tv Varney Company FOX Business September 24, 2024 9:00am-10:00am EDT
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top themselves -- maria: good point. trisha shah mclaughlin -- >> today is president biden's last opportunity to course correct with this war in the middle east. we have four american hostages till being held by iran, by a hamas. he needs to the say each of their names outloud and hold the u.n., iran and these accountable. maria: yeah, and you wonder how the head of iran is going to be received, right? he's going to give a speech as well. we had to get him a visa, and we did it to come to go to the u.n. general assembly. let's see how he's reffed. >> yep. and he's hobnobbing around the city, and it's disgusting -- >> the chinese. maria: all right. great show, everybody, mike, trisha, cheryl, thank you so much for being here. "varney & company" picks it up now. stu or, take it away. stuart: guard monoing, maria. good morning, everyone. this is a big day for investors because the rally modestly continues. the election, though, and the war, that's what's making the
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headlines. president biden addresses world leaders at the united nations one hour from now. reportedly, he will promote if what he calls real achievements for the american people and the world. as a he's saying that, israel continues its attacks against hezbollah. thousands are fleeing south lebanon, hundreds killed. it's very close to full scale war. diplomacy on the sidelines. little fallout for stocks, but gold remains at or near record highs, $2,650 an ounce. oil holding at $72 a barrel. stocks reacting, crude oil at $72. now, stocks, they're reacting to the fed's rate cut. the rally continues. it's very modest this morning, but the dow is up in the green 70 points higher, nasdaq up 37, and the s&p up of -- up 6. not much, but a little green. it continues. treasury yields at elevated levels. the 10-year coming in at 3.79.
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the 2-year, same story, at elevated levels. that's coming in at 3.61%. bitcoin, i'll call it firm at $63,000 per coin. let's get to politics. today donald trump outlines his latest tax proposals. he's speaking in georgia. so far, he says, no tax on tips, social security benefits and overtime. he wants a cap of 10% on credit card interest, and he wants to restore the deduction for state and local taxes. with we don't yet know what he'll come up with in georgia. kamala harris will visit the border probably on friday. her currentings position is that the border crisis is trump's fault. a video has surfaced from 2018 showing her chanting up with education, down, down with deportation. she was at a parade in los angeles calling for an end to all deportations. where does he stand now? on the show today, new york city really in crisis. the scandals that surround mayor adams are widening, and the
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police charge that tren de aragua has taken over the my grant shelters and are operating a the city-wide criminal operation. they cannot be sent back. venezuela won't take 'em. tuesday, september 24th, 2024, "varney & company" is about to begin. ♪ ♪ ♪ ain't no stopping us now, we're on the move ♪ stuart: ain't 40 no stopping us now, what's that related to in trump or what in i don't know. that's -- >> the that's the question. stuart: thank you, todd, for straightening out what the music is all about. lauren i've got nothing. stuart: ath rather cloudy day in new york ott today. we're starting with the election of trump's ground -- trump's campaign says hair ground game is helping to close the voter registration gap in key states.
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you got any numbers on this? lauren: it's all about getting people registered to vote is and to turn out to vote. republicans are registering new voters in pennsylvania, look at this. four years ago there were 68 a 5,000 -- 685,000 more registered democrats than republicans. now that's been cut in half. there are 343,000 more democrats registered to the vote now, and in some cities republicans have completely erased the gap. nevada, just 19,000 more registered democratic voters. flip if it to next another key state, 12,000 -- 126,000 more down from from nearly 400,000 four years ago. arizona, there are 259 more registered republicans than democrats meaning the gop has doubled their advantage since 2020. this is a big deal. it's a strong ground game. it's one reason that new york times poll has trump up in the sun belt including arizona and north carolina. republicans are hammering down
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on the get out the vote message now and and vote early. those two things they have to do, register, vote early. stuart: it's working. all right, thanks, lauren. the harris campaign spokesman, ian sams, was asked if americans are better off under biden. got to listen to his response. >> i'll ask the question again, are americans, does she think americans are better off now than four years ago? >> well, i think when people are running for president, hay want to see what are you going to do for me. it's not a retrospective question. it's actually a forward-looking question. and that's what she's doing on the fam cane -- campaign trail every day. i understand that we have to go further for people, and when you look at the choice on the ballot in november, it's either me or donald trump. stuart: the todd piro with us this morning. that was a long way the the not answer a question. >> and, stu, for the last couple of weeks we've attacked kamala harris as being a bad messenger. well, we also need to attack the message because when you have a guy like ian sams who is
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literally paid just to deliver messages and that's the answer he comes up with, it just proves they don't have a policy answer. they have platitudes, they have flowy words. let's look to the future, not look to the past. that doesn't matter. i want to hear a, b, c, d and kevin can o'leary was on the other day saying that's my problem. i can't say which economic plan i like more because i still don't know economic plans for kamala harris. that matters to business people regardless of party. stuart: i do feel sorry for ian sams. there is no answer, is there? >> that was the his attempt -- stuart: i wish i had that job. i could do a better job. listen to how trump says he will help farmers. >> so the first thing i'd do is i would probably my first call i'm going to call up president, and i and say we made a deal, you buy $50 billion worth of american farm product, and i guarantee you he will buy it,
