tv Varney Company FOX Business November 19, 2024 10:00am-11:00am EST
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stuart: we have a bright sunny day, this is getting serious because we need rain. a couple bushfires in manhattan. we need rain. 10:00 eastern, we are down 360 on the dow, 30 points on the s&p. i see only four winners in the dow 30. the yield on the 10 year treasury is going down. it is a flight to safety. people for money into safe treasuries. 4.38%. the price of oil is just below $70 a barrel, bitcoin firm at $91,800 a coin. now this.
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presidential decisions have consequences which after losing president biden will stay in office for three months. he can and will keep making decisions with great consequences. he authorized american-made missiles to attack inside russia. now look what has happened. last night some of those missiles were fired into russia. immediately vladimir putin responded revising the rules for using nukes. he has lowered the threshold for first use, this is escalation. trouble is biden's continuing decline is gaining speed, he missed a follow-up with world leaders. reporters found him behind a palm tree. he doesn't appear to know what is going on. vladimir putin knows that weakness and takes advantage and rattles his nukes. donald trump cannot reverse the missile decision. he's not the president yet. vladimir putin is exploiting
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the dilemma, and infirm president in the twilight of his term making it difficult for his successor. is biden making his decisions? with a competent to make these decisions. president biden with only, it should not be like this in a peaceful orderly transition. brian brenberg, biden missed the g 20 photo up. who is in charge? brian: i think biden has put vladimir putin charged with this decision. if i was donald trump i would be furious with what biden has done. he has escalated all of the nuclear challenges particularly
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with russia and evidently not capable to lead on this, biden cannot lead on this. you need to after leadership right now and there is somebody pooling the strings, the american people didn't elect them. we need to survive this two months. >> that's what it is a, two months. biden is a lame-duck president. there are some actions he could take while still president before trump's inauguration. he could send more aid to ukraine, announced more infrastructure projects, confirm more federal judges, energy and projects. brian: he will create a lot of messes trump has to clean up. he will spend money trump will try to figure out, trump needs to figure out of he can roll back. stuart: deliberate? brian: whatever he president does, try to jam things through
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without any account, i don't, on the spending side, everybody does stuff. what bothers me is consequential things on foreign policy side of the eco-asian. stuart: look at the photo up, the president wanders on the extreme side, xi jinping in the middle of things. brian: it shows what the world thinks about him. it shows what the world thinks about where we stand in the world. all of this is about the repair donald trump has to do. it is a broken house. a house where the foundation is crumbling and trump is going to walk in and fix this. he's picking cabinet individuals. that's why he is doing this. because of what you see on screen. brian: stuart: thank you. we told you about the fema employee who denied relief to
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residents if they have trump signs outside was a former worker at fema says this is part of a larger dei issue at the agency. lauren: dozens of homes in florida were ignored after the hurricanes hit because of systemic bias at fema. >> from what i can tell this happened under the biden administration because previously when i was fema employee for 12 years i never saw anything like this. everyone has opinions of politics or religion but trickle down to this level of exposure, unethical orders. why is the word equity in this conversation with anything to do with fema in the first place? lauren: it is everywhere, the word equity.
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the strategic plan, their priority laid out, climate awareness, number 3, readiness. number 3 is a big one. that is what they are supposed to do. politics is taking the top two priorities at the agency that is expected to respond to natural disasters that do not discriminate based on the color of your skin or anything else. stuart: that is astonishing the two priorities. >> the fema administrator will testify about systemic bias before the house oversight committee later tonight. stuart: we have a lot of action, reading action down 360 on the dow, 50 points lower on the nasdaq. markets are down because of vladimir putin and ukraine and missiles and nukes. do they stare down? >> we are going to get through this.
