Skip to main content

tv   Varney Company  FOX Business  September 17, 2024 9:00am-10:00am EDT

9:00 am
watsonx helps you deploy ai wherever you need it. so you can take your business wherever it needs to go. ibm. let's create. maria: welcome back. make sure to tune in to fox business tomorrow afternoon, we'll be live, commercial-free coverage beginning at 1 p.m. eastern for the highly anticipated fed decision and how it all comes down, market reaction. we are 30 minutes away from the opening bell, i want to thank hannah and michael, great show, everybody. we is so appreciate your time, dow industrials up 13 if 0 right now. "varney & company" tick -- picks it up. stuart: yeah, the stock market
9:01 am
rally continues. 160 million people have a stake in this wealth creation machine. looks good, doesn't itsome seems like the stars are aligned. the fed is lowering interest rates for the first time in four years, retail sales of only 0.1%. now, okay, these are preliminary numbers, subject to revision, a decline had been expected. nonetheless, the dow at moment up over 100 points, the nasdaq up over 130 points, the rally continues. treasury yields, they're rising just a little. we have the 10-year coming in at 3.63. that's up, what, 1.6 basis points, and the 32-year, we have that ---year, 3.58. still shy of 3.600. gold enjoying record levels with lower interest rates looking at 2604 per ounce, slightly below the record high. bitcoin rallying, $59,300. the trump family starting a crypto banking platform called
9:02 am
world liberty financial. don jr., eric and barron will have a 20% stake. gas with down to $3.20 the a gallon on a average, and there are still 11 states under $3. diesel just under $3.60 a gallon. many questions surrounding the second assassination attempt. how come the potential assassin staked out trump's golf course for 12 hoursesome should the former president now get the kind of protection offered to a sitting president? what role did trump-hating rhetoric play in all of this? hillary clinton has just called him a dangerous man who should be s&p stopped. should be stopped. trump himself said we heard shots. the secret service knew immediately it was bullets, and hay grabbed me. trump will hold a rally in nassau county, new york, later this week. 25,000 expected to return. on thursday of this week, kamala harris will be interviewed by oprah winfrey in
9:03 am
what's described as a live streamed 2-hour event with a small, in-person audience. on the show today to, a tale of two cities. i returneded to from my first visit to the london in 30 years. i came back to to new york. it is tuesday, september 17th, 2024. "varney & company" is about to begin. ♪ ♪ stuart: all right, we have to start with the latest from the second assassination attempt on former president trump. he took to x to speak about his experience. or morning, lauren, what did he say? lauren: morning. it was his first public comment about it, and he praised the secret service. watch here. >> all of a sudden, we heard shots. being fired in the air. and if i guess probably four or fife. five. and it sounded like bullets. i was with an agent, and the
9:04 am
agent did a fantastic job. there was no question that we were off that course. i would have loved to have sank that a last putt -- [laughter] but we decided let's get out of here. and amazingly, a civilian in that area saw something that looked very suspicious, and in the car drove their car to the back of his truck of some kind and took pictures of the license plate -- >> wow. >> -- gave them to the sheriff's office. lauren: the suspected gunman, ryan route, was charged with -- routh was charged with two counts. he was on the fbi's radar back many 2092019 for being a felon in possession of a firearm. that investigation was closed. "the washington post" reports secret service knew trump's golf courses were security risks for years, but trump wanted to keep golfing. and cell phone day a shows the
9:05 am
suspected gunman camped -- camped out for 12 hours at the course meaning it was the middle of the night when he settled in and stayed hoping trump would pay a round on sunday. he did. unfortunately, secret service went ahead of trump. when they fired shots at him, he got away and then was apprehended. stuart: listen to what the acting director of the secret service had to say about trump's security. roll it. [inaudible conversations] >> we constantly evaluate based on threat, and yesterday what we show is that our agents and our protective methodologies -- and there's a lot of tactical assets in place, things that have been put in place as a result of what happened 60 days ago -- those elements are working, and that demonstrates the redundancies that we have. we constantly evaluate, we'll, of course, look at this and see what lessons learned from it. but as a of right now, we are constantly evaluating that threat, and if we need to to ratchet up additionally, we will.
