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tv   Varney Company  FOX Business  October 16, 2024 10:00am-11:00am EDT

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stuart: another beautiful day in new york city. a string of excellent weather
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in the summer and early fall. it is 10:00 eastern. the dow industrials up one hundred 30. and mixed bag, the 10 year treasury reeled at 4%, a little bit down this morning. price of oil, $70 a barrel, bitcoin moving up, 67,300. that's the market on wednesday morning. now this. kamala harris changed her message. she is gone from a feel-good vibe to something much darker, more threatening. she is now launched an attack on donald trump as a threat to democracy. in erie, pennsylvania she did something different. and extended video showing terrible things trump would do if she wins, she told the crowd trump would use the military to go after his opponents. she said trump thinks anyone
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who doesn't support him is, quote, an enemy of the country. the times approves of her lurch to the dark side, trump escalates threats to political opponents he deems the enemy. the article says donald trump is offering voters the choice of a different and far less democratic form of american government. writing the playbook for the democrats they perceived trump to be a threat and now so does kamala harris. will voters pick up on this? what's more important to them? the bill at the grocery store, 8 million illegals roaming the country, violent gangs, humiliation in afghanistan and nobody held accountable, by switching to trump as a threat, harris is taking a gamble. trump is responding in kind, accuses harris of orchestrating a coup when she took over the nomination. he says that amounted to the overthrow of an american president. in detroit trump took sharp edged questions from a guy with
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a british accent with bloomberg and his contentious interview, trump spent most of the time on subjects people care about, he explained patiently his policy on tariffs and the border, he wants to make america affordable again. this is important because trump's approach has been successful. he' is the one moving up in the polls. harris is fear mongering and that's a sign of desperation. she will be interviewed by bret baer. which kamala harris will be seen? good vibes, will she return to joy and good vibes or trump as an arch villain? tune in at 6:00 eastern on fox news, second hour of varney. ♪ stuart: liz, i think trump's
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approach is working. he's up in the polls. i don't think harris is approaching, that isn't going to work. >> reporter: neither the joy campaign nor the dark campaign is working, she's not offering voters a real choice, she's not laying out what she would do differently in particular from the last 3 years. she said she wouldn't do anything differently. if people are unhappy with the economy now, and happy with the fact they engaged in two wars around the world, unhappy that lalas migrants are swarming cities and causing mayhem and budget problems do we really think we will continue the same policies? that is what harris has been offering. from day one, what have democrats railed about and run on? donald trump. that's all they've got. how horrible donald trump would be as president. the problem this time around, we know what he is like as president. he was president for four years and things went extremely well in this country.
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an awful lot of voters in these polls when asked about it want to go back to those four years. when she is saying we won't back they are saying yes we will, we want to go back to the trump era because those policies were common sense and worked for everybody. stuart: why do you think harris has a problem defining her vision? liz: i wrote about this because the most stunning thing about this campaign is this idea that without the teleprompter.ew. she will say 70 days in this is new to me, give me some credit here. about the reality, she's been a public sector for decades. why is she so clueless? one, because she is pretending to be something she isn't. that's difficult. clearly she is a progressive left-wing politician. that's how she ran in 2019. this isn't like college, we all did crazy things than. this is a few years ago she was
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a candidate and that is who she was. now she has run away from those policies and think how uncomfortable that makes you. secondly, she knows she doesn't deserve to be the candidate. and they realize president biden was, and in the white house as vice president because president biden promised a woman of color would be on his ticket. and -- stuart: what kind of wild things. >> this is a secret, a cheerleader, and we are so hapless, generally got the ball
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going in the wrong direction. it is funny. stuart: may have to do that. liz: not the new england patriots, different name but to team. stuart: moving swiftly along, even msnbc admitting kamala harris should be worried about the election. what are they saying now? >> they are saying the polling is too tight and in recent elections polls were favorable for democrats, considering how tight it is and typically those polls are harder than actual voters the analyst doesn't like harris's are does. take a look. >> there is some ptsd from 2016 and 2020 where the polling missed in 2020 was bigger than the polling missed in 2016. joe biden was up by large amounts and we saw basically a
