tv Varney Company FOX Business October 11, 2024 10:00am-11:01am EDT
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residents of florida cleaning up after hurricane milton, 17 have died, the worst damage seems to have come from tornadoes. crews are working to restore power to millions of floridians but 2. 4 million are still out of power. heroic first responders have rescued nearly a thousand people from floodwaters. we will get the harrowing personal stories from victims across florida later in the show. check the markets please, solid green for dow industrials up 180, the nasdaq down 33. the 10 year treasury yield moving above 4%, 409 right now. oil mid- $70 per barrel, $74.91, bitcoin at 60 one thousand 700. coming at us now the latest on consumer sentiment. lauren: preliminary october number came in at 68. 9, surprisingly decreased and substantially so.
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the reason is inflation. our one year inflation expectations increased 2. 7% to 2. 9%. 9%. stuart: consumer confidence down. now this. this was media blitz week for kamala harris. it didn't work. there is little evidence of a bump in the polls and the democrats are worried to. at the heart of her problem is she cannot differentiate herself from joe biden. she was asked about this on several occasions but never got beyond i'm a middle-class kid or i'm a woman of color or at worst when asked what she would have done different from the last four years if she had been president she said there is not a thing that comes to mind. really? the biden presidency is failing fast and she can't think of anything she would have done differently. she is basing her campaign on a feel-good campaign of joy but comes across as vacuous, empty. she couldn't tell 60 minutes how she would pay for her
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spending increases and harris coming out, the view saw a version of the interview that had been edited to try to make her look good. i guess that is a measure of the trump hatred at cbs but doesn't help her. the obama people didn't care for harrison the first people and are nervous. david axelrod says she stalled out after ten days after the debate. he is right. the polls show it. she has lost momentum. obama himself sees black support lacking, made a direct racial appeal. for that, you have to vote for harris. the democrats are worried. there problem is this week's media tour has revealed an empty vessel, she is trying to conceal that with platitudes. it has not worked. we don't know who the real kamala harris is and we don't know if she's any different from joe biden. second hour of varney just getting started.
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now it is time to listen to what kamala harris said when asked about prices being too high. >> i know prices are too high, you know prices are too high and we have to deal with it. here's how i feel about it. you have heard my story. i come from the working class. i will never forget where i come from. i -- part of what we have to do is build what i call an opportunity economy. stuart: tammy bruce is with us on friday morning, exasperating, isn't it? >> normally if you get a question you are not sure of, what didn't i know, what could i say better this time? i haven't people responded well? she's none of that, she doesn't go there which is remarkable. she knows she doesn't have anything new to say. we don't not want her feelings, we want her plan.
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she is part of a problem. and this is a distraction from the policies that created this inflation, she embraced them, that she wouldn't change anything the last four years, even the afghanistan withdrawal, the catastrophe, and how it was implemented. there is a deal with biden where she can say that was horrible. i'm sorry that happened. she can't even do that. what americans are seeing is not that she was nervous or didn't know what to say or it was her first time out but she was in the public eye for years. she doesn't have anything to say. stuart: it has been a bad week for harris but a pretty good week for trump. >> not just because it is a bad week for her. people wanted to like her.
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they want change. they keep saying she's a woman of color. trump has been out there. rallies in blue cities, giant places. he has moved up a bit in all the swing states, hispanic men, younger people. people are deciding, coalescing. they realize what is at stake. we when he lead in georgia, arizona and nevada and harris doesn't. appreciate it always. back to the markets, dow industrials with a new all-time intraday high and so did the s&p 500. we got the inflation report, kenny polcari, why is the market rallying.
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it didn't expand beyond expectation. the idea the fed managed this soft landing starting to take hold. the explosive number out of jpmorgan and some of the banks that reported through seattle. this earnings season will be a positive season. today is just one day but very exciting. stuart: got an all-time high on the dow, i'm looking for dark clouds that might upset the apple cart. jamie dimon, geopolitical risks are surging, conditions are treacherous and getting worse. there is a dark cloud if he is right. >> i am with you. i would like to see a dark
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cloud. i would like to to see these stocks pulled back to get long-term investors a different opportunity. he is correct, those are dark clouds but the geopolitical issue creates short-term chaos, nervousness and angst but they don't pray stocks over the long-term. that a catalyst, a negative one. they keep contemplating what they are going to do. that would be a negative cloud. and it is something that's more economic. it is negative forward guidance, real concern from ceos and cfos, that's what we have to look at. stuart: you live in palm beach, how did the hurricane affect you? did you see any tornadoes?
