Skip to main content

tv   Varney Company  FOX Business  November 14, 2024 11:00am-12:00pm EST

11:00 am
meet the traveling trio. the thrill seeker. the soul searcher. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire >> john thune is someone who's much more open to the kind of
11:01 am
input from the body, the critiques that you see emerge naturally from the 123459. >> it's -- from the senate. >> it's getting a little the too froth if think in here, so maybe we pull back. >> this is going to hit 1000k -- 100k pretty quickly, and i don't see a reason why it stops there. >> trump and his team is talking about removing criminals in communities, so you're protecting those communities. >> briton toes are now $34,000 per year worse off than americans. the same is true in france and germany. president trump doing a trade deal with company like the the u.k. could stimulate our economy. ♪ jump in and feel my if touch. ♪ jump -- stuart: oh, the pointer or sisters. ohing, i like this one. that's my generation. lauren: the '80s. stuart: is it? no, i'm a '600s kind of guy. again, look at that, a lovely
11:02 am
day in new york city. it's very cold but the sun is out out. it is 11:00. that's eastern time, the of course, ands it is thursday, november the 14th. check that market. a little bit of red ink across the board but not much. show me big tech, please. some winners, some losers. i'll show you in a minute if i can get it up there. i don't know. is it gonna come? yes, there it is. inhave ya is the top of -- nvidia is at the top of the list. microsoft, 425. amazon, alphabet both slightly lore. the yield on the 10-year treasury, it is coming down, 4.432. now this -- 4.42. anyone following donald trump for the last couple of months may have noticed the constant end presence of elon musk. he's everywhere. the world's richest man and the world's most powerful man are constant companions. how long will it last? both men enjoy the limelight. neither wants to be
11:03 am
overshadowed. let there be no doubt that musk is the most important person in trump's orbit. how long will it last? he was on the campaign trail famously dancing around the stage to show his support. he contributed well over $100million to the to the re-election effort. he's been a guest at a mar a rah lag go, dining with the president-elect and melania. he sits in on meetings and joins conversations with world leaders. he offers advice on picking cabinet mens. he appeared with or -- members. he appeared at meeting with house republicans. he got a stand thing ovation there. and with vivek ramaswamy, he's going to run the department of government efficiency, arguably, the most important element in the maga movement. he's worth about $300 billion, rubs wildly successful companies and lives in a texas pound with hid 11 children and 2 of their mothers. this man is large orer than life. so is trump. and you have to wonder how long they can stay the close. trump has created a unified administration. all his cabinet picks are
11:04 am
fiercely loyal. everyone has to remain faithful to maga policies, no exceptions. these are two bold businessmen with success-minded aagendas. i'm sure this will be some good debates, even heated moments between them. it's going to be fascinating to watch it. third hour of "varney" starts now. ♪ stuart: look who's here, deroy murdock joins us on the set in new york. s i can only imagine what the media's going to do to try to split these who to apart. they don't want them together, do they. >> no, that's a lot of force together. this this is a lot more than they'd like to see in the same direction. but i think trump and musk have sort of a father-son vibe, they seem to have a wonderful personal relationship not just a personal -- professional relationship. this is a business program, so i wonder the business angle here,
11:05 am
how long will the investors in musk's companies tolerate him spending all this time on public service and not running tesla and spacex and all of that. will they start to get itchy and say go back to the work -- stuart: unless the work inside the government helps his companies. >> that's right. and going in and rooting out all this waves, abuse and fraud and what not leads the economy to take off and benefits the entire economy in which case, please, enjoy your extracurriculars. stuart: it's fascinating to watch as it fold if out there. i want to talk about the harris campaign. they spent just over a billion dollars in three months. only three months, they spent a billion dollars. one million went to oprah's production company, $4 million spent on private jets, measure $100 million went to consultants. that's not a good example as to how the to spend money, is it? >> no. and on an annualized basis, that's $4 billion. keep that in mind. i don't think it would be a problem fit worked, you know if
11:06 am