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on the sidelines, we just had a meeting, 12% chance of that nukes will be used by 2024. that is pretty shocking. that is pretty shocking. stuart: i don't want to take my politics from poly markets. >> i agree but so far, pretty good. we are going to get through this. a lot of money on the sidelines. it will be good. the optimism and settlement is going to be great in 18 months, 12 to 18 months. trump has to undo the bad things. in january, the best thing he can say is i'm the only guy who can do it as fast as i can do it. there need to be some things i can fix faster than anybody else and he will do okay but it is not going to be as fast as
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everybody think it will be. you can't drill drill drill that fast. you can change some optimism. that is okay. you're still only selling the sizzle. you have to bring a steak and that takes time. stuart: look at walmart reporting this morning, a good report, more profit, more revenue, more foot traffic. what does that say about the state of the consumer? >> going to walmart because they are not spending money in places that are more expensive. we have reports of luxury brands having a hard time. it is ready for walmart and just because it's great for walmart doesn't mean it is great for the economy. people are struggling. 60% to 70% of americans would say we are in the middle of a recession. once we get them, find out what's really going on, next summer will confirm we've been in a recession this year. this is an example of walmart earnings, greater earnings for
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walmart means people are coming to walmart because they don't have a lot of money. stuart: thanks very much indeed, see you again soon. trump media in talks to acquire the crypto trading platform. which company and why are they doing it? lauren: the financial times reporting dj t in talks to buy all stock acquisition. they are aware of the reports but do not comment on market rumors. i spoke with crypto expert anthony popliano, the most consequential part is media and finance intersect. that gives the president-elect more exposure, uses more exposure to infrastructure services, products. media finance, all crypto coming together and becoming more mainstream.
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stuart: back to walmart earnings. what are they saying, looking forward, about holiday shopping? lauren: the tone is positive. even though groceries are basic, 60% of walmart's total sales of $169 billion last quarter, walmart keeps the shoppers coming in for value and choice. >> we have more opportunity in fashion in areas than basic areas. relating to price versus convenience, everybody wants to save money and time but it is a continuum and those that have more discretionary income and want to save time are liking what we are doing with pickup and delivery and that makes this moment in time different. lauren: general merchandise sales rose for the second consecutive quarter, that's a big deal, that suggests
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americans may be willing to spend more this holiday season so you are getting strong signs from wall street and the holiday cheer on main street too. >> the holiday budget is looking amazing right now. >> compare prices. >> treating myself. >> it is about other people. >> me too. lauren: a different tone out there. people wanted to to talk to me. on national retail federation says we will spend $902 per person this holiday season, all-time high, $25 more than last year. might get a late start. the election distracted us but if you look at those five key days, one hundred 83 million people are going to buy something, shop in-store and online going back to online, e-commerce is a fifth of all
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walmart sales globally, 18%. stuart: they sell $159 billion worth of stuff, 1/5 of that is e-commerce. lauren: people want fast delivery and pay for that, that boosts their margins. i would argue with stock at a record high walmart is firing on all cylinders. stuart: coming up donald trump's famous dance move has become a global phenom. we will tell you the latest stars are joining in. he's a soccer player. bad news for google? the justice department wants a judge to force them to selloff chrome. trump says he would declare a national emergency on the border crisis to reverse the biden invasion blood governor says it could be illegal. >> the idea of calling out the army, domestic confine, seemed is uncalled for. unconstitutional and illegal.
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stuart: tuesday morning, reading flowing, 378, nasdaq down 38 points, losses have been trimmed a little bit. the price of gold on the upside today, $15 higher, flight to safety with turmoil in ukraine and russia. gold miners, all of them on the upside. anglo gold, on the upside. the high-profile trial continues for laken riley's
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suspected murderer. in athens, georgia, what are we expecting to hear today? >> reporter: but prosecution is wrapping up their witness testimony and we expect the defense to layout their case soon. the agent in this case is the 22nd witness on the stand but earlier we heard from a ug a police officer about trail cam video, the camera captured video of a man prosecutors say is the suspect who is josé ib ibarra, this is the last time she was seen alive and was just minutes before she called 911 that morning. prosecutors believe this is ibarra trying to open the door of another college student's apartment before he was seen
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walking in the direction where riley was later found. that officer reviewed riley's cell phone and went through the last activity. >> before the 911 call, what is the text? >> good morning, about to go for a run. >> 9:fifty eight a.m. . am. >> left a text message saying you are making me nervous. are you okay? >> reporter: the prosecution is expected to rest their case and the defense says their testimony should only last half a day so we will likely hear closing arguments after that. then it is up to the judge to decide ibarra's fate. stuart: this is about the border. donald trump says he will declare a national emergency
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and use the military for mass deportations. that is a big deal. >> the idea of calling out the army into the domestic confines of the united states seems is uncalled for and may be unconstitutional and illegal. stuart: trump is doing what he said he would do. is it legal? >> i have been part of it since it started in 2,003 where we requested help from the department of defense, troops to build roads on the border and put up fencing, to monitor the border on behalf of logistics and transport tatian, this is not unusual or illegal. i am not sure what the governors talking about. he was taken to task by his
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political rivals, $638 million to put shelters up outside the city of chicago because the city for months was overwhelmed by the migrant crisis, people coming to the united states illegal, and a place to stay. we got to fix this problem, dealing with it for almost four years of the biden/harris administration. to seal the border. and and all over the united states. stuart: how is it going to look, using the military to round up illegal aliens, illegal migrants were guilty of some kind of crime. put them in a camp guarded by armed troops. how is that going to look? >> remains to be seen what they would ask the military to do.
