Skip to main content

tv   Varney Company  FOX Business  September 16, 2024 9:00am-10:00am EDT

9:00 am
maria: welcome back we are 30 minutes away from the opening bell for a monday bucket final thoughts of the dow industrials at the high, up 104-point, the final thoughts nasdaq down 95. >> with oil prices tanking in tankers are being blown up in the middle east, i think the stock market can be smarter than the polls, drill baby drill. maria: liz peek. >> i think the economy is much softer than it appears but on the trump assassination, i cannot believe after the 30 happened once the secret service has not up there detail in the protection. maria: when we seen at detail for president obama and other former presidents. >> my final thought, half a point, let's do it. maria: half a point from the fed on wednesday, we will see. "varney & company" picks it up, ashley webster in first do, take
9:01 am
it away. ashley: thank you very much, good morning to you indeed i am ashley webster in for stuart varney. stuart will be back tomorrow, i promise. for the second time in two months former president donald trump targeted in an assassination attempt, this time as he was playing golf in florida. the alleged gunman reportedly 300 - 500 yards away, the suspect it was a long rap sheet is now in custody, investigators are recovering an ak-47 style rifle, two backpacks and ago pro camera from the bushes around the trump international golf club, the big questions, how was the suspect able to get so close to trump months after the first assassination attempt, how did he know that trump was going to be there at that time, the other big story were watching in the markets is the fed expected to cut rates as soon as wednesday
9:02 am
you can see the mix back at dow up 111 appoints a quarter of 8% gain, the s&p lowered and the nasdaq down half 8%. a mixed bag for sure. the ten year treasury moving slightly though after basis point to 3.64%, let's take a look at the two-year that's been moving ever so slightly lower, that is the story down 2.6 basis points at 3.55, take a look at gold it hit a record high, right now it stated in $2612 per troy ounce, will talk about gold in a few minutes, what about bitcoin is seems to struggle to get the 59000 level and it seems to be a bit of a sticking point, anyway it is monday september the 16th, so much to talk about, "varney & company" about to begin. ♪.
9:03 am
ashley: we began with the assassination attempt on former president trump, the second one in just two months, good morning lauren simonetti, take us through what we know so far. >> another shocking close call, the would-be assailant is 58-year-old ryan routh, he is alive and in custody. trump uninjured and thankful writing this. i would like to thank everyone for your concern and well wishes, it was certainly an interesting day. most importantly i want to thank the secret service, sheriff ric bradshaw and his office of dedicated patriots and all of law enforcement for the incredible job done today i'm very proud to be american. fortunately, an agent saw a gun poking through a hole in a fence along the golf course, the shooter was 300 - 500 yards away with a rifle and a scope, that is an easy shot, the secret service has stepped up
9:04 am
protection for trump after he was shot in the year back in july but it's still not at the level of protection he was afforded when he was president. president joe biden says as i have said many times, there's no place for political violence or any violence ever in our country and i have directed my team to continue to ensure that secret service as every resource capability and protective measure necessary to ensure the former president continue sa safety. , the hearer says this, i'm deeply disturbed by the possible assassination attempt of former president trump today, as we gather the facts i will be clear i do political violence, we must do our part to ensure that this incident does not lead to more violence. routh has a long rap sheet, the investigation into what happened might unveil his motive, whether it is about time to increase secret service protection for all candidates, for trump and
9:05 am
harris. ashley: lots of questions indeed. thank you very much. former secret service agent tim miller joins me now, thank you so much for being here, i guess where do i begin, how was the shooter able to get so close to trump yet again, how does this happen. >> you sound like we've asked this question before, doesn't it. it's an organizational failure of the leadership of the u.s. secret service. thank god and extremely professional qualified secret service agent identified the threat was able to engage the threat and narrowly avoided another tragic incident and a citizen stepped up. let me be clear, that is not how it is supposed to work with the u.s. secret service, their mission is to be proactive in protecting candidates from these types of things happening, here we go again, they're not going to increase the level of support
9:06 am
required to keep president trump safe, why are they there? ashley: very good question. my other question how did he know trump would be golfing at that moment. >> that's the 64 million-dollar question in the investigation is going to start. i do want to presuppose anything in the early stages but the facts are going to walk out on this and the great news, we have a live person who were going to be able to talk to, the fbi and the sheriff's office did a fantastic job, they were all over identifying where the suspect was, we were able to take him into custody, it would've been a much different story were it not for a citizen who got engaged in the sheriff's department responding so effectively. ashley: should we beef up security for all candidates at this point?
