tv Varney Company FOX Business September 17, 2024 10:00am-11:00am EDT
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stuart: hello from adele. not sure of the significance of it. 10:00 eastern's to rate to the money. the green is holding but only just. dow up 40, nasdaq 17, the nasdaq solid, one hundred 11 points, the 10 year treasury yield moving up 360, you moved up to 364. not always good news for stocks, the price of oil $70.90 moving up a little and bitcoin, 58,900 as we speak. the latest read on homebuilder sentiment. lauren: up two points in september from august, first increase in six months, builders are feeling better because rates are moving lower, builders would feel even better
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if their cost went down more. our costs are coming down. at least not yet. stuart: hating donald trump has been a factor in american politics since he first came down the golden escalator to start his residential campaign in 2015. they couldn't stand a tough talking business guy who beat the purely political hillary clinton. after two assassination attempt it is time to question what role trump hatred played. trump is contentious, he is no shrinking violet and there are calls for him to tone it down but isn't that blaming the victim? why should trump's freedom of speech be limited? it should not be limited but that hasn't stopped hillary clinton from calling him dangerous. the day after the latest assassination attempt she said, quote, we can't let this dangerous man another chance to do harm to our country in the
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world. she's referring to the vote in november but there are plenty of unstable people who don't see it that way. stopping a dangerous man is provocative statement from someone who has never gotten over her loss 8 years ago. attention is focused on the protection trump should receive. no matter what it costs or what secret service uses everything must be done to stop any future attempt on his life including toning down trump hatred. jason chaffetz with me now. is the anti-trump rhetoric to blame for this? >> i think it is. the tone of the country is wrong. i think if you look at the russia russia russia and hillary clinton and the comments you are going to destroy democracy, comparisons to hitler, it does have an effect. on the other side what i think donald trump should do is be more like clint eastwood, just
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take it and say here is what i am going to do for the country and improve your lives and provide safety and security for you and your family. no matter what the question or of a topic whether it is taylor swift or anything else, just talk to america about what you want to do to the country, for the country like you did the previous four years. if you stay on message he will win this election in a big way. stuart: do you think the democrats or the media will tone down trump hatred? >> democrats can't and won't talk about policy. there policies failed, it's a distraction by them. they want to make this a referendum on donald trump, donald trump should talk about i'm going to improve your lives, what the future should look like. any day the democrats can talk about anything other than that is a good day for democrats. that's what the republicans have to avoid at all costs.
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stuart: listen to what donald trump said about initiatives. >> affirmative-action, diversity, equity and inclusion under attack. books are being banned. history is being erased. hbc received bomb threats and right now lies in hate are being spread about haitian americans in ohio. it is wrong to. it is simply wrong. it must stop. there are those who want a country for some of us, not for all of us. stuart: the president and harris are defending diversity, equity and inclusion, they are defending dei. is that a vote winning program? >> no. that is there initiatives. that is our goal.
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homeland security, one of the top plans in their strategic plan is diversity, equity, and in collusion, it is creating more safety and security, it's about dei. haitian americans, the people they imported are not haitian americans, they are haitians, the distraction they put on this is inaccurate. there is a difference in this election. it's if the choice election between donald trump and what he wants to do to protect america, we can embrace legal immigration but to embrace the idea that illegal immigration is okay, we import it like 500,000 people from these countries and have a wide open border, that is a choice america has to make and i don't
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think america is where president biden says it is. stuart: i wonder if we will get any solid word on kamala harris's policy, live streaming with oprah winfrey later this week. i question whether we will ever get to policy. last word to you. >> that's the key. it's not enough to be right in an election. you've got to make the case. you've got to stay on message. it's tough. stuart: less then 50 days to go. see you again soon. back to the markets on tuesday morning. fed day tomorrow, we expect rate cuts tomorrow. fed decision day, rates are coming down. inflation is moderating, profits are strong. why should i care about a 50 basis point rate cut? >> you should care at the beginning of august when the market hit a low and came back
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almost completely because the stock market is priced in where the fed will cut 25 basis points, the actual cut on wednesday doesn't matter, the bond market yields have gone down, stock market is happy. growing earnings and bond yields and interest rates below peaks as perfect set up for stocks, going forward, the economy and earnings take stocks higher but the market is priced in what the fed is going to do. stuart: i raise this issue with market guests, kamala harris if she wins proposes a higher capital gains tax. some people actually selling now because they want 20% capital gains, is that a smart move? >> for those people what they are doing is specific to them. they need cash or whatever but if you look at the magnitude of the capital gains tax and how much your after tax gains will
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be affected there will be a few percentage points so investors pay a lower price to own stocks and the markets get hit on this basis by a few of percentage. you probably don't get a blue wave which means the full extent of the policy is not going to go through. there will be a compromise so the market impact on the capital gains tax isn't that bad. there are other factors like earnings and the economy and interest rates are important so if you are in the market and in for a longer-term time horizon i wouldn't worry about this. we one we like your stock picks and your big pick this week is america. explain. >> it is trading 12 because stock is taking up in the last few days. it stumbled, $10 billion annually. that the near-term. if it corrects things will get better. over the long term trading at a very cheap multiple compared to
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a lot of things, 21 pipeline drugs that haven't been approved that they are moving through the trial process. the company don't say this unless it is true, the majority of those drug candidates could be, quote, blockbuster drugs, talking about potential upside to earnings over the long-term double digit so once mark gets through this period with another drug peeking in the next few years has new candidates. stuart: $118 a share. where does it go? >> you are looking at over 200. stuart: i will take it. thanks for joining us. watching you on barron's roundtable on this network friday, 7:00 pm on fox business. the highly anticipated decision day a commercial free.
