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tv   Varney Company  FOX Business  January 2, 2025 9:00am-10:00am EST

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18 days president trump will be sworn in, and and that will be a great day for our country. i also want to encourage the senate to shore up our national security and move swiftly and quickly with president trump's national security nominations. cheryl: and the nominations but also, you know, energy independence -- >> absolutely. cheryl: that's something that you have mentioned repeatedly. >> unleash american energy independence. cheryl: drill, baby, drill. let's take a look at futures before we send it over the ashley webster. nasdaq up 189, s&p is up 41 and change and, real quick, just want to point out that we came off the best year for trade anything 2024 since 1998, 1997. hopefully it's the not another dot.com situation coming up, had add to to allowance that out there. john lonski? -- throw that out there. >> the dot.com bubble didn't burst until march of 2000, so hold on to your seats. cheryl: this is the it for me, ashley webster's in for stuart.
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ashley: good morning, cheryl. thank you very much. good morning, everybody. i am ashley webster in for stu varney if today. it's day two of the man hundt for more special suspect in the isis-linked terror attack in new orleans. police say a former army veteran used a truck to plow through new year's revelers before being killed if a shootout with police. right now 15 people are confirmed dead and at least 30 more injured. the chief of police says they are not looking for accomplices in the attack but, quote, persons of interest. we're continuing to follow that. we're also following that breaking news in las vegas as one person is dead after a tesla cyber truck stuffed with explosives blows up outside the trump international hotel. officials are now looking into whether the two incidents are connected as we are learning that both trucks involved were rented through the same car rental app. now to the markets. yes, it's the start of a new year.
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futures are in the between to start off 2025. the dow up 261 points and both the s&p and nasdaq up more than half a percent. meanwhile, the 10-year treasury yield, where's that headed in the new year in it's been down slightly, and that's where it is. it's down almost 2 basis points at 4.55%. if meanwhile, taking a look at the 2-year treasury yield, of course, the 2-year -- 10-year is the bellwether, but the 2-year down to 4.22%. and how about bitcoin? now trading above $96,000. is bitcoin going to make another run at $100,000 in the near future? it's up $1600 at $96,200. on the show today, house speaker mike johnson meeting with president-elect trump the at mar-a-lago ahead of that all-important house speakership vote tomorrow. if it is january the 2nd, 2025. "varney & company" is about to begin. ♪ ♪
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ashley: let's get right the it. a horrendous and sickening start to the new year with. 15 people confirmed dead with dozens more injured after a deranged attacker drove a truck into a crowded new year's celebration in new orleans. now, the fbi has identified a 42-year-old army veteran from texas as their primary suspect, but they do not if believe he acted alone. president biden addressed the media after the attack. >> law enforcement and the intelligence community are continuing to look for any connections, associations or do to-conspirators. we have nothing additional to report at this time. the investigation is continuing to be active, and no one should jump to conclusions.
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ashley: president-elect trump posted this, posting this on truth social saying, quote, the trump administration will fully support the city of new orleans as they investigate and recover from this act of pure evil. that's part of what donald can trump can -- donald trump posted yesterday. mewhile, in las vegas a tesla cyber truck exploded directly outside a trump hotel. good morning, lauren simonetti. what do we know about this? lauren: the truck was loaded with large firework mortars. the ceo of tesla, elon musk, writes, quote: we have now confirmed that the the explosion if was caused by very large fireworks and/or a bomb carried in the bed of the rented cyber truck and is unrelated today to the vehicle itself. all vehicles teleme try was positive at the time of the explosion. so the fbi and local law
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enforcement are are trying to figure out how the explosives were detonated. the driver was killed merchandise and seven others injured. authorities say they know who rented the vehicle which was acquired coloro but are not publicly identifying the person. and they are looking for any possible connection between this incident and that new orleans attack. both cars were rented on the app turo which i says both renters did not have a criminal backgrou that would have been identified as a threat. ashley? ashley: lauren, thank you very much. former homicide detective and former news contributor ted williams joins me now. ted, take me through how an information which i'm sure -- an investigation which i'm sure is very complicated, how would it work? >> good morning, ashley. i can tell you the way this investigation is working. they're working from the crime scene that's to over my shoulder here. it was in this area that at 3:15
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on new year's day that that this guy used a vehicle the to run and kill 15 citizens of this country. so what they're doing is they're corking -- working from here: this place at this sage the is a crime scene -- stage is a crime scene. they're gather as much forensic evidence and other physical evidence as they can. they're also working from where jabbal is supposed to have resided, and that is houston, texas. so you have investigations going not only here in new orleans, louisiana, but you also have investigations going in houston, texas. ashley: ted, do you think from if what you've seen so far that the attacker in new orleans had help, or was he acting alone? i know it's hard to to say, but what do you think? >> you know, it's somewhat
