tv Varney Company FOX Business November 26, 2024 11:00am-12:00pm EST
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and put tax-free cash in your pocket. it was the best thing i've ever done. really? yes without a doubt. these folks know, finance of america can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. it's a good thing! so look, why don't you get the facts like these folks did and see if a reverse mortgage could work for you. call finance of america and get your free, info kit. call this number. >> the market believers the negotiating tactic and with canada and mexico, they believe it'll be effective and i don't believe there'll be a tariff imposed.
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>> politicians in the communities looking to secure a vote rather than actually secure the communities from criminals. it's political. >> tariffs don't happen in a vacuum to part othe comprehensive stat jim jordan to promote manufacturing in the u.s.. >> those countries need them more than we need them. he puts those in place and countries adjust and he can adjust the other way. >> choosing a lot of new faces and that's a reason and he understands the degree of which the country is demanding dramatic change. stuart: you're laughing because that's my favorite song. ♪ ♪ stuart: it's the answer of all narcissists, i want to talk about me.
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11:00 eastern time and tuesday on the market and nassau county i did loss for the dow but most accounted for by one stock, am general. mod -- amgen and big tech doing well, microsoft, amazon, apple, alphabet, nvidia and microsoft up $7. that is 1.7%. don't you love it. check the 10-year treasury yield going up, 4.21%. now this. more biden harris attempt to knockout donald trump's candidacy failed. jack smith spent $50 million to prosecute him. what a disgrace. it was a case of election interference and deliberate attempt to use the courts to beat a political opponent. it's the kind of thing we associate with dictatorships and democrats so hated trump they were prepared to go around the constitution, the supreme court straightened them out, our
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democracy works. in new york, da, democrat alvin bragg, and attorney general, democrat, letitia james, bent and twisted the law in another deliberate attempt to knock out the republican presidential candidate. day after day, in middle of the presidential election campaign, trump had to sit in court while james sneered at him. then-over a very dubious bookkeeping charge, fined over $400 million. they're trying to bankrupt him. even put him in prison. do these people have any idea what they've done to the reputation of new york's judicial system? trashing, bad reputation and grossly unjust and the damage goes far beyond trump. bragg consistently freed criminals to roam the streets, walk around the city and you see it all the time, genuine fear here. here we have the president elect facing prison time, but known criminals walk free.
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citizenslike daniel penny are chachacharged with manslaughterr protecting train riders. it's time for serious change, this must not happen again. third hour of varney starts now. ♪ stuart: guy benson with me now. lawfare tactics have failed and have the democrats learned anything from this? >> i don't think a lot of lessons are learned in politics anymore, stu. maybe for a hot minute a technical term, a hot minute might second guess some of the things they did, and i do find it very interesting. have you noticed how it seems like the entire center left has simply move on from all the court cases against trump? forget the documents in court and dismissals and in terms of emphasis and priorities, they've put it in their rear-view mirror and in many cases, especially
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new york, the whole point wasn't to seek justice. the whole point was to stop donald trump from winning an election. then he won the election. that's not how the judicial system should be used and criminal justice and use that had way and tried and failed and a lot of others think that's a good thing. stuart: take the populous working class proposal at his word or proudly supports tend to. guy, does old fashion liberalism, id politics, is it dead? >> no, it'll come back. what they're doing is cynical and they'll prove me wrong and read the piece in politico, they're going to pretend to support him on a few things and his ideas might align with theirs with the expectation that
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he won't be good enough and expose as a fraud and attack tooth and nail again. one take away here, stu, that's what interesting going into the trump term and does feel like for the moment hold the thought and at least for the moment, total resistance as an approach is dead. they realized they can't do what they did, 11 out 06 ten, screaming hair on fire about everything i think it's cynical and not totally authentic and it's better than in early 2017 for example. they're exhausted by it and realize it had didn't work just like the lawfare. stuart: they don't know quite how to respond to trump. he's driving so hard so fast going forward so rapidly that they don't know what to do. that's where we stand.
