tv Varney Company FOX Business September 27, 2024 9:00am-10:00am EDT
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nasdaq, the s&p 500 all positive right now. rebecca, final thoughts. >> we'll see, maria, pce is good, but i just want the say to the all the victims of helene, you know, we're thinking of you, and you know, let's just try to the get this -- these hurricanes under control. i know it's impossible but, wow. maria: mike, so much going on. we're -- going to wait for that that arraignment of eric adams and and, of course, watching this race so closely. final thoughts. >> more to come on the investigation, more to come on the departures from the administration. big with question is, can this administration if still do the job with of protecting the city of new york with everything going on in the administration. maria: yea, that's a great point especially given if he steps down, the alternatives are not good. rebecca walser, michael balboni, is have a great weekend. thanks for being here. i will see you tonight on maria bartiromo's "wall street." stu, take it away. stuart: good morning, everyone.
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yes, it is a big day today to. the election's 38 days away, and the candidates are campaigning hard. kamala harris goes to the border for the first time in three and a half years. she's likely to blame trump for the migrant mess. she'll point to the decline in border crossings recently, and she may claim success in fighting fentanyl, but it will be hard to get around the 8 million migrants who have come across on her watch compared to the 2 million under trump. big meeting today between zelenskyy and trump. he's often said he could end the war very quickly. the administration agreed the send $8 billion worth of advanced weapons the ukraine. new fox polls show a very tight race. trump is up 3 in arizona. that's a border state, of course. harris a leads in georgia with by 3 points. who and how will either candidate break out? to the markets, there is some reaction this morning to the latest reading that shows inflation easing. the personal consumption expenditure index, closely followed by the fed, up just 2.2
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over the past year. investors kind of like that. dow's up 700 -- 700, nasdaq -- 70, nasdaq up 28. bitcoin at $65,7000, gold hovering around $2,7900 an ounce. the yield on the 10-year treasury coming down, back to 3.75%. same story with the 2-year, down a little, you're now at 3.59 percent. as for oil, it's well below $700 a barrel, it's at $67. gas, $3.222, no change. diesel, $3.58, no change. on the show today, about a half hour from now benjamin netanyahu addresses what is likely to be a hostile united nations general assembly. he's already being greeted by ugly demonstrations, protesters chanting we're going the get you. mayor eric adams scheduled to appear in court later odd to, charged with bribery. "the new york times" demands he
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resign immediately. he says it's a political prosecution, and he's going to stay and fight the charges. if he did resign, his job would be taken by a socialist, far to the left of eric adams. and we'll bring you the latest on hurricane helene. it was a monster. it was a cat four as it made landfall, more than 3 million without power. it was still a cat one when it hit georgia. it is now a tropical storm drenching everywhere it passes. it is friday, september 27th, 2024, "varney & company" is about to begin. ♪ ♪ stuart: shining star. not sure the relevance of that in any particular news y. i like
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the song, of course, and there's a deserted sixth avenue in -- lauren: that is pretty decentered. [laughter] stuart: it is. let's start with the latest inflation report. this is important stuff. we've just received the latest pce number. inflation if is moderating. is that right, lauren? lauren: i'd agree with that. 2.2% is what the fed pegs their 2% inflation target to. it's the lowest since february of 2021. this is another sign that inflation is cooling, and it lets the fed focus more on the jobs part of their dual mandate. core pce rose in august a from last august. it came in at 2.7% as expected, but it increased. that's the measure the fed prefers, and and it does suggest that the job on inflation isn't quite done yet. so calling it a mixed bag. fed's next decision, two days after the election. stuart: and here's what futures are telling us, green on your
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screen. 81 up for the dow, 33 up for the nasdaq. kyle wool looking at the inflation report this morning. welcome back to the program. inflation is cooling, interest rates are down, the economy's expanding roughly 3 rate. it looks like aally to me. what say you? >> i agree. and i think this particular pce is very important. this is what the professionals look at. this is the most important one to the fed because this shows what the consumers are actually spending in the united states' economy, right? and they were looking for this number. and i think this is going to help them continue to cut interest rates. i think they're going to be able a to do it in an intellectual way, at a quarter basis point at a time and not have to do another 50 right away, and i think this will lead the rally because you have the technology companies and the big industrials that say, okay, rates are not going up. they can begin to factor their capital and their cost to capital which i believe will lead to more n and a activity -- m&a activity and more n. ses if
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in some of these merging a.i. companies. i think the market will rally into the election and possibly beyond if we get a good election result, stuart. stuart: okay. what would be a good election result to you in give me 30 seconds on that. >> well, stuart, i am a fiscal conservative, i would like to see the republicans have the senate back under control. i think kamala harris -- i don't know what her economic policy are because she hasn't told any of us, so she's or worrisome. i wouldn't mind seeing a republican back in the white house. stuart: okay. the rally continues up to the til the election and beyond if the right person wins. great to have you on the show, kyle, see go who later. -- see you with later. new fox polls on two key battleground states. what are voters saying in georgia and arizona? lauren: it's anyone's game. arizona first. trump's ahead by three points here, 51-48. the biggest issues? surprisingly to me, it was preserving democracy. that was followed by inflation.
