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tv   Varney Company  FOX Business  September 26, 2024 11:00am-12:00pm EDT

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>> russia is getting off of their allies and china, north korea and iran, and we have
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supported ukraine but haven't given them enough fast enough. jot democratic party using these as an inconvenience and feature to sidestep the debates they don't want to have. jowski they tack the money from you in taxes and spend it on whatever they want. ♪ stuart: it's a matter. tell you about it and 11:00 eastern time and thursday, september it 26th and rally faded for the nasdaq and going up from the get geopolitical and down five points and the dow holding onto 200 point gain. show me big tech. half hour ago they were all higher and alphabet and apple up
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fractionally and microsoft down $1.80 and am zone down $289. yield on 10 year is rising and not popular on wall street and 3.798%. mayor adams will speak about the criminal indictment and new york as the backdrop right now. now this >> eric adams is the first mayor to be indicted while in office.
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he's being targeted for criticizing biden as the migrant surge and that's his defense and the administration is parollized and step back a moment. new york is not alone. may be the poster child of big city crisis, but others have the same symptoms. in los angeles, homelessness, crime, bad schools and in chicago, murder, mayhem, terrible schools. san francisco, public drug taking, homelessness, and retail exodus. all the symptoms have one cause: left wing policies imposed by entrenched democratic administrations and chicago has not had a republican mayor since 1931. san francisco has not had a single elected republican official since 2012. los angeles has not had a republican mayor this century. in recent years they've consistently moved further left.
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stuart: kenneling i did, are these big cities in there's no sign of decline at all. >> i hope we won't get to that point. it feels that way and as i kid i grew up in portland, oregon, i see what downtown portland has become and i don't want to step foot in it.
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it was the most livable vibrant city in the country growing up. everyone wanted to move there, same thing with san francisco. perfect weather and so much opportunity and then with the tech explosion, they really thought they were going to keep the graaf i have train going. gravy train going and tech nerds wanted to be liked and donated to progressives that ruined the cities. when you have rampant socialistic policies and philosophies and it's really dogma. it's not about practical policies and running a government in order for citizens to thrive and they were taking the tax base and letting the criminals free and livability in the cities has plummets and i hope that portland and san francisco don't go past the point of no return and there's
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once great metropolises and that'll affect the rest of the country. we have to put up a fight and mono-party system in places like illinois and california, it is killing these places. >> i have pledge that had building a strong middle class is a defining goal of my presidency. from my perspective, it's common sense. the american economy is the most powerful force for innovation and wealth creation in the human history. we need to move past the failed policies that we've proven don't
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work. stuart: which failed policies of the past. the three and a half years she's had. >> big government failed policies whether real estate and housing or immigration and schools. wherever government has been overly involved and you see failure in the wake and talk to stephanie rule in the softball interview and immigration is a republican issue because they couldn't vote for the bill. they had enough time to change the landscape and find the root cause and fix things and they didn't and pushing to this point and pushing back against the system that she was the coauthor of. stuart: yeah, i mean -- >> she talks about limited
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government and then hits everyone over the head with a pinata stick and i have a truckload of red tape and we'll wrap the economy in it till there's complete immobility and failure. >> it sounds good and the results don't matter is the problem; isn't it? stuart: it's feel good politics. >> can't afford anything. that doesn't feel good. stuart: keeper game i did, you're all right. thanks for joining us. >> always good to talk to you. stuart: we have a promo. >> look at that. stuart: you're hosting an evening with kennedy. >> that's right. stuart: this saturday, septembe, pennsylvania. >> i hope you're there, stuart. stuart: if you're not careful. >> i have a kennedy for president shirt with my face just for you. if you show up at soul joel on saturday. >> i don't travel well. stuart: thanks, kennedy. check the markets and the rally for the nasdaq is really faded and gone back a bit.
