tv Varney Company FOX Business August 8, 2024 10:00am-11:00am EDT
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♪ ♪ stuart: well that's got it, doesn't it? well it is raining in new york. it's going to rain all day and that's why it looks so gloomy. good morning, everyone, yes it is 10:00 eastern, thursday, august 8. straight to the money. look at it go. the dow is up 460 points, the nasdaq up 190. nice rebound so far but i keep saying this. you never know how we're going to close in a volatile marketplace. and the 10-year treasury yield we're back at 4% an extraordinary move. we were down to 3.78 at one point on monday, now we're back up to four even. the price of oil mid-$70 per barrel it's actually at where are we? $75 a barrel. bitcoins moving up today. we're looking at 57, 300 per-coin. that's the markets on a thursday morning, and now this.
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two tax cut proposals from donald trump. he sure knows how to appeal to important groups, doesn't he? trump suggests dropping taxes on social security benefits. that is a radical proposal. around 67 million people are on social security. around 30 million pay tax on their benefits. think about that. seniors vote in large numbers, offering 30 million likely voters a tax cut is a very powerful in septe incentive to e for trump. how is it going to be paid for? trump has an interesting answer. he told our laura ingraham the tax cut would bring closer the time when social security runs out of money and that says trump will force congress to do something about it. now that's different isn't it? we're not going to do anything to hurt our seniors but we'll cut your taxes. second suggestion. no tax on tips. another radical idea that appeals to a large group of voters. it plays well in las vegas. in fact the two democrat senators from nevada have both
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endorsed no tax on tips. if that's not a working class vote-getter, what is? trump has always had a knack for politics. he could read the room. he senses the need for easy to understand policy, and that's what he's doing. no tax on social security benefits. no tax on tips. you've got that? you can call it vote-buying. you can call it financial irresponsible. but you could also call it smart politics in an election year. second hour of "varney" just getting started. clay travis joining us this morning. all right, clay. what would you say to people who think that trump's tax cuts are just vote-buying? >> i mean, is that new in politics? what is joe biden's decision to try to cancel student loan debt? what is joe biden's pledge back in the day and now it's obviously kamala harris although i don't know that she has any
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basic economic understanding, she doesn't have any plans out yet in any degree, but what is the claim that they're not going to raise taxes on anybody making $400,000 or less, or what is this idea that they're going to go grab $80 billion give it to the irs and then only rich people are going to have their audits done and now the reality is coming out and you're recognizing there aren't enough rich people to be able to pay for that, but i do think the difference here between trump and kamala or trump and biden, kamala is donald trump actually understands basic business. i watched your opening, stu. i bet kamala be , if you brought her on and just quizzed her on basic economics, i think she would struggle to make it through an interview to demonstrate any basic economic knowledge, and unfortunately, i think that's true for a large swath of democrats who don't really understand basic business, and that's certainly true for kamala and walz, both of whom have never actually had a job outside of the government
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in their entire lives, so if you've never had to make a payroll or never had to look at a balance sheet or a revenue projection and try to contemplate who you can hire and who you can afford to pay then frankly i don't think you understand basic economics and certainly you shouldn't be running the country. stuart: clay, do you remember when tim walz said j.d. vance is weird? kind of hit a spot of sorts. >> yes. stuart: well now i want you to listen to how j.d. vance responded that. roll it. >> i think it's pretty weird to be the border czar and open up the border and allow fentanyl to come into your community. i think it's pretty weird to try to take children away from their parents if the parents don't want to consent to sex changes. that's something that tim walz did so if they want to call me weird, i've got my wife here and i'm a normal guy who wants to live the american dream and wants all of you to live the american dream. that's why i'm in it. if those people want to call me weird, i think it's bad. stuart: come back in again,
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clay. is the democrat weird strategy working? >> no. it's not going to work, because and i think it's way beyond that. i mean, look. most politicians, and i bet you would agree with this , stu, are a little bit weird. it's an odd way to decide you're going to make a living begging for people to like you all over the country and hope they decide to vote for you so you can make 17 $5,000 a year. i think that's a little bit of a weird thing to do. i think donald trump would certainly have said that prior to running for politics himself when he was donating to candidates from both parties but democrats are the party that is weird. i thought j.d. vance laid it out there very well. i mean, look at tim walz in particular. he's putting tampons in boys high school bathrooms. is that something a normal dad would say hey this makes a lot of sense? he is as j.d. vance just pointed out. if you're a minor and you decide you want to get your genitals removed and your parents say hey, maybe wait until you're over 18 to make a decision like that? the state of minnesota can takeaway your kids.
