tv Varney Company FOX Business October 10, 2024 11:00am-12:00pm EDT
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every inch of this business is destroyed. >> saying hang on, inflation is coming down. it's just not a straight line. it's not happening as fast. the fed will go slowly and stocks can go up. we got ahead of ourselves and this is just a little check. >> something is amiss with the polling and trump is doing better than they show. driving florida is great policy on tax and what do we do with this? do we shut them up? do we ban them? imprison them? who walled they like? that's the scary part. >> people many more people heeded the evacuation warning after the last storm.
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stuart: that looks like tornado damage. garner desantis and fema say florida avoided worst case scenario and desantis spoke with the president and white house says it's ready to provide any federal support needed. to the airports, tampa international will be able to reopen tomorrow and land owned announced they'll reopen and they're over 3 million people without power and casualties con if iif i wered and largely resuf tornadoes that spun off milton. all the latest updates through this hour. getting to the markets and dow industrials down 150 now and less red ink for s&p and nasdaq and all down on the board. show me big tech.
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it's a mixed picture and 134 on vivid ya now. amazon 186 but alphabet, apple and microsoft are down a little. the yield is going up and downside moving will come to an end. now this, donald trump and kamala harris are day and night. complete opposites and trump added to list of proposed tax cuts and repeat cuts and he would abolish income tax of americans that work abroad have to pay. add that to no tax on tips and no tax on overtime, no tax on social security benefits and keep the huge tax cuts that he should put in place in 017.
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kamala harris is going the other way. she'd raise the tax on businesses, raise the tax on billionaires, raise them and a tax hike for everyone. promoting g.o.a.t. and harris hell bent on hiking tax to re-gutierrez wealth and income and my opinion is growth. that's what trump delivered in the first term and everyone benebenefited and unchained suc. my colleague charles payne would say, bring back the animal spirits and bring back prosperity and don't get that with tax hikes and they don't get much joy either. third hour of varney starts now.
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>> what you see in kamala's approach is real incoherence and see the divide between what she's saying she's going to be able to achieve as president and the actual policies that she is advocating for and has advocating for in the past, policies that are going to hurt the middle class that are going to only increase inflation and are going to actually deal with the problems that americans see around them. instead she offers band-aids to all the things and complaining about price gouging as if that's what's driving the cost of groceries and the like and i think that one of the thins we've seen is that the reason that donald trump has had such a strong performance over the course of the past several months is that people have a lot more confidence in him to get the economy moving and seeing growth under his presidency all the way up and through the pan democrat and i can that's something that the biden harris administration swannedderred and they didn't -- squanders and
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didn't have inflation and many ways lived up to its promises and instead drove things to become much worse for the average american. there's no confidence in her economic agenda at this point. it's one of the reasons she's struggling. stuart: a keen peek poll showing michigan was ahead in michigan and wisconsin. now the same poll shows trump leading in those states and by the way, closing the gap in pennsylvania. seemsto me that trump has momentum and more. >> approaching a campaign on the assumption and media can market you as some type of generational talent and something she's never shown herself to be and counting on a lot of people to make the case for you based on vibes and not on anything you're going to do as president and someone with
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momentum and she's not been successful doing that and blue wall they had is increasingly trending towards donald trump and they don't really have a plan to get their fed-back under time to win in november. >> this is palm beach florida and drone footage and that house or whatever it was has been completely demolished and that is tornado damage. one of the features of this florida hurricane this time around and that's a live shot by the way. the damage the tornadoes did and a fee sure they were a record number of tornadoes. hitting the state with the particular hurricane and not seen that many or that force
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before. we're going to show you shortly and rest of the houses on that block and some are untouched and you can see how the tornadoes draw downright onto specific area and short a small area and panning across and neighboring houses and that one is in bad shape. that's the nature of the damage we're seeing and pockets of real devastation is many places not entirely untouched and damage is much left. houses merely destroyed. getting to the markets and we have a lot of red ink on the dow at the moment and off 140 points and not that big of a loss. just one-third of 10% of the nasdaq.
