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tv   Varney Company  FOX Business  January 6, 2025 10:00am-11:00am EST

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stuart: monday morning, why not it is monday morning, there is six avenue new york. i just started to snow. not very much but were getting some of it. much more snow in d.c. good morning it is 10:00 o'clock eastern street to the money. greenback again a strong open now were back up into 250-point gain for the now 61 up for the s&p, look at that nasdaq. it's close to 300 points, the ten year treasury yield, last time is about 4.6%. the price of oil moving up to 74, $75 a barrel, gas is up as well. as for bitcoin is that $100,000 a coin. that's the markets. >> the end of a failed presidency is not pretty.
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joe biden has a few days left in office and he's not happy. he's angry. >> more world leaders than anyone of you ever met in your whole life. i know it, what really hurts we talk about immigration. his aide just shot things down. they don't want you to see an angry old man but they cannot stop them from interfering with upcoming a administration biden has blocked almost all oil and gas in u.s. waters under borders all around the coastline 625 million acres, no drilling drill baby drill, the angry on that says no. today an editorial in the washington post, the president insists on going back to generate six, four years ago a shameful attack on the capital. that was what of the themes of the election.
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voters didn't bite enter by that they can't leave it alone visiting the victims of the terror attack in new orleans. that's ironic. biden said the main threat to america is white supremacy. now he's visiting the scene of isis inspired attack. trump destroyed isis with biden made a comeback. who knows somebody terrorists came through biden's open bo border. failure on almost every front but no remorse. no apologies, just illusion, does he think the open border was not open. does he still think white supremacy is the biggest threat. does he think america is stronger now more than four years ago. it's sad to see an angry old man too old for the job not understanding that he lost because his presidency failed. the second hour of our needs can started. ♪
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>> brian brenberg with me this morning. i know i'm sounding pretty harsh, failed presidents, angry old man. >> he is all those things. i agree but the story here, he is gone he is doing all of the stuff that will amount to nothing with the executive orders. what is trump going to do when he comes in, reverse them. he can undo the biden mess that is the kiwi don't want to live in the biden world. >> can trump undo was an executive order some statement from the president some federal workers or you can work from home until 2029 biden governs with the the to create a piecef paper. biden does about himself. if i can do it by himself, trump can do it by himself.
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you watch trump's for state office i bet he will overturn so many of these biden executive orders that were completed about now. it is going to be shock and all with the penn. right after 12 noon on generate the 20th. the stuff goes away, goodbye. we want eyes on it. >> the golden globes hosted comedian nikki wasted no time mocking celebrities over the past presidential endorsement. watch this. >> i'm not here to arrest you, i want you to know that. how could i rely you are so famous and so talented and powerful. you could do anything except tell the country who to vote for. it is okay. you will get the next time if there is one. >> do voters care who the celebrity endorses for president. >> thank goodness no, i love that joke. it was so good the room full of self-important virtue signaling
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for the last for use telling america how bad we are and no hope for the future unless you got a progress in the white house in america said get out here. goodbye. i would like to know how the people watched that award. i watched the comic because i saw in the store and went back and watched it but i did not watch the show. there was football on last night. i watched football like most of american sadly my team got their butts kicked. >> did you see that guy a russian record and beat out jerry rice. did you see that. >> to know what i'm talking about. >> jerry rice is a wide receiver nobody beat him as his rushing record, you are confusing all your terms. >> he received more than 2000 yards of something. >> that is amazing. i did not see the catch but i understand the statistics. you know who jerry rice paid for. san francisco 49ers. >> i'm very impressed. >> did they tell you a new year.
