Skip to main content

tv   Varney Company  FOX Business  January 13, 2025 10:00am-11:00am EST

10:00 am
stuart: good morning, 10:00 o'clock eastern to the money a complete turnaround is up 190 points, unitedhealth is doing a lot for that particular index, nothing is helping the nasdaq it is down over twitter points. the nasdaq dragged down by big tech, the ten year treasury is moving up dangerous territory at 4.78% in the two year has gone to 440. as for the price of oil it is that $77 a barrel and rising. he can't see gas prices coming down, they go up. as for bitcoin, sell off their your back to 91700, that is the market and now this. >> last week the california state legislature opened a special session to figure out how to trump proof the state against the incoming president. hard to imagine worst timing.
10:01 am
it's obvious that the state badly needs trump. in one week he'll be sitting in the oval office, he will be holding the purse strings, he labeled california's politicians as incompetent and he told governor newsom resign, now senator barrasso says he will be strings attached to the money the federal government hands out good, this is an opportunity to reject what you might call the california model of government because is not working and trump has the leverage to force change. it started already, newsom has suspended environmental review process for rebuilding homes and businesses that is a blow to the green dream, what about california as essentially state will they can continue to encourage illegal border crossers and illegal criminals from deportation trump will not be pleased to see the state legislature spent $25 million opposing trump policies. but gavin newsom shows no sign of respect to the
10:02 am
president-elect he said trump politicize the disaster but the event was driven by bad policies and unfriendly business environment, ev mandates and trump will go at it in short politics is going to change in california. it has to trump does not go to supply the money if there's no change, look on the bright side the california debacle may help other states throw off policies it'll be a tough negotiation but california's failure giv tmp the edge, the second hour of already just getting started. brian brenberg with me does trump have the edge. >> he does and i want to say this you made the point about strings attached for federal money going to california. that is not trump's money or the
10:03 am
government's money that is taxpayer people living around the country are saying i don't want my state to be california i'm not going to let california policies become the de facto for the rest of the country is not about trump proof in california they have a california proof california that is a debate that trump will have and he's in the driver seat and good for america and good for california. stuart: you sometimes handle cultural issues and you can handle one today. meta ceo mark zuckerberg defended masculinity and corporate culture, watch this. >> it's one thing to say we want to be welcoming and make a good environment for everyone and i think it is another to say that masculinity is bad. i think we swung culturally to that part of the spectrum. having a culture that celebrates the aggression a bit more and
10:04 am
has its own merits that are really positive. >> you love this story. people are suspicious about whether mark zuckerberg means it or not. my view let the guy show was if he needs it. he's done good things that meta. here's what i agree on masculinity. right now in america too often the word toxic gets attached to masculinity we don't talk about masculinity as such what do men do in the workplace what behaviors characterize maybe more risk taking indirect and try things out whether then talk about what's wrong with the there's nothing wrong. >> your comments are sexist. >> you going to call me names. >> are not sexist to say one of the matters as much as the other one does and we should stop de
10:05 am
facto labeling as toxic and hate the word toxic. think mark zuckerberg could be a great leader using california an epicenter over the starts. >> were in agreement. >> how much you love the story. stuart: brian are you staying with me for the hours. >> issuer, you can stay. jeff bezos blue origin has delayed the launch of the glen brockett this is baeza's attempt to match the spacex rocket in the jahan blue origin said troubleshooting a vehicle substantive issue a new launch data is not yet been announced, back to the market. a ton of green for the dow up 140. a lot of red for the nasdaq down 232 points. jeff sica on a monday morning. a quick explanation, why the selloff on the nasdaq.