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debatable. we know that there was some ied planted here in two locations if in new orleans. and as a result of that, there should be a lot of video feeds to show when planted those ieds. they initially had some individual targeted. they've since talked to those individuals, and they have been let go. now, just recently this morning i spoke with the chief of police here if in new orleans, and she herself is not clear as to whether there are accomplices. there are individuals who the fbi believes may very well have been accomplices. so it's a catch 22. ashley: right. >> they're looking, they are trying to determine if there are accomplices. ashley: well, ted williams in new orleans this morning, ted, thank you very much for sharing your with expertise. meantime, president biden
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appeared to struggle with his remarks after the attack on bourbon street. listen. >> the situation is very fluid. and the investigation is at the preliminary stage. and the fact is that right now -- excuse me. will you go. i've directed my attorney general, the fbi director, secretary of homeland security, the head of national counterterrorism center and the intelligence community to work on this intensively until we have a full and complete information. and once we have that information, i will share that information as soon as i -- we can confirm it. ashley: liz peek swoins me now. liz, you know, once again the optics look terrible. he does not project strength and reassurance. in fact, it's quite the opposite, would you agree? >> i would agree. neither his delivery nor, frankly, the contents of his
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remarks, ashley, are reassuring. after all, this is the president who told us in no uncertain terms that white supremacy was the big threat to america, specifically saying it was not isis. is neither his record, the fact that he -- that, frankly, the most telling part of his remarks was that his characteristic move, he turns around and walks off afterwards without taking any questions. he's been hiding from the public, hiding from reporters for over four years. there is nothing reassuring about that. ashley: i'm sorry, liz, we've got a lot to get to, i'm going to have to leave it at that, but i do appreciate you being with us and sharing your thoughts, as always. let's take a look at the futures market, if we can, get back to the markets as we kick off a new year. they're pointing higher after what was, okay, a weak end to 2024. but the year over all was a
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superlative. adam johnson joins me now. good morning to you, adam a. >> good morning. ashley: it seems stocks hit new highs every week in 2024. yes, we had a selloff towards the end of, you know, the end of the year, which is probably not that unusual: the question is, can we keep the momentum going in 2025? >> oh, yes, absolutely, ashley. we will see momentum, we will see new highs. we won't see new highs every week, maybe not even every month, but i absolutely do think we will see new highs every quarter of this year. we have an economy that's to growing more than 3%, we have almost the most amount of people ever who are making the highest gross-adjusted income ever. they are spending that money. that that's driving earnings growth at companies. and most importantly, ashley, we have change in washington. we have an incoming administration that's to focused on supporting businesses, supporting people, fewer regulations, lower taxes, unleashing the creativity and
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she -- resilience that makes this country so great and enables us to come back from or risk things like what we witnessed over the a past several days. so, yes, we will see new highs if not every week or month, certainly every quarter of this upcoming year, ashley. ashley: i'm sorry, adam, i've got 20 seconds. the only fly in the ointment that some people talk about for the new year is inflation and the fact that it could raise its ugly head again. >> it could, and i'll be quick. if you look at the average of all four of the inflation indicators right now, ashley, 2.5%. that's down from a high of 11.3, all right? 11.3, now we're at 2.5, the fed's argument -- target's 2. it's gone up slightly, but. 2.5, i think we can live with it. we want lower prices, but we can live with 2.5%. stuart: you got it all in there. thank you very much, adam. house speaker mike johnson
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says it is crucial that he keeps his job on capitol hill. >> we will get this done. we live in very serious times. we cannot afford any palace drama here. there's no time to waste, we have the today unified. ashley: we don't want palace drama, that's for sure. does the new orleans terror attack change the tone and urgency to reelect speaker johnson? we're going to ask congressman daryl ice a saw. plus, new details about the the new orleans' terror suspect's disturbing online9 footprint, claiming he was inspired by isis and had a desire to kill. the fbi just raided the suspect's home in houston. we'll have that next. ♪ ♪ advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief,
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ashley: let's get back now to that deadly terror attack in north. s garrett tenney is there this morning. all right, garrett, what is the very latest on the investigation? >> reporter: well, ashley, the top priority for investigators right now is tracking down anyone who was involved with this attack. the planning of it, yes, but even to more so anyone who helped carry out this attack. we have learned that this investigation includes an airbnb here in new orleans where a fire broke out yesterday morning just hours after this attack. louisiana's attorney general says they believe that the individuals involved used that airbnb as a home base of sorts to make at least some of the improvised exmostive devices that were found around the french quarter early yesterday morning. we have also learned hours before the attack, the