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immigration came in third as a kamala harris will go to the border there today to. for georgia, harris is up by three points. it's 51-48. same top issues, but they're in a different order. so inflation overwhelmingly the top issue there, but preserving democracy and immigration then coming in third. both polls are with within the margin of error, that's why i said it's anyone's game. but together those two states have 27 electoral votes, so if you're playing the electoral college game, you've got to get the right swing states. stuart: yes, you do. will cain with me this morning. to me, looks like a dead heat, but my question is, how can trump or harris break out? >> we always operate like that's going to happen, stuart. we have the term october surprise. i'm not sure we should play like the rules of the past half scenery apply to 2024. you know why? voting's already begun. i mean, i don't know how many states have already opened up early voting, so what you're seeing where where we are today might be where we are one month
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from now. just to build on an interesting conversation both with lauren and with kyle, kyle, you asked kyle what would be good for the economy, what election result, and his answer was he doesn't know where kamala harris stands on the economy. and then lauren gave out to you there what's most important to the voters. for me, by the way, i don't know what preserving democracy means. i don't know, is that people all suggesting donald trump is a threat to democracy or does that also include people on the right who are concerned about election integrity? i've never understood that as a polling question. but the number one issue i hear about always, stuart, is the economy. and for kamala harris, if he remains a mystery becomes or you have to fill in the gaps because you're not sure, well, then i think you're going to see her base deteriorate among independents or it's going to be, to a answer your original question, where we are today and where people are probably voting in early voting today to. stuart: yep. all right, will, i want you to listen to the white house dodge questions about kamala harris'
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gun. watch this. >> reporter: what kind of gun does the vice president have and when did she buy it? >> that's something for her office the speak to. >> reporter: the reason i'm asking is because you have this event today, but the vp, as district attorney, sponsored proposition h in 2005 that would have banned handguns within san francisco and required that residents turn in the handguns that they already owned by a certain deadline or face mandatory jail time. >> when it comes to the vp and owning a gun, she can speak for herself, the campaign and her office can peek for that. i'm not -- that's for them to speak to. stuart: will, kjp didn't look too happy with that question. why is it so difficult to answer a very simple question? >> you know, kjp doesn't -- she is the most front-facing person that has to to answer for kamala harris who is not officially associated with the campaign and candidate of kamala harris. and i'm sure she's frustrated because the mandate has probably
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got to be, don't answer. which she should be practiced in, she's been doing it for years for biden. but this would apply to guns. those were great questions there by jacqui heinrich. it would apply to fracking in pennsylvania, it would apply the reparations, is she in support of reparations? we know she has been in the past in support of reparations. it would apply to the border. are you the person who left the border open for three and a half years and now acts like you would with the -- you would be the person to build a border wall? if this is her candidacy, it's to remain a mystery, and it's karine jean-pierre's job, i guess by default, to keep up the mystery. stuart: tough to do. will cain, see you later. see you on the show. thanks a lot. now to the latest on tropical storm helene. it was a category four as it made landfall, more than 3 million are now without power. 3 million people. if it was still a cat one when it hit georgia, but it's now
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been down traded to the tropical storm. we're going to bring you the latest on really an extraordinary event all the way through the show. and, by the way, join fox forward support of recovery efforts, visit red cross.org/fox forward or scan the qr screen on your screen if you wish to support these efforts. coming up, cnn's casey hunt saying this about trump and harris' dueling economic policies. >> kamala harris is saying we want to do this through tack credits, you know, donald trump is saying we want to do this via tariffs. >> harris is the republicans in this scenario and donald trump is the liberal in terms of the nature of the policies. stuart: tammy bruce has much more to say on that, for sure. thousands of pro-hamas protesters marched through manhattan ahead of netanyahu's address. a menacing crowd gathered outside his hotel chanting, "we're gonna get you." the latest on that next. ♪ if. ♪