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stuart: elon musk rolling dice with robi robotaxi event this afternoon and bringing star link to the hurricane victims and this guy is the most important and dynamic executive in the american business today. am i going overboard with this guy? >> no, living in the era of peek mus and can living best life and has the wherewithal to do it and only human being in this world that can be canceled. he has enough money to do what he wants. same with dave portnoy saying you can't cancel me, i built this. the good he's doing and prolific hype sterlinster and robotaxi ar link and has a lot to prove and he's proved himself being a tremendous asset to the american
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society. lauren: all skiddish and never getting in the robotaxi and genius or expert in intelligence and you're told to keep pushing where society is uncomfortable and eventually they get on board and then you have the product you want and that's what he's doing and the time line is for investors but that's what he's doing. >> i agree. the best visionaries look above and across the horizon and see what's coming before everyone else and bring to reality. stuart: more extraordinary video and this is of a helicopter or drone footage. it's palm beach. >> in 2004, it's a characteristic of all hurricanes and right front quadrant is what spawns the conditions of the tornadoes. lauren: 126, record, tornado warnings for the state of florida and same in fast and furious and unexpected for is
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many people and people not in the cone of devastation for the hurricane got a tornado. stuart: some people escaped the worst damage. some people bot hit by the tornadoes and are really suffering big time right there. that's live palm beach, florida. i'm going back to the markets, please. we have financial action. lauren, you're looking at movers. i want to know about supermicro down. lauren: barclay reduced for ai server makers margins and they've been cutting prices to up their market share and let me bring in elon musk. elon musk his eai is supermicro and they want them good to keep them and reporting earnings the end of the month. stuart: devin energy. lauren: mass fuel buying and ahead of the storm and quarter of gas stations in the state were empty. so you have that but you also have higher worries about the middle east. when and how israel responds to iran's ballistic muscle attack.
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stuart: best best of my recollectionen stock. lauren: i have many, you have non, stuart. they're going up and they see double digit revenue growth. it's going to tell you how to create chaos proved portfolio at 2:00 p.m. eastern here on fox because. coming up, donald trump joined a popular podcast with comedian chatting and joking around with a group of four young guys. watch this. >> i can come back to exactly where i started. now, some day when you don't come back to where you started
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-- >> you're biden. >> yeah, but believing is the way. stuart: he's appearing in some interesting venues and trying to win over young, male voters. is it working? take a look at this, crane crashing into the side of a building in st. pete, florida. talking to a business owner in that city, both stores were devastated by helene and how he did with milton right after this.
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stuart: a billboard ripped out of the ground in clear water, florida and landing on the roof of nearby restaurant. see that all over the place. get to fox edge reporter in tampa bay. what are you seeing, conner? reporter: stuart, good to be with you. we're learning we saw 10-15 inches of rainfall in the tampaway area and we saw the hurricane force wind and rain ripping through the downtown area and the huge tree limbs down here and tampa did not even get the worst of the storm like expected. further south into st. pete, we saw really shocking video and entire panels of the roof of tropicana field where the tampa bay rays play was lifted off and
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this is a building supposed to withstand hurricane-force winds but sections peeled right off. we also awe a massive construction crane fall and the hurricane made landfall in in siesta keys and that's where it was the worst damage and roads were flooded out and people were stranded and weather correspondent herd from ron desantis not long ago and moving into a rescue phase and more than 100 of the rescue missions are going on right now around 50 people have been pulled out of those dangerous some areas on
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the east coast of florida that are dealing with the aftermath of that and some people lost homes to tornadoes and hurricane rain dumped on them and we're learning the oaks tent of the storm and it's two weeks after hurricane helene made landfall in the state. stuart: both of the candy kitchens wrecked by hurricane helene and just got hit again by milton. bob hofmann is with me. how extensive is the damage this time around? what are you seeing, bob? >> good morning and thank you for having us on and appreciate
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you taking the time to spotlight on our store and our beautiful beach front community. we evacuated on monday and we're in the villages and have not had a chance to go back and people on the ground in our community have suggested that the damage is not what we expected. we're anticipating a title surge that would have been catastrophic and the amount of debris for a week and a half before and hurricane helene and going back tomorrow for all to assess the damage and going for the rebuilding process.
