president trump today to, he's going to be talking about affordable housing, real wage growth which we've been stress as well as his declaration to expedite american energy, how to save the american economy. kamala harris, it's been a scatter-shot plan at best. maria: yeah. and he'll definitely get into tax policy with all those business types in the room. >> uh-huh. we haven't seen this. maria: we're waiting on more details from kamala's plan. great conversation. thank you so much, mark, lee and crish shah. we'll see you again tomorrow, stay with us. "varney & company" picks it up now. stu, take it away. stuart: all right, good morning, everyone. dueling economic plans. the is 600 days away. the -- 60 days away. the candidates are making hair pitch. kamala harris will raise taxes on investment income, accumulated wealth, corporations and she would allow the trump tax cuts to expire which means a big tax increase. her handlers are trying to

polish her centrist immarges but look closely and cam -- image, and kamala harris still seems to be a tax and spend liberal. donald trump appeared at a town hall with fox's sean hannity going for economic growth, energy independence and more, tax cuts. get this, "the wall street journal" just reported that trump will back elon musk's proposal for a commission on government efficiency. all government agencies would be audited. that'll scare 'em. to the markets. the elephant in the room is tomorrow's jobs report, but this morning muse that only 99,000 private jobs were added last month, a very soft number. the dow, probably very little change by the looks of that board, maybe down 2 but dead flat, in my opinion. s&p down maybe 7, nasdaq down 700 points. not much -- 70 points. all waiting for that jobs report. bitcoin, $56,600. the yield on the 10 and 2 2-year treasuries almost the same, we have the 10-year at 3.73, show me the 2-year, i think that's

pretty close to that, it is 3.73. thank you. oil below $70 a barrel, $69.77. gas keeps edging lower. regular down one cent at $3.30. and, by the way, 10 states in the south average less than $3 a gallon. diesel, no change, $3.68. on the show today, the harassment of jews has spread if from the college campus. in new york the pro-hamas crowd intimidated customers at a kosher deli yelling insults and chanting racist slogans. and we'll go through all that donald trump had to say at the town hall with sean hannity. he says we are in world war iii territory. thursday, september 5th, 2024, "varney & company" is about to begin. ♪ ♪ don't you forget about me ♪

stuart: don't you forget about me. is that for donald trump? >> i think it's for joe biden. stuart: oh, yes, that's right. >> simple minds, a commentary on one of these presidential candidates. stuart: oh, that's a little harsh. >> that's who is singing the song. >> you're right. [laughter] lauren: i'm not involved. stuart fox hosted a town hall with donald trump last night, big deal. it was lively. good morning, lauren. lauren: good morning. stuart: what did he say about his campaign strategy? >> lauren: he's prepare being. he did a town hall last night when harris said she wouldn't debate him on fox. he flamed -- framed the election sill about disaffected voters. watch here. >> 2016 was about the forgotten man and woman. what is 2024 about? >> so it's not that different. it's still about the or forgotten man and the forgotten

woman. people are being treated horribly in this country. we're a country that's being laughed at all over the world. it starts with make america great again, that's what we have to do. [cheers and applause] you've got to vote for me. you've got to vote for me. [cheers and applause] you've got to. the even if you don't like me, you know? [cheers and applause] no, but even if you don't like me, you can sit there and say i can't stand that guy, but there's no way i'm going to vote for her. lauren: i heard -- that, to me, was like harris derangement syndrome, you know? he's saying she's so untrustworthy, who is she? she flip-flops all the time, where does she stand on things. he's saying you can't risk voting for herringer or you've got to vote for me even if you don't like me. stuart: it's entertaining. that's a very entertaining sound bite. watching that, listening to it and seeing it. lauren: next week at the debate i bet you he's not entertaining. i bet you he lays low, let's hee

talking and make mistakes on her own. stuart we'll see about that. >> i think it's crucial that he not go after her personality, but instead on substantive issues. i think if he looks like a bully, he's done. he's got to be careful. stuart: todd piro, what's most important to voters, do you think, trump's personality or policies? >> to follow up on what adam said, he needs to beat the policy home, and that's the way of doing it. basically saying you don't have to like me, but your bank account, your safety, your kids' future, they all like a trump presidency more than they like a kamala harris presidency. even if she gives off a vibe right now, to use their word, that she's likable. none of that puts food on your table. donald trump's policies do. i love that approach. i think he should drive that home at every single cam pane stop. you can hate me but vote for me because i'm a winner.

