tv Varney Company FOX Business October 4, 2024 9:00am-10:00am EDT
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are hurting. they're up by less than 2 from a year ago. that's not good. and moreover, you were talking about credit cards earlier. we find with auto loans we have reports that auto loan delinquency rates and chargeoffs are on the rise. maria: that's a really good point. thanks, everybody, great conversation. the dow industrials up 251, highs of the morning. joani e, joe, e.j., cheryl, john, thank you so much. don't miss part one of my interview with former first lady melania trump, "sunday morning futures" this sunday, join me for my special interview with the former first lady, mrs. melania trump, this weekend and again on monday. have a great weekend, everybody. i'll see you tonight on maria bartiromo's "wall street." "varney & company" picks it up now, ashley webster in for stu, take it away. ashley: good morning, everyone.
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yes, i'm ashley webster in for stu today and, boy, do we have a big show ahead. first, we given with the jobs report. 25 the 4,000 jobs -- 254,000 jobs created in september, surprisingly high. unemployment revised down to 4.1%. july and august also revised higher with 7 2,000 more jobs created than previously reported. we'll get into all of that. the other big story, the port strike has ended, for now. the union has agreed to the tentative deal that includes a 62 if wage hike over 6 years -- 62%. both sides extending the existing contract through january 15th until they negotiate another new deal after the election. all right. to the markets now, what are we doing in the premarket to give us an idea of what the jobs report may have signified? the dow up 273 points, the s&p up nearly 1%, nasdaq also up 262 points. we'll see how that plays out when the opening bell rings. let's take a look at the 10-year
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treasury yield. the bond yields are rocketing. look at this. the 10-year yield up nearly 10 basis points up to 3.94%. take a looked at the 2-year, see if we're seeing the same kind of action there. yes, indeed, we are. it's up 15 basis points at 3.86%. meanwhile, let's take a look at bitcoin. bitcoin has been up and down as it normally is. right nows the up about $1,000, $61,83322. what about the price of oil which we have seen creeping higher with all of the conflict in the middle east. we're up another 50 cents or thereabouts at $74 for a barrel of crude. and what about gold? often a seen as a safe haven when things are getting a little discombobulated. well, money coming out, down $20 at a $2658 per troy ounce. if. all right, on the show today
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israel's reportedly planning to carry out a significant retaliation attack within days in response to the iran firing more than 200 missiles in israel earlier this week. by the way, joe biden says he hasn't spoken to netanyahu because there's no action going on right now. really? we're also talking the a resident of flood-ravaged asheville, north carolina, who is slamming the response from the administration. he says the governor and president biden claim to be doing great things, but that that's far from the ruth. and donald -- from the truth. and donald trump heading back to butler, pennsylvania, this weekend 112 weeks of after a shooting -- 12 weeks after a shooting that grazed the former president, can killed a peck today to have and severely wounded two others. trump will also have a special guest in attendance. we'll get to that. it is friday, october the 4th. "varney & company" about to begin. ♪ ♪
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♪ ashley: you've got to love earth, wind and fire on this friday. let's groove, indeed. let's groove. the weekend is almost here. great picture of the manhattan skyline. and let's begin this friday morning with the jobs report. 25 the 4,000 jobs added in august, much higher than expected. good morning, lauren simonetti. take us through the report. lauren: it was good. blew past expectations, and the unemployment rate fell to 4.1%. that matches the june level. wages roads faster than expected -- rose faster than expected, 4%. 811,000 added in health care -- 81,000. 31,000 in government, 25,000 in construction. but a loss of 7,000 in manufacturing. remember that the machinists are on strike at boeing. that happened toward the latter
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part of the reference period for this report. also if you look at the prior two months, july and august, together they were revised higher by 72,000. is so it seems that the job market is still solid, and now traders think that the federal reserve will cut rates in november and december but by less than first thought. ashley: indeed. all right, lauren, thank you very much. guess what? david bahnsen is with us this morning. great to have you here, david. all right. strong jobs report. what do you think? >> yeah, i mean, i agree with lauren. it's really hard to put a negative spin on this. it was a good jobs report. the unemployment rate lower, the total jobs number higher. because i'm a long-term, big picture, macro economists, i'm -- economist, i'm always worried about the lower labor participation rate. but as far as the people that are in the work force and looking for a job, a good portion of them have one. it's pretty easy right now to hold a job.
