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tv   Varney Company  FOX Business  October 31, 2024 9:00am-10:00am EDT

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>> it changed the whole news cycle from that of covering the comedian at msg to covering this in a very, very fun way. i think you're absolutely right. maria: you know what else changed, she had her closing arguments, kamala harris, the night before. nobody was talking about her closing arguments, they were talking about garbage. [laughter] >> that's right. >> i mean, it's just great that he's h much fun and and he's become incredibly funny, whether service, what, the al myth dinner or with his little stand-up routine, now this. he's enjoying himself. maria: and if price at mcdonald's. exactly. we are 30 minutes away from the opening bell. we're at the lows of the morning, dow down 25, the nasdaq down -- 235, expect s&p lower by 38. we'll see you again tomorrow. "varney & company" picks it up now. stuart: toward morning, everyone. could it be that garbage is kamala harris' unfortunate october surprise in maybe it is biden who is her october
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surprise. tuesday the president calls trump supporters garbage. wednesday trump drives a garbage truck to a rally, wears a vest for his speech and turns the garbage insult into a pr triumph. he told a cheering crowd 250 the million americans are not garbage. meanwhile, the latest fox polling shows trump up slightly in pennsylvania and north carolina. it is a tie in michigan. today the swing states get, again, get the candidates' attention. trump goes to new mexico, nevada and arizona. harris also goes to arizona and nevada where, report willed i -- reportedly, he may be joined by jlo. we'll start with some stocks that are truly selling off at least in premarket action. investors not happy with earnings reports late wednesday from if moth and meta -- microsoft and meta, same with uber and robinhood, down big, all of them. half an hour ago we received a new reading on inflation. it's the personal if consumption
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expend hur churl -- expenditure number. it's up 2.1% in the last year, as expected. there's a selloff on wall street. the dow industrials down over 2020 to, nasdaq i down about 150 to, s&p down 38 points. that's the market. plenty of red red ink in the very early going. bitcoin at $732, 10 -- 722,10 -- 72, 1000. the yield on the 0-year treasury, it's over 4.30, and the 22-year is around 4.17 last time we checked, now it's gone up to 4.18. oil, $68, 69 a barrel. creeping just a little higher. the price of gas, regular, $3.13. $3.57 for diesel. on the show today, elon musk hauled into court to the explain his $1 million a day giveaway lottery for people who sign his we its. critics claim that is illegal in a political campaign. and the yankees blow a 5-0 lead. the the dodgers win 7-6, and
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they take the world series. october 31st, yeah, halloween, 2024, "varney & company" is about to to begin. ♪ ♪ ♪ stuart: i put a spellen on you. it was almost inevitable on hall a wean, wasn't it? >> halloween. >> well, lauren puts a spell on all of us -- lauren: whoa. stuart: what? >> she's just wonderful. you want to listen to her. stuart: okay. i thought you were referring to her outfit. >> it's just a black suit. i didn't want to be so obvious with orange. [laughter] stuart: we're going to start with president biden causing more trouble for the harris campaign. take us through -- there's a biting incident. lauren: it's bizarre. so president biden is known to
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to affectionately nibble at babies' feet. i think it stems from when you don't want to touch a newborn baby, is if you touch their feet. nibbling, i don't know, that's what he does. he did it several times at the annual white house trick or treat event. you can see he bites the the foot of a baby chicken, ice cream own and another in a blue dress. the babies and the parents don't seem to mind. it's friendly but it's odd. stuart: it's a little weird. we've got more to go at a, but that is strange, to look at that from the president of the united states. one more possible item for the harris campaign to have to put the fire out, i guess. now this, trump seized upon biden's garbage comments, riding his own garbage truck to that wisconsin rally. you've got to see this. >> huh do you like my garbage truck? this truck is in honor of kamala and joe biden. and i have to given by saying 2500 million americans are
