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tv   Varney Company  FOX Business  November 11, 2024 10:00am-11:00am EST

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stuart: i don't like it florida looking at six avenue. hardly anybody there how about the, good morning, everyone it is 10:00 o'clock eastern get straight to the money we have a rally again, the dow is up 491 points at this stage and the nasdaq turns out, 44 points we have for dow hitting all-time highs there unitedhealth, salesforce, goldman sachs, visa that's helping the dow almost up 500 points as we speak the price of oil below $70 a barrel and falling down to $60 a barrel, bitcoin very strong rally your backup to 82587 i believe an all-time high. that is the market spectacular rally, now this. >> there will be marches in angry demonstrations and tearful outburst, the so-called resistance to donald trump is getting itself together, they
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could have a tough time despite the warnings about donald trump at the dictator and the enemy of democracy voters want interest and voters will every swing state he received. have million more votes than, here's, the country is not likely to look kindly on distraught democrats trying to destroy trump second presidency especially with the resistance and a commentator suggest biden resigned now and vice president harris would move into the oval office to become the first female president. the fact that she lost is irrelevant to jamal simmons, has he no idea what people would think about that trigger he, what particularly annoys the left is the defeat of abortion proposal most notably importer in the transit issue in sports trump put out a damaging ad were a narrator said harris is for day them, trump is for you.
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and they could not resistance but they lost the issues, 85% of voters think it is unfair for biological males to compete with girls in sports. the one area where resistance will be taken seriously is in the media when trump beat hillary clinton in 2016 it was a media that whipped up impeachment in the russia hoax but now trust in the media is at a new low, why believe people you don't trust. one last thing and has emerged that oprah winfrey production company was paid a million dollars by the harris campaign to stage the star-studded town hall and they spent six figures to call her daddy podcast that's an awful lot like paying for political support. hard to build resistance around that. second hour of "varney" just getting started. brian brenberg to my left but not politically, joining us this
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morning. you think the resistance to donald trump this time around will be anything like last time around. >> that implies it was effective last time around and the president once again. >> the media destroyed his presidency or try to. you get a lot done. and happy with in the economy. it's a guy who doesn't wait around for the media to attack him, he doesn't wait around for his political opponents attack, he's on the offense are now in going after the issues he said he would go after and let's see how far empathic ago, everybody wanted major changes that change in the margin, he's giving a major change. president-elect trump his cabinet has taken shape. he tapped tom homan to be the borders are in congresswoman elise stefanik will take on the
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role, she's been asked to take on the role of u.s. ambassador to the united nations. what is trump's new cabinet picks about his administration. >> is putting his a-team on the field right away, tom homan is not in this role to collect a paycheck and get accolades, he is there to get things done and what is defended he was very effective smart people were willing to speak their mind i think tom homan is the next guy in elise stefanik. by the way on wednesday president-elect trump is going to meet with bidart at the white house i expected to be, if i am trump, thank you very much. mr. president, short meeting. but what is biden have to tell trump he's had this job before,
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he does not agree with anything biden has done so is not looking for advice. there is no warm feelings there, thank you very much but we have work to do, we will see you later mr. president, i think that's what is going to be and should be this is not the time for looking backward is the time for running forward. >> trump will take the high road. >> i hope he does nothing else that capacity is irrelevant. lauren do we know what role rfk junior is going to play. >> cbs news is saying the rfk junior is on the short list to serve as the next head of health and human services. dhs oversees nih medicare, the fda, you name it they would require senate confirmation, rfk junior has no medical experience and it might not matter. he has trump's year and i think you can make the argument that he is a mandate from the election that many americans want to make america healthy again. and he has said he wants to take
