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tv   Varney Company  FOX Business  December 13, 2024 11:00am-12:00pm EST

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>> everything is setting up to really have a super charged economy and stock market. you talk about the rally and i think it's got moving really long legs. >> wants to get government that allows capitalists to put
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excellent economic success. >> nobody should be against removing the public safety threats from the community. i'm not asking immigration officers but asking you to help me find public safety threats. >> the more responsive the system has to be. and of ultimately those supporting union activities and union agendas are going to have to respond. >> if you put somebody in the white thaws that measures health of u.s. economy based on stock market, it's a bad bet to think the stock market will go down. >> probably the most overused terms, billionaires and millionaires, these are successful people. stuart: johnny mathis with christmas music. >> it's the trump dance that everyone can do. stuart: let's get on with it.
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friday, december 13th. 12 days to christmas and 12 somedays to hanukkah. markets turned south and red ink across the board, not that much, dow off 11, s&p down 10 and nasdaq down 67 points. big tech, they were all up and now mostly down. they're all down. and all in the red. 10-year treasury yield going up to 4.37%. that's the markets and now this, the president elect plans a dramatic start to his administration. the action begins at 12 noon on january 20th. that's the moment the second trump presidency hits the ground running.
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incoming president president doesn't want that and it's tied up for the loose end. he's met with the formally antagonist ick mark zuckerberg and accepted a million from him for all the inauguration. dinner at marla go and deportation ovmigrant criminals is not exactly a loose end and it's an issue on day one. trump is moving to nip the opposition in the bud. the mayor of new york after meeting border czar tom homan said the city will not be a safe haven for criminals by january the to the, other cities and states may have fallen in line and and there'll be hell to pay if the hostages are not out by
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january to the. everyone wants to clear that up and soon. there's a great clearing of the decks going on. third hour of varicose veins n starts now. varney starts now. ♪ ♪ stuart: it's friday. tammy bruce on the show. >> later than usual. it's the 11:00 a.m. hour here. very excited. stuart: you had a lie in this morning. have you seen an administration off and running so quickly? >> the unique situation and this is not only does he have a lot to do and only has one term and midterms that will come up. he ran and not what he does and
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every senator wants to be president and that's what's going to be on his resume and be like barack obama now he's added that to deal with the damage that's been done over the last four years and he -- they've known what's going -- coming up and they are ready to hit the ground running, thank god. stuart: indeed. islam phobia and anti-arab hate. got it. where's the strategy against anti-semitism? >> i think it's weird and israel that's done the most. googoing for the live of the people in the middle east and weakened iran and then of course is using arabs around the world and cannon father and thank netanyahu and jewish people and israel for taking that down a bit and syria situation that has
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to be dealt with and here in america, the you hatred on display and more than a year after the october 7 and going to be shocking and seen through the universities and then in general in society, seems once again it's a political mule move. that's no way to run the country and insult to everyone involved and help americans who are of arab dissent and jews and everyone else by helping americans by making america great. that lifts everyone up and it's the end of identity politics and you can see how awful it ends up being. stuart: it was yesterday.
