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tv   Varney Company  FOX Business  October 3, 2024 10:00am-11:00am EDT

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medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. stuart: going heavy on the beatles today. i appreciate that. i agree with it. nicer view of new york city, cloudy and son. >> the beatles are from england like somebody else i know. stuart: good morning, everyone, 10:00 eastern, thursday, october 3rd, straight to the money, the dow taking a dip down 267. goldman, unitedhealth, home depot, caterpillar, all dow stocks accounting for half of the dow's 300 point loss. the 10 year treasury yield is
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going up and the market doesn't like it. 3.81% on a 10 year. price of oil going up $72 a barrel. bitcoin not going anywhere this morning. it is at $60,400. just got the latest read on the services sector. this number could affect the market. what have we got? lauren: 54. 9, fifty four. 9, that would be the third month of expansion. it was a jumbled up and call it huge, it was a 3 point jump, prices rose by two points to 59. 4. stuart: no noticeable impact on the market at this point. the magic number is 54.9, 3 months of expansion and the dow is down 250, the nasdaq picking up a little steam, 40 points. now this. with the port strike it is a question of time. the longer it lasts, the worse
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it gets for consumers and the longer it lasts the worse it gets for the biden/harris administration. they have refused to step in the, they won't end. the president admitted to man-made disaster but won't intervened. 's vice president says the workers deserve a fair share of the record profits the shipping industry is making. the union turned down a 50% pay raise. as the strike bites and we feel the impact how long will the administration stay with its no intervention policy. the unions got a lot of attention especially with harold daggett, wealthy guy, new york times reports here $900,000 last year and is talking tough, real tough. he will cripple the economy, he says, and never allow any further automation. them's fighting words. doesn't sound like he's willing to settle anytime soon. here comes the election, just as voters consider their
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choice, shortages appear, fruits and vegetables, holiday gift items, won't be long before there is panic buying, it has started with toilet paper and candidate harris standing with a wealthy union leader who strike is in his words crippling the economy. i don't see. how see but how can a presidential candidate resist the pressure, perhaps an excuse will be found her intervention like a shortage of some key medicines for example or strong arm the shipping company to give the union what wants, anything to settle, anything to avoid blame. the administration has backed itself into a corner. they sought a straight coming months ago, the most prounion president in history couldn't resist walking away and letting the strike go ahead. it was a political mistake. it will hurt harris, they are running out of time to correct that. second hour of varney just getting started.
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top -- todd pyro with us this money, how do you see this thing playing out? i think harris and biden will be forced to intervene at some point? >> you would think but you would have thought they would have shut down the border and put in place a border policy when millions of people literally invaded our country. don't put it past this administration to do the unconventional thing. that said, to your overall point the optics of this as we get close to the election are going to hurt harris immensely because right now you want to side with the common man but then you have stories like the common man is led by a man whose making close to a million dollars, has a yacht about the, the common man is asking for 75% increase. to out here is asking for 75% pay increase and toilet paper even though toilet paper has nothing to do with the strike all the toilet paper, all the paper goods are manufactured in
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the united states, it's the optics of the fact there are going to be shortages on things. it's going to remind people of covid times that if you look what happened in covid they throughout the party that was in charge, donald trump. stuart: i need your comment on something joy reed is claiming, she says democrats want a fist fight kind of debate against trump. watch this. >> i don't think that small narrow group of people wanted to see a fistfight. i think the people who want the fistfight are the base of the democratic party. democrats want to see someone get up there and give a knuckle sandwich to donald trump. that is what they want but that's not the group of people who need this debate. those people who are voting already know what they want. stuart: is she speaking figuratively or for real, knuckle sandwich? >> the fact of the matter is violent political rhetoric is allowed when it comes to donald trump based upon how the mainstream media has allowed it to go on.
