tv Varney Company FOX Business October 21, 2024 9:00am-10:00am EDT
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clips went viral. he received a very warm reception at the jets steelers game in pittsburgh, working to show you what happened when he went to a barbershop in the bronx, they loved him trump showed how to appeal to ordinary voters kamala harris went the other way spending time with asher and lazo and has abandoned the campaign of joy and turned to dean demonizing trump unfit, unstable and dangerous, she begins a series of moderated conversation with liz cheney a leader of anti-trump repub republicans, we also saw the emergence of elon musk as a factor in the trump campaign sign his petition first free speech and the right to bear arms and you could win a million dollars he handed out the first check saturday in pennsylvania he will do the every day and swing states all the way through the election, let's get to the markets a little bit of selling it follows a series of record highs last week, the dow down 50, s&p 13, nasdaq down roughly
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80 points, look at boeing they tentatively settled their machine a strike there looking to sell assets to raise cash, the stock bounced back a little up 5.5% reaching 160, bitcoin the three months i $68000 according, the yield on the ten year treasury hitting 4.13% this morning, the two-year right at 4% even, 3998. new record for gold about 2700, 2753. oil not much change, $70 a barrel, gas $317. 19 states are under $3 a gallon, diesel 3.59. on the show harris dumped joe biden, he's not happy, the vice president has no plan to campaign with the president before the election israel bombs banks of lebanon sought to handle hezbollah's money separately intelligence services are trying to figure out who
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leaked highly classified documents about israel's plan to attack iran, is there a mole somewhere, monday october 21, the election is two weeks from tomorrow, trump has momentum stocks close to record highs, "varney & company" is about to begin. >> usa, usa, usa, usa. >> usa, usa, usa, usa, usa. stuart: how about that, donald trump greeted with usa chance this weekend, look at the line a mcdonald's i think that's what was extraordinary, fascinating to see the former president
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working the fry cooker at a mcdonald's in pennsylvania. >> he took his french fry duty pretty seriously you spoke to the cars that lined up at the bucks county drive-through. >> i'm looking for a job and i've always wanted to work at mcdonald's but i never did, i'm ready to get somebody that said she did but it turned out to be a phony story. >> on never forget this experience now i know how to do it. >> yes, thank you. >> mr. president please don't let the united states become brazil. >> up of the united states become brazil. >> the optics of this, trump is a rich man doing a working class job well kamala harris his joined by elite celebrities like usher who performed at the super bowl halftime show in georgia. watch. >> i'm supporting vice president harris because she fights for
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everyone's rights, for freedom and it does not matter where you are from, she has a vision for our country that includes everyone. >> harris is trying to shore up the black male vote and georgia, she celebrated her 60th birthday yesterday at a church in atlanta and donald trump wished her a happy 60th. stuart: i'm glad to hear that, kamala harris claims she has specific policies to help struggling americans. >> when asked this question about how will this affect my life in terms of a voter worried about the fact that the price of groceries or too high, i get it they get it and what are we doing to help them get through life in a way that they're not just getting by the getting ahead we have to have specific policies that do that and that is what i offer under what icon opportunity academy approach.