stuart: next one, abc has finalized the rules on the upcoming debate. no audience, harris and trump will stand behind podiums. the big one here, mics will be muted by the -- while the other candidate is speak. i think that harris' debate plan is to get under his skin, make him lose his cool. do these rules help her or hurt her? >> i think they don't help her. i think his way of counteracting this stuff, every now and again just smile because it'll show her that she's not succeeding with her only debate strategy which is to play games because, again, to my earlier point, if they all just focus on policy, he wins hands down. the one piece of warning i would give for the president, he kneads to be ready even though mics -- needs to be ready, even though mics are going to be muted, to correct when she lies both about her record and his record because she's already said i'm going to attack him for the lices. that's what the left -- the lies. that's what the left says. he needs to be ready for both of those scenarios.

stuart: all right, todd, stay there. you're with me for the hour. nate silver has changed his prediction model for this election. lauren, the is trump still on top? lauren: yeah. he now has a 58% chance of winning the electoral college, harris at 42%. the reason trump is extending the lead is the sugar high that harris has had has worn off. nate silver blames poll erosion in two key states. in pennsylvania he did not choose governor josh shapiro as her running mate, and also in michigan. she's still leading in both of those battlegrounds, but it's narrowed. she also hasn't connected. you know, she was fresh and exciting and joyous right after she got into the race and through the dnc, and now we're starting to the hear from her policies, and a lot of her policies are exactly like donald trump. so at the debate i would say one thing to her, did you stand by joe biden's economic policies? because yous are all different now, so what'd you cofor the past four years? who are you?

stuart: do you think abc will ask that kind of question? i don't think so. [laughter] the trump campaign released their august fund raising numbers. lauren: they're ending august with $295 million, a bit less than july, that's when they had the rnc and the failed assassination attempt. kamala harris has not released her final haul for august but, yes, she did have $35 -- 540 million since she entered the race. stuart: take a look at futures, how are we going to the open up this morning. not much price change waiting for the employment report. adam john zune's -- johnson's with me for the hour. you have a price target on the s&p 500 of 6,2320 -- 6,200. make your case. >> that's consistent with 10% earnings growth which we have seen over the past several quarters. it was actually 7, then 8% and most recently 10%.

so what i'm saying is that trend in earnings gains continues. if you put a 222 p if e ratio -- 3 -- 22 multiple on earnings of $275 which is reflecting 10% growth, you get to 62000. it's very simple math. stuart: does it always work like that? >> not always. i mean, it's not a straight line, stuart, and you just look at the volatility over the past several months, it's not been a straight line because the market thought it had a sure thing in donald trump. all of a sudden a biden's out, harris is in. that flipped it. who's going to win? we don't know now, so the market went down. it's the never a straight line. september is a notoriously difficult time for the market, but my goal is not to be right over the next three weeks, it's to be right over the next several quarters, the make money for my clients consistently. and we have an expanding economy, we have rising profits, we have inflation that's

effectively beaten, and now we have rate cuts that start, most likely, next week. there's a lot more to like than to fear, and i think stocks rally from if here. stuart: tell me about tomorrow's jobs report. if it's more than 160,000 added to the economy, strength, does the market go down or up? >> well, the reasoning would be if you get a very strong jobs report, hey, the fed doesn't need to do anything. actually, no, that's not correct. jerome powell has already told us the plan, and he's going to start cutting rates in about 10 days. so i almost feel like it doesn't matter what we get. i know that there's some who say, well, if we get a weak jobs report, he might cut 50 basis points. okay, fair point, he might. and the market assane -- assigns a 30% probability to that. he's a gradualist. he goes in very small increments. he is very steady which is one reason why i think, actually, while he takes some criticism, i

think he's done a reasonably good job with at orchestrating a soft landing for the economy. i'm good with it. i don't think the jobs report matters. i think we already know what's going to happen, rate cuts next week. stuart: only 999,000 private sector jobs -- 99,000 added to the economy, that's a very soft number. >> yeah, that is a soft number, but it's still growing. and the good news is that we have growth without excessive growth. so that's better for inflation. it's more balanced. stuart: 5.16% on the 1-month treasury. that's why you're getting a very nice return on those money market funds. >> yeah. well, enjoy it while you can because as you were just showing at the top of the show, the 2-year and the 10-year are down to 3.73, so enjoy it while you can. it ain't gonna last. stuart: thanks, adam. trump had this warning about the state of foreign affairs. >> we're heading into world war

