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tv   Varney Company  FOX Business  November 8, 2024 11:00am-12:00pm EST

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the tackle the deficit, right? a growing economy's going to create more tax revenue for the country, and that's going to bring down the deficit. >> trump has promised to control the border and illegal immigration. i think that's a pretty good reason why everybody there voted for donald trump. >> a trump administration is now going to holdup iran accountable for the actions -- hold iran accountable. >> this was the american people of all stripes saying really, enough already. we were not indoctrinated, we were not brainward, ultimately. we've moved forward out of our fear. ♪ that's us, that's right ♪ gotta love this american ride ♪ stuart: the american ride. i like that. again, i've got to comment on the weather. sorry, sports fans. again, sunshine, 70 degrees in new york city in the middle of november. it's just wonderful. i think.
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11:00 eastern time. it's friday, november the 8th. check those markets. new high for the cow, 44,0016 -- 44,0016. i'm not trying to confuse you with, but big tech all down. no big losses but alphabet and nvidia down better than%. he can the 10-year treasury yield. that has been going down, back down to 44.28% as we speak, $4.28%. and now this. it's almost funny, almost. i'm talking about the reaction of the elites to trump's win. a professor at columbia university canceled class and tells grieving students to be good to yourselves and check in on your friends. this' pathetic. did they cancel classes when jews were being spat on? at harvard a professor will help students recover. they can take time off if needed. at princeton the, they're
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encouraging listening circles to process turn's -- trump's win. on tiktok the there are women cutting their hair and going on a sex strike. watch this. >> i'm talking to men -- stop talking to men. divorce your husbands, believe your [bleep] boyfriends. leave them. they don't give a [bleep] about you. i promise you, come over to this side. i will bake cookies, shave your head. >> i know you're looking for what do we co, how do we fight, i don't know [bleep]. this country is cone. stuart: aoc offers advice on how to live in fascist times. you can so see the so-called resistance movement. governor newsom will preserve a's liberal government. we know what's going on here. newsom is looking at 2028, so he's looking to be the founder
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of the trump resistance movement right now. get your stuff in early preparing for 20 the 8. i've enjoyed this week, especially the unhinged reaction of the badly-beaten left. as we head to the weekend, donald trump is the president-elect, the republicans have a. [roll call] ed majority in the senate and will almost certainly keep control of the house. one last thing, if i may, that caravan that was heading to the southern border is reportedly just falling apart. as soon as trump's win was declared, people started drifting away. trump's win is already having a positive result much to the hour are of the left. third hour of "or varney" starts now. ♪ ♪ stuart: california and this resistance movement, the attorney general is promising to fight trump. watch this. >> you can be sure that as
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california attorney general, if trump attacks your with rights, i'll be there. if trump comes after your freedoms, i'll be there. if trump jeopardizes your safety and your well-being, i'll be there. . california doj did it before, and we will do it again. stuart: he's back up to newsom, i think. our guy in california clearly wants to get into this, so let's bring in a very happy steve hilton. [laughter] what do you make of this resistance movement that's starting in california? >> well, it's so hilarious. as you say, stuart, what are they resisting? they are resisting the will of the people. after all their lectures on protecting our democracy. what are they trying to do now? they're actually trying to undermine an election. that's what's going op. when they talk about our democracy, we said it was not
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really about that at all, it's the about their power. and if that that we can see very clearly now. and what is sofas if nateing, they talk about listening circles. the ones they're not listening the are the voters. they're not listening to what they've heard. these people, these democrats here in california in particular, are obviously learning nothing from what happened this week, and you can see that in this ridiculous gimmick, this special session of the legislature that gavin newsom has call. because when you look at the list of things that he wants to safeguard from donald do trump, top of the list is their climate extremism. excuse me? the climate extremism is the main if driver of the rising costs whether that's the cost of gas, electricity, housing, cost on business, all the things that are driving working class voters of all kinds away from the democratic party towards the republican party. and and that's what they want to the safe guard. the whole thing is hilarious. stuart: let's show our viewers a
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map. this map shows donald trump flipped 10 of california's 58 counties from blue to red. and at the same time, san francisco fired their mayor, london breed, and elected a more moderate candidate. is this a real shift? at long last, is this a real shift away from ultra-liberalism? >> absolutely. the tide is turning many california. one way of thinking about it, stuart, is that california voted republican this week but didn't realize it, because it's the not just proposition 36 on crime. you also saw majority votes on a whole range of other issues for the republican position on taxes, on the minimum wage, on rent control. and it wasn't just london breed, the mayor of san francisco, who was kicked out. of course, george gascon was kicked out as district attorney here in los angeles, the pro-crime, soros-backed d.a.. and in alameda county which is oakland, the other side of the a pay from san francisco, actually a place that's collapsing even more into crime and chaos through these policies, the d.a.
