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tv   Varney Company  FOX Business  December 4, 2024 9:00am-10:00am EST

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this series has been looking at all different saints in the modern day and, like, you know, joan of arc, really interesting. >> well, i love history and in part because of what we can learn from history. you know, we are who we are in part because of those who came before us. maria: let's look at the market here, 30 minutes away from the opening bell. dow industrials up 194, the nasdaq up 164. final thoughts, rebecca. >> just want to give a hot out to my corporate office back in tampa, love you guys, congratulations. maria: mike balboni. >> the book with sales of bibles surging. maria: wow. yeah, interesting. great show, you guys. really enjoyed -- final thoughts, adam. take us home. >> yeah. just own stocks, don't fight the tape. maria: the trend is your friend. have a great day, everybody. see you to again origin to. "varney & company" picks it up. stu, take it away. stuart: here we go again.
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dramatic news on politics and money. where to start? i'll go with the money. the trump rally continues. all the major averages are either at or near all-time highs, and they're all up again this morning. look at this, the dow up close to 200, a 20-point gain for the s&p and the nasdaq, 165 points in premarket action to the upside. now, the dow is getting a lot of help from from salesforce. the company's guiding towards strong profit and revenue in the future. marc benioff put out a report suggesting more spectacular gains for a.i. that stock is up, let me squint, 11.6. bitcoin again approaching $100,000. right now it's the at $95,000 and change. interest rates, look at the 1010-year treasury -- 10-year, 4.27%. that yield going up a bitted today. the yield on the 2-year is also going up, reaching 4.321%. 4.21. the "wall street journal" says
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trump is now looking at florida governor ron desantis for defense secretary. the original pick, pete hegseth, will continue to meet with republican senators on capitol hill today. sheriff chad chronister has withdrawn from contention to lead the dea. his enforcement of pandemic restrictions has drawn a lot of opposition. more repercussions from bind's bard of his son, hunter. a federal judge says it may have exceeded the scope of the president pardon powers. what does it try to cover-up? on the show today, the whole idea of sanctuary now in question. an appeals court says it's okay for i.c.e. to to deport illegals even if local authorities object. the premier offal bear that -- alberta is canada's major oil produce per. daniel smith wants to to drill, baby, drill and export to america -- danielle smith. we will ask her.
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s december -- yes, of course, it is, december the 4th. it's wednesday, all day, 2024. "varney & company" is about to to begin. ♪ ♪ don't stop me now. ♪ if i'm having such a good time, i'm having a ball ♪ stuart: don't top me now. that may be a reference to the stock market -- >> queen. could be a reference to -- lauren: maybe record highs. stuart: get out of here. [laughter] we've got to start with this, incoming senate majority leader john thune is planning a sweeping bill on the border, defense and energy, and it's the expected within trump's first 30 days in office. he wants to use the budget reconciliation package to provide funding for border wall construction and for border agencies. his proposal to also convert discretionary defense spending
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into mandatory spending. the new republican senate is going to move very quickly on trump's agenda. the president-elect is telling the gop he wants the pick to -- ready to move in on day one. here's senator shelley moore capito. >> he thinks we are ready to go and he sort of celebrated some of the wins and some of the difficult states like pennsylvania and ohio, and and so we were excited to hear from him. he gave us a few chuckles along the way too. [laughter] stuart: okay. all right. todd piro with me this morning. trump's hitting the ground running. has his rapid action caught the democrats by surprise? >> i actually don't think so. i think everybody expected this. and the senate is not really where i'm worried that they've got to keep things moving because, quite frankly, even if he loses murkowski and collins and one other, he still has j.d. vance to break the tie. i worry about the house imriewfs got to get things moving as quickly as possible, you know
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you only have that for two years, and you don't know how much of a margin you have, because it's real tight. secondarily, you need to spend between now and january 20 toth writing all those executive actions and having the best of of the best of the best lawyers go through them to make sure they are bulletproof. those are things they did not do last time around -- stuart: i believe they will do it this time. they're prepared this time. >> they better. stuart: look at futures, please. i like to see this green on the screen. dow up close to 200 points at the opening bell. a lot of that though is, what's the name of that stock? lauren: salesforce? stuart: salesforce -- lauren: customer relations software, responsible for most of that gain. stuart: as a matter of fact, they are. nasdaq up 167. eddie ghabour with me this morning. eddie, you're telling investors to buy any pullback. therefore, you think this rally is for real and it continues, right?