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but at the end of the day, wages are what a lot of people are looking to, ash, and real wages have kept up pretty good here as of late, so it's a good report. ashley: so with, to pick up what lauren was saying, david, the fed, i mean, takes away the incentive for a half a point cut, right, in november? if. >> it's a difficult thing to answer because i've never believed they are -- really are worried about this data. i'm looking at the way it's moved now, and the odds have definitely skewed to more quarter-point cuts than half-point cuts in the next two meetings. but i think that has more to do with optics than real life. the the reason the fed has to get rates lower is because there's so much debt roll proking over, and they don't want it to roll over at higher rates. so they're trying to race against the clock, and the labor data the either fits in or doesn't fit in, but the fed's got to do what they have to do. ashley: you know, what is the state of the consumer, david? to your point, we are seeing delinquencies crop up both in
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the auto sector, credit cards. that has to be a worry. >> it is a worry about a worry. in other words if,st it's not in worry mode yet, but there's signs to the start to look at it. credit card debt itself is higher, but as a percentage of assets, it's very low. in other words, total household net worth is quite a bit higher. my own permanent view of the consumer is in america they shop til they drop. until they max out credit cards, they keep shopping. [laughter] however, i do believe that there are, you know, extended leverage metrics we want to be careful about. ashley: right. indeed. shop til you drop, that's the american mantra, god bless them. stay there, david, you're with us for the entire hour, so we're lucky to have you. now this, the port workers' strike over, at least for now. lauren, do we know what this tentative deal includes? lauren: yeah, call it a wage deal. the union scored a 62 wage increase over 6 years' time, and they'll deal with automation if
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later. they'll now work to negotiate a new contract by january the 15th. most of the ports are open today, cargo can move again after a 3-day shutdown that left 54 ships stuck and waiting to dock and get unloaded. so, yes, there will be logjams. thousands of shipments were also rushed in and delivered to the wrong ports before the strike just to get in in time, so i'd imagine confusion, some higher delivery rates in the near term. as for the cost of wages, these higher 62% wage hike in the long term, well, guess what in the shipping lanes manage that, and they're going to decide how much to pass pass along to the retailers who will decide if and how to pass i it on to all of us. ashley: we shall find out. lauren, thank you very much. let's switch to the recovery efforts after hurricane helene. listen to what donald trump had the say about joe biden's response. watch this. >> dhs says fema doesn't have
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enough money to last hurricane season. what's your reaction to hearing that? >> well, they're doing a very bad job. they've given over a billion dollars to illegal migrants and now they have of no money for north carolina, for georgia, for south carolina, alabama, tennessee and florida. i think that's a disgrace, frankly. it's the worst run -- this is a country that's being run by fools. ashley: being run by fools. strong words, as always, from donald trump. jason chaffetz joins us in this morning. jason, great to see you. i think we're just now getting a sense of the scale of the damage that was done by helene especially in western north carolina. absolutely devastated. my question to you is, is biden's hurricane response going to have any impact on the election as more and more details come out? what do you think? >> i think so. i think anybody who is in the undecided category and what not, i think they look at this and look at the incompetence of how
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joe biden and kamala harris have handled the homeland security portfolio as a whole. not only do we have open borders and millions of people coming in and rapists and murderers roaming our streets, but then to go find out that they're treated better than the average person in, say, north carolina as we looked at asheville there -- look at asheville there. that's just infuriating. i somehow there are untold billions of dollars for ukraine, for all these other foreign countries, for people that are here illegally, everybody gets a phone, everybody gets housing, everybody gets all this free stuff, and then when disaster strikes, you know, they just, oh, we're out of money. we're going to have to go get more. and not only that, the response from homeland security with fema, where are the people? they've been spending time working on the migrants, not doing preparation for these types of disasters. ashley: right. those questions are going to be
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asked a lot in the coming days and weeks. next one for you, jason, donald trump headed back to butler, pennsylvania, tomorrow, the site, as we know, of the first assassination attempt back in july. his supporters say, you know what? it shows the kind of strength and leadership we need in a president. do you agree? >> i do. donald trump is a warrior. he's one of the toughest street fighters that we've ever seen. i think this personifies the difference between a weak kamala harris who's all about appeasement and equity versus donald trump when's about strength -- who's about strength and making america great. that is a great con last, and i think that's appealing to the a lot of americans -- contrast -- this type of comeback, for him to to withstand a shooting and then go back there, that place is going to rock. it's going to be awesome. ashley: a lot of intestinal fortitude, as they say. jason, thank you so much, sir. happy weekend for you coming up. thank you so much.