9:07 am
>> i don't know how anyone could argue that we shouldn't. i think the question has been asked by congress over and over again what resources do you need. if a president candidate being shot in the head and another near mass less than months later we needed resources to protect that. i've been on golf courses with the president, the perimeter should have been much larger in the weapon is deadly up to 1000 yards with the scope, that is the way that they have to start thinking it. ashley: we will have to leave it there, thank you for bringing your expertise this morning on this issue we really appreciate it we appreciate it. thank you. let's move back to the markets, it's a big week for the market for the fed meeting on wednesday, a rate cut expected of course, how much, let's bring in jeff tika, great to see you,
9:08 am
were not seen any market reaction to the second assassination attempt, what appears to be against donald trump it's all about the fed, what do you expect to see from the panel. >> when it comes to the markets ignorance is bliss and when is a post-apocalyptic mad max movie that were living in, as far as it would be a much different story if the suspect got a shot off, thankfully he did not, yes investors right now are 100% 0 did on the fed and what the fed is going to do as far as interest-rate, we are practically 100% sure they are going to cut interest rates but the question is is it going to between five basis points or is it going to be 50 basis points and what i see it investors will be focused in if it's 25 basis
9:09 am
points it will be the investors who question whether 25 basis points is enough to keep us out of recession or if they cut 50 basis points, is there going to be an alarm reaction because investors will think that potentially there is something greater like what i think is a credit crisis in the making. that is what is going to transpire. ashley: you can't win when losing is either one or the other. almost out of time, should investors think about gold as record highs. >> we had a 20% appreciation gold i've liked gold and were in a post-apocalyptic mad max world so gold has been the safe haven for investors with a geopolitical risk and the potential of more inflation,
9:10 am
inflation might come back, the dollar might get weak. i think gold is going to have another surge and another leg up and i would buy it even at these prices. ashley: it was quick but always valuable, jeff sica thank you for your input. i want to have a quick programming note for our viewers. on wednesday we will be covering the fence highly anticipated decision date but guess what you can catch on fox business from h absolutely no commercial breaks, there you go, how about that. a new abc polls shows that kamala harris did not get a bump from the debate, we all said she did or some did and she stayed right at 52% support among likely voters, interesting, todd piro joins us, great to see you, my question do you think harris debate victory was overblown but
9:11 am
it comes to the voters. >> i think a lot of people question whether or not she one or they had a huge advantage three on one situation. this tells me two different things, one this is backward to come down to debate is going to come down to voter registration, i said it last week with stu i'm saying it again republicans need to make sure they get people and young people to vote and you would i will no regret busy people is often times the last thing in your head before you pull a trigger on something in life that ultimately makes up your mind trump needs to come up with a one sentence message for people basically the following the person he was in charge the last three and half years, his second-in-command about the inflation that we see in the border crisis that we see, if you do not like kamala harris for me, that simple. >> that is very good that did not come across in the debate
9:12 am
and that's what i think you should have focused on but you're absolutely right put that into a nice simple sentence if that's all the donald trump could do that would be at. todd you are staying with us for the hour, coming up bill maher making his bold prediction after trump state under debate performance against, the hairs. watch this. >> tonight i am saying i think it is over the polls will be tied and he will lose, that is my prediction. ashley: that is his prediction, could he be right we will ask kaylee mcghee white in the 10:0d assassination attempt on donald trump msnbc flip the script to blame the former president. >> do you expect to hear anything from the trump campaign about toning down the rhetoric and the violence and with appia typical of the former president. ashley: then the democrats threat to democracy, don't get
9:13 am
me going on this. we will talk about it but is this media narrative fueled more hatred? we will come back. ♪ ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) how so? (fisher investments) we're a fiduciary, obligated to act in our client'' best interest. (fisher investments) so we don't sell any commission-based products. (other money manager) then how do you make money? (fisher investments) we have a simple management fee, structured so we do better when our clients do better. (other money manager) your clients really come first then, huh? (fisher investments) yes. we make them a top priority, by getting to know their finances, family, health, lifestyle and more. (other money manager) wow, maybe we are different. (fisher investments) at fisher investments, we're clearly different. ♪ ♪ ♪ everybody wants super straight, super white teeth.