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does that seem normal to you? there are a litany of huge issues here where democrats are just on the wrong side of what i would call normal mainstream common sense opinions, and ultimately, i think if the argument is over who is weirder, kamala harris and tim walz are in for a really difficult campaign here. stuart: clay, i have to tell you that none of my political guests could ever be described as weird, and we have at least five political guests every single day. >> political guests are different than politicians because at least political guests have to make a living off somebody other than the american taxpayer. stuart: we have a lot of politicians on this program. we were never going to call any of them weird and that's a fact. clay travis, thank you very much, sir. good to see you again. all right, the real clear polling average shows kamala harris with a razor-thin lead over trump. lauren, now that's a nationwide poll. what's going on in the individual states, and i'm
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thinking north carolina. lauren: swing state, trump is up three in this first poll since harris became his opponent. what are the top issues in north carolina? the economy, at 38%, then abortion at 15% but let me show you wisconsin, dead heat here. trump's up one point among the states registered voters. stuart: north carolina trump is up three? lauren: yup, wisconsin up one among registered voters. stuart: got it. thanks. let's check the markets it is a rally. dow is up 476, nasdaq is up 219. of course we've been here before, markets straight up and then they go straight down. i don't know how it's going to close but right now it's up. tom hayes joins us to look at the market this morning. is the fed in your opinion doing the right thing, leaving rates exactly where they are, until september? >> they're not doing the right thing, stu, but they are going to get away with it and that's because as we saw this morning as it relates to the economy, the rumors of my demise are
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greatly exaggerated so we saw initial jobless claims come in lower-than-expected. they are going to getaway with it. the problem is while you're seeing this volatility is bank of japan bailed out the west, they were the global liquidity provider buying bonds, equities globally and when they needed to hike to fight inflation, we didn't come to their rescue. when they hiked last week, the fed should have been cutting and we wouldn't see this volatility, so, doj had to back off until september when the feds going to cut and now we've got a high chance 80-some odd percent chance of a 50 basis points cut in september. stuart: and the markets doing well? >> markets doing great. stuart: you like two stocks in particular and i'm interested in this. disney. disney's all the way down to $84 a share. that's a dip and a half. >> disney you can't give away right now and i look at disney. it's the son of the parts, so you have the parks and the experiences, people are worried that the parks are slowing down for the next couple of quarters. they are going to do 10 billion of ebit, which implies $80 a share in value for parks and
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experiences. that means disney plus is worth zero. espn is worth zero. theatrical productions is worth zero. deadpool is $1 billion franchise. inside out 2 billion-dollar franchise, so they have 153 million subscribers, netflix has 277 million. they get a quarter of a trillion dollar valuation. this business gets zero so we think between the parks and the streaming over time the streaming can do 10 to 15 billion of ebit, which implies 150 to $190 a share over the next three to five years, and you can't give it away today. stuart: if you bought it for 84 you'd be satisfied with just 100 bucks. >> exactly take the longview here. stuart: one last one, we've covered this. generac. >> fantastic business. they got in trouble from 2001 because they over-stocked during covid. they spent eight quarters working through that overstock. destock cycle and now they are in the restock cycle. residential was up 8%, commercial was up 10%. they beat and raised
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for this quarter so we like this business. the grid is unstable and we're entering hurricane season, as rates go down so people are going to be able to finance them more easily. stuart: where does it go? we're at 137 now. where does it go? >> this is probably over time going to work towards 200 to give it 12, 24, 36 months. stuart: 12, 24, 36? okay. >> you know i'll tell you they've got 6.25% penetration for their total addressable market with tremendous opportunity moving forward so i want to be conservative but our expectations are much higher. stuart: tom hayes, thanks for joining us. you'll be back. >> i appreciate it. stuart: lauren is looking at the movers. let's start with google and meta. lauren: the stocks are both higher, after a bombshell report in the financial times. the financial times is reporting that these two rivals work together to target teenagers, on youtube, with ads for instagram. they worked in secret labeling this set of users unknown
