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tv   Varney Company  FOX Business  September 23, 2024 10:00am-11:00am EDT

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♪ ♪. stuart: fabulous weather today et cetera card for the beach boys, great music, 10:00 o'clock eastern monday september the 23rd look at what your money
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is doing, the dow is down 40 points, the nasdaq up 33 and no clear price trend this morning so far, the ten year treasury that is moving up 3.79% right now, that is not good for the nasdaq composite that tends to react negatively, 7164 of 60 cents, we have bitcoin, 63000 down a little bit, that's the markets this is a tough thing to say, the president's authority is fading, his decline is becoming more obvious, you keep your unit you is running the country, what is the rest of the world thinking of us, biden lost his train of thought and embarrassedly forgot to introduce india's prime minister modi, hours earlier he handed over the first cabinet meeting and 11 months to the first lady
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jill biden ran the meeting and maybe she's running the whole country as well, shouldn't it be kamala harris to step in and prop up our failing president, yes it should be she's keeping a distance she does not want to be entangled with failure, tomorrow the president addresses world leaders at the summit in new york is probably his last major event on the world stage you to be difficult to come out of this looking strong starting with afghanistan biden's foreign policy has been a series of failures, russia, china, north korea, iran have been emboldened our rivals dictate terms to us, the latest failure is escalating fight in the middle east biden and harris are allowed domestic politics to get in the way worried about michigan they called for a cease-fire which would have given hamas a victory, they negotiated with iran and got nothing they urged restraint on israel as it fought for the very existence. it's a weakened american president who looks at world leaders from the un podium
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tomorrow, the worry is that president harris would be no different. second hour of "varney" just getting started. stuart: guy benson with me, why isn't kamala harris stepping in to help the president. >> she doesn't want to be seen with him because she doesn't want to be tied to him because she's pretending she's the change candidate nothing cabinet even though she is so we see the sad and slightly frightening spectacles like over the weekend as you mentioned where the technical president joe biden is supposed to interview or introduce several foreign leaders including the prime minister and he forgets who his supporters to introduce and he asked who's next and then silence and then he gets angry and shouts who is next and then they bring in a voice of god to answer the question like please welcome ladies and gentlemen. kamala harris wants nothing to
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do that but she has a lot to do with the fact that this man's condition which is deteriorated clearly for many, many months was something that the american people, they tried to keep us in the dark about it she was in the top of the enablers who were lying to us about his condition and that is something that she's not been forced to grapple with their answer for because she doesn't have to grapple under grapple with their answer from anything. stuart: moving on a different subject for the first time since august nate silver puts harris ahead of trump 49 - 46, the new nbc poll that has harris ahead of trump nationally by five points, 49 - 44, let's move on to the swing states, donald trump is standing strong, new york times siena poll found trump gaining ground in arizona, georgia and north carolina, that looks to me like a virtual dead heat, what do you say. >> it's hard to reconcile a
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national poll that has her up five and state level in arizona and georgia specifically where he is up for five, states that he lost narrowly last time i don't think both of these can accurately coexist at the same time, one set of numbers is probably right we just don't know which one which is the ride were on for the next couple weeks we can look at some pulling move in very clearly see the path for trump to win again and if you look at other pulling the good-looking pulse for trump and looks like she's ahead in the path to victory neither campaign is acting like they got this wrapped up it's a very competitive race. stuart: how about an october surprise. >> and we take any more surprises can we say were done without enough for the last couple months, let's try this out but the best man or woman when but you never know there are rumors about a story going
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to drop you, upper research there. especially these days if you have something you don't want to hold onto it too long because october in some places is too late with early voting you want to get everything that you've gotten your opponent out as soon as possible could we have a vice presidential debate at the beginning of the month if there's going to be an october surprise one that his plan it would probably be early october. stuart: there's only one week left in september, dennis october. if you have something get it out there now because early voting early started in several states and it rules out. >> the list keeps on growing. stuart: aren't you glad you're in politics. >> sometimes. >> this year is special. >> special is the word. stuart: guy benson thank you for being here. the mayor of a muslim majority city in michigan has endorsed donald trump, why is this guy
