tv Varney Company FOX Business November 25, 2024 11:00am-12:00pm EST
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>> i look at it as what could i buy for $1.9 trillion. buy every stock in the russell mid cap. >> turn off the spigots and people saying it might be time to return to the home country. not going to be everybody, but enough to kind of take some of the pressure off. >> we're going to replace government mandates and regulations with free markets. i mean, who doesn't like -- who doesn't want that? >> all the democratic party has left is intimidation and bullying. this is the play book that they use every single time when they don't think that they can get their way ♪ ♪. ♪ stuart: always a very good song to play at beginning of the h hour. >> monday, november at that time on the markets and dow is holding on to the rally and it's up close to 400 points still.
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we do have a sort of coming back a bit from the s&p is still up 22 points and nasdaq was up over 100 and now up over 78 and plenty of green left on the left hand side of the screen. we have alphabet, amazon, and microsoft up. check the 30 -- sorry, the 10-year treasury and yield down substantially so too. below 430. keep an eye on bitcoin. we waited to see if it crosses the $100,000 level and backed off to 96,000 ask very small change. any moment now, the white house will host the annual turkey pardoning ceremony. president buyen will spare two lucky turkeys from the thanksgiving table. peach and blossom. where'll wing it to you -- we'll bring it to you when it happens. now this.
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the democrat candidate lost and trump won and he's been able to assemble his cabinet in 18 days and how to stop him and reigns leading cyst? they have 2340 clue. they're realizing that trump will get his way and they can't stop him. they've been reduced to nitpicking, sniping from the sidelines. washington post, sharp elbows and raised voices inside trump's bumpy transition, really? that's all you got? trump announces his cabinet in 18 days and it's a bumpy transition. another one from the washington post. sexual misconduct allegations didn't stop trump picking these candidates. they just have to bring it up, didn't they. anything to slime the emerging administration. this one's ominous. the new york times: trump is running his transition team on secret money. shocking, but did the times say much about the $20 million the biden family received secretly from china? the washington post, pete hegseth's army unit in iraq was rocked by a war crime's case.
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npr: peter hegseth's tattoos are raising eyebrows. according to abc news: that tafanely too made him a -- that tattoo made him an insider threat. washington post with this: trump's health picks largely untested in fighting disease outbreaks. it never stops. every appointee will be undermined, all pillared just for being picked and biden's cabinet members picked for identity. any standout successes? it wasn't exactly a star-studded bunch, was it? trump picks people who have demonstrable success to be aced and every day a litany of nitpicking, whining and voters see through it. latest cbs poll show most people approve of trump's presidential transition. 59-41. trump is winning, the media is losing again. third hour of varyny starts now. varney starts now.
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stuart: steve forbes with me this morning. you're familiar with presidential politics and why is the media intent on nitpicking trump? they can't stand hip, can they? >> that's true. it's powerlessness and didn't have the right policies during the campaign and haven't phased up to that yet and more vigorous and bold and nonsense on spending and crime and shalls and dire straights around the world today. that's a record. stuart: yes, it is, actually. he hasn't got them all through yet. that's a record for doing it quickly. that's for sure. we have this cop 29, the u.s. and other countries, rich countries that s they've agreed to triple their funding for climate change projects and they're supposed to spent at least $300 billion a year given
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to developing countries by 2035. it's not going to happen, is it? this green stuff is fading, isn't it? >> this colonialism and don't develop your own resources and alternative sources of energy, which don't work. highly expin sieve and hurting their development. never buildup before and a lot of other priorities to waste one penny on stuff that doesn't work is absolutely a disgrace.grace. stuart: it's a bust because trump siddhis withdrawing from the paris accord. >> they don't like it'll be a big source of budget savings, a lot of green schemes that were started under joe biden: stuart: okay, we understand where we're coming from, steve. all good stuff. get to the markets, please. monday morning and seeing plenty of green.
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dow up nearly 400 and nasdaq up nearly 100 points. >> the rally in bitcoin and rally in equities they're not mutually exclusive and they've thrived coexisting and bitcoin called a lot of things but call it what it is: it's a risk asset and as a risk asset, it goes up and will come down. now, i'm not suggesting it's beginning of the end. i think trump 2.0 and the pro crypto agenda will be very good at least in the short term for crypto. but if we give a draw down 10, 20%, i wouldn't bat an eyelash. it's happened before with crypto and happens again. i don't think it happens with equities however. equities next year, might have a few bumps in the road and 10% upside for the mayor market.