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>> i live in north palm beach. there were tornadoes around us, but west of us. wellington backed by 3 or 4 tornadoes and in palm city, in stuart, got whacked. we didn't have a lot of damage but downed trees, palm trees and that kind of stuff but no real damage where i live. i live off the intracoastal, no real surge there, no damage for us but their wares certainly plenty of damage, the tornadoes touched down and created this chaos. it was amazing to see when you drive by these places, unbelievable the way that happened. stuart: don't know how long you lived in florida. >> i've been here six years and
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never seen a tornado because i'm from the northeast can we don't have them affair and never seen one, never seen them but there were a dozen tornadoes on the east coast. abdul tornadoes spawned by the hurricane, you are on the west coast. how do you feel? stuart: i am in new york city and we don't have tornadoes here, not in my memory. congratulations, see you again next week. back to this. elon musk unveiled the way to tesla robo taxi. stock was down 18 points. >> a lot of smoke and mirrors with no concrete details, how it gets close to the regulatory green light. elon musk and gave other details. it will cost $30,000, no rear
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window and its two years away. owners can make money on their cyber cars when not using them, the computer is driving them. >> the average passenger cars only used 10 hours a week, 168 hours. and maybe 10 times more. >> the plan includes the robo van, looks like an art deco airport shuttle. it marks a major milestone for musk and his vision. that is going to be the biggest product ever, 8 billion people on earth. it is a cost of $30,000.
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stuart: who brand lift accused of using a loophole in new york city. lauren: stocks are up because of tesla news. ridesharing companies pay drivers of variable rate based on many factors. it is unpredictable. the company found a way to get around that by locking out drivers when they are not busy so they don't have to pay them for idle time. some drivers say those lockouts are unpredictable, could last hours, and cost them money. here's the response from uber. walkouts have been a terrible but intentional feature of the payroll since the tlc past this in 2018 which is why we said for years the tlc should ditch this outdated approach and work with all states on a better solution. lift says lockouts are unfortunately direct result of
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a compex driver pay system which is committed to partnering on a fix that could make minim pay rates for drivers but remove the mechanisms. unfortunately the unintended consequence, some riders see higher fares because if a driver is locked out, the fair goes up. it is a mess in new york city when everyone is using uber or lift. stuart: david axelrod has a warning for team harris. >> the vibe isn't great. there is concern. we have this plethora of polls and they all say something slightly different. stuart: is the feel-good campaign of joy not working? a new york times poll says republicans are poised to take control of the senate. we will tell you which races it could come down to. governor desantis warned florida residents about
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electric vehicles catching fire because of floodwaters. my next guest sells electric golf carts. did he experience anything like what desantis described? he is next. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. at harbor freight, we design and test our own tools... and sell them directly to you. no middleman. whatever you do, do it for less at harbor freight. save even more at our parking lot sale going on now. (♪) patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see
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the stock is up a fraction. 17 people have died and 2. 4 million are without power in the state of florida. brandy campbell is in fort myers. what are you seeing their? >> reporter: we are seeing the potential tornado damage. take a look behind the me, a large trunk about lifted over the tree now on its side. you can see this metal on the ground and far behind another large tree damaged, wrapped into around this neighborhoods and substantial damage. 126 tornado warnings. hurricane milton made its way towards landfall across the state.
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the most in one day since hurricane irma since 2017. as a result of this damage, with dealing with power outages, 2.4 million across the state of florida and 166,000 customers in lee county. they are dealing with after milton waiting for cleanup, power to return, it will be toasty out here, not the most ideal situation but overall the good news is we are hearing from so many people that it could have been worse. expectations were, we expected higher storm surge. that's not what folks got. people are so relieved at the end of it but we see from what you are seeing behind me a lot of work and cleanup to be done.
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stuart: appreciate that. i want to bring in eric bloom, a business owner joining me now. governor desantis want electric vehicles catching fire in saltwater, you sold golf carts which are electric. did you experience anything like that? >> at the car lot, due to the elevation, we are spared that way, able to get them to higher grounds. stuart: what did the most damage? the storm surge or tornadoes? >> this was the highest that i have seen any flooding in our area, three feet of water in places. it was more than we were expecting. stuart: what is the situation on insurance for you?
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>> all our vehicles, we haven't had to file a claim for this storm and haven't for several years. stuart: said to be a really nasty storm, lots of damage but you dodged it. >> and and and it hit us a lot us harder than we were expecting. stuart: how long before you get back to normal, your houses and business. >> we had events on the schedule, and in these
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locations up and ready, that we provide them with. stuart: glad to say you got through the worst of it. good stuff in deed. thank you very much indeed. tim walz called for getting rid of the electoral college. there is campaign is backing off of that comment, we have that story. the next guest says if the election were held today, trump would win. he will claim trump's path to victory in a moment. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question.