9:14 am
they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. [introspective music] recipes. recipes that are more than their ingredients. ♪ [smoke alarm] recipes written by hand and lost to time... can now be analyzed and restored
9:15 am
using the power of dell ai. preserving memories and helping to write new ones. ♪
9:16 am
9:17 am
ashley: we have mixed trading in the premarket, the dow up 105 points but the nasdaq itself half 8% with weakness in the big tech stocks, we will continue to follow that with the opening bell 13 minutes away, i want to get back to the second attempt assassination of donald trump, lawmakers from both parties want to know how someone with a rifle was allowed to get this close to trump again, chad pergram is on capitol hill, what are democrats
9:18 am
and republicans saying? >> good morning, bipartisan lawmakers are baffled and angry at two assassination attempts on the life of former president trump in two months lawmakers are worried about the heightened threat environment just before the election. >> all i can say we need to clean house in terms of leadership to protect the detail of great americans in if we don't change the way that we protect our senior officials, we are making a mistake in the threat level. >> democratic leaders like senate minority leader chuck schumer and house minority leader hakeem jeffries condemned the attacks but some republicans blame the left for toxic rhetoric. >> this rhetoric against president trump, this narrative that he will be the next dictator, he is the next hitler,
9:19 am
it has got to stop. enough is enough, stop it on the left. walz is a member of the special house task force investigating the july shooting in pennsylvania, lawmakers were briefed by acting secret service director ronald rowe and jason crow of colorado is a top democrat on that panel. >> they should never be an attempted assassination against that close if it's allowed to happen, people have rightful questions in this task force was formed to help restore the confidence and were going to the process now of restoring the american people's confidence. >> it's unclear if the florida episode could be enrolled into the july investigation. a report about the pennsylvania shooting is due from the secret service soon. ashley: thank you very much, pennsylvania congressman scott perry joins us, great to have you here, that is the question
9:20 am
how does this guy get so close to the president again. >> obviously personally concerned about we wanted accountability but the resignation at the top of the secret service and he continues at the very top, the person that replaced her it is no better obviously based on what we're seeing today my colleague from colorado talked about reinvigorating confidence in the institution for the american people they are watching all of this and they have absolutely no confidence, the trump administration, the trump campaign has asked for more and more robust protection, they have not got it in the secret service is saying he is getting all the protection and this must not just be for the candidate
9:21 am
this is based on the individual candidate risk and obviously the rhetoric of the left, president trump has a very high in risk probably more risk than the sitting president and the person on the other side of the aisle that wishes to be president, president trump is under greater risk so the protection must be more robust. ashley: it is insane, you mentioned the rhetoric, msnbc was blaming the trump camp i'm not sure how after the democrats called the maga extremist in the threat to democracy, the rhetoric has been sharp against the president, has it not work former president i should say. >> the rhetoric has been unceasing, it's been sharp they call us maga republicans and they use as a divisive term,
9:22 am
they called him as my colleague from florida said they called him hitler, dictator and what do they think the consequences of this are going to be, the victim shaming and blaming is outrageous it is unconscionable we do not blame john kennedy for what lee harvey oswald did we don't blame robert kennedy for what's her hamster handed this is an application that only exist for president donald trump, it is outrageous these people to simply lose their jobs and lose the megaphone that they have because they've got this for three and half years and this is the result and quite honestly it will not stop. ashley: are you telling me that donald trump does not have extra security despite what happened in pennsylvania two months ago. >> he may have some level of extra security but the secret service said were at the top of our limit based on him being a candidate read he's not the
9:23 am
president so we cannot do more, what i'm saying should be based solely on the threat level, the threat risk not some parameter that former presidents get this much security in current presidents get that much security, nobody is trying to assessment joe biden they can't find him in his bed sleeping, president trump is out there in the trying to assassinate him in the secret service needs to take action that are concurrent with the risk associated on the ground at that moment, that's what it needs to be. >> out of think anyone would disagree, thank you so much for taking the time on this monday to talk with us, always appreciated. thank you, let's check the future, a mixed bag is a little muted, the dow up 98 points but the s&p down slightly, the nasdaq up half 8% all eyes on the federal reserve traders see a 65% chance for the 50 basis
9:24 am
point cut on wednesday, we will see, stay right there. the opening bell is next. it's payback time. all these years, you've worked hard. you fixed it. you looked after it.