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not -- 23520 million -- 250 million americans are not garbage. [cheers and applause] we know it's really what they believe because look at how they've treated you. they treat you like garbage. we treat our whole country like garbage with open borders, with all of the horrible things they have done to hurt our country. stuart. stuart: there you have it, seems the harris campaign just can't get away from the president p. it's a real negative for the harris campaign. >> yeah. first of all, offer a rule of thumb, only with your own baby. other people's babies are off limits -- stuart: yes. [laughter] >> if the president had kept that in mind -- i don't want to make too much of the biting the baby either, but the garbage comment is a problem, right? you're reminding everyone that you think their possible support for your opponent who, by the way, your allies have actively tried to put in jail, makes them immoral and sort of un-american. a lot of people feel that
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democrats feel that way about them because they express it not always in such explicit terms frequently. but kamala harris is out on the trail. at the time you with said this comment, she's right in front of his house saying i don't believe that people who disagree with me are my enemies, and he's back at the white house going, nah, they're garbage. this conversation obviously isn't what the wanted the communicate. st the obviously not good for her. but i think it comes from a place of a lot of people having thought this way about trump supporters for nine years now. stuart: i think so. new fox polls, neck and neck in michigan. trump slightly out front in pennsylvania and north carolina. mary katherine, does this all come down to voter turnout? if. >> yeah. i'm going to be that pundit with unhelpful information. this really does hook like a jump ball, doesn't it? [laughter] the the fact is, this is very, very close. and the problem for kamala harris is that the trump is sort of with the mcdonald's thing, with the garbage truck thing, he is embodying in the president
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trump from the first term, he is embodying, to me, the guy who was in home alone 2, the guy when was a cameo, the fun, endearing version of trump, a little self-depracating as you saw in that speech last night talking about how he looked thinner in his garbageman vest, so he went ahead and wore it. those moments, i think, are humanizing for guy who's been demonized so aggressively for nine year, you wouldn't think you could breakthrough with something like this. when democrat cras say you should be super scared of this guy and he shows up in a vest in a garbage truck enjoying himself, he doesn't look scare -- scary. stuart: what a contrast. mary katherine, thanks for being with us this morning. >> thanks for having me. stuart: fox business has special election night coverage kicking off tuesday, 5 p.m. eastern. now let's get to the money. we have the latest readen on inflation. it is the personal consumption
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expend ifture report. sounds like a mouthful, but that is the fed's preferred inflation indicator. what do we have, lauren? lauren: pce, 2.1% on an annual basis, just a hair shy of that 2 2 federal reserve target, and that is the lowest in three and a half years. slightly different if you strip out food and energy prices. core inflation came in slightly hot, 2.7%. that is the most since april. but, look, jobs tomorrow, election tuesday, fed wednesday. a lot of noise for jay powell to consider. stuart: don't forget the election tuesday. lauren: exactly. stuart: and hopefully the resultsen on wednesday morning. lauren: what do you do with all this data with nothing going on? maybe nothing. stuart: thanks, lauren. check futures, please. we've not a ton of red ink, down 240 on the dow, down 150 on the nasdaq. adam johnson with me this morning. what do you make of that pce inflation report? >> not much, and i'll tell you
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why. two of the four indicators, gdp price index, are both at is 1.8%. two of the four inflation indicators, stuart, are below the fed's target of 2%. so, you know, you look at a pce and say, well,, as lauren points out, the core may be a tad hot, but that's okay. it's one of four, and two of four are actually below where we need to be to. is i'm totally fine with today's data. stuart: we received met and -- meta and microsoft if's earnings after the bell yesterday. what went wrong? are those two results a pointer for the rest of big tech? >> i don't think so, but in terms of what went wrong or at least what investors didn't like, i think it's the fact that these companies are spending so much on a.i. i'm okay with that. i'm long both of them. sure, i'd much rather see the stocks up, but remember, these companies beat the estimates. they beat the earnings estimates, they beat the revenue estimates and, arguably, they raised guidance as well. they are glueing considerably.