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>> this is what's bizarre, overwhelming public vomiting of jew hatred by a very small, you know, special interest groups, that has to be addressed and it never has been and he says instead, which on the flip side implies that other hatred doesn't need to be dealt with and we're not going to touch that. that's awful. stuart: always good to see you, tammy. very special. >> january 20th can't come soon enough. stuart: thank you, tammy. back to the markets. >> president trump has his extra
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two months and getting his things in order and already getting what he wants to get done done. that's a big push for the markets. and economy and interest rates that he wants rates to be lower and fed's already were bier looking at about 90% and interest rates lower in the coming year and another tail winter storm for the market and the economy is sensorineural vent and strong and inflation starting to somehow down a bit and the economy is holding up. and then less regulation and add all that together and going higher. stuart: going higher. 12, 13 years since we had a market that just went like this. we've had a bull market for seems like s15 years to me. >> yes, there's been blips along the way, stuart and sometimes we've had a couple of down years
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in there and couple of flat years in there but really when you look back, if you expand for time horizon past years and out to 50 years or 100 years and market ends it to go higher. >> we remember that. stuart: yeah, you didn't make much money in the stock market and worries people like me getting another decade and trying retire my money. >> you are but in the 70s you didn't lose money. i don't know where you'd have put your money anded better. and that one specific time, you wouldn't have gotten the returns as other times. the biggest mistake is we're going to move to this and i'm
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now going to move to stuart: there's a risk in stocks of all these years and going into a treasury security and a mutual bond fund paying me 4 or 5%, dead safe? what's wrong with that? >> you could and if you remember, a year ago, you said the exact same thing. because the market being driven. stuart: i have a year less to live. >> yeah. i can't keep arguing that point. i think it's not like you've stopped buying green bananas and you plan on being around for quite some time. so with that, you this will map that will happen in the time
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frame hawaii worked for the last 75 years, i bet will continue to work. stuart: okay. to be continued, okay. ashley, tell me about airbnb. what's the problem here. ashley: well, the rental outfit once again cracking down on new year's eve parties, how? well, by rolling out their antiparty technology around the world to prevent unauthorized and disruptive celebrations and not sure how this works. 10 million blocked for making a booking. and how did they know they'll throw a wild party. take a look at tess la. they released new self-driving technologynology in china and calling smart summen and it allows vehicles to autonomously drive from parking lots to a nearby location within the
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driver's virgin islands and real syfy stuff and tesla up 10% and absolutely surging past that trillion dollar market cap this morning. the company predict ago big boost from ai sales in 2025 and along the way lifting other chip makers higher and micron up more than 2% and by the way, micron reports its earnings next tuesday. but look at chip makers go. stuart: watching them go indeed. thanks, ash. coming up, trump back in the oval office and one of the first targets is to lower grocery prices. watch. >> old woman went to the grocery store and put three apples on the counter and saw the price and left with two apples and the woman at the counter said i was so sad. that should never happen in america. stuart: he wants to get grocery prices down. bar rescue guy john staffer will
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join us shortly. does he think trump can do that? can you prices down. white house dismissing concerns and people want answer and we're not getting it. we have a report on that, next. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. y'all see this, patrick mahomes is saying goodbye!
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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.
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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: mysterious drones seen flying over new jersey and now seen in connecticut. what can you tell us about this, nate foy. reporter: it was a busy night in
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new jersey and new york and sightings in connecticut and even california as well. and now staten island official thes are requesting nypd to investigate these drone sightings and take a look at triple box with some of the recent sightings from overnight. white house and fbi both came out and said there's no evidence to suggest that these are dangerous or belong to a foreign country. >> i don't believe the united states of america is with the capabilities does not know what the objects are. reporter: white house claims some of the drone sightings are manned aircraft and a drone expert tells fox he agree withs that. >> evidence of infection this looked at hundreds of videos at this point. every one of them is an airplane. do not be scared. sleep well at night and be worried your neighbor is a bad
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pilot with a small drone and crashes into your window but in terms of large drones flying over, unfortunately they're just not this. reporter: but, new york senator said we need to investigate all possibilities including that a foreign adversary is launching drones from the ocean. >> wouldn't be hard for adversary to have a ship in the area, festivus they just pay a shipping company to carry their cargo. it's very complex. >> you don't want to shoot a drone done over a city. that would be dangerous with collateral danger on the ground. reporter: there are safe ways to capture these drones. stuart: benjamin netanyahu want as gaza and ceasefire deal.