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>> absolutely, stu. and the main reason why is i think a lot of investors and money managers came into the election so afraid of the results that they raised a lot of cash and are underinvested, and they're going to be forced to caches this thing. not only -- to chase this thing. not only should dips be bought, but you have to be in the right areas. monday 8 off the11 sectors were actually down, yesterday, 9 out of 11. but if you were in the right areas, you had9 another two really strong days in your portfolio. stuart: as of today to toes what is the best place to to invest? industry? stock? tell me, what's the best place? >> the areas we're concentrating in is we've increased our exposure to small caps for this postif election rally that we've been calling for and think we'll continue. and so that's another area that is very hated and underweight that the i think money will chase. the other thing is consumer discretionary. xly is a new position we did because of the election. i think for investors that want
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exposure to amazon and tesla, there's a big percentage there. and then, of course, meta and nvidia continue to be our largest individual stock the holdings in our portfolios that we think, again, will beat the s&p to the upside. so small caps, cyclicals, energy and as well as semiconductors. they have been beaten up, so that's a contrarian play. they have been underperformers, but the msmh -- smh etf could get a nice santa claus rally into december. stuart: sounds good to me. eddie, thanks for joining us. >> thank you, stuart. stuart: trump's lawyers pushing back of the his new york criminal trial thrown out after biden pardoned hunter. they say the reason for hunter's pardon being with, quote, selectively and unfairly prosecuted, that also applies to trump. todd, you know something about the law. is that enough to bring this case to a close and have it just
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thrown out? in. >> i have to qualify this, you can know everything about the law, nobody knows about this situation because there is 0.0 legal precedent for a situation where a president has been convicted of a felony, and you refer to a pardon of another president's son in seed filing if in front of a court. has never happened before. i think you've got to go all the way back to the beginning of this case. it never should have been brought in the first place, and even once you have a conviction, it should be gone on appeal. that said, trump's lawyers are doing everything they should. anything on your side, throw it against the wall and see if it sticks. you never know, that's what why -- why you try. stuart: you've got to throw it out so that new york city and new york state can get back their judicial reputation. >> do you think judge merchan is concerned about that? so many legal scholars said why is he doing this? this is a horrible legal decision. i don't know if new york's legal
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reputation is high on judge merchan's list and is going to lead him to say, oh, now i need to throw out this case. stuart: okay. thank you very much, todd. what's the latest on the trump transition, he asked lauren? lauren: the transition team is speeding up the process here. they've agreed to allow the department of justice to conduct background checks for the nominees and appointees. what that does is help facilitate senate confirmation so the administration can hit the ground running on day one, and some nominees meeting with their current counterparts in the white house. other others getting security clearances so heir ready. stuart: how's biden's trip to africa going? lauren: so the president of angola at times is leading president bidenen around as if he's a child. you hear president biden stumbling at times, misspeaking. he called an goal la a city before he corrected himself. he also announced humanitarian aid to to those in africa displaced by drought. >> the united states continues
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to be the world's largest provider of humanitarian aid and development assistance. i'm announcing over $1 billion in new humanitarian support for africans displaced from homes by historic droughts and food insecurity. lauren: the problem is many north carolina residents are still rebuilding after hurricane helene. biden has requested almost $100 billion for hurricane victims in the u.s., but it's the up to congress to appropriate that request. stuart: got it. thanks very much, lauren. prime minister trudeau's visit with trump fueling speck lake of a keystone pipeline revival. alberta that premier danielle smith wants to export if to america. the the albert that premier will be on the show today to. a federal appeals court has ruled i.c.e. can continue using the seattle airport for deportation flights despite local opposition. this is a sign that trump can get around sanctuary city rules. more on the border with arizona
