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tv   Varney Company  FOX Business  September 12, 2024 10:00am-11:00am EDT

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stuart: don't you love the drumroll in this song, phil collins, great solo career, look down sixth avenue, the traffic not going anywhere fast but the sidewalk pretty inching. it is 10:00 eastern time this morning. i'm ashley webster in for stuart varney. straight to your money. the 10 year treasury. let's see where we are with the 10 year treasury moving slightly lower when we began the session today and we don't have it. let's get the oil. can we get oil? oil still over $70. there you go. the tenure treasury yield moving higher up one. 3 basis points, crude oil still under $70 a barrel, $67.95, bitcoin was up $300 and there
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it is up is up 311, 57,644. now this. the media was quick to declare kamala harris the winner and the president will debate but listen to what a political reporter at cbs had to say about voters in battleground state of michigan. >> i talk to 20 voters, not one was undecided. not one. headlines come and the go but let me tell you, support for donald trump is real and resilient. i encountered that everywhere i went. ashley: that is not unusual. if you're a trump support you are a trump supporter and there is no questions. joining me now is deroy murdock. is the media underestimating trump and his support but the critical issue is those who are undecided, they will make the difference. where are we there?
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getting back to the debate kamala harris was i think what we can say about her is she wasn't as bad as we thought she might be. but where is trump now? is he on the defensive? does he need to regain some momentum? >> i like to use this analogy. i've flown 3 million miles or so on united airlines. every now and then i will fly on jetblue, alaska but i come back to united and that is what we've seen, despite the performance some people thought was not the best by donald trump in the debate a lot of people think the new york post is 50% of people thought she won, 29% thought he did and yet he went up one% amazingly enough. the support for trump is completely solid. his supporters aren't going anywhere, kamala has not been able to close the seal with undecided voters. if she had been able to answer the question are you better off
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now than you were four years ago in a positive manner, here is how you are better off, she might have gained more traction but she dodged the question and talked about her upbringing and wonderful mother and home that they moved into and that explains why donald trump went up in that debate. ashley: the latest fox news power ranking shows donald trump losing ground in north carolina and georgia. we had them leaning toward him. now they are considered tossups. what does donald trump have to do to get his edge back, what are the critical issues? >> focus on public policy. one thing i wish donald trump done in the debate was talk about his proposals more. he didn't mention no tax on tips or no tax on social security benefits. those are good ideas, positive ideas and good ones.
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he didn't bring them up oddly enough. at all his rallies, are you better off under kamala harris or were you better off during the trump years when we had cheaper gasoline, cheaper food, cheaper mortgages, peace in the middle east, ukraine and russia in their respective borders. our border more under control, crime from illegal aliens that come in and are raping and killing people. he ought to be making those points more about his record, more about his proposals and make that contrast, are you better off now under kamala harris is than you were under donald trump. ashley: she was let off the hook. should have been economy, immigration, inflation, he got sidetracked and was hurt by that.
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the latest power rankings have six states, battleground states that account for 78 electoral votes, must wins for trump. >> you wants as many as they can. if you've got pennsylvania makes it a lot easier. i saw an interesting analysis that showed no matter what, you have to get north carolina, you get north carolina makes it a lot easier to get to 270 and pennsylvania, hammering very hard the idea of fracking and how kamala harris now says i'm not against fracking, she doesn't have to ban fracking, just say if you want to frak that's great, the 5,000 page application and wait a year and fill out the next 3000 page application and pay a large application fee, just very people in paperwork to the point they are not going to get anything approved.