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the corruption out of federal agencies and the entire department at the fda moscow. stuart: think of the politics. a kennedy and the trump administration. a democrat family and the trump administration. >> that's what makes it so fun, this is so fun to watch this unfold all the realignments have changed. >> note the smiles all the way around the table let's get back to the market, more smiling, this is justified. jeff sica is with us a 460-point gain for the dow industrial average. i want to talk to you about your industry, you are in the real estate industry big time, what will trump do for your industry. >> first thing i am smiling to which is rare but what i feel like is we have had for years and this dystopian wasteland which is become commercial real estate, things have been as bad i been doing this for 30 years
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things have been as bad as they've ever been, now we have president trump coming in who is the developer knows real estate better than just about anyone. to me i would equate this as tom brady becoming in his prime the quarterback of your youth football team, this is a great thing for real estate because there are so many policies that need to be unwound. one of them being regulation which trump himself has said is the bulk of the reason why housing costs are so high. stuart: there is a limit into what the president could do as roco under local regulation with real estate pre-he could not weigh in and say that regulation is wrong, he cannot say that. >> he can lobby the states because also he is unwinding the green new deal and he's going to do for the money into infrastructure projects, that helps local communities and trump is a master negotiator, he
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will find a way to make it accretive to the towns that need more housing, what he can create is a situation where you not only have appreciation and real estate evaluations but you also have a more affordable outcome from his policy. in your opinion as an investor is now the time to sell gold because you made some money and by bitcoin which is going straight up. >> i been talking about bitcoin on the show since 2019 i bidden favorable, now i think it's getting a little above itself but what's happening with gold gold is viewing i love gold i gives you a view of the world and how people view the chaos, the gold prices pulling back and it means that people feel more secure. i think gold is going to pull back, that being said i think there is a lot of chaos in this
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world and owning gold is a very, very good way to hedge against some of the chaos. >> good to see you smiling again, it's been a while i hope it lasts a long, long time. good to see you again we will see you soon. lori is looking at the movers, you have to start with novavax. >> upon present fda lifted the hold on their combo covid and flu shot, there has been a safety concern and whether the patient's experience nerve cell damage but that's been unrelated to the vaccine. >> i want to know how would people want the kickboxing covid and flu shot how many people go out and get it. >> older americans. >> with pre-existing conditions. i don't know anybody. >> we go to the doctor's office all the time and i get the flu shot and the doctor is like today wanted covid shot and i'm like literally been asked i think all the parents are saying
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no. >> this is an interesting company the electric air taxes. the stock is up 6% the first right outside of the united states happened in japan toyota is a backer to the company what would've been a two hour drive by car on the roads was 25 minutes in the electric air taxi. not bad. it winds signed a deal with stadium. >> sophia stadium one of the largest in the nfl home of the rams and the chargers the second level club called the east owners club will be named. >> you put your name on the stadium of the stock was up 3.7% that seems unbalanced, that is me thank you very much, still ahead democrat finger-pointing after losing the election i finger-pointing continues. >> the president endorsed kamala harris immediately and that really made it almost impossible to have a primary at that time. issue blaming biden we will
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discuss later, "saturday night live" marked their own anti-trump stands. >> at s&l we would like to see the donald trump we have been with you all along. we have never wavered in our support of you. that is funny it did not end there we have the full tape, benjamin netanyahu says he spoke with trump three times since the election and aci to eye on the iran threat, we will ask morgan ortagus on that. she is next. ♪ [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice.