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they are logistics, they monitor sensors to construct detention centers. short of putting hands-on what they suspect to be in the country illegally. free of the men and women of ice, supported by the military, we've done it many times before and this is another example. stuart: homeland security warns venezuelan gained has already set up shop in 16 states. is trump's first priority getting this gang out of america? is that job one? >> that is what he said. this deportation effort will focus on the worst first. as vicious as they are, as much influence they had on the criminal element in the united states, they are still relatively small in number and extremely vulnerable to removal from the united states. no record of arrests before
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2021 of carrying people from this. they have just gotten here, made a terrible mark in cities and towns all over the united states. in a concentrated effort to find them, apprehend them and remove them quickly, will reduce the risk these cities and towns are facing from this vicious enterprise. stuart: thank you very much for joining us. coming up the administration continues to take shape, trump's administration takes shape, he hasn't chosen a treasury secretary. we will go through the shortlist of candidates with bret baer. polling guru net silver says don't blame the polling. he said it would be a dead heat, we asked mitchell brown why holsters got it wrong next.
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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. stuart: the markets show a ton of reading, nasdaq down 21 points. big tech not a good area to be in.
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nvidia and apple up, amazon is microsoft down. the safe haven play of the day, the price of gold up $16, $26.31. that's a safe haven. home depot is moving quite a lot. lauren: they are down one% among the biggest losers on the dow. this after their arrival lowes said their big-ticket do-it-yourself home project are still sought for the quarter and that is pushing those down by 3.5%. stuart: they have software that automates warehouses. >> art official intelligence customers include walmart and target using their product in warehouses, they swung to profit sales up 19% in the quarter, stock is up 20 one%. stuart: not a bad game. micro strategy. lauren: more than any other company and selling 1.75 alien dollar issue of convertible bonds and plan to use the proceeds to purchase more bitcoin. stuart: a good way of investing. the justice department plans to
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push for google to sell its internet browser chrome. what else do the doj want? >> divest itself of the android operating system, asked the judge in this case to implement new measures related to artificial intelligence. this according to the wall street journal but we expect to get our own look at the document in court. that's the deadline for the doj to fly all. the judge decided that. this is related to web search. the allegation is google paid
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companies like apple to be the default search engine on devices, the trump administration's justice department originally filed the case and the biden justice department brought to trial and won in court, google is pushing back in a big way. vp of regulatory affairs takes a radical agenda beyond the legal issue in this case would harm consumers and technological leadership that is most needed. google has an opportunity to file its counterproposal with a suggestion of what it wantss the judge to do and take them and decide how to proceed. this is a big antitrust regulator final push before the transition into the trump administration which could go after big tech. stuart: pollsters said the
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presidential race would be a dead heat. it was not. a gop pollster joins me now. why did pollsters get it so wrong? >> let's framed this a little bit. e say pollsters got it wrong, trump outperformed what most pollsters said but if you compared to 2020, the difference was slighter. trump won these states but it wasn't overwhelming. we have this narrative he dominated these states completely. one. 4% win in michigan, 1.8% in pennsylvania. when pollsters talk about accuracy, margin of error most say in statewide polls it is 3% so for them if they said trump was down one, in their mind they are still winning if trump wins by 1.8 because it is in that 3 point margin.