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>> stocks and bonds are rallying as well and he's con striod as the voice of reason. somebody that's tempered in his approach and he's been very public about his comments that number one, tariffs should be a negotiation tool and number two, he's a wall street guy, a hedge fund guys he has a score card and measured by success every day on wall street. you think he wants to see the economy falter? you think he wants to see the stock market go down? i don't think so. i do think he's the pro growth cohort and going to help trump and company. stuart: we'll take t jason. thank you for joining us. i want to go to the white house because i believe the white house annual turkey pardoning ceremony is about to take place. president biden is sparing two turkeys from the thanksgiving table, peach and blossom. peach is a 40-pound bird and
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traveled from minnesota to the capitol and spent last night at ritzy hotel and after the day -- do you need to know all this. after the day, they'll head back to minnesota living out their lives as ambassador at agricultural center. they're in the process of being saved, i generation winter storm you could say. we're going to move on. we've been telling you about -- he's still talking. telling you about increase in demand for data centers and i know a lot about this and it's a big deal. data centers needs power to power these artificial intelligence and how much energy do the data centers need? >> these data centers use more electricity than some cities. they could even use more than some u.s. states so with a rollout of ai, we are looking at facilities need ago gig watt or more of power. 1 billion watts around twice the
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consumption. that's the u.s. holds or 1.8 million people and existing energy infrastructure is almost tapped out especially with the retirement of coal and nuclear and push for sustainable energy and going to take time to come online and will not go for the near future meet the demands and it's not just energy, stu, it's land because these things take up a lot of space. u.s. will be building data center campuses and learning 500 megawatts or more through the 2030s or 2040s and that's according to bcg and they're comparable to about 350,000 homes so a ton of land, a ton of energy as well. stuart: so much electrical activity going on and generates heat and how do you cool it down
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to keep it going? that's the big argument at the moment. >> that's a big problem. stuart: i like to do a big report. i know something about it strangely at the moment. thank you, madison. coming up, new reports say a top russian general and at least 500 north korean troops killed by british storm shadow missiles. are these weapons a game changer in ukraine? general jack keane will tell us. texas dps posted this video of unaccompanied 2-year-old migrant sent to the u.s. with only a no [speaking non-english language] stuart: just makes you want to cry, doesn't it? bill melugin has a report from the border. bill is next. ♪
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consider adding this. call unitedhealthcare today about an aarp medicare supplement plan. stuart: abortedder patrol stopped a group of more than -- border patrol stopped a group of more than 200 migrants in eagle pass, texas, sunday and dozens unaccompanied children. bill melugin is there in eagle pass. one of the children was just 2 years old; is that right? reporter: stuart, good morning. shockingly, yeah. it was just a 2-year-old little girl traveling completely alone much she was part of a groupf more than 200 immigrants and this was a group that texas dps encountered yesterday morning in eagle pass and part of the group there's more than 60 unaccompanied children and traveling alone and no parents
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or guardians. texas troopers encountered the kids and different states they want to go to texas, florida, california, missouri, washington, many others. you mention that had 2-year-old girl, stuart, from el salvador, completely alone and had one of those little pieces of paper and she talked to a texas trooper. take a listen. [speaking non-english language] reporter: also mixed in with that group of 200 was a handful of illegal immigrants from the african countries of molly and
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angola and showing that people from all around the world. that includes these guys and take a look at this picture last week in eagle pass, texas troopers arrested a group of men from afghanistan who crossed here illegally. special interest and security concerns and receiving them. lastly take a look at drone video and texas troopers provided to fox showing here in eagle pass, texas dps running mass migration drills and this is to deter any mass rush or migrant caravan that may happen at the border before trump takes office and the idea being there's no red carpet that's going to be rolled out here in texas. if you crossed illegally, you'll be pushed back or repelled or apprehended and back out here live, the incoming border czar for the trump administration, tom homan, visiting here in eagle pass tomorrow and down here with texas governor greg abbott and they'll both be shaking hands of texas soldiers and troopers trying to secure