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if you have -- growing considerably. if you have the spend some more money in order to pursue this a.i. agenda but a.i. infrastructure, a.i. platform, the a.i. that's revolutionizing business, if they have to spend more on that, i'm okay with it. i don't mean to sound like a pollyanna, but i'm okay with it. stuart: i think investors wanted to see the results of all the money they've poured into a.i., they want to see it in the future. they're not forecasting a huge increase in the future. >> that's a fair point. this is going to the take time and cost more than everybody realizes. so a pause at this point may be justified or fair. would i sell either of these names? absolutely not. i plan to continue owning these names because i'm looking at what's going to to happen over the next several quarters and, arguably, the next several years. a.i. is expensive, and it does take time. stuart: and these two companies do have the cash. >> yes. a mountain of cash. they can aafford it.
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stuart: coming up, mentalist oz. perlman, he's known for his mind-blowing tricks. watch this. >> don't can open your eyes. tell us, you just bought it, put it in your pocket, which one did you end up buying? say it. >> skittles. >> you said skittles. hold your hands up for me. >> you've got -- what? [laughter] stuart: had quite an impact with that ors didn't he? [laughter] quite an impact. all right -- lauren: confusing. stuart: he's going to join us in the 11:00 hour. elon musk promised to cut spending by $2 trillion if trump is elected. >> how much do you think we can rip out of this wavessed $6 -- wasted $6.5 trillion harris-biden budget? >> well, i think we can do at least $2 trillion. >> yeah! [cheers and applause] >> yes. >> $2 trillion. stuart: is that possible, $2
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trillion? we'll ask our next guest. he's on the house budget committee. georgia congressman buddy carter will be with us shortly. ♪ tell me, tell me, tell me something i don't know ♪ chase really knows how to put the hart in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you. wait hold on, don't you owe me money? what?! your money is a part of your community, so your bank should be too. like, chase!
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stuart: 14 minutes to go, we open the markets, and we're down 20240 on the dow -- 240 on the dow, 140 on the nasdaq. some individual stocks really pulling those indicators or sharply lower. now look at peloton. 19% higher of we like to keep you up the date with this company and this stock because it's been all over the place. it's up big this morn managerment they just tapped a
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ford executive and the founder of apple fitness plus, peter stern, he's going to be peloton's next ceo with, and investors really like it. the voting process already under scrutiny in many states. some of the top battle ground have ongoing court cases already. david spunt joins me. take me through the cases, please, david. >> reporter: plenty, the legal challenges will continue in federal courts across the country, several ending up likely at the supreme court here in d.c. we're waitingen a ruling, a case that would affect thousands of provisional ballots in pennsylvania. the republican party in pennsylvania, stuart, wants the justices to block a ruling by the state supreme court that requires election boards to count provisional ballots submitted by voters whose mail-in ballots had not been deemed -- or who had been deemed invalid for reasons like being mailed without those secure envelopes that are required. yesterday the court gave a win to virginia governor glenn youngkin who says he can keep some 160 0 people removed under
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a program seeking to weed out potential noncitizens as voters. the justice department i says lawful citizens were removed from those rolls by the state. these are the states where there are election-related challenges moving through the system. expect more states in yellow as we get closer to the election, even after the election. notice many of these are battleground states. while the supreme court may be involved, the justice department is trying hard to stay out of these legal fights. the department sent out a press release touting it policy of not take, quote, overt criminal and investigative matterses regarding ballot fraud until the election in question. critics argue that prevents realtime intervention in any credible fraud investigation. former attorney general bill barr changed the four-decade policy in 200 the when he -- 2020 when he directed attorneys to investigate potential fraud if before certification but after voting ended, stuart. stuart: david, thank you very much. elon musk says that he wants to
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cut government spending by at least $2 trillion. joining me now is georgia congressman and house budget committee member buddy carter. congressman, there's widespread skepticism that he can actually get this done. can you tell me how he's going to cu cut $2 trillion out of the budget? if. >> well, first of all, it can be done. we can cut $2 trillion out of the budget. keep in mind now -- stuart: but how? hold on a second. congressman, i'm sorry, but $2 trillion, it's an enormous amount of money. or -- how's he going to do it? >> well, our budget is enormous amount of money, let me remind you. but even through executive action, just by executive action, the biden harris has spent $911.22 -- 1.22 trillion. there you have it, waste, fraud and abuse. let me assure you, as a member of the budget committee, i can assure you there is plenty of waste, fraud and abuse, plenty of money that can be cut in our budget, and we are doing that in the budget committee right now.