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there was kicked out. she was recalled. the mayor of oakland was recalled. look at the congressional races in california. the democrats said this was their way back to taking control of the house majority. that didn't happen at all. all those seats were protected. we may even flip a couple of house seats, and we may gain ground in the state legislature as well. plus, if you look at the shift from democrat to republican, the shift on the presidential race,s it was bigger in california than almost anywhere else in the if country. this is a really, really big result and bodes well for the future of sanity here in california, and we can build on it for 2026. stuart: i'm laughing because i've said many times on the this program, and i've said it to you, i don't expect to see a republican elected in a statewide ballot in california in my lifetime. i'm beginning the rethink that. i'm just beginning to rethink that. >> absolutely. stuart: the the hope is in sight. steve steve hilton, you're all right. good luck. see you again soon. >> good to see you, stuart. stuart: going to get to the
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markets because the dow is up merely 300 points, a new record high. jonathan hoenig joins us, as he often does on a friday morning. what does a hedge fund manager do when the fed cuts interest rates as yesterday? >> ignore them? no joke, stuart. the fed has cut rates twice since september, and interest rates are up. the 30-year mortgage has gone from 6.1% to 6378%. -- 6.8%. the fed is often wrong, i think they're wrong this time, so i often watch price. not the central planners, but prices. interest rates are at the high higher end of the range. trump has certainly been bullish finish stocks, but there's a lot of concern about inflation, about the impact of tariffs, so i think there's volatility to come, and i actually think rates are going to head higher rather than lower. stuart: do you think the trump rally does the not have the legs which we hope it has? >> four years is a long time, stuart. a lot can happen, a lot will happen. i do think there's going to be some volatility, and for me, i'm
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focusing on what's working but what's up loved. things like value -- unlove. small cap stocks have started the break out, even international stocks. i'm also a little worried about the optimism. you've got 51 of americans, that's a record high, expecting higher stock prices. so i also think now's not a terrible time to have, perhaps, a little bit of cash on the sidelines. there's going to be plenty of volatility along the way. stuart: that's good for hedge fund managers, isn't it? you thrive on volatility. if the market goes like this, you don't do much, do you? don't make much money. >> well, that's -- you thrive the on bull market trends, and i think you've always got to be on the lookout for what's working, but what seems improbable, impossible. ensomething like bitcoin at new all-time highs. in 2013, '14 and '15, bitcoin seemed insane. that's what i'm always looking for, not just what's exotic, but also working and would surprise most people in terms of putting money to work.
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that's what being a contrarian really is. stuart: you work hard at it. jonathan, have a great weekend. >> be well, sir. stuart: sure thing. i want to know what's going on at tesla because it's gone straight up, and elon musk is worth another fortune. lauren: it was just at $319 a share, more than a 232-year high. volume -- 222-year high -- 322-year -- 2-year high. the reason simple,nalysts are saying that the ceo, elon musk, his backing of trump puts him in a position the influence and help his companies secure favorable government treatment. stuart: trump's working for tesla. lauren: yeah. he's got -- elon has the president's ear. stuart: he certainly does. it's official, nvidia is now a member of the dow 30 replacing intel. nvidia shares are doing -- lauren: they're lower, down over 1%. okay, a, they're up 10% this week, 2000% -- 200% this year.
