tv Varney Company FOX Business December 9, 2024 11:00am-12:00pm EST
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we're just not there yet. >> i think this first 100 days will be a whirlwind for his administration. this is a very popular agenda across the political spectrum. >> democrats, they don't have policy. they're lost in the wilderness. they're going to continue to flail as donald trump and the republicans take the mantle. >> it is an impressive level of self-delusion for president biden and jake sullivan to think they had anything to do with the historic defeats of hamas, hezbollah and of course now the actions that we see of assad being chased out of syria. they were actually working with arab leaders in the region to normalize assad. stuart: i like the christmas tree. there's the fox square christmas
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treatment that's a beauty. it really s. it's better than the r rock feller christmas treatment -- rockefeller christmas tree. dow's down 90 and nasdaq down 95. how about big tech. most of those issues will be in the green actually. apple, microsoft, amazon and apple are up and nvidia down 3%. the yield on the 10-year treasury, that's coming in this morning at 4.19%. actually rise ago little today. all right, folks, now this. when trump's appointee for energy secretary goes for senate confirmation, expect real fireworks. chris wright believes there are some positives to climate change. now, that's not something we hear very often, is it? he says "there is no climate crisis". is it the world's greatest
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challenge? "no, it is not" he says. if the world gets warmer, plant growth accelerates and farms produce more food and all the extra greenery has a cooling effect. again, we're not used to hearing anything but crisis catastrophe and then ebbed of the world. chris wright made his name as ceo of liberty energy. that's a fracking company. he's going to be in charge of president trump's stated policy of drill baby drill for fossil fuels and do everything he can to produce more oil and gas. and that's the exact opposite of what biden has been pushing and demolish the green new deal and make sure america withdraws from the paris climate accords. can you imagine the reaction of the democrats and the confirmation hearings? they'll be apoplectic. the truth is, they have lost the green debate. climate change was not a significant issue during the campaign. the drastic changes imposed by the greens have not been popular.
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now we have an energy secretary who's offering a very different approach. the changes he will try to introduce will have profound consequences for our place in the energy world and for the price of energy that we all want and need. don't be surprised if those fiery senate confirmation hearings get wall to wall tv coverage. it'll be climate theater. chris wright will be making the other side of the green argument, the side we rarely hear. third hour of varney starts now. ♪ stuart: joe concha with me this morning. i'm expecting fireworks at confirmation hearing ands do you think the democrat's green dream is dead? >> it is according to voters, stu. i'm looking at gallop right here. most important issue during the 2024 election what people voted on, climate change comes in not
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first, not tenth, not 15th or 20th, 21st as far as important issue to me as far as people when they run into the ballot and cast their votes behind relation withs russia, race relations, relations for china and trade with other nations and climate change comes in 21st. people see that and if we're going to spend trillions of dollars on a problem that may not exist, that'll bankrupt the country. by the way, till you bring in chai narcs india and rush cha, three biggest polluter ntsb world, we can spend all the money we'd like. it's not going to make a difference if the top polluters continue to pollute, stu. stuart: yeah, trump outlined plans for inaugural address for the first postelection interview. watch this. >> it'll be a message of unity and success brings unity and i've experience it had in my first term as aid whether it'll be talking about unity and talk about success, making our
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country safe, keeping people that shouldn't be in our country out. we have to do -- i know it doesn't sound nice but we have to do that. basically it'll be about bringing our country together. stuart: joe, what do you think? media will give him a fair shake? what do you think? >> no shot of a fair shake but donald trump doesn't matter with him or the media as far as their relationship because as we saw, before this election, the media was overwhelmingly going for the election and won the popular vote and the swing state and republicans took back the senate and held the house. he has a mandate and if he can accomplish all the things on your show and inflation and make us energy independent and bring down crime and the boarder and wars in crew crane and gaza and that's a huge success and bringing together the country that's deeply divided, that would make him an all time great president.
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stuart: next one is los angeles times planning to roll out what they're call ago new bias meter for articles on their website. the programs run by ai. that's quite a move on the los angeles times and impose ago bias meter and owner and publisher not happy with la times of yester year. >> gone to the far, far left, stu and that's hard in the business consider aguilar left media and pro trump voices on the eted toker board and we need to have balance and here from all sides as far as this president and administration coming in. i don't mind this idea at all. better than what we're seeing now. look, the la times knows that unless they start bringing in a wider swath of people into their people and namely conservatives and independents, they'll go bankrupt.