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>> the islands and expense is going to have control and we had a quote that was north of $30,000 for flood and hurricane insurance on a store that's about 750 square feet, calculated risk obviously but in our critical process and assets lost are significant for the last one and going for them and as quickly as they can and not going to have level of crossing that will be going for them and memory if you will and it's going to be a long road to recovery and for the entire village and that entire island was underwater by several feet. stuart: we shall remember the candy kith and see what we can do when we are down there. love to see ewe get back in business. good luck, sir. good luck. >> appreciate you, sir. thank you. bring in ashley. he lives in florida and still live there is. how did you do in the storm last
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night? ashley: pretty good. the original forecast was not very good. it was pretty grim and expecting winds from 70-80 miles an hour and that would have wiped out the power and we escaped and we were supposed to have a storm surge of about 3-5 feet and all was just fine. we could hear all night the high pitched wining and that was just me. no -- whining, and that was me. no, it was the storm. the banging and clanging around outside and steel hurricane shutters you can bring down like the movie the purge. you kind of encage yourself in this thing and i felt pretty safe. we've done okay. obviously it's debris everywhere outside but more importantly we didn't lose power. i hope i haven't jinxed it but so far so good. stuart: ashley, the trump people are helping utility workers brought into the state for milton. what's the trump family doing for those guys?
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ashley: trump organization invited more than 200 front linemen to stay at their gulf resort in miami and donald trump has been very critical of the federal response following the devastation of hurricane helene and they posted this on x "honored to have 275 incredible linemen from fpl, florida power and light staying as they get read i can to respond to hurricane milton aftermath and you're amazing and the trump family and entire state of florida appreciates you. enjoy the rooms, they're the best in florida". get a plug in there. be safe he said. more than 50,000 linemen were activated for hurricane milton. more than 50,000. they're an amazing group. stuart: another problem from the hurricane. flooded electric vehicles. they can burst into flames?
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salt water. governor desantis said something about this. lauren: yeah, the salt water can corrode the batteries. here he is. >> if you have an ev and in an area susceptible to storm surge, your ev gets inundated with salt water, it increases the fire risk and those are difficult to put out and those people have had homes burned downs as a result of e vs in the garage with storm surge. if you can, move that to higher ground and prevent salt water intrusion. lauren: i can put numbers on this. after helene about two weeks ago, 48 battery fires reported. 11 of them by evs. okay. 11 is a drop in the bucket when you have a quarter million evs that are registered in the state. that's catastrophic for some people. also, salt water intrusions is cagous for the batteries in electric wheelchairs and golf
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carts and remember all those things moving about everything else and needing to isolate that item with lithium ion battery. stuart: got it. thanks, lauren. donald trump coming back to the belly of the beast. he wants to flip new york. >> we just rented madison square garmin ken. we're going to -- garmin ken. den. we're going to make a play for new york. hasn't been done in a long time. stuart: he's right. also making a play for deep blue california and not letting harris take anything for granted. it's all over that one. check out this video from pebble beach, florida, this morning and that's on the east coast of the state and trees on houses and roofs with significant damage and debris littered across the street. latest with eyes on milton. we'll be back.
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when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on a deployment.
