tv Varney Company FOX Business October 23, 2024 9:00am-10:00am EDT
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maria: -- right now -- >> i believe kamala harris is going to stumble through the next 13 days, and president trump will have a strong finish. maria: adam. >> president trump's got my vote because he's an authentic person, and that's coming through. maria: adam. >> i think the market is effectively predicting a trump victory. it's the strongest election year return we have seen since world war ii. maria: yeah, it's been incredible. the trump trade is on. we are expecting a lower opening this morning, the dow down near the lows of the morning. have a great wednesday, everybody, thanks so much for being here. "varney & company" picks it up. stu, take it away. stuart: good morning, everyone. what will we be reporting two weeks from today, the day after the election? i just hope we have a result. the campaign in the final 13-day
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stretch. referring to trump, joe biden says lock him up. he tried to correct himself saying politically lock him up, but the damage was done. he admitted that his administration had used the courts to try to beat a political opponent. kamala harris took tuesday off to prep if for two interviews, neither one revealed her true position on key issues. her campaign is going the celebrity route calling in barack obama, bruce spring stephen, eminem, her hand -- springsteen. her handlers are focusing on trump as dangerous. trump's keeping a very active schedule. two eventses in georgia today and on friday he sits down with the king of podcasters, joe rogan. he has more listeners than anyone. to the markets. rising interest rates really hurting stock prices, the dow is looking for a 200-point drop at the open today, down 90 again on the nasdaq. you've got to see this. mcdonald's, at least 49 people sickened by e. coli linked to
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quarter pounders. it's a dow stock, and it's clearly helping pull the industrial average down. it's taking account for some of that 200-point loss. the stock is down 7, a huge loss for mcif don's. the 10-year -- mcdonald's to. the 2-year treasury is well above the 4% level, you're looking at 4.05. gold around $2,760. 56, actually. it's been rising steadily. oil, $70 a barrel. gas edging lower, regular averages $3.15. and, by the way, there are well over a dozen states below $3 a gallon. diesel, the average there is $3.58. on the show today, the key state of pennsylvania shifting towards trump. vast spending in the keystone state, a total of $538 million so far. and a remarkable op-ed in the "new york times." brett stephens writes that if trump wins, the main culprit
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will be the liberal voices in the government, academia and media. this is a takedown of liberal politics and, yes, it's in the "new york times." wednesday, october 23rd, 2024. "varney & company" about to begin. ♪ ♪ you better lose yourself in the music, the moment, you own it. ♪ you better never let it go ♪ stuart: yes. that song is "lose yourself" with eminem. he was one of the stars campaigning for harris last night. we're going to get into that in a moment. madison alworth back with us this morning. start with trump. he's sitting down with, what, joe rogan on friday, is it? >> yes. he is the most popular podcast in all of america, and his viewers will get the hear from trump with just days to go before the election. >> word is out that you're going to sit down with the number one
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podcaster in the country, joe rogan. you've met him a couple of times. why this right time to do the interview? >> no real strategy there, brian. i do it, and i do a lot of shows good, badr or indifferent. i -- bad or indifferent. as far as proare began's concerned, you know, i joan i -- enjoy him. i don't get to listen to him too much. i don't have a lot of time to sit down and listen, but i think it might be very interesting. >> regardless, it's definitely going to hit a lot of people because the show has 17.5 million subscribers on youtube and more than 14 million followers on spotify. it's an opportunity for the former president the talk to proare began's base which is -- row began's base. it's a group that trump does well with and a group we know harris is struggling with. the show has reportedly been in talks with the vice president to get a pre-election interview with her done, but nothing has been set. but harris staying busy, she's been tapping into friendly star power, breaking out eminem and