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sheriff mark can else next. ♪ ♪ got a good reason for taking the easy way out ♪
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stuart: extraordinary story just coming to to us. the the new york post is reporting9 that the ceo of united health care, brian thompson, was fatally shot in the chest this morning in midtown the manhattan. that's just a few blocks from here. police say it was a targeted attack. thompson was at the hotel around 6:46 a.m. when masked gunmen -- a masked gunman, fired at him and fled. thompson was rushed to the hospital where he was pronounced
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dead. we have a reporter heading there right now. we'll bring that to you in just a few minutes. united health care, health group is under the umbrella of united health care. okay? got that. that's a dow stock. extraordinary story. more on it coming up. in an exclusive interview, griff jenkins sat down with border patrol chief jason owens for his first tv appearance since the election. griff joins me now from eagle pass, texas. what did he have to say? >> reporter: he had a lot to say, stu, good morning. we're back in eagle pass, texas, because it yet again leads the the nation in the number of encounters, surpassing tucson and san diego in recent months. now ground zero here. let me take you up to fox's eyes in the sky and the drone you can see even for an area that's fortified not only by border patrol, but also texas national guard and texas d the ps, you're seeing groups of 100-200 companies.
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dozened of often i companied -- dozens of unaccompanied minors. in our interview with chief owens, he told the us that in addition to the 1.5 million apprehensions last fiscal year, there were a lot of other staggering numbers. listen here. >> in addition to the that, 5 20, almost 520 the now gang members, 27 of those are from the notorious tren de aragua with gang, ms-13, you name it. 106 people that were on the terrorist screening that were apprehended. if you could imagine going into a movie theater or restaurant and every person in there was a member or on the terror screen data set. >> reporter: and owens says that the incoming trump administration is going to really have to prioritize the tda gang members along with the flow of fentanyl. down but still flowing across. and he says that the tda problem was something not on anybody's
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radar do just a few years ago, and it was border patrol that first discovered them. listen. >> and it was our folks that actually identified them and started doing the interviews and what they were doing and where they were going. it's a very serious threat for us. s one of our top priorities, just like fentanyl. tomorrow it may be something else, but today today it's f -- tda and fentanyl that the represent some of the biggest threats to to our people in this country. >> reporter: and, stu, owens says that despite the difficult, challenging year that fiscal year 2024 was, it saw the deaths of four border patrol agents in the line of duty and 646 assaults on agents, but he says himself included everybody remains in this fight trying to secure the border. stu? stuart: thanks, griff. an appeals court has ruled that i.c.e. can deport i -- illegals even if local authorities object. this seems to be a challenge to
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sanctuary cities and states. texas border sheriff mark dannels joins me. i see this as a significant ruling. what say you? >> i agree 100%. it sets the stage for public safety and national security. that's what this is the all about, stu. this ain't about politics, it's about protecting everybody in this country, citizens that expect that in their government. stuart: a caravan of about 1500 migrants traveling through mexico, they're enroute to our southern border, tom homan says catch and release is still in place. so if that a caravan reaches our border, they'll walk across into america. catch and release, they're n. sheriff, are you seeing a rush of people trying to get here before trump gets into office? >> well, we've seen the surge down here too where there's nobody coaching the team, stu. think about it, we've got president biden and vice president harris, where are where are they? -- where are they? if they're everywhere but here.