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1000%. he will buy it. -- 1000%. stuart: that is not free trade, that's forced trade. that's trump's way of dealing with china. >> i know you don't like the overall concept of not going through the free marks, but at the end of the day, this was a deal that was negotiated between the united states and china. i would argue that that is somewhat free market-ish. and so to the overall point, don trump saying i'm going to to enforce the deal that we made, i don't have too much of a problem with that. do you know what it goes back to in in the earlier answer, there were no specifics from kamala or ian sams. donald trump is like, farmer are hurting in here's how i'm going to help. they're specifics. even though a free trader like you may have an issue. lauren: that was trump 2016, if you ask me. people know trump regardless of what he says about his economic policies. stuart: he ain't no free trader. get your 30 seconds worth in. >> the only reason he's promised that to the farmers is china realuated when we first imposed
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free markets, so as a makeup, he had to the force china to buy soybeans. the problem with the free market thing is once you intervene, you intervene again and again and again, we're supposed to know better. i stand existence it even though trump's can economic plan is vastly better than kamala's -- >> that was 22 seconds. i counted while i was talking -- stuart: get out of here, nice try. let's have a look at markets. a little bit of green. the rally very mostly continues. david bahnsen, i'm going to call it a rally, and if i think i'm right. the market has gone up. records for the s&p and the dow, what's driving it in. >> the big rally has been gown on for about 200 years, and it's called free enterprise -- stuart: you know what i mean. >> and this specific month, we've had a big recovery from end of july, early august. profits were good last quarter and multiples have is still expanded so we're just having a very expensive markets in the process of getting more
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expensive. stuart: got it. i want to a talk to you about the work from home i'm going to call it experiment. you said for a while it was never going to work, amazon toi thing to bring back their executives, their employees five days a week. my question is how far is the push against remote work going to go? >> it's going to go huge. it's going all the way. every big, woke company that bragged about it -- facebook, apple, amazon, google, netflix if -- they've all gone back on it. every one. and this thing with amazon is not just executives. it's all employees who work in an office. so the warehouses were already there, and now they're saying everyone else come back, and it's not three days a week, it's five days a week. the reason why is because human beings work best together communicating, apparently expressions. and i'm telling you the lack of mentorship that was being subject to these, that these younger employees were having to go through not having older people to talk into them in the office, it was unfair. they're remedying it now. stuart: but if you're an outstanding employee working
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remotely, you don't want to be forced back to the office. you may well leave and go someplace else. >> okay. i'll look forward to seeing who has that a leverage in this labor environment -- stuart: i can't say specifically who, but there are going to be outstanding employees who don't like this. >> i do not believe there will be at any real scale. and people have been saying this for four years, the talent was going to leave. jrks -- jpmorgan's had no problem hiring. my company's small, and we've been five days a week in office for four years. they're lauren there's a tiktok trend called corporate girly about gen-z getting dolled up and going to work. you and i would say why row plant size something you do every day, but for that generation it's changing. hair going back to work -- they're going back to work, and they're liking the stability of a routine -- stuart: remote work's not going to die out completely. >> it existed before covid. what's going to guy out concern die out completely the people that previously went to work and
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then were told you don't have to, the job that the lent it to being in the office, lent itself to being in front of your customers, coworkers, your bosses, if you're 26 years old and you're a superstar and no one sees you be a superstar, how does that help you? now need -- you need to be visible to the people around you. stuart: all right, we got it. we just got a read on home prices. if remember, these numbers are from july, so they're two months old. what are the numbers? lauren: but the trend is our friend. prices are cooling. they rose 5.9% on an annual basis in july, and that was the smallest increase since november of 2023. so slowly, prices are coming down. stuart: he's laughing. lauren: stop chuckling. that that's what the data says. >> no, it says the rate of increase is going down. lauren: okay. >> prices are going up, but at a slower pace -- lauren: the smallest increase since november. >> i'm saying if we have an affordability crisis, them getting a little bit more
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unaffordable is still difficult. prices need to come down -- lauren: and in new york, they're up 8.8% -- >> that's right. stuart: you're such a pain, bahnsen. [laughter] >> i need it, i think i'm a pain. my wife has recently said it. stuart: there you go. coming up, the l.a. times claims san francisco's politics are moving to the center. voters tired of liberal, soft on crime policies. our california guy, steve hilton, really wants to get into this, and he will. he's on the show. israel continues strike is thing hezbollah targets in lebanon. the u.s. sending more troops to the region. is biden supporting netanyahu's fight against hezbollah? national security analyst rebeccah heinrichs is here with more on that. she's next.