she'd won, let's say, three swing states. an okay effort. she got wiped out. the democrats got clocked having lost the white house, the senate, last might lost the house of representatives, all seven swing states, big increases for trump and republicans among black, hispanic, voters 18-29. so all this money went to absolutely nothing. stuart: and they're still $20 million in debt. >> yes. stuart: who paysesome. >> that's a good question. after all this, i'm sure they're going to try to raise more money, who's going to --? >> why not trump or musk? that would be a wonderful gesture. >> it would. write a check for $20 million in the name of national unity. stuart: it's incredible stuff. i'm still reeling from the election which is only nine days away. >> look how much change we've seen domestically and overseas with people coming and bringing peace offeringses. can we just have a negotiated deal, and maybe we don't need to fight overseas. stuart: it's made an enormous
11:07 am
difference. >> and he's not even in office yet. [laughter] stuart: deroy, always a pleasure for the best dressed man in television the appear on this set. >> thank you, stuart. stuart: back to the markets, please. let's see what's going on. not much, is the answer. at least not at this stage. the dow's down 41. lou basenese with me for the hour, sitting next to me here in new york. trump's tax cuts and regulatory cuts, they're probably going to happen. that's surely good for the market. >> absolutely, it's a big win for the markets. it's finally time to give him credit, and i can speak from personal experience here. we just brought a company public, it took 10 months to get through regulatory red tape. we have anticipating the a change in that bureaucratic environment at finra, the sec so we can bring the pipeline of deals that we have public and power economic growth. and that's -- we're not an exception to the norm, that is, i would say, what exists out there, there's a slingshot of economic growth that's about to be unleashed because now we have certainty and a clear path and less regulation to get all those
11:08 am
things public. lauren: lou, what you just said is important because we're seeing from elon musk and vivek and even rfk jr., they're crowd sourcing this idea of what do you think needs to be fixed. tell me your spoir the about how long it took you to go to mark, and they'll try the to fix it. >> yeah. we faced -- lauren: they're listening. >> -- unbelievable regulatory problems, and it wasn't anything we didn't do, it was just no one had any sense of you are generality city -- urgency to get things moving. hey lauren pulse if on the people. stuart: musk would in the allow that. he would step right many in and publicize what's going if on. we got the latest read on inflation. no effect on the market. market's not responding. >> i'm surprised because cpi was up a little bit as well, ppi's up little -- a little bit, but why would jay powell waste a bullet? especially if i'm right that there's an economic surge coming
11:09 am
now that companies know that they can spend and grow? that's inflationary. we should hold off. mine, keep that bullet in the chamber until 2025 the when you see what happens. if you cut sooner and inflation starts picking back up because of all this economic growth, i think the fed finds itself in a more difficult position than if they just sit put. stuart: let's get ahead of this story. nvidia reports next week. all kinds of investment companies are raising their target price a week in advance of the numbers. >> yeah. stuart how about you? >> they're raising their target price but lowering expectations for this quarter. is so they're trying to bake in a slightly disappointing quarter. if the quarter's even worse, the stock's going to the take a dip. that may prompt even me, a longtime guy on the sidelines for nvidia finish. stuart: really, at long last? >> at long last. that might if signal to all the bulls the party's over because i'm getting in. stuart: you're not an adverse indicator. >> i hope not.
11:10 am
stuart: all right, lou, hold on, we've got you for the hour. what's going on with wynn? one of the movers of the day. lauren: what is it up, 8, 9 right now? 7%. the billionaire investor disclosed a nearly 10 passive stake -- 10% passive stake. he could push for changes. stuart: dillards, department store. lauren i call them the macy's of the south. sales fell by 4%, but their ceo with says we're right the ship. it's working and they pointed out that cosmetics were their strongest category. affordable luxury, stock's up 11 president %. stuart: bisa homes. lauren: in october, sales were up more than 30% despite mortgage rates being up. shares now, 52-week high. stuart: not bad with. lauren, thank you. president-elect trump will likely go after ev mandates. this might actually be a
11:11 am
positive for tesla even though the stock is down today. we're going to explain that. trump has selected marco rubio to be secretary of state. is he the first foreign policy hawk on china we've had in four years? florida congressman carlos gimenez, longtime friend of the senator, he's next. ♪ just the see you smile, i'd do do anything that you wanted me to ♪ ? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf. ♪ i have type 2 diabetes, but i manage it well. ♪
11:12 am
♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell! ♪
11:13 am
do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
11:14 am
11:15 am
stuart: we have the dow industrials down all of 13 points, thes nasdaq's down 35 points. not much movement thus far p. how about bitcoin? that's treating from its record highs significantly, it's back down to $87,600 to. it had reached 90,000 concern
11:16 am