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the dow 30 inclusion is more about prestige than having more funds track it as they would the s&p 500, for instance. so this just means it's a huge a.i. play, a huge chip maker, and it deserves to be -- stuart: i saw axon, they're up 16%. is that anything to do with trump, the election, police forces, that a kind of thing? lauren: well, earnings. stuart: that the too. lauren: they say sales will be 332% higher this year -- 32 higher this year than last year, but some of the brokerages upgrading the stock this morning, and they're expecting favorable treatment because of with more government spending in this area under a trump administration. stuart: thank you, lauren. coming up, congressman ritchie torres is rebuking his fellow democrats, especially those on the far left like aoc. watch this. >> i have a concern that the far left is a pressure in the party to take policy positions that are deeply unpopular among most americans. stuart: are some democrats
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finally doing self-is reflection, some soul searching, perhaps, about their policies? we'll dig into it. and that caravan that was heading to the to the southern border reportedly falling apart. as soon as trump's win was declared, people started drifting away. former acting i.c.e. director tom hohmann on that next. ♪
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. ♪ stuart: trump has promised to launch mass deportations starting on his first day back in the white house. give jenkins with us now. griff, how are democrats responding to that plan? >> reporter: good morning, stu. they're not happy about it.
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look, let's be clear, this is a bold campaign promise. one immigrant advocacy group saws detective cost more than $300 tobillion or requiring more i.c.e. agents, detention beds and immigration judges and face logistical challenges, particularly in democrat-run sanctuary jurisdictions where officials are saying they won't cooperate. >> if the trump administers -- administration requests it, would the massachusetts state police assist in mass deportations? >> no, absolutely9 not. but, you know, let me say this, i do think it's important that we all recognize that there's going to be a lot of pressure on states and state officials. and i can assure you, we're going to work really hard to deliver. >> reporter: meanwhile, you mentioned that caravan. there are thousands still marching through mexico. the leader yesterday telling me, stu, they hope to get across the border before trump takes office, but the trump campaign says they won't succeed. >> as president trump said, they
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begin on inauguration day, as soon as he takes the oath of office. and any care ran that's trying to concern concern caravan that's trying to get into the country now, they're going to be the apprehended and sent home when donald trump comes into office, so they're going to be wasting their time and energy. >> reporter: this as fox's voter analysis shows more than 4 in 10 americans support deporting those here illegally. and as far as the price tag is concerned, stu, well, president-elect trump tells nbc we simply have no choice. stu? stuart: griff jenkins, thanks very much. look who's here now, tom homan. he served as the acting i.c.e. director under the last trumped administration. tom, how does trump deal with sanctuary cities and states which refuse to cooperate with deportations? >> well,, or first of all, let me talk about that multibillion dollar number they're putting on this. it's a lot cheaper than the billions of dollars we're spending now on housing, medical care, feed and caring for
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millions of illegal aliens that this administration released into the united states, first of all. it'll be a cost savings overall. but how dewell -- we deal with sanctuary cities? president trump sued the sanctuary cities to take federal funding away from them. however, it didn't get cone in the first administration, so when the biden administration came in, president biden instructed the doj to drop that a lawsuit. we'll take it back with up, and we'll hold the sanctuary the cities accountable. stuart: it'll be difficult to deport the migrants unless you've got i.c.e. on your side and operating properly. you just heard governor healey there say massachusetts police won't assist in deportationings. can trump strong arm these people? >> well, look, if they're not going to help, hen get the hell out of the way. here's the difference. we're going to take the handcuffs off i.c.e. and let i.c.e. do what they do best, right? if let's remember, under the biden administration, there was