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stuart: futures suggest a modest upside move at the opening bell today after recent gains. dow might be up so 0 -- 100 points. the u.s. is sending more troops to the mideast to. nate foy in tel aviv. nate, what are these troops going to be doing? >> reporter: well, stuart, it's meant to deescalate the tensions in the region. it's going to be a small number of troops who are supposed to support the 40,000 troops already in the region. breaking within the past hour, we're learning of another israeli-targeted airstrike in the city of beirut. the idf promises the airstrike striek will continue to intensify. they don't want to give hezbollah a break, and sirens continue to blare in northern israel. take a look at the direct hit on the side of the road. remarkably, nobody was injured here, but we are learning of at least two injuries elsewhere in
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northern israel after people woke up to the this. take a look. [background sounds] >> reporter: stuart, you can see hezbollah is not slowing down after firing 250rockets yesterday. one of the people injured we know right now is an israeli soldier who was hit by falling shrapnel. meanwhile in lebanon, take a look at this next video. there is massive damage and a tremendous cost to life. at least 558 people were killed and more than 1800 injured yesterday according to lebanon's health ministry. many of those killed are hezbollah terrorists, but some of them are women and children. meanwhile, the idf if continues striking hezbollah weapons facilities, and today just as they did yesterday they are urging residents to get out of harm's way. >> behind every secondary explosions there's a building
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containing deadly munitions, rockets and missiles, triggering such a reaction like you see here. >> reporter: take a look at this video, stuart. israel's iron dome remains strong, under constant threat by hezbollah rockets. and today the u.s. embassy in lebanon is telling any american citizens in the country that, if they can buy a flight ticket, they should, and they should leave the country. however, many flights have been canceled or suspended, and the embassy is telling americans that if they don't buy a flight and can't leave the country, they should expect to shelter in place for quite some time as we all await sort of the next chapter of what's going to happen on israel's northern border. back to you. stuart: nate foy, thank you very much, indeed. national security expert rebeccah heinrichs joins me now. is biden supporting netanyahu's fight with hezbollah treat? not sufficiently, and that's the biggest problem. you keep hearing this word, deescalation. the goal continues to be from the biden administering, the
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goal is deescalation. that that's the the wrong goal. the goal should be end enable israel to destroy these munitions, these weapons facilities, his hezbollah -- hezbollah's ability to continue to conduct terrorist activity against israel and u.s. forces in the region and our allies. that should be the primary goal. if the goal is to just pressure israel to deescalate, you're just going to cede escalation to the iranian proxies, in this case in the form of hezbollah. stuart: is it a ca capitulation to the domestic politics? >> i think that's a big a part of it. you have a significant wing of the democratic party that still views israel as the main a aggressor. you see them using hyperbolic language, genocide, etc., scream scribing can -- ascribing that particular if thing to israel. it's obviously backwards. israel has been incredibly restrained and discriminate in their targets. the reason you see these huge explosions with where the israelis are attacking is because that's exactly where
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hezbollah is keeping their munitions. that that's why the explosions are so big. as long as people are not having weapons around a civilians, you're going to minimize casualties because that's certainly the goal of the israelis. stuart: two bipartisan reports have issued the same warn, that the threats against the united states are the most serious and challenging since 1945. what should our response be to those threats? >> so this is so important, stuart. i'm actually one of the commissioners on one of the reports. both of these reports were issued by bipartisan individuals who all have very, very different views about politics. but when we all got in sort of our separate rooms and looked at how bad the threats are and what is at risk for the united states and allies, really some conclusions came to light. one is that china, russia, north korea and iran are collaborating to the harm the united states and our allies. so you talk about since world war ii the, the prosperity that we have because of open ceiling, free trade. these kinds of things are really
