they're not popular in a given news cycle, you know, i think what was born out over the course of the last four years is liberal principles like defund the police might have been trendy in the short term, but they certainly weren't viable in the long term.
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look at new york alone. my family was going to come here this weekend, we told them to go someplace safer like baghdad. okay? the people who stood their ground behind the police are right. and in the long term, we'll see the benefit of that. i think you're supposed to stay the course because that's true leadership. knotts about a read the -- it's not about a read the room, it's about a lead the room. stuart: are you familiar with the comedian bill burr? >> oh, yeah, he's good. stuart: this is the first time i've heard of him. he reportedly told students at uc-berkeley that he hates lib liberals. he says they're hip crates -- hypocrites that never do anything. >> liberals are not activist, they're slack-tivistss. they take on causes that are trendy, you can tweet it from your phone, post it on instagram, go to the rally on the quad, but what has been accomplished in take it back to the summer of 2020, what did we do? if we got rid of aunt yes mime
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ma? that was the answer to all the black community? all that did was take a black family that was getting 130 years' worth of royalty checks and cut them out of a payday because some woke white kids were, like, the pancakes are racist. so there went mrs. butterworth, and my man, uncle ben, is out of a job too. what improved? nothing. so bill burr is right. stuart further okay. jimmy, thank you very much, indeed. we'll be watching you on saturday night. this just coming at us, the jury has reached a verdict in hunter biden's gun trial. we're aa waiting more. hunter is going back into the courtroom. we'll bring you up to speed as soon as we know a few more details, but they've reached a verdict, and we're going to be dealing with it. let's bet a -- get back to the markets, mike murphy with me for the full hour. you say there's a lot of of pessimism in the markets. you think these so-called experts are just being too negative? i know you're going to say
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question because you always like the market. >> well, i this i have a hundred years of history to back me occupien -- up on that. so many people have come out recently and i've read so many things the that talk about how it's not sustainable, how the market is overvalued is, how the fed is never going to cut interest rates, therefore, we're doing for -- due for a correction or maybe a crash. people always have to say that, and we will go through a correction at some point in the markets, we always have. but the place to be for the people watching at home is to be invested in the market because it's never failed you once in history. stuart: because the people watching this show are largely buy and hold as opposed to buy, trade, sell, trade, etc., etc. that's not really our audience, i don't think. >> no, but i think that a audience has kind of gone away because i think people realize that when they're trading -- there's very few people that can actively buy and sell securities, stocks and and profit from, make money from it. but anyone who buys and holds in
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history, nobody has ever lost money doing that. stuart: just to be sure we with all know ma -- what's happening here, that's the courthouse in wilmington, delaware, the jury has reached a verdict. next on finance, nvidia, will they surpass microsoft in value? what do you think? >> well, apple has something to say about that now. i think they were tired of being third mid billion, and all of a sudden this move out of apple today, they may be the company to surpass. but really, the three of them, stuart, and apple now jumped into this growth story. so the a.i. growth story is what has pushed nvidia, what has been pushing microsoft and all of a sudden apple's in there as well. this is kind of a three three-horse race at this point. stuart: the three of them together are worth more than $10 trillion the. >> it's amazing. but they have the personnings -- earnings to back it up. stuart: produce -- okay. ashley, you're looking at some of the movers on the market. first of all, paramount what's going on there, please?
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>> dis'd deed, i am. -- indeed, i am. looking for partners on paramount+, their streaming service. it comes as the company continues to hunt for a sale. they have reportedly received a great deal of interest from potential partners. also keeping an eye on krispy kreme. i do this every day. they just added doughnut dots. just think of munchkins at dunkin' donuts, a doughnut hole. i'm going to try the each one to give my verdict, back to you, stu. stuart: thanks, ash. to repeat for our audience, the jury has reached a verdict in hunter biden's gun trial. we're awaiting the details. hunter is going back into the courtroom as we speak. more "ny" after this. more "varney" after this. voya helps you choose the right amounts without over or under investing.