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>> and also -- stuart: go on. >> and i was going to say he wn so convincingly and changes the calculus a bit. stuart: exactly. guy benson, have a good thanksgiving. thanks for being here. >> you too. stuart: checking the markets, split decision, dow is down and nasdaq up 109 points. with me now is capital chairman thomas hayes. trump wants to impose a 25% tariff on canada and mexico just to stem the flow of drugs and migrants across the border. it's major tariffs and how come the markets aren't selling off? >> number one, not only mexico but also canada is going to pay for that wall is happening. canada had a free ride and all the people we've rejected go through canada and it's like a sieve. this is his ask and it'll come down and look at china tariffs and 10% more but there was a caveat. because you're not imposing the
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death penalty on fentanyl smugglers, we are putting this 10% tariff. that's a lot lower than advertised during the campaign. china stocks up overnight on that and it's more moderate and i think this whole fear about tariffs, stu, we're at the lowest tariffs in more than a century we had higher tariffs under under carter than trump and there's duties on it and going under carter and clinton and going back to 1918 and increasing tariffs with a growing economy before holly and this is a misnomer of history and putting tariffings on the market crashes and you have a 10
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year runway at least and we're starting at a much lower base than we did in 1918. stuart: you brought stock pick withs you and i want to concentrate on one and that's generac. >> yes. stuart: i have a generac generator and i like this thing. >> no question about it. everyone needs a generac generator and we came on the show in august and stock was $137 and up to 189 today and some 40% since then. this is going to go not only over 200, it's going to keep pushing higher, 250. this thing was close to $500 stock during covid and have 70% of home stand by generator systems and you're not the only one but hurricanes and strain on the power grid. they're the only game in town and kleenex of home stand by generators. stuart: nice analogy. tom, good to see you. thanks for being with us. have a wonderful thanksgiving. >> thank you, you too. stuart: staffing shortages blamed for big delays at newark airport in new jersey right before the holidays.
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lydia hu is there. they don't have enough air traffic controllers, lydia? is that it? reporter: yeah, there's a shortage of air traffic controllers in philadelphia and that's having a ripple effect across the region and hundreds of flights delayed into newark yesterday and delay as long as three hours and talking to travelers here today and heard about the travel night marry from yesterday and one of them feeling about getting on a plane now. reason. >> i have friends that had to stay the night last night. so i'm hoping that doesn't happen to me this morning.
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>> but the faa is forecasting the problem to return here to newark. reporter: also jfk and la guardia, which does not bode well because tsa is preparing for what is expected to be the busiest thanksgiving travel week on record for them. they'll screen more than 18 million people starting today going through monday and busiest travel days going to be today and tomorrow and sunday after thanksgiving.
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>> especially in new york city, 9/11. we didn't communicate democratic governors and mayors of sanctuary cities are shielding criminals and terrorists. stuart: could we ever see the democrats abandon those policies? new york guy jon levine takes it on a little later in the show. first, a ceasefire deal between israel and hezbollah in lebanon reportedly imminent and terms favor israel and does victoria coats see it that way? she'll tell us because she's next. (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james.
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stuart: president elect threatening to put tariffs on china, c canada, mexico. all on notice. have any of them responded to trump's warning, hillary? reporter: good morning. stuart. canada and mexico responded to trump's tariff's threat and justin trudeau spoke to trump saying it was a good call and talked over intense and effective connections between the two countries. mexico president said she's sending trump a letter but threatening tit for tat and so obanya on and trump made the late night announcement on truth social that tariffs are coming their way and trump doesn't feel like the neighbors are doing much to stop drugs and criminals from coming across the border. trump is slapping canada and mexico with a 25% tariff on all products saying "this tariff
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will remain in effect till such time as drugs, in particular terrorist fentanyl and all illegal aliens stop inviting our country. trump and mexico have the right and power to solve this long simmering problem. we hereby demand they use this power and until such time they do, it's time for them to pay a very big price". democrats warn that ultimately americans will be paying the price of these tariffs through higher prices. >> he apparently thinks tariffs are more beautiful word than love, and he means what he says. when the practical consequences are known to consumers and seeing higher prices of goods, i think the reaction is going to be hugely negative. reporter: mexico's president is pointing out that some of the biggest exporters are like general motors and ford.