10:06 am
>> i wish you would've brought me masculinity. you have a beard you can do that. >> if you look at the market itself again i think there's a lot of concerns inflation is a carbon monoxide of the economy get tenure yields moving up inflation is still ppi cpi we're going to see if her going to move up trump insane we're going to lower rates i don't know if it's going to happen, this is all about inflation. >> the ppi is wednesday or thursday, computer price index, the big one. >> that's tomorrow. we will watch. you run a private equity company and expanded over the years can private equity help with the rebuilding of california and if so how? >> private equity there's two sides. the fact is $7 trillion in the real estate industry there is an anticipation that private equity
10:07 am
will own up to 40% of all homes in the u.s. i have mixed opinions about that but california needs investor dollars. they're not to be able to rely on the insurance companies. they certainly cannot rely on the government so they need investment dollars in the problem is investor dollars in real estate have not been welcomed into california. i've done deals all over the country and one dealing california. a hotel and it did not go well it was because the state of california is not a good place to do business. >> if there's one thing the incoming president trump can do to help california what is the one thing. >> the best thing out of the tax cut legislation in 2017 the legislation regarding opportunity zones allowing people to defer or eliminate their capital gains if they invest in certain designated
10:08 am
zones and underserved areas. what president trump should do is declare california anything affected by the wildfires in any natural disaster an opportunity zone. if he does that he will have money flowing in from all the people that a bit in the stock market and had significant capital gains and buildings and businesses to sell back a common there's only around 750 opportunity zones in california. most of them are low-income areas read i say open it up and they will get billions of dollars of investment. stuart: good idea. jeff sica, thank you for joining us we appreciate it. now this the top retailers are at retail's big show the annual bash and new york city. lauren simonetti happen to be there at the jacob javits center are you going to show me how to use robots and restaurants.
10:09 am
>> of course i take you right to the food were an innovative kitchen see enough i bought an action all i have to do is press the button to command the five to start making a french fry this robot can make 85 baskets per hour that's enough to feed 700 people very effective for places coming down $150,000 is already in use at universal studios and 30 in use at auburn university in select chains you put on your own equipment, companies are saying this is worth it because it brings down the cost of labor in fact it takes labor out of the equation until my friend mike here, the human being that works in this innovative kitchen he's in charge of seasoning the fries, they make all types this is
10:10 am
spicy. >> streetcorner fries, humans aren't being raised are just working with robots in the future he will order food without a phone because you place your order on your phone or at one of the kiosks, the robot essentially makes it and when you are done you're going to start picking up your order in a locker that you open with the qr code on your phone. i'm sorry i asked him how would summoning in their 70s that's not good with the phone order and they said there to be very skinny. but. >> you know me far too well, that was great that was very funny. we will see later in the show. >> were looking at the movers let's start with u.s. steel up after the administration delayed enforcement blocking its deal
10:11 am
with nippon steel it is up 6%, bill ackman capital management proposed a deal to merge with howard hughes for $85 a share this is the latest step in the pursuit of the real estate development he used to lead up ten points we are officially a week away from trump's inauguration first lady melania trump told "fox & friends" what is different compared to eight years ago. >> do you feel like you're in a different space then you were eight years ago. >> i feel i was always me the first time as well. i feel people did not accept me or understand me saying the way that they do now maybe they see me as a wife is the president but i'm standing on my own 2 feet, independent and i don't always agree with what my husband is saying or doing but
10:12 am
that's okay. >> are you able to tell him when you disagree. >> i give him my advice and sometimes he listens and sometimes he does. >> the first lady went on to say her priorities for the upcoming administration is to be a mom, first lady and a wife. still ahead later today president biden will give his last foreign policy speech he plans to highlight his legacy but won't trump reverse everything, good question the california fires leaving a path of destruction across l.a. thousands of homes and businesses gone gavin newsom is worried about trump spreading disinformation we are on that, los angeles police department ramping up their presence around damaged neighborhoods they were to stop diluting the los angeles county district attorney on that next ♪ ♪
10:13 am
at betmgm, everyone gets a welcome offer. so whether you're courtside trying to hit the over... or up here trying to hit the under. whew! or, hitting that win with your crew. ohhh! yes, see defense! or way up here with a same game parlay. yaw! betmgm's got your back. get your welcome offer. and play with the sportsbook born in vegas. all these seats. really? get up to a $1500 new customer offer in bonus bets when you sign up now. betmgm. download and bet today.
10:14 am
10:15 am
10:16 am
let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪
10:17 am
>> dangerous winds are forecast to return to los angeles. jonathan joins me from pacific palisades, his anxiety level rising there all over again? >> absolutely i'm not sure the anxiety level went down to be perfectly honest but we are under a red flag warning right now but as of 4:00 a.m. local time, 7:00 a.m. eastern tomorrow i goes to the national weather service refers to as a pds warning a particularly dangerous situation when the wind is supposed to be at the peak for another 24 hours. it'll be wins similar to those which brought such destruction a
10:18 am
week ago, the flames that blew in on the winds last tuesday caused this across a huge swath of the pacific palisades which is under any normal circumstances a totally ideal of neighborhood air in los angeles but so many people have lost so much. is often the individual stories that hit you the hardest in the instances. i wanted to tell you about one particular person. a 99-year-old grandmother her granddaughter reached out to me last week and asked if i could check on her because nobody was allowed appear, i was not able to get myself on friday but my friend and colleague griff jenkins data over the weekend and this is what he found, look at the video that video we had to send of the 99 euros granny's completely destroyed house we had to send to her family.