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backing trump. >> he says trump is the right choice for this critical time and then he called trump a man of principles, they met last week, it's a suburb of detroit predominantly muslim devil mile-long street called palestine avenue the mayor is a democrat the city was a hotbed for the uncommitted movement against biden, trump says he got the mayor support and maybe the city support because the world was at peace when he was president, he returns to michigan for the 11th time on friday the day after the absentee ballots become available. even in the swing states, the 15 electoral votes people are starting to early vote this w week. stuart: amazing it comes at you it's arrived. it's time we get back to the markets, dow industrial obstacle team points, nasdaq at 47, not
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that much movement but it's green, ryan payne with us. >> are you predicting a 500 bubble like the.com of the 1990s. >> i been talking about this for a long time you cannot t-bill and chill you cannot park your money into a t-bill you're not getting a 5% anymore i been saying that's going away do something with your money because we have the tune of $6 trillion sitting in cash and sitting in money market funds last week no coincidence we sell $20 billion come out of the money market funds as the rates got cut by the fed and a lot of it's getting driven where into the stock market we had a huge multiple on thursday but we have so much money in cash in the monetary policy am a little surprised they cut as much as
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they did they will drop quicker which means money has to go somewhere quicker and my guess a lot will end up back in the stock market. >> that will create a bubble is not a bubble yet but it's going to be a bubble. >> were in some parts of the market like technology a.i. specifically you're the bubble formation stage, i don't have a crystal ball i wish i did i would be on my yacht but i would say those areas are probably more overvalued and at some point if it's going to pop it's good to be those areas meanwhile if you look at the other 493 stocks in the magnificent seven industries all trading at low evaluations with way more acceleration of earnings profits will go up this year end next year for every stock that is not artificial intelligence and technology that's a good thing to broaden out your exposure. stuart: this worries a lot of stock market investors the yield on the ten new treasuries going up, getting really close to being back to 380 it had been
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below 370 which is a positive now in 380 it's not a positive. >> yes and no it was due to pick that up, short-term rates are coming down and longer-term are going up, what i think that indicates there is more inflation after the we initially thought and we see it moderating in the short term but coming into next year my guess economic growth is already picking up now your adding fuel to the fire and it's adding gasoline to the fire by cutting rates as much as they are i think economic growth will be better next year then anticipated which means you will have more inflation which isn't necessarily negative but it comes with higher interest rates on the longer end of the curve and that's exactly what you're seeing the longer end i don't think the inflation battle is over the fed make a little too quickly. stuart: mortgage rates will not come down much. >> become done incrementally because the ten year mortgage rate is still relatively high
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they went from 76%, think about the consumer of the getty do with extra money they're going to spend it in oil prices down to $70 a barrel and that's a huge stimulus to the american consumer they have all these catalysts is a more economic growth consumer string to spend more money, higher interest rates on the longer end of the curve going into next year. stuart: by an index it leaves out the big tech. >> diversify the daylight out of your money have some exposure but what i see with most investors they are all following the hotspots that's making cap tech, and for the last year or two years, spread out your money you will thank me later. stuart: that is a warning from ryan payne. you're alright, ryan is looking at the movers, tell me about trump media. >> is a proxy for donald trump for in the third% he refuses second debate with kamala harris
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and is not sold his shares in this company now that the lockup period has expired record low on friday and still down today mckay was watching general motors up upper 40s but that got a downgrade. >> bernstein downgrade them to neutral and upgraded the price to 53, here's what they say we look at our own data and we have red flags, pricing pressure on gm vehicles, production delays for the electric vehicles and losses continued and their crews division. stuart: why do i keep seeing all the beautiful. >> i live in the stores i teenagers dream stock is down 2% do not little girls have refrigerators for the skincare. stuart: which little girl. >> all my daughter's friends. >> i have not committed yet. >> this is also has a problem it's not refrigerating your skincare they are different from the competitors, they should negotiate for exclusive partnership, stop rolling your eyes and scratching your head.