iii territory. and and because of the power of weapons, nuclear weapons in particular but other weapons also -- stuart: world war iii? that bad? general jack keane will tell us how he sees it. trump blaming harris for the border crisis and offered this solution can -- >> she was in charge of the border. it's the worst border in the history of the world. we have to stop it, and have to do the largest deportation in the history -- [cheers and applause] stuart: ooh, how would deportations of that size actually work? some florida congressman carlos gimenez is here with us shortly on that issue, deportations. ♪ i can buy myself flowers, write my name in the sand. ♪ talk to myself for hours, say things you don't understand ♪

stuart: it's going to be a fairly quiet opening to the market this morning. i don't know how it closes but, or you know, up 30 on the dow, down 50 on the nasdaq, that ain't much price change. democrats ramping up public skepticism of recent polling. alexandria hoff joins me. what's harris saying about the polls? >> reporter: playing that game, stuart, that politicians do do around this time in the election season when they say they're not watching them, but she might have some reason for that. here's the vice president yesterday. >> this race is going to be tight until the very end. so, please, let's not pay too much attention to the polls because we are running as the underdog. >> reporter: okay. so she might have reason to be hesitant. we know many pronexts in 2016 and 2020 underestimated support for donald trump or here's the

former president on why he thinks that was. >> i tend to apollo. in some -- poll low. in some cases really low. in 2016 i was polling low because people didn't want the say who they were voting for. i don't know if that's a good thing or a bad thing, but it is whats it is. >> reporter: so this is a real thing, it's called the shy or the secret trump voter. it's gotten a lot of attention, but pollsters say they've made some changes to try to account for that. there's9 another side of this coin though. darren shaw, who's the republican partner for the fox news poll, explains how new democrat enthusiasm can complicate results if pollsters are not carefulful. >> you know, hearst has replaced biden -- harris has replaced biden, and democratic enthusiasm seems to to get up. are we going to get differential response rates from if republicans and democrats, and we're all over that. we want to the absolutely make sure that's a something we're look at in every single survey because you can correct for those things in your sample.

>> reporter: think of to it like this, if newly-enthused democrats are always the ones saying yes to answering poll questions, they might if fill up those e democrat quotas and leave out the perspective of less enthusiastic dems, people who still vote but might not vote for harris. back to you. stuart: thanks very much. now, listen to what trump had to say about immigration and what immigration would look like under the a harris administration. roll that tape. >> she wants open borders. now all of a sudden she say, oh, i think we'll close the border. she was in charge of the border. it's the worst border in the history of the world. take a look at aurora in colorado where venezuelans are taking over the whole town. they're taking over buildings, they're knocking down doors and occupying apartments of people. the people are petrified, and it's getting worse and worse. we have to do the largest deportation -- [cheers and applause] stuart: okay, the largest

deportation. florida congressman carlos gimenez joins me now. congressman, it's going to be difficult to deport 8 million migrants, isn't it? how would it actually be done? >> well, i think you have to follow the law. first of all, you've got millions of people that have been met in by the biden-harris administration over the last four years. instead of using the money for 87,000 irs agents, i think we need to use a lot of that money to get more immigration judges. everybody's got their due process, it is the united states, start processing and adjudicating these claims at a much faster rate. we know that 80 or 900% of those asylum claims are false -- 90%, and the law says once found to be unrwa and you really don't have -- untrue and you really don't have a reason to be in the united states, you are deported back to the your country of origin. you follow the law, but you do it at a much more rapid pace, and i think that's what the president needs to do, and i think that's what he will do once he becomes president of the united states. stuart: all right, congressman,

a new reuters poll shows trump is narrowing the gap with hispanic voters. hearst has a 13-point lead, but 4 years ago biden had a 21-point lead. why is trump making up ground with hispanics now compared to 2020 the? if. >> well, because, i mean, he's communicating. look, hispanics are -- we want the same thing that everybody else does, you know? and we want the rule of law, we want a good economy, we want america to be strong. and so that resonates with americans, and it resonates with hispanics. and so president trump is connecting with hispanics at a level that we haven't seen in a long, long time with republicans. we have more and more republican hispanics are being elected to office around the country, and so i think that in the end, yeah, you will see more and more hispanics shifting over to president trump and the republican party. and that's going to be part of the strength of the republican party in the future.

