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tv   Varney Company  FOX Business  October 3, 2024 11:00am-12:00pm EDT

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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. >> the national organization are
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push really hard to try to get this resolved as quickly as possible and to try to have biden step in sooner than later. >> you want to side with the common man, but then you have stories like the common man is led by a man who's making close to the a million dollars, has a yacht and a bentley. ♪ ♪ stuart: ah, good morning, everyone. it is 11:00 eastern time here on the east coast. this is thursday, october the 3rd. check the markets. i'm seeing red ink for the dow, down 270, nasdaq down 50. we're dealing with the latest from the major port strike. we just heard from the union president's son, dennis daggett. he said it's the unions against the world, and the president -- the local chapter on the west coast says if any ships get diverted there, they won't unload the car go. that shows the the union solidarity on keeping this strike going.
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back to the market. show me big tech please. one winner, nvidia, which happens to be up 3%. the rest of them are down. the 10-year treasury yield had been going up earlier this morning. look at that,. 3.83. now this. here's what might be called the crisis list. israel considers an attack on iran which might include take out its nuclear facilities. russia is making gains. ukraine may if lose that war. day three of the fort strike, short -- port strike, the union leader says he will cripple the economy. the southeast is killing out from a catastrophic if storm. fema says they're short of money. they took $650 million out of their budget to help migrants, and where is the president? he's spending an awful lot of time at the beach. when he appears, he looks and sounds tired. the vice president spends her time on the campaign trail dreaming up new ways to buy votes with taxpayer money. where is the leadership? no wonder a majority if feels
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the country is moving in the wrong direction. this is an opening for donald trump. he can point back to his first term. no wars, no inflation, energy independence and a booming economy. he answers any and all questions. harris does not. his choice for vice president soundly beat harris' guy, and he's beginning to move in the polls, especially in the battleground states. the crisis list is beginning to the shift the election. voters don't like the turmoil. they want peace and they want prosperity. third hour of "varney" starts now. ♪ ♪ stuart: guy benson's with me this morning. all right, guy, are these crises that i just listed, are they swaying the election towards trump, do you think? >> well, they can't be helping the incumbents, and the incumbent is, in this case, the vice president, kamala harris.
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i mow if joe biden is technically still president of the united states. some people seem to lose sight of that because he is, for the most part, out of sight is, out of mind much of the time, often at the beach as many people have noted. i think a key question for kamala harris that she has still not answered to any degree of satisfaction is what would she do differently are? what has joe biden done wrong, for example, that she would have done differently if she were president rather than co-piloting this disaster? she'll talk about how she isn't physically the same human being as joe biden of yeah, we know. and she'll talk about an opportunity economy and a few little tinkers here or there, all of which i'm sure joe biden fully supports. what is different about her that would make any of this better? we don't have an answer to that, and she hasn't even come close to providing one. stuart: polling shows harris and trump are deadlocked, virtually, in every battleground state. is this proof that harris' momentum is beginning to
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sputter, certainly beginning to pause a little? >> well, it certainly could be. i would say the sobering thought is in spite of everything you just listed, in spite of prices being up 2020% -- 20%, 10 million illegal border crossings, the current crises, the multiple wars, the list goes on, it is still a toss-up election. you would think the incumbent party would be in very real trouble right now, but it's looking like a jump ball. the good news if you're the trump campaign, if we see, stuart, anything approaching the polling miss that we saw in 2016 and 2020 to the in a way that favors trump even by a couple of points which is what we've seen in the past, he's probably the favorite to win in november. if, however, the polling is caught up or they've adjusted their methodology or are somehow capturing the picture better this time and it really is virtually tied, it could come down to ground game. we know the democrats are extremely adept at that. sort of a question mark for the republicans. so absolutely a nail-biter here
