tv Varney Company FOX Business December 5, 2024 11:00am-12:00pm EST
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been politicized and donald trump is going to root it out and go into it with a hammer and tack it out root and branch. >> i wouldn't be going against bitcoin or shorting it. if i owned it, i'd hold it. if not i'd buy it. >> i'm excited about meeting with elon and vivek today because i have a list of ideas. we need to reform the irs. it's completely out of control. >> it's not just bitcoin. you've got some of the block chain technologies that were just left aside for so long, it's exploded to the upside. >> four years in biden to what felt like going for them and going for minutes and the president elect and going with it. ♪ ♪
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stuart: okay, a little cloudy in new york today. that's sixth avenue and 11:00 on the east coast of the united states of america. it's thursday, december 5. check the markets, a bit of red ink. not that much. dow off 92 points. show me big tech, please. previously they were all up and now most are up, amazon, microsoft, nvidia and apple, alphabet are down. 10-year treasury yield, where is it? moving up to 420. and let's have another check of bitcoin. earlier today, it finally crossed $100,000 and got up to $104,000 and now it's $101,600. here we have it, i promise, we got photos of elon musk entering capitol hill with one of his children on his shoulders. can you see that? i can't see him? lauren: he's right there on the left. stuart: musk left a meeting with senator john thune and walked
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through a back corridor the media is not allowed into so we have no more pictures. that's ragaini good one. musk with child. now this, donald trump has taken over as president. joe biden still flies on air force one and still has title of president, but he's faded into insignificance. that was apparent on his trip to angola. meeting with african officials, he closed his eyes and rested his hands in his head. call it jet lag or exhaustion, it just did not look good. reporters not anywhere near the president and shouted questions about hunter's pardon, they got no response. look, there's no joy in reporting the decline of a american president, but there's anger. how was it allowed to come to this? within months of his taking office in january 2021, he was having trouble organizing his thoughts, couldn't finish sentences and looked lost. on september 12, 2023, the influential columnist at washington post put out this
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headline "president biden should not run again in 2024". all hell broke loose because ignatius had cloud and democrats didn't want to hear their guy was a nonstarter. in march 2024. special council robert hur described him as a senior official describing his decline. democrats circled the wagon with lies and lies in the media trotted out and going for them and it would not tell the truth and catastrophic debate in june and his family stuck with him and press secretary and holding down the lies and hung on till july and democrat's top brass pushed him out. time for the party to get honest and come clean in 2023 and still possible to ease him out of the
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race. but they didn't and biden went down to historic defeat. president biden will not be there. president elect president trump will be there. he's taking over. third hour of varney starts now. ♪ stuart: mary catherine with me this morning. all right, has trump taken over as president already? what do you think? >> he has trudeau down at mar-a-lago and that's where things seem to get done. he's going to notre dame for this event where i guess the current sort of president dr. jill biden will be, but not the actual president. i think you're right, people have been lied to and can see with their eyes what's going on and watch an angola leader
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leading president biden around with the hand and democrats told people no, no, no, everything is fine and media said these are cheap fakes and you can't talk about this till the second it was approved information and too obvious to ignore anywhere. that served the democratic party very badly and continues to serve the united states of america very badly because i don't know who's making decisions, and it's one of the reasons that a lot of people voted not for kamala harris is because the democratic party was giving them an incapacitated president, lying to them about it and giving them un-impressive option saying she was great. they don't believe this. st stuart: alexandria ocasio-cortez, better known as aoc, wants to be the top democrat and this would give her a prominent position to fight trump openly. is she maneuvering for a political move and running for the presidency in 2028?
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what do you think? >> she probably is. this would be an interesting spot for her. i think you'll underestimate her at your peril. when she asked questions of the secret service after trump's first assassination attempt, i thought she was pretty good at grilling those folks getting to the bottom. she has moments where she shines and in the wake of the election, went to her own voters and said those of you that voted for me and donald trump tell me why. she engaged from the voters and learned from them. a lot said i feel like both of you are outsetters and populous and both are for the working class. i think she has an ability to connect with the working class but her story was she was a bartender and morphed into an elite met gala elite politician and if she goes back to the roots she might be a smarter version of what the democrats need in the future.