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stuart: the judge in the hunter biden gun trial has announced that the jury has reached a verdict. hunter is back in court. james and valerie biden walked in as well. we're waiting for the verdict to be read, and we'll bring it to you when it happens. ironically, president biden is giving a speech on gun control at a 1:30 this afternoon. right about the time when we get the verdict or right after we get the verdict from the jury in the hunter trial. now this, a senior hamas official says the group has accepted the u.n.'s plan or plea deal. no, for a ceasefire deal with israel's secretary -- with israel. secretary of state antony blinken calls this a hopeful sign. alex hogan joins us. does israel support the u.n. resolution? >> reporter: hi, stuart. well, u.s. secretary antony
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blinken says that he talked with israeli prime minister benjamin netanyahu last night who reaffirmed his commitment to this plan. blinking today met with -- blinken today met with other top leaders in tel aviv where he again affirmed the importance of following this three-phase proposal. hamas says there are points in the resolution that it does not accept, but the main as aspects are positive. blinken, however, says mediators are still waiting on official word from hamas leadership on the ground in gaza. now, in the past israel has said it would only green light a temporary pause in the fighting until hamas is defeated. hamas has said it would only move forward with guarantees that the fighting is over. now, all of that being said, conversations are still very much underway, and this proposed ceasefire will continue as long as negotiations for this first phase are still underway. now, later today secretary of state blinken travels to jordan where jordan, egypt and the u.n.
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held an emergency humanitarian conference for gaza. there's a lot of ongoing talk there about a the importance of striking this peace deal, but there's also urgency on acting even faster. >> i humanitarian access cannot wait for a ceasefire and cannot be subject to the political agendas of any party. >> reporter: so there have been months of talks to broker a ceasefire, stuart, so there is a lot of anticipation as to whether hamas and israel will actually put this into action once they, hopefully, agree to those terms. stuart? stuart: alex, thanks very much is, indeed. let's got hunter biden trial. okay. we've got the verdict are. guilty on all charges. that's just coming at us. repeat, guilty on all charges. now, that -- it didn't take them long to reach that verdict. they went to consider the
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verdict late yesterday. they've been in business now for a couple of hours this morning, and they do have a verdict, and it's guilty on all counts. now, we're going to wait to get some comment on this from various political divisions here in america. see what impact it has on the biden presidency. and, by the way, as we said just a moment ago, the president will be speaking on gun control later on this afternoon, and his son has just been found guilty on all a charges in his gun trial. more on this as it develops. we'll be back to it, for sure. meanwhile, i'm going to bring in retired lieutenant general keith kellogg. general, we're talking gaza, we're talking israel, we're talking the hostages. do you think the end of the war is in sight? >> stuart, thanks for having me today. no, i really don't. i mean, this thing is going to take a long time to get resolved. this thing about the hostage a, you see what the israelis did this weekend when they rescued
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four. remember, there's still five americans alive as far as we know, because originally they took eight americans, three are now dead, and they're trying to figure out how to get this thing resolved. and then you have the u.n. security council resolution which i think will go nowhere because they're trying to go back to the status quo antia bell lumbar, in other words, everything that was before the war and back to a two-party state with palestine and with a palestinian state and israel. and that's not going to happen. that all a ended on the 7th of october. there's a lot of talk, but i don't really see a lot of this coming fro if -- to fruition. it's a little bit frustrating because we keep pushing the israelis to do manager in their hearts they don't want to do. they want to get the hostages out, but the fight's not going to stop. -- fighting's not going to stop. stuart: i want to show our viewers the dramatic moments four hostages were rescued from inside gaza. you can see it. is this, general, is this a case study on how to handle hostage a
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situations or how not to handle hostage a situations? if what's your judgment? if. >> you know, it was perfect, you know? that is equivalent to our fbi hrt, the hostage rescue team, that we have. it's a police unit. t not a military unit. and they did a textbook attack on how they want to do for the intelligence to get in. here's something you immediate to realize, two things that that caught my eye. one, the leader of the assault force which is the commander, the director, was killed in the action. that means he was leading from the front. that's where he was supposed to be s. and you'll also noticed they bypassed a lot of civilians. in other words, they put them on the side, made sure they weren't shot and went to get the hostages. it was very good with fire discipline that we saw. this is what you want to see. they had to have pretty good intelligence to do it. and i think, you know, when you look at it, people ought to be appalled they were actually held inspect home of an al-jazeera
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journalist. that should make everybody upset about journalists covering for and having hostages in their homes. stuart: general, thanks very much for joining us, we always appreciate it. i want to go back to the hunter biden gun trial. the jury has announced it has reached a verdict, guilty on all three counts. first lady jill biden just walked back into the courtroom, and that has just happened. just arrived here. mike murphy' with me this morning -- murphy's with me. do you think there's any implication if he's guilty on three counts, any implications for the biden presidency because of this? >> i don't think so, stuart. you know, we covered it, a lot of what is going to impact the biden presidency, i think, is him freezing up in front of the live cameras for the world to see. i think this part of it, i think the u.s. people are just looking past it at this point. the evidence was overwhelming. so i think it would have been a bigger story if the jaw somehow found him not guilty. he's guilty, we move on. now we need to find the person
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who's going to be the best leader for our country in november. stuart: got it. we'll have more on this, of course, as the day progresses. we'll have an attorney on the phone very shortly to tell us exactly what what these guilty verdicts mean. also coming up zoom wants to use a.i. to create digital drones to attend -- clones to attend online meetings for you. we'll try to explain how that's going to work. economist harry dent says our massive spending has feud a massive economic bubble. he says when it bursts, it will be worse than the crisis in 2008. we'll see if economist peter morici agrees with that. next.