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hewlett-packard enterprises up 5%. lauren: they like them for several reasons from cost-cutting to cyclical recovery, artificial intelligence which actually motivated the deal for juniper networks. stuart: you've got to tell me about airbnb. going way up 5%. lauren: it is an interesting story. bernstein research cut their price target to one hundred 55 so you're above where we are now. shares are up because even though they cut the price target their commentary is great, they see opportunity for this company because demand for lodging outpaces the supply of hotel so people are looking for places to stay. stuart: tell iraq was big in the pandemic.
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lauren: they got a $10 price target, there's money in mental health. it bought better help which does online counseling. if you look at web traffic, to get mental health counseling it increased by 4% in july and august after declining every month for an entire year, better help for mental services increase double digits this summer. stuart: thank you. the acting secret service director said trump was not supposed to be at his golf course. it was off the record. how today suspected gunmen know that trump was going to be there. trump is blaming biden and harris rhetoric for the second assassination attempt. he says democrats are fueling of a threat against him. richardson has the report at the white house next. ♪
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stuart: the market is showing green. the dow is moving up 179 deck again. it is pretty solid. most of them are higher. and they are up 438. nvidia is 117. apple is down $0.56 lower. donald trump blaming democrat rhetoric for the second assassination attempt. what did trump say a? >> reporter: he's is blaming democrat saying he's risking his life after what he assange. after the assassination attempt
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president biden and kamala harris condemn political violence and donald trump saying we've got to*political violence of its oxygen. >> let me say this, there is no, i mean this from the bottom of my heart, no place for political violence in america, none, 0, never. >> reporter: trump's campaign highlighted quotes from harris, biden and other elected democrats calling trump a threat to democracy and america's freedom. hillary clinton reportedly called the assassination attempt a terrible thing and said trump and his demagoguery are a danger to our country and the world. trump allies say the language is too toxic. >> i don't think he's wrong. he has been subjected set, skewered over the last 8 years being compared to nazis and hitler and fascist, racist, all these things whereas it is
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important for us, we should have a spirited exchange of ideas but attack the ideas, not the person. >> reporter: codex save anyone supercharged violent rhetoric in american politics it is trump. he even accuses his opponents of wanting to destroy the country, calling them a real threat and enemy from within. democratic congressman jamie raskin told fox if harris and tim walz, quote, they do not talk about blood baths, american carnage or returning the will of a lot of the constitutional imprisoning and exacting revenge against their opponents was only one candidate in this race has been impeached in a bipartisan vote for inciting a violent insurrection against our government. with all that, trump did speak the biden yesterday. trump said biden called to check on him, make sure he was okay and they had a nice conversation. stuart: we will take it, thank you very much indeed. acting secret service director said trump wasn't even supposed to be at the golf course over the weekend. watch this. >> yesterday was an off the record movements. off the record.
