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tv   Varney Company  FOX Business  September 13, 2024 11:00am-12:00pm EDT

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she is the vice president. >> we're in the seventh day of a positive yield curve and still no recession, nor do i think one feels like it's coming. like you and i have spoken before, i think we've been going through these rolling recessions. >> if you look at them as objectively as possible, it's hard to believe these charges were ever brought anyway. this was in the about bringing justice to this country, it was all about going after donald trump. >> the democrats want to give everybody money, president trump is saying, hey, no, you're going to keep more of the money you're making. >> people have gotten angry that we're just kind of being tossed around like, you know, dice where it just doesn't matter. ♪ i must have played 'em all. ♪ i ain't seen nothing like him in any amusement hall. ♪ that deaf, dumb and blind kid sure plays a mean pinball ♪ ♪ ashley: one of my all-time favorites. ever since i was a young boy, i
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played the silver ball. from soho down the brighton, must have played 'em all. i'll stop doing that immediately. it is 11 a.m. on the east coast on this friday, september the 13th. i'm ashley webster in the for stewart varney. it may be friday the 13th, or but the markets are saying, so what in the dow is up nearly 300 points, the nasdaq and s&p up half a percent. let's take a look at some of the big tech names, see how heir doing in this up market. -- they're doing. alphabet, microsoft, nvidia, apple, amazon all turning higher. alphabet, the outstanding stock right now,s up 1.75%. take a look at the 10-year treasury, see what that is doing. that alls has an impact. it's down slightly at 3.66. okay. now this, next week former president barack obama and hillary clinton are set to hold separate fundraisers for kamala harris. meanwhile, donald trump took the truth -- to truth social to say,
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quote: kamala should focus on what she should have done during the almost 4-year period. there will be no third debate, all in caps. steve hilton joins me now. great to sea you, steve. -- to see you, steve. okay, let's begin there. no third debate. is that a good move, do you think, by trumpsome is. >> well, i think it's a confident movement it suggests that he believe that he won the debate and doesn't need to recover any ground that may have been if lost, and i think there's a lot of evidence for that if you talk to people rather than listen to the pun if admits. i think the clear -- pundits. i think the clear thing that came across is you saw someone who is strong and real and authentic and understands how to do the job of president, or has cone it before, understands how to make things happen, negotiate with foreign leaders, get things done, fight the swamp, etc. and on the other hand, you have someone who's totally fake and deliver her, the lines that she learned, spent a week locked up with her handlers learning lines
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like she's an actor, practicing her gestures and her facial expressions. that that's not what a president has to do. i mean, yes, we did have an actor who became a president, was a very fine leader. but t not an acting job, it's a real job, and you're seeing the contrast between them. i think trump is feeling that came across in the debate. of course, the pundits lapped up the line delivery of kamala harris, but i think real people deny see it that way. ashley: yeah. i mean, the expectations going in were so low, the fact that she could talk those rehearsed lines was what made certainly the pundits say, oh, she's fantastic. what do you think of obama and clinton holding fund raisers for harris? [laughter] >> i mean, who cares? if -- it's that part of the democrat machine. it's going, you know, there's no question that the you've got the elites lining up behind kamala harris with more enthusiasm than they did for joe biden. that's all true. but what it reveals, actually,
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is that the democratic party has become the party of the elites. their policies benefit the elites. they benefit the wealthy. becoming the party of the rich, white and woke whereas on the other side you see the republican party with donald trump leading it has become a multiracial, working class coalition because working people in america can't take much more of this far-left policy agenda. we see the evidence of that most clearly here in california. if. ashley: yeah. talking of which, and this is ironic, is it not, california governor gavin newsom signed a bill that the increases sentences for are retail and property crimes. i mean, hello. why is he suddenly cracking down? the i think i know why, but he's cracking down on crime and the homeless, right? >> well, let's be clear what's happening here, he's pretending to the crack down. he wants people to think that he's cracking down. but, actually, what you're not seeing is any kind of movement from the democrats on the pulse reasons that you've --
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fundamental reasons that you've had this explosion in retail crime and other type it is of crime in california which is -- can types of crime in california which is actually the downgrading of all sorts of crimes to the make them misdemeanors rather than felonies. and basically, far-left district attorneys across the state of california refusing to even prosecute them. so it doesn't matter what he says in terms of sentencing. the actual fundamentals of criminal justice policy in california starting with kamala harris when she was district attorney in san francisco and then attorney general have moved yearly year in favor of protecting the criminals rather than the public. ashley: you know what though? your state is number one in one fact if to have. according to the census bureau, california is once again the highest poverty rate in the country. 11.7% of the nearly 40 million residents are considered to be in poverty. you're our california guy, steve. what do you make of that? if that's a sad statistic.
