tv Varney Company FOX Business September 25, 2024 11:00am-12:00pm EDT
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tamra, izzy and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours. >> for a presidential candidate not to deal with the press. at some point she's going to have to. she should be sitting where i am and hearing her story.
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>> the fed will be cutting rates aggressively when we're not in a recession. that's going to inflate risk assets. >> we need to make it very clear to iran, you do not, do not even talk about it or think about attacking your third cousin of any senior official of the united states. >> former president essentially created a situation where once again became viable to make things here in the united states. >> median incomes in this country went up under donald trump and down under joe biden. americans are not stupid. they know that is what matters to them. stuart: the west side is manhattan and east side is general assembly and can't move your car. gridlock on the east side. it is 11:00 east coast time and
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wednesday, september 25th. let's look at the market. the dow is down 150 and nasdaq up 50 points and no trend. visa, home depot and caterpillar are the biggest losers accounting for much of its loss. big tech, we have a mixed picture, yes, we do. nvidia, microsoft up, alphabet up, amazon and apple down. not much price movement for any of them. 10-year treasury yield up 3.77%. now this fox power rankings released today point to a close race ending with a divided government. the white house, senate, and house. and the presidential level kamala harris got a minor up tick after the first debate and she's up one and trump is down,
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50-48. maybe a second debate. he said no but agreed to dualing town halls hosted by spanish language media company. trump questioned in miami october 28th and harris in las vegas october 10. at this point, the presidential race is too close to call. the senate is shaping up to be a gop win. 51 republicans expected, 47 democrats, two seats too close to call. the key to the senate is montana, represented now by democrat john tester and montana shifted to leaning republican and that could put the gop in the majority in the senate. stunning appointments of money being spent in montana, $121 million so far with another $100 million to be spent in the next few weeks and worked out to more than $150 for each montana voter. as for the house, overall control, too close to call. 22 races are tossups. it could go either way. it's hard to see either party winning the white house and
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congress. no clean sweep. the politicians won't like that, but investors will. the market does best when extreme measures are blocked and the center holds. six weeks to go and with things so close, don't be surprised to see an october surprise. third hour of varney starts now. intelligence officials briefed donald trump's efforts on donald trump to assassinate him and believe iranians will try again. a foreign power is trying to interfere in american presidential election by killing a presidential candidate. this demands a response from us to iran, doesn't it? >> absolutely. we know that president trump got a briefing last night and arkansas, and they only do this when there's a serious threat.
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weeks ago, he's been talking about red flags that he has seen everywhere americans will not feel super comfortable with this. we learned in butler there was one of the secret service maybe called someone and they saw local law officials running in the direction of the gunman and did not immediately warn the rest of the secret service and had to get them out and down.
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there were i have this video of the house and said an ak-47 showed up on her front porch maybe a year and a half ago. they have a number of ways to pull these kinds of things off and i'm glad to hear that there's a larger presence than ever. right now as far as president trump and it's extraordinarily serious story. stuart: donald trump said he's not going to participate in another debate and agree with the dualing town halls and that's the debate though. >> no, it's not a debate. they'll be in two separate states and they'll be speaking to hispanic audiences and i don't think it's a bad idea but i think a debate, the more they get out there the better. and the debate would be good and a good opportunity for them to
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really go face-to-face and no one can do that except the two of them. stuart: that's right. >> you can't recreate that and it is the most unique opportunity for people to really see them press each other on the economy, on the defense. you know, we have this report that's really week, united states defense and not talking foreign policy and going for them just focused on foreign policy and the people with the opportunity to hear what the next president is stuart: we'll be watching you on the story, 3:00 p.m. eastern, fox news and we have john kirby coming up. >> we do and we'll ask him a lot of questions and reports that hezbollah maybe moving in and israel maybe moving in on the ground in lebanon and there are a lot of moving parts for this white house. biden is still the president for several more months and people forget that from time to time, but that's the situation at the
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white house. stuart: we'll be blued, martha. thank you very much in-- blewed, martha, thank you indeed. the vice presidential debate on tuesday, october 21st and there'll be preshow coverage on the bottom line and that's from 6-8:00 p.m. and that's next tuesday night. check the markets, please. dow still down 150 and nas dock still up -- nasdaq up 55 points. ray wong with me this morning. ray, i get the impression that the ai stock surge. >> it is for hardware and chips and if you look at software, it's up 20-30%, which is actually very interesting. stuart: how do you explain that? >> look at shift of hype in the hardware and people are excited and it's a normal stock you start out with.
