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tv   Varney Company  FOX Business  January 13, 2025 11:00am-12:00pm EST

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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 of traffic on sixth avenue
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in midtown manhattan. we have congestion pricing and it's cutting down on the number of the cars in the street. middle of the day, almost empty. it's monday, january # 13th and markets show a completely separate marketplace. dow up 170 points and nasdaq down 223. big tech mostly lower, amazon, microsoft, alphabet, nvidia down. problem for investors and the yield on the 10 year going up, 4.78%, well above 4.33% and way up from last week. investors don't like that and now this, if you want to build more housing, cut the red at the same time seconds to play los angeles wants to rebuild quickly, cut the climate rules. that's what california governor gavin newsom has just done. sunday, he issued a three page executive order that suspends
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the expensive and time consuming is environmental review processes and only for homes and businesses damaged by the fires, but it is a start. it is a record emission that the green religion led to a foolish and destructive affordable housing crisis. at the heart of the problem is that california environmental quality act. it's known locally as a seqa and it's a monster. the greens run the show. under this law, developers must submit a detailed impact statement. what's the effect of the project on local noise, wildlife, traffic,? the view and of course co2 emissions. that statement pawed over by -- poured o over by environmental lawyers that have every intention of delaying the project and making it so expensive it's abandoned. this is how bad it gets, jillian michaels, the fitness guru who
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was on our program lost her home in 2018. took a year for the authorities to allow her to clean up her swimming pool. that's how it is. worth pointing out the contrast between the governments of california and florida, democrat newsom, burdened by green ideology reacts to a natural hit and well organized and pragmatic republican governor desantis prepares in advance. it used to be california, which pointed the way to the future, not now. third hour of varney starts right now. ♪ stuart: joe concha with we minnesota ormond morning. could the fires lead to real change in california, permanent change? >> unless there's a change in leadership, i think brian brenberg was brilliant in your last hour saying look, you can have gavin newsom and arnett
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bass resign -- karen bass resign, but will another newsom and bass come? in adam schiff and nancy pelosi and eric swayl well be leaders in california? till you change the quarterback, the game snout going to do too well and another quarterback that's like the first qb, that's a problem too. if leadership changes, then yes, but californians now for quite some time have been elected democrats over and over again despite horrible records so will this be the tipping point? i think it will be, stu. this isn't a story that next week we're not talking about it. we could be talking about this for years. a generational story because to your point, if it takes a year just to get jillian michael's pool fixed, how long does it take to rebuild all the homes and get through all the insurance and red tape and talking about tens of thousands of homes that were either destroyed or affected here, it's an absolute mess and unless leadership changes, it's going to continue to be a mess. stuart: i want you to listen to
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what one analyst at nbc said about donald trump's strength heading into next week's inauguration. roll that tape, please. >> i think donald trump is at his absolute strongest right at this moment. look at the fight we were expecting in the house of representatives and his pick and speaker mike johnson wasn't his fight and senate republicans loving him right now. most of his nominees are on track. you have corporate america bending the knee to donald trump, his legal problems seem to be over. this is peak donald trump right now. stuart: he's at his peak right now but doesn't his overall strengths in the futures depend upon what he can do for the first 100 days? >> depends all on mike johnson and house republicans, stu, hurting all those -- herding all the cats from the different factions and making sure the trump agenda gets passed in the
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house and ma jordy seizure disorders 53-47 and people like john fetterman on the democratic side who appear to be willing to go along with some of these proposals and depends on house republicans and taking opinion out of this, stu, and look at number, poll after poll show that majority of americans not only approve of donald trump's transition and optimistic that he'll do a good job over the next four years and contrast with joe biden's exist and going down as second worst president in polling history and only richard nixon that resign had had a lower approval upon leaving office. after leaving the swing state and taking back the senate and holding the house, it's a public support per spect and i have it's a mandate, stu. stuart: openai the chatgpt guys, they just released a new economic blueprint and lays out their policy proposals for how they say the u.s. can maximize