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after the first assassination attempt, the fact we have to number the uses insane but after the first one the mainstream media paused for about 30 seconds, they didn't stop the train on the second one. that's what you are seeing here. violent language that many people attribute to being the reason these assassination attempts took place in the first place. if this were any other person than donald trump i don't think this would be tolerated but because it is donald trump it is tolerated and almost encouraged. you can talk about donald trump in ways that dehumanize him, don't make them sound like a father, a grandfather, somebody who wants to lead our nation. when you do that it is a vicious cycle, death by a thousand cuts and it's a situation where it is horrible. stuart: no accountability either. thank you very much. new data shows elon musk donating to republican causes. longer than previously thought. where did he donate to and how much?
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>> $60 million. according to this deep dive by the wall street journal. two years ago musk gave $50 million to citizens for sanity. the money was for ad campaigns, random in the swing states and the midterm is. basically slammed democrat policies like transgender support, illegal immigration and a year later he gave $10 million to support ron desantis's presidential run and each time republican consultants kept musk's name off the donation. now we know musk backs trump. he's financing a path for america pack, the trump campaign raised it $60 million last month but if you take these issues and fundraising together you are seeing one of the richest and most powerful men in the world being elon musk showing his political transformation from moderate democrat to a republican, happened earlier than we
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thought it was more pronounced than we thought. stuart: also acclimate guy who i would thought go with harris and the green new deal but apparently goes with trump. thanks. we've got this reading for the dow but look at the nasdaq, that has turned around. it is up 85 points, scott shalladd a mac. i want to talk about open a i valued at one hundred $57 billion after after a $6 billion fundraising deal. microsoft and nvidia are big investors. what does this tell you about ai? >> it is a transformational thing but as i said in my notes, this is interesting to watch the ai plague, started with the hardware being the poster child of that but we've had some guests on, that seems to be cooling or coming off the boil.
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is a good trade but the next generation and that lifecycle of traders to the software so we moved from hardware into software and interesting to see the hardware guys get involved in that next-generation trade because ultimately you will start to cool it software, the excitement will be deployed to firms that are deploying the type of ai in their own firms with our customers so probably a 5-year deal, interesting to see how it is moving here, leaving the hardware space into the software space and i think it's amazing and is going to be a pretty exciting -- i'm not one that runs from the technology. i got displaced by technology, you need to adapt to survive. i'm no longer on the trading floor because you don't have guys in jacket yelling and spinning all day. you are seeing it happen with ai as well. stuart: i like your take on it
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but is there a company, a stock that you invested in specifically because it is an ai stock? not yet. >> nvidia is too high for me but i like palantir. a friend of mine, mike lee has been on your show, he likes that a lot. i'm waiting for a 5% pullback and that is what i want to jump into, something in that software space that will deploy the artificial intelligence to the retail space and launch those firms as well as their customers. stuart: on this program, your friend and our colleague, mike lee, said that palantir was the best investment opportunity he has ever seen. i guess he said that to you too. >> got some good company. it is pretty exciting. as far as a few others who will be out there, right now got to go with the big guys, the
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nvidias of the world and palantirs of the world, that will pay the bills in the short-term. they are the ones getting north of that. we won palantir is up 3.8% today. you guys have something to do with that. thanks for joining us, appreciate it, see you soon, looking at the movers, lauren has the list. start with ev gains. lauren: ev chargers up 42%, department of energy gives them a loan for one billion dollars to set up their infrastructure across the country. severally jpmorgan says they are a by. stuart: 40% higher on a day. southwest airlines. lauren: citigroup says shares will jump 6% to yesterday's close. they say this is one of the strongest airlines if you look at the balance sheet in a global industry, up 3%. stuart: no longer a cattle call to get on southwest. know -- it's going to be. they have assigned seating
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arrangements and premium perks but don't start until 2026. it is a long way off. hims and hers, telehealth. way down tennessee. >> the fda said there are no more shortages, great loss drugs, eli lilly, that's a problem because they sold a compound version of that to take advantage of the shortages of the brand drugs, no shortage, stock is down 10%. stuart: thanks. coming up, dozens of cargo ships are anchoring outside ports up and down the east coast, nowhere to go. dockworkers refuse to end airstrike. ashley has the story from the port of savannah coming up for you. the big question in the middle east, how will israel respond to iran's missile attack? president biden just weighed in. watch this. >> the answer is no. we won biden wants israel to respond in proportion to iran. what does that mean? mark meredith has the report
