tv Varney Company FOX Business January 15, 2025 10:00am-11:00am EST
10:00 am
10:01 am
pricing. traffic is noticeably, much, much thinner on the ground. look at that. sixth avenue 10:00 in the morning. good morning everyone. it's 10:00 eastern time straight to the money please you'll like this the markets are having their best day since early november. dow is up 700 points, nasdaq is up 400 points, and here's one of the big reasons why. the yield on the 10-year treasury just keeps on coming down. now you're down to 4.65% as it goes down, stocks go up. that's what's been happening this morning. the price of oil, that's going up. i'm like a broken record here just about everybody is going up. crude oil is at almost $79 a barrel, bitcoin that's up 99, 600 awfully close to that 100,000 mark yet again. bottom right hand corner of your screen the dow 30, there's only three losers out of the 30. not bad. that's the markets and now this. five days until donald trump's
10:02 am
inauguration. five days to get a hostage release deal, or as the president-elect says, all hell will break loose. because of trump, it looks like it is going to happen. secretary of state blinken says israel and hamas are closer than ever to a cease-fire. israeli media says the release begins with 33 israeli hostages, set free, in exchange for several hundred palestinian prisoners. this is close. why now? because the president-elect has been exercising presidential power. he appointed a special envoy, whose been shuttling around the mid east hammering home trump's message, banging heads by the sound of it. according to the times of israel, trump's top aid did more to sway netanyahu in a single sit-down than outgoing president biden did all year. whitkof laid down the law directly to netanyahu and applied blunt pressure to make the israeli leader drop demands
10:03 am
that were holding up a deal. trump has a strong and friendly relationship with netanyahu but he's not afraid to twist his arm. he's showing strength. biden showed weakness. now, there is an extraordinary parallel here that's uncanny. the moment ronald reagan was sworn in, the hostages that iran had held for 444 days crossed into american air space on their way home. a strong leader came in. the hostages came home. don't be surprised if the same thing happens five days from now. we hope it does. second hour of "varney" just getting started. liz peek back with us this morning. do you have any doubts that this hostage release is like, very likely to happen because of trump? >> not at all. i think that its been his repeated threats that there's
10:04 am
going to be hell to pay if we don't get the hostages back, and by the way, there are a lot of parallels between this presidency and jimmy carter, which i think are astonishing. one-term presidents, epically unpopular, sky-high inflation and this constant strangle-hold by iran. i think though, what's really appalling about this entire incident, stuart. when have we talked, when have we heard joe biden talk about the americans held hostage in gaza? never. i mean, he literally almost never talks about our hostages. at least jimmy carter recognizes that this was a gigantic issue for the united states, and it was, but this one, look. trump, i think will get this deal done. i think it's going to be applauded around the world. even some of the liberal media outposts are crediting trump with this apparent near-deal. stuart: you have a new op-ed. the title is joe biden crushes democrat agenda. this is his legacy.
10:05 am
how did biden destroy the left's agenda? >> well, i think it's interesting to reflect. yes, he lost and the democrats lost pretty big in november, but worse than that. he is basically undermined all of this sort of pillars of the progressive agenda. i mean, i'm not a progressive so i'm pretty thrilled this has happened but if i were a democrat i'd look at the fact that dei is being tossed overboard by dozens of american corporations, and has also been just thrown into everybody challenging it. legally challenging it but also just thinking that this is the wrong path. esg, two years ago, financial people were telling me oh, my gosh, this is the biggest investment guideline we're ever going to have. everybody's on board with esg investing and then blackrock dumps its commitment to net zero and basically starts loosening the esg hold. you know that's a major pivot. immigration, obviously, a tremendous turnaround in attitudes here about
10:06 am
immigration. law and order. just one thing after another, stuart. i think it is not just seats lost. it is also the philosophical underpinnings of everything that the progressive left has tried to do and that joe biden signed on to, have basically been left in the rear view mirror and hooray for that obviously. stuart: it's not clear where the democrats go from here? >> it really isn't and i must say watching pete hegseth's committee hearings yesterday. i was appalled at the nastiness and the sort of low road they took for this reason. for this reason i think part of the reason donald trump won is because they were so nasty and so over reaching with their insults and not just about donald trump but about his followers. so what did we see on parade yesterday? unbelievable, again, smears of pete hegseth. i mean, tim kaine going after his marital infidelities.