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really on both sides. stuart: i think the port strike is a political problem for harris. she supports the strike. and here she is supporting a strike led by a union leader who's a very wealthy guy and holding the whole country up to ran. and we're all hurting -- ransom. we're all hurting, and she supports the union that's hurting us. that doesn't fly politically, does it? >> well, i would love to to hear her asked a question about it. stuart: exactly. >> why do you support the workers? how long can this go on? you are in charge, why is no one resolving it? has she addressed it ever other than saying, oh, i'm with the striking workers? she basically doesn't do anything of substance ever, and i just wonder will voters make her pay a price for that. stuart: will she ever answer a question? guy benson, always a pleasure. see you again soon, thank you. check that market, please. i still see red ink for the dow industrials. a couple of dow strocks are down sharply, and that is pulling the
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whole index down. off 270 at the moment. s&p down 20, the nasdaq is down 45. lou basenese with me this morning. i just listed the crises or that are afflicting all of us. do you think that will make any difference to the federal reserve is and what they do with interest rates? in. >> absolutely, and i can't believe i'm going to say this, poor, poor, poor jerome powsm while president biden's sipping pina coladas on the beach, powell is forced to deal with three reinflationary purchases -- pressures, right in biden add had resolved the middle east conflict, we wouldn't be dealing with higher oil prices. if he would have done something about the unions, you wouldn't be dealing with rising prices which are costing us $4 billion a day for the port strike. and if you look at the hurricane relief, if we didn't spend fema money on immigrants, illegal immigrants, there would be money to fund. this this is going to the all lead to inflation. i think, if you see any uptick, powell and the fed are going to have to reconsider -- lauren: and jobs origin, jobs
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report, right? a softening labor market p. stuart start that's right. lou, you say investors should be ready to the buy any big dip that comes along -- >> and here's why. i do expect a big dip based on history when we see a war or crises break out like the attack on israel by iran. a year ago the markets actually sold off about 7-8 8% in 20 the days after that, but if you look historically, over the last a 25 yearses, it usually leads to the a downturn within the first 20 the days, but the marks recover within 30. it's a short-term dip, so i think this is another one of those instances. you have to be opportunistic. i wouldn't be chasing the big tech names -- stuart: you won't support your old pal, stu? >> microsoft, i like. apple -- you couldn't give me money to buy nvidia and chase it on this a.i. run. i think you have to to buy areas of the market that are still undervalued, biotech, small
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caps, micro caps. buy etf. consumer staples, consumer discretionary. there are opportunities throughout the market. if you're not in the market, you have to get in at some point, right? if you're trying -- here's the biggest thing, don't panic and get out. anyone that does it has to figure out when to get back in, and time and again most investors fail to make the right decision. stuart: over the last 10, 12 years i've been sore toly tempted to get out, and if i kid, i know now that if i'd have9 gotten out, it would have been a mistake because the market's gone straight back up. we've made highs recently. >> it's the old adage it's not how you are timing the market, it's just time in the market, right in you have to be allocated, diversified. don't overinvest in any one area or one stock -- lauren: i can't wait to talk about nvidia. [laughter] stuart: on my appropriator, it says thank you, lou, and, lauren, you're looking at nvidia. go. lauren: lauren up another 3%. they reportedly invested another $100 million in openai, the
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maker of chatgpt. so what, right? $100 million is a drop in the bucket for a $3 trillion company. but what it does, in my opinion, is cements the image that nvidia is attached to the artificial intelligence. as its ceo calls blackwell, their newest chip, demand for that, quote, insane and in full production. so they're not having any issues getting that to market. stuart: come on, that's good for 3% -- >> that's good for 3%, but i'm a long-term investor, not a short-term day trader. look, the yankees can't win the world series every year, they've won the most, nvidia can't win the a.i. race every -- lauren: you would date nvidia, you wouldn't marry nvidia. [laughter] >> i'm already married. stuart: let's move on. amazon -- lauren: they're hiring 250,000 workers for holidays. okay. adobe is predicting online sales overall will jump from last year by almost 8.5% this holiday season. amazon's going to get a huge
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piece of that action. but there's a problem, one of the reasons amazon is down 1.5 president today. morgan stanley still loves the stock, but they're worried that amazon, because the consumer is struggling buying more essentials, that amazon is selling lower priced items. that hurts their margins. they can be super popular over the holiday seasons and still a great company, but their margins may not be so good -- stuart: has that got anything to do with the port strike? lauren: that could and likely will affect effect them. a lot of these -- the affect them. a9 lot of these contingency plan, items already brought many in, but, yeah, demand is huge. we don't know how long it's going to to last. stuart: tell me about levis strauss. lynn lauren speaking of the ports, they rerouted shipments to the west coast and switched to flying items to get them in to have enough inventory for christmas -- stuart: and two west coast -- are not going to touch diverted traffic.