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because their company's policies prohibit personalizing ads for under 18 years old. stocks are both up 2% on this news. let me give you the statements, the responses, google says we prohibit ads being personalized to people under 18, period. we've confirmed these safeguards worked properly here and we'll also be taking additional action to reinforce with sales representatives they must not help advertisers or agencies run campaigns attempting work around the policies. stuart: so, these stocks are not up because of this item in the financial times. lauren: despite it. so whose afraid of big bad wolf in a sense which be the regulators. meta is also responding to this too. stuart: and they are all caught up in this upside move of the morning. lauren: yes. stuart: for the entire day, don't know for the moment. lauren: warner brothers is the next stock that we're doing. warner brothers is down today in a big way because they wrote down the value of their assets due to uncertainty of fees from
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cable and satellite distributors. stuart: i don't know what we got on the screen. lauren: the meta statement, it's a very long statement both responding to this report and denied it. look at warner brothers down almost 12%. stuart: wow. lauren: the nba did not do a deal with warner brothers tnt. they did it with amazon. that blockbuster 11 year deal. stocks down big, because of that. stuart: i can understand that. what about warby parker, the glasses? lauren: look, glasses are cool again so they came out and raised their guidance for the year for sales and said the average revenue per-user is up almost 9% because they don't just sell the cheaper line anymore, they have all of the more expensive glasses. i just bought a pair for $250, that's a lot. it used to be $99 all the time. stuart: i'm going to move on. what's the next one we've got here? lauren: a tease. stuart: oh, okay, this is not a stock promotion. here is the tease. lyle messey's mansion is vandalized by a group of
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protesters. we'll tell you what kind of message they were trying to send. taylor swift's concert in vienna canceled over terror threats. one of the suspects reportedly pledged allegiance to isis and they may have been trying to build a bomb. three canceled concerts. the white house is making its stance on the israel/iran conflict, crystal clear. >> it's iran moving slower as they have repeatedly said they are going to, we're going to make sure we're ready to defend. stuart: general jack keane is going to join me about playing offense. we'll be back. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. ♪ go deeper with thinkorswim: our award-wining trading platforms
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stuart: it is a broad based rally on wall street at the moment and big tech is in the middle of it. on your screens meta, alphabet, microsoft, amazon, apple, all up 1% or more. the 10-year treasury yield, interesting movement there. it's back up right at 4%. remember, on monday of this week, it was at 3.78? a move back up to 4% is an enormous move in the bond market, but that's what happened. now to the middle east. iran considering a retaliation strike on israel. griff jenkins joins me from the white house. is the president doing anything to stop this from escalating, griff? reporter: good morning and that's the key question, stu, along with will whatever he's doing work as tensions are running at an all-time high in the middle east, israel bracing for a possible attack from iran, and we've only gotten one glimpse of the president all week on monday and getting off marine one.
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we do know from the white house that he spoke with the leaders of egypt, qatar and jordan this week. karine jean-pierre, white house press secretary, had this to say. >> the president continues to, obviously he has been engaged these past couple of days with middle east leaders. his team is continuing to engage as well with these diplomatic conversations. watt we want to see is a deus calegislation in the region. reporter: white house national security communications advisor john kirby says they are working to avoid escalation but admits to, it may not work. >> can't predict we're going to be 100% successful which is why the president ordered additional military resources to the region, to make sure that should israel be attacked, that the united states can come to her defense. reporter: now this as defense secretary austin orders increased air defense measures, more us navy cruisers and
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destroyers and moved the aircraft strike group towards the gulf of oman, and us intelligence says they have seen iran moving missiles and launchers into position but unclear on what kind of timing we might be looking at. president biden will be this afternoon, welcoming the world champ texas rangers to the white house. maybe we'll get an update from him at that time. stu? stuart: griff jenkins thanks very much. several arab nations are urging iran to show restraint in responding to the assassination of hamas top political leader. john kirby says america is ready to defense israel. retired four star general jack keane joins me. general, we are playing defense with iran. should we go on offense? >> well, right from the -- [inaudible]. stuart: we seem to have lost him. we just lost audio right there. don't think we can get him back