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she should sam not going to ban fracking, just keep it tied up in red tape, not bring that up and that people think about that and that will help significantly in pennsylvania which is the capital of fracking in this country. ashley: fascinating thing to follow, 50 plus days to go, every day is a long day in politics or who knows what happens, great to have you along with your input. thank you. now this. j the events speaking out on taylor swift's endorsement of kamala harris. what is jd van saying? lauren: he doesn't think her endorsement will move the needle for kamala harris. watch here. >> i don't think americans whether they are fans of hers are not will be influenced by a billionaire celebrity who is fundamentally disconnected from the interest in problems of most americans which when grocery prices go up by 20% it hurts motes americans, doesn't hurt taylor swift but housing prices become unaffordable it
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doesn't affect taylor swift or any other billionaire. it does affect middle-class americans all over our country. our pitch to women voters is simple, donald trump delivered policies that lowered the prices of groceries, lowered the prices of housing and most important lead donald trump delivered public safety in our country. >> trump said taylor swift would pay a place in the marketplace for endorsing harris. i don't think many of her fans are surprised taylor swift endorsed kamala harris, she had endorsed biden in 2020 but she went on to say do your research, make your own decision and remember to register to vote and more than 330,000 visits were made to the vote.gov website after she said that in her endorsement of kamala harris which i don't know how they are going to vote if they vote but they might vote now. ashley: she has a lot of influence, we know that but
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enough to change the outcome? that's debatable. thank you very much. let's take a look at the markets if we can, running now for 40 minutes, taking a bit of a dip, only 0.4%, the s&p slightly lower, same story on the nasdaq. gary, producer prices up 1.7% over the last 12 months. what is the impact on the markets? >> inflation topped out many months ago, prices are still very much elevated. if we can another bout of inflation all bets are off. the best news i can give you in the last few weeks, oil prices have really tanked and we know how many products, how much is used in driving whether it is fedex and ups or the average
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american or truckers so that's the real good news, hopefully it stays down. the other part of the equation yields of come down on the tenure big time so mortgages are down, this is not much better than energy prices coming down in interest rates coming down and let's hope they stick. ashley: amen to that. are you getting back into big tech? >> we sold everything pretty much the highs. there are things i really do like. i think yesterday may have put a line in the sand of the ugly and it was ugly and a lot of them. names like oracle that gapped up on very good numbers and looks likable head to new highs, really like that one. netflix and meta setting up again, not necessarily tech but in retail. costco, 60 times earnings so finally some things i can list here and i can tell you for
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weeks my legal pad was pretty much empty. ashley: that doesn't happen very often. we talk a lot about the impending election. from the market point of view, does it have a big impact of kamala harris gets in? if the republicans have the house and the senate let's just say but kamala harris wins, markets wouldn't be that upset because you can't really do anything. >> gridlock is good but i have been allowed voice on my radio show. we cannot continue the trajectory of the biden whipple happel harris massive gargantuan over-the-top increase in government, government reach, scope, and spending in the second part of the big con is confiscate massive wealth out of the economy into their hands for some very weird stuff that
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produces nothing like 350 billion of our tax dollars going to john podesta for climate when we've got homeless veterans on the street that are not being taken care of in new york city but 350 billion for climate, let's hope if she wins republicans get the senate or the house. i think they will have the senate, not so sure of the house. and keeping fingers crossed at worst gridlock. brian: touched a nerve with gary. >> i have a grandson now and the future matters. ashley: i hear you. thank you very much. let's bring lauren back in. you are looking at the movers beginning with micron. lauren: micron has aware double downgrade from buy to sell. the price target 67 down from 140. micron will underperformance ai
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peers as chip over supplies and cut prices pretty fast. take a look at microsoft. it continues to move lower. its suite of productivity software was down 16,000 users today, looking into any recent changes to its networking infrastructure and is working with third parties to figure out what happened. it's cutting jobs, 650 of them in their videogame division after the deal with active supervision and finally bad news for the drugmakers. modernity down 18%. here's the news, we did a little last hour, modernity came out and lowered their sales forecast for next year, cut their r&d budget and expect to break even on an operating cash cost basis two years later than first thought. this is a 4 year low. ashley: tough, you are right, tough day for drugmakers. another one for you. in a report from the inspector
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general that atlantis fed president violated trading rules. ashley: rafael bostic created, quote, appearance of acting on confidential fomc information according to the inspector general, had his security transactions executed for him during fed blackout periods and reported late some transactions made during a 4-year period. the report concludes he did violate stock trading rules but did not break the law. ashley: all right. we will see. thank you very much. things that make you go -- now this. top democrat urging kamala harris to keep dodging the media. >> questions from people in the media will not necessarily
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connect with the voters. ashley: is this -- i didn't hear that, is this the democrats new basement strategy. clay travis will be here to deal with that in our next our. the governor of ohio is sending millions of dollars and troopers to springfield, they are facing a surge of haitian migrants. we will ask jim jordan what he thinks about it coming up next.