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stuart: futures pointing the to a modest rally this friday morning. moderating inflation is helping investors buy some shares today. dow up 85. israel officials met to discuss the proposed, a proposed ceasefire with hezbollah. nate foy joins us from tel aviv. what's the lathes on all this, nate -- latest? >> reporter: hey, stuart, good morning. ahead of prime minister netanyahu's to speech at the u.n. this morning, israel is mobilizing two additional reserve brigades as they surge resources to the country's north as they prepare for a possible ground incursion into lebanon. prime minister benjamin
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netanyahu says israel will continue striking hezbollah with full force and will not stop until it is safe for israel's northern residents to return home. netanyahu authorized an airstrike while flying to the united states that killed a commander who led the terrorist groups' drone unit. netanyahu is also walking back comments that he didn't respond to an american-led effort for a 3-week pause in the fight. his office says this morning, quote, our teams met to discuss the u.s. initiative and how we can advance the shared goal with of returning people safely to their homes. we will continue those discussions in the coming days. meanwhile, israel's northern city of haifa is under attack this morning with hezbollah rockets while tel aviv was targeted with a ballistic missile for the second time in three days. but this time, stuart, it was fired by the houthi rebels in yemen. take a look at this. [background sounds] so israel's arrow missile defense system shot the incoming
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missile down just after midnight. there are no major injuries reported as a result of this. while israeli airstrikes in lebanon continue this morning, lebanon's health ministry says at least 25 the people have been killed so far today, so we'll see what netanyahu says this morning, just one day after israel received an additional $8.7 billion in military funding from the united states. stuart? stuart: all right, nate, thanks very much, indeed. benjamin netanyahu will give his address to the united nations just minutes from now. last night outside his hotel protesters chanted, "we're gonna get you," this is in new york city. missouri congressman mark if alford joins me now. how do you think netanyahu's going to be received at the united nations today? he's rejected this ceasefire proposal if. >> well, i think pretty much the same way he was received when he came the speak before a joint session is of congress. some people didn't show up. the squad didn't show up. there are people in america who hate israel, who hate benjamin
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netanyahu, but we are defending them, we are helping in their self-defense. they have every right to exist. they have neighbors on all sides who want them dead, and we've seen this with hezbollah funded by the $16.5 billion worth of sanction money that this current president released and is now funding this aggression towards israel, and israel is fighting back. stuart: we don't seem to be firmly behind netanyahu, do we? as in, america. >> well, the republicans certainly are, and i through -- think there's some democrats who are. the problem is this president, we have authorized and appropriated the money to help with israel's finishing off hamas in the gaza strip, and look what happened. the president held those arms at bay in the mediterranean and would not let are netanyahu finish the job. just like biden is not giving up the weapons in a timely manner to zelenskyy the let him win this war. stuart: well, i was going to refer to that. trump and zelenskyy, they're going to the meet today.
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if we are, indeed, preparing to send another $8.7 billion worth of weapons to ukraine. do you approve of that new aid, congressman, or are you in the camp that says, look, don't give them this aid because we don't want to be in an end endless war? where do you stand on this. >> this is the last of the presidential drawdown money, some $70 billion now in total, over $250 billion in humanitarian aid, usai aid and this presidential drawdown authority. this is a last ditch effort to basically draw on that line of credit like the president has the authority to do and and get those armaments to zelenskyy. the problem is, stuart, if this president, this failure of a president had let zelenskyy have the f-16s, the attack 'ems, the the abrams tanks early on, this would not have lasted over 900 days now. putin would have been pushed back, but biden has chickened out in this war.
