tv Varney Company FOX Business September 10, 2024 10:00am-11:00am EDT
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wish you could be in new york with us. good morning, everyone. 10:00 eastern, to the money, dow industrials are down 100 points. goldman sachs is way down dragging 130 points off the dow industrials. the 10 year treasury yield still above the two year yield, we are looking at 370 for the 10 year. the price of oil $68 a barrel, down to 67, another dollar. bitcoin at 56 earlier, 56,700. the media is rattled. kamala harris's honeymoon is over, the euphoria stated in her lead in the polls is disappearing, trump may win. debate night could seal the deal.
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pull out the stops. concentrate on trump and how awful he is. look at the anti-trump headlines in one day in the new york times, donald trump's long history of belittling women on the debate stage. as debate looms trump faces questions about age and capacity. that's the lead story today. trump should be scared, very scared debating kamala harris. there's a similar cascade of condescension and bias throughout the media including abc news which will host the debate. the court of media opinion, trump can't get a fair shake, doesn't deserve it. answer with extreme prejudice. the media doesn't care that harris has ducked media questions. she can't take the risk of exposure. the media doesn't care that she's reversed course on so many issues and don't care that she has failed in so many areas for the last 3 years. all harris has to do is get through without a major gaffe.
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if she does that the media will say she won even if she comes across as on presidential, confused, or week. tomorrow the media will back her up like they try to do with president biden after his disastrous debate performance. they can't put harris aside just weeks before the election. under no circumstances will the media concede that harris is a poor candidate with a terrible track record. they will delegate trump and support harris no matter what. second hour of varney just getting started. what do you say, kaylee? the media will always be negative on trump no matter what? >> absolutely but i'm at the point i don't think it matters that much. glad you used abc as an example, the media research report that showed abc had 90%
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low coverage for kamala harris. 90% negative coverage for donald trump. if you look closely you might see a big difference in the way the network treats those candidates. we had several polls that showed voters just aren't buying it. nearly half said that kamala harris is too liberal for their liking, more than that says kamala hearst is not representing significant change from the current administration and for the past several months the media has insisted that kamala harris is a centrist now, that she is a change agent and these polls show that voters don't believe that. stuart: listen to what one cnn reporter said about here is losing her lead in pennsylvania. role it. >> the bottom line is if kamala harris loses in pennsylvania and that is the tipping point state that put donald trump over the top in the electoral college there will be questions as to whether kamala harris
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should have chosen josh schapiro given how popular he is in pennsylvania and we don't know who will win pennsylvania but it's a question with pennsylvania polls getting tighter, that i -- stuart: on the democrats getting worried? >> i think they are and he's right. overlooking josh schapiro and choosing tim tim walz was up forced air that calls into question her political judgment. the choice of tim walz has convinced voters she's as radical as she said she was in 2019 and the reason you see voters moving away from kamala is a believer when she said these things that she supported a ban on fracking, supporter radical policies they don't appreciate and she has yet to explain why she has suddenly flip-flopped on those policies, doesn't matter she's released a platform shifting to the center, she's not a claimed to voters the reasons for the shift.
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they do not believe her at this point. stuart: i think trump should concentrate on harris's policy shifts. that will be powerful. >> absolutely. why have you shifted on these positions? right now the only answer we have is from bernie sanders who admitted she shifted in order to win her positions haven't changed. that's a bad answer if you other harris campaign. stuart: she will say her values happen changed and that's not a dynamic answer. all things change. thank you for joining us. appreciate it always. michigan state supreme court ruled rfk junior will remain on the ballot despite withdrawing from the race. lauren: kennedy wasn't entitled to extraordinary relief of removing his name. you waited four months before asking the court to remove your name and ballots were ready to
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go to print. the issue is it is michigan. michigan will be tight as a tech and for voters on the fence between trump and biden, kennedy might have been their protest vote but now that it is harris will kennedy be a protest vote? if you could vote for kennedy michigan how many people will? stuart: good question. now i i see the dow way down, 180 points, goldman sachs takes -- accounting for 110 points of that loss for the dow industrials. one stock taken down a lot. look at dollar general and dollar tree. both, not just stocks but businesses have been under enormous pressure recently. dollar store earnings were pretty bad. is that a recession indicator?