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rapping former president at a rally in detroit. >> vice president harris supports a future for this country. i'm here to tell you much more about that, president barack obama. >> i was feeling some kind of way following eminem. [cheers and applause] now, notice my palms are sweaty, knees weak, arms are heavy -- [cheers and applause] vomit on my sweater already, mom's spa getty! i'm nervous but on the surface i look calm and ready. i drop bombs and -- [cheers and applause] >> if you couldn't tell by the bopping at the end, he was repeating eminem's lyrics -- stuart: oh, okay, i get it. >> he was rapping eminem's lyrics. it's not going to stop there though. bruce springsteen, i think you might know him -- stuart: aye heard of him, yeah. he's a socialist. >> he's going to be throwing his
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star power behind the former vice president on the campaign trail in georgia and pennsylvania for harris. stuart: all right. thank you, madison. fine rundown right there. listen to what biden had to say about trump during a stop in new hampshire. >> i know this sounds bizarre, sounds like i said this five years ago you'd lock me up -- [laughter] we've got to lock him up. [applause] politically lock him up. lock him out, that's what we have to do. the decision dos we make in a very short span of time will determine what the rest of the next five, six, seven decades are going to look like, not a joke. stuart: no, not a joke. mary katharine ham joins me now. the president said lock him up. was that a freudian slip? >> yeah, are we still concerned about threats to democracy that include someone trying to lock up their opponent during a race? because it seems important to me. now, politico has a different take on this as much as the
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mainstream media does which is that this gaffe might serve the reinforce republican claims, parentheses, without evidence that democrats might want to lock trump up. i feel like we have a lot of evidence that they have been trying to do that. and, in fact, biden is adding to that credible evidence. and if you're going to talk about threats to them do crass and politicization -- to democracy and politicization of the justice system and the executive branch, maybe we should talk about this as a threat. it looks like one to me. we can't just, like, sort of discard it because he's joe biden. that's what many say we should do. i believe there was a quote, not named, from the white house or the administration saying nobody listens the him anymore anyway, which means an unelected committee of some sort are -- is running the country? also seems like a problem. stuart: i don't know why i'm smiling -- >> i know, smile so you don't cry. stuart: right. [laughter] trump went after harris for being lazy. watch this.
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[applause] >>st it's going to be close are. i mean, she's sleeping right now. she couldn't go on the trail. you'd think when you have 4 days left -- 14 days left, you wouldn't be sleeping. who the hell takes off when you have 14 days off? and she'll take a couple of more days off too, you know why? laze she as -- lazy as hell. stuart: governor walz slammed trump, wait for it, for a lack of stamm massachusetts watch this. >> it takes stamina to run for president. it takes stamina to be president. and donald trump does not have stamina. stuart: what and? -- what? stop laughing. what is he talking about? >> i think this is their latest critique, right, which is to dive head first into the idea that he is old and decrepit which i think is a liability for obvious reasons because they have a president of their own party who they passed over because he's old and decrepit,
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so i'm not sure this is going to work. also he is barnstorming. if you look at his schedule, it is different from hers. s it is weird to take off days when there are 14 days off. i believe she's taking off another day this week to do something with cnn for an entire day. do a rally. what are you doing? this seems very today me. and at the end of the day, like hillary clinton skipping wisconsin, it may become something she regrets. stuart: what a situation with 13 days until the election. mary katherine, thanks for joining us. >> thank you. stuart a quick check of futures, please. we're going to open the markets in about 12, 13 minutes. down 250 on the dow, down 99 4 on the nasdaq. -- 94 on the nasdaq. tom hayes a back with us this morning. rising interest rates are hurting the market. why are rates rising like they are? >> i think the treasury market is starting to price in pro-growth, pro-business policies, and that implies that main the fed won't -- maybe the fed won't have to cut as much.