93,000. president-elect donald trump shaking things up in what i'm calling a transformational administration. mark meredith, looks like he's on vacation in west palm beach, florida, these days. he gets on without a tie. he must love it down there. mark, to me, it seems like all these picks have one hinge in common, they're all trump loyalists. am i right? >> reporter: stu, they are. and that's obviously by design as the president-elect would want people with him through thick and thin and, yes, it's not bad to have an excuse to come down here in florida this time of year. however, the president-elect is shocking so many people up on capitol hill as well as members of the media with his latest pick for attorney general, and that is the now soon to be former congressman matt gaetz. even though he's been serving in congress since 2016, there have been questions about what kind of ole he was going to have, concern role he wases going to
11:17 am
have. trump put out a statement saying matt will that out the systematic corruption at doj and uphold our democracy and constitution. gaits is considered quite controversy as the house ethics committee was investigating allegation as he was tied to sex trafficking of minor. he's long denied the allegations, and the justice department ended the probe of the matter last year. the senate considering whether or not tulsi gabbard, former democratic congresswoman from hawaii, should be the next director of national intelligence. gabbard tells fox she is expecting to get confirmed, but it will be an uphill battle. >> of course there's going to be resistance to change from the swamp in washington. i think that's kind of the point. the american people are saying, hey, stop, looking at yourselves, stop focusing on your own power, your own position, your own bank accounts. >> reporter: florida senator marco rubio already gaining bipartisan support as trump's nominee for secretary of state. as you know, stu, trump and
11:18 am
rubio's relationship has evolved quite a bit from 2016. remember that bitter primary? trump says rubio will be a strong advocate for our nation and a fearless warrior who will never back down over our adversaries. trump's team says the president-elect was thankful to have a chance to to sit down with president biden just yesterday in washington. trump saying change is in the air, and we are looking to see what other changes we can expect. trump is yet to unveil who will be on his economic team or who his press secretary will be so i at least have some time to find a tie before coming back up to d.c. stuart: don't worry about it, you look great. mark meredith, see you again soon. trump has chosen florida senator marco rubio as his nominee for secretary of state. congressman carlos gimenez, republican from florida, or joins me nowful congressman, is rubio the first foreign policy hawk on china in four years? >> oh, definitely. and, look, marco rubio, you know, i know him pretty much
11:19 am
as -- i'm known as a china hawk, marco rubio was before me. so, yeah, he's very much so, and i expect great things from the new secretary of state. stuart you've known him for many years, i believe. has he always a been a hawk, cuba, venezuela, china, iran? always a hawk? >> always a hawk because he knows who our enemies are, and he knows when our friends are. and he wants to make sure we treat our enemies like our enemies and our friends like our friends unlike this current administration that has this thing backwards, treatses our friends as enemies and our enemies as friends. i think he has the world view, you know, in the correct focus. stuart: trump, president-elect trump has also picked elise stefanik if for u.n. ambassador, mike waltz, national security adviser, matt gaits, attorney general. -- matt gaetz. if they all join the administration, they leave the house, that leaves you guys with an extremely thin majority. can you get anything done with a minute majority? >> yeah, we can, because this is
11:20 am
different. when -- in this particular congress we're in even though we have the majority, we're actually the opposition party. now we're going to be the party with the senate and the president, we have the trifecta. now we have to govern. and we have somethingen on our side that we didn't have before, we have the president of the united states saying, hey, you guys, this is the agenda that i want passed, and i don't want to see anybody if really stop the agenda. and so i expect things to to go a lot smoother on, in this upcoming congress man this current congress right now. stuart: do you think that's enough to control the freedom caucus? they were out of control over the last couple of years. >> well, they were out of control maybe because they didn't have president trump. and also we were the opposition party. we knew that whatever passed here in the house was never going to get to the president, it was never going to get past chuck schumer and get ott president. so there may be a lot of grand standing involved. now it's about a work, it's
11:21 am