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yeah. a quick programming note, larry kudlow will have donald trump on his show today. they'll be doing a deep dive on trump's economic agenda. you can catch the whole interview, 4 p.m. eastern, right here on fox business. larry and donald. should be great. all right, let's take a look at the futures. the market's opening in about 19 minutes, and it shows a very strong opening. the dow, the s&p and nasdaq up soundly. all right, coming up, kamala harris bashing donald trump after he asked why she about hadn't already or pushed economic plans through now while she's still in the white house. >> the former president is really becoming quite desperate. my plan is about building an opportunity economy. ashley: what exactly is an opportunity economy? tammy bruce will take a that on. i look forward to that. trump's economic plans include decreasing ab taxes -- taxes.
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with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. when kids play outside, it increases their motor skills and reduces stress. but sometimes it's hard to get them out there. try something that's hard to say no to, like bubbles. it works every time. ashley: all right, let's take a look at these futures with about 14 minutes, just under, before the marks get going for real. the premarket, we're up solidly across the board.
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let's take a look at the big tech names on the back of that very strong jobs report for september and the big tech names all up higher, microsoft, apple, alphabet, amazon, meta all up. all right, now back to this story, the strike at the east coast and gulf ports over at least for now after owners were able to reach a tentative deal with the longshoremen union. jeff flock is in bayonne, new jersey, this morning. jeff, does that mean the dock workers are back on the job today? >> reporter: it absolutely does the not, unfortunately, ashley. yeah, i'm on -- speaking of docker i'm on a dock here in bayonne which gives us a nice view of the ports of new york and new jersey. if it looks like those cranes are not moving, it is because, well, those cranes are not moving. it'll be shut today, and this is not just true of this port, but others as well. i i want to give you a sense of where we are, by the way. this is what they call, i think,
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this is the south reach of the newark harbor. this is where the ships would come in. ing normally you'd see multiple ships coming around the corner there off to the left of the bayonne bridge perhaps you see off in the distance, that's what they come under after coming through new york harbor and through the verrazano narrow. that gives you some indication of where we are. taking a look at this map though speaking of the ships, latest number exceeds well over 100ships that are headed for atlantic and gulf port ships to join the ships already at anchor in pulse if billion -- multiple ports that have not been able to unload. one of the big international shippers tells us that it'll be maybe 3-4 weeks, i think, before they think things will be back to normal. as to the contract, you mentioned tentative agreement. well, i don't know if you'd call it that. in some ways, this has been taft-hart ally light. that's -- hartley. that's the labor law that would
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have enabled president biden to step and in stop, he got them to agree to it without invoking any power, so there you go. they got 62 of an increase -- 62, a lot more than the shippers were asking, but a lot less than they were asking. i guess that's the way it works, just split the difference. we'll see if it holds, ashley. got until january 15th to work out the details. ashley: there we go. jeff flock, sitting on the dock the of the bay. kevin o'leary joins us. the union, by the way, in addition to pay, they want more benefits, better health benefits, pensions, but they also were very hot on this automation. they say row robots don't pay taxes, they should preserve their jobs. my question to you is, can they stop progress? >> first of all, there's no evidence that that's true. there's been lots of studies on automation in ports domestically and internationally.
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the trouble with east coast ports is they're very old, they're very inefficient, and when you start to compare them against other international ports like singapore and the other asian ports, we're just not holding muster up against them, and that's very bad for productivity. so we can't agree to that. we've just got to let automation go where it goes because there is zero evidence on east and west coast that if you make it more efficient and productive that it hurts wages at all. indeed, it hay increase the -- it may if increase the actual pay you give to employees that know how to use these robotics systems. it helps job creation, it helps value of wage growth. ashley: that's exactly right. someone put it as you go from being a player to being the coach once you learn how these things work, your skill level goes up. anyway, i want to get to this. listen to what donald trump had to say about his proposed tax plans. listen to this. >> i delivered you the largest tax cuts in american history and will do it again.