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stuart: we shall see. mamary katherine ham, thank you for joining us. bitcoin hit the $100,000 milestone after president trump picked a pro crypto guy paul atkinses to head the sec. kevin o'leary was on the show earlier. here's what he said. >> institution are talking about the technologies now in a way they didn't and never thought that he had come to fruition and the whole trip toe community trying to figure out what's next and we think bitcoin is the granddaddy to sovereign wealth and asking sec to put rules out on this right after trump takes over. stuart: lou basenese with me for the hour by the way. lou, i'll call this the trump crypto rally. any argument? >> no, no argument. we're going from a crypto dud in gensler and now to a crypto
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king. it was predicted that crypto would hit 100,000 this year and i text him saying where are we going next 120,000 and then he said it'll tank next year. interesting take and options market supports that stance in terms of going to 120. next year when rubber hits the road on what kind of crypto policies we'll get, you'll get volatility. crypto was always volatile and how high before it tanks? stuart: yeah. last time you were on didn't you admit in the middle of the show you didn't like crypto but in the middle of the show, you bought some? >> i've always had a small position but i turned and changed my stance on the fact i didn't believe trump was going to make this a part of his administration, but based on his actions, actions speak louder than words and making it a policy priority. i'm very optimistic about broader adoption and access but the volatility won't change. stuart: i can see that. outside of the crypto world and back to the stock world, i think
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this is the trump rally. it's a big one. does it have legs? >> before the election was final, we were afraid to call it that. this definitely has legs and not about the tariff man has returned. that's not going to collapse the economy or stock market. you just have to look at earnings. they're expected to accelerate, not just for the mag 7 but all the other 4 # 3 companies by -- 493 companies by double digits and will drive the stock higher. >> they're projecting about a double digit, 12 or 13% growth. stuart: future profits are the bedrock of the stock market and stock prices. >> it's the one maxim to bank on all the time. earnings go up quarter over quarter and stock is going up quarter over quarter. >> music to our ears. visiers will love this. everyone will be headed higher.
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stuart: my two stocks. robinhood ceo coming up on "cavuto coast-to-coast" at 12:0x business. lauren u i see uber moving today, regrettably on the downside. lauren: look at lyft. stuart: i own a little of this thing. lauren: sorry. stuart: what's the probably here? lauren: google is the problem. waymo extended into miami and in 2026 aim to launch a robotaxi service there and adding in the cities with an electric jaguar suv starting to takeover. stuart: i cannot believe that rob bo taxis will be -- robotaxis will be a serious let to uber's business. >> they have robotaxis that would bring them profitability. it's not profitable as a ride hailing company. lauren: take out the human driver and replace them. i don't like saying that but it's the truth.
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artificial intelligence. stuart: should i get rid of uber? i've always said like uber and lyft have a hard time generating profits. stuart: mike murphy will have something to say about that. he put me into it. sentinel one, they're cybersecurity. lauren: yes, and sales up 30% and stock is down, weaker profit and higher operating expenses. stuart: they'll get you. signet jewelers. lauren: down almost 12% and lower full year profit forecast and having difficulty integrating blue nile, a company they bought about two years ago. stuart: thank you, lauren. coming up, number of colleges that will be forced to close will skyrocket over the next few years and chris roug ruffo tells what's driving people away. challenge main the god challenge ledges the -- charlamagne tha god challenging the women on the view. >> why kent you say that
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democrats are wrong. stuart: we'll see what kennedy says about that exchange. kennedy is next. ♪ to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces
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he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. stuart: biden considering preemptive pardons for those targeted by president trump. lucas, who is biden considering for the preemptive pardons? reporter: good morning, stuart. the names are liz cheney, adam schiff, and dr. anthony fauci. many republicans are against this and even some democrats too, including one of the napes
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of course, this sun precedented in the nearly 250 years of this could be triple-demic and texas congressman gooden spoke earlier on "fox & friends". >> it's very cognizant of the fact their justice department is weaponnized and they've been in on an act of criminallalty and many stages of the presidency and they're worried about what's to come. reporter: the,s of issuing the preemptive pardons ahead of president elect's inauguration last month and afraid of retribution and dr. fauci has been afused by many -- accused of many republicans and watch dog groups of fraud and using an e-mail account to do business. senator elect adam schiff tells politico "i'd urge the president not to do that.