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in the short run. okay, so i'm going to move on and see if we can get back to general keane if we possibly can. two people are under arrest. they are accused of plotting a terror attack at a taylor swift concert. lauren: that concert would have been tonight and friday and saturday, so authorities arrested two men, identified as suspected extremists who were radicalized online. concert organizers are playing it safe so they canceled swift's three vienna tours scheduled this weekend, that's some 200,000 fans that have to get refunds and many of them likely already traveled to the stadium. the terror plot fits the bill of a high profile soft target. that's what this concert would have been. if you remember back in 2017, a suicide bomber killed 22 people at an ariana grande concert in england and taylor swift had spoken about that event and she said how scary must it be on stage having to perform and knowing people could get killed including yourself at one of
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your concerts. stuart: it's that pakistani man plotting to hire hit men in america, to hit american officials. concerts canceled all over the place. thank you, lauren. thousands of people have taken to the streets in britain. ashley, come on in, please. what's this all about? ashley: and thousands of police officers were prepared for another night of rioting and violence last night, but guess what? it didn't happen. instead, thousands of anti-racism protesters gathered peacefully in cities across the uk. for the past week, far right and anti-immigrant protesters have been involved in some violent confrontations. protesters police say were fueled by online misinformation, following the stabbing deaths of three young girls in northwest england. much of the misinformation claimed that the teenage suspect who was born in britain to rowanda parents was an asylum seeker. the police have not disclosed a motive for that stabbing attack.
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anti-immigrant groups targeted refugee charities, hotels that house migrants and even lawyer offices who handle immigrant cases. more than 400 people have been arrested so far since the violence began. stu? stuart: thank you, ashley. now, a moment ago, we had an audio problem with retired four star general jack keane but we have restored audio and we will proceed. general, i was asking we are playing defense with iran. should we go on offense? >> well, as i was saying, this administration has had a hands-off approach to iran from the very inception when they took power back in 2021. they eased up on the trump sanctions and stiffed the arab foreign military sales coming to them to strengthen their conventional capabilities so they would have the deterrence against the iranians and the iranian proxies in iraq and syria prior to object 7 had attacked us 125 times. not one-time did we ever respond
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directly against iran for that and we've seen since iran has operationalized all of their proxies to help destroy the state of israel after the catalyst attack that hamas began on october 7, they have managed to shutdown the suez canal and we're on defense there, and the commander in charge of our forces there wants to go on offense and attack iran directly. not commercial targets. certainly not civilian. nothing to threaten in war in terms of national command authority, infrastructure, in the capitol. military targets. as an example, the spy ship that's using, that's providing the targets to the huthis. the navy helping to transport and safeguard the missiles going to the huthis. take down the supporter of what is happening to keep the huthis viable and be able to shutdown the suez canal.
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it's absolutely staggering that iran shuts down the suez canal and we don't stop it from happening. and here we are now. we are doing the right thing and giving the israelis a coalition, united states, britain, france, and jordan, fighter support as well as naval assets support to be able to defend against an iranian attack. that is a step in the right direction but have i said for three-years, we should take the gloves off and go directly to the iranians. prime minister netanyahu, stuart, he understands this. that's why he took the target down. the political leader, in a high security, many of the official government leaders lived. he is telling them in no uncertain terms, i'm in this war to finish it and you're all vulnerable as well as this political leader of hamas. stuart: well, let's see how this develops. general keane, thanks very much for being with us. we admire your military expertise and explaining this to our audience. thank you, general. let's quickly take a look at the
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stuart: you're looking at a rally. dow is up 560 points, nasdaq is up 343 points. i don't know how this things going to close out but right now, this morning, we've got a rally. lauren is looking at the movers. please start with palantir. lauren: this is a data analytics company and they are deploying their products in partnership with microsoft on their azure platform to the us government and the department of defense. the software helps them locate targets in war on the battlefield, so look at that, palantir is up 6%. stuart: look at microsoft. intel? lauren: they are accusing the shareholders of concealing the problems that led up to the bad quarterly report card and while the stock is up 2.2% now it's down over 60% this year, down double-digits this week, so some relief, despite