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stuart. stuart: thank you, hillary. reuters reports that president biden and emmanuel macron announcing a ceasefire between israel and hezbollah imminently. victoria coats is a security expert and joining me now. iran wants hezbollah to take the deal. is that how you see it? >> good to be with you, stuart. all very interesting and a bit of kick the can down the road and notice the terms of the deal for 60 days and that's not a number chosen at random. gets us right to the other side of u.s. ingnawing ration in january and i think they're -- inauguration in january and trying to calm things down as much as possible between now and then. the key provision is israel retains the right to act against hezbollah if the lebanese armed forces don't deep that under control and that's got to be the key piece because the laf
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unfortunately have been infiltrated by hezbollah and no tremendous amount of confidence in their ability to police hezbollah and israel has to obtain that ability. stuart: would this happen if trump was not been elected president? >> hard to tell. the old sheriff is about to become the new sheriff and they know where he stands on israel issues that he was un-abashedly the most pro israel president in the history of the united states. what he got for that wasn't regional conflict the way we're seeing now and got the abraham accords and first peace deals in the middle east in 25 years and i think everyone is kind of on notice that's coming back. as i said, i think they're trying to get through the transition with as little friction as possible. it's what the president elect said he wants, but i don't know this is going to be the key for a lasting piece between israel and lebanon.
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stuart: researchers claim that north korea is expanding a weapons manufacturing plant and assembles short range missiles going to russia. what does north korea get in return for helping russia with missiles and all these troops that are now fighting in ukraine? >> yeah this, is really where i feel like we're slouching towards world war iii, stuart. we have short range missiles going to russia and shock troops and bands of houthi terrorists who are iranian proxies from yemen going to russia and perhaps under false pretenses and they're on the move as well and iranian drones going in and russian equipment going to hezbollah and israelis found some of that in the terror tunnels underneath the northern border and we've got a lot of things moving around and all seems to be happening because china tells it to. at this point, north korea is almost entirely dependent on china and there's no other trade
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or financial partners. iran and russia also are increasingly dependent and so i think what you see is china moving the pieces around on sort of which he is board trying to keep the united states distracted and tied up as much as possible. that does start to teal like a global conflict. stuart: how does donald trump get to bring about peace in ukraine very quickly? >> i think through what he said. through rapidly increasing u.s. energy, productions and we become the dominant exporter ins world and don't need russia as much anymore and he can put a lot of economic pressure on russia to get them to the disable to get a deal that's favorable to kyiv and washington. stuart: got it. victoria, thank you for being with us and we always appreciate it. see you again soon. >> thank you thanksgiving. stuart: republican senator mark wayne mullen just blocked the promotion of an army general. ashley, what's the problem? ashley: good question.
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senator mullen has not responded to questions on why he's blocking the promotion but the republican from oklahoma blocking that of u.s. army lieutenant general christopher donahue and he commanded the military's 82'nd airborne division during the u.s. withdraw from afghanistan and very last american soldier to leave the country back in 2021. the pentagon said it's aware of hold on donahue has been nominated for a fourth star by president bide ton lead the u.s. army in europe and africa. president elect trump and his allies lambasting the u.s. military withdraw from afghanistan and vowed to go after those responsible for it. we should point out under senate rules it takes one lawmaker to hold up even if the other 99 moverring along quickly and we'll find more as it develops.
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stuart: a major ruling on tiktok as soon as next week. what's at stake? >> the whole app and whether or not byte dance, the parent company, will have to divest from tiktok by early next year or face a ban in the u.s.. president elect will not ban tiktok and app used by 170 million americans but the justice department said tiktok poses a serious national security threat because of access to personal data of americans, 170 million of them and because china could covertly manipulate information that americans are shown on tiktok. a couple things could come out of the rule and the court could uphold the law and uphold the law saying it's being unfair to tiktok potentially requiring the u.s. government certifying it's a national security threat and would delay a ban. or the court could rule that the law is unconstitutional and
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violates american's free speech. time will tell. we'll bet one of those three. stuart: one one of the three. has to be something. >> big for tiktok users and americans love the app. highly addictive. stuart: imagine the political price paid by the party that bans tiktok for younger votes and they'd pay a price. >> might be why trump came out saying i'd not ban it. stuart: he know it is. tanks, madison a check of big winners on s&p 500 and still on track for another record close. nrg, consolation energy, eli lilly, western digital and they're on the list and up big time. coming up, a new warning from the nypd, venezuelan gangs are trying to recruit children. we'll tell you how they infiltrate migrant shelters. alec baldwin says americans are uninformed. >> americans are very uninformed about reality and what's really going on.