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>> i thought i was going to have my moment. >> i'm impressed. >> i saw the san francisco 49ers with campbell state and o.j. simpson played his last game. >> that is an nfl factor right there. well done. stay there. >> over the weekend the next case, italy's prime minister giorgia meloni made us a prime minister with the president electron. jessica is back with us, he has a beard. it suits you. you look as old as me. >> i'm sorry i know your mom is watching. >> you and my mom. >> italy giorgia meloni. >> speaking to my mom, viva italia. i look at this meeting i did not get attentive press but it was historic. i think prime minister maloney is a conservative almost as
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important as da vinci was to italy. in this meeting, she took office and she came in and she was elected in 2022. italy has been a mess the board has been a mess, she was elected against what everybody thought she came in and is instituting trump -like policy. for trump look at somebody like prime minister maloney and look at her as being a bridge a better relationship with the european union in 19 trillion-dollar gdp, the u.s. has a $28 trillion gdp this is going to bridge the gap and hopefully other countries will spain, france will come on board and we will have a more conservative europe.
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>> i gotta talk to you about apple the stock needs to finish about $264.62 per share, hit that mark in the portraying of a company. do you think they can get there. >> i remember being on the set talking about apple before it hit 1 trillion we thought that was a big number. now for trillion i think apples going to hit for trillion on the multiplet were seen but apple has issues. granted for company to have 65 billion in the bank, they have issues and what those issues revolve around is the hype over apple intelligence. so far besides chat gpt, apple has been unable to quantify some of the stock appreciation by what they've actually been able to accomplish in a.i. there also having headwinds in china with huwai the leader in
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the not picking up as much as the market as they need to to justify moving about 4 trillion. stuart: you think you're going to get to 264. >> i think i'll get on the hike but anybody in apple who thinks it has much above this until they start delivering on the a.i. you will not see much more momentum beyond this. >> we will take it. thank you good to see you. i want to look at the movers united airlines. i think is up significantly. i think i know why. >> they will use elon musk starling on their planes to offer passengers for free wi-fi. it begins next month with the testing. and they will rule it out all their planes. if your loyalty it'll be free stocks up or percent. >> musk moves an airline. how about that. >> two. stuart: that we have solar edge.
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that will save them $10 million per quarter. that's why investors are cheering the move. a big chair, 20% of. general motors, ford. >> they reported the best annual sales and five years back on friday. today up again, up four and a quarter% on gm with a washington post report that said president trump will scale back the tariffs 10%, 25%. he will scale them back, trump came out and said the washington post report is untrue and the automakers are up nicely on the possibility that it could happen. >> thank you very much indeed. karine jean-pierre called the white house press team the best in the business. the word the best, give answers like this. >> i will put the president stamina, the presidents wisdom and ability to get this done on behalf of the american people against anyone. >> media guide joe concha is all
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over this and coming up later in the show. tom homan says countries which refuse to take back illegal migrants will not slow trump's agenda. watch this. >> wearily have countries talking about taking back people from other countries. use give-and-take back the venezuelans that are here illegally, who's going to take them out, not venezuela. the fbi released new video of the new orleans terror suspects using glasses to record the scene before the attack. we report on that next.
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stuart: fbi released new details
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of the timeline of the terror attacks in new orleans. madison scarpino is there. when and how often did he visit the city before the attack? >> the fbi says jabbar was in new orleans two times in the months of leading up to the attacks. the agency says jabbar recorded himself by using meta smart glasses while biking in the french quarter on one of the trips. the glasses record from a point of view angle. the fbi says jabbar were the video recording glasses during wednesday's attack but they were not activated. the fbi is highlighting jabbar's visit to egypt in canada in 2023. looking into how the trips may or may not of tied into the attack. the agency shared videos from new year's of jabbar placing a ids around bourbon street. >> on new year's morning jabbar parked the truck and walk to
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governor nichols street. jabbar placed the first ied in the cooler at bourbon in st. peter's street at 1:53 a.m. he places second ied in a bucket type cooler at 2:20 a.m. on bourbon and toulouse street. in the video you see jabbar wearing the long brown coat we showed you in the photo released earlier. that coat was recovered in the rented f150. >> authorities are reiterating that jabbar acted alone in this attack. as for the city do new orleans mayor says the mission is increased security especially leading up to big events like the super bowl and mardi gras she plans to speak with president biden about that. he is said to be in new orleans later today with the first lady. he's going to pray and mourn with the families of the
