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tv   Varney Company  FOX Business  August 7, 2024 10:00am-11:00am EDT

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♪ stuart: the pet shop boys? [laughter] i've gotta get out more. never heard of them. have you heard of them? lauren: i've heard of them but i can't tell you much about them. stuart: kevin o'leary have you heard of the pet shop boys? >> i have actually. you're just not hip enough. stuart: that was a put-down. it is 10:00 eastern time, it's wednesday, august 7. look at this. that's rebound territory, ain't it? the dow is now up 473 point which is happens to be 1.2% and the nasdaq is up almost 3%. bounce yesterday? nice bounce today. the 10-year treasury yield, well that's been going up, and it's up today 3.94%. lauren: that's basically where we started when we got the jobs report on friday. stuart: that's right. lauren: that sent the markets into a tizzy. stuart: and it actually went down to 3.78 and now it's right back where it was 3.94.
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where's oil this morning? well there's tension in the mid-east still only at $74 per barrel. bitcoin modest recovery there looking at 56, 900 and that's the markets and now this. kamala harris and her vice presidential pick tim walz made their first joint appearance last night. the crowd loved them. the democrats are breathing a huge sigh of relief. they've successfully put aside an aging president and emerged with a youthful team. two weeks ago the party was in the depths of despair. this is the early days of a honeymoon. but the most important point here is the media. they are going overboard for kamala and tim. why? because they hate trump. ththey want to make harris an wz winners no matter what. the new york times, a chemistry seems to be developing between
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kamala harris and her new runningmate. another one from the times. democrats have needed someone like tim walz for decades. then there's the washington post. tim walz made weird happen. what he offers the ticket is much more. it's a love fest and the media will run interference for the next three months, making sure the harris walz campaign stays on the hate trump message. one last point. there was no mention of president biden last night. his name was not mentioned even once. the democrats are off to a fresh start, adoring crowds, supported media. the aging president whose that been seen in public for a week successfully cast aside. second hour of "varney" just getting started. governor mike huckabee is with me this morning. the media doesn't care what the policies are.
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my question how long can they keep that up for? >> not too long. i agreed with everything you said except one thing, stu. i have to call you out for it. you talked about this being a youthful pair. they are both 60 years old. stuart: youthful to me, man. compared to guys like you and me, so let's just be honest. it's not exactly like a youth movement coming up. they're five years away from medicare, which they want for everybody. now, i think it's going to be problematic for them because the press though, they give them a tongue bath everyday. at some point they have to start asking questions. kamala harris is now 17 days into her coronation as the very un-democrat l nominee and she's yet to answer a question, hold a press conference, or conduct an interview. i'm not sure how long that can go, although let's face it. what you said i think is most important. the reporters mostly in america, they hate trump more than they love america, and i know that's
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a harsh state. it's just true. they just hate trump and they don't care what they have to do to try to keep him from being president, but it's up to the people of america to say press, you have lost your credibility. washington post says democracy dies in darkness. hey, they've long-since turned out the lights. stuart: i want to go back to harris, not holding a press conference. i think it's 16 or 17 days now. listen to what donald trump had to say about that. he was on fox & friends this morning. watch this. >> they're trying to build her up to the next margaret thatcher liberal version, and i don't believe it's going to happen. i hear she hasn't taken one interview. she would never do an interview like this. that i can guarantee, with any network. she doesn't do interviews because she can't answer questions. stuart: well trump has done several of these interviews and he just announced he's going to do a "major interview with elon musk" on monday. do voters care that harris doesn't do interviews?
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>> they will. maybe they don't right now because they are all just sort of waiting to see if she's ever going to come out with a policy position, but there comes a point at which the people of the country, voters, are going to say, what do you stand for? and the truth is, if they find out, they will reject her in huge margins, because what she stands for is let's codel the criminals like setting up the bail fund in riots in minnesota, she believes in open borders, in citing with the supporters of hamas, equally if not moreso than the supporter of israel. she's so weak on that issue and i just think a lot of americans are going to say, if bidenomics is killing me, kamala harris brings more of it. thanks but no thanks. i'll go back to the days of donald trump where i could afford my gasoline and groceries. stuart: we'll see how it works out, governor. thanks for joining us see you again soon, i do hope. now, look whose here.