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with climate change, ukraine. stuart: why does he go on foreign soil to talk down to americans? the new york post jon levine takes that on. jon is next. ♪ when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house,
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we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on a deployment. i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training mission. did a military freefall, and i had some faulty equipment. i hit the ground. going, 30 to 40 knots and was instantly paralyzed. i met jack fanning when he invited us to park city, utah, through his foundation. i was able to actually get on the mountain and ski with my family, i can't put into words what that meant. i got paid in the military to do crazy fun stuff. and after my accident, i'm still that same guy. and when i was able to jump out of a perfectly good, helicopter, at 10,000 feet, i did it.
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i was talking to some vets last week amazing how we have these houses where they can come over because they■re in chairs too. carpet and wheelchairs don't mix very well. tunnel to towers, they got rid of all that. they redid my whole bathroom. that's probably the favorite part of my house. i thought they were just going to do the upgrades. but the surprise to me was they paid off the entire mortgage. when they told me they're going to pay off my mortgage, i cried. please contribute $11 a month by visiting t2t.org now
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or get a gift card instantly at wt.com. (♪) (high five) stuart: ash, i believe you're looking at rivian, and i think i know why. they're going to get money, aren't they? >> okay. ashley: yes, they r. they've secured a $6.6 billion loan. that's a lot of money. to build an ev plant in georgia. they're based in san francisco and looking to expand in georgia and that plant opening in 2028 and stock up 2% and amazon announced buying with prime is available on stevemadden.com and you're excited about that, stu. the prime shopping benefits like fast, free delivery and ease reyreturns can be had on the ste
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madden website and another part of amazon integrating with retailers. back to you. >> they're targeting migrant children in the shelters here and members of tren de aragua are living in the shelter system here in new york city, and they're recruiting the children in their buildings. they've ided four members of a subgroup called little devils of 42nd street and they're much younger kids. these are just the gang members the police have identified and there's probably many more. criminals as young as 11 are robbing stores and committing crimes on scooters like snap snatching people's jewelry, wallet and cell phones at gunpoint and knife point. there's more than 300 of the
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attacks last year and this year, which is not even over yet, there's been 800 attacks. stuart: good lord, that's extraordinary. 800! >> if you're an a scooper, you can go -- scooter, you can go up to someone that's looking at their phone and incredibly dangerous and scary. stuart: a new york city democrat urging his party short term orientation stop dangerous sanctuary city policies. watch this. >> we have to remember, especially in new york city 9/11. lawler happened, we didn't communicate nypd didn't communicate with obviously federal agents so that's how the terrorists got in. so we need some communications and what we're doing here is we're at like shielding them and the governor's, democratic governors and mayors of the sanctuary cities are shielding criminals. and terrorists. the president actually could say to the governor and to the mayor, cooperate with us or
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we're charging you with felonies. stuart: that's going a long way. jon levine joining me now and he's with the new york post. is that going too tar? jailing people in authority that's getting in the way of deporting criminal s? >> if president trump lost the election, he'd have spent the rest of his life in prison. we've been told nobody is above the law, and states don't have a right to defy federal immigration policy. immigration policy is the province of the federal government and you cannot say you're not going to cooperate. i think it would be a case to be made if governor hochul refuses to comply or mayor adams. there could be federal charges brought, and i have a feeling someone like pam bondi, the presumptive attorney general, will be inclined to do that. stuart: i can understand doing that and talking about getting rid of deporting known criminals but what about those that overstayed their visa? here illegally but not committing any crime?