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stuart: it's aive toll move to the other side of the coin. joe, good stuff. see you soon. >> take care, too . stuart: jason, what's behind the rally? does it have legs? do you see anything on the horizon, which would kill this rally? >> so, some have been characterizing this as santa trump rally and it has been just that. corporate america bruceed not goodishings but great results this year. i don't know a single prognosticator that forecasted the 10% growth this year and three quart erics of the companies beat expectations and with respect to next year, i expected a above average economy, but modest equity returns and maybe 8%. this market is not a monolith. this is a great rotation is read
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before. i expect some modest selling early in the years and people have postponed capital gains but the bull market to resume in value stocks and cyclical stocks in the new year. stuart: that's a point about early to mid january. you can -- if you sell some stock and made a profit on the stock, you don't have to pay the capital gains tax till april of 2026, that's the theory; right? take your money, sit on it and don't have to pay the tax for about a year and a half. that's an attractive prospect. >> why not? a bird in the hand. access to your own money always is very powerful and not to mention, professional money managers could ill afford to fall behind s&p that's been ripping in year and they're no selling between now and end of the year for sure. stuart: i keep hearing about a flood of mergers and acquisitions coming next year.
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is that the way you see it? >> i am so fired up about this, i mean, in the last four years, mergers have come to a complete and utter grinding halt. one because interest rates were prohibitively high to finance the deals and two, the most heavy handed ftc ever. that's going to change. in fact, we expect a 20% increase in deal flow and almost $400 billion n of cash deals because of deregulation and sitting in a client's home right now and this business leader amongst many others i talked to and animal spirits have bye bye bye awakened and are indeed capital expenditure and merger and have clarity that they can move their business prospects forward so expect an onslaught of mna deals. stuart: sounds good and interesting and profitable for many investors actually. next year, jason katz, thanks for joining us. see you again real soon. >> thanks, stu. stuart: i want to bring in ashley at this point because of
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movement in stellantis. put it on the screen and up 2%. a slight recovery, ashley. ashley: yeah, it's rising this morning, stu, after the company announced former ram ceo will be returning that's stellantis' pickup truck brand and comes a week after former ceo unexpectedly resigned and market responding by moving higher on stellantis up 2.13% and more so by the way if you have a sweet tooth and like this story, mondalese exploring a takeover of h hersheys and, two giants in the candy market and one of the largest conglomerates and hershey's surging on that and mondalese down around 2%. stuart: i was born and raised rd
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with cadbury. a person of interest in united healthcare ceo murder and police think he hopped in a taxi shortly after the shooting. telling you where he was heading or where we think he was heading. doge wants to cut $2 trillion worth of government waste and some critics think congress has -- doesn't have the guts to do it. we'll bring you a full report from capitol hill on that. even some democrat haves a problem with the idea of preemptive pardons. >> i'm also very concerned about the idea of preemptive pardons and i think we should have pardon reform and it's a right of the presidents. stuart: house oversight committee chair james comer will take that on and he's next. ♪
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stuart: biden administration and some lawmakers are pushing back on doge's plan to cut $2 trillion worth of government waste. pushback is coming and hillary vaughn on capitol hill. what's the biggest obstacle at this moment, hillary? reporter: stuart, the biggest obstacle to doge is congress if they get cold feet. do you think people are actually going to follow through with what they say they're going to do? i mean, everyone says they want to cut stuff till it comes out of their pocket. >> sure, everybody comes home and preaches and then comes down and vote is down the river. the problem is in that room f. we get guts, we'll get it. i think the american public p it is. reporter: there's bipartisan interest to get government spending under control and that's when americans
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overwhelming voted for sending lawmakers to washington that will make sure we're using taxpayer dollars wisely. so democrats of every stripe are also open to working with doge from senator bernie sanders to congressman ro khanna but some top progressives in the house while saying they are open to judging every proposed cut based on merit, they're skeptical. >> progressives have always been for efficient use of tax dollars. fortunately elon musk has largely proven to be an efficient liar and self-serving flow to cat. i don't have high hopes other than ideas and progressives are always willing to vote for and champion good ideas. reporter: stuart, there'll be a mad dash to get this done and congress can't kick the can down the road and congress is gives doge till july of 2026 to get all the cuts done they want. congress will have to face this
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or if they're going to bail on it, this could affect a lot of lawmakers reelection chances in november 2026. stuart. stuart: got it. thanks, hillary. good stuff. now this, senator amy klobuchar does not support the idea, she's a democrat, she does not support the idea of preemptive pardons. >> i am not a fan of these. i didn't like the pardon of the president's son. i didn't think that that was prudent, but i also am very concerned about this idea of preemptive pardons. i am of everyone a very concerned about what trump will do with this justice department. so this is, you know, the president has this power. i would prefer that we actually trump abused this pardon power. i think that we should have pardon reform. it is a right of these presidents. stuart: all right, the powerful chair of house oversight committee james comer joins me now. congressman, what do you make of preemptive pardons for people