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it would seem defensive and unnecessary. president elect donald trump says he's not interested in retribution. he said that to our own sean hannity. it's important to note, stuart, none of the napes we mentioned have requested of pardon. stuart: thanks very much for this. charlamagne tha god and the view's whoopie goldberg got into a heated exchange over hunter biden's pardon. >> he didn't have to volunteer that lie to begin with. >> i'm going to stop you for a second. >> uh oh. >> only because you don't know that it was a lie. we don't know why he changed hi- >> you really think he changed his mind over thanks giverring weekend. >> no, but you get to a point where you say i'm going to follow the straight and narrow always because that's what's expected of democrats. >> that's their fault. they're the ones that go out there and stand on the moral high ground. >> democrats are not a monolith.
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>> why can't you say when democrats are wrong? stuart: that's a good question. kennedy is joining us. why can't democrats admit when they're wrong? >> i don't know that republicans would either frankly. republicanswere famous for having the 2012 most mortem when that wild ball of charisma mitt romney lost. i don't know that republicans would have had the same or a different reaction i should say. i think we would have suffered -- not we, i'm not a republican, but a lot of people i work with would have suffer the same fate and lack of intra-spection and it's been toxic for democrats and they've been able to attack each other's factions and not able to go well, this is why we lost. this is why joe biden was a flawed candidate and why he had to step down. they're pointing fickers at each other, and that absolves you of having to take blame for something. and i know it's difficult, but it is incredibly necessary if you want to win elections in the future.
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stuart: i think the democrats should come clean about the lies told about president biden's true condition. they would not admit the man was incapable of doing the office. they kept him in power till july of this year. >> and kamala harris was privy to all that. said she worked with him hand and glove and given intimate and important rules in the administration like shoring up voting fraud and making sure the border is sealed and didn't do any of that but had access to his private moments and knew he was in decline and lied about it. she wasn't really pressed on that. by a lot of news outlets and should have been. bret baier was one of the few that gave her an honest grilling. there's plenty of blame to go around but they want to talk about things like optics. it didn't look good. well, it didn't look good because it's not good and
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there's something intrinsically flawed about the process and voters were in on the whole thing. they knew nay were hurting and democrats didn't have solutions. stuart: comedian sarah silverman explained why she chose to stay silent. "my feeling was no one wanted to hear from celebrities right now". i think she was right about that. celebrities in the harris campaign was a total failure. >> yeah, when taylor swift came out after the debate and endorsed vice president harris and people are like there's the election. i remember thinking not so fast. i didn't feel like her endorsement had the kind of momentum shift that it might have in election years past. even show she's arguably the most famous person in the world. that goes to show you where voters were, and they didn't want to hear from rich people who were totally insulated from bad economies and from inflation and recessions how they have to
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vote because someone they're a fan of tells them they have to fall in lock step. no one was in the mood to do that this year. stuart: didn't buy it. kennedy, great stuff. >> thank you, stuart. let's look at the big board. stuart: not yet. just give me a break here. i'm going to tell you about something else. the mayor of detroit, mike duggen was a long time democrat but not anymore. ashley, why is he ditching his party? ashley: well, i can tell you he's not becoming a republican either. duggen says he's launching an independent bid to be michigan's next governor saying he wants to give voters a different option. one, that can unit the state. watch this. >> it's time for a whole new approach, a governor that's an independent. what would happen if we up ended the system and gave michigan voters a new choice.