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the lawsuit. stuart: how many yetis do you have in your house? lauren: so many. we had to stop buying them because we don't have enough cabinet space for them. stuart: have you seen the stock up 12%? lauren: people are buying the really expensive coolers and cooler bags those are two hundred to $300, sales are up 30%. stuart: how many do you have? lauren: my husband has two and he's not allowed to buy more. revenue up 15% in the quarter and they raised their revenue outlook for the year. stuart: the lead story for this block, i can't believe it. lauren: that was number three story. stuart: passengers filed a class action lawsuit against delta after last months global outage caused thousands of flight cancellations. lydia hu is with us. what's their response? reporter: so far nothing and they will have several weeks before they respond in court and yesterday when fox business reached out to delta for comment they declined to comment on this lawsuit but this class action claims the crowdstrike outage impacted the delta passengers in a disastrous way
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and delta hasn't offered adequate refunds or reimbursement. one plaintiff in the lawsuit said he missed his $10,000 cruise because of delta's cancellations and he claims delta offered him less than $220. another plaintiff says he was traveling from denver to amsterdam, was not refunded the $2,300 for the delta tickets he never used, or the nearly $2,000 in costs he incurred in other transportation and hotels because he was stranded. instead, he got a $100 voucher to use on a future delta flight, he says. now, the crowdstrike outage expected to cost delta $500 million, that's according to delta ceo ed bastian. delta pointing the blame squarely at crowdstrike, and microsoft, threatening to sue both of those companies and crowdstrike and microsoft are punching back and letters these companies are exchanging, delta blames the faulty crowdstrike update. crowdstrike says its offers to help delta were declined and
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crowdstrike questions, why were other airlines able to restore normal service faster than delta? meanwhile, microsoft is blaming delta's outdated i.t. infrastructure. delta had this to say about that accusation yesterday. i.t. is not their problem. they invest billions of dollars in i.t. capital expenditures but you can't ignore, stuart, that delta really was rocked by this outage. in fact plaintiffs in the class action point out that delta canceled more flights in just the five days following the outage than all the flights they canceled in 2018, and 2019. so, clearly, the lawsuits now are mounting. we're hearing from the consumers. the companies are threatening to sue each other. we have shareholders that are suing crowdstrike and pete buttigieg for what he's doing, investigating delta and how it's handling the consumer complains. stuart: you know whose the winners here? the lawyers. >> yes, always. stuart: it's always the same. >> that's why i went to law school. stuart: let's change the subject and look at this , brand new
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book titled "go woke, go broke." the inside story of the radicalization of corporate america. charlie gasparino wrote that and he joins me now. welcome to the show. charlie: thanks for having me. there's no banking crisis. what am i doing here? we do have a crisis in the country of wokeness obviously. stuart: when did woke ideology really start to shape corporate america? charlie: you know, like all bad ideas, it starts at the u.n. and davos, and -- stuart: really? charlie: i'd say back in the mid 1990s. you see it, people talk about having stakeholder capitalism instead of serving the shareholders, and then if you're going to trace it then it gets embedded in the system with the notion of esg, environmental and social government investing and then, you know, esg becomes a big money maker for some big wall street firms because guess what? the big pension funds, the blue state pension funds are filled with socialists so they demand
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demand esg investing. this book is not, i tried to make this book funny because you are going to read this and get mad. you'll be like what the hell is this , but you'll also laugh because watching big ceo's go woke is one of the funniest things in the world. i mean, watching like -- stuart: give an example. charlie: well i'll tell you one example. jamie dimon, who i actually like, got woke after george floyd. he started these funds for , you know, under privileged communities like if george floyd got a low interest loan that would have helped that situation. all this virtue signaling and then he visited a bank branch and took a knee. it was photographed taking a knee. we all thought it was for black lives matter so we asked them and they are like yeah, think what you want, no problem because black lives matter was on the upswing. so i checked my facts on this book and i called jpmorgan
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and said we're going to talk about this knee thing. he's like no, no, everybody thinks it's about black lives matter. no, that was jamie taking a knee to fit in the picture. he just wanted to fit in the picture, but it was a wide screen picture. i was like it took you four years and basically, black lives matter being uncovered as financially suspect, radical organization, to say that, and you know? it's budweiser, disney. stuart: but is woke definitely in retreat? charlie: okay the last chapter is woke is broken, so it is in retreat. now, how far in retreat? you literally got a presidential candidate who i want to thank because she said this. that said how great woke is. remember? stuart: she did. charlie: kamala harris. i'm going to sign a book for her, you know that? because she is putting the idiocy of wokeness on the map in the presidential campaign and she helps me sell books. stuart: i'll help you sell books but i want my free coffee.