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that may be trump's future targets? >> well, preemptive pardons are corrupt by nature. it doesn't matter who the president is. but you look at klobuchar and other democrats coming out of the wood work criticizing joe biden and his family's influence peddling schemes and criticizing the pardons, where have they been for the last year and a half? that's my question to them. now of course they're concerned with trump, but you look at trump, he ran his campaign in a transparent manner by saying he felt like not only he but many of his supporters were unduly harmed by weaponnized department of justice so i think that what trump is talking about doing aren't to pardons, he's been very transparent with the american people about it and i don't think the american people will be surprised whereas joe biden told the american people he'd not pardon his son and we all knew that he would pardon his son. stuart: do you think he's going to pardon members of his own
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family? you've been investigating the family for a long time. think he'll do it? >> absolutely he's going to do it. look, that family took tens of millions of dollars from adversaries around the world and never paid a penny of taxes on it. violated the federal regulation act and according to six different banks, that was money laundering and list goes on and on of financial crimes. the only reason joe biden pardoned hunter a little early is because hunter was being fixed to be sentenced to prison this week. jim biden, he can wait a little longer and other members of his family, if you had a more browed department of justice that -- broad department of justice that could get information from the government, all the information i got in my investigation, stuart, came from private banks and private individuals. anything i needed from the biden administration, they absolutely prevented me from having any information that we should have gotten, even with subpoenas. i believe that joe biden will
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pardon at least one more if not multiple members of his family. stuart: i want to get back to doge, department of government efficiency. you met with musk and vivek ramaswamy on capitol hill. what do you think they can realistically get done in trump's first 100 days? >> well, i think there's lots of areas of waste, fraud and abuse where there'll be support among republicans to cut. i would love to see $2 trillion cut out of the federal budget. i think that's very aggressive but i'm all for it and there's not a number that scares me, stuart. there are a few members that they've been in congress for decades and never nominated a single cut to my knowledge. it was funny that progressives on there, they've never -- cut isn't even in their vocabulary, but i'm confident they can focus on rules and regulations that are costing taxpayers hundreds of millions of dollar as year. i'm very optimistic that doge will be successful. a lot of people are criticizing
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doge. i'm glad there's somebody in the administration that's willing to step up to the plate and actually make tough decisions. i'm going to work with them, and i know my house oversight committee will work closely with them and hopefully we can see significant savings in taxpayer funds wasted up here every day. stuart: congressman james comer, thank you for joining us this morning. always appreciate it. see you again soon. >> thank you. stuart: laura trump is stepping down as rnc cochair. good morning, madison. madison: good morning. stuart: what's next for her? madison: looks like she's angling for the senate seat in florida. she's widely viewed for marco rubio's seat because he was nominated as secretary of state. on x she said as rnc cochair, they accomplished the three major goals: record breaking fundraising, building an army of launchers and poll watchers and turning out low propensity voters and she's looking for something new. fox asked her about the senate spot and if her last name would
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help her get that position. take a listen. >> if that's something that's put in front of me, it would be a true honor but yeah, look, i think probably my last name does heighten by political profile a little bit, but i've got a proven track record. i've been cochair of the rnc during the most consequential election of our lifetime. we were so proud of what we did at the rnc making sure there was election integrity, making sure we got early vote out and turned out low propensity voters and raising huge amounts of money. my track record speaks for itself. maybe having the last name trump is a little extra and i'm always happy to have it. madison: she's very happy to have that last name and many people close to the president elect endorsed lara trump for the role but comes down to governor ro ron desantis decembr and rubio had an interesting relationship. the word on the street is that
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relations have improved between desantis and trump and talk that desantis could be in president elect's c cab note so he -- cab set so he has the president'elect's ear. stuart: look at markets and a little red ink scattered and dow off 80 and nasdaq down 90. how about the cryptos? where are they this morning? bitcoin cross $100,000 briefly and came back down again. ethereum on a tear and now back down a little at 3800. coming up, jury deliberations back underway again in the subway choke hold trial. they'll decide whether daniel penny should be convicted of criminally negligent homicide and we'll monitor it closely and bring you all the updates. president biden appearing to take credit for assad's down fall in syria. >> main backers of assad have been iran, hezbollah, and russia. all three of them are far weaker today than they were when i took
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office. our approach has shifted the balance of power in the middle east. stuart: who should really get the credit for what's going on over there? kt mcfarland has the story and she's next. ♪ what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like ai. and how the industries born to support ai might better support us all. better questions. better outcomes. an alternative to pills, voltaren is a clinically proven arthritis pain relief gel, which penetrates deep to target the source of pain with nonsteroidal anti-inflammatory medicine directly at the source. voltaren, the joy of movement. oh, we got a weathertech gift card!