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stuart: lookers with us on a monday morning kaylee mcghee white. wiki. about the opportunity academy but it doesn't seem to be much behind it. she turned to demonizing trump. >> i'm not surprised it took her this long to get there. the problem with kamala harris specific policies that she's touting now, no one believes her when she said the solutions to fix their problems including her own party, you see senate democratic candidates who are siding with trump's policies and their campaign advertisements instead of, like harris because they realize that voters simply are not buying what kamala harris his selling, i didn't argue kamala harris does not believe what she's saying when she's asked specific questions on how she would implement the policies, she never provides an answer we remember the viral interview where she was pressed, how are you going to raise taxes on corporations and how are you going to raise taxes on the wealthy. her only answer was we have to
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as if that's an actual solution, she has major problems, voters are not buying it and her own party is not buying it into camping certainly cannot sell it. stuart: i'm sure you saw this elon musk announced plans to give away a million dollar checks to registered voters who signed the america pack petition, watch. >> i have a surprise for you which is that were going to be awarding a million dollars randomly to people who signed the petition every day from now until the election. what are the challenges we are having, how do we get people to know about the petition because the legacy media won't report on it. this news will really fly. stuart: elon musk is playing a bigger role in the selection than any private citizen ever
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but is it working? >> i think it will i don't think this is unprecedented we remember mark zuckerberg spent $400 million in his campaign influx of cash was worse than this because it was specifically designed to help with the election process and the way the ballots were counted and this is going to individuals instead of leftist nonprofits to help with the maintenance of elections i don't think it's that unprecedented. i think elon musk and donald trump for that matter realize that they cannot keep playing defense when it comes to elections they have to use the rules as they exist and go on offense in order to turn out the vote this is one way that they're doing that. >> he has impact, thank you for joining us, check the futures a monday morning if you want to know how your money is doing, minor selling but that follows record highs last week, ryan payne joining us to look at the market. the new highs keep on coming, is it going to continue. >> every time we come on the
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show, i have my crystal ball and i think you have a lot of tailwinds you mentioned six weeks straight of gains and a lot of that was earnings season is in full gear and we had a phenomenal week for earnings. >> phenomenal that's a strong word, profits are that good. >> we had 79% of companies be earnings last week, the banks did phenomenally well in jan netflix who blew out the expectation the taiwan semiconductor had a great earnings. as well i think you will see more of the same, to good omen for this earnings season same companies be in that drive stock prices in the short term. stuart: is this rally partly due to trump having momentum in taking the lead in many polls? >> i love the fact that you said friar it gave me a little bit in the heart but i don't think it's moving the needle with the election. what i think if we look at deficit spending which both
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candidates do not want to address whether tariffs, whether it's going to be keeping the tax cuts in place, whether social programs that the harris campaign wants to put in place, what is the market telling, the ten year treasury a lot on the show is up to 4.1%, that pricing is more inflation as we move forward you have a combination of more fiscal spending and monetary policy where the fed is cutting interest rates at this point that will add a lot of fuel to the fire and a lot of inflationary depression that's what the market is telling us. >> if it was harris with the six or seven-point lead two weeks to go with the market rally? >> i think either way i know people don't want to hear that you can't fight the economic growth is accelerating the gdp for the last quarter is going to be 3.4% and now you have inflation moderated in the short term and if you look at wage growth it strongly over inflation that was not for a very long time so when you look
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forward this is the best scenario you can possibly have with the stock market investor and we always talk about $6.47 trillion sitting in cash where will that money goes the fed is cutting interest rates, it'll probably pour into the market. stuart: put the election aside, the market is rally. >> great to be here. >> house lawmakers have a released a report on donald trump july 13 assassination attempt, tell me more. >> into the assessment of the lack of planning and coordination between the secret service and local officials it was 53 pages, 23 interviews with state and local law enforcement, three things stuck out, the secret service did not give local authorities any guidance on managing the outside perimeter that included the rooftop that the shooter thomas matthew crooks was able to fire eight shots from. second, separate meetings, the secret service met that day not with the local police, the local police met two times that morning, not with the secret
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service and number three local officials had information on crooks around 5:00 p.m. local time they sent messages to the secret service between 538 and 5:51 p.m. local time, it's unclear to this day if the detail protecting trump ever received them, he remained on stage and troubleshot at 611 or 6:12 p.m. the preliminary report final due in december. stuart: trend day iraq a violent gang took over an apartment complex in aurora colorado residents lived in fear. >> we have to do this every time we go outside to take out the garbage and every time we try to go to bed at night with to keep it so nobody can kick in the door. stuart: that's life in the united states that woman witnessed a violent gunfight outside of her door and she was forced to move she will take us through her whole story and the 10:00 o'clock hour this morning, trump hearing from blue state