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>> oh, it's not just in poverty rate that we're number one here in california. we're also number one in home will-lessness, in housing costs -- homelessness, in housing costs, in the worst business climate, energy bills, gas prices, water bills. you name it, california is the worst in america. all of this the direct result of democrat policies, these far-left policies. you can see what the kamala harris agenda would do nationwide because it's been implemented here in california. it is a total failure on every front, and people are waking up to that. that's why you saw my friend and colleague at my organization, golden together, the leader of the democrats in the state senate just last week leaving the democratic party saying it no longer represents the values that made her join the democratic party in the first place. you're seeing that across california. there really is a revolution brewing here because people have had enough of this total failure and, again, it's working class people who have been hurt the most by this far-left democrat
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extremism. ashley: steve hilton fighting the good fight in the formerly golden state. keep it up, steve. great to see you this morning. >> thank you, ash. see you soon. ashley: thank you. same to the to you. have a great weekend. let's bring in jonathan hoenig joining us now. jonathan, look, i read your stuff, stu reads your stuff, we find it very informative. you don't think this rally is finished, but t not going to be led by the magnificent seven anymore, right? >> value stocks are leading the the charge, gold is at an all-time high this morning. names off the radar screen, not names people know, the nature of the market has changed. i do think the economy is slowing, there's a lot of examples of that and reasons why that's true, but i don't think you should abandon the market completely, just focus on those few areas of the market that are working, not the tired, old names that a we've heard so many times before. ashley: you always like to bring
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us an exotic pick. it gets stu very excited. today you bring us platinum. >> yeah. and this one is really breaking out now, ashley. keep in mind, platinum is still 50% lower than it was back in 2008. at the same time, you're seeing this bull market unfold and almost all the precious metals, gold, all time high. platinum not on one's radar screen, so i like it. i do own it over at capitalistpig.com, but i think it's going significantly higher. don't overlook platinum when you're looking at precious metals in today's market. ashley: fascinating. i want your a take on on this too, jonathan. there's a $13,000 martini available in chicago, your hometown. it comes with a 9-carat diamond necklace. the question i have to ask, jonathan, are you going to be paying that much for a martini? is that kind of your style? >> i certainly wouldn't be, and i don't think anyone in chicago would. look, people in chicago drink old style beer, and it's actually produced in milwaukee,
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wisconsin. this is something for the tourists, kind of like navy pier and deep dish pizza. i'm glad to see the fact that they're still offering a $13,000 martini is probably the best suggestion that the bottom isn't in just yet. [laughter] ashley: maybe not. jonathan, great stuff. if thank you very much. i just want to give a programming note to our viewers. this wednesday, september 18th, is fed decision day. fox business is going to have a commercial-free special coverage of this event from 1-4 p.m. eastern with "the big money show," "making money" and "the claman countdown," all three shows covering that commercial-prix from 1-4 p.m. next wednesday, fed decision da. do not miss it. yahoo! okay, that said, let's take a look at some of the movers for today. lauren, which one are we lookin- lauren: pinduoduo, they own temu, the chinese e-commerce giant. and the news is the biden administration is moving to curb
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low value shipments that enter the country duty-free as chinese e-commerce giants benefit from a loophole that a lets their items under $800 escape taxes. you can see alibaba is also lower today, but etsy, american, they're surging8%. this proproposed rule change -- proposed rule change also calls for more scrutiny of those packages for narcotics and chemicals smuggled in in uninspected packages, if you will, to make fentanyl. is -- so this is the white house clamping down. take a look at a company that used to be called restoration hardware. demand picked up last year in a big way, this feels like the all-clear moment that rh's execution is improving and their brand has? a. no. citi, for one, thinks it's going to $355. ashley: very good, lauren. that's to not bad, 23% for are rh. lauren, thanks. coming up, the white house