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we're going to get them lore, but we're going to do something else, no tax on tips. [applause] no tax on overtime and no tax on social security for our great seniors. [cheers and applause] look, our seniors were devastated by inflation. they don't get rich by this. but we're going to give them back, essentially, what they lost. ashley: so, kevin, would that plan deliver for the working class, do you think? >> i think it's fantastic to bring these topics up as a political rhetoric, but the real big difference between what harris has now -- you know, she dripped out a few policy through her vp recently, so i'm trying to figure out what the big picture is between these two tax proposals. in the case of harris, what she is proposing to the country is let us pick sectors, and we will do tax proposals for them like the science and chips act did. we're just going to focus on chip manufacturing.
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we are going to try and pick winners and losers, but there's no evidence the government ever does that. and then we're going the tax the everybody at 28% to make every 11th sector of the economy pay for that. the trump proposals are i'm not picking winners, i'm just going to to drop taxes down below 20% and let everybody fight for share, which generally is how the american economy was successful over 2000 years. so you really have to start thinking about can kamala harris pick winners or and make your pay for it, or should you let the market be the market? i think you know where i stand on that. ashley: i do, indeed. very quickly, i know you're a watch guy. i am too, i just can't afford the really nice ones. look, the first rolex ever to be worn on the moon is up for auction a, the apollo 14 mission back in 1971. the current bid is $60,000 which i thought was kind of low. you're a watch guy, kevin, as i say. you interested in this? >> this will go, watch, for
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significantly higher than $60,000. it's the second watch, actually, the gmt. yeah, i'm a huge watch guy. the the watch market is abuzz because you've got to remember rolex a few years ago owned by paul newman started for $17.2 million, and it started in similar territory in terms of the auction. this watch is a well known piece, it's been known to be in the market for years, everybody's been waiting for it and here you are. i predict you're going to be stunned by the price when it finally sells. hammer down. ashley: i think you're right. varney may come in at the last second. kevin, thank you so much -- [laughter] we'll take a looked at futures which are strongly higher and, guess what in the opening bell is coming up next so stay with us. ♪ last friday night. ♪ yeah, we danced on tabletops and we took too many shots. ♪ think we kissed, but i forgot. ♪ last friday night ♪
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take on a giant like nvidia? if what say you? >> i think it will. i think if you look at cerebrus systems, nvidia makes microchips stacked on top of each other, and she' brus is making a waffle chip that is hutch more powerful, ask and their ability to power the supercomputers in quantum computing, i think they have tremendous upside from here, and i think it's the first ipo in the a.i. sector, and you're going to see a lot of interest in this and lead to more ipos coming right behind it. ashley: yeah. certainly, i think, is going to be a booming sector, we know that. i want to get on to that jobs report, way better than expected. both july and august, by the way, were revised higher, so my question to you, kyle, is what does that make for rate cuts, the fed and the markets? >> i think it means the economy's looking pretty good. i think if you look at the recent cpi and ppi, nothing
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scary there. i think the fed can do exactly what they want to do, have a soft landing, probably won't have to cut 50 basis points, they won't have to shock the market. they can cut 25 the basis points, and i think it's great for the market, large tech, and you might see some m&a activity, and some of these companies might get bought out before with they go public, ashley. [laughter] ashley: very quickly, there are concerns about the consumer. delinquency are higher in the auto sector, credit cards. are you concerned about that? >> i mean, we're always concerned about that, but one thing that's important when you look at the average american, the consumer, when interest rates go down, your credit card debt goes down. when interest rates go down, maybe you can refinance your mortgage, maybe you buy that new home that you've been holding off. so i think it's very bullish for the consumer with rates coming down. ashley: i already feel better about things, thank you so much. kyle wool, making me feel on the member in-- optimistic on this