stuart: real fast, are hispanics upset at the sheer volume of hispanic illegal migration? does that upset 'em? >> it up yet -- look, hispanics aren't for illegal immigration, we're for legal immigration, okay? most of us came here legally. so we're just as upset as everybody else. the volume of illegal immigrants that are entering the united states. we believe in the rule of law. and that's why his manics are, you know -- hispanics are graph tating to the republican -- gravitating to the republican party and to president trump because we believe in the rule of law and legal immigration, not illegal immigration. stuart: that's why we are both here, i believe. carlos gimenez, always a pleasure. see you again soon. >> pleasure's mine. stuart: vote.org, has a monopartisan group that just released a number of new voters they've rebelling registered in -- registered in this cycle. is it a big number, lauren? lauren: over a million new

voters, 17% come from swing states, 79% of them under 35. those are young voters, many of hem first-time voters because they're now 18 years old. the big question is, who does that help? when you're talking about young voters, many people say that allically helps the democrats. -- automatically helps the democrats. young people can't buy homes, do they change their mind and flip republican? stuart: so, todd, if we get strong voter turnout, does that help harris or trump more? >> i think at the end of the day it probably helps hearst more especially when you look at a vote.org kind of collection device -- harris more. i think vote.org is putting out many more democrats than republicans. so my advice to the president trump would be this: aside from nevada, you have huge college football stadiums many every single one of those swing states. and if having attended a college football game when donald trump was president, he went to the alabama-lsu game in tuscaloosa.

99.9% of those fans were for trump. he goes there, galvanizes vote support, i think he could get that 18-232-year-old male -- 2 2222-year-old male. i'm telling you. -- 22-year-old male. >> go to football games. stuart: thank, todd. check those futures, please. not much price change at the opening bell, not much at all, but we'll take you to wall street right after this. ♪ too hot, too hot, lady. ♪ gotta run for shelter, gotta run for shade ♪ r r (husband) we just want to have enough money for retirement. (wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start

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stuart: all right, three minutes to go and we open the market. dow's up 600, nasdaq's down -- 60, nasdaq's down 70. there you have it. d.r. barton to, we've seen a big dip with nvidia. are you buying it? >> yeah, you know, we talked about this last week, stuart, just seven short days ago, and here's what's happened since: not much! on the business side of things, i think one of the good things that's happening is it's the gotten to a level i talked about last week, down here around 100.

it's trading 105 premarket today. i think anything below 100 is sort of a fail safe -- stuart: so you're not buying it. >> i want to be out. but i'm buying it here, stuart. stuart: wait a minute, wait a minute, we're a talking over each other. are you buying it at a $104.92, are you lying -- buying it? >> i do like it at $so 104.932, and i get out right below 100. my whole stop for the whole position, right below 90. buying it, stuart. stuart: okay, got it. you've recommended defense stocks several times, and you've done well with them. you like lockheed, rtx and general dynamics, right? >> correct, stuart. you know, all three of those we talked about on the show. lock heed is my favorite among the three. they're at all-time highs right now. they are doing lots of things well on the military side as a defense stock, but remember they

have that neat little backroom group inside of lockheed martin that does, cybersecurity, and they are going gangbusters as well. so, yes, i like all three. i really love lockheed the best though. stuart: got it. d.r. barton buying nvidia at $104 a share, and he stops out if it goes below $100. interesting strategy. see you next week, des moines r., see you later -- d.r.. we're about to open the markets, we show you this shot every day. somebody leans forward, presses the button and off we go. the elephant in the room today is tomorrow's unemployment report. there you go, we've opened the market. you might have some tentative unwillingness to go into the market to the, but we've opened on the upside. the majority of the dow 30 are in the green, heir going up, and the dow has opened with a 100-point gain. move on to the s&p 500, that too is ever so slightly higher.