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we are looking and trying to balance our budget, and we've got a plan. over the next 10 years, if we follow that plan, we can balance our budget. and let me remind you the second highest line item in our budget right now is interesten on our debt. so instead of asking the question can we cut $2 trillion, can we aboard not to cut $22 trillion? -- afford not to? that should be the question. stuart: okay. georgia's secretary of state says more than 3.22 million people have already voted. that's a record for the state in georgia. congressman, is that good for trump or good for harris, this huge early voting? >> i think it's good for trump. look, we learned our lesson four years ago and, you know, fool me once, shame on you. fool me twice, shame on me. people want to vote for donald trump. if you look and break down the figures and examine them, you'll see that the red rural areas are voting more than the blue urban
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areas are voting. and and i think that's an indication that they're voting for trump. so come hurricane or high water, people want the vote now. georgia is a red state. every statewide elected official we have with the exception of our who two senators are republicans. and we are going to make sure that donald trump wins this year. stuart: got it. congressman buddy carter, thank you very much for joining us, sir. we appreciate it. see you again son. adam johnson with me this morning. let's get back to to government waste and cutting spending. >> yep. stuart: do you think that that trump and musk can cut $2 trillion out of the federal budget? >> no, not in one year, and i'm not sure i want them to, is and i'll tell you why. u.s. gdp is about $5 the trillion. government spending is about 25% of that -- $25 the trillion. they're going to cut it by a third? so guess what that would do to gdp. it shrinks gdp if you cut government spending by that much. what do you think earnings and
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the economy are going to do if you cut it that much by definition? you could almost force the economy into recession simply because you are putting such an axe to government spending. stuart: the counterargument is, okay, you put an axe to government spending, but you put money back into the economy. >> okay. i'm not saying good luck to you, but good luck to anyone who wants to try to attempt that. think of all the levers you have to pull. cutting $22 trillion and getting concern $2 trillion and getting congress to to agree to the tax cuts, that's herculean. stuart: it is. that's his stated goal. >> yeah. stuart: thank, adam. trump just got got a very interesting endorsement from the astronaut, buzz aldrin. lauren: who's 994 years old. -- 94. he is endorsing trump because he has never seen our government's approach to spates if wax and wane -- space, a fluctuating dynamic that has disappointed
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me. but under the first trump administration, i was impressed to see how human space exploration was elevated, made policy of high importance again. aldrin also commented on trump's friendship with elon musk. he called elon musk a visionary in private space exploration. he likes what he's seeing. he says the country needs a leader with firmness and follow-through. stuart: okay. who would have thought space would be an interesting factor in this election, but maybe it is. lauren: spy satellites? stuart: yes. we're twinge to discuss that. check out the market as we approach the opening bell. down 240 on the dow, down 145 on the nasdaq and, yes, the opening bell is next. ♪ ♪ if
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>> i'm not so sure it's over. stuart, every now and then a great stock will go into a year or two years of range-bound action to digest the big moves before that. it's only down 10% off the highs. it's trading where it was in february. but there are some issues. number one, it's got a $3.2 the trillion market cap, very tough the grow that and a $250 billion in sales, very tough to grow that also. and when you decelerate the growth of sales which is what they've cone both on the big number as well as azure, stock will pay a penalty in the near term. i wouldn't sweat it just yet. and just remember, walmart, they said, was dead a few years ago, and it just keeps going to new all-time highs. i don't own it right now but great company and hope toful down the line. right now, it's going to stay range-bound. stuart: okay. we spend a lot of time concentrating on the 10-year treasury and the yield. it's gone from 3.6 to 4.3 in a