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stuart: preeting the news we brought you at the temperature of the hour, the judge in hunter biden's gun trial has announced the jury has been found guilty with on all three counts. to repeat, the irony here, president biden will speak about gun control later on this afternoon. we'll bring you more on this as it develops. yahoo! back to the markets. we still see plenty of red ink for the dow industrials. we're off 214 points there, and we've got a smaller decline for the s&p 500. the nasdaq actually has moved to the upside. mike murphy's with me, or and he's brought with him, fortunately, some stock picks
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which have been very good in the past. netflix. >> netflix. so if you look at them here, stuart, it's about 644, down from a recent high of 660-670, i think they have a lot of pricing power, and now they're getting -- the knock on netflix has been no live sports. now they have live sports, they have a deal coming with the nfl, so this is going to to get them more subscriber, it's going to enable them to increase revenue. i think it's a $280 billion market cap, i think there's a lot of upside. i think it'll hit $1,000 a share. stuart: well, that caught our attention there. it's 645 now, $1,000 a share a by when? >> it's tough to say. if they get everything right, it'll be, you know, within the year. i think this is a company that you can own because they have the ability to generate revenue in so many different ways, and really, you look at the other streaming providers, they're falling by the wayside. they're looking to team up with each other. netflix if is the clear winner here. stouter stuart they're safe, in
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other words. planet f why do you like them? >> the stock came down to the 50s because they were allowing any gender the use whatever bath bathroom, and members had complained. that's blown over. i think management handled it -- at the time, we said if they handle it properly, there's a lot of upside. it's gone to the low 70s, but they just came out and raised price, to is a lot of analysts said, okay, they're generating more revenue, the customer's going to stay there, they're not can a selling memberships, it's just more revenue to the company. similar to netflix but with, remember, they're the winner in the space, so there's a lot more upside as well. stuart: thanks, mike. now this. the federal deficit was $1.2 trillion just in the first 8 months of this fiscal year. that's according to a new congressional budget report. grady trimble with us now. grady, how much has the deficit grown compared to the last fiscal year? >> reporter: stu, the deficit is $38 billion bigger than it
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was a year ago and growing. the congressional budget office says the 2024 deficit will be larger than it projected earlier this year. in particular, it says, spending this year is now anticipated to be greater than previously projected. contributing to that outcome are additional costs that have not yet been recorded stemming from administrative actionses associated with student loans and from legislation providing international assistance. interest payments on the national debt now higher than the u.s. defense budget and more than spending on veterans, education and transportation combined. president biden's critics say his pending is adding fuel to the -- spending is adding fuel to the fire, but they acknowledge entitlement programs are a huge part of the problem. >> quite frankly, there's a plague on both republican and democrats' houses for allowing this type of spending to continue. but it's not, you know, in so
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many ways it's not the discretionary budget, it's refusing to deal with the entitlements, it's refusing to deal with social security, with medicare, with medicaid. these are the things that are ballooning our debt. >> reporter: and the committee for a responsible federal budget is calling out both president biden and former president trump for promising to keep entitlements in place even though social security is, quote, still on track to face insolvency in less than a decade with medicare not far behind. the president of the committee for a responsible federal budget, maya macguineas, is calling for a stop to any if new borrowing though, stu, i don't expect our elect leaders will heed -- elected leaders will heed that warning. stu? [no audio] stuart: -- a stock market crash worse than the 2008 crisis. roll tape. >> thanks. something happened with my -- [inaudible] at the end.