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42-year-old suspect posted videos about his support for isis and expressed a desire to kill people. this past hour though, new orleans' police chief gave us conflicting information from what we've been hearing from other officials and said it's not a sure thing that other individuals were, in fact, involved in this attack. >> there are some people of interest that we -- i know that the fbi wants to screen as to to whether or not they were associated or not. so this is not an accomplice situation as of yet. they are look at anyone and everyone who could potentially have been affiliated and may if very well be that they're not, and it may be that this is a lone wolf. we do not have final confirmation on that. >> reporter: overnight investigators in houston, texas, started searching jabbar's home as hay work to piece together a thymeline are of -- timeline of when if how he was radicalized. we are expecting to get more information from the fbi as well as local officials here in just
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about an hour or so is. ashley? ashley: garrett, very quickly, do we know if this individual had popped up on any law enforcement radar? he apparently made some very disturbing threats on social media. was he known at all? if has that come out yet? >> reporter: yeah. we haven't heard that from officials directly, but looking through what we've been able to find as far as a criminal history, there's really not much there or a history of violence of any kind. the only thing we were able to find of criminal history goes all the way back to 2002, a misdemeanor for theft. we do know 432 the years old, he's a u.s. citizen, he was born in texas. he served 13 years in the u.s. army and if army reserves, and we believe he was honorably discharged. so a lot on when and how this radicalization occurred. ashley? ashley: garrett, thank you very much. garrett tenney with the latest from new orleans: we appreciate that. now look at this.
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over the last four years under the joe biden administration, border patrol had nearly 2,000 encounters with individuals on the terror watch list. national security expert jamil jaffer joins me now. jam if il, great to have you with here. i want to point out that the suspect was an american citizen, as we've just heard, living in texas. but the truck used in the attack had recently crossed the border in eagle pass, texas. now, we don't know if there's any connection at all to the attack there, but it does highlight, does it not, the potential vulnerables of an open border? >> well, ashley, certainly there are vulnerabilities that come the from an open border. people are able to get into this country without being properly screened. that can raise national security concerns, spies, terrorists and the like. in this case, it appears the truck was rented on a car-a sharing app, turo, so we don't know who brought it across the border. it doesn't appear if it was rented by this individual at the time it crossed the border as far as we know.
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ashley: is this perhaps the beginning of a resurgence of isis? we know that they have been frighteningly, successful in radicalizing people. what do you say? >> well, ashley, i think this highlights the threat that both isis and al-qaeda continue to pose to the united states and our allies both here at home and abroad. look, isis has been trying for years to radicalize americans. we know that al-qaeda was successful at radicalizing an american military officer, we've seen another officer add radicalized, this time inspired by isis, it appears to be the case. this is going to continue to be a problem for us because we have started the take our eye off the i ball on terrorist threat thinking that the war in afghanistan is over, that solves our problem. the war in sir what is largely coming to an end -- syria -- that is not the case. these enemies of the united states want to the attack us at home and abroad. we've got to keep the pressure up on terrorists across the globe. ashley: i know you don't know
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the answer to this, but you had extensive -- you've had extensive experience in counterterrorism, jamil. do you think this individual in new orleans had at least accomplices or help in carrying out his horrible deed? >> you know, ashley, it's hard to know in this case. we do see a number of lone wolf attacks. the reporting here that we heard was, you know, one news source had cotton report -- gotten reporting from the louisiana police that they thought there were other suspects involved, they were looking at coolers and potentially planting irk eds. what i'm hearing is, in fact, that may have been if innocent activity and that the as far as they know today, he didn't have accomplices, but they're going to run down, look at these people of interest and run all these down the make sure there aren't other plots, ashley, potentially going on. and we have to look at the connection to the las vegas attacks, want to make sure there's no connection there as well. ashley: yes. what have your sources told you about the explosive devices that
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have been found so far? >> well, we know for sure they had these mortar-like fireworks. you could see it in the explosion that happens, you could see the fireworks going off. you could also see in the photos that there were accelerants in the trunk as well. this is clearly -- i'm sorry, i'm thinking about the las vegas attack now specifically. ashley: yeah. >> with respect to the i attack in norse -- in new orleans, we heard there were a couple of ieds associated with this vehicle or nearby. we're not sure about that. he had a long gun on him that he used to attack the police officers in addition to using his car as a weapon. in the las vegas, we had the fireworks and accelerant, cleary or d clearly a planned attack against the trump hotel in vegas. ashley: jamil, thank you so much for end -- lending us your expertise. jamil jaffer. let's a take a look at futures, if we can. thank you very much. the first opening bell of 2025, yep, looks like a positive
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start. the opening bell is coming up next. ♪ ♪ your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works.