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a record number of remuscles. a lot of sanctuary is cities are working behind the scenes with i.c.e. right now because of the crime, because of the numerous young women that have been sexually assaulted and murdered. there are a lot of sanctuary cities working with i.c.e. as we speak. i talk to i.c.e. every day. they want to help because if they understand this is a criminal problem. let's make it clear, president trump has said and i've said a hundred time, this deportation operation, the priority's going to be public safety threats and national security threats. they will be the priorities. and no one should be pushing back against removing a public safety threat from the streets of this country and protecting our citizens. soar stuart we have reports that that -- stuart: we have reports that massive migrant caravan heading towards the u.s. reuters says it's shrunk to half its size because trump won. what do you make of that, tom? >> absolutely. i agree with steve miller, you know? why waste your time, energy and especially your money coming to the united states when you know you're going to go home? don't sell everything you own to
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give to the criminal cartels, because you're going to be deported. there's a wrong way and a right way. i can't believing anybody that -- you've got to do it the right way. entering the country illegally is a crime, and you'll be held accountable. and president trump already gave mexico a warning. you take action and shut dun this caravan, or there the will be are consequences. mexico has allowed nearly 12 million people to come to our border. 12 million people don't pass through mexico and come to the united states without the assistance of the defendant of mexico. that's going to end, or there will be consequences -- stuart: but, essentially, they've got until january the 20th before mr. trump becomes the president of the united states. so we're living with biden's border policy until then in which case they can come across, and they will. >> oh, they absolutely will. but the government of mexico needs to take action to stop it or president trump will give them consequences. he's already put them on notice. stuart: yep. would you go back, come out of retirement and be the next
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i.c.e. director? >> come out of retirement a second time? look, i told the president if he needs help with mass deportation or securing the border, i'm on standby. give me a call. [laughter] stuart: we've not you on tape. that the's ooh great. tom homan p great to have you as always, and we'll see you again soon. good luck, sir. >> thanks for having me or, varney. stuart: new york city just cut a major benefit for illegal migrants. whoa, cutting a benefit? what was that,s ash? ashley: those voucher credit cards. new york city's pilot program as you, we've talked about many times, distributed debit cards to my grant families staying in city-funded hotels, allowing them to buy their own food. it was very controversial. supporters, though, said look, it costs taxpayers half as much as the original boxed meal delivery service that my grant cans often didn't eat. however, since late march the city has provided prepaid debit
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cards totaling $3.22 million to 26 the 00 migrant families living in hotels so they can buy food and baby supplies. those cards, by the way, gave a family of four about $350 per week to go shopping. many critics argue that the debit cards are, quote, fundamentally unfair to the city's working poor who certainly do not receive similar benefits from the city. new york city mayor eric adams says the program will end within the next several months, but he did not give a specific reason for ending the program. i think you can see the writing on the wall. stuart: yeah, i think he could. ashley, thanks very much, indeed. again, check the price of gold for you. looks like it's down for the second week in a row. you're back to $2693. it had approached $2800 toan ounce. that's kind of a proxy for the trump win, but it backed off. 2693 right now. djt, it's been all over the place. right nowst the 8% higher now that trump says -- trump has, by
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the way, come out and said, look, i'm not selling djt. up it goes 8%, $30 a sharement as for tesla, up 6%, $316 a share, and "forbes" says elon musk's worth, net worth, is now $30000 -- 300.6 billion. coming up, joe rogan gave some add advice to donald trump after his decisive victory. watch this. >> he's got to not attack the left, not attack everybody. let 'em all talk their [bleep] but unite. stuart: we'll bring the full comments later in the show. and a warning, this is the hard the watch. a riot in amsterdam, israeli soccer fans injured in an ambush attack, anti-semitism back on the rise in europe. jon levine previously told us about a cab in berlin, two cabs in berlin that wouldn't take him to the jewish museum in that city.
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anti-semitism in europe with. jon levine is next. ♪ ♪ if if
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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: listen to this, a massive wildfire is spreading quickly in southern california.