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neil: look at these markets. we've been live 40 minutes now, the dow was down hundred points coming back a little bit essentially flat, s&p just slightly higher same story on the nasdaq up about half of 1%. we told you about mark zuckerberg accusing the white house of engaging in the censorship. out oversight subcommittee wants the white house to send over any documents the tell of that censorship. jim jordan joins me now. great to have you. will the white house ever be held accountable for what is free-speech censorship? >> i hope the accountability comes when the american people say they've got one party who is for censoring >> another party, did you ever think you would see a coalition of donald trump, elon musk, rfk junior and tulsa gabbard? the reason that came together is this censorship. amazing, tall see gabbard, rfk
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junior on come and testify in front of the committee, democrats actually tried to kick rfk junior out of the hearing, they made a motion to go to executive session, kick him out on hearing on censorship. this is how -- i am like his name is kennedy, only the biggest name in democratic politics for 75 years, he's for trump because of censorship and made a great statement when he endorsed donald trump, he said when you look at history it is never the good guys who are for censorship, this issue is huge. we will see what happens on november 5th. we 5. we are trying to make sure everyone understands. because of our work, there's no longer a disinformation government board at the department of homeland security so we think we have already had an impact but this is could go. if you can't speak out on the first amendment that is crazy. ashley: you are right. next one for you.
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ohio's governor sending law enforcement $2.5 million to springfield because of this massive influx of migrants from haiti. you are from ohio. what do you make of this? >> when you allow 20,000 individuals to come from haiti to a community of 60,000, there's a huge concern on your education system, the housing market, all kinds of issues and people talked at the city commission a meeting about things they see going on that they testified to so the governors say we've got to deal with this. this is all driven by the biden/harris administration who made a decision on day one to open the border, no more wall, no more remain in mexico. when you get here you will not be detained and the specific program which gives parole authority to individuals from cuba, haiti, venezuela and nicaragua honduras and they come in and that is this program, 20,000 people in a
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community of 60,000, that's why the governors taking this action. neil: -- ashley: tell us about this court training program your investigating. >> using your tax dollars to train immigration activists to get immigrants signed up for public service, using your tax money to help immigrants get more of your tax money why we got record inflation, record crime, open border and to dollar gas is now $4 gas, this is how again ridiculous, this administration has been when it comes to border security, immigration laws and it is one of the key issues that i think is going to decide this election and the american people are going to choose donald trump. ashley: even diehard democrats have to admit free healthcare,
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free housing, cash cards, it goes on and on while we have veterans sleeping on the streets, people who were born here who are not getting the help they need, surely even the most dire democrat must see that is wrong. >> i think they do and you will see a vote for donald trump. we are now past the pep rally stage of kamala harris's campaign and to the facts and issues, we have something we seldom get in american politics, back to back administrations running for the top bob, you can compare their records and we went from a secure border to know border, safe streets to record crime, to dollar gas to $4 gas, stable prices to record inflation and all these policies which they everybody use your tax dollars to give to migrants many who came into the country illegally to get more of your tax money makes no sense to the average family who are paying all kinds of ridiculous prices because record inflation.
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ashley: they call it clown world and it is what it is. great to talk to you. thank you. coming up today, anti-israel protesters are expected to storm college campuses across the country, details on their planned day of action. john kirby issuing a stunning admission, there's no use in responding to military veterans over their concerns of the botched afghanistan withdrawal. christian whiten will take that on next.