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i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training mission. did a military freefall, and i had some faulty equipment. i hit the ground. going, 30 to 40 knots and was instantly paralyzed. i met jack fanning when he invited us to park city, utah, through his foundation. i was able to actually get on the mountain and ski with my family, i can't put into words what that meant. i got paid in the military to do crazy fun stuff. and after my accident, i'm still that same guy. and when i was able to jump out of a perfectly good, helicopter, at 10,000 feet, i did it. i was talking to some vets last week amazing how we have these houses where they can come over because they■re in chairs too. carpet and wheelchairs don't mix very well. tunnel to towers,
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they got rid of all that. they redid my whole bathroom. that's probably the favorite part of my house. i thought they were just going to do the upgrades. but the surprise to me was they paid off the entire mortgage. when they told me they're going to pay off my mortgage, i cried. please contribute $11 a month by visiting t2t.org now
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stuart: lou basenese is with me and brought his stock picks. >> charles payne said he avoids bio tech and the science is too risky and mott easily inspire hopeable and gone through fda approval and recognizing $100 million in addition until sales and they have a per car die tis drug in the pipeline and treats 50,000 people worldwide. pericar die tis and going to fund auctional drug development. don't have to go somewhere near the binary post. >> we do a lot of work on ip in that case and early stage preclinical phase one and the most risk in phase one and two
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and cancer about # 2-3% of drugs that start the process and make it through approval. stuart: tell me about s&p 500 dividend ticker nobl. >> yeah, a more conservative tack and volatility in the market and fed cutting into bond yields, this is a way to play by owning the dividend growers and companies in the etf raised dividend at least 25 years in a row and many done it f 40 yearsn a row. report higher profits and usually in consumer staples and industrials and etf that allows an attract i yield and benefit from capital appreciation. stuart: like david ban san, the kif kenned man. >> that's a compliment. stuart: former president trump back in swing state michigan today and going to speak at detroit economic club. alexandria hoff is there. what's his big message today,
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alexandria? reporter: stuart, going to talk about domestic manufacturing as a focal point and particularly electric vehicles and that's been a key debate issue in the senate race taking place and senator jd vance was in the state earlier on tuesday, he called the $500 million grant to make gm compatible plant for ev production "table scraps" compared to potential job losses he sees with the biden harris push towards ev if it continues as it is. former president trump blast off in michigan last week in redding, pennsylvania, yesterday. >> i will stop outsourcing and turn the u.s. into a manufacturing superpower, especially with the car industry. they're going to love me in michigan. the auto workers may love me more than anybody else and if i don't win, there'll be no auto workers within three years. we won't make any cars. reporter: the former president also celebrating recent polling in the state of once
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impenetrable blue wall being michigan and the latest quinnipiac polling stands 57% to vice president's 47% and trump had a small lead in wisconsin and behind 3 percentage points many pennsylvania and voters here in michigan started casting their ballots and we've heard back that over 300,000 going down for september 26th and early in-person voting doesn't start till about two weeks from now and voters are going to make their mark on that senate race and you have democrat looking at me and rogers pushed back saying the way to beat china in the race is selling americans cars they want to drive. we expect to hear more about that next, stuart. stuart: thanks, alexandria. donald trump is appearing in very different and unusual venues and sat down for 90 minute interview on a popular podcast. he talked to four young guys and addressed policy questions and cracked a few jokes.
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watch this. >> you need an extraordinary memory so you can come back. >> going over here. >> i can go so far here or there and i can come back to exactly where i started. some day mott coming back to where you started -- >> you're biden. >> you're biden. yeah. >> stuart: they liked his jokes and boston globe and donald trump role model and what draws men to the former president? we're joined by the writer today and is he picking young male voters. >> it remains to be seen. anecdotally and i've been in a lot of trump spaces and rallies for example, i'm seeing more and more young men rallying and the democratic party hemorrhaging young men and 50% of young men in 2016 and 023 dropped to 59%
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and young men going out to places they like usf and i've been watching the podcast and trump going on and reaching out to them and they're dis-brunt led and economically facing challenging and falling behind economically and higher education and going for them and they like the masculinity. >> everyone said they admire donald trump for his business and they think he makes it okay to be masculine. stuart: trump will hold a rally in new york's madison square garden mine days before the election. >> how could new york be run worse than it is.