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storm damage, reporters asked him what support the us would provide israel if it were to do additional attacks against iran following the us strike against israel on tuesday, the president said he supports israel and believes they remain a close middle east ally but there should be some limits on what potential targets would there be considered by his will to attack iran in the future, what the president had to say moments ago. >> what are the plans to allow israel to strike back against iran? >> president biden: first of all we don't allow israel, we advise israel and nothing will happen today. >> close-up shot is the president went over to reporters. the washington post is officials in the us and europe feel israel could economic targets in iran and that would prompt dangerous escalatory reaction. the president says no attack likely coming today but it is the attack from tuesday that remains on republicans mind as they were number these images
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out of tel aviv. republican critics say the administration has enabled iran for sanctions relief and able to carry out these attacks just this year so we imagine the white house will continue to face pressure from republicans on the hill about how they could show stronger support for israel going forward. this is likely to be a big issue on the campaign trail including battleground states, donald trump is in michigan today. vice president harris his in wisconsin and she will be making her way to michigan tomorrow. it is playing higher net state. stuart: thanks very much indeed. carlos jimenez, republican from florida joins me now. biden will not support an attack on iran's nuclear sites. he will not allow america's ally israel to take out the nuclear sites of our mortal enemy, why not? >> because he's week, he's
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demonstrated his weakness throughout his 3. 5 years as president and that's why we have the world aflame today because of the weakness of the biden/harris administration, just another example of his weakness. israel has seen that iran is weak, they noticed the weakness in iran right now, they hit them hard, killing the leader of hezbollah, they have ended hamas, they are attacking the houthis and yet iran marches one hundred 80 ballistic missiles into israel. what would biden do if iran launch 180 ballistic missiles into the united states, think he would take it easy on them? i don't think so. israel will do what they have to do. stuart: would he take out iran's oil facilities? i suspect not because that would raise the price of oil and gas right before the election, the president is hamstrung. 's and t? what is he going to do? >> this is -- benjamin netanyahu will do something, this president is not going to do anything.
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at this point it's going to be israel doing the fighting for the united states and thank god for israel taking care of their people, protecting their people the best way they can. they just endured one hundred 80 ballistic missiles, biggest ballistic missile attack in the history of the world launched against them and they are going to take some action and they've got a country and a regime saying they want to destroy them. what's the way to destroy them? when they obtain nuclear weapons. if i were israel i certainly would not allow iran to obtain nuclear weapons for their own self-interest and self-preservation because iran is going to continue to attack israel. stuart: from that crisis to another one. report strike. governor desantis of florida says it is holding up critical relief after hurricane helene. watch this. >> one of the things i'm concerned about is potentially these ports getting hung up. i think it is totally
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unacceptable to try to intentionally deprive people of the supplies they need to rebuild their homes when they've been displaced by natural disaster. we should be doing all we can, federal government should be doing all they can to make sure all the supplies continue unabated. stuart: should biden step in? >> absolutely. last time the taft-hartley act was enacted was in 2002 over a longshoreman strike and before that was 1970 one. nixon did it over a longshoreman strike. it's a matter of national security but i doubt president biden is going to step in because for him, this is politics. the unions are a big part of his coalition, or so he thinks and so i don't think he's going to do anything but national security of the united states, those people in those states that need those supplies to recover that should be the
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priority, not politics but biden is going to put politics ahead. stuart: that will be a huge problem to harris closer to the election, shortages, fruits and vegetables, the economy is threatened and she is supporting of the union that holding the country for ransom. that's political poison i would have thought. >> that how much they are beholden to the leadership of the unions which not the rank-and-file of the unions but the leadership of the unions. they should invoke taft-hartley. it says you can't strike him you've got 80 days, resolve this at the negotiating table. that's where this should be resolved, at the negotiating table. it shouldn't be a strike. a strike is counter to america's national interests. stuart: always appreciate it. lauren is back with us. people panic buying toilet paper again? lauren: absolutely.