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it's just a little north of los angeles, and it's burned 332 the square miles so far -- 32 concern destroying more than 130 structures, most of which were homes. as of now the fire is just 7% contained and 10,000 people are under evacuation orders. that's southern cal. look at the markets, please, we've still got a nice rally for the dow. 3000 points higher. lauren's looking at biontech? lauren: yeah, got an upgrade. goldman sachs says buy it with 27% upside. this is the company with pfizer that had had a covid shot, and now they're shifting away from covid to oncology. goldman says that's promising, specifically what they're doing with small lung cancer and triple negative breast cancer. stuart: molson coors. >> double upgrade, which is rare. wells fargo goes from sell to buy, $74 price target. they're saying, so what americans are drinking less beer. cost cutting is making this business more profitable, so they say it's time to buy.
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stuart: thank you, lauren. now this, two jewish students in chicago were attacked on their college campus after visibly showing support for israel. mike tobin is in chicago for us. have the attackers been arrested, and or who are they? >> reporter: the attackers have not been arrested. there's witness information that they are familiar to the demonstrations around the anti-israel demonstrations around chicago campuses. but the victims are a couple of young men, 2321 and 27 years oly took a position on the campus to host a discussion about israel and the controversy surrounding it. video that we have received from the chicago jewish alliance shows sudden nature of the attack. police say they were knocked and punched ott ground as the attackers made anti-semitic comments. the chicago jewish alliance says attacks like this are becoming more common. >> we as a society have frame thed jews and israelis as
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oppressors, and it has created a permission structure for violence against jews. and you are seeing it repeatedly both in chicago and across the country. >> reporter: now, the depaul university president put out a statement saying the university is actively working with the chicago police department to investigate this incident so they can determine whether to classify it as a hate crime that targeted our students because of their jewish identity. now chicago police call it a battery/hate crime. there are images of the attackers, men in their tos, one -- 20 thes. one about 5-8 to 5-11, one about 6 feet, but his face was covered. delaware pall university was -- depaul university with had anti-israel encampments in the spring and summer. stuart? stuart: mike tobin, thank you very much, indeed. israeli soccer fans in amsterdam were beaten and assaulted. what you're about to see is
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truly graphic. dutch police investigating the attack. authorities have condemned the attacks as antisemitucker hate crimes. jon levine with me now. that's brutal video. they're just attacking -- beating them on the ground. they're israeli soccer fans in the middle of amster cam. what the -- amsterdam. what's the hell's going on here? >> the simple fact is, stu, all of europe, most of europe has taken in a lot of i'll say new arrivals who are not your experience they don't have a connection to the culture there, they are not concern they're from cultures that didn't experience the western enlightenment, and they're very opposed to jewish people. and as europe begins to take more is and more of these peoplr reasons, labor, you know, population growth, whatever it may be. but it will change the culture of these societieser revocably, and you will see more of this more these new arrivals begin to take hold -- stuart: may i repeat the story which you told us? you were with your father in berlin recently, it was this
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year. you were at your hotel. you wanted to go to the jewish holocaust museum, correct? >> the jewish museum. stuart: and two cabs refused to take you there on separate occasions. just refused to go. >> pull up to the hotel, the concierge spoke to them and hay zoomed off. what happened? didn't want to go there. i will tell you, these cab drivers were not germans. we actually did find a third cab driver who was an old german guy, but the cab drivers in berlin are made up, again, of the population of new a arrival- stuart: it's awful, but this just remind me of the 1930s. that's what it reminds me of. >> well, and it's not the 1930s as it might be remembered in historical films and the history books because it's the not -- germans are incredible people. they've atoned and made amends and done great work on that issue. it's primarily coming from the new arrivals. we need to just be open about this. 57% of american muslims have said they believe that what a hamas if did on october 7th was