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ashley: we have this news just coming to us, the new york state court of appeals has dismissed donald trump's appeal of the gag order in his new york criminal case, the court says no substantial cost - constitutional question is directly involved so they have dismissed that appeal from donald trump. back to the markets, the dow offer 53 points for the s&p and
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nasdaq modestly higher, drifting a little bit. come back in here, you are looking at some of the movers. let's begin with warner bros. discovery. ashley: they signed a new distribution deal for other cable channels with charter communications, the largest paid tv distributor in the country, charter will pay warner discovery more money, more fees to carry some of its channels including cnn and the food network. discovery plus, if your new customer you get an 80% discount for the first 3 months. it used to be 3. anyway, roku speaking of tv got an upgrade to outperform, stocks up 5%. we will see the stock going up $20 from here to 93 a share. they are not worried about probability, they like the management. another winner, kroger, same-store sales, strong quarter, customers coming in
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for lower prices on produce, digital sales up 11% but because in general groceries are expensive on the conference call executives said strength related to theft remains high. ashley: yes. people stealing stuff basically. thank you very much. anything and everything. more news coming to us, the treasury department announcing a venezuelan officials who are aligned with nicholas maduro over the presidential election in venezuela, 16 maduro aligned officials have been sanctioned after they seized maduro's plane. germany is cracking down on immigration. they are planning on instituting border checks on all nine of their land borders.
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wasn't germany the champion of open borders? what happened? >> they were among the european countries and now what we are seeing is a complete reversal, tamping down on border security in an effort to combat what german officials are telling us is, quote, islamist extremist terrorism and serious cross-border crime. take a listen. >> translator: i have ordered this today and already notify the eu. this serves to further limit irregular migration and to protect against the acute dangers posed by islamic terror and serious crime. >> reporter: the crackdown is a dramatic reversal of the open border policies germany had held with the rest of the eu under the former prime minister angela merkel. her refugee policy was infamously called by donald trump a, quote, catastrophic mistake, now german officials say they are not the only european nations turning to stricter border laws, this from the ministry of the interior,
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quote, more than 30,000 people have been denied entry at the land borders with poland, austria, switzerland and the czech republic just since october 2023. >> and because illegal immigration or migration or refugee flows, whatever one wants to call this phenomenon is upending and royal a number of european societies, you may see other countries looking to emulate germany. >> reporter: germany's move follows years of deadly terror attacks against civilians by undocumented migrants that have traumatized many of the country's citizens. europe's problem now is so severe the state department is banning some european executives from entering the united states accusing them of, quote, facilitating irregular migration to the us for nicaragua. apparently what is going on is some european airline companies
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have been knowingly flying undocumented migrants from their countries to nicaragua in the hopes that these people can more easily cross into the united states. obviously via the southern border. ashley: it is just insanity. thank you very much. fascinating stuff. former state department official christian whiten joins us this morning. good morning to you. seems like germany is regretting those open borders. >> radical islamic terrorism was a controversial term before donald trump normalized it. it was controversial because it speaks the truth of the before what the obama/by that menstruation was calling violent extremism actually had an animating force behind it which was political islam or islamradical islam. it is interesting, this means there's got to be a serious threat from islamic terrorism. we 've seen some knife attacks and other things like that around europe and it is
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something that could escalate. ashley: let's move on to this issue. antony blinken is considering letting ukraine strike deeper into russia with american-made weapons, russia recently received missiles from iran and launched a counteroffensive in curse could. my question to you, is this a good idea? >> i don't think so. i think it's a dumb idea. why this is the decision of the secretary of state is beyond me, someone who worked at the state department twice, this should be a call of the president of the united states. we are not at war with russia. we've not declared war with russia. we've not had a debating congress and even though we may tell ourselves we are just giving arms for someone else to do something, russia looks at this as the united states and nato at war with it. this is the only country on earth that has more nuclear weapons than we do. what's the end game? are we going to fight a perpetual war of attrition with
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russia which russia will win or do we want to negotiate a settlement? i'm not sure this is the best idea. the best idea might be to start negotiating. ashley: i want to get this one in. fox news digital reached out to the white house after a group of veterans slammed the administration for covering up the botched afghanistan withdrawal, john kirby seemed to accidentally respond saying there's no use in responding to a handful events. that included cory mills. why should there be no use in addressing concerns? it is so dismissive. >> kirby is a veteran, got to be an admiral even though he only worked in public affairs in the navy his entire career, more metals than george patton did at the end of world war ii can you get medals for power point talking points.