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underpinning american freedom and prosperity. they're all at risk o. the united states of america must understand that this is a profound threat, we're in the most dangerous time. we have to reboot the defense industrial base. we need more shipyards to produce more ships. the chinese, stuart, can produce more ships in a year than the united states can produce in a decade. so we must get sort of, get rid of this idea that diplomacy is going to replace power. it will not. stuart: it's easier said hand done and would surely take a long i'm for us to build shipyards and munitions and all the rest of it. you can't do this in a couple of years. this has to be a long-term commitment which, i mean, who's going to make that commitment treat? stuart, i would just say even if i was part of your conversation with your previous guest and we're talking about free or fair trade, i would say freedom must be more important than free trade. let me say it again. freedom must be more important to us than free trade which means that the united states of america must start from the fact that we have to fight for
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american ascendancy against this rising axis. so it's got to come from the top down. our trade policies, our industrial policies, yes, all or prioritization on innovation. anything that we do for manufacturing needs to focus on how can the united states become more sovereign, rely less on our adversaries. and that's going to take political leadership from the very top driving all the regs of these decisions -- the rest of these decisions. stuart: long-term deal. rebecca, thank you for joining us in this morning. >> thanks, stuart. stuart: an intelligence official warning our adversaries are using a.i. in their disinformation campaigns. what do we know about this? lauren: it's from the office of directer of national intelligence warning that russia is the number one instigator. they said using a. a.i. mostly against kamala harris. bad actors in russia staged a video from a fake u.s. tv sayings in san francisco that interviewed a woman who said she
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was a victim of a hit and run by kamala harris back in 2011. not true. people saw that. officials say the other major election threat after is iran. they make fake web sites targeting spanish speakers to the push disinformation on immigration. i would think israel, but it's also emigration. finish a.i. does the translation for them into spanish. so to bottom line this, bad people are using artificial intelligence to manipulate voters. stuart: yes, they are. all right. thank you, lauren. coming up, we're going to check futures. i see the dow is now up about 100 points, nasdaq up about 60. the opening bell is next, and we're going to take you to wall street. ♪ ♪
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stuart: well, a modest gain for stocks. the opening bell looks like at least. dow up 100, nasdaq up 61 points. david nicholas with us this morning. the fed cut rates, okay, so what are you buying if what are you selling? deal with what are you buying first, please. >> stuart, that's right. the feds has our backs, so we're
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looking at large caps, we're looking at small caps, we're looking at internationals. if you look at some of the mag 7 names, meta just hit an all-time high. apple is holding on really nicely, so while earnings growth is slowing in the mag 7, we're still seeing robust growth, so we're putting money the work there. we also like internationals. when i was on a couple months ago, we talked about argentina, up 20% in the last couple months paired to the s&p at 4%. we like -- compared to the s&p at 4%. we like india. we're selling the defensives. i think some of the sectors like utilities are way too rich are. xlu is up 25% year to date, stuart, more than the s&p, and that's more than nasdaq. so i think you sell the defensivesput money to work in equities. stuart: so you feel aggressive about this. you think this market's going higher still. >> our base case is a soft
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landing so, again, i know there's at lot of nerves out there for investors. but if you believe that this economy is not falling off a cliff, you put money to work in those sector to thes. stuart: you don't think the election has anything to do with this market? >> no, it certainly does, and, look, who wins in november certainly matters. we've seen the two tales here, right? we know what happened under president trump. we had economic growth can, peaceizing real wages. -- peace, rising real wageses. under kamala harris we had economic uncertainty the i, wars in europe, wars in the middle east, so that certainly 345er79s. i believe trump is going to win this election. i see where the markets and the polling is heading, so i feel confidence in this market, stuart. stuart: david. david: nicholas is buying but selling utilities. we're off, we're running almost, almost there. two seconds. all right, 9:30 eastern time, price the button, we're running off. we're looking to the see some up gains right from the get go this