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hardware and software and companies you're using it and on the software side and volunteer off by oracle on fire and software on fire and salesforce is even up and they're putting the idea into use and software pictures are in the next settle winner and next of the winners are going to be on the market and see that and software guys are going up. going to adopt that. stuart: president biden going for that and it's a data. your data and your personal property rights and if that came about and does that interfere dramatically with ai? >> it helps a lot with ai and it does have ownership back to the individual back to the property owner and that means you have to seek my permission and starts for that and it happens. stuart: settling down if you
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have to ask permission. >> would start all down and getting to protect the privacy and that's the good part of it. but, getting back to property wise helps because every state in the country is nosonecessary and california has its own rules and going for texas and florida having its own rules. stuart: great, please stay there. you're with me for the hour. >> sounds good. stuart: now this, there are no talks scheduled and threatening to impose sush charges? >> yeah, good morning there, stuart. they certainly are major shippers and will have to impose a surcharge if this strike doesn't happen and as much as 1,000 to $3500 per container coming from europe and heading to the east coast and that's quite a bit considering the spotlight for a container being
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shishipped and $6500 and it's te preparations at the ports and well underway for a possible strike and here at the port of new york and new jersey and on the east coast and customers on monday they must pick up their cargo before close of business and this coming monday warning customers they won't be able to get their cargo afterwards if there's a strike. it will be stuck and any cargo that's destined for export will not be accepted unless it can be shore to be loaded onto a ship by this coming monday. railroads are reacting and rail companies csx stop cassioppi cementing and going to get to waste and going to struck here at the port and getting hoeded onto a vessel by monday. the import market and going for that and exported to that and
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american cotton industry and going about 90% of american cotton and half of that export on the east coast and gulf coast ports and cotton industry strike could not come at worse time for them and the president of the american cotton association writes this. , the u.s. cotton industry is harvesting and racing for spinners around the world in fierce competition with brazil, australia and other net exporters around for cotton and there's never been a year where there was a large eric export of high quality cotton globally. the race is on for so many farmers to get their products to them and coming for a terrible time and stuart: coming up,
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stuart: brooke, how do airbnbs work as stash houses? reporter: stuart, we spoke to a homeowner in el paso and this happened to her. she didn't know that she rented her house to smugglers and you can imagine the shock that went through when she got a call saying law enforcement swarmed her home and 15 migrants went to the home and they were in of the
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so-called spotters hiding in the mountains and watching for border patrol movements and the border patrol chief for el paso sector shared these photos and recent stash house bust and migrants hound inside with overcrowded and unsanitary conditions and hundreds of busts similar to this and the el paso sector busted 265 stash houses and made more than 2500 apprehensions. homeland security investigations arrested 13 migrants and one smuggler in this stash house also rented through airbnb and putting communities at resident and can there's a massive financial burden because of all the damage that happened. >> two of the bedrooms were used for the harboring of these individuals. and the master bedroom was
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actually used for the person that brought them over or was in charge of them. posting for the travel in appropriate actions and they're in attention and going for them with no specifics on what policies they haven't placed in protecting homeowners and human smuggling areas. stuart: are the cartels getting smarter and more professional? >> they've had a plan and they learned how to evolve and law enforcement for certain areas
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and evolve and move operations to different areas and at the same time you've got to remember, they're kyle dealing with unlimited budget and going with budget cuts or whatever they want to and under current administration, they've lined their pocket withs so much money. one thing we got to ask ourselves, when you're seeing these individuals, it's easy to come to the country and ask for asylum and get released and what would be the motive and going through these steps and going through the steps to get smuggled further into the country and we need to ask dhs out of these individuals that you catch in their airbnbs, how many have a criminal background and how many are prosecuted and how many are deported back to their otay mesa country? stuart: donald trump is criticizing kamala harris' last minute decision to visit the southern border. watch. >> she's going to the border very soon. she hasn't been there for four