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i think he's raised his voice before on this , but kevin o'leary is with me for the entire 10:00 hour. here is what you've been saying. kamala harris is so good at fundraising that she doesn't need to give interviews. >> i have said that. remember 18 days ago, she was completely got no press at all. fast for ward 18 days and she is a phenom within politics, in terms of how much money she's raised. now i'm a fortunate guy because i'm an investor, so i know the players, some of which are advising her so i was just on the drive up here stuart, i checked in and i said first of all number one, is everybody on board now that was trying to get the process instead of the announcement to the coronation and he told me yeah, we're done with that. this is working so well and i said when are we getting interviews? he said why would we do that now
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when we have the euphoric stage even beyond our wildest expectations, we thought maybe we'd raise 50. we're now thinking 300 million by the time the conventions over. we're not interviewing anybody. we're just going to keep going and i said what about some policy and he said yeah, yeah, yeah, policy don't worry about it. we'll get to that after we do the most important thing, keep the euphoria, get the troops all aligned at the conference and the convention, and then after we've sucked all that cash, which is the right thing to do, if you're going to run a campaign, we'll sit down with some reporters. we don't need them now. we don't care. stuart: that's fascinating. >> and i'll give you, i mean, it's a strategy. it's working. stuart: why should they give interviews now? >> they're not going to. stuart: kevin stay there, please. >> thank you. stuart: republicans very critical of walz. lauren, what are the republicans saying? lauren: well, they are talking about the controversies that are around him so i'll talk about three of them.
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the first one is he was arrested back in 1995 when he was a teacher for drunk driving. he was pulled over in nebraska, going 96 in a 55. he says he wasn't drunk. he just couldn't hear the cop when he was pulled over, well records show he failed a breath test. booked in jail. he has not drank since. he actually doesn't drink coffee either. he prefers mountain dew. the second controversy, the black lives matter riots back in the summer of 2020. so, he literally let minneapolis burn. it took him three days to call in the national guard and then he defunded the police, after the rioters burned down a police station. final, covid lockdowns was very heavy-handed and setup a hot line where you could report your neighbor for violating rules and some republicans have blamed him for oversight of all of the handouts that went out. the free money, taxpayer money that went out to businesses, et cetera. so, you have kamala harris portraying him as a friendly dad, right? a football coach, relatable
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midwestern value politician. he is minnesota nice, as they like to say. stuart: [laughter] lauren: some would say he's really minnesota nuts. stuart: kevin is dying to get into this but you've got to wait. you're here for the hour, you have plenty of time. >> i love this stuff. i love it. stuart: so do i. but we've got to get back to the markets because this is a rally. we're up 439 points. nearly 300 for the nasdaq. kevin is still here. do you trust this rebound? >> i do. you know, i do actually, because the fundamental metrics that are maintaining market growth including a 12% earnings growth in the tech names which is phenomenal they were trading at a 50 pe, stuart. they corrected that a little bit. it's a garden variety correction, a healthy correction and overall bull market i'm still optimistic. i didn't do anything when this correction came. i've seen this movie before multiple times. i don't think we're in the recession camp yet. there's some strain on the consumer level.
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soft landing is a 60% probability. rate cut maybe 25 basis points in september. inflation is still not under control. nothings changed that much. you can blame whoever you want for that correction. you can start with japan and go on down the list but corrections are healthy in bull markets. stuart: you didn't sell anything? >> nope. stuart: you stayed in? >> and i added a little bit to the tech index i use. stuart: well that's a rebound. dow is now up another 430 points. show me nvidia, please. lauren has been checking the movers and nvidia is moving. show it to me please? it's 2%. lauren: right it is positive on the week. i think after the sell-off that's the good news. so they are partners, super micro. the super micro ceo, remember they had, they were worried about profitability. the cost of a.i. servers so the super micro ceo said all these reports said nvidia's newest a.i. chip, the blackwell chip of that being delayed by three months because of an issue in the production process. he says that's normal and it's no big deal, so if that were
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true, the markets not even concerned about that. stuart: i'm looking at intel, below $20 a share, up a mere $0.20 as of right now. 1% higher. that stocks been taken to the cleaners hasn't it? lauren: dog of the year down 60%. there are reports that seven years ago, intel had this chance to buy a stake in open a.i. and the ceo at the time, mr. swan passed. he said yeah, this isn't worth my money. they turned it down reportedly. microsoft did not. microsoft stepped in and started investing in open a.i. a few years after that. stuart: microsoft back up nearly 10 bucks. kevin? i love microsoft. i've been in it for 25 years. how about you? >> so have i. they were my partner in the educational software business as far back as reader rabbit. stuart: great company. >> it went through a dinosaur phase into a shining giant of tech. fantastic transition. i remember gates first book didn't even mention the internet. i read it to him in the parking lot years ago when we were, he
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was tiny. word star was bigger. i've been doing this a long time. stuart: amazing. yes, you have, but not as long as me actually. >> let's fight about that. stuart: no, let's not. lauren, kevin, thanks very much. look at this , tim walz came out swinging at donald trump at his first campaign event. watch. >> donald trump's not fighting for you or your family. >> you are. >> he never set at that kitchen table like the one i grew up at wondering how we're going to pay the bills. stuart: he attacked trump on the economy but never offered any solutions to fix it. chicago cleaning up its migrant homeless encampments. the city insists it is not because of the upcoming democrat convention. a pakistan it man with ties to iran accused of planning assassinations of politicians in america including trump. we'll tell you how the feds foiled his plot, that's next.