10:07 am
tim kaine who ran as hillary clinton's vice presidential candidate. hillary clinton and bill clinton not exactly the standard in terms of setting marital priorities, right? i really was shocked and disgusted and i really think the whole country was, so does that advance the democrat cause? stuart: no. >> i can't imagine. stuart: sets it back as you suggest. liz thank you very much for being here. got to get back to the market. see how the rallies going. it's still going. dow is up 670 but the nasdaq, that's up more than 2%. it's very solid gain there. scott shelledy with us this morning. looking at the stock market, are we off to the races? >> right now we are and a lot of folks put that up to the cpi but i think the cpi came in as expected and i know you hate those expectations, stuart, because the expectations were for i hotter cpi than what we had last month which it was but there are those on wall street that think if we meet
10:08 am
expectations, that's a good thing and i think that's took the stock market up a little higher but this is on the back of the fact that you saw those four banks. wells fargo, city bank, jpmorgan, all posting very good numbers here today. i think that says something more about the broader health of our economy and you just can't get in the way of it so if i could put it into compare it to say a soccer team, stuart. our offense is fantastic, right? with president trump's ideas of growth and growth is going to be your scoring, right? if we have good hyper growth that we're going to have under president trump, you're going to score a lot of goals. the problem is we have some problems from the last administration that are going to hardly get over them. we'll have lingering inflation. it's hard to bring those prices down. there are other parts of the economy that we'll still have to kind of sure up from the last administration and that's our defense, so our defense isn't going to be very good, but with the pro-growth strategy he's putting forward, and nobody else can do it like president trump can, we're going to win
10:09 am
all of our matches or molts of our matches by a score of like 7-4, because that's how it's going to be. we'll have to out-score everybody all the time and i absolutely think we can. stuart: you talk a lot about animal spirits don't you? >> yes. stuart: you think trump will unleash the animal spirits in america. is that where you're going? >> yeah, because stuart? you have a lot of smart people on the show. i watch your show all of the time and they are very very smart but there's one thing you can't put in an equation and that's the emotion of those animal spirits. it just doesn't add up. if you can't fit it in anywhere, it's an overarching feeling you'll have to put out there, and i think a lot of people discount it a lot of times but when the rest of the country has been, look what happened yesterday. you just mentioned with liz peek with pete hegseth. that was a perfect example of where we're going to be going in the next four years. it was a perfect example of donald trump and pete hegseth of what was going to happen in this country because it's the return to common sense,
10:10 am
the return to honor and commitment and accountability and that is what the country's yearning for but you can't put that into an equation. that's always going to be underestimated and i think that's one of our key points going forward. stuart: you've got it right again. thanks for joining us, scott. we'll see you again real soon. just want to refer, left-hand side of the screen look at that. now you're up 690. the s&p is up 100 points, 1.7%, and the nasdaq is powering ahead 425 points higher. there's some movers in this market today. i'm looking particularly at meta. what's moving? meta. lauren: look at the social media stocks. snap is up almost 7%. tiktok could be banned on sunday. that would mean more business for them more eyeballs for their site. the supreme court could release this decision on the ban or divest law at any moment. stuart: how about nvidia? lauren: shares are higher for the first time in six days you have a 1.5% rally it's not
10:11 am
just meta and nvidia but the other mega cap tech stocks are all higher, on lower yields and the new administration. business friendly coming in just a few days. stuart: how about general motors? lauren: they signed a multi-billion dollar deal with a company out of norway to make a material that is critical for ev batteries and that norwegian company builds a factory in north america. stuart: 60% of the vehicles sold in norway with ev's. thanks lauren. coming up tonight president biden delivers his farewell address. we'll tell you what he's planning to say. during a white house briefing, vice president harris had this advice for fire victims. sorry, don't quite have the audio there. what did she say? we'll find out. guy benson will sort it out. the lawsuits have begun. southern border edison, the power company, accused of starting the eaton fire. more on at and the latest fire
10:12 am
conditions after this. 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 after last month's massive solar flare added a 25th hour to the day,
10:13 am
10:16 am
stuart: it's a rally. the dow is up 730 points. the s&p is up 102. the nasdaq is up 420 points. that's a rally and a half. goldman sachs, american express, caterpillar, microsoft, home depot are all dow stocks, add them together are all up adding 480 points to the dow industrials. the santa ana wi winds gusts expected to reach 70 miles per hour and firefighters worry the wind spreads embers from the palisades fires. max gorden joins us from malibu. what are firefighters trying to
10:17 am
do to stop the spread? reporter: hey there, stu. it's all about suring up those containment lines around the fire. we've seen an increase in containment on both the palisades and eaton fires and over the past day and a half we haven't seen any additional acreage added to these fires, so this is very good news, but we are dealing with a very dangerous situation down here in southern border with extreme fire weather very dry conditions and very strong winds. winds of between 45 to 70 miles per hour, and the winds have been picking up over the past hour and a half or so. now, i do want to show you this , because this is ongoing here, along the pacific coast highway. there's construction going on at all hours as workers now try to get gas lines fixed up, as well as try to clean up some of the debris. you can see this work going on right behind me here, and as this work is ongoing, questions now move to why these fires started.