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years and it's the worst border in history but she's going to the border. very interesting. stuart: very interesting. art, why do you think harris is going to the border now after not going for three year s? why did you think she's going? >> political reasons and a publicity stunt and come back and check the box. she wants to check the box and say i went down here and you wanted me to go down and i went to see how bad and it's the only reason i was doing it. the mess she's going to see, if she gets to go to an area where there is a mess because you know how they do that, they always tailor them in certain spots not to see much. if she see as mess, what she'll see is a mess she created for the last three and a half years. stuart: i forget she'll blame donald trump. what do you think? >> you're smarter than that and the viewers are smarter and realize the mess she gets each every day is what this administration caused and one
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individual that can vicks it and we all mo who that is. stuart: art dell cueto, thank you garmin joining us. smuggling along the border. know they're covered with passports and ids? what's that all about, ashley? ashley: hundreds of passports and identity cards and then going to raise their old lives as they slip into the united states. this whole operation is run by cartels and who else? they held migrants and whitewashed their histories and start new lives and unconnected to any past criminal issues of the red flags and we wouldn't know. authorities say the cartels operate in the stash houses we just saw and even mini vans and move around the border and documents for the migrants before they crossed and information and data base and going to make it fake and impossible to find out who the
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migrants really are and if there's anything about their background we should know. think about how many of these people have come into the country sports grill we know nothing about them. stuart: thank you very much, ashley. check the markets, please. seeing the dow down 181 points but a fractional gain for the nasdaq. a mixed market today. breaking news, "the wall street journal" reports that china linked hackers have breeched u.s. internet providers with a new assault with cyber attack and what's the significance of this? >> this is a big deal and flats typhoon and vault typhoon and sitting in the internet and phone lines and that's real spying going on and proof that
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china is spying in the u.s.. stuart: they're traiting platform s? >> our networks like anything that's connected to the internet and they're catching and siphoning it off in the stream. that's huge. it's a huge deal and i'll be curious to see what we did to stop it or found out this. is happening at scale because now it's an ai war and it's a cybersecurity war and ai bots going after my ai bots and more. stuart: thanks, ray. biden sleeping on the beach during the final days of his presidency. >> you think biden lies awake at night thinking how we going to get europe to pay? no, he goes to sleep. i will never sleep on the beach in front of live television. i promise. stuart: we'll bring you trump's comments in full, believe me. kamala harris has tried to paint herself as a law and order candidate. but even pan lists on cnn don't feel like crime is down.
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the new york press jon levine examines how bad the crime crisis really is. he's next. ♪ welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial.
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1+ 1 is always equal 2 and chatgpt and openai and everyone is trying to make sure it's the right answer and that's the training and that's why they're putting the safety controls and google has them and other ai companies and they're trying to continue to improve not to get the wrong answer. stuart: i'm glad you know what you're talking about and i'm glad to see your stock pick is wal-mart. ai play? >> wal-mart is a tech and ai play. there's another member that going to shop with them and there's a lot of things going for ai and that's a list and on monday and what we realize is that they're taking 100 million tasks out by using automation over this and going for them and workers and they can have more front line engagement and that's happening all across the board and improving the customer
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experience. stuart: coming off that and going for them and if you look at stock price from july 16 to now, it's been doing really well. stuart: you invested in it? come on in, ashley. what exactly did donald trump have to say about biden's beach vacations? ashley: he said sleepy joe is literally sleeping on the job in front of cameras no less. what he told a rally in savannah, georgia. >> do you think biden lies awake at night thinking how are they going to get europe to pay? no, he sleeps. i will never sleep on the beach in front of live television. i promise. you ought to give him credit, anybody that can do that, i find it very hard to sleep. i got so many ideas and i'm thinking all the time, this guy just goes out.