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dow up 200 and nasdaq is now up 60 points. lou basenese with me for the hour. we had a nice rally and i suspect that china and its stimulus program has something to do with the rally. >> no one cares about china. really. it's been a drag on the global economy. it's gdp and jobs and lowest jobless claims. stuart: sorry, lou, mayor adams is speaking and addressing the criminal charges against him. listen in briefly. >> you can shush me all you want. the people are with us. >> first of all, i want to thank you for being here this morning. and i want to thank the supporters of all ethnic groups that i hear, particularly the
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men and women of the clergy that's here that have joined me here today. wee are not surprised. we expected this. this is not surprising to us at all. the actions that have unfolded over the last ten months, the leaks and commentary, the demonizing and this did not surprise us that we reach this day. i ask new yorkers to wait to hear our defense before making any judgments. in about 30 minutes, you'll hear the story of a case that is in front of us. the story coming from the federal prosecutors, and i ask to wait in here i decide for the
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narrative and from her, my attorneys take care of the case so i can take care of the city. my day-to-day will not change. they don't dot job so it proceeds in the background and dedicated i have gone through
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this and i look forward to defending myself and the people of this city as i've done throughout my professional career and i want to turn over to the person that started me on this journey, reverend herbert daughtry. stuart: watching major adams responding to the city of the five criminal charges laid on him in an indictment last night. more varney after this.
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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection.
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therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. stuart: he can be removed but not recalled and he is not resigning. back to the markets and the dow is holding onto gain of 138 points and nasdaq up 61 and had been up a lot more than that. lou basenese is with me. the china stimlouis program, which is enormous, has nothing to do with the rally?
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>> no, because if you look at china for the last 17 years reporting declining gdp and broke below the double digit level and trying to stimulate their economy in various ways and for the purposes so i don't believe that's it. instead, i think everyone is much more short term focus on good gdp and low jobless claims and we know the fed is cutting and all investors care about is jobs in the economy and that's what we're really focused on here today and the rally and nasdaq rallying on the back of the semiconductor strength. >> i won't put that in yet because there's ten economic data points going for them up or down and right now the ones you've got to focus on are revolving around manufacturing and jobs. stuart: stay there, lou, i've
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got you for the hour. harris sat down with msnbc and biden went on the view. >> my mother raised my sister and me and part of my vision for the economy is let's deal with some of the every day challenges that people face and address them with common sense solutions. i truly believe his legacy will be etched in the history book as washington. stuart: i did hear that right? as washington. okay. brent bozell with me now. okay. softball questions, no serious questions, no follow ups.
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does it work with that? >> one of the most substantial presidents in the past half century and that's the past half statement and the day my children put me in they're trying to feel sorry and make him feel nice now that he's put into acolous and the trying to make him feel nice. where kamala harris is concerned, she was interviewed she did not need to do interviews and that reporter went onto call donald trump a threat to democracy. if you watch the interview she did with kamala harris, she allowed all those to happen and
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kamala harris wasn't attacking her and reporter was attacking him. no, there's nothing serious going on. one important economic question to be asked: are you all better off today than you were four years ago. stuart: that was the reagan question. >> only question that needs to be asked. stuart: yeah. you've got the media research senter and got a study that shows google search results favor harris over trump. amazon alexa came under fire for doing the same thing. how do you stop the left wing push on the platforms? >> you're only going to do that when the government intercedes. 15% of the public gets its information on presidential campaigns based on google. google is deliberately playing with the algorithms to deliberately change the
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electoral count. if that isn't tampering with democracy, i don't know what is. if you want to do something to affect the campaign, make a political contribution within the limits of the law. if this were a political contribution, it would be literally in the billions of dollars of a contribution which would make it illegal. government has to take a look at the google story. stuart: brent bozell, great to have you on the show. come back soon. good stuff. fox reached out to google about the report and they've responded saying this, both campaign websites consistently appear at the top of search for relevant and common sense search queries and looks at a single rare search term on a single day several weeks ago and even for that search, both candidates website rank in the top result on google.