10:18 am
now, when it comes to the eaton fire several lawsuits have been fired against southern border edison, the power company down here and there are claims socal edison, actually their lines started the eaton fire and when it comes to the palisades fire the atf is on the scene investigating looking at physical evidence as well as digital evidence and conducting interviews as well and then a washington post article came out recently pointing the blame at a fire that started over new years eve because of fireworks. firefighters got that fire extinguished there on new years eve but then there are thoughts that that fire rekindled with those santa ana winds spreading those embers and starting the palisades fire but really, the overarching concern right now is this latest wind event. again, winds up to 70 miles per hour very dry conditions, and all of south of southern califo. stuart: a group of residents suing the power company,
10:19 am
southern california edisonnd a they say the eaton fire was caused by the company's power lines. richard bridgeford is the lead lawyer in that lawsuit joining me now. richard? do you have proof that the company's power lines caused the fire? >> yes. we have proof, and let me tell you what this lawsuits about. this lawsuit is primarily about changing the corporate calculus, so that this never happens again. unfortunately, as in the coastal fire, the woolsey and the thomas fires, that lesson simply has not been learned and what's sad and particularly unfortunate about it is that prevention should not be an issue. sce knows what is required to prevent these fires. covered conduct on, underground the wires, most importantly, de-energize and that has not been done. it's not a money problem. it's a problem of where the money is going.
10:20 am
fact, edison made 1.6 billion in profit in 2023 and in doing so, it nearly doubled the prior-year's profits. it has recently released $25 a share or more on its a and b shares and paid generous compensation to the members of the c-suite. the question, the relevant question is where did that money not go? it did not go towards upgrading and maintaining the grid. the real question here is not primarily whether they were simply negligent. the real question in this case is whether there's something more sinister going on. stuart: i mean, okay. you've got a lawsuit against sce, i've got it. can you sue any government official for negligence? >> there's always the possibility that there was
10:21 am
government involvement in negligence. government has various immunities which the utilities do not enjoy. the primary problem in this state is that we have granted a for-profit entity, the right to conduct a monopoly in the provision of electricity, and as long as that happens, there's going to be a fatal choice made by the very human people that manage that company between dividends and bonuses on the one hand, and on the other hand, providing for the public safety. that simply cannot continue to go on. if we were to discuss the magnitude -- stuart: i'm sorry i'm almost out of time. i just want to thank you very much for coming on the show and presenting your point. we do appreciate that, richard. and we'll keep in touch with you to see how this lawsuit goes. i should tell our audience that we reached out to southern
10:22 am
california edison and they told us, i'm quoting it's a long statement. our hearts remain with our communities during the devastating fires in southern california. we remain committed to supporting them through this difficult time. sce crews, contractors and mutual assistance partners dedicated to safely restoring power to our customers. sce understands that lawsuits related to the eaton fire have been filed. sce will review them. the cause of the fire continues to be under investigation. thanks to everyone who participated in this segment, thank you. coming up, the house passed a bill to ban transgender athletes from girls sports, even democrats signed on to it. but the path for it to get through the senate that remains unclear. we'll get into it. five days until trump's inauguration. all living presidents and first ladies will attend except one. michelle obama. >> our motto is when they go low, we go high. >> [applause] stuart: we'll bring in guy benson to comment on that.
10:24 am
(traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. 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 skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset
10:25 am
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.