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they haven't addressed the border for four years, president trump doesn't take office until january, so who's coaching america's team right now? that should be scary right now. president trump's doing everything he can even though he's not the sitting president to stop this flow, to work with canada and mexico, work with sheriffs. tom homan and others from the trump team are here in my k -- county this week. stuart: do you see them in your area? coming through your place? >> we do. in fact, a couple weeks ago i got a call saying, hey, sheriff, we need some help down here. so we sent our border team. they're going to come. why not? this is the opportunity, window for the cartels the make a few extra that bucks before trump takes office. that's what this is all about, the dollar and invading america. stuart: senate majority leader-elect john thune plans a sweeping border bill in the first days of the administering, the trump administration. what are we likely to see in that bill, sheriff? >> well, you're going to see support for the border, no to doubt about it. -- no doubt
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about it. everybody knows that was president trump's priority. that's his message. they're going to support that. you're going to see support for border patrol which they need dearly, you're going. to see consequences for those who violate our border laws. second of all, you're going to see support for the military which is so in the global unrest that we're seeing throughout the world right now, we need our military sustained and grown, and you're going to see support for our economy. this is what president trump kamm paineth is --
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campaigned on. the will of the people, the will of this president, we have a new term, new chapter in america. stuart: catch and release ends on january the 20th, does it? >> i think it does. you're going to see a lot of things come into place that we saw under the previous administration when he was president. president biden, who thinks he -- the things he set aside that president trump did, you're going to see that come back. his message is prevention, enforcement and consequences by president trump. he is saying if you break the the rules, we're going to hold you accountable. we need that.
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that's the rule of law that we need in this country, stu. stuart: sheriff, thanks for being with us. >> thank you, stu. stuart: chicago's mayor, brandon johnson, touting that city's handling of the migrant crisis. what's he saying? >> he says the city, along with the state of illinois, has managed the problem. here's the mayor. >> what we did was we took this crisis, managed it and then, guess what we did? we did what chicagoans do, we built a single shelter one system with the state of illinois and the city of chicago coming together to b a system to respond to homelessness. we did not allow a crisis to break us. we took the crisis, and we allowed it to build us. >> so that's what the mayor says. but chicagoans disagree. >> trump, tom homan, make example of [bleep] right here first. please, come here first.
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because you know what? we're going to help you. >> you're so strong about protecting those aliens, but you won't do nothing for the u.s. citizens. >> here you are with another tax hike trying to push the have notes to to house the illegal immigrants. you told trump you ain't gonna blink? then we ain't either. >> tale of two perspectives. you understand what the people of chicago -- we're the ones that that pay the taxes. we are the citizens. we are supposed to be here. we're not the ones doing something illegal, yet you bend over backwards. it's repeated in city after city. a lot of folks are waking up to the fact, chicago and denver are in the other example. -- camp. stuart: new york's next. you'll like the green on your screen. dow's up nearly 2000. salesforce caned for a lot of that a gain -- 20200. -- 200. we'll take you the wall street for the opening bell next. ♪ everybody wants somebody.