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let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ stuart: on the market the valley continues, not for the nasdaq a big tech particularly every
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single one of them. very solidly in the green as well. bitcoin has hit another record, you are at $83071. just like that i'm not going to predict the in three people in iranian plot to assassinate donald trump. , tell us about this it's a forwarded plot, tell me more it's for welded, whatever you what i tell it to in custody on american soil, the fbi is looking for a 51-year-old that is in iran. and he worked with iran's revolutionary guard on an active plan to kill president-elect donald trump he demanded large
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financial sums and return as stated in the criminal complaint, he indicated to an irgc official this would cost a huge amount of money and in response the official said we already have spent a lot of money so the money is not at issue, the complaint alleges he spoke to fbi officials of the telephone for an interview. they have been telling fox news over a year that the president-elect has been the target of a study threat stream on his life since he ordered the killing of this man on your television screen. iranian national guard qasemttel see this as a chance for revenge law enforcement also tell fox iranian-american was also the target of the foil plot, the d.o.j. says it they were to two men based in new york to survey all stock inverter, he or she is on friday. >> i do not want to die i want
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to fight against tyranny and fight against his regime and i want to be alive to see the end of this regime. >> the two suspects who authorities say he hired to kill him are in custody in a new york jail. they are looking for mr. security the third time that is actively been targeted on american soil. back to you thank you so much. we are now learning before is really soccer fans were attacked in amsterdam on messaging apps that were calls to hunt down jewish people. morgan ortagus joins me. what is causing the surgeon anti-semitic behavior, it's all around the world it seems that some muslim communities are turning on jews is that what's going on? >> is certainly what happened in amsterdam is incredibly scary and a failure of leadership here in the united states and around the world to stand up for the jewish people, they have been too afraid to say anything
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they've not been nearly as defensive as they should be about israel and it's just been about anti-semitism has been allowed to flourish here in the united states and europe. in world war ii, amsterdam 75% of the jewish population. here in the united states biden inheres under the past four years you have seen waves of anti-semitism not just on college campuses but around the country like with not seen since world war ii, that is why i think when you look at the crucial swing states and you look at nevada and even new york, pennsylvania, florida, the jewish populations in those states voted for donald trump in the 43, 42, 45%, he got record numbers voted with the jewish people in those states it is because the jewish people around the world do not feel like their leaders are standing up for t them. i think i know things will change under the trump advance. stuart: your foreign policy expert, there are reports that
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trump has called putin in said layoff the escalation of the war in ukraine. the kremlin denied that, in your opinion what is trump going to do about the work? >> the trump transition is saying that that called in a happen, i believe them but here's an important way to look at it. in january whenever trump was inaugurated to be the 47th president of the united states, the war in europe between russia and ukraine will have gone on for three years. i think anybody watching this did not anticipate it would happen this long, the failure to deter food in the first place was a catastrophic failure for the ukrainian people and for europe as well. it is time to wind down and end the war but this is what i've always argued you have to be able to do it from a position of strength and i happen to think of donald trump can do that, putin did not respect biden and harris kamala harris met with putin one-on-one and three days later he invaded ukraine. i think he respects trump
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advance more and that's where they can negotiate from a position of strength. >> israel prime minister benjamin netanyahu spoke with trump three times since the election. benjamin netanyahu says aci to eye on the iranian threat. do you think they agreed that iran was never get above them. >> it was president trump's position in his first administration. he's been tough on iran on the campaign trail. again this is what are the situations. president trump campaigned in michigan i was there with her canal we talked about wanting to have peace in the middle east and not having new wars, whether were talking about russia and ukraine, israel and iran or china and taiwan, the key position in all of this you have to be able to deter and you could only deter whenever these foreign leaders respect our president and respective vice president. when it comes to iran they have wrecked havoc in the middle east, they shoot ballistic missiles, i talked about on your show many times the u.s. navy ships and they send drones to a
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diplomatic and military facilities around the middle east, this has to stop and i believe it's going to stop under trump. stuart: would you consider going back to the trump state department? nobody has asked me but i'm always willing to serve if donald trump asked me to sweep the floors i will do it. that's it endorsement if i ever heard one. morgan ortagus thank you for being with us we hope to see you again. another big trump move we heard it today he is pulling america out of the paris climate accord that is a huge move. >> such a good move i hope it's over submitting moves to pull out of the green deals in the constrained business in the constrained innovation that made people's lives more costly they don't get anything done about letting global elites virtue signal. amen to that, were they please. america should be the leader in all of these things because we are clean energy and innovator and a great economy, let's lead and not bind yourselves to the bureaucrats in europe.
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got it, thank you. tom homan confirms he is returning to the trump administration. >> every morning and pissed often this a administration that did for the secure board and the lifetime. i want to go back and do what i can to fix it. the retired border patrol and retired military that want to come in and volunteer to help this president secure the border. you always know what that man is saying and you nobody saying at the next hour when he joins me on the show. in employee for fema fired for telling workers to avoid homes with trump flags the house oversight committee chair james coleman wants answers from fema's director. james comer is next.