10:27 am
stuart: you know, if anything. this rally is expanding, extending. dow is up 705, nasdaq up 440 points, 2.3%, s&p is up 1.7%, 101 points. there are some big movers today, and lauren has got them. let's start with crypto plays coinbase. lauren: bitcoin is pushing 100,000 once again and it is at the highest level in a week so you can see the cryptos are surging. stuart: yes, they are. to put it mildly. intuitive surgical. lauren: all-time high for the stock. they make equipment for robotic surgeries and they are up on earnings and their sales grew by 25% in the last quarter. stuart: netflix. i'm sure that it's up. it is up nearly 2%. lauren: so, bmo is increasing their price target from 825 to $1,000. at the love the recent push by this company into live sports, whether it's boxing, wrestling or the one's women's world cupd
10:28 am
they raised their subscriber forecast for this year for the $7 tier by 30 million. they expect 90 million subscribers to that tier by the end of 2025. stuart: huge numbers. thanks, lauren. president biden will deliver his farewell address tonight. peter doocy joining us now from the white house. all right, peter? do we know what he's going to say tonight? reporter: yes, we do, stu. president biden plans to put a bow on 50 years in washington, and even though the most recent election showed americans don't really feel good about the economy, he is going to tell a primetime audience they should feel good about the economy in a letter released ahead of these remarks he's going to say, something like wages are up, inflation continues to come down, the wealth gap is lowest its been in 20 years, we're rebuilding our entire nation, urban, suburban, rural and tribal communities. manufacturing is coming back to america. according to this letter, the president is also going to say something along the lines of, i ran for president because
10:29 am
i believed the sole of america was at stake. the very nature of who we are was at stake at that's still the case. again americans decided they didn't want more of president biden or the kamala harris version of half biden half next generation democrat so the white house communications director says that this is going to be a big picture look. >> it's not going to be a laundry list of accomplishments. it's really also going to leverage the 50 years he's had in public life to reflect on the moment we're in, and where we go from here. how we keep our democracy strong and defend it. reporter: and just a few minutes ago we heard from vice president harris. she gave very brief remarks at a legislative conference here in washington, beside al sharp on. she just got back to the white house. stu? stuart: peter doocy, thank you very much indeed. now this. michelle obama will not attend trump's inauguration. guy benson with us this morning.
10:30 am
is this personal, guy? >> i don't know, stu. this is one i've been wondering about, because the former first lady also pretty prominently made a choice not to attend the funeral of jimmy carter, and that was unusual. all of the other former presidents who are still alive and their spouses, including the current vice president and her husband, everyone was there, except for michelle obama and we've got sort of a vague explanation. she was in hawaii if memory serves and there was some sort of scheduling conflict, fine. now she's not going to attend next presidential inauguration. if this were a personal thing about donald trump, i could understand skipping the inauguration potentially or having some sort of conflict for that but not the funeral services for a former democratic president, so this is two in a row. i know that's raising some eyebrows. i'm not really sure what to make of it. stuart: i wonder what michelle obama made of her husband, former president barack obama, laughing and joking with donald
10:31 am
trump, no less, at the funeral. i doubt she was happy with what her husband, that relationship that her husband seemed to have with trump. >> yeah, i mean, look. they were both being cordial to one another. maybe michelle obama would not have cared for that. of course she could have been there to have intervened if she wanted to maybe manage things differently but she wasn't there. again i have no idea why that's the case. you hope she's okay and there's no sort of medical issue. i don't want to speculate. it's odd to me to have someone in that role skip both of these major events back to back, maybe she's just signaling this is one of the theories i've seen, that she is completely done with public life. she doesn't want to be a part of it anymore. she's exiting stage left and she does not feel like she has an obligation to be at events like this moving forward. maybe that will change and maybe there's something else going on. i don't know, but two very different events, right? and you could chalk up a trump angle to one of them but i really don't think to the other.