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stuart: we, are we okay -- are the republicans okay with using american weapons to attack and strike deep inside russia? are the republicans okay with that? if. >> well, look, i think the one thing that we need is a clear definition of what victory looks hike. and it's not working fighting them at the front. zelenskyy, i can't get into classified briefings in that we had this week, but this is a new phase, basically, with these weapons that have now been released that are going to be able to go deeper into russia. why is it that russia can go deep into ukraine, but ukraine cannot retaliate and go back into russia and try to strike some of these places where these armaments are being fired from? stuart: well, perhaps we are afraid of what russia would do if they're attacked deep inside russia. i guess there is some risk there. >> welsh there's always risk. -- well, there's always risk. look, putin is a bully. bullies gravitate towards
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weakness. they take advantage of that. biden is a weak leader. ed had trump been in office, this never would have happened, this war never would have started. and i guarantee you once trump is elected on november 5th, on november 6th there's going to be action towards settling this. stuart: got it. congressman alford, thanks very much for joining us. >> thank you. stuart: this is an interesting story. china tried covering up a military setback, and it was a big military setback, in my opinion. what happened? lauren: huge. china's newest nuclear submarine sank in dock and then china tried to cover it up. this was over the spring. u.s. officials used satellite image ifly of a chinese shipyard to detect that the submarine was, a, there and then, b, missing. obviously, china is trying to build up their navy to rival the u.s. and counter any potential u.s. assistance that could come if the u.s. happened to come to taiwan's defense, right? look, we don't know much. was any if nuclear fuel in that
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submarine? that looks to have sank in the water? stuart: no idea. lauren: we don't know and china won't tell us. could you imagine if that happened in san francisco? stuart: can you imagine the american navy losing a sub in the docker it's just been built, and it's at the bottom of the ocean? that's not good news for china. lauren: no, it's not. black eye. stuart: check futures, please. friday morning heading up to the opening bell. i see green. dow up 70, nasdaq up 39. we'll be back. ♪ she was like, oh, my god, this is my song. ♪ i've been listening to the radio all night long. ♪ sitting round waiting for it to come on -- ♪ and here it is ♪ (♪) (♪) (♪)
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stuart: three minutes to the opening bell, modest rally coming up. dow's up 76. mike lee's with us this morning. we got the pce inflation number this morning, up 2.2 over the last month. that's moderating to some degree. rates are down, profits strong. the economy's growing 3. looks like a rally to me. what say you? >> yeah, stuart, i think this data reading gave the fed everything they need to continue on the course that they have basically precharted.
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so i think we're going to get another 50 basis points at the next meeting, if not, 25 and 25 before the year end. so i don't think this moved the dial on anything. however, super core inflation is still tracking at about 3.4%. is so i don't know that this inflation is, the problem is, quote-unquote, solved, but i don't think we're going to change anything going on with the fed or the market with this reading. stuart: tell me, please, what's happening with palantir. everybody's recommending it. everybody says buy it. what's the reasoning? >> stuart, in my 25 years this is the best stock i have ever seen. we are at a moment in history where the world is changing in terms of how data's processed and technology is received. and palantir was funded by the cia in 2003, and they've been working with a.i. for over 20 years. they have a software that can sit on top of any company's
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system and process the data that they need. it's nice to have what they call these large language models, the things that nvidia chips are processing in the cloud with microsoft and amazon and google. but without a software to implement it, without some way to process that data, make sense of it into an actionable dashboard, they've made -- they've done unbelievable things with places like the nhs from your homeland in the u.k. up to cedars-sinai in the bronx. there is nothing like this company that i have ever seen in my history of the market. they've only -- their revenue's just under $3 billion for the last 12 months, but there's an enterprise resource planning, erp market, is $70 billion a year. palantir could take over the entire thing. they have a superior product that takes a fraction of the amount of time to implement. you need a software for the front end of your a.i. implementation. palantir or is so far ahead of anyone else in the market, the