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stuart: that's a trump presidency. >> that's a trump presidency, for sure -- stuart: the treasury markets are ea acting to that? if 4.24 on the 10-year right now. >> no doubt about it. the skeptics would say, oh, there's going to be deficit spending. actually during the last trump administration the 10-year was 3w.20. so that old dog don't hunt, as the saying goes. seasonally over the last 10 years, october happens to be the worst month of the year for bonds, november is the best month of the year for bonds. so you want to sell the rumor, buy the news. after the election, buy bonds. stuart: if you think trump's going to win the election, what should you being? if. >> well, this is a controversial one. first off, boeing. they just reported. this was a kitchen sink quarter for the new ceo. he came from rockwell collins. under his tenure the stock over decade went up 4x. this guy's going to turn around
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the company. they have the union vote today. here's my suggestion. if the union votes against the pay package, i.e., the strike continues, wait until it drops 5%, buy some boeing stock. if they vote yes, the stock's going to go up, buy some stock. industrials are going to do well, defense spending's going to do well. so industrials. small caps did exceptionally well under trump. emerging markets did exceptiona. consumer discretionary did exceptionally well. i'll tell you what didn't do well is energy stocks. energy stocks did not do well under trump because there was a lot of supply, prices were low, margins were less for energy companies. stuart: fascinating. tom hayes, see you again soon. >> thanks for having me. stuart: the campaigns have focused a lot of time and money on the battleground states. madison, tell me, where have the candidates spent the most? i think i know. >> pennsylvania. is the that what you were going to say? stuart: yeah, i was. >> okay, pennsylvania. the trump and harris campaigns
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have spent more than $538 million on pennsylvania alone. in this makes pa the most expensive battleground state. democrats have spent nearly $300 million on the state, republicans just over 20 the 24. and they have been canvassing the state as well. when you include biden, harris and trump, obviously, since they're actively running for president now, those three have been 900 times to the keystone -- 90times this year with the majority of visits happening since august. with its 19 electoral votes, pennsylvania is critical to securing the presidency. both candidates obviously hoping that their investments will pay off very soon. stuart: can you imagine what it's like to be a resident of pennsylvania? >> no. stuart: political ads coming at you all the time -- >> online, on tv, everywhere, i'm sure. stuart: thanks, madison. trump is rallying hispanic voters in missouri theming them the border -- in miami telling them the border is the number one issue. roll it. >> i think the biggest problem
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this country has is what they've allowed to happen on the border. stuart: ore next -- our next guest agrees and is highlighting biden and harris' border failures in a new ad. take a look. [no audio] >> 3! 1, 2, 3 -- >> millions of illegal immigrants enter the country. lose a turn. >> what? not fair! [laughter] wow, that's weird. [laughter] stuart: looks good to me. florida congressman carlos gimenez joins us. he's next. ♪ ♪
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consider adding this. call unitedhealthcare today about an aarp medicare supplement plan. stuart: 13 minutes til the opening bell. i see some red ink. dow down 260. mcif donald's is sharply lore, mcdonald's is a dow stock that accounts for system of the loss. nasdaq down about 100. djt surged to its highest level since july. you're looking at the close yesterday. no, that's premarket. look at it over the past one week, yoe the upward slant of the chart looking pretty good. and how about one month? the upward slope gets even more pronounced. djt has had a pretty good month, gotta say that. as trump dose up in the polls, djt goes up too. trump's going to head to georgia today. aishah hasny is there for us, what can we expect to hear today?
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>> reporter: hey, stuart, a bunch of different things, but i want to talk about the crowd here because this is the final the- 2-week sprints and about 10 hours before the former president takes the stage, want to show you how many people are standing in line waiting for him. people just snaking around over and over just waiting for the former president to take the stage tonight at 7:00. you can tell that there is a lot of excitement and energy here in georgia. and they're going to see not only trump, they're going to see tulsi gabbard who just announced that she's become a republican and also charlie kirk who is helping president trump with his ground game in these battleground states. and trump has all the momentum going into georgia. take a look at this brand new ajc poll out this week. it shows that he is ahead of vice president cam a rah -- kamala harris 47-43 in this brand new poll. and shockingly, 88% of respondents in this poll -- 8% are still undecided. both sides are ramping up their
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get out to vote efforts. former president trump told brian kilmeade that he is actually going to vote earlier to try to set an example for his base. trump is also taping a big interview with podcast giant joe rogan. democrats also trying to get out the vote, and they're going the get some help from the boss. no, not biden, we're talking about bruce springsteen here. he's going to do a concert or series starting in atlanta, a big rally headlined by vice president kamala harris and president barack obama. the trump campaign says that they are going into these final two weeks with the underdog mentality. >> we have to pretend like we're down by one point. yes or we see all the a internal numbers, the public numbers all showing that we're leading in every single battleground, we see the early vote numbers. those all look good, but we have to play as if we're down by 1 point. you play a prevent defense, the only thing it does is prevent you from winning. >> reporter: and a quick update on the georgia election rules as we get closer to