all of 2 points, .04%, i call that dead flat. and the nasdaq composite, that too opening down, actually, down a fraction, .07% on the downside. show me big tech, please, let's have a go at all of them. amazon and apple up, meta, alphabet and microsoft are down. check out u.s. steel. now, this stock plungedded yesterday on the possibility of, you know, the sale to the a japanese company being blocked. tell me more, lauren. lauren: i can cut to the chase and say the deal is as a good as dead. you have biden, harris, trump and the unions in the swing state of pennsylvania all opposing this. the washington poe spotter report -- "the washington post" is reporting joe biden is saying he will block the sale on national security concerns. but nippon seal says it has not received any update from cfius about this. the question is what happens if this deal is nixed. u.s. steel has already warned

thousands of job losses. stuart: yeah. lauren: it might have to move its headquarters out of pittsburgh, pennsylvania. so whenever, if ever biden makes an announcement, can there be some sort of compromise to keep those jobs, to keep the company? it's the number 24 in the world steel maker, so it's small potatoes. can another buyer like cleveland cliffs stand up and buy their -- raise their hand? stuart: i think it's the worst policy decision of all time. u.s. steel needs capital. japanese are offering -- lauren: yep, an ally. stuart: with where's the national security concern here? i don't with get it. it's nationalism, that's what it is. it's pure nationalism. we can't let anybody take over u.s. steel. if they had a different name -- [inaudible conversations] >> right. if it were called adam johnson steel, i don't think everybody would feel -- right? it's u.s. steel. stuart: japanese could buy you out immediately. >> i think we're knew in agreement, we're free market guy, let the market decide.

stuart: the -- if you need capital, get it. nvidia say they did not receive any subpoenas from the justice department. what's going on? lauren: it's semantics. bloomberg now says it wasn't a subpoena, it was a, quote, civil in thive demand, often referred to as a -- investigative demand. the the president the of justice want -- the department of justice wants more information about run a.i. and about sales practices, are they anti-competitive. this would be a ramp-up the to a potential lawsuit. the question is, for me, why would the u.s. want to kill our golden goose? i mean, if nvidia already says we have so much demand to completely outstrip supply, add in all these legal headaches and you think they're going to be able to produce more chips to meet demand? just doesn't make any sense to me. stuart: what have you got to say, adam? >> this is what democrats do, they regulate, regulate, regulate. look at lina khan at ftc, gary

gensler at the sec, look at a what the doj tried to do to to donald trump. they overregular rate, they get in the way, get the dems out -- lauren: final note, sock's up now. -- stock's up. hell week for nvidia this week, it's down 11%. broadcom reports tonight. stuart: dr. barton says he's buying at 10. -- 104. let's go to the qualcomm. they're partnering with google and samsung on what? lauren hurp reportedly, a mixed reality smart glasses, virtual reality that links to your phone, and that's a apparently the important part. so instead of controlling it with, like, hand gestures, you just control it with your phone. and instead of it being clunky and uncomfortable and heavy to wear, it would be like wearing sunglasses. stuart: it's not the goggles. lauren: doesn't seem like it. it would run artificial intelligence both on device and on the phone, not in the cloud.

stuart: okay. alpha a bet's up and qualcomm is down. verizon says it will buy frontier communications. so what? what's the deal about? lauren: broadband. verizon's fiber network is largely in the northeast and the mid-atlantic. frontier is in half the country, 2.2 million subscribers. verizon wants to offer broadband, tv, wireless. so that's why they want frontier. a lot of this was already baked into the stock. i would argue that's why frontier is down right now. the deal is worth $20 the billion. stuart: i would buy verizon for the dividend because it's secure, and i believe it's 4, even 5%, isn't it? >> i think that's right. it's a boring company, but sometimes boring is good. [laughter] stuart: i've got to to go to tesla. you've got news of their full self-driving mode. have i got it right? lauren: look at the stock. they were up, what, 5% yesterday to too? so full self-driving is highest level driver sanction the software that elon -- software

that elon musk offers. so tesla says psd will be -- fds will be available in china and many europe early next year pending regulatory approval. here at home, $99 a month to get it. and it's getting better. elon musk says it can park better and go in reverse better. stuart: okay. wait a minute, what just happened? didn't the dow open with a 10 100-point gain? >> it did. >> five minutes later, we're down 90. something must have happened. i'm not aware what it is. we're down 89 points now. all right adam, time for you to reveal your stock picks. >> indeed. stuart: start with excelis technology. >> this is a company that that embeds silicon wafers with ions. that's fundamental basis of a semiconductor. so given all the demand for if a.i. and everything that has chipped in it now, there are 3600 chips in your typical new

