tv Varney Company FOX Business September 23, 2024 9:00am-10:00am EDT
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avenue where the united nations is is going to be one big gigantic shutdown. maria: it always is causing so much traffic, the international leaders in town. maria: what should we expect from kalama harris is on wednesday? she's talking about investment in investing in aspirations of people. >> is also going to hit hard on how she's going to make the rich pay their fair share, go back to bernie sanders and joe biden's language on income redistribution. , brian deese her economic advisor is a left-wing guy, that is the direction he is pushing her in and a lot of government spending. maria: don't forget the government spending that he wants to pay for all this stuff, great panel, thank you so much will see you tomorrow morning, stu taken away. >> good morning maria, good
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morning, everyone, let here is has an economic plan she's about to tell voters all about her opportunity economy, she is responding to voters that say they don't know what she would do if elected president, the vice president had an excellent weekend for raising money and then some she raised $27 million on sunday alone in new york, but she will skip the al smith charity dinner, the tradition the two leading candidates meet for a good human roast at each other. here is his team said she will spend time campaigning instead. a lot of people asking who is running this country, after the first lady took over a cabinet meeting it was the first cabinet meeting in 11 months and she, not the vice president or president granite, who is in charge, tamara we can president biden who will adjust world leaders at the united nations summit in new york, donald trump looking good in three battleground states, the new york times poll out today, he
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scored well on the economy. however, national polls from nbc and nate silver show harris with a slim lead, this is a very tight race. to the markets, no selloff on wall street, solid week, the dow up 60, nasdaq up 66. bitcoin, $63000 in change, 63.3, treasury yields are rising, the tenure at 376 in the two-year well above 30 to half% it is at 3.60%. oil $70 a barrel, $71 a barrel, gas a little change, galvan of regular averaging 3.20 around the country, diesel no change at 3.57. look at gold with the renewed tension up $5.2651 an ounce, on the show today escalation on the israeli lebanon border, israel leaders to lebanese residents near the border to evacuate for
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their own safety. benjamin netanyahu insisted do whatever it it takes to reach a regulars to their homes and israelis that are been displaced by hezbollah's rockets, it is monday september the 23rd, the first trading day of 2024, "varney & company" is about to begin. ♪ ♪ ♪. here comes the sun what a wonderful way to start a monday morning. a gentle voice, a few more people on the street in midtown manhattan for a monday that is not bad, nobody comes into new york city because the traffic is all over the place, let's get on with it, the hears is going to release new economic policies,
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do we have any idea what the new policies are. >> reuter sexual announced proposals on how she will help americans and businesses build wealth, she's going to make the announcement likely on wednesday in pittsburgh pennsylvania. , six weeks until election day she tried to narrow the gap with trump at the academy she's reaching out to the undecided voters in the swing states and while this is reportedly happening up in savannah she might be targeting the sunbelt that's where trump still has the lead into trying to persuade the undecided voters that her policies work better from them at a point in the election cycle when it's not really about persuasion it's about mobilization, she is announcing more policy. stuart: we don't know the details from this moment. >> a way to build wealth. >> that will be leaked in a positive light. thank you, now this, president biden appeared to forget to introduce india's prime minister during a news conference, watch
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this. >> i want to thank you all for being here, who am i introducing next? , who is next? >> distinguished guests, the prime minister of the republic of india. stuart: that did not look good, charlie hurt with me, biden is on the world stage at the un general assembly, that did not make him look good. >> could you imagine if you're the prime minister injure having to clean up the mess by standing up and raising again and you can introduce me and it's a reminder that we stop the president. so infirmed that he can run for reelection the democrats had to remove him from the ticket but he still the leader of the free world in the sitting president of the united states. stuart: he still at the un general assembly.