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(tony hawk) skating for over 45 years has taken a toll on my body. i take qunol turmeric because it helps with healthy joints and inflammation support. why qunol? it has superior absorption compared to regular turmeric. qunol. the brand i trust. ashley: well, all indications are we're going to begin on a higher note to begin 2025 on wall street, the very first
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trading session of the new year. the dow up 279 points, the s&p and nasdaq up around half a percent. let's bring in d.r. barton to talk about this. d.r., we just saw the best 2-year performance since the '97 and '98 on the s&p this year. or, i should say is, last year. can we continue that momentum into 2025? >> well, happy new year, ash. and, yes, i definitely think we can. you know, we've got all kinds of things going on up there, around. we've got the number that adam was talking about earlier. people are talking that inflation doesn't want to come down quite so much. earnings remain strong. tech buying remains strong out in our source checks, in our field checks. and i think all that can propel us up. it might be a rocky road, but i'm looking for a really strong 20 to 25, ash. ashley: you know, you're quite the historian, d.r. are, and you always have some fascinating
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information and statistics. what about the market years that end in 5? what does that tell us? >> one of the most amazing, one of the most amazing cyclical phenomenon that we see if you look at dow jones industrial data that we have dating all the way back, ash a, to 1897, so for a good 126, 127 years, we've never had a down fifth year of the pattern, of a year ending in 5. as a matter of fact, those years are up 26% on average over that whole time. [laughter] so it's a strong year. ashley: i love it. quick couple of names that you brought to us, d.r., marvell? >> it is. yeah, they are a great semiconductor company. finish they have showed double year-over-year growth. the last time i brought 'em onto the show in june, we've gone up 50% since then on that stock.
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i think we have more room to run. a little pull back, looking good. ashley: all right. and then the next one, one of stu's favorites because he gets cheap coffee and food, costco. >> yeah. i have to agree with him there. i love -- that's where d.r. shops for value. [laughter] and i'll tell you, ash, they have had a huge run. expect people that are doing retail best, walmart and costco, are going to continue to do it best. you can buy costco on a 10 pullback just -- 10% pullback just since december right now. i love it right here, and i think we've got plenty more upside for costco in 2025. ashley: i'm feeling refreshed in this new year thanks to you and your bullishness, dr -- d.r., thank you so much and happy new year, my friend. here we go then, 2025, everybody's clapping. it is time to get the new year trading underway. and we are off and running.
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look at that, should be it? the dow up 261 points, a 6% gain. at the top of the dow we have amazon, salesforce.com. at the bottom end, walmart and apple, but we're really just gathering our thoughts as we get underway here. a nice open for the new year on the dow. let's take a look at the s&p, of course. up a percent exactly at 5910. and the nasdaq, the tech-heavy nasdaq, let's see how the nasdaq is doing. of course, it made gains of 29% in 2024. we're off out of the gate up half a percent again today in 2025, up 102 points. let's take a look at some of those big tech the names. all in the green except for apple which is down three-quarters of a percent. but amazon up 1.5%. meta, microsoft, alphabet with all looking rather rosy on this first trading day of 2025. if. now let's look at some of the individual stocks.