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morning. right now the dow has opened with a gain -- okay, looks like a small gain at the moment, but that is a new intraday high for what it's worth, 432, 14 -- 422, 140. there's more red than green on the dow 30th. let's see if that changes -- dow 30. the s&p opening ever so slightly hire, that is the up .15%. same with the nasdaq,st the on the upside but not exactly human. not bad, .43%. 78 points, 18,000 on the nasdaq. let's have a look at big tech. have to do this every single day. that's where the action is. apple up 229 this morning. google's up a buck. meta up $1.4 but microsoft down just 72 cents. i want the focus on microsoft. taylor riggs with us this morning. who down the graded microsoft in. >> sorry, thu stu. don't take the it personally. d.a. davidson downgraded from a
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neutral to a buy, but they kept the price target unchanged at $475 a share, so there's still clearly some upside to the stock. they did say microsoft seems to be losing some of its lead in the a.i. space, and they're becoming two too reliant on nvidia, so that could be a problem. speak of nvidia, now no longer the top performer on the s&p 500 this year with, vistra energy andson slation -- constellation energy, neck and neck. it's all energy. stuart: david bahnsen's sitting next to me looking at microsoft, shaking his head, nodding his head. what's wrong with microsoft? >> do you know how rare it is that you look at a stock that has lore -- a higher pe next year than -- this year than next year? the earnings growth is slowing. they're trading at 41 times next year's earnings. 37 times this year's earnings. stuart: so? >> earnings is slowing, and you have to -- if you bought the success right now and they don't change earning at all, you get
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your money back in 41 years. the whole point, to the prior guest, to your argument, microsoft if has a ton the of profits. it's a huge, wonderful, successful company that you are paying a fortune to buy right now. a for country. stuart: are you on this show in the near future? >> no doubt that i will be are. stuart: you've not been booked yet, have you? >> no. but you will forget what i just said by the next commercial break. [laughter] stuart: taylor, what's the future of semipick? >> novo nordisk is out in front of a senate committee this morning, and ahead of that they put out a statement, the ceo, saying in about less than a year or about a year these drugs will be open for price negotiation. that will help ease some of the pressure from lawmakers who have been really upset about the prices that are being charged for we geoff v.a., for -- wegovy, for ozempic. they're around $1,000. the ceo saying, it's the okay, prices will be up for negotiations in about a year.
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stuart: as long as they've got the supply to meet the demand. why is tesla up this morning? it's the up again, what is that, 253, why? >> and they are turning positive for the year. is so this is after a report from barclays showing that for the third quarter deliveries they're now expecting about 470,000 deliveries. the summit was for 460,000 -- estimate was for 460,000. so coming in a little better than expected and finally positive for the year. stuart: have you got anything negative to say about the tesla this morning? >> it's not something we would buy, but it's a highly up and down type stock. i could not imagine owning tesla unless you were committed to it as a long-term play. it's way down from its high two years ago. stuart: a follower relative oif mine -- former relative says to me you are, indeed, a pain -- >> i know who it is. tell her i said hello. [laughter] stuart: salesforce got an upgrade. from who? >> piper sandler. overweight from a newt law
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school, and they upped the price target to 325 from 26 thing. salesforce hit a record last week. they also announced a few different partnerships, google cloud, a really interesting partnership with saks fifth avenue where you can use a.i. tools for personalized shopping. excited about these opportunities. stuart: i want to know about john deere because trump is threatening hem with a 200% tariff. what's it all about? >> if they move production to mexico, which they have tried to shift some of that production out of facilities in iowa which has caused layoffs. so he told john deere if you want to continue to do that and go to mexico, then anything you don't make here in the u.s., you will have a 2020 the 0% tariff because moving out to have united states is bad for farmers and bad for manufacturing. stuart: and that's ooh just a terrible thing, isn't it, david? >> i mean, you have an awful lot of companies that do manufacturing out of the country, so to target one particular company as opposed to the whole broad economy is called crony capitalism, and i'm