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the southern border for the last few years and despite the open border policies of biden administration. back to you. stuart: bill, we'll take it. bill melugin right there. thank you, bill. joining me is the governor of oklahoma. kevin stitt. governor, your state will help trump with de-propageses. what are you going to do -- deportations. what are you going to do? >> calling operation guardian and found out526 inmates in our oklahoma prisons that for criminal activity, they're here illegally, but also in prison in oklahoma for criminal activity that's un-related to their immigration status. so we want to work so day one in office president trump can get them out of our prisons, get them out of our state, and it's just common sense to us. what i just heard there about that 2-year-old girl just unbelievable to us in oklahoma. stuart: it's disgraceful. just appalling. makes you want to cry quite frankly. now, what about other illegal migrants in oklahoma? what role do they play in
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oklahoma's economy? if you deport them, can you afford to lose them? >> first off, we're starting with people that are criminals and that's the first thing. get them out of the state and let's secure the boarder and trump will do that day one in office and then we want to look at immigration reform so if there's someone for example that's on an education visa that's in our universities and we want to convert that to a work force vi kansas city chiefs. if you want to chase the american dream, pay taxes and you've got a reason to be here and you're employed, we want to figure that out. but it is just a no brainer to start with the criminal activity, get them out of our states and we want to be ready day one in office because unfortunately the biden harris administration did absolutely nothing for four years. stuart: earlier this morning on this program, congressman byron donalds suggested shutting off the spigot of free benefits for migrants. is that something you're
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considering? >> that's very interesting, 100%. if you think about it, all need people coming into the country illegally, they're not u.s. citizens and yet pressure on our healthcare system because in america, row know, our hospitals are require -- you know, our hospitals are required to triage people and give them healthcare servicers and people are coming in for healthcare and trump won in a landslide i think because he's talking common sense. what type of person thinks we should have open borders and unlimited access to our resources that are here for the benefit and the well being of u.s. citizens. again, we're so thankful we'll have law and order return to the white house in january. stuart: governor kevin stitt, oklahoma, thank you for joining us, governor. always a pleasure. have a good thanksgiving. >> thank you. stuart: mayor of denver, colorado, pushing back against the pass deportation plans. ashley, what is he say something ashley: major mike johnson is
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en-- mayor mike johnson encouraging people to protect president trump's planned deportations. in fact, he says rejecting colorado says he's willing to go to jail to make his point. here's what he told the local reporter, listen. >> trump's new border czar tom homan said he's willing to arrest leaders like yourself for standing in the way of these policies that they want to enact. would you be willing to go to jail for these thing s? >> yeah, not afraid of that. also not seeking that. the goal is we want to be able to negotiate with reasonable people how to solve high problems. ashley: yeah, i'll go to jail he says. mayor also said he believes denver residents will participate in civil disobedience if trump moves forward with the deportation campaign ask walked back a previous statement that he'd have police officers stationed at county line to stop federal forces from coming in saying there's no plan in place yet but
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city leaders by the way say they'll come up with one before trump's inauguration. no help from denver apparently. stu. stuart: got it, thanks, ash. new york is closing down a dozen migrant shelters just in the next few weeks. why now? >> they're closing them down because they're seeing less migrants come into new york city. they've had a declining number for quite some time now. and it's because these shelters in particular were outside of new york city. that's when the city was at its peak. they desperately needed other places to house people and take ago look at map and 12 migrant shelters closing down and ten in albany, duchess, erie, orange, and west chester counties. these shelters were put outside of new york city but paid for by the city because we ran out of space here. there's tens of thousands of migrants living in new york city and we're looking at 58,000 migrants that are currently in
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210 taxpayer-funded shelters across new york city. without policy change, taxpayers paying $12 billion over the next three fiscal years and mayor adams not come out and said whether or not he'll work with the stuart: 12 billion? we don't have the money. united health, caterpillar, they're all up and account for 226 up points on the dow industrials. coming up, black friday used to be one day of major sales and now some retailers are discounting items all month long and boosting sales and moving towards ceasefire deal and hezbollah in lebanon and retired
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four star general jack keane and what that might mean going forward. the general is next. ♪ ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes...
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stuart: quick check of the market and dow up 380 and nasdaq with a gain. what's going on with macys, ashley? ashley: big story and forced to delay third quarter earnings after a employee apparently hid up to $154 million in delivery expenses and macys said, we didn't discover the accounting issue on one of the accounts while they were preparing to release quarterly financial statements. issue looking at palantir and stock hit ago high and price target to 75 for 55 and siting accelerated growth and bank of america and expecting palantir to see 34% commercial growth over the next three years.