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just announcing new sanctions on individuals linked to venezuela's dictator, nick -- nicolas maduro. does that give us leveraging powersome if we're going to take on that story. the fda just authorized the hearing aid feature for apple's air pod pros making it the first over the counter hearing aid. we're going to ask doc siegel if he approves of this. and texas has seen a rise in violent activity across the country from members of the venezuelan gang. lieutenant chris old very less will be here from the texas public safety department, and he's going to tell us what's being done to stop these criminals. that's next. ♪ ♪
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ashley: reports of violent activity by venezuelan gang tren de aragua have been spreading throughout the u.s. and are now being seen in several texas cities. brooke taylor is in dallas this morning. brooke, what are residents saying about this? >> reporter: ashley, first off, dallas police here confirm that they're investigate if,ing -- investigating several crimes linked to this venezuelan gang, tren de aragua. sources tell me it is something to pay close attention to. this is a dangerous gang and really law enforcement throughout texas is focused on them. governor greg abbott, i'm told, is even supposed to speak here in texas about this next week. i want to take you to the story though from earlier this week. the gateway hotel in downtown el paso was ordered to shut down rarely because of all the crime and gang activity. disturbing security footage
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shows the chaos inside the hotel. a man seen with a gun, another swinging a hatchet. authorities say there's wild parties, drugs and even children nearby in the video. now, records show there have been calls to the hotel nearly 700 times, look at this, just a pages and pages of complaints, or everything from drugs, thefts, burglaries to fights. the county attorney trying to close the hotel down for good. and according to their petition, officers say the criminal activity has spiked since tren de aragua gang members moved there. you asked about what a residents are saying. well, one man who lives there described it as worse than anyone could imagine if. >> yes, it has -- yeah. it's even worse. i just don't want to get into the gory details, yeah. >> reporter: yeah. >> there's blood on some of the walls and more incidences with gunfire inside the building. it's unfortunate. >> reporter: and we spoke to former u.s. marshal and el paso
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deputy chief robert el monte who says officials who are downplaying the gang's presence are just in denial and concerned about their city's image. >> they're a big concern because they're egg treatmently violent -- they're extremely violent, extremely dangerous, and they're causing all kinds of problems here in the united states. and they're involved in drug trafficking, sex trafficking, human trafficking, robberies, murders, you name it. >> reporter: and border patrol confirmed to me that three people who are in that hotel from venezuela were arrested. they were already told to be removed by an immigration judge previously. clearly, that didn't happen, so those three taken into custody, and then they're going to be sent to the processing center, ashley. ashley: yeah. out of control. brooke taylor in dallas this morning, brooke, thank you very much. appreciate that report, really kind of emphasizing what's happening. texas department of public safety's lieutenant chris oliveras joins us this morning.
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lieutenant, let me ask you, have you seen a rise in activity from venezuelan gang members, and what are you doing to try and combat them? >> well, good morning, ashley. of course, you know, one thing i do want to add is that the presence of tren de aragua, also referred to as tda, is something we do not want to to downplay especially in texas because we do know their presence has been established in texas and even throughout the country. you've seen that through some of these tragic events that have taken place. this is an extremely violent gang that's been able to establish themselves in the united states because of the unsecured border. the fact that so many venezuelans have been released at the border because, for one, there is no pathway for venezuelans back to their home country, so the united states or the government has essentially been, processed these individuals and released them into the country. even direct flights from their home country directly into the united states, that has caused a problem. not to the say that every venezuelan is involved with this
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gang, but you are going the see a criminal presence at a hand in which we're seeing now with tda. this gang is involved, you know, as some of the reporting there not just, you know, just minor crimes such as theft and robberies, but we're looking at violent crimes, assaults, assault against law enforcement, sex crimes, ex, to, smuggling -- extortion to, all the way up to even homicide. this is a gang that needs to be, you know, as far as used every resource that we have right now in,. that's what we're doing in texas. you asked what are we going to go after this gang, and one thing i can tell you for a fact is governor abbott has a made if it a priority to go after this criminal organization. we do not want to see what took place in aurora, colorado, where you have this gang taking over a hotel. that's one thing we're not going to tolerate in texas, and we will use every tool, resource and strategy at our disposal to go after this organization. ashley: if you leave the front door wide open, this is the kind of thing that can happen. next one, lieutenant, we