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sky is the limit for the stock. i think everybody needs to own it. stuart: you like it, obviously. you said it's the best -- [laughter] opportunity in all your years of following the market, better than nvidia? better than microsoft? really? >> stuart, this, you know, this is like buying nvidia 18 months ago, all right? and it's software. it's not hardware. so think about windows, you know, in the '80s and early '90s. it's an unbelievable technology. it's trading at an astronomical valuation, but that's because the opportunity set in front of it is so large. i've never seen a company this spectacular in my entire career. stuart: well, you're on videotape saying that, and we're going to play this endlessly -- [laughter] but that's quite a recommendation. mike lee, thanks very much for joining us. you've made a lot of people very happy, i think. >> thanks, stuart. stuart: i think. the market is now open. he presses the button, we're off, we're running. the dow industrials opening with
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a gain of over 100 points. again, favorable financial inflationary news this morning, and as you look at the dow 30, most of them are winners. you've just got 6 or 8 on the downside. the rest are on the upside. dow up 100. the s&p 500 also opening higher. a gain of .16%, not a huge gain, but the nasdaq composite, where's that? up .22. again, 18,230. how about that? we'll show you big tech across the board, they are up except for microsoft which is down 10 cents. amazon down 600 cents, but appl. apple, meta and alta bet are up. -- alphabet are up. intel, they've been moving recently, they are racing to finalize $8.5 billion worth of funding from the united states government. by when? lauren: year end. >> remember, this was part of the preliminary agreement that they reached back in march, but it is contingent on making sure intel doesn't sell off or sell
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some of itself to other companies. they're trying to keep intel intact as it is right now in order to get that deal for about $8.5 billion by year end. stuart: okay. $24 a share. a couple of weeks ago that thing was at 18, so it's really gone up. costco. i know they reported after the bell yesterday. the stock is down this morning, what went wrong? >> membership fees up just slightly, same-store sales also missed, but i have are a really good nugget in here for you. the little gold bars? selling like hot cakes. the cfo saying that there is so much channel, it's a huge tailwind for their e-commerce business. if you want a little piece of gold which is at records, those little gold bars are like little diamonds in the rough for them. stuart: a nice gift for one. >> i'll take one for christmas, stu, thank you. stuart: i want to talk about the weight loss drugs, the drug makers. they seem to be losing a little steam. >> yeah. novo nordisk is one of them, off about 3.5%.
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a jpmorgan analyst came out and said wegovy sales look a little bit light, it was the reason for the miss in the second quarter. so still these are incredible companies who are innovating, but wegovy's one this analyst is looking at, but he does maintain his overweight on the stock. stuart: what's this about apple rolling back its plan if for releasing movies? >> so the good news is they still want to spend about a billion dollars on the movie division, but they're just changing the strategy for the rollouts. so they used to really want to do these big blockbuster rollouts in theaters. they're now thinking just not getting a lot of wins there, so they're going to go back to releasing on their streaming service. stuart: ap apple's still at $2228 this morning, 229. who just sold their stake in djt? if. >> wes moss, former apprentice star, part of a venture called
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united atlantic venture. they sold about 11 million shares. we just got the filing. remember, the lock-up period expired a week ago. don't worry, donald trump, the former president, still owns about 56% of the company and now no indication that he has sold anything. stuart: got it. show me salesforce, please. dan ives' wed bush raised his price target to what? >> 325 from a 315. still a big premium to where it's trading now. says that he's gone through all of his checks, and a lot of customers are still using salesforce. they're rolling out a lot of their a.i. products, finding efficiencies in there. stuart: got it. google, they're going to build two new data centers. everybody's building data centers this year. where are they going to build them, and do we know how big they are? >> $3.3 billion investment. in south carolina. all of this really shows, look, it's going to create about 200 jobs, but how invested big tech is on data centers, and they're
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not really worried about the cost at this point. this is a clear investment that they're hoping will pay off in the future. stuart: i want to know where they're going to get the electricity there to power these giant data centers. >> maybe nuclear, right? stuart: maybe. but that would take a long time to intall. taylor, thanks very much, indeed. quick check of the big board, we're up 127 points, just shy of one-third of 1%, 422,300 -- 4222, 300. dow winners, intel now reaching, $24.39. dow inc., chevron, am zen, home depot. -- amgen. the s&p 500 topped by walgreens boots, wynn resorts, lou lieu lemon, etsy incorporated. -- lululemon. the gaming stocks are doing well because of the chinese stimulus program. that really helps macau. tesla's at $258 this morning.