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lauren: they might be mad, those west coast union workers. because when they did their deal last year, they got $60 an hour. they want $69 if that's what the east coast -- and then who's going to strike next in and then inflation, to your point, keeps going up. >> there'll be plenty more if we aren't proactive about resolving these union disputes. stuart: i agree. thanks, lauren. at least 192 people have died from hurricane helene. more than after of -- half of those occurred in north carolina. we'll bring you the latest on the damage and the rescue efforts too. biden once again pushing for israel to show restraint. >> what we discussed with the israelis what they're going if to do, but all seven of us agree that they have a right to respond, but they should respon- [inaudible] stuart: doesn't want israel going after iran's nuclear sites, but israel has been ignoring his objections in the past. has biden lost his influence? national security expert victoria coates on that next.
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stuart: israeli forces are pushing deeper into lebanon this morning. they conducted an airstrike on the capital city, beirut. trey yingst is in haifa, israel. what's the latest? >> reporter: good morning. forces are ramping up airstrikes against beirut targeting the hezbollah stronghold in the southern part of the city and even expanding those strikes closer to the center of beirut. it comes as israeli forces are also expanding their operations on the ground inside southern lebanon. we joined them the night that the ground invasion began to get a firsthand look at the battles
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between israel and hezbollah. take a look. minutes after the orders are given, israeli soldiers load into waiting land rovers and drive toward lebanon. their mission, to reach a hezbollah position less than a mile from israel. once near the fence, they cross quietly over the border. the pitch black night acts as their cover while the mission unfoldses. a instant flare the only source of light, the crunch of branches beneath their feet e the only noise. arriving at the hezbollah outpost, they first clear a maze of tunnels and rooms before we enter. right now israeli forces are conducting a ground operation into southern lebanon. we are with an elite congressman coe unit embedded -- commando unit embedded underground right now. to get here, we walked through minefields and crossed uneven terrain pocked with craters left behind from the israeli bombardment of southern lebanon. the israelis have faced a lot of
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criticism for the air campaign against lebanonful we've seen the rocket fire toward northern israel targeting many different cities. what's being done to protect lebanese civilians amid this conflict? we know that hundreds have been killed as a result of the campaign so far. >> our war is not with the lebanese civilians. our war is with the hezbollah. since the 7th of october, they've been firing almost 10,000 rockets at israeli civilians. unlike them, we do not target civilians, we target terrorist infrastructures. >> reporter: as israel expands their operation into lebanon, an estimated 1 million lebanese civilians are displaced from their homes. and as israeli strikes against hezbollah ting i, so does the death toll among the civilian population. the last thing i expected was that our building would be struck because it's all civilians inside. this man a says the funeral -- says at the funeral of his wife and daughter. now, the israelis insist they
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have to do this ground and air campaign against hezbollah in southern lebanon due to the thousands of rockets that have been fired into the northern part of this country since october 8th, displacing tens of thousands of israelis. stuart. stuart: trairk thank you very much, indeed. national security expert victoria coates from the heritage foundation joins me now. victoria, does biden have any influence on israel these days? >> well, good to be with you, stuart. you know, it seems he has less and less. and the thing that's striking to me is whatever happened during the prime minister's visit to to washington in late july of this year really seems the changed the game. so i don't know if it was a message he got from president biden or from that very strident public remarks session he had with vice president harris. but he seems to have gone back to israel really liberated from any of the shackles from the if united states, and that's when we saw these really extraordinary operations on the part of the the mossad and the the idf start to take place
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which have resulted in just unprecedented progress for the israelis against hamas can and hezbollah. stuart: would you be surprised if netanyahu ignored president biden and went ahead and attacked iran's nuclear facilities? >> well, i know he doesn't want to the from my engagements with him, and he wants to to work with the united states. he wants this to be coordinated and as mutually supportive as, possible. but we're with listening to the president right now, he's going on and on about a g7 statement. i'm sorry, stuart, that didn't work when they did it in april, and the g7 does not exist to to tell israel how to conduct its national security affairs. i mean, this should be the united states and israel in close consultation about what's possible, what the israelis can do, what the united states can provide but probably most importantly, where will the united states be the day after the attack when the iranians retaliate. stuart: victoria, who do you think is better equipped to