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victims. at this point all 14 people who died are now identified in the ages range from 18 - 63 years old but most of them are in their 20s. i'll send it back to you. >> thank you very much indeed. charles marino joins us dh secretary advisor. how does isis radicalize people inside the united states. and based on the latest information from the fbi in the international travel dynamic to egypt in canada. where and how did the radicalization of the individual take place. was it online or through the travel or direct instruction to target bourbon street and how to do it or did it take place within the united states via
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other associates that of sworn allegiance to terrorist organizations. this is a question that we have to ask that we didn't have to ask over four years ago because of our wide open border in the number coming from special interest location where we know for a fact terrorist organizations are operational. stuart: does being in the military make it easier for outsiders to radicalize those people. >> i would not necessarily say so. i think it should become harder and i think the department of defense is really going to have to look at how their conducting updated backgrounds and reporting of such behavior for both current and enlisted personnel like the individual you had in las vegas and 70 separated from the military like the suspect jabbar in new orleans. i think the department of defense every agency should be worried about this. radicalization has become
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increased within our own border. if we don't believe it when you people marching up and down fifth avenue swearing allegiance to terrorist organizations like hezbollah and hamas, that by its very nature is a form of radicalization that were allowing to occur in the united states. secretary alejandro mayorkas, president biden had blinders on to this and they have not kept the main thing the main thing. >> charles marino thank you for joining us. always appreciate it. fox corporation has made a donation to the loved one louisiana foundation in support of those affected by the attack in new orleans. you can help victims by donating or scan the qr code on your screen to make a donation. critics one after biden for warning far left donor george soros and hillary clinton with the nation civilian nation's highest civilian honor. lionel messi skipped the
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ceremony altogether. he was awarded a medal and did not show up. joe concha said biden is handing out medals to everyone. joe concha is next. ♪ i haven't achieved all my ambitions. they've always been about more than just football. ♪ even as a kid, i wanted to get my money right— and have the financial freedom to support the next generation of athletes. just like my family supported me. i joined sofi because they've helped millions of members earn more money, save more money, borrow better, and invest for their ambitions. join a generational player. sofi. get your money right.
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>> big tech is looking good and video, alphabet, microsoft, up 2%, amazon, apple, all of them in percentage terms pretty strong. lauren is looking at the movers. will you start with micron which is really going straight up 10%. >> bathanked microsoft $80 billn commitment to a.i. data centers this year is removing the risk of companies cutting back of capital expenditures for a.i. this is igniting a chip wide rally. >> lucid. >> saudi arabian back ev maker is a 71% increase in their deliveries last year, they got one car but it is selling things to lower prices and more affordable financing. i saw united airlines, starling and the thing went up. what about american airlines. they got an upgrade to bite pre-the increase in price target to 25. they say two things business, traffic, coming back,
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international flying remains strong for 2025. thank you very much indeed. vice president harris stumbled over the words to the pledge of allegiance. good morning, what happened. >> good morning, can you believe that what a shocker. harris was leading the pledge before swearing in senators of the 119 congress but she appeared to flub her lines. watch this. >> please join me in pledge of allegiance to our flag. >> i pledge allegiance to the united states, of the united states of america. and to the republic for which it stands. one nation under god indivisible with liberty and justice for all. >> she left out the word flag in the first line. not surprisingly, the moment went viral on social media. everything does with users especially on the x platform mocking her gas.
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pro trump johnny maga posted wedded embarrassment to this country. tens of millions of democrats voted for this woman to be president weeks ago. trending politics owner colin remarked just in kamala harris appears to forget the pledge of allegiance during the swearing in ceremony for use editors. this woman is a heartbeat away from being the president. liberals of tiktok chipped and adding o my god. kamala harris messed up saying the pledge of allegiance. thank god trump one. there you have it. >> i did not think it was that bad. not that bad. i've seen worse. >> it's embarrassing is that n not. >> yes and she is the vice president of the united states of america. i let you off the hook. president biden is getting backlash after he awarded hillary clinton and george soros the presidential medal of freedom. joe concha is with me now. this is the nation's highest civilian honor.