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friday. the bells are ringing on wall street with, they're waving, the confetti is flying, and we are off on this friday session. let's take a look at the big board right out of the gate, up half a percent if on the dow, that's a gain of around 239 points. not too shabby. take a look at the s&p as well. you can see the dow board there just certainly more green than red, that is for sure. let's take a look at the s&p up three-quarter withs of a percent at 5744, and then as we talk about tech, let's take a looked at the nasdaq if we can. that, too, is moving much higher in the premarket and, indeed, it is the up more than 1% on the nasdaq, up 217 points. let's take a look at the big tech names. they were all moving higher in the premarket. that is the story. check out amazon, up more than 2 right out of the gate. alphabet up more than 1%. apple higher, meta also up
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around half a percent. let's get back9 to one of the big stories, the port strike is off, at least for now. how are the stocks reacting? >> yeah, you have system of the shippers down earlier, particularly overseas, companies like mers ifing off earlier this morning 6.5-7, they were hoping the longer the strike goes on in the u.s., that they can gain a bigger share of the global shipping space. clearly, that no longer on the table. the retailers probably also giving a little bit of a boost, but some of that's probably also the good news today with that good jobs report. do have some of those companies up here in the greenashley: ver. david, very quickly, you know, for every day a port is shut down, they estimate it's about 5-7 days of recovery. so three days that's, what, 15, 20 the odd days. thank goodness we got this resolved at least for now before the busy, busy holiday retail
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season, right? >> yeah. i mean, we'll never know how much worse it could have gotten and also the formula for how bad it is the is tough because this was an inventory buildup already. there may have been a little excess in there, but it's good that it's over, there's no question about it. if. ashley: yeah, absolutely. all right, taylor, let's move on. let me ask you this, did jpmorgan raise their price target on tesla? >> well, they did, but they raised it up to about $130 if a share, and the stock bright now is almost $2500. almost a 50% -- 2500. -- 250. they are saying they think this'll be the first full year where they do not grow deliveries, and that will cause consumers to be more cautious on the valuation of this company. ashley: what's your take on tesla, david? the it's a mercurial stock, that's for sure. >> i'm very grateful that my company only puts price targets on companies we own. we don't own this one, because
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you can't put a price target on it. it's so volatile and there's so much moving parts around deliveries which has been tesla's biggest volatility for years. ashley: yeah. all right. well, we go from teslas to airlines. taylor, is spirit airlines looking into bankruptcy? if. >> they are, which is why they're a dollar stock, right? $1.50. they have a $3 billion debt load, 1 billion of that is due within the next year. my problem with this is this was a government that blocked the merger between jetblue and spirit, and they said, no way. if those two companies merge, prices are going to go up for consumers. bell, guess what in the government stops the free flow of capital and then you have spirit airlines which is looking at bankruptcy because they can't work without that merger or with jetblue. ashley: ash yeah. some good points there, taylor. yeah, get the government out of it. david, stu always says i wouldn't touch the airline with a 01-foot pole. are you the same? >> very much.
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warren buffett once said he wanted a 12-step program for people who wanted to buy airline stocks. taylor nailed this. this company died the day the government blocked that that merger, and they blocked it for no reason at all. ashley: yeah. terrible. all right, let's move on. jeff bezos apparently no longer the second richest man in the world, so who is, taylor? >> mark zuckerberg with, right? if he's now worth about $20 the 6 billion as of close yesterday. we'll have to see how the stock makes out today. elon musk clearly number one and then zuckerberg just replacing bewith sos in the horse race between -- bezos between second and third race. ashley: either way, you're a winner in that race. david, are you a zuckerberg fan or not? >> you know, i don't know him well, and i maybe it a habit of not becoming a fan of people i don't know.