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>> i think it is. you can't ignore it as much as people would like to. their target market is 30,000 to 45,000 earnings per year. those people stopped going, even the cfo of target restaurants, olive garden, they said they've seen a decent amount of revenue, their target from $70-$80,000 a year, dropped off the face of the earth. we have the consumer basically run out of money. that leads to the fed would like to help them, but that's another story but at the same time they have to worry about inflation. the consumer is tapped out, no more money that could lead to
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something -- there's going to be opportunity in the markets whether that does happen but you can't ignore the fact that mom and pop on main street are hurting. people ignore that fact. stuart: i've been ranting about the european union going after american big tech companies, google and apple have been find billions and billions of dollars. what do you make of this? >> you know i lived over there for 16 years. i have a british passport. i continually saw their governments trying to take a big piece of skin off of us tech companies because they were easy pickings, money for the taking. kind of like illinois raising property taxes. same thing in europe. they go after big tech because
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that's one of the few places they can get money. they did it for the entire 16 years. they never exalted them and your point in the top 50 firms only four were europeans. stuart: thanks for joining us, see you again soon. it takes 136 points off of the dow. lauren: david solomon says their trading revenue will slide 10%. august was a bad month overall. taking goldman down is a big stock. stuart: big loss for major corporation. many of the union workers are mad about a deal their management struck with, they
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wanted more pay, 25%, better pensions. they could reject it, and if that happens, they could strike. boeing down 2%. stuart: $159 a share on boeing. southwest airlines. lauren: down 3.5% as executive chair gary kelly will leave the position next year. this is part of a shakeup after the activist investment management calls for change in the airline. gary kelly, to me is synonymous with southwest. he's been with the airline almost 40 years. and now he is out. stuart: the space x polaris don, the crew traveling through space now, the private mission will include the first-ever commercial spacewalk. details on that. united steelworkers union is against selling to a japanese company. that's not the case for steelworkers themselves. lydia has that report coming up
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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection.
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therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. stuart: dow jones down 247 points, bifurcated market. the nasdaq is up 12, dow down 250, united steelworkers union not happy with potential sale of us steel to a japanese company. lydia, the union is against the sale but what about the union rank and file?
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charles: lydia: u.s. steel employs 4,000 workers in pennsylvania. you can imagine with so many workers opinions differ. i had reported before that workers agree with those top union officials that this deal should be blocked. those workers worry that they will not honor their labor agreement and could eventually lose their jobs. others disagree like this group of workers who broke with the union to speak with us. they think the offer and promises for investment in the company will protect their jobs and many of their coworkers agree with them. >> i think we look at it more as saving everything we worked for for the last 27 years, and everything the folks being
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hired now want to work for for 27 years and beyond, representing all the folks on the floor that i care about. >> reporter: with spoke with local elected officials like a mayor of a town outside pittsburgh, nippon buying us steel is best for the local economy. >> i met a lady the other day who has a welding supply. her biggest contract is with us steel, she has 28 employees, she said they would fold. 28 people would have to find a job somewhere else. that is just one. that is just one vendor. >> reporter: president biden is reportedly preparing to react to block the sale of us steel to nippon, but they hope by
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speaking with us and getting their message out that they support the sale of us steel, that could change the course. stuart: thank you very much indeed. headline from elon musk is dramatic. he says america is going bankrupt extremely quickly. >> america is going bankrupt extremely quickly. everyone seems to be whistling past the graveyard on this one. the defense department budget is a very big budget, $1 trillion a year, dod intel, $1 trillion. interest payments on the national debt exceeded the defense budget, over $1 trillion a year just in interest and rising. we are adding $1 trillion to our debt, which parents and grandkids have to pay somehow.
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stuart: musk is talking about the likelihood of and intending debt bomb, interest rates are rising. is a debt bomb close? >> that's a tough one. i agree with elon musk that it's point, don't know if it will happen in 3 weeks or 3 months or 3 years but if we stay on this course i believe the probability of a major financial crisis like we saw in 2008 is probable. the carnage with the real estate crisis. it is also true it is not too late to turn the state around. we need to dramatically reduce government spending and that is why i love elon musk's idea on government efficiency. you get rid of the redundancy, fraud, waste, and abuse.