about getting things done for the american people. we know that what passes the house can pass the senate, can then be signed by the president of the united states. so all these other little distractions that we had in the past, we need to put those aside, focus on the job at hand and deliver for the american people. stuart: i get the impression that since the election the vibe across the whole country has changed. not sure how to de vibe, but i've just got a different feeling about america in the last nine days. how about you? >> oh, yeah. of and we've been feeling it and we know that change is in the air, and a lot of it has to do with the picks that that he's had. some have had some rumblings, and so we've, you know, change is in the air. and the establishment understands that change is in the air. many people here in washington are, you know, on pins and needs because of it. and it's about time. we plead change. we need -- we need change. we need change here in
11:22 am
washington. we need to really clean up this place. i'm really happy that elon musk and ram ramaswamy are going to be, you know, the folks that are going the lead the efficiency of this government. this government is soup inefficient -- super inefficient, and it needs to be shaken up. stuart: you've helped with election coverage for a long time now. ien want you the know it's very much appreciated. carlos gimenez, thanks for being here. >> thank you, suh. stuart: yes, sir. trump has promised to end biden's ev mandate on day one. ashley, why would this be good news for tesla? ashley: well, stu, the theory goes that donald trump's criticism of electric vehicles will hugely lead to the an end of government subsidies for consumers which in turn will help tesla by hitting its rivals with greater losses. that's the theory. and while tesla is making money from its evs, other automakers have seen losses that have been tempered a little by consumer tax credits worth up to $75000
11:23 am
under biden's -- 7500. the president-elect has said evs would spell, quote, complete to blitz ration for the u.s -- to blitz ration for the u.s. car industry. dan ives says for tesla it could be a huge positive and, of course, they have that bromance going as a well, elon musk and donald trump. stuart: is that what's called a bromance? i guess it is. they're pretty chose, i've got to say. ash, thanks very much. would you with ever buy tesla's stock? >> yeah, at about half the price it's at right now. [laughter] i disagree -- i agree with dan ives on tesla. this trump presidency is bad for the ev market. it's good for tesla, but i don't want to buy things that are fighting regulatory headwinds or government head headwinds or demand headwind withs. stuart: all right. coming up, amazon just debuted their next discount web site.
11:24 am
the focus is on selling items for $20 the or less. 4444 cents of every -- 44 cents of every dollar the government spent last month was borrowed. e.j. antoni says that's just not sustainable. e... -- e.j. is here next. ♪ i'm here for a good time. ♪ so bring on the sunshine, to hell with the red wine. ♪ pour me some moon --
11:25 am
we all know that words have power. they set things in motion and make us happy or sad. but there's one word that stands out, because when people say it, lives are changed. it's not a big word. it's itsy bitsy. it's only three little letters. but when you say it, the life of a kid like me can be changed.
11:26 am
so what is this special word? it may surprise you. it's yes, yes, yes, yes to becoming a monthly supporter of shriners hospitals for children. that's right! your monthly support allows the doctors and nurses at shriners hospitals for children to give the most amazing care anywhere and change the lives of kids like me and me and me. because people like you have said yes. now i can play football and i can play catch and i can walk. so what do you say? will you say yes? right now? it's so easy. all you have to do is pick up the phone or go to loveshriners.org right now and say yes. when you say yes to giving just $19 a month, only $0.63 a day. we'll send you this adorable love to the rescue blanket as a reminder of all the kids you're helping every day. my life is filled with possibility
11:27 am
because of the monthly support of people just like you who call the number on your screen and said, yes, yes, yes, yes. your yes is making a difference in my life and the lives of so many other kids like me. thank you. thank you. thank you. thank you. thank you for giving. please call or go online now. if operators are busy, call again or go to loveshriners.org to say yes right away. in uncertain times, gold and silver offers stability, and prime mining is high grade gold and silver. their multi-million ounce project is bringing a modern vision to mining in mexico. prime mining.
11:28 am
stuart: still very little price change, but we do have the cow going into the green, up all of 9 points. lou basenese has a his stock picks for us, and the first one is -- i don't know how to pronounce it. >> 70-year-old chip maker. i love under the radar chip companies, ands this is one that plays into the a.i. trend and also has a trump kicker. they make the fiber optic connections for data centers. you have the move it around, and they make those chips. hay get 50% of their revenue from the defense industry which, no doubt, is going to go up under trump. stuart: i met somebody the other day who works on day a centers, and this person is working on putting data centers under the sea. because then you've got natural a cooling, and that's the big problem with data centers.