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pitch to black voters madison alworth is following this is economy the top issue for black voters. >> is the number one issue that black americans will be thinking about when they go to vote that's not even close according to the fox news polling the academy as a top issue by far pulling in at 41% with the next concern abortion coming in at 14% it is why trump spent sunday in pennsylvania at the steelers game and hosting a rally where he made the argument that illegal immigration hurts black american jobs. >> i'll tell you who's affected most the black population, the hispanic population because the jobs are being lost, people that had jobs for years are losing their jobs to people they came into the country illegally. >> the former president has pointed to the lowest african-american unemployment rate in lowest american poverty rate ever recorded under his watch but harris team notes those of improved further center time and office, it's wide that
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harris has announced initiatives like 1 million fully forgivable loans worth up to $20000 for black entrepreneurs, critics say her initiatives might not be legal but westmore defended the vice president push to support black americans. >> we have to make america more affordable for individuals and make ownership more real for people within our communities and frankly we have to be able to address skepticism and cynicism that a lot of african-americans feel, do they see themselves in the idea of american progress. >> while harris leads with the voters, her advantage has been slipping from 72% to 67% since august, it's worth note that the slip among black voters does not necessarily translate to increase support for trump some of those folks will stay home instead of voting some will vote for trump and some will not vote at all but that apathy into key
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voting block for the democratic party is not good news. >> lawrence jones is visiting blue cities with fox exclusive barbershop talk series he had a special guest donald trump join him in the bronx, you have to watches. >> of a five year old son in publix will right now and have a lot of people asking me questions as far as a failing school system that we have here in the bronx. >> they are failing, what are we going to do to improve the school systems. >> were moving them back from washington where people they don't care about new york, i know if you noticed washington, you've the department of education the department of education and half the buildings are department of education, you don't need any of them. you don't want one person in the secretary to make sure that the teaching english, give her a little english, okay i say
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reading, writing and arithmetic, no transgender, no operation, they take your kid if your boy leaves school and comes back a girl, okay, without parental consent, what is that all about when they talk about a threat to democracy, they are a threat. stuart: the man himself known as lawrence jones is with us this morning. stuart: i watch the whole thing, he seemed really engaged. >> i stepped out of the way i wanted to have a true barbershop town hall experience, the important part for the former president to engage with the people in the barbershop to talk about their businesses and taxes and talk about the kids in schools and what the make america healthy again what is all that intel it was your average day barbershop. i have to tell you the line outside of the barbershop in the
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bronx, new york, were talking about castle hill, i've never seen ever residents just to see the president to tell them how they feel about the issues of the day. i think if more republicans were to do this, the numbers will be higher. stuart: let's turn this around, kamala harris is downplaying her falling support among male voters, watch this. >> why do you think there is a disconnect with the men. >> let me tell you you can look at this audience and there are people of every background in gender showing up and i think because they know i intend to be a president for all americans and that's how i'm campaigning to earn the vote of every american. >> just to be clear, men still say by 16% margin that there supporting donald trump. >> is not the experience i'm having to be honest with you. stuart: why is harris down among
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men. >> she's not talking about the issues that matter to blackmail voters imagine blackmail say focus on the economy focus on the illegal immigration happening in the country because it's taking away our jobs and then a policy proposal that talks about week, that just goes into a different camp of people, weed is a luxury and recreational, people can afford groceries then they cannot afford weed, it's an insult to the black americans but she's going to tell you i have a coalition of voters that are from all different backgrounds. when you look at blackmail support in general is normal n95% or 96% of democrats if you have a president getting 25 25 - 26% that breaks the coalition, i'm not going to say the 80% of black males are going to vote for donald trump a 30% could be a game changer. stuart: she could not win if she
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cannot get at least 85% support from the black community she could not win this election. >> i think that is true but i also think the warning signs were there, even talking about this for years, go to the community and talk about the issues that matter there could wait three weeks until the election to release policy proposals, i think it is too late. stuart: we will run your barbershop thing for a long time to come, all the way through the show today, was terrific. thank you very much for being here, let's check features, monday morning how is your money doing, down, down a little across-the-board but not that much, we will be back ♪ ♪
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are two and a half times faster to first hire. visit indeed.com/hire ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. stuart: we have two minutes to the opening bell and we don't have that much of a loss, down 66 on the nasdaq, keith fitz with me, telsa reports earnings wednesday afternoon, you think there is room for the stock to go to 250 or 300 by the end of the year, make your case.