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stuart: little girls have a refrigerator in your rooms. >> acid granddaughters in twins they want to refrigerate their skin care giver regimen better than mine for the face. >> i think they have to watch this clip. >> the parents are saying enough is enough ntd: downgrades from multiple beauty which is down 2% there's too much competition that's "the bottom line". >> that was an interesting segment. >> you mentioned it. >> my daughter's ninth birthday is coming up and she wants her fridge for her room for her skincare. >> i'm getting too old for this, thank you very much indeed, hollywood star patricia heaton to fight anti-semitism she's going to join me in the studio to explain your project. msnbc tames the press doesn't need answers from harris. >> i just said i'm not going to vote for her. >> she's running against trump
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we have two choices, there are some things that you might not know her answer to. stuart: we still care, joe concha is ready to take that to pieces he's going to be on the show later israel gave a stern warning to israel and lebanon evacuate immediately the ramping up their rocket attacks nate foy has the latest from tel aviv next. ♪ choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels. because advil targets pain at the source of inflammation.
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stuart: on the markets we have a little bit of green, the dow 46, nasdaq up 30. show me the crypto some
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movement, bitcoin coming in at 6388 ethereum 2666. both of them showing green as well, the next case is really forces carrying out extensive strikes against hezbollah targets and lebanon this after has both fired 100 rockets into northern israel overnight, nate foy in tel aviv, the latest. >> good morning to you, not a good day and lebanon and shaping up to be the deadliest day since hezbollah started firing on israel back on october 8 of last year. lebanon health minister said these numbers are growing 182 people have been killed, 727 injured as a result of the airstrikes the israel promises will soon include the back of valley northeast of beirut, there are reports that that is already started happening israel's targeting weapons facilities and lodging positions they've hit 300 hezbollah site so far today, now israel is
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warning residents to evacuate. >> we advised civilians from lebanese villages located next to buildings and areas used by hezbollah for military purpose such as those used to steal weapons to immediately move out of harm's way for their own safety. >> this is a example of a home being used by hezbollah israeli pilots notice the terrorist unloaded adr three cruise missile from a home but israel strikes them before they can fire it off, the missile had a 660-pound warhead on it with the range of 124 miles, new numbers in the past hour hezbollah has fired 35 more times into northern israel, take a look at a directive from this weekend, the idf says has below fired 150 times in the 24 hours leading up to this morning strike, israel's
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president posted on x this morning, i repeat and reiterate israel does not seek war but we have the right and the duty to defend our people, defense minister said the israel will continue firing on hezbollah until the 60000 people who have evacuated from their homes in the northern part of the country can return home. there are people speculating that possibly a ground offensive could be next for israel but an israeli military official tells fox news they are only focused on their area operations right now, we will send it back to you. stuart: thank you very much retired four-star general jack keane joins me in new york city, israel's objective is to restore the border with albert on insecurity at the border, have i got that right. >> you got absolutely right otherwise hezbollah is redefining the israel border and 70000 people who have been displaced on the israeli side of the border as a result.
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they want two things from hezbollah, one to stop firing across the border endeavored to pull all of your troops and your mortars across electronic river out of range so people there are no longer threatened those are the two things that they're seeking. stuart: can they do that without a ground invasion. >> and think was happening the context is the israelis are trying to demonstrate who is the head of hezbollah that this is not 2006 when the israelis invaded on the ground and in the air 37 days later they did not accomplish their objectives and they withdrew in the service chiefs were fired at the result. 18 years later they are showing how exquisite their intelligences that they are killing their top leaders and they just blew up robert on organization and beirut the special ops most elite they
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killed all of their tactical leaders. we all witness last week the pagers in the walkie-talkie attacks exquisite intelligence and execution, they are telling that this is only going to be worse for you if you don't stop what you're doing and then the signal that the war has really begun would be the ground invasion. stuart: change gears, in ukraine the russian military and one day last 22 tanks, 52 armored vehicles and 1500 troops that comes as a lipsky became president. he's going to the white house on thursday and he wants america to loosen on long-range weapons that should hit inside of russia. you had a conversation with zelenskyy what can you tell me. >> i did have a conversation last night with his foreign minister and also with president zelenskyy. i focus on this issue and i flat told him what i know, i said the
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reason is biden administration are providing you with not giving you the authority to use their weapons they are not reasons, these are excuses. the excuses are not accurate. for example they are telling zelenskyy and his people that most of the russian targets that we would use those weapons against have been removed from the area, false, we have a map of the institute for the study of war and zelenskyy and his people have it, it shows georgia 45 targets russian concentrated troop targets basis within range of the missiles, 16 of them are airbase where the rotating disease you 34 to deliver the glide bombs that are so devastating on the ukrainians. that is the facts of the case. my advice to the foreign minister and president zelenskyy was to be firm and tough on the
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issue he has every right, they can still defeat the russians they can still drive much of them out of the territory you just gave an example of how devastating the russian losses were in a single day they are not 10-foot tall at all and ukrainians have will and determination we just have to continue to support them. stuart: i know it's speculation but do you think the biden harris team would allow use of the long-range weapons. >> i told them the real reason they are not stating it is the fear of russian escalation in the foreign minister's what i told her that he said what you mean there is no russian escalation you gave us tanks, no escalation. you gave us long-range missile systems, no escalation, you gave us as sixteens, no escalation, why don't you give us permission to do this, it's a rhetorical question he knew i was supporting it.