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understand that there are statements reportedly ramping up efforts to the enforce stricter immigration laws. but this is, right, because of the current policies -- whatever they are -- have failed so miserably. >> absolutely. you know, that's one thing that law enforcement, you know, we as law enforcement have been sounding the alarm not just with tda, but also the fact we have an unsecured border. it is going to cause devastating impact to the entire country. that's why every state is a border state. if you look at what we've done in texas over the last three and a half years, governor abbott has been able to establish with our compress hen irv -- comprehensive border operation with operation lone star, how to secure the state and the border. that's one thing that the administration needs to do is very simple, common sense solutions. end catch and release, reinstate the the remain in mexico policy or some form of that policy, construct the border wall and, most important, enforce the laws
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on the books right now, the immigration laws, and we can prevent the influx of tda and other violence in this country. ashley: you speak a lot of sense. we're going to have to leave it there, but thank you so much, lieutenant chris oliveraz telling us how it is. thank you, sir. >> thank you. ashley: now this, a california proposal could give illegal immigrants cell phone sub city i thinks. you've got to be kidding me. lauren. lauren: this is the latest move from california lawmakers to the try and give freebies to migrants. the state has a program in place, it's called california lifeline. low income residents can apply and get their cell phone bill subsidized by the state. right now to get that you need a social security number to qualify, but the agency commissioner, alice reynolds, says and i quote, undocumented californians should be able to benefit from this program ooh too. so come on and apply. but these democrats pushing to include illegals in their plans might if actually face
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opposition from none other than gavel gavin newsom. he recently -- governor gavin newsom. he recently killed a bill that would have included illegal migrants in a home loan program. imagine that, the governor, governor newsom, increasingly on the national stage might say, yeah, maybe the one goes too far. [laughter] ashley: yeah, ya think? all right, lauren. thank you very much. let's get a check of the biggest winners on the dow right now if we can. the dow itself up about -- well, close to 300 points. ibm, spell, american express, caterpillar, home depot. big names we all know, they're all a moving higher by about 1.5%. all right, coming up, we're not just betting on sports this year, now a lot of us are also placing bets on the election. we'll bring you the full story. and vladimir putin warns that if the united states gives ukraine permission the strike deeper into russia, we will be entering into a wider war.
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former cia station chief dan hoffman will evaluate the threat next. ♪ ♪ ♪ oh in a factory, there was a glove ♪ ♪ a tougher kind of glove, ♪ ♪ like you never did see... ♪ ♪ now the cloth is strong ♪ ♪ stronger than the flames ♪ ♪ the flame is in the heart ♪ ♪ and the heart is in the work ♪ ♪ the work builds the life ♪ ♪ where we're safe at home... ♪ jpmorganchase invests in manufacturing to help create stronger communities. ♪ make the green grass grow all around all around ♪ ♪ make the green grass grow all around ♪ ♪ (woman) did i read this? did i get eggs? where are my keys?
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ashley: well, just about two hours into the session and it's green arrows all the way. the dow up more than 300 points. lauren, you've been looking at some of the movers for us. what have you got if. lauren: arm holdings, the chip design company, raymond james is initiating an outperform. stock is up almost 7%, price target is 160. arm is well positioned to benefit from rapid growth of gen-a.i., the stock up 85% in 2024. intel finally higher, but sill the at $19 and change -- still the at $19 and change. the e.u. gave the company a green light to get $1.9 billion in state support for a plant in poland. so intel is, like, halfway through this turn-around a plan that's not really panning out. they're cutting costs where they can, so getting the aid from the european union alleviates some concerns about whether intel will delay if not cancel any of their expansion plans in europe.