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stuart: rebound. dow is up 400, nasdaq up nearly 300, s&p up 1.5%. now this. a pakistani national was suspected ties to the iranian government has been charged in a failed assassination plot against former president donald trump and other politicians. lauren: yup. stuart: how do the feds stop the attack? lauren: so steve merchant was arrested in texas last month for attempting recruit hitmen, so he was trying to recruit people to help him carry out a political assassination but those hitmen to answer your question, were actually undercover fbi agents, socal this murder-for-hire. it failed but for years iran has targeted trump administration officials because of the death
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of general soulemani, back in 2020 during the trump presidency. he was arrested the day before the 12th of july, the assassination attempt in butler, pennsylvania on trump's life. might not be connected, but just the timing gives me chills. stuart: makes you think, don't it? come on in chad wolf former acting dhs sebaceou secretary je now. are there terror cells inside america waiting to strike? >> well i think we have to assume so because we know there's existing intel that says they want to continue to target american officials because of the death of general soulemani and this is just one example but it's not the only example so i think what this tells us is that you're still going to have the iranian government and their proxies targeting us government officials. they are going to use an open southern border as a way to possibly have folks come into
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the country, and continue to target, so look, i think this is a reminder to the american people that there are still bad people out there that want to come into this country and do americans harm and when you have that type of environment, you want to make sure that you're doing everything possible to insure that you're properly vetting and detaining individuals that come into this country and then holding them accountable when you arrest them so hopefully -- stuart: is homeland security doing that? we can perceive the threat. that's obvious, but what are they doing about it? >> yeah, well, two things. no, the answer to your question, no, obviously the southern border continues to be a major security concern here for the united states, on this particular case, obviously the fbi we've got to give kudos. they did good work. they were able to uncover this plot and then obviously, arrest this individual before he acted, so that is good work from law enforcement. it's what they do every day so we want to make sure that we recognize them but you want to make sure that these folks, that we are identifying and preventing these folks from coming into the country to begin
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with, so again i'm not sure how this individual was vetted, how he came into the country. it appears and sounds as though he came in on some type of official visa but i think all of that needs to be looked at pretty hard. stuart: got it. next one, j.d. vance called out kamala harris on the border. watch this. >> it's the normal american whose hurt the most when you allow fentanyl to come into this country by the bushel, so i think again, the contrast here between what president trump and i want to do which is lower people's grocery prices, close down that border, bring common sense and law and order back into our policing policies, it just really couldn't be starker than the pro-open borders anti-police agenda of tim walz and kamala harris. stuart: chad, let's suppose there is a harris-walz administration. is there any form of border control coming with that administration? any kind at all? >> well, i don't believe it is. we just have to look at the last
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three and a half years. i think actually what you're going to see is more problematic and more open southern border because of policies that vice president harris has championed either in the senate or during her time as attorney general in the state of california. she says she wants to decriminalize border crossings and she wants to make sure there's free healthcare so all these things are incentives for people to come and hire and more extensive numbers, and what we know is obviously they're not being held accountable and there's that catch and release policy where they go throughout the united states, so i'm concerned that you would actually see a larger crisis, a more extensive crisis than what we've been experiencing if she has, you know, if she's driving policy moreso than president biden and his current officials. stuart: talk about incentive to come into the country. walz is very migrant-friendly. he's given them free tuition for college, free breakfast in lunch and school and free healthcare. you say that is an incentive to