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we had ptsd during covid, the supply-chain crisis. i remember going to the food store, never spent that much money in my life, we were panic buying and it extended to toilet paper. it is happening now. if you go to costco people are buying what they can. there is no toilet paper shortage which of all the things we get from overseas, it's not toilet paper. 90% of the toilet paper is the mystical he produced. it comes from canada or mexico so it is brought in by a truck or rail so on the idea toilet paper might get cheaper because we can't export it because of the port strike so i'm worried in the us he will be just fine and prices could come down. we won biden absolution to inflation? who knows? thank you very much. kamala harris visiting george out to survey the damage from helene. he promised fema would provide $750 for people with immediate needs, people lost their homes
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and businesses. we will bring you the story. today, harris is back on the campaign trail in must win wisconsin. is recruiting liz cheney to help win over voters. grady trimble has that report next. ♪ ♪
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stuart: one hour into the trading session the dow is down 200, fractional moves for the s&p and nasdaq which is down 40 points. the port strike is in its third day. the shipping stocks are down today. lauren is looking at the movers. let's go back to the car companies, stellantis. what's with that? >> another 3. 5%, this year it is down 40%, this week it is down 18%. we have the news that us sales in the fred quarter fell 20% and since then the news has not been good, brokerages are coming out, they are downgrading stellantis entirely
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and got a problem on their hands. stuart: hit down to 13 a share. then constellation brands, 2%. lauren: their business is fine but they maintained full-year forecasts. sometimes investors want a little more. stuart: what about chinese stocks? they are all down today? lauren: they are down 4%. this amazing rally we've seen since the chinese stimulus measure a couple days ago. in some cases they are 30%, finally dying down. stuart: thanks. back to the election. kamala harris heading to wisconsin to try to win over rural voters, grady trimble is on the campaign trail. grady, what harris's big message today? >> vice president harris is trying to win over republican
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voters in wisconsin, population 7700. other smaller cities and towns like across the badger state, rippon is known as the birthplace of the republican party, further reiterating that theme and harris will be joined on stage by liz cheney who is a republican but made it her life's work lately to block donald trump from getting back into the white house. this will be the first event cheney has spoken at since she endorsed harris earlier this month. or last month. we got a sneak peek at the venue all over. country over party, that's the theme. the former president is using a similar strategy in wisconsin where early voting is underway. trump was in democratic strongholds in milwaukee and the madison area this week trying to eat into harris's support. >> got to go as soon as you can
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and get out there, do the voting thing, do it anyway you want, you don't have to vote one way, you can vote another way but get out there and vote, we are going to leave nothing to chance and everything on the field, 35 days from now we are going to win wisconsin and defeat kamala harris. >> the latest poll shows harris with a four point lead in wisconsin. that's within the margin of error around the polling averages show a tighter race, that's why harris is here today trying to defend one of these key wall states but trump was here earlier in the weekend he will be back in wisconsin later this week trying to flip it in the 2,024 election, about a month away. stuart: thank you. a new poll shows donald trump at the four point lead over kamala harris among arab-american voters. why do more arab-american support trump? >> similar to the conversation
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we been having about hispanic voters arab-american voters are not a monolith. democrats assumed they would vote left like hispanic voters but there's a lot of diversity in the arab-american community in the first thing that comes to mind is a lot of are business owners and probably loved the regulation under donald trump and tax cuts under donald trump but people forget that over 60% of americans are christian democrats are banking on israel gaza being a deciding issue but you have a really diverse coalition there. we want so it's not a clean-cut victory for harris in michigan with muslim voters. it is more divided. >> michigan has a diverse arab-american community and democrats would be making a mistake to assume this issue would win it for them. stuart: i just have to break in for a second because i believe dennis daggett is the executive vice president of the international longshoremen's association, the son of harold daggett who leaves the union, he's about to start speaking and we are going to listen into what we've got here.