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let's begin with tesla. good morning, taylor riggs. tesla just released its report on deliveries. what does it say? the stock right now is down about 4%. >> yeah. of this was a little bit of a disappointment. you're getting about 495,000 or so, and really the market, the expectations were for about 510,000. so you're getting off about 2% in the fourth quarter year over year, but that's a deceleration in growth when you had growth of 7% in the third quarter year over year. we are hearing for the full year of 2024, it is a 1% decline, so a little bit of a disappointment. ashley: all right. explains why we're seeing a little bit of a selloff. do we have a release date for nvidia's latest graphics card? a lot of people waiting on that. >> we have rumors of a release date. so we're hearing maybe an unveiling around january 21. we might get a hint of it at ces next week and maybe an embargo sales that'll be lifted about
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two weeks later. we're a hearing this is part of the blackwell series, the rtx5080, 5070. this would be about the 5080 that comes out. a lot faster chip. again, part of that big blackwell unveil that people are really excited for. ashley: interesting. speed, that's what it's all about. let's move on to apple, if we can. apple apparently offering new if iphone discounties in china. do we know why? -- discounts. >> well, they have competition with huawei. apple historically has been hesitant to issue discounts, but we are hearing in china you get about $70 off the iphone 16 and the 16 pro max. their overall market share within mainland china is down 14% and they have seen slowing sales. so in part competition with huawei, cutting prices to see if they can make up in volume the help regain that market share.
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ashley: very good. apple down more than 1% this morning. this is an interesting one, chip maker -- just announced a partnership with google. what's that all about in. >> you've got a partnership with google, safe to say your stock will go up. that's what we're seeing today. again, think about google, sort of machine learning combined with hardware. so again, sort of furthering what we're calling the internet of things, the way that the we can can connect automote if is, wearables, monitoring systems, all of the things in our lives. and they're able to do this now together, so certainly a good day for the city in a minute ifics stock. ashley: deft. want to look at sofi. why is that down today, do we know? >> this is so fascinating. an analyst brokerage firm that covers this stock, they cut it to an underperform, but they actually raised their price
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target to $8 from $7 a share. doesn't mean much when the stock's at $14. they're saying the valuation looks stretched by multiple different measures and multiple different multiple valuation metrics that they're looking at. this stock was up 50% last year, is so basically saying this looks overvalued, and we're cutting this down from the outperform. ashley: and the stock down 7 this morning. -- 7. i want to also while we have you, taylor, talk about bitcoin. could be making another run are at $100,000. >> yeah, we're trying to recapture that, right? remember the highs of $108,000 in december? we're trying to get with back up to $97,000, but some of the people say the easiest way to track it is to look at companies like coinbase, by micro strategy as you've been following the price of bitcoin. as it goes up, the easy crypto plays follow suit. ashley: very good. thank you so much, as always, taylor. much appreciated. i want to get back to adam
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johnson. you brought a couple of your stock picks today today. and talking of crypto, let's begin with coinbase. >> yeah. obviously, coinbase is going to go up as bitcoin goes up. taylor was just talking about that. i think we're going to to see a move well above $100,000 on bitcoin, so the logical way to play that, the easier way, i think, for most people to participate on that upside is just go buy coinbase. it's easier the buy coinbase than it is to buy bitcoin or some of the other coins, and what's nas night, ashley are, is a couple of things -- fascinating. it's the largest ecosystem here in the u.s. number two, it's used by all of blackrock's institutional clients for not only trading, but actually as a wallet and as a p p and l, profit and loss statement. so if the largest money manager in the country, arguably in the world, is willing to use coinbase as its ecosystem for clients, i think that's a huge vote of confidence. and then finally, point number three that i would make, ashley, is that when the price of
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bitcoin goes up, coinbase makes more money because it charges commissions based upon the gross value of the trade. so for all those reasons, yeah, i like coinbase. it was well over 300 only about a month if ago so, yes, i'm a buyer and have been buying over the past week on this kip -- dip. ashley: you've sold america adam, that's for sure. we're out of time but thank you very much, indeed, as always. coming up, the college football sugar bowl in new orleans has been postponed until this afternoon. the louisiana attorney general calls that absurd. she thinks it's too soon after the terror attack. we're going to bring her outraged response. meantime, incoming border czar tom homan has a warning about terror in america. >> i think terrorists have crossed this border you should biden. i don't know -- under biden. i don't know how many, but someday we're going to find out, and it's going to be a bad day for america. ashley: former acting i.c.e. director jonathan fahey says
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biden's border policies will 'eg terrorists, and we'll have mr. fahey here next. ♪ when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on a deployment.