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>> well, you start with the most danger yous ask craziest ones, criminals, and tren de aragua people and then mover up from there. i don't think we can start with the ones we most agree on. i think that's an easy conversation to have. that's what i would suggest. stuart: next one for you, jon. actor alec baldwin, think americans are uninformed about what's really going on in the world. got to see this, please. >> there's a hold, there's a vacuum or a gap in you will in information for americans. and americans are really uninformed of what's going on with climate change and ukraine. stuart: he said the gap in the understanding of world events will be filled by hollywood. did you hear that? >> even poland when he said that. it's interesting. to go on foreign soil in poland and complain about us, and really liberals say this when things don't go their way.
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americans, the reason why trump won is because americans are ignorant and misinformed and disinformation. he's whereon too because americans have never been more informed and so many new sources and alternative media and 50 years ago, we were much less informed because you had this monopoly and wise men and corporate oligarch that kept news in the silo and new with all the social media and x and everything else, do your own rendition of anthony search and -- research and not in a glib way but educate worst on issues and see a whole different host of perspectives now and ideas that wouldn't have been available in earlier generations and we're living in the most informed time. stuart: host totally wrong. john, thanks for joining us. have a great thanksgiving. >> you too. stuart: elon musk made it a personal mission to go after wasteful government spending. his mother, may musk, was on the show a short time ago and gave
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insight into how he'd cut costs. watch this. >> it's going to be very easy. first of all, come to work. isn't that crazy that buildings are empty and you're paying for them, and you also have to have done something. if you haven't done anything in the past week, why are you there? stuart: she was great and she said she's a regular viewer of this program. i'm flattered. gavin newsom continuing to resist donald trump and plan for rebates on electric vehicles in california if tax credits go away. but tesla might not qualify. we'll explain. jack smith dropped election interference case against donald trump. i say lawfare has completely failed. former federal prosecutor tells me if he agrees. pretty sure he does, he's next. ♪
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stuart: former federal prosecutor andrew chips act caucus-backed skidds with us. >> with donald trump coming into power in january, there was going to be no possibility that the justice department could move forward with that prosecution through one technicality or another and jack smith essentially got ahead of it, asking for that case to be dismissed. this is the ultimate victory for donald trump and i think it comes at hands-over the message of american people and saying they were not interested in those prosecutions that we've seen going on now for four
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years. >> jack smith going on and >> no future in any way at department of justice and i think those people who work directly under him and volunteers to be part of that -- volunteered to be part of the office looking to be removed from department of justice and catastrophic legal prosecution and time and time again faced rejection from the various courts and i don't think those attorneys need to remain at the justice department. >> hard to understand what the court is intended to do and the appellant court with oral argues
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and what fani willis' relationship was with nathan wade and the court canceled those oral arguments and i'm not sure exactly what that signals and cannot move forward with the prosecution while he's in office but there's other people they could move forward with and codefendants in the case and finding it to be more legal issues that go onto make that happen. i don't see that going forward. forward.stuart: is trump out ofl jeopardy? >> he's on his way to victory withs the civil cases that have plagued him as well. stuart: andrew, thank you. appreciate t thank you. now this, the menendez brothers just had their resentencing hearing pushed back until next year. what's the hold up? >> la has a new district
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attorney and judge wants time for the new da to be prepared and the hearing was scheduled for mid december and now going to be moved to january 30th. so george gascon asked the court to reduce the brother's sentence two days before election day and he lost and is out and nathan hokeman takes the helm as da. the menendez brothers were convicted in 1996 of killing their parents and if the reduced sentence is approved, it would make them immediately eligible for parole. till this delay, seemed to be real momentum behind their efforts to be released. two dozen relatives were supportive and social media users have also been supportsive of that change. the new da has been vocal though in his disagreement with gascon's soft on crime approach and he's pledged to thorel review the case before take ago stance on whether he'll continue with this resentencing push.