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why did the radical george soros get picked by biden? >> that is a question that will forever be a mystery. the fact that joe biden on his way shuffling out the door gave the presidential medal of freedom to aid an election denier by hillary clinton we were told is very, very bad but especially to one of the worst people on the planet and george soros, was luigi mangione not available. who will begin the metal to which is worthless. it's a slap in the face to people who simply want district attorneys to do their job. george soros gave millions of dollars to district attorney like alvin bragg in new york in george soros doctrine do not enforce the laws on the books. look at jamar banks he's been arrested 87 times including aggravated assault, real crime yet george soros back d.a. alvin bragg put them back on the street and this guy actually
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step two people on the subway this week including one in the back. biden wants to award a monster like george soros. a metal in the civilian honor that you can get, 14 days until donald trump gets into office. many with common sense in this country that cannot come quickly enough when joe biden is doing the sort of thing on his way out the door. >> i wanted bring this up lionel messi also has the message he skipped the ceremony didn't send anybody to pick it up for him. why would they pick line all messi in the first base? >> is the most popular soccer player in the world but one of the most biggest athletes we've seen since michael jordan, you stop and watch lionel messi a kid who play soccer you probably wouldn't do that when he would before. a lot of celebrities were given the metal as well. bono. i understand because he does a lot of charity work around the world and denzel washington who gives back to the community in a
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really good person. for semi-understand the symbolism of it all but lionel messi is a great soccer player. besides that it's all because joe biden wanted the photo all and he wanted lionel messi there to see i'm a man of the people. who knows and who cares quite frankly. >> karine jean-pierre posted this photo calling her pristine the best in the business, let's take a minute to look at her record over the past few years. roll tape. >> is any possibility that the president would end up pardoning his summit. >> no. >> i just said no the president has done more to secure the border into deal with this issue of immigration than anybody e else. he really has, instead of republicans focusing on the president's performance in office and what he's been able to accomplish. his actual record they do these cheap things. >> he also said before 8:00 p.m., say the pentagon at
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some point picks up an incoming nuke. it's 11:00 p.m. who do you call, the first lady? >> yes the team that lets him know of any news that is pertinent and important to the american people. >> joe concha i think you would have to admit she is a very tough job. >> her job in any press secretary is to spend for the president. the thing with kay jp and jen psaki the highest condescending way that they do it, where their answer is gospel and you better accept it or you will be spoken down to. that's what turn people most off about karine jean-pierre and jen psaki. especially when you're working for joe biden that the toughest job on the planet to make that guy to make his or could look at. teasley with the lowest approval numbers that we sing quite frankly since jimmy carter and richard nixon. two weeks to go watch out for the pardons. thank you for joining us. senator chuck schumer pushed
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back when asked if he misled americans about biden's cognitive decline. >> we did not. what let's look at president biden. he had amazing record use a patriot. becca did not end there, we have the full tape and you will see it. u.s. steel and nippon steel suing president biden for blocking the deal. a full report on that is next. ♪
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as we went on the market. one hour's worth of business. this is a monday morning valley, the dow is up 230 points, that would be a half a percentage
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point. the nasdaq. strong, 1.7% 347 points. nippon steel is suing president biden over his decision to block the deal, lydia hu joins us from pittsburgh read what grounds are they suing? >> good morning on the grounds of violation of due process in violation of defense production act. these companies allege that president biden infected the national security review conducted by cbs with politics and deprive them with the neutral evaluation. they want that review set aside biden's order set aside in a new cfius review. it's not clear that that would work to their benefit. president-elect trump has said that he too would block the sale of u.s. steel to nippon unity posted this to true social justice morning, why would they