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ashley: we'll find out. duggan is the second longest serving mayor and won in 2021 and first candidate to announce gubernatorial bid to replace democrat governor gretchen whitmer who is term limited and excluded from seeking a third term. he's an independent. stuart: thanks, ash. getting to the market specifically looking at palantir. if you watch this program, it's been recommended by almost all the analysts that appear on this show. they like it and predict it goes to the moon and up over 280% in this calendar year. it's up again today. $2 at $71.94. alpalantir ceo on cla clammennen today. >> he was right in 2018 saying
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we have to spend more and seems on the european side we've increased our defense spending and this is thanks to donald trump. stuart: that was him telling msnbc how it really is. sounds like he's ready for trump to be back on the world stage. we have full comments coming up. trump team wants to dismantle diversity, equity and inclusion on college campuses and asked chris ruffo to come up with a plan. ruffo is next. ♪
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stuart: nypd released new photos of the suspect wanted in the shooting of united healthcare chief brian thompson. at some point he pulled his mask down, caught on surveillance cameras. you can see the suspect full face there he is. the man hunt is still underway. he is the suspect. check the markets. lou basenese brought stock pick and nasdaq up 14 and dow down 80. not much price movement.
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you like eli lilly? >> yeah. but this is a two horse race for the drug loss and say you got lucky and picked the winning horse. no, it's based on science and a study came out head-to-head comparison between zepbound and wegovy that eli lilly zepbound leads to more weight klotz less side effects and that's not by accident. if we get into the science, it's because lily's drug targets two re-scepters and -- receptors and niveau dorman disk is one. >>-- novo nordisk. >> it's creating adverse effects with these drugs. stuart: other pick is inodata. >> talked about palantir and going for them and that's another ai play and under the radar ai play and in a data
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providing services to all the major ai players and they are the service provider and pick and shovel play growing at tremendous rate accelerating from 35% to 65% to now over 135% and stocks hitting new high. stuart: yes, it is. thank you, lieu. indata >> who is he going with him today? reporter: he's on capitol hill and really digging his heels in and media turning him in for brett kavanagh that and not going to stand for that and not bowing out and going on offense and penned an article in the wall street journal that says in part "it's a textbook manufactured media take down. talk to those that served with me in guantanamo bay, iraq, or
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national guard. they support me and i'm honored by that . i've never backed down from a fight and won't from this one. i look forward to an honest confirmation hearing from the distinguished senators and not a show trial in the press". hegseth was meeting with republican senators on capitol hill all week long and shoring up support for future confirmation hearing ands met with senator joni ernst yesterday writing on x "i appreciate pete hegseth's honor to our country and something we both share. we had a frank and thorough conversation". hegseth responded, "thank you, senator ernst, for your commitment to this country and this process". roger wicker is the incoming chairman of all important armed services committee and wicker says hegseth pledged to him he would stop drinking if he's confirmed as secdef. >> the allegations was made of hibeing intoxicated several
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times and the questions that led to that. >> he confirmed he'd stop drinking all together 23 he's confirmed in >> yes. skiddsed about allegations and he stated categorically they were untrue. reporter: stuart, moment million people said if hegseth's nomination goes south, trump will look at ron desantis so replace him for secretary of defense and trump and desantis met face-to-face in palm beach on tuesday santa claus rallying a conversation about it were for now, seg health said he's not -- hegseth said he's not going anywhere. stuart: bill melugin, we got it. thank you, bill. the trump team looking at a plan that would slash federal funding
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for universities that would refuse to scrap dei programs. chris ruffo joining me. chris, you were invited to mar-a-lago and a proposal to get rid of dei. what's the leeanne? >> that's right. the president has athoracity as executive to immediately abolish. dei bureaucracy and federal government and force all -- federal agencies as well as federal contactors and recipients of federal funds to follow the very simple principle of color behind equality. you can't discriminate on the basis of race, majority group, minority group, any group whatsoever and that rule if he decides to pursue that executive order would apply to ivy league universities, which through my repreports and reporting of oth, it's clear they're discriminating on basis of race and dei are flatly illegal and un-fusional and the president has the opportunity to -- unconstitutional and president has the opportunity to take action. stuart: you met with trump's team in mar-a-lago. did you speak directly with president elect trump himself?