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four point polling swing, polling this across battleground states. there is a case for panic when you hear people like alyssa slotkin in michigan or tammy baldwin in wisconsin privately telling people the vice president is behind in those states, look at her numbers with african-american voters or hispanic voters that's a good reason to worry. >> trump has been gaining support with a black and hispanic voters, not just crucial groups for the democrats but crucial groups in swing states like arizona and pennsylvania. this is shaping up to be the closest race of either of our lifetimes. we've not seen this ever. the question is are the polls going to be what we will see on election day? stuart: elon musk is heading out on the campaign trail for donald trump. where is musk headed? >> back to pennsylvania. he will give a series of talks this week in that critical state. less than two weeks after he
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made his high profile appearance during the return to butler rally. these appearances are connected to his america pack focused on real important states, competitive states trying to get voters out for trump and because of this pack musk is certifiably a republican mayor go donor. he has donated around $75 million to the pack and he has spent $72 million of that money from july to september and some of the pack money going to trump but some going to republicans in competitive congressional races. musk is all in for republicans this cycle. makes me wonder from a business perspective how do clients of chesler feel? it is an electric car. when it comes to owners of electric vehicles you have republicans and democrats, deafly not a democrat, i'm curious to see what this means long-term for total buyers. will they choose other electric vehicles? he is all in. stuart: he keeps making
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headlines every which way, chesler, space x, politics. look at this, dow industrials are up 200 points, minor loss on the nasdaq, minor gain for the s&p but something in the dow, one of those dow 30 stocks doing well. the gentleman joining us on the bottom right-hand corner of the screen is 80 ghabour. you made a lot of money recently. is it time to sell? >> we are making a tactical call to sell. we got complacent at the end of last week and how bullish everyone got. we started selling healthcare friday, we sold tech yesterday and the reason was not just the complacency but look at the dollar getting stronger, the vicks having a hard time getting under 20 and the move index which measures the bond volatility has had a spike so
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we think there's a lot of crosswind and more downside than upside as we head into the election cycle. our clients pay us to risk management when we see head winds, we will sell and raise cash to have powder for the dip that will get here going into this election. stuart: what about nvidia? are you selling any nvidia stop? >> we did not sell any nvidia. that's our largest stock holding for clients and the reasons we didn't sell it, one is tax reasons. we are not heading into a bear market. if we go into a bear market as we may next year we will sell it then but we think it will be much higher but if it hits those 119 range, what we raised over the last four to five days and that's how we risk manage these crosswinds we see here. stuart: i am picking up on the
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tax problem. if you are selling stuff you made a profit on, you will pay nasty capital gains tax and that must worry your clients. >> most of our clients would rather pay taxes because of the gain, losing 10% to 15% of my portfolio. a lot of technical changes in ira accounts which are tax-deferred end-user more tax offensive strategy so we treat those accounts differently. stuart: got it, short-term selling, long-term your in the market and bullish. see you again soon. take a look at some of the movers, stocks making significant move. big drop today. the fda paused the clinical trial for their covid vaccine after one person who received the shot reported nerve damage. a new network for homeowners for cohosts to manage their properties.
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they will help with tasks like cleaning and maintenance. the stock is up 2.5%. charlemagne the god went after harris on her responsibility for the border crisis. >> does the botnet ministry should take some blame for the border? >> first thing we dropped was a bill to fix the broken immigration system which trump did not fix when he was president. stuart: that was misinformation. it was a nonanswer in my opinion. today trump sharing his message with female voters in a town hall on fox. we have a preview for you. >> tour in our country. >> do you think you can provide any parent to afford children -- >> understands what you are saying. stuart: will that help him close the gap? we will try to answer it. border patrol agents threaten to quit if kamala harris wins.
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i meant to continue, the script says, is this going to make the situation worse? look who is coming towards me. national border patrol council of vp on verse set in new york. good to have you. teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve. i recommend sensodyne. sensodyne toothpaste goes inside the tooth
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and calms the nerve down. and my patients say you know doc, it really works.
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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: here's what happening to your money, and you are doing okay. and down 17. down to $2700 announced, and
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the gold-mining stocks, across-the-board and that is barrett gold down $0.19, the rest of them on the other side. one of the employees at the apartment complex in aurora colorado, brutally attacked by a gang member. the city launched an investigation into colorado's governor and denver's mayor. why then? liz: and aurora city councilmember believes the governor and the mayor of denver conspired to send migrants to their city through nonprofits, tasked with relocating arrivals. >> how much money went towards it but the state's involvement with the city of denver.