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stuart: he's going to coachella and not letting kamala harris take anything for granted and why is he going to california and new york city? deep blue places. i mean, they're not really in play, are they? >> they aren't but for him it's about he's talking about leadership in new york and it's about pointing out the failures of the deep blue states, cities, and how they're managed and i think that he's drawing that parallel but i would suggest if you want an uphill battle and fruitful form of new hampshire and that's interesting to see him in pl places that cannot ben play electorally when there's other spots the trump campaign is falling behind. >> reach out to the entire country if you can't win the state, to unify, it's mesoat times. stuart: part to reach out deep blue when you're red, is that your strategy? does it work. lauren: help the country-specific ballot races and house races in new york for instance and maybe in california. stuart: that is true.
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karine, thank you for joining us. coming up, judge jeanine piro with a brand new fox special taking a look at migrant crisis. watch this. >> do you know what happened that day and i said accident. the guy turned in front of dominic and hit him, almost head on. he said well, it was an illegal alien. stuart: judge jeanine is talking about the sanctuary cities and sates. she's going to join us later in the show. residents of tampa already struggling to recover from helene. now they have to deal with the fallout from milton. my next guest is a doctor in a cancer center. did they have to evacuate any patients? his wife by the way is seven months progress and alone in the house during helene. what does that do for you? tell you about milton next.
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stuart: the price of oil is moving up and i should tell you because of that, gasoline prices have begun to move higher as well. energy stocks are higher and energy prices are going up and conoco phillips, exon and eog on the upside. st. pete beach was hit hard and look at furniture kemp bre and sand covering entire road and that'll be impastramiable for awhile and -- impassable for awhile and sofa perched on top of mountain of sand and also other furniture there completely destroying damage and emergency crews are having st. pete beach early this morning and clearing the sand and down trees from the road. they're trying to get recovery going.
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steve harrigan is in tampa. what are you see? reporter: stuart, people trying to move through the flood waters and some roads 2-3 feet and 12 inches of rain water and this road acoemeti through with a pickup truck and a lot of people don't have that luxury and they're going by foot. we've seen a lot of families sometimes with small children and one man on a bicycle and often carrying their possessions in plastic bags so very difficult situation for allot of people whose cars were flooded and trouble getting back and forth to work and trouble getting to homes and flood water up quickly and took a lot of people including this woman by surprise. >> i started walking because my girlfriend lives four blocks from there and i thought i could make it. go about a block, the water comes up to here and i'm falling
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down and i'm yelling and a gentleman comes out of his house and he pulls me in and says get in here. he had no idea who i was. his maim is roy and, roy, thank you for saving my life. because i almost died. it was really bad. i've been here all my life and never seen anything like this. reporter: at least 50 water rescues performed over night across florida and many by magsal guard and first responders and some just by civilians that saw somebody in need and helped them out. real tough emotional 24 hours for people along the florida west coast. stu, back to you. stuart: good stuff there. dr. kevin olson joining us now and he's a anesthesiologist in critical condition in moffit cancer center in tampa. did you evacuate any patients before milton, sir? >> no, we have ambrette plan and bring in the sick sparkes to the hospital in order to get treatment if they need it during
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a hurricane and it's pretty innovative on their part and, you know, they did prepare for this all yearlong. stuart: more personally, your hope was damaged in hurricane helene, and your wife is i believe 7 months regular was inside the home. that mug have been personally very difficult for you. >> we're able to evacuate her before things got too bad. she was able to get up to the villages, which is about an hour and a half northeast of us prior to any flood water coming in, but you can see from the images, the house was absolutely inun-indicated with flood water, 2-3 feet and lost everything in the house. just absolutely devastating to come home to. stuart: where do you stand on insurance? >> so we have, you know, we know we did everything right. we have flood insurance, homeowners insurance, i contacted fema all during the night when this happened. all the adjustors were fantastic and came out quickly. but there's a lot of red tape
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associated with this. it's difficult in order to get your claim paid. we've only seen $750 be deposited so far. nothing else as of yet. stuart: fema and governor desantis say tampa avoided the worst case scenario, avoided worst damage, would you say that's true? jowski there's a lot of big trees down and power lines down and flooding i drove by our house today, the flooding is not as bad as during helene. i think we avoided the storm surge and auctional flooding but there's a cig -- significant flooding but there's still a large amount of damage. curing the last hurricane i was on for 36 hours and luckily this time it was not my turn. i get to go back to work tomorrow and my colleagues there since wednesday will go home. stuart: best wishes to your wife, please. krugere, it was a pleasure having you on the show. good luck to you, sir. thank you very much. >> thank you very much. stuart: get to look at dow 30 and sense of the market. i've bot to get a new expression
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and my sense of the market is there's quite a bit of selling. plenty of red on the dow 30 and it's mow down a quart r percent, 106 points. next case, judge jeanine piro personally spoken with family members that lost loved one at hands of mayans. judge will tell us what it'll take to make that happen. she's next. look at this, that's a live look at cocoa beach where surfers are out already.