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>> supposedly is making general decisions that affect the future of her country. >> using this i'm sure but biden held his first cabinet meeting in 11 months and he turned the meeting over to the first lady, joe biden to lead it. roll tape. >> to enter today jill is going to give a update to the white house initiative to fundamentally change the approach and fund how we approach health services, i would like to turn over to jill for any comments that she has, it is all yours. >> sometimes the white house surprises you. stuart: i got two questions, who is really running the country, secondly why didn't kamala harris share the cabinet meeting if it was so important. >> that's the two most important countries, who knows who's been running the country the past three and half years, as to, here's it makes absolutely no
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sense goes to the heart of her entire campaign, she has all these economic proposals and claim she's getting do things differently but she's been in office with the president was apparently not all there, she's been covering up for it and she's not been doing her job and it rai raises an open question y had she not deployed it a great plan she has dissolved everybody's problems, it is a lie. stuart: she does not want to share a meeting she would be tangled up in biden's favor. >> politically speaking she did not want to get near that thing. she should be in my opinion, she is the vice president. >> you would think with yesteryears of an opportunity to do all the things that she said her going to fix everything, you would seize the opportunity and done some of them. the problem is they have not, it's a disaster on world peace, security and economy which of
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the three things that matter the most for this position and now she says i'm going to come in and fix everything. stuart: not quite kamala harris has accepted an invitation for third debate, what did trump say about that. >> he did not accept her offer to debate him on cnn. >> let's have another debate there's more to talk about, the voters of america deserve to hear, the conversation that i think we should be having on substance, on issue on policies, what is your plan what is my plan, we should have another one before election day. >> trump already had to enter the votes being cast some people already voting for the pick for november. >> advert even to debates and they were good but to do a third one everybody is voting now and it's very late to be doing a third debate, once the election
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starts and it started as a very bad thing to be doing the debate in the middle of the vote counting. this would really be laid into the election. i think it would be a very bad thing and be a bad thing for the country. >> were still debating the debates, i think the debate is always good but this proposal was for cnn, trump said that worked well in june versus biden, he did not think that the moderators would be as fair a second time and also pointing out kamala harris here's turned on the fox debate request, again debating the debates and it doesn't look like there will be a third. >> look at what happened with the following debate, the moderators at abc went hard against donald trump because they felt like the cnn moderators were to fair to him, exactly to your point i think trump is a good point. stuart: fair enough, let's check markets, you always want to know how your money is doing as you start a new week i see green on
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the screen the dow up 60, nasdaq at 57 at this point as strong week last week opening up reasonably well this monday morning, jeff sica. i really want to talk about the housing crisis and how it's affecting the economy in the election in the markets it is a housing crisis, your company owns 3000 apartments, rent is a real problem in this country, how did the politicians get rent down. >> rent is a big problem, when you have the median income that isn't high enough to afford the median price of an apartment especially in these places like pennsylvania where it is 29% medium income is 29% what it is to afford an apartment, what needs to happen like they say with oil weakening the price of oil down, drill baby drill, with the rent it is billed baby bu build. stuart: you cannot just build like that all the regulations
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all over the country, especially california and new york but you cannot build. >> it will take me if i find a piece of dirt that i want to build apartments on it will take me an average of seven years to get the approvals. it requires a tremendous investment before you get into the ground so those apartments never come online, president trump said they were spending upwards of 30% of our budgets on dealing with regulation, if they don't remove regulation you can continue to see a lack of supply. >> the trouble is those regulations are locally imposed, the federal government cannot do much about the zoning restrictions in new jersey or california or new york, they cannot handle the. >> i think what harris has been proposing in terms of rent control if you want to crush the housing market, putting rent control because nobody is going to have myself included nobody
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is going to have any incentive to build if the government is going to tell you what rents the charge because the government isn't involved in the process in the local minister polity and needs to change the whole thought of the government and the federal government over involving themselves scares me. stuart: got it, jeff sica on a monday morning. here's what we have coming up later on the show, stephanie rule does not mind if, here's keeps voters in the dark about her policies. >> kamala harris is not ready for perfect. there are some things that you might not know her answer to. [applause] kamala harris we don't know her answer to anything. stuart: all style no substance, does that work for voters, we will hear from joe concha on that, colorado governor says here is will put politics aside