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stuart: general jack keane thank you very much always a pleasure. hilary clinton insists that the pro-hamas protestant columbia university were not led by students. we will tell you who she blames for the chaos. tim walz made a shocking omission of the campaign rally over the weekend. watch this. >> it does not have to be this way. we cannot afford four more years of this. stuart: that was a mistake, peter doocy has more from the white house. he is next. ♪ (luke) homes-dot-com is a new, elevated home-shopping experience.
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stuart: 1030 eastern time, lauren is with us tell us what's going on with tesla of 4% they shipped 470,000 units this quarter, the third qyear ago wel find out for sure on wednesday october 2, october is here. >> 247. disney. >> there's a report that they have payment issues theme parks using the my disney app for
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purchases that you make it on the up. stuart: we did not get the stock up but is down 1%. meta. >> there's disney trading near a high after they upped its estimate for meta third-quarter earnings that are due one month from today the 23rd of october they like the ads that are shown on their short videos called reels, the number of ads per reels watched is that 22% up 70 basis points from last quarter and it continues to grow the stock is up what in half percent. >> in addition to not doing national media interviews kamala harris is skipping the traditional out smith dinner, peter doocy joins us. i think she would be the first candidate not to attend in 40 years. >> those dinners are so much fun but the harris campaign in wilmington calculated she does not need to do that or sit for
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traditional interviews, the account right now is overwhelmingly in favor of the trump vance ticket interview wise but key harris allies are saying they think the here's walz's take is transparent because the pension for deb debating. >> they have shown their happy warriors and able to answer tough questions and eager to get back in the debate. i know the vice president has accepted your invitation for a debate we will see if the former president has the guts to take her on. >> 10 - 1 and the desire for democrats to do more in the contentious cnn interview this weekend. >> kamala harris owes the american people lot more answers like what she would do with the wars in the middle east not just in gaza but hezbollah versus israel for that matter the iranian bacteria stay in yemen that target american sailors,
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kamala harris owes a lot of answers to the american people. >> i want to thank you for coming on right now in good to see you. i don't disagree that kamala harris should answer more questions into more interviews for the record. the harris campaign is run by veterans of biden 2020 which was a winning campaign despite having the candidate to very few interviews, the biggest difference joe biden in 2020 was done to the american electorate for decades. kamala harris is not. stuart: you are right, thank you very much indeed. and msnbc host stephanie is defending kamala harris her basement strategy. watch. >> kamala harris is not running for perfect she is running against trump. we had two choices, there are some things that you might not know her answer to and in 2024 unlike 2016 for a lot of the
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american people we know exactly what trump will do, who he is and the kind of threat he is to democracy. >> a lot of talk that they have with kamala harris we don't know her answer to anything. i don't think it's a lot to ask to sit down for a real interview. stuart: i'm with the guy on this one. joe concha is with us, have added, go right at it. >> stephanie calls herself a journalist but no journalist would argue that it's perfectly fine for presidential candidate to not do interviews and be held accountable or in kamala harris case be asked about the numerous flip-flops on fracking, ev mandates, border walls ending all private health insurance, gun compensation decriminalizing illegal immigration that is for starters better for running on i'm not trump is good enough for stephanie rural who is not a journalist almost like everybody and bc and activists in an anchor chair. stuart: got it, one more for
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you, kamala harris will skip the al smith dinner in new york next month the first time a presidential candidate will miss the event since 1984, what kind of message do you think that sentence. >> 1984, the presidential candidate but declined to go was walter mondale and he lost 49 states we can chalk this up to bad karma but this continues the strategy that we seen with kamala harris unless environment is completely friendly hospitable, mostly controlled the harris team will avoid it despite this event al smith taking stay in the blue new york city, trump excels because he knows how to roasted opponent better than any political candidate we have seen, we witnessed it last week when he visited got felled in the studio that you're in and the audience loved it and he showed like 5 million viewers and that was the most-watched show on tv that night so trump nose comedy and is good at it on the other hand
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kamala harris is awkward to listen to which he tries to do comedy she laughs at her own jokes when no one else's and i think your team views the al smith is opportunity to humanize trump if she attends and seated right next to him. if i am trump i still attend you of the whole stage to yourself and given that it takes place three weeks before the election he will win an important new cycle that night and the following day. stuart: show up and do it, he would be good at it. we will see you again later. donald trump is refusing to do a second debate with harris he claims it's too late in the game we will see what tomi lahren thinks of that later in the show. actress patricia keaton for her role on "everybody loves raymond", watched. >> i don't know why your roles are but i like the vibrant part gave them some flavor. >> don't worry about the pots and pans i know how to do those. >> cleaning is cleaning. >> that was shocking.