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stuart: ashy back with us and i want to know what's going on with nvidia, what's going on? ashley: it's down 3% after china launched a probe, an investigation, into the chip maker over suspicions that the company violated antimonopoly laws. beijing looking into whether nvidia's purchase of israeli networking hardware company could violate monopoly laws. that news has pushed the stock down 3%. meanwhile next stop is real real. online marketplace for online luxury consignment goods and surging after wells fargo grade it had to overweight citing a promising turn around and wells fargo lifting the price target
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from $4 to $15 and at $9 and up 41% or $2.66 or thereabout. stu. stuart: that's quite a recommendation. 40%, good lord. thanks, ash. i'm going to turn back now to the conflict in syria. president biden called assad's fall act of justice. what's going forward? reporter: stuart, the president called this a fundamental act of justice and gave credit to the u.s., israel and also ukraine for weakening assad's backers being russia, iran and hezbollah. now the administration is monitoring basically for assad's whereabouts mid news that he nay have fled to mas cow and also -- moscow and carefully guarding against any bad actors taking advantage of the power vacuum that exists right now. >> from our perspective, it's good he's gone. as president biden said, there's risk and uncertainty about what
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comes next. there's a opportunity to build something better in syria, but there's concern that terrorists, jihadists and other people not having the united states best interest at heart to say the least could take advantage of this. reporter: yesterday they took auto75 isis targets in syria and u.s. has about 900 troops working with the kurds against isis resurgence and biden said his intention is the troops remain but the u.s. will engage in all syrian groups in an effort led by the un to establish a transition away from the assad regime towards a new independent syria and a few constitution and government thad government that servings its people. >> looking ahead, the united states will do the following. first, support syria's neighbors including jordan, lebanon, iraq, and israel should any threat arrive from syria during this period of transition. i'll speak with leaders of the region on the coming days and
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have long discussions with all of our people there this morning. i'll send senior officials from my administration to the region as well. reporter: another thing we're watching, both biden and president elect trump tributed assad's -- attributed assad's fall to russia becoming weakened in the fight against ukraine and no longer supporting assad. trump urged a ceasefire in ukraine writing on truth social, i know vladamir well, this is his time to act. china can help. the world is waiting. both biden and trump have also said another goal is bringing home american who is are held captive there, including austin tice, who the administration says they believe is alive and are now working to establish where exactly he is. stuart. stuart: jacqui, thank you very much indeed. we have this news coming to us. the jury in the daniel penny case reach a unanimous verdict on the lesser charge of criminally negligent homicide on the death of jordan neely.
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the crowd in the courtroom erupted in clapping -- i don't know about cheering but applauding the verdict and daniel penny himself was smiling and once again, a unanimous verdict of not guilty. the jury only deliberated for one hour. straight out with it. i want to bring in kt mcfarland because we're going back to talking about the mideast at this point. biden claims credit for the changes in the mideast. think he deservings the credit or should he go to israel and trump? >> this is a joe biden that said to iraq here's weapons but don't use them. joe biden will get egoer and he'll pull america into a middle of multisided civil war. we don't belong in the middle of multisided civil war in syria. as president trump said, let things play out and see what opportunities come down the road. but don't for whatever you do send in ground forces and don't start bombing everybody.