9:06 am
stuart: former acting tone general matthew whitaker joins me now. should trump be protected in the same way that the sitting presidents are protected? >> yeah. good morning, stuart. pleasure to be with you. you know, i think he needs to be protected more than they are protecting him. we've had now two assassination attemptses, he's also been murderedded twice, so obviously, something's not work. the secret service can tell us they have redundant systems, but people with long rifles are still getting too close to president trump. and, you know, i fear, you know, that this is not going to stop until the secret service, you know, gets serious about protecting president trump. stuart: should trump change his lifestyle and his campaign style? >> absolutely not, stuart. you know, this is the freest country in the world, and president trump should be able to go about his daily business without fear of being killed. and so the secret service is going to have to adjust. they need more resources. you know, the acting director
9:07 am
acts like congress somehow is the one in charge of that. i think it's the secret service that needs to find an ability to leverage everything they have, to be as creative as the would-be assassins and to make sure that president trump is protected. and, you know, all their protectees are protected. at the end of the day, you know, we cannot lose somebody like president trump because of a failure of imagination. if. stuart: and it's the not up to trump to change to aecom nate would-be -- accommodate would-be assassins. that's my conclusion. matt whitaker, i'm sorryst so short, but we're glad you were with us. >> good to sew you, stuart. stuart: -- the second trump assassination attempt. roll that. >> leapt me just say -- let me just so there is no, and i mean this from the bottom of my heart, no place for political violence in america, none, zero, never. [applause] i've always condemned political
9:08 am
violence, and i always will in america. in america we resolve our difference peacefully at the ballot box, not at the end of a gun. america's suffered too many asylum -- times the tragedy of an assassin's bullet. it solves nothing and just tears the country apart. we must do everything we can to prevent it and never give it any oxygen. stuart: shar ily hurt -- charlie hurt joins me now. did the democrats have anything to do with this level of violence against trump? >> oh, think the rhetoric and the fact that you have a campaign that is the devoid of any answers or issues or solutions to problems as the harris campaign is, it is entirely revolved around hatred for one man, i do think that the that is, has a lot to do with triggering crazy lunatics in this country. and you just have to look at what this guy said in the leadup to this. i mean, he's directly parroting lines that he's picked up from
9:09 am
the harris campaign. so i think that without a doubt, obviously, that does not absolve any of the responsibility of this lunatic. i love what joe biden said right there. but, you know, with the flick of a pen, he could give the former president, trump, the exact same security that he gets. and the idea that he does -- i can't explain why he doesn't. it would actually make him look good -- stuart: true. >> -- if he were to do that. but this is not about donald trump. this is about our political system. and we live in a country where our political leaders don't get assassinated. that's the objective. and that's a bipartisan objective. and why dehunt -- he doesn't do everything in his power baffles me. stuart: later on we're going to discuss if this has impact on the vote. we have the latest read on the economy this morning. august retail sales, take us through the report, please. lauren: we didn't see a big increase on the month, but we
9:10 am
were expecting a decline. retail sales up .1% in august from july and up 2.11% from last august. look at that annual number, that's a significant slowdown from july when it was 2.7%. last month we spent more online and less at the groce restore, less -- grocery store, less at the gas station the. resilient consumer. stuart: the response probably to the lowering interest rates which are coming this week, we've9 got green across the screen. up 130 on the dow, nasdaq up 1432. thomas hayes joins me -- 132. thomas hayes joins me. what do these numbers mean for the market? >> i think it shows a continued resilience of the economy and the consumer. i think as it relates to the mid fed, which is the big question for this week, it probably gives them cover to just start with 25 to get their feet wet tomorrow, 25 basis point -- stuart: does it matter? 25 basis points, 50 basis points, does it really matter
9:11 am
hatch if a down trend is in place? >> i think you're exactly right. i think that's what they're going to do. the big thing though that very few people are paying attention to, what they're paying attention to is a 65% chance of a 50 basis point cut, i think that's a little aggressive. the key thing is not what happens on wednesday, what happens on friday with the bank of japan. if you remember in early august, the bank of japan hiked when the fed didn't move, and that created a liquidity mismatch, and the nikkei fell 25%. if the fed goes 25 basis points and the bank of japan needs to hold pat and do 0. if they go can 50, the bank of japan can hike 25, and things will be okay. but you don't want a situation where the bank of japan steampts to unwind that carry trade again by going more aggressive -- stuart: he's just getting very complicate canned. the bank of japan to the federal reserve -- lauren: i think the bottom line is that stocks go up. typically, the s&p 500 goes up
9:12 am
13% in the 6 months after a rate cut. stuart: okay. lauren: so if you do well in the market, you'll continue to do well. stuart: last time you were on the show you said intel was worth buying, and at that time it was, what, $19, 20. >> yeah. everyone was hiding under the desk, and during the break you said, tom, what do you think? i said, absolutely buy it. if they liquidate the thing tomorrow, you get your money back, oh, by the way, there might be upside. this is a business that did $50 billion of revenue in the last 12 months, and people are worried about solvency. three big announcements since we saw yesterday, they're partnering with amazon to do the an a.i. customized chip, a $3 billion contract from the department of defense, and they're moving the foundry business into a subsidiary so they can raise outside capital -- stuart: so buy it at 21? >> i like it at 21, 20, 19, and it's going to 30, 40 plus over time. stuart: okay. thomas hayes, thanks for being with us.
