tv Varney Company FOX Business September 16, 2024 11:00am-12:00pm EDT
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>> obviously because of the rhetoric of the left, president trump has a very heightened risk, probably more risk than the current sitting president. >> this was about a four minute interview and from the time the we did this interview, the national debt went up another $5 million. >> vote for the other guy. >> i would hope that kamala harris would do more than issue a couple of sentences on twitter. she should speak directly to all voters to assure them she cares about a civil environment. >> two assassination attempts. we've got to stand our perimeters. we need more absence obstructing cerumen the perimeters and make sure we can identify anybody in a proactive mode before they have a chance to shoot. ashley: it is 1:00 11:00 a.m. os monday, september 16th. i'm ashley webster in for stuart varney. stu will be back tomorrow.
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the alleged gunman is currently in custody and the fbi is investigating and we're following every development there. also, now let's get a check of the markets. the dow coming out and hit a report high well over 200 point gain now just up over a quarter of percent and s&p turned negative and the nasdaq down 1%. talking of the nasdaq, take a look at big tech names all in the red earlier. we got alphabet turning it around a little bit. up a quarter of a percent and microsoft, amazon, nvidia and apple all down. apple down more than 3%. the 10 year treasury yield and slightly higher and slightly lower. up and down, up and down and 1.6 at 6.3% on the 10-year treasury yield. guess what, steve forbes joining us this morning. great to have
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you here, steve. >> good to be here. ashley: what does this say about the state of our country that there were yet another assassination attempt against trump? listen, when it came down to my phone notifications, i thought it was -- i couldn't believe it. what does it say alaska the state of scour country? >> the politics and rhetoric is poisoned and no change in the nearby future. what we should be doing immediately is the amount of security for donald trump should match that of the incumbent president of theout. that should have been done after the first attempt and the fantastic that the killer could have gotten so close a second time is utterly unbelievable. the social security has a lot to answer for and the healing of the political system will have to wait till a new president takes office ashley: wealthy
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americans are calling to prep fail safe estate plans ahead of the election and of course just in case kamala harris wins. is this just another attempt by democrats to go after the wealthy? it's always the rich is the problem; right, according to democrats. >> yeah, i love how they say kamala harris is saying a lot of candy corn on the campaign trail, but the fact of the matter is her agenda is out there and it is absolutely disastrous for the economy in the future. part of that is this death tax and death tax with the deduction you'll get is halved and the trump tax cuts all must expire next year and require negotiation and could get the death tax and the new taction law next year to people looking at their wills and looking at plans actually a necessity and people in high tax states that'll be ready to move and
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everyone is coming after you. ashley: steve, other countries tried this and wealth moving elsewhere and one inned up in russia of all places and you're going to do this and people will take their money elsewhere; right? >> money is mobile and people today are more mobile than ever before with the ability to move capital. the old saying that capital goes where it's welcome and stays where it's well treated is very true. more ominously with these proposals of harris is that it destroyed capital, destroys capital creation and means stagnation in the future. it's not just taking what's there and destroying what we could have in the future. ashley: moving onto this story. i can imagine stu giving this the eye roll. according to a new survey, 75% of business leaders are calling ggen z hires unsuccessful and 6% say some had to be fired.
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i guess it's all about being a snow flake. does it surprise you, steve? >> well, going out into the work force in a environment lake that after the shut downs and unfortunately a lot of colleagues today, their schedules are very easy on students and standards are going down and one of the shocks that people get and it's even worse now is that when you leave college going to work and don't get vacations anymore and may get two week as year and not for spring break for the whole year. there's an adjustment but i think with g gen gen x, it's moe serious than before and they're not getting adequate lessons and he'll hit the mall. economies don't stay up going up forever and great job offers don't last forever and most getting a reality check and going and coming to work on time and means learning to treat your customers right and the like. very basic stuff and reality will save this situation here.