10:32 am
stuart: vice president harris delivered one of her word salads when talking about the l.a. fires. watch this , guy. >> there is still so much work that firefighters, police officers, fema and others are doing that is about search and rescue. it's critically important that to the extent you can find anything that gives you an ability to be patient in this extremely dangerous and unprecedented crisis that you do. stuart: guy? can you interpret that for me? what's she saying? >> i think she's just saying be patient. this is going to take a while. take care of yourselves. be careful. something like that. there is just a lot of words in there to say that. some filler words, and that's not one of her most significant word salads i would say through the years, but one of the common themes is starting a sentence
10:33 am
and not quite being sure where she wants it to end and going on this journey with herself, from point a, to b and sometimes taking more words than necessary to fill that gap, which is what she did there, but look. she's trying to send a positive message to people in a harrowing situation doing really brutal difficult work, so i give her credit for that even if it was not perhaps the most eloquent we've seen, but it's also on-brand for her politically. stuart: you're quite right. point well taken. guy benson thanks for being with us see you again soon, i do hope. >> thank you. stuart: mark zuckerberg set to co-host a reception with republican billionaires for trump's inauguration. i want to hear more. lauren: reports say zuckerberg will co-host this reception along with other billionaire trump supporters including mary madilson, and todd rickeds. the big tech will be front and center, zuckerberg, jeff bezos,
10:34 am
sam altmann and elon musk, sitting on a platform, where the cabinet sits that showcases their new relationship with this new administration. coca cola is taking a somewhat different approach. their ceo james quincy, he gifted trump the first-ever presidential commemorative inaugural diet coke bottle because trump is a fan of diet coke. so he made that for him. and handed it to him. stuart: is that the first time you get diet coke in a bottle? lauren: that's a very good question. i don't think so. i don't know. stuart: i've never seen a bottle of diet coke. lauren: i don't know but not that bottle. that's special. stuart: still ahead, insects, mold, unidentified slime. that's what inspectors say they found inside bores head production plants. we have that shocking report. the confirmation hearing for trump's energy secretary, this nominee, that is, chris wright, his hearings are about to get underway on capitol hill. he believes climate change can
10:35 am
be a good thing. deal with that, next. [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. take a swing at your kitchen reno... meant that literally. or design your actual dream wedding. all your ambitions. all in one app. sofi personal loans. low fixed rates. borrow up to 100 k.
10:36 am
no fees required. go to sofi.com to view your rate. sofi. get your money right. when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on a deployment. i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training mission. did a military freefall, and i had some faulty equipment. i hit the ground. going, 30 to 40 knots
10:37 am
and was instantly paralyzed. i met jack fanning when he invited us to park city, utah, through his foundation. i was able to actually get on the mountain and ski with my family, i can't put into words what that meant. i got paid in the military to do crazy fun stuff. and after my accident, i'm still that same guy. and when i was able to jump out of a perfectly good, helicopter, at 10,000 feet, i did it. i was talking to some vets last week amazing how we have these houses where they can come over because they■re in chairs too. carpet and wheelchairs don't mix very well. tunnel to towers, they got rid of all that. they redid my whole bathroom. that's probably the favorite part of my house. i thought they were just going to do the upgrades. but the surprise to me was they paid off the entire mortgage. when they told me they're going to pay off my mortgage, i cried. please contribute
10:38 am
$11 a month by visiting t2t.org now morikawa on 18. he is really boxed in here. not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? anybody see it? oh wait, there it is! back into play and... -oh no, it's in the water. wait a minute. are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business. investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create
10:39 am
a healthier world tomorrow. better questions. better outcomes. stuart: we've got to keep going back to this. it is a rally. dow up 650. nasdaq up 430. s&p up about 100 points. show me big tech please. i'm pretty sure that they are all up. yes, they are. alphabet is up five buck, amazon five buck, microsoft $9, nvidia back to 134, apple a gain of 2% for apple at 238. congressman dan meuser, republican from pennsylvania joins me now. congressman? earlier this morning, bret baier told us to expect 150 executive orders on day one of the trump
10:40 am
presidency. what are you expecting on day one in these executive orders on energy? >> well, we're looking for some positive developments. certainly, what the biden administration has done, stuart, you know very well, has been nothing short of crushing to united states energy production from natural gas to oil, to nuclear, from high levels of new taxes, methane standards, just sending ripples throughout the independent. they've killed, along with killing production, they killed future investment and you should know they put a pause on lng exports, so that's just a short list of what the president can do to revive and create a path for domination of united states energy and at the same time -- stuart: i'm sorry. are we going to get all of that on day one through executive orders? >> well it's up to the