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justified. there was a poll conducted by small polling shortly after that massacre which found this. and that's a very, very difficult that statistic to to swallow. it hasn't really been studied or covered since then because pollsters don't want to go there. but you have to imagine in europe where you have a much mored radicalized population what that figure could be. so it's very frightening and, again, the more that this population is allowed to grow and self-radicalize and permeate the broader european culture, the more you're going to see this. sue institute there's a professor at columbia university who canceled classes because of the trump winch it -- win. it occurs to me that at columbia jews were spat on, didn't stop cancels. >> did they cancel classes after on the 7th? i don't remember. i don't think so. stuart: you know damn well they didn't. >> again. shows you the values, the priorities. everything in the world is racist, racist, sexist, sexist, whatever, but they have to be dragged kicking and screaming when it's a jewish person,
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always. stuart: thanks for your contribution to the show. thank you, sir. joe rogan offering advice to the president, to president-elect trump, i should say. what did he say or ashley? ashley: well, he's advising president-elect trump to focus on uniting the country and not attacking democrats. finish watch for yourself. >> you get rfk jr., you get tulsi gabbard, you get elon musk and you get j.d. vance. you get brilliant people who aren't ideologically captured. this is, like, one of the first times ever where there's a real chance to make real, tangible change that's going to be for the good of everybody. and he's got to unite people. he's got to not attack the left, not attack everybody. let 'em all talk their [bleep] but unite. now it's time to unite everybody. ashley: let elle all that talk their you know what. by the way, of course, to rogan endorsed trump on the eve of the election. he also accused the media of
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gaslighting when it came to trump, a accuse the former president of things rogan said just didn't happen during trump's first administration. of course, the rest is history. you know how the vote turned out. stu. stuart: thanks, ash. coming up, stephen a. smith calling out the legacy media for how they covered this election cycle. >> what was done was inexcusable because it was favoritism in the media, and it had no place in it for a presidential election. you gotta call balls and strikes. stuart: joe concha's boeing to cover this for us, and i'm going to ask him, will the media ever change? we'll be back. ♪ ♪
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vizsla silver has consolidated one of the largest high grade silver projects in the world in mexico. we've just released our pea and that's the first step to production. we're massively undervalued, with less than 9% of our known veins having been drilled so far.
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stuart: big tech's had a pretty good week but not a good day today. apple is up all of 5 cents at
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227, the rest of them are down. not much, but down. let's see the biggest winners on the dow. the dow up 260. salesforce, united health, procter & gamble, wal-mart, mcdonald's. next case, the hosts of "the view" got heated debating why harris lost the election. >> pocketbook issues matter more than if a woman in alabama is able to -- >> but they're going to do worse under a trump administration. >> and finally, we talk a lot about these different demographics and these assumptions of where they're going to go. latinos in texas, a district that's 97% latino went 75 percentage points for donald trump. why? >> misogyny, that a the's why. >> no, it's on on the border. the it's on their doorstep, and they were begging people to care about it for years -- >> -- sexism, that's what that was. [laughter] stuart: are you smiling, joe? you should be. this is joe concha, by the way, he's on the right-hand side of the screen. in-fighting on "the view," my