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>> reporter: denver mayor mike johnston's office responding that the city, quote, took what many saw as a crisis and turned it into opportunity by partnering with nonprofits to help thousands. there is little doubt many of the 43,000 people who arrived the last two years sleeping on the streets. and work with law enforcement. it's from an incident in november. at and aurora complex owned by the same company that owns the one we've seen. cbc management says they have a group of men inside. the group attacks him after he refused the $500 bribe. the victim escaped and went to the hospital, then later received threats overtaxed. aurora police arrested a
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venezuelan migrant, one of the 10 police already identified as belonging to tda and aurora. and releasing these images set the record straight. and and this company is hanging over them. >> if kamala harris wins the election. i'm not doing this, four years of hell. another agent said, if trump wins they will stay. at will make things a lot worse, if he is left.
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>> when you are down there, you are seeing the agent in the processing center. the traffic happened on the border, processing individuals, the nga organizations, sensors are going off and listing that groups are coming for true and no one to respond. those sensors, the people coming through at that time, those are the drug smugglers dealing with heroin or methamphetamines. stuart: would you leave if kamala harris wins? >> absolutely. stuart: you have a senior position. >> if donald trump does not when definitely. stuart: trump, let me go to charlemagne the god, he was pressing kamala harris on the border crisis. he said the administration has to take some of the blame. watch this.
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>> the biden administration has to take some blame for the border. >> charlemagne, first thing we tried was a bill to fix the broken immigration system, which trump did not fix when he was president. you can look at every step along the way, we tightened up the asylum application process. we did a number of things including what we did to try to get the border security bill passed and also an executive order that has reduced significantly the number of illegal cross-linkers. stuart: the bill that she introduced at the beginning of the administration was the us citizenship act. the primary purpose was to provide a path to citizenship for 11 million migrants who are going to vote. no wonder it was defeated, there was no support for it. >> day one of this administration we start seeing groups of 300 plus.
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they created the mess, ignored it for 3 plus years and now they are talking about fixing it. they can put down bills and say we are going to stop it but i would go further and ask what are you going to do with the millions you allowed in already? what are they going to do with them? the second question i would ask is what are they? no idea where they are. stuart: thanks for coming by, good to see you. this is new york, come cs again. coming up speaker johnson is accusing cbs of selectively editing his interview. does this and the interview with kamala harris hurt cbs's professional integrity. kamala harris defended herself against criticism that she targeted black men during a time as california's district attorney. >> one of the biggest pieces of misinformation against you is you target and died locked up
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thousands of black men in san francisco. >> it is simply not true. i was the most progressive. stuart: much more on that coming up next. ♪
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stuart: one hour's worth of business, the nasdaq up 20 one, s&p of 19 points. look at general motors, announced a $625 million investment in electric vehicle batteries. chevy unveiling their 2025 suv models that dominated the market but they lost ground recently. chevy's vice president so they are playing a little offense with these 2025 models, gm approaching $50 a share. amazon, we told you about their new investment in nuclear energy but also announced a new kindle with colored pages, first of its kind. it will cost you $279. kamala harris getting pushback
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for her plan to provide fully forgivable loans to black entrepreneurs. i don't think this is constitutional. >> reporter: several part of this where people say this part isn't legal or judges have ruled against this part. it is important to note that harris knows she has work to do, the latest poll shows 70% of black men said they would back vice president harris, down from 85% who said they would back biden in 2020 so harris has been trying to appeal to the group. she was interviewed by charlemagne the god in a radio town hall yesterday and angela caller's question about reparations indicating she's open to it. >> my agenda on the point has to be studied, no question. i wasn't clear about that. >> reporter: this is the same position harris had in 2022
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when running for president, she has been vice president ever since then, the direct policy outreach came earlier this week, two black black with the harris separate and opportunity agenda offering loans for $20,000 to black entrepreneurs and others. we will come back to that budget supports pathways for black men to become educated and protect their crypto currency investment and create industry opportunities in the realm of marijuana legalized on the federal level. that was quickly applauded by president obama who was assisting harris with the get out the vote efforts but the plan for the forgivable loans could go the same way as the biden/harris administered in's 2021 effort to forgive agricultural debt for farmers of color. a federal judge ruled it violates the equal protections act since it was based on race. the harris tim walz campaign appears to have built in an escape hatch to this plan using
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the phrase and others. it is unclear who would fall under others. there's criticism if this plan amounts to illegal vote buying get. it's illegal and unconstitutional to pay one group of people to vote a certain way. stuart: thank you very much. kamala harris denies claims that she targeted black men during her time as district attorney in california. >> one of the biggest allegations as you targeted and locked up thousands of black men in san francisco. >> that is simply not true. public defenders tell you i was the most progressive prosecutor in california on marijuana cases and would not send people to jail for simple possession of weed and as vice president have been a champion for bringing marijuana down on the schedules. i will work on decriminalizing it because i know how those laws have been used to disproportionately impact
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certain populations and specifically black men. stuart: janel king joins me now. she's denying targeting black men, is the black community buying it? >> the black men refusing to vote for her are not black men requesting any type of laws around marijuana. they are requesting to be counted in the population as a productive citizen to not only be seen as a statistic when it comes to police brutality. black women in the democrat party pushed black men so far out of the conversation and shifted from anything you can do i can do better to anything you can do i can do not just better but not at all and black men are saying i'm going to hold my vote.