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handle this crisis, trump or harris? >> well, i mean, i think the proof is in the pudding, stuart. i mean, we had four years of the trump administration with largely peace in the middle east. the iranians acted up, which they did, and it was dangerous at a times, but we managed it. we managed global energy markets successfully during that period and got to peace deals between israel, bahrain and the uae and morocco. that was what four years of trump got you. under biden and harris, this is what you've got. and i think their policy of having distance between them and the jewish state, their policy of trying to to outsource all of this to international organizations and their policy of appeasement towards iran has resulted in this terrible, very dangerous situation for the american people wells the israeli people. -- as well as the israeli people from these dangers coming out of the region. stuart: victoria coates, thank you very much. going to check the markets
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now. we've got goldman sachs, unitedhealth and travelers, they're the biggest losers on the dow. they're taking quite a number of points off the cow industrials which are down 2311 points. big -- 231 points. big energy names, i would assume they're doing well. energy stocks do well, the crisis in the middle east. bp on the downside only 32 the -- 22 cents. there's this coming in to us, a saudi minister warning that the price of oil could drop significantly. lauren, what's the price that he's looking for? lauren: $50. remember we used to talk about let's get it back up to $100 a barrel, great for the producers? now it's half that. and he's calling out cheating. iraq specifically, that they're overproducing, they're not abiding by the production cuts, the quotas, and that's why oil prices would be coming down. you could call it a threat if russia, kaszikstan and others don't stop overproducing, not
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abiding by the quota thats. the price of oil could drop to $50. stuart: okay. lou, are you buying any oil or energy stocks? >> yeah, i think energy gets interesting here, particularly domestically-owned -- stuart: so the saudis have it wrong? >> well, they've got deeper pocket, they can outlast everyone else, i think domestic production is going to be really important. so you normally hook to the refiners because they recognize that higher price sooner, so marathon petroleum and, mpc, or companies that are exploring and going into production like a prairie operating corp. just completed an $83 million ab by decision in colorado -- act by cig. those interesting names to take a look at on renewed, heightened oil prices. stuart: you can make a profit on a $30 per barrel production cost. that's' good news. thanks, lou. coming up, jack smith has found a new way to go after trump for january 6th -- 6th.
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james comer will tell us what he thinks. homes and businesses across the southeast were devastated by hurricane helene. one resident in steinhatchee, florida, was home when it hit. he's going to describe what it was like and how the recovery's going. ♪ ♪
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stuart: on the markets this morning, the dow is still taking the it on the chin, down 230. lou bass -- lou basenese, well, he's brought along his stock picks. verona pharmaceuticals. >> i told everyone to take a look at it after they got approval for the first crushes opk drug. -- copd drug. the stock didn't move in july, but it's up 100%, but i think there's room the grow. they've wisely brought in their portfolio pipeline and big pharma's getting active to the make a big acquisition. something to take a look at and do your work. average premiums in biotech takeovers are anywhere north of 50-1000%. stuart: you've whetted our appetite. possibility of a 100% move in that stock right there. spdr, s&p biotech.
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>> look, our firm focuses on innovative and the small ifest innovators in biotech. that doesn't mean you can be boxed out. it gives yous exposure to -- you exposure to 139 biotechs from the biggest like genentech and regeneron and, therefore, you can really benefit if from an uptick in the biotech space. this is an etf that traded about 70% higher in 2021, so 70% upside with worst case scenario about a 30% downside from where it bottomed out 52 weeks ago. stuart: lou, thank you very much, indeed. now let's go from the markets to the hurricane. join me now is chris carl. he's a resident of sign hatch chi in florida -- steinhatchee which is in the big bend area of the state. chris, i want to the hear about the hurricane. were you at home when it struck? because i think you took a direct hit. >> yeah, we were at home. my family and i stayed here.