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want to sell u.s. steel when tariffs will make it much more profitable. would it be nice ws deal with the greatest company in the world lead the charge toward greatness again. we could all happen very quickly. when i talk with the steel ceo david barrett yesterday i asked him about trump's plans for tariffs and whether that would be enough to protect the market steel industry and mr. dave burritt said president electra cares about the steel industry in the workers but he says u.s. steel needs nippon's cash and technology. listen here. >> the investments that are coming are so extraordinary. also the know-how. there is no steeple company in the united states that has the know-how of nippon. others may claim to know but the ones that claim to know the know-how can't make a gross profit. so they struggle in the current
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situation. they're the ones counting on tariffs and looking for government handouts, what we want is to respect the rule of law and make sure that this investment comes in and then we get this technology. if you think about this, nippon for example as 30000 patents. they invest more in innovation than all of the steel companies in the united states combine. they're going to invest and create jobs and improve job security, economic security and national security along way. this is a fabulous deal. nobody else can do the investment in the know-how like nippon can. >> u.s. steel and nippon steel are suing the united steelworkers labor union president david mccaul accusing him of working with another steel company, cleveland cliffs to block the steel which they
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say is illegal. david mccaul responded to the accusation saying this. by blocking nippon steel to acquire u.s. steel divided administration protected by the u.s. interests safeguarded a national security and help preserve a domestic steel industry that underpins our country's critical supply chain. we are reviewing the complaint and will defend against baseless allegations. the d.o.j. declined to comment in cleveland cliffs has not responded. >> we will take it, thank you very much indeed. david is the ceo of royal palm industries the second largest real estate developer in the world and he joins me now. you have input on this deal deal, do you support biden pocket the deal. if so, why? >> do i support biden in support preserving american companies. i support preserving and making jobs but would diminish traders in the administrations get involved in business it's a delicate balance, they have to
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look full-circle and american steel needs capital. how are they addressing the fact that they're getting need a certain amount of capital to continue working because of were not preserving jobs if they start shutting down mills. >> 's. political nationalism. that's the only thing that is going on. u.s. steel needs capital. where did they get from is not japan? >> exactly, this again is the administration not looking full-circle. what happens when they do this this is where we start to see costco up again. from a developer standpoint we can have construction costs continue to increase. whether tariffs, immigration, insurance. all of these costs are pushing the cost of housing away from people that need to afford housing. that is a problem we've had to scrap a couple of projects because of the cost not just steel, concrete you can get on the list the cost of capital is
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higher in insurance cost employed have double speed when we were told the president-elect trump would also block the deal. now were being told he might have second thoughts. i take it you would want him to have second thoughts and negotiate a good deal with nippon steel as opposed to blocking it. >> what i like about the new administration, donald trump is a developer. he understands full-circle. he's not just a bureaucrat he understands business in the cost of materials is going to be an impact on the cost of construction which will be a cost on housing any brings on elon musk. vivek ramaswamy looking at government spending and people understand business. they understand what a company needs capital how important it is to get the capital to survive and i believe i'll do a better job. i believe the going to look at a morning of full-circle of all
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the impacts of our we preserving american jobs which are important. but how are we making sure that these company supplied the proper capital. >> thank you for joining us. interesting input. >> thank you for having me. what is next. >> i hope trump reverses biden. here's the reason the trump agenda is about attracting foreign capital into the u.s. he wants to make the u.s. the best place to invest coming of the company same would want to put in the u.s. company and you can structure the deal so you can say is steel production falls below a certain level there are penalties or the deal does not happen and you can put companies in their and we want lots of companies from all over the world and vested in the u.s. trump wants to make it the best place in the world to invest, this is a great deal the start with. >> japan is an ally, we need them as we counter china.
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>> it's only natural to administration officials underway out should defend their performance. two senior officials karine jean-pierre in anthony blinken are trying to do that. it's very difficult to defend a failed presidency. that is my take top of the hour. a mysterious respiratory virus overwhelming hospitals in china called hm pv. doctor frank will explain it all next.