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to solve the border crisis. mimic i'm confident, here's is somebody that will solve the border issue rather than keep it going for purely political reasons and for dividing us. stuart: she's been in charge of the border for many years, what will she do differently, california congressman darrell eyes that will take on. that is next. ♪ introducing new advil targeted relief. the only topical pain reliever with 4 powerful pain-fighting ingredients that start working on contact to target tough pain at the source. for up to 8 hours of powerful relief. new advil targeted relief. (fisher investments) at fisher investments we may
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wonders. this weekend new york world leaders meet at the united nations, the meeting will include adversaries, iran, china, russia edward lawrence at the white house, we can president will be looking at her and bolted rivals, what do you say. >> experts are saying china and russia feel like the united states is a country in decline, they feel like they have the momentum for president joe biden leaving the white house going for the united nations and the issue is the status on the global stage, we have a new friend that is opening up in israel on the northern border of lebanon and hezbollah, russia trying to invade ukraine in that started under the writing here's a administration, it also dragged on under this administration in addition we see the rise of brics, a group of countries forming an alliance to move away from trading in u.s. dollars we were talking
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about brazil, russia, india, china, south africa, iran, e.g.t in the united emirates. i asked in april united security rise about brics. >> how worried is the president that he's been degraded on the world stage on the leadership. >> if you look at nato we made it larger than ever partnership, country and brics has gone to new heights with an engagement across technology and somebody insecurity and other dimensions, i think if you look at the u.s. role in standing in his relationships across the key regions we feel very good about where we are. >> we can debate where we are, president joe biden is going to talk to the united nations tomorrow in his speech about the leadership of the united states around the globe. stuart: thank you very much. i would've began congressman darrell issa from the state of
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california. i would like to talk about israel do you think this administration has realized hamas will not release the remaining hostages in the cease-fire deal is a bust, they come to the conclusion yet? >> you are asking this president by the know what's going on or what day of the week it is, this is one of the problems of a lack of leadership at the top for almost a year they've ignore the obvious which that these hostages mostly were killed are not being released and this war because of an action by our administration is escalating. stuart: we lost, the calls for cease-fire is not happening and what to give thomas a victory. >> there two types of cease-fire with capitulation and hamas in literally out of business and then cease-fire that allows for essentially reloaded of the weapon. the latter is unacceptable to israel it should be unacceptable
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to the united states. there has to be no more hamas running any part of the palestinian authority or people in the has to be the change for the good of the palestinians and have to be the weapon is for the entire region. >> i want to switch gears and switch subjects i want to talk border you represent a border state let's talk border i want you to listen what colorado's governor jared polis had to say about harris and the border. >> i'm confident kalama harris is a somebody that will solve the border issue rather than keep it going for purely political reasons and dividing us, we need somebody to unite us and that includes securing our border, she had a plan to do that and it was blocked by donald trump and republicans and the democrats should have a huge advantage because republicans have failed time and time again to secure our border. stuart: what? i understand the humor, if elected president do you believe
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harris would do anything different than what she's done the last three and half years. >> i think she would do more, the fact is, the exhilaration of bringing in more illegals, coaching them to common and given them parole and putting them into our welfare system will only accelerate, i served with jared when he was in the house, he is a smart individual, he knows better but is talking the talking points and i recognize everyone of them as coming from the harris campaign. stuart: thank you for being with us, always a pleasure, we will see you soon. charlie hurt with me, with our, do you think harris would do anything differently if she was elected president. >> absolutely not this is perfectly intentional it was intentional from the beginning if they want to solve the problem of the border, donald trump solve the problem at the border and when he left it was a historic low of flow coming across the border in joe biden and kamala harris intentionally and did everything go one of the
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policies that donald trump put in place to create the wide-open border that is brought in millions of illegals. stuart: in many ways they intended to do this, they've done it and those folks are knocking to go back. >> is a fabulous point that's exactly right but i think congressman isa is right they wanted you work because politicians get greedy, just because they succeeded not only means they want to succeed more. stuart: stay there, more for you later, check the futures we have a little bit of green, the dow up 40, nasdaq up about 40-point we will take you to wall street for the opening bell after this. ♪