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>> introduction robotics, less reliance on vehicles, increase on energy, computerization, energy trading i'm in a run out of thinkers all is going to take us a little bit of the community to understand what they missed and the money will come running. stuart: 252300 by the end of the year. >> to forget how this plays out, analysts missed microsoft windows in the iphone. unless i spoonfed they tend to pooh-pooh that was happening in particular on the robo tax event they are pooh-pooh because they can't model. stuart: maybe i should buy this, i never have. >> i would think that's a pretty good bet. stuart: boeing really dipped, now they settled in the machine has strike would you buy >> this is killing me, i hate seeing an american company down in the drags but this is going
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to take years to undo the incompetence, the quality is not there in the motivation of the machine is that we talk to that live all around us that were around the country doesn't speak to quality is speaks i want to get back to work. stuart: you would not touch the dip with a 10-foot poll? >> i really when it i thought about it and i wish i could i want to come on the show and say by boeing but i'd be wrong but i can't do it. stuart: you like tesla but you don't like boeing, good stuff on a monday morning, we appreciate and we will see you soon, ten seconds to the opening bell when you hear the bell stock. when you have about three seconds, the mip the lady, who's going to do it, press the button, and the guy in the blue tie were up and running slightly lower for they're down you down 36 points, .10%. a little bit more red than green among the dow 30, the s&p 500
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opening with the minor league you down .13% move on to the nasdaq also on the downside the tune of .18%, let's have a look at big tech a mixed bag, apple is a bit more to 35, google is up a fracture but meta, microsoft and amazon have open slightly lower, telsa reports "after the bell" on wednesday afternoon, good morning taylor riggs i want to know how the cyber truck is doing. >> it is selling in the third quarter they sold 16700 tracks that gives you in the third quarter of 50% market share of all ev trucks and that's the f150 lightning, the chevy silverado, the gmc and there really gaining good market share and the selling price $116,000 which puts them in the top 10% of market share of the higher price as well, people like them and i'm seeing them on the road.
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>> a couple my local town the other day then we have boeing that reached a tentative deal to end the strike, stock is up 5%, what is in the deal. >> what we hear in the tentative deal it would raise wages by 35% over the four years and includes a $7000 one-time bonus and a one-time contribution of $5000 to the 401k because the company does not want to go back to a defined benefit pension they want to keep the 401k. it would give the highest-paid employees at the end of the contract up to $70 an hour that's $140 salary before you include bonuses and overtime but will have to see this is leadership has to bring it to the members who need a majority of the members to vote on it to ratify it. >> microsoft i know they launched a new a.i. feature can you tell me exactly what it does. >> a copilot a.i. customizable
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what they say i can customize to sort through my e-mail or to go through a client proposal where it allows me to have more free time to do what i need to do and this takes the first tab and i can customize it to do what i want to do. we'll have to see how it works. >> you cai and you think the stock goes up, the stock is down $2, there you go, a.s. and mel this is an important chipmaker is down two thirds of 1%, what is the story. >> brings think downgraded and read iterated the upper for both lower the price target, the price target goes down to 815 which is a premium to which trading now but the stock had been in bernstein's analyst size and the price target was $1052, bringing down the price target seen a really challenging outlook for 2025, you and i talked about the stock, a.i. was good but the chip sectors within asm l were under pressure and thankfully tsmc and nvidia
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reiterated the a.i. demand is really good this is a company that is great and all of the chipmaking segments really under pressure. >> asm has had a terrific run. >> yes until a week ago the surprise report that really taken down and brought down the rest of the chipmakers early last week. >> ups another down i cannot believe it because of an ongoing. >> we hear a downgrade trend underway from barclays lucian risks to the earnings that we're going to get as well as competition from amazon, we talked how amazon is almost a freight company it away not so much just a retail company, some risks may be to the competition. >> bitcoin $68000, 677, how are the other crypto's doing. >> the predicted market is jumping more in favor of a donald trump presidency, donald trump has been seen as a crypto
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friendly president so you get mixes and looks like overall crypto traditional crypto place to the downside but they've had a really good run with overall bitcoin nearing 71-point stuart: gold hitting a new record high, 2751 per ounce i presume the gold-mining stocks are also on the upside. >> classic inflation had a hedge against middle east conflict as well as we continue to get heightened tensions between israel and iran all of this plays into. stuart: $2700 per ounce. >> in the early 1980s when i had a thousand dollars. >> to want to find me a gold bar from costco, you can give that to me for my christmas present. >> okay i was not expecting that but you start that in nicely, that's all for you today, see you later. check the big board headed south
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down 30 points, 43242, the dampeners give me the list, but wing abounds, chevron, unitedhealth, honeywell and home depot, the s&p 500 winners a chance to see all of your stocks, kenvue, boeing, all upcoming nasdaq winners, marvell technology, for net, baker hughes all up, the yield on the ten year treasury up 4.13% the price of gold up $2752 per ounce bitcoin down a bit and 676. oil virtually unchanged, is not doing bad. at 7062. nat gas also hire two-point to nine, the average price for a gallon of regular down to 3.17 but in california the average for regular is $4.64, trump had fun working the fry cooker at mcdonald's this weekend, msnbc had a meltdown.