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stuart: new high for the dow, all-time highs 300 points which i could call it fairly benign inflation news. a positive impact on the market. how about big tech. most of them have been down. now they are mostly up. apple is up $0.43. looking $0.43. looking at the movers, who brand lift. lauren: elon musk's tesla
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announcements weren't likely to alter the competitive landscape, great for the ridesharing company, their business isn't affected. jeffries agreed so these two stocks go up. stuart: the buy now pay later people, 5%. lauren: they perceive the price target going up $52 a share, they say winning market share at online check out. stuart: a ton of green including jpmorgan, guarantee they are up today. lauren: this is the bank's first report card since the rate cut and management said consumers are doing fine on strong footing. that's the state of the consumer. the ceo, jamie dimon says his chances of being asked to serve in government almost nil. so he will be treasury secretary. stuart: which government are we talking about? lauren: didn't specify. stuart: trump will hold a rally in aurora, colorado, seeing an
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influx in gang activity. is trump's focus on gang activity in that state? >> he will try to call out the democrats who are trying to downplay the issue. this is a campaign promise he made that he was going to come to aurora and talk about the immigration crisis coming to this blue state, storing up quite a bit of opinion. a lot of responses from the mayor all the way to the governor. here's the former president talking about it. >> they came from places all over the world coming into your cities and small towns, changing them forever and i would say ruining them, ruining your cities and towns including murderers, drug dealers, gang members, people from mental institutions and insane asylums.
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>> reporter: you might remember this video went viral. the city's republican mayor admitted to fox news they had a problem in the several apartment complexes in aurora. he insisted the city is not overrun by these venezuelan gangs. democratic governor jared paul is trying to get ahead writing the former president will only find, quote, an incredible city with two straight years of rapidly declining crime but that's not entirely accurate. aurora police reported increase in crime in that specific area where those apartment buildings are particularly when it comes to aggravated assaults. one councilmember is welcoming trump's visit saying the people of aurora deserve leadership in the white house that can make them feel safe again. again, this comes as he is iron a bunch of normally blue
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states, trying to expand the map, not only going back to new york about coachella in california tomorrow so he is trying to let democrats know he's coming for them. stuart: i see a big crowd behind you. gop pollster mitchell brown joins me now. he has something interesting to say. if the election were held today, trump would win. make your case. >> if it was held today he wins, why he wins, georgia, north carolina, arizona, nevada are in his camper right now as we speak. stuart: has he moved up, you're a pollster, has he moved up in those four swing states? >> arizona specifically he is outside the margin of error. donald trump will be winning arizona, that's not remotely and out. a lot of states have been trending further his direction the past month. harris had that bump when she became nominee. there was a debate where she had a moderate to decent performance.
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since then, a slow trajectory downhill for her and up for trump. we will national polling puts 49 harris, 47.2 trump. that's a slim margin. >> on the national popular vote that a great margin, talking the electoral college. trump winning north carolina, georgia, arizona and nevada leaves three rust belt states, trump has to win one, pennsylvania, michigan or wisconsin. harris as to when all three. for my numbers that i'm seeing internally trump has pennsylvania as of today. stuart: as of today. that's a moment in his favor, very recently. i am saying on the show today that trump is on a roll. i think your numbers suggest he is. harris has stalled. >> he has stalled, not only she was an immediate bump from getting out there, to see biden gone she had this enthusiasm that was artificial on its front but now that artificial nature of her campaign that has been here for three months has
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weighed on people and declined her. we when i watched the recent new york times siena poll that shows republicans are likely to win back the senate, they will get texas, ted cruz beats 48-44, montana, 52-forty four. in florida, rick scott is out front with 49 to 44 against his democrat opponent. that would give them the senate. >> let's not forget west virginia with manchin leaving, let's talk the rest of the map, rust belt swing states. bernie moreno if you went back three month ago trailing trump by ten, 12, 14 points, sherrod brown, 5, 6, 7, today that's a dead even race trending, that campaign has done a remarkable job, one way we outspent democrats so let's talk the other swing states senate