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goodness me. have at it, joe. >> oh, delicious is the only word that i can really apply to this, stu. if you asked me before the break will the media ever change, and as we just saw from sunny hostin for the most part it looks like, no, and i think it's only going to get worse. journalists believe their role are to be activists and an extension of the democratic party. and the ecosystem of our political media probably explains that. nationally, it's based in two cities, new york and washington. and as long as these so-called journalists stay in those bubbles and don't get out and talk to people in places like central pennsylvania, northern michigan, wen wisconsin, go visit a border town in texas or new mexico if or arizona, until they do things like that, actually do the work and actually try to talk to the people they're supposed to serve, viewers and readers or, they're never going to understand that voters don't see things simply through the prism of race or sexual orientation or gender. it's really that simple. get out of the bubble or it's going to be the same stuff over
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and over again. stuart: the here's another example. joseph concern espn most stephen the a. smith. he ripped into the media for how they handled the election coverage. watch this. >> i'm holding out hope that it can be resuscitated. what was done was inexcusable because it was favoritism in the media, and it had no place in it for a presidential election. you gotta the call balls and strikes, and that's not what people on both sides were doing, but especially the left over the last couple of days. stuart: you know what, joesome maybe the media has to change because the left media is losing it audience, left, right and center. >> oh, stu, i think in to 2025 the when we're in a non-election year and after the sugar high from this election goes away, you're going to see audience drops on other cable news networks, for example, or of probably anywhere around 60-70%. because when you just have echo chambers talking about racism
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and misogyny being the reason why donald trump won, well, gee, was it gem contact -- democratic voters rejected kamala harris in 2019, right? were they racist and also pushing misogyny if as well, democratic voters? and how exactly did hillary clinton win the popular vote by millions if there's all this misogyny in this country? so that's the bottom line, stu. you're going to see a reckoning in media because many people are going to really be angry that they were lied to for all these months about republicans and even about the kamala harris and joe biden campaigns as well, and they're just going to turn the it off. when they turn the it off, that's going to result in job losses, consolidation, you name it. we'll revisit this a year from now and you'll be, like, oh, that the did happen. you don't want to see it happen, but it will. stuart: see you next week. thank you very much. >> all right, stu. stuart: one year ago striking actors and studios reached a deal to end one of the longest strikes in hollywood's history. okay, got that.
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max gordon joins us from california. production still hasn't got back the anything like normal, has it? >> reporter: no if, stu. production is way down here in hollywood, and those especially behind the scenes are really struggling. we talked the one union leader who says that about 30% of his 1800 members are still without work. >> we had folks who were planning on buying a home and now they, with the conversation we're having instead of them buying a home, they're getting evicted from their apartment that they lived in. >> reporter: since the strike ended, production has slowed way down and shoots in hollywood have taken a dive. according to film l.a., shoots declined in the third quarter of this year by 5% compared to last year. that's especially bad especially considering quarter three was in the middle of the strike. the 5-year average down 36.4%. part of the reason has been increased competition. states like new mexico and
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georgia and countries like canada and the u.k. offer healthy incentives. in response, governor newsom proposed increasing the state's tax credit from $330 million a year to $750 million. >> this is about a investing in the future of this industry, future of this state, the values we hold dear, investing in our creativity, this great cultural export. >> reporter: production workers see the proposed incentives not just as a lifeline for hollywood, but as a final stand. now, it's unclear how long it would take to bring these productions back to hollywood, but this would be a really big move. new film incentive, if approved, would be the biggest in the united states aside from the state of georgia. stu? stuart: max, thank you very much, indeed. it's that time when we show you all 30 of the dow stocks. come back to that script again, show you a sense of the market. this is a contradiction, isn't it?