9:13 am
coming up, president biden lashing out saying diversity values are under attack. watch. finish. >> books are being banned. history's being erased. hbcus have received bomb threats. lies and hates are being spread about haitian-americans in ohio. stuart: already. -- all right. we'll have more on that later. jason chaffetz is going to take the it on. secret service claims their plans during trump's unscheduled golf outing worked. roll it. >> the president wasn't supposed to go there, it was not on his official schedule. we put together a security plan, and that plan worked. stuart: but the suspect was able to stalk the site for 12 hours. how comesome former fbi special agent jonathan gillian on that next. ♪ ♪
9:14 am
♪ ♪ ♪ ♪
9:15 am
(♪) (♪) (♪) (♪)
9:16 am
9:17 am
9:18 am
stuart: futures indicate a higher opening on wall street this tuesday morning. dow up about 13 if 0, same with the nasdaq, up about 130. interest rates coming down, market's going up. we get back to the second assassination attempt on trump. danamarie mcnicholl in palm beach for us. is governor desantis -- he's launching his own investigation, isn't he? >> reporter: that is right. good morning, stuart. 6789 we're going to hear from him in just a bit, but he has said that he thinks the federal agencies that are trying to prosecute the former president here in south florida shouldn't be the person we turn to to get answers to about what happened on sunday. we're waiting for clarifiuation on that, but let's get you some body cam footage that shows ryan
9:19 am
routh moments after he was arrested on the highway. this after he fled the golf course when secret service spotted him. we learn his cell phone records show he was camped outside to the course for nearly 12 hours with ford and a rifle before agents -- food and a rifle before agents confronted hum. the fbi also said they are determined to provide answers and have interviewed seven civilian witnesses as well as speaking with people close to him to determine a possible motive. he previously lived in the greensboro, north carolina, area before moving to the hawaii this year. police had over 100 interactions with him who constantly broke the law. >> almost like blatantly saying here i am, and it doesn't matter. so is he would be constantly pulled over. >> reporter: now, in 2002routh
9:20 am
barricaded himself inside his business after being pulled over, charged with possession of a weapon of mass if destruction. routh's extensive social media presence regularly call out politicians i including former president trump. last year in an apparent self-published book, he reportedly called for iran to to assassinate the former president. he is facing two federal firearm charge, a possession of a firearm by a convicted 234r07b and possession of a firearm with obliterated serial all number. these two charges are initial charges to keep him in custody and may more be added. back out here live, the palm if beach county sheriff did say the security level aft mar-a-lago is at the highest level it can possibly be, they have road closures and checkpoints. we are getting word that the governor is speaking right now so, again, that state-led investigation into what happened on sunday, we should get some information about that.