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election day. the state supreme court just handed a loss to state republicans, turning down a rule the count those ballots by hand on election night because of fears it would just slow down election results. stuart? stuart: aishah, thank you very much, indeed. trump spoke the latino voters in miami. listen to what he said about the border. >> i really believe that even the inflation -- and that's a country-destroyer, it's a country-buster, they call it, inflation. but i really think that the biggest problem this country has is what they've allowed to happen to us on the border. >> right. >> they've allowed our country to be destroyed. they're allowing thousands of murderers and drug dealers and terrorists and people from mental institutions. they're emptying out their jails into our country. stuart: so immigration more important than inflation. congressman california loss jimenez joins us now -- carlos gimenez if joins us now. what's more important in your district, congressman, the border or inflation? >> right now short term probably
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inflation, but in the long term probably what's happening on the border. you know, we can fix -- we can elect donald trump as president, we can fix inflation. the border issue as far as the number of people already allowed into the country, that's going to take a while. and so long term it's going to be the immigration and what kamala harris and joe biden have allowed to happen for the last three and a half years, going to have longer term effects. stuart: i presume you do your own internal polls. can i -- do these polls con firm if that trump is really now pulling ahead in the race for a latino voters? is he pulling ahead? >> yeah, i think so. and i think that he's going to make historic, he's going to have historic turnout of votes for him from the hispanic and latino communities. the polls show. that's he's going to at least equal what george w. bush had. we have him around 45 to, you know, 45% which would be historic. and i think he could actually do
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even better. you know, somehow the democrats somehow believe that immigration is not important to us. it is but not the way they want us to believe it. we are actually for legal immigration, not illegal immigration. stuart: harris sat down with telemundo for a taped interview. she called herself a pragmatic capitalist who is going to build up small business and increase homeownership. congressman, do you think pragmatic capitalist when you see harris' economic record? >> no. i see her as a socialist and a marx u.s. ideology. -- marxist ideology. her father taught marxist economy at, i think at stanford, and so she's going to to run home to daddy whenever an issue with the economy comes up. and my fear is that, you know, it's about marxism. look, this thing about price controls, straight out of their book. and so, no, she's not a pragmatic capitalist, she's a socialist. she's even to the left of bernie sanders. that that's what we're going to get from kamala harris.
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stuart: can you just tell us, 30 seconds, about kamalao finishes oly? that's a play on monopoly, i think. what's it about? >> in 2022 we ran biden-o finishes oly where my grandchildren talked about censorship, gas prices and the debt. so since kamala harris is really just a continuation of biden, we decided to do kamalalopoly. we talked about the border and we talked about high inflation. and at the end my grandson said, hey, this game is even worse than the old man's game, and he's right, you know? kamala harris is going to be worse than joe biden. the continuation of and actually worse than joe bide, and that's what the ad's all about. stuart: that's one of the better ads this political season. congressman, thank you for joining us. see you again soon. >> thank you. stuart: check futures fast, please, dow down about 260, nasdaq off 111. rising interest rates not
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so, you know, han is 22 years old, and we've been together most of my life. not often do you have a childhood dog that, that lives this long so i think it's really unique and special that we've experienced so many, so many things in life together. knowing that he's getting good nutrition and that he has energy is a huge relief for me and my dad. “such a good little bean.” we're so grateful to have had this time with him, so let's keep it going and make every day special.
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stuart: two minutes to the opening bell. looks like we're going to go south at the opening bell today. mike lee with me this morning. big question. does the rally continue if the yield on the 10-year treasury keeps going up? enter well, stuart, i think it depends how much it goes up. if this 01-year gets up to the 4.50, 4.75 range, i think we run into some speed bumps. but i think, look, i -- the 10-year running is part of the, quote-unquote,, trump trade in that the markets are trying to price in a trump win. historically, 10-year yields end up higher under republican presidents although in the first trump term that was not the case. stuart: speed bumps as opposed to an end to the rally. >> yeah. the bull market is not stopping. stuart: it's reacting now. look at this, 4.24 on the 10- year, expect dow's off 160, nasdaq's down 1000 -- 2690. >> if you've missed the last
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couple of months of rally, you're going to get an opportunity to get involved. stuart: i want to talk about palantir. is it still the best investment that you can ever remember? >> i've never seen anything like this in my life where you have a company that, you know, the addressable market or the potential revenue growth is a 10, 20 the, 30, 40, 50x from what they're done right now. it's -- there is no company like them in the world. hart part of it is that -- part of it is that they were started with funding from the cia. they have technology that people will never fully get their arms around because a lot of it is classified, but if you think about private companies that have developed things for the department of defense like motorola, the internet, these sorts of things get to be transformational -- stuart: the way you've been supporting it, i'm surprised you haven't moved the market yet. still at 42. we'll have you tobacco -- back and see if you can make some progress. mike lee, thank you very much.