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stuart: repeating this breaking news, the new york post reports that the ceo of united health care, brian thompson, was fatally shot just outside the hilton hotel in midtown manhattan this morning. police say a masked gunman fired at him and then fled. he was rushed to the hospital in critical condition where he was to announced dead. to be clear, brian thompson led the insurance business, united health care, which is under unitedhealth group. check futures, please. the green still on your screen, dow up close to 200, nasdaq up about 150. ray wang with us this morning. i want to talk amazon, ray. the stock's around 215 at the moment, and you say it's going to $250. make your case. >> yeah. well, this is that aws reinvent, this is where amazon showcases the cloud. amazon, basically, is laying out the foundation for anybody who wants to build a.m. i. in their business and making it easy for them. they're building their own chips. they started this thing in 200 20, and what they're -- 2020,
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and they've issued the third version of that chip. they can take the cost of compute down farther than anyone else, and that means in the long run they're competing with nvidia for chips which means this is an alternative for companies to drive down the cost of a.i. stuart: wow. so the a.i. revolution remains in place, and it's still going strong, correct? >> it is definitely, and that's what everyone is talking about here at this event. and, of course, on top of that there's the rest of the amazon business. we're walking into the holiday season and, of course, they've done the most with a.i. in terms of applying that to the shopping experience and to the commerce and the ad business. stuart: very exciting time, i've got to say. take a look at sales forest. way up this morning -- lesforce, up 10% at 366. you think it's going to 3800. all right. -- 380. how soon? >> oh, we're going to see what happens in the next two quarters, but the big piece is really this thing called agent force. they've got a.i. bots that are helping people figure out
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customer success. you know, marketing, sales, things in commerce, and that's what people are looking for. they showed they had 200 customers signed in the last quarter, and this is something they had just released a few months ago. stuart: that was in the report from marc benioff, wasn't it? if that a.i. is gung ho and firing on all cylinders. that was in that report. and i suspect that's what's firing this 10% going right? >> you know, stuart, you're absolutely right because everyone's looking for an a.i. stock. we started out with chips, and the chip rotation is going into hyperscalers which are the cloud company, and that's going to the software companies, and the next round is companies that are using a.i. and putting it to use. salesforce, service now, palantir, c -- c3, these are building the software applications on top of artificial intelligence. stuart: thanks for joining us. michael saylor joins charles payne today, he'll also have an exclusive interview with sam
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altman, the chief executive of openai, 2 p.m. eastern with charles payne right here on fox business. the market is now open and, as expected, it has opened to the upside. quite strongly too. the dow is up 25225 -- 2225, it's now reaching -- 225, i'm not sure the level, but it's the up 225 points. there's more red than green, but the greens are vastly outperforming the reds. that's the best way to put it, i guess. the dow is up .45%. the s&p 500 also a to the upside, a gain there in percentage time, one-third of 11%. the nas -- the %. thes nas -- 1%. the nasdaq composite, 19,600, up 122 points. big tech, show them all to me, please. amazon, microsoft, alphabet, apple up. meta, down but only down 87 cents. interesting story developing here. we have the results of new head to to head trial between two weight loss drugs.
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lily's zepbound and novo's wegovy. who won, taylor? >> sepp -- zepbound. look, the study was sponsored by eli lilly, with but this was the first sort of head to head match that we to got, and we got the results. people on zepbound lost about 20 percent of their weight or on average 50 pounds in about 72 weeks versus just 14% of the body weight using novo nordisk's drug. so eli lilly, at least in the first head to head a, the winner. so stuart south to stuart okay, got that. apple, they just revealed whose a.i. chip they're using. this is important. whose chips are they using? >> amazon. can you believe that? so sort of competitors become partners in many cases. it's the aws which is amazon's cloud unit, their custom a.i. chip. they said they're evaluating if apple can also use it for if things like apple intelligence, but so far they've been a great
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partner in terms of using a work s for siri, music and other thing for the apple products. stuart: this is what ray wang was just talking about, the right? >> they did. so we're in the middle of this amazons investor conference which is where we're getting all of this the day -- data coming out. amazon has unveiled the train yum 22 chip and also 3 chips for a.i. we're herring more about them -- hearing more about them. stuart: amazon, all-time high, i think, at a 260? yes, all for heym high on -- all time high. when does meta think they will have nuclear power ready to go? i ask because i'm intrigued with these massive data centers. >> don't hold your beth -- breath, but early 2030. five, six, seven-ish years -- stuart: too long. >> but they're trying to get developers who can start you have nuclear reactors that they can partner with. so, again, given all the regulations expect restarting of
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all of this, they're hoping early 2030s. stuart: i know something about in this, and that's too late. they need the juice now, in the next 18 months. they've got to have it. moving on. earnings before the bell, let's start with dollar tree. looks like hay did well? >> yeah. big beat on the top and bottom line. third quarter sales came in at the higher end of the expected range, but the cfo said he was stepping down, and they're already in a search for ceo who stepped town in november. investors not so worried about the shake-up, but they've got top management to figure out. stuart: campbell's, comfort food. >> i'm glad you said campbell's and not campbell's soup. they want to focus on packaged goods, not on soup. so well done, stu, you're right on top of it. top and bottom line was a good beat, but here's the thing, the ceo also leaving. he's going to lead up the president of the washington commanders in the nfl, so they too are searching for a ceo. stuart: he's going into the football business? >> yes. nfl washington commanders.