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>> extra money forever might actually advance the overall economy long term. but what we'll only see when we see this bubble burst and, again, this bubble's been going 14 years instead of most bubbles 5-6? it's been stretched higher, longer, so you have to expect a bigger crash than we got in 2008-9. stuart: well, there's an interesting forecast if ever i heard one. the gentleman on the right-hand side of the screen is peter morici. he's an economist, and and he joins us now. harry dent has been warning about major league crashes for most of his career. how do you see this bubble? >> well, first of all, i don't see a stock bubble at all. the companies that are driving the s&p and the dow up, well,s the s&p up, are basically companies like nvidia that are generating a lot of profits and growth. this is not some hype. these are tangible companies like microsoft and apple and so fort. so forth.
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every year or two somebody fairly prominent comes out and says the world's going to come to an end, and every 10-15 year years something happens, so everybody lionizes them as a great forecaster. name me somebody who's gotten two in a row. stuart: no, i can't. >> no, you can't. it's not the sort of thing i like to do or like to see. stuart: i want to go back to something you said last friday. you were on the show right after we had the jobs report, and you said, and i'm quoting now, we are clearly putting 100,000 illegal migrants to work each month. repeat that, please, because that came as a shock to a lot of our viewers. >> okay. well, look, we created over 2700,000 jobs -- 270,000 jobs last month. the economy is at a full employment by any reasonable measure. in fact, some people are dropping out of the labor force. and we know that a from indigenous population growth and legal immigration we can only general rate enough workers to -- generate enough workers t.
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where are the rest coming from? it has to be the illegal migrants. basically, they're getting jobs some way or another, they're getting to work. and when we call employers up and say how many people do you have employed, they give them a number. they don't say whether they're legal or not, they give them a number. we've also a had other federal agencies conclude the labor force is much larger than the bls population survey indicates, and that makes sense because if you get called up by the census bureau, are you going to admit that the you have illegal alien ins in your household? stuart: peter, i'm afraid i are to cut you off to bring you late developments. our viewers just saw i hunter biden walking out of court. he has been found guilty on all three counts in the gun charges against him, all three counts, guilty. joining us now is attorney katie cherkasky. katie, are you surprised by the guilty verdicts? >> absolutely not. the verdict of guilty was the
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correct verdict based upon the facts that were presented by the prosecution. it was overwhelming that hunter biden was using drugs before, during and after the time of the gun purchase which was the sole question that the jurors had to answer. stuart: what was a possible sentence for this? he's not likely to go to jail, is he? >> well, in this case, because it is a first-time offense, it's a nonviolent offense, he does face jail time, but he may not actually receive any sort of incarceration under the federal sentencing guidelines. but the bigger concern for hunter is that now with this conviction as he goes into his tax case which he faces much more significant jail time there, he will be a convicted felon at that point. so that could significantly expose him to to actual incarceration in that case if he's convicted. stuart: there is irony here in that president biden is going to be speak about gun control at about 1:30 eastern time this afternoon. that's kind of ironic, isn't it, katie? [laughter] enter it's very ironic, indeed.