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matter of weeks. can does that spell trouble for the whole market? >> it already has. we had an 11 10 to-point down week for the dow. all the way to the biggest of corporations, every tick higher is a little bit more of a headwind. i do not want to see it get above 4.5, and if it ever gets over 5, look out, because that will mean the fed, again, is way behind and is wrong again, and the market hates when the fed is wrong, and they've been wrong too often. stuart: you picked out one stock in particular. i think you like it. it's reddit. it's the up again this morning. what's so special about it. >> i'm always just looking for new merchandise, stuart. they came public a few months ago, and they just had a major acceleration of their sales to 68% year-over-year. my biggest issue is valuation at $20 the billion market cap. i don't think it can stay right there, but i think eventually if they grow their business the way they have, i think institutions
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will have to jump all over it. i don't own it just yet, but it's something on my watch and, again, new merchandise, the great winners of ten years from now are going to be names you've never heard of that just have come public. so it goes defin definitively on my list. stuart: one week from today we hope to have an election result. what is the election result that you want to see as an investor? >> grit lock. gridlock. both parties have shown they cannot control debt and deficits. i think that's the biggest crisis we have. and i think if we can get some gridlock -- my biggest worry if she gets everything, the trajectory of debt, deficits and spending right now is unimaginable and cannot sustain. stuart: do you hold much faith in musk cutting $2 trillion out of the budget? >> yes. and i tweeted to him, i told the him i'd help him, i know exactly how to do it. stuart: okay. we'll get your ideas at a some point in the future. gary kaltbaum, thanks for joining us. the market is now open.
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some joy from the fellow pressing the button. the dow opening with a loss of over 200 points, over one-half of 11%, far more -- of 1. far more red than green. check out the s&p 500. that also opening lore to the tune of three-quarters of 1%, a bigger percentage loss than the cow. and look at the nasdaq -- than the dow. it is off 1%. so escalating downside moves, dow, s&p and nasdaq. let's have a look at big tech. it's going to be the down, most of them. we've got one winner, that's google. st the up 40 cents, but some big losers. meta is down $14, 2.4%. microsoft down $20 the now, 4.5%. big loss there. let's pull out microsoft. that loss, by the way, shaving 140 points off the dow industrials. all right, good morning, taylor. what's this about a slowing cloud business? >> yeah. so last quarter the cloud growth was about 34%. there are some concerns in the future that cloud is only going to grow 311-32% in the next
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quarter, but i would argue take a deep breath here that i don't think any if analyst who liked the stock yesterday sees slowing cloud growth and all of a sudden doesn't like the stock today. most people are still very bullish on this company. you know, you're still the earning at 30 plus percent. stuart: let's talk about meta. they reported late yesterday. that stock is down 2, 22.11% right now -- 32. 1%. what's this about increasing a.i. expenses? >> i think investors have some ptsd from this. remember when there was massive spend anything 2022 from zuckerberg and the shares tanked and he had to come out in 2023 and say this is the year of efficient she, we're going to tighten our belts -- efficiency. i think investors get a little nervous, but this time, remember, it's on a. it. it's not really on the metaverse and no one really knows what it's going to do or if it's going to be profitable. this actually could be good spending if they really want to be a competitor in a.i. stuart: we should point out meta
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is already up 600% year to date, so -- 60%. so there's plenty of room for profit taking. starbucks. the ceo, brian nichols, says he's going to overhaul the coffee shops. >> i love this story. he wants to bring back super comfy chairs, ceramic mugs. he wants your drinking to you within 4 minutes. not charging for non-dairy products which in some instances were an extra 80 cents, really going back to our roots, bringing people together and simplifying the menu so you don't walk in and have three different choses and a thousand different add-ons. really just going back to basics. stuart: i'm up for that. what do you say, adam? >> yes. [laughter] to go into a coffee place and they say what kind of milk would you like, or one person said, would you like animal milk? what? are you how -- out of your mind? milk, thank you. stuart: back to the to the good old days. uber reported before the bell