10:19 am
she obviously absolutely devastated she lived in the pacific palisades for 60 years, six decades and now everything she owns all the memory she built up over the six decades completely and utterly gone, the family asked us not to username because they don't want her to be further overwhelmed with messages and text so were obviously honoring that but it's one example of so many hundreds here in the palisades, hundreds more east of us and altadena, this is what so many families have left of their lives. unimaginable devastation. and now they are nervous about what happens next obviously not in the palisades and altadena, not that much left to burn in the palisades but across l.a. in a big part of the hinterland beyond l.a. because of the winds that are really going to pick up late tonight and into tuesday
10:20 am
morning. firefighting resources already stretched very thin, they could be facing another extremely challenging and dangerous few days. >> thank you very much indeed, law enforcement is beefing up its presence and damaged neighborhoods there going to fend off looters. l.a. county district attorney nathan hochman joins me now mr. district attorney i heard of organize gains on scooters looting in some areas. is that accurate? >> we have seen looters in all different forms there is over 39 arrest at this point were working around-the-clock with law enforcement in the district attorney's office to bring them to justice we sent an unmistakably clear message these folks if they want to take advantage of the tragedy right now where people have suffered a loss of their homes and their businesses. we are going to arrest them and
10:21 am
prosecute and we will punish them to the full extent of the law. >> one suspect was arrested with a flamethrower near the fires. ice confirm this person is an illegal migrant. will california change the century status or l.a. change the century status. >> i can't speak to the century status right this second but i must tell you at 2:00 p.m. los angeles time were holding a press conference and we will bring charges against looters and we will bring charges against someone setting arson and not triggering the big fires for setting arson and as you will hear the sentences will be very, very significant. we are sending a warning that there should be no confusion. if you want to go ahead and take advantage of the tragedy whether it is looting or price gouging or arson or the internet scams where people are literally trying to take advantage of
10:22 am
people in the worst situations we're going to come after you and we're going to throw the whole book after you. >> the district attorney president-elect trump criticize gavin newsom saying in part, i'm quoting the incompetent polls have no idea how to put them out they can't put out the fires, what is wrong with them. what do you think of governor newsom's handling of the fires? >> whether governor newsom handled the fires correctly or not is not our current immediate concern. our immediate concern is to make sure on the criminal front the people who evacuated, i'm one of the 200,000 people that evacuated my home for the last week and they understand that law enforcement will protect them and if any criminals want to take advantage of the situation they will be brought to justice. we well plenty of times after the fires are out to figure out what happened, to assign blame but our focus right now is
10:23 am
laserlike on making sure people are protected and lives are saved we can save as many homes as possible and they begin the recovery. l.a. is an incredible place i lived here for over 60 years we will rebuild better than ever and the criminals better not get her way. >> district attorney nathan hochman, thank you for joining us we appreciate it. fox corporation has donated a million dollars to the red cross california wildlife relief effort you can donate by visiting go.fox/red cross or scanning the qr code on your screen the los angeles police department responded to a call about a potential burglary vice president, harrison brentwood that is located within the palisades fire evacuation zone officers detained two people at her home while curfew was in effect read california resident outrage after learning l.a. elites are paying private firefighters $2000 in our to
10:24 am
protect their multimillion dollar home. what do you think of that. >> if i was in l.a. and i'm watching the elites the geysers with the money behind the leaders who are now botching this recovery i be mad i don't blame anyone for protecting their house but it's elites that can insulate from bad policy on crime now we see on fires where the rest of california residents are left to pay the price. you have to vote differently if you don't like what the elites are doing throw the politicians out and you can neutralize the issue. >> political changes required after this. china recorded a trillion dollar trade surplus just in 2024. does that make their economy more vulnerable to trump's tariffs. stephen a smith sports guy has harsh words for california leadership. watch this. >> they got ago i don't give a damn if they do after what i've seen they got ago read i'm done i'm done kevin.
10:25 am
>> more on that in the fire response in los angeles. that is next. ♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. and ai helps jim solve customer problems before they're problems. oh, so we all work better, together!