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now she's using her star power to launch a nonprofit fighting anti-semitism. patricia heaton joins me she's here in the studio and will walk towards the set, we will put her on and were proud to have her on the show next. ♪ ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo.
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(♪) (♪)
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(♪) (♪) stuart: patricia heaton is taking on anti-semitism in america she is launching a nonprofit called october 7 coalition a network of christian standing in support of jews. patricia heaton joins me on the set new york city, you want christians to display a mezuzah a little item that normally identifies a jewish household, you want a christian household to do that. >> is a spartacus moment half of
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the world's jewish population lives in the united states and everywhere they look they see signs of hatred towards them and their being vandalized and harassed and it is time for christians to be visibly and vocally supportive of the jewish people and israel and to fight anti-semitism and away we could do that as part of mezuzah on our doors # mice is that yours is a to show the unity. >> has a prayer that blesses your household and gives honor to god. stuart: what do you hope to accomplish. >> we want christians to step up at a visible way. as you can see the pro-hamas organization are really organized really well-funded and very loud in jewish people are feeling alone, so many christians in the united states most of us support the jewish people and we want to let them know in a way that we can hear and feel that we are with them. >> any pushback from hollywood. >> i wish there was some reaction from hollywood, we have supporters and were hoping to
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bring more people out in support of her jewish friends. >> tell me about the coalition. >> october 7 coalition or 07c is to have christians we want pastors and congregations to go to 07c.org and we will bring unity programs bringing jewish people and christian people together because a lot of christians have gone to israel but they don't know jewish people in their own neighborhood. i think we've all been sideload a living our lives and it's time to come together show solidarity in the hamas plan is not to destroy the jews but western civilization and the freedoms that we all know and love and people shed their blood for, that is why were helping people to really know how to show their support. >> you doing a fine thing i lived in new york for more than 40 years and i really don't like
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to see what's going on with anti-semitism in the city we are young jewish students on the show who were threatened and pushed up against the wall. >> the universities are awful and they're not doing anything, my father served in world war ii and we always knew the good guys and bad guys the fact that this organization the pro-hamas peapod turned israel into the background when they do not break the cease-fire or murder civilians it is crazy we have to pull the propaganda back. stuart: your christian yourself? >> catholic variety. there is all kinds. >> come back to the one true church. >> henry the eighth had something to do with this. how do we get a hold of it. >> 07c.org go to our website or october coalition.com it'll take you to the same place, sign up and we will get you going. >> thank you for joining us you
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can come back anytime you like, see you later. the next case hilary clinton spoke out about the pro-hamas protest at columbia university. >> she condemned them and called them distressing and blamed outside agitators for them, watch here. >> there were existing groups within our country and are particularly uncertain campuses like columbia who had talking points, they had a plan for protest and disruption and i watched it morph into something that was not student led even though students participated but which had outside funding, outside direction. stuart: they were well organized
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she teaches the class at columbia and says that the school's responsibility to not only protect free speech but protect students from harassment in the latter part of columbia and the other schools were in trouble. stuart: thank you. check the markets, right now the dow up 67-point then nasdaq is up 50 points it was a strong week last week a good opening this week. the dow winners headed by intel up another two and a quarter% reaching $22 a share, chevron, walmart, american express and boeing recovering a little ground, is down to 154 this morning, the dow hit an all-time high earlier this morning and retreated from there. i am constantly asked who is going to win in the lee election, my honest answer is i don't know this is a dead heat as it can get. that will be my ticket the top of our children as young as ten
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years old are taking weight loss drugs like ozempic doctor siegel lays out the risk that parents need to know, that is next. ♪
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stuart: children as young as ten are given weight loss drugs like ozempic and wegovy doctors are warning the long-term consequences. doctor siegel is with us, should there be a minimum age on the weight loss drugs? >> i think it should be common sense, it's not that there's a minimum age is when you start giving a 10-year-old drug that hasn't been tried long-term for weight loss, you are basically experimenting. what do you say is were worried about the obesity and them having early hype blood pressure at the risk of diabetes, i think it's very early to give any kind of medication like that and much more important to look at the causes, what are they eating, are the exercising, were they housebound during the pandemic.