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jeff bezos is the third richest man after having to give away half of his money a couple of years ago. ashley: taylor in. >> this is interesting, it's not being rolled out on a wide basis, but a few users have rereeled -- revealed they get blue check marks for a business. so if i'm googling a business and i google fox business, i might get a blue check mark, this is google's way of trying to deter people from clicking on web sites that look like fraud account. again, not widely rolled out but something that google's thinking about wanting the highlight, businesses that they deem legitimate. ashley: it's interesting, david, you know, if i'm a going to do any search, i only ever use google. i don't use any of the other ones because i always -- if i try it, i'm always disappointed and go back to google. how about you? >> i think most everyone feels the same, even people that get really mad at google sometimes, they end up having to use it. there's only a few companies
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like that that, but their dominance with search is pretty much if unprecedented. a. ashley: i think you're right. all right, david can, you brought us a couple of good dividends picks. let's begin with american electric power. >> yes, i purposefully picked a couple because stuart wasn't here, and i don't have to justify lower dividends because, you know, he just won't listen to me on the importance of dividend growth -- [laughter] and i know, ash, that you will allow me. aep, utility name. we desperately need more electricity production. these big data centers they're building, they can't get power. it's a huge theme. i've had many meetings here in new york this week on this very subject. ark ep is a great utility -- aep is a great utility play. ashley: and i see on my screen it says apollo, i'm assuming that's not the old space program. >> no. apollo being the second largest asset manager on wall street with, hedge funds but especially
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private credit, real estate and has grown tremendously. we bought it at about 30, it's at 130, and we're still long. they're continuing to grow. they're running, ash, about $600 billion. they set a 5-year goal of $1.5 a trillion, and we believe they're going to hit it. ashley: wow. impressive, david, thank you very much. and taylor too, great segment. coming up, president biden was asked why he hasn't called benjamin netanyahu. there's a lot going op. he says well,s there's no action going on right now. really? iran just launched its largest ever ballistic missile attack on israel, so where is the urgency? nathan sails will respond to that. meanwhile, donald trump is using tim walz's biggest debate flub as a reason voters how old avoid the democratic ticket. >> how about the vice president, that that's going to be president? he called himself knucklehead, we don't want a knucklehead as a
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president. ashley: will walz regret calling himself a knucklehead? steve hilton will have a go at that one. hurricane helene is one of the deadliest storms to hit the united states this century. the cajun navy has been providing relief to the most devastated areas. the vice president of the cajun navy will be here and have the full story next. ♪
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and support america. find your fit at wt.com (♪) ♪ me and my friends ♪ ♪ life is better with the credit gods are on your side. rewards once available to the few are now accessible to the many. credit one bank. get cash back rewards, and live large. ashley: search and rescue operations still underway in north carolina after after hurricane helene. the storm is now one of the deadliest to hit the u.s. this century. jane minar is there on the ground and, jane, what is the latest on the recovery effort? >> reporter: well, i can tell
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you that the national guard is still performing search and rescue. they've done almost 146 missions, over 500 people haveb. just yesterday the national guard putting out video of a rescue in neighboring nearby counties over in burnsville, north carolina, where they rescued people from their home. we know that in tandem with the national guard out of connecticut, they too have been going to rescue the elderly, pets, young families from the devastation. a lot of this after they've been trapped for days in their homes. look at the destruction behind me. now, i will say it is the good work of the relief organizations on the ground that are getting to these hard-hit areas. we're in cove creek, north carolina. it is a small community just outside of boone, but they need the help desperately, and you can see everything that samaritan's purse has already done in the last 24 hours. they said 80 crew members were here just taking apart all of
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these flood-ridden homes. now, you can see samaritan's purse, they're back out here working today. neighbors off in the back on the other side of cove creek helping out their fellow neighbors, putting out those work orders because the problem we're running into here is that service is down for a lot of these rural towns. and so samaritan's purse and these disaster relief organizations can't even get out to some of the hardest hit places because they don't know it's there. this is a historic home owned by the mass family. it was the second oldest general store back a long time ago. it has since been new owners, they turned it into a home. a young family rescued here when those flood waters came up well above the the height of these windows. everyone is safe, and i just spoke with the owner, gave her a hug, and she said we are going to rebuild. ashley: all right.
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jane, thank you very much on the ground there. joining me now i is the vice president of the cajun navy 2016, ben. ben, you guys, of course, have been involved in the search and rescue efforts after helene, but what are you seeing on the ground right now? >> right now we're seeing mass destruction and devastation. if this is unparalleled. this is unlike anything we've ever seen before. the force of the water that came down through these mountains is just wiping out whole entire communities, whole entire towns. this is understands precedented. this is like -- unprecedented. this is like nothing we've seen before, and we've been doing this for a while. ashley: is the problem -- i understand there are as many as 200 plus roads that are just impassable. are there still communities and people completely cut off right now? >> absolutely. we're receiving phone calls, text messages, e-mails.