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we had hi mom, my three kids, my wife and i. we have a lot of dogs and a lot of cats, and we just couldn't leave them here. stuart: what got to the you? was it the rain or the wind? if. >> honestly, it was the surge that got to us here along with the wind. i've never felt my house shake. during idalia, we were here, we stayed as well last year. the house didn't shake. this time the house shook. and in idalia we didn't have water anywhere near the house, this time it was within 6 inches of reaching the house that's lifted 4 feet in the air. stuart: was your home damaged at all? >> i personally live in a camper with my if wife and kids, and my if mom lives in the house on the same property. the house is fine, my camper, my truck, our vehicles are ruined, but it's all replaceable. stuart: what is insurance going to cover for you? [laughter] >> insurance has a neat little
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loophole called the act of god clause where they don't have to coffer anything if it's a severe act of god. they said i could have moved my camper or vehicle 100 miles outside of the storm radius which was a 9000-mile radius -- 900-mile radius. stuart: that doesn't make sense. kamala harris a says fema is being instructed to give $. 750 to those who need immediate help. we're also a hearing that fema is running out of money because they took $650 million if out of the budget and gave it to the migrants. how do you feel about that? >> i'm going -- i'm a disabled veteran. $750 doesn't go far when you're on a fixed income and you've taken as much destruction as we have here. there's a lot of retired people in this town, there's a lot of elder arely people. there's a lot of veterans. if $7500 isn't -- $750isn't
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going to touch what this town needs. stuart: what about the rest of the town? has there been real devastation in. >> yeah, there's been a lot of severe devastation. houses were floating on the road. from what i've heard last, there's over 2020 houses completely destroyed -- 200 -- or unlivable. so far fema's taking applications for trailers or and such like that. we haven't seen anything other than that. stuart: the speaker of the house is visiting your town today. what do you want to hear from him? >> i'd like the hear a plan on how he's truly going to help the area other than a $750 check which barely covers the gas these people having to use for their generators just to run things right now. stuart: look, thanks for being with us. we really feel for you suffering in a hurricane like that. thanks for joining us, and we hope everything turns out all right for you. see you later. >> thank you, sir. stuart: sure thing. coming up, melania trump says
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all the attacks on her husband have left her afraid. >> i think they are afraid of his strength, and he was leading this country with peace through strength. stuart: we'll have the former first lady's full comments for you coming up. as the port strike enters its third day, our supply chains are already starting to feel the pinch. ashley's taking a look at which industries could be hit the hardest. the latest from the ports next. ♪ ♪ something about a boat sitting on the sea -- ♪ out there in the wind floating on the free. ♪ take it around the world --
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stuart: big tech mostly lower today. we do have nvidia and microsoft if on the upside. nvidia's up 3.5%. solid gain there. the rest of them on the downside is. lauren, i've heard reports that this is a good -- this is not a good time to to find a new job. tell me. lauren: yeah. this feeling of being very stuck, stuck at work, stuck in your place, because if you look at data, the hiring rate in august, it was at 3.3%. that's the lowest since 2013. so companies aren't hiring in a big way. on top of that, layoffs are starting to rise. and the quits rate is coming down meaning if you have are a
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worker, you like your job, you don't love your job, a couple of years ago you'd be able to get a new job with a huge pain pay increase. like i said, it's this frozen feeling, and that encapsulates why people don't feel like the economy is as strong as it might look on paper. stuart: lou, this is a weak labor market more than anything else. >> i'm going to go off her analogy of being frozen. the labor market's on thin ice. the market's really going to freak out if employees get laid off because we saw that one bad jobs report freaked the market out. this is something that is very dynamic,s and the fear is that the fed has not been ahead of the labor market. lauren: met me tie in the ports. we're not going to see the impact of these 45,000 workers being out of work tomorrow, but we might in the october number. and then if there's 100,000 truckers that are furlough ared as a consequence of the port if strike, the job numbers could look really bad for a while before this is resumed. stuart: okay. interesting stuff.