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stuart: he started with that dozens -- several dozen strikes by our military on targets inside syria supposed to be isis camps. so we are taking action already. >> yeah and that's the danger. we have to learn the lesson about iraq and vietnam and afghanistan, don't get in the middle of somebody's civil wars. is this good guys? likely and bad guys? very likely and they'll fight it out almost immediately as to which rebel group is in charge and we don't belong in the middle of that. stuart: got it. let me change the suability. tram subpoena calling for immediate ceasefire in ukraine. on truth social he posted zelensky and ukraine would like to make a deal and stop the madness and they've reigns re-dk louisly lost hundreds of thousands of soldiers and many
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more civilians. think something might happen before the inauguration on january 20th? >> coming up before the inauguration or shortly there thereafter. the biden administration is the ones telling ukraine to keep fighting and we'll give you whatever you need. they've been in the way and what happened when president trump went to notre dame and talked to zelensky and signaled i'm ready to go to the negotiating table and he knows putin is ready because of what we saw in syria and last week the russian ruble administration will do anything other than stand in the way of it. it'll happen soon after trump takes office. stuart: seems like just over the weekend, the prospects for peace in ukraine and russia and a rewriting of the political map of the middle east. that all took place over this past weekend. would you say that?
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>> yeah, absolutely. arab and russia are now -- iran and russia are greatly weaken sports grilled see the example of why and how they were weakened through syria and iran is weakened with what israel did with hamas and hezbollah. iran has to be ne nervous with donald trump coming to office and re-imposing the sanctions and not able to sell the oil and the energy price driving the price of oil down. there goes iran's income. iran will have to be really nervous about keeping their leaders in power. the mullahs have to be looking at assad saying two weeks he looked indestructible and now look at him. the whole map is being rewritten and iran and the energy policy. stuart: kt mcfarland, all good stuff. thank you very much. see you soon. coming up, baseball star juan sotteau just secured the largest deal in professional sports history. we'll tell you how much he's going to be making and where he's headed to play.
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stuart: getting back to this, it's breaking news, jury in the daniel penny case reached a unanimous verdict and penny was found not guilty and lesser charge-over criminally negligent homicide in new york subway death of jordan neely. we now know the courtroom erupted in cheers and only took about an hour of deliberations. protesters outside the courtroom, this is not good. they're shouting no justice, no
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peace. we're waiting to see if penny's lawyers come out and speak to reporters outside. where'll bring it up to you when we get it. back to the markets and citi group released forecast for 2025 and s&p 505 is going to -- s&p 500 going up 45 points from where it is now and they say expect more volatility next year, but that's a strong forecast for the s&p from citi. a new house judicial report claims the feds are using banks to surveil our personal financial information without a warrant. grady trimble joins me. how exactly are they doing this, grady, and why? reporter: it's a federal law called bank secrecy act and request financial info and no warrant necessary. the intent of the law when passed back in the '70s was to help the feds crack down on money laundering and terrorist activity, but in the new report
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the house judiciary committee and weaponization subcommittee alleged "the fbi has treated financial institutions as de facto arms of law enforcement". the report says financial institutions filed 4.6 million of the reports last year with the financial report information network and that's a 118% increase in the use of that report request process compared to ten years ago. but finsen is defending itself saying every year law enforcement relies on suspicious activity reports filed by banks and other institutions to help stop drug traffickers, human smugglers, public corruption, organized crime and terrorism. having effective anti-money counter financing of terrorism laws in compliance programs protects our financial system and the american people. the judiciary report suggests some legislative fixes to better
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protect american's financial data. some of those suggestions include alerting people when a suspicious activity report is filed on them because right now it could happen in&you wouldn't even know it, stu. they want to require a warrant to get access to financial info. we'll see if any of those legislative changes actually happen. stuart: we shall see. grady trimble, thank you. wall street journal reporting that young men are making big bets on two specific subjects. what are they betting on? madison: t crypto and politics. betting and investing. it is very volatile and young men hold the largest shares of risky investments but right now, they are paying out big time. so 42% of men between ages of 18 and 29 have a stake in crypto. comparing that to women it's just 17%. since the election as we know, bitcoin cross that had $100,000 mark, and you can see that it's really been on a tear since early november.