11:29 am
>> absolutely. cooling and power supply. i don't know how you're getting all the a power underneath the water. that's a problem that might come up with that model. stuart: i'll figure that one i out, and is there the lady that i was introduced to. you like this one, software provider -- >> it's a way to use algorithms and a.i. to match if buyers with products. it's really helping retailers boost results. we see consumer spending trends drifting toward more economical. this is a provider that can help retailers move more product. stuart: so where's it going? >> i think from here, it's a $37 stock, i think it's 50 12 the months from now as we see a resurgence of the u.s. economy. stuart: i'd take 30%ful thank, lou. the biden-harris administration happening off a massoff budget deficit to president trump. edward, how much debt is trump
11:30 am
inheriting? >> reporter: $1.6 trillion under president joe biden, and president trump is dealing with a slow or manager economy concern slowing economy when he takes over in 2025 the as well as deficit spending where the government is taking in less money than it's actually spending. now, in october the deficit quadrupled to $25 the 7 billion for that one month. a 287% increase from october of 2023. now, there are some caveats here. the first of the month if fell if on a weekend, so some of the payments were pulled forward. also california residents were allowed to delay taxes, so the revenue was not reflected in that. and some of the caveats were the shave 3222% off the -- 322 -- 22 off the increase. the president of the minneapolis reserve said the debt could sink the economy. >> if you look at the congressional a budget office a's forecast of the debt over the next 20 years, it goes to the moon. it grow withs unsustainably. and that, obviously, cannot
11:31 am
happen. so ultimately, congress and the executive branch will need to work together to come up with some kind of a plan to address that. our job is not to comment on that, not to opine on it, not to offer suggestions on what they do. that's up to them. >> reporter: so the higher interest rates to fight inflation also means we pay more interest to service the the debt. right now those payments top $11 trillion -- 1 trillion, more than the budget of the defense department which might be why president-elect donald trump is trying to form the government efficiency committee, to find cost savings there. suh? stuart: got it. e.j. antoni joins me now. i want to get back to that statistic. 44 cents of every dollar the government spent last month was borrowed. that's not sustainable, obviously. i just want you to tell us, where are with we going with this debt situation? >> well, to the moon, as we just heard, unfortunately. and the problem is, stu, that we have to remember all of this government spending is ultimately paid for. you know, we saw a very similar
11:32 am
situation in the 1970s, and it was paid for with massive inflation, much worse, actually, than what we've seen over the last four years although that's been bad enough. the dollar's lost a fifth of its value in that time. but again, it can get much worse and it will if this spending continues. and, by the way, we're already seeing signs of markets beginning to crack here. let's not forget that the fed has already started their rate-cutting cycle, and yet yields on treasuries haven't gone down. they've been going up because the bond vigilantes are starting to gain some ground. stuart: are we getting closer and closer to a debt bomb, a debt crisis? >> i think so. we're seeing some stress, for example, in the repurchase agreement marketplace that seems to indicate that. the fed and the treasury, essentially at this point, are really working at cross-purpose. janet yellen has abandoned her role of risk management and has been trying to, essentially, juice the economy and hold everything together with bubble gum and a baling wire.
11:33 am
that's part of what's happening behind the shift mt. hamatureties of the treasuries where we're -- maturities where we're issuing much less of the long-term debt and more of the short term. stuart: $17.94 trillion is the total household debt. now, trump has a long list of tax cuts. how will trump bring down household debt? >> well, the key here, stuart, is that we have to get earnings growth to to exceed inflation. and to do that, you're going to have to bring down inflation, you're also going top -- to have to bring up earning growth. we were just talking about how we need to reduce government spending and reduce debt because those are the things that are causing the inflation. you know, in this whole department of government efficiency, i think, is a great step in that direction. now, in terms of increasing wage growth, we saw tremendous real wage growth during the first trump administration, and the key there was a combination of
11:34 am
lower taxes and lower regulation so that the free market was allowed to simply do its thing, and we were able to the unleash prosperity. stuart: it seems like it all comes back to this department of government efficiency, doge. that is the most important element many in maga politics at the moment, isn't it? it's the most important thing that we have to do, cut government spending, cut the bureaucracy. >> absolutely, stu. and, see, one of the key reasons, one of the key things, i should say, to are remember here why doge is so important is the fact that people are not outraged about a government spending, about government waste, fraud and abuse because they simply don't know about it. you can't be outraged if you don't know these things exist. but once people's eyes are opened to literally how many trillions of dollars a year of their tax tax a dollars are being wasted, they will be outraged, they will demand change, and that is the only thing that will ever get the politicians the move on these issues. stuart: no matter how painful it is to to cut government
11:35 am
spending, and it will be painful. e.j., thanks for joining us. see you again soon. thank you very much. lauren's back. the port worker negotiations, i believe they're falling apart all a over again. the workers just flat out refuse to accept any automation. is that right in the. lauren: zero. so the union walked away from negotiations yesterday, and the reason was management if had indicated to them that they wanted to implement semi-automation if at the ports on the east coast. and the union wants none, zero whatsoever. but i will note in this, that even as the unions walk away here, they are softening their language in the posts that they're putting out about this. it's a less aggressive tone particularly coming from the president of the that union, harold harold daggett, and it may be because if these talks completely fall through and they are set to strike in january, that would be five days before president trump is sworn into office -- stuart: and trump could force them back the work. he could.