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the 10-year treasury yield coming down just a little, 3.76%. the price of gold, pretty close to $2700 an ounce, 2691. bitcoin, $65,000 and change. oil, $of -- 67 and change. nat gas, just over $2. that's u.s. dollars per bitcoin, $65,600. gas, no change in regular, $3.222. in california regular averages $4.71. coming up, in the tight race for battleground states trump and harris are virtually tied in arizona, north carolina and georgia. what will it take for either candidate to just break out of that? lisa boothe on that. remember when harris was in favor of defunding the police? >> defund the police. the issue behind it is that we need to reimagine how we are creating safety. stuart stuart she's tried to reimagine herself as the law and
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order candidate. wouldn't that be something of a turn-around? leo terrell will sunday off on it. trump criticizing harris over her last minute if border visit, and then he made this promise -- >> she's called the grandmother of sanctuary cities. i'm going to terminate all sanctuary cities. sanctuary cities are sanctuary for criminals. stuart: interesting. can a president end sanctuary status in cities is and states? border guy, lieutenant chris oliveraz, next. ♪ in another life i would be your girl. ♪ we'd keep all or our promises, be us against the world. ♪ in another life ♪
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daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. stuart: all right, we're ten minutes into the trading session, dow is now up 175 points. most of the dow 30 are in the green, and some of those stocks
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are sharply higher. dow's up 177, fractional gains for the s&p and the nasdaq so far. texas governor abbott, he's calling eling paso ground zero when it comes to that venezuelan gang, tren de aragua. brooke taylor is there. why are officials zeroing in on el paso? >> reporter: stuart, the reason why you're hearing el paso and authorities talk about this being a hot spot is because more venezuelans are coming across the border here in the el paso sector both legally and illegally than anywhere else across the border a. that's according to cbp data. just in the last few days border patrol arrested this tda gang member, nationwide 23 members have been arrested by border patrol this fiscal year. and that number, it might not seem like a lot, but dps says the number of suspected members are is much higher than that. the most difficult part is actually being able to con
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confirm those gang members. we drove around with lieutenant the elizabeth carter. he tells us she's seen her fair share of tda activity in the form of chases with smugglers and stash houses. texas dps is creating a database from scratch to help verify those tda members. >> when it comes to the tda gang, when you hear sex trafficking, human smuggling, drug operations, it should be concerning just like any other crime in our community. this is very alarming because they're coming across our borders. >> reporter: governor greg abbott said more than 100 suspected tda gang members are also involved in the el paso riots we saw back in the spring when hundreds were caught on camera, you may remember, storming the border and assaulting the texas national guard. a judge dismissed hundreds of the charges, and dozens were released. we sat down with the el paso district attorney, bill hicks, who says they've charged two tda
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members from those riots. >> it's important to understand that tda isn't staying here in el paso. the tendrils of tda are spreading throughout the country. this is a nationwide problem, and the entire nation if needs to understand that. >> reporter: and right now texas governor greg abbott offering a $5,000 reward to any information that leads to the arrest of a tda member. stuart? stuart: thanks, brooke. now listen to what trump had to say about a sanctuary cities. >> she's called the grandmother of sang. [applause] ware -- sanctuary cities. i'm going to terminate sanctuary cities. they're sanctuary for criminals. they're sanctuaries for criminals. she should save her airfare, and she should go back to the white house and tell the president to close the border. he can do it with the signing of a, just a signature and a piece of paper to the border patrol. stuart: all right.
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texas public safety lieutenant the chris oliveraz joins me now. can a president just order cities and states to abandon their sanctuary city status in. >> good morning, stuart. i think that's going to be a tough challenge because for the most part these sanctuary cities or states are governed by their own local government as well. the city mayors, they set those procedures in place for their cities. now, of course, doesn't mean that the federal government can also end federal funding to some of these cities or states or programs. they could put pressure on some of these cities and statements to end their sanctuary status. of course, we know when they have sanctuary status, it does provide incentive for illegal immigrants. we've seen that over the last three and a half years, the situation we've been dealing with right now on the border. but, of course, at the end of the day it's not so much sanctuary status that's attracting these illegal immigrants, but it's the fact there is no policies in place to prevent them from making that journey from their country, and now when they're being are
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released regardless where they're at, they're still being released into the country either through direct flights, between ports of industry or through the use of the cbp1 app which is a complete fraud. i think it's going to be an uphill battle. i think it's going to require a hot of legal challenges, maybe even congress to get involved. but at the end of the day, we need to stop the now at the border, and then we can actualle border and then take care of the situation in the interior. stuart: how about this venezuelan gang, trend day ago rag what? -- tren de aragua. here in new york they're using migrant shelters to organize their criminal enterprise. how do we get them out when they've been paroled into this country legally in. >> you know, stuart, that's a problem right there. we talked about this, you heard the prosecutor there, you know, this is a nationwide problem, and we've seen that in el paso. especially the amount of venezuelans that have come across the border between the ports of entry.