9:21 am
stuart? stuart: thank you very much. texas congressman pat fallon joins me now. you are on the trump assassination attempt task force. how did this guy go understand unnoticed for 12 hours near the golf coursesome is that a failure of the secret service? >> clearly in that case, yeah, because they should have had dogs and should have swept the tremor -- perimeter with dogs, and he would have been discovered. what the secret service must do, and i've been calling for this for months now is give the president a full complement as if he were the the sitting president of the united states. that will protect him. that would have prevented this guy from sitting there for 12 hours. me needs it, he's the most famous person in the world, he used to be president. he's being threatened by nation-states because of actions he took while he was president, and he may very well be the next president. stuart: could the president, president biden, could he just do that the with the stroke of a pen? say, you're getting full coverage, mr. trump? >> if he doesn't have the direct
9:22 am
authority, which i believe he does, all he needs to do is pick up the phone and call mayorkas and say, hey, make sure your secret service guys give him the full come maine mayorkas should have done this. stuart: got it. i'm going to change the subject, congressman. according to the state department, trade with iran increased by 43% last year. why has trade with iran gone up so much when they're causing so much trouble in the mideast? have you got an answer for that? >> well, stuart, let's call, let's get joe biden and kamala harris on the phone and figure out what the heck they're doing, because it's ridiculous. you know what? when president trump actually enforced the sanctions that were on iran, their oil experts -- exports were about $7.9 billion a couple years ago a, and then joe biden -- sorry, the biden-harris administration, because she wants us to forget about the hyphen and the harris, think didn't do anything, and iran was making $4222 billion -- 42 billion annually. and, stuart, you can cause a lot
9:23 am
of murder and mayhem with an extra $35 billion. stuart: nothing's going to change until there's a change of administration, right? >> amen. you've got to fire kamala, and you've got to hire donald trump. stuart: okay. it's election season, of course. congressman pat fallon, thanks for join us. [laughter] okay, i got it. congressman pat fallon, thank you very much, indeed, sir. all right, better check those futures, please, because i still see a ton of green. dow up 130, nasdaq up 130. s&p up 23 points. yeah, 23 points, how about that? the opening bell is next, and we're going to take you to wall street for it. ♪ ♪ welcome to to new york ♪
9:24 am
(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 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.
9:25 am
9:26 am
everybody wants super straight, super white teeth. 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.
9:27 am
stuart: the markets still show green with, what, three and a half minutes to go until the opening bell. fed rates are are starting to come down, e we believe tomorrow, inflation is cooling, profits are still strong. because this mean that this rally -- and it is a rally -- does it continue? >> well, it can continue, but here's what we're facing right now. so this whole year since we've been expecting rate cuts since
9:28 am
march and they haven't happened, but market stillalled --al rallied for a short period of time. the issue is whether the economy is slowing with the jobs reports, the downward revisions of jobs that we saw in august come n. there's a lot of concern coming in about that and whether the fed is going to be cutting rates quick enough -- stuart: wait a minute, i don't see any concern. okay, the jobs numbers were imply being a rather weak economy. where's the concern when the dow hit an all-time record high yesterday and the nasdaq and s&p are both up? >> yeah. the market's been slightly divorced from the macro side. when i speak to some of the fund managers, the worry is, you know, are we expecting rate cuts tomorrow? yes, there's high hopes for that. but whether it's 5 the basis points or 50 basis points -- stuart: does it matter? >> it's not going to be enough to the shake up the economy. debt is still going toe are main
9:29 am
expense -- to remain expensive for companies and the manufacturing sector, for example. it needs to borrow on debt in order to keep going because there's large equipment there and all of that things, so debt still needs to come down. credit needs to come down a bit more. so what the market's really going to be looking at tomorrow in terms of long-term trajectory is, you know, what is jerome powell's tone going to be? is he concerned about the job market? is he concerned about some weakening potentially in the economy, or does he still have a bit of a hawkish tone moving forward. and i think based on how he's going to speak on the jobs report there and whether he's soft on inflation since we are close to 20% -- 2 now, that's what the market's going to be looking at, is sort of the tone in order to to sort of gauge the long-term effect. stuart: okay. let's change the subject for a second. a lot of people i talk to are very worried about a harris administration because she could raise the capital gains tax. know some people, just some, who are selling now to lock in the if old, lower capital gains tax.