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totally against it. stuart: yes. but it's good politics, isn't it? have it may very well be, we'll see. stuart: okay. >> that a doesn't make it right though. stuart: how about your famous dividend picks. >> something we can agree on. stuart: look at it, morgan stanley, you think that's a good dave sustained payer? >> it's a 3.8% dividend yield, the highest in the financial sector. they were a 00% dividend payer for the entire time i worked there. i was managing director at the firm, full diss -- disclosure, i left ten years ago. they've really done a great job. they've executed very well. stuart, 3.8%, and the ceo, it's a brand new ceo, very committed to dividend growth. they have a ton the of to free cash flow. it's sustainable. they're not the same morgan stanley from before the financial crisis where they were dependent on all these mortgage bonds and stuff with their own balance sheet. they get a lot of annuitized revenue, at -- a lot of kent
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fees the concern. stuart: do they do well as interest rates come down? >> they do, matter of fact. there's a number of areas that benefit. stuart: 3.8%? >> and growing. stuart not bad. i think we're in agreement. >> we're back in the good graces. i can come back? stuart: possibly. check that big board. many business for six minutes, and the dow jones' average is up all of 50 points, dow up, 42, 177. there are some winners among the dow 30. i'll let's list them for you. caterpillar, nike, salesforce, home depot all up. the s&p 500, some winners there, las vegas sands, freeport-mcmoran, albemarle, wynn resorts. something going on with gaming because you've got las vegas sands and wynn on the winners' list and the nasdaq composite. on semi, lululemon, athletica, n, and p and texas instruments. here's what we have coming up, cnn's dana if bash seems to
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think voters demanding answers from harris are just asking too much. >> you hear time can and time again the question from if focus groups, from undecided voters, but what about her policies in what is that about? stuart: democrats think harris is being held to an unfair standard. we'll talk about that with jimmy failla. he's on the show later. kamala harris' aggressive left-wing policies coming the light in this this newly-resurfaced video. ♪ up, up with exing, down, down with deportation. stuart: oh, dear. that that's from 2018. has harris changed her beliefs since then? financialer acting dhs secretary chad wolf takes it on. a new group called white dudes for harris explaining why they started. >> most white men aren't actually maga supporters. so we decided that we wanted to create space for white men to be a part of electing vice
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stuart: all right, 112 minutes into the trade thing session, the dow has narrowed its gain. it's now up 332 the points, nasdaq up 37. -- 32 points. the creator of white dudes for harris recently revealed why he started the group. >> for far too long, the left has essentially ceded white men to the maga right, and if a thing that we know is that most men, especially most white men, aren't actually maga supporters.
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and so we decided that we wanted to create space for white men to be a part of electing vice president harris. stuart: look who's here -- [laughter] jason chaffetz. all right, jason, white dudes for harris. do you think that's a winning strategy? >> i don't know if i have an eye roll big enough to just say you gotta be kidding me. you've got to go out and create space for white men? that is the most woke -- i just can't relate to it, stuart. just stand up for what you believe in. if you want to vote for kamala harris, just go ahead and admit it out loud. you're going to be embarrassed, but go ahead and admit it out loud. don't tell me you need some sort of safe space to go out and do that. that's -- [laughter] i just can't relate to it. stuart: just such woke language, isn't it? a safe space. we've been hearing about that for years. let's get serious, jason. the trump campaign is closing the gap between registered democrats and republican voters in battleground states.
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they're using the ground game to get republicans registered. doing it effectively. so that voter registration appears to be a success. but the other side of the coin is do you believe trump may be undercounted in the polls? >> oh, i think donald trump has always been underestimated. i mean, that's his whole political career or, to everybody's peril. he's always exceeded expectations. but at this point in the election now that ballots are starting to go out in a lot of states, it's about enthusiasm and getting out the vote. the democrats have been far superior in getting out the vote. they like the early voting. they go out and get that. if republicans can get out their early vote, get people convinced, get that ballot in and do it right now, then they can win, and i think the enthusiasm for donald trump is high. and i think that kamala harris is just, it's struggling because they just -- it's the an embarrassment. they don't even know what she stands for.