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lies down and goes out. ashley: it's nothing but entertaining at least and a swipe at kamala harper lanes rhus asking with the presidential opponent only visiting one place and stops every day and then he does. stu. stuart: energizer bunny. thanks issue ash. fbi data showing a decrease in violent crime. however, a cnn panel unanimously agreed doesn't feel like crime is down. >> here in dc, we have carjackings and people getting mugged in the middle of the day and it's going down. going with murder rates and that's going down and interacting with this more day tackle today basis and going
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down. >> showing that carjackings were one of the types of crimes that did go up in 2023. stuart: it certainly feels like crime is up in new york, doesn't it? >> you walk into a subway in new york and pee everywhere and homeless everywhere and feel like we lost a war. crime is they try to fool you with the statistics and i know multiple incidents that people went to the police to report crimes and the police didn't want to take a police report or they took a police report and then when the person followed up later, they found a report was never filed. what's happen asking orders from the top are coming down and crime is down, stu. crime needs to be done and there's a lot of rank and file officers for the smaller crimes. obviously can't hide a murder.
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stuart: watch local tv news and there's a crime story. first five, ten minutes every night. >> you can't hide it. we see it and feel it. you'll be able to hide in the official statistics and you feel wrong. it's wrong to feel that way. stuart: change the subject. small business and we're done with that. john, you're done. sorry about that. stay there. stay there, please. stretch on the prompter. going for campuses and it doesn't work. we're going to have another year of pro hamas campuses.
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these need to change and it's a great report that was filed about process changes that have to be made and stop teaching terrorism in the schools and stop teaching the west is evil and stand up for the values that made the country in the west great. stuart: well said. wouldn't it be nice if they did just that. don't hold your breath. john, thank you for being with us. small business owners on capitol hill don't want congress to let trump's 2017 tax cuts expire. we'll tell you how much it could cost businesses if they do one way. iran looking to send missiles from russia to the houthi rebels in yemen. this is their way of expanding the war in israel. senator mark wayne mullen is here to take it on. the senator is next.
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stuart: president biden called for peace in the midst of global instability. rich is at the global nations today. it's day two, what will we get today? reporter: he said his former opponent, donald trump was unusual and that's how we began things today here. he's later on continuing with the foreign policy meeting with the vietnamese leader and then hosts ukraine and there's a victory planned tomorrow with biden at the white house and middle east is also been a focus here with expanded fighting between israel and hezbollah in lebanon and iran new president going for this criticizing
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israel and white house respondent saying iran could get a ceasefire if they wanted one. >> you need new iranian president, you want a ceasefire, take influence over hezbollah and you can help enforce that ceasefire. and criticizing biden's policy and zelensky called jd vance too radical about this interview and taking issue with vance's peace proposal with ukraine and service connected tourist and going for them and the factory over the weekend and state's democratic governor and republicans say that inapts to campaign contribution and stopped with the democrat and asking for the administration and going for taxpayers may have spent transporting him and protecting him.