9:30 am
is that a concern to you? >> well, based on the conversations i've beening having from, with many money managers, yes. there are a lot of very nervous investors right now that are very jittery regarding any of the tax implications that could come from a harris administration, largely capital gains tax on those that are make over 0400,000. the 1031 exchange credit that the you can get, that's when you sell an investment property and you can buy another investment property and you can defer the capital gains, there's fears that potentially that could go away or be capped at a certain amount, and also the inheritance. there's a step-up basis -- stuart: yeah. do you know people who are selling now? i to do. >> yeah. stuart, money managers are trying to, like, calm investors down from doing it because the issue is harris would have to get even if she took washington next year, she would have to get a majority in the senate to pass any of those bills anyway, and they don't think that's a
9:31 am
possibility right now. so that might be a little bit of good news. stuart: the market is now opening, concern -- open, and it is heading higher. fairly even split, the dow has opened with a gain of about ooh points -- 50 points. we've opened up, and we're up 55 points. s&p 500 also pointing to the a higher gain but not that much. you're up about one-third of 11%, 20 the points -- 1%. 20 the points up on the s&p. the nasdaq up two-thirds of 11%, 116 points. there's a lot of strength in one stock. i'll show you big tech, we always do at this time. microsoft, amazon, alphabet, meta all a up but apple down again. zero in, please, on microsoft. [laughter] just look at it go. don't you love it? if up 7 points. this is about a big share buyback, is it not, taylor riggs treat? it's like they did it for you, stu. happy tuesday. yes, a $60 billion share buyback and a 10% increase in the
9:32 am
dividend, up to 83 cents a share. in the last report they said cap-x had grown. 8% -- 78, but there is pressure to show shareholders can reap the rewards of that, so they want to also give you back money to show, look, our investment in a.i. is worth it, and we are rewarding you. stuart: got it. show me oracle, please. it's been doing very well recently. i believe it's on the back of its a.i. investments. but larry ellison is warning about a.i. what's he worried about? >> that it's going to be watching your every move. he effectively said the police force is boeing to be starting to use this and it'll be so easy to track everyone. think about when you're walking down the street, all the cameras out there that can cap -- capture you, your face recognition. he says maybe people will be on better behavior if they know a.i. is watching them. stuart: you're on about 100 camera shots every hour in
9:33 am
london, i can tell you. intel is a little higher again this morning, up 3%, 21167. they've got -- 2167. -- 21.67. they've got a custom chip. that's what's working, isn't it? >> they do. amazon web services, investors are cheerleading that deal. yesterday they also announced that they qualified for a big deal with the pentagon as well. i also think though, stu, more importantly, intel is also making that poundly business a wholly-owned subsidiary -- foundry. the sum of the parts is worth more than the whole. so they can start to break out, and they haven't said they want to break it out, but it'sst the easier to value this if they eventually wanted doing -- to spin it off. stuart: it's about time i bought intel. it was a giant when i was a youngster -- >> i know. they need to turn it around. pat gelsinger has to show that it's working. stuart: dow, 41,764, that is a
9:34 am
new intraday high for the dow industrials. stay on amazon, please. st it's up 2 this morning. -- 2%. employees have to return to the office five days a week, so says management. are they meeting any resistance to that? lauren: a little quiet quitting, right? if susan. stuart: i can see some resistance. >> they start five bays -- five days a week next week. once the labor market starts to slow down, who has the leverage? amazon. all the employees had the lev language -- leverage up until now. now that the labor market and hiring and job openings are starting to slow, amazon says of you have to come in five days a week, and the employee says i actually might do that because i don't know if i can get a job with your competitor down the street. we'll see. hawrt. stuart: i wonder how many major employers will lay the law down? >> like you, five days a week. [laughter]
9:35 am
stuart: i've got to be in the studio. show me palantir, please, doing well today the, up nearly 1%. somebody likes them, right? >> bank of america. adding it the their number one list. saying, look, they were added to the s&p 500, it comes off of comments last year from alex carb, the -- karp, the ceo, saying they've legitimate maized the company, this is the real deal. stuart: tell the me about cathie wood and her fund. i believe she's made some changes. what did she buy? >> the best thing people love about cathy the wood is every day she lists the trades she buys and sells. buying shopify and reddit, selling roblox and roku. buying reddit, it's that cool new social media platform. selling with the roblox, the gaming industry's been under pressure. maybe making some strategic moves. stuart: a long item time starbucks executive is retirein. who is it and why should i care, and does it make any difference to the company? >> michael conway, the former
9:36 am
north america ceo, but he's retiring at the end of november because he said now that brian nichol is running the ship, he has full confidence in him. this allows brian nichol to bring in his own guys. they're also not filling the role. they want to do instead a global branding about how to brand the starbucks products, so this is showing a shift that we're not filling a the role, we're going in a new direction maybe with my own people -- stuart: it's a wholesale shift in top management at starbucks. will that work? only time will tell the or, etc., etc. check that big board, we're up 116, i think it is, on the dowvilles. well over a tweeter of -- quarter of 1%. 411,70 -- 411,700, new high intraday. dow winners headed by intel, up 2. microsoft up 1.7%, $7. amazon is up 1.6%.