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melania trump speaking out about the assassination attempts on her husband, president trump. >> seeing him on the floor and you don't know what really happened. i think both of the events are rely miracles. stuart: bring you the former first lady's comments in full. donald trump says must help the fbi decrypt the phones of would be assassins and why did they dig into that with congressman carlos gimenez next.
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tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. stuart: coming up at 11:30 and
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any moment federal prosecutors are going to speak after new york city mayor has been indicted on criminal charges. they're expected to detail those charges and we'll bring you the latest headlines as they come to us and bottom line here is new york city in crisis. now this, people will worry that self-food kiosks at fast food chains will be job killers. lauren simonetti is at a shake shack in kansas city. is that the case? reporter: it's shocking because it's counter intuitive and fast food employment increased by 400,000 workers between 2017 when we first started minimum wage increases through the pandemic, through technological advances and 400,000 between then and now and i found that downright shocking. the kiosks are not just popular and they're a staple at many fast food chains and we're at shake shack, this right here is
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the only place that you would go, stuart, where there could be, there's no one there right now, you go to pay with a human when you want to use cash or redeem a gift card. everybody else and i literally nationally at shake shack, more than half of customers, close to three quarters use these i pads. thanksgiving these are the self-serve kiosks and people are starting to use them coming in at noon at lunchtime here in new york city. they find them user friendly and find them efficient. listen. >> you're not waiting for a person to prompt you and say would you like this or that and we made it is ampler and smoother experience and people enjoy that and end up adding more. reporter: how much more? >> it's between 10 and 20%. reporter: on average 10-20%
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more. did you hear? just from a kiosk and that's one of the ways the restaurant pays for the technology and keep the human workers through the advancements and how to settle that it's not a home run and customers complain they're cold, they're confusing and sometimes have to bring human over for help. that's the read of the situation. we're embracing technology, stuart. back to you. stuart: yet to embrace kiosk from you. reporter: that's why i showed you your place, no line where the human was. placing your order. stuart: thank you, lauren. a lack at markets and 188 points up for the dow and 53 for s&p. modest rally and stock pick and call and scientific.
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>> this may shock you and i'm not a big fan of bitcoin. here's one thing, if you look at bitcoin and computing power and guess what else needs those two? artificial intelligence. what they do is wisely using all their data center to mine bitcoin and now they're starting to off load that to ai services and they're using something to monetize 100% of computing capacity and guaranteed power supply and this is something up roughly 30% on the backs of bitcoin prices and on the back of signing strategic partnership. stuart: $12 a share going to what? >> $12 a share and going to the sky's the limit and a $20 stock make it is fairly valuable. stuart: 60% gain in 12 months. lou, thank you very much indeed. wall street journal report that had china-linked hackers breeched internet providers and
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it's the salt typhoon cyber attack. florida congressman carlos gimenez is joining me now. you introduced legislation to combat china. how do you stop these cyber attacks from china? >> you're not going to top them but we need to deter them as much as possible and detect them as much as possible and have offensive capabilities and they do attack us, we have a way to get back at them. agencies headed in order to combat and develop strategies to make us more resilient and resistant to the types of cyber attacks. stuart: i take it we're cyber atabbing them, are we not? >> we should be. it's tit for tat. we don't do the same. we're not as offensive as they
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are. they go after our corporation, et cetera. it's illegal so therefore we're in -- when we do it, they may be deemed as not doing the right thing. i'm not sure we're doing the same thing to them to the same ex-tent-like structure as we are but i'd hope that we'd have the capability one day that showing them if you're going to strike us hard, we can strike you harder. stuart: congressman, donald trump is calling on app toll decrypt the phones of his would be assassins. watch. >> in the second case the assassin had six cell phones in his car, yet the fbi has like wise been able to pen strait their guard. shouldn't be tough to do, but they must get apple to open the foreign apps and they must get apping to like wise open the six phones from the second lunatic. they break into apps all the