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i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training mission. did a military freefall, and i had some faulty equipment. i hit the ground. going, 30 to 40 knots and was instantly paralyzed. i met jack fanning when he invited us to park city, utah, through his foundation. i was able to actually get on the mountain and ski with my family, i can't put into words what that meant. i got paid in the military to do crazy fun stuff. and after my accident, i'm still that same guy. and when i was able to jump out of a perfectly good, helicopter, at 10,000 feet, i did it. i was talking to some vets last week amazing how we have these houses where they can come over because they■re in chairs too. carpet and wheelchairs don't mix very well. tunnel to towers, they got rid of all that.
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ashley: it is a brand new year of trading on the markets and, guess what? the cow is -- the dow is up about a third of of a percent, the s&p up a a ten, the nasdaq has just turned ever so slightly negative, losing aing a little momentum we had at the opening bell. now this, president biden addressing the nation from camp david in the hours after the new orleans to have attack. lucas tomlinson is at the white house this morning and, lucas, are there any plans for joe biden to head down to new orleans, do we know? >> reporter: ashley, nothing has been announced right now, but it's certainly something that white house officials are considering, this is no question about that. -- there's no question about that. officials do also say president biden's receiving continuous
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updates on the new orleans massacre. as you mentioned, last night at camp david president biden addressed the nation and offered condolences to the victims' families. >> to all the people in new orleans who are grieving today, i want you to know, i grieve with you, our nation if grieves with you. we're going to stand with you as you mourn and as you heal in the weeks to come. >> reporter: biden's remarks came hours after tweeting happy new year. create ins say he looked disheveled and he stumbled in parts of that 4-minute address. some think biden should have returned to the white house to give those remarks here. we wait to see if biden goes to new orleans for in-person updates from the fbi and local law enforcement. the national security team also getting briefed on any possible connection with the cyber truck explosion outside the trump hotel in las vegas. some want to see if biden now considers islamic terrorism the biggest threat to the u.s. recall, ashley, he said this
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back in 2023 -- >> stand up against the poison of white supremacy as i did in my inaugural address to single it out as the most dangerous terrorist threat to our homeland, white supremacy. >> reporter: president biden arrives back here at the white house from camp david early this afternoon, ashley. ashley: all right, lucas, thank you very much for that. former dhs official jonathan fahey joins us this morning. jonathan, we now know, apparently, that the suspect is a former army veteran. he had an isis flag and suspected homemade explosives were also found. my question is, how can an american citizen who servedded his country become, apparently, so radicalized like this? >> that's a great question, and i think that's something we, hopefully, the fbi and investigators will find out over time because, you know, one thing that joe biden didn't say last night, he didn't make any reference the radical islamic
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terrorism, he just reference are.ed he was -- referenced he was a u.s. citizen and in the military. this seemed almost defensive speech in addition to conveying an overall anything but confidence coming from him. i think those questions will be honored, and it'll also be interesting to to see who he was associated with, who he was online with, what sites he was on, who he's chatting with, what he's talking about because is this isolated? are there bigger connections? are there international connections? we just don't really know right now, and that's really the concerning thing, is this one of many things to come or just an isolated incident? it does show how vulnerable we are once you see how much carnage can occur with an incident that the really isn't particularly complex to play -- to plan. ashley: yeah. , and of course, it raises the question which is, could this be the beginning of a resurgence of isis? if. >> yeah. i think that's a really good
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question, and you were plague tom homan's clips earlier about how vulnerable we are because this administration has abandoned our southern border for the past four years, and we've had, you know, 9 people on the terrorist -- 99 people terrorist watch list stopped at the border and then let into the country, which is astonishing to me. and if secretary mayorkas has alluded to the fact that the they know where these people are, but i'm very suspect of that. the question is, why are they let in anyway? ashley: yeah. >> and the people that were stopped on the terrorist watch list and not let in, they could have come in through a non port of industry as one of these million or so gotaways that we have coming in every year, so we just have no idea who's here. something very bad is going to happen because of the dereliction of duty at our southern border or the intentional dereliction of duty at the southern border because they wanted this to happen. ashley: and you know, jonathan, i wanted the show you some numbers from the border. over the last four years under the biden administration border