9:37 am
boeing's back there, up 1%. caterpillar up 40 cents, that's it. s&p winners, hewlett-packard a, steel dynamics, united airlines, airbnb, delta. and nasdaq composite headed by airbnb, 2.5%. tesla is up 32.2%. moderna, intel -- 2.2. global touchdownlies inc. some winners there. the 10-year treasury yield has been moving up recently. you're back above 3.60, 3.62%. gold, real close to its its all-time high, $2,602 an ounce. bitcoin this morning is at 59 and change. oil, $70 a barrel last time we checked. math gas well above $2, you're at $2.41 actually, creeping higher. the average price for a gallon of regular, $if.20. -- 3.20, and in california, it is the $4.78. coming up, is an msnbc analyst blaming trump for the attack on him? roll it.
9:38 am
>> the former president has another opportunity, of after surviving yet another assassination attempt, to show the country a better way forward, to lower the rhetoric, to lower the tone. stuart: oh, hold on a minute. isn't that blaming the victim? bret baier joins us in the 10:00 hour. kamala harris called out over her seemingly scripted interview answers. roll it. >> what you going to do for the economy? if oh, well, i was raised in a middle class -- man, we didn't ask you that. >> there's no need for you to be that on script in a conversation. stuart: okay. look, the real question ask, what do voters think of her neat9ly-crafted responses? jimmy failla will respond to that. everyone anticipating fed rate cuts tomorrow. what will that do for the economy? we knead an economist. we've got one. economist john lonski is next. ♪ -- there was a freedom i had never known before ♪
9:39 am
tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back"
9:40 am
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. power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your family's comfort and safety.
9:41 am
when the power goes out, you have no lights, no refrigeration, no heating or air conditioning. the winds are not letting up at all here. we're going to see some power outages. number one thing to prepare for is extended power outages. are you prepared? you can be with a generac home standby generator. when a power outage occurs, your generac home standby generator automatically powers up, using your home's existing natural gas or propane, so your life goes on without disruption. you and your family are comfortable, safe, and secure. stay tuned, to get over a $500 value free on the most popular home standby generator in the world. with the generac, we don't have to worry about whether we lose power or not. if the utility company does not come through, our generac does. having a generac takes a lot of the anxiety out of, there's going to be a storm. after the hurricane happened, we just want to be prepared for anything. generac generators are designed, engineered
9:42 am
and built in the usa. 8 out of 10 home generators are generac, and have thousands of satisfied customers. how many times have you heard people say, i never want to go through that again? well, the next time you go through it, don't make it so hard on yourself. have a generac home standby generator. call or go online now to request your free quote with one of generac's nationwide dealers. special financing and low monthly payment options are available, and if you call now, you will also receive a free 5 year warranty valued at over $500. the call is free, the quote is free, and there's no obligation to buy. call or go online now, so the next time there's a power outage, your home powers up. power your life with generac. call or go online to request your free quote today.