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tony gasparino you're all right well you better take a look at this. that is, a soccer star, messi's $12 million home was vandalized by climate activists. ashley, what's going on here? ashley: a radical spanish climate activist group managed to breach the property and as you can see , covered it in red and black paint and the banner outside the entry that read "help the planet, beat the rich, abolish the police." uh-huh, the break-in left messi's multi million dollar home in complete disarray. the group is known for its extreme tactics and justified its actions on social media claiming we tinted messi's illegal mansion. congratulations. the group claims the soccer star's lifestyle is a prime example of how the richest 1% of the population is responsible for the same amount of carbon emissions as the poorest two-thirds. messi has yet to respond to the
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incident but argentina's president was quick to jump in calling on the spanish government to take action and denouncing communism as an ideology of envy, hatred and resentment towards the successful. well-said, sir. stuart: he got that right, didn't he? yes, indeed. ashley: yes. stuart: thanks, ash. president biden says he is not sure we'll see a peaceful transfer of power if trump loses the election. >> no, i'm not confident at all. i mean, in trump loses i'm not confident at all. all this stuff about if we lose it'll be a blood bath. stuart: that's from the cbs interview that i think will air on sunday night but it's fear mongering, from the president of the united states. miranda devine will have something to say about that a little later on. kamala harris talks a lot about her time as california's top cop. she never mentions how she stayed silent on one of the biggest criminal justice reforms of the century. that is next.
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stuart: the rally holds. it's a strong rally too. the dow is up 500 points that is 1.25% and look at the nasdaq go. that's up better than 2%. 330 points. big tech across-the-board on the upside this morning, and i don't think we've got any losers in this group. meta, alphabet, microsoft, amazon, apple all on the upside. chipmakers all over the place recently. where are they today? they're all up in this rally. taiwan, intel, micron, qualcomm, amd up. now this. critics going after kamala harris as she continues to tout her time as a prosecutor and as attorney general in california. william la jeunesse is in los angeles for us. reporter: stuart, number one she a poses mandatory minimum sentences, supports national review board for police shootings but is under renewed
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scrutiny for her lack of leadership on the soft on crime prop 47. california prop 47 allows certain non-violent felony convictions to be reduced to misdemeanors. reporter: the year, 2014. police called prop 47 a get out of jail free card. retailers and local da's predicted a rise in crime, but the states top cop, attorney general kamala harris, said at the time, nothing. >> she's hiding out. not doing her job. not educating the public. reporter: harris claimed as a.g., it was her duty to stay neutral. others disagreed. top newspapers said harris failed to inform voters calling her gutless, and disappointing. >> prop 47 was a lie from day one. reporter: ten years later some voters want to undo prop 47. still blaming harris for miss-labeling it, the safe neighborhoods and schools act. >> it's deliberately misleading title which promise safe neighborhoods and schools was
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intentionally designed to trick voters. reporter: throughout her career, harris governed as a progressive. >> i think san francisco wants a progressive district attorney. reporter: as d. a., she promised to never seek the death penalty which outraged critics and allies alike when a man murdered a police officer. >> i think this district attorney made a very big mistake. matter of fact if i had known she said that in her campaign i never would have supported her. reporter: as us senator -- >> to believe i'm putting more police on the street you'll have more safety. reporter: she supports sanctuary laws shielding criminal aliens from deportation and decriminalizing illegal immigration. >> we're not going to treat people undocumented and cross the border as criminals. reporter: so prop 47 has been a disaster for california and so stuart, what's happening now is people are going back and saying
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who is in charge? how did this happen? and many are blaming harris saying she should have taken a leadership position rather than staying neutral. back to you. stuart: i hear you, william. thanks very much. a venezuelan migrant with suspected gang ties reportedly caught at the border and was then released into america. he went on a crime spree in new york city. ashley? has he been deported? ashley: well this may come as a shock, stu, but no. even though, as you point out, 30-year-old daniel martinez has been arrested and released eight times on 14 charges in new york city, and in fact, martinez's full homeland security record reveals the suspected gang member committed at least 22 criminal offenses in new york between june and november of last year, including criminal possession of a weapon and assault. now, records show that us border patrol first encountered martinez in january of 2,023 when he was sent straight back to mexico under president