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come on over and settle in america, right? >> that's right. stuart: chad, thanks very much indeed. we appreciate you being here. >> thank you. stuart: we'll see you again real soon. let's turn to chicago cleaning up their homeless encampments filled with migrants. lauren, they say this is not related to the upcoming democratic convention. lauren: correct but it's coincidental i suppose, so chicago has seen 46,000 migrants, one city, and there's a push now to merge services for the migrants with those of the homeless in chicago, who are us citizens. the shelters are out of space, and they put up tent cities to house everyone, right? well some of those tent cities were cleared coincidentally about two weeks before the dnc. stuart: of course, and officials in new york want to make it easier, this is for you, lauren, want to make it easier to open up a pot shop in the city. how are they making it easier? lauren: put more pot in the community. in other words, loosen the regulation so you can add more shops so right now, there's
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a rule that a pot store must be a thousand feet apart from another pot store, so they want to lessen that buffer, so you can open more pot shops and you can sell more expensive, more taxed weed, except that's not what's happening, because of the black market. stuart: exactly. this doesn't work, does it? >> no, it was tried in canada first. they were the first jurisdiction to make it completely federally legal and they licensed pot shops with heavy taxes. they've almost all closed down, because once it became legal, the black market, the dealers dropped their prices by about 30%. the government was nowhere near as what the dealers had and within a matter of about 18 months, including the market capitalization that whole industry, because there are a lot of public funds raised through public companies involved in cannabis and then somebody put up their hand, i'll never forget this statement and said why would you grow a weed in a climate? why wouldn't you grow that near
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the border where you get five crops, not one, and it just wiped out the entire canadian cannabis industry. stuart: [laughter] >> of course, the guy who thought of this was probably on weed. that's what happened. lauren: it wasn't a half-baked idea. stuart: well you can't go back to making it illegal. you can't go backwards. i don't think you can. >> yeah, you know -- stuart: i don't know whether you would want to. >> i don't think it changed the number of people using it. i don't use it because i use wine. that's my favorite drug. lauren: i feel like i smell pot everywhere. stuart: everyday. can't miss it. let's move on. the man who planned the october 7 attacks in israel is now the new leader of hamas. you know that's not going to help the chance of a cease-fire much is it? we'll have a full report from israel for you. mortgage rates down to their lowest levels of the year, same time, housing inventory number of homes for sale hit a post-pandemic high. we'll tell you what that means for folks looking to buy a home and that is next.
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stuart: all right, i still see plenty of green on that screen. the dow is up 300, the nasdaq is up 224, this is a continuation of the rebound after monday's big sell-off. lauren is looking at the movers and we better start with uber. lauren: it's up had% as lyft is down 13%. lyft put out a soft forecast for this curriculum aren't this. look at the difference in these share prices today. stuart: yeah, really i've got a piece of uber thankfully. lauren: it was up yesterday up again today. stuart: trip advise or i bet they're down. lauren: yup, down 13% seeing weaker bookings since the start of the quarter and they reported quarterly revenue under the streets expectation. stuart: vf corporation. >> sales aren't falling as much. i guess that's good news. china recovering, doing better, and they are holding less inventory so fewer discounts if you will good enough for a 12%
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gain. stuart: we have positive news on the housing markets. mortgage rates are at the lowest level of the year, and inventory, the number of new homes on sale, that's hitting a post-pandemic high. not bad. lydia hu has the story. seems like things are getting a little better for home buyers but will it last? reporter: it's really unclear. what's clear is that we're seeing short-term relief, so if you're in the market now and you need to buy a home it's a good time to do it, but don't be surprised if there's volatility as we zoom out and look at the bigger road, the longer term road ahead. mortgage rates are falling after friday's job report, that's driven by a falling 10-year yield. investors as we've been talking about are looking for safety, putting money in treasuries, driving down the yield and bringing with it mortgage rates. take a look, rates on the 30-year now according to bank rate hitting 6.56 which is a drop from a week earlier when it was 6.83 so not too bad there and maybe what's not surprising is we're seeing this change is the rush to capitalize on it.