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the white house think this is a loser issue for them because it is a loser issue for them. during the presidential debate, kamala harris tried to blame donald trump for the pulled out in august 2021 and biden and harris took office in january of that year. it was hoped ukraine would be a winner that washed away the shame of ukraine and that hasn't happened. ashley: we have to leave it there but always great stuff. thank you for being with us. today, one pro-palestinian group is planning a day of justice on college campuses. what can you tell us about it? lauren: this is happening the day after 9/11. it's called students for justice in palestine, the day of protest is planned for today. organizers want to send a message to their universities that the student intifada will
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continue until their schools divorced from israel and their demands are met. this group has been suspended from several campuses last year, even this your because of its outright calls to violence on social media but right now for colleges as we have the new year, the new term started the weighing appropriate consequences for the protesters that get out of hand, free-speech is okay but when you intimidate and commit violence against others or property that's a problem and they might have to have more than a slap on the wrist which means they are back on their seats this year for the start of class, maybe that is not okay and they will reevaluate those suspensions and decisions. ashley: we will be following it carefully. still ahead, school lockdowns, high stress and social isolation, the new study finds covid restrictions had an alarming impact on teenagers brings.
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a new medication showing promise in the fight against prostate cancer. doctor marty makary will be with us next.
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ashley: keeping an eye on oriel, around 60 a barrel, up one dollar today, what's behind the rise. lauren: well below $70. the rise today because of hurricane francine which made landfall in louisiana, just about 40% of the gulf of mexico oil production is off-line because of it. ahead of time they evacuated 3 rigs, 171 platforms to be saved, ubs is estimating the hurricane likely disrupted 1.5 million barrels of us oil
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production. as you look at oil prices under 70, gas buddy says by october the national average for gasoline should be below $3 a gallon so that would be a little gift when voters go to the polls. paying $2 and something for gas. lauren: thank you very much. now this. a new study finds a new prostate cancer drug is showing a lot of promise for treating the disease. doctor marty makary joins us. what is this new medication? sounds very encouraging? >> sounds encouraging. not sure it is the big breakthrough people are hoping for. it identifies an enzyme used in the prostate cancer cells to grow, to replicate so it tries to drug or block that particular enzyme.
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it's been tried before with mixed results. let's hope this one is better. it is in phase 2 clinical trials, people with disease to see what the response looks like. ashley: we keep our fingers crossed on that. i want to get to this one. the covid pandemic accelerated the aging of teenagers brains. explained that. >> what they do is look for the thickness of the cortex and identify what normal aging looks like and compare the actual aging to what an ai model would have predicted their brains to look like and identified an acceleration of the aging process in children during covid. four years for girls, a little over a year for boys and that was concerning, this is new information and is consistent
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with the other data we have from brown university last month that the average iq dropped by 12 points during covid, children born after versus the beginning of the restrictions. ashley: interesting and disturbing at the same time. to this one, you've got a new book out called blind spots:where medicine gets it wrong and what it means for our health, tell us about it. >> we got to address the root causes about chronic disease epidemic. we've engineered highly addictive ingredients, we have pesticides that are ubiquitous and we wonder why the population is so sick, why got health is so bad and half of children have obesity or are overweight. we've ignored ultra processed foods and so many other things that affect health. why have cancer rates doubled? wise autism up 14% every year
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for the last 23 years? the root causes are being elucidated with good scientific research but people don't know about it. it has been in the blind spot of modern medicine. i wanted to write the book to educate the population and also to make the suggestion we need to be doing things differently. we are not dealing with the underlying root causes. we need to treat diabetes with cooking classes or talk about school lunch programs not putting every overweight kid on ozempic. we need to change our national priorities and talk about food as medicine in general body information and the root causes about chronic disease epidemic because we have the sickest population and most overmedicated population in the history of the world, politicians talking about drug prices, best way to lower drug prices are to stop taking medications we don't need.