10:26 am
my work here is done. excuse me, which way back? it's payback time. all these years, you've worked hard. you fixed it. you looked after it. maybe it's time for your home to start taking care of you? we've invested in our home, we've worked on it, we had a whole lot of equity just sitting there. you paid down the mortgage, invested in your home. i guess, you could say, your home owes you.
10:27 am
unlock a portion of your home equity with a reverse mortgage loan. get tax-free cash, and stay in the home you love. you'll rest easy knowing you'll continue to own your home just like any other mortgage. and your heirs will never owe more than the home's value. look, finance of america can show you how a reverse mortgage loan can use your built-up home equity to give you tax-free cash for almost anything you might need. just eliminating the mortgage payment freed up a lot of cash for us. i get to do what i want when i want. finance of america customers talked about the counseling they got along the way, so they know how a reverse mortgage works... and how their home could help pay them back when they need it the most. i have no worries anymore. the fact that we're still in this home, means so much. it's done everything for us that we hope it would do for us. a reverse mortgage loan could put more money
10:28 am
in your pocket by eliminating your mortgage payments. you can use it to pay for home improvements, pay off higher-interest credit cards, even plan for unexpected expenses. the worry every single month to make that payment was gone our customers' homes are taking care of them. maybe, your home could do the same for you. finance of america is a lender you can trust. the bbb awarded us an a+ rating, and 95% of our customers would recommend finance of america to a friend. call for your free info kit. >> on the market this morning
10:29 am
and show me american eagle they raise their profit forecast for the third quarter they touted the december sales to the holiday spending. , down she goes 4%, biogen considering $469 million payout of sage therapeutics, biogenesis out on the news, venezuela turning into a big problem for president-elect trump the dictator maduro has been sworn in to a third term, rich exit of
10:30 am
the state department, what is trump's saying about this. >> good morning the president-elect is warning the maduro regime not to harm the opposition leaders. he wrote untrue social venezuela and activist and president-elect gonzales are peacefully expressing the voices in the will of the venezuelan people the freedom fighter should not be harmed and must stay safe and alive. venezuelan president nicolas maduro was sworn into office late last week for the third consecutive term the result of the u.s. and allies called illegitimate, biden administration recognizes gonzales as the winner, anthony blinken called maduro's inauguration a desperate attempt to seize power. the maduro regime blocked opposition marina from running from office she emerged from hiding in venezuelan police detained her she spoke with fox about the potential for change in venezuela.
10:31 am
>> we can be the best ally the united states will have in america. first of all because we also are desperate to solve the immigration problem in our region we will all venezuelans to come back and billions and involuntarily that will happen when they see a future in the country. >> the united nations is 6 million venezuelans have left the country because of economic and political crises, biden administration hit maduro with new sanctions during the first term trump did as well and he recognize the different opposition leader juan goya. rejecting, president biden spoke with benjamin netanyahu about a hostage deal white house national security advisor said agreement is close we are very, very close and being very close means were far because until you actually get across the finish line, we are not there with
10:32 am
president biden stop middle east advisor and go hi he's been there a full week hammering out with the mediators the final details to be presented to both sides we are determined to use every day we have in office to get this done we need to trump national kt mcfarland to be there and it happened she appeared miraculously on the right-hand side of the screen is biden getting this done or is trump getting this done. but i did maybe the guy that had the on his legacy list and his oval office and i'm the guy who did this, we all know is donald trump who did it, donald trump has said is going to rain hellfire and brimstone if you're
10:33 am
hamas you have a choice you can do the deal now with biden who will give you everything possible you could want to get the deal done or you wait until donald trump at which point you will face complete destruction. stuart: it sounds simple but there is a kernel of truth, that's a fact, 2:00 p.m. eastern president biden discusses his foreign policy legacy. kt, two questions what is biden's foreign policy legacy. second is trump going to reverse everything? >> president biden nobody cares of president biden is saying the speech will make no difference unlike farewell address is like george washington to ronald reagan to dwight eisenhower. particularly on energy policy he will reverse the on day one. when trump left office oil was at $40 a barrel remember back to 2017 when trump went into office