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time. stuart: congressman, why hasn't the phones been decrypted? should apple be forced to help? >> apple should do it, i'm not saying that apple needs to do it on a very wide basis, but on this case it's very specific and guardrails on it and, yeah, apple should help this. is a matter of national security this. is attempted murder of an assassination of our former president and a current presidential candidate and, yeah, apple needs to step up and help the fbi any way they can. they're wherever. >> there's a one-on-one and we sat down with apple ceo and claimed even he can't do it. do i believe him? eh, probably not. i think that apple could
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probably do it if they really wanted to but they don't want to tell anybody they can't. tare now looked@being soup, super private and that's the definition of apple stepping up and helping the fbi. stuart: congressman gimenez, thanks as always to help us out. melania trump speaking out about assassination attempt on her husband. ashley, how does she react? ashley: yeah, sleet shock of course and former first lady spoke with "fox & friends" and described the moment she saw the assassination attempt on her husband in butler, pennsylvania. listen to this. >> when evidence of infection saw it, you know, nobody really
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knew yet because you see him on the floor and you don't know what really happened. i was in new york city actually and i saw it on the television and i saw it on television. i called again and he was okay because secret service were great. i think both of the events, they were it's like the coup triple-demic really needs him. ashley: her self-title memoir melania is released next month. stuart: donald trump worried about the postal service ability
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to handle all the ballots. we'll explain. mark cuban continuing crusade against gary gensler and wants him out from the sec. >> someone needs to replace gary gensler, he's awful. particularly for crypto and businesses in general. a number of companies l be decimated. stuart: would cuban be open to replacing gensler? tell you what he said about that, next. ♪
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stuart: mark cuban was asked what role he'd take in a harris administration. what did he say, ash? ashley: head of securities and exchange commission. the pro crypto billionaire we know is no fan of current sec
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chair gary gensler. going for sec and going for the sec and maybe hhs and gensler is awful for crypto and more. ashley: cuban endorsed kamala harris claiming the vice president is a better ceo than donald trump but i'm not sure what that's based on and i don't know if she's ever run a business. stuart: thanks, ash. lou basenese, what do you think of mark cuban heading the sec a?>> this industry, we're direcy impacted by this and 10 month
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take for disrupt the company public and going back and forth for the sec time and time again and that's maybe anecdotal for our business and mark cuban on the number of public and going for him to take office in 2021 and that's a travesty because this is a man that spent 20+ years at goldman sachs and 25 years in business and forgotten what it takes to be pro business and antibureaucratic and i don't know that anyone would disagree. anyone is better than gensler. stuart: tell us how you really feel. >> i don't want to sugar coat it. do you want that? stuart: no, not at all. >> it's the regulatory enforcement body of sec. maybe i should have taken that and going for them. stuart: thanks, lou. now this, the house is questioning the postmaster general on his ability to handle mail in ballots.
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alexandria hoff is with us. >> last presidential election he was only on the job for three momonths and it's ever sight and enhanced and going to separate that and expedites them and still a major concerns being raised around training for election and increased in mail return and undeliverable and affects ballot roles and even during the pandemic in 2020, election mail delivery was a success. here it was a short time ago. >> 99.89% of the ballots from voters to election officials within seven days. our recommended common sense time frame for ballot return by mail. we will be even better prepared for 2024. >> he's saying you have to mail them out a week ahead of time to be safe. while former president trump has criticized the usps feeling that it's more vulnerable to voter fraud, the cycle he's urging supporters to cast a ballot by
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any method as is his running mate. >> i don't love this country went from election day to election season but it is what it is, and we've got to play by the rules that are set. use early voting, use mail in voting. use voting on election day, whatever you can to get out there. >> some states are trying to hammer out rules in pennsylvania and left leaning groups seeking to prevent undated ballots from being thrown out. that requires dating on the outside of the envelope set in place by a majority of states, stuart. a sense of the market. dwight of guy buying and plenty of green on the screen and dow up half a percentage point and 42,138. that's the level.