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benefits of ai as well as bolster nags gnat security and drive -- national security and drive growth. christine haines is the -- christian haines is the ceo of openai and joining me now. chris, you're calling for straightforward and predictable rules when it comes to ai. in a nutshell for lay audience, what does that look like? >> thanks, stu. breaks down the three specific categories. one at the federal government level, have clear guidance, coherent strategy coming to national security and how are we leveraging ai to make sure the u.s. continues to lead. laboratories of democracies to really lean in and benefit from what those technologies can do and bun of the areas we've focused on is ai supporting kids and sch schools and there's a lf conversations about growing talent in the country. state cspan play a significant role if that and in the third level is infrastructure and it's
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destiny. we need chips, we need data, we need energy. those are the three components that allow this country to have the infrastructure to make sure it has ai compute, raw computing power that you need to be able to power these ai systems, that in turn supports the national security imperatives and supports the economic opportunity that the country can get from the technology. stuart: a lot of people, myself included, do not entirely understand ai, but we do want america to hold a significant lead in ai chips and technology. do we have a significant lead? >> we have a lead, that lead is not as big as it once was versus china. you know, vladamir putin, who is not someone i would typically quote, talked about the fact whoever wins the ai race between the u.s. and china wins the world. the chai need made clear and
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want to be dominate by 2030. in the last three or four weeks and models and ai systems out of china and demonstrate they have really accelerated their progress. now, at the end of the day, this is sort of a core concept that's built into this economic blueprint. the reason the u.s. is a super power and a reason the u.s. is a super power is because of the super powers of innovators, builders, developers throughout the countries entire history. we're at a moment now given the race we're at, which we absolutely have to win and i believe we will win, but to guarantee we win, we need to think big, act wig, and we need to build big. this country has done that before, and so what we're trying to do with this blueprint is really promote and advance that mindset at this moment in time. stuart: openai sam altman has been to mar-a-lago and talked to trump and donated millions to a
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fund and are you a contact about ai in the future? >> not surprisingly for any company that is in the middle of such transformative technology and you have to think about this at the scale of electricity it'll impact how we work, live, communicate, even how we play, all of those things come back. this technology is so big and of course a company like ours, you know, by definition has to be in conversations with folks coming in to lead this country as we go forward. look, i think one thing that we are really struck by, excited by, interested in and certainly want to be partners with is president elect trump made really clear his perspective on ai. it is to make sure that america wins on a national security piece, and wins on the economic competitiveness piece. we understand as the premier inviter in this space we need to bush innovator in this space we need to be part of that and be supportive of reaching his goals. stuart: you got that in, you're
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the premier developer of ai. kris lehane, thanks for being here. >> thanks for having me. stuart: you got it. we'll see you again real soon, chris. jason katz with me this morning and he's been listening to what chris lehane said. what do you make of america's ai leadership? >> chris characterized this spot on. this is an arm's race, and we could ill afford to let the competition within the ai community get in the way of us competing with china, and certainly could ill afford to have state government or federal government get in the way. the good news however is the incoming administration gets that. they'll be very much behind this and evidented by trump's announcement and $20 billion infrastructure data center build. stuart: if we don't get real good earnings reports from big tech, are we in real trouble because the nasdaq is way down today? >> certainly. so we've been in this paradigm where good news has been bad news and bad news is good news,
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and to me as a long term invest torques i want to see robust job numbers because that means a recession is unlikely. and it also means that earnings are likely to hold up if not exceed expectations but to your point, if earnings don't walk the walk, at this evaluation of 22 some odd times earnings, there's not that much room for error and fortunately we think earnings will deliver. stuart: you think so. you're on video tape saying that and bring you back to play the tape. thanks indeed, jason. always a pleasure. thank you, sir. republicans flocking to mar-a-lago and trump works to shore up his support for his massive policy overhaul. can they get it done and unify in where'll bring you the latest from capitol hill. gavin newsom suspended environmental regulation to help la rebuild faster. >> i'm worried about time to getting these projects done and so we want to fast track by
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eliminating any requirements, coastal act changes that we're making. stuart: california congressman darryl issa joining us to pass judgment on newsom's response to the fires. that is next. ♪ at harbor freight, we do business differently from the other guys. we design and test our own tools and sell them directly to you. no middleman.
