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tv   Varney Company  FOX Business  November 25, 2024 10:00am-11:00am EST

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♪. stuart: get on your feet, get up and make it happen. looking at six avenue, the beatable christmas tree on "fox weather", 10:00 o'clock eastern let's get to the money, a lot of green. the dow is up 457, the nasdaq was up a hundred now it's backed up at up 70 points. seven of the 30 dow members are hitting all-time highs today including walmart, j.p. morgan, goldman sachs, american express, procter & gamble, visa those are all dow stocks hitting all-time highs, the ten year treasury yield down significantly this could be a flight to safety people moving money into the ten year treasury, the price goes up in the yield comes down for 29 is the yield oil around $79 a barrel, 6979 just above 96000, drop down 956 as we speak.
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remember no labels there was a middleground underground that tried to get into the presidential election with the democrats saw as a threat to the biden here's campaign. what they did to crush it was an exercise issues politics. it worked, no labels dropped on april, now they've gone to court the campaign against them, most illegal and unlawful conspiracy. the tactics that the democrat used are an eye-opener they showed how worried they were in the links they would go to to crush the labels, the anti-no labels activist plan personal harassment of no labels founded nancy jacobs and her husband mark penn they plan to send trucks playing loud music at six in the morning on their street they plan to hijack the ballot line and push extremist candidates to hurt the brand, the practice brand destruction to spread fear, uncertainty and doubt and misuse of funds, whatever it took, get them out of the race.
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ironic that the campaign that said it would preserve democracy would use what appear to be on demographic undemocratic tactics. toward the end of the campaign kamala harris said donald trump is a fascist. if trump when it was the last time we would get to vote. all the time they were doing their best to block and trash another political party, the courts will decide if the attacks on no labels was an unlawful conspiracy but it's good to expose the vicious tactics the left uses when the interest or threaten. the second hour of "varney" just getting started ♪ ♪ kaylee mcghee white joined us these are nasty dirty political tricks they seem to be turning each other apart. >> at them to the list of antidemocratic measures the democratic party with a 2024
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cycle every member what they did to members of their own party such as dean phillips when he dared to suggest that president joe biden needed to be primary because he was too old and when democratic leadership agreed joe biden was too old nancy pelosi stab joe biden forced him out of th, this is not to mention anything that they did to the opposing political party including trying to bankrupting dale jail donald trump pretty goes to show the democratic party has left his intimidation and bullying, this is a playbook that they use a reasonable time when they don't think they can get their way into the democratic process. it's also something american voters in large said we need to put a stop to this november. stuart: in a call scheduled for tomorrow, the harrison tim walz will address the campaign's top donors, adam schiff says entire party is to blame for harris loss, wat watch the.
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>> the democrat party. responsibly myself included in the former president and ineffective campaign you have to give them credit for that. the challenge that we have we need to put forward a bold vision for how we will move the economy forward and make the economy work for every american, the existential question for working hard in america can you still earn a good living into any people doubt that's possible. stuart: have they put out anything like a bold vision for the future? >> adam schiff's own state is part of the democratic agenda gone wrong. if he really wants to take an honest look at what his party has done wrong this campaign cycle he should call out his own governor gavin newsom who wants to make california the center of the resistance to the incoming trump administration, of course he will not do that it's not the democrats policies are out of touch with the american public, their approach has also out of
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touch, they bully and intimidate because they have lost the art of persuasion is exactly what they did to know labels and trump supporters for the past eight years and is what they will do unless they have a real moment of reckoning. stuart: kaylee mcghee white, thank you for being with us we hope you have a great thanksgiving thank you. back to the markets we have a ton of green especially the dow industrials up 430-point nasdaq up 80, s&p 500 half a percentage point jessica with us, donald trump has tapscott bessent for treasury secretary wall street seems to like him does mainstreet like him. >> mainstreet will like scott bessent, primarily it is a relief to mainstreet that we don't have an ivory tower academic and opposition, we have somebody that understands geopolitical issues that has a
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macroeconomic view and understand how business operate. and what i believe scott will be able to do is come in and help of all the policy of donald trump to get mainstreet back to where it is. where mainstreet is now as opposed to wall street mainstreet is in this apocalyptic place that they need somebody that will advocate for him and i think scott is a perfect man for that. let me turn to bitcoin hit approach $100,000 according and got to 99000 now it back up to 953. if it crosses 100,000 do you think has another price target in mind, 150. >> i do, believe it or not since i was talking about in 2019 on the show and 4000 divided, i think the next target is 150 and
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2025 and the reason i believe that i believe trump wants to make the world the bitcoin capital of the world there will be policies, you are see the companies adopting bitcoin as time goes on as a means of commerce. as the integrated morning to society and as the institution continues to embrace it you will see the price move up and keep in mind what happened last week with bitcoin was major, gary gensler resigned, i have called bitcoin the freddy krueger of financial assets because they can't be killed, the government tried to kill it, now i will call the next leg up in bitcoin freddy krueger's revenge when it hits $150 according. stuart: a decent analogy, thank you soon.