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patrol had nearly 2,000 encounters with individuals on the terror watch list. and to the your point, you know, what do we know about these people? where are they? >> yeah, exactly. we don't really know much about them. and, you know, there's the 99 or so that they let in, the administration, they're on the list already and let them into the country. the others, if they were turned away, they could have come back easily under, you know, through a non port of industry. but there are lots of terrorists that aren't on this watch listnd that could have been coming through by falsely claiming asylum at the encouragement of this administration or going through, you know, all these areas half no security in terms of barriers and all of our border patrol is spent -- or not all of it, but a substantial amount of our border patrol has been simply just processing illegal aliens into the country and not being able to protect us from drugs, gangs, terrorists. it's t really a disgrace. and it's just a disaster waiting
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to to happen. and my fear is it's going to be something far greater than this will happen because we didn't do what we should have done to prevent this. ashley: disgrace is a good word to describe it. of jonathan fahey, thank you so much, sir, for joining us. we really do appreciate it. >> thank you. ashley: okay. thank you. the pickup truck used in the new orleans if terror attack9 and the cyber truck that exploded in las vegas were both rented through the turo a app. it claims to be the world's largest car-sharing marketplace. we're going the tell you -- to tell you how it works coming up next. ♪ ♪
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ashley: according to authorities, both the pickup truck used in the new orleans terror attack and the cyber truck that exploded in las vegas were both rented through the turo app, that's t-u-r-o to. tech expert daniel newman joins me now. how does it work? >> good morning, ashley. happy new year. for those that have used uber or airbnb, the app, turo, works a lot like that. the idea is instead of it being
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about cars or rental properties, it's about -- it's a car to you. so it's a rental, not a ride-share like an uber. i've used it several times, and in my experience, it's a really easy to use with app, and it requires similar identification and provided insurance details although it does offer insurance. but like most new technologies, it's the also somewhat unregulated, it's somewhat a new space, and basically allowing people to really quickly gain access to vehicles which we are seeing can be used for very nefarious or malicious reasons. and that's something that needs to be looked at. ashley: yeah, it certainly does. are there background checks done, all that kind of thing to see if someone has a criminal record and all those kind of things. >> from what i could tell from using the app, ashley, no. you could get access really quickly. you could get approved, you could rent a car. i was able to do so in many cities. as someone when's rented cars in many parts of the world, i don't
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know if there's enough security nowadays seeing how vehicles are being misused in so many of these situations, and something that needs to be more closely looked at. hopefully, during the trump administration we're going to see more attention paid to how technology is made available, how it's utilized. everything from misinformation that we're seeing or information that isn't appropriately share. >>ed across platforms to how we are able to gain access to a vehicle or a weapon is something that needs to be looked at very closely. ashley: right. yeah, indeed. wheel we have you here, daniel, i wanted to ask you about tesla's delivery numbers for the fourth quarter. just over 495,000. what's your thought on that, and how much does that report really mean to investors? how important? >> look, when it comes to tesla are, i just do not see it trading like a car company, a vehicle or automotive company of any if type. investors see this number, and i'm sure some people look at as an opportunity to exit what was a very strong end of the year, but i think most of the tesla
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investor community looks at tesla, they're looking for full self-drive, autonomy, they're looking at robotics and looking to the future. this is why it trades at four times higher tan most of the mag 7. why it trades 8-10 times higher than many other automotive companies. if you're looking for a safer play in technology, you should look at nvidia, google. all of those are trading at a much lore pe, but people are betting big on tesla, on elon musk, on his ability to deliver humanoid robots and win this full self-driving space which has competition. it has waymoother companies entering, but it's just had this massive install base of vehicles, of day a, the of a.i., and i think people are betting on this. i think a lot of investors that wanted to enter at 450 would be excited to enter at 385, where it's the trading today. ashley: not bad. taan do yell newman, thanks so
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much -- daniel newman, we do appreciate it. also adam johnson who's been with us for the hour adam, before i let you go, very quickly, what's your take on tesla? do you like it at this ooh price? >> no, i've never owned tesla. my problem with tesla is something daniel just touched on, and that is it'salked about as a car company, but the assumption is there there's more to it than that. ashley: right. >> maybe it's a battery company, a robot ins company, but they haven't articulated a path forward on any of those. ashley: very good. adam, great stuff today. a lot of news, and you managed to get that info in. thanks for sticking around. ing up, the breaking details of the new orleans if terror attack. we're going to be hearing from carine hajjar, congressman darrell issa, chyron skinner and many more -- kiron skinner and many more. the 10 a.m. hour of "varney & company" is next. ♪
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