10:34 am
oil was $120 a barrel that was great for russia and for iran but trump cayman new energy policy and let american energy producers produce and export the price of oil dropped by two thirds of bankrupted russia and iran, biden came and went back to the obama system and oil shot back up to $100 a barrel, president trump said day one first thing i'm doing is drill baby drill and get on lisa's american energy industry and that will be terrific for our economy but really terrific for the national security. >> to think the price of oil by terms energy policy is that the key to the ball of wax a foreign policy. >> it is. here's why, first of all it's great for our economy it will make everything cheaper in the united states and help with inflation but as a manufacturing element energy is a really important part if we have cheap
10:35 am
energy cheaper than ever manufacturing in our peers in europe or asia that means our products again to be cheaper than anybody else they're going to have to import whether china or japan or korea or europe countries they get import energy where ours will always be significant cheaper than anything else i can do in hopes of their manufacturing. think about the foreign-policy invocation. russia and iran 80 - $90 a barrel we can produce upward and $50 and make a profit with plenty of energy to power the entire world for 200 years what will happen to russia and iran their incomes will be cut in half to know more expensive foreign wars no more work in ukraine no more war against israel think about the europeans the russians are able to blackmail your years, russia could turn off the oil and natural gas in the flick of her wrist and the europeans have to
10:36 am
do whatever russia says there blackmail or no energy we could be the provider of liquefied natural gas all around the world everything changes with national security and domestic security is a one fundamental thing that trump understands and he will do on day one. stuart: you spell it out very clearly, thank you for joining us we will see you soon. brian brenberg. gotta repeat this china racked up 1 trillion-dollar trade surplus in 2024 i think that makes china susceptible and vulnerable to terrorist like it does have a reason they have so much overcapacity for exports they cannot afford to pass cost on to consumers that is the problem they wanted to bring $5 and growth will come from experts if they raise prices and go get the sales there in huge trouble the domestic economy is shot they need experts trump has china right where he wants them on tariffs. he can go big and i don't think
10:37 am
it will hit american consumers because china cannot afford to take the risk. >> that is fascinating trillion dollars. >> is an amazing moment to try the policy. >> thank you, good stuff. still ahead one nbc analyst says this about trump's political power now. >> i think donald trump is at his absolute strongest right at the moment close of his nominees are on track your corporate america spending understanding the need to donald trump. >> he makes a good case you stage, can. mel gibson criticizing california governor over his handling of the fires. watch. >> in a message from you to governor newsom or karen bass tonight? >> spend less on hair gel. >> it didn't end there either we have the full tape and you will hear it next.
10:38 am
my parents worked hard for everything we had. ♪ they taught me the value of a dollar, and how to use it wisely. ♪ those lessons are forever, and today i share them with all our employees. it's why i team up with vanguard for our company's 401k plan, because everyone deserves to have someone look out for their financial well-being. ♪ vanguard. fifty years of helping investors be well on their way. when i got diagnosed with skin cancer, it was right under my eye. i was told that surgery was the only option, and i did not want to get cut open on my face.
10:39 am
i asked my women's group to pray for me, and one of the other ladies told me about the procedure that her friend had and it was gentlecure. if you, like millions of others, are affected by skin cancer, it's important to know that surgery isn't the only option. there's another choice, gentlecure. gentlecure uses low energy x-rays to kill cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring, and no downtime. i had no pain. i have no scars. and i'm cured. amazing. to learn more, call today or go to gentlecure.com. it's a smart move to get a second opinion. you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments?
10:40 am
we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people. oh, it's cold outside. time to protect your vehicle from winter's wrath. of course, the hot sun can be tough on vehicles too. you need weathertech. laser measured floorliners and cargo liner will shield the carpeting from sand and snow. for your interior, there's seat protector and sunshade. plus, mud flaps and bumpstep for the exterior. impactliner, with shock absorbing rings, safeguards your truck bed from costly damage. order american made products at wt.com surf's up!