car, so you need companies like this. they are the world leader in doing this, down 35% which is crazy because they're only trading at 15 times earnings with 30% growth. buy it. stuart: okay, got it. the nfl season kicks off on the to, i believe. >> yeah. stuart: you really like sports betting apps like draftkings. >> again, best in breed. they're best in breed for offering online gaming for people who like to get. the stock is down 35% because some of the the statements are imposing new taxes -- states are imposing new taxes on draftkings because hay want to make money because draftkings is making money hand over fist. buy the stock on this dip, down from $50. growing 40%. it's number one, and this is the season for betting. stuart: yes, it's. nfl's king of sports. >> king of sports. stuart: coming up, former state senate leader -- senate majority leader, this is the state

majority leader in california, she says the democrat party has failed her, so she's become a republican. big news. watch this. >> i changed my voting registration today as the sun was rising to republican. which has, under donald trump, become the champion of working people. i will vote for donald to the trump the fall. donald trump this fall. stuart: incredible. that's california? steve hilton was there for that announcement, and he's going to join us in the 11:00 hour. trump revealed details about debate negotiations with harris. >> they wanted notes. >> they wanted to be seated and they a wanted your mic hot. >> they wanted a desk. i said you've got to do a stand-up. stuart: -- ask florida congressman byron donalds what he expects from this matchup. a strong labor trend throughout the biden-harris administration, the influx of foreign-born workers. how have migrants changed the job market?

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stuart: we are 12 minutes into this trading session, and we have the nasdaq up nearly 90 points, the dow's off 48. home depot, unitedhealth, caterpillar, together they're three dow stocks shaving 110 points off the average, that's why we had a turn-around. up 1000 at the opening bell -- 100, down 50 points, those three stocks did a number on the dow. tomorrow we'll get a look at the august jobs report, a key indicator as to the strength of the economy. edward, how do migrant workers fit into the jobs report? >> reporter: stu, over the past year porn-born workers hers have outpaced mative-born workers in getting jobs. the federal reserve is concerned about that underlying jobs market. in fact, in the jolts report we saw yesterday it said that the revisions for the number of layoffs were up, so 6 2,000 more

people were laid off in june than first thought. so uh-uh asked if the -- i asked if the president is concerned bidenomics may not have produced a strong enough jobs market went a jobs report coming out on friday. has the jobs growth significantly stalled in this country? >> so a couple of things that i do want to touch on and, look, because of the, because of the strong recovery and the work that this president and vice president has been able to do over the past three and a half years, look, we're trying to get our economy back to normal, and we're seeing signs of that. we're seeing data. the job market remains strong. >> reporter: but another big miss in the jobs report friday could bring a recession word become into the discussion because it would amount to a very quick, significant job slowdown. but when you add immigration into the mix, the "wall street journal" found the labor market might be affected for decades as the cbo estimates less than 30% of new migrants over the past four years received lawful permanent resident status

meaning 7 in 10 new migrants did not come through normal channels. the biden-harris administration has been looking to increase the amount of work permits. as it now looks, companies are starting to limit and contract the amount of people that they're hiring going forward. jobs will play a big role in the next election cycle. back to you. stuart: got it, edward, thanks very much, indeed. joining me now is e.j. antoni, and i have this question for you, are migrants driving wages down? >> well, stuart, we forget that the labor market is fundamentally a market. it abides by the laws of supply and demand. and if you're going to the increase supply -- in this case, massively increase supply, specifically of low-skilled labor, then you will depress if wage growth because wages are the price in the labor market. i mean, i think it's amazing that so many of the elites in this country can push this narrative that somehow the labor market is magically not a market, i suppose? again, that it doesn't abide by these laws of supply and demand.

i think the reason why they do it is probably the fact that the people who are being imported into this country, these low skilled migrants, or this low skilled labor, rather, they're not competing for the jobs of these highly credentialed academics, for example. stuart: here's a story i really like. "the wall street journal" reports that the trump will back elon musk's proposal for a commission on government efficiency. apparently, all government agencies would be audited. i think it's a greated idea. how about you, 'em j.? if. >> -- e.j.? >> oh, stuart, this is phenomenal, and who better to head up such a program hand elon musk, a man who buys twitter and eliminates, what, 80-90% of the work force? and the product becomes better. s this is exactly the kind of efficiency with we need to bring to government, particularly the federal government. stuart: it would put the fear of god into the deep state, would it not? [laughter] i mean, because it's not easy to get rid of entrenched government