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ashley: i remember moving to the united states i was 21 years old and only had 16 maybe -- thank you very much, steve. check's in the mail. i had six and a half weeks of vacation and came to america, they said you get a week off after working here a year. i said i beg your pardon? there is a reality check. you have to work hard and to your point, steve, has to change in the schools and maybe in parenting but work hard and get up early and get there ahead of time and forge your way. doesn't just get handed to you. we have communications like never before and peers doing well and rules of the game of getting ahead and we have a good effect and nothing like the cold slap of reality to bring you realizing life is not given to you. got to make it, especially in this country where there's still plenty of opportunities despite
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all the abuses put on the economy. ashley: amen. steve forbes, that you can't for joining us. >> thank you. ashley: great time. take a look at markets and lose losing a bit of steam and focused on the fed meeting tomorrow and getting the rate decision on wednesday and the dow right now up 140 points and they did hit record territory out of the gate and the s and p and nasdaq lower. bring in mattson money and founder ceo, mark mattson. do we get a half point cut and how does the market react to that? >> that's a great question and the reality is it doesn't matter and the lives political to get harper lanes into the presidency and the reality is that the real interest rates are set by supply
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and demand. not by the fed. the fed basically follows interest rate around and so it's really theater and they use inflation to float debt and a trillion in interest rates per a trillion in interest to pay back every year on payments on the debt and that's causing inflation and progressive tax on that to afford it in the middle class and the fed is not making a big difference and interest rates for 30 year mortgage rate up 6% now and they work 3% before this presidency, current presidency started. ashley: and cutting half a percent, doesn't that send alarm bells the fed is in worse shape? the fed is forced to do that. >> could be. look, here's what i'm -- i just wrote a book, steve to a lot of
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my talking points and wrote an endorsement for my book for the american dream and i look at this and who is going to be best to save the american dream. have a job and family and have a home and much people want as part of american dream and nicer time and have children and have a family and kamala harris is taking it country down a disastrous road if she gets in and wants a 28% capital gains and capital gains should be zero. that's money you're paying taxes on and you earned it. you should be growing it for your family. she wants a tax on capital and quarterbacking for billionaires and 28% corporate rate tax, which will drive jobs across the border. into other countries. it's going to be disastrous and trump tax breaks would expire, which would be about a 20% tax hike for everybody.
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ashley: yeah, sorry. we're out of time. lots of news today. mark matson, thank you. i want to get to lauren and take ago look at movers, looking at apple down lower. lauren: down 3% and fda approved the apple watch sleep apnea detection software tracking you for ten nights to determine if you have the condition. bach l says, look, this is our recommendation and seek out a formal diagnosis. that is good knew. your apple watch can do for more you, services like potential mover for apple. the stock is down though because influential iphone 16 preorders of 37 million this past weekend down about 13% from last year when the 15 launched. at&t, month long strike there is over. the technician are back on the job today after reaching a new deal with the company giving
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them 19% pay increases and better healthcare. at&t up 2.2%. and speaking of strikes, boeing day four strike is today and last strike 16 years ago lasted 50 d days and cost well over $100 million a day. boeing down 1.5%, ashley ashley: yikes it's been a tough go for boeing in every sort of way. lauren, thank you very much. appreciate that. fox business, we should mention this, have a commercial free coverage plan for fed decision day on wednesday. know this from 1-4:00 p.m. eastern. again, fed decision day commercial free through much of the afternoon from 1-4:00 p.m. and we find out what the fed decides to do and what they say about it. all right. the big story of the day of course former president donald trump escaping yet another attempted assassination.
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congressman mike walz says the left's rhetoric is to blame. >> you convince the country and convince themselves that the ends justify the means to stop trump, it shouldn't surprise anybody that people are taking this literally and trying to kill him. ashley: well, i'll tell you what, former fbi agent nicole parker will be along as we talk about how on earth did the shooter get to within 3-500 yards of the president. we'll be right back. ♪ the future is not just going to happen. you have to make it.
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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.