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mr. ambassador, is this statement a gift to trump from netanyahu? >> i think what it is is a recognition that iran is now looking over biden's shoulder at trump coming into office. and telling their proxies to ratchet down and net ragaini hue sees that as a opportunity -- netanyahu sees that as a opportunity to pressure hamas more a deal now. stuart: from your perspective, will a deal happen before inauguration? is the pressure sufficient? >> yeah, i don't think so. i think hamas, it's influenced by iran and it's paid formy by iran and is not controlled by iran. i think they're still going to hold out. also what they've done including if you remember last week rendition of anthony leasing this video of american hostage and they're trying to continue
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to leverage these hostages as a way to avoid that kind of heavy pressure. stuart: do you think the -- i'm political and diplomatic map of the middle east has been redrawn largely. can we use this situation for regime change in iran? can we go that far? >> i think the iranians can go that far. if the u.s. instigates that, it backfires on us but the pleasure is on for the maximum pressure policy and loss of influence in the middle east and reassignment of israel and saudi arabia and some sort of settlement in the conflicts we've seen so far and houthis and that may show a lot of weakness in iran that can cause the iranian people to think the time is right. stuart: the parliament wants america to send black hawk helicopters to ukraine and she wants to use them to take out
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russia's drones and now we just received this and literally just getting it and president biden has announced a $500 million weapons package for ukraine that does not include the black hawk helicopters and doesn't that change the situation and these talks in russia and another $500 million worth of stuff? >> well, i think getting ukraine in a strong of position as possible is necessary to get putin to take seriously the idea of having some kind of peace. putin thinks he can win and destroy ukraine and massive barrage overnight on energy structures in kyiv and putting in a lot of the other parts of the country in the darkness. i think publicly tin thinks he can fight this out and it's very important ukraine get military equipment to hold them off and that it gives trump a opportunity actually to persuade putin it's not worth continuing to try and fight. stuart: think they should get
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black hawk helicopters for weaponry? >> i simply don't know whether those are the capabilities that ukraine really needs. air defense is something they critically need and just again saw the missiles and drones launched at crew crane overnight and drones and missiles and need better air defense and steady stream of ammunition to go through that and trying to hold the front line. stuart: thank you for joining us. appreciate it. see you again soon. stuart: necessary. now this, premier at alberta, an data committee, announced a plan to secure the border with the united states and responding to the pressure. what's the plan, ashley? ashley: they're indeed premier for them on the strategy platform saying alberta will take immediate action to secure the northern border and combat criminal activity such as trafficking in ill illegal migration and plan includes 51
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uniformed officers equipped with combine rifles and ten support staff including data committees patchers and analysts and four drug patrol dogs and 10 cold weather surveillance drones with dedicated pilots and narcotic analyzers to test for illicit drugs and 1.2-mile deep border red zone which will allow sheriffs to arrest individuals for trafficking illegal drugs, weapons or crossing the border cpi music of donald trump and all law-abiding citizens. good stuff. stuart: yes, it is. thanks issue ashley. coming up, trump's win created a wave of optimism in the country and john taffer telling me about the optimism. he's next. ♪ joy to the world, the savor reigns, that lets the song
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of the bulge. nas dax downing 55 picks. murphy is here with his stock picks. didn't they ipoed yesterday in >> they did and priced this deal as 71, stuart. opened up at 101 so a huge pop and rallied a bit there and not jumping in if you don't own it and jumped nap and buy today, i'm not saying that. but it's a company that's done very well in the private markets and seeing if you can get in closer to the fuel price and why and over the course of the next year, big appreciation in the name. software for blue collar industries like plumbers and they kind of have a niche that's worked really well for them. stuart: you're recommending uber and i have a bone to pick with you. suggest i buy this thing and i d. went up to 90 and now back to 60. where's it going?
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>> set the record straight going in the 20s and up to 87 and now it is here back at 60. i just wanted to point this out for the people watching at home. the price has told you something has changed and something is very wrong with the company, 87 down 60. but absolutely nothing has changed and what's happening here is there's talk of waymo, which is driverless cars going into markets and speculation they may take markets and that's going clearly to change with this company and it rallied going for them and they're going to continue to post strong growth and strong earnings. stuart: i'll keep it. thank you, mike. trump acknowledged cut in grocery prices and they'll be very hard. i'd like to bring them down and hard to bring things down once they're up. i think energy is going to bring them down and i think a better supply chain is going to bring them down.