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it is day three of the port strike. our supply chains are already starting to feel the strain. ashley webster is at the port of savannah, georgia. ashley, which industries will be hit hardest by the strike? ashley: well, we think, certainly, right away feeling the squeeze will be food supplies, auto parts and consumer goods. the only good news on that end is that they had planned ahead. the big box retailers had tried to prestock some items understanding that a strike could happen. but here we are, as you say, stu, day three. and the port of savannah is very significant of the 14 ports that are closed on the east coast and gulf coast. s it is the largest single container terminal in the western hemisphere. it moves 22 of east coast container that raid. so the fact that it is shut down will have reverberations. also we should mention that here in georgia, in north carolina and south carolina, they are
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recovering from hurricane helene, and there are concerns that the port if strike could prevent some very much needed materials, construction materials in particular, to help those people affected recover. in fact, president biden was if in north carolina yesterday to talk about that, and he mentioned the port if strike. take a listen to this. >> this natural disaster's incredibly consequential. the last thing we need on top of that is a manmade disaster, what's going on at the ports. we're getting pushback already, and we're hearing from the folks regionally that they're having trouble getting products they need because of the port strike. ashley: you know, part of the beef here that these workers had with their contract is, yes, hay want more money and health benefits, but they also want a ban on automation which we've talked about on the show. it's a difficult thing to do. but the ila put out a statement that said in part about a
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automation if, it read: automation of our nation's ports should be a concern for everyone. the truth is robots to not pay taxes, and they do not spend money in their communities. thish s la will continue to fight -- the ila will continue to fight until its members receive the contract they deserve. and by the way, stu, the the general consensus is for every day that the port if is closed, the recovery time is anywhere from 5-7 days. so we're into day 3 now which, by that calculation, would be 15-221 days of -- 21 days of recovery. and the longester -- longer this drags on, the more the consumer goods will start to become more scarce and more than likely prices will start to to go up just as we had managed to tame inflation. stu, back to you. stuart: ashley, thank you very much, indeed. lou basenese with me. how long does this strike have to go on before it has an impact on the market? not the economy, but the market.
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>> i'm not an alarmist, but i think you've got 7-10 days and here's why. as ash ally points out, shortages impact consumer prices, and the cost to the economy is $4 billion a day with the port strike. in pair congress, dir cashson, every two weeks of the autoworkers' strike was two weeks. i think everyone will start freak out that prices are going to go up, and the fed's going to have to the stop cutting rates. that's what the market cares about. is the fed going to keep easing in everyone's going to get nervous that the fed's going to stop. stuart: lou or thank you. it's time to show you the dow 30 stocks. where are they? there's a lot of red ink right there. the dow's down 171 points, barely above 42,000, and we've got most of the dow 30 in the red at this point. next case, a whistleblower has revealed documents that detail tim walz's ties to the chinese communist party. congressman james comer is going to tell us more about that.
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stuart: a whistleblower from the department of homeland security has revealed that the agency has information on governor tim walz's ties to the chinese communist party. house oversight committee chairman james comer joins me now. okay, sir, what is walz's the china? >> well, that's what we're trying to find out. he's been to china by his own estimates over 30 times. that could be many more than that, but that seems like a significant number of times even before he was ever in politics, he was going to china. and what we know from our investigation that the committee's been leading against china and our federal government which had nothing to do with tim walz was that the fbi monitor to haves people in the united states -- monitors people who make an excessive number of trips to china for unknown purposes. you have china who go to china regularly for business, maybe they work for a fortune 500 company that has has a plant in china or whatever, but it
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doesn't appear if tim walz has any business relationship with china, and i don't think he's been very forthcoming about why he's been to china so many times. we know he lied and said he was in china during the tiananmen square massacre, and we found out he was in nebraska. we know he's lied about serving in afghanistan when he did not serve in afghanistan. so walz a really hasn't said much about why he goes to to china, and we want to know and this whistleblower came forward with information that that there were communications within the federal government of people concerned about walz's excessive travels to china and his meetings with people in the chinese communist party. so that's what we're trying to determine, we're trying to get that information out and, obviously, we'll be transparent with the american people. stuart: congressman p special counsel jack smith if has revealed more detail it is about trump's efforts to overturn what are allegedly efforts to overturn the 2020 the election. my question is, why was all this