10:41 am
force factor prostate advanced reduces nighttime bathroom trips, helps fully empty your bladder, and promotes a normal prostate size. why? force factor prostate advanced contains clinically studied saw palmetto, beta-sitosterol, and cranberry extract. rush to walmart and find force factor prostate advanced. it's a lot to be a caregiver and a daughter. because you kind of have to take a step back. getting some help would be a great relief. from companions to helpers to caregivers. find all the senior care you need at care.com
10:42 am
.stuart: there are a few big winners among the dow 30 unitedhealth, caterpillar, chevron up nicely, the three combine the hud 224 points to the dow. in other words if it weren't for those three stocks the dow would be negative and in the red there setting some of the losses from big tech, look at them go down apple is up $5, nvidia down three, microsoft $4.15. the mayor of los angeles criticized for being out of the country when the fire broke out three years ago she promised to cut back on the world travel so she could focus on the city. however, she's been out of the country five times including the visit last week to going to. brian brenberg whitley what do you think of the mayor's response to the fire. >> that's the piece of it like it's me, she said she wasn't
10:43 am
going to leave and she did she not only said that but she left at a time when you don't to be of urologist to know this is when the wind blows in the fire danger is greatest and she's in africa, the response is tough there's all sorts of pieces. if you're the mayor and you know this is the biggest meteorological risk to your city you better be there and let some videos to the wedding and she did not do that. stuart: espn stephen a smith calling for california governor newsom and the mayor of l.a. karen bass to resign on no uncertain terms. watch this. >> they got to go when firefighters are saying there's not enough water in the fire hydrate and donald trump asked for water to be pumped from canada into the l.a. system and gavin newsom opposed that. when you hearing about environmentalist compelling him
10:44 am
to protect smelt and little fishing salmon at the expense of l.a. citizens, i'm sick of it. >> okay actor mel gibson he also went after california officials watch this. >> one suspects this might happen but one thing resources and the capabilities of our will be able to cope with any situation that comes up but apparently some people were asleep on the job mainly our leaders, someone should answer for but we will see i think we know the culprits. stuart: i think were at a pivotal point. >> i do to i appreciate what stephen a smith said these guys have to go but this is the problem you can't say that bass and newsom have to go but replace them with the next bass and newsom standing in line that will have the california somebody gets thrown out they
10:45 am
bring the same ideological act and in the same result if they have to go has to be somebody with a different governing philosophy that has role california is not just a different person is a whole different way of doing government. >> is a different ideology. thank you, still ahead if los angeles wants to rebuild quickly cut the climate rules that's what california governor newsom has just done that will be the subject of my take at the top of the hour. california under public health emergency toxic smoke to higher rates of heart attacks, strokes we can be a defense dr. siegel on the health risks of the l.a. fires. that is next. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. at harbor freight, we do business differently from the other guys.
10:46 am
we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. all the buzz around bitcoin isn't just talk anymore crypto has gone mainstream. at itrustcapital, you can buy and sell cryptocurrencies 24/7 with the tax benefits of an ira. that's right, with an itrustcapital ira, you can defer taxes until retirement or choose a roth ira for tax-free withdrawals later.
10:47 am
setting up an account is quick and easy it only takes minutes. open your account today at itrustcapital.com. the new era of crypto is here. w
10:48 am
10:49 am
stuart: look at this only one winner amazon of 15 cents microsoft, alphabet nvidia and apple on the downside. apple doesn't report that the iphone sales are down and the stock is up $5 back into 31 here's a real problem for the market the rise in the ten year treasury yield that's quite a rise up 4.78%.
10:50 am
i say goodbye to any lowerinof mortgage rates when the tenure yield is that the mortgage rates tend to go up not down, but see bitcoin down again is that 92400. earlier this morning 90000 even back to 924 at the moment the crypto plays litecoin base, micro strategy, riot are all lower going facedown 4%. evacuees from the fire has started to return to their homes in pacific palisades they have law enforcement escorts they were given allotted amount of time to check on the properties, grab anything they could salvage and leave before curfew. marc siegel joins us now. there's no danger of going back to your home for a limited amount of time to see what you can salvage, right. >> there is a danger but i'm sympathetic people want to get what they can out of their homes how sad this is but there are
10:51 am
down paralyzed, nails and places, damage furniture and rubble is so easy to get injured in the situation and people are getting injured. by the way they're not always going to medical care by the way sometimes they don't know where to go because the hospitals like cedars-sinai did ucla are stretched thin cedar sinai is trying to accommodate this they cut down their elective procedures to stop them over knocking people out to get medical care yet. remember a lot of toxins in the air talk about going back to home there is a lot of toxins in the air, burning chemicals as a particular matter. >> are they still in the air, the smoke is gone i met a big distance, it seems like the smokers drifted away are you telling me there is toxins in the air raising rates of heart attacks, strokes and cardiac arrest. >> i am telling you that. it takes place over a long time in a particular matter 2.5 is so tiny you cannot thousand on the