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ashley: very good, lauren. thank you very much. by the way, i just want to keep mentioning this, don't forget this wednesday is fed decision day. fox business will have commercial-free coverage from 1-4 p.m. eastern, "the big money show," "making money," "the claman countdown," all commercial-free. tune in for that. six unrwa rah staffers were killed after two airstrikes hit a school in central gaza is. mike tobin is in tel aviv this morning. mike, good morning to you what's the latest. >> reporter: well, the latest starts in syria with an unusually bold and aggressive operation from israeli commandos operating inside of syria and taking out a reported weapons production facility. the target, according to numerous reports, was officially called the scientific studies and research center just north of lebanon. israel regarded it as a site where iran and hezbollah developed at one point chemical
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weapons, most recently short and medium-range precision weapons. hezbollah reportedly preferred the site in syria as opposed to lebanon with the belief that israel would be more reluctant to attack inside of syria. israel has struck at the site from the area without much effect because the important parts were underground. so dozens of commandos were inserted so they could hand-carry explosives inside and guarantee the destruction of the facility, extracting intelligence about a weapons developed at the site there inside of syria. the airstrikes were reportedly part of the operation, or airstrikes were used as part of the operation to prevent syrian forces from if arriving at the attack site. syria's health minister said 18 were killed and as many as a 37 injumped on the ground. the official -- injured on the ground. the official israeli spokespeople are confirming nothing about the strike. >> -- fiction of the operation also seem to be sending a message to the iranian regime that israel is very well aware of its activities on our borders
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and that we have such up-to-date intelligence that enabled us to carry out such a precise operation with what we know so far, zero israeli casualties. >> reporter: and this the very bold raid came just days after the head of u.s. central command, general michael coapril la, visited with israeli military commanders in the northern part of the country to talk about the potential of a month if front and operational plans for that as well as the continued threat from iran and hezbollah. ashley? ashley: mike tobin in tel aviv this morning, mike, thank you very much. now this, vladimir putin threatening a wider war with europe and america. this is in response to reports the white house may grant ukraine new powers to strike deeper into russia with american weapons. former cia station chief dan hoffman joins us this morning. great of to have you here, dan. is this a scare tactic, do you think, from putin, or is he
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serious? >> i think it is a bit of a scare tactic. look, this has been a failed war on ukraine from vladimir putin right from the very beginning. russia's suffered hundreds of thousands of casualties. sweden and finland are now nato members. there's been a brain drain from rush la -- russia, roughly a million russians are fled the country. but the only area where vladimir putin has succeeded and it shouldn't be much of a surprise has been nuclear rhetorical brinks manship. he's induced the biden administration to keep from giving ukraine what they needed when they needed it going back to the beginning of the war, and that's what he's doing now. past is prologue, he sees the benefit of these scare tactics. ashley: you know what, dan, very quickly, should we be providing more weapons or should we be emphasizing negotiation, peace if, bring this thing to an end?
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>> well, the way to bring this war the an end is for ukraine to defend themselves. vladimir putin could stop the war at any moment. he could stop raining down hell on ukrainian civilians and their neighborhoods and hospitals and maternity wards. i think that's why ukraine took that territory, to the demonstrate there's no such thing as a red line. they wanted the show the united states that we should open the aperture, give ukraine what they need and stop this war. if. ashley: yeah. it feels like it's going to go on forever. we'll have to to move on to this next one, dan. the biden administration imposing sanctions on 16 allies of venezuela's president, nicolas maduro. this, of course, follows after we nabbed his plane and we got that back. what impact does this have, if any? >> it's a bit of a pendulum swing. folks might remember that back before the elections we limited our sanctions, we withdrew some
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of those sanctions in the hope that a maduro would allow for a free and fair election. but that's obviously not the way that the it turned out. sanctions aren't going to be a way to impact or influence the maduro government which receives significant aid and assistance not only from russia, but from china as well. ashley: well, apparently we have many of the gang members that used to live in venezuela are now living in hotels and elsewhere across the united states. maduro must be laughing his head off. how should we deal with him? >> well, that's a real conundrum, and it's been that way for successive administrations. the trump administration was challenged as well. can remember ambassador bolton trying to find a way out to deal with venezuela. again, one of the challenges, they received billions of dollars of bonuses from china, and that keeps that maduro regime afloat. but we do do need a comprehensive strategy, and we don't have one right now. a mixture of some hard power as
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well as working with our allies in the renal. in the region. ashley: all right, we'll have to leave it there. dan hoffman, always great sufficient. thank you, sir, for being here. coming up, a new that says there's a connection between using high dosagings of adderall and developing psychosis. doc siegel is going to be here to explain that one. but first, we are expected to place $35 billion in departments nfl season, been e -- bets, but how much of that money goes back to the states, and how do they use it? we'll have a full report next. ♪ luck, if you've ever been a lady the begin with -- ♪ luck, be a a lady tonight ♪
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ashley: said this before, but friday the 13th, doesn't matter to the markets. the dow up 355 points now, up nearly 11 president. s&p -- 1%. same story in the nasdaq, the dow and the s&p getting close towards record territory, so how about that? anyway, now this. let's move on. peyton thorn says angry fans, get this, have been sending him venmo requests. are they asking him for money, lauren? lauren: explain. so peyton thorn is the quarterback for the auburn tigers. it's an ncaa team, that means poem bet on their games and on how thorn does as qb. there are only two -- they're only two games into the season so far but his performance against the california golden bears left a lot of fans not just disappointed but, ashley, downright angry. so angry some found thorn on venmo and asked for a refund.