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>> thanks, stuart. stuart: we have opened on the downside. the dow is off about half percentage point, and there are far more losers, in red, than there are winners in green. the s&p 500 also opening to the downside. down just over one-quarter of 1%. not as big a loss on the dow. now it's about a third of 1%. the nasdaq down .38%, 18,5 is the level. big tech, where is that? microsoft up to $430 today, a gain of a couple of bucks. alphabet's up but metaing amazon, apple, they are down --. and then we have nvidia. the ceo says the blackwell chip has a design flaw. say it ain't so. did they fix it? >> yes. and nvidia's speaking very well about the ceo of tsmc who stepped up to the plate to the help them fix it. we had sort of rumors that there was an issue. this is actually confirmation that a there was, indeed, that issue. but also confirmation that it's been resolved.
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tsmc and nvidia worked together to resolve it, and and all is in the clear. stuart: and the market believes the resolution because both are down ever so sight slightly. talk to me about mcdonald's. you're off 7.25%. they've got an e. coli -- that shaves 155 points off the dow. tell me about it. >> a big decliner in the dow. so look the cdc is saying that, unfortunately, they've seen about 10 hospitalizations and 11 death. the common denominator here is they've been asking people what they have been eating, and the common denominator is they're going to mcdonald's and getting, i think it was the quarterpounder burger. look, we don't is have is full confirmation yet, need to hear from the cd can c, but unfortunately things like this do not help the company. stuart: 6%, 7%, that's a big deal. all right. we had some earnings reports before the bell this morning, start with coca-cola. >> big price increases generally are work. the stock is down 3 because it
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is -- % -- 3%, you had a 9% increase in prices the previous quarter, a 13% increase in prices the quarter before that,s but you are seeing decline in juice, water sports drinkings, coffee and tea, and consumer's under pressure if as the price increases are hitting. stuart: next case, at&t. >> really good new ad additions on paid phones, well above expectations, and the metrics on on retaining customers were also better. stuart: so what went down -- >> the stock didn't like it. you have to take a breather somewhere. of. stuart: let's go to boeing. >> not good. look, we have had a lot of issues with this company. we know the big strike is happening today, the vote on that strike is happening today. but overall, they're now saying that they're looking at $6 billion in losses. a little bit better than expected, but you're till seeing a decline in revenue. this is the loss, this is the backlog, this is a union vote on the strike later today all
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pressuring the company. stuart: i wonder how many people are going to buy this dip, because that that's a big dip. next case win bag go. i -- win bag go. >> this has to be one of your favorites, right in the big rvs -- stuart: why do you think i like them? just because i'm old in. >> you don't like rv camping around the country? my parents love a good rv. but not everyone does, right? [laughter] sales are down. a big profit miss. the company's saying really sluggish retail demand, really big head headwinds in terms of rv and the vehicle industry there and is sort of macro and micro headwinds impacting -- stuart: you really don't know me very well -- [laughter] >> you don't want today a r an vr trip? cross-country? if. stuart: we'll return to the subject9 some point in the future. starbucks, now, their sales were way down in the fourth quarter. about 7%, weren't they? that's huge. >> yes.