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stuart: hezbollah moving to a ceasefire agreement in lebanon. alex hogan in tel aviv. what are the terms of the deal please, alex? reporter: hi, stuart. this deal would include a 60 day pause in fighting and would guarantee the israeli force withdraw from lebanon and hezbollah fighters re-street further away from the border and would also mean that the lebanese army creating a buffer on separating israel and hezbollah further. there's progress in some and the prime sterling heights office and hezbollah weapons reed from the boarder and israel wants to strike hezbollah sites in lebanon if they believe the
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militant group will violate the agreement. >> it's important that hezbollah not allowed to come back to defense and do whatever is necessary to win. reporter: yesterday was a critical day and heaviest bombardment in weeks and launching 250 rockets and missiles towards israel on sunday alone. last week washington sent u.s. special envoy to hammer out some detail of the ceasefire and lebanon's debty speaker -- deputy parliament told reuters there's no serious obstacles left after one was agreed upon in the last day ensuring there's
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a five country committee for the ceasefire, which would include france and u.s.. there's a lot of focus on when this will come to fry wigs but again, there's a lot of positivity from both sides there's efforts underway to make this happen and israel's cabinet is reportedly going to meet tomorrow and comb out some details. jowski retired four star general jack keane. what do you make of this agreement in principle, sounds positive. what say you? >> yeah, this thing has a lot more legs on it than deals we've seen many times and, you know, with hamas and gaza area. reason is for a couple. when israel puts pressure on lebanon and de-capping for the leadership and still on going row moving majority of long range missiles and some degree
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of rockets through devastating air campaign, then the third thing going in with troops on the ground, getting all the hezbollah out of the southern area where they were firing into northern israel and weapon storage and weapon sites and alo to include tunnel complexes and that's helped the force hezbollah to negotiating table and something significant, stuart, and a bit surprising and iran pushed hezbollah to make the deal. that underscores what we've talked about before that iran is back on their heels and both proxies are losing and obviously hamas and hezbollah they've iran.
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the sticking point will be what alex mentioned and that is israel wants to be as part of l deal, if they see hezbollah about to conduct an attack, they have right to evidence of infection tack them preemptively part of the deal or moving troops back into the southern area, they can attack them. this is pretty similar to the deal un resolution 1701 after the first war. peace enforcers to keep hezbollah out fails and israel suspects that the lebanese army fails and that's to keep hezbollah fighters out. that's why israel wants to be able to go back in there as part of the deal and we'll see if they're able to achieve that. stuart: a top russian general
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and 500 soldiers have reportedly been killed by a british made storm shadow missile. general, could this weapon make a real difference in ukraine? >> yeah, this is the attacking weapons system and long range weapons system for awhile. they've used them in crimea quite effectively and now being used because of biden administration they're command and control with infrastructure with this bid quite effectively and we'll see finally what gets confirmed out of this but there's no doubting in is take place and likely to include north koreans and we want this
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the ukrainians to do this effectively as here. >> president trump's pick for national security adviser congressman mike walz, he's comparing the war in ukraine to >> it's a meat grinder of people and personnel on that front. it's like world waxer i trench warfare and president trump is incredibly concerned about the carnage that is taking place there with all the allies and partners carrying in burden going forward. stuart: general, more like tamp warfare and world war ii. what do you say? >> yeah, there's been warfare and russians trying to take a city for eight months, 30,000
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casualties a month -- last month and 57,000 using mechanized forcers to attack slowly and grinding and making some tactical process and not a lot of operational names and it's a high-tech war. you crane using the same and drones changed character of war. ukraine with two forces fighting on the battlefield and they have mechanized come pined armed forces and drone force separated from it. organized to do all of the attacks and they have produced inside ukraine 1.4 drones and technology in the war is changing the character of the war all though representative walz is also right. many of the characteristics of
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it that go back to other wars in terms of difficulty of mechanized forces to move and move effectively. why aren't they able to move effectively? not so much because of the trenches. it's actually because of the drones that are killing them. stuart: what a change. general, hope you have a good thanksgiving. see you soon. coming up. what columbia pembertoned martin scor se to tell the stories of the saints. >> it's extraordinary people that stood up to injustice and cruelty and risked their lives to help other people. stuart: we'll find out which saint is the favorite of our resident theologian jonathan
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they're extending black friday shopping deal this is year. # which ones have already started? madison: yes, yes. amazon, wal-mart, target and macys started weeks ago. wal-mart two week long black friday on november 11 and second round today, this is week two and discounts on tvs, iphones, jeans and black friday launched on thursday and home depot's black friday savings offered from november 7 to december 4. this is acritical time for retailers and it's the busiest time of the year. national retail federation forecast that holiday sales reaching almost $1 trillion in november and december. it's a big number but the rate of spending growth is 2.5 or 3.5% and that's the slowest rate
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since 2018. retailers are starting sales early to get inflationary shoppers spending earlier but also because this period between thanks giving and christmas is so short this year. so thigh needed people to start -- they needed people to start shopping earlier to get them in. all the crazy shoppers rushing wal-mart the day after and it's now days in advance. stuart: more online sales on black friday than in store sales. we shall see. way. stuart: nearly 80 million people traveling for thanksgiving this week and 18 million flying. steve harrigan is joining me. what is the tsa doing to prepare? reporter: stuart, they're beefing up tsa and screening points as early as 3:00 a.m.. their goal here and across the country is getting people through screening within 30 minutes and so far today, that's been happening but you mentioned 18 million travelers up 5% from
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one year ago. it's been traditional the worst days for flying around thanks giving and wednesday before and sunday after and some experts say that's changing. >> family with kids are taking off on tuesday instead of wednesday and instead of coming back on sunday, they're coming back on monday. reporter: weather here so far good and no cancellations or delays but southeast may be hit by snags and that's due to a strike at charlotte airport for airport service workers and demanding higher wages. stuart, back to you. stuart: thank you, steve. now this, shoppers seeing a sharp rise in price of eggs. ashley, you want to deal with this? what's going on? ashley: yeah, you can blame the spike in avian flu cases and of course rising demand with the approaching holiday season. according to the consumer price index, egg prices at the grocery store are up 30.4% in october.