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bitcoin bros are rejo rejoicingd many not just celebrating this but trump's big win because they won big. politic betting and based on $166 million in bets on the presidential race, which we know online betting was favored towards trump, 85% of the people that were betting on that platform are male. 85%. and the majority are under the age of 30. now, traditional investors warn these types of investments are risky, but the men that have been talked to about this portfolio say they feel they have to make risky choices because they feel that in order to win in this world where you see high inflation, changing economy and changing work force, odds are stacked against them and they want to swing big and hopefully hit it out of the park where they are right now but big upside could be big downside. stuart: that's fascinating. men and women politics and betting. madison: numbers, yes. stuart: thank you, madison. baseball star juan sotteau signed a record-breaking deal
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with a new team. ash, i want to know, how shall is he going to get, for how long long, and where is he going to play? ashley: it's eye watering. he's going to go to the new york metz on a massive 15 year, $765 million deal. yes, that is the biggest contract in sports history. also makes sotteau the highest paid player in baseball by basically almost every measure. the contract exceeds that of super star shohei ohtani, who signed a heavily deferred ten year, $700 million deal with the dodgers one year ago and makes mike trout's deal of $620 million look like chump change. aaron judge, $360 million, half of what sotteau is getting, his former teammate and the average annual wage for a baseball player contains no deferred
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money. soto by the way is 21 years old and unless he exercises his right to opt out of the contract, he'll be playing for the metz past his 40th birthday. soto in high demand including from the yankees and his former current team and red sox. in the end, mets owner steve cohen wrote the biggest check. a really, really big check. he doesn't have to move far. he's going from the yankees to the mets. stuart: just across town. simple as that. thanks, ash. it's that time, we better show you the dow 30. that's almost even split between winners and losers, and the dow is down a mere 24 points. daniel penny has been found not guilty on lesser charge of criminally innocent homicide in the new york city subway death of jordan neely. we're waiting to see if daniel penny's lawyers come out to speak to the media. they may at any moment. we'll bring it to you when and
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. stuart: daniel penny found not guilty on a charge of criminally negligent homicide in the subway death of jordan neely.
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would you explain this to me, katie. one charge, a more serious charge dismissed on friday. on monday morning after just one hour of deliberations, the jury finds him jew anne donovan mousily not guilty on another charge -- unanimously not guilty on another charge. what happened? >> it's surprising and last week the jury came back and together the judge they couldn't reach a verdict on the manslaughter charge and that was one significant charge and that means there was one jurorrer that wanted to convict on that -- juror that wanted to convict on that charge and legally speaking the only distinction between manslaughter and negligent homicide is the knowledge of the defendant in terms of whether they're knowingly disregarding a significant risk of death or they're negligently regarding louisiana that risk of death. this aequitiesal that was ewe anne donovan -- acquittal being unanimous is surprising given the friday remarks of not being
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able to reach the verdict. stuart: does this mean if a good samaritan goes to aid of someone on a subway or elsewhere and hurts that person, they're free from prosecution? >> that's a good question. i don't know that anyone wants to take tafanely risk. look what daniel penny went through to reach the acquittal and it was a nightmare and to be accused of that is very troubling to deal with. i don't think this sends a very good message to the city of new york and people in this city and he wills where. stuart: we're told there's demonstrators outside the courtroom and they're chanting "no justice, no peace". that's kind of ominous, isn't it? >> it is, and i think that a lot of those people seem to have kind of misunderstood the nature of this situation, which is very tragic. somebody did die, but the idea that somebody died does not mean that something criminal happened. in self-defense cases, somebody can use even deadly force to defend themselves or other people if it is warranted under the circumstances. this case had reasonable doubt all over it and i don't think
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there was any racial element to it aside from the identity of the people, but there was no racial bias given. stuart: think the case would have been brought if daniel penny had been black and the victim was white? >> i think that's an underlying consideration here. it's the optics of it based on the identities of these people but in reality, the evidence had nothing to do with the race of the victim or of daniel penny. stuart: those are pictures from outside the courtroom. i believe there's some shouting, i believe the lawyers for daniel penny have come outside and they're trying to speak to the media. seems like there's something of a chaotic scene outside the courtroom. many demonstrators are not happy with a not guilty verdict that went to him. let me change the subject for a second, katie. there are reports -- okay. we don't have time. sorry. i've got to say thank you very much for being with us. >> thank you. stuart: more varney after this.
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>> i probably do 48, on average let's go with 40, number two. stuart: i'm a guy who has 36 on a good day, what is the answer 48.6, that equals to 70000 thoughts a day. on the united healthcare ceo murder as source with knowledge investigation tells fox news a suspect in altoona pennsylvania matched the description and has assembled a gun and has been questioned in connection with the shooting the man was spotted at mcdonald's in altoona throughout the day fox business will keep you up to speed with what's going on, that is it for "varney & company", "coast to coast" started approximately six seconds and it will be neil cavuto on "coast to coast". i'm accounted on three, two, one. it is yours. >> is actually david asman, thank you very much you came close but we have a lot of
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