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okay. we don't quite have this, not quite in position yet to start speaking, looks like he might be now. we haven't got the audio fixed yet. so okay, let me -- let me continue for a second here. we 've got a cnn poll that shows tim tim walz getting a bump in his favorability rating surpassing j.d. vance's postdebate -- how did that happen? everybody i know thinks tim walz lost? >> he lost on delivery, policy, specificity, j.d. vance won the debate but tim walz gave a lot of emotion and a lot of voters connect with that. will stuart: hold on, he's speaking, dennis daggett, executive vice president of the union.
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[cheers and applause] >> ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! ila! [horns blowing] >> as you can see my brother and i brought our families with us. ourselves and our daughters and nieces and nephews. we did that for a reason. the spin the media is portraying on the ila and our family, you read on social
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media about that. i wanted to look you all in the eye and tell you none of that is going to do to her us from fighting for you and your family. [applause] >> we know our truth which like i always tell our members at 18 oh 4-one. as long 04-1. as long as we have the rank-and-file behind us we are willing to take on the world if we have 2. >> we know and we fully understand your value and your worth and what you did for this country during covid. nobody who remained in texas during that time. it is shameful, absolutely shameful.
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each and every one of you came here every single day and made sure we moved america while the rest of the world was sitting at home sipping on martinis and ordering amazon. day and night. the media wants to say we are stopping progress because we are fighting back against automation. there is never been one time we didn't adapt to the innovation of our industry. we are okay with technology that makes the job safer and more efficient for our workforce but we are never going to allow and never going to apologize for robot taking over. [applause] >> i want you guys to feel my passion when i say i know we are going through tough times together. i know we are in a struggle.
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it's against the world unfortunately but one day, one day people are going to look at this movement and people are going to realize the ila wasn't just fighting for doctors on the east coast, the golf, the west coast will globally. we are fighting for the working class, fighting for workers all around the world who will eventually and from us to stand up for our rights! [cheers and applause] [applause] >> our ancestors. our ancestors fought for us. they used to call us the nickel and dime union because we would strike for nickels and dimes. now it is our time. we are not just fighting for ourselves. we are fighting for future generations and won't apologize and if they don't like us, we don't care. [cheers and applause]
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>> 1970, they don't talk about the labor in the last 47 years with 1947. i want to mention this. you are about to witness the greatest display of international solidarity this world has ever seen. dockworkers in australia have already taken action. you see it in south america and all over the world that how to defend doctors globally. in 1977 when my dad and them were sent to the west coast by president teddy gleason at the time, the president was jimmy herman. jimmy herman made it clear to the world that they were not going to work any diverted ships and that's how he won that struggle. and i will introduce them in a
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minute but that's how we won it. solidarity is the way we won the strike in 1977 and solidarity is how we will do it in 2024. [applause] >> at this time i would like to introduce john staggs. john staggs and i met in australia in 2019. we been dear friends ever since. blue when you are watching the combative speech by dennis daggett. he is the son of harold daggett who runs the international longshoremen's association. that's a very combative speech. he is saying i don't want robots taking over our jobs. it is us against the world, calling for solidarity and says doctors in australia have already given some up. that's a speech where the guy
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does not sound like he is anytime ready to go back to work. they are going to hold out for some time to come. i don't think it makes a difference to the market, no impact to their. certainly makes an impact on politics because if they stay out for a long time and there are shortages around america right as we go into an election i think there will be an election impact from that kind of speech. have a look at the shipping stocks, not affected so far. they are all down this morning despite the combative speech we just heard. new court filings are unsealed in the special counsel jack smith's election case against trump. they highlight his increasingly desperate efforts to overturn the results of the 2020 election. former federal prosecutor, trump calls this election interference. it's a politicized move by the administration. my question is why did they release all these details