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he wasn't supposed to go there. it wasn't on his official schedule. we put together a security plan and the security plan work to. stuart: a former fbi special agent joins me now. if it was off the record movement, how did the suspect no trump's location? >> that's the question we need answered. i would like to know from the acting director and his machismo act he has going on, what he did differently than the director he replaced because somehow this individual, this assassin, found out where trump was going to be answered on the perimeter in the most vulnerable area for the next 12 hours, from the morning at 1:30 in the morning until trump got there, the
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field of fire, how does the director believe that was a success. it was a success for the one officer, the one agent that saw a rifle sticking through the bushes but that was a failure to stop somebody who was sitting there for 12 hours. stuart: the new york times reports trump himself plans to keep campaigning as scheduled despite the assassination attempt. today he will be in michigan before traveling to new york. should trump change the way he campaigns? >> so far the way he campaigns has not been the problem. it has been the secret service, how they do their work. we saw in pennsylvania where they did not do a proper threat assessment, extend the perimeter past one of the few buildings that was there and secure that area. it doesn't cost anything to do that. they just didn't do it and the
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created a fatal funnel because of that. you can look at that and say that was just incompetence but now we have the same thing occur again, and these attackers take advantage of that. i have to sit back and ask is this a various thing going on with the secret service, leaving these areas open? if that's the case, i think trump needs to take a serious step back and hire individuals like myself and other people i can bring in to do perimeter checks and he can campaign as normal. i would be sweating bullets every time i go up there because i might say this on the air. i said earlier on the radio, the democratic party regardless of the rhetoric they want, they want trump dead. those are people -- stuart: i am sorry. i don't think you can say that legitimately. >> i say it legitimately. i think we can say that
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legitimately based on the verbiage they use and they cover up. to say they want him eliminated, they want him gone, these are words that push people forward and you have directors of agencies like this that come on and they do not do the job, the simple job of perimeter security over and over. stuart: i'm going to end it right there. i'm not going to take any conspiracy theories on this show. i'm not having it. >> i'm an investigator. stuart: appreciate it, thank you very much. governor ron desantis has launched an investigation into the assassination attempt. what is he saying? ashley: florida's governor says americans are skeptical of the justice department and that is why he wants to conduct an independent investigation. listen to this. >> clearly there were multiple violations of florida law. we also have an interest in
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vindicating the truth about where this guy came from, what his motivations were. i don't think it is in the best interests of the country to say agencies like the fbi and the doj were trying to prosecute trump in south florida, they are on appeal that the 11th circuit trying to reinstate an indictment that had been in -- they are the best or turnaround and give us the truth about this defendant but also prosecute the case. ashley: desantis says the state attorney general's officer local law enforcement will launch the probe which will run parallel, and during a news conference this morning, they have increased security at trump's golf course and there's just as much the curie is there was when trump was in office. it is nailed down shut basically. stuart: thank you very much.
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coming up, some apple air pods can be used as low-cost hearing aids. is this a realistic alternative to traditional hearing aids? doctor siegel joins us on that. 45,000 dockworkers from maine to texas expected go on strike next month. even a short stoppage could greater heavy backlog ahead of the holiday season. ♪ ♪ (husband) we just want to have enough money for retirement. (wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, goals and needs, allowing us to tailor your portfolio.
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stuart: on the markets this morning the move up, the dow is up 175 points 0.4% and the nasdaq is up 0.8%, one hundred 52 points higher. i'm interested in boeing. let's rebound here. lauren: the halt of jet production, boeing and the union will meet with federal mediators, they are not expected to iron out a new deal but set rules for future talks, stocks up 2%. hope is there they are losing
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one hundred million dollars a day. that's what they did 16 million years ago when they had a strike of this size. now it is happening at a time the airline can't afford it. stuart: that is off the bottom for boeing. united, american, and delta, all three of them higher. lauren: about 4%, southwest and jetblue, bank of america says take another look at the airlines, they include higher demand, lower capacity which is good for airfare for them. and lower jet fuel prices. stuart: my flight on an american carrier was delayed seven hours from london to new york. . to did they put you on a plane and take you off? stuart: i'm not complaining. nova noris. lauren: getting ready for bernie sanders. this senator is speaking with experts today on the outrageously high cost of diabetes and weight loss drugs. ahead of the hearing with the
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ceo today, he's getting ready to grill the ceo. stuart: starting next month. lauren: back from the uk. i thought you would have more to say. stuart: i could expound but my head is exploding. 45,000 dockworkers from maine to texas are set to strike. i know it is early but could this affect holiday shopping? >> reporter: yes and that is the big concern. a strike would stop operations at container ports from maine through texas and the national retail federation's warning retailers could miss out on their holiday shipments. maybe good news out of this is some retailers have learned hard lessons during the pandemic and supply-chain then been seeing the possibility of a strike in the offing and they've been rushing to place holiday orders early and you see that reflected in import
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volume, 21% higher in july of this years than it was a year earlier. >> a significant pool forward of volumes. peak season usually starts in june or july, and we saw a peak in august which was a near record. >> reporter: despite preparation by retailers consumers can take a hit in terms of the cost. shipments being diverted to the west coast making transport time longer. if the strike does happen you can count on it. more delays, container prices will go up. some shipping experts, a strike will be diverted. talks have broken down and no new negotiations are scheduled and one major sticking point, wages. the maritime alliance is
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offering to the longshoremen, that is understood to be higher what was in their contract negotiation from last year. the union suggests that's not enough. the longshoremen are demanding a 77% increase in the union says this. members are struggling to pay mortgage, rent, groceries, utility bills, taxes and their children's education, us maritime association corporate greed has made them delusional, profits over people. meantime the maritime alliance says we remain committed to the bargaining process and need longshoremen to return to the table. a strike is quickly becoming more of a reality. we are not two weeks off and if the strike does happen you can expect major economic consequences just as inflation is now slowing. stuart: thanks very much.