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what they miss is how to talk to people who are not prolific voters and don't show up to vote. when we give a survey to these people we are saying, 4% on the side. are the 4% undecided going to show up on election day? where they receive their information from? with people getting more data from youtube, tiktok and x, you have to put that into your methodology and pulling and getting all respondents who captured news from them instead of the mainstream media. stuart: the polling, polling is not a problem, the real problem is polls get a higher response rate from democrats. is that true? >> yes. democrats have a higher proclivity responding to polls but that's not an excuse to let the pollsters off on. you have to understand that and over send out polling info to republican bases and these audiences that don't often
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respond and don't have a high voting proclivity. a lot of people do these surveys only to register voters so the whole group of people comes down to the methodology. you can't let people slide on not doing that and putting up the good faith effort especially after we've seen these groups of people influence 16, and 20 elections, you have to account for them when polling. stuart: that was a fine defense of appalling system. thanks for being with us all the way through the campaign. trump's famous dance movies take over the sports world. lauren: soccer star did the dance after scoring a goal yesterday versus jamaica. about to do it. here you go. he said he did it just for fun but hulk hogan, wrestling sensation, says he does it for a politics, he calls it the trump pump and says it is hitting the athletic world because they are thrilled the
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trump won and he says, quote, america is back. over the weekend, john jones did it in front of donald trump at msg. multiple nfl stars, college football players dancing like donald trump, the question is why. stuart: got to go. lauren: could be you enough iron. supporters are openly saying we like him. stuart: you used to hide your support for trump. brian: cancel culture is dying, you don't get in trouble for this anymore. it is fun. americans say have fun, they like to do fun things. when they have won or done something, that's a good sign for america. stuart: it is not shaking your fist. the exact opposite. programming no. martin scorsese presents the
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saints. a new docudrama on fox nation explores 8 of the most famous saint in history. a preview please. role it. >> the west end. >> yes. >> come and be baptized in the river jordan. >> in the name of the one true god. and bill marr and william shatner debate whether kamala harris was a great candidate. >> he was not a great candidate. >> he combined several trends
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of far here, black woman -- >> that's not a candidate. stuart: william shatner is 93 years old. is the era of identity politics over? we will get into it. vladimir putin's threshold for using his nuclear arsenal after ukraine used american-made weapons to attack deep inside russia. why did biden allow the ukrainians to do that. we will ask bret baer next. confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded.
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validated a blue check will appear on the profile much like the social media verified marks. donald trump rethinking who he will pick to be treasury secretary. what is the short list? >> reporter: there are five names on the shortlist. instead of a steady stream of black suvs in and out of mar-a-lago, the post could arguably be the most important spot in a trump administration, the treasury secretary will deal with ballooning debt, the person will enact trump's tax plan, tax cuts to extend that, cutting tax on tips as promised to the campaign. the treasury will have to pay for the trump agenda. >> donald trump's pics will be a little bit unconventional
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because 76 million people voted and gave us a mandate they are status donors tired of the status quo. i trust he will make the right decisions and every one needs a fair shot. >> reporter: scott besson has been one of the top choices from the beginning, seen as a wall street insider. howard let nick the ceo of cantor fitzgerald, says he will enact change. there is some reporting he might be commerce secretary. new york times reporting the cofounder of apollo global management is being interviewed. wall street journal saying board member kevin harsh also being looked at and robert lightkaiser proved himself in the first term negotiating trade deals with china phase i trade deal and a deal with japan among others. the president-elect taking his time to get this right going forward. as it is, a big part of his administration. stuart: a very big part.
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for the first time, ukraine hit inside russia with long-range missiles. bret baer with me now. why did biden allow the ukrainians to do this? >> i think there was a push by the ukrainians to pushback especially on the 10,000 north korean troops who are aligning close to the border and they are inside russia and the ukrainians wanted to hit that group and those facilities and it would take longer range missiles. it is obviously tense, russia saying they will readjust their nuclear position, because of what was happening. stuart: it makes donald trump's position difficult because he's not the president yet a.