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tiktok chief executive has reached out to elon musk for what? >> the wall street journal reports that the ceo wants elon musk's input on tech policy under president-elect trump. he has his ear, how does trump feel about banning tiktok, elon musk has trump severe any also a firm supporter of free speech and he does business in china, musk a-uppercase-letter sell those things. president biden has had tiktok will be banned in the u.s. national security concerns if it's not divested from the chinese ownership by january the 19th which is the day before trump's inauguration, tiktok sued the u.s. government say the band violah, what would trump do, you know the bracelets as iwwi, what would trump do in this case, that's what the tiktok ceo and everybody else wants to know and elon musk might know. stuart: is up for discussion as we speak.
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closing arguments in the antitrust trial have begun, lydia hu with me. how would this play out. >> each side gets 90 minutes to present their version of the case. the focus is on google's ad tools, websites around the world use google tools to buy and sell advertisements on their sites an process. the federal government in 17 states accuse google of gobbling up the competition by acquiring other companies that buy and sell ads and pushing the prices up but google's lawyers argue there is no monopoly, they say the industry is intensele indusy competitive they point to rivals like facebook, microsoft and amazon and google says they're the leader because they're quite complete the best and they will break up the ad and is making headlines. the legal experts are questioning the merits an op-ed
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saying this sort of lawsuit is far more lock until likely to deter innovation and dynamic markets to the detriment of consumers in the american economy. this is one of two antitrust cases being hurled at google. a judge in other case on the google search is an illegal monopoly and there the judge is weighing whether to force google to sell chrome search engine in the android operating system this is part of a larger effort to break a big techie and google. stuart: thank you very much indeed. tell me about nvidia, two dow stocks in the red, one is nv nvidia. has the a.i. model that can modify voices, there is a market for that in the music business and the film business if nvidia decides to deploy it can make a trump bark like a dog, the music was unlike the animal, it can take a piano line and transform
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that into a human voice, this is scary stuff and transformative, will they deploy it, the stock is down 3.4%. stuart: maybe they can give me an american accent when it that be cool. >> what is on southern. stuart: robinhood upgraded by morgan stanley. >> they go to overweight $55 price target from 24. that is a big jump, revenue growth look stronger postelection as animal spirits revive, especially for crypto. >> thank you, coming up, democrats in denial, former dnc says welcome this did not hurt democrats the selection, roll tape. >> the people are too damn woke, that was not an issue. >> i disagree with you. working asked joe concha what he thinks about this, joe rogan went after biden over the
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escalation in ukraine. >> but i don't feel safe for launching missiles into russia, how are you allowed to do that when you're on the way out, people don't want you to be there anymore, we have the full tape, israel and lebanon close to a cease-fire deal, what is casey mcfarlane make of this, we will ask her, she's on the show ♪ (sneeze) (hooves approaching) not again. your cold is coming! your cold is coming! thanks...revere. we really need to keep zicam in the house. only if you want to shorten your cold! when you feel a cold coming, shorten it with zicam (revere: hyah)
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. if you have this... medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could add up to thousands of dollars. medicare supplement plans help by paying
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miners are gone, barrick gold, newmark, anglo or on the downside. when trump announced pam bondi for attorney general, she said she will refocus the department of justice for making america safe again. what is bondi mean for trump's top on crime promise. >> the expectations are high for attorney general nominee pam bondi coming into a department that faced allegations of playing politics for years and democrat and republican administrations will be the nation's law enforcement officer in a country where crime is a problem in big and small she bring something to the table not many others have in the past has estate attorney general she ran the justice system in florida working to take down drug rings in human trafficking. several who know him bondi she is tough and will take a role in helping with the border crisis whether dealing with fentanyl through the dea or immigration judges in the system and where there is a shortage, she's close