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and every federal agency, to the federal bureaucrats that is like putting a cross in front of a vampire. i believe you could easily, you and i could sit down and find $1 trillion, that is how much waste there is in this budget but we also have to grow the economy. if we take all the graphs and charts that show the debt went up and up and up, if you grow the economy to 3.5% this is why kamala harris is so wrong, everything she wants to do in terms of dealing with the debt crisis is raise tax on capital gains, on high income business owners. that will slow the economy and keep the debt crisis worse. everything we do from now for the next 10 years, how do we
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get the economic growth rate up so we are growing the private sector of the economy faster than the government or the debt? stuart: 63% of voters believe the economy is on the wrong track. what would be the right track? strong growth, low inflation, low interest rates and small government? do people want that? >> it's not complicated. you are not an economist, exactly, grow the economy, keep taxes down and have a simple fight tax system, do what we can to trap foreign investment. a discussion about nippon, we want that investment in the united states, over $10 billion in the united states that will save and steel industry but if you block the nippon steel
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deal, the biggest winner is the chinese. they have 50% of the steel. they are probably giving money to biden to stop this deal from happening. we want more investment in the united states especially, japan is an ally, this is in 1939. stuart: what is the one big thing you want to hear from donald trump tonight? >> i want to have him ask kamala harris this question. how are you going to grow the american economy and get jobs back with a $5 trillion tax increase? i can't wait to hear her answer to that. stuart: let's see if he asks that question, he might. always a pleasure, see you again. as for earlier this morning space x launched their polaris don mission. what is so special about this one?
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ashley: this particular mission will feature the first ever commercial spacewalk. billionaire jared isaacman is joined by retired air force pilot to space x employees as well after two weeks of delay the falcon 9 rocket blasting off from kennedy space center at 5:23 eastern time attempting to set a post-apollo astronaut altitude record and carry out that very first nongovernment spacewalk. >> 6, 5, four, three, two, one. lift off. go falcon, go polar us. stuart: there you have it. very spectacular. down the coast from me. i looked, couldn't see it in the clouds.
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often you can but not today. isaacman and sarah gillis take turns spending 15 minutes outside the ship's forward hatch to put their suits the test. pre-high-risk. at the high point of this mission the crew will be farther from earth in any piloted spacecraft since the end of the apollo moon program. the polaris don mission is the first of three more space x flights. isaacman is funding in cooperation with elon musk. stuart: i think so too. new york lawmakers urging governor hochul to waive sanctuary city laws. they say the city has become a prime target for terrorism. why is it still sanctuary city? former governor andrew cuomo will be grilled over his invited -- forcing nursing homes to admit covid positive patients. what we can expect from the hearing today. we will be back.
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nasdaq up 51. what is with tesla? lauren: way up today. a report that the eu below are proposed tariffs on the shanghai made evs, stock is up 3.2%. big tech love green. elon musk has a lot of green with tesla. stuart: packet enterprise. lauren: they make a i service and launch the stock offering to fund the billion dollar acquisition of juniper networks, juniper makes networking equipment. hewlett-packard goes in on a i, they need to raise more money. stuart: i bet under armour is down. lauren: they lowered their annual outlook with a lot of $200 million, citing higher restructuring costs closing a distribution facility and lay off employees. stuart: today, former new york governor andrew cuomo will testify before the house covid
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19 subcommittee. this is about the nursing home deaths under his watch. what can we expect today? >> reporter: we can expect fireworks, andrew cuomo said the republican led subcommittee, to pursue amaga conspiracies, nothing more than a distraction from donald trump's failed pandemic response. finding cuomo was responsible for the march 25, 2020, directive forcing nursing homes to readmit covid 19 positive patients concluding it expose vulnerable nursing home populations to covid 19. cuomo personally reviewed and edited a july state department of health report to ensure it blames covid death on nursing
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homes staff and not his office's directive. the report says cuomo downplayed the nursing home crisis by purposely hiding the nursing home covid 19 death rate, excluding out of facility deaths. at least four aids believe this july 2020 report was ordered by cuomo. one reading this is going to be the great debacle in the history books. don't you see how bad this is? doing that error and give up? the coronavirus pandemic subcommittee chairman writing andrew cuomo knows the answers to the 15,000 families who lost loved ones during the covid 19 pandemic. cuomo denies editing the july 2020 state health report. it's going to be something on capitol hill. stuart: several new york city councilmembers want governor hochul to issue an executive
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order to waive sanctuary city laws. joe borelli joins me. why does new york maintain sanctuary city standards when it brought so many problems? >> mayor adams, governor hochul saying we should reform these laws. the embedded far left in the state legislature are not going to bed. this is a sacred cow for the left, unvented, undocumented people, their goal, there end is having these people here. stuart: a bunch of people on the new york city council believe that. >> the governor like the president can issue an executive order basically undermining the laws for the time the executive order is enforced, she can do that tomorrow. it will be in play as long as she keeps it and new york city can cooperate with ice, talking the migrants who commit crimes.