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i will show you what i can do and they are getting a little antsy so we have her flip-flopping on policies, on everything she has ever said. at first there was no agenda specifically for black people, now there's a whole agenda specifically for black men and others which we don't know what that means. this is just showing desperation of this candidacy. people are tired of promises administration that come with no real solution, no real action to bring it to fruition. i don't think this is going to work. stuart: thanks for being with us this morning, we appreciate you being here. come again soon. early voting in georgia yesterday. how many people headed to the polls personally? actually went to a polling station? >> record-setting number, 360,000 people squashes early
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voting record, 137,000 voters on the first day of early voting. it seems lines were manageable. early voting heavily favored democrats, democrats and republicans have been pushing hard for their voters to get to the polls early. there were 5 million georgians who voted and biden carried the state by just over 12,000 votes making him the first democratic nominee to win the state since clinton in 1992. trump hoping to win the state back and this time around was in the peach state at a rally last night, marking the first day of early voting and it will be close again. stuart: michelle obama has not been on the campaign trail for kamala harris. do we know what is going on in that relationship? >> we were at the dnc, pushing the democrat ticket. she has been notably absent
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from the trail despite president obama and clinton stumping for harrison a series of battleground states. it doesn't have any official appearances scheduled. she told democrats not to get complacent about the november elections and urged voters to do something. she has expressed concerns about security following the assassination attempt against donald trump. that's part of a reason. will she appear closer to the election? will there be a october surprise. a lot of questions, not a lot of answers, she's working the background, that is how she's doing something. stuart: good questions. glad to know the answers. the constant scrolling a problem? a new study says social media videos are making people think
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they have adhd. how do you protect yourself? we will ask doctor marty makary. a lot of farms damaged. does it make sense? would like the tornado picked a random thoughts to hit. the full story from him next. 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?
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stuart: we have got the dow close to 200 points, the nasdaq down about 30. a mixed picture but some green over there. disney, the new online game topped one million downloads in its first seven days, stock is up 1%. florida's orange crops took a major hit. in fort meade, is the price of
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orange groups going to go up? ashley: undoubtedly no doubt about it. production was already low before hurricane milton decided to go overhead in polk county which is the biggest orange producing county in the state. near the grove, if they didn't fall down the fruit hanging from them came down onto the ground and are no good. this happened before the usda put out at citrus production forecast for this year which came in at 15 million boxes, 90 pounds of oranges, that's down 19% from last year and the lowest output since 1933, 91 years. there's still assessing the damage from melting but adding injury to insult. of fourth-generation orange producer in polk county, you
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are 6 foot 5 and that is perfect to picked oranges off the trees, what damage did milton do to your operation? >> half the crop is lost as well as the tree damage you pointed out. we have significant loss. >> talking about orange prices, okay, but you are getting great prices for oranges. you are still making money. doesn't work like that? >> not white. we get told, we don't demand it. our input costs have doubled and in some cases tripled in the same amount of time whether it is labor or fertilizer or fuel so at the end of the day the margins don't seem to be there but we are a resilient group. ashley: not giving up. if it wasn't hurricanes it was freezing during the winter. it is a hard road. >> it is. you have to have strong faith, strong stomach, be resilience. we've been doing this for generations and hope to
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continue to but we need help from the state and federal partners. ashley: best of luck to you. on top of that the biggest orange producer in the world, brazil, is suffering with the worst drought in 50 years, number of oranges coming to market is down and that means lack of supply means the price goes up. back to you. ashley: basic economics, the price goes up. it's no secret kamala harris is vulnerable on the issue of illegal immigration. now that she's doing interviews her handlers are struggling to come up with reasons why 8. 5 million illegals have come in on her watch. state inspectors were warned about mold and insects at the boar's head plant. this was well before the deadly listeria outbreak. the whole story is next.