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apple just received fda approval for its sleep apnea detection on newer apple watch devices a few days after we told you about apple's new hearing aid software. doctor marc siegel is with us. are these devices reliable? do you use them for diagnostic purposes? >> when you were on the other side of the pond with that inferior healthcare system i was talking about apple and hearing aids and saying it's not ready for prime time because you need hearing experts. ear, nose, and throat physicians to be weighing in on a person by person basis. when it comes to sleep apnea, i am more for it because it is monitoring your breathing during sleep to see if you have shallow breathing, deeper breathing, that might alert you
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as a patient to see an expert, not to treat yourself but to see an expert. one thing that is lacking is it doesn't measure oxygen levels because they haven't been given fda approval. that's usually important. that is what we look for on sleep studies. i would say stick with sleep studies. make no mistake, this is the wave of the future. outside the uk, you and i are using these things in years to come. stuart: i can see it coming. we've got a new poll, 37% of people who have gotten covid or flu vaccines in the past, 37% plan to skip their shots this season. one doctor is blaming covid fatigue.
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i think this is serious because vaccine fatigue could spread to more serious illnesses and conditions like smallpox and polio. you don't want to see vaccination rates for them go down, do you? >> no. i'm hugely worried about this because of the diseases you mentioned. we have a yearly debate about the flu shot but the flu shot is usually given to half of people it is down by 10% at a time we had a pretty serious flu season last year and are planning on having a bad one this year with 400,000 people hospitalized and the flu shot cuts down on hospitalizations by 100,000. when it comes to the covid shot, the people getting hospitalized from covid tend to be the very young or the very old and i asked the top vaccine pediatrician in the country, infectious disease expert, what's the deal with very young children and he says and this is fascinating, it is that they
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haven't had any covid shots whatsoever, the want to get vaccinated. looking at the covid vaccine, the elderly, chronic diseases, immunocompromised and the very young and very old, something we should be thinking about. the lack of compliance is a vaccine issue and the whole thing about vaccines has been politicized. it should be a discussion between you and your doctor. stuart: heaven forbid it cut back on smallpox, polio, that's bad in my opinion. we do not want that. stuart: we will see you soon. thanks very much indeed. talk to you later. back to the campaign trl. trump is back on the campaign trail after the second attempt on his life. he will hold a town hall in flint, michigan before traveling tomorrow to long island, new york. he will go to nassau county,
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there will be a huge crowd. will he have increased security? aishah hasnie reports. a political analyst at msnbc says there is a lot trump could do, like changing his rhetoric to make himself safer. is that blaming the victim? bret baer is next. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities
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>> reporter: i've been to several events in the last couple months and i have been inside and outside the perimeter. it does not feel different from previous events but i can show you the security we are looking at out here. flint has brought out everyone they can find. flint police, sheriffs department, one of the security officials has told me they brought out there elite, they feel honored that they are the first stop on the campaign trail after the second attempt on the former president's life. this town hall, the first time we see the former president in person making remarks about what that experience was like on sunday. we are anticipating he might talk about that later tonight. hosted by arkansas governor sarah huckabee sanders and it comes as he gets back on the campaign trail. he's talking about the events
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of sunday on x last night. >> all of a sudden we heard shots being fired in the air, four or five and it sounded like bullets and we moved along pretty good. i would love to have sunk the last one but we decided not to. >> the town hall focuses on the auto industry, manufacturing jobs in this crucial swing state. harris and trump's running mate are in the state this week, according to the latest power ranking harris still has an edge, not as strong compared to the key battleground states. i was talking to trump's supporters before they went inside and asked how does it feel to be among the first to see the former president since what happened sunday? they are glad he's okay but
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they want to hear from the secret service. at the agency they want to hear from about how security will change in the future. stuart: thank you very much indeed. listen to what an msnbc analyst said about trump's rhetoric following the latest assassination attempt. >> the former president could do a lot to make himself safer, less likely that people would become radicalized it to this point. after the first assassination attempt, donald trump said he would adopt a different tone, try to unite the country, bring people together, lower the temperature and the volume. that lasted a couple days until his speech at his convention. here, the former president has another opportunity after surviving yet another assassination attempt to show the country a better way forward. stuart: should trump adopt a different tone, should he