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>> on the market i'm going to call this a solid va the dow of 200, nasdaq of 1.8%. microsoft, nvidia, amazon, goldman and caterpillar are dow
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stocks. but them together 180 points in the dow up over 300 total. a huge winter storm to the midwest 61 million are under winter weather alert. "fox weather" britta merwin in philadelphia. what is it like there? >> it is cold it is very cold but that's part of the recipe. in the northeast we know how cold is been this past weekend. the only way of getting snow up and down the 95 quarter is having cold air ahead of the actual storm. in downtown philadelphia the art museum behind me the rocky steps. we are under winter weather advisory executive be philadelphia's biggest warm will get a couple inches of snow what is the biggest know of the season. south of us that is a different deal with a winter storm warning in effect. d.c. cannot one of the biggest nose in quite some time and icy
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roads are making for treacherous travel pretty for flying in and out of the northeast call ahead we see struggles at the airport that's likely going to continue in the roads will be tough. if you think it's cold the cold air is sticking around for the rest of the little get above freezing until friday afternoon. it is falling in here to stay. >> thank you very much. stay cool. now this u.s. surgeon general levesque murphy recommends cancer risk warning levels to alcoholic drinks. doctor frank joins me now. i don't know the risk of cancer from alcohol. but my question will warning labels do anything to reduce alcohol consumption? fema good morning great to be with you, this is more of a solution in search of a problem. everybody no strength in alcohol is not healthy. the question has been moderate alcohol intake is safe, most studies say it probably is and
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there will be studies linking alcohol to certain cancers but i can show you studies that show mild to moderate alcohol intake live longer and have lower overall mortality and encouraging people to go out and drink but the point of this is people understand that drinking alcohol is not a health benefit cannot drinking it to be healthy. i don't know that putting warning labels is the way to go. overkill and it will affect anything. stuart: you remember the 60 minutes 20 years ago when they said drinking red wine helps the french have fewer carnies problems not set off with wine drinking. >> that was a thing. it comes down to common sense. when people whether it's red meat or alcohol and fatty foods. it's in moderation is the key, you can overdo anything, you can drink too much water.
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the next one, 66 scott gottlieb says biden has mishandled bird flu. what action should we take. >> the criticism of the federal government they have not done enough to control the new illness before it's gone out of animal reservoir. the concern if it starts going person-to-person, the idea you can control it because only people that got it right now are the people working with birds and cattle dairy cows it's criticism of the government that they haven't done enough to control in the agricultural sector, what should we do now is stay calm read as of now is not started to jump person- person-to-person. we hope that it doesn't. this is weird game of function comes in because we should not do research to create viruses that stay in animals and start
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going to people we should avoid doing that. also the published mortality rate is probably up. you consumer tally reads 30 - 50%. i think that is skewed in much lower with 64 cases and now we have no deaths only one severe case. people should not be panicked at this point. >> next when china seen a surge in the respiratory illness known as hm pv. china is playing it out as a country is safe to visit. what exactly is this and do you think it is safe to travel to china? >> this is human meta new mobile risk, it's one of the viruses that causes cold and flu like symptoms is not new and been around a long time. it is the same story we heard before with the respiratory illnesses it's only a threat to the old to the young and the sick. it's the same routine precaution that you should take handwashing and try to avoid getting sick this time of year. is it safe to travel to china.
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i don't know that anybody should change the travel paleo if people business in china and a healthy immune system and is probably safe to go. if you're older, younger or sick or should avoid china but you wouldn't make that trip anyway. but most healthy people i don't really see an increase risk. again one of the stories that try to get people riled. >> you said all at ease. thank you very much. as special things to brian brenberg he stuck around for the entire hour. make sure to watch "the big money show" weekdays at 1:00 p.m. eastern here on fox business. still ahead steve forbes in chuck schumer defending the pass comments about bidens mental fitness, retired four-star general jack keane on how he rates the terror threat inside of the u.s. thaddeus cleveland on tom homan same countries refusing to take back the migrants will not slow trump's agenda. the 11:00 o'clock hour is next. ♪
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>> he has a mandate for his
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agenda, and i think republicans will look around and realize this is what we have to get done. >> it's better to be early than late, we saw this with the tech bubble when it burst. it took you literally like 15 years. >> what i like with trump, his mandate is the person to get this done. it's an ambitious plan, it is, but we are going to get this done come hell or high water. >> there's a worldwide revolve against arrogant, progressive, out of touch politicians, and trudeau is one of those people who is just not with the program. >> the problem with s&p 50, it doesn't trade 24/7, 365 and bitcoin does. it's a very large asset with a liquid market and constantly trading. >> buy who governs with the decree on a piece of paper. you watched trump's first day in office, i bet he's going to overturn so much of these biden executive orders that we're planing about now.

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