9:25 am
maybe it's time for your home to start taking care of you. we've invested in our home, we've worked on it, we had a whole lot of equity just sitting there, you paid down the mortgage, invested in your home. i guess, you could say, your home owes you. if you're 62 or older and own your home, learn how you could access a portion of your home equity to give you cash. a reverse mortgage can put more money in your pocket by eliminating your monthly mortgage payments, paying off higher-interest credit cards, and covering medical costs. look, finance of america can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash for almost anything you might need just eliminating the mortgage payment freed up a lot of cash for us i get to do what i want when i want finance of america customers talked about the counseling they got along the way so they know how a reverse mortgage works,
9:26 am
and how their home could help pay them back when they need it the most. i have no more worries anymore the fact that we're still in this home, means so much. it's done everything for us that we hope it would do for us. call now to receive your free no-obligation info kit. the kit shows you how to get you the cash you need using your home's equity with a reverse mortgage. find out how your home can start taking care of you. call this number. the worry every single month to make that payment was gone our customers' homes are taking care of them. maybe, your home could do the same for you. call finance of america, the country's #1 reverse mortgage lender and get your free info kit. call this number.
9:27 am
(cheerful music) (phone ringing) [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth.
9:28 am
ashley: welcome back a mixed bag in the premarket, the market opening under three minutes but the devil 124 in the premarket and the other two major indexes down a bit, keith fitz-gerald joins us now, great to see you, let me start with this. the fed starts is meeting tomorrow will get every decision on wednesday. as a quarter% cut baked in or could we have a surprise? >> i am of the latter i believe there is an outside chance that powell does absolutely nothing which is financial but i know they don't have the data that they like. ashley: that is interesting, if they did that how do you think the markets would react? >> is one of those things it's a goldilocks market nothing will be good enough for traders they cut by 25 the company 50 in the
9:29 am
get to say they want 75 and if they cut by nothing. i think we will see volatility that's the way september works and everybody to be ready for that. ashley: the cut by 50 those that show concerns by the economy which could trigger another wave of selling, let's move on we will find out soon enough what they're going to do but you bought stock picks into get to the first one it is called palmatier, why do you like palantir. >> this is a stock i cannot get enough of it makes software that actually works, high margins, incredible contracts amazing customer list, added to the s&p 500 institutional interest is rising i'm running out of fingers. >> i guess that is a good thing, next one pfizer. >> this is a company the everybody said the game is over because out of covid vaccines
9:30 am
their branching ontology live a new software to make the drugs more assessable i gateway if they will and are beginning to move into a.i. if you put all this together when the world is aging were talking about an eight compound 14, 15% because were getting gray around the gills. ashley: thank you for reminding me. very quickly, jeff sica says he likes gold as safe haven and this environment, are you gold at all? >> every investor should own gold but as much as i love jeff and as smart as he is if you're worried about a secure currency by bullets, diapers and medicine that is good to be the stuff that's going to get treated. ashley: great stuff as always we will leave it right there as we start the countdown on another trading week, the big story is the fed what do we get on wednesday most people expecting
9:31 am
the 25 basis point cut but who knows to keith fitz-gerald that could be a surprise we are often running, the dow almost all of the stocks in the dow 30 higher except for apple, amazon and boeing led by intel as you can see the top also caterpillar, travelers and someone the dow up 194-point half 8% gain at the very early going, 20 seconds. take a look at the s&p down slightly we will call it flat at 56 - 21 on the s&p, take a look at the nasdaq that was pointed lower in premarket, some of the bigger names of the big tech sector, that's where we are the nasdaq up 125 points, three quarters of 8%, talking about tech, a sea of red, alphabet, microsoft, meta, apple all moving lower, apple down to it three quarters% down $6 at 216.