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watch. >> and, obviously, the social media, hit you on venmo, all types of stuff. >> they're coming after your venmo, peyton? [laughter] >> explain that one to me. like, they send you cash? >> no -- >> they're definitely not sending cash. [laughter] it's funny, when they lose money, they want the money back, but when they win money on a parlay -- [laughter] lauren: that's hilarious, but he makes a point. if you want your money back for losing a bet, maybe you should pay up for winning a bet too. maybe pay him. that being said the, the coach of the team says, look, if performance doesn't improve, they might have to go in a different direction. but, hey, when you can bet on anything, you know, there are ramifications. ashley: pretty cruel though, to get a request for money because you played so badly. lauren: it's sad. i feel bad for him. ashley: all right, lauren, thank you. staying on sports betting, americans are expected to place billions of dollars in wages on the nfl alone.
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kelly saberi is in chicago. kelly, how much money do the states make off of these bets? do they win? >> reporter: good morning, ashley. oh, they're getting a lot of money because american adults will spend about $35 billion alone this nfl season according to the american gaming association's projections for this upcoming football season. 67% of american adults now live in a state where sports wagering is legal. this is 38 states plus d.c. where we're seeing the ability to be able to legally bet through sportsbooks. two states have bills as well that will legalize sports betting even through introduction in the legislature or a scheduled voter referendum. now take a look at this, these are the five states that bring in the highest revenue. so in new york they see about $522 million, in illinois, here, $28 the 7 million. and in fifth place, ohio, $193 million.
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take a listen to this. >> we now have an opportunity through gaming taxes, through i the legalization of this product, to now contribute in a very meaningful way to problem gambling services and to serve responsibility messages as well. currently, right now, a portion of gaming taxes that is dedicated to problem gambling services is over $1115 million annually. -- 115. >> reporter: sports betting brought in over $3 billion alone in just the second quarter of this year, that's up 311% year-over-year. -- 3%. but a lot of people have been asking, where is the money going? less than 2 or around 2, i should say, is going to treat what we just heard about which is gambling addiction. let's take a look at those states again that i just went through. so in new york, we're learning that the money is going towards youth sports for underserved communities as well as some money going towards funding problem gambling. in new jersey, 100% of
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the funds go towards supporting seniorses and people with disabilities. in north carolina they are spending i on a plethora of things, but notably gambling addiction treatment and also a giving the money back to the 13 state universities' athletic departments. here in illinois the money is being spent largely on infrastructure, and in ohio it's really about problem gaming there. that's the focus. now, i do have a bit of trivia for you, ash. i'm wondering which sport do you think generates the greatest amount of handle? ashley: i would say in the u.s. nfl. >> reporter: it's actually basketball. if you look at the sheer amount of games that there will be, also if you include march madness, there queue go. there you go. i'll send it back to you. ashley: there you go. now i know. kelly, thank you very much. i got that wrong. but it's the not just sports that people are betting on this year.
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lauren, more people gambling on the election outcome, right? lauren: a lot. it's becoming mainstream. so you know how we often cite -- well, not often, every day we cite many polls to get a feel for what people think about a race or a candidate. betting sites are being used too. we do it here. how often do we say the betting markets predicted or say that this is going to happen? look, those sites operate in the gray area. they're offshore. then there's a company called kalshi, it's now a regulated election-betting site. the cftc, the regulator, they're existence it. but yesterday a federal judge lifted a temporary stay essentially putting them in business. they're against it. by 3:30 p.m., 50,000 transactions were processed. people love this stuff. critics say this is a way big money can come in and put their thumbs on the scale of presidential elections and outcomes.