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races. wisconsin, pennsylvania, wisconsin has done a great job bringing that to a localized issue, not the top of the ticket, that's trending in the right direction. i'm a little more bearish just because trump has to perform three or four points ahead for us to have a chance in the senate race. stuart: he will wings four swing states, the presidency, the electoral college. the republicans take the senate. that looks pretty solid at this point. a few weeks to go. how about the house? >> 200, 400 votes. we have less than we did in 22. 2 or 3 seat majority in the house. we when i wanted to ask pollsters this question. when very few people have land
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lines and don't pick up on their cell phones if you don't know who is calling how do you take a poll? >> this is what i tell people, don't trust polling, it is put out for two reasons. it's a media blitz by the campaign to raise donations or say we are in trouble are doing so well. a lot of it is groups trying to dissuade voters from voting. your candidate has lost are doing great, he should turn out. this is the polling breakdown in 2016. everyone was wrong, you have to meet people where they are. men 55 plus, alabama call the landline, we will answer. if it is men under the age of 29 in atlanta. meeting people where we are, in mississippi, and not have to wait sampling. most internal numbers for the
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trump campaign to do so. blue and as of now he wins. a vote today, trump wins. wrap it up with that. mitchell brown, thanks for being with us. the popular card game cards against humanity is offering to pay swing state voters. are they just getting paid to vote? that's it? ashley: kind of lose the game company encouraging people who didn't vote in 2020 to go to the polls next month. must apologize for not having voted four years ago, they have to create a voting plan and publicly post this. donald trump is a human toilet. how wonderful. of the voters lean blue and live in swing states even better they can earn up to one hundred dollars. it comes after elon musk's pack. launched its own incentives offering $47 to people who refer registered swing state voters to a petition in support
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of the constitution's first and second amendments. it features offensive and sexually excessive jokes is increasingly taken a progressive political stance in 2017, started launching anti-trump campaign this. and musk launched a super pac and contributed more than $87 million to trump's campaign. that is a lot of money. stuart: a step in the right direction. brown university has rejected a proposal to divest from companies involved with israel's military. howell student protesters react to that? john levine has the story. president biden raised eyebrows with these comments yesterday. >> mr. president, what did benjamin netanyahu tell you about that? >> president biden: he is coming to help with the storm. blue on was that and was that a joke or gaffe? we will ask. dara lysa about it next.
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stuart: we have some green especially our and the dow industrials up 300, new all-time high there, same with the s&p up 37, all time high and the nasdaq, 0. 4%, 18,357. fall again. look at netflix i just had some price target hikes. mcquarrie raise the price target to 795 from 695. guggenheim raised the price target to 810 from 735. everyone loves netflix. israeli forces launched were strike on hezbollah targets in
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south lebanon. nate for a is in tel aviv. the latest from there. >> reporter: has but has launched 70 rockets into northern israel this morning but as the fighting continues the united states hopes this conflict will weaken hezbollah's influence in lebanon. secretary of state antony blinken explain ed how that might happen this morning. >> one way to do that by resolving the issue of a vacant presidency. simile, we have long been a supporter of one institution that unites pretty much every lebanese, the lebanese armed forces. >> hezbollah is the superior fighting force in lebanon. the idf chief of staff met with soldiers in southern lebanon last night as israeli ground raids continue. the idf is going home to home finding has below weapons that hidden inside. listen to this.
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>> they plan to do a massacre on a larger scale than 7 october. with this gear over here, you see the hand grenades, sniper rifles, extremely high sniper rifles shooting our civilians. expose of rpgs here. >> reporter: israel is reviewing an incident after soldiers fired on a un position in southern lebanon injuring two workers. israel says hezbollah operates in and near the poster. the posts. israeli airstrike in central beirut killed at least 22 people according to lebanon's health ministry. israel targeted a hezbollah commander there. the idf says it took out a top islamic jihad commander in the west bank, 12 terrorists in the gaza strip.
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this morning two israeli civilians were injured from falling debris from an interception. around the same time israel reported it took out the commander of a hezbollah antitank unit. stuart: listen to what president biden said when asked about his recent phone call with benjamin netanyahu. >> what did prime minister benjamin netanyahu tell you about retaliation? >> president biden: he is coming to help with the storm. we won bring when bringing congressman darrell isa. was that a joke or gaffe or what? >> i think we are beyond jokes and gaffes. we have a president who needs to be kept out of the limelight and frankly needs to have his fingers off of the control of government. we saw that when he was pulled out of the race, next thing he needs to do is be pulled out of the commander-in-chief's position.