9:32 am
with all the news that's been going on but haven't looked at djt how is it reacting, appointed half% despite the second assassination attempt on donald trump. >> is up a little bit, it was up friday when trump said he would not sell his shares when the lockup expires that is on friday, he is 57% of the company, i believe her speaking the first assassination attempt is a rare political environment that we are in it in july in pennsylvania this stocks by 33% and went from 30 to $40 a share after that assassination attempt is a volatile stock after the debate it came down a bit but good friday is doing decent after the second assassination attempt. ashley: very quickly note the dow hit a record high out of the gate is up 200 points right
9:33 am
around 41600, will get back to what keith fitz-gerald is talking about pfizer what about a drug that helps cancer patients regain lost weight. >> there is no drug for it in pfizer has been amid stage trials and it showing positive results, helped patients gain weight with no significant side effects. if this is approved it would be the first treatment specifically for cancer patients that lose their appetite and lose weight. ashley: interesting stuff, let's check out apple one of the biggest loser among the big tech if you like, down 3%, preorders for the new iphone 16 off to a slow start, is that part of it. >> apparently not, well-known apple analyst says preorders came in at 37 million over the weekend when you could first preorder them but that's down 12.7% when the 15k mountain preorders began, demand is
9:34 am
expensive for the 16 pro and 16 promax they fell the most and that could be because apple intelligence features are not available just yet, apple is down 3.5% that is a significant drop today despite the dow being higher. ashley: no kidding what point is it a buying opportunity, ford, what is this about in car ads. ford has filed a patent to play and show ads and commercials on the infotainment on your car and they're going to use the data that they have stored about you and your driving behaviors to personalize and target you with ads. for instance it might show coupons that are available at the grocery store that you can typically go to, may be helpful but how about this the patent also says that ford can listen to your spoken conversations that you're having in the car or on your phone to make recommendation for
9:35 am
advertisements for you. that is big brother. ashley: if i had when it would show mcdonald's ads that would tell you something about me. >> i get all my phone calls done in the car nobody wants to listen to those conversations. >> exactly, let's move on intel can get up to three and a half billion dollar u.s. grant, what is this about. >> make chips from the pentagon that comes from bloomberg, this three and a half billion would be in addition to a nap billion grants-in-aid half billion in loans the intel received emerge from the chips act, intel ceo pat gelsinger expected to update the stalled turnaround plan for intel later this month the stock is up nicely, charging $20 a share in the stock is down 60% this year. ashley: thank you. on friday ever core isi mark mahaney gave google a price market of 225 it is currently
9:36 am
156, was it lower? >> he brought it from 225 down to 200 but he kept the outperform the vibrating the reason he lowered the price, he said the market really is not taking into consideration the worst case scenario, the remedy that could happen because the d.o.j. said google is a monopoly in the remedy would be prohibiting google from bidding on search contracts which means they pay apple billions and billions of dollars a year to be the default search engine, if the d.o.j. says that google cannot do that they are losing market share extensively in the bread-and-butter business it keeps outperform rating but it takes it down to 200. >> let's change subjects how many workers is tire engine target hiring for the holidays. >> 100,000, sales are expected to slow the most in six years according to the analyst and
9:37 am
that's why target is offering more deals were discounts for holiday shoppers to lure you in and leave with a full cart. >> yes indeed, that is again, think of her much pretty strong start, 2044 of six tenths we can see j.p. morgan, chase and cisco and a broad list, let's look at the s&p 500, bath and body works have a good day up 3.4%, carmax, builders and these are the on the list the beginning of the trading week and nasdaq, intel, riley automotive, you can see all of those among the leaders
9:38 am
on the nasdaq, we have the really big tech names attending to move lower this morning which is why the nasdaq itself is moving lower, coming up jd vance clashing with cnn dana bash during a tense interview. >> i notice when you had kamala harris and tim walz you gave the multiple choice answers to the questions you asked but if you can interrupt me every sickle time that i open my mouth why am i even doing this. >> look at the face on dana bash like thunder, vance is accusing mainstream media of going easy on harris and walz's will have joe concha to react to that republican outrage growing after donald trump was targeted in a second assassination attempt, for the congressman michael waltz is demanding more from answers from the secret service and he will join us in the 10:0a long anticipated move, the fed expected to finally cut interest
9:39 am
rates, how will investors react, we get asked economist stephen moore next. ♪ [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows.