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that's what we are asking for. she can end this problem tomorrow. stuart: back to governor cuomo's covid hearing today. we just heard the evidence is he changed a report to make it look like it was the nursing home staff that was responsible and cuomo himself blames trump. can you explain that? >> a ploy to get democrats on the committee to back him up. he has few personal friends, few political allies even in his party, he won't get support from democrats on that committee. his effort to blame trump is trying to divert us from the fact there are 50 governors, only one governor wrote a book on his success during the covid crisis, only one governor who made us tune in every night as he dictated to us what is going to be close, how long we are going to close it, dictated laws and rules that didn't make sense, weren't approved by the legislature. only one governor in the country did that, andrew cuomo.
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today is the day he is held to task on what he did that bore out more benefit to the public if not made them worse and this nursing home scandal that is a scandal, they would have been leeway for him in the beginning of covid to make a mistake, any governor would be entitled to have some trial and error during covid but it is the cover-up, refusal to admit wrong, rewriting of history to make himself the hero of his own drama, that will get called to the table. stuart: we hear he wants to be the mayor of new york. >> you wants to be the governor of new york. he wants to return and re-ingratiate himself with the people of new york as governor. all the people surrounding him say you run for mayor is a steppingstone, it's a likely possibility. eric adams's problems have grown and he's a political animal and season-opening.
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stuart: do you think he can be elected mayor of new york? >> he would be one of the leading candidates. stuart: you're going to fear him based on new york city. >> some of the members of congress who might say something behind their back. i will bet my career on that. stuart: it is still a great city. >> it is. it will recover and it will recover. things will get better. i don't know if it will be in my political lifetime. stuart: you are all right. quick reminder. the bottom line will begin special coverage of the bait from 6:00 to 8:00 eastern on fox business and fox business will simulcast the debate at 9:00 pm eastern time. blaming republicans for the housing mess and much more.
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republicans who have refused to offer winning solutions to deep-seated problems. we will speak to a democrat who turned republicans because of this. we can find out what kamala harris after positions are, past support for gender transition surgeries for migrants. details from philadelphia next. ♪ ♪ (♪) (♪)
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>> reporter: we have new intel about why vice president harris is so much more moderate than she was in 2019. her team is telling us president biden has rubbed off on her. >> vice president harris spent the last three years as vice president of the united states. what has she been able to do as vice president of the united states? worked with president biden toward consensus driven solutions that can make change in people's lives, medicare for all, she's not running on a medicare for all. >> reporter: but she was and she says her values haven't changed which means at some point she may have to explain the evolution from 2019 when she said she backed taxpayer-funded gender reassignment for inmates and spending cuts to ice. our immigrant detention system is out of control. i believe we must end the unfair incarceration of thousands of individuals, families, and children.
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i was one of the first senators after donald trump elected to advocate for a decrease in funding to ice. tulsi gabbard, harris debate alum has been helping trump prepare. >> she's got hollywood advisers on stage, in hopes that her friends at abc and the propaganda media will declare the winter and that made the enough to trick voters into voting, i don't think the american people will fall for it. >> reporter: the harris campaign waited weeks to put in issues page, it outlines the broad platform she's going to run on but what took them so long? the new republic looked at the code on this new issues page and huge chunks of it are direct copy pastes from the biden issues page. former leader of california's state senate, senior position,
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gloria romero switched to the republican party and joins me now. why did you switch parties? was it because you like trump or you don't like paris? which is it? >> good to be with you. i've been a disaffected democrat for quite some time and i'm not alone. there are many like me. first and foremost it was the complete eradication of 14 million votes in the primary by the party of democracy. it is not driven on personality. it is driven on policy and under trump the republican party led by billionaire businessman has set about making sure we have and will have in the future and economy that works for working-class people, especially kamala
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harris casts the deciding vote which has given us unfettered inflation and there's more to come with that. working people struggling with retirements putting groceries on the table. the harris administration gave away student debt. my father worked the railroads, i owned a phd, never would have expected my father or any of our neighbors on our street to pay off my student loan bills and was a handout to the elites. stuart: take a look at this headline from the los angeles times. democrats are to blame for all california's problems but the gop is missing in action. at what way are the republicans missing in action and responsible for the housing mess or the crime mess? >> i no longer refer to them as the la times.