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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. ♪ ♪ stuart: over the weekend, donald trump met with leaderships and trying to extend the tax cuts and extension of the salt deduction. hillary vaughn on capitol hill. hillary what, did trump ask the lawmakers to do? reporter: well, ultimately president elect trump needs every republican vote and he
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needs these republicans to go back and find the votes for his tax agenda and figure out what number they need to raise the salt cap to in order to support the legislation and get it through reconciliation and one of the lawmakers is new york congressman mike law herrera, who said his -- lawler who said his support is contingent on getting a salt cap lifted or raised. >> here's the reality, if we don't pass a tax bill, the cap on salt expires completely and we go back to unlimited. the problem is that it would be associated with the largest tax increase in american history. that's why we went down to meet with president trump and he understands this and said to us, i'm with you and come back with you and work through it. reporter: a lift would cost a lot of money, about $170 billion added to the debt and there's not a lot of bang for the buck
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for the middle class. it a perk mostly for the rich. a committee for responsible federal budget saying of the cut "all though described as middle class tax relief, the benefits from loosening the salt relief is flowing to the highest households especially those those in high tax states like new jersey, anything connecticut, and california. if you doubled salt tax deduction, 94% of benefit goes to households making combined effect deliver 200,000 and half goes to people making less than $100,000 a year". fiscal conservatives won't vote for a tax package if things like salt are include that had balloon the debt even more. >> if we do not reduce spending, we are simply shifting the tax to future generations paying for a mountain of debt and coming to before christmas and coming together saying we need to cut
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at least 2.5 to 3 trillion for a debt ceiling increase. reporter: stuart, doubling a salt tax would barely make a difference. anyone making under $100,000 a year if the salt cap was doubled, they'd save about $1 on their taxes. stuart. stuart: that does not amount to much now does it, hillary? thank you very much indeed. well done. congressman darryl issa, he's a republican from california, and he joins me now. can he reign in the freedom caucus to get that absolute unity, congressman issa? >> the answer is we're going to. now, the question, stuart is how are we going to? yes, he does have to deal with the fact that the states that he had there, myself included, woe
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were very adversely effective by the elimination and deductibility for income tax that was taken in voluntarily and you know extremely well that when they tell you that you made $200,000 and then both the state and federal government tax you on $200,000 in new york or in california, that means that you could be paying 53% off the top so, yes, there is a demand for some sort of recognition of that. the president recognized it, was very supportive that we need to find a collusion. he also said, and i think quiet rightly, we have a lot of priorities of things, which are going to make the economy grow. we can't leave the things that help the economy grow out because we -- only way to grow out of the deficit ultimately is to grow our way out. stuart: i have to get your thoughts on the fi fires in california. governor newsom signed an executive order to suspend environmental impact statements in order to get rebuilding done
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quicker. watch this. >> i'm worried of issues of rebuilding with scarcity and property taxes and scarcity of property, materials, personnel and worried about time to getting these projects done. so we want to fast track by eliminating any requirements like a coastal act changes that we're making, i want to make sure when someone rebuilds they have their old property tax assessments and that they're not increased. all of that's been done in executive order we just announced. stuart: congressman, is that a good start to get rid of some of these rue nows environmental policies? >> well, if it was getting rid of them, it would be a good start and yes he was for crazy extreme environmental schism tomorrow he'll be for it and today he's not for it in a very narrow area and greater in los angeles and if you go up the
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coast and cannot say if your house burns down in lake tahoe, you'll have everything forgiven and just go rebuild. he's trying to buy off key voters and maintain the kinds of things that cause people to leave the state of california. if he wanted to get rid of the silliness of california coastal commission building on land and reduce or eliminate what's redundant over and above federal requirements, and going to be on there what he's doing and it's not what he's doing and going for them and and not yesterday and not tomorrow. stuart: maybe trump has leverage to force real long term change and darryl issa, always pleasure. thank you for joining us. >> thank yous stuart. stuart: this afternoon, 2:00 p.m. eastern, biden delivers foreign policy address. wednesday he'll deliver a final
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farewell address to the nation. good morning, ashley. do we know what he's going to say? ashley: good morning. probably going to say where am i. that's rude, i shouldn't say that. the president is expected to reflect on his legacy and on the challenges facing the nation ahead. he may also boast about his administrations economic performance following that strong december jobs report and oval office address is scheduled for 8:00 p.m. this wednesday evening eastern time and five days before he leaves office on january the 20th. the last time biden gave remarks from behind a desk was when he addressed his decision to actual withdraw from the 2024 campaign, which he thinks hoe could have won. this time, some of the words may get stuck in his throat and biden handing reigns of power and as we know back to the man that he hads and it's a genuine threat to democracy and apparently voters overwhelmingly disagreed. stuart. stuart: you're right, they d. thanks, ash. check the markets again, please.