9:40 am
better questions. better outcomes. t. rowe price ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪
9:41 am
♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell! ♪
9:42 am
meet the jennifers. jen x. jen y. and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal with some help from j.p. morgan wealth plan. let's go whiskers. jen y is working with a banker to budget for her birthday. you only turn 30 once. and jen z? her credit's golden. hello new apartment. three jens getting ahead with chase. solutions that grow with you. one bank for now.
9:43 am
for later. for life. chase. make more of what's yours. ashley: take a look at the market we are 12 minutes into the session, the dow is still up 200 points, half of 8% gain, s&p down slightly, nasdaq off 1%, 157 with big tech names moving lower very early on today, america's debt, this is quite staggering, $35.3 trillion and rising, just don't even look at the debt clock it is frightening, $380 billion was borrowed in august alone, edward
9:44 am
lawrence is at the white house, how much are we spending just on interest payments on this debt. >> $1 trillion is what the u.s. has paid so far in just interest payments, were just talking about the interest, just paying the interest on your credit card it's not actually paying down the debt itself, record 1.2 trillion dollars will be spent for fiscal year 2024 according to the new release by the treasury department, republican states betty by joe biden and kamala harris pushed inflation but blue the national debt. >> one thing i can tell you a great threat to america is a growing debt. we over the last 365 days a going to spend approximately $2.45 trillion with the cr we will have a continuation of spending at roughly $3 billion a day or for the american people have the $7000 per second.
9:45 am
>> some democrats are starting to take notice, listen to this. >> we are now at 35 and counting and frankly neither political party has credibility on the issue but if we look last year $1.7 trillion deficit, 700 million of that was interest on the debt, the interest on the debt is going to eat us up. >> president joe biden and kamala harris blamed the former administration for the debt. listen. >> there is irony, every question that you asked me is something we are trying to fix and republicans get in the way, literally every question that you asked me. deficit spending is still deficit spending how do we reduce the debt. >> and telling you what the president has done, $1 trillion is not a small number in signing a legislation to deal with the deficit. >> she's talking about reducing the deficit that is not paying down the debt, the debt is still
9:46 am
increasing at 100, every 100 days the debt increases $1 trillion. ashley: yikes, scary indeed thank you for breaking down the disappointing numbers, frightening numbers, thank you very much. by the way on wednesday we know the fed is expected to cut rates by possibly 50 basis points, others say no only a quarter of 8% but let's bring in stephen moore who joins us this morning, are we going to get a half-point rate cut and if that is the case what does it say about the economy. >> i just have to comment on edward lawrence report because i was thinking when i first came to washington i think it was 1983, 84, the entire federal budget was $1 trillion and i remember when the national debt went over a trillion dollars and were like oh my god were pulling
9:47 am
out our hair and now we have the latest number, 34.5 i think you said trillion dollars, both parties are responsible for this, although the recent rise in the debt has really been joe biden, that's a very dangerous thing. with respect to the interest rates i'm looking at this data closely and by the way i know your interviewers are investors it's like crack cocaine every time the fed lowers interest rates but i am here to tell you, first of all i would favor acute under quarter percentage reduction not 50 basis point i think that would be too much given the fact that we stop inflation out there but i want to make sure people understand that the fundamental element of our economy right now is not monetary policy, that is not the problem it's edward lawrence
9:48 am
were spreading our cells into oblivion were writing objects that have to be repaid and consumers have an enormous amount of debt in the fact that you have this looming possible $5 trillion tax increase, that is what investors should be worried about because those things will destroy our economy if they're allowed to continue. >> very quickly were running out of time, registered voters have more faith in trump it comes to the economy he holds a seven-point lead over harris, i thought it would be more, is the economy the key issue that could put trump over the top in your opinion? >> i called them the three eyes, are you ready for this, the three eyes that will determine the selection, number one you just mention the inflation rate, that has been a killer for joe biden and, the here's, i number two real income and take-home pay incomes have been falling for american families in the third, the third is immigration,
9:49 am
those are the three issues that donald trump has to continue to hammer home, those are the things that people talk about around the kitchen table. this was a fermented interview that means over the time we did interview the national debt went up by $5 million. ashley: wonderful. great stuff as always, thank you so much i want to bring this back in a comes back to where we began the show todd with you saying simple message, the economy in the border, of the two i think the economy probably has the biggest impact because everybody is aware of what's going on with her pocketbook. >> i don't know focusing on 35 trillion is the way to go if i'm the president, president trump i think that gets into different monetary theories, when is the debt going to be paid off, that gets a little complicated, can you pay for things now, the answer is no, but for the other guy, really simple.