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you think you're going to get $2000 a share, why do you like them so much. >> for no other reason every time we go with the my bride says i have to keep both hands on the cart and not wander down the aisles, i'm not the only one it's a membership driven model rehab the huge 90, 95% people renewing and they continue to spend which means they don't have the margin pressure other retailers do. stuart: it is a subscription thing, that is the big deal about them. >> are moving into online in their continuing to make a move after i maintain after walmart and amazon, the last mile isn't really quite sought after but the business model works and consumers cannot get enough of it. stuart: why do you think it's gone to a thousand dollars per share is 906 now, when does it hit 1000. >> i think with the next 12, 24 months on outside that's because consumers are facing a strapped
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wallet in the thinking times are tough and they continue to come down market from the namebrand retailer and go where they can make the dollar go farther all across economic spectrum. stuart: show me pollen tear is now at $36 a share, you think it is going to 50, what is so great about pollen tear. >> number one they have it where it works is big data a.i. driven staff is critical military contractor to civilian businesses that cannot brag enough about what they're doing with the software the boot camps are sales strategy, i'm going to run out of fingers, the being added to the s&p 500, that's going to bring the institutions running on top of the interest authority growing. $50 a share, same timeframe 12 - 24 months or quicker. >> quicker, this one is in the next 12. lockheed martin a lot of work going on do you think the caching on that?
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>> they have been for a long time, unfortunately as a military family we feel this one personally, war is unfortunately a growth industry and very literally and figuratively around the world, so this company makes next-generation hypersonic and highly involved intelligent weapon system and good for the war fighter and helps keep america safe. stuart: you have a price target on that? >> not off the top of my head, i'm looking in the neighborhood and reworking it is easily going to be in the 600 range. stuart, pollen tear and lockheed martin from keep fits on a monday morning, thank you for joining us we will check these out. thank you. 15 seconds to go to open the market. burgum open on the upside but not a huge gain by any means, last week was a solid week for stocks across the board, big tech made a nice comeback, but see what happens press the button we are often running, stocks up slightly to start the
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week here is numbers, the dow opening with a 30-point gain, if you look at the dow 30 more green then read on that screen. the s&p 500 also up a very small gain in the opening bell up 2.1%, the nasdaq composite also a small gain a quarter% we will take it, 48.17986 on the bridge of 18000 on the index, big tech, meta, alphabet, amazon up, microsoft, apple down, let's get back to pollen tear and dell, good morning. those two stocks went into the s&p 500 today. >> they had a big run up coming into it so a little bit to the downside but i would not read too much into this, dan ives also upped his price target on palantir to a 50 saying been included in the major index like the s&p 500 ready much legitimizes everything about your business, certainly people are happy that the stocks are
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included, think about the buy side funds, fearing index tracker you have to buy the stocks if your benchmark is s&p 500. stuart: intel is seemed like they were on their last legs but there attracting a lot of investment. >> to investments potentially, apollo came in over the weekend and wants to do a five billion-dollar equity like investment, this was also after reports that qualcomm had discussed differently take over of intel, this shows that intel might have some options but at $20 a share, the ceo of intel has a lot of headwinds ahead of him, how much could investments or potential takeovers help turn the ship around. stuart: we have the iphone succeeded went on sale last week, do we have anything about the sales. >> t-mobile saying they're doing a lot better than the iphone 15 this time last year and saying any talk about week sales is nonsense, he says the pro in the max for $101,200 are selling
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like crazy. stuart: the market does not seem to believe that down to 27, taiwan semi in taxes samsung to build huge giant chip factories. >> the mega factories, they are in the uae, why, the middle east, the uae well-funded venture capital fund wants to fund all of it, i think this is a good location diversify or away from taiwan of china's move in the next five or ten years to take over taiwan you need these chip companies to have headquarters in other regions as well this could be a smart move. stuart: the ceo of the defense and space security business ted colbert is out was he fired. >> people say this is an equivalent to a firing the new ceo kelly ortberg means business
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it wasn't entirely due to the decline of the starfighter which could bring those passengers home from space due to safety concerns but it's also about the defense industry they locked-in fix contracts back in 2020 with inflation higher than expected these are contracts that are losing money they need a full revamp of the business. stuart: but witness back to 151, the next case constellation energy working with microsoft. >> over the week and all the invalids go home and reveal the deal with the big announcement on friday, wells fargo takes it to $300 a share from 250 on constellation, jeffries up to 256 from a 183, analysts really excited that this shows big tech is paying a premium and is so interested and clean energy, i.e. nuclear this is a really big path forward for constellation. stuart: the bottom right-hand corner, that dow at 42165 up 100