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they can't defend her policies because what's her plansome if nobody knows what those things are -- plan? stuart: her momentum seems to have stalled. >> yeah. if i think so. look, she's going the get the base of democratic support, but is she going to get that last 5% is what's going to swing these elections, and i don't think that they're going that direction. when it's about the economy, safety, what's going on overseas, all of those things, there's nothing that checks the box that says, ooh, yeah, i already a want kamala harris. she's failed for the last three and a half years. why would we want to continue to do that? stuart: all right, we'll leaf it right there. jason, thanks for joining us, see you soon. donald trump will hold a rally. it's in savannah, georgia, today. alexandria hoff is there. what can we expect to hear? >> reporter: hi. yeah, is so we're expecting to hear more about his tax code changes and primarily the former president will lay out his pitch
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to foreign companies on why they should move their manufacturing to the u.s. he's doing so in georgia. this is an important state. president biden won it in 2020 the by the smallest of margins, less than 12,000 votes, so democrats have been hitting it hard. vice president harris was here in the state in atlanta on friday with a focus being on abortion for her. and according to the latest new york times-sienna college poll put out yesterday, former president trump is leading the vice president by 4 points in the state. that's within the margin of error. he's here in savannah coming from another biden-won state, pennsylvania, yesterday. listen to what he said yesterday. >> we will have no tax on tips -- [cheers and applause] that was an easy one. [applause] we will have no tax on overtime, you work overtime. [cheers and applause]
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>> reporter: no in tax on social security benefits either. we're going to expect to hear more about that today. trump is generally leading on issues of the economy and inflation. he stopped at a market in western pennsylvania yesterday. listen. >> she won't do an interview because, one of two reasons. one reason is she's not very smart, the other reason is she doesn't know how to talk about inflation. but they caused inflation at a number that nobody can believe. >> reporter: so so to the offset these tax changes, many are wondering how are you going to pay for this. the former president said that will come from his new planned tariffs on imported goods. that's another thing we expect to hear more about today, stuart. stuart: angs al sand drink ya. restore the deduction for state and local taxes, cap interest rates on concludes at 10%. there's a plan, what do you make of it? >> most of it i really disagree with, but i loved the plan from his first term, lower taxes for
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businesses, bringing a lot of money back onshore, open energy, independent energy policy and deregulation. i'd focus on that. pandering on certain targeted tax cuts is not the reaganish s, e way or the conservative way. the 10% price six -- fixing on credit cards means less people get approved for credit cards. there's unintended consequences. i like a lot of what he's doing but not all of it. stuart: david, talking about. the talk at the united nations is about mesh's weakness. president biden wants a ceasefire, but hamas isn't going to oblige. we look weak and uncertain, our rivals look strong. it is worth pointing out that our rivals do not want to see a second trump president city, oh, no. that's my take, top of the hour. the nypd believes members of the venezuelan gang are hiding in plain sight using new york city migrant shelters to build a criminal empire. the full story next.
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of 200 migrant shelters in new york city, and the nw -- nypd tells fox that tda is recruiting new members inside, they are selling drugs and smuggling in guns through food delivery services to avoid metal detectors. >> we did see some intelligence that was being reported that sometimes they were smuggling guns in through food carton it is. so, yes, do we believe there's guns in the shelters that have a gang affiliation? if absolutely. do we believe that they were being smuggled many? absolutely. >> reporter: the nypd says there are hundreds of tda gang associates citywide, and they are not afraid to shoot at cops. they say in june a gang member on a moped shot and wounded two nyp if d officers. earlier this year in times square the nyp if d says a 15-year-old suspected gang member shot a tourist in the leg and fired at a police officer while shoplifting.
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tren de aragua has its strongest foothold in queens, new york, where the nypd raided a 24-hour migrant brothel just last week. >> there is intel that they are part of human trafficking in queens. >> human trafficking. >> human trafficking to the extent, again, i got your family here, now you have the pay me, and you're going to pay me in this fashion. >> reporter: by forced prostitution. >> correct. they're in the drug trade, the gun trade, the executors trade. there's been rumors of, or intel that they're extorting vendors on street. >> reporter: and there's dangerous -- this dangerous gang has spread nationwide with reported activities in at least 14 states and 10 cities, recently in el paso, texas, the gateway hotel shut down after being overrun by suspected gang members. 70 tda gang members have been apprehended thisphysial year --
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fiscal year, and finally, stuart, here in new york city the nypd is not allowed to contact i.c.e. because of its sanctuary city laws. even when they do arrest a violent tda gang member, they are up not deported. stuart? stuart: ridiculous. bryan llenas, thanks for a great report. we appreciate it, and we'll see you again soon. david, thank you for being with me for the hour. you put up with me and i put up with you. [laughter] is still ahead, the "l.a. times" says reliably liberal san francisco has shifted to the center politically. steve hilton lives there, and he's eager to discuss this. the u.s. is sending more troops to the mideast. are we fully supporting netanyahu's fight against hezbollah? we'll ask national security expert victoria coates. democrats keep defending harris on her lack of answers to policy. and former acting u.s. customs secretary chad wolf is here.
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