bureaucrats. it would not be easy, would it? >> no, not at all. and this is one of the reasons why the civil service reform that president trump has essentially promised to bring to the a future administration, i think, is so crucial. because we can't have these entrenched bureaucrats who are basically unfireable and in their positions forever and not accountable to the voter. stuart: well said. e.j. antoni, we'll see you again real soon, i do hope. thanks very much. a programming note for you, former president donald trump is speaking at the new york economic club today. it takes place at 12 the noon ian, and you can watch it here on fox business, 12 noon. adam johnson's still with maine i want to go back to immigration and its impact on the labor market. >> right, right. stuart: migrants are work working, aren't they? whether they're supposed to or not? >> yes. and i think what the congressional budge office is getting at is trying to figure out, trying to resolve how it is that these six or seven million new entrants into the country

who can provide cheap labor and you don't have to pay them, or right, over the table, you can pay them under the table, might that explain why there were 818,000 fewer jobs created this year than we thought. well, it's because employers are paying migrants, and they're paying them with cash, so they cancel the job posting. that may be what's going on. stuart: could be. thanks very much. coming up, when joe biden was elected, he was supposed to be a centrist, but that didn't last. if harris is elected president, how do we know she won't take a similar left turn, raising taxes even more? if that will be my take at the top of the hour. pro-hamas crowds back at college campuses. our next guest says it is the most privileged students who are spearheading these protests. new york post columnist ricky. >> lot is here with that next. ♪ ♪

stuart: according to columbia's anti-semitism task force, the most privileged students are the ones spearheading the pro-hamas

protests on campus. new york post columnist ricky ricky. >> last is with us this morning. why is it that the most privileged students are doing? >> this is from a separate report that looked at universities across the country and found that students who go to schools with the highest tuition and the lowest percentage of students on pell grants were most likely, by far, to have an encampment on campus. and in my opinion, i think that this is a form of the so-called luxury belief where if you really have nothing to the worry about, if you're not if paying your own tuition, if you're not on campus for your own sake, hen the you can potentially take on a totally frivolous or irrelevant conflict such as something that is happening across the world rather than actually grinding on your schoolwork. so i do think you do see the highest percentage of kids when aring willing to become an activist like that for a cause they really only learned about a couple of days earlier. stuart: it's pretty standard history though, isn't it?

wealthy youngsters go through a period of intense left-wing activity, then they grow up when they're about 25 and start paying taxes. would you agree with that? >> yeah, absolutely. college campuses are the hubs of this. even though there are broader protests breaking out, they're often the people at the helm of them are recent graduates too, so i think that adults who are paying taxes, who have a family to support, who are paying their own bills unlike college students who are going to schools that cost to $60,000 plus a year and whose parents might be footing the bill for them actually have some real world concerns and don't have two weeks to pitch a camp and camp out in the quad. stuart: i'm sure you saw this, the meta's oversight board ruled the phrase from the river to the sea is not hate speech. do you agree with that? >> you know, this is a off one, but i do believe in maximizing free speech. i do think that that's the correct decision. however, i think it's revealing that meta has historically

censored a lot of content that i don't think they should have been censoring such as misgenderring or the definition of hate speech has censored, i think, some legitimate speech as well. so i think the selectivity of them saying, oh, this instance is not hate speech is revealing in the same way that claudine gay, i think, was right to say that certain very inflammatory language was protected on campus. but the fact that all of a sudden these institutions are hiding behind free speech is revealing, and i can can understand why that's offensive to, certainly, jewish people. stuart: thanks for being with us, all good stuff, appreciate it. >> thank you very much. stuart: the protests have spread beyond the campus. a report many new york city kosher deli customers were harassed by the pro-hamas crowd. that's a dangerous development. >> these protests and protesters are well funded by rogue entities. i'm looking at you, iran. everything she said was right. when your major is basket

weaving in the dei universe, you're not trying to get a real job when you graduate. this is kind of like field work for their majors. the majority of these students at these schools are taking economics, business, they're trying to get a real job and who, trying to work. stuart: thank you, todd. >> my pleasure. stuart: same with you, adam johnson. still ahead, trump says we're in third world war territory -- no, he says world world war iii territory. we're going to find out what general jack keane thinks about that. trump is making up some ground among hispanics and the youth vote too. would that be enough to put him over the top in november? we will ask kaylee mcghee white. the former state senate majority leader in california just switched to the republican party. steve hilton was here for the dramatic now. he joins us in the 10:00 hour. there will be more "varney" after this.

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stuart: don't stop me now. look at the bridge, three days in a row of bright sunshine,