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we're seeing a surg in the number of people that are putting in an application for a mortgage that's up 6.9%. also surging, applications to refinance. it's hitting a growth of almost 16% here. these lower rates on mortgages expected to generate more buying and selling the number of homes now on the market. that's growing year-over-year, up 36%, stuart, a post-pandemic high here. still we've got a lot of homeowners with mortgages well under 6%. they don't want to get off of that, so we're going to need to see more incentive to get them off the sidelines. listen to this. >> we know that 86% of homeowners with a mortgage right now have a mortgage rate that is under 6%, so with mortgage rates moving down to 6.5% this week it's a big improvement but it's not enough to unlock all of those potential home buyers that are current homeowners. reporter: you know, another positive point here for anybody
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whose in the home buying market right now. it's seasonal, right? fall tends to be slower season for buying homes, stewart, so mortgage rates are trending at a positive direction for home buyers right now. might see less competition as we're hitting the autumn season, be a great time to buy a home. stuart: gradual improvement by the looks of it. kevin o'leary is here. when do you think home buyers will finally see real, real relief in the housing market? >> not for about three more years, because you got to remember there was a period of time when you could get a mortgage up to seven years, at 3.8, 4.2%. if you own one of those you have no incentive to sell it because you have to refinance it at 40% higher so they have to come into the market and that won't be for 36 months. i see some relief, but not too much. i think rates are going to stay around here for mortgages not much lower, so i think we're stuck. we're stuck because we kept rates really low for a really long time. stuart: yes, we did. next one.
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minnesota governor tim walz made his first appearance with kamala harris as the runningmate yesterday. he slammed trump over several major issues. didn't come up with solutions of his own though. he didn't display, didn't outline his own plan for the economy. how long will voters put up with silence on this major policy area, the economy? >> well let's get into the real deal on the election because all of this happy talk doesn't matter. this is fundraising mode. we talked about that already. what matters is pennsylvania, michigan, wisconsin, these swing states and they have moved to the center, so in terms of talking to the press it's going to happen right after chicago. we're going to start to see , here are the issues that trump is going to really pursue harris on. she was the deciding vote on the ira, the inflation reduction act, ended up being the reason we have inflation. he will nail her for that. he will nail her for the border. he will go after her on killing fracking in energy. he will obviously want to talk
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to her about foreign affairs. defunding the police hard on crime. he will pound her on those things. the press will then take that pounding and say what are your answers and will begin to see how well she can pivot the party to the center, to be able to be competitive in these states. michigan is a huge problem, because trump only won by 37,000 votes last time, and they got 100,000 muslims there that are very unhappy with the democratic policy in the middle east war. they probably aren't going to get on with harris until something goes more center or she deals with the war effort there so there's a lot of these things coming down the policy list. the press will dig in and then we're going to find out, can she execute? this is going to be the risk factor for those that are backing her, and i don't think we're going to get that for about three more weeks. stuart: okay, let's talk about the crypto divide. the crypto platform. betting platform it's called,
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poly-market. they see kamala harris losing to trump in november. seems like the crypto guys go for trump, the non-crypto people go for harris. is that the split? >> that's one way to look at it but i would rather go with the vegas betters in terms of looking at election results. they are better than the pollsters frankly, if you look at the history. i don't think anybody kcal this race right now. we've got to get into the policy wars and hopefully the debate wars. i want to remind you, stuart. back when trump was debating clinton, there was a day when the football games were on. it was a sunday i believe, and i found myself watching that debate being more entertained than football, which never happens. i think the potential of a harris-trump debate is going to be great television. stuart: oh, yeah, dynamite. >> and i think the networks are just going to bend over to try and get that deal done with them and frankly, they should have three of them. each major network should get a
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bite. stuart: hears a good story for you. a trademark lawyer stands to make thousands of dollars off of the harris campaign because four years ago when harris first ran for president, the guy caught the website harriswalz.com and paid $8.99 for it and he says he be willing to sell it to the campaign for 15,000. not a bad way to make bucks. >> he's missing a zero. for me it be 150,000 minimum plus a 7% royalty until the elections over. stuart: smart guy. >> guy should give me a call, my goodness, what are you doing? stuart: next case. cyber hackers getting political. we'll tell you which candidate they're fundraising for. axon, they are the body cam guys, just reported big earnings. revenue up 35%. they are using a.i. to drive up that profit. the president of axon joins me next. ♪
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stuart: modest rebound and it holds dow up 350, nasdaq up 240. big tech doing very well. now take a look at harley-davidson. they are facing a bud light-style backlash at the sturgis motorcycle rally in south dakota. bikers say the company's ceo, he's made the company completely woke. their words, after he publicly promoted dei programs, lgbtq policies, and climate change issues. the harley guys don't like it. kevin o'leary, what do you make of people boycotting companies because they're woke? >> october 21, october 22, i'm teaching exactly this topic at harvard. social media's impact on market capitalization. schools never done there before. they are going there now because exactly this problem.