9:43 am
stuart: 12 the minutes into the tuesday trading session, we're holding on to a pretty solid gain for the nasdaq, up 126 points, cow up 900 -- dow up 990. 90. three senate democrats want a 75 basis point cut. edward lawrence joins me. hold on a second, i bet it is the socialists who want this, isn't it? [laughter] >> reporter: however you want to label them, three very liberal senators in the senate. they are calling for the federal reserve to make a 75 basis point cut. these three senators sent a letter to fed chairman jay powell,s elizabeth warren, john hickenlooper and sheldon whitehouse. in the letter say, in fact, it may be too late, your delays is have threatened the economy and left the fed behind the curve.
9:44 am
the pressure meant to push the fed into a deeper cut making it cheaper the pay more interest on more debt, so it also could boost the economy right before the election and threaten to restart inflation. >> if they want to ensure that they have enough ammunition to in the future potentially cut, have a larger cut, they really do, in my opinion, need to start off at 25 the basis points news -- now because there's no evidence that there's significant weakness in the economy at the moment. >> reporter: so market watchers say that a deeper cut could spook the markets into thinking the economy is weaker than it is. now, at last month's jackson hole symposium, susan collins, echoed what i heard from just about every fed member. >> i think a gradual, methodical pace once we are in a different policy stance is likely to be appropriate. >> reporter: so that signals a
9:45 am
25 the basis point cut, but the market at 67% believes it's 50. we'll get that tomorrow at 2 p.m. eastern. stuart: yes, we will. and a reminder, please, tomorrow tomorrow the fox business will cover the highly anticipated decision day 1 until 4 p.m. eastern, no commercial breaks. all right, we received retail sales figures this morning, and now we've got more data. new day it is a -- data, in fact, on which cities had the highest rate of shoplifting. the -- tell me. lauren: not the cities you would expect. not san francisco. san francisco, new york city, chicagoing, 23 cities were looked at, chattanooga, tennessee the, is number one. stuart: really? >> about 90 incidents of shoplifting per 100,000 people. fayetteville, north carolina. 83 incidents. omaha, nebraska, and nashville is. i think the key word is reported you might see people in these, i think, nice, quite a bit
9:46 am
southern cities report shoplifting more because hay care about it more. they actuals have less people than -- hay also have less people than the big cities. shoplifting in the first six months of this year is up 24% from the first sick months of last year, so it's bad and it's the up everywhere. stuart: i do have to tell you -- lauren: did you witness a crime? did you steal something by accident? stuart: no. leave me alone. this is my report. no, nothing's locked up. lauren: oh. stuart: go -- you go to the convenience store, you can buy toothpaste across the counter. charlie hurt still with me. >> i love that you're just mesmerized by this. you can't believe the toothpaste isn't locked up. this is where we are today to. stuart: i'm used to living in new york and in the united states, you know in different. >> they lock up the spam here in new york. [laughter] stuart: i'm going to get serious here for a second.
9:47 am
nobody shoplifts spam. >> they do, it's amazing. i promise you, it's locked up here because -- lauren: stop it. >> no, it really is. stuart: everything's locked up. let's get serious. the second assassination attempt, okay, is there any impact on the vote from this? >> i think in a weird way it actually ends up hurting donald trump simply because you wind up talking about this instead of the issues that are important to the race. and i think that,s you know, for donald trump to win with it has to be about the economy, it has to be about the open border, and it has to be about wars abroad. all these things have gotten worse under the harris-biden administration. and if we're talking about this instead of those things, i don't think that helps donald trump. stuart: i think it actually helped kamala harris. she gave that interview on friday. it was a bland interview, to say the very least -- >> very kind. stuart: generous, i this i. and then the -- i think. and then the attempted assassination if bailed her out
9:48 am
because all the attention focused on that. >> i agree completely. i think that, you know, just like in 2016 donald trump won on the issues. if he's going to win this time, he's going to win on the issues. people are hurting, and you have a lot of people in washington who ignore it and pretend it's not happening, but it is. stuart: got it. charlie, thank you. coming up, hating donald trump has been a factor in american politics since he first came down the golden escalator to start his presidential campaign back in 2015. now, after two assassination attempts, it's time to question what role trump hatred the place. that is my take at the top of the hour. former president trump embracing crypto, announcing his platform world liberty financial. he wants to turn the u.s. into the crypto capital of the world. a report on that coming up next. ♪ ♪
9:49 am
[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. better questions. better outcomes. t. rowe price so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track.