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it's dangerous to have somebody who truly argument basis doesn't know what he is saying and probably doesn't know what is happening. stuart: fox has confirmed the afghan national arrested for plotting and election day terror attack worked as a security guard for the cia in afghanistan. the dhs secretary mayorkas refuses to answer questions about it. watch this. >> how this man brought into the us. >> in north carolina communicating with the individual still conducting search and rescue operations. >> we are getting conflicting answers from your agency. >> that's not what i said. what i said is i would be pleased to discuss this issue at a different time. >> can you show sure people appropriate steps have been taken to secure the country. >> your persistence in questioning can be matched by my persistence in answers.
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stuart: that is no answer. how did this afghan national get their multiple background checks, do we have any idea? >> in spite of the fact that great many afghans are critical to our years there, from time to time, there were people who were shot by afghan translators or accompaniments. the reality is we could never fully that all of the individuals and the way the release from afghanistan went, so many people came in in such a hurry with the afghan withdrawal that the reality is they have never been in a lot of them and that is a challenge. this is one of the challenges mayorkas whenever talk about, we have countries that we cannot ever properly that people from and yet when donald trump had an attempt to slow
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down and be more careful the democrats call it a muslim ban when in fact it had nothing to do with their religion, had to do with exactly this kind of a problem. stuart: can't vet them so don't let them in. thank you for joining us, always appreciate it. still ahead. donald trump had a good week. he's on a roll. he has momentum. it shouldn't be surprising. that's "my take," top of the hour. new york city closing migrant shelter, they cited decrease in arrivals but the city also announced they will house thousands more in hotel rooms. john levine all over the story next. an alternative to pills, voltaren is
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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. stuart: dow industrials are up 320 points, a new intraday high, 42,700. goldman sachs, jpmorgan, caterpillar three dow stocks come up sharply all of them collectively they had, for the dow industrial average. new york city going to close the migrant shelter by the end of february setting a decline in the number of migrants coming into the city.
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the city is now looking for 14,000 hotel rooms to shelter migrants through 2,025. john levine, new york kind of guy, if they are using more hotel rooms for migrants, why not keep the shelter open? >> migrant have to go somewhere. i regularly ride my bicycle around, the smell is terrible. people selling stolen stuff and cooking on the sidewalk. randall is becoming a very dangerous public health crisis. maybe hotels are better movement create other issues. 25% of the city's hotel stock is dedicated to migrants. that is an insane number. if you want to come to new york city as a tourist and get a hotel room and help the economy will be more expensive for you, migrants attacking hotels in the city is footing the bill to
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the tune of billions of dollars a year potentially. stuart: new york city is a mess at the moment. it is not difficult to live here, just sometimes unpleasant living here. >> going to the subways, i feel like we lost a war. i don't know the answer to the problem but migrants, something has to be done about it. be one sanctuary city. got to accept it because you are a sanctuary city, the lie has to be changed it. >> these situations in life, tallahassee, oklahoma city, only liberal cities, if you change the policies, don't just keep the door open, people leave on their own. stuart: brown university rejected a proposal to divest companies with ties to israel. a step in the right direction.
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stuart: remember why this vote was taken in the first place. brown university did a deal with campus protesters, if they don't do a columbia style encampment, we will hold this vote. the vote should never have been held in the first place. i am very curious. who were the two trustees who voted to diverse. their names were not published. anyone watching now knows the answer. if you want to know the trustees who wanted to diverse, if their names are publicly known. stuart: other universities going against the divorced from israel business. >> generally the protests haven't been as bad this year as last year. a lot of students recognize there is potential cost to declare your support for terrorism. a lot of universities are cognizant that the costs in the forms of lawsuits and federal investigations, people aren't going to. don't know anyone sending their
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kids to columbia anymore. if you say columbia in certain jewish neighborhoods people spit on the floor. no one wants to send their kids there and there will be ripple effects, they are major cost to supporting terrorism in america. stuart: thanks for being with us. still ahead, steve hilton on trump heading to coachella. what is he doing there. david axelrod saying the fives aren't great. one homerun ball from his historic 50/50 game. the 11:00 hour is next. ♪ ♪
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after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. i was only 23 when i was first diagnosed with non-melanoma skin cancer. 40 years later, i've had almost 20 mohs surgeries. i had just accepted that the pain and the scars were going to be part of my life.
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but when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. if you, like millions of others, are affected by skin cancer... it's important to know that surgery isn't the only option. there's another choice. gentlecure. it sounded like everything i had been looking for. gentlecure uses low energy x-rays to kill skin cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring and no downtime. i'm so glad i did it. it was successful in every way. to learn more, call today or go to gentlecure.com >> we're gradually seeing businesses open back up across the state, but this is a massive storm for the devastatio
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