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ashley: sounds fascinating to, we wish you the best of luck with the new book, thanks for joining us this morning. we have more breaking news coming thick and fast today, just got reports of a 4.7 magnitude earthquake in the southern california reported to have been centered in the malibu area. hopefully won't trigger landslides or anything like that but that's the word we are getting and we will follow that. coming up, police in colorado arresting 10 members of the gang in connection with the apartment building takes overs, the venezuelan came running out of control, we will have that story in our next our. democrat congresswoman accusing republicans of using angel moms for political purposes. watch of this. this. >> we have colleagues who are exploiting people's pain for
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political purposes. ashley: we will speak to one angel mom whose daughter was killed by an ms 13 gang member coming up next. question. if you can't see what's behind all this, how do you already know, it's jeep? probably the same way you know if a t-rex is chasing a jeep wrangler... is getting away. yep! or if it takes you places that make you say, woah. and their hair looks like this. or someone says, the doors come off. then you just know what it was. what it is. and what it always will be. because when you're an original, there's only one.
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ashley: now this. kayla hamilton was killed by an ms 13 gang member who crossed the border illegally under the biden/harris administration. kayla's mother joins us. first of all, so sorry for your loss of course and i thank you for taking the time to talk to us today about a very painful subject but let me begin here. do you trust kamala harris to fix the border crisis which she said she would do in tuesday night's debate, do you trust her? >> no. i don't trust her to secure the border. she's not going to do any better than biden. on securing the border. ashley: i don't want you to have to go over the story of
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your daughter's murder but i mean this is something clearly is that could have been prevented if we hadn't opened the border wide open, correct? >> yes. it could have been avoided and preventable, if only security had done a background check and vetted this monster before it and letting him into the united states and they did not and local police found out he was a member of ms 13 it had a criminal record in 2020 in el salvador. ashley: let me ask you this. veronica escobar is accusing republicans of exploiting what she calls angel moms for political purposes. listen to this. i look at your comment. >> what is most frustrating to me as a member of congress is what is happening today at this committee hearing where we have
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colleagues exploiting people's pain for political purposes. ashley: what is your response to that? do you feel exploited? >> no. i do not. i feel frustrated that that's the only thing she could say. i am is there sharing my pain and my story to prevent this happening to others. we are not being exploited or forced to be there. it is painful to relive and say over and over what happened to my daughter but i want to prevent this from happening. it's very exhausting and we are there because we want to be there. i want to be there. ashley: is the person responsible for your daughter's murder behind bars at least? >> he is. because he was a juvenile he
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could not get life without parole so instead of getting a life sentence where he would get paroled in 25 years, he took a plea deal of 70 years so he may be up for parole in 35 years. ashley: have to leave it there. we are sorry for your loss. thank you for telling your daughter's story. thank you very much. still ahead. florida congressman -- thank you -- florida congressman mike waltz on the white house finalizing plans to ease restrictions on how ukraine could use american weapons against russia. the daily mail says travis kelsey could publicly endorse harris very soon. clay travis will deal with that. the boston globe on the university of pennsylvania joining harvard in ending sociopolitical statements.
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the 11:00 hour of "varney and company" is next. ♪
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>> at one point cpi was above 9, ppi was above is 111, so

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