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points that the new intraday high for the dow jones industrial average, next case nvidia and ali baba have a partnership, what's it about. >> fully self driving technology, ali baba has a call product power by the chipset nvidia makes they can partner similar to what tesla has with the self driving technology but this is pretty cool with the large language model, if you're driving a fully self driving vehicle in china they will offer recommendation for roots and for information about landmarks if you happen to be driving by and nice one in suggesting certain car lights should be turned on during inclement weather, if you need some assistance they are here to help. stuart: self driving cars, i'm a skeptic i'm a late adopter of new technology. next case ge aerospace ava partnership with microsoft is going to be about a.i. >> always in chatgpt which microsoft has a huge investment
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but this is really cool, ge aerospace has come out in their calling at the wing mate where the help a lot of people ge aerospace to pull up manuals, how to fix certain things, help workers summarize solutions for quality issues so they can type in an answer one of the 52000 workers and ge aerospace, how do i fix this and do this and it'll pull up making the job a little bit faster. stuart: thank you very much indeed. by the way the dow hit an all-time high a little high then where it is now it was up over 100 points well above 42000 new intraday high, let's have a look at the dow winners several intel, mcdonald's chevron, dow inc. doing all well s&p 500 the winners on that constellation energy up 4%, energy, micron, tesla up $7 at 246 on tesla at 3% gain,
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is biden's administration giving up on the cease-fire accommodation, morgan ortagus on that later. trump not interested in another debate is close to the election. >> it's a very bad thing to be greeted debate in the middle of the vote county. this would be late into the election. i think it would be a very bad thing. stuart: is he making the right call, will ask tomi lahren in the 11:00 o'clock hour, the cost of raising children, huge problem for parent, tim walz says harris will fix it. >> many of you know it is expensive when you have children, kamala harris will make it less expensive. does harris have a viable plan, john lonski is here on that, john is next. ♪
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12 minutes into the training session the dow up 60 nasdaq of 21 not much movement but we do have green, trump is going to hold a campaign rally in pennsylvania, aishah hasnie is there, what is the focus of trump speech tonight. >> good morning and has to be inflation in food prices because that's what sitting pennsylvania voters extremely hard, even though this is a red county where i'm standing where the former president is coming indiana county there are great opportunities to connect with voters in the blue biden counties that includes montgomery county north of philadelphia that turned blue in 2020 that the county where they've seen food pantries and
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increase in visitors of up to 60% and they don't have enough food to go around for a physical person that comes their looking for food, this facing a few crisis of sorts in pennsylvania experienced the highest grocery inflation rate in the nation in 2023 that was up 8% year-over-year according to two consumer affairs that is the topic of the day president trump appears focused on reaching voters in person on the trail rather than on the debate stage as you heard before the debate vp harris her turn october debate and he's telling fox news that's a bad idea and he may not need another debate if he can break away in the polls take away the brand-new new york times siena pull it's got a have been feeling good this morning you can see trump is up to - 5 points in the key sun belt states arizona looking really good his running mate jd vance is in north carolina one of the
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important states, trump will be there later on this week remember the trump campaigns sees a path to victory in states like pennsylvania where we are today, north carolina and georgia and all of the three states are going to see visits from the former president in the next couple weeks, a lot of visits from the former president. stuart: thank you very much indeed. tim walz speaks about here's plan to bring down childcare costs. >> she gets it, when the economy is fair and not rigged and not only works better for all of us and actually works better for the guys that are trying to rig it. many of you know it's expensive when you have children. don't we know. for some of you that have little children it doesn't get less expensive as they get older. here's the kamala harris will make it less expensive. stuart: john lonski is with us
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now. how do we bring down the cost of childcare without massive government subsidies. >> if you attempt to bring down the cost of childcare even with massive government subsidies, what you end up doing is increase spending on childcare and and if demand is increasing relative to supply you know what happens to prices the prices of childcare will go higher. a great example for college education tuition. one factor that helped tuition costs or is the fact that the government made it easier for students to get the loans to finance their college education. once they had easy access to government monday we found that colleges could hike tuition they can hire all the additional administrators that they never really needed. stuart: isn't here's proposing a $6000 child tax care credit for new parents.