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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. stuart: one of the hangers at tampa airport severelied and they're announcing reopening plans later on today. we have judge jeanine piro with us and fox special sanctuary america and real impact of migrant crime crisis. take a look at this preview. >> dominique was my only child.
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hyperoidly told everybody he's a mama's boy. >> she would learn was killed by a man with no business being in this country, much less behind the wheel. >> one of the officers first on scene recamiersed dominic. and -- recognized dominic and he said do you know what happened? i said well accident. the guy walked up and hit him almost head on. he said it was an illegal alien. stuart: what does it take to end sanctuary status for cities and states? >> you know, that is ambrette question, and i think that is a question that a lot of americans are asking given there's many women and men and family members who are living without family members that were killed by people with no right to be in the country in the first place. in the fox nation special, we go
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into when was the first sanctuary city, whose idea was it and what can we do about it? what's interesting, stuart, is that some of the elected officials say no, we're not sanctuary when they are. i think is going down to the police departments. who's in charge of the police department? if the mayor is, the mayor can tell the police department we have to follow sanctuary policies, which means we do not notify ice, we do not hold people on a detainer and we protect illegals. make no mistake, to all the viewers out there, sanctuary means if an illegal commits a crime in a jurisdiction, they will not arrest, they will not give them to the feds and they will not deport them. i wonder, what about equal protection. maybe we ought to give american criminals the same benefit. stuart: can the federal government end sanctuary status in cities and states or does it have to be the locals? >> the locals because they're the ones that had the defendants
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and then they make the decision that they're not going to tell the feds. so you talk to ice and they'll say we don't even know about it or when i was a da, they'd put in a detainer and i tell my guys hold them for 7 # hours till they show up. now what the local police are doing are saying let them out the side door. contested tell them when they're coming or when our guy is leaving. americans every day are suffering, stuart, in new york city tren de aragua, i'm sure you know too, they're on the motorbikes. these are people that want to take down cops, firearm in this country are looking for police protection because they're uniforms are being misinterpreted by tren de aragua as police. stuart: any such thing as sanctuary city or state run by republicans or just entirely a democratic thing? >> i would say it's well over 90% democrat. -some republicans in democrat contributes that won't make a decision.
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look, new york state, mai city, you go to certain counties and those counties will say to hell with this, we're taking care of law and order and that's why we need a president who's going to make sure these laws are respected. you've got to see this special because these mothers break your heart. stuart: they would indeed. judge jeanine, we'll watch on fox nation. good to have you this morning. >> good to be with you guys. stuart: i'm going to change the subject for one moment. this is the thursday trivia question. play if you'd like, judge. when did california become the most populous state? 1938, 1948, 19 -- contested say now. 1955, or 1962 much the answer, including judge jeanine's idea, after this. chase really knows how to put the hart
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ashley: 1955. lauren: i will take number 2, 1948. >> 1955. stuart: it is 1962. >> what do i win? stuart: you get a round of applause. the golden state boasted a population of 19 million people in 1962. the state has 39 million people. that is it, thanks very much. we will all be back soon. that is why she is going to back. coast-to-coast starts now.
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