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i column the la slimes and stopped subscribing to that paper. it is delusional. the la times single-handedly been the media outlet which has perpetuated the endorsement and movement of democrats into the supermajority that undermined california over and over. you have to look at the ownership and operation of the los angeles times, it's opinion pieces. this is the newspaper that referred to larry elder when he was running for governor in a recall as the black face of white supremacy. it is unbearable and a shame. normally respected columnist like steve lopez would say something like this. stuart: they said that about that guy? thank you very much for being with us today. thank you very much.
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stuart: the split remains. the dow is off 170, the nasdaq is up 25. let me show you google and apple, both hit by huge find by the european union. apple taken for $14 billion, alphabet and google taken for $2.4 billion, the europeans are after our high tech money. miami dolphins wide receiver tyreek hill arrested just before the game against the jaguars. body cam footage shows how the arrest went down.
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>> keep your window down. i'm going to get you out of the car. get out of the car. get out of the car. get out. >> it was crazy. me being a husband, i was putting myself in that situation like i got to be smart. i was following rules. i'm still shellshocked from it. i'm embarrassed. stuart: brian kilmeade joins me now. not one party was right all the time on this and not one party was all wrong. that's my opinion. what do you say? >> i listened to the whole thing as much as i could hear online. lasted 25 minutes. what he did as a moving violation they walked up to his car which opens up like a delorean but when he gets there
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you say roll down your window, and tyreek hill says stop banging on my window. right there i am thinking i would never in a million years say that to any cop ever even if i was going the speed limit and didn't know what i was doing. he rolled it down and they rolled it back up. they said roll it down again and he was slow to do it, open up this door, slow to do it, wasn't getting out. he said the reason he didn't get out, a could maclaren youth sitting deep in the car, just had knee surgery and takes a while to loosen myself up. whatever you think about that he was definitely angry when he said stop hitting my window. i would never say that to a cop. when he got out, he wasn't sitting quick enough so they put him flat on the ground and you see one police officer in particular, teammates kept getting out of the car and told me i wrote to the police
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commission, he came back to me and said you don't understand. if you have dark windows and refused to do what he asked you to do, come out with a gun or drive away, run back and lose this guy or run you over and there is no routine traffic stop. you should listen. maybe it escalated too much, had any serious with something similar. i love tyreek hill's attitude since. stuart: a gentleman, i thought, trying to smooth things over. brian: not what he was doing since. stuart: should trump be trump? that's what his base wants. brian: he's not going for his base. he's going for the 7 battleground states to 1500, maybe 10 to 15,000 people. those people want to know can he do this?
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is this going to be chaos? is this going to be fix it, common sense. then something works in a state, you do, kansas, you do it different, texas. that is what i am doing with abortion. when it comes to ivf i am reasonable. low income people have a chance to be parents. don't know if the work out with $1.7 trillion but he could be a reasonable person. he hated biden and biden hated him. i don't think he hates her. he used to be friends with hillary clinton. he got out of control. he got angry. i would not be surprised if you look at these polls and set i no longer need a knockout. the momentum has stopped. i can relax and let this come to be. because she is a talent rich environment. stuart: what should harris do? brian: to tell 16 million people what her policies are and we have opportunity,
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freedom for all. when it comes to fossil fuels and this is why i am and, when it comes to medicare for all this is why i am out, when it comes to the border, here's what i learned since. that will be fascinating if she's got her two minutes, if she could take those two minutes and define herself, she won't talk to anybody. stuart: she could but i doubt that she will. we are out of time but thanks for joining us, see you soon. jimmy failla on trump's planning to loosen marijuana rules. harris had 100% positive coverage on abc news. trump had a 93% negative coverage. i will tonight's debate be fair? the wall street journal's
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