11:36 am
lauren: look, the unions tip -- the rank and file typically support trump, but i'm not sure -- this is coming from me, not the president -- that trump would be okay with the unions saying we're resisting automation and technology altogether, and he could force them back to work. and they mow it and they like him. stuart: now this, amazon has launched a new discount store called amazon haul. they're taking on rivals, the temu and shein. the new web site will sell items, all of them, urn $20 a pop. lou, do you think that amazon haul can compete with chinese retailers? >> i think they can, but for me as an investor, who caress? when do digital dollar stores really move the needle for companies? i don't think this is going to be a revenue driver. sure, they might if tamp out some competition, but i don't think it's a major reason to buy the stock. stuart: do the we know anything about the quality of goods on offer for under $02 -- >> i've bought a bunch of stuff
11:37 am
from temu, it's not good, so i can't imagine it's -- lauren: the shipping time is going to be two week, so you've got to wait for those products. stuart: okay. at a certain price, i would wait. governor gavin newsom met with president biden in washington. new shah wants biden to protect california's liberal policies. trump improved his vote margins in big cities as well as their surrounding suburbs. we'll tell you what powers those gains, and that's next. ♪ join the millions who saved on their move with pods. book now and save up to 25% off your upcoming move. with no deposit now and no surprise costs later.
11:38 am
don't put off till tomorrow when you can save today! book now at pods.com dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading without fingersticks. dexcom g7 is the most accurate cgm, so you can manage your diabetes with confidence. ♪ humana medicare advantage plans. carry this card and you could have the power to unlock benefits beyond original medicare. these
11:39 am
are convenient plans that offer all of the benefits of original medicare, plus extra coverage and benefits. with a humana medicare advantage plan, you could get doctor, hospital and prescription drug coverage in one convenient plan. with zero-dollar copays on hundreds of prescriptions. most plans include dental coverage, including zero-dollar copays for covered preventive services. vision coverage, with eye exams and an allowance for eyewear. even hearing benefits, with routine hearing exams and coverage toward hearing aids. that's more than you get with original medicare. but it gets even better. because humana offers zero-dollar or low monthly plan premiums. you'll also get, zero-dollar copays for routine vaccines at in-network retail pharmacies. zero-dollar copays for telehealth visits. and zero-dollar copays for in-network preventive services. plus, worldwide coverage for emergency and urgent care when you travel. and, medicare advantage plans ensure your covered medical costs, including
11:40 am
all doctor and emergency care, will never go above a maximum out-of-pocket amount that you know beforehand. imagine benefits like these in one convenient plan! plus, you'll have access to humana's multiple large plan networks of doctors, hospitals and pharmacies. so, if you want more from medicare, call now to see if there's a plan in your area that could give you extra coverage and benefits. including coverage for doctor, hospital, and prescription drugs. plus, a cap on your out-of-pocket medical costs. and most plans include coverage for dental, vision, even hearing. a knowledgeable, licensed humana sales agent will explain your coverage options. even help you enroll over the phone. call today and we'll also send this free guide. but now is the time. the annual enrollment period ends december 7th! humana. a more human way to healthcare.