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to president-elect trump personally loyal critics say that's not what's needed in attorney general, merrick garland and president biden barely spoken the same room unless someone else was present to avoid any appearance that garland was working only for biden's interest, the current administration was careful, the top three in the new justice department would be pam bondi a trump ally that represented him in the senate impeachment, todd blanche, his personal attorney and his committal trial, critics say they should not be trump's personal l law firm in the department of justice should be neutral trump promise to shake things up. that will exactly happened at the d.o.j. if these are confirmed. bondi may have a lot of critics but she has a lot of supporters in the trump world and d.o.j. officials agree she's a much better choice than that gates adopted last week. stuart: there shaking everything up. israel has reportedly agreed in
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principle to a cease-fire with hazlet and lebanon, casey mcfarlane joins me now, what you make of the cease-fire in principle. >> i don't think there close to an agreement but middle east, europe or asia completely different than one month ago they know donald trump is coming into office and is very quickly moved to fill out the national security team and there definitely people that will go after a very different way of doing business in the biden administration. i think that you see a bunch of things. first of all israel that is taken the wind out of hamas and hezbollah sales, iran has got to be looking at iran the sponsored hezbollah and hamas they have to think we ought to have a peace agreement of some sort because it can only get worse trump coming to be tough on iran, yes is it close, who knows but will
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be close in time, yes, i do think that will be the case. stuart: a ukraine strike using british missiles have reportedly killed a top russian general and 500 north korean soldiers, that's a report. these new weapons long-range weapons could they move ukraine closer to a cease-fire. >> yes in both cases both sides are taking casualties but the real thing that will move ukraine and russia to a peace agreement is donald trump he said is a priority and he will get it done and he will get it done quickly he will force both sides to the negotiating table. the other reason he's got to take the ability of iran and of russiae war, what does he keep saying, drove baby drill on day one, that will be great for the american economy but it'll be stupendous for american energy dominance, that means we will control the price of oil we will control the world
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energy market in russia and iran both need oil at double the price that we can sell it for because it pays for the wars and everything. those two things added together, donald trump with a priority in drill baby drill are going to force russia to the negotiating table and ukraine as well. stuart: if you are being optimistic could you say in trump's first year he could end the war in ukraine, bring peace to the middle east and suppress iran, could he get it done in one year? >> i do think he could especially because of press reports a record now who is ambassador to germany, the dni and what nobody pays any attention to he was a legendary negotiator for bringing peace to cozumel and syria at the end of president trump's term. if rumors are true that president trump is considering grenell as the uk and war he negotiator somebody will devote themselves t
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themselves to getting peace i think things are looking very good for peace agreement, peace agreement is everywhere. stuart: let's be optimistic, kt mcfarland you have a great thanksgiving. see you soon, joe rogan called at the administrative, divided of initiation over ukraine. what a joke rogan say. >> you read president biden is a lame-duck as starting world war iii by allowing ukraine to use long-range missiles to strike inside of russia. >> i feel safer knowing that trump is in office. i feel great about it. >> what i don't feel safer the launching missiles into russia, how are you allowed to do that when you're on the way out people don't want you to be there, they should be a pause for significant action that could potentially start world war iii. intercontinental ballistic missile for the first time ever, the first time those have ever been used. >> he says that the responsible to seek escalation in the waning days of the administration.