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>> what is the logic behind this going to mcdonald's. >> is engaged in really bizarre types of activities during the campaign. stuart: they are forgetting that bill clinton and al gore campaigned at a mcdonald's in 1992, joe concha has more on donald trump, man of the people coming up. bernie sanders thinks inflation is corporate greed not rampant government spending. oh no. >> corporations charging us off the wall prices, i think i had a lot to do with inflation. >> will ask stephen moore, i don't think stephen moore sees it like that. he will tell us in just a moment. ♪
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stuart: we've been open for 11 minutes in the little bit of selling but not much on the monday morning down 40 on they're down down 20 on the nasdaq, check out netflix they hit an all-time high they retreated a little bit but well above 760 on netflix, salesforce, there partnering with blue shield of california they will create an artificial intelligence-based healthcare approval system, no reaction on the market, the u.s. deficit has topped $1.8 trillion in the fiscal year of 2024 in the interest surpassed the trillion dollar mark and that is a record, edward lawrence at the white house, what is the administration saying about all of this. >> the other guys started is what they're saying the federal deficit has reached a record outside of the covid pandemic the highest level, $1.8 trillion more is what the government spending is taking an, that is more and will pay more in
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interest on the defense department in the amount of government spending under that biden hears administration part of the campaign as former president trump stopped in pennsylvania sunday, listen to this should. >> also the stupid spending they spend money on the green new scam bubbles that nobody's ever seen before, they could've thrown it out the window it would've been fine. >> the committee for responsible budget because this is no way to run a country, the way we've been running the country, we don't pass budget or pay for new policy, we don't address entitlement programs which are facing insolvency and we tolerate two major presidential candidates competing over who can promise to give away more, the wall terrorists ticket or the hears walz's ticket says the former president trump's problem is the spending. listen to this. >> he himself said the king of debt and drove up the national debt $8 trillion more than any
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president in history, being very clear he knows nothing about business except had to go bankrupt and nothing about paying his bills and nothing about the middle class. >> the democrats failed to mention that 6 trillion of the $8 trillion spent under the former trump administration went for covid spending to support the economy and the u.s. during the pandemic. stuart: thank you, senator bernie sanders singled out corporate greed for the inflation search, nothing to do with government spending. you have to watch this. >> folks to get the $1400 check when people were losing their jobs and small businesses, we did that if you want to ask my view and many economists the reason we sell spiking inflation was going down, not because the upper corporate greed, record-breaking profits on the part of food industry and other corporations charging us also wall prices i think i have a lot
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to do with inflation. stuart: i wonder what my friend and colleague stephen moore will have to say about that, corporate greed that's what gives us inflation, you know that. >> isn't it funny that we only see corporate greed like jimmy carter and joe biden are in office so we did not see a lot of the corporate greed when trump was president and we had prior to the biden presidency about 30 years a calm inflation in this country interrupted $5 trillion spending spree. i want to address what edward lawrence was talking about i just ran these numbers for you, first it is true that neither party has a good record on deficit, neither party does because politicians love to play santa claus if you compare what happened to the debt under trump versus under biden intake at 2020 which as you said was a pandemic year in 2021 the first year biden that was a pandemic
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year i'm going to take those out those were aberrations, the average deficit when trump was president of those three years was a hundred billion dollars that is huge and terrible not a good record. you know how but they are under biden $1.6 trillion, twice as high, they have been much worse under biden but both parties are responsible for the massive overspending we spent nearly $7 trillion last year. >> that's an enormous amount of money. >> mark cuban campaign for harris but he criticized part of the tax plan. watch this. >> i'm glad you asked that, some people think that there's going to be an unrealized gain tax on capital gains, there is not, when i saw that i went ballistic because that is an economy boom. kamala harris knows that, you haven't heard her talk about it