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we have 1400 something e-mails within the last 24 hours. most of those are concerning -- and not all from the same, this may be family members reporting, so please don't take it as these individuals are sending us messages, but we're seeing a lot of people still trapped. this is a rural community. so people have long driveways, they may be trapped. the roads getting to their community or their drive has cut them off. so you're seeing large, massive amounts of people they're trapped up in the mountains that can't get out because these roads are completely gone. they don't exist anymore. ashley: and that said, ben, is there enough government assistance? >> you know, that's a great question and i don't think there's enough assistance from anyone in the sense of, you know, our government, we shouldn't rely on our government. that's where churches and private organizations such as
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ourself step in. if we rely strictly on the federal government, they can't handle that. that's overwhelming. no department -- and i hate to say this -- no department can handle an event of this type. and so it takes your nongovernmental organizations, your ngos, your churches, they play a huge role in this. and that's where we come in. ashley: well, ben, it's people like you that make a tremendous difference. we thank you if for what you're doing on the ground there and all the community members who are coming together. but, clearly, we're still just getting a sense of the scope of this disaster. ben, thank you very much. appreciate your time this morning. i know you're very busy. meanwhile, members of the national guard from 16 states have now been deployed to help with this recovery. lauren, how many troops are we talking about? do we mow? lauren: 67000 -- 6700 army and air national guard doing rescue operations, delivering the food, the aid and clearing the roads.
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i mean, many of them are impassable because helene was the second deadliest u.s. storm after katrina and, you know what? it's pretty active this hurricane season, more hurricanes are on the way. ashley: i mean, i think parts of these areas got, what, 30 inches of rain in 48 hours. i mean, it's just can -- lauren: a 1 in 1,000-year storm. ashley: awful. lauren, thank you very much. all right, coming up, iran vowing retaliation if israel crosses red lines. biden is urging israel to exercise restraint. will he fully support israel in a wider war? well, tennessee senator marsha blackburn will join us in the 11:00 hour to talk about it. kamala harris facing a wave of bad news, but so far she's mostly avoid ised pressing questions. we'll have the full report next. ♪ happy hour's like a holiday. ♪ hanging with you's like getting away. ♪ let's conversate for a little while.
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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. ashley: today vice president kamala harris will be in michigan, but she's still avoiding questions on the campaign trail. mark meredith at the white house
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this morning. all right, mark, i guess the question is, any chance she'll answer some of those questions today? >> reporter: ashley, the the day is young. we'll have to stay tuned, but the big question was going to be on the dock workers' strike if it has -- had dragged on, not to mention political headache for the white house. the white house today applauding this tentative deal, but it appears the vice president is still struggling to win over some of the big labor unions which traditionally would rally behind democrats. both the harris and trump campaigns sought the support of the international federation of firefighters, but the iaff which backed president biden four years ago is not endorsing anyone this cycle. it writes: this decision, which we took very seriously, is the best way to preserve and strengthen our unity. we encourage our members and all eligible voters to get out and headache their voices heard -- make their voices in the upcoming election. it also comes after the teamsters' union also chose not
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to endorse any candidate. democrats have traditionally been able to get the teamsters behind them. politico writes this could be a sign of trouble for democrats in the fall, quote, the labor groups do have some harris supporters on edge since trump has succeeded in cashing into the party's historic advantage with rank and file members. this morning we've learned that harris is going to the campaign with former president obama as soon as next thursday in pittsburgh. he's also expected to hold events between now and election day. harris herself, she is on the stump today in michigan, a state where polls show her still in a very close race with former president trump. he'll be in battleground pennsylvania tomorrow, ashley, for a rally at the same place where the shooting happened in july. ashley? ashley: indeed. mark, thank you very much. appreciate that. david bahnsen is still with me. david, you know, what, we're about a month now away from the protection. how much of a disservice is this doing to voters when we don't hear from kamala harris especially for those, you know,
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in the financial world? what are her plans? what are the details? we just don't have them, do we? >> well, we do not. and two things are true at once, it's the right thing for her to do politically. she does far worse when she does get out there and talk both because of her difficulty in articulating it, but because the message itself is not sellable. it's big tack, big government, big regulation. the american people don't like it. it's best for her not to say it, but that is what's behind it. that's what her underlying philosophy is,. ashley: ash yeah. i think it says it all, really. david, thank you so much for joining us for the whole hour. we didn't get into arguments over dividends, it's all been smooth sailing. great to have you here, thank you so much. still ahead on the show, donald trump leading in the polls on the economy, but are his tax plans enough to put him over the top in tammy bruce will ea -- react to that. real estate expert ryan serhant will weigh in on the
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health insurance prices looming after hurricane helene destruction. tim walz called himself a knucklehead. is that what voters want to a hear? steve helton will have fun with -- hilton will have fun with that. and tennessee senator marsha blackburn. the 10 a.m. hour of "varney & company" is next. ♪ ..
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