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before they got a trial date. why did they do that? >> this is jack smith's last best effort to give a closing argument before the election. he was desperate to get in front of a jury before the election, that didn't happen because the supreme court shut that down in july. this is him trying to get the facts out to the american people, to persuade people to believe that his case is what he says it is and in some circles, that's the idea of election interference. he is prosecuting election interference, yet putting out a message the trying to persuade the electorate what he thinks the truth is. that truth he's putting out there hasn't been very successful, he's been shut down by courts time and again, this will be up for review by not only of the district court but also will go directly to the appellate courts and ultimately to the supreme court whichever way they rule. it would be a real tragedy of people are persuaded by this and it turns out he was wrong. stuart: will there be any
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ruling before the election? >> no. there will be time for the defense to respond potentially before the election but we won't see rulings and we are certainly not going to see any appeals before then so this is all just left out there for people to read between the lines and try to find what they want but i fought caution against that because this is adversarial fighting back-and-forth, his credibility on his perceptions of the law and the facts, untested have been wrong many times in the past. stuart: on to another subject, new york city's mayor, eric adams will likely face more charges in his federal corruption case. what kind of additional charges could be coming, any knowledge of that? >> no specifics about what's going to be coming. prosecutors are saying they are looking at a potential superseding indictment. this may be because they don't like his initial response, that he hasn't stepped down yet, they don't like that he's essentially rebuked the
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prosecutors in his public statements so this could be their effort to put more pressure on him to back down. he says this is lawfair work, prosecutors say they have a strong case, two things can be true at the same time and that might be true here, that he has a bad case against him, he might be going down for this but also they might be treating him unfairly in his view. stuart: the legal move started against him after he was critical of the admin a station at handling of migrant crisis. they take him to court. any truth to that? >> you can be very critical of prosecutors on the bribery side and some have said that is a small potatoes type of case. there's a much bigger case in that he accepted straw donations from people who were illegitimate small donors.
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had those small donations been matched by the state at $10 million you can see this as a fraud of $10 million but with the superseding indictment that might come, you will see additional allegations that he has obstructed justice. he engaged in pretty shady behavior claiming he didn't remember the passcode on his cell phone and other behavior like that with his inner circle where they were trying to drive the narrative that is obstruction. stuart: if he fights this and says he's going to fight it, what kind of government does new york city have for the next year? >> if he remains in office, it's not inappropriate for somebody to remain in office on its own but the administration is going to be gutted. he will have a difficult time governing but the alternate is if he leaves jermaine williams would step in and he is a far leftist from his political standpoint and that might be more damaging, got to be careful what you ask for. he stays in office while
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fighting this or whether he's removed from office or backs down from the office. stuart: this is the last thing we need for new york city at this moment. we are hard-pressed with the migrant crisis, people have not returned to these office buildings in any real numbers so businesses down especially in midtown and what also we got? crime going on and you name it, there's problems in new york, this city is a mess at the moment. >> it certainly adds to the mess of it all. one of the headings adams is claiming is his opposition to the migrant issue, the biden at ministration's opening of the floodgates to the migrant and them coming to new york city is what has caused the this to be the case in the first place. perhaps there's a move to get him removed from the office so the left and the democrats can essentially engage in the immigration process they want in this city. i don't know what their solution is to it but perhaps
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they see a different democrat doing more of what they want versus adams who fought against them. stuart: what a mess. thanks for joining us, appreciate it very much. a couple severely injured in an uber car crash just found out that they cannot sue the company. why can't they sue them? lauren: the terms and conditions signs when their daughter placed a new burritos food delivery order on the apps, okay? they signed away their rights and didn't know it. the wife is a lawyer. she says she was there with her husband, the driver blue or red light, extent of injuries, she was out of work for a year. they go to sue uber but they can't because of the waiver their daughters signed, those terms and conditions over a dozen pages long read in part you and uber agree any dispute will be settled by binding individual arbitration, not in a court of law. think about this. i signed terms and conditions probably daily whenever i use in apps, these are the updated