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by the way his podcast is the number three most popular podcast of the year according to apple, by the new york times a daily number one, crime junkie which is number two but his interview with president-elect trump most never to listen to on apple. a group of families whose loved ones have died from fentanyl overdoses are calling for crackdown on china, what exactly do they want. >> the families were poisoned by fentanyl have filed a petition with the u.s. trade representative to slap tariffs of $50 billion a year on china as countermeasures were subsidizing the companies to produce fentanyl allowing them to sell it on the internet and ship it with these to the u.s. andrea thomas is one of the family she lost her daughter to fentanyl six years ago, she says china is complicit. >> they incentivize them to grants and other monetary ways
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to encourage them to make the chemicals, there are not people dying in china for melissa fentanyl, yet here we lose hundreds of thousands of people a year. >> 90% of the deadly fentanyl comes from china. >> at least. >> beijing produces dozens that used to make the lethal drug. it is killing more than 200 americans per day in the economic and social cost added up to a trillion dollars a year, this is an unusual avenue to pursue but it serves as a form of economic justice, the u.s. trade representative tells us they are reviewing the petition and they have until sunday to decide to initiate an investigation and after that you can get tariffs and maybe china will respond when you hit them in the wallet. stuart: serious stuff, the state department is reportedly hosting therapy sessions after trump selection when they are supposed to be nonpartisan.
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airbnb owners while other host to join them in blocking out dates around trump's inauguration in washington, d.c., that story is next. ♪ since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities, across 16 states,
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there using algorithms with a.i. software to detect if a patient falls and respond right away,
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the cdc says falls result in $50 billion a year in medical cost with the new technology the use of a.i. stock is up 9%. >> some airbnb host in washington, r host to blackout s around trump's inauguration or hike their rates, grady trimble joins me, they don't like trump in the try to keep people away from the and aggravation, is that legal. >> are legal experts outfox say it could violate the human rights act which bars discrimination based on political affiliation here is the e-mail that you referenced in airbnb hosted fellow dc-based host trying to get them to show trump supporters were committed to the dmv d.c., maryland virginia that we do not welcome hate, misogyny or intentions to take over d.c. that calls for
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owners to blackout or cancel the rental properties on the day before and the day of the inauguration or jacket their rates and donate a portion of the proceeds to a nonprofit that supports liberal causes we reached out to airbnb that says it has exceeded notable uptake in host initiated cancellations and nightly rates for the inauguration are typical for periods of higher demand the company says airbnb connects guests of all political perspectives we welcome guests visiting washington, d.c. for the inauguration and are committed to ensuring this is their experience on the platform. her policy and terms of service make this clear and if we learn of instances where these are violated we take action airbnb points to washington post reporting that only four people have signed up to the host solicitation. it sounds like a small but vocal group of people who don't like president-elect trauma. thank you, now this former dnc chair donna brazile claims
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wellness was not an issue for democrats losses the selection. >> i believe that they made significant gains there is no question immigration became an issue, i'm not going to get into this that the people are too damn woke, that was not an issue. >> cat was. >> that's why you will keep losing. stuart: , then joe concha, was it an issue, wellness or not. >> bill maher showing us he's a voice of reason. he's one 100% right on this one. when you look at exit polls, the transition was a top issue in swing states that went to donald trump, voters do not want biological men competed against biological women in sports they saw what happened in paris where biological mail was pummeling biological females in boxing.