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detail revealed now in. >> yeah. well, it's election interference, there's no question about it. ironically, yesterday when jack smith came out with this, my committee got notified by the national archives. we'd been asking communication between joe biden and all of the biden shady associates that were involved in the influence-peddling schemes where joe biden was communicating with them through a stewed anymore -- pseudonym e-mail. national archives has those. they've been sitting on them. they called us, they reached out to us yesterday and said they're going to turn them over after the election. so on the same day jack smith does this, within 40 days of the election, the government responds to our credible investigation and says we're not going to give you anything until after the election. i think that shows the two-tiered system of justice in america. and, clearly, the the timing of smith's recent stunt reeks of election interference. stuart: there's not going to be any kind of trial or judgment in
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the jack smith case before the election, right? >> that's right. that's right. this was just a pr stunt just to give bad press to the trump -- to trump after tim walz's disastrous vice presidential debate. i mean, it's clear what they're doing. the government, the department of justice, they continue to collude with the mainstream media. they continue to the weaponize our court system. and i hope the american people see what's going on and react according hi in november. stuart: congressman james comer, thank you very much for joining us this morning. important subjects, and we appreciate you covering it for us. thank you, sir, appreciate it. now then, former first lady melania trump, she's opening up about why this year's election is different. what is she saying? lauren: he told sean hannity that everything that has happened to her husband, the impeachment inquiries, the fbi raid of their florida home, and of course, the two assassination attempts has staired -- scared her. >> and what a stunned me -- what
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stunned me is when you actually said that when they first impeached him, oh, i'm surprised it took so long. wow. you were expecting it all. >> i did because i saw how they treat him, how the media was against him. i think they are afraid of his strength and every event that had happened, i'm thinking, what is next? what they are trying to do. and you always fear the worst and that it happened. lauren: yeah. and then she took the opportunity to call for unity saying open communication, debating differences, that's the path to to success. and she said, look, i've gotten used to all the craziness of politics because i'm prepared for surprises, and i just let things go that are out of my control including the election. stuart: yeah. okay, got it. let's get back to the markets
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and check out what's going on this thursday morning. i think the market is waiting for two events. first off, when does israel retaliate against iran and what are they going to do. and secondly, the jobs report that comes out at 8:30 eastern tomorrow morning. kind of -- there's not that much movement on wall street at the moment. i think they're waiting for those two events. >> no, i totally agree. if you look, the selloff didn't happen on iran's attack of israel. we normally get againing on the index a 4-7% selloff in the aftermath of an attack, so i think if israel retaliates and imamounts some of the energy structure, you're absolutely going to get a selloff. stuart: they are going to retaliate. i think the action would be profound if they take out iran's nuclear facilities which biden says, don't do that, please don't do that. but netanyahu has a habit of ignoring biden and maintaining his own interests. >> rightfully so. stuart: absolutely. he's been successful so far. here we go, it's time for the thursday trivia question. all right, which state has the
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most bridges? [laughter] california, florida, texas, ohio? we're not going to be defining what is a bridge, we don't care how long or short it is, just how many you've got in your state. we'll be back. ♪ ♪ if you're living with dry amd, you may be at risk for developing geographic atrophy, or ga. ga can be unpredictable—and progress rapidly—leading to irreversible vision loss. now there's something you can do to... ♪ ( slow. it. down.) ♪ ♪ ( get it goin' slower.)♪ ask your doctor about izervay. ♪ (i. zer. vay.) ♪ ♪ ( gets ga goin' slower.) ♪ .. swelling in or around your eye. izervay can cause eye infection, retinal detachment, or increased risk of wet amd.
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stuart: we will take some time answering this but we've got two minutes to spare. which state has the most bridges? california, florida, texas, ohio? i'm inclined to go to florida because you've got the keys and waterways. >> there are bridges over any water and stream. what qualifies as a bridge? intercoastal waterway, bridges to the beaches. i lived in florida for 15 years. stuart: i will go for ohio. it's typical of our producers to tantalize us. most to be california, florida. i will say ohio. what about you? lauren: i have a feeling the answer is florida but i will go with california. come on, just for fun. stuart: not many rivers in florida.
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the you think the answer is florida. i'm going with florida. >> i will go with texas. very large. stuart: its texas. too much, too much. according to the american transportation builders association, 56,000 bridges in that state, texas. almost double the number of bridges in any other state. do you be leave that? lauren: how much are the tolls? to go over the bridges? you don't have to pay a toll to go over every bridge in the world. thanks for sticking around to. don't forget to send in your friday feedback. send to a varneyviewers@fox.com.

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