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stuart: didn't know that. the pet delivery people, otherwise known as chewy. >> missed expectations on the top and bottom line, at one point looking at the biggest one-day decline since july. that looks like it is holding given the 8% drop on the stock. revenue better than expected, but if you miss on the bottom line, talking about operational discipline. so if the fop line is better but you're still missing on the bottom line, that's where he's looking at. stuart: i want to to go back to salesforce. huge gain today. that stock alone adds 2225 the points to the dow industrials -- 2 that. -- 225. they had a good report. take me a bit more throw it -- through it. >> revenue was up 8% year-over-year, profit up 25% year-over-year. the latest a.i. push that they're touting are these agent bots. so so these are sort of chat bots that salesforce thinks is going to be the next iteration when we move away from chatgpt. sort of think of this as the
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next way we can use these large language models. chat bots are sort of the way they do it. they have agent force which is their version of a chat bot, and it's doing very well. stuart: of course that. they reported after the bell -- okta, hay reported after the bell. >> revenue was up 14%, and they're looking at the next quarter up about 10-11%. that's that great facial recognition, the verification on our phones that i know that you love to use. [laughter] stuart: when somebody teaches me how to use it, that's right. taylor, thanks very much, indeed. check the big board, a gain of over 300 points. 220 the points accounted for by salesforce. nice gain, nonetheless. dow winners, check them out, please, head ad by sales forest, united unitedhealth group, amazon, microsoft and invid. >> all on the list. s&p 500 winners, topping that list, salesforce, edwards life sciences, chipotle, arista, constellation energy. and the nasdaq winners, topping that list, marvell technology,
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nice gain. 18%. monogo gb. broadcom, all 3 up, all better. the 010-year treasury yield at 4.26. the price of gold, $2600 and change, 2674 to be precise. bitcoin, back up to $96,3000. oil not doing that much, but it's the at $70 a barrel. nat gas still above 3, only just. the average price for a gallon of regular regular all the way down to $3.03, that's it. the nationwide average. but in california they'll hit you for $4.39. coming up, new york city mayor adams wants to work with border czar tom homan to deport dangerous illegal migrants. whoa. >> those who are here committing crimes, robberies, shooting at police officers, raping innocent people have been a harm to our country. i want to sit down and hear the plan on how we're going to crease that.