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. stuart: on the market the dow is up one hundred 60, the dow is up 40 points. unitedhealth, goldman sachs,
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caterpillar, dow stocks, all up, taken together they add 225 points to the dow jones industrial average. the agriculture department is under investigation in their handling of the deadly boar's head listeria outbreak. what exactly is being investigated? >> reporter: this is an internal investigation launched by the usda office of inspector general and the office is acting did federal and state investigators respond appropriately to years of reports of unsanitary conditions at the boar's head factory in virginia. this follows chris's him from richard blumenthal among others that the usda failed to address these reports of serious problems. insect infestation, dirty equipment, leading up to this year's deadly listeria outbreak, the largest listeria outbreak in a decade.
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blumenthal wrote yesterday, quote, the usda took no action allowing boar's head to continue business as usual at its unsanitary virginia plant despite finding repeated serious violations. the virginia plan should have been shut down years ago before people got sick or died from listeria. as you recall ten people died in this outbreak, 59 hospitalized. last month, boar's head shut down the factory indefinitely and announced it would stop liverwurst which was the deli meat involved in this outbreak. 7 million pounds, boar's head had this to say in a statement, quote, we have been working hard on steps to trust the boar's head brand. recent actions include establishing the safety advisory council summit comprising industry-leading food safety experts. the goal is to make sure the
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usda says outbreaks like this never happen again among possible outcomes if they find criminal violations they could report them to the department of justice but there are calls from lawmakers and others for criminal charges to be brought in addition to numerous civil lawsuits and a class-action lawsuit. stuart: boar's head has a problem. thank you very much indeed. apple watch users say their device has the ability to predict illnesses days before symptoms arrive. doctor marty makary joins me. i'm a little skeptical of this claim. how about you? >> reporter: people are in denial when they get sick for the first few days. saying a device detected illness faster than a human did is something we kind of already know. if this apple watch is measuring illness in defining
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it by an increase in respiratory rate and heart rate, what's the false positive rate? how often is it diagnosing and illness the top on a warm they are going up a flight of stairs. stuart: apple makes no such claim. users say this is what they found. we've got a more important subject. a new study found videos on social media are making people believe they have adhd. there are videos from therapists suggesting you have a anxiety or depression. and i don't see what you can do about this. >> people are getting a lot of information from social media but there's also a bigger story we are not talking about and that is we all have some adhd, depression, and anxiety and a range of emotions and behaviors. that may not be abnormal. if a kid is studying for a test, we tell them you have
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anxiety as if it is diagnosis. we need to recognize there are normal things in life that are not medical diagnoses and in some cases engaging in the medical of ordinary life. stuart: what can you do about it? >> we need to identify the boundaries of what is normal and abnormal so people can get help but when people get help wise it only medication? the more anti-hd hd medications there more there is out there. the more pain management, the more diabetes medication, more diabetes, more anti-depressives, more depression there is. not suggesting it is causal but we need to get the root causes of what is driving a lot of those changes, sunlight or circadian rhythms. i am encouraged by this new effort to get at the root causes of chronic diseases. stuart: that's a factor in politics. thanks for joining us.
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back to florida and the hurricane. jeff shawna is the ceo at fort peters, your farm was damaged by a hurricane. what was it like? where you at home when the hurricane struck? >> we had just gotten home. i got a text from mike jackman, just got a text that hurricane, tornado has gone through the red barn and the park. i just heard it, didn't confirm it, we went through the super shell, settled down a little bit. my wife and i took off and apparently two minutes to three minutes after we left the property. stuart: did you get any warnings from your friend? any warnings in advance that something was coming? >> my phone had been going off.
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one employee that was not back yet safely with his truck and his truck was under a foot of water up to his door frame. striking of the property, as soon as he left we left. that is when it hits. going up multiple times, there was -- stuart: we wish you the best of luck, the video that was done to your property, good luck coming back to business, look to see you looking better in the future. still had, martha maccallum on a michigan democrat warning voters still don't know kamala harris. mark tepper on which sectors of the market are up now that trump is gaining momentum. brent bozell on what speaker johnson is calling another case of selective editing from cbs and john levine on governor hochul deploying state troopers to clean up brothels in new york city. what about the migrant gangs?
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the 11:00 hour is next. ♪ ♪ ♪
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>> we use the terms misinformation and disinformation to refer to facts, news, and information that hurts their political agenda. >> the reactors on site and it'll be for the data centers and looking for bill gates and sam atman are investing and it's right there. >> look in the first term, he threatened tariffs on mexican bear and avocados and got up to them and the southern border and way back and a nationallal security risk and what have democrats railed about and run on? donald trump. that's all they got. >> we know what it's like for president. he was president for four years and things went extremely well in this country.

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