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now this, eric adams indicted on five corruption charges but he insists he's then. >> i look forward to defending myself and defending the people of this city as i've done throughout my entire professional career. stuart: well, joe borelli is the leader of the minority council and he's coming up after this break. things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. - when did doing business become more about culture wars and less about well, business? some companies today bring politics into the boardroom,
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>> new york city mayor eric adams indicted on five federal criminal charges and cb cotton live outside the courthouse and take us through these charges, cb. reporter: hi, stu. new york city mayor eric adams continues to say he's innocent and facing five total counts of bribery, wire fraud and seeking illegal campaign donations and the indictment more than 50 pages long and focuses on adams' connections to turkey and allege that had adams, for nearly a decade, accepted luxury travel
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benefits from wealthy foreign business people and at least one turkish the court document said he accepted prescribes from coconspirators and adams took steps to hide the paper trail and they say adams was told by one coconspirator to repay the bribes and pressure fair department officials to sign off on the tubbish government and
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competitive adams suggested he was a victim of political persecution and denied all the allegations after -- denied all the allegations and says he has no plans to step down. >> my day-to-day will not change. i will continue to do the job for 8.3 million new yorkers that i was elected to do. and the 300,000 plus employees of our city government will continue to do their job. reporter: so investigators work first came into public view last november when fbi investigators raided the home of adams chief campaign fundraiser and days later the mayor's phone and ipad were seized and this summer adams and several others tied to the election committee were served federal grand jury subpoenas. while adams has said as you
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heard he has no plans to resign, if he does step down before the end of his term, he'd be replaced by new york city public advocate williams that would be responsible for setting up a special election. stu, back to you. stuart: cb, thank you very much indeed. we're joined by the new york city council minority leader, joe borelli. joe, adams and his administration are virtually collapsing. this city is in chaos. what would you say to the mayor of new york? >> look, i'm shocked to start there. i mean, this hasn't happened in -- ever in the history of the city of new york. we've had 110 mayors and done through tama ni, hall, boss, tweed and all the characters and he's the first mayor to be indicted while in office. i read the indictment in part. it's not a terribly strong case, so i'm not going to call for his resignation at this point because as cb cotton pointed out, the resignation would
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actually trigger a far more liberal and progressive acting mayor to take over the city, and would probably set up a far more progressive candidate to go on and win the general election. if you're wondering why the republican leader is not chomping at the bit of this happening is because this only gets worse for new york city. stuart: i'm also hearing the next election if adams is not running or if he's not going to win, andrew cuomo might step forward and a possible winner of mayor election. what do you think? >> he's using that breath of air on his finger to make every judgment possible. he sees an opening, and he'll need a fairly wide opening given the fact that so many of his own employees over the years even in state government were indicted and convicted on corruption charges and the harassment
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charges that the attorney general found against him. stuart: the chaos continues, there's no way around it. >> no, no, and it's not going to get better any time in the near future. this won't be settled in new york until really the general election that'll take place in november of 2025. that's when we'll see a mayor, wherever that may b take over for a full four year term and hopefully come up with agenda. i fear this is a opportunity for the left more than the center. stuart: it's a great city. i've lived here for 40 years but a shame to see what's happening. joe borelli, thanks for joining us. appreciate it very much. thank you. now let's really change the subject, shall we. this is the thursday trivia question. it's the ultimate day of capitol trivia week. what's the capitol of ghana? the answer when we come back. ♪
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research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. stuart: the trivia question of this thursday morning. what is the capital of ghana. are your choices? corner creek? do car? do you know what is the capital of ghana?
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ashley: i do because of football. quite a few ghanaian players in the league. it's number 2. accra. stuart: okay. you say number 2. what do you have? >> i understand you pay for right answers. do i pay you if i get the wrong answer? i will go with ashley. stuart: you got it right. accra is the capital of ghana. what is the other one? guinea, what is the other one? i've forgotten. 5 million people live in the capital of ghana. thanks for sticking around the. good to see you. we have ten seconds left. i will do a little tap dancing. "varney and company" is winding down. what do you think of the show this week? sent it to varneyviewers@fox.com.

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