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bar rescue guy john taffer makes a return to the show. can trump lower price s? >> stuart, there's a lot of spspokes in that wheel. manufacturing, trade deals, distribution, cost of distribution, transportation costs, packaging costs, there's a lot of elements to control the prices and i might add they don't think the average ceo wakes up in the morning and figuring out how to lower prices and i think trump can make a big difference, stuart. it can affect so many of them and reduce and upping production capacity in certain areas and can reduce cars and raising income and optimism in the water place and going for the impact on all of the businesses and even when inflation is still in place. stuart: i'm intrigued at what i think is a wave of optimism that's gone through america. that's the way i perceive it and the people around me. there's a new optimistic
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outlook. see that in the restaurant business? >> big time, stuart. including people that voted on the other side are feeling it. you know, i want to remind you ain all the years we've spoken, we went through covid and restaurant industry went through hell and went out of covid into inflation impact, labor issues, all sorts of issues and we've had a five, six year run that's been very, very difficult for my industry. this optimism is very, very welcome and let's remember when the optimistic environments like this and people spend more and go out more and more festive and go out to din have a cocktail and go out on friday night and this can turn into action. we had that type of revenue and energy to the industry, stuart, we can get past many of the issues and i want to add the regulatory impact. we'll have certainty with regard to taxes and we're not going to be worried about that . i think we can have some certainty that we'll see
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interest rates down a bit and we're going to get control and certainty and less regulatory restrictions upon all of us. those are powerful things to help fuel my industry. i want to remind us they're fueling growth for them and it's the optimism coin. stuart: have you heard about this, waiters and bartenders in washington dc say they'll make sure the incoming trump administration people don't feel welcome and employees promise to refuse service to employees and small acts of resistance to take back their power. i don't care for that, jon, i'm sure you don't. >> who's the idiot then, stuart? stuart: i like it. i've got to get this in, jon. let me go on. new department with shift four for the sky rescue mission and there's five winners and each
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received a $20,000 grant and consultation with you. you were one of the judges i think. but looking for what choosing the winner s? >> we love stories and businesses that are connected to community and going for one of the winners if the black-owned comedy club in harlem and incredibly community minded doing civic work and another was a coffee shop operation and giving the profits back to the community. the shift owned by jared isaacman is the civilian spas walk a few weeks ago and very, very dear friend of mine and really helping their communities and going to help themselves. stuart: isaacson is leading nasa in the future, isn't he? >> he s. coming on board to lead nasa, unbelievable. think about the guy that's been all about space and it's his passion and to think that now he's going to put his fingerprints on nasa and future space travel is very, very
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exciting. working together, there's a great sense of community in helping and our way to help the five businesses and their communities and we're excited about it. stuart: you've got a good partner on the show. and >> you just heard a few of the reasons that energy costs are a big one and another one that wasn't mentioned is crime. you know, crime has an impact and you can't really put an exact dollars and cents number on it. and in retail you can and hospitality and going to impact by this and criminals left on the street and left back out on the street. we get back to more law and order in this country. going to see grocery stores and coming down for certain. stuart: thanks very much indeed. speaking of high prices, come back n ashley. prices absolutely soaring.
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ashley: how about droughts, frost, floods, high temperature and how about unpredictable going for them and it's the culprit in places like brazil and larger coffee exporter in the world and price of arab kansas city chiefs coffee beans spike to $3.50 a pointed and you happen 70% this year and highest price in nearly 50 years. meanwhile the price of robuster, that's another coffee variety is also up 80% this year because of crop is issues and top producer vietnam and smallest supply comes as demand for coffee grows and companies are being forced to pass on the cost to consumers and until crop yields improve, it's not enough coffee going around and prices remain sky high and don't know about that coffee you get at mcdonalds, stu. it's going up everywhere. stuart: okay, i got it.