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this morning. they're down 7%. what went wrong? >> gross week -- bookings, which is a measure of the revenue they bring in from bookingsings. disappointed a little bit. grew 16% but shy of analyst estimates. again, just a mismatch here with what the street wanted and what the company was able to deliver. stuart: just a little disappointment, adam, and down they go -- >> i'm disappointed. i own the stock, and i'm certainly not going to sell it on this. this is a company that is revolutionizing how we travel, how we ship goods. it's a mobility story. it's a clean energy story. there's a lot to like about uber, and and i'm okay with it. stuart: okay. we've got to to get to djt. i believe service the down before the market -- can it was down before the market opened, now it's the up 8%. if tell me more. >> i get heart palpitations watching the stock, right? i mean, we've talked about september '23, the bottom was about a $12 stock. we went up to the 50s, then it plunged 20% yesterday, now it's
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up 7.5% today. we're all over the place. again, no fundamental news this morning, but just a gauge of watching the president in the polls and some of the latest speeches. stuart: do you think, adam, that trump's use with of the or garbage truck -- >> oh, it was brilliant. stuart: -- that's affected djt? i don't know. i'm speculating. >> so what was with it you just said, taylor, that there was nothing substantive -- >> right. no fundamentals. >> yeah, there are no fundamentals. there is nothing to this stock. there is no if reason to own it. and the fact that it could potentially be up, you know, 8% or 3% or whatever it is the at this particular moment simply on a garbage truck stunt tells you everything you need to know. there's nothing here. stuart: you wouldn't put it in your portfolio. >> oh, gosh no. there is no fundamental reason to own this company. stuart: after the belled the the we're going to get amazon, apple and intel. go through them. what are investors looking for? if. >> amazon and apple, or $5.5 trillion in market cap. a apple, the story is simple, iphone 16, apple intelligence,
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how's the upgrade cycle going. amazon, a different story. how are retail sales doing with a little bit of an increase in the prime membership. so far they haven't seen any signs of slowing. it'll always by been be about that. and intel is down 55% this year. this is a stock that really has to turn it around in terms of the company. some concerns that guidance in the future is too high because of weak pc demand that people are starting to see, so you have to make sure, again, guidance in line with what investors and the company have together. stuart: a adam, of those three stocks, which do you think will be the standout this afternoon? >> i think amazon's the one that matters most because it touches so many of us, and it's a barometer about the economy. apple you kind of have to own, it's core inyes knewty. and intel, i think, or actually gets kind of interesting. you know, when great companies stumble, dot, dot ors dot, you buy them. that i think that's intel. stuart is it in your portfolio in. >> yes, it is, recently.
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i've been watching i it for 2-3 years, and recently i thought, you know what? this is the time. we found out apollo's looking to invest $5 billion and, number two, qualcomm might buy them. stuart: okay. tell us which stocks do well if trump wins. start with trump. >> yeah. border. obviously, a big theme. you're looking at some of the names right there on the screen. one is drones in that watch us from above. axon enterprises, tasers, right? security. you look at geo group, for-profit prisons. and finally, motorola solutions which does all the electronic cameras networked together. that is how you secure a border, those four companies right there. stuart: that's fascinating. anything to add, taylor? >> no, except sort of the low regulation, pro-growth economy and all the trades that we saw in 2016 right now seem to be working again. >> yes. stuart: have you got anything for harris if she wins? >> health care. in a word? yeah. buy just about any health care you want and go with obvious
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names like, for example, seventeen, number one for med if care -- centene, cvs, more people getting health care, more prescriptions, they make the emergency rooms get paid for by the government -- or you and me, if you prefer. and unitedhealth simply because it's a barometer for the sector, largest insurer. stuart: there's a lot ridingen this election, isn't there? >> a lot riding. stuart: thank you very much, indeed, taylor. biden called trump supporters backer an -- garbage, but he's not the only democrat who's insulted republicans before. >> you could pat half of what trump's supporters into what i call the basket of deplorables. >> [inaudible] >> antipathy toward people who aren't like them. stuart: are voters or tired of being talked i down to like that? rachel campos cuff my takes it on later in the show. trump seizing on biden's trash talk by showing up in a garbage truck is and wearing a bright with orange vest on stage.