11:41 am
stuart: fairly benign inflation news earlier this morning. little impact on the market. dow's up 3, nasdaq down 14. that's the way it stands now. salesforce unitedhealth, amgen, all dow stocks. taken together, they're all down, by the way, they're
11:42 am
shaving 130 points off the dow industrials. president-elect trump made significant voter gains in major cities. he also a did well in the business community. madison alworth in brooklyn, new york. madison, what powered those gains? >> reporter: the economy. it was the economy, stu. we're here at people's bakery here in new york, it's a small business that tells the large err story. the owner voted in 2020 the for biden. this time around a though he voted for trump with the economy front and center because as a small business owner, he really needed to vote for change. take a listen. >> people got fed up with whatever policies that mr. biden applied to the general public. it doesn't help the middle class, to be honest with you with, you know? i tried to keep my business going but try not to waste the products, but what am i supposed to do when i pay, you know, x amount for eggs, flour, sure? -- sugar? everything went up. >> reporter: the fox news
11:43 am
voter analysis shows votes for trump were powered largely by the economy and immigration and that trump was able to narrow traditional democratic advantage ises among back, hispanic and young voters. damian, the owner here, is both a new york voter and a latino voter. voters like damian showed up to vote across country. trump won not only because of rural votes, but because of gains in or urban areas hike this one. so -- like this one with. let's zoom in on chicago, taking a look there. the windy city, or normally a democratic stronghold, saw a 10-point swing for trump compared to 20020. one of the biggest urban swings was many miami-dade county where trump saw a swing of 19 points compared to the last presidential election. and like i said, we're here at a small business and next week we're going to be really digging into small businesses across the country with the small business revival, taking a look at how small businesses can stand to gain under the next administration. and when it comes to this
11:44 am
business here with damian, he's owned it since 2009. he told me the experience of the trump administration, he experienced biden-harris, and he knew his busied better during trump's first presidency. he's hoping the layoffly hood of this establishment and his family depends if on a better future. stu? stuart: thank you very much, madison alworth. following last week's amsterdam attacks, thousands of police have been deployed in paris to -- >> awesome, thank you. stuart: -- france-israel football match. football in europe with, soccer over here. jon levine is with us. israel advised fans not to attend. what's going on? >> look, stu, we've talked about this before. europe is much further, far gone than people realize. and i'm glad that france is deploying thousands of police to a soccer game to ensure that we can have a soccer game in a peace. but, you know, why is this necessary? it's because france and many other missions in europe have taken in millions and millions of new arrivals, people who are
11:45 am
not european people, people who do not share european if values, do not have a common culture with europeans. and it's a real problem now. in this country we talk about how we need mass deportations, and that's coming now that trump is going to be president. but that conversation really hasn't penetrated europe yet. it's starting to percolate, and their problems are much deeper. they've been much further in the soup than we have for long time. they're got generations now that have come up in europe that feel no attachment to their culture. so i don't envy the steps that will one day be necessary in europe -- stuart: when you say you don't envy the steps that will one day be necessary, what are you talking about? >> at the very least, some kind of mass deportation like we're discussing here will be required. i think there's no way around that, stu. stuart: that would be da cone gallon in the extreme because there are -- draconian ithe extreme. >> why would it be draconian for them to do mass deportations but
11:46 am
not us? stuart: well, they're here illegally. the muslims in europe are there legally. angela merkel let 'em many in. >> obviously, you would start with people who are not citizens. plenty are just there as my grant labor -- stuart: it'll get that bad? >> i think if you look at a lot of these european parties, especially the more conservative parties that are starting to win elections in france and germany, this is what they're promising. i think it will get there, yes. stuart: we had the brother-in-law of one of the hostages still held by hamas. listen the what he had to say. >> any political change could bring positive results for the situation. we've been on a stalemate for so long, and president trump promised during husband campaign private meetings with families of hostages, with the family hostage forum, and publicly that he wants to see war end with the return of the hostages. i trust he will do that.
11:47 am
stuart: the election of donald trump is a really important thing for jewish people. that's what he's saying. >> i mean, or let's not forget trump was supported by a large number of arab and muslim voters in this country too because he has a history of bringing peace to that renal. when he was president, we saw the abraham accords, israels reel's agreement with the uae, with morocco. the crown prince of saudi arabia wouldn't even get on the phone with him, he was promising to make saudi arabia a pariah state, as you may recall, so there's been to no progress since biden has taken over, and in many ways, we've gone backwards. trump always says october 7th never would have happened. so now i think there is a chance to the expand the abraham accords and bring lasting peace to that region, absolutely. stuart: let's be positive, bring the hostages home. jon levine, thank you very much, indeed. change the subject here. the newly sworn-in chief of the los angeles police department has a message for trump, we're not going to assist in deporting
11:48 am
migrants. how can trump force these sanctuary cities to comply with the law? leo terrell is fired up about it, and leo is next. muck looking out my back door. ♪ ♪ an alternative to pills, voltaren is a clinically proven arthritis pain relief gel, which penetrates deep to target the source of pain with nonsteroidal anti-inflammatory medicine directly at the source. voltaren, the joy of movement. municipal bonds don't usually get the media coverage
11:49 am
the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. harlem has everything. but i couldn't find pilates anywhere.
11:50 am
so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business.