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president trump stopped construction ons border wall and piles of steel are still being auctioned off as scrap and getting pennys on the dollar and we have a story on that . reports of things told migrant shell fertilizer massachusetts. officials are apparently not doing anything about it. carine hajjar has been investigating and she'll tell what you say she found. that's next.
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♪ i'm on my way ♪ ♪ home sweet home ♪ there's no place like the road home. receive a $5,500 bonus on a new 2024 audi q5 plug-in hybrid during the season of audi sales event. stuart: look at big tech. they're all down. alphabet, apple, amazon, nvidia, they're all down. administration racing to auction off part was the border wall that was never used. william la jeunesse is with us. am i right saying that steel sitting around rusting being sold for pennys on the dollar?
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>> yeah, stuart, you and other taxpayers are take ago bath on this, and the irony is it's been sitting around for four years and four weeks before trump takes office and wants to use it. biden is selling it for pennys on the dollar. this has been a debacle from the beginning when president biden stopped construction of the border fence and abandoned millions of tons of steel. where is it now? huge sections we found yesterday being trucked off the border sold at scrap and tons of it at auction sight near tucson and three of them meaning biden team selling $350 million with lights, cameras, wires and pvs and expensive items and according to the auction side and bids around $5 each at 40,000 pounds of finished steel. >> i mean, honestly that's just
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a slap in the face not just to the agents out there working but the american public as a whole. they could have left the panels alone. >> last year we know the biden administration told more than 700 of the 30-foot steel segments for $200 a piece and taxpayers took a loss of roughly $10,000 for each bollard. 250 was under construction when biden stopped the project refusing to fill in the gaps in the fence that border agents begged him to as migrants steam to do the this is a pile i found near yuma three years ago. >> message the white house, i will bid on all that wall and we'll buy it in texas and we'll give it to donald trump. >> sabotaging the incoming administration going to get it done. after our report last night,
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stuart, auction site took down the web pages and canceling the sale of tons of this stuff scheduled for next wednesday and who okayed this mess? we're getting a run around. sending us to secretary of defense and they have not answered our e-mail. back to you. stuart: why am i not surprise for that? former director at one of massachusetts migrant shelters. he says there's widespread violence, child sexual assault, rape at the shelters and carine hajjar, boston globe editorial board, you dug into this story. what's really going on at these shelter s? >> what's going on is that the state, another example of run around. this shelter manager john fedderton heard a confession that he raped his daughter through an interpreter and police official service there is instead of the man being
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arrested, he was therefored to another shelter and going for them and going for the records request and they can't honor my records request. the district da told me there's currently no charges so really shocking story. stuart: the governor of massachusetts says they're going to fight the deportations and not going to allow the police to be involved in the deportations, does that effectively mean that massachusetts is protecting criminals in these shelters? >> it can mean that, look, massachusetts, our law and courts ruled we cannot honor detainer request from isis and have somebody brought in from container from ice and hold onto that person they can't do so. they've become this huge debate and a big debate going into the trump administration and tom homan is saying we're going to
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go after especially criminal migrants stuart: okay, senators warren and sanders and representative aoc made sames that seem to rationalize and even justify killing of united healthcare ceo brian thompson. watch this, please. >> this is not to say an act ovviolent is justified, but i think for anyone who is confused or shocked or appalled, they need to understand that people interpret and ex-perns denied claims as act of violence against that . >> violence is never the answer and going to get a trial that allegedly killed the ceo of united health and can only push people so far and then they start taking matter into their own hands. stuart: what? what? why can't they just come out and condemn a murder and leave it at
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that? >> murder of fellow american, a father, a husband, it's unbelievable they would talk this way. politics should know better and they get threats all the time. think there'd be empathy of being a public facing person. if they want to talk about insurance, which clearly they're passionate about and why bring in somebody's life that was lost into this? talk about biden and trump administration trying to bring about more price transparency and the price of insurance in some cases is growing faster than inflation or a man that lost his life. doesn't make any sense. stuart: it does not. it's a disgrace. thank you very much indeed. stuart: the governor of virginia is going after sanctuary cities. ashley, what is he doing? ashley: the proposal is banning sanctuary cities and states and counties and independent cities not complying with ice and
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virginia governor said criminals in the united states illegally will be turned over time grace officers saying that local government haves to stop the cycle of violence and crime. incoming border czar tom homan showing that he'll use the might of federal government to enforce compliance with the law, watch. and watch. >> i made is very clear with eric adams yesterday, we're going to be lay censor focused on day one out of the gate and public safety threats and national security threats and that's our priority. we have plenty to find. under this biden administration, the removal of criminal illegal aliens decreased 74%. ashley: of course homan will face resistance to this. sand yay owe county board of supervisors passed a resolution this week to restrict local law enforcement from cooperating with ice.