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he can't reverse the missile decision even if he wanted to. these in a difficult spot. brian: he is not in power and doesn't have the sway to make that decision but he talked about getting to the negotiating table. if ukraine uses these weapons and gets to the negotiating order quickly, zelenskyy is talking to trey yingst on special report. interesting to see how he perceives it. stuart: donald trump has nominated sean duffy to be transportation secretary. it occurs to me cannot take anybody else out of the house because that would reduce the republican majority in the house, seriously reduce it. he can't take from there, coming back to fox. what do you say? >> what are you getting? stuart: don't start rumors.
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>> i think he's looking for good people and he feels each of these pics fits that bill. he will have trouble with some. i can confirm we expect him to be announced as commerce secretary. there will be an announcement very soon for commerce. that, kevin is one of the top contenders there, buck wrote one of global. but rowan. the question is a he going to have trouble on the hill? the only one that stands out is matt gaetz. stuart: have you ever seen a cabinet like this before?
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>> at candidate. stuart: a cabinet. >> a cabinet, it is happening quickly, much quicker than biden's picks or trump number one picks. he is assembling people that are going to shake things up and that is the main issue. stuart: we will be watching you at 6 p.m. eastern, special report. if you have a chance to take an extended vacation, you deserve it. you are all right, thanks for being with us. next, morning joe cohosts to respond to criticism after visiting trump at mar-a-lago. >> i would ask back, why wouldn't we? >> because you said he was hitler. stuart: there is that too. they called him a threat to
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democracy and they go down to visit. brian kilmeade on that next. ♪ asy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. make more of what's yours. it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time.
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stuart: straight into it, it is brian kilmeade time. morning joe hosts joe scarborough and mika burzynski responded to the critics about the trip tomorrow lago. >> we went to meet personally with donald trump and for those asking why we would go speak to the president elect during such fraught time is especially between us, i would ask back, why wouldn't we? >> because you said he was hitler. stuart: kind of obvious. made the this has got something to do with nbc's 50% drop in the ratings. >> i don't think you need to apologize to someone for disagreeing with them but what
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they have done the last seven years since he took office and called him the worst names possible, joe scarborough sits like an earthquake and talks and rages and his panel sits around for an opportunity to agree with him saying as you just heard, called him hitler, a fascist, absolute monarch, elections are over if he wins and when he wins they go let me go down and instead of saying we apologize, we got caught up in the moment, got too emotional, overstated things, we came to talk to him like it is a privilege, we characterized what the meeting was about, not saying they asked for it and they want access. they want to say i talk to donald trump today and make their show relevant. trump said if you are going to apologize and reestablish communication fine but don't make them insiders, don't give them information nobody else gets.
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they haven't deserved it not because they are critical, i don't think riddick 7 anything to do with it. just be fair. you don't like matt gaetz what you like marco rubio that's being fair, what don't you like about matt gaetz? do you want to hear it first with rfk? that's being fair. by saying i disagree with the nominee is still okay but when you call someone and unhinged alzheimer's written fascist hitler character, it goes to show you the moment you walked into mar-a-lago you didn't believe a word you said. when president biden says the same thing and says shake my hand anyway i can help, people say like charlemagne tha god, i thought he was hitler, why are you greeting him in the oval office, we don't believe anything you say. people can exaggerate but over the course of seven years, to somebody you used to call a friend, don't you think that is a little crazy to think you are going to change.
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stuart: all three of them have been the worst. stuart: i'm trying to work out who is going to take the lead inside the democratic party in the early stages of trump's presidency, is it going to be the left, making a lot of noise. >> if i was a moderator, i would be stepping forward, if i was a democratic lawmaker is saying i will try to work with him on illegal immigrants, to fight for families that have been here for years but help them work with ice. if i'm i am josh sapir oh, i would stand up to senator casey, breaking the law and grow up, you lost. that would have been an opportunity to stand up and speak out in a purple state. i don't see who will emerge but it's not unusual.
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we didn't know who the republicans would put forward. when mccain lost he certainly was going to lead the party. it is not unusual but trump is going to be pressing on all levers, oil, gas, border, international, he's going to make democrats step forward and clap for him or try to block him. i don't think it will be schumer. nancy pelosi, and incredibly left? absolutely not. stuart: you are a good man. we will watch "the big money show" weekdays at one:00 p.m. eastern on fox business and don't miss the small business revival town hall thursday at one:00 p.m. at one:00 pm eastern. congressman darrell issa on bladder approval lowering the
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