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bud light is still in decline in the us, by getting involved in gender identity. that means they didn't read the room with their customers and they doubled down on it and they continue to wipe out shareholder value and they continue to still do it and so i think it's time to start training or teaching or exploring this topic with the next generation of managers and ceo's to understand the power of social media, being something that you can't necessarily control. we have audit committees, risk committees. we need social media committees on corporations. stuart: would you just tell them to keep out of politics? >> no. i'm going to tell them, understand who your customer is. read the room. that's what i'm telling them. stuart: got it. thanks, kevin. now take a look at axon. they develop technology and weapons products for the military and law enforcement. their revenue jumps a whopping 35% year-over-year. josh isner is the president and joins me now. >> thanks for having me. stuart: you're welcome. good to see you.
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you make tasers and body cams. can you tell us details of how is a.i. helping you? >> yeah, absolutely. we believe in public safety that a.i. has a huge place in doing mundane tasks for police officers. right now it's hard to hire police officers into police agencies and if you can give them a day back a week to be in the field fighting crime instead of sitting back in front of a computer doing administrative work that has immense value to our customers so that's what we're doing with our a.i. tools and it's showing in our results. stuart: are you referring to i think it's called the draft one program that you have. you've got strong demand for that. that's a.i. writes reports for police officers. is that what it does? >> yeah, and it's one thing leads to another within our product line. we still have the body camera so the a.i. is actually blocking the body camera video and writing about 90% of the police report before the officer even has to engage in the software,
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so police spend about half their time writing reports so you can imagine if we give them 90% of the time back the impact it'll have. stuart: i have to holdup for a second because our audio is really almost failed us. we can't quite hear properly what you've got to say so i'll break away for a moment hopefully to restore that. kevin o'leary with me. you gotta bail me out here. is a.i. a bubble? >> no. it's now differentiating between the companies to figure out how to use it in a vertical basis to make money. adobe be a good example. microsoft coming on now. there's a gentlemen giving you a reason to use it. we're using it in our operating company to write copy for television commercials. we also use it for language translation. the point is theres a lot of companies saying, i saw a deal that makes jeans, clothing, calling itself an a.i. gene. that's ludacris, so you know, obviously, the spin is out there. complete ridiculous attempt to get a better multiple on their deal, but a.i. itself has
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productivity potential. stuart: yes, it sure is, all right, thanks, kevin. a lot of voters admit they don't know much about kamala harris, so we're going to introduce you to her runningmate, tim walz. let's introduce him. >> don't ever shy away from our progressive values. one person socialism is another person's neighborliness. stuart: you hear about his covid policies and migrant handouts. that's coming up at the top of the hour. israel has issued a new round of evacuation orders in northern gaza. the idf is ready to act forcefully and immediately against hamas. trey yingst has the latest from israel right after this.
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stuart: with the nasdaq up about 200 points you would expect big tech to be doing well and it is. adminisalphabet, microsoft, metl with solid gains this morning. how about bitcoin? a modest gain there, i believe, no it's down a bit, back down to 56.4 on bitcoin. nasdaq bit tech good. bitcoin down a little. now this. israel bracing for an attack from iran and its proxies.