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terms and conditions, you click yes, you want immediacy. are you going to not place your order for food because you have to read through 12 plus pages? the answer is yes you should but we don't always do that. this is a warning for a lot of people out there who are on our phones all day long signing away our rights should something bad happen. does this go to the supreme court is my question. be one good question. most things do eventually. 20 years from now. lauren: this is a problem with disney too. stuart: the middle east crisis, the middle east is in crisis, russia is making gains in ukraine, the southeast is really from helenand the port strike showing no sign of stopping, why aren't biden and harris stepping up? voters don't like what is going on, that's "my take" top of the hour. people in seattle can get their hands on a free taxpayer-funded meth pipe in under five minutes. jason rantz just picked one up. he will tell us how easy the process was. these next.
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they would descend into chaos.
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. stuart: moment ago we heard from the port workers union's son dennis daggett, executive vice president of the union.
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he said it is the unions against the world. the president of local chapter on the west coast says if any ships get diverted there, they will not be unloaded. that means dockworkers on the east coast have solidarity with their west coast partners. jeff flock is in the middle of it. moments ago, that was a very combative speech from dennis daggett. >> don't know what you heard but by stuff that was printed in the post and other places identifying his dad's house showing pictures of a bentley in the front yard, i've never been through one before but tough business. i think you caught the headline. workers on the west coast or representatives of two of the
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west coast unions, say if anything came through that was diverted from here, they would not unload it. there is precedent for this. the 77 strike, it lasted for a long time, three months i think and when those ships began to get diverted to the west coast, that is when they went out, including dennis's dad went out to the west coast and got them to not unload those ships. that's what a lot of people think broke that strike. trying to talk with dennis daggett after his speech, wasn't having a lot of it. he's very upset with what he thinks is a real attack on his family and he says that is not going to deter us. whatever you want to print and whatever you want to say, we are strong and sounds like the folks right here go along with it. stuart: it doesn't sound, the
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tone of the speech we are hearing this morning doesn't sound like the dock workers are ready to go back to work at any time soon and are holding very firm for major wage increase and no automation. they are holding firm on this. am i right? >> reporter: probably room for negotiation on the automation may be, but they say they are not going to go back to the table unless they get a salary offer they think is really unfair and a lot more than they've got right now. they look, top 30 shipping companies in the world, only one in the us and as you reported your self, hundreds of billions of dollars the past several years, only fair to share in that and they are pretty strong. stuart: last point. earlier this morning, i saw you address a crowd of the dockworkers and you asked is anybody here voting for harris? has harris got support in the
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crowd? if i'm not mistaken not a single hand went up. am i right? >> reporter: years. i asked them if they support the union, everybody said yes. do they support harris? no hands went up. in fairness a couple people said we are not sharing who we are voting for. smart move right now not to be for anybody. we are for everybody. you know how that works. stuart: thank you very much indeed, good to see you. the 11:00 hour of "varney and company" is next. ♪ ♪
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high grade silver projects in the world in mexico. we've just released our pea and that's the first step to production. we're massively undervalued, with less than 9% of our known veins having been drilled so far. >> now kamala harris is saying, well, they deserve their fair share. no, they're already making more than they deserve. 150k? i think it's crazy, outrageous. >> an expert, quote-unquote, using their expertise to make, clearly, a political point? they're just trying to pile on vance, and they're just trying to lift up walz. >> there's widespread conservative station or, certainly a need for fema and the federal government to the step up.

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