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>> i did not but hope to have the opportunity to do so in the near future. the president has an extremely capable team around him. they understand the issues about dei, about critical race ideologies and ivy league universities and higher education reform. they're with the bombardment and hoping abolish dei gets in there and takes decisive action on january 20th. stuart: closures expected to skyrocket and many young people are turning away from higher education. what's the problem? why are they turning away from higher education in college? is it cost or is it politics?
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reporter: look, it's the lower end of colleges and not providing investment for young people and their families and trap them in debt and provide them little to no useful skills and the federal government biby subsidizing $1.7 trillion in student loans created a classic bubble in higher education and overbuilt and overinvested and it's not giving the returns it needs to give. this bubble may be popping and the president will be taking action and the american taxpayer taking action and going for perpetuity that have made all the poor decisions. stuart: like to see a turn around where college becomes more popular and more youngsters go to college? >> no, my position is a bit too radical and that number should be reduce asked have alternatives like trade schools and apprenticeships and professional programs and internships that are cheaper for
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students provide them valuable skills to get into the works toker and that traditional liberal arts college is geared towards the top 20%. stuart: chris ruffo, times are changing and you're leading the charge. chris ruffo, thanks for being with us. see you soon. coming up, supreme court justice ketanji brown jackson tried to equate banning sex change for kids to banning interracial marriage. we'll be taking that on for you. first, drones have been spotted every night in new jersey. it's been going on for weeks. they're flying in the area near trump's bedminster golf course. fbi is getting involved. the full story is next.
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stuart: how about the green energy stocks. can we have a look at those, please. china reportedly set to approve as many as 100 new nuclear reactors in the next ten years, mixed reaction with the green energy sector. now this, mexico made a record breaking fentanyl bust. ashley, why is the typing of this raid so important? ashley: came days after president elect trump threatened to impose 25% tariffs on mexican and canadian goods in response to wave of illegal immigration and drugs flowing into the u.s.. coincidence? maybe not. mexican military captured more than a ton of fentanyl pills following a series of raids and one of the biggest seizures of the synthetic opioid in the country's history. soldiers and marines in the
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state of sinaloa found around 660 pounds of fentanyl in a house and another hundreds of pounds in a nearby truck. fentanyl seizures in mexico had fallen earlier this year with as little as a few ounces seized and smuggling them into the u.s. responsible for around 70,000 overdose death as year in the united states. stu. stuart: thanks, ashley. nato's secretary general praising donald trump for how he handling defense spending. he seems to be saying trump was right. lauren: he said exactly that. trump's call during his first term to make nato nations spend more on defense worked. >> he was i right in 2018 saying we had to spend more. seems then we have massively on the european side increased defense spending and not only more defense spending but i need his help to make sure we can
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also get to the other stuff the americans are producing. lauren: this year, nato expects 23 out of 32 member states to hit its goal expanding 2% of the gdp on defense and countries like poland close to 4% because they want to fend off putin. stuart: fbi investigating drones spotted flying over new jersey and often in formation. this has been going on for weeks and seen near trump's bedminster golf club. nate foy is looking into this and do we know where the drones are coming from or who's flying them? >> we don't. it's happening every single night with the exception of thanksgiving over the past through week asks they're in clusters and people getting more and more worried and no answer from federal, state and local authorities at this point. one witness said it's like a parade and drones keep coming one after another and hear them coming because it's so loud. listen to the power of this
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drone last night. residents in morris county telling fox this is happening every single night for the past few weeks and one family claims they followed a drone in their car. this story is crazy. while it hovered above them, the clock in the car changed times and then they say the clock went back to normal after they drove off. yeah. witnesses also talk about the size of these drones. some say they can be as big as a small car. >> smogger ones and larger ones and sounds like little helicopters and one flew over the house last night and one was really loud. >> >> his neighbors are getting more and more worry asked despite that concern, morris county officials insist "there continues to be no known threat to public safety.