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why not. dow up nearly 170 points but the nasdaq is down 260. go figure. coming up, tonight, president biden gives his final address on foreign policy address. he'll be at the state department for that and highlighting what he thinks is his legacy on the world stage. biden's national security adviser jake sullivan is doubling down on the belief that biden made the right call in afghanistan. roll it. >> the strategic call president biden made looking back three years, history judged well and will continue to judge well. stuart: we'll ask retired four star general jack keane about biden's foreign policy legacy, what is that legacy? the general is next. ♪ ♪
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can i have agents? maybe. ♪ your loved ones are getting older, and they need your support. care.com is here to help. it's an easy way to find background-checked senior caregivers in your area. and some piece of mind. see why millions of families have trusted care. go to care.com now can stuart: ashley, what's helping with djt on the move?
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ashley: a mere 14% gain and ahead of donald trump's inauguration next week of course just around the corner. investors certainly appear to be optimistic ahead of donald trump being sworn in as the next president but take a look at this, stu, djt surged a whopping 79% in the last year. impressive by any standards. take a look at cleveland clips, that's a steel maker that's partnering with the rival new call for a potential bid for u.s. steel and comes after president biden blocked nipon's takeover deal earlier this month and all the stocks are rising on u.s. steel up 8.5 but new core up 3-4%. stu. stuart: thanks, ash. president biden driverring the final foreign policy speech at state department and happening this afternoon. bring in retired four star general jack keane who joins me now. well, in a nutshell, general, what is biden's foreign policy
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legacy? >> >> his aintense chief this year and four days after the state of the union 2024, they delivered this message in a scheduling brewing that the united states is facing the most serious and dangerous threats from china, iran, russia and north korea and the threat is growing. this all took place during the biden administration. we did not have war in europe until he became president and pulled out of afghanistan. and war in europe means putin wants to take ukraine and expand into europe. we have war in the middle east. iran is operationalized all its proximate jim jordans to do two thing -- proxies to destroy the state of israel, and it's not working obviously and driving
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them out of the region. president xi stepped up his game in terms of aggression and assertiveness in the indo pacific region and they've all happened under the biden administration. they're going to stay they l strengthened their rich with allies and partners, that is true. that happened because allies and partners were in fear of what is taking place. what has all of this taken place by the adversary s? they believe the biden presidency is unwilling to confront them and they lack the political will and app appeasemt and glome seizure disorders comes first and the willingness to confront them and facts speak for themselves. stuart: jack sullivan once again defended biden's withdrawal from afghanistan. watch this. >> the strategic call president biden made looking back through years, history judged well and will continue to judge well from the point of view that if we were still in afghanistan today,
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americans would be fig fightingd dying, russia would have more leverage over us, we'd be less able to respond to the ma jordy strategic challenges we face. stuart: general, do you agree with that? strategic call was right? >> not only do i disagree, it's a false narrative. we weren't fighting in afghanistan since 20146789 and at the end, only 2500 soldiers and that's less than any one of the three 53 brigades in the army and that's how small and the nato countries wanted us to tay and russia, china and iran got out and the united states was willing to surrendered country to the adversary we were fighting and gave up on our ally, who was standing by for 20 years. that's the reality of it. stuart: general, i'm interrupting because karen bass,
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the mayor of los angeles stepped up to the podium to answer questions at a press conference. general, thank you for joining and yous see you again later. i want to listen in to karen bass. >> as we prepare for more wind, we are also urgently working to provide people with much needed resources. this week as chair barger said, our city and county launching in-person local assistance centers that were tailored by fires. stuart: we'll get back to karen bass when he takes more questions and we'll get back to that. coming up, rich people in los angeles hiring private professional fire crews to protect their homes. how much they're log shell out for that private s. nearly a does people under arrest for accused of looting empty homes in santa monica and some using an app that tracks evacuation zones and our next guest lives in santa monica and said crime is out of control. we'll hear her story, next.