10:52 am
head of a penn it can get deep into your lungs in your heart it causes inflammation of the body can lead to heart attacks, strokes as you said long problems, emphysema, asthma and cancer down the line. it can be invisible. really good news over the weekend the wind blew everything away but there is talk about it coming back this week. they're not out of the woods yet. >> this reminds me of the aftermath of 9/11 in downtown new york city there was toxic fumes for some time is there similarity between the two? >> that part what you said is the similarity people thought everything is well with skies clear today. the difference in scope is enormous i do not want to compare this to 9/11 because 9/11 was so tragic in terms of cancer and soffit deal problems among problems but it's the same
10:53 am
idea is just not as much in scope. stuart: if you go back to inspect your property briefly should you mask up and what are the precautions can you take? >> percival yet to be very calm and careful and slow and be on the lookout for what i just said objects protruding. absolutely i would wear it n95 mask. these are what the masks were designed for, particular matter and i would be ultra- ultra- careful if you have to go back right now. people are curious they want to know what shape your home is in. stuart: what about mental health effects from this. >> is the biggest of all a study out of alberta's said one out of three people coming out of the wildfire were depressed. a huge study nature communication looking at a million people in california after the wildfire and this may be the worst yet it's in the city, the city of los angeles shows long-term effects of anxiety, posttraumatic stress and were not even mentioning the
10:54 am
first responders, the firefighters people putting their lives on the line trying to get community together they are heroes in the situation but they have long-term mental health issues. stuart: quickly and new study showed a calcium and a glass of milk lowered the risk of colorectal cancer lowered it 17%. colorectal cancer is rising among people under the age of 50. can you tell me what is behind that? >> it is rising because of poor diet this is a really important study. it showed that alcohol is increasing the rates and were seen a lot of alcohol and drinking going on, fatty foods increase in the rates of colorectal cancer. decreasing the rates appear to be calcium but it's not the milk is a calcium in the milk they were careful to study that, calcium is good for you it decreases: problems, milk has a lot of fat and it. >> doc siegel as always thank you for joining us we appreciate
10:55 am
it. thank you i want to thank brian for sticking with me for the entire hour, do it again. thank you, "the big money show" weekdays at 1:00 p.m. eastern brian is on on fox business. still ahead joe concha on the nbc analyst saint trump right now is at his strongest darrell issa on whether trump can unify the gop in the house to get tax cuts and retired four-star general jack keane on president biden's foreign policy legacy. the new york city restaurant offering a 9-dollar discount to congestion pricing. good idea. the 11:00 o'clock hour of varney is next. ♪
10:56 am
sofi is helping me get my money right to achieve my ambitions. like earning more money on my money as a head chef. ready for service? bank with sofi to earn a higher apy and an epic welcome bonus. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes... ...and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects include increased ketones in blood or urine, which can be fatal. stop jardiance and call your doctor right away if you have nausea, vomiting, stomach pain, tiredness, trouble breathing, or increased ketones. jardiance may cause dehydration that can suddenly worsen kidney function and make you feel dizzy, lightheaded,
10:57 am
or weak upon standing. genital yeast infections in men and women, urinary tract infections, low blood sugar, or a rare, life threatening bacterial infection between and around the anus and genitals can occur. call your doctor right away if you have fever or feel weak or tired and pain, tenderness, swelling or redness in the genital area. don't use if allergic to jardiance. stop use if you have a serious allergic reaction. call your doctor if you have rash, swelling, difficulty breathing, or swallowing. you may have increased risk for lower limb loss. call your doctor right away if you have new pain or tenderness, sores, ulcers or infection in your legs or feet. ♪ jardiance is really swell... ♪ ♪ ...the little pill with a big story to tell. ♪ do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm
10:58 am
skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
10:59 am
your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management >> it's absolutely heart breaking to have house after house, block after block just decimated. really, it does look like a war zone. >> it's shocking that this could happen on this scale and not have water to fight it. >> the people evacuated, myself included, we couldn't even find a hotel room available because
11:00 am
there's such a limiteddousing supply in california. >> when he comes in or his administration comes n they're going to be set on day one to accomplish a lot of things that are going to be very effective. >> interest rates rising are a good thing when going up for reasons like now, strong economic data. >> they're using antiquated models that don't reflect the world we live in. >> new york has twice as many taxes as these states and they want to export the taxes to the states. >> trying to save one of the two sexes matters as much as the other one, and we should stop de facto labeling them as toxic. i hate the word toxic. get rid of that. just talk about men as men. ♪ ♪ stuart: sports fans, notice the lack o

0 Views

info Stream Only

Uploaded by TV Archive on