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we see at the high school level with those with biological and chemical advantages men competed against women or girls in sports like swimming amtrak, volleyball leading to many horrific injuries to those girls playing sports, the woke movement as a whole connected with suburban women voters particularly and they did not like what they were seeing out of it and trump supporters are emboldened we saw in the nfl and we saw on the women's golf tour, they're doing the trump dance, that's a big difference between now and when trump 18 years ago those are woke anti-approach you don't know for anti-woke or imposed in they are proud to say it. stuart: i want you to listen to what cnn said about elon musk and vivek ramaswamy new department of government efficiency, watch this. >> elon musk and vivek ramaswamy who are in charge of doge are both brilliant and the federal government has become too
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expensive. the rage that is built up among parts of the republican base over decades has been centered on the notion that party leaders have promised repeal again and again, but never delivered. with doge we may finally get an effort to deliver on the central republican promise of the last 70 years. stuart: wait a minute, he like something that trump did, does he still have a job at cnn? >> is not would be comfortable in the break room, that is for sure. this is another huge difference between 2024 in 2016, donald trump's cabinet and those like elon musk and vivek ramaswamy running the entities like doge to cut rampant waste in government is not a conservative priority is a commonsense priority, normal folks at home want the government random same way one would run a household strict budget, don't spend money
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you don't have, don't buy things and spend on things that you don't need. these two when they get in there to get a cut government waste the same way elon musk, ask, 80% of the staff was going to never run better, you can do it be more efficient at the same time. when we look back at the second trump presidency crating budget surplus like under bill clinton newt gingrich they got to together, if this can be achieved it may be trump's greatest compliment of his second term. stuart: and mary hunter maybe, great thanksgiving for us and your family. >> happy thanksgiving to you as well. the state department has in-house therapy sessions for employees were upset by trump's when. good morning ashley, tell me more. >> good morning what about sniveling snowflakes, back to you. that really says it all, two therapy sessions were reportedly
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held at the state department after trump victory with one amounting to an information cry session. another instance in e-mail went out to agency employees offering a separate insightful webinar delving into stress management techniques to help navigate these challenging times. republican congressman darrell ice of california sent a letter to anthony blinken demanded an explanation and raising questions about future cooperation saying in part, the mere fact that the department is hosting these sessions raises significant questions about the willingness of the personnel to implement the lawful policy priorities at the american people elected president trump to pursue and implement. darrell eisele wants to know how many more sessions are being planned and what about the cost to the american taxpayer, one word, pathetic.
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stuart: really expressing a strong opinion. it was a good weekend. back to you, i have to change the tone, we have heartbreaking video showing an unaccompanied toddler trying to enter the country. watch this. [speaking in native tongue] stuart: more on the human cost of the crisis still ahead. big government environmentalist try to ban recreational vehicles, the full story on that coming up next. ♪
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stuart: some people calling this the bessent rally the new
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treasury secretary or will be of confirmed and wall street like him it is going up this morning the dow is a 420 points, let's check bath and body works, they are up 17% in saw an uptick in sales last quarter and they reported an expected strong holiday demand, 17% higher, more vehicles sitting on car dealer lots for a long time, jeff flock at a ford dealer in penns pennsylvania, how long are the cars sitting there? >> they tell us on average 85 days on average which is up there and most lots look like this it is packed this is john kennedy ford in the philadelphia suburbs, no relation to former president but they are stacked with vehicles, look at the inventory numbers nationwide, it is more than 3 million vehicles in inventory unsold that is most it's been since the pandemic and
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is been growing by 11% almost by 30% and you would think prices will be coming down but they remain stubbornly high, over $40000 for the average transaction price that is up a couple hundred dollars in the last month and a hundred dollars in the last year, where are the cars mainly where are they stacking up, lincoln is 168 days of supply normally you want 60 days, volvo, ram, dodge have doubled the amount supply that they normally would and the experts say that the election is over and all the cars stacking up there could be deals, take a listen. >> a lot of dealerships in particular are under the impression that the election was holding sales back we will find if that is true and i suspect it is. >> the bronco at the ford dealership, 147 days of supply they tell us and that means also the most popular vehicles like