9:50 am
when you're planning for it all... the answer is j.p. morgan wealth management. ♪ (girl) wooo! ♪ ♪ there are many ways to do things. at old dominion freight line, we do them this way. this way has people who start early. people who care and inspire each other to do things the way they should be done. this way uses technology (♪) and goes the extra mile (♪) to deliver your promises on-time, every time. this way is why we're the number one national ltl carrier for quality. for us, this way is the right way which is why it's the only way we go. pods biggest sale of the summer is ending. save up to 25% on moving and storage until september 23 and see why pods has been trusted with over 6 million moves.
9:51 am
but don't wait, use promo code big25 to save. visit pods.com today.
9:52 am
♪ stuart: trump has unveiled his new crypto platform, and it's called world liberty financial. kelly o'grady's been following
9:53 am
this. ing what can you tell me about it? >> so the driving force behind this, i would characterize it as getting access to capital for people who have been locked out of the system. for example, enabling people who might have bad credit or no credit to get a loan to participate in wealth creation. while the trump family won't run the platform, they are plague a major role. the former president as well as his three sons will likely hold positions in the company. control appears to lie9 with the with crypto experts on the project and users. it announced it will sell tokens to accredited investors. they will allow holders to vote on the company's future. now, we didn't get too many operational details, but we do know the crypto platform will leverage decentralized finance. what that means is users can transact directly with each other without the middleman of a bank, and everything is going to occur on the block chaib. that's, essentially, a public digital ledger. former president trump also touched on the crypto space why
9:54 am
it's changed so dramatically and emphasized the need to to e do part from biden-harris policies. listen. >> i think they're very has toil toward -- hostile toward crypto, and extremely hostile. nobody understands why. my attitude is different. if we done do it, china's going to do it. china's doing it anyway -- >> they are. >> we have to be the biggest and the best. >> we don't have a launch date for the platte tomorrow -- platform, but the reaction's been mixed. some think it could hurt the bipartisan push we've seen in the space. others, though, apply the finisl freedom. one in five americans own crypto. stuart: kelly, thank you very muched. charlie, is this a good move for trump? just talk politically here. >> yeah. well, it's a reminder that he's been in the business with world his whole life. he understands businesses, the economy and also understands geopolitics, and the idea -- and
9:55 am
he's right about this. if, you know, the united states doesn't embrace with this, you're going to wind up with china involved in it. stuart: does it get the youth vote? we just heard one in five americans -- youngsters. >> i would say he's been the most pro-bitcoin president we've ever had. you know, you get some problems because suddenly his family is a competitor in the field. but i think without a doubt it shows that he the does understand, understands the value of bitcoin. stuart: i just wonder how it'll come across if he starts making money out of this crypto -- lauren: he already owns a million dollars in clip to currency, donald trump himself. and his sons are running this venture. barron, his youngest son, think gen-z, that's the population, the younger voter if you're look at this in political terms, that he's targeting, i think, with this because he's speaking their language. stuart: so you think it's a plus? lauren: i think it's a plus,
9:56 am
yeah. stuart: charlie, thanks for joining us for the hour. you were just great. >> thank you. [laughter] stuart: you might come back. check those markets please. dow's up 70, nasdaq's up 94. the gains had been larger earlier, but we've still got green. the themsters' -- teamsters' president has not endorsed kamala harris even after their meeting. brian kill heed on -- kill immediate on the approximate governor designating the -- as a foreign terror terror toist organization. jimmy failla will respond to kamala harris' scripted interview answers. many questions remain after the second assassination attempt. florida congressman cory mills on those questions. the 10:00 hour is next. muck. ♪
9:57 am
.. maya knows how quality care can bring out a smile. but it's been a few dog years since she was able to enjoy a smile of her own. good thing aspen dental offers affordable, complete care all in one place. and new patients without insurance get $29 exams and x-rays. plus 20% off treatment plans for everyone. loving our patients unconditionally. it's one more way aspen dental is in your corner.
9:58 am
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. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. it's payback time. all these years, you've worked hard. you fixed it. you looked after it. 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.
9:59 am
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, 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.
10:00 am
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.

37 Views

info Stream Only

Uploaded by TV Archive on