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residents tell fox that the worry is growing and faa is continuing to temporarily restrict flights over trump national golf club in bedminster and arsenal military base and both site less than a half hour drive from where the video was taken. take a look. >> these are all drones in the sky. one, two, three, four, five, six, seven. seven right here. what the heck. >> i think what the heck sums it up. morris county officials say this morning they've no new information to share. the fbi and local authorities continue asking for tips and videos as they try to social norms this mystery. stuart. stuart: surely they can see where they take off from and land. >> yeah u quo you'd think after three weeks you'd have your own aryl assets to follow the -- aerial assets to follow them and see where they're from. >> 15 minutes north of
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bedminster. i grew up here. it should be easy to find the drone pilots and average drone can operate about a mile or two away from the pilot if they're military grade or further and this is probably our own government. >> that's the thing that has a lot of people concerned and they're not the size of drones that people typically fly for fub. these are big drones. stuart: do you want to get into this, lauren? >> lauren: really good citizen journalists in that piece and smells a little fishy to me. >> for sure. stuart: thank you. programming note, tonight is the sixth annual patriot awards hosted by shawn hannity and unsung heros of america and president elect donald trump he'll be there. you can stream the award show exclusively on fox nation starting at 8:00 p.m. eastern. back to the market, please. show me the dow 306789 ups and downs and lot of green on the picture. despite the dow is down 120 and it's mostly green. lgpa just delivered a big win
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for female golfers and say biological men that have gone through puberty cannot compete in the league. i know tomi lahren has a lot to say about that, and she's here in new york. she'll tried over to the set momentarily and we'll put her on. tomi lahren is next. ♪ since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities, across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™.
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stuart: ketanji brown-jackson tried to pair sex change to same sex marriages. >> everyone seemed to concede up front that racial classification was being drown and that was like a starting point and i read the statute here -- excuse me, the case here, the court starts off by saying that virginia is now one of 16 states that prohibited and punished marriages on the basis of racial classification and look at structure of that in terms of inconsistently going for that and more. stuart: we're joined by tomi lahren this morning. you've got to take that on.
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that just not seem like a valid comparison to me? how about you? >> those aren't even in the same solar system and mutilation is not care and sterilization is not care and going for young people and using mino minors and children as guinea pigs going for blockers and the surgery being irreversible and these young people going to be customers of big pharma for the rest of their lives. that is not up for debate and discussion in my state of tennessee and has nothing to do with taking away nick's rights and if you're an adult and you want to transition, that's on you. this is about protecting kids just as we protect kids from a whole host of other things. this is about protecting young people. stuart: looks like the supreme court is going uphold the ban on sex change for children. >> i'm glad that tennessee is
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leading the charge and this is about protecting young people and if you want to talk to someone on this, they're testifying and trying to de-transition and it's ruined their their entire lives and protecting young people once and for all. stuart: the gender eligible policy for lpga and biological men that went through puberty cannot compute and sounds like a win for female golfers for next year. >> it's back towards reality and insanity and the election showed the mesh people have a stake and went too far and left overplayed their hand with wokism and taking rights for protecting female sports and their spaces and their locker rooms and about protecting their competitive ability and their accomplishments and accolades and scholarships and title nine
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was intended to do that and going for the league stuart: going further and have a y chromosome and can't compete in women sports. >> realistic and sane position. going for women sports and should be for women and create another cat four. category and more like biological men hijacking women sports and the women are told to sit down and shut it up it makes them uncomfortable. we're a feminist in this. aren't they supposed to be standing up for female rights and us? stuart: that'll make a big difference. tomi lahren, thanks for being here in new york. appreciate it. it's the thursday trivia question, another good one. do not look this up, please. how many zip codes are there in america? 38, 41, 44, 47,000? how many is it? the answer when we come back.
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are right more than anybody else. you are first. what have you got? ashley: thanks. i was trying to count them during the break. i will go with number 2, 41,000. lauren: i'm always on the same wavelength as ashley, number 2, 41. >> i said ashley as usual molly right, don't fail me now. stuart: you said 40 one thousand but i'm going with number one, 48,000. the answer is 41,000. >> it was not rigged like oz perlman. stuart: it is separate in nine different zones, the zip code 12345 the long stu schenectady new york
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