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the f150 which is the best seller, i know what your favorite, deals on that if you were to buy a lightning and electric 1.9% financing for 72 months and i know you're probably getting ready for one of the electric jobs. stuart: i can't wait i'm chomping at the bit. >> 1.9%. thank you jeff for your contribution. you have a good thanksgiving, see you later. six states set to eliminate gas and diesel powered rvs, recreational vehicles this would start on january the first 2025 not that far away, jason rantz has the story that seems to be jacobian and the cutoff point is very, very close, only six weeks away, what is going on. >> what's worse the rv sellers found out about this in mid-to-late october but basically because what the law says in the six states that
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technology is not there the whole purpose of an rv is to drive long distance and get to your destination and live off of it, the battery life is not there at this point there is prototypes right now that are available in this country and one of them can only get 133 miles on a charge, obviously protected about a traditional rv trip that's not going to cut it you a lot of manufacturers
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saying we cannot provide the rv sellers what they need to comply with the law. what we can expect unless something changes dramatically within the next few weeks january 1 she will not be able to purchase any new models of rvs in the six states i hear from january, other states also get impacted. >> that is ridiculous but i will move on, rural counties in california and illinois pushing 260 they want to separate from the liberal run cities because of trump's when we heard this before what are the chances that a succession could actually occur. >> not exact what happened in the pacific northwest every single year in washington and oregon they want to do their own thing and connect with idaho, it generally gets a lot of buzz but it does not have the support in the likelihood because of how difficult it is it's not going to happen. instead what i wish would happen
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this is happening in blue states. i wish the leaders would pay attention i wish the leaders would say there is a clear disconnect between rural america in urban cities can we not come to some sort of consensus on the best way to move forward to all don't care in the rural part of their state, and some point it'll come back to bite them i just don't think it'll happen through succession. stuart: jason rantz thank you very much indeed here's what we have ahead, the media does not know what to do their candidate lost, trump won and now he assembled his cabinet in 18 d days, how is the media going to stop him, how are the democrats going to stop him they reduced to nitpicking that is my take of the top of the hour. ♪
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trump's pick for secretary wants to increase u.s. production by 3 million barrels of oil a day now this woman has received the first fully robotic double long transplant, doctor siegel joins us this morning. explain this. >> is at my place ny langone health is been led by the top robotic monk surgeon and he's been taking little cancers and nodules out with a robot for a while and now it's joined with the transplant institute and the s3 surgeons trained, what's really great about the robot to take out a long, it is less pain, smaller incision and quicker recovery the woman that got the bilateral had emphysema and she had covid so her lungs are damaged and she literally says after the operation, i can breathe better immediately, this
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is the wave of the future getting more with less, get in there with a robot to small areas and you can do a lot more with less and i'm very excited about it. it's what we will see in the future, better imaging, faster surgery, using robot. by the way you can do in a different part of the world and get operate from across the continent with someone else in attendance overseas. stuart: that is a breakthrough, good stuff a new study with the side effects of weight loss drugs ozempic and will goby could actually shrink your heart muscle, that does not sound goo. >> we've been covering both sides of the issue along side with her weekly all timers which we will have time for today. here's the thing the great drugs, some ugly tide, they're doing everything well, losing weight, diabetes, decreasing
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alzheimer's, cognition, the really promising with inflammation, one thing people are worried about what about muscle, we know you lose muscle mass. i want to reassure the study in alberta was does in mice and it showed that they lost a lot of weight over 21 days and they lost muscle in the heart decreased somewhat. i don't know if that'll reproduce in people. i have no idea whether that will have any effect at all, is something we need to watch. we do a lot of studies in mice is something that says no free lunch in life you have to keep an eye on side effects, that is all. stuart: were studying the side effects of weight loss drugs we don't have conclusive answers yet do we. >> not long-term that's exactly why you are highlighting this today and you have an amazing executive producer back labor highlighting this we want to
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make sure to track this not just in mice but humans as well. right now i'm incredibly impressed with the drugs but i don't give them to everyone i give them to people who i think really need them. stuart: doctor siegel have a great thanksgiving we will see you soon. >> happy thanksgiving. still ahead steve forbes and developing countries at cop 29th asking for $300 billion a year they are not likely to get, jason katz on the market rally all about scott bessent oklahoma governor kevin stitt on how is helping trump with deportation in general jack keane reporting for the cease-fire in lebanon with hezbollah the 11:00 o'clock hour is next. ♪ will
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