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stuart: we'll take it. thanks very much, rich. reportedly in talks to send russian advanced missiles to the houthis in yemen. oklahoma senator mark wayne mullen joins me now. senator, if that happens, someone that vastly expands this war, doesn't it in >> absolutely does. i tell you, that's a very dangerous situation and a miscalculation by putin was the head of the state organization via the houthis and hamas or whoever else is fighting over there and the issue that we had was that russia was going to inject themselves into this fight and i don't think it's right. this administration and directly engaging with even israel with this. if russia does this, united states will have to step up and really defend and help defend
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israel. this is, this should be the red line for this administration and you happen fortunately i don't know where their red line is. when it comes to foreign policy they continue to use appeasement tactics rather than peace through strength. this should be an absolute red line for all americans and this administration should make it clear. >> iran is trying to kill, assassinate donald trump. is this require as forcible response from us. >> should but going after former secretary of states too they had
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to evacuate him and bring back the united states and that's him being secretary pompeo and openly aggressively going after president trump. because of his actions that they took under his administration and should be direct retaliation and direct from iran and what we see from this administration, they don't believe in that and don't believe in strength and believe in being passive and foreign adversaries going after former president trump and president of the united states or the former secretary of mike pompeo of the state department or it's in words can't describe the foreign policy and absolutely absent on briefing congress on this and policy of
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red lines and they've been absent on describing and articulating the true threats facing president trump and i can't make sense of it. i wish i could. stuart: thank you for joining us and hope you come back soon. thank you, sir. >> absolutely. stuart: check out the dow 30 and a sense of the market. here's what we've got. an even split and the owner of small coffee shop in idaho sued boise state and said they violated her first amendment right because she's pro law enforcement. she won the case, she's here to give us her story. next. ♪
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they're asking congress to make trump's 2017 tax cuts permanent. hillary vaughn in washington for us. hillary, what happens to small business if the tax cuts expire? reporter: stuart ultimately they'd have to rise prices so the national federation of independent businesses is here on capitol here and warning lawmakers what could happen if the tax cuts go away and nine out of ten small businesses use this deduction more than half of those stay they would have to increase their sticker price without this deduction available. almost half of businesses said they'd either delay or even cancel capitol investments in their business and around 30% said they'd have to put off hiring new workers or stop hiring all together. so that's going to impact everybody who shops and people trying to get jobs. former president donald trump on the campaign trail yesterday saying his opponent, vice president kamala harris opportunity economy will be a business killer.
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>> called the tax queen, they love her in other countries because she forces everybody out of our country into their hands and the tax screen is demanding a 33% tax hike on all domestic production, you know. you can hate companies and all that, but they fuel growth and fuel jobs and fuel everything. reporter: trump's plan to hike tariffs on imports and use them as a way to inspire more made in america goods is getting blow back from some business owners like entrepreneur mark cue bin. >> if you incorporate vice president 28% tax rate and combine the tariff and tax rate and cheaper for comes down to
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really who controls both chambers in congress and and getting through congress and ultimately in the area. stuart: hillary, thank you very much indeed. how would you react, ray, if the 2017 tax cuts went away? >> 20% if you're a sole proprietorship and s-corp.. that's all going to raise your cost sos less money to invest and less money to hire and more importantly that's a 20% hit on everybody. stuart: that would hurt, would it not. ? thanks very much. a pro police coffee shop owner won a $4 million free speech lawsuit against boise state university. sarah fenley owns the shop and she joins me now. right from the start, you're a pro police coffee shop. what happened to you? >> i was removed from boise state campus after 42 days for being supportive of lawsuit and in retaliation for a social
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media post i made being supportive of my partner at the time, my fiance, sergeant kevin holtry, and that cost of fire storm on campus. i was called to a meeting, and by 5:30 i was gone. stuart: they just threw you out? locked the building up or locked the door and said you can't serve coffee here anymore? that happened? you went so court and you won? you won $4 million? >> i did. it's been almost four years, and we just finished a three week jury trial and i did get a $4 million unanimous verdict with a verdict of 12 jurors. stuart: on the ground that your first amendment rights were infringed upon? >> yes. stuart: awe you did was say you support the police? that's all you did? >> yes. and i also had a policeman at
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home and going on the line and going for them. stuart: going to shut down your business for 42 days and that's outrageous. sorry we lost sarah there and try to get her back on another occasion. she's got a great story to tell. here we go, it's capitol week in trivia. what's the capitol of bahrain? ray wong will play with us today. aren't you, ray? >> i'll look it up. stuart: don't look it up. we'll have the right answer for you after this.
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number 2, manamy. >> i know where colombo, sri lanka are. stuart: daily is the capital of what used to be portuguese to war. the capital of bahrain is located in the persian gulf and saudi arabia. i want to get this in. president biden has received a friendly interview, and he was at peace with stepping aside from the election but he insists he would have beaten trump calling him a loser. i shared his advice for harris. he says be yourself. that is it for "varney and company". time is up for me. right now coast-to-coast starts with neil. neil: pa
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