9:50 am
>> very simple, that is it, the campaign message right there. thank you very much, president biden visiting pennsylvania today, critical state for kamala harris in the race to the white house. mark meredith will have a full report coming up next. ♪
9:51 am
♪ ♪ ♪ ♪ you founded your kayak company because you love the ocean. not spreadsheets... you need to hire.
9:52 am
i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire
9:53 am
9:54 am
ashley: later today president biden will visit philadelphia, mark meredith is already there, what can we expect from the president today. >> good morning, this is not an official campaign stop but you can bet the president is hoping his visit to the state will boost democrats including his own running mate this is the tenth time this year that president biden has visited pennsylvania, the speech this afternoon is geared to the historically black colleges and university conference, the idea to expand the relationship between private and the government when it comes to hbcu, the administration says it's already been working on this investing $11 billion for hbcus since president biden took
9:55 am
office, money going to expand research grants, strength enrollment and buildout campuses we will listen if the president built up the campaign and vice president harris when he speaks over the beacon. he told a crowd in d.c. she is ready for the job. >> i served with her, i know her, i trust her and i'll be proud to stand at the united states capital and watch her take the oath of office as president of the united states of america. >> would it comes to hbcus support, the report are a little split, they say leaders of the hbcu are not sold on hearers or donald trump even though both candidates are out on the campaign trail kamala harris will be here tomorrow for a different event meeting with the national association of black journalists, you may remember former president trump with a brilliant the summer out in chicago. ashley: very good, we appreciate that. what is biden's role other than hanging out at the beach, what
9:56 am
does he do. >> i think it is unclear what it is because harris is running away from joe biden's agenda. i think if anything she is going to try to resuscitate him with the older voters who did not like the way she replaced him, basically saying it is okay i'm good with it, vote for kamala harris, whether that happens we will see. >> we will indeed, todd piro thank you for spending the hour with us always appreciate it kamala harris campaign manager says there will be a second debate with trump, kaylee mcghee white will be here to react with, for the congressman michael waltz demanding more from answers after the second assassination against donald trump, he is here with us and corey mills will be here in the 11:00 a.m. hour, stay with us, the 10:00 a.m. hour of "varney & company" is next.
9:57 am
♪ tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. (woman) did i read this? did i get eggs? where are my keys? (vo) don't wait while memory and thinking issues pile up. these issues may seem like normal aging
9:58 am
but could be due to a buildup of amyloid plaques in the brain. amyloid can build up over time. the sooner you talk to your doctor, the more options you may have. visit amyloid.com for additional information. ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. he looks down at his queen, and says... (in atrocious french) au revoir mon amour. a bientot let's work on that french, shall we? (♪)
9:59 am
au revoir mon amour. a bientot au owwwww bientot au revoir mon amour. a bientot (♪) (in perfect french) au revoir mon amour. a bientot now search with ai assistant with the hotels.com app
10:00 am
ashley: for the second time in two months the fbi investigated what i

43 Views

info Stream Only

Uploaded by TV Archive on