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really big deal. now, these were preliminary results ahead of the full earnings, stu, that we're going to get october 30. so this was the ceo giving us a little hint of what to expect and. maybe more importantly for the stock, they're pulling full-year guidance saying that the new ceo, brian nichol, who came if from chipotle, really needs time to assess the financials. went you -- when you pull full-year guidance, that's when people get nervous of china sales were down as well. the pumpkin spice latte, are you a fan of that? i'm 0-2 for you. stuart: no. >> came out august 22nd, usually gets people in the store but it isn't this time around. big promotions on the app aren't working, so the company has figure out to do. stuart: $94 a share. got it. amazon, they're shutting down part of the same-day delivery service.now,hy are they doing t? >> you know, cost cutting, excuse me while i get my words out. this was called amazon today
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where you could get delivery from a brick and mortar store or a mall, basically shut it down. i had never heard of it and just a few of the employees in that a division are also going to be laid off. stuart: if i go on amazon, i want it to come to me. i don't want to go to them. tell me about the dispute between qualcomm and arm, the chip designer, because qualcomm's way down. >> yes. okay, so this was interesting, and arm is down. we were hearing that arm was threatening to kill or to pull away a key license that qualcomm has which allowed qualcomm to use one of the designs that arm has. remember, arm is a chip designer. if they pull that key license, qualcomm then wouldn't be able to make a chip based on that arm design. so that is a big deal. again with, rumors for now, we'll work to confirm and clarify. stuart: taylor, thanks for being with us. next case is the big board. where are we now? down 247 points. some of that loss is accounted for by mcdonald's which is a
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dow stock that's way down. there are some dow winners. verizon, united health, visa, america, american express -- merck. all of them in the green. the s&p 500, northern trust, packaging corporation, on semi, texas instruments. they're all winners, all in the green. nasdaq composite, on semi, texas instruments, baker hughes, siriusxm radio. all up, in the green. coming up, kamala harris making this admission when asked how voters are feeling lately. >> the the idea of the american dream was something that previous generations could count on, not as much anymore. stuart: did harris mean to say the american dream is dead while she's been in the white house? andy puzder is going to get into it. biden using some of his strongest rhetoric yet at a new hampshire rally. watch this again. >> we've got to lock him up. [applause] politically lock him up. lock him out, that that's what
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we have to do. stuart: that comment, lock him up, that's getting a lot of anticipation, but is it the kind of attention that harris wants in her campaign? bill hemmer takes a look at it. crypto insider s concerned with the presidential race but also down-ballot races. the balance of power on the hill is up for grabs. we're following the crypto campaign dash cash. a full story on that next. ♪ and i can hear a bull ring ♪ one more look and i forget everything. ♪ mamma mia, here i go again. ♪ my, my, how can i she wrist ya? -- i resist ya? ♪
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how much are these pacs spending, and who are they spending it on? >> reporter: stuart, a number of firms are flooding cash into senate and house races boosting the candidate that they think is more friendly to crypto. according to politico, about 160 million in political spending from crypto has poured into down-ballot races, but the spending is divvied unfairly qualitily among republicans and democrats. -- equally. party does not seem to matter, just the one issue of where they stand on crypto regulations. here's a breakdown so far, house democrats receiving $31 million, senate democrats receiving 30, house republicans 16 million, senate republicans 49 million. in the senate the crypto industry is hoping the put several new crypto-friendly paces -- faces in the upper chamber like ad a -- adam schiff, jim justice, rubin gal go, elissa slotkin and bernie moreno in ohio. ohio is the battle ground state where the crypto industry has a lot to lose if they don't beet
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senator sherrod brown. he's a known skeptic of the industry. just last year he urged treasury secretary yellen and sec chair gensler to put in place better rules to protect investors. fox news power rankings still has that ohio senate race ranked at a toss-up. stuart? if. stuart: quick programming note, the fox business special the crypto campaign hosted by sean duffy, it will air friday night at 8 p.m. eastern on this network. now this, all eyes are on tesla's earnings. they come out after the bell today to. emil michael is a former executive at uber and a tesla analyst. tesla investors, i think they want more information on the robotaxi. if they get it, i think they'll get more enthused with tesla, with the stock. what say you? >> i agree totally. the october soth -- 10th event when they rolled out robotaxi was high on appeal but light on details in terms of timing of
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when the taxi's going to come out. elon had sate late '26, maybe '27. that was a little far away. and then the business model, how does it work? do you buy then and then lease it back to a network with an app like uber has where you can order it, or how does it actually work? i think those details will flesh out what i think will otherwise be a decent earnings quarter and may sort of send the stock back toward where it's been in the last year. stuart: are you convinced that the robotaxi is the thing of the future, the big deal for tesla are, the car company, in the future? >> i am because there's a lot of competition coming in evs from the chinese auto manufacturers and from some of the incumbents that are finally getting their act together and producing evs that people want. and i think elon's way ahead of them, but he's got increasing competition. so if he involves a new businesw business model, like at uber's