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i'm very reluctant to want to give this to kids. stuart: what a weight loss drug be useful to a youngster, i don't know the correct expression for someone under the age of ten who is a big kid, not because what they're eating but genetics. with the weight loss drug work for that child? >> maybe in the future but that's exactly the right point you always make the right point. that point is right but we're too early to make a statement like that. it's much healthier to use natural approaches to this. by the way i love this drug addicted great. the game changer, no question but i'm reluctant to give them to kids. stuart: we don't know conclusively what are the long-term effects, good and bad, do we? >> we know some of the good that we know some of the batlike thyroid, imagine that, it can be
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toxic to the thyroid and really lead to thyroid cancer. i don't want to get into that with kids at all. down the line it might end up being worth it depended on how big they are, big kids that may be genetic to be big and actually healthy. stuart: there is a new covid variant i believe is called x ec and i'm told it's more contagious than previous breads in this spread through half of our country what are the symptoms, nobody is talking about this and nobody seems to be worried about either. >> first of all people are not worried because there is a blanket of immunity that we all have so we've seen covid for three or four years and the hospitalizations are way down, deaths are way down to 500 in the country week way down in the variant is not stronger causes
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the symptoms you might think about, sore throat, fatigue, congestion, cough, the one coming back with this one is loss of appetite and change in taste, remember the earlier variance we see that with this variant but it's spreading a lot it's half the variance we are seeing in the country and again, i use paxlovid and i want people to stay home if they are sick i don't want people to spread this as much as possible and you should not bring it in the workplace, high risk should get vaccinated for this but it is not worse, if anything we're getting used to it. >> i think of covid as a thing of the past like most people in america. >> i think it is hand-in-hand i think it's a level of flu in terms of risk and getting you sick, you don't think it's nothing nobody wanted, anybody would covid would say i don't want this but it's definitely part of the surrounding of respiratory viruses right now we should've taken away the fear and the shock at this point.
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>> doctor siegel always good on a monday medical, thank you we will see you soon. check the market, moving up a little bit, then nasdaq is doing quite well, 67-point tire 131% to the upside, disgraced new york governor andrew cuomo called out the far left in his speech over the weekend, what did he say. >> he railed against progressive policies like the from the police in the migrant crisis especially here in new york city all while endorsing, licorice for president. >> some people think it's progressive to say defund the police, crime is an ongoing problem and it is seemingly everywhere today. people are afraid to take the subway, defund the police are the three dumbest words ever uttered and politics.
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>> he slammed progressive politics and said where is the progress and progressive policies called them regressive and he blamed new york city decline on them. when you talk about defending the police and the migrant crisis how do you endorse kamala harris who is in charge of the border. >> defunded the police. >> a good question still ahead brian brenberg of kamala harris winning a union affiliated with the irs. morgan ortagus will bring us the latest on cease-fire negotiations, there aren't any in the middle east katrina campus will explain how wealthy individuals are using lottery real estate like a bank. we'll hear what tommy lennon thinks about truck turning down the second debate. the 11:00 o'clock hour is next. ♪
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>> we still have a president that can't run

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