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is be when they're talking about a wealth tax basically unrealized capital gains being taxed i got that but nobody believes will get a wealth tax, do they? >> i pray that we don't. almost every american democrat, republican, independent everybody that i talked about the idea thinks it's absolutely crazy but the fact is it was in joe biden's budget, were not making this up, you go to the budget and see for the first time ever they would impose the massive tax on unrealized capital gains on farms and ranches and businesses, small businesses, et cetera in no other country in the world that i know of does this, maybe the communist countries do it so hope mark cuban is right i hope we will have that is the dumbest idea ever, it will destroy small businesses and hurt farmers, ranchers and small businessmen, terrible idea, it's not ame american. stuart: is a socialist idea just
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like bernie sanders. we will see you soon. the governor of pennsylvania josh shapiro was asked how here's presidency will be different than the biden presidency. >> the governor was asked by kristen welker several times in the interview and he did not have a convincing answer about how harris is different from biden and he kept saying she's much different than donald trump, watcher. >> how would her administration look different? >> or been really encouraged by the amount of energy kamala harris, vice president harris has put into focusing on how she will cut taxes for small businesses. >> can you name one policy difference? >> listen, again, the contrast i am focused on is between her and donald trump and on that, it is clearly different. >> the point is people don't want a second biden presidency when it comes to the economy,
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josh shapiro is a popular democrat and he could not convince voters that harris would not be biden 2.0. stuart: trump is getting through to all kinds of voters first at mcdonald's, then the steelers jets football game in a barbershop in the bronx simply put on the basis of this performance trump is a better campaign, that is my take coming up at the top of our. after the busy weekend trump is headed to north carolina where hurricane recovery is still ongoing. a full report coming for you next. ♪
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stuart: donald trump visit the swing state hard hit by hurricane state north carolina, bill melugin is in concorde, what is trump doing there today. >> he is going to be holding a roundtable with the religious leaders out here and he had himself of weekend he was all over the headlines started last night you visited the nfl game the steelers versus the jets he
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got chance of usa breaking at the stadium as soon as the crowd saw him trump was joined by former steelers wide receiver antonio brown who is been campaigning for him in recent days but hours before the football game trump made a visit to pennsylvania mcdonald's, he got out of the suit and put on an apron i got to work he was making french fries and working the drive-through as supporters cheered for him outside it was obvious trump was trolling vp kamala harris who claimed to have worked at a mcdonald's, trump says there's no evidence. during his shift he worked at mcdonald's for 15 more minutes than harris every day, the former president made a visit to a barbershop in the bronx where he was joined by lawrence jones, trump spoke with minority men while he was in there, pretty informal setting where he held the q&a about topics the men said that they care about most including the border and the question about sanctuary cities. take a listen. >> it rid of them, there only
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for criminals and all over the country, the criminals go there but you're right, the polls are showing inflation and not the border, the border is third but they have inflation and the economy as a number one and number two issue greed i disagree i think inflation is massive, the economy is massive but the border is the fabric of our country. >> trump will have several campaign stops in north carolina today with the latest fox news polling shows vp kamala harris with a two-point lead over trump with registered voters but we should point out that polling was last month and also within the margin of error, trump will be in north carolina and startup in asheville in the western part of the state that's an area that was devastated by hurricane helene were recovery efforts are still very much underway and later this evening he will have a roundtable with religious leaders in concorde and we will be here for that in his been hinting that former un
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ambassador nikki haley may join him on the campaign trail in the coming days, that is something that we will keep an eye on. will send it back to you. bill melugin thank you very m much. harris has no plan to campaign with biden before election day, why is she dumping the pres president, charlie hurt will react, trump spent his weekend with voters at mcdonald's at a football game, joe concha will relish it all, the u.s. investigating the release of classified intelligence on israel's plan strike on iran morgan ortagus will join us. a ceiling guest say that white folks should face accountability for not saving democracy if harris loses, what does that mean. the 10:00 o'clock hour of "varney & company" is next. ♪
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