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ashley: donald trump is safe well follow ago a second astructure and support nays attempt and the suspect appeared in court this morning and david spunt joining me with all this and the very latest. david. >> ashley, ryan routh, the 58-year-old charged with two federal gun crimes and appeared before a federal magistrate in west palm beach issue not far from where the incident took place yesterday. the first charge possession of a firearm by a convicted felon and possession of a firearm with obliterated serial number. according to our producer in the courtroom, he was engaged, he looked around the room, laughed several times while talking to his court appointed public defender. the first offense, 15 years in prison and $250,000 fine and second is five years in prison and $250,000 fine and understands the penalties and does not have enough income. the judge says he makes about $3,000 a month. the judge asked how much he saved and no money saved and
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seems to understand exactly what this comes to be. it's not clear if he's talking with the fbi or others trying to investigate the potential motive here, ashley. i mean, unlike what happened on july 13th in butler, pennsylvania, the fbi and department of justice have a opportunity to talk to him and get in his mind and find out what else entailed mind this crime and u.s. attorney prosecuting he asked for ryan routhe to remain in custody for a pretrial and three-day detention hearing and he'll be back if court one week from today but he's facing those two federal charges right now and again, we're told he could be facing more federal charges and we're expecting to get an update from the secret service director
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who's on the ground in west palm beach later today. ashley. ashley: very good. david. thank you for the latest there. we appreciate it. meanwhile president biden asked whether the secret service needs more personnel. watch this. >> thank god the president is okay. one thing i want to make clear. the president heeds more help and congress needs to respond to their needs and they need more services and we'll be talking about that. ashley: former fbi director nicole parker joining us now. thank you for being here. he said the social secret servs
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more help. would you agree? >> i agree for the first time and that's fully correct. i've worked with the secret service and know agents, former agents and they are overworked and underpaid for rank and file having very lit toll no support from upper level manage p.m. those in high leadership roles and they always have shared with me i wish they'd go to congress and ask for more money. they need to ask for more money and we're sitting here trying to work in the trenches and they're afraid to ask for more money. i think the other important key is they need to hire high quality secret service agents and there's been a big dispute and as a female former fbi agent, no one should get a job based on gender, race, or be discriminated for that reason and hire only the most qualified individuals. when you're hired to protect the former president of the united states and that is your job, you need to make sure you're up to par. i would like to commend the secret service agent yesterday that engaged with this subject.
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they immediately saw a threat and engaged and because of that, president trump is still alive. ashley: they say donald trump is a former president and not current president and doesn't have the same secret service numbers and are you surprised he's not getting better or more extensive security? >> the logic cal said would say yes but the reasonable said would say no. we saw this with rfk jr. as well and getting the minimum amount of footage necessary. they didn't give coverage to rfk jr. after his own father and uncle were assassinated and doesn't shock me and i heard he was getting more protective detail and yet here we are again. it's important to note the
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united nation general assembly is going on in new york. that require aston of secret service resources, and i have seen this way in advance and thought that's going to potentially suck up a lot of resources and i think the problems will continue to go on because the underlying issue is they're not enough agents to do the job that they're being asked to do. but again, that doesn't excuse any of this and no akasam nation attempt is okay and no reason that individual should have ever been in such close proximity to president trump at a golf course. he has the right to go golfing and can he not just take a day and relax and go golfing? absolutely he can. for those saying he needs to stop doing that. no, don't stop but live your life and expect taxpayer dollars to go towards secret service agents that can do their jobs. at look at markets and dow
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hitting all time hyde high earlier today out of the gate and since lost quite a bit of wind at its sales sails and dow up 89 po points and s&p and nasq moving lower and gold all time high today and lauren, is this all about the fed? yeah, it's fed week. on wednesday we got the decision, lower rates push beyond yields down therefore making gold a more attractive investment. it did hit a high earlier today. and look, ashley, three democrat senators say jay powell should cut 75 basis points this week. then ann luisa at amd seeing 2500 an ounce. ashley: lauren, thank you very much. people have the gold fever. coming up, springfield, ohio,
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struggling with thousands of haitian migrants who moved into the community. local officials say there are issues being overshadowed by people trying to score political talking points. one of those officials will tell us what is really happening, what's it like and what's happening in springfield, ohio. that's next. ♪
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ashley: lauren, you're take ago look at movers today and take a look at trump media and technology. djt. lauren: yeah, the parent of truth social and barometer of support for president trump and traded higher at open and much higher on friday and now down and significantly lower than the $40 close right after the first assassination attempt on donald trump in butler, pennsylvania, back in july.
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it's now down after assassination ateam number two. lift is having a good day up 3%. they have a new feature helping riders avoid surge pricing. tough spend $3 a month but if you can lock in rates for $3 a month, lyft says you save on average $40 a month. ashley: lauren, thank you. today texas governor greg abbott hold ago news conference to discuss ongoing border security efforts. brooke taylor is in dallas this morning. brooke, what more are we hearing from governor abbott today? >> well, governor abbott will be joined by dps officials, local and state leaders to talk about border security. they're expected to point out the failures under the biden harris administration when it cops to allowing all the criminals into the united states. we were just in houston last week covering the case of a
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12-year-old girl jocelyn nungaray and her accused killers are two immigrants from venezuela and her mom spoke in front of congress blaming open boarders for her daughter's death and dps say expect the venezuelan gang treen day august walleye to be a topic and this hotel in el paso we've reported on and temporarily shut down because of out of control crime. many reare recruited before entering the u.s. and a 24-year-old, trendy ago walleye arrested and dps tells me trendy
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agotrende aragua and law enforcs to to depend on tattoos and prior to gang affiliation and that pressoconference with governor abbott. ashley. ashley: brookeal lori harmon in dallas -- brooke taylor in dallas. thank you very much. small town of springfield, ohio, has become a focus of national media attention. ashley: melanie, great to have you here. are political issues overshadowing the real issues in the community? >> absolutely. the rhetoric around what's
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happening here has become so politicized that it kind of takes away from the real focus is that we do have a surge that's exacerbating some of the problems we have and we're experiencing before and we haven't had an increase in population in many years and for the most part, they are refugees on the temporary protective status and we're not experiencing a large number of illegal immigrants to our community, but regardless it's putting a stress on our infrastructure and we're working to continue to improve how we stand so that we can serve all of these folks that are in our community, both those here forever and those new to our community.