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also, stuart, you also have to keep in mind, the audience, as well that the federal government is still flying direct flights from venezuela into the united states, releasing thousands of venezuelans into the country right now. not to say that all venezuelans are involved with tda or have a criminal background, but you're going to have a tda presence among those thousands, and we're seeing that right now. in texas governor abbott has mentioned we are going to take charge on this. we have different programs in place, specialized investigators that are part of this anti-gang unit that are going to identify and arrest these tda members in the state of texas because we know for a fact that if we can identify them in texas, we can prevent their presence and other crimes in other countries -- i'm sorry, other states. so so it's very important. but, again, it all goes back to what caused the situation that we've been dealing with for the last three and a half years? it's the federal government not putting stricter policies in place. stuart: and kamala harris will be at the border today to see what she's done.
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lieutenant, thanks so much for joining us. biden is looking to make his asylum rules permanent. what's he doing? lauren: okay, so my grants can only cross at a port of entry with an appointment on the cbp if 1 app. if the number of crossings remains above a certain threshold, biden is looking to cement that rule. the white house thinks that these restrictions led to the dramatic increase in border crossings that we saw over the summer. cbs and the new york times are reporting that biden will make this announcement, take this action as soon as monday to keep those restrictions in place, but the timing absolutely works for kamala harris. she's going to the border today, and she will take credit for the improvements that we've seen on the border and blame donald trump. stuart: that's exactly what she's going to do. lauren: so this all works out perfectly, if this report is true, for her. stuart: thanks, lauren. new york, america's most dysfunctional city. mayor eric adams under criminal indictment charged with bribery, and he says he's not going
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anywhere, he's going to fight. that means new york will have to put up with chaotic government for at least another year. that's my take at the top of the hour. the food industry fired up over kamala harris' price-fixing plan. she's calling for a federal ban on price gouging. what about the rising cost of labor and materials? the full story next. many. ♪ ♪ ok y'all we got ten orders coming in.. big orders! starting a business is never easy, but starting it eight months pregnant.. that's a different story. i ul slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase
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stuart: kamala harris is forging ahead with her price-fixing plan despite criticism from both matters -- parties. madison alworth, what are they saying about the plan there? >> reporter: grocery store owners are saying it unjustly targets them, that kamala harris is placing the blame without evidence. if even still yesterday with vice president harris, she unveiled her 822-page -- 822-page economic plan. on page 15, forging ahead with her price-fixing plans calling for a federal ban on alleged price gouging saying, quote, the bill will set rules of the road to make clear that big
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corporations can't unfairly exploit consumers during times of crisis to run up excessive corporate profits on food and groceries. the campaign pointing to 37 states that already have price gouging rules in effect, vowing to bring it to the federal level. >> i am a capitalist. i believe in free and fair markets -- [applause] i believe companies need to play by the rules. respect the righghts -- [applause] of workers and unions and abide by fair competition. and if they don't, i will hold them accountable. >> reporter: the food industry, though, they are fired up over the issue saying harris is wrong for place fromming the blame on grocers. they point to the costs of labor and raw materials that have all spiked during the biden-harris administration, leading to higher costs. they also note that smaller grocers have been getting especially squeezed with the national grocers' association reporting that privately-owned
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stores saw a net profit before tax of just 1.4% last year, down from 5%. to them, this feels like laying the blame on the wrong people. >> i believe president biden and vice president harris have no clue of what's actually going on in our cities and our states. they should go, look, we have certified public accountants that get paid to do our financial statements. look at our financial statements. if you think you're price gouging and we should be making a lot of money, most of us are losing money. so what do you do then? >> reporter: you know, stu, all in all, groce ifly store prices are up from january of 202211, but grocers say it's not because they're taking home more profits. tu? stuart: thanks, madison. still ahead on the show today, trump gaining ground with women voters. how did that happen? we'll ask lisa boothe. millions are without power as tropical storm helene plows
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through the southeast. south carolina congressman russell fry has the latest from his state. netanyahu addressing the united nations' general assembly. how is he being received? wisconsin senator ron johnson has the story. texas congressman pat fallon will react to harris' border visit. the 10:00 hour is next. ♪ i wear my heart up on my sleeve like a big deal ♪
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