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stuart: whoa. can trump get more support like that from ore sanctuary city leaders? we'll get into it. a biden administration appointee just agreed to lock many work from home policies for tens of thousands of federal workers. what? they don't have to go back to the office like the re of us? i hope musk and ramaswamy have something to say about that. we will certainly deal with it. ♪ we were hopping and bopping to the crocodile rock ♪
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bill melugin joins us from west palm beach, f. bill, what are the latest reconsiderations? >> reporter: hey, stuart, good morning to you. just a short time ago i got off with a source familiar who confirms that the "wall street journal" report which says trump is looking at replacing pete hegseth with florida governor ron desantis, i'm told that report is accurate, that trump and desantis met face to face yesterday right here in palm beach at an event for fallen law enforcement and talked about this and that trump is, quote, seriously considering replacing hegseth with desantis. here's a little bit of what the "wall street journal" reported last night. quote, trump's allies increasingly think hegseth may not if survive further scrutiny according to people close to the president-elect's team which considers the next 48 hours to be crucial to his fate. now, when you're talking about desantis, we don't know if he would want to leave his role as the governor of florida, but he obviously has a military
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background. as for hegseth, he's been in a bit of turmoil recently with articles coming out about him and his past personal if life. his mom was defending him on "fox & friends" earlier this morning, but hegseth has been on capitol hill all week long meeting with senators, and trump's senior adviser, jason miller, voiced support for trump's nominees including pete hegseth when he was august to fox's martha maccallum. take a listen. >> feeling very good about the nominees and as they have these one-on-one meetings, we're getting really good feedback. they're getting such good feedback because people realize e these are highly qualified individuals. someone like pete, for example, two bronze stars, was in combat in iraq and afghanistan, that's the kind of person you want running the dod. >> absolutely. >> reporter: and we're told hegseth is on capitol hill once again this morning. he just had a bit of a media scrum a bit ago where he told the media he is not withdrawing from consideration, that he that talked to president-elect trump this morning and that trump told
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him to keep fighting. more to come as we learn it, stuart. we'll send it back to you. stuart: thank, bill. a biden administration if appointee just locked in work from home protection for tens of thousands of federal work e. this is -- workers. this is a deal that allows those workers to maintain their hybrid schedule all the way through until 2029. john lonski joins me this morning. biden is undermining trump. he knows that musk and ramaswamy will order federal workers back to the office, and he knows that a lot of them will quit. that's his way of chopping at the federal bureaucracy. >> yeah. and i don't know whether or not this latest order from biden is actually going to work. is it going to stick? let's not forget we are running a deficit of $1.8 trillion. for the viewer, that means the u.s. government is spending $1.8 trillion more than it is taking in. and if anything like that had happened in the private sector, we would be talking about
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leis -- layoffs, okay? we'd be talking about the possibility of looking for redundancies. that's going to happen i don't care what biden does in his remaining days of office. there is going to be a scaling back of the federal work force. and one thing, if you force these people back to work, some of them are going to say forget about it, i don't want to go back to work. they'll either retire or search for a job elsewhere. stuart: that's what musk and ramaswamy want. they'll order them to get back to the office a, a lot of them will say no, and musk and ramaswamy will be pleased about it. >> right. stuart: why on earth should everybody else have to go back to the office but not federal workers? >> yeah. and what about those in the military? do they have the luxury of working remotely? come on, give me a break. it's not fair. [laughter] stuart: think not. let's get serious. we've got the cpi number next week. are we final tbloing to get the inflation rate down to 2%? >> i would not hold my breath,
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stuart, okay? if i think it's going to take some time to get there. i am especially worried about service sector inflation. that's still roaring in my mind. i don't believe these government numbers because i see my utility bill, i see my insurance bills, health care all going up by at least 10% annually. it is rough. and when i tell somebody that we have consumer goods price deflation, they tell me don't -- have you been to the grocery store lately, okay? i mean, these numbers, i think, are grossly underestimating the actual rate of inflation. stuart: what do you think actual rate of inflation actually is? >> it's the probably still above 5% at least. they're trying to tell you cpi inflation is less than 3%, core inflation is just over 3%? give me a break. stuart: whoa, 5% -- >> you've gone to the grocery store. do you peel as though prices are moving? stuart: have you seen the insurance bill? >> yeah. i want to add that services, labor intensive and labor costs