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trump's policy, but he snuck back across the border and has been on a rampage ever since. by the way, he was ordered deported two months ago but because venezuela stops accepting deportation flights, sources say incredibly or not that he is likely to stay in the united states indefinitely. wonderful. stuart: you just gotta shake your head at. you can't believe this kind of thing is happening but it is. ash, thanks very much. now this. the president is headed back to the beach tonight, after a week of almost no public appearances. biden has virtually disappeared from the political scene but he still has six months left in office. this is not good. that be my take at the top of the hour. more "varney", next. i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana
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stuart: we have to bring you frequent market updates because we've got a lot of volatility. the news this morning is that we've gone straight up. no dip at this point. i don't know how we're going to close but this moment we're up 529 on the dow and up 360 on the nasdaq. how about the cryptos this morning? we had bitcoin doing well earlier. it's still doing well. ethererum also on the upside today. almost everything is up this morning. taylor swift fans, they waited to see if she will endorse kamala harris. lauren, some fans seem to think
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she's already endorsed harris. lauren: to be clear she has not as far as i'm aware but she did post and we can show it to you, a photo on her instagram that looks like the woman on the right, the silhouette, is that kamala harris in a pants suit? maybe, waving, maybe not. reports say that could be one of her backup singers. we don't know, but social media has gone wild with that being an endorsement by taylor swift of kamala harris for president. stuart: okay that's enough. lauren: that's it. stuart: look whose here now, gavin wax, the president of the new york young republican club frequent guest on the program back today. big picture question. what do youngsters, you're a youngster. what do you want in a candidate? do you want youth? energy? celebrity? what does genz folks want? >> i think young voters are looking for authenticity. social media you need to be authentic to go viral to have a big splash. used to have a voice for radio, faced for television and now it's the authenticity for social media for the viral moments and
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that's what candidates need to appeal to. that sort of authentic touch in order to reach a younger voter and honestly i think kamala harris is one of the most inauthentic candidates we've seen in recent memory. stuart: how about tim walz? >> equally so. they both are a little stiff on the -- stuart: are you saying that because you're a republican? >> no i'm saying that objectively. right now they are going through a honeymoon period and the polling has reflected that. but in reality if you look at the hypothetical polling they did prior to kamala harris taking on the mantel of being the candidate for the democrat party, it was a blood bath for her in terms of her polling especially in the swing states. i think we'll return to that as more people become aware of her, we get to see her more and she's out of the basement. stuart: we've got new polling that shows kamala harris, she's got a double-digit lead over trump in new york state, that is, but trump leads harris among jewish voters in new york state. do you believe that trump can get 50%, half of the jewish vote
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in new york state this year? >> well it would certainly be a mitsva if that happens. new york has the highest concentration of american jews in the country and they are shifting to the right at the local level, it's helping candidates in brooklyn and even in some congressional races but look, the polling we're seeing in new york is showing that again she's in a honeymoon period but it's going to return to where biden was which is in the single-digits, remarkable for a republican democrat contest in the state of new york but again, crazier things have happened. we saw the gubernatorial level, 47%, we can return to those types of numbers for president trump and that would mean a massive success in all the other swing states across the country. stuart: if donald trump got 50%, half of the jewish vote in new york, keep going back to this , that's a revolution. >> yeah, so it be hanukkah miracle, and i think it be -- stuart: is it out of bounds? >> no, look, i think there was a huge discussion on the left, on the democrat side, about not
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picking josh shapiro, because they thought it be a political liability to have a jewish american be on the ticket. i think that speaks volumes about the state of the democrat party they are so worried about having a jewish candidate. a historic thing by the way on their ticket it would cost them votes in states like michigan and elsewhere among the left wing radical base so we're seeing a shift of american jews. i'm jewish, of american jews to the republican party. it's over issues such as israel but a whole litany of other issues, the left wing democrats have gone far to the left in terms of their anti-semitism and their anti-israel hatred. stuart: can't wait for the vote. mr. wax thanks for joining us. still ahead miranda devine will stand to biden who doubts trump will allow a peaceful transfer of power, if he wins. or if he loses i should say. we'll see what congressman cory mills has to say about j.d. vance accusing tim walz of lying about his military career and brent bozell will take on
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