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that's compared to the prior year. of course increase demand from holiday cooking makes egg prices more volatile and supply of eggs down, avian flu, which is spread through wild birds has been hurting the egg supply now for nearly three years and virus killed 108 million birds, 75 million of those were egg laying birds. that's 8% of the nationwide supply. as for prices, the average cost of a dozen wholesale large white eggs on new york wholesale market for instance: $4.23 as of november 15th. last year around the same time, it was $2.43 a dozen. that's a 54% increase on wholesale eggs and those prices not expected to come down any time soon. beyond that, it's going to be expensive. stu. stuart: we'll do a one egg omelet instead of three. that's the way it goes. thanks, ash. it's that time, checking dow 30
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connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. an aarp medicare supplement insurance plan from unitedhealthcare. 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 some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare now and ask for your free decision guide. medicare supplement plans also let you see any doctor. any specialist. anywhere in the u.s. who accepts medicare patients.
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take charge of your health care today. consider adding this. call unitedhealthcare today about an aarp medicare supplement plan. stuart: the saints presented on fox nation by martin scorsese and latest episode all about john the baptist. >> in the riveg from? >> jerusalem. >> leading the way. >> how much longer will you let this filth stay alive? stuart: resident theologian
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jonathan morris is with us. who's your favorite among all the saint s? >> you booked me probably because it's john far from whae seen my favorite episode of martin scorsese the saints. stuart: why? >> let me tell you why because john the baptist was a mess. he would have been canceled in a second in our day. what if we could go back and live during that time. a guy that was an exceptional leader and most of my work was executive coaching and privately-owned businesses and he was an amazing leader and this guy had a vision, but he was also fraught with all sorts of human ex-centricities i would say and he was in the desert eating grasshoppers and people frocking to him because he said the truth, not necessarily nice things and people were curious because they knew life without truth was not worth living. john the baptist and scorsese
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here hits it on the nail. he was very human, and he was in the family business, the hardest of businesses. he was jesus' cousin. and he had a very specific role. it was to say this is the messiah, it's not me. and he did it. that's a hard job. it was courage, it was clarity, but it was also humility. stuart: didn't he straighten the path of jesus 124 >> yeah, that's what the scripture says. he straightened the path meaning do what jesus tells you and it'll go well for you. stuart: i have to leave time for this, you know what's coming, there's a church in switzerland that's equipped confessional booths with ai version of jesus. what do you make of people talking to ai jesus, jonathan? >> all right. if it's in a confessional booth, that's another thing. but talking to ai jesus, totally fine. in other words if that ai, if that artificial intelligence is infused with the truth of the bible, maybe it's a different way for somebody to encounter
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that. the problem is when ai is pushing an agenda. if this ai jesus is telling you, stu, stu, you don't have to change anything. you're perfect. stuart: exactly. >> i am jesus and you're close to being jesus. i have a problem with that. intelligence using the bible to express truth, awesome. put them in a confessional. madison: it's in a confession cl though. >> i dote it. i dote it. maybe in an english church stuart: cheap shot. not not much confessional in the episcopallen church. >> no, the got rid of that. stuart: this is the monday trivia question: how long was the first thanksgiving? one, two, three, or four days? the answer when we come back. ♪
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four, the answer is three days, you want, the first gaze into thanksgiving from plymouth massachusetts was sometime between september and november in 1621, additionally turkey likely was not on the menu at the first thanksgiving, now you know, three days. >> that's interesting. >> one day of solid eating is what we do these days, thank you for being on the show, good stuff indeed, congratulations to brighton for the siegel's wanted a boring day. they lost at home to the spurs, what a week it was time is up, look who's here edward lawrence from "coast to coast", what you got. >> we're going to talk turkey this hour also. >> happening now stocks soaring to kick off this thanksgiving week in the trading week o
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