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stu. stuart: friday feedback is next, which you can play. >> i count that as a win in the trivia. stuart: you do? all right. check out the dow 306789 a sense of the market. that's what we say every time. i sense there's an equal number of winners and losers, red and green about matched there and dow going nowhere and down a mere 7 points. ashley and i will respond on friday feedback next. ♪ ok y'all we got ten orders coming in.. big orders! starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy.
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stuart: here we government it's friday feedback time. ashley, it is just you and i today. the pressure is on. this comes from caitlyn and writes, do you prefer a real or fake tree for christmas? you first, ash? ashley: oh, boy. you know what, i've been going fake recently but really deep in my heart, i always love a real christmas tree. i lived in montana and went out and chopped one down and slid my car in a ditch and had to be
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pulled out. don't have a good history. stuart: firmly in favor of real christmas trees. that's the way i like it to be. that's my preference. from scott, inquiring minds want to know, when is it appropriate to stop putting umm christmas decor? when is it appropriate? depends on you. i mean, i don't mind putting up the day after thanksgiving. personally i'm more in favor of mid december so you compress the christmas season a bit. ashley: yeah, day after thanksgiving has become the tradition, stu. i'm really lazy and procrastinate when it comes to taking them down. i was living in london i left them up till april once. stuart: oh, you're terrible. that is terrible. you were younger there and less wise obviously. ashley: yes, exactly. a good question from anne marie and known to sing this on the
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air, who was king witness luisa last and the king of steven? he was a polish nobleman and i'm not sure. good king looked out on the feast of steven. i don't know what the feast of steven is, do you? saint steven? ashley: i thought it was the day after christmas and so we call it boxes day in many countries but i think the feast of steven is actually the day after christmas. i have no idea where that came from and could be making it up. stuart: i know two verses of that and i sing it every year. this year probably not on the air. stuart: oklahoma how many born in america, 3.9, 3.79 million? the answer when we return.
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with dexcom g7, managing your diabetes just got easier. so, what's your glucose number right now? good thing you don't need to fingerstick. how's all that food affect your glucose? oh, the answers on your phone. what if you're heading low at night? [phone beeps] wow, it can alert you?! and you can even track your goals. manage your diabetes with confidence with dexcom g7. the most accurate cgm. ♪ learn more at dexcom.com stuart: how many babies were born in america in 2023? 3.49, 3.69, 3.79, what is your guess?
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ashley: i will go high, number 4, three. 79 million. stuart: i'm going to go low because i was told fewer babies were born that year than in many years which i will go with 3.49 million. reveal the answer. 3. 5 million, the birthrate is on a decline with 2% and 23, it has declined 17% since 2007. ashley, have a great week, a good week of exciting shows coming up next week especially monday. may must will be on set, elon's mom. it's yours. neil: are looking at markets doing something they haven't done in a while, have a down week. that applies to all major averages particularly the dow, this

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