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change his campaign style? >> good morning. the former president is facing the assassination attempts. it's the former president who is under the security threat, the former president who has to have increased secret service protection. he's blaming democrats. president biden, vice president harris and top democrats for threat to democracy, existential threat saying he can't be the person who stands behind the presidential seal ever again and must be stopped. he has a right to say that. he's been on the back end of a bull's-eye once and almost twice. could everybody tone down the rhetoric? of course. could the former president and his folks say things differently, do things different we, yes. but is this the time to say that the onus is on him? pretty rich. stuart: the day after the
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latest attempt on his life hillary clinton described him as a dangerous man who must be stopped. i can see how some unstable people might take that the wrong way. that's not cutting back rhetoric at all. >> no. we see a lot of examples of this in the hours after this attempted attack. a lot of people see through all of this. bottom line is we are in a precarious spot, other tinderbox. we can see a scenario where something very bad happens and suddenly we are in a different place as a country. stuart: must be fully protected. we can't have that happen. always appreciate it. there will be more varney after this.
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texas governor greg abbott announced a crackdown on this venezuelan gang designating them a foreign terrorist organization. that seems a big step in the future. if you define them as a foreign terrorist bunch what does that do for law enforcement? >> allows you to work in coordination with the federal government or use the federal government to provide intelligence and swat teams to round these up and identify them. we know one person with experience prosecuting transnational gangs. she will be a big how. she is the vice president, she can tap into what she got as attorney general and help governor greg abbott get rid of the worst gangs in the world. do you know one of the reasons i understand there are more illegal immigrants streaming through our borders? the wild gang fights going on
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in mexico, literally killing each other in real time. that's how weak their central government is. this gang is as bad as it gets. we have safe houses where they torture people and torture their families until they get what they went. all hell will break loose if they set up safehouses if they haven't yet in america for sexual exploitation, sex trafficking is what they traffic in. stuart: i will change the headlines for second change the subject. i want you to look at the headline from the editorial board. the gang goes over new york, a corruption probe swirls around mayor adams's association, two fire chiefs accused of taking bribes. new york city is in crisis on a variety of fronts, crime, migrants, bankruptcy, scandals. the city is in crisis. brian: it is one the city, the
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number one city in the country in terms of per capita income. number one tourist destination in the country, the number one country. the mayor, they took his phone a year ago, days from indictment, the commissioner resigned, his brother has been arrest. arrested. the council on saturday resigned because the mayor wouldn't listen when she said you've got to get rid of your friends one of which who had a job with a casino i never told anyone. the other one lied about financial disclosures including home address. the investigation is unearthing this unseemly behavior and the worst is yet to come. i don't see how this mayor survives. this is the third police commissioner in three years, the last one was a superstar, she must've seen something because out of nowhere she said i quit. see you. stuart: just amazing, the city
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is in crisis. a lot to do today, see you again soon. remember migrant influencer who went viral for urging other migrants to squat in empty homes in america, he is officially ordered deported. will he actually go through and get out? lauren: probably not. this is lino moreno from venezuela who brags about crossing the border illegally in 2022 and getting handouts, remember this guy, and influencer, there's a term for that now. homeland security forces, the us immigration judge ordered him to be deported but deportation flights to venezuela have been halted. the wall street journal says the maduro administration stopped accepting flights of migrants in retaliation for economic sections imposed on his country by the united states but there are no direct commercial flights so he is
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here and continues to brag about crimes and handouts and squatting on social media. doesn't return up for any court dates. stuart: florida congressman cory mills on hakeem jeffries demanding supporters stop extreme amaga republicans. is this toning down the rhetoric? former secret service agent said the agency needs more manpower. is that a question of money? mike braun deals with that. jimmy failla on roasting harris for being too on script. that is next. ♪ ♪
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