10:41 am
president. over the course of, i'd say, a few days and then of course we'll be looking to codify some of that over time, through legislation, and cra's and anything that's necessary, but look. what the biden administration has done from the keystone pipeline to development at ports, to the stronger or more significant permitting requirements for lng, and for pipelines, it's nothing short of unbelievably destructive to the industry as a whole and that's why we're seeing some of the mainly tech but some of the increases of the of course the cpi came in earlier, but of the stock market. there's a feeling of prosperity and those are the things that create momentum and more investment. stuart: there's the hearing for the nominee to be the energy secretary. that's about to get started,
10:42 am
the nominee is chris wright. actually its started and underway now. so what do you want to hear from him because he's a fossil fuels guy and he thinks there's some positives in global warming. i think the democrats are going to have a go at him, right? >> well look, he's from the real-world. he's the type of person that we bring into listen to in hearings as to what is needed for the industry to responsibly grow and be responsibly successful. the united states energy is crucial to our national security. it's also crucial to lowering inflation. chris wright is the right guy to handle as secretary of energy, and he's got a nuclear background. he's got natural gas. he's got solar. he's got, you know, of course other fossil fuels oil. he knows the real-world, and as far as i'm concerned, as a
10:43 am
former business guy, that's what i like seeing, in the president's cabinet and frankly in members of congress. stuart: it's a complete reversal of the energy policy of the previous administration. dan meuser -- >> exactly. stuart: you're from pennsylvania that's an energy state. >> it sure is. stuart: all good stuff. thanks, sir. we'll bring in grady trimble now. grady what's going on with chris chris wright's confirmation hearing? reporter: yeah, i think they will, stu and there's already been a protester who appeared to be a climate protester who had a bit of an outburst while he was giving his opening statement. that protester, just like at pete hegseth's confirmation hearing yesterday, was quickly removed and by the way, stuart. imagine this. this is chris wright's 60th birthday so he probably won't get gifts from democratic senators, just a grilling. in his opening statement he's outlining the immediate actions the energy department will take under his helm, things like
10:44 am
unleashing american energy, and restoring energy dominance, calling for the u.s. to lead the world in innovation and technology breakthroughs in energy, and building things in america again, and removing barriers to progress, like red tape. he also took a swipe at the current administration's energy policies, though he did not name president biden directly. take a listen. >> previous administrations have viewed energy as a liability, instead of the immense national asset that it is. to compete globally, we must expand energy production, including commercial nuclear, and liquefied natural gas, and cut the cost of energy for americans. reporter: what we've seen so far in this hearing is that republicans are focusing on the importance of expanding energy production to make the u.s. more secure and to boost the economy. democrats though will likely press wright on his views on climate change. he's called it a challenge but is an advocate for energy production in the united states,
10:45 am
for fossil fuels and nuclear energy and he does not see climate change as the existential threat that the current administration does, so expect democrats to really hammer him on that. stuart: grady trimble thank you very much, sir. still ahead it is sad to see biden go like this. he's angry. he was pushed out by his own party and replaced by a candidate who lost. it's not easy watching an american president aging rapidly. that's my take, top of the hour. robert f. kennedy jr. wants to ban drug ads on tv and get rid of highly-processed foods. can he get that done? that's next. ♪
10:49 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. has rea here in theing to under comcast family,tion 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: the story on the markets right now is that the rally is d whoing. holding and here is one of the reasons why we've got this rally. the yield on the 10-year treasury keeps on coming down. investors like that. the yield is now 4.65% down 13
10:50 am
basis points and the bond market that's a big drop. a new and shocking report following the deadly listeria outbreak details the unsanitary conditions inside bore's head production plants. lydia hu has the story. what's this about, insects and slime? reporter: it's really disturbing, stuart. those are just some of the unsanitary conditions that are being revealed by newly-released inspection reports. you'll remember that last year, a troubled bore's head plant in virginia closed after it was 60 people were sickened at least and another 10 died from a listeria contamination originating with that plant. these new records show unsanitary conditions exist at three more meat plants and that these issues go back six years. you mentioned the slime and the insects and inspectors also saw equipment covered in meat scraps, green mold, flaking paint, and in one case a puddle of blood, debris and trash, and also condensation falling on to
10:51 am