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>> they said it would be unbelievable if you could wear it on stage. they said i look thinner. i said, in that case -- [cheers and applause] i'll wear it op on stage. i may never wear a blue jacket again. [laughter] stuart: was biden's gaffe campaign gold for trump? if we'll ask kennedy later in the show. elon musk's spacex gaining dominance as a military contractor. musk is moving into the business of building military and spy satellites. house intelligence committee chair mike turner is here next. ♪ why do i always feel like i'm in the twilight zone? ♪ i always feel like somebody's watching me concern. ♪ and i have no privacy ♪ ♪
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stuart: all right, we are 12 minutes into the trading session, still plenty of red ink, especially the nasdaq.
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that's down 1.3% right now. take a look at doordash, they've announced a new partnership with list. members of doordash will receive discounts on rides. doordash is up .85%, lyft is down 1.5%. back to the election, please. trump and harris just made their final pitches to voters in swing state north carolina. mark meredith is in asheville. mark, that city hit badly by hurricane helene. has that hurt or early voting? >> reporter: stu, early voting in the state is still breaking records, but in terms of what the turnout will be specifically in the storm-damaged areas, that's yet to be seen. where we are there are still piles of debris9 scattered everywhere. it is amazing to see how much of this beautiful town is still dealing with the cleanup. and even places like this vaunt the right here behind me, it's going to be to have to be completely torn down. the state is trying to to ensure the 1.22 million people that live in the storm zone are going
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to be able to cast their ballot. officials have eased some of the rules allowing things like different areas where you can pick up your absentee ballot, drop it off and making sure people have access to vote. we expect officials to set up tents in a more rural part of the state, an indication they a went to get out the vote, but infrastructure is just one part of the problem. >> obviously, the hardest part is trying to find those workers that will staff it, you know, for over the hours a day -- over 12 hours a day, just ensuring we've9 got them fully staffed, that can be the most difficult and challenging part. >> reporter: north carolina overall still seeing strong turnout in terms of early voting with more than 3.3 million people already casting their ballot. both major presidential campaigns swung through north carolina just yesterday, they're going to be here to over the weekend as well. vice president harris planning stops in charlotte, former president trump in gastonia and greensboro. trump ahead of harris by about 2 points, but that's within the
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margin of error. one of the big questions is what happens here in western north carolina, a more predominantly republican area which could decide whether or not trump wins the state or if those people, again because of the storm, are unable to vote or simply have too many or hardships. from what we are gathering talking to those folks, people still want to make sure their voices are going to be the heard even as they deal with cleanup. stu? stuart: mark, thank you very much, indeed. elon miss' spacex has been working with the pentagon on spy satellites. ohio congressman and chair of the house intelligence committee mike turner joining me now. chairman, mr. chairman, musk is becoming very important to america's military. you comfortable with that? >> well, i think one of the things that's very, very important that we have to push our military far and our intelligence community is to pull technology and innovation forward. if you know, we used to have, as you're very much aware, a military and intelligence community that would bog itself
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down in trying to spec its own requirements. and then go to the community -- out to the community to try to have people customize and build what the military envisioned as was its need for its capabilities. ed, luckily are, the intelligence community, the military understand that we need to look out into the commercial world for technology, we need to see what are the capabilities that are out there and pull those in and ply them to the capabilities both for the intelligence community and for the military. so we can both give ourselves and our allies these additional capabilities, but also we can apply them so we can defeat our adversaries. stuart: we've got a new report that u.s. officials believe iran will directly contact americans to try to influence the election. that is election interference from a foreign power. what can we do about it? >> right. so these are interesting reports. i've got to tell you, stuart, this is an excellent example of really political bias that's
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coming from the intelligence community. you were saying that the biden administration has been caught calling trump supporters garbage. well, here in the intelligence community's reports, you can see their bias. they talked about russia and iran attempting to influence the outcome of the election, trying to, you know, influence the debate that's going on among the american public. they come out and they say russia is for donald trump, and they're going to try to to influence the the election. then they say iran is going to try to influence the election, and they want donald trump the lose. but they don't say that iran wants harris to win. they'll suppress that. they go on to to say, you know, they just want to sow discord. but at the same time, you know, iran is known to be, even trying to overtly kill donald trump. iran wants donald trump to lose, they want hearst to win. the intelligence -- harris to win. the intelligence community is reticent to say it, but they openly say that russia wants donald trump to win.