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this entire case has been a bit of an interesting perspective for the democrats, you know, with the gun control and the statute that was used here against the president's own son. so it's certainly interesting. he could still pardon hunter. he says he's not going to do that, but i think after the election we'll see how that ends up plague out. stuart: katie, thanks very much for jump,ing on at a moment's notice. we appreciate that. hope to get more later on. we are, indeed, following the latest hunter biden verdict. we'll bring you all the latest headlines. there will be more "varney" after this. daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot
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what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. stuart: if you're just joining us, hunter has been found guilty on all three counts. hunter and his family have left the court. david weiss, the man who brought the whole case, he was not in the courtroom when the verdict was read. joining us now is an attorney, mark eiglarsh. always good to see you. people are saying, look, they're
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not surprised at all by the guilty verdict. are you too? >> yeah. no, not surprise at all, because the government had overwhelming evidence that he was abusing crack cocaine every 20 minutes around the time that he was purchasing this gun. and, you know, the argument a made by the defense was a valid one, but the jurors didn't buy it. and that was, well, i'm not using right now when i'm purchasing the weapon and, well, regarding being an addict can, i don't consider myself one. and maybe at the time he was in deep, deep denial about it, but 12 jurors unanimously rejected that defense. stuart: what would a sentence be? it's highly unlikely that he goes to jail on this, right in. >> well, he shouldn't. i mean, the government recommended that the charge be dropped and that that he plead to the tax evasion charges. the judge just wouldn't have it. so how now can the prosecutors turn around and ask for a
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lengthy prison term when they were prepared to drop the charges? that would be intellectually dishonest, i think. stuart: there's an interesting juxtaposition. hunter not likely to go to jail in his gun trial, but trump possibly could go to jail for violating business records. that's an interesting juxtaposition, isn't it. >> that's a fair way to look at it, yes. you know, air spot thing defined justices like cases being treated alike, although the truth is every case is so doggone different, uni? stuart: do you think trump will go to jail? >> well, it depends. i -- no one really nose. he shouldn't. most 77-year-old nonviolent offenders in that jurisdiction do not, so i hope that he doesn't. i hope that nobody does that just to send some type of political message. i expect him to not go to jail. stuart: what's the standing, what's the status of new york's
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judicial system, bearing in mind the charges against trump and the guilty verdicts on bookkeeping errors? >> most people don't go to jail for that the. they just don't. and i don't think that you should start with manager like that now. now, there's something called a trial tax meaning judge, they don't say it publicly, but they will impose a greater sentence because you put them through a jury trial. the message to all those other people considering taking a plea is that if you go to trial or, you're going to get punished more than if you'd just taken the doggone plea. [laughter] they do, judges do issue trial tax. stuart: back to hunter for a second. he still faces tax charges, doesn't he? which i believe are perhaps more serious than the gun charges. is that correct? >> he does still face those charges. and what i suspect, assuming the judge will have it, is that whatever he's sentenced to on the gun charges, perhaps he could plead guilty to the other charges and run that
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concurrently, whatever sentence he gets. stuart all right. attorney mark eiglarsh, thank you for joining us this morning. >> my pleasure. stuart: check those market, please. plenty of red ink for the dow industrial, down 200, but a modest, tiny bounce for the nasdaq. in fact, up by 5 points. coming up, the "wall street journal"'s allysia finley is here to tell us what impact the hunter guilty verdicts will have on biden's presidency. that's next. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪
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for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. stuart: this broke moments ark hunter biden has been found guilty with on all three counts in his felony gun trial. we're told he was smiling when the verdict was read. joining me now is allysia finley from the "wall street journal" editorial board. what impact could this verdict have, a guilty verdict for hunter, what impact on his father's presidency? >> well, i think, for one, it distracts from the democratic message that donald trump is corrupt. and i think this is actually, it helps donald trump in thatment respect. i think there are also going to be a lot more oversight hearings in the congress related to hunter biden. i think this is just the tip. i think there was also more about a his business dealings and that's being charged in
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l.a., but this definitely hurts him politically going into the 2024 election. stuart: back in 2020 biden, president biden said his son had done nothing wrong. and now going into the first debate, we're going to have on one side a convicted felon and on the other side the father of a convicted felon. this is a remarkable situation. finish. >> right. and i think joe biden made a mistake by, in part, politicizing the justice department by even making that that statement. he was kind of leaning on merrick garland not to bring charges. that kind of blew up with the special counsel and the pleadings. so i think, as you said, this is an unprecedented situation, but really hunter biden's guilty verdict really neutralizes the issue for democrats going into this election. stuart: do you expect to a hear anything from the president today? he's scheduled to speak about a gun control this afternoon.