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tesla has moved up 7.5% today, that means elon musk is worth $318 billion he has gained $14 billion in the last single hour of trading. >> you want him to get to 333 billion so you can say he is worth a third of a trillion dollars. he has to be three, three, three. >> a third of a trillion dol dollars. you look into the other ones, and interested in supermicro. that is the question down 10% now it is down 25% november a few days in. first they delayed their 10k and now they have until saturday to submit a plan to the nasdaq where they trade to begin compliance. we have a problem, bristo bristol-myers. >> they have an fda approved
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drug to treat schizophrenia and it's getting a nice boost today because their rival has a similar drug and it failed to phase two trials one goes up to present one goes down 12%, salesforce the biggest gain or up nearly 5%, jeffries came out and raise their price target to $400, i know you're saying 338 right now but bloomberg is reporting that salesforce will we hire 1000 workers to boost their a.i. product sales, this is a lot of manpower to boost the computing power, the a.i. of the customer relations data. thank you, trump's tough on china trade policy just beginning to take shape, edward lawrence at the white house, what is trump proposing. >> the president-elect is starting to work with congress on some of these things, the president wants to force china into a free-trade agreement with the united states and level the trade playing field with the u.s. and the former
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president-elect says he wants to impose up to 60% tariffs on china in the combination to that the house ways and means chair jason smith and china select committee chair john mueller i have been working on an effort on the permanent normal trade related status which allows for trade with the u.s. this would force china to making the trade deal with the u.s. some of the moves here they need 60 votes in the senate. >> you can opt to sit down with people and explain to them the workers in their state are better off if we hold china accountable. china is doing everything that they can to harm our way of life near to get everybody together, the trump mandate is good help wake people up and president-elect wants to add tariffs on 10% and a most all goods. minneapolis federal reserve president neil kashkari says consumers will not see a long term impact to that unless
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listen. >> that's pretty easy to model and the challenge becomes if there's a tit-for-tat in one country imposing tariffs and responses and it's escalating that's were becomes more concerning and a lot more uncertain. >> the chinese are really pushing back saying the u.s. would do better with cooperation and would lose with confrontation. back to you, joining us now the house oversight committee chair congressman james comer, congressman do you support 60 - 1 100% tariffs on chinese products coming into america? >> i certainly want to change are soft on china policy that the biden harris a administration has abided by over the past four years i think we need a separate agreement with china so i'm anxious to hear what president trump's proposal is. i know what congress wants to do with respect to a trade agreement with china that would
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balance and level the playing field for american workers and we certainly need to bring critical manufacturing back to the united states, anything that has to do with our national security, food production, pharmaceutical production, anything with respect to semiconductors, these need to be made in the united states, not china. china is proven to be an adversary. i support whatever is necessary to bring the critical manufacturing areas back to the united states. watch out tariffs don't raise the price of goods to consumers. that would not go down well. your colleague jim jordan and says he's not taking anything off the table to investigating special counsel jack smith. if smith testifies in jordan wants him to testify what would you ask him what do you want to know? >> i have a lot of questions for jack smith. why he was appointed to do and where the investigation ended up is totally different and totally
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off track and it was on a witch hunt to go after donald trump. in the objectives and he was telling him where to go, was he doing this unilaterally or was he being told by george soros or some outside force that we've already seen imported millions of dollars and we have a lot of questions for jack smith i said that fairfax and hopefully jack smith will be the last one we ever have fired after instructing hurricane relief workers to avoid homes with trump flags. you want fema director to testify what would you ask a
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question expect we want to know if this is an isolated incident or if this is the culture within fema we have seen within other agencies under the biden administration particularly the irs or the department of justice where they have had numerous employees that have targeted conservatives is this a way fema operates two. we have necessary government agencies that are put in place to protect the american people, the fbi, the department of justice the irs, fema and what we've seen time after time over the past four years with the weaponization of agencies against conservatives. these are what we want as a fema director in the oversight committee in a few days. let's see if that happens, always a pleasure thank you very much for being with us. and if you avoid trump flags on homes that are in need of help, that is outrageous. >> you're not doing your job and