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stuart: united health is doing very well. it's a dow stock and accounts for much of the gain for the dow industrials, which are up 100 points. nasdaq though still mired in red and down 250. we did want to go back to karen bass, the mayor of los angeles. she was holding a press conference. but she did not take any questions. she is simply reading from a statement and we thought that's not what we want. we to want see her answering questions. we're moving on. los angeles county district attorney joined the program and issued a warning to looters. listen to this. >> if you want to go ahead and take advantage of this tragedy, whether it's looting, whether it's price gouging, whether it's
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arson or these internet scams where people are literally trying to take advantage of people in their worst situations, we're going to come after you and we're going to throw the whole book after you. stuart: joining me is gabrielle mo cespedes, a resident of sant. good morning. there's a drastic increase in the area. is that because of the fire s? >> i believe it is. i think everyone right now is currently on edge and there's high tensions and overall there's been a lot of burglaries and also fires, smaller ones in endampments and just across the streets and trash fires even starting. stuart: gabrielle, i'm sorry i mispronounced your name, is santa monica feel ago bit of relief this morning? i know the crime is bad, but the fires are still some ways away. are you feeling a little less anxious? >> yes, i do right now, but we have been warned that tomorrow
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it's potentially going to get a little bit worse due to the wind direction and the strengths of the wind so we're on edge right now, but for now we are in the clear. stuart: is the town up and running? >> it kind of depends. some places are, but a lot of places are closing early or just are not open whatsoever. uart: overall big picture, how would you say the fires affect santa monica? >> i would say the air quality is really bad overall. one morning i woke up and it was 430 on the weather app, which is crazy because that's about the same levels as new delhi. overall it's been sitting around 100 and also the tension is in the air, a lot of people are on edge, a lot of people are leaving town even though right now it is pretty safe to be here. people are worried that there's arsenic in the air as well as gas and some other molecules
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that are not safe to be breathing in every single day. so overall it's kind of hit and miss how it is. it's okay in the mornings, nighttime it get as bit tense with homeless people starting fires, with hearing sirens and not knowing exactly what is going on. right now we're doing okay. stuart: do you think overall people are critical of governor newsom and karen bass? >> yes, they definitely are not happy about how everything is being handled, especially the events that led up to where we are today because i do believe a lot of it could have been avoided. i think there will be changes made. hopefully in the near future, but i do think that the citizens are going to be a little bit more vocal moving forward. stuart: do you have bags packed ready to go just in case? >> i do, my entire car is actually packed right now in
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case the wind direction changes or in case anything changes in the blink of an eye, i'm ready to go. stuart: where would you go? >> south. probably san diego. i don't exactly have like a hotel reservation or anything like that, but just as far as i need to go because there are a lot of hotels that are completely booked up even in long beach so we'll probably have to go at least two hours away to find somewhere that's available. stuart: do you have friends or relatives who have lost everything? >> i do have a few friends that did lose their apartments, which is incredibly sad. i have friends who have family that lost their homes,hat literally left with the clothes on their backs and animals and that was it. stuart: unbelievable. gabrielle moses, thank you very for joining us this morning. we really appreciate it d we wish you well. >> thank you. stuart: sure thing. some california residents are outraged aer learning that wealthy people are hiring private fire fighters to protect their hos.
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ashley, how much does a private fire fighter cost? ashley: apparently as much as $2,000 an hour and as you say, that's not going down well with other homeowners that are upset that private fire fighters are being used. i never knew there was such a thing but residents were furious when one local homeowner, a cofounder of real estate investment firm posted on x "does anyone have access to private fire fighters to protect our home in pacific palisades? need to act fast here. our neighbor's houses are burning, we'll pay any amount, thank you". response was quick and angry. incredible nerve. his family was evacuated and he's trying to hire private fire fighters to risk their lives to save a home. he most certainly hay insured. incredibly tone deaf. another said this, you're suggesting that pomoxus ten you believely life saving resources, even if private, should be diverted to save your house
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because you're rich while tens of thousands of people try to e slam -- evacwait and the rich resident hit back and called them trolls. that didn't go down well either. stuart: it wouldn't, would it? we'll leave is there, ash. check out the dow 30, please. we like to say giving you a sense of the market. more green than red. the dow is indeed up 163 points. that's 0.39%. some drivers say new york city's congestion toll is doing more harm than good, listen. >> i'm not going in the city a lot because of that . it's going to hurt the city. it's going to hurt businesses, it's going to hurt. stuart: my next guest own as restaurant that just paid for their customer's $9 toll. restaurant owner and good day new york host is joining me in studio and walking rate to me
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stuart: a restaurant's inside