11:51 am
11:52 am
stuart: governor gavin newsom wants to take action against president-elect trump. he's calling for a special session of the legislature to trump-proof california. and he wants last minute help from biden. leo terrell with me now. what exactly does he want, can you tell me? >> i don't know, but he can't get anything from joe biden. i want to be very clear, joe biden cannot help gavin newsom. why? because trump controls the executive branch, he controls -- he basically has the house and the senate in his possession. he controls the regulatory the agencies, stu, and he controls the purse if strings. so there's nothing he can do. let me give you a perfect example. we have these crazy mission standards california. guess what? that's the everything pa. that that's wavers. trump says we're in the giving these wavers -- waivers anymore,
11:53 am
they stop. so there's nothing biden can do the help governor newsom, anything at all. stuart: just signaling for 20228, i guess. next one. this is for you, or leo. the new los angeles police chief, jim mcdonald, he's getting backlash. he claims the city will not assist with mass deportations. can trump strongarm these people who won't deport? >> yes. and let me give you an example. very simple. i'm -- hello, mr. chief of police, i'm the u.s. attorney. you are obstructing justice. we have the exclusive right to remove illegal immigrants from this country. it's t a federal responsibility. the federal government, trump could have that chief of police in federal court immediately and disclose all the information that he has in his custody, control and possession. this is ridiculous. i also want to make sure this is clear, sanctuary cities are illegal and unconstitutional. why? because they block the federal
11:54 am
government from doing it constitutional duty the control immigration. stuart: i sense that change is coming. leo, i want you to listen to this. we just received this. the department of government efficiency announced on x this morning, just a few moments a ago, that they are officially hiring employees to work 800-plus hour -- 800-plus hours a week -- 80, and they insist you need to be a super high iq, small government revolutionary. don't you love it or, leo? i bet you're onboard with that. [laughter] >> i'll take it. we want efficiency, completely. count me in. i'll sign up. stuart: 80 plus hours a week and you've just got to work. you've got to be a revolutionary. this is a sign of things to come, i suspect. >> if you believe in this country, you volunteer for it, and that's why the country is supporting president trump. stuart: got it. leo, or you're all right. what to do we -- there you go. it's on the screen. we're very grateful to the thousands of men ors who have
11:55 am
expressed concern expressed interest. we need super iq, small government revolutionaries willing the work 80 plus hours a week. don't you to love it, leo? yes, you do. >> i love it. stuart: all good stuff. thanks for being on the show, gee gun soon. >> thank you. stuart: it's that time for the thursday trivia question. it's a good one. when was the cd, as in pact disk, when was it invented? can't be '89, i was using them before then. the answer when we come back. ♪ investment opportunities are everywhere you turn. .. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes.
11:56 am
11:57 am
i love my brand new bike! having a set of custom wheels gives kids like me and me the ability to do things we could only dream of before. through your support of wheels for love shriners children's is supplying custom built adaptive bikes and wheelchairs for kids who dream of their first set of wheels. for us, the bike is one of the most incredible experiences. the very first moment she had success. you're doing a great job. jaden received his bike from shriners. i almost started crying because i never thought my son would be able to ride a bike at all. when you go online to loveshriners.org or call this special number with your monthly gift, you'll make a difference too. and help kids like us do things we never thought we could do. when you say yes to giving just $19 a month, only $0.63 a day, we'll send you this adorable love to the rescue® blanket as a reminder of all the kids you're helping every day.
11:58 am
call or go online right now to give. you'll be making sure our amazing doctors and nurses can keep helping kids who need them now and in the days to come. because of you i get the most amazing care anywhere. i can play basketball. yeah! i can play soccer because of your support. thank you, your support is changing our lives. your monthly gift right now at loveshriners.org makes moments like this possible for kids like me and me. thank you for giving. help a kid get their first set of wheels. let's roll. join the movement. please call or go online now. if operators are busy, call again, or go to loveshriners.org to give right away. thank you!
11:59 am
new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire stuart: before the break we asked when was the compact disc invented? 74, 79, 84, 89, i told the viewers that lauren said is that the round plastic thing? it was. that's a see the. when was it invented? ashley: now i feel old. i remember making mixed tapes with of the spool to break down, i will go number 2, 1979. lauren: i feel like i've been
12:00 pm
on the same wavelength as ashley for a while, 1979. >> i'm going to go with 1974 and break rank. stuart: remember the 8 track? that was 1960s stuff. lauren: i don't remember it. stuart: i will say 1974 was the invention of the cd. lauren got it right and she doesn't know what they are, 1979, the first prototype in europe and japan, the first cds could store 80 minutes of music and became widely available in 1982. send your friday feedback. email us, varneyviewers@fox.com. time is up. thanks for being with us. coast to coast starts now. neil: i was around for the invention of the wheel of. that led to the cd. great show

32 Views

info Stream Only

Uploaded by TV Archive on