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market cap, $150 billion. if he can replicate something like that, i i think that adds a whole other layer of value to tesla. stuart: you're a former executive at uber. what do you make of the possible acquisition of expedia by uber? good fit? >> it definitely does not fit, and i hope it was just a rumor and not a real thing because i still hold shares of uber. doesn't make a lot of sense to me. uber's about moving cars with people in them in realtime. expedia's sort of a broker, right in they broker airline tickets and hotel reservations, and it's not really an everyday use case where uber is. you get an uber every day, you order uber eats. expedia, you travel once, twice, three times a year. i think instacart fits better if i were in management there and thinking about what i'm doing in terms of acquisition strategy. stuart: got it. emil michael, thanks for joining us this morning. we're all -- we'll all be glued
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to fox business this afternoon when tesla results come out. i'm sure you had been too. thanks for joining us. >> i sure will be. thank you. stuart: madison, run through the economic numbers when trump was president versus the economic numbers when harris was vice president. compare and contrast. >> absolutely. i mean, we can do this because we have both of their records. taking a look at these numbers that the job creators' network pulled which is a conservative u.s. advocacy group. when you look at overall inflation, under trump sears us biden-harris -- versus biden-harris, it rose 7.3% compared to 20.5% under biden-harris. real average wage growth went up under former president trump and went down under biden-harris. gas prices were much cheaper or under a trump presidency, as you can see, and then mortgage payments, they are about $1,000 cheaper under trump compared to biden-harris. the group ends their findings by saying, quote, they say the best
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predicter of future performance is past success. if this is true, the choice facing voters this election is obvious. i do want to point out that one metric the group did not include comparing the two candidacies is the deficit. and both white houses have driven our deficit into the red. stuart: that is true. madison, thank you. coming up, just look at what the harris campaign has become; angry, negative, full-on hate trump. he's dangerous, he's unstable, host not fit to serve. what a descent into irrelevance. she still can't answer questions, she won't stake out her position. that's my stake -- take, top of the hour. longtime residents in indiana struggling with an influx of migrants. residents don't feel safe. we have the story on that next. . so i started my own studio. and with the right help, i can make this place i love even better.
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flood has been too much for this ton to handle. over the last three years, the mayor estimates -- estimates more than 3,000 people have moved in, most of them being haitians who are in the country legally through the biden administration's chnv parole program and with temporary protected status, that is a 20-30% increase in population, and it's creating a lot of issues. the health department is seeing an uptick in cases of tb, hawaii and aids, the roads aren't as safe with a 30% jump in accidents and driving violations, and a lot of longtime residents say they don't feel safe anymore. >> it keeps on getting worse and worse. they keep bringing them in. >> they need to go back to where they came from, because there's too many here. they're taking the over the town, actually. >> we're all for compassion. we understand why people come here from all around the world, but you can't do that at the expens of everyone else either.
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you've got to have compassion for those who are here. >> reporter: the police chief says there hasn't been an increase in crime, but a lot of locals say the big cultural differences with this latest group of immigrants is leading to a lot of uncomfortable situations. if. >> don't walk, just one or to two of them, there are five, six, seven of them and they stop right in front of your house and stare at you. we have cameras on our porch now. they have come up on our porch and grabbed some of the baby's toys, and i'll be sitting in the living room, hey, hey, hey, that's ours. and they just look at me, put it down and walk away. they say nothing. it's unnerving. >> reporter: this surge of haitians is also a impacting the schools. in 2021 the district had just 14 haitian students. today there are more than 200, most of whom don't speak english when they arrive. the school superintendent tells us neither he nor if any of the principals is have complained --
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received complaints, but city resources are being stretched and the mayor can calling on both the state and the biden administration to step up with more help for this town. stu? stuart: garrett, thanks very much, indeed. quick check of the markets. the red ink remainses. dow down 250 points, nasdaq so down just 85. still ahead, tom homan is here op on harris dodging questions about whether she would abolish i.c.e. biden says world leaders warned him democracy would be at stake if trump wins. florida congressman michael waltz reacts to that. harris refusing to give specificsen how she'll govern. politico sounding the alarm. martha maccallum will be here. there is a surge in the number of young people being arrested for serious crimes in new york city. jon levine has the story. the sock hour -- 10:00 hour is next. ♪ 'cuz, baby, there ain't no mountain high enough -- ♪ ain't no valley low enough. ♪ ain't no river wide enough to
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stuart: i am beginning to sound like a broken record but we see new york city bathed in early fall sunshine all the way through to the election. lauren: a nice warm halloween. stuart: i can't remember a time there has been weather this good for so long. back to that. 10:00 eastern. look at the market on the nasdaq, much of the dow lost is accounted for by mcdonald's which is taking a 7% hit this morning, the 10 year treasury yield is moving up 4.25%. that is not good for the market. the 2-year treasury firmly above 4%. the price of oil $71 a barrel.
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