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never to it can't just be the one person on the ground who held accountable for this into congressman's point, what's happening in fema and the agencies whose staffing these and is this a culture and i love the trump somebody is not afraid to fire 70 and we don't like trump and what he proposed for the second term. >> it would be a huge trust building before the trip a administration to go to everyone at the agencies and essentially make everyone apply for the job again, are you willing to be an actual fema worker or a par partisan. >> i think that is elon musk. >> may be a few of my loser jobs will save a little money. coming up democrat congressman ro khanna says the party needs to focus more on the economy. >> we did not have a compelling enough economic vision the democrat party should have one
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simple mission and that is to address the economic hardships and struggles of many americans. >> the democrats have never moved away from tax and spend, steve forbes is all over that one, the taser and body cam saw a surge in the stock price after trump's when, how is trump good for the company, axon president josh eisner is p-uppercase-letter is a good friend of dave portnoy. ♪
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investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. stuart: it just to $84000 a coin
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that is bitcoin all-time record high. we have goldman sachs unitedhealth and salesforce, their all three dow stocks and they are giving 270 points on the dow industrial winter of 416 as we speak that is a rally. take a look at axon they used to be just the taser people they've expanded a lot since then the stock hit an all-time high after trump's victory and it is up to present today at $618 a share. josh eisner is the president of axon. why is trump good for your company? >> thank you for having me, it's good to see you again in first i want to say thank you to all of our veterans and i wish everybody a happy veterans day. ultimately at axon were apolitical we try not to get into politics and we've had success under both a administration whether republican or democrat i think it's fair to say and they align
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with the places we can help and refunded and we believe we can be part of the solution were ready to get to work. and something special you brought the drone company, dead round and you want to turn the drones enter first responders, what exactly is a first responder if it's a drone. >> it is a software that allows drones to fly without humans watching them and watching the drone flight to comply with faa regulation and and before the drum gets there to give the officer in the dispatcher situational awareness and sadly
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one of the tragic things that happened in policing right now and they show up in there getting killed. this type of situational awareness will lead to safer outcomes for police officers and the police know what they're walking into and better decision-making as well. today dave portnoy is he one of your advisors, if he is will you tell us what he's advising you to do. he's been a great partner in support of axon and i admire with conviction of loyalty. in every seen his new strong set of, this week there taken internet by supporting. what you know it there's something special about dave portnoy, as you can tell. it was a great pleasure having you on the show, congratulations on the success of your company and the stock, great to have you with us. nice to see you.
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nancy pelosi criticized biden, what did she say? >> pelosi told the new york times once biden dropped out of the race for an open primary that didn't happen. take a listen. >> of there being open primary. >> we thought there would be. it was the anticipation if the president were to step aside there would be an open primary. as i say and i think she would've done well in stronger going forward and because the president endorsed kamala harris immediately and that the most impossible to have a primary appetite.
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in democrat are divided what went wrong this election cycle and if biden got out sooner than me been other candidates in the race. and what about "saturday night live" making fun of their own anti-trump stance in the past? >> yes, snl wasted no time making fun of trump saying tongue-in-cheek that they were backing them all along, see for yourself. >> we as and i would like to say to donald trump we have been with you all along, we have never wavered in her support of you even when others doubted you but from now on were going to do very flattering portrayal of trump because he is frankly my hero. he is going to make it incredible president and
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eventually king. >> very bof of donald trump, he has a voice down perfectly. the show also did his best to boost harris let's not forget that given her guest spot on the final show before the election. again we know how that worked out. i want to get back to bitcoin $84000 according moments ago it's backed up to 83.9 are you shocked as everybody else, i'm shocked to 83.9. i'm not a bitcoin guy i didn't foresee this coming but trump is been clear he wants to see a lot more innovation to the space and he wants to take the regulatory shackles off of it. there are so many different areas that this can go between bitcoin, block chain, other currencies, this is really about innovation. so much of the term presidency there could be a lot of new things happening with your government controls on it that's good news.