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new city's cramabling to keep customers and some are offering to pay the $9 toll. fox 5's good day new york cohost joining me now. roseanne, welcome to the show. >> thank you, stuart. stuart: you own a restaurant and offered customers to pay the $9 congestion toll, what's the re-sponges 124 >> a great response. people are angry. i don't know what will happen in six months from now, but right now they're angry and, you know, we were talking alaska the streets of new york city, they're quiet. now, usually traditionally january, february quiet in new york city, especially for restaurants, but there's an anger, people are very upset they can't use their cars. last week we saw a drop in the number of people at our restaurant and i've talked to other restaurants that say the same thing. we're trying to sweeten the pot a little bit, encouraging people
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to come out with taking $9 off their bill. stuart: i didn't know you owned a restaurant? >> yes, 31 years, stuart. stuart: didn't know that either. >> midtown manhattan. anybody bloat mid treat facing a $9 toll during peak hours. stuart: i come in at 4:00 a.m. and $2.50 is what we're paying. >> you're getting a deal. the mta says they're seeing people, more people using subways and about a 10% increase right now. some people on the subway, they're complaining that it's too congested in the subway and that the mta didn't dot right thing by having more considers available for people taking the subway now that they've put this congestion price out there. stuart: i don't know what new york will do. the subway system, transportation system desperately needs money and people are not using the subways
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and picked up now. what else are they going to do? >> i don't know but new yorkers are upset with the mta and feels like it's a big bureaucratic abyss of waste and the money giving them would be spent proper and she go right ahead and new yorkers are a little leery. stuart: tired of mismanagement. like los angeles. >> everybody looking at new york city seeing how it goes and new york, dc, boston and chicago and we have eyes of the world looking to see how congestion pricing takes off here. stuart: new york city shutting down 13 more migrant shelters and going to shut them down by june and less demand for them. in general terms, what's your judgment of mayor adams handling of the migrant crisis? >> he's tried his very, very best and right now he's looking to see with what president elect donald trump will do when he
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gets into office and everybody is concerned with the deportation, how is that going to work? will mayor adams jump on board with the president elect trump and overall the last two years, we've seen over 200,000 people come to new york city and we've put them up, we've given them schultzer, food cards, schooling, free legal service, you name it, they've gotten it. but the mayor has encouraged people to leave the system, and i think this is one way we've seen a drop in the number of migrants coming here every week and at one point we had 4 to 6,000 migrants come ago week and now it's probably less than a thousand. we've seen some of our parks taken away, randall's island and city kids go to play sports after school because we live in a concrete jung and will could not go there for -- jungle and could not go for the last year or so and closing down that and floyd bennett field and opening up another shelter,
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constitutional right, where they're going to house over 2200 single men in the bronx. so it's not like they're closing everything down, there are going to be other place where is they're opening up shelters. stuart: in some ways you've got to take your hat off to new york city for putting up with these people and paying for them. that's the law, we had to do it but new york, we have a heart. >> we do have a heart. and, you know, it'll be interesting to see how it goes in the next few months when president elect donald trump comes here. stuart: yeah, indeed. know what i'll be interested in, how many people move out of los angeles for good. >> you know, it's interesting, i've talked to people that live sadly in the fire zones and whose home haves been destroyed and i've asked them, what do you think you'll do? will you rebuild in that area? many of my friends said they're leaving. they're leaving the state. they didn't say where, but they're leaving the state. stuart: tough to go to florida. >> they're very angry with the
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governor and mayor there. stuart: they'll go to texas? >> interesting to see if they go to texas or florida. this is like unscientific survey. stuart: doubt they go to new jersey where i live. >> doubt they come to another high tax state like new york, but who knows. stuart: roseanne that, thank you. the underground economy is available now on fox nation. roseanne that, thank you very much. >> thank you stuart. stuart: the monday trivia question. what's the largest landlocked state? minnesota, montana, nevada, wyoming? the answer when we return.
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stuart: we asked what is the largest landlocked state, minnesota, montana, nevada, wyoming. it is just ashley and i is the moment. i would like to go first. i think montana. >> is the biggest landlocked state. i've never been to montana for ashley you have you lived there and worked there for two years. >> i did indeed and i loved every second of it. it is never to montana. i think is the fourth-largest
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state in the entire u.s. number two montana. >> you are right it is indeed montana. wait for 147,000 square miles, that is big. >> did you see the whole state. >> yes. >> i did. stuart: thank you. a quick check of the market. we have the dow up and the nasdaq down nearly 300.3 the time is up for "varney & company" to get cheryl casone 12 noon. it is your. >> thank you so much. happening right now, the nasdaq taken a nosedive of the rising bond yields slamming tech stocks we're going to kick off the market with the tech titan. california under fire literally. another round of dangerous winds now in the forecast. reporters on the ground with the latest on emergency responders to tame the flames. i'm going to talk tora

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