the foods. a boar's head spokesperson said these reports do not meet our high standards and under the guidance of the boar's head food safety advisory we are adopting and implementing enhanced food safety interventions and programs across the entire company. the company says it does continue to operate its plants under normal usda oversight, but stuart, i mentioned moments ago, those 10 people that guide from died fromlisteria poisoning this longed a dorman. her family shared this photo and they say she died in july after consuming boar's head liverworst. she was 73 years old and her son garrett said in a statement to fox business reacting to this new news of unsanitary conditions, "this makes me extremely angry and sad. my mother was receiving treatment at the time for cancer and the sandwich was one of the few things she would agree to eat. at the time i thought i was doing a good thing and now, i
10:52 am
just feel guilty." well, dorman is suing boar's head and the company declined to comment on this ongoing litigation but suffice it to say these new documents add to the mounting questions they have to answer in court stuart and also scrutiny over the usda for how it overseas the process of food processing in our country. stuart: got it. lidia, thank you very much. weight loss drugs like ozempic and wegovy have been considered a miracle medication. my next guest wrote the book "the ozempic revolution" and if it's so good, should everyone take ozempic? >> no not at all but it is very useful and effective for preventing and reversing disease in many of the people in our country right now. up to 50% of our country is suffering with obesity and these diseases don't just treat weight but all of the downstream diseases from them. stuart: now, they are relatively
10:53 am
new. do we know the side effects here? >> not really. they have been around in clinical use, out in the world since 2005 and been studied extensively and the safety profile of these medications is quite good. stuart: so it is a miracle? >> i think so. stuart: you're convinced? >> yes. i am. but you know, with any modern miracle, we need to treat it with the respect it deserves, and this really needs to be used for the right person with the right support. it's not just here, everyone take a shot, and that's where i have a little bit of a problem and i wrote the book the ozempic revolution to provide people with the support, the lifestyle support, how to eat, how to think, how to move. all of the things that are required for health, not just weight loss. stuart: most of the people i know who want it, can get it. regardless. >> i do think that's actually a problem. i do think that's one of the misconceptions people think well i'll just go on it and you'll feel great. this is where you get the headlines of it not working. people not feeling well. you really need to take a holistic comprehensive approach
10:54 am
to your health and if you're just like getting it here, getting it there, without any guidance it's tough. stuart: but once you start taking it and it works, you lose weight, if you stop taking it, you get all of the weight back again don't you? >> yes but we're thinking about it wrong. it is for the use of chronic management for chronic disease. so it's like any other disease state. if we treat you for blood pressure, we don't just takeaway the blood pressure medication when we get your blood pressure under control and of course we'll want you to do the lifestyle things, but with these medications we do have to anticipate being on them long-term. stuart: president trump's president-elect trump's pick for health nominee, rfk jr. pledged to make america healthy again. first of all he wants to ban drug advertising on tv. what do you think to that? >> i don't think any patient has ever come to me saying i want to go on ozempic because i saw the commercial. i think that there does need to be better regulation of kind of this idea of the shot will cure
10:55 am
everything. i think that we need to be more holistic in our approach. stuart: rfk jr. also wants to get rid of or certainly investigate highly-processed foods. what do you say to that? >> i agree. so, ultra processed foods are one of the reasons we're in this predicament. ultra processed foods lead to weight gain but they also change our brain and the majority of weight gain is actually caused by dysfunction in our brain and the hormonal disregulation it causes so i'm a big fan of getting to the root cause. stuart: i've got to get this in because we just heard this. the fda is banning the use of red dye number 3 linked to cancer in animals. ban red dye number 3. >> i think we need a little bit more evidence but i do think we need regulation and we need to be getting the chemicals and additives out of our food and turn to what europe does. stuart: europe? in this respect you think the europeans are ahead of us? >> i do think so when it comes to food quality.
10:56 am
stuart: don't be fooled by my accent. i'm an american. thanks for joining us we appreciate it. still ahead, mollie hemingway on pete hegseth's seeming to weather the democrat's grilling during his confirmation hearing. tennessee congressman andy ogles leading the bill to authorize america buying greenland. bill hemmer on biden's primetime farewell address tonight. border guy chris olivares on the administration letting nearly 1.5 million migrants into the u.s. just by using an app. the 11:00 hour is next.
10:57 am
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 (sneeze) (hooves approaching) not again. your cold is coming! your cold is coming! thanks...revere. we really need to keep zicam in the house. only if you want to shorten your cold! when you feel a cold coming, shorten it with zicam (revere: hyah)
10:58 am
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. 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.
10:59 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. “music playing”
11:00 am
0 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on