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>> you want to in the usa he wants to mind bitcoin to the usa. what you need to mind bitcoin power he is pro-energy as a climate summit begins today president-elect is preparing an executive order that will take america out of the paris climate court. that is a virtual kiss of death for the global climate guys, that is my take top of the hour. what will trump's foreign-policy look like retired navy seal gives his idea next. ♪
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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. welcome to the place... where people go to learn about their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! now's the time to plan ahead. learn about an aarp medicare supplement insurance plan from unitedhealthcare. here's why... medicare alone doesn't pay for everything. a medicare supplement plan helps pay some of what medicare doesn't. and that could mean fewer surprise out-of-pocket costs for you. call unitedhealthcare... and ask for your free decision guide. or talk with a licensed insurance agent or producer
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about plan benefits, options, and rates. this type of plan lets you choose any doctor, any specialist, anywhere in the us who accepts medicare patients. so call unitedhealthcare for your free decision guide... and get help protecting yourself from those out-of-pocket costs medicare doesn't pay. oh, and happy birthday... or retirement... in advance. >> bitcoin hit $83000 according that's where it is the bitcoin plays, the crypto plays are all significant gainers look at coinbase of 70%, maritime digital 20%, those are significant gains on the back of bitcoin's rally to $84000 a c coin. donald trump plans to change biden's foreign policy, retired navy seal jaco willy joined me
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now. you look like a warrior i've got to say, what is america's new foreign policy, define it. >> i think one thing that trump seems to realize is that economic force is more powerful than military force it is a preferred force, that's why he likes to use things like tariffs and sanctions and he likes energy independence as a weapon as leverage, energy independence is the source of power not just the power our cars but to power the united states globally. stuart: it is veterans day, what is your message? >> i think the veterans, thank you to the veterans after it take over the past few years news been a narrative that veterans are broken in some way and they are in they deal with some issues psychological issues but veterans are strong i work with veterans all the time, then
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construction companies and finance companies and the author getting after making america great. >> all too often, the image of the veteran is a negative image, problems or problems or, could that be reversed? i think it's been reversed. i work with people all the time and ceos with companies of veterans and the founder of fedex did two tours in vietnam, sam walton the founder of walmart served in world war ii and its son john walden was in vietnam. phil knight founder of nike was an army officer, there is all kinds of veterans that have been successful in the past and they continue to be successful today. stuart: we did not know that, thank you for pointing out. you are a good man, you are alright, thank you so much indeed, we respect your service. we really do, for veterans day foxes partnering with u.s. vets
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to make camo our cause and prevent and put an end to veteran homelessness in america and learn more scan the qr code on your screen or visit go.fox/u.s. vets. special thanks, make sure to watch on the big money show of 1:00 p.m. eastern at fox business. check the big board we have a very solid gain, 400 points to the upside, let's take a look at the dow winners, the top of the list put on the screen, salesforce of course, goldman, american express, unitedhealth, j.p. morgan chase, s&p 500 and chance to check out your stocks, bristol-myers, tesla is up 8.6%, cigna, salesforce, way up, the nasdaq winners topping the list, tesla 8.73%, sirius xm trade
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desk, monster, beverage to complete the list. still ahead steve forbes reacts to withdraw from the paris climate court, that is a bombshell, kt mcfarland another parallel between iran releasing hostages of reagan's 1991 and grecian and what's happening with trump and hamas, tom homan on his return to the trump administration this time as the borders are, jason rantz on a college dei chancellor anti-trump e-mail to students and staff let's call it extreme the 11:00 o'clock hour is next. ♪
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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. >> she lost the election decisively. >> money is still pretty ease yay out there and speaks to rising fed and cutting interest rates and pretty much have hot cots and conditions. >> this unleashes the opportunity for real american-led, america first foreign policy that's tethered to the therm state and it's what the biden administration i

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