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hamas fired dozens of projectiles from gaza, just in the last week. trey yingst in israel for us. hamas is still firing rockets from gaza into israel? they're still doing it? reporter: yes, stuart. good morning. it's remarkable more than 300 days into this war, hamas is still firing on southern israel and hezbollah continues to fire on northern israel. it comes as the country braces for an expected attack from iran and its proxies and the united states urges restraint. hezbollah leader just yesterday spoke at a ceremony for a senior commander killed in an israeli strike last week that was swooping over the ceremony and target israel saying this. >> our response, god willing, will be strong, influential and effective, and between us and them, are only a few days and nights until we meet in
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the battlefield. reporter: of course speaking over video from a bunker over fears of being killed by the israelis amid the new threats us diplomatic efforts are underway to avoid a crisis and widening war. other diplomatic conversations continue related to the war in gaza where more than 300 days in there's still no end in sight. yesterday hamas decided they would replace political leader hania, the man killed last week in tehran with the current head of hamas in gaza. one palestinian journalist speaking to fox news highlighted this was hamas' way of sending a message to israel. they aren't backing down and will choose someone extreme for the job. the israelis do remain on high alert in the south and the north preparing for that expected attack. stuart? stuart: trey yingst, thanks very much indeed. hamas has named their new leader and he's the mastermind behind the october 7 attacks on israel. dan hoffman former cia guy joins me now. what do you make of that? no policy change at hamas and they are still firing rockets
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into israel. not much progress there is there? >> no there isn't much progress, and if the biden administration is hoping for some sort of a resolution, a cease-fire, negotiated peace settlement i just don't think that's going to be there. sinwar, as you noted is a military hard-liner and his demands have been quite extreme. he wants israel to withdraw completely from the gaza strip. he wants massive numbers of palestinian terrorists to be released from israel, and i just don't think that that's a recipe for success. long-term success in terms of giving israel the security that they need. so look, he's hiding under tunnels and just getting messages to him alone is difficult if you're thinking about conducting negotiations. this is an area in which the biden administration is understandably focused right now with the potential for further escalation in the middle east with iran and hezbollah threatening to launch a major attack on israel. they've got to be very very
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concerned in the coming hours and days. stuart: a pakistani national with suspected ties to the iranian government has been charged in a failed assassination plot against american officials including donald trump. are there terror cells run by the iranians inside america and if so what are we doing about it? >> yeah, well, i have no doubt that that's exactly what the iranians are trying to do. there was a much-publicized case about a decade ago where the iranians tried to kill the saudi ambassador in the united states, in georgetown, washington d.c. so they have their networks. they are a terrorist state and this is what they do. that pac pakistani was in iran before traveling to the united states. the fbi likely in collaboration with the cia and others had human source reporting on this pakistani individual and the potential that he might have been able to launch an attack on a politician including the former president, but they were able to disrupted it and
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run potentially a double agent sting operation against him. stuart: strategically would it be a good move by iran to work a terrorist plot inside the united states with serious killing of american officials? that would really unbalance the whole thing wouldn't it? >> you would think that that be a cause for war. one would hope that the united states would deter that sort of action, because of the threat, the likelihood that we would launch a war on iran if they were to do that, imagine. but i think iran has always wanted to demonstrate they have the capability to do that in an effort to cause what we've seen in the biden administration, escalation paralysis, overriding emphasis on trying to diffuse the situation in the middle east rather than show that we have the where with all to strike back. that's what deterrence is all about. stuart: dan hoffman thanks very much for joining us. on fox & friends this morning, donald trump outlined his plan to bring down inflation. >> we are going to drill baby
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drill. we're going to bring down the cost of energy. we have the worst inflation we've probably ever had in our country and it started because of energy. stuart: kevin o'leary stuck out the entire how for me. would drill baby drill bring down inflation? >> not only that, stuart, because energy is the core to an economy but it also may be the potential solution to the $35 trillion debt. you recall in the last mandate trump had, he opened up anwar for development and it may be one of the largest pools of untapped oil on earth. norwegian approved the 16% royalty and take a pool that size, apply the 16% to nothing else except reducing national debt and eliminate it. they have a multitrillion-dollar fund and so we have a 16.23% royalty on our oil with the barrel head. if we wrote law and congress saying it can only be used to reduce the national debt. that could work and it be buy so drill an war, pay down national debt get that deal done. stuart: kevin o'leary, thanks
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for joining us. here is what's coming up. liz peek on kamala harris ignoring questions from reporters for two weeks congressman byron donalds on the role law and order is playing in the election and john levine on jewish voters going for trump in deep state new york. the 11:00 hour is next. you ever try cashbacking? it's earning 3% at drugstores with chase freedom unlimited. so i can save on something special for a first date? wait! that's all for a first date? whoa. alright, c'mon earn big with chase freedom unlimited with no annual fee. how do you cashback? did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com
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