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stuart: okay. >> it's very up in the air now. stuart: got it. thank you, madison. now this, a judge just ruled on whether a transgender athlete could compete in a women's college volleyball tournament. what was the decision, ash? ashley: yeah, stu. federal judge kate o'cruz denied the request to have the player sidelined and san jose women's volleyball player blare flemming should be allowed to play and adding the rule would be unreasonable and confusing. competing teams filed a lawsuit asking also to have their forfeits rescinded for standings adjusted and flemming banned citing first amendment and title 9 violations and the judge's ruling allowed flemming to play in the tournament and those forfeits to remain as losses. boise state, wyoming, utah state, and nevada were among the mountain west schools to cancel games against san jose state, but that school says, look, we
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will continue to support its student athletes and reject discrim nation in all form -- discrimination in all forms. there you have it. stuart: thank you, ashley. check out the dow 30 and split of women improvement and -- split on improvement and where do we stand? half are up in the green, half down in the red and dow itself down 150 points despite the threat of big time tariffs. the coast guard apprehended 21 migrants who tried to dock a boat and enter newport beach, california, illegally. the mayor is not happy with california as a sanctuary state. he's fired up about it and joins me next.
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manufacturers like tesla. 'em el paso not happy about this news -- elon musk is not happy about this news and california is a massive market for ev sales and merely 35% of evs register redirect examination in the golden state and gavin newsom wants to keep evs rolling and offering a $7500 tax credit in california even if the trump administration cancels it. newsom wants to "trump-proof" state laws and the ev program and president elect trump's campaign for the tax credit and pushing for the alliance of all the motive innovation and california mass
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been the most aggressive state pushing for ev sales by 2035 all new vehicles sold in the state will have to be sense of aloha emission. stu. stuart: got t max gorden, thank you indeed. take a look at this. reporter: thank you. stuart: 21 migrants tried to enter the u.s. on a boat near newport beach, southern california. the mayor is willow neely and joining me now. were they admitted into the country or walk right? >> no, the coast guard stopped them and 21 migrants trying to enter illegally and 18 from mexico and 18 from uzbekistan and one from russia and those that missed geography lessons and going for central asia and had they made it to land without the federal government stopping them, california sanctuary state policy actually prohibits the local offi offi officials from g
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them and cooperate with federal officials. stuart: how do you deal with your city working inside a sanctuary state? >> well, we need to point out that our city and cities in california that they're doing slight of hand and sanctuary state and middle and the program that helps and it's a day carious program of people getting into the country and encouraged to do so and illegally. up in sacramento and newsom and state legislature there's a public safety and going to be victim and going to reference people who are actually committing the crimes and not the people affected by them. stuart: will you work with trump administration on deportations? >> what we need to do is simply encourage the state of
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california to withdraw their sanctuary state policies. >> coming into orange county on a boat, there's a broken system and instead of trying to do that what governor newsom was doing is picking fights with elon musk and he's the only person producing manufacturing jobs in the state of california for cars. this has gotten so insane and crazy and accountability for the policy. stuart: last one for you. fbi data and violent crime in your city dropped 12.5% since being elect. you want to tell us how you did it? >> well, we do treat like criminals are criminals and victims are victims we'll go out and protect victims. we protect outrebounded police in 2020 and people around the state doing defund the police like san francisco, san diego, oakland and los angeles.
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we increased our funding for police departments and said thank you to each one of our officers. we will never ever ever allow what happened in los angeles county with the election of george gascon in orange county and while governor newsom is trying to trump proof california, we have newsom proofing orange county. stuart: good point. come back and see us again soon, sir. have a great thanksgiving. >> happy thanksgiving. stuart: sure. that time for tuesday trivia question. another good one. is thanksgiving a national holiday? thomas jefferson, james madison, abraham lincoln, franklin delano roosevelt? who was it? answer when we come back. ..
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their multi-million ounce project is bringing a modern vision to mining in mexico. prime mining. stuart: we asked which president declared thanksgiving a national holiday? what have you got? ashley: i have no idea. number 2, james madison. stuart: what do you have? lydia: madison:i will go with abraham lincoln.
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stuart: okay. we are talking about a national holiday, different from a mere celebration. i will say franklin roosevelt. lincoln made a permanent national holiday, established that. you can catch the latest of martin scorsese present to the saints, fox nation. >> come and be baptized in the river jordan. >> jerusalem. >> i am preparing the way. >> how much longer are you going to let this filth stay alive? stuart: okay. you've got to watch that. take it away
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