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why they have jobs for them to be true. >> we have a number of jobs open over the last few years have new distributions and we're locating here with thousands of jobs available and we have quite a low cost of living compared to the rest of the country so we have available housing. i believe that that was kind of the environment that allowed people to see that and agencies saw that as a opportunity to bring folks here that had work visas to fill some of the jobs and saw the economic opportunity for themselves as well. ashley: do you think the interrogation of the migrants are improving based on problems we're talking about? >> i believe it was starting to improve over the past few months
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and seems to be setting us back a bit. i see opportunity from our immigration and jobs and community and unemployment numbers are low and there's real economic concerns that we have now and we've seen the start to impact on businesses that were in the process of hiring haitians and to fill some jobs they needed and we needed workers here and secondly seeing events for example we have a very large internationally known event coming up this weekend. i have been in this community and i feel they're very unfounded and i feel extremely safe here and among the folks that are native springfield and clark countieens and those haitn
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in the community. ashley: got it. hear your message. melanie flax well. thank you for joining us this morning to bring us up to speed on springfield, ohio. we appreciate it. now this, the oregon adopt of transportation renning sterling heightsed 300 noncitizens to vote. how, lauren? lauren: oregon's dmv said a data entry issue and allows noncitizens to get driver's licenses since 2019 and automatically registered people to vote when they apply for a driver's license. seems there was double dipping resulting in 306 noncitizens in oregon being registered to vote. out of that number, two actually voted. and it is illegal at both the federal and state level for illegals to vote but clearly it's happening and not just in
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oregon and noncitizens on the voting roles in states from texas to ohio to georgia. we hear you. thank you, thank you. melanie trump has a new memoir coming out and contains a warning to the herman people about the case of the fbi and bring you the full details on that. but first, christmas is 100 days away and some retailers already rolling out their holiday specials, why not? they're concerned about a sharpening slow down. gerri willis talking to one store owner worried about a holiday sales slump. that story is next.
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ashley: we are keeping an eye on the markets today. of course the fed is expected to cut rate this is wednesday. the dow hitting a normal time intraday high but off 83 points now and going to have to finish off more than 169 points and finish at record close. the s&p and nasdaq sightly lower. pay raises. yay. come on in here, lauren. how much more are large corporations spitting out in a minute, how much are they set to raise base pay next year? do we know? lauren: 3.9%. i didn't think that was a lot. i know, the conference board said that the expected base pay increase for 2025 this year was 3.8%. last year it was 4.4%. so still growing at a solid clip
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and job market in tact and relatively strong and the cost of living going up and more than 3.9% pay increase and biggest hikes coming in the insurance and energy and communications divisions of big companies. lauren: now you know. ashley: we hear you. now we know. christmas is 100 days away and some retailers are rolling out their holiday specials. gerri willis in summit, new jersey this morning. gerri, are store owners worried about this holiday shopping season? >> hey, good morning, ash. that's right. they're very worried to put it
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we're at sustainable house at summit, new jersey, with the owner. good to see you. jeanette sources everything in the store and makes some of the goods herself. janet, you've got this gush jeanette, pardon me, you've got a beautiful display of holiday here. what do people say when they come in the store? like what's with the tree already? >> they're a little mixed. some love it and are already in the holiday spirit and have been and for other people it's a bit early but it's a time of year that makes or breaks us. hobby lobbies and discounting and how important is it that you have a really strong holiday season? >> you know, for us the numbers are 2-3 times what they could be any other month so november, december are huge and it could be the difference between us being here for another year or
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not and the holidays are really important and we can help teach people sustainability and bying ecofriendly gifts. reporter: it's make or break for you absolutely and i know we had numbers from the fed this morning. some 9% of credit card bal bals de-link went and going for them to go other times and they're saving budgeting. reporter: tossing back to you, ash. numbers on estimated spending for the season and only 2.3% growth and that's down from 4.3. back to you. ashley: thank you very much. gerri willis going with the whole thing and moving around as far as i'm concerned. i digress. take a look at the dow 30 stocks that get as sense of the markets and we have intel, merck,
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travelers, sisco at top and bottom and apple, boeing and amazon and going today and the dow itself is on fire when we came out of the opening bell and sense is they've lost some of that momentum high by 84 points and we're doing to see lasting in the very latest coming up next. [♪] can a personal loan unlock your ambitions? oh yeah. take a swing at your kitchen reno... we meant that literally. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required.