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are still rising at a brisk pace. average wages up by 4% annually. when we last had inflation 2% or a little bit less during trump's first three years, wage inflation was going at about 3%. stuart: okay. 5% is the real number, we'll take it. thanks very much, indeed, john. see you again soon. with speaker mike johnson, he's calling out democrats for a now-deleted post on x. what is this all about? lauren: so the post was from democrats who are on the house ways and means committee. that's the finance group. they set the budget and the tax code. they responded to an article on this record holiday shopping with this: and here we were thinking y'all couldn't afford eggs. finish house speaker johnson said democrats deleted this tweet. americans have been struggling for four years to afford basic necessities, and house democrats are mocking them. talk about your all-time out of
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touch, disgraceful comments. it's this feeling by many democrats that the election never happened, that the people didn't vote for change when they did, when 7. in 10 of us say the economy is bad and is getting worse. and hay continue to mock it. stuart: get real. >> if i'm republicans, i love the fact that the democrats that are in charge can't figure out why they lost. it sets you up nicely for '6. stuart: it sure does. coming up, elon musk and if vivek ramaswamy say illegal migration costs the federal government $1500 billion -- 150 billion a year. that funding is on the chopping block. there's a new sheriff in town elected to fix the border. the sanctuary movement is on its last legs. that is my opinion and my take at the top of the hour. trump's transition team looking to roll back diversity, equity and incollusion programs across the country. -- inclusion programs. where will they a start? a report on that is next. ♪ ♪
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asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. hi, my name is damian clark. if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible
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to get extra benefits with a humana medicare advantage dual-eligible special needs plan. most plans include the humana healthy options allowance. a monthly allowance to help pay for eligible groceries, utilities, rent, and over-the-counter items. the healthy options allowance is loaded onto a prepaid card each month. and whatever you don't spend, carries over from each month. plus, your doctor, hospital and pharmacy may already be part of our large humana networks. so, call the number on your screen now, and ask about a humana medicare advantage dual-eligible special needs plan. and remember, annual enrollment ends on december 7th. humana. a more human way to healthcare. stuart: check out the big tech names, please. apple, amazon, meta, those three on your screen just hitting
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all-time, record highs. now look at salesforce, also hitting a record high. it's up $30, 9%, and that contributes over 200 points to the dow industrials. in the latest effort to target the woke agenda, trump's transition team is now looking to roll back wers the city, equity and inclusion initiatives all across the country. lydia hu has the story. who's got the job of ending dei? >> reporter: a name you're familiar with, conservative activist christopher rue foe. he's also no stranger to president-elect trump. near the end of trump's first administration, trump signed an executive order eliminating critical race theory from federal programs, and that was at ruf if o's public urging. now rufo is urging trump, take this further. take aim at dei and affirmative action. rufo says confront these issues means rooting out the opposition not from the opposing political party, the 'em do accurates but,
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rather, from inside the executive branch of government. rufo is writing this in an essay published just this morning. the federal government is steeped in left-wing race and gender ideology. bureaucrats abusing the public trust to advance their own ideologies should be put on notice, they'll be shut down, their county abolished and their employment -- department abolished and their employment terminated. specifically, what rufo urges trump to do includes some of these things. he wants trump to order federal agencies to to abolish dei program, fire employees associated with them, use artificial intelligence to identify ideological content in federal programs and defund them and prohibit civil service employees from engaging in partisan political activity. that's the hatch act. he wants that fully enforced and possibly even expanded and also ban affirmative action in the federal government and at federally-funded entities like colleges and universities. stuart, this proposal is already stirring concern among dei
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advocates. listen to this. >> i think the thing to remember is diversity, equity and inclusion policies are not about favoring one group over another, they're actually about meaningful diversity, authentic inclusion and opportunity for everyone. these policies help lots and lots of people. and so this incoming president will be well served to understand just who he'd be hurting with these types of policy approaches. >> reporter: you know, and you may be familiar, stuart, with rufo because he led to the ouster of harvard's former president, claudine gay. he exposed her plagiarism issue- stuart: give me four words. >> woke died on move 5. stuart: not bad. that was good stuff. short and to the point. sanctuary city funding could be on the chopping block. his peek has more to say about that. who's the drill, baby, drill
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premier in canada? she's going to be on the show. is it the end of the hush money case against trump in manhattan? we're going to get into it with former u.s. attorney guy lewis. the 10:00 hour is next. .. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 17 types of cancer, including certain early-stage and advanced cancers. one of those cancers is early-stage non-small cell lung cancer.
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