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you can bet on all sorts of things too, the fed, for instance. but for sports, you know, i feel like this is the way of the future. ashley: they have been doing it for years and years and years in the u.k. you can bet on anything. you can bet on christmas day if a snowflake lands on the roof of the -- lauren: are you a bettor? ashley: i just -- no, i'm useless at it. i just don't touch it. lauren: yeah. ashley: i've been tempt thed sometimes, but i don't. you? lauren: not at all. i don't understand it. ashley: no. well, that's a good reason not to bet. [laughter] all right, thank you -- lauren, thank you. show us the dow 30 stocks to give us a sense of the market as we like to say this time every show. intel and ibm at the top. just two in the red, boeing and jpmorgan chase, but the dow itself up 400 points. not bad. and the fda, by the way, just approved
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apple's hearing aid feature for air pod pros. does doc siegel see this as a real game-changer? we're going to ask him next. the doctor is here. ♪ ♪
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ashley: new study shows a link between taking high doses of adderall that's a commonly-prescribed drug for adhd and developing psychosis and mania. dr. marc siegel joins us now. all right, doctor, let's clarify some details on this. how high of a dosage do you have to take for psychosis to start being a concern? >> that's really the key headline. i was able -- about to say that, ashley. you're on to top of it, as usual. it's 30 milligrams or more, and i do not like prescribing that dose for teens. period. it's a lot. ashley: yeah. >> i don't even like, you know, i think the drug is overprescribed. i think it's useful, i think there is attention deficit hyperactivity disorder. i think it's a very effective drug, but 30 milligrams or more is a high dose, and the studies showed looking at 1300 patients
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at mass general hospital-harvard that there was a five times greater incidence of either psychosis or mania a in people that took that dose. and, by the way, many of them have an underlying tendency for that. i'm not warning -- i don't want the fear-monger here. i don't think everybody out there that took that dose would be getting psychosis. ashley: right. >> the problem that something like that medication reveals an underlying tendency that you may have that gets triggered by too high a dose. ashley: right. >> it points to the need for mental health professionals. ashley: very good. if now this one, i'm fascinated by this, the fda just authorized the hearing aid feature for apple's air pod pros. that makes it the first over-the-counter hearing aid. is this a game-changer? what do you think? >> well, i keep thinking that everybody wearing those pros, including me, isn't listening to anyone outside of themselves or whatever they're watching, so t kind of a contradiction in
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terms. [laughter] but i also think it may be a wave of the future here. ashley, this may actually be coming in the future, but i want to put a word of caution on this too which is, guess who it is that decides how to treat your hearing loss? it's a specialist who that's what they do all day long, is look at hearing and what kind of hearing aid to have. and it's not something you should be buying at an apple store. so we're not there yet. but in the future, this will be very, very helpful. we're not there. ashley: we're not there. yes. last one for you, new research from penn state says that children who don't get enough sleep when they're young are more likely to use dangerous substance later when they become a teenagers. this includes higher risks if for underaged drinking and marijuana use. how crucial is a good night's sleep for a child, doc? >> hugely important. this is 15000 people studied out of penn state, and i think this is accurate.
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because you know what happens when you sleep? your brain is cleansed. it literally, literally the microparticles come in, and they vacuum clean your brain out through the cerebral spinal fluid. it's amazing what happens. it's restorative on a biochemical level. you take that away and somebody during the day may be searching for something to calm themselves, they may be trying to treat their own brain with alcohol or with marijuana. i think a good night's to sleep is the place the start. that and regular exercise and a good diet. you know, we say that over and over, but here's a really good example as to why. i like this study. you get very anxious if you don't sleep enough and especially our teens. ashley: no kidding. very good stuff as always, dr. siegel. thank you for joining us. >> great to see you today, ashley. have a great weekend. ashley: yeah, and you too. thank you very much, doc. it's time now forth friday trivia question -- for the friday trivia question. think about this, how many eyes
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do bees have? 2, 3, 4 or 5? think about it and, guess what? we'll have the answer when we get back. ♪ ♪ (husband) we just want to have enough .. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, goals and needs, allowing us to tailor your portfolio. (wife) what about commission-based products? (fisher investments) we don't sell those. we're a fiduciary, obligated to act in your best interest. (husband) so how do your management fees work? (fisher investments) we have a transparent fee, structured so we do better when you do better. at fisher investments, we're clearly different. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning.
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there is a cluster of three small eyes on the center of their head which helped detect sunlight, light intensity and help the bees with navigation. take it away, still. julie: last couple days you've been looking

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