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the dow is down -- sorry, the dow is up. is it up? lauren: that 25 to to. stuart: concern 250. you see, that's not a contradiction. it's up 250, that's why the majority of dow 30 stocks are in the green. okay. don't go anywhere, folks. we are reading your friday feedback next. ♪ ♪
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♪ stuart: all right, it's that time when we're all on the spot, friday feedback. here we go, ashley, lauren. [laughter] first off mike. what was the biggest surprise that you would never have expected from the election? that is easy, the extent to which trump won. he raised his vote total in almost all demographics and every region of the country. i did not see that coming. how about you with, ashley? ashley: no. also his double-digit gains in new york and new jersey, deep blue states and the surge in latino support. surprise all around. stuart: yeah. lauren? lauren: i live in new jersey, and trump only lost by a 5 points, so i literally went county by county and town by
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town, and i was shocked. in the blue area that i live, our town went 50% trump, 50% harris and many surrounding towns went for trump the. i didn't see it coming. stuart: that was a surprise. this is from julio. how did you feel the first time you voted? has that changed over time and, if so, the what? let me start with this, i first voted in 2016, and that was first vote i'd ever cast anywhere in my life. when i lived in england, i was too young, and after that i was traveling around the world, and i wasn't a citizen in new york, in america until 2015. so 2016 was my first vote. extremely excited. how about you, lauren? lauren: i always tear up when i vote for some reason, and now i like to take my children because i tell them this is a privilege, we have this right to do this in this country. but then let's say we vote in a high school gymnasium, they start running around, and i have to reel them back in, and i'm utterly embarrassed. [laughter] stuart: ashley? ashley: i've been a disease for
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27 years. i love voting, i never mail in a ballot. i like to go and actually see the process in person and, again, as lauren said,s it is a privilege and i love it. stuart: i think americans like, those ofs us with a foreign accept, speaking well of america. americans like that because -- lauren: we do, thank you. stuart: you just don't hear it very up. lauren: i appreciate two of you with. [laughter] stuart: this is from mark. stuart, i really like the music during the station breaks. what song is on the temperature of your playlist? rolling rolling stone, start me up. ashley? lauren? lauren: right now, i haven't listeninged to a single song, all i've been listening to is the news for the past, like, eight days straight. stuart: what kind of answer is that? lauren: i know, it's a terrible one. stuart: awful. lauren: ashley? [laughter] ashley: i go through phases, i'm listening to a band called stereo emcees. it's a british hip-hop/electron
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ic band, so when i walk or to a little jog, it inspires me. stuart: you are so modern, ashley. that's extraordinary. this is from -- ashley: i wouldn't say that. stuart: charles payne has mentioned animal spirits in the market. listen to this, if you could be an animal, what would you be? you're first, arcly. you lucky -- ashley, you lucky guy. ashley: oh, thank you. the first thing i go to is a lion. king of the jungle, fearless, loves its steaks really rare. [laughter] yeah, i think a lion. stuart: lauren? lauren: i want to be big and majestic yet peaceful. stuart: well, you're majestic and peaceful. i don't know about big. i want to be an endangered species. i don't know which particular endangered species, but i'd to like a little protection from the if government. ashley: democrat. [laughter] stuart: this is from sam. if you could give your younger
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self one piece of adds vice, what would it be? -- advice? if sort of advice i give to everybody, don't spend all your paycheck, save something all the a time and never, ever touch your capital. how about you, ash? ashley: don't listen to the nay i sayer withs. when i paris got in this business, i was right off the boat from england and a lot of people said you're never going to do anything in this country in broadcasting, no one's going to want to hear that accent. i've worked all over country and have been treated beautifully. so there. don't listen to the naysayers. stuart: me too. lauren? lauren: sleep when you're dead. a lot of people, i need 8 hours of sleep. i need a nap. no, go out and do stuff, experience life. stuart: wait until you get my age, then you need your sleep. lauren: i kind of need it now. stuart: later -- little naps all the time. this is from lloyd. stuart, i notice you wear that blue suit jacket often. is there something --
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lauren: wait, this one? stuart: it fits, you see. [laughter] i can actually button this one. lauren: moving some of your buttons. stuart: leave me alone, everybody. thanks, everyone, for sending in all your feedback. it was really cool stuff, and here is the friday trivia question. which president the does the term -- which president does the term o.k. come from. what? martin van buren, theodore roosevelt, james buchanan or john tyler. good lord. well, there's a new one for us. you learn something every day on this program. isn't -- do ain't that a fact? the answer after this. ..
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and see if a reverse mortgage could work for you. call finance of america and get your free, info kit. call this number. stuart: i'm not sure i understand, which president does the term okay come from? martin van buren, theodore roosevelt, james buchanan, john tyler. you first. neil: number 2, roosevelt. stuart: you think it is that modern expression? what do you say? lauren: one or two answers this week, i will change it to buchanan. stuart: i am going with buchanan. the answer is martin van buren. time is gone. it was up? it is yours, sor

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