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wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. ashley: the suspect in donald trump's second assassination attempt smiling and laughing during his first court appearance. retired secret service special agent kenneth valentine is here this morning. the question everyone is asking is how does a second assassination attempt happen within two months? when you got the news, you must have said, this can't be possible. >> it is very frustrating,
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ashley. what do you say about the situation that we found ours and our country where the visit reel is so high -- vitriol is so high and there's a lot of talk that is not helpful to people on the verge of doing something stupid, planning and then moving forward with doing it. ashley: well, what's the problem? inadequate protection? >> i don't think inadequate protection, but the real conversation that president trump had with the head of the secret service today and getting the ss resources you have fable to you to do this job? clearly they did not have the assets, the coordination, the resources maybe in butler but, you know, how many times is it going to take before the answer to that question is an emphatic, yes.
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you're getting everything we have and bringing every resource and every know how and everything to bear and to work these efforts, but one hole away is a bit close, especially with a big long gun like ak-47. ashley: well, we had a former agent tell us these rifles can be deadly up to 1,000 yards away from what i understand, this was 3-500 yards. i mane, which suggests should the perimeter have been further back, i mean, it's 2020 hindsight but that's awfully close. >> yeah, regardless of the weapon, that's too close and you can use any crude weapon and ak-47 is not known to be a very precise weapon and not categorized as sniper but one used by most of the communist
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countries and readily available in the u.s. if you want one, you can find one as long as you're willing to pay for it. the problem with the ak-47 is they work and they work pretty well. but they're also very devastated and they hit. they do hit and and they'd be devastated. ashley: should there have been a greater perimeter? >> a golf course presents very specific and hard problems and it depends. i hate to give you that answer but it depends on who you're with that day, how much notice they v. i will point out that this shooter seemed to have picked the perfect spot. not only to get a shot off but then to get away and that's anyone that's not had to give their life for this endeavor, get a shot and get away.
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this is where he set up. so that seems to me like a great place to put a police officer, a police post and take that avenue of approach away from a would be assassin. that's the question and why wasn't that posted? how much notice did they have and how close was he really to being able to get that shot off. plus the secret service picked him up when they did and chase him out of there and i want to give a big shout-out to the local police department and very fast in reaction to the information they're given and the coordination and communication was meaningful and had a good outcome. ashley: yes, indeed. we'll have to leave it there. kenneth valentine, thank you for being here and we appreciate your insight on this disturbing development. thank you so much.
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former first lady melena trump has -- melania that trump has a warning about the fbi. lauren. lauren: she blased their raid on mar-a-lago two years ago and they were looking for a classified documents and they went through her personal belongings and melania that said that's "a warning for all americans that it could happen to you". her husband, donald trump, facing 40 charges related to his election mishandling of classified records. that case was dismissed and her memoir, melania that, details more of it coming out october 1. ashley: should be an interesting read. all right, lauren. thank you very much. guess what, it's now time for monday trivia question. here it is: the oldest airport in america that is still in operation is in which state: north carolina, maryland, virginia, or south carolina? think about it. don't go to google. take a well educated guess.
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lauren simonetti has been pondering this, what do you say. >> i cannot fall asleep thinking about this, virginia. ashley: i thought north carolina because of the wright brothers in kennedy hawk, i'm going with north carolina, the answer is we were both wrong, at least we were consistent, maryland is the answer, college park airport has been in continuous operation for 115 years when opened in 1909 founded by the wright brothers and has an aviation museum on site. ashley: i went to school right by that i did not know they had it airport. ashley: did you really, now you can get some sleep because you don't have to fret about it anymore, we are out of time, let me take a quick look at they're down, up 130 points or thereabouts we will have luck unto well over 200 before we come back a little bit, "coast to coast" is next, take it
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