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i think this is the bias of the intelligence community where they themselves want to use the evidence of this foreign influence to also, you know, try to influence the american public. and that certainly, i think, is unfortunate. stuart: it is, indeed. congressman mike turner, thanks very much for joining us, sir. always appreciate it. >> thank you. stuart: adam johnson, does musk dominate the satellite business? >> oh, gosh, yes. stuart: i think he does, and and i think that's making spacex extremely valuable. >> to the tune of $20 200 billion, stuart. spacex is still private so you and i cannot buy it. i wish we could. but based upon the latest valuation from monies that have come into the company, it's worth $200 tobillion. that is twice the value of boeing. stuart: what? >> isn't that incredible? boeing's 1000 billion market cap, and spacex is 20 2020billion -- 200 billion. stuart: that is extraordinary. >> and, by the way, it may never go public because imagine if they had a bad rocket, right?
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if all of a sudden the stock would be down 50%. they want to be quiet and make their money and make their mark. stuart: thanks very much, adam. coming up, biden is certainly the gift that keeps on giving. to donald trump, that is. he called trump supporters garbage. what was he thinking? the harris campaign had had had to waste precious time trying unsuccessfully to put the fire out. would be ironic -- wouldn't with it be ironic really if garbage was kamala harris' unfortunate october surprise? that's my take, top of the hour. some americans going all out on halloween decorations. we'll take you to a town known as monsterville. that's next. ♪ this is halloween, this is halloween ♪
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stuart: when it comes to halloween stuart: jeff flock is in new jersey. jeff, that neighborhood is known as monsterville. >> reporter: they changed the name to monsterville because so many people decorate their
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homes. look at that, departed brother dave, he chased a bear in a cave. i think there lies stuart varney, died of too much blarney, i don't know. [laughter] this is monster theville manor, but this is the first year this gentleman hasn't grown the the display. why is that that? >> we've just been trying to be mindful of cost. there's been a lot of increasing costs with any of the connect rations. we also -- decorations. we also get 3-4,000 trick or treaters here -- >> reporter: 3-4,000? >> yes, sir. stuart: oh, my god. and you give candy to all of hem? >> yes, we do. the cost's gone up significantly, so we started buying in july to spread it out. >> reporter: isn't that crazy. and if you talk with not just one guy, these are all a over the place. follow me across the street if you can. i want to put the number up in terms of people bringing spending down. per capita,st it's still over $ 2020 to 100, but i think $5 less this year than it was last year.
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this is ooh another one heres that is a yard full of stuff, and i've got one person i want to talk to real quick over here because -- i don't know what i just walked through, by the way. that is beczar. i'm not sure what that is -- bizarre. i just wanted to ask this lady what she thinks of stuart varney. what do you think of stuart varney, ma'am? stuart: oh, very funny. >> reporter: apparently, she's not a fan. i'm sorry. stuart: that was good stuff, jeff. well done. [laughter] we laughed. we laughed. jeff flock right there in new jersey. i expect to see at9 lot of people dressed up as a garbage workers -- >> you actually have a serious question for me after that? [laughter] okay. yeah -- stuart: i think in will be. >> actually, i think there should be garbage people tonight, and it'll be great. that's a brilliant costume. stuart: thanks for joining us. [laughter] still ahead, from deplorables to
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garbage, democrats keep insulting trump supporters. rachel campos-duffy has more. florida congressman michael waltz will react the a possible ceasefire deal with hamas and israel. we also have kennedy and representative russell fry all in the next hour. there are jeff flock is in merchant .. it's payback time. all these years, you've worked hard.
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