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>> the first year of the child's life. stuart: $6000. >> more money to spend on childcare if everybody does the same thing simultaneously, common sense tells me that the prices of childcare go higher. $25000 payment for the help of first-time homebuyer, what will they do to home prices is not going to bring them down it's good to go higher. the road to economic hell is paved with good intentions. stuart: harris says she's going to reveal new economic policies this week. >> i'm going to give a speech this week that is really to outline my vision for the academy. if you've heard me talk about i believe and what we can create in terms of opportunity for the making people i've named it opportunity academy which in short form is what we can do more to invest in expiration and ambitions of the american people while addressing the challenges
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that they face whether it be the high price of groceries or the difficulty in being able to acquire homeownership. it's a number of reasons including little habit of housing. >> where is the plan that's what i asked myself i don't see an indication of a plan and she should know by now and so should her advisors, if you want to improve economic opportunity, you want to reduce federal regulation, you want to rain and taxes and perhaps hold back on government spending and let the genius of the american people do the job of creating more attractive employment opportunities. stuart: as an free-market capitalism. you're alright, thank you for joining us. kamala harris had the largest single day fundraising hole since you became the nominee, how much did she bring in. >> $27 million this was on sunday at a fundraiser on wall street.
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it is the most yet, if you look, she is spending she's outspending donald trump 3 - 1 and if you break it down in august, the campaign spent seven and a half million dollars per day this is how they are using their money, more money keeps coming in because former president barack obama held his first solo event for harris on friday he raise $4 million he's taken an outsized prominent r role. stuart: charlie hurt how comes harris is raising more money than trump. >> she would not want for money all the money and interest behind her and bankrolling her campaign, they're desperate for her to win. the problem is the donald trump as on the most extraordinary thing already and he's already shown he can be other candidates with less money. stuart: thank you. coming up the president's authority is fading in my opinion, is the client is becoming more obvious.
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stuart: with one week left until possible strike at the eastern golf coast ports no negotiations have been scheduled lydia hu in new jersey, have ports already began to wind down some of the operation? >> they sure have, they're preparing for the possible strike their processing as much cargo as they can concern remains about the vessels the ships in route to the east coast right now. watch the. >> the ships letter and route will do one of two things they will arrive off the eastern gulf coast and they will increase the
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industries are bracing for the worse, some have diverted containers from the east coast to the west coast incurring the additional cost of trucking transport but that is not feasible for all industries, the consumer brands association which includes members like abbott nutrition, general mills and coca-cola, they say the potential impact to be in the economy is catastrophic they worry about the perishable food items i could go to waste, rhetoric in the midst of all of this is heating up while the employer say that they want to get back to the negotiating table the union issued a statement on friday saying they are preparing for one of the toughest battles the union has faced in decades if we get the strike you could start next monday one week from today at midnight. i'll send it back to you.
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stuart: still ahead israel's latest war objective is restoring its border with evan on insecurity at the border, general jack keane on that, children as young as ten are taking weight loss drugs like ozempic, is not safe, we will ask doctor siegel, morgan ortega caesura of head of the united nations general assembly tomorrow, what do you think about that actress patricia heaton encouraging christians to help fight anti-semitism, she is here with us on the show today, the 10:00 o'clock hour of "varney & company" is next. ♪
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