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>> it's certainly ironic. but i think he'd probably say, well, i support and love my son very much, and you may hear that he plans to -- hunter plans to appeal. stuart: i want to move on to your new piece in the "wall street journal". it reads, who has the president's ear? all the president's donors. okay, so it's donors who are running the show? it's donors who are the people behind the curtain whispering in the president's ear? is that it? >> i think there are certainly many exampleses. you had "the washington post" report that came out last friday that george clooney contacted biden to complain about the fact that the administration is considering sanctions on the iccc for its request or arrest warrants for israeli leaders. and after that, well, what happened? well, the president opposed the house -- [inaudible] and i think there are some other examples of this, and it's not
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just that he's done favors for the labor union, it's going to be in discreet cases where he's intervening. i think that is much more slimy than, for instance, when the left made much ado about donald trump at a fundraiser or telling executives i'm going to roll back climate or roll back oil and gas regulations. here biden's actually, in a sense, letting a hollywood donor if direct foreign policy. and, again, in business disputes between private company. in my piece i wrote about an sec decision to basically block an acquisition on behalf -- or seemingly on behalf of byron allen, a media mogul who has donated millions of dollars to democrats. and and interestingly, nancy pelosi weighed in on his behalf, and five days later byron allen gave a $250,000 donation to the house majority pac. [laughter]
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stuart: a telling story right there. nate silver, political columnis, but a commentator, i guess, he's a pollster too. nate silver has floated the idea that biden should drop out, but he makes the the case at that the risks of him staying in are just as a great as the risk of him dropping out. so heads, you win. tails, you lose. what do you make of that? >> well, i think there's a lot of talking and whispering among democratic circles that biden is a liability. but how you portion the sitting president to drop out of the race, it's very difficult. i think some are trying to put pressure on jill biden to say to her husband, hey, maybe you've had a great 4-year run, do you really want to tarnish it with another 4 years that may actually be potentially disastrous? and i think there are a number of reasons for that. i think they're trying to cajole biden out of the ace by appealing to his own -- race by
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appealing to his own legacy. stuart: the hill says there are reports trump's concerned about political vengeance if he gets a second term, suggesting he could go after his to poneses if he wins re-election -- his opponents. is that what voters want? >> no. they voted for joe biden in 2020 in part because they thought he was stabilizing and a statesman, and what you got was the opposite. joe biden and the biden administration went after his opponent. you also a saw a recent letter or a recent letter from senate democrats urging the justice department to bring criminal prosecutions against oil can and gas companies. you're hearing the left urging more prosecutions of bank executives. so actually, i would think voters are more return, to have concern about a second term with the biden administration prosecuting political opponents than a second trump administration. stuart: fascinating. alicia a finley, "wall street
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journal" editorial board, thank you very much for being with us. see you again soon. the democrat national committee just announced they are investigating -- sorry, investing in nonbattleground states. that's interesting. ash, how much and why are they doing this? ashley: merely $2 million -- nearly $2 million to state parties in 11 non-battleground states. they're going to do it, today say, it's good news for investment for on the ground organizing. data infrastructure and vote or turnout efforts. who gets the money? if maryland, texas, colorado, indiana, kansas, minnesota, nebraska, new mexico, south dakota, utah and washington. whew. it's going to target high profile races like the u.s. senate contest in maryland, but it's also going to do things like get out the indigenous voters in places such as south dakota and also mobilize residents of apartment buildings in minnesota. so there you go, spreading the wealth in those non-battleground
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states. stuart: yeah. the non-battleground states are supposed to be so democratic they can't lose. but because trump did well in new jersey, for example, they're forced to put resources in knop-battleground -- ashley: panic button, yeah. stuart: ash, thanks very much. it's time for the tuesday trivia question. we're all a going to play. listen to this. [laughter] how many tons, repeat, tons of plankton do blue whales consume each day? 4, 8, 12 or 16 tons? they're very big, those whales. >> they are. stuart: we'll be back with the right answer after this. ♪
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the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ >> repeated the political story of the day, hunter biden has been found guilty on all three counts in his felony gun trial, more importantly your more seriously for him, his tax trial starts september the fifth it's worth noting that president biden is to speak about gun control later on today, before the break, we asked this extraordinary question how many tons of plankton to blue whales consume each day, repeat tons, four, eight, 12 or 16, what you
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got? >> even for is a lot, for some reason i went straight to the number 312 tons a day. stuart: a modest diet. >> i know the guy that weighs the plankton and really go with number 28 tons per day. >> you know the guy, you do not. i looked up how big is a blue whale, is the size of a ten story building, therefore i assume it needs a lot of plankton therefore i'm going with number four, 16 and the answer is correct, well done stu, the answer is 16 tons, that is over 35000 pounds of food each day in the blue well is the largest animal to live on our planet. it's actually a mammal it is not a fish. time is up, ashley thank you for being with us, mike we will see you again soon, "coast to coast" starts now

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